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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)


Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Terms and Indexes (unaudited)

       13  
Schedules of Investments (unaudited)     

WisdomTree Europe Quality Dividend Growth Fund

       16  

WisdomTree Europe SmallCap Dividend Fund

       20  

WisdomTree International AI Enhanced Value Fund

       24  

WisdomTree International Equity Fund

       26  

WisdomTree International High Dividend Fund

       37  

WisdomTree International LargeCap Dividend Fund

       44  

WisdomTree International MidCap Dividend Fund

       48  

WisdomTree International Multifactor Fund

       55  

WisdomTree International Quality Dividend Growth Fund

       60  

WisdomTree International SmallCap Dividend Fund

       64  

WisdomTree Japan SmallCap Dividend Fund

       74  

Statements of Assets and Liabilities (unaudited)

       83  

Statements of Operations (unaudited)

       86  

Statements of Changes in Net Assets (unaudited)

       89  

Financial Highlights (unaudited)

       93  

Notes to Financial Statements (unaudited)

       99  

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

       112  

General Information (unaudited)

       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  


Performance Summary

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.