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WisdomTree Trust

Semi-Annual Report

September 30, 2022

 

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

WisdomTree U.S. ESG Fund (RESP)

WisdomTree U.S. Growth & Momentum Fund (WGRO)

WisdomTree U.S. High Dividend Fund (DHS)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

WisdomTree U.S. LargeCap Fund (EPS)

WisdomTree U.S. MidCap Dividend Fund (DON)

WisdomTree U.S. MidCap Fund (EZM)

WisdomTree U.S. Multifactor Fund (USMF)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

WisdomTree U.S. SmallCap Dividend Fund (DES)

WisdomTree U.S. SmallCap Fund (EES)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

WisdomTree U.S. Total Dividend Fund (DTD)

WisdomTree U.S. Value Fund (WTV)


Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Terms and Indexes (unaudited)

       17  
Schedules of Investments (unaudited)     

WisdomTree U.S. AI Enhanced Value Fund

       20  

WisdomTree U.S. ESG Fund

       23  

WisdomTree U.S. Growth & Momentum Fund

       28  

WisdomTree U.S. High Dividend Fund

       30  

WisdomTree U.S. LargeCap Dividend Fund

       35  

WisdomTree U.S. LargeCap Fund

       40  

WisdomTree U.S. MidCap Dividend Fund

       47  

WisdomTree U.S. MidCap Fund

       52  

WisdomTree U.S. Multifactor Fund

       60  

WisdomTree U.S. Quality Dividend Growth Fund

       64  

WisdomTree U.S. SmallCap Dividend Fund

       69  

WisdomTree U.S. SmallCap Fund

       78  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

       89  

WisdomTree U.S. Total Dividend Fund

       94  

WisdomTree U.S. Value Fund

       102  

Statements of Assets and Liabilities (unaudited)

       105  

Statements of Operations (unaudited)

       108  

Statements of Changes in Net Assets (unaudited)

       111  

Financial Highlights (unaudited)

       116  

Notes to Financial Statements (unaudited)

       124  

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

       134  

General Information (unaudited)

       137  

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


Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2022 to September 30, 2022. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      1  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    19.8%  

Health Care

    19.2%  

Industrials

    15.3%  

Information Technology

    14.7%  

Materials

    8.9%  

Consumer Staples

    7.4%  

Communication Services

    5.5%  

Consumer Discretionary

    3.4%  

Energy

    3.2%  

Real Estate

    1.0%  

Utilities

    0.8%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Old Republic International Corp.

    3.8%  

Brown & Brown, Inc.

    3.2%  

Medtronic PLC

    3.2%  

Kinder Morgan, Inc.

    2.9%  

Comcast Corp., Class A

    2.8%  

Roper Technologies, Inc.

    2.8%  

Element Solutions, Inc.

    2.7%  

Agilent Technologies, Inc.

    2.6%  

Intercontinental Exchange, Inc.

    2.6%  

Genpact Ltd.

    2.5%  
*

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

The WisdomTree U.S. AI Enhanced Value Fund (the “Fund”) seeks income and capital appreciation by investing primarily in equity securities selected from a universe of U.S. equities that exhibit value characteristics based on the selection results of a proprietary, quantitative artificial intelligence (“AI”) model developed by the Fund’s sub-adviser, Voya Investment Management Co., LLC. Prior to January 18, 2022, Fund performance reflects the investment objective of the Fund when it was the WisdomTree U.S. Dividend ex-Financials Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend ex-Financials Index (the “Former Index”). In seeking to track the Former Index, the Fund invested in high-dividend-yielding companies in the U.S. excluding the financials sector.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 834.20        0.38   $ 1.75  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.38   $ 1.93  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns1

     -16.58      -11.01      0.83      2.64      7.29

Fund Market Price Returns1

     -16.72      -11.15      0.80      2.64      7.28

Russell 1000 Value Index

     -17.14      -11.36      4.36      5.29      9.17
*

Returns of less than one year are cumulative.

 

1

The Fund’s investment objective changed effective January 18, 2022. Prior to January 18, 2022, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend ex-Financials Index.

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

 

2   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. ESG Fund (RESP)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    28.4%  

Health Care

    15.6%  

Consumer Discretionary

    12.1%  

Financials

    11.3%  

Communication Services

    8.5%  

Industrials

    8.4%  

Consumer Staples

    6.9%  

Utilities

    3.0%  

Real Estate

    3.0%  

Materials

    2.7%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    7.0%  

Microsoft Corp.

    5.6%  

Alphabet, Inc., Class A

    4.4%  

Amazon.com, Inc.

    2.7%  

Tesla, Inc.

    1.9%  

Visa, Inc., Class A

    1.4%  

UnitedHealth Group, Inc.

    1.2%  

MasterCard, Inc., Class A

    1.1%  

Johnson & Johnson

    1.1%  

Verizon Communications, 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 U.S. ESG Fund (the “Fund”) seeks capital appreciation. The Fund is actively managed using a model-based approach. The Fund seeks to achieve its investment objective by investing primarily in U.S. equity securities that exhibit certain characteristics believed to be indicative of positive future returns as well as incorporating favorable environmental, social, and governance(“ESG”) characteristics.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 801.40        0.28   $ 1.26  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.66        0.28   $ 1.42  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns1

     -19.86      -16.84      5.85      7.03      10.48

Fund Market Price Returns1

     -20.04      -16.94      5.79      7.02      10.48

MSCI USA Extended ESG Focus Index2

     -20.86      -18.07      8.37      N/A        N/A  

S&P 500® Index

     -20.20      -15.47      8.16      9.24      11.70
*

Returns of less than one year are cumulative.

 

1

The Fund’s name, investment objective and strategies changed effective March 16, 2020. Prior to March 16, 2020, Fund performance reflects the investment objective of the Fund when it was known as the WisdomTree U.S. Total Market Fund (EXT) and tracked the performance, before fees and expenses, of the WisdomTree U.S. Total Market Index.

 

2

The MSCI USA Extended ESG Focus Index began on March 27, 2018.

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

 

WisdomTree Trust      3  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. Growth & Momentum Fund (WGRO)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    25.5%  

Information Technology

    20.6%  

Health Care

    14.8%  

Materials

    9.9%  

Consumer Staples

    9.5%  

Consumer Discretionary

    8.5%  

Financials

    7.8%  

Communication Services

    3.3%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

World Wrestling Entertainment, Inc., Class A

    2.4%  

FTI Consulting, Inc.

    2.3%  

Merck & Co., Inc.

    2.3%  

Insight Enterprises, Inc.

    2.2%  

Hershey Co.

    2.2%  

CACI International, Inc., Class A

    2.2%  

Vertex Pharmaceuticals, Inc.

    2.1%  

AutoZone, Inc.

    2.1%  

Builders FirstSource, Inc.

    2.0%  

Hostess Brands, Inc.

    2.0%  
*

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

The WisdomTree U.S. Growth & Momentum Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the O’Neil Growth Index (the “Index”), which is comprised of mid- and large capitalization companies that provide exposure to high growth and momentum U.S. listed stocks. 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.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 807.00        0.55   $ 2.49  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.31        0.55   $ 2.79  

Performance

 

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

Fund NAV Returns

       -19.30      -28.11      -23.15

Fund Market Price Returns

       -19.51      -28.20      -23.15

O’Neil Growth Index

       -19.05      -27.69      -22.70

Russell 1000® Growth Index

       -23.77      -22.59      -16.44

MSCI USA Momentum Index

       -20.50      -23.57      -16.83
*

Returns of less than one year are cumulative.

 

1

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 24, 2021.

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

 

4   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. High Dividend Fund (DHS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Energy

    20.4%  

Health Care

    19.9%  

Consumer Staples

    17.2%  

Financials

    13.9%  

Utilities

    12.3%  

Communication Services

    3.9%  

Real Estate

    3.9%  

Industrials

    2.8%  

Information Technology

    2.5%  

Materials

    1.9%  

Consumer Discretionary

    0.9%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Exxon Mobil Corp.

    8.0%  

Chevron Corp.

    5.5%  

Pfizer, Inc.

    4.8%  

Coca-Cola Co.

    4.8%  

AbbVie, Inc.

    4.7%  

Philip Morris International, Inc.

    4.6%  

Altria Group, Inc.

    3.9%  

Merck & Co., Inc.

    3.5%  

Verizon Communications, Inc.

    3.5%  

Bristol-Myers Squibb Co.

    2.4%  
*

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

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 879.80        0.38   $ 1.79  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.38   $ 1.93  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -12.02      1.99      4.51      5.44      8.59

Fund Market Price Returns

     -12.16      1.88      4.51      5.47      8.59

WisdomTree U.S. High Dividend Index

     -11.88      2.43      4.93      5.84      8.99

Russell 1000® Value Index

     -17.14      -11.36      4.36      5.29      9.17

Russell 1000® Index

     -20.51      -17.22      7.95      9.00      11.60
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      5  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Health Care

    17.8%  

Consumer Staples

    15.5%  

Information Technology

    15.0%  

Financials

    12.8%  

Energy

    10.9%  

Industrials

    7.6%  

Utilities

    6.0%  

Consumer Discretionary

    5.1%  

Real Estate

    4.9%  

Communication Services

    2.4%  

Materials

    1.8%  

Investment Company

    0.0%

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.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Exxon Mobil Corp.

    4.3%  

Microsoft Corp.

    4.0%  

Apple, Inc.

    3.7%  

Johnson & Johnson

    3.4%  

Chevron Corp.

    2.6%  

JPMorgan Chase & Co.

    2.3%  

Pfizer, Inc.

    2.3%  

Coca-Cola Co.

    2.2%  

AbbVie, Inc.

    2.2%  

Philip Morris International, Inc.

    2.1%  
*

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

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 851.90        0.28   $ 1.30  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.66        0.28   $ 1.42  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -14.81      -5.21      6.36      7.68      10.17

Fund Market Price Returns

     -14.93      -5.29      6.35      7.69      10.17

WisdomTree U.S. LargeCap Dividend Index

     -14.73      -4.87      6.70      8.00      10.50

S&P 500® Index

     -20.20      -15.47      8.16      9.24      11.70

Russell 1000® Value Index

     -17.14      -11.36      4.36      5.29      9.17

Russell 1000 Index

     -20.51      -17.22      7.95      9.00      11.60
*

Returns of less than one year are cumulative.

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

 

6   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. LargeCap Fund (EPS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    22.3%  

Financials

    15.9%  

Health Care

    15.6%  

Communication Services

    11.2%  

Consumer Discretionary

    9.5%  

Consumer Staples

    7.1%  

Industrials

    6.6%  

Energy

    4.9%  

Utilities

    2.8%  

Materials

    2.5%  

Real Estate

    1.4%  

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.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    6.2%  

Alphabet, Inc., Class A

    4.5%  

Microsoft Corp.

    4.0%  

Amazon.com, Inc.

    3.3%  

Meta Platforms, Inc., Class A

    2.7%  

JPMorgan Chase & Co.

    2.1%  

Exxon Mobil Corp.

    1.6%  

Bank of America Corp.

    1.6%  

Berkshire Hathaway, Inc., Class B

    1.6%  

Pfizer, Inc.

    1.3%  
*

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

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 803.20        0.08   $ 0.36  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.67        0.08   $ 0.41  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -19.68      -15.07      6.59      7.73      10.80

Fund Market Price Returns

     -19.85      -15.18      6.56      7.74      10.82

WisdomTree U.S. LargeCap Index

     -19.72      -15.09      6.67      7.89      11.04

S&P 500® Index

     -20.20      -15.47      8.16      9.24      11.70

S&P 500® Value Index

     -16.43      -9.63      5.11      6.17      9.63

Russell 1000 Index

     -20.51      -17.22      7.95      9.00      11.60
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      7  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. MidCap Dividend Fund (DON)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.6%  

Industrials

    12.4%  

Consumer Discretionary

    11.2%  

Utilities

    10.7%  

Energy

    9.5%  

Materials

    9.1%  

Real Estate

    8.8%  

Consumer Staples

    5.5%  

Health Care

    3.2%  

Communication Services

    2.9%  

Information Technology

    2.8%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Cardinal Health, Inc.

    1.6%  

Evergy, Inc.

    1.5%  

Continental Resources, Inc.

    1.4%  

Conagra Brands, Inc.

    1.3%  

Coterra Energy, Inc.

    1.2%  

Omnicom Group, Inc.

    1.1%  

Fidelity National Financial, Inc.

    1.1%  

Campbell Soup Co.

    1.1%  

OGE Energy Corp.

    1.0%  

J.M. Smucker Co.

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 862.70        0.38   $ 1.77  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.38   $ 1.93  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -13.73      -6.75      3.98      5.12      9.99

Fund Market Price Returns

     -13.93      -6.93      3.94      5.10      9.97

WisdomTree U.S. MidCap Dividend Index

     -13.64      -6.41      4.33      5.47      10.35

S&P MidCap 400® Index

     -17.50      -15.25      6.01      5.82      10.04

Russell MidCap Value Index

     -18.88      -13.56      4.50      4.76      9.44

Russell Midcap Index

     -19.71      -19.39      5.19      6.48      10.30
*

Returns of less than one year are cumulative.

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

 

8   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. MidCap Fund (EZM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.7%  

Consumer Discretionary

    16.8%  

Industrials

    14.9%  

Information Technology

    10.9%  

Health Care

    8.1%  

Materials

    7.7%  

Energy

    6.3%  

Utilities

    3.9%  

Real Estate

    3.8%  

Consumer Staples

    3.5%  

Communication Services

    2.8%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    -0.5%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

NRG Energy, Inc.

    1.0%  

Ovintiv, Inc.

    1.0%  

Unum Group

    0.9%  

Dick’s Sporting Goods, Inc.

    0.8%  

First Horizon Corp.

    0.8%  

APA Corp.

    0.8%  

Reliance Steel & Aluminum Co.

    0.8%  

Chesapeake Energy Corp.

    0.8%  

Cleveland-Cliffs, Inc.

    0.8%  

Jefferies Financial Group, Inc.

    0.8%  
*

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

The WisdomTree U.S. MidCap Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Index (the “Index”). In seeking to track the Index, the Fund invests in earnings-generating mid-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 810.60        0.38   $ 1.72  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.38   $ 1.93  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -18.94      -14.35      5.32      4.97      9.84

Fund Market Price Returns

     -19.15      -14.53      5.26      4.93      9.83

WisdomTree U.S. MidCap Index

     -18.82      -14.08      5.67      5.33      10.18

S&P MidCap 400® Index

     -17.50      -15.25      6.01      5.82      10.04

Russell Midcap Value Index

     -18.88      -13.56      4.50      4.76      9.44

Russell Midcap Index

     -19.71      -19.39      5.19      6.48      10.30
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      9  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. Multifactor Fund (USMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    27.4%  

Health Care

    14.5%  

Consumer Discretionary

    11.5%  

Financials

    11.0%  

Industrials

    8.2%  

Communication Services

    8.0%  

Consumer Staples

    6.4%  

Energy

    4.5%  

Real Estate

    2.9%  

Utilities

    2.9%  

Materials

    2.5%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Jack Henry & Associates, Inc.

    1.5%  

International Business Machines Corp.

    1.5%  

Akamai Technologies, Inc.

    1.3%  

Switch, Inc., Class A

    1.3%  

Dolby Laboratories, Inc., Class A

    1.2%  

Cognizant Technology Solutions Corp., Class A

    1.2%  

Black Knight, Inc.

    1.1%  

Fiserv, Inc.

    1.1%  

ExlService Holdings, Inc.

    1.1%  

Arrow Electronics, Inc.

    1.1%  
*

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

The WisdomTree U.S. Multifactor Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index (the “Index”). In seeking to track the Index, the Fund invests in U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 842.80        0.28   $ 1.29  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.66        0.28   $ 1.42  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

     -15.72      -10.68      5.69      7.25      7.94

Fund Market Price Returns

     -15.82      -10.78      5.64      7.25      7.91

WisdomTree U.S. Multifactor Index

     -15.63      -10.45      5.88      7.43      8.10

S&P 500® Index

     -20.20      -15.47      8.16      9.24      9.71

S&P 500® Equal Weight Index

     -18.46      -13.53      7.68      8.02      8.40

Russell 3000 Index

     -20.42      -17.63      7.70      8.62      9.13
*

Returns of less than one year are cumulative.

 

1

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on June 29, 2017.

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

 

10   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.6%  

Consumer Staples

    20.0%  

Health Care

    19.5%  

Industrials

    17.3%  

Consumer Discretionary

    10.1%  

Financials

    4.5%  

Materials

    2.1%  

Communication Services

    2.0%  

Energy

    1.6%  

Real Estate

    0.8%  

Utilities

    0.3%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Johnson & Johnson

    5.4%  

Apple, Inc.

    4.9%  

Microsoft Corp.

    4.2%  

Merck & Co., Inc.

    3.9%  

Coca-Cola Co.

    3.6%  

Philip Morris International, Inc.

    3.4%  

Procter & Gamble Co.

    3.3%  

UnitedHealth Group, Inc.

    2.9%  

Altria Group, Inc.

    2.9%  

PepsiCo, Inc.

    2.8%  
*

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

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 857.10        0.28   $ 1.30  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.66        0.28   $ 1.42  

Performance

 

   
     Average Annual Total Return  
     6-Month*     1 Year     3 Year     5 Year     Since Inception1  

Fund NAV Returns

    -14.29     -6.55     8.35     9.50     10.92

Fund Market Price Returns

    -14.40     -6.64     8.34     9.51     10.92

WisdomTree U.S. Quality Dividend Growth Index

    -14.21     -6.33     8.67     9.81     11.24

NASDAQ U.S. Dividend Achievers TM Select Index

    -16.13     -10.69     6.09     9.38     9.71

S&P 500® Index

    -20.20     -15.47     8.16     9.24     10.71

Russell 3000 Index

    -20.42     -17.63     7.70     8.62     10.30
*

Returns of less than one year are cumulative.

 

1

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on May 22, 2013.

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

 

WisdomTree Trust      11  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. SmallCap Dividend Fund (DES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.9%  

Industrials

    16.3%  

Utilities

    11.2%  

Consumer Discretionary

    10.0%  

Real Estate

    8.7%  

Consumer Staples

    6.3%  

Materials

    6.3%  

Information Technology

    4.6%  

Energy

    3.9%  

Communication Services

    3.5%  

Health Care

    2.0%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

South Jersey Industries, Inc.

    1.5%  

Cogent Communications Holdings, Inc.

    1.2%  

Spire, Inc.

    1.1%  

New Jersey Resources Corp.

    1.1%  

Greif, Inc., Class A

    1.0%  

ONE Gas, Inc.

    1.0%  

MSC Industrial Direct Co., Inc., Class A

    1.0%  

NorthWestern Corp.

    0.9%  

Xerox Holdings Corp.

    0.9%  

Avista Corp.

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 820.80        0.38   $ 1.73  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.38   $ 1.93  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -17.92      -13.96      0.76      1.18      7.47

Fund Market Price Returns

     -18.02      -14.03      0.74      1.18      7.45

WisdomTree U.S. SmallCap Dividend Index

     -17.85      -13.71      1.14      1.53      7.71

Russell 2000® Index

     -19.01      -23.50      4.29      3.55      8.55

Russell 2000® Value Index

     -19.18      -17.69      4.72      2.87      7.94

S&P SmallCap 600 Index

     -18.58      -18.83      5.48      4.84      10.09

* Returns of less than one year are cumulative.

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

 

12   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. SmallCap Fund (EES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.6%  

Industrials

    15.9%  

Consumer Discretionary

    15.5%  

Information Technology

    9.8%  

Health Care

    9.7%  

Consumer Staples

    5.1%  

Energy

    4.4%  

Materials

    4.4%  

Communication Services

    3.4%  

Real Estate

    3.1%  

Utilities

    1.7%  

Investment Company

    0.4%  

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.

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Chord Energy Corp.

    1.2%  

Mr. Cooper Group, Inc.

    1.0%  

Sage Therapeutics, Inc.

    0.8%  

Atlas Air Worldwide Holdings, Inc.

    0.8%  

Boise Cascade Co.

    0.8%  

Comstock Resources, Inc.

    0.8%  

Flagstar Bancorp, Inc.

    0.6%  

Genworth Financial, Inc., Class A

    0.6%  

Ironwood Pharmaceuticals, Inc.

    0.6%  

Agios Pharmaceuticals, Inc.

    0.6%  
*

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

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 822.20        0.38   $ 1.74  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.38   $ 1.93  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -17.78      -17.57      4.74      3.83      9.15

Fund Market Price Returns

     -17.92      -17.71      4.73      3.81      9.13

WisdomTree U.S. SmallCap Index

     -17.73      -17.36      5.05      4.12      9.38

Russell 2000® Index

     -19.01      -23.50      4.29      3.55      8.55

Russell 2000 Value Index

     -19.18      -17.69      4.72      2.87      7.94

S&P SmallCap 600 Index

     -18.58      -18.83      5.48      4.84      10.09
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      13  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    24.3%  

Financials

    21.5%  

Consumer Discretionary

    12.8%  

Utilities

    10.9%  

Materials

    9.1%  

Consumer Staples

    5.9%  

Information Technology

    5.4%  

Health Care

    3.5%  

Real Estate

    2.6%  

Communication Services

    2.2%  

Energy

    1.6%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Spire, Inc.

    2.0%  

EPR Properties

    2.0%  

ONE Gas, Inc.

    1.9%  

MSC Industrial Direct Co., Inc., Class A

    1.8%  

Xerox Holdings Corp.

    1.7%  

Avista Corp.

    1.6%  

Artisan Partners Asset Management, Inc., Class A

    1.6%  

ALLETE, Inc.

    1.6%  

Federated Hermes, Inc.

    1.4%  

Cabot Corp.

    1.4%  
*

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

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 816.40        0.38   $ 1.73  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.38   $ 1.93  

Performance

 

   
     Average Annual Total Return  
     6-Month*     1 Year     3 Year     5 Year     Since Inception1  

Fund NAV Returns

    -18.36     -16.85     2.94     3.38     6.45

Fund Market Price Returns

    -18.43     -16.93     2.92     3.35     6.42

WisdomTree U.S. SmallCap Quality Dividend Growth Index

    -18.25     -16.53     3.30     3.72     6.75

Russell 2000® Index

    -19.01     -23.50     4.29     3.55     6.51

S&P SmallCap 600® Index

    -18.58     -18.83     5.48     4.84     8.11
*

Returns of less than one year are cumulative.

 

1

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 25, 2013.

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

 

14   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. Total Dividend Fund (DTD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Health Care

    16.1%  

Financials

    15.1%  

Consumer Staples

    14.5%  

Information Technology

    13.7%  

Energy

    10.6%  

Industrials

    8.2%  

Utilities

    6.6%  

Consumer Discretionary

    5.7%  

Real Estate

    4.3%  

Communication Services

    2.5%  

Materials

    2.4%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Exxon Mobil Corp.

    3.8%  

Microsoft Corp.

    3.6%  

Apple, Inc.

    3.3%  

Johnson & Johnson

    3.1%  

Chevron Corp.

    2.3%  

JPMorgan Chase & Co.

    2.1%  

Pfizer, Inc.

    2.0%  

Coca-Cola Co.

    2.0%  

AbbVie, Inc.

    2.0%  

Philip Morris International, Inc.

    1.9%  
*

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

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

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 853.40        0.28   $ 1.30  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.66        0.28   $ 1.42  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

     -14.66      -5.24      5.82      7.13      10.04

Fund Market Price Returns

     -14.80      -5.37      5.79      7.13      10.03

WisdomTree U.S. Dividend Index

     -14.58      -5.00      6.13      7.42      10.35

Russell 3000® Index

     -20.42      -17.63      7.70      8.62      11.39

Russell 3000® Value Index

     -17.27      -11.79      4.37      5.11      9.08
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      15  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree U.S. Value Fund (WTV)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    28.0%  

Health Care

    13.9%  

Consumer Discretionary

    12.2%  

Industrials

    10.9%  

Information Technology

    10.2%  

Energy

    8.2%  

Communication Services

    7.7%  

Materials

    6.2%  

Consumer Staples

    2.0%  

Utilities

    0.5%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Cigna Corp.

    1.8%  

Allstate Corp.

    1.7%  

Credit Acceptance Corp.

    1.6%  

Cardinal Health, Inc.

    1.4%  

Apple, Inc.

    1.4%  

Goldman Sachs Group, Inc.

    1.4%  

Aflac, Inc.

    1.3%  

Marathon Petroleum Corp.

    1.3%  

Lumen Technologies, Inc.

    1.3%  

Williams Cos., Inc.

    1.3%  
*

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

The WisdomTree U.S. Value Fund (the “Fund”) is actively managed using a model-based approach seeking income and capital appreciation by investing primarily in U.S. equity securities that provide a high total shareholder yield with favorable relative quality characteristics.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 839.90        0.12   $ 0.55  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.47        0.12   $ 0.61  

Performance

 

   
      Average Annual Total Return  
      6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns1

     -16.01      -12.16      7.29      7.99      10.04

Fund Market Price Returns1

     -16.18      -12.29      7.25      8.00      10.04

Russell 1000® Value Index

     -17.14      -11.36      4.36      5.29      9.17
*

Returns of less than one year are cumulative.

 

1

The Fund’s investment objective changed effective December 18, 2017. Prior to December 18, 2017, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Value Index.

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

 

16   WisdomTree Trust


Description of Terms and Indexes (unaudited)

Below are descriptions of certain terms and of each Index referenced in this report:

Correlation is a statistical measure of how two sets of returns move in relation to each other. Correlation coefficients range from -1 to 1. A correlation of 1 means the two subjects of analysis move in lockstep with each other. A correlation of -1 means the two subjects of analysis have moved in exactly the opposite direction.

Factors generally are attributes that are based on its fundamentals or share price

behavior.

Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.

Momentum is generally characterized by assets with recent price increase trends over time. This term is also associated with the momentum factor which associates these stock characteristics with excess return vs. the market over time.

The MSCI USA Extended ESG Focus Index is designed to maximize exposure to positive environmental, social and governance (ESG) factors while exhibiting risk and return characteristics similar to those of the MSCI USA Index, its parent index.

The MSCI USA Momentum Index is designed to reflect the performance of an equity momentum strategy by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index

turnover.

The NASDAQ U.S. Dividend AchieversTM Select Index is a capitalization-weighted index that measures the performance of U.S. common stocks that have a history of increasing dividends for at least ten consecutive years.

The O’Neil Growth Index is comprised of mid- and large-cap companies that provide exposure to high growth and momentum U.S. exchange-listed companies.

Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.

Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.

Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.

The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe.

The Russell 1000® Index represents the top 1,000 companies by market capitalization in the United States.

The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.

The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.

The Russell 2000® Value Index is a capitalization-weighted index that is comprised of the small-capitalization value segment of the U.S. equity universe, selecting from the Russell 2000 Index.

The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.

The Russell 3000® Value Index is a capitalization-weighted index that measures the performance of the value segment of the broad U.S. equity market, selecting from the Russell 3000 Index.

 

WisdomTree Trust      17  


Description of Terms and Indexes (unaudited) (continued)

 

The Russell MidCap® Index is a market capitalization-weighted index that is comprised of the smallest 800 stocks of the Russell 1000 Index.

The Russell MidCap® Value Index is a capitalization-weighted index that measures the midcap value segment of the U.S. equity universe, selecting from the Russell MidCap Index.

The S&P 500® Equal Weight Index is the equal-weight version of the widely used S&P 500® Index. The index includes the same constituents as the capitalization-weighted S&P 500 Index, but each company is allocated a fixed weight - or 0.2% of the index total at each quarterly rebalance.

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

The S&P 500® Value Index is an index comprised of S&P 500 Index constituents that screen favorably on measures of value such as book value, earnings, and sales to price.

The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.

The S&P SmallCap 600® Index seeks to measure the small-cap segment of the U.S. equity market. The index is designed to track companies that meet specific inclusion criteria to ensure that they are liquid and financially viable.

Shareholder Yield generally refers to a data point that references a combination of dividend yield and buyback yield.

Value is generally characterized by lower price levels relative to fundamentals, such as earnings or dividends. Prices are lower because investors are less certain of the performance of these fundamentals in the future. This term is also related to the value factor, which associates these stock characteristics with excess returns vs. the market over time.

Volatility is a statistical measure of the dispersion of returns for a given security or market index around a particular average level. If the price stays relatively stable, the security has low volatility. A highly volatile security hits new highs and lows quickly, moves erratically, and has rapid increases and dramatic falls.

The WisdomTree U.S. Dividend Index defines the dividend-paying portion of the U.S. stock market.

The WisdomTree U.S. High Dividend Index is comprised of companies with high dividend yields, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. LargeCap Dividend Index is comprised of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. LargeCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the large-capitalization segment of the U.S. stock market.

The WisdomTree U.S. MidCap Dividend Index is comprised of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. MidCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.

The WisdomTree U.S. Multifactor Index is comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

The WisdomTree U.S. Quality Dividend Growth Index is comprised of dividend-paying stocks with growth characteristics.

 

18   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

 

The WisdomTree U.S. SmallCap Dividend Index is comprised of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree U.S. Dividend Index.

The WisdomTree U.S. SmallCap Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the small-capitalization segment of the U.S. stock market.

The WisdomTree U.S. SmallCap Quality Dividend Growth Index is comprised of the small-capitalization segment of dividend-paying stocks with growth characteristics.

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

The Dow Jones U.S. Select Dividend Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc., and is licensed for use by WisdomTree, 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, 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 is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree 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 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.

 

WisdomTree Trust      19  


Schedule of Investments (unaudited)

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

September 30, 2022

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
United States – 96.4%      
Aerospace & Defense – 1.3%      

Curtiss-Wright Corp.

     10,652      $ 1,482,332  

HEICO Corp.

     15,729        2,264,662  

Textron, Inc.

     20,946        1,220,314  
     

 

 

 
Total Aerospace & Defense               4,967,308  
Auto Components – 1.2%      

Gentex Corp.

     191,517        4,565,765  
Banks – 4.5%      

Bank of America Corp.

     213,819        6,457,334  

Citigroup, Inc.

     198,988        8,291,830  

U.S. Bancorp

     62,071        2,502,702  
     

 

 

 
Total Banks               17,251,866  
Beverages – 1.0%      

Keurig Dr. Pepper, Inc.

     107,401        3,847,104  
Biotechnology – 2.4%      

Gilead Sciences, Inc.

     150,282        9,270,897  
Building Products – 1.5%      

Allegion PLC

     21,067        1,889,289  

Carrier Global Corp.

     27,834        989,777  

Johnson Controls International PLC

     34,593        1,702,668  

Masco Corp.

     21,405        999,399  
     

 

 

 
Total Building Products               5,581,133  
Capital Markets – 5.3%      

CME Group, Inc.

     36,071        6,389,256  

Franklin Resources, Inc.

     41,767        898,826  

Intercontinental Exchange, Inc.

     108,400        9,793,940  

Janus Henderson Group PLC

     48,394        982,882  

SEI Investments Co.

     19,906        976,389  

Stifel Financial Corp.

     21,296        1,105,476  
     

 

 

 
Total Capital Markets               20,146,769  
Chemicals – 8.1%      

Axalta Coating Systems Ltd.*

     59,200        1,246,752  

Celanese Corp.

     10,215        922,823  

Dow, Inc.

     23,058        1,012,938  

Eastman Chemical Co.

     84,237        5,985,039  

Ecolab, Inc.

     6,912        998,231  

Element Solutions, Inc.

     632,202        10,285,927  

Huntsman Corp.

     41,969        1,029,919  

PPG Industries, Inc.

     69,629        7,707,234  

Valvoline, Inc.

     55,435        1,404,723  
     

 

 

 
Total Chemicals               30,593,586  
Communications Equipment – 1.0%      

Cisco Systems, Inc.

     95,446        3,817,840  
Containers & Packaging – 0.8%      

Amcor PLC

     217,590        2,334,741  

International Paper Co.

     26,162        829,335  
     

 

 

 
Total Containers & Packaging               3,164,076  
Distributors – 0.8%      

LKQ Corp.

     66,289      3,125,526  
Electrical Equipment – 1.3%      

AMETEK, Inc.

     34,072        3,864,105  

Eaton Corp. PLC

     7,969        1,062,746  
     

 

 

 
Total Electrical Equipment               4,926,851  
Electronic Equipment, Instruments & Components – 0.5%

 

  

Corning, Inc.

     71,068        2,062,393  
Entertainment – 0.3%      

Playtika Holding Corp.*(a)

     103,405        970,973  
Equity Real Estate Investment Trusts (REITs) – 1.0%

 

  

First Industrial Realty Trust, Inc.

     22,344        1,001,235  

Medical Properties Trust, Inc.

     163,962        1,944,589  

SBA Communications Corp.

     3,348        953,008  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     3,898,832  
Food & Staples Retailing – 0.3%      

Walmart, Inc.

     8,215        1,065,486  
Food Products – 2.4%      

Conagra Brands, Inc.

     34,205        1,116,109  

Flowers Foods, Inc.

     127,632        3,151,234  

Mondelez International, Inc., Class A

     88,010        4,825,589  
     

 

 

 
Total Food Products               9,092,932  
Gas Utilities – 0.8%      

UGI Corp.

     92,622        2,994,469  
Health Care Equipment & Supplies – 12.0%      

Abbott Laboratories

     43,278        4,187,579  

Baxter International, Inc.

     128,101        6,899,520  

Becton Dickinson and Co.

     4,314        961,289  

Boston Scientific Corp.*

     63,749        2,468,999  

Dentsply Sirona, Inc.

     97,024        2,750,630  

Globus Medical, Inc., Class A*

     36,792        2,191,699  

Integra LifeSciences Holdings Corp.*

     71,206        3,016,286  

Medtronic PLC

     148,616        12,000,742  

Stryker Corp.

     18,254        3,697,165  

Zimmer Biomet Holdings, Inc.

     70,050        7,323,728  
     

 

 

 
Total Health Care Equipment & Supplies               45,497,637  
Hotels, Restaurants & Leisure – 1.4%      

Starbucks Corp.

     48,699        4,103,378  

Wendy’s Co.

     59,041        1,103,476  
     

 

 

 
Total Hotels, Restaurants & Leisure               5,206,854  
Household Products – 1.1%      

Church & Dwight Co., Inc.

     13,007        929,220  

Colgate-Palmolive Co.

     27,844        1,956,041  

Reynolds Consumer Products, Inc.(a)

     48,342        1,257,376  
     

 

 

 
Total Household Products               4,142,637  
Industrial Conglomerates – 2.4%      

3M Co.

     42,731        4,721,776  

Honeywell International, Inc.

     26,452        4,416,690  
     

 

 

 
Total Industrial Conglomerates               9,138,466  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

September 30, 2022

 

 

 

Investments    Shares      Value  
Insurance – 9.5%      

Allstate Corp.

     70,121      $ 8,732,168  

Brown & Brown, Inc.

     198,979        12,034,250  

First American Financial Corp.

     21,167        975,799  

Old Republic International Corp.

     688,014        14,400,133  
     

 

 

 
Total Insurance               36,142,350  
IT Services – 5.4%      

Fidelity National Information Services, Inc.

     11,917        900,568  

Genpact Ltd.

     217,864        9,535,907  

Global Payments, Inc.

     15,777        1,704,705  

SS&C Technologies Holdings, Inc.

     152,315        7,273,041  

Western Union Co.

     73,472        991,872  
     

 

 

 
Total IT Services               20,406,093  
Life Sciences Tools & Services – 3.2%      

Agilent Technologies, Inc.

     81,845        9,948,260  

Bruker Corp.

     24,110        1,279,276  

IQVIA Holdings, Inc.*

     5,120        927,437  
     

 

 

 
Total Life Sciences Tools & Services               12,154,973  
Machinery – 5.9%      

Allison Transmission Holdings, Inc.

     32,432        1,094,905  

Donaldson Co., Inc.

     79,729        3,907,518  

Dover Corp.

     9,062        1,056,448  

Fortive Corp.

     127,231        7,417,567  

Gates Industrial Corp. PLC*

     101,572        991,343  

Otis Worldwide Corp.

     100,714        6,425,553  

Toro Co.

     15,756        1,362,579  
     

 

 

 
Total Machinery               22,255,913  
Media – 5.2%      

Charter Communications, Inc., Class A*

     4,539        1,376,906  

Comcast Corp., Class A

     361,047        10,589,508  

Fox Corp., Class A

     31,857        977,373  

Sirius XM Holdings, Inc.(a)

     1,208,650        6,901,391  
     

 

 

 
Total Media               19,845,178  
Mortgage Real Estate Investment Trusts (REITs) – 0.4%

 

  

AGNC Investment Corp.

     112,986        951,342  

Annaly Capital Management, Inc.

     42,204        724,216  
     

 

 

 
Total Mortgage Real Estate Investment Trusts (REITs)

 

     1,675,558  
Oil, Gas & Consumable Fuels – 3.2%      

Kinder Morgan, Inc.

     665,677        11,076,865  

Williams Cos., Inc.

     31,997        916,074  
     

 

 

 
Total Oil, Gas & Consumable Fuels               11,992,939  
Road & Rail – 1.8%      

CSX Corp.

     261,464        6,965,401  
Semiconductors & Semiconductor Equipment – 2.1%

 

  

Intel Corp.

     311,102        8,017,099  
Software – 5.0%      

Dolby Laboratories, Inc., Class A

     14,867        968,585  

Dropbox, Inc., Class A*

     278,959        5,780,030  

Palantir Technologies, Inc., Class A*

     220,028        1,788,828  

Roper Technologies, Inc.

     29,319        10,544,285  
     

 

 

 
Total Software               19,081,728  
Technology Hardware, Storage & Peripherals – 0.6%

 

  

Hewlett Packard Enterprise Co.

     188,949      2,263,609  
Tobacco – 2.7%      

Altria Group, Inc.

     173,754        7,016,187  

Philip Morris International, Inc.

     36,945        3,066,804  
     

 

 

 
Total Tobacco               10,082,991  
Total United States               366,213,232  
Netherlands – 1.6%      
Life Sciences Tools & Services – 1.6%      

QIAGEN NV*

     146,683        6,055,074  
United Kingdom – 1.2%      
Machinery – 1.2%      

Pentair PLC

     108,641        4,414,084  
TOTAL COMMON STOCKS
(Cost: $461,198,841)
              376,682,390  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
iShares Russell 1000 Value ETF
(Cost: $862,976)
     5,781        786,158  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.1%

 

United States – 2.1%      

State Street Navigator Securities Lending Government Money Market Portfolio, 3.07%(b)

     
(Cost: $8,005,264)      8,005,264        8,005,264  
TOTAL INVESTMENTS IN SECURITIES – 101.5%
(Cost: $470,067,081)
        385,473,812  

Other Assets less Liabilities – (1.5)%

        (5,825,882
     

 

 

 
NET ASSETS – 100.0%             $ 379,647,930  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $9,129,740 and the total market value of the collateral held by the Fund was $9,565,419. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,560,155.

 

(b) 

Rate shown represents annualized 7-day yield as of September 30, 2022.

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. AI Enhanced Value Fund (AIVL)

September 30, 2022

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

   $ 376,682,390      $      $      $ 376,682,390  

Exchange-Traded Fund

     786,158                      786,158  

Investment of Cash Collateral for Securities Loaned

            8,005,264               8,005,264  

Total Investments in Securities

   $ 377,468,548      $ 8,005,264      $      $ 385,473,812  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (unaudited)

WisdomTree U.S. ESG Fund (RESP)

September 30, 2022

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.9%

 

Air Freight & Logistics – 1.1%

 

C.H. Robinson Worldwide, Inc.

     846      $ 81,478  

Expeditors International of Washington, Inc.

     992        87,604  

FedEx Corp.

     1,052        156,190  

United Parcel Service, Inc., Class B

     2,228        359,911  
     

 

 

 
Total Air Freight & Logistics

 

     685,183  
Airlines – 0.2%

 

Alaska Air Group, Inc.*

     3,206        125,515  
Auto Components – 0.1%

 

BorgWarner, Inc.

     2,880        90,432  
Automobiles – 2.7%

 

Ford Motor Co.

     15,141        169,579  

General Motors Co.

     6,138        196,968  

Harley-Davidson, Inc.

     3,249        113,325  

Tesla, Inc.*

     4,623        1,226,251  
     

 

 

 
Total Automobiles

 

     1,706,123  
Banks – 4.0%

 

Bank of America Corp.

     14,835        448,017  

Citigroup, Inc.

     5,265        219,393  

Comerica, Inc.

     1,699        120,799  

Commerce Bancshares, Inc.

     1,136        75,158  

Fifth Third Bancorp

     4,885        156,125  

First Horizon Corp.

     4,432        101,493  

JPMorgan Chase & Co.

     5,115        534,517  

KeyCorp

     8,945        143,299  

PNC Financial Services Group, Inc.

     1,465        218,900  

Regions Financial Corp.

     7,187        144,243  

Truist Financial Corp.

     3,819        166,279  

U.S. Bancorp

     4,198        169,263  
     

 

 

 
Total Banks

 

     2,497,486  
Beverages – 1.5%

 

Brown-Forman Corp., Class B

     2,242        149,250  

Constellation Brands, Inc., Class A

     514        118,055  

Keurig Dr. Pepper, Inc.

     5,123        183,506  

Molson Coors Beverage Co., Class B

     2,542        121,991  

PepsiCo, Inc.

     2,455        400,803  
     

 

 

 
Total Beverages

 

     973,605  
Biotechnology – 3.1%

 

AbbVie, Inc.

     3,257        437,122  

Amgen, Inc.

     1,229        277,017  

Biogen, Inc.*

     926        247,242  

Exelixis, Inc.*

     2,194        34,402  

Gilead Sciences, Inc.

     3,790        233,805  

Halozyme Therapeutics, Inc.*

     1,539        60,852  

Incyte Corp.*

     1,069        71,238  

Moderna, Inc.*

     901        106,543  

Regeneron Pharmaceuticals, Inc.*

     356        245,238  

United Therapeutics Corp.*

     253        52,973  

Vertex Pharmaceuticals, Inc.*

     618        178,936  
     

 

 

 
Total Biotechnology

 

     1,945,368  
Building Products – 1.2%

 

A.O. Smith Corp.

     1,678      81,517  

Carlisle Cos., Inc.

     319        89,451  

Carrier Global Corp.

     4,317        153,513  

Lennox International, Inc.

     557        124,027  

Masco Corp.

     2,576        120,273  

Owens Corning

     2,306        181,275  
     

 

 

 
Total Building Products

 

     750,056  
Capital Markets – 2.2%

 

Ameriprise Financial, Inc.

     523        131,770  

Bank of New York Mellon Corp.

     4,586        176,652  

Cboe Global Markets, Inc.

     500        58,685  

Franklin Resources, Inc.

     4,575        98,454  

Goldman Sachs Group, Inc.

     817        239,422  

Houlihan Lokey, Inc.

     541        40,780  

LPL Financial Holdings, Inc.

     575        125,626  

Morgan Stanley

     3,685        291,152  

Northern Trust Corp.

     1,755        150,158  

SEI Investments Co.

     1,475        72,349  
     

 

 

 
Total Capital Markets

 

     1,385,048  
Chemicals – 1.6%

 

CF Industries Holdings, Inc.

     1,728        166,320  

Corteva, Inc.

     3,968        226,771  

Dow, Inc.

     5,454        239,594  

Huntsman Corp.

     6,093        149,522  

Mosaic Co.

     3,155        152,481  

Westlake Corp.

     829        72,024  
     

 

 

 
Total Chemicals

 

     1,006,712  
Commercial Services & Supplies – 0.9%

 

Clean Harbors, Inc.*

     846        93,043  

Republic Services, Inc.

     1,406        191,272  

Waste Management, Inc.

     1,615        258,739  
     

 

 

 
Total Commercial Services & Supplies

 

     543,054  
Communications Equipment – 0.8%

 

Cisco Systems, Inc.

     12,236        489,440  
Construction & Engineering – 0.4%

 

AECOM

     1,732        118,417  

EMCOR Group, Inc.

     1,386        160,055  
     

 

 

 
Total Construction & Engineering

 

     278,472  
Consumer Finance – 1.0%

 

Ally Financial, Inc.

     2,815        78,342  

American Express Co.

     1,910        257,678  

Capital One Financial Corp.

     1,567        144,430  

Discover Financial Services

     988        89,829  

Synchrony Financial

     3,086        86,994  
     

 

 

 
Total Consumer Finance

 

     657,273  
Containers & Packaging – 0.4%

 

Packaging Corp. of America

     992        111,392  

Sonoco Products Co.

     2,731        154,929  
     

 

 

 
Total Containers & Packaging

 

     266,321  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (unaudited) (continued)

WisdomTree U.S. ESG Fund (RESP)

September 30, 2022

 

 

 

Investments    Shares      Value  
Distributors – 0.2%

 

Genuine Parts Co.

     501      $ 74,809  

LKQ Corp.

     1,257        59,268  
     

 

 

 
Total Distributors

 

     134,077  
Diversified Consumer Services – 0.4%

 

ADT, Inc.

     12,978        97,205  

H&R Block, Inc.

     1,780        75,721  

Service Corp. International

     943        54,449  
     

 

 

 
Total Diversified Consumer Services

 

     227,375  
Diversified Financial Services – 0.2%

 

Voya Financial, Inc.

     2,460        148,830  
Diversified Telecommunication Services – 1.5%

 

AT&T, Inc.

     27,353        419,595  

Verizon Communications, Inc.

     14,215        539,744  
     

 

 

 
Total Diversified Telecommunication Services

 

     959,339  
Electric Utilities – 1.3%

 

Avangrid, Inc.

     4,802        200,243  

Edison International

     3,168        179,245  

Eversource Energy

     2,764        215,482  

Exelon Corp.

     6,135        229,817  
     

 

 

 
Total Electric Utilities

 

     824,787  
Electrical Equipment – 0.4%

 

Acuity Brands, Inc.

     755        118,890  

Hubbell, Inc.

     460        102,580  
     

 

 

 
Total Electrical Equipment

 

     221,470  
Electronic Equipment, Instruments & Components – 1.1%

 

Arrow Electronics, Inc.*

     1,368        126,116  

Corning, Inc.

     5,337        154,880  

Jabil, Inc.

     3,302        190,558  

Keysight Technologies, Inc.*

     1,414        222,507  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     694,061  
Entertainment – 0.5%

 

Electronic Arts, Inc.

     1,299        150,307  

Endeavor Group Holdings, Inc., Class A*

     8,022        162,526  
     

 

 

 
Total Entertainment

 

     312,833  
Equity Real Estate Investment Trusts (REITs) – 2.4%

 

Apartment Income REIT Corp.

     3,508        135,479  

Camden Property Trust

     1,144        136,651  

First Industrial Realty Trust, Inc.

     1,462        65,512  

Host Hotels & Resorts, Inc.

     11,749        186,574  

Iron Mountain, Inc.

     4,437        195,095  

Kilroy Realty Corp.

     4,690        197,496  

Mid-America Apartment Communities, Inc.

     497        77,070  

Omega Healthcare Investors, Inc.

     1,148        33,854  

Ventas, Inc.

     4,840        194,423  

W.P. Carey, Inc.

     1,363        95,137  

Weyerhaeuser Co.

     6,896        196,950  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     1,514,241  
Food & Staples Retailing – 0.2%

 

Sysco Corp.

     1,874        132,511  
Food Products – 3.3%

 

Archer-Daniels-Midland Co.

     2,081      167,416  

Campbell Soup Co.

     3,216        151,538  

Conagra Brands, Inc.

     4,206        137,242  

Darling Ingredients, Inc.*

     1,381        91,353  

Flowers Foods, Inc.

     3,003        74,144  

General Mills, Inc.

     2,561        196,198  

Hershey Co.

     899        198,203  

Hormel Foods Corp.

     3,359        152,633  

J.M. Smucker Co.

     879        120,783  

Kellogg Co.

     2,347        163,492  

Kraft Heinz Co.

     3,725        124,229  

McCormick & Co., Inc., Non-Voting Shares

     1,881        134,059  

Mondelez International, Inc., Class A

     3,646        199,910  

Pilgrim’s Pride Corp.*

     2,428        55,893  

Post Holdings, Inc.*

     535        43,822  

Tyson Foods, Inc., Class A

     1,329        87,621  
     

 

 

 
Total Food Products

 

     2,098,536  
Gas Utilities – 0.4%

 

Atmos Energy Corp.

     967        98,489  

National Fuel Gas Co.

     1,306        80,384  

UGI Corp.

     3,041        98,316  
     

 

 

 
Total Gas Utilities

 

     277,189  
Health Care Equipment & Supplies – 2.6%

 

Abbott Laboratories

     3,679        355,980  

Baxter International, Inc.

     3,307        178,115  

Becton Dickinson and Co.

     924        205,895  

Boston Scientific Corp.*

     5,284        204,649  

Dentsply Sirona, Inc.

     3,126        88,622  

Edwards Lifesciences Corp.*

     2,476        204,592  

Envista Holdings Corp.*

     1,741        57,122  

Hologic, Inc.*

     1,534        98,974  

Lantheus Holdings, Inc.*

     219        15,402  

Teleflex, Inc.

     306        61,647  

Zimmer Biomet Holdings, Inc.

     1,389        145,220  
     

 

 

 
Total Health Care Equipment & Supplies

 

     1,616,218  
Health Care Providers & Services – 4.9%

 

Acadia Healthcare Co., Inc.*

     546        42,686  

AmerisourceBergen Corp.

     1,141        154,412  

Cardinal Health, Inc.

     1,997        133,160  

Centene Corp.*

     1,442        112,202  

Chemed Corp.

     43        18,772  

Cigna Corp.

     853        236,682  

CVS Health Corp.

     3,145        299,939  

DaVita, Inc.*

     1,411        116,788  

Elevance Health, Inc.

     580        263,459  

HCA Healthcare, Inc.

     632        116,155  

Henry Schein, Inc.*

     1,443        94,906  

Humana, Inc.

     458        222,217  

Laboratory Corp. of America Holdings

     461        94,417  

McKesson Corp.

     451        153,281  

Molina Healthcare, Inc.*

     156        51,455  

Option Care Health, Inc.*

     974        30,652  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree U.S. ESG Fund (RESP)

September 30, 2022

 

 

 

Investments    Shares      Value  

Quest Diagnostics, Inc.

     1,078      $ 132,260  

Tenet Healthcare Corp.*

     1,556        80,259  

UnitedHealth Group, Inc.

     1,493        754,025  
     

 

 

 
Total Health Care Providers & Services

 

     3,107,727  
Hotels, Restaurants & Leisure – 1.7%

 

Darden Restaurants, Inc.

     1,009        127,457  

Expedia Group, Inc.*

     485        45,440  

Marriott Vacations Worldwide Corp.

     659        80,306  

McDonald’s Corp.

     1,480        341,495  

Starbucks Corp.

     3,132        263,902  

Texas Roadhouse, Inc.

     413        36,038  

Yum! Brands, Inc.

     1,618        172,058  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,066,696  
Household Durables – 0.5%

 

Newell Brands, Inc.

     6,710        93,202  

PulteGroup, Inc.

     1,793        67,237  

Whirlpool Corp.

     921        124,160  
     

 

 

 
Total Household Durables

 

     284,599  
Household Products – 1.7%

 

Church & Dwight Co., Inc.

     1,304        93,158  

Clorox Co.

     1,013        130,059  

Colgate-Palmolive Co.

     2,701        189,745  

Kimberly-Clark Corp.

     1,326        149,228  

Procter & Gamble Co.

     3,948        498,435  

Reynolds Consumer Products, Inc.

     717        18,649  
     

 

 

 
Total Household Products

 

     1,079,274  
Industrial Conglomerates – 0.4%

 

3M Co.

     2,377        262,659  
Insurance – 3.9%

 

Aflac, Inc.

     2,941        165,284  

Alleghany Corp.*

     64        53,720  

Allstate Corp.

     1,410        175,587  

American International Group, Inc.

     2,245        106,593  

Assurant, Inc.

     632        91,811  

CNA Financial Corp.

     1,406        51,881  

Fidelity National Financial, Inc.

     1,023        37,033  

First American Financial Corp.

     1,567        72,239  

Globe Life, Inc.

     490        48,853  

Hartford Financial Services Group, Inc.

     2,540        157,328  

Kinsale Capital Group, Inc.

     125        31,927  

Lincoln National Corp.

     2,989        131,247  

Marsh & McLennan Cos., Inc.

     1,254        187,210  

MetLife, Inc.

     3,348        203,491  

Old Republic International Corp.

     576        12,056  

Principal Financial Group, Inc.

     2,226        160,606  

Progressive Corp.

     1,541        179,080  

Prudential Financial, Inc.

     1,948        167,099  

Reinsurance Group of America, Inc.

     640