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WisdomTree Trust

Semi-Annual Report

September 30, 2022

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

Table of Contents



Information about Performance and Shareholder Expense Examples (unaudited)			1

Performance Summary (unaudited)			2

Description of Terms and Indexes (unaudited)			8

Schedules of Investments (unaudited)

WisdomTree Europe Hedged Equity Fund			11

WisdomTree Europe Hedged SmallCap Equity Fund			14

WisdomTree Germany Hedged Equity Fund			18

WisdomTree International Hedged Quality Dividend Growth Fund			21

WisdomTree Japan Hedged Equity Fund			29

WisdomTree Japan Hedged SmallCap Equity Fund			35

Statements of Assets and Liabilities (unaudited)			44

Statements of Operations (unaudited)			45

Statements of Changes in Net Assets (unaudited)			46

Financial Highlights (unaudited)			48

Notes to Financial Statements (unaudited)			51

Approval of Investment Advisory and Sub-Advisory Agreements (unaudited)			62

General Information (unaudited)			65

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

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

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

Actual expenses

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

Hypothetical example for comparison purposes

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

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


WisdomTree Trust			1

Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

Sector Breakdown†



Sector	% of Net Assets
Materials		19.1%
Industrials		17.4%
Consumer Staples		16.7%
Consumer Discretionary		11.8%
Health Care		11.4%
Financials		9.0%
Information Technology		7.9%
Communication Services		5.3%
Energy		0.7%
Utilities		0.2%
Other Assets less Liabilities‡		0.5%
Total		100.0%

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

‡	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
Linde PLC		6.4%
Deutsche Telekom AG, Registered Shares		4.1%
LVMH Moet Hennessy Louis Vuitton SE		4.1%
Sanofi		4.1%
Banco Bilbao Vizcaya Argentaria SA		3.9%
L’Oreal SA		3.8%
ASML Holding NV		3.7%
Siemens AG, Registered Shares		2.8%
Anheuser-Busch InBev SA/NV		2.7%
Koninklijke Ahold Delhaize NV		2.7%

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

The WisdomTree Europe Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index (the “Index”). In seeking to track the Index, the Fund invests in European dividend-paying companies while at the same time hedging exposure to the fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

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



	Beginning Account Value		Ending Account Value		Annualized Expense Ratio¹			Expenses Paid During the Period
Actual	$	1,000.00	$	872.10		0.69	%	$	3.24
Hypothetical (5% return before expenses)	$	1,000.00	$	1,021.61		0.69	%	$	3.50

¹	Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $2.72 and $2.94, respectively.

Performance



	Average Annual Total Return

	6-Month*			1 Year			3 Year			5 Year			10 Year
Fund NAV Returns		-12.79	%		-14.62	%		0.38	%		1.93	%		7.54	%
Fund Market Price Returns		-13.44	%		-15.59	%		-0.01	%		1.67	%		7.33	%
WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index¹		-12.84	%		-14.39	%		0.82	%		2.33	%		7.96	%
MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index²		-14.54	%		-18.01	%		-0.46	%		0.43	%		6.20	%

*	Returns of less than one year are cumulative.

¹	WisdomTree DEFA International Hedged Equity Index prior to August 29, 2012; WisdomTree Europe Hedged Equity Index thereafter.

²	MSCI EAFE Local Currency Index prior to August 29, 2012; MSCI EMU Local Currency Index thereafter.

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


2		WisdomTree Trust

Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

Sector Breakdown†



Sector	% of Net Assets
Industrials		21.0%
Financials		17.2%
Utilities		14.0%
Real Estate		11.8%
Communication Services		8.0%
Materials		7.9%
Consumer Discretionary		5.6%
Information Technology		4.5%
Consumer Staples		4.0%
Health Care		3.0%
Energy		1.7%
Other Assets less Liabilities‡		1.3%
Total		100.0%

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

‡	Other assets 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
Enagas SA		2.3%
Acciona SA		2.3%
BAWAG Group AG		2.2%
Mapfre SA		1.9%
Italgas SpA		1.9%
ASR Nederland NV		1.8%
Covivio		1.7%
Proximus SADP		1.7%
Klepierre SA		1.6%
Freenet AG		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 Europe Hedged SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in European small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

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



	Beginning Account Value		Ending Account Value		Annualized Expense Ratio			Expenses Paid During the Period
Actual	$	1,000.00	$	837.10		0.58	%	$	2.67
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.16		0.58	%	$	2.94

Performance



	Average Annual Total Return

	6-Month*			1 Year			3 Year			5 Year			Since Inception¹
Fund NAV Returns		-16.29	%		-17.83	%		0.74	%		1.23	%		4.84	%
Fund Market Price Returns		-17.20	%		-18.88	%		0.43	%		0.99	%		4.55	%
WisdomTree Europe Hedged SmallCap Equity Index		-16.56	%		-17.99	%		0.91	%		1.22	%		4.92	%
MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index		-21.34	%		-24.22	%		1.28	%		0.63	%		4.43	%
MSCI EMU Small Cap Index		-30.74	%		-35.91	%		-2.26	%		-3.06	%		2.50	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on March 4, 2015.


WisdomTree Trust			3

Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Germany Hedged Equity Fund (DXGE)

Sector Breakdown†



Sector	% of Net Assets
Financials		19.1%
Industrials		18.5%
Consumer Discretionary		13.3%
Health Care		11.4%
Materials		10.0%
Communication Services		10.0%
Utilities		7.3%
Information Technology		6.2%
Consumer Staples		2.9%
Energy		0.1%
Real Estate		0.0%	*
Other Assets less Liabilities‡		1.2%
Total		100.0%

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

‡	Other assets 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
Deutsche Telekom AG, Registered Shares		8.2%
Bayer AG, Registered Shares		6.5%
Allianz SE, Registered Shares		6.4%
Siemens AG, Registered Shares		5.5%
SAP SE		5.0%
BASF SE		4.8%
Muenchener Rueckversicherungs - Gesellschaft AG in Muenchen, Registered Shares		4.7%
Mercedes-Benz Group AG		4.7%
E.ON SE		4.6%
Deutsche Post AG, Registered Shares		4.3%

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

The WisdomTree Germany Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Germany Hedged Equity Index (the “Index”). In seeking to track the Index, the Fund invests in German dividend-paying companies with an exporter tilt while at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

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



	Beginning Account Value		Ending Account Value		Annualized Expense Ratio			Expenses Paid During the Period
Actual	$	1,000.00	$	853.60		0.48	%	$	2.23
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.66		0.48	%	$	2.43

Performance



	Average Annual Total Return

	6-Month*			1 Year			3 Year			5 Year			Since Inception¹
Fund NAV Returns		-14.64	%		-16.32	%		1.46	%		0.77	%		5.11	%
Fund Market Price Returns		-15.29	%		-17.25	%		1.13	%		0.51	%		4.87	%
WisdomTree Germany Hedged Equity Index		-15.02	%		-16.55	%		1.60	%		0.90	%		5.27	%
MSCI Germany Local Currency Index		-18.72	%		-25.64	%		-3.60	%		-3.11	%		2.19	%
MSCI Germany Index		-28.44	%		-37.15	%		-6.97	%		-6.68	%		-1.54	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NASDAQ on October 17, 2013.


4		WisdomTree Trust

Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

Sector Breakdown†



Sector	% of Net Assets
Health Care		22.5%
Materials		18.8%
Consumer Discretionary		18.2%
Industrials		16.9%
Information Technology		10.1%
Consumer Staples		6.8%
Energy		2.3%
Financials		2.1%
Communication Services		1.3%
Real Estate		0.1%
Investment Company		0.1%
Utilities		0.0%	*
Other Assets less Liabilities‡		0.8%
Total		100.0%

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

‡	Other assets 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
Novo Nordisk A/S, Class B		6.2%
Roche Holding AG		5.9%
LVMH Moet Hennessy Louis Vuitton SE		5.8%
BHP Group Ltd.		5.1%
Rio Tinto Ltd.		4.8%
Anglo American PLC		4.4%
Diageo PLC		3.3%
Industria de Diseno Textil SA		3.3%
Deutsche Post AG, Registered Shares		2.2%
CSL Ltd.		2.1%

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

The WisdomTree International Hedged Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Hedged Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in developed countries, excluding U.S. and Canada, while at the same time hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

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



	Beginning Account Value		Ending Account Value		Annualized Net Expense Ratio¹			Expenses Paid During the Period
Actual	$	1,000.00	$	862.40		0.59	%	$	2.75
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.11		0.59	%	$	2.99

¹	Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $2.71 and $2.94, respectively.

Performance



	Average Annual Total Return

	6-Month*			1 Year			3 Year			5 Year			Since Inception¹
Fund NAV Returns		-13.76	%		-13.21	%		5.72	%		5.65	%		7.18	%
Fund Market Price Returns		-14.06	%		-13.47	%		5.37	%		5.48	%		7.01	%
WisdomTree International Hedged Quality Dividend Growth Index		-13.76	%		-12.86	%		6.26	%		6.28	%		7.82	%
MSCI EAFE Local Currency Index		-11.14	%		-11.11	%		2.51	%		2.83	%		4.97	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014.


WisdomTree Trust			5

Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

Sector Breakdown†



Sector	% of Net Assets
Industrials		21.0%
Consumer Discretionary		17.3%
Financials		15.4%
Consumer Staples		10.4%
Information Technology		10.3%
Materials		8.6%
Health Care		8.5%
Communication Services		3.9%
Energy		2.5%
Other Assets less Liabilities‡		2.1%
Total		100.0%

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

‡	Other assets 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
Japan Tobacco, Inc.		4.9%
Toyota Motor Corp.		4.8%
Mitsubishi UFJ Financial Group, Inc.		4.0%
Takeda Pharmaceutical Co. Ltd.		3.7%
Nintendo Co. Ltd.		3.2%
Sumitomo Mitsui Financial Group, Inc.		3.1%
ITOCHU Corp.		2.6%
Mitsubishi Corp.		2.4%
Mizuho Financial Group, Inc.		2.2%
Tokio Marine Holdings, Inc.		2.0%

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

The WisdomTree Japan Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index (the “Index”). The Fund seeks to provide Japanese equity returns while mitigating or “hedging” against fluctuations between the value of the Japanese yen and the U.S. dollar. In seeking to track the Index, the Fund invests in Japanese dividend-paying companies with an exporter tilt while at the same time hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

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



	Beginning Account Value		Ending Account Value		Annualized Expense Ratio			Expenses Paid During the Period
Actual	$	1,000.00	$	965.50		0.48	%	$	2.37
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.66		0.48	%	$	2.43

Performance



	Average Annual Total Return

	6-Month*			1 Year			3 Year			5 Year			10 Year
Fund NAV Returns		-3.45	%		-0.07	%		9.98	%		5.01	%		10.81	%
Fund Market Price Returns		-2.21	%		0.87	%		9.83	%		5.09	%		10.87	%
WisdomTree Japan Hedged Equity Index		-3.29	%		0.21	%		10.37	%		5.48	%		11.47	%
MSCI Japan Local Currency Index		-6.00	%		-8.28	%		7.31	%		4.50	%		11.55	%

*	Returns of less than one year are cumulative.


6		WisdomTree Trust

Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

Sector Breakdown†



Sector	% of Net Assets
Industrials		24.0%
Consumer Discretionary		16.3%
Materials		14.7%
Financials		13.6%
Information Technology		11.5%
Consumer Staples		6.7%
Health Care		3.9%
Utilities		2.3%
Communication Services		2.2%
Real Estate		1.7%
Energy		1.4%
Other Assets less Liabilities‡		1.7%
Total		100.0%

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

‡	Other assets 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
Electric Power Development Co. Ltd.		0.9%
Nishimatsu Construction Co. Ltd.		0.8%
Toyo Seikan Group Holdings Ltd.		0.8%
Mebuki Financial Group, Inc.		0.8%
Cosmo Energy Holdings Co. Ltd.		0.7%
Aozora Bank Ltd.		0.7%
Seven Bank Ltd.		0.7%
Sankyo Co. Ltd.		0.7%
Konica Minolta, Inc.		0.6%
SHO-BOND Holdings Co. Ltd.		0.6%

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

The WisdomTree Japan Hedged SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in Japanese small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

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



	Beginning Account Value		Ending Account Value		Annualized Expense Ratio			Expenses Paid During the Period
Actual	$	1,000.00	$	1,044.50		0.58	%	$	2.97
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.16		0.58	%	$	2.94

Performance



	Average Annual Total Return

	6-Month*			1 Year			3 Year			5 Year			Since Inception¹
Fund NAV Returns		4.45	%		-0.67	%		7.00	%		3.09	%		8.92	%
Fund Market Price Returns		5.85	%		0.40	%		6.83	%		3.09	%		8.86	%
WisdomTree Japan Hedged SmallCap Equity Index		4.70	%		-0.34	%		7.57	%		3.66	%		9.68	%
MSCI Japan Small Cap Local Currency Index		0.90	%		-6.02	%		5.77	%		2.75	%		8.64	%
MSCI Japan Small Cap Index		-15.39	%		-27.56	%		-4.04	%		-2.29	%		4.31	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 28, 2013.


WisdomTree Trust			7

Description of Terms and Indexes (unaudited)

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

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.

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

The MSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.

The MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index is a free float-adjusted market capitalization weighted index that captures small cap representation across the 10 Developed Market countries in the EMU and is calculated in local currency.

The MSCI EMU Small Cap Index captures small-cap representation across the 10 developed markets countries in the European Economic and Monetary Union (“EMU”).

The MSCI Germany Local Currency Index is a capitalization weighted index that measures the performance of the Germany equity market and provides local currency returns, which are not translated back to U.S. dollars.

The MSCI Germany Index is designed to measure the performance of the large- and mid-cap segments of the German market. With 61 constituents, the index covers about 85% of the equity universe in Germany.

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

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

The MSCI Japan Small Cap Local Currency Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan and calculated in local currency.

The MSCI Japan Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan.

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.

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

The WisdomTree DEFA International Hedged Equity Index is a dividend weighted index designed to provide exposure to developed world, non-U.S. equity securities while at the same time neutralizing exposure to fluctuations between the value of the U.S. dollar and non-U.S. currencies reflected in the index. This index is based on the WisdomTree International Equity Index.

The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the U.S. dollar.

The WisdomTree Europe Hedged SmallCap Equity Index is designed to provide exposure to the European equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to U.S. dollar.

The WisdomTree Germany Hedged Equity Index is designed to provide exposure to Germany equity markets while at the same time neutralizing exposure to fluctuations of


8		WisdomTree Trust

Description of Terms and Indexes (unaudited) (continued)

the Euro movements relative to the U.S. dollar. In this sense, the Index “hedges” against fluctuations in the relative value of the Euro against the U.S. dollar.

The WisdomTree International Hedged Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar.

The WisdomTree Japan Hedged Equity Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.

The WisdomTree Japan Hedged SmallCap Equity Index is designed to provide exposure to the small-capitalization segment of the Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.

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

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

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

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

* * * * * *


WisdomTree Trust			9

Description of Terms and Indexes (unaudited) (concluded)

Abbreviations used in the schedules of investments and related tables included in this report are as follows:



Currency abbreviations:
AUD	Australian dollar	ILS	Israeli new shekel
CHF	Swiss franc	JPY	Japanese yen
DKK	Danish krone	NOK	Norwegian krone
EUR	Euro	SEK	Swedish krona
GBP	British pound	SGD	Singapore dollar
HKD	Hong Kong dollar	USD	U.S. dollar

Other abbreviations:
CVA	Certificaten Van Aandelen (Certificate of Stock)
RSP	Risparmio Italian Savings Shares


10		WisdomTree Trust

Schedule of Investments (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

September 30, 2022


Investments	Shares		Value

COMMON STOCKS – 99.5%

Austria – 0.5%

Andritz AG		131,902	$	5,639,063

AT&S Austria Technologie & Systemtechnik AG		15,383		507,104

Total Austria				6,146,167

Belgium – 4.8%

Anheuser-Busch InBev SA		685,913		31,410,513

Bekaert SA		93,334		2,366,328

Fagron		30,895		381,052

Melexis NV		35,677		2,446,567

Solvay SA		150,218		11,719,904

UCB SA		98,981		6,896,273

Total Belgium				55,220,637

Finland – 3.9%

Cargotec Oyj, Class B		50,472		1,537,736

Fiskars Oyj Abp^(a)		82,574		1,202,079

Huhtamaki Oyj^(a)		104,989		3,359,161

Kemira Oyj		245,238		2,726,807

Kone Oyj, Class B		535,992		20,798,594

Konecranes Oyj		76,835		1,541,558

Metso Outotec Oyj		775,069		5,205,734

Revenio Group Oyj		5,176		193,294

Valmet Oyj		270,677		5,523,463

Wartsila Oyj Abp^(a)		401,686		2,590,093

Total Finland				44,678,519

France – 26.8%

Air Liquide SA^(a)		236,384		27,223,783

Arkema SA		39,139		2,878,756

BioMerieux		10,182		811,948

Bureau Veritas SA		146,086		3,288,739

Cie Generale des Etablissements Michelin SCA^(a)		292,441		6,633,670

Danone SA		373,968		17,793,991

Dassault Systemes SE		74,303		2,601,183

EssilorLuxottica SA		90,011		12,375,958

Eutelsat Communications SA		267,165		2,072,887

Hermes International		8,419		10,037,416

Imerys SA^(a)		38,625		1,175,278

IPSOS		22,689		1,020,232

Kering SA		24,341		10,934,425

L’Oreal SA^(a)		133,322		43,133,577

Lectra		3,087		85,887

Legrand SA		96,085		6,274,682

LVMH Moet Hennessy Louis Vuitton SE^(a)		78,270		46,803,754

Nexans SA		8,303		747,518

Pernod Ricard SA		57,908		10,713,377

Publicis Groupe SA		213,670		10,235,834

Remy Cointreau SA^(a)		8,041		1,346,241

Rubis SCA		106,035		2,221,932

Safran SA		26,268		2,419,201

Sanofi		608,166		46,709,910

Sartorius Stedim Biotech^(a)		2,961		919,826

Schneider Electric SE		244,849		28,049,960

SEB SA^(a)		14,735		933,954

Societe BIC SA^(a)		38,035		2,418,237

Teleperformance^(a)		9,406		2,404,085

Valeo^(a)		46,606		713,628

Vicat SA^(a)		28,030		632,943

Total France				305,612,812

Germany – 24.1%

adidas AG		32,944		3,836,683

AIXTRON SE		9,698		236,851

BASF SE		722,736		28,037,914

Bayer AG, Registered Shares		610,227		28,345,100

Bayerische Motoren Werke AG		195,926		13,433,800

Beiersdorf AG		27,521		2,721,707

Brenntag SE		56,525		3,454,274

Covestro AG^(b)		65,248		1,888,202

Deutsche Telekom AG, Registered Shares		2,767,315		47,420,802

Duerr AG		8,664		181,976

Eckert & Ziegler Strahlen – und Medizintechnik AG		744		25,058

Evonik Industries AG		288,913		4,882,329

Fresenius SE & Co. KGaA		189,183		4,068,061

GEA Group AG		83,145		2,715,642

Hannover Rueck SE		78,104		11,798,546

Hapag-Lloyd AG^(a)(b)		74,978		12,832,095

HeidelbergCement AG		103,132		4,127,208

Henkel AG & Co. KGaA		100,215		5,723,637

Hochtief AG		60,213		2,882,137

Infineon Technologies AG		110,112		2,449,755

Knorr-Bremse AG		41,215		1,791,899

LANXESS AG		20,136		593,168

Mercedes-Benz Group AG		394,760		20,245,134

Merck KGaA		20,488		3,347,853

NORMA Group SE		8,354		113,185

Puma SE		3,215		151,085

SAP SE		273,330		22,524,616

Siemens AG, Registered Shares		318,779		31,603,926

Siemens Healthineers AG^(b)		229,815		9,969,120

Software AG		22,367		515,366

Symrise AG		16,560		1,629,600

Wacker Chemie AG		15,702		1,632,848

Total Germany				275,179,577

Ireland – 2.9%

CRH PLC^(a)		748,288		24,242,299

Glanbia PLC^(a)		335,806		3,875,293

Kerry Group PLC, Class A		54,067		4,830,565

Total Ireland				32,948,157

Italy – 2.6%

Carel Industries SpA^(b)		17,201		322,527

Danieli & C. Officine Meccaniche SpA^(a)		8,418		143,492

Datalogic SpA^(a)		21,764		139,227

Davide Campari-Milano NV		303,566		2,709,803

DiaSorin SpA^(a)		12,180		1,369,809

El.En. SpA		26,490		301,550

Ferrari NV^(a)		50,382		9,461,682

See Notes to Financial Statements.


WisdomTree Trust			11

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Hedged Equity Fund (HEDJ)

September 30, 2022


Investments	Shares		Value

GVS SpA^*(a)(b)		70,799	$	418,230

Moncler SpA^(a)		122,194		5,074,393

Piaggio & C. SpA^(a)		685,914		1,394,979

Pirelli & C. SpA^(a)(b)		610,712		2,010,234

Prysmian SpA		164,908		4,785,173

Reply SpA		7,350		774,766

Webuild SpA^(a)		955,242		1,174,432

Total Italy				30,080,297

Netherlands – 17.9%

Aegon NV^(a)		2,586,801		10,395,120

Akzo Nobel NV		150,999		8,627,052

AMG Advanced Metallurgical Group NV		10,016		228,427

Arcadis NV		70,904		2,333,892

ASM International NV		16,813		3,850,061

ASML Holding NV		100,225		42,573,187

BE Semiconductor Industries NV		112,187		4,900,618

Corbion NV		29,980		753,632

Heineken Holding NV		143,326		9,898,854

Heineken NV		239,874		21,116,426

IMCD NV^(a)		18,065		2,169,698

Koninklijke Ahold Delhaize NV		1,223,007		31,312,827

Koninklijke DSM NV		89,182		10,261,269

Koninklijke Philips NV		757,569		11,874,436

Koninklijke Vopak NV		167,408		3,066,823

SBM Offshore NV^(a)		403,220		5,093,710

Signify NV^(b)		244,206		6,370,864

STMicroelectronics NV^(a)		195,423		6,174,136

Wolters Kluwer NV		244,730		23,955,788

Total Netherlands				204,956,820

Spain – 9.0%

Acerinox SA		676,025		5,429,271

Applus Services SA		101,196		568,549

Banco Bilbao Vizcaya Argentaria SA		9,769,621		44,221,912

Banco Santander SA		10,014,240		23,520,548

Cie Automotive SA		107,182		2,234,417

Fluidra SA^(a)		196,348		2,985,307

Grifols SA^*(a)		298,233		2,595,000

Mapfre SA^(a)		8,465,507		13,186,238

Prosegur Cash SA^(b)		2,112,841		1,314,351

Prosegur Cia de Seguridad SA^*		1,007,527		1,532,848

Viscofan SA		84,774		4,642,429

Total Spain				102,230,870

United Kingdom – 7.0%

CNH Industrial NV		589,765		6,719,385

Linde PLC^(a)		268,632		73,475,743

Total United Kingdom				80,195,128
TOTAL COMMON STOCKS (Cost: $1,463,555,721)				1,137,248,984

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.9%

United States – 4.9%

State Street Navigator Securities Lending Government Money Market Portfolio, 3.07%^(c)
(Cost: $55,569,027)		55,569,027		55,569,027

TOTAL INVESTMENTS IN SECURITIES – 104.4% (Cost: $1,519,124,748)				1,192,818,011

Other Assets less Liabilities – (4.4)%				(50,080,025	)

NET ASSETS – 100.0%			$	1,142,737,986

^*	Non-income producing security.

^(a)

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $62,049,690 and the total market value of the collateral held by the Fund was $66,106,153. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $10,537,126.

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

^(c)	Rate shown represents annualized 7-day yield as of September 30, 2022.

See Notes to Financial Statements.


12		WisdomTree Trust

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Hedged Equity Fund (HEDJ)

September 30, 2022



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation
Bank of America NA		10/3/2022		630,000	USD		642,494	EUR	$	581	$	—
Bank of America NA		10/5/2022		311,970,034	EUR		305,646,401	USD		—		(4,325	)
Bank of America NA		10/5/2022		313,182,888	USD		310,856,130	EUR		8,632,121		—
Bank of America NA		11/3/2022		283,520,228	USD		288,813,310	EUR		1,972		—
Citibank NA		10/5/2022		311,971,626	EUR		305,646,401	USD		—		(2,765	)
Citibank NA		11/3/2022		283,520,229	USD		288,813,899	EUR		1,395		—
Goldman Sachs		10/5/2022		3,448,945	EUR		3,349,550	USD		29,437		—
Goldman Sachs		11/3/2022		6,330,058	EUR		6,214,142	USD		—		(138	)
JP Morgan Chase Bank NA		10/5/2022		13,335,919	EUR		13,398,198	USD		—		(332,783	)
JP Morgan Chase Bank NA		10/5/2022		6,858,273	EUR		6,699,099	USD		20,061		—
JP Morgan Chase Bank NA		10/5/2022		311,970,352	EUR		305,646,401	USD		—		(4,013	)
JP Morgan Chase Bank NA		10/5/2022		313,182,888	USD		310,775,928	EUR		8,710,696		—
JP Morgan Chase Bank NA		11/3/2022		283,520,229	USD		288,813,605	EUR		1,684		—
Morgan Stanley & Co. International		10/5/2022		311,990,733	EUR		305,646,401	USD		15,954		—
Morgan Stanley & Co. International		10/5/2022		313,182,888	USD		310,774,387	EUR		8,712,207		—
Morgan Stanley & Co. International		11/3/2022		283,520,229	USD		288,831,847	EUR		—		(16,224	)
UBS AG		10/5/2022		6,721,751	EUR		6,699,099	USD		—		(113,691	)
UBS AG		10/5/2022		313,182,886	USD		310,774,076	EUR		8,712,509		—
									$	34,838,617	$	(473,939	)

FAIR VALUATION SUMMARY

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



	Quoted Prices in Active Markets (Level 1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Assets:
Investments in Securities
Common Stocks	$	1,137,248,984	$	—		$	—	$	1,137,248,984
Investment of Cash Collateral for Securities Loaned		—		55,569,027			—		55,569,027
Total Investments in Securities	$	1,137,248,984	$	55,569,027		$	—	$	1,192,818,011
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	34,838,617		$	—	$	34,838,617
Liabilities:
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	(473,939	)	$	—	$	(473,939	)
Total – Net	$	1,137,248,984	$	89,933,705		$	—	$	1,227,182,689

¹	Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

See Notes to Financial Statements.


WisdomTree Trust			13

Schedule of Investments (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

September 30, 2022


Investments	Shares		Value

COMMON STOCKS – 98.7%

Austria – 7.0%

Andritz AG		6,026	$	257,623

AT&S Austria Technologie & Systemtechnik AG		799		26,339

BAWAG Group AG^(a)		14,191		618,092

EVN AG		6,183		103,214

Kontron AG		1,682		24,008

Oesterreichische Post AG^(b)		7,831		209,436

POLYTEC Holding AG^(b)		2,165		9,618

S IMMO AG		3,784		84,149

Semperit AG Holding^(b)		2,846		47,955

Telekom Austria AG^*		11,448		66,281

UNIQA Insurance Group AG		14,839		88,094

Vienna Insurance Group AG Wiener Versicherung Gruppe		5,734		117,402

Voestalpine AG		8,218		140,969

Wienerberger AG		6,207		125,262

Zumtobel Group AG		2,992		17,587

Total Austria				1,936,029

Belgium – 10.1%

Ackermans & van Haaren NV		1,115		142,109

Aedifica SA		2,173		167,854

Befimmo SA		3,894		178,149

Bekaert SA		4,706		119,313

Cofinimmo SA		3,521		292,505

D’ieteren Group		982		139,781

Deceuninck NV		7,200		13,430

Econocom Group SA/NV		13,746		34,339

Elia Group SA/NV		2,274		268,218

Etablissements Franz Colruyt NV		9,041		199,283

Fagron		2,381		29,367

Intervest Offices & Warehouses NV		4,016		91,669

Ion Beam Applications		1,038		12,202

Melexis NV		1,884		129,196

Proximus SADP		45,558		472,864

Recticel SA		2,384		31,389

Telenet Group Holding NV		10,777		148,969

TINC Comm VA		2,451		29,870

Warehouses De Pauw CVA		10,564		259,967

Xior Student Housing NV		1,501		46,907

Total Belgium				2,807,381

Denmark – 0.2%

Cementir Holding NV		7,978		43,689

Finland – 9.0%

Aktia Bank Oyj		8,049		76,250

Anora Group Oyj		9,665		64,385

Cargotec Oyj, Class B		2,584		78,727

Caverion Oyj		4,684		19,708

Huhtamaki Oyj		4,854		155,305

Kamux Corp.		1,445		7,503

Kemira Oyj		11,973		133,128

Kojamo Oyj		8,751		112,477

Konecranes Oyj		3,679		73,813

Lassila & Tikanoja Oyj^(b)		3,101		30,288

Metsa Board Oyj, Class B		19,421		142,123

Metso Outotec Oyj		35,028		235,265

Musti Group Oyj^*		610		10,649

Nokian Renkaat Oyj		14,521		140,832

Oma Saastopankki Oyj		1,606		27,470

Orion Oyj, Class B		7,767		327,793

Pihlajalinna Oyj		1,044		9,481

Raisio Oyj, Class V		9,367		17,307

Revenio Group Oyj		325		12,137

Rovio Entertainment Oyj^(a)		3,251		18,138

Sanoma Oyj		4,216		50,636

Suominen Oyj^(b)		3,303		8,526

Taaleri Oyj		2,376		21,321

Talenom Oyj		883		7,612

Terveystalo Oyj^(a)		4,112		33,314

TietoEVRY Oyj		11,257		256,509

Tokmanni Group Corp.		6,866		75,200

Uponor Oyj		4,833		63,823

Valmet Oyj		12,601		257,137

Verkkokauppa.com Oyj^(b)		3,785		11,309

YIT Oyj^(b)		12,095		34,054

Total Finland				2,512,220

France – 16.3%

ABC Arbitrage		2,979		18,678

AKWEL		1,043		14,938

Alten SA		505		56,250

Bigben Interactive		673		6,896

Chargeurs SA		2,348		27,281

Cie Plastic Omnium SA		6,004		79,522

Coface SA^*		12,758		122,922

Covivio		9,825		476,633

Eutelsat Communications SA		32,073		248,849

Fnac Darty SA		953		26,514

Groupe SFPI		4,520		9,299

ICADE		7,509		281,006

Imerys SA		5,153		156,795

IPSOS		2,962		133,189

Kaufman & Broad SA		2,153		42,500

Klepierre SA^*		26,077		457,279

Korian SA		1,857		19,084

Lectra		558		15,525

Maisons du Monde SA^(a)		1,142		9,056

Mersen SA		1,006		28,137

Nexans SA		1,079		97,142

Nexity SA		8,187		167,466

Quadient SA		1,482		20,660

Rexel SA		22,088		334,964

Rothschild & Co.		3,873		127,105

Rubis SCA		11,901		249,382

Societe BIC SA		4,668		296,788

Sopra Steria Group SACA		511		65,328

SPIE SA		8,538		180,501

Television Francaise 1		21,722		125,445

See Notes to Financial Statements.


14		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

September 30, 2022


Investments	Shares		Value

Trigano SA		1,091	$	96,833

Valeo		5,322		81,490

Verallia SA^(a)		6,592		149,306

Vicat SA		3,420		77,227

Wendel SE		3,262		235,996

Total France				4,535,986

Germany – 13.2%

1&1 AG		695		9,239

7C Solarparken AG		6,513		29,637

Aareal Bank AG^*		2,242		72,524

AIXTRON SE		1,290		31,505

alstria office REIT AG		11,000		79,366

AURELIUS Equity Opportunities SE & Co. KGaA		2,436		45,509

Aurubis AG		1,620		85,668

Bechtle AG		1,717		62,455

Bilfinger SE		5,351		135,246

CANCOM SE		940		22,432

CompuGroup Medical SE & Co. KgaA		765		26,650

CropEnergies AG		5,300		63,967

Dermapharm Holding SE		1,485		54,234

Deutsche Pfandbriefbank AG^(a)		6,855		47,613

DIC Asset AG		6,937		52,804

Duerr AG		1,188		24,952

Eckert & Ziegler Strahlen – und Medizintechnik AG		211		7,107

Encavis AG		4,541		82,210

Fielmann AG		3,295		106,393

Freenet AG		23,515		448,059

GEA Group AG		10,175		332,331

Gerresheimer AG		929		45,778

GFT Technologies SE		344		10,380

GRENKE AG		701		12,842

Hamborner REIT AG		11,221		77,608

Hamburger Hafen und Logistik AG		3,036		33,192

Hensoldt AG		1,972		39,700

Hochtief AG		7,247		346,883

Hornbach Holding AG & Co. KGaA		561		35,393

Instone Real Estate Group SE^(a)		1,415		11,797

Jenoptik AG		911		18,153

JOST Werke AG^(a)		609		21,299

LANXESS AG		2,620		77,180

MLP SE		5,178		26,378

Mutares SE & Co. KGaA		2,491		36,312

NORMA Group SE		862		11,679

PATRIZIA SE		2,369		24,461

ProSiebenSat.1 Media SE		21,339		152,730

Rheinmetall AG		1,910		296,013

Scout24 SE^(a)		2,347		118,917

Software AG		2,894		66,682

Stroeer SE & Co. KGaA		2,828		107,272

Suedzucker AG		5,916		71,808

TAG Immobilien AG		9,377		75,464

Varta AG^(b)		1,211		34,819

VERBIO Vereinigte BioEnergie AG		582		34,494

Wacker Neuson SE		2,541		33,531

Wuestenrot & Wuerttembergische AG		2,237		29,848

Total Germany				3,670,514

Ireland – 0.8%

Glanbia PLC		16,353		188,718

Origin Enterprises PLC		9,517		33,797

Uniphar PLC^*		4,189		12,927

Total Ireland				235,442

Italy – 16.0%

A2A SpA		361,535		354,107

ACEA SpA		11,387		124,270

Alerion Cleanpower SpA		1,396		45,199

Anima Holding SpA^(a)		45,881		131,696

Ascopiave SpA		8,717		18,019

Avio SpA		1,452		13,072

Azimut Holding SpA		15,555		224,081

Banca IFIS SpA		2,656		29,610

Banca Popolare di Sondrio SpA		19,052		63,309

Banco BPM SpA		55,498		146,469

BFF Bank SpA^(a)		41,435		276,836

BPER Banca		50,041		77,505

Brembo SpA		11,933		99,308

Buzzi Unicem SpA		5,345		76,370

Cairo Communication SpA		11,715		16,205

Carel Industries SpA^(a)		947		17,757

Credito Emiliano SpA		18,807		106,677

Danieli & C. Officine Meccaniche SpA		342		5,830

Danieli & C. Officine Meccaniche SpA, RSP		830		9,952

Datalogic SpA^(b)		728		4,657

De’ Longhi SpA		4,771		70,436

doValue SpA^(a)		4,164		22,110

El.En. SpA		1,076		12,249

Emak SpA		6,942		6,073

ERG SpA		7,217		199,802

Esprinet SpA		5,198		31,928

Fila SpA		1,268		8,720

Gruppo MutuiOnline SpA		1,070		21,048

GVS SpA^*(a)		3,505		20,705

Hera SpA		122,031		261,331

Interpump Group SpA		1,609		52,679

Iren SpA		120,186		159,773

Italgas SpA		110,238		515,782

Maire Tecnimont SpA^(b)		18,114		42,908

MARR SpA		1,681		15,924

Piaggio & C. SpA		33,383		67,893

Pirelli & C. SpA^(a)		27,033		88,982

Prysmian SpA		8,326		241,597

RAI Way SpA^(a)		21,424		98,098

Reply SpA		334		35,207

SAES Getters SpA		383		7,504

Salcef Group SpA		3,139		43,175

Sanlorenzo SpA		1,001		32,312

Sesa SpA		274		30,037

See Notes to Financial Statements.


WisdomTree Trust			15

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

September 30, 2022


Investments	Shares		Value

SOL SpA		2,863	$	44,034

Technogym SpA^(a)		7,708		48,478

Tinexta SpA		162		3,038

Unieuro SpA^(a)(b)		4,678		47,020

Unipol Gruppo SpA		73,597		287,965

Webuild SpA^(b)		44,615		54,852

Zignago Vetro SpA		2,746		29,753

Total Italy				4,442,342

Netherlands – 8.1%

Aalberts NV		4,056		134,184

AMG Advanced Metallurgical Group NV		389		8,872

Arcadis NV		3,577		117,741

ASR Nederland NV		13,106		508,051

BE Semiconductor Industries NV^(b)		5,048		220,510

Brunel International NV		4,251		35,648

Corbion NV		1,695		42,609

Eurocommercial Properties NV		2,530		50,462

Heijmans NV, CVA		4,348		40,763

Koninklijke Vopak NV		7,691		140,895

Ordina NV		18,620		69,772

PostNL NV^(b)		134,287		226,668

SBM Offshore NV		18,288		231,025

Signify NV^(a)		11,092		289,369

TKH Group NV, CVA		1,765		57,751

Van Lanschot Kempen NV		1,395		27,059

Wereldhave NV^(b)		3,009		34,636

Total Netherlands				2,236,015

Portugal – 2.4%

Altri SGPS SA		16,267		82,469

Corticeira Amorim SGPS SA		3,203		28,554

CTT – Correios de Portugal SA		4,488		11,915

Navigator Co. SA		55,204		188,525

REN – Redes Energeticas Nacionais SGPS SA		81,946		193,872

Sonae SGPS SA		186,366		150,532

Total Portugal				655,867

Spain – 15.6%

Acciona SA		3,623		640,998

Acerinox SA		30,560		245,432

Aedas Homes SA^(a)		4,560		65,042

Almirall SA		5,385		52,016

Applus Services SA		5,657		31,783

Audax Renovables SA^*(b)		12,850		10,511

Bankinter SA		63,897		360,932

Cia de Distribucion Integral Logista Holdings SA		23,848		435,714

Cie Automotive SA		5,231		109,050

Ebro Foods SA^(b)		9,989		146,003

Enagas SA		41,478		643,641

Faes Farma SA		31,487		114,440

Grupo Catalana Occidente SA		2,557		64,252

Grupo Empresarial San Jose SA		2,658		9,010

Inmobiliaria Colonial Socimi SA		37,157		179,675

Laboratorios Farmaceuticos Rovi SA		916		39,663

Linea Directa Aseguradora SA Cia de Seguros y Reaseguros		86,221		81,257

Mapfre SA		343,349		534,815

Neinor Homes SA^(a)		6,776		61,934

Pharma Mar SA		311		16,562

Prosegur Cash SA^(a)(b)		63,043		39,218

Prosegur Cia de Seguridad SA^*		37,246		56,666

Sacyr SA^(b)		51,399		112,690

Unicaja Banco SA^(a)		61,128		55,483

Viscofan SA		3,937		215,599

Total Spain				4,322,386
TOTAL COMMON STOCKS (Cost: $41,571,000)				27,397,871

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8%

United States – 2.8%

State Street Navigator Securities Lending Government Money Market Portfolio, 3.07%^(c)
(Cost: $768,272)		768,272		768,272

TOTAL INVESTMENTS IN SECURITIES – 101.5% (Cost: $42,339,272)				28,166,143

Other Assets less Liabilities – (1.5)%				(399,672	)

NET ASSETS – 100.0%			$	27,766,471

^*	Non-income producing security.

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

^(b)

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $944,220. The Fund also had securities on loan having a total market value of $4,599 that were sold and pending settlement. The total market value of the collateral held by the Fund was $1,005,117. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $236,845.

^(c)	Rate shown represents annualized 7-day yield as of September 30, 2022.

See Notes to Financial Statements.


16		WisdomTree Trust

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

September 30, 2022



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation
Bank of America NA		10/5/2022		7,726,898	EUR		7,570,274	USD	$	—	$	(107	)
Bank of America NA		10/5/2022		13,441,090	USD		13,341,231	EUR		370,471		—
Bank of America NA		11/3/2022		6,801,466	USD		6,928,444	EUR		47		—
Citibank NA		10/5/2022		457,221	EUR		441,394	USD		6,552		—
Citibank NA		10/5/2022		7,726,939	EUR		7,570,275	USD		—		(68	)
Citibank NA		11/3/2022		6,801,467	USD		6,928,459	EUR		33		—
HSBC Holdings PLC		10/5/2022		12,219,370	EUR		12,288,996	USD		—		(317,482	)
JP Morgan Chase Bank NA		10/5/2022		6,162,029	EUR		6,144,498	USD		—		(107,459	)
JP Morgan Chase Bank NA		10/5/2022		4,542,526	EUR		4,608,374	USD		—		(157,988	)
JP Morgan Chase Bank NA		10/5/2022		7,726,907	EUR		7,570,275	USD		—		(99	)
JP Morgan Chase Bank NA		10/5/2022		13,441,090	USD		13,337,789	EUR		373,843		—
JP Morgan Chase Bank NA		11/3/2022		6,801,467	USD		6,928,452	EUR		40		—
Morgan Stanley & Co. International		10/4/2022		19,000	USD		19,400	EUR		—		(5	)
Morgan Stanley & Co. International		10/5/2022		7,727,412	EUR		7,570,275	USD		395		—
Morgan Stanley & Co. International		10/5/2022		13,441,090	USD		13,337,723	EUR		373,908		—
Morgan Stanley & Co. International		11/3/2022		6,801,467	USD		6,928,889	EUR		—		(389	)
UBS AG		10/5/2022		13,441,091	USD		13,337,710	EUR		373,921		—
									$	1,499,210	$	(583,597	)

FAIR VALUATION SUMMARY

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



	Quoted Prices in Active Markets (Level 1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Assets:
Investments in Securities
Common Stocks	$	27,397,871	$	—		$	—	$	27,397,871
Investment of Cash Collateral for Securities Loaned		—		768,272			—		768,272
Total Investments in Securities	$	27,397,871	$	768,272		$	—	$	28,166,143
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	1,499,210		$	—	$	1,499,210
Liabilities:
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	(583,597	)	$	—	$	(583,597	)
Total – Net	$	27,397,871	$	1,683,885		$	—	$	29,081,756

¹	Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

See Notes to Financial Statements.


WisdomTree Trust			17

Schedule of Investments (unaudited)

WisdomTree Germany Hedged Equity Fund (DXGE)

September 30, 2022


Investments	Shares		Value

COMMON STOCKS – 98.8%

Germany – 98.8%

Aerospace & Defense – 1.5%

Hensoldt AG		707	$	14,233

Rheinmetall AG		2,010		311,511

Total Aerospace & Defense				325,744

Air Freight & Logistics – 4.3%

Deutsche Post AG, Registered Shares		29,673		904,487

Auto Components – 1.0%

Hella GmbH & Co. KGaA		3,037		202,611

Automobiles – 10.7%

Bayerische Motoren Werke AG		9,950		682,229

Mercedes-Benz Group AG		19,177		983,486

Volkswagen AG		3,595		593,958

Total Automobiles				2,259,673

Capital Markets – 3.7%

Deutsche Boerse AG		3,401		560,573

DWS Group GmbH & Co. KGaA^(a)		9,296		223,664

Total Capital Markets				784,237

Chemicals – 8.7%

BASF SE		26,063		1,011,091

Covestro AG^(a)		4,945		143,103

Evonik Industries AG		16,627		280,979

LANXESS AG		2,818		83,013

Symrise AG		1,699		167,191

Wacker Chemie AG		1,407		146,314

Total Chemicals				1,831,691

Commercial Services & Supplies – 0.7%

Bilfinger SE		5,456		137,900

Construction & Engineering – 1.0%

Hochtief AG		4,220		201,993

Construction Materials – 1.2%

HeidelbergCement AG		6,247		249,997

Diversified Financial Services – 0.0%

GRENKE AG		261		4,781

Diversified Telecommunication Services – 9.4%

Deutsche Telekom AG, Registered Shares		100,930		1,729,540

Vantage Towers AG		10,108		262,807

Total Diversified Telecommunication Services				1,992,347

Electrical Equipment – 0.2%

Varta AG^(b)		1,361		39,133

Electronic Equipment, Instruments & Components – 0.0%

Jenoptik AG		327		6,516

Food Products – 0.1%

Suedzucker AG		2,205		26,764

Health Care Equipment & Supplies – 2.6%

Carl Zeiss Meditec AG, Bearer Shares		186		19,579

Eckert & Ziegler Strahlen – und Medizintechnik AG		101		3,402

Siemens Healthineers AG^(a)		12,001		520,590

Total Health Care Equipment & Supplies				543,571

Health Care Providers & Services – 1.1%

Fresenius SE & Co. KGaA		11,091	$	238,493

Health Care Technology – 0.0%

CompuGroup Medical SE & Co. KgaA		274		9,545

Household Products – 1.6%

Henkel AG & Co. KGaA		5,963		340,568

Independent Power & Renewable Electricity Producers – 2.8%

Encavis AG		1,713		31,012

RWE AG		14,934		552,871

Total Independent Power & Renewable Electricity Producers				583,883

Industrial Conglomerates – 5.5%

Siemens AG, Registered Shares		11,687		1,158,656

Insurance – 15.3%

Allianz SE, Registered Shares		8,559		1,356,664

Hannover Rueck SE		4,172		630,230

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares		4,111		996,767

Talanx AG^*		6,912		246,477

Total Insurance				3,230,138

IT Services – 0.2%

Bechtle AG		623		22,661

CANCOM SE		356		8,496

Total IT Services				31,157

Life Sciences Tools & Services – 0.1%

Gerresheimer AG		354		17,444

Machinery – 2.1%

Duerr AG		403		8,464

GEA Group AG		6,381		208,413

KION Group AG		403		7,823

Knorr-Bremse AG		2,985		129,778

NORMA Group SE		434		5,880

Traton SE		5,005		60,015

Wacker Neuson SE		1,137		15,004

Total Machinery				435,377

Marine – 2.1%

Hapag-Lloyd AG^(a)		2,630		450,111

Media – 0.5%

ProSiebenSat.1 Media SE		15,519		111,075

Metals & Mining – 0.1%

Aurubis AG		582		30,777

Multi-Utilities – 4.6%

E.ON SE		124,797		965,344

Oil, Gas & Consumable Fuels – 0.1%

CropEnergies AG		1,981		23,909

Personal Products – 1.1%

Beiersdorf AG		2,361		233,493

Pharmaceuticals – 7.6%

Bayer AG, Registered Shares		29,365		1,364,007

Merck KGaA		1,443		235,794

Total Pharmaceuticals				1,599,801

See Notes to Financial Statements.


18		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree Germany Hedged Equity Fund (DXGE)

September 30, 2022


Investments	Shares		Value

Real Estate Management & Development – 0.0%

PATRIZIA SE		894	$	9,231

Semiconductors & Semiconductor Equipment – 0.9%

AIXTRON SE		454		11,088

Infineon Technologies AG		7,718		171,709

Total Semiconductors & Semiconductor Equipment				182,797

Software – 5.1%

Nemetschek SE		246		11,864

SAP SE		12,701		1,046,666

Software AG		1,104		25,438

Total Software				1,083,968

Specialty Retail – 0.5%

Fielmann AG		3,106		100,290

Hornbach Holding AG & Co. KGaA		211		13,312

Total Specialty Retail				113,602

Textiles, Apparel & Luxury Goods – 1.1%

adidas AG		1,837		213,938

Puma SE		166		7,801

Total Textiles, Apparel & Luxury Goods				221,739

Thrifts & Mortgage Finance – 0.1%

Aareal Bank AG^*		633		20,476

Trading Companies & Distributors – 1.1%

Brenntag SE		3,866		236,253

Transportation Infrastructure – 0.1%

Hamburger Hafen und Logistik AG		1,250		13,666
TOTAL COMMON STOCKS (Cost: $27,849,094)				20,852,948

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%

United States – 0.1%

State Street Navigator Securities Lending Government Money Market Portfolio, 3.07%^(c)
(Cost: $30,250)		30,250		30,250

TOTAL INVESTMENTS IN SECURITIES – 98.9% (Cost: $27,879,344)				20,883,198

Other Assets less Liabilities – 1.1%				231,686

NET ASSETS – 100.0%			$	21,114,884

^*	Non-income producing security.

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

^(b)	Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $28,753 and the total market value of the collateral held by the Fund was $30,250.

^(c)	Rate shown represents annualized 7-day yield as of September 30, 2022.



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation
Bank of America NA		10/5/2022		5,770,981	EUR		5,654,003	USD	$	—	$	(80	)
Bank of America NA		10/5/2022		5,654,002	USD		5,611,996	EUR		155,839		—
Bank of America NA		11/3/2022		5,228,562	USD		5,326,175	EUR		36		—
Citibank NA		10/5/2022		5,771,009	EUR		5,654,002	USD		—		(51	)
Citibank NA		10/5/2022		5,654,003	USD		5,610,533	EUR		157,274		—
Citibank NA		11/3/2022		5,228,562	USD		5,326,186	EUR		26		—
HSBC Holdings PLC		10/5/2022		5,770,980	EUR		5,654,002	USD		—		(80	)
HSBC Holdings PLC		11/3/2022		5,228,562	USD		5,326,191	EUR		20		—
JP Morgan Chase Bank NA		10/5/2022		5,770,986	EUR		5,654,002	USD		—		(74	)
JP Morgan Chase Bank NA		10/5/2022		5,654,002	USD		5,610,548	EUR		157,257		—
JP Morgan Chase Bank NA		11/3/2022		5,228,562	USD		5,326,180	EUR		31		—
UBS AG		10/5/2022		5,654,002	USD		5,610,515	EUR		157,290		—
									$	627,773	$	(285	)

See Notes to Financial Statements.


WisdomTree Trust			19

Schedule of Investments (unaudited) (concluded)

WisdomTree Germany Hedged Equity Fund (DXGE)

September 30, 2022



FAIR VALUATION SUMMARY

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



	Quoted Prices in Active Markets (Level 1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Assets:
Investments in Securities
Common Stocks	$	20,852,948	$	—		$	—	$	20,852,948
Investment of Cash Collateral for Securities Loaned		—		30,250			—		30,250
Total Investments in Securities	$	20,852,948	$	30,250		$	—	$	20,883,198
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	627,773		$	—	$	627,773
Liabilities:
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	(285	)	$	—	$	(285	)
Total – Net	$	20,852,948	$	657,738		$	—	$	21,510,686

¹	Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

See Notes to Financial Statements.


20		WisdomTree Trust

Schedule of Investments (unaudited)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2022


Investments	Shares		Value

COMMON STOCKS – 99.1%

Australia – 14.9%

ARB Corp. Ltd.^(a)		33,332	$	595,134

Aristocrat Leisure Ltd.		92,832		1,964,874

Beach Energy Ltd.		1,083,939		1,034,924

BHP Group Ltd.		2,389,950		59,190,535

carsales.com Ltd.		160,781		1,944,467

Cochlear Ltd.		21,251		2,658,064

Coles Group Ltd.		1,263,632		13,348,589

CSL Ltd.		132,263		24,237,670

Domino’s Pizza Enterprises Ltd.^(a)		26,588		880,722

Eagers Automotive Ltd.^(a)		196,800		1,390,593

Evolution Mining Ltd.		1,870,313		2,465,161

Netwealth Group Ltd.		91,117		710,620

OZ Minerals Ltd.^(a)		137,031		2,271,323

Pro Medicus Ltd.^(a)		10,311		332,732

REA Group Ltd.^(a)		31,204		2,304,191

Rio Tinto Ltd.		1,000,815		54,698,563

Technology One Ltd.		124,633		849,407

WiseTech Global Ltd.		18,188		608,087

Total Australia				171,485,656

Belgium – 0.2%

Melexis NV		27,404		1,879,243

China – 1.1%

Beijing Tong Ren Tang Chinese Medicine Co. Ltd.^(a)		621,500		698,306

BYD Electronic International Co. Ltd.^(a)		702,000		1,695,553

China Nonferrous Mining Corp. Ltd.^(a)		3,787,500		1,447,470

Lenovo Group Ltd.		12,990,600		9,035,615

Total China				12,876,944

Denmark – 8.5%

AP Moller – Maersk A/S, Class B		4,156		7,592,055

Coloplast A/S, Class B		97,614		9,977,594

DSV A/S		18,354		2,166,719

GN Store Nord A/S		19,074		337,004

H Lundbeck A/S		361,243		1,157,278

Novo Nordisk A/S, Class B		710,250		71,250,524

Royal Unibrew A/S		26,666		1,738,759

SimCorp A/S		13,609		770,828

Vestas Wind Systems A/S		167,354		3,122,659

Total Denmark				98,113,420

Finland – 2.7%

Kesko Oyj, Class A		93,951		1,695,360

Kesko Oyj, Class B		212,658		3,988,485

Neste Oyj		351,640		15,432,885

Nokian Renkaat Oyj		114,052		1,106,137

Orion Oyj, Class B		125,528		5,297,697

Tokmanni Group Corp.		71,333		781,273

Uponor Oyj		51,791		683,935

Valmet Oyj		110,304		2,250,875

Total Finland				31,236,647

France – 10.8%

Alten SA		9,204	$	1,025,198

Arkema SA		46,923		3,451,285

BioMerieux		19,092		1,522,463

Bureau Veritas SA		153,674		3,459,563

Cie Generale des Etablissements Michelin SCA		317,606		7,204,508

Hermes International		9,179		10,943,514

Kering SA		40,227		18,070,708

La Francaise des Jeux SAEM^(b)		100,376		2,996,216

LVMH Moet Hennessy Louis Vuitton SE		110,673		66,180,041

Sartorius Stedim Biotech		3,767		1,170,207

SEB SA^(a)		24,872		1,576,470

Teleperformance		10,060		2,571,242

Trigano SA		16,441		1,459,242

Verallia SA^(b)		98,399		2,228,688

Total France				123,859,345

Germany – 5.1%

adidas AG		59,975		6,984,734

Covestro AG^(b)		133,449		3,861,861

CropEnergies AG		79,412		958,446

Dermapharm Holding SE		18,244		666,295

Deutsche Post AG, Registered Shares		812,254		24,758,965

Eckert & Ziegler Strahlen – und Medizintechnik AG		227		7,646

Fielmann AG		51,610		1,666,449

Hamburger Hafen und Logistik AG		57,751		631,385

Hapag-Lloyd AG^(a)(b)		81,412		13,933,241

Instone Real Estate Group SE^(b)		17,057		142,201

Knorr-Bremse AG		72,319		3,144,203

Nemetschek SE		10,410		502,055

Varta AG^(a)		22,085		635,004

VERBIO Vereinigte BioEnergie AG		5,915		350,575

Total Germany				58,243,060

Hong Kong – 0.5%

Sun Hung Kai & Co. Ltd.		1,362,000		491,020

Techtronic Industries Co. Ltd.		520,500		5,029,354

Total Hong Kong				5,520,374

Ireland – 0.1%

Kingspan Group PLC		22,622		1,026,970

Israel – 0.8%

Altshuler Shaham Penn Ltd.		130,820		283,666

AudioCodes Ltd.		14,808		321,134

Delek Automotive Systems Ltd.		250,657		3,400,769

Hilan Ltd.		11,456		615,144

Matrix IT Ltd.		26,431		601,135

Maytronics Ltd.		41,281		513,307

One Software Technologies Ltd.		38,357		582,302

Strauss Group Ltd.		112,976		2,692,393

Total Israel				9,009,850

Italy – 1.5%

Amplifon SpA		37,266		982,055

Carel Industries SpA^(b)		12,625		236,725

See Notes to Financial Statements.


WisdomTree Trust			21

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2022


Investments	Shares		Value

De’ Longhi SpA^(a)		69,455	$	1,025,387

DiaSorin SpA^(a)		9,197		1,034,329

Ferrari NV		22,115		4,153,172

Gruppo MutuiOnline SpA		16,872		331,895

GVS SpA^*(a)(b)		65,915		389,379

Moncler SpA		58,424		2,426,194

RAI Way SpA^(b)		267,718		1,225,849

Recordati Industria Chimica e Farmaceutica SpA		125,188		4,622,316

Sesa SpA		2,647		290,172

Technogym SpA^(a)(b)		128,483		808,075

Tinexta SpA^(a)		4,019		75,358

Total Italy				17,600,906

Japan – 12.6%

Anritsu Corp.^(a)		127,900		1,395,241

Asahi Holdings, Inc.^(a)		145,000		2,033,576

Astellas Pharma, Inc.		1,308,800		17,333,722

BayCurrent Consulting, Inc.		1,900		494,214

Benefit One, Inc.		22,900		321,639

BML, Inc.		40,600		914,408

Capcom Co. Ltd.		94,200		2,368,911

Cosmos Pharmaceutical Corp.		5,600		555,183

Cybozu, Inc.		7,400		76,687

Daiwabo Holdings Co. Ltd.		124,900		1,607,577

Digital Arts, Inc.		1,300		56,492

Disco Corp.		24,491		5,414,432

DTS Corp.^(a)		70,300		1,668,317

eGuarantee, Inc.		19,500		336,126

eRex Co. Ltd.		12,000		231,138

Fast Retailing Co. Ltd.		18,581		9,847,307

Fujimi, Inc.^(a)		17,100		714,740

Future Corp.		51,600		564,322

Goldwin, Inc.		12,900		682,676

Haseko Corp.		373,200		4,050,552

Hoya Corp.		57,300		5,494,656

Infocom Corp.^(a)		55,200		726,491

Infomart Corp.		21,300		64,895

IR Japan Holdings Ltd.^(a)		5,800		82,144

Japan Lifeline Co. Ltd.		130,300		870,497

Japan Material Co. Ltd.		56,300		718,798

JCR Pharmaceuticals Co. Ltd.		26,700		399,361

Kakaku.com, Inc.		66,391		1,129,259

Kaken Pharmaceutical Co. Ltd.^(a)		62,000		1,634,115

Kanematsu Electronics Ltd.		59,200		1,629,846

Keyence Corp.		21,400		7,081,834

KH Neochem Co. Ltd.		39,000		710,242

Kobe Bussan Co. Ltd.^(a)		44,300		1,069,664

Koei Tecmo Holdings Co. Ltd.^(a)		161,000		2,641,715

Lasertec Corp.^(a)		8,200		832,492

M3, Inc.		34,400		962,758

Maruwa Unyu Kikan Co. Ltd.^(a)		34,200		342,839

MCJ Co. Ltd.		109,600		751,893

Meitec Corp.		68,500		1,085,626

Milbon Co. Ltd.		11,000		484,093

MonotaRO Co. Ltd.^(a)		55,100		845,848

Nihon M&A Center Holdings, Inc.		42,100		483,694

Nippon Shinyaku Co. Ltd.		23,000		1,175,861

Nissan Chemical Corp.		69,068		3,077,748

Nomura Research Institute Ltd.		163,300		4,005,078

NSD Co. Ltd.^(a)		76,900		1,307,478

Olympus Corp.		184,300		3,537,791

Otsuka Corp.		112,500		3,516,961

Recruit Holdings Co. Ltd.		131,800		3,788,869

Seria Co. Ltd.		45,600		796,413

Shionogi & Co. Ltd.		134,100		6,475,007

Solasto Corp.		69,600		414,970

Sysmex Corp.		31,236		1,676,336

Systena Corp.		139,800		389,232

Taiyo Yuden Co. Ltd.		43,700		1,124,616

TechnoPro Holdings, Inc.		49,800		1,061,405

Toei Animation Co. Ltd.		6,200		529,428

Tokyo Electron Ltd.		90,358		22,285,955

Trend Micro, Inc.		99,800		5,391,799

UT Group Co. Ltd.		17,000		279,761

Wacom Co. Ltd.		104,000		510,857

West Holdings Corp.^(a)		11,000		316,522

Workman Co. Ltd.^(a)		25,900		819,524

ZOZO, Inc.		95,800		1,915,404

Total Japan				145,107,035

Netherlands – 3.9%

ASM International NV		9,119		2,088,188

ASML Holding NV		48,793		20,726,102

BE Semiconductor Industries NV		53,693		2,345,449

IMCD NV		8,584		1,030,982

Randstad NV^(a)		242,983		10,611,744

Signify NV^(b)		108,568		2,832,330

STMicroelectronics NV^(a)		158,043		4,993,164

Total Netherlands				44,627,959

Norway – 0.9%

AF Gruppen ASA		79,614		1,011,134

Aker BP ASA^(a)		308,845		8,859,570

TOMRA Systems ASA		64,248		1,134,234

Total Norway				11,004,938

Portugal – 0.6%

Altri SGPS SA^(a)		267,461		1,355,944

Jeronimo Martins SGPS SA		277,899		5,186,242

Total Portugal				6,542,186

Singapore – 0.8%

Japfa Ltd.^(a)		1,635,400		632,551

Sheng Siong Group Ltd.		2,544,900		2,802,245

Singapore Exchange Ltd.		914,200		6,027,132

Total Singapore				9,461,928

Spain – 3.6%

Cie Automotive SA		77,147		1,608,279

Faes Farma SA		448,746		1,630,968

Industria de Diseno Textil SA^(a)		1,836,527		38,285,980

See Notes to Financial Statements.


22		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2022


Investments	Shares		Value

Laboratorios Farmaceuticos Rovi SA		10,954	$	474,314

Total Spain				41,999,541

Sweden – 5.5%

AddLife AB, Class B		19,762		207,103

Assa Abloy AB, Class B		432,526		8,173,075

Atlas Copco AB, Class A		1,128,319		10,655,358

Atlas Copco AB, Class B		633,307		5,322,119

Bilia AB, Class A		113,664		1,307,943

Epiroc AB, Class A		226,086		3,262,687

Epiroc AB, Class B		147,097		1,868,950

EQT AB		155,141		3,062,978

Evolution AB^(b)		24,328		1,944,048

Hexpol AB		222,633		1,843,656

Husqvarna AB, Class B^(a)		343,789		1,923,793

Indutrade AB		73,164		1,202,533

JM AB		72,091		1,004,954

Lagercrantz Group AB, Class B^(a)		73,242		644,477

Lifco AB, Class B^(a)		60,451		850,862

Mycronic AB		39,764		483,725

Nibe Industrier AB, Class B		135,752		1,224,490

Nolato AB, Class B		110,359		505,677

Nordnet AB publ		71,343		813,879

Paradox Interactive AB		36,481		583,992

Samhallsbyggnadsbolaget i Norden AB^(a)		771,793		846,034

Sandvik AB^(a)		670,411		9,215,697

SKF AB, Class B^(a)		360,431		4,879,906

Thule Group AB^(a)(b)		49,703		1,001,002

Total Sweden				62,828,938

Switzerland – 11.8%

Coca-Cola HBC AG		234,139		4,950,333

EMS-Chemie Holding AG, Registered Shares^(a)		12,412		7,925,773

Kuehne + Nagel International AG, Registered Shares^(a)		49,105		10,077,938

Logitech International SA, Registered Shares^(a)		56,214		2,624,367

Partners Group Holding AG		13,632		11,143,822

Roche Holding AG		204,762		67,290,088

Roche Holding AG, Bearer Shares		40,354		15,899,702

Schindler Holding AG, Participation Certificate		14,977		2,353,257

Schindler Holding AG, Registered Shares		31,592		4,814,630

SFS Group AG		14,379		1,244,695

Sonova Holding AG, Registered Shares		15,128		3,381,417

Straumann Holding AG, Registered Shares		13,629		1,271,717

Temenos AG, Registered Shares		15,587		1,068,008

VAT Group AG^(b)		8,091		1,675,332

Total Switzerland				135,721,079

United Kingdom – 13.2%

Alpha FX Group PLC		10,451		198,330

Anglo American PLC		1,674,238		51,125,152

Antofagasta PLC		695,121		8,655,869

Ashtead Group PLC		59,807		2,727,917

Auto Trader Group PLC^(b)		154,820		890,051

Bellway PLC		59,997		1,140,578

Burberry Group PLC		160,033		3,229,897

Computacenter PLC		48,382		1,043,990

Croda International PLC		32,170		2,314,846

Diageo PLC		908,295		38,503,961

Dunelm Group PLC^(a)		102,344		834,000

EMIS Group PLC		32,355		682,628

Ferrexpo PLC		1,387,335		1,883,196

Fresnillo PLC^(a)		369,366		3,171,589

Games Workshop Group PLC		9,763		631,564

Hikma Pharmaceuticals PLC		80,042		1,218,299

Howden Joinery Group PLC		167,323		943,626

IMI PLC		106,089		1,325,199

Impax Asset Management Group PLC^(a)		44,067		258,258

Intertek Group PLC		63,079		2,610,286

Kainos Group PLC		32,705		469,865

Polar Capital Holdings PLC		142,707		661,110

RELX PLC		722,015		17,747,788

Rightmove PLC		189,068		1,017,714

RS Group PLC		130,270		1,409,123

Softcat PLC		57,979		770,191

Spirax-Sarco Engineering PLC		10,679		1,239,780

Synthomer PLC^(a)		320,054		380,499

Taylor Wimpey PLC		3,521,192		3,470,812

Victrex PLC		45,439		847,083

Total United Kingdom				151,403,201
TOTAL COMMON STOCKS (Cost: $1,412,050,119)				1,139,549,220

EXCHANGE-TRADED FUND – 0.1%

United States – 0.1%

WisdomTree International Quality Dividend Growth Fund^(c)
(Cost: $882,631)		30,722		808,296

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.9%

United States – 4.9%

State Street Navigator Securities Lending Government Money Market Portfolio, 3.07%^(d)
(Cost: $56,733,329)		56,733,329		56,733,329

TOTAL INVESTMENTS IN SECURITIES – 104.1% (Cost: $1,469,666,079)				1,197,090,845

Other Assets less Liabilities – (4.1)%				(47,683,607	)

NET ASSETS – 100.0%			$	1,149,407,238

*	Non-income producing security.

^(a)

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $69,560,713 and the total market value of the collateral held by the Fund was $73,949,586. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $17,216,257.

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

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

^(d)	Rate shown represents annualized 7-day yield as of September 30, 2022.

See Notes to Financial Statements.


WisdomTree Trust			23

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2022

INVESTMENT IN AFFILIATES



Affiliate	Value at 3/31/2022		Purchases/ Additions		Sales/ Reductions		Realized Gain/ (Loss)		Change in Unrealized Appreciation/ Depreciation			Value at 9/30/2022		Dividend Income
WisdomTree International Quality Dividend Growth Fund	$	1,121,046	$	—	$	—	$	—	$	(312,750	)	$	808,296	$	26,267



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation

Bank of America NA		10/5/2022		32,286,612	CHF		32,806,897	USD	$	—	$	(729	)

Bank of America NA		10/5/2022		198,680,368	DKK		26,179,211	USD		—		(442	)

Bank of America NA		10/5/2022		92,210,149	EUR		90,341,049	USD		—		(1,278	)

Bank of America NA		10/5/2022		48,687,319	GBP		54,352,760	USD		—		(1,987	)

Bank of America NA		10/5/2022		5,736,724,263	JPY		39,637,478	USD		—		(552	)

Bank of America NA		10/5/2022		37,194,495	NOK		3,412,509	USD		665		—

Bank of America NA		10/5/2022		188,889,021	SEK		17,022,022	USD		—		(437	)

Bank of America NA		10/5/2022		3,329,330	SGD		2,320,335	USD		—		(60	)

Bank of America NA		10/5/2022		32,368,029	USD		31,515,649	CHF		345,230		—

Bank of America NA		10/5/2022		25,829,005	USD		190,687,537	DKK		703,397		—

Bank of America NA		10/5/2022		89,132,529	USD		88,470,329	EUR		2,456,720		—

Bank of America NA		10/5/2022		53,625,667	USD		46,057,973	GBP		2,210,092		—

Bank of America NA		10/5/2022		39,107,235	USD		5,408,585,350	JPY		1,737,529		—

Bank of America NA		10/5/2022		3,366,859	USD		33,396,204	NOK		302,237		—

Bank of America NA		10/5/2022		16,794,313	USD		178,328,582	SEK		724,373		—

Bank of America NA		10/5/2022		2,289,295	USD		3,193,429	SGD		63,732		—

Bank of America NA		10/6/2022		50,330,408	AUD		32,360,892	USD		—		(664	)

Bank of America NA		10/6/2022		41,730,543	HKD		5,316,248	USD		—		(49	)

Bank of America NA		10/6/2022		9,364,968	ILS		2,632,830	USD		—		(39	)

Bank of America NA		10/6/2022		31,927,992	USD		46,552,781	AUD		1,996,611		—

Bank of America NA		10/6/2022		5,245,131	USD		41,142,981	HKD		3,783		—

Bank of America NA		10/6/2022		2,597,611	USD		8,630,820	ILS		171,213		—

Bank of America NA		11/3/2022		29,790,751	USD		46,320,859	AUD		—		(746	)

Bank of America NA		11/3/2022		32,662,584	USD		32,065,381	CHF		—		(1,988	)

Bank of America NA		11/3/2022		24,579,796	USD		186,171,971	DKK		—		(579	)

Bank of America NA		11/3/2022		81,235,804	USD		82,752,407	EUR		565		—

Bank of America NA		11/3/2022		52,615,524	USD		47,103,307	GBP		87		—

Bank of America NA		11/3/2022		4,624,002	USD		36,280,488	HKD		—		(831	)

Bank of America NA		11/3/2022		2,403,382	USD		8,530,797	ILS		—		(635	)

Bank of America NA		11/3/2022		2,835,983	USD		30,901,912	NOK		—		(354	)

Bank of America NA		11/3/2022		15,346,897	USD		170,091,716	SEK		—		(468	)

Bank of America NA		11/3/2022		2,314,768	USD		3,320,532	SGD		14		—

Bank of America NA		11/4/2022		37,316,042	USD		5,385,760,904	JPY		491		—

Citibank NA		10/5/2022		529,015	CHF		534,229	USD		3,299		—

Citibank NA		10/5/2022		32,286,744	CHF		32,806,897	USD		—		(595	)

Citibank NA		10/5/2022		3,283,888	DKK		426,304	USD		6,392		—

Citibank NA		10/5/2022		198,678,498	DKK		26,179,213	USD		—		(690	)

Citibank NA		10/5/2022		1,523,867	EUR		1,471,118	USD		21,839		—

Citibank NA		10/5/2022		92,210,618	EUR		90,341,048	USD		—		(817	)

Citibank NA		10/5/2022		820,099	GBP		885,083	USD		30,413		—

Citibank NA		10/5/2022		48,689,447	GBP		54,352,760	USD		389		—

See Notes to Financial Statements.


24		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2022



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation

Citibank NA		10/5/2022		93,113,334	JPY		645,459	USD	$	—	$	(2,108	)

Citibank NA		10/5/2022		5,736,771,683	JPY		39,637,477	USD		—		(223	)

Citibank NA		10/5/2022		595,926	NOK		55,569	USD		—		(883	)

Citibank NA		10/5/2022		37,191,366	NOK		3,412,509	USD		378		—

Citibank NA		10/5/2022		3,125,620	SEK		277,187	USD		4,476		—

Citibank NA		10/5/2022		188,891,495	SEK		17,022,021	USD		—		(213	)

Citibank NA		10/5/2022		54,198	SGD		37,784	USD		—		(13	)

Citibank NA		10/5/2022		3,329,366	SGD		2,320,334	USD		—		(34	)

Citibank NA		10/6/2022		811,626	AUD		526,966	USD		—		(5,126	)

Citibank NA		10/6/2022		50,330,331	AUD		32,360,893	USD		—		(714	)

Citibank NA		10/6/2022		679,409	HKD		86,570	USD		—		(18	)

Citibank NA		10/6/2022		41,730,527	HKD		5,316,248	USD		—		(51	)

Citibank NA		10/6/2022		150,619	ILS		42,873	USD		—		(529	)

Citibank NA		10/6/2022		9,365,010	ILS		2,632,832	USD		—		(30	)

Citibank NA		11/3/2022		29,790,751	USD		46,320,787	AUD		—		(700	)

Citibank NA		11/3/2022		32,662,586	USD		32,064,207	CHF		—		(790	)

Citibank NA		11/3/2022		24,579,797	USD		186,175,248	DKK		—		(1,011	)

Citibank NA		11/3/2022		81,235,804	USD		82,752,576	EUR		400		—

Citibank NA		11/3/2022		52,615,523	USD		47,100,734	GBP		2,960		—

Citibank NA		11/3/2022		4,624,002	USD		36,274,926	HKD		—		(121	)

Citibank NA		11/3/2022		2,403,381	USD		8,528,902	ILS		—		(102	)

Citibank NA		11/3/2022		2,835,985	USD		30,899,872	NOK		—		(165	)

Citibank NA		11/3/2022		15,346,898	USD		170,089,517	SEK		—		(269	)

Citibank NA		11/3/2022		2,314,767	USD		3,320,603	SGD		—		(36	)

Citibank NA		11/4/2022		37,316,043	USD		5,385,817,022	JPY		103		—

HSBC Holdings PLC		10/5/2022		624,464	USD		599,429	CHF		15,389		—

HSBC Holdings PLC		10/5/2022		498,309	USD		3,685,031	DKK		12,757		—

HSBC Holdings PLC		10/5/2022		1,719,599	USD		1,709,856	EUR		44,425		—

HSBC Holdings PLC		10/5/2022		1,034,579	USD		892,858	GBP		37,861		—

HSBC Holdings PLC		10/5/2022		754,480	USD		107,272,192	JPY		13,301		—

HSBC Holdings PLC		10/5/2022		64,955	USD		644,339	NOK		5,827		—

HSBC Holdings PLC		10/5/2022		324,006	USD		3,434,701	SEK		14,491		—

HSBC Holdings PLC		10/5/2022		44,166	USD		61,800	SGD		1,096		—

HSBC Holdings PLC		10/6/2022		615,974	USD		900,281	AUD		37,133		—

HSBC Holdings PLC		10/6/2022		101,192	USD		793,811	HKD		66		—

HSBC Holdings PLC		10/6/2022		50,115	USD		170,607	ILS		2,152		—

JP Morgan Chase Bank NA		10/5/2022		32,287,039	CHF		32,806,897	USD		—		(295	)

JP Morgan Chase Bank NA		10/5/2022		198,681,692	DKK		26,179,213	USD		—		(269	)

JP Morgan Chase Bank NA		10/5/2022		92,210,242	EUR		90,341,048	USD		—		(1,186	)

JP Morgan Chase Bank NA		10/5/2022		48,688,749	GBP		54,352,760	USD		—		(390	)

JP Morgan Chase Bank NA		10/5/2022		5,736,755,828	JPY		39,637,477	USD		—		(333	)

JP Morgan Chase Bank NA		10/5/2022		37,185,718	NOK		3,412,509	USD		—		(140	)

JP Morgan Chase Bank NA		10/5/2022		188,891,852	SEK		17,022,021	USD		—		(180	)

JP Morgan Chase Bank NA		10/5/2022		3,329,366	SGD		2,320,334	USD		—		(34	)

JP Morgan Chase Bank NA		10/5/2022		32,368,029	USD		31,506,845	CHF		354,176		—

JP Morgan Chase Bank NA		10/5/2022		416,309	USD		395,435	CHF		14,511		—

JP Morgan Chase Bank NA		10/5/2022		624,464	USD		601,763	CHF		13,018		—

JP Morgan Chase Bank NA		10/5/2022		624,464	USD		617,689	CHF		—		(3,165	)

JP Morgan Chase Bank NA		10/5/2022		25,829,005	USD		190,633,632	DKK		710,500		—

JP Morgan Chase Bank NA		10/5/2022		332,206	USD		2,435,286	DKK		11,325		—

See Notes to Financial Statements.


WisdomTree Trust			25

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2022



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation

JP Morgan Chase Bank NA		10/5/2022		498,309	USD		3,697,729	DKK	$	11,084	$	—

JP Morgan Chase Bank NA		10/5/2022		498,309	USD		3,850,368	DKK		—		(9,028	)

JP Morgan Chase Bank NA		10/5/2022		89,132,529	USD		88,447,503	EUR		2,479,083		—

JP Morgan Chase Bank NA		10/5/2022		1,146,399	USD		1,130,018	EUR		39,302		—

JP Morgan Chase Bank NA		10/5/2022		1,719,599	USD		1,715,708	EUR		38,692		—

JP Morgan Chase Bank NA		10/5/2022		1,719,599	USD		1,786,539	EUR		—		(30,702	)

JP Morgan Chase Bank NA		10/5/2022		53,625,667	USD		46,057,736	GBP		2,210,357		—

JP Morgan Chase Bank NA		10/5/2022		689,719	USD		588,958	GBP		32,252		—

JP Morgan Chase Bank NA		10/5/2022		1,034,579	USD		906,659	GBP		22,455		—

JP Morgan Chase Bank NA		10/5/2022		1,034,579	USD		960,030	GBP		—		(37,124	)

JP Morgan Chase Bank NA		10/5/2022		39,107,235	USD		5,407,095,364	JPY		1,747,824		—

JP Morgan Chase Bank NA		10/5/2022		502,987	USD		71,480,387	JPY		9,105		—

JP Morgan Chase Bank NA		10/5/2022		754,480	USD		107,961,032	JPY		8,541		—

JP Morgan Chase Bank NA		10/5/2022		754,480	USD		109,139,078	JPY		402		—

JP Morgan Chase Bank NA		10/5/2022		3,366,859	USD		33,393,740	NOK		302,463		—

JP Morgan Chase Bank NA		10/5/2022		43,304	USD		425,695	NOK		4,240		—

JP Morgan Chase Bank NA		10/5/2022		64,955	USD		666,304	NOK		3,811		—

JP Morgan Chase Bank NA		10/5/2022		64,955	USD		699,056	NOK		806		—

JP Morgan Chase Bank NA		10/5/2022		16,794,313	USD		178,293,180	SEK		727,563		—

JP Morgan Chase Bank NA		10/5/2022		216,004	USD		2,261,418	SEK		12,218		—

JP Morgan Chase Bank NA		10/5/2022		324,006	USD		3,498,782	SEK		8,716		—

JP Morgan Chase Bank NA		10/5/2022		324,006	USD		3,667,687	SEK		—		(6,505	)

JP Morgan Chase Bank NA		10/5/2022		2,289,295	USD		3,193,370	SGD		63,774		—

JP Morgan Chase Bank NA		10/5/2022		29,444	USD		41,077	SGD		817		—

JP Morgan Chase Bank NA		10/5/2022		44,166	USD		62,198	SGD		819		—

JP Morgan Chase Bank NA		10/5/2022		44,166	USD		63,486	SGD		—		(79	)

JP Morgan Chase Bank NA		10/6/2022		50,330,957	AUD		32,360,893	USD		—		(311	)

JP Morgan Chase Bank NA		10/6/2022		41,730,527	HKD		5,316,248	USD		—		(51	)

JP Morgan Chase Bank NA		10/6/2022		9,365,026	ILS		2,632,832	USD		—		(25	)

JP Morgan Chase Bank NA		10/6/2022		31,927,992	USD		46,548,980	AUD		1,999,055		—

JP Morgan Chase Bank NA		10/6/2022		410,649	USD		596,128	AUD		27,365		—

JP Morgan Chase Bank NA		10/6/2022		615,974	USD		918,839	AUD		25,201		—

JP Morgan Chase Bank NA		10/6/2022		615,974	USD		953,297	AUD		3,046		—

JP Morgan Chase Bank NA		10/6/2022		5,245,131	USD		41,139,052	HKD		4,284		—

JP Morgan Chase Bank NA		10/6/2022		67,461	USD		529,181	HKD		47		—

JP Morgan Chase Bank NA		10/6/2022		101,192	USD		794,104	HKD		28		—

JP Morgan Chase Bank NA		10/6/2022		101,192	USD		794,229	HKD		12		—

JP Morgan Chase Bank NA		10/6/2022		2,597,611	USD		8,627,910	ILS		172,031		—

JP Morgan Chase Bank NA		10/6/2022		33,410	USD		112,257	ILS		1,851		—

JP Morgan Chase Bank NA		10/6/2022		50,115	USD		172,430	ILS		1,639		—

JP Morgan Chase Bank NA		10/6/2022		50,115	USD		175,333	ILS		823		—

JP Morgan Chase Bank NA		11/3/2022		29,790,751	USD		46,321,075	AUD		—		(885	)

JP Morgan Chase Bank NA		11/3/2022		32,662,586	USD		32,063,685	CHF		—		(258	)

JP Morgan Chase Bank NA		11/3/2022		24,579,797	USD		186,173,601	DKK		—		(793	)

JP Morgan Chase Bank NA		11/3/2022		81,235,804	USD		82,752,492	EUR		482		—

JP Morgan Chase Bank NA		11/3/2022		52,615,523	USD		47,101,366	GBP		2,253		—

JP Morgan Chase Bank NA		11/3/2022		4,624,002	USD		36,274,486	HKD		—		(65	)

JP Morgan Chase Bank NA		11/3/2022		2,403,381	USD		8,529,397	ILS		—		(242	)

JP Morgan Chase Bank NA		11/3/2022		2,835,985	USD		30,895,178	NOK		266		—

JP Morgan Chase Bank NA		11/3/2022		15,346,898	USD		170,086,064	SEK		43		—

See Notes to Financial Statements.


26		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2022



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation

JP Morgan Chase Bank NA		11/3/2022		2,314,767	USD		3,320,547	SGD	$	3	$	—

JP Morgan Chase Bank NA		11/4/2022		37,316,043	USD		5,385,798,364	JPY		233		—

Morgan Stanley & Co. International		10/5/2022		32,286,842	CHF		32,806,897	USD		—		(495	)

Morgan Stanley & Co. International		10/5/2022		198,680,671	DKK		26,179,213	USD		—		(404	)

Morgan Stanley & Co. International		10/5/2022		92,216,266	EUR		90,341,048	USD		4,716		—

Morgan Stanley & Co. International		10/5/2022		48,688,400	GBP		54,352,760	USD		—		(779	)

Morgan Stanley & Co. International		10/5/2022		5,737,240,555	JPY		39,637,477	USD		3,017		—

Morgan Stanley & Co. International		10/5/2022		37,186,407	NOK		3,412,509	USD		—		(77	)

Morgan Stanley & Co. International		10/5/2022		188,890,814	SEK		17,022,021	USD		—		(274	)

Morgan Stanley & Co. International		10/5/2022		3,329,359	SGD		2,320,334	USD		—		(39	)

Morgan Stanley & Co. International		10/5/2022		32,368,029	USD		31,506,295	CHF		354,735		—

Morgan Stanley & Co. International		10/5/2022		25,829,005	USD		190,630,377	DKK		710,928		—

Morgan Stanley & Co. International		10/5/2022		89,132,529	USD		88,447,064	EUR		2,479,513		—

Morgan Stanley & Co. International		10/5/2022		53,625,667	USD		46,057,815	GBP		2,210,269		—

Morgan Stanley & Co. International		10/5/2022		39,107,235	USD		5,407,125,829	JPY		1,747,613		—

Morgan Stanley & Co. International		10/5/2022		3,366,859	USD		33,393,821	NOK		302,456		—

Morgan Stanley & Co. International		10/5/2022		16,794,313	USD		178,292,609	SEK		727,615		—

Morgan Stanley & Co. International		10/5/2022		2,289,295	USD		3,193,447	SGD		63,720		—

Morgan Stanley & Co. International		10/6/2022		50,330,519	AUD		32,360,893	USD		—		(593	)

Morgan Stanley & Co. International		10/6/2022		41,730,314	HKD		5,316,248	USD		—		(78	)

Morgan Stanley & Co. International		10/6/2022		9,364,976	ILS		2,632,832	USD		—		(39	)

Morgan Stanley & Co. International		10/6/2022		31,927,992	USD		46,549,319	AUD		1,998,836		—

Morgan Stanley & Co. International		10/6/2022		5,245,131	USD		41,138,779	HKD		4,319		—

Morgan Stanley & Co. International		10/6/2022		2,597,611	USD		8,627,773	ILS		172,069		—

Morgan Stanley & Co. International		11/3/2022		29,790,751	USD		46,320,211	AUD		—		(329	)

Morgan Stanley & Co. International		11/3/2022		32,662,586	USD		32,064,305	CHF		—		(890	)

Morgan Stanley & Co. International		11/3/2022		24,579,797	USD		186,174,412	DKK		—		(900	)

Morgan Stanley & Co. International		11/3/2022		81,235,804	USD		82,757,718	EUR		—		(4,649	)

Morgan Stanley & Co. International		11/3/2022		52,615,523	USD		47,101,493	GBP		2,112		—

Morgan Stanley & Co. International		11/3/2022		4,624,002	USD		36,278,398	HKD		—		(564	)

Morgan Stanley & Co. International		11/3/2022		2,403,381	USD		8,529,832	ILS		—		(365	)

Morgan Stanley & Co. International		11/3/2022		2,835,985	USD		30,901,139	NOK		—		(281	)

Morgan Stanley & Co. International		11/3/2022		15,346,898	USD		170,099,094	SEK		—		(1,133	)

Morgan Stanley & Co. International		11/3/2022		2,314,767	USD		3,320,885	SGD		—		(233	)

Morgan Stanley & Co. International		11/4/2022		37,316,043	USD		5,386,247,239	JPY		—		(2,877	)

UBS AG		10/5/2022		32,368,029	USD		31,506,101	CHF		354,932		—

UBS AG		10/5/2022		25,829,006	USD		190,631,650	DKK		710,762		—

UBS AG		10/5/2022		89,132,528	USD		88,446,975	EUR		2,479,599		—

UBS AG		10/5/2022		53,625,666	USD		46,056,984	GBP		2,211,196		—

UBS AG		10/5/2022		39,107,236	USD		5,407,091,592	JPY		1,747,851		—

UBS AG		10/5/2022		3,366,859	USD		33,393,615	NOK		302,474		—

UBS AG		10/5/2022		16,794,311	USD		178,290,992	SEK		727,759		—

UBS AG		10/5/2022		2,289,294	USD		3,193,403	SGD		63,750		—

UBS AG		10/6/2022		31,927,990	USD		46,548,841	AUD		1,999,142		—

UBS AG		10/6/2022		5,245,132	USD		41,138,210	HKD		4,392		—
UBS AG		10/6/2022		2,597,611	USD		8,627,193	ILS		172,232		—
									$	43,594,409	$	(134,135	)

See Notes to Financial Statements.


WisdomTree Trust			27

Schedule of Investments (unaudited) (concluded)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

September 30, 2022

FAIR VALUATION SUMMARY

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



	Quoted Prices in Active Markets (Level 1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Assets:
Investments in Securities
Common Stocks	$	1,139,549,220	$	—		$	—	$	1,139,549,220
Exchange-Traded Fund		808,296		—			—		808,296
Investment of Cash Collateral for Securities Loaned		—		56,733,329			—		56,733,329
Total Investments in Securities	$	1,140,357,516	$	56,733,329		$	—	$	1,197,090,845
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	43,594,409		$	—	$	43,594,409
Liabilities:
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	(134,135	)	$	—	$	(134,135	)
Total – Net	$	1,140,357,516	$	100,193,603		$	—	$	1,240,551,119

¹	Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

See Notes to Financial Statements.


28		WisdomTree Trust

Schedule of Investments (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2022


Investments	Shares		Value

COMMON STOCKS – 97.9%

Japan – 97.9%

Air Freight & Logistics – 0.4%

Hitachi Transport System Ltd.		44,300	$	2,650,441

Mitsui-Soko Holdings Co. Ltd.		33,100		703,185

Nippon Express Holdings, Inc.		78,500		3,991,571

Total Air Freight & Logistics				7,345,197

Auto Components – 4.7%

Aisan Industry Co. Ltd.		97,500		460,068

Aisin Corp.^(a)		333,508		8,548,238

Bridgestone Corp.		617,585		19,921,271

Daikyonishikawa Corp.^(a)		111,000		407,973

Denso Corp.		413,279		18,804,487

Eagle Industry Co. Ltd.		80,000		599,122

Exedy Corp.		73,800		837,194

FCC Co. Ltd.		56,900		519,292

FuKoKu Co. Ltd.		34,200		228,953

Furukawa Battery Co. Ltd.		15,000		116,377

Futaba Industrial Co. Ltd.		53,400		119,532

G-Tekt Corp.		37,000		323,362

H-One Co. Ltd.		45,100		177,290

JTEKT Corp.		168,578		1,066,824

Koito Manufacturing Co. Ltd.		83,802		1,141,136

KYB Corp.		31,600		675,685

Musashi Seimitsu Industry Co. Ltd.^(a)		55,700		598,772

NGK Spark Plug Co. Ltd.		257,164		4,551,827

NHK Spring Co. Ltd.		213,000		1,252,292

Nifco, Inc.		49,890		1,035,749

NOK Corp.^(a)		152,800		1,189,717

Pacific Industrial Co. Ltd.		60,800		427,610

Press Kogyo Co. Ltd.		214,300		583,331

Riken Corp.		12,200		192,509

Sanoh Industrial Co. Ltd.^(a)		27,700		127,262

Shoei Co. Ltd.		14,000		505,855

Stanley Electric Co. Ltd.		95,207		1,489,161

Sumitomo Electric Industries Ltd.		642,983		6,503,348

Sumitomo Riko Co. Ltd.		60,600		235,710

Sumitomo Rubber Industries Ltd.		512,991		4,079,261

Suncall Corp.		62,200		281,038

Tachi-S Co. Ltd.		24,100		178,321

Taiho Kogyo Co. Ltd.^(a)		20,300		94,526

Tokai Rika Co. Ltd.		95,714		909,893

Topre Corp.^(a)		45,500		348,610

Toyo Tire Corp.^(a)		114,100		1,237,604

Toyoda Gosei Co. Ltd.		109,300		1,649,939

Toyota Boshoku Corp.		256,836		3,144,242

TPR Co. Ltd.		40,594		333,457

TS Tech Co. Ltd.		134,964		1,323,112

Yokohama Rubber Co. Ltd.		252,700		3,868,757

Yorozu Corp.		20,500		113,303

Total Auto Components				90,202,010

Automobiles – 8.7%

Honda Motor Co. Ltd.		1,753,747		38,008,251

Isuzu Motors Ltd.		744,300		8,212,008

Subaru Corp.		575,567		8,616,903

Suzuki Motor Corp.		281,736		8,721,953

Toyota Motor Corp.		7,063,450		91,547,426

Yamaha Motor Co. Ltd.		545,000		10,192,511

Total Automobiles				165,299,052

Banks – 9.2%

Mitsubishi UFJ Financial Group, Inc.		16,721,622		75,264,339

Mizuho Financial Group, Inc.		3,793,664		40,952,019

Sumitomo Mitsui Financial Group, Inc.		2,132,400		59,282,031

Total Banks				175,498,389

Beverages – 1.6%

Asahi Group Holdings Ltd.		325,200		10,074,246

Kirin Holdings Co. Ltd.		908,745		13,981,658

Suntory Beverage & Food Ltd.		164,500		5,830,150

Takara Holdings, Inc.		97,200		709,803

Total Beverages				30,595,857

Biotechnology – 0.0%

Takara Bio, Inc.		25,200		296,143

Building Products – 1.5%

AGC, Inc.		255,647		7,930,188

Central Glass Co. Ltd.		52,200		1,199,109

Daikin Industries Ltd.		58,949		9,079,885

Lixil Corp.		245,100		3,588,151

Nihon Flush Co. Ltd.^(a)		17,600		113,446

Noritz Corp.		55,700		592,615

Okabe Co. Ltd.		97,300		434,924

Sanwa Holdings Corp.		247,531		2,127,386

TOTO Ltd.		74,000		2,464,196

Total Building Products				27,529,900

Capital Markets – 0.3%

Monex Group, Inc.^(a)		122,900		383,784

SBI Holdings, Inc.		295,900		5,306,963

Sparx Group Co. Ltd.^(a)		65,800		606,427

Total Capital Markets				6,297,174

Chemicals – 5.9%

ADEKA Corp.		106,400		1,588,521

Aica Kogyo Co. Ltd.		63,600		1,375,301

Arakawa Chemical Industries Ltd.^(a)		38,700		262,287

Asahi Kasei Corp.		1,200,822		7,926,943

Chugoku Marine Paints Ltd.^(a)		83,600		513,458

Daicel Corp.		354,542		2,084,461

Denka Co. Ltd.		92,915		2,038,102

DIC Corp.		99,853		1,660,480

Fujimi, Inc.		30,700		1,283,188

Fuso Chemical Co. Ltd.		12,600		270,724

Ishihara Sangyo Kaisha Ltd.		35,200		247,807

JCU Corp.		10,000		201,803

JSP Corp.		28,000		269,854

JSR Corp.^(a)		99,900		1,897,993

Kaneka Corp.		78,300		1,952,834

See Notes to Financial Statements.


WisdomTree Trust			29

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2022


Investments	Shares		Value

Kansai Paint Co. Ltd.^(a)		96,900	$	1,370,371

KH Neochem Co. Ltd.		23,200		422,503

Kumiai Chemical Industry Co. Ltd.^(a)		71,600		503,567

Kuraray Co. Ltd.		402,937		2,814,393

Kureha Corp.		13,900		852,755

Kyowa Leather Cloth Co. Ltd.		42,900		150,859

Lintec Corp.		106,747		1,637,950

MEC Co. Ltd.		5,000		77,101

Mitsubishi Chemical Group Corp.		1,163,863		5,319,781

Mitsubishi Gas Chemical Co., Inc.		198,382		2,598,586

Mitsui Chemicals, Inc.		190,915		3,718,190

Nihon Nohyaku Co. Ltd.		121,800		711,892

Nihon Parkerizing Co. Ltd.		116,100		746,755

Nippon Kayaku Co. Ltd.		222,200		1,777,661

Nippon Pillar Packing Co. Ltd.^(a)		26,300		415,545

Nippon Sanso Holdings Corp.		163,353		2,574,239

Nippon Shokubai Co. Ltd.		29,800		1,111,748

Nippon Soda Co. Ltd.		33,400		1,016,457

Nissan Chemical Corp.		69,653		3,103,816

Nitto Denko Corp.		117,774		6,371,000

NOF Corp.^(a)		57,200		2,062,828

Osaka Soda Co. Ltd.		26,500		695,706

Riken Technos Corp.		86,000		298,262

Sanyo Chemical Industries Ltd.^(a)		21,700		656,644

Shin-Etsu Chemical Co. Ltd.		188,279		18,639,940

Showa Denko KK		120,700		1,712,790

Sumitomo Bakelite Co. Ltd.		40,300		1,103,938

Sumitomo Chemical Co. Ltd.		1,670,685		5,736,505

Sumitomo Seika Chemicals Co. Ltd.		17,600		364,293

T Hasegawa Co. Ltd.^(a)		33,400		692,252

Taiyo Holdings Co. Ltd.		47,052		781,139

Teijin Ltd.		206,900		2,004,033

Tokai Carbon Co. Ltd.		138,300		935,409

Tokuyama Corp.		69,400		834,747

Tokyo Ohka Kogyo Co. Ltd.		25,400		1,059,905

Toray Industries, Inc.		889,118		4,372,339

Tosoh Corp.		326,107		3,627,291

Toyo Ink SC Holdings Co. Ltd.		111,100		1,458,358

Toyobo Co. Ltd.		69,451		496,610

UBE Corp.		141,400		1,887,352

Zeon Corp.		172,300		1,521,292

Total Chemicals				111,810,558

Commercial Services & Supplies – 0.1%

Pilot Corp.		21,100		800,297

Sato Holdings Corp.		33,500		416,132

Total Commercial Services & Supplies				1,216,429

Communications Equipment – 0.0%

Uniden Holdings Corp.		19,900		562,306

Construction & Engineering – 0.4%

Kajima Corp.		630,500		5,980,700

Penta-Ocean Construction Co. Ltd.		261,300		1,312,412

Taikisha Ltd.		39,800		885,392

Total Construction & Engineering				8,178,504

Construction Materials – 0.1%

Krosaki Harima Corp.		15,300		489,406

Taiheiyo Cement Corp.^(a)		104,300		1,468,537

Total Construction Materials				1,957,943

Consumer Finance – 0.2%

Acom Co. Ltd.^(a)		795,800		1,709,861

AEON Financial Service Co. Ltd.		149,800		1,482,010

Total Consumer Finance				3,191,871

Containers & Packaging – 0.2%

Toyo Seikan Group Holdings Ltd.		280,200		3,376,067

Diversified Financial Services – 0.5%

Mitsubishi HC Capital, Inc.		2,000,090		8,594,811

Electrical Equipment – 1.5%

Daihen Corp.		25,600		657,045

Fuji Electric Co. Ltd.		73,473		2,685,220

Furukawa Electric Co. Ltd.		42,081		666,633

GS Yuasa Corp.		70,484		1,099,540

Idec Corp.		25,000		508,480

Mabuchi Motor Co. Ltd.		15,200		412,698

Mitsubishi Electric Corp.		1,621,014		14,609,228

Nidec Corp.		84,716		4,758,307

Nippon Carbon Co. Ltd.		23,300		639,062

Nissin Electric Co. Ltd.		129,400		1,187,213

Sanyo Denki Co. Ltd.		8,200		279,574

Sinfonia Technology Co. Ltd.		38,300		355,098

Tatsuta Electric Wire and Cable Co. Ltd.^(a)		104,700		315,377

Total Electrical Equipment				28,173,475

Electronic Equipment, Instruments & Components – 3.4%

A&D HOLON Holdings Co. Ltd.		15,400		86,818

Ai Holdings Corp.		39,700		566,105

Amano Corp.		70,933		1,190,833

Anritsu Corp.^(a)		78,100		851,980

Canon Electronics, Inc.		35,900		393,115

Citizen Watch Co. Ltd.^(a)		190,200		793,677

Dexerials Corp.^(a)		72,400		1,625,617

Elematec Corp.		53,700		464,860

Furuno Electric Co. Ltd.		68,700		521,141

Hakuto Co. Ltd.		34,319		756,348

Hamamatsu Photonics KK		38,300		1,640,540

Hioki EE Corp.^(a)		12,900		559,688

Hirose Electric Co. Ltd.		17,460		2,289,480

Horiba Ltd.		20,300		786,784

Ibiden Co. Ltd.^(a)		25,501		697,668

Innotech Corp.		17,900		155,572

Iriso Electronics Co. Ltd.^(a)		5,000		136,965

Japan Aviation Electronics Industry Ltd.^(a)		59,600		872,928

Kaga Electronics Co. Ltd.		25,600		714,526

Keyence Corp.		22,240		7,359,812

Macnica Holdings, Inc.		65,400		1,226,264

Meiko Electronics Co. Ltd.^(a)		10,800		186,236

Murata Manufacturing Co. Ltd.		431,168		19,755,475

Nichicon Corp.^(a)		63,200		606,042

See Notes to Financial Statements.


30		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2022


Investments	Shares		Value

Nippon Electric Glass Co. Ltd.		104,760	$	1,804,323

Nissha Co. Ltd.		41,100		485,267

Omron Corp.		51,900		2,372,244

Optex Group Co. Ltd.		33,400		489,884

Osaki Electric Co. Ltd.		113,600		392,414

Restar Holdings Corp.		26,000		346,858

Ryosan Co. Ltd.		13,445		207,975

Sanshin Electronics Co. Ltd.^(a)		35,954		416,559

Shimadzu Corp.		103,800		2,721,483

Siix Corp.^(a)		46,000		345,131

Taiyo Yuden Co. Ltd.		57,800		1,487,478

TDK Corp.		175,304		5,395,553

Tokyo Electron Device Ltd.^(a)		16,000		585,858

Topcon Corp.		37,200		414,547

V Technology Co. Ltd.		20,200		356,984

Yokogawa Electric Corp.		123,838		1,946,398

Total Electronic Equipment, Instruments & Components				64,007,430

Energy Equipment & Services – 0.0%

Modec, Inc.^*		42,800		437,329

Entertainment – 3.7%

Capcom Co. Ltd.		96,000		2,414,177

Koei Tecmo Holdings Co. Ltd.^(a)		168,444		2,763,857

Konami Group Corp.^(a)		59,200		2,732,087

Marvelous, Inc.		110,300		507,512

Nintendo Co. Ltd.		1,482,700		59,965,635

Square Enix Holdings Co. Ltd.		38,900		1,674,303

Toei Animation Co. Ltd.^(a)		5,700		486,732

Total Entertainment				70,544,303

Food & Staples Retailing – 1.2%

Cosmos Pharmaceutical Corp.		5,600		555,183

Seven & I Holdings Co. Ltd.		554,524		22,243,023

Total Food & Staples Retailing				22,798,206

Food Products – 1.4%

Ajinomoto Co., Inc.		365,013		9,991,236

Ariake Japan Co. Ltd.^(a)		11,500		398,839

Fuji Oil Holdings, Inc.^(a)		47,100		782,912

Kagome Co. Ltd.		47,400		987,330

Kikkoman Corp.		29,700		1,682,545

Nippon Suisan Kaisha Ltd.		156,800		590,390

Nisshin Seifun Group, Inc.^(a)		209,200		2,121,701

Nissin Foods Holdings Co. Ltd.^(a)		44,000		3,061,108

Riken Vitamin Co. Ltd.		43,200		524,387

Sakata Seed Corp.		27,100		900,556

Toyo Suisan Kaisha Ltd.		68,100		2,804,076

Yakult Honsha Co. Ltd.		51,987		3,020,558

Total Food Products				26,865,638

Health Care Equipment & Supplies – 1.1%

Hoya Corp.		87,557		8,396,084

Jeol Ltd.		5,100		167,540

Mani, Inc.		27,800		337,645

Nakanishi, Inc.		48,700		888,574

Nihon Kohden Corp.		27,600		587,295

Nipro Corp.^(a)		157,700		1,185,378

Olympus Corp.		187,900		3,606,896

Sysmex Corp.		33,160		1,779,591

Terumo Corp.		136,112		3,831,015

Total Health Care Equipment & Supplies				20,780,018

Health Care Technology – 0.1%

M3, Inc.		34,600		968,355

Household Durables – 1.9%

Casio Computer Co. Ltd.^(a)		211,357		1,852,997

Fujitsu General Ltd.^(a)		42,800		888,556

JVCKenwood Corp.		131,400		178,837

Nikon Corp.		232,600		2,196,720

Panasonic Holdings Corp.^(a)		1,211,070		8,488,241

Rinnai Corp.		18,500		1,327,956

Sekisui Chemical Co. Ltd.		387,100		4,728,266

Sharp Corp.^(a)		392,900		2,342,552

Sony Group Corp.		170,600		10,944,707

Sumitomo Forestry Co. Ltd.		179,200		2,729,877

Toa Corp.		45,400		239,632

Zojirushi Corp.^(a)		48,800		525,608

Total Household Durables				36,443,949

Household Products – 0.3%

Pigeon Corp.		106,100		1,549,590

Unicharm Corp.		147,200		4,830,564

Total Household Products				6,380,154

Industrial Conglomerates – 1.7%

Hitachi Ltd.		476,605		20,131,700

Nisshinbo Holdings, Inc.		189,524		1,374,833

Toshiba Corp.		302,200		10,748,044

Total Industrial Conglomerates				32,254,577

Insurance – 5.2%

Dai-ichi Life Holdings, Inc.		854,600		13,532,372

MS&AD Insurance Group Holdings, Inc.		776,800		20,586,582

Sompo Holdings, Inc.		669,600		26,655,395

Tokio Marine Holdings, Inc.^(a)		2,187,900		38,771,381

Total Insurance				99,545,730

Internet & Direct Marketing Retail – 0.0%

Aucnet, Inc.^(a)		12,200		188,042

IT Services – 0.8%

Fujitsu Ltd.		60,232		6,568,532

GMO GlobalSign Holdings KK^(a)		3,300		100,770

NEC Corp.		129,700		4,144,271

NTT Data Corp.		350,200		4,514,651

Total IT Services				15,328,224

Leisure Products – 0.9%

Bandai Namco Holdings, Inc.		86,700		5,650,220

GLOBERIDE, Inc.		19,900		296,689

Mizuno Corp.		22,000		391,074

Roland Corp.		32,300		990,791

Sega Sammy Holdings, Inc.		190,900		2,596,857

Shimano, Inc.		27,800		4,367,488

See Notes to Financial Statements.


WisdomTree Trust			31

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2022


Investments	Shares		Value

Yamaha Corp.		53,407	$	1,896,521

Total Leisure Products				16,189,640

Machinery – 5.0%

Amada Co. Ltd.		314,393		2,130,778

Anest Iwata Corp.		50,600		298,891

Bando Chemical Industries Ltd.		68,500		485,550

CKD Corp.		27,800		329,962

Daifuku Co. Ltd.		30,000		1,411,448

DMG Mori Co. Ltd.		36,700		418,356

Ebara Corp.		75,531		2,470,823

FANUC Corp.		108,589		15,199,234

Fujitec Co. Ltd.^(a)		65,200		1,314,856

Glory Ltd.		61,400		900,564

Hitachi Zosen Corp.		77,400		458,267

Hokuetsu Industries Co. Ltd.		42,700		283,792

Hoshizaki Corp.		56,238		1,567,725

IHI Corp.		53,700		1,150,092

Iwaki Co. Ltd.		22,900		200,135

Japan Steel Works Ltd.		32,200		633,122

Kawasaki Heavy Industries Ltd.^(a)		43,700		660,278

Kito Corp.		24,600		461,935

Komatsu Ltd.		586,506		10,579,759

Kubota Corp.		592,302		8,200,444

Kurita Water Industries Ltd.^(a)		49,400		1,761,056

Makita Corp.^(a)		104,338		2,017,631

Meidensha Corp.^(a)		33,800		460,256

MINEBEA MITSUMI, Inc.		127,901		1,890,084

MISUMI Group, Inc.		70,500		1,519,638

Mitsubishi Heavy Industries Ltd.		407,119		13,517,661

Mitsubishi Logisnext Co. Ltd.		13,400		68,322

Mitsuboshi Belting Ltd.^(a)		31,500		655,049

Miura Co. Ltd.		41,400		842,616

Nabtesco Corp.		72,200		1,473,978

NGK Insulators Ltd.		262,175		3,260,320

Nissei ASB Machine Co. Ltd.		10,500		259,698

Nissei Plastic Industrial Co. Ltd.		15,800		97,041

Nitta Corp.		27,600		530,091

Nomura Micro Science Co. Ltd.^(a)		4,600		106,622

Noritake Co. Ltd.		13,600		377,243

Obara Group, Inc.^(a)		18,700		414,709

Organo Corp.		26,400		374,081

OSG Corp.		35,624		439,562

Sansei Technologies, Inc.		25,800		134,753

Shibaura Machine Co. Ltd.		24,100		479,519

SMC Corp.		17,951		7,220,334

Sodick Co. Ltd.		85,400		447,222

Star Micronics Co. Ltd.		48,600		546,958

Sumitomo Heavy Industries Ltd.^(a)		114,037		2,105,917

Takeuchi Manufacturing Co. Ltd.		29,200		536,814

Teikoku Electric Manufacturing Co. Ltd.		22,000		279,056

Tocalo Co. Ltd.^(a)		88,200		713,546

Torishima Pump Manufacturing Co. Ltd.		38,200		352,059

Tsubaki Nakashima Co. Ltd.		44,000		342,893

Tsubakimoto Chain Co.		33,600		709,164

Tsugami Corp.^(a)		57,200		462,358

YAMABIKO Corp.		50,300		383,996

Yaskawa Electric Corp.		62,400		1,795,544

Yushin Precision Equipment Co. Ltd.		43,100		209,924

Total Machinery				95,941,726

Marine – 2.0%

Iino Kaiun Kaisha Ltd.		175,000		787,074

Mitsui OSK Lines Ltd.^(a)		1,042,700		18,744,035

Nippon Yusen KK^(a)		1,091,600		18,604,976

NS United Kaiun Kaisha Ltd.		28,800		751,114

Total Marine				38,887,199

Media – 0.2%

Dentsu Group, Inc.		159,600		4,531,804

Metals & Mining – 2.2%

Asahi Holdings, Inc.		107,800		1,511,859

Daido Steel Co. Ltd.^(a)		30,900		751,446

Daiki Aluminium Industry Co. Ltd.^(a)		46,400		377,945

Dowa Holdings Co. Ltd.		38,500		1,380,462

JFE Holdings, Inc.^(a)		717,000		6,642,696

Kobe Steel Ltd.		329,100		1,318,719

Kyoei Steel Ltd.		57,600		551,944

Maruichi Steel Tube Ltd.		102,900		2,103,569

Mitsubishi Materials Corp.		134,500		1,848,219

Mitsui Mining & Smelting Co. Ltd.		46,000		966,113

Neturen Co. Ltd.		41,000		181,851

Nippon Steel Corp.		905,200		12,548,163

Nippon Yakin Kogyo Co. Ltd.^(a)		21,110		380,941

Nittetsu Mining Co. Ltd.^(a)		13,400		254,400

Sanyo Special Steel Co. Ltd.		42,600		550,361

Sumitomo Metal Mining Co. Ltd.		332,300		9,550,368

Total Metals & Mining				40,919,056

Multiline Retail – 0.1%

Ryohin Keikaku Co. Ltd.		153,600		1,282,963

Oil, Gas & Consumable Fuels – 2.5%

ENEOS Holdings, Inc.		6,938,800		22,296,010

Idemitsu Kosan Co. Ltd.^(a)		495,600		10,734,091

Inpex Corp.		1,436,400		13,486,252

Nippon Coke & Engineering Co. Ltd.^(a)		217,900		136,992

Total Oil, Gas & Consumable Fuels				46,653,345

Paper & Forest Products – 0.3%

Daiken Corp.		28,800		362,922

Hokuetsu Corp.^(a)		128,900		672,351

Nippon Paper Industries Co. Ltd.		112,600		732,023

Oji Holdings Corp.		798,900		2,969,417

Total Paper & Forest Products				4,736,713

Personal Products – 0.9%

Kao Corp.		321,180		13,087,289

Rohto Pharmaceutical Co. Ltd.		34,300		1,098,349

Shiseido Co. Ltd.		64,822		2,264,258

Total Personal Products				16,449,896

See Notes to Financial Statements.


32		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2022


Investments	Shares		Value

Pharmaceuticals – 7.4%

Astellas Pharma, Inc.		1,320,504	$	17,488,730

Chugai Pharmaceutical Co. Ltd.		719,200		18,016,644

Kyowa Kirin Co. Ltd.		198,970		4,556,880

Nippon Shinyaku Co. Ltd.		25,800		1,319,009

Ono Pharmaceutical Co. Ltd.		363,900		8,500,093

Otsuka Holdings Co. Ltd.		365,100		11,562,530

Shionogi & Co. Ltd.		140,177		6,768,435

Sumitomo Pharma Co. Ltd.		177,600		1,265,022

Takeda Pharmaceutical Co. Ltd.		2,713,763		70,625,895

Towa Pharmaceutical Co. Ltd.		33,500		491,350

Total Pharmaceuticals				140,594,588

Professional Services – 0.3%

Outsourcing, Inc.		20,000		151,577

Persol Holdings Co. Ltd.		69,500		1,284,414

Recruit Holdings Co. Ltd.		148,200		4,260,321

Total Professional Services				5,696,312

Road & Rail – 0.0%

Alps Logistics Co. Ltd.		51,000		364,676

Semiconductors & Semiconductor Equipment – 3.0%

Advantest Corp.^(a)		116,400		5,387,958

Disco Corp.		25,500		5,637,501

Ferrotec Holdings Corp.^(a)		15,500		253,256

Furuya Metal Co. Ltd.		2,300		123,465

Lasertec Corp.		13,300		1,350,261

Micronics Japan Co. Ltd.		25,900		211,681

Mitsui High-Tec, Inc.^(a)		5,700		268,175

Optorun Co. Ltd.		33,700		487,066

Rohm Co. Ltd.		47,400		3,097,889

SCREEN Holdings Co. Ltd.		13,160		716,438

Shibaura Mechatronics Corp.		5,100		329,441

Shinko Electric Industries Co. Ltd.^(a)		56,059		1,206,424

SUMCO Corp.		103,300		1,204,673

Tokyo Electron Ltd.		136,853		33,753,512

Tokyo Seimitsu Co. Ltd.		36,900		1,086,006

Ulvac, Inc.		22,600		800,981

Yamaichi Electronics Co. Ltd.		33,400		412,582

Total Semiconductors & Semiconductor Equipment				56,327,309

Software – 0.3%

Cybernet Systems Co. Ltd.		65,100		406,580

Trend Micro, Inc.		102,808		5,554,310

Total Software				5,960,890

Specialty Retail – 0.8%

ABC-Mart, Inc.		78,200		3,365,823

Fast Retailing Co. Ltd.		21,000		11,129,296

IDOM, Inc.		34,500		207,126

VT Holdings Co. Ltd.		166,000		545,898

Total Specialty Retail				15,248,143

Technology Hardware, Storage & Peripherals – 2.8%

Brother Industries Ltd.		225,843		3,886,662

Canon, Inc.		1,258,497		27,579,208

Eizo Corp.		24,800		621,949

FUJIFILM Holdings Corp.		273,295		12,478,542

Konica Minolta, Inc.^(a)		751,900		2,316,815

MCJ Co. Ltd.		96,300		660,651

Riso Kagaku Corp.		27,400		442,580

Roland DG Corp.		15,500		318,470

Seiko Epson Corp.		364,700		4,963,619

Toshiba TEC Corp.		15,200		392,746

Wacom Co. Ltd.		89,000		437,176

Total Technology Hardware, Storage & Peripherals				54,098,418

Textiles, Apparel & Luxury Goods – 0.2%

Asics Corp.		66,492		1,056,559

Kurabo Industries Ltd.		26,347		359,132

Onward Holdings Co. Ltd.		354,300		714,744

Seiko Holdings Corp.		27,700		576,984

Seiren Co. Ltd.^(a)		33,510		487,098

Wacoal Holdings Corp.^(a)		29,700		440,129

Total Textiles, Apparel & Luxury Goods				3,634,646

Tobacco – 4.9%

Japan Tobacco, Inc.		5,731,731		94,007,595

Trading Companies & Distributors – 8.0%

Alconix Corp.		15,800		143,651

Chori Co. Ltd.		22,700		300,952

Hanwa Co. Ltd.		30,000		711,942

Inabata & Co. Ltd.		122,986		1,983,138

ITOCHU Corp.		2,033,094		49,175,185

Kokusai Pulp & Paper Co. Ltd.^(a)		112,500		558,050

Marubeni Corp.		2,121,878		18,588,147

Mitsubishi Corp.^(a)		1,666,800		45,693,201

Nagase & Co. Ltd.		94,400		1,285,450

Nippon Steel Trading Corp.		54,700		1,900,867

Sanyo Trading Co. Ltd.		40,400		288,601

Shinsho Corp.		11,800		300,819

Sojitz Corp.		243,204		3,568,795

Sumitomo Corp.		1,631,477		20,316,676

Toyota Tsusho Corp.		259,910		8,044,470

Total Trading Companies & Distributors				152,859,944

Transportation Infrastructure – 0.0%

Nissin Corp.		15,800		189,388
TOTAL COMMON STOCKS (Cost: $2,409,744,608)				1,861,241,892

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.1%

United States – 4.1%

State Street Navigator Securities Lending Government Money Market Portfolio, 3.07%^(b)
(Cost: $78,604,290)		78,604,290		78,604,290

TOTAL INVESTMENTS IN SECURITIES – 102.0% (Cost: $2,488,348,898)				1,939,846,182

Other Assets less Liabilities – (2.0)%				(38,222,786	)

NET ASSETS – 100.0%			$	1,901,623,396

*	Non-income producing security.

^(a)

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $116,799,406 and the total market value of the collateral held by the Fund was $140,946,990. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $62,342,700.

^(b)	Rate shown represents annualized 7-day yield as of September 30, 2022.

See Notes to Financial Statements.


WisdomTree Trust			33

Schedule of Investments (unaudited) (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

September 30, 2022



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation
Bank of America NA		10/5/2022		73,441,112,095	JPY		507,436,009	USD	$	—	$	(7,062	)
Bank of America NA		10/5/2022		495,922,064	USD		68,586,715,742	JPY		22,033,748		—
Bank of America NA		11/4/2022		484,679,301	USD		69,952,939,558	JPY		6,381		—
Citibank NA		10/5/2022		73,441,721,018	JPY		507,436,009	USD		—		(2,855	)
Citibank NA		11/4/2022		484,679,300	USD		69,953,666,433	JPY		1,343		—
HSBC Holdings PLC		10/5/2022		13,158,794	USD		1,870,921,278	JPY		231,980		—
JP Morgan Chase Bank NA		10/5/2022		73,441,518,044	JPY		507,436,009	USD		—		(4,257	)
JP Morgan Chase Bank NA		10/5/2022		495,922,064	USD		68,567,821,111	JPY		22,164,297		—
JP Morgan Chase Bank NA		10/5/2022		19,738,192	USD		2,842,159,506	JPY		100,772		—
JP Morgan Chase Bank NA		10/5/2022		13,158,794	USD		1,903,481,398	JPY		7,011		—
JP Morgan Chase Bank NA		11/4/2022		484,679,300	USD		69,953,424,093	JPY		3,022		—
Morgan Stanley & Co. International		10/5/2022		73,447,723,479	JPY		507,436,009	USD		38,618		—
Morgan Stanley & Co. International		10/5/2022		495,922,064	USD		68,568,207,434	JPY		22,161,628		—
Morgan Stanley & Co. International		11/4/2022		484,679,300	USD		69,959,254,300	JPY		—		(37,373	)
UBS AG		10/5/2022		495,922,064	USD		68,567,771,519	JPY		22,164,640		—
									$	88,913,440	$	(51,547	)



FAIR VALUATION SUMMARY

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



	Quoted Prices in Active Markets (Level 1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Assets:
Investments in Securities
Common Stocks	$	1,861,241,892	$	—		$	—	$	1,861,241,892
Investment of Cash Collateral for Securities Loaned		—		78,604,290			—		78,604,290
Total Investments in Securities	$	1,861,241,892	$	78,604,290		$	—	$	1,939,846,182
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	88,913,440		$	—	$	88,913,440
Liabilities:
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	(51,547	)	$	—	$	(51,547	)
Total – Net	$	1,861,241,892	$	167,466,183		$	—	$	2,028,708,075

¹	Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

See Notes to Financial Statements.


34		WisdomTree Trust

Schedule of Investments (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

COMMON STOCKS – 98.3%

Japan – 98.3%

Air Freight & Logistics – 0.4%

AIT Corp.^(a)		2,100	$	21,037

Konoike Transport Co. Ltd.		1,700		16,736

Maruwa Unyu Kikan Co. Ltd.^(a)		1,500		15,037

Mitsui-Soko Holdings Co. Ltd.		1,400		29,742

SBS Holdings, Inc.		700		13,488

Total Air Freight & Logistics				96,040

Auto Components – 3.8%

Aisan Industry Co. Ltd.		4,200		19,818

Daikyonishikawa Corp.^(a)		5,900		21,685

Eagle Industry Co. Ltd.		4,800		35,947

Exedy Corp.		2,900		32,898

FCC Co. Ltd.		2,300		20,991

FuKoKu Co. Ltd.		2,600		17,406

Furukawa Battery Co. Ltd.^(a)		1,300		10,086

Futaba Industrial Co. Ltd.		2,900		6,491

G-Tekt Corp.^(a)		2,098		18,335

H-One Co. Ltd.^(a)		4,100		16,117

IJTT Co. Ltd.		2,100		7,312

KYB Corp.		1,600		34,212

Musashi Seimitsu Industry Co. Ltd.^(a)		2,900		31,175

NHK Spring Co. Ltd.^(a)		10,500		61,733

Nihon Tokushu Toryo Co. Ltd.		1,700		10,664

NOK Corp.^(a)		7,600		59,174

Pacific Industrial Co. Ltd.		3,200		22,506

Press Kogyo Co. Ltd.^(a)		8,400		22,865

Riken Corp.^(a)		1,100		17,357

Sanoh Industrial Co. Ltd.^(a)		2,600		11,945

Shoei Co. Ltd.		800		28,906

Sumitomo Riko Co. Ltd.^(a)		2,700		10,502

Tachi-S Co. Ltd.		1,300		9,619

Taiho Kogyo Co. Ltd.^(a)		1,200		5,588

Tokai Rika Co. Ltd.^(a)		5,025		47,770

Topre Corp.		1,800		13,791

Toyo Tire Corp.		5,800		62,911

Toyoda Gosei Co. Ltd.		6,100		92,083

TPR Co. Ltd.		1,906		15,657

TS Tech Co. Ltd.		6,600		64,703

Yorozu Corp.		1,200		6,632

Total Auto Components				836,879

Automobiles – 0.1%

Nissan Shatai Co. Ltd.^(a)		4,200		23,532

Banks – 8.8%

77 Bank Ltd.		5,000		61,557

Aichi Bank Ltd.^*		1,000		38,986

Akita Bank Ltd.		1,500		16,705

Aozora Bank Ltd.^(a)		8,800		156,977

Awa Bank Ltd.^(a)		1,300		16,966

Bank of Iwate Ltd.^(a)		1,100		13,618

Bank of Nagoya Ltd.		700		14,508

Bank of Saga Ltd.		2,500		26,270

Bank of the Ryukyus Ltd.		2,800		14,798

Chugoku Bank Ltd.^*(a)		7,700		47,824

Daishi Hokuetsu Financial Group, Inc.^(a)		3,400		62,999

Ehime Bank Ltd.^(a)		2,400		14,276

FIDEA Holdings Co. Ltd.^(a)		1,700		14,810

Fukui Bank Ltd.^(a)		1,500		14,166

Gunma Bank Ltd.^(a)		26,100		70,684

Hachijuni Bank Ltd.^(a)		28,700		94,976

Hokkoku Financial Holdings, Inc.		1,100		35,870

Hokuhoku Financial Group, Inc.		8,500		50,150

Hyakugo Bank Ltd.^(a)		12,600		27,595

Hyakujushi Bank Ltd.^(a)		1,900		21,882

Iyo Bank Ltd.^*(a)		13,000		62,779

Juroku Financial Group, Inc.		1,900		32,016

Keiyo Bank Ltd.^(a)		9,800		31,957

Kiyo Bank Ltd.^(a)		2,398		22,995

Kyushu Financial Group, Inc.^(a)		21,700		57,269

Mebuki Financial Group, Inc.		85,500		166,576

Miyazaki Bank Ltd.		1,400		20,776

Musashino Bank Ltd.		2,200		25,899

Nanto Bank Ltd.		2,000		29,017

Nishi-Nippon Financial Holdings, Inc.		10,800		55,961

North Pacific Bank Ltd.		25,400		39,834

Ogaki Kyoritsu Bank Ltd.^(a)		2,400		28,403

Oita Bank Ltd.		1,100		13,793

Okinawa Financial Group, Inc.^(a)		1,040		15,067

Procrea Holdings, Inc.^(a)		700		10,272

San ju San Financial Group, Inc.^(a)		2,200		21,446

San-In Godo Bank Ltd.		9,500		45,943

Senshu Ikeda Holdings, Inc.^(a)		18,800		27,146

Seven Bank Ltd.^(a)		83,100		148,695

Shiga Bank Ltd.^(a)		1,600		28,895

Shikoku Bank Ltd.		4,300		25,340

Suruga Bank Ltd.		3,700		9,509

Toho Bank Ltd.^(a)		10,800		15,147

Tokyo Kiraboshi Financial Group, Inc.		1,900		27,855

TOMONY Holdings, Inc.^(a)		6,700		14,349

Towa Bank Ltd.^(a)		5,000		17,721

Yamagata Bank Ltd.^(a)		1,900		13,113

Yamaguchi Financial Group, Inc.		17,100		90,731

Yamanashi Chuo Bank Ltd.		2,300		18,401

Total Banks				1,932,522

Beverages – 0.4%

Sapporo Holdings Ltd.		2,100		46,136

Takara Holdings, Inc.		4,200		30,671

Total Beverages				76,807

Biotechnology – 0.0%

Pharma Foods International Co. Ltd.^(a)		300		2,553

Building Products – 1.2%

Bunka Shutter Co. Ltd.		6,600		46,692

Central Glass Co. Ltd.^(a)		2,200		50,537

Nichias Corp.		2,800		43,428

Nichiha Corp.		1,500		28,457

See Notes to Financial Statements.


WisdomTree Trust			35

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

Noritz Corp.		1,800	$	19,151

Shin Nippon Air Technologies Co. Ltd.		1,000		12,442

Sinko Industries Ltd.^(a)		1,100		11,278

Takara Standard Co. Ltd.		2,717		24,308

Takasago Thermal Engineering Co. Ltd.		2,700		31,730

Total Building Products				268,023

Capital Markets – 2.0%

GMO Financial Holdings, Inc.^(a)		10,300		50,950

Ichiyoshi Securities Co. Ltd.^(a)		6,100		25,033

IwaiCosmo Holdings, Inc.^(a)		5,400		45,142

Kyokuto Securities Co. Ltd.^(a)		6,200		28,485

Marusan Securities Co. Ltd.^(a)		6,400		19,145

Matsui Securities Co. Ltd.^(a)		20,000		107,776

Mito Securities Co. Ltd.^(a)		11,200		18,338

Monex Group, Inc.^(a)		6,365		19,876

Morningstar Japan KK		6,999		22,436

Okasan Securities Group, Inc.^(a)		13,000		29,279

Sparx Group Co. Ltd.^(a)		2,340		21,566

Tokai Tokyo Financial Holdings, Inc.^(a)		21,600		52,678

Total Capital Markets				440,704

Chemicals – 8.7%

ADEKA Corp.^(a)		5,100		76,141

Aica Kogyo Co. Ltd.^(a)		2,800		60,548

Arakawa Chemical Industries Ltd.^(a)		1,700		11,522

Asahi Yukizai Corp.		1,100		16,696

Chugoku Marine Paints Ltd.^(a)		3,900		23,953

CI Takiron Corp.^(a)		5,200		18,753

Daicel Corp.		17,600		103,476

Dainichiseika Color & Chemicals Manufacturing Co. Ltd.		800		9,368

DIC Corp.		4,800		79,820

DKS Co. Ltd.		500		6,601

Fujimi, Inc.		1,400		58,517

Fujimori Kogyo Co. Ltd.^(a)		600		13,327

Fuso Chemical Co. Ltd.		600		12,892

Ishihara Sangyo Kaisha Ltd.		800		5,632

JCU Corp.		500		10,090

JSP Corp.		1,717		16,548

Kaneka Corp.		3,548		88,489

KeePer Technical Laboratory Co. Ltd.^(a)		400		10,280

KH Neochem Co. Ltd.		1,200		21,854

Koatsu Gas Kogyo Co. Ltd.^(a)		2,600		11,191

Konishi Co. Ltd.^(a)		1,700		18,240

Kumiai Chemical Industry Co. Ltd.		3,194		22,464

Kureha Corp.		800		49,079

Kyowa Leather Cloth Co. Ltd.^(a)		4,000		14,066

Lintec Corp.		5,600		85,928

MEC Co. Ltd.		500		7,710

Nihon Nohyaku Co. Ltd.^(a)		3,500		20,457

Nihon Parkerizing Co. Ltd.		4,900		31,517

Nippon Chemical Industrial Co. Ltd.		600		7,756

Nippon Kayaku Co. Ltd.^(a)		10,400		83,203

Nippon Pillar Packing Co. Ltd.		1,500		23,700

Nippon Shokubai Co. Ltd.		1,300		48,499

Nippon Soda Co. Ltd.		1,600		48,692

Okamoto Industries, Inc.^(a)		800		19,621

Okura Industrial Co. Ltd.^(a)		1,200		14,773

Osaka Organic Chemical Industry Ltd.^(a)		500		7,033

Osaka Soda Co. Ltd.		977		25,649

Riken Technos Corp.^(a)		6,000		20,809

Sakata INX Corp.		2,700		18,224

Sanyo Chemical Industries Ltd.		1,100		33,286

Sekisui Kasei Co. Ltd.		4,100		11,274

Shikoku Chemicals Corp.^(a)		1,700		14,399

Shin-Etsu Polymer Co. Ltd.		2,600		21,501

Stella Chemifa Corp.^(a)		700		12,129

Sumitomo Bakelite Co. Ltd.		2,200		60,265

Sumitomo Seika Chemicals Co. Ltd.		700		14,489

T Hasegawa Co. Ltd.^(a)		1,100		22,799

Taiyo Holdings Co. Ltd.		2,000		33,203

Takasago International Corp.^(a)		800		14,630

Tayca Corp.		1,300		11,083

Teijin Ltd.		10,100		97,829

Tokai Carbon Co. Ltd.^(a)		6,800		45,993

Tokuyama Corp.^(a)		3,900		46,909

Tokyo Ohka Kogyo Co. Ltd.		1,300		54,247

Toyo Ink SC Holdings Co. Ltd.		4,100		53,819

Toyobo Co. Ltd.		3,900		27,887

UBE Corp.		6,880		91,831

Valqua Ltd.		1,500		25,990

Total Chemicals				1,916,681

Commercial Services & Supplies – 1.5%

Aeon Delight Co. Ltd.		2,700		52,901

Daiseki Co. Ltd.		640		19,720

Itoki Corp.^(a)		5,100		14,129

Japan Elevator Service Holdings Co. Ltd.		700		9,164

King Jim Co. Ltd.^(a)		4,300		27,093

Matsuda Sangyo Co. Ltd.		700		10,523

Nippon Air Conditioning Services Co. Ltd.		4,100		20,876

Nippon Kanzai Co. Ltd.^(a)		1,900		33,263

Nippon Parking Development Co. Ltd.		15,200		21,108

Okamura Corp.		5,600		53,391

Pilot Corp.		800		30,343

Sato Holdings Corp.		1,300		16,148

Studio Alice Co. Ltd.^(a)		1,000		14,826

Total Commercial Services & Supplies				323,485

Communications Equipment – 0.1%

Uniden Holdings Corp.		900		25,431

Construction & Engineering – 7.5%

Asanuma Corp.		2,000		36,975

Dai-Dan Co. Ltd.		1,200		17,750

Daiho Corp.^(a)		700		20,094

EXEO Group, Inc.		5,300		76,564

Fudo Tetra Corp.		1,800		18,318

Hazama Ando Corp.^(a)		11,000		63,608

INFRONEER Holdings, Inc.		10,768		73,203

See Notes to Financial Statements.


36		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

JDC Corp.		4,600	$	19,926

Kandenko Co. Ltd.		9,000		51,732

Kumagai Gumi Co. Ltd.		2,800		48,787

Kyudenko Corp.		2,700		51,297

Meisei Industrial Co. Ltd.		3,700		17,945

MIRAIT ONE Corp.		4,744		48,081

Nippon Densetsu Kogyo Co. Ltd.		1,800		22,832

Nishimatsu Construction Co. Ltd.^(a)		7,000		183,530

Nittoc Construction Co. Ltd.		4,800		29,647

Okumura Corp.		3,200		62,919

Penta-Ocean Construction Co. Ltd.		11,800		59,267

PS Mitsubishi Construction Co. Ltd.		4,100		17,392

Raito Kogyo Co. Ltd.		3,200		42,093

Raiznext Corp.		3,600		29,249

Sanki Engineering Co. Ltd.		5,000		54,751

Seikitokyu Kogyo Co. Ltd.^(a)		5,100		26,602

Shinnihon Corp.		2,200		10,746

SHO-BOND Holdings Co. Ltd.		2,800		121,096

Sumitomo Densetsu Co. Ltd.^(a)		1,900		34,037

Sumitomo Mitsui Construction Co. Ltd.		8,640		26,563

Taihei Dengyo Kaisha Ltd.		1,300		29,998

Taikisha Ltd.		1,400		31,144

Takamatsu Construction Group Co. Ltd.		1,700		22,092

Tekken Corp.		1,600		19,610

Tess Holdings Co. Ltd.		700		4,570

Toa Corp.		900		15,476

Toda Corp.^(a)		18,700		96,119

Tokyo Energy & Systems, Inc.		1,900		12,720

Tokyu Construction Co. Ltd.		5,800		25,284

Totetsu Kogyo Co. Ltd.		1,800		28,813

Toyo Construction Co. Ltd.		6,700		39,391

Yahagi Construction Co. Ltd.		3,200		16,271

Yokogawa Bridge Holdings Corp.		2,500		32,868

Yurtec Corp.		3,200		15,586

Total Construction & Engineering				1,654,946

Construction Materials – 0.9%

Krosaki Harima Corp.		700		22,391

Mitani Sekisan Co. Ltd.^(a)		300		7,182

Shinagawa Refractories Co. Ltd.		800		20,726

Sumitomo Osaka Cement Co. Ltd.^(a)		2,100		47,297

Taiheiyo Cement Corp.^(a)		5,100		71,808

Vertex Corp.^(a)		1,500		13,710

Yotai Refractories Co. Ltd.		1,500		14,477

Total Construction Materials				197,591

Consumer Finance – 1.4%

AEON Financial Service Co. Ltd.		7,900		78,157

Credit Saison Co. Ltd.		8,900		104,037

Jaccs Co. Ltd.		2,300		57,045

Orient Corp.^(a)		5,190		41,091

Premium Group Co. Ltd.		1,500		18,415

Total Consumer Finance				298,745

Containers & Packaging – 1.2%

Fuji Seal International, Inc.^(a)		1,100		11,627

Pack Corp.		700		10,717

Rengo Co. Ltd.		11,681		67,789

Tomoku Co. Ltd.		1,100		10,814

Toyo Seikan Group Holdings Ltd.		14,000		168,683

Total Containers & Packaging				269,630

Distributors – 0.6%

Arata Corp.		700		19,852

Doshisha Co. Ltd.		2,300		22,913

Happinet Corp.		2,100		26,811

PALTAC Corp.		1,500		46,168

Yamae Group Holdings Co. Ltd.		1,200		13,149

Total Distributors				128,893

Diversified Consumer Services – 0.4%

Asante, Inc.^(a)		1,800		18,815

Benesse Holdings, Inc.^(a)		3,100		46,154

Riso Kyoiku Co. Ltd.^(a)		4,100		9,064

Tokyo Individualized Educational Institute, Inc.^(a)		5,300		20,139

Total Diversified Consumer Services				94,172

Diversified Financial Services – 1.3%

eGuarantee, Inc.		700		12,066

Financial Products Group Co. Ltd.^(a)		3,600		28,154

Fuyo General Lease Co. Ltd.^(a)		1,700		92,666

Japan Securities Finance Co. Ltd.		5,000		28,326

Mizuho Leasing Co. Ltd.^(a)		2,400		51,649

NEC Capital Solutions Ltd.		1,000		14,267

Ricoh Leasing Co. Ltd.^(a)		2,200		53,653

Total Diversified Financial Services				280,781

Diversified Telecommunication Services – 0.2%

ARTERIA Networks Corp.		4,200		34,559

Usen-Next Holdings Co. Ltd.^(a)		600		8,182

Total Diversified Telecommunication Services				42,741

Electric Utilities – 0.7%

Hokkaido Electric Power Co., Inc.		16,000		50,074

Okinawa Electric Power Co., Inc.^(a)		3,483		25,459

Shikoku Electric Power Co., Inc.		13,200		65,934

Total Electric Utilities				141,467

Electrical Equipment – 1.6%

Daihen Corp.		1,200		30,799

Furukawa Electric Co. Ltd.		2,326		36,848

GS Yuasa Corp.^(a)		2,900		45,239

Idec Corp.		1,100		22,373

Mabuchi Motor Co. Ltd.		700		19,006

Nippon Carbon Co. Ltd.		900		24,685

Nippon Seisen Co. Ltd.^(a)		600		18,115

Nissin Electric Co. Ltd.		5,200		47,709

Nitto Kogyo Corp.^(a)		2,500		41,003

Sanyo Denki Co. Ltd.		300		10,228

Sinfonia Technology Co. Ltd.		1,200		11,126

SWCC Showa Holdings Co. Ltd.		500		6,045

See Notes to Financial Statements.


WisdomTree Trust			37

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

Takaoka Toko Co. Ltd.^(a)		1,200	$	14,657

Tatsuta Electric Wire and Cable Co. Ltd.^(a)		3,700		11,145

Total Electrical Equipment				338,978

Electronic Equipment, Instruments & Components – 5.1%

A&D HOLON Holdings Co. Ltd.		1,200		6,765

Ai Holdings Corp.		1,900		27,093

Amano Corp.		3,000		50,364

Anritsu Corp.^(a)		4,500		49,090

Canon Electronics, Inc.		2,200		24,091

Citizen Watch Co. Ltd.^(a)		10,800		45,067

CONEXIO Corp.^(a)		2,400		19,698

Daiwabo Holdings Co. Ltd.		6,800		87,522

Dexerials Corp.^(a)		3,600		80,832

Elematec Corp.		2,458		21,278

ESPEC Corp.^(a)		1,000		11,821

Furuno Electric Co. Ltd.		3,000		22,757

Hakuto Co. Ltd.		1,600		35,262

Hioki EE Corp.^(a)		500		21,693

I-PEX, Inc.		600		5,136

Innotech Corp.		2,300		19,990

Iriso Electronics Co. Ltd.		500		13,697

Japan Aviation Electronics Industry Ltd.^(a)		2,600		38,081

Kaga Electronics Co. Ltd.		1,300		36,284

Koa Corp.^(a)		1,100		16,757

Kyosan Electric Manufacturing Co. Ltd.^(a)		3,600		10,322

Macnica Holdings, Inc.		3,100		58,126

Maruwa Co. Ltd.^(a)		200		21,362

Meiko Electronics Co. Ltd.^(a)		500		8,622

Nichicon Corp.^(a)		2,700		25,891

Nippon Ceramic Co. Ltd.		700		11,805

Nippon Electric Glass Co. Ltd.		5,400		93,006

Nippon Signal Co. Ltd.^(a)		3,300		21,568

Nissha Co. Ltd.		1,400		16,530

Nohmi Bosai Ltd.		1,666		18,646

Optex Group Co. Ltd.^(a)		1,200		17,601

Restar Holdings Corp.^(a)		1,900		25,347

Riken Keiki Co. Ltd.^(a)		500		13,472

Ryoden Corp.^(a)		1,300		14,020

Ryosan Co. Ltd.		1,100		17,015

Sanshin Electronics Co. Ltd.^(a)		1,400		16,220

Siix Corp.^(a)		1,900		14,255

Tachibana Eletech Co. Ltd.		1,300		14,065

Tokyo Electron Device Ltd.^(a)		600		21,970

Topcon Corp.		1,700		18,944

V Technology Co. Ltd.^(a)		600		10,603

Yokowo Co. Ltd.^(a)		600		7,855

Total Electronic Equipment, Instruments & Components				1,110,523

Energy Equipment & Services – 0.2%

Modec, Inc.^*(a)		1,700		17,371

Toyo Kanetsu KK^(a)		1,200		20,361

Total Energy Equipment & Services				37,732

Entertainment – 0.8%

Akatsuki, Inc.		600		8,630

Avex, Inc.^(a)		8,400		89,429

Daiichikosho Co. Ltd.^(a)		2,300		64,673

Marvelous, Inc.		4,200		19,325

Total Entertainment				182,057

Food & Staples Retailing – 2.0%

Aeon Hokkaido Corp.^(a)		2,200		17,175

Ain Holdings, Inc.		500		21,590

Arcs Co. Ltd.		2,400		34,157

Axial Retailing, Inc.		800		17,990

Belc Co. Ltd.		500		18,619

Cawachi Ltd.		900		13,250

Create SD Holdings Co. Ltd.		1,400		30,322

Fuji Co. Ltd.		700		9,111

G-7 Holdings, Inc.^(a)		1,900		18,784

Heiwado Co. Ltd.		1,900		26,227

Kato Sangyo Co. Ltd.		1,400		32,305

Life Corp.		1,100		20,412

Mitsubishi Shokuhin Co. Ltd.		1,400		31,628

Okuwa Co. Ltd.		2,100		13,130

Qol Holdings Co. Ltd.		1,000		8,360

Retail Partners Co. Ltd.^(a)		1,200		9,219

San-A Co. Ltd.		700		21,110

United Super Markets Holdings, Inc.^(a)		3,400		24,758

Valor Holdings Co. Ltd.^(a)		2,000		24,581

Yaoko Co. Ltd.^(a)		700		31,725

Yokorei Co. Ltd.		3,100		18,868

Total Food & Staples Retailing				443,321

Food Products – 3.3%

Ariake Japan Co. Ltd.^(a)		500		17,341

Ezaki Glico Co. Ltd.		1,800		44,333

Fuji Oil Holdings, Inc.^(a)		2,551		42,404

Fujicco Co. Ltd.^(a)		1,600		21,124

Hokuto Corp.^(a)		2,500		32,713

Itoham Yonekyu Holdings, Inc.		21,000		96,625

J-Oil Mills, Inc.^(a)		1,700		18,251

Kagome Co. Ltd.		2,100		43,742

Kameda Seika Co. Ltd.^(a)		500		15,855

Kyokuyo Co. Ltd.		800		20,008

Maruha Nichiro Corp.		1,300		22,094

Megmilk Snow Brand Co. Ltd.		2,100		24,853

Mitsui DM Sugar Holdings Co. Ltd.		1,400		18,309

Morinaga & Co. Ltd.		1,700		46,686

Nippn Corp.		2,800		30,061

Nippon Suisan Kaisha Ltd.		7,400		27,863

Nisshin Oillio Group Ltd.		1,500		33,110

Prima Meat Packers Ltd.		1,900		27,434

Riken Vitamin Co. Ltd.^(a)		1,500		18,208

S Foods, Inc.		1,100		23,065

Sakata Seed Corp.		1,300		43,200

Showa Sangyo Co. Ltd.		1,200		20,544

Starzen Co. Ltd.		1,600		22,417

See Notes to Financial Statements.


38		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

Warabeya Nichiyo Holdings Co. Ltd.		700	$	10,717

Yukiguni Maitake Co. Ltd.		1,700		11,721

Total Food Products				732,678

Gas Utilities – 0.7%

Hokkaido Gas Co. Ltd.		1,600		17,543

Nippon Gas Co. Ltd.		6,100		86,604

Saibu Gas Holdings Co. Ltd.^(a)		1,800		21,476

Shizuoka Gas Co. Ltd.		2,500		17,099

Total Gas Utilities				142,722

Health Care Equipment & Supplies – 1.2%

Eiken Chemical Co. Ltd.		1,600		19,853

Hogy Medical Co. Ltd.^(a)		1,100		26,978

Japan Lifeline Co. Ltd.		3,100		20,710

Mani, Inc.		1,900		23,076

Mizuho Medy Co. Ltd.^(a)		500		9,472

Nagaileben Co. Ltd.		1,600		21,500

Nakanishi, Inc.		2,500		45,615

Nipro Corp.^(a)		7,323		55,045

Paramount Bed Holdings Co. Ltd.		2,206		39,336

Total Health Care Equipment & Supplies				261,585

Health Care Providers & Services – 1.2%

BML, Inc.		2,100		47,297

Falco Holdings Co. Ltd.^(a)		1,200		14,475

France Bed Holdings Co. Ltd.^(a)		3,100		19,339

H.U. Group Holdings, Inc.		6,500		118,553

Ship Healthcare Holdings, Inc.		2,218		41,665

Solasto Corp.		2,300		13,713

Tokai Corp.		900		11,149

Total Health Care Providers & Services				266,191

Hotels, Restaurants & Leisure – 2.0%

Aeon Fantasy Co. Ltd.		700		16,757

Arcland Service Holdings Co. Ltd.^(a)		700		10,335

Doutor Nichires Holdings Co. Ltd.		1,100		13,208

Heiwa Corp.^(a)		6,100		94,316

Hiday Hidaka Corp.		1,222		18,202

Ichibanya Co. Ltd.		900		27,607

KFC Holdings Japan Ltd.^(a)		900		16,838

KOMEDA Holdings Co. Ltd.		2,500		40,226

Kura Sushi, Inc.^(a)		400		8,456

Monogatari Corp.		200		9,589

MOS Food Services, Inc.		600		12,892

Ohsho Food Service Corp.		900		39,794

Plenus Co. Ltd.^(a)		3,100		41,249

Resorttrust, Inc.		2,600		41,709

Round One Corp.		6,500		28,201

Saizeriya Co. Ltd.		400		7,379

Tokyotokeiba Co. Ltd.		600		17,120

Total Hotels, Restaurants & Leisure				443,878

Household Durables – 1.9%

Cleanup Corp.^(a)		4,400		17,114

ES-Con Japan Ltd.^(a)		8,100		45,776

FJ Next Holdings Co. Ltd.		4,700		32,731

Fuji Corp. Ltd.^(a)		4,700		20,165

Fujitsu General Ltd.^(a)		2,000		41,521

Hoosiers Holdings Co. Ltd.		3,200		17,134

JVCKenwood Corp.		9,100		12,385

Ki-Star Real Estate Co. Ltd.^(a)		1,300		39,248

LEC, Inc.^(a)		2,300		13,093

Pressance Corp.^(a)		1,817		18,365

Sanei Architecture Planning Co. Ltd.		1,600		17,863

Sangetsu Corp.		4,000		44,243

Tama Home Co. Ltd.^(a)		3,000		48,706

Tamron Co. Ltd.		900		18,038

Zojirushi Corp.^(a)		2,100		22,619

Total Household Durables				409,001

Household Products – 0.5%

Earth Corp.		600		21,514

Pigeon Corp.		5,500		80,327

Transaction Co. Ltd.^(a)		1,100		8,094

Total Household Products				109,935

Independent Power & Renewable Electricity Producers – 1.0%

Electric Power Development Co. Ltd.		13,700		193,842

eRex Co. Ltd.		900		17,335

West Holdings Corp.		600		17,265

Total Independent Power & Renewable Electricity Producers				228,442

Industrial Conglomerates – 0.6%

Nisshinbo Holdings, Inc.		8,700		63,111

Noritsu Koki Co. Ltd.		600		10,123

TOKAI Holdings Corp.^(a)		11,000		66,192

Total Industrial Conglomerates				139,426

Insurance – 0.1%

Advance Create Co. Ltd.^(a)		2,000		13,306

Interactive Media & Services – 0.1%

Infocom Corp.		1,500		19,742

Internet & Direct Marketing Retail – 0.3%

ASKUL Corp.		2,200		22,707

Aucnet, Inc.^(a)		800		12,331

Belluna Co. Ltd.^(a)		3,400		16,396

Scroll Corp.^(a)		4,100		19,856

Total Internet & Direct Marketing Retail				71,290

IT Services – 3.1%

Bell System24 Holdings, Inc.		3,400		32,416

BIPROGY, Inc.		3,800		82,435

Comture Corp.^(a)		600		9,472

Digital Garage, Inc.		400		9,589

DTS Corp.		2,100		49,836

Future Corp.		2,300		25,154

GMO GlobalSign Holdings KK		200		6,107

GMO Internet Group, Inc.		2,600		45,769

Ines Corp.^(a)		1,100		11,095

Infomart Corp.		600		1,828

Information Services International-Dentsu Ltd.		1,300		39,787

JBCC Holdings, Inc.		1,500		18,311

See Notes to Financial Statements.


WisdomTree Trust			39

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

Kanematsu Electronics Ltd.		1,700	$	46,803

Mitsubishi Research Institute, Inc.		700		21,545

NEC Networks & System Integration Corp.		4,300		46,730

NET One Systems Co. Ltd.		2,500		48,672

NSD Co. Ltd.^(a)		3,000		51,007

Relia, Inc.		3,800		25,334

SB Technology Corp.^(a)		600		9,082

TDC Soft, Inc.^(a)		1,200		10,264

TKC Corp.		1,600		37,915

Transcosmos, Inc.		1,600		41,286

Uchida Yoko Co. Ltd.		400		12,118

Total IT Services				682,555

Leisure Products – 1.2%

Daikoku Denki Co. Ltd.^(a)		1,200		10,786

Furyu Corp.		1,000		6,971

GLOBERIDE, Inc.		600		8,945

Mizuno Corp.		700		12,443

Roland Corp.		1,800		55,214

Sankyo Co. Ltd.		4,900		148,444

Tomy Co. Ltd.		2,600		22,256

Total Leisure Products				265,059

Machinery – 4.4%

Aichi Corp.		4,300		23,320

Aida Engineering Ltd.^(a)		1,700		9,619

Alinco, Inc.^(a)		3,700		23,006

Bando Chemical Industries Ltd.^(a)		4,200		29,771

CKD Corp.		1,400		16,617

DMG Mori Co. Ltd.		1,800		20,519

Ebara Jitsugyo Co. Ltd.		900		13,474

Fujitec Co. Ltd.^(a)		3,200		64,533

Fukushima Galilei Co. Ltd.		400		9,893

Furukawa Co. Ltd.^(a)		2,200		18,436

Giken Ltd.		600		12,954

Glory Ltd.		2,600		38,135

Hitachi Zosen Corp.		3,135		18,561

Japan Steel Works Ltd.		1,203		23,654

Kito Corp.		1,100		20,656

Kitz Corp.		2,100		11,636

Kyokuto Kaihatsu Kogyo Co. Ltd.^(a)		1,700		15,538

Meidensha Corp.^(a)		1,500		20,426

METAWATER Co. Ltd.		1,700		22,280

Mitsubishi Logisnext Co. Ltd.^(a)		700		3,569

Mitsuboshi Belting Ltd.^(a)		1,400		29,113

Morita Holdings Corp.		2,000		17,714

Nachi-Fujikoshi Corp.		500		12,177

Nikko Co. Ltd.		6,900		28,840

Nippon Thompson Co. Ltd.		1,700		6,260

Nissei ASB Machine Co. Ltd.^(a)		600		14,840

Nitta Corp.		1,300		24,968

Nomura Micro Science Co. Ltd.^(a)		400		9,271

Noritake Co. Ltd.		400		11,095

Obara Group, Inc.		1,100		24,395

Oiles Corp.^(a)		1,500		15,285

OKUMA Corp.		500		17,099

Organo Corp.		1,200		17,004

OSG Corp.		1,800		22,210

Shibaura Machine Co. Ltd.		1,200		23,876

Shibuya Corp.		1,200		20,063

Shinmaywa Industries Ltd.		3,700		24,821

Sodick Co. Ltd.		2,500		13,092

Star Micronics Co. Ltd.		2,500		28,136

Takeuchi Manufacturing Co. Ltd.		1,200		22,061

Teikoku Electric Manufacturing Co. Ltd.		1,300		16,490

Tocalo Co. Ltd.^(a)		2,700		21,843

Torishima Pump Manufacturing Co. Ltd.		2,200		20,276

Tsubaki Nakashima Co. Ltd.		1,500		11,689

Tsubakimoto Chain Co.^(a)		1,500		31,659

Tsugami Corp.^(a)		1,200		9,700

Union Tool Co.		500		11,468

YAMABIKO Corp.		2,100		16,032

Yushin Precision Equipment Co. Ltd.		3,700		18,021

Total Machinery				956,095

Marine – 0.3%

Iino Kaiun Kaisha Ltd.		7,500		33,732

Japan Transcity Corp.		2,800		9,247

NS United Kaiun Kaisha Ltd.		1,200		31,296

Total Marine				74,275

Media – 0.8%

Carta Holdings, Inc.		1,200		13,837

Digital Holdings, Inc.^(a)		700		5,648

Intage Holdings, Inc.		1,800		18,865

Proto Corp.		1,200		8,539

SKY Perfect JSAT Holdings, Inc.		19,400		69,293

TV Tokyo Holdings Corp.		1,500		19,679

ValueCommerce Co. Ltd.		500		7,648

Wowow, Inc.		1,700		15,621

Zenrin Co. Ltd.^(a)		2,700		16,620

Total Media				175,750

Metals & Mining – 3.4%

Aichi Steel Corp.		700		9,972

Asahi Holdings, Inc.^(a)		5,100		71,526

Daido Steel Co. Ltd.^(a)		1,300		31,614

Daiki Aluminium Industry Co. Ltd.^(a)		2,500		20,363

Dowa Holdings Co. Ltd.		1,900		68,127

Hakudo Co. Ltd.		900		14,338

Kobe Steel Ltd.^(a)		16,200		64,914

Kurimoto Ltd.^(a)		1,200		13,306

Kyoei Steel Ltd.		2,700		25,873

Maruichi Steel Tube Ltd.		4,700		96,081

Mitsubishi Materials Corp.		6,800		93,442

Mitsui Mining & Smelting Co. Ltd.		2,100		44,105

Neturen Co. Ltd.		2,300		10,201

Nippon Denko Co. Ltd.^(a)		8,300		19,152

Nippon Light Metal Holdings Co. Ltd.^(a)		5,000		50,019

Nippon Yakin Kogyo Co. Ltd.^(a)		900		16,241

Nittetsu Mining Co. Ltd.^(a)		400		7,594

See Notes to Financial Statements.


40		WisdomTree Trust

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

Sanyo Special Steel Co. Ltd.^(a)		2,200	$	28,423

Toho Titanium Co. Ltd.^(a)		1,100		17,950

Toho Zinc Co. Ltd.		400		6,005

Tokyo Steel Manufacturing Co. Ltd.^(a)		2,800		24,393

Tokyo Tekko Co. Ltd.^(a)		1,500		13,514

Total Metals & Mining				747,153

Multiline Retail – 1.5%

H2O Retailing Corp.		5,400		41,299

Izumi Co. Ltd.		2,700		57,919

J. Front Retailing Co. Ltd.		12,800		103,995

Mr. Max Holdings Ltd.		4,600		19,799

Seria Co. Ltd.		2,000		34,930

Takashimaya Co. Ltd.		6,200		73,289

Total Multiline Retail				331,231

Oil, Gas & Consumable Fuels – 1.2%

Cosmo Energy Holdings Co. Ltd.		6,300		161,477

Itochu Enex Co. Ltd.		8,500		60,016

Nippon Coke & Engineering Co. Ltd.^(a)		17,200		10,814

Sala Corp.^(a)		3,600		18,902

San-Ai Obbli Co. Ltd.		2,300		17,749

Total Oil, Gas & Consumable Fuels				268,958

Paper & Forest Products – 0.4%

Daiken Corp.		1,400		17,642

Hokuetsu Corp.^(a)		7,600		39,642

Nippon Paper Industries Co. Ltd.		6,100		39,657

Total Paper & Forest Products				96,941

Personal Products – 0.5%

Milbon Co. Ltd.		500		22,004

Noevir Holdings Co. Ltd.		2,000		78,483

Total Personal Products				100,487

Pharmaceuticals – 1.4%

Astena Holdings Co. Ltd.		3,900		11,505

Kaken Pharmaceutical Co. Ltd.		2,400		63,256

KYORIN Holdings, Inc.^(a)		3,800		46,468

Mochida Pharmaceutical Co. Ltd.^(a)		1,700		39,639

Sawai Group Holdings Co. Ltd.		1,700		47,684

Seikagaku Corp.		2,100		12,057

Towa Pharmaceutical Co. Ltd.^(a)		1,700		24,934

Tsumura & Co.		2,200		46,889

ZERIA Pharmaceutical Co. Ltd.^(a)		1,500		21,472

Total Pharmaceuticals				313,904

Professional Services – 1.5%

Altech Corp.		1,250		15,959

Dip Corp.		1,200		30,467

en Japan, Inc.		600		9,248

Forum Engineering, Inc.		2,500		15,752

FULLCAST Holdings Co. Ltd.		900		15,918

Funai Soken Holdings, Inc.^(a)		1,140		19,336

IR Japan Holdings Ltd.		300		4,249

JAC Recruitment Co. Ltd.		3,100		47,460

LIKE, Inc.		1,100		16,392

Link and Motivation, Inc.^(a)		1,900		10,094

Meitec Corp.		3,400		53,885

Nomura Co. Ltd.		3,900		24,384

Outsourcing, Inc.		700		5,305

Pasona Group, Inc.^(a)		700		9,672

Tanseisha Co. Ltd.^(a)		2,500		13,127

UT Group Co. Ltd.		600		9,874

World Holdings Co. Ltd.		900		16,359

YAMADA Consulting Group Co. Ltd.		1,100		9,112

Total Professional Services				326,593

Real Estate Management & Development – 1.7%

Aoyama Zaisan Networks Co. Ltd.^(a)		1,400		9,034

CRE, Inc.^(a)		900		9,078

Dear Life Co. Ltd.		6,100		23,347

Goldcrest Co. Ltd.^(a)		2,400		27,640

Heiwa Real Estate Co. Ltd.		1,500		41,141

Ichigo, Inc.		17,600		36,235

Katitas Co. Ltd.^(a)		1,100		24,433

Keihanshin Building Co. Ltd.		2,200		18,589

SAMTY Co. Ltd.^(a)		3,400		52,828

Starts Corp., Inc.		1,900		34,536

Sun Frontier Fudousan Co. Ltd.		7,000		54,164

Takara Leben Co. Ltd.		9,700		25,800

Tosei Corp.		1,600		15,332

Total Real Estate Management & Development				372,157

Road & Rail – 1.3%

Alps Logistics Co. Ltd.		2,100		15,016

Fukuyama Transporting Co. Ltd.^(a)		800		18,045

Hamakyorex Co. Ltd.		600		13,016

Maruzen Showa Unyu Co. Ltd.^(a)		700		14,823

Nankai Electric Railway Co. Ltd.		1,800		36,760

Nikkon Holdings Co. Ltd.^(a)		2,900		45,239

Nishi-Nippon Railroad Co. Ltd.^(a)		1,100		21,917

Sakai Moving Service Co. Ltd.		400		12,947

Seino Holdings Co. Ltd.		5,400		43,276

Senko Group Holdings Co. Ltd.		9,300		61,617

Total Road & Rail				282,656

Semiconductors & Semiconductor Equipment – 1.1%

Ferrotec Holdings Corp.^(a)		600		9,803

Furuya Metal Co. Ltd.		200		10,736

Japan Material Co. Ltd.^(a)		1,800		22,981

MegaChips Corp.		400		6,972

Micronics Japan Co. Ltd.^(a)		800		6,538

Mimasu Semiconductor Industry Co. Ltd.		800		10,623

Mitsui High-Tec, Inc.^(a)		300		14,115

Optorun Co. Ltd.		1,500		21,680

Shibaura Mechatronics Corp.		200		12,919

Tokyo Seimitsu Co. Ltd.		1,800		52,976

Ulvac, Inc.		1,200		42,530

Yamaichi Electronics Co. Ltd.		1,400		17,294

Total Semiconductors & Semiconductor Equipment				229,167

See Notes to Financial Statements.


WisdomTree Trust			41

Schedule of Investments (unaudited) (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

Software – 0.9%

Broadleaf Co. Ltd.^(a)		3,500	$	12,187

Computer Engineering & Consulting Ltd.		1,800		18,293

Cresco Ltd.^(a)		1,000		11,330

Cybernet Systems Co. Ltd.		2,300		14,365

Digital Arts, Inc.		200		8,691

Fuji Soft, Inc.		500		28,257

Fukui Computer Holdings, Inc.		500		11,693

Miroku Jyoho Service Co. Ltd.		1,100		10,959

Scala, Inc.^(a)		2,700		12,479

SRA Holdings^(a)		1,800		36,996

Systena Corp.		7,000		19,489

UNITED, Inc.^(a)		1,000		9,665

WingArc1st, Inc.		700		8,894

Total Software				203,298

Specialty Retail – 3.5%

Adastria Co. Ltd.		1,922		28,443

Alleanza Holdings Co. Ltd.^(a)		2,600		17,639

Alpen Co. Ltd.^(a)		1,000		14,273

Arclands Corp.		1,200		12,013

Asahi Co. Ltd.		2,000		18,046

Autobacs Seven Co. Ltd.^(a)		7,500		72,645

Bic Camera, Inc.^(a)		4,600		39,312

Chiyoda Co. Ltd.		3,400		18,439

DCM Holdings Co. Ltd.		6,700		54,481

EDION Corp.^(a)		7,000		56,969

Honeys Holdings Co. Ltd.		2,200		18,482

IDOM, Inc.		1,600		9,606

Joshin Denki Co. Ltd.^(a)		1,200		15,719

Joyful Honda Co. Ltd.^(a)		2,900		35,743

K’s Holdings Corp.		13,100		108,152

Kohnan Shoji Co. Ltd.		1,000		23,352

Kojima Co. Ltd.		2,100		9,140

Komeri Co. Ltd.		1,400		26,734

Nafco Co. Ltd.^(a)		1,500		16,374

Nextage Co. Ltd.		600		13,016

Nojima Corp.^(a)		2,700		25,145

PAL GROUP Holdings Co. Ltd.		1,200		19,474

PC Depot Corp.^(a)		3,600		6,666

T-Gaia Corp.^(a)		3,300		37,367

VT Holdings Co. Ltd.		7,054		23,197

Xebio Holdings Co. Ltd.		2,000		13,320

Yellow Hat Ltd.^(a)		3,400		42,140

Total Specialty Retail				775,887

Technology Hardware, Storage & Peripherals – 1.3%

Eizo Corp.		1,000		25,079

Elecom Co. Ltd.^(a)		3,200		31,924

Konica Minolta, Inc.		40,500		124,792

MCJ Co. Ltd.		3,900		26,755

Riso Kagaku Corp.^(a)		1,200		19,383

Roland DG Corp.		500		10,273

Toshiba TEC Corp.		800		20,671

Wacom Co. Ltd.^(a)		4,500		22,104

Total Technology Hardware, Storage & Peripherals				280,981

Textiles, Apparel & Luxury Goods – 0.9%

Baroque Japan Ltd.^(a)		2,800		15,205

Fujibo Holdings, Inc.		500		11,348

Gunze Ltd.		700		18,691

Japan Wool Textile Co. Ltd.		4,000		29,431

Kurabo Industries Ltd.		1,200		16,357

Onward Holdings Co. Ltd.		8,739		17,629

Seiko Holdings Corp.^(a)		1,200		24,996

Seiren Co. Ltd.^(a)		1,500		21,804

Wacoal Holdings Corp.^(a)		1,700		25,193

Yondoshi Holdings, Inc.^(a)		2,000		23,738

Total Textiles, Apparel & Luxury Goods				204,392

Thrifts & Mortgage Finance – 0.1%

Aruhi Corp.^(a)		2,800		26,599

Trading Companies & Distributors – 3.0%

Advan Group Co. Ltd.		2,200		12,387

Alconix Corp.		900		8,183

Chori Co. Ltd.		1,200		15,909

Daiichi Jitsugyo Co. Ltd.		500		13,282

Hanwa Co. Ltd.		1,000		23,731

Inaba Denki Sangyo Co. Ltd.		3,000		56,520

Inabata & Co. Ltd.^(a)		5,800		93,525

Kamei Corp.		1,700		12,532

Kanamoto Co. Ltd.		1,500		21,389

Kanematsu Corp.		5,200		51,265

Kokusai Pulp & Paper Co. Ltd.^(a)		4,200		20,834

Nagase & Co. Ltd.		4,300		58,553

Nichiden Corp.		1,000		11,973

Nippon Steel Trading Corp.		2,296		79,788

Nishio Rent All Co. Ltd.^(a)		1,200		23,661

Onoken Co. Ltd.^(a)		2,600		25,399

Sanyo Trading Co. Ltd.^(a)		2,500		17,859

Sato Shoji Corp.^(a)		1,600		12,513

Shinsho Corp.^(a)		700		17,845

Trusco Nakayama Corp.		1,200		16,515

Wakita & Co. Ltd.		2,200		17,646

Yamazen Corp.		2,300		14,460

Yuasa Trading Co. Ltd.		1,300		31,480

Total Trading Companies & Distributors				657,249

Transportation Infrastructure – 0.7%

Kamigumi Co. Ltd.		4,100		75,743

Mitsubishi Logistics Corp.		2,600		61,253

Nissin Corp.^(a)		1,400		16,781

Total Transportation Infrastructure				153,777

Wireless Telecommunication Services – 0.3%

Okinawa Cellular Telephone Co.		3,700		65,184
TOTAL COMMON STOCKS (Cost: $29,597,629)				21,592,778

See Notes to Financial Statements.


42		WisdomTree Trust

Schedule of Investments (unaudited) (concluded)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

September 30, 2022


Investments	Shares		Value

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 15.1%

United States – 15.1%

State Street Navigator Securities Lending Government Money Market Portfolio, 3.07%^(b)
(Cost: $3,322,330)		3,322,330	$	3,322,330

TOTAL INVESTMENTS IN SECURITIES – 113.4% (Cost: $32,919,959)				24,915,108

Other Assets less Liabilities – (13.4)%				(2,943,368	)

NET ASSETS – 100.0%			$	21,971,740

^*	Non-income producing security.

^(a)

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $5,755,583 and the total market value of the collateral held by the Fund was $6,180,049. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,857,719.

^(b)	Rate shown represents annualized 7-day yield as of September 30, 2022.



FINANCIAL DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY CONTRACTS (OTC - OVER THE COUNTER)

Counterparty	Settlement Date		Amount and Description of Currency to be Purchased			Amount and Description of Currency to be Sold			Unrealized Appreciation		Unrealized Depreciation

Bank of America NA		10/5/2022		815,364,997	JPY		5,633,705	USD	$	—	$	(79	)
Bank of America NA		10/5/2022		5,633,705	USD		779,149,288	JPY		250,305		—
Bank of America NA		11/4/2022		5,551,779	USD		801,278,825	JPY		73		—
Citibank NA		10/5/2022		815,371,758	JPY		5,633,705	USD		—		(32	)
Citibank NA		10/5/2022		5,633,705	USD		778,919,433	JPY		251,893		—
Citibank NA		11/4/2022		5,551,778	USD		801,287,008	JPY		15		—
HSBC Holdings PLC		10/5/2022		815,367,251	JPY		5,633,705	USD		—		(63	)
HSBC Holdings PLC		11/4/2022		5,551,778	USD		801,280,346	JPY		61		—
JP Morgan Chase Bank NA		10/5/2022		815,369,504	JPY		5,633,705	USD		—		(47	)
JP Morgan Chase Bank NA		10/5/2022		5,633,705	USD		778,934,644	JPY		251,788		—
JP Morgan Chase Bank NA		11/4/2022		5,551,778	USD		801,284,232	JPY		35		—
UBS AG		10/5/2022		5,633,705	USD		778,934,081	JPY		251,792		—
									$	1,005,962	$	(221	)

FAIR VALUATION SUMMARY

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



	Quoted Prices in Active Markets (Level 1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Assets:
Investments in Securities
Common Stocks	$	21,592,778	$	—		$	—	$	21,592,778
Investment of Cash Collateral for Securities Loaned		—		3,322,330			—		3,322,330
Total Investments in Securities	$	21,592,778	$	3,322,330		$	—	$	24,915,108
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	1,005,962		$	—	$	1,005,962
Liabilities:
Financial Derivative Instruments
Foreign Currency Contracts¹	$	—	$	(221	)	$	—	$	(221	)
Total – Net	$	21,592,778	$	4,328,071		$	—	$	25,920,849

¹	Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

See Notes to Financial Statements.


WisdomTree Trust			43

Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

September 30, 2022


	WisdomTree Europe Hedged Equity Fund			WisdomTree Europe Hedged SmallCap Equity Fund			WisdomTree Germany Hedged Equity Fund			WisdomTree International Hedged Quality Dividend Growth Fund			WisdomTree Japan Hedged Equity Fund			WisdomTree Japan Hedged SmallCap Equity Fund
ASSETS:

Investments, at cost	$	1,519,124,748		$	42,339,272		$	27,879,344		$	1,468,783,448		$	2,488,348,898		$	32,919,959

Investment in affiliates, at cost (Note 3)		—			—			—			882,631			—			—

Foreign currency, at cost		759,787			160,577			11,119			399,298			514,952			22,864
Investments in securities, at value^1,2 (Note 2)		1,192,818,011			28,166,143			20,883,198			1,196,282,549			1,939,846,182			24,915,108

Investment in affiliates, at value (Note 3)		—			—			—			808,296			—			—

Cash		43,066			—			2,504			891,472			2,422,107			7,057

Foreign currency, at value		772,884			161,700			10,997			396,991			509,954			22,611

Unrealized appreciation on foreign currency contracts		34,838,617			1,499,210			627,773			43,594,409			88,913,440			1,005,962

Receivables:

Investment securities sold³		12,077,758			—			—			—			—			30,951

Dividends		325,423			27,132			—			2,795,647			23,607,125			237,244

Securities lending income		51,289			2,528			686			60,355			48,713			1,107

Foreign tax reclaims		5,623,933			130,591			217,975			3,061,909			2,965,991			20,751

Other (Note 6)		—			20,235			—			—			—			—
Total Assets		1,246,550,981			30,007,539			21,743,133			1,247,891,628			2,058,313,512			26,240,791
LIABILITIES:

Due to custodian		—			5,154			—			—			—			—

Unrealized depreciation on foreign currency contracts		473,939			583,597			285			134,135			51,547			221

Payables:

Cash collateral received for securities loaned (Note 2)		55,569,027			768,272			30,250			56,733,329			78,604,290			3,322,330

Investment securities purchased		32,594,194			859,513			588,846			41,051,064			77,254,295			935,800

Capital shares redeemed		12,510,447			—			—			—			—			—

Advisory fees (Note 3)		578,080			18,322			8,787			561,600			772,897			10,619

Service fees (Note 2)		4,385			139			81			4,262			7,087			81

Other (Note 6)		2,082,923			6,071			—			—			—			—
Total Liabilities		103,812,995			2,241,068			628,249			98,484,390			156,690,116			4,269,051
NET ASSETS	$	1,142,737,986		$	27,766,471		$	21,114,884		$	1,149,407,238		$	1,901,623,396		$	21,971,740
NET ASSETS:

Paid-in capital	$	3,273,987,600		$	58,389,159		$	57,466,540		$	1,258,098,905		$	3,734,814,477		$	47,538,659

Total distributable earnings (loss)		(2,131,249,614	)		(30,622,688	)		(36,351,656	)		(108,691,667	)		(1,833,191,081	)		(25,566,919	)
NET ASSETS	$	1,142,737,986		$	27,766,471		$	21,114,884		$	1,149,407,238		$	1,901,623,396		$	21,971,740
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)		18,150,000			1,000,000			750,000			31,800,000			30,900,000			500,000
Net asset value per share	$	62.96		$	27.77		$	28.15		$	36.14		$	61.54		$	43.94
¹ Includes market value of securities out on loan of:	$	62,049,690		$	944,220		$	28,753		$	69,560,713		$	116,799,406		$	5,755,583
² Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).
³ Includes market value of securities out on loan, which were sold and pending settlement, of:		—		$	4,599			—			—			—			—

See Notes to Financial Statements.


44		WisdomTree Trust

Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months Ended September 30, 2022


	WisdomTree Europe Hedged Equity Fund			WisdomTree Europe Hedged SmallCap Equity Fund			WisdomTree Germany Hedged Equity Fund			WisdomTree International Hedged Quality Dividend Growth Fund			WisdomTree Japan Hedged Equity Fund			WisdomTree Japan Hedged SmallCap Equity Fund
INVESTMENT INCOME:

Dividends	$	43,293,299		$	2,361,451		$	999,380		$	26,667,976		$	38,326,255		$	361,585

Dividends from affiliates (Note 3)		—			—			—			26,267			—			—

Non-cash dividends		1,715,741			120,272			—			7,369,628			—			—

Securities lending income, net (Note 2)		477,640			31,390			6,328			223,877			109,991			3,563

Other income (Note 6)		5,838,739			1,978			—			181,105			—			—

Less:

Foreign withholding taxes on dividends		(5,934,573	)		(289,335	)		(141,565	)		(2,231,272	)		(3,838,105	)		(50,879	)

IRS closing agreement fee (Note 6)		(2,082,923	)		—			—			—			—			—
Total investment income		43,307,923			2,225,756			864,143			32,237,581			34,598,141			314,269
EXPENSES:

Advisory fees (Note 3)		4,444,949			160,139			57,502			3,365,293			4,701,440			69,973

Service fees (Note 2)		33,720			1,214			527			25,530			43,096			530

Other (Note 6)		1,585,445			—			—			47,625			—			—
Total expenses		6,064,114			161,353			58,029			3,438,448			4,744,536			70,503
Expense waivers (Note 3)		—			—			—			(1,402	)		—			—
Net expenses		6,064,114			161,353			58,029			3,437,046			4,744,536			70,503
Net investment income		37,243,809			2,064,403			806,114			28,800,535			29,853,605			243,766
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

Net realized gain (loss) from:

Investment transactions		(25,871,558	)		(2,245,598	)		(515,931	)		(4,541,705	)		(27,001,699	)		(399,592	)

In-kind redemptions		47,030,840			(2,444,193	)		—			1,910,102			34,537,388			(172,095	)

Foreign currency contracts		201,737,073			6,939,553			2,945,450			136,194,104			356,104,285			4,928,749

Foreign currency related transactions		(156,398	)		7,938			5,694			(199,290	)		(1,700,033	)		(30,832	)
Net realized gain		222,739,957			2,257,700			2,435,213			133,363,211			361,939,941			4,326,230
Net increase (decrease) in unrealized appreciation/depreciation:

Investment transactions		(470,229,559	)		(12,538,939	)		(7,181,820	)		(366,098,201	)		(442,895,126	)		(2,986,893	)

Investment transactions in affiliates (Note 3)		—			—			—			(312,750	)		—			—

Foreign currency contracts		11,910,492			275,502			302,029			31,601,451			(9,856,104	)		(505,008	)

Translation of assets and liabilities denominated in foreign currencies		(658,125	)		(17,774	)		(24,506	)		(316,393	)		(399,311	)		(2,700	)
Net decrease in unrealized appreciation/depreciation		(458,977,192	)		(12,281,211	)		(6,904,297	)		(335,125,893	)		(453,150,541	)		(3,494,601	)
Net realized and unrealized gain (loss) on investments		(236,237,235	)		(10,023,511	)		(4,469,084	)		(201,762,682	)		(91,210,600	)		831,629
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	(198,993,426	)	$	(7,959,108	)	$	(3,662,970	)	$	(172,962,147	)	$	(61,356,995	)	$	1,075,395

See Notes to Financial Statements.


WisdomTree Trust			45

Statements of Changes in Net Assets

WisdomTree Trust



	WisdomTree Europe Hedged Equity Fund						WisdomTree Europe Hedged SmallCap Equity Fund						WisdomTree Germany Hedged Equity Fund

	For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

Net investment income	$	37,243,809		$	36,673,929		$	2,064,403		$	1,075,519		$	806,114		$	896,799

Net realized gain on investments, foreign currency contracts and foreign currency related transactions		222,739,957			240,865,392			2,257,700			7,708,188			2,435,213			3,376,676

Net decrease in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		(458,977,192	)		(200,887,973	)		(12,281,211	)		(7,410,758	)		(6,904,297	)		(4,164,626	)
Net increase (decrease) in net assets resulting from operations		(198,993,426	)		76,651,348			(7,959,108	)		1,372,949			(3,662,970	)		108,849
DISTRIBUTIONS TO SHAREHOLDERS:

Distributable earnings		(36,654,000	)		(44,246,812	)		(2,142,500	)		(1,117,302	)		(577,500	)		(1,209,360	)
CAPITAL SHARE TRANSACTIONS:

Net proceeds from sale of shares		—			55,365,070			1,744,506			23,162,889			—			—

Cost of shares redeemed		(487,361,993	)		(159,690,153	)		(24,647,960	)		—			—			(5,002,952	)

Net increase (decrease) in net assets resulting from capital share transactions		(487,361,993	)		(104,325,083	)		(22,903,454	)		23,162,889			—			(5,002,952	)
Net Increase (Decrease) in Net Assets		(723,009,419	)		(71,920,547	)		(33,005,062	)		23,418,536			(4,240,470	)		(6,103,463	)
NET ASSETS:

Beginning of period	$	1,865,747,405		$	1,937,667,952		$	60,771,533		$	37,352,997		$	25,355,354		$	31,458,817

End of period	$	1,142,737,986		$	1,865,747,405		$	27,766,471		$	60,771,533		$	21,114,884		$	25,355,354
SHARES CREATED AND REDEEMED:

Shares outstanding, beginning of period		25,200,000			26,650,000			1,750,000			1,100,000			750,000			900,000

Shares created		—			700,000			50,000			650,000			—			—

Shares redeemed		(7,050,000	)		(2,150,000	)		(800,000	)		—			—			(150,000	)
Shares outstanding, end of period		18,150,000			25,200,000			1,000,000			1,750,000			750,000			750,000

See Notes to Financial Statements.


46		WisdomTree Trust

Statements of Changes in Net Assets (concluded)

WisdomTree Trust



	WisdomTree International Hedged Quality Dividend Growth Fund						WisdomTree Japan Hedged Equity Fund						WisdomTree Japan Hedged SmallCap Equity Fund

	For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

Net investment income	$	28,800,535		$	30,140,597		$	29,853,605		$	45,925,889		$	243,766		$	753,687

Net realized gain on investments, foreign currency contracts and foreign currency related transactions		133,363,211			140,000,356			361,939,941			239,740,560			4,326,230			2,621,536

Net decrease in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		(335,125,893	)		(96,289,354	)		(453,150,541	)		(136,440,418	)		(3,494,601	)		(4,589,705	)

Net increase from payment by affiliate		—			13,616			—			—			—			—
Net increase (decrease) in net assets resulting from operations		(172,962,147	)		73,865,215			(61,356,995	)		149,226,031			1,075,395			(1,214,482	)
DISTRIBUTIONS TO SHAREHOLDERS:
Distributable earnings		(29,621,250	)		(34,880,873	)		(27,197,000	)		(51,969,830	)		(363,000	)		(980,043	)
CAPITAL SHARE TRANSACTIONS:

Net proceeds from sale of shares		186,630,627			480,736,121			357,188,487			911,652,905			—			13,925,653

Cost of shares redeemed		(11,732,553	)		(242,118,958	)		(286,855,550	)		(763,823,383	)		(4,344,141	)		(17,459,472	)
Net increase (decrease) in net assets resulting from capital share transactions		174,898,074			238,617,163			70,332,937			147,829,522			(4,344,141	)		(3,533,819	)
Net Increase (Decrease) in Net Assets		(27,685,323	)		277,601,505			(18,221,058	)		245,085,723			(3,631,746	)		(5,728,344	)
NET ASSETS:

Beginning of period	$	1,177,092,561		$	899,491,056		$	1,919,844,454		$	1,674,758,731		$	25,603,486		$	31,331,830

End of period	$	1,149,407,238		$	1,177,092,561		$	1,901,623,396		$	1,919,844,454		$	21,971,740		$	25,603,486
SHARES CREATED AND REDEEMED:

Shares outstanding, beginning of period		27,350,000			21,850,000			29,700,000			27,450,000			600,000			700,000

Shares created		4,750,000			10,850,000			5,650,000			14,700,000			—			300,000
Shares redeemed		(300,000	)		(5,350,000	)		(4,450,000	)		(12,450,000	)		(100,000	)		(400,000	)
Shares outstanding, end of period		31,800,000			27,350,000			30,900,000			29,700,000			500,000			600,000

See Notes to Financial Statements.


WisdomTree Trust			47

Financial Highlights

WisdomTree Trust

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


WisdomTree Europe Hedged Equity Fund	For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Year Ended March 31, 2021			For the Year Ended March 31, 2020			For the Year Ended March 31, 2019			For the Year Ended March 31, 2018
Net asset value, beginning of period	$	74.04		$	72.71		$	51.83		$	63.90		$	62.67		$	62.80
Investment operations:

Net investment income¹		1.71			1.38			1.76			1.52			1.79			1.23

Net realized and unrealized gain (loss)		(11.10	)		1.62			20.86			(12.21	)		0.90			0.08
Total from investment operations		(9.39	)		3.00			22.62			(10.69	)		2.69			1.31
Dividends and distributions to shareholders:

Net investment income		(1.69	)		(1.67	)		(1.74	)		(1.38	)		(1.29	)		(1.44	)

Tax return of capital		—			—			—			—			(0.17	)		—
Total dividends and distributions to shareholders		(1.69	)		(1.67	)		(1.74	)		(1.38	)		(1.46	)		(1.44	)
Net asset value, end of period	$	62.96		$	74.04		$	72.71		$	51.83		$	63.90		$	62.67

TOTAL RETURN²		(12.79	)%		4.04	%		44.22	%		(17.15	)%		4.33	%		2.03	%
RATIOS/SUPPLEMENTAL DATA:

Net assets, end of period (000’s omitted)	$	1,142,738		$	1,865,747		$	1,937,668		$	2,200,271		$	3,744,358		$	6,332,946

Ratios to average net assets of:

Expenses		0.69	%^3,4		0.59	%⁴		0.58	%		0.58	%		0.58	%		0.58	%

Net investment income		4.72	%³		1.79	%		2.81	%		2.29	%		2.86	%		1.91	%
Portfolio turnover rate⁵		5	%		34	%		55	%		26	%		18	%		20	%



WisdomTree Europe Hedged SmallCap Equity Fund	For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Year Ended March 31, 2021			For the Year Ended March 31, 2020			For the Year Ended March 31, 2019			For the Year Ended March 31, 2018
Net asset value, beginning of period	$	34.73		$	33.96		$	23.43		$	30.17		$	30.62		$	28.29
Investment operations:

Net investment income¹		1.23			0.75			1.02			1.22			1.06			0.74

Net realized and unrealized gain (loss)		(6.79	)		0.91	⁶		10.56			(6.92	)		(0.89	)		2.05
Total from investment operations		(5.56	)		1.66	⁶		11.58			(5.70	)		0.17			2.79
Dividends and distributions to shareholders:

Net investment income		(1.40	)		(0.89	)		(1.05	)		(1.04	)		(0.62	)		(0.45	)

Tax return of capital		—			—			—			—			—			(0.01	)
Total dividends and distributions to shareholders		(1.40	)		(0.89	)		(1.05	)		(1.04	)		(0.62	)		(0.46	)
Net asset value, end of period	$	27.77		$	34.73		$	33.96		$	23.43		$	30.17		$	30.62

TOTAL RETURN²		(16.29	)%		4.86	%		50.50	%		(19.62	)%		0.54	%		9.88	%
RATIOS/SUPPLEMENTAL DATA:

Net assets, end of period (000’s omitted)	$	27,766		$	60,772		$	37,353		$	49,197		$	120,671		$	154,624

Ratios to average net assets of:

Expenses		0.58	%³		0.63	%⁴		0.58	%		0.58	%		0.58	%		0.58	%

Net investment income		7.47	%³		2.08	%		3.59	%		3.99	%		3.55	%		2.43	%
Portfolio turnover rate⁵		10	%		57	%		77	%		49	%		37	%		37	%

¹	Based on average shares outstanding.

³	Annualized.

⁴	Included in the expense ratio are “Other fees” described in Note 6 (which are not annualized for the six months ended September 30, 2022). Without these expenses, the expense ratio would have been 0.58%.

⁵

Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

⁶	The amount per share does not correspond with the amount reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.

See Notes to Financial Statements.


48		WisdomTree Trust

Financial Highlights (continued)

WisdomTree Trust

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


WisdomTree Germany Hedged Equity Fund	For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Year Ended March 31, 2021			For the Year Ended March 31, 2020			For the Year Ended March 31, 2019			For the Year Ended March 31, 2018
Net asset value, beginning of period	$	33.81		$	34.95		$	22.79		$	28.63		$	30.95		$	30.40
Investment operations:

Net investment income¹		1.07			1.03			0.98			0.88			1.10			0.87

Net realized and unrealized gain (loss)		(5.96	)		(0.79	)		12.16			(5.87	)		(2.64	)		0.54
Total from investment operations		(4.89	)		0.24			13.14			(4.99	)		(1.54	)		1.41
Dividends and distributions to shareholders:

Net investment income		(0.77	)		(1.38	)		(0.98	)		(0.85	)		(0.59	)		(0.64	)

Tax return of capital		—			—			—			—			(0.19	)		(0.22	)
Total dividends and distributions to shareholders		(0.77	)		(1.38	)		(0.98	)		(0.85	)		(0.78	)		(0.86	)
Net asset value, end of period	$	28.15		$	33.81		$	34.95		$	22.79		$	28.63		$	30.95

TOTAL RETURN²		(14.64	)%		0.50	%		58.59	%		(18.06	)%		(5.07	)%		4.63	%
RATIOS/SUPPLEMENTAL DATA:

Net assets, end of period (000’s omitted)	$	21,115		$	25,355		$	31,459		$	29,622		$	51,541		$	91,302

Ratios to average net assets of:

Expenses		0.48	%³		0.48	%		0.48	%		0.48	%		0.48	%		0.48	%

Net investment income		6.73	%³		2.90	%		3.38	%		2.95	%		3.66	%		2.78	%
Portfolio turnover rate⁴		4	%		24	%		46	%		41	%		16	%		20	%



WisdomTree International Hedged Quality Dividend Growth Fund	For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Year Ended March 31, 2021			For the Year Ended March 31, 2020			For the Year Ended March 31, 2019			For the Year Ended March 31, 2018
Net asset value, beginning of period	$	43.04		$	41.17		$	30.61		$	32.14		$	30.78		$	28.39
Investment operations:

Net investment income¹		0.98			1.25			0.88			0.78			0.64			0.58

Net realized and unrealized gain (loss)		(6.88	)		2.03			10.54			(1.59	)		0.83			1.99

Net increase from payment by affiliate		—			0.00	⁵		0.08			—			—			—
Total from investment operations		(5.90	)		3.28			11.50			(0.81	)		1.47			2.57
Dividends to shareholders:

Net investment income		(1.00	)		(1.41	)		(0.94	)		(0.72	)		(0.11	)		(0.18	)
Net asset value, end of period	$	36.14		$	43.04		$	41.17		$	30.61		$	32.14		$	30.78

TOTAL RETURN²		(13.76	)%		7.93	%⁶		37.85	%⁷		(2.70	)%		4.78	%		9.05	%
RATIOS/SUPPLEMENTAL DATA:

Net assets, end of period (000’s omitted)	$	1,149,407		$	1,177,093		$	899,491		$	592,346		$	438,708		$	543,192

Ratios to average net assets of:

Expenses		0.59	%^3,8,9,10		0.58	%^8,9		0.58	%^8,9		0.58	%^8,9		0.58	%		0.58	%

Net investment income		4.95	%^3,8		2.85	%⁸		2.37	%⁸		2.32	%⁸		2.07	%		1.89	%
Portfolio turnover rate⁴		2	%		61	%		67	%		61	%		56	%		42	%

¹	Based on average shares outstanding.

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree International Hedged Quality Dividend Growth Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

³	Annualized.

⁴

⁵	Amount represents less than $0.005.

⁶	Includes a voluntary reimbursement from the sub-advisor for investment losses on certain equity transactions during the period. Excluding the voluntary reimbursement, total return would have been unchanged.

⁷	Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.27% lower.

⁸	The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

⁹	The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

¹⁰	Included in the expense ratio are “Other fees” described in Note 6 (which are not annualized). Without these expenses, the expense ratio would have been 0.58%.

See Notes to Financial Statements.


WisdomTree Trust			49

Financial Highlights (concluded)

WisdomTree Trust

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


WisdomTree Japan Hedged Equity Fund	For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Year Ended March 31, 2021			For the Year Ended March 31, 2020			For the Year Ended March 31, 2019			For the Year Ended March 31, 2018
Net asset value, beginning of period	$	64.64		$	61.01		$	42.64		$	50.42		$	55.76		$	50.40
Investment operations:

Net investment income¹		0.98			1.52			1.02			1.05			1.06			0.92

Net realized and unrealized gain (loss)		(3.20	)		3.76			18.73			(7.52	)		(5.03	)		5.81

Net increase from payment by affiliate		—			—			0.00	²		—			—			—
Total from investment operations		(2.22	)		5.28			19.75			(6.47	)		(3.97	)		6.73
Dividends to shareholders:

Net investment income		(0.88	)		(1.65	)		(1.38	)		(1.31	)		(1.37	)		(1.37	)
Net asset value, end of period	$	61.54		$	64.64		$	61.01		$	42.64		$	50.42		$	55.76

TOTAL RETURN³		(3.45	)%		8.79	%		46.97	%⁴		(13.26	)%		(7.20	)%		13.45	%
RATIOS/SUPPLEMENTAL DATA:

Net assets, end of period (000’s omitted)	$	1,901,623		$	1,919,844		$	1,674,759		$	1,709,801		$	3,254,417		$	6,607,000

Ratios to average net assets of:

Expenses		0.48	%⁵		0.48	%		0.48	%		0.48	%		0.48	%		0.48	%

Net investment income		3.05	%⁵		2.45	%		2.03	%		2.08	%		1.96	%		1.67	%
Portfolio turnover rate⁶		3	%		22	%		25	%		20	%		23	%		18	%



WisdomTree Japan Hedged SmallCap Equity Fund	For the Six Months Ended September 30, 2022 (unaudited)			For the Year Ended March 31, 2022			For the Year Ended March 31, 2021			For the Year Ended March 31, 2020			For the Year Ended March 31, 2019			For the Year Ended March 31, 2018
Net asset value, beginning of period	$	42.67		$	44.76		$	33.88		$	39.57		$	44.13		$	37.28
Investment operations:

Net investment income¹		0.44			0.99			0.64			0.75			0.51			0.64

Net realized and unrealized gain (loss)		1.44			(1.80	)		11.45			(5.52	)		(4.31	)		6.91
Total from investment operations		1.88			(0.81	)		12.09			(4.77	)		(3.80	)		7.55
Dividends to shareholders:

Net investment income		(0.61	)		(1.28	)		(1.21	)		(0.92	)		(0.76	)		(0.70	)
Net asset value, end of period	$	43.94		$	42.67		$	44.76		$	33.88		$	39.57		$	44.13

TOTAL RETURN³		4.45	%		(1.80	)%		36.31	%		(12.41	)%		(8.77	)%		20.42	%
RATIOS/SUPPLEMENTAL DATA:

Net assets, end of period (000’s omitted)	$	21,972		$	25,603		$	31,332		$	44,049		$	83,097		$	207,434

Ratios to average net assets of:

Expenses		0.58	%⁵		0.58	%		0.58	%		0.58	%		0.58	%		0.58	%

Net investment income		2.02	%⁵		2.26	%		1.67	%		1.90	%		1.20	%		1.51	%
Portfolio turnover rate⁶		4	%		41	%		41	%		36	%		38	%		30	%

¹	Based on average shares outstanding.

²	Amount represents less than $0.005.

⁴	Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged.

⁵	Annualized.

⁶

See Notes to Financial Statements.


50		WisdomTree Trust

Notes to Financial Statements (unaudited)

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.



Fund	Commencement of Operations
WisdomTree Europe Hedged Equity Fund (“Europe Hedged Equity Fund”)		December 31, 2009
WisdomTree Europe Hedged SmallCap Equity Fund (“Europe Hedged SmallCap Equity Fund”)		March 4, 2015
WisdomTree Germany Hedged Equity Fund (“Germany Hedged Equity Fund”)		October 17, 2013
WisdomTree International Hedged Quality Dividend Growth Fund (“International Hedged Quality Dividend Growth Fund”)		May 7, 2014
WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund”)		June 16, 2006
WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap Equity Fund”)		June 28, 2013

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree, Inc. (“WisdomTree”). WisdomTree is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believe such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g., broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts that settle within two business days after the trade date (“Spot Contracts”) and foreign currency contracts having a settlement period greater than two business days after the trade date (“Forward Contracts”) are valued daily using WM/Reuters closing spot and forward rates, respectively, as of 4:00 p.m. London time.


WisdomTree Trust			51

Notes to Financial Statements (unaudited) (continued)

In certain instances, such as when reliable market valuations are not readily available, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from the exchange or system on which it is principally traded, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Pricing Committee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates,

prepayment speeds, credit risk, etc.)

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

investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended (either due to events affecting the issuer of the security specifically or events affecting the primary trading exchange more broadly) or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets in which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details (e.g., credit rating, debt ranking, coupon date, maturity date, etc.), interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models may use inputs that are observed from actively quoted


52		WisdomTree Trust

Notes to Financial Statements (unaudited) (continued)

markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the six months ended September 30, 2022, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the fiscal period ended September 30, 2022 and open positions in such derivatives as of September 30, 2022 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to credit risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements may also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at September 30, 2022 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit risk would be the total value of derivatives in net liability positions for each Fund, as disclosed in the table included in Note 2 — Master Netting Arrangements. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of September 30, 2022, if any, is reflected as a footnote within each Fund’s Schedule of Investments.

As of September 30, 2022, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

Asset Derivatives

Liability Derivatives

Fund

Balance Sheet Location

Value

Balance Sheet Location

Value

Europe Hedged Equity Fund

Foreign currency risk

Unrealized appreciation on
foreign currency contracts

34,838,617

Unrealized depreciation on
foreign currency contracts

473,939

Europe Hedged SmallCap Equity Fund

Foreign currency risk

Unrealized appreciation on
foreign currency contracts

1,499,210

Unrealized depreciation on
foreign currency contracts

583,597

Germany Hedged Equity Fund

Foreign currency risk

Unrealized appreciation on
foreign currency contracts

627,773

Unrealized depreciation on
foreign currency contracts

285

International Hedged Quality Dividend Growth Fund

Foreign currency risk

Unrealized appreciation on
foreign currency contracts

43,594,409

Unrealized depreciation on
foreign currency contracts

134,135

Japan Hedged Equity Fund

Foreign currency risk

Unrealized appreciation on
foreign currency contracts

88,913,440

Unrealized depreciation on
foreign currency contracts

51,547

Japan Hedged SmallCap Equity Fund

Foreign currency risk

Unrealized appreciation on
foreign currency contracts

1,005,962

Unrealized depreciation on
foreign currency contracts

221


WisdomTree Trust			53

Notes to Financial Statements (unaudited) (continued)

For the six months ended September 30, 2022, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:



Fund	Amount of Realized Gain or (Loss) on Derivatives Recognized¹		Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized²
Europe Hedged Equity Fund
Foreign currency risk	$	201,737,073	$	11,910,492
Europe Hedged SmallCap Equity Fund
Foreign currency risk		6,939,553		275,502
Germany Hedged Equity Fund
Foreign currency risk		2,945,450		302,029
International Hedged Quality Dividend Growth Fund
Foreign currency risk		136,194,104		31,601,451
Japan Hedged Equity Fund
Foreign currency risk		356,104,285		(9,856,104	)
Japan Hedged SmallCap Equity Fund
Foreign currency risk		4,928,749		(505,008	)

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


Foreign currency risk		Net realized gain (loss) from foreign currency contracts

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


Foreign currency risk		Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

During the six months ended September 30, 2022, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:



	Average Notional

Fund	Foreign currency contracts (to deliver USD)		Foreign currency contracts (to receive USD)
Europe Hedged Equity Fund
Foreign currency risk	$	1,657,877,768	$	3,180,716,655
Europe Hedged SmallCap Equity Fund
Foreign currency risk		59,127,111		113,148,644
Germany Hedged Equity Fund
Foreign currency risk		24,901,755		48,652,044
International Hedged Quality Dividend Growth Fund
Foreign currency risk		1,184,801,688		2,345,114,846
Japan Hedged Equity Fund
Foreign currency risk		2,036,053,818		4,000,025,645
Japan Hedged SmallCap Equity Fund
Foreign currency risk		25,862,461		50,078,480

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (less foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of “net realized gain (loss) from investment transactions” and “net increase (decrease) in unrealized appreciation/depreciation from investment transactions”, respectively, on the Statements


54		WisdomTree Trust

Notes to Financial Statements (unaudited) (continued)

of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in “net realized gain (loss) from foreign currency contracts” and “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in “net realized gain (loss) from foreign currency related transactions” and/or “net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies” in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes.

Foreign Currency Contracts — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes. During the period ended September 30, 2022, the Funds utilized foreign currency contracts primarily to offset exposure to foreign currencies consistent with each Fund’s investment objective. A foreign currency contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A foreign currency contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades.

Risks may arise upon entering into foreign currency contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open foreign currency contracts are recorded for book purposes as unrealized gains or losses on foreign currency contracts by the Funds and are included in “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts” on the Statements of Operations. Realized gains and losses on foreign currency contracts include net gains or losses recognized by the Funds on contracts which have settled are included in “net realized gain (loss)” from foreign currency contracts on the Statements of Operations.


WisdomTree Trust			55

Notes to Financial Statements (unaudited) (continued)

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), such as foreign currency contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g., foreign currency contracts, options and certain swaps). To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ securities lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. However, in the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a


56		WisdomTree Trust

Notes to Financial Statements (unaudited) (continued)

gross basis in the Statements of Assets and Liabilities. As of September 30, 2022, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:



	Assets										Liabilities

	Gross Amounts in the Statements of Assets and Liabilities		Gross Amounts Not Offset in the Statements of Assets and Liabilities								Gross Amounts in the Statements of Assets and Liabilities		Gross Amounts Not Offset in the Statements of Assets and Liabilities
Fund	Gross Amounts in the Statements of Assets and Liabilities		Financial Instruments			Collateral Received			Net Amount		Gross Amounts in the Statements of Assets and Liabilities		Financial Instruments			Collateral Posted		Net Amount
Europe Hedged Equity Fund
Securities Lending	$	62,049,690	$	—		$	(62,049,690	)¹	$	—	$	—	$	—		$	—	$	—
Foreign Currency Contracts		34,838,617		(472,569	)		—			34,366,048		473,939		(472,569	)		—		1,370
Europe Hedged SmallCap Equity Fund
Securities Lending		944,220		—			(944,220	)¹		—		—		—			—		—
Foreign Currency Contracts		1,499,210		(266,115	)		—			1,233,095		583,597		(266,115	)		—		317,482
Germany Hedged Equity Fund
Securities Lending		28,753		—			(28,753	)¹		—		—		—			—		—
Foreign Currency Contracts		627,773		(225	)		—			627,548		285		(225	)		—		60
International Hedged Quality Dividend Growth Fund
Securities Lending		69,560,713		—			(69,560,713	)¹		—		—		—			—		—
Foreign Currency Contracts		43,594,409		(134,135	)		—			43,460,274		134,135		(134,135	)		—		—
Japan Hedged Equity Fund
Securities Lending		117,147,419		—			(117,147,419	)¹		—		—		—			—		—
Foreign Currency Contracts		88,913,440		(50,035	)		—			88,863,405		51,547		(50,035	)		—		1,512
Japan Hedged SmallCap Equity Fund
Securities Lending		5,763,726		—			(5,763,726	)¹		—		—		—			—		—
Foreign Currency Contracts		1,005,962		(219	)		—			1,005,743		221		(219	)		—		2

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations (i.e., tax basis) which may differ to amounts determined under GAAP (i.e., book basis). These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.


WisdomTree Trust			57

Notes to Financial Statements (unaudited) (continued)

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:



Fund	Advisory Fee Rate
Europe Hedged Equity Fund		0.58	%
Europe Hedged SmallCap Equity Fund		0.58	%
Germany Hedged Equity Fund		0.48	%
International Hedged Quality Dividend Growth Fund		0.58	%
Japan Hedged Equity Fund		0.48	%
Japan Hedged SmallCap Equity Fund		0.58	%

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. Transactions in shares of affiliated ETFs for the fiscal period ended September 30, 2022, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFEs (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.

WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the six months ended September 30, 2022, WT held shares of and received distributions from the following Funds, which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:



	At September 30, 2022				For the fiscal period ended September 30, 2022

Fund	Fund Shares held by WT		Market Value of Fund Shares held by WT		Dividends and Distributions paid to WT on Fund Shares held by WT
International Hedged Quality Dividend Growth Fund		36	$	1,292	$	36
Japan Hedged Equity Fund		16		987		16

4. CAPITAL SHARE TRANSACTIONS

As of September 30, 2022, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding


58		WisdomTree Trust

Notes to Financial Statements (unaudited) (continued)

short-term investments) for the six months ended September 30, 2022 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.



					In-kind Capital Share Transactions

Fund	Purchases		Sales		Purchases		Sales
Europe Hedged Equity Fund	$	282,688,571	$	71,299,333	$	—	$	474,416,793
Europe Hedged SmallCap Equity Fund		12,785,137		5,469,162		1,694,749		24,481,563
Germany Hedged Equity Fund		4,528,195		1,035,796		—		—
ternational Hedged Quality Dividend Growth Fund		229,559,624		22,119,269		155,379,819		11,057,593
Japan Hedged Equity Fund		412,314,919		61,303,628		317,681,366		272,070,593
Japan Hedged SmallCap Equity Fund		5,130,918		865,995		—		4,367,951

6. FEDERAL INCOME TAXES

At September 30, 2022, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:



	Investments in Long Securities										Investments in Financial Derivatives¹

Fund	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Depreciation			Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation/ (Depreciation)		Total Net Unrealized Depreciation
Europe Hedged Equity Fund	$	1,536,420,804	$	75,901,798	$	(419,504,591	)	$	(343,602,793	)	$	581	$	—		$	581	$	(343,602,212	)
Europe Hedged SmallCap Equity Fund		42,786,427		153,537		(14,773,821	)		(14,620,284	)		—		—			—		(14,620,284	)
Germany Hedged Equity Fund		28,361,384		474,124		(7,952,310	)		(7,478,186	)		—		—			—		(7,478,186	)
International Hedged Quality Dividend Growth Fund		1,472,623,647		27,964,905		(303,497,707	)		(275,532,802	)		3,151,801		(16,472	)		3,135,329		(272,397,473	)
Japan Hedged Equity Fund		2,498,930,485		12,819,376		(571,903,679	)		(559,084,303	)		—		—			—		(559,084,303	)
Japan Hedged SmallCap Equity Fund		33,044,639		167,073		(8,296,604	)		(8,129,531	)		—		—			—		(8,129,531	)

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign withholding taxes, as applicable, are accrued based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Foreign withholding taxes are accrued and applied to foreign income, net realized capital gains and net unrealized appreciation, as applicable, as the foreign income is earned or capital gains and unrealized appreciation are recorded. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Less: Foreign withholding taxes,” the foreign capital gains tax applicable on the disposal of securities is included in the Statements of Operations in “Net realized gain (loss) from investment transactions” and the dollar amount of deferred foreign capital gains tax applicable on the unrealized appreciation on securities held is included in the Statements of Operations in “Net increase (decrease) in unrealized appreciation/depreciation from investment transactions”. The Funds record a foreign tax reclaim receivable on the ex-dividend date if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims that have been recorded but not yet received are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.

As a result of several European Court of Justice (“ECJ”) court cases in certain countries across the European Union (“EU”), certain Funds have filed additional tax reclaims for previously withheld taxes on dividends earned in those countries (“ECJ tax reclaims”). These additional filings are subject to various administrative proceedings by the local jurisdictions’ tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized, if any, for ECJ tax reclaims is reflected as “Other income” in the Statements of Operations and the cost to file these additional ECJ tax reclaims is reflected as “Other fees” in the Statements of Operations. When the ECJ tax reclaim is not “more likely than not” to be sustained assuming examination by tax authorities due to the uncertainty that exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these ECJ tax reclaims, and the potential timing of payment, no amounts are reflected in the financial statements. At September 30, 2022, the Europe Hedged SmallCap Equity Fund recognized ECJ tax reclaim receivables of $20,235 in the Statements of Assets and Liabilities in “Other


WisdomTree Trust			59

Notes to Financial Statements (unaudited) (continued)

receivables” that were “more likely than not” to be sustained by tax authorities and the estimated cost of $6,071 to file for these reclaims is reflected in “Other liabilities” on the Statements of Assets and Liabilities. For U.S. income tax purposes, ECJ tax reclaims received by the Funds, if any, reduce the amounts of foreign taxes Fund shareholders can use as tax credits in their individual income tax returns. In the event that ECJ tax reclaims received by a Fund during the fiscal year exceed foreign withholding taxes paid, and a Fund previously passed foreign tax credits on to its shareholders, a Fund must either amend historic tax reporting to shareholders or enter into a closing agreement with the Internal Revenue Service in order to pay the associated tax liability on behalf of the respective Fund’s shareholders. During the fiscal period ended September 30, 2022, the ECJ tax reclaims received by the Funds, except for the Europe Hedged Equity Fund, did not exceed the foreign withholding taxes of the respective Funds. During the fiscal period ended September 30, 2022, the Europe Hedged Equity Fund received ECJ tax reclaims in excess of its foreign withholding taxes during the fiscal period. The Europe Hedged Equity Fund expects to enter into a closing agreement with the Internal Revenue Service and has recognized estimated closing agreement fees of $2,082,923 which are shown on the Statements of Operations in “Investment Income: Less IRS closing agreement fee”.

7. RECENT REGULATORY UPDATE

Effective August 19, 2022, the Funds have adopted policies and procedures reasonably designed to comply with new regulations issued by the SEC governing the use of derivatives by registered investment companies (“Rule 18f-4”). Rule 18f-4 imposes limits on the amount of derivatives a fund can enter into, eliminates the asset segregation framework used by the Funds prior to August 19, 2022 to comply with Section 18 of the 1940 Act, and requires funds, whose use of derivatives is greater than a limited specified amount, to establish and maintain a comprehensive derivatives risk management program and appoint a derivatives risk manager. Rule 18f-4 has not had a material impact on the Funds’ financial statements.

The fair valuation Rule 2a-5 went into effect on September 8, 2022. The Rule sets forth requirements for determining the fair value of portfolio securities and establishes a framework focused on process, testing and oversight. The Rule allows fund boards to designate a valuation designee responsible for performing fair value determinations in good faith. WTAM has been designated as the Valuation Designee for the Funds and is responsible for assessing material risks, establishing fair value methodologies, testing the appropriateness and accuracy of the methodologies and overseeing third-party pricing vendors. Under the new fair valuation policies, WTAM is responsible for regular quarterly reporting of any material fair valuation matter, annual reporting on the adequacy of the Valuation Designee’s processes, and the prompt notification to the board of any material impact of the fair value process on portfolio investments.

8. RECENT ACCOUNTING PRONOUNCEMENT

In June 2022, the FASB issued Accounting Standards Update No. 2022-03 (“ASU 2022-03”), Fair Value Measurement (Topic 820) — Fair Value Measurement of Equity Securities Subject to Contractual Sales Restrictions. The amendments in ASU 2022-03 clarify that a contractual restriction on a sale of an equity security is not considered a part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The amendments in ASU 2022-03 also require the following disclosures for equity securities subject to contractual sale restrictions: (i) the fair value of equity securities subject to contractual sale restrictions reflected in the balance sheet, (ii) the nature and remaining duration of the restriction(s), and (iii) the circumstances that could cause a lapse in the restriction(s). The amendments in ASU 2022-03 are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years for public business entities (early adoption is also permitted). WTAM is currently evaluating the impact that the adoption of ASU 2202-03 will have on the Trust’s financial statements and related disclosures.

9. SUBSEQUENT EVENT

Effective November 7, 2022, WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund and exchange-traded product sponsor and asset manager, transferred the listing of its common stock to the New York Stock Exchange (“NYSE”) from The Nasdaq Global Select Market (“Nasdaq”). WisdomTree began trading on the NYSE under the new ticker symbol “WT” along with its new company name, WisdomTree, Inc.

10. ADDITIONAL INFORMATION

The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally since 2019, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took aggressive measures, including businesses canceling dividends to preserve cash, governments closing borders, restricting international and domestic travel, and the imposition of prolonged quarantines of large populations. COVID-19 has resulted in the disruption of and delays in the delivery of healthcare services and processes, the cancellation of organized events and educational institutions, the disruption of production and supply chains, a decline in consumer


60		WisdomTree Trust

Notes to Financial Statements (unaudited) (concluded)

demand for certain goods and services, and general concern and uncertainty, all of which have contributed to increased volatility in global markets. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.

The effects of COVID-19 have affected and are likely to continue to affect certain sectors and industries more dramatically than others, and the effects borne by some will negatively affect the value of the issuers in those sectors and industries, which may adversely affect the value of a Fund’s investments in those sectors or industries. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.

COVID-19, and other epidemics and pandemics that may arise in the future, could adversely affect the economies of many nations, the global economy, individual companies and capital markets in ways that cannot be foreseen at the present time. In addition, the impact of infectious diseases in developing or emerging market countries may be greater due to limited health care resources, including access to COVID-19 vaccinations and treatments. Political, economic and social stresses caused by COVID-19 also may exacerbate other pre-existing political, social and economic risks in certain countries. The duration of COVID-19 and its effects cannot be determined fully at this time, but the effects could be present for an extended period of time. It is impossible to predict the effects on the Funds of these or similar events and market conditions in the future. However, it is possible that these or similar events and market conditions could have a significant and adverse effect on the NAV and/or risk profile of a Fund.

* * * * *

Russia’s military invasion of Ukraine initiated in February 2022 and the economic and diplomatic responses by the United States and other countries have led to increased volatility and uncertainty in the financial markets and could continue to adversely affect regional and global economies for the foreseeable future. In response to Russia’s actions, the governments of the United States, the European Union, the United Kingdom, and many other countries collectively imposed heavy and broad-ranging economic sanctions on certain Russian individuals, corporate and banking entities, and other industries and businesses. The sanctions restrict companies from doing business with Russia and Russian companies, prohibit transactions with the Russian central bank and other key Russian financial institutions and entities, ban Russian airlines and ships from using many other countries’ airspace and ports, respectively, and place a freeze on certain Russian assets. The sanctions also removed some Russian banks from the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the electronic network that connects banks globally to facilitate cross-border payments. In addition, the United States has banned oil and other energy imports from Russia, and the United Kingdom made a commitment to phase out oil import from Russia by the end of 2022.

These sanctions, as well as other economic consequences related to the invasion, such as additional sanctions, boycotts or changes in consumer or purchaser preferences or cyberattacks on governments, companies or individuals, may further decrease the value and liquidity of certain Russian securities and securities of issuers in other countries that are subject to economic sanctions related to the invasion or otherwise adversely affected by the sanctions. To the extent a Fund has exposure to Russian investments or investments in countries affected by the invasion or the sanctions, the Fund’s ability to price, buy, sell, receive or deliver, or receive dividends and interest payments on such investments may be impaired. In certain circumstances, such as when there is no market for a security or other means of valuing or disposing of a security, a Fund may determine to value the affected security at zero. In addition, any exposure a Fund may have to counterparties in Russia or in countries affected by the invasion could negatively affect the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions are impossible to predict, but could result in continued significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. Further, an escalation of the military conflict beyond Ukraine’s borders could result in significant, long-lasting damage to the economies of Eastern and Western Europe as well as the global economy. These and any related events could significantly and adversely affect a Fund’s performance and the value of an investment in the Fund, even in the absence of direct exposure to Russian issuers or issuers in other countries affected by the invasion.


WisdomTree Trust			61

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

Consideration of the Approval and Renewal of Investment Advisory and Sub-Advisory Agreements

At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 19-20, 2022 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of (i) the Investment Advisory Agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of its applicable series (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”), and (ii) the Sub-Advisory Agreement (the “Mellon Sub-Advisory Agreement”), pursuant to which Mellon Investments Corporation (“Mellon”) coordinates the investment and reinvestment of the assets of the applicable Funds, (together with the Advisory Agreements, the “Agreements”).

The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 11, 2022, representatives from WTAM presented detailed information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.

The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Advisers. In considering the approval and renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered. Each Fund was considered separately.

Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Advisers’ operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Advisers, including oversight of the Sub-Advisers’ adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Advisers’ buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Advisers and oversight of, and the provision of consultation to, the Sub-Advisers with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Advisers under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.

Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Advisers under the Advisory Agreements and Sub-Advisory Agreements, respectively, are adequate and appropriate and supported the Board’s approval of the approval and renewal of the Agreements.

Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index, (2) comparing each Fund’s performance with the performance of a group of comparable funds (the “Performance Group”) for various periods ended May 31, 2022, and (3) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Performance Groups, Expense Groups and Expense Universes. The Board noted that the Performance Groups, Expense Groups and Expense Universes included only pure-index and index-based exchange traded funds (“ETFs”) as comparison funds. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Performance Groups, Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds.


62		WisdomTree Trust

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

The Board discussed the index Funds’ performance, noting that the substantial majority of index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. In response to questions from the Independent Trustees, WTAM representatives discussed the relative performance of the Funds and the factors affecting such performance. On that basis, the Board determined to continue to monitor carefully disparities in performance—both positive and negative—but did not believe that the disparities in the past reflected any characteristics requiring immediate action by WTAM or a Sub-Adviser.

The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer data and/or the unique attributes of a Fund.

The Board considered the fees to the Sub-Advisers in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Advisers and WTAM. The Board also noted that the Sub-Advisers’ fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Advisers, including that the role of a Sub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the role of a Sub-Adviser in making investment recommendations with respect to a Fund that is model-based, with oversight by WTAM in seeking to ensure consistency with such quantitative models. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to a Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.

Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the relevant Sub-Adviser and the Fund’s total expenses supported the Board’s approval and renewal of the relevant Agreements.

Analysis of Profitability and Economies of Scale. WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.

The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Advisers, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that, in the past, certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Advisers from acting as investment adviser and sub-advisers, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.

* * * * * *


WisdomTree Trust			63

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

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the approval to renew the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Advisers, of the Funds and the services provided to the Funds by WTAM and the Sub-Advisers. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.


64		WisdomTree Trust

General Information (unaudited)

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent

12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: [email protected].

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

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

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.


WisdomTree Trust			65

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

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.

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