WisdomTree Trust
Semi-Annual Report
September 30, 2023
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree International AI Enhanced Value Fund (AIVI)
WisdomTree International Equity Fund (DWM)
WisdomTree International High Dividend Fund (DTH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International Multifactor Fund (DWMF)
WisdomTree International Quality Dividend Growth Fund (IQDG)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
Information about Performance and Shareholder Expense Examples (unaudited) |
1 | |||
2 | ||||
13 | ||||
Schedules of Investments (unaudited) | ||||
16 | ||||
20 | ||||
24 | ||||
26 | ||||
37 | ||||
44 | ||||
48 | ||||
55 | ||||
60 | ||||
64 | ||||
74 | ||||
83 | ||||
86 | ||||
89 | ||||
93 | ||||
99 | ||||
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) |
112 | |||
115 |
“WisdomTree” is a registered mark of WisdomTree, Inc. (formerly, WisdomTree Investments, Inc.) and is licensed for use by the WisdomTree Trust.
Information about Performance and Shareholder Expense Examples (unaudited)
Performance
The performance tables on the following pages are provided for comparative purposes and represent the period noted. Each Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the midpoint of the bid and ask price for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other exchange traded funds (“ETFs”), NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For the most recent month-end performance information visit www.wisdomtree.com/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 April 1, 2023 to September 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 183/366 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.
Actual expenses
The first line in the shareholder expense example table shown on the following pages provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period” to estimate the expenses you paid on your account during the period.
Hypothetical example for comparison purposes
The second line in the shareholder expense example table shown on the following pages provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
WisdomTree Trust | 1 |
as of September 30, 2023 (unaudited)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
Sector Breakdown†
Sector | % of Net Assets | |||
Health Care |
20.1% | |||
Industrials |
17.5% | |||
Consumer Staples |
17.4% | |||
Consumer Discretionary |
15.7% | |||
Financials |
9.1% | |||
Information Technology |
7.2% | |||
Communication Services |
5.6% | |||
Materials |
3.4% | |||
Utilities |
2.1% | |||
Energy |
0.6% | |||
Real Estate |
0.6% | |||
Other Assets less Liabilities‡ |
0.7% | |||
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 | |||
LVMH Moet Hennessy Louis Vuitton SE |
5.3% | |||
Novartis AG, Registered Shares |
5.2% | |||
Nestle SA, Registered Shares |
3.6% | |||
Industria de Diseno Textil SA |
3.5% | |||
Sanofi |
3.4% | |||
GSK PLC |
3.0% | |||
Novo Nordisk AS, Class B |
2.8% | |||
Roche Holding AG |
2.8% | |||
Deutsche Telekom AG, Registered Shares |
2.8% | |||
Unilever PLC |
2.7% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 965.20 | 0.58 | % | $ | 2.85 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.10 | 0.58 | % | $ | 2.93 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
-3.48 | % | 24.91 | % | 4.24 | % | 4.92 | % | 3.86 | % | ||||||||||
Fund Market Price Returns |
-3.81 | % | 26.43 | % | 4.07 | % | 4.89 | % | 3.78 | % | ||||||||||
WisdomTree Europe Quality Dividend Growth Index |
-3.46 | % | 25.41 | % | 4.65 | % | 5.38 | % | 4.33 | % | ||||||||||
MSCI Europe Index |
-2.35 | % | 28.85 | % | 7.23 | % | 3.96 | % | 2.73 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
2 | WisdomTree Trust |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree Europe SmallCap Dividend Fund (DFE)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
28.1% | |||
Financials |
15.1% | |||
Consumer Discretionary |
14.7% | |||
Materials |
11.7% | |||
Consumer Staples |
5.9% | |||
Information Technology |
5.9% | |||
Real Estate |
5.8% | |||
Energy |
4.3% | |||
Health Care |
3.3% | |||
Communication Services |
2.6% | |||
Utilities |
1.0% | |||
Investment Company |
0.3% | |||
Other Assets less Liabilities‡ |
1.3% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
SSAB AB, Class A |
2.7% | |||
D/S Norden AS |
1.8% | |||
Sydbank AS |
1.6% | |||
Redrow PLC |
1.4% | |||
Konecranes Oyj |
1.4% | |||
MPC Container Ships ASA |
1.3% | |||
Bank of Georgia Group PLC |
1.2% | |||
Pagegroup PLC |
1.1% | |||
Bekaert SA |
1.0% | |||
Landis & Gyr Group AG |
0.9% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 938.90 | 0.58 | % | $ | 2.81 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.10 | 0.58 | % | $ | 2.93 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
-6.11 | % | 21.81 | % | 4.21 | % | 0.41 | % | 4.20 | % | ||||||||||
Fund Market Price Returns |
-6.61 | % | 22.47 | % | 4.19 | % | 0.39 | % | 4.14 | % | ||||||||||
WisdomTree Europe SmallCap Dividend Index |
-6.31 | % | 21.48 | % | 4.39 | % | 0.62 | % | 4.76 | % | ||||||||||
MSCI Europe Small Cap Index |
-5.42 | % | 23.17 | % | 1.26 | % | 0.63 | % | 4.37 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 3 |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree International AI Enhanced Value Fund (AIVI)
Sector Breakdown†
Sector | % of Net Assets | |||
Financials |
30.7% | |||
Industrials |
15.1% | |||
Materials |
10.8% | |||
Consumer Staples |
8.6% | |||
Real Estate |
6.3% | |||
Energy |
6.3% | |||
Utilities |
5.8% | |||
Health Care |
5.7% | |||
Communication Services |
3.6% | |||
Consumer Discretionary |
3.5% | |||
Investment Company |
1.1% | |||
Information Technology |
1.1% | |||
Other Assets less Liabilities‡ |
1.4% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets 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 | |||
Swiss Re AG |
3.0% | |||
Aviva PLC |
2.7% | |||
Enagas SA |
2.6% | |||
Zurich Insurance Group AG |
2.4% | |||
GSK PLC |
2.3% | |||
British American Tobacco PLC |
2.3% | |||
Publicis Groupe SA |
2.0% | |||
Vinci SA |
1.9% | |||
Phoenix Group Holdings PLC |
1.9% | |||
Groupe Bruxelles Lambert NV |
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 International AI Enhanced Value Fund (the “Fund”) seeks income and capital appreciation by investing primarily in equity securities selected from a universe of developed market equities, excluding the United States and Canada, that exhibit value characteristics based on the selection results of a proprietary, quantitative artificial intelligence (AI) model developed by Voya Investment Management Co., LLC., the Fund’s sub-adviser. Prior to January 18, 2022, Fund performance reflects the investment objective of the Fund when it was the WisdomTree International Dividend ex-Financials Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index (the “Former Index”). In seeking to track the Former Index, the Fund invested in high-dividend-yielding companies in the developed world excluding the U.S. and Canada, and excluding the financials sector.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,005.00 | 0.58 | % | $ | 2.91 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.10 | 0.58 | % | $ | 2.93 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns1 |
0.50 | % | 29.19 | % | 6.96 | % | 2.50 | % | 2.48 | % | ||||||||||
Fund Market Price Returns1 |
0.02 | % | 29.69 | % | 6.70 | % | 2.49 | % | 2.46 | % | ||||||||||
MSCI EAFE Value Index |
3.76 | % | 31.51 | % | 11.11 | % | 2.81 | % | 2.97 | % |
* |
Returns of less than one year are cumulative. |
1 |
The Fund’s investment objective changed effective January 18, 2022. Prior to January 18, 2022, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
4 | WisdomTree Trust |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree International Equity Fund (DWM)
Sector Breakdown†
Sector | % of Net Assets | |||
Financials |
22.5% | |||
Industrials |
12.9% | |||
Materials |
10.6% | |||
Consumer Discretionary |
10.4% | |||
Consumer Staples |
8.4% | |||
Health Care |
8.4% | |||
Energy |
7.2% | |||
Communication Services |
6.7% | |||
Utilities |
4.8% | |||
Real Estate |
3.9% | |||
Information Technology |
3.4% | |||
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 | |||
BHP Group Ltd. |
3.5% | |||
Novartis AG, Registered Shares |
2.0% | |||
Shell PLC |
1.8% | |||
TotalEnergies SE |
1.7% | |||
HSBC Holdings PLC |
1.6% | |||
Nestle SA, Registered Shares |
1.6% | |||
LVMH Moet Hennessy Louis Vuitton SE |
1.3% | |||
Rio Tinto PLC |
1.2% | |||
Toyota Motor Corp. |
1.1% | |||
Roche Holding AG |
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 Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,003.80 | 0.48 | % | $ | 2.40 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.60 | 0.48 | % | $ | 2.43 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
0.38 | % | 25.60 | % | 6.64 | % | 2.01 | % | 3.16 | % | ||||||||||
Fund Market Price Returns |
-0.24 | % | 25.81 | % | 6.34 | % | 1.94 | % | 3.03 | % | ||||||||||
WisdomTree International Equity Index |
0.26 | % | 25.80 | % | 6.91 | % | 2.26 | % | 3.39 | % | ||||||||||
MSCI EAFE Index |
-1.28 | % | 25.65 | % | 5.75 | % | 3.24 | % | 3.82 | % | ||||||||||
MSCI EAFE Value Index |
3.76 | % | 31.51 | % | 11.11 | % | 2.81 | % | 2.97 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 5 |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree International High Dividend Fund (DTH)
Sector Breakdown†
Sector | % of Net Assets | |||
Financials |
26.0% | |||
Materials |
14.8% | |||
Energy |
9.2% | |||
Industrials |
8.4% | |||
Utilities |
8.3% | |||
Health Care |
7.8% | |||
Consumer Discretionary |
7.4% | |||
Communication Services |
7.4% | |||
Real Estate |
5.6% | |||
Consumer Staples |
3.8% | |||
Information Technology |
0.5% | |||
Investment Company |
0.1% | |||
Other Assets less Liabilities‡ |
0.7% | |||
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 | |||
BHP Group Ltd. |
5.4% | |||
Novartis AG, Registered Shares |
3.9% | |||
TotalEnergies SE |
3.3% | |||
HSBC Holdings PLC |
2.5% | |||
Rio Tinto PLC |
2.3% | |||
Mercedes-Benz Group AG |
1.7% | |||
BP PLC |
1.5% | |||
Sanofi |
1.4% | |||
SoftBank Corp. |
1.3% | |||
Commonwealth Bank of Australia |
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 International High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,005.70 | 0.58 | % | $ | 2.91 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.10 | 0.58 | % | $ | 2.93 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
0.57 | % | 27.14 | % | 9.13 | % | 2.15 | % | 2.57 | % | ||||||||||
Fund Market Price Returns |
-0.11 | % | 26.64 | % | 8.86 | % | 2.15 | % | 2.49 | % | ||||||||||
WisdomTree International High Dividend Index |
0.47 | % | 27.40 | % | 9.44 | % | 2.42 | % | 2.87 | % | ||||||||||
MSCI EAFE Value Index |
3.76 | % | 31.51 | % | 11.11 | % | 2.81 | % | 2.97 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
6 | WisdomTree Trust |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree International LargeCap Dividend Fund (DOL)
Sector Breakdown†
Sector | % of Net Assets | |||
Financials |
24.0% | |||
Consumer Discretionary |
10.7% | |||
Health Care |
10.4% | |||
Materials |
9.9% | |||
Industrials |
9.8% | |||
Consumer Staples |
9.5% | |||
Energy |
8.8% | |||
Communication Services |
7.2% | |||
Utilities |
4.7% | |||
Information Technology |
2.5% | |||
Real Estate |
1.6% | |||
Investment Company |
0.2% | |||
Other Assets less Liabilities‡ |
0.7% | |||
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 | |||
BHP Group Ltd. |
4.7% | |||
Novartis AG, Registered Shares |
2.7% | |||
Shell PLC |
2.4% | |||
TotalEnergies SE |
2.3% | |||
HSBC Holdings PLC |
2.2% | |||
Nestle SA, Registered Shares |
2.2% | |||
LVMH Moet Hennessy Louis Vuitton SE |
1.8% | |||
Toyota Motor Corp. |
1.5% | |||
Rio Tinto PLC |
1.5% | |||
Roche Holding AG |
1.5% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International LargeCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,007.30 | 0.48 | % | $ | 2.41 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.60 | 0.48 | % | $ | 2.43 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
0.73 | % | 26.97 | % | 7.89 | % | 2.75 | % | 3.10 | % | ||||||||||
Fund Market Price Returns |
0.28 | % | 27.03 | % | 7.78 | % | 2.80 | % | 3.04 | % | ||||||||||
WisdomTree International LargeCap Dividend Index |
0.57 | % | 27.02 | % | 8.08 | % | 2.94 | % | 3.33 | % | ||||||||||
MSCI EAFE Index |
-1.28 | % | 25.65 | % | 5.75 | % | 3.24 | % | 3.82 | % | ||||||||||
MSCI EAFE Value Index |
3.76 | % | 31.51 | % | 11.11 | % | 2.81 | % | 2.97 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 7 |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree International MidCap Dividend Fund (DIM)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
21.0% | |||
Financials |
19.0% | |||
Materials |
12.5% | |||
Real Estate |
11.4% | |||
Consumer Discretionary |
8.0% | |||
Utilities |
6.1% | |||
Communication Services |
5.8% | |||
Consumer Staples |
5.5% | |||
Information Technology |
4.7% | |||
Energy |
3.2% | |||
Health Care |
2.1% | |||
Other Assets less Liabilities‡ |
0.7% | |||
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 | |||
Nippon Yusen KK |
1.4% | |||
South32 Ltd. |
1.1% | |||
Mitsui OSK Lines Ltd. |
1.1% | |||
ACS Actividades de Construccion y Servicios SA |
0.9% | |||
Power Assets Holdings Ltd. |
0.9% | |||
Koninklijke KPN NV |
0.7% | |||
Talanx AG |
0.7% | |||
Randstad NV |
0.7% | |||
Kawasaki Kisen Kaisha Ltd. |
0.7% | |||
Erste Group Bank AG |
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 International MidCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 994.10 | 0.58 | % | $ | 2.89 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.10 | 0.58 | % | $ | 2.93 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
-0.59 | % | 23.25 | % | 4.24 | % | 0.52 | % | 3.33 | % | ||||||||||
Fund Market Price Returns |
-1.09 | % | 24.08 | % | 4.22 | % | 0.58 | % | 3.30 | % | ||||||||||
WisdomTree International MidCap Dividend Index |
-0.63 | % | 23.56 | % | 4.44 | % | 0.86 | % | 3.70 | % | ||||||||||
MSCI EAFE Mid Cap Index |
-2.01 | % | 22.69 | % | 1.78 | % | 1.03 | % | 3.75 | % | ||||||||||
MSCI EAFE Mid Cap Value Index |
0.97 | % | 26.10 | % | 6.38 | % | 0.86 | % | 3.57 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
8 | WisdomTree Trust |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree International Multifactor Fund (DWMF)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
18.6% | |||
Financials |
16.8% | |||
Consumer Staples |
14.6% | |||
Health Care |
11.2% | |||
Communication Services |
8.9% | |||
Utilities |
8.2% | |||
Consumer Discretionary |
7.6% | |||
Information Technology |
6.6% | |||
Materials |
3.3% | |||
Energy |
2.8% | |||
Real Estate |
0.4% | |||
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 | |||
Novartis AG, Registered Shares |
1.7% | |||
National Grid PLC |
1.4% | |||
Sanofi |
1.3% | |||
AXA SA |
1.2% | |||
Toshiba Corp. |
1.2% | |||
Deutsche Telekom AG, Registered Shares |
1.2% | |||
Ipsen SA |
1.2% | |||
Swisscom AG, Registered Shares |
1.1% | |||
Jeronimo Martins SGPS SA |
1.1% | |||
Check Point Software Technologies Ltd. |
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 Multifactor Fund (the “Fund”) seeks capital appreciation by investing primarily in equity securities of developed countries, excluding the U.S. and Canada, with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund seeks to manage its currency risk by dynamically hedging currency fluctuations in the relative value of the applicable international currencies against the U.S. dollar, ranging from a 0% to 100% hedge.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,010.40 | 0.38 | % | $ | 1.91 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.10 | 0.38 | % | $ | 1.92 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
1.04 | % | 18.06 | % | 4.89 | % | 2.89 | % | 3.15 | % | ||||||||||
Fund Market Price Returns |
0.62 | % | 18.10 | % | 4.62 | % | 2.83 | % | 3.13 | % | ||||||||||
MSCI EAFE Local Currency Index |
2.96 | % | 20.32 | % | 10.81 | % | 5.65 | % | 5.72 | % | ||||||||||
MSCI EAFE Index |
-1.28 | % | 25.65 | % | 5.75 | % | 3.24 | % | 3.46 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 9 |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree International Quality Dividend Growth Fund (IQDG)
Sector Breakdown†
Sector | % of Net Assets | |||
Consumer Discretionary |
20.1% | |||
Health Care |
19.8% | |||
Consumer Staples |
18.4% | |||
Industrials |
14.6% | |||
Information Technology |
11.7% | |||
Financials |
5.0% | |||
Communication Services |
3.6% | |||
Materials |
2.5% | |||
Utilities |
2.0% | |||
Real Estate |
1.1% | |||
Energy |
0.8% | |||
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 | |||
LVMH Moet Hennessy Louis Vuitton SE |
5.4% | |||
Novartis AG, Registered Shares |
4.7% | |||
Industria de Diseno Textil SA |
4.5% | |||
Unilever PLC |
4.5% | |||
GSK PLC |
4.1% | |||
Nestle SA, Registered Shares |
3.9% | |||
Novo Nordisk AS, Class B |
3.8% | |||
SAP SE |
3.1% | |||
L’Oreal SA |
2.9% | |||
Roche Holding AG |
2.5% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 960.80 | 0.42 | % | $ | 2.06 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.90 | 0.42 | % | $ | 2.12 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
-3.92 | % | 23.36 | % | 2.53 | % | 4.38 | % | 5.90 | % | ||||||||||
Fund Market Price Returns |
-4.53 | % | 24.03 | % | 2.41 | % | 4.31 | % | 5.91 | % | ||||||||||
WisdomTree International Quality Dividend Growth Index |
-3.83 | % | 23.70 | % | 2.85 | % | 4.71 | % | 6.25 | % | ||||||||||
MSCI EAFE Index |
-1.28 | % | 25.65 | % | 5.75 | % | 3.24 | % | 5.98 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 7, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
10 | WisdomTree Trust |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree International SmallCap Dividend Fund (DLS)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
24.4% | |||
Financials |
14.6% | |||
Consumer Discretionary |
13.5% | |||
Materials |
12.4% | |||
Real Estate |
9.6% | |||
Information Technology |
7.4% | |||
Consumer Staples |
5.5% | |||
Health Care |
3.8% | |||
Communication Services |
3.6% | |||
Energy |
2.0% | |||
Utilities |
2.0% | |||
Investment Company |
0.0% | * | ||
Other Assets less Liabilities‡ |
1.2% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
* |
Represents less than 0.1%. |
Top Ten Holdings*
Description | % of Net Assets | |||
D/S Norden AS |
0.8% | |||
SSAB AB, Class A |
0.6% | |||
Azimut Holding SpA |
0.6% | |||
Sydbank AS |
0.6% | |||
Coface SA |
0.6% | |||
Bank of Georgia Group PLC |
0.6% | |||
Kobe Steel Ltd. |
0.6% | |||
Sims Ltd. |
0.6% | |||
Deterra Royalties Ltd. |
0.5% | |||
CSR Ltd. |
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 International SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 979.10 | 0.58 | % | $ | 2.87 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.10 | 0.58 | % | $ | 2.93 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
-2.09 | % | 17.64 | % | 3.05 | % | -0.30 | % | 3.18 | % | ||||||||||
Fund Market Price Returns |
-2.96 | % | 17.29 | % | 2.82 | % | -0.36 | % | 3.08 | % | ||||||||||
WisdomTree International SmallCap Dividend Index |
-2.29 | % | 17.92 | % | 3.70 | % | 0.53 | % | 3.88 | % | ||||||||||
MSCI EAFE Small Cap Index |
-2.95 | % | 17.90 | % | 1.10 | % | 0.76 | % | 4.30 | % | ||||||||||
MSCI EAFE Small Cap Value Index |
-0.22 | % | 22.47 | % | 5.83 | % | 1.09 | % | 4.01 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 11 |
Performance Summary
as of September 30, 2023 (unaudited)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
24.9% | |||
Materials |
16.6% | |||
Consumer Discretionary |
16.5% | |||
Information Technology |
12.2% | |||
Financials |
10.7% | |||
Consumer Staples |
7.3% | |||
Health Care |
4.3% | |||
Communication Services |
1.9% | |||
Real Estate |
1.8% | |||
Energy |
1.4% | |||
Utilities |
0.8% | |||
Investment Company |
0.4% | |||
Other Assets less Liabilities‡ |
1.2% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Kobe Steel Ltd. |
1.7% | |||
Cosmo Energy Holdings Co. Ltd. |
0.9% | |||
Tokyo Seimitsu Co. Ltd. |
0.7% | |||
Aozora Bank Ltd. |
0.6% | |||
Seven Bank Ltd. |
0.6% | |||
Nippon Electric Glass Co. Ltd. |
0.6% | |||
Macnica Holdings, Inc. |
0.6% | |||
Toyo Tire Corp. |
0.5% | |||
K’s Holdings Corp. |
0.5% | |||
Mebuki Financial Group, Inc. |
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 Japan SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the Japanese equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,048.60 | 0.58 | % | $ | 2.97 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.10 | 0.58 | % | $ | 2.93 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
4.86 | % | 25.19 | % | 2.52 | % | 0.26 | % | 5.21 | % | ||||||||||
Fund Market Price Returns |
3.97 | % | 24.63 | % | 2.16 | % | 0.22 | % | 5.16 | % | ||||||||||
WisdomTree Japan SmallCap Dividend Index |
5.02 | % | 25.78 | % | 2.73 | % | 0.56 | % | 5.74 | % | ||||||||||
MSCI Japan Small Cap Index |
1.37 | % | 18.10 | % | -0.69 | % | -0.41 | % | 4.57 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
12 | WisdomTree Trust |
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each Index referenced in this report:
Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.
The MSCI EAFE 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, calculated in local currency.
The MSCI EAFE Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets, excluding the U.S. and Canada.
The MSCI EAFE Mid Cap Value Index captures mid cap securities exhibiting overall value style characteristics across Developed Markets countries, excluding the U.S. and Canada.
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 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 the “value” stocks within the developed equity market, excluding the U.S. and Canada.
The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within developed market European countries.
The MSCI Europe Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of “small” stocks within developed market European countries.
The MSCI Japan Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan.
Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.
Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.
The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.
The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.
The WisdomTree International Dividend ex-Financials Index measures the performance
of high dividend-yielding international stocks outside the financial sector.
WisdomTree Trust | 13 |
Description of Terms and Indexes (unaudited) (continued)
The WisdomTree 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.
The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.
The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market companies.
The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small-capitalization companies in Japan.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying
WisdomTree Indexes of the applicable Funds. WisdomTree is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
14 | WisdomTree Trust |
Description of Terms and Indexes (unaudited) (concluded)
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 | JPY | Japanese yen | |||
CHF | Swiss franc | NOK | Norwegian krone | |||
DKK | Danish krone | NZD | New Zealand dollar | |||
EUR | Euro | SEK | Swedish krona | |||
GBP | British pound | SGD | Singapore dollar | |||
HKD | Hong Kong dollar | USD | U.S. dollar | |||
Other abbreviations: | ||||||
CVA | Certificaten Van Aandelen (Certificate of Stock) | |||||
RSP | Risparmio Italian Savings Shares |
WisdomTree Trust | 15 |
Schedule of Investments (unaudited)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
September 30, 2023
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.3% |
| |||||||
Austria – 0.4% |
| |||||||
EVN AG |
3,153 | $ | 84,457 | |||||
Oesterreichische Post AG |
2,490 | 81,857 | ||||||
Verbund AG |
1,227 | 100,095 | ||||||
|
|
|||||||
Total Austria |
|
266,409 | ||||||
Belgium – 0.8% |
| |||||||
D’ieteren Group |
387 | 65,517 | ||||||
Etablissements Franz Colruyt NV |
2,297 | 99,612 | ||||||
Melexis NV |
832 | 71,968 | ||||||
UCB SA |
1,598 | 131,188 | ||||||
VGP NV |
1,094 | 101,870 | ||||||
Warehouses De Pauw CVA |
3,463 | 85,942 | ||||||
|
|
|||||||
Total Belgium |
|
556,097 | ||||||
China – 0.3% |
| |||||||
Prosus NV* |
8,097 | 239,350 | ||||||
Denmark – 3.9% |
| |||||||
Alm Brand AS |
28,457 | 42,787 | ||||||
Chr Hansen Holding AS |
1,126 | 69,128 | ||||||
Coloplast AS, Class B |
2,016 | 213,988 | ||||||
Dfds AS |
1,262 | 41,785 | ||||||
FLSmidth & Co. AS |
185 | 8,384 | ||||||
Novo Nordisk AS, Class B |
21,602 | 1,974,888 | ||||||
Novozymes AS, Class B |
1,706 | 68,960 | ||||||
Pandora AS |
2,144 | 222,704 | ||||||
Royal Unibrew AS |
788 | 61,065 | ||||||
Scandinavian Tobacco Group AS(a) |
2,403 | 36,677 | ||||||
|
|
|||||||
Total Denmark |
|
2,740,366 | ||||||
Finland – 2.4% |
| |||||||
Elisa Oyj |
4,044 | 187,919 | ||||||
Fortum Oyj(b) |
37,474 | 436,233 | ||||||
Kone Oyj, Class B |
10,399 | 439,517 | ||||||
Konecranes Oyj |
2,698 | 89,866 | ||||||
Metso Oyj |
14,639 | 154,277 | ||||||
Neste Oyj(b) |
7,003 | 238,225 | ||||||
Sanoma Oyj(b) |
3,615 | 26,639 | ||||||
Valmet Oyj(b) |
5,041 | 115,603 | ||||||
|
|
|||||||
Total Finland |
|
1,688,279 | ||||||
France – 22.2% |
| |||||||
Air Liquide SA |
5,550 | 939,230 | ||||||
Airbus SE |
6,038 | 811,749 | ||||||
BioMerieux |
551 | 53,565 | ||||||
Bollore SE |
19,790 | 106,649 | ||||||
Bouygues SA |
12,848 | 450,797 | ||||||
Bureau Veritas SA |
5,138 | 127,891 | ||||||
Capgemini SE |
1,282 | 225,043 | ||||||
Carrefour SA |
9,389 | 161,883 | ||||||
Danone SA |
10,211 | 564,977 | ||||||
Dassault Aviation SA |
785 | 148,272 | ||||||
Dassault Systemes SE |
3,500 | 130,790 | ||||||
Eurazeo SE |
1,413 | 84,450 | ||||||
Gaztransport & Technigaz SA |
637 | 78,570 | ||||||
Hermes International SCA |
336 | 615,359 | ||||||
Kering SA |
1,675 | 765,934 | ||||||
L’Oreal SA |
3,011 | 1,253,481 | ||||||
La Francaise des Jeux SAEM(a) |
3,771 | 122,970 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
4,888 | 3,707,492 | ||||||
Metropole Television SA |
6,448 | 81,785 | ||||||
Remy Cointreau SA(b) |
288 | 35,264 | ||||||
Rubis SCA |
4,802 | 107,987 | ||||||
Sanofi |
22,343 | 2,400,576 | ||||||
Sartorius Stedim Biotech |
161 | 38,524 | ||||||
Schneider Electric SE |
6,629 | 1,101,757 | ||||||
Societe BIC SA |
800 | 52,895 | ||||||
Sodexo SA |
1,107 | 114,297 | ||||||
Sopra Steria Group SACA |
319 | 66,164 | ||||||
Teleperformance SE |
342 | 43,234 | ||||||
Thales SA |
2,552 | 359,627 | ||||||
Veolia Environnement SA |
16,258 | 472,157 | ||||||
Verallia SA(a) |
2,439 | 96,268 | ||||||
Vivendi SE |
17,277 | 151,751 | ||||||
Wendel SE |
911 | 72,387 | ||||||
|
|
|||||||
Total France |
|
15,543,775 | ||||||
Georgia – 0.1% |
| |||||||
Bank of Georgia Group PLC |
1,744 | 78,547 | ||||||
Germany – 10.7% |
| |||||||
adidas AG |
3,509 | 619,019 | ||||||
AIXTRON SE |
477 | 17,585 | ||||||
Bechtle AG |
904 | 42,343 | ||||||
Beiersdorf AG |
766 | 99,064 | ||||||
Bilfinger SE |
230 | 7,900 | ||||||
Carl Zeiss Meditec AG, Bearer Shares |
338 | 29,638 | ||||||
Deutsche Telekom AG, Registered Shares |
92,939 | 1,954,995 | ||||||
Fielmann Group AG |
2,103 | 91,021 | ||||||
Gerresheimer AG |
246 | 25,902 | ||||||
Hannover Rueck SE |
2,263 | 498,118 | ||||||
Hella GmbH & Co. KGaA |
542 | 38,447 | ||||||
Henkel AG & Co. KGaA |
3,182 | 201,193 | ||||||
Hugo Boss AG |
470 | 29,817 | ||||||
MTU Aero Engines AG |
389 | 70,736 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG, Registered Shares |
3,103 | 1,212,605 | ||||||
Nemetschek SE |
385 | 23,593 | ||||||
Puma SE |
1,477 | 91,950 | ||||||
Rheinmetall AG |
487 | 125,758 | ||||||
SAP SE |
12,953 | 1,684,352 | ||||||
Scout24 SE(a) |
823 | 57,213 | ||||||
Siemens Healthineers AG(a) |
8,944 | 454,534 | ||||||
Stroeer SE & Co. KGaA |
1,574 | 70,158 | ||||||
Symrise AG |
746 | 71,337 | ||||||
|
|
|||||||
Total Germany |
|
7,517,278 | ||||||
Ireland – 0.2% |
| |||||||
Glanbia PLC |
3,206 | 52,986 | ||||||
Kerry Group PLC, Class A |
743 | 62,287 | ||||||
|
|
|||||||
Total Ireland |
|
115,273 |
See Notes to Financial Statements.
16 | WisdomTree Trust |
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
September 30, 2023
Investments | Shares | Value | ||||||
Israel – 0.1% |
| |||||||
Plus500 Ltd. |
3,160 | $ | 53,110 | |||||
Italy – 2.4% |
| |||||||
Azimut Holding SpA |
6,676 | 146,171 | ||||||
Banca Generali SpA |
4,364 | 154,829 | ||||||
Banca Mediolanum SpA |
25,864 | 221,861 | ||||||
BPER Banca |
27,151 | 83,277 | ||||||
Buzzi SpA |
2,981 | 81,807 | ||||||
Davide Campari-Milano NV |
1,883 | 22,259 | ||||||
De’ Longhi SpA |
3,816 | 83,309 | ||||||
Enav SpA(a)(b) |
9,381 | 34,802 | ||||||
Ferrari NV |
767 | 227,134 | ||||||
FinecoBank Banca Fineco SpA |
9,898 | 120,672 | ||||||
Italgas SpA |
25,848 | 132,783 | ||||||
Leonardo SpA |
5,901 | 85,343 | ||||||
Moncler SpA |
2,042 | 119,081 | ||||||
RAI Way SpA(a) |
9,021 | 47,277 | ||||||
Recordati Industria Chimica e Farmaceutica SpA |
2,863 | 135,525 | ||||||
|
|
|||||||
Total Italy |
|
1,696,130 | ||||||
Netherlands – 5.9% |
| |||||||
Aegon NV(b) |
51,806 | 251,321 | ||||||
ASM International NV |
253 | 106,476 | ||||||
ASML Holding NV |
2,236 | 1,323,594 | ||||||
BE Semiconductor Industries NV |
2,766 | 272,351 | ||||||
Euronext NV(a) |
1,715 | 119,840 | ||||||
Ferrovial SE |
10,246 | 314,265 | ||||||
Heineken Holding NV |
2,513 | 189,969 | ||||||
Heineken NV(b) |
3,632 | 320,935 | ||||||
Koninklijke KPN NV |
113,160 | 373,682 | ||||||
SBM Offshore NV |
7,177 | 94,451 | ||||||
Universal Music Group NV(b) |
19,828 | 519,154 | ||||||
Wolters Kluwer NV |
2,152 | 261,222 | ||||||
|
|
|||||||
Total Netherlands |
|
4,147,260 | ||||||
Norway – 0.7% |
| |||||||
Austevoll Seafood ASA |
5,101 | 36,073 | ||||||
Gjensidige Forsikring ASA |
10,751 | 159,130 | ||||||
Kongsberg Gruppen ASA |
1,199 | 49,714 | ||||||
Leroy Seafood Group ASA |
14,619 | 61,659 | ||||||
Salmar ASA |
2,961 | 151,211 | ||||||
TOMRA Systems ASA |
476 | 5,464 | ||||||
|
|
|||||||
Total Norway |
|
463,251 | ||||||
Portugal – 0.3% |
| |||||||
Jeronimo Martins SGPS SA |
8,998 | 202,536 | ||||||
Spain – 3.7% |
| |||||||
CIE Automotive SA |
2,198 | 59,668 | ||||||
Industria de Diseno Textil SA |
65,026 | 2,429,585 | ||||||
Laboratorios Farmaceuticos Rovi SA |
717 | 38,981 | ||||||
Unicaja Banco SA(a)(b) |
46,330 | 49,984 | ||||||
Viscofan SA |
698 | 42,714 | ||||||
|
|
|||||||
Total Spain |
|
2,620,932 | ||||||
Sweden – 5.1% |
| |||||||
Alfa Laval AB |
5,139 | 177,761 | ||||||
Assa Abloy AB, Class B |
10,331 | 226,509 | ||||||
Atlas Copco AB, Class A |
26,966 | 365,489 | ||||||
Atlas Copco AB, Class B |
16,329 | 192,686 | ||||||
Avanza Bank Holding AB(b) |
3,855 | 67,206 | ||||||
Axfood AB |
2,796 | 64,443 | ||||||
Bilia AB, Class A |
3,615 | 35,437 | ||||||
Elekta AB, Class B |
7,624 | 52,225 | ||||||
Epiroc AB, Class A |
6,524 | 124,905 | ||||||
Epiroc AB, Class B |
5,413 | 87,292 | ||||||
Essity AB, Class B |
7,730 | 167,845 | ||||||
Evolution AB(a) |
1,770 | 180,255 | ||||||
Hexagon AB, Class B |
13,030 | 111,995 | ||||||
Hexpol AB |
11,045 | 98,767 | ||||||
Husqvarna AB, Class B(b) |
12,384 | 95,454 | ||||||
Indutrade AB |
2,829 | 52,782 | ||||||
Investment AB Latour, Class B |
6,174 | 109,538 | ||||||
Lifco AB, Class B |
995 | 17,580 | ||||||
Loomis AB |
1,611 | 43,685 | ||||||
Mycronic AB |
859 | 17,869 | ||||||
Nibe Industrier AB, Class B |
5,577 | 36,858 | ||||||
Nordnet AB publ |
5,857 | 77,848 | ||||||
Saab AB, Class B |
959 | 49,150 | ||||||
Sagax AB, Class B |
1,965 | 37,711 | ||||||
Sandvik AB |
17,764 | 329,635 | ||||||
Securitas AB, Class B |
12,782 | 101,958 | ||||||
SKF AB, Class B |
10,070 | 168,834 | ||||||
Sweco AB, Class B |
5,077 | 47,760 | ||||||
Telefonaktiebolaget LM Ericsson, Class B(b) |
68,821 | 337,827 | ||||||
Thule Group AB(a)(b) |
3,535 | 93,352 | ||||||
|
|
|||||||
Total Sweden |
|
3,570,656 | ||||||
Switzerland – 21.4% |
| |||||||
ABB Ltd., Registered Shares |
31,987 | 1,146,888 | ||||||
BKW AG |
691 | 121,990 | ||||||
Clariant AG, Registered Shares |
4,267 | 67,634 | ||||||
Coca-Cola HBC AG |
4,418 | 121,275 | ||||||
DKSH Holding AG |
1,076 | 72,984 | ||||||
Galenica AG(a) |
763 | 56,508 | ||||||
Geberit AG, Registered Shares |
514 | 257,899 | ||||||
Georg Fischer AG, Registered Shares |
1,016 | 57,364 | ||||||
Givaudan SA, Registered Shares |
107 | 350,195 | ||||||
Landis & Gyr Group AG |
725 | 52,544 | ||||||
Logitech International SA, Registered Shares |
1,751 | 121,123 | ||||||
Lonza Group AG, Registered Shares |
215 | 100,026 | ||||||
Nestle SA, Registered Shares |
22,124 | 2,508,902 | ||||||
Novartis AG, Registered Shares |
35,531 | 3,645,928 | ||||||
Partners Group Holding AG |
522 | 590,303 | ||||||
Roche Holding AG |
7,173 | 1,963,793 | ||||||
Roche Holding AG, Bearer Shares |
932 | 274,465 | ||||||
Schindler Holding AG, Participation Certificate |
476 | 95,221 | ||||||
Schindler Holding AG, Registered Shares |
1,042 | 201,383 | ||||||
SFS Group AG |
604 | 66,157 | ||||||
SGS SA, Registered Shares |
3,731 | 314,125 | ||||||
SIG Group AG |
5,013 | 124,065 | ||||||
Sika AG, Registered Shares |
1,079 | 274,940 |
See Notes to Financial Statements.
WisdomTree Trust | 17 |
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
September 30, 2023
Investments | Shares | Value | ||||||
Sonova Holding AG, Registered Shares |
526 | $ | 125,175 | |||||
Stadler Rail AG |
1,745 | 68,213 | ||||||
Straumann Holding AG, Registered Shares |
556 | 71,232 | ||||||
Sulzer AG, Registered Shares |
1,066 | 102,137 | ||||||
Temenos AG, Registered Shares |
735 | 51,759 | ||||||
VAT Group AG(a) |
405 | 145,655 | ||||||
Zurich Insurance Group AG |
4,018 | 1,845,170 | ||||||
|
|
|||||||
Total Switzerland |
|
14,995,053 | ||||||
United Kingdom – 15.7% |
| |||||||
Airtel Africa PLC(a) |
74,880 | 114,792 | ||||||
Ashtead Group PLC |
3,841 | 234,500 | ||||||
Auto Trader Group PLC(a) |
8,394 | 63,275 | ||||||
BAE Systems PLC |
53,296 | 649,073 | ||||||
Beazley PLC |
7,143 | 48,256 | ||||||
British American Tobacco PLC |
60,158 | 1,892,184 | ||||||
Britvic PLC |
2,142 | 22,798 | ||||||
Burberry Group PLC |
5,402 | 125,835 | ||||||
CNH Industrial NV |
16,180 | 197,687 | ||||||
Compass Group PLC |
12,521 | 305,650 | ||||||
Computacenter PLC |
2,429 | 75,007 | ||||||
Croda International PLC |
1,080 | 64,789 | ||||||
Dechra Pharmaceuticals PLC |
774 | 35,785 | ||||||
Diageo PLC |
18,210 | 674,343 | ||||||
Diploma PLC |
1,621 | 59,434 | ||||||
Drax Group PLC |
8,995 | 48,175 | ||||||
Dunelm Group PLC |
5,326 | 68,257 | ||||||
Fresnillo PLC |
13,739 | 92,431 | ||||||
Games Workshop Group PLC |
883 | 113,918 | ||||||
Greggs PLC |
1,745 | 52,139 | ||||||
Halma PLC |
2,035 | 48,149 | ||||||
Hargreaves Lansdown PLC |
11,628 | 109,737 | ||||||
Howden Joinery Group PLC |
11,519 | 103,534 | ||||||
IMI PLC |
3,318 | 63,501 | ||||||
Imperial Brands PLC |
25,977 | 528,543 | ||||||
Intertek Group PLC |
2,311 | 115,987 | ||||||
Investec PLC |
21,476 | 126,266 | ||||||
ITV PLC |
155,804 | 134,296 | ||||||
Next PLC |
2,603 | 231,800 | ||||||
Ninety One PLC(b) |
28,443 | 59,399 | ||||||
Pagegroup PLC |
18,051 | 92,359 | ||||||
Pearson PLC |
8,702 | 92,235 | ||||||
Pets at Home Group PLC |
11,787 | 48,166 | ||||||
Reckitt Benckiser Group PLC |
8,252 | 583,570 | ||||||
RELX PLC |
23,277 | 788,398 | ||||||
Rentokil Initial PLC |
14,312 | 106,593 | ||||||
Rightmove PLC |
7,786 | 53,427 | ||||||
Rotork PLC |
11,800 | 45,022 | ||||||
RS Group PLC |
4,817 | 43,237 | ||||||
Sage Group PLC |
15,151 | 182,891 | ||||||
Segro PLC |
19,549 | 171,653 | ||||||
Smith & Nephew PLC |
12,935 | 161,509 | ||||||
Spectris PLC |
1,741 | 72,122 | ||||||
Spirax-Sarco Engineering PLC |
540 | 62,786 | ||||||
Tate & Lyle PLC |
6,195 | 51,833 | ||||||
TBC Bank Group PLC |
2,426 | 88,387 | ||||||
Unilever PLC |
38,647 | 1,916,069 | ||||||
Victrex PLC |
1,282 | 21,985 | ||||||
|
|
|||||||
Total United Kingdom |
|
11,041,782 | ||||||
United States – 3.0% |
| |||||||
GSK PLC |
116,471 | 2,121,007 | ||||||
TOTAL
COMMON STOCKS (Cost: $66,377,905) |
|
69,657,091 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6% |
| |||||||
United States – 1.6% |
| |||||||
State
Street Navigator Securities Lending Government Money Market Portfolio,
5.36%(c)
|
||||||||
(Cost: $1,109,418) | 1,109,418 | 1,109,418 | ||||||
TOTAL
INVESTMENTS IN SECURITIES – 100.9% (Cost: $67,487,323) |
|
70,766,509 | ||||||
Other Assets less Liabilities – (0.9)% |
|
(612,360 | ) | |||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 70,154,149 |
* |
Non-income producing security. |
(a) |
This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(b) |
Security, or portion thereof, was on loan at September 30, 2023 (See Note 2). At September 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,934,053 and the total market value of the collateral held by the Fund was $2,046,569. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $937,151. |
(c) |
Rate shown represents annualized 7-day yield as of September 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 |
10/3/2023 | 4,300 | USD | 3,524 | GBP | $ | — | $ | (1 | ) | ||||||||||||||||||
Goldman Sachs |
10/3/2023 | 10,893 | USD | 9,968 | CHF | — | (4 | ) | ||||||||||||||||||||
Goldman Sachs |
10/3/2023 | 8,656 | USD | 8,185 | EUR | — | (10 | ) | ||||||||||||||||||||
Goldman Sachs |
10/3/2023 | 25,138 | USD | 274,484 | SEK | — | (127 | ) | ||||||||||||||||||||
$ | — | $ | (142 | ) |
See Notes to Financial Statements.
18 | WisdomTree Trust |
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
September 30, 2023
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of September 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 |
$ | 69,657,091 | $ | — | $ | — | $ | 69,657,091 | ||||||||
Investment of Cash Collateral for Securities Loaned |
— | 1,109,418 | — | 1,109,418 | ||||||||||||
Total Investments in Securities |
$ | 69,657,091 | $ | 1,109,418 | $ | — | $ | 70,766,509 | ||||||||
Liabilities: |
||||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (142 | ) | $ | — | $ | (142 | ) | ||||||
Total – Net |
$ | 69,657,091 | $ | 1,109,276 | $ | — | $ | 70,766,367 |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
WisdomTree Trust | 19 |
Schedule of Investments (unaudited)
WisdomTree Europe SmallCap Dividend Fund (DFE)
September 30, 2023
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.4% |
| |||||||
Austria – 0.8% |
| |||||||
AT&S Austria Technologie & Systemtechnik AG |
20,398 | $ | 605,130 | |||||
S IMMO AG* |
29,570 | 401,359 | ||||||
Schoeller-Bleckmann Oilfield Equipment AG |
5,248 | 310,043 | ||||||
Semperit AG Holding |
8,811 | 159,147 | ||||||
|
|
|||||||
Total Austria |
|
1,475,679 | ||||||
Belgium – 1.8% |
| |||||||
Bekaert SA |
41,013 | 1,842,852 | ||||||
Deceuninck NV |
64,293 | 147,712 | ||||||
Fagron |
25,051 | 427,281 | ||||||
Recticel SA(a) |
23,243 | 230,828 | ||||||
Xior Student Housing NV(a) |
24,989 | 716,988 | ||||||
|
|
|||||||
Total Belgium |
|
3,365,661 | ||||||
Denmark – 6.7% |
| |||||||
Cementir Holding NV |
39,124 | 310,669 | ||||||
Chemometec AS* |
2,074 | 99,059 | ||||||
D/S Norden AS |
60,539 | 3,377,985 | ||||||
Dfds AS |
36,961 | 1,223,777 | ||||||
FLSmidth & Co. AS |
18,424 | 834,981 | ||||||
Matas AS |
22,935 | 317,818 | ||||||
Per Aarsleff Holding AS |
11,359 | 522,535 | ||||||
Scandinavian Tobacco Group AS(b) |
78,679 | 1,200,874 | ||||||
Schouw & Co. AS |
9,696 | 647,712 | ||||||
Spar Nord Bank AS |
85,948 | 1,335,006 | ||||||
Sydbank AS |
61,735 | 2,946,858 | ||||||
|
|
|||||||
Total Denmark |
|
12,817,274 | ||||||
Finland – 6.2% |
| |||||||
Aktia Bank Oyj |
18,989 | 182,952 | ||||||
Caverion Oyj |
42,505 | 387,469 | ||||||
Citycon Oyj*(a) |
157,219 | 883,047 | ||||||
Harvia Oyj |
16,438 | 445,188 | ||||||
Kamux Corp.(a) |
38,546 | 226,703 | ||||||
Kemira Oyj |
50,988 | 795,718 | ||||||
Konecranes Oyj |
80,091 | 2,667,693 | ||||||
Lassila & Tikanoja Oyj(a) |
11,434 | 117,910 | ||||||
Marimekko Oyj(a) |
29,140 | 324,254 | ||||||
Musti Group Oyj* |
18,363 | 349,953 | ||||||
Outokumpu Oyj(a) |
380,194 | 1,597,643 | ||||||
Puuilo Oyj |
80,547 | 686,923 | ||||||
Terveystalo Oyj(a)(b) |
53,024 | 424,412 | ||||||
Tokmanni Group Corp.(a) |
97,430 | 1,356,475 | ||||||
Uponor Oyj |
41,226 | 1,241,350 | ||||||
|
|
|||||||
Total Finland |
|
11,687,690 | ||||||
France – 4.3% |
| |||||||
Beneteau SA |
36,203 | 439,261 | ||||||
Coface SA |
128,263 | 1,640,445 | ||||||
Derichebourg SA |
181,349 | 917,776 | ||||||
Etablissements Maurel & Prom SA |
206,107 | 1,067,512 | ||||||
Fnac Darty SA(a) |
38,228 | 938,994 | ||||||
Lectra(a) |
11,437 | 311,805 | ||||||
LISI |
12,454 | 293,381 | ||||||
Maisons du Monde SA(a)(b) |
54,320 | 418,970 | ||||||
Mersen SA |
11,614 | 464,801 | ||||||
Quadient SA |
25,111 | 507,798 | ||||||
Television Francaise 1 SA(a) |
150,925 | 1,157,692 | ||||||
|
|
|||||||
Total France |
|
8,158,435 | ||||||
Georgia – 1.2% |
| |||||||
Bank of Georgia Group PLC |
50,301 | 2,265,471 | ||||||
Germany – 7.1% |
| |||||||
7C Solarparken AG |
64,693 | 221,577 | ||||||
BayWa AG |
10,881 | 388,233 | ||||||
Bilfinger SE |
27,639 | 949,285 | ||||||
Cliq Digital AG |
9,023 | 179,216 | ||||||
CropEnergies AG |
49,434 | 414,519 | ||||||
Deutz AG |
88,343 | 390,969 | ||||||
Duerr AG |
23,981 | 652,520 | ||||||
Energiekontor AG |
3,792 | 309,138 | ||||||
Gerresheimer AG |
14,300 | 1,505,686 | ||||||
GFT Technologies SE |
5,642 | 157,580 | ||||||
Hamborner REIT AG |
33,734 | 230,367 | ||||||
Hamburger Hafen und Logistik AG |
32,404 | 577,056 | ||||||
Hornbach Holding AG & Co. KGaA |
11,987 | 767,185 | ||||||
Instone Real Estate Group SE(b) |
68,373 | 424,929 | ||||||
Jenoptik AG |
13,667 | 347,278 | ||||||
JOST Werke SE(b) |
7,016 | 337,240 | ||||||
Kloeckner & Co. SE |
212,074 | 1,534,686 | ||||||
Mutares SE & Co. KGaA |
13,596 | 396,576 | ||||||
SAF-Holland SE |
50,096 | 647,608 | ||||||
Salzgitter AG |
44,012 | 1,169,602 | ||||||
Varta AG*(a) |
63,335 | 1,205,330 | ||||||
Wacker Neuson SE |
21,299 | 435,221 | ||||||
Wuestenrot & Wuerttembergische AG |
13,659 | 209,402 | ||||||
|
|
|||||||
Total Germany |
|
13,451,203 | ||||||
Ireland – 0.3% |
| |||||||
Kenmare Resources PLC |
55,751 | 282,395 | ||||||
Origin Enterprises PLC |
56,848 | 196,212 | ||||||
|
|
|||||||
Total Ireland |
|
478,607 | ||||||
Italy – 6.4% |
| |||||||
Alerion Cleanpower SpA |
21,621 | 610,051 | ||||||
Anima Holding SpA(b) |
405,818 | 1,705,750 | ||||||
Ariston Holding NV |
37,736 | 246,310 | ||||||
Banca Popolare di Sondrio SpA |
228,683 | 1,180,568 | ||||||
Cairo Communication SpA |
126,234 | 215,177 | ||||||
Danieli & C Officine Meccaniche SpA(a) |
9,379 | 267,117 | ||||||
Danieli & C Officine Meccaniche SpA, RSP |
17,404 | 364,476 | ||||||
El.En. SpA(a) |
26,115 | 240,687 | ||||||
Esprinet SpA(a) |
78,138 | 401,234 | ||||||
Maire Tecnimont SpA(a) |
293,786 | 1,210,591 | ||||||
MARR SpA |
37,777 | 479,957 | ||||||
OVS SpA(b) |
125,319 | 261,117 | ||||||
Piaggio & C SpA |
185,830 | 595,358 | ||||||
RAI Way SpA(b) |
85,677 | 449,017 | ||||||
Salcef Group SpA |
23,632 | 551,699 |
See Notes to Financial Statements.
20 | WisdomTree Trust |
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
September 30, 2023
Investments | Shares | Value | ||||||
Sanlorenzo SpA |
13,600 | $ | 511,165 | |||||
SOL SpA |
12,644 | 358,767 | ||||||
Technogym SpA(b) |
102,940 | 797,790 | ||||||
Unieuro SpA(a)(b) |
37,112 | 332,806 | ||||||
Webuild SpA(a) |
535,259 | 954,899 | ||||||
Zignago Vetro SpA |
32,844 | 493,089 | ||||||
|
|
|||||||
Total Italy |
|
12,227,625 | ||||||
Netherlands – 2.1% |
| |||||||
AMG Critical Materials NV |
15,365 | 463,629 | ||||||
Brunel International NV |
21,326 | 293,526 | ||||||
Corbion NV(a) |
27,009 | 539,316 | ||||||
ForFarmers NV(a) |
108,513 | 284,923 | ||||||
Koninklijke Heijmans NV |
42,556 | 482,101 | ||||||
RHI Magnesita NV |
45,682 | 1,551,164 | ||||||
Sligro Food Group NV |
20,464 | 363,560 | ||||||
|
|
|||||||
Total Netherlands |
|
3,978,219 | ||||||
Norway – 6.2% |
| |||||||
ABG Sundal Collier Holding ASA |
268,347 | 129,876 | ||||||
Atea ASA* |
40,189 | 504,588 | ||||||
Austevoll Seafood ASA |
175,220 | 1,239,121 | ||||||
Bonheur ASA |
10,803 | 227,413 | ||||||
Borregaard ASA |
40,651 | 603,604 | ||||||
DNO ASA |
1,105,572 | 1,098,211 | ||||||
Europris ASA(b) |
148,295 | 832,699 | ||||||
Grieg Seafood ASA |
109,288 | 803,162 | ||||||
Kid ASA(b) |
15,583 | 129,311 | ||||||
MPC Container Ships ASA |
1,496,308 | 2,451,696 | ||||||
OKEA ASA |
156,554 | 561,431 | ||||||
SpareBank 1 Nord Norge |
69,250 | 622,810 | ||||||
SpareBank 1 SMN |
76,052 | 980,592 | ||||||
Sparebanken Vest |
32,736 | 324,257 | ||||||
TGS ASA |
87,530 | 1,205,909 | ||||||
|
|
|||||||
Total Norway |
|
11,714,680 | ||||||
Portugal – 2.2% |
| |||||||
Altri SGPS SA(a) |
185,574 | 842,098 | ||||||
Corticeira Amorim SGPS SA(a) |
35,086 | 361,443 | ||||||
CTT-Correios de Portugal SA |
112,875 | 415,285 | ||||||
Mota-Engil SGPS SA |
244,762 | 887,561 | ||||||
Sonae SGPS SA |
1,698,871 | 1,654,785 | ||||||
|
|
|||||||
Total Portugal |
|
4,161,172 | ||||||
Spain – 3.7% |
| |||||||
Applus Services SA |
64,921 | 680,478 | ||||||
Construcciones y Auxiliar de Ferrocarriles SA |
24,231 | 759,375 | ||||||
Ence Energia y Celulosa SA(a) |
367,544 | 1,235,122 | ||||||
Ercros SA(a) |
70,877 | 225,874 | ||||||
Faes Farma SA |
166,702 | 564,786 | ||||||
Global Dominion Access SA(b) |
58,022 | 205,793 | ||||||
Indra Sistemas SA |
64,471 | 935,144 | ||||||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros(a) |
431,937 | 400,149 | ||||||
Pharma Mar SA(a) |
4,578 | 155,684 | ||||||
Sacyr SA(a) |
578,761 | 1,704,707 | ||||||
Talgo SA(a)(b) |
65,658 | 244,347 | ||||||
|
|
|||||||
Total Spain |
|
7,111,459 | ||||||
Sweden – 15.1% |
| |||||||
AcadeMedia AB(b) |
84,709 | 364,591 | ||||||
AddLife AB, Class B |
40,164 | 239,375 | ||||||
Addnode Group AB(a) |
25,431 | 156,249 | ||||||
AFRY AB |
68,772 | 812,791 | ||||||
Akelius Residential Property AB, Class D |
133,120 | 244,955 | ||||||
Ambea AB(b) |
61,563 | 195,951 | ||||||
Beijer Alma AB |
15,290 | 263,461 | ||||||
Betsson AB, Class B* |
124,457 | 1,376,975 | ||||||
Bilia AB, Class A |
51,353 | 503,405 | ||||||
BioGaia AB, Class B |
18,610 | 172,496 | ||||||
Biotage AB |
11,078 | 109,514 | ||||||
Bufab AB |
11,518 | 292,397 | ||||||
Catena AB |
20,510 | 717,384 | ||||||
Clas Ohlson AB, Class B(a) |
116,676 | 1,257,595 | ||||||
Cloetta AB, Class B |
340,668 | 572,578 | ||||||
Coor Service Management Holding AB(b) |
62,674 | 256,137 | ||||||
Corem Property Group AB, Class B(a) |
1,069,621 | 596,137 | ||||||
Dios Fastigheter AB |
131,932 | 757,162 | ||||||
Electrolux Professional AB, Class B |
58,768 | 305,356 | ||||||
Ferronordic AB |
12,821 | 80,248 | ||||||
G5 Entertainment AB |
8,110 | 117,945 | ||||||
GARO AB(a) |
13,954 | 48,936 | ||||||
Granges AB |
72,559 | 687,909 | ||||||
HMS Networks AB |
10,615 | 390,825 | ||||||
Instalco AB(a) |
71,781 | 214,731 | ||||||
Inwido AB |
68,782 | 696,418 | ||||||
JM AB |
126,047 | 1,720,584 | ||||||
KNOW IT AB(a) |
14,624 | 170,682 | ||||||
Lagercrantz Group AB, Class B |
61,281 | 626,111 | ||||||
Lindab International AB |
46,936 | 691,239 | ||||||
Medicover AB, Class B |
14,998 | 198,377 | ||||||
MEKO AB |
36,242 | 316,745 | ||||||
MIPS AB(a) |
7,998 | 272,975 | ||||||
Munters Group AB(b) |
34,377 | 444,576 | ||||||
Mycronic AB |
31,972 | 665,090 | ||||||
NCC AB, Class B(a) |
113,138 | 1,232,998 | ||||||
New Wave Group AB, Class B(a) |
54,800 | 384,158 | ||||||
Nolato AB, Class B |
150,176 | 619,547 | ||||||
Nordic Waterproofing Holding AB |
16,464 | 246,410 | ||||||
Paradox Interactive AB |
12,694 | 268,270 | ||||||
Peab AB, Class B |
325,039 | 1,345,728 | ||||||
Platzer Fastigheter Holding AB, Class B |
29,164 | 180,393 | ||||||
Ratos AB, Class B |
149,267 | 448,177 | ||||||
Rvrc Holding AB(a) |
67,233 | 238,752 | ||||||
Sagax AB, Class D(a) |
189,193 | 446,678 | ||||||
Samhallsbyggnadsbolaget i Norden AB, Class D(a) |
525,807 | 208,499 | ||||||
Skandinaviska Enskilda Banken AB, Class C(a) |
20,540 | 245,780 | ||||||
SkiStar AB(a) |
24,280 | 249,858 | ||||||
SSAB AB, Class A |
911,481 | 5,176,486 | ||||||
Svenska Handelsbanken AB, Class B(a) |
34,053 | 361,712 | ||||||
Troax Group AB |
20,978 | 299,294 | ||||||
Vitec Software Group AB, Class B |
3,702 | 174,976 | ||||||
|
|
|||||||
Total Sweden |
|
28,665,616 |
See Notes to Financial Statements.
WisdomTree Trust | 21 |
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
September 30, 2023
Investments | Shares | Value | ||||||
Switzerland – 3.9% |
| |||||||
Arbonia AG |
31,193 | $ | 286,084 | |||||
Ascom Holding AG, Registered Shares |
26,894 | 305,747 | ||||||
Comet Holding AG, Registered Shares |
3,764 | 841,016 | ||||||
Huber & Suhner AG, Registered Shares |
12,628 | 913,832 | ||||||
Landis & Gyr Group AG |
24,299 | 1,761,067 | ||||||
Medmix AG(b) |
24,825 | 630,937 | ||||||
Mobilezone Holding AG, Registered Shares |
69,125 | 1,033,701 | ||||||
Swissquote Group Holding SA, Registered Shares |
6,208 | 1,137,364 | ||||||
u-blox Holding AG |
2,749 | 234,092 | ||||||
Zehnder Group AG |
6,003 | 353,041 | ||||||
|
|
|||||||
Total Switzerland |
|
7,496,881 | ||||||
United Kingdom – 30.3% |
| |||||||
AG Barr PLC |
77,147 | 462,334 | ||||||
AJ Bell PLC |
154,603 | 517,795 | ||||||
Alliance Pharma PLC(a) |
255,078 | 147,262 | ||||||
Ashmore Group PLC |
649,116 | 1,487,899 | ||||||
Bloomsbury Publishing PLC |
57,277 | 280,337 | ||||||
Bodycote PLC |
109,120 | 869,041 | ||||||
Bytes Technology Group PLC |
86,193 | 524,752 | ||||||
Central Asia Metals PLC |
167,265 | 383,812 | ||||||
Chemring Group PLC |
111,578 | 377,918 | ||||||
Chesnara PLC |
76,796 | 257,767 | ||||||
Clarkson PLC |
13,376 | 446,518 | ||||||
Close Brothers Group PLC |
147,232 | 1,592,177 | ||||||
CLS Holdings PLC(a) |
397,000 | 575,655 | ||||||
CMC Markets PLC(b) |
244,662 | 314,150 | ||||||
Coats Group PLC |
828,273 | 741,025 | ||||||
Concentric AB |
10,594 | 159,531 | ||||||
Craneware PLC(a) |
10,399 | 190,387 | ||||||
Cranswick PLC |
37,256 | 1,615,194 | ||||||
Crest Nicholson Holdings PLC |
312,830 | 663,229 | ||||||
DFS Furniture PLC |
307,162 | 406,399 | ||||||
DiscoverIE Group PLC |
24,181 | 200,106 | ||||||
Diversified Energy Co. PLC |
1,764,720 | 1,737,143 | ||||||
Domino’s Pizza Group PLC |
331,725 | 1,523,994 | ||||||
EMIS Group PLC |
21,556 | 508,312 | ||||||
Empiric Student Property PLC |
591,222 | 645,846 | ||||||
Essentra PLC |
145,055 | 286,462 | ||||||
FDM Group Holdings PLC |
57,778 | 366,709 | ||||||
Fevertree Drinks PLC |
33,367 | 488,713 | ||||||
Firstgroup PLC |
172,813 | 318,289 | ||||||
Forterra PLC(b) |
317,488 | 576,615 | ||||||
Gamma Communications PLC |
22,030 | 293,625 | ||||||
Genuit Group PLC |
149,589 | 601,604 | ||||||
Great Portland Estates PLC |
104,610 | 533,454 | ||||||
Halfords Group PLC |
185,560 | 449,120 | ||||||
Hammerson PLC(a) |
1,607,598 | 494,070 | ||||||
Helical PLC |
48,249 | 124,553 | ||||||
Hill & Smith PLC |
43,759 | 919,721 | ||||||
Hilton Food Group PLC |
59,192 | 518,009 | ||||||
Hollywood Bowl Group PLC |
74,008 | 223,568 | ||||||
Hunting PLC |
95,402 | 355,733 | ||||||
I3 Energy PLC(a) |
1,323,696 | 240,084 | ||||||
Ibstock PLC(b) |
562,865 | 978,982 | ||||||
Impax Asset Management Group PLC |
74,116 | 414,769 | ||||||
IntegraFin Holdings PLC |
242,391 | 701,757 | ||||||
Jadestone Energy PLC* |
314,168 | 124,624 | ||||||
James Halstead PLC(a) |
93,872 | 237,171 | ||||||
Keller Group PLC |
31,626 | 289,894 | ||||||
Learning Technologies Group PLC |
137,681 | 107,802 | ||||||
Liontrust Asset Management PLC |
103,046 | 763,441 | ||||||
Lok’nStore Group PLC(a) |
17,232 | 150,803 | ||||||
Mitie Group PLC |
530,515 | 665,650 | ||||||
MJ Gleeson PLC |
41,692 | 212,708 | ||||||
Moneysupermarket.com Group PLC |
586,742 | 1,737,374 | ||||||
Morgan Advanced Materials PLC |
178,574 | 533,998 | ||||||
Morgan Sindall Group PLC |
40,520 | 1,016,335 | ||||||
Mortgage Advice Bureau Holdings Ltd.(a) |
13,210 | 86,422 | ||||||
NCC Group PLC |
120,919 | 174,153 | ||||||
Next 15 Group PLC |
24,947 | 195,178 | ||||||
Ninety One PLC(a) |
646,011 | 1,349,104 | ||||||
Oxford Instruments PLC |
9,676 | 257,459 | ||||||
Pagegroup PLC |
419,693 | 2,147,378 | ||||||
Pan African Resources PLC |
1,771,919 | 310,998 | ||||||
PayPoint PLC |
52,939 | 337,935 | ||||||
Pets at Home Group PLC |
352,963 | 1,442,348 | ||||||
Premier Foods PLC |
207,479 | 303,886 | ||||||
PZ Cussons PLC |
238,041 | 411,406 | ||||||
Quilter PLC(b) |
1,445,056 | 1,512,426 | ||||||
Redde Northgate PLC |
231,161 | 953,645 | ||||||
Redrow PLC |
449,909 | 2,717,126 | ||||||
Restore PLC(a) |
50,343 | 144,398 | ||||||
RWS Holdings PLC |
221,445 | 648,143 | ||||||
Savills PLC |
101,333 | 1,070,467 | ||||||
Serica Energy PLC |
368,989 | 1,120,519 | ||||||
Shaftesbury Capital PLC |
260,597 | 365,146 | ||||||
Smart Metering Systems PLC |
79,100 | 600,513 | ||||||
Speedy Hire PLC |
546,872 | 213,261 | ||||||
Spirent Communications PLC |
212,214 | 357,444 | ||||||
SThree PLC |
66,278 | 302,550 | ||||||
TBC Bank Group PLC |
28,166 | 1,026,183 | ||||||
Telecom Plus PLC |
55,552 | 1,010,279 | ||||||
TP ICAP Group PLC |
687,526 | 1,427,411 | ||||||
TT Electronics PLC |
94,921 | 196,955 | ||||||
Tyman PLC |
192,330 | 678,423 | ||||||
Vertu Motors PLC |
410,913 | 374,650 | ||||||
Vesuvius PLC |
216,890 | 1,149,436 | ||||||
Videndum PLC(a) |
27,408 | 110,227 | ||||||
Volex PLC |
34,943 | 134,133 | ||||||
Volution Group PLC |
57,819 | 255,326 | ||||||
Watkin Jones PLC(a) |
425,322 | 207,651 | ||||||
Wickes Group PLC |
444,845 | 745,478 | ||||||
Wincanton PLC |
97,818 | 327,133 | ||||||
Workspace Group PLC |
173,368 | 1,038,130 | ||||||
XPS Pensions Group PLC |
141,379 | 336,492 | ||||||
YouGov PLC |
13,190 | 120,743 | ||||||
|
|
|||||||
Total United Kingdom |
|
57,514,775 |
See Notes to Financial Statements.
22 | WisdomTree Trust |
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe SmallCap Dividend Fund (DFE)
September 30, 2023
Investments | Shares | Value | ||||||
United States – 0.1% |
| |||||||
PolyPeptide Group AG*(a)(b) |
7,684 | $ | 140,441 | |||||
TOTAL
COMMON STOCKS (Cost: $209,882,273) |
|
186,710,888 | ||||||
EXCHANGE-TRADED FUND – 0.3% |
| |||||||
United States – 0.3% |
| |||||||
WisdomTree International MidCap Dividend Fund(c) |
||||||||
(Cost: $588,027) | 10,400 | 583,960 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.2% |
| |||||||
United States – 6.2% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 5.36%(d) |
||||||||
(Cost: $11,862,323) | 11,862,323 | 11,862,323 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 104.9% (Cost: $222,332,623) |
199,157,171 | |||||||
Other Assets less Liabilities – (4.9)% |
(9,325,234 | ) | ||||||
|
|
|||||||
NET ASSETS – 100.0% | $ | 189,831,937 |
* |
Non-income producing security. |
(a) |
Security, or portion thereof, was on loan at September 30, 2023 (See Note 2). At September 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $16,511,178 and the total market value of the collateral held by the Fund was $17,432,437. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,570,114. |
(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. |