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WisdomTree Trust

Semi-Annual Report

September 30, 2021

 

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

WisdomTree U.S. ESG Fund (RESP)

WisdomTree U.S. Growth and 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. Quality Shareholder Yield Fund (QSY)

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)

 


Table of Contents

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. Dividend ex-Financials 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

       59  

WisdomTree U.S. Quality Dividend Growth Fund

       63  

WisdomTree U.S. Quality Shareholder Yield Fund

       68  

WisdomTree U.S. SmallCap Dividend Fund

       71  

WisdomTree U.S. SmallCap Fund

       79  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

       88  

WisdomTree U.S. Total Dividend Fund

       92  

Statements of Assets and Liabilities (unaudited)

       100  

Statements of Operations (unaudited)

       103  

Statements of Changes in Net Assets (unaudited)

       106  

Financial Highlights (unaudited)

       111  

Notes to Financial Statements (unaudited)

       119  

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

       127  

General Information (unaudited)

       132  

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


Table of Contents

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, 2021 to September 30, 2021. 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  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    15.3%  

Utilities

    11.8%  

Communication Services

    11.5%  

Information Technology

    10.7%  

Real Estate

    10.5%  

Health Care

    9.9%  

Materials

    9.4%  

Consumer Discretionary

    8.6%  

Industrials

    8.5%  

Energy

    3.4%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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  

Altria Group, Inc.

    3.6%  

Lumen Technologies, Inc.

    3.0%  

Philip Morris International, Inc.

    2.7%  

Iron Mountain, Inc.

    2.1%  

Interpublic Group of Cos., Inc. (The)

    1.8%  

FirstEnergy Corp.

    1.8%  

AT&T, Inc.

    1.6%  

Gaming and Leisure Properties, Inc.

    1.5%  

International Business Machines Corp.

    1.5%  

PPL Corp.

    1.5%  
*

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. Dividend ex-Financials Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend ex-Financials Index (the “Index”). In seeking to track the Index, the Fund invests in high dividend yielding companies in the U.S. equity market excluding the financial sector. 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,014.20        0.38   $ 1.92  

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

       1.42      28.55      4.94      7.33      11.00

Fund Market Price Returns

       1.31      28.49      4.96      7.34      10.99

WisdomTree U.S. Dividend ex-Financials Index

       1.60      29.13      5.31      7.74      11.42

Dow Jones U.S. Select Dividend IndexSM

       2.53      46.15      9.21      10.27      13.32
*

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.

 

2   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. ESG Fund (RESP)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    29.1%  

Health Care

    13.4%  

Consumer Discretionary

    12.2%  

Financials

    11.8%  

Communication Services

    11.7%  

Industrials

    8.0%  

Consumer Staples

    5.9%  

Real Estate

    2.8%  

Materials

    2.5%  

Utilities

    2.5%  

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.

    6.4%  

Microsoft Corp.

    6.0%  

Alphabet, Inc., Class A

    4.5%  

Amazon.com, Inc.

    3.2%  

Facebook, Inc., Class A

    2.4%  

Visa, Inc., Class A

    1.6%  

JPMorgan Chase & Co.

    1.1%  

Adobe, Inc.

    1.0%  

Oracle Corp.

    0.9%  

Cisco Systems, 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 based on a model developed by WisdomTree Asset Management.

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,076.80        0.28   $ 1.46  

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

       7.68      29.96      13.91      15.52      15.44

Fund Market Price Returns1

       7.60      29.78      13.97      15.52      15.44

MSCI USA Extended ESG Focus Index2

       9.08      30.82      17.43      N/A        N/A  

S&P 500® Index

       9.18      30.00      15.99      16.90      16.63
*

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  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    22.8%  

Information Technology

    21.8%  

Industrials

    16.0%  

Materials

    11.5%  

Financials

    10.5%  

Health Care

    6.6%  

Communication Services

    6.0%  

Consumer Staples

    2.8%  

Real Estate

    2.0%  

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  

AutoNation, Inc.

    2.1%  

Western Alliance Bancorp

    2.0%  

Element Solutions, Inc.

    2.0%  

Jones Lang LaSalle, Inc.

    2.0%  

Lattice Semiconductor Corp.

    2.0%  

General Motors Co.

    1.9%  

Snap, Inc., Class A

    1.9%  

Crocs, Inc.

    1.9%  

Plug Power, Inc.

    1.9%  

Stifel Financial Corp.

    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. 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.

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

Shareholder Expense Example (for the period1 ended September 30, 2021)

 

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

Actual1

   $ 1,000.00      $ 995.30        0.55   $ 1.49  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.31        0.55   $ 2.79  
1 

Fund commenced operations on June 24, 2021. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 99/365 (to reflect the period since commencement of operations).

 

4   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. High Dividend Fund (DHS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    19.7%  

Financials

    17.6%  

Information Technology

    13.0%  

Utilities

    12.8%  

Health Care

    12.6%  

Communication Services

    10.4%  

Real Estate

    5.4%  

Industrials

    3.6%  

Materials

    2.4%  

Consumer Discretionary

    1.1%  

Energy

    1.0%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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  

Philip Morris International, Inc.

    5.5%  

Altria Group, Inc.

    5.2%  

AbbVie, Inc.

    5.0%  

Pfizer, Inc.

    5.0%  

Verizon Communications, Inc.

    4.4%  

AT&T, Inc.

    4.3%  

Cisco Systems, Inc.

    4.2%  

Coca-Cola Co. (The)

    3.9%  

International Business Machines Corp.

    3.7%  

Broadcom, Inc.

    3.6%  
*

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. 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,026.30        0.38   $ 1.93  

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

       2.63      28.47      6.19      6.78      11.04

Fund Market Price Returns

       2.56      28.36      6.25      6.78      11.04

WisdomTree U.S. High Dividend Index

       2.83      29.04      6.56      7.18      11.45

Russell 1000® Value Index

       4.39      35.01      10.07      10.94      13.51
*

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  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    22.2%  

Health Care

    15.2%  

Consumer Staples

    14.9%  

Financials

    14.1%  

Industrials

    8.0%  

Communication Services

    6.4%  

Consumer Discretionary

    6.3%  

Utilities

    5.6%  

Real Estate

    4.2%  

Materials

    2.4%  

Energy

    0.5%  

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  

Microsoft Corp.

    6.1%  

Apple, Inc.

    4.4%  

Johnson & Johnson

    3.1%  

JPMorgan Chase & Co.

    2.7%  

Verizon Communications, Inc.

    2.5%  

AT&T, Inc.

    2.3%  

Philip Morris International, Inc.

    2.3%  

Procter & Gamble Co. (The)

    2.2%  

Home Depot, Inc. (The)

    2.2%  

Altria Group, Inc.

    1.8%  
*

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

The WisdomTree 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,052.90        0.28   $ 1.44  

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

       5.29      25.88      10.68      12.09      13.55

Fund Market Price Returns

       5.21      25.76      10.72      12.10      13.54

WisdomTree U.S. LargeCap Dividend Index

       5.47      26.32      10.99      12.42      13.88

S&P 500® Index

       9.18      30.00      15.99      16.90      16.63

Russell 1000® Value Index

       4.39      35.01      10.07      10.94      13.51
*

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


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. LargeCap Fund (EPS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    24.3%  

Financials

    16.4%  

Health Care

    14.6%  

Communication Services

    12.1%  

Consumer Staples

    8.5%  

Consumer Discretionary

    8.2%  

Industrials

    7.8%  

Utilities

    2.8%  

Materials

    2.2%  

Real Estate

    1.8%  

Energy

    1.2%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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  

Apple, Inc.

    4.9%  

Microsoft Corp.

    4.9%  

Alphabet, Inc., Class A

    4.1%  

JPMorgan Chase & Co.

    2.5%  

Facebook, Inc., Class A

    2.4%  

Berkshire Hathaway, Inc., Class B

    2.0%  

Bank of America Corp.

    1.9%  

Intel Corp.

    1.8%  

Amazon.com, Inc.

    1.6%  

UnitedHealth Group, Inc.

    1.6%  
*

The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,070.50        0.08   $ 0.42  

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

       7.05      32.05      14.33      15.84      15.55

Fund Market Price Returns

       6.92      31.89      14.37      15.85      15.56

WisdomTree U.S. LargeCap Index

       7.13      32.20      14.50      16.09      15.84

S&P 500® Index

       9.18      30.00      15.99      16.90      16.63
*

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  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. MidCap Dividend Fund (DON)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.1%  

Industrials

    14.4%  

Utilities

    10.7%  

Consumer Discretionary

    10.6%  

Real Estate

    9.9%  

Materials

    9.7%  

Information Technology

    5.4%  

Energy

    4.8%  

Consumer Staples

    3.8%  

Communication Services

    2.9%  

Health Care

    1.2%  

Investment Company

    0.2%  

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  

Antero Midstream Corp.

    1.7%  

Interpublic Group of Cos., Inc. (The)

    1.5%  

Franklin Resources, Inc.

    1.3%  

Diamondback Energy, Inc.

    1.1%  

Ares Management Corp., Class A

    1.1%  

Fidelity National Financial, Inc.

    1.0%  

Watsco, Inc.

    1.0%  

Newell Brands, Inc.

    1.0%  

Williams-Sonoma, Inc.

    1.0%  

NortonLifeLock, 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. 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,037.70        0.38   $ 1.94  

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

       3.77      46.60      6.71      9.17      13.42

Fund Market Price Returns

       3.35      46.65      6.77      9.18      13.44

WisdomTree U.S. MidCap Dividend Index

       3.98      47.37      7.04      9.55      13.80

S&P MidCap 400® Index

       1.81      43.68      11.08      12.97      14.72

Russell MidCap Value Index

       4.59      42.40      10.28      10.59      13.93
*

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


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. MidCap Fund (EZM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.6%  

Industrials

    19.5%  

Consumer Discretionary

    15.2%  

Information Technology

    9.7%  

Materials

    7.5%  

Real Estate

    6.2%  

Health Care

    6.0%  

Consumer Staples

    4.3%  

Utilities

    4.0%  

Energy

    2.2%  

Communication Services

    1.6%  

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  

Diamondback Energy, Inc.

    0.9%  

Jones Lang LaSalle, Inc.

    0.9%  

Signature Bank

    0.9%  

Dick’s Sporting Goods, Inc.

    0.9%  

AutoNation, Inc.

    0.8%  

First American Financial Corp.

    0.8%  

LPL Financial Holdings, Inc.

    0.8%  

Nexstar Media Group, Inc., Class A

    0.8%  

Penske Automotive Group, Inc.

    0.7%  

Berry Global Group, Inc.

    0.7%  
*

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

The WisdomTree 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, 2021)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
    ExpensesPaid
During the
Period
 

Actual

   $ 1,000.00      $ 1,030.90        0.38   $ 1.93  

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

       3.09      54.58      9.78      11.97      14.40

Fund Market Price Returns

       2.44      54.55      9.76      11.94      14.41

WisdomTree U.S. MidCap Index

       3.27      55.20      10.15      12.36      14.74

S&P MidCap 400® Index

       1.81      43.68      11.08      12.97      14.72
*

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  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. Multifactor Fund (USMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    28.3%  

Health Care

    13.1%  

Consumer Discretionary

    12.2%  

Communication Services

    11.9%  

Financials

    11.2%  

Industrials

    7.9%  

Consumer Staples

    5.7%  

Real Estate

    2.7%  

Materials

    2.4%  

Utilities

    2.3%  

Energy

    2.2%  

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  

Verizon Communications, Inc.

    1.5%  

AT&T, Inc.

    1.4%  

Oracle Corp.

    1.3%  

j2 Global, Inc.

    1.3%  

International Business Machines Corp.

    1.2%  

SS&C Technologies Holdings, Inc.

    1.2%  

Automatic Data Processing, Inc.

    1.2%  

VeriSign, Inc.

    1.2%  

Jack Henry & Associates, Inc.

    1.2%  

Cognizant Technology Solutions Corp., Class A

    1.2%  
*

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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,035.00        0.28   $ 1.43  

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      Since Inception1  

Fund NAV Returns

       3.50      26.06      9.91      12.85

Fund Market Price Returns

       3.18      26.02      9.94      12.84

WisdomTree U.S. Multifactor Index

       3.67      26.44      10.07      12.99

S&P 500® Index

       9.18      30.00      15.99      16.64

S&P 500® Equal Weight Index

       6.66      40.87      14.29      14.32
* 

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


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    26.5%  

Health Care

    19.3%  

Consumer Staples

    16.1%  

Industrials

    15.6%  

Communication Services

    6.2%  

Financials

    5.8%  

Consumer Discretionary

    4.7%  

Materials

    3.3%  

Utilities

    1.3%  

Energy

    0.5%  

Real Estate

    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  

Microsoft Corp.

    5.6%  

Apple, Inc.

    4.9%  

Johnson & Johnson

    4.4%  

Verizon Communications, Inc.

    3.9%  

Pfizer, Inc.

    3.5%  

Procter & Gamble Co. (The)

    3.4%  

Coca-Cola Co. (The)

    2.9%  

Altria Group, Inc.

    2.9%  

Cisco Systems, Inc.

    2.8%  

PepsiCo, Inc.

    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. 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,039.80        0.28   $ 1.43  

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

       3.98      21.19      12.42      15.23      13.22

Fund Market Price Returns

       3.89      21.07      12.46      15.24      13.23

WisdomTree U.S. Quality Dividend Growth Index

       4.12      21.59      12.77      15.59      13.55

NASDAQ U.S. Dividend AchieversTM Select Index

       5.62      21.66      13.75      15.15      12.44

S&P 500® Index

       9.18      30.00      15.99      16.90      14.34
*

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  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.5%  

Consumer Discretionary

    15.5%  

Information Technology

    14.2%  

Health Care

    11.9%  

Industrials

    11.8%  

Energy

    6.3%  

Communication Services

    6.1%  

Consumer Staples

    5.3%  

Materials

    2.7%  

Utilities

    2.7%  

Real Estate

    0.8%  

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  

eBay, Inc.

    2.0%  

Credit Acceptance Corp.

    1.9%  

People’s United Financial, Inc.

    1.7%  

Diamondback Energy, Inc.

    1.6%  

Juniper Networks, Inc.

    1.6%  

DaVita, Inc.

    1.6%  

Allstate Corp. (The)

    1.5%  

Lumen Technologies, Inc.

    1.5%  

Oracle Corp.

    1.5%  

Waters Corp.

    1.5%  
*

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. Quality Shareholder Yield 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,062.80        0.38   $ 1.97  

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

       6.28      45.85      12.77      15.30      14.58

Fund Market Price Returns1

       6.00      45.74      12.79      15.30      14.59

Russell 1000® Value Index

       4.39      35.01      10.07      10.94      13.51
*

Returns of less than one year are cumulative.

 

1 

The Fund’s investment objective changed effective December 18, 2017. From June 19, 2009 through December 17, 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.

 

12   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. SmallCap Dividend Fund (DES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    27.4%  

Industrials

    17.7%  

Consumer Discretionary

    11.7%  

Real Estate

    9.8%  

Materials

    8.9%  

Consumer Staples

    7.7%  

Utilities

    5.8%  

Information Technology

    4.5%  

Communication Services

    3.2%  

Energy

    1.6%  

Health Care

    1.5%  

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  

Vector Group Ltd.

    1.6%  

B&G Foods, Inc.

    1.6%  

Kontoor Brands, Inc.

    1.3%  

Rent-A-Center, Inc.

    1.3%  

Compass Minerals International, Inc.

    1.3%  

Greif, Inc., Class A

    1.2%  

Commercial Metals Co.

    1.1%  

South Jersey Industries, Inc.

    0.9%  

Avista Corp.

    0.9%  

Patterson Cos., 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. 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,003.40        0.38   $ 1.91  

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

       0.34      49.86      4.12      7.22      12.21

Fund Market Price Returns

       -0.24      49.85      4.15      7.23      12.23

WisdomTree U.S. SmallCap Dividend Index

       0.51      50.39      4.51      7.61      12.46

Russell 2000® Index

       -0.25      47.68      10.54      13.45      14.63

Russell 2000® Value Index

       1.44      63.92      8.58      11.03      13.22
*

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  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. SmallCap Fund (EES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.5%  

Industrials

    18.8%  

Consumer Discretionary

    15.8%  

Health Care

    7.2%  

Information Technology

    6.3%  

Consumer Staples

    6.0%  

Communication Services

    5.7%  

Real Estate

    4.9%  

Materials

    4.0%  

Energy

    3.4%  

Utilities

    1.1%  

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  

Navient Corp.

    1.4%  

United Natural Foods, Inc.

    1.0%  

Flagstar Bancorp, Inc.

    1.0%  

Atlas Air Worldwide Holdings, Inc.

    0.8%  

Meredith Corp.

    0.8%  

ODP Corp. (The)

    0.8%  

Atkore, Inc.

    0.7%  

PDC Energy, Inc.

    0.7%  

Innoviva, Inc.

    0.7%  

Rent-A-Center, Inc.

    0.7%  
*

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

The WisdomTree 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,028.50        0.38   $ 1.93  

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

       2.85      63.69      8.26      12.74      14.31

Fund Market Price Returns

       2.15      63.88      8.29      12.76      14.33

WisdomTree U.S. SmallCap Index

       3.04      64.50      8.56      13.05      14.56

Russell 2000® Index

       -0.25      47.68      10.54      13.45      14.63
*

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.

 

14   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    26.5%  

Financials

    26.5%  

Consumer Discretionary

    15.4%  

Utilities

    8.4%  

Materials

    6.6%  

Consumer Staples

    6.4%  

Information Technology

    5.8%  

Communication Services

    2.8%  

Health Care

    1.0%  

Real Estate

    0.3%  

Energy

    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  

B&G Foods, Inc.

    2.3%  

Rent-A-Center, Inc.

    2.3%  

Avista Corp.

    2.2%  

Greif, Inc., Class A

    2.2%  

Cathay General Bancorp

    1.7%  

John Wiley & Sons, Inc., Class A

    1.7%  

Trinity Industries, Inc.

    1.7%  

Buckle, Inc. (The)

    1.6%  

Otter Tail Corp.

    1.5%  

Federated Hermes, Inc., Class B

    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, 2021)

 

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

Actual

   $ 1,000.00      $ 977.40        0.38   $ 1.88  

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

       -2.26      47.68      8.35      10.18      9.71

Fund Market Price Returns

       -2.81      47.63      8.37      10.19      9.69

WisdomTree U.S. SmallCap Quality Dividend Growth Index

       -2.09      48.32      8.69      10.53      10.00

Russell 2000® Index

       -0.25      47.68      10.54      13.45      10.90
*

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.

 

WisdomTree Trust      15  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree U.S. Total Dividend Fund (DTD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    20.1%  

Financials

    16.1%  

Consumer Staples

    13.8%  

Health Care

    13.6%  

Industrials

    8.5%  

Consumer Discretionary

    6.6%  

Communication Services

    6.0%  

Utilities

    6.0%  

Real Estate

    5.3%  

Materials

    3.0%  

Energy

    0.8%  

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  

Microsoft Corp.

    5.5%  

Apple, Inc.

    3.9%  

Johnson & Johnson

    2.8%  

JPMorgan Chase & Co.

    2.4%  

Verizon Communications, Inc.

    2.2%  

AT&T, Inc.

    2.1%  

Philip Morris International, Inc.

    2.0%  

Home Depot, Inc. (The)

    2.0%  

Procter & Gamble Co. (The)

    1.9%  

Altria Group, Inc.

    1.7%  
*

The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. 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, 2021)

 

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

Actual

   $ 1,000.00      $ 1,051.30        0.28   $ 1.44  

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

       5.13      28.27      9.88      11.44      13.40

Fund Market Price Returns

       5.02      28.18      9.91      11.43      13.40

WisdomTree U.S. Dividend Index

       5.25      28.70      10.19      11.76      13.74

Russell 3000® Index

       8.13      31.88      16.00      16.85      16.60

Russell 3000® Value Index

       4.19      36.64      9.94      10.94      13.48
*

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.

 

16   WisdomTree Trust


Table of Contents

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.

The Dow Jones U.S. Select Dividend IndexSM is comprised of 100 U.S. dividend-paying companies.

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

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a country’s economic health.

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 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 a comprised of mid- and large-cap companies that provide exposure to high growth and momentum U.S. exchange-listed companies.

Price-to-Earnings refers to a company’s share price divided by its earnings per share. Lower numbers indicate an ability to access greater amounts of earnings per dollar invested. A higher number indicates that a company’s stock may be over-valued.

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® 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  


Table of Contents

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.

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 ex-Financials Index is comprised of high dividend-yielding stocks outside the Financials sector.

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


Table of Contents

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 Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

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

The O’Neil Growth Index is calculated, distributed and marketed by O’Neil Global Advisors, Inc. (OGA), a licensed trademark of OGA, and has been licensed for use.

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

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

September 30, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
United States – 99.6%      
Aerospace & Defense – 1.7%      

General Dynamics Corp.

     26,887      $ 5,270,659  

Lockheed Martin Corp.

     10,899        3,761,245  
     

 

 

 
Total Aerospace & Defense

 

     9,031,904  
Air Freight & Logistics – 1.5%

 

C.H. Robinson Worldwide, Inc.(a)

     32,096        2,792,352  

United Parcel Service, Inc., Class B

     29,054        5,290,733  
     

 

 

 
Total Air Freight & Logistics

 

     8,083,085  
Beverages – 0.8%

 

Coca-Cola Co. (The)

     82,073        4,306,370  
Biotechnology – 3.3%

 

AbbVie, Inc.

     64,572        6,965,382  

Amgen, Inc.

     17,513        3,724,139  

Gilead Sciences, Inc.

     101,898        7,117,575  
     

 

 

 
Total Biotechnology

 

     17,807,096  
Chemicals – 5.2%

 

Air Products & Chemicals, Inc.

     9,903        2,536,257  

Celanese Corp.

     20,278        3,054,678  

CF Industries Holdings, Inc.

     112,857        6,299,678  

Dow, Inc.

     135,069        7,774,571  

Eastman Chemical Co.

     36,528        3,679,831  

International Flavors & Fragrances, Inc.

     34,096        4,559,317  
     

 

 

 
Total Chemicals

 

     27,904,332  
Communications Equipment – 1.1%

 

Cisco Systems, Inc.

     104,082        5,665,183  
Containers & Packaging – 2.2%

 

International Paper Co.

     117,654        6,579,212  

Packaging Corp. of America

     37,144        5,105,071  
     

 

 

 
Total Containers & Packaging

 

     11,684,283  
Distributors – 1.0%

 

Genuine Parts Co.

     45,709        5,541,302  
Diversified Telecommunication Services – 6.1%

 

AT&T, Inc.

     316,865        8,558,524  

Lumen Technologies, Inc.(a)

     1,296,547        16,064,217  

Verizon Communications, Inc.

     142,610        7,702,366  
     

 

 

 
Total Diversified Telecommunication Services

 

     32,325,107  
Electric Utilities – 10.8%

 

Avangrid, Inc.(a)

     116,343        5,654,270  

Duke Energy Corp.

     62,851        6,133,629  

Edison International

     91,173        5,057,366  

Evergy, Inc.

     96,541        6,004,850  

Exelon Corp.

     124,656        6,025,871  

FirstEnergy Corp.

     266,961        9,509,151  

Pinnacle West Capital Corp.

     70,126        5,074,317  

PPL Corp.

     287,246        8,008,419  

Southern Co. (The)

     97,770        6,058,807  
     

 

 

 
Total Electric Utilities

 

     57,526,680  
Electrical Equipment – 1.8%

 

Emerson Electric Co.

     43,973      4,142,257  

Hubbell, Inc.

     31,267        5,649,009  
     

 

 

 
Total Electrical Equipment

 

     9,791,266  
Energy Equipment & Services – 1.4%

 

Baker Hughes Co.

     233,829        5,782,591  

Halliburton Co.

     75,500        1,632,310  
     

 

 

 
Total Energy Equipment & Services

 

     7,414,901  
Equity Real Estate Investment Trusts (REITs) – 10.5%

 

AvalonBay Communities, Inc.

     20,614        4,568,887  

Boston Properties, Inc.

     35,013        3,793,659  

Equity Residential

     61,883        5,007,572  

Gaming and Leisure Properties, Inc.

     177,698        8,230,971  

Healthpeak Properties, Inc.

     152,925        5,119,929  

Iron Mountain, Inc.

     259,491        11,274,884  

Medical Properties Trust, Inc.

     235,964        4,735,797  

Realty Income Corp.

     67,884        4,402,956  

STORE Capital Corp.

     118,583        3,798,214  

VICI Properties, Inc.

     177,978        5,056,355  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     55,989,224  
Food Products – 7.0%

 

Archer-Daniels-Midland Co.

     80,227        4,814,422  

Conagra Brands, Inc.

     117,243        3,971,021  

General Mills, Inc.

     117,129        7,006,657  

J.M. Smucker Co. (The)

     55,246        6,631,177  

Kellogg Co.

     118,979        7,605,138  

Kraft Heinz Co. (The)

     196,872        7,248,827  
     

 

 

 
Total Food Products

 

     37,277,242  
Health Care Providers & Services – 1.8%

 

Cardinal Health, Inc.

     90,595        4,480,829  

CVS Health Corp.

     56,942        4,832,098  
     

 

 

 
Total Health Care Providers & Services

 

     9,312,927  
Hotels, Restaurants & Leisure – 1.2%

 

McDonald’s Corp.

     15,748        3,797,000  

Starbucks Corp.

     24,519        2,704,691  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     6,501,691  
Household Durables – 2.0%

 

Newell Brands, Inc.

     291,358        6,450,666  

Whirlpool Corp.

     19,296        3,933,683  
     

 

 

 
Total Household Durables

 

     10,384,349  
Household Products – 1.2%

 

Kimberly-Clark Corp.

     46,798        6,197,927  
Industrial Conglomerates – 1.3%

 

3M Co.

     40,519        7,107,843  
IT Services – 3.3%

 

International Business Machines Corp.

     58,653        8,148,661  

Paychex, Inc.

     39,932        4,490,354  

Western Union Co. (The)

     248,964        5,034,052  
     

 

 

 
Total IT Services

 

     17,673,067  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

September 30, 2021

 

 

 

Investments    Shares      Value  
Leisure Products – 0.8%

 

Hasbro, Inc.

     45,263      $ 4,038,365  
Machinery – 2.1%

 

Caterpillar, Inc.

     18,284        3,509,980  

Cummins, Inc.

     14,758        3,314,056  

Snap-on, Inc.

     21,378        4,466,933  
     

 

 

 
Total Machinery

 

     11,290,969  
Media – 5.5%

 

Comcast Corp., Class A

     49,739        2,781,902  

Fox Corp., Class B

     77,989        2,894,952  

Interpublic Group of Cos., Inc. (The)

     264,287        9,691,404  

News Corp., Class A

     87,198        2,051,769  

Omnicom Group, Inc.

     88,240        6,393,871  

Sirius XM Holdings, Inc.(a)

     194,451        1,186,151  

ViacomCBS, Inc., Class B

     104,357        4,123,145  
     

 

 

 
Total Media

 

     29,123,194  
Metals & Mining – 2.0%

 

Newmont Corp.

     63,825        3,465,698  

Nucor Corp.

     73,094        7,199,028  
     

 

 

 
Total Metals & Mining

 

     10,664,726  
Multi-Utilities – 1.0%

 

Consolidated Edison, Inc.

     75,761        5,499,491  
Oil, Gas & Consumable Fuels – 2.1%

 

EOG Resources, Inc.

     82,439        6,617,379  

Pioneer Natural Resources Co.

     26,145        4,353,404  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     10,970,783  
Pharmaceuticals – 4.8%

 

Bristol-Myers Squibb Co.

     65,462        3,873,386  

Eli Lilly & Co.

     17,545        4,053,772  

Johnson & Johnson

     37,756        6,097,594  

Merck & Co., Inc.

     80,805        6,069,264  

Pfizer, Inc.

     133,268        5,731,857  
     

 

 

 
Total Pharmaceuticals

 

     25,825,873  
Semiconductors & Semiconductor Equipment – 2.9%

 

Broadcom, Inc.

     11,015        5,341,504  

Intel Corp.

     75,832        4,040,329  

Texas Instruments, Inc.

     32,568        6,259,895  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     15,641,728  
Software – 0.9%

 

NortonLifeLock, Inc.

     193,367        4,892,185  
Specialty Retail – 3.1%

 

Best Buy Co., Inc.

     41,551        4,392,356  

Home Depot, Inc. (The)

     16,936        5,559,411  

Williams-Sonoma, Inc.

     38,205        6,774,893  
     

 

 

 
Total Specialty Retail

 

     16,726,660  
Technology Hardware, Storage & Peripherals – 2.4%

 

HP, Inc.

     211,247        5,779,718  

NetApp, Inc.

     80,459        7,222,000  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     13,001,718  
Textiles, Apparel & Luxury Goods – 0.5%

 

VF Corp.

     37,328      2,500,603  
Tobacco – 6.3%

 

Altria Group, Inc.

     415,954        18,934,226  

Philip Morris International, Inc.

     154,395        14,635,102  
     

 

 

 
Total Tobacco

 

     33,569,328  
TOTAL COMMON STOCKS
(Cost: $460,344,435)
              531,271,402  
EXCHANGE-TRADED FUNDS – 0.0%      
United States – 0.0%      

WisdomTree U.S. LargeCap Dividend Fund(b)

     353        42,109  

WisdomTree U.S. MidCap Dividend Fund(b)

     1,015        42,072  
TOTAL EXCHANGE-TRADED FUNDS      
(Cost: $82,249)               84,181  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%

 

United States – 0.0%      

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $79,925)      79,925        79,925  
TOTAL INVESTMENTS IN SECURITIES – 99.6% (Cost: $460,506,609)         531,435,508  

Other Assets less Liabilities – 0.4%

 

     1,923,389  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 533,358,897  
(a) 

Security, or portion thereof, was on loan at September 30, 2021 (See Note 2). At September 30, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $15,583,402 and the total market value of the collateral held by the Fund was $16,902,831. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $16,822,906.

 

(b) 

Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2021.

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

September 30, 2021

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2021 were as follows:

 

Affiliate   Value at
3/31/2021
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2021
    Dividend
Income
 

WisdomTree U.S. LargeCap Dividend Fund

  $ 177,066     $ 2,453,782     $ 2,591,513     $ 31,218     $ (28,444   $ 42,109     $ 7,679  

WisdomTree U.S. MidCap Dividend Fund

    179,020       2,436,000       2,585,460       62,151       (49,639     42,072       7,770  
Total   $ 356,086     $ 4,889,782     $ 5,176,973     $ 93,369     $ (78,083   $ 84,181     $ 15,449  

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used as of September 30, 2021 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

   $ 531,271,402      $      $      $ 531,271,402  

Exchange-Traded Funds

     84,181                      84,181  

Investment of Cash Collateral for Securities Loaned

            79,925               79,925  

Total Investments in Securities

   $ 531,355,583      $ 79,925      $      $ 531,435,508  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. ESG Fund (RESP)

September 30, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.9%

 

Air Freight & Logistics – 1.0%

 

Expeditors International of Washington, Inc.

     1,532      $ 182,507  

FedEx Corp.

     1,240        271,920  

United Parcel Service, Inc., Class B

     2,755        501,685  
     

 

 

 
Total Air Freight & Logistics

 

     956,112  
Auto Components – 0.4%

 

BorgWarner, Inc.

     4,491        194,056  

Lear Corp.

     1,130        176,822  
     

 

 

 
Total Auto Components

 

     370,878  
Automobiles – 0.7%

 

Ford Motor Co.*

     20,879        295,647  

General Motors Co.*

     6,664        351,259  
     

 

 

 
Total Automobiles

 

     646,906  
Banks – 4.8%

 

Bank of America Corp.

     18,764        796,532  

Citigroup, Inc.

     6,487        455,258  

Comerica, Inc.

     2,574        207,207  

Fifth Third Bancorp

     5,624        238,683  

First Horizon Corp.

     9,398        153,093  

JPMorgan Chase & Co.

     6,129        1,003,256  

KeyCorp

     11,701        252,976  

People’s United Financial, Inc.

     3,856        67,364  

Pinnacle Financial Partners, Inc.

     933        87,777  

PNC Financial Services Group, Inc. (The)

     1,757        343,739  

Regions Financial Corp.

     9,909        211,161  

Truist Financial Corp.

     5,069        297,297  

U.S. Bancorp

     5,692        338,332  
     

 

 

 
Total Banks

 

     4,452,675  
Beverages – 1.1%

 

Constellation Brands, Inc., Class A

     748        157,596  

Keurig Dr. Pepper, Inc.

     7,173        245,030  

Molson Coors Beverage Co., Class B

     3,636        168,638  

PepsiCo, Inc.

     3,137        471,836  
     

 

 

 
Total Beverages

 

     1,043,100  
Biotechnology – 2.4%

 

AbbVie, Inc.

     4,074        439,462  

Amgen, Inc.

     1,537        326,843  

Biogen, Inc.*

     743        210,262  

BioMarin Pharmaceutical, Inc.*

     1,587        122,659  

Gilead Sciences, Inc.

     4,186        292,392  

Moderna, Inc.*

     760        292,494  

Regeneron Pharmaceuticals, Inc.*

     388        234,810  

Seagen, Inc.*

     491        83,372  

United Therapeutics Corp.*

     451        83,246  

Vertex Pharmaceuticals, Inc.*

     860        155,995  
     

 

 

 
Total Biotechnology

 

     2,241,535  
Building Products – 0.9%

 

Carrier Global Corp.

     3,307        171,170  

Fortune Brands Home & Security, Inc.

     1,422        127,155  

Lennox International, Inc.

     539      158,558  

Masco Corp.

     3,665        203,591  

Owens Corning

     2,485        212,467  
     

 

 

 
Total Building Products

 

     872,941  
Capital Markets – 2.1%

 

Affiliated Managers Group, Inc.

     700        105,763  

Bank of New York Mellon Corp. (The)

     5,213        270,242  

CBOE Global Markets, Inc.

     581        71,963  

Goldman Sachs Group, Inc. (The)

     1,028        388,615  

Jefferies Financial Group, Inc.

     415        15,409  

Moody’s Corp.

     704        249,997  

Morgan Stanley

     4,780        465,142  

S&P Global, Inc.

     835        354,783  
     

 

 

 
Total Capital Markets

 

     1,921,914  
Chemicals – 0.9%

 

Dow, Inc.

     4,837        278,418  

Mosaic Co. (The)

     6,412        229,036  

Sherwin-Williams Co. (The)

     1,282        358,614  
     

 

 

 
Total Chemicals

 

     866,068  
Commercial Services & Supplies – 0.6%

 

Republic Services, Inc.

     1,901        228,234  

Waste Management, Inc.

     1,957        292,298  
     

 

 

 
Total Commercial Services & Supplies

 

     520,532  
Communications Equipment – 1.6%

 

Cisco Systems, Inc.

     15,797        859,831  

Juniper Networks, Inc.

     9,430        259,513  

Motorola Solutions, Inc.

     1,593        370,086  
     

 

 

 
Total Communications Equipment

 

     1,489,430  
Construction & Engineering – 0.2%

 

EMCOR Group, Inc.

     1,383        159,571  
Consumer Finance – 1.5%

 

Ally Financial, Inc.

     3,451        176,174  

American Express Co.

     2,712        454,341  

Capital One Financial Corp.

     2,020        327,180  

Credit Acceptance Corp.*

     24        14,047  

Discover Financial Services

     1,524        187,223  

OneMain Holdings, Inc.

     1,237        68,443  

Santander Consumer USA Holdings, Inc.

     500        20,850  

Synchrony Financial

     3,721        181,883  
     

 

 

 
Total Consumer Finance

 

     1,430,141  
Containers & Packaging – 0.9%

 

Avery Dennison Corp.

     945        195,813  

Berry Global Group, Inc.*

     2,676        162,915  

Crown Holdings, Inc.

     2,281        229,879  

Sealed Air Corp.

     3,781        207,161  
     

 

 

 
Total Containers & Packaging

 

     795,768  
Distributors – 0.3%

 

Genuine Parts Co.

     995        120,624  

LKQ Corp.*

     999        50,269  

Pool Corp.

     146        63,424  
     

 

 

 
Total Distributors

 

     234,317  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. ESG Fund (RESP)

September 30, 2021

 

 

 

Investments    Shares      Value  
Diversified Consumer Services – 0.1%

 

Service Corp. International

     1,356      $ 81,713  
Diversified Financial Services – 0.2%

 

Voya Financial, Inc.

     2,840        174,348  
Diversified Telecommunication Services – 1.6%

 

AT&T, Inc.

     26,505        715,900  

Verizon Communications, Inc.

     13,901        750,793  
     

 

 

 
Total Diversified Telecommunication Services

 

     1,466,693  
Electric Utilities – 1.2%

 

Avangrid, Inc.

     5,194        252,428  

Edison International

     4,883        270,860  

Eversource Energy

     3,558        290,902  

Exelon Corp.

     7,232        349,595  
     

 

 

 
Total Electric Utilities

 

     1,163,785  
Electrical Equipment – 0.6%

 

Acuity Brands, Inc.

     724        125,520  

Emerson Electric Co.

     2,847        268,187  

Vertiv Holdings Co.

     5,047        121,582  
     

 

 

 
Total Electrical Equipment

 

     515,289  
Electronic Equipment, Instruments & Components – 1.2%

 

Arrow Electronics, Inc.*

     2,185        245,354  

CDW Corp.

     1,223        222,610  

Jabil, Inc.

     4,326        252,509  

Keysight Technologies, Inc.*

     1,888        310,179  

SYNNEX Corp.

     1,028        107,015  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     1,137,667  
Entertainment – 0.3%

 

Activision Blizzard, Inc.

     2,513        194,481  

Take-Two Interactive Software, Inc.*

     379        58,393  
     

 

 

 
Total Entertainment

 

     252,874  
Equity Real Estate Investment Trusts (REITs) – 2.1%

 

AvalonBay Communities, Inc.

     1,146        253,999  

Brixmor Property Group, Inc.

     7,605        168,147  

CoreSite Realty Corp.

     888        123,024  

CubeSmart

     3,939        190,845  

Iron Mountain, Inc.

     6,318        274,517  

Kilroy Realty Corp.

     3,782        250,406  

Kimco Realty Corp.

     9,621        199,636  

Lamar Advertising Co., Class A

     1,341        152,136  

Life Storage, Inc.

     639        73,319  

Public Storage

     871        258,774  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     1,944,803  
Food Products – 2.7%

 

Archer-Daniels-Midland Co.

     3,317        199,053  

Campbell Soup Co.

     5,041        210,764  

Conagra Brands, Inc.

     6,100        206,607  

Darling Ingredients, Inc.*

     1,938        139,342  

General Mills, Inc.

     4,240        253,637  

Hershey Co. (The)

     1,377        233,057  

Hormel Foods Corp.

     3,671        150,511  

J.M. Smucker Co. (The)

     1,209        145,116  

Kellogg Co.

     3,347      213,940  

Kraft Heinz Co. (The)

     5,119        188,482  

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

     2,497        202,332  

Mondelez International, Inc., Class A

     4,766        277,286  

Tyson Foods, Inc., Class A

     1,491        117,700  
     

 

 

 
Total Food Products

 

     2,537,827  
Gas Utilities – 0.2%

 

Atmos Energy Corp.

     1,764        155,585  
Health Care Equipment & Supplies – 2.9%

 

Abbott Laboratories

     4,047        478,072  

Baxter International, Inc.

     2,922        235,017  

Becton, Dickinson and Co.

     1,087        267,206  

Boston Scientific Corp.*

     5,920        256,869  

Cooper Cos., Inc. (The)

     51        21,079  

Danaher Corp.

     1,473        448,440  

Dentsply Sirona, Inc.

     2,309        134,037  

Edwards Lifesciences Corp.*

     2,611        295,591  

Hill-Rom Holdings, Inc.

     809        121,350  

Hologic, Inc.*

     1,572        116,029  

ResMed, Inc.

     594        156,549  

West Pharmaceutical Services, Inc.

     475        201,657  
     

 

 

 
Total Health Care Equipment & Supplies

 

     2,731,896  
Health Care Providers & Services – 3.7%

 

AmerisourceBergen Corp.

     1,469        175,472  

Anthem, Inc.

     749        279,227  

Cardinal Health, Inc.

     2,877        142,296  

Centene Corp.*

     2,138        133,219  

Chemed Corp.

     36        16,744  

Cigna Corp.

     1,222        244,596  

CVS Health Corp.

     3,751        318,310  

DaVita, Inc.*

     1,283        149,162  

Encompass Health Corp.

     852        63,934  

HCA Healthcare, Inc.

     943        228,885  

Henry Schein, Inc.*

     1,640        124,902  

Humana, Inc.

     573        222,983  

Laboratory Corp. of America Holdings*

     450        126,648  

McKesson Corp.

     919        183,230  

Quest Diagnostics, Inc.

     1,220        177,278  

Tenet Healthcare Corp.*

     1,651        109,693  

UnitedHealth Group, Inc.

     1,745        681,841  

Universal Health Services, Inc., Class B

     422        58,392  
     

 

 

 
Total Health Care Providers & Services

 

     3,436,812  
Health Care Technology – 0.3%

 

Cerner Corp.

     2,071        146,047  

Change Healthcare, Inc.*

     4,016        84,095  

Omnicell, Inc.*

     487        72,285  
     

 

 

 
Total Health Care Technology

 

     302,427  
Hotels, Restaurants & Leisure – 1.8%

 

Chipotle Mexican Grill, Inc.*

     120        218,103  

Darden Restaurants, Inc.

     1,505        227,962  

Domino’s Pizza, Inc.

     236        112,563  

McDonald’s Corp.

     1,939        467,512  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. ESG Fund (RESP)

September 30, 2021

 

 

 

Investments    Shares      Value  

Starbucks Corp.

     3,549      $ 391,490  

Texas Roadhouse, Inc.

     777        70,964  

Yum! Brands, Inc.

     1,869        228,597  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,717,191  
Household Durables – 0.7%

 

Mohawk Industries, Inc.*

     791        140,323  

Newell Brands, Inc.

     6,862        151,925  

PulteGroup, Inc.

     2,373        108,968  

Tempur Sealy International, Inc.

     2,032        94,305  

Whirlpool Corp.

     938        191,221  
     

 

 

 
Total Household Durables

 

     686,742  
Household Products – 1.7%

 

Church & Dwight Co., Inc.

     2,053        169,516  

Clorox Co. (The)

     1,343        222,414  

Colgate-Palmolive Co.

     3,474        262,565  

Kimberly-Clark Corp.

     1,739        230,313  

Procter & Gamble Co. (The)

     5,015        701,097  
     

 

 

 
Total Household Products

 

     1,585,905  
Industrial Conglomerates – 0.4%

 

3M Co.

     2,147        376,627  
Insurance – 3.2%

 

Aflac, Inc.

     4,689        244,438  

Alleghany Corp.*

     59        36,840  

Allstate Corp. (The)

     2,144        272,953  

American Financial Group, Inc.

     415        52,219  

American International Group, Inc.

     3,701        203,148  

Assurant, Inc.

     874        137,874  

Cincinnati Financial Corp.

     680        77,670  

First American Financial Corp.

     1,364        91,456  

Hartford Financial Services Group, Inc. (The)

     3,836        269,479  

Lincoln National Corp.

     3,038        208,862  

Marsh & McLennan Cos., Inc.

     1,945        294,531  

MetLife, Inc.

     4,676        288,649  

Old Republic International Corp.

     11        254  

Progressive Corp. (The)

     2,677        241,974  

Prudential Financial, Inc.

     2,565        269,838  

Travelers Cos., Inc. (The)

     1,511        229,687  

W.R. Berkley Corp.

     1,531        112,039  
     

 

 

 
Total Insurance

 

     3,031,911  
Interactive Media & Services – 7.2%

 

Alphabet, Inc., Class A*

     1,574        4,208,121  

Facebook, Inc., Class A*

     6,696        2,272,555  

ZoomInfo Technologies, Inc., Class A*

     4,690        286,981  
     

 

 

 
Total Interactive Media & Services

 

     6,767,657  
Internet & Direct Marketing Retail – 3.4%

 

Amazon.com, Inc.*

     901        2,959,821  

eBay, Inc.

     3,744        260,844  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     3,220,665  
IT Services – 4.7%

 

Akamai Technologies, Inc.*

     2,371        247,983  

Automatic Data Processing, Inc.

     2,285        456,817  

Broadridge Financial Solutions, Inc.

     1,268      211,299  

Cognizant Technology Solutions Corp., Class A

     4,555        338,027  

DXC Technology Co.*

     6,713        225,624  

EPAM Systems, Inc.*

     372        212,219  

Gartner, Inc.*

     739        224,567  

International Business Machines Corp.

     3,930        545,995  

Jack Henry & Associates, Inc.

     767        125,834  

VeriSign, Inc.*

     858        175,899  

Visa, Inc., Class A

     6,698        1,491,979  

Western Union Co. (The)

     8,330        168,433  
     

 

 

 
Total IT Services

 

     4,424,676  
Leisure Products – 0.5%

 

Brunswick Corp.

     1,276        121,564  

Hasbro, Inc.

     2,385        212,790  

Mattel, Inc.*

     7,223        134,059  
     

 

 

 
Total Leisure Products

 

     468,413  
Life Sciences Tools & Services – 1.6%

 

Agilent Technologies, Inc.

     1,620        255,199  

Avantor, Inc.*

     1,990        81,391  

Bio-Rad Laboratories, Inc., Class A*

     98        73,103  

IQVIA Holdings, Inc.*

     605        144,922  

Mettler-Toledo International, Inc.*

     151        207,981  

Syneos Health, Inc.*

     594        51,963  

Thermo Fisher Scientific, Inc.

     912        521,053  

Waters Corp.*

     398        142,205  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,477,817  
Machinery – 2.1%

 

AGCO Corp.

     1,564        191,637  

Caterpillar, Inc.

     1,959        376,069  

Deere & Co.

     1,137        380,975  

Dover Corp.

     1,047        162,809  

Lincoln Electric Holdings, Inc.

     1,647        212,117  

Otis Worldwide Corp.

     1,829        150,490  

Snap-on, Inc.

     523        109,281  

Stanley Black & Decker, Inc.

     1,378        241,577  

Toro Co. (The)

     1,352        131,698  
     

 

 

 
Total Machinery

 

     1,956,653  
Media – 2.6%

 

Charter Communications, Inc., Class A*

     532        387,062  

Comcast Corp., Class A

     13,258        741,520  

Discovery, Inc., Class A