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: December 31, 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

Semi-Annual Report

December 31, 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 Quality Dividend Growth Fund (DHDG)

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

 

 

Performance Summaries (unaudited)

       1   

Description of Indexes (unaudited)

       19   

Shareholder Expense Examples (unaudited)

       22   

Schedules of Investments (unaudited)

    

WisdomTree Dynamic Currency Hedged Europe Equity Fund

       25   

WisdomTree Dynamic Currency Hedged International Equity Fund

       29   

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund

       39   

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

       41   

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

       90   

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

       91   

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

       92   

WisdomTree Dynamic Bearish U.S. Equity Fund

       93   

WisdomTree Dynamic Long/Short U.S. Equity Fund

       95   

Statements of Assets and Liabilities (unaudited)

       97   

Statements of Operations (unaudited)

       101   

Statements of Changes in Net Assets (unaudited)

       105   

Financial Highlights (unaudited)

       111   

Notes to Financial Statements (unaudited)

       120   

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

       135   

General Information (unaudited)

       137   

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


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Financials

    25.3%   

Industrials

    13.4%   

Consumer Discretionary

    13.1%   

Consumer Staples

    9.1%   

Utilities

    8.4%   

Energy

    7.7%   

Materials

    6.9%   

Telecommunication Services

    6.5%   

Health Care

    4.6%   

Information Technology

    3.8%   

Real Estate

    1.3%   

Other Assets less Liabilities‡

    -0.1%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 12/31/16

 

Description   % of Net Assets  

Anheuser-Busch InBev S.A.

    3.4%   

TOTAL S.A.

    2.9%   

Daimler AG, Registered Shares

    2.7%   

Telefonica S.A.

    2.5%   

Siemens AG, Registered Shares

    2.4%   

Allianz SE, Registered Shares

    2.3%   

Banco Santander S.A.

    2.3%   

BASF SE

    2.1%   

Eni SpA

    2.1%   

ING Groep N.V.

    2.0%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree 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 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 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month      Since
Inception1
 

Fund NAV Returns

       14.46      12.39

Fund Market Price Returns

       12.27      12.79

WisdomTree Dynamic Currency Hedged Europe Equity Index

       14.56      12.47

MSCI EMU Local Index

       15.04      10.40

MSCI EMU Index

       9.27      7.54
1 Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016.

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 Semi-Annual Report December 31, 2016      1   


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Financials

    24.4%   

Consumer Discretionary

    12.3%   

Industrials

    12.2%   

Consumer Staples

    9.0%   

Energy

    8.8%   

Health Care

    7.9%   

Telecommunication Services

    7.2%   

Materials

    6.9%   

Utilities

    4.7%   

Information Technology

    3.7%   

Real Estate

    2.7%   

Other Assets less Liabilities‡

    0.2%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 12/31/16

 

Description   % of Net Assets  

HSBC Holdings PLC

    2.1%   

BP PLC

    1.7%   

Royal Dutch Shell PLC, Class A

    1.6%   

Toyota Motor Corp.

    1.5%   

TOTAL S.A.

    1.4%   

Nestle S.A., Registered Shares

    1.4%   

China Mobile Ltd.

    1.3%   

GlaxoSmithKline PLC

    1.1%   

Novartis AG, Registered Shares

    1.1%   

Roche Holding AG, Genusschein

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

The WisdomTree 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 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 1, 2016, the Fund’s net and gross annual expense ratios were 0.35% and 0.40%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month      Since
Inception1
 

Fund NAV Returns

       12.14      14.18

Fund Market Price Returns

       10.78      14.20

WisdomTree Dynamic Currency Hedged International Equity Index

       12.23      14.21

MSCI EAFE Local Currency Index

       13.53      11.19

MSCI EAFE Index

       5.67      6.83
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016.

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.

 

2   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

 

Sector Breakdown† as of 12/31/16

 

Sector   % of Net Assets  

Consumer Discretionary

    20.9%   

Industrials

    19.8%   

Health Care

    17.5%   

Consumer Staples

    17.2%   

Information Technology

    8.9%   

Financials

    4.6%   

Real Estate

    4.4%   

Materials

    3.5%   

Utilities

    2.4%   

Energy

    0.4%   

Telecommunication Services

    0.3%   

Other Assets less Liabilities‡

    0.1%   

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 12/31/16

 

Description   % of Net Assets  

Unilever N.V., CVA

    5.6%   

British American Tobacco PLC

    5.3%   

Roche Holding AG, Genusschein

    5.3%   

Airbus Group SE

    3.3%   

LVMH Moet Hennessy Louis Vuitton SE

    3.1%   

Novo Nordisk A/S, Class B

    3.0%   

Reckitt Benckiser Group PLC

    2.8%   

Industria de Diseno Textil S.A.

    2.5%   

Hennes & Mauritz AB, Class B

    2.2%   

Roche Holding AG, Bearer Shares

    2.0%   
* 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 derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth 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 International Quality Dividend Growth 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 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 Semi-Annual Report December 31, 2016      3   


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

Sector Breakdown† as of 12/31/16

 

Sector   % of Net Assets  

Industrials

    24.6%   

Consumer Discretionary

    19.4%   

Financials

    14.7%   

Materials

    10.3%   

Information Technology

    8.4%   

Real Estate

    5.4%   

Consumer Staples

    5.4%   

Health Care

    4.0%   

Energy

    3.7%   

Utilities

    2.5%   

Telecommunication Services

    1.4%   

Other Assets less Liabilities‡

    0.2%   

Total

    100.0%   

 

  The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 12/31/16

 

Description   % of Net Assets  

Navigator Co. S.A. (The)

    0.7%   

Vedanta Resources PLC

    0.7%   

UNIQA Insurance Group AG

    0.5%   

Saras SpA

    0.5%   

Austevoll Seafood ASA

    0.5%   

Aker ASA, Class A

    0.5%   

Euronav N.V.

    0.5%   

Television Broadcasts Ltd.

    0.4%   

Electrocomponents PLC

    0.4%   

IOOF Holdings Ltd.

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

The WisdomTree 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 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 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month      Since
Inception1
 

Fund NAV Returns

       15.49      15.91

Fund Market Price Returns

       14.09      15.52

WisdomTree Dynamic Currency Hedged International SmallCap Equity Index

       15.82      16.41

MSCI EAFE SmallCap Local Index

       14.02      11.06

MSCI EAFE SmallCap Index

       5.54      7.28
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016.

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.

 

4   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Consumer Discretionary

    22.4%   

Industrials

    19.3%   

Financials

    18.1%   

Information Technology

    9.9%   

Telecommunication Services

    6.7%   

Materials

    6.5%   

Consumer Staples

    6.4%   

Health Care

    5.9%   

Real Estate

    2.0%   

Utilities

    1.3%   

Energy

    0.9%   

Other Assets less Liabilities

    0.6%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 12/31/16

 

Description   % of Net Assets  

Toyota Motor Corp.

    5.3%   

Mitsubishi UFJ Financial
Group, Inc.

    3.0%   

Sumitomo Mitsui Financial Group, Inc.

    2.4%   

NTT DOCOMO, Inc.

    2.4%   

Nippon Telegraph &
Telephone Corp.

    2.2%   

Mizuho Financial Group, Inc.

    2.0%   

Nissan Motor Co., Ltd.

    1.8%   

Canon, Inc.

    1.8%   

Japan Tobacco, Inc.

    1.8%   

Honda Motor Co., Ltd.

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

The WisdomTree 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 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 1, 2016, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month     

Since

Inception1

 

Fund NAV Returns

       18.67      9.18

Fund Market Price Returns

       16.83      8.73

WisdomTree Dynamic Currency Hedged Japan Equity Index

       19.23      9.81

MSCI Japan Local Currency Index

       23.26      5.59

MSCI Japan Index

       8.42      6.93
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on January 7, 2016.

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 Semi-Annual Report December 31, 2016      5   


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Dividend Fund (DVEM)

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Financials

    22.2%   

Information Technology

    13.4%   

Energy

    12.5%   

Telecommunication Services

    11.5%   

Materials

    9.5%   

Consumer Staples

    8.2%   

Consumer Discretionary

    6.5%   

Industrials

    6.3%   

Utilities

    5.6%   

Real Estate

    3.1%   

Health Care

    1.0%   

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 12/31/16

 

Description   % of Net Assets  

China Construction
Bank Corp., Class H

    4.1%   

China Mobile Ltd.

    3.4%   

Taiwan Semiconductor
Manufacturing Co., Ltd.

    3.0%   

Gazprom PJSC, ADR

    2.0%   

Lukoil PJSC, ADR

    1.8%   

Samsung Electronics Co., Ltd.

    1.8%   

Rosneft Oil Co. PJSC,
GDR Reg S

    1.3%   

Hon Hai Precision
Industry Co., Ltd.

    1.2%   

Industrial & Commercial
Bank of China Ltd., Class H

    1.1%   

CNOOC Ltd.

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

The WisdomTree 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 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 1, 2016, the Fund’s annual expense ratio was 0.32%.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month     

Since

Inception1

 

Fund NAV Returns

       6.37      11.70

Fund Market Price Returns

       5.93      11.98

WisdomTree Emerging Markets Dividend Index

       6.32      11.63

MSCI Emerging Markets Index

       4.49      8.69
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 7, 2016.

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.

 

6   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Local Recovery Fund (EZR)

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Financials

    30.7%  

Industrials

    23.7%  

Consumer Discretionary

    21.1%  

Materials

    9.3%  

Information Technology

    5.8%  

Energy

    5.4%  

Real Estate

    3.6%  

Telecommunication Services

    0.3%  

Other Assets less Liabilities

    0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 12/31/16

 

Description   % of Net Assets  

TOTAL S.A.

    2.3%  

BASF SE

    1.9%  

Allianz SE, Registered Shares

    1.7%  

BNP Paribas S.A.

    1.6%  

ING Groep N.V.

    1.3%  

AXA S.A.

    1.3%  

Societe Generale S.A.

    1.2%  

Eni SpA

    1.0%  

Intesa Sanpaolo SpA

    1.0%  

Deutsche Post AG,
Registered Shares

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

The WisdomTree 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 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 1, 2016, 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 12/31/16

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       12.70      -2.40      -2.39

Fund Market Price Returns

       11.39      -1.64      -2.90

WisdomTree Europe Local Recovery Index

       12.97      -2.21      -2.32

MSCI European Economic and Monetary Union (EMU) Index

       9.27      1.34      -2.03
* Returns of less than one year are cumulative.
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on October 29, 2015.

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 Semi-Annual Report December 31, 2016      7  


Table of Contents

Performance Summary (unaudited)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Industrials

    21.3%  

Consumer Discretionary

    17.4%  

Financials

    13.1%  

Real Estate

    12.7%  

Materials

    8.1%  

Information Technology

    6.8%  

Energy

    5.6%  

Consumer Staples

    5.4%  

Utilities

    5.0%  

Telecommunication Services

    2.7%  

Health Care

    1.9%  

Investment Company

    0.1%  

Other Assets less Liabilities

    -0.1%  

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 12/31/16

 

Description   % of Net Assets  

CVR Energy, Inc.

    1.9%  

CoreCivic, Inc.

    1.7%  

Geo Group, Inc. (The)

    1.4%  

RR Donnelley & Sons Co.

    1.2%  

Time, Inc.

    0.9%  

Kronos Worldwide, Inc.

    0.8%  

Waddell & Reed
Financial, Inc., Class A

    0.8%  

Xenia Hotels & Resorts, Inc.

    0.7%  

GATX Corp.

    0.7%  

Consolidated Communications
Holdings, Inc.

    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 derivatives and 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 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 1, 2016, 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 12/31/16

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       17.95      24.26      20.26

Fund Market Price Returns

       17.27      19.84      20.37

WisdomTree Global Hedged SmallCap Dividend Index

       17.28      24.53      20.63

MSCI AC World Small Cap Local Currency Index

       12.38      12.76      10.16
* Returns of less than one year are cumulative.
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on November 19, 2015.

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 Semi-Annual Report December 31, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Global SmallCap Dividend Fund (GSD)

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Industrials

    21.3%  

Consumer Discretionary

    17.4%  

Financials

    13.1%  

Real Estate

    12.7%  

Materials

    8.1%  

Information Technology

    6.8%  

Energy

    5.6%  

Consumer Staples

    5.4%  

Utilities

    5.0%  

Telecommunication Services

    2.7%  

Health Care

    1.9%  

Investment Company

    0.1%  

Other Assets less Liabilities

    -0.1%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 12/31/16

 

Description   % of Net Assets  

CVR Energy, Inc.

    1.9%  

CoreCivic, Inc.

    1.7%  

Geo Group, Inc. (The)

    1.4%  

RR Donnelley & Sons Co.

    1.2%  

Time, Inc.

    0.9%  

Kronos Worldwide, Inc.

    0.8%  

Waddell & Reed
Financial, Inc., Class A

    0.8%  

Xenia Hotels & Resorts, Inc.

    0.7%  

GATX Corp.

    0.7%  

Consolidated Communications
Holdings, Inc.

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

The WisdomTree 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 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 1, 2016, the Fund’s annual expense ratio was 0.43%.

Performance as of 12/31/16

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       14.26      24.00      21.00

Fund Market Price Returns

       14.09      23.93      20.98

WisdomTree Global SmallCap Dividend Index

       13.96      23.93      20.92

MSCI AC World Small Cap Index

       9.17      11.59      10.20
* Returns of less than one year are cumulative.
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on November 12, 2015.

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 Semi-Annual Report December 31, 2016      9  


Table of Contents

Performance Summary (unaudited)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Information Technology

    42.0%  

Consumer Discretionary

    21.6%  

Industrials

    15.9%  

Health Care

    13.3%  

Consumer Staples

    7.2%  

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).

 

* Represents less than 0.1%.

Top Ten Holdings* as of 12/31/16

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    7.4%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    4.5%  

Hyundai Motor Co.

    2.2%  

Hon Hai Precision
Industry Co., Ltd.

    2.0%  

Tong Yang Industry Co., Ltd.

    1.8%  

Hankook Tire Co., Ltd.

    1.6%  

Dishman Pharmaceuticals &
Chemicals Ltd.

    1.5%  

Cadila Healthcare Ltd.

    1.5%  

Gruma S.A.B. de C.V., Class B

    1.4%  

SK Hynix, Inc.

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

The WisdomTree 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 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 1, 2016, the Fund’s annual expense ratio was 0.58%.

Performance as of 12/31/16

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       0.29      1.23      -2.22

Fund Market Price Returns

       -0.80      1.68      -2.50

WisdomTree Strong Dollar Emerging Markets Equity Index

       0.56      1.60      -2.15

MSCI Emerging Markets Index

       4.49      11.19      3.98
* Returns of less than one year are cumulative.
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on October 29, 2015.

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 Semi-Annual Report December 31, 2016


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Financials

    20.8%  

Consumer Discretionary

    20.3%  

Industrials

    10.4%  

Utilities

    10.4%  

Health Care

    10.0%  

Consumer Staples

    9.0%  

Real Estate

    7.9%  

Telecommunication Services

    6.1%  

Information Technology

    5.0%  

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 12/31/16

 

Description   % of Net Assets  

AT&T, Inc.

    1.5%  

Verizon Communications, Inc.

    1.3%  

Bank of America Corp.

    1.3%  

Comcast Corp., Class A

    1.3%  

Wells Fargo & Co.

    1.3%  

Home Depot, Inc. (The)

    1.2%  

Charter Communications, Inc.,
Class A

    1.2%  

Sprint Corp.

    1.1%  

UnitedHealth Group, Inc.

    1.0%  

Altria Group, 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 derivatives and 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 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 1, 2016, the Fund’s annual expense ratio was 0.33%.

Performance as of 12/31/16

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       6.91      14.66      8.74

Fund Market Price Returns

       6.70      14.04      8.39

WisdomTree Strong Dollar U.S. Equity Index

       6.94      14.57      8.57

S&P 500® Index

       7.82      11.96      6.19
* Returns of less than one year are cumulative.
1  Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015.

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 Semi-Annual Report December 31, 2016      11  


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Information Technology

    26.5%  

Industrials

    15.1%  

Health Care

    13.8%  

Materials

    11.4%  

Consumer Discretionary

    10.0%  

Consumer Staples

    8.4%  

Energy

    6.8%  

Financials

    6.5%  

Real Estate

    0.8%  

Utilities

    0.6%  

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 12/31/16

 

Description   % of Net Assets  

Apple, Inc.

    1.8%  

Exxon Mobil Corp.

    1.5%  

Microsoft Corp.

    1.5%  

Johnson & Johnson

    1.3%  

Chevron Corp.

    1.1%  

General Electric Co.

    1.1%  

Procter & Gamble Co. (The)

    1.0%  

PepsiCo, Inc.

    0.9%  

Coca-Cola Co. (The)

    0.9%  

Philip Morris International, Inc.

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

The WisdomTree 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 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 1, 2016, the Fund’s annual expense ratio was 0.33%.

Performance as of 12/31/16

 

        Average Annual Total Return  
        6-Month*      1 Year      Since
Inception1
 

Fund NAV Returns

       9.37      12.90      5.62

Fund Market Price Returns

       9.44      12.56      5.46

WisdomTree Weak Dollar U.S. Equity Index

       9.25      12.65      5.31

S&P 500® Index

       7.82      11.96      6.19
* Returns of less than one year are cumulative.
1  Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015.

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 Semi-Annual Report December 31, 2016


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Financials

    32.0%   

Health Care

    17.8%   

Consumer Discretionary

    12.6%   

Consumer Staples

    8.8%   

Industrials

    7.8%   

Information Technology

    6.0%   

Telecommunication Services

    5.3%   

Energy

    4.0%   

Materials

    1.8%   

Utilities

    1.8%   

Real Estate

    0.7%   

Other Assets less Liabilities‡

    1.4%   

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 12/31/16

 

Description   % of Net Assets  

Morgan Stanley,
4.88%, 11/1/22

    3.3%   

Wachovia Corp.,
5.75%, 2/1/18

    3.2%   

Time Warner, Inc.,
3.60%, 7/15/25

    3.2%   

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

    3.2%   

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

    3.2%   

Citigroup, Inc.,
5.50%, 9/13/25

    3.0%   

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

    2.6%   

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

    2.6%   

Chevron Corp.,
2.36%, 12/5/22

    2.5%   

McKesson Corp.,
3.80%, 3/15/24

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

The WisdomTree 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 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 1, 2016, the Fund’s net and gross annual expense ratios were 0.18% and 0.28%, respectively. 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 Trust for any reason at any time.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month      Since
Inception1
 

Fund NAV Returns

       -1.97      -0.12

Fund Market Price Returns

       -2.26      -1.08

WisdomTree Fundamental U.S. Corporate Bond Index

       -1.53      0.68

BofA Merrill Lynch U.S. Corporate Index

       -1.49      0.96
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016.

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 Semi-Annual Report December 31, 2016      13   


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Consumer Discretionary

    19.6%   

Health Care

    17.5%   

Information Technology

    11.2%   

Telecommunication Services

    9.9%   

Industrials

    9.5%   

Materials

    8.8%   

Financials

    8.3%   

Consumer Staples

    6.1%   

Utilities

    4.1%   

Energy

    3.0%   

Other Assets less Liabilities

    2.0%   

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 12/31/16

 

Description   % of Net Assets  

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

    3.1%   

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

    3.0%   

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

    3.0%   

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

    3.0%   

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

    2.9%   

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

    2.9%   

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

    2.8%   

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

    2.8%   

Western Digital Corp.,
10.50%, 4/1/24

    2.7%   

CCO Holdings LLC,
5.25%, 3/15/21

    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 derivatives and 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 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 1, 2016, the Fund’s net and gross annual expense ratios were 0.38% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month      Since
Inception1
 

Fund NAV Returns

       6.22      7.65

Fund Market Price Returns

       5.11      5.70

WisdomTree Fundamental U.S. High Yield Corporate Bond Index

       7.18      9.08

BofA Merrill Lynch U.S. High Yield Index

       7.47      9.88
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016.

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.

 

14   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Financials

    40.5%   

Consumer Staples

    12.0%   

Health Care

    10.5%   

Telecommunication Services

    7.2%   

Industrials

    6.8%   

Information Technology

    6.5%   

Consumer Discretionary

    4.7%   

Utilities

    4.5%   

Energy

    4.3%   

Materials

    2.0%   

Other Assets less Liabilities

    1.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 12/31/16

 

Description    % of Net Assets  

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

     3.2

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

     3.2

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

     3.1

NextEra Energy Capital Holdings, Inc.,
1.65%, 9/1/18

     3.0

Morgan Stanley,
2.13%, 4/25/18

     3.0

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

     2.9

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

     2.9

Wells Fargo & Co.,
1.40%, 9/8/17

     2.7

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

     2.6

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

     2.5
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree 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 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 1, 2016, the Fund’s net and gross annual expense ratios were 0.18% and 0.28%, respectively. 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 Trust for any reason at any time.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month      Since
Inception1
 

Fund NAV Returns

       -0.39      0.27

Fund Market Price Returns

       -0.49      -0.71

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

       0.00 %*       0.90

BofA Merrill Lynch 1-5 year U.S. Corporate Index

       -0.30      0.80
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016.
*  Represents less than 0.01%.

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 Semi-Annual Report December 31, 2016      15   


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown as of 12/31/16

 

Sector   % of Net Assets  

Financials

    17.2%   

Consumer Discretionary

    16.2%   

Health Care

    14.2%   

Telecommunication Services

    11.2%   

Industrials

    11.0%   

Materials

    9.0%   

Energy

    7.9%   

Consumer Staples

    6.8%   

Utilities

    2.1%   

Information Technology

    0.9%   

Other Assets less Liabilities‡

    3.5%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 12/31/16

 

Description   % of Net Assets  

Freeport-McMoRan, Inc.,
3.10%, 3/15/20

    3.3%   

Navient Corp.,
8.00%, 3/25/20

    3.1%   

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

    3.1%   

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

    3.0%   

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

    3.0%   

TransDigm, Inc.,
5.50%, 10/15/20

    3.0%   

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

    3.0%   

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

    2.9%   

T-Mobile USA, Inc.,
6.54%, 4/28/20

    2.9%   

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

    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 derivatives and 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 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 1, 2016, the Fund’s net and gross annual expense ratios were 0.38% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/16

 

        Cumulative Total Return  
        6-Month      Since
Inception1
 

Fund NAV Returns

       5.40      7.22

Fund Market Price Returns

       4.50      5.18

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

       5.87      9.09

BofA Merrill Lynch 1-5 year U.S. High Yield Constrained Index

       7.74      10.84
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on April 27, 2016.

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.

 

16   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 12/31/16

 

Sector   % of Net Assets  

Information Technology

    20.1%  

Consumer Discretionary

    14.7%  

Industrials

    14.3%  

Health Care

    11.9%  

Real Estate

    10.1%  

Consumer Staples

    8.0%  

Energy

    7.6%  

Financials

    6.8%  

Utilities

    3.0%  

Telecommunication Services

    2.9%  

Materials

    1.9%  

Other Assets less Liabilities‡

    -1.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/16

 

Description   % of Net Assets  

Equity Residential

    3.1%  

Allegiant Travel Co.

    3.0%  

Cracker Barrel Old Country Store, Inc.

    2.6%  

McDonald’s Corp.

    2.4%  

Camden Property Trust

    2.2%  

MEDNAX, Inc.

    2.1%  

C.H. Robinson Worldwide, Inc.

    2.0%  

Clorox Co. (The)

    2.0%  

HCA Holdings, Inc.

    1.9%  

Facebook, Inc., Class 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 derivatives and 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 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 1, 2016, 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 October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/16

 

        Average Annual Total Return  
        6-Month*      1 Year      Since
Inception1
 

Fund NAV Returns

       2.47      1.53      2.47

Fund Market Price Returns

       2.39      1.45      2.31

WisdomTree Dynamic Bearish U.S. Equity Index

       2.09      1.41      2.30

S&P 500® Index

       7.82      11.96      10.64

S&P 500® Inverse Daily Index

       -7.23      -11.47      -10.41
*  Returns of less than one year are cumulative.
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on December 23, 2015.

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 Semi-Annual Report December 31, 2016      17  


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 12/31/16

 

Sector   % of Net Assets  

Information Technology

    19.9%  

Consumer Discretionary

    14.5%  

Industrials

    14.0%  

Health Care

    11.7%  

Real Estate

    10.0%  

Consumer Staples

    7.9%  

Energy

    7.4%  

Financials

    6.7%  

Utilities

    3.0%  

Telecommunication Services

    2.8%  

Materials

    1.9%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 12/31/16

 

Description   % of Net Assets  

Allegiant Travel Co.

    3.0%  

Equity Residential

    3.0%  

Cracker Barrel Old Country Store, Inc.

    2.6%  

McDonald’s Corp.

    2.4%  

Camden Property Trust

    2.3%  

MEDNAX, Inc.

    2.1%  

C.H. Robinson Worldwide, Inc.

    2.1%  

Clorox Co. (The)

    1.9%  

HCA Holdings, Inc.

    1.8%  

Facebook, Inc., Class 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 derivatives and 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 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 1, 2016, 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 October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/16

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       4.40      11.72      11.29

Fund Market Price Returns

       4.46      11.67      11.16

WisdomTree Dynamic Long/Short U.S. Equity Index

       4.61      12.39      11.99

S&P 500® Index

       7.82      11.96      10.64
*  Returns of less than one year are cumulative.
1  Total returns are calculated based on the commencement of Fund trading on the BATS Exchange, Inc. on December 23, 2015.

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 Semi-Annual Report December 31, 2016


Table of Contents

Description of Indexes (unaudited)

Below are descriptions of each Index referenced in this report:

The BofA Merrill Lynch U.S. Corporate Index tracks the performance of U.S. dollar denominated investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch, at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $250 million.

The BofA Merrill Lynch U.S. High Yield Index tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million.

The BofA Merrill Lynch 1-5 Year U.S. Corporate Index is a subset of The BofA Merrill Lynch U.S. Corporate Index including all securities with a remaining term to final maturity less than 5 years.

The BofA Merrill Lynch 1-5 Year U.S. High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch).

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 Europe, Australasia and Japan (EAFE) Index is a market cap-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan.

The MSCI EAFE Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure developed market equity performance, excluding the U.S. and Canada which is calculated in local currency.

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

The MSCI EAFE SmallCap Local Index is a free float-adjusted market capitalization equity index that is designed to measure the performance of small-cap stocks within the developed equity market, excluding the U.S. and Canada, 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 MSCI EMU Local Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of countries within the EMU and calculated in local currency.

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

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

The 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      19   


Table of Contents

Description of Indexes (unaudited) (continued)

 

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 Currency Hedged Europe Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies incorporated in developed Europe and is designed to remove from index performance the impact of the changes in the value of the Euro relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States, and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged Japan Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in Japan and is designed to remove from index performance the impact of changes in the value of the Japanese Yen relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

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 Emerging Markets Dividend Index is a dividend weighted index that consists of emerging market dividend-paying common stocks.

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 Fundamental U.S. Corporate Bond Index is designed to capture the performance of selected issuers in the U.S. investment grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. High Yield Corporate Bond Index is designed to capture the performance of selected issuers in the U.S. non-investment-grade corporate bond (“junk bonds”) market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. Short-Term Corporate Bond Index is designed to capture the performance of selected issuers in the short-term U.S. investment grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index is designed to capture the performance of selected issuers in the short-term U.S. non-investment-grade corporate bond (“junk bonds”) market that are deemed to have favorable fundamental and income characteristics.

 

20   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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.

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

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

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

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

 

WisdomTree Trust Semi-Annual Report December 31, 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 July 1, 2016 to December 31, 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 7/1/16 to 12/31/16” 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 Semi-Annual Report December 31, 2016


Table of Contents

Shareholder Expense Examples (unaudited) (continued)

 

      Beginning
Account
Value
7/1/16
     Ending
Account
Value
12/31/16
     Annualized
Expense Ratio
Based on the
Period‡
7/1/16 to
12/31/16
    Expenses Paid
During the
Period†
7/1/16 to
12/31/16
 

WisdomTree Dynamic Currency Hedged Europe Equity Fund

          

Actual

   $ 1,000.00       $ 1,144.60         0.43 %1    $ 2.32   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.43 %1    $ 2.19   

WisdomTree Dynamic Currency Hedged International Equity Fund

          

Actual

   $ 1,000.00       $ 1,121.40         0.35 %2    $ 1.87   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.44         0.35 %2    $ 1.79   

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund

          

Actual3

   $ 1,000.00       $ 1,037.70         0.10 %3    $ 0.16   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,024.70         0.10 %3    $ 0.51   

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

          

Actual

   $ 1,000.00       $ 1,154.90         0.43 %1    $ 2.34   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.43 %1    $ 2.19   

WisdomTree Dynamic Currency Hedged Japan Equity Fund

          

Actual

   $ 1,000.00       $ 1,186.70         0.43 %1    $ 2.37   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.43 %1    $ 2.19   

WisdomTree Emerging Markets Dividend Fund

          

Actual

   $ 1,000.00       $ 1,063.70         0.32   $ 1.66   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.59         0.32   $ 1.63   

WisdomTree Europe Local Recovery Fund

          

Actual

   $ 1,000.00       $ 1,127.00         0.48 %4    $ 2.57   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.79         0.48 %4    $ 2.45   

WisdomTree Global Hedged SmallCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,179.50         0.00 %5    $ 0.00   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,025.21         0.00 %5    $ 0.00   

WisdomTree Global SmallCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,142.60         0.43   $ 2.32   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.43   $ 2.19   

WisdomTree Strong Dollar Emerging Markets Equity Fund

          

Actual

   $ 1,000.00       $ 1,002.90         0.58   $ 2.93   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.28         0.58   $ 2.96   

WisdomTree Strong Dollar U.S. Equity Fund

          

Actual

   $ 1,000.00       $ 1,069.10         0.33   $ 1.72   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.33   $ 1.68   

WisdomTree Weak Dollar U.S. Equity Fund

          

Actual

   $ 1,000.00       $ 1,093.70         0.33   $ 1.74   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.33   $ 1.68   

WisdomTree Fundamental U.S. Corporate Bond Fund

          

Actual

   $ 1,000.00       $ 980.30         0.18 %6    $ 0.90   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,024.30         0.18 %6    $ 0.92   

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund

          

Actual

   $ 1,000.00       $ 1,062.20         0.38 %7    $ 1.98   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.29         0.38 %7    $ 1.94   

 

WisdomTree Trust Semi-Annual Report December 31, 2016      23   


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

      Beginning
Account
Value
7/1/16
     Ending
Account
Value
12/31/16
     Annualized
Expense Ratio
Based on the
Period‡
7/1/16 to
12/31/16
    Expenses Paid
During the
Period†
7/1/16 to
12/31/16
 

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

          

Actual

   $ 1,000.00       $ 996.10         0.18 %6    $ 0.91   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,024.30         0.18 %6    $ 0.92   

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

          

Actual

   $ 1,000.00       $ 1,054.00         0.38 %7    $ 1.97   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.29         0.38 %7    $ 1.94   

WisdomTree Dynamic Bearish U.S. Equity Fund

          

Actual

   $ 1,000.00       $ 1,024.70         0.48 %4    $ 2.45   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.79         0.48 %4    $ 2.45   

WisdomTree Dynamic Long/Short U.S. Equity Fund

          

Actual

   $ 1,000.00       $ 1,044.00         0.48 %4    $ 2.47   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.79         0.48 %4    $ 2.45   
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 184/365 (to reflect the one-half year period).

 

1  WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

2  WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

3  Fund commenced operations on November 3, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 59/365 (to reflect the period since commencement of operations). 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, as well as an additional 0.10%, through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

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  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  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.

 

24   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.1%      
Austria – 1.1%      

Andritz AG

     153       $ 7,697   

Erste Group Bank AG*

     318         9,333   

EVN AG

     241         2,848   

Oesterreichische Post AG*

     128         4,305   

OMV AG

     363         12,849   

Telekom Austria AG*

     365         2,160   

UNIQA Insurance Group AG

     718         5,453   

Verbund AG

     280         4,482   

Voestalpine AG

     215         8,456   
     

 

 

 
Total Austria               57,583   
Belgium – 5.4%      

Ackermans & van Haaren N.V.(a)

     12         1,672   

Ageas

     282         11,187   

Anheuser-Busch InBev S.A.

     1,679         178,067   

Bekaert S.A.

     100         4,059   

bpost S.A.

     404         9,588   

Cie d’Entreprises CFE

     39         4,256   

Cofinimmo S.A.

     44         5,042   

Colruyt S.A.

     132         6,544   

D’ieteren S.A./N.V.

     64         2,835   

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

     79         4,140   

Euronav N.V.

     597         4,772   

Melexis N.V.

     40         2,685   

Proximus SADP

     554         15,987   

Solvay S.A.

     124         14,563   

UCB S.A.

     94         6,039   

Umicore S.A.

     112         6,397   

Warehouses De Pauw CVA

     30         2,686   
     

 

 

 
Total Belgium               280,519   
Finland – 4.8%      

Amer Sports Oyj

     86         2,293   

Cargotec Oyj Class B

     48         2,171   

Elisa Oyj

     235         7,667   

Fortum Oyj

     2,210         33,963   

Huhtamaki Oyj

     92         3,423   

Kemira Oyj

     278         3,557   

Kesko Oyj Class B

     124         6,210   

Kone Oyj Class B

     510         22,899   

Konecranes Oyj

     126         4,489   

Metso Oyj

     244         6,974   

Neste Oyj

     294         11,319   

Nokia Oyj

     9,831         47,574   

Nokian Renkaat Oyj

     195         7,285   

Orion Oyj Class B

     168         7,494   

Sampo Oyj Class A

     940         42,227   

Stora Enso Oyj Class R

     819         8,820   

Tieto Oyj

     112         3,062   

UPM-Kymmene Oyj

     744         18,316   

Valmet Oyj

     184         2,713   

Wartsila Oyj Abp

     190         8,553   
     

 

 

 
Total Finland               251,009   
France – 26.4%      

Accor S.A.

     125       $ 4,671   

Aeroports de Paris

     47         5,047   

Air Liquide S.A.

     203         22,621   

Airbus Group SE

     610         40,431   

Alten S.A.

     32         2,252   

Amundi S.A.(b)

     206         10,804   

Arkema S.A.

     56         5,490   

Atos SE

     36         3,807   

AXA S.A.

     2,550         64,510   

BNP Paribas S.A.

     1,259         80,406   

Bollore S.A.

     1,170         4,134   

Bouygues S.A.

     403         14,471   

Bureau Veritas S.A.

     284         5,515   

Capgemini S.A.

     51         4,311   

Carrefour S.A.

     475         11,468   

Casino Guichard Perrachon S.A.

     143         6,876   

Christian Dior SE

     103         21,646   

Cie de Saint-Gobain

     387         18,064   

Cie Generale des Etablissements Michelin

     128         14,270   

Cie Plastic Omnium S.A.

     49         1,568   

CNP Assurances

     940         17,450   

Coface S.A.

     289         1,890   

Credit Agricole S.A.

     3,979         49,439   

Danone S.A.

     369         23,430   

Dassault Systemes SE

     64         4,887   

Edenred

     271         5,384   

Eiffage S.A.

     47         3,284   

Electricite de France S.A.

     4,010         40,942   

Engie S.A.

     3,631         46,417   

Essilor International S.A.

     39         4,416   

Euler Hermes Group

     94         8,279   

Eurazeo S.A.

     57         3,342   

Eutelsat Communications S.A.

     329         6,383   

Fonciere Des Regions

     75         6,561   

Gaztransport Et Technigaz S.A.

     59         2,557   

Groupe Eurotunnel SE Registered Shares

     238         2,268   

Havas S.A.

     253         2,135   

Hermes International

     23         9,461   

ICADE

     76         5,434   

Imerys S.A.

     64         4,865   

JCDecaux S.A.

     54         1,591   

Kering

     76         17,098   

Klepierre

     270         10,635   

L’Oreal S.A.

     235         42,980   

Legrand S.A.

     122         6,942   

LVMH Moet Hennessy Louis Vuitton SE

     259         49,555   

Metropole Television S.A.

     188         3,504   

Natixis S.A.

     5,441         30,760   

Nexity S.A.*

     84         3,939   

Orange S.A.

     2,284         34,775   

Pernod Ricard S.A.

     94         10,207   

Publicis Groupe S.A.

     122         8,435   

Remy Cointreau S.A.

     28         2,393   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      25   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Renault S.A.

     198       $ 17,649   

Rexel S.A.

     276         4,552   

Rubis SCA

     25         2,065   

Safran S.A.

     200         14,433   

Sanofi

     1,129         91,573   

Schneider Electric SE

     480         33,470   

SCOR SE

     291         10,077   

SEB S.A.

     28         3,802   

Societe BIC S.A.

     48         6,539   

Societe Generale S.A.

     969         47,776   

Sodexo S.A.

     84         9,675   

SPIE S.A.

     128         2,702   

Suez

     511         7,554   

Tarkett S.A.

     52         1,870   

Technip S.A.

     127         9,083   

Teleperformance

     28         2,814   

Television Francaise 1(a)

     87         867   

Thales S.A.

     116         11,272   

TOTAL S.A.

     2,991         153,700   

Unibail-Rodamco SE

     78         18,655   

Valeo S.A.

     98         5,645   

Veolia Environnement S.A.

     426         7,268   

Vicat S.A.

     45         2,737   

Vinci S.A.

     387         26,410   

Vivendi S.A.

     3,920         74,651   

Wendel S.A.

     24         2,896   
     

 

 

 
Total France               1,383,735   
Germany – 26.1%      

Aareal Bank AG

     84         3,169   

adidas AG

     114         18,054   

Allianz SE Registered Shares

     712         117,904   

AURELIUS Equity Opportunities SE & Co. KGaA

     40         2,347   

Aurubis AG

     36         2,081   

Axel Springer SE

     123         5,985   

BASF SE

     1,203         112,053   

Bayer AG Registered Shares

     728         76,118   

Bayerische Motoren Werke AG

     835         78,163   

Bechtle AG

     20         2,085   

Beiersdorf AG

     70         5,951   

Bertrandt AG

     18         1,835   

Brenntag AG

     89         4,956   

Carl Zeiss Meditec AG Bearer Shares

     64         2,363   

Celesio AG

     289         7,832   

Commerzbank AG

     1,343         10,264   

Continental AG

     130         25,188   

Covestro AG(b)

     95         6,531   

Daimler AG Registered Shares

     1,889         140,904   

Deutsche Boerse AG*

     164         13,413   

Deutsche Lufthansa AG Registered Shares

     645         8,347   

Deutsche Post AG Registered Shares

     1,251         41,214   

Deutsche Telekom AG Registered Shares

     5,348         92,255   

Deutsche Wohnen AG Bearer Shares

     248         7,805   

DMG MORI AG

     60         2,731   

Drillisch AG(a)

     88         3,796   

Duerr AG

     35       $ 2,818   

E.ON SE

     3,705         26,183   

ElringKlinger AG(a)

     53         887   

Evonik Industries AG

     636         19,038   

Fielmann AG

     64         4,236   

Fraport AG Frankfurt Airport Services Worldwide

     69         4,088   

Freenet AG

     275         7,762   

Fresenius Medical Care AG & Co. KGaA

     99         8,401   

Fresenius SE & Co. KGaA

     147         11,514   

Fuchs Petrolub SE

     48         1,871   

GEA Group AG

     98         3,952   

Hamburger Hafen und Logistik AG

     151         2,819   

Hannover Rueck SE

     200         21,686   

HeidelbergCement AG

     89         8,320   

Hella KGaA Hueck & Co.

     112         4,234   

Henkel AG & Co. KGaA

     136         14,198   

Hochtief AG

     75         10,525   

Hugo Boss AG

     138         8,461   

Infineon Technologies AG

     480         8,359   

K+S AG Registered Shares

     344         8,233   

KION Group AG

     52         2,899   

Krones AG

     10         917   

LANXESS AG

     36         2,367   

LEG Immobilien AG*

     64         4,982   

Linde AG

     151         24,862   

MAN SE

     131         13,034   

Merck KGaA

     93         9,726   

METRO AG

     337         11,227   

MTU Aero Engines AG

     18         2,085   

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     253         47,940   

NORMA Group SE

     8         342   

OSRAM Licht AG

     76         3,994   

ProSiebenSat.1 Media SE

     299         11,546   

Rheinmetall AG

     22         1,483   

SAP SE

     615         53,716   

Siemens AG Registered Shares

     1,026         126,398   

Software AG

     58         2,110   

STADA Arzneimittel AG

     56         2,905   

Suedzucker AG

     122         2,920   

Symrise AG

     53         3,233   

Talanx AG*

     424         14,208   

Telefonica Deutschland Holding AG

     5,815         24,963   

ThyssenKrupp AG

     113         2,698   

TUI AG

     816         11,460   

United Internet AG Registered Shares

     109         4,265   

Volkswagen AG

     24         3,462   

Wacker Chemie AG

     38         3,962   

Wacker Neuson SE

     94         1,528   
     

 

 

 
Total Germany               1,366,161   
Ireland – 0.7%      

C&C Group PLC

     338         1,373   

CRH PLC

     621         21,585   

Glanbia PLC

     119         1,981   

 

See Notes to Financial Statements.

 

26   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Kerry Group PLC Class A

     35       $ 2,507   

Paddy Power Betfair PLC

     20         2,141   

Smurfit Kappa Group PLC

     216         4,965   
     

 

 

 
Total Ireland               34,552   
Italy – 10.1%      

A2A SpA

     2,749         3,566   

ACEA SpA

     258         3,143   

Anima Holding SpA(b)

     476         2,591   

Assicurazioni Generali SpA

     2,716         40,450   

Atlantia SpA

     1,028         24,136   

Azimut Holding SpA

     96         1,606   

Banca Generali SpA

     199         4,756   

Banca Mediolanum SpA

     1,087         7,831   

Banca Popolare di Milano SCARL(a)

     8,046         3,041   

Banca Popolare di Sondrio SCPA

     1,423         4,695   

Banco Popolare SC

     447         1,081   

BPER Banca

     881         4,702   

Brembo SpA

     56         3,396   

Davide Campari-Milano SpA

     320         3,136   

De’ Longhi SpA

     142         3,382   

DiaSorin SpA

     40         2,373   

Enel SpA

     13,641         60,256   

Eni SpA

     6,810         111,119   

FinecoBank Banca Fineco SpA

     854         4,801   

Hera SpA

     1,635         3,780   

Industria Macchine Automatiche SpA

     52         3,159   

Infrastrutture Wireless Italiane SpA(b)

     668         3,102   

Intesa Sanpaolo SpA

     32,186         82,358   

Intesa Sanpaolo SpA RSP

     2,099         4,946   

Iren SpA

     2,290         3,758   

Luxottica Group SpA

     288         15,523   

MARR SpA

     116         2,123   

Mediobanca SpA

     1,345         11,002   

Moncler SpA

     85         1,482   

Parmalat SpA

     440         1,375   

Poste Italiane SpA(b)

     1,880         12,502   

Prysmian SpA

     200         5,147   

Recordati SpA

     196         5,565   

Salvatore Ferragamo SpA(a)

     171         4,045   

Saras SpA

     3,206         5,816   

Snam SpA

     5,915         24,419   

Societa Cattolica di Assicurazioni SCRL

     361         2,121   

Societa Iniziative Autostradali e Servizi SpA

     331         2,828   

Telecom Italia SpA RSP

     8,525         6,177   

Terna Rete Elettrica Nazionale SpA

     2,752         12,632   

Unione di Banche Italiane SpA(a)

     929         2,559   

Unipol Gruppo Finanziario SpA

     1,693         6,114   

UnipolSai SpA

     7,661         16,403   
     

 

 

 
Total Italy         528,997   
Netherlands – 6.8%   

Aalberts Industries N.V.

     74         2,406   

ABN AMRO Group N.V. CVA(b)

     693         15,386   

Aegon N.V.

     3,896         21,483   

Akzo Nobel N.V.

     212       $ 13,280   

Arcadis N.V.

     106         1,490   

ASM International N.V.

     60         2,698   

ASML Holding N.V.

     173         19,461   

BE Semiconductor Industries N.V.

     79         2,636   

Boskalis Westminster

     206         7,168   

Flow Traders(b)

     104         3,591   

Gemalto N.V.

     16         927   

GrandVision N.V.(b)

     73         1,610   

Heineken Holding N.V.

     181         12,627   

Heineken N.V.

     304         22,849   

ING Groep N.V.

     7,336         103,452   

Koninklijke Ahold Delhaize N.V.

     985         20,810   

Koninklijke DSM N.V.

     213         12,797   

Koninklijke KPN N.V.

     3,144         9,332   

Koninklijke Philips N.V.

     1,068         32,668   

Koninklijke Vopak N.V.

     104         4,922   

NN Group N.V.

     574         19,492   

Randstad Holding N.V.

     215         11,685   

Wolters Kluwer N.V.

     308         11,182   
     

 

 

 
Total Netherlands         353,952   
Portugal – 1.1%   

CTT-Correios de Portugal S.A.

     207         1,407   

EDP—Energias de Portugal S.A.

     7,774         23,730   

Galp Energia, SGPS, S.A.

     999         14,952   

Jeronimo Martins, SGPS, S.A.

     504         7,836   

Navigator Co. S.A. (The)

     1,720         5,923   

NOS, SGPS S.A.

     340         2,022   
     

 

 

 
Total Portugal         55,870   
Spain – 15.7%   

Abertis Infraestructuras S.A.

     1,643         23,040   

Acciona S.A.

     56         4,130   

Acerinox S.A.

     380         5,052   

ACS Actividades de Construccion y Servicios S.A.

     485         15,357   

Almirall S.A.

     141         2,195   

Amadeus IT Group S.A.

     261         11,884   

Atresmedia Corp. de Medios de Comunicacion S.A.

     269         2,948   

Banco Bilbao Vizcaya Argentaria S.A.

     13,078         88,475   

Banco de Sabadell S.A.

     7,434         10,374   

Banco Santander S.A.

     22,523         117,807   

Bankia S.A.

     22,467         23,010   

Bankinter S.A.

     781         6,063   

Bolsas y Mercados Espanoles SHMSF S.A.

     219         6,467   

CaixaBank S.A.

     12,776         42,313   

Cia de Distribucion Integral Logista Holdings S.A.

     142         3,295   

Distribuidora Internacional de Alimentacion S.A.

     674         3,316   

Ebro Foods S.A.

     220         4,619   

EDP Renovaveis S.A.

     129         821   

Enagas S.A.

     390         9,924   

Endesa S.A.(a)

     1,471         31,225   

Ferrovial S.A.

     965         17,298   

Gas Natural SDG S.A.

     1,704         32,190   

Grifols S.A.

     203         4,042   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      27   


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Grupo Catalana Occidente S.A.

     91       $ 2,986   

Iberdrola S.A.

     9,278         61,006   

Industria de Diseno Textil S.A.

     1,913         65,435   

Mapfre S.A.

     6,815         20,846   

Mediaset Espana Comunicacion S.A.

     542         6,374   

Obrascon Huarte Lain S.A.(a)

     80         278   

Prosegur Cia de Seguridad S.A.

     640         4,010   

Red Electrica Corp. S.A.

     651         12,308   

Repsol S.A.

     3,113         44,064   

Sacyr S.A.*

     1,948         4,561   

Telefonica S.A.

     13,967         129,933   

Zardoya Otis S.A.

     416         3,523   
     

 

 

 
Total Spain         821,169   
Switzerland – 0.4%   

STMicroelectronics N.V.

     1,941         22,110   
United Kingdom – 1.5%   

CNH Industrial N.V.

     1,074         9,362   

Unilever N.V. CVA

     1,718         70,879   
     

 

 

 
Total United Kingdom         80,241   

TOTAL COMMON STOCKS

(Cost: $4,793,843)

  

  

     5,235,898   
RIGHTS – 0.0%   
Spain – 0.0%   

Repsol S.A., expiring 1/12/17*

(Cost $1,085)

     3,113         1,156   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%   
United States – 0.3%   

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(c)

(Cost: $17,196)(d)

     17,196         17,196   

TOTAL INVESTMENTS IN SECURITIES – 100.4%

(Cost: $4,812,124)

  

  

     5,254,250   

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

   

     (20,723
     

 

 

 
NET ASSETS—100.0%       $ 5,233,527   
*  Non-income producing security.

 

(a)  Security, or portion thereof, was on loan at December 31, 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 December 31, 2016.

 

(d)  At December 31, 2016, the total market value of the Fund’s securities on loan was $39,540 and the total market value of the collateral held by the Fund was $41,864. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $24,668. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

CVA - Certificaten Van Aandelen (Certificate of Stock)

 

RSP - Risparmio Italian Savings Shares
FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

 

Contracts

To Deliver

   

In

Exchange For

    Unrealized
Gain
(Loss)
 

1/3/2017

    EUR        612,468        USD        650,896      $ 4,895   

1/3/2017

    EUR        803,847        USD        854,296        6,439   

1/3/2017

    EUR        803,854        USD        854,296        6,431   

1/3/2017

    EUR        803,858        USD        854,296        6,427   

1/3/2017

    EUR        803,861        USD        854,296        6,424   

1/3/2017

    EUR        1,787        USD        1,880        (5

1/3/2017

    USD        22,839        EUR        21,259        (416

1/3/2017

    USD        17,790        EUR        16,987        127   

1/3/2017

    USD        1,006,862        EUR        954,626        30   

1/3/2017

    USD        1,047,137        EUR        992,810        30   

1/3/2017

    USD        926,315        EUR        878,248        17   

1/3/2017

    USD        1,047,137        EUR        992,782          

2/2/2017

    EUR        822,607        USD        868,935        3   

2/2/2017

    EUR        855,489        USD        903,692        25   

2/2/2017

    EUR        756,864        USD        799,422        (65

2/2/2017

    EUR        855,469        USD        903,692        47   
                                    $ 30,409   
CURRENCY LEGEND  
EUR    Euro
USD    U.S. dollar

 

See Notes to Financial Statements.

 

28   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Australia – 7.7%      

AGL Energy Ltd.

     14,652       $ 234,364   

Amcor Ltd.

     25,201         272,808   

Ansell Ltd.

     3,632         64,986   

Aristocrat Leisure Ltd.

     16,577         186,053   

Asaleo Care Ltd.

     49,974         53,555   

ASX Ltd.

     5,448         196,219   

Aurizon Holdings Ltd.

     55,875         204,318   

Australia & New Zealand Banking Group Ltd.

     96,859         2,133,525   

Bank of Queensland Ltd.

     8,577         73,720   

Bendigo & Adelaide Bank Ltd.

     6,355         58,487   

BHP Billiton Ltd.

     117,990         2,141,040   

Boral Ltd.

     29,060         113,839   

Brickworks Ltd.

     7,209         70,940   

Caltex Australia Ltd.

     2,044         45,083   

carsales.com Ltd.

     483         3,970   

CIMIC Group Ltd.

     5,422         137,177   

Cleanaway Waste Management Ltd.

     135,787         120,938   

Cochlear Ltd.

     891         79,066   

Commonwealth Bank of Australia

     45,613         2,721,868   

Computershare Ltd.

     15,888         143,346   

Cover-More Group Ltd.

     92,603         129,414   

Crown Resorts Ltd.

     17,712         148,516   

CSL Ltd.

     4,991         362,880   

CSR Ltd.

     37,473         125,360   

Downer EDI Ltd.

     34,739         153,191   

Fairfax Media Ltd.

     163,287         105,230   

Fortescue Metals Group Ltd.

     59,092         252,024   

Genworth Mortgage Insurance Australia Ltd.

     25,246         59,778   

GrainCorp Ltd. Class A

     1,812         12,543   

Harvey Norman Holdings Ltd.

     41,771         155,466   

Healthscope Ltd.

     43,360         71,899   

Iluka Resources Ltd.

     17,967         94,582   

Incitec Pivot Ltd.

     38,597         100,613   

Insurance Australia Group Ltd.

     96,055         416,625   

IOOF Holdings Ltd.

     8,397         55,999   

IRESS Ltd.

     12,256         105,341   

JB Hi-Fi Ltd.

     3,882         78,819   

Macquarie Group Ltd.

     7,922         499,748   

Magellan Financial Group Ltd.

     5,902         101,584   

National Australia Bank Ltd.

     85,065         1,889,136   

Navitas Ltd.

     27,470         99,057   

NIB Holdings Ltd.

     8,762         30,137   

Nine Entertainment Co. Holdings Ltd.(a)

     103,927         80,145   

Perpetual Ltd.

     4,286         151,326   

Platinum Asset Management Ltd.

     28,833         110,236   

Premier Investments Ltd.

     12,484         130,533   

Primary Health Care Ltd.

     33,827         99,936   

QBE Insurance Group Ltd.

     31,140         280,052   

Qube Holdings Ltd.(a)

     54,285         95,911   

REA Group Ltd.

     3,179         127,135   

Rio Tinto Ltd.

     18,182         788,618   

Select Harvests Ltd.(a)

     12,256         58,927   

Seven West Media Ltd.

     52,107       30,373   

Slater & Gordon Ltd.*(a)

     101,438         16,527   

Sonic Healthcare Ltd.

     12,710         196,951   

Star Entertainment Grp Ltd. (The)

     11,689         43,759   

Steadfast Group Ltd.

     69,721         111,572   

Suncorp Group Ltd.

     40,408         395,587   

Super Retail Group Ltd.

     10,667         79,943   

Tabcorp Holdings Ltd.

     32,239         112,286   

Tatts Group Ltd.

     41,724         135,351   

Technology One Ltd.

     27,471         112,388   

Telstra Corp., Ltd.

     367,586         1,357,462   

TPG Telecom Ltd.

     11,802         58,283   

Treasury Wine Estates Ltd.

     9,261         71,619   

Wesfarmers Ltd.

     27,481         838,543   

Westpac Banking Corp.

     102,019         2,408,225   

Woodside Petroleum Ltd.

     23,366         527,206   

Woolworths Ltd.

     32,346         564,464   
     

 

 

 
Total Australia               23,086,602   
Austria – 0.3%      

EVN AG

     22,653         267,724   

OMV AG

     11,349         401,725   

Voestalpine AG

     8,931         351,271   
     

 

 

 
Total Austria               1,020,720   
Belgium – 1.5%      

Ackermans & van Haaren N.V.(a)

     2,043         284,656   

Ageas

     7,036         279,112   

Anheuser-Busch InBev S.A.

     27,697         2,937,408   

bpost S.A.

     6,810         161,614   

Colruyt S.A.

     4,767         236,341   

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

     4,118         215,805   

Euronav N.V.

     7,390         59,075   

Proximus SADP

     12,843         370,623   

UCB S.A.

     1,568         100,736   
     

 

 

 
Total Belgium               4,645,370   
China – 2.9%      

Beijing Enterprises Holdings Ltd.

     27,000         127,632   

China Everbright International Ltd.

     95,000         107,705   

China Jinmao Holdings Group Ltd.

     454,000         122,384   

China Mobile Ltd.

     355,000         3,763,761   

China Overseas Land & Investment Ltd.

     148,000         392,279   

China Power International Development Ltd.

     403,000         146,061   

China Resources Power Holdings Co., Ltd.

     174,000         276,491   

China South City Holdings Ltd.

     454,000         94,862   

China Unicom Hong Kong Ltd.

     278,000         323,783   

CITIC Ltd.

     512,000         733,018   

CNOOC Ltd.

     1,304,000         1,631,440   

Fosun International Ltd.

     113,500         160,739   

Guotai Junan International Holdings Ltd.

     228,000         70,284   

Lenovo Group Ltd.

     526,000         318,864   

Shanghai Industrial Holdings Ltd.

     68,000         184,183   

Shenzhen Investment Ltd.

     332,000         133,174   
     

 

 

 
Total China               8,586,660   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      29   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Denmark – 1.0%      

AP Moller – Maersk A/S Class B

     167       $ 266,980   

Coloplast A/S Class B

     3,632         245,395   

Danske Bank A/S

     16,353         496,885   

DSV A/S

     1,363         60,749   

GN Store Nord A/S

     3,177         65,933   

Novo Nordisk A/S Class B

     21,001         758,765   

Novozymes A/S Class B

     2,270         78,409   

Pandora A/S

     1,586         207,880   

Rockwool International A/S Class B

     454         80,244   

Royal Unibrew A/S

     5,249         202,974   

SimCorp A/S

     2,200         107,417   

Sydbank A/S

     2,497         77,642   

Tryg A/S

     8,853         160,369   

Vestas Wind Systems A/S

     2,270         147,801   
     

 

 

 
Total Denmark               2,957,443   
Finland – 1.4%      

Elisa Oyj

     6,583         214,760   

F-Secure Oyj

     24,896         91,382   

Fortum Oyj

     32,469         498,974   

Kesko Oyj Class B

     4,285         214,591   

Kone Oyj Class B

     12,256         550,303   

Metso Oyj

     6,582         188,138   

Neste Oyj

     4,993         192,222   

Nokia Oyj

     161,337         780,741   

Nokian Renkaat Oyj

     4,539         169,574   

Orion Oyj Class B

     4,540         202,508   

Sampo Oyj Class A

     13,311         597,954   

Tieto Oyj

     5,674         155,122   

UPM-Kymmene Oyj

     18,846         463,948   
     

 

 

 
Total Finland               4,320,217   
France – 11.4%      

Accor S.A.

     3,434         128,328   

Aeroports de Paris

     1,590         170,724   

Air Liquide S.A.

     3,738         416,542   

Airbus Group SE

     12,073         800,204   

Alten S.A.

     2,043         143,772   

Arkema S.A.

     1,362         133,515   

AXA S.A.

     65,856         1,666,037   

BioMerieux

     323         48,343   

BNP Paribas S.A.

     29,864         1,907,268   

Bouygues S.A.

     9,305         334,133   

Bureau Veritas S.A.

     9,204         178,723   

Capgemini S.A.

     1,816         153,521   

Casino Guichard Perrachon S.A.

     3,631         174,600   

Christian Dior SE

     2,960         622,070   

Cie de Saint-Gobain

     10,441         487,365   

CNP Assurances

     19,754         366,705   

Credit Agricole S.A.

     75,021         932,132   

Danone S.A.

     9,894         628,229   

Dassault Systemes SE

     1,590         121,402   

Edenred

     8,170         162,307   

Electricite de France S.A.(a)

     96,541         985,682   

Elior Group(b)

     4,312       98,784   

Engie S.A.

     77,900         995,840   

Essilor International S.A.

     1,817         205,734   

Eutelsat Communications S.A.

     11,513         223,377   

Gaztransport Et Technigaz S.A.

     1,362         59,036   

Havas S.A.

     23,340         196,943   

Hermes International

     854         351,295   

Iliad S.A.

     227         43,732   

Imerys S.A.

     3,868         294,029   

Ingenico Group S.A.

     454         36,331   

Ipsen S.A.

     2,043         148,038   

Kering

     2,291         515,425   

Klepierre

     6,898         271,710   

L’Oreal S.A.

     6,207         1,135,221   

Legrand S.A.

     5,124         291,575   

LVMH Moet Hennessy Louis Vuitton SE

     7,228         1,382,945   

Metropole Television S.A.

     14,793         275,704   

Natixis S.A.

     126,716         716,384   

Neopost S.A.

     2,725         85,421   

Nexity S.A.*

     2,097         98,337   

Orange S.A.

     59,003         898,339   

Pernod Ricard S.A.

     2,498         271,249   

Publicis Groupe S.A.

     2,271         157,014   

Rallye S.A.

     1,783         34,641   

Remy Cointreau S.A.

     1,388         118,613   

Renault S.A.

     4,985         444,348   

Rexel S.A.

     4,180         68,932   

Rubis SCA

     561         46,349   

Safran S.A.

     6,360         458,976   

Sanofi

     29,793         2,416,518   

Schneider Electric SE

     13,430         936,467   

Societe BIC S.A.

     1,997         272,033   

Societe Generale S.A.

     25,830         1,273,530   

Sodexo S.A.

     2,043         235,310   

Suez

     5,391         79,691   

Technip S.A.

     1,165         83,324   

Teleperformance

     1,363         137,006   

Television Francaise 1(a)

     8,399         83,725   

Thales S.A.

     3,179         308,916   

TOTAL S.A.

     82,182         4,223,121   

Unibail-Rodamco SE

     1,362         325,742   

Valeo S.A.

     3,450         198,720   

Veolia Environnement S.A.

     15,209         259,474   

Vicat S.A.

     2,249         136,777   

Vinci S.A.

     13,056         890,972   

Vivendi S.A.

     95,428         1,817,284   
     

 

 

 
Total France               34,164,534   
Germany – 7.9%      

adidas AG

     1,817         287,760   

Allianz SE Registered Shares

     12,454         2,062,329   

AURELIUS Equity Opportunities SE & Co. KGaA

     1,363         79,961   

Axel Springer SE

     3,404         165,624   

BASF SE

     20,976         1,953,809   

 

See Notes to Financial Statements.

 

30   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Bayer AG Registered Shares

     11,646       $ 1,217,675   

Bayerische Motoren Werke AG

     9,445         884,138   

Bechtle AG

     1,363         142,066   

Beiersdorf AG

     2,755         234,210   

Bertrandt AG

     682         69,546   

Brenntag AG

     2,725         151,757   

Carl Zeiss Meditec AG Bearer Shares

     4,313         159,220   

Celesio AG

     14,679         397,827   

Comdirect Bank AG

     1,915         19,455   

Commerzbank AG

     33,121         253,134   

Continental AG

     1,989         385,384   

CTS Eventim AG & Co. KGaA

     4,085         129,044   

Daimler AG Registered Shares

     31,257         2,331,519   

Deutsche Boerse AG*

     3,406         278,561   

Deutsche Post AG Registered Shares

     23,613         777,933   

Deutsche Telekom AG Registered Shares

     95,832         1,653,144   

Deutsche Wohnen AG Bearer Shares

     7,036         221,449   

DMG MORI AG

     3,177         144,627   

Drillisch AG(a)

     456         19,669   

Duerr AG

     1,362         109,682   

E.ON SE

     42,679         301,605   

Evonik Industries AG

     9,305         278,534   

Fielmann AG

     2,725         180,356   

Fraport AG Frankfurt Airport Services Worldwide

     2,270         134,487   

Freenet AG

     1,591         44,906   

GEA Group AG

     4,539         183,026   

Gerresheimer AG

     682         50,800   

Hamburger Hafen und Logistik AG

     2,933         54,756   

Hannover Rueck SE

     3,177         344,477   

Henkel AG & Co. KGaA

     3,404         355,375   

Hochtief AG

     1,150         161,385   

Hugo Boss AG

     2,206         135,256   

Infineon Technologies AG

     16,350         284,718   

K+S AG Registered Shares(a)

     4,312         103,196   

Krones AG

     1,363         124,929   

KUKA AG(a)

     908         84,805   

LEG Immobilien AG*

     1,816         141,358   

Linde AG

     2,530         416,556   

MAN SE

     2,725         271,123   

Merck KGaA

     2,902         303,487   

METRO AG

     7,490         249,524   

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     2,411         458,503   

OSRAM Licht AG

     2,270         119,295   

ProSiebenSat.1 Media SE

     6,128         236,629   

RHOEN-KLINIKUM AG

     5,221         141,306   

SAP SE

     12,939         1,130,142   

Siemens AG Registered Shares

     16,291         2,006,966   

Software AG

     3,179         115,630   

Suedzucker AG

     6,129         146,681   

Talanx AG

     7,717         258,592   

Telefonica Deutschland Holding AG

     61,805         265,318   

Volkswagen AG

     2,061         297,273   

Wacker Chemie AG

     1,136         118,442   

Wirecard AG(a)

     1,135       48,951   
     

 

 

 
Total Germany               23,677,910   
Hong Kong – 2.7%      

AIA Group Ltd.

     115,400         651,187   

Bank of East Asia Ltd. (The)(a)

     90,800         347,828   

BOC Hong Kong Holdings Ltd.

     295,000         1,055,861   

CLP Holdings Ltd.

     87,500         804,109   

Dah Sing Banking Group Ltd.

     90,800         167,004   

Hang Seng Bank Ltd.

     45,500         846,836   

Hong Kong & China Gas Co., Ltd.

     246,300         436,489   

Hong Kong Exchanges & Clearing Ltd.

     22,400         529,292   

MTR Corp., Ltd.

     114,000         554,330   

New World Development Co., Ltd.

     294,000         310,945   

Power Assets Holdings Ltd.

     74,500         656,775   

Sino Land Co., Ltd.

     448,000         671,438   

Sun Hung Kai Properties Ltd.

     46,000         581,441   

Techtronic Industries Co., Ltd.

     13,000         46,613   

Wharf Holdings Ltd. (The)

     73,000         485,370   
     

 

 

 
Total Hong Kong               8,145,518   
Ireland – 0.2%      

CRH PLC

     10,167         353,398   

Grafton Group PLC

     153         1,040   

Greencore Group PLC

     18,820         57,323   

Paddy Power Betfair PLC

     1,814         194,201   

Smurfit Kappa Group PLC

     5,312         122,114   
     

 

 

 
Total Ireland               728,076   
Israel – 0.6%      

Bank Hapoalim BM

     23,532         140,080   

Delek Automotive Systems Ltd.

     23,283         205,749   

First International Bank of Israel Ltd.

     4,767         69,982   

Frutarom Industries Ltd.

     1,135         58,126   

Harel Insurance Investments & Financial Services Ltd.

     32,237         148,258   

Israel Chemicals Ltd.

     67,683         277,861   

Mizrahi Tefahot Bank Ltd.

     8,933         130,793   

Nice Ltd.

     909         62,023   

Teva Pharmaceutical Industries Ltd.

     16,275         584,837   
     

 

 

 
Total Israel               1,677,709   
Italy – 3.0%      

A2A SpA

     113,318         147,012   

ACEA SpA

     10,937         133,239   

Anima Holding SpA(b)

     24,866         135,333   

Ansaldo STS SpA

     23,130         288,853   

Ascopiave SpA

     26,790         76,971   

Assicurazioni Generali SpA

     41,001         610,631   

Atlantia SpA

     18,165         426,491   

Banca Mediolanum SpA

     21,796         157,017   

Banca Popolare di Milano SCARL

     1,620         612   

Banco Popolare SC

     37,370         90,342   

BPER Banca

     16,999         90,724   

Cementir Holding SpA

     6,377         28,263   

Credito Valtellinese SC

     82,570         32,441   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      31   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Davide Campari-Milano SpA

     1,180       $ 11,562   

De’ Longhi SpA

     1,816         43,250   

DiaSorin SpA

     2,497         148,146   

Enel SpA

     205,290         906,826   

Eni SpA

     124,332         2,028,723   

ERG SpA

     424         4,562   

FinecoBank Banca Fineco SpA

     14,309         80,443   

Hera SpA

     55,421         128,134   

Intesa Sanpaolo SpA

     486,647         1,245,244   

Iren SpA

     104,009         170,699   

Luxottica Group SpA

     5,276         284,364   

Parmalat SpA

     97,576         304,844   

Poste Italiane SpA(b)

     18,646         124,000   

Recordati SpA

     6,393         181,522   

Snam SpA

     111,503         460,317   

Telecom Italia SpA RSP

     88,846         64,379   

Terna Rete Elettrica Nazionale SpA

     94,449         433,547   

Unione di Banche Italiane SpA(a)

     42,014         115,749   
     

 

 

 
Total Italy               8,954,240   
Japan – 17.3%      

AIT Corp.

     15,500         144,986   

Alpen Co., Ltd.(a)

     4,400         79,108   

Amada Holdings Co., Ltd.

     45,200         505,732   

Astellas Pharma, Inc.

     50,600         704,326   

Bank of Kyoto Ltd. (The)

     26,000         193,493   

Benesse Holdings, Inc.

     5,300         146,320   

Bridgestone Corp.

     14,800         534,721   

Canon, Inc.(a)

     49,900         1,409,701   

Chiba Bank Ltd. (The)

     34,000         209,011   

Dai-ichi Life Holdings, Inc.

     22,700         378,739   

Daicel Corp.

     22,700         251,065   

Daido Steel Co., Ltd.

     40,000         165,988   

Daiwa House Industry Co., Ltd.

     6,200         169,891   

Daiwa Securities Group, Inc.

     69,000         426,122   

Eagle Industry Co., Ltd.

     12,900         171,764   

FANUC Corp.

     3,400         577,622   

Fast Retailing Co., Ltd.

     1,200         430,368   

Fuji Heavy Industries Ltd.

     22,400         916,473   

Fujitsu Ltd.

     43,000         239,452   

Fukuoka Financial Group, Inc.

     32,000         142,393   

Gfoot Co., Ltd.

     12,900         89,034   

Goldcrest Co., Ltd.

     1,700         30,652   

Gunma Bank Ltd. (The)

     50,200         275,458   

Hachijuni Bank Ltd. (The)

     51,900         301,695   

Hiday Hidaka Corp.

     3,000         71,737   

Hitachi Chemical Co., Ltd.

     22,700         568,887   

Hitachi Ltd.

     141,000         764,024   

Hitachi Metals Ltd.

     21,100         286,555   

Hokuhoku Financial Group, Inc.

     21,300         368,347   

Honda Motor Co., Ltd.

     43,600         1,276,581   

Hulic Co., Ltd.

     22,700         202,215   

Idemitsu Kosan Co., Ltd.

     8,000         212,972   

Iida Group Holdings Co., Ltd.

     7,400         140,659   

Isetan Mitsukoshi Holdings Ltd.

     28,700         310,044   

Isuzu Motors Ltd.

     28,800       365,695   

ITOCHU Corp.

     45,500         605,444   

Iyo Bank Ltd. (The)

     22,900         158,249   

J. Front Retailing Co., Ltd.

     23,900         322,738   

Japan Airlines Co., Ltd.

     7,700         225,451   

Japan Asia Group Ltd.

     24,600         91,326   

Japan Aviation Electronics Industry Ltd.(a)

     6,000         84,674   

Japan Post Holdings Co., Ltd.

     58,400         730,532   

Japan Post Insurance Co., Ltd.

     18,500         397,012   

Japan Tobacco, Inc.

     27,100         893,149   

JSR Corp.

     22,700         358,692   

Kappa Create Co., Ltd.

     6,200         69,477   

Kawasaki Heavy Industries Ltd.

     131,000         412,200   

KDDI Corp.

     39,400         999,737   

Keihanshin Building Co., Ltd.

     17,700         92,723   

Keiyo Co., Ltd.(a)

     113,100         543,027   

KFC Holdings Japan Ltd.

     7,700         126,424   

Komatsu Ltd.

     40,800         926,120   

Kuraray Co., Ltd.

     22,800         343,266   

Mazda Motor Corp.

     15,200         249,174   

McDonald’s Holdings Co., Japan Ltd.(a)

     7,400         194,144   

Minebea Co., Ltd.

     34,600         325,131   

Mitsubishi Chemical Holdings Corp.

     67,900         441,276   

Mitsubishi Corp.

     45,400         969,229   

Mitsubishi Heavy Industries Ltd.

     147,000         671,258   

Mitsubishi Materials Corp.

     8,900         273,940   

Mitsubishi Motors Corp.

     42,600         243,251   

Mitsubishi Tanabe Pharma Corp.

     7,300         143,515   

Mitsubishi UFJ Financial Group, Inc.

     283,000         1,747,474   

Mitsui & Co., Ltd.

     68,200         939,661   

Mitsui Mining & Smelting Co., Ltd.

     183,000         464,423   

Mizuho Financial Group, Inc.

     703,600         1,265,617   

Modec, Inc.

     3,300         52,852   

MOS Food Services, Inc.

     4,500         135,422   

MS&AD Insurance Group Holdings, Inc.

     17,600         546,855   

Murata Manufacturing Co., Ltd.

     1,800         241,523   

Nachi-Fujikoshi Corp.

     68,000         295,589   

Nagaileben Co., Ltd.

     3,100         67,802   

Nakanishi, Inc.

     2,300         89,133   

NGK Spark Plug Co., Ltd.

     17,600         392,033   

Nippon Telegraph & Telephone Corp.

     37,100         1,562,440   

Nissan Motor Co., Ltd.

     113,800         1,146,928   

NOK Corp.

     9,400         190,684   

Nomura Real Estate Holdings, Inc.

     22,500         383,504   

NTN Corp.

     87,000         352,819   

NTT DOCOMO, Inc.

     73,000         1,666,730   

Oji Holdings Corp.

     45,000         183,650   

Panasonic Corp.

     53,100         541,539   

Raysum Co., Ltd.(a)

     10,100         67,457   

Resona Holdings, Inc.

     90,400         464,653   

SAMTY Co., Ltd.

     14,300         139,156   

Sega Sammy Holdings, Inc.

     22,800         339,943   

Seiko Epson Corp.

     22,600         479,573   

Seiko Holdings Corp.

     11,000         39,045   

 

See Notes to Financial Statements.

 

32   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Sekisui House Ltd.

     24,100       $ 401,994   

Shin-Etsu Chemical Co., Ltd.

     13,000         1,010,597   

SoftBank Group Corp.

     5,800         386,136   

Sojitz Corp.

     113,500         276,366   

Sompo Holdings, Inc.

     13,800         468,539   

Sony Financial Holdings, Inc.

     22,100         345,612   

Sparx Group Co., Ltd.(a)

     41,700         81,158   

Sumco Corp.

     13,700         177,365   

Sumitomo Metal Mining Co., Ltd.

     35,000         452,223   

Sumitomo Mitsui Financial Group, Inc.

     37,800         1,445,432   

Sumitomo Mitsui Trust Holdings, Inc.

     14,100         505,683   

Sumitomo Rubber Industries Ltd.

     17,500         278,476   

Suzuki Motor Corp.

     9,100         320,979   

T&D Holdings, Inc.

     22,800         302,117   

Tabuchi Electric Co., Ltd.

     47,200         161,063   

Takeda Pharmaceutical Co., Ltd.

     16,600         688,138   

Tokai Tokyo Financial Holdings, Inc.

     64,500         343,970   

Tokio Marine Holdings, Inc.

     19,600         805,947   

Tokyo Electron Ltd.

     2,200         208,334   

Tokyu Fudosan Holdings Corp.

     19,700         116,543   

Toyo Tire & Rubber Co., Ltd.

     14,900         185,875   

Toyota Motor Corp.

     75,474         4,450,724   

Unizo Holdings Co., Ltd.

     2,400         63,480   

Yahoo Japan Corp.

     113,600         437,316   

Yamaha Corp.

     9,900         303,022   

Yokohama Rubber Co., Ltd. (The)

     6,600         118,606   
     

 

 

 
Total Japan               52,085,189   
Netherlands – 2.0%      

Aalberts Industries N.V.

     1,590         51,687   

Aegon N.V.

     44,392         244,788   

Akzo Nobel N.V.

     3,428         214,735   

Arcadis N.V.

     3,567         50,151   

ASM International N.V.

     3,632         163,328   

BE Semiconductor Industries N.V.

     2,516         83,965   

BinckBank N.V.

     2,532         14,683   

Brunel International N.V.

     5,902         95,805   

Corbion N.V.

     3,177         85,214   

Euronext N.V.(b)

     1,752         72,448   

Gemalto N.V.

     909         52,655   

Heineken N.V.

     7,202         541,313   

IMCD Group N.V.

     2,043         87,250   

ING Groep N.V.

     114,670         1,617,077   

Koninklijke Ahold Delhaize N.V.

     30,369         641,595   

Koninklijke DSM N.V.

     3,026         181,798   

Koninklijke KPN N.V.

     59,499         176,597   

Koninklijke Philips N.V.

     16,913         517,331   

Koninklijke Vopak N.V.

     1,362         64,466   

NN Group N.V.

     11,628         394,860   

Randstad Holding N.V.

     2,272         123,486   

Steinhoff International Holdings N.V.

     39,675         205,219   

Wessanen

     6,013         84,415   

Wolters Kluwer N.V.

     6,178         224,289   
     

 

 

 
Total Netherlands               5,989,155   
New Zealand – 0.5%      

Contact Energy Ltd.

     66,007       214,484   

EBOS Group Ltd.

     8,098         94,301   

Freightways Ltd.

     34,204         160,991   

Genesis Energy Ltd.

     115,589         169,260   

Kiwi Property Group Ltd.

     125,117         120,833   

Mainfreight Ltd.

     5,448         78,675   

Mercury NZ Ltd.

     55,231         113,997   

Metlifecare Ltd.

     37,917         146,739   

Port of Tauranga Ltd.(a)

     68,097         182,814   

Trustpower Ltd.

     33,445         110,543   

Z Energy Ltd.

     21,190         107,272   
     

 

 

 
Total New Zealand               1,499,909   
Norway – 1.6%      

Atea ASA*

     950         8,774   

Austevoll Seafood ASA

     21,342         207,650   

DNB ASA

     24,521         365,777   

Entra ASA(b)

     10,643         106,026   

Gjensidige Forsikring ASA

     14,525         231,180   

Kongsberg Gruppen ASA

     6,586         95,259   

Leroy Seafood Group ASA

     3,631         202,943   

Marine Harvest ASA*

     14,298         258,629   

Norsk Hydro ASA

     54,476         261,377   

Orkla ASA

     31,558         286,701   

Salmar ASA

     4,228         126,776   

SpareBank 1 SR-Bank ASA

     19,017         134,215   

Statoil ASA

     91,985         1,692,720   

Telenor ASA

     32,101         481,084   

TGS Nopec Geophysical Co. ASA

     1,818         40,488   

Weifa ASA

     10,142         30,045   

Yara International ASA

     3,340         131,928   
     

 

 

 
Total Norway               4,661,572   
Portugal – 0.3%      

CTT-Correios de Portugal S.A.

     9,532         64,797   

EDP – Energias de Portugal S.A.

     130,543         398,475   

Galp Energia, SGPS, S.A.

     18,166         271,889   

Jeronimo Martins, SGPS, S.A.

     10,668         165,856   

Pharol, SGPS, S.A.

     142,685         31,153   

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

     40,873         116,313   
     

 

 

 
Total Portugal               1,048,483   
Singapore – 1.8%      

Asian Pay Television Trust

     95,400         24,763   

CapitaLand Ltd.

     159,100         332,583   

City Developments Ltd.

     22,500         128,954   

ComfortDelGro Corp., Ltd.

     68,100         116,430   

CWT Ltd.

     68,100         90,976   

DBS Group Holdings Ltd.

     45,400         544,913   

Frasers Centrepoint Ltd.

     182,000         198,415   

Hutchison Port Holdings Trust

     794,400         345,564   

Keppel Corp., Ltd.

     45,500         182,353   

M1 Ltd.(a)

     45,400         61,593   

Olam International Ltd.

     90,800         123,815   

Oversea-Chinese Banking Corp., Ltd.

     59,200         365,518   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      33   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Pacc Offshore Services Holdings Ltd.

     271,200       $ 60,071   

RHT Health Trust

     192,400         121,857   

Sembcorp Industries Ltd.

     68,100         134,343   

Sembcorp Marine Ltd.(a)

     179,500         171,461   

SIA Engineering Co., Ltd.

     90,800         211,806   

Singapore Airlines Ltd.

     33,700         225,569   

Singapore Exchange Ltd.

     13,400         66,411   

Singapore Technologies Engineering Ltd.

     89,500         200,100   

Singapore Telecommunications Ltd.

     345,600         873,150   

StarHub Ltd.

     22,700         44,152   

United Engineers Ltd.

     45,500         80,626   

United Overseas Bank Ltd.

     46,128         651,354   
     

 

 

 
Total Singapore               5,356,777   
Spain – 4.5%      

Abertis Infraestructuras S.A.

     12,735         178,582   

Amadeus IT Group S.A.

     6,699         305,029   

Atresmedia Corp. de Medios de Comunicacion S.A.

     8,624         94,509   

Banco Bilbao Vizcaya Argentaria S.A.

     215,291         1,456,479   

Banco Santander S.A.

     371,411         1,942,667   

Bankia S.A.

     455,720         466,731   

Bankinter S.A.

     14,751         114,511   

CaixaBank S.A.

     228,149         755,610   

Cia de Distribucion Integral Logista Holdings S.A.

     5,902         136,953   

Distribuidora Internacional de Alimentacion S.A.

     15,896         78,215   

Duro Felguera S.A.*(a)

     76,092         89,889   

Ebro Foods S.A.

     7,116         149,399   

Enagas S.A.

     7,264         184,839   

Endesa S.A.(a)

     21,154         449,033   

Ferrovial S.A.

     20,768         372,276   

Gas Natural SDG S.A.

     26,563         501,790   

Grifols S.A.

     4,993         99,429   

Grupo Catalana Occidente S.A.

     4,312         141,491   

Iberdrola S.A.

     85,926         564,990   

Industria de Diseno Textil S.A.

     38,307         1,310,312   

Mapfre S.A.

     92,421         282,695   

Mediaset Espana Comunicacion S.A.

     10,441         122,791   

Obrascon Huarte Lain S.A.(a)

     42,470         147,600   

Red Electrica Corp. S.A.

     10,900         206,080   

Repsol S.A.

     52,471         742,714   

Sacyr S.A.*(a)

     91,413         214,048   

Tecnicas Reunidas S.A.

     1,589         65,305   

Telefonica S.A.

     207,343         1,928,890   

Viscofan S.A.

     2,497         123,389   

Zardoya Otis S.A.

     25,943         219,728   
     

 

 

 
Total Spain               13,445,974   
Sweden – 3.5%      

AAK AB

     2,497         164,779   

AF AB Class B

     6,582         120,995   

Assa Abloy AB Class B

     9,226         171,732   

Atlas Copco AB Class A

     19,982         610,374   

Atrium Ljungberg AB Class B

     13,587         212,825   

Avanza Bank Holding AB

     2,043         82,983   

Axfood AB

     8,399       132,393   

Betsson AB*

     850         8,224   

Clas Ohlson AB Class B

     437         6,446   

Com Hem Holding AB

     8,624         82,494   

Electrolux AB Series B

     4,539         113,068   

Fabege AB

     11,576         189,735   

Hennes & Mauritz AB Class B

     24,092         672,007   

Hexpol AB

     8,397         77,966   

Husqvarna AB Class B

     8,076         62,984   

ICA Gruppen AB(a)

     6,743         206,270   

Indutrade AB

     8,856         178,395   

Investment AB Latour Class B

     497         18,721   

Kinnevik AB Class B

     6,047         145,307   

Lifco AB Class B

     2,213         56,807   

Loomis AB Class B

     2,498         74,545   

NetEnt AB*

     9,540         73,824   

Nordea Bank AB

     138,405         1,543,318   

Sandvik AB

     39,954         495,654   

Securitas AB Class B

     9,987         157,644   

Skandinaviska Enskilda Banken AB Class A

     79,572         836,922   

Skanska AB Class B

     11,122         263,340   

Svenska Cellulosa AB SCA Class B

     10,895         308,575   

Svenska Handelsbanken AB Class A

     32,692         455,585   

Swedbank AB Class A

     30,656         743,403   

Swedish Match AB

     5,211         166,232   

Tele2 AB Class B

     12,088         97,201   

Telefonaktiebolaget LM Ericsson Class B

     83,337         490,779   

Telia Co. AB

     136,476         551,487   

Thule Group AB(b)

     5,675         89,017   

Trelleborg AB Class B

     14,342         283,064   

Volvo AB Class B

     32,239         377,587   

Wallenstam AB Class B

     23,386         182,514   
     

 

 

 
Total Sweden               10,505,196   
Switzerland – 7.6%      

ABB Ltd. Registered Shares*

     34,734         734,084   

Actelion Ltd. Registered Shares*

     909         197,210   

Adecco Group AG Registered Shares

     1,267         83,087   

Baloise Holding AG Registered Shares

     1,135         143,278   

Cie Financiere Richemont S.A. Registered Shares

     6,355         421,749   

Clariant AG Registered Shares*

     2,952         51,032   

Coca-Cola HBC AG*

     7,264         158,871   

Credit Suisse Group AG Registered Shares*

     43,469         624,865   

DKSH Holding AG

     2,270         156,232   

EMS-Chemie Holding AG Registered Shares

     455         231,675   

GAM Holding AG*

     4,274         49,622   

Geberit AG Registered Shares

     682         273,914   

Givaudan S.A. Registered Shares

     227         416,768   

Julius Baer Group Ltd.*

     3,406         151,575   

Kuehne + Nagel International AG Registered Shares

     4,766         631,184   

LafargeHolcim Ltd. Registered Shares*

     9,078         479,200   

Logitech International S.A. Registered Shares

     5,674         141,801   

Lonza Group AG Registered Shares*

     1,047         181,617   

Nestle S.A. Registered Shares

     56,493         4,060,426   

 

See Notes to Financial Statements.

 

34   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Novartis AG Registered Shares

     46,365       $ 3,380,377   

OC Oerlikon Corp. AG Registered Shares*

     916         9,013   

Partners Group Holding AG

     112         52,592   

Roche Holding AG Genusschein

     14,503         3,319,130   

SGS S.A. Registered Shares

     227         462,778   

Sonova Holding AG Registered Shares

     1,136         137,927   

STMicroelectronics N.V.

     42,570         484,928   

Straumann Holding AG Registered Shares

     455         177,953   

Sulzer AG Registered Shares

     1,362         140,709   

Swiss Life Holding AG Registered Shares*

     681         193,107   

Swiss Re AG

     9,028         857,187   

Swisscom AG Registered Shares

     1,396         626,473   

Syngenta AG Registered Shares

     1,776         703,340   

UBS Group AG Registered Shares

     99,567         1,562,546   

Vontobel Holding AG Registered Shares

     1,592         83,723   

Zurich Insurance Group AG*

     4,762         1,313,784   
     

 

 

 
Total Switzerland               22,693,757   
United Arab Emirates – 0.0%      

Gulf Marine Services PLC

     65,919         39,912   
United Kingdom – 20.1%      

Abcam PLC

     1,885         17,865   

Aberdeen Asset Management PLC

     40,409         128,473   

Admiral Group PLC

     5,674         128,092   

Aggreko PLC

     7,036         79,811   

Amec Foster Wheeler PLC

     24,307         141,164   

Ashmore Group PLC

     20,908         73,035   

AstraZeneca PLC

     35,773         1,961,503   

Aviva PLC

     58,599         352,192   

Babcock International Group PLC

     9,306         109,585   

BAE Systems PLC

     100,370         733,591   

Barclays PLC

     287,810         794,660   

BBA Aviation PLC

     36,327         127,166   

Bellway PLC

     3,179         97,260   

Berkeley Group Holdings PLC

     5,447         188,995   

BHP Billiton PLC

     70,708         1,141,493   

Big Yellow Group PLC

     14,752         124,955   

Bodycote PLC

     11,122         88,504   

Booker Group PLC

     45,856         99,442   

BP PLC

     809,792         5,099,155   

Brewin Dolphin Holdings PLC

     17,030         64,203   

British American Tobacco PLC

     44,961         2,567,522   

British Land Co. PLC (The)

     23,385         181,898   

Britvic PLC

     5,447         38,162   

BT Group PLC

     133,103         603,436   

Carnival PLC

     3,631         185,074   

Centrica PLC

     127,355         368,394   

Close Brothers Group PLC

     2,950         52,673   

CNH Industrial N.V.

     24,066         209,796   

Compass Group PLC

     30,465         565,037   

Countrywide PLC

     20,773         45,240   

Cranswick PLC

     3,405         98,579   

Croda International PLC

     2,423         95,688   

Debenhams PLC

     35,319         25,007   

Dechra Pharmaceuticals PLC

     9,987       165,979   

Derwent London PLC

     2,725         93,337   

Diageo PLC

     48,202         1,256,732   

Direct Line Insurance Group PLC

     30,195         137,825   

Domino’s Pizza Group PLC

     22,480         100,221   

Drax Group PLC

     4,086         19,080   

DS Smith PLC

     25,202         127,086   

Dunelm Group PLC

     12,711         126,358   

easyJet PLC

     14,961         185,790   

Electrocomponents PLC

     28,699         169,047   

Essentra PLC

     144         820   

esure Group PLC

     26,789         66,700   

Foxtons Group PLC

     20,888         26,326   

GAME Digital PLC(a)

     31,687         23,101   

Genus PLC

     412         9,143   

GlaxoSmithKline PLC

     178,664         3,448,366   

Greggs PLC

     4,766         57,124   

Halfords Group PLC

     17,030         76,913   

Halma PLC

     14,755         163,632   

Hammerson PLC

     22,024         155,936   

Hargreaves Lansdown PLC

     8,342         125,033   

Hays PLC

     56,784         104,686   

Hikma Pharmaceuticals PLC

     2,497         58,407   

HomeServe PLC

     31,104         238,289   

Howden Joinery Group PLC

     15,896         75,386   

HSBC Holdings PLC

     768,600         6,238,712   

IG Group Holdings PLC

     11,121         67,898   

IMI PLC

     9,986         128,328   

Imperial Brands PLC

     30,282         1,325,530   

Inchcape PLC

     11,121         96,466   

Informa PLC

     26,962         226,546   

Inmarsat PLC

     4,994         46,374   

International Consolidated Airlines Group S.A.

     31,005         167,731   

Intertek Group PLC

     3,404         146,416   

Intu Properties PLC(a)

     47,446         164,917   

ITV PLC

     123,909         316,015   

J Sainsbury PLC

     48,154         148,337   

Jardine Lloyd Thompson Group PLC

     10,214         124,253   

John Wood Group PLC

     6,356         68,799   

Johnson Matthey PLC

     2,952         116,068   

Jupiter Fund Management PLC

     22,931         125,693   

Kingfisher PLC

     46,764         202,417   

Ladbrokes Coral Group PLC

     64,729         92,780   

Land Securities Group PLC

     15,209         200,333   

Legal & General Group PLC

     138,296         423,112   

Lloyds Banking Group PLC

     1,119,990         865,085   

London Stock Exchange Group PLC

     1,363         49,077   

Low & Bonar PLC

     35,542         28,766   

LSL Property Services PLC

     13,223         37,661   

Marks & Spencer Group PLC

     36,724         158,823   

Mediclinic International PLC

     3,406         32,448   

Meggitt PLC

     19,982         113,232   

Melrose Industries PLC

     4,539         11,091   

Micro Focus International PLC

     3,632         97,791   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      35   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Mondi PLC

     7,491       $ 154,209   

Moneysupermarket.com Group PLC

     25,883         94,060   

N Brown Group PLC

     22,617         62,181   

National Grid PLC

     107,440         1,263,327   

Next PLC

     4,315         265,685   

Old Mutual PLC

     137,829         353,049   

Pagegroup PLC

     21,797         105,175   

Pearson PLC

     24,520         247,990   

Pennon Group PLC

     11,121         113,644   

Persimmon PLC

     9,079         199,240   

Prudential PLC

     21,339         429,131   

PZ Cussons PLC

     15,888         65,630   

QinetiQ Group PLC

     26,335         85,517   

Reckitt Benckiser Group PLC

     11,185         951,696   

Redde PLC

     30,196         61,005   

RELX N.V.

     18,846         317,846   

RELX PLC

     24,523         439,074   

Renishaw PLC

     2,270         70,908   

Restaurant Group PLC (The)

     12,712         50,971   

Rightmove PLC

     2,043         98,529   

Rio Tinto PLC

     42,539         1,660,212   

Rolls-Royce Holdings PLC*

     31,887         263,200   

Rotork PLC

     28,832         85,931   

Royal Dutch Shell PLC Class A

     177,986         4,931,892   

Royal Dutch Shell PLC Class B

     111,083         3,231,092   

Royal Mail PLC

     29,741         169,819   

Saga PLC

     35,873         86,481   

Sage Group PLC (The)

     21,796         176,406   

Savills PLC

     9,760         84,480   

Schroders PLC

     5,448         201,820   

Segro PLC

     37,235         210,769   

Severn Trent PLC

     7,944         218,112   

Sky PLC

     41,316         505,926   

Smith & Nephew PLC

     13,165         198,624   

Smiths Group PLC

     10,894         190,610   

Spirax-Sarco Engineering PLC

     3,179         164,353   

SSE PLC

     34,287         657,955   

St. James’s Place PLC

     10,990         137,699   

Stagecoach Group PLC

     34,053         90,972   

Standard Life PLC

     49,510         227,578   

TalkTalk Telecom Group PLC(a)

     26,220         54,819   

Tate & Lyle PLC

     17,485         152,858   

Taylor Wimpey PLC

     81,822         155,194   

Ted Baker PLC

     2,043         71,038   

Telecom Plus PLC

     5,221         75,868   

TP ICAP PLC

     16,350         87,539   

Trinity Mirror PLC

     44,407         58,164   

U & I Group PLC

     22,622         47,520   

Unilever N.V. CVA

     33,012         1,361,961   

Unilever PLC

     19,351         787,271   

United Utilities Group PLC

     18,846         209,816   

Vedanta Resources PLC

     19,558         212,547   

Victrex PLC

     4,539         108,302   

Vodafone Group PLC

     919,707         2,271,166   

Weir Group PLC (The)

     5,901       137,811   

WH Smith PLC

     5,220         100,492   

Whitbread PLC

     2,271         105,961   

William Hill PLC

     14,526         52,088   

WS Atkins PLC

     5,675         102,240   
     

 

 

 
Total United Kingdom               60,495,119   

TOTAL COMMON STOCKS

(Cost: $294,650,625)

              299,786,042   
RIGHTS – 0.0%      
Italy – 0.0%      
Credito Valtellinese SC, expiring 1/5/17*      2,620         0   
Spain – 0.0%      
Repsol S.A., expiring 1/12/17*      52,471         19,481   

TOTAL RIGHTS

(Cost: $18,298)

              19,481   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0%   
United States – 1.0%      

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(c)

(Cost: $2,996,925)(d)

     2,996,925         2,996,925   

TOTAL INVESTMENTS IN SECURITIES – 100.8%

(Cost: $297,665,848)

        302,802,448   

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

        (2,290,719
     

 

 

 
NET ASSETS – 100.0%             $ 300,511,729   
*  Non-income producing security.

 

  Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represent 0.0% of net assets.

 

(a)  Security, or portion thereof, was on loan at December 31, 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 December 31, 2016.

 

(d)  At December 31, 2016, the total market value of the Fund’s securities on loan was $3,414,959 and the total market value of the collateral held by the Fund was $3,594,499. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $597,574. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA - Certificaten Van Aandelen (Certificate of Stock)

RSP - Risparmio Italian Savings Shares

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/3/2017

    AUD        102,908        SEK        675,629      $ (145

1/3/2017

    DKK        220,581        EUR        29,672        6   

1/3/2017

    DKK        2,622,386        USD        374,588        2,595   

1/3/2017

    DKK        3,441,821        USD        491,643        3,410   

1/3/2017

    DKK        3,443,257        USD        491,643        3,207   

1/3/2017

    DKK        3,442,116        USD        491,643        3,368   

1/3/2017

    DKK        3,441,609        USD        491,643        3,440   

1/3/2017

    EUR        11,945,870        USD        12,695,390        95,484   

 

See Notes to Financial Statements.

 

36   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/3/2017

    EUR        15,678,847        USD        16,662,695      $ 125,431   

1/3/2017

    EUR        15,678,921        USD        16,662,695        125,354   

1/3/2017

    EUR        15,678,980        USD        16,662,695        125,291   

1/3/2017

    EUR        15,678,700        USD        16,662,695        125,587   

1/3/2017

    GBP        63,252        SEK        709,580        (49

1/3/2017

    ILS        40,361        SEK        95,196        (8

1/3/2017

    ILS        505,531        USD        131,932        579   

1/3/2017

    ILS        663,420        USD        173,155        778   

1/3/2017

    ILS        663,346        USD        173,155        797   

1/3/2017

    ILS        663,466        USD        173,155        766   

1/3/2017

    ILS        663,447        USD        173,155        771   

1/3/2017

    NOK        7,956,840        USD        934,789        10,403   

1/3/2017

    NOK        6,062,416        USD        712,222        7,921   

1/3/2017

    NOK        7,956,765        USD        934,789        10,411   

1/3/2017

    NOK        7,957,680        USD        934,789        10,305   

1/3/2017

    NOK        7,956,887        USD        934,789        10,397   

1/3/2017

    SEK        12,377,887        USD        1,343,615        (18,898

1/3/2017

    SEK        16,244,520        USD        1,763,489        (24,649

1/3/2017

    SEK        16,245,910        USD        1,763,489        (24,802

1/3/2017

    SEK        16,247,308        USD        1,763,489        (24,956

1/3/2017

    SEK        16,245,666        USD        1,763,489        (24,775

1/3/2017

    USD        40,130        DKK        277,866        (714

1/3/2017

    USD        575,257        DKK        4,055,505        29   

1/3/2017

    USD        598,267        DKK        4,217,723        30   

1/3/2017

    USD        529,239        DKK        3,730,955        8   

1/3/2017

    USD        598,267        DKK        4,217,513          

1/3/2017

    USD        1,360,064        EUR        1,265,960        (24,793

1/3/2017

    USD        19,496,526        EUR        18,485,043        572   

1/3/2017

    USD        20,276,387        EUR        19,224,426        576   

1/3/2017

    USD        17,936,806        EUR        17,006,064        339   

1/3/2017

    USD        20,276,387        EUR        19,223,880        (1

1/3/2017

    USD        8,946        EUR        8,500        19   

1/3/2017

    USD        14,134        ILS        53,952        (116

1/3/2017

    USD        210,708        ILS        810,981        10   

1/3/2017

    USD        202,604        ILS        779,806        14   

1/3/2017

    USD        210,708        ILS        810,941          

1/3/2017

    USD        186,398        ILS        717,392        3   

1/3/2017

    USD        76,301        NOK        639,281        (2,033

1/3/2017

    USD        1,093,769        NOK        9,415,306        55   

1/3/2017

    USD        1,137,520        NOK        9,791,727        34   

1/3/2017

    USD        1,006,268        NOK        8,661,784        15   

1/3/2017

    USD        1,137,520        NOK        9,791,431          

1/3/2017

    USD        143,942        SEK        1,315,611        876   

1/3/2017

    USD        2,063,407        SEK        18,746,164        103   

1/3/2017

    USD        2,145,943        SEK        19,495,613        64   

1/3/2017

    USD        1,898,336        SEK        17,245,889        29   

1/3/2017

    USD        2,145,943        SEK        19,495,034          

1/3/2017

    USD        90        SEK        821          

1/4/2017

    AUD        67,832        EUR        46,500        (72

1/4/2017

    AUD        2,508,498        USD        1,851,831        35,428   

1/4/2017

    AUD        3,292,449        USD        2,430,522        46,460   

1/4/2017

    AUD        3,292,453        USD        2,430,522        46,457   

1/4/2017

    AUD        3,292,560        USD        2,430,522        46,380   

1/4/2017

    AUD        3,292,453        USD        2,430,522        46,457   

1/4/2017

    CHF        3,474,125        USD        3,419,414        1,178   

1/4/2017

    CHF        4,560,092        USD        4,487,975        1,241   

1/4/2017

    CHF        4,559,994        USD        4,487,975        1,338   

1/4/2017

    CHF        4,559,841        USD        4,487,975        1,488   

1/4/2017

    CHF        4,560,182        USD        4,487,975        1,153   

1/4/2017

    GBP        76,959        CHF        96,568      $ (80

1/4/2017

    GBP        159,971        HKD        1,528,748        (491

1/4/2017

    GBP        6,010,942        USD        7,518,126        90,708   

1/4/2017

    GBP        7,888,855        USD        9,867,537        119,678   

1/4/2017

    GBP        7,889,012        USD        9,867,537        119,483   

1/4/2017

    GBP        7,889,492        USD        9,867,537        118,891   

1/4/2017

    GBP        7,889,624        USD        9,867,537        118,727   

1/4/2017

    GBP        83,904        USD        103,387        (289

1/4/2017

    USD        198,387        AUD        265,761        (5,949

1/4/2017

    USD        2,843,883        AUD        3,927,473        (1

1/4/2017

    USD        2,957,638        AUD        4,084,458        (82

1/4/2017

    USD        2,616,373        AUD        3,613,226        (37

1/4/2017

    USD        2,957,638        AUD        4,084,571        (1

1/4/2017

    USD        366,323        CHF        369,488        (2,779

1/4/2017

    USD        5,251,247        CHF        5,337,262        155   

1/4/2017

    USD        5,461,297        CHF        5,550,753        161   

1/4/2017

    USD        4,831,150        CHF        4,910,236        95   

1/4/2017

    USD        5,461,297        CHF        5,550,589          

1/4/2017

    USD        805,421        GBP        633,229        (22,971

1/4/2017

    USD        11,545,713        GBP        9,344,117        341   

1/4/2017

    USD        12,007,541        GBP        9,717,905        384   

1/4/2017

    USD        10,622,058        GBP        8,596,471        167   

1/4/2017

    USD        12,007,541        GBP        9,717,591        (5

1/5/2017

    JPY        7,208,516        NZD        88,858        157   

1/5/2017

    JPY        1,043,821,381        USD        9,179,599        230,129   

1/5/2017

    JPY        795,276,601        USD        6,993,982        175,475   

1/5/2017

    JPY        1,043,801,186        USD        9,179,599        230,303   

1/5/2017

    JPY        1,043,667,164        USD        9,179,599        231,452   

1/5/2017

    JPY        1,043,907,670        USD        9,179,599        229,390   

1/5/2017

    JPY        38,595,435        USD        330,299        (609

1/5/2017

    NZD        75,658        USD        53,561        804   

1/5/2017

    NZD        57,647        USD        40,811        614   

1/5/2017

    NZD        75,655        USD        53,561        807   

1/5/2017

    NZD        75,657        USD        53,561        805   

1/5/2017

    NZD        75,658        USD        53,561        805   

1/5/2017

    SGD        790,558        USD        551,847        4,637   

1/5/2017

    SGD        602,294        USD        420,459        3,562   

1/5/2017

    SGD        790,405        USD        551,847        4,743   

1/5/2017

    SGD        790,444        USD        551,847        4,716   

1/5/2017

    SGD        790,438        USD        551,847        4,721   

1/5/2017

    SGD        36,170        USD        24,973        (63

1/5/2017

    USD        749,269        JPY        85,558,952        (15,707

1/5/2017

    USD        10,740,777        JPY        1,252,787,044        313   

1/5/2017

    USD        11,170,408        JPY        1,302,894,048        287   

1/5/2017

    USD        9,881,516        JPY        1,152,550,381        169   

1/5/2017

    USD        11,170,408        JPY        1,302,860,537          

1/5/2017

    USD        4,372        NZD        6,148        (85

1/5/2017

    USD        62,670        NZD        89,878        2   

1/5/2017

    USD        65,177        NZD        93,473        2   

1/5/2017

    USD        57,659        NZD        82,690        1   

1/5/2017

    USD        65,177        NZD        93,471          

1/5/2017

    USD        45,044        SGD        64,042        (715

1/5/2017

    USD        645,700        SGD        932,778        (48

1/5/2017

    USD        671,528        SGD        970,120        (29

1/5/2017

    USD        594,047        SGD        858,208        (11

1/5/2017

    USD        671,528        SGD        970,157        (3

2/2/2017

    AUD        4,037,346        USD        2,921,262        (71

2/2/2017

    AUD        4,198,782        USD        3,038,113        (32

2/2/2017

    AUD        3,714,361        USD        2,687,563        (65

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      37   


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2016

 

  

 

 

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

2/2/2017

    AUD        4,199,015        USD        3,038,113      $ (199

2/2/2017

    CHF        5,602,499        USD        5,522,750        (888

2/2/2017

    CHF        5,826,168        USD        5,743,660        (499

2/2/2017

    CHF        5,154,254        USD        5,080,931        (772

2/2/2017

    CHF        5,826,771        USD        5,743,660        (1,093

2/2/2017

    DKK        3,477,385        USD        494,094        10   

2/2/2017

    DKK        3,616,430        USD        513,858        17   

2/2/2017

    DKK        3,199,550        USD        454,568        (40

2/2/2017

    DKK        3,616,892        USD        513,858        (48

2/2/2017

    EUR        15,841,397        USD        16,733,569        61   

2/2/2017

    EUR        16,474,648        USD        17,402,912        491   

2/2/2017

    EUR        14,575,315        USD        15,394,885        (1,241

2/2/2017

    EUR        16,474,258        USD        17,402,912        903   

2/2/2017

    GBP        9,815,794        USD        12,137,062        (1,271

2/2/2017

    GBP        10,207,848        USD        12,622,545        (607

2/2/2017

    GBP        9,030,918        USD        11,166,098        (1,648

2/2/2017

    GBP        10,208,946        USD        12,622,545        (1,965

2/2/2017

    ILS        789,649        USD        205,284        (27

2/2/2017

    ILS        821,153        USD        213,495        (7

2/2/2017

    ILS        726,477        USD        188,862        (23

2/2/2017

    ILS        821,176        USD        213,495        (13

2/2/2017

    NOK        10,080,292        USD        1,171,239        (160

2/2/2017

    NOK        10,482,427        USD        1,218,088        (42

2/2/2017

    NOK        9,273,693        USD        1,077,542        (125

2/2/2017

    NOK        10,483,109        USD        1,218,088        (121

2/2/2017

    NZD        266,696        USD        185,779        (13

2/2/2017

    NZD        277,361        USD        193,210        (11

2/2/2017

    NZD        245,368        USD        170,920        (14

2/2/2017

    NZD        277,381        USD        193,210        (25

2/2/2017

    SEK        19,855,195        USD        2,189,214        (392

2/2/2017

    SEK        20,645,572        USD        2,276,783        15   

2/2/2017

    SEK        18,264,039        USD        2,014,079        (56

2/2/2017

    SEK        20,644,958        USD        2,276,783        83   

2/3/2017

    JPY        1,274,966,409        USD        10,948,297        (1,039

2/3/2017

    JPY        1,325,971,795        USD        11,386,228        (1,140

2/3/2017

    JPY        1,173,015,635        USD        10,072,435        (1,354

2/3/2017

    JPY        1,326,119,816        USD        11,386,228        (2,411

2/3/2017

    SGD        929,479        USD        643,216        (67

2/3/2017

    SGD        966,579        USD        668,945        (14

2/3/2017

    SGD        855,135        USD        591,760        (69

2/3/2017

    SGD        966,692        USD        668,945        (92
                                    $ 2,377,301   

 

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

 

See Notes to Financial Statements.

 

38   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUND – 99.9%      
United States – 99.9%      

WisdomTree International Quality Dividend Growth Fund(a)

(Cost: $2,044,935)

     84,807       $ 2,029,432   

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

        2,294   
     

 

 

 
NET ASSETS – 100.0%             $ 2,031,726   
(a)  Affiliated company (See Note 3).

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/3/2017

    DKK        66,269        USD        9,466      $         66   

1/3/2017

    DKK        86,957        USD        12,422        87   

1/3/2017

    DKK        86,998        USD        12,422        81   

1/3/2017

    DKK        86,970        USD        12,422        85   

1/3/2017

    DKK        86,962        USD        12,422        86   

1/3/2017

    DKK        2,865        USD        406          

1/3/2017

    EUR        1,277        SEK        12,242        1   

1/3/2017

    EUR        112,041        USD        119,071        896   

1/3/2017

    EUR        112,039        USD        119,071        897   

1/3/2017

    EUR        85,368        USD        90,724        682   

1/3/2017

    EUR        112,041        USD        119,071        895   

1/3/2017

    EUR        112,040        USD        119,071        896   

1/3/2017

    EUR        2,700        USD        2,843        (4

1/3/2017

    ILS        153        USD        40          

1/3/2017

    ILS        153        USD        40          

1/3/2017

    ILS        134        USD        35          

1/3/2017

    ILS        153        USD        40          

1/3/2017

    ILS        153        USD        40          

1/3/2017

    NOK        47,467        USD        5,576        62   

1/3/2017

    NOK        47,463        USD        5,576        62   

1/3/2017

    NOK        47,462        USD        5,576        62   

1/3/2017

    NOK        47,462        USD        5,576        62   

1/3/2017

    NOK        36,167        USD        4,249        47   

1/3/2017

    SEK        185,728        USD        20,159        (285

1/3/2017

    SEK        185,712        USD        20,159        (283

1/3/2017

    SEK        141,521        USD        15,362        (216

1/3/2017

    SEK        185,696        USD        20,159        (282

1/3/2017

    SEK        185,709        USD        20,159        (283

1/3/2017

    USD        14,788        DKK        104,254        1   

1/3/2017

    USD        15,380        DKK        108,427        1   

1/3/2017

    USD        13,606        DKK        95,918          

1/3/2017

    USD        15,380        DKK        108,422          

1/3/2017

    USD        141,752        EUR        134,398        4   

1/3/2017

    USD        147,422        EUR        139,774        4   

1/3/2017

    USD        130,412        EUR        123,645        3   

1/3/2017

    USD        147,422        EUR        139,770          

1/3/2017

    USD        50        ILS        192          

1/3/2017

    USD        48        ILS        185          

1/3/2017

    USD        47        ILS        181          

1/3/2017

    USD        50        ILS        192          

1/3/2017

    USD        6,638        NOK        57,141          

1/3/2017

    USD        6,903        NOK        59,421          

1/3/2017

    USD        6,109        NOK        52,585          

1/3/2017

    USD        6,903        NOK        59,419          

1/3/2017

    USD        23,999        SEK        218,032      $ 1   

1/3/2017

    USD        24,959        SEK        226,749        1   

1/3/2017

    USD        22,081        SEK        200,600          

1/3/2017

    USD        24,959        SEK        226,743          

1/4/2017

    AUD        12,277        USD        9,063        173   

1/4/2017

    AUD        16,108        USD        11,891        227   

1/4/2017

    AUD        16,108        USD        11,891        227   

1/4/2017

    AUD        16,108        USD        11,891        227   

1/4/2017

    AUD        16,108        USD        11,891        227   

1/4/2017

    AUD        1,494        USD        1,077        (4

1/4/2017

    CHF        51,588        USD        50,772        14   

1/4/2017

    CHF        51,587        USD        50,772        15   

1/4/2017

    CHF        51,589        USD        50,772        13   

1/4/2017

    CHF        51,585        USD        50,772        17   

1/4/2017

    CHF        39,304        USD        38,685        13   

1/4/2017

    GBP        51,954        USD        64,985        788   

1/4/2017

    GBP        51,959        USD        64,985        782   

1/4/2017

    GBP        51,955        USD        64,985        787   

1/4/2017

    GBP        51,958        USD        64,985        783   

1/4/2017

    GBP        39,590        USD        49,517        597   

1/4/2017

    GBP        3,029        USD        3,734        (9

1/4/2017

    USD        14,156        AUD        19,550          

1/4/2017

    USD        14,723        AUD        20,332          

1/4/2017

    USD        13,025        AUD        17,988          

1/4/2017

    USD        14,723        AUD        20,333          

1/4/2017

    USD        60,443        CHF        61,433        2   

1/4/2017

    USD        62,860        CHF        63,890        2   

1/4/2017

    USD        55,610        CHF        56,520        1   

1/4/2017

    USD        62,860        CHF        63,888          

1/4/2017

    USD        77,364        GBP        62,612        2   

1/4/2017

    USD        80,458        GBP        65,116        3   

1/4/2017

    USD        71,177        GBP        57,604        1   

1/4/2017

    USD        80,458        GBP        65,114          

1/5/2017

    JPY        3,444,918        USD        30,296        760   

1/5/2017

    JPY        4,521,490        USD        39,763        997   

1/5/2017

    JPY        4,521,864        USD        39,763        994   

1/5/2017

    JPY        4,521,403        USD        39,763        998   

1/5/2017

    JPY        4,520,822        USD        39,763        1,003   

1/5/2017

    JPY        554,486        USD        4,747        (8

1/5/2017

    NZD        251        USD        178        3   

1/5/2017

    NZD        325        USD        230        4   

1/5/2017

    NZD        325        USD        230        3   

1/5/2017

    NZD        325        USD        230        3   

1/5/2017

    NZD        325        USD        230        4   

1/5/2017

    SGD        3,732        USD        2,605        22   

1/5/2017

    SGD        3,731        USD        2,605        22   

1/5/2017

    SGD        2,845        USD        1,986        17   

1/5/2017

    SGD        3,731        USD        2,605        22   

1/5/2017

    SGD        3,731        USD        2,605        22   

1/5/2017

    USD        47,337        JPY        5,521,311        1   

1/5/2017

    USD        49,230        JPY        5,742,088        1   

1/5/2017

    USD        43,551        JPY        5,079,657        1   

1/5/2017

    USD        49,230        JPY        5,741,941          

1/5/2017

    USD        274        NZD        393          

1/5/2017

    USD        285        NZD        409          

1/5/2017

    USD        254        NZD        364          

1/5/2017

    USD        285        NZD        409          

1/5/2017

    USD        3,101        SGD        4,480          

1/5/2017

    USD        3,225        SGD        4,659          

1/5/2017

    USD        2,855        SGD        4,125          

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      39   


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG)

December 31, 2016

 

  

 

 

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/5/2017

    USD        3,225        SGD        4,659      $   

2/2/2017

    AUD        18,996        USD        13,745          

2/2/2017

    AUD        19,756        USD        14,295          

2/2/2017

    AUD        17,480        USD        12,648          

2/2/2017

    AUD        19,757        USD        14,295        (1

2/2/2017

    CHF        62,810        USD        61,916        (10

2/2/2017

    CHF        65,318        USD        64,393        (6

2/2/2017

    CHF        57,787        USD        56,965        (9

2/2/2017

    CHF        65,325        USD        64,393        (12

2/2/2017

    DKK        90,923        USD        12,919          

2/2/2017

    DKK        94,560        USD        13,436        1   

2/2/2017

    DKK        83,676        USD        11,888        (1

2/2/2017

    DKK        94,572        USD        13,436        (1

2/2/2017

    EUR        111,887        USD        118,188          

2/2/2017

    EUR        116,359        USD        122,915        4   

2/2/2017

    EUR        102,945        USD        108,734        (9

2/2/2017

    EUR        116,356        USD        122,915        6   

2/2/2017

    GBP        63,347        USD        78,328        (8

2/2/2017

    GBP        65,877        USD        81,461        (4

2/2/2017

    GBP        58,285        USD        72,065        (11

2/2/2017

    GBP        65,885        USD        81,461        (13

2/2/2017

    ILS        177        USD        46          

2/2/2017

    ILS        185        USD        48          

2/2/2017

    ILS        173        USD        45          

2/2/2017

    ILS        185        USD        48          

2/2/2017

    NOK        57,010        USD        6,624        (1

2/2/2017

    NOK        59,284        USD        6,889          

2/2/2017

    NOK        52,464        USD        6,096        (1

2/2/2017

    NOK        59,288        USD        6,889        (1

2/2/2017

    NZD        1,183        USD        824          

2/2/2017

    NZD        1,230        USD        857          

2/2/2017

    NZD        1,092        USD        761          

2/2/2017

    NZD        1,230        USD        857          

2/2/2017

    SEK        219,574        USD        24,210        (4

2/2/2017

    SEK        228,311        USD        25,178          

2/2/2017

    SEK        202,003        USD        22,276        (1

2/2/2017

    SEK        228,304        USD        25,178        1   

2/3/2017

    JPY        5,455,841        USD        46,850        (4

2/3/2017

    JPY        5,674,104        USD        48,724        (5

2/3/2017

    JPY        5,019,572        USD        43,102        (6

2/3/2017

    JPY        5,674,738        USD        48,724        (10

2/3/2017

    SGD        4,405        USD        3,048          

2/3/2017

    SGD        4,580        USD        3,170          

2/3/2017

    SGD        4,055        USD        2,806          

2/3/2017

    SGD        4,581        USD        3,170          
                                    $ 13,280   

 

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.

 

40   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
         
COMMON STOCKS – 99.8%      
Australia – 12.6%      

Ainsworth Game Technology Ltd.(a)

     744       $ 1,137   

ALS Ltd.

     630         2,755   

Altium Ltd.(a)

     216         1,265   

Ansell Ltd.

     199         3,561   

AP Eagers Ltd.

     202         1,349   

APN Outdoor Group Ltd.

     119         509   

ARB Corp., Ltd.

     76         971   

Asaleo Care Ltd.

     1,242         1,331   

AUB Group Ltd.

     127         966   

Austal Ltd.

     590         743   

Automotive Holdings Group Ltd.

     827         2,365   

Beacon Lighting Group Ltd.

     434         490   

Blackmores Ltd.(a)

     16         1,198   

Breville Group Ltd.

     232         1,455   

Brickworks Ltd.

     220         2,165   

BT Investment Management Ltd.

     481         3,702   

Cabcharge Australia Ltd.

     327         919   

carsales.com Ltd.

     408         3,353   

Cash Converters International Ltd.

     1,259         305   

Cedar Woods Properties Ltd.

     227         830   

Cleanaway Waste Management Ltd.

     1,670         1,487   

Corporate Travel Management Ltd.

     43         570   

CSG Ltd.(a)

     435         230   

CSR Ltd.

     1,374         4,597   

Decmil Group Ltd.

     922         691   

Dicker Data Ltd.

     325         532   

Downer EDI Ltd.

     998         4,401   

DuluxGroup Ltd.

     489         2,210   

Eclipx Group Ltd.

     326         885   

ERM Power Ltd.

     765         712   

Estia Health Ltd.(a)

     431         811   

Event Hospitality and Entertainment Ltd.

     156         1,556   

Evolution Mining Ltd.

     748         1,148   

Fairfax Media Ltd.

     4,697         3,027   

Flight Centre Travel Group Ltd.

     201         4,556   

Folkestone Education Trust

     590         1,085   

G8 Education Ltd.(a)

     827         2,150   

Genworth Mortgage Insurance Australia Ltd.

     2,286         5,413   

GrainCorp Ltd. Class A

     187         1,295   

Greencross Ltd.

     155         770   

GUD Holdings Ltd.

     144         1,092   

GWA Group Ltd.

     293         628   

HFA Holdings Ltd.

     345         600   

Iluka Resources Ltd.

     613         3,227   

IMF Bentham Ltd.

     387         490   

Infomedia Ltd.

     869         459   

Invocare Ltd.

     140         1,406   

IOOF Holdings Ltd.

     875         5,835   

IPH Ltd.(a)

     239         886   

IRESS Ltd.

     302         2,596   

JB Hi-Fi Ltd.

     177         3,594   

Lovisa Holdings Ltd.

     201         568   
Investments    Shares      Value  

MACA Ltd.

     1,573       $ 1,953   

McMillan Shakespeare Ltd.

     153         1,204   

Mineral Resources Ltd.

     314         2,756   

Monadelphous Group Ltd.

     404         3,285   

Monash IVF Group Ltd.

     402         597   

Mortgage Choice Ltd.

     497         860   

Myer Holdings Ltd.

     579         579   

MYOB Group Ltd.

     374         991   

MyState Ltd.

     277         889   

Navitas Ltd.

     686         2,474   

NIB Holdings Ltd.

     602         2,071   

Nine Entertainment Co. Holdings Ltd.(a)

     4,146         3,197   

Northern Star Resources Ltd.

     498         1,305   

Nufarm Ltd.

     92         610   

Orora Ltd.

     1,619         3,505   

OZ Minerals Ltd.

     407         2,325   

Pact Group Holdings Ltd.

     544         2,659   

Perpetual Ltd.

     119         4,202   

Premier Investments Ltd.

     201         2,102   

Primary Health Care Ltd.

     912         2,694   

Programmed Maintenance Services Ltd.

     755         1,052   

Qube Holdings Ltd.(a)

     905         1,599   

Regis Healthcare Ltd.(a)

     712         2,361   

Regis Resources Ltd.

     549         1,181   

Retail Food Group Ltd.

     276         1,403   

Sandfire Resources NL

     178         727   

Select Harvests Ltd.(a)

     246         1,183   

Servcorp Ltd.

     174         989   

Service Stream Ltd.(a)

     229         182   

Seven Group Holdings Ltd.(a)

     798         4,530   

Seven West Media Ltd.

     4,828         2,814   

SG Fleet Group Ltd.

     289         697   

Sigma Pharmaceuticals Ltd.

     1,608         1,502   

Sims Metal Management Ltd.

     222         2,062   

Sirtex Medical Ltd.

     30         308   

Slater & Gordon Ltd.*(a)

     2,259         368   

SmartGroup Corp. Ltd.

     100         455   

Southern Cross Media Group Ltd.

     1,912         2,139   

Spotless Group Holdings Ltd.

     3,252         2,331   

Steadfast Group Ltd.

     737         1,179   

Super Retail Group Ltd.

     377         2,825   

Technology One Ltd.

     212         867   

TFS Corp. Ltd.(a)

     424         510   

Thorn Group Ltd.

     626         870   

Tox Free Solutions Ltd.

     410         769   

Villa World Ltd.

     387         639   

Virtus Health Ltd.

     177         800   

Webjet Ltd.

     165         1,267   

WPP AUNZ Ltd.

     1,556         1,363   
     

 

 

 
Total Australia               170,106   
Austria – 1.3%      

ams AG

     72         2,048   

Austria Technologie & Systemtechnik AG

     47         462   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      41   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
         

RHI AG

     68       $ 1,739   

S IMMO AG*

     86         907   

Schoeller-Bleckmann Oilfield Equipment AG

     10         807   

UNIQA Insurance Group AG

     974         7,397   

Verbund AG

     159         2,545   

Wienerberger AG

     51         887   

Zumtobel Group AG

     35         627   
     

 

 

 
Total Austria               17,419   
Belgium – 1.4%      

Cie d’Entreprises CFE

     31         3,383   

Econocom Group S.A./N.V.

     102         1,500   

Euronav N.V.

     792         6,331   

Ion Beam Applications

     44         1,933   

Ontex Group N.V.

     57         1,698   

Recticel S.A.

     76         531   

Rezidor Hotel Group AB

     170         664   

Warehouses De Pauw CVA

     38         3,402   
     

 

 

 
Total Belgium               19,442   
China – 1.6%      

China South City Holdings Ltd.

     21,774         4,550   

China Travel International Investment Hong Kong Ltd.

     9,956         2,735   

CITIC Telecom International Holdings Ltd.

     6,678         2,007   

Dah Chong Hong Holdings Ltd.

     2,779         1,061   

Goldpac Group Ltd.

     3,835         1,019   

Guotai Junan International Holdings Ltd.

     9,052         2,790   

Shenwan Hongyuan HK Ltd.

     2,326         1,014   

Shougang Fushan Resources Group Ltd.

     9,903         1,941   

Sinotruk Hong Kong Ltd.

     1,651         1,178   

Yuexiu Property Co., Ltd.

     26,638         3,642   
     

 

 

 
Total China               21,937   
Denmark – 1.3%      

Alm Brand A/S

     203         1,555   

FLSmidth & Co. A/S

     51         2,120   

Matas A/S

     98         1,342   

NKT Holding A/S

     9         637   

Per Aarsleff Holding A/S

     21         524   

Rockwool International A/S Class B

     5         884   

Schouw & Co. AB

     23         1,716   

SimCorp A/S

     29         1,416   

Spar Nord Bank A/S

     290         3,332   

Sydbank A/S

     120         3,731   
     

 

 

 
Total Denmark               17,257   
Finland – 2.8%      

Cargotec Oyj Class B

     47         2,126   

Caverion Corp.

     238         1,988   

Citycon Oyj

     713         1,758   

Cramo Oyj

     60         1,506   

F-Secure Oyj

     183         672   

HKScan Oyj Class A

     145         488   

Kemira Oyj

     311         3,979   

Konecranes Oyj

     118         4,204   

Lassila & Tikanoja Oyj

     85         1,722   

Oriola-KD Oyj Class B

     196         891   
Investments    Shares      Value  
         

PKC Group Oyj

     56       $ 934   

Raisio Oyj Class V

     451         1,698   

Ramirent Oyj

     277         2,159   

Sanoma Oyj

     141         1,226   

Suominen Oyj

     93         406   

Technopolis Oyj

     266         878   

Tieto Oyj

     157         4,292   

Tikkurila Oyj

     86         1,706   

Uponor Oyj

     96         1,672   

Valmet Oyj

     187         2,758   

YIT Oyj

     181         1,449   
     

 

 

 
Total Finland               38,512   
France – 2.5%      

Albioma S.A.

     59         1,029   

Alten S.A.

     31         2,182   

Bourbon Corp.

     184         2,378   

Coface S.A.

     376         2,459   

Derichebourg S.A.

     142         629   

Gaztransport Et Technigaz S.A.

     128         5,548   

IPSOS

     57         1,794   

Jacquet Metal Service

     55         1,149   

Metropole Television S.A.

     286         5,330   

Neopost S.A.

     166         5,204   

Rallye S.A.

     229         4,449   

Tarkett S.A.

     43         1,546   
     

 

 

 
Total France               33,697   
Germany – 4.2%      

Aareal Bank AG

     126         4,753   

alstria office REIT-AG*

     279         3,505   

AURELIUS Equity Opportunities SE & Co. KGaA

     60         3,520   

Aurubis AG

     52         3,005   

BayWa AG

     38         1,234   

Bechtle AG

     16         1,668   

Bertrandt AG

     12         1,224   

CANCOM SE

     10         475   

Capital Stage AG

     133         891   

CompuGroup Medical SE

     27         1,109   

CropEnergies AG

     109         586   

Drillisch AG(a)

     115         4,960   

Elmos Semiconductor AG

     33         495   

ElringKlinger AG(a)

     94         1,574   

Gerry Weber International AG

     69         800   

GFT Technologies SE

     51         1,102   

Grammer AG

     10         501   

Hamburger Hafen und Logistik AG

     103         1,923   

Indus Holding AG

     27         1,471   

Leoni AG

     47         1,678   

MLP AG

     193         850   

Nemetschek SE

     18         1,049   

Pfeiffer Vacuum Technology AG

     16         1,499   

RHOEN-KLINIKUM AG

     93         2,517   

RIB Software AG(a)

     47         617   

Salzgitter AG

     20         708   

SHW AG

     13         448   

 

See Notes to Financial Statements.

 

42   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
         

Sixt SE

     36       $ 1,935   

Takkt AG

     72         1,633   

TLG Immobilien AG

     119         2,247   

VTG AG

     28         839   

Wacker Neuson SE

     95         1,544   

Wuestenrot & Wuerttembergische AG

     127         2,487   

Zeal Network SE

     37         1,440   
     

 

 

 
Total Germany               56,287   
Hong Kong – 1.0%      

Chu Kong Shipping Enterprises Group Co., Ltd.

     2,407         639   

Dah Sing Financial Holdings Ltd.

     400         2,706   

Hongkong & Shanghai Hotels Ltd. (The)

     1,049         1,164   

Lai Sun Development Co., Ltd.

     42,107         793   

Television Broadcasts Ltd.

     1,823         5,996   

Tradelink Electronic Commerce Ltd.

     4,356         899   

Vitasoy International Holdings Ltd.

     520         1,045   
     

 

 

 
Total Hong Kong               13,242   
Indonesia – 0.1%      

Bumitama Agri Ltd.

     1,947         1,125   
Ireland – 0.6%      

C&C Group PLC

     526         2,136   

Fyffes PLC

     218         520   

Greencore Group PLC

     751         2,287   

Irish Continental Group PLC

     201         954   

Origin Enterprises PLC

     211         1,376   

UDG Healthcare PLC

     144         1,189   
     

 

 

 
Total Ireland               8,462   
Israel – 2.6%      

Africa Israel Properties Ltd.

     102         1,749   

Amot Investments Ltd.

     508         2,157   

Avgol Industries 1953 Ltd.

     506         610   

B Communications Ltd.

     143         3,132   

Delek Automotive Systems Ltd.

     237         2,094   

Delek Group Ltd.

     26         5,560   

Direct Insurance Financial Investments Ltd.

     111         990   

El Al Israel Airlines

     821         545   

First International Bank of Israel Ltd.

     125         1,835   

Gazit-Globe Ltd.

     466         3,975   

Harel Insurance Investments & Financial Services Ltd.

     245         1,127   

Industrial Buildings Corp., Ltd.

     952         1,140   

Inrom Construction Industries Ltd.

     414         1,366   

Matrix IT Ltd.

     153         1,222   

Maytronics Ltd.

     239         918   

Melisron Ltd.

     59         2,514   

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     17         687   

Shikun & Binui Ltd.

     1,103         2,112   

Shufersal Ltd.

     290         1,084   

Strauss Group Ltd.

     67         1,061   
     

 

 

 
Total Israel               35,878   
Investments    Shares      Value  
         
Italy – 4.7%      

Anima Holding SpA(b)

     740       $ 4,027   

Ansaldo STS SpA

     168         2,098   

Ascopiave SpA

     675         1,939   

Astaldi SpA(a)

     220         1,253   

ASTM SpA

     136         1,485   

Autogrill SpA

     239         2,164   

Banca IFIS SpA

     77         2,112   

Banco Popolare SC

     924         2,234   

BasicNet SpA

     191         675   

Biesse SpA

     58         1,171   

Cairo Communication SpA

     192         772   

Cerved Information Solutions SpA

     219         1,823   

Cofide SpA

     1,311         527   

Credito Emiliano SpA

     387         2,331   

Credito Valtellinese SC

     3,857         1,515   

ERG SpA

     267         2,872   

Esprinet SpA

     78         582   

Geox SpA(a)

     494         1,152   

Gruppo MutuiOnline SpA

     68         606   

Immobiliare Grande Distribuzione SIIQ SpA

     1,725         1,317   

Industria Macchine Automatiche SpA

     48         2,916   

Interpump Group SpA

     70         1,148   

Iren SpA

     2,005         3,291   

Italmobiliare SpA

     1         47   

La Doria SpA

     97         918   

Maire Tecnimont SpA

     303         825   

MARR SpA

     111         2,031   

OVS SpA(b)

     257         1,296   

RAI Way SpA(b)

     352         1,329   

Saras SpA

     4,069         7,382   

Societa Cattolica di Assicurazioni SCRL

     404         2,373   

Societa Iniziative Autostradali e Servizi SpA

     334         2,854   

Tod’s SpA(a)

     57         3,715   

TREVI – Finanziaria Industriale SpA*

     449         465   

Zignago Vetro SpA

     106         617   
     

 

 

 
Total Italy               63,862   
Japan – 27.9%      

77 Bank Ltd. (The)

     679         3,283   

Accordia Golf Co., Ltd.

     82         845   

Advantest Corp.

     100         1,687   

Airport Facilities Co., Ltd.

     135         666   

Akita Bank Ltd. (The)

     396         1,283   

Amano Corp.

     100         1,760   

Aomori Bank Ltd. (The)

     487         1,637   

Arakawa Chemical Industries Ltd.

     5         80   

Arcland Sakamoto Co., Ltd.

     82         955   

As One Corp.

     35         1,460   

Asahi Broadcasting Corp.

     108         647   

ASKUL Corp.

     25         857   

Awa Bank Ltd. (The)

     350         2,143   

Bank of Iwate Ltd. (The)

     33         1,333   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      43   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Bank of Nagoya Ltd. (The)

     49       $ 1,746   

Bank of Okinawa Ltd. (The)

     42         1,532   

Bell System24 Holdings, Inc.

     1         8   

Belluna Co., Ltd.

     55         340   

Benesse Holdings, Inc.

     101         2,788   

BP Castrol K.K.

     100         1,189   

Calsonic Kansei Corp.

     158         2,423   

Capcom Co., Ltd.

     44         1,037   

Chiyoda Integre Co., Ltd.

     65         1,312   

Chofu Seisakusho Co., Ltd.

     41         923   

Chugoku Bank Ltd. (The)

     139         2,000   

COMSYS Holdings Corp.

     100         1,836   

CONEXIO Corp.

     100         1,280   

Cosmo Energy Holdings Co., Ltd.

     119         1,676   

Daido Metal Co., Ltd.

     4         40   

Daihen Corp.

     185         1,145   

Daiichi Jitsugyo Co., Ltd.

     174         998   

Daiichikosho Co., Ltd.

     71         2,812   

Daiken Corp.

     82         1,453   

Daikoku Denki Co., Ltd.

     71         1,091   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     313         1,691   

DCM Holdings Co., Ltd.

     134         1,193   

Denyo Co., Ltd.

     95         1,290   

Descente Ltd.

     83         958   

Dexerials Corp.

     155         1,476   

DIC Corp.

     68         2,070   

Dip Corp.

     41         850   

Doshisha Co., Ltd.

     46         828   

Dowa Holdings Co., Ltd.

     358         2,744   

Dynam Japan Holdings Co., Ltd.

     1,800         2,758   

Ebara Corp.

     26         742   

EDION Corp.

     100         940   

Eighteenth Bank Ltd. (The)

     551         1,649   

Eiken Chemical Co., Ltd.

     40         1,055   

Enplas Corp.

     47         1,390   

Exedy Corp.

     30         846   

Fancl Corp.

     15         210   

Feed One Co., Ltd.

     445         591   

FIDEA Holdings Co., Ltd.(a)

     519         930   

Foster Electric Co., Ltd.

     57         1,082   

FP Corp.

     59         2,711   

Fudo Tetra Corp.

     600         1,055   

Fujicco Co., Ltd.

     70         1,449   

Fujikura Ltd.

     123         670   

Fujimori Kogyo Co., Ltd.

     71         1,772   

Fujitsu General Ltd.

     49         1,039   

Fukui Bank Ltd. (The)

     591         1,495   

Fukuyama Transporting Co., Ltd.

     309         1,757   

Furukawa Electric Co., Ltd.

     74         2,170   

Future Corp.

     100         622   

Gakkyusha Co., Ltd.

     12         148   

Gfoot Co., Ltd.

     10         69   

Godo Steel Ltd.

     55         996   

Gree, Inc.

     200         1,058   
Investments    Shares      Value  

GS Yuasa Corp.

     758       $ 3,158   

Gunma Bank Ltd. (The)

     487         2,672   

Gurunavi, Inc.

     59         1,176   

Hachijuni Bank Ltd. (The)

     484         2,814   

Hakuto Co., Ltd.

     42         375   

Hanwa Co., Ltd.

     698         4,578   

Happinet Corp.

     126         1,381   

Heiwa Corp.

     149         3,413   

Hiroshima Bank Ltd. (The)

     98         459   

HIS Co., Ltd.

     44         1,160   

Hitachi Kokusai Electric, Inc.

     23         482   

Hitachi Transport System Ltd.

     60         1,221   

Hokuetsu Industries Co., Ltd.

     189         1,290   

Hokuhoku Financial Group, Inc.

     106         1,833   

Horiba Ltd.

     73         3,386   

Hyakujushi Bank Ltd. (The)

     677         2,304   

Ibiden Co., Ltd.

     110         1,484   

IBJ Leasing Co., Ltd.

     39         873   

Iino Kaiun Kaisha Ltd.

     130         514   

Imasen Electric Industrial

     86         739   

Itochu Enex Co., Ltd.

     100         788   

J-Oil Mills, Inc.

     34         1,163   

Japan Radio Co., Ltd.

     74         888   

Japan Transcity Corp.

     275         1,007   

Japan Wool Textile Co., Ltd. (The)

     184         1,373   

Jimoto Holdings, Inc.

     700         1,188   

Joshin Denki Co., Ltd.

     93         789   

K’s Holdings Corp.

     95         1,667   

Kadokawa Dwango*

     73         1,057   

Kamei Corp.

     91         932   

Kandenko Co., Ltd.

     178         1,610   

Kasai Kogyo Co., Ltd.

     5         59   

Kato Sangyo Co., Ltd.

     48         1,126   

Kato Works Co., Ltd.

     64         1,665   

Keiyo Bank Ltd. (The)

     602         2,736   

Kenedix, Inc.

     136         485   

Kitagawa Iron Works Co., Ltd.

     1         20   

Kitano Construction Corp.

     563         1,554   

Kito Corp.

     20         217   

Kitz Corp.

     100         548   

Koa Corp.

     92         880   

Kobe Bussan Co., Ltd.

     36         1,269   

Konaka Co., Ltd.

     150         751   

Krosaki Harima Corp.

     493         1,298   

Kurabo Industries Ltd.

     637         1,251   

KYB Corp.

     800         3,889   

KYORIN Holdings, Inc.

     73         1,569   

Kyoto Kimono Yuzen Co., Ltd.

     32         260   

Kyowa Exeo Corp.

     100         1,442   

Kyudenko Corp.

     36         969   

Leopalace21 Corp.

     89         493   

Life Corp.

     66         1,865   

Macnica Fuji Electronics Holdings, Inc.

     52         686   

Maeda Corp.

     141         1,233   

Maeda Road Construction Co., Ltd.

     142         2,380   

 

See Notes to Financial Statements.

 

44   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Makino Milling Machine Co., Ltd.

     252       $ 1,977   

Mandom Corp.

     21         907   

Mani, Inc.

     54         1,290   

Marubun Corp.

     84         494   

Megmilk Snow Brand Co., Ltd.

     54         1,491   

Meisei Industrial Co., Ltd.

     98         479   

Micronics Japan Co., Ltd.

     91         904   

Mie Bank Ltd. (The)

     89         1,780   

Miraca Holdings, Inc.

     80         3,601   

Mirait Holdings Corp.

     100         905   

Mitsubishi Steel Manufacturing Co., Ltd.

     737         1,441   

Mitsui Home Co., Ltd.

     302         1,321   

Mitsui Sugar Co., Ltd.

     53         1,139   

Mitsui-Soko Holdings Co., Ltd.

     451         1,330   

Miyazaki Bank Ltd. (The)

     583         1,804   

Mochida Pharmaceutical Co., Ltd.

     21         1,460   

Morinaga & Co., Ltd.

     28         1,170   

Nachi-Fujikoshi Corp.

     623         2,708   

Nakanishi, Inc.

     39         1,511   

NEC Networks & System Integration Corp.

     6         109   

NHK Spring Co., Ltd.

     254         2,426   

Nichias Corp.

     149         1,441   

Nichiha Corp.

     54         1,338   

Nichireki Co., Ltd.

     87         687   

Nihon House Holdings Co., Ltd.

     227         961   

Nihon Nohyaku Co., Ltd.

     123         680   

Nihon Parkerizing Co., Ltd.

     40         470   

Nihon Unisys Ltd.

     100         1,260   

Nikkon Holdings Co., Ltd.

     50         1,046   

Nippo Corp.

     112         2,094   

Nippon Coke & Engineering Co., Ltd.

     974         894   

Nippon Denko Co., Ltd.

     294         605   

Nippon Electric Glass Co., Ltd.

     764         4,140   

Nippon Flour Mills Co., Ltd.

     81         1,129   

Nippon Kayaku Co., Ltd.

     263         3,254   

Nippon Koei Co., Ltd.

     73         1,630   

Nippon Light Metal Holdings Co., Ltd.

     600         1,271   

Nippon Paper Industries Co., Ltd.

     100         1,698   

Nippon Parking Development Co., Ltd.

     391         557   

Nippon Road Co., Ltd. (The)

     393         1,537   

Nipro Corp.

     190         2,082   

Nishimatsu Construction Co., Ltd.

     750         3,640   

Nissha Printing Co., Ltd.

     34         821   

Nisshin Oillio Group Ltd. (The)

     211         973   

Nisshin Steel Co., Ltd.

     100         1,235   

Nissin Electric Co., Ltd.

     40         442   

Nitta Corp.

     56         1,529   

Noevir Holdings Co., Ltd.

     73         2,291   

NOF Corp.

     173         1,669   

Nomura Co., Ltd.

     79         1,146   

NTN Corp.

     924         3,747   

Obara Group, Inc.

     27         1,206   

Ohsho Food Service Corp.

     72         2,719   

Oita Bank Ltd. (The)

     665         2,492   

Okasan Securities Group, Inc.

     790         4,890   
Investments    Shares      Value  

Oki Electric Industry Co., Ltd.

     100       $ 1,408   

OKUMA Corp.

     225         2,151   

Okumura Corp.

     452         2,550   

Onward Holdings Co., Ltd.

     321         2,254   

Open House Co., Ltd.

     65         1,549   

PAL GROUP Holdings Co., Ltd.

     45         1,071   

Penta-Ocean Construction Co., Ltd.

     100         484   

Prima Meat Packers Ltd.

     289         1,031   

Raysum Co., Ltd.(a)

     22         147   

Relo Group, Inc.

     6         857   

Rengo Co., Ltd.

     250         1,363   

Resorttrust, Inc.

     26         481   

Ricoh Leasing Co., Ltd.

     11         340   

Riken Corp.

     54         2,049   

Roland DG Corp.

     68         1,781   

Round One Corp.

     130         903   

Ryoden Corp.

     181         1,145   

Sac’s Bar Holdings, Inc.

     6         61   

Saizeriya Co., Ltd.

     46         1,036   

Sakai Chemical Industry Co., Ltd.

     356         1,193   

Sakata INX Corp.

     80         992   

San-A Co., Ltd.

     17         825   

San-Ai Oil Co., Ltd.

     29         208   

Sanden Holdings Corp.

     427         1,362   

Sangetsu Corp.

     96         1,668   

Sankyu, Inc.

     328         1,988   

Sanoh Industrial Co., Ltd.

     172         1,221   

Sanwa Holdings Corp.

     100         956   

Sanyo Chemical Industries Ltd.

     26         1,115   

Sanyo Denki Co., Ltd.

     248         1,737   

Sanyo Trading Co., Ltd.

     36         494   

SBI Holdings, Inc.

     204         2,601   

Seikagaku Corp.

     61         906   

Senko Co., Ltd.

     180         1,218   

SFP Dining Co., Ltd.

     72         915   

Shiga Bank Ltd. (The)

     420         2,290   

Shikoku Chemicals Corp.

     112         1,020   

Shimachu Co., Ltd.

     53         1,415   

Shinsho Corp.

     99         2,063   

Shoei Co., Ltd.

     77         1,384   

Showa Denko K.K.

     100         1,435   

Showa Sangyo Co., Ltd.

     252         1,299   

Skylark Co., Ltd.

     169         2,237   

Sumco Corp.

     196         2,538   

Sumitomo Forestry Co., Ltd.

     100         1,327   

Sumitomo Mitsui Construction Co., Ltd.

     866         913   

Sumitomo Riko Co., Ltd.

     1         10   

Sumitomo Seika Chemicals Co., Ltd.

     25         983   

Sumitomo Warehouse Co., Ltd. (The)

     322         1,706   

T-Gaia Corp.

     100         1,632   

Tadano Ltd.

     127         1,603   

Taiho Kogyo Co., Ltd.

     7         98   

Taiyo Holdings Co., Ltd.

     59         2,299   

Takara Holdings, Inc.

     100         923   

Takeuchi Manufacturing Co., Ltd.

     53         1,183   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      45   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

TASAKI & Co., Ltd.

     57         $            769   

Tatsuta Electric Wire and Cable Co., Ltd.(a)

     268         1,045   

TechnoPro Holdings, Inc.

     73         2,347   

TIS, Inc.

     60         1,286   

TOA Corp.

     16         144   

Tocalo Co., Ltd.

     88         1,916   

Tochigi Bank Ltd. (The)

     144         709   

Toda Corp.

     404         2,137   

Toho Bank Ltd. (The)

     614         2,301   

Tokai Tokyo Financial Holdings, Inc.

     118         629   

Tokyo Dome Corp.

     29         286   

Tokyo Steel Manufacturing Co., Ltd.

     57         438   

Tokyo Tekko Co., Ltd.

     252         1,018   

Tokyo TY Financial Group, Inc.

     48         1,677   

Tokyotokeiba Co., Ltd.

     804         1,847   

Tokyu Construction Co., Ltd.

     100         808   

TOMONY Holdings, Inc.

     201         1,043   

Toshiba Machine Co., Ltd.

     452         1,818   

Totetsu Kogyo Co., Ltd.

     45         1,169   

Towa Bank Ltd. (The)

     473         450   

Toyo Ink SC Holdings Co., Ltd.

     644         2,954   

Toyo Securities Co., Ltd.

     12         29   

Toyo Tire & Rubber Co., Ltd.

     137         1,709   

Toyobo Co., Ltd.

     870         1,298   

Transcosmos, Inc.

     9         211   

TS Tech Co., Ltd.

     84         2,168   

Tsubaki Nakashima Co., Ltd.

     93         1,357   

Tsubakimoto Chain Co.

     283         2,305   

Tsugami Corp.

     233         1,340   

Tsumura & Co.

     13         359   

UACJ Corp.

     520         1,431   

UKC Holdings Corp.

     54         971   

Vital KSK Holdings, Inc.

     100         849   

Wacoal Holdings Corp.

     269         3,144   

Wacom Co., Ltd.

     18         47   

YAMABIKO Corp.

     59         824   

Yamagata Bank Ltd. (The)

     343         1,453   

Yamanashi Chuo Bank Ltd. (The)

     419         2,001   

Yokohama Reito Co., Ltd.

     100         879   

Yondoshi Holdings, Inc.

     42         889   

Yumeshin Holdings Co., Ltd.

     200         1,351   

Yushin Precision Equipment Co., Ltd.

     49         1,215   

Zeon Corp.

     270         2,671   
     

 

 

 
Total Japan               378,519   
Netherlands – 1.6%      

Arcadis N.V.

     173         2,432   

BE Semiconductor Industries N.V.

     82         2,737   

Beter Bed Holding N.V.

     69         1,230   

Brunel International N.V.

     200         3,246   

Corbion N.V.

     92         2,468   

Flow Traders(b)

     102         3,522   

IMCD Group N.V.

     25         1,068   

Koninklijke BAM Groep N.V.

     109         505   

Refresco Group N.V.(b)

     93         1,415   

TKH Group N.V. CVA

     56         2,220   

Wessanen

     45         632   
     

 

 

 
Total Netherlands               21,475   
Investments    Shares      Value  
New Zealand – 3.4%      

Air New Zealand Ltd.

     3,749       $ 5,738   

EBOS Group Ltd.

     257         2,993   

Freightways Ltd.

     345         1,624   

Genesis Energy Ltd.

     3,136         4,592   

Heartland Bank Ltd.

     1,475         1,543   

Infratil Ltd.

     1,539         2,951   

Kathmandu Holdings Ltd.

     583         793   

Kiwi Property Group Ltd.

     3,958         3,822   

Mainfreight Ltd.

     122         1,762   

NZX Ltd.

     2,103         1,540   

Port of Tauranga Ltd.

     444         1,192   

SKY Network Television Ltd.

     1,177         3,734   

SKYCITY Entertainment Group Ltd.

     1,346         3,689   

Steel & Tube Holdings Ltd.

     653         1,079   

Trade Me Group Ltd.

     872         3,046   

Trustpower Ltd.

     518         1,712   

Z Energy Ltd.

     807         4,085   
     

 

 

 
Total New Zealand               45,895   
Norway – 3.2%      

AF Gruppen ASA

     66         1,185   

Aker ASA Class A

     175         6,567   

Atea ASA*

     259         2,392   

Austevoll Seafood ASA

     734         7,142   

Borregaard ASA

     159         1,561   

Entra ASA(b)

     249         2,480   

Kongsberg Gruppen ASA

     76         1,099   

Norway Royal Salmon ASA

     44         1,058   

Ocean Yield ASA

     465         3,511   

Protector Forsikring ASA(a)

     112         895   

Selvaag Bolig ASA

     186         864   

SpareBank 1 Nord Norge

     202         1,226   

SpareBank 1 SMN

     260         1,956   

SpareBank 1 SR-Bank ASA

     388         2,738   

Sparebanken Vest

     77         433   

TGS Nopec Geophysical Co. ASA

     101         2,249   

Tomra Systems ASA

     125         1,314   

Veidekke ASA

     209         2,999   

XXL ASA(b)

     132         1,503   
     

 

 

 
Total Norway               43,172   
Portugal – 1.3%      

CTT-Correios de Portugal S.A.

     503         3,419   

Mota-Engil, SGPS, S.A.

     589         1,000   

Navigator Co. S.A. (The)

     2,658         9,154   

Pharol, SGPS, S.A.

     5,413         1,182   

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

     1,160         3,301   
     

 

 

 
Total Portugal               18,056   
Singapore – 2.4%      

Accordia Golf Trust

     4,465         1,947   

Asian Pay Television Trust

     7,301         1,895   

Boustead Singapore Ltd.

     885         493   

China Aviation Oil Singapore Corp., Ltd.

     634         614   

Chip Eng Seng Corp., Ltd.

     1,305         569   

 

See Notes to Financial Statements.

 

46   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

CWT Ltd.

     1,000       $ 1,336   

First Resources Ltd.

     927         1,219   

GuocoLand Ltd.

     900         1,121   

Hyflux Ltd.

     1,630         581   

Keppel Infrastructure Trust

     4,261         1,401   

M1 Ltd.

     2,715         3,683   

Raffles Medical Group Ltd.

     1,500         1,485   

RHT Health Trust

     2,568         1,627   

Riverstone Holdings Ltd.

     574         350   

Sembcorp Marine Ltd.(a)

     3,503         3,346   

Sheng Siong Group Ltd.

     2,800         1,832   

Super Group Ltd.

     1,539         1,364   

United Engineers Ltd.

     1,200         2,126   

Venture Corp., Ltd.

     708         4,842   

Yanlord Land Group Ltd.

     1,309         1,196   
     

 

 

 
Total Singapore               33,027   
Spain – 1.2%      

Applus Services S.A.

     94         957   

Cie Automotive S.A.

     88         1,719   

Duro Felguera S.A.*(a)

     484         572   

Faes Farma S.A.

     417         1,478   

Obrascon Huarte Lain S.A.(a)

     386         1,341   

Papeles y Cartones de Europa S.A.

     114         631   

Sacyr S.A.*

     981         2,297   

Saeta Yield S.A.

     255         2,187   

Tecnicas Reunidas S.A.

     115         4,726   
     

 

 

 
Total Spain               15,908   
Sweden – 5.5%      

Acando AB

     347         989   

AddTech AB Class B

     50         784   

AF AB Class B

     101         1,857   

Alimak Group AB(b)

     64         911   

Atrium Ljungberg AB Class B

     126         1,974   

Avanza Bank Holding AB

     44         1,787   

B&B Tools AB Class B

     20         421   

Bilia AB Class A

     87         2,006   

Bjorn Borg AB*

     105         390   

Bravida Holding AB(b)

     162         985   

Bulten AB

     63         617   

Capio AB(b)

     91         482   

Clas Ohlson AB Class B

     142         2,095   

Cloetta AB Class B

     266         840   

Com Hem Holding AB

     196         1,875   

Coor Service Management Holding AB(b)

     185         1,034   

Dustin Group AB(b)

     122         859   

Eltel AB(b)

     64         440   

Evolution Gaming Group AB(b)

     22         628   

Granges AB

     89         843   

Haldex AB

     67         859   

Hemfosa Fastigheter AB

     243         2,274   

HIQ International AB*

     129         873   

Holmen AB Class B

     103         3,705   

Indutrade AB

     93         1,873   
Investments    Shares      Value  

Inwido AB

     62       $ 645   

ITAB Shop Concept AB Class B

     86         769   

JM AB

     113         3,274   

KappAhl AB

     122         678   

Kungsleden AB

     330         2,098   

Lagercrantz Group AB Class B

     48         441   

Lindab International AB

     73         587   

Loomis AB Class B

     95         2,835   

Mekonomen AB

     80         1,510   

Modern Times Group MTG AB Class B

     131         3,893   

MQ Holding AB

     134         534   

Munksjo Oyj*

     60         1,000   

Mycronic AB

     251         2,708   

NetEnt AB*

     179         1,385   

Nobia AB

     266         2,484   

Nobina AB(b)

     210         1,173   

Nordax Group AB(b)

     89         507   

NP3 Fastigheter AB

     157         795   

Peab AB

     425         3,382   

Ratos AB Class B

     1,007         4,782   

Rottneros AB

     619         549   

Scandi Standard AB

     107         671   

SkiStar AB

     60         1,007   

Sweco AB Class B

     112         2,222   

Thule Group AB(b)

     65         1,020   

Wihlborgs Fastigheter AB

     109         2,033   
     

 

 

 
Total Sweden               74,383   
Switzerland – 1.3%      

Ascom Holding AG Registered Shares

     45         708   

Cembra Money Bank AG*

     66         4,818   

GAM Holding AG*

     474         5,503   

Implenia AG Registered Shares

     25         1,851   

Kudelski S.A. Bearer Shares*

     54         938   

Mobilezone Holding AG Registered Shares

     58         828   

u-blox Holding AG*

     5         941   

Valiant Holding AG Registered Shares

     17         1,696   
     

 

 

 
Total Switzerland               17,283   
United Arab Emirates – 0.1%      

Gulf Marine Services PLC

     1,519         920   
United Kingdom – 15.2%      

A.G. Barr PLC

     172         1,066   

Abcam PLC

     105         995   

Acacia Mining PLC

     115         531   

Assura PLC

     2,221         1,564   

AVEVA Group PLC

     60         1,393   

BCA Marketplace PLC

     580         1,337   

BGEO Group PLC

     58         2,139   

Big Yellow Group PLC

     243         2,058   

Bloomsbury Publishing PLC

     377         791   

Bodycote PLC

     378         3,008   

Bovis Homes Group PLC

     246         2,493   

Card Factory PLC

     1,064         3,326   

Carillion PLC

     1,335         3,895   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      47   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Chesnara PLC

     310       $ 1,399   

Cineworld Group PLC

     350         2,444   

Clarkson PLC(a)

     37         994   

Clinigen Healthcare Ltd.*

     98         860   

Computacenter PLC

     214         2,115   

Concentric AB

     75         939   

Connect Group PLC

     818         1,544   

Countrywide PLC

     433         943   

Cranswick PLC

     47         1,361   

Crest Nicholson Holdings PLC

     372         2,082   

Dart Group PLC

     107         656   

De La Rue PLC

     316         2,401   

Debenhams PLC

     3,225         2,283   

Dechra Pharmaceuticals PLC

     79         1,313   

DFS Furniture PLC

     466         1,307   

Diploma PLC

     140         1,797   

Drax Group PLC

     459         2,143   

E2V Technologies PLC

     244         823   

Electrocomponents PLC

     999         5,884   

Elementis PLC

     1,207         4,137   

Epwin Group PLC

     397         502   

esure Group PLC

     868         2,161   

Euromoney Institutional Investor PLC

     102         1,443   

Exova Group PLC

     253         594   

FDM Group Holdings PLC

     155         1,082   

Fenner PLC

     744         2,167   

Fidessa Group PLC

     65         1,838   

Foxtons Group PLC

     975         1,229   

Galliford Try PLC

     223         3,557   

GAME Digital PLC(a)

     912         665   

Gamma Communications PLC

     83         478   

Genus PLC

     44         976   

Go-Ahead Group PLC

     62         1,717   

Halfords Group PLC

     414         1,870   

Hastings Group Holdings PLC(b)

     489         1,492   

Henry Boot PLC

     345         859   

Hill & Smith Holdings PLC

     125         1,852   

HomeServe PLC

     349         2,674   

Huntsworth PLC

     836         393   

Ibstock PLC(b)

     477         1,098   

Indivior PLC

     1,232         4,509   

ITE Group PLC

     498         949   

J D Wetherspoon PLC(a)

     91         999   

James Fisher & Sons PLC

     41         790   

James Halstead PLC

     181         1,084   

John Laing Group PLC(b)

     470         1,573   

John Menzies PLC

     146         1,075   

Johnson Service Group PLC

     492         698   

JRP Group PLC

     958         1,770   

Kcom Group PLC

     1,291         1,512   

Keller Group PLC

     110         1,147   

Kier Group PLC

     225         3,817   

Ladbrokes Coral Group PLC

     1,199         1,719   

Laird PLC

     834         1,577   
Investments    Shares      Value  

Lavendon Group PLC

     509       $ 1,660   

LSL Property Services PLC

     203         578   

M&C Saatchi PLC

     149         700   

Marshalls PLC

     328         1,186   

Marston’s PLC

     1,756         2,951   

McCarthy & Stone PLC(b)

     81         161   

McKay Securities PLC

     356         765   

Melrose Industries PLC

     1,646         4,022   

Millennium & Copthorne Hotels PLC

     269         1,530   

Mitchells & Butlers PLC

     545         1,690   

Mitie Group PLC(a)

     562         1,558   

MJ Gleeson PLC

     98         660   

Morgan Advanced Materials PLC

     639         2,254   

N Brown Group PLC

     1,057         2,906   

Northgate PLC

     292         1,779   

Numis Corp. PLC

     217         659   

OneSavings Bank PLC

     328         1,370   

Oxford Instruments PLC

     61         552   

Pagegroup PLC

     1,090         5,260   

Pan African Resources PLC

     2,402         460   

PayPoint PLC

     137         1,703   

Pets at Home Group PLC

     620         1,831   

Photo-Me International PLC

     760         1,540   

PZ Cussons PLC

     461         1,904   

Renishaw PLC

     79         2,468   

Restaurant Group PLC (The)

     432         1,732   

Ricardo PLC

     48         571   

Robert Walters PLC

     160         675   

RWS Holdings PLC

     253         1,091   

Safestore Holdings PLC

     235         1,016   

Senior PLC

     608         1,460   

Servelec Group PLC

     100         336   

Shanks Group PLC

     1,146         1,303   

SIG PLC

     1,073         1,368   

Speedy Hire PLC

     604         381   

Spire Healthcare Group PLC(b)

     199         830   

Spirent Communications PLC

     833         1,016   

SSP Group PLC

     426         2,038   

Stagecoach Group PLC

     1,206         3,222   

SThree PLC

     245         939   

Stock Spirits Group PLC

     257         574   

SuperGroup PLC

     26         529   

Synthomer PLC

     381         1,801   

Telecom Plus PLC

     137         1,991   

Telit Communications PLC(a)

     126         428   

Topps Tiles PLC

     422         456   

TP ICAP PLC

     494         2,645   

U & I Group PLC

     514         1,080   

Unite Group PLC (The)

     318         2,381   

Urban & Civic PLC

     244         681   

Utilitywise PLC

     210         518   

Vedanta Resources PLC

     832         9,042   

Vertu Motors PLC

     1,145         615   

Vesuvius PLC

     597         2,916   

 

See Notes to Financial Statements.

 

48   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Victrex PLC

     143       $ 3,412   

Virgin Money Holdings UK PLC

     292         1,092   

Wilmington PLC

     298         1,000   

Xaar PLC

     85         420   

Zoopla Property Group PLC(b)

     227         896   
     

 

 

 
Total United Kingdom               206,489   

TOTAL COMMON STOCKS

(Cost: $1,250,865)

              1,352,353   
RIGHTS – 0.0%      
Australia – 0.0%      

Estia Health Ltd., expiring 1/11/17*

     143         52   
Italy – 0.0%      

Credito Valtellinese SC, expiring 1/5/17*

     3,857         0   
Spain – 0.0%      

Faes Farma S.A., expiring 1/5/17*

     417         40   

TOTAL RIGHTS

(Cost: $39)

              92   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2%   
United States – 2.2%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.50%(c)

(Cost: $29,639)(d)

     29,639         29,639   

TOTAL INVESTMENTS IN SECURITIES – 102.0%

(Cost: $1,280,543)

        1,382,084   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (2.0)%

        (26,878
     

 

 

 
NET ASSETS – 100.0%             $ 1,355,206   
*  Non-income producing security.

 

  Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represent 0.0% of net assets.

 

(a)  Security, or portion thereof, was on loan at December 31, 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 December 31, 2016.

 

(d)  At December 31, 2016, the total market value of the Fund’s securities on loan was $40,626 and the total market value of the collateral held by the Fund was $42,765. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $13,126.

CVA - Certificaten Van Aandelen (Certificate of Stock)

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/3/2017

    DKK        15,542        USD        2,220      $ 15   

1/3/2017

    DKK        20,393        USD        2,913        20   

1/3/2017

    DKK        20,392        USD        2,913        20   

1/3/2017

    DKK        20,401        USD        2,913        19   

1/3/2017

    DKK        20,395        USD        2,913        20   

1/3/2017

    EUR        405        SEK        3,884          

1/3/2017

    EUR        43,904        USD        46,659        351   

1/3/2017

    EUR        43,904        USD        46,659        352   

1/3/2017

    EUR        33,451        USD        35,550        267   

1/3/2017

    EUR        43,904        USD        46,659      $ 351   

1/3/2017

    EUR        43,904        USD        46,659        351   

1/3/2017

    ILS        11,101        USD        2,897        13   

1/3/2017

    ILS        14,565        USD        3,802        18   

1/3/2017

    ILS        14,567        USD        3,802        17   

1/3/2017

    ILS        14,568        USD        3,802        17   

1/3/2017

    ILS        14,567        USD        3,802        17   

1/3/2017

    NOK        4,217        SEK        4,450          

1/3/2017

    NOK        76,267        USD        8,960        100   

1/3/2017

    NOK        58,111        USD        6,827        76   

1/3/2017

    NOK        76,267        USD        8,960        100   

1/3/2017

    NOK        76,266        USD        8,960        100   

1/3/2017

    NOK        76,275        USD        8,960        99   

1/3/2017

    SEK        113,901        USD        12,365        (173

1/3/2017

    SEK        86,790        USD        9,421        (133

1/3/2017

    SEK        113,909        USD        12,365        (174

1/3/2017

    SEK        113,911        USD        12,365        (174

1/3/2017

    SEK        113,921        USD        12,365        (175

1/3/2017

    USD        128        DKK        909        1   

1/3/2017

    USD        3,436        DKK        24,223          

1/3/2017

    USD        3,573        DKK        25,189          

1/3/2017

    USD        3,162        DKK        22,291          

1/3/2017

    USD        3,573        DKK        25,188          

1/3/2017

    USD        2,055        EUR        1,962        15   

1/3/2017

    USD        55,032        EUR        52,177        2   

1/3/2017

    USD        57,234        EUR        54,265        2   

1/3/2017

    USD        50,631        EUR        48,004        1   

1/3/2017

    USD        57,234        EUR        54,263          

1/3/2017

    USD        167        ILS        637        (2

1/3/2017

    USD        4,663        ILS        17,947          

1/3/2017

    USD        4,484        ILS        17,259          

1/3/2017

    USD        4,663        ILS        17,946          

1/3/2017

    USD        4,128        ILS        15,887          

1/3/2017

    USD        395        NOK        3,432        4   

1/3/2017

    USD        10,568        NOK        90,971        1   

1/3/2017

    USD        10,990        NOK        94,601          

1/3/2017

    USD        9,724        NOK        83,703          

1/3/2017

    USD        10,990        NOK        94,599          

1/3/2017

    USD        544        SEK        4,996        6   

1/3/2017

    USD        14,584        SEK        132,496        1   

1/3/2017

    USD        15,167        SEK        137,790          

1/3/2017

    USD        13,419        SEK        121,908          

1/3/2017

    USD        15,167        SEK        137,786          

1/4/2017

    AUD        891        EUR        610        (2

1/4/2017

    AUD        580        EUR        397        (1

1/4/2017

    AUD        56        ILS        157          

1/4/2017

    AUD        24,058        USD        17,760        339   

1/4/2017

    AUD        18,336        USD        13,536        259   

1/4/2017

    AUD        24,058        USD        17,760        339   

1/4/2017

    AUD        24,059        USD        17,760        339   

1/4/2017

    AUD        24,058        USD        17,760        339   

1/4/2017

    CHF        3,064        USD        3,016        1   

1/4/2017

    CHF        4,016        USD        3,953        1   

1/4/2017

    CHF        4,017        USD        3,953        1   

1/4/2017

    CHF        4,016        USD        3,953        1   

1/4/2017

    CHF        4,017        USD        3,953        1   

1/4/2017

    GBP        766        EUR        897        (1

1/4/2017

    GBP        21,774        USD        27,234        329   

1/4/2017

    GBP        28,574        USD        35,740        433   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      49   


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2016

 

  

 

 

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/4/2017

    GBP        28,573        USD        35,740      $ 433   

1/4/2017

    GBP        28,576        USD        35,740        431   

1/4/2017

    GBP        28,576        USD        35,740        430   

1/4/2017

    USD        782        AUD        1,090        7   

1/4/2017

    USD        20,948        AUD        28,930          

1/4/2017

    USD        21,786        AUD        30,086        (1

1/4/2017

    USD        19,274        AUD        26,618          

1/4/2017

    USD        21,786        AUD        30,087          

1/4/2017

    USD        174        CHF        178        1   

1/4/2017

    USD        4,663        CHF        4,739          

1/4/2017

    USD        4,850        CHF        4,929          

1/4/2017

    USD        4,291        CHF        4,361          

1/4/2017

    USD        4,850        CHF        4,929          

1/4/2017

    USD        1,574        GBP        1,283        12   

1/4/2017

    USD        42,155        GBP        34,117        1   

1/4/2017

    USD        43,841        GBP        35,481        1   

1/4/2017

    USD        38,783        GBP        31,387        1   

1/4/2017

    USD        43,841        GBP        35,480          

1/5/2017

    JPY        689,029        EUR        5,600        (1

1/5/2017

    JPY        108,711        HKD        7,218        (1

1/5/2017

    JPY        19,905        NOK        1,470          

1/5/2017

    JPY        5,274        NZD        65          

1/5/2017

    JPY        17,754        SEK        1,383          

1/5/2017

    JPY        23,954        SGD        297          

1/5/2017

    JPY        5,532,269        USD        48,653        1,221   

1/5/2017

    JPY        7,261,102        USD        63,857        1,602   

1/5/2017

    JPY        7,261,243        USD        63,857        1,601   

1/5/2017

    JPY        7,260,170        USD        63,857        1,610   

1/5/2017

    JPY        7,261,843        USD        63,857        1,596   

1/5/2017

    JPY        30,000        USD        257          

1/5/2017

    NZD        1,763        USD        1,248        19   

1/5/2017

    NZD        2,311        USD        1,636        25   

1/5/2017

    NZD        2,311        USD        1,636        25   

1/5/2017

    NZD        2,311        USD        1,636        25   

1/5/2017

    NZD        2,311        USD        1,636        25   

1/5/2017

    SGD        4,104        USD        2,865        24   

1/5/2017

    SGD        5,384        USD        3,758        32   

1/5/2017

    SGD        5,383        USD        3,758        32   

1/5/2017

    SGD        5,383        USD        3,758        32   

1/5/2017

    SGD        5,383        USD        3,758        32   

1/5/2017

    USD        2,812        JPY        329,311        11   

1/5/2017

    USD        75,317        JPY        8,784,854        2   

1/5/2017

    USD        78,329        JPY        9,136,137        2   

1/5/2017

    USD        69,294        JPY        8,082,244        1   

1/5/2017

    USD        78,329        JPY        9,135,902          

1/5/2017

    USD        72        NZD        105        1   

1/5/2017

    USD        1,930        NZD        2,768          

1/5/2017

    USD        2,007        NZD        2,878          

1/5/2017

    USD        1,776        NZD        2,547          

1/5/2017

    USD        2,007        NZD        2,878          

1/5/2017

    USD        165        SGD        239          

1/5/2017

    USD        4,433        SGD        6,404          

1/5/2017

    USD        4,610        SGD        6,660          

1/5/2017

    USD        4,079        SGD        5,893          

1/5/2017

    USD        4,610        SGD        6,660          

2/2/2017

    AUD        29,434        USD        21,297        (1

2/2/2017

    AUD        30,609        USD        22,148          

2/2/2017

    AUD        27,081        USD        19,595          

2/2/2017

    AUD        30,611        USD        22,148        (1

2/2/2017

    CHF        4,993        USD        4,922      $ (1

2/2/2017

    CHF        5,192        USD        5,118          

2/2/2017

    CHF        4,595        USD        4,530        (1

2/2/2017

    CHF        5,192        USD        5,118        (1

2/2/2017

    DKK        20,523        USD        2,916          

2/2/2017

    DKK        21,346        USD        3,033          

2/2/2017

    DKK        18,899        USD        2,685          

2/2/2017

    DKK        21,348        USD        3,033          

2/2/2017

    EUR        45,497        USD        48,059          

2/2/2017

    EUR        47,315        USD        49,981        1   

2/2/2017

    EUR        41,861        USD        44,215        (4

2/2/2017

    EUR        47,314        USD        49,981        3   

2/2/2017

    GBP        35,142        USD        43,453        (5

2/2/2017

    GBP        36,546        USD        45,191        (2

2/2/2017

    GBP        32,333        USD        39,978        (6

2/2/2017

    GBP        36,550        USD        45,191        (7

2/2/2017

    ILS        17,775        USD        4,621        (1

2/2/2017

    ILS        18,485        USD        4,806          

2/2/2017

    ILS        16,356        USD        4,252        (1

2/2/2017

    ILS        18,486        USD        4,806          

2/2/2017

    NOK        94,035        USD        10,926        (2

2/2/2017

    NOK        97,786        USD        11,363          

2/2/2017

    NOK        86,511        USD        10,052        (1

2/2/2017

    NOK        97,792        USD        11,363        (1

2/2/2017

    NZD        8,242        USD        5,741          

2/2/2017

    NZD        8,572        USD        5,971          

2/2/2017

    NZD        7,586        USD        5,284          

2/2/2017

    NZD        8,572        USD        5,971        (1

2/2/2017

    SEK        141,703        USD        15,624        (3

2/2/2017

    SEK        147,344        USD        16,249          

2/2/2017

    SEK        130,373        USD        14,377          

2/2/2017

    SEK        147,339        USD        16,249        1   

2/3/2017

    JPY        9,042,955        USD        77,653        (7

2/3/2017

    JPY        9,404,708        USD        80,759        (8

2/3/2017

    JPY        8,319,875        USD        71,441        (10

2/3/2017

    JPY        9,405,758        USD        80,759        (17

2/3/2017

    SGD        6,244        USD        4,321          

2/3/2017

    SGD        6,494        USD        4,494          

2/3/2017

    SGD        5,746        USD        3,976          

2/3/2017

    SGD        6,494        USD        4,494        (1
                                    $ 13,058   

 

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

 

See Notes to Financial Statements.

 

50   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Japan – 99.4%      
Air Freight & Logistics – 0.4%      

Kintetsu World Express, Inc.

     300       $ 4,169   

Mitsui-Soko Holdings Co., Ltd.

     1,000         2,949   

Shibusawa Warehouse Co., Ltd. (The)

     3,000         8,951   

Yamato Holdings Co., Ltd.

     300         6,113   
     

 

 

 
Total Air Freight & Logistics               22,182   
Airlines – 0.5%      

ANA Holdings, Inc.

     3,000         8,097   

Japan Airlines Co., Ltd.

     600         17,568   
     

 

 

 
Total Airlines               25,665   
Auto Components – 4.3%      

Aisin Seiki Co., Ltd.

     400         17,388   

Bridgestone Corp.

     1,500         54,195   

Denso Corp.

     1,400         60,772   

Eagle Industry Co., Ltd.

     300         3,994   

Exedy Corp.

     200         5,641   

FCC Co., Ltd.

     100         1,803   

Keihin Corp.

     200         3,512   

Koito Manufacturing Co., Ltd.

     100         5,307   

NGK Spark Plug Co., Ltd.

     300         6,682   

Nifco, Inc.

     100         5,290   

NOK Corp.

     300         6,086   

Stanley Electric Co., Ltd.

     200         5,479   

Sumitomo Electric Industries Ltd.

     1,000         14,460   

Sumitomo Rubber Industries Ltd.

     600         9,548   

Tokai Rika Co., Ltd.

     200         4,021   

Toyoda Gosei Co., Ltd.

     300         7,032   

Toyota Boshoku Corp.

     200         4,608   

TS Tech Co., Ltd.

     200         5,161   

Yokohama Rubber Co., Ltd. (The)

     300         5,391   
     

 

 

 
Total Auto Components               226,370   
Automobiles – 11.1%      

Fuji Heavy Industries Ltd.

     1,500         61,371   

Honda Motor Co., Ltd.

     2,900         84,910   

Isuzu Motors Ltd.

     1,200         15,237   

Mazda Motor Corp.

     500         8,197   

Mitsubishi Motors Corp.

     1,500         8,565   

Nissan Motor Co., Ltd.

     9,300         93,730   

Suzuki Motor Corp.

     400         14,109   

Toyota Motor Corp.

     4,730         278,929   

Yamaha Motor Co., Ltd.

     600         13,241   
     

 

 

 
Total Automobiles               578,289   
Banks – 11.4%      

77 Bank Ltd. (The)

     1,000         4,836   

Aozora Bank Ltd.

     3,000         10,623   

Bank of Kyoto Ltd. (The)

     1,000         7,442   

Chiba Bank Ltd. (The)

     1,000         6,147   

Chugoku Bank Ltd. (The)

     300         4,316   

Daishi Bank Ltd. (The)

     1,000         4,501   

Ehime Bank Ltd. (The)

     400         4,726   
Investments    Shares      Value  

Fukui Bank Ltd. (The)(a)

     2,000       $ 5,059   

Fukuoka Financial Group, Inc.

     2,000         8,900   

Gunma Bank Ltd. (The)

     1,000         5,487   

Hachijuni Bank Ltd. (The)

     1,200         6,976   

Hiroshima Bank Ltd. (The)

     1,000         4,681   

Hokuetsu Bank Ltd. (The)

     100         2,269   

Hokuhoku Financial Group, Inc.

     400         6,917   

Hyakujushi Bank Ltd. (The)

     1,000         3,404   

Iyo Bank Ltd. (The)

     500         3,455   

Juroku Bank Ltd. (The)

     1,000         3,515   

Keiyo Bank Ltd. (The)

     1,000         4,544   

Kyushu Financial Group, Inc.

     500         3,399   

Mebuki Financial Group, Inc.

     2,170         8,056   

Mitsubishi UFJ Financial Group, Inc.

     25,500         157,458   

Mizuho Financial Group, Inc.

     58,300         104,869   

Musashino Bank Ltd. (The)

     200         5,770   

Nishi-Nippon Financial Holdings, Inc.*

     400         4,194   

North Pacific Bank Ltd.

     1,600         6,612   

Ogaki Kyoritsu Bank Ltd. (The)

     1,000         3,901   

Oita Bank Ltd. (The)

     2,000         7,493   

Resona Holdings, Inc.

     5,100         26,214   

Senshu Ikeda Holdings, Inc.

     1,000         4,621   

Shizuoka Bank Ltd. (The)

     1,000         8,419   

Sumitomo Mitsui Financial Group, Inc.

     3,300         126,189   

Sumitomo Mitsui Trust Holdings, Inc.

     700         25,105   

Suruga Bank Ltd.

     200         4,474   
     

 

 

 
Total Banks               594,572   
Beverages – 1.2%      

Asahi Group Holdings Ltd.

     400         12,655   

Coca-Cola East Japan Co., Ltd.

     200         4,417   

Coca-Cola West Co., Ltd.

     200         5,907   

Ito En Ltd.

     200         6,662   

Kirin Holdings Co., Ltd.

     1,100         17,933   

Suntory Beverage & Food Ltd.

     300         12,488   
     

 

 

 
Total Beverages               60,062   
Building Products – 1.3%      

Aica Kogyo Co., Ltd.

     200         5,290   

Asahi Glass Co., Ltd.

     2,000         13,649   

Daikin Industries Ltd.

     200         18,408   

LIXIL Group Corp.

     700         15,928   

Sanwa Holdings Corp.

     400         3,824   

TOTO Ltd.

     200         7,931   
     

 

 

 
Total Building Products               65,030   
Capital Markets – 2.1%      

Daiwa Securities Group, Inc.

     4,000         24,703   

Ichiyoshi Securities Co., Ltd.

     300         2,307   

IwaiCosmo Holdings, Inc.

     400         3,759   

Japan Exchange Group, Inc.

     1,100         15,750   

kabu.com Securities Co., Ltd.

     1,200         4,136   

Matsui Securities Co., Ltd.

     700         6,044   

Nomura Holdings, Inc.

     5,900         34,858   

Okasan Securities Group, Inc.

     1,000         6,190   

SBI Holdings, Inc.

     400         5,100   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      51   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Tokai Tokyo Financial Holdings, Inc.

     1,200       $ 6,399   
     

 

 

 
Total Capital Markets               109,246   
Chemicals – 4.4%      

Asahi Kasei Corp.

     2,000         17,482   

DIC Corp.

     200         6,087   

Hitachi Chemical Co., Ltd.

     300         7,518   

JSR Corp.

     500         7,901   

Kaneka Corp.

     1,000         8,162   

Kansai Paint Co., Ltd.

     200         3,692   

Kuraray Co., Ltd.

     600         9,033   

Lintec Corp.

     200         4,378   

Mitsubishi Chemical Holdings Corp.

     2,100         13,648   

Mitsubishi Gas Chemical Co., Inc.

     500         8,552   

Mitsui Chemicals, Inc.

     1,000         4,501   

Nihon Parkerizing Co., Ltd.

     300         3,526   

Nippon Paint Holdings Co., Ltd.

     200         5,462   

Nippon Shokubai Co., Ltd.

     100         6,259   

Nippon Valqua Industries Ltd.

     500         6,589   

Nissan Chemical Industries Ltd.

     200         6,696   

Nitto Denko Corp.

     200         15,380   

Shin-Etsu Chemical Co., Ltd.

     400         31,095   

Showa Denko K.K.

     500         7,176   

Sumitomo Chemical Co., Ltd.

     2,000         9,534   

Taiyo Holdings Co., Ltd.

     100         3,897   

Taiyo Nippon Sanso Corp.

     500         5,804   

Teijin Ltd.

     200         4,062   

Toagosei Co., Ltd.

     400         3,947   

Toray Industries, Inc.

     1,000         8,113   

Tosoh Corp.

     1,000         7,091   

Toyo Ink SC Holdings Co., Ltd.

     1,000         4,587   

Toyobo Co., Ltd.

     2,000         2,984   

Ube Industries Ltd.

     2,000         4,201   
     

 

 

 
Total Chemicals         227,357   
Commercial Services & Supplies – 0.9%   

Dai Nippon Printing Co., Ltd.

     1,000         9,903   

Kokuyo Co., Ltd.

     200         2,306   

Okamura Corp.

     400         3,604   

Park24 Co., Ltd.

     200         5,436   

Secom Co., Ltd.

     200         14,658   

Toppan Printing Co., Ltd.

     1,000         9,568   
     

 

 

 
Total Commercial Services & Supplies         45,475   
Construction & Engineering – 1.1%   

COMSYS Holdings Corp.

     200         3,671   

Kajima Corp.

     1,000         6,936   

Kinden Corp.

     400         5,000   

Kyowa Exeo Corp.

     300         4,326   

Obayashi Corp.

     900         8,619   

Shimizu Corp.

     1,000         9,166   

Taikisha Ltd.

     200         4,887   

Taisei Corp.

     1,000         7,014   

Toda Corp.

     1,000         5,290   
     

 

 

 
Total Construction & Engineering         54,909   
Investments    Shares      Value  
Construction Materials – 0.1%   

Taiheiyo Cement Corp.

     2,000       $ 6,345   
Containers & Packaging – 0.0%   

Toyo Seikan Group Holdings Ltd.

     100         1,871   
Distributors – 0.2%   

Canon Marketing Japan, Inc.

     200         3,371   

Paltac Corp.

     200         4,736   
     

 

 

 
Total Distributors         8,107   
Diversified Financial Services – 0.1%   

IBJ Leasing Co., Ltd.

     300         6,718   
Diversified Telecommunication Services – 2.2%   

Nippon Telegraph & Telephone Corp.

     2,700         113,709   
Electric Utilities – 0.7%   

Chubu Electric Power Co., Inc.

     700         9,800   

Chugoku Electric Power Co., Inc. (The)

     800         9,404   

Hokuriku Electric Power Co.

     500         5,616   

Shikoku Electric Power Co., Inc.

     500         5,076   

Tohoku Electric Power Co., Inc.

     500         6,332   
     

 

 

 
Total Electric Utilities         36,228   
Electrical Equipment – 1.5%   

Fuji Electric Co., Ltd.

     1,000         5,196   

Furukawa Electric Co., Ltd.

     100         2,932   

GS Yuasa Corp.

     1,000         4,167   

Idec Corp.

     700         6,554   

Mabuchi Motor Co., Ltd.

     100         5,230   

Mitsubishi Electric Corp.

     2,400         33,530   

Nidec Corp.

     200         17,293   

Nitto Kogyo Corp.

     300         4,103   
     

 

 

 
Total Electrical Equipment         79,005   
Electronic Equipment, Instruments & Components – 3.3%   

Alps Electric Co., Ltd.

     200         4,846   

Amano Corp.

     200         3,520   

Azbil Corp.

     200         5,642   

Canon Electronics, Inc.

     300         4,532   

Dexerials Corp.

     400         3,810   

Enplas Corp.

     100         2,958   

Hamamatsu Photonics K.K.

     200         5,273   

Hitachi High-Technologies Corp.

     200         8,085   

Hitachi Ltd.

     7,000         37,930   

Kyocera Corp.

     400         19,932   

Kyosan Electric Manufacturing Co., Ltd.

     1,000         3,378   

Macnica Fuji Electronics Holdings, Inc.

     300         3,959   

Murata Manufacturing Co., Ltd.

     200         26,836   

Nippon Electric Glass Co., Ltd.

     1,000         5,419   

Oki Electric Industry Co., Ltd.

     200         2,816   

Omron Corp.

     300         11,536   

Satori Electric Co., Ltd.

     600         3,750   

TDK Corp.

     100         6,893   

Yaskawa Electric Corp.

     300         4,676   

Yokogawa Electric Corp.

     400         5,806   
     

 

 

 
Total Electronic Equipment, Instruments & Components         171,597   

 

See Notes to Financial Statements.

 

52   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Food & Staples Retailing – 1.9%   

Aeon Co., Ltd.

     800       $ 11,359   

Arcs Co., Ltd.

     200         4,515   

Axial Retailing, Inc.

     100         3,447   

Cawachi Ltd.

     200         4,998   

FamilyMart UNY Holdings Co., Ltd.

     255         17,009   

Lawson, Inc.

     200         14,078   

Seven & I Holdings Co., Ltd.

     900         34,361   

Sundrug Co., Ltd.

     100         6,936   
     

 

 

 
Total Food & Staples Retailing         96,703   
Food Products – 0.8%   

Ajinomoto Co., Inc.

     400         8,073   

Kewpie Corp.

     200         4,872   

Megmilk Snow Brand Co., Ltd.

     100         2,761   

MEIJI Holdings Co., Ltd.

     100         7,853   

Nissin Foods Holdings Co., Ltd.

     100         5,264   

Toyo Suisan Kaisha Ltd.

     200         7,262   

Yakult Honsha Co., Ltd.

     100         4,647   
     

 

 

 
Total Food Products         40,732   
Gas Utilities – 0.6%   

Osaka Gas Co., Ltd.

     3,000         11,564   

Saibu Gas Co., Ltd.

     2,000         4,321   

Tokyo Gas Co., Ltd.

     3,000         13,604   
     

 

 

 
Total Gas Utilities         29,489   
Health Care Equipment & Supplies – 0.7%   

Hoya Corp.

     400         16,842   

Nihon Kohden Corp.

     100         2,218   

Nipro Corp.

     400         4,383   

Sysmex Corp.

     100         5,805   

Terumo Corp.

     200         7,399   
     

 

 

 
Total Health Care Equipment & Supplies         36,647   
Health Care Providers & Services – 0.4%   

Alfresa Holdings Corp.

     200         3,316   

Medipal Holdings Corp.

     200         3,160   

Miraca Holdings, Inc.

     100         4,501   

Ship Healthcare Holdings, Inc.

     100         2,572   

Suzuken Co., Ltd.

     200         6,551   
     

 

 

 
Total Health Care Providers & Services         20,100   
Health Care Technology – 0.1%   

M3, Inc.

     100         2,525   
Hotels, Restaurants & Leisure – 0.5%   

Accordia Golf Co., Ltd.

     500         5,153   

McDonald’s Holdings Co., Japan Ltd.(a)

     200         5,247   

Oriental Land Co., Ltd.

     100         5,664   

Round One Corp.

     600         4,167   

Skylark Co., Ltd.

     400         5,295   
     

 

 

 
Total Hotels, Restaurants & Leisure         25,526   
Household Durables – 2.2%   

Fuji Corp., Ltd.

     800         5,165   

Haseko Corp.

     200         2,039   

Iida Group Holdings Co., Ltd.

     400         7,603   
Investments    Shares      Value  

Nihon House Holdings Co., Ltd.

     1,200       $ 5,082   

Nikon Corp.

     300         4,674   

Panasonic Corp.

     3,500         35,695   

Sangetsu Corp.

     200         3,476   

Sekisui Chemical Co., Ltd.

     600         9,589   

Sekisui House Ltd.

     1,200         20,016   

Sony Corp.

     500         14,039   

Starts Corp., Inc.

     200         3,392   

Sumitomo Forestry Co., Ltd.

     200         2,654   
     

 

 

 
Total Household Durables         113,424   
Household Products – 0.2%   

Pigeon Corp.

     200         5,126   

Unicharm Corp.

     300         6,578   
     

 

 

 
Total Household Products         11,704   
Industrial Conglomerates – 0.1%   

Nisshinbo Holdings, Inc.

     400         3,869   

Seibu Holdings, Inc.

     200         3,594   
     

 

 

 
Total Industrial Conglomerates         7,463   
Insurance – 4.4%   

Dai-ichi Life Holdings, Inc.

     1,700         28,364   

Japan Post Holdings Co., Ltd.

     4,300         53,789   

Japan Post Insurance Co., Ltd.

     800         17,168   

MS&AD Insurance Group Holdings, Inc.

     1,000         31,071   

Sompo Holdings, Inc.

     600         20,371   

Sony Financial Holdings, Inc.

     1,000         15,639   

T&D Holdings, Inc.

     1,100         14,576   

Tokio Marine Holdings, Inc.

     1,200         49,344   
     

 

 

 
Total Insurance         230,322   
Internet & Catalog Retail – 0.2%   

Rakuten, Inc.

     400         3,929   

Start Today Co., Ltd.

     300         5,193   
     

 

 

 
Total Internet & Catalog Retail         9,122   
Internet Software & Services – 0.6%   

GMO Internet, Inc.

     200         2,562   

Kakaku.com, Inc.

     100         1,658   

Mixi, Inc.

     200         7,322   

Yahoo Japan Corp.

     5,500         21,173   
     

 

 

 
Total Internet Software & Services         32,715   
IT Services – 1.0%   

Fujitsu Ltd.

     2,000         11,137   

Itochu Techno-Solutions Corp.

     200         5,213   

Nomura Research Institute Ltd.

     220         6,715   

NS Solutions Corp.

     200         3,608   

NTT Data Corp.

     200         9,688   

Obic Co., Ltd.

     100         4,381   

Otsuka Corp.

     100         4,681   

SCSK Corp.

     100         3,507   

Transcosmos, Inc.

     200         4,685   
     

 

 

 
Total IT Services         53,615   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      53   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Leisure Products – 0.7%   

Bandai Namco Holdings, Inc.

     300       $ 8,295   

Heiwa Corp.

     300         6,873   

Sankyo Co., Ltd.

     200         6,473   

Sega Sammy Holdings, Inc.

     700         10,437   

Yamaha Corp.

     200         6,122   
     

 

 

 
Total Leisure Products         38,200   
Machinery – 5.9%   

Alinco, Inc.

     600         5,417   

Amada Holdings Co., Ltd.

     700         7,832   

Daifuku Co., Ltd.

     200         4,275   

DMG Mori Co., Ltd.

     200         2,432   

Ebara Corp.

     200         5,710   

FANUC Corp.

     300         50,967   

Giken Ltd.

     200         3,258   

Hino Motors Ltd.

     1,100         11,223   

Hitachi Construction Machinery Co., Ltd.

     300         6,510   

Hoshizaki Corp.

     100         7,931   

JTEKT Corp.

     600         9,620   

Kawasaki Heavy Industries Ltd.

     3,000         9,440   

Komatsu Ltd.

     1,600         36,318   

Kubota Corp.

     1,200         17,166   

Kurita Water Industries Ltd.

     200         4,414   

Makita Corp.

     200         13,426   

Minebea Co., Ltd.

     700         6,578   

Mitsubishi Heavy Industries Ltd.

     5,000         22,832   

Miura Co., Ltd.

     200         3,045   

Nabtesco Corp.

     200         4,662   

Nachi-Fujikoshi Corp.

     1,000         4,347   

Noritake Co., Ltd.

     300         7,323   

NSK Ltd.

     1,200         13,931   

NTN Corp.

     2,000         8,111   

OSG Corp.

     200         3,947   

Shinmaywa Industries Ltd.

     1,000         9,011   

Sodick Co., Ltd.

     400         3,320   

Sumitomo Heavy Industries Ltd.

     2,000         12,912   

Tadano Ltd.

     400         5,048   

THK Co., Ltd.

     200         4,434   
     

 

 

 
Total Machinery         305,440   
Marine – 0.1%   

Mitsui OSK Lines Ltd.

     2,000         5,556   
Media – 0.6%   

CyberAgent, Inc.

     200         4,952   

Daiichikosho Co., Ltd.

     100         3,961   

Dentsu, Inc.

     200         9,431   

Hakuhodo DY Holdings, Inc.

     500         6,173   

Toho Co., Ltd.

     200         5,668   
     

 

 

 
Total Media         30,185   
Metals & Mining – 1.8%   

Daido Steel Co., Ltd.

     1,000         4,150   

Dowa Holdings Co., Ltd.

     1,000         7,665   

Hitachi Metals Ltd.

     600         8,148   

JFE Holdings, Inc.

     700         10,683   
Investments    Shares      Value  

Mitsubishi Materials Corp.

     300       $ 9,234   

Mitsui Mining & Smelting Co., Ltd.

     1,000         2,538   

Nippon Light Metal Holdings Co., Ltd.

     1,600         3,388   

Nippon Steel & Sumitomo Metal Corp.

     1,100         24,587   

Nisshin Steel Co., Ltd.

     200         2,471   

Sumitomo Metal Mining Co., Ltd.

     1,000         12,921   

Yamato Kogyo Co., Ltd.

     200         5,616   
     

 

 

 
Total Metals & Mining         91,401   
Multiline Retail – 0.5%   

Isetan Mitsukoshi Holdings Ltd.

     400         4,321   

Izumi Co., Ltd.

     100         4,321   

J. Front Retailing Co., Ltd.

     600         8,103   

Marui Group Co., Ltd.

     200         2,927   

Takashimaya Co., Ltd.

     1,000         8,265   
     

 

 

 
Total Multiline Retail         27,937   
Oil, Gas & Consumable Fuels – 0.9%   

Idemitsu Kosan Co., Ltd.

     200         5,324   

JX Holdings, Inc.

     5,600         23,752   

Showa Shell Sekiyu K.K.

     1,000         9,320   

TonenGeneral Sekiyu K.K.

     1,000         10,563   
     

 

 

 
Total Oil, Gas & Consumable Fuels         48,959   
Paper & Forest Products – 0.2%   

Nippon Paper Industries Co., Ltd.

     200         3,395   

Oji Holdings Corp.

     2,000         8,162   
     

 

 

 
Total Paper & Forest Products         11,557   
Personal Products – 0.6%   

Kao Corp.

     400         19,003   

Pola Orbis Holdings, Inc.

     100         8,274   

Shiseido Co., Ltd.

     200         5,073   
     

 

 

 
Total Personal Products         32,350   
Pharmaceuticals – 4.8%   

Astellas Pharma, Inc.

     2,400         33,407   

Chugai Pharmaceutical Co., Ltd.

     500         14,382   

Daiichi Sankyo Co., Ltd.

     1,100         22,554   

Eisai Co., Ltd.

     400         23,005   

Hisamitsu Pharmaceutical Co., Inc.

     100         5,016   

Kaken Pharmaceutical Co., Ltd.

     100         5,316   

KYORIN Holdings, Inc.

     200         4,299   

Kyowa Hakko Kirin Co., Ltd.

     400         5,542   

Mitsubishi Tanabe Pharma Corp.

     800         15,728   

Ono Pharmaceutical Co., Ltd.

     200         4,382   

Otsuka Holdings Co., Ltd.

     600         26,200   

Santen Pharmaceutical Co., Ltd.

     400         4,904   

Shionogi & Co., Ltd.

     200         9,601   

Sumitomo Dainippon Pharma Co., Ltd.

     400         6,893   

Takeda Pharmaceutical Co., Ltd.

     1,600         66,326   

Tsumura & Co.

     100         2,761   
     

 

 

 
Total Pharmaceuticals         250,316   
Professional Services – 0.5%   

Recruit Holdings Co., Ltd.

     500         20,106   

TechnoPro Holdings, Inc.

     200         6,430   
     

 

 

 
Total Professional Services         26,536   

 

See Notes to Financial Statements.

 

54   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Real Estate Management & Development – 2.0%   

Aeon Mall Co., Ltd.

     200       $ 2,819   

Airport Facilities Co., Ltd.

     1,000         4,930   

Daito Trust Construction Co., Ltd.

     100         15,073   

Daiwa House Industry Co., Ltd.

     900         24,662   

Hulic Co., Ltd.

     600         5,345   

Mitsui Fudosan Co., Ltd.

     1,000         23,192   

Nomura Real Estate Holdings, Inc.

     400         6,818   

NTT Urban Development Corp.

     400         3,529   

Open House Co., Ltd.

     100         2,383   

Sumitomo Real Estate Sales Co., Ltd.

     200         4,673   

Sun Frontier Fudousan Co., Ltd.

     200         1,766   

Tokyo Tatemono Co., Ltd.

     400         5,360   

Tokyu Fudosan Holdings Corp.

     900         5,324   
     

 

 

 
Total Real Estate Management & Development         105,874   
Road & Rail – 1.9%   

Central Japan Railway Co.

     100         16,487   

East Japan Railway Co.

     300         25,978   

Hankyu Hanshin Holdings, Inc.

     200         6,430   

Kintetsu Group Holdings Co., Ltd.

     1,000         3,824   

Nagoya Railroad Co., Ltd.

     1,000         4,844   

Nikkon Holdings Co., Ltd.

     200         4,184   

Nippon Express Co., Ltd.

     1,000         5,393   

Seino Holdings Co., Ltd.

     400         4,452   

Senko Co., Ltd.

     600         4,059   

Tobu Railway Co., Ltd.

     1,000         4,973   

Tokyu Corp.

     1,000         7,365   

West Japan Railway Co.

     200         12,300   
     

 

 

 
Total Road & Rail         100,289   
Semiconductors & Semiconductor Equipment – 1.0%   

Advantest Corp.

     400         6,749   

Disco Corp.

     100         12,141   

Mimasu Semiconductor Industry Co., Ltd.

     300         4,259   

Sumco Corp.

     500         6,473   

Tokyo Electron Ltd.

     200         18,939   

Tokyo Seimitsu Co., Ltd.

     200         5,942   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         54,503   
Software – 0.8%   

Capcom Co., Ltd.

     100         2,358   

GungHo Online Entertainment, Inc.(a)

     1,300         2,775   

Konami Holdings Corp.

     200         8,093   

Nexon Co., Ltd.

     200         2,905   

NSD Co., Ltd.

     200         3,150   

Oracle Corp.

     200         10,100   

Square Enix Holdings Co., Ltd.

     200         5,153   

Trend Micro, Inc.

     200         7,125   
     

 

 

 
Total Software         41,659   
Specialty Retail – 2.0%   

ABC-Mart, Inc.

     100         5,676   

Aoyama Trading Co., Ltd.

     200         6,979   

DCM Holdings Co., Ltd.

     500         4,450   

Fast Retailing Co., Ltd.

     100         35,864   
Investments    Shares      Value  

Hikari Tsushin, Inc.

     100       $ 9,337   

K’s Holdings Corp.

     200         3,510   

Kohnan Shoji Co., Ltd.

     200         3,776   

PAL GROUP Holdings Co., Ltd.

     100         2,380   

Sanrio Co., Ltd.

     400         7,565   

Shimachu Co., Ltd.

     200         5,341   

T-Gaia Corp.

     400         6,526   

USS Co., Ltd.

     400         6,386   

Yamada Denki Co., Ltd.

     1,200         6,482   
     

 

 

 
Total Specialty Retail         104,272   
Technology Hardware, Storage & Peripherals – 3.1%   

Brother Industries Ltd.

     500         9,041   

Canon, Inc.(a)

     3,300         93,227   

FUJIFILM Holdings Corp.

     400         15,210   

Konica Minolta, Inc.

     900         8,959   

NEC Corp.

     3,000         7,973   

Ricoh Co., Ltd.

     1,400         11,859   

Seiko Epson Corp.

     800         16,976   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         163,245   
Textiles, Apparel & Luxury Goods – 0.1%   

Asics Corp.

     200         4,004   

Seiko Holdings Corp.

     1,000         3,549   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         7,553   
Tobacco – 1.8%   

Japan Tobacco, Inc.

     2,800         92,281   
Trading Companies & Distributors – 5.0%   

Inaba Denki Sangyo Co., Ltd.

     100         3,451   

ITOCHU Corp.

     3,200         42,581   

Japan Pulp & Paper Co., Ltd.

     2,000         6,310   

Marubeni Corp.

     3,800         21,594   

MISUMI Group, Inc.

     200         3,299   

Mitsubishi Corp.

     2,300         49,102   

Mitsui & Co., Ltd.

     4,600         63,379   

Shinsho Corp.

     400         8,334   

Sojitz Corp.

     2,200         5,357   

Sumitomo Corp.

     3,100         36,559   

Toyota Tsusho Corp.

     500         13,053   

Yamazen Corp.(a)

     500         4,188   

Yuasa Trading Co., Ltd.

     200         5,004   
     

 

 

 
Total Trading Companies & Distributors         262,211   
Transportation Infrastructure – 0.1%   

Japan Airport Terminal Co., Ltd.

     100         3,622   
Wireless Telecommunication Services – 4.5%   

KDDI Corp.

     3,200         81,197   

NTT DOCOMO, Inc.

     5,500         125,575   

SoftBank Group Corp.

     400         26,630   
     

 

 

 
Total Wireless Telecommunication Services         233,402   

TOTAL COMMON STOCKS

(Cost: $4,666,993)

  

  

     5,180,172   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      55   


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9%   
United States – 1.9%   

State Street Navigator Securities
Lending Government Money Market Portfolio, 0.50%(b)

(Cost: $100,704)(c)

     100,704       $ 100,704   

TOTAL INVESTMENTS IN SECURITIES – 101.3%

(Cost: $4,767,697)

  

  

     5,280,876   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (1.3)%

        (67,168
     

 

 

 
NET ASSETS – 100.0%       $ 5,213,708   

 

*  Non-income producing security.

 

(a)  Security, or portion thereof, was on loan at December 31, 2016 (See Note 2).

 

(b)  Rate shown represents annualized 7-day yield as of December 31, 2016.

 

(c)  At December 31, 2016, the total market value of the Fund’s securities on loan was $95,892 and the total market value of the collateral held by the Fund was $100,704.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

 

Contracts

To Deliver

   

In

Exchange For

   

Unrealized

Gain (Loss)

 

1/5/2017

    JPY        77,423,116        USD        680,890      $ 17,083   

1/5/2017

    JPY        101,617,915        USD        893,668        22,421   

1/5/2017

    JPY        101,619,881        USD        893,668        22,404   

1/5/2017

    JPY        101,604,868        USD        893,668        22,533   

1/5/2017

    JPY        101,628,282        USD        893,668        22,332   

1/5/2017

    USD        48,688        JPY        5,703,497        212   

1/5/2017

    USD        1,051,718        JPY        122,670,704        31   

1/5/2017

    USD        1,093,787        JPY        127,577,128        28   

1/5/2017

    USD        967,582        JPY        112,855,861        16   

1/5/2017

    USD        1,093,787        JPY        127,573,846          

2/3/2017

    JPY        126,575,413        USD        1,086,919        (103

2/3/2017

    JPY        131,639,135        USD        1,130,396        (113

2/3/2017

    JPY        116,454,040        USD        999,966        (135

2/3/2017

    JPY        131,653,830        USD        1,130,396        (239
                                    $ 106,470   

 

CURRENCY LEGEND
JPY    Japanese yen
USD    U.S. dollar

 

See Notes to Financial Statements.

 

56   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%  
Brazil – 6.6%  

AES Tiete Energia S.A.

     602      $ 2,589  

Alupar Investimento S.A.

     855        4,492  

Ambev S.A.

     10,459        52,702  

Banco Bradesco S.A.

     2,406        21,541  

Banco do Brasil S.A.

     2,820        24,338  

Banco Santander Brasil S.A.

     3,318        30,104  

BB Seguridade Participacoes S.A.

     2,608        22,677  

BM&FBovespa S.A.

     1,605        8,137  

BRF S.A.

     600        8,895  

CCR S.A.

     2,711        13,294  

CETIP S.A. – Mercados Organizados

     400        5,481  

Cia de Saneamento Basico do Estado de Sao Paulo

     202        1,787  

Cia Hering

     602        2,797  

Cielo S.A.

     1,403        12,023  

Cosan S.A. Industria e Comercio

     400        4,689  

Engie Brasil Energia S.A.

     1,003        10,786  

Equatorial Energia S.A.

     200        3,343  

Ez Tec Empreendimentos e Participacoes S.A.

     632        3,039  

Fibria Celulose S.A.

     100        980  

Gerdau S.A.

     600        1,456  

Grendene S.A.

     602        3,252  

Itau Unibanco Holding S.A.

     1,683        15,513  

JBS S.A.

     2,804        9,821  

Klabin S.A.

     602        3,278  

Kroton Educacional S.A.

     803        3,289  

Localiza Rent a Car S.A.

     200        2,103  

Lojas Renner S.A.

     400        2,848  

Mahle-Metal Leve S.A.

     400        2,551  

MRV Engenharia e Participacoes S.A.

     1,003        3,371  

Multiplan Empreendimentos Imobiliarios S.A.

     200        3,649  

Multiplus S.A.

     400        4,154  

Natura Cosmeticos S.A.

     103        729  

Odontoprev S.A.

     1,003        3,883  

Porto Seguro S.A.

     400        3,306  

Raia Drogasil S.A.

     200        3,760  

Smiles S.A.

     400        5,497  

Sul America S.A.

     200        1,106  

TIM Participacoes S.A.

     1,605        3,861  

TOTVS S.A.

     400        2,954  

Transmissora Alianca de Energia Eletrica S.A.

     1,203        7,666  

Ultrapar Participacoes S.A.

     400        8,412  

Vale S.A.

     1,825        14,399  

WEG S.A.

     1,203        5,729  
     

 

 

 
Total Brazil        350,281  
Chile – 2.2%  

AES Gener S.A.

     22,833        8,155  

Aguas Andinas S.A. Class A

     11,296        5,881  

Banco de Chile

     84,385        9,890  

Banco de Credito e Inversiones

     94        4,757  

Banco Santander Chile

     193,950        10,789  

CAP S.A.

     849        6,042  

Cencosud S.A.

     3,334        9,358  
Investments    Shares      Value  

Cia Cervecerias Unidas S.A.

     272      $ 2,841  

Colbun S.A.

     9,379        1,845  

Empresas CMPC S.A.

     1,063        2,173  

Empresas COPEC S.A.

     1,161        11,126  

Enel Americas S.A.

     51,002        8,290  

Enel Chile S.A.

     44,715        4,140  

Enel Generacion Chile S.A.

     3,026        1,997  

Inversiones Aguas Metropolitanas S.A.

     2,138        3,084  

Inversiones La Construccion S.A.

     218        2,848  

Itau CorpBanca

     503,168        4,220  

Ripley Corp. S.A.

     7,289        4,346  

S.A.C.I. Falabella

     1,195        9,455  

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

     8,995        2,926  

SONDA S.A.

     1,369        2,431  
     

 

 

 
Total Chile        116,594  
China – 22.5%  

AAC Technologies Holdings, Inc.

     1,000        9,087  

Agricultural Bank of China Ltd. Class H

     40,000        16,406  

Air China Ltd. Class H

     2,000        1,277  

Anhui Conch Cement Co., Ltd. Class H(a)

     2,000        5,443  

ANTA Sports Products Ltd.

     2,000        5,972  

BAIC Motor Corp., Ltd. Class H(b)

     3,000        2,670  

Bank of China Ltd. Class H

     100,000        44,369  

Bank of Communications Co., Ltd. Class H

     38,000        27,496  

Beijing Enterprises Holdings Ltd.

     1,000        4,727  

Beijing Enterprises Water Group Ltd.*

     4,000        2,662  

Belle International Holdings Ltd.

     22,000        12,372  

Brilliance China Automotive Holdings Ltd.

     4,000        5,510  

Central China Securities Co., Ltd. Class H

     2,000        1,094  

China CITIC Bank Corp., Ltd. Class H

     10,000        6,359  

China Communications Construction Co., Ltd. Class H

     2,000        2,301  

China Conch Venture Holdings Ltd.

     2,000        3,560  

China Construction Bank Corp. Class H

     286,000        220,223  

China Everbright Bank Co., Ltd. Class H

     8,000        3,642  

China Everbright International Ltd.

     2,000        2,267  

China Evergrande Group

     20,000        12,459  

China Galaxy Securities Co., Ltd. Class H

     3,000        2,705  

China Gas Holdings Ltd.

     4,000        5,427  

China Greenland Broad Greenstate Group Co., Ltd.

     8,000        1,331  

China Hongqiao Group Ltd.

     11,000        9,676  

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

     1,600        2,311  

China Jinmao Holdings Group Ltd.

     16,000        4,313  

China Lesso Group Holdings Ltd.

     2,000        1,298  

China Life Insurance Co., Ltd. Class H

     4,000        10,422  

China Lilang Ltd.

     4,000        2,255  

China Medical System Holdings Ltd.

     2,000        3,168  

China Mengniu Dairy Co., Ltd.

     2,000        3,854  

China Merchants Bank Co., Ltd. Class H

     3,000        7,035  

China Merchants Port Holdings Co., Ltd.

     2,055        5,100  

China Minsheng Banking Corp., Ltd. Class H

     4,000        4,277  

China Mobile Ltd.

     17,000        180,236  

China National Building Material Co., Ltd. Class H

     4,000        1,945  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      57  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

China Oilfield Services Ltd. Class H

     4,000      $ 3,715  

China Overseas Land & Investment Ltd.

     6,000        15,903  

China Pacific Insurance Group Co., Ltd. Class H

     1,200        4,187  

China Petroleum & Chemical Corp. Class H

     32,000        22,700  

China Power International Development Ltd.

     17,000        6,161  

China Power New Energy Development Co., Ltd.

     2,000        1,055  

China Resources Cement Holdings Ltd.

     12,000        4,659  

China Resources Land Ltd.

     4,000        8,998  

China Resources Power Holdings Co., Ltd.

     8,000        12,712  

China Shenhua Energy Co., Ltd. Class H

     5,000        9,416  

China Shineway Pharmaceutical Group Ltd.

     2,000        2,270  

China South City Holdings Ltd.

     12,000        2,507  

China State Construction International Holdings Ltd.

     4,000        5,985  

China Telecom Corp., Ltd. Class H

     8,000        3,694  

China Travel International Investment Hong Kong Ltd.

     8,000        2,198  

China Unicom Hong Kong Ltd.

     12,000        13,976  

China Vanke Co., Ltd. Class H

     1,000        2,283  

China Yongda Automobiles Services Holdings Ltd.

     2,000        1,006  

China Zhongwang Holdings Ltd.

     9,600        4,086  

CIFI Holdings Group Co., Ltd.

     12,000        3,235  

CITIC Ltd.

     22,000        31,497  

CITIC Securities Co., Ltd. Class H

     1,000        2,033  

CITIC Telecom International Holdings Ltd.

     6,000        1,803  

CNOOC Ltd.

     46,000        57,551  

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

     2,000        774  

Country Garden Holdings Co., Ltd.

     36,000        20,152  

CPMC Holdings Ltd.

     2,000        980  

CRRC Corp., Ltd. Class H

     2,000        1,795  

CSPC Pharmaceutical Group Ltd.

     4,000        4,272  

Dali Foods Group Co., Ltd.(b)

     10,000        5,288  

Far East Horizon Ltd.

     4,000        3,431  

FIH Mobile Ltd.

     18,000        5,688  

Fosun International Ltd.

     2,000        2,832  

GF Securities Co., Ltd. Class H

     600        1,252  

Golden Eagle Retail Group Ltd.(a)

     2,000        2,848  

Guangdong Investment Ltd.

     4,000        5,283  

Guangzhou Automobile Group Co., Ltd. Class H

     4,000        4,839  

Guotai Junan International Holdings Ltd.

     8,000        2,466  

Haitian International Holdings Ltd.

     2,000        3,926  

Haitong Securities Co., Ltd. Class H

     1,600        2,745  

Hengan International Group Co., Ltd.

     1,000        7,345  

Huadian Power International Corp., Ltd. Class H

     4,000        1,811  

Huaneng Power International, Inc. Class H

     14,000        9,281  

Huishang Bank Corp., Ltd. Class H

     6,000        3,057  

Industrial & Commercial Bank of China Ltd. Class H

     100,000        59,976  

Intime Retail Group Co., Ltd.

     3,000        2,720  

Kunlun Energy Co., Ltd.

     8,000        5,985  

KWG Property Holding Ltd.

     5,000        2,838  

Lee & Man Paper Manufacturing Ltd.

     6,000        4,659  

Lenovo Group Ltd.

     12,000        7,274  

Longfor Properties Co., Ltd.

     4,000        5,077  

MGM China Holdings Ltd.

     400        830  

Nine Dragons Paper Holdings Ltd.

     4,000        3,627  
Investments    Shares      Value  

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

     2,000      $ 789  

PetroChina Co., Ltd. Class H

     20,000        14,910  

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

     3,000        15,013  

Shanghai Industrial Holdings Ltd.

     2,000        5,417  

Shengjing Bank Co., Ltd. Class H(b)

     1,000        1,019  

Shenzhen International Holdings Ltd.

     3,000        4,372  

Shenzhen Investment Ltd.

     8,000        3,209  

Shenzhou International Group Holdings Ltd.

     2,000        12,653  

Shimao Property Holdings Ltd.

     5,000        6,539  

Shui On Land Ltd.

     12,000        2,585  

Sihuan Pharmaceutical Holdings Group Ltd.

     8,000        2,229  

Sino-Ocean Group Holding Ltd.

     9,000        4,028  

Sinopec Engineering Group Co., Ltd. Class H

     3,000        2,503  

Sinopharm Group Co., Ltd. Class H

     800        3,297  

SITC International Holdings Co., Ltd.

     2,000        1,218  

Skyworth Digital Holdings Ltd.

     4,000        2,280  

Sun Art Retail Group Ltd.

     7,000        6,139  

Sunac China Holdings Ltd.

     4,000        3,328  

Tencent Holdings Ltd.

     600        14,680  

Tingyi Cayman Islands Holding Corp.

     4,000        4,865  

Want Want China Holdings Ltd.(a)

     10,000        6,410  

WH Group Ltd.(b)

     10,000        8,087  

Xingda International Holdings Ltd.

     12,000        5,433  

Xinyi Glass Holdings Ltd.*

     4,000        3,271  

Xinyi Solar Holdings Ltd.*

     8,000        2,600  

XTEP International Holdings Ltd.

     5,000        2,102  

YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(b)

     800        1,599  

Yingde Gases Group Co., Ltd.

     7,000        2,591  

Yuexiu Property Co., Ltd.

     28,000        3,828  

Yuexiu Transport Infrastructure Ltd.

     4,000        2,507  

Zhejiang Expressway Co., Ltd. Class H

     4,000        3,818  

Zijin Mining Group Co., Ltd. Class H

     8,000        2,580  
     

 

 

 
Total China        1,197,829  
Czech Republic – 0.8%  

CEZ AS

     1,569        26,336  

Komercni Banka AS

     290        10,018  

O2 Czech Republic AS

     681        6,906  
     

 

 

 
Total Czech Republic        43,260  
Hong Kong – 0.5%  

Chow Tai Fook Jewellery Group Ltd.

     7,600        5,813  

CP Pokphand Co., Ltd.

     36,000        4,457  

Kerry Logistics Network Ltd.

     2,000        2,523  

Kingboard Chemical Holdings Ltd.

     2,000        6,062  

Kingboard Laminates Holdings Ltd.

     6,000        5,897  
     

 

 

 
Total Hong Kong        24,752  
Hungary – 0.3%  

MOL Hungarian Oil & Gas PLC

     130        9,161  

OTP Bank PLC

     224        6,425  
     

 

 

 
Total Hungary        15,586  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
India – 2.6%   

Ambuja Cements Ltd.

     444       $ 1,350   

Asian Paints Ltd.

     118         1,549   

Axis Bank Ltd. GDR Reg S

     90         2,952   

Bajaj Auto Ltd.

     40         1,551   

Bharat Petroleum Corp., Ltd.

     296         2,772   

Bharti Airtel Ltd.

     350         1,576   

Bharti Infratel Ltd.

     164         830   

Cadila Healthcare Ltd.

     339         1,781   

Coal India Ltd.

     2,444         10,803   

Cummins India Ltd.

     142         1,713   

GAIL India Ltd.

     278         1,799   

HCL Technologies Ltd.

     318         3,879   

Hero MotoCorp Ltd.

     58         2,601   

Hindustan Petroleum Corp., Ltd.

     240         1,561   

Hindustan Unilever Ltd.

     408         4,968   

ICICI Bank Ltd. ADR

     801         6,000   

Idea Cellular Ltd.

     895         978   

Indian Oil Corp., Ltd.

     308         1,475   

Infosys Ltd. ADR

     1,036         15,364   

ITC Ltd.

     1,605         5,715   

Larsen & Toubro Ltd. GDR Reg S

     176         3,502   

Lupin Ltd.

     66         1,446   

Mahindra & Mahindra Ltd. GDR

     168         2,957   

NTPC Ltd.

     1,049         2,546   

Oil & Natural Gas Corp., Ltd.

     2,936         8,276   

Power Grid Corp. of India Ltd.

     380         1,027   

Reliance Industries Ltd. GDR(b)

     324         10,222   

Reliance Infrastructure Ltd.

     178         1,225   

State Bank of India GDR Reg S

     200         7,350   

Sun Pharmaceutical Industries Ltd.

     198         1,838   

Tata Consultancy Services Ltd.

     234         8,156   

Tata Power Co., Ltd.

     1,465         1,638   

Tech Mahindra Ltd.

     218         1,570   

Torrent Power Ltd.

     434         1,145   

UPL Ltd.

     204         1,945   

Vedanta Ltd. ADR

     602         7,477   

Wipro Ltd. ADR

     200         1,936   

Yes Bank Ltd.

     118         2,011   

Zee Entertainment Enterprises Ltd.

     256         1,709   
     

 

 

 
Total India         139,193   
Indonesia – 3.5%   

Adaro Energy Tbk PT

     34,400         4,328   

AKR Corporindo Tbk PT

     4,800         2,138   

Astra Agro Lestari Tbk PT

     2,422         3,016   

Astra International Tbk PT

     26,300         16,154   

Bank Central Asia Tbk PT

     7,400         8,514   

Bank Danamon Indonesia Tbk PT

     8,600         2,368   

Bank Negara Indonesia Persero Tbk PT

     16,200         6,644   

Bank Rakyat Indonesia Persero Tbk PT

     16,800         14,559   

Bank Tabungan Negara Persero Tbk PT

     8,000         1,033   

Charoen Pokphand Indonesia Tbk PT

     3,400         780   

Global Mediacom Tbk PT

     12,600         575   
Investments    Shares      Value  

Gudang Garam Tbk PT

     1,200       $ 5,692   

Hanjaya Mandala Sampoerna Tbk PT

     90,700         25,784   

Indo Tambangraya Megah Tbk PT

     5,200         6,513   

Indofood CBP Sukses Makmur Tbk PT

     6,800         4,328   

Indofood Sukses Makmur Tbk PT

     11,400         6,706   

Jasa Marga Persero Tbk PT

     6,200         1,988   

Kalbe Farma Tbk PT

     26,800         3,014   

Lippo Karawaci Tbk PT

     17,400         930   

Matahari Department Store Tbk PT

     2,400         2,694   

Matahari Putra Prima Tbk PT

     10,200         1,120   

Media Nusantara Citra Tbk PT

     26,200         3,413   

Mitra Keluarga Karyasehat Tbk PT

     5,000         954   

Pakuwon Jati Tbk PT

     24,200         1,015   

Perusahaan Gas Negara Persero Tbk

     38,000         7,615   

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     9,400         1,214   

Semen Indonesia Persero Tbk PT

     7,200         4,903   

Summarecon Agung Tbk PT

     8,200         806   

Surya Citra Media Tbk PT

     12,400         2,577   

Tambang Batubara Bukit Asam Persero Tbk PT

     5,400         5,010   

Telekomunikasi Indonesia Persero Tbk PT

     72,900         21,536   

Unilever Indonesia Tbk PT

     4,800         13,824   

United Tractors Tbk PT

     5,000         7,886   
     

 

 

 
Total Indonesia         189,631   
Malaysia – 4.5%      

AirAsia Bhd

     1,200         613   

Alliance Financial Group Bhd

     2,800         2,322   

AMMB Holdings Bhd

     4,800         4,612   

Astro Malaysia Holdings Bhd

     7,000         4,057   

Axiata Group Bhd

     3,400         3,577   

Berjaya Sports Toto Bhd

     3,400         2,243   

Bermaz Auto Bhd

     2,600         1,235   

BIMB Holdings Bhd

     800         753   

British American Tobacco Malaysia Bhd

     600         5,965   

Bursa Malaysia Bhd

     400         789   

Cahya Mata Sarawak Bhd

     1,200         1,070   

Carlsberg Brewery Malaysia Bhd

     800         2,482   

CIMB Group Holdings Bhd

     7,400         7,440   

Dialog Group Bhd

     2,200         755   

DiGi.Com Bhd

     11,200         12,059   

Dutch Lady Milk Industries Bhd

     400         4,954   

Felda Global Ventures Holdings Bhd

     8,800         3,041   

Fraser & Neave Holdings Bhd

     200         1,047   

Gamuda Bhd

     3,000         3,197   

Genting Bhd

     400         713   

Genting Malaysia Bhd

     3,200         3,267   

HAP Seng Consolidated Bhd

     3,200         6,320   

Hartalega Holdings Bhd

     800         861   

Hong Leong Bank Bhd

     1,400         4,213   

Hong Leong Financial Group Bhd

     800         2,536   

IHH Healthcare Bhd

     2,000         2,831   

IJM Corp. Bhd

     3,800         2,711   

IOI Corp. Bhd

     4,400         4,316   

IOI Properties Group Bhd

     4,200         1,966   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      59   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Kuala Lumpur Kepong Bhd

     800       $ 4,280   

Lafarge Malaysia Bhd

     1,200         1,923   

Lingkaran Trans Kota Holdings Bhd

     600         786   

Magnum Bhd

     2,400         1,161   

Mah Sing Group Bhd

     6,800         2,168   

Malakoff Corp. Bhd

     6,800         2,077   

Malayan Banking Bhd

     8,600         15,720   

Malaysia Airports Holdings Bhd

     1,400         1,891   

Maxis Bhd

     8,000         10,664   

MISC Bhd

     5,600         9,175   

MMC Corp. Bhd

     1,400         727   

Nestle Malaysia Bhd

     200         3,486   

Petronas Chemicals Group Bhd

     6,800         10,581   

Petronas Dagangan Bhd

     800         4,244   

Petronas Gas Bhd

     1,800         8,547   

Press Metal Bhd

     9,340         3,310   

Public Bank Bhd

     2,600         11,429   

RHB Bank Bhd

     2,600         2,730   

Sime Darby Bhd

     8,000         14,445   

SP Setia Bhd Group

     3,000         2,093   

Sunway Bhd

     1,400         946   

Telekom Malaysia Bhd

     4,200         5,571   

Tenaga Nasional Bhd

     4,000         12,394   

Top Glove Corp. Bhd

     2,000         2,385   

UEM Edgenta Bhd

     1,000         769   

UMW Holdings Bhd

     900         917   

UOA Development Bhd

     1,800         943   

Westports Holdings Bhd

     3,800         3,642   

YTL Corp. Bhd

     18,600         6,427   

YTL Power International Bhd

     16,200         5,381   
     

 

 

 
Total Malaysia               242,757   
Mexico – 2.8%      

Alfa S.A.B. de C.V. Class A

     2,608         3,253   

Alpek S.A.B. de C.V.

     2,408         2,895   

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

     20,400         12,903   

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

     1,003         5,261   

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

     400         2,551   

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

     1,203         1,833   

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

     1,405         10,753   

Gruma S.A.B. de C.V. Class B

     220         2,810   

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

     602         2,612   

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

     602         4,982   

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

     220         3,189   

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

     803         3,260   

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

     1,603         7,960   

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

     2,005         3,053   

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

     2,808         4,066   

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

     602         1,100   

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

     1,203         1,764   

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

     5,216         14,287   

Grupo Televisa S.A.B. Series CPO

     400         1,680   
Investments    Shares      Value  

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

     602       $ 2,477   

Industrias Penoles S.A.B. de C.V.

     100         1,874   

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

     1,203         5,275   

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

     1,805         3,272   

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

     1,805         1,871   

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

     1,028         2,350   

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

     23,473         42,214   
     

 

 

 
Total Mexico               149,545   
Philippines – 1.9%   

Aboitiz Equity Ventures, Inc.

     3,400         4,842   

Aboitiz Power Corp.

     8,200         6,878   

Alliance Global Group, Inc.

     7,600         1,954   

Ayala Corp.

     160         2,351   

Ayala Land, Inc.

     4,200         2,704   

Bank of the Philippine Islands

     2,160         3,858   

BDO Unibank, Inc.

     2,200         4,961   

Century Pacific Food, Inc.

     4,500         1,465   

DMCI Holdings, Inc.

     20,400         5,441   

Energy Development Corp.

     37,000         3,833   

First Gen Corp.

     5,600         2,478   

Globe Telecom, Inc.

     200         6,071   

International Container Terminal Services, Inc.

     1,700         2,460   

JG Summit Holdings, Inc.

     720         980   

Jollibee Foods Corp.

     580         2,263   

LT Group, Inc.

     3,000         758   

Manila Electric Co.

     2,330         12,420   

Manila Water Co., Inc.

     4,400         2,567   

Metro Pacific Investments Corp.

     7,800         1,045   

Metropolitan Bank & Trust Co.

     1,780         2,600   

Nickel Asia Corp.

     22,600         3,628   

PLDT, Inc.

     345         9,473   

San Miguel Corp.

     2,220         4,122   

Semirara Mining & Power Corp.

     1,100         2,877   

SM Investments Corp.

     480         6,324   

SM Prime Holdings, Inc.

     7,400         4,220   
     

 

 

 
Total Philippines               102,573   
Poland – 1.5%   

Asseco Poland S.A.

     190         2,456   

Bank Handlowy w Warszawie S.A.

     318         5,819   

Bank Pekao S.A.

     322         9,704   

Bank Zachodni WBK S.A.

     84         6,359   

CCC S.A.

     24         1,170   

Energa S.A.

     602         1,312   

Eurocash S.A.

     102         961   

ING Bank Slaski S.A.

     136         5,258   

KGHM Polska Miedz S.A.

     348         7,710   

Orange Polska S.A.

     3,290         4,343   

PGE Polska Grupa Energetyczna S.A.

     780         1,953   

Polski Koncern Naftowy Orlen S.A.

     368         7,520   

Polskie Gornictwo Naftowe i Gazownictwo S.A.

     6,052         8,163   

Powszechna Kasa Oszczednosci Bank Polski S.A.*

     989         6,667   

Powszechny Zaklad Ubezpieczen S.A.

     1,479         11,767   

Warsaw Stock Exchange

     7         67   
     

 

 

 
Total Poland               81,229   

 

See Notes to Financial Statements.

 

60   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Russia – 10.5%      

Gazprom Neft PJSC ADR

     326       $ 5,721   

Gazprom PJSC ADR

     21,560         108,878   

LSR Group PJSC GDR Reg S

     1,643         5,668   

Lukoil PJSC ADR

     1,751         98,231   

Magnit PJSC GDR Reg S

     341         15,055   

Magnitogorsk Iron & Steel OJSC GDR Reg S

     861         6,010   

MegaFon PJSC GDR Reg S

     2,469         23,332   

MMC Norilsk Nickel PJSC ADR

     2,914         48,926   

Mobile TeleSystems PJSC ADR

     3,665         33,388   

Novatek PJSC GDR Reg S

     184         23,883   

Novolipetsk Steel PJSC GDR

     1,439         26,766   

PhosAgro PJSC GDR Reg S

     1,261         19,230   

Rosneft Oil Co. PJSC GDR Reg S

     10,666         69,329   

RusHydro PJSC ADR

     5,518         8,029   

Sberbank of Russia PJSC ADR

     1,473         17,050   

Severstal PJSC GDR Reg S

     1,749         26,585   

Sistema PJSC FC GDR Reg S

     402         3,618   

Tatneft PJSC ADR

     368         15,169   

VTB Bank PJSC GDR Reg S

     2,878         6,870   
     

 

 

 
Total Russia               561,738   
South Africa – 6.4%   

Aeci Ltd.

     418         3,090   

African Rainbow Minerals Ltd.

     404         2,910   

Aspen Pharmacare Holdings Ltd.

     110         2,281   

Assore Ltd.

     300         5,198   

AVI Ltd.

     556         3,715   

Barclays Africa Group Ltd.

     1,293         15,950   

Barloworld Ltd.(a)

     506         4,363   

Bidvest Group Ltd. (The)

     296         3,923   

Capitec Bank Holdings Ltd.

     64         3,253   

Clicks Group Ltd.

     376         3,176   

Coronation Fund Managers Ltd.

     681         3,510   

Discovery Ltd.

     322         2,696   

Distell Group Ltd.

     232         2,460   

Exxaro Resources Ltd.

     540         3,534   

FirstRand Ltd.

     6,423         24,973   

Foschini Group Ltd. (The)

     346         4,026   

Hyprop Investments Ltd.

     312         2,676   

Imperial Holdings Ltd.

     312         4,162   

Investec Ltd.

     507         3,365   

Lewis Group Ltd.

     450         1,388   

Liberty Holdings Ltd.

     473         3,839   

Life Healthcare Group Holdings Ltd.

     1,747         4,165   

Massmart Holdings Ltd.

     292         2,694   

MMI Holdings Ltd.

     2,310         3,985   

Mondi Ltd.

     130         2,662   

Mr. Price Group Ltd.

     270         3,150   

MTN Group Ltd.

     5,936         54,767   

Naspers Ltd. Class N

     38         5,597   

Nedbank Group Ltd.

     546         9,508   

Netcare Ltd.

     1,477         3,439   

Pick n Pay Stores Ltd.

     528         2,460   

Pioneer Foods Group Ltd.

     92         1,036   
Investments    Shares      Value  

Rand Merchant Investment Holdings Ltd.

     1,063       $ 3,094   

Remgro Ltd.

     162         2,642   

Resilient REIT Ltd.

     324         2,711   

Reunert Ltd.(a)

     532         2,649   

RMB Holdings Ltd.

     1,293         6,278   

Sanlam Ltd.

     1,691         7,778   

Santam Ltd.

     162         2,772   

Sasol Ltd.

     859         25,057   

Shoprite Holdings Ltd.

     450         5,642   

Sibanye Gold Ltd.

     837         1,554   

SPAR Group Ltd. (The)

     256         3,717   

Standard Bank Group Ltd.

     1,873         20,785   

Telkom S.A. SOC Ltd.

     697         3,771   

Tiger Brands Ltd.(a)

     202         5,877   

Truworths International Ltd.

     803         4,678   

Tsogo Sun Holdings Ltd.

     1,591         3,211   

Vodacom Group Ltd.

     3,009         33,534   

Woolworths Holdings Ltd.

     1,335         6,933   
     

 

 

 
Total South Africa               340,634   
South Korea – 8.8%      

Amorepacific Corp.

     8         2,130   

BNK Financial Group, Inc.

     136         977   

Coway Co., Ltd.

     68         4,971   

Daesang Holdings Co., Ltd.

     117         998   

DGB Financial Group, Inc.

     376         3,042   

Dongbu Insurance Co., Ltd.

     56         2,898   

Dongsuh Cos., Inc.

     3         68   

DONGSUNG Corp.

     192         986   

Doosan Heavy Industries & Construction Co., Ltd.

     162         3,648   

E-Mart, Inc.

     16         2,424   

Grand Korea Leisure Co., Ltd.

     102         1,727   

GS Holdings Corp.

     96         4,300   

GS Retail Co., Ltd.

     22         867   

Hana Financial Group, Inc.

     212         5,485   

Hana Tour Service, Inc.

     18         985   

Hankook Tire Co., Ltd.

     72         3,458   

Hanon Systems

     528         4,503   

Hansae Co., Ltd.

     30         637   

Hanssem Co., Ltd.

     16         2,636   

Hanwha Chemical Corp.

     46         941   

Hanwha Life Insurance Co., Ltd.

     586         3,168   

Hite Jinro Co., Ltd.

     150         2,620   

Hyosung Corp.

     26         3,132   

Hyundai Engineering & Construction Co., Ltd.

     74         2,622   

Hyundai Glovis Co., Ltd.

     20         2,558   

Hyundai Greenfood Co., Ltd.

     182         2,321   

Hyundai Marine & Fire Insurance Co., Ltd.

     100         2,608   

Hyundai Motor Co.

     208         25,143   

Hyundai Steel Co.

     90         4,247   

Industrial Bank of Korea

     486         5,110   

Interpark Corp.

     164         1,385   

It’s Skin Co., Ltd.

     28         997   

Kangwon Land, Inc.

     182         5,387   

KB Financial Group, Inc.

     228         8,080   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      61   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

KB Insurance Co., Ltd.

     106       $ 2,295   

KEPCO Plant Service & Engineering Co., Ltd.

     68         3,052   

Kia Motors Corp.

     336         10,919   

Korea Electric Power Corp.

     1,294         47,194   

Korea Zinc Co., Ltd.

     10         3,933   

Korean Reinsurance Co.

     92         868   

KT&G Corp.

     148         12,376   

Kumho Petrochemical Co., Ltd.

     60         4,074   

Kyongbo Pharmaceutical Co., Ltd.

     84         970   

LG Chem Ltd.

     40         8,644   

LG Corp.

     110         5,465   

LG Display Co., Ltd.

     288         7,499   

LG Electronics, Inc.

     60         2,563   

LG Household & Health Care Ltd.

     4         2,838   

LG Uplus Corp.

     298         2,825   

LIG Nex1 Co., Ltd.

     16         1,066   

Lotte Chemical Corp.

     8         2,444   

LOTTE Fine Chemical Co., Ltd.

     42         1,066   

Lotte Shopping Co., Ltd.

     12         2,201   

LS Corp.

     70         3,437   

LS Industrial Systems Co., Ltd.

     66         2,172   

Meritz Fire & Marine Insurance Co., Ltd.

     74         937   

Meritz Securities Co., Ltd.

     711         2,037   

Mirae Asset Daewoo Co., Ltd.

     358         2,146   

NCSoft Corp.

     16         3,279   

NH Investment & Securities Co., Ltd.

     256         2,045   

Paradise Co., Ltd.

     92         926   

POSCO

     130         27,716   

Posco Daewoo Corp.

     100         2,235   

S&T Motiv Co., Ltd.

     29         1,173   

S-1 Corp.

     36         2,614   

S-Oil Corp.

     78         5,470   

Samsung C&T Corp.

     18         1,870   

Samsung Electro-Mechanics Co., Ltd.

     52         2,187   

Samsung Electronics Co., Ltd.

     65         96,978   

Samsung Fire & Marine Insurance Co., Ltd.

     20         4,446   

Samsung Life Insurance Co., Ltd.

     58         5,402   

Samsung SDS Co., Ltd.

     8         924   

Samsung Securities Co., Ltd.

     82         2,152   

Seah Besteel Corp.

     46         973   

Shinhan Financial Group Co., Ltd.

     268         10,041   

SK Chemicals Co., Ltd.

     20         1,109   

SK Holdings Co., Ltd.

     34         6,461   

SK Hynix, Inc.

     280         10,363   

SK Innovation Co., Ltd.

     82         9,946   

SK Telecom Co., Ltd.

     115         21,328   

SKC Co., Ltd.

     39         1,066   

Tongyang Life Insurance Co., Ltd.

     110         1,157   
     

 

 

 
Total South Korea               471,941   
Taiwan – 16.5%      

Accton Technology Corp.

     2,000         3,159   

Advanced Semiconductor Engineering, Inc.

     16,000         16,408   

Asia Cement Corp.

     8,000         6,541   

Asustek Computer, Inc.

     2,000         16,445   
Investments    Shares      Value  

Aten International Co., Ltd.

     2,000       $ 4,977   

AU Optronics Corp.

     18,000         6,590   

Cathay Financial Holding Co., Ltd.

     14,000         20,938   

Chang Hwa Commercial Bank Ltd.

     2,000         1,064   

Cheng Shin Rubber Industry Co., Ltd.

     6,000         11,319   

Chicony Electronics Co., Ltd.

     2,005         4,666   

Chin-Poon Industrial Co., Ltd.

     2,000         3,767   

China Bills Finance Corp.

     2,000         807   

China Development Financial Holding Corp.

     26,000         6,502   

China Steel Corp.

     12,000         9,178   

China Synthetic Rubber Corp.

     4,000         3,543   

Chung-Hsin Electric & Machinery Manufacturing Corp.

     6,000         3,602   

Chunghwa Telecom Co., Ltd.

     12,000         37,792   

Clevo Co.

     2,000         1,725   

Compal Electronics, Inc.

     8,000         4,580   

CTBC Financial Holding Co., Ltd.

     19,720         10,799   

CTCI Corp.

     2,000         3,022   

Delta Electronics, Inc.

     4,000         19,796   

E.Sun Financial Holding Co., Ltd.

     6,300         3,587   

Elan Microelectronics Corp.

     2,000         2,150   

Elite Semiconductor Memory Technology, Inc.

     4,000         4,127   

Eternal Materials Co., Ltd.

     4,160         4,253   

Everlight Electronics Co., Ltd.

     2,000         2,861   

Far Eastern Department Stores Ltd.

     6,000         2,979   

Far Eastern International Bank

     2,020         570   

Far Eastern New Century Corp.

     8,000         6,007   

Far EasTone Telecommunications Co., Ltd.

     4,000         8,998   

Farglory Land Development Co., Ltd.

     2,000         2,293   

Feng Hsin Steel Co., Ltd.

     2,000         2,808   

First Financial Holding Co., Ltd.

     10,225         5,457   

Formosa Chemicals & Fibre Corp.

     4,000         11,952   

Formosa Petrochemical Corp.

     7,000         24,326   

Formosa Plastics Corp.

     4,000         11,071   

Foxconn Technology Co., Ltd.

     2,010         5,320   

Fubon Financial Holding Co., Ltd.

     14,000         22,154   

Gigabyte Technology Co., Ltd.

     2,000         2,675   

Greatek Electronics, Inc.

     2,000         2,420   

Highwealth Construction Corp.

     2,000         2,817   

Hon Hai Precision Industry Co., Ltd.

     24,100         62,962   

Hua Nan Financial Holdings Co., Ltd.

     10,310         5,198   

Innolux Corp.

     22,000         7,918   

Inventec Corp.

     12,000         8,229   

Kenda Rubber Industrial Co., Ltd.

     2,020         3,046   

King Yuan Electronics Co., Ltd.

     4,000         3,128   

King’s Town Bank Co., Ltd.

     4,000         3,494   

Kinik Co.

     2,000         3,996   

Kinsus Interconnect Technology Corp.

     2,000         4,418   

Lien Hwa Industrial Corp.

     2,025         1,385   

Lite-On Technology Corp.

     6,014         9,069   

Long Chen Paper Co., Ltd.

     6,494         3,294   

MediaTek, Inc.

     2,000         13,435   

Mega Financial Holding Co., Ltd.

     18,000         12,845   

Merry Electronics Co., Ltd.

     1,000         3,770   

Micro-Star International Co., Ltd.

     2,000         4,567   

 

See Notes to Financial Statements.

 

62   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Nan Ya Plastics Corp.

     10,000       $ 22,092   

Nanya Technology Corp.

     4,000         5,995   

Novatek Microelectronics Corp.

     2,000         6,609   

Pegatron Corp.

     4,000         9,557   

Pou Chen Corp.

     4,000         4,989   

Powertech Technology, Inc.

     2,000         5,399   

President Chain Store Corp.

     2,000         14,335   

Prince Housing & Development Corp.

     6,000         1,955   

Qisda Corp.

     8,000         3,736   

Quanta Computer, Inc.

     8,000         14,968   

Realtek Semiconductor Corp.

     2,000         6,330   

Rechi Precision Co., Ltd.

     4,000         3,922   

Ruentex Industries Ltd.

     4,000         6,665   

Siliconware Precision Industries Co., Ltd.

     8,000         11,877   

SinoPac Financial Holdings Co., Ltd.

     14,350         4,043   

Syncmold Enterprise Corp.

     2,000         3,909   

Synnex Technology International Corp.

     6,150         6,202   

Taiwan Cement Corp.

     8,000         8,725   

Taiwan Cogeneration Corp.

     4,000         2,768   

Taiwan Cooperative Financial Holding Co., Ltd.

     8,280         3,610   

Taiwan Fertilizer Co., Ltd.

     2,000         2,491   

Taiwan Mobile Co., Ltd.

     6,000         19,361   

Taiwan PCB Techvest Co., Ltd.

     2,000         1,865   

Taiwan Secom Co., Ltd.

     2,000         5,498   

Taiwan Semiconductor Manufacturing Co., Ltd.

     28,000         157,684   

Teco Electric and Machinery Co., Ltd.

     4,000         3,463   

Topco Scientific Co., Ltd.

     2,020         5,290   

Transcend Information, Inc.

     2,000         5,287   

Tripod Technology Corp.

     2,000         4,518   

TSRC Corp.

     2,000         2,054   

Tung Ho Steel Enterprise Corp.

     4,000         2,625   

TXC Corp.

     2,000         2,529   

Uni-President Enterprises Corp.

     4,000         6,627   

Wistron Corp.

     6,089         4,714   

Wistron NeWeb Corp.

     2,030         5,436   

WPG Holdings Ltd.

     4,000         4,716   

WT Microelectronics Co., Ltd.

     2,050         2,735   

Yuanta Financial Holding Co., Ltd.

     14,000         5,213   

Yulon Nissan Motor Co., Ltd.

     2,000         12,194   
     

 

 

 
Total Taiwan               878,785   
Thailand – 5.7%   

Advanced Info Service PCL NVDR

     9,400         38,587   

Airports of Thailand PCL NVDR

     800         8,891   

Asia Plus Group Holdings PCL NVDR

     32,400         3,293   

Bangkok Dusit Medical Services PCL NVDR

     7,200         4,645   

Bangkok Expressway & Metro PCL

     21,200         4,410   

Bangkok Land PCL NVDR

     59,200         2,843   

Bank of Ayudhya PCL NVDR

     4,600         5,138   

Banpu PCL NVDR

     9,744         5,224   

BEC World PCL NVDR

     1,900         881   

BTS Group Holdings PCL NVDR

     22,400         5,348   

Bumrungrad Hospital PCL NVDR

     400         2,022   

Central Pattana PCL NVDR

     2,000         3,170   

Charoen Pokphand Foods PCL NVDR

     9,600         7,908   
Investments    Shares      Value  

CP ALL PCL NVDR

     4,800       $ 8,377   

Delta Electronics Thailand PCL NVDR

     1,800         4,097   

Electricity Generating PCL NVDR

     800         4,446   

Glow Energy PCL NVDR

     2,000         4,412   

Hana Microelectronics PCL NVDR

     2,400         2,647   

Home Product Center PCL NVDR

     13,200         3,760   

Ichitan Group PCL NVDR

     6,600         1,880   

Indorama Ventures PCL NVDR

     4,000         3,742   

Intouch Holdings PCL NVDR

     7,500         10,419   

IRPC PCL NVDR

     17,400         2,332   

Jasmine International PCL NVDR

     16,200         3,574   

Kasikornbank PCL NVDR

     1,400         6,939   

Kiatnakin Bank PCL NVDR

     2,400         3,954   

Krung Thai Bank PCL NVDR

     18,200         8,996   

Land & Houses PCL NVDR

     22,600         6,185   

Minor International PCL NVDR

     2,400         2,396   

MK Restaurants Group PCL NVDR

     1,600         2,614   

Pruksa Holding PCL NVDR

     1,700         1,068   

PTT Exploration & Production PCL NVDR

     5,200         13,976   

PTT Global Chemical PCL NVDR

     6,200         10,907   

PTT PCL NVDR

     2,700         28,048   

Ratchaburi Electricity Generating Holding PCL NVDR

     2,400         3,351   

Robinson Department Store PCL NVDR

     1,800         3,192   

Siam Cement PCL (The) NVDR

     1,200         16,621   

Siam City Cement PCL NVDR

     400         3,038   

Siam Commercial Bank PCL (The) NVDR

     3,400         14,479   

Star Petroleum Refining PCL

     3,000         1,039   

Supalai PCL NVDR

     4,800         3,351   

Thai Oil PCL NVDR

     2,000         4,035   

Thai Union Group PCL NVDR

     6,400         3,753   

Thai Vegetable Oil PCL NVDR

     1,400         1,583   

Thanachart Capital PCL NVDR

     2,600         3,195   

Tipco Asphalt PCL NVDR

     2,200         1,167   

Tisco Financial Group PCL NVDR

     2,000         3,365   

TMB Bank PCL NVDR

     43,800         2,569   

Total Access Communication PCL NVDR

     7,800         8,223   

TTW PCL NVDR

     8,800         2,629   
     

 

 

 
Total Thailand               302,719   
Turkey – 2.2%      

Akbank TAS

     2,130         4,735   

Aksa Akrilik Kimya Sanayii AS

     560         1,461   

Albaraka Turk Katilim Bankasi AS

     4,104         1,388   

Anadolu Efes Biracilik ve Malt Sanayii AS

     642         3,218   

Arcelik AS

     883         5,322   

Aslan Cimento AS

     80         915   

BIM Birlesik Magazalar AS

     123         1,713   

Bolu Cimento Sanayii AS

     458         814   

Brisa Bridgestone Sabanci Sanayi ve Ticaret AS

     1,231         2,163   

Cimsa Cimento Sanayi ve Ticaret AS

     536         2,406   

Dogus Otomotiv Servis ve Ticaret AS

     396         988   

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     3,693         3,139   

Enka Insaat ve Sanayi AS

     5,030         7,693   

Eregli Demir ve Celik Fabrikalari TAS

     3,538         5,170   

Ford Otomotiv Sanayi AS

     550         4,781   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      63   


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Haci Omer Sabanci Holding AS

     751       $ 1,954   

KOC Holding AS

     1,735         6,807   

Otokar Otomotiv Ve Savunma Sanayi A.S.

     64         2,427   

Petkim Petrokimya Holding AS

     3,242         3,410   

Selcuk Ecza Deposu Ticaret ve Sanayi A.S.

     1,253         1,094   

Soda Sanayii AS

     1,659         2,495   

TAV Havalimanlari Holding AS

     791         3,155   

Tofas Turk Otomobil Fabrikasi AS

     480         3,362   

Trakya Cam Sanayii AS

     1,103         891   

Tupras Turkiye Petrol Rafinerileri AS

     803         16,151   

Turk Telekomunikasyon AS

     5,525         8,293   

Turk Traktor ve Ziraat Makineleri AS

     126         2,686   

Turkiye Garanti Bankasi AS

     2,166         4,692   

Turkiye Halk Bankasi AS

     1,057         2,807   

Turkiye Is Bankasi Group C

     3,749         5,521   

Turkiye Sise ve Cam Fabrikalari AS

     2,332         2,539   

Turkiye Vakiflar Bankasi TAO Class D

     468         579   

Ulker Biskuvi Sanayi AS

     130         597   

Vestel Beyaz Esya Sanayi ve Ticaret AS

     296         1,011   
     

 

 

 
Total Turkey               116,377   

TOTAL COMMON STOCKS

(Cost: $5,212,236)

              5,325,424   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%   
United States – 0.3%   

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(c)

(Cost: $16,010)(d)

     16,010         16,010   

TOTAL INVESTMENTS IN SECURITIES – 100.1%

(Cost: $5,228,246)

        5,341,434   

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

        (7,128
     

 

 

 
NET ASSETS – 100.0%             $ 5,334,306   

 

*  Non-income producing security.

 

  Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $5,311, which represents 0.10% of net assets.

 

(a)  Security, or portion thereof, was on loan at December 31, 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 December 31, 2016.

 

(d)  At December 31, 2016, the total market value of the Fund’s securities on loan was $23,514 and the total market value of the collateral held by the Fund was $24,784. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $8,774.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

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

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

   Contracts
To Deliver
     In
Exchange For
     Unrealized
Gain (Loss)
 

1/3/2017

     MYR         930         USD         207       $   

1/4/2017

     MYR         460         USD         103           

1/5/2017

     MYR         914         USD         204           
                                         $   

 

CURRENCY LEGEND
MYR    Malaysian ringgit
USD    U.S. dollar

 

See Notes to Financial Statements.

 

64   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Europe Local Recovery Fund (EZR)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
         
COMMON STOCKS – 99.9%      
Austria – 3.7%      

Conwert Immobilien Invest SE*

     588       $ 10,060   

Erste Group Bank AG*

     632         18,548   

Oesterreichische Post AG*

     267         8,981   

OMV AG

     406         14,371   

Raiffeisen Bank International AG*

     676         12,392   

UNIQA Insurance Group AG

     2,168         16,464   

Vienna Insurance Group AG Wiener Versicherung Gruppe

     567         12,738   

Voestalpine AG

     511         20,099   

Wienerberger AG

     1,008         17,537   
     

 

 

 
Total Austria               131,190   
Belgium – 4.5%      

Ackermans & van Haaren N.V.

     130         18,113   

Ageas

     283         11,226   

bpost S.A.

     394         9,350   

Cie d’Entreprises CFE

     182         19,859   

Cofinimmo S.A.

     98         11,231   

D’ieteren S.A./N.V.

     212         9,390   

Euronav N.V.

     1,684         13,462   

KBC Group N.V.

     437         27,116   

Tessenderlo Chemie N.V.*

     252         9,250   

Umicore S.A.

     250         14,279   

Warehouses De Pauw CVA

     144         12,894   
     

 

 

 
Total Belgium               156,170   
Finland – 4.9%      

Metsa Board Oyj

     2,506         17,961   

Neste Oyj

     480         18,479   

Nokian Renkaat Oyj

     467         17,447   

Outokumpu Oyj*

     1,900         17,044   

Sampo Oyj Class A

     629         28,256   

Stora Enso Oyj Class R

     1,806         19,449   

Tieto Oyj

     435         11,892   

UPM-Kymmene Oyj

     1,169         28,778   

Uponor Oyj

     666         11,598   
     

 

 

 
Total Finland               170,904   
France – 28.2%      

Accor S.A.

     503         18,797   

Aeroports de Paris

     131         14,066   

Air France-KLM*

     1,255         6,849   

Alstom S.A.*

     574         15,847   

Alten S.A.

     289         20,338   

Altran Technologies S.A.*

     988         14,464   

Amundi S.A.(a)

     200         10,489   

Atos SE

     174         18,399   

AXA S.A.

     1,742         44,069   

BNP Paribas S.A.

     895         57,159   

Bouygues S.A.

     447         16,051   

Capgemini S.A.

     269         22,741   

Cie de Saint-Gobain

     639         29,827   

Cie Plastic Omnium S.A.

     289         9,245   

CNP Assurances

     873         16,206   
Investments    Shares      Value  
         

Credit Agricole S.A.

     2,033       $ 25,260   

Edenred

     523         10,390   

Eiffage S.A.

     255         17,819   

Elior Group(a)

     643         14,731   

Elis S.A.

     412         7,366   

Euler Hermes Group

     182         16,029   

Eurazeo S.A.

     255         14,949   

Europcar Groupe S.A.*(a)

     1,390         14,124   

Eutelsat Communications S.A.

     554         10,749   

Faurecia

     437         16,978   

Fonciere Des Regions

     133         11,635   

Groupe Eurotunnel SE Registered Shares

     1,605         15,293   

Groupe Fnac S.A.*

     190         12,872   

Havas S.A.

     1,524         12,860   

ICADE

     142         10,153   

JCDecaux S.A.

     469         13,816   

Klepierre

     284         11,187   

Lagardere SCA

     595         16,565   

Metropole Television S.A.

     834         15,544   

Natixis S.A.

     2,929         16,559   

Nexity S.A.*

     230         10,786   

Peugeot S.A.*

     1,286         21,018   

Renault S.A.

     228         20,323   

Rexel S.A.

     1,007         16,606   

SEB S.A.

     107         14,530   

Societe Generale S.A.

     876         43,191   

Sopra Steria Group

     132         15,016   

SPIE S.A.

     413         8,719   

Television Francaise 1(b)

     1,339         13,348   

Thales S.A.

     221         21,475   

TOTAL S.A.

     1,601         82,271   

Unibail-Rodamco SE

     76         18,177   

Vicat S.A.

     198         12,042   

Vinci S.A.

     496         33,848   

Vivendi S.A.

     1,318         25,099   

Wendel S.A.

     174         20,995   

Worldline S.A.*(a)

     530         14,970   
     

 

 

 
Total France               991,840   
Germany – 22.4%      

Aareal Bank AG

     333         12,562   

Allianz SE Registered Shares

     353         58,455   

Aurubis AG

     200         11,560   

Axel Springer SE

     227         11,045   

BASF SE

     704         65,574   

Bechtle AG

     152         15,843   

Bertrandt AG

     125         12,747   

Bilfinger SE*

     282         10,879   

Continental AG

     153         29,645   

CTS Eventim AG & Co. KGaA

     426         13,457   

Deutsche Bank AG Registered Shares*

     1,559         28,365   

Deutsche Boerse AG*

     317         25,926   

Deutsche Lufthansa AG Registered Shares

     906         11,725   

Deutsche Post AG Registered Shares

     1,038         34,197   
         

Deutsche Wohnen AG Bearer Shares

     466         14,667   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      65   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Local Recovery Fund (EZR)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
         
         

DMG MORI AG

     372       $ 16,935   

ElringKlinger AG(b)

     399         6,681   

Fielmann AG

     180         11,913   

Fraport AG Frankfurt Airport Services Worldwide

     247         14,634   

Fuchs Petrolub SE

     272         10,601   

Hamburger Hafen und Logistik AG

     497         9,278   

Hella KGaA Hueck & Co.

     243         9,187   

Hugo Boss AG

     239         14,654   

Indus Holding AG

     259         14,107   

KION Group AG

     200         11,151   

Kloeckner & Co. SE*

     1,443         18,127   

LEG Immobilien AG*

     131         10,197   

Leoni AG

     521         18,599   

MAN SE

     243         24,177   

Muenchener Rueckversicherungs—Gesellschaft AG Registered Shares

     137         25,959   

Nemetschek SE

     203         11,832   

Nordex SE*(b)

     560         12,044   

PATRIZIA Immobilien AG*

     348         5,794   

ProSiebenSat.1 Media SE

     445         17,183   

Rheinmetall AG

     277         18,669   

Salzgitter AG

     378         13,376   

Sixt SE

     264         14,187   

Stroeer SE & Co KGaA

     316         13,900   

Talanx AG

     281         9,416   

ThyssenKrupp AG

     882         21,062   

TUI AG

     1,221         17,148   

United Internet AG Registered Shares

     319         12,481   

Volkswagen AG

     76         10,962   

Wacker Neuson SE

     721         11,723   

Wirecard AG(b)

     269         11,602   

Zalando SE*(a)

     344         13,167   
     

 

 

 
Total Germany               787,393   
Ireland – 2.5%      

Bank of Ireland*

     64,839         16,003   

Irish Continental Group PLC

     1,553         7,371   

Kingspan Group PLC

     612         16,654   

Paddy Power Betfair PLC

     113         12,098   

Permanent TSB Group Holdings PLC*

     1,281         3,729   

Ryanair Holdings PLC ADR*

     175         14,571   

Smurfit Kappa Group PLC

     739         16,988   
     

 

 

 
Total Ireland               87,414   
Italy – 14.7%      

Anima Holding SpA(a)

     2,475         13,470   

Ansaldo STS SpA

     886         11,065   

Assicurazioni Generali SpA

     1,198         17,842   

Atlantia SpA

     653         15,332   

Azimut Holding SpA

     577         9,652   

Banca Generali SpA

     574         13,719   

Banca IFIS SpA

     451         12,368   

Banca Mediolanum SpA

     1,218         8,774   

Banca Monte dei Paschi di Siena SpA*(b)

     134         2,131   

Banca Popolare di Milano SCARL(b)

     17,757         6,711   
Investments    Shares      Value  
         
         

Banca Popolare di Sondrio SCPA

     3,883       $ 12,811   

Banco Popolare SC

     2,271         5,490   

BPER Banca

     2,396         12,787   

Brembo SpA

     328         19,893   

Brunello Cucinelli SpA

     456         9,783   

Buzzi Unicem SpA

     754         17,902   

Cerved Information Solutions SpA

     1,180         9,820   

Credito Emiliano SpA

     1,771         10,666   

De’ Longhi SpA

     495         11,789   

Ei Towers SpA*

     224         12,097   

Eni SpA

     2,145         35,000   

FinecoBank Banca Fineco SpA

     1,307         7,348   

Intesa Sanpaolo SpA

     13,614         34,836   

Intesa Sanpaolo SpA RSP

     5,662         13,341   

Leonardo-Finmeccanica SpA*

     1,295         18,221   

Mediaset SpA

     3,012         13,057   

Mediobanca SpA

     1,842         15,067   

OVS SpA(a)

     2,803         14,132   

Poste Italiane SpA(a)

     1,856         12,343   

Prysmian SpA

     704         18,118   

Saras SpA

     4,737         8,594   

Societa Iniziative Autostradali e Servizi SpA

     1,323         11,303   

Tod’s SpA(b)

     233         15,188   

UniCredit SpA(b)

     6,923         19,964   

Unione di Banche Italiane SpA(b)

     4,655         12,824   

UnipolSai SpA

     7,216         15,450   

Yoox Net-A-Porter Group SpA*

     613         17,418   
     

 

 

 
Total Italy               516,306   
Netherlands – 7.5%      

Aalberts Industries N.V.

     568         18,464   

ABN AMRO Group N.V. CVA(a)

     991         22,003   

Altice N.V. Class A*

     1,162         23,078   

Delta Lloyd N.V.

     2,198         12,327   

Euronext N.V.(a)

     355         14,680   

GrandVision N.V.(a)

     750         16,537   

IMCD Group N.V.

     255         10,890   

ING Groep N.V.

     3,303         46,579   

Intertrust N.V.(a)

     410         7,230   

Koninklijke BAM Groep N.V.

     2,123         9,830   

NN Group N.V.

     357         12,123   

PostNL N.V.*

     3,397         14,662   

Randstad Holding N.V.

     404         21,958   

Steinhoff International Holdings N.V.

     3,346         17,307   

TKH Group N.V. CVA

     421         16,692   
     

 

 

 
Total Netherlands               264,360   
Portugal – 1.7%      

Banco BPI S.A. Registered Shares*

     6,802         8,114   

Banco Comercial Portugues S.A. Registered Shares*(b)

     7,525         8,501   

CTT-Correios de Portugal S.A.

     1,622         11,026   

Navigator Co. S.A. (The)

     4,405         15,170   

NOS, SGPS S.A.

     2,898         17,233   
     

 

 

 
Total Portugal               60,044   

 

See Notes to Financial Statements.

 

66   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Local Recovery Fund (EZR)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
         
         
Spain – 9.4%      

Abertis Infraestructuras S.A.

     866       $ 12,144   

Aena S.A.(a)

     108         14,769   

Amadeus IT Group S.A.

     483         21,993   

Atresmedia Corp. de Medios de Comunicacion S.A.

     1,396         15,299   

Banco de Sabadell S.A.

     7,592         10,594   

Banco Popular Espanol S.A.(b)

     6,899         6,680   

Bankia S.A.

     12,424         12,724   

Bankinter S.A.

     2,181         16,931   

Bolsas y Mercados Espanoles SHMSF S.A.

     412         12,165   

CaixaBank S.A.

     5,816         19,262   

Cia de Distribucion Integral Logista Holdings S.A.

     514         11,927   

Cie Automotive S.A.

     629         12,283   

Ferrovial S.A.

     644         11,544   

Fomento de Construcciones y Contratas S.A.*

     687         5,472   

Grupo Catalana Occidente S.A.

     569         18,671   

Indra Sistemas S.A.*

     1,051         11,540   

Industria de Diseno Textil S.A.

     872         29,827   

Mediaset Espana Comunicacion S.A.

     1,294         15,218   

Melia Hotels International S.A.

     1,422         16,618   

NH Hotel Group S.A.*

     3,042         12,337   

Repsol S.A.

     1,181         16,717   

Sacyr S.A.*

     7,009         16,412   

Zardoya Otis S.A.

     1,111         9,410   
     

 

 

 
Total Spain               330,537   
United Kingdom – 0.4%      

International Consolidated Airlines Group S.A.

     2,767         14,969   

TOTAL COMMON STOCKS

(Cost: $3,637,911)

              3,511,127   
RIGHTS – 0.0%      
Spain – 0.0%      

Repsol S.A., expiring 1/12/17*

(Cost $412)

     1,181         439   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8%   
United States – 2.8%      

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(c)

(Cost: $97,673)(d)

     97,673         97,673   

TOTAL INVESTMENTS IN SECURITIES – 102.7%

(Cost: $3,735,996)

        3,609,239   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (2.7)%

        (94,221
     

 

 

 
NET ASSETS—100.0%             $ 3,515,018   

 

*  Non-income producing security.

 

  Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $2,131, which represents 0.06% of net assets.

 

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

 

(b) Security, or portion thereof, was on loan at December 31, 2016 (See Note 2).

 

(c) Rate shown represents annualized 7-day yield as of December 31, 2016.

 

(d) At December 31, 2016, the total market value of the Fund’s securities on loan was $104,084 and the total market value of the collateral held by the Fund was $110,039. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $12,366.

 

ADR – American Depositary Receipt

 

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      67   


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2016

 

  

 

 

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

WisdomTree Global SmallCap Dividend Fund(a)

(Cost: $19,103,358)

     811,887       $ 23,950,667   

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

        10,231   
     

 

 

 
NET ASSETS – 100.0%             $ 23,960,898   

 

(a)  Affiliated company (See Note 3).

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/3/2017

    DKK        105,236        USD        15,031      $ 103   

1/3/2017

    DKK        138,058        USD        19,722        138   

1/3/2017

    DKK        138,068        USD        19,722        137   

1/3/2017

    DKK        138,124        USD        19,722        129   

1/3/2017

    DKK        138,079        USD        19,722        135   

1/3/2017

    DKK        4,800        USD        680        (1

1/3/2017

    EUR        86        HKD        700          

1/3/2017

    EUR        99        HUF        30,500          

1/3/2017

    EUR        170        PLN        750          

1/3/2017

    EUR        4,277        SEK        41,000        2   

1/3/2017

    EUR        210,506        USD        223,723        1,691   

1/3/2017

    EUR        276,298        USD        293,634        2,208   

1/3/2017

    EUR        276,294        USD        293,634        2,213   

1/3/2017

    EUR        276,298        USD        293,634        2,209   

1/3/2017

    EUR        276,299        USD        293,634        2,208   

1/3/2017

    EUR        5,164        ZAR        74,670        14   

1/3/2017

    HUF        857,328        USD        2,904        (24

1/3/2017

    HUF        856,684        USD        2,904        (22

1/3/2017

    HUF        653,941        USD        2,217        (16

1/3/2017

    HUF        857,062        USD        2,904        (23

1/3/2017

    HUF        856,622        USD        2,904        (21

1/3/2017

    ILS        45,026        USD        11,752        53   

1/3/2017

    ILS        45,031        USD        11,752        52   

1/3/2017

    ILS        34,313        USD        8,955        39   

1/3/2017

    ILS        45,029        USD        11,752        52   

1/3/2017

    ILS        45,028        USD        11,752        52   

1/3/2017

    ILS        1,000        USD        259          

1/3/2017

    NOK        368,549        USD        43,295        479   

1/3/2017

    NOK        483,684        USD        56,824        632   

1/3/2017

    NOK        483,684        USD        56,824        632   

1/3/2017

    NOK        483,676        USD        56,824        633   

1/3/2017

    NOK        483,732        USD        56,824        626   

1/3/2017

    NOK        26,800        USD        3,103        (11

1/3/2017

    PLN        34,725        USD        8,280        (39

1/3/2017

    PLN        34,724        USD        8,280        (38

1/3/2017

    PLN        26,472        USD        6,313        (29

1/3/2017

    PLN        34,731        USD        8,280        (40

1/3/2017

    PLN        34,725        USD        8,280        (39

1/3/2017

    SEK        627,519        USD        68,117        (958

1/3/2017

    SEK        478,053        USD        51,899        (723

1/3/2017

    SEK        627,509        USD        68,117        (957

1/3/2017

    SEK        627,519        USD        68,117        (958

1/3/2017

    SEK        627,573        USD        68,117        (964

1/3/2017

    TRY        35,873        USD        10,387        189   

1/3/2017

    TRY        47,074        USD        13,629      $ 247   

1/3/2017

    TRY        47,078        USD        13,629        246   

1/3/2017

    TRY        47,074        USD        13,629        246   

1/3/2017

    TRY        47,074        USD        13,629        247   

1/3/2017

    TRY        4,300        USD        1,220        (2

1/3/2017

    USD        627        DKK        4,452        5   

1/3/2017

    USD        21,459        DKK        151,280        1   

1/3/2017

    USD        23,323        DKK        164,425        1   

1/3/2017

    USD        24,255        DKK        170,990          

1/3/2017

    USD        24,255        DKK        170,987          

1/3/2017

    USD        9,340        EUR        8,919        67   

1/3/2017

    USD        347,229        EUR        329,215        10   

1/3/2017

    USD        319,454        EUR        302,880        9   

1/3/2017

    USD        361,118        EUR        342,380        7   

1/3/2017

    USD        361,118        EUR        342,373          

1/3/2017

    USD        92        HUF        27,186        1   

1/3/2017

    USD        3,162        HUF        925,983          

1/3/2017

    USD        3,435        HUF        1,005,950          

1/3/2017

    USD        3,572        HUF        1,046,014          

1/3/2017

    USD        3,572        HUF        1,045,998          

1/3/2017

    USD        374        ILS        1,426        (3

1/3/2017

    USD        12,786        ILS        49,211        1   

1/3/2017

    USD        13,897        ILS        53,488        1   

1/3/2017

    USD        14,453        ILS        55,625          

1/3/2017

    USD        14,453        ILS        55,625          

1/3/2017

    USD        1,808        NOK        15,710        17   

1/3/2017

    USD        67,195        NOK        578,423        3   

1/3/2017

    USD        61,822        NOK        532,159        2   

1/3/2017

    USD        69,883        NOK        601,541        1   

1/3/2017

    USD        69,883        NOK        601,532          

1/3/2017

    USD        263        PLN        1,108        2   

1/3/2017

    USD        9,010        PLN        37,612          

1/3/2017

    USD        9,792        PLN        40,878        1   

1/3/2017

    USD        10,184        PLN        42,512          

1/3/2017

    USD        10,184        PLN        42,511          

1/3/2017

    USD        2,167        SEK        19,900        23   

1/3/2017

    USD        80,550        SEK        731,801        4   

1/3/2017

    USD        74,106        SEK        673,240        2   

1/3/2017

    USD        83,772        SEK        761,047        1   

1/3/2017

    USD        83,772        SEK        761,035          

1/3/2017

    USD        434        TRY        1,527          

1/3/2017

    USD        16,117        TRY        56,697        1   

1/3/2017

    USD        14,830        TRY        52,169        1   

1/3/2017

    USD        16,761        TRY        58,959          

1/3/2017

    USD        16,761        TRY        58,958          

1/4/2017

    AUD        2,476        CAD        2,400        (3

1/4/2017

    AUD        225,372        USD        166,375        3,183   

1/4/2017

    AUD        225,376        USD        166,375        3,180   

1/4/2017

    AUD        171,721        USD        126,763        2,420   

1/4/2017

    AUD        225,384        USD        166,375        3,175   

1/4/2017

    AUD        225,376        USD        166,375        3,180   

1/4/2017

    AUD        18,300        USD        13,208        (43

1/4/2017

    CHF        21,504        USD        21,165        7   

1/4/2017

    CHF        16,387        USD        16,127        4   

1/4/2017

    CHF        21,504        USD        21,165        7   

1/4/2017

    CHF        21,505        USD        21,165        6   

1/4/2017

    CHF        21,506        USD        21,165        5   

1/4/2017

    GBP        223,672        USD        279,755        3,375   

1/4/2017

    GBP        170,423        USD        213,149        2,566   

 

See Notes to Financial Statements.

 

68   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2016

 

  

 

 

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/4/2017

    GBP        223,662        USD        279,755      $ 3,387   

1/4/2017

    GBP        223,675        USD        279,755        3,371   

1/4/2017

    GBP        223,679        USD        279,755        3,366   

1/4/2017

    GBP        13,070        USD        16,091        (59

1/4/2017

    HKD        718,978        USD        92,719        (15

1/4/2017

    HKD        943,715        USD        121,689        (31

1/4/2017

    HKD        943,731        USD        121,689        (33

1/4/2017

    HKD        943,681        USD        121,689        (27

1/4/2017

    HKD        943,773        USD        121,689        (39

1/4/2017

    INR        666,326        USD        9,684        (121

1/4/2017

    KRW        56,900,182        USD        48,669        1,559   

1/4/2017

    KRW        56,900,182        USD        48,699        1,589   

1/4/2017

    KRW        48,146,308        USD        41,202        1,339   

1/4/2017

    KRW        56,900,182        USD        48,700        1,589   

1/4/2017

    MXN        107,266        USD        5,216        9   

1/4/2017

    MXN        140,652        USD        6,843        16   

1/4/2017

    MXN        140,648        USD        6,843        16   

1/4/2017

    MXN        140,656        USD        6,843        16   

1/4/2017

    MXN        140,646        USD        6,843        16   

1/4/2017

    PHP        1,712,886        USD        34,326        (140

1/4/2017

    USD        5,292        AUD        7,378        50   

1/4/2017

    USD        181,005        AUD        249,979        5   

1/4/2017

    USD        196,742        AUD        271,706          

1/4/2017

    USD        204,612        AUD        282,570        (3

1/4/2017

    USD        204,612        AUD        282,574          

1/4/2017

    USD        673        CHF        689        5   

1/4/2017

    USD        25,028        CHF        25,438        1   

1/4/2017

    USD        23,028        CHF        23,405        1   

1/4/2017

    USD        26,029        CHF        26,455          

1/4/2017

    USD        26,029        CHF        26,455          

1/4/2017

    USD        8,899        GBP        7,255        66   

1/4/2017

    USD        304,353        GBP        246,316        7   

1/4/2017

    USD        330,817        GBP        267,735        10   

1/4/2017

    USD        344,050        GBP        278,441        5   

1/4/2017

    USD        344,050        GBP        278,436          

1/4/2017

    USD        3,871        HKD        30,034        3   

1/4/2017

    USD        132,389        HKD        1,026,407        (3

1/4/2017

    USD        143,901        HKD        1,115,653        (4

1/4/2017

    USD        149,657        HKD        1,160,295        (2

1/4/2017

    USD        149,657        HKD        1,160,545        30   

1/4/2017

    USD        65        INR        4,408          

1/4/2017

    USD        9,740        INR        661,918          

1/4/2017

    USD        1,249        KRW        1,500,523        (6

1/4/2017

    USD        46,788        KRW        56,510,046          

1/4/2017

    USD        46,780        KRW        56,510,046        8   

1/4/2017

    USD        46,760        KRW        56,510,046        27   

1/4/2017

    USD        39,573        KRW        47,816,193        16   

1/4/2017

    USD        218        MXN        4,507        1   

1/4/2017

    USD        8,092        MXN        166,716          

1/4/2017

    USD        7,446        MXN        153,406          

1/4/2017

    USD        8,416        MXN        173,385          

1/4/2017

    USD        8,416        MXN        173,382          

1/4/2017

    USD        231        PHP        11,504          

1/4/2017

    USD        34,347        PHP        1,701,382        (113

1/5/2017

    BRL        90,691        USD        26,611        (1,245

1/5/2017

    BRL        90,691        USD        26,557        (1,300

1/5/2017

    BRL        90,691        USD        26,547        (1,310

1/5/2017

    BRL        90,691        USD        26,539        (1,318

1/5/2017

    BRL        69,099        USD        20,226        (998

1/5/2017

    CAD        170,190        USD        126,615      $ (297

1/5/2017

    CAD        223,355        USD        166,177        (380

1/5/2017

    CAD        223,363        USD        166,177        (386

1/5/2017

    CAD        223,364        USD        166,177        (386

1/5/2017

    CAD        223,357        USD        166,177        (381

1/5/2017

    CLP        8,649,826        USD        12,817        (97

1/5/2017

    CLP        11,352,896        USD        16,838        (111

1/5/2017

    CLP        11,352,896        USD        16,824        (125

1/5/2017

    CLP        11,352,896        USD        16,819        (130

1/5/2017

    CLP        11,352,896        USD        16,824        (125

1/5/2017

    IDR        808,145,456        USD        59,357        (787

1/5/2017

    JPY        51,634,947        USD        454,152        11,447   

1/5/2017

    JPY        67,778,404        USD        596,070        14,955   

1/5/2017

    JPY        67,778,344        USD        596,070        14,955   

1/5/2017

    JPY        67,769,701        USD        596,070        15,029   

1/5/2017

    JPY        67,785,318        USD        596,070        14,895   

1/5/2017

    JPY        8,328,537        USD        71,298        (109

1/5/2017

    MYR        636,162        USD        141,432        (360

1/5/2017

    NZD        80,883        USD        57,259        859   

1/5/2017

    NZD        106,155        USD        75,152        1,130   

1/5/2017

    NZD        106,157        USD        75,152        1,129   

1/5/2017

    NZD        106,155        USD        75,152        1,130   

1/5/2017

    NZD        106,156        USD        75,152        1,129   

1/5/2017

    NZD        7,800        USD        5,418        (21

1/5/2017

    SGD        66,975        USD        46,755        396   

1/5/2017

    SGD        66,980        USD        46,755        393   

1/5/2017

    SGD        51,024        USD        35,626        308   

1/5/2017

    SGD        66,970        USD        46,755        400   

1/5/2017

    SGD        66,969        USD        46,755        400   

1/5/2017

    SGD        2,700        USD        1,864        (5

1/5/2017

    THB        8,739,604        USD        245,253        1,102   

1/5/2017

    TWD        13,835,124        USD        434,179        4,881   

1/5/2017

    USD        859        BRL        2,812        5   

1/5/2017

    USD        30,319        BRL        98,683        (8

1/5/2017

    USD        32,956        BRL        107,262        (10

1/5/2017

    USD        34,274        BRL        111,553        (10

1/5/2017

    USD        34,274        BRL        111,553        (10

1/5/2017

    USD        5,286        CAD        7,144        42   

1/5/2017

    USD        180,790        CAD        242,440        (1

1/5/2017

    USD        196,509        CAD        263,517        (3

1/5/2017

    USD        204,369        CAD        274,055        (5

1/5/2017

    USD        204,369        CAD        274,069        6   

1/5/2017

    USD        537        CLP        362,072        3   

1/5/2017

    USD        18,441        CLP        12,350,850        (2

1/5/2017

    USD        20,044        CLP        13,424,834        (1

1/5/2017

    USD        20,845        CLP        13,961,827        (2

1/5/2017

    USD        20,845        CLP        13,961,827        (2

1/5/2017

    USD        398        IDR        5,351,666          

1/5/2017

    USD        59,732        IDR        802,793,790        14   

1/5/2017

    USD        18,961        JPY        2,220,513        77   

1/5/2017

    USD        648,480        JPY        75,637,345        16   

1/5/2017

    USD        704,867        JPY        82,214,559        21   

1/5/2017

    USD        733,062        JPY        85,502,152        13   

1/5/2017

    USD        733,062        JPY        85,500,686          

1/5/2017

    USD        951        MYR        4,259        (2

1/5/2017

    USD        141,255        MYR        631,903        (412

1/5/2017

    USD        2,391        NZD        3,480        36   

1/5/2017

    USD        88,869        NZD        127,451        3   

1/5/2017

    USD        81,761        NZD        117,250        (2

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      69   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2016

 

  

 

 

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

1/5/2017

    USD        92,423        NZD        132,546      $ 1   

1/5/2017

    USD        92,423        NZD        132,544          

1/5/2017

    USD        1,487        SGD        2,152        2   

1/5/2017

    USD        50,868        SGD        73,483        (5

1/5/2017

    USD        55,289        SGD        79,870        (4

1/5/2017

    USD        57,501        SGD        83,071        (1

1/5/2017

    USD        57,501        SGD        83,072          

1/5/2017

    USD        1,639        THB        58,954        8   

1/5/2017

    USD        242,409        THB        8,680,650        96   

1/5/2017

    USD        2,887        TWD        93,054        1   

1/5/2017

    USD        427,038        TWD        13,742,070        (627

1/5/2017

    USD        1,116        ZAR        15,677        30   

1/5/2017

    USD        38,168        ZAR        522,049        1   

1/5/2017

    USD        41,485        ZAR        567,347        (4

1/5/2017

    USD        43,144        ZAR        590,003        (7

1/5/2017

    USD        43,144        ZAR        589,994        (7

1/5/2017

    ZAR        377,606        USD        26,733        (875

1/5/2017

    ZAR        495,512        USD        35,081        (1,148

1/5/2017

    ZAR        495,493        USD        35,081        (1,146

1/5/2017

    ZAR        495,473        USD        35,081        (1,145

1/5/2017

    ZAR        495,661        USD        35,081        (1,159

2/2/2017

    AUD        250,135        USD        180,983        (9

2/2/2017

    AUD        271,875        USD        196,718        (5

2/2/2017

    AUD        282,749        USD        204,586        (5

2/2/2017

    AUD        282,761        USD        204,586        (13

2/2/2017

    CHF        25,677        USD        25,313        (2

2/2/2017

    CHF        27,910        USD        27,513        (4

2/2/2017

    CHF        29,027        USD        28,614        (4

2/2/2017

    CHF        29,028        USD        28,614        (5

2/2/2017

    DKK        174,491        USD        24,793          

2/2/2017

    DKK        160,541        USD        22,812        2   

2/2/2017

    DKK        181,485        USD        25,784        (2

2/2/2017

    DKK        181,486        USD        25,784        (2

2/2/2017

    EUR        332,066        USD        350,748        (18

2/2/2017

    EUR        360,918        USD        381,245        1   

2/2/2017

    EUR        375,387        USD        396,495        (32

2/2/2017

    EUR        375,337        USD        396,495        21   

2/2/2017

    GBP        272,126        USD        336,479        (35

2/2/2017

    GBP        250,348        USD        309,563        (20

2/2/2017

    GBP        283,023        USD        349,938        (52

2/2/2017

    GBP        283,025        USD        349,938        (55

2/2/2017

    HKD        978,555        USD        126,236        2   

2/2/2017

    HKD        1,063,641        USD        137,210          

2/2/2017

    HKD        1,106,213        USD        142,698        (3

2/2/2017

    HKD        1,106,442        USD        142,698        (33

2/2/2017

    HUF        941,999        USD        3,219          

2/2/2017

    HUF        1,023,337        USD        3,497          

2/2/2017

    HUF        1,064,064        USD        3,636        (1

2/2/2017

    HUF        1,064,012        USD        3,636          

2/2/2017

    ILS        50,306        USD        13,079        (1

2/2/2017

    ILS        54,680        USD        14,215        (2

2/2/2017

    ILS        56,868        USD        14,784        (2

2/2/2017

    ILS        56,864        USD        14,784        (1

2/2/2017

    NOK        600,356        USD        69,756        (10

2/2/2017

    NOK        552,295        USD        64,178        (2

2/2/2017

    NOK        624,356        USD        72,546        (8

2/2/2017

    NOK        624,345        USD        72,546        (7

2/2/2017

    NZD        126,253        USD        87,947        (6

2/2/2017

    NZD        116,147        USD        80,912        (1

2/2/2017

    NZD        131,305        USD        91,465      $ (7

2/2/2017

    NZD        131,311        USD        91,465        (12

2/2/2017

    PHP        1,647,133        USD        33,115          

2/2/2017

    PLN        43,376        USD        10,384        (2

2/2/2017

    PLN        39,921        USD        9,556        (2

2/2/2017

    PLN        45,113        USD        10,799        (2

2/2/2017

    PLN        45,107        USD        10,799        (1

2/2/2017

    SEK        782,004        USD        86,223        (15

2/2/2017

    SEK        719,276        USD        79,326        5   

2/2/2017

    SEK        813,162        USD        89,672        (3

2/2/2017

    SEK        813,110        USD        89,672        3   

2/2/2017

    TRY        60,043        USD        16,960        (2

2/2/2017

    TRY        55,247        USD        15,605        (3

2/2/2017

    TRY        62,445        USD        17,638        (3

2/2/2017

    TRY        62,449        USD        17,638        (4

2/3/2017

    BRL        110,145        USD        33,565        10   

2/3/2017

    BRL        101,335        USD        30,873        1   

2/3/2017

    BRL        114,551        USD        34,908        10   

2/3/2017

    BRL        114,551        USD        34,911        13   

2/3/2017

    CAD        254,182        USD        189,621        8   

2/3/2017

    CAD        276,277        USD        206,109        14   

2/3/2017

    CAD        287,357        USD        214,353        (8

2/3/2017

    CAD        287,377        USD        214,353        (22

2/3/2017

    CLP        12,681,275        USD        18,933        38   

2/3/2017

    CLP        11,666,773        USD        17,381        (3

2/3/2017

    CLP        13,188,526        USD        19,647        (4

2/3/2017

    CLP        13,188,526        USD        19,647        (4

2/3/2017

    IDR        961,966,869        USD        71,204        (86

2/3/2017

    INR        670,740        USD        9,838        (6

2/3/2017

    JPY        77,111,819        USD        662,149        (83

2/3/2017

    JPY        83,814,655        USD        719,727        (68

2/3/2017

    JPY        87,170,676        USD        748,516        (101

2/3/2017

    JPY        87,177,412        USD        748,516        (158

2/3/2017

    KRW        57,895,765        USD        47,933        (306

2/3/2017

    KRW        57,895,765        USD        47,924        (314

2/3/2017

    KRW        57,895,765        USD        47,905        (333

2/3/2017

    KRW        48,988,727        USD        40,540        (277

2/3/2017

    MXN        171,211        USD        8,275        (3

2/3/2017

    MXN        157,562        USD        7,616        (2

2/3/2017

    MXN        178,031        USD        8,606        (1

2/3/2017

    MXN        178,028        USD        8,606        (1

2/3/2017

    SGD        78,274        USD        54,167        (6

2/3/2017

    SGD        72,022        USD        49,835        (10

2/3/2017

    SGD        81,405        USD        56,333        (7

2/3/2017

    SGD        81,407        USD        56,333        (8

2/3/2017

    THB        9,074,921        USD        253,206        (251

2/3/2017

    ZAR        547,519        USD        39,810        (5

2/3/2017

    ZAR        595,125        USD        43,270        (7

2/3/2017

    ZAR        618,786        USD        45,000        3   

2/3/2017

    ZAR        618,750        USD        45,000        5   

2/6/2017

    MYR        609,281        USD        135,682        (15

2/6/2017

    TWD        13,724,923        USD        426,041        (40
                                    $ 113,934   

 

 

See Notes to Financial Statements.

 

70   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2016

 

  

 

 

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
HUF    Hungary forint
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 Semi-Annual Report December 31, 2016      71   


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2016

 

  

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%      
Australia – 3.4%      

AP Eagers Ltd.

     4,885       $ 32,613   

Automotive Holdings Group Ltd.

     8,314         23,780   

Blackmores Ltd.(a)

     321         24,025   

Brickworks Ltd.

     2,306         22,692   

CSR Ltd.

     21,533         72,035   

Downer EDI Ltd.

     16,234         71,588   

Event Hospitality and Entertainment Ltd.

     3,807         37,959   

Fairfax Media Ltd.

     69,439         44,750   

Genworth Mortgage Insurance Australia Ltd.

     19,780         46,835   

IRESS Ltd.

     4,993         42,915   

Mineral Resources Ltd.

     1,992         17,482   

Navitas Ltd.

     11,454         41,303   

New Hope Corp., Ltd.

     8,828         10,579   

OceanaGold Corp.

     4,502         13,126   

OZ Minerals Ltd.

     5,762         32,919   

Pact Group Holdings Ltd.

     3,184         15,563   

Perpetual Ltd.

     1,574         55,574   

Premier Investments Ltd.

     4,230         44,229   

Primary Health Care Ltd.

     16,792         49,609   

Regis Healthcare Ltd.(a)

     5,406         17,928   

Seven Group Holdings Ltd.(a)

     14,047         79,744   

Sigma Pharmaceuticals Ltd.

     17,338         16,195   

Sims Metal Management Ltd.

     2,976         27,648   

Super Retail Group Ltd.

     5,993         44,914   
     

 

 

 
Total Australia               886,005   
Austria – 0.2%      

RHI AG

     693         17,726   

Schoeller-Bleckmann Oilfield Equipment AG

     342         27,606   
     

 

 

 
Total Austria               45,332   
Belgium – 0.5%      

Econocom Group S.A./N.V.

     1,952         28,701   

Euronav N.V.

     10,078         80,563   

Ion Beam Applications

     454         19,939   
     

 

 

 
Total Belgium               129,203   
Brazil – 0.5%      

Grendene S.A.

     6,362         34,364   

Iguatemi Empresa de Shopping Centers S.A.

     788         6,457   

Mahle-Metal Leve S.A.

     4,752         30,311   

MRV Engenharia e Participacoes S.A.

     4,840         16,269   

Qualicorp S.A.

     3,715         21,972   

Sul America S.A.

     2,856         15,795   
     

 

 

 
Total Brazil               125,168   
Canada – 3.5%      

Aimia, Inc.

     5,500         36,419   

Canadian Energy Services & Technology Corp.

     7,407         42,308   

Canadian Western Bank(a)

     1,350         30,542   

Capital Power Corp.(a)

     3,744         64,854   

Chemtrade Logistics Income Fund

     2,748         38,811   

Cogeco Communications, Inc.

     550         27,167   

Corus Entertainment, Inc. Class B

     7,734         72,666   
Investments    Shares      Value  

EnerCare, Inc.

     3,353       $ 44,605   

Enerplus Corp.

     11,735         111,483   

Intertape Polymer Group, Inc.

     1,088         20,429   

Laurentian Bank of Canada

     702         30,220   

Mullen Group Ltd.

     3,149         46,564   

Nevsun Resources Ltd.

     9,692         29,993   

New Flyer Industries, Inc.(a)

     450         13,704   

North West Co., Inc. (The)

     2,135         43,813   

Russel Metals, Inc.

     2,825         53,886   

Secure Energy Services, Inc.

     3,375         29,470   

Superior Plus Corp.(a)

     5,254         49,952   

TransAlta Corp.

     15,981         88,542   

Uni-Select, Inc.

     338         7,433   

Westshore Terminals Investment Corp.

     2,231         43,071   
     

 

 

 
Total Canada               925,932   
Chile – 0.3%      

Engie Energia Chile S.A.

     16,996         26,898   

Inversiones Aguas Metropolitanas S.A.

     13,612         19,634   

Ripley Corp. S.A.

     29,886         17,818   

Vina Concha y Toro S.A.

     17,233         27,656   
     

 

 

 
Total Chile         92,006   
China – 1.9%   

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     18,000         24,331   

China Communications Services Corp., Ltd. Class H

     72,000         45,875   

China National Building Material Co., Ltd. Class H

     54,000         26,258   

China Southern Airlines Co., Ltd. Class H

     28,000         14,554   

China Travel International Investment Hong Kong Ltd.(a)

     84,000         23,077   

CITIC Telecom International Holdings Ltd.

     52,000         15,627   

Fuyao Glass Industry Group Co., Ltd. Class H(a)(b)

     5,600         17,371   

Guangzhou R&F Properties Co., Ltd. Class H

     18,400         22,261   

Jiangsu Expressway Co., Ltd. Class H

     36,000         45,504   

Jiangxi Copper Co., Ltd. Class H

     27,000         37,680   

Red Star Macalline Group Corp. Ltd. Class H(b)

     14,000         14,446   

Shengjing Bank Co., Ltd. Class H(b)

     10,500         10,699   

Shougang Fushan Resources Group Ltd.

     38,000         7,450   

Sinopec Engineering Group Co., Ltd. Class H

     19,500         16,273   

Sinotrans Ltd. Class H

     36,000         16,066   

SITC International Holdings Co., Ltd.

     54,000         32,874   

Tianneng Power International Ltd.

     14,000         12,857   

Weichai Power Co., Ltd. Class H

     18,000         27,720   

Yuzhou Properties Co., Ltd.

     53,000         18,457   

Zhejiang Expressway Co., Ltd. Class H

     36,000         34,360   

Zijin Mining Group Co., Ltd. Class H

     108,000         34,825   
     

 

 

 
Total China         498,565   
Denmark – 0.5%   

Alm Brand A/S

     4,257         32,609   

Scandinavian Tobacco Group A/S Class A(b)

     2,816         47,496   

Schouw & Co. AB

     256         19,101   

Spar Nord Bank A/S

     1,692         19,441   
     

 

 

 
Total Denmark         118,647   
Finland – 0.4%   

Caverion Corp.

     2,741         22,897   

 

See Notes to Financial Statements.

 

72   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Cramo Oyj

     539       $ 13,525   

Sanoma Oyj

     797         6,931   

Tikkurila Oyj

     911         18,074   

Uponor Oyj

     1,997         34,776   

YIT Oyj

     2,179         17,444   
     

 

 

 
Total Finland         113,647   
France – 0.8%   

Coface S.A.

     3,172         20,743   

Gaztransport Et Technigaz S.A.

     1,659         71,909   

IPSOS

     862         27,135   

Neopost S.A.

     2,499         78,337   
     

 

 

 
Total France         198,124   
Germany – 0.9%   

BayWa AG

     633         20,557   

Hamburger Hafen und Logistik AG

     2,069         38,626   

Indus Holding AG

     720         39,217   

Leoni AG

     493         17,599   

Pfeiffer Vacuum Technology AG

     266         24,920   

Sixt SE

     480         25,795   

Takkt AG

     828         18,785   

TLG Immobilien AG

     1,368         25,828   

Wacker Neuson SE

     1,781         28,957   
     

 

 

 
Total Germany         240,284   
Hong Kong – 0.4%   

China High Speed Transmission Equipment Group Co., Ltd.

     10,000         11,673   

Kowloon Development Co., Ltd.

     18,000         17,064   

Television Broadcasts Ltd.

     27,000         88,802   
     

 

 

 
Total Hong Kong         117,539   
Indonesia – 0.3%   

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     90,800         22,848   

Bumitama Agri Ltd.

     45,000         26,009   

Indo Tambangraya Megah Tbk PT

     16,200         20,291   

Tambang Batubara Bukit Asam Persero Tbk PT

     17,700         16,422   
     

 

 

 
Total Indonesia         85,570   
Ireland – 0.3%   

C&C Group PLC

     10,659         43,284   

Grafton Group PLC

     3,939         26,770   
     

 

 

 
Total Ireland         70,054   
Israel – 0.3%   

Amot Investments Ltd.

     8,719         37,018   

First International Bank of Israel Ltd.

     1,574         23,107   

Strauss Group Ltd.

     1,831         28,992   
     

 

 

 
Total Israel         89,117   
Italy – 2.1%   

Anima Holding SpA(b)

     8,972         48,830   

Banca IFIS SpA

     731         20,047   

Banca Popolare di Sondrio SCPA

     7,441         24,550   

BPER Banca

     5,233         27,929   

Cerved Information Solutions SpA

     2,265         18,849   
Investments    Shares      Value  

Credito Emiliano SpA

     4,577       $ 27,565   

ERG SpA

     4,267         45,906   

Interpump Group SpA

     655         10,743   

MARR SpA

     2,303         42,145   

OVS SpA(b)

     4,510         22,738   

Salini Impregilo SpA

     5,950         18,840   

Saras SpA

     58,070         105,349   

Tod’s SpA(a)

     942         61,403   

Unipol Gruppo Finanziario SpA

     20,731         74,869   
     

 

 

 
Total Italy         549,763   
Japan – 12.0%   

77 Bank Ltd. (The)

     3,000         14,507   

ADEKA Corp.

     2,700         36,807   

Ai Holdings Corp.(a)

     500         9,963   

Aica Kogyo Co., Ltd.

     2,400         63,480   

Alpine Electronics, Inc.

     1,100         14,364   

Amano Corp.

     1,800         31,683   

AOKI Holdings, Inc.

     2,100         25,891   

Arcs Co., Ltd.

     1,800         40,634   

Ariake Japan Co., Ltd.

     300         16,101   

Bic Camera, Inc.

     1,800         16,513   

Capcom Co., Ltd.

     700         16,504   

Citizen Watch Co., Ltd.

     6,800         40,753   

Cocokara fine, Inc.

     300         11,047   

COOKPAD, Inc.(a)

     800         7,373   

Cosmo Energy Holdings Co., Ltd.

     1,200         16,904   

Daikyonishikawa Corp.

     1,000         12,878   

Daishi Bank Ltd. (The)

     3,000         13,504   

DCM Holdings Co., Ltd.

     3,600         32,038   

DMG Mori Co., Ltd.

     2,300         27,962   

Doutor Nichires Holdings Co., Ltd.

     900         16,598   

EDION Corp.

     2,600         24,432   

Exedy Corp.

     1,800         50,774   

Fancl Corp.

     1,100         15,410   

Fuji Oil Holdings, Inc.

     1,000         19,685   

Fujikura Ltd.

     2,500         13,611   

Fujitec Co., Ltd.

     1,200         14,085   

GMO Internet, Inc.

     1,700         21,776   

Gree, Inc.

     2,000         10,580   

GS Yuasa Corp.

     6,000         25,001   

H2O Retailing Corp.

     1,900         29,062   

Hanwa Co., Ltd.

     3,000         19,677   

Hazama Ando Corp.

     2,400         15,865   

Heiwado Co., Ltd.

     600         14,208   

HIS Co., Ltd.

     600         15,819   

Hokuetsu Kishu Paper Co., Ltd.

     4,500         25,618   

Hokuhoku Financial Group, Inc.

     1,700         29,399   

Hyakugo Bank Ltd. (The)

     5,000         20,363   

Ibiden Co., Ltd.

     1,600         21,578   

Japan Aviation Electronics Industry Ltd.

     1,000         14,112   

Juroku Bank Ltd. (The)

     7,000         24,607   

kabu.com Securities Co., Ltd.

     13,500         46,530   

Kadokawa Dwango*

     700         10,137   

Kanamoto Co., Ltd.

     500         13,268   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      73   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Keihin Corp.

     1,500       $ 26,339   

Keiyo Bank Ltd. (The)

     3,000         13,632   

Kobe Bussan Co., Ltd.(a)

     200         7,048   

Kumagai Gumi Co., Ltd.

     5,000         12,861   

KYORIN Holdings, Inc.

     1,000         21,494   

Kyowa Exeo Corp.

     2,000         28,842   

Leopalace21 Corp.

     3,300         18,278   

Lintec Corp.

     1,800         39,400   

Maeda Road Construction Co., Ltd.

     2,000         33,523   

Meitec Corp.

     900         34,531   

Mitsubishi Shokuhin Co., Ltd.

     900         26,814   

Mitsui Engineering & Shipbuilding Co., Ltd.

     16,000         24,830   

Mitsui Mining & Smelting Co., Ltd.

     9,000         22,840   

Mochida Pharmaceutical Co., Ltd.

     900         62,580   

Nachi-Fujikoshi Corp.

     4,000         17,388   

Nagase & Co., Ltd.

     4,200         55,023   

Nanto Bank Ltd. (The)

     300         11,446   

Nichias Corp.

     2,000         19,342   

Nihon Unisys Ltd.

     2,100         26,467   

Nikkon Holdings Co., Ltd.

     1,800         37,656   

Nippon Flour Mills Co., Ltd.

     4,500         62,734   

Nippon Gas Co., Ltd.

     200         5,762   

Nippon Light Metal Holdings Co., Ltd.

     14,400         30,495   

Nippon Steel & Sumikin Bussan Corp.

     1,100         42,629   

Nippon Suisan Kaisha Ltd.

     2,400         11,564   

Nishimatsu Construction Co., Ltd.

     6,000         29,116   

Nissan Shatai Co., Ltd.

     2,700         26,321   

Nissha Printing Co., Ltd.(a)

     300         7,243   

Nisshin Steel Co., Ltd.

     3,000         37,064   

Nisshinbo Holdings, Inc.

     3,500         33,849   

Nissin Kogyo Co., Ltd.

     1,100         17,438   

Noevir Holdings Co., Ltd.

     1,000         31,380   

NOF Corp.

     6,000         57,873   

Nomura Co., Ltd.

     700         10,155   

North Pacific Bank Ltd.

     6,800         28,101   

NS Solutions Corp.

     1,800         32,471   

NTN Corp.

     9,000         36,498   

Ohsho Food Service Corp.

     600         22,660   

Okamura Corp.

     1,900         17,121   

Okasan Securities Group, Inc.

     6,500         40,237   

Oki Electric Industry Co., Ltd.

     2,000         28,156   

OKUMA Corp.

     3,000         28,679   

Okumura Corp.

     5,000         28,208   

Onward Holdings Co., Ltd.

     4,000         28,088   

Open House Co., Ltd.

     600         14,301   

Paltac Corp.

     1,800         42,625   

PanaHome Corp.

     5,000         40,554   

Paramount Bed Holdings Co., Ltd.

     500         20,020   

Rengo Co., Ltd.

     3,000         16,359   

Ryosan Co., Ltd.

     900         27,239   

Saibu Gas Co., Ltd.

     18,000         38,891   

San-In Godo Bank Ltd. (The)

     1,500         12,539   

Sangetsu Corp.

     1,000         17,379   

Sankyu, Inc.

     5,000         30,308   
Investments    Shares      Value  

Sanrio Co., Ltd.

     2,700       $ 51,067   

Senko Co., Ltd.

     2,600         17,588   

Senshu Ikeda Holdings, Inc.

     3,400         15,712   

Shimachu Co., Ltd.

     900         24,037   

Ship Healthcare Holdings, Inc.

     600         15,433   

Showa Denko K.K.

     3,000         43,057   

Starts Corp., Inc.

     900         15,263   

Sumitomo Warehouse Co., Ltd. (The)

     9,000         47,687   

T-Gaia Corp.

     2,700         44,053   

Tadano Ltd.

     1,900         23,979   

Taiyo Holdings Co., Ltd.

     500         19,484   

Taiyo Yuden Co., Ltd.

     1,400         16,841   

TechnoPro Holdings, Inc.

     600         19,291   

Toagosei Co., Ltd.

     1,400         13,816   

Toda Corp.

     3,000         15,870   

Tokai Rika Co., Ltd.

     1,900         38,200   

Tokyu Construction Co., Ltd.

     1,500         12,115   

Topcon Corp.

     900         13,596   

Topre Corp.

     800         20,069   

Toridoll Holdings Corp.

     300         6,489   

Toshiba Plant Systems & Services Corp.

     1,000         13,204   

Toyo Ink SC Holdings Co., Ltd.

     6,000         27,522   

Toyo Tire & Rubber Co., Ltd.

     2,300         28,692   

Toyobo Co., Ltd.

     23,000         34,312   

Transcosmos, Inc.

     800         18,739   

TS Tech Co., Ltd.

     1,000         25,807   

Tsubakimoto Chain Co.

     2,000         16,290   

UACJ Corp.

     5,000         13,761   

Ulvac, Inc.

     200         6,139   

Wacoal Holdings Corp.

     3,000         35,058   

Yoshinoya Holdings Co., Ltd.(a)

     1,800         24,754   
     

 

 

 
Total Japan         3,173,417   
Malaysia – 0.5%   

AirAsia Bhd

     18,700         9,546   

Berjaya Sports Toto Bhd

     42,900         28,307   

Carlsberg Brewery Malaysia Bhd

     7,200         22,342   

KPJ Healthcare Bhd

     28,800         26,835   

Lafarge Malaysia Bhd

     17,100         27,407   

Top Glove Corp. Bhd

     12,000         14,311   

UMW Holdings Bhd

     4,500         4,584   
     

 

 

 
Total Malaysia         133,332   
Mexico – 0.1%   
Banregio Grupo Financiero S.A.B. de C.V.      4,554         25,525   
Netherlands – 0.7%   

Arcadis N.V.

     2,040         28,682   

BE Semiconductor Industries N.V.

     718         23,961   

Corbion N.V.

     1,082         29,022   

Flow Traders(b)

     1,103         38,084   

Refresco Group N.V.(b)

     1,690         25,722   

TKH Group N.V. CVA

     1,290         51,146   
     

 

 

 
Total Netherlands         196,617   
New Zealand – 1.4%   

Air New Zealand Ltd.

     26,398         40,404   

 

See Notes to Financial Statements.

 

74   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Chorus Ltd.

     16,181       $ 44,794   

Genesis Energy Ltd.

     71,446         104,620   

Infratil Ltd.

     29,717         56,985   

Kiwi Property Group Ltd.

     41,949         40,513   

Mainfreight Ltd.

     942         13,603   

Trade Me Group Ltd.

     17,485         61,083   
     

 

 

 
Total New Zealand         362,002   
Norway – 1.1%   

AF Gruppen ASA

     1,778         31,913   

Atea ASA*

     4,437         40,980   

Austevoll Seafood ASA

     10,870         105,762   

Kongsberg Gruppen ASA

     2,816         40,730   

Ocean Yield ASA

     5,534         41,789   

SpareBank 1 SR-Bank ASA

     5,452         38,478   
     

 

 

 
Total Norway         299,652   
Philippines – 0.2%   

Cebu Air, Inc.

     5,950         11,131   

Filinvest Land, Inc.

     196,000         6,032   

Manila Water Co., Inc.

     9,000         5,250   

Nickel Asia Corp.

     144,300         23,163   

Vista Land & Lifescapes, Inc.

     66,700         6,642   
     

 

 

 
Total Philippines         52,218   
Poland – 0.2%   

Asseco Poland S.A.

     2,474         31,980   

Eurocash S.A.

     1,675         15,786   
     

 

 

 
Total Poland         47,766   
Portugal – 0.6%   

Corticeira Amorim SGPS S.A.

     1,790         16,048   

CTT-Correios de Portugal S.A.

     3,000         20,394   

Semapa-Sociedade de Investimento e Gestao

     3,026         42,768   

Sonae, SGPS, S.A.

     97,003         89,422   
     

 

 

 
Total Portugal         168,632   
Russia – 0.2%   
LSR Group PJSC GDR Reg S      11,418         39,392   
Singapore – 0.8%   

GuocoLand Ltd.

     20,700         25,791   

Keppel Infrastructure Trust

     147,500         48,496   

M1 Ltd.(a)

     39,400         53,453   

United Engineers Ltd.

     11,900         21,087   

Venture Corp., Ltd.

     9,900         67,704   
     

 

 

 
Total Singapore         216,531   
South Africa – 0.7%   

African Rainbow Minerals Ltd.

     2,945         21,213   

Assore Ltd.

     1,895         32,831   

Barloworld Ltd.

     3,798         32,745   

Coronation Fund Managers Ltd.

     8,827         45,500   

Harmony Gold Mining Co., Ltd.

     6,849         15,791   

JSE Ltd.

     400         4,805   

Santam Ltd.

     1,737         29,723   
     

 

 

 
Total South Africa         182,608   
Investments    Shares      Value  
South Korea – 0.7%   

Bukwang Pharmaceutical Co., Ltd.

     463       $ 10,120   

Cheil Worldwide, Inc.

     875         11,410   

Grand Korea Leisure Co., Ltd.

     882         14,934   

KEPCO Engineering & Construction Co., Inc.

     612         11,983   

Korean Reinsurance Co.

     1,755         16,565   

LIG Nex1 Co., Ltd.

     117         7,798   

LOTTE Himart Co., Ltd.

     452         15,793   

LS Corp.

     189         9,279   

LS Industrial Systems Co., Ltd.

     711         23,400   

Meritz Securities Co., Ltd.

     7,631         21,861   

NongShim Co., Ltd.

     48         13,214   

Paradise Co., Ltd.

     941         9,466   

SKC Co., Ltd.

     471         12,869   

Tongyang Life Insurance Co., Ltd.

     1,316         13,838   
     

 

 

 
Total South Korea         192,530   
Spain – 0.0%   
Applus Services S.A.      544         5,537   
Sweden – 1.4%   

AddTech AB Class B

     1,664         26,101   

Betsson AB*

     4,096         39,632   

Bilia AB Class A

     1,549         35,721   

Com Hem Holding AB

     2,906         27,798   

Hemfosa Fastigheter AB

     3,770         35,274   

Kungsleden AB

     4,343         27,608   

Modern Times Group MTG AB Class B

     2,336         69,427   

Mycronic AB

     1,906         20,561   

Nobia AB

     4,390         41,003   

Ratos AB Class B

     2,300         10,922   

Wihlborgs Fastigheter AB

     1,754         32,707   
     

 

 

 
Total Sweden         366,754   
Switzerland – 0.5%   

EFG International AG*

     4,420         26,789   

GAM Holding AG*

     4,615         53,581   

Implenia AG Registered Shares

     241         17,844   

Valiant Holding AG Registered Shares

     307         30,629   
     

 

 

 
Total Switzerland         128,843   
Taiwan – 1.8%   

Chicony Electronics Co., Ltd.

     18,140         42,214   

China Airlines Ltd.

     137,000         39,533   

Eva Airways Corp.

     58,000         26,275   

Farglory Land Development Co., Ltd.

     11,000         12,611   

Highwealth Construction Corp.

     23,000         32,399   

King’s Town Bank Co., Ltd.

     36,000         31,444   

Makalot Industrial Co., Ltd.

     5,000         19,237   

Realtek Semiconductor Corp.

     18,000         56,967   

Ruentex Industries Ltd.

     36,000         59,983   

Synnex Technology International Corp.

     56,700         57,177   

Taiwan Secom Co., Ltd.

     18,000         49,483   

Teco Electric and Machinery Co., Ltd.

     36,000         31,165   

Transcend Information, Inc.

     9,000         23,792   
     

 

 

 
Total Taiwan         482,280   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      75   


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Thailand – 1.0%   

Bangchak Petroleum PCL (The) NVDR

     48,600       $ 45,464   

Banpu PCL NVDR

     117,057         62,761   

Jasmine International PCL

     18,800         4,147   

Jasmine International PCL NVDR

     120,900         26,671   

Kiatnakin Bank PCL NVDR

     11,700         19,276   

MK Restaurants Group PCL NVDR

     19,100         31,202   

Pruksa Holding PCL NVDR

     63,900         40,149   

Star Petroleum Refining PCL

     67,600         23,408   

TTW PCL NVDR

     80,100         23,934   
     

 

 

 
Total Thailand         277,012   
Turkey – 0.3%   

Soda Sanayii AS

     12,249         18,421   

TAV Havalimanlari Holding AS

     6,963         27,772   

Turk Traktor ve Ziraat Makineleri AS

     1,727         36,822   
     

 

 

 
Total Turkey         83,015   
United Kingdom – 5.6%   

Assura PLC

     26,397         18,592   

BCA Marketplace PLC

     18,393         42,386   

BGEO Group PLC

     294         10,840   

Bodycote PLC

     8,512         67,735   

Bovis Homes Group PLC

     4,163         42,181   

Card Factory PLC

     19,076         59,635   

Carillion PLC(a)

     23,255         67,843   

Computacenter PLC

     3,828         37,841   

Cranswick PLC

     667         19,311   

Crest Nicholson Holdings PLC

     8,449         47,293   

Debenhams PLC

     27,411         19,408   

Dignity PLC

     747         22,808   

Diploma PLC

     2,762         35,460   

Drax Group PLC

     11,212         52,355   

Elementis PLC

     15,636         53,595   

Essentra PLC

     6,405         36,485   

Fidessa Group PLC

     1,310         37,052   

Galliford Try PLC

     2,899         46,246   

Genus PLC

     955         21,194   

J D Wetherspoon PLC(a)

     2,249         24,677   

James Halstead PLC

     4,239         25,391   

JRP Group PLC

     12,900         23,830   

Kier Group PLC

     2,275         38,596   

Laird PLC

     5,000         9,453   

Millennium & Copthorne Hotels PLC

     2,828         16,088   

Mitchells & Butlers PLC

     8,379         25,977   

Morgan Advanced Materials PLC

     8,539         30,113   

Pagegroup PLC

     9,647         46,549   

PayPoint PLC

     1,493         18,559   

Pets at Home Group PLC

     13,628         40,246   

QinetiQ Group PLC

     11,496         37,331   

Restaurant Group PLC (The)

     6,565         26,324   

Safestore Holdings PLC

     4,894         21,165   

Savills PLC

     2,489         21,544   

Stagecoach Group PLC

     24,935         66,613   

SuperGroup PLC

     1,776         36,166   
Investments    Shares      Value  

Synthomer PLC

     7,181       $ 33,949   

Ted Baker PLC

     657         22,845   

Telecom Plus PLC

     2,015         29,280   

Ultra Electronics Holdings PLC

     1,239         29,716   

Unite Group PLC (The)

     3,340         25,010   

Vesuvius PLC

     9,211         44,991   

Victrex PLC

     1,562         37,270   

Zoopla Property Group PLC(b)

     2,437         9,615   
     

 

 

 
Total United Kingdom         1,479,558   
United States – 53.9%   

AAON, Inc.

     662         21,879   

AAR Corp.

     585         19,334   

Aaron’s, Inc.

     696         22,265   

Abaxis, Inc.

     343         18,100   

Abercrombie & Fitch Co. Class A

     6,437         77,244   

ADTRAN, Inc.

     2,233         49,908   

Advanced Drainage Systems, Inc.

     1,190         24,514   

Agree Realty Corp.

     1,263         58,161   

Albany International Corp. Class A

     958         44,355   

American Equity Investment Life Holding Co.

     1,337         30,136   

AMERISAFE, Inc.

     373         23,257   

Andersons, Inc. (The)

     1,036         46,309   

Apogee Enterprises, Inc.

     729         39,045   

Applied Industrial Technologies, Inc.

     1,961         116,483   

Archrock, Inc.

     5,734         75,689   

Artisan Partners Asset Management, Inc. Class A

     1,039         30,910   

Astec Industries, Inc.

     257         17,337   

Astoria Financial Corp.

     2,204         41,105   

AZZ, Inc.

     675         43,133   

Badger Meter, Inc.

     978         36,137   

BancFirst Corp.

     428         39,825   

Banner Corp.

     865         48,276   

Boston Private Financial Holdings, Inc.

     3,440         56,932   

Brady Corp. Class A

     3,131         117,569   

Brink’s Co. (The)

     1,278         52,718   

Brooks Automation, Inc.

     3,941         67,273   

Buckle, Inc. (The)(a)

     4,978         113,498   

Cabot Microelectronics Corp.

     358         22,615   

Calavo Growers, Inc.

     550         33,770   

Caleres, Inc.

     1,645         53,989   

California Water Service Group

     2,780         94,242   

CEB, Inc.

     2,170         131,502   

Chesapeake Utilities Corp.

     666         44,589   

Chico’s FAS, Inc.

     7,936         114,199   

Children’s Place, Inc. (The)

     458         46,235   

ClubCorp Holdings, Inc.

     3,219         46,193   

Coca-Cola Bottling Co. Consolidated

     124         22,177   

Cogent Communications Holdings, Inc.

     3,942         163,002   

Comfort Systems USA, Inc.

     916         30,503   

Commercial Metals Co.

     8,247         179,620   

CONMED Corp.

     1,227         54,197   

Consolidated Communications Holdings, Inc.

     6,902         185,319   

Core-Mark Holding Co., Inc.

     1,046         45,051   

CoreCivic, Inc.

     18,046         441,405   

 

See Notes to Financial Statements.

 

76   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

CSG Systems International, Inc.

     1,432       $ 69,309   

Cubic Corp.

     441         21,146   

CVR Energy, Inc.(a)

     19,688         499,878   

Dean Foods Co.

     2,265         49,332   

Delek U.S. Holdings, Inc.

     4,307         103,669   

DeVry Education Group, Inc.

     2,034         63,461   

DiamondRock Hospitality Co.

     14,649         168,903   

Diebold Nixdorf, Inc.

     6,882         173,082   

DineEquity, Inc.

     2,046         157,542   

DSW, Inc. Class A

     6,314         143,012   

Ebix, Inc.(a)

     828         47,237   

Empire District Electric Co. (The)

     3,868         131,860   

EnPro Industries, Inc.

     636         42,841   

Ensign Group, Inc. (The)

     1,109         24,631   

ESCO Technologies, Inc.

     612         34,670   

Exponent, Inc.

     787         47,456   

FBL Financial Group, Inc. Class A

     783         61,191   

Fidelity & Guaranty Life(a)

     1,586         37,588   

Financial Engines, Inc.

     1,030         37,853   

Finish Line, Inc. (The) Class A

     1,889         35,532   

First Financial Bancorp

     2,402         68,337   

First Merchants Corp.

     1,158         43,599   

First Midwest Bancorp, Inc.

     2,213         55,834   

Forward Air Corp.

     931         44,111   

Four Corners Property Trust, Inc.

     3,362         68,988   

Franklin Street Properties Corp.

     8,580         111,197   

G&K Services, Inc. Class A

     702         67,708   

Gannett Co., Inc.

     14,366         139,494   

GATX Corp.

     3,122         192,253   

Geo Group, Inc. (The)

     10,321         370,834   

Global Net Lease, Inc.(a)

     20,855         163,295   

Government Properties Income Trust

     8,387         159,898   

Green Plains, Inc.

     1,493         41,580   

Greenbrier Cos., Inc. (The)

     1,334         55,428   

Greif, Inc. Class A

     1,847         94,770   

Group 1 Automotive, Inc.

     761         59,312   

Guess?, Inc.

     11,467         138,751   

Heartland Express, Inc.

     973         19,810   

Herman Miller, Inc.

     2,837         97,025   

HNI Corp.

     2,499         139,744   

Horace Mann Educators Corp.

     1,450         62,060   

Independent Bank Corp.

     801         56,430   

Infinity Property & Casualty Corp.

     469         41,225   

Innospec, Inc.

     567         38,840   

Insperity, Inc.

     955         67,757   

Inter Parfums, Inc.

     1,315         43,066   

Kaman Corp.

     1,124         54,997   

KapStone Paper and Packaging Corp.

     4,062         89,567   

KB Home(a)

     1,753         27,715   

Knoll, Inc.

     3,067         85,661   

Korn/Ferry International

     2,289         67,365   

Kronos Worldwide, Inc.

     18,758         223,971   

La-Z-Boy, Inc.

     2,005         62,255   

LegacyTexas Financial Group, Inc.

     1,227         52,835   
Investments    Shares      Value  

ManTech International Corp. Class A

     1,031       $ 43,560   

MDC Holdings, Inc.

     4,573         117,343   

Metaldyne Performance Group, Inc.

     3,331         76,446   

Methode Electronics, Inc.

     732         30,268   

Mobile Mini, Inc.

     2,708         81,917   

Monmouth Real Estate Investment Corp. Class A

     4,349         66,279   

Monogram Residential Trust, Inc.

     6,882         74,463   

Mueller Industries, Inc.

     1,430         57,143   

National CineMedia, Inc.

     8,670         127,709   

National HealthCare Corp.

     882         66,847   

NBT Bancorp, Inc.

     1,646         68,934   

Neenah Paper, Inc.

     612         52,142   

Nelnet, Inc. Class A

     499         25,324   

New Senior Investment Group, Inc.

     11,289         110,519   

Nexstar Broadcasting Group, Inc. Class A

     997         63,110   

NIC, Inc.

     3,262         77,962   

Northwest Bancshares, Inc.

     5,077         91,538   

Northwest Natural Gas Co.

     1,880         112,424   

NRG Yield, Inc. Class C

     7,347         116,083   

Opus Bank

     746         22,417   

Otter Tail Corp.

     2,852         116,362   

Park National Corp.

     795         95,130   

Pennsylvania Real Estate Investment Trust

     3,740         70,910   

PH Glatfelter Co.

     2,083         49,763   

Plantronics, Inc.

     779         42,658   

Potlatch Corp.

     2,438         101,543   

Power Integrations, Inc.

     756         51,295   

Provident Financial Services, Inc.

     3,003         84,985   

Quad/Graphics, Inc.

     3,303         88,785   

Quaker Chemical Corp.

     387         49,513   

Ramco-Gershenson Properties Trust

     5,929         98,303   

Renasant Corp.

     1,384         58,432   

Rexford Industrial Realty, Inc.

     2,103         48,769   

RR Donnelley & Sons Co.

     19,104         311,777   

S&T Bancorp, Inc.

     1,301         50,791   

Sabra Health Care REIT, Inc.

     5,841         142,637   

Safety Insurance Group, Inc.

     861         63,456   

Saul Centers, Inc.

     882         58,750   

Scholastic Corp.

     1,209         57,415   

Schweitzer-Mauduit International, Inc.

     1,100         50,083   

Seritage Growth Properties Class A(a)

     840         35,876   

ServisFirst Bancshares, Inc.

     594         22,239   

Shenandoah Telecommunications Co.

     1,117         30,494   

SkyWest, Inc.

     998         36,377   

South State Corp.

     588         51,391   

SpartanNash Co.

     1,651         65,281   

STAG Industrial, Inc.

     5,334         127,323   

Standard Motor Products, Inc.

     591         31,453   

Standex International Corp.

     252         22,138   

State Auto Financial Corp.

     947         25,389   

Steelcase, Inc. Class A

     6,912         123,725   

Stepan Co.

     693         56,466   

Stewart Information Services Corp.

     804         37,048   

Sturm Ruger & Co., Inc.(a)

     1,140         60,078   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      77   


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Summit Hotel Properties, Inc.

     4,701       $ 75,357   

TeleTech Holdings, Inc.

     1,574         48,007   

Tennant Co.

     567         40,370   

TerraForm Power, Inc. Class A*

     4,267         54,660   

Terreno Realty Corp.

     2,000         56,980   

Tessera Holding Corp.

     2,186         96,621   

Time, Inc.

     12,714         226,945   

Tompkins Financial Corp.

     356         33,656   

Tootsie Roll Industries, Inc.(a)

     1,077         42,811   

Towne Bank

     1,477         49,110   

Triumph Group, Inc.

     811         21,492   

Trustmark Corp.

     3,010         107,307   

U.S. Ecology, Inc.

     828         40,696   

Union Bankshares Corp.

     1,726         61,687   

United Community Banks, Inc.

     1,136         33,648   

United Fire Group, Inc.

     900         44,253   

Universal Corp.

     1,878         119,723   

Waddell & Reed Financial, Inc. Class A

     11,253         219,546   

Watts Water Technologies, Inc. Class A

     738         48,118   

WD-40 Co.

     531         62,074   

Weis Markets, Inc.

     1,377         92,039   

Werner Enterprises, Inc.

     1,706         45,977   

WesBanco, Inc.

     1,658         71,393   

West Corp.

     7,192         178,074   

Westamerica Bancorporation(a)

     1,119         70,419   

Windstream Holdings, Inc.(a)

     13,956         102,297   

Xenia Hotels & Resorts, Inc.

     10,045         195,074   

Yadkin Financial Corp.

     846         28,984   
     

 

 

 
Total United States               14,262,286   

TOTAL COMMON STOCKS

(Cost: $22,757,135)

              26,460,463   
EXCHANGE-TRADED NOTE – 0.1%      
United States – 0.1%      
iPath MSCI India Index ETN*
(Cost: $24,585)
     405         25,353   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.7%   
United States – 5.7%      

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(c)

(Cost: $1,496,005)(d)

     1,496,005         1,496,005   

TOTAL INVESTMENTS IN SECURITIES – 105.8%

(Cost: $24,277,725)

        27,981,821   

Liabilities in Excess of Cash, Foreign Currency and Other Assets — (5.8)%

        (1,529,938
     

 

 

 
NET ASSETS – 100.0%             $ 26,451,883   
*  Non-income producing security.

 

(a)  Security, or portion thereof, was on loan at December 31, 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 December 31, 2016.

 

(d)  At December 31, 2016, the total market value of the Fund’s securities on loan was $1,567,996 and the total market value of the collateral held by the Fund was $1,664,287. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $168,282. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA — Certificaten Van Aandelen (Certificate of Stock)

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)
 

1/3/2017

     MYR         5,128         USD         1,143       $   

1/4/2017

     MYR         4,163         USD         928           

1/5/2017

     MYR         5,954         USD         1,327         (1
                                         $ (1

CURRENCY LEGEND

                               
MYR    Malaysian ringgit   
USD    U.S. dollar   

 

See Notes to Financial Statements.

 

78   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS—100.0%      
Brazil—3.0%      

Embraer S.A.

     13,771       $ 67,698   

Iochpe Maxion S.A.

     12,092         43,320   

JBS S.A.

     31,034         108,700   

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

     7,934         60,041   
     

 

 

 
Total Brazil               279,759   
Chile—0.5%      
Vina Concha y Toro S.A.      30,797         49,424   
China—3.2%      

Minth Group Ltd.

     30,000         93,446   

Semiconductor Manufacturing International Corp.*(a)

     64,900         101,956   

WH Group Ltd.(b)

     136,500         110,388   
     

 

 

 
Total China               305,790   
India—14.9%      

Aurobindo Pharma Ltd.

     4,997         49,278   

Bharat Forge Ltd.

     9,302         124,248   

Cadila Healthcare Ltd.

     26,206         137,710   

Dishman Pharmaceuticals & Chemicals Ltd.

     43,529         138,790   

Dr Reddy’s Laboratories Ltd. ADR

     1,401         63,437   

Glenmark Pharmaceuticals Ltd.

     8,321         108,926   

Granules India Ltd.

     33,345         53,086   

HCL Technologies Ltd.

     3,557         43,392   

Infosys Ltd. ADR

     4,210         62,434   

Lupin Ltd.

     5,238         114,758   

Mindtree Ltd.

     7,324         56,293   

Strides Shasun Ltd.

     1,485         23,241   

Sun Pharmaceutical Industries Ltd.

     8,263         76,701   

Suven Life Sciences Ltd.

     2,829         7,207   

TAKE Solutions Ltd.

     13,943         27,724   

Tata Consultancy Services Ltd.

     2,130         74,239   

Tata Elxsi Ltd.

     1,777         36,792   

Tata Global Beverages Ltd.

     48,782         87,688   

Tech Mahindra Ltd.

     5,996         43,192   

Wipro Ltd. ADR

     1,015         9,825   

Wockhardt Ltd.

     6,506         63,052   
     

 

 

 
Total India               1,402,013   
Malaysia—3.0%      

Genting Malaysia Bhd

     76,900         78,512   

MISC Bhd

     37,500         61,441   

Supermax Corp. Bhd

     156,800         73,751   

VS Industry Bhd

     209,900         65,974   
     

 

 

 
Total Malaysia               279,678   
Mexico—5.7%      

Alfa S.A.B. de C.V. Class A

     58,282         72,706   

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

     38,637         58,158   

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

     90,219         94,241   

Gruma S.A.B. de C.V. Class B

     10,056         128,424   

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

     24,550         56,020   
Investments      Shares         Value   

Grupo Comercial Chedraui S.A. de C.V.

     14,266       $ 25,705   

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

     12,931         53,195   

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

     56,824         51,083   
     

 

 

 
Total Mexico               539,532   
Philippines—1.0%      

International Container Terminal Services, Inc.

     36,850         53,334   

Jollibee Foods Corp.

     11,250         43,902   
     

 

 

 
Total Philippines               97,236   
Poland—0.6%      

CD Projekt S.A.*

     4,503         56,311   
Singapore—0.7%      
IGG, Inc.      96,000         64,634   
South Africa—0.6%      
DataTec Ltd.      14,565         52,700   
South Korea—27.7%      

AeroSpace Technology of Korea, Inc.*

     5,024         72,793   

Chabiotech Co., Ltd.*

     5,435         57,149   

Com2uS Corp.

     530         38,265   

Dongkuk Structures & Construction Co., Ltd.

     12,962         60,850   

Doosan Corp.

     1,225         106,495   

Doosan Infracore Co., Ltd.*

     10,378         75,786   

Gamevil, Inc.*

     458         18,467   

Genexine Co., Ltd.*

     1,184         42,300   

Hankook Tire Co., Ltd.

     3,148         151,171   

Hansae Co., Ltd.

     1,599         33,958   

Humax Co., Ltd.

     1,619         18,431   

Hyundai Corp.

     1,587         28,776   

Hyundai Glovis Co., Ltd.

     803         102,719   

Hyundai Merchant Marine Co., Ltd.*

     2,932         16,410   

Hyundai Motor Co.

     1,742         210,575   

i-SENS, Inc.

     2,553         62,145   

Kia Motors Corp.

     3,553         115,462   

Koh Young Technology, Inc.

     1,397         52,280   

Kumho Tire Co., Inc.*

     8,898         62,473   

LG Electronics, Inc.

     2,503         106,934   

LS Corp.

     1,764         86,608   

NCSoft Corp.

     339         69,467   

Nexen Tire Corp.

     5,491         59,102   

S&T Motiv Co., Ltd.

     1,091         44,126   

Samick Musical Instruments Co., Ltd.

     18,708         39,730   

Samsung Electronics Co., Ltd.

     471         702,717   

SK Hynix, Inc.

     3,401         125,869   

SL Corp.

     1,037         18,502   

Sung Kwang Bend Co., Ltd.

     5,162         37,867   
     

 

 

 
Total South Korea               2,617,427   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      79   


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Taiwan – 36.6%      

Accton Technology Corp.

     59,000       $ 93,180   

Adlink Technology, Inc.

     11,223         21,277   

Advanced Semiconductor Engineering, Inc.

     53,000         54,350   

Advantech Co., Ltd.

     7,000         55,276   

Aerospace Industrial Development Corp.

     31,000         36,743   

Alpha Networks, Inc.

     64,000         38,921   

Asia Optical Co., Inc.*

     42,000         39,747   

Asustek Computer, Inc.

     9,000         74,002   

Bizlink Holding, Inc.

     12,638         65,290   

Casetek Holdings Ltd.

     7,000         18,657   

Cheng Uei Precision Industry Co., Ltd.

     25,000         28,391   

Chin-Poon Industrial Co., Ltd.

     25,000         47,085   

China Airlines Ltd.

     320,000         92,339   

CMC Magnetics Corp.*

     127,000         13,752   

Compal Electronics, Inc.

     91,000         52,094   

Cub Elecparts, Inc.

     6,498         50,707   

CyberTAN Technology, Inc.

     69,000         41,320   

Delta Electronics, Inc.

     18,000         89,081   

Depo Auto Parts Ind Co., Ltd.

     8,000         21,273   

Eclat Textile Co., Ltd.

     8,022         84,006   

Eva Airways Corp.

     180,250         81,655   

Evergreen Marine Corp. Taiwan Ltd.*

     141,000         48,562   

Feng TAY Enterprise Co., Ltd.

     22,920         85,695   

Flytech Technology Co., Ltd.

     9,000         26,278   

General Interface Solution Holding Ltd.

     8,000         22,712   

Getac Technology Corp.

     58,000         68,476   

Global Unichip Corp.

     10,000         24,357   

Hon Hai Precision Industry Co., Ltd.

     71,700         187,320   

Hota Industrial Manufacturing Co., Ltd.

     18,000         69,813   

IEI Integration Corp.

     16,000         22,191   

Inventec Corp.

     47,000         32,229   

Johnson Health Tech Co., Ltd.

     9,000         12,971   

Kenda Rubber Industrial Co., Ltd.

     16,320         24,610   

King Slide Works Co., Ltd.

     6,000         77,632   

Lite-On Technology Corp.

     39,219         59,141   

Makalot Industrial Co., Ltd.

     8,419         32,392   

Micro-Star International Co., Ltd.

     24,000         54,808   

Nan Ya Printed Circuit Board Corp.

     28,000         21,415   

Orient Semiconductor Electronics Ltd.*

     47,000         16,552   

Pegatron Corp.

     24,000         57,340   

Pihsiang Machinery Manufacturing Co., Ltd.*

     8,000         15,564   

Posiflex Technology, Inc.

     4,239         23,280   

Pou Chen Corp.

     94,000         117,248   

Primax Electronics Ltd.

     46,000         62,943   

Qisda Corp.

     115,000         53,702   

Quanta Computer, Inc.

     27,000         50,517   

ScinoPharm Taiwan Ltd.

     63,560         76,223   

Sercomm Corp.

     17,000         40,668   

Siliconware Precision Industries Co., Ltd.

     35,000         51,964   

Taiwan Semiconductor Manufacturing Co., Ltd.

     76,000         428,000   

Tong Hsing Electronic Industries Ltd.

     12,000         40,957   

Tong Yang Industry Co., Ltd.

     84,000         165,503   

TYC Brother Industrial Co., Ltd.

     80,000         89,360   
Investments    Shares      Value  

Visual Photonics Epitaxy Co., Ltd.*

     15,750       $ 24,190   

Vivotek, Inc.

     17,664         46,038   

Wistron NeWeb Corp.

     11,360         30,419   

WUS Printed Circuit Co., Ltd.

     40,000         22,092   

Yang Ming Marine Transport Corp.*

     209,000         31,257   

Zeng Hsing Industrial Co., Ltd.

     4,000         19,920   

Zinwell Corp.

     20,000         20,758   
     

 

 

 
Total Taiwan               3,454,243   
Thailand – 2.2%      

Delta Electronics Thailand PCL NVDR

     14,000         31,862   

KCE Electronics PCL NVDR

     17,500         59,620   

Thai Union Group PCL NVDR

     92,100         54,009   

TTCL PCL NVDR

     108,600         59,136   
     

 

 

 
Total Thailand               204,627   
Turkey – 0.3%      

EGE Endustri VE Ticaret AS

     502         32,024   

TOTAL COMMON STOCKS

(Cost: $9,231,804)

              9,435,398   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%   
United States – 0.9%      

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(c)

(Cost: $87,516)(d)

     87,516         87,516   

TOTAL INVESTMENTS IN SECURITIES – 100.9%

(Cost: $9,319,320)

        9,522,914   

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

        (81,578
     

 

 

 
NET ASSETS – 100.0%             $ 9,441,336   
*  Non-income producing security.

 

(a) Security, or portion thereof, was on loan at December 31, 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 December 31, 2016.

 

(d) At December 31, 2016, the total market value of the Fund’s securities on loan was $83,324 and the total market value of the collateral held by the Fund was $87,516.

 

ADR - American Depositary Receipt

 

NVDR - Non-Voting Depositary Receipt

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

   Contracts
To Deliver
     In
Exchange For
     Unrealized
Gain (Loss)
 

1/3/2017

     TWD         48,029         USD         1,486       $ (5

 

CURRENCY LEGEND
TWD    New Taiwan dollar
USD    U.S. dollar

 

See Notes to Financial Statements.

 

80   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 1.6%      

Huntington Ingalls Industries, Inc.

     42       $ 7,736   

Northrop Grumman Corp.

     31         7,210   

Spirit AeroSystems Holdings, Inc. Class A

     119         6,944   
     

 

 

 
Total Aerospace & Defense               21,890   
Air Freight & Logistics – 0.5%      

C.H. Robinson Worldwide, Inc.

     98         7,179   
Airlines – 1.2%      

Alaska Air Group, Inc.

     86         7,631   

Southwest Airlines Co.

     163         8,124   
     

 

 

 
Total Airlines               15,755   
Banks – 9.5%      

Bank of America Corp.

     804         17,768   

BB&T Corp.

     154         7,241   

Citizens Financial Group, Inc.

     232         8,266   

Comerica, Inc.

     105         7,152   

Fifth Third Bancorp

     239         6,446   

First Republic Bank

     61         5,621   

Huntington Bancshares, Inc.

     419         5,539   

KeyCorp

     409         7,472   

M&T Bank Corp.

     42         6,570   

PNC Financial Services Group, Inc. (The)

     83         9,708   

Regions Financial Corp.

     648         9,305   

Signature Bank*

     26         3,905   

SunTrust Banks, Inc.

     156         8,557   

U.S. Bancorp

     177         9,092   

Wells Fargo & Co.

     309         17,029   
     

 

 

 
Total Banks               129,671   
Beverages – 1.1%      

Constellation Brands, Inc. Class A

     56         8,585   

Dr. Pepper Snapple Group, Inc.

     73         6,619   
     

 

 

 
Total Beverages               15,204   
Biotechnology – 1.1%      

Incyte Corp.*

     81         8,122   

United Therapeutics Corp.*

     43         6,167   
     

 

 

 
Total Biotechnology               14,289   
Building Products – 0.4%      

Fortune Brands Home & Security, Inc.

     95         5,079   
Capital Markets – 3.3%      

Ameriprise Financial, Inc.

     41         4,549   

CBOE Holdings, Inc.

     74         5,468   

Charles Schwab Corp. (The)

     232         9,157   

E*TRADE Financial Corp.*

     216         7,484   

Raymond James Financial, Inc.

     87         6,026   

SEI Investments Co.

     79         3,899   

T. Rowe Price Group, Inc.

     52         3,914   

TD Ameritrade Holding Corp.

     88         3,837   
     

 

 

 
Total Capital Markets               44,334   
Commercial Services & Supplies – 1.9%      

Cintas Corp.

     41       $ 4,738   

Republic Services, Inc.

     126         7,189   

Rollins, Inc.

     140         4,729   

Waste Management, Inc.

     121         8,580   
     

 

 

 
Total Commercial Services & Supplies               25,236   
Communications Equipment – 0.5%      

Harris Corp.

     71         7,275   
Consumer Finance – 1.7%      

Ally Financial, Inc.

     159         3,024   

Capital One Financial Corp.

     82         7,154   

Discover Financial Services

     75         5,407   

Synchrony Financial

     219         7,943   
     

 

 

 
Total Consumer Finance               23,528   
Distributors – 0.4%      

Genuine Parts Co.

     55         5,255   
Diversified Consumer Services – 0.6%      

H&R Block, Inc.

     173         3,977   

ServiceMaster Global Holdings, Inc.*

     125         4,709   
     

 

 

 
Total Diversified Consumer Services               8,686   
Diversified Financial Services – 1.5%      

Berkshire Hathaway, Inc. Class B*

     69         11,245   

Leucadia National Corp.

     216         5,022   

Voya Financial, Inc.

     103         4,040   
     

 

 

 
Total Diversified Financial Services               20,307   
Diversified Telecommunication Services – 4.1%      

AT&T, Inc.

     490         20,840   

CenturyLink, Inc.

     102         2,426   

Frontier Communications Corp.(a)

     927         3,133   

SBA Communications Corp. Class A*

     35         3,614   

Verizon Communications, Inc.

     343         18,309   

Zayo Group Holdings, Inc.*

     232         7,623   
     

 

 

 
Total Diversified Telecommunication Services               55,945   
Electric Utilities – 5.8%      

Alliant Energy Corp.

     116         4,395   

American Electric Power Co., Inc.

     86         5,415   

Avangrid, Inc.

     74         2,803   

Duke Energy Corp.

     91         7,063   

Edison International

     89         6,407   

Entergy Corp.

     42         3,086   

Eversource Energy

     89         4,915   

Exelon Corp.

     130         4,614   

FirstEnergy Corp.

     112         3,469   

NextEra Energy, Inc.

     63         7,526   

PG&E Corp.

     92         5,591   

Pinnacle West Capital Corp.

     73         5,696   

Southern Co. (The)

     146         7,182   

Westar Energy, Inc.

     72         4,057   

Xcel Energy, Inc.

     154         6,268   
     

 

 

 
Total Electric Utilities               78,487   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      81   


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Electrical Equipment – 0.6%      

Acuity Brands, Inc.

     19       $ 4,386   

Hubbell, Inc.

     33         3,851   
     

 

 

 
Total Electrical Equipment               8,237   
Electronic Equipment, Instruments & Components – 0.4%      

CDW Corp.

     115         5,990   
Equity Real Estate Investment Trusts (REITs) – 7.9%      

Alexandria Real Estate Equities, Inc.

     23         2,556   

American Campus Communities, Inc.

     69         3,434   

Apartment Investment & Management Co. Class A

     63         2,863   

AvalonBay Communities, Inc.

     20         3,543   

Boston Properties, Inc.

     20         2,516   

Brixmor Property Group, Inc.

     118         2,882   

Camden Property Trust

     38         3,195   

Crown Castle International Corp.

     60         5,206   

CubeSmart

     99         2,650   

DDR Corp.

     167         2,550   

Duke Realty Corp.

     127         3,373   

Equity LifeStyle Properties, Inc.

     28         2,019   

Equity Residential

     29         1,866   

Essex Property Trust, Inc.

     14         3,255   

Extra Space Storage, Inc.

     47         3,630   

Federal Realty Investment Trust

     20         2,842   

General Growth Properties, Inc.

     125         3,123   

HCP, Inc.

     56         1,664   

Host Hotels & Resorts, Inc.

     128         2,412   

Kilroy Realty Corp.

     36         2,636   

Kimco Realty Corp.

     112         2,818   

Macerich Co. (The)

     62         4,392   

Mid-America Apartment Communities, Inc.

     40         3,917   

National Retail Properties, Inc.

     61         2,696   

Omega Healthcare Investors, Inc.

     74         2,313   

Public Storage

     20         4,470   

Quality Care Properties, Inc.*

     8         124   

Realty Income Corp.

     54         3,104   

Regency Centers Corp.

     38         2,620   

Simon Property Group, Inc.

     26         4,619   

SL Green Realty Corp.

     23         2,474   

UDR, Inc.

     86         3,137   

Ventas, Inc.

     61         3,814   

VEREIT, Inc.

     301         2,546   

Vornado Realty Trust

     24         2,505   

Welltower, Inc.

     45         3,012   
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               106,776   
Food & Staples Retailing – 2.5%      

CVS Health Corp.

     105         8,285   

Kroger Co. (The)

     173         5,970   

Rite Aid Corp.*

     617         5,084   

Sysco Corp.

     156         8,638   

Whole Foods Market, Inc.

     206         6,337   
     

 

 

 
Total Food & Staples Retailing               34,314   
Investments    Shares      Value  
Food Products – 3.0%      

Conagra Brands, Inc.

     96       $ 3,797   

Hershey Co. (The)

     49         5,068   

Hormel Foods Corp.

     167         5,813   

J.M. Smucker Co. (The)

     35         4,482   

Lamb Weston Holdings, Inc.*

     28         1,060   

Pilgrim’s Pride Corp.

     127         2,412   

Pinnacle Foods, Inc.

     131         7,002   

Tyson Foods, Inc. Class A

     80         4,934   

WhiteWave Foods Co. (The)*

     113         6,283   
     

 

 

 
Total Food Products               40,851   
Gas Utilities – 0.3%      

Atmos Energy Corp.

     63         4,671   
Health Care Equipment & Supplies – 0.4%      

DexCom, Inc.*

     102         6,089   
Health Care Providers & Services – 7.8%      

Aetna, Inc.

     66         8,185   

AmerisourceBergen Corp.

     73         5,708   

Anthem, Inc.

     49         7,045   

Cardinal Health, Inc.

     75         5,398   

Centene Corp.*

     103         5,820   

Cigna Corp.

     45         6,002   

DaVita, Inc.*

     106         6,805   

Express Scripts Holding Co.*

     127         8,736   

HCA Holdings, Inc.*

     94         6,958   

Humana, Inc.

     33         6,733   

Laboratory Corp. of America Holdings*

     39         5,007   

MEDNAX, Inc.*

     99         6,599   

Quest Diagnostics, Inc.

     101         9,282   

UnitedHealth Group, Inc.

     89         14,244   

Universal Health Services, Inc. Class B

     37         3,936   
     

 

 

 
Total Health Care Providers & Services               106,458   
Health Care Technology – 0.7%      

athenahealth, Inc.*

     50         5,258   

Cerner Corp.*

     94         4,453   
     

 

 

 
Total Health Care Technology               9,711   
Hotels, Restaurants & Leisure – 1.8%      

Chipotle Mexican Grill, Inc.*

     13         4,905   

Darden Restaurants, Inc.

     94         6,836   

Domino’s Pizza, Inc.

     38         6,051   

Marriott International, Inc. Class A

     76         6,284   
     

 

 

 
Total Hotels, Restaurants & Leisure               24,076   
Household Durables – 1.3%      

D.R. Horton, Inc.

     166         4,537   

Lennar Corp. Class A

     93         3,993   

NVR, Inc.*

     4         6,676   

PulteGroup, Inc.

     151         2,775   
     

 

 

 
Total Household Durables               17,981   
Household Products – 0.8%      

Church & Dwight Co., Inc.

     94         4,154   

Clorox Co. (The)

     55         6,601   
     

 

 

 
Total Household Products               10,755   

 

See Notes to Financial Statements.

 

82   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Insurance – 4.5%      

Allstate Corp. (The)

     65       $ 4,818   

American Financial Group, Inc.

     41         3,613   

Cincinnati Financial Corp.

     49         3,712   

CNA Financial Corp.

     108         4,482   

FNF Group

     84         2,853   

Hartford Financial Services Group, Inc. (The)

     123         5,861   

Lincoln National Corp.

     105         6,958   

Loews Corp.

     71         3,325   

Principal Financial Group, Inc.

     75         4,339   

Progressive Corp. (The)

     112         3,976   

Torchmark Corp.

     68         5,016   

Travelers Cos., Inc. (The)

     40         4,897   

Unum Group

     110         4,832   

W.R. Berkley Corp.

     38         2,527   
     

 

 

 
Total Insurance               61,209   
Internet Software & Services – 0.3%      

CoStar Group, Inc.*

     24         4,524   
IT Services – 2.5%      

Automatic Data Processing, Inc.

     66         6,784   

Broadridge Financial Solutions, Inc.

     71         4,707   

Fiserv, Inc.*

     51         5,420   

Jack Henry & Associates, Inc.

     63         5,593   

Paychex, Inc.

     92         5,601   

Vantiv, Inc. Class A*

     95         5,664   
     

 

 

 
Total IT Services               33,769   
Media – 5.0%      

CBS Corp. Class B Non-Voting Shares

     135         8,589   

Charter Communications, Inc. Class A*

     55         15,836   

Comcast Corp. Class A

     247         17,055   

DISH Network Corp. Class A*

     134         7,763   

Liberty Media Corp – Liberty Braves Series C*

     8         165   

Liberty Media Corp – Liberty Media Series C*

     37         1,159   

Liberty Media Corp – Liberty SiriusXM Series C*

     151         5,122   

Scripps Networks Interactive, Inc. Class A

     55         3,925   

Sirius XM Holdings, Inc.(a)

     1,480         6,586   

TEGNA, Inc.

     113         2,417   
     

 

 

 
Total Media               68,617   
Multi-Utilities – 3.7%      

Ameren Corp.

     98         5,141   

CenterPoint Energy, Inc.

     155         3,819   

CMS Energy Corp.

     106         4,412   

Consolidated Edison, Inc.

     86         6,336   

Dominion Resources, Inc.

     86         6,587   

DTE Energy Co.

     51         5,024   

NiSource, Inc.

     220         4,871   

Public Service Enterprise Group, Inc.

     92         4,037   

SCANA Corp.

     65         4,763   

WEC Energy Group, Inc.

     90         5,279   
     

 

 

 
Total Multi-Utilities               50,269   
Investments    Shares      Value  
Multiline Retail – 3.0%      

Dollar General Corp.

     91       $ 6,740   

Dollar Tree, Inc.*

     97         7,487   

Kohl’s Corp.

     137         6,765   

Macy’s, Inc.

     163         5,837   

Nordstrom, Inc.

     119         5,704   

Target Corp.

     110         7,945   
     

 

 

 
Total Multiline Retail               40,478   
Professional Services – 0.5%      

Verisk Analytics, Inc.*

     89         7,224   
Road & Rail – 2.9%      

AMERCO

     19         7,022   

CSX Corp.

     160         5,749   

JB Hunt Transport Services, Inc.

     35         3,397   

Norfolk Southern Corp.

     66         7,133   

Old Dominion Freight Line, Inc.*

     53         4,547   

Union Pacific Corp.

     109         11,301   
     

 

 

 
Total Road & Rail               39,149   
Semiconductors & Semiconductor Equipment – 0.2%      

First Solar, Inc.*(a)

     75         2,407   
Software – 1.0%      

Intuit, Inc.

     75         8,596   

Workday, Inc. Class A*

     75         4,957   
     

 

 

 
Total Software               13,553   
Specialty Retail – 7.3%      

Advance Auto Parts, Inc.

     42         7,103   

AutoNation, Inc.*

     74         3,600   

AutoZone, Inc.*

     10         7,898   

Bed Bath & Beyond, Inc.

     102         4,145   

Best Buy Co., Inc.

     216         9,217   

CarMax, Inc.*

     65         4,185   

Home Depot, Inc. (The)

     126         16,894   

L Brands, Inc.

     88         5,794   

Lowe’s Cos., Inc.

     122         8,677   

O’Reilly Automotive, Inc.*

     26         7,239   

Ross Stores, Inc.

     148         9,709   

Tractor Supply Co.

     60         4,548   

Ulta Salon Cosmetics & Fragrance, Inc.*

     38         9,688   
     

 

 

 
Total Specialty Retail               98,697   
Textiles, Apparel & Luxury Goods – 0.9%      

Carter’s, Inc.

     62         5,356   

Hanesbrands, Inc.

     153         3,300   

Under Armour, Inc. Class A*(a)

     83         2,411   

Under Armour, Inc. Class C*

     28         705   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               11,772   
Thrifts & Mortgage Finance – 0.3%      

New York Community Bancorp, Inc.

     236         3,755   
Tobacco – 1.6%      

Altria Group, Inc.

     196         13,254   

Reynolds American, Inc.

     155         8,686   
     

 

 

 
Total Tobacco               21,940   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      83   


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
         
Trading Companies & Distributors – 0.9%      

Fastenal Co.

     87       $ 4,087   

HD Supply Holdings, Inc.*

     176         7,482   
     

 

 

 
Total Trading Companies & Distributors               11,569   
Water Utilities – 0.6%      

American Water Works Co., Inc.

     65         4,704   

Aqua America, Inc.

     106         3,184   
     

 

 

 
Total Water Utilities               7,888   
Wireless Telecommunication Services – 2.0%      

Sprint Corp.*(a)

     1,785         15,030   

T-Mobile U.S., Inc.*

     201         11,559   
     

 

 

 
Total Wireless Telecommunication Services               26,589   

TOTAL COMMON STOCKS

(Cost: $1,226,167)

              1,357,438   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%   
United States – 0.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(b)

(Cost: $7,315)(c)

     7,315         7,315   

TOTAL INVESTMENTS IN SECURITIES – 100.4%

(Cost: $1,233,482)

        1,364,753   

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

        (5,847
     

 

 

 
NET ASSETS – 100.0%             $ 1,358,906   

 

*  Non-income producing security.

 

(a)  Security, or portion thereof, was on loan at December 31, 2016 (See Note 2).

 

(b)  Rate shown represents annualized 7-day yield as of December 31, 2016.

 

(c)  At December 31, 2016, the total market value of the Fund’s securities on loan was $25,466 and the total market value of the collateral held by the Fund was $26,682. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $19,367.

 

See Notes to Financial Statements.

 

84   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%  
United States – 99.9%  
Aerospace & Defense – 1.7%  

Arconic, Inc.

     251      $ 4,654  

Boeing Co. (The)

     60        9,341  

United Technologies Corp.

     75        8,221  
     

 

 

 
Total Aerospace & Defense        22,216  
Air Freight & Logistics – 0.4%  

Expeditors International of Washington, Inc.

     98        5,190  
Airlines – 0.5%  

United Continental Holdings, Inc.*

     94        6,851  
Auto Components – 1.7%  

BorgWarner, Inc.

     209        8,243  

Goodyear Tire & Rubber Co. (The)

     180        5,557  

Lear Corp.

     61        8,074  
     

 

 

 
Total Auto Components        21,874  
Automobiles – 0.8%  

Ford Motor Co.

     600        7,278  

Tesla Motors, Inc.*(a)

     17        3,633  
     

 

 

 
Total Automobiles        10,911  
Banks – 1.1%  

CIT Group, Inc.

     97        4,140  

Citigroup, Inc.

     173        10,281  
     

 

 

 
Total Banks        14,421  
Beverages – 2.7%  

Brown-Forman Corp. Class B

     135        6,064  

Coca-Cola Co. (The)

     290        12,024  

Molson Coors Brewing Co. Class B

     46        4,476  

PepsiCo, Inc.

     119        12,451  
     

 

 

 
Total Beverages        35,015  
Biotechnology – 2.0%  

AbbVie, Inc.

     122        7,640  

Alexion Pharmaceuticals, Inc.*

     30        3,671  

BioMarin Pharmaceutical, Inc.*

     39        3,231  

Celgene Corp.*

     70        8,102  

OPKO Health, Inc.*(a)

     431        4,008  
     

 

 

 
Total Biotechnology        26,652  
Capital Markets – 3.9%  

BlackRock, Inc.

     22        8,372  

Franklin Resources, Inc.

     160        6,333  

Goldman Sachs Group, Inc. (The)

     37        8,860  

Intercontinental Exchange, Inc.

     80        4,514  

Moody’s Corp.

     51        4,808  

Morgan Stanley

     202        8,534  

MSCI, Inc.

     57        4,490  

S&P Global, Inc.

     52        5,592  
     

 

 

 
Total Capital Markets        51,503  
Chemicals – 7.9%  

AdvanSix, Inc.*

     3        66  

Air Products & Chemicals, Inc.

     56        8,054  
Investments    Shares      Value  

Albemarle Corp.

     110      $ 9,469  

Ashland Global Holdings, Inc.

     37        4,044  

Celanese Corp. Series A

     66        5,197  

Dow Chemical Co. (The)

     176        10,071  

E.I. du Pont de Nemours & Co.

     82        6,019  

Eastman Chemical Co.

     81        6,092  

Ecolab, Inc.

     75        8,791  

FMC Corp.

     154        8,710  

International Flavors & Fragrances, Inc.

     35        4,124  

Monsanto Co.

     74        7,785  

Mosaic Co. (The)

     220        6,453  

PPG Industries, Inc.

     38        3,601  

Praxair, Inc.

     69        8,086  

Valspar Corp. (The)

     74        7,667  
     

 

 

 
Total Chemicals        104,229  
Communications Equipment – 1.8%  

Cisco Systems, Inc.

     313        9,459  

F5 Networks, Inc.*

     45        6,512  

Juniper Networks, Inc.

     137        3,872  

Motorola Solutions, Inc.

     43        3,564  
     

 

 

 
Total Communications Equipment        23,407  
Construction & Engineering – 0.5%  

Fluor Corp.

     120        6,302  
Containers & Packaging – 1.8%  

Avery Dennison Corp.

     72        5,056  

Ball Corp.

     82        6,156  

Crown Holdings, Inc.*

     148        7,780  

Sealed Air Corp.

     110        4,987  
     

 

 

 
Total Containers & Packaging        23,979  
Electrical Equipment – 1.6%  

AMETEK, Inc.

     97        4,714  

Emerson Electric Co.

     136        7,582  

Rockwell Automation, Inc.

     67        9,005  
     

 

 

 
Total Electrical Equipment        21,301  
Electronic Equipment, Instruments & Components – 2.2%  

Amphenol Corp. Class A

     96        6,451  

Arrow Electronics, Inc.*

     91        6,489  

Avnet, Inc.

     120        5,713  

Corning, Inc.

     249        6,043  

Trimble, Inc.*

     158        4,764  
     

 

 

 
Total Electronic Equipment, Instruments & Components        29,460  
Energy Equipment & Services – 2.2%  

Baker Hughes, Inc.

     142        9,226  

FMC Technologies, Inc.*

     180        6,395  

Halliburton Co.

     149        8,059  

National Oilwell Varco, Inc.

     124        4,643  
     

 

 

 
Total Energy Equipment & Services        28,323  
Equity Real Estate Investment Trusts (REITs) – 0.3%  

Equinix, Inc.

     11        3,932  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      85  


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Food Products – 2.3%  

Archer-Daniels-Midland Co.

     189      $ 8,628  

Ingredion, Inc.

     46        5,748  

McCormick & Co., Inc. Non-Voting Shares

     48        4,480  

Mead Johnson Nutrition Co.

     58        4,104  

Mondelez International, Inc. Class A

     163        7,226  
     

 

 

 
Total Food Products        30,186  
Health Care Equipment & Supplies – 4.8%  

Abbott Laboratories

     166        6,376  

Baxter International, Inc.

     100        4,434  

Becton, Dickinson and Co.

     30        4,966  

Boston Scientific Corp.*

     261        5,645  

Cooper Cos., Inc. (The)

     20        3,499  

Danaher Corp.

     67        5,215  

DENTSPLY SIRONA, Inc.

     96        5,542  

Edwards Lifesciences Corp.*

     47        4,404  

ResMed, Inc.

     52        3,227  

St. Jude Medical, Inc.

     77        6,175  

Teleflex, Inc.

     32        5,157  

Varian Medical Systems, Inc.*

     46        4,130  

Zimmer Biomet Holdings, Inc.

     39        4,025  
     

 

 

 
Total Health Care Equipment & Supplies        62,795  
Hotels, Restaurants & Leisure – 1.9%  

ILG, Inc.

     27        491  

Las Vegas Sands Corp.

     105        5,608  

McDonald’s Corp.

     58        7,060  

Wynn Resorts Ltd.

     63        5,450  

Yum China Holdings, Inc.*

     67        1,750  

Yum! Brands, Inc.

     67        4,243  
     

 

 

 
Total Hotels, Restaurants & Leisure        24,602  
Household Durables – 1.2%  

Harman International Industries, Inc.

     70        7,781  

Whirlpool Corp.

     44        7,998  
     

 

 

 
Total Household Durables        15,779  
Household Products – 2.2%  

Colgate-Palmolive Co.

     119        7,788  

Kimberly-Clark Corp.

     60        6,847  

Procter & Gamble Co. (The)

     163        13,705  
     

 

 

 
Total Household Products        28,340  
Independent Power & Renewable Electricity Producers – 0.6%  

AES Corp.

     665        7,727  
Industrial Conglomerates – 2.5%  

3M Co.

     57        10,178  

General Electric Co.

     446        14,094  

Honeywell International, Inc.

     78        9,036  
     

 

 

 
Total Industrial Conglomerates        33,308  
Insurance – 1.5%  

Aflac, Inc.

     96        6,682  

Marsh & McLennan Cos., Inc.

     117        7,908  

Reinsurance Group of America, Inc.

     36        4,530  
     

 

 

 
Total Insurance        19,120  
Investments    Shares      Value  
Internet & Catalog Retail – 1.2%  

Expedia, Inc.

     46      $ 5,211  

Priceline Group, Inc. (The)*

     5        7,330  

TripAdvisor, Inc.*

     72        3,339  
     

 

 

 
Total Internet & Catalog Retail        15,880  
Internet Software & Services – 1.9%  

Alphabet, Inc. Class A*

     13        10,302  

eBay, Inc.*

     136        4,038  

Facebook, Inc. Class A*

     96        11,044  
     

 

 

 
Total Internet Software & Services        25,384  
IT Services – 3.7%  

Gartner, Inc.*

     52        5,256  

Global Payments, Inc.

     77        5,345  

International Business Machines Corp.

     68        11,287  

MasterCard, Inc. Class A

     73        7,537  

PayPal Holdings, Inc.*

     103        4,065  

Sabre Corp.

     114        2,844  

Visa, Inc. Class A

     99        7,724  

Western Union Co. (The)

     218        4,735  
     

 

 

 
Total IT Services        48,793  
Leisure Products – 0.6%  

Hasbro, Inc.

     44        3,423  

Mattel, Inc.

     162        4,463  
     

 

 

 
Total Leisure Products        7,886  
Life Sciences Tools & Services – 2.6%  

Agilent Technologies, Inc.

     116        5,285  

Illumina, Inc.*

     21        2,689  

Mettler-Toledo International, Inc.*

     11        4,604  

PerkinElmer, Inc.

     78        4,068  

Quintiles IMS Holdings, Inc.*

     103        7,833  

Thermo Fisher Scientific, Inc.

     41        5,785  

Waters Corp.*

     29        3,897  
     

 

 

 
Total Life Sciences Tools & Services        34,161  
Machinery – 7.0%  

Caterpillar, Inc.

     117        10,851  

Cummins, Inc.

     43        5,877  

Deere & Co.

     50        5,152  

Flowserve Corp.

     156        7,496  

Fortive Corp.

     32        1,716  

IDEX Corp.

     94        8,466  

Illinois Tool Works, Inc.

     68        8,327  

PACCAR, Inc.

     108        6,901  

Parker-Hannifin Corp.

     64        8,960  

Stanley Black & Decker, Inc.

     57        6,537  

WABCO Holdings, Inc.*

     63        6,687  

Wabtec Corp.

     85        7,057  

Xylem, Inc.

     172        8,517  
     

 

 

 
Total Machinery        92,544  
Media – 1.3%  

Discovery Communications, Inc. Class C*

     123        3,294  

Interpublic Group of Cos., Inc. (The)

     269        6,297  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  

Omnicom Group, Inc.

     93      $ 7,915  
     

 

 

 
Total Media        17,506  
Metals & Mining – 1.7%  

Alcoa Corp.

     83        2,330  

Freeport-McMoRan, Inc.*

     793        10,460  

Newmont Mining Corp.

     282        9,608  
     

 

 

 
Total Metals & Mining        22,398  
Oil, Gas & Consumable Fuels – 4.6%  

Apache Corp.

     101        6,411  

Chevron Corp.

     126        14,830  

ConocoPhillips

     136        6,819  

Exxon Mobil Corp.

     218        19,677  

Hess Corp.

     91        5,668  

Spectra Energy Corp.

     180        7,396  
     

 

 

 
Total Oil, Gas & Consumable Fuels        60,801  
Personal Products – 0.4%  

Estee Lauder Cos., Inc. (The) Class A

     63        4,819  
Pharmaceuticals – 4.4%  

Bristol-Myers Squibb Co.

     116        6,779  

Eli Lilly & Co.

     89        6,546  

Johnson & Johnson

     151        17,397  

Merck & Co., Inc.

     196        11,539  

Pfizer, Inc.

     334        10,848  

Zoetis, Inc.

     91        4,871  
     

 

 

 
Total Pharmaceuticals        57,980  
Professional Services – 0.5%  

ManpowerGroup, Inc.

     77        6,843  
Real Estate Management & Development – 0.5%      

CBRE Group, Inc. Class A*

     203        6,392  
Road & Rail – 0.3%  

Kansas City Southern

     40        3,394  
Semiconductors & Semiconductor Equipment – 7.2%     

Analog Devices, Inc.

     63        4,575  

Applied Materials, Inc.

     236        7,616  

Intel Corp.

     248        8,995  

KLA-Tencor Corp.

     48        3,777  

Lam Research Corp.

     46        4,863  

Linear Technology Corp.

     100        6,235  

Maxim Integrated Products, Inc.

     119        4,590  

Microchip Technology, Inc.(a)

     100        6,415  

Micron Technology, Inc.*

     317        6,949  

NVIDIA Corp.

     97        10,354  

Qorvo, Inc.*

     49        2,584  

QUALCOMM, Inc.

     160        10,432  

Skyworks Solutions, Inc.

     41        3,061  

Texas Instruments, Inc.

     87        6,348  

Versum Materials, Inc.*

     28        786  

Xilinx, Inc.

     112        6,761  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               94,341  
Investments   Shares     Value  
Software – 6.0%  

Activision Blizzard, Inc.

    103     $ 3,719  

Adobe Systems, Inc.*

    46       4,736  

ANSYS, Inc.*

    59       5,457  

Autodesk, Inc.*

    69       5,107  

Cadence Design Systems, Inc.*

    142       3,581  

Citrix Systems, Inc.*

    58       5,180  

Dell Technologies, Inc. Class V*

    33       1,814  

Electronic Arts, Inc.*

    51       4,017  

Microsoft Corp.

    310       19,263  

Oracle Corp.

    210       8,074  

Red Hat, Inc.*

    51       3,555  

Symantec Corp.

    227       5,423  

Synopsys, Inc.*

    66       3,885  

VMware, Inc. Class A*(a)

    63       4,960  
   

 

 

 
Total Software       78,771  
Specialty Retail – 0.3%  

Tiffany & Co.

    49       3,794  
Technology Hardware, Storage & Peripherals – 3.7%    

Apple, Inc.

    203       23,512  

HP, Inc.

    513       7,613  

NetApp, Inc.

    235       8,288  

Western Digital Corp.

    125       8,494  
   

 

 

 
Total Technology Hardware, Storage & Peripherals       47,907  
Textiles, Apparel & Luxury Goods – 1.0%  

Coach, Inc.

    93       3,257  

NIKE, Inc. Class B

    101       5,134  

PVH Corp.

    48       4,331  
   

 

 

 
Total Textiles, Apparel & Luxury Goods       12,722  
Tobacco – 0.9%  

Philip Morris International, Inc.

    129       11,802  

TOTAL COMMON STOCKS

(Cost: $1,217,502)

 

 

    1,311,541  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7%  
United States – 0.7%  

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(b)

(Cost: $9,572)(c)

    9,572       9,572  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $1,227,074)

      1,321,113  

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

 

    (8,057
   

 

 

 
NET ASSETS – 100.0%     $ 1,313,056  
*  Non-income producing security.

 

(a)  Security, or portion thereof, was on loan at December 31, 2016 (See Note 2).

 

(b)  Rate shown represents annualized 7-day yield as of December 31, 2016.

 

(c)  At December 31, 2016, the total market value of the Fund’s securities on loan was $16,987 and the total market value of the collateral held by the Fund was $17,389. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,817.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      87  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2016

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.6%      
United States – 98.6%      

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

   $ 44,000       $ 47,552   

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

     63,000         63,691   

Abbott Laboratories

     

2.00%, 3/15/20

     74,000         73,282   

5.30%, 5/27/40

     35,000         37,562   

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

     69,000         68,398   

American International Group, Inc.

     

3.30%, 3/1/21

     35,000         35,884   

4.50%, 7/16/44

     43,000         42,567   

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

     61,000         64,714   

Apple, Inc.

     

2.25%, 2/23/21

     24,000         23,994   

3.85%, 5/4/43

     69,000         66,142   

AT&T, Inc.
4.50%, 3/9/48

     117,000         105,551   

Bank of America Corp.

     

4.13%, 1/22/24

     62,000         64,532   

4.45%, 3/3/26

     47,000         48,526   

5.00%, 1/21/44

     71,000         78,050   

BB&T Corp.
5.25%, 11/1/19

     45,000         48,651   

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

     71,000         73,560   

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

     125,000         125,314   

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

     73,000         91,446   

Block Financial LLC
5.50%, 11/1/22

     46,000         48,516   

Celgene Corp.
2.88%, 8/15/20

     74,000         74,912   

Chevron Corp.
2.36%, 12/5/22

     124,000         121,789   

Citigroup, Inc.

     

2.05%, 12/7/18

     91,000         91,033   

5.50%, 9/13/25

     134,000         147,524   

Comcast Corp.
4.65%, 7/15/42

     46,000         48,000   

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

     60,000         64,723   

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

     147,000         155,488   

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

     88,000         86,570   

EMC Corp.
1.88%, 6/1/18

     64,000         63,312   

EPR Properties
5.75%, 8/15/22

     33,000         35,570   

Express Scripts Holding Co.
3.40%, 3/1/27

     36,000         33,800   

Hartford Financial Services Group, Inc. (The)
6.10%, 10/1/41

   $ 51,000       $ 60,052   

HSBC USA, Inc.

     

1.63%, 1/16/18

     114,000         113,818   

5.00%, 9/27/20

     100,000         106,292   

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

     64,000         64,169   

JPMorgan Chase & Co.
5.63%, 8/16/43

     51,000         58,738   

Kroger Co. (The)
2.30%, 1/15/19

     24,000         24,160   

Marriott International, Inc.
3.00%, 3/1/19

     57,000         58,024   

McKesson Corp.
3.80%, 3/15/24

     113,000         116,643   

Morgan Stanley
4.88%, 11/1/22

     148,000         158,819   

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

     30,000         28,130   

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

     84,000         85,760   

NVR, Inc.
3.95%, 9/15/22

     18,000         18,367   

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

     68,000         72,275   

Oracle Corp.
4.30%, 7/8/34

     71,000         73,546   

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

     68,000         85,343   

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

     124,000         125,193   

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

     104,000         109,637   

Santander Holdings USA, Inc.
2.65%, 4/17/20

     81,000         80,344   

Shire Acquisitions Investments Ireland DAC
3.20%, 9/23/26

     40,000         37,450   

State Street Corp.
4.96%, 3/15/18

     47,000         48,571   

Synchrony Financial
2.70%, 2/3/20

     110,000         109,754   

Thermo Fisher Scientific, Inc.
3.00%, 4/15/23

     86,000         84,646   

Time Warner, Inc.

     

4.88%, 3/15/20

     76,000         81,188   

3.60%, 7/15/25

     157,000         156,405   

Tyson Foods, Inc.

     

2.65%, 8/15/19

     36,000         36,365   

3.95%, 8/15/24

     89,000         90,817   

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

     35,000         37,551   

Verizon Communications, Inc.

     

4.15%, 3/15/24

     100,000         104,656   

4.40%, 11/1/34

     156,000         154,441   

Wachovia Corp.
5.75%, 2/1/18

     150,000         156,414   

 

See Notes to Financial Statements.

 

88   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2016

 

  

 

 

Investments    Principal
Amount
     Value  

Wal-Mart Stores, Inc.
6.20%, 4/15/38

   $     61,000       $ 80,568   

Walgreens Boots Alliance, Inc.
2.60%, 6/1/21

     23,000         22,879   

Xylem, Inc.
4.38%, 11/1/46

     38,000         37,587   

TOTAL INVESTMENTS IN SECURITIES – 98.6%

(Cost: $4,915,533)

        4,809,255   

Cash and Other Assets in Excess of Liabilities – 1.4%

  

     69,130   
     

 

 

 
NET ASSETS – 100.0%       $ 4,878,385   
(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 Semi-Annual Report December 31, 2016      89   


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2016

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.0%      
United States – 98.0%      

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

   $ 124,000       $ 119,040   

AECOM
5.75%, 10/15/22

     63,000         66,906   

Ashland LLC
4.75%, 8/15/22

     89,000         92,671   

Berry Plastics Corp.
5.13%, 7/15/23

     100,000         102,250   

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

     138,000         145,935   

Calpine Corp.
5.75%, 1/15/25

     113,000         109,610   

CCO Holdings LLC
5.25%, 3/15/21

     134,000         138,088   

Centene Corp.
5.63%, 2/15/21

     146,000         153,869   

CenturyLink, Inc.

     

5.80%, 3/15/22, Series T

     73,000         74,889   

6.75%, 12/1/23, Series W

     143,000         146,754   

Chesapeake Energy Corp.
8.00%, 12/15/22(a)

     75,000         81,188   

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

     65,000         69,225   

Community Health Systems, Inc.

     

5.13%, 8/15/18

     151,000         147,995   

7.13%, 7/15/20

     78,000         59,693   

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

     59,000         61,249   

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

     125,000         131,094   

DISH DBS Corp.

     

7.88%, 9/1/19

     105,000         116,812   

5.00%, 3/15/23

     76,000         75,810   

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

     100,000         102,500   

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

     146,000         155,855   

Freeport-McMoRan, Inc.
5.40%, 11/14/34

     100,000         84,500   

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

     146,000         124,282   

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

     147,000         150,859   

Hilton Worldwide Finance LLC
5.63%, 10/15/21

     100,000         103,307   

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

     96,000         100,560   

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

     62,000         66,185   

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

     76,000         71,345   

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

     72,000         74,430   

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

   $ 136,000       $ 153,340   

MGM Resorts International
7.75%, 3/15/22

     137,000         157,892   

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

     98,000         98,858   

Navient Corp.
6.13%, 3/25/24

     122,000         119,102   

Nexstar Escrow Corp.
5.63%, 8/1/24(a)

     100,000         99,500   

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

     120,000         122,700   

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

     69,000         72,191   

PBF Holding Co. LLC
7.00%, 11/15/23(a)

     75,000         75,000   

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

     83,000         84,038   

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

     105,000         109,988   

Prime Security Services Borrower LLC
9.25%, 5/15/23(a)

     100,000         109,125   

Regal Entertainment Group
5.75%, 3/15/22

     105,000         110,250   

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

     75,000         78,837   

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

     106,000         106,000   

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

     60,000         63,525   

T-Mobile USA, Inc.

     

6.00%, 3/1/23

     89,000         94,229   

6.63%, 4/1/23

     69,000         73,313   

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

     69,000         72,795   

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

     76,000         89,870   

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

     120,000         142,200   

Windstream Services LLC
7.75%, 10/1/21

     110,000         113,630   

TOTAL INVESTMENTS IN SECURITIES – 98.0%

(Cost: $4,930,947)

        5,073,284   

Cash and Other Assets in Excess of Liabilities – 2.0%

        101,268   
     

 

 

 
NET ASSETS – 100.0%             $ 5,174,552   
(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.

 

90   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2016

 

  

 

 

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

Abbott Laboratories
2.00%, 3/15/20

   $ 60,000       $ 59,418   

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

     83,000         97,995   

American Express Credit Corp.
2.38%, 3/24/17

     114,000         114,290   

American Honda Finance Corp.
2.45%, 9/24/20

     49,000         49,279   

American International Group, Inc.

     

3.38%, 8/15/20

     48,000         49,424   

3.30%, 3/1/21

     86,000         88,172   

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

     63,000         62,985   

AT&T, Inc.

     

5.50%, 2/1/18

     149,000         154,850   

2.30%, 3/11/19

     59,000         59,258   

Bank of America Corp.

     

6.88%, 4/25/18

     96,000         102,072   

7.63%, 6/1/19

     115,000         129,299   

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

     114,000         111,960   

BB&T Corp.
5.25%, 11/1/19

     46,000         49,732   

Celgene Corp.
2.30%, 8/15/18

     73,000         73,475   

Chevron Corp.

     

1.35%, 11/15/17

     79,000         79,104   

1.96%, 3/3/20

     71,000         70,796   

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

     62,000         62,837   

Citigroup, Inc.

     

1.75%, 5/1/18

     107,000         106,807   

2.05%, 12/7/18

     61,000         61,022   

2.65%, 10/26/20

     72,000         72,116   

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

     75,000         73,375   

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

     120,000         121,853   

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

     79,000         83,742   

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

     94,000         99,912   

EMC Corp.
1.88%, 6/1/18

     86,000         85,076   

Exxon Mobil Corp.
1.82%, 3/15/19

     62,000         62,121   

Fidelity National Information Services, Inc.
3.63%, 10/15/20

     69,000         71,495   

General Mills, Inc.
5.65%, 2/15/19

     67,000         72,071   

Hartford Financial Services Group, Inc. (The)
5.50%, 3/30/20

     25,000         27,319   

HP, Inc.
4.30%, 6/1/21

     36,000         37,715   

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

     161,000         160,743   

JPMorgan Chase & Co.

     

1.70%, 3/1/18, Series H

   $ 93,000       $ 93,007   

2.75%, 6/23/20

     69,000         69,658   

4.40%, 7/22/20

     71,000         75,454   

Kraft Heinz Foods Co.
6.13%, 8/23/18

     81,000         86,378   

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

     155,000         156,451   

McDonald’s Corp.
5.35%, 3/1/18

     47,000         48,994   

McKesson Corp.
2.28%, 3/15/19

     115,000         115,492   

Medco Health Solutions, Inc.
7.13%, 3/15/18

     49,000         51,902   

Mondelez International Holdings Netherlands B.V.
2.00%, 10/28/21(a)

     19,000         18,223   

Morgan Stanley

     

2.13%, 4/25/18

     148,000         148,637   

5.50%, 7/28/21

     73,000         80,976   

NextEra Energy Capital Holdings, Inc.
1.65%, 9/1/18

     150,000         149,590   

Reynolds American, Inc.
2.30%, 6/12/18

     98,000         98,656   

Santander Holdings USA, Inc.
2.70%, 5/24/19

     39,000         38,993   

Stryker Corp.
1.30%, 4/1/18

     144,000         143,439   

SunTrust Banks, Inc.
2.35%, 11/1/18

     98,000         98,910   

Synchrony Financial
2.70%, 2/3/20

     95,000         94,788   

Time Warner, Inc.
4.88%, 3/15/20

     46,000         49,140   

Toyota Motor Credit Corp.
2.10%, 1/17/19

     39,000         39,226   

United Parcel Service, Inc.
3.13%, 1/15/21

     95,000         98,242   

UnitedHealth Group, Inc.
1.90%, 7/16/18

     79,000         79,369   

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

     135,000         144,589   

Viacom, Inc.
2.25%, 2/4/22

     50,000         47,043   

Wachovia Corp.
5.75%, 6/15/17

     102,000         103,949   

Walgreens Boots Alliance, Inc.
2.70%, 11/18/19

     97,000         98,352   

Wells Fargo & Co.
1.40%, 9/8/17

     132,000         131,858   

TOTAL INVESTMENTS IN SECURITIES – 99.0%

(Cost: $4,948,984)

        4,911,629   

Cash and Other Assets in Excess of Liabilities – 1.0%

        51,868   
     

 

 

 
NET ASSETS – 100.0%             $ 4,963,497   
(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 Semi-Annual Report December 31, 2016      91   


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2016

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 96.5%      
United States – 96.5%      

ACCO Brands Corp.
6.75%, 4/30/20

   $    101,000       $ 106,302   

AES Corp.
7.38%, 7/1/21

     100,000         111,890   

Ashland LLC
3.88%, 4/15/18

     62,000         63,860   

Cablevision Systems Corp.

     

8.63%, 9/15/17

     41,000         42,691   

8.00%, 4/15/20

     69,000         75,900   

Calumet Specialty Products Partners L.P.
6.50%, 4/15/21

     75,000         63,938   

Case New Holland Industrial, Inc.
7.88%, 12/1/17

     37,000         39,035   

Centene Corp.
5.63%, 2/15/21

     143,000         150,708   

CenturyLink, Inc.
5.63%, 4/1/20, Series V

     97,000         102,941   

Cenveo Corp.
6.00%, 8/1/19(a)

     59,000         52,953   

Clear Channel Worldwide Holdings, Inc.
7.63%, 3/15/20, Series B

     23,000         23,072   

Cliffs Natural Resources, Inc.
8.25%, 3/31/20(a)

     120,000         132,000   

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

     153,000         154,147   

Community Health Systems, Inc.

     

5.13%, 8/15/18

     103,000         100,950   

8.00%, 11/15/19

     65,000         54,275   

7.13%, 7/15/20

     77,000         58,928   

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

     114,000         118,346   

CSC Holdings LLC
8.63%, 2/15/19

     50,000         55,375   

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

     154,000         153,615   

DISH DBS Corp.

     

4.25%, 4/1/18

     126,000         129,512   

7.88%, 9/1/19

     77,000         85,663   

Freeport-McMoRan, Inc.
3.10%, 3/15/20

     175,000         171,500   

Frontier Communications Corp.

     

8.50%, 4/15/20

     62,000         65,333   

8.88%, 9/15/20

     142,000         151,762   

GLP Capital L.P.
4.38%, 11/1/18

     139,000         144,517   

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

     134,000         146,395   

Hilton Worldwide Finance LLC
5.63%, 10/15/21

     100,000         103,307   

HRG Group, Inc.
7.88%, 7/15/19

     140,000         146,037   

Huntsman International LLC
4.88%, 11/15/20

     92,000         95,795   

Iron Mountain, Inc.
6.00%, 10/1/20(a)

   $ 43,000       $ 45,473   

KCG Holdings, Inc.
6.88%, 3/15/20(a)

     100,000         100,500   

L Brands, Inc.
7.00%, 5/1/20

     100,000         113,000   

MGM Resorts International

     

8.63%, 2/1/19

     69,000         77,884   

6.75%, 10/1/20

     112,000         124,880   

Michaels Stores, Inc.
5.88%, 12/15/20(a)

     122,000         125,812   

Nationstar Mortgage LLC
6.50%, 8/1/18

     154,000         156,695   

Navient Corp.

     

4.88%, 6/17/19

     47,000         48,763   

8.00%, 3/25/20

     145,000         161,225   

Nielsen Finance LLC
4.50%, 10/1/20

     33,000         33,619   

Nuance Communications, Inc.
5.38%, 8/15/20(a)

     43,000         44,263   

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

     73,000         76,376   

Pride International, Inc.
6.88%, 8/15/20

     100,000         107,250   

RR Donnelley & Sons Co.
7.88%, 3/15/21

     75,000         77,625   

Six Flags Entertainment Corp.
5.25%, 1/15/21(a)

     85,000         86,934   

Springleaf Finance Corp.
5.25%, 12/15/19

     96,000         96,960   

T-Mobile USA, Inc.
6.54%, 4/28/20

     145,000         149,531   

TransDigm, Inc.
5.50%, 10/15/20

     148,000         151,792   

Vector Group Ltd.
7.75%, 2/15/21

     79,000         82,555   

Western Refining, Inc.
6.25%, 4/1/21

     75,000         78,000   

Windstream Services LLC
7.75%, 10/15/20

     100,000         103,300   

TOTAL INVESTMENTS IN SECURITIES – 96.5%

(Cost: $4,864,197)

        4,943,184   

Cash and Other Assets in Excess of Liabilities – 3.5%

  

     177,362   
     

 

 

 
NET ASSETS – 100.0%             $ 5,120,546   
(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.

 

92   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 101.3%      
United States – 101.3%      
Aerospace & Defense – 2.0%      

Boeing Co. (The)

     161       $ 25,065   

Lockheed Martin Corp.

     193         48,238   
     

 

 

 
Total Aerospace & Defense               73,303   
Air Freight & Logistics – 2.8%      

C.H. Robinson Worldwide, Inc.

     1,039         76,117   

United Parcel Service, Inc. Class B

     247         28,316   
     

 

 

 
Total Air Freight & Logistics               104,433   
Airlines – 4.6%      

Alaska Air Group, Inc.

     359         31,854   

Allegiant Travel Co.

     681         113,318   

Delta Air Lines, Inc.

     514         25,284   
     

 

 

 
Total Airlines               170,456   
Automobiles – 0.7%      

Ford Motor Co.

     2,153         26,116   
Banks – 1.0%      

Fifth Third Bancorp

     1,400         37,758   
Biotechnology – 1.0%      

Amgen, Inc.

     113         16,522   

Gilead Sciences, Inc.

     265         18,976   
     

 

 

 
Total Biotechnology               35,498   
Capital Markets – 1.0%      

BGC Partners, Inc. Class A

     3,826         39,140   
Chemicals – 1.0%      

Eastman Chemical Co.

     474         35,650   
Communications Equipment – 3.5%      

Arista Networks, Inc.*

     384         37,160   

InterDigital, Inc.

     375         34,256   

Juniper Networks, Inc.

     1,279         36,144   

Ubiquiti Networks, Inc.*

     407         23,525   
     

 

 

 
Total Communications Equipment               131,085   
Consumer Finance – 1.6%      

Navient Corp.

     2,014         33,090   

Santander Consumer USA Holdings, Inc.*

     1,979         26,717   
     

 

 

 
Total Consumer Finance               59,807   
Containers & Packaging – 0.9%      

Graphic Packaging Holding Co.

     2,835         35,381   
Diversified Consumer Services – 1.7%      

H&R Block, Inc.

     2,773         63,751   
Diversified Telecommunication Services – 2.8%      

AT&T, Inc.

     1,466         62,349   

CenturyLink, Inc.

     328         7,800   

Verizon Communications, Inc.

     643         34,323   
     

 

 

 
Total Diversified Telecommunication Services               104,472   
Electric Utilities – 0.8%      

PPL Corp.

     912         31,054   
Electrical Equipment – 0.8%      

Rockwell Automation, Inc.

     211         28,358   
Electronic Equipment, Instruments & Components – 0.6%      

Universal Display Corp.*(a)

     427       $ 24,040   
Energy Equipment & Services – 1.9%      

Diamond Offshore Drilling, Inc.

     1,744         30,869   

Oceaneering International, Inc.

     1,458         41,130   
     

 

 

 
Total Energy Equipment & Services               71,999   
Equity Real Estate Investment Trusts (REITs) – 9.4%      

Camden Property Trust

     973         81,800   

Equity Residential

     1,793         115,398   

Forest City Realty Trust, Inc. Class A

     1,316         27,425   

Highwoods Properties, Inc.

     877         44,736   

Lamar Advertising Co. Class A

     621         41,756   

Sunstone Hotel Investors, Inc.

     2,612         39,833   
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               350,948   
Food Products – 3.2%      

Hershey Co. (The)

     558         57,714   

Hormel Foods Corp.

     754         26,246   

Lancaster Colony Corp.

     164         23,188   

Mead Johnson Nutrition Co.

     159         11,251   
     

 

 

 
Total Food Products               118,399   
Health Care Equipment & Supplies – 0.6%      

Baxter International, Inc.

     537         23,811   
Health Care Providers & Services – 10.0%      

Aetna, Inc.

     331         41,047   

HCA Holdings, Inc.*

     967         71,577   

HealthSouth Corp.

     1,595         65,778   

Laboratory Corp. of America Holdings*

     168         21,568   

MEDNAX, Inc.*

     1,199         79,926   

Patterson Cos., Inc.

     511         20,966   

Quest Diagnostics, Inc.

     344         31,614   

Universal Health Services, Inc. Class B

     185         19,680   

VCA, Inc.*

     306         21,007   
     

 

 

 
Total Health Care Providers & Services               373,163   
Hotels, Restaurants & Leisure – 5.9%      

Cracker Barrel Old Country Store, Inc.(a)

     587         98,017   

McDonald’s Corp.

     731         88,978   

Wyndham Worldwide Corp.

     419         31,999   
     

 

 

 
Total Hotels, Restaurants & Leisure               218,994   
Household Durables – 1.5%      

Leggett & Platt, Inc.

     868         42,428   

Tupperware Brands Corp.

     248         13,050   
     

 

 

 
Total Household Durables               55,478   
Household Products – 3.4%      

Clorox Co. (The)

     622         74,653   

Colgate-Palmolive Co.

     398         26,045   

Kimberly-Clark Corp.

     217         24,764   
     

 

 

 
Total Household Products               125,462   
Independent Power & Renewable Electricity Producers – 0.9%      

NRG Yield, Inc. Class C

     2,173         34,333   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      93   


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Insurance – 2.4%      

AmTrust Financial Services, Inc.

     901       $ 24,669   

Prudential Financial, Inc.

     316         32,883   

Unum Group

     713         31,322   
     

 

 

 
Total Insurance               88,874   
Internet & Catalog Retail – 0.6%      

HSN, Inc.

     662         22,707   
Internet Software & Services – 2.8%      

Alphabet, Inc. Class A*

     45         35,660   

Facebook, Inc. Class A*

     585         67,304   
     

 

 

 
Total Internet Software & Services               102,964   
IT Services – 3.8%      

EPAM Systems, Inc.*

     386         24,824   

Paychex, Inc.

     572         34,823   

Sabre Corp.

     1,092         27,246   

Syntel, Inc.

     1,552         30,714   

Western Union Co. (The)

     1,199         26,042   
     

 

 

 
Total IT Services               143,649   
Leisure Products – 0.7%      

Polaris Industries, Inc.(a)

     331         27,271   
Media – 2.2%      

Omnicom Group, Inc.

     454         38,640   

Scripps Networks Interactive, Inc. Class A

     404         28,833   

Viacom, Inc. Class B

     406         14,251   
     

 

 

 
Total Media               81,724   
Multi-Utilities – 1.2%      

Public Service Enterprise Group, Inc.

     1,043         45,767   
Multiline Retail – 0.9%      

Nordstrom, Inc.(a)

     677         32,449   
Oil, Gas & Consumable Fuels – 5.7%      

Marathon Petroleum Corp.

     605         30,462   

ONEOK, Inc.

     786         45,124   

Tesoro Corp.

     340         29,733   

Valero Energy Corp.

     786         53,699   

Western Refining, Inc.

     1,383         52,347   
     

 

 

 
Total Oil, Gas & Consumable Fuels               211,365   
Pharmaceuticals – 0.3%      

Akorn, Inc.*

     464         10,129   
Professional Services – 2.5%      

Robert Half International, Inc.

     576         28,097   

Verisk Analytics, Inc.*

     790         64,125   
     

 

 

 
Total Professional Services               92,222   
Real Estate Management & Development – 0.7%      

Howard Hughes Corp. (The)*

     238         27,156   
Semiconductors & Semiconductor Equipment – 3.7%      

Integrated Device Technology, Inc.*

     737         17,364   

KLA-Tencor Corp.

     334         26,279   

Lam Research Corp.

     252         26,644   

NVIDIA Corp.

     376         40,134   

Skyworks Solutions, Inc.

     391         29,192   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               139,613   
Investments    Shares      Value  
Software – 5.6%      

Adobe Systems, Inc.*

     311       $ 32,018   

CA, Inc.

     2,072         65,827   

Intuit, Inc.

     299         34,268   

Paycom Software, Inc.*

     603         27,431   

Symantec Corp.

     2,134         50,981   
     

 

 

 
Total Software               210,525   
Specialty Retail – 0.6%      

American Eagle Outfitters, Inc.

     1,438         21,814   
Thrifts & Mortgage Finance – 0.8%      

MGIC Investment Corp.*

     2,855         29,092   
Tobacco – 1.5%      

Altria Group, Inc.

     499         33,742   

Philip Morris International, Inc.

     230         21,043   
     

 

 

 
Total Tobacco               54,785   
Trading Companies & Distributors – 1.7%      

Air Lease Corp.

     775         26,606   

Fastenal Co.

     776         36,456   
     

 

 

 
Total Trading Companies & Distributors               63,062   

TOTAL COMMON STOCKS

(Cost: $3,653,626)

              3,778,057   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.0%   
United States – 3.0%      

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(b)

(Cost: $112,104)(c)

     112,104         112,104   

TOTAL INVESTMENTS IN SECURITIES – 104.3%

(Cost: $3,765,730)

        3,890,161   

Liabilities in Excess of Cash and Other Assets – (4.3)%

  

     (158,720
     

 

 

 
NET ASSETS – 100.0%             $ 3,731,441   
*  Non-income producing security.

 

(a)  Security, or portion thereof, was on loan at December 31, 2016 (See Note 2).

 

(b)  Rate shown represents annualized 7-day yield as of December 31, 2016.

 

(c)  At December 31, 2016, the total market value of the Fund’s securities on loan was $163,108 and the total market value of the collateral held by the Fund was $166,584. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $54,480.

 

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
Depreciation
 

Bank of America Merrill Lynch

    11/2/17      $ 1,438,887       
 
1-Month LIBOR
plus 0.10
  
    S&P 500 Index      $ (32,089

Morgan Stanley & Co.

    11/2/17        1,434,704       
 
1-Month LIBOR
plus 0.10
  
    S&P 500 Index        (32,007
      $ (64,096
LIBOR – London Interbank Offered Rate   

 

See Notes to Financial Statements.

 

94   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
United States – 99.8%      
Aerospace & Defense – 2.0%      

Boeing Co. (The)

     1,299       $ 202,228   

Lockheed Martin Corp.

     1,535         383,658   
     

 

 

 
Total Aerospace & Defense               585,886   
Air Freight & Logistics – 2.9%      

C.H. Robinson Worldwide, Inc.

     8,570         627,838   

United Parcel Service, Inc. Class B

     2,137         244,986   
     

 

 

 
Total Air Freight & Logistics               872,824   
Airlines – 4.5%      

Alaska Air Group, Inc.

     2,828         250,929   

Allegiant Travel Co.

     5,411         900,390   

Delta Air Lines, Inc.

     3,843         189,037   
     

 

 

 
Total Airlines               1,340,356   
Automobiles – 0.7%      

Ford Motor Co.

     17,635         213,912   
Banks – 0.9%      

Fifth Third Bancorp

     10,410         280,758   
Biotechnology – 1.0%      

Amgen, Inc.

     861         125,887   

Gilead Sciences, Inc.

     2,365         169,357   
     

 

 

 
Total Biotechnology               295,244   
Capital Markets – 1.0%      

BGC Partners, Inc. Class A

     28,610         292,680   
Chemicals – 0.9%      

Eastman Chemical Co.

     3,556         267,447   
Communications Equipment – 3.5%      

Arista Networks, Inc.*

     3,055         295,632   

InterDigital, Inc.

     2,987         272,863   

Juniper Networks, Inc.

     10,274         290,343   

Ubiquiti Networks, Inc.*

     3,270         189,006   
     

 

 

 
Total Communications Equipment               1,047,844   
Consumer Finance – 1.6%      

Navient Corp.

     14,308         235,080   

Santander Consumer USA Holdings, Inc.*

     17,437         235,400   
     

 

 

 
Total Consumer Finance               470,480   
Containers & Packaging – 1.0%      

Graphic Packaging Holding Co.

     23,586         294,353   
Diversified Consumer Services – 1.7%      

H&R Block, Inc.

     22,610         519,804   
Diversified Telecommunication Services – 2.8%      

AT&T, Inc.

     11,607         493,646   

CenturyLink, Inc.

     2,526         60,068   

Verizon Communications, Inc.

     5,489         293,003   
     

 

 

 
Total Diversified Telecommunication Services               846,717   
Electric Utilities – 0.8%      

PPL Corp.

     7,224         245,977   
Electrical Equipment – 0.7%      

Rockwell Automation, Inc.

     1,594         214,234   
Investments    Shares      Value  
Electronic Equipment, Instruments & Components – 0.6%      

Universal Display Corp.*(a)

     3,061       $ 172,334   
Energy Equipment & Services – 1.8%      

Diamond Offshore Drilling, Inc.

     13,954         246,986   

Oceaneering International, Inc.

     10,869         306,614   
     

 

 

 
Total Energy Equipment & Services               553,600   
Equity Real Estate Investment Trusts (REITs) – 9.3%      

Camden Property Trust

     8,109         681,723   

Equity Residential

     13,855         891,708   

Forest City Realty Trust, Inc. Class A

     10,547         219,799   

Highwoods Properties, Inc.

     6,975         355,795   

Lamar Advertising Co. Class A

     4,871         327,526   

Sunstone Hotel Investors, Inc.

     20,755         316,514   
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               2,793,065   
Food Products – 3.2%      

Hershey Co. (The)

     4,435         458,712   

Hormel Foods Corp.

     6,367         221,635   

Lancaster Colony Corp.

     1,328         187,766   

Mead Johnson Nutrition Co.

     1,259         89,087   
     

 

 

 
Total Food Products               957,200   
Health Care Equipment & Supplies – 0.7%      

Baxter International, Inc.

     4,693         208,088   
Health Care Providers & Services – 9.8%      

Aetna, Inc.

     2,636         326,890   

HCA Holdings, Inc.*

     7,342         543,455   

HealthSouth Corp.

     12,681         522,965   

Laboratory Corp. of America Holdings*

     1,362         174,854   

MEDNAX, Inc.*

     9,526         635,003   

Patterson Cos., Inc.

     4,031         165,392   

Quest Diagnostics, Inc.

     2,746         252,357   

Universal Health Services, Inc. Class B

     1,471         156,485   

VCA, Inc.*

     2,400         164,760   
     

 

 

 
Total Health Care Providers & Services               2,942,161   
Hotels, Restaurants & Leisure – 5.8%      

Cracker Barrel Old Country Store, Inc.(a)

     4,670         779,797   

McDonald’s Corp.

     5,906         718,878   

Wyndham Worldwide Corp.

     3,342         255,228   
     

 

 

 
Total Hotels, Restaurants & Leisure               1,753,903   
Household Durables – 1.5%      

Leggett & Platt, Inc.

     6,904         337,468   

Tupperware Brands Corp.

     2,065         108,660   
     

 

 

 
Total Household Durables               446,128   
Household Products – 3.3%      

Clorox Co. (The)

     4,727         567,335   

Colgate-Palmolive Co.

     3,121         204,238   

Kimberly-Clark Corp.

     1,986         226,642   
     

 

 

 
Total Household Products               998,215   
Independent Power & Renewable Electricity Producers – 0.9%   

NRG Yield, Inc. Class C

     17,985         284,163   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      95   


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2016

 

  

 

 

Investments    Shares      Value  
Insurance – 2.5%      

AmTrust Financial Services, Inc.

     7,242       $ 198,286   

Prudential Financial, Inc.

     2,655         276,279   

Unum Group

     6,171         271,092   
     

 

 

 
Total Insurance               745,657   
Internet & Catalog Retail – 0.6%      

HSN, Inc.

     5,266         180,624   
Internet Software & Services – 2.7%      

Alphabet, Inc. Class A*

     367         290,829   

Facebook, Inc. Class A*

     4,597         528,885   
     

 

 

 
Total Internet Software & Services               819,714   
IT Services – 3.8%      

EPAM Systems, Inc.*

     3,067         197,239   

Paychex, Inc.

     4,589         279,378   

Sabre Corp.

     8,673         216,392   

Syntel, Inc.

     12,313         243,674   

Western Union Co. (The)

     9,617         208,881   
     

 

 

 
Total IT Services               1,145,564   
Leisure Products – 0.7%      

Polaris Industries, Inc.(a)

     2,513         207,046   
Media – 2.2%      

Omnicom Group, Inc.

     3,612         307,417   

Scripps Networks Interactive, Inc. Class A

     3,218         229,669   

Viacom, Inc. Class B

     3,229         113,338   
     

 

 

 
Total Media               650,424   
Multi-Utilities – 1.2%      

Public Service Enterprise Group, Inc.

     8,470         371,664   
Multiline Retail – 0.8%      

Nordstrom, Inc.(a)

     4,833         231,646   
Oil, Gas & Consumable Fuels – 5.6%      

Marathon Petroleum Corp.

     4,615         232,365   

ONEOK, Inc.

     6,243         358,411   

Tesoro Corp.

     2,703         236,377   

Valero Energy Corp.

     6,450         440,664   

Western Refining, Inc.

     10,998         416,274   
     

 

 

 
Total Oil, Gas & Consumable Fuels               1,684,091   
Pharmaceuticals – 0.3%      

Akorn, Inc.*

     3,719         81,186   
Professional Services – 2.4%      

Robert Half International, Inc.

     4,515         220,241   

Verisk Analytics, Inc.*

     6,281         509,829   
     

 

 

 
Total Professional Services               730,070   
Real Estate Management & Development – 0.7%      

Howard Hughes Corp. (The)*

     1,767         201,615   
Semiconductors & Semiconductor Equipment – 3.7%      

Integrated Device Technology, Inc.*

     5,000         117,800   

KLA-Tencor Corp.

     2,307         181,515   

Lam Research Corp.

     2,097         221,716   

NVIDIA Corp.

     2,968         316,804   

Skyworks Solutions, Inc.

     3,503         261,534   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               1,099,369   
Investments    Shares      Value  
Software – 5.6%      

Adobe Systems, Inc.*

     2,397       $ 246,771   

CA, Inc.

     16,469         523,220   

Intuit, Inc.

     2,557         293,058   

Paycom Software, Inc.*

     4,684         213,075   

Symantec Corp.

     17,291         413,082   
     

 

 

 
Total Software               1,689,206   
Specialty Retail – 0.5%      

American Eagle Outfitters, Inc.

     10,416         158,011   
Thrifts & Mortgage Finance – 0.7%      

MGIC Investment Corp.*

     21,077         214,775   
Tobacco – 1.4%      

Altria Group, Inc.

     3,815         257,970   

Philip Morris International, Inc.

     1,854         169,623   
     

 

 

 
Total Tobacco               427,593   
Trading Companies & Distributors – 1.5%      

Air Lease Corp.

     5,329         182,945   

Fastenal Co.

     5,984         281,128   
     

 

 

 
Total Trading Companies & Distributors               464,073   

TOTAL COMMON STOCKS

(Cost: $28,666,306)

              29,999,701   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.0%   
United States – 3.0%      

State Street Navigator Securities Lending Government Money Market Portfolio, 0.50%(b)

(Cost: $894,600)(c)

     894,600         894,600   

TOTAL INVESTMENTS IN SECURITIES – 102.8%

(Cost: $29,560,906)

        30,894,301   

Liabilities in Excess of Cash and Other Assets – (2.8)%

  

     (833,045
     

 

 

 
NET ASSETS – 100.0%             $ 30,061,256   
*  Non-income producing security.

 

(a)  Security, or portion thereof, was on loan at December 31, 2016 (See Note 2).

 

(b)  Rate shown represents annualized 7-day yield as of December 31, 2016.

 

(c)  At December 31, 2016, the total market value of the Fund’s securities on loan was $1,058,445 and the total market value of the collateral held by the Fund was $1,082,517. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $187,917.

 

See Notes to Financial Statements.

 

96   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

December 31, 2016

 

  

 

 

     

WisdomTree
Dynamic
Currency

Hedged Europe

Equity Fund

    

WisdomTree

Dynamic

Currency

Hedged

International

Equity Fund

     WisdomTree
Dynamic
Currency
Hedged
International
Quality
Dividend
Growth Fund
    

WisdomTree
Dynamic
Currency

Hedged
International
SmallCap

Equity Fund

    

WisdomTree
Dynamic
Currency

Hedged
Japan Equity
Fund

 

ASSETS:

              

Investments, at cost

   $ 4,812,124       $ 297,665,848       $       $ 1,280,543       $ 4,767,697   

Investment in affiliates, at cost (Note 3)

                     2,044,935                   

Foreign currency, at cost

     7,371         218,514         29         490         821   

Investments in securities, at value1 (Note 2)

     5,254,250         302,802,448                 1,382,084         5,280,876   

Investment in affiliates, at value (Note 3)

                     2,029,432                   

Cash

     170         165,640                 218         3,135   

Foreign currency, at value

     7,479         218,364         29         493         828   

Unrealized appreciation on foreign currency contracts

     30,895         2,590,921         14,772         13,978         107,060   

Receivables:

              

Investment securities sold

             501                           

Dividends and interest

     2,561         330,916         5,329         1,664         8,443   

Foreign tax reclaims

     2,778         80,286                 12         1,714   

Total Assets

     5,298,133         306,189,076         2,049,562         1,398,449         5,402,056   

LIABILITIES:

              

Due to custodian

                     3,717                   

Unrealized depreciation on foreign currency contracts

     486         213,620         1,492         920         590   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     17,196         2,996,925                 29,639         100,704   

Investment securities purchased

     45,036         2,161,218         12,449         12,188         85,108   

Advisory fees (Note 3)

     1,870         88,594         170         490         1,925   

Service fees (Note 2)

     18         1,113         8         6         21   

Capital gains distribution

             215,877                           

Total Liabilities

     64,606         5,677,347         17,836         43,243         188,348   

NET ASSETS

   $ 5,233,527       $ 300,511,729       $ 2,031,726       $ 1,355,206       $ 5,213,708   

NET ASSETS:

              

Paid-in capital

   $ 4,636,302       $ 287,774,891       $ 1,990,977       $ 1,175,593       $ 4,695,993   

Undistributed net investment income/(Accumulated net investment loss)

     337         1,178,798                 3,401         (13,966

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

     124,421         4,051,851         42,972         61,624         (87,785

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

     472,467         7,506,189         (2,223      114,588         619,466   

NET ASSETS

   $ 5,233,527       $ 300,511,729       $ 2,031,726       $ 1,355,206       $ 5,213,708   

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

     200,004         11,350,004         100,005         50,004         200,004   

Net asset value per share

   $ 26.17       $ 26.48       $ 20.32       $ 27.10       $ 26.07   

1     Includes market value of securities out on loan of:

   $ 39,540       $ 3,414,959               $ 40,626       $ 95,892   

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      97   


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

December 31, 2016

 

  

 

 

      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
 

ASSETS:

              

Investments, at cost

   $ 5,228,246       $ 3,735,996       $       $ 24,277,725       $ 9,319,320   

Investment in affiliates, at cost (Note 3)

                     19,103,358                   

Foreign currency, at cost

     2,891         325         483         3,622         4,902   

Investments in securities, at value1 (Note 2)

     5,341,434         3,609,239                 27,981,821         9,522,914   

Investment in affiliates, at value (Note 3)

                     23,950,667                   

Cash

     257         1,865                 14,821         3,902   

Foreign currency, at value

     2,885         328         477         3,619         4,889   

Unrealized appreciation on foreign currency contracts

                     138,438                   

Receivables:

              

Investment securities sold

     514                         47,402           

Dividends and interest

     6,623         1,556         171,743         40,909         1,857   

Foreign tax reclaims

     217         1,117                 2,818           

Total Assets

     5,351,930         3,614,105         24,261,325         28,091,390         9,533,562   

LIABILITIES:

              

Due to custodian

                     156,023                   

Unrealized depreciation on foreign currency contracts

                     24,504         1         5   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     16,010         97,673                 1,496,005         87,516   

Investment securities purchased

                     119,811         133,780           

Advisory fees (Note 3)

     1,441         1,401                 9,623         4,670   

Service fees (Note 2)

     21         13         89         98         35   

Foreign capital gains tax

     152                                   

Total Liabilities

     17,624         99,087         300,427         1,639,507         92,226   

NET ASSETS

   $ 5,334,306       $ 3,515,018       $ 23,960,898       $ 26,451,883       $ 9,441,336   

NET ASSETS:

              

Paid-in capital

   $ 5,189,246       $ 3,715,306       $ 16,037,058       $ 18,055,907       $ 9,467,813   

Undistributed net investment income/(Accumulated net investment loss)

     (8,846      (226      12,673         10,382         (28,473

Accumulated net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     40,873         (73,254      2,949,930         4,681,728         (201,606

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

     113,033         (126,808      4,961,237         3,703,866         203,602   

NET ASSETS

   $ 5,334,306       $ 3,515,018       $ 23,960,898       $ 26,451,883       $ 9,441,336   

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

     200,004         150,004         1,000,005         900,004         400,004   

Net asset value per share

   $ 26.67       $ 23.43       $ 23.96       $ 29.39       $ 23.60   

1     Includes market value of securities out on loan of:

   $ 23,514       $ 104,084               $ 1,567,996       $ 83,324   

 

See Notes to Financial Statements.

 

98   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

December 31, 2016

 

  

 

 

      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
 

ASSETS:

              

Investments, at cost

   $ 1,233,482      $ 1,227,074      $ 4,915,533      $ 4,930,947      $ 4,948,984  

Investments in securities, at value1 (Note 2)

     1,364,753        1,321,113        4,809,255        5,073,284        4,911,629  

Cash

     29        132        19,464        22,472        9,932  

Receivables:

              

Investment securities sold

            256                       

Dividends and interest

     1,828        1,503        50,426        80,482        42,713  

Total Assets

     1,366,610        1,323,004        4,879,145        5,176,238        4,964,274  

LIABILITIES:

              

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     7,315        9,572                       

Advisory fees (Note 3)

     384        371        742        1,667        758  

Service fees (Note 2)

     5        5        18        19        19  

Total Liabilities

     7,704        9,948        760        1,686        777  

NET ASSETS

   $ 1,358,906      $ 1,313,056      $ 4,878,385      $ 5,174,552      $ 4,963,497  

NET ASSETS:

              

Paid-in capital

   $ 1,248,278      $ 1,252,519      $ 4,998,703      $ 4,998,967      $ 5,000,791  

Undistributed net investment income/(Accumulated net investment loss)

     (3,560      (54      56               590  

Accumulated net realized gain (loss) on investments

     (17,083      (33,448      (14,096      33,248        (529

Net unrealized appreciation (depreciation) on investments

     131,271        94,039        (106,278      142,337        (37,355

NET ASSETS

   $ 1,358,906      $ 1,313,056      $ 4,878,385      $ 5,174,552      $ 4,963,497  

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

     50,000        50,000        100,002        100,002        100,002  

Net asset value per share

   $ 27.18      $ 26.26      $ 48.78      $ 51.74      $ 49.63  

1     Includes market value of securities out on loan of:

   $ 25,466      $ 16,987                       

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      99  


Table of Contents

Statements of Assets and Liabilities (unaudited) (concluded)

WisdomTree Trust

December 31, 2016

 

  

 

 

      WisdomTree
Fundamental
U.S. Short-Term
High Yield
Corporate Bond
Fund
     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
     WisdomTree
Dynamic
Long/Short U.S.
Equity Fund
 

ASSETS:

        

Investments, at cost

   $ 4,864,197       $ 3,765,730       $ 29,560,906   

Investments in securities, at value1 (Note 2)

     4,943,184         3,890,161         30,894,301   

Cash

     33,104         7,625         13,361   

Receivables:

        

Investment securities sold

     59,741                   

Capital shares sold

                     1,369,252   

Dividends and interest

     86,189         12,441         56,693   

Total Assets

     5,122,218         3,910,227         32,333,607   

LIABILITIES:

        

Unrealized depreciation on swap contracts

             64,096           

Payables:

        

Investment of cash collateral for securities loaned (Note 2)

             112,104         894,600   

Investment securities purchased

                     1,366,760   

Advisory fees (Note 3)

     1,653         2,562         10,891   

Service fees (Note 2)

     19         24         100   

Total Liabilities

     1,672         178,786         2,272,351   

NET ASSETS

   $ 5,120,546       $ 3,731,441       $ 30,061,256   

NET ASSETS:

        

Paid-in capital

   $ 4,999,958       $ 3,664,782       $ 29,466,950   

Undistributed net investment income/(Accumulated net investment loss)

     2         54,694         (3,243

Accumulated net realized gain (loss) on investments and swap contracts

     41,599         (48,370      (735,846

Net unrealized appreciation on investments and swap contracts

     78,987         60,335         1,333,395   

NET ASSETS

   $ 5,120,546       $ 3,731,441       $ 30,061,256   

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

     100,002         150,004         1,100,004   

Net asset value per share

   $ 51.20       $ 24.88       $ 27.33   

1     Includes market value of securities out on loan of:

           $ 163,108       $ 1,058,445   

 

See Notes to Financial Statements.

 

100   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months or Period Ended December 31, 2016

 

  

 

 

      WisdomTree
Dynamic
Currency
Hedged
Europe Equity
Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Quality
Dividend
Growth  Fund1
     WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged Japan
Equity Fund
 

INVESTMENT INCOME:

              

Dividends2

   $ 42,785       $ 3,691,098       $       $ 32,600       $ 52,695   

Dividends from affiliates (Note 3)

                     5,330                   

Securities lending income (Note 2)

     417         51,205                 883         226   

Total investment income

     43,202         3,742,303         5,330         33,483         52,921   

EXPENSES:

              

Advisory fees (Note 3)

     11,913         561,113         1,862         5,205         11,805   

Service fees (Note 2)

     109         6,172         14         48         108   

Total expenses

     12,022         567,285         1,876         5,253         11,913   

Expense waivers (Note 3)

     (1,241      (70,139      (1,541      (542      (1,230

Net expenses

     10,781         497,146         335         4,711         10,683   

Net investment income

     32,421         3,245,157         4,995         28,772         42,238   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions3

     (13,400      243,664                 5,382         (640

Investment transactions in affiliates (Note 3)

                     (7                

In-kind redemptions

                             89,964           

Foreign currency contracts and foreign currency related transactions

     198,271         13,314,755         42,979         73,460         69,515   

Net realized gain

     184,871         13,558,419         42,972         168,806         68,875   

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     425,560         13,971,654         (15,503      96,211         426,381   

Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     23,664         640,600         13,280         18,087         294,317   

Net change in unrealized appreciation (depreciation)

     449,224         14,612,254         (2,223      114,298         720,698   

Net realized and unrealized gain on investments

     634,095         28,170,673         40,749         283,104         789,573   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 666,516       $ 31,415,830       $ 45,744       $ 311,876       $ 831,811   

1     For the period November 3, 2016 (commencement of operations) through December 31, 2016.

        

  

2     Net of foreign withholding tax of:

   $ 6,458       $ 234,732               $ 3,690       $ 10,642   

3     Net of foreign capital gains tax withheld of:

                           $ 483           

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      101   


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended December 31, 2016

 

  

 

 

      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
 

INVESTMENT INCOME:

              

Dividends1

   $ 47,159       $ 13,972       $       $ 421,159       $ 113,552   

Dividends from affiliates (Note 3)

                     413,474                   

Securities lending income (Note 2)

     73         1,090         350         4,081         507   

Total investment income

     47,232         15,062         413,824         425,240         114,059   

EXPENSES:

              

Advisory fees (Note 3)

     5,544         9,826         52,992         57,851         28,570   

Service fees (Note 2)

     77         75         543         592         217   

Total expenses

     5,621         9,901         53,535         58,443         28,787   

Expense waivers (Note 3)

             (1,694      (52,992                

Net expenses

     5,621         8,207         543         58,443         28,787   

Net investment income

     41,611         6,855         413,281         366,797         85,272   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions2

     45,791         (12,136              6,427         (98,529

Investment transactions in affiliates (Note 3)

                     7,930                   

In-kind redemptions

                             4,854,979           

In-kind redemptions in affiliates (Note 3)

                     3,328,321                   

Futures contracts

                             (15,303        

Foreign currency contracts and foreign currency related transactions

     2,640         119         239,627         (4,855      (166

Net realized gain (loss)

     48,431         (12,017      3,575,878         4,841,248         (98,695

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions3

     26,039         403,401         (40,285      (1,231,136      (16,010

Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (22      29         472,428         183         (103

Net change in unrealized appreciation (depreciation)

     26,017         403,430         432,143         (1,230,953      (16,113

Net realized and unrealized gain (loss) on investments

     74,448         391,413         4,008,021         3,610,295         (114,808

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 116,059       $ 398,268       $ 4,421,302       $ 3,977,092       $ (29,536

1     Net of foreign withholding tax of:

   $ 7,595       $ 4,536               $ 23,125       $ 23,873   

2     Net of foreign capital gains tax withheld of:

   $ 126                                   

3     Net of foreign capital gain tax credit of:

   $ 142                                   

 

See Notes to Financial Statements.

 

102   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended December 31, 2016

 

  

 

 

      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
 

INVESTMENT INCOME:

              

Dividends

   $ 13,848       $ 11,752       $       $       $   

Interest

                     71,245         148,416         41,742   

Securities lending income (Note 2)

     96         166                           

Total investment income

     13,944         11,918         71,245         148,416         41,742   

EXPENSES:

              

Advisory fees (Note 3)

     2,181         2,132         7,104         12,542         7,064   

Service fees (Note 2)

     29         28         112         115         111   

Total expenses

     2,210         2,160         7,216         12,657         7,175   

Expense waivers (Note 3)

                     (2,537      (2,613      (2,523

Net expenses

     2,210         2,160         4,679         10,044         4,652   

Net investment income

     11,734         9,758         66,566         138,372         37,090   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain from investment transactions

     7,398         648         10,530         70,468         289   

Net change in unrealized appreciation (depreciation) from investments

     69,629         103,083         (175,492      102,674         (56,291

Net realized and unrealized gain (loss) on investments

     77,027         103,731         (164,962      173,142         (56,002

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 88,761       $ 113,489       $ (98,396    $ 311,514       $ (18,912

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      103   


Table of Contents

Statements of Operations (unaudited) (concluded)

WisdomTree Trust

For the Six Months Ended December 31, 2016

 

  

 

 

      WisdomTree
Fundamental
U.S. Short-
Term High
Yield
Corporate
Bond Fund
     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
     WisdomTree
Dynamic
Long/Short
U.S. Equity
Fund
 

INVESTMENT INCOME:

        

Dividends

   $       $ 84,574       $ 331,723   

Interest

     135,376                   

Securities lending income (Note 2)

             520         2,231   

Total investment income

     135,376         85,094         333,954   

EXPENSES:

        

Advisory fees (Note 3)

     12,454         15,237         54,973   

Service fees (Note 2)

     114         128         456   

Total expenses

     12,568         15,365         55,429   

Expense waivers (Note 3)

     (2,595      (1,437      (5,186

Net expenses

     9,973         13,928         50,243   

Net investment income

     125,403         71,166         283,711   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

        

Net realized gain (loss) from:

        

Investment transactions

     95,853         128,871         62,151   

In-kind redemptions

             891,731         445,498   

Swap contracts

             (644,474      (1,032,263

Net realized gain (loss)

     95,853         376,128         (524,614

Net change in unrealized appreciation (depreciation) from:

        

Investment transactions

     48,812         (74,776      1,112,061   

Swap contracts

             (80,568        

Net change in unrealized appreciation (depreciation)

     48,812         (155,344      1,112,061   

Net realized and unrealized gain on investments

     144,665         220,784         587,447   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 270,068       $ 291,950       $ 871,158   

 

See Notes to Financial Statements.

 

104   WisdomTree Trust Semi-Annual Report December 31, 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 Quality
Dividend Growth Fund
 
      For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
January 7, 2016*
through
June 30, 2016
     For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
January 7, 2016*
through
June 30, 2016
     For the Period
November 3, 2016*
through
December 31, 2016
(unaudited)
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

           

Net investment income

   $ 32,421       $ 125,569       $ 3,245,157       $ 3,091,939       $ 4,995   

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

     184,871         (17,370      13,558,419         (4,117,982      42,972   

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

     449,224         23,243         14,612,254         (7,106,065      (2,223

Net increase (decrease) in net assets resulting from operations

     666,516         131,442         31,415,830         (8,132,108      45,744   

DIVIDENDS AND DISTRIBUTIONS:

              

Net investment income

     (64,953      (113,002      (2,568,478      (2,752,751      (4,995

Capital gains

     (22,778              (5,225,655                

Total dividends and distributions

     (87,731      (113,002      (7,794,133      (2,752,751      (4,995

CAPITAL SHARE TRANSACTIONS:

              

Net proceeds from sale of shares

             4,636,202         33,084,397         254,690,394         1,990,877   

Net increase in net assets resulting from capital share transactions

             4,636,202         33,084,397         254,690,394         1,990,877   

Net Increase in Net Assets

     578,785         4,654,642         56,706,094         243,805,535         2,031,626   

NET ASSETS:

              

Beginning of period

   $ 4,654,742       $ 100       $ 243,805,635       $ 100       $ 100   

End of period

   $ 5,233,527       $ 4,654,742       $ 300,511,729       $ 243,805,635       $ 2,031,726   

Undistributed net investment income included in net assets at end of period

   $ 337       $ 32,869       $ 1,178,798       $ 502,119       $   

SHARES CREATED AND REDEEMED:

              

Shares outstanding, beginning of period

     200,004         4         10,050,004         4         5   

Shares created

             200,000         1,300,000         10,050,000         100,000   

Shares redeemed

                                       

Shares outstanding, end of period

     200,004         200,004         11,350,004         10,050,004         100,005   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      105   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

  

 

 

     WisdomTree Dynamic Currency Hedged
International SmallCap Equity Fund
    WisdomTree Dynamic Currency Hedged
Japan Equity Fund
    WisdomTree Emerging Markets Dividend
Fund
 
     For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
January 7, 2016*
through
June 30, 2016
    For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
January 7, 2016*
through
June 30, 2016
    For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
April 7, 2016*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 28,772      $ 52,071      $ 42,238      $ 49,895      $ 41,611      $ 35,545   

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

    168,806        (104,059     68,875        (158,511     48,431        (9,347

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

    114,298        290        720,698        (101,232     26,017        87,016   

Net increase (decrease) in net assets resulting from operations

    311,876        (51,698     831,811        (209,848     116,059        113,214   

DIVIDENDS:

           

Net investment income

    (33,063     (47,502     (67,247     (37,001     (71,712     (12,501

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

           2,486,635               4,695,893        2,727,319        2,461,827   

Cost of shares redeemed

    (1,311,142                                   

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

    (1,311,142     2,486,635               4,695,893        2,727,319        2,461,827   

Net Increase (Decrease) in Net Assets

    (1,032,329     2,387,435        764,564        4,449,044        2,771,666        2,562,540   

NET ASSETS:

           

Beginning of period

  $ 2,387,535      $ 100      $ 4,449,144      $ 100      $ 2,562,640      $ 100   

End of period

  $ 1,355,206      $ 2,387,535      $ 5,213,708      $ 4,449,144      $ 5,334,306      $ 2,562,640   

Undistributed net investment income/ (Accumulated net investment loss) included in net assets at end of period

  $ 3,401      $ 7,692      $ (13,966   $ 11,043      $ (8,846   $ 21,255   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    100,004        4        200,004        4        100,004        4   

Shares created

           100,000               200,000        100,000        100,000   

Shares redeemed

    (50,000                                   

Shares outstanding, end of period

    50,004        100,004        200,004        200,004        200,004        100,004   
* Commencement of operations.

 

See Notes to Financial Statements.

 

106   WisdomTree Trust Semi-Annual Report December 31, 2016


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

 
     For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
October 29, 2015*
through
June 30, 2016
    For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
November 19, 2015*
through
June 30, 2016
    For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
November 12, 2015*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 6,855      $ 77,436      $ 413,281      $ 493,560      $ 366,797      $ 614,296   

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

    (12,017     (61,017     3,575,878        (424,058     4,841,248        132,229   

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

    403,430        (530,238     432,143        4,529,094        (1,230,953     4,934,819   

Net increase (decrease) in net assets resulting from operations

    398,268        (513,819     4,421,302        4,598,596        3,977,092        5,681,344   

DIVIDENDS:

           

Net investment income

    (11,652     (73,190     (407,892     (459,192     (463,459     (511,968

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

           3,715,311        2,183,287        33,057,923        10,918,433        34,057,555   

Cost of shares redeemed

                  (17,437,362     (1,995,864     (24,696,254     (2,510,960

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

           3,715,311        (15,254,075     31,062,059        (13,777,821     31,546,595   

Net Increase (Decrease) in Net Assets

    386,616        3,128,302        (11,240,665     35,201,463        (10,264,188     36,715,971   

NET ASSETS:

           

Beginning of period

  $ 3,128,402      $ 100      $ 35,201,563      $ 100      $ 36,716,071      $ 100   

End of period

  $ 3,515,018      $ 3,128,402      $ 23,960,898      $ 35,201,563      $ 26,451,883      $ 36,716,071   

Undistributed net investment income/ (Accumulated net investment loss) included in net assets at end of period

  $ (226   $ 4,571      $ 12,673      $ 7,284      $ 10,382      $ 107,044   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    150,004        4        1,700,005        5        1,400,004        4   

Shares created

           150,000        100,000        1,800,000        400,000        1,500,000   

Shares redeemed

                  (800,000     (100,000     (900,000     (100,000

Shares outstanding, end of period

    150,004        150,004        1,000,005        1,700,005        900,004        1,400,004   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      107   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

  

 

 

     WisdomTree Strong Dollar Emerging Markets
Equity Fund
   

WisdomTree Strong Dollar U.S.

Equity Fund

   

WisdomTree Weak Dollar U.S.

Equity Fund

 
     For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
October 29, 2015*
through
June 30, 2016
    For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
July 21, 2015*
through
June 30, 2016
    For the
Six Months Ended
December 31, 2016
(unaudited)
    For the Period
July 21, 2015*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 85,272      $ 26,719      $ 11,734      $ 28,711      $ 9,758      $ 23,660   

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

    (98,695     (105,242     7,398        (57,250     648        (54,475

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

    (16,113     219,715        69,629        61,642        103,083        (9,044

Net increase (decrease) in net assets resulting from operations

    (29,536     141,192        88,761        33,103        113,489        (39,859

DIVIDENDS:

           

Net investment income

    (136,065     (2,068     (19,173     (24,832     (11,918     (21,554

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    2,451,358        7,016,355               2,499,007               2,502,016   

Cost of shares redeemed

                         (1,218,060            (1,229,218

Net increase in net assets resulting from capital share transactions

    2,451,358        7,016,355               1,280,947               1,272,798   

Net Increase in Net Assets

    2,285,757        7,155,479        69,588        1,289,218        101,571        1,211,385   

NET ASSETS:

           

Beginning of period

  $ 7,155,579      $ 100      $ 1,289,318      $ 100      $ 1,211,485      $ 100   

End of period

  $ 9,441,336      $ 7,155,579      $ 1,358,906      $ 1,289,318      $ 1,313,056      $ 1,211,485   

Undistributed net investment income/ (Accumulated net investment loss) included in net assets at end of period

  $ (28,473   $ 22,320      $ (3,560   $ 3,879      $ (54   $ 2,106   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    300,004        4        50,000        4        50,000        4   

Shares created

    100,000        300,000               100,000               100,000   

Shares redeemed

                         (50,004            (50,004

Shares outstanding, end of period

    400,004        300,004        50,000        50,000        50,000        50,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

108   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

  

 

 

 

     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
 
     For the Six
Months Ended
December 31,
2016
(unaudited)
    For the Period
April 27, 2016*
through
June 30, 2016
    For the Six
Months Ended
December 31,
2016
(unaudited)
    For the Period
April 27, 2016*
through
June 30, 2016
    For the Six
Months Ended
December 31,
2016
(unaudited)
    For the Period
April 27, 2016*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

         

Net investment income

  $ 66,566      $ 22,230      $ 138,372      $ 47,338      $ 37,090      $ 12,001   

Net realized gain (loss) on investments

    10,530        (138     70,468               289        (818

Net change in unrealized appreciation (depreciation) on investments

    (175,492     69,214        102,674        39,663        (56,291     18,936   

Net increase (decrease) in net assets resulting from operations

    (98,396     91,306        311,514        87,001        (18,912     30,119   

DIVIDENDS AND DISTRIBUTIONS:

  

Net investment income

    (67,740     (21,000     (140,709     (45,001     (37,501     (11,000

Capital gains

    (24,488            (37,220                     

Total dividends and distributions

    (92,228     (21,000     (177,929     (45,001     (37,501     (11,000

CAPITAL SHARE TRANSACTIONS:

  

Net proceeds from sale of shares

           4,998,603               4,998,867               5,000,691   

Net increase in net assets resulting from capital share transactions

           4,998,603               4,998,867               5,000,691   

Net Increase (Decrease) in Net Assets

    (190,624     5,068,909        133,585        5,040,867        (56,413     5,019,810   

NET ASSETS:

  

Beginning of period

  $ 5,069,009      $ 100      $ 5,040,967      $ 100      $ 5,019,910      $ 100   

End of period

  $ 4,878,385      $ 5,069,009      $ 5,174,552      $ 5,040,967      $ 4,963,497      $ 5,019,910   

Undistributed net investment income included in net assets at end of period

  $ 56      $ 1,230      $      $ 2,337      $ 590      $ 1,001   

SHARES CREATED AND REDEEMED:

  

Shares outstanding, beginning of period

    100,002        2        100,002        2        100,002        2   

Shares created

           100,000               100,000               100,000   

Shares redeemed

                                         

Shares outstanding, end of period

    100,002        100,002        100,002        100,002        100,002        100,002   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      109   


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

  

 

 

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

WisdomTree Dynamic Bearish U.S.

Equity Fund

    WisdomTree Dynamic Long/Short U.S.
Equity Fund
 
     For the Six
Months Ended
December 31,
2016
(unaudited)
   

For the Period
April 27, 2016*
through

June 30, 2016

   

For the Six

Months Ended
December 31,

2016

(unaudited)

   

For the Period
December 23, 2015*
through

June 30, 2016

   

For the Six

Months Ended
December 31,
2016

(unaudited)

   

For the Period
December 23, 2015*
through

June 30, 2016

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 125,403      $ 50,503      $ 71,166      $ 31,540      $ 283,711      $ 79,463   

Net realized gain (loss) on investments and swap contracts

    95,853               376,128        (1,574,723     (524,614     16,562   

Net change in unrealized appreciation (depreciation) on investments and swap contracts

    48,812        30,175        (155,344     215,679        1,112,061        221,334   

Net increase (decrease) in net assets resulting from operations

    270,068        80,678        291,950        (1,327,504     871,158        317,359   

DIVIDENDS AND DISTRIBUTIONS:

  

Net investment income

    (126,903     (49,001                   (523,310     (56,252

Capital gains

    (54,254                                   

Return of capital

                         (15,750              

Total dividends and distributions

    (181,157     (49,001            (15,750     (523,310     (56,252

CAPITAL SHARE TRANSACTIONS:

  

Net proceeds from sale of shares

           4,999,858        6,115,132        26,967,888        15,092,820        18,363,769   

Cost of shares redeemed

                  (13,602,778     (14,697,597     (2,737,729     (1,266,659

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

           4,999,858        (7,487,646     12,270,291        12,355,091        17,097,110   

Net Increase (Decrease) in Net Assets

    88,911        5,031,535        (7,195,696     10,927,037        12,702,939        17,358,217   

NET ASSETS:

  

Beginning of period

  $ 5,031,635      $ 100      $ 10,927,137      $ 100      $ 17,358,317      $ 100   

End of period

  $ 5,120,546      $ 5,031,635      $ 3,731,441      $ 10,927,137      $ 30,061,256      $ 17,358,317   

Undistributed net investment income/ (Accumulated net investment loss) included in net assets at end of period

  $ 2      $ 1,502      $ 54,694      $ (16,472   $ (3,243   $ 236,356   

SHARES CREATED AND REDEEMED:

  

Shares outstanding, beginning of period

    100,002        2        450,004        4        650,004        4   

Shares created

           100,000        250,000        1,050,000        550,000        700,000   

Shares redeemed

                  (550,000     (600,000     (100,000     (50,000

Shares outstanding, end of period

    100,002        100,002        150,004        450,004        1,100,004        650,004   
* Commencement of operations.

 

See Notes to Financial Statements.

 

110   WisdomTree Trust Semi-Annual Report December 31, 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

Six Months Ended
December 31,
2016 (unaudited)

    

For the Period
January 7, 2016*
through

June 30, 2016

 

Net asset value, beginning of period

   $ 23.27       $ 24.25   

Investment operations:

     

Net investment income1

     0.16         0.70   

Net realized and unrealized gain (loss)

     3.17         (1.11

Total from investment operations

     3.33         (0.41

Dividends and distributions to shareholders:

     

Net investment income

     (0.32      (0.57

Capital gains

     (0.11        

Total dividends and distributions to shareholders

     (0.43      (0.57

Net asset value, end of period

   $ 26.17       $ 23.27   

TOTAL RETURN2

     14.46      (1.81 )% 

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 5,234       $ 4,655   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.43 %3       0.43 %3 

Expenses, prior to expense waivers

     0.48 %3       0.48 %3 

Net investment income

     1.31 %3       6.02 %3 

Portfolio turnover rate4

     3      25

 

WisdomTree Dynamic Currency Hedged International Equity Fund    For the Six
Months Ended
December 31,
2016 (unaudited)
    

For the Period

January 7, 2016*

through

June 30, 2016

 

Net asset value, beginning of period

   $ 24.26       $ 24.18   

Investment operations:

     

Net investment income1

     0.30         0.79   

Net realized and unrealized gain (loss)

     2.62         (0.35

Total from investment operations

     2.92         0.44   

Dividends and distributions to shareholders:

     

Net investment income

     (0.24      (0.36

Capital gains

     (0.46        

Total dividends and distributions to shareholders

     (0.70      (0.36

Net asset value, end of period

   $ 26.48       $ 24.26   

TOTAL RETURN2

     12.14      1.82

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 300,512       $ 243,806   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.35 %3       0.35 %3 

Expenses, prior to expense waivers

     0.40 %3       0.40 %3 

Net investment income

     2.31 %3       6.79 %3 

Portfolio turnover rate4

     5      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 Semi-Annual Report December 31, 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 Dynamic Currency Hedged International Quality Dividend Growth Fund   

For the Period

November 3, 2016*

through

December 31,
2016 (unaudited)

 

Net asset value, beginning of period

   $ 19.63   

Investment operations:

  

Net investment income1

     0.05   

Net realized and unrealized gain

     0.69   

Total from investment operations

     0.74   

Dividends to shareholders:

  

Net investment income

     (0.05

Net asset value, end of period

   $ 20.32   

TOTAL RETURN2

     3.77

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 2,032   

Ratios to average net assets3 of:

  

Expenses, net of expense waivers

     0.10 %4 

Expenses, prior to expense waivers

     0.58 %4 

Net investment income

     1.56 %4 

Portfolio turnover rate5

     0 %6 

 

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund   

For the
Six Months Ended

December 31,
2016 (unaudited)

     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 23.87       $ 24.24   

Investment operations:

     

Net investment income1

     0.35         0.52   

Net realized and unrealized gain (loss)

     3.34         (0.41

Total from investment operations

     3.69         0.11   

Dividends to shareholders:

     

Net investment income

     (0.46      (0.48

Net asset value, end of period

   $ 27.10       $ 23.87   

TOTAL RETURN2

     15.49      0.36

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 1,355       $ 2,388   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.43 %4       0.43 %4 

Expenses, prior to expense waivers

     0.48 %4       0.48 %4 

Net investment income

     2.65 %4       4.42 %4 

Portfolio turnover rate5

     5      50
*  Commencement of operations.

 

1  Based on average shares outstanding.

 

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

 

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

 

4  Annualized.

 

5  Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

6  Amount represents less than 1%.

 

See Notes to Financial Statements.

 

112   WisdomTree Trust Semi-Annual Report December 31, 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 Dynamic Currency Hedged Japan Equity Fund    For the
Six Months Ended
December 31,
2016 (unaudited)
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 22.25       $ 24.38   

Investment operations:

     

Net investment income1

     0.21         0.28   

Net realized and unrealized gain (loss)

     3.95         (2.22

Total from investment operations

     4.16         (1.94

Dividends to shareholders:

     

Net investment income

     (0.34      (0.19

Net asset value, end of period

   $ 26.07       $ 22.25   

TOTAL RETURN2

     18.67      (8.00 )% 

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 5,214       $ 4,449   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.43 %3       0.43 %3 

Expenses, prior to expense waivers

     0.48 %3       0.48 %3 

Net investment income

     1.72 %3       2.50 %3 

Portfolio turnover rate4

     3      22

 

     
WisdomTree Emerging Markets Dividend Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
April 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 25.63       $ 24.53   

Investment operations:

     

Net investment income1

     0.32         0.36   

Net realized and unrealized gain

     1.32         0.87   

Total from investment operations

     1.64         1.23   

Dividends to shareholders:

     

Net investment income

     (0.60      (0.13

Net asset value, end of period

   $ 26.67       $ 25.63   

TOTAL RETURN2

     6.37      5.01

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 5,334       $ 2,563   

Ratios to average net assets of:

     

Expenses

     0.32 %3       0.32 %3 

Net investment income

     2.40 %3       6.14 %3 

Portfolio turnover rate4

     15      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 by the investment adviser for the WisdomTree Dynamic Currency Hedged Japan Equity Fund (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 Semi-Annual Report December 31, 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 Europe Local Recovery Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
October 29, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 20.86       $ 24.70   

Investment operations:

     

Net investment income1

     0.05         0.52   

Net realized and unrealized gain (loss)

     2.60         (3.87

Total from investment operations

     2.65         (3.35

Dividends to shareholders:

     

Net investment income

     (0.08      (0.49

Net asset value, end of period

   $ 23.43       $ 20.86   

TOTAL RETURN2

     12.70      (13.76 )% 

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 3,515       $ 3,128   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.48 %3       0.48 %3 

Expenses, prior to expense waivers

     0.58 %3       0.58 %3 

Net investment income

     0.40 %3       3.32 %3 

Portfolio turnover rate4

     1      22

 

     
WisdomTree Global Hedged SmallCap Dividend Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
November 19, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 20.71       $ 20.23   

Investment operations:

     

Net investment income1

     0.38         0.39   

Net realized and unrealized gain

     3.31         0.45   

Total from investment operations

     3.69         0.84   

Dividends to shareholders:

     

Net investment income

     (0.44      (0.36

Net asset value, end of period

   $ 23.96       $ 20.71   

TOTAL RETURN2

     17.95      4.20

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 23,961       $ 35,202   

Ratios to average net assets5 of:

     

Expenses, net of expense waivers

     0.00 %3,6       0.00 %3,6 

Expenses, prior to expense waivers

     0.43 %3       0.43 %3 

Net investment income

     3.35 %3       3.23 %3 

Portfolio turnover rate4

     1      3
*  Commencement of operations.

 

1  Based on average shares outstanding.

 

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

 

3  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.

 

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

 

6  Amount represents less than 0.005%.

 

See Notes to Financial Statements.

 

114   WisdomTree Trust Semi-Annual Report December 31, 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 Global SmallCap Dividend Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
November 12, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 26.23       $ 24.58   

Investment operations:

     

Net investment income1

     0.38         0.61   

Net realized and unrealized gain

     3.33         1.52   

Total from investment operations

     3.71         2.13   

Dividends to shareholders:

     

Net investment income

     (0.55      (0.48

Net asset value, end of period

   $ 29.39       $ 26.23   

TOTAL RETURN2

     14.26      8.71

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 26,452       $ 36,716   

Ratios to average net assets of:

     

Expenses

     0.43 %3       0.43 %3 

Net investment income

     2.73 %3       3.88 %3 

Portfolio turnover rate4

     25      8

 

     
WisdomTree Strong Dollar Emerging Markets Equity Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
October 29, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 23.85       $ 24.58   

Investment operations:

     

Net investment income1

     0.22         0.12   

Net realized and unrealized loss

     (0.13      (0.83

Total from investment operations

     0.09         (0.71

Dividends to shareholders:

     

Net investment income

     (0.34      (0.02

Net asset value, end of period

   $ 23.60       $ 23.85   

TOTAL RETURN2

     0.29      (2.88 )% 

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 9,441       $ 7,156   

Ratios to average net assets of:

     

Expenses

     0.58 %3       0.58 %3 

Net investment income

     1.73 %3       0.78 %3 

Portfolio turnover rate4

     4      74
*  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 Semi-Annual Report December 31, 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 Strong Dollar U.S. Equity Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
July 21, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 25.79       $ 24.85   

Investment operations:

     

Net investment income1

     0.23         0.43   

Net realized and unrealized gain

     1.54         0.94   

Total from investment operations

     1.77         1.37   

Dividends to shareholders:

     

Net investment income

     (0.38      (0.43

Net asset value, end of period

   $ 27.18       $ 25.79   

TOTAL RETURN2

     6.91      5.62

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 1,359       $ 1,289   

Ratios to average net assets of:

     

Expenses

     0.33 %3       0.33 %3 

Net investment income

     1.78 %3       1.89 %3 

Portfolio turnover rate4

     2      23

 

     
WisdomTree Weak Dollar U.S. Equity Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
July 21, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.23       $ 24.88   

Investment operations:

     

Net investment income1

     0.20         0.36   

Net realized and unrealized gain (loss)

     2.07         (0.63

Total from investment operations

     2.27         (0.27

Dividends to shareholders:

     

Net investment income

     (0.24      (0.38

Net asset value, end of period

   $ 26.26       $ 24.23   

TOTAL RETURN2

     9.37      (1.03 )% 

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 1,313       $ 1,211   

Ratios to average net assets of:

     

Expenses

     0.33 %3       0.33 %3 

Net investment income

     1.51 %3       1.61 %3 

Portfolio turnover rate4

     2      21
*  Commencement of operations.

 

1  Based on average shares outstanding.

 

2  Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3  Annualized.

 

4  Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

116   WisdomTree Trust Semi-Annual Report December 31, 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. Corporate Bond Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.69       $ 49.96   

Investment operations:

     

Net investment income1

     0.67         0.22   

Net realized and unrealized gain (loss)

     (1.66      0.72   

Total from investment operations

     (0.99      0.94   

Dividends and distributions to shareholders:

     

Net investment income

     (0.68      (0.21

Capital gains

     (0.24        

Total dividends and distributions to shareholders

     (0.92      (0.21

Net asset value, end of period

   $ 48.78       $ 50.69   

TOTAL RETURN2

     (1.97 )%       1.89

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 4,878       $ 5,069   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.18 %3       0.18 %3 

Expenses, prior to expense waivers

     0.28 %3       0.28 %3 

Net investment income

     2.62 %3       2.50 %3 

Portfolio turnover rate4

     26      3

 

     
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.41       $ 50.19   

Investment operations:

     

Net investment income1

     1.38         0.47   

Net realized and unrealized gain

     1.73         0.20   

Total from investment operations

     3.11         0.67   

Dividends and distributions to shareholders:

     

Net investment income

     (1.41      (0.45

Capital gains

     (0.37        

Total dividends and distributions to shareholders

     (1.78      (0.45

Net asset value, end of period

   $ 51.74       $ 50.41   

TOTAL RETURN2

     6.22      1.34

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 5,175       $ 5,041   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.38 %3       0.38 %3 

Expenses, prior to expense waivers

     0.48 %3       0.48 %3 

Net investment income

     5.30 %3       5.31 %3 

Portfolio turnover rate4

     12      0
*  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 Semi-Annual Report December 31, 2016      117   


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 Corporate Bond Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.20       $ 49.98   

Investment operations:

     

Net investment income1

     0.37         0.12   

Net realized and unrealized gain (loss)

     (0.56      0.21   

Total from investment operations

     (0.19      0.33   

Dividends to shareholders:

     

Net investment income

     (0.38      (0.11

Net asset value, end of period

   $ 49.63       $ 50.20   

TOTAL RETURN2

     (0.39 )%       0.66

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 4,963       $ 5,020   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.18 %3       0.18 %3 

Expenses, prior to expense waivers

     0.28 %3       0.28 %3 

Net investment income

     1.47 %3       1.35 %3 

Portfolio turnover rate4

     19      14

 

     
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.32       $ 49.95   

Investment operations:

     

Net investment income1

     1.25         0.51   

Net realized and unrealized gain

     1.44         0.35   

Total from investment operations

     2.69         0.86   

Dividends and distributions to shareholders:

     

Net investment income

     (1.27      (0.49

Capital gains

     (0.54        

Total dividends and distributions to shareholders

     (1.81      (0.49

Net asset value, end of period

   $ 51.20       $ 50.32   

TOTAL RETURN2

     5.40      1.73

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 5,121       $ 5,032   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.38 %3       0.38 %3 

Expenses, prior to expense waivers

     0.48 %3       0.48 %3 

Net investment income

     4.83 %3       5.66 %3 

Portfolio turnover rate4

     23      0
*  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.

 

118   WisdomTree Trust Semi-Annual Report December 31, 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 Bearish U.S. Equity Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.28       $ 24.30   

Investment operations:

     

Net investment income1

     0.31         0.08   

Net realized and unrealized gain (loss)

     0.29         (0.06

Total from investment operations

     0.60         0.02   

Distributions to shareholders:

     

Return of capital

             (0.04

Net asset value, end of period

   $ 24.88       $ 24.28   

TOTAL RETURN2

     2.47      0.06

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 3,731       $ 10,927   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.48 %3       0.48 %3 

Expenses, prior to expense waivers

     0.53 %3       0.53 %3 

Net investment income

     2.48 %3       0.60 %3 

Portfolio turnover rate4

     86      4

 

     
WisdomTree Dynamic Long/Short U.S. Equity Fund    For the
Six Months Ended
December 31, 2016
(unaudited)
     For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 26.70       $ 25.13   

Investment operations:

     

Net investment income1

     0.38         0.24   

Net realized and unrealized gain

     0.80         1.49   

Total from investment operations

     1.18         1.73   

Dividends to shareholders:

     

Net investment income

     (0.55      (0.16

Net asset value, end of period

   $ 27.33       $ 26.70   

TOTAL RETURN2

     4.40      6.88

RATIOS/SUPPLEMENTAL DATA:

     

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

   $ 30,061       $ 17,358   

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.48 %3       0.48 %3 

Expenses, prior to expense waivers

     0.53 %3       0.53 %3 

Net investment income

     2.74 %3       1.80 %3 

Portfolio turnover rate4

     62      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.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      119   


Table of Contents

Notes to Financial Statements (unaudited)

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of December 31, 2016, the Trust consisted of 93 operational 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 Quality Dividend Growth Fund (“Dynamic Currency Hedged International Quality Dividend Growth Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     November 3, 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.

 

120   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees. 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. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time, except, 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. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade. 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      121   


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

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

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or 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 December 31, 2016 in valuing each Fund’s assets:

 

Dynamic Currency Hedged Europe Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 5,235,898        $      $  

Rights

     1,156                  

Investment of Cash Collateral for Securities Loaned

              17,196         

Total

   $ 5,237,054        $ 17,196      $  

Unrealized Appreciation on Foreign Currency Contracts

              30,895         

Unrealized Depreciation on Foreign Currency Contracts

              (486       

Total - Net

   $ 5,237,054        $ 47,605      $  
          
Dynamic Currency Hedged International Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 299,786,042        $      $  

Rights

                            

Italy

                     0 ** 

Other*

     19,481                  

Investment of Cash Collateral for Securities Loaned

              2,996,925         

Total

   $ 299,805,523        $ 2,996,925      $ 0  

Unrealized Appreciation on Foreign Currency Contracts

              2,590,921         

Unrealized Depreciation on Foreign Currency Contracts

              (213,620       

Total - Net

   $ 299,805,523        $ 5,374,226      $ 0  

 

122   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Dynamic Currency Hedged International Quality Dividend Growth Fund    Level 1        Level 2      Level 3  

Exchange-Traded Fund

   $ 2,029,432        $      $  

Total

   $ 2,029,432        $      $  

Unrealized Appreciation on Foreign Currency Contracts

              14,772         

Unrealized Depreciation on Foreign Currency Contracts

              (1,492       

Total - Net

   $ 2,029,432        $ 13,280      $  
          
Dynamic Currency Hedged International SmallCap Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 1,352,353        $      $  

Rights

                            

Australia

              52         

Italy

                     0 ** 

Other*

     40                  

Investment of Cash Collateral for Securities Loaned

              29,639         

Total

   $ 1,352,393        $ 29,691      $ 0  

Unrealized Appreciation on Foreign Currency Contracts

              13,978         

Unrealized Depreciation on Foreign Currency Contracts

              (920       

Total - Net

   $ 1,352,393        $ 42,749      $ 0  
          
Dynamic Currency Hedged Japan Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 5,180,172        $      $  

Investment of Cash Collateral for Securities Loaned

              100,704         

Total

   $ 5,180,172        $ 100,704      $  

Unrealized Appreciation on Foreign Currency Contracts

              107,060         

Unrealized Depreciation on Foreign Currency Contracts

              (590       

Total - Net

   $ 5,180,172        $ 207,174      $  
          
Emerging Markets Dividend Fund    Level 1        Level 2      Level 3  

Common Stocks

                            

China

   $ 1,192,518        $      $ 5,311 ** 

Other*

     4,127,595                  

Investment of Cash Collateral for Securities Loaned

              16,010         

Total

   $ 5,320,113        $ 16,010      $ 5,311  

Unrealized Depreciation on Foreign Currency Contracts

                      

Total - Net

   $ 5,320,113        $ 16,010      $ 5,311  
          
Europe Local Recovery Fund    Level 1        Level 2      Level 3  

Common Stocks

                            

Italy

   $ 514,175        $      $ 2,131 ** 

Other*

     2,994,821                  

Rights

     439                  

Investment of Cash Collateral for Securities Loaned

              97,673         

Total

   $ 3,509,435        $ 97,673      $ 2,131  
          
Global Hedged SmallCap Dividend Fund    Level 1        Level 2      Level 3  

Exchange-Traded Fund

   $ 23,950,667        $      $  

Total

   $ 23,950,667        $      $  

Unrealized Appreciation on Foreign Currency Contracts

              138,438         

Unrealized Depreciation on Foreign Currency Contracts

              (24,504       

Total - Net

   $ 23,950,667        $ 113,934      $  

 

WisdomTree Trust Semi-Annual Report December 31, 2016      123  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Global SmallCap Dividend Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 26,460,463         $       $   

Exchange-Traded Note

     25,353                     

Investment of Cash Collateral for Securities Loaned

               1,496,005           

Total

   $ 26,485,816         $ 1,496,005       $   

Unrealized Depreciation on Foreign Currency Contracts

               (1        

Total - Net

   $ 26,485,816         $ 1,496,004       $   
          
Strong Dollar Emerging Markets Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 9,435,398         $       $   

Investment of Cash Collateral for Securities Loaned

               87,516           

Total

   $ 9,435,398         $ 87,516       $   

Unrealized Depreciation on Foreign Currency Contracts

               (5        

Total - Net

   $ 9,435,398         $ 87,511       $   
          
Strong Dollar U.S. Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 1,357,438         $       $   

Investment of Cash Collateral for Securities Loaned

               7,315           

Total

   $ 1,357,438         $ 7,315       $   
          
Weak Dollar U.S. Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 1,311,541         $       $   

Investment of Cash Collateral for Securities Loaned

               9,572           

Total

   $ 1,311,541         $ 9,572       $   
          
Fundamental U.S. Corporate Bond Fund    Level 1        Level 2      Level 3  

Corporate Bonds

   $         $ 4,809,255       $   
          
Fundamental U.S. High Yield Corporate Bond Fund    Level 1        Level 2      Level 3  

Corporate Bonds

   $         $ 5,073,284       $   
          
Fundamental U.S. Short-Term Corporate Bond Fund    Level 1        Level 2      Level 3  

Corporate Bonds

   $         $ 4,911,629       $   
          
Fundamental U.S. Short-Term High Yield Corporate Bond Fund    Level 1        Level 2      Level 3  

Corporate Bonds

   $         $ 4,943,184       $   
          
Dynamic Bearish U.S. Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 3,778,057         $       $   

Investment of Cash Collateral for Securities Loaned

               112,104           

Total

   $ 3,778,057         $ 112,104       $   

Unrealized Depreciation on Swap Contracts

               (64,096        

Total - Net

   $ 3,778,057         $ 48,008       $   
          
Dynamic Long/Short U.S. Equity Fund    Level 1        Level 2      Level 3  

Common Stocks*

   $ 29,999,701         $       $   

Investment of Cash Collateral for Securities Loaned

               894,600           

Total

   $ 29,999,701         $ 894,600       $   
  * Please refer to Schedule of Investments for a breakdown of the valuation by industry type and country.

 

  ** Security is being fair valued by the Pricing Committee.

 

124   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

During the six months ended December 31, 2016, Dynamic Currency Hedged International SmallCap Equity Fund transferred securities with a fair value of $957 from Level 2 to Level 1 primarily due to the availability of a quoted price in an active market for identical investments.

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, futures contracts and swap contracts during the period ended December 31, 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 December 31, 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 pages 130 and 131. At December 31, 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 December 31, 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    $ 30,895      Unrealized depreciation on foreign currency contracts    $ 486  

Dynamic Currency Hedged International Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      2,590,921      Unrealized depreciation on foreign currency contracts      213,620  

Dynamic Currency Hedged International Quality Dividend Growth Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      14,772      Unrealized depreciation on foreign currency contracts      1,492  

Dynamic Currency Hedged International SmallCap Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      13,978      Unrealized depreciation on foreign currency contracts      920  

Dynamic Currency Hedged Japan Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      107,060      Unrealized depreciation on foreign currency contracts      590  

Emerging Markets Dividend Fund

        

Foreign exchange contracts

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

Global Hedged SmallCap Dividend Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      138,438      Unrealized depreciation on foreign currency contracts      24,504  

Global SmallCap Dividend Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      1  

Strong Dollar Emerging Markets Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      5  

Dynamic Bearish U.S. Equity Fund

        

Equity contracts

   Unrealized appreciation on swap contracts           Unrealized depreciation on swap contracts      64,096  

 

WisdomTree Trust Semi-Annual Report December 31, 2016      125  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

For the six months or period ended December 31, 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 Fund

 

Foreign exchange contracts

   $ 199,517      $ 23,611  

Dynamic Currency Hedged International Equity Fund

 

Foreign exchange contracts

     13,516,629        620,570  

Dynamic Currency Hedged International Quality Dividend Growth Fund3

 

Foreign exchange contracts

     42,979        13,280  

Dynamic Currency Hedged International SmallCap Equity Fund

 

Foreign exchange contracts

     74,735        18,018  

Dynamic Currency Hedged Japan Equity Fund

 

Foreign exchange contracts

     76,757        294,966  

Emerging Markets Dividend Fund

 

Foreign exchange contracts

     (17,071      10  

Europe Local Recovery Fund

 

Foreign exchange contracts

     (82       

Global Hedged SmallCap Dividend Fund

 

Foreign exchange contracts

     239,627        472,446  

Global SmallCap Dividend Fund

 

Foreign exchange contracts

     (12,619      219  

Equity contracts

     (15,303       

Strong Dollar Emerging Markets Equity Fund

 

Foreign exchange contracts

     2,822        (5

Dynamic Bearish U.S. Equity Fund

 

Equity contracts

     (644,474      (80,568

Dynamic Long/Short U.S. Equity Fund

 

Equity contracts

     (1,032,263       
  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 futures contracts and 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 November 3, 2016 (commencement of operations) through December 31, 2016.

 

126   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

During the six months or period ended December 31, 2016, the volume of derivative activity (based on the average of month-end balances) for each Fund was as follows:

 

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

Dynamic Currency Hedged Europe Equity Fund

 

Foreign exchange contracts

   $ 3,146,221      $ 6,425,546      $      $  

Dynamic Currency Hedged International Equity Fund

           

Foreign exchange contracts

     168,974,167        342,739,290                

Dynamic Currency Hedged International Quality Dividend Growth Fund1

 

        

Foreign exchange contracts

     1,504,354        3,023,300                

Dynamic Currency Hedged International SmallCap Equity Fund

 

        

Foreign exchange contracts

     1,190,266        2,321,356                

Dynamic Currency Hedged Japan Equity Fund

           

Foreign exchange contracts

     2,638,941        5,561,490                

Emerging Markets Dividend Fund2

           

Foreign exchange contracts

     65,375        223,040                

Europe Local Recovery Fund

           

Foreign exchange contracts

            554                

Global Hedged SmallCap Dividend Fund

           

Foreign exchange contracts

     12,921,575        24,744,946                

Global SmallCap Dividend Fund

           

Equity contracts2

                          1,155,208  

Foreign exchange contracts

     22,927        119,511                

Strong Dollar Emerging Markets Equity Fund2

           

Foreign exchange contracts

     63,965        337,843                

Dynamic Bearish U.S. Equity Fund

           

Equity contracts

                   4,927,309         

Dynamic Long/Short U.S. Equity Fund

           

Equity contracts

                   3,659,698         
  1  For the period November 3, 2016 (commencement of operations) through December 31, 2016.
  2  The volume of derivative activity for the period is based on intra-month balances.

Investment Transactions and Investment Income Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income 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.

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

 

WisdomTree Trust Semi-Annual Report December 31, 2016      127  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

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 — The Currency Hedged Equity Funds, except the Global Hedged SmallCap Dividend Fund, utilized forward foreign currency contracts (“Forward Contract”) to dynamically obtain either a net long or net short exposure to foreign currencies consistent with each Currency Hedged Equity Fund’s investment objective. The Global Hedged SmallCap Dividend Fund utilized Forward Contracts to obtain net short exposure to foreign currencies consistent with its investment objective. The Emerging Markets Dividend Fund, Europe Local Recovery Fund, Global SmallCap Dividend Fund, and the Strong Dollar Emerging Markets Equity Fund utilized Forward Contracts to facilitate foreign security settlements. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

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

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold.

Futures Contracts — The Global SmallCap Dividend Fund utilized equity futures contracts on a temporary basis during the period to obtain market exposure consistent with its investment objective during the Fund’s annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts payments may be made or received at settlement. Such variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

 

128   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Total Return Swaps — The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. Total return swap contracts are agreements between counterparties to exchange the return of a given underlying reference asset/index, including income and any appreciation/depreciation in value of the reference asset/index, in exchange for payments equal to a rate of interest on another reference asset. During the term of the outstanding swap agreement, changes in the underlying value of the swap are recorded as unrealized gains and losses and the periodic payments received or made on the swap are recorded as realized gains or losses. 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. A Fund may use swap agreements to invest in a market without owning or taking physical custody of the underlying securities in circumstances in which direct investment is restricted for legal reasons or is otherwise impractical. 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. Total return swaps are exposed to the market risk factor of the specific underlying reference asset/index such as unanticipated movements in the value of the exchange rates, interest rates, securities, or the reference asset/index. Additional risks to a Fund include the possibility that there is no liquid market for these agreements or that the swap counterparty may default on its obligation to perform. A Fund’s maximum loss from counterparty risk is the fair value of the contract.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Master Netting Arrangements — ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due

 

WisdomTree Trust Semi-Annual Report December 31, 2016      129  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

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 Liabilities. As of December 31, 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

    Net Amount    

Gross Amounts
in the
Statements of

Assets and
Liabilities

   

Gross Amounts Not Offset

in the Statements of
Assets and Liabilities

    Net Amount  
Fund     Financial
Instruments
    Collateral
Received
        Financial
Instruments
    Collateral
Posted
   

Dynamic Currency Hedged Europe Equity Fund

               

Securities Lending

  $ 39,540     $     $ (39,540 )1    $     $     $     $     $  

Foreign Currency Contracts

    30,895                   30,895       486                   486  

Dynamic Currency Hedged International Equity Fund

               

Securities Lending

    3,414,959             (3,414,959 )1                               

Foreign Currency Contracts

    2,590,921                   2,590,921       213,620                   213,620  

Dynamic Currency Hedged International Quality Dividend Growth Fund

               

Foreign Currency Contracts

    14,772                   14,772       1,492                   1,492  

Dynamic Currency Hedged International SmallCap Equity Fund

               

Securities Lending

    40,626             (40,626 )1                               

Foreign Currency Contracts

    13,978                   13,978       920                   920  

Dynamic Currency Hedged Japan Equity Fund

               

Securities Lending

    95,892             (95,892 )1                               

Foreign Currency Contracts

    107,060                   107,060       590                   590  

Emerging Markets Dividend Fund

               

Securities Lending

    23,514             (23,514 )1                               

Foreign Currency Contracts

                                               

Europe Local Recovery Fund

               

Securities Lending

    104,084             (104,084 )1                               

Global Hedged SmallCap Dividend Fund

               

Foreign Currency Contracts

    138,438       (3,356           135,082       24,504       (3,356           21,148  

Global SmallCap Dividend Fund

               

Securities Lending

    1,567,996             (1,567,996 )1                               

Foreign Currency Contracts

                            1                   1  

 

130   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

     Assets     Liabilities  
   

Gross Amounts

in the

Statements of

Assets and
Liabilities

   

Gross Amounts Not Offset

in the Statements of

Assets and Liabilities

    Net Amount    

Gross Amounts
in the
Statements of

Assets and
Liabilities

   

Gross Amounts Not Offset

in the Statements of
Assets and Liabilities

    Net Amount  
Fund     Financial
Instruments
    Collateral
Received
        Financial
Instruments
    Collateral
Posted
   

Strong Dollar Emerging Markets Equity Fund

               

Securities Lending

  $ 83,324     $     $ (83,324 )1    $     $     $     $     $  

Foreign Currency Contracts

                            5                   5  

Strong Dollar U.S. Equity Fund

               

Securities Lending

    25,466             (25,466 )1                               

Weak Dollar U.S. Equity Fund

               

Securities Lending

    16,987             (16,987 )1                               

Dynamic Bearish U.S. Equity Fund

               

Securities Lending

    163,108             (163,108 )1                               

Swap Contracts

                            64,096                   64,096  

Dynamic Long/Short U.S. Equity Fund

               

Securities Lending

    1,058,445             (1,058,445 )1                               
  1  The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      131  


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Notes to Financial Statements (unaudited) (continued)

 

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

(before fee waiver)

     Advisory Fee
Waiver1
    Advisory Fee Waiver
Expiration Date
 

Dynamic Currency Hedged Europe Equity Fund

     0.48      (0.05 )%      October 31, 2017  

Dynamic Currency Hedged International Equity Fund

     0.40      (0.05 )%      October 31, 2017  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     0.58      (0.48 )%2      October 31, 2017  

Dynamic Currency Hedged International SmallCap Equity Fund

     0.48      (0.05 )%      October 31, 2017  

Dynamic Currency Hedged Japan Equity Fund

     0.48      (0.05 )%      October 31, 2017  

Emerging Markets Dividend Fund

     0.32             

Europe Local Recovery Fund

     0.58      (0.10 )%      October 31, 2017  

Global Hedged SmallCap Dividend Fund

     0.43      (0.43 )%3      July 31, 2018  

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      (0.10 )%      October 31, 2017  

Fundamental U.S. High Yield Corporate Bond Fund

     0.48      (0.10 )%      October 31, 2017  

Fundamental U.S. Short-Term Corporate Bond Fund

     0.28      (0.10 )%      October 31, 2017  

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

     0.48      (0.10 )%      October 31, 2017  

Dynamic Bearish U.S. Equity Fund

     0.53      (0.10 )%      October 31, 2017  

Dynamic Long/Short U.S. Equity Fund

     0.53      (0.10 )%      October 31, 2017  
  1  WTAM has contractually agreed to waive a portion of its advisory fee by the waiver amount listed per annum based on the average daily net assets through the expiration date listed, unless earlier terminated by the Board of Trustees of the Trust for any reason.

 

  2  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 (currently, approximately 0.38% per annum), as well as an additional 0.10% per annum.

 

  3  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 (currently, approximately 0.43% per annum).

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 six months or period ended December 31, 2016 are as follows:

 

Fund    Value at
6/30/2016
     Purchases/
Additions
     Sales/
Reductions
     Value at
12/31/2016
     Dividend
Income
 

Dynamic Currency Hedged International Quality Dividend Growth Fund1

              

WisdomTree International Quality Dividend Growth Fund

   $      $ 2,047,131      $ 2,189      $ 2,029,432      $ 5,330  

Global Hedged SmallCap Dividend Fund

              

WisdomTree Global SmallCap Dividend Fund

   $ 35,194,942      $ 2,967,403      $ 17,507,644      $ 23,950,667      $ 413,474  
  1  For the period November 3, 2016 (commencement of operations) through December 31, 2016.

 

132   WisdomTree Trust Semi-Annual Report December 31, 2016


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

4. CAPITAL SHARE TRANSACTIONS

As of December 31, 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 portfolio of equity securities and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the six months or period ended December 31, 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 Fund

   $ 301,899       $ 126,845       $       $   

Dynamic Currency Hedged International Equity Fund

     23,849,734         12,717,350         32,498,070           

Dynamic Currency Hedged International Quality Dividend Growth Fund1

     54,123         2,189         1,993,008           

Dynamic Currency Hedged International SmallCap Equity Fund

     106,321         144,906                 1,165,328   

Dynamic Currency Hedged Japan Equity Fund

     447,685         143,965                   

Emerging Markets Dividend Fund

     1,670,185         501,817         1,546,621           

Europe Local Recovery Fund

     31,409         32,083                   

Global Hedged SmallCap Dividend Fund

     774,446         134,451         2,192,957         17,373,193   

Global SmallCap Dividend Fund

     13,895,367         6,624,018         2,593,395         23,633,808   

Strong Dollar Emerging Markets Equity Fund

     2,427,528         408,951         393,209           

Strong Dollar U.S. Equity Fund

     24,535         44,255                   

Weak Dollar U.S. Equity Fund

     27,008         21,865                   

Fundamental U.S. Corporate Bond Fund

     1,288,470         1,301,478                   

Fundamental U.S. High Yield Corporate Bond Fund

     639,166         616,991                   

Fundamental U.S. Short-Term Corporate Bond Fund

     950,257         915,090                   

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

     1,120,493         1,145,066                   

Dynamic Bearish U.S. Equity Fund

     5,317,122         5,903,634         6,092,530         13,570,085   

Dynamic Long/Short U.S. Equity Fund

     13,267,803         14,590,692         15,071,271         2,706,197   
  1  For the period November 3, 2016 (commencement of operations) through December 31, 2016.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      133   


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Notes to Financial Statements (unaudited) (concluded)

 

6. FEDERAL INCOME TAXES

At December 31, 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

   $ 4,820,716      $ 562,655      $ (129,121    $ 433,534  

Dynamic Currency Hedged International Equity Fund

     297,694,960        18,874,230        (13,766,742      5,107,488  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     2,044,935               (15,503      (15,503

Dynamic Currency Hedged International SmallCap Equity Fund

     1,282,760        172,021        (72,697      99,324  

Dynamic Currency Hedged Japan Equity Fund

     4,771,386        574,645        (65,155      509,490  

Emerging Markets Dividend Fund

     5,228,714        309,587        (196,867      112,720  

Europe Local Recovery Fund

     3,737,940        213,230        (341,931      (128,701

Global Hedged SmallCap Dividend Fund

     19,105,791        4,847,309        (2,433      4,844,876  

Global SmallCap Dividend Fund

     24,297,552        4,135,120        (450,851      3,684,269  

Strong Dollar Emerging Markets Equity Fund

     9,364,655        937,248        (778,989      158,259  

Strong Dollar U.S. Equity Fund

     1,233,544        184,780        (53,571      131,209  

Weak Dollar U.S. Equity Fund

     1,227,117        138,918        (44,922      93,996  

Fundamental U.S. Corporate Bond Fund

     4,915,533        1,612        (107,890      (106,278

Fundamental U.S. High Yield Corporate Bond Fund

     4,930,947        175,193        (32,856      142,337  

Fundamental U.S. Short-Term Corporate Bond Fund

     4,948,984        315        (37,670      (37,355

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

     4,864,197        115,390        (36,403      78,987  

Dynamic Bearish U.S. Equity Fund

     3,766,783        224,062        (100,684      123,378  

Dynamic Long/Short U.S. Equity Fund

     29,563,085        1,862,899        (531,683      1,331,216  

7. RECENT ACCOUNTING PRONOUNCEMENTS

In August 2014, the FASB issued Accounting Standards Update No. 2014-15 (“ASU 2014-15”), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to assess an entity’s ability to continue as a going concern and to provide related disclosures in certain circumstances. Under the new standard, disclosures are required when conditions give rise to substantial doubt about an entity’s ability to continue as a going concern within one year from the financial statement issuance date. The new standard is effective for the annual period ending after December 15, 2016, and all annual and interim periods thereafter. WTAM has evaluated the impact that ASU 2014-15 will have on financial statement disclosures and determined that ASU 2014-15 will not have a significant impact on the Trust’s financial statements.

In May 2015, the FASB issued ASU 2015-07 Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or its Equivalent). This is an update to ASC 820. The amendments in this ASU remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. ASU 2015-07 also limits certain disclosures to investments for which the entity has elected to measure the fair value using the practical expedient. ASU 2015-07 will be effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years (earlier application is also permitted). WTAM has evaluated ASU 2015-07 and determined that there is no impact on the Trust’s financial statements.

 

134   WisdomTree Trust Semi-Annual Report December 31, 2016


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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 International Quality Dividend Growth Fund (the “Fund”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on September 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 the 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 the 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 Fund. 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 Fund. The Board noted that the strategy represented by the Fund is unique, based on WTI’s intellectual property and is only available for use by the Fund through WTAM. The Board noted WTAM’s belief that shareholders will invest in the Fund 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 Fund based on the WTI index. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Fund, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to the 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 Fund’s portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Fund. The Board also considered research support available to, and management capabilities of, the Fund’s 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 Fund’s Performance, Advisory Fees and Fund Expenses. As the Fund had not yet commenced operations, the Board was not able to review the Fund’s performance. The Board discussed with WTAM representatives the portfolio management team and the investment strategies to be employed in the management of the 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 the Fund. The Board examined the fee to be paid by the 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 the Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fee will be paid by WTAM (out of its fee paid by the Fund) and not the Fund. The Board considered the meaningful differences in the services that WTAM will provide to the Fund as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to the 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 Fund’s unitary fee structure, which includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of the 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2016      135   


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

 

Analysis of Profitability and Economies of Scale. As the Fund 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 Fund 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 Fund, the Board would seek to have those economies of scale shared with the Fund 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.

 

136   WisdomTree Trust Semi-Annual Report December 31, 2016


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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

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

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

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

Frequency Distribution of Discounts & Premiums

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

 

WisdomTree Trust Semi-Annual Report December 31, 2016      137   


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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 December 31, 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 Quality Dividend Growth Fund (DHDG)

 

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

 

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

WisdomTree Europe 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 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 High Dividend Fund (DEW)

 

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 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 Yield Enhanced U.S. Aggregate Bond Fund (AGGY)

 

WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund (AGND)

 

WisdomTree Barclays Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree Negative Duration High Yield Bond Fund (HYND)

 

WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

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

 

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

 

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

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

 

 

WisdomTree 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 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 Quality Dividend Growth Fund (DHDG)

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)

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

WTGM-2371


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Item 2. Code of Ethics.

Not applicable.

Item 3. Audit Committee Financial Expert.

Not applicable.

Item 4. Principal Accountant Fees and Services.

Not applicable.

Item 5. Audit Committee of Listed registrants.

Not applicable.

Item 6. Investments.

 

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

 

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.


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Item 10. Submission of Matters to a Vote of Security Holders.

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

Item 11. Controls and Procedures.

 

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

 

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

Item 12. Exhibits.

 

  (a)(1) Not applicable.

 

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

 

  (a)(3) Not applicable.

 

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


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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: March 7, 2017

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: March 7, 2017

 

By (Signature and Title)   

/s/ David Castano

  
   David Castano, Treasurer   
   (principal financial officer)   

Date: March 7, 2017