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WisdomTree Trust

Annual Report

June 30, 2023

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Emerging Markets ESG Fund (RESE)

WisdomTree Emerging Markets ex-China Fund (XC)

WisdomTree International ESG Fund (RESD)

Fixed Income ETFs:

WisdomTree U.S. Corporate Bond Fund (WFIG)

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

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

Efficient Core ETFs:

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

WisdomTree International Efficient Core Fund (NTSI)

WisdomTree U.S. Efficient Core Fund (NTSX)

Megatrends ETFs:

WisdomTree Artificial Intelligence and Innovation Fund (WTAI)

WisdomTree Battery Value Chain and Innovation Fund (WBAT)

WisdomTree BioRevolution Fund (WDNA)

WisdomTree Cloud Computing Fund (WCLD)

WisdomTree Cybersecurity Fund (WCBR)

 


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       5  

Management’s Discussion of Funds’ Performance (unaudited)

       6  

Description of Terms and Indexes (unaudited)

       22  
Schedules of Investments     

WisdomTree Dynamic Currency Hedged International Equity Fund

       27  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

       41  

WisdomTree Emerging Markets ESG Fund

       54  

WisdomTree Emerging Markets ex-China Fund

       58  

WisdomTree International ESG Fund

       68  

WisdomTree U.S. Corporate Bond Fund

       72  

WisdomTree U.S. High Yield Corporate Bond Fund

       80  

WisdomTree U.S. Short-Term Corporate Bond Fund

       88  

WisdomTree Emerging Markets Efficient Core Fund

       95  

WisdomTree International Efficient Core Fund

       101  

WisdomTree U.S. Efficient Core Fund

       107  

WisdomTree Artificial Intelligence and Innovation Fund

       114  

WisdomTree Battery Value Chain and Innovation Fund

       117  

WisdomTree BioRevolution Fund

       121  

WisdomTree Cloud Computing Fund

       123  

WisdomTree Cybersecurity Fund

       125  

Statements of Assets and Liabilities

       126  

Statements of Operations

       130  

Statements of Changes in Net Assets

       134  

Financial Highlights

       140  

Notes to Financial Statements

       148  

Report of Independent Registered Public Accounting Firm

       166  

Liquidity Risk Management Program (unaudited)

       168  

Trustees and Officers Information (unaudited)

       169  

Supplemental Information (unaudited)

       171  

General Information (unaudited)

       173  

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


Market Environment Overview

(unaudited)

 

U.S. Markets

U.S. equity markets, as measured by the S&P 500 Index (“S&P 500”), returned 19.59% in U.S. dollar (“USD”) terms for the 12-month fiscal period ending June 30, 2023 (the “period”).

After bottoming out in September 2022, U.S. equities climbed higher for the remainder of the period as investors anticipated the end of the Federal Reserve’s (“Fed’s”) rate hike campaign. Record inflation rates began to decelerate, which stoked optimism in equity markets that the Fed’s monetary tightening efforts were working and would soon no longer be needed. Meanwhile, labor markets remained resilient, discouraging pessimists who proposed that a recession was imminent based on the cumulative rate tightening efforts from the Fed. A “soft landing” scenario, where interest rates could rise to combat inflation and then eventually fall back to stable levels without triggering a recession or severely disrupting labor markets, became an increasingly likely possibility.

Inflation grew 6% year-over-year at the end of 2022 and decelerated from its June 2022 peak of 9.1% for the remainder of the period. Meanwhile, the U-3 Unemployment Rate seldom budged from the 3.4-3.7% range, similar to pre-pandemic levels and the lowest since the early 1970s.

With each monthly release of inflation and nonfarm payrolls data, markets parsed the reports for their impact on the future direction of monetary policy, growing increasingly confident that the end of interest rate hikes were in sight by 2023. Despite the optimism, the Fed raised rates a cumulative 350 basis points during the period to combat rising inflation. The Federal Funds Rate began the period at 1.75% and concluded it at 5.25%, which included a sequence of three consecutive hikes of 75 basis points during the summer and fall months of 2022.

Despite these headwinds, equities remained resilient for most of the period and rallied from their lows to finish the period in bull market territory.

Equities were in negative territory during the first quarter of the period as markets tried to discern the future path of monetary policy from the most recent economic data. Stubbornly high inflation persisted despite the Fed’s rate hike efforts. Year-over-year inflation fell from its 9.1% peak in June of 2022, but remained over 8% during the summer months, which disappointed markets after they realized that more interest rate hikes were necessary. During these three months, the Fed raised rates 1.50% further and finished at 3.25% with the expectation of additional future increases. During this period, the S&P 500 lost 4.88% while the Russell 2000 Index (“Russell 2000”) lost 2.19%. After two quarters of declines, real Gross Domestic Product (“GDP”) grew 3.2% quarter-over-quarter.

The September-December quarter of the period offered a modest respite from the volatility that characterized the first half of 2022. Although year-over-year inflation remained high by historical standards, the U.S. began to observe disinflationary pressures, with the headline readings falling from 7.7% to 6.5% by quarter-end. This injected optimism into the markets, which started to have confidence that the Fed’s aggressive policy tightening campaign was working, and an end could be expected. More importantly, markets were encouraged that the Fed might be able to direct a “soft landing” economic scenario, where rate hikes might successfully reduce inflation without engendering a severe recession. The S&P 500 returned a positive 7.56% during the quarter, while the Russell 2000 broke higher by 6.23%. The Fed raised rates another 1.25% during the quarter, concluding 2022 at 4.5% on the Federal Funds Rate. Real GDP grew by 2.6% quarter-over-quarter.

Investors entered 2023 with the same optimism that concluded 2022. They believed that the end of rate hikes and high inflation was imminent, and that a “soft landing” was likely. Disinflationary pressures remained in headline inflation numbers throughout the quarter. The Fed slowed the pace of its rate hike campaign, opting for two consecutive 25 basis point moves to bring the Federal Funds Rate to 5%. The quarter was not without volatility from an unanticipated risk factor, however: the unanticipated threat of a

 

WisdomTree Trust      1  


Market Environment Overview

(unaudited) (continued)

 

 

banking crisis triggered by the failure of Silicon Valley Bank, Signature Bank, and others on extremely shaky footing due to depositor runs and mismanaged interest rate risks in their asset portfolios. Optimism plummeted for much of March, with markets giving up the gains they had earned to that point, as fears of contagion and recession from the banking system triggered flashbacks to the Global Financial Crisis of 2007-2009. The Fed acted decisively once again, creating lending facilities to shore up weaker, vulnerable banks, while other institutions helped facilitate the sale of failing banks, which eased investor anxieties and established confidence that contagion would be avoided. Markets finished the quarter much better, with the S&P 500 and Russell 2000 growing 7.50% and 2.74%, respectively. Real GDP remained steady and grew by 2.0%.

The final quarter of the period began slow for equities but finished much stronger. Markets moved slightly higher without many catalysts in April and May, but June offered more excitement. May’s inflation release showed continued deceleration with the year-over-year rate falling 0.9% from April to May, which was essentially matched again in June with a 1.0% deceleration. In just over one full quarter, year-over-year inflation readings were cut in half, falling from 6.0% to 3.0%, much closer to the Fed’s preferred, long-term 2.0% target. Markets were convinced that the end of the rate hike campaign was imminent, and several Fed policymakers expressed that upcoming rate decisions would be “data-dependent”. This insinuated that they no longer had preconceived intentions to continue raising rates, preferring to let the cumulative impact of rate hikes over the past year work its way throughout the economy. They implied that a “pause” before eventually pivoting to rate cuts, when necessary, would be the likely policy path in the interim. Nonetheless, this stoked enthusiasm and risk-on appetite in the equity markets. The S&P 500 and Russell 2000 climbed higher by 8.74% and 5.21%, respectively. Labor markets never soured either, vindicating the “soft landing” supporters, as the unemployment rate finished the period at 3.6%. GDP data is not yet available as of this writing.

Developed International Markets

Developed international equity markets, as measured by the MSCI EAFE Index, returned 18.77% in USD terms during the 12-month fiscal period ending June 30, 2023 (the “period”).

Currency performance was mixed during the period, though most of the G10 basket of currencies weakened versus the USD. The Norwegian krone (-8.29%), Japanese yen (-5.95%), and Swedish krona (-5.31%) were the worst performing currencies, while the Swiss franc (6.64%), British pound (4.31%) and euro (4.05%) were among the few that strengthened versus the USD. The pound and euro benefited from improving interest rate differentials between the U.K. and European markets, which continued to raise rates to combat inflation while the U.S. appeared to be ending its rate hike cycle. The krone struggled as a “petrocurrency”, which is one that is linked to global oil prices, since oil benchmarks and broader commodity prices declined during the period and remained in a narrow trading range for most of the year-to-date 2023 period. The yen, meanwhile, exhibits idiosyncratic weakness, as the Bank of Japan continues to suppress interest rates to stimulate economic growth. As a result, the yen has weakened due to widening interest rate differentials with the rest of the developed world.

Developed international equity markets embarked on a protracted battle against record inflation for most of 2022 after record monetary and fiscal stimulus to support the post-pandemic economic recovery. Risk-off sentiment from the U.S. Federal Reserve’s campaign to combat inflation migrated to developed markets, and the MSCI EAFE plummeted by 9.36% in USD terms during the first quarter of the period. The European Central Bank (“ECB”) began raising its benchmark refinancing rate from -0.5% to positive 0.75%, but investors quickly surmised that more would be needed to combat inflation climbing into double digit range. For context, the ECB held rates below 0% in an effort to stimulate economic growth since about 2014 and has held year-over-year inflation under 2% since roughly 2013, so these developments marked a significant paradigm shift. As the largest component of the developed market universe, Eurozone GDP grew 0.4% during the quarter.

 

2   WisdomTree Trust


Market Environment Overview

(unaudited) (continued)

 

After two straight quarters of deep declines, the final quarter of 2022 provided some optimism. Europe began to see disinflationary pressures materialize as inflation rolled off its 10.6% high in October. With signs of the ECB’s rate hike effort working so far, this provided a welcome respite to developed market investors, and the MSCI EAFE Index returned 17.34% in USD terms. Eurozone GDP growth was flat during the quarter, slightly declining by 0.1%. Continuing its fight against inflation, the ECB hiked another 1.25% to bring its refinancing rate up to 2.0% by the end of 2022.

Optimism from the end of 2022 continued into the first quarter of 2023. Disinflation continued in Europe, falling from 9.2% down to 6.9% through March, as the ECB slowed the pace of its rate hike campaign. During the quarter, it raised rates only 1% between two 50 basis point hikes to conclude the period at 3.0%. Rates have not been this high since late 2008 amid a policy rate easing campaign during the Global Financial Crisis. Markets began to believe the end of the fight against inflation was in sight, and the MSCI EAFE Index returned 8.47% in USD terms. The quarter finished on a resounding note, despite fears of a banking crisis originating in the U.S. spreading overseas. Credit Suisse faced major solvency issues, but a crisis was averted after regulators helped facilitate a sale to UBS to stabilize the banking system, which appeased markets and contributed to the strong finish for the quarter. Despite the banking scare, eurozone GDP was mostly flat, though it slightly fell 0.1% quarter-over-quarter.

The final quarter of the period, March to June 2023, saw the MSCI EAFE Index return 2.95% in USD terms. The ECB continued its rate hike campaign amid its battle with high inflation, bringing its refinancing rate up to 4.0%. Despite a slight pickup from 6.9% to 7.0% in April compared to the month prior, year-over-year inflation continued to fall through the end of the quarter, registering at 6.1% in May and 5.5% in June. Markets have been intently watching the ECB for any signals about the future path of monetary policy, though markets are expecting a 25-basis point increase in July to 3.75%. Beyond that, expectations are that the ECB will follow the lead of the U.S. Federal Reserve, which indicated it will be more “data-dependent” for future policy rate decisions. Markets are becoming optimistic that rate hikes are nearing their conclusion, as a result.

Global Markets/Emerging Markets

Global equity markets, as measured by the MSCI All Country World Index (ACWI), returned 16.53% in USD terms for the 12-month fiscal period ending June 30, 2023 (the “period”). Emerging markets (“EM”) (measured by the MSCI Emerging Markets Index) moved slightly higher, rising 1.75% in USD terms.

Currency performance was mixed during the period. The major emerging market currencies to strengthen versus the USD were the Mexican peso (17.48%), Brazilian real (9.85%), and Singaporean dollar (2.82%). Most others weakened versus the USD, including the Argentine peso (-51.23%), Russian ruble (-39.35%), Turkish lira (-35.81%), Chinese yuan renminbi (-7.64%), and Indian rupee (-3.74%).

Global equities generally advanced during the period, as most regions began to benefit from prevailing risk-on appetite that materialized in late 2022 and early 2023. Global central banks were forced to raise interest rates at various intervals to combat rising inflation, which eventually began to cool and encouraged investors that the end of the rising rate cycle was imminent. EM followed suit, though to varying degrees as each region encountered idiosyncratic issues that diverged their policy pathways.

Global equities fell about 7% in USD terms during the first quarter of the period, while the selloff in EM was more pronounced, falling over 11.5%. Many regions began to experience peak inflation at this point, which cemented the global monetary policy trajectory for the near future. More rate hikes would be needed to combat inflation, and central banks continued to do so. Equities remained under constant pressure as a result. As the largest component of the EM universe, China’s economy bounced back after lackluster growth in early 2022, growing by about 3.9% during the June to September quarter.

 

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Market Environment Overview

(unaudited) (concluded)

 

Markets regained their footing heading into the second quarter of the period and the final quarter of 2022, returning about 9.76% in USD terms. EM followed suit, returning 9.7% in USD terms. As disinflationary pressures became evident, investors became encouraged that the end of policy tightening was in sight, which encouraged the possibility of a soft economic landing around the world. EM specifically also got a boost from the surprise announcement in the fall that China would be suspending its COVID Zero policy, thereby formally “reopening” its economy. On these revived growth prospects, China got an overdue tailwind, which spread to EM as the heavyweight allocation within most EM indexes. Despite this, Chinese economic growth was flat to end the year.

Optimistic sentiment persisted into the first quarter of 2023. Global equities returned 7.31% and EM returned just under 4%, both in USD terms. Economic data releases seemed to confirm ongoing disinflationary pressures, which supported investors’ sentiments that the end of rate hikes was on the horizon. Notably, markets survived the specter of a banking crisis in the U.S. that, at one point, threatened the global banking system via contagion. This fear was quickly dispelled as the failing banks were isolated and equities resumed their upward trajectory that characterized much of the first quarter.

During the final quarter of the period, global equities returned 6.18% in USD terms while EM grew by 0.9%. Most major economies remained resilient despite the cumulative effect of monetary tightening, which encouraged the idea of a soft landing around the world. Inflation continued to decelerate toward stable, tolerable levels over the long-term and investors remained optimistic. EM, however, continued to struggle as economic growth in China continues to sputter. Export data has been discouraging and several other barometers have missed expectations. That continued to weigh on prospects for the broader region as a whole as markets await steady improvement.

Fixed Income

U.S. fixed income performance was volatile amid a transforming economic landscape and changes in investor risk sentiment. The Bloomberg U.S. Aggregate Bond Index, a gauge of the broad U.S. fixed income market, fell about 1% during the period, with the deepest declines observed during the first four months of the period. U.S. Treasury yields, a barometer for domestic interest rates due to its relationship with the Fed funds rate at the short end of the yield curve and future economic growth prospects at the long end, rose while the slope and shape changed throughout the period. Yields on shorter-dated tenors began the period near 1-3%, commensurate with prevailing Fed’s monetary policy activity, but finished the period well above 5% as Treasury investors kept pace with policy activity. Longer-dated yields rose as well, though the 10-year Treasury yield (the market’s preferred indication of overall U.S. Treasury yields) varied during the period as the market digested the possibility that the Fed would have to raise rates high enough to tip the U.S. economy into recession just to combat historic inflation. The 10-year yield began the period at 2.98%, rose as high 4.24%, and then fell to 3.98% to conclude the period. Overall, the long-dated end of the curve rose by much less than front-end, which inverted the yield curve and sparked fears of recession due to curve inversion historically being a leading recessionary indicator.

Despite this, bullish sentiment in riskier fixed income sectors prevailed and fixed income markets climbed off their lows during the period from late-2022 through the end of June 2023. High yield corporate bonds, proxied by the Bloomberg U.S. Corporate High Yield Index, gained about 9% over the entire 12-month period, as many investors believed the Fed would achieve a soft landing without economic ramifications that would disproportionately harm riskier corporate borrowers. Investment grade credit was also successful, though to a lesser extent, as the Bloomberg U.S. Corporate Index returned 1.55%. Corporate and high yield spreads remained relatively rangebound near their longer-term lows, as investors remained confident that corporate balance sheets would remain resilient and a large default wave would be avoided.

 

4   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/investments.

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 January 1, 2023 to June 30, 2023. 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 181/365 (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      5  


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.6%  

Industrials

    13.2%  

Consumer Discretionary

    10.7%  

Materials

    10.7%  

Consumer Staples

    8.8%  

Health Care

    8.4%  

Communication Services

    6.6%  

Energy

    6.4%  

Utilities

    5.2%  

Real Estate

    4.2%  

Information Technology

    3.6%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

Other assets 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  

BHP Group Ltd.

    3.6%  

Novartis AG, Registered Shares

    1.9%  

Nestle SA, Registered Shares

    1.6%  

Shell PLC

    1.6%  

LVMH Moet Hennessy Louis Vuitton SE

    1.6%  

HSBC Holdings PLC

    1.6%  

TotalEnergies SE

    1.4%  

Roche Holding AG

    1.2%  

Rio Tinto PLC

    1.1%  

Toyota Motor Corp.

    1.0%  
*

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

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

The Fund returned 17.18% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in Health Care, entirely due to positive allocation effects, and Consumer Staples, due to an almost even split of positive allocation and stock selection. Industrials and Information Technology were the two greatest detractors due to a mix of both poor allocation and stock selection effects in each. From a country perspective, only Switzerland had a notable positive impact, which was due to positive stock selection. The Netherlands and France detracted from performance due to poor stock selection. Currency performance was mixed during the period. The Fund was almost entirely hedged against the Swiss franc, which strengthened against the USD and therefore negatively impacted returns. The opposite occurred with the Norwegian krone, which was almost entirely hedged but weakened by over 8% versus the USD and was therefore additive to returns. The Fund was roughly half-hedged against movements in the euro (“EUR”), British pound (“GBP”), and Japanese yen (“JPY”), where the former two strengthened versus the USD and the latter weakened. Performance effects due to these currencies would have been stronger if the Fund had been completely unhedged against the EUR and GBP and completely hedged against the JPY.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,097.50        0.40   $ 2.08  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.81        0.40   $ 2.01  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       17.18      11.92      5.55      7.60

Fund Market Price Returns

       16.60      11.96      5.62      7.64

WisdomTree Dynamic Currency Hedged International Equity Index

       17.44      12.12      5.79      7.79

MSCI EAFE Local Currency Index

       17.50      11.73      6.42      7.61

MSCI EAFE Index

       18.77      8.93      4.39      6.57

MSCI EAFE Value Index

       17.40      11.34      2.93      5.48
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016.

 

 

LOGO

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

 

6   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    24.3%  

Financials

    13.7%  

Consumer Discretionary

    13.6%  

Materials

    12.6%  

Real Estate

    10.8%  

Information Technology

    7.6%  

Consumer Staples

    5.3%  

Health Care

    3.9%  

Communication Services

    3.6%  

Utilities

    2.0%  

Energy

    1.8%  

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).

Top Ten Holdings*

 

Description   % of Net Assets  

SSAB AB, Class A

    0.8%  

D/S Norden A/S

    0.7%  

Sims Ltd.

    0.6%  

Azimut Holding SpA

    0.6%  

Coface SA

    0.6%  

Sydbank A/S

    0.6%  

Charter Hall Long Wale REIT

    0.6%  

Deterra Royalties Ltd.

    0.5%  

Keppel DC REIT

    0.5%  

VGP NV

    0.5%  
*

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

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in the small-capitalization segment of dividend-paying companies in the industrialized world outside the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar (“USD”). The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 10.27% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in Real Estate and Health Care due to a mixture of allocation and stock selection effects within each, though neither made an outsized impact. Poor stock selection across Information Technology, Financials and Utilities detracted from performance, although most impacts were modest. Strong stock selection in Japan and Finland were additive, while poor stock selection in the Netherlands and Israel detracted. Currency performance was mixed during the period. The Fund was almost entirely hedged against the Swiss franc, which strengthened against the USD and therefore negatively impacted returns. The opposite occurred with the Norwegian krone, which was almost entirely hedged but weakened by over 8% versus the USD and was therefore additive to returns. The Fund was roughly half-hedged against movements in the euro (“EUR”), British pound (“GBP”), and Japanese yen (“JPY”), where the former two strengthened versus the USD and the latter weakened. Performance effects due to these currencies would have been stronger if the Fund had been completely unhedged against the EUR and GBP and completely hedged against the JPY.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,067.20        0.48   $ 2.46  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.41        0.48   $ 2.41  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       10.27      10.64      3.55      6.97

Fund Market Price Returns

       9.79      10.95      3.60      7.14

WisdomTree Dynamic Currency Hedged International SmallCap Equity Index

       10.53      11.03      3.88      7.36

MSCI EAFE Small Cap Local Currency Index

       11.13      9.25      3.76      6.92

MSCI EAFE Small Cap Index

       10.18      5.70      1.31      5.59

MSCI EAFE Small Cap Value Index

       10.87      8.68      1.24      5.38
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016.

 

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Emerging Markets ESG Fund (RESE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    24.7%  

Financials

    19.0%  

Consumer Discretionary

    15.2%  

Consumer Staples

    9.5%  

Materials

    8.4%  

Communication Services

    7.5%  

Industrials

    6.4%  

Health Care

    4.6%  

Real Estate

    2.2%  

Utilities

    2.1%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

Other assets 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  

Taiwan Semiconductor Manufacturing Co. Ltd.

    6.9%  

Samsung Electronics Co. Ltd.

    4.1%  

Alibaba Group Holding Ltd.

    2.6%  

Infosys Ltd.

    1.0%  

ICICI Bank Ltd.

    1.0%  

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

    1.0%  

NetEase, Inc.

    0.9%  

Bank Central Asia Tbk PT

    0.8%  

Telefonica Brasil SA

    0.8%  

Grupo Bimbo SAB de CV, Series A

    0.7%  
*

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

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

The Fund returned 3.82% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in Financials and Information Technology, two sectors that score highly on ESG metrics, due to strong stock selection. Poor allocation effects led to Consumer Discretionary being a performance detractor, while poor stock selection effects led to Communication Services negatively weighing on performance as well. Excluding Energy, as part of the ESG methodology, was also detrimental during the period, as Energy was a strong performer within broad emerging markets. Taiwan and Mexico were the strongest contributors at the country level, due to a mix of allocation and stock selection effects in each. Poor stock selection in China led to it being the largest detractor.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,051.90        0.32   $ 1.63  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.21        0.32   $ 1.61  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns2

       3.82      3.39      1.32      5.11

Fund Market Price Returns2

       2.79      3.53      1.25      5.12

MSCI Emerging Markets Extended ESG Focus Index3

       0.74      1.99      1.24      N/A  

MSCI Emerging Markets Index

       1.75      2.32      0.93      5.36
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 7, 2016.

2 

The Fund’s objectives and strategies changed effective March 16, 2020. Prior to March 16, 2020, Fund performance reflects the investment objective of the Fund when it was the WisdomTree Emerging Markets Dividend Fund (DVEM) and tracked the performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index.

3 

The MSCI Emerging Markets Extended ESG Focus Index began on March 27, 2018 and the line graph for the Index begins at the same value as the Fund on that date.

 

 

LOGO

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

 

8   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Emerging Markets ex-China Fund (XC)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    30.6%  

Financials

    18.3%  

Consumer Discretionary

    9.9%  

Materials

    9.4%  

Consumer Staples

    9.2%  

Industrials

    6.7%  

Communication Services

    4.8%  

Energy

    4.3%  

Health Care

    4.2%  

Real Estate

    1.3%  

Utilities

    1.0%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

Other assets 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  

Taiwan Semiconductor Manufacturing Co. Ltd.

    10.0%  

Samsung Electronics Co. Ltd.

    6.6%  

Reliance Industries Ltd.

    3.2%  

Infosys Ltd.

    1.8%  

ICICI Bank Ltd.

    1.8%  

Bank Central Asia Tbk PT

    1.4%  

Al Rajhi Bank

    1.3%  

Hon Hai Precision Industry Co. Ltd.

    1.2%  

Naspers Ltd., Class N

    1.1%  

SK Hynix, Inc.

    1.0%  
*

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

The WisdomTree Emerging Markets ex-China Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-China Index (the “Index”). In seeking to track the Index, the Fund primarily invests in common stocks issued by companies in emerging markets, excluding companies incorporated or domiciled (i.e., maintain their principal place of business) in China and excluding common stocks of “state-owned enterprises”, which is defined as companies with over 20% government ownership. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities of the Index.

The Fund returned 11.59% at net asset value (“NAV”) between inception in September 2022 through the period ended June 30, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in the Information Technology sector due to a combination of allocation and stock selection effects. Industrials and Materials were also additive due to positive stock selection. Energy, Utilities and Financials were detractors due to poor stock selection in these sectors. A lack of exposure to Chinese equities was additive during the period as China underperformed broader emerging markets stocks, resulting in a positive allocation effect for the Fund. Taiwan and South Korea were strong performers within emerging markets, and overweights to each region also resulted in strong allocation effects. An overweight to India during a period where it lagged broader emerging markets resulted in a negative allocation effect, exacerbated by poor stock selection as well. The Fund also avoids state-owned enterprises (“SOEs”) in its methodology, which resulted in a positive allocation effect during the period since SOEs lagged non-SOEs.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,113.20        0.32   $ 1.68  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.21        0.32   $ 1.61  

Performance

 

   
        Cumulative Total Return  
        Since Inception1  

Fund NAV Returns

       11.59

Fund Market Price Returns

       12.28

WisdomTree Emerging Markets ex-China Index

       12.27

MSCI Emerging Markets ex-China Index

       11.33
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on September 22, 2022.

 

 

LOGO

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

 

WisdomTree Trust      9  


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree International ESG Fund (RESD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    20.9%  

Health Care

    14.3%  

Industrials

    14.2%  

Consumer Staples

    11.8%  

Consumer Discretionary

    11.8%  

Information Technology

    8.5%  

Materials

    5.9%  

Communication Services

    5.9%  

Utilities

    5.0%  

Real Estate

    1.1%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

Other assets 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  

Nestle SA, Registered Shares

    2.8%  

Novo Nordisk A/S, Class B

    2.8%  

Novartis AG, Registered Shares

    1.8%  

SAP SE

    1.6%  

AstraZeneca PLC

    1.5%  

Roche Holding AG

    1.5%  

HSBC Holdings PLC

    1.5%  

Unilever PLC

    1.3%  

Iberdrola SA

    1.1%  

Sanofi

    1.1%  
*

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

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

The Fund returned 15.77% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in Real Estate and Consumer Staples due to allocation effects in the former and stock selection effects in the latter. Excluding Energy, as part of the ESG methodology, led to a positive allocation effect since Energy lagged broader developed markets during the period. Industrials and Information Technology were detrimental for performance due to poor stock selection in each. Positive stock selection in the United Kingdom and strong allocation effects in Hong Kong resulted in positive contributions. Poor stock selection in Japan and France negatively impacted performance more than any other country allocation.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,123.20        0.30   $ 1.58  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.31        0.30   $ 1.51  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns2

       15.77      7.47      5.95      8.45

Fund Market Price Returns2

       16.28      7.67      6.06      8.55

MSCI EAFE Extended ESG Focus Index3

       18.94      9.09      4.81      N/A  

MSCI EAFE Index

       18.77      8.93      4.39      6.70
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on November 3, 2016.

 

2 

The Fund’s objective and strategy changed effective March 16, 2020. Prior to March 16, 2020, Fund performance reflects the investment objective of the Fund when it was the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (DHDG) and tracked the performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index.

3 

The MSCI EAFE Extended ESG Focus Index began on March 27, 2018 and the line graph for the Index begins at the same value as the Fund on that date.

 

 

LOGO

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

 

10   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree U.S. Corporate Bond Fund (WFIG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    33.0%  

Health Care

    13.0%  

Information Technology

    10.9%  

Utilities

    7.4%  

Communication Services

    6.2%  

Industrials

    6.0%  

Consumer Staples

    5.7%  

Consumer Discretionary

    5.2%  

Energy

    5.2%  

Materials

    4.1%  

Real Estate

    1.6%  

U.S. Government Obligations

    0.6%  

Other Assets less Liabilities‡

    1.1%  

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  

International Business Machines Corp.,
3.50%, 5/15/29

    1.8%  

Marriott International, Inc.,
5.75%, 5/1/25, Series EE

    1.7%  

Morgan Stanley,
3.95%, 4/23/27

    1.7%  

Bank of America Corp.,
3.19%, 7/23/30

    1.6%  

Steel Dynamics, Inc.,
5.00%, 12/15/26

    1.5%  

HCA, Inc.,
4.13%, 6/15/29

    1.5%  

JPMorgan Chase & Co.,
4.08%, 4/26/26

    1.5%  

Broadridge Financial Solutions, Inc.,
3.40%, 6/27/26

    1.5%  

UnitedHealth Group, Inc.,
3.38%, 4/15/27

    1.5%  

Omnicom Group, Inc.,
4.20%, 6/1/30

    1.4%  
*

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

The WisdomTree U.S. Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund primarily invests in issuers in the U.S. investment grade corporate bond market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 1.69% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). During the period, the Fund did benefit slightly from a full allocation into corporate bonds when compared to a broad aggregate U.S. bond universe that includes other asset classes like U.S. Treasury bonds, agency debt, and securitized debt. Corporate bonds slightly outperformed the broad U.S. aggregate bond market. The Fund concentrates nearly 100% of its weight in debt issued by public corporations and these securities benefit in performance when credit spreads (the difference in yield between U.S. Treasury bonds and another debt security with the same maturity but of lesser quality) tighten. Investment grade corporate bond credit spreads tightened in aggregate by 20% over the period (1.64% credit spread at the beginning of the period versus 1.30% credit spread at the end of the period). Asset classes that are typically described as “risk-on”, like corporate debt, generate negative performance during the first half of the period as the global markets continued to grapple with persistent inflation, global supply chain concerns, global pressures on energy, and lockdowns in China because of the impacts of the COVID-19 pandemic. During the 2023 year-to-date period, there has been a reversal in the markets and many risk-on asset classes have rallied. The Fund’s largest sector weights were in more cyclical sectors like Financials and Utilities, which have generally performed better during the inflation driven markets in the first half of the period vs. the growth-oriented sectors like Information Technology and Consumer Services during the second half of the period. Another significant detractor to the Fund’s performance was the intermediate levels of duration risk in the Fund and the resulting impact on performance during a period that saw significant aggregate rate increases. The negative impact caused by the rising interest rate environment was partially offset by the elevated coupons seen throughout bonds presently. The Fund’s approach of screening out potential at-risk issuers to maintain quality in the portfolio helped alleviate some performance volatility and downgrade risk.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,033.10        0.18   $ 0.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.90        0.18   $ 0.90  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       1.69      -3.82      1.48      1.35

Fund Market Price Returns

       1.91      -3.86      1.68      1.36

WisdomTree U.S. Corporate Bond Index

       2.00      -3.50      1.67      1.67

ICE BofA Merrill Lynch U.S. Corporate Index

       1.41      -3.25      1.82      1.84
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016.

 

LOGO

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

 

WisdomTree Trust      11  


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    15.6%  

Energy

    13.7%  

Communication Services

    11.9%  

Financials

    10.7%  

Health Care

    9.7%  

Industrials

    9.4%  

Information Technology

    7.5%  

Consumer Staples

    6.1%  

Real Estate

    5.7%  

Materials

    3.9%  

Utilities

    3.0%  

Other Assets less Liabilities‡

    2.8%  

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).

Top Ten Holdings*

 

Description   % of Net Assets  

NGL Energy Operating LLC / NGL Energy Finance Corp.,
7.50%, 2/1/26

    0.8%  

Nationstar Mortgage Holdings, Inc.,
6.00%, 1/15/27

    0.7%  

CHS / Community Health Systems, Inc.,
4.75%, 2/15/31

    0.7%  

Level 3 Financing, Inc.,
10.50%, 5/15/30

    0.7%  

Genesis Energy LP / Genesis Energy Finance Corp.,
7.75%, 2/1/28

    0.7%  

DISH DBS Corp.,
7.75%, 7/1/26

    0.7%  

Post Holdings, Inc.,
4.50%, 9/15/31

    0.6%  

Transocean, Inc.,
11.50%, 1/30/27

    0.6%  

Centene Corp.,
3.00%, 10/15/30

    0.6%  

Ford Motor Co.,
4.75%, 1/15/43

    0.6%  
*

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

The WisdomTree U.S. High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Yield Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund primarily invests in issuers in the U.S. non-investment grade corporate bond (“junk bond” or “high yield”) market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 6.42% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). During the period, the Fund benefitted from a full allocation into high yield (“HY”) corporate bonds when compared to a broad aggregate U.S. bond universe that includes other asset classes like U.S. Treasury bonds, agency debt, and securitized debt. In addition, HY corporate bonds outperformed investment grade corporate bonds during the period. The Fund concentrates nearly 100% of its weight in debt issued by HY public corporations and these securities benefit in performance when credit spreads (the difference in yield between U.S. Treasury bonds and another debt security with the same maturity but of lesser quality) tighten. HY corporate bond credit spreads tightened consistently by 31% over the period (5.87% HY credit spread at the beginning of the period versus 4.05% HY credit spread at the end of the period). Asset classes that are typically described as “risk-on”, like HY corporate debt, have continued to rally from elevated coupons throughout the fiscal period and a strong 2023 year-to-date market rebound. One of the Fund’s larger sector weights in Energy served as a first half of the period tailwind but a second half of the period headwind as Energy and Commodities sectors broadly have stabilized and have seen prices come down off of their former highs with easing inflation. The Fund’s relative underweight to duration when compared to the broader fixed income market served as a benefit in a higher interest rate environment over the entire period. The Fund’s approach of screening out potential at-risk issuers helped alleviate some performance volatility and default risk. However, the Fund was underweighting the lowest quality HY bonds, mainly bonds rated CCC and below, which had better performance when compared to higher quality HY securities during this risk-on rally.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,034.60        0.38   $ 1.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.91        0.38   $ 1.91  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       6.42      1.71      2.71      3.68

Fund Market Price Returns

       6.38      1.68      3.07      3.73

WisdomTree U.S. High Yield Corporate Bond Index

       7.39      2.41      2.98      4.34

ICE BofA Merrill Lynch U.S. High Yield Index

       8.87      3.21      3.19      4.62
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016.

 

 

LOGO

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

 

12   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    40.1%  

Information Technology

    11.9%  

Health Care

    9.7%  

Consumer Staples

    6.9%  

Consumer Discretionary

    6.2%  

Industrials

    5.9%  

Utilities

    5.4%  

Energy

    5.3%  

Communication Services

    3.7%  

Materials

    1.9%  

Real Estate

    1.7%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

Other assets 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  

Goldman Sachs Group, Inc.,
5.95%, 1/15/27

    1.2%  

Oracle Corp.,
1.65%, 3/25/26

    1.0%  

JPMorgan Chase & Co.,
4.25%, 10/1/27

    1.0%  

Citigroup, Inc.,
4.45%, 9/29/27

    1.0%  

Wells Fargo & Co.,
4.30%, 7/22/27

    1.0%  

Dell International LLC / EMC Corp.,
6.02%, 6/15/26

    0.9%  

JPMorgan Chase & Co.,
3.22%, 3/1/25

    0.9%  

JPMorgan Chase & Co.,
2.08%, 4/22/26

    0.8%  

Morgan Stanley,
2.19%, 4/28/26

    0.8%  

VMware, Inc.,
1.40%, 8/15/26

    0.8%  
*

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

The WisdomTree U.S. Short-Term Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Short-Term Corporate Bond Index (the “Index”). In seeking to track the Index, the Fund primarily invests in issuers in the short-term U.S. investment grade corporate bond market that are deemed to exhibit favorable fundamentals and opportunities for income. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 1.59% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). During the period, the Fund did benefit slightly from a full allocation into corporate bonds when compared to a broad aggregate U.S. bond universe that includes other asset classes like U.S. Treasury bonds, agency debt, and securitized debt. Corporate bonds slightly outperformed the broad U.S. aggregate bond market. The Fund concentrates nearly 100% of its weight in debt issued by public corporations and these securities benefit in performance when credit spreads (the difference in yield between U.S. Treasury bonds and another debt security with the same maturity but of lesser quality) tighten. Investment grade corporate bond credit spreads tightened in aggregate by 20% over the period (1.64% credit spread at the beginning of the period versus 1.30% credit spread at the end of the period). Asset classes that are typically described as “risk-on”, like corporate debt, generate negative performance during the first half of the period as the global markets continued to grapple with rampant inflation, global supply chain concerns, global pressures on energy, and lockdowns in China because of the impacts of the COVID-19 pandemic. During the 2023 year-to-date period, there has been a reversal in the markets and many risk-on asset classes have rallied. The Fund’s largest sector weights were in more cyclical sectors like Financials and Utilities, which have generally performed better during these inflation driven markets in the first half of the period vs. the growth-oriented sectors like Information Technology and Consumer Services during the second half of the period. The Fund’s approach of screening out potential at-risk issuers helped alleviate some performance volatility and downgrade risk. Given that the Fund is targeting shorter term maturities, performance was marginally better when compared to longer-term bonds, but this was partially offset by lower coupons.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,017.60        0.18   $ 0.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.90        0.18   $ 0.90  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       1.59      -1.07      1.35      1.20

Fund Market Price Returns

       1.70      -1.14      1.49      1.17

WisdomTree U.S. Short-Term Corporate Bond Index

       2.01      -0.71      1.72      1.60

ICE BofA Merrill Lynch 1-5 Year U.S. Corporate Index

       1.70      -0.85      1.85      1.69
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016.

 

 

LOGO

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

 

WisdomTree Trust      13  


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    22.1%  

Financials

    19.4%  

Consumer Discretionary

    13.2%  

Communication Services

    9.4%  

Materials

    7.4%  

Consumer Staples

    6.0%  

Energy

    4.6%  

Industrials

    3.3%  

Health Care

    2.9%  

Utilities

    1.8%  

Real Estate

    1.1%  

Other Assets less Liabilities‡

    8.8%  

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).

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    7.6%  

Samsung Electronics Co. Ltd.

    5.3%  

Tencent Holdings Ltd.

    4.3%  

Alibaba Group Holding Ltd.

    2.8%  

Naspers Ltd., Class N

    1.6%  

Reliance Industries Ltd.

    1.6%  

Meituan, Class B

    1.2%  

China Construction Bank Corp., Class H

    1.2%  

Petroleo Brasileiro SA

    1.1%  

Housing Development Finance Corp. Ltd.

    1.1%  
*

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

The WisdomTree Emerging Markets Efficient Core Fund (the “Fund”) is actively managed using a model-based approach seeking total return. The Fund seeks to achieve its investment objective by primarily investing in emerging markets equity securities and U.S. Treasury futures contracts. Under normal circumstances, the Fund will invest approximately 90% of its net assets in emerging market equity securities and the notional exposure to the U.S. Treasury futures contracts’ positions will represent approximately 60% of the Fund’s net assets.

The Fund returned -0.41% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). The Fund’s positions in equities generated modest returns whereas the fixed income exposure detracted from performance. While markets were volatile to start the period, emerging market equity performance bottomed in October 2022. From then, Information Technology and Financial stocks were strong performers whereas Consumer Discretionary and Communication Services were the primary detractors. This resulted in modestly positive returns for the period. The Fund utilized derivatives contracts to obtain broad-based fixed income exposure, through use of U.S. Treasury futures contracts, which had negative performance during the period as U.S. interest rates increased. The enhanced exposure compared to traditional 60% equity and 40% bond portfolios magnified the Fund’s returns and resulted in the slightly better performance for the Fund.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,053.90        0.32   $ 1.63  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.21        0.32   $ 1.61  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       -0.41      -13.33

Fund Market Price Returns

       0.68      -12.93

MSCI Emerging Markets Index

       -1.12      -12.97
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 20, 2021.

 

 

LOGO

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

 

14   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree International Efficient Core Fund (NTSI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    16.4%  

Industrials

    14.3%  

Health Care

    12.5%  

Consumer Discretionary

    12.0%  

Consumer Staples

    9.7%  

Information Technology

    7.7%  

Materials

    6.6%  

Energy

    4.1%  

Communication Services

    3.7%  

Utilities

    2.7%  

Real Estate

    1.3%  

Other Assets less Liabilities‡

    9.0%  

Total

    100.0%  

 

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

 

Other assets 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  

Nestle SA, Registered Shares

    2.2%  

ASML Holding NV

    2.1%  

LVMH Moet Hennessy Louis Vuitton SE

    1.7%  

Novo Nordisk A/S, Class B

    1.7%  

Shell PLC

    1.5%  

Novartis AG, Registered Shares

    1.4%  

Roche Holding AG

    1.4%  

Toyota Motor Corp.

    1.3%  

AstraZeneca PLC

    1.2%  

HSBC Holdings PLC

    1.0%  
*

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

The WisdomTree International Efficient Core Fund (the “Fund”) is actively managed using a model-based approach seeking total return. The Fund seeks to achieve its investment objective by primarily investing in international equity securities and U.S. Treasury futures contracts. Under normal circumstances, the Fund will invest approximately 90% of its net assets in international equity securities and the notional exposure to the U.S. Treasury futures contracts’ positions will represent approximately 60% of the Fund’s net assets.

The Fund returned 13.35% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). The Fund’s positions in equities generated strong returns whereas the fixed income exposure detracted from performance. While markets were volatile to start the period, international equity performance bottomed in October 2022. From then, Information Technology and Consumer Discretionary stocks were strong performers leading the market higher. The Fund utilized derivatives contracts to obtain broad-based fixed income exposure, through use of U.S. Treasury futures contracts, which had negative performance during the period as U.S. interest rates increased. The enhanced exposure provided by the investment in U.S. Treasury futures contracts compared to traditional 60% equity and 40% bond portfolios magnified the Fund’s returns and resulted in the slightly better performance for the Fund as compared to traditional 60% equity/40% bond portfolios.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,104.00        0.26   $ 1.36  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.51        0.26   $ 1.30  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       13.35      -4.10

Fund Market Price Returns

       13.94      -3.82

MSCI EAFE Index

       18.77      -0.65
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 20, 2021.

 

 

LOGO

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

 

WisdomTree Trust      15  


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree U.S. Efficient Core Fund (NTSX)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    26.2%  

Health Care

    12.0%  

Financials

    11.6%  

Consumer Discretionary

    9.9%  

Industrials

    7.8%  

Communication Services

    7.8%  

Consumer Staples

    6.0%  

Energy

    3.6%  

Utilities

    2.2%  

Materials

    2.1%  

Real Estate

    2.1%  

Other Assets less Liabilities‡

    8.7%  

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  

Apple, Inc.

    7.1%  

Microsoft Corp.

    6.2%  

Amazon.com, Inc.

    3.0%  

NVIDIA Corp.

    2.5%  

Tesla, Inc.

    1.8%  

Alphabet, Inc., Class A

    1.8%  

Alphabet, Inc., Class C

    1.5%  

Meta Platforms, Inc., Class A

    1.5%  

UnitedHealth Group, Inc.

    1.1%  

JPMorgan Chase & Co.

    1.1%  
*

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

The WisdomTree U.S. Efficient Core Fund (the “Fund”) is actively managed using a model-based approach seeking total return. The Fund seeks to achieve its investment objective by investing in large-capitalization U.S. equity securities and U.S. Treasury futures contracts. Under normal circumstances, the Fund will invest approximately 90% of its net assets in U.S. equity securities and the notional exposure to the U.S. Treasury futures contracts’ positions will represent approximately 60% of the Fund’s net assets.

The Fund returned 12.68% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). The Fund’s positions in equities generated strong returns whereas the fixed income exposure detracted from performance. While markets were volatile to start the period, U.S. equity performance bottomed in October 2022. From then, Information Technology and Consumer Discretionary stocks were strong performers leading the market higher. The Fund utilized derivatives contracts to obtain broad-based fixed income exposure, through use of U.S. Treasury futures contracts, which had negative performance during the period as U.S. interest rates increased. The enhanced exposure provided by the investment in U.S. Treasury futures contracts compared to traditional 60% equity and 40% bond portfolios magnified the Fund’s returns and resulted in the slightly better performance for the Fund as compared to traditional 60% equity/40% bond portfolios.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,149.50        0.20   $ 1.07  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.80        0.20   $ 1.00  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      Since Inception1  

Fund NAV Returns

       12.68      7.85      9.63

Fund Market Price Returns

       12.98      7.80      9.62

60% S&P 500® Index / 40% Bloomberg U.S. Aggregate Index Composite

       11.06      7.10      7.84

S&P 500® Index

       19.59      14.60      11.61
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 2, 2018.

 

 

LOGO

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

 

16   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Artificial Intelligence and Innovation Fund (WTAI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    79.9%  

Consumer Discretionary

    6.5%  

Communication Services

    4.9%  

Industrials

    4.6%  

Health Care

    3.5%  

Financials

    0.5%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

NVIDIA Corp.

    2.5%  

Alchip Technologies Ltd.

    2.2%  

Meta Platforms, Inc., Class A

    2.1%  

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

    2.1%  

STMicroelectronics NV

    2.0%  

Advanced Micro Devices, Inc.

    2.0%  

Synopsys, Inc.

    2.0%  

Lattice Semiconductor Corp.

    2.0%  

IonQ, Inc.

    2.0%  

Cerence, 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 Artificial Intelligence and Innovation Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Artificial Intelligence & Innovation Index (the “Index”). In seeking to track the Index, the Fund primarily invests in equity securities of exchange-listed companies globally, including developed countries and emerging markets throughout the world, which are primarily involved in the investment theme of “Artificial Intelligence and Innovation”. Artificial intelligence (“AI”) refers to the application of computer systems or robotics to perform tasks that typically require human intelligence, discernment and adaption, such as decision-making, reasoning, learning from past experiences, visual perception, and speech recognition. Innovation refers to those companies that introduce a new, creative, or different (i.e., “innovative”) technology enabled product or service in seeking to potentially change an industry landscape, as well as companies that service those innovative technologies. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.

The Fund returned 26.74% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). As a fund focused on artificial intelligence, the Fund has a significant allocation to the Information Technology sector, which benefited returns. More specifically, with over 70% of the Fund’s assets allocated to Software and Semiconductors, the Fund experienced outperformance as these industries rallied after the release of ChatGPT in late November of 2022, as well as after Nvidia earnings were announced in early 2023, where they forecasted significant datacenter revenue growth due to increased demand related to AI applications. Additionally, the Fund had significant weight in companies with positive earnings while maintaining strong growth characteristics which also benefited performance. Most detractors over the period were idiosyncratic, due to pessimistic news around companies operating within drug development or data processing and annotation.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,347.00        0.45   $ 2.62  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.56        0.45   $ 2.26  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       26.74      -16.44

Fund Market Price Returns

       26.58      -16.33

WisdomTree Artificial Intelligence & Innovation Index

       27.14      -16.20

S&P 500® Information Technology Index

       40.26      1.96
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on December 9, 2021.

 

 

LOGO

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

 

WisdomTree Trust      17  


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Battery Value Chain and Innovation Fund (WBAT)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    52.4%  

Materials

    29.6%  

Information Technology

    8.6%  

Consumer Discretionary

    5.5%  

Utilities

    3.2%  

Energy

    0.5%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

Joby Aviation, Inc.

    5.0%  

Blink Charging Co.

    3.0%  

E.ON SE

    3.0%  

Bloom Energy Corp., Class A

    2.8%  

Wartsila Oyj Abp

    2.4%  

Ballard Power Systems, Inc.

    2.2%  

Doosan Fuel Cell Co. Ltd.

    2.2%  

FuelCell Energy, Inc.

    2.1%  

GEM Co. Ltd., Class A

    2.1%  

Mitsubishi Heavy Industries Ltd.

    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 Battery Value Chain and Innovation Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Battery Value Chain and Innovation Index (the “Index”). In seeking to track the Index, the Fund invests in companies primarily involved in battery and energy storage solutions that meet the index eligibility requirements. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.

The Fund returned 0.58% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). As a fund heavily focused on the battery value chain, the Fund had significant allocations to the Industrials and Materials sectors, which lagged in performance versus the broader market due to allocation and selection effects. Alternatively, position selection within the Consumer Discretionary and the Information Technology sectors benefited the Fund’s performance, although these sectors had significantly less weight allocated as compared to the Industrials and Materials sectors. As a megatrend fund, there is significant weight allocated to companies with high growth rates, as well as those that have yet to report positive earnings. The fastest growth companies in the Fund detracted from performance, while those with steadier growth positively contributed. Likewise negative earners detracted from performance while those with positive earnings benefited the Fund. In terms of battery specific categories, the emerging technology category most benefited performance while raw materials and enabler firms detracted from performance.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,083.50        0.45   $ 2.32  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.56        0.45   $ 2.26  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       0.58      -10.22

Fund Market Price Returns

       -0.12      -10.21

WisdomTree Battery Value Chain and Innovation Index

       0.95      -9.80

MSCI ACWI Materials Index

       12.07      -5.81
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on February 17, 2022.

 

 

LOGO

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.

 

18   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree BioRevolution Fund (WDNA)

 

Sector Breakdown

 

Sector   % of Net Assets  

Health Care

    79.5

Materials

    12.4

Consumer Staples

    4.4

Energy

    3.5

Other Assets less Liabilities‡

    0.2

Total

    100.0

 

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

Geron Corp.

    1.8%  

Twist Bioscience Corp.

    1.6%  

Ginkgo Bioworks Holdings, Inc.

    1.5%  

Exact Sciences Corp.

    1.5%  

Blueprint Medicines Corp.

    1.5%  

Agios Pharmaceuticals, Inc.

    1.4%  

Vericel Corp.

    1.4%  

Eli Lilly & Co.

    1.4%  

Iovance Biotherapeutics, Inc.

    1.4%  

Verve Therapeutics, Inc.

    1.3%  
*

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

The WisdomTree BioRevolution Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree BioRevolution Index (the “Index”). In seeking to track the Index, the Fund primarily invests in equity securities of exchange-listed companies globally that will be significantly transformed by advancements in genetics and biotechnology. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.

The Fund returned 0.61% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). With over 90% of the fund allocated to the Healthcare and Materials sectors, the Fund underperformed the broader market as these sectors failed to participate in the early 2023 rally in Information Technology, Consumer Discretionary and the Communications sectors that drove up broad market performance. Furthermore, allocations to small cap companies also detracted from returns, as well as those firms with slower earnings growth. Those with faster growth tended to benefit fund performance.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,000.60        0.45   $ 2.23  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.56        0.45   $ 2.26  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       0.61      -15.87

Fund Market Price Returns

       0.72      -15.84

WisdomTree BioRevolution Index

       0.75      -15.61

S&P Biotechnology Select Industry Index

       12.13      -18.43

S&P 500® Health Care Index

       3.63      4.59
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on June 3, 2021.

 

 

LOGO

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

 

WisdomTree Trust      19  


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Cloud Computing Fund (WCLD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    86.8%  

Financials

    5.5%  

Health Care

    2.7%  

Communication Services

    2.8%  

Industrials

    1.5%  

Consumer Discretionary

    0.6%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

Other assets 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  

MongoDB, Inc.

    2.7%  

Yext, Inc.

    2.2%  

C3.ai, Inc., Class A

    2.1%  

Shopify, Inc., Class A

    2.0%  

Asana, Inc., Class A

    2.0%  

Braze, Inc., Class A

    2.0%  

Confluent, Inc., Class A

    1.9%  

Adobe, Inc.

    1.9%  

Squarespace, Inc., Class A

    1.9%  

HubSpot, Inc.

    1.8%  
*

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

The WisdomTree Cloud Computing Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Bessemer Venture Partners (“BVP”) Nasdaq Emerging Cloud Index (the “Index”). In seeking to track the Index, the Fund invests in emerging public companies primarily involved in providing cloud computing software and services to their customers, which derive the majority of their revenues from business-oriented software products, as determined by BVP. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 13.20% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). The Fund is nearly fully allocated to the Information Technology sector, and more specifically, with 70% allocated to the Software industry, which benefited fund performance. With reduced exposure to mega-cap tech firms, particularly those that rallied to start the year 2023, the Fund’s overall positive performance was negatively impacted by these selection and allocation effects. Like other megatrends strategies, the Fund tends to overweight companies with strong growth characteristics, which benefited the Fund’s performance over the period. As these strong growth companies also tend to garner higher valuation multiples, the Fund also had more weight allocated to more expensive firms from a price to sales ratio perspective, which benefited returns. Firms with the lowest multiples underperformed significantly compared to their more expensive counterparts. Both positive and negative earners within the fund benefited overall returns.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,266.70        0.45   $ 2.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.56        0.45   $ 2.26  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      Since Inception1  

Fund NAV Returns

       13.20      -6.61      6.37

Fund Market Price Returns

       13.40      -6.61      6.37

BVP Nasdaq Emerging Cloud Index

       13.57      -6.27      6.77

S&P 500® Information Technology Index

       40.26      19.96      23.68

S&P 500® Growth Index

       18.25      11.80      13.33
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 6, 2019.

 

 

LOGO

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.

 

20   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of June 30, 2023 (unaudited)

WisdomTree Cybersecurity Fund (WCBR)

 

Country Breakdown

 

Country   % of Net Assets  

United States

    89.4%  

Japan

    3.7%  

United Kingdom

    3.2%  

South Korea

    2.5%  

Israel

    0.6%  

Canada

    0.5%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s country breakdown may change over time. 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  

Datadog, Inc., Class A

    6.7%  

Palo Alto Networks, Inc.

    6.1%  

Fortinet, Inc.

    5.7%  

Cloudflare, Inc., Class A

    5.5%  

Crowdstrike Holdings, Inc., Class A

    5.5%  

Elastic NV

    5.4%  

SentinelOne, Inc., Class A

    4.8%  

Rapid7, Inc.

    4.8%  

Zscaler, Inc.

    4.6%  

ForgeRock, Inc., Class A

    4.6%  
*

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 Cybersecurity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Team8 Cybersecurity Index (the “Index”). In seeking to track the Index, the Fund invests in equity securities of exchange-listed companies globally, which are primarily involved in cybersecurity and security-oriented technology that generate a meaningful part of their revenue from security protocols that prevent intrusion and attacks to systems, networks, applications, computers, and mobile devices and are experiencing revenue growth.

The Fund returned 8.68% at net asset value (“NAV”) for the fiscal year ended June 30, 2023 (for more complete performance information please see the table below). As a fund focused on cyber security software, the Fund is fully allocated to the Information Technology sector, which benefited returns. More specifically, with 80% allocated to Software, this benefited fund performance, but selection within the group failed to capture mega-cap technology firms that rallied the most to start the year of 2023, causing the Fund to underperform broader technology exposures that cover technology beyond cybersecurity. The Fund is heavily allocated to the highest two growth quintiles, which benefited fund performance. Generally, firms with strong growth characteristics within the Fund outperformed those with weaker characteristics. More specifically, the fastest growing and narrowly focused firms across pinpointed cybersecurity applications had the greatest positive impact. Some of the key detractors for the period were newer firms that had more recently undergone an initial public offering, as well as more expensive firms in terms of valuation, with higher price to sales ratios.

Shareholder Expense Example (for the six-month period ended June 30, 2023)

 

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

Actual

   $ 1,000.00      $ 1,269.70        0.45   $ 2.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.56        0.45   $ 2.26  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       8.68      -8.60

Fund Market Price Returns

       9.02      -8.53

WisdomTree Team8 Cybersecurity Index

       8.49      -8.43

S&P 500® Information Technology Index

       40.26      13.71

S&P 500® Growth Index

       18.25      4.80
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on January 28, 2021.

 

 

LOGO

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

 

WisdomTree Trust      21  


Description of Terms and Indexes (unaudited)

 

 

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

The 60% S&P 500® Index/40% Bloomberg U.S. Aggregate Index Composite represents a 60% weight to the S&P 500® Index and a 40% weight to the Bloomberg U.S. Aggregate Index. The Bloomberg U.S. Aggregate Index measures the performance of the U.S. investment-grade bond market.

Allocation Effect measures an investment manager’s ability to effectively allocate a portfolio’s assets to various segments. A segment refers to assets or securities that are grouped within a certain classification such as sectors, industries, or countries. The allocation effect determines whether the overweighting or underweighting of segments relative to a benchmark contributes positively or negatively to the overall portfolio return. Positive allocation occurs when the portfolio is overweighted in a segment that outperforms the benchmark and underweighted in a segment that underperforms the benchmark. Negative allocation occurs when the portfolio is overweighted in a segment that underperforms the benchmark and underweighted in a segment that outperforms the benchmark.

The BVP Nasdaq Emerging Cloud Index is an equally weighted index that is designed to track the performance of emerging public companies primarily involved in providing cloud software and services to their customers.

Cloud computing is a term used to describe the delivery, through the Internet, of computing services, which can include servers, storage, databases, networking, software, analytics, and intelligence.

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

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

The ICE BofA Merrill Lynch U.S. Corporate Index tracks the performance of U.S. dollar denominated investment grade corporate debt publicly issued in the U.S.

The ICE BofA Merrill Lynch U.S. High Yield Index tracks the performance of U.S. dollar denominated high yield corporate debt securities issued in the U.S.

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

The MSCI ACWI Materials Index is a modified market capitalization weighted index that measures the performance of securities classified in the Materials GICS sector.

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

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

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

The MSCI EAFE Small Cap Index is a free float-adjusted market capitalization equity index that is designed to measure the performance of small-cap stocks within the developed equity market, excluding the U.S. and Canada.

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

 

22   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

The MSCI EAFE Small Cap Value Index captures small cap securities exhibiting overall value style characteristics across Developed Markets countries, excluding the U.S. and Canada.

The MSCI EAFE Value Index is a free float-adjusted market capitalization index that is designed to measure the performance of “value” stocks within the developed equity market, excluding the U.S. and Canada.

The MSCI Emerging Markets ex-China Index captures large and mid cap representation across 23 of the 24 Emerging Markets countries excluding China.

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

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

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

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

Risk-on and Risk-off refers to investors’ appetites for risk which rise and fall over time. During periods when risk is perceived as low, the risk-on risk-off theory states that investors tend to engage in higher-risk investments (i.e., “Risk-on”). When risk is perceived to be high, investors have the tendency to gravitate toward lower-risk investments (i.e., “Risk-off”).

The S&P 500® Growth Index measures the performance of the large-capitalization growth sector of the U.S. equity market.

The S&P 500® Health Care Index is a capitalization weighted index that measures the performance of the members of the GICS Healthcare sector within the S&P 500 Index.

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

The S&P 500® Information Technology Index comprises companies included in the S&P 500® that are classified as members of the GICS® information technology sector.

The S&P Biotechnology Select Industry Index is designed to measure the performance of stocks from the S&P Total Market index that are classified in the GICS biotechnology sub-industry.

Selection Effect measures an investment manager’s ability to select securities within a given segment relative to a benchmark. The over or underperformance of the portfolio is weighted by the benchmark weight, therefore, selection is not affected by the investment manager’s allocation to the segment. The weight of the segment in the portfolio determines the size of the effect — the larger the segment, the larger the effect is, positive or negative. A positive selection effect occurs when the portfolio return is greater than the benchmark return. Thus, the investment manager made good decisions in selecting securities that, as a whole, outperformed similar securities in the benchmark. A negative selection effect occurs when the portfolio return is less than the benchmark return. Thus, the investment manager made poor decisions in selecting securities that, as a whole, underperformed similar securities in the benchmark.

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

 

WisdomTree Trust      23  


Description of Terms and Indexes (unaudited) (continued)

 

 

The WisdomTree Artificial Intelligence & Innovation Index is designed to measure the performance of companies primarily involved in artificial intelligence and innovation.

The WisdomTree Battery Value Chain and Innovation Index is designed to track the performance of companies primarily involved in battery and energy storage solutions that meet Index eligibility requirements. Battery and energy storage solutions can be defined as technology that captures electric energy in chemical form.

The WisdomTree BioRevolution Index is designed to track performance of companies that will be significantly transformed by advancements in genetics and biotechnology that meet index eligibility requirements.

The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States. To hedge the impact of changes to the value of foreign currencies relative to the U.S. dollar, a currency hedge ratio (ranging from 0% to 100%) is applied monthly using a rules-based process that combines momentum, value, and interest rate signals.

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world, excluding Canada and the United States. To hedge the impact of changes to the value of foreign currencies relative to the U.S. dollar, a currency hedge ratio (ranging from 0% to 100%) is applied monthly using a rules-based process that combines momentum, value, and interest rate signals.

The WisdomTree Emerging Markets ex-China Index measures the performance of emerging markets stocks (excluding China) that are not state owned enterprises. State owned enterprises are defined as government ownership of more than 20% of outstanding shares of companies. The index employs a modified float-adjusted market capitalization weighting process to target the weights of countries in the universe (excluding China) prior to the removal of state owned enterprises while also limiting sector deviations to 3% of the starting universe.

The WisdomTree Team8 Cybersecurity Index is designed to track the performance of companies primarily involved in providing cybersecurity-oriented products that meet index eligibility requirements.

The WisdomTree U.S. Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the U.S. investment grade corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $350 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated investment grade.

The WisdomTree U.S. High Yield Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the U.S. high yield corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $500 million in par amount outstanding and a remaining maturity of at least one year. Component securities must be rated non-investment grade by at least one rating agency.

The WisdomTree U.S. Short-Term Corporate Bond Index is a rule-based alternatively weighted index designed to capture the performance of selected issuers in the U.S.

 

24   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

investment-grade corporate bond market that are deemed to have attractive fundamental and income characteristics. The Index employs a multi-step process, which screens on fundamentals to identify bonds with favorable characteristics and then tilts to those which offer attractive income characteristics. The Index is comprised of U.S. corporate bonds of public issuers domiciled in the United States. To be eligible for inclusion in the Index, debt securities must have fixed coupons with at least $350 million in par amount outstanding and a remaining maturity of at least one year but not more than five years. Component securities must be rated investment grade.

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.

THE INFORMATION SET FORTH IN THE BVP NASDAQ EMERGING CLOUD INDEX IS NOT INTENDED TO BE, AND SHALL NOT BE REGARDED OR CONSTRUED AS, A RECOMMENDATION FOR A TRANSACTION OR INVESTMENT OR FINANCIAL, TAX, INVESTMENT OR OTHER ADVICE OF ANY KIND BY BESSEMER VENTURE PARTNERS. BESSEMER VENTURE PARTNERS DOES NOT PROVIDE INVESTMENT ADVICE TO WISDOMTREE OR THE FUND, IS NOT AN INVESTMENT ADVISER TO THE FUND AND IS NOT RESPONSIBLE FOR THE PERFORMANCE OF THE FUND. THE FUND IS NOT ISSUED, SPONSORED, ENDORSED OR PROMOTED BY BESSEMER VENTURE PARTNERS. BESSEMER VENTURE PARTNERS MAKES NO WARRANTY OR REPRESENTATION REGARDING THE QUALITY, ACCURACY OR COMPLETENESS OF THE BVP NASDAQ EMERGING CLOUD INDEX, INDEX VALUES OR ANY INDEX RELATED DATA INCLUDED HEREIN, PROVIDED HEREWITH OR DERIVED THEREFROM AND ASSUMES NO LIABILITY IN CONNECTION WITH ITS USE. BESSEMER VENTURE PARTNERS AND/OR POOLED INVESTMENT VEHICLES WHICH IT MANAGES, AND INDIVIDUALS AND ENTITIES AFFILIATED WITH SUCH VEHICLES, MAY PURCHASE, SELL OR HOLD SECURITIES OF ISSUERS THAT ARE CONSTITUENTS OF THE BVP NASDAQ EMERGING CLOUD INDEX FROM TIME TO TIME AND AT ANY TIME, INCLUDING IN ADVANCE OF OR FOLLOWING AN ISSUER BEING ADDED TO OR REMOVED FROM THE BVP NASDAQ EMERGING CLOUD INDEX.

Nasdaq® and the BVP Nasdaq Emerging Cloud Index are registered trademarks and service marks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by WisdomTree. The fund has not been passed on by the Corporations as to its legality or suitability. The fund is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

 

WisdomTree Trust      25  


Description of Terms and Indexes (unaudited) (concluded)

 

 

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.

* * * * * *

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

 

CURRENCY ABBREVIATIONS:           
AUD   Australian dollar    EUR   Euro    NOK   Norwegian krone
CAD   Canadian dollar    GBP   British pound    SEK   Swedish krona
CHF   Swiss franc    HKD   Hong Kong dollar    SGD   Singapore dollar
CNH   Offshore Chinese renminbi    ILS   Israeli new shekel    TWD   New Taiwan dollar
DKK   Danish krone    JPY   Japanese yen    USD   U.S. dollar
OTHER ABBREVIATIONS:                      
ADR   American Depositary Receipt     
CVA   Certificaten Van Aandelen (Certificate of Stock)     
GDR   Global Depositary Receipt     
NVDR   Non-Voting Depositary Receipt     
RSP   Risparmio Italian Savings Shares     

 

26   WisdomTree Trust


Schedule of Investments

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%

 

Australia – 12.1%

 

Abacus Property Group

     39,538      $ 70,797  

Accent Group Ltd.

     12,527        13,967  

AGL Energy Ltd.(a)

     14,567        104,819  

ALS Ltd.

     6,520        48,435  

Ampol Ltd.

     6,984        139,188  

ANZ Group Holdings Ltd.

     81,375        1,284,306  

APA Group

     29,286        188,899  

Aristocrat Leisure Ltd.

     3,955        101,778  

ASX Ltd.

     3,416        143,253  

Aurizon Holdings Ltd.

     39,616        103,372  

Australian Clinical Labs Ltd.(a)

     16,883        38,659  

Bank of Queensland Ltd.(a)

     11,917        43,550  

Bendigo & Adelaide Bank Ltd.(a)

     11,285        64,527  

BHP Group Ltd.

     287,604        8,613,048  

BlueScope Steel Ltd.

     5,779        79,052  

Brambles Ltd.

     14,537        139,439  

Brickworks Ltd.

     2,440        43,301  

BWP Trust

     19,062        46,060  

carsales.com Ltd.

     4,000        63,423  

Centuria Capital Group(a)

     71,832        78,895  

Centuria Industrial REIT(a)

     21,095        43,530  

Challenger Ltd.

     9,274        40,003  

Charter Hall Group

     7,704        54,923  

Charter Hall Long Wale REIT

     28,913        77,176  

Cochlear Ltd.

     297        45,287  

Coles Group Ltd.

     23,160        283,971  

Commonwealth Bank of Australia

     31,385        2,094,783  

Computershare Ltd.

     5,668        88,210  

Cromwell Property Group

     95,544        34,025  

CSL Ltd.

     1,943        358,752  

CSR Ltd.

     17,712        61,190  

Deterra Royalties Ltd.

     24,716        75,680  

Dexus(a)

     31,885        165,549  

Dicker Data Ltd.(a)

     3,545        19,350  

Eagers Automotive Ltd.(a)

     7,352        66,018  

Elders Ltd.(a)

     4,575        20,038  

Endeavour Group Ltd.(a)

     17,164        72,093  

First Resources Ltd.

     42,000        43,137  

Goodman Group

     10,124        135,253  

GPT Group

     32,072        88,384  

Growthpoint Properties Australia Ltd.

     22,348        41,504  

Harvey Norman Holdings Ltd.(a)

     40,636        94,132  

Helia Group Ltd.

     22,981        52,929  

HomeCo Daily Needs REIT

     56,292        44,028  

IGO Ltd.

     3,428        34,684  

Iluka Resources Ltd.

     9,351        69,154  

Incitec Pivot Ltd.

     49,858        90,935  

Inghams Group Ltd.

     17,623        30,735  

Insignia Financial Ltd.(a)

     29,146        54,711  

Insurance Australia Group Ltd.

     16,492        62,574  

IVE Group Ltd.(a)

     12,559        19,228  

JB Hi-Fi Ltd.(a)

     3,837        111,742  

Lovisa Holdings Ltd.

     2,617      33,621  

Macquarie Group Ltd.

     4,776        564,680  

McMillan Shakespeare Ltd.

     4,284        51,501  

Medibank Pvt Ltd.

     54,556        127,829  

Metcash Ltd.

     27,269        68,250  

Mineral Resources Ltd.

     935        44,457  

Mirvac Group

     60,462        90,957  

MyState Ltd.

     14,212        29,989  

National Australia Bank Ltd.

     66,730        1,171,324  

New Hope Corp. Ltd.

     30,831        99,535  

NIB Holdings Ltd.(a)

     7,231        40,672  

Nick Scali Ltd.(a)

     5,863        35,554  

Nine Entertainment Co. Holdings Ltd.(a)

     64,457        84,310  

Northern Star Resources Ltd.

     12,426        99,918  

NRW Holdings Ltd.

     19,463        32,778  

Orica Ltd.

     3,632        35,854  

Origin Energy Ltd.

     30,673        171,711  

Orora Ltd.

     21,851        47,853  

Perpetual Ltd.(a)

     2,791        48,081  

Premier Investments Ltd.

     3,931        53,014  

QBE Insurance Group Ltd.

     12,262        127,902  

Qube Holdings Ltd.

     25,402        48,190  

REA Group Ltd.(a)

     904        86,068  

Reece Ltd.(a)

     4,257        52,621  

Region RE Ltd.

     33,380        50,438  

Rio Tinto Ltd.

     14,620        1,116,140  

Rio Tinto PLC

     41,583        2,635,663  

Santos Ltd.

     37,092        185,671  

Scentre Group

     95,091        167,738  

SEEK Ltd.

     4,230        61,157  

Seven Group Holdings Ltd.

     3,145        51,604  

Sigma Healthcare Ltd.

     12,192        6,817  

Sims Ltd.

     7,508        78,714  

Sonic Healthcare Ltd.

     6,997        165,669  

South32 Ltd.

     226,009        565,665  

Steadfast Group Ltd.

     12,532        50,052  

Stockland

     88,753        238,086  

Suncorp Group Ltd.

     14,021        125,903  

Telstra Group Ltd.

     233,521        668,406  

Terracom Ltd.(a)

     23,394        6,540  

TPG Telecom Ltd.(a)

     26,537        86,025  

Transurban Group

     33,154        314,483  

Treasury Wine Estates Ltd.

     7,638        57,096  

Vicinity Ltd.

     89,151        109,488  

Viva Energy Group Ltd.(a)(b)

     52,506        105,201  

Washington H Soul Pattinson & Co. Ltd.(a)

     3,909        82,692  

Waypoint REIT Ltd.

     23,232        40,053  

Wesfarmers Ltd.

     14,828        486,999  

Westpac Banking Corp.

     56,380        800,876  

Whitehaven Coal Ltd.

     20,932        93,493  

Woodside Energy Group Ltd.

     57,264        1,312,776  

Woolworths Group Ltd.

     10,563        279,352  

Worley Ltd.

     8,152        85,682  
     

 

 

 
Total Australia

 

     29,257,624  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  
Austria – 0.6%

 

Andritz AG

     1,689      $ 94,070  

BAWAG Group AG*(b)

     2,465        113,543  

Erste Group Bank AG

     8,733        305,744  

EVN AG

     2,613        57,871  

Oesterreichische Post AG

     1,697        60,542  

OMV AG

     5,472        231,873  

S IMMO AG*

     496        6,602  

Telekom Austria AG*

     13,517        99,985  

UNIQA Insurance Group AG

     8,458        67,823  

Verbund AG

     728        58,337  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     2,261        59,079  

Voestalpine AG

     3,703        132,915  

Wienerberger AG

     1,944        59,470  
     

 

 

 
Total Austria

 

     1,347,854  
Belgium – 1.0%

 

Ackermans & van Haaren NV

     284        46,725  

Aedifica SA(a)

     749        47,967  

Ageas SA/NV

     6,523        264,097  

Anheuser-Busch InBev SA

     5,496        310,780  

bpost SA(a)

     8,859        38,893  

Cofinimmo SA(a)

     927        69,581  

D’ieteren Group

     301        53,167  

Elia Group SA/NV

     433        54,941  

Groupe Bruxelles Lambert NV

     1,920        151,155  

KBC Group NV

     10,086        703,365  

Melexis NV

     777        76,209  

Proximus SADP

     15,644        116,469  

Solvay SA

     1,357        151,454  

UCB SA

     1,163        103,029  

Umicore SA

     1,975        55,139  

VGP NV

     798        77,920  

Warehouses De Pauw CVA

     1,856        50,865  
     

 

 

 
Total Belgium

 

     2,371,756  
Burkina Faso – 0.0%

 

Endeavour Mining PLC

     3,805        91,187  
China – 0.4%

 

BOC Hong Kong Holdings Ltd.

     222,500        679,998  

Prosus NV*

     2,270        166,203  

Wilmar International Ltd.

     90,300        253,549  
     

 

 

 
Total China

 

     1,099,750  
Denmark – 1.3%

 

Alm Brand A/S

     26,685        41,759  

AP Moller – Maersk A/S, Class B

     259        454,446  

Carlsberg A/S, Class B

     982        156,908  

Chr Hansen Holding A/S

     711        49,339  

Coloplast A/S, Class B

     1,494        186,770  

D/S Norden A/S

     1,779        88,730  

DSV A/S

     456        95,745  

Novo Nordisk A/S, Class B

     7,521        1,211,541  

Novozymes A/S, Class B

     1,074        50,027  

Orsted A/S(b)

     2,505        236,668  

Pandora A/S

     1,840      164,242  

Scandinavian Tobacco Group A/S, Class A(b)

     2,803        46,615  

Sydbank A/S

     2,126        98,188  

Topdanmark A/S

     2,906        142,727  

Tryg A/S

     6,781        146,701  
     

 

 

 
Total Denmark

 

     3,170,406  
Finland – 1.4%

 

Aktia Bank Oyj

     3,334        33,828  

Anora Group Oyj

     3,868        20,762  

Citycon Oyj*(a)

     6,973        44,276  

Elisa Oyj

     3,037        162,156  

Fortum Oyj

     21,583        288,805  

Huhtamaki Oyj(a)

     1,289        42,273  

Kesko Oyj, Class A

     2,646        50,288  

Kesko Oyj, Class B

     5,141        96,752  

Kojamo Oyj

     2,796        26,295  

Kone Oyj, Class B

     6,087        317,635  

Konecranes Oyj

     1,921        77,231  

Metsa Board Oyj, Class B(a)

     6,412        47,290  

Metso Oyj(a)

     9,752        117,513  

Neste Oyj

     4,157        159,914  

Nokia Oyj

     26,048        108,999  

Nordea Bank Abp

     77,288        839,332  

Orion Oyj, Class B

     1,484        61,556  

Sampo Oyj, Class A

     10,836        486,124  

Stora Enso Oyj, Class R

     7,234        83,856  

TietoEVRY Oyj

     3,237        89,278  

UPM-Kymmene Oyj

     6,287        187,048  

Valmet Oyj(a)

     3,511        97,601  
     

 

 

 
Total Finland

 

     3,438,812  
France – 11.5%

 

Air Liquide SA

     2,918        522,737  

Airbus SE

     3,561        514,226  

ALD SA(b)

     15,127        161,817  

Arkema SA

     763        71,839  

AXA SA

     65,589        1,933,845  

BioMerieux

     464        48,658  

BNP Paribas SA

     28,929        1,821,733  

Bollore SE

     17,773        110,719  

Bouygues SA

     6,592        221,222  

Bureau Veritas SA

     1,632        44,726  

Capgemini SE

     907        171,734  

Carrefour SA

     8,274        156,663  

Cie de Saint-Gobain

     6,396        388,886  

Cie Generale des Etablissements Michelin SCA

     9,107        268,861  

Coface SA

     7,730        106,430  

Danone SA

     7,888        483,130  

Dassault Aviation SA

     489        97,844  

Dassault Systemes SE

     2,121        94,007  

Edenred

     1,574        105,335  

Eiffage SA

     1,074        111,994  

Elis SA

     2,377        46,161  

Engie SA

     73,909        1,227,906  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

Eramet SA

     654      $ 59,685  

EssilorLuxottica SA

     2,315        435,930  

Gaztransport Et Technigaz SA

     621        63,178  

Gecina SA

     1,201        127,819  

Getlink SE

     3,193        54,274  

Hermes International

     301        653,498  

Imerys SA

     1,230        47,907  

Ipsen SA

     324        38,954  

IPSOS

     804        44,692  

Kering SA

     1,018        561,539  

Klepierre SA

     6,888        170,737  

L’Oreal SA

     3,575        1,665,829  

La Francaise des Jeux SAEM(b)

     3,536        139,034  

Legrand SA

     1,760        174,351  

LVMH Moet Hennessy Louis Vuitton SE

     4,179        3,934,668  

Metropole Television SA

     7,026        99,497  

Nexans SA

     405        35,061  

Orange SA

     90,197        1,053,130  

Pernod Ricard SA

     2,650        585,169  

Publicis Groupe SA

     3,408        273,283  

Remy Cointreau SA

     247        39,600  

Rexel SA

     6,267        154,591  

Rothschild & Co.(a)

     2,275        115,538  

Rubis SCA

     2,776        67,356  

Sanofi

     15,596        1,670,897  

Sartorius Stedim Biotech

     151        37,676  

Schneider Electric SE

     3,820        693,742  

Societe BIC SA

     596        34,137  

Societe Generale SA

     19,207        498,725  

Sodexo SA

     821        90,333  

Sopra Steria Group SACA

     339        67,608  

SPIE SA

     2,120        68,462  

Teleperformance

     240        40,179  

Thales SA

     2,214        331,403  

TotalEnergies SE

     59,886        3,433,388  

Trigano SA

     213        30,512  

Valeo

     2,736        58,595  

Veolia Environnement SA

     9,383        296,357  

Verallia SA(b)

     1,569        58,851  

Vicat SA

     2,586        82,101  

Vinci SA

     6,431        746,386  

Vivendi SE

     16,028        146,992  

Wendel SE

     648        66,455  
     

 

 

 
Total France

 

     27,758,592  
Georgia – 0.0%

 

Bank of Georgia Group PLC

     1,724        64,110  
Germany – 7.9%

 

adidas AG

     2,029        393,541  

Allianz SE, Registered Shares

     7,338        1,706,828  

BASF SE

     20,078        974,120  

Bayer AG, Registered Shares

     12,019        664,422  

Bayerische Motoren Werke AG

     13,453        1,651,482  

Bechtle AG

     1,064        42,161  

Beiersdorf AG

     513      67,861  

Brenntag SE

     1,204        93,788  

Carl Zeiss Meditec AG, Bearer Shares

     351        37,926  

Dermapharm Holding SE

     1,331        65,781  

Deutsche Bank AG, Registered Shares

     13,788        144,681  

Deutsche Boerse AG

     1,104        203,675  

Deutsche Post AG, Registered Shares

     18,859        920,328  

Deutsche Telekom AG, Registered Shares

     79,544        1,733,568  

DWS Group GmbH & Co. KGaA(b)

     7,550        230,967  

E.ON SE

     47,701        607,848  

Evonik Industries AG

     8,685        165,155  

Fielmann AG

     1,726        91,894  

Freenet AG

     3,155        79,100  

GEA Group AG

     1,782        74,481  

Hannover Rueck SE

     1,939        411,138  

Hapag-Lloyd AG(a)(b)

     5,686        1,153,217  

Heidelberg Materials AG

     3,114        255,483  

Henkel AG & Co. KGaA

     2,417        170,083  

Hochtief AG

     1,044        90,209  

Infineon Technologies AG

     4,384        180,724  

Kloeckner & Co. SE

     5,720        55,665  

Mercedes-Benz Group AG

     28,048        2,254,330  

Merck KGaA

     445        73,577  

MTU Aero Engines AG

     255        66,046  

Muenchener Rueckversicherungs—Gesellschaft AG in Muenchen, Registered Shares

     1,728        647,771  

Puma SE

     1,265        76,072  

Rheinmetall AG

     316        86,465  

RWE AG

     4,827        209,966  

SAP SE

     7,523        1,027,098  

Siemens Healthineers AG(b)

     6,217        351,753  

Siltronic AG

     1,045        79,807  

Sixt SE

     779        93,233  

Stroeer SE & Co. KGaA*

     1,118        54,278  

Suedzucker AG

     3,788        67,487  

Symrise AG

     417        43,684  

Synlab AG

     2,961        29,236  

Talanx AG

     5,161        295,891  

Telefonica Deutschland Holding AG

     78,137        219,683  

United Internet AG, Registered Shares

     2,866        40,336  

Varta AG*(a)

     1,745        35,706  

Volkswagen AG

     4,244        707,958  

Wacker Chemie AG

     1,162        159,419  

Wacker Neuson SE

     6,160        149,196  
     

 

 

 
Total Germany

 

     19,035,118  
Hong Kong – 3.0%

 

AIA Group Ltd.

     96,400        973,029  

Bank of East Asia Ltd.

     67,349        92,989  

Champion REIT(a)

     174,000        63,058  

CLP Holdings Ltd.

     47,000        365,248  

Dah Sing Banking Group Ltd.

     82,000        61,004  

Fortune Real Estate Investment Trust

     58,000        41,743  

Hang Lung Properties Ltd.

     92,000        142,051  

Hang Seng Bank Ltd.

     22,800        324,401  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

Henderson Land Development Co. Ltd.

     133,000      $ 395,439  

Hong Kong & China Gas Co. Ltd.

     333,816        288,382  

Hong Kong Exchanges & Clearing Ltd.

     13,459        506,992  

Hutchison Port Holdings Trust

     430,500        83,086  

Hysan Development Co. Ltd.

     29,000        70,755  

Link REIT

     70,331        390,399  

MTR Corp. Ltd.

     126,643        581,776  

New World Development Co. Ltd.

     99,000        243,565  

PCCW Ltd.

     464,000        240,390  

Power Assets Holdings Ltd.

     79,500        416,440  

Singamas Container Holdings Ltd.

     120,000        9,800  

Sino Land Co. Ltd.

     223,858        275,088  

Sun Hung Kai Properties Ltd.

     77,500        976,093  

Swire Pacific Ltd., Class A

     16,500        126,436  

Swire Pacific Ltd., Class B

     57,500        72,420  

Swire Properties Ltd.

     113,200        278,211  

Techtronic Industries Co. Ltd.

     15,500        168,418  
     

 

 

 
Total Hong Kong

 

     7,187,213  
Indonesia – 0.0%

 

Nickel Industries Ltd.

     80,110        47,193  
Ireland – 0.3%

 

AIB Group PLC

     16,777        70,469  

CRH PLC

     8,611        474,427  

Glanbia PLC

     3,863        57,739  

Kerry Group PLC, Class A

     533        51,975  

Kingspan Group PLC

     839        55,745  

Smurfit Kappa Group PLC

     3,549        118,211  
     

 

 

 
Total Ireland

 

     828,566  
Israel – 0.7%

 

Alony Hetz Properties & Investments Ltd.

     6,910        53,739  

Amot Investments Ltd.

     11,519        60,312  

Ashtrom Group Ltd.

     2,561        35,348  

Azrieli Group Ltd.

     1,475        82,674  

Bank Hapoalim BM

     11,812        96,700  

Bank Leumi Le-Israel BM

     39,137        290,974  

Bezeq The Israeli Telecommunication Corp. Ltd.

     45,380        55,347  

Big Shopping Centers Ltd.*

     418        37,543  

Carasso Motors Ltd.

     6,172        27,592  

Delek Automotive Systems Ltd.

     4,330        33,091  

Delek Group Ltd.

     1        82  

FIBI Holdings Ltd.

     753        30,335  

First International Bank of Israel Ltd.

     1,425        55,373  

Gav-Yam Lands Corp. Ltd.

     9,154        64,407  

Harel Insurance Investments & Financial Services Ltd.

     5,135        39,907  

ICL Group Ltd.

     51,504        278,966  

Israel Discount Bank Ltd., Class A

     15,733        78,009  

Matrix IT Ltd.

     1,688        34,356  

Mivne Real Estate KD Ltd.

     13,859        33,690  

Mizrahi Tefahot Bank Ltd.

     4,872        161,877  

Phoenix Holdings Ltd.

     5,964        59,866  

Plus500 Ltd.

     3,036        56,546  

Strauss Group Ltd.*

     1,185        26,645  
     

 

 

 
Total Israel

 

     1,693,379  
Italy – 2.5%

 

A2A SpA(a)

     81,306      148,403  

ACEA SpA

     3,563        46,569  

Alerion Cleanpower SpA

     802        25,024  

Anima Holding SpA(b)

     14,045        52,221  

Assicurazioni Generali SpA

     32,427        658,736  

Azimut Holding SpA

     4,105        88,474  

Banca Generali SpA

     2,864        98,426  

Banca Mediolanum SpA

     20,108        181,689  

Banca Popolare di Sondrio SpA

     14,425        60,055  

Banco BPM SpA

     34,268        158,892  

Brembo SpA

     3,264        48,359  

Buzzi SpA(a)

     1,879        47,027  

Credito Emiliano SpA

     8,590        66,820  

Cromwell European Real Estate Investment Trust

     34,200        58,207  

Davide Campari-Milano NV

     4,255        58,910  

De’ Longhi SpA

     2,876        62,817  

DiaSorin SpA

     255        26,541  

Eni SpA

     86,566        1,244,955  

ERG SpA

     2,553        75,148  

Esprinet SpA

     1,780        10,797  

Ferrari NV

     637        208,143  

FinecoBank Banca Fineco SpA

     6,502        87,359  

Hera SpA

     28,087        83,410  

Infrastrutture Wireless Italiane SpA(b)

     10,837        142,824  

Italgas SpA(a)

     15,938        94,332  

Leonardo SpA

     4,556        51,669  

Mediobanca Banca di Credito Finanziario SpA

     23,870        285,422  

Moncler SpA

     1,564        108,079  

Piaggio & C. SpA

     13,159        54,555  

Poste Italiane SpA(a)(b)

     28,263        305,759  

Prysmian SpA(a)

     1,628        67,991  

Recordati Industria Chimica e Farmaceutica SpA

     2,241        106,966  

Snam SpA

     93,556        488,607  

Terna—Rete Elettrica Nazionale

     35,942        306,095  

Unieuro SpA(a)(b)

     2,363        25,522  

Unipol Gruppo SpA

     15,459        82,490  

UnipolSai Assicurazioni SpA(a)

     88,470        219,102  
     

 

 

 
Total Italy

 

     5,936,395  
Japan – 20.3%

 

ABC-Mart, Inc.

     700        37,810  

ADEKA Corp.

     8,800        166,551  

Advantest Corp.

     1,200        158,993  

Aeon Co. Ltd.

     3,500        71,242  

Aeon Mall Co. Ltd.(a)

     5,000        64,379  

AGC, Inc.(a)

     3,400        121,453  

Aica Kogyo Co. Ltd.(a)

     2,200        48,053  

Air Water, Inc.

     3,000        41,378  

Aisin Corp.

     3,700        113,328  

Ajinomoto Co., Inc.

     2,900        114,848  

Akita Bank Ltd.

     1,500        17,342  

Alfresa Holdings Corp.

     3,600        53,651  

Amada Co. Ltd.

     10,500        102,650  

Aozora Bank Ltd.(a)

     4,000        74,017  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

Asahi Group Holdings Ltd.

     4,300      $ 165,830  

Asahi Kasei Corp.

     13,000        87,425  

Astellas Pharma, Inc.

     16,900        251,275  

Autobacs Seven Co. Ltd.

     12,500        132,321  

Azbil Corp.

     1,000        31,349  

Bandai Namco Holdings, Inc.

     8,500        195,306  

BayCurrent Consulting, Inc.

     1,000        37,140  

Bridgestone Corp.

     7,400        301,663  

Brother Industries Ltd.

     2,700        39,220  

Canon Marketing Japan, Inc.

     3,800        93,991  

Canon, Inc.(a)

     14,800        388,086  

Capcom Co. Ltd.

     1,200        47,283  

Casio Computer Co. Ltd.(a)

     4,100        33,501  

Central Japan Railway Co.

     600        74,971  

Chiba Bank Ltd.(a)

     11,800        71,346  

Chubu Electric Power Co., Inc.

     15,000        182,343  

Chugai Pharmaceutical Co. Ltd.(a)

     17,700        500,378  

Coca-Cola Bottlers Japan Holdings, Inc.(a)

     5,300        55,884  

COMSYS Holdings Corp.

     3,300        64,945  

Concordia Financial Group Ltd.

     20,600        80,185  

Cosmo Energy Holdings Co. Ltd.

     2,400        65,258  

Dai Nippon Printing Co. Ltd.

     2,400        67,715  

Dai-ichi Life Holdings, Inc.

     12,800        242,477  

Daicel Corp.

     6,100        54,275  

Daifuku Co. Ltd.

     2,100        42,753  

Daiichi Sankyo Co. Ltd.

     4,300        135,365  

Daikin Industries Ltd.

     900        182,229  

Daito Trust Construction Co. Ltd.

     1,200        121,092  

Daiwa House Industry Co. Ltd.

     7,300        191,522  

Daiwa Securities Group, Inc.

     26,600        136,244  

Denka Co. Ltd.

     1,600        30,027  

Denso Corp.

     6,400        427,080  

Dentsu Group, Inc.(a)

     2,600        84,781  

DIC Corp.(a)

     3,100        56,001  

Disco Corp.

     1,400        219,006  

Doshisha Co. Ltd.

     11,700        187,398  

Earth Corp.

     3,100        108,527  

East Japan Railway Co.

     1,500        82,890  

Ebara Corp.(a)

     1,300        61,728  

Ehime Bank Ltd.

     3,400        18,937  

Eisai Co. Ltd.

     2,100        141,283  

Electric Power Development Co. Ltd., Class C

     2,700        39,584  

ENEOS Holdings, Inc.

     70,500        241,154  

Exedy Corp.(a)

     12,400        207,446  

EXEO Group, Inc.

     3,800        75,955  

FANUC Corp.

     8,200        285,484  

Fast Retailing Co. Ltd.

     800        203,245  

FIDEA Holdings Co. Ltd.

     3,300        31,257  

FUJIFILM Holdings Corp.

     2,800        165,460  

Fujimi, Inc.(a)

     2,400        58,699  

Fujitsu Ltd.

     1,000        128,654  

Fukuoka Financial Group, Inc.

     3,200        65,822  

Gunma Bank Ltd.

     12,400        45,333  

Hachijuni Bank Ltd.

     16,100        69,553  

Hakudo Co. Ltd.(a)

     900      14,571  

Hakuhodo DY Holdings, Inc.

     4,100        42,891  

Hamamatsu Photonics KK

     900        43,750  

Hankyu Hanshin Holdings, Inc.

     1,800        59,217  

Haseko Corp.

     4,700        57,655  

Hazama Ando Corp.

     4,200        31,238  

Heiwa Corp.

     8,500        147,200  

Hirogin Holdings, Inc.

     15,700        88,637  

Hirose Electric Co. Ltd.

     500        65,987  

Hitachi Construction Machinery Co. Ltd.

     2,800        78,032  

Hitachi Ltd.

     6,000        369,295  

Hokkaido Gas Co. Ltd.

     10,700        174,120  

Honda Motor Co. Ltd.

     21,500        645,736  

Horiba Ltd.(a)

     2,300        130,981  

Hoya Corp.

     1,100        129,951  

Hulic Co. Ltd.(a)

     9,700        82,615  

Hyakujushi Bank Ltd.

     1,300        16,649  

Idemitsu Kosan Co. Ltd.(a)

     6,700        133,782  

IHI Corp.

     2,900        78,010  

Iida Group Holdings Co. Ltd.

     3,200        53,712  

Inaba Denki Sangyo Co. Ltd.

     6,300        142,751  

INFRONEER Holdings, Inc.

     9,100        85,312  

Inpex Corp.

     18,800        207,856  

Internet Initiative Japan, Inc.

     1,600        29,894  

Isuzu Motors Ltd.

     11,800        142,056  

ITOCHU Corp.(a)

     17,700        696,440  

Itochu Techno-Solutions Corp.

     2,200        55,344  

Itoham Yonekyu Holdings, Inc.

     30,800        154,282  

Japan Exchange Group, Inc.

     4,800        83,291  

Japan Metropolitan Fund Invest

     162        107,936  

Japan Post Holdings Co. Ltd.

     59,400        425,974  

Japan Post Insurance Co. Ltd.

     5,200        77,945  

Japan Tobacco, Inc.(a)

     40,000        872,591  

K’s Holdings Corp.

     5,700        49,513  

Kajima Corp.

     9,500        142,630  

Kaken Pharmaceutical Co. Ltd.(a)

     4,100        102,177  

Kamigumi Co. Ltd.

     2,700        60,899  

Kansai Electric Power Co., Inc.

     14,100        176,134  

Kao Corp.(a)

     3,900        140,690  

Kawasaki Kisen Kaisha Ltd.(a)

     10,200        248,340  

KDDI Corp.

     32,900        1,012,938  

Keyence Corp.

     330        154,914  

Ki-Star Real Estate Co. Ltd.

     600        20,507  

Kikkoman Corp.

     800        45,343  

Kirin Holdings Co. Ltd.(a)

     9,300        135,220  

Kobayashi Pharmaceutical Co. Ltd.

     500        27,056  

Kobe Steel Ltd.

     12,200        111,462  

Koei Tecmo Holdings Co. Ltd.(a)

     3,000        51,590  

Kokuyo Co. Ltd.(a)

     11,900        162,649  

Komatsu Ltd.

     13,100        351,756  

Konami Group Corp.

     1,200        62,443  

Kuraray Co. Ltd.(a)

     6,800        65,796  

Kurita Water Industries Ltd.(a)

     1,000        38,012  

Kyowa Kirin Co. Ltd.(a)

     4,500        82,942  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

Kyushu Railway Co.

     2,200      $ 47,140  

LIKE, Inc.

     2,100        24,453  

Lintec Corp.

     2,900        45,566  

M3, Inc.

     1,100        23,661  

Macnica Holdings, Inc.

     3,000        123,292  

Marubeni Corp.

     44,400        749,549  

Marui Group Co. Ltd.

     2,600        45,116  

Maruichi Steel Tube Ltd.

     2,500        56,993  

Matsui Securities Co. Ltd.

     100        549  

Mazda Motor Corp.

     10,400        100,269  

Mebuki Financial Group, Inc.

     25,200        59,559  

Medipal Holdings Corp.

     3,100        50,424  

Meitec Corp.

     1,900        32,522  

MISUMI Group, Inc.

     1,200        23,820  

Mitsubishi Chemical Group Corp.

     25,800        154,084  

Mitsubishi Corp.

     28,600        1,371,280  

Mitsubishi Electric Corp.

     18,700        262,254  

Mitsubishi Estate Co. Ltd.

     9,500        112,395  

Mitsubishi Gas Chemical Co., Inc.

     3,200        46,284  

Mitsubishi Heavy Industries Ltd.(a)

     2,600        120,722  

Mitsubishi Logistics Corp.

     2,300        56,476  

Mitsubishi UFJ Financial Group, Inc.

     189,000        1,392,638  

Mitsuboshi Belting Ltd.

     1,400        42,668  

Mitsui & Co. Ltd.

     30,300        1,134,350  

Mitsui Chemicals, Inc.

     2,300        67,297  

Mitsui Fudosan Co. Ltd.

     5,900        116,767  

Mitsui OSK Lines Ltd.(a)

     18,000        430,401  

MIXI, Inc.

     2,400        44,418  

Miyazaki Bank Ltd.

     1,100        17,725  

Mizuho Financial Group, Inc.

     41,450        630,633  

Mizuho Medy Co. Ltd.(a)

     2,000        29,280  

MS&AD Insurance Group Holdings, Inc.

     9,300        327,898  

Murata Manufacturing Co. Ltd.

     3,900        222,233  

NEC Corp.

     1,100        53,008  

NGK Insulators Ltd.

     4,400        52,178  

NH Foods Ltd.

     3,500        94,465  

NHK Spring Co. Ltd.

     7,200        52,231  

Nichias Corp.

     3,600        74,473  

Nihon Parkerizing Co. Ltd.

     20,400        150,881  

Nikon Corp.

     3,600        46,266  

Nintendo Co. Ltd.

     14,200        642,726  

Nippn Corp.

     13,100        167,041  

Nippon Carbon Co. Ltd.

     2,400        72,149  

Nippon Electric Glass Co. Ltd.(a)

     2,300        40,268  

Nippon Express Holdings, Inc.(a)

     1,200        67,283  

Nippon Gas Co. Ltd.

     2,800        39,161  

Nippon Kayaku Co. Ltd.

     5,200        44,180  

Nippon Sanso Holdings Corp.

     2,800        60,287  

Nippon Shinyaku Co. Ltd.

     500        20,320  

Nippon Shokubai Co. Ltd.

     1,100        40,869  

Nippon Steel Corp.

     26,600        552,852  

Nippon Telegraph & Telephone Corp.

     1,277,500        1,506,997  

Nippon Yusen KK(a)

     25,800        569,426  

Nishimatsu Construction Co. Ltd.(a)

     1,400        33,902  

Nissan Chemical Corp.

     1,100      46,950  

Nissan Motor Co. Ltd.

     19,800        80,578  

Nisshin Seifun Group, Inc.

     3,900        48,016  

Nisshinbo Holdings, Inc.(a)

     3,300        27,170  

Nissin Foods Holdings Co. Ltd.

     800        65,922  

Niterra Co. Ltd.

     5,000        99,734  

Nitta Corp.

     5,700        120,282  

Nitto Denko Corp.

     2,100        154,447  

Noevir Holdings Co. Ltd.

     3,000        113,537  

NOF Corp.(a)

     900        38,376  

NOK Corp.

     4,800        69,724  

Nomura Holdings, Inc.

     48,300        182,861  

Nomura Real Estate Holdings, Inc.

     3,300        77,948  

Nomura Research Institute Ltd.

     2,300        63,032  

NSD Co. Ltd.

     8,100        161,681  

NSK Ltd.

     11,800        74,898  

NTT Data Corp.

     4,300        59,709  

Obayashi Corp.

     14,100        121,357  

Obic Co. Ltd.

     800        127,526  

Oji Holdings Corp.

     12,100        45,006  

Okinawa Cellular Telephone Co.

     5,400        112,084  

Okumura Corp.

     1,200        33,791  

Olympus Corp.

     2,700        42,330  

Ono Pharmaceutical Co. Ltd.

     5,800        104,575  

Open House Group Co. Ltd.

     1,300        46,474  

Oracle Corp.

     900        66,565  

Osaka Gas Co. Ltd.

     2,900        44,292  

Otsuka Corp.

     1,400        54,117  

Otsuka Holdings Co. Ltd.(a)

     3,500        127,640  

Panasonic Holdings Corp.

     23,100        280,249  

Persol Holdings Co. Ltd.

     1,600        28,660  

Pola Orbis Holdings, Inc.(a)

     2,700        39,136  

Prima Meat Packers Ltd.

     10,600        159,145  

Recruit Holdings Co. Ltd.

     3,100        97,868  

Resona Holdings, Inc.

     29,800        142,325  

Resonac Holdings Corp.

     2,200        35,405  

Ricoh Co. Ltd.

     6,000        50,749  

Rohm Co. Ltd.

     700        65,479  

Ryohin Keikaku Co. Ltd.

     3,800        37,399  

Sangetsu Corp.

     4,800        82,460  

Sanki Engineering Co. Ltd.

     13,300        139,225  

Sanshin Electronics Co. Ltd.(a)

     1,200        17,792  

Santen Pharmaceutical Co. Ltd.

     10,300        87,333  

Sanwa Holdings Corp.

     5,200        67,116  

SBI Holdings, Inc.(a)

     9,800        187,714  

SCREEN Holdings Co. Ltd.

     700        78,652  

Scroll Corp.

     7,000        46,833  

SCSK Corp.

     2,600        40,646  

Secom Co. Ltd.

     1,500        101,072  

Sega Sammy Holdings, Inc.

     3,200        68,014  

Seiko Epson Corp.

     4,500        69,710  

Sekisui Chemical Co. Ltd.

     4,300        61,643  

Sekisui House Ltd.

     9,900        199,014  

Senshu Ikeda Holdings, Inc.(a)

     25,300        40,785  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

Seven & I Holdings Co. Ltd.

     5,300      $ 227,533  

Seven Bank Ltd.

     20,900        40,937  

SG Holdings Co. Ltd.

     5,700        80,747  

Shimadzu Corp.

     1,200        36,763  

Shimamura Co. Ltd.

     500        47,117  

Shimano, Inc.

     400        66,309  

Shin-Etsu Chemical Co. Ltd.

     22,800        752,139  

Shinko Electric Industries Co. Ltd.(a)

     1,000        40,488  

Shinnihon Corp.

     9,700        85,098  

Shionogi & Co. Ltd.

     1,800        75,594  

Shiseido Co. Ltd.

     1,600        71,877  

SKY Perfect JSAT Holdings, Inc.

     9,900        39,111  

SMC Corp.

     300        164,970  

SoftBank Corp.

     135,300        1,441,602  

Sojitz Corp.

     6,180        135,842  

Sompo Holdings, Inc.

     6,200        277,066  

Square Enix Holdings Co. Ltd.

     1,600        74,036  

Stanley Electric Co. Ltd.(a)

     1,600        32,114  

Subaru Corp.

     7,400        138,390  

SUMCO Corp.

     3,700        51,915  

Sumitomo Bakelite Co. Ltd.

     900        37,156  

Sumitomo Chemical Co. Ltd.

     27,000        81,541  

Sumitomo Corp.

     35,000        736,396  

Sumitomo Electric Industries Ltd.

     9,000        109,406  

Sumitomo Forestry Co. Ltd.(a)

     5,300        127,719  

Sumitomo Heavy Industries Ltd.(a)

     2,300        54,709  

Sumitomo Metal Mining Co. Ltd.

     6,600        211,469  

Sumitomo Mitsui Financial Group, Inc.

     23,300        992,872  

Sumitomo Mitsui Trust Holdings, Inc.

     5,100        180,415  

Sumitomo Pharma Co. Ltd.

     8,000        35,369  

Sumitomo Realty & Development Co. Ltd.

     1,900        46,706  

Sumitomo Rubber Industries Ltd.

     3,000        28,934  

Suncall Corp.

     2,400        8,734  

Sundrug Co. Ltd.

     3,600        106,305  

Suntory Beverage & Food Ltd.(a)

     1,600        57,697  

Suzuki Motor Corp.

     3,000        107,953  

T&D Holdings, Inc.

     10,100        147,131  

Taiheiyo Cement Corp.

     1,800        35,362  

Taisei Corp.

     2,400        83,374  

Taiyo Yuden Co. Ltd.

     1,300        36,760  

Takara Holdings, Inc.

     15,900        128,544  

Takeda Pharmaceutical Co. Ltd.

     24,800        776,764  

Tama Home Co. Ltd.

     900        20,580  

TDK Corp.

     3,400        130,957  

Teijin Ltd.

     3,200        31,915  

Terumo Corp.

     2,500        78,908  

THK Co. Ltd.(a)

     2,000        40,751  

TIS, Inc.

     2,000        49,690  

Toagosei Co. Ltd.(a)

     7,400        65,944  

Toho Co. Ltd.

     800        30,282  

Toho Gas Co. Ltd.

     1,500        25,867  

TOKAI Holdings Corp.

     3,900        24,312  

Tokai Tokyo Financial Holdings, Inc.

     58,500        154,613  

Tokio Marine Holdings, Inc.

     36,200        830,269  

Tokyo Electron Device Ltd.

     800      58,283  

Tokyo Electron Ltd.

     6,300        896,170  

Tokyo Gas Co. Ltd.

     5,600        121,775  

Tokyo Ohka Kogyo Co. Ltd.

     700        42,479  

Tokyo Seimitsu Co. Ltd.

     1,300        71,325  

Tokyo Tatemono Co. Ltd.(a)

     4,100        52,493  

Tokyu Fudosan Holdings Corp.

     12,400        70,624  

Toray Industries, Inc.

     14,000        77,529  

Tosoh Corp.

     10,900        128,129  

TOTO Ltd.

     1,200        35,908  

Toyo Seikan Group Holdings Ltd.

     6,400        93,741  

Toyo Tire Corp.(a)

     4,000        52,707  

Toyota Motor Corp.

     146,870        2,345,794  

Toyota Tsusho Corp.

     3,900        192,632  

Transcosmos, Inc.(a)

     2,000        49,331  

Trend Micro, Inc.

     1,800        86,491  

Tsubakimoto Chain Co.

     5,400        136,929  

UBE Corp.

     2,800        47,860  

Unicharm Corp.

     2,000        73,906  

USS Co. Ltd.

     4,300        70,747  

V Technology Co. Ltd.(a)

     800        13,395  

West Japan Railway Co.

     1,500        62,165  

Yakult Honsha Co. Ltd.

     1,000        62,995  

YAMABIKO Corp.(a)

     2,400        25,854  

Yamada Holdings Co. Ltd.(a)

     14,900        43,751  

Yamaha Motor Co. Ltd.(a)

     5,600        159,707  

Yamanashi Chuo Bank Ltd.(a)

     3,400        29,193  

Yamato Holdings Co. Ltd.

     3,400        61,232  

Yaskawa Electric Corp.

     1,900        86,538  

Yokogawa Electric Corp.

     1,700        31,175  

Yokohama Rubber Co. Ltd.(a)

     2,300        50,126  

Yokorei Co. Ltd.

     14,100        114,138  

ZOZO, Inc.

     2,400        49,333  
     

 

 

 
Total Japan

 

     49,031,315  
Netherlands – 2.0%

 

Aalberts NV(a)

     1,906        80,121  

Aegon NV

     31,550        159,369  

Arcadis NV

     953        39,801  

ASM International NV

     201        85,162  

ASML Holding NV

     1,279        925,143  

ASR Nederland NV

     3,910        175,922  

BE Semiconductor Industries NV(a)

     1,685        182,547  

CTP NV(b)

     6,063        78,715  

Euronext NV(b)

     867        58,929  

Ferrovial SE

     5,848        184,834  

Heineken Holding NV

     1,701        147,814  

Heineken NV

     4,070        418,194  

IMCD NV

     253        36,352  

JDE Peet’s NV

     4,089        121,610  

Koninklijke Ahold Delhaize NV

     10,449        356,360  

Koninklijke KPN NV

     90,194        321,675  

Koninklijke Vopak NV

     2,956        105,425  

NN Group NV(a)

     5,656        209,248  

OCI NV*

     10,625        254,674  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

Ordina NV

     2,820      $ 17,444  

Randstad NV

     5,458        287,671  

SBM Offshore NV

     3,894        53,359  

Signify NV(b)

     2,832        79,313  

Universal Music Group NV(a)

     11,444        254,078  

Wolters Kluwer NV

     1,694        214,940  
     

 

 

 
Total Netherlands

 

     4,848,700  
Norway – 1.8%

 

ABG Sundal Collier Holding ASA

     20,939        10,183  

AF Gruppen ASA

     5,500        68,278  

Aker ASA, Class A

     1,073        60,943  

Aker BP ASA

     11,948        280,813  

Bouvet ASA

     7,287        44,143  

DNB Bank ASA

     35,841        671,420  

DNO ASA(a)

     51,128        45,122  

Entra ASA(b)

     5,839        53,030  

Equinor ASA

     33,281        969,520  

Europris ASA(b)

     5,716        38,201  

Gjensidige Forsikring ASA

     8,420        135,021  

Kid ASA(b)

     3,362        23,661  

Kongsberg Gruppen ASA

     1,989        90,636  

Leroy Seafood Group ASA

     10,807        41,075  

Mowi ASA

     6,691        106,296  

MPC Container Ships ASA

     29,378        50,208  

Norsk Hydro ASA

     36,433        216,961  

Orkla ASA

     11,971        86,149  

Salmar ASA

     2,552        103,118  

SpareBank 1 SMN

     7,914        104,155  

SpareBank 1 SR-Bank ASA

     9,029        109,644  

Storebrand ASA

     5,636        44,010  

Telenor ASA

     67,081        681,232  

TGS ASA

     2,318        34,553  

Wallenius Wilhelmsen ASA

     5,799        40,244  

Yara International ASA

     4,926        174,261  
     

 

 

 
Total Norway

 

     4,282,877  
Portugal – 0.4%

 

EDP – Energias de Portugal SA

     52,887        258,264  

Galp Energia SGPS SA

     13,946        163,106  

Jeronimo Martins SGPS SA

     9,631        265,207  

Navigator Co. SA

     19,499        66,033  

NOS SGPS SA

     18,689        66,389  

REN – Redes Energeticas Nacionais SGPS SA

     17,544        47,756  

Sonae SGPS SA

     76,638        75,334  
     

 

 

 
Total Portugal

 

     942,089  
Singapore – 2.7%

 

BOC Aviation Ltd.(b)

     10,500        84,881  

CapitaLand Ascendas REIT

     109,900        220,880  

CapitaLand Ascott Trust

     94,482        75,398  

CapitaLand Integrated Commercial Trust

     172,100        242,887  

CapitaLand Investment Ltd.

     93,200        227,947  

City Developments Ltd.

     15,700        77,958  

ComfortDelGro Corp. Ltd.

     31,900        27,343  

DBS Group Holdings Ltd.

     49,263        1,146,989  

Frasers Centrepoint Trust

     33,800      54,695  

Frasers Logistics & Commercial Trust

     147,600        136,328  

Genting Singapore Ltd.

     112,800        78,348  

Hour Glass Ltd.

     22,100        32,660  

Jardine Cycle & Carriage Ltd.

     8,400        215,997  

Kenon Holdings Ltd.

     2,091        48,740  

Keppel Corp. Ltd.

     34,600        171,549  

Keppel DC REIT

     50,900        81,238  

Keppel Infrastructure Trust

     139,635        52,620  

Keppel REIT

     123,200        81,930  

Mapletree Industrial Trust

     79,100        129,169  

Mapletree Logistics Trust

     88,100        105,458  

Mapletree Pan Asia Commercial Trust

     95,600        114,436  

NetLink NBN Trust

     97,000        61,281  

Olam Group Ltd.

     99,000        101,681  

OUE Commercial Real Estate Investment Trust

     217,300        52,986  

Oversea-Chinese Banking Corp. Ltd.

     94,301        855,667  

PARAGON REIT

     131,300        92,653  

Parkway Life Real Estate Investment Trust

     12,600        36,310  

Propnex Ltd.

     63,600        47,464  

Sembcorp Industries Ltd.

     32,700        138,933  

Sheng Siong Group Ltd.

     31,400        38,051  

Singapore Exchange Ltd.

     17,200        122,135  

Singapore Technologies Engineering Ltd.

     44,700        121,547  

Singapore Telecommunications Ltd.

     291,100        537,740  

StarHub Ltd.

     80,100        61,554  

Suntec Real Estate Investment Trust

     91,400        87,122  

United Overseas Bank Ltd.

     34,228        708,157  

UOL Group Ltd.

     11,300        53,605  

Venture Corp. Ltd.

     5,600        60,868  
     

 

 

 
Total Singapore

 

     6,585,205  
Spain – 4.0%

 

Acciona SA(a)

     635        107,659  

Acerinox SA

     7,940        84,234  

ACS Actividades de Construccion y Servicios SA(a)

     11,106        389,793  

Atresmedia Corp. de Medios de Comunicacion SA(a)

     22,457        85,556  

Banco Bilbao Vizcaya Argentaria SA

     111,809        857,789  

Banco de Sabadell SA

     77,150        88,716  

Banco Santander SA

     212,288        783,987  

Bankinter SA(a)

     17,892        109,898  

CaixaBank SA

     103,540        427,788  

Cia de Distribucion Integral Logista Holdings SA

     5,335        143,650  

Cie Automotive SA(a)

     1,378        42,095  

Corp. ACCIONA Energias Renovables SA(a)

     1,094        36,547  

EDP Renovaveis SA

     1,918        38,283  

Enagas SA(a)

     9,382        184,244  

Endesa SA(a)

     45,581        977,173  

Fluidra SA(a)

     4,376        85,124  

Fomento de Construcciones y Contratas SA*(a)

     7,441        95,956  

Grupo Catalana Occidente SA

     2,104        64,617  

Iberdrola SA

     85,831        1,119,018  

Industria de Diseno Textil SA

     37,762        1,460,894  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

Linea Directa Aseguradora SA Cia de Seguros y Reaseguros(a)

     39,211      $ 35,293  

Mapfre SA(a)

     84,313        167,322  

Merlin Properties Socimi SA

     24,899        212,972  

Naturgy Energy Group SA(a)

     21,100        627,528  

Neinor Homes SA*(b)

     2,546        25,638  

Prosegur Cash SA(a)(b)

     38,741        25,106  

Prosegur Cia de Seguridad SA

     18,021        32,008  

Redeia Corp. SA(a)

     8,302        139,349  

Repsol SA

     24,114        350,691  

Sacyr SA(a)

     19,191        65,492  

Telefonica SA

     162,303        658,002  

Viscofan SA

     740        51,105  
     

 

 

 
Total Spain

 

     9,573,527  
Sweden – 2.4%

 

AAK AB

     1,979        37,157  

AFRY AB

     6,177        91,043  

Alfa Laval AB

     2,864        104,205  

Assa Abloy AB, Class B

     5,371        128,789  

Atlas Copco AB, Class A

     18,623        267,932  

Atlas Copco AB, Class B

     7,743        96,238  

Atrium Ljungberg AB, Class B

     2,284        39,458  

Avanza Bank Holding AB(a)

     2,791        56,718  

Axfood AB

     2,968        62,705  

Billerud AB

     3,944        29,927  

Boliden AB*

     3,973        114,596  

Clas Ohlson AB, Class B(a)

     3,097        23,196  

Dios Fastigheter AB

     4,338        27,651  

Dometic Group AB(b)

     7,226        47,499  

Elekta AB, Class B(a)

     5,669        43,741  

Epiroc AB, Class A

     6,095        115,057  

EQT AB

     3,808        73,119  

Essity AB, Class B

     6,610        175,695  

Evolution AB(b)

     1,115        140,989  

FastPartner AB, Class A

     4,796        17,983  

Hexagon AB, Class B

     9,215        113,254  

Hexpol AB

     6,158        65,164  

Holmen AB, Class B

     950        34,073  

Hufvudstaden AB, Class A(a)

     2,744        32,543  

Husqvarna AB, Class B(a)

     12,366        111,784  

Industrivarden AB, Class A

     3,183        88,052  

Industrivarden AB, Class C(a)

     1,801        49,555  

Indutrade AB

     2,414        54,286  

Investment AB Latour, Class B

     2,828        55,977  

JM AB

     1,795        23,881  

L E Lundbergforetagen AB, Class B

     507        21,536  

Lifco AB, Class B

     5,873        127,396  

Loomis AB

     1,284        37,398  

Nordic Paper Holding AB

     7,768        22,366  

Nordnet AB publ

     4,757        63,551  

Saab AB, Class B

     650        35,096  

Sandvik AB

     9,054        176,196  

Securitas AB, Class B

     5,925        48,524  

Skandinaviska Enskilda Banken AB, Class A

     27,436        302,649  

Skandinaviska Enskilda Banken AB, Class C(a)

     3,555      41,470  

SKF AB, Class B

     5,415        94,049  

SSAB AB, Class A

     13,092        92,869  

SSAB AB, Class B

     34,909        241,425  

Svenska Cellulosa AB SCA, Class B

     3,936        50,087  

Svenska Handelsbanken AB, Class A

     27,862        233,032  

Sweco AB, Class B

     4,583        50,365  

Swedbank AB, Class A

     29,422        495,347  

Tele2 AB, Class B

     15,916        131,321  

Telefonaktiebolaget LM Ericsson, Class B

     45,411        245,568  

Telia Co. AB

     128,165        280,624  

Thule Group AB(a)(b)

     4,135        121,394  

Trelleborg AB, Class B(a)

     2,275        55,057  

Volvo AB, Class A

     5,007        106,432  

Volvo AB, Class B

     15,160        312,988  

Wihlborgs Fastigheter AB

     8,240        59,504  
     

 

 

 
Total Sweden

 

     5,768,511  
Switzerland – 9.4%

 

ABB Ltd., Registered Shares

     17,925        704,858  

Alcon, Inc.

     892        73,881  

Allreal Holding AG, Registered Shares

     275        46,476  

Baloise Holding AG, Registered Shares

     1,447        212,525  

Banque Cantonale Vaudoise, Registered Shares(a)

     1,734        183,159  

BKW AG

     399        70,466  

Cembra Money Bank AG

     552        45,781  

Cie Financiere Richemont SA, Class A, Registered Shares

     3,690        625,483  

Clariant AG, Registered Shares*

     2,603        37,591  

Coca-Cola HBC AG*

     3,506        104,525  

DKSH Holding AG

     909        67,617  

DSM-Firmenich AG*

     1,123        120,829  

EFG International AG*

     6,908        70,111  

Galenica AG(b)

     739        59,680  

Geberit AG, Registered Shares

     319        166,908  

Georg Fischer AG, Registered Shares

     723        54,266  

Givaudan SA, Registered Shares

     60        198,849  

Helvetia Holding AG, Registered Shares

     1,593        215,451  

Holcim AG, Registered Shares*

     9,626        647,723  

Julius Baer Group Ltd.

     4,060        255,676  

Kuehne & Nagel International AG, Registered Shares

     1,710        505,938  

Logitech International SA, Registered Shares

     954        56,772  

Lonza Group AG, Registered Shares

     139        82,873  

Mobilezone Holding AG, Registered Shares

     2,651        40,655  

Nestle SA, Registered Shares

     32,996        3,968,445  

Novartis AG, Registered Shares

     45,166        4,543,609  

OC Oerlikon Corp. AG, Registered Shares

     8,464        42,157  

Partners Group Holding AG

     295        277,507  

PSP Swiss Property AG, Registered Shares

     676        75,485  

Roche Holding AG

     9,184        2,807,605  

Roche Holding AG, Bearer Shares

     1,257        412,513  

Schindler Holding AG, Participation Certificate

     658        154,231  

Schindler Holding AG, Registered Shares

     284        63,806  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

SFS Group AG

     480      $ 63,202  

SGS SA, Registered Shares

     3,258        307,938  

SIG Group AG*

     3,239        89,352  

Sika AG, Registered Shares

     610        174,344  

Sonova Holding AG, Registered Shares

     363        96,649  

Stadler Rail AG

     1,062        41,499  

STMicroelectronics NV

     2,936        145,953  

Straumann Holding AG, Registered Shares

     586        95,074  

Sulzer AG, Registered Shares

     933        80,196  

Swatch Group AG, Bearer Shares

     228        66,541  

Swatch Group AG, Registered Shares

     1,032        56,696  

Swiss Life Holding AG, Registered Shares

     497        290,539  

Swiss Prime Site AG, Registered Shares

     1,046        90,786  

Swiss Re AG

     7,634        768,306  

Swisscom AG, Registered Shares

     1,172        730,723  

Temenos AG, Registered Shares

     504        40,077  

UBS Group AG, Registered Shares

     33,194        671,375  

VAT Group AG(b)

     314        129,861  

Vontobel Holding AG, Registered Shares(a)

     1,302        82,517  

Zurich Insurance Group AG

     3,452        1,639,473  
     

 

 

 
Total Switzerland

 

     22,654,552  
United Kingdom – 12.6%

 

Airtel Africa PLC(b)

     61,452        84,221  

Anglo American PLC

     34,036        966,257  

Ashtead Group PLC

     2,419        167,425  

Associated British Foods PLC

     7,574        191,718  

Assura PLC

     60,024        34,645  

AstraZeneca PLC

     12,486        1,789,962  

Auto Trader Group PLC(b)

     4,771        37,025  

Aviva PLC

     58,231        292,575  

BAE Systems PLC

     30,484        359,267  

Balfour Beatty PLC

     13,303        57,639  

Barclays PLC

     212,171        413,733  

Beazley PLC

     6,741        50,478  

Bodycote PLC

     15,922        129,754  

BP PLC

     269,557        1,570,772  

Bridgepoint Group PLC(b)(c)

     13,928        35,875  

British American Tobacco PLC

     48,931        1,622,397  

British Land Co. PLC

     17,304        66,614  

Britvic PLC

     7,992        86,975  

BT Group PLC(a)

     192,620        299,620  

Bunzl PLC

     3,079        117,396  

Burberry Group PLC

     4,225        113,875  

Close Brothers Group PLC

     4,431        49,658  

CNH Industrial NV

     8,278        119,258  

Compass Group PLC

     8,047        225,277  

ConvaTec Group PLC(b)

     18,700        48,785  

Cranswick PLC

     1,469        60,623  

Croda International PLC

     778        55,647  

DCC PLC

     880        49,204  

Derwent London PLC

     2,854        74,383  

Diageo PLC

     21,674        931,092  

Diploma PLC

     1,178        44,690  

Diversified Energy Co. PLC

     42,743        48,038  

Drax Group PLC

     8,159      60,163  

DS Smith PLC

     25,642        88,607  

Dunelm Group PLC

     4,774        68,038  

FDM Group Holdings PLC

     3,018        21,525  

Fresnillo PLC

     7,688        59,642  

Games Workshop Group PLC

     817        113,425  

Grainger PLC

     9,007        26,017  

Greggs PLC

     1,737        56,401  

H&T Group PLC

     3,431        18,975  

Halma PLC

     1,427        41,310  

Harbour Energy PLC

     15,947        46,347  

Hargreaves Lansdown PLC

     6,810        70,614  

Howden Joinery Group PLC

     16,906        138,074  

HSBC Holdings PLC

     494,894        3,911,636  

Hunting PLC

     4,855        12,308  

IMI PLC

     3,113        64,907  

Imperial Brands PLC

     30,997        685,109  

Inchcape PLC

     6,405        63,312  

InterContinental Hotels Group PLC

     2,168        149,777  

Intertek Group PLC

     1,948        105,627  

Investec PLC

     13,816        77,426  

ITV PLC

     106,416        92,404  

J. Sainsbury PLC

     48,137        164,625  

Kingfisher PLC

     44,292        130,472  

Land Securities Group PLC

     13,811        100,822  

Legal & General Group PLC

     146,035        422,009  

Lloyds Banking Group PLC

     1,052,977        583,541  

London Stock Exchange Group PLC

     2,094        222,720  

Londonmetric Property PLC

     39,288        82,615  

Mondi PLC

     6,404        97,619  

National Grid PLC

     92,260        1,220,453  

Next PLC

     1,719        150,796  

OSB Group PLC

     15,637        95,425  

Pagegroup PLC

     13,638        69,632  

Pan African Resources PLC

     112,226        17,863  

Pearson PLC

     6,276        65,587  

Pennon Group PLC

     6,308        57,020  

Primary Health Properties PLC(a)

     37,781        45,847  

Prudential PLC

     17,024        239,918  

Quilter PLC(b)

     39,921        40,197  

Reckitt Benckiser Group PLC

     9,945        747,489  

RELX PLC

     19,546        651,314  

Rentokil Initial PLC

     10,283        80,401  

Rightmove PLC

     6,617        44,014  

RS Group PLC

     5,284        51,069  

Safestore Holdings PLC

     4,381        47,287  

Sage Group PLC

     10,589        124,500  

Savills PLC

     2,337        25,284  

Schroders PLC

     19,137        106,394  

Segro PLC

     11,146        101,574  

Serco Group PLC

     14,858        29,411  

Severn Trent PLC

     2,666        86,973  

Shell PLC

     132,871        3,957,083  

Smith & Nephew PLC

     7,934        127,902  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

 

 

Investments    Shares      Value  

Smiths Group PLC

     4,252      $ 88,871  

Spectris PLC

     1,253        57,268  

Spirax-Sarco Engineering PLC

     365        48,098  

SSE PLC

     17,318        405,338  

St. James’s Place PLC

     8,007        110,704  

Standard Chartered PLC

     19,350        168,022  

TBC Bank Group PLC

     2,209        69,368  

Tesco PLC

     108,306        342,034  

Travis Perkins PLC

     9,898        102,231  

Tritax Big Box REIT PLC

     44,629        70,924  

Unilever PLC

     30,572        1,592,605  

Unite Group PLC

     7,549        83,498  

United Utilities Group PLC

     9,139        111,727  

Vesuvius PLC

     16,292        82,520  

Victrex PLC

     1,511        26,740  

Vodafone Group PLC

     705,062        663,053  

Weir Group PLC

     2,893        64,586  

Whitbread PLC

     2,644        113,819  
     

 

 

 
Total United Kingdom

 

     30,355,784  
United States – 1.1%

 

GSK PLC

     80,710        1,425,058  

Stellantis NV

     74,837        1,313,703  
     

 

 

 
Total United States

 

     2,738,761  

TOTAL COMMON STOCKS

(Cost: $213,563,132)

 

 

     240,109,276  
RIGHTS – 0.0%

 

Australia – 0.0%

 

Abacus Property Group, expiring 7/27/23*

     7,060        0  
Spain – 0.0%

 

Sacyr SA, expiring 7/4/23*(a)

     19,191        1,719  

TOTAL RIGHTS

(Cost: $1,635)

 

 

     1,719  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.9%

 

United States – 3.9%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.11%(d)

 

  
(Cost: $9,287,088)      9,287,088      9,287,088  

TOTAL INVESTMENTS IN SECURITIES – 103.3%

(Cost: $222,851,855)

 

 

     249,398,083  

Other Assets less Liabilities – (3.3)%

 

     (7,941,399
     

 

 

 
NET ASSETS – 100.0%

 

   $ 241,456,684  

 

* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $14,318,629 and the total market value of the collateral held by the Fund was $15,180,793. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,893,705.

 

(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) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

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
 

Barclays Bank PLC

    7/6/2023       3,651,945       AUD       2,431,001       USD     $     $ (16

Barclays Bank PLC

    7/6/2023       1,233,512       CHF       1,378,893       USD       8        

Barclays Bank PLC

    7/6/2023       673,911       DKK       98,749       USD       0 ^       

Barclays Bank PLC

    7/6/2023       2,135,977       EUR       2,330,434       USD       28        

Barclays Bank PLC

    7/6/2023       2,513,205       GBP       3,195,156       USD       28        

Barclays Bank PLC

    7/6/2023       775,361       ILS       208,949       USD             (6

Barclays Bank PLC

    7/6/2023       644,813,696       JPY       4,461,903       USD       54        

Barclays Bank PLC

    7/6/2023       4,069,881       NOK       379,892       USD       2        

Barclays Bank PLC

    7/6/2023       2,130,980       SEK       197,296       USD       2        

Barclays Bank PLC

    7/6/2023       1,146,633       SGD       847,302       USD             (15

Barclays Bank PLC

    7/6/2023       2,396,123       USD       3,697,801       AUD             (65,387

Barclays Bank PLC

    7/6/2023       1,359,110       USD       1,237,597       CHF             (24,357

Barclays Bank PLC

    7/6/2023       97,332       USD       678,339       DKK             (2,066

Barclays Bank PLC

    7/6/2023       2,296,998       USD       2,150,230       EUR             (49,014

Barclays Bank PLC

    7/6/2023       3,149,312       USD       2,539,106       GBP             (78,801

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

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
 

Barclays Bank PLC

    7/6/2023       205,953       USD       768,039       ILS     $     $ (1,017

Barclays Bank PLC

    7/6/2023       4,397,885       USD       611,204,423       JPY       168,496        

Barclays Bank PLC

    7/6/2023       374,442       USD       4,165,570       NOK             (14,384

Barclays Bank PLC

    7/6/2023       194,465       USD       2,112,530       SEK             (1,124

Barclays Bank PLC

    7/6/2023       835,145       USD       1,130,314       SGD             (83

Barclays Bank PLC

    8/3/2023       5,838,248       USD       8,763,862       AUD             (240

Barclays Bank PLC

    8/3/2023       686,828       USD       4,679,646       DKK             (28

Barclays Bank PLC

    8/3/2023       16,789,712       USD       15,367,693       EUR             (234

Barclays Bank PLC

    8/3/2023       6,469,186       USD       5,087,370       GBP       15        

Barclays Bank PLC

    8/3/2023       209,311       USD       776,212       ILS             (14

Barclays Bank PLC

    8/3/2023       10,824,623       USD       1,557,763,918       JPY             (341

Barclays Bank PLC

    8/3/2023       924,385       USD       9,893,468       NOK             (42

Barclays Bank PLC

    8/3/2023       1,416,688       USD       15,282,604       SEK             (38

Barclays Bank PLC

    8/3/2023       848,855       USD       1,147,632       SGD             (11

Barclays Bank PLC

    8/4/2023       4,841,621       USD       4,318,527       CHF             (184

Citibank NA

    7/6/2023       3,652,003       AUD       2,431,003       USD       20        

Citibank NA

    7/6/2023       1,233,519       CHF       1,378,894       USD       14        

Citibank NA

    7/6/2023       673,914       DKK       98,749       USD       1        

Citibank NA

    7/6/2023       2,135,969       EUR       2,330,434       USD       19        

Citibank NA

    7/6/2023       2,513,205       GBP       3,195,155       USD       28        

Citibank NA

    7/6/2023       775,382       ILS       208,951       USD             (2

Citibank NA

    7/6/2023       644,811,610       JPY       4,461,904       USD       39        

Citibank NA

    7/6/2023       4,069,896       NOK       379,893       USD       2        

Citibank NA

    7/6/2023       2,130,980       SEK       197,296       USD       2        

Citibank NA

    7/6/2023       1,146,638       SGD       847,302       USD             (11

Citibank NA

    7/6/2023       2,396,123       USD       3,697,772       AUD             (65,368

Citibank NA

    7/6/2023       1,359,110       USD       1,237,559       CHF             (24,315

Citibank NA

    7/6/2023       97,332       USD       678,308       DKK             (2,062

Citibank NA

    7/6/2023       2,296,998       USD       2,150,234       EUR             (49,019

Citibank NA

    7/6/2023       3,149,312       USD       2,539,106       GBP             (78,801

Citibank NA

    7/6/2023       205,953       USD       768,058       ILS             (1,022

Citibank NA

    7/6/2023       4,397,885       USD       611,213,219       JPY       168,435        

Citibank NA

    7/6/2023       374,442       USD       4,165,482       NOK             (14,376

Citibank NA

    7/6/2023       194,465       USD       2,112,501       SEK             (1,122

Citibank NA

    7/6/2023       835,145       USD       1,130,339       SGD             (102

Citibank NA

    8/3/2023       5,838,248       USD       8,763,783       AUD             (187

Citibank NA

    8/3/2023       686,827       USD       4,679,680       DKK             (34

Citibank NA

    8/3/2023       16,789,711       USD       15,367,509       EUR             (35

Citibank NA

    8/3/2023       6,469,188       USD       5,087,495       GBP             (143

Citibank NA

    8/3/2023       209,311       USD       776,188       ILS             (8

Citibank NA

    8/3/2023       10,824,624       USD       1,557,756,485       JPY             (288

Citibank NA

    8/3/2023       924,384       USD       9,893,521       NOK             (48

Citibank NA

    8/3/2023       1,416,690       USD       15,282,801       SEK             (55

Citibank NA

    8/3/2023       848,857       USD       1,147,644       SGD             (19

Citibank NA

    8/4/2023       4,841,623       USD       4,318,510       CHF             (162

Goldman Sachs

    7/6/2023       63,897       USD       96,515       AUD             (350

Goldman Sachs

    7/6/2023       36,243       USD       32,770       CHF             (389

Goldman Sachs

    7/6/2023       2,596       USD       17,997       DKK             (41

Goldman Sachs

    7/6/2023       61,253       USD       57,011       EUR             (949

Goldman Sachs

    7/6/2023       83,982       USD       67,239       GBP             (1,503

Goldman Sachs

    7/6/2023       5,492       USD       20,567       ILS             (51

Goldman Sachs

    7/6/2023       117,277       USD       16,303,121       JPY       4,463        

Goldman Sachs

    7/6/2023       9,985       USD       109,853       NOK             (269

Goldman Sachs

    7/6/2023       5,186       USD       55,784       SEK       21        

Goldman Sachs

    7/6/2023       22,270       USD       29,991       SGD       108        

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

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
 

HSBC Holdings PLC

    7/6/2023       127,793       USD       191,652       AUD     $ 216     $  

HSBC Holdings PLC

    7/6/2023       72,486       USD       65,655       CHF             (907

HSBC Holdings PLC

    7/6/2023       5,191       USD       36,104       DKK             (99

HSBC Holdings PLC

    7/6/2023       122,506       USD       114,409       EUR             (2,320

HSBC Holdings PLC

    7/6/2023       167,963       USD       135,295       GBP             (4,046

HSBC Holdings PLC

    7/6/2023       10,984       USD       40,595       ILS       44        

HSBC Holdings PLC

    7/6/2023       234,554       USD       32,645,319       JPY       8,656        

HSBC Holdings PLC

    7/6/2023       19,970       USD       221,078       NOK             (666

HSBC Holdings PLC

    7/6/2023       10,372       USD       113,012       SEK             (91

HSBC Holdings PLC

    7/6/2023       44,541       USD       60,038       SGD       177        

JP Morgan Chase Bank NA

    7/6/2023       78,112       AUD       52,172       USD             (175

JP Morgan Chase Bank NA

    7/6/2023       3,652,014       AUD       2,431,003       USD       28        

JP Morgan Chase Bank NA

    7/6/2023       26,461       CHF       29,592       USD             (12

JP Morgan Chase Bank NA

    7/6/2023       1,233,519       CHF       1,378,894       USD       14        

JP Morgan Chase Bank NA

    7/6/2023       14,458       DKK       2,119       USD             (1

JP Morgan Chase Bank NA

    7/6/2023       673,915       DKK       98,749       USD       1        

JP Morgan Chase Bank NA

    7/6/2023       45,828       EUR       50,014       USD             (14

JP Morgan Chase Bank NA

    7/6/2023       2,135,977       EUR       2,330,434       USD       28        

JP Morgan Chase Bank NA

    7/6/2023       53,947       GBP       68,572       USD       14        

JP Morgan Chase Bank NA

    7/6/2023       2,513,210       GBP       3,195,155       USD       35        

JP Morgan Chase Bank NA

    7/6/2023       16,289       ILS       4,484       USD             (94

JP Morgan Chase Bank NA

    7/6/2023       775,380       ILS       208,951       USD             (3

JP Morgan Chase Bank NA

    7/6/2023       13,728,451       JPY       95,757       USD             (759

JP Morgan Chase Bank NA

    7/6/2023       644,812,502       JPY       4,461,904       USD       45        

JP Morgan Chase Bank NA

    7/6/2023       87,247       NOK       8,153       USD             (9

JP Morgan Chase Bank NA

    7/6/2023       4,069,869       NOK       379,893       USD             (0 )^ 

JP Morgan Chase Bank NA

    7/6/2023       45,290       SEK       4,234       USD             (41

JP Morgan Chase Bank NA

    7/6/2023       2,130,984       SEK       197,296       USD       2        

JP Morgan Chase Bank NA

    7/6/2023       24,610       SGD       18,184       USD       2        

JP Morgan Chase Bank NA

    7/6/2023       1,146,641       SGD       847,302       USD             (9

JP Morgan Chase Bank NA

    8/3/2023       5,838,248       USD       8,763,809       AUD             (205

JP Morgan Chase Bank NA

    8/3/2023       686,827       USD       4,679,646       DKK             (29

JP Morgan Chase Bank NA

    8/3/2023       16,789,711       USD       15,367,622       EUR             (158

JP Morgan Chase Bank NA

    8/3/2023       6,469,188       USD       5,087,319       GBP       81        

JP Morgan Chase Bank NA

    8/3/2023       209,311       USD       776,212       ILS             (14

JP Morgan Chase Bank NA

    8/3/2023       10,824,624       USD       1,557,761,897       JPY             (326

JP Morgan Chase Bank NA

    8/3/2023       924,384       USD       9,893,276       NOK             (25

JP Morgan Chase Bank NA

    8/3/2023       1,416,690       USD       15,282,774       SEK             (52

JP Morgan Chase Bank NA

    8/3/2023       848,857       USD       1,147,615       SGD       3        

JP Morgan Chase Bank NA

    8/4/2023       4,841,623       USD       4,318,520       CHF             (173

Royal Bank of Canada

    7/6/2023       3,652,003       AUD       2,431,003       USD       20        

Royal Bank of Canada

    7/6/2023       1,233,520       CHF       1,378,894       USD       15        

Royal Bank of Canada

    7/6/2023       673,906       DKK       98,749       USD             (0 )^ 

Royal Bank of Canada

    7/6/2023       2,136,075       EUR       2,330,434       USD       134        

Royal Bank of Canada

    7/6/2023       2,513,208       GBP       3,195,155       USD       33        

Royal Bank of Canada

    7/6/2023       775,395       ILS       208,951       USD       1        

Royal Bank of Canada

    7/6/2023       644,818,504       JPY       4,461,904       USD       86        

Royal Bank of Canada

    7/6/2023       4,069,844       NOK       379,893       USD             (2

Royal Bank of Canada

    7/6/2023       2,130,974       SEK       197,296       USD       1        

Royal Bank of Canada

    7/6/2023       1,146,630       SGD       847,302       USD             (17

Royal Bank of Canada

    7/6/2023       2,396,123       USD       3,697,515       AUD             (65,197

Royal Bank of Canada

    7/6/2023       1,359,108       USD       1,237,548       CHF             (24,304

Royal Bank of Canada

    7/6/2023       97,332       USD       678,290       DKK             (2,059

Royal Bank of Canada

    7/6/2023       2,296,997       USD       2,150,239       EUR             (49,025

Royal Bank of Canada

    7/6/2023       3,149,312       USD       2,539,047       GBP             (78,726

Royal Bank of Canada

    7/6/2023       205,951       USD       768,080       ILS             (1,030

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2023

 

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
 

Royal Bank of Canada

    7/6/2023       4,397,886       USD       611,223,460       JPY     $ 168,365     $  

Royal Bank of Canada

    7/6/2023       374,443       USD       4,165,466       NOK             (14,373

Royal Bank of Canada

    7/6/2023       194,465       USD       2,112,413       SEK             (1,114

Royal Bank of Canada

    7/6/2023       835,146       USD       1,130,313       SGD             (82

Royal Bank of Canada

    8/3/2023       5,838,248       USD       8,763,927       AUD             (284

Royal Bank of Canada

    8/3/2023       686,827       USD       4,679,747       DKK             (44

Royal Bank of Canada

    8/3/2023       16,789,711       USD       15,368,382       EUR             (988

Royal Bank of Canada

    8/3/2023       6,469,188       USD       5,087,395       GBP             (16

Royal Bank of Canada

    8/3/2023       209,311       USD       776,682       ILS             (141

Royal Bank of Canada

    8/3/2023       10,824,624       USD       1,557,781,869       JPY             (465

Royal Bank of Canada

    8/3/2023       924,384       USD       9,893,464       NOK             (43

Royal Bank of Canada

    8/3/2023       1,416,690       USD       15,282,643       SEK             (40

Royal Bank of Canada

    8/3/2023       848,857       USD       1,147,624       SGD             (3

Royal Bank of Canada

    8/4/2023       4,841,623       USD       4,318,587       CHF             (249

Standard Chartered Bank

    7/6/2023       2,396,123       USD       3,697,738       AUD             (65,345

Standard Chartered Bank

    7/6/2023       1,359,110       USD       1,237,513       CHF             (24,263

Standard Chartered Bank

    7/6/2023       97,332       USD       678,375       DKK             (2,072

Standard Chartered Bank

    7/6/2023       2,296,998       USD       2,150,244       EUR             (49,030

Standard Chartered Bank

    7/6/2023       3,149,312       USD       2,539,057       GBP             (78,739

Standard Chartered Bank

    7/6/2023       205,953       USD       768,091       ILS             (1,031

Standard Chartered Bank

    7/6/2023       4,397,885       USD       611,218,057       JPY       168,402        

Standard Chartered Bank

    7/6/2023       374,442       USD       4,165,619       NOK             (14,389

Standard Chartered Bank

    7/6/2023       194,465       USD       2,112,590       SEK             (1,130

Standard Chartered Bank

    7/6/2023       835,145       USD       1,130,295       SGD             (70
                                            $ 688,188     $ (962,632
^

Amount represents less than $1.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 240,109,276      $      $      $ 240,109,276  

Rights

           

Australia

                   0 *       0  

Spain

     1,719                      1,719  

Investment of Cash Collateral for Securities Loaned

            9,287,088               9,287,088  

Total Investments in Securities

   $ 240,110,995      $ 9,287,088      $ 0      $ 249,398,083  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 688,188      $      $ 688,188  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (962,632    $      $ (962,632

Total – Net

   $ 240,110,995      $ 9,012,644      $ 0      $ 249,123,639  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1 

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

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%

 

Australia – 13.9%

 

Abacus Property Group

     449,595      $ 805,044  

Accent Group Ltd.

     143,432        159,921  

APM Human Services International Ltd.(a)

     72,792        102,722  

ARB Corp. Ltd.(a)

     12,071        229,803  

AUB Group Ltd.

     13,082        256,016  

Austal Ltd.(a)

     60,371        95,241  

Australian Clinical Labs Ltd.(a)

     183,660        420,551  

Baby Bunting Group Ltd.(a)

     56,601        51,805  

Bapcor Ltd.(a)

     60,336        238,566  

Blackmores Ltd.

     1,662        104,259  

Bravura Solutions Ltd.(a)

     135,675        42,447  

Breville Group Ltd.(a)

     13,179        174,926  

BWP Trust

     214,945        519,374  

Capitol Health Ltd.

     246,726        44,343  

Cedar Woods Properties Ltd.(a)

     48,854        163,574  

Centuria Capital Group(a)

     310,973        341,549  

Centuria Industrial REIT(a)

     175,180        361,487  

Champion Iron Ltd.(a)

     118,859        481,040  

Charter Hall Long Wale REIT

     368,407        983,373  

Codan Ltd.(a)

     55,045        294,225  

Collins Foods Ltd.(a)

     19,372        126,758  

Costa Group Holdings Ltd.(a)

     95,609        173,107  

Cromwell Property Group

     1,124,613        400,500  

CSR Ltd.

     247,178        853,932  

Dalrymple Bay Infrastructure Ltd.

     83,086        146,008  

Data#3 Ltd.(a)

     24,425        117,061  

DDH1 Ltd.

     157,059        87,296  

Deterra Royalties Ltd.

     298,168        912,987  

Dicker Data Ltd.(a)

     41,206        224,916  

Domain Holdings Australia Ltd.(a)

     62,087        156,634  

Eagers Automotive Ltd.(a)

     73,475        659,777  

Elders Ltd.(a)

     46,365        203,078  

First Resources Ltd.

     574,227        589,778  

G8 Education Ltd.

     219,683        152,081  

Gold Road Resources Ltd.

     58,378        57,706  

GR Engineering Services Ltd.

     69,509        99,015  

GrainCorp Ltd., Class A(a)

     31,059        161,881  

Growthpoint Properties Australia Ltd.

     241,408        448,334  

GUD Holdings Ltd.(a)

     39,837        233,884  

GWA Group Ltd.(a)

     96,641        112,576  

Hansen Technologies Ltd.(a)

     31,452        108,239  

Helia Group Ltd.

     246,471        567,659  

HMC Capital Ltd.

     59,472        200,313  

HomeCo Daily Needs REIT

     686,774        537,153  

HUB24 Ltd.

     4,269        72,320  

Infomedia Ltd.(a)

     93,892        99,999  

Ingenia Communities Group(a)

     59,208        156,859  

Inghams Group Ltd.

     61,546        107,336  

Insignia Financial Ltd.(a)

     236,805        444,514  

Integral Diagnostics Ltd.

     41,643        90,921  

InvoCare Ltd.(a)

     28,190        236,247  

IPH Ltd.(a)

     36,373        189,578  

IRESS Ltd.(a)

     43,613      297,568  

IVE Group Ltd.(a)

     99,126        151,761  

Johns Lyng Group Ltd.

     13,430        47,559  

Jumbo Interactive Ltd.

     12,278        116,545  

Jupiter Mines Ltd.(a)

     587,678        76,282  

Kelsian Group Ltd.(a)

     39,137        189,134  

Link Administration Holdings Ltd.

     37,143        41,289  

Lovisa Holdings Ltd.

     28,546        366,732  

Maas Group Holdings Ltd.(a)

     36,431        64,263  

McMillan Shakespeare Ltd.

     46,385        557,624  

Monadelphous Group Ltd.(a)

     25,559        199,396  

Monash IVF Group Ltd.

     170,162        129,692  

Myer Holdings Ltd.(a)

     382,369        150,169  

MyState Ltd.

     39,646        83,657  

Navigator Global Investments Ltd.(a)

     248,585        220,076  

Netwealth Group Ltd.(a)

     21,885        201,618  

Nick Scali Ltd.(a)

     32,431        196,664  

NRW Holdings Ltd.

     173,226        291,729  

Nufarm Ltd.

     27,852        94,367  

Orora Ltd.

     319,108        698,843  

Pacific Current Group Ltd.(a)

     14,432        71,185  

Pact Group Holdings Ltd.

     85,053        37,366  

Perpetual Ltd.(a)

     23,073        397,479  

Perseus Mining Ltd.

     138,946        152,608  

Pinnacle Investment Management Group Ltd.(a)

     43,859        291,364  

PSC Insurance Group Ltd.

     43,301        158,528  

PWR Holdings Ltd.

     12,637        72,930  

Ramelius Resources Ltd.

     76,804        64,417  

Region RE Ltd.

     461,637        697,545  

Regis Healthcare Ltd.(a)

     58,375        86,263  

Reliance Worldwide Corp. Ltd.

     171,741        468,710  

Ridley Corp. Ltd.

     91,708        122,091  

Sigma Healthcare Ltd.

     122,209        68,333  

Sims Ltd.

     108,382        1,136,276  

SmartGroup Corp. Ltd.(a)

     84,839        447,267  

Super Retail Group Ltd.

     86,689        659,563  

Terracom Ltd.(a)

     472,980        132,232  

Ventia Services Group Pty. Ltd.

     141,381        285,154  

Waypoint REIT Ltd.

     313,598        540,653  
     

 

 

 
Total Australia

 

     24,663,645  
Austria – 1.1%

 

AT&S Austria Technologie & Systemtechnik AG

     4,731        169,917  

Oesterreichische Post AG

     20,316        724,788  

Porr AG

     7,937        112,224  

S IMMO AG*

     8,823        117,436  

Schoeller-Bleckmann Oilfield Equipment AG

     1,226        71,025  

Semperit AG Holding

     5,564        126,870  

UNIQA Insurance Group AG

     73,485        589,265  

Zumtobel Group AG

     11,184        90,171  
     

 

 

 
Total Austria

 

     2,001,696  
Belgium – 1.5%

 

Barco NV

     8,803        219,357  

Bekaert SA

     14,019        634,732  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  

bpost SA(a)

     83,892      $ 368,301  

Deceuninck NV

     20,720        51,541  

Econocom Group SA/NV

     2,002        5,799  

Fagron

     5,848        98,382  

Intervest Offices & Warehouses NV

     9,308        140,546  

Recticel SA(a)

     5,693        67,701  

VGP NV(a)

     8,934        872,356  

Xior Student Housing NV

     6,426        191,043  
     

 

 

 
Total Belgium

 

     2,649,758  
China – 0.3%

 

CITIC Telecom International Holdings Ltd.

     893,678        342,117  

CPMC Holdings Ltd.

     69,900        34,698  

Yanlord Land Group Ltd.*

     247,709        140,021  
     

 

 

 
Total China

 

     516,836  
Denmark – 2.8%

 

Alm Brand A/S

     236,353        369,862  

Cementir Holding NV

     27,434        222,084  

Chemometec A/S*

     466        31,818  

D/S Norden A/S

     24,587        1,226,315  

Dfds A/S

     10,597        385,693  

FLSmidth & Co. A/S

     4,687        226,766  

Huscompagniet A/S*

     10,584        90,877  

Matas A/S

     5,249        77,371  

Per Aarsleff Holding A/S

     3,952        194,275  

Scandinavian Tobacco Group A/S, Class A(b)

     27,360        455,008  

Schouw & Co. A/S

     3,989        315,036  

Spar Nord Bank A/S

     21,550        336,914  

Sydbank A/S

     21,424        989,449  
     

 

 

 
Total Denmark

 

     4,921,468  
Finland – 2.8%

 

Aktia Bank Oyj

     10,110        102,579  

Anora Group Oyj

     16,677        89,518  

Cargotec Oyj, Class B

     7,908        434,401  

Caverion Oyj

     25,306        235,504  

Citycon Oyj*(a)

     61,869        392,845  

Fiskars Oyj Abp

     14,408        243,332  

Harvia Oyj

     4,345        109,503  

Kemira Oyj

     29,835        474,904  

Konecranes Oyj

     20,552        826,260  

Lassila & Tikanoja Oyj(a)

     6,140        66,787  

Marimekko Oyj

     7,428        73,665  

Musti Group Oyj*

     4,270        83,342  

Outokumpu Oyj

     78,812        421,493  

Puuilo Oyj

     24,865        196,405  

Raisio Oyj, Class V

     40,171        89,625  

Sanoma Oyj

     10,618        76,919  

Talenom Oyj(a)

     3,738        29,648  

Terveystalo Oyj(a)(b)

     31,489        283,768  

Tokmanni Group Corp.

     21,676        282,836  

Uponor Oyj

     16,504        515,688  
     

 

 

 
Total Finland

 

     5,029,022  
France – 3.0%

 

Beneteau SA

     12,214      206,278  

Bigben Interactive(a)

     7,937        46,067  

Cie Plastic Omnium SA

     15,257        267,824  

Coface SA(a)

     77,922        1,072,863  

Derichebourg SA

     54,877        304,743  

Etablissements Maurel Et Prom SA

     43,348        184,725  

Fnac Darty SA

     7,566        283,130  

IPSOS

     7,097        394,497  

Jacquet Metals SACA

     6,175        128,002  

Lectra

     3,533        105,228  

LISI(a)

     3,959        113,597  

Maisons du Monde SA*(a)(b)

     13,689        137,698  

Mersen SA

     3,301        149,458  

Metropole Television SA

     43,244        612,386  

Quadient SA

     6,286        129,342  

Television Francaise 1(a)

     68,722        471,972  

Trigano SA

     1,690        242,090  

Vicat SA

     14,155        449,395  
     

 

 

 
Total France

 

     5,299,295  
Georgia – 0.5%

 

Bank of Georgia Group PLC

     21,300        792,083  
Germany – 3.5%

 

7C Solarparken AG

     15,633        63,532  

alstria office REIT AG

     8,337        45,569  

AURELIUS Equity Opportunities SE & Co. KGaA*

     9,691        188,726  

BayWa AG

     3,522        145,055  

Bilfinger SE

     7,469        290,256  

CompuGroup Medical SE & Co. KGaA

     4,022        197,811  

CropEnergies AG

     12,394        135,489  

Dermapharm Holding SE

     13,498        667,103  

Deutz AG

     28,686        168,531  

Duerr AG

     6,295        203,563  

Energiekontor AG

     1,046        79,997  

Gerresheimer AG

     3,198        359,718  

Hamborner REIT AG

     21,038        146,666  

Hamburger Hafen und Logistik AG

     20,066        248,693  

Hornbach Holding AG & Co. KGaA

     2,676        210,935  

Indus Holding AG

     6,554        184,481  

Instone Real Estate Group SE(b)

     21,538        129,004  

Jenoptik AG

     3,635        124,684  

JOST Werke SE(b)

     2,151        116,398  

Kloeckner & Co. SE

     58,257        566,941  

Mutares SE & Co. KGaA*

     6,190        169,508  

SAF-Holland SE

     11,539        161,140  

Salzgitter AG

     10,013        362,028  

Siltronic AG

     6,560        500,987  

Varta AG*(a)

     17,006        347,972  

Wacker Neuson SE

     12,449        301,517  

Wuestenrot & Wuerttembergische AG

     6,780        115,985  
     

 

 

 
Total Germany

 

     6,232,289  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  
Hong Kong – 1.0%

 

Dah Sing Banking Group Ltd.

     187,600      $ 139,564  

Dah Sing Financial Holdings Ltd.

     49,200        122,928  

Fortune Real Estate Investment Trust

     749,000        539,055  

Hutchison Port Holdings Trust

     2,742,700        529,341  

Nissin Foods Co. Ltd.

     198,000        169,283  

Singamas Container Holdings Ltd.

     2,086,000        170,360  

Tam Jai International Co. Ltd.

     653,000        149,988  
     

 

 

 
Total Hong Kong

 

     1,820,519  
Indonesia – 0.3%

 

Bumitama Agri Ltd.

     307,100        124,805  

Nickel Industries Ltd.

     796,162        469,019  
     

 

 

 
Total Indonesia

 

     593,824  
Ireland – 0.3%

 

Cairn Homes PLC

     209,558        265,208  

Kenmare Resources PLC

     33,483        190,282  

Origin Enterprises PLC

     32,582        118,549  
     

 

 

 
Total Ireland

 

     574,039  
Israel – 2.8%

 

Altshuler Shaham Penn Ltd.

     113,275        200,729  

AudioCodes Ltd.

     5,783        52,844  

Automatic Bank Services Ltd.

     21,795        94,675  

Azorim-Investment Development & Construction Co. Ltd.*

     21,979        66,631  

Delek Automotive Systems Ltd.

     30,348        231,927  

Delek Group Ltd.

     0        39  

Delta Galil Ltd.

     3,286        128,396  

Electra Consumer Products 1970 Ltd.

     2,957        73,149  

Electra Real Estate Ltd.

     14,383        163,289  

FIBI Holdings Ltd.

     8,930        359,756  

G City Ltd.

     74,511        244,157  

Gav-Yam Lands Corp. Ltd.

     29,948        210,712  

Harel Insurance Investments & Financial Services Ltd.

     57,637        447,931  

Israel Canada T.R Ltd.

     45,854        105,647  

Israel Land Development Co. Ltd.

     8,787        68,668  

Magic Software Enterprises Ltd.

     8,031        104,982  

Matrix IT Ltd.

     16,731        340,531  

Max Stock Ltd.

     69,644        142,987  

Maytronics Ltd.

     16,641        227,080  

Mediterranean Towers Ltd.

     37,799        82,301  

Mega Or Holdings Ltd.

     6,179        127,761  

Mehadrin Ltd.*

     0        13  

Migdal Insurance & Financial Holdings Ltd.

     62,079        75,195  

Oil Refineries Ltd.

     778,980        222,089  

One Software Technologies Ltd.

     9,358        125,834  

Paz Oil Co. Ltd.*

     1        92  

Plus500 Ltd.

     34,545        643,411  

Retailors Ltd.

     2,581        49,938  

Shufersal Ltd.*

     26,069        135,931  

Sisram Medical Ltd.(a)(b)

     70,400        83,906  

Tamar Petroleum Ltd.(b)

     19,552        61,960  

Tiv Taam Holdings 1 Ltd.

     25,933        41,182  
     

 

 

 
Total Israel

 

     4,913,743  
Italy – 4.3%

 

Alerion Cleanpower SpA

     4,636      144,655  

Anima Holding SpA(a)(b)

     135,350        503,249  

Ariston Holding NV

     7,675        81,055  

Arnoldo Mondadori Editore SpA

     61,917        135,441  

Azimut Holding SpA(a)

     52,070        1,122,250  

Banca Popolare di Sondrio SpA

     110,512        460,090  

Cairo Communication SpA

     78,411        141,323  

Carel Industries SpA(b)

     3,726        112,196  

Credito Emiliano SpA(a)

     45,437        353,447  

Danieli & C. Officine Meccaniche SpA, RSP

     7,715        141,575  

El.En. SpA(a)

     5,013        60,106  

Enav SpA(b)

     65,851        280,621  

Esprinet SpA(a)

     18,830        114,222  

Fila SpA(a)

     7,046        60,421  

Immobiliare Grande Distribuzione SIIQ SpA(a)

     64,756        170,970  

Iren SpA

     421,484        782,186  

Italian Sea Group SpA(a)

     10,416        89,093  

Maire Tecnimont SpA(a)

     94,233        363,941  

MARR SpA

     12,123        185,960  

OVS SpA(b)

     32,093        88,934  

Piaggio & C. SpA

     110,795        459,334  

RAI Way SpA(b)

     50,521        303,703  

Salcef Group SpA(a)

     8,548        214,495  

Sanlorenzo SpA

     3,484        149,761  

SOL SpA

     4,729        136,465  

Technogym SpA(b)

     18,768        173,636  

Unieuro SpA(a)(b)

     11,203        121,002  

Webuild SpA(a)

     183,108        345,004  

Zignago Vetro SpA(a)

     13,660        232,786  
     

 

 

 
Total Italy

 

     7,527,921  
Japan – 28.3%

 

77 Bank Ltd.

     12,535        222,020  

Adastria Co. Ltd.

     2,200        46,577  

ADEKA Corp.

     11,300        213,866  

Advan Group Co. Ltd.

     3,700        23,679  

Aeon Delight Co. Ltd.

     7,600        161,428  

Ai Holdings Corp.(a)

     8,900        142,242  

Aica Kogyo Co. Ltd.(a)

     9,300        203,135  

Aichi Corp.(a)

     22,200        134,089  

Alleanza Holdings Co. Ltd.(a)

     8,200        56,280  

Alps Alpine Co. Ltd.

     18,900        164,371  

Amano Corp.

     8,900        186,455  

Anritsu Corp.

     10,000        84,858  

Arcs Co. Ltd.

     10,100        171,763  

Ariake Japan Co. Ltd.(a)

     1,500        55,035  

ARTERIA Networks Corp.

     13,200        179,915  

As One Corp.(a)

     1,500        58,968  

Asahi Holdings, Inc.

     11,000        147,722  

Asanuma Corp.

     3,500        78,943  

ASKUL Corp.(a)

     8,400        116,235  

Autobacs Seven Co. Ltd.

     20,100        212,772  

Awa Bank Ltd.

     270        3,708  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  

Bando Chemical Industries Ltd.

     19,200      $ 191,289  

Bank of Nagoya Ltd.

     2,049        46,924  

Bank of Saga Ltd.

     9,600        110,323  

Belc Co. Ltd.

     800        35,479  

Bell System24 Holdings, Inc.*

     13,501        126,851  

Benesse Holdings, Inc.

     8,900        113,301  

Bic Camera, Inc.(a)

     4,800        35,468  

BML, Inc.

     2,500        50,074  

Bunka Shutter Co. Ltd.(a)

     11,500        88,079  

C. Uyemura & Co. Ltd.

     1,800        102,121  

Canon Electronics, Inc.(a)

     3,700        51,634  

Central Glass Co. Ltd.

     3,100        66,060  

Chori Co. Ltd.

     9,800        200,428  

Citizen Watch Co. Ltd.

     41,900        251,049  

CKD Corp.

     10,600        172,346  

Computer Engineering & Consulting Ltd.

     4,300        53,462  

Create SD Holdings Co. Ltd.

     3,300        80,939  

Daicel Corp.(a)

     34,000        302,515  

Daido Steel Co. Ltd.

     7,400        306,014  

Daihen Corp.(a)

     1,737        66,579  

Daiho Corp.

     3,300        88,359  

Daiichikosho Co. Ltd.

     12,900        225,985  

Daiken Corp.

     8,500        134,673  

Daiki Aluminium Industry Co. Ltd.(a)

     4,300        41,532  

Dainichiseika Color & Chemicals Manufacturing Co. Ltd.

     800        11,585  

Daio Paper Corp.(a)

     13,600        106,374  

Daiseki Co. Ltd.

     1,400        39,278  

Daishi Hokuetsu Financial Group, Inc.

     9,000        193,344  

Daiwabo Holdings Co. Ltd.

     11,100        213,153  

DCM Holdings Co. Ltd.

     14,300        120,704  

Denka Co. Ltd.

     10,500        197,054  

Dexerials Corp.(a)

     4,400        95,437  

DIC Corp.(a)

     11,300        204,133  

Dip Corp.

     2,141        52,957  

DMG Mori Co. Ltd.(a)

     13,300        228,944  

DTS Corp.

     8,200        192,043  

Eagle Industry Co. Ltd.

     11,100        134,089  

EDION Corp.(a)

     13,800        138,921  

Eiken Chemical Co. Ltd.

     10,600        112,868  

Eizo Corp.

     1,800        58,906  

Elecom Co. Ltd.

     9,800        98,587  

Elematec Corp.

     12,800        161,268  

en Japan, Inc.

     3,300        56,577  

ES-Con Japan Ltd.

     22,900        130,554  

ESPEC Corp.

     1,900        29,998  

Exedy Corp.(a)

     13,030        217,986  

EXEO Group, Inc.

     13,100        261,846  

Ezaki Glico Co. Ltd.(a)

     3,900        101,672  

Financial Partners Group Co. Ltd.

     14,200        124,576  

France Bed Holdings Co. Ltd.

     4,400        35,161  

Fuji Co. Ltd.

     2,700        33,961  

Fuji Oil Holdings, Inc.

     7,900        108,742  

Fuji Soft, Inc.

     2,800        89,695  

Fujikura Ltd.

     12,700      105,661  

Fujimi, Inc.(a)

     8,400        205,445  

Fujitec Co. Ltd.(a)

     8,000        203,190  

Fukuyama Transporting Co. Ltd.

     2,600        71,955  

Funai Soken Holdings, Inc.

     8,400        147,734  

Furukawa Electric Co. Ltd.

     3,300        57,924  

Furuno Electric Co. Ltd.

     8,500        62,455  

Future Corp.

     9,500        112,198  

G-7 Holdings, Inc.(a)

     3,300        29,910  

Glory Ltd.

     8,200        163,592  

Goldcrest Co. Ltd.(a)

     11,300        140,258  

GS Yuasa Corp.

     8,151        158,413  

Gunma Bank Ltd.(a)

     53,487        195,541  

H.U. Group Holdings, Inc.

     10,900        207,502  

H2O Retailing Corp.

     10,600        107,808  

Hachijuni Bank Ltd.

     58,700        253,588  

Hakuto Co. Ltd.(a)

     4,400        168,651  

Hanwa Co. Ltd.

     2,539        79,489  

Hazama Ando Corp.(a)

     23,300        173,297  

Heiwa Corp.

     11,449        198,269  

Heiwa Real Estate Co. Ltd.

     2,900        76,144  

Hiday Hidaka Corp.

     3,100        50,317  

Hirogin Holdings, Inc.

     45,800        258,573  

Hogy Medical Co. Ltd.(a)

     2,200        48,327  

Hokuetsu Corp.(a)

     14,300        85,680  

Hokuhoku Financial Group, Inc.

     20,606        163,881  

Hokuto Corp.

     200        2,536  

Horiba Ltd.(a)

     3,100        176,539  

Hyakujushi Bank Ltd.

     10,600        135,750  

Ichibanya Co. Ltd.(a)

     2,700        101,809  

Ichigo, Inc.

     36,400        69,257  

Ichiyoshi Securities Co. Ltd.(a)

     18,800        78,694  

Idec Corp.

     3,600        82,070  

Iino Kaiun Kaisha Ltd.

     25,800        151,192  

Inaba Denki Sangyo Co. Ltd.

     10,600        240,184  

Inabata & Co. Ltd.

     9,000        200,816  

Information Services International-Dentsu Ltd.(a)

     4,200        146,456  

INFRONEER Holdings, Inc.

     31,523        295,525  

Inui Global Logistics Co. Ltd.(a)

     11,700        105,720  

Itochu Enex Co. Ltd.

     22,800        199,866  

Itoham Yonekyu Holdings, Inc.

     37,400        187,343  

IwaiCosmo Holdings, Inc.

     3,800        37,728  

Izumi Co. Ltd.

     8,300        196,740  

JAC Recruitment Co. Ltd.

     9,300        166,973  

Japan Aviation Electronics Industry Ltd.(a)

     9,500        197,184  

Japan Lifeline Co. Ltd.

     12,300        87,654  

Japan Steel Works Ltd.(a)

     3,300        70,231  

Jeol Ltd.

     1,600        56,391  

Joyful Honda Co. Ltd.

     11,200        131,345  

Juroku Financial Group, Inc.

     8,400        180,455  

K’s Holdings Corp.(a)

     33,100        287,522  

Kaga Electronics Co. Ltd.

     3,400        149,846  

Kagome Co. Ltd.

     7,600        165,477  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  

Kaken Pharmaceutical Co. Ltd.(a)

     7,600      $ 189,402  

Kamei Corp.

     4,100        41,898  

Kanamoto Co. Ltd.

     9,000        136,493  

Kandenko Co. Ltd.

     14,478        115,896  

Kaneka Corp.(a)

     7,500        208,652  

Kanematsu Corp.

     13,700        190,237  

Kanto Denka Kogyo Co. Ltd.

     7,900        53,674  

Katitas Co. Ltd.

     2,600        44,576  

Kato Sangyo Co. Ltd.

     7,248        197,830  

Keiyo Bank Ltd.

     32,700        120,361  

KH Neochem Co. Ltd.(a)

     7,300        118,186  

Ki-Star Real Estate Co. Ltd.

     2,400        82,029  

Kitz Corp.(a)

     21,700        162,898  

Kobe Steel Ltd.

     70,900        647,756  

Kokuyo Co. Ltd.(a)

     13,600        185,884  

KOMEDA Holdings Co. Ltd.

     8,400        157,614  

Komeri Co. Ltd.

     8,000        162,397  

Kumagai Gumi Co. Ltd.

     8,700        185,395  

Kumiai Chemical Industry Co. Ltd.

     12,500        96,862  

Kurabo Industries Ltd.(a)

     9,163        143,846  

Kureha Corp.(a)

     1,100        62,483  

KYB Corp.

     3,600        125,534  

Kyoei Steel Ltd.

     2,700        37,847  

Kyokuyo Co. Ltd.

     200        5,002  

Kyorin Pharmaceutical Co. Ltd.

     10,473        126,877  

Kyudenko Corp.

     8,500        227,004  

Kyushu Financial Group, Inc.(a)

     53,300        223,695  

Life Corp.

     3,600        75,968  

Lintec Corp.(a)

     13,300        208,976  

Mabuchi Motor Co. Ltd.(a)

     3,400        94,283  

Macnica Holdings, Inc.

     9,100        373,986  

Makino Milling Machine Co. Ltd.

     1,800        69,492  

Mani, Inc.

     2,900        34,059  

Maruha Nichiro Corp.

     9,300        155,778  

Maruichi Steel Tube Ltd.

     10,900        248,490  

Marusan Securities Co. Ltd.

     15,200        46,378  

Marvelous, Inc.

     11,500        53,468  

Matsui Securities Co. Ltd.(a)

     33,800        185,680  

Max Co. Ltd.

     9,500        173,456  

MCJ Co. Ltd.

     12,200        84,493  

Megmilk Snow Brand Co. Ltd.

     11,600        156,662  

Meitec Corp.

     10,800        184,863  

Mie Kotsu Group Holdings, Inc.

     6,100        24,141  

MIRAIT ONE Corp.

     12,700        159,085  

Mirarth Holdings, Inc.

     43,000        131,795  

Miroku Jyoho Service Co. Ltd.

     4,300        46,649  

Mitsubishi Logistics Corp.

     10,300        252,912  

Mitsubishi Materials Corp.

     11,100        198,408  

Mitsubishi Shokuhin Co. Ltd.

     7,900        202,508  

Mitsuboshi Belting Ltd.

     9,900        301,723  

Mitsui High-Tec, Inc.(a)

     1,300        87,875  

Mitsui Matsushima Holdings Co. Ltd., Class C(a)

     2,900        52,167  

Mitsui Mining & Smelting Co. Ltd.

     9,100        208,336  

Mitsui-Soko Holdings Co. Ltd.

     7,600        183,776  

MIXI, Inc.

     12,300      227,644  

Mochida Pharmaceutical Co. Ltd.

     3,000        68,288  

Monex Group, Inc.

     23,200        88,604  

Morinaga & Co. Ltd.

     7,200        224,416  

Morinaga Milk Industry Co. Ltd.

     2,000        65,285  

Morita Holdings Corp.

     2,200        23,654  

Musashi Seimitsu Industry Co. Ltd.

     9,200        112,219  

Musashino Bank Ltd.

     3,800        57,157  

Nachi-Fujikoshi Corp.(a)

     3,300        93,154  

Nafco Co. Ltd.

     1,800        23,625  

Nagase & Co. Ltd.

     11,700        193,428  

Nakanishi, Inc.

     7,117        156,585  

NEC Networks & System Integration Corp.

     11,200        153,740  

NET One Systems Co. Ltd.

     7,300        159,046  

NHK Spring Co. Ltd.

     37,400        271,311  

Nichias Corp.

     10,374        214,607  

Nichicon Corp.

     10,000        105,649  

Nichiden Corp.

     200        3,318  

Nihon Chouzai Co. Ltd.

     1,700        13,844  

Nihon Kohden Corp.

     2,800        74,429  

Nihon Parkerizing Co. Ltd.

     20,840        154,135  

Nikkon Holdings Co. Ltd.(a)

     10,100        200,379  

Nippn Corp.

     12,600        160,666  

Nippon Carbon Co. Ltd.

     3,200        96,198  

Nippon Denko Co. Ltd.(a)

     33,600        65,324  

Nippon Electric Glass Co. Ltd.(a)

     19,500        341,403  

Nippon Gas Co. Ltd.

     12,200        170,632  

Nippon Kanzai Holdings Co. Ltd.

     8,300        148,904  

Nippon Kayaku Co. Ltd.(a)

     25,400        215,804  

Nippon Light Metal Holdings Co. Ltd.

     10,500        105,193  

Nippon Parking Development Co. Ltd., Class C

     31,700        49,129  

Nippon Pillar Packing Co. Ltd.

     7,600        244,508  

Nippon Shokubai Co. Ltd.

     7,800        289,798  

Nippon Signal Co. Ltd.(a)

     4,500        33,345  

Nippon Soda Co. Ltd.

     7,500        268,274  

Nipro Corp.

     12,400        87,465  

Nishi-Nippon Financial Holdings, Inc.

     24,300        214,360  

Nishi-Nippon Railroad Co. Ltd.(a)

     8,600        145,451  

Nishimatsu Construction Co. Ltd.(a)

     10,650        257,896  

Nishio Holdings Co. Ltd.

     7,600        178,254  

Nissan Shatai Co. Ltd.

     7,800        45,278  

Nisshinbo Holdings, Inc.(a)

     23,350        192,248  

Nissui Corp.

     22,400        100,132  

Nitta Corp.(a)

     8,600        181,479  

Nitto Kogyo Corp.

     4,400        108,223  

Nittoc Construction Co. Ltd.

     20,300        144,664  

Noevir Holdings Co. Ltd.

     3,273        123,868  

NOK Corp.

     21,200        307,949  

Nomura Co. Ltd.

     11,858        80,812  

Noritake Co. Ltd.

     2,400        90,663  

North Pacific Bank Ltd.

     56,800        111,608  

NS United Kaiun Kaisha Ltd.(a)

     6,400        151,659  

NSD Co. Ltd.

     11,200        223,558  

Ogaki Kyoritsu Bank Ltd.

     9,900        126,169  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  

Ohsho Food Service Corp.

     1,572      $ 72,871  

Okamura Corp.

     12,100        159,480  

Okasan Securities Group, Inc.(a)

     47,500        156,761  

Okinawa Cellular Telephone Co.

     10,000        207,562  

Okinawa Financial Group, Inc.

     1,142        16,379  

OKUMA Corp.

     2,000        106,341  

Okumura Corp.(a)

     8,690        244,704  

Okuwa Co. Ltd.

     400        2,314  

Onoken Co. Ltd.

     1,900        21,046  

Open Up Group, Inc.(a)

     9,900        143,635  

Optorun Co. Ltd.

     2,600        43,587  

Osaka Soda Co. Ltd.(a)

     2,700        101,436  

Osaki Electric Co. Ltd.

     14,200        53,839  

OSG Corp.

     11,200        159,513  

PAL GROUP Holdings Co. Ltd.

     7,790        209,390  

PALTAC Corp.(a)

     2,100        69,320  

Paramount Bed Holdings Co. Ltd.

     8,600        142,267  

Penta-Ocean Construction Co. Ltd.

     23,400        125,002  

PHC Holdings Corp.(a)

     18,600        198,309  

Pigeon Corp.(a)

     11,400        156,525  

Pilot Corp.(a)

     2,100        66,181  

Piolax, Inc.(a)

     7,900        118,499  

Press Kogyo Co. Ltd.

     44,900        190,429  

Pressance Corp.

     4,086        57,105  

Prima Meat Packers Ltd.

     257        3,859  

Raito Kogyo Co. Ltd.

     9,400        128,902  

Raiznext Corp.

     11,500        117,677  

Rengo Co. Ltd.

     24,750        151,700  

Resorttrust, Inc.

     10,100        149,087  

Restar Holdings Corp.

     7,954        134,167  

Roland Corp.(a)

     2,400        68,579  

Round One Corp.(a)

     14,200        55,902  

Ryoden Corp.

     2,600        39,575  

Ryosan Co. Ltd.(a)

     7,500        226,243  

S Foods, Inc.

     3,300        71,692  

Sakata Seed Corp.

     1,800        51,870  

Sala Corp.

     6,800        36,885  

SAMTY Co. Ltd.(a)

     9,700        150,196  

San ju San Financial Group, Inc.

     11,100        121,264  

San-In Godo Bank Ltd.

     43,100        240,347  

Sangetsu Corp.

     12,500        214,740  

Sanki Engineering Co. Ltd.

     11,800        123,523  

Sankyu, Inc.

     3,100        101,836  

Sanyo Special Steel Co. Ltd.

     10,000        196,285  

Sapporo Holdings Ltd.

     3,400        87,155  

Sawai Group Holdings Co. Ltd.

     2,700        67,717  

SBI Global Asset Management Co. Ltd.

     8,397        29,746  

Scroll Corp.

     20,400        136,485  

Seikitokyu Kogyo Co. Ltd.

     3,100        30,392  

Seiko Group Corp.(a)

     2,600        46,735  

Seino Holdings Co. Ltd.(a)

     14,000        198,084  

Senko Group Holdings Co. Ltd.

     22,980        164,557  

Senshu Ikeda Holdings, Inc.(a)

     90,100        145,247  

Seria Co. Ltd.

     8,000        127,083  

Shiga Bank Ltd.

     10,200      190,542  

Shin Nippon Air Technologies Co. Ltd.

     200        3,169  

Shin-Etsu Polymer Co. Ltd.

     12,400        130,404  

Shinmaywa Industries Ltd.

     12,700        118,622  

Shinsho Corp.

     2,400        96,143  

Ship Healthcare Holdings, Inc.

     7,900        130,086  

Shoei Co. Ltd.

     4,100        75,399  

Sinfonia Technology Co. Ltd.

     5,200        61,737  

Sinko Industries Ltd.

     2,200        31,782  

SKY Perfect JSAT Holdings, Inc.

     46,600        184,098  

Sotetsu Holdings, Inc.

     8,300        145,602  

SRA Holdings

     7,000        157,159  

ST Corp.

     1,000        10,433  

St. Marc Holdings Co. Ltd.

     4,100        53,415  

Star Micronics Co. Ltd.

     9,800        121,775  

Starts Corp., Inc.(a)

     9,700        197,510  

Stella Chemifa Corp.

     900        19,459  

Sumitomo Bakelite Co. Ltd.

     3,000        123,852  

Sumitomo Mitsui Construction Co. Ltd.

     35,900        91,902  

Sumitomo Osaka Cement Co. Ltd.

     2,400        63,149  

Sun Frontier Fudousan Co. Ltd.

     15,000        148,096  

Suzuden Corp.

     8,900        137,193  

Systena Corp.

     20,600        41,618  

T-Gaia Corp.

     10,100        121,031  

T. Hasegawa Co. Ltd.

     2,900        68,821  

Tachibana Eletech Co. Ltd.

     800        16,411  

Taihei Dengyo Kaisha Ltd.

     3,200        94,095  

Taiheiyo Cement Corp.(a)

     11,900        233,785  

Taikisha Ltd.

     1,800        51,060  

Taiyo Holdings Co. Ltd.

     9,200        169,570  

Takamatsu Construction Group Co. Ltd.(a)

     200        3,581  

Takara Bio, Inc.

     8,600        98,058  

Takara Holdings, Inc.

     25,200        203,731  

Takara Standard Co. Ltd.(a)

     11,500        146,162  

Takasago International Corp.(a)

     800        14,944  

Takasago Thermal Engineering Co. Ltd.

     8,600        143,398  

Takeuchi Manufacturing Co. Ltd.

     3,800        116,470  

Takuma Co. Ltd.

     10,800        110,290  

Tama Home Co. Ltd.

     6,700        153,205  

Tamron Co. Ltd.(a)

     6,900        191,673  

Teijin Ltd.

     19,400        193,483  

TKC Corp.

     3,300        88,702  

Toagosei Co. Ltd.(a)

     23,200        206,743  

Tocalo Co. Ltd.

     14,300        148,704  

Toda Corp.

     33,604        187,858  

Tokai Carbon Co. Ltd.(a)

     20,100        183,290  

TOKAI Holdings Corp.

     25,200        157,091  

Tokai Rika Co. Ltd.

     12,600        185,424  

Tokai Tokyo Financial Holdings, Inc.(a)

     65,318        172,633  

Token Corp.

     1,200        61,687  

Tokuyama Corp.

     9,700        158,954  

Tokyo Kiraboshi Financial Group, Inc.

     8,400        181,036  

Tokyo Ohka Kogyo Co. Ltd.

     3,700        224,532  

Tokyo Sangyo Co. Ltd.

     9,800        60,345  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  

Tokyo Seimitsu Co. Ltd.(a)

     8,600      $ 471,844  

Tokyo Steel Manufacturing Co. Ltd.

     13,700        128,720  

Tokyu Construction Co. Ltd.

     200        1,028  

Tomy Co. Ltd.

     12,200        152,780  

Topcon Corp.

     11,000        160,432  

Totech Corp.

     2,700        89,480  

Totetsu Kogyo Co. Ltd.

     7,745        143,449  

Toyo Construction Co. Ltd.

     11,400        85,736  

Toyo Ink SC Holdings Co. Ltd.(a)

     10,328        155,418  

Toyo Tire Corp.(a)

     20,900        275,394  

Toyobo Co. Ltd.

     11,300        80,488  

Transcosmos, Inc.(a)

     10,200        251,586  

TS Tech Co. Ltd.

     14,400        180,729  

Tsubakimoto Chain Co.

     9,256        234,706  

Tsumura & Co.

     8,213        151,293  

UACJ Corp.

     7,300        137,328  

UBE Corp.

     12,400        211,950  

Ulvac, Inc.(a)

     2,500        105,372  

Valor Holdings Co. Ltd.

     10,500        144,930  

Valqua Ltd.(a)

     7,500        203,670  

VT Holdings Co. Ltd.

     35,500        134,352  

Wacoal Holdings Corp.

     9,200        183,987  

Wacom Co. Ltd.

     19,500        79,330  

Wowow, Inc.

     6,900        54,566  

YAMABIKO Corp.(a)

     10,400        112,034  

Yamaguchi Financial Group, Inc.

     31,700        211,955  

Yamaichi Electronics Co. Ltd.

     9,100        148,965  

Yamazen Corp.

     19,900        152,140  

Yaoko Co. Ltd.(a)

     1,100        54,949  

Yellow Hat Ltd.

     11,200        143,434  

Yokogawa Bridge Holdings Corp.

     9,100        158,975  

Yokorei Co. Ltd.

     500        4,047  

Yuasa Trading Co. Ltd.

     2,900        87,982  

Yurtec Corp.

     25,100        149,522  

Zenrin Co. Ltd.

     11,000        70,094  
     

 

 

 
Total Japan

 

     50,206,831  
Malaysia – 0.1%

 

Frencken Group Ltd.(a)

     124,300        82,662  
Netherlands – 0.9%

 

AMG Critical Materials NV

     3,364        174,294  

Brunel International NV

     11,856        154,443  

Corbion NV

     5,572        132,888  

ForFarmers NV(a)

     37,365        112,104  

Heijmans NV, CVA

     15,870        187,686  

Ordina NV

     28,395        175,651  

RHI Magnesita NV

     18,513        624,188  

Sligro Food Group NV

     4,891        84,097  
     

 

 

 
Total Netherlands

 

     1,645,351  
Norway – 3.4%

 

ABG Sundal Collier Holding ASA

     216,454        105,262  

AF Gruppen ASA

     4,146        51,469  

Aker Solutions ASA

     17,477        63,457  

AMSC ASA*

     25,949        96,762  

Atea ASA*

     23,523      342,518  

Austevoll Seafood ASA

     57,209        395,952  

Belships ASA

     193,391        304,702  

Bonheur ASA

     2,909        70,597  

Borregaard ASA

     8,653        128,258  

Bouvet ASA

     20,160        122,124  

DNO ASA(a)

     246,759        217,771  

Elopak ASA

     32,795        71,476  

Entra ASA(a)(b)

     40,138        364,532  

Europris ASA(b)

     48,239        322,387  

Grieg Seafood ASA(a)

     24,324        152,343  

Kid ASA(a)(b)

     14,339        100,915  

MPC Container Ships ASA

     390,621        667,591  

OKEA ASA

     35,987        103,189  

Pareto Bank ASA

     19,011        88,635  

Protector Forsikring ASA

     22,127        341,192  

Rana Gruber ASA

     39,323        205,175  

Selvaag Bolig ASA

     22,697        68,429  

SpareBank 1 Nord Norge

     28,365        257,080  

SpareBank 1 Oestlandet

     12,184        147,843  

SpareBank 1 SMN

     36,858        485,085  

Sparebanken Vest

     11,091        106,629  

TGS ASA

     18,797        280,195  

Veidekke ASA

     25,512        273,848  
     

 

 

 
Total Norway

 

     5,935,416  
Portugal – 1.5%

 

Altri SGPS SA(a)

     41,920        190,348  

Banco Comercial Portugues SA, Class R*

     539,812        129,330  

Corticeira Amorim SGPS SA

     19,485        205,566  

CTT – Correios de Portugal SA

     35,312        134,261  

Greenvolt-Energias Renovaveis SA*

     1        9  

NOS SGPS SA

     228,694        812,389  

REN – Redes Energeticas Nacionais SGPS SA

     282,984        770,296  

Sonae SGPS SA

     502,730        494,179  
     

 

 

 
Total Portugal

 

     2,736,378  
Singapore – 3.3%

 

AEM Holdings Ltd.(a)

     86,400        236,852  

Aztech Global Ltd.

     222,000        118,107  

Capitaland India Trust

     407,200        343,007  

Geo Energy Resources Ltd.(a)

     1,100,200        182,913  

Hour Glass Ltd.

     215,200        318,026  

Japfa Ltd.(a)

     236,400        37,556  

Jiutian Chemical Group Ltd.

     2,632,500        106,985  

Kenon Holdings Ltd.

     22,570        526,093  

Keppel DC REIT

     570,000        909,742  

Keppel Infrastructure Trust

     1,785,250        672,758  

Parkway Life Real Estate Investment Trust

     166,600        480,098  

Raffles Medical Group Ltd.

     201,100        202,088  

Samudera Shipping Line Ltd.(a)

     403,800        258,091  

Sheng Siong Group Ltd.

     427,200        517,684  

Silverlake Axis Ltd.

     432,600        97,494  

Singapore Post Ltd.

     454,200        151,025  

StarHub Ltd.

     283,800        218,090  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  

UMS Holdings Ltd.(a)

     295,225      $ 231,232  

Wing Tai Holdings Ltd.

     211,900        230,164  
     

 

 

 
Total Singapore

 

     5,838,005  
Spain – 2.0%

 

Almirall SA(a)

     16,470        136,113  

Applus Services SA

     16,713        179,877  

Atresmedia Corp. de Medios de Comunicacion SA(a)

     126,745        482,870  

Construcciones y Auxiliar de Ferrocarriles SA(a)

     5,890        197,599  

Ence Energia y Celulosa SA(a)

     89,521        281,868  

Ercros SA

     21,160        73,643  

Faes Farma SA(a)

     93,290        323,659  

Gestamp Automocion SA(b)

     65,458        307,797  

Global Dominion Access SA(b)

     17,277        73,983  

Indra Sistemas SA(a)

     14,175        179,084  

Linea Directa Aseguradora SA Cia de Seguros y Reaseguros(a)

     270,874        243,807  

Neinor Homes SA*(b)

     15,978        160,897  

Pharma Mar SA

     820        27,250  

Prosegur Cash SA(a)(b)

     135,167        87,596  

Prosegur Cia de Seguridad SA(a)

     128,470        228,182  

Sacyr SA(a)

     149,310        509,543  

Talgo SA*(a)(b)

     16,710        61,073  
     

 

 

 
Total Spain

 

     3,554,841  
Sweden – 6.0%

 

AcadeMedia AB(b)

     18,310        85,352  

AddLife AB, Class B

     9,376        105,641  

AFRY AB

     20,399        300,660  

Akelius Residential Property AB, Class D

     73,103        143,879  

Alimak Group AB(b)

     8,819        68,747  

Atrium Ljungberg AB, Class B(a)

     21,670        374,364  

Beijer Alma AB

     7,689        160,524  

Betsson AB, Class B*

     27,077        287,784  

Bilia AB, Class A

     27,266        283,734  

Bravida Holding AB(b)

     30,758        295,013  

Bufab AB

     3,190        108,920  

Catella AB

     24,441        59,964  

Catena AB

     4,886        178,589  

Clas Ohlson AB, Class B(a)

     23,717        177,637  

Cloetta AB, Class B

     67,227        122,052  

Coor Service Management Holding AB(b)

     29,568        144,811  

Corem Property Group AB, Class B(a)

     281,408        131,959  

Dios Fastigheter AB

     32,730        208,629  

Dometic Group AB(b)

     61,269        402,738  

Electrolux Professional AB, Class B

     19,510        105,666  

Elekta AB, Class B(a)

     69,046        532,741  

Fagerhult AB(a)

     15,315        96,983  

Granges AB

     16,608        158,218  

HMS Networks AB

     2,701        132,033  

Instalco AB

     24,019        119,747  

Inwido AB

     18,921        171,933  

JM AB

     26,659        354,670  

KNOW IT AB

     4,969        80,231  

Lagercrantz Group AB, Class B

     17,656      227,212  

Lindab International AB

     12,197        173,222  

Loomis AB

     10,223        297,756  

MEKO AB

     10,260        105,817  

MIPS AB(a)

     2,233        110,438  

Munters Group AB(b)

     11,378        128,830  

Mycronic AB

     8,814        217,875  

NCC AB, Class B

     27,140        236,818  

New Wave Group AB, Class B(a)

     12,422        109,070  

Nolato AB, Class B

     39,479        185,310  

Nordic Paper Holding AB

     32,924        94,798  

Nordic Waterproofing Holding AB

     6,182        78,868  

Peab AB, Class B

     100,865        400,050  

Platzer Fastigheter Holding AB, Class B

     16,026        118,548  

Ratos AB, Class B

     40,322        112,813  

Resurs Holding AB(b)

     104,072        193,088  

Rottneros AB

     44,728        47,953  

Sagax AB, Class D

     69,649        168,298  

Samhallsbyggnadsbolaget i Norden AB, Class D(a)

     122,500        50,332  

Sectra AB, Class B*

     6,426        107,623  

Skandinaviska Enskilda Banken AB, Class C(a)

     1,696        19,784  

SkiStar AB

     5,604        59,873  

SSAB AB, Class A

     188,962        1,340,419  

Svenska Handelsbanken AB, Class B(a)

     3,177        31,649  

Synsam AB

     19,626        80,766  

Tethys Oil AB*

     5,950        26,854  

Troax Group AB

     6,144        121,045  

Wihlborgs Fastigheter AB(a)

     62,143        448,757  
     

 

 

 
Total Sweden

 

     10,687,085  
Switzerland – 1.5%

 

Arbonia AG

     8,619        97,495  

Comet Holding AG, Registered Shares

     933        238,191  

Huber + Suhner AG, Registered Shares

     3,100        255,720  

Landis & Gyr Group AG*(a)

     4,985        427,930  

Medmix AG(b)

     6,647        175,713  

Mobilezone Holding AG, Registered Shares

     17,145        262,929  

Sulzer AG, Registered Shares

     8,481        728,988  

Swissquote Group Holding SA, Registered Shares

     1,441        299,104  

u-blox Holding AG*

     662        72,590  

Zehnder Group AG

     1,492        120,741  
     

 

 

 
Total Switzerland

 

     2,679,401  
United Kingdom – 14.1%

 

AG Barr PLC

     19,986        119,423  

AJ Bell PLC

     40,896        166,898  

Alliance Pharma PLC(a)

     76,158        48,267  

Ashmore Group PLC

     271,171        717,087  

Assura PLC

     1,091,877        630,224  

Begbies Traynor Group PLC

     22,922        38,394  

Bloomsbury Publishing PLC

     23,271        128,993  

Bodycote PLC

     33,182        270,412  

Bridgepoint Group PLC(a)(b)(c)

     107,459        276,788  

Bytes Technology Group PLC

     25,643        171,972  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  

Central Asia Metals PLC

     99,617      $ 228,220  

Chemring Group PLC

     37,020        133,195  

Chesnara PLC

     43,712        150,326  

Clarkson PLC

     4,514        169,871  

Close Brothers Group PLC

     44,334        496,849  

CLS Holdings PLC

     122,098        209,870  

CMC Markets PLC(b)

     65,799        128,659  

Coats Group PLC

     220,070        194,731  

Concentric AB

     3,764        71,612  

Craneware PLC(a)

     3,126        54,248  

Cranswick PLC

     9,291        383,421  

Crest Nicholson Holdings PLC

     93,130        223,067  

Currys PLC

     249,689        166,181  

CVS Group PLC

     1,652        41,564  

DFS Furniture PLC

     84,969        116,667  

DiscoverIE Group PLC

     7,784        83,128  

Diversified Energy Co. PLC

     455,981        512,465  

Domino’s Pizza Group PLC

     88,114        309,186  

Dunelm Group PLC

     44,334        631,841  

EMIS Group PLC

     6,187        107,762  

Empiric Student Property PLC

     231,449        247,761  

Essentra PLC

     40,970        84,486  

FDM Group Holdings PLC

     30,346        216,436  

Fevertree Drinks PLC

     9,724        150,700  

Firstgroup PLC

     57,192        106,086  

Forterra PLC(b)

     84,090        172,763  

FRP Advisory Group PLC

     38,867        61,767  

Galliford Try Holdings PLC

     40,284        99,665  

Gamma Communications PLC

     5,781        83,933  

Genuit Group PLC

     48,038        179,250  

Genus PLC

     3,697        101,806  

Grainger PLC

     78,465        226,647  

Great Portland Estates PLC

     30,016        158,368  

Greggs PLC

     13,633        442,668  

Halfords Group PLC

     51,712        141,744  

Hammerson PLC(a)

     484,381        153,339  

Headlam Group PLC

     36,963        117,012  

Helical PLC

     28,005        92,571  

Henry Boot PLC

     8,292        22,138  

Hill & Smith PLC

     11,073        211,447  

Hilton Food Group PLC

     19,553        155,118  

Hunting PLC

     24,839        62,969  

I3 Energy PLC

     402,451        70,916  

Ibstock PLC(b)

     152,991        272,113  

Impax Asset Management Group PLC

     21,242        153,664  

IntegraFin Holdings PLC

     63,626        191,712  

iomart Group PLC

     26,964        59,237  

Jadestone Energy PLC

     128,897        57,356  

James Halstead PLC(a)

     47,217        126,662  

Kainos Group PLC

     10,623        166,389  

Keller Group PLC

     16,895        150,356  

Learning Technologies Group PLC

     61,336        64,450  

Liontrust Asset Management PLC

     29,404        267,661  

Londonmetric Property PLC

     316,255        665,025  

Lookers PLC

     112,602        171,215  

LSL Property Services PLC

     19,171      68,245  

ME Group International PLC

     164,405        341,951  

Mears Group PLC

     32,978        122,006  

Mitie Group PLC

     176,650        216,499  

MJ Gleeson PLC(a)

     15,085        71,727  

Moneysupermarket.com Group PLC

     156,216        537,823  

Morgan Advanced Materials PLC

     55,950        195,258  

Morgan Sindall Group PLC

     12,895        300,011  

Mortgage Advice Bureau Holdings Ltd.(a)

     8,235        61,770  

NCC Group PLC

     37,794        46,464  

Next 15 Group PLC

     8,007        69,120  

Ninety One PLC(a)

     214,474        458,088  

Oxford Instruments PLC

     3,470        120,436  

Pagegroup PLC

     147,617        753,695  

Pan African Resources PLC

     489,654        77,940  

PayPoint PLC

     28,310        173,661  

Pets at Home Group PLC

     96,242        460,798  

Premier Foods PLC

     46,011        74,524  

Primary Health Properties PLC(a)

     322,886        391,824  

PZ Cussons PLC

     64,242        132,312  

Quilter PLC(b)

     374,788        377,378  

Redde Northgate PLC

     72,869        347,408  

Redrow PLC

     120,635        676,359  

Ricardo PLC

     10,498        76,343  

RWS Holdings PLC

     70,488        210,954  

Safestore Holdings PLC

     41,446        447,359  

Savills PLC

     27,747        300,200  

Serica Energy PLC

     100,754        269,509  

Shaftesbury Capital PLC

     80,221        117,389  

Smart Metering Systems PLC

     27,370        239,402  

Speedy Hire PLC

     236,211        108,411  

Spirent Communications PLC

     57,828        120,278  

SThree PLC

     22,583        98,048  

TBC Bank Group PLC

     17,594        552,493  

Telecom Plus PLC

     15,142        325,338  

TORM PLC, Class A

     13,209        317,797  

TP ICAP Group PLC

     188,112        361,604  

Travis Perkins PLC

     43,770        452,076  

TT Electronics PLC

     38,012        76,163  

Tyman PLC

     58,238        189,915  

Vesuvius PLC

     76,979        389,903  

Victrex PLC

     12,729        225,268  

VIDENDUM PLC

     11,164        98,218  

Virgin Money UK PLC

     184,438        350,673  

Volution Group PLC

     19,657        94,516  

Watkin Jones PLC(a)

     122,671        111,354  

Wickes Group PLC

     121,817        189,718  

Wincanton PLC

     31,475        100,640  

Workspace Group PLC

     49,754        299,069  

XPS Pensions Group PLC

     58,568        129,934  

Young & Co.’s Brewery PLC, Class A

     3,797        57,928  
     

 

 

 
Total United Kingdom

 

     25,072,548  

TOTAL COMMON STOCKS

(Cost: $168,959,885)

 

 

     175,974,656  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

 

 

Investments    Shares      Value  
RIGHTS – 0.0%

 

Australia – 0.0%

 

Abacus Property Group, expiring 7/27/23*

     77,429      $ 0  
Singapore – 0.0%

 

CapitaLand India Trust Management Pte. Ltd., expiring 7/10/23*

     46,743        2,763  
Spain – 0.0%

 

Sacyr SA, expiring 7/4/23*(a)

     144,002        12,898  

TOTAL RIGHTS

(Cost: $12,271)

 

 

     15,661  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.7%

 

United States – 7.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(d)

     
(Cost: $13,610,754)      13,610,754        13,610,754  

TOTAL INVESTMENTS IN SECURITIES – 106.9%

(Cost: $182,582,910)

 

 

     189,601,071  

Other Assets less Liabilities – (6.9)%

 

     (12,303,185
     

 

 

 
NET ASSETS – 100.0%

 

   $ 177,297,886  
* 

Non-income producing security.

 

 

Share amount represents a fractional share.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $28,168,424 and the total market value of the collateral held by the Fund was $29,725,254. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $16,114,500.

 

(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) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

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
 

Barclays Bank PLC

    7/6/2023       3,333,081       AUD       2,218,742       USD     $     $ (15

Barclays Bank PLC

    7/6/2023       149,551       CHF       167,177       USD       1        

Barclays Bank PLC

    7/6/2023       1,026,307       DKK       150,386       USD       1        

Barclays Bank PLC

    7/6/2023       1,042,228       EUR       1,137,111       USD       13        

Barclays Bank PLC

    7/6/2023       2,008,102       GBP       2,552,994       USD       22        

Barclays Bank PLC

    7/6/2023       2,180,058       ILS       587,495       USD             (17

Barclays Bank PLC

    7/6/2023       673,343,927       JPY       4,659,323       USD       56        

Barclays Bank PLC

    7/6/2023       5,802,589       NOK       541,627       USD       3        

Barclays Bank PLC

    7/6/2023       3,485,924       SEK       322,743       USD       3        

Barclays Bank PLC

    7/6/2023       1,075,593       SGD       794,807       USD             (14

Barclays Bank PLC

    7/6/2023       2,072,671       USD       3,198,635       AUD             (56,560

Barclays Bank PLC

    7/6/2023       157,918       USD       233,998       AUD       2,153        

Barclays Bank PLC

    7/6/2023       156,171       USD       142,208       CHF             (2,799

Barclays Bank PLC

    7/6/2023       11,899       USD       10,707       CHF             (70

Barclays Bank PLC

    7/6/2023       140,485       USD       979,086       DKK             (2,982

Barclays Bank PLC

    7/6/2023       10,704       USD       74,039       DKK             (145

Barclays Bank PLC

    7/6/2023       1,062,249       USD       994,376       EUR             (22,667

Barclays Bank PLC

    7/6/2023       80,933       USD       75,138       EUR             (1,046

Barclays Bank PLC

    7/6/2023       2,384,919       USD       1,922,821       GBP             (59,675

Barclays Bank PLC

    7/6/2023       181,708       USD       144,367       GBP             (1,834

Barclays Bank PLC

    7/6/2023       548,818       USD       2,046,650       ILS             (2,710

Barclays Bank PLC

    7/6/2023       41,814       USD       149,993       ILS       1,394        

Barclays Bank PLC

    7/6/2023       4,352,576       USD       604,907,519       JPY       166,760        

Barclays Bank PLC

    7/6/2023       331,625       USD       46,055,881       JPY       12,929        

Barclays Bank PLC

    7/6/2023       505,969       USD       5,628,773       NOK             (19,436

Barclays Bank PLC

    7/6/2023       38,550       USD       413,795       NOK             (75

Barclays Bank PLC

    7/6/2023       301,495       USD       3,275,228       SEK             (1,743

Barclays Bank PLC

    7/6/2023       22,971       USD       248,448       SEK             (32

Barclays Bank PLC

    7/6/2023       742,481       USD       1,004,899       SGD             (74

Barclays Bank PLC

    7/6/2023       56,570       USD       75,936       SGD       458        

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

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
 

Barclays Bank PLC

    8/3/2023       5,330,774       USD       8,002,087       AUD     $     $ (219

Barclays Bank PLC

    8/3/2023       1,052,039       USD       7,167,981       DKK             (43

Barclays Bank PLC

    8/3/2023       8,078,303       USD       7,394,104       EUR             (113

Barclays Bank PLC

    8/3/2023       5,048,888       USD       3,970,447       GBP       11        

Barclays Bank PLC

    8/3/2023       597,903       USD       2,217,271       ILS             (41

Barclays Bank PLC

    8/3/2023       11,105,551       USD       1,598,192,070       JPY             (350

Barclays Bank PLC

    8/3/2023       1,274,118       USD       13,636,575       NOK             (58

Barclays Bank PLC

    8/3/2023       2,306,921       USD       24,886,044       SEK             (63

Barclays Bank PLC

    8/3/2023       804,574       USD       1,087,765       SGD             (10

Barclays Bank PLC

    8/4/2023       590,320       USD       526,541       CHF             (22

Citibank NA

    7/6/2023       3,333,133       AUD       2,218,743       USD       19        

Citibank NA

    7/6/2023       149,552       CHF       167,177       USD       2        

Citibank NA

    7/6/2023       1,026,311       DKK       150,386       USD       1        

Citibank NA

    7/6/2023       1,042,223       EUR       1,137,110       USD       9        

Citibank NA

    7/6/2023       2,008,103       GBP       2,552,996       USD       22        

Citibank NA

    7/6/2023       2,180,098       ILS       587,496       USD             (7

Citibank NA

    7/6/2023       673,341,741       JPY       4,659,324       USD       40        

Citibank NA

    7/6/2023       5,802,596       NOK       541,627       USD       4        

Citibank NA

    7/6/2023       3,485,924       SEK       322,743       USD       3        

Citibank NA

    7/6/2023       1,075,597       SGD       794,807       USD             (11

Citibank NA

    7/6/2023       2,072,671       USD       3,198,611       AUD             (56,544

Citibank NA

    7/6/2023       156,171       USD       142,204       CHF             (2,794

Citibank NA

    7/6/2023       140,485       USD       979,041       DKK             (2,976

Citibank NA

    7/6/2023       1,062,249       USD       994,378       EUR             (22,669

Citibank NA

    7/6/2023       2,384,919       USD       1,922,821       GBP             (59,675

Citibank NA

    7/6/2023       548,818       USD       2,046,700       ILS             (2,723

Citibank NA

    7/6/2023       4,352,576       USD       604,916,224       JPY       166,700        

Citibank NA

    7/6/2023       505,969       USD       5,628,655       NOK             (19,425

Citibank NA

    7/6/2023       301,495       USD       3,275,183       SEK             (1,739

Citibank NA

    7/6/2023       742,481       USD       1,004,921       SGD             (90

Citibank NA

    8/3/2023       5,330,774       USD       8,002,014       AUD             (171

Citibank NA

    8/3/2023       1,052,038       USD       7,168,037       DKK             (52

Citibank NA

    8/3/2023       8,078,303       USD       7,394,016       EUR             (17

Citibank NA

    8/3/2023       5,048,888       USD       3,970,544       GBP             (112

Citibank NA

    8/3/2023       597,902       USD       2,217,200       ILS             (23

Citibank NA

    8/3/2023       11,105,550       USD       1,598,184,152       JPY             (296

Citibank NA

    8/3/2023       1,274,117       USD       13,636,653       NOK             (66

Citibank NA

    8/3/2023       2,306,923       USD       24,886,352       SEK             (89

Citibank NA

    8/3/2023       804,576       USD       1,087,777       SGD             (18

Citibank NA

    8/4/2023       590,322       USD       526,541       CHF             (20

Goldman Sachs

    7/6/2023       70,947       AUD       47,386       USD             (159

Goldman Sachs

    7/6/2023       3,192       CHF       3,570       USD             (2

Goldman Sachs

    7/6/2023       21,915       DKK       3,212       USD             (1

Goldman Sachs

    7/6/2023       22,253       EUR       24,285       USD             (6

Goldman Sachs

    7/6/2023       42,896       GBP       54,524       USD       12        

Goldman Sachs

    7/6/2023       45,582       ILS       12,547       USD             (263

Goldman Sachs

    7/6/2023       14,266,504       JPY       99,509       USD             (788

Goldman Sachs

    7/6/2023       123,794       NOK       11,568       USD             (13

Goldman Sachs

    7/6/2023       73,733       SEK       6,893       USD             (66

Goldman Sachs

    7/6/2023       22,970       SGD       16,974       USD             (0 )^ 

Goldman Sachs

    7/6/2023       157,918       USD       235,267       AUD       1,308        

Goldman Sachs

    7/6/2023       11,899       USD       10,693       CHF             (55

Goldman Sachs

    7/6/2023       10,704       USD       73,942       DKK             (131

Goldman Sachs

    7/6/2023       80,933       USD       75,042       EUR             (942

Goldman Sachs

    7/6/2023       181,708       USD       144,899       GBP             (2,511

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

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
 

Goldman Sachs

    7/6/2023       41,814       USD       152,710       ILS     $ 662     $  

Goldman Sachs

    7/6/2023       331,625       USD       45,919,540       JPY       13,873        

Goldman Sachs

    7/6/2023       38,550       USD       419,429       NOK             (601

Goldman Sachs

    7/6/2023       22,971       USD       248,131       SEK             (2

Goldman Sachs

    7/6/2023       56,570       USD       75,944       SGD       453        

JP Morgan Chase Bank NA

    7/6/2023       3,333,143       AUD       2,218,743       USD       25        

JP Morgan Chase Bank NA

    7/6/2023       149,552       CHF       167,177       USD       2        

JP Morgan Chase Bank NA

    7/6/2023       1,026,313       DKK       150,386       USD       1        

JP Morgan Chase Bank NA

    7/6/2023       1,042,227       EUR       1,137,110       USD       13        

JP Morgan Chase Bank NA

    7/6/2023       2,008,108       GBP       2,552,996       USD       28        

JP Morgan Chase Bank NA

    7/6/2023       2,180,092       ILS       587,496       USD             (8

JP Morgan Chase Bank NA

    7/6/2023       673,342,673       JPY       4,659,324       USD       47        

JP Morgan Chase Bank NA

    7/6/2023       5,802,557       NOK       541,627       USD             (0 )^ 

JP Morgan Chase Bank NA

    7/6/2023       3,485,931       SEK       322,743       USD       3        

JP Morgan Chase Bank NA

    7/6/2023       1,075,600       SGD       794,807       USD             (8

JP Morgan Chase Bank NA

    8/3/2023       5,330,774       USD       8,002,039       AUD             (187

JP Morgan Chase Bank NA

    8/3/2023       1,052,038       USD       7,167,985       DKK             (45

JP Morgan Chase Bank NA

    8/3/2023       8,078,303       USD       7,394,071       EUR             (76

JP Morgan Chase Bank NA

    8/3/2023       5,048,888       USD       3,970,406       GBP       63        

JP Morgan Chase Bank NA

    8/3/2023       597,902       USD       2,217,268       ILS             (41

JP Morgan Chase Bank NA

    8/3/2023       11,105,550       USD       1,598,189,705       JPY             (334

JP Morgan Chase Bank NA

    8/3/2023       1,274,117       USD       13,636,315       NOK             (35

JP Morgan Chase Bank NA

    8/3/2023       2,306,923       USD       24,886,308       SEK             (85

JP Morgan Chase Bank NA

    8/3/2023       804,576       USD       1,087,749       SGD       3        

JP Morgan Chase Bank NA

    8/4/2023       590,322       USD       526,542       CHF             (21

Morgan Stanley & Co. International

    7/6/2023       315,836       USD       472,938       AUD       1,016        

Morgan Stanley & Co. International

    7/6/2023       23,798       USD       21,356       CHF             (75

Morgan Stanley & Co. International

    7/6/2023       21,407       USD       146,406       DKK             (46

Morgan Stanley & Co. International

    7/6/2023       161,866       USD       148,673       EUR             (344

Morgan Stanley & Co. International

    7/6/2023       363,416       USD       285,923       GBP             (95

Morgan Stanley & Co. International

    7/6/2023       83,630       USD       303,449       ILS       1,857        

Morgan Stanley & Co. International

    7/6/2023       663,250       USD       95,207,578       JPY       4,436        

Morgan Stanley & Co. International

    7/6/2023       77,100       USD       837,701       NOK             (1,093

Morgan Stanley & Co. International

    7/6/2023       45,942       USD       493,603       SEK       242        

Morgan Stanley & Co. International

    7/6/2023       113,140       USD       153,033       SGD       59        

Royal Bank of Canada

    7/6/2023       3,333,133       AUD       2,218,743       USD       19        

Royal Bank of Canada

    7/6/2023       149,552       CHF       167,177       USD       2        

Royal Bank of Canada

    7/6/2023       1,026,299       DKK       150,386       USD             (1

Royal Bank of Canada

    7/6/2023       1,042,274       EUR       1,137,110       USD       66        

Royal Bank of Canada

    7/6/2023       2,008,106       GBP       2,552,996       USD       26        

Royal Bank of Canada

    7/6/2023       2,180,135       ILS       587,496       USD       3        

Royal Bank of Canada

    7/6/2023       673,348,940       JPY       4,659,324       USD       90        

Royal Bank of Canada

    7/6/2023       5,802,522       NOK       541,627       USD             (3

Royal Bank of Canada

    7/6/2023       3,485,914       SEK       322,743       USD       2        

Royal Bank of Canada

    7/6/2023       1,075,590       SGD       794,807       USD             (16

Royal Bank of Canada

    7/6/2023       2,072,672       USD       3,198,390       AUD             (56,396

Royal Bank of Canada

    7/6/2023       156,169       USD       142,201       CHF             (2,793

Royal Bank of Canada

    7/6/2023       140,486       USD       979,023       DKK             (2,972

Royal Bank of Canada

    7/6/2023       1,062,247       USD       994,379       EUR             (22,672

Royal Bank of Canada

    7/6/2023       2,384,917       USD       1,922,774       GBP             (59,618

Royal Bank of Canada

    7/6/2023       548,818       USD       2,046,778       ILS             (2,744

Royal Bank of Canada

    7/6/2023       4,352,576       USD       604,926,222       JPY       166,631        

Royal Bank of Canada

    7/6/2023       505,969       USD       5,628,618       NOK             (19,422

Royal Bank of Canada

    7/6/2023       301,496       USD       3,275,058       SEK             (1,726

Royal Bank of Canada

    7/6/2023       742,479       USD       1,004,895       SGD             (73

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2023

 

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
 

Royal Bank of Canada

    8/3/2023       5,330,774       USD       8,002,147       AUD     $     $ (259

Royal Bank of Canada

    8/3/2023       1,052,038       USD       7,168,139       DKK             (67

Royal Bank of Canada

    8/3/2023       8,078,303       USD       7,394,436       EUR             (475

Royal Bank of Canada

    8/3/2023       5,048,888       USD       3,970,466       GBP             (12

Royal Bank of Canada

    8/3/2023       597,902       USD       2,218,610       ILS             (403

Royal Bank of Canada

    8/3/2023       11,105,550       USD       1,598,210,195       JPY             (477

Royal Bank of Canada

    8/3/2023       1,274,117       USD       13,636,574       NOK             (59

Royal Bank of Canada

    8/3/2023       2,306,923       USD       24,886,093       SEK             (65

Royal Bank of Canada

    8/3/2023       804,576       USD       1,087,758       SGD             (3

Royal Bank of Canada

    8/4/2023       590,322       USD       526,550       CHF             (30

Standard Chartered Bank

    7/6/2023       2,072,671       USD       3,198,581       AUD             (56,524

Standard Chartered Bank

    7/6/2023       156,171       USD       142,199       CHF             (2,788

Standard Chartered Bank

    7/6/2023       140,485       USD       979,138       DKK             (2,990

Standard Chartered Bank

    7/6/2023       1,062,249       USD       994,382       EUR             (22,674

Standard Chartered Bank

    7/6/2023       2,384,919       USD       1,922,784       GBP             (59,627

Standard Chartered Bank

    7/6/2023       548,818       USD       2,046,789       ILS             (2,747

Standard Chartered Bank

    7/6/2023       4,352,576       USD       604,921,012       JPY       166,667        

Standard Chartered Bank

    7/6/2023       505,969       USD       5,628,839       NOK             (19,443

Standard Chartered Bank

    7/6/2023       301,495       USD       3,275,321       SEK             (1,752

Standard Chartered Bank

    7/6/2023       742,481       USD       1,004,883       SGD             (62
                                            $ 708,213     $ (689,256
^

Amount represents less than $1.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 175,974,656      $      $      $ 175,974,656  

Rights

           

Australia

                   0 *       0  

Singapore

            2,763               2,763  

Spain

     12,898                      12,898  

Investment of Cash Collateral for Securities Loaned

            13,610,754               13,610,754  

Total Investments in Securities

   $ 175,987,554      $ 13,613,517      $ 0      $ 189,601,071  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 708,213      $      $ 708,213  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (689,256    $      $ (689,256

Total – Net

   $ 175,987,554      $ 13,632,474      $ 0      $ 189,620,028  
*

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Schedule of Investments

WisdomTree Emerging Markets ESG Fund (RESE)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 97.7%

 

Brazil – 5.8%

 

Ambev SA

     33,353      $ 106,544  

B3 SA – Brasil Bolsa Balcao

     39,469        119,536  

Banco Santander Brasil SA

     11,600        73,654  

CCR SA

     25,303        73,696  

CPFL Energia SA

     9,288        66,214  

Energisa SA

     6,365        66,236  

Equatorial Energia SA

     10,398        69,299  

Hypera SA

     6,452        61,537  

Localiza Rent a Car SA

     6,766        96,076  

Lojas Renner SA

     15,215        63,080  

Magazine Luiza SA*

     37,176        25,971  

Raia Drogasil SA

     12,193        74,816  

Rumo SA

     12,538        57,700  

Suzano SA

     7,497        68,723  

Telefonica Brasil SA

     19,954        178,982  

TIM SA

     24,656        74,724  

TOTVS SA

     9,053        56,262  
     

 

 

 
Total Brazil

 

     1,333,050  
Chile – 0.5%

 

Banco Santander Chile

     1,521,995        71,987  

Cia Cervecerias Unidas SA

     4,773        38,469  
     

 

 

 
Total Chile

 

     110,456  
China – 23.7%

 

3SBio, Inc.(a)

     104,000        104,443  

AAC Technologies Holdings, Inc.(b)

     19,000        44,708  

Alibaba Group Holding Ltd.*

     56,900        589,577  

ANTA Sports Products Ltd.

     11,200        114,407  

Autohome, Inc., ADR

     1,675        48,843  

Avary Holding Shenzhen Co. Ltd., Class A

     8,300        27,713  

Bank of Suzhou Co. Ltd., Class A

     47,900        43,128  

Beijing Kingsoft Office Software, Inc., Class A*

     454        29,470  

Bosideng International Holdings Ltd.

     150,000        63,165  

C&D International Investment Group Ltd.

     25,000        56,657  

Canmax Technologies Co. Ltd., Class A

     4,670        22,981  

China Energy Engineering Corp. Ltd., Class A

     124,200        39,950  

China Medical System Holdings Ltd.

     64,000        104,208  

China Minsheng Banking Corp. Ltd., Class H

     218,800        80,969  

Chow Tai Fook Jewellery Group Ltd.

     52,600        94,506  

Country Garden Services Holdings Co. Ltd.(b)

     69,000        89,105  

Dali Foods Group Co. Ltd.(a)

     207,200        92,540  

Daqo New Energy Corp., ADR*

     770        30,569  

Dongyue Group Ltd.

     78,000        58,326  

East Buy Holding Ltd.*(a)(b)

     22,000        71,587  

ENN Energy Holdings Ltd.

     10,000        124,544  

ENN Natural Gas Co. Ltd., Class A

     8,900        23,220  

Flat Glass Group Co. Ltd., Class H

     10,000        34,135  

Foxconn Industrial Internet Co. Ltd., Class A

     26,600        92,143  

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

     18,800        77,728  

Ganfeng Lithium Group Co. Ltd., Class H*(a)(b)

     12,000        78,248  

GCL Technology Holdings Ltd.(b)

     229,000        52,892  

Geely Automobile Holdings Ltd.

     77,000        93,934  

Great Wall Motor Co. Ltd., Class H(b)

     71,000      81,269  

Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A

     2,600        23,888  

H World Group Ltd., ADR*

     1,764        68,408  

Haidilao International Holding Ltd.(a)(b)

     30,000        65,998  

Haier Smart Home Co. Ltd., Class H

     29,400        92,478  

Hengan International Group Co. Ltd.

     17,600        74,114  

Hubei Jumpcan Pharmaceutical Co. Ltd., Class A*

     5,300        21,157  

Inner Mongolia ERDOS Resources Co. Ltd., Class A

     15,680        19,334  

Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A

     7,900        39,083  

Joincare Pharmaceutical Group Industry Co. Ltd., Class A

     23,800        41,582  

Jointown Pharmaceutical Group Co. Ltd., Class A

     26,671        38,055  

Keda Industrial Group Co. Ltd., Class A

     19,900        31,075  

Kingboard Holdings Ltd.

     17,000        46,315  

Longfor Group Holdings Ltd.(a)

     47,500        115,407  

MINISO Group Holding Ltd., ADR

     2,977        50,579  

Minth Group Ltd.

     30,000        82,306  

NetEase, Inc.

     10,900        212,253  

New Oriental Education & Technology Group, Inc.*

     20,800        81,617  

Nongfu Spring Co. Ltd., Class H(a)(b)

     20,800        114,795  

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

     34,500        219,461  

Sany Heavy Equipment International Holdings Co. Ltd.

     66,000        86,410  

Shandong Weigao Group Medical Polymer Co. Ltd., Class H

     58,800        76,833  

Shanghai Baosight Software Co. Ltd., Class B

     20,604        54,394  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H*(b)

     33,500        89,344  

Shenzhen Kstar Science & Technology Co. Ltd., Class A

     8,600        47,298  

Shenzhen YUTO Packaging Technology Co. Ltd., Class A

     9,800        32,856  

Sichuan Kelun Pharmaceutical Co. Ltd., Class A

     5,100        20,807  

Silergy Corp.

     2,000        24,723  

Sino Biopharmaceutical Ltd.

     201,000        87,463  

TBEA Co. Ltd., Class A*

     6,900        21,142  

Tingyi Cayman Islands Holding Corp.

     58,000        90,146  

Tongwei Co. Ltd., Class A

     4,700        22,166  

Topsports International Holdings Ltd.(a)

     67,000        58,052  

Trip.com Group Ltd., ADR*

     3,413        119,455  

Uni-President China Holdings Ltd.

     75,000        63,165  

Vipshop Holdings Ltd., ADR*

     5,748        94,842  

Want Want China Holdings Ltd.

     125,600        83,342  

Yadea Group Holdings Ltd.(a)

     42,000        95,506  

YongXing Special Materials Technology Co. Ltd., Class A

     2,440        21,000  

Yum China Holdings, Inc.

     2,752        155,488  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ESG Fund (RESE)

June 30, 2023

 

 

 

Investments    Shares      Value  

Zhejiang Supor Co. Ltd., Class A

     3,500      $ 24,056  

ZTO Express Cayman, Inc., ADR

     4,219        105,812  
     

 

 

 
Total China

 

     5,377,170  
Hong Kong – 0.6%

 

Kingboard Laminates Holdings Ltd.

     58,000        54,547  

Vinda International Holdings Ltd.

     31,000        77,138  
     

 

 

 
Total Hong Kong

 

     131,685  
India – 17.7%

 

ABB India Ltd.

     1,429        77,045  

Adani Green Energy Ltd.*

     8,496        97,961  

Adani Total Gas Ltd.

     4,349        34,702  

Ambuja Cements Ltd.*

     16,462        85,464  

Apollo Hospitals Enterprise Ltd.

     804        49,965  

Asian Paints Ltd.

     3,136        128,521  

AU Small Finance Bank Ltd.(a)

     5,309        48,773  

Aurobindo Pharma Ltd.

     3,702        32,823  

Axis Bank Ltd.

     11,867        142,840  

Bajaj Auto Ltd.

     1,320        75,489  

Bajaj Finserv Ltd.

     2,772        51,631  

Balkrishna Industries Ltd.

     1,161        33,547  

Berger Paints India Ltd.

     5,127        42,379  

Bharti Airtel Ltd.

     12,833        137,464  

CG Power & Industrial Solutions Ltd.

     11,944        55,107  

Cipla Ltd.

     5,019        62,095  

Colgate-Palmolive India Ltd.

     2,946        60,621  

Dabur India Ltd.

     9,208        64,310  

DLF Ltd.

     8,532        51,019  

Dr. Reddy’s Laboratories Ltd.

     1,285        80,819  

Eicher Motors Ltd.

     1,188        51,845  

Godrej Consumer Products Ltd.*

     5,564        73,317  

Godrej Properties Ltd.*

     2,466        47,147  

Grasim Industries Ltd.

     2,728        57,683  

Havells India Ltd.

     4,167        65,159  

HCL Technologies Ltd.

     7,015        101,583  

HDFC Life Insurance Co. Ltd.(a)

     6,754        53,613  

Hero MotoCorp Ltd.

     1,811        64,242  

Hindustan Unilever Ltd.

     3,915        127,809  

ICICI Bank Ltd.

     19,847        226,107  

ICICI Lombard General Insurance Co. Ltd.(a)

     3,134        51,362  

ICICI Prudential Life Insurance Co. Ltd.*(a)

     7,582        52,912  

Indus Towers Ltd.*

     57,197        114,518  

Info Edge India Ltd.

     840        45,910  

Infosys Ltd.

     14,384        234,163  

JSW Steel Ltd.

     8,086        77,355  

Jubilant Foodworks Ltd.

     3,870        23,646  

Kotak Mahindra Bank Ltd.

     3,538        79,637  

Marico Ltd.

     13,174        85,264  

Maruti Suzuki India Ltd.

     753        89,852  

Mphasis Ltd.

     1,617        37,353  

Nestle India Ltd.

     308        85,955  

Page Industries Ltd.

     69        31,665  

PI Industries Ltd.

     1,392        66,545  

Samvardhana Motherson International Ltd.

     21,483        22,442  

Siemens Ltd.

     1,215      55,783  

SRF Ltd.

     1,455        40,606  

Sun Pharmaceutical Industries Ltd.

     4,833        61,953  

Tata Elxsi Ltd.

     500        46,251  

Tech Mahindra Ltd.

     5,944        81,937  

Torrent Pharmaceuticals Ltd.

     2,699        62,673  

UltraTech Cement Ltd.

     1,208        122,142  

United Spirits Ltd.*

     3,779        42,020  

UPL Ltd.

     5,588        46,833  

Wipro Ltd.

     16,229        76,984  
     

 

 

 
Total India

 

     4,016,841  
Indonesia – 1.5%

 

Bank Central Asia Tbk PT

     296,600        181,016  

Barito Pacific Tbk PT

     438,591        21,794  

Indofood CBP Sukses Makmur Tbk PT

     41,400        31,273  

Indofood Sukses Makmur Tbk PT

     64,100        31,425  

Sarana Menara Nusantara Tbk PT

     423,000        29,766  

Unilever Indonesia Tbk PT

     191,500        54,413  
     

 

 

 
Total Indonesia

 

     349,687  
Malaysia – 1.3%

 

AMMB Holdings Bhd

     62,300        48,318  

Hong Leong Bank Bhd

     16,600        67,431  

Hong Leong Financial Group Bhd

     13,000        49,187  

Inari Amertron Bhd

     39,300        23,071  

MR DIY Group M Bhd(a)

     125,800        42,854  

Nestle Malaysia Bhd

     2,500        70,166  
     

 

 

 
Total Malaysia

 

     301,027  
Mexico – 4.7%

 

Alfa SAB de CV, Class A

     48,900        30,366  

Arca Continental SAB de CV

     13,202        135,434  

Banco del Bajio SA(a)

     21,600        65,516  

Cemex SAB de CV, Series CPO*

     151,610        106,964  

Coca-Cola Femsa SAB de CV

     13,314        111,074  

Fibra Uno Administracion SA de CV

     51,800        75,508  

Gruma SAB de CV, Class B

     2,039        32,668  

Grupo Aeroportuario del Sureste SAB de CV, Class B

     2,340        65,110  

Grupo Bimbo SAB de CV, Series A(b)

     30,597        163,506  

Grupo Financiero Banorte SAB de CV, Class O

     18,706        154,017  

Kimberly-Clark de Mexico SAB de CV, Class A

     35,140        78,002  

Orbia Advance Corp. SAB de CV

     26,500        56,985  
     

 

 

 
Total Mexico

 

     1,075,150  
Philippines – 0.6%

 

Bank of the Philippine Islands

     26,850        52,922  

International Container Terminal Services, Inc.

     14,250        52,612  

Jollibee Foods Corp.

     5,770        25,004  
     

 

 

 
Total Philippines

 

     130,538  
Poland – 0.3%

 

Cyfrowy Polsat SA

     6,801        27,636  

LPP SA*

     11        37,931  
     

 

 

 
Total Poland

 

     65,567  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Schedule of Investments (continued)

WisdomTree Emerging Markets ESG Fund (RESE)

June 30, 2023

 

 

 

Investments    Shares      Value  
Russia – 0.0%

 

Novolipetsk Steel PJSC*

     27,720      $ 0  

PhosAgro PJSC*

     1,147        0  

PhosAgro PJSC, GDR*(c)

     3        0  

Polyus PJSC*

     435        0  

Polyus PJSC, GDR*(c)

     1        0  

TCS Group Holding PLC, GDR*(c)

     872        0  

X5 Retail Group NV, GDR*(c)

     2,404        0  
     

 

 

 
Total Russia

 

     0  
South Africa – 4.7%

 

Absa Group Ltd.

     10,234        90,962  

Anglo American Platinum Ltd.

     1,182        53,261  

AngloGold Ashanti Ltd.

     3,723        78,393  

Clicks Group Ltd.(b)

     4,247        58,741  

FirstRand Ltd.

     33,790        122,523  

Harmony Gold Mining Co. Ltd.

     14,556        61,063  

Impala Platinum Holdings Ltd.

     8,831        58,583  

Mr. Price Group Ltd.

     6,410        48,929  

Old Mutual Ltd.

     91,929        58,979  

Remgro Ltd.

     5,904        45,957  

Sibanye Stillwater Ltd.

     38,167        58,590  

Standard Bank Group Ltd.

     11,502        108,102  

Vodacom Group Ltd.

     20,991        130,227  

Woolworths Holdings Ltd.

     22,849        86,298  
     

 

 

 
Total South Africa

 

     1,060,608  
South Korea – 14.4%

 

Cheil Worldwide, Inc.

     6,915        95,146  

CJ CheilJedang Corp.

     216        44,179  

Coway Co. Ltd.

     1,216        40,559  

DB Insurance Co. Ltd.

     1,549        87,698  

Doosan Bobcat, Inc.

     759        33,813  

F&F Co. Ltd.

     202        18,335  

Hana Financial Group, Inc.

     2,913        86,661  

Hankook Tire & Technology Co. Ltd.

     2,051        53,546  

Hanon Systems

     5,625        39,061  

HYBE Co. Ltd.*

     137        29,268  

Hyundai Glovis Co. Ltd.

     476        71,419  

Hyundai Steel Co.

     2,012        51,535  

KB Financial Group, Inc.

     3,011        109,115  

Krafton, Inc.*

     154        22,767  

LG Chem Ltd.

     259        131,107  

LG Electronics, Inc.

     988        95,002  

LG Innotek Co. Ltd.

     298        69,997  

LG Uplus Corp.

     15,930        129,722  

Meritz Financial Group, Inc.*

     2,474        77,920  

Mirae Asset Securities Co. Ltd.

     8,576        47,057  

NCSoft Corp.

     123        27,538  

NH Investment & Securities Co. Ltd., Class C

     5,989        43,407  

POSCO Future M Co. Ltd.

     293        78,495  

S-1 Corp.

     767        31,026  

Samsung C&T Corp.

     739        59,281  

Samsung Electro-Mechanics Co. Ltd.

     201        22,043  

Samsung Electronics Co. Ltd.

     16,977        930,246  

Samsung Engineering Co. Ltd.*

     3,470      74,527  

Samsung Fire & Marine Insurance Co. Ltd.

     418        72,963  

Samsung Life Insurance Co. Ltd.

     1,269        64,815  

Samsung SDI Co. Ltd.

     203        103,067  

Samsung SDS Co. Ltd.

     514        47,942  

Samsung Securities Co. Ltd.

     1,614        44,097  

Shinhan Financial Group Co. Ltd.

     3,946        101,821  

SK Hynix, Inc.

     1,848        161,568  

Woori Financial Group, Inc.

     8,557        76,566  
     

 

 

 
Total South Korea

 

     3,273,309  
Taiwan – 18.8%

 

Accton Technology Corp.

     2,000        22,412  

Acer, Inc.

     43,000        43,284  

Advantech Co. Ltd.

     2,000        26,297  

ASE Technology Holding Co. Ltd.

     18,000        63,864  

Asia Cement Corp.

     15,000        21,384  

Asustek Computer, Inc.

     5,000        50,490  

AUO Corp.

     39,000        23,291  

Catcher Technology Co. Ltd.

     4,000        22,540  

Cathay Financial Holding Co. Ltd.

     57,159        79,193  

Cheng Shin Rubber Industry Co. Ltd.

     18,000        23,205  

China Development Financial Holding Corp.*

     155,114        61,758  

Compal Electronics, Inc.

     39,000        36,628  

CTBC Financial Holding Co. Ltd.

     96,720        77,172  

Delta Electronics, Inc.

     10,000        110,613  

E Ink Holdings, Inc.

     8,000        57,795  

E.Sun Financial Holding Co. Ltd.

     88,466        73,995  

Eclat Textile Co. Ltd.

     2,000        32,076  

Evergreen Marine Corp. Taiwan Ltd.

     11,800        35,425  

Far Eastern New Century Corp.

     35,000        37,591  

Far EasTone Telecommunications Co. Ltd.

     52,000        131,233  

Feng TAY Enterprise Co. Ltd.

     6,200        39,118  

Fubon Financial Holding Co. Ltd.

     55,561        108,466  

Globalwafers Co. Ltd.

     1,000        15,958  

Hon Hai Precision Industry Co. Ltd.

     44,880        162,836  

Hotai Motor Co. Ltd.

     1,000        26,136  

Innolux Corp.

     49,000        23,993  

Inventec Corp.

     34,000        47,161  

Largan Precision Co. Ltd.

     500        34,195  

Lite-On Technology Corp., ADR

     18,014        59,865  

MediaTek, Inc.

     6,000        132,544  

Micro-Star International Co. Ltd.

     7,000        39,670  

momo.com, Inc.

     1,200        26,509  

Nan Ya Printed Circuit Board Corp.

     2,000        16,953  

Nanya Technology Corp.

     9,000        20,459  

Nien Made Enterprise Co. Ltd.

     2,000        21,994  

Novatek Microelectronics Corp.

     2,000        27,388  

Pegatron Corp.

     12,000        28,821  

Pou Chen Corp.

     17,000        17,194  

Powerchip Semiconductor Manufacturing Corp.

     22,000        21,863  

Quanta Computer, Inc.

     18,000        87,849  

Realtek Semiconductor Corp.

     2,000        24,884  

Shanghai Commercial & Savings Bank Ltd.

     26,759        39,007  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets ESG Fund (RESE)

June 30, 2023

 

 

 

Investments    Shares      Value  

Shin Kong Financial Holding Co. Ltd.*

     99,297      $ 28,376  

SinoPac Financial Holdings Co. Ltd.

     88,034        49,042  

Synnex Technology International Corp.

     20,150        37,525  

Taishin Financial Holding Co. Ltd.

     75,700        45,938  

Taiwan Mobile Co. Ltd.

     6,000        18,417  

Taiwan Semiconductor Manufacturing Co. Ltd.

     85,000        1,572,027  

Unimicron Technology Corp.

     9,000        50,860  

United Microelectronics Corp.

     48,000        74,748  

Vanguard International Semiconductor Corp.

     7,000        19,779  

Voltronic Power Technology Corp.

     1,000        63,093  

Walsin Lihwa Corp.

     27,000        35,544  

Wan Hai Lines Ltd.

     8,440        15,989  

Winbond Electronics Corp.*

     22,000        19,390  

Wiwynn Corp.

     1,000        45,594  

WPG Holdings Ltd.

     9,000        15,807  

Yageo Corp.

     1,000        15,781  

Yuanta Financial Holding Co. Ltd.

     111,743        82,880  

Zhen Ding Technology Holding Ltd.

     6,000        20,228  
     

 

 

 
Total Taiwan

 

     4,264,127  
Thailand – 2.1%

 

Advanced Info Service PCL, NVDR

     12,100        73,033  

Asset World Corp. PCL, NVDR

     358,000        49,881  

Bangkok Expressway & Metro PCL, NVDR

     164,400        39,645  

Central Pattana PCL, NVDR

     33,100        61,149  

Home Product Center PCL, NVDR

     122,500        48,371  

Indorama Ventures PCL, NVDR

     66,300        64,047  

Intouch Holdings PCL, NVDR

     16,700        34,855  

Kasikornbank PCL, NVDR

     17,300        63,189  

SCG Packaging PCL, NVDR

     54,900        57,680  
     

 

 

 
Total Thailand

 

     491,850  
Turkey – 0.9%

 

Turkcell Iletisim Hizmetleri AS

     104,938        146,116  

Turkiye Is Bankasi AS, Class C

     107,316        57,878  
     

 

 

 
Total Turkey

 

     203,994  
United Kingdom – 0.1%

 

Pepco Group NV*

     2,437        22,085  

TOTAL COMMON STOCKS

(Cost: $19,641,071)

 

 

     22,207,144  
PREFERRED STOCKS – 1.9%

 

Brazil – 1.9%

 

Banco Bradesco SA

     38,872      132,555  

Gerdau SA

     9,094        47,261  

Itau Unibanco Holding SA

     27,419        161,536  

Itausa SA

     46,087        92,097  

TOTAL PREFERRED STOCKS

(Cost: $378,628)

              433,449  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6%

 

United States – 1.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(d)

     
(Cost: $354,008)      354,008        354,008  

TOTAL INVESTMENTS IN SECURITIES – 101.2%

(Cost: $20,373,707)

 

 

     22,994,601  

Other Assets less Liabilities – (1.2)%

 

     (276,351
     

 

 

 
NET ASSETS – 100.0%

 

   $ 22,718,250  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $784,182 and the total market value of the collateral held by the Fund was $831,190. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $477,182.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

           

Russia

   $      $      $ 0 *     $ 0  

Other

     22,207,144                      22,207,144  

Preferred Stocks

     433,449                      433,449  

Investment of Cash Collateral for Securities Loaned

            354,008               354,008  

Total Investments in Securities

   $ 22,640,593      $ 354,008      $ 0      $ 22,994,601  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Schedule of Investments

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

Brazil – 6.2%

 

Aerospace & Defense – 0.1%

 

Embraer SA*

     4,815      $ 18,505  
Banks – 0.5%

 

Banco Bradesco SA

     7,051        21,399  

Banco Santander Brasil SA

     3,028        19,226  

Itau Unibanco Holding SA

     4,077        20,723  

Itausa SA

     7,438        15,018  
     

 

 

 
Total Banks

 

     76,366  
Beverages – 0.6%

 

Ambev SA

     32,004        102,235  
Broadline Retail – 0.1%

 

Magazine Luiza SA*

     17,464        12,200  
Capital Markets – 0.6%

 

B3 SA – Brasil Bolsa Balcao

     32,431        98,221  
Consumer Staples Distribution & Retail – 0.4%

 

Atacadao SA

     3,566        8,279  

Raia Drogasil SA

     7,506        46,057  

Sendas Distribuidora SA

     4,762        13,573  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     67,909  
Diversified Telecommunication Services – 0.1%

 

Telefonica Brasil SA

     2,450        21,976  
Electric Utilities – 0.5%

 

CPFL Energia SA

     1,169        8,334  

Energisa SA

     1,292        13,445  

Equatorial Energia SA

     5,969        39,781  

Transmissora Alianca de Energia Eletrica SA

     1,864        14,544  
     

 

 

 
Total Electric Utilities

 

     76,104  
Electrical Equipment – 0.4%

 

WEG SA

     9,216        72,119  
Food Products – 0.1%

 

BRF SA*

     4,159        7,682  
Ground Transportation – 0.6%

 

Localiza Rent a Car SA

     4,704        66,796  

Rumo SA

     7,252        33,374  
     

 

 

 
Total Ground Transportation

 

     100,170  
Health Care Providers & Services – 0.2%

 

Hapvida Participacoes e Investimentos SA*(a)

     17,421        15,818  

Rede D’Or Sao Luiz SA(a)

     3,537        24,137  
     

 

 

 
Total Health Care Providers & Services

 

     39,955  
Independent Power & Renewable Electricity Producers – 0.1%

 

Engie Brasil Energia SA

     1,861        17,626  
Metals & Mining – 0.1%

 

Cia Siderurgica Nacional SA

     3,525        8,864  
Oil, Gas & Consumable Fuels – 0.5%

 

3R Petroleum Oleo e Gas SA*

     911        5,637  

Cosan SA

     8,413        31,148  

PRIO SA*

     4,248        32,652  

Ultrapar Participacoes SA

     4,733      18,534  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     87,971  
Paper & Forest Products – 0.3%

 

Suzano SA

     5,473        50,169  
Personal Care Products – 0.1%

 

Natura & Co. Holding SA*

     5,976        20,738  
Pharmaceuticals – 0.2%

 

Hypera SA

     2,642        25,199  
Real Estate Management & Development – 0.1%

 

Multiplan Empreendimentos Imobiliarios SA

     1,847        10,594  
Software – 0.1%

 

TOTVS SA

     3,082        19,154  
Specialty Retail – 0.2%

 

Vibra Energia SA

     9,093        34,023  
Textiles, Apparel & Luxury Goods – 0.1%

 

Arezzo Industria e Comercio SA

     384        6,294  

Grupo De Moda Soma SA

     3,549        8,828  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     15,122  
Transportation Infrastructure – 0.1%

 

CCR SA

     7,835        22,819  
Wireless Telecommunication Services – 0.1%

 

TIM SA

     5,368        16,269  
Total Brazil

 

     1,021,990  
Chile – 0.5%

 

Banks – 0.2%

 

Banco de Chile

     166,533        17,375  

Banco de Credito e Inversiones SA

     258        7,879  

Banco Santander Chile

     224,304        10,609  
     

 

 

 
Total Banks

 

     35,863  
Broadline Retail – 0.0%

 

Falabella SA

     3,213        7,711  
Consumer Staples Distribution & Retail – 0.1%

 

Cencosud SA

     5,154        9,984  
Marine Transportation – 0.0%

 

Cia Sud Americana de Vapores SA

     66,971        4,546  
Oil, Gas & Consumable Fuels – 0.1%

 

Empresas COPEC SA

     1,421        10,541  
Paper & Forest Products – 0.1%

 

Empresas CMPC SA

     5,006        9,573  
Total Chile

 

     78,218  
Czech Republic – 0.2%

 

Banks – 0.2%

 

Komercni Banka AS

     1,116        34,054  
Hungary – 0.4%

 

Banks – 0.2%

 

OTP Bank Nyrt

     876        31,080  
Oil, Gas & Consumable Fuels – 0.1%

 

MOL Hungarian Oil & Gas PLC

     2,002        17,497  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  
Pharmaceuticals – 0.1%

 

Richter Gedeon Nyrt

     485      $ 11,944  
Total Hungary

 

     60,521  
India – 25.4%

 

Automobile Components – 0.7%

 

Apollo Tyres Ltd.*

     1,541        7,640  

Balkrishna Industries Ltd.

     372        10,749  

Bharat Forge Ltd.

     1,211        12,353  

Bosch Ltd.

     42        9,749  

Motherson Sumi Wiring India Ltd.

     9,531        6,704  

MRF Ltd.

     17        20,984  

Samvardhana Motherson International Ltd.

     8,632        9,017  

Sona Blw Precision Forgings Ltd.(a)

     929        5,842  

Sundram Fasteners Ltd.

     546        8,099  

Tube Investments of India Ltd.

     564        21,827  

UNO Minda Ltd.

     893        6,333  
     

 

 

 
Total Automobile Components

 

     119,297  
Automobiles – 2.1%

 

Bajaj Auto Ltd.

     383        21,903  

Eicher Motors Ltd.

     732        31,945  

Hero MotoCorp Ltd.

     654        23,200  

Mahindra & Mahindra Ltd.

     5,280        93,556  

Maruti Suzuki India Ltd.

     682        81,380  

Tata Motors Ltd.*

     10,364        75,238  

TVS Motor Co. Ltd.

     1,085        17,533  
     

 

 

 
Total Automobiles

 

     344,755  
Banks – 3.8%

 

AU Small Finance Bank Ltd.(a)

     1,589        14,598  

Axis Bank Ltd.

     13,455        161,954  

Bandhan Bank Ltd.*(a)

     3,543        10,454  

Federal Bank Ltd.

     7,258        11,161  

ICICI Bank Ltd.

     25,486        290,350  

IDFC First Bank Ltd.*

     13,873        13,427  

Kotak Mahindra Bank Ltd.

     5,307        119,455  
     

 

 

 
Total Banks

 

     621,399  
Beverages – 0.3%

 

Radico Khaitan Ltd.

     389        5,731  

United Breweries Ltd.

     360        6,635  

United Spirits Ltd.*

     1,456        16,190  

Varun Beverages Ltd.

     2,206        21,581  
     

 

 

 
Total Beverages

 

     50,137  
Biotechnology – 0.0%

 

Biocon Ltd.

     2,433        7,874  
Building Products – 0.2%

 

Astral Ltd.

     878        21,219  

Kajaria Ceramics Ltd.

     462        7,082  
     

 

 

 
Total Building Products

 

     28,301  
Capital Markets – 0.1%

 

HDFC Asset Management Co. Ltd.(a)

     360        10,074  

IDFC Ltd.

     5,629        7,047  
     

 

 

 
Total Capital Markets

 

     17,121  
Chemicals – 1.3%

 

Aarti Industries Ltd.

     965      5,924  

Asian Paints Ltd.

     2,102        86,145  

Atul Ltd.

     84        7,163  

Berger Paints India Ltd.

     1,306        10,795  

Carborundum Universal Ltd.

     510        7,447  

Coromandel International Ltd.

     593        6,856  

Deepak Nitrite Ltd.

     306        8,108  

Gujarat Fluorochemicals Ltd.

     179        6,398  

Navin Fluorine International Ltd.

     162        8,890  

PI Industries Ltd.

     401        19,170  

Solar Industries India Ltd.

     113        5,152  

SRF Ltd.

     702        19,591  

Supreme Industries Ltd.

     335        13,058  

Tata Chemicals Ltd.

     672        8,203  
     

 

 

 
Total Chemicals

 

     212,900  
Construction & Engineering – 0.1%

 

Voltas Ltd.

     1,205        11,160  
Construction Materials – 1.0%

 

ACC Ltd.*

     444        9,816  

Ambuja Cements Ltd.*

     3,530        18,326  

Dalmia Bharat Ltd.

     444        11,724  

Grasim Industries Ltd.

     1,888        39,922  

JK Cement Ltd.

     173        7,132  

Ramco Cements Ltd.

     744        8,382  

Shree Cement Ltd.

     54        15,723  

UltraTech Cement Ltd.

     593        59,959  
     

 

 

 
Total Construction Materials

 

     170,984  
Consumer Staples Distribution & Retail – 0.2%

 

Avenue Supermarts Ltd.*(a)

     582        27,592  
Diversified Telecommunication Services – 0.0%

 

Indus Towers Ltd.*

     4,035        8,079  
Electrical Equipment – 0.4%

 

ABB India Ltd.

     246        13,263  

CG Power & Industrial Solutions Ltd.

     3,309        15,267  

Havells India Ltd.

     1,276        19,953  

Polycab India Ltd.

     228        9,869  
     

 

 

 
Total Electrical Equipment

 

     58,352  
Electronic Equipment, Instruments & Components – 0.0%

 

Honeywell Automation India Ltd.

     12        6,097  
Entertainment – 0.0%

 

PVR Inox Ltd.*

     222        3,717  
Financial Services – 0.2%

 

Bajaj Finserv Ltd.

     1,436        26,747  
Food Products – 0.8%

 

Britannia Industries Ltd.

     581        35,585  

Marico Ltd.

     2,452        15,870  

Nestle India Ltd.

     175        48,838  

Patanjali Foods Ltd.

     318        4,608  

Tata Consumer Products Ltd.

     3,236        33,959  
     

 

 

 
Total Food Products

 

     138,860  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  
Gas Utilities – 0.1%

 

Gujarat Gas Ltd.

     2,026      $ 11,485  
Health Care Providers & Services – 0.5%

 

Apollo Hospitals Enterprise Ltd.

     516        32,067  

Dr. Lal PathLabs Ltd.(a)

     209        5,756  

Fortis Healthcare Ltd.*

     2,476        9,509  

Max Healthcare Institute Ltd.*

     3,650        26,671  
     

 

 

 
Total Health Care Providers & Services

 

     74,003  
Hotels, Restaurants & Leisure – 0.3%

 

Indian Hotels Co. Ltd.

     4,130        19,760  

Jubilant Foodworks Ltd.

     2,026        12,379  

Zomato Ltd.*

     11,526        10,544  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     42,683  
Household Durables – 0.1%

 

Crompton Greaves Consumer Electricals Ltd.

     3,051        10,768  

Dixon Technologies India Ltd.

     209        11,181  
     

 

 

 
Total Household Durables

 

     21,949  
Industrial Conglomerates – 0.1%

 

Siemens Ltd.

     456        20,936  
Insurance – 0.6%

 

HDFC Life Insurance Co. Ltd.(a)

     5,616        44,580  

ICICI Lombard General Insurance Co. Ltd.(a)

     1,666        27,303  

ICICI Prudential Life Insurance Co. Ltd.*(a)

     1,991        13,894  

Max Financial Services Ltd.*

     1,169        11,555  
     

 

 

 
Total Insurance

 

     97,332  
Interactive Media & Services – 0.1%

 

Info Edge India Ltd.

     372        20,331  
IT Services – 2.9%

 

Coforge Ltd.

     198        11,371  

HCL Technologies Ltd.

     5,148        74,547  

Infosys Ltd.

     17,952        292,248  

Mphasis Ltd.

     390        9,009  

Persistent Systems Ltd.

     240        14,660  

Tech Mahindra Ltd.

     3,158        43,532  

Wipro Ltd.

     7,152        33,926  
     

 

 

 
Total IT Services

 

     479,293  
Life Sciences Tools & Services – 0.2%

 

Divi’s Laboratories Ltd.

     641        28,001  
Machinery – 0.4%

 

Ashok Leyland Ltd.

     7,121        14,531  

Cummins India Ltd.

     654        15,490  

Elgi Equipments Ltd.

     1,043        6,886  

Grindwell Norton Ltd.

     263        7,311  

Schaeffler India Ltd.

     198        7,476  

SKF India Ltd.

     126        7,644  

Thermax Ltd.

     198        5,507  
     

 

 

 
Total Machinery

 

     64,845  
Media – 0.1%

 

Zee Entertainment Enterprises Ltd.

     4,783        10,340  
Metals & Mining – 0.8%

 

APL Apollo Tubes Ltd.

     833      13,254  

JSW Steel Ltd.

     4,483        42,887  

Tata Steel Ltd.

     38,262        52,237  

Vedanta Ltd.

     4,826        16,351  
     

 

 

 
Total Metals & Mining

 

     124,729  
Oil, Gas & Consumable Fuels – 3.2%

 

Reliance Industries Ltd.

     16,888        524,995  
Passenger Airlines – 0.1%

 

InterGlobe Aviation Ltd.*(a)

     474        15,178  
Personal Care Products – 1.4%

 

Colgate-Palmolive India Ltd.

     599        12,326  

Dabur India Ltd.

     3,117        21,769  

Emami Ltd.

     1,090        5,643  

Godrej Consumer Products Ltd.*

     1,985        26,157  

Hindustan Unilever Ltd.

     4,914        160,422  
     

 

 

 
Total Personal Care Products

 

     226,317  
Pharmaceuticals – 1.2%

 

Alkem Laboratories Ltd.

     186        7,965  

Aurobindo Pharma Ltd.

     1,355        12,014  

Cipla Ltd.

     2,505        30,992  

Dr. Reddy’s Laboratories Ltd.

     595        37,422  

Ipca Laboratories Ltd.

     533        4,826  

Laurus Labs Ltd.(a)

     1,798        8,036  

Lupin Ltd.

     1,109        12,204  

Sun Pharmaceutical Industries Ltd.

     5,218        66,888  

Torrent Pharmaceuticals Ltd.

     569        13,212  

Zydus Lifesciences Ltd.

     1,193        8,479  
     

 

 

 
Total Pharmaceuticals

 

     202,038  
Professional Services – 0.0%

 

Computer Age Management Services Ltd.

     161        4,315  
Real Estate Management & Development – 0.4%

 

DLF Ltd.

     3,260        19,494  

Godrej Properties Ltd.*

     552        10,554  

Macrotech Developers Ltd.*(a)

     1,548        12,827  

Oberoi Realty Ltd.

     672        8,067  

Phoenix Mills Ltd.

     426        8,118  
     

 

 

 
Total Real Estate Management & Development

 

     59,060  
Software – 0.2%

 

KPIT Technologies Ltd.

     918        12,195  

Tata Elxsi Ltd.

     186        17,205  
     

 

 

 
Total Software

 

     29,400  
Specialty Retail – 0.1%

 

Trent Ltd.

     840        18,064  
Textiles, Apparel & Luxury Goods – 0.6%

 

Aditya Birla Fashion & Retail Ltd.*

     1,630        4,231  

Bata India Ltd.

     335        6,842  

Page Industries Ltd.

     24        11,014  

Titan Co. Ltd.

     2,217        82,362  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     104,449  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  
Transportation Infrastructure – 0.0%

 

GMR Airports Infrastructure Ltd.*

     13,421      $ 7,149  
Wireless Telecommunication Services – 0.8%

 

Bharti Airtel Ltd.

     11,820        126,613  
Total India

 

     4,166,877  
Indonesia – 3.1%

 

Banks – 1.4%

 

Bank Central Asia Tbk PT

     376,200        229,597  
Broadline Retail – 0.3%

 

GoTo Gojek Tokopedia Tbk PT*

     5,939,300        43,576  
Chemicals – 0.1%

 

Barito Pacific Tbk PT

     194,858        9,683  
Construction Materials – 0.1%

 

Indocement Tunggal Prakarsa Tbk PT

     12,600        8,341  
Consumer Staples Distribution & Retail – 0.2%

 

Sumber Alfaria Trijaya Tbk PT

     168,400        28,979  
Diversified Telecommunication Services – 0.1%

 

Sarana Menara Nusantara Tbk PT

     170,200        11,977  
Food Products – 0.3%

 

Charoen Pokphand Indonesia Tbk PT*

     68,300        24,031  

Indofood CBP Sukses Makmur Tbk PT

     20,900        15,787  

Indofood Sukses Makmur Tbk PT

     31,100        15,247  
     

 

 

 
Total Food Products

 

     55,065  
Household Products – 0.1%

 

Unilever Indonesia Tbk PT

     38,900        11,053  
Industrial Conglomerates – 0.3%

 

Astra International Tbk PT

     125,000        56,486  
Media – 0.0%

 

Elang Mahkota Teknologi Tbk PT

     167,700        7,942  
Metals & Mining – 0.1%

 

Merdeka Copper Gold Tbk PT*

     97,000        19,798  
Pharmaceuticals – 0.1%

 

Kalbe Farma Tbk PT

     182,300        24,927  
Total Indonesia

 

     507,424  
Malaysia – 1.4%

 

Banks – 0.4%

 

Hong Leong Bank Bhd

     12,000        48,746  

Hong Leong Financial Group Bhd

     3,600        13,621  
     

 

 

 
Total Banks

 

     62,367  
Food Products – 0.5%

 

Nestle Malaysia Bhd

     800        22,453  

PPB Group Bhd

     10,700        36,083  

QL Resources Bhd

     18,600        21,360  
     

 

 

 
Total Food Products

 

     79,896  
Hotels, Restaurants & Leisure – 0.1%

 

Genting Malaysia Bhd

     48,000        25,298  
Metals & Mining – 0.3%

 

Press Metal Aluminium Holdings Bhd

     50,300        50,650  
Specialty Retail – 0.1%

 

MR DIY Group M Bhd(a)

     47,900      16,317  
Total Malaysia

 

     234,528  
Mexico – 4.1%

 

Banks – 0.5%

 

Banco del Bajio SA(a)

     3,016        9,148  

Grupo Financiero Banorte SAB de CV, Class O

     8,900        73,279  
     

 

 

 
Total Banks

 

     82,427  
Beverages – 0.7%

 

Arca Continental SAB de CV

     2,400        24,620  

Coca-Cola Femsa SAB de CV

     1,920        16,018  

Fomento Economico Mexicano SAB de CV

     7,100        78,462  
     

 

 

 
Total Beverages

 

     119,100  
Chemicals – 0.1%

 

Orbia Advance Corp. SAB de CV

     4,700        10,107  
Construction Materials – 0.3%

 

Cemex SAB de CV, Series CPO*

     60,504        42,687  
Consumer Staples Distribution & Retail – 0.5%

 

Wal-Mart de Mexico SAB de CV

     20,300        80,156  
Diversified REITs – 0.1%

 

Concentradora Fibra Danhos SA de CV

     4,765        5,985  

Fibra Uno Administracion SA de CV

     11,900        17,346  
     

 

 

 
Total Diversified REITs

 

     23,331  
Diversified Telecommunication Services – 0.0%

 

Controladora AXTEL SAB DE CV*

     14,400        186  
Food Products – 0.2%

 

Gruma SAB de CV, Class B

     810        12,978  

Grupo Bimbo SAB de CV, Series A

     4,892        26,142  
     

 

 

 
Total Food Products

 

     39,120  
Household Products – 0.1%

 

Kimberly-Clark de Mexico SAB de CV, Class A

     6,000        13,319  
Industrial Conglomerates – 0.1%

 

Alfa SAB de CV, Class A

     14,400        8,942  

Grupo Carso SAB de CV, Series A1

     1,800        13,050  
     

 

 

 
Total Industrial Conglomerates

 

     21,992  
Media – 0.1%

 

Grupo Televisa SAB, Series CPO

     10,100        10,371  
Metals & Mining – 0.4%

 

Grupo Mexico SAB de CV, Series B

     12,414        59,651  

Industrias Penoles SAB de CV*

     605        8,481  
     

 

 

 
Total Metals & Mining

 

     68,132  
Real Estate Management & Development – 0.1%

 

Corp. Inmobiliaria Vesta SAB de CV

     3,000        9,713  
Transportation Infrastructure – 0.4%

 

Grupo Aeroportuario del Centro Norte SAB de CV

     1,200        12,726  

Grupo Aeroportuario del Pacifico SAB de CV, Class B

     1,634        29,271  

Grupo Aeroportuario del Sureste SAB de CV, Class B

     715        19,895  

Promotora y Operadora de Infraestructura SAB de CV

     953        9,528  
     

 

 

 
Total Transportation Infrastructure

 

     71,420  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  
Wireless Telecommunication Services – 0.5%

 

America Movil SAB de CV, Series B

     76,956      $ 83,460  
Total Mexico

 

     675,521  
Philippines – 1.1%

 

Banks – 0.3%

 

Bank of the Philippine Islands

     7,801        15,376  

BDO Unibank, Inc.

     8,808        21,972  

Metropolitan Bank & Trust Co.

     7,680        7,750  
     

 

 

 
Total Banks

 

     45,098  
Food Products – 0.1%

 

Monde Nissin Corp.(a)

     37,100        5,383  

Universal Robina Corp.

     4,020        10,014  
     

 

 

 
Total Food Products

 

     15,397  
Hotels, Restaurants & Leisure – 0.0%

 

Jollibee Foods Corp.

     1,740        7,540  
Industrial Conglomerates – 0.3%

 

Ayala Corp.

     1,010        11,436  

JG Summit Holdings, Inc.

     12,600        10,146  

SM Investments Corp.

     1,980        33,180  
     

 

 

 
Total Industrial Conglomerates

 

     54,762  
Real Estate Management & Development – 0.2%

 

Ayala Land, Inc.

     25,200        11,094  

SM Prime Holdings, Inc.

     48,600        28,922  
     

 

 

 
Total Real Estate Management & Development

 

     40,016  
Transportation Infrastructure – 0.1%

 

International Container Terminal Services, Inc.

     3,240        11,962  
Wireless Telecommunication Services – 0.1%

 

PLDT, Inc.

     330        7,844  
Total Philippines

 

     182,619  
Poland – 1.3%

 

Banks – 0.5%

 

Bank Polska Kasa Opieki SA

     1,612        43,961  

Santander Bank Polska SA*

     341        32,648  
     

 

 

 
Total Banks

 

     76,609  
Consumer Staples Distribution & Retail – 0.4%

 

Dino Polska SA*(a)

     503        58,781  
Entertainment – 0.1%

 

CD Projekt SA

     587        22,372  
Software – 0.1%

 

Asseco Poland SA

     675        13,332  
Textiles, Apparel & Luxury Goods – 0.2%

 

LPP SA*

     11        37,931  
Total Poland

 

     209,025  
Saudi Arabia – 3.2%

 

Banks – 1.9%

 

Al Rajhi Bank

     10,650        207,281  

Alinma Bank

     4,880        43,587  

Arab National Bank

     1,010        7,096  

Bank Al-Jazira

     2,674        13,032  

Bank AlBilad

     2,258      23,298  

Saudi Awwal Bank

     1,603        16,305  
     

 

 

 
Total Banks

 

     310,599  
Chemicals – 0.2%

 

Advanced Petrochemical Co.

     786        9,242  

National Industrialization Co., Class C*

     2,026        8,059  

Sahara International Petrochemical Co.

     2,050        20,141  
     

 

 

 
Total Chemicals

 

     37,442  
Construction Materials – 0.1%

 

Saudi Cement Co.

     556        8,805  
Consumer Staples Distribution & Retail – 0.1%

 

Abdullah Al Othaim Markets Co.

     2,520        9,366  

Nahdi Medical Co.

     240        10,878  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     20,244  
Food Products – 0.1%

 

Savola Group

     1,391        15,447  
Health Care Providers & Services – 0.3%

 

Dallah Healthcare Co.

     174        7,785  

Dr. Sulaiman Al Habib Medical Services Group Co.

     515        39,297  

Mouwasat Medical Services Co.

     257        16,582  
     

 

 

 
Total Health Care Providers & Services

 

     63,664  
Media – 0.1%

 

Saudi Research & Media Group*

     168        8,457  
Real Estate Management & Development – 0.1%

 

Dar Al Arkan Real Estate Development Co.*

     3,200        13,088  
Specialty Retail – 0.1%

 

Jarir Marketing Co.

     3,300        14,552  
Wireless Telecommunication Services – 0.2%

 

Etihad Etisalat Co.

     2,212        28,249  

Mobile Telecommunications Co. Saudi Arabia*

     2,229        8,415  
     

 

 

 
Total Wireless Telecommunication Services

 

     36,664  
Total Saudi Arabia

 

     528,962  
South Africa – 5.4%

 

Banks – 0.9%

 

Absa Group Ltd.

     3,837        34,104  

Capitec Bank Holdings Ltd.

     401        33,280  

Nedbank Group Ltd.

     2,265        27,406  

Standard Bank Group Ltd.

     6,287        59,089  
     

 

 

 
Total Banks

 

     153,879  
Broadline Retail – 1.2%

 

Naspers Ltd., Class N

     1,001        180,104  

Woolworths Holdings Ltd.

     5,160        19,489  
     

 

 

 
Total Broadline Retail

 

     199,593  
Capital Markets – 0.1%

 

Investec Ltd.

     1,487        8,345  
Consumer Staples Distribution & Retail – 0.5%

 

Bid Corp. Ltd.

     1,528        33,428  

Clicks Group Ltd.

     1,090        15,076  

Pick n Pay Stores Ltd.

     1,720        3,540  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  

Shoprite Holdings Ltd.

     2,194      $ 26,201  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     78,245  
Diversified REITs – 0.1%

 

Growthpoint Properties Ltd.

     14,571        8,993  

Redefine Properties Ltd.

     31,993        5,572  
     

 

 

 
Total Diversified REITs

 

     14,565  
Financial Services – 0.7%

 

FirstRand Ltd.

     25,902        93,921  

Remgro Ltd.

     2,463        19,172  
     

 

 

 
Total Financial Services

 

     113,093  
Food Products – 0.1%

 

Tiger Brands Ltd.

     857        7,586  
Insurance – 0.4%

 

Discovery Ltd.*

     2,416        18,653  

Momentum Metropolitan Holdings

     6,816        6,516  

Old Mutual Ltd.

     21,162        13,577  

Sanlam Ltd.

     8,745        27,011  
     

 

 

 
Total Insurance

 

     65,757  
Media – 0.1%

 

MultiChoice Group

     2,188        11,060  
Metals & Mining – 1.0%

 

Anglo American Platinum Ltd.

     216        9,733  

AngloGold Ashanti Ltd.

     1,877        39,523  

Gold Fields Ltd.

     3,896        53,959  

Harmony Gold Mining Co. Ltd.

     2,439        10,232  

Impala Platinum Holdings Ltd.

     3,386        22,462  

Kumba Iron Ore Ltd.

     294        6,887  

Northam Platinum Holdings Ltd.*

     1,121        7,446  

Sibanye Stillwater Ltd.

     12,740        19,557  
     

 

 

 
Total Metals & Mining

 

     169,799  
Pharmaceuticals – 0.1%

 

Aspen Pharmacare Holdings Ltd.

     1,858        18,060  
Specialty Retail – 0.1%

 

Motus Holdings Ltd.

     828        4,391  

Mr. Price Group Ltd.

     1,295        9,885  

Pepkor Holdings Ltd.(a)

     6,726        5,874  
     

 

 

 
Total Specialty Retail

 

     20,150  
Wireless Telecommunication Services – 0.1%

 

Vodacom Group Ltd.

     3,411        21,162  
Total South Africa

 

     881,294  
South Korea – 19.3%

 

Air Freight & Logistics – 0.1%

 

Hyundai Glovis Co. Ltd.

     84        12,603  
Automobile Components – 0.1%

 

Hankook Tire & Technology Co. Ltd.

     371        9,686  

Hanon Systems

     858        5,958  

HL Mando Co. Ltd.

     150        6,136  
     

 

 

 
Total Automobile Components

 

     21,780  
Automobiles – 1.1%

 

Hyundai Motor Co.

     642      100,613  

Kia Corp.

     1,186        79,658  
     

 

 

 
Total Automobiles

 

     180,271  
Banks – 1.2%

 

BNK Financial Group, Inc.

     1,187        6,243  

Hana Financial Group, Inc.

     1,174        34,927  

KakaoBank Corp.

     1,756        31,651  

KB Financial Group, Inc.

     1,534        55,590  

Shinhan Financial Group Co. Ltd.

     2,029        52,355  

Woori Financial Group, Inc.

     2,661        23,810  
     

 

 

 
Total Banks

 

     204,576  
Biotechnology – 0.4%

 

Alteogen, Inc.*

     215        7,008  

Celltrion, Inc.

     446        51,754  

SK Bioscience Co. Ltd.*

     120        7,240  
     

 

 

 
Total Biotechnology

 

     66,002  
Broadline Retail – 0.0%

 

Hanwha Galleria Corp.*

     528        608  

Shinsegae, Inc.

     41        5,542  
     

 

 

 
Total Broadline Retail

 

     6,150  
Capital Markets – 0.1%

 

Korea Investment Holdings Co. Ltd.

     186        7,284  

Mirae Asset Securities Co. Ltd.

     1,175        6,447  

Samsung Securities Co. Ltd.

     270        7,377  
     

 

 

 
Total Capital Markets

 

     21,108  
Chemicals – 1.1%

 

Ecopro Co. Ltd.

     82        46,923  

Hansol Chemical Co. Ltd.

     53        9,653  

Hanwha Solutions Corp.*

     450        14,446  

Kumho Petrochemical Co. Ltd.

     72        7,251  

LG Chem Ltd.

     173        87,573  

Lotte Chemical Corp.

     66        7,744  

SKC Co. Ltd.

     78        5,778  
     

 

 

 
Total Chemicals

 

     179,368  
Construction & Engineering – 0.2%

 

GS Engineering & Construction Corp.

     348        4,923  

Hyundai Engineering & Construction Co. Ltd.

     312        9,021  

Samsung Engineering Co. Ltd.*

     515        11,061  
     

 

 

 
Total Construction & Engineering

 

     25,005  
Construction Materials – 0.2%

 

POSCO Future M Co. Ltd.

     125        33,488  
Consumer Staples Distribution & Retail – 0.1%

 

BGF Retail Co. Ltd.

     36        4,778  

E-Mart, Inc.

     90        5,253  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     10,031  
Diversified Telecommunication Services – 0.1%

 

LG Uplus Corp.

     1,001        8,151  
Electrical Equipment – 0.9%

 

CS Wind Corp.

     143        9,366  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  

Doosan Enerbility Co. Ltd.*

     1,840      $ 25,289  

Ecopro BM Co. Ltd.

     204        38,550  

LG Energy Solution Ltd.*

     150        62,953  

LS Corp.

     120        8,461  
     

 

 

 
Total Electrical Equipment

 

     144,619  
Electronic Equipment, Instruments & Components – 1.1%

 

L&F Co. Ltd.

     89        16,413  

LG Display Co. Ltd.*

     881        10,538  

LG Innotek Co. Ltd.

     60        14,093  

Samsung Electro-Mechanics Co. Ltd.

     228        25,004  

Samsung SDI Co. Ltd.

     209        106,114  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     172,162  
Entertainment – 0.4%

 

HYBE Co. Ltd.*

     83        17,732  

Kakao Games Corp.*

     152        3,790  

Krafton, Inc.*

     162        23,950  

NCSoft Corp.

     66        14,776  

Pearl Abyss Corp.*

     209        8,343  
     

 

 

 
Total Entertainment

 

     68,591  
Food Products – 0.1%

 

CJ CheilJedang Corp.

     35        7,158  

Orion Corp.

     96        8,743  
     

 

 

 
Total Food Products

 

     15,901  
Health Care Equipment & Supplies – 0.1%

 

HLB, Inc.*

     450        11,099  
Health Care Providers & Services – 0.1%

 

Celltrion Healthcare Co. Ltd.

     432        21,475  
Household Durables – 0.3%

 

Coway Co. Ltd.

     233        7,772  

LG Electronics, Inc.

     437        42,020  
     

 

 

 
Total Household Durables

 

     49,792  
Industrial Conglomerates – 0.6%

 

GS Holdings Corp.

     366        10,180  

LG Corp.

     516        34,462  

Lotte Corp.

     174        3,301  

Samsung C&T Corp.

     347        27,836  

SK Square Co. Ltd.*

     366        12,291  

SK, Inc.

     150        16,928  
     

 

 

 
Total Industrial Conglomerates

 

     104,998  
Insurance – 0.4%

 

DB Insurance Co. Ltd.

     210        11,890  

Hyundai Marine & Fire Insurance Co. Ltd.

     234        5,514  

Samsung Fire & Marine Insurance Co. Ltd.

     132        23,041  

Samsung Life Insurance Co. Ltd.

     384        19,613  
     

 

 

 
Total Insurance

 

     60,058  
Interactive Media & Services – 0.9%

 

Kakao Corp.

     1,384        51,572  

NAVER Corp.

     743        103,078  
     

 

 

 
Total Interactive Media & Services

 

     154,650  
IT Services – 0.1%

 

Samsung SDS Co. Ltd.

     173      16,136  
Life Sciences Tools & Services – 0.3%

 

Samsung Biologics Co. Ltd.*(a)

     84        47,430  
Machinery – 0.3%

 

HD Hyundai Heavy Industries Co. Ltd.*

     96        9,595  

HD Korea Shipbuilding & Offshore Engineering Co. Ltd.*

     174        15,384  

Hyundai Rotem Co. Ltd.*

     306        8,488  

Samsung Heavy Industries Co. Ltd.*

     2,818        14,265  
     

 

 

 
Total Machinery

 

     47,732  
Media – 0.0%

 

Cheil Worldwide, Inc.

     336        4,623  
Metals & Mining – 0.7%

 

Hyundai Steel Co.

     318        8,145  

Korea Zinc Co. Ltd.

     53        19,609  

POSCO Holdings, Inc.

     288        84,806  
     

 

 

 
Total Metals & Mining

 

     112,560  
Oil, Gas & Consumable Fuels – 0.2%

 

HD Hyundai Co. Ltd.

     174        7,910  

SK Innovation Co. Ltd.*

     204        24,539  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     32,449  
Passenger Airlines – 0.1%

 

Korean Air Lines Co. Ltd.

     702        12,973  
Personal Care Products – 0.1%

 

Amorepacific Corp.

     132        9,777  

LG H&H Co. Ltd.

     36        12,541  
     

 

 

 
Total Personal Care Products

 

     22,318  
Pharmaceuticals – 0.2%

 

Hanmi Pharm Co. Ltd.

     30        7,024  

SK Biopharmaceuticals Co. Ltd.*

     138        8,473  

Yuhan Corp.

     203        9,305  
     

 

 

 
Total Pharmaceuticals

 

     24,802  
Semiconductors & Semiconductor Equipment – 1.0%

 

SK Hynix, Inc.

     1,924        168,212  
Specialty Retail – 0.0%

 

Hotel Shilla Co. Ltd.

     125        6,963  
Technology Hardware, Storage & Peripherals – 6.6%

 

Samsung Electronics Co. Ltd.

     19,633        1,075,781  
Textiles, Apparel & Luxury Goods – 0.1%

 

F&F Co. Ltd.

     71        6,445  

Fila Holdings Corp.

     228        6,921  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     13,366  
Total South Korea

 

     3,157,223  
Taiwan – 24.5%

 

Automobile Components – 0.1%

 

Cheng Shin Rubber Industry Co. Ltd.

     11,000        14,181  
Banks – 1.4%

 

CTBC Financial Holding Co. Ltd.

     84,000        67,023  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  

E.Sun Financial Holding Co. Ltd.

     60,840      $ 50,888  

Far Eastern International Bank

     17,000        6,496  

Shanghai Commercial & Savings Bank Ltd.

     18,392        26,810  

SinoPac Financial Holdings Co. Ltd.

     53,685        29,907  

Taichung Commercial Bank Co. Ltd.

     12,629        6,164  

Taishin Financial Holding Co. Ltd.

     53,000        32,163  

Union Bank of Taiwan

     12,000        6,338  
     

 

 

 
Total Banks

 

     225,789  
Chemicals – 0.9%

 

Formosa Chemicals & Fibre Corp.

     18,000        38,780  

Formosa Plastics Corp.

     19,000        52,282  

Nan Ya Plastics Corp.

     24,000        55,869  
     

 

 

 
Total Chemicals

 

     146,931  
Communications Equipment – 0.1%

 

Accton Technology Corp.

     2,000        22,412  
Construction Materials – 0.1%

 

Asia Cement Corp.

     12,000        17,107  
Consumer Staples Distribution & Retail – 0.2%

 

President Chain Store Corp.

     3,000        27,212  
Electrical Equipment – 0.3%

 

Tatung Co. Ltd.*

     10,000        17,435  

Teco Electric & Machinery Co. Ltd.

     11,000        18,825  

Walsin Lihwa Corp.

     13,000        17,114  
     

 

 

 
Total Electrical Equipment

 

     53,374  
Electronic Equipment, Instruments & Components – 3.2%

 

AUO Corp.

     42,000        25,083  

Chroma ATE, Inc.

     3,000        24,129  

Compeq Manufacturing Co. Ltd.

     6,000        8,554  

Delta Electronics, Inc.

     9,000        99,552  

Elite Material Co. Ltd.

     4,000        31,274  

Genius Electronic Optical Co. Ltd.

     1,000        12,715  

Hon Hai Precision Industry Co. Ltd.

     53,000        192,297  

Innolux Corp.

     47,725        23,369  

Nan Ya Printed Circuit Board Corp.

     1,000        8,477  

Sinbon Electronics Co. Ltd.

     1,000        11,864  

Synnex Technology International Corp.

     6,000        11,174  

Unimicron Technology Corp.

     6,000        33,906  

WPG Holdings Ltd.

     12,000        21,076  

Yageo Corp.

     1,000        15,781  
     

 

 

 
Total Electronic Equipment, Instruments & Components               519,251  
Financial Services – 0.2%

 

Yuanta Financial Holding Co. Ltd.

     54,000        40,052  
Food Products – 0.3%

 

Uni-President Enterprises Corp.

     24,000        58,797  
Industrial Conglomerates – 0.1%

 

Far Eastern New Century Corp.

     18,000        19,332  
Insurance – 1.1%

 

Cathay Financial Holding Co. Ltd.

     42,101        58,330  

China Development Financial Holding Corp.*

     77,000        30,657  

Fubon Financial Holding Co. Ltd.

     35,250      68,815  

Shin Kong Financial Holding Co. Ltd.*

     66,000        18,860  
     

 

 

 
Total Insurance

 

     176,662  
Leisure Products – 0.2%

 

Giant Manufacturing Co. Ltd.

     1,036        7,651  

Merida Industry Co. Ltd.

     3,000        21,384  
     

 

 

 
Total Leisure Products

 

     29,035  
Machinery – 0.0%

 

Hiwin Technologies Corp.

     1,000        7,626  
Marine Transportation – 0.1%

 

Evergreen Marine Corp. Taiwan Ltd.

     2,000        6,004  

Wan Hai Lines Ltd.

     4,000        7,578  
     

 

 

 
Total Marine Transportation

 

     13,582  
Metals & Mining – 0.1%

 

TA Chen Stainless Pipe

     11,000        16,741  
Oil, Gas & Consumable Fuels – 0.2%

 

Formosa Petrochemical Corp.

     10,000        27,067  
Passenger Airlines – 0.1%

 

Eva Airways Corp.

     12,000        15,335  
Real Estate Management & Development – 0.1%

 

Highwealth Construction Corp.

     6,100        8,354  

Ruentex Development Co. Ltd.

     11,500        13,274  
     

 

 

 
Total Real Estate Management & Development

 

     21,628  
Semiconductors & Semiconductor Equipment – 12.6%

 

ASE Technology Holding Co. Ltd.

     17,000        60,316  

King Yuan Electronics Co. Ltd.

     6,000        10,981  

Macronix International Co. Ltd.

     6,000        6,300  

MediaTek, Inc.

     7,000        154,634  

Nanya Technology Corp.

     6,000        13,640  

Novatek Microelectronics Corp.

     2,000        27,388  

Powerchip Semiconductor Manufacturing Corp.

     11,000        10,931  

Realtek Semiconductor Corp.

     3,000        37,326  

Taiwan Semiconductor Manufacturing Co. Ltd.

     89,000        1,646,005  

United Microelectronics Corp.

     53,000        82,535  

Winbond Electronics Corp.*

     12,000        10,576  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     2,060,632  
Specialty Retail – 0.2%

 

Hotai Motor Co. Ltd.

     1,000        26,136  
Technology Hardware, Storage & Peripherals – 2.2%

 

Acer, Inc.

     17,000        17,112  

Advantech Co. Ltd.

     3,000        39,445  

Asustek Computer, Inc.

     4,000        40,392  

Catcher Technology Co. Ltd.

     3,000        16,905  

Compal Electronics, Inc.

     18,000        16,905  

Inventec Corp.

     12,000        16,645  

Lite-On Technology Corp., ADR

     11,000        36,556  

Pegatron Corp.

     11,000        26,419  

Qisda Corp.

     12,000        17,685  

Quanta Computer, Inc.

     18,000        87,849  

Wistron Corp.

     18,000        52,478  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               368,391  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

 

 

Investments    Shares      Value  
Textiles, Apparel & Luxury Goods – 0.4%

 

Eclat Textile Co. Ltd.

     1,000      $ 16,038  

Feng TAY Enterprise Co. Ltd.

     3,000        18,928  

Makalot Industrial Co. Ltd.

     2,000        19,393  

Pou Chen Corp.

     12,000        12,137  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     66,496  
Wireless Telecommunication Services – 0.3%

 

Far EasTone Telecommunications Co. Ltd.

     7,000        17,666  

Taiwan Mobile Co. Ltd.

     10,000        30,696  
     

 

 

 
Total Wireless Telecommunication Services

 

     48,362  
Total Taiwan

 

     4,022,131  
Thailand – 2.9%

 

Banks – 0.3%

 

Bangkok Bank PCL, NVDR

     2,900        13,046  

Bank of Ayudhya PCL, NVDR

     7,800        6,765  

Kasikornbank PCL, NVDR

     6,600        24,107  

TMBThanachart Bank PCL, NVDR

     242,200        10,588  
     

 

 

 
Total Banks

 

     54,506  
Beverages – 0.1%

 

Carabao Group PCL, NVDR

     3,000        5,542  

Osotspa PCL, NVDR

     9,000        7,552  
     

 

 

 
Total Beverages

 

     13,094  
Broadline Retail – 0.1%

 

Central Retail Corp. PCL, NVDR

     17,400        19,140  
Chemicals – 0.1%

 

Indorama Ventures PCL, NVDR

     12,600        12,172  
Consumer Staples Distribution & Retail – 0.4%

 

CP ALL PCL, NVDR

     36,600        64,518  
Containers & Packaging – 0.0%

 

SCG Packaging PCL, NVDR

     7,700        8,090  
Diversified Telecommunication Services – 0.1%

 

True Corp. PCL, NVDR

     51,596        9,532  
Electronic Equipment, Instruments & Components – 0.4%

 

Delta Electronics Thailand PCL, NVDR

     25,000        64,871  
Food Products – 0.1%

 

Charoen Pokphand Foods PCL, NVDR

     19,800        11,001  

Thai Union Group PCL, NVDR

     13,800        5,021  
     

 

 

 
Total Food Products

 

     16,022  
Ground Transportation – 0.0%

 

BTS Group Holdings PCL, NVDR

     37,200        7,817  
Health Care Providers & Services – 0.2%

 

Bangkok Dusit Medical Services PCL, NVDR

     24,500        19,176  

Bumrungrad Hospital PCL, NVDR

     1,800        11,473  
     

 

 

 
Total Health Care Providers & Services

 

     30,649  
Hotels, Restaurants & Leisure – 0.1%

 

Asset World Corp. PCL, NVDR

     46,200        6,437  

Minor International PCL, NVDR

     16,800        16,229  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     22,666  
Independent Power & Renewable Electricity Producers – 0.4%

 

Energy Absolute PCL, NVDR

     10,200      16,398  

Gulf Energy Development PCL, NVDR

     34,100        44,963  
     

 

 

 
Total Independent Power & Renewable Electricity Producers               61,361  
Real Estate Management & Development – 0.1%

 

Central Pattana PCL, NVDR

     9,000        16,627  
Specialty Retail – 0.1%

 

Home Product Center PCL, NVDR

     24,000        9,477  
Transportation Infrastructure – 0.1%

 

Bangkok Expressway & Metro PCL, NVDR

     45,000        10,852  
Wireless Telecommunication Services – 0.3%

 

Advanced Info Service PCL, NVDR

     6,600        39,836  

Intouch Holdings PCL, NVDR

     7,100        14,819  
     

 

 

 
Total Wireless Telecommunication Services

 

     54,655  
Total Thailand

 

     476,049  
Turkey – 0.7%

 

Automobiles – 0.1%

 

Ford Otomotiv Sanayi AS

     378        11,034  
Banks – 0.2%

 

Akbank TAS

     14,976        11,604  

Turkiye Is Bankasi AS, Class C

     17,095        9,220  

Yapi ve Kredi Bankasi AS

     10,724        5,339  
     

 

 

 
Total Banks

 

     26,163  
Chemicals – 0.0%

 

Hektas Ticaret TAS*

     4,898        5,685  
Consumer Staples Distribution & Retail – 0.1%

 

BIM Birlesik Magazalar AS

     2,151        14,068  
Industrial Conglomerates – 0.2%

 

Enka Insaat ve Sanayi AS

     8,829        9,923  

KOC Holding AS

     5,149        20,482  

Turkiye Sise ve Cam Fabrikalari AS

     6,275        10,701  
     

 

 

 
Total Industrial Conglomerates

 

     41,106  
Oil, Gas & Consumable Fuels – 0.1%

 

Turkiye Petrol Rafinerileri AS

     3,956        12,034  
Wireless Telecommunication Services – 0.0%

 

Turkcell Iletisim Hizmetleri AS

     5,689        7,921  
Total Turkey

 

     118,011  

TOTAL INVESTMENTS IN SECURITIES – 99.7%

(Cost: $14,856,232)

 

 

     16,354,447  

Other Assets less Liabilities – 0.3%

 

     50,890  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 16,405,337  
* 

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.

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets ex-China Fund (XC)

June 30, 2023

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 16,354,447      $      $      $ 16,354,447  

Total Investments in Securities

   $ 16,354,447      $      $      $ 16,354,447  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Schedule of Investments

WisdomTree International ESG Fund (RESD)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
Australia – 7.3%      

ANZ Group Holdings Ltd.

     5,520      $ 87,120  

Aristocrat Leisure Ltd.

     956        24,602  

BlueScope Steel Ltd.

     1,995        27,290  

Brambles Ltd.

     8,257        79,201  

Cochlear Ltd.

     73        11,131  

Commonwealth Bank of Australia

     1,063        70,950  

CSL Ltd.

     299        55,207  

Insurance Australia Group Ltd.

     3,239        12,289  

Lottery Corp. Ltd.

     3,478        11,877  

Medibank Pvt Ltd.

     4,533        10,621  

National Australia Bank Ltd.

     5,058        88,784  

Qantas Airways Ltd.*

     4,568        18,852  

QBE Insurance Group Ltd.

     5,641        58,840  

Sonic Healthcare Ltd.

     940        22,257  

Suncorp Group Ltd.

     1,240        11,135  

Telstra Group Ltd.

     21,450        61,396  

Transurban Group

     6,841        64,890  

Wesfarmers Ltd.

     491        16,126  

Westpac Banking Corp.(a)

     5,540        78,695  
     

 

 

 
Total Australia               811,263  
Belgium – 0.6%      

Ageas SA/NV

     312        12,632  

KBC Group NV

     201        14,017  

UCB SA

     191        16,921  

Umicore SA

     723        20,185  
     

 

 

 
Total Belgium               63,755  
China – 0.4%      

BOC Hong Kong Holdings Ltd.

     5,500        16,809  

SITC International Holdings Co. Ltd.

     7,000        12,773  

Wilmar International Ltd.

     6,200        17,409  
     

 

 

 
Total China               46,991  
Denmark – 3.7%      

AP Moller – Maersk A/S, Class B

     10        17,546  

Chr Hansen Holding A/S

     437        30,325  

DSV A/S

     62        13,018  

Novo Nordisk A/S, Class B

     1,909        307,516  

Novozymes A/S, Class B

     717        33,398  

Rockwool A/S, Class B

     46        11,883  
     

 

 

 
Total Denmark               413,686  
Finland – 0.6%      

Elisa Oyj

     228        12,174  

Nokia Oyj

     3,960        16,571  

Nordea Bank Abp

     1,303        14,150  

Orion Oyj, Class B

     628        26,049  
     

 

 

 
Total Finland               68,944  
France – 8.5%      

AXA SA

     1,538        45,347  

Bouygues SA

     1,684        56,514  

Bureau Veritas SA

     517        14,169  

Capgemini SE

     186        35,218  

Danone SA

     990      60,636  

Edenred

     1,252        83,786  

EssilorLuxottica SA

     250        47,077  

Getlink SE

     3,745        63,657  

Ipsen SA

     378        45,446  

Kering SA

     82        45,232  

Klepierre SA

     723        17,921  

La Francaise des Jeux SAEM(b)

     1,112        43,723  

Legrand SA

     159        15,751  

Orange SA

     6,636        77,481  

Pernod Ricard SA

     330        72,870  

Sanofi

     1,150        123,207  

Sodexo SA

     785        86,372  

Teleperformance

     83        13,895  
     

 

 

 
Total France               948,302  
Germany – 8.6%      

Allianz SE, Registered Shares

     287        66,757  

Bayer AG, Registered Shares

     930        51,411  

Bayerische Motoren Werke AG

     779        95,629  

Beiersdorf AG

     384        50,797  

Brenntag SE

     158        12,308  

Commerzbank AG

     1,083        11,993  

Deutsche Boerse AG

     124        22,876  

Deutsche Post AG, Registered Shares

     2,021        98,626  

Deutsche Telekom AG, Registered Shares

     1,433        31,231  

Evonik Industries AG

     921        17,514  

Fresenius Medical Care AG & Co. KGaA

     278        13,275  

GEA Group AG

     917        38,327  

Hannover Rueck SE

     48        10,178  

Heidelberg Materials AG

     811        66,537  

Merck KGaA

     319        52,744  

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares

     323        121,082  

Puma SE

     258        15,515  

SAP SE

     1,305        178,169  
     

 

 

 
Total Germany               954,969  
Hong Kong – 1.2%      

CK Asset Holdings Ltd.

     2,000        11,076  

Hang Seng Bank Ltd.

     1,000        14,228  

Hong Kong Exchanges & Clearing Ltd.

     600        22,602  

MTR Corp. Ltd.

     11,500        52,829  

Sino Land Co. Ltd.

     10,000        12,289  

Swire Properties Ltd.

     5,200        12,780  

WH Group Ltd.(b)

     11,000        5,825  
     

 

 

 
Total Hong Kong               131,629  
Ireland – 0.9%      

AIB Group PLC

     2,538        10,661  

CRH PLC

     1,540        84,847  

Kingspan Group PLC

     161        10,697  
     

 

 

 
Total Ireland               106,205  
Israel – 0.3%      

Check Point Software Technologies Ltd.*

     234        29,395  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International ESG Fund (RESD)

June 30, 2023

 

 

 

Investments    Shares      Value  
Italy – 1.9%      

Amplifon SpA

     363      $ 13,303  

Assicurazioni Generali SpA

     884        17,958  

Ferrari NV

     30        9,803  

Mediobanca Banca di Credito Finanziario SpA

     976        11,670  

Moncler SpA

     165        11,402  

Poste Italiane SpA(b)

     4,679        50,619  

Terna – Rete Elettrica Nazionale

     9,036        76,954  

UniCredit SpA

     1,059        24,569  
     

 

 

 
Total Italy               216,278  
Japan – 23.9%      

Advantest Corp.

     100        13,249  

AGC, Inc.(a)

     900        32,149  

Ajinomoto Co., Inc.

     2,100        83,166  

Asahi Group Holdings Ltd.

     1,000        38,565  

Astellas Pharma, Inc.

     3,000        44,605  

Bridgestone Corp.

     300        12,230  

Canon, Inc.

     2,300        60,311  

Chugai Pharmaceutical Co. Ltd.

     600        16,962  

Dai Nippon Printing Co. Ltd.

     1,600        45,143  

Dai-ichi Life Holdings, Inc.

     2,300        43,570  

Daito Trust Construction Co. Ltd.

     100        10,091  

Daiwa House Industry Co. Ltd.

     500        13,118  

Daiwa Securities Group, Inc.

     8,200        42,000  

Dentsu Group, Inc.(a)

     400        13,043  

Disco Corp.

     100        15,643  

Fast Retailing Co. Ltd.

     400        101,622  

Fuji Electric Co. Ltd.

     900        39,167  

FUJIFILM Holdings Corp.

     200        11,819  

Fujitsu Ltd.

     600        77,192  

Hakuhodo DY Holdings, Inc.

     1,100        11,507  

Hirose Electric Co. Ltd.

     100        13,198  

Honda Motor Co. Ltd.

     1,900        57,065  

Hulic Co. Ltd.

     1,400        11,924  

Ibiden Co. Ltd.

     900        50,438  

Isuzu Motors Ltd.

     800        9,631  

Itochu Techno-Solutions Corp.

     600        15,094  

Kajima Corp.

     1,500        22,520  

Kao Corp.

     800        28,859  

KDDI Corp.

     1,700        52,340  

Kirin Holdings Co. Ltd.

     1,200        17,448  

Kyowa Kirin Co. Ltd.

     900        16,588  

Mazda Motor Corp.

     5,500        53,027  

McDonald’s Holdings Co. Japan Ltd.

     500        19,407  

MEIJI Holdings Co. Ltd.

     500        11,132  

Mitsubishi Chemical Group Corp.

     3,200        19,111  

Mitsui Chemicals, Inc.

     1,100        32,185  

Mitsui Fudosan Co. Ltd.

     600        11,875  

Mizuho Financial Group, Inc.

     3,700        56,293  

MS&AD Insurance Group Holdings, Inc.

     1,500        52,887  

NGK Insulators Ltd.

     1,000        11,859  

Nippon Express Holdings, Inc.

     200        11,214  

Nippon Telegraph & Telephone Corp.

     60,000        70,779  

Nissin Foods Holdings Co. Ltd.

     100      8,240  

Nitto Denko Corp.

     600        44,128  

Nomura Holdings, Inc.(a)

     10,400        39,374  

Nomura Real Estate Holdings, Inc.

     500        11,810  

Nomura Research Institute Ltd.

     1,600        43,848  

Obayashi Corp.

     5,900        50,781  

Ono Pharmaceutical Co. Ltd.

     800        14,424  

Oracle Corp.

     100        7,396  

Otsuka Corp.

     200        7,731  

Otsuka Holdings Co. Ltd.

     300        10,941  

Panasonic Holdings Corp.

     2,900        35,183  

Renesas Electronics Corp.*

     1,400        26,167  

SCSK Corp.

     2,300        35,956  

Secom Co. Ltd.

     700        47,167  

Seiko Epson Corp.

     1,600        24,786  

Sekisui Chemical Co. Ltd.

     1,900        27,238  

Sekisui House Ltd.

     2,100        42,215  

SG Holdings Co. Ltd.

     1,100        15,583  

Shimizu Corp.

     2,100        13,226  

Shin-Etsu Chemical Co. Ltd.

     1,500        49,483  

Shionogi & Co. Ltd.

     300        12,599  

SoftBank Corp.

     1,200        12,786  

Sompo Holdings, Inc.

     900        40,219  

SUMCO Corp.

     1,200        16,837  

Sumitomo Electric Industries Ltd.

     1,300        15,803  

Sumitomo Mitsui Financial Group, Inc.(a)

     1,700        72,441  

Sumitomo Mitsui Trust Holdings, Inc.

     900        31,838  

Suntory Beverage & Food Ltd.

     800        28,848  

Sysmex Corp.

     200        13,564  

Taisei Corp.

     600        20,843  

Takeda Pharmaceutical Co. Ltd.

     700        21,925  

TDK Corp.

     900        34,665  

TIS, Inc.

     800        19,876  

Toho Co. Ltd.

     300        11,356  

Tokio Marine Holdings, Inc.

     3,200        73,394  

Tokyo Electron Ltd.

     800        113,799  

Tokyo Gas Co. Ltd.

     2,600        56,539  

Toshiba Corp.

     1,000        31,252  

TOTO Ltd.

     1,100        32,916  

Yakult Honsha Co. Ltd.

     200        12,599  

Yamaha Motor Co. Ltd.

     1,600        45,630  

Yamato Holdings Co. Ltd.

     800        14,408  

Yokogawa Electric Corp.

     500        9,169  
     

 

 

 
Total Japan               2,669,009  
Jordan – 0.1%      

Hikma Pharmaceuticals PLC

     586        14,084  
Netherlands – 3.9%      

ABN AMRO Bank NV, CVA(b)

     3,140        48,748  

Akzo Nobel NV

     540        44,021  

Heineken Holding NV

     609        52,921  

Heineken NV

     576        59,184  

IMCD NV

     75        10,776  

Koninklijke KPN NV

     20,019        71,398  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Schedule of Investments (continued)

WisdomTree International ESG Fund (RESD)

June 30, 2023

 

 

 

Investments    Shares      Value  

OCI NV*

     355      $ 8,509  

QIAGEN NV*

     215        9,650  

Randstad NV

     800        42,165  

Wolters Kluwer NV

     677        85,900  
     

 

 

 
Total Netherlands               433,272  
Norway – 0.4%      

Telenor ASA

     3,187        32,365  

Yara International ASA

     404        14,292  
     

 

 

 
Total Norway               46,657  
Singapore – 1.6%      

CapitaLand Ascendas REIT

     6,100        12,260  

DBS Group Holdings Ltd.

     2,300        53,551  

Genting Singapore Ltd.

     51,000        35,423  

Oversea-Chinese Banking Corp. Ltd.

     1,800        16,333  

Singapore Telecommunications Ltd.

     30,800        56,896  
     

 

 

 
Total Singapore               174,463  
Spain – 5.0%      

Acciona SA(a)

     296        50,184  

Banco Bilbao Vizcaya Argentaria SA

     15,103        115,869  

Banco Santander SA

     10,734        39,641  

Corp. ACCIONA Energias Renovables SA(a)

     1,503        50,210  

Iberdrola SA

     9,690        126,333  

Industria de Diseno Textil SA

     3,051        118,033  

Redeia Corp. SA(a)

     2,290        38,438  

Telefonica SA

     4,426        17,944  
     

 

 

 
Total Spain               556,652  
Sweden – 2.1%      

Alfa Laval AB

     271        9,860  

Assa Abloy AB, Class B

     448        10,742  

Atlas Copco AB, Class A

     722        10,388  

Essity AB, Class B

     1,164        30,939  

H & M Hennes & Mauritz AB, Class B

     906        15,533  

Industrivarden AB, Class A

     437        12,089  

Sandvik AB

     692        13,467  

Skandinaviska Enskilda Banken AB, Class A

     1,057        11,660  

Svenska Handelsbanken AB, Class A

     4,699        39,301  

Swedbank AB, Class A

     2,393        40,288  

Swedish Orphan Biovitrum AB*

     567        11,045  

Telia Co. AB

     5,629        12,325  

Volvo Car AB, Class B*(a)

     3,223        12,777  
     

 

 

 
Total Sweden               230,414  
Switzerland – 12.3%      

ABB Ltd., Registered Shares

     2,515        98,896  

Clariant AG, Registered Shares*

     1,112        16,059  

Coca-Cola HBC AG*

     1,742        51,935  

Geberit AG, Registered Shares

     27        14,127  

Givaudan SA, Registered Shares

     18        59,655  

Holcim AG, Registered Shares*

     697        46,900  

Julius Baer Group Ltd.

     188        11,839  

Kuehne & Nagel International AG, Registered Shares

     202        59,766  

Nestle SA, Registered Shares

     2,615        314,507  

Novartis AG, Registered Shares

     1,985      199,687  

Roche Holding AG

     553        169,055  

SIG Group AG*

     415        11,448  

Sonova Holding AG, Registered Shares

     72        19,170  

STMicroelectronics NV

     1,767        87,840  

Swiss Life Holding AG, Registered Shares

     20        11,692  

Swiss Re AG

     233        23,450  

Swisscom AG, Registered Shares

     117        72,948  

Zurich Insurance Group AG

     216        102,586  
     

 

 

 
Total Switzerland               1,371,560  
United Kingdom – 15.1%      

Anglo American PLC

     1,201        34,095  

AstraZeneca PLC

     1,182        169,449  

Barratt Developments PLC

     10,733        56,424  

Berkeley Group Holdings PLC

     288        14,364  

Bunzl PLC

     1,501        57,230  

Burberry Group PLC

     452        12,183  

CNH Industrial NV

     4,553        65,593  

Compass Group PLC

     443        12,402  

Diageo PLC

     2,344        100,696  

HSBC Holdings PLC

     21,074        166,569  

Informa PLC

     1,371        12,654  

Kingfisher PLC

     16,000        47,131  

Legal & General Group PLC

     4,477        12,937  

Lloyds Banking Group PLC

     33,308        18,459  

London Stock Exchange Group PLC

     790        84,025  

National Grid PLC

     6,890        91,144  

Next PLC

     548        48,072  

Pearson PLC

     4,925        51,469  

Reckitt Benckiser Group PLC

     978        73,509  

RELX PLC

     3,605        120,126  

Smith & Nephew PLC

     1,003        16,169  

SSE PLC

     3,103        72,627  

Standard Chartered PLC

     8,435        73,244  

Taylor Wimpey PLC

     40,220        52,540  

Unilever PLC

     2,884        150,238  

Vodafone Group PLC

     15,493        14,570  

Whitbread PLC

     898        38,657  

WPP PLC

     1,176        12,311  
     

 

 

 
Total United Kingdom               1,678,887  
United States – 0.6%      

GSK PLC

     2,467        43,559  

Stellantis NV

     1,096        19,239  
     

 

 

 
Total United States               62,798  

TOTAL COMMON STOCKS

(Cost: $10,092,744)

              11,029,213  
PREFERRED STOCK – 0.4%      
Germany – 0.4%      
Henkel AG & Co. KGaA
(Cost: $47,395)
     622        49,714  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International ESG Fund (RESD)

June 30, 2023

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2%

 

United States – 2.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(c)

     
(Cost: $241,353)      241,353      $ 241,353  

TOTAL INVESTMENTS IN SECURITIES – 101.6%

(Cost: $10,381,492)

 

 

     11,320,280  

Other Assets less Liabilities – (1.6)%

 

     (176,079
     

 

 

 
NET ASSETS – 100.0%

 

   $ 11,144,201  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $332,375 and the total market value of the collateral held by the Fund was $349,692. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $108,339.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 11,029,213      $      $      $ 11,029,213  

Preferred Stock

     49,714                      49,714  

Investment of Cash Collateral for Securities Loaned

            241,353               241,353  

Total Investments in Securities

   $ 11,078,927      $ 241,353      $      $ 11,320,280  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Schedule of Investments

WisdomTree U.S. Corporate Bond Fund (WFIG)

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.3%

 

Canada – 0.2%

 

Barrick North America Finance LLC
5.75%, 5/1/43

   $ 8,000      $ 8,257  

Canadian Pacific Railway Co.
4.70%, 5/1/48

     7,000        6,399  
     

 

 

 
Total Canada

 

     14,656  
Germany – 1.1%

 

Deutsche Bank AG
4.10%, 1/13/26

     100,000        93,561  
Switzerland – 0.2%

 

Novartis Capital Corp.
3.00%, 11/20/25

     17,000        16,275  
United Kingdom – 1.3%

 

BAT Capital Corp.
4.70%, 4/2/27

     36,000        34,919  

2.26%, 3/25/28

     21,000        18,010  

4.39%, 8/15/37

     6,000        4,804  

4.54%, 8/15/47

     24,000        17,752  

4.76%, 9/6/49

     7,000        5,293  

GlaxoSmithKline Capital, Inc.
6.38%, 5/15/38

     5,000        5,716  

RELX Capital, Inc.
4.00%, 3/18/29

     5,000        4,792  

Reynolds American, Inc.
5.85%, 8/15/45

     30,000        26,819  
     

 

 

 
Total United Kingdom

 

     118,105  
United States – 95.5%

 

3M Co.
3.38%, 3/1/29

     7,000        6,430  

3.13%, 9/19/46

     9,000        6,349  

Abbott Laboratories
2.95%, 3/15/25

     15,000        14,527  

AbbVie, Inc.
2.60%, 11/21/24

     9,000        8,637  

3.80%, 3/15/25

     53,000        51,561  

3.60%, 5/14/25

     13,000        12,571  

4.25%, 11/14/28

     54,000        52,446  

3.20%, 11/21/29

     7,000        6,331  

4.50%, 5/14/35

     14,000        13,294  

4.88%, 11/14/48

     8,000        7,575  

4.25%, 11/21/49

     10,000        8,629  

Aetna, Inc.
6.63%, 6/15/36

     6,000        6,619  

Alexandria Real Estate Equities, Inc.
3.95%, 1/15/28

     20,000        18,684  

1.88%, 2/1/33

     12,000        8,799  

Allstate Corp.
3.85%, 8/10/49

     11,000        8,584  

Ally Financial, Inc.
7.10%, 11/15/27(a)

     77,000        77,734  

2.20%, 11/2/28

     6,000        4,806  

Altria Group, Inc.
4.80%, 2/14/29

     18,000        17,524  

5.80%, 2/14/39

     19,000        18,613  

5.95%, 2/14/49(a)

     20,000        18,974  

Amazon.com, Inc.
4.25%, 8/22/57

   7,000      6,338  

2.70%, 6/3/60

     9,000        5,790  

Amcor Finance USA, Inc.
3.63%, 4/28/26

     6,000        5,678  

Ameren Corp.
3.50%, 1/15/31

     14,000        12,538  

American Electric Power Co., Inc.
4.30%, 12/1/28, Series J

     9,000        8,610  

American Express Co.
3.63%, 12/5/24

     9,000        8,746  

American Honda Finance Corp.
1.30%, 9/9/26

     49,000        43,651  

American International Group, Inc.
2.50%, 6/30/25

     16,000        15,095  

4.38%, 6/30/50

     10,000        8,467  

American Water Capital Corp.
4.30%, 12/1/42

     10,000        8,877  

AmerisourceBergen Corp.
2.80%, 5/15/30

     15,000        13,028  

Amgen, Inc.
5.15%, 3/2/28

     26,000        25,989  

5.25%, 3/2/33

     26,000        26,039  

4.66%, 6/15/51

     70,000        62,817  

5.65%, 3/2/53

     9,000        9,129  

Amphenol Corp.
2.80%, 2/15/30

     20,000        17,578  

Aon Corp. / Aon Global Holdings PLC
2.05%, 8/23/31

     11,000        8,789  

Apple, Inc.
1.65%, 2/8/31

     6,000        4,978  

3.85%, 5/4/43

     7,000        6,246  

4.65%, 2/23/46

     9,000        8,885  

Arizona Public Service Co.
6.35%, 12/15/32

     9,000        9,553  

Atmos Energy Corp.
1.50%, 1/15/31

     9,000        7,106  

AutoNation, Inc.
3.50%, 11/15/24

     21,000        20,280  

AutoZone, Inc.
1.65%, 1/15/31

     15,000        11,715  

Bank of America Corp.
4.20%, 8/26/24

     9,000        8,834  

4.45%, 3/3/26

     24,000        23,375  

1.73%, 7/22/27, (1.734% fixed rate until 7/22/26; Secured Overnight Financing Rate + 0.96% thereafter)(b)

     32,000        28,575  

3.25%, 10/21/27

     10,000        9,327  

3.42%, 12/20/28, (3.419% fixed rate until 12/20/27; 3-month Secured Overnight Financing Rate + 1.302% thereafter)(b)

     38,000        34,973  

3.19%, 7/23/30, (3.194% fixed rate until 7/23/29; 3-month Secured Overnight Financing Rate + 1.442% thereafter)(b)

     158,000        139,711  

2.50%, 2/13/31, (2.496% fixed rate until 2/13/30; 3-month Secured Overnight Financing Rate + 1.252% thereafter)(b)

     27,000        22,614  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

2.59%, 4/29/31, (2.592% fixed rate until 4/29/30; Secured Overnight Financing Rate + 2.15% thereafter)(b)

   $ 140,000      $ 117,832  

1.90%, 7/23/31, (1.898% fixed rate until 7/23/30; Secured Overnight Financing Rate + 1.53% thereafter)(b)

     48,000        38,242  

4.57%, 4/27/33, (4.571% fixed rate until 4/27/32; Secured Overnight Financing Rate + 1.83% thereafter)(b)

     10,000        9,419  

5.02%, 7/22/33, (5.015% fixed rate until 7/22/32; Secured Overnight Financing Rate + 2.16% thereafter)(b)

     2,000        1,958  

3.85%, 3/8/37, (3.846% fixed rate until 3/8/32; 5-year Constant Maturity Treasury Rate + 2.00% thereafter)(b)

     5,000        4,282  

Bank of New York Mellon Corp.
2.45%, 8/17/26

     10,000        9,235  

3.30%, 8/23/29

     20,000        17,985  

Becton Dickinson and Co.
3.79%, 5/20/50

     25,000        19,906  

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

     15,000        15,695  

Berkshire Hathaway Finance Corp.
3.85%, 3/15/52

     5,000        4,142  

Biogen, Inc.
3.15%, 5/1/50(a)

     13,000        8,907  

Booking Holdings, Inc.
3.55%, 3/15/28

     5,000        4,708  

BorgWarner, Inc.
4.38%, 3/15/45

     9,000        7,261  

Boston Scientific Corp.
4.70%, 3/1/49

     10,000        9,424  

Brighthouse Financial, Inc.
5.63%, 5/15/30

     9,000        8,744  

4.70%, 6/22/47

     4,000        3,060  

Broadcom Corp. / Broadcom Cayman Finance Ltd.
3.88%, 1/15/27

     11,000        10,499  

Broadcom, Inc.
2.45%, 2/15/31(c)

     26,000        21,155  

4.30%, 11/15/32

     18,000        16,504  

3.42%, 4/15/33(c)

     116,000        97,237  

3.47%, 4/15/34(c)

     21,000        17,237  

Broadridge Financial Solutions, Inc.
3.40%, 6/27/26

     136,000        128,281  

Brown & Brown, Inc.
4.20%, 3/17/32

     11,000        9,908  

Burlington Northern Santa Fe LLC
5.05%, 3/1/41

     6,000        5,926  

5.40%, 6/1/41

     25,000        25,592  

Campbell Soup Co.
2.38%, 4/24/30

     20,000        16,874  

Capital One Financial Corp.
3.75%, 7/28/26

     42,000        39,152  

3.80%, 1/31/28

     17,000        15,678  

Carrier Global Corp.
3.38%, 4/5/40

     17,000        13,071  

Celanese U.S. Holdings LLC
5.90%, 7/5/24

   10,000      9,981  

6.05%, 3/15/25

     15,000        14,946  

6.17%, 7/15/27

     10,000        9,982  

CF Industries, Inc.
4.95%, 6/1/43

     10,000        8,667  

Charles Schwab Corp.
1.15%, 5/13/26

     132,000        116,877  

Chubb Corp.
6.50%, 5/15/38, Series 1

     7,000        7,875  

Cigna Group
4.50%, 2/25/26

     62,000        60,762  

4.38%, 10/15/28

     14,000        13,567  

5.40%, 3/15/33

     20,000        20,341  

4.90%, 12/15/48

     10,000        9,332  

3.40%, 3/15/51(a)

     12,000        8,766  

Cisco Systems, Inc.
5.50%, 1/15/40

     6,000        6,387  

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

     21,000        20,900  

3.11%, 4/8/26, (3.106% fixed rate until 4/8/25; Secured Overnight Financing Rate + 2.842% thereafter)(b)

     45,000        42,985  

4.30%, 11/20/26

     17,000        16,302  

4.45%, 9/29/27

     21,000        20,071  

3.89%, 1/10/28, (3.887% fixed rate until 1/10/27; 3-month Secured Overnight Financing Rate + 1.825% thereafter)(b)

     12,000        11,379  

4.08%, 4/23/29, (4.075% fixed rate until 4/23/28; 3-month Secured Overnight Financing Rate + 1.454% thereafter)(b)

     37,000        34,865  

4.41%, 3/31/31, (4.412% fixed rate until 3/31/30; Secured Overnight Financing Rate + 3.914% thereafter)(b)

     27,000        25,443  

2.56%, 5/1/32, (2.561% fixed rate until 5/1/31; Secured Overnight Financing Rate + 1.167% thereafter)(b)

     22,000        17,984  

6.63%, 6/15/32

     19,000        20,135  

3.06%, 1/25/33, (3.057% fixed rate until 1/25/32; Secured Overnight Financing Rate + 1.351% thereafter)(b)

     27,000        22,535  

3.79%, 3/17/33, (3.785% fixed rate until 3/17/32; Secured Overnight Financing Rate + 1.939% thereafter)(b)

     49,000        43,377  

6.27%, 11/17/33, (6.27% fixed rate until 11/17/32; Secured Overnight Financing Rate + 2.338% thereafter)(b)

     25,000        26,555  

Citizens Financial Group, Inc.
3.25%, 4/30/30

     108,000        89,156  

Clorox Co.
4.60%, 5/1/32

     9,000        8,808  

CNA Financial Corp.
4.50%, 3/1/26

     9,000        8,742  

Coca-Cola Co.
2.25%, 1/5/32(a)

     5,000        4,268  

3.00%, 3/5/51

     16,000        12,238  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Schedule of Investments (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Comcast Corp.
3.38%, 8/15/25

   $ 45,000      $ 43,465  

3.15%, 2/15/28

     47,000        43,922  

4.15%, 10/15/28

     9,000        8,731  

4.25%, 10/15/30

     12,000        11,574  

1.50%, 2/15/31

     51,000        40,619  

4.25%, 1/15/33

     21,000        20,001  

2.94%, 11/1/56

     35,000        22,832  

Commonwealth Edison Co.
3.65%, 6/15/46

     30,000        23,545  

Conagra Brands, Inc.
7.00%, 10/1/28

     9,000        9,605  

Connecticut Light & Power Co.
4.30%, 4/15/44

     31,000        27,055  

ConocoPhillips
4.03%, 3/15/62

     11,000        8,996  

Consolidated Edison Co. of New York, Inc.
6.75%, 4/1/38, Series 08-B

     17,000        19,076  

4.50%, 5/15/58

     21,000        17,687  

3.60%, 6/15/61

     6,000        4,360  

Continental Resources, Inc.
4.38%, 1/15/28

     40,000        37,573  

Corebridge Financial, Inc.

     

6.88%, 12/15/52, (6.88% fixed rate until 12/15/51; 5-year Constant Maturity Treasury Rate + 3.846% thereafter)(b)

     27,000        25,901  

Corning, Inc.
5.45%, 11/15/79

     11,000        10,046  

CSX Corp.
6.00%, 10/1/36

     7,000        7,393  

4.25%, 11/1/66

     8,000        6,662  

CubeSmart LP
2.50%, 2/15/32

     11,000        8,751  

CVS Health Corp.
3.38%, 8/12/24

     8,000        7,800  

3.88%, 7/20/25

     22,000        21,397  

4.30%, 3/25/28

     9,000        8,689  

4.78%, 3/25/38

     88,000        81,198  

5.13%, 7/20/45

     7,000        6,487  

5.05%, 3/25/48

     14,000        12,923  

Dell International LLC / EMC Corp.
6.02%, 6/15/26

     24,000        24,366  

5.30%, 10/1/29

     14,000        13,912  

3.38%, 12/15/41(c)

     8,000        5,655  

Devon Energy Corp.
4.50%, 1/15/30

     47,000        44,308  

Diamondback Energy, Inc.
6.25%, 3/15/33

     25,000        25,916  

4.25%, 3/15/52

     6,000        4,636  

Discover Financial Services
3.95%, 11/6/24

     17,000        16,413  

Dollar General Corp.
3.88%, 4/15/27

     45,000        43,036  

Dow Chemical Co.
2.10%, 11/15/30

     29,000        23,999  

DTE Electric Co.
3.00%, 3/1/32, Series A

     10,000        8,621  

Duke Energy Carolinas LLC
6.05%, 4/15/38

   10,000      10,583  

Duke Energy Corp.
2.65%, 9/1/26

     15,000        13,879  

Duke Energy Florida LLC
4.20%, 7/15/48

     7,000        5,981  

Duke Energy Progress LLC
3.70%, 10/15/46

     58,000        45,332  

4.00%, 4/1/52

     10,000        8,148  

Eastern Gas Transmission & Storage, Inc.
4.80%, 11/1/43

     5,000        4,406  

eBay, Inc.
4.00%, 7/15/42

     17,000        13,595  

Elevance Health, Inc.
3.65%, 12/1/27

     17,000        16,082  

4.65%, 1/15/43

     8,000        7,328  

4.55%, 5/15/52

     10,000        8,946  

5.13%, 2/15/53

     18,000        17,457  

Energy Transfer LP
6.63%, 10/15/36

     20,000        20,566  

Entergy Corp.
2.95%, 9/1/26

     23,000        21,246  

Entergy Louisiana LLC
4.00%, 3/15/33

     24,000        21,872  

Enterprise Products Operating LLC
2.80%, 1/31/30

     21,000        18,429  

4.85%, 3/15/44

     19,000        17,575  

4.80%, 2/1/49

     20,000        18,345  

4.20%, 1/31/50

     22,000        18,504  

3.95%, 1/31/60

     10,000        7,725  

ERP Operating LP
1.85%, 8/1/31

     22,000        17,365  

Essential Utilities, Inc.
4.28%, 5/1/49

     11,000        8,952  

Essex Portfolio LP
2.65%, 3/15/32

     10,000        8,071  

Evergy, Inc.
2.90%, 9/15/29

     7,000        6,113  

Exelon Corp.
4.45%, 4/15/46

     7,000        5,978  

4.10%, 3/15/52

     5,000        4,072  

Extra Space Storage LP
2.35%, 3/15/32

     17,000        13,325  

Exxon Mobil Corp.
2.02%, 8/16/24

     6,000        5,785  

2.71%, 3/6/25

     9,000        8,648  

4.33%, 3/19/50

     19,000        17,289  

3.45%, 4/15/51

     6,000        4,690  

FedEx Corp.
4.20%, 10/17/28

     19,000        18,328  

Fifth Third Bancorp
8.25%, 3/1/38

     7,000        8,039  

Fiserv, Inc.
2.75%, 7/1/24

     19,000        18,440  

Flex Ltd.
4.75%, 6/15/25

     10,000        9,781  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Fortune Brands Innovations, Inc.
4.00%, 3/25/32

   $ 10,000      $ 8,924  

Fox Corp.
3.50%, 4/8/30

     31,000        27,953  

General Dynamics Corp.
4.25%, 4/1/40

     10,000        9,224  

General Electric Co.
6.88%, 1/10/39, Series A

     10,000        11,985  

General Mills, Inc.
4.00%, 4/17/25

     12,000        11,713  

4.20%, 4/17/28

     9,000        8,752  

Georgia Power Co.
2.20%, 9/15/24, Series A

     24,000        22,974  

5.13%, 5/15/52

     9,000        8,783  

Gilead Sciences, Inc.
4.60%, 9/1/35

     10,000        9,668  

4.80%, 4/1/44

     10,000        9,573  

4.50%, 2/1/45

     5,000        4,570  

4.15%, 3/1/47

     46,000        39,966  

Global Payments, Inc.
2.90%, 5/15/30

     18,000        15,266  

Goldman Sachs Group, Inc.
3.50%, 4/1/25

     45,000        43,230  

1.54%, 9/10/27, (1.542% fixed rate until 9/10/26; Secured Overnight Financing Rate + 0.818% thereafter)(b)

     50,000        43,987  

4.22%, 5/1/29, (4.223% fixed rate until 5/1/28; 3-month Secured Overnight Financing Rate + 1.563% thereafter)(b)

     46,000        43,501  

3.10%, 2/24/33, (3.102% fixed rate until 2/24/32; Secured Overnight Financing Rate + 1.41% thereafter)(b)

     53,000        44,800  

6.75%, 10/1/37

     40,000        43,041  

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

     7,000        7,000  

Hasbro, Inc.
3.50%, 9/15/27

     10,000        9,325  

HCA, Inc.
4.50%, 2/15/27

     9,000        8,701  

4.13%, 6/15/29

     140,000        129,723  

5.25%, 6/15/49

     16,000        14,516  

Healthpeak OP LLC
3.50%, 7/15/29

     16,000        14,378  

Home Depot, Inc.
4.88%, 2/15/44

     9,000        8,782  

4.40%, 3/15/45

     8,000        7,311  

4.50%, 12/6/48

     9,000        8,357  

Honeywell International, Inc.
5.70%, 3/15/37

     17,000        18,182  

HP, Inc.
2.65%, 6/17/31

     22,000        17,742  

6.00%, 9/15/41

     12,000        12,147  

Humana, Inc.
3.13%, 8/15/29

     15,000        13,259  

Huntington Bancshares, Inc.
2.55%, 2/4/30

     10,000        8,025  

Indiana Michigan Power Co.
4.55%, 3/15/46, Series K

     40,000        35,774  

Intel Corp.
2.00%, 8/12/31

   6,000      4,903  

4.75%, 3/25/50

     34,000        30,841  

4.90%, 8/5/52

     30,000        27,777  

4.95%, 3/25/60(a)

     8,000        7,407  

Intercontinental Exchange, Inc.
4.60%, 3/15/33

     15,000        14,547  

3.00%, 6/15/50

     13,000        9,054  

International Business Machines Corp.
3.50%, 5/15/29

     175,000        161,831  

International Paper Co.
5.00%, 9/15/35

     11,000        10,583  

4.80%, 6/15/44

     3,000        2,662  

Interpublic Group of Cos., Inc.
4.65%, 10/1/28

     11,000        10,623  

J.M. Smucker Co.
4.25%, 3/15/35

     7,000        6,387  

Jabil, Inc.
3.00%, 1/15/31

     10,000        8,514  

JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.
6.50%, 12/1/52(c)

     20,000        18,998  

Jefferies Financial Group, Inc.
4.85%, 1/15/27

     25,000        24,520  

Johnson & Johnson
4.38%, 12/5/33

     6,000        6,055  

Johnson Controls International PLC
3.90%, 2/14/26

     22,000        21,170  

JPMorgan Chase & Co.

     

4.08%, 4/26/26, (4.08% fixed rate until 4/26/25; Secured Overnight Financing Rate + 1.32% thereafter)(b)

     133,000        129,325  

3.63%, 12/1/27

     25,000        23,483  

4.32%, 4/26/28, (4.323% fixed rate until 4/26/27; Secured Overnight Financing Rate + 1.56% thereafter)(b)

     23,000        22,219  

4.57%, 6/14/30, (4.565% fixed rate until 6/14/29; Secured Overnight Financing Rate + 1.75% thereafter)(b)

     84,000        80,799  

4.49%, 3/24/31, (4.493% fixed rate until 3/24/30; 3-month Secured Overnight Financing Rate + 3.79% thereafter)(b)

     23,000        22,106  

2.58%, 4/22/32, (2.58% fixed rate until 4/22/31 ; 3-month Secured Overnight Financing Rate + 1.25% thereafter)(b)

     26,000        21,604  

4.91%, 7/25/33, (4.912% fixed rate until 7/25/32; Secured Overnight Financing Rate + 2.08% thereafter)(b)

     3,000        2,935  

5.72%, 9/14/33, (5.717% fixed rate until 9/14/32; Secured Overnight Financing Rate + 2.58% thereafter)(b)

     34,000        34,510  

6.40%, 5/15/38

     11,000        12,284  

2.53%, 11/19/41, (2.525% fixed rate until 11/19/40; 3-month Secured Overnight Financing Rate + 1.51% thereafter)(b)

     12,000        8,275  

Kellogg Co.
4.50%, 4/1/46

     10,000        8,896  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Schedule of Investments (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Keurig Dr. Pepper, Inc.
4.05%, 4/15/32

   $ 7,000      $ 6,511  

4.50%, 4/15/52

     21,000        18,543  

KeyCorp
2.55%, 10/1/29

     10,000        7,576  

Kilroy Realty LP
4.38%, 10/1/25

     17,000        15,935  

Kimberly-Clark Corp.
2.88%, 2/7/50(a)

     7,000        5,057  

Kimco Realty OP LLC
2.80%, 10/1/26

     22,000        20,128  

KLA Corp.
3.30%, 3/1/50

     7,000        5,287  

Kraft Heinz Foods Co.
6.50%, 2/9/40

     62,000        67,037  

4.38%, 6/1/46

     10,000        8,546  

Kroger Co.
5.15%, 8/1/43

     2,000        1,852  

4.45%, 2/1/47

     8,000        6,998  

L3Harris Technologies, Inc.
5.05%, 4/27/45

     5,000        4,629  

Laboratory Corp. of America Holdings
1.55%, 6/1/26

     6,000        5,360  

Lam Research Corp.
3.80%, 3/15/25

     4,000        3,913  

Lear Corp.
3.50%, 5/30/30

     10,000        8,844  

Leidos, Inc.
4.38%, 5/15/30

     10,000        9,240  

Life Storage LP
2.40%, 10/15/31

     11,000        8,727  

Lincoln National Corp.
3.80%, 3/1/28(a)

     13,000        11,762  

Lockheed Martin Corp.
4.50%, 5/15/36

     10,000        9,663  

Louisville Gas & Electric Co.
5.45%, 4/15/33, Series LOU

     17,000        17,356  

Lowe’s Cos., Inc.
4.05%, 5/3/47

     28,000        22,604  

4.45%, 4/1/62

     20,000        16,161  

LYB International Finance III LLC
4.20%, 5/1/50

     10,000        7,663  

Magellan Midstream Partners LP
5.15%, 10/15/43

     48,000        41,011  

Marathon Petroleum Corp.
6.50%, 3/1/41

     17,000        17,529  

Markel Group, Inc.
5.00%, 5/20/49

     10,000        9,034  

Marriott International, Inc.
5.75%, 5/1/25, Series EE

     152,000        152,543  

Marsh & McLennan Cos., Inc.
2.90%, 12/15/51

     6,000        4,039  

Martin Marietta Materials, Inc.
2.40%, 7/15/31

     73,000        59,727  

McDonald’s Corp.
6.30%, 3/1/38, Series I

     8,000        8,844  

4.60%, 5/26/45

     5,000        4,570  

Merck & Co., Inc.
4.00%, 3/7/49

   6,000      5,316  

MetLife, Inc.
4.60%, 5/13/46

     16,000        14,398  

Microchip Technology, Inc.
0.98%, 9/1/24

     10,000        9,445  

Micron Technology, Inc.
5.33%, 2/6/29

     12,000        11,837  

5.88%, 2/9/33

     18,000        17,953  

Microsoft Corp.
2.92%, 3/17/52

     12,000        8,945  

MidAmerican Energy Co.
3.65%, 8/1/48

     5,000        3,866  

Mondelez International, Inc.
2.75%, 4/13/30

     9,000        7,897  

Moody’s Corp.
5.25%, 7/15/44

     10,000        9,847  

Morgan Stanley
5.00%, 11/24/25

     24,000        23,622  

3.95%, 4/23/27

     156,000        147,932  

4.43%, 1/23/30, (4.431% fixed rate until 1/23/29; 3-month Secured Overnight Financing Rate + 1.90% thereafter)(b)

     21,000        20,008  

2.24%, 7/21/32, (2.239% fixed rate until 7/21/31; Secured Overnight Financing Rate + 1.178% thereafter)(b)

     23,000        18,306  

2.94%, 1/21/33, (2.943% fixed rate until 1/21/32; Secured Overnight Financing Rate + 1.29% thereafter)(b)

     27,000        22,488  

6.34%, 10/18/33, (6.342% fixed rate until 10/18/32; Secured Overnight Financing Rate + 2.56% thereafter)(b)

     54,000        57,562  

5.30%, 4/20/37, (5.297% fixed rate until 4/20/32; Secured Overnight Financing Rate + 2.62% thereafter)(b)

     19,000        17,977  

Mosaic Co.
5.45%, 11/15/33

     10,000        9,762  

Motorola Solutions, Inc.
4.60%, 5/23/29

     11,000        10,670  

Newmont Corp.
2.25%, 10/1/30

     126,000        103,621  

NextEra Energy Capital Holdings, Inc.
6.05%, 3/1/25

     21,000        21,128  

3.55%, 5/1/27

     17,000        16,053  

2.25%, 6/1/30

     7,000        5,825  

5.05%, 2/28/33

     17,000        16,803  

3.00%, 1/15/52

     13,000        8,587  

4.80%, 12/1/77, (4.80% fixed rate until 12/1/27; 3-month Secured Overnight Financing Rate + 2.409% thereafter)(b)

     6,000        5,297  

NIKE, Inc.
3.38%, 11/1/46

     23,000        18,550  

Norfolk Southern Corp.
3.70%, 3/15/53

     28,000        21,710  

Northrop Grumman Corp.
4.03%, 10/15/47

     5,000        4,305  

5.25%, 5/1/50

     8,000        8,175  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Nucor Corp.
2.70%, 6/1/30

   $ 15,000      $ 13,045  

O’Reilly Automotive, Inc.
3.60%, 9/1/27

     6,000        5,683  

Old Republic International Corp.
3.88%, 8/26/26

     23,000        21,726  

Omnicom Group, Inc.
4.20%, 6/1/30

     135,000        126,688  

Oracle Corp.
2.65%, 7/15/26

     25,000        23,163  

3.25%, 11/15/27

     28,000        25,998  

2.88%, 3/25/31

     41,000        34,986  

6.25%, 11/9/32

     25,000        26,569  

4.30%, 7/8/34

     3,000        2,728  

3.85%, 7/15/36

     10,000        8,372  

5.38%, 7/15/40

     22,000        21,027  

6.90%, 11/9/52

     32,000        35,975  

4.38%, 5/15/55

     14,000        11,287  

3.85%, 4/1/60

     51,000        35,886  

4.10%, 3/25/61

     13,000        9,620  

Otis Worldwide Corp.
3.11%, 2/15/40

     31,000        23,996  

Owens Corning
4.30%, 7/15/47

     7,000        5,756  

PacifiCorp
6.00%, 1/15/39

     36,000        35,735  

Paramount Global
7.88%, 7/30/30

     29,000        30,659  

Parker-Hannifin Corp.
4.45%, 11/21/44

     6,000        5,370  

PepsiCo, Inc.
1.95%, 10/21/31

     6,000        4,968  

2.75%, 10/21/51

     6,000        4,329  

Pfizer, Inc.
4.10%, 9/15/38

     11,000        10,026  

Philip Morris International, Inc.
2.75%, 2/25/26

     15,000        14,113  

3.13%, 8/17/27

     10,000        9,363  

3.13%, 3/2/28

     8,000        7,376  

3.88%, 8/21/42

     54,000        42,942  

Phillips
66 3.55%, 10/1/26

     14,000        13,155  

5.88%, 5/1/42

     9,000        9,362  

Pinnacle West Capital Corp.
1.30%, 6/15/25

     5,000        4,555  

PNC Financial Services Group, Inc.
2.55%, 1/22/30

     64,000        54,122  

PPL Capital Funding, Inc.
4.13%, 4/15/30

     10,000        9,310  

Progress Energy, Inc.
7.75%, 3/1/31

     8,000        9,095  

Prologis LP
2.25%, 1/15/32

     22,000        17,791  

Prudential Financial, Inc.

     

5.38%, 5/15/45, (5.375% fixed rate until 5/15/25; 3- month Secured Overnight Financing Rate + 3.031% thereafter)(b)

     103,000        100,647  

3.70%, 3/13/51

     11,000        8,494  

Public Service Co. of Colorado
4.50%, 6/1/52, Series 39

   9,000      7,875  

Public Service Enterprise Group, Inc.
0.80%, 8/15/25

     15,000        13,579  

5.85%, 11/15/27

     17,000        17,383  

QUALCOMM, Inc.
4.80%, 5/20/45

     9,000        8,721  

Quanta Services, Inc.
2.35%, 1/15/32

     6,000        4,732  

Quest Diagnostics, Inc.
2.95%, 6/30/30

     6,000        5,282  

Raytheon Technologies Corp.
1.90%, 9/1/31

     8,000        6,396  

4.15%, 5/15/45

     56,000        47,876  

4.63%, 11/16/48

     12,000        11,212  

Republic Services, Inc.
2.90%, 7/1/26

     21,000        19,818  

Revvity, Inc.
0.85%, 9/15/24

     18,000        16,969  

Roper Technologies, Inc.
4.20%, 9/15/28

     12,000        11,555  

Royalty Pharma PLC
3.55%, 9/2/50

     10,000        6,772  

S&P Global, Inc.
2.30%, 8/15/60

     7,000        4,064  

Salesforce, Inc.
2.90%, 7/15/51

     25,000        17,628  

San Diego Gas & Electric Co.
1.70%, 10/1/30, Series VVV

     16,000        12,850  

Sempra Energy
6.00%, 10/15/39

     46,000        47,063  

Sherwin-Williams Co.
3.80%, 8/15/49

     7,000        5,422  

Southern Co.
4.25%, 7/1/36

     36,000        32,156  

4.40%, 7/1/46

     13,000        11,158  

Southern Co. Gas Capital Corp.
5.15%, 9/15/32

     7,000        6,967  

Southwestern Electric Power Co.
3.25%, 11/1/51

     13,000        8,763  

Stanley Black & Decker, Inc.
4.25%, 11/15/28

     14,000        13,344  

Starbucks Corp.
4.00%, 11/15/28

     9,000        8,642  

State Street Corp.

     

3.03%, 11/1/34, (3.031% fixed rate until 11/1/29; Secured Overnight Financing Rate + 1.49% thereafter)(b)

     10,000        8,524  

Steel Dynamics, Inc.
5.00%, 12/15/26

     132,000        129,962  

Synchrony Financial
3.95%, 12/1/27

     15,000        13,113  

Target Corp.
2.50%, 4/15/26

     6,000        5,683  

TD SYNNEX Corp.
2.38%, 8/9/28

     35,000        28,866  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Schedule of Investments (continued)

WisdomTree U.S. Corporate Bond Fund (WFIG)

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Teledyne Technologies, Inc.
1.60%, 4/1/26

   $ 9,000      $ 8,147  

Toyota Motor Credit Corp.
1.90%, 9/12/31

     32,000        25,844  

Travelers Cos., Inc.
6.75%, 6/20/36

     6,000        6,825  

Truist Financial Corp.

     

1.89%, 6/7/29, (1.887% fixed rate until 6/7/28; Secured Overnight Financing Rate + 0.862% thereafter)(b)

     13,000        10,823  

Tyson Foods, Inc.
4.88%, 8/15/34

     13,000        12,574  

U.S. Bancorp
3.00%, 7/30/29

     13,000        11,039  

Union Pacific Corp.
3.84%, 3/20/60

     7,000        5,582  

2.97%, 9/16/62

     6,000        3,927  

3.80%, 4/6/71

     21,000        16,162  

United Parcel Service, Inc.
6.20%, 1/15/38

     30,000        33,626  

UnitedHealth Group, Inc.
3.75%, 7/15/25

     12,000        11,683  

3.38%, 4/15/27

     134,000        127,521  

4.63%, 7/15/35

     26,000        25,479  

3.50%, 8/15/39

     8,000        6,723  

Valero Energy Corp.
6.63%, 6/15/37

     12,000        12,929  

Valero Energy Partners LP
4.50%, 3/15/28

     23,000        22,185  

Verizon Communications, Inc.
4.33%, 9/21/28

     8,000        7,714  

4.02%, 12/3/29

     8,000        7,475  

4.50%, 8/10/33

     11,000        10,394  

4.40%, 11/1/34

     25,000        23,095  

4.81%, 3/15/39

     12,000        11,241  

3.85%, 11/1/42

     9,000        7,285  

4.00%, 3/22/50

     8,000        6,505  

2.99%, 10/30/56

     62,000        39,452  

3.00%, 11/20/60

     44,000        27,592  

3.70%, 3/22/61

     10,000        7,291  

VMware, Inc.
1.40%, 8/15/26

     25,000        22,091  

Walmart, Inc.
4.00%, 4/11/43

     15,000        13,475  

WEC Energy Group, Inc.
1.80%, 10/15/30

     12,000        9,579  

Wells Fargo & Co.
3.00%, 2/19/25

     20,000        19,218  

3.55%, 9/29/25

     19,000        18,238  

4.30%, 7/22/27

     23,000        22,087  

3.35%, 3/2/33, (3.35% fixed rate until 3/2/32; Secured Overnight Financing Rate + 1.50% thereafter)(b)

     31,000        26,581  

4.90%, 7/25/33, (4.897% fixed rate until 7/25/32; Secured Overnight Financing Rate + 2.10% thereafter)(b)

     14,000        13,434  

4.90%, 11/17/45

     19,000        16,726  

Westlake Corp.
3.38%, 8/15/61

   7,000      4,293  

Weyerhaeuser Co.
7.38%, 3/15/32

     9,000        10,056  

Willis North America, Inc.
3.88%, 9/15/49

     6,000        4,390  

WRKCo, Inc.
4.20%, 6/1/32(a)

     10,000        9,118  

Wyeth LLC
6.50%, 2/1/34

     5,000        5,631  

Xcel Energy, Inc.
3.30%, 6/1/25

     20,000        19,179  

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

     5,000        4,243  

Zoetis, Inc.
3.00%, 9/12/27

     8,000        7,460  
     

 

 

 
Total United States

 

     8,360,401  

TOTAL CORPORATE BONDS

(Cost: $9,282,081)

 

 

     8,602,998  
U.S. GOVERNMENT OBLIGATIONS – 0.6%

 

U.S. Treasury Bonds – 0.4%

 

3.38%, 8/15/42

     34,000        30,879  

3.00%, 8/15/52

     7,000        5,956  

4.00%, 11/15/52

     2,200        2,262  
     

 

 

 
Total U.S. Treasury Bonds

 

     39,097  
U.S. Treasury Notes – 0.2%

 

3.13%, 8/31/29

     7,000        6,651  

3.88%, 9/30/29

     8,000        7,924  

2.75%, 8/15/32

     2,000        1,834  

4.13%, 11/15/32

     600        613  

3.50%, 2/15/33

     200        195  
     

 

 

 
Total U.S. Treasury Notes

 

     17,217  

TOTAL U.S. GOVERNMENT OBLIGATIONS

(Cost: $55,712)

 

 

     56,314  
      Shares          
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%

 

United States – 1.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(d)

     
(Cost: $104,828)      104,828        104,828  

TOTAL INVESTMENTS IN SECURITIES – 100.1%

(Cost: $9,442,621)

        8,764,140  

Other Assets less Liabilities – (0.1)%

        (9,604
     

 

 

 
NET ASSETS – 100.0%             $ 8,754,536  
(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $133,964 and the total market value of the collateral held by the Fund was $137,976. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $33,148.

 

(b) 

Rate shown reflects the accrual rate as of June 30, 2023 on securities with variable or step rates.

 

(c) 

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.

 

(d) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. Corporate Bond Fund (WFIG)

June 30, 2023

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

  

Corporate Bonds

   $      $ 8,602,998      $      $ 8,602,998  

U.S. Government Obligations

            56,314               56,314  

Investment of Cash Collateral for Securities Loaned

            104,828               104,828  

Total Investments in Securities

   $      $ 8,764,140      $      $ 8,764,140  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Schedule of Investments

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 97.2%

 

Canada – 0.8%

 

1375209 BC Ltd.
9.00%, 1/30/28(a)

   $ 151,999      $ 152,549  

Open Text Holdings, Inc.
4.13%, 2/15/30(a)

     804,000        685,780  

4.13%, 12/1/31(a)

     413,000        340,882  

Primo Water Holdings, Inc.
4.38%, 4/30/29(a)

     467,000        400,359  
     

 

 

 
Total Canada

 

     1,579,570  
Germany – 0.9%

 

Deutsche Bank AG

     

5.88%, 7/8/31, (5.882% fixed rate until 4/8/30; Secured Overnight Financing Rate + 5.438% thereafter)(b)

     695,000        611,968  

3.73%, 1/14/32, (3.729% fixed rate until 10/14/30; Secured Overnight Financing Rate + 2.757% thereafter)(b)

     210,000        158,636  

3.74%, 1/7/33, (3.742% fixed rate until 10/7/31; Secured Overnight Financing Rate + 2.257% thereafter)(b)

     1,577,000        1,156,462  
     

 

 

 
Total Germany

 

     1,927,066  
United States – 95.5%

 

ACCO Brands Corp.
4.25%, 3/15/29(a)(c)

     449,000        379,643  

AdaptHealth LLC
4.63%, 8/1/29(a)

     822,000        657,699  

ADT Security Corp.
4.13%, 8/1/29(a)

     110,000        95,539  

4.88%, 7/15/32(a)

     953,000        821,419  

AECOM
5.13%, 3/15/27

     269,000        260,486  

Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC
3.50%, 3/15/29(a)

     351,000        305,475  

4.88%, 2/15/30(a)

     1,064,000        983,668  

Allison Transmission, Inc.
5.88%, 6/1/29(a)

     746,000        728,566  

Ally Financial, Inc.
5.75%, 11/20/25(c)

     330,000        317,853  

6.70%, 2/14/33

     315,000        278,980  

AMC Networks, Inc.
4.75%, 8/1/25

     377,000        330,350  

4.25%, 2/15/29

     1,324,000        713,636  

American Axle & Manufacturing, Inc.
5.00%, 10/1/29

     280,000        233,817  

AmeriGas Partners LP / AmeriGas Finance Corp.
5.50%, 5/20/25

     200,000        193,694  

5.88%, 8/20/26

     300,000        283,647  

5.75%, 5/20/27

     1,048,000        965,784  

Amkor Technology, Inc.
6.63%, 9/15/27(a)

     191,000        191,392  

Antero Midstream Partners LP / Antero Midstream Finance Corp.
5.75%, 1/15/28(a)

   992,000      953,610  

Antero Resources Corp.
7.63%, 2/1/29(a)

     546,000        558,225  

Apache Corp.
5.10%, 9/1/40

     404,000        329,551  

Apollo Commercial Real Estate Finance, Inc.
4.63%, 6/15/29(a)

     370,000        289,011  

APX Group, Inc.
5.75%, 7/15/29(a)

     571,000        496,941  

Aramark Services, Inc.
6.38%, 5/1/25(a)

     275,000        275,580  

5.00%, 2/1/28(a)

     256,000        241,789  

Archrock Partners LP / Archrock Partners Finance Corp.
6.88%, 4/1/27(a)

     500,000        483,290  

6.25%, 4/1/28(a)

     547,000        514,393  

Asbury Automotive Group, Inc.
4.63%, 11/15/29(a)

     250,000        222,798  

5.00%, 2/15/32(a)

     523,000        457,860  

ASGN, Inc.
4.63%, 5/15/28(a)

     382,000        350,053  

Audacy Capital Corp.
6.75%, 3/31/29(a)(d)

     546,000        19,956  

Avantor Funding, Inc.
4.63%, 7/15/28(a)

     648,000        601,804  

3.88%, 11/1/29(a)

     110,000        96,527  

Avient Corp.
5.75%, 5/15/25(a)

     150,000        148,643  

Axalta Coating Systems LLC
3.38%, 2/15/29(a)

     409,000        348,828  

Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV
4.75%, 6/15/27(a)(c)

     200,000        189,502  

B&G Foods, Inc.
5.25%, 4/1/25

     448,000        428,140  

5.25%, 9/15/27(c)

     426,000        370,709  

Ball Corp.
4.00%, 11/15/23

     124,000        123,074  

5.25%, 7/1/25

     347,000        344,640  

2.88%, 8/15/30

     330,000        274,313  

Bath & Body Works, Inc.
5.25%, 2/1/28

     81,000        77,323  

6.63%, 10/1/30(a)

     226,000        218,599  

6.75%, 7/1/36

     392,000        353,733  

Berry Global, Inc.
4.50%, 2/15/26(a)

     232,000        222,205  

5.63%, 7/15/27(a)

     9,000        8,837  

Big River Steel LLC / BRS Finance Corp.
6.63%, 1/31/29(a)

     410,000        407,519  

Black Knight InfoServ LLC
3.63%, 9/1/28(a)

     285,000        256,178  

Block, Inc.
3.50%, 6/1/31

     25,000        20,771  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Booz Allen Hamilton, Inc.
3.88%, 9/1/28(a)

   $ 295,000      $ 269,190  

Boyd Gaming Corp.
4.75%, 12/1/27

     400,000        379,720  

4.75%, 6/15/31(a)

     331,000        296,996  

Brink’s Co.
4.63%, 10/15/27(a)

     50,000        46,624  

Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LLC
5.75%, 5/15/26(a)

     678,000        622,431  

Builders FirstSource, Inc.
5.00%, 3/1/30(a)

     243,000        227,317  

4.25%, 2/1/32(a)

     412,000        359,087  

6.38%, 6/15/32(a)

     600,000        596,694  

Cable One, Inc.
4.00%, 11/15/30(a)(c)

     491,000        385,592  

Caesars Entertainment, Inc.
4.63%, 10/15/29(a)(c)

     665,000        581,190  

7.00%, 2/15/30(a)

     505,000        507,939  

Callon Petroleum Co.
8.00%, 8/1/28(a)

     845,000        838,392  

Catalent Pharma Solutions, Inc.
3.13%, 2/15/29(a)

     1,000        814  

CCO Holdings LLC / CCO Holdings Capital Corp.
5.13%, 5/1/27(a)

     149,000        138,740  

5.00%, 2/1/28(a)

     709,000        646,913  

5.38%, 6/1/29(a)

     192,000        173,892  

4.75%, 3/1/30(a)

     950,000        813,874  

4.50%, 8/15/30(a)

     1,020,000        850,578  

4.25%, 2/1/31(a)

     10,000        8,091  

4.75%, 2/1/32(a)

     495,000        403,870  

4.50%, 5/1/32

     213,000        170,123  

CDI Escrow Issuer, Inc.
5.75%, 4/1/30(a)

     521,000        486,708  

CDW LLC / CDW Finance Corp.
4.25%, 4/1/28

     485,000        446,593  

3.25%, 2/15/29

     265,000        229,856  

Centene Corp.
4.63%, 12/15/29

     932,000        860,758  

3.00%, 10/15/30

     1,477,000        1,234,107  

2.50%, 3/1/31

     1,303,000        1,039,937  

Central Garden & Pet Co.
4.13%, 10/15/30

     430,000        361,269  

CF Industries, Inc.
5.15%, 3/15/34

     1,000        961  

Charles River Laboratories International, Inc.
4.25%, 5/1/28(a)

     335,000        308,294  

Chart Industries, Inc.
7.50%, 1/1/30(a)

     380,000        388,805  

9.50%, 1/1/31(a)

     230,000        245,787  

Charter Communications Operating LLC / Charter Communications Operating Capital
3.70%, 4/1/51

     1,823,000        1,161,907  

Chemours Co.
5.38%, 5/15/27

     388,000        367,335  

4.63%, 11/15/29(a)

     747,000        631,790  

Cheniere Energy Partners LP
4.50%, 10/1/29

   300,000      275,811  

4.00%, 3/1/31

     500,000        441,220  

Cheniere Energy, Inc.
4.63%, 10/15/28

     352,000        329,979  

Chesapeake Energy Corp.
6.75%, 4/15/29(a)

     410,000        407,376  

CHS / Community Health Systems, Inc.
8.00%, 3/15/26(a)

     458,000        446,619  

5.63%, 3/15/27(a)

     500,000        442,455  

8.00%, 12/15/27(a)

     476,000        461,201  

6.00%, 1/15/29(a)

     471,000        400,962  

6.88%, 4/15/29(a)

     898,000        561,807  

6.13%, 4/1/30(a)

     250,000        151,823  

5.25%, 5/15/30(a)

     950,000        753,378  

4.75%, 2/15/31(a)

     1,891,000        1,431,657  

Churchill Downs, Inc.
5.50%, 4/1/27(a)

     430,000        416,769  

Cinemark USA, Inc.
5.25%, 7/15/28(a)

     633,000        562,971  

Clarivate Science Holdings Corp.
4.88%, 7/1/29(a)(c)

     753,000        668,943  

Clean Harbors, Inc.
4.88%, 7/15/27(a)

     167,000        160,223  

Clear Channel Outdoor Holdings, Inc.
7.75%, 4/15/28(a)(c)

     798,000        629,271  

Clearway Energy Operating LLC
4.75%, 3/15/28(a)

     379,000        349,995  

3.75%, 2/15/31(a)

     201,000        167,069  

Cleveland-Cliffs, Inc.
6.75%, 3/15/26(a)

     176,000        178,033  

4.63%, 3/1/29(a)

     398,000        360,461  

4.88%, 3/1/31(a)

     31,000        27,339  

CNX Resources Corp.
7.25%, 3/14/27(a)

     420,000        417,199  

7.38%, 1/15/31(a)

     291,000        284,677  

Coherent Corp.
5.00%, 12/15/29(a)(c)

     688,000        622,069  

Coinbase Global, Inc.
3.63%, 10/1/31(a)

     1,088,000        644,270  

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

     680,000        635,229  

5.00%, 3/15/27(a)

     877,000        613,540  

CommScope, Inc.

     

6.00%, 3/1/26(a)

     1,224,000        1,146,802  

8.25%, 3/1/27(a)(c)

     591,000        473,190  

7.13%, 7/1/28(a)(c)

     696,000        495,288  

Compass Minerals International, Inc.
6.75%, 12/1/27(a)

     353,000        340,945  

Comstock Resources, Inc.
5.88%, 1/15/30(a)

     1,260,000        1,096,150  

Conduent Business Services LLC / Conduent State & Local Solutions, Inc.
6.00%, 11/1/29(a)

     545,000        449,145  

CoreCivic, Inc.
8.25%, 4/15/26

     422,000        427,300  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Coty, Inc.
5.00%, 4/15/26(a)

   $ 300,000      $ 289,491  

CQP Holdco LP / BIP-V Chinook Holdco LLC
5.50%, 6/15/31(a)

     440,000        396,418  

Crescent Energy Finance LLC
7.25%, 5/1/26(a)

     580,000        545,020  

Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp.
5.75%, 4/1/25

     596,000        589,051  

6.00%, 2/1/29(a)

     170,000        158,836  

Crown Americas LLC / Crown Americas Capital Corp. VI
4.75%, 2/1/26

     50,000        48,500  

CSC Holdings LLC
5.50%, 4/15/27(a)

     653,000        544,465  

5.38%, 2/1/28(a)

     1,394,000        1,126,519  

7.50%, 4/1/28(a)

     850,000        485,341  

6.50%, 2/1/29(a)

     500,000        406,680  

5.75%, 1/15/30(a)

     786,000        372,289  

4.13%, 12/1/30(a)

     818,000        577,246  

Curo Group Holdings Corp.
7.50%, 8/1/28(a)

     625,000        140,094  

Cushman & Wakefield U.S. Borrower LLC
6.75%, 5/15/28(a)

     390,000        353,215  

CVR Partners LP / CVR Nitrogen Finance Corp.
6.13%, 6/15/28(a)

     492,000        429,555  

DaVita, Inc.
4.63%, 6/1/30(a)

     1,286,000        1,105,587  

3.75%, 2/15/31(a)

     1,003,000        805,058  

Delta Air Lines, Inc.
3.75%, 10/28/29

     248,000        223,237  

DISH DBS Corp.
5.88%, 11/15/24

     824,000        726,776  

7.75%, 7/1/26

     2,237,000        1,375,196  

5.13%, 6/1/29

     2,322,000        1,086,650  

DISH Network Corp.
11.75%, 11/15/27(a)

     315,000        308,530  

DT Midstream, Inc.
4.38%, 6/15/31(a)

     955,000        824,079  

Dycom Industries, Inc.
4.50%, 4/15/29(a)

     318,000        289,062  

Earthstone Energy Holdings LLC
8.00%, 4/15/27(a)

     420,000        405,388  

Edgewell Personal Care Co.
4.13%, 4/1/29(a)

     680,000        594,075  

Elanco Animal Health, Inc.
6.65%, 8/28/28(c)

     700,000        680,603  

Element Solutions, Inc.
3.88%, 9/1/28(a)

     391,000        341,550  

Enact Holdings, Inc.
6.50%, 8/15/25(a)

     365,000        358,824  

Encompass Health Corp.
4.50%, 2/1/28

     907,000        847,873  

Energizer Holdings, Inc.
4.75%, 6/15/28(a)

     297,000        265,313  

4.38%, 3/31/29(a)(c)

     615,000        530,929  

EnLink Midstream LLC
5.63%, 1/15/28(a)

   234,000      227,055  

6.50%, 9/1/30(a)

     180,000        180,023  

EQM Midstream Partners LP
6.00%, 7/1/25(a)

     338,000        335,441  

6.50%, 7/1/27(a)

     498,000        491,471  

5.50%, 7/15/28

     1,188,000        1,124,478  

4.75%, 1/15/31(a)(c)

     812,000        712,571  

6.50%, 7/15/48

     182,000        164,967  

EQT Corp.
7.00%, 2/1/30

     290,000        304,106  

Ferrellgas LP / Ferrellgas Finance Corp.
5.88%, 4/1/29(a)

     547,000        458,824  

Fluor Corp.
4.25%, 9/15/28

     1,000        934  

Ford Motor Co.
4.35%, 12/8/26

     478,000        463,388  

9.63%, 4/22/30

     223,000        259,556  

3.25%, 2/12/32

     494,000        389,079  

4.75%, 1/15/43

     1,566,000        1,206,666  

5.29%, 12/8/46

     1,185,000        976,049  

Ford Motor Credit Co. LLC
4.54%, 8/1/26

     150,000        141,329  

4.95%, 5/28/27

     300,000        283,497  

7.35%, 11/4/27

     180,000        184,545  

4.00%, 11/13/30

     350,000        300,059  

Freeport-McMoRan, Inc.
5.25%, 9/1/29

     490,000        482,792  

5.40%, 11/14/34

     134,000        129,684  

5.45%, 3/15/43

     279,000        260,502  

Gap, Inc.
3.88%, 10/1/31(a)

     1,343,000        921,889  

Gartner, Inc.
3.75%, 10/1/30(a)

     451,000        394,102  

Gates Global LLC / Gates Corp.
6.25%, 1/15/26(a)

     306,000        302,463  

Gen Digital, Inc.
6.75%, 9/30/27(a)

     539,000        538,526  

Genesis Energy LP / Genesis Energy Finance Corp.
7.75%, 2/1/28

     1,464,000        1,395,763  

GLP Capital LP / GLP Financing II, Inc.
5.38%, 4/15/26

     280,000        274,274  

4.00%, 1/15/31

     502,000        434,682  

Go Daddy Operating Co. LLC / GD Finance Co., Inc.
3.50%, 3/1/29(a)

     198,000        170,246  

Goodyear Tire & Rubber Co.
5.00%, 5/31/26(c)

     400,000        391,432  

4.88%, 3/15/27

     180,000        172,026  

5.00%, 7/15/29(c)

     507,000        457,958  

5.25%, 7/15/31

     1,038,000        903,517  

GrafTech Finance, Inc.
4.63%, 12/15/28(a)

     347,000        283,246  

Graham Packaging Co., Inc.
7.13%, 8/15/28(a)

     446,000        381,397  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Gray Escrow II, Inc.
5.38%, 11/15/31(a)

   $ 1,354,000      $ 904,039  

Gray Television, Inc.
5.88%, 7/15/26(a)

     758,000        680,540  

7.00%, 5/15/27(a)

     684,000        584,027  

Griffon Corp.
5.75%, 3/1/28

     676,000        633,101  

Group 1 Automotive, Inc.
4.00%, 8/15/28(a)

     303,000        267,646  

Hanesbrands, Inc.
4.88%, 5/15/26(a)(c)

     661,000        618,068  

Herbalife Nutrition Ltd. / HLF Financing, Inc.
7.88%, 9/1/25(a)

     205,000        188,268  

Hilton Domestic Operating Co., Inc.
5.38%, 5/1/25(a)

     371,000        368,551  

5.75%, 5/1/28(a)

     608,000        600,576  

Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Escrow, Inc.
4.88%, 7/1/31(a)

     859,000        721,199  

Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp.
4.88%, 4/1/27

     535,000        519,720  

HLF Financing Sarl LLC / Herbalife International, Inc.
4.88%, 6/1/29(a)

     604,000        430,809  

Holly Energy Partners LP / Holly Energy Finance Corp.
5.00%, 2/1/28(a)

     297,000        278,141  

Hologic, Inc.
3.25%, 2/15/29(a)

     359,000        314,254  

Horizon Therapeutics USA, Inc.
5.50%, 8/1/27(a)

     250,000        251,615  

Hughes Satellite Systems Corp.
5.25%, 8/1/26

     200,000        187,994  

6.63%, 8/1/26

     701,000        659,606  

Huntsman International LLC
4.50%, 5/1/29

     2,000        1,836  

iHeartCommunications, Inc.
8.38%, 5/1/27

     1,122,050        749,069  

4.75%, 1/15/28(a)(c)

     1,000,000        757,420  

Ingevity Corp.
3.88%, 11/1/28(a)

     375,000        320,625  

IQVIA, Inc.
5.00%, 5/15/27(a)

     200,000        193,004  

Iron Mountain, Inc.
4.88%, 9/15/27(a)

     389,000        367,726  

5.25%, 3/15/28(a)

     361,000        339,203  

4.88%, 9/15/29(a)

     425,000        381,055  

5.25%, 7/15/30(a)

     133,000        120,001  

5.63%, 7/15/32(a)

     514,000        461,798  

Kaiser Aluminum Corp.
4.50%, 6/1/31(a)

     658,000        526,479  

Kennedy-Wilson, Inc.
5.00%, 3/1/31

     1,446,000        1,083,300  

Kinetik Holdings LP
5.88%, 6/15/30(a)

     200,000        190,392  

Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.
4.25%, 2/1/27(a)

   570,000      495,900  

Lamar Media Corp.
4.00%, 2/15/30

     298,000        263,629  

3.63%, 1/15/31

     34,000        28,718  

Lamb Weston Holdings, Inc.
4.88%, 5/15/28(a)

     387,000        371,234  

4.13%, 1/31/30(a)

     130,000        116,288  

4.38%, 1/31/32(a)

     355,000        316,869  

Level 3 Financing, Inc.
4.63%, 9/15/27(a)

     510,000        355,353  

4.25%, 7/1/28(a)

     1,051,000        679,545  

3.63%, 1/15/29(a)

     1,034,000        621,692  

3.75%, 7/15/29(a)

     837,000        505,523  

10.50%, 5/15/30(a)

     1,376,000        1,398,277  

Lithia Motors, Inc.
3.88%, 6/1/29(a)

     400,000        349,084  

4.38%, 1/15/31(a)

     489,000        422,961  

Live Nation Entertainment, Inc.
4.75%, 10/15/27(a)

     836,000        780,632  

3.75%, 1/15/28(a)

     121,000        108,212  

LPL Holdings, Inc.
4.00%, 3/15/29(a)

     276,000        243,106  

LSB Industries, Inc.
6.25%, 10/15/28(a)(c)

     568,000        510,729  

Macy’s Retail Holdings LLC
5.88%, 4/1/29(a)

     220,000        201,168  

Marriott Ownership Resorts, Inc.
4.50%, 6/15/29(a)

     592,000        511,233  

Masonite International Corp.
5.38%, 2/1/28(a)

     254,000        242,402  

Match Group Holdings II LLC
3.63%, 10/1/31(a)(c)

     70,000        57,610  

Mattel, Inc.
5.88%, 12/15/27(a)

     370,000        363,410  

MGM Resorts International
6.75%, 5/1/25

     453,000        454,703  

4.63%, 9/1/26

     146,000        138,220  

5.50%, 4/15/27

     449,000        432,212  

4.75%, 10/15/28

     77,000        70,179  

Michaels Cos., Inc.
5.25%, 5/1/28(a)

     600,000        485,250  

7.88%, 5/1/29(a)

     1,075,000        727,463  

MicroStrategy, Inc.
6.13%, 6/15/28(a)

     547,000        490,900  

Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.
4.88%, 5/1/29(a)

     566,000        502,659  

ModivCare Escrow Issuer, Inc.
5.00%, 10/1/29(a)

     642,000        475,927  

Molina Healthcare, Inc.
4.38%, 6/15/28(a)

     80,000        73,842  

3.88%, 11/15/30(a)

     870,000        748,444  

3.88%, 5/15/32(a)

     70,000        58,753  

Moss Creek Resources Holdings, Inc.
7.50%, 1/15/26(a)

     585,000        539,545  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

MPH Acquisition Holdings LLC
5.75%, 11/1/28(a)(c)

   $ 1,491,000      $ 1,124,110  

MPT Operating Partnership LP / MPT Finance Corp.
5.25%, 8/1/26(c)

     212,000        188,794  

5.00%, 10/15/27

     901,000        759,696  

4.63%, 8/1/29

     1,236,000        938,334  

MSCI, Inc.
4.00%, 11/15/29(a)

     348,000        314,439  

Murphy Oil USA, Inc.
4.75%, 9/15/29

     92,000        84,638  

3.75%, 2/15/31(a)

     234,000        196,836  

Nabors Industries, Inc.
7.38%, 5/15/27(a)

     530,000        504,793  

Nationstar Mortgage Holdings, Inc.
6.00%, 1/15/27(a)

     1,663,000        1,548,735  

Navient Corp.
6.13%, 3/25/24

     299,000        297,170  

6.75%, 6/25/25

     97,000        95,726  

6.75%, 6/15/26

     600,000        580,794  

5.00%, 3/15/27

     127,000        114,248  

4.88%, 3/15/28

     300,000        257,223  

NCR Corp.
5.00%, 10/1/28(a)

     956,000        858,383  

5.13%, 4/15/29(a)

     553,000        490,655  

Necessity Retail REIT, Inc. / American Finance Operating Partner LP
4.50%, 9/30/28(a)

     284,000        220,418  

Newell Brands, Inc.
4.70%, 4/1/26

     1,003,000        943,642  

6.63%, 9/15/29(c)

     365,000        350,637  

6.00%, 4/1/46

     222,000        176,004  

News Corp.
3.88%, 5/15/29(a)

     300,000        265,419  

Nexstar Media, Inc.
5.63%, 7/15/27(a)

     936,000        873,101  

4.75%, 11/1/28(a)

     784,000        680,818  

NextEra Energy Operating Partners LP
4.25%, 9/15/24(a)

     7,000        6,760  

3.88%, 10/15/26(a)

     1,000        933  

NGL Energy Operating LLC / NGL Energy Finance Corp.
7.50%, 2/1/26(a)

     1,660,000        1,636,710  

Nordstrom, Inc.
5.00%, 1/15/44

     215,000        149,857  

NRG Energy, Inc.
5.25%, 6/15/29(a)

     776,000        695,374  

3.63%, 2/15/31(a)

     580,000        454,737  

3.88%, 2/15/32(a)

     1,084,000        841,151  

NuStar Logistics LP
5.63%, 4/28/27(c)

     729,000        701,218  

6.38%, 10/1/30

     405,000        389,189  

Occidental Petroleum Corp.
2.90%, 8/15/24

     550,000        533,472  

3.40%, 4/15/26

     165,000        153,146  

3.50%, 8/15/29

     700,000        603,001  

7.50%, 5/1/31

     301,000        328,963  

6.45%, 9/15/36

   760,000      784,153  

4.40%, 8/15/49

     621,000        457,987  

Olin Corp.
5.13%, 9/15/27

     410,000        393,912  

5.63%, 8/1/29(c)

     120,000        115,805  

5.00%, 2/1/30

     70,000        64,861  

ON Semiconductor Corp.
3.88%, 9/1/28(a)

     216,000        196,824  

OneMain Finance Corp.
6.13%, 3/15/24

     353,000        352,100  

6.88%, 3/15/25

     575,000        569,733  

7.13%, 3/15/26

     613,000        604,050  

6.63%, 1/15/28

     387,000        365,367  

3.88%, 9/15/28

     200,000        164,118  

5.38%, 11/15/29

     465,000        398,677  

4.00%, 9/15/30(c)

     1,373,000        1,062,482  

Organon & Co. / Organon Foreign Debt Co-Issuer BV
4.13%, 4/30/28(a)

     650,000        577,811  

5.13%, 4/30/31(a)

     1,350,000        1,115,329  

Outfront Media Capital LLC / Outfront Media Capital Corp.
4.63%, 3/15/30(a)

     1,086,000        911,187  

Owens & Minor, Inc.
4.50%, 3/31/29(a)(c)

     541,000        453,829  

6.63%, 4/1/30(a)(c)

     458,000        416,093  

Owens-Brockway Glass Container, Inc.
5.88%, 8/15/23(a)

     218,000        218,109  

Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer LLC
4.38%, 10/15/28(a)

     901,000        788,483  

Paramount Global

     

6.25%, 2/28/57, (6.25% fixed rate until 2/28/27; 3-month Secured Overnight Financing Rate + 3.899% thereafter)(b)

     615,000        470,549  

6.38%, 3/30/62, (6.375% fixed rate until 3/30/27; 5-year Constant Maturity Treasury Rate + 3.999% thereafter)(b)

     700,000        585,620  

Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer, Inc.
7.50%, 6/1/25(a)

     100,000        100,332  

5.88%, 10/1/28(a)(c)

     414,000        382,929  

4.88%, 5/15/29(a)

     310,000        267,939  

Patterson-UTI Energy, Inc.
3.95%, 2/1/28

     322,000        289,314  

PBF Holding Co. LLC / PBF Finance Corp.
7.25%, 6/15/25

     249,000        249,035  

6.00%, 2/15/28

     579,000        544,578  

PDC Energy, Inc.
5.75%, 5/15/26

     241,000        240,858  

Performance Food Group, Inc.
5.50%, 10/15/27(a)

     461,000        446,829  

4.25%, 8/1/29(a)

     187,000        166,759  

PGT Innovations, Inc.
4.38%, 10/1/29(a)

     625,000        586,712  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Pilgrim’s Pride Corp.
5.88%, 9/30/27(a)

   $ 223,000      $ 220,369  

4.25%, 4/15/31

     505,000        433,608  

3.50%, 3/1/32

     255,000        203,401  

Post Holdings, Inc.
5.63%, 1/15/28(a)

     261,000        251,267  

5.50%, 12/15/29(a)

     204,000        188,890  

4.63%, 4/15/30(a)

     1,148,000        1,007,370  

4.50%, 9/15/31(a)

     1,569,000        1,340,397  

PRA Health Sciences, Inc.
2.88%, 7/15/26(a)

     200,000        182,500  

Prestige Brands, Inc.
3.75%, 4/1/31(a)

     356,000        295,281  

Prime Security Services Borrower LLC / Prime Finance, Inc.
5.25%, 4/15/24(a)

     90,000        89,443  

5.75%, 4/15/26(a)

     735,000        722,696  

6.25%, 1/15/28(a)

     623,000        584,854  

PROG Holdings, Inc.
6.00%, 11/15/29(a)

     444,000        390,813  

Qorvo, Inc.
4.38%, 10/15/29

     580,000        525,811  

QVC, Inc.
4.45%, 2/15/25

     179,000        158,270  

4.75%, 2/15/27

     632,000        407,570  

Rackspace Technology Global, Inc.
3.50%, 2/15/28(a)

     607,000        275,857  

Radian Group, Inc.
6.63%, 3/15/25

     175,000        175,049  

Range Resources Corp.
4.75%, 2/15/30(a)

     303,000        273,494  

Realogy Group LLC / Realogy Co-Issuer Corp.
5.75%, 1/15/29(a)

     615,000        463,728  

5.25%, 4/15/30(a)

     1,213,000        868,071  

RHP Hotel Properties LP / RHP Finance Corp.
4.75%, 10/15/27

     64,000        59,607  

4.50%, 2/15/29(a)

     243,000        215,388  

Rithm Capital Corp.
6.25%, 10/15/25(a)

     485,000        455,231  

RLJ Lodging Trust LP
4.00%, 9/15/29(a)(c)

     252,000        212,333  

ROBLOX Corp.
3.88%, 5/1/30(a)

     161,000        135,768  

Roller Bearing Co. of America, Inc.
4.38%, 10/15/29(a)

     315,000        282,344  

Sabra Health Care LP
3.20%, 12/1/31

     436,000        325,849  

Sally Holdings LLC / Sally Capital, Inc.
5.63%, 12/1/25

     1,000        992  

Scientific Games International, Inc.
7.25%, 11/15/29(a)

     337,000        338,803  

SeaWorld Parks & Entertainment, Inc.
5.25%, 8/15/29(a)

     375,000        338,063  

Select Medical Corp.
6.25%, 8/15/26(a)

     602,000        591,622  

Sensata Technologies BV
4.00%, 4/15/29(a)

   500,000      445,620  

Sensata Technologies, Inc.
3.75%, 2/15/31(a)

     542,000        465,394  

Service Corp. International
4.63%, 12/15/27

     355,000        336,363  

5.13%, 6/1/29

     363,000        342,973  

3.38%, 8/15/30

     391,000        327,392  

Service Properties Trust
4.35%, 10/1/24

     741,000        714,028  

Silgan Holdings, Inc.
4.13%, 2/1/28

     102,000        93,686  

Sinclair Television Group, Inc.
5.50%, 3/1/30(a)(c)

     973,000        562,715  

4.13%, 12/1/30(a)

     163,000        107,896  

Sirius XM Radio, Inc.
5.00%, 8/1/27(a)

     138,000        127,682  

4.00%, 7/15/28(a)

     1,046,000        910,637  

5.50%, 7/1/29(a)

     874,000        797,796  

4.13%, 7/1/30(a)

     1,305,000        1,067,699  

3.88%, 9/1/31(a)

     1,290,000        998,447  

Six Flags Entertainment Corp.
5.50%, 4/15/27(a)

     38,000        35,834  

Six Flags Theme Parks, Inc.
7.00%, 7/1/25(a)

     37,000        37,339  

Skyworks Solutions, Inc.
3.00%, 6/1/31

     585,000        475,330  

Sonic Automotive, Inc.
4.63%, 11/15/29(a)

     200,000        168,714  

4.88%, 11/15/31(a)(c)

     558,000        458,475  

Southwestern Energy Co.
5.38%, 3/15/30

     382,000        358,163  

4.75%, 2/1/32

     741,000        656,474  

Spectrum Brands, Inc.
3.88%, 3/15/31(a)

     403,000        330,952  

SS&C Technologies, Inc.
5.50%, 9/30/27(a)

     574,000        549,972  

Stagwell Global LLC
5.63%, 8/15/29(a)

     672,000        579,170  

Starwood Property Trust, Inc.
4.38%, 1/15/27(a)

     250,000        215,670  

Station Casinos LLC
4.50%, 2/15/28(a)

     9,000        8,111  

4.63%, 12/1/31(a)

     470,000        396,351  

Stericycle, Inc.
3.88%, 1/15/29(a)

     300,000        267,231  

Summit Materials LLC / Summit Materials Finance Corp.
5.25%, 1/15/29(a)

     330,000        312,777  

Summit Midstream Holdings LLC / Summit Midstream Finance Corp.
9.00%, 10/15/26(a)(b)

     502,000        488,451  

SunCoke Energy, Inc.
4.88%, 6/30/29(a)

     395,000        334,269  

Sunoco LP / Sunoco Finance Corp.
4.50%, 4/30/30

     606,000        534,104  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Talos Production, Inc.
12.00%, 1/15/26

   $ 400,000      $ 420,636  

Taylor Morrison Communities, Inc.
5.13%, 8/1/30(a)

     781,000        727,751  

TEGNA, Inc.
4.63%, 3/15/28

     1,088,000        962,586  

5.00%, 9/15/29

     128,000        110,915  

Teleflex, Inc.
4.63%, 11/15/27

     169,000        160,200  

Tempur Sealy International, Inc.
3.88%, 10/15/31(a)

     646,000        528,111  

Tenet Healthcare Corp.
4.88%, 1/1/26

     830,000        809,524  

6.25%, 2/1/27

     615,000        610,554  

6.13%, 10/1/28(c)

     1,094,000        1,053,795  

6.13%, 6/15/30

     510,000        502,993  

Terex Corp.
5.00%, 5/15/29(a)

     364,000        341,053  

TerraForm Power Operating LLC
5.00%, 1/31/28(a)

     637,000        588,238  

Thor Industries, Inc.
4.00%, 10/15/29(a)

     400,000        339,924  

TopBuild Corp.
4.13%, 2/15/32(a)

     306,000        262,967  

Townsquare Media, Inc.
6.88%, 2/1/26(a)

     430,000        413,565  

TransDigm, Inc.
6.38%, 6/15/26

     876,000        866,741  

4.63%, 1/15/29

     340,000        302,824  

4.88%, 5/1/29

     725,000        651,057  

Transocean, Inc.
7.50%, 1/15/26(a)

     70,000        66,683  

11.50%, 1/30/27(a)

     1,244,000        1,293,349  

8.00%, 2/1/27(a)

     217,000        197,038  

Travel & Leisure Co.
6.63%, 7/31/26(a)

     230,000        229,795  

TreeHouse Foods, Inc.
4.00%, 9/1/28

     404,000        348,406  

TriNet Group, Inc.
3.50%, 3/1/29(a)

     451,000        394,368  

Tronox, Inc.
4.63%, 3/15/29(a)

     495,000        411,701  

TTM Technologies, Inc.
4.00%, 3/1/29(a)

     353,000        302,316  

Tutor Perini Corp.
6.88%, 5/1/25(a)(c)

     515,000        431,786  

U.S. Foods, Inc.
6.25%, 4/15/25(a)

     316,000        316,746  

4.75%, 2/15/29(a)

     375,000        344,550  

Under Armour, Inc.
3.25%, 6/15/26

     1,000        920  

United Airlines, Inc.
4.38%, 4/15/26(a)

     906,000        861,842  

4.63%, 4/15/29(a)

     990,000        902,712  

United Natural Foods, Inc.
6.75%, 10/15/28(a)

     479,000        397,216  

United Rentals North America, Inc.
5.50%, 5/15/27

   389,000      383,161  

4.88%, 1/15/28

     373,000        355,965  

5.25%, 1/15/30

     400,000        382,444  

Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC
4.75%, 4/15/28(a)

     600,000        499,074  

Univar Solutions USA, Inc.
5.13%, 12/1/27(a)

     238,000        243,467  

Urban One, Inc.
7.38%, 2/1/28(a)

     612,000        538,052  

USA Compression Partners LP / USA Compression Finance Corp.
6.88%, 4/1/26

     820,000        804,059  

Vail Resorts, Inc.
6.25%, 5/15/25(a)

     29,000        29,094  

Valvoline, Inc.
4.25%, 2/15/30(a)(c)

     308,000        302,998  

3.63%, 6/15/31(a)

     124,000        101,035  

Vector Group Ltd.
5.75%, 2/1/29(a)

     392,000        341,573  

Vertiv Group Corp.
4.13%, 11/15/28(a)

     200,000        180,546  

VICI Properties LP
5.13%, 5/15/32

     600,000        562,326  

Victoria’s Secret & Co.
4.63%, 7/15/29(a)

     250,000        182,945  

Vista Outdoor, Inc.
4.50%, 3/15/29(a)

     357,000        293,583  

Vistra Operations Co. LLC
5.63%, 2/15/27(a)

     1,089,000        1,044,667  

Vontier Corp.
2.95%, 4/1/31

     684,000        547,631  

Western Digital Corp.
4.75%, 2/15/26

     1,153,000        1,099,685  

2.85%, 2/1/29

     736,000        589,021  

Westinghouse Air Brake Technologies Corp.
4.95%, 9/15/28

     362,000        351,122  

Williams Scotsman International, Inc.
4.63%, 8/15/28(a)

     235,000        216,075  

Wolverine World Wide, Inc.
4.00%, 8/15/29(a)(c)

     430,000        342,835  

WW International, Inc.
4.50%, 4/15/29(a)

     151,000        90,861  

Xerox Holdings Corp.
5.50%, 8/15/28(a)

     1,268,000        1,080,412  

XHR LP
4.88%, 6/1/29(a)

     300,000        259,323  

Yum! Brands, Inc.
4.75%, 1/15/30(a)

     193,000        181,659  

3.63%, 3/15/31

     30,000        26,042  

Ziff Davis, Inc.
4.63%, 10/15/30(a)

     232,000        201,552  

ZipRecruiter, Inc.
5.00%, 1/15/30(a)

     350,000        299,702  
     

 

 

 
Total United States

 

     197,856,824  
TOTAL CORPORATE BONDS
(Cost: $220,076,429)

 

     201,363,460  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Schedule of Investments (concluded)

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

June 30, 2023

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.6%

 

United States – 5.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(e)

     
(Cost: $11,631,280)      11,631,280      $ 11,631,280  
TOTAL INVESTMENTS IN SECURITIES – 102.8%
(Cost: $231,707,709)

 

     212,994,740  

Other Assets less Liabilities – (2.8)%

 

     (5,801,669
  

 

 

 
NET ASSETS – 100.0%

 

   $ 207,193,071  

 

(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) 

Rate shown reflects the accrual rate as of June 30, 2023 on securities with variable or step rates.

 

(c) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $12,721,366 and the total market value of the collateral held by the Fund was $13,152,409. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,521,129.

 

(d) 

As of June 30, 2023, the issuer has not defaulted on any interest payments, however, it is increasingly likely that the issuer will restructure its debt obligations in the near-term.

 

(e) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

  

Corporate Bonds

   $      $ 201,363,460      $      $ 201,363,460  

Investment of Cash Collateral for Securities Loaned

            11,631,280               11,631,280  

Total Investments in Securities

   $      $ 212,994,740      $      $ 212,994,740  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Schedule of Investments

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 99.0%

 

Germany – 1.5%

 

Deutsche Bank AG

     

3.96%, 11/26/25, (3.961% fixed rate until 11/26/24; Secured Overnight Financing Rate + 2.581% thereafter)(a)

   $ 150,000      $ 143,278  

4.10%, 1/13/26

     129,000        120,694  

1.69%, 3/19/26

     200,000        180,500  

2.13%, 11/24/26, (2.129% fixed rate until 11/24/25; Secured Overnight Financing Rate + 1.87% thereafter)(a)

     150,000        133,418  
     

 

 

 
Total Germany

 

     577,890  
Switzerland – 0.1%

 

Novartis Capital Corp.
2.00%, 2/14/27

     50,000        45,858  
United Kingdom – 2.0%

 

AstraZeneca Finance LLC
1.20%, 5/28/26

     130,000        117,369  

BAT Capital Corp.

     

2.79%, 9/6/24

     50,000        48,153  

3.22%, 9/6/26

     62,000        57,755  

3.56%, 8/15/27

     203,000        186,937  

2.26%, 3/25/28

     131,000        112,347  

Reynolds American, Inc.
4.45%, 6/12/25

     137,000        133,269  

Unilever Capital Corp.
2.00%, 7/28/26

     100,000        92,346  
     

 

 

 
Total United Kingdom

 

     748,176  
United States – 95.4%

 

3M Co.
2.65%, 4/15/25(b)

     9,000        8,569  

3.00%, 8/7/25(b)

     13,000        12,427  

2.88%, 10/15/27(b)

     120,000        109,910  

Abbott Laboratories
3.88%, 9/15/25

     15,000        14,663  

AbbVie, Inc.
2.60%, 11/21/24

     78,000        74,855  

3.60%, 5/14/25

     174,000        168,258  

3.20%, 5/14/26

     78,000        73,956  

2.95%, 11/21/26

     179,000        167,437  

Affiliated Managers Group, Inc.
3.50%, 8/1/25

     39,000        37,023  

Alexandria Real Estate Equities, Inc.
3.45%, 4/30/25

     9,000        8,629  

3.80%, 4/15/26

     49,000        46,953  

Allegion U.S. Holding Co., Inc.
3.20%, 10/1/24

     50,000        48,230  

Ally Financial, Inc.
4.63%, 3/30/25

     33,000        31,796  

5.80%, 5/1/25

     71,000        69,862  

Altria Group, Inc.
2.63%, 9/16/26(b)

     80,000        74,190  

Amazon.com, Inc.
3.80%, 12/5/24

     9,000        8,838  

3.15%, 8/22/27

     79,000        74,419  

Amcor Finance USA, Inc.
3.63%, 4/28/26

   $ 160,000      $ 151,413  

Ameren Corp.
1.95%, 3/15/27

     160,000        142,482  

American Express Co.
3.00%, 10/30/24

     43,000        41,639  

3.63%, 12/5/24

     60,000        58,309  

1.65%, 11/4/26

     140,000        124,659  

American Homes 4 Rent LP
4.25%, 2/15/28

     100,000        94,280  

American Honda Finance Corp.
2.15%, 9/10/24

     77,000        74,017  

1.20%, 7/8/25

     75,000        69,092  

American International Group, Inc.
2.50%, 6/30/25

     36,000        33,963  

American Water Capital Corp.
3.40%, 3/1/25

     40,000        38,720  

Ameriprise Financial, Inc.
3.70%, 10/15/24

     50,000        48,795  

Amgen, Inc.
2.60%, 8/19/26

     6,000        5,562  

2.20%, 2/21/27

     64,000        58,194  

3.20%, 11/2/27

     200,000        187,022  

5.15%, 3/2/28

     92,000        91,960  

Analog Devices, Inc.
3.45%, 6/15/27(c)

     78,000        74,007  

Aon Corp. / Aon Global Holdings PLC
2.85%, 5/28/27

     50,000        45,822  

Apple, Inc.
3.25%, 2/23/26

     25,000        24,088  

2.45%, 8/4/26

     50,000        46,877  

1.20%, 2/8/28

     132,000        114,393  

Archer-Daniels-Midland Co.
2.50%, 8/11/26

     32,000        30,036  

AutoNation, Inc.
4.50%, 10/1/25

     50,000        48,220  

AutoZone, Inc.
3.13%, 4/21/26

     76,000        71,950  

AvalonBay Communities, Inc.
3.35%, 5/15/27

     40,000        37,430  

Avangrid, Inc.
3.20%, 4/15/25

     66,000        62,850  

Avnet, Inc.
4.63%, 4/15/26

     49,000        47,555  

Bank of America Corp.
4.00%, 1/22/25

     15,000        14,597  

3.46%, 3/15/25, (3.458% fixed rate until 3/15/24; 3-month Secured Overnight Financing Rate + 1.232% thereafter)(a)

     253,000        248,049  

3.95%, 4/21/25, Series L

     93,000        90,113  

3.09%, 10/1/25, (3.093% fixed rate until 10/1/24; 3-month Secured Overnight Financing Rate + 1.09% thereafter)(a)

     161,000        155,049  

3.37%, 1/23/26, (3.366% fixed rate until 1/23/25; 3-month Secured Overnight Financing Rate + 1.072% thereafter)(a)

     283,000        271,788  

4.45%, 3/3/26

     94,000        91,553  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

3.50%, 4/19/26

   $ 196,000      $ 188,329  

1.32%, 6/19/26, (1.319% fixed rate until 6/19/25; Secured Overnight Financing Rate + 1.15% thereafter)(a)

     316,000        289,601  

4.25%, 10/22/26

     74,000        71,465  

1.20%, 10/24/26, (1.197% fixed rate until 10/24/25; Secured Overnight Financing Rate + 1.01% thereafter)(a)

     166,000        149,588  

1.66%, 3/11/27, Series N, (1.658% fixed rate until 3/11/26; Secured Overnight Financing Rate + 0.91% thereafter)(a)

     300,000        270,444  

Bank of New York Mellon Corp.
3.95%, 11/18/25

     13,000        12,564  

2.45%, 8/17/26

     100,000        92,351  

BankUnited, Inc.
4.88%, 11/17/25

     38,000        35,193  

Baxter International, Inc.
1.92%, 2/1/27

     61,000        54,233  

Becton Dickinson and Co.
3.73%, 12/15/24

     73,000        70,936  

Berkshire Hathaway Energy Co.
4.05%, 4/15/25

     39,000        38,091  

Biogen, Inc.
4.05%, 9/15/25

     130,000        125,892  

Blackstone Secured Lending Fund 
2.13%, 2/15/27

     111,000        94,010  

Boardwalk Pipelines LP
5.95%, 6/1/26

     40,000        40,368  

BorgWarner, Inc.
2.65%, 7/1/27(b)

     150,000        136,714  

Broadcom Corp. / Broadcom Cayman Finance Ltd.
3.88%, 1/15/27

     174,000        166,081  

Broadcom, Inc.
3.15%, 11/15/25

     34,000        32,326  

3.46%, 9/15/26

     54,000        51,106  

4.11%, 9/15/28

     68,000        64,354  

Broadridge Financial Solutions, Inc.
3.40%, 6/27/26

     46,000        43,389  

Bunge Ltd. Finance Corp.
3.75%, 9/25/27

     180,000        170,230  

Burlington Northern Santa Fe LLC
3.40%, 9/1/24

     9,000        8,792  

7.00%, 12/15/25

     50,000        52,055  

Cadence Design Systems, Inc.
4.38%, 10/15/24

     29,000        28,544  

Capital One Financial Corp.
3.30%, 10/30/24

     102,000        98,021  

4.25%, 4/30/25(b)

     90,000        87,183  

4.20%, 10/29/25(b)

     308,000        295,628  

3.75%, 7/28/26

     125,000        116,522  

3.80%, 1/31/28

     80,000        73,779  

Carrier Global Corp.
2.24%, 2/15/25

     22,000        20,825  

2.49%, 2/15/27

     152,000        138,682  

Caterpillar Financial Services Corp.
2.15%, 11/8/24

     9,000        8,628  

0.80%, 11/13/25

     156,000        141,458  

Celanese U.S. Holdings LLC
1.40%, 8/5/26

   64,000      55,503  

6.17%, 7/15/27

     134,000        133,761  

Charles Schwab Corp.
4.20%, 3/24/25

     56,000        54,706  

3.63%, 4/1/25

     60,000        57,731  

Cigna Group
3.25%, 4/15/25

     114,000        109,449  

4.13%, 11/15/25

     81,000        78,937  

1.25%, 3/15/26

     91,000        81,787  

Cintas Corp. No. 2
3.70%, 4/1/27

     80,000        77,178  

Citigroup, Inc.

     

3.35%, 4/24/25, (3.352% fixed rate until 4/24/24; 3-month Secured Overnight Financing Rate + 1.158% thereafter)(a)

     91,000        88,978  

3.30%, 4/27/25

     150,000        144,465  

4.40%, 6/10/25

     193,000        187,669  

5.50%, 9/13/25

     229,000        227,912  

4.60%, 3/9/26

     87,000        84,272  

3.11%, 4/8/26, (3.106% fixed rate until 4/8/25; Secured Overnight Financing Rate + 2.842% thereafter)(a)

     99,000        94,567  

3.20%, 10/21/26

     305,000        285,605  

4.30%, 11/20/26

     48,000        46,031  

1.12%, 1/28/27, (1.122% fixed rate until 1/28/26; Secured Overnight Financing Rate + 0.765% thereafter)(a)

     29,000        25,883  

4.45%, 9/29/27

     386,000        368,923  

3.07%, 2/24/28, (3.07%% fixed rate until 2/24/27; Secured Overnight Financing Rate + 1.28% thereafter)(a)

     123,000        113,324  

Citizens Financial Group, Inc.
2.85%, 7/27/26

     111,000        98,830  

CNA Financial Corp.
4.50%, 3/1/26

     52,000        50,511  

Comcast Corp.
3.15%, 3/1/26

     273,000        261,728  

Conagra Brands, Inc.
4.60%, 11/1/25

     123,000        120,327  

Corebridge Financial, Inc.
3.65%, 4/5/27

     190,000        176,894  

CSX Corp.
3.35%, 11/1/25

     40,000        38,307  

2.60%, 11/1/26

     70,000        64,859  

CVS Health Corp.
3.88%, 7/20/25

     190,000        184,788  

1.30%, 8/21/27

     155,000        133,599  

4.30%, 3/25/28

     191,000        184,397  

D.R. Horton, Inc.
2.50%, 10/15/24

     78,000        74,796  

2.60%, 10/15/25

     25,000        23,420  

DCP Midstream Operating LP
5.63%, 7/15/27

     150,000        150,124  

Dell International LLC / EMC Corp.
6.02%, 6/15/26

     348,000        353,300  

4.90%, 10/1/26

     93,000        92,571  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Devon Energy Corp.
5.85%, 12/15/25

   $ 160,000      $ 161,438  

Discover Bank
3.45%, 7/27/26

     260,000        239,429  

Discover Financial Services
3.95%, 11/6/24

     25,000        24,137  

4.50%, 1/30/26(b)

     116,000        111,195  

Dollar General Corp.
4.63%, 11/1/27

     170,000        166,620  

Dominion Energy, Inc.
1.45%, 4/15/26, Series A

     247,000        222,503  

DTE Energy Co.
2.53%, 10/1/24, Series C

     26,000        24,904  

Duke Energy Corp.
2.65%, 9/1/26

     60,000        55,517  

4.30%, 3/15/28

     96,000        92,403  

Eastman Chemical Co.
3.80%, 3/15/25

     54,000        52,616  

eBay, Inc.
1.40%, 5/10/26

     151,000        136,418  

Elevance Health, Inc.
3.35%, 12/1/24

     9,000        8,712  

Emerson Electric Co.
1.80%, 10/15/27

     130,000        115,424  

Energy Transfer LP
4.40%, 3/15/27

     200,000        191,588  

4.00%, 10/1/27

     250,000        234,830  

Entergy Louisiana LLC
3.25%, 4/1/28

     121,000        111,448  

Enterprise Products Operating LLC
3.75%, 2/15/25

     42,000        40,895  

EOG Resources, Inc.
4.15%, 1/15/26

     52,000        50,947  

Equifax, Inc.
5.10%, 12/15/27

     74,000        73,364  

ERP Operating LP
3.25%, 8/1/27

     120,000        110,699  

Evergy Kansas Central, Inc.
2.55%, 7/1/26

     62,000        57,558  

Evergy, Inc.
2.45%, 9/15/24

     36,000        34,590  

Eversource Energy
5.45%, 3/1/28

     110,000        110,803  

Exelon Corp.
3.40%, 4/15/26

     47,000        44,815  

Exxon Mobil Corp.
2.71%, 3/6/25

     63,000        60,537  

2.28%, 8/16/26

     55,000        51,087  

Fidelity National Information Services, Inc.
4.70%, 7/15/27

     120,000        117,012  

Fifth Third Bancorp
2.38%, 1/28/25

     50,000        46,969  

Fifth Third Bank NA
3.85%, 3/15/26

     200,000        184,676  

Fiserv, Inc.
2.25%, 6/1/27

     84,000        75,569  

Florida Power & Light Co.
2.85%, 4/1/25

   97,000      93,358  

FMC Corp.
3.20%, 10/1/26

     138,000        128,380  

Fortinet, Inc.
1.00%, 3/15/26

     42,000        37,507  

Fortive Corp.
3.15%, 6/15/26

     55,000        52,101  

Fox Corp.
3.05%, 4/7/25

     47,000        45,043  

GE HealthCare Technologies, Inc.
5.65%, 11/15/27

     250,000        253,015  

General Dynamics Corp.
2.38%, 11/15/24

     9,000        8,635  

3.25%, 4/1/25

     32,000        30,990  

General Mills, Inc.
4.00%, 4/17/25

     75,000        73,204  

Georgia Power Co.
2.20%, 9/15/24, Series A

     82,000        78,496  

Gilead Sciences, Inc.
3.50%, 2/1/25

     77,000        74,679  

3.65%, 3/1/26

     96,000        92,443  

Global Payments, Inc.
2.65%, 2/15/25

     4,000        3,796  

1.20%, 3/1/26

     287,000        255,180  

4.80%, 4/1/26

     43,000        42,077  

Goldman Sachs BDC, Inc.
2.88%, 1/15/26

     81,000        74,551  

Goldman Sachs Group, Inc.

     

1.09%, 12/9/26, (1.093% fixed rate until 12/9/25; Secured Overnight Financing Rate + 0.789% thereafter)(a)

     169,000        151,035  

5.95%, 1/15/27

     460,000        466,063  

1.43%, 3/9/27, (1.431% fixed rate until 3/9/26; Secured Overnight Financing Rate + 0.798% thereafter)(a)

     60,000        53,700  

4.39%, 6/15/27, (4.387% fixed rate until 6/15/26; Secured Overnight Financing Rate + 1.51% thereafter)(a)

     310,000        301,478  

1.95%, 10/21/27, (1.948% fixed rate until 10/21/26; Secured Overnight Financing Rate + 0.913% thereafter)(a)

     214,000        190,398  

2.64%, 2/24/28, (2.64% fixed rate until 2/24/27; Secured Overnight Financing Rate + 1.114% thereafter)(a)

     209,000        189,962  

Hasbro, Inc.
3.50%, 9/15/27

     170,000        158,527  

HCA, Inc.
5.25%, 4/15/25

     28,000        27,656  

5.88%, 2/15/26

     167,000        167,180  

5.25%, 6/15/26

     94,000        93,026  

4.50%, 2/15/27

     75,000        72,511  

3.13%, 3/15/27(c)

     42,000        38,598  

Hewlett Packard Enterprise Co.
1.75%, 4/1/26

     185,000        168,661  

HF Sinclair Corp.
5.88%, 4/1/26

     74,000        74,379  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Home Depot, Inc.
2.88%, 4/15/27

   $ 80,000      $ 75,292  

Honeywell International, Inc.
1.35%, 6/1/25

     56,000        52,340  

HP, Inc.
2.20%, 6/17/25

     54,000        50,791  

1.45%, 6/17/26

     50,000        44,931  

4.75%, 1/15/28

     77,000        75,227  

Humana, Inc.
1.35%, 2/3/27

     271,000        236,141  

Huntington Bancshares, Inc.
4.00%, 5/15/25

     102,000        97,928  

Illumina, Inc.
5.75%, 12/13/27

     73,000        73,517  

Intel Corp.
2.60%, 5/19/26

     179,000        168,478  

Intercontinental Exchange, Inc.
3.10%, 9/15/27

     120,000        112,351  

International Business Machines Corp.
3.45%, 2/19/26

     200,000        191,692  

3.30%, 5/15/26

     100,000        95,339  

4.50%, 2/6/28

     100,000        98,137  

Interstate Power & Light Co.
3.25%, 12/1/24

     9,000        8,698  

ITC Holdings Corp.
3.35%, 11/15/27

     150,000        140,206  

J.M. Smucker Co.
3.50%, 3/15/25

     57,000        55,120  

Jabil, Inc.
4.25%, 5/15/27

     40,000        38,217  

JB Hunt Transport Services, Inc.
3.88%, 3/1/26

     43,000        41,586  

JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.
2.50%, 1/15/27(c)

     150,000        131,853  

Jefferies Financial Group, Inc.
6.45%, 6/8/27

     100,000        103,536  

JPMorgan Chase & Co.
3.13%, 1/23/25

     38,000        36,765  

3.22%, 3/1/25, (3.22% fixed rate until 3/1/24; 3-month Secured Overnight Financing Rate + 1.417% thereafter)(a)

     359,000        352,269  

0.82%, 6/1/25, (0.824% fixed rate until 6/1/24; 3-month Secured Overnight Financing Rate + 0.54% thereafter)(a)

     150,000        142,642  

3.90%, 7/15/25

     58,000        56,578  

2.01%, 3/13/26, (2.005% fixed rate until 3/13/25; 3-month Secured Overnight Financing Rate + 1.585% thereafter)(a)

     154,000        144,734  

3.30%, 4/1/26

     112,000        106,761  

2.08%, 4/22/26, (2.083% fixed rate until 4/22/25; Secured Overnight Financing Rate + 1.85% thereafter)(a)

     331,000        310,081  

3.20%, 6/15/26

     46,000        43,843  

2.95%, 10/1/26

     54,000        50,756  

4.13%, 12/15/26

     59,000        56,850  

3.96%, 1/29/27, (3.96% fixed rate until 1/29/26; 3-month Secured Overnight Financing Rate + 1.507% thereafter)(a)

   75,000      72,270  

1.04%, 2/4/27, (1.04% fixed rate until 2/4/26; 3-month Secured Overnight Financing Rate + 0.695% thereafter)(a)

     68,000        60,620  

4.25%, 10/1/27

     383,000        371,253  

Juniper Networks, Inc.
1.20%, 12/10/25

     48,000        43,052  

Keurig Dr. Pepper, Inc.
4.60%, 5/25/28(b)

     95,000        93,170  

KeyCorp
4.15%, 10/29/25

     120,000        111,670  

Keysight Technologies, Inc.
4.55%, 10/30/24

     58,000        57,115  

Kimco Realty OP LLC
3.30%, 2/1/25

     95,000        91,000  

KLA Corp.
4.65%, 11/1/24

     14,000        13,820  

Kraft Heinz Foods Co.
3.00%, 6/1/26

     20,000        18,878  

3.88%, 5/15/27

     140,000        134,497  

Kroger Co.
3.70%, 8/1/27

     170,000        162,522  

Laboratory Corp. of America Holdings
3.60%, 2/1/25

     18,000        17,433  

1.55%, 6/1/26

     42,000        37,519  

Lam Research Corp.
3.75%, 3/15/26

     48,000        46,594  

Lazard Group LLC
3.75%, 2/13/25

     35,000        33,732  

Lennar Corp.
4.75%, 5/30/25

     119,000        116,422  

Lowe’s Cos., Inc.
2.50%, 4/15/26

     196,000        183,576  

Marathon Oil Corp.
4.40%, 7/15/27(b)

     100,000        95,551  

Marathon Petroleum Corp.
3.80%, 4/1/28

     100,000        93,265  

Marriott International, Inc.
5.75%, 5/1/25, Series EE

     37,000        37,132  

3.75%, 10/1/25

     16,000        15,401  

Marsh & McLennan Cos., Inc.
3.50%, 3/10/25

     21,000        20,385  

Marvell Technology, Inc.
1.65%, 4/15/26

     60,000        54,154  

McCormick & Co., Inc.
0.90%, 2/15/26

     165,000        147,277  

McDonald’s Corp.
3.70%, 1/30/26

     170,000        164,487  

McKesson Corp.
1.30%, 8/15/26

     85,000        75,634  

Meta Platforms, Inc.
3.50%, 8/15/27

     120,000        114,040  

MetLife, Inc.
3.60%, 11/13/25

     41,000        39,492  

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

Micron Technology, Inc.
4.19%, 2/15/27

   $ 56,000      $ 53,720  

MidAmerican Energy Co.
3.50%, 10/15/24

     36,000        35,055  

Mondelez International, Inc.
1.50%, 5/4/25

     69,000        64,419  

Morgan Stanley
3.70%, 10/23/24

     76,000        74,209  

0.79%, 5/30/25, (0.79% fixed rate until 5/30/24; Secured Overnight Financing Rate + 0.525% thereafter)(a)

     50,000        47,512  

2.72%, 7/22/25, (2.72% fixed rate until 7/22/24; Secured Overnight Financing Rate + 1.152% thereafter)(a)

     93,000        89,706  

4.00%, 7/23/25

     100,000        97,124  

0.86%, 10/21/25, Series I, (0.864% fixed rate until 10/21/24; Secured Overnight Financing Rate + 0.745% thereafter)(a)

     71,000        66,169  

5.00%, 11/24/25

     269,000        264,766  

3.88%, 1/27/26

     205,000        197,895  

2.19%, 4/28/26, (2.188% fixed rate until 4/28/25; Secured Overnight Financing Rate + 1.99% thereafter)(a)

     323,000        303,391  

4.35%, 9/8/26

     110,000        106,273  

0.99%, 12/10/26, (0.985% fixed rate until 12/10/25; Secured Overnight Financing Rate + 0.72% thereafter)(a)

     92,000        82,165  

3.63%, 1/20/27

     114,000        108,360  

1.51%, 7/20/27, (1.512% fixed rate until 7/20/26; Secured Overnight Financing Rate + 0.858% thereafter)(a)

     214,000        189,707  

2.48%, 1/21/28, (2.475% fixed rate until 1/21/27; Secured Overnight Financing Rate + 1.00% thereafter)(a)

     209,000        188,982  

MPLX LP
4.13%, 3/1/27

     193,000        185,097  

4.00%, 3/15/28

     98,000        92,450  

National Fuel Gas Co.
5.20%, 7/15/25

     8,000        7,849  

NetApp, Inc.
3.30%, 9/29/24

     34,000        32,938  

1.88%, 6/22/25

     54,000        50,198  

NextEra Energy Capital Holdings, Inc.
1.88%, 1/15/27

     62,000        55,279  

4.63%, 7/15/27

     105,000        102,778  

NiSource, Inc.
5.25%, 3/30/28

     74,000        74,092  

NNN REIT, Inc.
3.50%, 10/15/27

     160,000        147,058  

Norfolk Southern Corp.
2.90%, 6/15/26

     43,000        40,532  

Northern Trust Corp.
3.95%, 10/30/25

     52,000        50,149  

Northrop Grumman Corp.
3.25%, 1/15/28

     99,000        92,692  

Nucor Corp.
2.00%, 6/1/25

     10,000        9,358  

O’Reilly Automotive, Inc.
3.60%, 9/1/27

   120,000      113,654  

Old Republic International Corp.
4.88%, 10/1/24

     67,000        66,038  

Omega Healthcare Investors, Inc.
5.25%, 1/15/26

     118,000        113,731  

Omnicom Group, Inc. / Omnicom Capital, Inc.
3.65%, 11/1/24

     36,000        35,015  

3.60%, 4/15/26

     95,000        91,333  

Oracle Corp.
2.95%, 11/15/24

     48,000        46,362  

2.50%, 4/1/25

     215,000        204,153  

2.95%, 5/15/25

     88,000        84,007  

1.65%, 3/25/26

     416,000        378,052  

2.65%, 7/15/26

     92,000        85,242  

3.25%, 11/15/27

     81,000        75,208  

2.30%, 3/25/28

     106,000        93,617  

Otis Worldwide Corp.
2.06%, 4/5/25

     123,000        115,987  

Owens Corning
4.20%, 12/1/24

     70,000        68,606  

Packaging Corp. of America
3.65%, 9/15/24

     9,000        8,806  

Paramount Global
2.90%, 1/15/27

     120,000        108,074  

PayPal Holdings, Inc.
3.90%, 6/1/27(b)

     78,000        75,545  

PECO Energy Co.
3.15%, 10/15/25

     9,000        8,645  

PepsiCo, Inc.
3.50%, 7/17/25

     18,000        17,538  

2.85%, 2/24/26

     18,000        17,196  

Philip Morris International, Inc.
1.50%, 5/1/25

     79,000        73,923  

0.88%, 5/1/26

     110,000        98,211  

4.88%, 2/15/28

     112,000        110,506  

Phillips 66
3.61%, 2/15/25

     57,000        54,997  

Pinnacle West Capital Corp.
1.30%, 6/15/25

     46,000        41,902  

PNC Bank NA
2.50%, 8/27/24

     62,000        59,457  

PNC Financial Services Group, Inc.
2.60%, 7/23/26

     30,000        27,747  

PPL Capital Funding, Inc.
3.10%, 5/15/26

     49,000        46,319  

Procter & Gamble Co.
0.55%, 10/29/25

     10,000        9,089  

Public Service Electric & Gas Co.
3.00%, 5/15/25(b)

     33,000        31,619  

0.95%, 3/15/26

     10,000        9,037  

Public Service Enterprise Group, Inc.
0.80%, 8/15/25

     18,000        16,294  

PulteGroup, Inc.
5.50%, 3/1/26

     73,000        72,651  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Schedule of Investments (continued)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

QUALCOMM, Inc.
3.45%, 5/20/25

   $ 93,000      $ 90,260  

Ralph Lauren Corp.
3.75%, 9/15/25

     36,000        34,775  

Raytheon Technologies Corp.
3.95%, 8/16/25

     124,000        121,534  

Regions Financial Corp.
2.25%, 5/18/25

     37,000        34,325  

Republic Services, Inc.
0.88%, 11/15/25

     65,000        58,575  

2.90%, 7/1/26

     62,000        58,511  

Revvity, Inc.
0.85%, 9/15/24

     70,000        65,991  

Roper Technologies, Inc.
2.35%, 9/15/24

     46,000        44,176  

1.00%, 9/15/25

     16,000        14,563  

Royalty Pharma PLC
1.20%, 9/2/25

     26,000        23,501  

1.75%, 9/2/27

     110,000        94,832  

S&P Global, Inc.
2.95%, 1/22/27

     50,000        47,023  

Sherwin-Williams Co.
3.45%, 6/1/27

     190,000        179,369  

SITE Centers Corp.
4.25%, 2/1/26

     90,000        84,677  

Southern California Gas Co.
3.15%, 9/15/24

     100,000        97,031  

Southern Co.
3.25%, 7/1/26

     177,000        166,838  

Southern Co. Gas Capital Corp.
3.25%, 6/15/26

     100,000        94,310  

Southwestern Electric Power Co.
1.65%, 3/15/26, Series N

     121,000        109,599  

Stanley Black & Decker, Inc.
3.40%, 3/1/26

     37,000        35,134  

Starbucks Corp.
2.45%, 6/15/26

     50,000        46,642  

State Street Corp.
3.55%, 8/18/25

     79,000        76,469  

Steel Dynamics, Inc.
1.65%, 10/15/27

     180,000        154,314  

Stifel Financial Corp.
4.25%, 7/18/24(b)

     7,000        6,854  

Stryker Corp.
3.50%, 3/15/26

     77,000        73,920  

Synchrony Financial
3.70%, 8/4/26

     68,000        61,109  

3.95%, 12/1/27

     203,000        177,461  

Take-Two Interactive Software, Inc.
3.70%, 4/14/27

     150,000        142,221  

Target Corp.
2.25%, 4/15/25

     54,000        51,505  

TCI Communications, Inc.
7.88%, 2/15/26

     100,000        106,717  

TD SYNNEX Corp.
1.75%, 8/9/26

     125,000        109,284  

Teledyne Technologies, Inc.
1.60%, 4/1/26

   $ 70,000      $ 63,368  

Textron, Inc.
4.00%, 3/15/26

     14,000        13,538  

Toyota Motor Credit Corp.
2.00%, 10/7/24

     27,000        25,889  

3.00%, 4/1/25

     166,000        159,976  

0.80%, 10/16/25

     168,000        152,305  

5.45%, 11/10/27

     250,000        255,495  

Truist Financial Corp.
4.00%, 5/1/25

     54,000        52,315  

3.70%, 6/5/25(b)

     101,000        96,928  

1.20%, 8/5/25

     52,000        47,222  

1.13%, 8/3/27

     221,000        186,628  

Tyson Foods, Inc.
4.00%, 3/1/26

     45,000        43,548  

U.S. Bancorp
3.95%, 11/17/25

     66,000        63,542  

3.15%, 4/27/27, Series X

     79,000        73,261  

Union Pacific Corp.
3.25%, 8/15/25

     23,000        22,139  

UnitedHealth Group, Inc.
5.25%, 2/15/28

     92,000        93,923  

Valero Energy Corp.
2.15%, 9/15/27

     84,000        74,555  

Verizon Communications, Inc.
3.50%, 11/1/24

     76,000        74,030  

3.38%, 2/15/25

     46,000        44,463  

1.45%, 3/20/26

     106,000        96,166  

2.63%, 8/15/26

     101,000        93,991  

2.10%, 3/22/28

     213,000        187,216  

VF Corp.
2.40%, 4/23/25

     34,000        31,891  

VMware, Inc.
1.40%, 8/15/26

     342,000        302,212  

Walgreens Boots Alliance, Inc.
3.80%, 11/18/24

     75,000        73,135  

3.45%, 6/1/26

     76,000        71,412  

Waste Management, Inc.
3.15%, 11/15/27

     120,000        112,739  

WEC Energy Group, Inc.
3.55%, 6/15/25

     26,000        24,944  

Wells Fargo & Co.
3.00%, 2/19/25

     86,000        82,636  

2.41%, 10/30/25, (2.406% fixed rate until 10/30/24; 3-month Secured Overnight Financing Rate + 1.087% thereafter)(a)

     145,000        138,218  

2.16%, 2/11/26, (2.164% fixed rate until 2/11/25; 3-month Secured Overnight Financing Rate + 1.012% thereafter)(a)

     100,000        94,230  

3.91%, 4/25/26, (3.908% fixed rate until 4/25/25; Secured Overnight Financing Rate + 1.32% thereafter)(a)

     76,000        73,486  

2.19%, 4/30/26, (2.188% fixed rate until 4/30/25; Secured Overnight Financing Rate + 2.00% thereafter)(a)

     236,000        221,356  

4.10%, 6/3/26

     50,000        48,018  

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Schedule of Investments (concluded)

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

June 30, 2023

 

 

 

Investments    Principal
Amount
     Value  

3.00%, 10/23/26

   $ 135,000      $ 125,481  

4.30%, 7/22/27

     382,000        366,835  

Western Midstream Operating LP
4.50%, 3/1/28

     79,000        74,647  

Western Union Co.
2.85%, 1/10/25

     57,000        54,320  

1.35%, 3/15/26

     13,000        11,521  

Whirlpool Corp.
3.70%, 5/1/25

     41,000        39,703  

Willis North America, Inc.
4.65%, 6/15/27

     110,000        106,975  

WRKCo, Inc.
3.00%, 9/15/24

     30,000        28,942  

3.75%, 3/15/25

     89,000        85,800  

WW Grainger, Inc.
1.85%, 2/15/25

     32,000        30,383  

Xcel Energy, Inc.
3.30%, 6/1/25

     14,000        13,425  

1.75%, 3/15/27(b)

     70,000        62,091  

Zimmer Biomet Holdings, Inc.
3.55%, 4/1/25

     95,000        91,720  

Zoetis, Inc.
3.00%, 9/12/27

     80,000        74,595  
     

 

 

 
Total United States

 

     35,728,182  
TOTAL CORPORATE BONDS
(Cost: $38,636,091)

 

     37,100,106  
    
Investments
   Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%

 

United States – 2.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(d)

     
(Cost: $930,195)      930,195      930,195  
TOTAL INVESTMENTS IN SECURITIES – 101.5%
(Cost: $39,566,286)

 

     38,030,301  

Other Assets less Liabilities – (1.5)%

 

     (567,413
     

 

 

 
NET ASSETS – 100.0%

 

   $ 37,462,888  
(a) 

Rate shown reflects the accrual rate as of June 30, 2023 on securities with variable or step rates.

 

(b) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,004,205 and the total market value of the collateral held by the Fund was $1,033,051. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $102,856.

 

(c) 

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.

 

(d) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

  

Corporate Bonds

   $      $ 37,100,106      $      $ 37,100,106  

Investment of Cash Collateral for Securities Loaned

            930,195               930,195  

Total Investments in Securities

   $      $ 38,030,301      $      $ 38,030,301  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Schedule of Investments

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 88.4%      
Brazil – 3.9%

 

Ambev SA

     54,371      $ 173,685  

B3 SA – Brasil Bolsa Balcao

     77,423        234,484  

Banco Santander Brasil SA

     4,951        31,436  

CCR SA

     15,864        46,204  

Centrais Eletricas Brasileiras SA

     5,884        48,484  

Cosan SA

     6,898        25,539  

Equatorial Energia SA

     10,902        72,657  

Hapvida Participacoes e Investimentos SA*(a)

     60,122        54,588  

JBS SA

     16,104        58,287  

Klabin SA

     10,722        48,387  

Localiza Rent a Car SA

     7,243        102,849  

Lojas Renner SA

     14,635        60,676  

Magazine Luiza SA*

     45,763        31,970  

Natura & Co. Holding SA*

     9,133        31,693  

Raia Drogasil SA

     9,308        57,114  

Rumo SA

     15,864        73,006  

Suzano SA

     7,939        72,774  

Telefonica Brasil SA

     7,932        71,148  

Vale SA

     42,147        561,086  

Via SA*

     19,565        8,720  

Vibra Energia SA

     10,722        40,119  

WEG SA

     19,508        152,659  
     

 

 

 
Total Brazil

 

     2,057,565  
Chile – 0.6%

 

Banco de Chile

     537,138        56,041  

Banco de Credito e Inversiones SA

     725        22,142  

Banco Santander Chile

     906,417        42,872  

Cencosud SA

     34,968        67,739  

Empresas CMPC SA

     4,515        8,634  

Empresas COPEC SA

     4,792        35,545  

Enel Americas SA*

     419,379        55,936  

Falabella SA

     6,884        16,520  
     

 

 

 
Total Chile

 

     305,429  
China – 26.2%

 

Agricultural Bank of China Ltd., Class H

     330,000        129,699  

Airtac International Group

     1,000        32,911  

Alibaba Group Holding Ltd.*

     142,700        1,478,606  

Anhui Conch Cement Co. Ltd., Class H

     16,000        42,467  

ANTA Sports Products Ltd.

     13,000        132,794  

Baidu, Inc., ADR*

     2,580        353,228  

Bank of China Ltd., Class H

     765,000        306,523  

Bank of Communications Co. Ltd., Class H

     113,000        74,837  

BeiGene Ltd., ADR*

     457        81,483  

Bilibili, Inc., ADR*(b)

     1,517        22,907  

BYD Co. Ltd., Class H

     8,500        271,164  

BYD Electronic International Co. Ltd.

     7,500        22,682  

China Conch Venture Holdings Ltd.

     22,500        29,286  

China Construction Bank Corp., Class H*

     950,000        614,616  

China Everbright Bank Co. Ltd., Class H

     73,000        20,959  

China International Capital Corp. Ltd., Class H*(a)

     29,200        51,197  

China Life Insurance Co. Ltd., Class H

     73,000        121,657  

China Longyuan Power Group Corp. Ltd., Class H

     32,000      32,953  

China Mengniu Dairy Co. Ltd.*

     31,000        116,696  

China Merchants Bank Co. Ltd., Class H

     51,000        231,682  

China Minsheng Banking Corp. Ltd., Class H

     69,500        25,719  

China Overseas Land & Investment Ltd.

     40,500        88,270  

China Pacific Insurance Group Co. Ltd., Class H

     31,800        82,172  

China Petroleum & Chemical Corp., Class H

     238,000        139,400  

China Resources Beer Holdings Co. Ltd.

     12,000        79,014  

China Resources Gas Group Ltd.

     7,600        25,991  

China Resources Land Ltd.

     28,000        118,623  

China Shenhua Energy Co. Ltd., Class H

     48,500        148,224  

China Taiping Insurance Holdings Co. Ltd.

     22,200        23,059  

China Tower Corp. Ltd., Class H(a)

     444,000        49,292  

China Yangtze Power Co. Ltd., Class A

     22,100        67,016  

CITIC Ltd.

     64,000        76,360  

CITIC Securities Co. Ltd., Class H

     41,500        75,198  

CMOC Group Ltd., Class H

     36,000        18,835  

Contemporary Amperex Technology Co. Ltd., Class A

     2,140        67,302  

COSCO Shipping Holdings Co. Ltd., Class H

     54,800        49,369  

Country Garden Holdings Co. Ltd.*(b)

     148,000        30,028  

Country Garden Services Holdings Co. Ltd.

     12,000        15,497  

CSPC Pharmaceutical Group Ltd.

     118,000        102,542  

Daqo New Energy Corp., ADR*

     726        28,822  

ENN Energy Holdings Ltd.

     8,400        104,617  

Foshan Haitian Flavouring & Food Co. Ltd., Class A

     4,608        29,676  

Fosun International Ltd.

     17,000        11,671  

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

     12,400        51,267  

GDS Holdings Ltd., ADR*

     1,086        11,935  

Geely Automobile Holdings Ltd.

     71,000        86,614  

GF Securities Co. Ltd., Class H*

     32,400        44,735  

Great Wall Motor Co. Ltd., Class H(b)

     34,500        39,490  

H World Group Ltd., ADR*

     2,233        86,596  

Haier Smart Home Co. Ltd., Class H

     24,600        77,379  

Haitong Securities Co. Ltd., Class H

     44,400        27,195  

Hangzhou Tigermed Consulting Co. Ltd., Class H(a)

     1,100        6,267  

Huatai Securities Co. Ltd., Class H(a)

     36,800        45,456  

Industrial & Commercial Bank of China Ltd., Class H

     641,000        341,906  

Innovent Biologics, Inc.*(a)

     13,000        49,103  

iQIYI, Inc., ADR*

     2,701        14,423  

JD Health International, Inc.*(a)(b)

     4,600        29,027  

JD.com, Inc., ADR(b)

     8,278        282,528  

JD.com, Inc., Class A

     2,338        39,501  

JOYY, Inc., ADR

     794        24,384  

Kingdee International Software Group Co. Ltd.*

     26,000        34,770  

Kweichow Moutai Co. Ltd., Class A

     700        162,712  

Lenovo Group Ltd.

     84,000        87,574  

Li Auto, Inc., ADR*

     2,199        77,185  

Li Ning Co. Ltd.

     21,000        112,951  

Longfor Group Holdings Ltd.(a)

     19,000        46,163  

LONGi Green Energy Technology Co. Ltd., Class A

     4,572        18,018  

Luzhou Laojiao Co. Ltd., Class A

     900        25,927  

Meituan, Class B*(a)

     39,420        615,199  

Muyuan Foods Co. Ltd., Class A*

     700        4,056  

NetEase, Inc., ADR

     4,060        392,561  

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Schedule of Investments (continued)

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

June 30, 2023

 

 

 

Investments    Shares      Value  

New China Life Insurance Co. Ltd., Class H

     18,400      $ 48,485  

NIO, Inc., ADR*

     12,926        125,253  

PDD Holdings, Inc., ADR*

     3,763        260,174  

People’s Insurance Co. Group of China Ltd., Class H

     111,000        40,227  

PetroChina Co. Ltd., Class H

     224,000        154,924  

PICC Property & Casualty Co. Ltd., Class H

     84,000        93,362  

Ping An Bank Co. Ltd., Class A

     24,100        37,203  

Ping An Healthcare & Technology Co. Ltd.*(a)(b)

     4,600        11,118  

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

     62,000        394,393  

Postal Savings Bank of China Co. Ltd., Class H(a)

     153,000        94,105  

SF Holding Co. Ltd., Class A

     6,800        42,147  

Shenzhou International Group Holdings Ltd.

     8,500        81,078  

Shimao Group Holdings Ltd.*

     9,500        1,405  

Silergy Corp.

     2,000        24,723  

Sino Biopharmaceutical Ltd.

     62,000        26,979  

Smoore International Holdings Ltd.(a)(b)

     5,000        5,079  

Sunny Optical Technology Group Co. Ltd.

     7,500        74,793  

Tencent Holdings Ltd.

     53,800        2,276,508  

Tencent Music Entertainment Group, ADR*

     4,446        32,811  

Trip.com Group Ltd., ADR*

     5,277        184,695  

Want Want China Holdings Ltd.

     81,000        53,748  

Weibo Corp., ADR

     1,021        13,385  

Weichai Power Co. Ltd., Class H

     30,000        43,948  

Wharf Holdings Ltd.

     9,000        21,384  

Wuliangye Yibin Co. Ltd., Class A

     3,400        76,447  

WuXi AppTec Co. Ltd., Class H(a)

     4,340        34,613  

Wuxi Biologics Cayman, Inc.*(a)

     34,000        162,915  

Xiaomi Corp., Class B*(a)

     152,200        208,200  

Xinyi Solar Holdings Ltd.

     66,026        76,249  

XPeng, Inc., ADR*

     2,173        29,162  

Yum China Holdings, Inc.

     3,769        212,948  

Zai Lab Ltd., ADR*(b)

     1,035        28,701  

Zijin Mining Group Co. Ltd., Class H

     68,000        99,788  

Zoomlion Heavy Industry Science & Technology Co. Ltd., Class H*

     62,400        32,249  

ZTE Corp., Class H

     22,400        89,753  

ZTO Express Cayman, Inc., ADR

     3,236        81,159  
     

 

 

 
Total China

 

     13,734,077  
Czech Republic – 0.2%

 

CEZ AS

     2,009        83,029  
Hungary – 0.3%

 

MOL Hungarian Oil & Gas PLC

     2,904        25,380  

OTP Bank Nyrt

     1,983        70,356  

Richter Gedeon Nyrt

     2,350        57,875  
     

 

 

 
Total Hungary

 

     153,611  
India – 14.7%

 

Adani Green Energy Ltd.*

     3,541        40,829  

Adani Ports & Special Economic Zone Ltd.

     5,704        51,400  

Ambuja Cements Ltd.*

     9,507        49,357  

Apollo Hospitals Enterprise Ltd.

     1,208        75,072  

Asian Paints Ltd.

     3,272        134,095  

Aurobindo Pharma Ltd.

     3,755        33,293  

Avenue Supermarts Ltd.*(a)

     2,326        110,272  

Axis Bank Ltd.

     21,671      260,848  

Bajaj Finance Ltd.

     2,675        233,490  

Bajaj Finserv Ltd.

     4,092        76,217  

Bandhan Bank Ltd.*(a)

     9,317        27,490  

Bharti Airtel Ltd.

     24,391        261,270  

Britannia Industries Ltd.

     786        48,141  

Cipla Ltd.

     3,225        39,900  

Divi’s Laboratories Ltd.

     1,170        51,109  

Dr. Reddy’s Laboratories Ltd.

     1,221        76,794  

GAIL India Ltd.

     8,599        11,011  

Godrej Consumer Products Ltd.*

     5,361        70,642  

Grasim Industries Ltd.

     4,180        88,386  

HCL Technologies Ltd.

     11,283        163,387  

HDFC Life Insurance Co. Ltd.(a)

     7,016        55,693  

Hindalco Industries Ltd.

     21,465        110,143  

Hindustan Unilever Ltd.

     8,360        272,920  

Housing Development Finance Corp. Ltd.

     16,386        563,659  

ICICI Bank Ltd.

     49,218        560,717  

ICICI Lombard General Insurance Co. Ltd.(a)

     1,789        29,319  

Infosys Ltd.

     32,690        532,173  

ITC Ltd.

     28,907        159,130  

JSW Steel Ltd.

     10,211        97,684  

Kotak Mahindra Bank Ltd.

     4,524        101,830  

Larsen & Toubro Ltd.

     8,011        241,742  

Lupin Ltd.

     3,161        34,785  

Mahindra & Mahindra Ltd.

     8,292        146,926  

Marico Ltd.

     5,361        34,697  

Maruti Suzuki India Ltd.

     1,410        168,250  

NTPC Ltd.

     39,323        90,667  

Oil & Natural Gas Corp. Ltd.

     24,740        48,342  

Pidilite Industries Ltd.

     1,513        47,898  

Power Grid Corp. of India Ltd.

     32,565        101,284  

Reliance Industries Ltd.

     27,436        852,899  

Samvardhana Motherson International Ltd.

     22,777        23,794  

SBI Life Insurance Co. Ltd.(a)

     4,722        75,225  

Shriram Finance Ltd.

     2,727        57,680  

State Bank of India

     16,722        116,768  

Sun Pharmaceutical Industries Ltd.

     8,214        105,293  

Tata Consultancy Services Ltd.

     8,955        360,471  

Tata Consumer Products Ltd.

     8,052        84,499  

Tata Motors Ltd.*

     19,572        142,085  

Tata Steel Ltd.

     63,382        86,532  

Tech Mahindra Ltd.

     7,260        100,077  

Titan Co. Ltd.

     3,407        126,570  

UltraTech Cement Ltd.

     1,338        135,286  

UPL Ltd.

     3,187        26,710  

Vedanta Ltd.

     21,480        72,777  

Wipro Ltd.

     10,722        50,861  
     

 

 

 
Total India

 

     7,718,389  
Indonesia – 2.0%

 

Astra International Tbk PT

     257,000        116,136  

Bank Central Asia Tbk PT

     528,100        322,302  

Bank Mandiri Persero Tbk PT

     491,000        170,299  

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

June 30, 2023

 

 

 

Investments    Shares      Value  

Bank Rakyat Indonesia Persero Tbk PT

     596,300      $ 215,770  

Charoen Pokphand Indonesia Tbk PT*

     151,300        53,234  

Telkom Indonesia Persero Tbk PT

     532,700        142,124  

Unilever Indonesia Tbk PT

     120,700        34,296  
     

 

 

 
Total Indonesia

 

     1,054,161  
Luxembourg – 0.1%

 

Reinet Investments SCA

     1,824        40,258  
Malaysia – 1.0%

 

CIMB Group Holdings Bhd

     90,643        98,265  

Dialog Group Bhd

     31,200        13,770  

Hartalega Holdings Bhd

     31,200        12,634  

Hong Leong Bank Bhd

     7,300        29,654  

IHH Healthcare Bhd

     45,600        57,544  

Malayan Banking Bhd

     4,850        8,967  

Petronas Chemicals Group Bhd

     38,500        49,491  

Petronas Gas Bhd

     19,200        68,696  

Press Metal Aluminium Holdings Bhd

     46,000        46,320  

Public Bank Bhd

     125,000        103,107  

Tenaga Nasional Bhd

     21,400        41,493  

Top Glove Corp. Bhd*

     30,700        5,328  
     

 

 

 
Total Malaysia

 

     535,269  
Mexico – 3.3%

 

America Movil SAB de CV, Series B

     370,213        401,502  

Cemex SAB de CV, Series CPO*

     148,532        104,792  

Fibra Uno Administracion SA de CV

     33,668        49,077  

Fomento Economico Mexicano SAB de CV(b)

     23,298        257,466  

Grupo Aeroportuario del Pacifico SAB de CV, Class B

     3,615        64,758  

Grupo Aeroportuario del Sureste SAB de CV, Class B

     3,080        85,701  

Grupo Bimbo SAB de CV, Series A

     20,566        109,902  

Grupo Financiero Banorte SAB de CV, Class O

     27,751        228,490  

Grupo Mexico SAB de CV, Series B

     29,496        141,731  

Grupo Televisa SAB, Series CPO

     22,417        23,018  

Sitios Latinoamerica SAB de CV*(b)

     18,918        7,611  

Wal-Mart de Mexico SAB de CV

     59,312        234,198  
     

 

 

 
Total Mexico

 

     1,708,246  
Philippines – 0.6%

 

ACEN Corp.*

     8,730        853  

Ayala Corp.

     4,550        51,518  

Ayala Land, Inc.

     132,500        58,329  

Bank of the Philippine Islands

     21,437        42,253  

BDO Unibank, Inc.

     27,742        69,205  

JG Summit Holdings, Inc.

     34,030        27,403  

SM Investments Corp.

     20        335  

SM Prime Holdings, Inc.

     105,800        62,963  
     

 

 

 
Total Philippines

 

     312,859  
Poland – 0.8%

 

Allegro.eu SA*(a)

     4,094        32,244  

Bank Polska Kasa Opieki SA

     2,741        74,749  

CD Projekt SA

     756        28,813  

Dino Polska SA*(a)

     116        13,556  

KGHM Polska Miedz SA

     2,201        60,890  

Polski Koncern Naftowy Orlen SA

     3,499        55,470  

Powszechna Kasa Oszczednosci Bank Polski SA

     6,197      55,138  

Powszechny Zaklad Ubezpieczen SA

     8,399        81,469  
     

 

 

 
Total Poland

 

     402,329  
Russia – 0.0%

 

Gazprom PJSC*

     99,020        0  

Lukoil PJSC*

     2,998        0  

Magnit PJSC*

     903        0  

MMC Norilsk Nickel PJSC*

     367        0  

MMC Norilsk Nickel PJSC, ADR*

     8        0  

Mobile TeleSystems PJSC, ADR*

     2,887        0  

Novatek PJSC*

     6,960        0  

Novolipetsk Steel PJSC*

     12,900        0  

Polymetal International PLC*

     2,011        4,909  

Polyus PJSC*

     326        0  

Rosneft Oil Co. PJSC*

     3,254        0  

Rosneft Oil Co. PJSC, GDR*(c)

     1,340        0  

Sberbank of Russia PJSC, ADR*

     21,191        0  

Severstal PAO, GDR*(c)

     2,080        0  

Surgutneftegas PJSC*

     112,960        0  

Tatneft PJSC*

     12,210        0  

TCS Group Holding PLC, GDR*(c)

     430        0  

X5 Retail Group NV, GDR*(c)

     1,673        0  

Yandex NV, Class A*

     2,324        0  
     

 

 

 
Total Russia

 

     4,909  
South Africa – 4.9%

 

Absa Group Ltd.

     9,241        82,136  

Anglo American Platinum Ltd.

     873        39,338  

AngloGold Ashanti Ltd.

     4,863        102,397  

Aspen Pharmacare Holdings Ltd.

     6,379        62,003  

Bid Corp. Ltd.

     2,617        57,253  

Bidvest Group Ltd.

     4,515        62,530  

Capitec Bank Holdings Ltd.

     611        50,708  

Clicks Group Ltd.

     2,322        32,116  

Discovery Ltd.*

     4,747        36,649  

Exxaro Resources Ltd.

     2,542        22,104  

FirstRand Ltd.

     37,583        136,277  

Gold Fields Ltd.

     8,966        124,177  

Growthpoint Properties Ltd.

     49,596        30,612  

Impala Platinum Holdings Ltd.(b)

     6,970        46,237  

Mr. Price Group Ltd.

     4,366        33,326  

MTN Group Ltd.

     18,402        134,572  

MultiChoice Group

     4,478        22,635  

Naspers Ltd., Class N

     4,769        858,060  

Nedbank Group Ltd.

     6,355        76,894  

Northam Platinum Holdings Ltd.*

     4,221        28,037  

Old Mutual Ltd.

     79,039        50,709  

Remgro Ltd.

     6,831        53,173  

Sanlam Ltd.

     20,944        64,690  

Sasol Ltd.

     6,346        78,357  

Shoprite Holdings Ltd.

     7,373        88,049  

Sibanye Stillwater Ltd.

     20,970        32,191  

Standard Bank Group Ltd.

     7,816        73,459  

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Schedule of Investments (continued)

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

June 30, 2023

 

 

 

Investments    Shares      Value  

Vodacom Group Ltd.

     6,159      $ 38,210  

Woolworths Holdings Ltd.

     14,554        54,969  
     

 

 

 
Total South Africa

 

     2,571,868  
South Korea – 11.8%

 

Amorepacific Corp.

     418        30,962  

Celltrion Healthcare Co. Ltd.

     1,054        52,394  

Celltrion, Inc.

     910        105,596  

CJ CheilJedang Corp.

     73        14,931  

Coway Co. Ltd.

     566        18,879  

E-Mart, Inc.

     184        10,739  

Hana Financial Group, Inc.

     2,801        83,330  

Hankook Tire & Technology Co. Ltd.

     941        24,567  

Hanon Systems

     2,393        16,617  

Hanwha Galleria Corp.*

     4,812        5,540  

Hanwha Solutions Corp.*

     1,202        38,587  

HD Korea Shipbuilding & Offshore Engineering Co. Ltd.*

     376        33,244  

HLB, Inc.*

     1,302        32,114  

Hyundai Engineering & Construction Co. Ltd.

     1,290        37,300  

Hyundai Glovis Co. Ltd.

     184        27,607  

Hyundai Motor Co.

     1,592        249,496  

Hyundai Steel Co.

     756        19,364  

Kakao Corp.

     467        17,402  

KB Financial Group, Inc.

     3,155        114,333  

Kia Corp.

     2,477        166,368  

Korea Electric Power Corp.*

     2,431        38,006  

Korea Investment Holdings Co. Ltd.

     488        19,110  

Korean Air Lines Co. Ltd.

     1,675        30,954  

KT&G Corp.

     867        54,482  

Kumho Petrochemical Co. Ltd.

     274        27,594  

LG Chem Ltd.

     465        235,385  

LG Display Co. Ltd.*

     3,413        40,822  

LG Electronics, Inc.

     1,020        98,079  

LG H&H Co. Ltd.

     76        26,474  

Lotte Chemical Corp.

     111        13,024  

NAVER Corp.

     1,112        154,270  

NCSoft Corp.

     142        31,791  

Orion Corp.

     256        23,314  

POSCO Future M Co. Ltd.

     257        68,851  

POSCO Holdings, Inc.

     576        169,611  

S-Oil Corp.

     542        27,436  

Samsung Biologics Co. Ltd.*(a)

     154        86,955  

Samsung Electro-Mechanics Co. Ltd.

     543        59,548  

Samsung Electronics Co. Ltd.

     50,354        2,759,123  

Samsung Fire & Marine Insurance Co. Ltd.

     274        47,828  

Samsung Heavy Industries Co. Ltd.*

     4,451        22,531  

Samsung Life Insurance Co. Ltd.

     488        24,925  

Samsung SDI Co. Ltd.

     520        264,015  

Samsung SDS Co. Ltd.

     304        28,355  

Shinhan Financial Group Co. Ltd.

     3,760        97,021  

SK Hynix, Inc.

     5,096        445,535  

SK Innovation Co. Ltd.*

     469        56,416  

SK Square Co. Ltd.*

     330        11,082  

SK Telecom Co. Ltd.

     1,029        36,392  

SK, Inc.

     412      46,495  

Woori Financial Group, Inc.

     5,173        46,287  

Yuhan Corp.

     524        24,020  
     

 

 

 
Total South Korea

 

     6,215,101  
Taiwan – 15.8%

 

Acer, Inc.

     71,000        71,468  

Advantech Co. Ltd.

     3,000        39,445  

ASE Technology Holding Co. Ltd.

     40,000        141,919  

Asia Cement Corp.

     10,000        14,256  

AUO Corp.

     55,800        33,325  

Cathay Financial Holding Co. Ltd.

     86,468        119,799  

Chang Hwa Commercial Bank Ltd.

     29,220        17,498  

Cheng Shin Rubber Industry Co. Ltd.

     26,000        33,518  

China Development Financial Holding Corp.*

     144,000        57,333  

China Steel Corp.

     120,000        113,278  

Chunghwa Telecom Co. Ltd.

     38,000        142,144  

Compal Electronics, Inc.

     67,000        62,924  

CTBC Financial Holding Co. Ltd.

     158,000        126,067  

Delta Electronics, Inc.

     15,000        165,920  

E.Sun Financial Holding Co. Ltd.

     117,535        98,309  

Evergreen Marine Corp. Taiwan Ltd.

     5,600        16,812  

Far EasTone Telecommunications Co. Ltd.

     8,000        20,190  

First Financial Holding Co. Ltd.

     108,660        96,468  

Formosa Chemicals & Fibre Corp.

     37,000        79,716  

Formosa Petrochemical Corp.

     8,000        21,654  

Formosa Plastics Corp.

     40,000        110,068  

Fubon Financial Holding Co. Ltd.

     71,739        140,048  

Giant Manufacturing Co. Ltd.

     2,036        15,036  

Hon Hai Precision Industry Co. Ltd.

     122,000        442,646  

Hotai Motor Co. Ltd.

     2,000        52,272  

Hua Nan Financial Holdings Co. Ltd., Class C

     158,698        113,121  

Innolux Corp.

     64,200        31,436  

Largan Precision Co. Ltd.

     1,000        68,391  

Lite-On Technology Corp., ADR

     37,000        122,959  

MediaTek, Inc.

     13,000        287,178  

Mega Financial Holding Co. Ltd.

     104,650        128,357  

Nan Ya Plastics Corp.

     43,000        100,098  

Nanya Technology Corp.

     24,000        54,559  

Novatek Microelectronics Corp.

     5,000        68,471  

President Chain Store Corp.

     4,000        36,282  

Quanta Computer, Inc.

     31,000        151,295  

SinoPac Financial Holdings Co. Ltd.

     153,625        85,582  

Taishin Financial Holding Co. Ltd.

     115,103        69,850  

Taiwan Cement Corp.

     46,997        57,417  

Taiwan Cooperative Financial Holding Co. Ltd.

     103,113        92,868  

Taiwan Mobile Co. Ltd.

     26,000        79,809  

Taiwan Semiconductor Manufacturing Co. Ltd.

     216,000        3,994,798  

Uni-President Enterprises Corp.

     69,000        169,041  

Unimicron Technology Corp.

     10,000        56,511  

United Microelectronics Corp.

     116,000        180,642  

Winbond Electronics Corp.*

     45,000        39,662  

Yuanta Financial Holding Co. Ltd.

     115,490        85,659  
     

 

 

 
Total Taiwan

 

     8,306,099  

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

June 30, 2023

 

 

 

Investments    Shares      Value  
Thailand – 2.1%

 

Advanced Info Service PCL, NVDR

     14,800      $ 89,330  

Airports of Thailand PCL, NVDR*

     45,800        93,008  

Bangkok Dusit Medical Services PCL, NVDR

     75,500        59,093  

Central Pattana PCL, NVDR

     38,500        71,125  

Charoen Pokphand Foods PCL, NVDR

     64,500        35,839  

CP ALL PCL, NVDR

     42,300        74,566  

Delta Electronics Thailand PCL, NVDR

     35,200        91,338  

Energy Absolute PCL, NVDR

     27,400        44,050  

Gulf Energy Development PCL, NVDR

     14,700        19,383  

Home Product Center PCL, NVDR

     91,100        35,972  

Intouch Holdings PCL, NVDR

     22,900        47,796  

Kasikornbank PCL, NVDR

     14,000        51,135  

Minor International PCL, NVDR

     48,300        46,659  

PTT Exploration & Production PCL, NVDR

     14,000        59,230  

PTT Global Chemical PCL, NVDR

     27,400        28,787  

PTT Oil & Retail Business PCL, NVDR

     68,800        41,138  

PTT PCL, NVDR

     135,900        128,407  

SCB X PCL, NVDR

     4,900        14,719  

Siam Cement PCL, NVDR

     10,700        97,177  
     

 

 

 
Total Thailand

 

     1,128,752  
Turkey – 0.1%

 

BIM Birlesik Magazalar AS

     5,267        34,447  
TOTAL COMMON STOCKS
(Cost: $51,375,995)

 

     46,366,398  
PREFERRED STOCKS – 2.8%

 

Brazil – 2.7%

 

Banco Bradesco SA

     77,357        263,790  

Gerdau SA

     16,333        84,881  

Itau Unibanco Holding SA

     53,986        318,052  

Itausa SA

     68,174        136,235  

Petroleo Brasileiro SA

     96,148        588,568  
     

 

 

 
Total Brazil

 

     1,391,526  
Chile – 0.1%

 

Sociedad Quimica y Minera de Chile SA, Class B

     947      68,944  
TOTAL PREFERRED STOCKS
(Cost: $1,189,953)

 

     1,460,470  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7%

 

United States – 0.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(d)

     
(Cost: $400,070)      400,070        400,070  
TOTAL INVESTMENTS IN SECURITIES – 91.9%
(Cost: $52,966,018)

 

     48,226,938  

Other Assets less Liabilities – 8.1%

 

     4,236,993  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 52,463,931  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $1,405, which represents less than 0.01% of net assets.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $455,225 and the total market value of the collateral held by the Fund was $478,154. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $78,084.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FUTURES CONTRACTS (EXCHANGE-TRADED)  
Long Exposure   Contracts     Expiration
Date
    Notional
Value
    Unrealized
Depreciation
 

2 Year U.S. Treasury Note

    30       9/29/23     $ 6,100,312     $ (85,546

5 Year U.S. Treasury Note

    56       9/29/23       5,997,250       (121,379

10 Year U.S. Treasury Note

    53       9/20/23       5,950,078       (112,625

U.S. Treasury Long Bond

    48       9/20/23       6,091,500       (13,565

Ultra 10 Year U.S. Treasury Note

    51       9/20/23       6,040,313       (73,711
      $ 30,179,453     $ (406,826

 

See Notes to Financial Statements.

 

WisdomTree Trust      99  


Schedule of Investments (concluded)

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

June 30, 2023

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

           

China

   $ 13,732,672      $      $ 1,405 *     $ 13,734,077  

Russia

     4,909               0 *       4,909  

Other

     32,627,412                      32,627,412  

Preferred Stocks

     1,460,470                      1,460,470  

Investment of Cash Collateral for Securities Loaned

            400,070               400,070  

Total Investments in Securities

   $ 47,825,463      $ 400,070      $ 1,405      $ 48,226,938  

Liabilities:

 

     

Financial Derivative Instruments

  

Futures Contracts1

   $ (406,826    $      $      $ (406,826

Total – Net

   $ 47,418,637      $ 400,070      $ 1,405      $ 47,820,112  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

1 

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

 

See Notes to Financial Statements.

 

100   WisdomTree Trust


Schedule of Investments

WisdomTree International Efficient Core Fund (NTSI)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 90.5%      
Australia – 6.6%

 

ANZ Group Holdings Ltd.

     46,878      $ 739,855  

Aristocrat Leisure Ltd.

     10,878        279,935  

ASX Ltd.(a)

     4,557        191,102  

BHP Group Ltd.

     81,857        2,451,420  

Brambles Ltd.

     24,108        231,244  

Cochlear Ltd.(a)

     132        20,127  

Coles Group Ltd.

     20,866        255,844  

Commonwealth Bank of Australia(a)

     29,106        1,942,672  

CSL Ltd.

     7,654        1,413,219  

Dexus

     3,528        18,318  

Fortescue Metals Group Ltd.(a)

     26,460        390,659  

Goodman Group(a)

     29,673        396,419  

Insurance Australia Group Ltd.

     51,009        193,539  

Lottery Corp. Ltd.

     31,017        105,916  

Macquarie Group Ltd.

     5,709        674,991  

National Australia Bank Ltd.(a)

     54,261        952,454  

Newcrest Mining Ltd.

     12,643        222,346  

Northern Star Resources Ltd.(a)

     19,602        157,621  

QBE Insurance Group Ltd.

     27,667        288,587  

Ramsay Health Care Ltd.(a)

     2,940        110,160  

Rio Tinto Ltd.

     5,418        413,628  

Rio Tinto PLC

     18,689        1,184,568  

Santos Ltd.(a)

     13,965        69,904  

Scentre Group

     42,643        75,221  

Sonic Healthcare Ltd.

     8,067        191,004  

South32 Ltd.

     79,086        197,940  

Stockland

     14,564        39,069  

Tabcorp Holdings Ltd.

     31,017        22,918  

Telstra Group Ltd.

     107,163        306,732  

Transurban Group(a)

     45,129        428,072  

Wesfarmers Ltd.

     20,433        671,084  

Westpac Banking Corp.

     60,270        856,134  

Woodside Energy Group Ltd.(a)

     27,953        640,822  

Woolworths Group Ltd.

     23,080        610,380  
     

 

 

 
Total Australia

 

     16,743,904  
Austria – 0.1%

 

Erste Group Bank AG

     4,383        153,450  
Belgium – 0.6%

 

Ageas SA/NV

     2,940        119,032  

Anheuser-Busch InBev SA

     13,083        739,799  

KBC Group NV

     3,938        274,623  

Solvay SA

     735        82,033  

UCB SA

     1,764        156,271  

Umicore SA

     3,586        100,116  
     

 

 

 
Total Belgium

 

     1,471,874  
China – 0.3%

 

BOC Hong Kong Holdings Ltd.

     76,500        233,797  

Prosus NV*

     8,272        605,651  
     

 

 

 
Total China

 

     839,448  
Denmark – 3.0%

 

Ambu A/S, Class B*

     3,969        64,930  

AP Moller – Maersk A/S, Class B

     147        257,929  

Carlsberg A/S, Class B

     903      144,285  

Chr Hansen Holding A/S

     1,764        122,410  

Coloplast A/S, Class B

     2,478        309,784  

Danske Bank A/S*

     3,972        96,610  

DSV A/S

     3,534        742,027  

Genmab A/S*

     1,029        388,993  

GN Store Nord A/S*

     2,627        65,513  

Novo Nordisk A/S, Class B

     27,036        4,355,170  

Novozymes A/S, Class B

     3,528        164,333  

Orsted A/S(b)

     3,392        320,470  

Pandora A/S

     1,617        144,337  

Vestas Wind Systems A/S*

     16,331        434,211  
     

 

 

 
Total Denmark

 

     7,611,002  
Finland – 0.9%

 

Elisa Oyj

     1,260        67,276  

Fortum Oyj

     7,326        98,030  

Kesko Oyj, Class B

     6,027        113,427  

Kone Oyj, Class B

     6,909        360,529  

Neste Oyj

     7,644        294,054  

Nokia Oyj

     104,804        438,556  

Nordea Bank Abp

     37,611        408,448  

Sampo Oyj, Class A

     6,027        270,383  

Stora Enso Oyj, Class R

     6,618        76,715  

UPM-Kymmene Oyj

     6,321        188,060  
     

 

 

 
Total Finland

 

     2,315,478  
France – 11.4%

 

Air Liquide SA

     8,843        1,584,155  

Airbus SE

     10,129        1,462,676  

Alstom SA(a)

     5,144        153,323  

Arkema SA

     294        27,681  

Atos SE*

     1,470        20,977  

AXA SA

     32,634        962,190  

BNP Paribas SA

     17,097        1,076,642  

Bouygues SA

     988        33,156  

Bureau Veritas SA

     1,323        36,258  

Capgemini SE

     3,034        574,467  

Carrefour SA(a)

     5,004        94,747  

Cie de Saint-Gobain

     9,261        563,082  

Cie Generale des Etablissements Michelin SCA

     8,820        260,388  

Credit Agricole SA

     10,682        126,703  

Danone SA

     8,825        540,520  

Dassault Systemes SE

     11,734        520,073  

Edenred

     3,234        216,426  

Eiffage SA

     443        46,195  

Engie SA

     29,120        483,793  

EssilorLuxottica SA

     4,619        869,788  

Hermes International

     462        1,003,044  

Kering SA

     1,323        729,780  

L’Oreal SA

     4,300        2,003,655  

Legrand SA

     4,704        465,992  

LVMH Moet Hennessy Louis Vuitton SE

     4,704        4,428,973  

Orange SA

     17,049        199,062  

Pernod Ricard SA

     3,675        811,508  

 

See Notes to Financial Statements.

 

WisdomTree Trust      101  


Schedule of Investments (continued)

WisdomTree International Efficient Core Fund (NTSI)

June 30, 2023

 

 

 

Investments    Shares      Value  

Publicis Groupe SA

     3,243      $ 260,051  

Renault SA

     2,744        115,497  

Safran SA

     5,297        829,060  

Sanofi

     18,090        1,938,094  

Sartorius Stedim Biotech

     441        110,035  

Schneider Electric SE

     9,279        1,685,140  

Societe Generale SA

     9,279        240,937  

Sodexo SA

     1,176        129,392  

Teleperformance

     1,029        172,269  

Thales SA

     1,237        185,161  

TotalEnergies SE

     42,131        2,415,457  

Unibail-Rodamco-Westfield*(a)

     783        41,132  

Valeo

     1,303        27,906  

Veolia Environnement SA

     8,232        260,003  

Vinci SA

     8,653        1,004,273  

Vivendi SE

     12,794        117,333  

Worldline SA*(b)

     4,432        161,983  
     

 

 

 
Total France

 

     28,988,977  
Germany – 7.5%

 

adidas AG

     3,381        655,772  

Allianz SE, Registered Shares

     6,927        1,611,229  

BASF SE

     15,582        755,989  

Bayer AG, Registered Shares

     15,752        870,786  

Bayerische Motoren Werke AG

     4,468        548,489  

Beiersdorf AG

     1,617        213,903  

Brenntag SE

     2,205        171,764  

Continental AG

     1,617        121,903  

Covestro AG*(b)

     3,533        183,397  

Daimler Truck Holding AG

     1,492        53,716  

Delivery Hero SE*(b)

     1,587        69,958  

Deutsche Bank AG, Registered Shares

     31,409        329,582  

Deutsche Boerse AG

     3,211        592,391  

Deutsche Post AG, Registered Shares

     16,711        815,504  

Deutsche Telekom AG, Registered Shares

     53,166        1,158,690  

Deutsche Wohnen SE

     3,808        87,744  

E.ON SE

     35,242        449,085  

Fresenius Medical Care AG & Co. KGaA

     2,662        127,119  

Fresenius SE & Co. KGaA

     5,964        165,076  

Hannover Rueck SE

     589        124,889  

Heidelberg Materials AG

     2,244        184,105  

HelloFresh SE*

     1,902        46,897  

Infineon Technologies AG

     24,809        1,022,713  

Knorr-Bremse AG

     1,029        78,562  

Mercedes-Benz Group AG

     12,509        1,005,398  

Merck KGaA

     2,236        369,703  

MTU Aero Engines AG

     884        228,959  

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares

     2,352        881,689  

Puma SE

     1,764        106,080  

RWE AG

     11,455        498,272  

SAP SE

     17,841        2,435,792  

Scout24 SE(b)

     2,746        174,001  

Siemens AG, Registered Shares

     12,534        2,085,923  

Siemens Energy AG*

     7,514        132,640  

Siemens Healthineers AG(b)

     4,683      264,961  

Symrise AG

     2,020        211,611  

Vonovia SE

     2,623        51,210  

Zalando SE*(b)

     2,921        84,004  
     

 

 

 
Total Germany

 

     18,969,506  
Hong Kong – 1.8%

 

AIA Group Ltd.

     205,800        2,077,276  

CK Asset Holdings Ltd.

     65,500        362,747  

CLP Holdings Ltd.

     23,500        182,624  

Hang Seng Bank Ltd.

     16,300        231,918  

Hong Kong & China Gas Co. Ltd.

     171,100        147,812  

Hong Kong Exchanges & Clearing Ltd.

     17,300        651,680  

Link REIT

     55,894        310,261  

MTR Corp. Ltd.

     11,500        52,829  

Power Assets Holdings Ltd.

     19,000        99,527  

Sun Hung Kai Properties Ltd.

     18,000        226,705  

Techtronic Industries Co. Ltd.

     10,000        108,657  

WH Group Ltd.(b)

     288,500        152,780  
     

 

 

 
Total Hong Kong

 

     4,604,816  
Ireland – 0.7%

 

CRH PLC

     12,198        672,055  

Flutter Entertainment PLC*

     2,738        550,384  

Kerry Group PLC, Class A

     1,907        185,958  

Kingspan Group PLC

     2,807        186,503  

Smurfit Kappa Group PLC

     2,627        87,501  
     

 

 

 
Total Ireland

 

     1,682,401  
Israel – 0.3%

 

Bank Hapoalim BM

     15,723        128,718  

Bank Leumi Le-Israel BM

     18,833        140,019  

Check Point Software Technologies Ltd.*

     1,669        209,660  

Nice Ltd.*

     1,472        300,274  

Teva Pharmaceutical Industries Ltd., ADR*

     869        6,543  

Wix.com Ltd.*

     870        68,069  
     

 

 

 
Total Israel

 

     853,283  
Italy – 1.9%

 

Assicurazioni Generali SpA

     15,727        319,485  

Enel SpA

     141,283        950,734  

Eni SpA

     41,162        591,974  

Ferrari NV

     1,962        641,093  

FinecoBank Banca Fineco SpA

     13,230        177,754  

Intesa Sanpaolo SpA

     260,657        682,504  

Moncler SpA

     3,969        274,274  

Nexi SpA*(a)(b)

     9,857        77,235  

Prysmian SpA

     4,263        178,038  

Snam SpA(a)

     8,232        42,993  

Telecom Italia SpA*(a)

     144,787        40,723  

Terna – Rete Elettrica Nazionale

     10,889        92,734  

UniCredit SpA

     32,046        743,471  
     

 

 

 
Total Italy

 

     4,813,012  
Japan – 20.9%

 

Aeon Co. Ltd.

     14,700        299,218  

Ajinomoto Co., Inc.(a)

     14,700        582,162  

 

See Notes to Financial Statements.

 

102   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Efficient Core Fund (NTSI)

June 30, 2023

 

 

 

Investments    Shares      Value  

Asahi Group Holdings Ltd.(a)

     14,300      $ 551,480  

Asahi Kasei Corp.

     44,100        296,573  

Astellas Pharma, Inc.

     45,500        676,511  

Bridgestone Corp.(a)

     14,700        599,249  

Canon, Inc.(a)

     28,400        744,705  

Central Japan Railway Co.

     500        62,476  

Chugai Pharmaceutical Co. Ltd.(a)

     14,700        415,569  

Dai-ichi Life Holdings, Inc.

     28,400        537,996  

Daiichi Sankyo Co. Ltd.

     31,400        988,480  

Daikin Industries Ltd.

     4,100        830,155  

Daiwa House Industry Co. Ltd.

     13,900        364,678  

FANUC Corp.

     3,000        104,445  

Fast Retailing Co. Ltd.

     1,500        381,084  

Fujitsu Ltd.

     1,500        192,981  

Hitachi Ltd.

     14,700        904,772  

Honda Motor Co. Ltd.

     29,400        883,007  

Hoya Corp.

     2,700        318,971  

ITOCHU Corp.

     28,900        1,137,125  

Japan Exchange Group, Inc.(a)

     14,700        255,077  

Japan Post Holdings Co. Ltd.

     64,200        460,396  

Japan Tobacco, Inc.(a)

     29,400        641,355  

Kao Corp.(a)

     14,700        530,292  

KDDI Corp.

     29,400        905,179  

Keyence Corp.

     3,000        1,408,309  

Kirin Holdings Co. Ltd.(a)

     29,400        427,468  

Komatsu Ltd.

     27,000        724,994  

Kubota Corp.(a)

     29,200        424,055  

Kyowa Kirin Co. Ltd.(a)

     14,200        261,728  

M3, Inc.

     13,700        294,692  

Marubeni Corp.

     43,100        727,602  

MINEBEA MITSUMI, Inc.

     14,700        275,113  

MISUMI Group, Inc.

     14,500        287,823  

Mitsubishi Chemical Group Corp.

     58,800        351,169  

Mitsubishi Corp.

     29,400        1,409,638  

Mitsubishi Electric Corp.

     55,800        782,555  

Mitsubishi Estate Co. Ltd.(a)

     31,700        375,044  

Mitsubishi Heavy Industries Ltd.

     11,300        524,678  

Mitsubishi UFJ Financial Group, Inc.

     243,600        1,794,956  

Mitsui Fudosan Co. Ltd.

     27,400        542,275  

Mizuho Financial Group, Inc.

     57,400        873,301  

Murata Manufacturing Co. Ltd.

     14,700        837,646  

Nexon Co. Ltd.

     13,800        262,280  

Nidec Corp.

     300        16,283  

Nihon M&A Center Holdings, Inc.

     13,600        103,363  

Nintendo Co. Ltd.

     14,700        665,357  

Nippon Paint Holdings Co. Ltd.(a)

     27,100        221,810  

Nippon Steel Corp.

     17,800        369,953  

Nippon Telegraph & Telephone Corp.

     410,000        483,655  

Nissan Motor Co. Ltd.

     71,600        291,384  

Nomura Holdings, Inc.

     119,400        452,041  

Nomura Research Institute Ltd.

     2,300        63,032  

NTT Data Corp.

     17,000        236,061  

Odakyu Electric Railway Co. Ltd.(a)

     14,700        195,834  

Olympus Corp.

     29,000        454,658  

Ono Pharmaceutical Co. Ltd.

     13,100      236,196  

Otsuka Holdings Co. Ltd.(a)

     13,400        488,680  

Pan Pacific International Holdings Corp.(a)

     13,500        240,326  

Panasonic Holdings Corp.

     59,300        719,428  

Rakuten Group, Inc.(a)

     31,600        109,097  

Recruit Holdings Co. Ltd.

     29,400        928,164  

Renesas Electronics Corp.*

     28,300        528,955  

Resona Holdings, Inc.

     68,800        328,589  

Sekisui House Ltd.

     28,800        578,949  

Seven & I Holdings Co. Ltd.

     14,700        631,082  

Shimadzu Corp.

     11,300        346,189  

Shin-Etsu Chemical Co. Ltd.

     13,400        442,047  

Shiseido Co. Ltd.

     100        4,492  

SoftBank Corp.(a)

     73,500        783,132  

SoftBank Group Corp.

     29,400        1,377,702  

Sompo Holdings, Inc.

     12,900        576,477  

Sony Group Corp.

     26,100        2,341,208  

Subaru Corp.

     15,000        280,520  

Sumitomo Chemical Co. Ltd.

     88,200        266,367  

Sumitomo Corp.

     31,100        654,341  

Sumitomo Electric Industries Ltd.

     29,400        357,393  

Sumitomo Mitsui Financial Group, Inc.

     28,800        1,227,241  

Sumitomo Mitsui Trust Holdings, Inc.

     14,000        495,257  

Sumitomo Realty & Development Co. Ltd.(a)

     13,300        326,944  

Suzuki Motor Corp.

     13,400        482,191  

Takeda Pharmaceutical Co. Ltd.

     29,400        920,841  

Terumo Corp.

     14,700        463,980  

Tokio Marine Holdings, Inc.

     30,000        688,069  

Tokyo Electron Ltd.

     8,100        1,152,219  

Tokyo Gas Co. Ltd.

     14,300        310,962  

Toray Industries, Inc.

     45,100        249,753  

Toshiba Corp.(a)

     12,500        390,649  

Toyota Motor Corp.(a)

     204,900        3,272,644  

Unicharm Corp.(a)

     13,800        509,951  

Yamato Holdings Co. Ltd.

     14,000        252,133  

Z Holdings Corp.

     75,600        181,187  
     

 

 

 
Total Japan

 

     52,946,048  
Luxembourg – 0.2%

 

ArcelorMittal SA

     9,996        271,878  

Eurofins Scientific SE(a)

     2,042        129,570  
     

 

 

 
Total Luxembourg

 

     401,448  
Macau – 0.1%

 

Sands China Ltd.*

     63,200        215,328  
Netherlands – 3.9%

 

Adyen NV*(a)(b)

     294        508,652  

Aegon NV(a)

     20,864        105,391  

Akzo Nobel NV

     2,793        227,684  

Argenx SE*

     686        265,991  

ASM International NV(a)

     1,179        499,530  

ASML Holding NV

     7,219        5,221,742  

Ferrovial SE

     7,760        245,265  

Heineken NV

     3,822        392,712  

ING Groep NV, Series N

     60,561        815,197  

 

See Notes to Financial Statements.

 

WisdomTree Trust      103  


Schedule of Investments (continued)

WisdomTree International Efficient Core Fund (NTSI)

June 30, 2023

 

 

 

Investments    Shares      Value  

Just Eat Takeaway.com NV*(a)(b)

     1,621      $ 24,823  

Koninklijke Ahold Delhaize NV

     15,262        520,505  

Koninklijke KPN NV

     52,626        187,690  

Koninklijke Philips NV*(a)

     16,128        348,535  

QIAGEN NV*

     2,793        125,360  

Randstad NV(a)

     882        46,487  

Wolters Kluwer NV

     3,234        410,341  
     

 

 

 
Total Netherlands

 

     9,945,905  
New Zealand – 0.1%

 

Xero Ltd.*

     3,320        262,830  
Norway – 0.4%

 

DNB Bank ASA

     12,787        239,543  

Equinor ASA(a)

     17,227        501,845  

Mowi ASA(a)

     8,085        128,442  

Norsk Hydro ASA

     23,373        139,188  

Telenor ASA

     5,880        59,714  

Yara International ASA

     2,061        72,909  
     

 

 

 
Total Norway

 

     1,141,641  
Portugal – 0.1%

 

EDP – Energias de Portugal SA

     55,368        270,380  
Singapore – 0.8%

 

DBS Group Holdings Ltd.

     31,800        740,398  

Oversea-Chinese Banking Corp. Ltd.

     58,800        533,538  

Singapore Telecommunications Ltd.

     190,100        351,166  

United Overseas Bank Ltd.

     14,700        304,134  
     

 

 

 
Total Singapore

 

     1,929,236  
Spain – 2.3%

 

ACS Actividades de Construccion y Servicios SA

     3,294        115,611  

Aena SME SA(b)

     1,323        213,622  

Amadeus IT Group SA*

     8,375        636,858  

Banco Bilbao Vizcaya Argentaria SA

     103,236        792,018  

Banco Santander SA

     198,608        733,467  

CaixaBank SA

     46,305        191,315  

Cellnex Telecom SA*(b)

     5,724        230,998  

Endesa SA(a)

     4,471        95,850  

Grifols SA*

     2,490        31,893  

Iberdrola SA

     100,362        1,308,465  

Industria de Diseno Textil SA

     18,816        727,932  

Repsol SA(a)

     23,813        346,313  

Telefonica SA(a)

     76,596        310,532  
     

 

 

 
Total Spain

 

     5,734,874  
Sweden – 2.3%

 

Alfa Laval AB

     5,550        201,934  

Alleima AB

     1,663        7,553  

Assa Abloy AB, Class B

     17,663        423,534  

Atlas Copco AB, Class A

     76,440        1,099,754  

Boliden AB*

     4,556        131,412  

Epiroc AB, Class A

     18,399        347,325  

EQT AB(a)

     2,884        55,377  

Essity AB, Class B

     8,232        218,808  

Evolution AB(b)

     2,710        342,673  

H & M Hennes & Mauritz AB, Class B(a)

     13,968        239,471  

Hexagon AB, Class B

     41,891      514,848  

Kinnevik AB, Class B*(a)

     5,202        71,952  

Nibe Industrier AB, Class B

     20,079        190,356  

Sandvik AB

     21,756        423,385  

Skandinaviska Enskilda Banken AB, Class A

     10,291        113,521  

Skanska AB, Class B(a)

     2,793        39,084  

SKF AB, Class B

     6,336        110,046  

Svenska Cellulosa AB SCA, Class B(a)

     11,319        144,038  

Svenska Handelsbanken AB, Class A

     13,821        115,596  

Swedbank AB, Class A

     7,643        128,677  

Telefonaktiebolaget LM Ericsson, Class B

     47,459        256,643  

Telia Co. AB(a)

     10,878        23,818  

Volvo AB, Class B

     25,431        525,040  
     

 

 

 
Total Sweden

 

     5,724,845  
Switzerland – 9.9%

 

ABB Ltd., Registered Shares

     35,478        1,395,089  

Accelleron Industries AG

     1,883        45,083  

Adecco Group AG, Registered Shares(a)

     1,908        62,338  

Alcon, Inc.

     9,114        754,873  

Cie Financiere Richemont SA, Class A, Registered Shares

     8,946        1,516,415  

DSM-Firmenich AG*

     2,704        290,935  

Geberit AG, Registered Shares

     882        461,481  

Givaudan SA, Registered Shares

     147        487,179  

Holcim AG, Registered Shares*

     5,880        395,659  

Julius Baer Group Ltd.

     2,058        129,601  

Kuehne & Nagel International AG, Registered Shares

     969        286,698  

Logitech International SA, Registered Shares

     3,839        228,456  

Lonza Group AG, Registered Shares

     1,080        643,908  

Nestle SA, Registered Shares

     45,880        5,518,010  

Novartis AG, Registered Shares

     34,963        3,517,208  

Partners Group Holding AG

     441        414,850  

Roche Holding AG

     11,463        3,504,310  

Schindler Holding AG, Participation Certificate

     1,227        287,601  

Sika AG, Registered Shares

     2,527        722,242  

Sonova Holding AG, Registered Shares

     1,171        311,778  

STMicroelectronics NV

     15,972        793,991  

Straumann Holding AG, Registered Shares

     1,470        238,496  

Swatch Group AG, Bearer Shares

     735        214,507  

Swiss Life Holding AG, Registered Shares

     294        171,868  

Swiss Re AG

     3,822        384,657  

Swisscom AG, Registered Shares

     190        118,462  

Temenos AG, Registered Shares

     1,275        101,384  

UBS Group AG, Registered Shares

     47,796        966,712  

Zurich Insurance Group AG

     2,352        1,117,046  
     

 

 

 
Total Switzerland

 

     25,080,837  
United Kingdom – 13.8%

 

Abrdn PLC

     26,480        73,458  

Admiral Group PLC

     2,492        65,962  

Anglo American PLC

     19,493        553,392  

Antofagasta PLC

     6,175        114,697  

Ashtead Group PLC

     7,760        537,088  

Associated British Foods PLC

     4,284        108,439  

 

See Notes to Financial Statements.

 

104   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Efficient Core Fund (NTSI)

June 30, 2023

 

 

 

Investments    Shares      Value  

AstraZeneca PLC

     20,482      $ 2,936,248  

Aviva PLC

     37,765        189,746  

BAE Systems PLC

     43,719        515,247  

Barclays PLC

     279,946        545,894  

Barratt Developments PLC

     18,231        95,841  

BP PLC

     328,810        1,916,053  

British American Tobacco PLC

     37,359        1,238,706  

BT Group PLC

     145,710        226,652  

Bunzl PLC

     5,586        212,982  

Burberry Group PLC

     6,174        166,406  

CK Hutchison Holdings Ltd.

     68,000        415,206  

CNH Industrial NV

     19,719        284,085  

Coca-Cola Europacific Partners PLC

     2,352        151,539  

Compass Group PLC

     31,591        884,395  

Croda International PLC

     2,659        190,188  

DCC PLC

     762        42,606  

Diageo PLC

     40,238        1,728,582  

Dowlais Group PLC*

     22,389        36,150  

Entain PLC

     10,416        168,443  

Experian PLC

     16,311        625,843  

Ferguson PLC

     3,637        573,826  

Glencore PLC*

     162,532        918,493  

Haleon PLC

     79,086        324,010  

Halma PLC

     8,209        237,639  

HSBC Holdings PLC

     321,048        2,537,559  

Imperial Brands PLC

     10,814        239,016  

Informa PLC

     28,224        260,508  

InterContinental Hotels Group PLC

     2,940        203,110  

Intertek Group PLC

     2,793        151,445  

James Hardie Industries PLC*

     9,454        250,149  

Johnson Matthey PLC

     3,087        68,525  

Kingfisher PLC

     27,381        80,657  

Legal & General Group PLC

     111,427        322,000  

Lloyds Banking Group PLC

     1,132,782        627,767  

London Stock Exchange Group PLC

     5,125        545,101  

Melrose Industries PLC

     22,389        144,086  

Mondi PLC

     7,200        109,753  

National Grid PLC

     57,522        760,924  

NatWest Group PLC

     68,978        211,170  

Next PLC

     1,911        167,639  

Ocado Group PLC*

     5,270        38,056  

Pearson PLC

     12,054        125,970  

Persimmon PLC

     3,046        39,713  

Prudential PLC

     41,508        584,969  

Reckitt Benckiser Group PLC

     11,886        893,379  

RELX PLC

     29,904        996,464  

Rentokil Initial PLC

     28,371        221,827  

Rolls-Royce Holdings PLC*

     151,986        291,870  

Sage Group PLC

     23,086        271,432  

Segro PLC

     8,548        77,898  

Shell PLC

     124,329        3,702,691  

Smith & Nephew PLC

     16,746        269,958  

Smiths Group PLC

     6,023        125,887  

Spirax-Sarco Engineering PLC

     1,323        174,339  

SSE PLC

     16,446      384,928  

St. James’s Place PLC

     10,437        144,301  

Standard Chartered PLC

     41,911        363,927  

Taylor Wimpey PLC

     56,742        74,123  

Tesco PLC

     114,804        362,555  

Unilever PLC

     41,957        2,185,691  

United Utilities Group PLC

     10,110        123,598  

Vodafone Group PLC

     443,564        417,136  

Whitbread PLC

     3,675        158,201  

WPP PLC

     20,581        215,448  
     

 

 

 
Total United Kingdom

 

     35,001,586  
United States – 0.6%

 

GSK PLC

     61,609        1,087,800  

Stellantis NV

     27,954        490,710  
     

 

 

 
Total United States

 

     1,578,510  
TOTAL COMMON STOCKS
(Cost: $216,399,141)

 

     229,280,619  
PREFERRED STOCKS – 0.5%

 

Germany – 0.5%

 

Henkel AG & Co. KGaA

     4,557        364,226  

Porsche Automobil Holding SE*

     2,205        132,696  

Sartorius AG

     735        254,278  
Volkswagen AG      3,363        451,071  
TOTAL PREFERRED STOCKS
(Cost: $1,358,145)

 

     1,202,271  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3%

 

United States – 2.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(c)

     
(Cost: $5,929,191)      5,929,191        5,929,191  
TOTAL INVESTMENTS IN SECURITIES – 93.3%
(Cost: $223,686,477)

 

     236,412,081  

Other Assets less Liabilities – 6.7%

 

     16,945,163  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 253,357,244  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $11,491,272 and the total market value of the collateral held by the Fund was $12,075,543. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,146,352.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

See Notes to Financial Statements.

 

WisdomTree Trust      105  


Schedule of Investments (concluded)

WisdomTree International Efficient Core Fund (NTSI)

June 30, 2023

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FUTURES CONTRACTS (EXCHANGE-TRADED)  
Long Exposure   Contracts     Expiration
Date
    Notional
Value
    Unrealized
Depreciation
 

2 Year U.S. Treasury Note

    143       9/29/23     $ 29,078,156     $ (395,730

5 Year U.S. Treasury Note

    270       9/29/23       28,915,313       (567,835

10 Year U.S. Treasury Note

    257       9/20/23       28,852,266       (531,809

U.S. Treasury Long Bond

    229       9/20/23       29,061,531       (69,401

Ultra 10 Year U.S. Treasury Note

    245       9/20/23       29,017,187       (347,619
      $ 144,924,453     $ (1,912,394

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 229,280,619      $      $      $ 229,280,619  

Preferred Stocks

     1,202,271                      1,202,271  

Investment of Cash Collateral for Securities Loaned

            5,929,191               5,929,191  

Total Investments in Securities

   $ 230,482,890      $ 5,929,191      $      $ 236,412,081  

Liabilities:

 

     

Financial Derivative Instruments

  

Futures Contracts1

   $ (1,912,394    $      $      $ (1,912,394

Total – Net

   $ 228,570,496      $ 5,929,191      $      $ 234,499,687  
1 

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

 

See Notes to Financial Statements.

 

106   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. Efficient Core Fund (NTSX)

June 30, 2023

 

 

 

Investments    Shares     Value  
COMMON STOCKS – 91.3%     
Argentina – 0.1%

 

Broadline Retail – 0.1%

 

MercadoLibre, Inc.*

     797     $ 944,126  
Brazil – 0.1%

 

Banks – 0.1%

 

NU Holdings Ltd., Class A*

     49,031       386,855  
China – 0.2%

 

Hotels, Restaurants & Leisure – 0.1%

 

Yum China Holdings, Inc.

     7,733       436,914  
Semiconductors & Semiconductor Equipment – 0.1%

 

NXP Semiconductors NV

     4,423       905,300  
Total China

 

    1,342,214  
Ireland – 0.0%

 

Technology Hardware, Storage & Peripherals – 0.0%

 

Seagate Technology Holdings PLC

     4,181       258,679  
Israel – 0.0%

 

Software – 0.0%

 

Check Point Software Technologies Ltd.*

     2,220       278,876  
Russia – 0.0%

 

Interactive Media & Services – 0.0%

 

Yandex NV, Class A*

     6,719       0  
South Korea – 0.0%

 

Broadline Retail – 0.0%

 

Coupang, Inc.*

     21,441       373,073  
United Kingdom – 0.1%

 

Beverages – 0.1%

 

Coca-Cola Europacific Partners PLC

     9,325       600,810  
United States – 90.8%

 

Aerospace & Defense – 1.5%

 

Axon Enterprise, Inc.*

     1,258       245,461  

Boeing Co.*

     12,517       2,643,090  

General Dynamics Corp.

     5,214       1,121,792  

Howmet Aerospace, Inc.

     7,962       394,597  

L3Harris Technologies, Inc.

     3,251       636,448  

Lockheed Martin Corp.

     5,064       2,331,364  

Northrop Grumman Corp.

     2,922       1,331,847  

Raytheon Technologies Corp.

     27,532       2,697,035  

Textron, Inc.

     3,787       256,115  

TransDigm Group, Inc.

     884       790,446  
    

 

 

 
Total Aerospace & Defense

 

    12,448,195  
Air Freight & Logistics – 0.5%

 

Expeditors International of Washington, Inc.

     3,241       392,582  

FedEx Corp.

     4,636       1,149,265  

United Parcel Service, Inc., Class B

     14,392       2,579,766  
    

 

 

 
Total Air Freight & Logistics

 

    4,121,613  
Automobile Components – 0.1%

 

Aptiv PLC*

     5,104       521,067  

BorgWarner, Inc.

     4,990       244,061  
    

 

 

 
Total Automobile Components

 

    765,128  
Automobiles – 2.0%

 

Ford Motor Co.

     83,737     1,266,941  

General Motors Co.

     25,909       999,051  

Tesla, Inc.*

     57,753       15,118,003  
    

 

 

 
Total Automobiles

 

    17,383,995  
Banks – 2.7%

 

Bank of America Corp.

     149,466       4,288,179  

Citigroup, Inc.

     38,771       1,785,017  

Citizens Financial Group, Inc.

     7,333       191,245  

Fifth Third Bancorp

     14,857       389,402  

First Citizens BancShares, Inc., Class A

     285       365,783  

Huntington Bancshares, Inc.

     30,319       326,839  

JPMorgan Chase & Co.

     61,945       9,009,281  

M&T Bank Corp.

     2,943       364,226  

PNC Financial Services Group, Inc.

     8,133       1,024,351  

Regions Financial Corp.

     21,906       390,365  

Truist Financial Corp.

     28,968       879,179  

U.S. Bancorp

     33,881       1,119,428  

Wells Fargo & Co.

     77,116       3,291,311  
    

 

 

 
Total Banks

 

    23,424,606  
Beverages – 1.5%

 

Brown-Forman Corp., Class B

     5,928       395,872  

Coca-Cola Co.

     82,713       4,980,977  

Constellation Brands, Inc., Class A

     3,881       955,230  

Keurig Dr. Pepper, Inc.

     20,631       645,131  

Monster Beverage Corp.*

     16,004       919,270  

PepsiCo, Inc.

     28,057       5,196,718  
    

 

 

 
Total Beverages

 

    13,093,198  
Biotechnology – 1.9%

 

AbbVie, Inc.

     35,167       4,738,050  

Alnylam Pharmaceuticals, Inc.*

     1,816       344,931  

Amgen, Inc.

     10,392       2,307,232  

Biogen, Inc.*

     2,439       694,749  

BioMarin Pharmaceutical, Inc.*

     3,346       290,031  

Exact Sciences Corp.*

     3,393       318,603  

Gilead Sciences, Inc.

     22,812       1,758,121  

Horizon Therapeutics PLC*

     4,517       464,573  

Incyte Corp.*

     4,889       304,340  

Moderna, Inc.*

     7,153       869,090  

Regeneron Pharmaceuticals, Inc.*

     1,790       1,286,187  

Sarepta Therapeutics, Inc.*

     1,781       203,960  

Seagen, Inc.*

     3,551       683,425  

Vertex Pharmaceuticals, Inc.*

     4,660       1,639,901  
    

 

 

 
Total Biotechnology

 

    15,903,193  
Broadline Retail – 3.0%

 

Amazon.com, Inc.*

     193,749       25,257,119  

eBay, Inc.

     11,775       526,225  

Etsy, Inc.*

     2,269       191,980  
    

 

 

 
Total Broadline Retail

 

    25,975,324  
Building Products – 0.3%

 

Carlisle Cos., Inc.

     973       249,603  

Carrier Global Corp.

     13,449       668,550  

 

See Notes to Financial Statements.

 

WisdomTree Trust      107  


Schedule of Investments (continued)

WisdomTree U.S. Efficient Core Fund (NTSX)

June 30, 2023

 

 

 

Investments    Shares     Value  

Johnson Controls International PLC

     14,613     $ 995,730  

Trane Technologies PLC

     4,184       800,232  
    

 

 

 
Total Building Products

 

    2,714,115  
Capital Markets – 2.7%

 

Ameriprise Financial, Inc.

     2,011       667,974  

Ares Management Corp., Class A

     2,853       274,887  

Bank of New York Mellon Corp.

     16,601       739,077  

BlackRock, Inc.

     3,185       2,201,281  

Blackstone, Inc.

     15,173       1,410,634  

Charles Schwab Corp.

     30,063       1,703,971  

CME Group, Inc.

     7,613       1,410,613  

Coinbase Global, Inc., Class A*

     3,724       266,452  

FactSet Research Systems, Inc.

     825       330,536  

Goldman Sachs Group, Inc.

     6,825       2,201,336  

Intercontinental Exchange, Inc.

     12,034       1,360,805  

KKR & Co., Inc.

     14,431       808,136  

LPL Financial Holdings, Inc.

     1,673       363,760  

MarketAxess Holdings, Inc.

     707       184,824  

Moody’s Corp.

     3,159       1,098,447  

Morgan Stanley

     27,140       2,317,756  

MSCI, Inc.

     1,543       724,114  

Nasdaq, Inc.

     7,461       371,931  

Northern Trust Corp.

     4,546       337,040  

Raymond James Financial, Inc.

     3,817       396,090  

S&P Global, Inc.

     6,988       2,801,419  

State Street Corp.

     6,589       482,183  

T. Rowe Price Group, Inc.

     4,716       528,286  
    

 

 

 
Total Capital Markets

 

    22,981,552  
Chemicals – 1.5%

 

Air Products & Chemicals, Inc.

     4,394       1,316,135  

Albemarle Corp.

     2,172       484,551  

CF Industries Holdings, Inc.

     2,897       201,110  

Corteva, Inc.

     14,352       822,370  

Dow, Inc.

     15,028       800,391  

DuPont de Nemours, Inc.

     9,291       663,749  

Ecolab, Inc.

     5,462       1,019,701  

FMC Corp.

     2,466       257,302  

International Flavors & Fragrances, Inc.

     4,113       327,354  

Linde PLC

     10,471       3,990,289  

LyondellBasell Industries NV, Class A

     5,179       475,588  

Mosaic Co.

     5,313       185,955  

PPG Industries, Inc.

     4,184       620,487  

Sherwin-Williams Co.

     5,212       1,383,890  
    

 

 

 
Total Chemicals

 

    12,548,872  
Commercial Services & Supplies – 0.6%

 

Cintas Corp.

     1,894       941,470  

Copart, Inc.*

     9,530       869,231  

Republic Services, Inc.

     4,218       646,071  

Rollins, Inc.

     5,969       255,652  

Waste Connections, Inc.

     5,341       763,389  

Waste Management, Inc.

     7,389       1,281,401  
    

 

 

 
Total Commercial Services & Supplies

 

    4,757,214  
Communications Equipment – 0.7%

 

Arista Networks, Inc.*

     5,493     890,196  

Cisco Systems, Inc.

     82,068       4,246,198  

Motorola Solutions, Inc.

     2,840       832,915  
    

 

 

 
Total Communications Equipment

 

    5,969,309  
Construction & Engineering – 0.1%

 

Quanta Services, Inc.

     2,845       558,900  
Construction Materials – 0.1%

 

Martin Marietta Materials, Inc.

     1,178       543,871  

Vulcan Materials Co.

     2,459       554,357  
    

 

 

 
Total Construction Materials

 

    1,098,228  
Consumer Finance – 0.5%

 

American Express Co.

     12,493       2,176,281  

Capital One Financial Corp.

     8,387       917,286  

Discover Financial Services

     4,607       538,328  

Synchrony Financial

     8,599       291,678  
    

 

 

 
Total Consumer Finance

 

    3,923,573  
Consumer Staples Distribution & Retail – 1.7%

 

Costco Wholesale Corp.

     9,332       5,024,162  

Dollar General Corp.

     4,229       718,000  

Dollar Tree, Inc.*

     4,232       607,292  

Kroger Co.

     13,284       624,348  

Sysco Corp.

     10,415       772,793  

Target Corp.

     8,723       1,150,564  

Walgreens Boots Alliance, Inc.

     15,650       445,868  

Walmart, Inc.

     29,959       4,708,956  
    

 

 

 
Total Consumer Staples Distribution & Retail

 

    14,051,983  
Containers & Packaging – 0.1%

 

Amcor PLC

     31,679       316,156  

Avery Dennison Corp.

     1,691       290,514  

Ball Corp.

     6,308       367,189  

Packaging Corp. of America

     1,835       242,514  
    

 

 

 
Total Containers & Packaging

 

    1,216,373  
Distributors – 0.1%

 

Genuine Parts Co.

     2,849       482,136  

LKQ Corp.

     5,872       342,162  

Pool Corp.

     847       317,320  
    

 

 

 
Total Distributors

 

    1,141,618  
Diversified REITs – 0.0%

 

W.P. Carey, Inc.

     4,407       297,737  
Diversified Telecommunication Services – 0.6%

 

AT&T, Inc.

     150,756       2,404,558  

Verizon Communications, Inc.

     81,011       3,012,799  
    

 

 

 
Total Diversified Telecommunication Services

 

    5,417,357  
Electric Utilities – 1.4%

 

Alliant Energy Corp.

     4,466       234,376  

American Electric Power Co., Inc.

     10,701       901,024  

Constellation Energy Corp.

     5,617       514,236  

Duke Energy Corp.

     14,796       1,327,793  

Edison International

     7,410       514,625  

 

See Notes to Financial Statements.

 

108   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Efficient Core Fund (NTSX)

June 30, 2023

 

 

 

Investments    Shares     Value  

Entergy Corp.

     4,255     $ 414,309  

Evergy, Inc.

     4,740       276,911  

Eversource Energy

     6,107       433,108  

Exelon Corp.

     19,355       788,523  

FirstEnergy Corp.

     10,706       416,249  

NextEra Energy, Inc.

     41,770       3,099,334  

PG&E Corp.*

     40,075       692,496  

PPL Corp.

     13,472       356,469  

Southern Co.

     20,366       1,430,712  

Xcel Energy, Inc.

     11,052       687,103  
    

 

 

 
Total Electric Utilities

 

    12,087,268  
Electrical Equipment – 0.5%

 

AMETEK, Inc.

     4,910       794,831  

Eaton Corp. PLC

     8,363       1,681,799  

Emerson Electric Co.

     11,887       1,074,466  

Hubbell, Inc.

     956       316,971  

Rockwell Automation, Inc.

     2,319       763,995  
    

 

 

 
Total Electrical Equipment

 

    4,632,062  
Electronic Equipment, Instruments & Components – 0.5%

 

Amphenol Corp., Class A

     10,975       932,326  

CDW Corp.

     2,727       500,404  

Corning, Inc.

     17,677       619,402  

Keysight Technologies, Inc.*

     3,294       551,580  

TE Connectivity Ltd.

     6,380       894,221  

Teledyne Technologies, Inc.*

     798       328,066  

Trimble, Inc.*

     5,139       272,059  

Zebra Technologies Corp., Class A*

     1,172       346,713  
    

 

 

 
Total Electronic Equipment, Instruments & Components

 

    4,444,771  
Energy Equipment & Services – 0.3%

 

Baker Hughes Co.

     17,529       554,092  

Halliburton Co.

     15,465       510,190  

Schlumberger NV

     29,913       1,469,327  
    

 

 

 
Total Energy Equipment & Services

 

    2,533,609  
Entertainment – 1.3%

 

Activision Blizzard, Inc.*

     15,335       1,292,740  

Electronic Arts, Inc.

     4,911       636,957  

Liberty Media Corp. – Liberty Formula One, Class C*

     3,623       272,739  

Netflix, Inc.*

     8,932       3,934,457  

ROBLOX Corp., Class A*

     9,209       371,123  

Spotify Technology SA*

     2,217       355,939  

Take-Two Interactive Software, Inc.*

     3,336       490,926  

Walt Disney Co.*

     38,699       3,455,047  

Warner Bros Discovery, Inc.*

     47,504       595,700  
    

 

 

 
Total Entertainment

 

    11,405,628  
Financial Services – 3.9%

 

Apollo Global Management, Inc.

     7,165       550,344  

Berkshire Hathaway, Inc., Class A*

     7       3,624,670  

Berkshire Hathaway, Inc., Class B*

     25,806       8,799,846  

Block, Inc.*

     11,578       770,747  

Fidelity National Information Services, Inc.

     12,775       698,792  

Fiserv, Inc.*

     12,235       1,543,445  

FleetCor Technologies, Inc.*

     1,352       339,460  

Global Payments, Inc.

     4,605     453,685  

MasterCard, Inc., Class A

     17,661       6,946,071  

PayPal Holdings, Inc.*

     23,927       1,596,649  

Visa, Inc., Class A

     34,062       8,089,044  
    

 

 

 
Total Financial Services

 

    33,412,753  
Food Products – 0.9%

 

Archer-Daniels-Midland Co.

     9,202       695,303  

Bunge Ltd.

     2,612       246,442  

Campbell Soup Co.

     3,933       179,777  

Conagra Brands, Inc.

     8,845       298,253  

General Mills, Inc.

     10,507       805,887  

Hershey Co.

     2,838       708,649  

Hormel Foods Corp.

     6,768       272,209  

J.M. Smucker Co.

     2,095       309,369  

Kellogg Co.

     4,878       328,777  

Kraft Heinz Co.

     17,153       608,931  

Lamb Weston Holdings, Inc.

     2,685       308,641  

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

     4,322       377,008  

Mondelez International, Inc., Class A

     28,408       2,072,080  

Tyson Foods, Inc., Class A

     6,325       322,828  
    

 

 

 
Total Food Products

 

    7,534,154  
Gas Utilities – 0.0%

 

Atmos Energy Corp.

     2,711       315,398  
Ground Transportation – 0.9%

 

CSX Corp.

     42,003       1,432,302  

JB Hunt Transport Services, Inc.

     1,730       313,182  

Norfolk Southern Corp.

     4,519       1,024,728  

Old Dominion Freight Line, Inc.

     1,819       672,575  

Uber Technologies, Inc.*

     38,956       1,681,731  

Union Pacific Corp.

     12,727       2,604,199  
    

 

 

 
Total Ground Transportation

 

    7,728,717  
Health Care Equipment & Supplies – 2.4%

 

Abbott Laboratories

     33,954       3,701,665  

Align Technology, Inc.*

     1,524       538,947  

Baxter International, Inc.

     10,058       458,243  

Becton Dickinson & Co.

     5,264       1,389,749  

Boston Scientific Corp.*

     29,397       1,590,084  

Cooper Cos., Inc.

     1,011       387,648  

Dexcom, Inc.*

     7,481       961,383  

Edwards Lifesciences Corp.*

     11,610       1,095,171  

GE HealthCare Technologies, Inc.

     7,555       613,768  

Hologic, Inc.*

     4,459       361,045  

IDEXX Laboratories, Inc.*

     1,565       785,990  

Insulet Corp.*

     983       283,438  

Intuitive Surgical, Inc.*

     6,776       2,316,985  

Medtronic PLC

     26,877       2,367,864  

ResMed, Inc.

     3,050       666,425  

STERIS PLC

     1,916       431,062  

Stryker Corp.

     7,555       2,304,955  

Zimmer Biomet Holdings, Inc.

     3,736       543,962  
    

 

 

 
Total Health Care Equipment & Supplies

 

    20,798,384  

 

See Notes to Financial Statements.

 

WisdomTree Trust      109  


Schedule of Investments (continued)

WisdomTree U.S. Efficient Core Fund (NTSX)

June 30, 2023

 

 

 

Investments    Shares     Value  
Health Care Providers & Services – 2.5%

 

AmerisourceBergen Corp.

     3,548     $ 682,742  

Cardinal Health, Inc.

     5,067       479,186  

Centene Corp.*

     11,046       745,053  

Cigna Group

     6,132       1,720,639  

CVS Health Corp.

     26,477       1,830,355  

Elevance Health, Inc.

     4,684       2,081,054  

HCA Healthcare, Inc.

     4,427       1,343,506  

Humana, Inc.

     2,296       1,026,610  

Laboratory Corp. of America Holdings

     1,850       446,461  

McKesson Corp.

     2,697       1,152,455  

Molina Healthcare, Inc.*

     883       265,995  

Quest Diagnostics, Inc.

     2,168       304,734  

UnitedHealth Group, Inc.

     19,737       9,486,392  
    

 

 

 
Total Health Care Providers & Services

 

    21,565,182  
Health Care REITs – 0.2%

 

Healthpeak Properties, Inc.

     13,682       275,008  

Ventas, Inc.

     7,874       372,204  

Welltower, Inc.

     9,777       790,862  
    

 

 

 
Total Health Care REITs

 

    1,438,074  
Health Care Technology – 0.1%

 

Veeva Systems, Inc., Class A*

     2,659       525,764  
Hotels, Restaurants & Leisure – 1.9%

 

Airbnb, Inc., Class A*

     8,109       1,039,250  

Booking Holdings, Inc.*

     803       2,168,365  

Chipotle Mexican Grill, Inc.*

     528       1,129,392  

Darden Restaurants, Inc.

     1,905       318,287  

Domino’s Pizza, Inc.

     738       248,699  

DoorDash, Inc., Class A*

     6,139       469,142  

Expedia Group, Inc.*

     2,426       265,380  

Hilton Worldwide Holdings, Inc.

     5,429       790,191  

Las Vegas Sands Corp.*

     6,995       405,710  

Marriott International, Inc., Class A

     5,908       1,085,241  

McDonald’s Corp.

     15,257       4,552,841  

MGM Resorts International

     5,998       263,432  

Starbucks Corp.

     24,115       2,388,832  

Yum! Brands, Inc.

     5,987       829,499  
    

 

 

 
Total Hotels, Restaurants & Leisure

 

    15,954,261  
Household Durables – 0.3%

 

D.R. Horton, Inc.

     4,994       607,720  

Garmin Ltd.

     3,339       348,224  

Lennar Corp., Class A

     4,492       562,892  

NVR, Inc.*

     59       374,687  

PulteGroup, Inc.

     4,115       319,653  
    

 

 

 
Total Household Durables

 

    2,213,176  
Household Products – 1.3%

 

Church & Dwight Co., Inc.

     4,549       455,946  

Clorox Co.

     2,384       379,152  

Colgate-Palmolive Co.

     16,543       1,274,473  

Kimberly-Clark Corp.

     6,733       929,558  

Procter & Gamble Co.

     50,176       7,613,706  
    

 

 

 
Total Household Products

 

    10,652,835  
Independent Power & Renewable Electricity Producers – 0.0%

 

AES Corp.

     9,726     201,620  
Industrial Conglomerates – 0.7%

 

3M Co.

     11,097       1,110,699  

General Electric Co.

     20,713       2,275,323  

Honeywell International, Inc.

     14,157       2,937,577  
    

 

 

 
Total Industrial Conglomerates

 

    6,323,599  
Industrial REITs – 0.3%

 

Prologis, Inc.

     17,819       2,185,144  
Insurance – 1.8%

 

Aflac, Inc.

     11,325       790,485  

Allstate Corp.

     5,046       550,216  

American International Group, Inc.

     14,064       809,242  

Aon PLC, Class A

     4,033       1,392,192  

Arch Capital Group Ltd.*

     6,194       463,621  

Arthur J Gallagher & Co.

     4,159       913,192  

Brown & Brown, Inc.

     5,320       366,229  

Chubb Ltd.

     8,297       1,597,670  

Cincinnati Financial Corp.

     3,022       294,101  

Everest Re Group Ltd.

     733       250,583  

Hartford Financial Services Group, Inc.

     5,591       402,664  

Loews Corp.

     3,981       236,392  

Markel Group, Inc.*

     301       416,337  

Marsh & McLennan Cos., Inc.

     9,798       1,842,808  

MetLife, Inc.

     12,752       720,871  

Principal Financial Group, Inc.

     4,148       314,584  

Progressive Corp.

     11,788       1,560,377  

Prudential Financial, Inc.

     8,326       734,520  

Travelers Cos., Inc.

     4,161       722,599  

W.R. Berkley Corp.

     4,306       256,465  

Willis Towers Watson PLC

     1,904       448,392  
    

 

 

 
Total Insurance

 

    15,083,540  
Interactive Media & Services – 4.9%

 

Alphabet, Inc., Class A*

     125,262       14,993,861  

Alphabet, Inc., Class C*

     108,889       13,172,302  

Meta Platforms, Inc., Class A*

     44,461       12,759,418  

Pinterest, Inc., Class A*

     12,697       347,136  

Snap, Inc., Class A*

     24,582       291,051  
    

 

 

 
Total Interactive Media & Services

 

    41,563,768  
IT Services – 1.3%

 

Accenture PLC, Class A

     13,952       4,305,308  

Akamai Technologies, Inc.*

     3,341       300,256  

Cloudflare, Inc., Class A*

     4,731       309,265  

Cognizant Technology Solutions Corp., Class A

     9,475       618,528  

EPAM Systems, Inc.*

     901       202,500  

Gartner, Inc.*

     1,555       544,732  

GoDaddy, Inc., Class A*

     3,183       239,139  

International Business Machines Corp.

     17,647       2,361,345  

MongoDB, Inc.*

     1,241       510,039  

Okta, Inc.*

     3,105       215,332  

Snowflake, Inc., Class A*

     6,884       1,211,446  

 

See Notes to Financial Statements.

 

110   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Efficient Core Fund (NTSX)

June 30, 2023

 

 

 

Investments    Shares     Value  

Twilio, Inc., Class A*

     3,854     $ 245,191  

VeriSign, Inc.*

     1,790       404,486  
    

 

 

 
Total IT Services

 

    11,467,567  
Life Sciences Tools & Services – 1.4%

 

Agilent Technologies, Inc.

     5,934       713,564  

Avantor, Inc.*

     8,899       182,786  

Bio-Rad Laboratories, Inc., Class A*

     486       184,252  

Bio-Techne Corp.

     3,642       297,297  

Danaher Corp.

     14,471       3,473,040  

Illumina, Inc.*

     2,809       526,659  

IQVIA Holdings, Inc.*

     3,771       847,608  

Mettler-Toledo International, Inc.*

     435       570,563  

Revvity, Inc.

     1,955       232,234  

Thermo Fisher Scientific, Inc.

     8,024       4,186,522  

Waters Corp.*

     1,194       318,249  

West Pharmaceutical Services, Inc.

     1,471       562,613  
    

 

 

 
Total Life Sciences Tools & Services

 

    12,095,387  
Machinery – 1.6%

 

Caterpillar, Inc.

     10,176       2,503,805  

Cummins, Inc.

     2,762       677,132  

Deere & Co.

     5,711       2,314,040  

Dover Corp.

     2,928       432,319  

Fortive Corp.

     6,931       518,231  

Graco, Inc.

     3,374       291,345  

IDEX Corp.

     1,474       317,293  

Illinois Tool Works, Inc.

     5,404       1,351,865  

Ingersoll Rand, Inc.

     6,825       446,082  

Nordson Corp.

     1,092       271,012  

Otis Worldwide Corp.

     8,941       795,838  

PACCAR, Inc.

     10,866       908,941  

Parker-Hannifin Corp.

     2,754       1,074,170  

Snap-on, Inc.

     1,094       315,280  

Stanley Black & Decker, Inc.

     3,252       304,745  

Toro Co.

     1,948       198,014  

Westinghouse Air Brake Technologies Corp.

     3,728       408,850  

Xylem, Inc.

     3,224       363,087  
    

 

 

 
Total Machinery

 

    13,492,049  
Media – 0.7%

 

Charter Communications, Inc., Class A*

     2,694       989,695  

Comcast Corp., Class A

     88,699       3,685,444  

Interpublic Group of Cos., Inc.

     7,192       277,467  

Omnicom Group, Inc.

     4,219       401,438  

Trade Desk, Inc., Class A*

     8,373       646,563  
    

 

 

 
Total Media

 

    6,000,607  
Metals & Mining – 0.4%

 

Freeport-McMoRan, Inc.

     26,635       1,065,400  

Newmont Corp.

     16,006       682,816  

Nucor Corp.

     4,569       749,225  

Reliance Steel & Aluminum Co.

     1,034       280,824  

Steel Dynamics, Inc.

     3,265       355,656  
    

 

 

 
Total Metals & Mining

 

    3,133,921  
Multi-Utilities – 0.6%

 

Ameren Corp.

     5,125     418,559  

CenterPoint Energy, Inc.

     10,400       303,160  

CMS Energy Corp.

     5,909       347,154  

Consolidated Edison, Inc.

     6,746       609,838  

Dominion Energy, Inc.

     15,652       810,617  

DTE Energy Co.

     3,487       383,640  

NiSource, Inc.

     8,530       233,295  

Public Service Enterprise Group, Inc.

     9,987       625,286  

Sempra Energy

     5,856       852,575  

WEC Energy Group, Inc.

     6,138       541,617  
    

 

 

 
Total Multi-Utilities

 

    5,125,741  
Office REITs – 0.0%

 

Alexandria Real Estate Equities, Inc.

     3,330       377,922  
Oil, Gas & Consumable Fuels – 3.4%

 

APA Corp.

     5,502       188,003  

Cheniere Energy, Inc.

     4,760       725,234  

Chevron Corp.

     34,336       5,402,770  

ConocoPhillips

     24,175       2,504,772  

Coterra Energy, Inc.

     14,968       378,690  

Devon Energy Corp.

     12,094       584,624  

Diamondback Energy, Inc.

     3,792       498,117  

EOG Resources, Inc.

     11,918       1,363,896  

EQT Corp.

     7,348       302,223  

Exxon Mobil Corp.

     81,024       8,689,824  

Hess Corp.

     4,585       623,331  

Kinder Morgan, Inc.

     41,416       713,184  

Marathon Oil Corp.

     11,931       274,652  

Marathon Petroleum Corp.

     9,058       1,056,163  

Occidental Petroleum Corp.

     14,343       843,368  

ONEOK, Inc.

     8,838       545,481  

Phillips 66

     9,134       871,201  

Pioneer Natural Resources Co.

     4,135       856,689  

Targa Resources Corp.

     4,510       343,211  

Texas Pacific Land Corp.

     147       193,525  

Valero Energy Corp.

     7,231       848,196  

Williams Cos., Inc.

     22,752       742,398  
    

 

 

 
Total Oil, Gas & Consumable Fuels

 

    28,549,552  
Passenger Airlines – 0.2%

 

Delta Air Lines, Inc.*

     13,850       658,429  

Southwest Airlines Co.

     11,763       425,938  

United Airlines Holdings, Inc.*

     5,979       328,068  
    

 

 

 
Total Passenger Airlines

 

    1,412,435  
Personal Care Products – 0.1%

 

Estee Lauder Cos., Inc., Class A

     4,852       952,836  
Pharmaceuticals – 3.7%

 

Bristol-Myers Squibb Co.

     41,493       2,653,477  

Eli Lilly & Co.

     16,980       7,963,281  

Johnson & Johnson

     54,195       8,970,357  

Merck & Co., Inc.

     50,524       5,829,964  

Pfizer, Inc.

     113,141       4,150,012  

Royalty Pharma PLC, Class A

     6,464       198,703  

 

See Notes to Financial Statements.

 

WisdomTree Trust      111  


Schedule of Investments (continued)

WisdomTree U.S. Efficient Core Fund (NTSX)

June 30, 2023

 

 

 

Investments    Shares     Value  

Viatris, Inc.

     25,088     $ 250,378  

Zoetis, Inc.

     9,467       1,630,312  
    

 

 

 
Total Pharmaceuticals

 

    31,646,484  
Professional Services – 0.7%

 

Automatic Data Processing, Inc.

     8,188       1,799,641  

Booz Allen Hamilton Holding Corp.

     2,473       275,987  

Broadridge Financial Solutions, Inc.

     2,269       375,814  

CoStar Group, Inc.*

     7,947       707,283  

Equifax, Inc.

     2,097       493,424  

Jacobs Solutions, Inc.

     2,290       272,258  

Leidos Holdings, Inc.

     2,685       237,569  

Paychex, Inc.

     6,237       697,733  

Paycom Software, Inc.

     1,195       383,882  

SS&C Technologies Holdings, Inc.

     5,157       312,514  

Verisk Analytics, Inc.

     3,095       699,563  
    

 

 

 
Total Professional Services

 

    6,255,668  
Real Estate Management & Development – 0.1%

 

CBRE Group, Inc., Class A*

     6,508       525,261  
Residential REITs – 0.3%

 

AvalonBay Communities, Inc.

     2,162       409,202  

Equity LifeStyle Properties, Inc.

     3,849       257,460  

Equity Residential

     5,233       345,221  

Essex Property Trust, Inc.

     1,422       333,174  

Invitation Homes, Inc.

     9,144       314,554  

Mid-America Apartment Communities, Inc.

     2,650       402,429  

Sun Communities, Inc.

     1,893       246,961  

UDR, Inc.

     7,020       301,579  
    

 

 

 
Total Residential REITs

 

    2,610,580  
Retail REITs – 0.2%

 

Kimco Realty Corp.

     10,147       200,099  

Realty Income Corp.

     13,505       807,464  

Simon Property Group, Inc.

     6,578       759,627  
    

 

 

 
Total Retail REITs

 

    1,767,190  
Semiconductors & Semiconductor Equipment – 6.3%

 

Advanced Micro Devices, Inc.*

     33,466       3,812,112  

Analog Devices, Inc.

     10,750       2,094,207  

Applied Materials, Inc.

     16,653       2,407,025  

Broadcom, Inc.

     7,006       6,077,215  

Enphase Energy, Inc.*

     2,642       442,482  

Entegris, Inc.

     2,447       271,177  

First Solar, Inc.*

     2,091       397,478  

Intel Corp.

     82,901       2,772,209  

KLA Corp.

     2,805       1,360,481  

Lam Research Corp.

     2,648       1,702,293  

Marvell Technology, Inc.

     15,661       936,215  

Microchip Technology, Inc.

     11,146       998,570  

Micron Technology, Inc.

     20,208       1,275,327  

Monolithic Power Systems, Inc.

     837       452,173  

NVIDIA Corp.

     49,440       20,914,109  

ON Semiconductor Corp.*

     7,692       727,509  

QUALCOMM, Inc.

     21,982       2,616,737  

Skyworks Solutions, Inc.

     3,398       376,125  

SolarEdge Technologies, Inc.*

     1,124     302,412  

Teradyne, Inc.

     2,667       296,917  

Texas Instruments, Inc.

     18,056       3,250,441  
    

 

 

 
Total Semiconductors & Semiconductor Equipment

 

    53,483,214  
Software – 10.0%

 

Adobe, Inc.*

     9,192       4,494,796  

ANSYS, Inc.*

     1,721       568,395  

Atlassian Corp., Class A*

     2,162       362,805  

Autodesk, Inc.*

     4,486       917,880  

Cadence Design Systems, Inc.*

     5,471       1,283,059  

Crowdstrike Holdings, Inc., Class A*

     4,723       693,667  

Datadog, Inc., Class A*

     6,478       637,306  

DocuSign, Inc.*

     4,431       226,380  

Fair Isaac Corp.*

     470       380,329  

Fortinet, Inc.*

     13,311       1,006,179  

HubSpot, Inc.*

     945       502,825  

Intuit, Inc.

     5,513       2,526,001  

Microsoft Corp.

     156,400       53,260,456  

Oracle Corp.

     32,935       3,922,229  

Palantir Technologies, Inc., Class A*

     40,228       616,695  

Palo Alto Networks, Inc.*

     6,401       1,635,520  

PTC, Inc.*

     2,107       299,826  

Roper Technologies, Inc.

     1,934       929,867  

Salesforce, Inc.*

     21,127       4,463,290  

ServiceNow, Inc.*

     4,008       2,252,376  

Splunk, Inc.*

     3,138       332,910  

Synopsys, Inc.*

     3,036       1,321,905  

Tyler Technologies, Inc.*

     886       368,992  

VMware, Inc., Class A*

     4,934       708,966  

Workday, Inc., Class A*

     4,058       916,662  

Zoom Video Communications, Inc., Class A*

     5,489       372,593  
    

 

 

 
Total Software

 

    85,001,909  
Specialized REITs – 1.0%

 

American Tower Corp.

     9,837       1,907,788  

Crown Castle, Inc.

     9,253       1,054,287  

Digital Realty Trust, Inc.

     6,056       689,597  

Equinix, Inc.

     1,837       1,440,098  

Extra Space Storage, Inc.

     2,204       328,065  

Gaming & Leisure Properties, Inc.

     4,914       238,132  

Iron Mountain, Inc.

     5,594       317,851  

Public Storage

     3,174       926,427  

SBA Communications Corp.

     2,205       511,031  

VICI Properties, Inc.

     18,054       567,437  

Weyerhaeuser Co.

     12,381       414,887  
    

 

 

 
Total Specialized REITs

 

    8,395,600  
Specialty Retail – 1.8%

 

AutoZone, Inc.*

     329       820,315  

Best Buy Co., Inc.

     4,170       341,732  

Home Depot, Inc.

     21,453       6,664,160  

Lowe’s Cos., Inc.

     12,337       2,784,461  

O’Reilly Automotive, Inc.*

     1,238       1,182,661  

Ross Stores, Inc.

     6,151       689,712  

TJX Cos., Inc.

     24,203       2,052,172  

 

See Notes to Financial Statements.

 

112   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. Efficient Core Fund (NTSX)

June 30, 2023

 

 

 

Investments    Shares     Value  

Tractor Supply Co.

     2,303     $ 509,193  

Ulta Beauty, Inc.*

     991       466,360  
    

 

 

 
Total Specialty Retail

 

    15,510,766  
Technology Hardware, Storage & Peripherals – 7.3%

 

Apple, Inc.

     312,980       60,708,731  

Hewlett Packard Enterprise Co.

     26,983       453,314  

HP, Inc.

     17,952       551,306  

NetApp, Inc.

     2,746       209,794  
    

 

 

 
Total Technology Hardware, Storage & Peripherals

 

    61,923,145  
Textiles, Apparel & Luxury Goods – 0.4%

 

Lululemon Athletica, Inc.*

     2,192       829,672  

NIKE, Inc., Class B

     25,601       2,825,582  
    

 

 

 
Total Textiles, Apparel & Luxury Goods

 

    3,655,254  
Tobacco – 0.5%

 

Altria Group, Inc.

     35,511       1,608,648  

Philip Morris International, Inc.

     28,338       2,766,356  
    

 

 

 
Total Tobacco

 

    4,375,004  
Trading Companies & Distributors – 0.2%

 

Fastenal Co.

     10,930       644,761  

United Rentals, Inc.

     1,368       609,266  

W.W. Grainger, Inc.

     933       735,754  
    

 

 

 
Total Trading Companies & Distributors

 

    1,989,781  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     4,000     571,000  
Wireless Telecommunication Services – 0.2%

 

T-Mobile US, Inc.*

     12,902       1,792,088  
Total United States

 

    774,502,751  
TOTAL INVESTMENTS IN SECURITIES – 91.3%
(Cost: $717,185,738)

 

    778,687,384  

Other Assets less Liabilities – 8.7%

 

    74,308,350  
    

 

 

 
NET ASSETS – 100.0%

 

  $ 852,995,734  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FUTURES CONTRACTS (EXCHANGE-TRADED)  
Long Exposure   Contracts     Expiration
Date
    Notional
Value
    Unrealized
Depreciation
 

2 Year U.S. Treasury Note

    479       9/29/23     $ 97,401,656     $ (1,354,605

5 Year U.S. Treasury Note

    901       9/29/23       96,491,469       (1,938,517

10 Year U.S. Treasury Note

    859       9/20/23       96,436,172       (1,819,864

U.S. Treasury Long Bond

    767       9/20/23       97,337,094       (251,377

Ultra 10 Year U.S. Treasury Note

    818       9/20/23       96,881,875       (1,195,068
      $ 484,548,266     $ (6,559,431

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

           

Interactive Media & Services

   $ 41,563,768      $      $ 0    $ 41,563,768  

Other

     737,123,616                      737,123,616  

Total Investments in Securities

   $ 778,687,384      $      $ 0      $ 778,687,384  

Liabilities:

 

     

Financial Derivative Instruments

  

Futures Contracts1

   $ (6,559,431    $      $      $ (6,559,431

Total – Net

   $ 772,127,953      $      $ 0      $ 772,127,953  

 

* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

1 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      113  


Schedule of Investments

WisdomTree Artificial Intelligence and Innovation Fund (WTAI)

June 30, 2023

 

 

 

Investments    Shares     Value  
COMMON STOCKS – 99.9%     
Australia – 1.2%

 

IT Services – 0.7%

 

Appen Ltd.*

     528,831     $ 841,319  
Software – 0.5%

 

BrainChip Holdings Ltd.*(a)

     2,850,529       692,571  
Total Australia

 

    1,533,890  
Canada – 1.4%

 

Software – 1.4%

 

Kinaxis, Inc.*

     11,684       1,671,476  
China – 2.7%

 

Automobile Components – 0.9%

 

Nexteer Automotive Group Ltd.

     2,050,000       1,069,916  
Semiconductors & Semiconductor Equipment – 1.8%

 

NXP Semiconductors NV

     10,915       2,234,082  
Total China

 

    3,303,998  
Germany – 1.9%

 

Semiconductors & Semiconductor Equipment – 1.9%

 

Infineon Technologies AG

     57,144       2,355,673  
Israel – 2.4%

 

Automobile Components – 1.2%

 

Mobileye Global, Inc., Class A*

     38,318       1,472,178  
Health Care Equipment & Supplies – 0.3%

 

Nano-X Imaging Ltd.*

     24,978       386,909  
Technology Hardware, Storage & Peripherals – 0.9%

 

Nano Dimension Ltd., ADR*(a)

     382,484       1,105,379  
Total Israel

 

    2,964,466  
Japan – 4.7%

 

Automobile Components – 1.2%

 

Denso Corp.

     22,396       1,494,513  
Electronic Equipment, Instruments & Components – 1.1%

 

Omron Corp.

     21,825       1,323,981  
Machinery – 1.1%

 

FANUC Corp.

     39,815       1,386,163  
Software – 1.3%

 

Appier Group, Inc.*

     133,100       1,610,627  
Total Japan

 

    5,815,284  
Netherlands – 1.9%

 

Semiconductors & Semiconductor Equipment – 1.9%

 

ASML Holding NV, Registered shares

     3,147       2,280,788  
South Korea – 3.2%

 

Semiconductors & Semiconductor Equipment – 1.7%

 

SK Hynix, Inc.

     23,738       2,075,375  
Technology Hardware, Storage & Peripherals – 1.5%

 

Samsung Electronics Co. Ltd.

     32,855       1,800,274  
Total South Korea

 

    3,875,649  
Sweden – 0.9%

 

Electronic Equipment, Instruments & Components – 0.9%

 

Hexagon AB, Class B

     91,863       1,129,013  
Switzerland – 2.0%

 

Semiconductors & Semiconductor Equipment – 2.0%

 

STMicroelectronics NV

     50,239     2,497,453  
Taiwan – 4.3%

 

Semiconductors & Semiconductor Equipment – 4.3%

 

Alchip Technologies Ltd.

     47,300       2,726,115  

Taiwan Semiconductor Manufacturing Co. Ltd., ADR

     25,206       2,543,790  
    

 

 

 
Total Taiwan

 

    5,269,905  
United Kingdom – 0.6%

 

Biotechnology – 0.6%

 

Exscientia PLC, ADR*

     122,724       726,526  
United States – 72.7%

 

Aerospace & Defense – 0.9%

 

Lockheed Martin Corp.

     2,445       1,125,629  
Automobile Components – 0.9%

 

Luminar Technologies, Inc.*(a)

     153,623       1,056,926  
Automobiles – 1.3%

 

Tesla, Inc.*

     5,954       1,558,579  
Biotechnology – 0.7%

 

Bioxcel Therapeutics, Inc.*

     48,265       321,445  

Recursion Pharmaceuticals, Inc., Class A*

     79,159       591,318  
Total Biotechnology

 

    912,763  
Broadline Retail – 1.1%

 

Amazon.com, Inc.*

     10,075       1,313,377  
Electrical Equipment – 0.4%

 

Stem, Inc.*(a)

     77,439       442,951  
Electronic Equipment, Instruments & Components – 1.0%

 

Cognex Corp.

     22,047       1,235,073  
Entertainment – 1.1%

 

ROBLOX Corp., Class A*

     32,388       1,305,236  
Health Care Equipment & Supplies – 1.1%

 

Intuitive Surgical, Inc.*

     4,155       1,420,761  
Insurance – 0.5%

 

Lemonade, Inc.*(a)

     34,462       580,685  
Interactive Media & Services – 3.9%

 

Alphabet, Inc., Class A*

     18,033       2,158,550  

Meta Platforms, Inc., Class A*

     9,020       2,588,560  
    

 

 

 
Total Interactive Media & Services

 

    4,747,110  
IT Services – 2.3%

 

Snowflake, Inc., Class A*

     6,033       1,061,687  

Twilio, Inc., Class A*

     28,764       1,829,966  
    

 

 

 
Total IT Services

 

    2,891,653  
Life Sciences Tools & Services – 0.6%

 

Illumina, Inc.*

     4,241       795,145  
Machinery – 2.2%

 

Deere & Co.

     3,103       1,257,304  

Symbotic, Inc.*(a)

     34,316       1,469,068  
    

 

 

 
Total Machinery

 

    2,726,372  

 

See Notes to Financial Statements.

 

114   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Artificial Intelligence and Innovation Fund (WTAI)

June 30, 2023

 

 

 

Investments    Shares     Value  
Semiconductors & Semiconductor Equipment – 21.8%

 

Advanced Micro Devices, Inc.*

     21,769     $ 2,479,707  

Ambarella, Inc.*

     27,052       2,263,441  

Analog Devices, Inc.

     11,483       2,237,003  

Ceva, Inc.*

     34,646       885,205  

GLOBALFOUNDRIES, Inc.*

     31,729       2,049,059  

Lattice Semiconductor Corp.*

     25,280       2,428,650  

Micron Technology, Inc.

     31,725       2,002,165  

NVIDIA Corp.

     7,321       3,096,929  

ON Semiconductor Corp.*

     22,067       2,087,097  

QUALCOMM, Inc.

     17,059       2,030,703  

Synaptics, Inc.*

     20,864       1,781,368  

Teradyne, Inc.

     18,577       2,068,177  

Wolfspeed, Inc.*(a)

     23,180       1,288,576  
    

 

 

 
Total Semiconductors & Semiconductor Equipment

 

    26,698,080  
Software – 29.7%

 

Altair Engineering, Inc., Class A*

     18,837       1,428,598  

Alteryx, Inc., Class A*

     33,158       1,505,373  

ANSYS, Inc.*

     5,796       1,914,245  

Appian Corp., Class A*

     36,131       1,719,835  

Autodesk, Inc.*

     4,706       962,895  

C3.ai, Inc., Class A*(a)

     53,587       1,952,174  

Cadence Design Systems, Inc.*

     10,179       2,387,179  

Cerence, Inc.*

     82,194       2,402,531  

Crowdstrike Holdings, Inc., Class A*

     9,019       1,324,620  

CS Disco, Inc.*(a)

     106,056       871,780  

Dynatrace, Inc.*

     32,904       1,693,569  

Elastic NV*

     19,893       1,275,539  

Microsoft Corp.

     6,831       2,326,229  

Procore Technologies, Inc.*

     17,281       1,124,475  

PROS Holdings, Inc.*

     57,389       1,767,581  

PTC, Inc.*

     7,753       1,103,252  

Samsara, Inc., Class A*

     67,007       1,856,764  

SentinelOne, Inc., Class A*(a)

     67,487     1,019,054  

ServiceNow, Inc.*

     3,478       1,954,532  

Synopsys, Inc.*

     5,669       2,468,339  

UiPath, Inc., Class A*

     104,838       1,737,166  

Unity Software, Inc.*

     29,807       1,294,220  

Veritone, Inc.*

     99,558       390,267  
    

 

 

 
Total Software

 

    36,480,217  
Technology Hardware, Storage & Peripherals – 3.2%

 

Apple, Inc.

     7,500       1,454,775  

IonQ, Inc.*

     179,206       2,424,657  
    

 

 

 
Total Technology Hardware, Storage & Peripherals

 

    3,879,432  
Total United States

 

    89,169,989  
TOTAL COMMON STOCKS
(Cost: $118,257,980)

 

    122,594,110  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.4%

 

United States – 3.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.11%(b)

    
(Cost: $4,153,686)      4,153,686       4,153,686  
TOTAL INVESTMENTS IN SECURITIES – 103.3%
(Cost: $122,411,666)

 

    126,747,796  

Other Assets less Liabilities – (3.3)%

 

    (4,074,306
    

 

 

 
NET ASSETS – 100.0%

 

  $ 122,673,490  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,238,651 and the total market value of the collateral held by the Fund was $6,428,137. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,274,451.

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

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

    7/3/2023       18,016       USD       2,600,000       JPY      $ 28      $  

Bank of Montreal

    7/3/2023       580,320       HKD       74,045       USD        8         

Bank of Montreal

    7/3/2023       322,400       HKD       41,136       USD        4         

Bank of Montreal

    7/4/2023       1,000       CAD       108,957       JPY        2         

Deutsche Bank AG

    7/4/2023       90,000       AUD       8,653,473       JPY        37         

JP Morgan Chase Bank NA

    7/3/2023       35,600       HKD       657,851       JPY               (9

JP Morgan Chase Bank NA

    7/3/2023       181,924       USD       167,000       EUR               (273

State Street Bank and Trust

    7/3/2023       12,500,000       TWD       401,568       USD               (213
                                             $ 79      $ (495

 

See Notes to Financial Statements.

 

WisdomTree Trust      115  


Schedule of Investments (concluded)

WisdomTree Artificial Intelligence and Innovation Fund (WTAI)

June 30, 2023

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 122,594,110      $      $      $ 122,594,110  

Investment of Cash Collateral for Securities Loaned

            4,153,686               4,153,686  

Total Investments in Securities

   $ 122,594,110      $ 4,153,686      $      $ 126,747,796  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ 79      $      $ 79  

Liabilities:

 

     

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (495    $      $ (495

Total – Net

   $ 122,594,110      $ 4,153,270      $      $ 126,747,380  
1 

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

 

See Notes to Financial Statements.

 

116   WisdomTree Trust


Schedule of Investments

WisdomTree Battery Value Chain and Innovation Fund (WBAT)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Australia – 3.9%      
Metals & Mining – 3.9%      

Allkem Ltd.*

     3,913      $ 41,727  

Argosy Minerals Ltd.*(a)

     70,490        18,300  

IGO Ltd.

     1,309        13,244  

Mincor Resources NL*

     13,643        12,714  

Mineral Resources Ltd.

     774        36,802  

Pilbara Minerals Ltd.

     12,089        39,350  

Syrah Resources Ltd.*

     68,332        41,164  
Total Australia               203,301  
Belgium – 0.5%      
Chemicals – 0.5%      

Umicore SA

     903        25,211  
Brazil – 0.8%      
Metals & Mining – 0.8%      

Sigma Lithium Corp.*

     975        39,293  
Canada – 2.7%      
Commercial Services & Supplies – 0.5%      

Li-Cycle Holdings Corp.*(a)

     4,749        26,357  
Electrical Equipment – 2.2%      

Ballard Power Systems, Inc.*(a)

     26,290        114,624  
Total Canada               140,981  
Chile – 0.5%      
Chemicals – 0.5%      

Sociedad Quimica y Minera de Chile SA, ADR

     340        24,691  
China – 23.4%      
Automobiles – 0.1%      

BYD Co. Ltd., Class A

     200        7,100  
Chemicals – 8.4%      

Do-Fluoride New Materials Co. Ltd., Class A

     11,180        30,521  

Ganfeng Lithium Group Co. Ltd., Class A

     1,700        14,245  

Guangzhou Tinci Materials Technology Co. Ltd., Class A

     5,700        32,273  

Guizhou Red Star Developing Co. Ltd., Class A

     3,700        7,339  

Hunan Changyuan Lico Co. Ltd., Class A

     23,644        36,629  

Ningbo Shanshan Co. Ltd., Class A

     7,000        14,568  

Shanghai Putailai New Energy Technology Co. Ltd., Class A

     4,605        24,194  

Shenzhen Capchem Technology Co. Ltd., Class A

     4,640        33,096  

Shenzhen Dynanonic Co. Ltd., Class A

     2,080        31,517  

Shenzhen Senior Technology Material Co. Ltd., Class A

     11,600        27,410  

Shinghwa Advanced Material Group Co. Ltd., Class A

     3,200        26,063  

Sichuan Yahua Industrial Group Co. Ltd., Class A

     3,800        9,287  

Tianqi Lithium Corp., Class A

     2,300        22,103  

Wanhua Chemical Group Co. Ltd., Class A

     800        9,660  

Xiangtan Electrochemical Scientific Co. Ltd., Class A*

     42,200        73,149  

Yunnan Energy New Material Co. Ltd., Class A*

     2,000        26,489  

Zangge Mining Co. Ltd., Class A

     3,100        9,618  

Zhejiang Yongtai Technology Co. Ltd., Class A

     4,500        9,458  
     

 

 

 
Total Chemicals               437,619  
Construction & Engineering – 0.4%      

China Energy Engineering Corp. Ltd., Class H(a)

     164,000      20,090  
Electrical Equipment – 10.0%      

Beijing Easpring Material Technology Co. Ltd., Class A

     5,000        34,592  

Camel Group Co. Ltd., Class A

     48,300        61,613  

Contemporary Amperex Technology Co. Ltd., Class A

     540        16,983  

Eve Energy Co. Ltd., Class A

     1,700        14,138  

Fangda Carbon New Material Co. Ltd., Class A*

     9,800        8,352  

Farasis Energy Gan Zhou Co. Ltd., Class A*

     5,482        16,269  

Gotion High-tech Co. Ltd., Class A*

     7,200        27,336  

Guangzhou Great Power Energy & Technology Co. Ltd., Class A*

     2,200        14,528  

Guangzhou Zhiguang Electric Co. Ltd., Class A*

     8,300        9,458  

Jiangsu Zhongtian Technology Co. Ltd., Class A

     9,900        21,651  

Jiangxi Special Electric Motor Co. Ltd., Class A*

     5,800        9,504  

NARI Technology Co. Ltd., Class A

     11,304        35,894  

Ningbo Ronbay New Energy Technology Co. Ltd., Class A

     3,151        23,398  

Qingdao TGOOD Electric Co. Ltd., Class A*

     24,400        69,697  

Shenzhen Clou Electronics Co. Ltd., Class A*

     16,300        16,424  

Sungrow Power Supply Co. Ltd., Class A

     2,100        33,667  

Sunwoda Electronic Co. Ltd., Class A

     7,300        16,377  

Zhejiang Narada Power Source Co. Ltd., Class A*

     34,600        92,079  
     

 

 

 
Total Electrical Equipment               521,960  
Energy Equipment & Services – 0.2%      

Cangzhou Mingzhu Plastic Co. Ltd., Class A

     14,600        9,091  
Industrial Conglomerates – 0.3%      

China Baoan Group Co. Ltd., Class A

     10,000        16,592  
Metals & Mining – 4.0%      

Baotailong New Materials Co. Ltd., Class A*

     17,000        8,389  

GEM Co. Ltd., Class A*

     116,800        110,943  

Nanjing Hanrui Cobalt Co. Ltd., Class A

     6,100        27,176  

Tibet Mineral Development Co., Class A*

     3,300        13,441  

Xiamen Tungsten Co. Ltd., Class A

     5,100        13,341  

Youngy Co. Ltd., Class A

     1,400        12,861  

Zhejiang Huayou Cobalt Co. Ltd., Class A

     3,300        20,826  
     

 

 

 
Total Metals & Mining               206,977  
Total China               1,219,429  
Finland – 2.4%      
Machinery – 2.4%      

Wartsila Oyj Abp

     11,232        126,401  
France – 2.1%      
Aerospace & Defense – 0.9%      

Airbus SE

     329        47,509  
Automobiles – 0.3%      

Renault SA

     420        17,678  
Construction Materials – 0.3%      

Imerys SA

     326        12,697  
Electrical Equipment – 0.4%      

Schneider Electric SE

     113        20,522  

 

See Notes to Financial Statements.

 

WisdomTree Trust      117  


Schedule of Investments (continued)

WisdomTree Battery Value Chain and Innovation Fund (WBAT)

June 30, 2023

 

 

 

Investments    Shares      Value  
Independent Power & Renewable Electricity Producers – 0.2%

 

  

Neoen SA(b)

     378      $ 11,960  
Total France               110,366  
Germany – 7.2%      
Automobiles – 1.9%      

Bayerische Motoren Werke AG

     721        88,509  

Mercedes-Benz Group AG

     160        12,860  
     

 

 

 
Total Automobiles               101,369  
Electrical Equipment – 0.3%      

Siemens Energy AG*

     879        15,517  
Industrial Conglomerates – 1.0%      

Siemens AG, Registered Shares

     307        51,091  
Metals & Mining – 0.4%      

Aurubis AG

     236        20,222  
Multi-Utilities – 3.0%      

E.ON SE

     12,170        155,081  
Semiconductors & Semiconductor Equipment – 0.6%

 

  

SMA Solar Technology AG*

     251        30,643  
Total Germany               373,923  
Indonesia – 1.0%      
Metals & Mining – 1.0%      

Nickel Industries Ltd.

     21,128        12,447  

Vale Indonesia Tbk PT

     96,700        40,634  
Total Indonesia               53,081  
Japan – 11.5%      
Automobile Components – 0.4%      

Denso Corp.

     300        20,019  
Automobiles – 0.5%      

Honda Motor Co. Ltd., ADR

     413        12,518  

Toyota Motor Corp.

     800        12,778  
     

 

 

 
Total Automobiles               25,296  
Building Products – 0.3%      

Central Glass Co. Ltd.

     800        17,048  
Chemicals – 2.3%      

Asahi Kasei Corp.

     2,100        14,123  

Resonac Holdings Corp.

     800        12,874  

Teijin Ltd.

     1,400        13,963  

Tokai Carbon Co. Ltd.

     1,400        12,766  

UBE Corp.

     1,000        17,093  

W-Scope Corp.*

     5,400        48,644  
     

 

 

 
Total Chemicals               119,463  
Construction & Engineering – 0.2%      

Shimizu Corp.

     1,900        11,966  
Electrical Equipment – 1.3%      

GS Yuasa Corp.

     2,600        50,530  

Nippon Carbon Co. Ltd.

     600        18,037  
     

 

 

 
Total Electrical Equipment               68,567  
Electronic Equipment, Instruments & Components – 1.5%

 

  

TDK Corp.

     2,100        80,885  
Household Durables – 1.3%      

Panasonic Holdings Corp.

     5,500      66,726  
Machinery – 2.0%      

Mitsubishi Heavy Industries Ltd.

     2,200        102,150  
Metals & Mining – 1.4%      

Pacific Metals Co. Ltd.*

     1,100        11,561  

Sumitomo Metal Mining Co. Ltd.

     1,900        60,877  
     

 

 

 
Total Metals & Mining               72,438  
Oil, Gas & Consumable Fuels – 0.3%      

ENEOS Holdings, Inc.

     4,900        16,761  
Total Japan               601,319  
Netherlands – 2.4%      
Electrical Equipment – 1.8%      

Alfen NV*(a)(b)

     1,405        94,393  
Metals & Mining – 0.6%      

AMG Critical Materials NV

     628        32,538  
Total Netherlands               126,931  
Norway – 1.3%      
Electrical Equipment – 1.3%      

NEL ASA*

     55,709        65,466  
Russia – 0.0%      
Metals & Mining – 0.0%      

MMC Norilsk Nickel PJSC*

     34        0  

MMC Norilsk Nickel PJSC, ADR*

     2        0  
Total Russia               0  
South Korea – 9.3%      
Automobiles – 0.2%      

Hyundai Motor Co.

     74        11,597  
Chemicals – 0.7%      

LG Chem Ltd.

     34        17,211  

Soulbrain Co. Ltd.

     103        19,621  
     

 

 

 
Total Chemicals               36,832  
Commercial Services & Supplies – 1.3%      

Sungeel Hitech Co. Ltd.*

     660        67,620  
Construction & Engineering – 0.2%      

Hyundai Engineering & Construction Co. Ltd.

     397        11,479  
Construction Materials – 0.9%      

POSCO Future M Co. Ltd.

     174        46,615  
Electrical Equipment – 4.1%      

Doosan Fuel Cell Co. Ltd.*

     5,202        113,306  

Ecopro BM Co. Ltd.

     275        51,967  

LG Energy Solution Ltd.*

     64        26,860  

LS Electric Co. Ltd.

     361        21,726  
     

 

 

 
Total Electrical Equipment               213,859  
Electronic Equipment, Instruments & Components – 0.5%

 

  

Samsung SDI Co. Ltd.

     53        26,909  
Metals & Mining – 0.3%      

POSCO Holdings, Inc.

     56        16,490  

 

See Notes to Financial Statements.

 

118   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Battery Value Chain and Innovation Fund (WBAT)

June 30, 2023

 

 

 

Investments    Shares      Value  
Technology Hardware, Storage & Peripherals – 1.1%

 

  

CosmoAM&T Co. Ltd.*

     389      $ 55,148  
Total South Korea               486,549  
Sweden – 0.6%      
Electrical Equipment – 0.6%      

PowerCell Sweden AB*(a)

     3,860        29,997  
Switzerland – 0.4%      
Electronic Equipment, Instruments & Components – 0.4%

 

  

Landis & Gyr Group AG*

     240        20,603  
Taiwan – 1.2%      
Electronic Equipment, Instruments & Components – 1.2%

 

  

Delta Electronics, Inc.

     2,000        22,123  

Simplo Technology Co. Ltd.

     4,000        42,190  
Total Taiwan               64,313  
United Kingdom – 1.8%      
Aerospace & Defense – 1.8%      

Rolls-Royce Holdings PLC*

     49,182        94,448  
United States – 26.8%      
Aerospace & Defense – 3.8%      

Archer Aviation, Inc., Class A*

     24,751        101,974  

Boeing Co.*

     388        81,930  

Lockheed Martin Corp.

     35        16,114  
     

 

 

 
Total Aerospace & Defense               200,018  
Automobile Components – 0.4%      

Aptiv PLC*

     200        20,418  
Automobiles – 0.3%      

General Motors Co.

     467        18,008  
Chemicals – 1.8%      

Albemarle Corp.

     124        27,663  

Livent Corp.*(a)

     2,334        64,022  
     

 

 

 
Total Chemicals               91,685  
Construction & Engineering – 0.3%      

Primoris Services Corp.

     479        14,595  
Electrical Equipment – 9.5%      

Blink Charging Co.*(a)

     26,355        157,867  

Bloom Energy Corp., Class A*

     9,023        147,526  

EnerSys

     564        61,205  

FuelCell Energy, Inc.*(a)

     51,477        111,190  

GrafTech International Ltd.

     3,425        17,262  
     

 

 

 
Total Electrical Equipment               495,050  
Electronic Equipment, Instruments & Components – 1.3%

 

  

Amphenol Corp., Class A

     246        20,898  

Belden, Inc.

     222        21,234  

TE Connectivity Ltd.

     167        23,407  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     65,539  
Machinery – 0.4%      

Microvast Holdings, Inc.*(a)

     13,319        21,310  
Metals & Mining – 2.0%      

Ivanhoe Electric, Inc.*(a)

     3,655      47,661  

Piedmont Lithium, Inc.*

     1,014        58,518  
     

 

 

 
Total Metals & Mining               106,179  
Passenger Airlines – 5.0%      

Joby Aviation, Inc.*

     25,575        262,399  
Semiconductors & Semiconductor Equipment – 1.5%

 

  

Analog Devices, Inc.

     102        19,870  

Microchip Technology, Inc.

     229        20,516  

SolarEdge Technologies, Inc.*

     135        36,322  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               76,708  
Software – 0.5%      

C3.ai, Inc., Class A*(a)

     737        26,849  
Total United States               1,398,758  
TOTAL COMMON STOCKS
(Cost: $5,235,369)

 

     5,205,061  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.7%

 

United States – 9.7%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.11%(c)

     
(Cost: $505,678)      505,678        505,678  

TOTAL INVESTMENTS IN SECURITIES – 109.5%

(Cost: $5,741,047)

        5,710,739  

Other Assets less Liabilities – (9.5)%

        (493,592
     

 

 

 
NET ASSETS – 100.0%             $ 5,217,147  
* 

Non-income producing security.

 

 

This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $556,614 and the total market value of the collateral held by the Fund was $582,160. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $76,482.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

See Notes to Financial Statements.

 

WisdomTree Trust      119  


Schedule of Investments (concluded)

WisdomTree Battery Value Chain and Innovation Fund (WBAT)

June 30, 2023

 

 

 

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 Montreal

    7/3/2023       3,326       USD       480,000       JPY     $ 5     $  

JP Morgan Chase Bank NA

    7/3/2023       2,477       USD       18,000       CNH       2        

Morgan Stanley & Co. International

    7/4/2023       150       EUR       146       CHF             (0 )^ 
                                            $ 7     $ (0 )^ 
^ 

Amount represents less than $1.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

           

Metals & Mining

   $ 750,519      $      $ 0 *     $ 750,519  

Other

     4,454,542                      4,454,542  

Investment of Cash Collateral for Securities Loaned

            505,678               505,678  

Total Investments in Securities

   $ 5,205,061      $ 505,678      $ 0      $ 5,710,739  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 7      $      $ 7  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (0 )^     $      $ (0 )^ 

Total – Net

   $ 5,205,061      $ 505,685      $ 0      $ 5,710,746  
* 

Fair valuations using significant unobservable inputs were determined by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.

 

^ 

Amount represents less than $1.

 

1 

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

 

See Notes to Financial Statements.

 

120   WisdomTree Trust


Schedule of Investments

WisdomTree BioRevolution Fund (WDNA)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Australia – 0.7%      
Chemicals – 0.7%      

Nufarm Ltd.

     5,682      $ 19,252  
Belgium – 1.0%      
Chemicals – 1.0%      

Solvay SA

     263        29,353  
Canada – 0.9%      
Chemicals – 0.9%      

Nutrien Ltd.

     418        24,683  
Denmark – 2.9%      
Biotechnology – 1.0%      

Genmab A/S, ADR*

     742        28,203  
Chemicals – 1.9%      

Chr Hansen Holding A/S

     410        28,451  

Novozymes A/S, Class B

     548        25,526  
     

 

 

 
Total Chemicals               53,977  
Total Denmark               82,180  
Germany – 5.2%      
Biotechnology – 2.0%      

BioNTech SE, ADR*

     235        25,364  

CureVac NV*

     2,948        30,718  
     

 

 

 
Total Biotechnology               56,082  
Life Sciences Tools & Services – 1.2%      

Evotec SE*

     1,466        32,964  
Oil, Gas & Consumable Fuels – 1.1%      

VERBIO Vereinigte BioEnergie AG

     740        29,750  
Pharmaceuticals – 0.9%      

Bayer AG, Registered Shares

     449        24,821  
Total Germany               143,617  
Japan – 1.5%      
Biotechnology – 0.5%      

Takara Bio, Inc.

     1,200        13,683  
Pharmaceuticals – 1.0%      

Takeda Pharmaceutical Co. Ltd.

     900        28,189  
Total Japan               41,872  
Netherlands – 1.7%      
Biotechnology – 0.6%      

uniQure NV*

     1,547        17,728  
Life Sciences Tools & Services – 1.1%      

QIAGEN NV*

     656        29,540  
Total Netherlands               47,268  
Sweden – 0.7%      
Biotechnology – 0.7%      

Vitrolife AB

     992        19,231  
Switzerland – 2.4%      
Biotechnology – 1.2%      

CRISPR Therapeutics AG*(a)

     598        33,572  
Pharmaceuticals – 1.2%      

Novartis AG, Registered Shares

     320      32,191  
Total Switzerland               65,763  
United Kingdom – 2.2%      
Biotechnology – 0.5%      

Genus PLC

     475        13,080  
Life Sciences Tools & Services – 0.6%      

Oxford Nanopore Technologies PLC*

     6,284        17,033  
Pharmaceuticals – 1.1%      

AstraZeneca PLC, ADR

     420        30,060  
Total United Kingdom               60,173  
United States – 80.6%      
Biotechnology – 46.2%      

2seventy bio, Inc.*

     3,235        32,738  

Agenus, Inc.*

     20,765        33,224  

Agios Pharmaceuticals, Inc.*

     1,382        39,138  

Allogene Therapeutics, Inc.*

     6,037        30,004  

Alnylam Pharmaceuticals, Inc.*

     146        27,731  

Amgen, Inc.

     124        27,530  

Amicus Therapeutics, Inc.*

     2,628        33,008  

Arcturus Therapeutics Holdings, Inc.*

     1,091        31,290  

Arrowhead Pharmaceuticals, Inc.*

     987        35,196  

Beam Therapeutics, Inc.*

     962        30,717  

Biogen, Inc.*

     105        29,909  

BioMarin Pharmaceutical, Inc.*

     304        26,351  

Blueprint Medicines Corp.*

     645        40,764  

Bridgebio Pharma, Inc.*

     2,040        35,088  

Caribou Biosciences, Inc.*

     5,309        22,563  

Editas Medicine, Inc.*

     3,970        32,673  

Exact Sciences Corp.*

     451        42,349  

Fate Therapeutics, Inc.*

     5,013        23,862  

Geron Corp.*

     15,256        48,972  

Gilead Sciences, Inc.

     365        28,131  

Intellia Therapeutics, Inc.*

     788        32,135  

Ionis Pharmaceuticals, Inc.*

     827        33,932  

Iovance Biotherapeutics, Inc.*

     5,339        37,587  

Mirati Therapeutics, Inc.*

     768        27,748  

Moderna, Inc.*

     193        23,449  

Myriad Genetics, Inc.*

     1,354        31,386  

Natera, Inc.*

     585        28,466  

Novavax, Inc.*(a)

     3,280        24,370  

Precigen, Inc.*(a)

     9,740        11,201  

Regeneron Pharmaceuticals, Inc.*

     37        26,586  

REGENXBIO, Inc.*

     1,511        30,205  

Sarepta Therapeutics, Inc.*

     244        27,943  

Seagen, Inc.*

     145        27,907  

Stoke Therapeutics, Inc.*(a)

     1,769        18,804  

Twist Bioscience Corp.*(a)

     2,155        44,091  

Ultragenyx Pharmaceutical, Inc.*

     790        36,443  

United Therapeutics Corp.*

     135        29,801  

Veracyte, Inc.*

     1,373        34,970  

Vericel Corp.*

     1,016        38,171  

 

See Notes to Financial Statements.

 

WisdomTree Trust      121  


Schedule of Investments (concluded)

WisdomTree BioRevolution Fund (WDNA)

June 30, 2023

 

 

 

Investments    Shares      Value  

Vertex Pharmaceuticals, Inc.*

     92      $ 32,376  

Verve Therapeutics, Inc.*

     1,997        37,444  
     

 

 

 
Total Biotechnology               1,286,253  
Chemicals – 7.8%      

Amyris, Inc.*(a)

     30,911        31,838  

Corteva, Inc.

     484        27,733  

Dow, Inc.

     505        26,896  

DuPont de Nemours, Inc.

     444        31,719  

FMC Corp.

     247        25,772  

Ginkgo Bioworks Holdings, Inc.*(a)

     23,158        43,074  

Origin Materials, Inc.*(a)

     7,413        31,580  
     

 

 

 
Total Chemicals               218,612  
Food Products – 4.4%      

Archer-Daniels-Midland Co.

     367        27,731  

Benson Hill, Inc.*(a)

     7,311        9,504  

Beyond Meat, Inc.*(a)

     2,031        26,362  

Darling Ingredients, Inc.*

     502        32,023  

Tyson Foods, Inc., Class A

     521        26,592  
     

 

 

 
Total Food Products               122,212  
Health Care Providers & Services – 3.1%      

Invitae Corp.*

     21,970        24,826  

Laboratory Corp. of America Holdings

     122        29,442  

NeoGenomics, Inc.*

     1,964        31,562  
     

 

 

 
Total Health Care Providers & Services               85,830  
Life Sciences Tools & Services – 10.2%      

10X Genomics, Inc., Class A*

     557        31,103  

Agilent Technologies, Inc.

     217        26,094  

Bio-Rad Laboratories, Inc., Class A*

     57        21,610  

Bio-Techne Corp.

     335        27,346  

Danaher Corp.

     115        27,600  

Illumina, Inc.*

     134        25,124  

NanoString Technologies, Inc.*

     3,060        12,393  

Pacific Biosciences of California, Inc.*

     2,684        35,697  

Repligen Corp.*

     167        23,624  

Revvity, Inc.

     208      24,708  

Thermo Fisher Scientific, Inc.

     54        28,174  
     

 

 

 
Total Life Sciences Tools & Services               283,473  
Oil, Gas & Consumable Fuels – 2.4%      

Gevo, Inc.*(a)

     24,180        36,754  

Green Plains, Inc.*

     917        29,564  
     

 

 

 
Total Oil, Gas & Consumable Fuels               66,318  
Pharmaceuticals – 6.5%      

Catalent, Inc.*

     652        28,271  

Eli Lilly & Co.

     81        37,987  

Johnson & Johnson

     185        30,621  

Merck & Co., Inc.

     264        30,463  

Pfizer, Inc.

     692        25,383  

Zoetis, Inc.

     163        28,070  
     

 

 

 
Total Pharmaceuticals               180,795  
Total United States               2,243,493  
TOTAL COMMON STOCKS
(Cost: $3,591,301)
              2,776,885  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.7%

 

United States – 8.7%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.11%(b)

 

  
(Cost: $241,978)      241,978        241,978  

TOTAL INVESTMENTS IN SECURITIES – 108.5%

(Cost: $3,833,279)

        3,018,863  

Other Assets less Liabilities – (8.5)%

        (235,503
     

 

 

 
NET ASSETS – 100.0%             $ 2,783,360  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $279,996 and the total market value of the collateral held by the Fund was $300,323. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $58,345.

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 2,776,885      $      $      $ 2,776,885  

Investment of Cash Collateral for Securities Loaned

            241,978               241,978  

Total Investments in Securities

   $ 2,776,885      $ 241,978      $      $ 3,018,863  

 

See Notes to Financial Statements.

 

122   WisdomTree Trust


Schedule of Investments

WisdomTree Cloud Computing Fund (WCLD)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
Canada – 2.0%      
IT Services – 2.0%      

Shopify, Inc., Class A*

     219,138      $ 14,156,315  
Israel – 2.9%      
IT Services – 1.3%      

Wix.com Ltd.*

     111,903        8,755,291  
Software – 1.6%      

JFrog Ltd.*

     414,572        11,483,644  
Total Israel               20,238,935  
United States – 95.0%      
Diversified Consumer Services – 0.6%      

2U, Inc.*

     1,015,346        4,091,844  
Financial Services – 5.5%      

AvidXchange Holdings, Inc.*

     942,430        9,782,424  

Block, Inc.*

     127,398        8,480,885  

PayPal Holdings, Inc.*

     128,010        8,542,107  

Toast, Inc., Class A*(a)

     490,584        11,072,481  
     

 

 

 
Total Financial Services               37,877,897  
Health Care Technology – 2.8%      

Definitive Healthcare Corp.*(a)

     778,132        8,559,452  

Veeva Systems, Inc., Class A*

     56,055        11,083,755  
     

 

 

 
Total Health Care Technology               19,643,207  
Interactive Media & Services – 2.8%      

Vimeo, Inc.*

     2,330,267        9,600,700  

ZoomInfo Technologies, Inc.*

     371,711        9,437,742  
     

 

 

 
Total Interactive Media & Services               19,038,442  
IT Services – 14.3%      

BigCommerce Holdings, Inc., Series 1*(a)

     860,058        8,557,577  

Cloudflare, Inc., Class A*

     148,279        9,692,998  

DigitalOcean Holdings, Inc.*(a)

     270,492        10,857,549  

Fastly, Inc., Class A*

     601,032        9,478,275  

MongoDB, Inc.*

     44,839        18,428,381  

Okta, Inc.*

     129,126        8,954,888  

Snowflake, Inc., Class A*

     62,025        10,915,159  

Squarespace, Inc., Class A*

     411,543        12,980,066  

Twilio, Inc., Class A*

     135,232        8,603,460  
     

 

 

 
Total IT Services               98,468,353  
Professional Services – 2.7%      

Paycom Software, Inc.

     31,450        10,102,998  

Paylocity Holding Corp.*

     45,658        8,425,271  
     

 

 

 
Total Professional Services               18,528,269  
Software – 66.3%      

Adobe, Inc.*

     26,781        13,095,641  

Amplitude, Inc., Class A*

     658,115        7,239,265  

Appfolio, Inc., Class A*

     72,653        12,506,487  

Asana, Inc., Class A*

     612,193        13,492,734  

Atlassian Corp., Class A*

     56,697        9,514,324  

Bills Holdings, Inc.*

     102,430        11,968,945  

Blackline, Inc.*

     133,247        7,171,353  

Box, Inc., Class A*

     291,890        8,575,728  

Braze, Inc., Class A*

     306,975        13,442,435  

C3.ai, Inc., Class A*(a)

     400,866      14,603,548  

Clearwater Analytics Holdings, Inc., Class A*(a)

     499,744        7,930,937  

Confluent, Inc., Class A*

     376,831        13,305,903  

Crowdstrike Holdings, Inc., Class A*

     83,649        12,285,529  

Datadog, Inc., Class A*

     119,473        11,753,754  

DocuSign, Inc.*

     148,240        7,573,582  

Dropbox, Inc., Class A*

     450,367        12,011,288  

Elastic NV*

     158,225        10,145,387  

Everbridge, Inc.*

     273,571        7,359,060  

Five9, Inc.*

     118,820        9,796,709  

Freshworks, Inc., Class A*

     606,346        10,659,563  

Gitlab, Inc., Class A*(a)

     210,265        10,746,644  

HubSpot, Inc.*

     23,617        12,566,369  

Monday.com Ltd.*

     62,414        10,686,525  

nCino, Inc.*

     334,127        10,063,905  

New Relic, Inc.*

     126,593        8,284,246  

Olo, Inc., Class A*

     1,173,860        7,583,136  

PagerDuty, Inc.*

     313,435        7,046,019  

Procore Technologies, Inc.*

     147,568        9,602,250  

Q2 Holdings, Inc.*

     287,063        8,870,247  

Qualys, Inc.*

     80,593        10,410,198  

RingCentral, Inc., Class A*

     258,496        8,460,574  

Salesforce, Inc.*

     57,861        12,223,715  

SentinelOne, Inc., Class A*

     599,529        9,052,888  

ServiceNow, Inc.*

     21,769        12,233,525  

Smartsheet, Inc., Class A*

     220,549        8,438,205  

Sprout Social, Inc., Class A*

     156,687        7,232,672  

Tenable Holdings, Inc.*

     218,178        9,501,652  

UiPath, Inc., Class A*

     614,971        10,190,069  

Workday, Inc., Class A*

     51,439        11,619,556  

Workiva, Inc.*

     108,295        11,009,270  

Yext, Inc.*

     1,336,523        15,116,075  

Zoom Video Communications, Inc., Class A*

     125,572        8,523,827  

Zscaler, Inc.*

     72,208        10,564,030  

Zuora, Inc., Class A*

     1,073,685        11,778,324  
     

 

 

 
Total Software               456,236,093  
Total United States               653,884,105  

TOTAL COMMON STOCKS

(Cost: $936,104,029)

              688,279,355  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.0%

 

United States – 3.0%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.11%(b)

 

  
(Cost: $20,375,730)      20,375,730        20,375,730  

TOTAL INVESTMENTS IN SECURITIES – 102.9%

(Cost: $956,479,759)

 

 

     708,655,085  

Other Assets less Liabilities – (2.9)%

        (20,081,746
     

 

 

 
NET ASSETS – 100.0%             $ 688,573,339  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $41,846,345 and the total market value of the collateral held by the Fund was $42,674,074. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $22,298,344.

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

See Notes to Financial Statements.

 

WisdomTree Trust      123  


Schedule of Investments (concluded)

WisdomTree Cloud Computing Fund (WCLD)

June 30, 2023

 

 

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 688,279,355      $      $      $ 688,279,355  

Investment of Cash Collateral for Securities Loaned

            20,375,730               20,375,730  

Total Investments in Securities

   $ 688,279,355      $ 20,375,730      $      $ 708,655,085  

 

See Notes to Financial Statements.

 

124   WisdomTree Trust


Schedule of Investments

WisdomTree Cybersecurity Fund (WCBR)

June 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
Canada – 0.5%      
Software – 0.5%      

Absolute Software Corp.(a)

     15,246      $ 174,668  
Israel – 0.6%      
Communications Equipment – 0.6%      

Radware Ltd.*

     9,863        191,244  
Japan – 3.7%      
Software – 3.7%      

Digital Arts, Inc.

     3,200        129,076  

Trend Micro, Inc.

     21,900        1,052,309  
Total Japan               1,181,385  
South Korea – 2.5%      
Software – 2.5%      

Ahnlab, Inc.

     16,283        789,651  
United Kingdom – 3.2%      
Software – 3.2%      

Darktrace PLC*(a)

     258,265        1,011,961  
United States – 89.4%      
IT Services – 17.4%      

Akamai Technologies, Inc.*

     14,836        1,333,311  

Cloudflare, Inc., Class A*

     26,861        1,755,903  

Fastly, Inc., Class A*

     79,754        1,257,721  

Okta, Inc.*

     17,514        1,214,596  
     

 

 

 
Total IT Services               5,561,531  
Software – 72.0%      

A10 Networks, Inc.

     45,772        667,814  

Crowdstrike Holdings, Inc., Class A*

     11,855        1,741,144  

CyberArk Software Ltd.*

     7,634        1,193,423  

Datadog, Inc., Class A*

     21,787        2,143,405  

Elastic NV*

     26,661      1,709,503  

ForgeRock, Inc., Class A*(a)

     71,790        1,474,567  

Fortinet, Inc.*

     24,158        1,826,103  

HashiCorp, Inc., Class A*

     38,205        1,000,207  

Palo Alto Networks, Inc.*

     7,641        1,952,352  

Qualys, Inc.*

     9,057        1,169,893  

Rapid7, Inc.*

     33,713        1,526,525  

SentinelOne, Inc., Class A*(a)

     101,742        1,536,304  

Splunk, Inc.*

     8,834        937,199  

Tenable Holdings, Inc.*

     33,799        1,471,946  

Varonis Systems, Inc.*

     43,751        1,165,964  

Zscaler, Inc.*

     10,118        1,480,263  
     

 

 

 
Total Software               22,996,612  
Total United States               28,558,143  
TOTAL COMMON STOCKS
(Cost: $39,680,326)
              31,907,052  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.9%

 

United States – 2.9%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 5.11%(b)

 

  
(Cost: $916,851)      916,851        916,851  

TOTAL INVESTMENTS IN SECURITIES – 102.8%

(Cost: $40,597,177)

        32,823,903  

Other Assets less Liabilities – (2.8)%

        (894,075
     

 

 

 
NET ASSETS – 100.0%             $ 31,929,828  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2023 (See Note 2). At June 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,535,884 and the total market value of the collateral held by the Fund was $2,623,698. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,706,847.

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2023.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of June 30, 2023 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

   $ 31,907,052      $      $      $ 31,907,052  

Investment of Cash Collateral for Securities Loaned

            916,851               916,851  

Total Investments in Securities

   $ 31,907,052      $ 916,851      $      $ 32,823,903  

 

See Notes to Financial Statements.

 

WisdomTree Trust      125  


Statements of Assets and Liabilities

WisdomTree Trust

June 30, 2023

 

 

 

      WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
     WisdomTree
Emerging
Markets ESG
Fund
     WisdomTree
Emerging
Markets
ex-China Fund
     WisdomTree
International
ESG Fund
 

ASSETS:

 

Investments, at cost

   $ 222,851,855      $ 182,582,910      $ 20,373,707      $ 14,856,232      $ 10,381,492  

Foreign currency, at cost

     244,347        403,733        12,976        10,915        1,470  

Investments in securities, at value1,2 (Note 2)

     249,398,083        189,601,071        22,994,601        16,354,447        11,320,280  

Cash

     116,520        272,907        9,687        5,389        3,377  

Foreign currency, at value

     244,669        403,506        13,248        10,869        1,466  

Unrealized appreciation on foreign currency contracts

     688,188        708,213                       

Receivables:

 

Dividends

     520,073        516,479        135,471        57,109        23,422  

Securities lending income

     27,649        14,595        606               396  

Foreign tax reclaims

     774,299        146,774        473        1,269        39,407  

Foreign capital gains tax refund

                          332         

Other (Note 6)

     23,431        3,013                       

Total Assets

     251,792,912        191,666,558        23,154,086        16,429,415        11,388,348  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

     962,632        689,256                       

Payables:

 

Cash collateral received for securities loaned (Note 2)

     9,287,088        13,610,754        354,008               241,353  

Advisory fees (Note 3)

     78,614        67,143        6,089        4,334        2,754  

Service fees (Note 2)

     865        615        84        60        40  

Foreign capital gains tax

                   75,655        19,684         

Other (Note 6)

     7,029        904                       

Total Liabilities

     10,336,228        14,368,672        435,836        24,078        244,147  

NET ASSETS

   $ 241,456,684      $ 177,297,886      $ 22,718,250      $ 16,405,337      $ 11,144,201  

NET ASSETS:

 

Paid-in capital

   $ 260,214,757      $ 184,818,467      $ 31,710,067      $ 14,965,406      $ 13,789,374  

Total distributable earnings (loss)

     (18,758,073      (7,520,581      (8,991,817      1,439,931        (2,645,173

NET ASSETS

   $ 241,456,684      $ 177,297,886      $ 22,718,250      $ 16,405,337      $ 11,144,201  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     7,750,000        5,700,000        800,000        600,000        400,000  

Net asset value per share

   $ 31.16      $ 31.10      $ 28.40      $ 27.34      $ 27.86  

1 Includes market value of securities out on loan of:

   $ 14,318,629      $ 28,168,424      $ 784,182             $ 332,375  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

126   WisdomTree Trust


Statements of Assets and Liabilities (continued)

WisdomTree Trust

June 30, 2023

 

 

 

      WisdomTree
U.S. Corporate
Bond Fund
     WisdomTree
U.S. High Yield
Corporate Bond
Fund
     WisdomTree
U.S. Short-Term
Corporate Bond
Fund
     WisdomTree
Emerging
Markets
Efficient Core
Fund
     WisdomTree
International
Efficient Core
Fund
 

ASSETS:

 

Investments, at cost

   $ 9,442,621      $ 231,707,709      $ 39,566,286      $ 52,966,018      $ 223,686,477  

Foreign currency, at cost

                          69,106        704,217  

Investments in securities, at value1,2 (Note 2)

     8,764,140        212,994,740        38,030,301        48,226,938        236,412,081  

Cash

     4,511        2,300,161        32,600        3,661,293        18,367,335  

Deposits at broker for futures contracts

                          631,985        2,820,004  

Foreign currency, at value

                          68,984        698,574  

Receivables:

 

Capital shares sold

                                 32  

Dividends

                          271,358        384,210  

Securities lending income

     184        12,499        362        398        4,249  

Interest

     91,855        3,582,326        335,514                

Foreign tax reclaims

                          5,099        376,913  

Foreign capital gains tax refund

                          61         

Net variation margin on futures contracts

                          57,656        276,156  

Total Assets

     8,860,690        218,889,726        38,398,777        52,923,772        259,339,554  

LIABILITIES:

 

Payables:

 

Cash collateral received for securities loaned (Note 2)

     104,828        11,631,280        930,195        400,070        5,929,191  

Advisory fees (Note 3)

     1,294        64,627        5,558        14,015        52,235  

Service fees (Note 2)

     32        748        136        193        884  

Foreign capital gains tax

                          45,563         

Total Liabilities

     106,154        11,696,655        935,889        459,841        5,982,310  

NET ASSETS

   $ 8,754,536      $ 207,193,071      $ 37,462,888      $ 52,463,931      $ 253,357,244  

NET ASSETS:

 

Paid-in capital

   $ 12,409,403      $ 233,694,682      $ 40,473,093      $ 63,350,293      $ 255,014,814  

Total distributable earnings (loss)

     (3,654,867      (26,501,611      (3,010,205      (10,886,362      (1,657,570

NET ASSETS

   $ 8,754,536      $ 207,193,071      $ 37,462,888      $ 52,463,931      $ 253,357,244  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     200,000        4,700,000        800,000        1,900,000        7,400,000  

Net asset value per share

   $ 43.77      $ 44.08      $ 46.83      $ 27.61      $ 34.24  

1 Includes market value of securities out on loan of:

   $ 133,964      $ 12,721,366      $ 1,004,205      $ 455,225      $ 11,491,272  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      127  


Statements of Assets and Liabilities (continued)

WisdomTree Trust

June 30, 2023

 

 

 

      WisdomTree
U.S. Efficient
Core Fund
    

WisdomTree
Artificial
Intelligence and
Innovation

Fund

     WisdomTree
Battery Value
Chain and
Innovation
Fund
     WisdomTree
BioRevolution
Fund
    

WisdomTree

Cloud Computing
Fund

 

ASSETS:

              

Investments, at cost

   $ 717,185,738      $ 122,411,666      $ 5,741,047      $ 3,833,279      $ 956,479,759  

Foreign currency, at cost

            551,090        40,198        1,863         

Investments in securities, at value1,2 (Note 2)

     778,687,384        126,747,796        5,710,739        3,018,863        708,655,085  

Cash

     63,615,252        315,679        4,621        1,675        405,836  

Deposits at broker for futures contracts

     9,441,768                              

Foreign currency, at value

            550,796        11,439        1,860         

Unrealized appreciation on foreign currency contracts

            79        7                

Receivables:

              

Investment securities sold

            948,828                      797,803  

Capital shares sold

            12,597,020                      3,930,262  

Dividends

     467,842        23,816        1,169        623         

Securities lending income

     61        25,489        1,778        2,353        178,674  

Foreign tax reclaims

            264        3,655        1,016         

Net variation margin on futures contracts

     923,922                              

Total Assets

     853,136,229        141,209,767        5,733,408        3,026,390        713,967,660  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

            495        0 3               

Payables:

              

Cash collateral received for securities loaned (Note 2)

            4,153,686        505,678        241,978        20,375,730  

Investment securities purchased

            14,350,197        8,663               3,966,573  

Capital shares redeemed

                                 793,281  

Advisory fees (Note 3)

     137,471        31,590        1,901        1,042        256,232  

Service fees (Note 2)

     3,024        309        19        10        2,505  

Total Liabilities

     140,495        18,536,277        516,261        243,030        25,394,321  

NET ASSETS

   $ 852,995,734      $ 122,673,490      $ 5,217,147      $ 2,783,360      $ 688,573,339  

NET ASSETS:

              

Paid-in capital

   $ 928,546,944      $ 118,946,917      $ 5,620,342      $ 4,239,876      $ 1,259,328,306  

Total distributable earnings (loss)

     (75,551,210      3,726,573        (403,195      (1,456,516      (570,754,967

NET ASSETS

   $ 852,995,734      $ 122,673,490      $ 5,217,147      $ 2,783,360      $ 688,573,339  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     23,000,000        6,450,000        150,000        160,000        21,700,000  

Net asset value per share

   $ 37.09      $ 19.02      $ 34.78      $ 17.40      $ 31.73  

1 Includes market value of securities out on loan of:

          $ 6,238,651      $ 556,614      $ 279,996      $ 41,846,345  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

3 Amount represents less than $1.

  

 

See Notes to Financial Statements.

 

128   WisdomTree Trust


Statements of Assets and Liabilities (concluded)

WisdomTree Trust

June 30, 2023

 

 

 

      WisdomTree
Cybersecurity
Fund
 

ASSETS:

  

Investments, at cost

   $ 40,597,177  

Foreign currency, at cost

     2,515  

Investments in securities, at value1,2 (Note 2)

     32,823,903  

Cash

     29,712  

Foreign currency, at value

     2,538  

Receivables:

  

Securities lending income

     302  

Foreign tax reclaims

     2,058  

Total Assets

     32,858,513  

LIABILITIES:

  

Payables:

  

Cash collateral received for securities loaned (Note 2)

     916,851  

Advisory fees (Note 3)

     11,719  

Service fees (Note 2)

     115  

Total Liabilities

     928,685  

NET ASSETS

   $ 31,929,828  

NET ASSETS:

  

Paid-in capital

   $ 45,893,054  

Total distributable earnings (loss)

     (13,963,226

NET ASSETS

   $ 31,929,828  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     1,650,000  

Net asset value per share

   $ 19.35  

1 Includes market value of securities out on loan of:

   $ 2,535,884  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      129  


Statements of Operations

WisdomTree Trust

For the Year or Period Ended June 30, 2023

 

 

 

      WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
     WisdomTree
Emerging
Markets ESG
Fund
     WisdomTree
Emerging
Markets
ex-China Fund1
     WisdomTree
International
ESG Fund
 

INVESTMENT INCOME:

 

Dividends

   $ 11,154,356      $ 7,120,388      $ 798,665      $ 245,576      $ 327,041  

Interest

                   52        30         

Non-cash dividends

     67,189        68,357               3,549        851  

Other income (Note 6)

     10,952        4,768                       

Securities lending income, net (Note 2)

     278,715        138,829        10,654               2,285  

Less: Foreign withholding taxes on dividends

     (1,058,119      (696,313      (111,397      (42,931      (31,919

Total investment income

     10,453,093        6,636,029        697,974        206,224        298,258  

EXPENSES:

 

Advisory fees (Note 3)

     841,877        575,254        78,846        32,621        24,735  

Service fees (Note 2)

     9,261        5,273        1,084        449        363  

Other fees (Note 6)

     2,309        1,272                       

Total expenses

     853,447        581,799        79,930        33,070        25,098  

Net investment income

     9,599,646        6,054,230        618,044        173,154        273,160  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions2

     (14,912,456      (11,519,637      (1,644,400      (90,638      (289,659

In-kind redemptions

     1,744,796               118,723        233,303         

Futures contracts

                          (513       

Foreign currency contracts

     5,558,290        2,490,548        (22,457      (35,914      591  

Foreign currency related transactions

     13,230        62,509        8,098        25,968        (1,500

Net realized gain (loss)

     (7,596,140      (8,966,580      (1,540,036      132,206        (290,568

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions3

     35,627,590        16,137,185        1,712,919        1,478,531        1,173,004  

Foreign currency contracts

     (4,491,882      (1,556,958                    (1

Translation of assets and liabilities denominated in foreign currencies

     31,181        8,055        1,423        (215      2,182  

Net increase in unrealized appreciation/depreciation

     31,166,889        14,588,282        1,714,342        1,478,316        1,175,185  

Net realized and unrealized gain on investments

     23,570,749        5,621,702        174,306        1,610,522        884,617  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 33,170,395      $ 11,675,932      $ 792,350      $ 1,783,676      $ 1,157,777  

1 For the period September 22, 2022 (commencement of operations) through June 30, 2023.

  

        

2 Net of foreign capital gains (tax) and capital gain tax refund, if applicable, of:

                 $ (20,255    $ 32         

3 Includes net increase (decrease) in accrued foreign capital gain taxes of:

                 $ 49,463      $ 19,684         

 

See Notes to Financial Statements.

 

130   WisdomTree Trust


Statements of Operations (continued)

WisdomTree Trust

For the Year Ended June 30, 2023

 

 

 

      WisdomTree
U.S. Corporate
Bond Fund
     WisdomTree
U.S. High Yield
Corporate Bond
Fund
     WisdomTree
U.S. Short-Term
Corporate Bond
Fund
     WisdomTree
Emerging
Markets
Efficient Core
Fund
     WisdomTree
International
Efficient Core
Fund
 

INVESTMENT INCOME:

 

Dividends

   $      $      $      $ 1,534,910      $ 5,826,697  

Interest

     533,107        10,691,605        1,186,506        27,420        117,197  

Non-cash dividends

                                 40,474  

Securities lending income, net (Note 2)

     2,204        114,623        8,115        1,633        27,127  

Less: Foreign withholding taxes on dividends

                          (181,647      (568,542

Total investment income

     535,311        10,806,228        1,194,621        1,382,316        5,442,953  

EXPENSES:

 

Advisory fees (Note 3)

     25,282        658,767        68,644        138,562        458,209  

Service fees (Note 2)

     618        7,628        1,678        1,905        7,754  

Total expenses

     25,900        666,395        70,322        140,467        465,963  

Net investment income

     509,411        10,139,833        1,124,299        1,241,849        4,976,990  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions1

     (476,785      (6,364,365      (657,042      (1,558,904      (1,861,968

In-kind redemptions

     (4,647,018      (3,957,179      (237,813      (49,282      (1,934,815

Futures contracts

                          (1,599,782      (4,117,696

Foreign currency contracts

                          (5,517      (62,829

Foreign currency related transactions

                          (21,191      44,888  

Net realized loss

     (5,123,803      (10,321,544      (894,855      (3,234,676      (7,932,420

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions2

     4,754,188        11,069,649        317,786        2,111,764        31,492,507  

Futures contracts

                          (149,106      (1,390,887

Foreign currency contracts

                          (1,119      (554

Translation of assets and liabilities denominated in foreign currencies

                          5,031        7,707  

Net increase in unrealized appreciation/depreciation

     4,754,188        11,069,649        317,786        1,966,570        30,108,773  

Net realized and unrealized gain (loss) on investments

     (369,615      748,105        (577,069      (1,268,106      22,176,353  

Net increase from payment by affiliate (Note 3)

                   150        76         

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 139,796      $ 10,887,938      $ 547,380      $ (26,181    $ 27,153,343  

1 Net of foreign capital gains (tax) and capital gain tax refund, if applicable, of:

                        $ 61         

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

                        $ 45,563         

 

See Notes to Financial Statements.

 

WisdomTree Trust      131  


Statements of Operations (continued)

WisdomTree Trust

For the Year Ended June 30, 2023

 

 

 

      WisdomTree
U.S. Efficient
Core Fund
     WisdomTree
Artificial
Intelligence and
Innovation Fund
     WisdomTree
Battery Value
Chain and
Innovation
Fund
     WisdomTree
BioRevolution
Fund
     WisdomTree
Cloud Computing
Fund
 

INVESTMENT INCOME:

 

Dividends

   $ 10,834,476      $ 59,517      $ 82,608      $ 34,127      $ 11,562  

Interest

     444,141        169        20        3        1,517  

Non-cash dividends

                          645         

Securities lending income, net (Note 2)

     5,005        39,647        19,192        7,818        494,709  

Less: Foreign withholding taxes on dividends

     (3,224      (4,892      (10,354      (1,514       

Total investment income

     11,280,398        94,441        91,466        41,079        507,788  

EXPENSES:

 

Advisory fees (Note 3)

     1,479,351        48,787        20,682        17,550        2,888,746  

Service fees (Note 2)

     32,546        477        202        172        28,246  

Total expenses

     1,511,897        49,264        20,884        17,722        2,916,992  

Net investment income (loss)

     9,768,501        45,177        70,582        23,357        (2,409,204

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

     (29,182,356      (576,623      (313,902      (447,891      (186,172,089

In-kind redemptions

     26,972,751                      138,585        14,304,414  

Futures contracts

     (30,327,834                            

Foreign currency contracts

     70        1,213        1,736        (1,059       

Foreign currency related transactions

     (70      (4,680      26,316        1,393         

Net realized loss

     (32,537,439      (580,090      (285,850      (308,972      (171,867,675

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions

     111,859,450        4,761,459        125,617        400,673        249,232,954  

Futures contracts

     (1,800,122                            

Foreign currency contracts

            (416      5                

Translation of assets and liabilities denominated in foreign currencies

            (47      (28,707      70         

Net increase in unrealized appreciation/depreciation

     110,059,328        4,760,996        96,915        400,743        249,232,954  

Net realized and unrealized gain (loss) on investments

     77,521,889        4,180,906        (188,935      91,771        77,365,279  

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 87,290,390      $ 4,226,083      $ (118,353    $ 115,128      $ 74,956,075  

 

See Notes to Financial Statements.

 

132   WisdomTree Trust


Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended June 30, 2023

 

 

 

      WisdomTree
Cybersecurity
Fund
 

INVESTMENT INCOME:

 

Dividends

   $ 47,219  

Interest

     21  

Securities lending income, net (Note 2)

     15,383  

Less: Foreign withholding taxes on dividends

     (5,512

Total investment income

     57,111  

EXPENSES:

 

Advisory fees (Note 3)

     134,865  

Service fees (Note 2)

     1,319  

Total expenses

     136,184  

Net investment loss

     (79,073

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

     (5,499,019

In-kind redemptions

     461,108  

Foreign currency contracts

     (2,910

Foreign currency related transactions

     2,524  

Net realized loss

     (5,038,297

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions

     7,665,037  

Translation of assets and liabilities denominated in foreign currencies

     (50

Net increase in unrealized appreciation/depreciation

     7,664,987  

Net realized and unrealized gain on investments

     2,626,690  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 2,547,617  

 

See Notes to Financial Statements.

 

WisdomTree Trust      133  


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     WisdomTree Dynamic Currency
Hedged International Equity Fund
    WisdomTree Dynamic Currency
Hedged International SmallCap
Equity Fund
    WisdomTree Emerging
Markets ESG Fund
 
     For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 9,599,646     $ 7,201,966     $ 6,054,230     $ 1,958,981     $ 618,044     $ 849,512  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (7,596,140     15,745,183       (8,966,580     7,252,936       (1,540,036     (209,574

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    31,166,889       (29,913,702     14,588,282       (14,851,685     1,714,342       (9,320,275

Net increase (decrease) in net assets resulting from operations

    33,170,395       (6,966,553     11,675,932       (5,639,768     792,350       (8,680,337

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (9,482,900     (8,333,400     (7,194,351     (2,160,473     (796,205     (813,816

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    57,448,065       46,532,186       114,698,033       35,211,942             3,157,366  

Cost of shares redeemed

    (7,749,359     (24,821,425           (10,629,801     (2,758,980     (3,585,905

Net increase (decrease) in net assets resulting from capital share transactions

    49,698,706       21,710,761       114,698,033       24,582,141       (2,758,980     (428,539

Net Increase (Decrease) in Net Assets

    73,386,201       6,410,808       119,179,614       16,781,900       (2,762,835     (9,922,692

NET ASSETS:

 

Beginning of year

  $ 168,070,483     $ 161,659,675     $ 58,118,272     $ 41,336,372     $ 25,481,085     $ 35,403,777  

End of year

  $ 241,456,684     $ 168,070,483     $ 177,297,886     $ 58,118,272     $ 22,718,250     $ 25,481,085  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    6,050,000       5,300,000       1,950,000       1,200,000       900,000       900,000  

Shares created

    1,950,000       1,550,000       3,750,000       1,050,000             100,000  

Shares redeemed

    (250,000     (800,000           (300,000     (100,000     (100,000

Shares outstanding, end of year

    7,750,000       6,050,000       5,700,000       1,950,000       800,000       900,000  

 

See Notes to Financial Statements.

 

134   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

      WisdomTree
Emerging Markets
ex-China Fund
    

WisdomTree International

ESG Fund

    

WisdomTree U.S.

Corporate Bond Fund

 
      For the Period
September 22, 2022*
through
June 30, 2023
     For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
     For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 173,154      $ 273,160      $ 237,030      $ 509,411      $ 1,125,535  

Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     132,206        (290,568      (34,985      (5,123,803      (2,428,696

Net increase (decrease) in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies

     1,478,316        1,175,185        (1,695,997      4,754,188        (5,842,676

Net increase (decrease) in net assets resulting from operations

     1,783,676        1,157,777        (1,493,952      139,796        (7,145,837

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (144,810      (275,935      (238,020      (533,000      (1,197,666

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     24,616,925        2,815,724        1,484,583        9,002,751         

Cost of shares redeemed

     (9,850,554                    (40,539,588       

Net increase (decrease) in net assets resulting from capital share transactions

     14,766,371        2,815,724        1,484,583        (31,536,837       

Net Increase (Decrease) in Net Assets

     16,405,237        3,697,566        (247,389      (31,930,041      (8,343,503

NET ASSETS:

 

Beginning of period

   $ 100      $ 7,446,635      $ 7,694,024      $ 40,684,577      $ 49,028,080  

End of period

   $ 16,405,337      $ 11,144,201      $ 7,446,635      $ 8,754,536      $ 40,684,577  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

     4        300,000        250,000        900,000        900,000  

Shares created

     1,000,000        100,000        50,000        200,000         

Shares redeemed

     (400,004                    (900,000       

Shares outstanding, end of period

     600,000        400,000        300,000        200,000        900,000  

* Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      135  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree U.S. High Yield
Corporate Bond Fund
    WisdomTree U.S. Short-Term
Corporate Bond Fund
    WisdomTree Emerging Markets
Efficient Core Fund
 
     For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 10,139,833     $ 8,030,190     $ 1,124,299     $ 526,577     $ 1,241,849     $ 513,193  

Net realized loss on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    (10,321,544     (788,116     (894,855     (808,823     (3,234,676     (3,198,496

Net increase (decrease) in unrealized appreciation/depreciation on investments, futures contracts and translation of assets and liabilities denominated in foreign currencies

    11,069,649       (33,528,082     317,786       (2,297,744     1,966,570       (7,225,923

Net increase from payment by affiliate

                150             76        

Net increase (decrease) in net assets resulting from operations

    10,887,938       (26,286,008     547,380       (2,579,990     (26,181     (9,911,226

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (10,144,500     (7,906,350     (1,146,000     (651,248     (1,226,510     (378,458

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    71,527,012       82,422,563       4,808,013       15,102,248       24,464,335       51,468,255  

Cost of shares redeemed

    (36,372,679     (35,293,904     (9,503,314           (5,099,245     (8,902,363

Net increase (decrease) in net assets resulting from capital share transactions

    35,154,333       47,128,659       (4,695,301     15,102,248       19,365,090       42,565,892  

Net Increase (Decrease) in Net Assets

    35,897,771       12,936,301       (5,293,921     11,871,010       18,112,399       32,276,208  

NET ASSETS:

 

Beginning of year

  $ 171,295,300     $ 158,358,999     $ 42,756,809     $ 30,885,799     $ 34,351,532     $ 2,075,324  

End of year

  $ 207,193,071     $ 171,295,300     $ 37,462,888     $ 42,756,809     $ 52,463,931     $ 34,351,532  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    3,900,000       3,000,000       900,000       600,000       1,200,000       50,000  

Shares created

    1,600,000       1,600,000       100,000       300,000       900,000       1,450,000  

Shares redeemed

    (800,000     (700,000     (200,000           (200,000     (300,000

Shares outstanding, end of year

    4,700,000       3,900,000       800,000       900,000       1,900,000       1,200,000  

 

See Notes to Financial Statements.

 

136   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree International Efficient
Core Fund
   

WisdomTree U.S. Efficient

Core Fund

    WisdomTree Artificial Intelligence and
Innovation Fund
 
     For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2023
    For the Period
December 9, 2021*
through
June 30, 2022
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 4,976,990     $ 2,014,624     $ 9,768,501     $ 8,325,402     $ 45,177     $ 1,439  

Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    (7,932,420     (8,928,568     (32,537,439     6,067,718       (580,090     (74,061

Net increase (decrease) in unrealized appreciation/depreciation on investments, futures contracts, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    30,108,773       (19,291,690     110,059,328       (190,207,402     4,760,996       (425,354

Net increase (decrease) in net assets resulting from operations

    27,153,343       (26,205,634     87,290,390       (175,814,282     4,226,083       (497,976

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (4,844,176     (1,971,331     (9,785,910     (8,163,536     (1,534      

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    174,329,685       157,472,630       202,105,329       543,539,352       117,696,918       1,250,000  

Cost of shares redeemed

    (19,048,786     (55,527,380     (122,219,141     (183,240,518           (101

Net increase in net assets resulting from capital share transactions

    155,280,899       101,945,250       79,886,188       360,298,834       117,696,918       1,249,899  

Net Increase in Net Assets

    177,590,066       73,768,285       157,390,668       176,321,016       121,921,467       751,923  

NET ASSETS:

 

Beginning of period

  $ 75,767,178     $ 1,998,893     $ 695,605,066     $ 519,284,050     $ 752,023     $ 100  

End of period

  $ 253,357,244     $ 75,767,178     $ 852,995,734     $ 695,605,066     $ 122,673,490     $ 752,023  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    2,450,000       50,000       20,850,000       12,800,000       50,000       4  

Shares created

    5,650,000       4,050,000       5,900,000       12,750,000       6,400,000       50,000  

Shares redeemed

    (700,000     (1,650,000     (3,750,000     (4,700,000           (4

Shares outstanding, end of period

    7,400,000       2,450,000       23,000,000       20,850,000       6,450,000       50,000  

* Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      137  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree Battery Value
Chain and Innovation Fund
   

WisdomTree

BioRevolution Fund

   

WisdomTree

Cloud Computing Fund

 
     For the
Year Ended
June 30, 2023
    For the Period
February 17, 2022*
through
June 30, 2022
    For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income (loss)

  $ 70,582     $ 10,849     $ 23,357     $ 12,468     $ (2,409,204   $ (4,639,243

Net realized loss on investments, foreign currency contracts and foreign currency related transactions

    (285,850     (117,758     (308,972     (210,739     (171,867,675     (10,186,800

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    96,915       (155,958     400,743       (1,315,932     249,232,954       (595,077,204

Net increase (decrease) in net assets resulting from operations

    (118,353     (262,867     115,128       (1,514,203     74,956,075       (609,903,247

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (21,975           (15,662     (4,424            

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    3,620,339       2,000,000             3,541,300       330,272,697       874,468,867  

Cost of shares redeemed

          (117     (2,003,861           (347,305,989     (910,956,909

Net increase (decrease) in net assets resulting from capital share transactions

    3,620,339       1,999,883       (2,003,861     3,541,300       (17,033,292     (36,488,042

Net Increase (Decrease) in Net Assets

    3,480,011       1,737,016       (1,904,395     2,022,673       57,922,783       (646,391,289

NET ASSETS:

 

Beginning of period

  $ 1,737,136     $ 120     $ 4,687,755     $ 2,665,082     $ 630,650,556     $ 1,277,041,845  

End of period

  $ 5,217,147     $ 1,737,136     $ 2,783,360     $ 4,687,755     $ 688,573,339     $ 630,650,556  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    50,000       3       270,000       100,000       22,500,000       22,850,000  

Shares created

    100,000       50,000             170,000       11,650,000       20,350,000  

Shares redeemed

          (3     (110,000           (12,450,000     (20,700,000

Shares outstanding, end of period

    150,000       50,000       160,000       270,000       21,700,000       22,500,000  

* Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

  

 

See Notes to Financial Statements.

 

138   WisdomTree Trust


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     

WisdomTree

Cybersecurity Fund

 
      For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income (loss)

   $ (79,073    $ 183,248  

Net realized gain (loss) on investments and foreign currency related transactions

     (5,038,297      1,284,806  

Net increase (decrease) in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies

     7,664,987        (16,325,428

Net increase (decrease) in net assets resulting from operations

     2,547,617        (14,857,374

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (7,191      (177,112

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     761,578        33,409,139  

Cost of shares redeemed

     (4,134,087      (12,487,363

Net increase (decrease) in net assets resulting from capital share transactions

     (3,372,509      20,921,776  

Net Increase (Decrease) in Net Assets

     (832,083      5,887,290  

NET ASSETS:

 

Beginning of year

   $ 32,761,911      $ 26,874,621  

End of year

   $ 31,929,828      $ 32,761,911  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     1,840,000        1,100,000  

Shares created

     40,000        1,290,000  

Shares redeemed

     (230,000      (550,000

Shares outstanding, end of year

     1,650,000        1,840,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      139  


Financial Highlights

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Currency Hedged

International Equity Fund

  For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2021
    For the
Year Ended
June 30, 2020
    For the
Year Ended
June 30, 2019
 

Net asset value, beginning of year

  $ 27.78     $ 30.50     $ 25.40     $ 28.84     $ 28.96  

Investment operations:

 

Net investment income1

    1.36       1.34       0.91       0.80       1.04  

Net realized and unrealized gain (loss)

    3.31       (2.54     5.27       (3.44     (0.17

Total from investment operations

    4.67       (1.20     6.18       (2.64     0.87  

Dividends to shareholders:

 

Net investment income

    (1.29     (1.52     (1.08     (0.80     (0.99

Net asset value, end of year

  $ 31.16     $ 27.78     $ 30.50     $ 25.40     $ 28.84  

TOTAL RETURN2

    17.18     (4.12 )%      24.76     (9.34 )%3      3.11

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 241,457     $ 168,070     $ 161,660     $ 198,145     $ 252,362  

Ratios to average net assets of:

 

Expenses, net of expense waivers

    0.41 %4      0.41 %4      0.39     0.35     0.35

Expenses, prior to expense waivers

    0.41 %4      0.41 %4      0.40     0.40     0.40

Net investment income

    4.56     4.41     3.26     2.87     3.68

Portfolio turnover rate5

    29     35     38     17     26

 

WisdomTree Dynamic Currency Hedged

International SmallCap Equity Fund

   For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2021
     For the
Year Ended
June 30, 2020
    For the
Year Ended
June 30, 2019
 

Net asset value, beginning of year

   $ 29.80     $ 34.45     $ 26.22      $ 29.60     $ 31.50  

Investment operations:

 

Net investment income1

     1.55       1.37       0.88        0.88       1.12  

Net realized and unrealized gain (loss)

     1.40       (4.65     8.46        (3.39     (2.29

Total from investment operations

     2.95       (3.28     9.34        (2.51     (1.17

Dividends and distributions to shareholders:

 

Net investment income

     (1.31     (1.37     (1.11      (0.87     (0.73

Capital gains

     (0.34                         

Total dividends and distributions to shareholders

     (1.65     (1.37     (1.11      (0.87     (0.73

Net asset value, end of year

   $ 31.10     $ 29.80     $ 34.45      $ 26.22     $ 29.60  

TOTAL RETURN2

     10.27     (9.78 )%      36.12      (8.70 )%6      (3.70 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 177,298     $ 58,118     $ 41,336      $ 38,015     $ 34,041  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.49 %7      0.49 %7      0.47      0.43     0.43

Expenses, prior to expense waivers

     0.49 %7      0.49 %7      0.48      0.48     0.48

Net investment income

     5.05     4.06     2.86      3.08     3.77

Portfolio turnover rate5

     48     48     60      25     55
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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 0.11% lower.

 

4 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.40%.

 

5 

Portfolio turnover rate 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 

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 0.14% lower.

 

7 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.48%.

 

See Notes to Financial Statements.

 

140   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets ESG Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2021
    For the
Year Ended
June 30, 20201
    For the
Year Ended
June 30, 2019
 

Net asset value, beginning of year

   $ 28.31      $ 39.34     $ 27.90     $ 31.47     $ 30.95  

Investment operations:

 

Net investment income2

     0.69        0.99       0.62       0.93       1.21  

Net realized and unrealized gain (loss)

     0.31        (11.07     11.50       (3.44     0.38  

Total from investment operations

     1.00        (10.08     12.12       (2.51     1.59  

Dividends to shareholders:

 

Net investment income

     (0.91      (0.95     (0.68     (1.06     (1.07

Net asset value, end of year

   $ 28.40      $ 28.31     $ 39.34     $ 27.90     $ 31.47  

TOTAL RETURN3

     3.82      (25.99 )%      43.82     (8.19 )%      5.25

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 22,718      $ 25,481     $ 35,404     $ 33,482     $ 50,353  

Ratios to average net assets of:

 

Expenses

     0.32      0.32     0.32 %4,5      0.32     0.32

Net investment income

     2.51      2.88     1.79 %4      3.13     3.97

Portfolio turnover rate6

     48      57     69     130 %1      26

 

   
WisdomTree Emerging Markets ex-China Fund    For the Period
September 22, 2022*
through
June 30, 2023
 

Net asset value, beginning of period

   $ 24.73  

Investment operations:

 

Net investment income2

     0.34  

Net realized and unrealized gain

     2.51  

Total from investment operations

     2.85  

Dividends to shareholders:

 

Net investment income

     (0.24

Net asset value, end of period

   $ 27.34  

TOTAL RETURN3

     11.59

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 16,405  

Ratios to average net assets of:

 

Expenses

     0.32 %7 

Net investment income

     1.70 %7 

Portfolio turnover rate6

     85
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

The information reflects the investment objective and strategy of the WisdomTree Emerging Markets Dividend Fund through March 15, 2020 and the investment objective and strategy of the WisdomTree Emerging Markets ESG Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change.

 

2 

Based on average shares outstanding.

 

3 

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 Emerging Markets ESG Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

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.

 

7 

Annualized.

 

See Notes to Financial Statements.

 

WisdomTree Trust      141  


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International ESG Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2021
     For the
Year Ended
June 30, 20201
    For the
Year Ended
June 30, 2019
 

Net asset value, beginning of year

   $ 24.82      $ 30.78     $ 24.48      $ 23.96     $ 24.67  

Investment operations:

 

Net investment income2

     0.86        0.87       0.51        0.46       0.49  

Net realized and unrealized gain (loss)

     2.99        (5.98     6.52        0.73 3      0.02  

Total from investment operations

     3.85        (5.11     7.03        1.19       0.51  

Dividends and distributions to shareholders:

 

Net investment income

     (0.81      (0.85     (0.73      (0.50     (0.29

Capital gains

                         (0.17     (0.93

Total dividends and distributions to shareholders

     (0.81      (0.85     (0.73      (0.67     (1.22

Net asset value, end of year

   $ 27.86      $ 24.82     $ 30.78      $ 24.48     $ 23.96  

TOTAL RETURN4

     15.77      (16.85 )%      28.94      4.88     2.56

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 11,144      $ 7,447     $ 7,694      $ 18,363     $ 28,749  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.30      0.30     0.30      0.15 %5      0.10 %5 

Expenses, prior to expense waivers

     0.30      0.30     0.30      0.52 %5      0.58 %5 

Net investment income

     3.31      2.96     1.86      1.89 %5      2.10 %5 

Portfolio turnover rate6

     74      87     80      112 %1      6

 

           
WisdomTree U.S. Corporate Bond Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2021
    For the
Year Ended
June 30, 2020
     For the
Year Ended
June 30, 2019
 

Net asset value, beginning of year

   $ 45.21      $ 54.48     $ 54.40     $ 51.09      $ 47.79  

Investment operations:

 

Net investment income2

     1.63        1.25       1.23       1.42        1.59  

Net realized and unrealized gain (loss)

     (0.91      (9.18     0.25 3      3.37        3.28  

Total from investment operations

     0.72        (7.93     1.48       4.79        4.87  

Dividends and distributions to shareholders:

 

Net investment income

     (2.16      (1.24     (1.21     (1.48      (1.57

Capital gains

            (0.10     (0.19             

Total dividends and distributions to shareholders

     (2.16      (1.34     (1.40     (1.48      (1.57

Net asset value, end of year

   $ 43.77      $ 45.21     $ 54.48     $ 54.40      $ 51.09  

TOTAL RETURN4

     1.69      (14.83 )%      2.75     9.54      10.44

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 8,755      $ 40,685     $ 49,028     $ 38,077      $ 5,109  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.18      0.18     0.18 %7      0.18      0.18

Expenses, prior to expense waivers

     0.18      0.18     0.21     0.28      0.28

Net investment income

     3.63      2.42     2.27     2.71      3.29

Portfolio turnover rate6

     41      52     36     25      22
1 

The information reflects the investment objective and strategy of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund through March 15, 2020 and the investment objective and strategy of the WisdomTree International ESG Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change.

 

2 

Based on average shares outstanding.

 

3 

The amount of net realized and unrealized gain per share does not correspond with the amounts 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.

 

4 

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. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

Portfolio turnover rate 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.

 

7 

The investment advisor had contractually agreed to limit the advisory fee to 0.18% through October 31, 2020. On October 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.18%.

 

See Notes to Financial Statements.

 

142   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. High Yield Corporate Bond Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2021
    For the
Year Ended
June 30, 2020
    For the
Year Ended
June 30, 2019
 

Net asset value, beginning of year

   $ 43.92      $ 52.79     $ 48.53     $ 51.51     $ 49.77  

Investment operations:

 

Net investment income1

     2.60        2.20       2.32       2.64       2.84  

Net realized and unrealized gain (loss)

     0.16        (8.92     4.28       (3.00     1.69  

Total from investment operations

     2.76        (6.72     6.60       (0.36     4.53  

Dividends and distributions to shareholders:

           

Net investment income

     (2.60      (2.15     (2.34     (2.62     (2.75

Capital gains

                              (0.04

Tax return of capital

                        (0.00 )2       

Total dividends and distributions to shareholders

     (2.60      (2.15     (2.34     (2.62     (2.79

Net asset value, end of year

   $ 44.08      $ 43.92     $ 52.79     $ 48.53     $ 51.51  

TOTAL RETURN3

     6.42      (13.16 )%      13.84     (0.72 )%      9.43

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 207,193      $ 171,295     $ 158,359     $ 63,083     $ 15,453  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.38      0.38     0.38 %4      0.38     0.38

Expenses, prior to expense waivers

     0.38      0.38     0.41     0.48     0.48

Net investment income

     5.85      4.36     4.51     5.32     5.68

Portfolio turnover rate5

     22      24     21     22     14

 

           
WisdomTree U.S. Short-Term Corporate Bond Fund    For the
Year Ended
June 30, 2023
    For the
Year Ended
June 30, 2022
    For the
Year Ended
June 30, 2021
    For the
Year Ended
June 30, 2020
     For the
Year Ended
June 30, 2019
 

Net asset value, beginning of year

   $ 47.51     $ 51.48     $ 51.58     $ 50.43      $ 49.03  

Investment operations:

 

Net investment income1

     1.39       0.68       0.75       1.23        1.24  

Net realized and unrealized gain (loss)

     (0.65     (3.82     0.06 6      1.13 6       1.39  

Net increase from payment by affiliate

     0.00 2                          

Total from investment operations

     0.74       (3.14     0.81       2.36        2.63  

Dividends and distributions to shareholders:

 

Net investment income

     (1.42     (0.62     (0.75     (1.21      (1.23

Capital gains

           (0.21     (0.16             

Total dividends and distributions to shareholders

     (1.42     (0.83     (0.91     (1.21      (1.23

Net asset value, end of year

   $ 46.83     $ 47.51     $ 51.48     $ 51.58      $ 50.43  

TOTAL RETURN3

     1.59 %7      (6.18 )%      1.59     4.75      5.44

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 37,463     $ 42,757     $ 30,886     $ 20,632      $ 5,043  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.18     0.18     0.18 %8      0.18      0.18

Expenses, prior to expense waivers

     0.18     0.18     0.21     0.28      0.28

Net investment income

     2.95     1.36     1.46     2.43      2.50

Portfolio turnover rate5

     42     55     47     43      28
1 

Based on average shares outstanding.

 

2 

Amount represents less than $0.005.

 

3 

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. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The investment advisor had contractually agreed to limit the advisory fee to 0.38% through October 31, 2020. On October 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.38%.

 

5 

Portfolio turnover rate 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 of net realized and unrealized gain per share does not correspond with the amounts 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.

 

7 

Includes a reimbursement from the sub-advisor for an operational error. Excluding this reimbursement, total return would have been unchanged (Note 3).

 

8 

The investment advisor had contractually agreed to limit the advisory fee to 0.18% through October 31, 2020. On October 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.18%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      143  


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets Efficient Core Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
     For the Period
May 20, 2021*
through
June 30, 2021
 

Net asset value, beginning of period

   $ 28.63      $ 41.51      $ 39.75  

Investment operations:

 

Net investment income1

     0.78        0.82        0.13  

Net realized and unrealized gain (loss)

     (0.97      (12.71      1.69  

Net increase from payment by affiliate

     0.00 2               

Total from investment operations

     (0.19      (11.89      1.82  

Dividends and distributions to shareholders:

 

Net investment income

     (0.83      (0.73      (0.06

Capital gains

            (0.26       

Total dividends and distributions to shareholders

     (0.83      (0.99      (0.06

Net asset value, end of period

   $ 27.61      $ 28.63      $ 41.51  

TOTAL RETURN3

     (0.41 )%4       (29.06 )%       4.58

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 52,464      $ 34,352      $ 2,075  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.32      0.32 %5       0.31 %5,6 

Expenses, prior to expense waivers

     0.32      0.32 %5       0.32 %5,6 

Net investment income

     2.87      2.52 %5       2.68 %5,6 

Portfolio turnover rate7

     12      102      3

 

       
WisdomTree International Efficient Core Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
     For the Period
May 20, 2021*
through
June 30, 2021
 

Net asset value, beginning of period

   $ 30.93      $ 39.98      $ 39.43  

Investment operations:

 

Net investment income1

     0.92        1.19        0.09  

Net realized and unrealized gain (loss)

     3.15        (9.26      0.50 8 

Total from investment operations

     4.07        (8.07      0.59  

Dividends and distributions to shareholders:

 

Net investment income

     (0.76      (0.96      (0.04

Capital gains

            (0.02       

Total dividends and distributions to shareholders

     (0.76      (0.98      (0.04

Net asset value, end of period

   $ 34.24      $ 30.93      $ 39.98  

TOTAL RETURN3

     13.35      (20.44 )%       1.50

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 253,357      $ 75,767      $ 1,999  

Ratios to average net assets of:

 

Expenses

     0.26      0.26      0.26 %6 

Net investment income

     2.82      3.30      1.94 %6 

Portfolio turnover rate7

     5      13      0
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

Based on average shares outstanding.

 

2 

Amount represents less than $0.005.

 

3 

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 Emerging Markets Efficient Core Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Includes a reimbursement from the sub-advisor for an operational error. Excluding this reimbursement, total return would have been unchanged (Note 3).

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

Annualized.

 

7 

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.

 

8 

The amount of net realized and unrealized gain per share does not correspond with the amounts 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.

 

144   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Efficient Core Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
     For the
Year Ended
June 30, 2021
     For the
Year Ended
June 30, 2020
     For the Period
August 2, 2018*
through
June 30, 2019
 

Net asset value, beginning of period

   $ 33.36      $ 40.57      $ 30.60      $ 27.14      $ 25.08  

Investment operations:

 

Net investment income1

     0.45        0.42        0.41        0.45        0.38  

Net realized and unrealized gain (loss)

     3.73        (7.23      9.95        3.39        2.01  

Total from investment operations

     4.18        (6.81      10.36        3.84        2.39  

Dividends and distributions to shareholders:

 

Net investment income

     (0.45      (0.40      (0.37      (0.27      (0.33

Capital gains

                   (0.02      (0.11       

Total dividends and distributions to shareholders

     (0.45      (0.40      (0.39      (0.38      (0.33

Net asset value, end of period

   $ 37.09      $ 33.36      $ 40.57      $ 30.60      $ 27.14  

TOTAL RETURN2

     12.68      (16.95 )%       34.04      14.25      9.64

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 852,996      $ 695,605      $ 519,284      $ 238,679      $ 5,428  

Ratios to average net assets of:

 

Expenses

     0.20      0.20      0.20      0.20      0.20 %3 

Net investment income

     1.32      1.05      1.12      1.57      1.68 %3 

Portfolio turnover rate4

     7      7      9      13      11

 

     
WisdomTree Artificial Intelligence and Innovation Fund    For the
Year Ended
June 30, 2023
     For the Period
December 9, 2021*
through
June 30, 2022
 

Net asset value, beginning of period

   $ 15.04      $ 25.22  

Investment operations:

 

Net investment income1

     0.07        0.03  

Net realized and unrealized gain (loss)

     3.94        (10.21

Total from investment operations

     4.01        (10.18

Dividends to shareholders:

 

Net investment income

     (0.03       

Net asset value, end of period

   $ 19.02      $ 15.04  

TOTAL RETURN2

     26.74      (40.36 )% 

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 122,673      $ 752  

Ratios to average net assets of:

 

Expenses

     0.45      0.45 %3 

Net investment income

     0.42      0.26 %3 

Portfolio turnover rate4

     26      11
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized 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.

 

See Notes to Financial Statements.

 

WisdomTree Trust      145  


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Battery Value Chain and Innovation Fund    For the
Year Ended
June 30, 2023
     For the Period
February 17, 2022*
through
June 30, 2022
 

Net asset value, beginning of period

   $ 34.74      $ 40.49  

Investment operations:

 

Net investment income1

     0.53        0.22  

Net realized and unrealized loss

     (0.34      (5.97

Total from investment operations

     0.19        (5.75

Dividends to shareholders:

 

Net investment income

     (0.15       

Net asset value, end of period

   $ 34.78      $ 34.74  

TOTAL RETURN2

     0.58      (14.20 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 5,217      $ 1,737  

Ratios to average net assets of:

 

Expenses

     0.45      0.45 %3 

Net investment income

     1.54      1.56 %3 

Portfolio turnover rate4

     95      48

 

       
WisdomTree BioRevolution Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
     For the Period
June 3, 2021*
through
June 30, 2021
 

Net asset value, beginning of period

   $ 17.36      $ 26.65      $ 25.03  

Investment operations:

 

Net investment income (loss)1

     0.11        0.08        (0.00 )5 

Net realized and unrealized gain (loss)

     0.00 5       (9.34      1.62  

Total from investment operations

     0.11        (9.26      1.62  

Dividends to shareholders:

 

Net investment income

     (0.07      (0.03       

Net asset value, end of period

   $ 17.40      $ 17.36      $ 26.65  

TOTAL RETURN2

     0.61      (34.79 )%       6.47

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 2,783      $ 4,688      $ 2,665  

Ratios to average net assets of:

 

Expenses

     0.45      0.45      0.45 %3 

Net investment income (loss)

     0.60      0.36      (0.07 )%3 

Portfolio turnover rate4

     34      17      0
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized 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.

 

5 

Amount represents less than $0.005.

 

See Notes to Financial Statements.

 

146   WisdomTree Trust


Financial Highlights (concluded)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Cloud Computing Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
     For the
Year Ended
June 30, 2021
     For the Period
September 6, 2019*
through
June 30, 2020
 

Net asset value, beginning of period

   $ 28.03      $ 55.89      $ 38.96      $ 25.06  

Investment operations:

           

Net investment loss1

     (0.11      (0.21      (0.22      (0.11

Net realized and unrealized gain (loss)

     3.81        (27.65      17.15        14.01  

Total from investment operations

     3.70        (27.86      16.93        13.90  

Net asset value, end of period

   $ 31.73      $ 28.03      $ 55.89      $ 38.96  

TOTAL RETURN2

     13.20      (49.85 )%       43.45      55.47

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

   $ 688,573      $ 630,651      $ 1,277,042      $ 420,771  

Ratios to average net assets of:

           

Expenses

     0.45      0.45      0.45      0.45 %3 

Net investment loss

     (0.38 )%       (0.44 )%       (0.44 )%       (0.43 )%3 

Portfolio turnover rate4

     41      50      40      8

 

       
WisdomTree Cybersecurity Fund    For the
Year Ended
June 30, 2023
     For the
Year Ended
June 30, 2022
     For the Period
January 28, 2021*
through
June 30, 2021
 

Net asset value, beginning of period

   $ 17.81      $ 24.43      $ 24.17  

Investment operations:

        

Net investment income (loss)1

     (0.05      0.12        (0.01

Net realized and unrealized gain (loss)

     1.59        (6.63      0.27  

Total from investment operations

     1.54        (6.51      0.26  

Dividends to shareholders:

        

Net investment income

     (0.00 )5       (0.11       

Net asset value, end of period

   $ 19.35      $ 17.81      $ 24.43  

TOTAL RETURN2

     8.68      (26.79 )%       1.08

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 31,930      $ 32,762      $ 26,875  

Ratios to average net assets of:

        

Expenses

     0.45      0.45      0.45 %3 

Net investment income (loss)

     (0.26 )%       0.49      (0.16 )%3 

Portfolio turnover rate4

     45      56      18
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized 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.

 

5 

Amount represents less than $0.005.

 

See Notes to Financial Statements.

 

WisdomTree Trust      147  


Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 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 Dynamic Currency Hedged International Equity Fund (“Dynamic Currency Hedged International Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

     January 7, 2016  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (“Dynamic Currency Hedged International SmallCap Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

     January 7, 2016  

WisdomTree Emerging Markets ESG Fund (“Emerging Markets ESG Fund”)

     April 7, 2016  

WisdomTree Emerging Markets ex-China Fund (“Emerging Markets ex-China Fund”)

     September 22, 2022  

WisdomTree International ESG Fund (“International ESG Fund”)

     November 3, 2016  

WisdomTree U.S. Corporate Bond Fund (“U.S. Corporate Bond Fund”)

     April 27, 2016  

WisdomTree U.S. High Yield Corporate Bond Fund (“U.S. High Yield Corporate Bond Fund”)

     April 27, 2016  

WisdomTree U.S. Short-Term Corporate Bond Fund (“U.S. Short-Term Corporate Bond Fund”)

     April 27, 2016  

WisdomTree Emerging Markets Efficient Core Fund (“Emerging Markets Efficient Core Fund”)

     May 20, 2021  

WisdomTree International Efficient Core Fund (“International Efficient Core Fund”)

     May 20, 2021  

WisdomTree U.S. Efficient Core Fund (“U.S. Efficient Core Fund”)

     August 2, 2018  

WisdomTree Artificial Intelligence and Innovation Fund (“Artificial Intelligence and Innovation Fund”)

     December 9, 2021  

WisdomTree Battery Value Chain and Innovation Fund (“Battery Value Chain and Innovation Fund”)

     February 17, 2022  

WisdomTree BioRevolution Fund (“BioRevolution Fund”)

     June 3, 2021  

WisdomTree Cloud Computing Fund (“Cloud Computing Fund”)

     September 6, 2019  

WisdomTree Cybersecurity Fund (“Cybersecurity Fund”)

     January 28, 2021  

Each Fund, except the Emerging Markets ESG Fund, International ESG Fund, Emerging Markets Efficient Core Fund, International Efficient Core Fund and U.S. Efficient Core Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree, Inc. (“WisdomTree”) or an Index developed by a third party. The Emerging Markets ESG Fund, International ESG Fund, Emerging Markets Efficient Core Fund, International Efficient Core Fund and U.S. Efficient Core Fund are actively managed using a model-based approach. 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

 

148   WisdomTree Trust


Notes to Financial Statements (continued)

 

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. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from yields and quoted prices from broker-dealers on similar securities, and market sentiment for the type of security. U.S. fixed income securities may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Foreign currency contracts 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. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade.

Pursuant to Board-approved valuation procedures established by the Trust and WTAM, the Board has appointed WTAM as the Funds’ valuation designee (the “Valuation Designee”) to perform all fair valuations of the Funds’ portfolio investments, subject to the Board’s oversight. As the Valuation Designee, WTAM has established procedures for its fair valuation of a Fund’s portfolio investments. These procedures address, among other things, determining when market quotations are not readily available or reliable and the methodologies to be used for determining the fair value of investments, as well as the use and oversight of third-party pricing services for fair valuation. The Valuation Designee is comprised of senior representatives of WTAM and 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 Valuation Designee 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 Valuation Designee 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)

 

WisdomTree Trust      149  


Notes to Financial Statements (continued)

 

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 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 Valuation Designee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Valuation Designee 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 Valuation Designee 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 fiscal year or period ended June 30, 2023, 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, equity futures contracts and interest rate futures contracts during the fiscal year or period ended June 30, 2023 and open positions in such derivatives as of June 30, 2023 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. Any collateral posted (or received) with respect to the derivative positions would be used to offset or reduce the payment due to (or due from) a counterparty in the event of default. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of June 30, 2023, if any, is reflected as a footnote within each Fund’s Schedule of Investments.The Funds’ maximum credit risk exposure to derivatives agreements would be the total value of derivatives disclosed in the table included in Note 2 – Master Netting Arrangements under the column entitled “Assets: Net Amount”.

 

150   WisdomTree Trust


Notes to Financial Statements (continued)

 

As of June 30, 2023, 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  

Dynamic Currency Hedged International Equity Fund

 

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
   $ 688,188      Unrealized depreciation on
foreign currency contracts
   $ 962,632  

Dynamic Currency Hedged International SmallCap Equity Fund

 

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     708,213      Unrealized depreciation on
foreign currency contracts
     689,256  

Emerging Markets Efficient Core Fund

 

Interest rate risk

   Unrealized appreciation on
futures contracts*
          Unrealized depreciation on
futures contracts*
     406,826  

International Efficient Core Fund

 

Interest rate risk

   Unrealized appreciation on
futures contracts*
          Unrealized depreciation on
futures contracts*
     1,912,394  

U.S. Efficient Core Fund

 

Interest rate risk

   Unrealized appreciation on
futures contracts*
          Unrealized depreciation on
futures contracts*
     6,559,431  

Artificial Intelligence and Innovation Fund

 

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     79      Unrealized depreciation on
foreign currency contracts
     495  

Battery Value Chain and Innovation Fund

 

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     7      Unrealized depreciation on
foreign currency contracts
     0 1 
  *

Includes cumulative appreciation (depreciation) of futures contracts as reported in each Fund’s Schedule of Investments. Only current day’s variation margin is reported within the Statements of Assets and Liabilities. Please see Note 2 (Futures Contracts) on pages 154 and 155 for additional information regarding balance sheet location of balances associated with futures contracts.

 

  1 

Amount represents less than $1.

For the fiscal year or period ended June 30, 2023, 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
 

Dynamic Currency Hedged International Equity Fund

 

Foreign currency risk

   $ (1,860,771    $ (4,491,882

Dynamic Currency Hedged International SmallCap Equity Fund

 

Foreign currency risk

     118,871        (1,556,958

Emerging Markets ESG Fund

 

Foreign currency risk

     (17,026       

Emerging Markets ex-China Fund3

 

Equity risk

     (513       

Foreign currency risk

     2,782         

International ESG Fund

 

Foreign currency risk

     944        (1

Emerging Markets Efficient Core Fund

 

Foreign currency risk

     2,834        (1,119

Interest rate risk

     (1,599,782      (149,106

International Efficient Core Fund

 

Foreign currency risk

     2,874        (554

Interest rate risk

     (4,117,696      (1,390,887

U.S. Efficient Core Fund

 

Foreign currency risk

     33         

Interest rate risk

     (30,327,834      (1,800,122

Artificial Intelligence and Innovation Fund

 

Foreign currency risk

     512        (416

 

WisdomTree Trust      151  


Notes to Financial Statements (continued)

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

Battery Value Chain and Innovation Fund

 

Foreign currency risk

   $ 37      $ 5  

BioRevolution Fund

 

Foreign currency risk

     (177       

Cybersecurity Fund

 

Foreign currency risk

     (4,007       
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Equity risk

   Net realized gain (loss) from futures contracts

Foreign currency risk

   Net realized gain (loss) from foreign currency contracts

Interest rate risk

   Net realized gain (loss) from futures contracts
  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Equity risk

   Net increase (decrease) in unrealized appreciation/depreciation from futures contracts

Foreign currency risk

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

Interest rate risk

   Net increase (decrease) in unrealized appreciation/depreciation from futures contracts
  3 

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

During the fiscal year or period ended June 30, 2023, 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)
     Futures
contracts
(long)
 

Dynamic Currency Hedged International Equity Fund

 

Foreign currency risk

   $ 105,294,642      $ 212,772,350      $  

Dynamic Currency Hedged International SmallCap Equity Fund

 

Foreign currency risk

     58,063,829        118,310,172         

Emerging Markets ESG Fund

 

Foreign currency risk

     2,994        1,400         

Emerging Markets ex-China Fund1

 

Equity risk2

                   20,993  

Foreign currency risk

     33,624        45,183         

International ESG Fund

 

Foreign currency risk

     487        1,609         

Emerging Markets Efficient Core Fund

 

Foreign currency risk

     139,253        119,897         

Interest rate risk

                   25,605,819  

International Efficient Core Fund

 

Foreign currency risk

     6,310        511,100         

Interest rate risk

                   102,467,019  

U.S. Efficient Core Fund

 

Foreign currency risk2

     327                

Interest rate risk

                   441,570,006  

Artificial Intelligence and Innovation Fund

 

Foreign currency risk

     99,221        19,525         

Battery Value Chain and Innovation Fund

 

Foreign currency risk

     919        584         

BioRevolution Fund

 

Foreign currency risk

            266         

Cybersecurity Fund

 

Foreign currency risk2

     80,604        82,421         
  1 

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

 

  2 

The volume of derivative activity for the period is based on intra-month balances.

 

152   WisdomTree Trust


Notes to Financial Statements (continued)

 

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, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized on the ex-dividend date, or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined, at the fair value of securities to be received. Upon notification from real estate investment trust (“REIT”) issuers or as estimated by management, all or a portion of the dividend income received from a REIT may be redesignated as a reduction of cost of the related investment and/or as a realized gain. 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 the 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. In addition, the Funds generally will write-off interest receivable balances in default by the issuer as of the date any applicable interest payment grace period or forbearance period expires or as of the date any interest payment cancellation notification was publicly made available or when it becomes probable that interest will not be collected and the amount of uncollectable interest can be reasonably estimated. Interest income (including amortization of premiums and accretion of discounts), less any foreign taxes withheld, is accrued daily. Generally, amortization of premiums and accretion of discounts are recognized daily using the effective interest method (also known as the scientific amortization method). 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.

During the fiscal year ended June 30, 2023, dividend payments denominated in Russian rubles from certain sanctioned Russian issuers were made into restricted foreign cash accounts held by the Funds’ custodian on behalf of the Emerging Markets ESG Fund and Emerging Markets Efficient Core Fund. Under sanctions imposed by the United States (“U.S.”) and the European Union (“E.U.”) against Russia and certain Russian issuers pertaining to Russia’s invasion of Ukraine, payments (such as dividend payments or interest payments) made by sanctioned issuers to entities domiciled in the U.S., such as the Funds, or E.U. are restricted from withdrawal or use and there is no assurance these sanctioned payments will be ultimately collected by the Funds. As a result of U.S. sanctions in place against Russia and certain Russian issuers and significant uncertainty as to whether these sanctions will be removed or lifted, the Funds have not recognized these Russian dividend payments.

Foreign Taxes — The Funds may be subject to foreign taxes (a portion of which may be reclaimable or refundable) on foreign income or capital gains on investment transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and tax rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are accrued and applied to foreign income as the foreign income is earned and are reflected on the Statements of Operations as follows: foreign taxes withheld on dividends are presented as a reduction to investment income in “Less: Foreign withholdings taxes on dividends”, foreign taxes on capital gains from investment transactions, if any, are included in “Net realized gain (loss) from investment transactions”, and deferred foreign taxes on net unrealized appreciation on investments, if any, are included in “Net increase (decrease) in unrealized appreciation/depreciation on investment transactions”. Foreign taxes payable or deferred as of June 30, 2023, if any, are disclosed in the Statements of Assets and Liabilities in “Payables: Foreign capital gains tax”.

In certain foreign jurisdictions, when the Funds incur subsequent capital losses on investment transactions that occurred during the tax year in the applicable foreign jurisdiction, the Funds may be entitled to a refund on any foreign taxes paid on previous capital gain investment transactions that occurred during the tax year of the applicable foreign jurisdiction. Foreign capital gain tax refunds on investment transactions are included in “Net realized gain (loss) from investment transactions” on the Statements of Operations and foreign capital gain tax refunds that remain unpaid as of June 30, 2023, if any, are disclosed in the Statements of Assets and Liabilities in “Receivables: Foreign capital gains tax refund”.

The Funds file foreign tax reclaims in certain foreign jurisdictions to recover a portion of amounts previously withheld on dividend income 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 recorded relating to current fiscal year investment income are included in the Statements of Operations as a reduction to the balance shown for “Foreign withholding taxes on dividends” and foreign tax reclaims recorded, but not yet received as of June 30, 2023, if any, are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.

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 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

 

WisdomTree Trust      153  


Notes to Financial Statements (continued)

 

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, 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 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 (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.

Foreign Currency Contracts — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Currency Hedged Equity Funds, do not expect to engage in currency transactions for the purpose of hedging against currency exposures of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes. During the fiscal year or period ended June 30, 2023, the Funds, except for the Currency Hedged Equity Funds, utilized foreign currency contracts primarily to facilitate foreign security settlements. The Currency Hedged Equity Funds utilized foreign currency contracts primarily to dynamically offset applicable international currency exposure from positions in international equities. 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.

Futures Contracts — The Emerging Markets ex-China Fund utilized equity futures contracts on a temporary basis during the period to obtain market exposure consistent with its investment objective during the Fund’s annual portfolio rebalance. The Emerging Markets Efficient Core Fund utilized futures contracts to obtain long exposure to equity futures contracts and U.S. Treasury obligations consistent with its investment strategy. The International Efficient Core Fund and U.S. Efficient Core Fund each utilized futures contracts to obtain long exposure to U.S. Treasury obligations consistent with their investment strategy. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., equity, currency or U.S. Treasury security, collectively herein, “Reference Asset”) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified Reference Asset at a future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. A Fund may also cash settle upon the expiration date of a futures contract in which no physical delivery (or receipt) of the specified Reference Asset comprising the futures contract is made. Instead, settlement in cash would occur upon the expiration of the contract, with the cash settlement being the difference between the contract price and the actual price of the specified

 

154   WisdomTree Trust


Notes to Financial Statements (continued)

 

Reference Asset at the expiration date. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or U.S. government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Cash deposited as initial margin, if any, is shown as “Deposits at broker for futures contracts” in the Statement of Assets and Liabilities, and U.S. government securities deposited, if any, are designated in the Schedule of Investments. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts, variation margin payments may be made or received when the futures contract expires. Variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the unrealized net gain or loss is reclassified to realized gain or loss on futures. The current one-day variation margin on open futures contracts is shown on the Statements of Assets and Liabilities as either a receivable or a payable for “Net variation margin on futures contracts”. The variation margin received or paid by the Funds, that is on deposit with the broker, on both open and closed futures contracts and certain futures contracts where variation margin is received or paid by the Funds on the expiration date, are shown in the Statements of Assets and Liabilities, in whole or in part, as a component of, or an offset to, “Deposits at broker for futures contracts” or “Deposits due to broker for future contracts”. Deposits at broker utilized for futures contract margin requirements generally are restricted from withdrawal. Prior to August 19, 2022, when a Fund purchased or sold a futures contract, the Fund was required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund would segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, would “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This functioned as a practical limit on the amount of leverage which a Fund could undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities. Effective August 19, 2022, the Funds have adopted a derivatives risk management program to manage the Funds’ derivatives risk. Please see Note 7 “Recent Regulatory Update” for information on new regulations governing the use of derivatives by the Funds.

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 and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. 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.

 

WisdomTree Trust      155  


Notes to Financial Statements (continued)

 

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.

Each Fund’s futures contracts are all exchange traded and are not subject to master netting arrangements. Therefore, all futures contracts are excluded from the netting table herein.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of June 30, 2023, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
    Net Amount    

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
       
Fund   Financial
Instruments
    Collateral
Received
    Financial
Instruments
    Collateral
Posted
    Net Amount  

Dynamic Currency Hedged International Equity Fund

               

Securities Lending

  $ 14,318,629     $     $ (14,318,629 )1    $     $     $     $     $  

Foreign Currency Contracts

    688,188       (686,184           2,004       962,632       (686,184           276,448  

Dynamic Currency Hedged International SmallCap Equity Fund

               

Securities Lending

    28,168,424             (28,168,424 )1                               

Foreign Currency Contracts

    708,213       (680,497           27,716       689,256       (680,497           8,759  

Emerging Markets ESG Fund

               

Securities Lending

    784,182             (784,182 )1                               

International ESG Fund

               

Securities Lending

    332,375             (332,375 )1                               

U.S. Corporate Bond Fund

               

Securities Lending

    133,964             (133,964 )1                               

U.S. High Yield Corporate Bond Fund

               

Securities Lending

    12,721,366             (12,721,366 )1                               

U.S. Short-Term Corporate Bond Fund

               

Securities Lending

    1,004,205             (1,004,205 )1                               

Emerging Markets Efficient Core Fund

               

Securities Lending

    455,225             (455,225 )1                               

International Efficient Core Fund

               

Securities Lending

    11,491,272             (11,491,272 )1                               

 

156   WisdomTree Trust


Notes to Financial Statements (continued)

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
    Net Amount    

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
       
Fund   Financial
Instruments
    Collateral
Received
    Financial
Instruments
    Collateral
Posted
    Net Amount  

Artificial Intelligence and Innovation Fund

               

Securities Lending

  $ 6,238,651     $     $ (6,238,651 )1    $     $     $     $     $  

Foreign Currency Contracts

    79                   79       495                   495  

Battery Value Chain and Innovation Fund

               

Securities Lending

    556,614             (556,614 )1                               

Foreign Currency Contracts

    7                   7       0 2                  0 2 

BioRevolution Fund

               

Securities Lending

    279,996             (279,996 )1                               

Cloud Computing Fund

               

Securities Lending

    41,846,345             (41,846,345 )1                               

Cybersecurity Fund

               

Securities Lending

    2,535,884             (2,535,884 )1                               
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

 

  2 

Amount represents less than $1.

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.

Emerging Markets Investments — Investments in securities listed and traded in emerging markets are subject to additional risks that may not be present for U.S. investments or investments in more developed non-U.S. markets. Such risks may include: (i) greater market volatility; (ii) lower trading volume; (iii) greater social, political and economic uncertainty; (iv) governmental controls on foreign investments and limitations on repatriation of invested capital; (v) the risk that companies may be held to lower disclosure, corporate governance, auditing and financial reporting standards than companies in more developed markets; and (vi) the risk that there may be less protection of property rights than in other countries. Emerging markets are generally less liquid and less efficient than developed securities markets.

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      157  


Notes to Financial Statements (continued)

 

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds, except for U.S. Corporate Bond Fund, U.S. High Yield Corporate Bond Fund and U.S. Short-Term Corporate Bond Fund which are sub-advised by Voya Investment Management Co., LLC (“Voya”). Mellon and Voya are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, 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

 

Dynamic Currency Hedged International Equity Fund

     0.40

Dynamic Currency Hedged International SmallCap Equity Fund

     0.48

Emerging Markets ESG Fund

     0.32

Emerging Markets ex-China Fund1

     0.32

International ESG Fund

     0.30

U.S. Corporate Bond Fund

     0.18

U.S. High Yield Corporate Bond Fund

     0.38

U.S. Short-Term Corporate Bond Fund

     0.18

Emerging Markets Efficient Core Fund

     0.32

International Efficient Core Fund

     0.26

U.S. Efficient Core Fund

     0.20

Artificial Intelligence and Innovation Fund

     0.45

Battery Value Chain and Innovation Fund

     0.45

BioRevolution Fund

     0.45

Cloud Computing Fund

     0.45

Cybersecurity Fund

     0.45
  1 

Since the commencement of operations on September 22, 2022.

During the year ended June 30, 2023, the U.S. Short-Term Corporate Bond Fund received a voluntary reimbursement of $150 from Voya for investment losses due to an operational error. During the year ended June 30, 2023, the Emerging Markets Efficient Core Fund received a voluntary reimbursement of $76 from Mellon for investment losses due to an operational error. The voluntary reimbursements are shown in the Statements of Operations in “Net increase from payment by affiliate”.

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 year ended June 30, 2023, 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 its advisory fees that it would otherwise charge, for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (e.g., fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.

 

158   WisdomTree Trust


Notes to Financial Statements (continued)

 

During the fiscal year ended June 30, 2023, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended June 30, 2023, the cost of purchases, proceeds from sales and the net realized loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Loss
 

Dynamic Currency Hedged International Equity Fund

   $ 8,499,861      $ 8,015,589      $ (2,527,320

Dynamic Currency Hedged International SmallCap Equity Fund

     2,179,294        3,533,625        (748,583

WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended June 30, 2023, 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 June 30, 2023           

For the Fiscal Year Ended

June 30, 2023

 
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

 

Dynamic Currency Hedged International Equity Fund

     659      $ 20,594              $ 854  

International ESG Fund

     313        8,783                262  

U.S. Corporate Bond Fund

     77        3,373                7,432  

U.S. High Yield Corporate Bond Fund

     548        24,195                1,376  

U.S. Short-Term Corporate Bond Fund

     311        14,570                19,057  

Emerging Markets Efficient Core Fund

     57        1,589                38  

International Efficient Core Fund

     177        6,096                140  

U.S. Efficient Core Fund

     391        14,494                177  

Cloud Computing Fund

     97        3,075                 

Cybersecurity Fund

     123        2,383                1  

During the fiscal period ended June 30, 2023, in connection with the organization of the Emerging Markets ex-China Fund, a newly launched fund, WTAM contributed $100 in exchange for 4 shares in the Emerging Markets ex-China Fund. Prior to June 30, 2023, WTAM redeemed the aforementioned shares as follows: 4 shares of the Emerging Markets ex-China Fund for proceeds of $99.

4. CAPITAL SHARE TRANSACTIONS

As of June 30, 2023, 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 to an authorized participant (“AP”). Except when aggregated in creation units (“Creation Unit Aggregations”), 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 (“Deposit Securities”) and/or an amount of cash (“Cash Component”). Creation Unit Aggregations may be created in advance of receipt by a Fund of all or a portion of the applicable Deposit Securities from APs. In these circumstances, the initial deposit received from the AP will have a value greater than the NAV of the applicable Fund’s shares on the date the order is placed in proper form since, in addition to available Deposit Securities, U.S. cash must be deposited by the AP in an amount equal to the sum of (i) the Cash Component, plus (ii) generally between 102%-110%, as directed by the Trust or WTAM, which the Trust or WTAM may change from time to time, of the market value of the undelivered Deposit Securities (the “Additional Cash Deposit”) with the Fund pending delivery of any missing Deposit Securities. The Fund will return any unused portion of the Additional Cash Deposit once all of the missing Deposit Securities have been properly received from the AP or purchased by the Fund. Amounts due to be returned to an AP as of June 30, 2023, if any, is shown in the Statements of Assets and Liabilities in “Payables: Deposit due to authorized participant”.

 

WisdomTree Trust      159  


Notes to Financial Statements (continued)

 

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year or period ended June 30, 2023 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.

 

       
     Non-U.S. Government Securities      U.S. Government Securities      In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales      Purchases      Sales  

Dynamic Currency Hedged International Equity Fund

   $ 71,680,175      $ 61,171,755      $      $      $ 48,991,539      $ 7,152,830  

Dynamic Currency Hedged International SmallCap Equity Fund

     64,399,314        57,418,131                      108,027,295         

Emerging Markets ESG Fund

     11,867,911        13,842,294                             989,938  

Emerging Markets ex-China Fund1

     23,657,802        11,404,643                      4,517,996        2,054,413  

International ESG Fund

     6,038,421        6,031,632                      2,793,847         

U.S. Corporate Bond Fund

     5,484,946        5,778,888        212,970        15,429        8,875,121        39,774,530  

U.S. High Yield Corporate Bond Fund

     36,698,197        37,368,278                      69,972,363        34,985,414  

U.S. Short-Term Corporate Bond Fund

     16,080,265        16,120,551               29,427        4,784,761        9,165,774  

Emerging Markets Efficient Core Fund

     18,519,373        4,674,654                      4,603,291        2,001,701  

International Efficient Core Fund

     8,625,036        7,060,560                      150,327,083        16,909,327  

U.S. Efficient Core Fund

     47,524,240        69,604,887                      180,554,248        110,684,853  

Artificial Intelligence and Innovation Fund

     11,100,509        4,318,848                      110,877,053         

Battery Value Chain and Innovation Fund

     5,609,030        4,330,128                      2,384,251         

BioRevolution Fund

     1,300,355        1,299,883                             1,998,024  

Cloud Computing Fund

     262,492,539        264,660,795                      313,142,053        330,565,669  

Cybersecurity Fund

     13,510,965        13,639,293                      732,854        3,991,299  
  1 

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

6. FEDERAL INCOME TAXES

At June 30, 2023, 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
Appreciation/

(Depreciation)

           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
   

Net Unrealized
Appreciation/

(Depreciation)

   

Total Net

Unrealized
Appreciation/

(Depreciation)

 

Dynamic Currency Hedged International Equity Fund

  $ 224,919,011     $ 33,446,651     $ (8,967,579   $ 24,479,072             $ 292     $ (423   $ (131   $ 24,478,941  

Dynamic Currency Hedged International SmallCap Equity Fund

    183,911,996       15,708,875       (10,019,800     5,689,075               975       (382     593       5,689,668  

Emerging Markets ESG Fund

    20,658,105       4,262,568       (1,926,072     2,336,496                                 2,336,496  

Emerging Markets ex-China Fund

    14,946,984       1,733,484       (326,021     1,407,463                                 1,407,463  

International ESG Fund

    10,421,740       1,147,291       (248,751     898,540                                 898,540  

U.S. Corporate Bond Fund

    9,442,776       23,104       (701,740     (678,636                               (678,636

U.S. High Yield Corporate Bond Fund

    231,710,167       668,199       (19,383,626     (18,715,427                               (18,715,427

U.S. Short-Term Corporate Bond Fund

    39,576,085       21,409       (1,567,193     (1,545,784                               (1,545,784

Emerging Markets Efficient Core Fund

    53,421,357       2,595,808       (7,790,227     (5,194,419                               (5,194,419

International Efficient Core Fund

    223,929,982       20,965,558       (8,483,459     12,482,099                                 12,482,099  

U.S. Efficient Core Fund

    719,729,799       100,932,788       (41,975,203     58,957,585                                 58,957,585  

 

160   WisdomTree Trust


Notes to Financial Statements (continued)

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost    

Gross

Unrealized
Appreciation

   

Gross

Unrealized
Depreciation

   

Net Unrealized
Appreciation/

(Depreciation)

           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
   

Net Unrealized
Appreciation/

(Depreciation)

   

Total Net

Unrealized
Appreciation/

(Depreciation)

 

Artificial Intelligence and Innovation Fund

  $ 122,955,095     $ 6,150,873     $ (2,358,172   $ 3,792,701             $ 79     $ (495   $ (416   $ 3,792,285  

Battery Value Chain and Innovation Fund

    5,741,446       582,474       (613,181     (30,707             7             7       (30,700

BioRevolution Fund

    3,834,914       140,674       (956,725     (816,051                               (816,051

Cloud Computing Fund

    986,814,707       24,620,303       (302,779,925     (278,159,622                               (278,159,622

Cybersecurity Fund

    40,948,220       2,054,287       (10,178,604     (8,124,317                               (8,124,317
  1 

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.

At June 30, 2023, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

             
Fund   Undistributed
Ordinary Income
    Undistributed Capital
and Other Losses
   

Net Unrealized
Appreciation/

(Depreciation)

    Currency and Other
Unrealized
Appreciation/
(Depreciation)
   

Other

Temporary

Differences1

    Total Distributable
Earnings (Loss)
 

Dynamic Currency Hedged International Equity Fund

  $ 1,159,384     $ (44,419,573   $ 24,479,072     $ 2,865     $ 20,179     $ (18,758,073

Dynamic Currency Hedged International SmallCap Equity Fund

    995,065       (14,208,050     5,689,075       967       2,362       (7,520,581

Emerging Markets ESG Fund

    90,895       (11,344,309     2,336,496       (74,899           (8,991,817

Emerging Markets ex-China Fund

    117,275       (64,908     1,407,463       (19,899           1,439,931  

International ESG Fund

    13,000       (3,558,239     898,540       1,526             (2,645,173

U.S. Corporate Bond Fund

    3,804       (2,980,035     (678,636                 (3,654,867

U.S. High Yield Corporate Bond Fund

    120,053       (7,906,237     (18,715,427                 (26,501,611

U.S. Short-Term Corporate Bond Fund

    22,251       (1,486,672     (1,545,784                 (3,010,205

Emerging Markets Efficient Core Fund

    336,878       (5,983,459     (5,194,419     (45,362           (10,886,362

International Efficient Core Fund

    272,862       (14,412,870     12,482,099       339             (1,657,570

U.S. Efficient Core Fund

    412,702       (134,921,497     58,957,585                   (75,551,210

Artificial Intelligence and Innovation Fund

    119,489       (185,129     3,792,701       (488           3,726,573  

Battery Value Chain and Innovation Fund

    95,674       (439,427     (30,707     (28,735           (403,195

BioRevolution Fund

    17,130       (657,625     (816,051     30             (1,456,516

Cloud Computing Fund

          (292,595,345     (278,159,622                 (570,754,967

Cybersecurity Fund

          (5,838,402     (8,124,317     (507           (13,963,226
  1 

The treatment of certain income/expense items have been recognized for GAAP but disallowed for tax purposes.

The tax character of distributions paid during the fiscal years or periods ended June 30, 2023 and June 30, 2022, was as follows:

 

     
     Year or Period Ended June 30, 2023      Year or Period Ended June 30, 2022  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
     Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
 

Dynamic Currency Hedged International Equity Fund

   $ 9,482,900      $      $ 8,333,400      $  

Dynamic Currency Hedged International SmallCap Equity Fund

     5,850,457        1,343,894        2,160,473         

Emerging Markets ESG Fund

     796,205               813,816         

Emerging Markets ex-China Fund1

     144,810                       

International ESG Fund

     275,935               238,020         

U.S. Corporate Bond Fund

     533,000               1,111,508        86,158  

U.S. High Yield Corporate Bond Fund

     10,144,500               7,906,350         

U.S. Short-Term Corporate Bond Fund

     1,146,000               563,903        87,345  

Emerging Markets Efficient Core Fund

     1,226,510               367,111        11,347  

International Efficient Core Fund

     4,844,176               1,964,754        6,577  

U.S. Efficient Core Fund

     9,785,910               8,163,536         

 

WisdomTree Trust      161  


Notes to Financial Statements (continued)

 

     
     Year or Period Ended June 30, 2023      Year or Period Ended June 30, 2022  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
     Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
 

Artificial Intelligence and Innovation Fund

   $ 1,534      $         —      $ 2     $         — 2 

Battery Value Chain and Innovation Fund

     21,975               3       3 

BioRevolution Fund

     15,662               4,424         

Cloud Computing Fund

                           

Cybersecurity Fund

     7,191               177,112         
  *

Includes short-term capital gains, if any.

 

  1

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

 

  2

For the period December 9, 2021 (commencement of operations) through June 30, 2022.

 

  3 

For the period February 17, 2022 (commencement of operations) through June 30, 2022.

At June 30, 2023, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the following table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term      Long-Term      Capital Loss
Available Total
 

Dynamic Currency Hedged International Equity Fund

   $ 10,107,416      $ 34,312,157      $ 44,419,573  

Dynamic Currency Hedged International SmallCap Equity Fund

                    

Emerging Markets ESG Fund

     8,628,200        2,716,109        11,344,309  

Emerging Markets ex-China Fund

     58,092        6,816        64,908  

International ESG Fund

     713,147        2,845,092        3,558,239  

U.S. Corporate Bond Fund

     528,194        2,451,841        2,980,035  

U.S. High Yield Corporate Bond Fund

     1,289,351        6,616,886        7,906,237  

U.S. Short-Term Corporate Bond Fund

     686,728        799,944        1,486,672  

Emerging Markets Efficient Core Fund

     3,607,993        2,375,466        5,983,459  

International Efficient Core Fund

     6,388,016        8,024,854        14,412,870  

U.S. Efficient Core Fund

     62,309,788        72,611,709        134,921,497  

Artificial Intelligence and Innovation Fund

     156,220        28,909        185,129  

Battery Value Chain and Innovation Fund

     426,669        12,758        439,427  

BioRevolution Fund

     219,507        438,118        657,625  

Cloud Computing Fund

     137,090,900        154,485,702        291,576,602  

Cybersecurity Fund

     1,739,125        4,099,277        5,838,402  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

During the fiscal year or period ended June 30, 2023, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

       
Fund    Short-Term
Post-October
Capital Losses
    

Long-Term

Post-October

Capital Losses

    

Late Year

Ordinary Loss

 

Dynamic Currency Hedged International Equity Fund

   $      $      $         —  

Dynamic Currency Hedged International SmallCap Equity Fund

     9,494,287        4,713,763         

Emerging Markets ESG Fund

                    

Emerging Markets ex-China Fund1

                    

International ESG Fund

                    

U.S. Corporate Bond Fund

                    

U.S. High Yield Corporate Bond Fund

                    

U.S. Short-Term Corporate Bond Fund

                    

Emerging Markets Efficient Core Fund

                    

International Efficient Core Fund

                    

 

162   WisdomTree Trust


Notes to Financial Statements (continued)

 

       
Fund    Short-Term
Post-October
Capital Losses
    

Long-Term

Post-October

Capital Losses

    

Late Year

Ordinary Loss

 

U.S. Efficient Core Fund

   $         —      $         —      $  

Artificial Intelligence and Innovation Fund

                    

Battery Value Chain and Innovation Fund

                    

BioRevolution Fund

                    

Cloud Computing Fund

                   1,018,743  

Cybersecurity Fund

                    
  1

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

During the fiscal year or period ended June 30, 2023, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

   
Fund    Utilized
Capital Loss
Carryforward
 

Dynamic Currency Hedged International Equity Fund

   $  

Dynamic Currency Hedged International SmallCap Equity Fund

     2,618,349  

Emerging Markets ESG Fund

      

Emerging Markets ex-China Fund1

      

International ESG Fund

      

U.S. Corporate Bond Fund

      

U.S. High Yield Corporate Bond Fund

      

U.S. Short-Term Corporate Bond Fund

      

Emerging Markets Efficient Core Fund

      

International Efficient Core Fund

      

U.S. Efficient Core Fund

      

Artificial Intelligence and Innovation Fund

      

Battery Value Chain and Innovation Fund

      

BioRevolution Fund

      

Cloud Computing Fund

      

Cybersecurity Fund

      
  1

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

At June 30, 2023, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.

 

     
Fund   

Total

Distributable
Earnings (Loss)

     Paid-in Capital  

Dynamic Currency Hedged International Equity Fund

   $ (1,587,729    $ 1,587,729  

Dynamic Currency Hedged International SmallCap Equity Fund

             

Emerging Markets ESG Fund

     (83,312      83,312  

Emerging Markets ex-China Fund

     (198,935      198,935  

International ESG Fund

             

U.S. Corporate Bond Fund

     4,647,018        (4,647,018

U.S. High Yield Corporate Bond Fund

     3,957,179        (3,957,179

U.S. Short-Term Corporate Bond Fund

     237,813        (237,813

Emerging Markets Efficient Core Fund

     83,677        (83,677

International Efficient Core Fund

     1,941,282        (1,941,282

U.S. Efficient Core Fund

     (25,612,810      25,612,810  

Artificial Intelligence and Innovation Fund

             

Battery Value Chain and Innovation Fund

             

BioRevolution Fund

     (137,815      137,815  

Cloud Computing Fund

     (6,435,546      6,435,546  

Cybersecurity Fund

     (198,924      198,924  

 

 

WisdomTree Trust      163  


Notes to Financial Statements (continued)

 

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. As of and during the fiscal year or period ended June 30, 2023, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended June 30, 2023, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions.

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. 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 year or period ended June 30, 2023, the ECJ tax reclaims received by the Funds did not exceed the foreign withholding taxes of the respective Funds.

7. RECENT REGULATORY UPDATE

Effective August 19, 2022, the Funds have adopted policies and procedures 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 has evaluated ASU 2022-03 and determined that the adoption of ASU 2022-03 will not have a significant impact on the Trust’s financial statements and related disclosures.

 

164   WisdomTree Trust


Notes to Financial Statements (concluded)

 

9. ADDITIONAL INFORMATION

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, as well as other popular Russian exports, such as diamonds, seafood and vodka. The European Union, the United Kingdom and other countries have also placed restrictions on certain oil, energy and luxury goods imports from Russia.

These sanctions, as well as other economic consequences related to the invasion, such as additional sanctions, boycotts, changes in consumer or purchaser preferences, or cyberattacks on governments, companies or individuals, may further decrease the value and liquidity of certain Russian securities as well as securities of issuers in other countries that are subject to or otherwise adversely affected by economic sanctions related to Russia’s invasion of Ukraine, including Russian counter measures. 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.

*     *     *     *    *    *

Financial markets around the world may experience extreme volatility, depressed valuations, decreased liquidity and heightened uncertainty and turmoil resulting from major cybersecurity events, geopolitical events (including wars, such as Russia’s invasion of Ukraine, terror attacks, and disruptions to foreign economic and trade relationships), public health emergencies, such as the COVID-19 pandemic, measures to address budget deficits, downgrading of sovereign debt, and public sentiment, among other events. Resulting market volatility, dramatic changes to interest rates, and otherwise unfavorable economic conditions may negatively impact Fund performance or impair a Fund’s ability to achieve its investment objective.

In March 2023, the financial distress of certain financial institutions raised economic concerns over disruption in the U.S. banking system and regarding the solvency of certain financial services firms. There can be no certainty that the actions taken by the U.S. government to strengthen public confidence in the U.S. banking system will be effective in mitigating the effects of financial institution failures on the economy and restoring public confidence in the U.S. banking system.

*     *     *     *     *     *

Raising the ceiling on U.S. government debt has become increasingly politicized. Any failure to increase the total amount that the U.S. government is authorized to borrow could lead to a default on U.S. government obligations, with unpredictable consequences for economies and markets in the U.S. and elsewhere. On August 1, 2023, Fitch Ratings, Inc. (Fitch) downgraded its U.S. debt rating from the highest AAA rating to AA+, citing “a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.” The impacts, if any, of the downgrade on financial markets are unknown at this time. The downgrade has potential market impacts, including but not limited to, steep stock market declines and rising bond yields.

 

WisdomTree Trust      165  


Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Emerging Markets ESG Fund, WisdomTree Emerging Markets ex-China Fund, WisdomTree International ESG Fund, WisdomTree U.S. Corporate Bond Fund, WisdomTree U.S. High Yield Corporate Bond Fund, WisdomTree U.S. Short-Term Corporate Bond Fund, WisdomTree Emerging Markets Efficient Core Fund, WisdomTree International Efficient Core Fund, WisdomTree U.S. Efficient Core Fund, WisdomTree Artificial Intelligence and Innovation Fund, WisdomTree Battery Value Chain and Innovation Fund, WisdomTree BioRevolution Fund, WisdomTree Cloud Computing Fund, and WisdomTree Cybersecurity Fund, and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Emerging Markets ESG Fund, WisdomTree Emerging Markets ex-China Fund, WisdomTree International ESG Fund, WisdomTree U.S. Corporate Bond Fund, WisdomTree U.S. High Yield Corporate Bond Fund, WisdomTree U.S. Short-Term Corporate Bond Fund, WisdomTree Emerging Markets Efficient Core Fund, WisdomTree International Efficient Core Fund, WisdomTree U.S. Efficient Core Fund, WisdomTree Artificial Intelligence and Innovation Fund, WisdomTree Battery Value Chain and Innovation Fund, WisdomTree BioRevolution Fund, WisdomTree Cloud Computing Fund, and WisdomTree Cybersecurity Fund (collectively referred to as the “Funds”), (sixteen of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of June 30, 2023, and the related statements of operations and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (sixteen of the funds constituting WisdomTree Trust) at June 30, 2023, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust   

Statement of

operations

  

Statements of changes

in net assets

   Financial highlights

WisdomTree Dynamic Currency Hedged International Equity Fund

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

WisdomTree Emerging Markets ESG Fund

WisdomTree International ESG Fund

WisdomTree U.S. Corporate Bond Fund

WisdomTree U.S. High Yield Corporate Bond Fund

WisdomTree U.S. Short-Term Corporate Bond Fund

   For the year ended June 30, 2023    For each of the two years in the period ended June 30, 2023    For each of the five years in the period ended June 30, 2023

WisdomTree U.S. Efficient Core Fund

   For the year ended June 30, 2023    For each of the two years in the period ended June 30, 2023    For each of the four years in the period ended June 30, 2023 and the period from August 2, 2018 (commencement of operations) through June 30, 2019    

WisdomTree Cloud Computing Fund

   For the year ended June 30, 2023    For each of the two years in the period ended June 30, 2023    For each of the three years in the period ended June 30, 2023 and the period from September 6, 2019 (commencement of operations) through June 30, 2020

WisdomTree Cybersecurity Fund

   For the year ended June 30, 2023    For each of the two years in the period ended June 30, 2023    For each of the two years in the period ended June 30, 2023 and the period from January 28, 2021 (commencement of operations) through June 30, 2021

WisdomTree Emerging Markets Efficient Core Fund

WisdomTree International Efficient Core Fund

   For the year ended June 30, 2023    For each of the two years in the period ended June 30, 2023    For each of the two years in the period ended June 30, 2023 and the period from May 20, 2021 (commencement of operations) through June 30, 2021

WisdomTree BioRevolution Fund

   For the year ended June 30, 2023    For each of the two years in the period ended June 30, 2023    For each of the two years in the period ended June 30, 2023 and the period from June 3, 2021 (commencement of operations) through June 30, 2021

 

166   WisdomTree Trust


Report of Independent Registered Public Accounting Firm (concluded)

 

       
Individual fund constituting the WisdomTree Trust   

Statement of

operations

  

Statements of changes

in net assets

   Financial highlights

WisdomTree Artificial Intelligence and Innovation Fund

   For the year ended June 30, 2023    For the year ended June 30, 2023 and the period from December 9, 2021 (commencement of operations) through June 30, 2022

WisdomTree Battery Value Chain and Innovation Fund

   For the year ended June 30, 2023    For the year ended June 30, 2023 and the period from February 17, 2022 (commencement of operations) through June 30, 2022

WisdomTree Emerging Markets ex-China Fund

   For the period from September 22, 2022 (commencement of operations) through June 30, 2023

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of June 30, 2023, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

August 28, 2023

 

WisdomTree Trust      167  


Liquidity Risk Management Program (unaudited)

 

The Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2022 to December 31, 2022, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

168   WisdomTree Trust


Trustees and Officers Information (unaudited)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length

of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other

Directorships

Held by Trustee

Trustees Who Are Interested Persons of the Trust
Jonathan Steinberg
(1964)
  Trustee, 2005- present; President, 2005-present   Chief Executive Officer, WisdomTree and WisdomTree Asset Management since 2005; President, WisdomTree and WisdomTree Asset Management from 2012 to 2019.     80     Director, WisdomTree and WisdomTree Asset Management.
Trustees Who Are Not Interested Persons of the Trust
David G. Chrencik*
(1948)
  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     80     None.
Joel Goldberg**, ***
(1945)
  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     80     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro***
(1955)
  Trustee, 2006-present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     80     None.

Melinda A. Raso Kirstein****

(1955)

  Trustee, 2014-present   Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     80     Associate Alumnae of Douglass College, Chair of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor, from 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     80     None.

 

WisdomTree Trust      169  


Trustees and Officers Information (unaudited) (concluded)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length

of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other

Directorships

Held by Trustee

Officers of the Trust

Jonathan Steinberg*****

(1964)

 

President, 2005-

present; Trustee, 2005-present

  Chief Executive Officer, WisdomTree and WisdomTree Asset Management since 2005; President, WisdomTree and WisdomTree Asset Management from 2012 to 2019.     80     See Interested
Trustees Table
Above.

David Castano*****

(1971)

  Treasurer, 2013-present   Head of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Director of Fund Accounting & Administration, WisdomTree Asset Management, 2011 to 2020.     80     None.

Terry Jane Feld*****

(1960)

  Chief Compliance Officer, 2012-present   Head of U.S. Compliance, WisdomTree Asset Management since 2022; Chief Compliance Officer WisdomTree Asset Management since 2012.     80     None.

Joanne Antico*****

(1975)

  Chief Legal Officer and Secretary, 2021-present   General Counsel, WisdomTree Asset Management since 2021; Assistant General Counsel, WisdomTree Asset Management 2016 to 2021; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     80     None.

TJ Darnowski*****

(1984)

  Assistant Secretary, 2021-present   Senior Investment Management Paralegal, WisdomTree Asset Management since 2021; Senior Legal Administrator, Ultimus Fund Solutions, 2019-2021; Assistant Vice President, State Street Bank & Trust Company, 2010 to 2019.     80     None.

Clint Martin*****

(1977)

  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, 2012 to 2020.     80     None.

Angela Borreggine*****

(1964)

  Assistant Secretary, 2021-present   Assistant General Counsel, WisdomTree Asset Management since 2022; Vice President and Senior Counsel, Virtus Investment Partners, 2021-2022; Director, Senior Counsel, Allianz Global Investors, 2007-2021.     80     None.

 

+

As of June 30, 2023.

 

*

Chair of the Audit Committee.

 

**

Chair of the Contracts Review Committee.

 

***

Co-Chair of the Governance, Nominating and Compliance Committee.

 

****

Chair of the Investment Committee.

 

*****

Elected by and serves at the pleasure of the Board.

 

 

170   WisdomTree Trust


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year or period ended June 30, 2023, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2024.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended June 30, 2023, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

Dynamic Currency Hedged International Equity Fund

   $ 7,764,874  

Dynamic Currency Hedged International SmallCap Equity Fund

     4,217,752  

Emerging Markets ESG Fund

     325,380  

Emerging Markets ex-China Fund1

     129,595  

International ESG Fund

     246,189  

U.S. Corporate Bond Fund

      

U.S. High Yield Corporate Bond Fund

      

U.S. Short-Term Corporate Bond Fund

      

Emerging Markets Efficient Core Fund

     606,108  

International Efficient Core Fund

     4,844,176  

U.S. Efficient Core Fund

     9,785,910  

Artificial Intelligence and Innovation Fund

     1,534  

Battery Value Chain and Innovation Fund

     21,975  

BioRevolution Fund

     15,662  

Cloud Computing Fund

      

Cybersecurity Fund

     7,191  
  1

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

The Dynamic Currency Hedged International SmallCap Equity Fund designates $1,343,894 paid during the fiscal year ended June 30, 2023, or if subsequently determined to be different, the maximum amount allowable by tax law, as a long-term capital gain dividend in accordance with Internal Revenue Code Section 852(b)(3)(C).

The Funds designate the following amount of ordinary income distributions paid during the fiscal year or period ended June 30, 2023 from qualified short-term gains and qualified interest income:

 

     
Fund    Qualified Short-
Term Gains
     Qualified Interest
Income
 

Dynamic Currency Hedged International Equity Fund

     0.00      0.00

Dynamic Currency Hedged International SmallCap Equity Fund

     0.00      0.00

Emerging Markets ESG Fund

     0.00      0.00

Emerging Markets ex-China Fund1

     0.00      0.00

International ESG Fund

     0.00      0.00

U.S. Corporate Bond Fund

     0.00      100.00

U.S. High Yield Corporate Bond Fund

     0.00      100.00

U.S. Short-Term Corporate Bond Fund

     0.00      100.00

Emerging Markets Efficient Core Fund

     0.00      0.00

International Efficient Core Fund

     0.00      0.00

U.S. Efficient Core Fund

     0.00      0.00

Artificial Intelligence and Innovation Fund

     0.00      0.00

Battery Value Chain and Innovation Fund

     0.00      0.00

BioRevolution Fund

     0.00      0.00

Cloud Computing Fund

     0.00      0.00

Cybersecurity Fund

     0.00      0.00
  1

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

 

WisdomTree Trust      171  


Supplemental Information (unaudited) (concluded)

 

The following represents the percentage of dividends paid during the fiscal year or period ended June 30, 2023, that qualify for the 70% dividends received deduction for corporate shareholders:

 

   
Fund    Dividends-Received
Deduction
 

Dynamic Currency Hedged International Equity Fund

      

Dynamic Currency Hedged International SmallCap Equity Fund

      

Emerging Markets ESG Fund

     0.19

Emerging Markets ex-China Fund1

      

International ESG Fund

      

U.S. Corporate Bond Fund

      

U.S. High Yield Corporate Bond Fund

      

U.S. Short-Term Corporate Bond Fund

      

Emerging Markets Efficient Core Fund

     0.10

International Efficient Core Fund

      

U.S. Efficient Core Fund

     100.00

Artificial Intelligence and Innovation Fund

     45.22

Battery Value Chain and Innovation Fund

     7.04

BioRevolution Fund

     93.81

Cloud Computing Fund

      

Cybersecurity Fund

     99.89
  1

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year or period ended June 30, 2023. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Dynamic Currency Hedged International Equity Fund

   $ 10,369,613      $ 676,008  

Dynamic Currency Hedged International SmallCap Equity Fund

     6,604,534        460,295  

Emerging Markets ESG Fund

     718,391        112,838  

Emerging Markets ex-China Fund1

     218,692        39,229  

International ESG Fund

     302,778        24,338  

U.S. Corporate Bond Fund

             

U.S. High Yield Corporate Bond Fund

             

U.S. Short-Term Corporate Bond Fund

             

Emerging Markets Efficient Core Fund

     1,393,269        160,854  

International Efficient Core Fund

     5,400,708        454,557  

U.S. Efficient Core Fund

             

Artificial Intelligence and Innovation Fund

             

Battery Value Chain and Innovation Fund

     57,872        9,697  

BioRevolution Fund

             

Cloud Computing Fund

             

Cybersecurity Fund

             
  1

For the period September 22, 2022 (commencement of operations) through June 30, 2023.

 

172   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 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/investments.

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/investments.

 

WisdomTree Trust      173  


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, Inc., 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. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition, when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. High-yield or “junk” bonds have lower credit ratings and involve a greater risk to principal. While the fixed income funds attempt to limit credit and counterparty exposure, the value of an investment in the Funds may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

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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WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S.

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