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WisdomTree Trust

Semi-Annual Report

September 30, 2023

 

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

WisdomTree Emerging Markets High Dividend Fund (DEM)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

WisdomTree Global High Dividend Fund (DEW)

WisdomTree Growth Leaders Fund (PLAT)

WisdomTree India Earnings Fund (EPI)

WisdomTree India ex-State-Owned Enterprises Fund (IXSE)

WisdomTree New Economy Real Estate Fund (WTRE)


Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Terms and Indexes (unaudited)

       14  

Schedules of Investments (unaudited)

    

WisdomTree China ex-State-Owned Enterprises Fund

       18  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       22  

WisdomTree Emerging Markets High Dividend Fund

       29  

WisdomTree Emerging Markets Multifactor Fund

       35  

WisdomTree Emerging Markets Quality Dividend Growth Fund

       40  

WisdomTree Emerging Markets SmallCap Dividend Fund

       44  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

       55  

WisdomTree Global High Dividend Fund

       60  

WisdomTree Growth Leaders Fund

       69  

WisdomTree India Earnings Fund (consolidated)

       71  

WisdomTree India ex-State-Owned Enterprises Fund

       78  

WisdomTree New Economy Real Estate Fund

       81  

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)

       113  

General Information (unaudited)

       116  

 

“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 China ex-State-Owned Enterprises Fund (CXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    34.9%  

Health Care

    13.8%  

Information Technology

    10.9%  

Communication Services

    9.9%  

Financials

    9.3%  

Industrials

    8.0%  

Consumer Staples

    5.5%  

Real Estate

    3.4%  

Materials

    3.3%  

Utilities

    0.8%  

Energy

    0.0%

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Alibaba Group Holding Ltd.

    10.6%  

NetEase, Inc.

    4.9%  

PDD Holdings, Inc., ADR

    4.5%  

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

    4.5%  

Meituan, Class B

    4.4%  

Wuxi Biologics Cayman, Inc.

    2.7%  

Kuaishou Technology

    2.6%  

Contemporary Amperex Technology Co. Ltd., Class A

    2.5%  

JD.com, Inc., Class A

    2.4%  

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

    2.2%  
*

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

The WisdomTree China ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%. 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      $ 863.50        0.32   $ 1.49  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32   $ 1.62  

Performance

 

   
      Average Annual Total Return  
      6-Month*     1 Year     3 Year     5 Year         10 Year      

Fund NAV Returns

     -13.65     -4.80     -17.89     -2.63     3.02

Fund Market Price Returns

     -13.75     -4.92     -18.32     -2.72     3.00

WisdomTree China Dividend ex-Financials/

China ex-State-Owned Enterprises Spliced Index1

     -13.58     -4.39     -17.70     -2.85     3.37

MSCI China Index

     -11.46     5.24     -14.27     -4.16     1.67
*

Returns of less than one year are cumulative.

1 

WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter.

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

 

2   WisdomTree Trust


Performance Summary

as of September 30, 2023 (unaudited)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    24.4%  

Consumer Discretionary

    19.5%  

Financials

    15.5%  

Communication Services

    8.2%  

Consumer Staples

    7.4%  

Materials

    7.1%  

Industrials

    6.6%  

Health Care

    5.8%  

Energy

    3.1%  

Real Estate

    1.5%  

Utilities

    0.9%  

Other Assets less Liabilities‡

    0.0%

Total

    100.0%  

 

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

Taiwan Semiconductor Manufacturing Co. Ltd.

    8.0%  

Samsung Electronics Co. Ltd.

    4.4%  

Alibaba Group Holding Ltd.

    3.9%  

Reliance Industries Ltd., GDR

    2.0%  

PDD Holdings, Inc., ADR

    1.6%  

Meituan, Class B

    1.6%  

NetEase, Inc.

    1.3%  

Al Rajhi Bank

    1.2%  

ICICI Bank Ltd., ADR

    1.1%  

Infosys Ltd., ADR

    1.1%  
*

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

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in emerging market companies that are not state-owned enterprises, which is defined as government ownership of more than 20%. 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      $ 977.50        0.32   $ 1.58  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32   $ 1.62  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      Since Inception1  

Fund NAV Returns

       -2.25      9.13      -5.42      0.71      2.78

Fund Market Price Returns

       -2.97      9.77      -5.89      0.57      2.81

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       -1.72      9.98      -4.68      1.22      3.67

MSCI Emerging Markets Index

       -2.05      11.70      -1.73      0.55      2.40
*

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 December 10, 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.

 

WisdomTree Trust      3  


Performance Summary

as of September 30, 2023 (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.4%  

Information Technology

    21.4%  

Materials

    20.0%  

Energy

    17.2%  

Utilities

    4.1%  

Industrials

    3.6%  

Real Estate

    2.7%  

Consumer Staples

    2.4%  

Communication Services

    1.8%  

Consumer Discretionary

    1.5%  

Health Care

    0.4%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.5%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Vale SA

    5.1%  

Petroleo Brasileiro SA

    4.7%  

MediaTek, Inc.

    3.8%  

China Construction Bank Corp., Class H

    2.9%  

POSCO Holdings, Inc.

    2.5%  

PetroChina Co. Ltd., Class H

    2.1%  

Industrial & Commercial Bank of China Ltd., Class H

    2.0%  

Bank of China Ltd., Class H

    1.7%  

Nan Ya Plastics Corp.

    1.7%  

Hon Hai Precision Industry Co. Ltd.

    1.7%  
*

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

The WisdomTree Emerging Markets High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the emerging markets region. 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      $ 1,044.00        0.63   $ 3.22  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.85        0.63   $ 3.18  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year        10 Year    

Fund NAV Returns

       4.40      21.80      9.30      2.86      1.89

Fund Market Price Returns

       3.91      22.61      9.14      2.96      1.90

WisdomTree Emerging Markets High Dividend Index

       4.70      22.84      10.43      3.84      2.78

MSCI Emerging Markets Index

       -2.05      11.70      -1.73      0.55      2.07

MSCI Emerging Markets Value Index

       1.72      16.03      4.40      0.38      1.21
*

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.

 

4   WisdomTree Trust


Performance Summary

as of September 30, 2023 (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    20.9%  

Financials

    19.5%  

Consumer Discretionary

    11.9%  

Consumer Staples

    10.2%  

Industrials

    9.9%  

Health Care

    6.5%  

Communication Services

    6.1%  

Energy

    5.8%  

Utilities

    4.2%  

Materials

    4.1%  

Real Estate

    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  

Taiwan Semiconductor Manufacturing Co. Ltd.

    5.5%  

Samsung Electronics Co. Ltd.

    2.2%  

Wiwynn Corp.

    1.5%  

PICC Property & Casualty Co. Ltd., Class H

    1.4%  

People’s Insurance Co. Group of China Ltd., Class H

    1.4%  

Quanta Computer, Inc.

    1.3%  

Vipshop Holdings Ltd., ADR

    1.3%  

Meritz Financial Group, Inc.

    1.3%  

Lite-On Technology Corp., ADR

    1.2%  

Sinopharm Group Co. Ltd., Class H

    1.1%  
*

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

The WisdomTree Emerging Markets Multifactor Fund (the “Fund”) seeks capital appreciation by investing in equity securities of emerging markets countries with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

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      $ 1,074.40        0.48   $ 2.49  

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      Since Inception1  

Fund NAV Returns

       7.44      19.46      4.71      1.12      1.12

Fund Market Price Returns

       8.05      21.15      4.72      1.22      1.33

MSCI Emerging Markets Index

       -2.05      11.70      -1.73      0.55      0.34
*

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      5  


Performance Summary

as of September 30, 2023 (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.9%  

Financials

    14.2%  

Industrials

    12.4%  

Consumer Discretionary

    10.8%  

Consumer Staples

    10.6%  

Materials

    8.4%  

Energy

    7.0%  

Health Care

    5.3%  

Communication Services

    3.4%  

Utilities

    3.4%  

Real Estate

    0.6%  

Other Assets less Liabilities‡

    0.0%

Total

    100.0%  

 

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

Taiwan Semiconductor Manufacturing Co. Ltd.

    5.9%  

Samsung Electronics Co. Ltd.

    3.7%  

Reliance Industries Ltd.

    1.5%  

Infosys Ltd.

    1.2%  

Tata Consultancy Services Ltd.

    1.0%  

Grupo Bimbo SAB de CV, Series A

    0.9%  

Vale SA

    0.9%  

Cipla Ltd.

    0.8%  

Ford Otomotiv Sanayi AS

    0.8%  

Samsung Electronics Co. Ltd.

    0.8%  
*

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

The WisdomTree Emerging Markets Quality Dividend Growth Fund (the “Fund”) seeks income and capital appreciation by investing in dividend-paying companies with growth characteristics in the emerging markets region.

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      $ 1,000.30        0.32   $ 1.60  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.40        0.32   $ 1.62  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year        10 Year    

Fund NAV Returns

       0.03      17.85      0.31      1.25      1.59

Fund Market Price Returns

       -0.27      18.55      0.28      1.50      1.60

MSCI Emerging Markets Index

       -2.05      11.70      -1.73      0.55      2.07
*

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 Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.6%  

Financials

    15.2%  

Industrials

    14.3%  

Materials

    10.7%  

Consumer Discretionary

    9.7%  

Real Estate

    5.5%  

Consumer Staples

    5.4%  

Utilities

    4.8%  

Energy

    4.0%  

Health Care

    3.9%  

Communication Services

    2.7%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

Wistron Corp.

    1.9%  

Gigabyte Technology Co. Ltd.

    1.3%  

King Yuan Electronics Co. Ltd.

    1.0%  

Growthpoint Properties Ltd.

    0.9%  

Banco del Bajio SA

    0.9%  

Acer, Inc.

    0.9%  

China Galaxy Securities Co. Ltd., Class H

    0.8%  

Thungela Resources Ltd.

    0.8%  

Transmissora Alianca de Energia Eletrica SA

    0.8%  

Truworths International Ltd.

    0.8%  
*

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

The WisdomTree Emerging Markets SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the emerging markets region. 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      $ 1,049.50        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

       4.95      20.97      9.00      4.68      3.81

Fund Market Price Returns

       4.65      21.54      8.81      4.84      3.83

WisdomTree Emerging Markets SmallCap Dividend Index

       5.72      22.63      10.25      5.88      4.87

MSCI Emerging Markets Small Cap Index

       9.50      23.06      10.61      6.45      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.

 

WisdomTree Trust      7  


Performance Summary

as of September 30, 2023 (unaudited)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.4%  

Consumer Discretionary

    16.2%  

Consumer Staples

    15.8%  

Industrials

    14.5%  

Health Care

    13.1%  

Communication Services

    7.2%  

Financials

    4.8%  

Materials

    3.2%  

Utilities

    1.3%  

Energy

    1.0%  

Real Estate

    1.0%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    7.9%  

LVMH Moet Hennessy Louis Vuitton SE

    4.6%  

Novo Nordisk AS, Class B

    4.6%  

GSK PLC

    4.4%  

Unilever PLC

    4.1%  

Nestle SA, Registered Shares

    3.9%  

SAP SE

    3.2%  

Tencent Holdings Ltd.

    2.8%  

ASML Holding NV

    2.6%  

Infosys Ltd.

    2.3%  
*

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 Global ex-U.S. Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in developed and emerging equity markets, excluding the U.S. 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      $ 957.60        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      10 Year  

Fund NAV Returns

     -4.24      23.10      3.15      5.85      5.47

Fund Market Price Returns

     -4.62      24.21      2.96      5.85      5.53

WisdomTree Global ex-U.S. Quality Dividend Growth Index

     -4.07      23.85      3.67      6.42      6.06

MSCI AC World ex-USA Growth Index

     -5.50      15.84      -1.86      2.54      3.92

MSCI AC World ex-USA Index

     -1.43      20.39      3.74      2.58      3.35
*

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 Global High Dividend Fund (DEW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    25.4%  

Energy

    14.5%  

Health Care

    10.6%  

Consumer Staples

    7.9%  

Utilities

    7.5%  

Information Technology

    7.4%  

Materials

    7.2%  

Real Estate

    6.1%  

Communication Services

    5.2%  

Industrials

    4.1%  

Consumer Discretionary

    3.5%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.5%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Exxon Mobil Corp.

    4.4%  

Chevron Corp.

    2.9%  

AbbVie, Inc.

    2.7%  

JPMorgan Chase & Co.

    2.6%  

Philip Morris International, Inc.

    2.2%  

Broadcom, Inc.

    2.1%  

Merck & Co., Inc.

    1.9%  

Coca-Cola Co.

    1.9%  

Pfizer, Inc.

    1.7%  

Verizon Communications, Inc.

    1.6%  
*

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

The WisdomTree Global High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the U.S. and in developed and emerging equity markets. 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      $ 997.20        0.58   $ 2.90  

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

       -0.28      15.47      10.73      3.60      4.03

Fund Market Price Returns

       -0.33      15.32      10.64      3.64      3.96

WisdomTree Global High Dividend Index

       -0.55      14.98      10.43      3.31      3.86

MSCI AC World Index

       2.56      20.80      6.89      6.46      7.56
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      9  


Performance Summary

as of September 30, 2023 (unaudited)

WisdomTree Growth Leaders Fund (PLAT)

 

Sector Breakdown

 

Sector   % of Net Assets  

Communication Services

    26.4%  

Information Technology

    26.3%  

Consumer Discretionary

    22.2%  

Financials

    17.3%  

Industrials

    3.7%  

Health Care

    2.0%  

Real Estate

    1.1%  

Consumer Staples

    0.9%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

Top Ten Holdings*

 

Description   % of Net Assets  

Alphabet, Inc., Class A

    9.8%  

Microsoft Corp.

    8.6%  

Apple, Inc.

    8.4%  

Amazon.com, Inc.

    7.1%  

Meta Platforms, Inc., Class A

    5.0%  

Visa, Inc., Class A

    3.6%  

Mastercard, Inc., Class A

    2.9%  

Salesforce, Inc.

    2.2%  

Booking Holdings, Inc.

    1.9%  

Alibaba Group Holding Ltd., ADR

    1.7%  
*

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

The WisdomTree Growth Leaders Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Growth Leaders Index (the “Index”). In seeking to track the Index, the Fund invests in high growth mid- and large-cap companies that are generating substantial revenue from a modern platform business. 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      $ 1,062.20        0.20   $ 1.03  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.00        0.20   $ 1.01  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      Since Inception1  

Fund NAV Returns

       6.22      24.17      -5.18      5.45

Fund Market Price Returns

       6.19      24.00      -5.40      5.40

WisdomTree Growth Leaders Index

       6.29      24.30      -4.94      5.73

MSCI AC World Index

       2.56      20.80      6.89      7.99

S&P 500® Index

       5.18      21.62      10.15      11.62
*

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 22, 2019.

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 India Earnings Fund (EPI)

 

Sector Breakdaown

 

Sector   % of Net Assets  

Financials

    25.5%  

Energy

    16.1%  

Materials

    13.8%  

Information Technology

    12.8%  

Consumer Discretionary

    7.5%  

Industrials

    7.4%  

Utilities

    7.0%  

Health Care

    4.7%  

Consumer Staples

    4.6%  

Communication Services

    1.7%  

Real Estate

    0.7%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    -1.8%  

Total

    100.0%  

 

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

 

Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Reliance Industries Ltd.

    8.1%  

HDFC Bank Ltd.

    6.7%  

ICICI Bank Ltd.

    5.2%  

Infosys Ltd.

    5.1%  

Tata Consultancy Services Ltd.

    3.0%  

Oil & Natural Gas Corp. Ltd.

    2.9%  

Coal India Ltd.

    2.4%  

State Bank of India

    2.4%  

NTPC Ltd.

    2.1%  

Power Grid Corp. of India Ltd.

    2.0%  
*

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

The WisdomTree India Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index (the “Index”). In seeking to track the Index, the Fund invests in profitable companies in the Indian 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      $ 1,175.70        0.89   $ 4.84  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.55        0.89   $ 4.50  

Performance

 

   
        Average Annual Total Return  
        6-Month*      1 Year      3 Year      5 Year      10 Year  

Fund NAV Returns

       17.57      19.54      19.61      11.15      10.92

Fund Market Price Returns

       16.60      20.65      19.02      11.02      10.87

WisdomTree India Earnings Index

       20.86      24.89      23.44      13.53      12.79

MSCI India Index

       15.28      10.10      14.94      9.84      9.75
*

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 India ex-State-Owned Enterprises Fund (IXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    19.5%  

Consumer Discretionary

    16.6%  

Information Technology

    13.3%  

Materials

    13.0%  

Consumer Staples

    10.9%  

Energy

    9.3%  

Health Care

    8.4%  

Industrials

    5.2%  

Communication Services

    4.5%  

Real Estate

    1.5%  

Utilities

    1.0%  

Other Assets less Liabilities‡

    -3.2%  

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  

Reliance Industries Ltd.

    9.2%  

Infosys Ltd.

    7.4%  

ICICI Bank Ltd.

    7.1%  

Axis Bank Ltd.

    3.9%  

Hindustan Unilever Ltd.

    3.5%  

Bharti Airtel Ltd.

    3.3%  

Kotak Mahindra Bank Ltd.

    2.8%  

Mahindra & Mahindra Ltd.

    2.3%  

Asian Paints Ltd.

    2.2%  

Maruti Suzuki India Ltd.

    2.1%  
*

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

The WisdomTree India ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Indian companies that are not state-owned, which is defined as government ownership greater than 20%. 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      $ 1,137.90        0.58   $ 3.10  

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      Since Inception1  

Fund NAV Returns

       13.79      7.16      12.50      7.83

Fund Market Price Returns

       12.54      7.68      11.75      7.34

WisdomTree India ex-State-Owned Enterprises Index

       16.01      8.84      15.42      10.48

MSCI India Index

       15.28      10.10      14.94      8.68
*

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 April 4, 2019.

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


Performance Summary

as of September 30, 2023 (unaudited)

WisdomTree New Economy Real Estate Fund (WTRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Real Estate

    87.6%  

Communication Services

    6.4%  

Consumer Discretionary

    4.3%  

Information Technology

    1.0%  

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  

Ventas, Inc.

    5.7%  

Iron Mountain, Inc.

    5.2%  

Cellnex Telecom SA

    5.2%  

Goodman Group

    5.1%  

Equinix, Inc.

    4.3%  

Airbnb, Inc., Class A

    4.3%  

Crown Castle, Inc.

    4.2%  

Digital Realty Trust, Inc.

    4.2%  

Prologis, Inc.

    4.2%  

American Tower Corp.

    4.1%  
*

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

The WisdomTree New Economy Real Estate Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the CenterSquare New Economy Real Estate Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in global equity securities, including American Depositary Receipts, of listed real estate investment trusts and companies identified as being significantly real estate related. 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      $ 941.10        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

       -5.89      2.83      -9.66      -7.98      -1.08

Fund Market Price Returns

       -6.05      2.69      -9.90      -8.11      -1.13

WisdomTree Global ex-U.S. Real Estate/CenterSquare New Economy Real Estate Spliced Index1

       -5.89      2.95      -9.55      -7.84      -0.90

Dow Jones Global ex-U.S. Select Real Estate Securities Index/MSCI World Real Estate Investment Trust USD Spliced Index2

       -9.31      -4.96      -7.04      -6.37      -1.85

MSCI AC World ex-USA Index

       -1.43      20.39      3.74      2.58      3.35
*

Returns of less than one year are cumulative.

1 

WisdomTree Global ex-U.S. Real Estate Index through April 20, 2022; CenterSquare New Economy Real Estate Index thereafter.

2 

Dow Jones Global ex-U.S. Select Real Estate Securities Index through April 20, 2022; MSCI World Real Estate Investment Trust USD Index thereafter.

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

 

WisdomTree Trust      13  


Description of Terms and Indexes (unaudited)

 

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

The CenterSquare New Economy Real Estate Index is a weighted index that consists of global stocks of real estate companies that have material direct and/or indirect exposure to technology, sciences and/or ecommerce related business models and meet specific screening requirements that consider factors including growth, valuation and leverage criteria.

Correlation is a statistical measure of how two sets of returns move in relation to each other. Correlation coefficients range from -1 to 1. A correlation of 1 means the two subjects of analysis move in lockstep with each other. A correlation of -1 means the two subjects of analysis have moved in exactly the opposite direction.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.

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

Growth is generally characterized by higher price levels relative to fundamentals, such as

dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.

Momentum is generally characterized by assets with recent price increase trends over time. This term is also associated with the momentum factor which associates these stock characteristics with excess return vs. the market over time.

The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI AC World ex-USA Index is a free float-adjusted market capitalization-weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the U.S.

The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.

The MSCI China Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the Chinese equity market.

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

The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.

The MSCI Emerging Markets Value Index captures large and mid cap securities exhibiting overall value style characteristics across 27 Emerging Markets countries.

The MSCI India Index is a free float-adjusted market capitalization index that is designed to measure the performance of the Indian equity market.

The MSCI World Real Estate Investment Trusts Index is a free float-adjusted market capitalization index that captures large and mid cap companies.

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.

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

The WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the Financials sector.

 

14   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

The WisdomTree China ex-State-Owned Enterprises Index measures the performance of Chinese stocks that are not state-owned enterprises. WisdomTree, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises.” WisdomTree, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Global ex-U.S. Quality Dividend Growth Index is comprised of growth

companies selected from developed and emerging markets outside the U.S.

The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.

The WisdomTree Global High Dividend Index is comprised of high dividend-paying companies selected from the WisdomTree Global Dividend Index.

The WisdomTree Growth Leaders Index is a modified market capitalization-weighted index that is designed to provide exposure to mid and large-cap companies that are leveraging platform-based business models with high revenue growth.

The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.

The WisdomTree India ex-State-Owned Enterprises Index measures the performance of Indian stocks that are not state-owned enterprises. State-owned enterprises are defined as government ownership of more than 20% of outstanding shares of companies.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree, 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

 

WisdomTree Trust      15  


Description of Terms and Indexes (unaudited) (continued)

 

foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

The New Economy Real Estate Fund is not sponsored, endorsed, sold or promoted by CenterSquare Investment Management LLC (“CenterSquare”), any of its affiliates or any other third party involved in, or related to, calculating, compiling or creating the CenterSquare New Economy Real Estate Index (collectively, the “CenterSquare Parties”). The CenterSquare New Economy Real Estate Index is the exclusive property of CenterSquare and has been licensed for use by WisdomTree Asset Management and WisdomTree Trust as the Issuer of the New Economy Real Estate Fund. CenterSquare and the CenterSquare New Economy Real Estate Index’s name are trademarks of CenterSquare. None of the CenterSquare Parties makes any representation or warranty, express or implied, to the issuer or owners of shares of the New Economy Real Estate Fund, or any other person or entity, regarding the advisability of investing in funds generally, or in the New Economy Real Estate Fund particularly, or the ability of the CenterSquare New Economy Real Estate Index to track its corresponding market performance. None of the CenterSquare Parties has any obligation to take the needs of the issuer or owners of shares of the New Economy Real Estate Fund, or any other person or entity, into consideration in determining, composing or calculating the CenterSquare New Economy Real Estate Index. None of the CenterSquare Parties is responsible for, or has participated in, the determination of the timing of, prices at, or quantities of the New Economy Real Estate Fund to be issued or in the determination or calculation of the equation by, or the consideration into which, the New Economy Real Estate Fund is redeemable. Further, none of the CenterSquare Parties has any obligation or liability to the issuer or owners of shares of the New Economy Real Estate Fund, or any other person or entity, in connection with the administration, marketing or offering of the New Economy Real Estate Fund, whether as a result of statements included in the New Economy Real Estate Fund’s public offering documents or otherwise.

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

Index performance information assumes the reinvestment of dividends and excludes

management fees, transaction costs and expenses. You cannot directly invest in an index.

* * * * * *

 

16   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

 

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

 

CURRENCY ABBREVIATIONS:                      
BRL   Brazilian real    IDR   Indonesian rupiah    THB   Thai baht
CLP   Chilean peso    INR   Indian rupee    TRY   Turkish new lira
CNY   Chinese yuan    KRW   South Korean won    TWD   New Taiwan dollar
CZK   Czech koruna    MXN   Mexican peso    USD   U.S. dollar
GBP   British pound    MYR   Malaysian ringgit    ZAR   South African rand
HKD   Hong Kong dollar    PHP   Philippine peso     
HUF   Hungary forint    PLN   Polish zloty     
OTHER ABBREVIATIONS:                      
ADR   American Depositary Receipt
CVA   Certificaten Van Aandelen (Certificate of Stock)
GDR   Global Depositary Receipt
NVDR   Non-Voting Depositary Receipt

 

WisdomTree Trust      17  


Schedule of Investments (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

China – 99.4%

 

Air Freight & Logistics – 1.6%

 

JD Logistics, Inc.*(a)

     1,515,600      $ 1,925,499  

SF Holding Co. Ltd., Class A

     566,261        3,171,046  

YTO Express Group Co. Ltd., Class A

     350,500        723,057  

ZTO Express Cayman, Inc.

     150,832        3,668,801  
     

 

 

 
Total Air Freight & Logistics

 

     9,488,403  
Automobile Components – 0.4%

 

Fuyao Glass Industry Group Co. Ltd., Class A

     158,767        804,540  

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

     242,100        1,109,749  

Minth Group Ltd.

     291,200        749,208  
     

 

 

 
Total Automobile Components

 

     2,663,497  
Automobiles – 3.8%

 

Geely Automobile Holdings Ltd.

     1,989,900        2,347,680  

Great Wall Motor Co. Ltd., Class A

     119,500        421,036  

Great Wall Motor Co. Ltd., Class H

     1,072,900        1,279,504  

Li Auto, Inc., Class A*

     465,000        8,211,278  

NIO, Inc., Class A*

     599,270        5,467,143  

XPeng, Inc., Class A*

     506,200        4,521,114  

Yadea Group Holdings Ltd.(a)

     466,200        865,511  
     

 

 

 
Total Automobiles

 

     23,113,266  
Banks – 1.3%

 

China Minsheng Banking Corp. Ltd., Class A

     5,782,836        3,047,880  

China Minsheng Banking Corp. Ltd., Class H

     4,740,900        1,622,300  

Ping An Bank Co. Ltd., Class A

     1,925,300        2,959,662  
     

 

 

 
Total Banks

 

     7,629,842  
Beverages – 1.4%

 

JiuGui Liquor Co. Ltd., Class A

     54,000        653,788  

Nongfu Spring Co. Ltd., Class H(a)

     1,354,300        7,781,495  
     

 

 

 
Total Beverages

 

     8,435,283  
Biotechnology – 3.5%

 

Akeso, Inc.*(a)

     302,600        1,390,936  

BeiGene Ltd.*

     623,900        8,571,620  

Chongqing Zhifei Biological Products Co. Ltd., Class A

     272,850        1,822,682  

Imeik Technology Development Co. Ltd., Class A

     20,280        1,086,323  

Innovent Biologics, Inc.*(a)(b)

     1,067,200        5,212,102  

Walvax Biotechnology Co. Ltd., Class A

     359,200        1,160,562  

Zai Lab Ltd., ADR*(b)

     72,675        1,766,729  
     

 

 

 
Total Biotechnology

 

     21,010,954  
Broadline Retail – 17.9%

 

Alibaba Group Holding Ltd.*

     5,866,000        64,113,792  

JD.com, Inc., Class A

     997,102        14,653,810  

PDD Holdings, Inc., ADR*

     276,807        27,146,462  

Vipshop Holdings Ltd., ADR*

     109,095        1,746,611  
     

 

 

 
Total Broadline Retail

 

     107,660,675  
Building Products – 0.4%

 

Xinyi Glass Holdings Ltd.

     1,708,000        2,211,370  
Capital Markets – 1.0%

 

East Money Information Co. Ltd., Class A

     2,786,843        5,814,091  
Chemicals – 2.2%

 

Canmax Technologies Co. Ltd., Class A

     110,960      391,404  

Chengxin Lithium Group Co. Ltd., Class A

     167,900        515,286  

Dongyue Group Ltd.

     1,115,900        839,221  

Ganfeng Lithium Group Co. Ltd., Class A

     243,600        1,491,207  

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

     312,740        1,283,808  

Guangzhou Tinci Materials Technology Co. Ltd., Class A

     265,700        985,742  

Hengli Petrochemical Co. Ltd., Class A*

     623,800        1,232,916  

Jiangsu Eastern Shenghong Co. Ltd., Class A

     559,800        887,443  

Ningxia Baofeng Energy Group Co. Ltd., Class A

     475,400        933,085  

Rongsheng Petrochemical Co. Ltd., Class A

     728,300        1,190,551  

Shanghai Putailai New Energy Technology Co. Ltd., Class A

     195,015        783,995  

Shenzhen Dynanonic Co. Ltd., Class A

     45,931        482,651  

Sichuan Yahua Industrial Group Co. Ltd., Class A

     212,300        436,503  

Tianqi Lithium Corp., Class A

     245,488        1,850,826  
     

 

 

 
Total Chemicals

 

     13,304,638  
Communications Equipment – 0.1%

 

Hengtong Optic-electric Co. Ltd., Class A

     411,169        796,858  
Construction & Engineering – 0.2%

 

China Conch Venture Holdings Ltd.

     1,147,163        978,447  
Construction Materials – 0.2%

 

China Jushi Co. Ltd., Class A

     515,500        955,187  
Consumer Finance – 0.1%

 

Lufax Holding Ltd., ADR

     578,101        612,787  
Consumer Staples Distribution & Retail – 0.3%

 

JD Health International, Inc.*(a)

     405,750        2,103,392  
Diversified Consumer Services – 1.0%

 

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

     149,000        702,969  

New Oriental Education & Technology Group, Inc.*

     609,463        3,711,944  

TAL Education Group, ADR*(b)

     208,586        1,900,218  
     

 

 

 
Total Diversified Consumer Services

 

     6,315,131  
Electrical Equipment – 4.1%

 

Contemporary Amperex Technology Co. Ltd., Class A

     530,006        14,769,532  

Ginlong Technologies Co. Ltd., Class A

     49,500        533,404  

Goldwind Science & Technology Co. Ltd., Class A

     553,715        701,477  

Gotion High-tech Co. Ltd., Class A*

     198,400        631,765  

Hongfa Technology Co. Ltd., Class A

     171,600        790,197  

Jiangsu Zhongtian Technology Co. Ltd., Class A

     592,000        1,206,629  

Jiangxi Special Electric Motor Co. Ltd., Class A*

     323,600        394,409  

Ming Yang Smart Energy Group Ltd., Class A

     407,300        882,160  

Ningbo Orient Wires & Cables Co. Ltd., Class A

     99,900        545,863  

Sungrow Power Supply Co. Ltd., Class A

     213,800        2,626,667  

Suzhou Maxwell Technologies Co. Ltd., Class A

     34,829        605,298  

Zhejiang Chint Electrics Co. Ltd., Class A

     246,800        788,933  
     

 

 

 
Total Electrical Equipment

 

     24,476,334  
Electronic Equipment, Instruments & Components – 3.9%

 

AAC Technologies Holdings, Inc.

     589,200        1,008,099  

BOE Technology Group Co. Ltd., Class A

     7,185,500        3,806,887  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2023

 

 

 

Investments    Shares      Value  

Chaozhou Three-Circle Group Co. Ltd., Class A

     273,400      $ 1,163,285  

Foxconn Industrial Internet Co. Ltd., Class A

     1,062,400        2,872,632  

GoerTek, Inc., Class A

     577,900        1,251,657  

Kingboard Holdings Ltd.

     488,300        1,096,077  

Luxshare Precision Industry Co. Ltd., Class A

     1,057,676        4,328,985  

Maxscend Microelectronics Co. Ltd., Class A

     73,400        1,175,690  

Sunny Optical Technology Group Co. Ltd.

     554,800        3,874,890  

Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A

     312,700        744,222  

TCL Technology Group Corp., Class A*

     1,802,160        1,009,205  

Wingtech Technology Co. Ltd., Class A*

     209,600        1,255,745  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     23,587,374  
Energy Equipment & Services – 0.0%

 

China Common Rich Renewable Energy Investments Ltd.*(b)

     502,000        0  
Entertainment – 5.8%

 

Bilibili, Inc., Class Z*(b)

     213,945        2,958,464  

Kingsoft Corp. Ltd.

     823,000        2,984,378  

NetEase, Inc.

     1,438,415        29,294,125  
     

 

 

 
Total Entertainment

 

     35,236,967  
Food Products – 3.4%

 

China Feihe Ltd.(a)

     2,773,100        1,635,849  

Foshan Haitian Flavouring & Food Co. Ltd., Class A

     406,947        2,121,939  

Guangdong Haid Group Co. Ltd., Class A

     160,703        998,087  

Henan Shuanghui Investment & Development Co. Ltd., Class A

     224,100        811,721  

Inner Mongolia Yili Industrial Group Co. Ltd., Class A

     1,228,800        4,474,497  

Muyuan Foods Co. Ltd., Class A

     489,474        2,545,540  

Tingyi Cayman Islands Holding Corp.

     1,433,000        2,001,701  

Uni-President China Holdings Ltd.

     991,000        695,940  

Want Want China Holdings Ltd.

     3,777,100        2,464,422  

Wens Foodstuffs Group Co. Ltd., Class A

     1,075,300        2,565,105  
     

 

 

 
Total Food Products

 

     20,314,801  
Gas Utilities – 0.8%

 

ENN Energy Holdings Ltd.

     598,100        4,963,897  
Health Care Equipment & Supplies – 1.4%

 

Lepu Medical Technology Beijing Co. Ltd., Class A

     288,500        650,593  

Lifetech Scientific Corp.*

     2,390,100        732,425  

Microport Scientific Corp.*(b)

     595,500        900,262  

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

     1,824,000        1,602,319  

Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A

     126,874        4,698,469  
     

 

 

 
Total Health Care Equipment & Supplies

 

     8,584,068  
Health Care Providers & Services – 0.9%

 

Aier Eye Hospital Group Co. Ltd., Class A

     931,780        2,298,197  

Huadong Medicine Co. Ltd., Class A

     174,040        1,009,018  

Hygeia Healthcare Holdings Co. Ltd.(a)

     296,100        1,659,734  

Topchoice Medical Corp., Class A*

     52,300        633,134  
     

 

 

 
Total Health Care Providers & Services

 

     5,600,083  
Hotels, Restaurants & Leisure – 8.1%

 

H World Group Ltd.*

     568,270      $ 2,238,440  

Haichang Ocean Park Holdings Ltd.*(a)

     1,255,000        187,484  

Haidilao International Holding Ltd.(a)

     714,000        1,914,490  

Jiumaojiu International Holdings Ltd.(a)

     312,700        425,619  

Meituan, Class B*(a)

     1,804,800        26,408,841  

Super Hi International Holding Ltd.*

     71,199        140,546  

Tongcheng Travel Holdings Ltd.*

     439,200        964,554  

Trip.com Group Ltd.*

     208,477        7,432,060  

Yum China Holdings, Inc.

     156,400        8,822,631  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     48,534,665  
Household Durables – 1.1%

 

Gree Electric Appliances, Inc. of Zhuhai, Class A

     465,300        2,318,278  

Haier Smart Home Co. Ltd., Class A

     425,700        1,378,927  

Haier Smart Home Co. Ltd., Class H

     858,100        2,700,788  
     

 

 

 
Total Household Durables

 

     6,397,993  
Household Products – 0.1%

 

Blue Moon Group Holdings Ltd.(a)(b)

     1,243,300        412,748  
Industrial Conglomerates – 0.2%

 

Fosun International Ltd.

     1,587,700        1,003,481  
Insurance – 7.0%

 

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

     2,018,894        13,384,014  

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

     4,717,400        27,014,740  

ZhongAn Online P&C Insurance Co. Ltd., Class H*(a)(b)

     547,700        1,615,438  
     

 

 

 
Total Insurance

 

     42,014,192  
Interactive Media & Services – 3.7%

 

Autohome, Inc., ADR

     45,769        1,389,089  

JOYY, Inc., ADR

     34,924        1,330,954  

Kanzhun Ltd., ADR*

     268,276        4,069,747  

Kuaishou Technology*(a)

     1,949,200        15,642,181  
     

 

 

 
Total Interactive Media & Services

 

     22,431,971  
IT Services – 0.4%

 

Chindata Group Holdings Ltd., ADR*(b)

     130,920        1,086,636  

GDS Holdings Ltd., Class A*

     847,600        1,168,827  
     

 

 

 
Total IT Services

 

     2,255,463  
Life Sciences Tools & Services – 5.0%

 

Genscript Biotech Corp.*

     940,400        2,479,524  

Hangzhou Tigermed Consulting Co. Ltd., Class A

     130,467        1,192,616  

Pharmaron Beijing Co. Ltd., Class A

     231,825        989,570  

WuXi AppTec Co. Ltd., Class A

     508,947        6,020,115  

WuXi AppTec Co. Ltd., Class H(a)(b)

     296,295        3,546,755  

Wuxi Biologics Cayman, Inc.*(a)

     2,779,400        16,200,465  
     

 

 

 
Total Life Sciences Tools & Services

 

     30,429,045  
Machinery – 1.3%

 

Haitian International Holdings Ltd.

     497,400        1,054,264  

Ningbo Deye Technology Co. Ltd., Class A

     33,744        358,664  

Sany Heavy Industry Co. Ltd., Class A

     1,333,648        2,908,646  

Shenzhen Inovance Technology Co. Ltd., Class A

     395,600        3,610,259  
     

 

 

 
Total Machinery

 

     7,931,833  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments (unaudited) (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2023

 

 

 

Investments    Shares      Value  
Marine Transportation – 0.3%

 

SITC International Holdings Co. Ltd.

     968,000      $ 1,626,548  
Media – 0.4%

 

Focus Media Information Technology Co. Ltd., Class A

     2,219,124        2,177,777  
Metals & Mining – 0.8%

 

China Hongqiao Group Ltd.(b)

     1,520,600        1,489,176  

GEM Co. Ltd., Class A

     1,062,700        888,288  

Sinomine Resource Group Co. Ltd., Class A

     118,060        589,996  

YongXing Special Materials Technology Co. Ltd., Class A

     61,542        383,658  

Zhejiang Huayou Cobalt Co. Ltd., Class A

     286,950        1,477,335  
     

 

 

 
Total Metals & Mining

 

     4,828,453  
Paper & Forest Products – 0.1%

 

Nine Dragons Paper Holdings Ltd.*

     1,351,100        759,059  
Personal Care Products – 0.3%

 

Hengan International Group Co. Ltd.

     518,400        1,651,472  
Pharmaceuticals – 2.4%

 

Asymchem Laboratories Tianjin Co. Ltd., Class A

     52,027        1,083,278  

China Medical System Holdings Ltd.

     945,000        1,431,041  

Hansoh Pharmaceutical Group Co. Ltd.(a)

     886,100        1,206,079  

Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A

     868,968        5,359,973  

Kangmei Pharmaceutical Co. Ltd., Class A*

     199,602        50,957  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A

     253,904        996,693  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H

     390,400        917,198  

Sino Biopharmaceutical Ltd.

     7,467,150        2,698,218  

Zhejiang NHU Co. Ltd., Class A

     358,660        799,456  
     

 

 

 
Total Pharmaceuticals

 

     14,542,893  
Real Estate Management & Development – 3.4%

 

C&D International Investment Group Ltd.

     478,081        1,163,483  

Country Garden Holdings Co. Ltd.*(b)

     8,656,936        1,005,868  

Country Garden Services Holdings Co. Ltd.(b)

     1,717,300        1,771,712  

ESR Group Ltd.(a)

     1,838,800        2,582,634  

Gemdale Corp., Class A

     920,900        862,030  

KE Holdings, Inc., ADR

     582,034        9,033,168  

Longfor Group Holdings Ltd.(a)

     1,416,700        2,546,925  

Wharf Holdings Ltd.(b)

     716,000        1,795,520  
     

 

 

 
Total Real Estate Management & Development

 

     20,761,340  
Semiconductors & Semiconductor Equipment – 4.9%

 

Daqo New Energy Corp., ADR*(b)

     43,079        1,304,001  

GCL Technology Holdings Ltd.

     16,928,000        3,155,689  

GigaDevice Semiconductor, Inc., Class A

     155,726        2,107,482  

Hangzhou First Applied Material Co. Ltd., Class A

     169,012        662,524  

Hangzhou Silan Microelectronics Co. Ltd., Class A

     193,000        645,298  

Hoyuan Green Energy Co. Ltd., Class A

     61,295        352,336  

JA Solar Technology Co. Ltd., Class A

     369,960        1,298,916  

JCET Group Co. Ltd., Class A

     307,807        1,288,558  

JinkoSolar Holding Co. Ltd., ADR*(b)

     33,056        1,003,911  

LONGi Green Energy Technology Co. Ltd., Class A

     1,416,768      5,304,798  

Montage Technology Co. Ltd., Class A

     232,761        1,587,787  

SG Micro Corp., Class A

     73,345        782,904  

Shenzhen SC New Energy Technology Corp., Class A

     59,200        617,128  

Tongwei Co. Ltd., Class A

     554,558        2,455,484  

Trina Solar Co. Ltd., Class A

     256,743        1,077,258  

Will Semiconductor Co. Ltd., Class A

     168,966        2,158,182  

Xinyi Solar Holdings Ltd.

     3,658,765        2,737,586  

Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A

     138,157        904,707  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     29,444,549  
Software – 1.5%

 

Beijing Kingsoft Office Software, Inc., Class A

     49,486        2,518,534  

Hundsun Technologies, Inc., Class A

     330,010        1,469,831  

Kingdee International Software Group Co. Ltd.*

     2,355,700        2,899,564  

Thunder Software Technology Co. Ltd., Class A

     71,000        746,178  

Yonyou Network Technology Co. Ltd., Class A

     505,413        1,152,931  
     

 

 

 
Total Software

 

     8,787,038  
Specialty Retail – 0.4%

 

Pop Mart International Group Ltd.(a)

     278,500        823,212  

Topsports International Holdings Ltd.(a)

     1,194,200        907,256  

Zhongsheng Group Holdings Ltd.

     238,600        671,761  
     

 

 

 
Total Specialty Retail

 

     2,402,229  
Technology Hardware, Storage & Peripherals – 0.1%

 

Ninestar Corp., Class A

     187,400        665,157  
Textiles, Apparel & Luxury Goods – 2.1%

 

ANTA Sports Products Ltd.

     459,300        5,169,570  

Bosideng International Holdings Ltd.

     1,218,000        524,098  

Li Ning Co. Ltd.

     932,500        3,923,195  

Shenzhou International Group Holdings Ltd.

     301,100        2,883,418  

Xtep International Holdings Ltd.

     531,200        492,414  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     12,992,695  
Trading Companies & Distributors – 0.1%

 

Beijing United Information Technology Co. Ltd., Class A

     101,810        464,351  
     

 

 

 
Total China

 

     598,372,297  
United States – 0.4%

 

Biotechnology – 0.4%

 

Legend Biotech Corp., ADR*      41,417        2,781,980  

TOTAL COMMON STOCKS

(Cost: $818,912,073)

 

 

     601,154,277  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9%

 

United States – 1.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 5.36%(c)

(Cost: $11,469,536)

     11,469,536        11,469,536  

TOTAL INVESTMENTS IN SECURITIES – 101.7%

(Cost: $830,381,609)

 

 

     612,623,813  

Other Assets less Liabilities – (1.7)%

        (10,417,600
     

 

 

 
NET ASSETS – 100.0%             $ 602,206,213  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (unaudited) (concluded)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2023

 

* 

Non-income producing security.

 

 

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

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at 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 $19,455,492 and the total market value of the collateral held by the Fund was $20,584,063. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $9,114,527.

 

(c) 

Rate shown represents annualized 7-day yield as of 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

           

Energy Equipment & Services

   $      $      $ 0 *     $ 0  

Other

     601,154,277                      601,154,277  

Investment of Cash Collateral for Securities Loaned

            11,469,536               11,469,536  

Total Investments in Securities

   $ 601,154,277      $ 11,469,536      $ 0      $ 612,623,813  
* 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (unaudited)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%

 

Brazil – 4.3%

 

3R Petroleum Oleo e Gas SA*

     111,520      $ 703,629  

Ambev SA

     2,689,294        7,044,003  

Arezzo Industria e Comercio SA

     70,771        918,502  

Atacadao SA

     442,516        786,860  

B3 SA – Brasil Bolsa Balcao

     3,169,105        7,781,567  

Banco Bradesco SA

     948,826        2,399,931  

Banco Santander Brasil SA

     201,193        1,047,127  

BRF SA*

     436,514        888,691  

CCR SA

     618,100        1,591,806  

Cia Siderurgica Nacional SA

     356,190        863,931  

Cosan SA

     800,860        2,742,496  

Embraer SA*

     494,902        1,702,672  

Energisa SA

     106,032        990,369  

Engie Brasil Energia SA

     115,081        952,570  

Equatorial Energia SA

     472,838        3,028,687  

Grupo De Moda Soma SA

     309,490        411,194  

Hapvida Participacoes e Investimentos SA*(a)

     2,857,461        2,683,223  

Hypera SA

     269,145        1,997,132  

Itau Unibanco Holding SA

     320,589        1,477,020  

Localiza Rent a Car SA

     481,075        5,628,497  

Lojas Renner SA

     562,400        1,505,666  

Magazine Luiza SA*

     1,646,569        697,420  

Natura & Co. Holding SA*

     540,613        1,572,630  

PRIO SA*

     437,759        4,114,158  

Raia Drogasil SA

     681,170        3,758,874  

Rede D’Or Sao Luiz SA(a)

     625,724        3,176,626  

Rumo SA

     741,945        3,382,719  

Sendas Distribuidora SA

     772,636        1,877,099  

Suzano SA

     402,192        4,361,660  

Telefonica Brasil SA

     306,541        2,644,538  

TIM SA

     746,683        2,221,312  

TOTVS SA

     290,660        1,567,933  

Transmissora Alianca de Energia Eletrica SA

     72,953        503,727  

Ultrapar Participacoes SA

     500,231        1,873,917  

Vibra Energia SA

     687,702        2,599,561  

WEG SA

     835,407        6,053,746  
     

 

 

 
Total Brazil

 

     87,551,493  
Chile – 0.3%

 

Banco de Chile

     18,120,587        1,835,486  

Banco Santander Chile

     35,507,065        1,635,547  

Empresas CMPC SA

     870,624        1,594,479  

Empresas Copec SA

     148,040        1,043,994  
     

 

 

 
Total Chile

 

     6,109,506  
China – 25.5%

 

AAC Technologies Holdings, Inc.

     568,500        972,682  

Aier Eye Hospital Group Co. Ltd., Class A

     654,585        1,614,507  

Alibaba Group Holding Ltd.*

     7,282,032        79,590,638  

ANTA Sports Products Ltd.

     591,300        6,655,272  

Asymchem Laboratories Tianjin Co. Ltd., Class A

     43,840        912,813  

Autohome, Inc., ADR

     47,487        1,441,230  

BeiGene Ltd.*

     413,100      5,675,487  

Beijing Kingsoft Office Software, Inc., Class A

     33,497        1,704,792  

Beijing United Information Technology Co. Ltd., Class A

     153,655        700,814  

Bilibili, Inc., Class Z*(b)

     164,174        2,270,223  

BOE Technology Group Co. Ltd., Class A

     6,466,400        3,425,907  

Bosideng International Holdings Ltd.

     1,764,000        759,039  

China Common Rich Renewable Energy Investments Ltd.*

     102,000        0  

China Conch Venture Holdings Ltd.

     854,900        729,168  

China Feihe Ltd.(a)

     1,266,000        746,812  

China Hongqiao Group Ltd.

     1,361,500        1,333,364  

China Minsheng Banking Corp. Ltd., Class A

     3,615,479        1,905,561  

China Minsheng Banking Corp. Ltd., Class H

     3,035,500        1,038,725  

Chongqing Zhifei Biological Products Co. Ltd., Class A

     204,750        1,367,763  

Contemporary Amperex Technology Co. Ltd., Class A

     350,650        9,771,468  

Country Garden Services Holdings Co. Ltd.

     876,000        903,756  

Daqo New Energy Corp., ADR*

     27,614        835,876  

East Money Information Co. Ltd., Class A

     1,834,453        3,827,154  

ENN Energy Holdings Ltd.

     357,200        2,964,561  

ESR Group Ltd.(a)

     1,086,200        1,525,591  

Focus Media Information Technology Co. Ltd., Class A

     2,260,300        2,218,186  

Foshan Haitian Flavouring & Food Co. Ltd., Class A

     319,766        1,667,352  

Foxconn Industrial Internet Co. Ltd., Class A

     726,200        1,963,578  

Fuyao Glass Industry Group Co. Ltd., Class A

     260,282        1,318,960  

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

     305,600        1,400,824  

Ganfeng Lithium Group Co. Ltd., Class A

     146,320        895,704  

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

     147,600        605,903  

GCL Technology Holdings Ltd.

     10,840,000        2,020,774  

GDS Holdings Ltd., Class A*

     490,852        676,877  

Geely Automobile Holdings Ltd.

     2,108,000        2,487,014  

Gemdale Corp., Class A

     1,016,900        951,894  

Genscript Biotech Corp.*

     758,000        1,998,596  

GigaDevice Semiconductor, Inc., Class A

     131,400        1,778,271  

Ginlong Technologies Co. Ltd., Class A

     46,000        495,688  

GoerTek, Inc., Class A

     441,300        955,799  

Great Wall Motor Co. Ltd., Class H

     1,611,700        1,922,059  

Gree Electric Appliances, Inc. of Zhuhai, Class A

     686,500        3,420,369  

Guangdong Haid Group Co. Ltd., Class A

     144,900        899,938  

Guangzhou Tinci Materials Technology Co. Ltd., Class A

     233,400        865,910  

H World Group Ltd.*

     757,070        2,982,132  

Haichang Ocean Park Holdings Ltd.*(a)

     1,890,000        282,347  

Haidilao International Holding Ltd.(a)

     773,300        2,073,495  

Haier Smart Home Co. Ltd., Class A

     733,500        2,375,953  

Haier Smart Home Co. Ltd., Class H

     961,200        3,025,285  

Hangzhou First Applied Material Co. Ltd., Class A

     149,304        585,269  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2023

 

 

 

Investments    Shares      Value  

Hangzhou Tigermed Consulting Co. Ltd., Class A

     128,500      $ 1,174,635  

Hengan International Group Co. Ltd.

     186,000        592,542  

Hengli Petrochemical Co. Ltd., Class A*

     400,940        792,442  

Hengtong Optic-electric Co. Ltd., Class A

     464,700        900,602  

Hundsun Technologies, Inc., Class A

     247,571        1,102,656  

Hygeia Healthcare Holdings Co. Ltd.(a)

     191,000        1,070,616  

Imeik Technology Development Co. Ltd., Class A

     19,500        1,044,541  

Inner Mongolia Yili Industrial Group Co. Ltd., Class A

     924,600        3,366,797  

Innovent Biologics, Inc.*(a)(b)

     645,500        3,152,560  

JA Solar Technology Co. Ltd., Class A

     221,152        776,457  

JCET Group Co. Ltd., Class A

     323,200        1,352,997  

JD Health International, Inc.*(a)

     482,850        2,503,075  

JD Logistics, Inc.*(a)

     848,100        1,077,471  

JD.com, Inc., Class A

     1,172,409        17,230,192  

Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A

     634,513        3,913,806  

Jiangsu Zhongtian Technology Co. Ltd., Class A

     435,400        887,443  

JinkoSolar Holding Co. Ltd., ADR*(b)

     30,457        924,979  

Jiumaojiu International Holdings Ltd.(a)

     511,000        695,527  

JOYY, Inc., ADR

     34,647        1,320,397  

Kangmei Pharmaceutical Co. Ltd., Class A*

     31,038        7,924  

Kanzhun Ltd., ADR*

     241,038        3,656,546  

KE Holdings, Inc., ADR

     349,027        5,416,899  

Kingboard Holdings Ltd.

     330,000        740,745  

Kingdee International Software Group Co. Ltd.*

     1,314,000        1,617,365  

Kingsoft Corp. Ltd.

     752,600        2,729,092  

Kuaishou Technology*(a)

     1,752,100        14,060,469  

Li Auto, Inc., Class A*

     579,200        10,227,898  

Li Ning Co. Ltd.

     1,158,000        4,871,914  

Lifetech Scientific Corp.*(b)

     2,764,000        847,003  

Longfor Group Holdings Ltd.(a)

     869,000        1,562,277  

LONGi Green Energy Technology Co. Ltd., Class A

     956,772        3,582,437  

Lufax Holding Ltd., ADR

     543,073        575,657  

Luxshare Precision Industry Co. Ltd., Class A

     728,300        2,980,874  

Meituan, Class B*(a)

     2,147,800        31,427,808  

Microport Scientific Corp.*

     285,500        431,612  

Ming Yang Smart Energy Group Ltd., Class A

     393,900        853,137  

Minth Group Ltd.

     494,000        1,270,977  

Montage Technology Co. Ltd., Class A

     167,368        1,141,707  

Muyuan Foods Co. Ltd., Class A

     347,976        1,809,671  

NetEase, Inc.

     1,303,430        26,545,080  

New Oriental Education & Technology Group, Inc.*

     773,936        4,713,669  

Nine Dragons Paper Holdings Ltd.*

     1,412,000        793,274  

Ninestar Corp., Class A

     223,800        794,354  

Ningbo Deye Technology Co. Ltd., Class A

     42,140        447,905  

NIO, Inc., Class A*

     741,190        6,761,879  

Nongfu Spring Co. Ltd., Class H(a)

     778,400        4,472,507  

PDD Holdings, Inc., ADR*

     335,834        32,935,240  

Pharmaron Beijing Co. Ltd., Class A

     199,266        850,588  

Ping An Bank Co. Ltd., Class A

     1,285,226        1,975,710  

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

     1,334,800      8,848,895  

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

     2,716,000        15,553,490  

Pop Mart International Group Ltd.(a)

     349,400        1,032,784  

Rongsheng Petrochemical Co. Ltd., Class A

     616,800        1,008,282  

Sany Heavy Industry Co. Ltd., Class A

     866,036        1,888,798  

SF Holding Co. Ltd., Class A

     356,373        1,995,679  

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

     1,266,600        1,112,663  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A

     338,373        1,328,273  

Shanghai Putailai New Energy Technology Co. Ltd., Class A

     184,165        740,376  

Shenzhen Dynanonic Co. Ltd., Class A

     36,800        386,701  

Shenzhen Inovance Technology Co. Ltd., Class A

     289,200        2,639,249  

Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A

     96,400        3,569,939  

Shenzhou International Group Holdings Ltd.

     363,300        3,479,063  

Sino Biopharmaceutical Ltd.

     2,271,000        820,615  

SITC International Holdings Co. Ltd.

     794,000        1,334,173  

Sungrow Power Supply Co. Ltd., Class A

     140,700        1,728,588  

Sunny Optical Technology Group Co. Ltd.

     269,100        1,879,475  

Super Hi International Holding Ltd.*(b)

     107,329        211,866  

Suzhou Maxwell Technologies Co. Ltd., Class A

     31,840        553,352  

TAL Education Group, ADR*(b)

     258,879        2,358,388  

TCL Technology Group Corp., Class A*

     3,234,930        1,811,552  

Tianqi Lithium Corp., Class A

     173,500        1,308,082  

Tingyi Cayman Islands Holding Corp.

     666,000        930,309  

Tongcheng Travel Holdings Ltd.*

     555,200        1,219,308  

Tongwei Co. Ltd., Class A

     398,358        1,763,858  

Topsports International Holdings Ltd.(a)

     1,668,000        1,267,210  

Trina Solar Co. Ltd., Class A

     206,780        867,620  

Trip.com Group Ltd.*

     256,920        9,159,019  

Vipshop Holdings Ltd., ADR*

     126,872        2,031,221  

Walvax Biotechnology Co. Ltd., Class A

     266,700        861,698  

Want Want China Holdings Ltd.

     2,634,000        1,718,590  

Wens Foodstuffs Group Co. Ltd., Class A

     802,900        1,915,301  

Wharf Holdings Ltd.(b)

     564,000        1,414,348  

Will Semiconductor Co. Ltd., Class A

     160,440        2,049,281  

Wingtech Technology Co. Ltd., Class A*

     153,170        917,664  

WuXi AppTec Co. Ltd., Class A

     377,673        4,467,331  

WuXi AppTec Co. Ltd., Class H(a)

     154,000        1,843,434  

Wuxi Biologics Cayman, Inc.*(a)

     1,687,500        9,836,038  

Xinyi Glass Holdings Ltd.

     924,000        1,196,315  

Xinyi Solar Holdings Ltd.

     2,303,753        1,723,730  

XPeng, Inc., Class A*(b)

     616,400        5,505,363  

Xtep International Holdings Ltd.

     996,000        923,276  

Yadea Group Holdings Ltd.(a)

     646,000        1,199,313  

Yum China Holdings, Inc.

     189,744        10,703,588  

Zai Lab Ltd., ADR*(b)

     45,227        1,099,468  

Zhejiang Huayou Cobalt Co. Ltd., Class A

     210,670        1,084,615  

Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A

     156,700        1,026,134  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

September 30, 2023

 

 

 

Investments    Shares      Value  

Zhejiang NHU Co. Ltd., Class A

     405,480      $ 903,818  

ZhongAn Online P&C Insurance Co. Ltd., Class H*(a)

     352,000        1,038,222  

Zhongsheng Group Holdings Ltd.

     317,000        892,490  

ZTO Express Cayman, Inc.

     192,012        4,670,453  
     

 

 

 
Total China

 

     516,342,631  
Czech Republic – 0.1%

 

Komercni Banka AS

     88,211        2,576,847  
Hungary – 0.2%

 

MOL Hungarian Oil & Gas PLC

     124,059        945,045  

OTP Bank Nyrt

     82,091        2,976,770  

Richter Gedeon Nyrt

     41,998        1,020,817  
     

 

 

 
Total Hungary

 

     4,942,632  
India – 19.8%

 

Aarti Industries Ltd.

     188,121        1,113,214  

Aarti Pharmalabs Ltd.*

     42,326        235,455  

ABB India Ltd.

     32,224        1,590,318  

ACC Ltd.

     50,235        1,217,291  

Adani Green Energy Ltd.*

     174,330        2,072,342  

Adani Total Gas Ltd.

     164,824        1,217,206  

Alkem Laboratories Ltd.

     30,084        1,306,337  

Ambuja Cements Ltd.

     323,962        1,657,237  

APL Apollo Tubes Ltd.

     103,988        2,034,898  

Apollo Hospitals Enterprise Ltd.

     52,109        3,223,976  

Ashok Leyland Ltd.

     912,965        1,945,958  

Asian Paints Ltd.

     218,439        8,315,104  

Astral Ltd.

     75,486        1,738,452  

Atul Ltd.

     18,463        1,566,486  

AU Small Finance Bank Ltd.(a)

     215,035        1,847,606  

Avenue Supermarts Ltd.*(a)

     71,401        3,160,375  

Axis Bank Ltd.

     1,236,994        15,442,827  

Bajaj Auto Ltd.

     33,914        2,068,012  

Bajaj Finserv Ltd.

     179,639        3,331,946  

Balkrishna Industries Ltd.

     45,646        1,405,968  

Bandhan Bank Ltd.(a)

     376,364        1,140,315  

Bata India Ltd.

     71,920        1,392,996  

Berger Paints India Ltd.

     150,747        1,032,649  

Berger Paints India Ltd.*

     30,149        206,530  

Bharat Forge Ltd.

     141,248        1,856,744  

Bharti Airtel Ltd.

     1,717,294        19,157,963  

Biocon Ltd.

     409,206        1,341,332  

Britannia Industries Ltd.

     58,809        3,213,165  

CG Power & Industrial Solutions Ltd.

     366,462        1,951,434  

Cipla Ltd.

     269,658        3,851,758  

Coforge Ltd.

     24,664        1,516,068  

Colgate-Palmolive India Ltd.

     76,994        1,859,501  

Crompton Greaves Consumer Electricals Ltd.

     375,245        1,400,143  

Cummins India Ltd.

     81,727        1,669,454  

Dabur India Ltd.

     255,638        1,698,071  

Deepak Nitrite Ltd.

     48,122        1,228,790  

Divi’s Laboratories Ltd.

     65,748        2,981,062  

Dixon Technologies India Ltd.

     17,314        1,102,802  

DLF Ltd.

     445,550        2,848,494  

Dr. Lal PathLabs Ltd.(a)

     39,127      1,189,412  

Dr. Reddy’s Laboratories Ltd.

     57,055        3,838,650  

Eicher Motors Ltd.

     67,100        2,785,246  

Emami Ltd.

     186,687        1,210,502  

Federal Bank Ltd.

     1,394,175        2,471,333  

Fortis Healthcare Ltd.

     351,646        1,439,550  

Godrej Consumer Products Ltd.*

     157,391        1,879,414  

Godrej Properties Ltd.*

     96,428        1,804,630  

Grasim Industries Ltd.

     226,843        5,306,036  

Gujarat Fluorochemicals Ltd.

     26,800        984,314  

Havells India Ltd.

     136,495        2,283,019  

HCL Technologies Ltd.

     499,798        7,431,856  

HDFC Asset Management Co. Ltd.(a)

     62,981        2,007,906  

HDFC Life Insurance Co. Ltd.(a)

     515,853        3,959,535  

Hero MotoCorp Ltd.

     52,294        1,925,258  

Hindustan Unilever Ltd.

     424,106        12,592,245  

ICICI Bank Ltd., ADR

     994,733        22,998,227  

ICICI Lombard General Insurance Co. Ltd.(a)

     113,955        1,797,056  

ICICI Prudential Life Insurance Co. Ltd.(a)

     206,927        1,410,890  

IDFC First Bank Ltd.*

     1,704,593        1,960,335  

Indian Hotels Co. Ltd.

     457,565        2,265,199  

Indus Towers Ltd.*

     572,246        1,321,025  

Info Edge India Ltd.

     57,189        2,868,566  

Infosys Ltd., ADR(b)

     1,333,293        22,812,643  

InterGlobe Aviation Ltd.*(a)

     61,749        1,770,647  

JSW Steel Ltd.

     431,179        4,047,954  

Jubilant Foodworks Ltd.

     129,150        829,104  

Kotak Mahindra Bank Ltd.

     496,226        10,371,947  

Laurus Labs Ltd.(a)

     226,677        1,079,320  

Lupin Ltd.

     135,497        1,911,109  

Mahindra & Mahindra Ltd.

     473,373        8,859,934  

Marico Ltd.

     286,987        1,941,038  

Maruti Suzuki India Ltd.

     62,259        7,955,147  

Max Financial Services Ltd.*

     128,975        1,412,973  

Max Healthcare Institute Ltd.

     336,824        2,301,434  

Motherson Sumi Wiring India Ltd.

     2,065,889        1,603,378  

Mphasis Ltd.

     40,882        1,170,023  

MRF Ltd.

     1,553        2,006,594  

Navin Fluorine International Ltd.

     23,073