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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        1,046,577  

Nestle India Ltd.

     17,499        4,742,802  

Page Industries Ltd.

     3,344        1,569,637  

Persistent Systems Ltd.

     25,084        1,750,990  

PI Industries Ltd.

     45,506        1,892,219  

PVR Inox Ltd.*

     64,377        1,331,050  

Reliance Industries Ltd., GDR(a)

     779,732        43,587,019  

Samvardhana Motherson International Ltd.

     1,288,336        1,489,383  

Shree Cement Ltd.

     6,265        1,921,193  

Siemens Ltd.

     47,586        2,104,491  

SRF Ltd.

     68,086        1,844,296  

Sun Pharmaceutical Industries Ltd.

     523,052        7,297,990  

Supreme Industries Ltd.

     42,300        2,099,432  

Tata Chemicals Ltd.

     99,964        1,241,345  

Tata Consumer Products Ltd.

     342,615        3,617,950  

Tata Elxsi Ltd.

     21,568        1,877,081  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

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

September 30, 2023

 

 

 

Investments    Shares      Value  

Tata Motors Ltd.

     884,007      $ 6,708,729  

Tata Steel Ltd.

     3,949,626        6,130,770  

Tech Mahindra Ltd.

     322,436        4,747,938  

Titan Co. Ltd.

     188,707        7,155,487  

Torrent Pharmaceuticals Ltd.

     59,792        1,389,005  

Trent Ltd.

     105,092        2,632,512  

Tube Investments of India Ltd.

     53,222        1,915,233  

TVS Motor Co. Ltd.

     130,379        2,389,304  

UltraTech Cement Ltd.

     60,296        5,993,822  

United Spirits Ltd.*

     192,479        2,334,677  

Varun Beverages Ltd.

     240,299        2,736,601  

Vedanta Ltd.

     561,113        1,503,779  

Voltas Ltd.

     123,604        1,284,992  

Wipro Ltd.

     738,955        3,613,297  

Zee Entertainment Enterprises Ltd.*

     635,902        2,025,835  

Zomato Ltd.*

     2,368,343        2,894,788  
     

 

 

 
Total India

 

     400,613,952  
Indonesia – 2.2%

 

Astra International Tbk PT

     13,126,600        5,287,162  

Bank Central Asia Tbk PT

     35,508,300        20,275,687  

Bank Jago Tbk PT*

     2,832,300        370,187  

Barito Pacific Tbk PT

     19,386,598        1,630,707  

Berkah Beton Sadaya Tbk PT*

     19,797,800        64,050  

Charoen Pokphand Indonesia Tbk PT*

     5,402,500        1,896,381  

Elang Mahkota Teknologi Tbk PT

     36,218,100        1,370,921  

GoTo Gojek Tokopedia Tbk PT*

     673,667,800        3,705,064  

Indofood CBP Sukses Makmur Tbk PT

     1,486,600        1,065,293  

Indofood Sukses Makmur Tbk PT

     2,891,400        1,239,439  

Kalbe Farma Tbk PT

     14,197,900        1,612,249  

Merdeka Copper Gold Tbk PT*

     8,557,600        1,594,687  

Sarana Menara Nusantara Tbk PT

     27,178,100        1,688,190  

Sumber Alfaria Trijaya Tbk PT

     13,232,500        2,534,338  

Unilever Indonesia Tbk PT

     3,653,100        884,024  
     

 

 

 
Total Indonesia

 

     45,218,379  
Malaysia – 1.0%

 

Genting Malaysia Bhd

     3,200,900        1,704,329  

Hong Leong Bank Bhd

     950,408        3,947,171  

Hong Leong Financial Group Bhd

     393,600        1,483,780  

MR DIY Group M Bhd(a)

     4,103,800        1,319,789  

Nestle Malaysia Bhd

     86,500        2,330,494  

PPB Group Bhd

     991,700        3,269,584  

Press Metal Aluminium Holdings Bhd

     4,553,500        4,567,805  

QL Resources Bhd

     1,387,025        1,612,940  
     

 

 

 
Total Malaysia

 

     20,235,892  
Mexico – 3.1%

 

Alfa SAB de CV, Class A

     2,079,583        1,356,991  

America Movil SAB de CV, Series B

     11,998,416        10,418,396  

Arca Continental SAB de CV

     230,400        2,098,438  

Banco del Bajio SA(a)

     340,508        1,073,927  

Cemex SAB de CV, Series CPO*

     6,102,073        3,992,322  

Coca-Cola Femsa SAB de CV

     280,950        2,211,258  

Controladora AXTEL SAB de CV*(b)

     2,401,533        30,402  

Corp. Inmobiliaria Vesta SAB de CV(b)

     654,294      2,164,477  

Fibra Uno Administracion SA de CV

     1,361,925        2,276,602  

Fomento Economico Mexicano SAB de CV

     715,580        7,837,060  

Grupo Aeroportuario del Pacifico SAB de CV, Class B

     185,694        3,060,689  

Grupo Aeroportuario del Sureste SAB de CV, Class B(b)

     89,624        2,199,845  

Grupo Bimbo SAB de CV, Series A(b)

     620,735        3,001,074  

Grupo Financiero Banorte SAB de CV, Class O

     853,828        7,178,572  

Grupo Mexico SAB de CV, Series B

     1,298,423        6,163,185  

Grupo Televisa SAB, Series CPO(b)

     1,334,387        813,140  

Wal-Mart de Mexico SAB de CV

     1,805,885        6,816,817  
     

 

 

 
Total Mexico

 

     62,693,195  
Philippines – 0.8%

 

ACEN Corp.

     130,207        11,300  

Ayala Corp.

     97,140        1,071,397  

Bank of the Philippine Islands

     968,207        1,916,699  

BDO Unibank, Inc.

     978,788        2,454,928  

Globe Telecom, Inc.

     20,305        643,504  

International Container Terminal Services, Inc.

     254,230        931,074  

JG Summit Holdings, Inc.

     856,640        576,888  

Jollibee Foods Corp.

     265,910        1,078,191  

Metropolitan Bank & Trust Co.

     1,545,150        1,474,797  

PLDT, Inc.

     70,385        1,463,037  

SM Investments Corp.

     190,475        2,839,820  

SM Prime Holdings, Inc.

     4,031,900        2,159,336  
     

 

 

 
Total Philippines

 

     16,620,971  
Poland – 0.8%

 

Asseco Poland SA

     89,620        1,472,092  

Bank Polska Kasa Opieki SA

     127,894        2,957,790  

CD Projekt SA

     76,120        2,183,302  

Dino Polska SA*(a)

     43,626        3,548,007  

LPP SA

     930        2,769,728  

Santander Bank Polska SA*

     35,897        2,960,543  
     

 

 

 
Total Poland

 

     15,891,462  
Russia – 0.0%

 

Evraz PLC*

     757,034        0  

HeadHunter Group PLC, ADR*

     35,535        0  

LUKOIL PJSC*

     383,480        0  

LUKOIL PJSC, ADR*

     91,105        0  

Magnitogorsk Iron & Steel Works PJSC, GDR*(c)

     101,979        0  

Mobile TeleSystems PJSC, ADR*

     777,676        0  

Novatek PJSC*

     1,138,580        0  

Novolipetsk Steel PJSC*

     948,540        0  

Ozon Holdings PLC, ADR*(b)

     43,104        0  

PhosAgro PJSC*

     43,175        0  

PhosAgro PJSC, GDR*(c)

     835        0  

Polyus PJSC*

     37,593        0  

Severstal PAO, GDR*(c)

     123,722        0  

Sistema PJSFC

     4,256,200        0  

Surgutneftegas PJSC*

     7,201,040        0  

VK Co. Ltd., GDR*

     167,707        0  

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments (unaudited) (continued)

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

September 30, 2023

 

 

 

Investments    Shares      Value  

X5 Retail Group NV, GDR*(c)

     166,238      $ 0  

Yandex NV, Class A*

     402,553        0  
     

 

 

 
Total Russia

 

     0  
Saudi Arabia – 3.1%

 

Abdullah Al Othaim Markets Co.

     179,636        649,486  

Advanced Petrochemical Co.

     131,438        1,405,342  

Al Rajhi Bank

     1,350,015        24,441,339  

Alinma Bank

     641,942        5,716,877  

Arab National Bank

     81,678        522,677  

Bank Al-Jazira*

     250,798        1,123,440  

Bank AlBilad

     319,509        3,603,629  

Dallah Healthcare Co.

     22,712        863,558  

Dar Al Arkan Real Estate Development Co.*

     539,934        2,268,890  

Dr. Sulaiman Al Habib Medical Services Group Co.

     50,221        3,154,840  

Etihad Etisalat Co.

     391,686        4,652,671  

Jarir Marketing Co.

     334,884        1,294,729  

Mobile Telecommunications Co. Saudi Arabia

     398,654        1,398,842  

Mouwasat Medical Services Co.

     60,677        1,666,395  

Nahdi Medical Co.

     40,266        1,548,176  

National Industrialization Co.*

     172,588        584,428  

Sahara International Petrochemical Co.

     236,426        2,382,888  

Saudi Awwal Bank

     242,473        2,230,484  

Saudi Cement Co.

     45,852        638,183  

Saudi Research & Media Group*

     45,319        1,986,547  

Savola Group

     139,836        1,344,132  
     

 

 

 
Total Saudi Arabia

 

     63,477,553  
South Africa – 3.5%

 

Absa Group Ltd.

     353,076        3,276,552  

Anglo American Platinum Ltd.

     9,996        374,575  

Aspen Pharmacare Holdings Ltd.(b)

     137,746        1,256,278  

Bid Corp. Ltd.(b)

     141,156        3,163,748  

Capitec Bank Holdings Ltd.(b)

     38,288        3,488,160  

Clicks Group Ltd.

     69,817        958,532  

Discovery Ltd.*

     211,653        1,540,937  

FirstRand Ltd.

     2,327,426        7,889,287  

Gold Fields Ltd.

     369,804        4,030,089  

Growthpoint Properties Ltd.

     2,335,909        1,308,101  

Impala Platinum Holdings Ltd.(b)

     395,941        2,077,706  

Mr Price Group Ltd.

     73,002        538,426  

MultiChoice Group*

     188,269        739,909  

Naspers Ltd., Class N

     93,616        15,034,443  

Nedbank Group Ltd.

     243,146        2,611,321  

Northam Platinum Holdings Ltd.

     146,862        895,076  

Old Mutual Ltd.

     2,729,120        1,747,040  

Redefine Properties Ltd.

     3,417,233        643,926  

Remgro Ltd.

     318,680        2,511,969  

Sanlam Ltd.

     770,597        2,686,131  

Shoprite Holdings Ltd.(b)

     188,849        2,404,193  

Sibanye Stillwater Ltd.(b)

     1,202,153        1,865,183  

Standard Bank Group Ltd.

     563,444        5,494,651  

Vodacom Group Ltd.

     406,297        2,280,857  

Woolworths Holdings Ltd.(b)

     358,629      1,291,220  
     

 

 

 
Total South Africa

 

     70,108,310  
South Korea – 13.6%

 

Alteogen, Inc.*

     21,633        1,091,750  

Amorepacific Corp.

     12,440        1,124,707  

Celltrion Healthcare Co. Ltd.

     40,396        1,885,985  

Celltrion, Inc.

     44,690        4,610,084  

CJ CheilJedang Corp.

     4,881        1,110,469  

Coway Co. Ltd.

     28,527        873,103  

CS Wind Corp.

     23,157        935,272  

DB Insurance Co. Ltd.

     26,786        1,774,617  

Doosan Enerbility Co. Ltd.*

     179,371        2,183,982  

Ecopro BM Co. Ltd.(b)

     16,669        3,125,283  

Ecopro Co. Ltd.(b)

     7,253        4,842,858  

GS Holdings Corp.

     55,622        1,644,670  

Hana Financial Group, Inc.

     115,847        3,644,364  

Hankook Tire & Technology Co. Ltd.

     38,967        1,143,540  

Hanwha Galleria Corp.*

     53,163        44,756  

Hanwha Solutions Corp.*

     51,664        1,139,028  

HD Hyundai Co. Ltd.

     24,964        1,226,555  

HD Korea Shipbuilding & Offshore Engineering Co. Ltd.*

     23,547        1,936,947  

HLB, Inc.*(b)

     35,764        795,109  

HYBE Co. Ltd.*

     12,140        2,141,189  

Hyundai Engineering & Construction Co. Ltd.

     58,775        1,578,919  

Hyundai Glovis Co. Ltd.

     9,467        1,293,697  

Hyundai Motor Co.

     54,448        7,710,844  

Kakao Corp.

     202,690        6,601,620  

Kakao Games Corp.*

     52,373        987,767  

KakaoBank Corp.

     141,107        2,441,714  

KB Financial Group, Inc.

     145,309        5,954,934  

Kia Corp.

     106,100        6,400,282  

Korea Investment Holdings Co. Ltd.

     55,201        2,172,205  

Korea Zinc Co. Ltd.

     5,237        1,963,778  

Korean Air Lines Co. Ltd.

     59,811        964,050  

Krafton, Inc.*

     21,412        2,389,690  

Kumho Petrochemical Co. Ltd.

     13,691        1,360,577  

L&F Co. Ltd.

     10,192        1,309,688  

LG Chem Ltd.

     16,121        5,931,582  

LG Corp.

     48,962        3,040,622  

LG Electronics, Inc.

     39,301        2,938,692  

LG Energy Solution Ltd.*

     13,808        4,875,880  

LG H&H Co. Ltd.

     3,831        1,267,631  

LG Innotek Co. Ltd.

     6,083        1,102,189  

LG Uplus Corp.

     212,612        1,632,326  

NAVER Corp.

     103,433        15,445,197  

NCSoft Corp.

     7,732        1,274,915  

Pearl Abyss Corp.*

     30,409        1,050,140  

POSCO Future M Co. Ltd.

     11,500        3,063,769  

POSCO Holdings, Inc.

     26,822        10,634,186  

Samsung Biologics Co. Ltd.*(a)

     6,711        3,386,832  

Samsung C&T Corp.

     34,210        2,727,876  

Samsung Electro-Mechanics Co. Ltd.

     23,197        2,361,989  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

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

September 30, 2023

 

 

 

Investments    Shares      Value  

Samsung Electronics Co. Ltd.

     1,761,710      $ 89,299,662  

Samsung Engineering Co. Ltd.*

     72,318        1,621,179  

Samsung Fire & Marine Insurance Co. Ltd.

     13,880        2,679,517  

Samsung Heavy Industries Co. Ltd.*

     330,768        1,921,759  

Samsung Life Insurance Co. Ltd.

     36,889        1,921,815  

Samsung SDI Co. Ltd.

     19,278        7,314,611  

Samsung SDS Co. Ltd.

     18,491        1,852,663  

Shinhan Financial Group Co. Ltd.

     176,185        4,648,129  

SK Hynix, Inc.

     179,398        15,248,963  

SK Innovation Co. Ltd.*

     18,586        2,049,501  

SK, Inc.

     13,655        1,479,443  

Woori Financial Group, Inc.

     245,091        2,226,779  

Yuhan Corp.

     26,382        1,481,959  
     

 

 

 
Total South Korea

 

     274,883,839  
Taiwan – 18.6%

 

Accton Technology Corp.

     214,000        3,268,289  

Acer, Inc.

     1,763,000        1,982,525  

Advantech Co. Ltd.

     243,072        2,597,848  

ASE Technology Holding Co. Ltd.

     1,576,062        5,346,224  

Asia Cement Corp.

     1,549,000        1,907,429  

Asustek Computer, Inc.

     310,000        3,524,419  

AUO Corp.

     3,211,200        1,631,439  

Catcher Technology Co. Ltd.

     332,000        1,876,985  

Cathay Financial Holding Co. Ltd.

     3,544,425        4,891,626  

Cheng Shin Rubber Industry Co. Ltd.

     1,002,000        1,319,217  

China Development Financial Holding Corp.*(b)

     7,460,000        2,726,971  

Chroma ATE, Inc.

     223,000        1,906,662  

Compal Electronics, Inc.

     1,925,000        1,830,749  

CTBC Financial Holding Co. Ltd.

     7,243,672        5,497,745  

Delta Electronics, Inc.

     750,500        7,544,408  

E.Sun Financial Holding Co. Ltd.

     6,426,895        4,828,060  

Eclat Textile Co. Ltd.

     96,000        1,448,305  

Eva Airways Corp.

     1,121,000        1,033,124  

Evergreen Marine Corp. Taiwan Ltd.

     437,800        1,573,235  

Far Eastern International Bank

     715        258  

Far Eastern New Century Corp.

     1,578,080        1,405,486  

Far EasTone Telecommunications Co. Ltd.

     921,000        2,074,215  

Feng TAY Enterprise Co. Ltd.

     281,320        1,594,819  

Formosa Chemicals & Fibre Corp.

     1,738,000        3,311,194  

Formosa Petrochemical Corp.

     547,000        1,365,784  

Formosa Plastics Corp.

     1,826,000        4,514,019  

Fubon Financial Holding Co. Ltd.

     3,668,023        6,897,322  

Giant Manufacturing Co. Ltd.

     195,853        1,082,999  

Great Wall Enterprise Co. Ltd.

     721,592        1,202,635  

Hiwin Technologies Corp.

     222,752        1,404,254  

Hon Hai Precision Industry Co. Ltd.

     4,524,068        14,575,458  

Hotai Motor Co. Ltd.

     173,880        3,528,180  

Innolux Corp.*

     3,899,326        1,588,455  

Inventec Corp.

     1,316,000        1,997,615  

Largan Precision Co. Ltd.

     40,000        2,645,560  

Lien Hwa Industrial Holdings Corp.

     563,382        1,089,049  

Lite-On Technology Corp., ADR

     971,000        3,654,730  

Lotes Co. Ltd.

     50,271      1,281,673  

MediaTek, Inc.

     617,000        14,048,574  

Merida Industry Co. Ltd.

     186,000        1,008,349  

Micro-Star International Co. Ltd.

     366,000        1,859,451  

momo.com, Inc.

     34,320        533,717  

Nan Ya Plastics Corp.

     2,284,000        4,712,269  

Nanya Technology Corp.

     784,000        1,593,234  

Novatek Microelectronics Corp.

     236,000        3,092,517  

Pegatron Corp.

     1,038,000        2,463,122  

Pou Chen Corp.

     1,483,000        1,316,211  

Powerchip Semiconductor Manufacturing Corp.

     1,656,000        1,362,024  

President Chain Store Corp.

     263,000        2,138,675  

Quanta Computer, Inc.

     1,190,000        8,829,014  

Realtek Semiconductor Corp.

     247,000        3,022,413  

Ruentex Development Co. Ltd.

     807,300        880,313  

Shanghai Commercial & Savings Bank Ltd.

     2,202,159        2,950,493  

Shin Kong Financial Holding Co. Ltd.*

     7,994,000        2,295,639  

SinoPac Financial Holdings Co. Ltd.

     6,107,195        3,291,931  

Synnex Technology International Corp.

     688,000        1,366,175  

TA Chen Stainless Pipe

     1,006,532        1,149,013  

Taishin Financial Holding Co. Ltd.

     6,623,148        3,672,631  

Taiwan Mobile Co. Ltd.

     964,000        2,825,062  

Taiwan Semiconductor Manufacturing Co. Ltd.

     10,047,000        162,778,798  

Tatung Co. Ltd.*

     837,000        1,151,246  

Uni-President Enterprises Corp.

     1,733,160        3,763,712  

Unimicron Technology Corp.

     541,000        2,907,746  

United Microelectronics Corp.

     5,460,000        7,645,235  

Voltronic Power Technology Corp.

     31,000        1,522,126  

Walsin Lihwa Corp.

     1,429,977        1,630,184  

Wan Hai Lines Ltd.

     497,750        744,763  

Winbond Electronics Corp.

     2,537,000        1,988,386  

Wistron Corp.(b)

     1,214,000        3,817,196  

Wiwynn Corp.

     43,000        1,991,450  

WPG Holdings Ltd.

     1,009,000        1,894,190  

Yageo Corp.

     155,847        2,534,647  

Yuanta Financial Holding Co. Ltd.

     6,603,104        5,124,077  
     

 

 

 
Total Taiwan

 

     375,853,548  
Thailand – 2.2%

 

Advanced Info Service PCL, NVDR

     1,076,900        6,743,102  

Bangkok Expressway & Metro PCL, NVDR

     4,715,800        1,074,937  

BTS Group Holdings PCL, NVDR

     6,640,200        1,367,703  

Bumrungrad Hospital PCL, NVDR

     256,100        1,884,924  

Carabao Group PCL, NVDR

     464,000        1,044,916  

Central Pattana PCL, NVDR

     1,299,000        2,256,416  

Central Retail Corp. PCL, NVDR(b)

     2,280,183        2,426,559  

CP ALL PCL, NVDR

     3,931,300        6,531,923  

Delta Electronics Thailand PCL, NVDR

     2,380,500        5,409,856  

Energy Absolute PCL, NVDR

     1,141,900        1,599,366  

Gulf Energy Development PCL, NVDR

     3,525,400        4,405,237  

Home Product Center PCL, NVDR

     4,202,900        1,442,808  

Indorama Ventures PCL, NVDR

     2,360,700        1,685,636  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments (unaudited) (concluded)

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

September 30, 2023

 

 

 

Investments    Shares      Value  

Intouch Holdings PCL, NVDR

     1,400,200      $ 2,835,970  

Minor International PCL, NVDR

     1,912,800        1,641,607  

True Corp. PCL, NVDR

     13,963,893        2,722,791  
     

 

 

 
Total Thailand

 

     45,073,751  
Turkey – 0.8%

 

Akbank TAS

     2,400,029        2,929,235  

BIM Birlesik Magazalar AS

     233,464        2,339,324  

Enka Insaat ve Sanayi AS

     996,246        1,265,339  

KOC Holding AS

     604,868        3,236,700  

Turkcell Iletisim Hizmetleri AS*

     838,329        1,629,872  

Turkiye Petrol Rafinerileri AS

     427,419        2,478,921  

Turkiye Sise ve Cam Fabrikalari AS

     807,083        1,608,867  
     

 

 

 
Total Turkey

 

     15,488,258  
United States – 0.1%

 

Legend Biotech Corp., ADR*      25,768        1,730,837  

TOTAL COMMON STOCKS

(Cost: $2,151,822,073)

 

 

     2,025,413,056  
RIGHTS – 0.0%

 

Brazil – 0.0%

 

Localiza Rent a Car SA, expiring 11/10/23*

(Cost: $0)

     3,526        11,272  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%

 

United States – 0.9%

 

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

     
(Cost: $18,574,568)      18,574,568      $ 18,574,568  

TOTAL INVESTMENTS IN SECURITIES – 100.9%

(Cost: $2,170,396,641)

 

 

     2,043,998,896  

Other Assets less Liabilities – (0.9)%

 

     (18,218,805
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,025,780,091  
* 

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 $38,402,868 and the total market value of the collateral held by the Fund was $41,426,439. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $22,851,871.

 

(c) 

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

 

(d) 

Rate shown represents annualized 7-day yield as of 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

           

China

   $ 516,342,631      $      $ 0 *     $ 516,342,631  

Russia

                   0 *       0  

Other

     1,509,070,425                      1,509,070,425  

Rights

     11,272                      11,272  

Investment of Cash Collateral for Securities Loaned

            18,574,568               18,574,568  

Total Investments in Securities

   $ 2,025,424,328      $ 18,574,568      $ 0      $ 2,043,998,896  
* 

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

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

Brazil – 13.5%

 

Banco do Brasil SA

     2,748,533      $ 25,908,213  

Banco Santander Brasil SA

     377,837        1,966,485  

BB Seguridade Participacoes SA

     1,027,016        6,403,974  

BrasilAgro – Co. Brasileira de Propriedades Agricolas

     214,983        1,233,579  

Caixa Seguridade Participacoes SA

     609,300        1,358,545  

Cia de Saneamento do Parana

     653,844        2,986,269  

Cia Paranaense de Energia

     362,597        3,223,036  

CPFL Energia SA

     666,811        4,477,647  

Dexco SA

     1,050,084        1,615,449  

Energisa SA

     531,459        4,963,979  

Engie Brasil Energia SA

     536,952        4,444,562  

Grendene SA

     487,295        652,297  

JBS SA

     2,083,541        7,513,769  

Kepler Weber SA

     479,741        1,109,926  

Klabin SA

     825,114        3,925,111  

Mahle Metal Leve SA

     104,848        1,010,732  

Movida Participacoes SA

     300,625        713,543  

Petroleo Brasileiro SA

     15,509,669        117,410,165  

Porto Seguro SA

     160,351        842,250  

Santos Brasil Participacoes SA

     1,366,582        2,339,888  

Sao Martinho SA

     305,638        2,397,376  

SIMPAR SA

     420,142        742,039  

SLC Agricola SA

     150,588        1,185,100  

Telefonica Brasil SA

     914,924        7,893,075  

Transmissora Alianca de Energia Eletrica SA

     1,031,546        7,122,638  

Vale SA

     9,451,088        127,608,193  
     

 

 

 
Total Brazil

 

     341,047,840  
Chile – 1.1%

 

Aguas Andinas SA, Class A

     4,747,596        1,424,093  

Banco de Chile

     56,025,780        5,675,013  

Banco Santander Chile

     67,292,937        3,099,686  

Cencosud SA

     1,983,553        3,741,296  

Empresa Nacional de Telecomunicaciones SA

     449,739        1,505,255  

Empresas Copec SA

     1,056,892        7,453,316  

Quinenco SA

     1,199,981        3,532,714  

Ripley Corp. SA

     3,824,794        708,401  
     

 

 

 
Total Chile

 

     27,139,774  
China – 23.6%

 

A-Living Smart City Services Co. Ltd.*(a)

     1,407,000        794,058  

Agricultural Bank of China Ltd., Class A

     8,604,500        4,251,614  

Agricultural Bank of China Ltd., Class H

     32,636,000        12,167,894  

Angang Steel Co. Ltd., Class A

     1,672,500        626,693  

Anhui Conch Cement Co. Ltd., Class A

     641,600        2,292,262  

Anhui Conch Cement Co. Ltd., Class H

     2,737,500        7,287,790  

Anhui Expressway Co. Ltd., Class H

     1,330,000        1,390,821  

BAIC Motor Corp. Ltd., Class H(a)

     4,884,000        1,477,950  

Bank of Beijing Co. Ltd., Class A

     2,792,149        1,774,375  

Bank of China Ltd., Class A

     5,884,200        3,044,770  

Bank of China Ltd., Class H

     124,405,000        43,523,523  

Bank of Chongqing Co. Ltd., Class A

     505,795      569,959  

Bank of Communications Co. Ltd., Class A

     4,543,000        3,591,625  

Bank of Communications Co. Ltd., Class H

     33,990,000        20,571,461  

Bank of Guiyang Co. Ltd., Class A

     1,010,700        775,461  

Bank of Jiangsu Co. Ltd., Class A

     2,111,570        2,080,921  

Bank of Shanghai Co. Ltd., Class A

     1,759,602        1,490,134  

Beijing Jingneng Clean Energy Co. Ltd., Class H

     2,510,000        522,393  

BOE Technology Group Co. Ltd., Class A

     9,004,600        4,770,649  

China Cinda Asset Management Co. Ltd., Class H

     14,895,000        1,502,461  

China CITIC Bank Corp. Ltd., Class H

     16,247,000        7,551,100  

China Communications Services Corp. Ltd., Class H

     4,172,000        1,752,572  

China Conch Venture Holdings Ltd.

     1,974,500        1,684,105  

China Construction Bank Corp., Class A

     1,367,500        1,182,479  

China Construction Bank Corp., Class H

     130,006,054        73,370,501  

China East Education Holdings Ltd.(a)

     1,089,500        447,939  

China Everbright Bank Co. Ltd., Class A

     3,073,100        1,294,914  

China Everbright Bank Co. Ltd., Class H

     3,199,000        959,882  

China Galaxy Securities Co. Ltd., Class H

     6,352,500        3,276,889  

China Life Insurance Co. Ltd., Class H

     6,277,000        9,777,945  

China Medical System Holdings Ltd.

     1,769,000        2,678,849  

China Merchants Securities Co. Ltd., Class H(a)

     366,000        320,583  

China Minsheng Banking Corp. Ltd., Class A

     3,250,000        1,712,933  

China Minsheng Banking Corp. Ltd., Class H

     8,482,500        2,902,647  

China Nonferrous Mining Corp. Ltd.

     2,250,000        1,445,061  

China Pacific Insurance Group Co. Ltd., Class H

     2,178,400        5,451,667  

China Petroleum & Chemical Corp., Class A

     7,958,700        6,630,657  

China Petroleum & Chemical Corp., Class H

     63,314,000        34,600,244  

China Railway Group Ltd., Class H

     5,330,000        2,749,440  

China Reinsurance Group Corp., Class H

     9,034,000        547,910  

China Risun Group Ltd.

     2,432,000        1,024,739  

China Shenhua Energy Co. Ltd., Class A

     1,239,700        5,308,807  

China Shenhua Energy Co. Ltd., Class H

     12,809,500        41,543,352  

China Suntien Green Energy Corp. Ltd., Class H

     2,558,000        885,127  

China Vanke Co. Ltd., Class A

     1,556,600        2,794,541  

China Vanke Co. Ltd., Class H

     2,815,200        3,105,694  

China Yongda Automobiles Services Holdings Ltd.

     3,352,500        1,297,021  

Chongqing Rural Commercial Bank Co. Ltd., Class A

     1,543,400        847,353  

Chongqing Rural Commercial Bank Co. Ltd., Class H

     3,163,000        1,167,166  

COSCO SHIPPING Holdings Co. Ltd., Class A

     2,673,116        3,599,254  

COSCO SHIPPING Holdings Co. Ltd., Class H

     8,242,500        8,451,040  

CSC Financial Co. Ltd., Class H(a)

     962,500        974,562  

Daan Gene Co. Ltd., Class A

     401,363        538,217  

Excellence Commercial Property & Facilities Management Group Ltd.(b)

     1,138,000        293,514  

Focus Media Information Technology Co. Ltd., Class A

     3,885,147        3,812,758  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2023

 

 

 

Investments    Shares      Value  

Foxconn Industrial Internet Co. Ltd., Class A

     1,182,400      $ 3,197,101  

Fufeng Group Ltd.(b)

     3,251,000        1,830,590  

G-bits Network Technology Xiamen Co. Ltd., Class A

     13,200        662,414  

Gemdale Corp., Class A

     1,031,609        965,662  

GF Securities Co. Ltd., Class H

     887,000        1,191,448  

Gree Electric Appliances, Inc. of Zhuhai, Class A

     1,708,200        8,510,814  

Guangdong Provincial Expressway Development Co. Ltd., Class A

     535,616        616,060  

Guotai Junan Securities Co. Ltd., Class H(a)

     1,624,800        1,815,280  

Haitong Securities Co. Ltd., Class H

     2,948,000        1,769,135  

Huatai Securities Co. Ltd., Class H(a)

     1,067,400        1,362,896  

Huaxia Bank Co. Ltd., Class A

     1,291,200        1,013,714  

Hunan Valin Steel Co. Ltd., Class A

     1,356,800        1,113,635  

Industrial & Commercial Bank of China Ltd., Class A

     5,197,500        3,338,613  

Industrial & Commercial Bank of China Ltd., Class H

     105,962,823        51,007,085  

Industrial Bank Co. Ltd., Class A

     3,350,200        7,490,616  

Jiangsu Expressway Co. Ltd., Class H

     2,813,727        2,540,019  

Jizhong Energy Resources Co. Ltd., Class A

     571,800        528,968  

Livzon Pharmaceutical Group, Inc., Class H

     279,700        916,042  

Longfor Group Holdings Ltd.(a)

     2,958,000        5,317,855  

Metallurgical Corp. of China Ltd., Class H

     3,953,000        832,811  

Nanjing Iron & Steel Co. Ltd., Class A

     2,058,200        1,045,238  

NetDragon Websoft Holdings Ltd.

     677,500        1,252,603  

New China Life Insurance Co. Ltd., Class A

     138,300        699,117  

PetroChina Co. Ltd., Class A

     3,320,300        3,636,687  

PetroChina Co. Ltd., Class H

     68,726,000        51,773,642  

PICC Property & Casualty Co. Ltd., Class H

     6,502,000        8,351,810  

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

     1,236,300        8,195,902  

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

     4,835,000        27,688,190  

Postal Savings Bank of China Co. Ltd., Class A

     1,424,200        971,523  

Postal Savings Bank of China Co. Ltd., Class H(a)

     5,908,000        2,987,248  

Shaanxi Coal Industry Co. Ltd., Class A

     1,307,000        3,311,563  

Shanghai Construction Group Co. Ltd., Class A

     1,383,900        522,352  

Shanghai Pudong Development Bank Co. Ltd., Class A

     2,186,100        2,130,365  

Shenzhen Expressway Corp. Ltd., Class H

     2,290,000        1,871,333  

Shui On Land Ltd.

     9,029,000        818,528  

Sinopec Engineering Group Co. Ltd., Class H

     5,837,500        2,631,099  

Sinotrans Ltd., Class H

     5,892,000        2,151,614  

Tangshan Jidong Cement Co. Ltd., Class A

     642,700        665,128  

Tangshan Port Group Co. Ltd., Class A

     2,773,200        1,404,537  

Tingyi Cayman Islands Holding Corp.

     4,106,000        5,735,508  

Uni-President China Holdings Ltd.

     2,141,000        1,503,540  

West China Cement Ltd.

     6,088,000        567,457  

Xiamen ITG Group Corp. Ltd., Class A

     473,000        511,579  

Xinyi Energy Holdings Ltd.(b)

     3,699,744        788,903  

Yankuang Energy Group Co. Ltd., Class H(b)

     5,428,000      10,257,398  

Zangge Mining Co. Ltd., Class A

     247,100        773,952  

Zhejiang Expressway Co. Ltd., Class H(b)

     2,902,000        2,163,943  

Zhejiang Jiahua Energy Chemical Industry Co. Ltd., Class A

     631,800        723,222  

Zhuzhou Kibing Group Co. Ltd., Class A

     641,700        722,224  

Zoomlion Heavy Industry Science & Technology Co. Ltd., Class A

     1,320,900        1,241,899  
     

 

 

 
Total China

 

     593,607,138  
Czech Republic – 0.9%

 

CEZ AS(b)

     391,418        16,674,910  

Komercni Banka AS

     72,616        2,121,281  

Moneta Money Bank AS(a)

     765,338        2,788,008  
     

 

 

 
Total Czech Republic

 

     21,584,199  
India – 5.9%

 

Bharat Petroleum Corp. Ltd.

     1,337,173        5,581,132  

Castrol India Ltd.

     960,540        1,602,611  

CESC Ltd.

     1,498,669        1,623,353  

Coal India Ltd.

     6,472,511        23,008,869  

GAIL India Ltd.

     8,046,322        12,053,798  

Hindustan Petroleum Corp. Ltd.*

     1,146,318        3,519,381  

Indian Oil Corp. Ltd.

     12,275,388        13,444,482  

Indus Towers Ltd.*

     1,833,845        4,233,415  

Mindspace Business Parks REIT(a)

     380,328        1,432,208  

National Aluminium Co. Ltd.

     2,181,857        2,553,869  

NHPC Ltd.

     6,335,426        4,028,245  

NMDC Ltd.

     3,452,861        6,151,772  

Oil & Natural Gas Corp. Ltd.

     8,400,923        19,408,632  

Oil India Ltd.

     709,347        2,552,808  

Oracle Financial Services Software Ltd.

     41,281        2,043,563  

Petronet LNG Ltd.

     1,760,721        5,087,652  

Power Grid Corp. of India Ltd.

     10,446,912        25,129,326  

SJVN Ltd.

     1,038,348        914,668  

Steel Authority of India Ltd.

     4,136,493        4,674,904  

Vardhman Textiles Ltd.

     372,599        1,674,292  

Vedanta Ltd.

     3,278,631        8,786,709  
     

 

 

 
Total India

 

     149,505,689  
Indonesia – 1.2%

 

Adaro Energy Indonesia Tbk PT

     45,582,600        8,405,721  

Astra Agro Lestari Tbk PT

     975,100        473,196  

Bukit Asam Tbk PT

     17,609,500        3,190,333  

Erajaya Swasembada Tbk PT

     16,871,300        493,421  

Gudang Garam Tbk PT

     1,279,600        2,036,762  

Hanjaya Mandala Sampoerna Tbk PT

     19,852,200        1,111,107  

Indo Tambangraya Megah Tbk PT

     1,538,100        2,883,627  

Indocement Tunggal Prakarsa Tbk PT

     2,660,700        1,712,971  

Indosat Tbk PT

     6,653,300        4,229,613  

Industri Jamu Dan Farmasi Sido Muncul Tbk PT

     19,149,000        731,020  

Matahari Department Store Tbk PT

     4,152,400        644,824  

Perusahaan Gas Negara Tbk PT

     27,733,500        2,467,393  

Puradelta Lestari Tbk PT

     51,052,900        578,082  
     

 

 

 
Total Indonesia

 

     28,958,070  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2023

 

 

 

Investments    Shares      Value  
Malaysia – 2.2%

 

Astro Malaysia Holdings Bhd

     6,790,100      $ 665,235  

British American Tobacco Malaysia Bhd

     603,000        1,191,809  

Bursa Malaysia Bhd

     569,500        817,514  

Malayan Banking Bhd

     7,416,483        13,884,433  

MISC Bhd

     1,928,300        2,907,697  

Petronas Chemicals Group Bhd

     6,649,100        10,181,999  

Petronas Gas Bhd

     1,460,900        5,239,669  

RHB Bank Bhd

     6,297,145        7,282,572  

Sime Darby Bhd

     4,832,300        2,274,508  

Sime Darby Plantation Bhd

     5,087,500        4,637,559  

Ta Ann Holdings Bhd

     1,105,699        793,612  

TIME dotCom Bhd

     2,958,000        3,414,591  

United Plantations Bhd

     719,200        2,548,850  
     

 

 

 
Total Malaysia

 

     55,840,048  
Mexico – 3.3%

 

Alfa SAB de CV, Class A(b)

     8,300,266        5,416,176  

Alpek SAB de CV(b)

     1,042,597        897,503  

Banco del Bajio SA(a)

     1,787,332        5,637,061  

Bolsa Mexicana de Valores SAB de CV(b)

     708,324        1,333,215  

FIBRA Macquarie Mexico(a)

     2,237,638        3,761,050  

Fibra Uno Administracion SA de CV

     7,543,807        12,610,271  

Genomma Lab Internacional SAB de CV, Class B(b)

     1,196,018        922,899  

Grupo Mexico SAB de CV, Series B

     7,493,899        35,571,064  

Kimberly-Clark de Mexico SAB de CV, Class A

     2,387,630        4,767,429  

Megacable Holdings SAB de CV, Series CPO(b)

     575,802        1,270,982  

Orbia Advance Corp. SAB de CV(b)

     2,699,276        5,624,236  

Qualitas Controladora SAB de CV(b)

     271,857        2,048,489  

Regional SAB de CV(b)

     171,315        1,233,910  

TF Administradora Industrial S de Real de CV

     1,391,375        2,473,947  
     

 

 

 
Total Mexico

 

     83,568,232  
Philippines – 0.3%

 

DMCI Holdings, Inc.

     8,250,300        1,519,516  

Manila Electric Co.

     424,510        2,761,236  

PLDT, Inc.

     143,184        2,976,251  
     

 

 

 
Total Philippines

 

     7,257,003  
Poland – 0.9%

 

Bank Polska Kasa Opieki SA

     173,639        4,015,729  

ORLEN SA

     679,844        9,142,356  

Powszechna Kasa Oszczednosci Bank Polski SA*

     1,069,105        8,503,763  
     

 

 

 
Total Poland

 

     21,661,848  
Russia – 0.0%

 

Evraz PLC*

     2,288,532        0  

Magnit PJSC*

     200,621        0  

Magnitogorsk Iron & Steel Works PJSC, GDR*(c)

     298,929        0  

MMC Norilsk Nickel PJSC*

     148,519        0  

MMC Norilsk Nickel PJSC, ADR*

     13        0  

Mobile TeleSystems PJSC, ADR*

     1,549,581        0  

Novolipetsk Steel PJSC*

     5,213,400        0  

PhosAgro PJSC*

     95,795      0  

PhosAgro PJSC, GDR*(c)

     1,853        0  

Polyus PJSC*

     35,478        0  

Polyus PJSC, GDR*(c)

     1        0  

Sberbank of Russia PJSC*

     9,700,476        0  

Severstal PAO, GDR*(c)

     775,843        0  

Tatneft PJSC*

     1,371,750        0  

Tatneft PJSC, ADR*

     3,217        0  
     

 

 

 
Total Russia

 

     0  
Saudi Arabia – 1.0%

 

Arabian Cement Co.

     93,238        824,125  

Arabian Centres Co. Ltd.

     290,776        1,542,866  

Sahara International Petrochemical Co.

     1,107,731        11,164,589  

Saudi Cement Co.

     137,403        1,912,420  

Saudi Industrial Investment Group

     681,567        4,317,890  

Yanbu National Petrochemical Co.

     478,813        5,310,995  
     

 

 

 
Total Saudi Arabia

 

     25,072,885  
South Africa – 5.7%

 

Absa Group Ltd.

     778,426        7,223,808  

AECI Ltd.

     241,829        1,450,507  

African Rainbow Minerals Ltd.(b)

     331,743        2,995,115  

Anglo American Platinum Ltd.

     139,572        5,230,116  

Astral Foods Ltd.

     98,813        718,567  

AVI Ltd.

     905,191        3,586,285  

Equites Property Fund Ltd.

     2,332,145        1,558,527  

Exxaro Resources Ltd.(b)

     1,280,739        11,718,727  

FirstRand Ltd.

     4,670,593        15,831,930  

Growthpoint Properties Ltd.

     14,142,758        7,919,896  

Hyprop Investments Ltd.

     1,238,256        2,099,976  

Impala Platinum Holdings Ltd.(b)

     2,069,190        10,858,102  

Investec Ltd.

     272,830        1,577,367  

JSE Ltd.

     121,890        597,047  

KAP Ltd.*

     5,477,743        697,824  

Momentum Metropolitan Holdings

     1,303,724        1,367,431  

Motus Holdings Ltd.

     443,060        2,211,137  

Nedbank Group Ltd.

     816,386        8,767,762  

Old Mutual Ltd.

     5,388,083        3,449,169  

Redefine Properties Ltd.

     20,212,299        3,808,702  

Resilient REIT Ltd.(b)

     1,150,037        2,387,441  

Sanlam Ltd.

     1,796,985        6,263,894  

Standard Bank Group Ltd.

     1,376,583        13,424,304  

Thungela Resources Ltd.(b)

     785,283        7,238,256  

Tiger Brands Ltd.

     229,042        1,865,585  

Truworths International Ltd.(b)

     1,663,855        6,756,314  

Vodacom Group Ltd.

     2,047,591        11,494,699  
     

 

 

 
Total South Africa

 

     143,098,488  
South Korea – 6.8%

 

BNK Financial Group, Inc.

     448,021        2,274,303  

Daishin Securities Co. Ltd.

     53,882        581,386  

DB Insurance Co. Ltd.

     67,132        4,447,607  

DGB Financial Group, Inc.

     243,113        1,417,889  

GS Engineering & Construction Corp.

     130,801        1,359,966  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2023

 

 

 

Investments    Shares      Value  

Hana Financial Group, Inc.

     385,618      $ 12,130,935  

HD Hyundai Co. Ltd.

     97,567        4,793,754  

Hyosung Corp.

     27,860        1,278,001  

iMarketKorea, Inc.

     71,456        469,172  

Industrial Bank of Korea

     453,856        3,770,362  

JB Financial Group Co. Ltd.

     239,229        1,765,763  

KB Financial Group, Inc.

     465,276        19,067,558  

KCC Glass Corp.

     17,466        530,038  

Korean Reinsurance Co.

     124,137        758,032  

KT&G Corp.

     165,161        10,562,764  

Kumho Petrochemical Co. Ltd.

     38,056        3,781,910  

LG Uplus Corp.

     417,089        3,202,195  

LX International Corp.

     59,181        1,252,125  

LX Semicon Co. Ltd.

     19,466        1,195,888  

POSCO Holdings, Inc.

     156,849        62,186,316  

S-Oil Corp.

     69,102        4,055,787  

Samsung Fire & Marine Insurance Co. Ltd.

     29,945        5,780,845  

SeAH Besteel Holdings Corp.

     33,840        616,914  

Shinhan Financial Group Co. Ltd.

     557,680        14,712,767  

SK Discovery Co. Ltd.

     29,544        894,377  

SSANGYONG C&E Co. Ltd.

     245,583        999,148  

Woori Financial Group, Inc.

     808,233        7,343,217  
     

 

 

 
Total South Korea

 

     171,229,019  
Taiwan – 31.0%

 

Acer, Inc.

     6,989,000        7,859,256  

Arcadyan Technology Corp.

     269,000        1,345,813  

ASE Technology Holding Co. Ltd.

     10,524,000        35,698,889  

Asia Cement Corp.

     4,700,000        5,787,550  

Asia Optical Co., Inc.

     229,000        446,926  

Asustek Computer, Inc.

     1,973,000        22,431,220  

AUO Corp.

     21,250,000        10,795,991  

BES Engineering Corp.

     3,340,000        1,122,628  

Capital Securities Corp.

     3,219,000        1,455,907  

Catcher Technology Co. Ltd.

     989,000        5,591,379  

Cathay Financial Holding Co. Ltd.

     9,339,479        12,889,323  

Chang Wah Electromaterials, Inc.

     809,000        778,162  

Cheng Loong Corp.

     1,464,000        1,299,348  

Chicony Electronics Co. Ltd.

     1,656,386        5,926,568  

Chicony Power Technology Co. Ltd.

     437,000        1,550,053  

China General Plastics Corp.

     1,307,000        1,008,172  

China Steel Corp.

     48,156,000        37,667,911  

ChipMOS Technologies, Inc.

     1,402,000        1,624,349  

Chong Hong Construction Co. Ltd.

     524,000        1,202,844  

Chun Yuan Steel Industry Co. Ltd.

     853,000        447,897  

Chung Hung Steel Corp.

     2,115,000        1,477,463  

Chung-Hsin Electric & Machinery Manufacturing Corp.

     687,000        2,287,836  

Cleanaway Co. Ltd.

     108,000        590,511  

Compal Electronics, Inc.

     8,520,000        8,102,849  

Continental Holdings Corp.

     1,140,000        946,454  

CTBC Financial Holding Co. Ltd.

     14,373,000        10,908,707  

CTCI Corp.

     1,169,000        1,428,635  

Daxin Materials Corp.

     118,000        391,134  

Edom Technology Co. Ltd.

     853,000      607,766  

Elan Microelectronics Corp.

     815,000        3,370,533  

Elite Material Co. Ltd.

     475,000        6,297,920  

Elite Semiconductor Microelectronics Technology, Inc.

     707,000        1,697,387  

Eternal Materials Co. Ltd.

     1,810,000        1,589,613  

Everlight Electronics Co. Ltd.

     930,000        1,351,187  

Farglory Land Development Co. Ltd.

     828,000        1,482,579  

Feng Hsin Steel Co. Ltd.

     1,181,000        2,458,549  

FLEXium Interconnect, Inc.

     583,000        1,589,319  

Formosa Chemicals & Fibre Corp.

     6,380,000        12,155,016  

Formosa International Hotels Corp.

     126,000        835,303  

Formosa Plastics Corp.(b)

     13,891,000        34,339,673  

Formosan Union Chemical

     1,070,000        701,058  

Fubon Financial Holding Co. Ltd.

     10,668,151        20,060,308  

Fusheng Precision Co. Ltd.

     224,000        1,412,122  

Getac Holdings Corp.

     821,000        1,973,625  

Gigabyte Technology Co. Ltd.(b)

     1,415,000        12,339,415  

Global Mixed Mode Technology, Inc.

     193,000        1,560,478  

Goldsun Building Materials Co. Ltd.

     2,392,000        1,856,217  

Greatek Electronics, Inc.

     1,150,000        1,973,637  

Highwealth Construction Corp.

     3,304,198        4,038,061  

Holtek Semiconductor, Inc.

     571,000        1,094,930  

Holy Stone Enterprise Co. Ltd.

     298,200        904,378  

Hon Hai Precision Industry Co. Ltd.

     13,376,000        43,094,252  

Hsin Kuang Steel Co. Ltd.

     701,000        1,015,218  

Huaku Development Co. Ltd.

     574,000        1,596,791  

Huang Hsiang Construction Corp.

     613,000        742,501  

Hung Sheng Construction Ltd.

     957,000        564,764  

Innolux Corp.*

     20,336,550        8,284,433  

Inventec Corp.

     4,425,000        6,716,903  

ITE Technology, Inc.

     349,000        1,697,402  

ITEQ Corp.

     579,000        1,635,811  

Kindom Development Co. Ltd.

     1,335,000        1,370,959  

King Yuan Electronics Co. Ltd.

     3,752,000        8,833,568  

King’s Town Bank Co. Ltd.

     966,000        1,110,224  

KMC Kuei Meng International, Inc.

     108,000        431,592  

Lelon Electronics Corp.

     255,000        463,701  

Lite-On Technology Corp., ADR(b)

     3,225,000        12,138,520  

Longchen Paper & Packaging Co. Ltd.

     1,399,453        637,288  

Macronix International Co. Ltd.

     3,724,000        3,651,263  

MediaTek, Inc.

     4,180,000        95,175,106  

Micro-Star International Co. Ltd.

     2,374,000        12,061,028  

Mirle Automation Corp.

     486,000        573,616  

Namchow Holdings Co. Ltd.

     233,000        356,929  

Nan Ya Plastics Corp.

     20,997,000        43,320,277  

Nanya Technology Corp.(b)

     1,878,000        3,816,447  

Nichidenbo Corp.

     551,000        1,015,613  

Novatek Microelectronics Corp.

     1,364,000        17,873,701  

Pegatron Corp.(b)

     4,057,000        9,627,057  

Powertech Technology, Inc.

     2,242,000        7,049,550  

President Securities Corp.

     1,183,000        687,141  

Primax Electronics Ltd.(b)

     755,000        1,618,500  

Promate Electronic Co. Ltd.

     630,000        922,151  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2023

 

 

 

Investments    Shares      Value  

Qisda Corp.

     3,353,000      $ 4,637,829  

Quanta Computer, Inc.

     5,685,990        42,186,292  

Raydium Semiconductor Corp.

     166,000        1,825,560  

Realtek Semiconductor Corp.(b)

     1,162,000        14,218,801  

Sigurd Microelectronics Corp.

     987,000        1,755,047  

Sitronix Technology Corp.

     289,000        2,493,347  

Standard Foods Corp.

     815,000        950,566  

Stark Technology, Inc.

     155,000        552,191  

Supreme Electronics Co. Ltd.

     980,299        1,673,285  

Synnex Technology International Corp.

     3,122,000        6,199,415  

Systex Corp.(b)

     358,000        1,175,570  

T3EX Global Holdings Corp.(b)

     391,000        932,668  

Taita Chemical Co. Ltd.

     628,200        346,400  

Taiwan Cogeneration Corp.

     576,499        738,472  

Taiwan Hon Chuan Enterprise Co. Ltd.

     515,000        1,683,137  

Taiwan Paiho Ltd.

     524,000        879,813  

Taiwan PCB Techvest Co. Ltd.

     850,000        1,191,509  

Taiwan Sakura Corp.

     375,000        742,321  

Taiwan Secom Co. Ltd.

     515,000        1,699,091  

Taiwan Surface Mounting Technology Corp.

     510,000        1,453,509  

Taiwan-Asia Semiconductor Corp.

     694,000        1,020,130  

Test Research, Inc.

     486,000        915,376  

Ton Yi Industrial Corp.

     1,507,000        770,295  

Tong Hsing Electronic Industries Ltd.

     242,710        1,120,298  

Topco Scientific Co. Ltd.

     472,813        2,482,669  

Transcend Information, Inc.

     513,000        1,153,755  

Tripod Technology Corp.

     781,000        4,657,378  

TSRC Corp.

     1,222,000        895,287  

Tung Ho Steel Enterprise Corp.

     1,286,000        2,418,184  

TXC Corp.

     990,000        2,968,727  

U-Ming Marine Transport Corp.(b)

     831,000        1,231,807  

United Integrated Services Co. Ltd.

     429,000        3,023,420  

United Microelectronics Corp.(b)

     22,503,000        31,509,289  

Universal Cement Corp.

     1,115,020        899,809  

USI Corp.

     1,916,000        1,231,610  

Visual Photonics Epitaxy Co. Ltd.

     334,000        1,531,327  

Wah Lee Industrial Corp.

     303,000        873,881  

Walsin Technology Corp.

     562,000        1,784,514  

Weikeng Industrial Co. Ltd.

     1,320,000        1,122,473  

Wistron Corp.(b)

     5,597,561        17,600,485  

WPG Holdings Ltd.(b)

     2,683,280        5,037,306  

WT Microelectronics Co. Ltd.

     724,000        2,500,767  

Yang Ming Marine Transport Corp.

     5,904,000        8,312,659  

YC INOX Co. Ltd.(b)

     780,000        659,655  

YFY, Inc.

     1,810,000        1,825,111  

Yuanta Financial Holding Co. Ltd.

     11,805,152        9,160,919  
     

 

 

 
Total Taiwan

 

     780,877,109  
Thailand – 1.7%

 

Bangkok Chain Hospital PCL, NVDR

     4,171,900        2,257,094  

Banpu PCL, NVDR

     6,842,200        1,503,264  

Chularat Hospital PCL, NVDR

     19,579,600        1,752,956  

Dynasty Ceramic PCL, NVDR

     14,494,100        676,690  

IRPC PCL, NVDR

     20,774,600        1,175,302  

Kiatnakin Phatra Bank PCL, NVDR

     630,900      957,287  

Land & Houses PCL, NVDR

     10,739,900        2,300,617  

Major Cineplex Group PCL, NVDR

     1,960,100        753,626  

Northeast Rubber PCL, NVDR

     4,864,825        606,558  

Polyplex Thailand PCL, NVDR

     1,078,587        379,153  

Precious Shipping PCL, NVDR

     2,984,100        794,940  

PTT Global Chemical PCL, NVDR

     2,825,200        2,676,811  

PTT PCL, NVDR

     21,408,700        19,696,298  

Quality Houses PCL, NVDR

     12,126,300        745,978  

Ratch Group PCL, NVDR

     1,021,500        883,687  

Regional Container Lines PCL, NVDR

     1,175,200        703,587  

Somboon Advance Technology PCL, NVDR

     1,207,800        603,693  

Star Petroleum Refining PCL, NVDR

     7,986,400        1,995,915  

Thanachart Capital PCL, NVDR

     1,248,300        1,714,109  

TTW PCL, NVDR

     5,693,077        1,414,963  
     

 

 

 
Total Thailand

 

     43,592,528  
Turkey – 0.4%

 

Dogus Otomotiv Servis ve Ticaret AS

     113,350        1,106,005  

Ford Otomotiv Sanayi AS

     92,283        2,844,397  

Iskenderun Demir ve Celik AS*

     541,847        822,603  

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D

     1,526,075        1,644,365  

Tofas Turk Otomobil Fabrikasi AS

     237,427        2,559,171  

Turk Traktor ve Ziraat Makineleri AS

     53,552        1,720,930  
     

 

 

 
Total Turkey

 

     10,697,471  

TOTAL COMMON STOCKS

(Cost: $2,491,825,431)

 

 

     2,504,737,341  
WARRANTS – 0.0%

 

Thailand – 0.0%

 

Kiatnakin Phatra Bank PCL, expiring 3/17/24*

     
(Cost: $0)      46,450        740  
EXCHANGE-TRADED FUND – 0.0%

 

United States – 0.0%

 

WisdomTree Global High Dividend Fund(d)

     
(Cost: $936,039)      19,766        896,216  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%

 

United States – 0.9%

 

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

     
(Cost: $21,623,665)      21,623,665        21,623,665  

TOTAL INVESTMENTS IN SECURITIES – 100.4%

(Cost: $2,514,385,135)

 

 

     2,527,257,962  

Other Assets less Liabilities – (0.4)%

 

     (10,179,210
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,517,078,752  
* 

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.

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets High Dividend Fund (DEM)

September 30, 2023

 

(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 $79,416,268 and the total market value of the collateral held by the Fund was $87,171,404. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $65,547,739.

 

(c) 

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

 

(d) 

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

 

(e) 

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

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2023 were as follows:

 

Affiliate    Value at
3/31/2023
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/
(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
9/30/2023
     Dividend
Income
 

WisdomTree Global High Dividend Fund

   $ 2,263,456      $ 4,173,649      $ 5,338,166      $ (237,882    $ 35,159      $ 896,216      $ 90,102  

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
    Amount and
Description of
Currency to
be Sold
     Unrealized
Appreciation
     Unrealized
Depreciation
 

State Street Bank and Trust

    10/2/2023       1,703,578       USD       55,000,000       TWD      $      $ (237

 

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

           

Russia

   $      $      $ 0 *     $ 0  

Other

     2,504,737,341                      2,504,737,341  

Warrants

     740                      740  

Exchange-Traded Fund

     896,216                      896,216  

Investment of Cash Collateral for Securities Loaned

            21,623,665               21,623,665  

Total Investments in Securities

   $ 2,505,634,297      $ 21,623,665      $ 0      $ 2,527,257,962  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (237    $      $ (237

Total – Net

   $ 2,505,634,297      $ 21,623,428      $ 0      $ 2,527,257,725  
* 

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

 

1 

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

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

September 30, 2023

 

 

 

Investments    Shares      Value  

COMMON STOCKS – 98.4%

 

Brazil – 6.4%

 

Ambev SA

     4,517      $ 11,831  

Banco do Brasil SA

     1,422        13,404  

BB Seguridade Participacoes SA

     2,719        16,954  

CCR SA

     3,784        9,745  

Cia de Saneamento Basico do Estado de Sao Paulo SABESP

     845        10,303  

CPFL Energia SA

     2,831        19,010  

Energisa SA

     2,418        22,585  

Engie Brasil Energia SA

     2,395        19,824  

Equatorial Energia SA

     2,087        13,368  

Hypera SA

     705        5,231  

Klabin SA

     4,404        20,950  

Raia Drogasil SA

     1,282        7,075  

Rumo SA

     1,576        7,186  

Sendas Distribuidora SA

     2,339        5,683  

Suzano SA

     2,264        24,553  

Telefonica Brasil SA

     1,977        17,056  

TIM SA

     14,976        44,552  

TOTVS SA

     2,336        12,601  

WEG SA

     1,316        9,536  
     

 

 

 
Total Brazil

 

     291,447  
Chile – 2.3%

 

Banco de Chile

     250,487        25,373  

Banco de Credito e Inversiones SA

     1,027        26,160  

Cencosud SA

     6,486        12,234  

Cia Sud Americana de Vapores SA

     96,714        5,770  

Empresas CMPC SA

     13,142        24,068  

Enel Chile SA

     180,784        10,928  
     

 

 

 
Total Chile

 

     104,533  
China – 10.4%

 

3SBio, Inc.(a)

     50,500        42,235  

China Resources Pharmaceutical Group Ltd.(a)

     46,500        30,874  

Jiangsu Expressway Co. Ltd., Class H

     36,000        32,498  

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

     179,000        64,224  

PICC Property & Casualty Co. Ltd., Class H

     50,000        64,225  

Shanghai Pharmaceuticals Holding Co. Ltd., Class H

     21,700        33,858  

Sinopharm Group Co. Ltd., Class H

     16,800        48,693  

Tingyi Cayman Islands Holding Corp.

     32,000        44,700  

Uni-President China Holdings Ltd.

     39,000        27,388  

Vipshop Holdings Ltd., ADR*

     3,621        57,972  

Zhejiang Expressway Co. Ltd., Class H

     38,000        28,336  
     

 

 

 
Total China

 

     475,003  
Czech Republic – 0.3%

 

CEZ AS

     318        13,547  
Hungary – 0.5%

 

MOL Hungarian Oil & Gas PLC

     3,293        25,085  
India – 24.5%

 

ABB India Ltd.

     356        17,569  

Asian Paints Ltd.

     727        27,674  

Aurobindo Pharma Ltd.

     1,679        18,487  

Axis Bank Ltd.

     1,732      21,623  

Bajaj Auto Ltd.

     500        30,489  

Bank of Baroda

     6,778        17,463  

Berger Paints India Ltd.

     630        4,316  

Berger Paints India Ltd.*

     126        863  

Bharat Electronics Ltd.

     10,111        16,839  

Bharat Petroleum Corp. Ltd.

     6,951        29,012  

Bharti Airtel Ltd.

     742        8,278  

Britannia Industries Ltd.

     296        16,173  

CG Power & Industrial Solutions Ltd.

     2,825        15,043  

Cipla Ltd.

     1,685        24,068  

Coal India Ltd.

     9,899        35,190  

Colgate-Palmolive India Ltd.

     998        24,103  

Dr. Reddy’s Laboratories Ltd.

     362        24,355  

Eicher Motors Ltd.

     518        21,502  

Grasim Industries Ltd.

     1,185        27,718  

HCL Technologies Ltd.

     2,227        33,115  

Hero MotoCorp Ltd.

     888        32,693  

Hindustan Aeronautics Ltd.

     162        3,762  

Hindustan Petroleum Corp. Ltd.*

     8,116        24,917  

ICICI Lombard General Insurance Co. Ltd.(a)

     1,269        20,012  

Indian Hotels Co. Ltd.

     5,398        26,723  

Indian Oil Corp. Ltd.

     28,033        30,703  

Infosys Ltd.

     1,396        24,131  

InterGlobe Aviation Ltd.*(a)

     142        4,072  

ITC Ltd.

     3,772        20,186  

Lupin Ltd.

     356        5,021  

Mahindra & Mahindra Ltd.

     1,765        33,035  

Maruti Suzuki India Ltd.

     258        32,966  

Max Healthcare Institute Ltd.

     632        4,318  

MRF Ltd.

     18        23,257  

Nestle India Ltd.

     66        17,888  

NTPC Ltd.

     8,858        26,193  

Oil & Natural Gas Corp. Ltd.

     13,088        30,237  

Pidilite Industries Ltd.

     204        5,993  

Power Grid Corp. of India Ltd.

     11,660        28,047  

Samvardhana Motherson International Ltd.

     16,507        19,083  

SBI Cards & Payment Services Ltd.

     1,988        18,939  

Siemens Ltd.

     448        19,813  

State Bank of India

     2,775        20,002  

Sun Pharmaceutical Industries Ltd.

     1,703        23,762  

Tata Consultancy Services Ltd.

     550        23,371  

Tata Elxsi Ltd.

     236        20,539  

Tata Motors Ltd.

     3,227        24,490  

Tech Mahindra Ltd.

     2,070        30,481  

Torrent Pharmaceuticals Ltd.

     804        18,677  

Tube Investments of India Ltd.

     465        16,733  

TVS Motor Co. Ltd.

     1,551        28,423  

United Spirits Ltd.*

     345        4,185  

Varun Beverages Ltd.

     824        9,384  

Vedanta Ltd.

     4,171        11,178  

Wipro Ltd.

     5,275        25,793  
     

 

 

 
Total India

 

     1,122,887  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

September 30, 2023

 

 

 

Investments    Shares      Value  
Indonesia – 5.3%

 

Adaro Energy Indonesia Tbk PT

     104,800      $ 19,326  

Astra International Tbk PT

     57,600        23,200  

Bank Central Asia Tbk PT

     56,600        32,319  

Bank Negara Indonesia Persero Tbk PT

     35,000        23,382  

Bank Rakyat Indonesia Persero Tbk PT

     60,300        20,386  

Indah Kiat Pulp & Paper Tbk PT

     49,000        35,192  

Indofood CBP Sukses Makmur Tbk PT

     18,300        13,114  

Indofood Sukses Makmur Tbk PT

     44,800        19,204  

Sumber Alfaria Trijaya Tbk PT

     27,300        5,229  

Telkom Indonesia Persero Tbk PT

     109,700        26,618  

United Tractors Tbk PT

     13,800        25,225  
     

 

 

 
Total Indonesia

 

     243,195  
Malaysia – 4.3%

 

AMMB Holdings Bhd

     22,400        17,652  

CIMB Group Holdings Bhd

     17,800        20,585  

Gamuda Bhd

     5,600        5,284  

Hong Leong Bank Bhd

     5,400        22,427  

Hong Leong Financial Group Bhd

     6,400        24,127  

IHH Healthcare Bhd

     5,500        6,853  

IOI Corp. Bhd

     11,700        9,918  

Kuala Lumpur Kepong Bhd

     1,600        7,292  

Malaysia Airports Holdings Bhd

     3,100        4,708  

MISC Bhd

     7,100        10,706  

QL Resources Bhd

     5,300        6,163  

RHB Bank Bhd

     18,788        21,728  

Sime Darby Bhd

     34,600        16,286  

Telekom Malaysia Bhd

     24,200        25,255  
     

 

 

 
Total Malaysia

 

     198,984  
Mexico – 4.6%

 

Alfa SAB de CV, Class A

     22,419        14,629  

America Movil SAB de CV, Series B(b)

     33,616        29,189  

Arca Continental SAB de CV

     2,434        22,168  

Coca-Cola Femsa SAB de CV

     2,598        20,448  

Fibra Uno Administracion SA de CV

     4,200        7,021  

Fomento Economico Mexicano SAB de CV

     1,575        17,249  

Gruma SAB de CV, Class B

     1,165        20,009  

Grupo Bimbo SAB de CV, Series A

     2,138        10,337  

Grupo Financiero Inbursa SAB de CV, Class O*

     14,174        27,951  

Promotora y Operadora de Infraestructura SAB de CV

     2,893        25,931  

Wal-Mart de Mexico SAB de CV

     3,700        13,967  
     

 

 

 
Total Mexico

 

     208,899  
Philippines – 2.0%

 

Bank of the Philippine Islands

     11,308        22,386  

International Container Terminal Services, Inc.

     3,750        13,734  

Jollibee Foods Corp.

     7,610        30,857  

Manila Electric Co.

     2,270        14,765  

Metropolitan Bank & Trust Co.

     11,810        11,272  
     

 

 

 
Total Philippines

 

     93,014  
Poland – 1.4%

 

CD Projekt SA

     139        3,987  

Dino Polska SA*(a)

     55        4,473  

ORLEN SA

     1,536      20,656  

Powszechna Kasa Oszczednosci Bank Polski SA*

     1,346        10,706  

Powszechny Zaklad Ubezpieczen SA

     1,563        14,813  

Santander Bank Polska SA*

     127        10,474  
     

 

 

 
Total Poland

 

     65,109  
Russia – 0.0%

 

LUKOIL PJSC*

     67        0  

LUKOIL PJSC, ADR*

     46        0  

Magnit PJSC*

     32        0  

Magnit PJSC, GDR*(c)

     1        0  

MMC Norilsk Nickel PJSC*

     29        0  

MMC Norilsk Nickel PJSC, ADR*

     11        0  

Mobile TeleSystems PJSC, ADR*

     1,696        0  

Novolipetsk Steel PJSC*

     3,110        0  

PhosAgro PJSC*

     178        0  

PhosAgro PJSC, GDR*(c)

     4        0  

Polyus PJSC*

     59        0  

Rosneft Oil Co. PJSC*

     1,588        0  

Sberbank of Russia PJSC, ADR*

     639        0  

Severstal PAO, GDR*(c)

     475        0  

VTB Bank PJSC*

     16,536,000        0  

X5 Retail Group NV, GDR*(c)

     223        0  
     

 

 

 
Total Russia

 

     0  
South Africa – 2.8%

 

Absa Group Ltd.

     1,518        14,087  

Bid Corp. Ltd.(b)

     557        12,484  

Harmony Gold Mining Co. Ltd.

     1,113        4,196  

MTN Group Ltd.

     1,394        8,350  

Remgro Ltd.

     4,052        31,940  

Standard Bank Group Ltd.

     2,986        29,119  

Woolworths Holdings Ltd.

     7,175        25,833  
     

 

 

 
Total South Africa

 

     126,009  
South Korea – 9.9%

 

BGF Retail Co. Ltd.

     168        17,555  

DB Insurance Co. Ltd.

     646        42,799  

Doosan Bobcat, Inc.

     1,016        38,399  

GS Holdings Corp.

     642        18,983  

Hyundai Glovis Co. Ltd.

     165        22,548  

Hyundai Motor Co.

     341        48,292  

Korean Air Lines Co. Ltd.

     1,228        19,793  

KT Corp.

     1,250        30,708  

LG Uplus Corp.

     3,084        23,677  

Meritz Financial Group, Inc.

     1,406        57,515  

Orion Corp.

     259        24,626  

Posco International Corp.

     199        10,530  

Samsung Electronics Co. Ltd.

     1,952        98,945  
     

 

 

 
Total South Korea

 

     454,370  
Taiwan – 18.7%

 

Acer, Inc.

     14,000        15,743  

ASE Technology Holding Co. Ltd.

     8,000        27,137  

Cheng Shin Rubber Industry Co. Ltd.

     19,000        25,015  

Chunghwa Telecom Co. Ltd.

     6,000        21,561  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

September 30, 2023

 

 

 

Investments    Shares      Value  

Compal Electronics, Inc.

     31,000      $ 29,482  

Eva Airways Corp.

     5,000        4,608  

Far EasTone Telecommunications Co. Ltd.

     13,000        29,278  

Hon Hai Precision Industry Co. Ltd.

     8,000        25,774  

Lite-On Technology Corp., ADR

     14,000        52,694  

Novatek Microelectronics Corp.

     2,000        26,208  

Pegatron Corp.

     11,000        26,103  

Pou Chen Corp.

     12,000        10,650  

President Chain Store Corp.

     3,000        24,396  

Quanta Computer, Inc.

     8,000        59,355  

Synnex Technology International Corp.

     14,000        27,800  

Taiwan Business Bank

     56,000        22,899  

Taiwan Mobile Co. Ltd.

     3,000        8,792  

Taiwan Semiconductor Manufacturing Co. Ltd.

     15,500        251,127  

Uni-President Enterprises Corp.

     9,000        19,544  

United Microelectronics Corp.

     16,000        22,404  

Wistron Corp.

     3,000        9,433  

Wiwynn Corp.

     1,500        69,469  

WPG Holdings Ltd.

     15,000        28,159  

Zhen Ding Technology Holding Ltd.

     6,000        18,290  
     

 

 

 
Total Taiwan

 

     855,921  
Thailand – 1.5%

 

Advanced Info Service PCL, NVDR

     300        1,878  

Bangkok Dusit Medical Services PCL, NVDR

     4,400        3,232  

Bumrungrad Hospital PCL, NVDR

     900        6,624  

Krung Thai Bank PCL, NVDR

     36,500        19,046  

Minor International PCL, NVDR

     22,000        18,881  

SCB X PCL, NVDR

     6,600        18,579  
     

 

 

 
Total Thailand

 

     68,240  
Turkey – 3.5%

 

Akbank TAS

     21,509        26,252  

Ford Otomotiv Sanayi AS

     700        21,576  

Haci Omer Sabanci Holding AS

     5,262        11,459  

KOC Holding AS

     4,076        21,811  

Pegasus Hava Tasimaciligi AS*

     290        8,718  

Tofas Turk Otomobil Fabrikasi AS

     1,371        14,777  

Turk Hava Yollari AO*

     1,251        11,066  

Turkiye Is Bankasi AS, Class C

     34,503        32,395  

Turkiye Sise ve Cam Fabrikalari AS

     7,033        14,020  
     

 

 

 
Total Turkey

 

     162,074  

TOTAL COMMON STOCKS

(Cost: $4,399,163)

 

 

     4,508,317  
PREFERRED STOCKS – 0.9%

 

Brazil – 0.9%

 

Cia Energetica de Minas Gerais

     5,382        13,344  

Petroleo Brasileiro SA

     3,945        27,303  

TOTAL PREFERRED STOCKS

(Cost: $35,057)

 

 

     40,647  
RIGHTS – 0.0%

 

Chile – 0.0%

 

Banco de Credito e Inversiones SA, expiring 10/21/23*

     
(Cost: $0)      131      109  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%

 

United States – 0.9%

 

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

     
(Cost: $40,796)      40,796        40,796  
TOTAL INVESTMENTS IN SECURITIES – 100.2% (Cost: $4,475,016)

 

     4,589,869  

Other Assets less Liabilities – (0.2)%

 

     (10,687
     

 

 

 
NET ASSETS – 100.0%

 

   $ 4,579,182  
* 

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 $37,703 and the total market value of the collateral held by the Fund was $40,796.

 

(c) 

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

 

(d) 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

September 30, 2023

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC — OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to be
Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America NA

    10/2/2023       756       USD       17,410       CZK     $     $ (1

Bank of America NA

    10/4/2023       160,051       CZK       6,973       USD             (16

Bank of America NA

    10/4/2023       27,450       HKD       3,505       USD             (0 )^ 

Bank of America NA

    11/3/2023       11,393       USD       261,828       CZK       26        

Citibank NA

    10/3/2023       5,085,559       PHP       89,692       USD       197        

Citibank NA

    10/3/2023       89,648       USD       5,085,559       PHP             (241

Citibank NA

    10/4/2023       207,024       USD       1,014,982       BRL       4,272        

Citibank NA

    10/4/2023       82,218       USD       70,061,610       CLP       3,795        

Citibank NA

    10/4/2023       189,299       USD       2,884,626,557       IDR       2,652        

Citibank NA

    10/4/2023       959,367       USD       30,536,648       TWD       13,275        

Citibank NA

    10/4/2023       2,496,944       ZAR       132,764       USD             (237

Citibank NA

    10/5/2023       935,342       USD       77,429,492       INR       2,960        

Citibank NA

    10/5/2023       213,305       USD       17,703,249       INR       128        

Citibank NA

    10/11/2023       56,193       USD       404,619       CNY       797        

Citibank NA

    11/6/2023       92,348       USD       5,237,341       PHP             (257

Goldman Sachs

    10/4/2023       1,014,982       BRL       202,956       USD             (204

Goldman Sachs

    10/4/2023       70,061,610       CLP       77,985       USD       438        

Goldman Sachs

    10/4/2023       2,769,562       MXN       158,533       USD       807        

Goldman Sachs

    10/4/2023       666,741       MYR       142,518       USD             (505

Goldman Sachs

    10/5/2023       522,844,374       KRW       387,608       USD             (123

Goldman Sachs

    10/5/2023       386,920       USD       522,844,374       KRW             (565

Goldman Sachs

    11/3/2023       384,244       USD       517,633,555       KRW       58        

Goldman Sachs

    11/3/2023       170,481       USD       795,601       MYR       675        

Goldman Sachs

    11/6/2023       225,052       USD       1,130,031       BRL       352        

Goldman Sachs

    11/6/2023       69,052       USD       62,173,940       CLP             (375

Goldman Sachs

    11/6/2023       173,546       USD       3,048,615       MXN             (887

HSBC Holdings PLC

    10/4/2023       149,188       PLN       34,083       USD       94        

HSBC Holdings PLC

    10/4/2023       2,746,289       TRY       99,748       USD       141        

HSBC Holdings PLC

    10/4/2023       2,413,558       TWD       75,457       USD             (679

HSBC Holdings PLC

    10/4/2023       28,123,090       TWD       875,604       USD             (4,290

HSBC Holdings PLC

    10/4/2023       6,973       USD       154,773       CZK       245        

HSBC Holdings PLC

    10/4/2023       34,083       USD       140,280       PLN       1,947        

HSBC Holdings PLC

    10/4/2023       101,450       USD       3,538,073       THB       4,276        

HSBC Holdings PLC

    10/5/2023       95,132,741       INR       1,145,212       USD       347        

HSBC Holdings PLC

    10/5/2023       522,844,374       KRW       386,919       USD       565        

HSBC Holdings PLC

    10/5/2023       395,750       USD       522,844,374       KRW       8,265        

HSBC Holdings PLC

    10/11/2023       3,399,287       CNY       475,259       USD             (9,861

HSBC Holdings PLC

    10/11/2023       408,750       USD       2,994,668       CNY             (1,251

HSBC Holdings PLC

    11/3/2023       481,595       USD       3,454,241       CNY       7,722        

HSBC Holdings PLC

    11/3/2023       1,137,038       USD       94,590,181       INR             (452

HSBC Holdings PLC

    11/3/2023       105,452       USD       2,997,724       TRY             (23

HSBC Holdings PLC

    11/3/2023       862,942       USD       27,668,938       TWD       2,576        

HSBC Holdings PLC

    11/6/2023       55,444       USD       242,915       PLN             (153

Merrill Lynch International

    10/3/2023       76,918       THB       2,111       USD       2        

Morgan Stanley & Co. International

    10/4/2023       158,533       USD       2,665,245       MXN       5,194        

Morgan Stanley & Co. International

    10/4/2023       144,160       USD       666,741       MYR       2,147        

Morgan Stanley & Co. International

    10/4/2023       222,009       USD       4,170,963       ZAR       632        

Morgan Stanley & Co. International

    10/4/2023       1,683,326       ZAR       89,245       USD       99        

Morgan Stanley & Co. International

    11/3/2023       105,950       USD       2,003,716       ZAR             (120

UBS AG

    10/4/2023       5,883,896       HUF       15,947       USD       92        

UBS AG

    10/4/2023       2,884,626,557       IDR       186,397       USD       250        

UBS AG

    10/4/2023       1,366,077       THB       38,289       USD             (769

UBS AG

    10/4/2023       2,171,996       THB       59,392       USD       262        

UBS AG

    10/4/2023       15,947       USD       5,607,094       HUF       662        

UBS AG

    10/4/2023       99,748       USD       2,720,342       TRY       803        

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

September 30, 2023

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC — OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to be
Purchased
    Amount and
Description of
Currency to
be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

UBS AG

    11/3/2023       204,425       USD       3,164,937,874       IDR     $     $ (347

UBS AG

    11/3/2023       55,129       USD       2,011,485       THB             (257

UBS AG

    11/6/2023       16,554       USD       6,146,144       HUF             (97
                                            $ 66,753     $ (21,710
^ 

Amount represents less than $1.

 

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

           

Russia

   $      $      $ 0 *     $ 0  

Other

     4,508,317                      4,508,317  

Preferred Stocks

     40,647                      40,647  

Rights

     109                      109  

Investment of Cash Collateral for Securities Loaned

            40,796               40,796  

Total Investments in Securities

   $ 4,549,073      $ 40,796      $ 0      $ 4,589,869  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 66,753      $      $ 66,753  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (21,710    $      $ (21,710

Total – Net

   $ 4,549,073      $ 85,839      $ 0      $ 4,634,912  

 

* 

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

 

1 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 97.7%

 

Brazil – 5.1%

 

Ambev SA

     113,608      $ 297,571  

Banco do Brasil SA

     26,430        249,134  

BB Seguridade Participacoes SA

     37,551        234,150  

CCR SA

     144,445        371,992  

Cia de Saneamento Basico do Estado de Sao Paulo SABESP

     33,851        412,756  

Engie Brasil Energia SA

     47,967        397,042  

Klabin SA

     113,351        539,217  

Lojas Renner SA

     28,011        74,991  

Raia Drogasil SA

     44,747        246,926  

Suzano SA

     20,959        227,294  

TIM SA

     110,244        327,966  

TOTVS SA

     35,572        191,889  

Ultrapar Participacoes SA

     82,216        307,990  

Vale SA

     67,668        913,650  

WEG SA

     44,387        321,649  
     

 

 

 
Total Brazil

 

     5,114,217  
Chile – 1.8%

 

Banco de Chile

     2,092,037        211,909  

Banco de Credito e Inversiones SA

     12,307        313,492  

Banco Santander Chile

     4,419,280        203,563  

Cencosud SA

     154,540        291,487  

Cia Sud Americana de Vapores SA

     2,620,061        156,321  

Empresas CMPC SA

     226,664        415,117  

Empresas Copec SA

     30,310        213,749  
     

 

 

 
Total Chile

 

     1,805,638  
China – 0.5%

 

Airtac International Group

     11,767        356,869  

Silergy Corp.

     15,000        141,494  
     

 

 

 
Total China

 

     498,363  
Czech Republic – 0.3%

 

CEZ AS

     7,133        303,875  
Hungary – 0.5%

 

MOL Hungarian Oil & Gas PLC

     26,128        199,036  

Richter Gedeon Nyrt

     10,529        255,921  
     

 

 

 
Total Hungary

 

     454,957  
India – 27.2%

 

ABB India Ltd.

     6,484        319,998  

Adani Enterprises Ltd.

     13,966        405,973  

Adani Ports & Special Economic Zone Ltd.

     50,671        503,499  

Apollo Hospitals Enterprise Ltd.

     4,573        282,931  

Asian Paints Ltd.

     10,169        387,093  

Aurobindo Pharma Ltd.

     22,762        250,628  

Bajaj Auto Ltd.

     6,478        395,016  

Berger Paints India Ltd.

     25,197        172,605  

Berger Paints India Ltd.*

     5,039        34,521  

Bharat Electronics Ltd.

     248,913        414,549  

Bharat Forge Ltd.

     19,474        255,991  

Britannia Industries Ltd.

     7,887        430,924  

Cipla Ltd.

     56,747        810,566  

Coal India Ltd.

     76,878      273,291  

Colgate-Palmolive India Ltd.

     14,746        356,134  

Container Corp. of India Ltd.

     19,170        165,334  

Dabur India Ltd.

     30,772        204,402  

Divi’s Laboratories Ltd.

     5,295        240,079  

Dr. Reddy’s Laboratories Ltd.

     3,921        263,804  

Eicher Motors Ltd.

     4,735        196,545  

Grasim Industries Ltd.

     21,971        513,919  

Havells India Ltd.

     23,766        397,511  

HCL Technologies Ltd.

     26,246        390,271  

Hero MotoCorp Ltd.

     5,844        215,153  

Hindalco Industries Ltd.

     45,987        272,822  

Hindustan Unilever Ltd.

     19,483        578,475  

ICICI Bank Ltd.

     65,041        745,564  

Indian Hotels Co. Ltd.

     66,379        328,613  

Indian Railway Catering & Tourism Corp. Ltd.

     17,710        145,203  

Indraprastha Gas Ltd.

     39,394        215,777  

Infosys Ltd.

     67,120        1,160,235  

ITC Ltd.

     120,814        646,543  

Jindal Steel & Power Ltd.

     45,160        381,412  

Jubilant Foodworks Ltd.

     39,091        250,953  

Kotak Mahindra Bank Ltd.

     19,816        414,187  

Larsen & Toubro Ltd.

     18,325        667,217  

LTIMindtree Ltd.(a)

     2,879        180,623  

Mahindra & Mahindra Ltd.

     17,791        332,987  

Maruti Suzuki India Ltd.

     4,384        560,166  

Mphasis Ltd.

     6,979        199,736  

MRF Ltd.

     215        277,796  

Nestle India Ltd.

     2,172        588,683  

NTPC Ltd.

     150,181        444,080  

Oil & Natural Gas Corp. Ltd.

     116,829        269,910  

Page Industries Ltd.

     499        234,225  

Petronet LNG Ltd.

     119,743        346,001  

PI Industries Ltd.

     4,952        205,913  

Pidilite Industries Ltd.

     13,414        394,063  

Power Grid Corp. of India Ltd.

     231,060        555,800  

Reliance Industries Ltd.

     53,908        1,522,307  

SBI Cards & Payment Services Ltd.

     29,955        285,369  

Siemens Ltd.

     7,858        347,520  

SRF Ltd.

     7,103        192,404  

State Bank of India

     63,226        455,724  

Sun Pharmaceutical Industries Ltd.

     40,901        570,680  

Tata Consultancy Services Ltd.

     22,589        959,855  

Tata Consumer Products Ltd.

     23,896        252,337  

Tata Elxsi Ltd.

     2,145        186,681  

Tata Power Co. Ltd.

     141,467        446,848  

Tech Mahindra Ltd.

     30,822        453,860  

Titan Co. Ltd.

     8,846        335,427  

Torrent Pharmaceuticals Ltd.

     13,976        324,671  

Trent Ltd.

     10,371        259,789  

Tube Investments of India Ltd.

     10,693        384,795  

TVS Motor Co. Ltd.

     28,434        521,077  

UltraTech Cement Ltd.

     4,394        436,793  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

September 30, 2023

 

 

 

Investments    Shares      Value  

UPL Ltd.

     29,850      $ 221,517  

Varun Beverages Ltd.

     44,196        503,318  

Wipro Ltd.

     50,565        247,250  
     

 

 

 
Total India

 

     27,185,943  
Indonesia – 2.8%

 

Adaro Energy Indonesia Tbk PT

     982,800        181,235  

Aneka Tambang Tbk

     1,621,100        190,378  

Astra International Tbk PT

     522,000        210,252  

Bank Central Asia Tbk PT

     820,900        468,744  

Bank Mandiri Persero Tbk PT

     871,800        339,864  

Bank Negara Indonesia Persero Tbk PT

     287,700        192,203  

Bank Rakyat Indonesia Persero Tbk PT

     1,174,700        397,141  

Kalbe Farma Tbk PT

     3,182,631        361,405  

Sumber Alfaria Trijaya Tbk PT

     1,341,900        257,006  

United Tractors Tbk PT

     99,400        181,692  
     

 

 

 
Total Indonesia

 

     2,779,920  
Malaysia – 3.2%

 

CIMB Group Holdings Bhd

     387,900        448,602  

Gamuda Bhd

     357,703        337,495  

IHH Healthcare Bhd

     129,000        160,726  

IOI Corp. Bhd

     218,800        185,469  

Kuala Lumpur Kepong Bhd

     39,500        180,033  

MR DIY Group M Bhd(a)

     333,600        107,286  

Petronas Chemicals Group Bhd

     115,700        177,175  

Petronas Dagangan Bhd

     57,600        274,552  

PPB Group Bhd

     79,800        263,097  

Press Metal Aluminium Holdings Bhd

     207,300        207,951  

QL Resources Bhd

     225,400        262,113  

RHB Bank Bhd

     136,178        157,488  

Sime Darby Plantation Bhd

     243,300        221,782  

Telekom Malaysia Bhd

     185,400        193,485  
     

 

 

 
Total Malaysia

 

     3,177,254  
Mexico – 5.5%

 

Alfa SAB de CV, Class A

     251,916        164,383  

America Movil SAB de CV, Series B

     708,058        614,817  

Arca Continental SAB de CV

     40,161        365,779  

Coca-Cola Femsa SAB de CV

     49,293        387,968  

Fibra Uno Administracion SA de CV

     226,565        378,727  

Fomento Economico Mexicano SAB de CV

     59,578        652,501  

Grupo Aeroportuario del Pacifico SAB de CV, Class B

     19,713        324,918  

Grupo Aeroportuario del Sureste SAB de CV, Class B

     13,915        341,547  

Grupo Bimbo SAB de CV, Series A

     193,095        933,558  

Grupo Financiero Banorte SAB de CV, Class O

     43,002        361,540  

Grupo Mexico SAB de CV, Series B

     98,322        466,702  

Orbia Advance Corp. SAB de CV

     86,304        179,824  

Promotora y Operadora de Infraestructura SAB de CV

     37,533        336,422  
     

 

 

 
Total Mexico

 

     5,508,686  
Philippines – 2.1%

 

Bank of the Philippine Islands

     170,160        336,855  

International Container Terminal Services, Inc.

     170,860        625,746  

Jollibee Foods Corp.

     36,730      148,930  

Metropolitan Bank & Trust Co.

     176,700        168,655  

PLDT, Inc.

     13,220        274,793  

SM Investments Corp.

     19,070        284,317  

Universal Robina Corp.

     119,910        252,003  
     

 

 

 
Total Philippines

 

     2,091,299  
Poland – 0.5%

 

LPP SA

     99        294,842  

ORLEN SA

     19,137        257,349  
     

 

 

 
Total Poland

 

     552,191  
Russia – 0.0%

 

MMC Norilsk Nickel PJSC*

     993        0  

MMC Norilsk Nickel PJSC, ADR*

     3        0  

Mobile TeleSystems PJSC, ADR*

     24,869        0  

Novolipetsk Steel PJSC*

     71,650        0  

PhosAgro PJSC*

     2,975        0  

PhosAgro PJSC, GDR*(b)

     60        0  

Polyus PJSC*

     1,334        0  

Severstal PAO, GDR*(b)

     8,497        0  

Surgutneftegas PJSC*

     341,560        0  

Surgutneftegas PJSC, ADR*

     749        0  

TCS Group Holding PLC, GDR*(b)

     2,248        0  
     

 

 

 
Total Russia

 

     0  
Saudi Arabia – 5.0%

 

Alinma Bank

     22,741        202,522  

Arab National Bank

     42,265        270,464  

Bank Al-Jazira*

     21,769        97,513  

Bank AlBilad

     31,521        355,514  

Banque Saudi Fransi

     32,128        312,675  

Bupa Arabia for Cooperative Insurance Co.

     4,189        232,322  

Dallah Healthcare Co.

     7,250        275,660  

Dr. Sulaiman Al Habib Medical Services Group Co.

     4,591        288,403  

Etihad Etisalat Co.

     28,395        337,292  

Mouwasat Medical Services Co.

     5,551        152,449  

Nahdi Medical Co.

     6,029        231,807  

SABIC Agri-Nutrients Co.

     6,902        244,762  

Sahara International Petrochemical Co.

     20,795        209,589  

Saudi Awwal Bank

     39,534        363,669  

Saudi Basic Industries Corp.

     13,209        290,563  

Saudi National Bank

     74,770        653,910  

Saudi Telecom Co.

     43,110        432,198  
     

 

 

 
Total Saudi Arabia

 

     4,951,312  
South Africa – 6.3%

 

Absa Group Ltd.

     48,776        452,642  

Anglo American Platinum Ltd.

     3,902        146,218  

Bid Corp. Ltd.(c)

     21,018        471,079  

Bidvest Group Ltd.(c)

     17,286        250,288  

Capitec Bank Holdings Ltd.(c)

     2,595        236,413  

Clicks Group Ltd.

     14,327        196,698  

Exxaro Resources Ltd.(c)

     37,592        343,966  

FirstRand Ltd.

     93,664        317,493  

Foschini Group Ltd.(c)

     70,129        368,115  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

September 30, 2023

 

 

 

Investments    Shares      Value  

Gold Fields Ltd.(c)

     26,954      $ 293,742  

Mr Price Group Ltd.

     15,754        116,194  

Nedbank Group Ltd.

     32,940        353,767  

OUTsurance Group Ltd.(c)

     179,832        408,167  

Pepkor Holdings Ltd.(a)

     418,698        383,374  

Remgro Ltd.

     25,069        197,604  

Sanlam Ltd.

     123,630        430,947  

Shoprite Holdings Ltd.(c)

     19,661        250,300  

Standard Bank Group Ltd.

     58,440        569,901  

Woolworths Holdings Ltd.

     128,894        464,074  
     

 

 

 
Total South Africa

 

     6,250,982  
South Korea – 12.6%

 

BGF Retail Co. Ltd.

     1,569        163,946  

Cheil Worldwide, Inc.

     15,632        232,267  

CJ CheilJedang Corp.

     569        129,452  

DB Insurance Co. Ltd.

     4,591        304,162  

Doosan Bobcat, Inc.

     9,065        342,608  

Ecopro BM Co. Ltd.

     2,911        545,786  

F&F Co. Ltd.

     3,709        310,595  

GS Holdings Corp.

     12,276        362,985  

Hana Financial Group, Inc.

     13,055        410,690  

Hankook Tire & Technology Co. Ltd.

     10,524        308,841  

Hanmi Pharm Co. Ltd.

     1,273        282,071  

HD Hyundai Co. Ltd.

     6,353        312,142  

HMM Co. Ltd.

     27,514        331,538  

Hyundai Glovis Co. Ltd.

     3,434        469,268  

Hyundai Motor Co.

     4,107        581,627  

Industrial Bank of Korea

     23,309        193,637  

Kakao Corp.

     7,837        255,251  

Kia Corp.

     6,482        391,014  

Korean Air Lines Co. Ltd.

     21,279        342,981  

Kumho Petrochemical Co. Ltd.

     4,408        438,056  

L&F Co. Ltd.

     2,683        344,770  

LG Innotek Co. Ltd.

     1,564        283,384  

LG Uplus Corp.

     12,982        99,669  

NCSoft Corp.

     1,271        209,573  

Orion Corp.

     3,774        358,829  

Pan Ocean Co. Ltd.

     47,967        176,313  

S-Oil Corp.

     2,236        131,237  

Samsung Electro-Mechanics Co. Ltd.

     2,236        227,676  

Samsung Electronics Co. Ltd.

     72,331        3,666,400  

Samsung SDS Co. Ltd.

     4,054        406,181  
     

 

 

 
Total South Korea

 

     12,612,949  
Taiwan – 16.5%

 

Accton Technology Corp.

     38,000        580,350  

Advantech Co. Ltd.

     39,280        419,808  

ASE Technology Holding Co. Ltd.

     109,000        369,743  

Delta Electronics, Inc.

     56,000        562,940  

Eclat Textile Co. Ltd.

     17,000        256,471  

Eva Airways Corp.

     227,000        209,205  

Feng TAY Enterprise Co. Ltd.

     67,200        380,961  

Fubon Financial Holding Co. Ltd.

     166,740        313,537  

Hua Nan Financial Holdings Co. Ltd.

     287,000        182,262  

Lite-On Technology Corp., ADR

     151,000      568,346  

MediaTek, Inc.

     27,000        614,767  

Micro-Star International Co. Ltd.

     90,000        457,242  

momo.com, Inc.

     3,280        51,008  

Nan Ya Printed Circuit Board Corp.

     26,000        214,650  

Nien Made Enterprise Co. Ltd.

     38,000        364,926  

Pou Chen Corp.

     171,000        151,768  

Powerchip Semiconductor Manufacturing Corp.

     217,000        178,478  

Quanta Computer, Inc.

     99,000        734,515  

Realtek Semiconductor Corp.

     47,000        575,115  

Ruentex Development Co. Ltd.

     193,950        211,491  

SinoPac Financial Holdings Co. Ltd.

     647,700        349,127  

Synnex Technology International Corp.

     257,000        510,330  

Taiwan Semiconductor Manufacturing Co. Ltd.

     361,291        5,853,540  

Unimicron Technology Corp.

     58,000        311,736  

United Microelectronics Corp.

     311,000        435,470  

Voltronic Power Technology Corp.

     7,000        343,706  

Walsin Lihwa Corp.

     143,000        163,021  

Winbond Electronics Corp.

     303,000        237,478  

Wiwynn Corp.

     12,000        555,753  

Zhen Ding Technology Holding Ltd.

     89,000        271,297  
     

 

 

 
Total Taiwan

 

     16,429,041  
Thailand – 3.3%

 

Bangkok Dusit Medical Services PCL, NVDR

     461,800        339,256  

Banpu PCL, NVDR

     1,994,600        438,223  

Bumrungrad Hospital PCL, NVDR

     57,300        421,734  

Delta Electronics Thailand PCL, NVDR

     269,000        611,322  

Gulf Energy Development PCL, NVDR

     225,400        281,653  

Indorama Ventures PCL, NVDR

     334,800        239,061  

PTT Exploration & Production PCL, NVDR

     118,700        557,438  

Thai Oil PCL, NVDR

     295,300        409,547  
     

 

 

 
Total Thailand

 

     3,298,234  
Turkey – 4.5%

 

Aselsan Elektronik Sanayi Ve Ticaret AS

     346,415        515,547  

BIM Birlesik Magazalar AS

     41,294        413,769  

Ford Otomotiv Sanayi AS

     25,801        795,252  

Haci Omer Sabanci Holding AS

     129,571        282,159  

KOC Holding AS

     72,038        385,482  

Turkcell Iletisim Hizmetleri AS*

     224,456        436,385  

Turkiye Petrol Rafinerileri AS

     131,653        763,554  

Turkiye Sise ve Cam Fabrikalari AS

     249,309        496,981  

Yapi ve Kredi Bankasi AS

     582,023        391,908  
     

 

 

 
Total Turkey

 

     4,481,037  

TOTAL COMMON STOCKS

(Cost: $89,111,610)

 

 

     97,495,898  
PREFERRED STOCKS – 2.3%

 

Brazil – 0.7%

 

Cia Energetica de Minas Gerais

     121,181        300,459  

Itausa SA

     192,193        347,508  
     

 

 

 
Total Brazil

 

     647,967  
Chile – 0.2%

 

Sociedad Quimica y Minera de Chile SA, Class B

     3,531        208,899  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

September 30, 2023

 

 

 

Investments    Shares      Value  
South Korea – 1.4%

 

Hyundai Motor Co.

     8,525      $ 666,539  

Samsung Electronics Co. Ltd.

     18,916        763,985  
     

 

 

 
Total South Korea

 

     1,430,524  

TOTAL PREFERRED STOCKS

(Cost: $2,432,640)

 

 

     2,287,390  
RIGHTS – 0.0%

 

Chile – 0.0%

 

Banco de Credito e Inversiones SA, expiring 10/21/23*

(Cost: $0)      1,597        1,329  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.4%

 

United States – 1.4%

 

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

     
(Cost: $1,437,125)      1,437,125        1,437,125  

TOTAL INVESTMENTS IN SECURITIES – 101.4%

(Cost: $92,981,375)

 

 

     101,221,742  

Other Assets less Liabilities – (1.4)%

 

     (1,433,429
     

 

 

 
NET ASSETS – 100.0%

 

   $ 99,788,313  
* 

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) 

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

 

(c)

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 $2,097,614 and the total market value of the collateral held by the Fund was $2,216,472. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $779,347.

 

(d) 

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

 

FINANCIAL DERIVATIVE INSTRUMENTS

 
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and
Description of
Currency to be
Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America NA

    10/4/2023       54,296       USD       72,517,562       KRW     $ 555     $  

 

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

           

Russia

   $      $      $ 0 *     $ 0  

Other

     97,495,898                      97,495,898  

Preferred Stocks

     2,287,390                      2,287,390  

Rights

     1,329                      1,329  

Investment of Cash Collateral for Securities Loaned

            1,437,125               1,437,125  

Total Investments in Securities

   $ 99,784,617      $ 1,437,125      $ 0      $ 101,221,742  

Financial Derivative Instruments

 

Foreign Currency Contracts1

   $      $ 555      $      $ 555  

Total – Net

   $ 99,784,617      $ 1,437,680      $ 0      $ 101,222,297  
* 

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

 

1 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

COMMON STOCKS – 99.8%

 

Brazil – 5.8%

 

AES Brasil Energia SA*

     165,692      $ 361,164  

Aliansce Sonae Shopping Centers SA

     152,299        687,372  

Alupar Investimento SA

     933,644        5,364,741  

Arezzo Industria e Comercio SA

     114,387        1,484,572  

Armac Locacao Logistica E Servicos SA

     165,756        425,219  

Blau Farmaceutica SA

     93,356        298,429  

BrasilAgro – Co. Brasileira de Propriedades Agricolas

     598,755        3,435,676  

Camil Alimentos SA

     8,388        12,887  

Cia Brasileira de Aluminio

     753,784        688,243  

Cia Brasileira de Distribuicao*

     12,501        8,742  

Cia de Saneamento de Minas Gerais Copasa MG

     394,009        1,362,642  

Cia de Saneamento do Parana

     1,976,241        9,025,987  

Cia Energetica de Minas Gerais

     1,450,712        5,535,962  

Cia Paranaense de Energia

     1,334,611        11,863,031  

Cielo SA

     3,331,451        2,336,249  

CM Hospitalar SA

     291,999        977,180  

Cruzeiro do Sul Educacional SA

     288,121        241,195  

Cyrela Brazil Realty SA Empreendimentos e Participacoes

     651,154        2,637,036  

Dexco SA

     3,445,507        5,300,568  

Energisa SA

     1,723,876        16,101,495  

Even Construtora e Incorporadora SA

     480,108        591,838  

Ez Tec Empreendimentos e Participacoes SA

     331,668        1,247,101  

Fleury SA

     654,246        1,980,306  

GPS Participacoes e Empreendimentos SA(a)

     572,020        1,964,562  

Grendene SA

     1,325,362        1,774,140  

Grupo De Moda Soma SA

     332,424        441,665  

Grupo SBF SA

     163,800        223,191  

Guararapes Confeccoes SA*

     439,232        463,347  

Iguatemi SA

     293,154        1,186,040  

Iochpe Maxion SA

     298,900        818,135  

Irani Papel e Embalagem SA

     5,217        13,206  

Jalles Machado SA

     508,318        869,336  

JHSF Participacoes SA

     15,450        14,693  

Kepler Weber SA

     1,338,912        3,097,699  

LOG Commercial Properties e Participacoes SA

     214,777        873,663  

M Dias Branco SA

     498,802        3,640,461  

Mahle Metal Leve SA

     443,045        4,270,942  

Minerva SA

     1,511,337        2,442,803  

Movida Participacoes SA

     819,955        1,946,189  

MRV Engenharia e Participacoes SA*

     1,346,939        2,871,382  

Multilaser Industrial SA*

     732,371        403,849  

Multiplan Empreendimentos Imobiliarios SA

     659,841        3,239,090  

Odontoprev SA

     413,968        900,686  

Petroreconcavo SA

     123,415        516,325  

Porto Seguro SA

     1,031,579        5,418,407  

Portobello SA

     5,060        5,884  

Positivo Tecnologia SA

     2,997        4,311  

Qualicorp Consultoria e Corretora de Seguros SA

     161,378        99,306  

Santos Brasil Participacoes SA

     4,502,369        7,709,043  

Sao Martinho SA

     975,635      7,652,727  

SIMPAR SA

     1,302,096        2,299,714  

SLC Agricola SA

     505,485        3,978,074  

Transmissora Alianca de Energia Eletrica SA

     3,221,560        22,244,289  

Ultrapar Participacoes SA

     1,382,877        5,180,401  

Vamos Locacao de Caminhoes Maquinas e Equipamentos SA

     365,585        712,150  

Vivara Participacoes SA

     230,049        1,234,539  

Wilson Sons SA

     738,467        2,065,559  

YDUQS Participacoes SA

     70,081        278,213  
     

 

 

 
Total Brazil

 

     162,821,656  
Chile – 0.6%

 

Aguas Andinas SA, Class A

     16,277,123        4,882,499  

Banco Itau Chile SA

     235,346        2,258,173  

Cencosud Shopping SA

     1,349,110        2,038,729  

Empresa Nacional de Telecomunicaciones SA

     1,399,316        4,683,444  

Parque Arauco SA

     1,625,039        2,324,187  

Ripley Corp. SA

     10,915,589        2,021,709  

Vina Concha y Toro SA

     37,190        41,141  
     

 

 

 
Total Chile

 

     18,249,882  
China – 17.0%

 

3SBio, Inc.(a)

     1,947,500        1,628,750  

A-Living Smart City Services Co. Ltd.*(a)(b)

     4,236,750        2,391,062  

Aluminum Corp. of China Ltd., Class H

     4,554,000        2,546,847  

Anhui Expressway Co. Ltd., Class H

     5,630,000        5,887,460  

Anhui Guangxin Agrochemical Co. Ltd., Class A

     1,552,399        4,274,251  

Anhui Zhongding Sealing Parts Co. Ltd., Class A

     150,500        249,534  

AsiaInfo Technologies Ltd.(a)

     1,886,800        2,115,222  

BAIC Motor Corp. Ltd., Class H(a)

     17,611,000        5,329,273  

Bank of Guiyang Co. Ltd., Class A

     18,112,588        13,896,904  

Beijing Capital Eco-Environment Protection Group Co. Ltd., Class A

     1,136,800        443,127  

Beijing GeoEnviron Engineering & Technology, Inc., Class A

     129,400        166,951  

Beijing Jingneng Clean Energy Co. Ltd., Class H

     10,160,000        2,114,545  

Beijing Originwater Technology Co. Ltd., Class A

     967,478        681,215  

Beijing Zhong Ke San Huan High-Tech Co. Ltd., Class A

     83,400        124,543  

Binjiang Service Group Co. Ltd.

     91,500        203,753  

CanSino Biologics, Inc., Class H*(a)

     147,600        459,845  

Chengdu XGimi Technology Co. Ltd., Class A

     3,482        58,889  

China Automotive Engineering Research Institute Co. Ltd., Class A

     831,423        2,310,856  

China Cinda Asset Management Co. Ltd., Class H

     93,326,000        9,413,809  

China Communications Services Corp. Ltd., Class H

     16,486,000        6,925,431  

China Datang Corp. Renewable Power Co. Ltd., Class H

     825,000        195,931  

China East Education Holdings Ltd.(a)

     4,285,500        1,761,948  

China Galaxy Securities Co. Ltd., Class H

     46,132,500        23,797,098  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

China International Capital Corp. Ltd., Class H(a)

     3,820,400      $ 7,004,851  

China International Marine Containers Group Co. Ltd., Class A

     13,297,654        12,958,631  

China International Marine Containers Group Co. Ltd., Class H

     3,646,700        2,104,622  

China Kepei Education Group Ltd.

     3,762,000        1,008,727  

China Kings Resources Group Co. Ltd., Class A

     33,400        135,695  

China Meheco Co. Ltd., Class A

     118,000        200,506  

China Merchants Securities Co. Ltd., Class H(a)

     4,004,800        3,507,847  

China Minsheng Banking Corp. Ltd., Class H

     54,983,500        18,814,939  

China National Gold Group Gold Jewellery Co. Ltd., Class A

     269,300        407,697  

China New Higher Education Group Ltd.(a)

     8,605,000        2,362,245  

China Nonferrous Mining Corp. Ltd.

     9,991,000        6,416,713  

China Oilfield Services Ltd., Class H

     842,000        1,010,591  

China Railway Group Ltd., Class H

     20,336,000        10,490,170  

China Railway Signal & Communication Corp. Ltd., Class H(a)

     10,552,000        3,368,297  

China Reinsurance Group Corp., Class H

     4,035,000        244,722  

China Resources Boya Bio-pharmaceutical Group Co. Ltd., Class A

     24,100        103,171  

China Resources Double Crane Pharmaceutical Co. Ltd., Class A

     217,800        521,949  

China Resources Medical Holdings Co. Ltd.

     2,310,500        1,513,418  

China Risun Group Ltd.

     9,230,000        3,889,119  

China South Publishing & Media Group Co. Ltd., Class A

     5,113,600        8,422,359  

China Suntien Green Energy Corp. Ltd., Class H

     9,422,000        3,260,228  

China XLX Fertiliser Ltd.

     3,118,000        1,568,585  

China Yongda Automobiles Services Holdings Ltd.

     12,950,500        5,010,312  

Chongqing Rural Commercial Bank Co. Ltd., Class H

     18,959,000        6,995,986  

CIMC Enric Holdings Ltd.

     12,000        10,465  

CMOC Group Ltd., Class H

     8,502,000        5,460,403  

CSC Financial Co. Ltd., Class H(a)

     5,985,500        6,060,511  

DHC Software Co. Ltd., Class A

     135,500        120,887  

Dian Diagnostics Group Co. Ltd., Class A

     21,800        70,315  

Dongyue Group Ltd.

     5,254,000        3,951,309  

East Group Co. Ltd., Class A

     100,400        84,887  

EEKA Fashion Holdings Ltd.

     2,127,500        4,031,244  

Electric Connector Technology Co. Ltd., Class A

     49,400        240,974  

Estun Automation Co. Ltd., Class A

     35,500        107,488  

Everbright Securities Co. Ltd., Class H(a)

     1,985,600        1,432,438  

Excellence Commercial Property & Facilities Management Group Ltd.

     27,000        6,964  

Fu Shou Yuan International Group Ltd.

     1,538,000        1,072,222  

Fufeng Group Ltd.(b)

     14,076,000        7,925,989  

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

     1,935,200        8,870,660  

G-bits Network Technology Xiamen Co. Ltd., Class A

     281,678      14,135,416  

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

     183,800        754,505  

GF Securities Co. Ltd., Class H

     6,217,000        8,350,880  

Giant Network Group Co. Ltd., Class A

     233,400        414,535  

Goldwind Science & Technology Co. Ltd.

     2,231,800        1,125,610  

Grandblue Environment Co. Ltd., Class A

     61,627        146,164  

Greentown Management Holdings Co. Ltd.(a)

     1,244,000        900,615  

Guangzhou Automobile Group Co. Ltd., Class H

     11,604,000        5,733,956  

Guangzhou Haige Communications Group, Inc. Co., Class A

     425,600        658,342  

Guangzhou Zhujiang Brewery Co. Ltd., Class A

     114,200        136,368  

Guizhou Panjiang Refined Coal Co. Ltd., Class A

     2,197,800        1,861,226  

Haitong Securities Co. Ltd., Class H

     19,707,600        11,826,800  

Henan Mingtai Al Industrial Co. Ltd., Class A

     75,500        135,337  

Hisense Home Appliances Group Co. Ltd., Class H(b)

     1,096,000        2,805,825  

Huagong Tech Co. Ltd., Class A

     63,700        294,380  

Huatai Securities Co. Ltd., Class H(a)

     7,576,200        9,673,577  

Huaxi Securities Co. Ltd., Class A

     246,800        281,835  

IKD Co. Ltd., Class A

     102,700        345,211  

Jiangsu Azure Corp., Class A

     60,400        75,358  

Jiangsu Expressway Co. Ltd., Class H

     8,666,000        7,823,007  

Jiangsu Nhwa Pharmaceutical Co. Ltd., Class A

     547,700        1,992,866  

Jiangsu Provincial Agricultural Reclamation & Development Corp., Class A

     747,280        1,098,496  

Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A

     172,100        216,609  

Jiangxi Jovo Energy Co. Ltd., Class A

     46,200        151,109  

Jingjin Equipment, Inc., Class A

     508,634        1,857,702  

Jiumaojiu International Holdings Ltd.(a)(b)

     378,000        514,499  

Joincare Pharmaceutical Group Industry Co. Ltd., Class A

     273,600        465,279  

Kangji Medical Holdings Ltd.

     1,496,000        1,287,440  

KingClean Electric Co. Ltd., Class A

     82,182        300,720  

Laobaixing Pharmacy Chain JSC, Class A

     55,900        196,109  

Legend Holdings Corp., Class H(a)

     3,663,900        3,298,135  

Lianhe Chemical Technology Co. Ltd., Class A

     191,500        219,473  

Livzon Pharmaceutical Group, Inc., Class A

     1,451,666        7,360,195  

Livzon Pharmaceutical Group, Inc., Class H

     1,061,000        3,474,869  

Luenmei Quantum Co. Ltd., Class A

     913,571        762,380  

Metallurgical Corp. of China Ltd., Class H

     15,416,000        3,247,815  

Minth Group Ltd.

     1,836,000        4,723,712  

Nanjing Iron & Steel Co. Ltd., Class A

     20,593,100        10,458,013  

NetDragon Websoft Holdings Ltd.

     2,504,500        4,630,472  

Ningbo Sanxing Medical Electric Co. Ltd., Class A

     266,900        663,793  

Northeast Securities Co. Ltd., Class A

     238,100        250,004  

Pharmaron Beijing Co. Ltd., Class H(a)

     271,250        645,582  

Poly Property Services Co. Ltd., Class H

     1,200        4,849  

Pop Mart International Group Ltd.(a)

     805,400        2,380,665  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

Qingdao Haier Biomedical Co. Ltd., Class A

     3,609      $ 18,967  

S-Enjoy Service Group Co. Ltd.(b)

     1,179,000        626,243  

SCE Intelligent Commercial Management Holdings Ltd.*

     1,422,000        187,013  

Sealand Securities Co. Ltd., Class A

     484,500        248,044  

Shandong Buchang Pharmaceuticals Co. Ltd., Class A

     157,533        387,468  

Shandong Dongyue Organosilicon Material Co. Ltd., Class A

     187,235        230,518  

Shandong Gold Mining Co. Ltd., Class H(a)

     744,500        1,408,797  

Shandong Himile Mechanical Science & Technology Co. Ltd., Class A

     181,700        877,856  

Shandong Pharmaceutical Glass Co. Ltd., Class A

     52,200        199,536  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H

     1,411,000        3,314,977  

Shanghai Huace Navigation Technology Ltd., Class A

     371,900        1,498,166  

Shanghai Huafon Aluminium Corp., Class A

     58,500        122,849  

Shanghai Pharmaceuticals Holding Co. Ltd., Class H

     2,899,000        4,523,297  

Shanghai Tunnel Engineering Co. Ltd., Class A

     769,100        618,595  

Shanxi Coking Co. Ltd., Class A

     517,300        372,758  

Shanxi Securities Co. Ltd., Class A

     539,400        425,701  

Shenwan Hongyuan Group Co. Ltd., Class H(a)

     13,566,400        2,563,669  

Shenzhen Expressway Corp. Ltd., Class H(b)

     6,130,000        5,009,289  

Shenzhen Hepalink Pharmaceutical Group Co. Ltd., Class A

     55,800        94,203  

Shenzhen Kinwong Electronic Co. Ltd., Class A

     99,700        293,527  

Shenzhen Sunlord Electronics Co. Ltd., Class A

     104,600        412,901  

Shenzhen Yinghe Technology Co. Ltd., Class A

     134,000        427,799  

Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd., Class A

     406,000        286,428  

Shui On Land Ltd.

     46,695,500        4,233,202  

Simcere Pharmaceutical Group Ltd.(a)

     443,000        362,009  

Sinocare, Inc., Class A

     190,900        672,339  

Sinoma International Engineering Co., Class A

     593,500        918,873  

Sinopec Engineering Group Co. Ltd., Class H

     16,510,000        7,441,447  

Sinopharm Group Co. Ltd., Class H

     6,170,400        17,884,418  

Sinotrans Ltd., Class A

     4,439,800        3,028,625  

Sinotrans Ltd., Class H

     23,960,000        8,749,606  

Skyworth Digital Co. Ltd., Class A

     166,800        312,274  

Sonoscape Medical Corp., Class A

     9,700        64,931  

Sun Art Retail Group Ltd.

     4,483,000        950,194  

Suofeiya Home Collection Co. Ltd., Class A

     1,688,900        4,390,456  

SY Holdings Group Ltd.(b)

     1,635,000        1,060,516  

Tangshan Port Group Co. Ltd., Class A

     36,959,210        18,718,661  

Tian Di Science & Technology Co. Ltd., Class A

     1,469,894        1,095,498  

Tian Lun Gas Holdings Ltd.

     294,500        145,899  

Tiangong International Co. Ltd.

     4,034,000      1,313,444  

Tofflon Science & Technology Group Co. Ltd., Class A

     56,200        146,329  

Toly Bread Co. Ltd., Class A

     277,382        319,804  

Tong Ren Tang Technologies Co. Ltd., Class H

     1,155,888        919,474  

TravelSky Technology Ltd., Class H

     597,000        1,035,165  

Wanxiang Qianchao Co. Ltd., Class A

     683,254        487,653  

West China Cement Ltd.

     20,692,000        1,928,684  

Wolong Electric Group Co. Ltd., Class A

     170,400        281,359  

WUS Printed Circuit Kunshan Co. Ltd., Class A

     1,593,871        4,924,412  

Wuxi NCE Power Co. Ltd., Class A

     11,900        55,696  

Xi’an Triangle Defense Co. Ltd., Class A

     23,900        105,136  

Xiamen Xiangyu Co. Ltd., Class A

     4,816,540        4,502,026  

Xiangcai Co. Ltd., Class A

     254,700        273,726  

Xianhe Co. Ltd., Class A

     50,700        127,763  

Xinjiang Zhongtai Chemical Co. Ltd., Class A

     228,700        214,394  

Xinxiang Richful Lube Additive Co. Ltd., Class A

     19,760        121,206  

Xinyi Energy Holdings Ltd.(b)

     13,273,313        2,830,293  

Xuji Electric Co. Ltd., Class A

     59,700        158,883  

Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. Ltd., Class A

     161,200        747,174  

Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. Ltd., Class H(a)

     3,000        4,122  

Yihai International Holding Ltd.

     610,000        1,051,476  

Yonfer Agricultural Technology Co. Ltd., Class A

     166,100        243,254  

Yunnan Copper Co. Ltd., Class A

     1,535,400        2,480,411  

Zhejiang Crystal-Optech Co. Ltd., Class A

     266,900        408,826  

Zhejiang Dingli Machinery Co. Ltd., Class A

     161,800        1,171,458  

Zhejiang Expressway Co. Ltd., Class H(b)

     10,738,000        8,007,038  

Zhejiang JIULI Hi-tech Metals Co. Ltd., Class A

     1,255,990        3,327,126  

Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A

     341,982        475,487  

Zhengzhou Coal Mining Machinery Group Co. Ltd., Class H

     1,781,200        1,737,568  

Zhuzhou Hongda Electronics Corp. Ltd., Class A

     37,400        185,723  
     

 

 

 
Total China

 

     479,187,772  

Czech Republic – 0.3%

 

Moneta Money Bank AS(a)

     2,450,358        8,926,274  

India – 6.3%

 

360 ONE WAM Ltd.

     150,269        908,585  

Alkyl Amines Chemicals

     14,838        410,925  

Allcargo Logistics Ltd.

     101,673        333,946  

Angel One Ltd.

     73,969        1,648,467  

Apollo Tyres Ltd.

     707,745        3,141,935  

Asahi India Glass Ltd.

     112,188        848,558  

BEML Ltd.

     25,015        698,325  

Bharat Heavy Electricals Ltd.

     1,138,329        1,795,747  

Birla Corp. Ltd.

     34,345        508,529  

Brightcom Group Ltd.

     1,008,512        229,535  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

Carborundum Universal Ltd.

     46,341      $ 656,822  

Castrol India Ltd.

     3,830,023        6,390,194  

Century Textiles & Industries Ltd.

     84,000        1,129,947  

CESC Ltd.

     5,956,823        6,452,410  

CIE Automotive India Ltd.

     198,345        1,148,277  

City Union Bank Ltd.

     478,370        729,872  

Coforge Ltd.

     43,087        2,648,508  

Computer Age Management Services Ltd.

     74,971        2,266,566  

Cyient Ltd.

     377,278        7,697,646  

Digidrive Distributors Ltd.*

     25,337        27,384  

Dr. Lal PathLabs Ltd.(a)

     24,657        749,542  

EID Parry India Ltd.

     311,717        1,959,275  

Emami Ltd.

     550,302        3,568,228  

Engineers India Ltd.

     1,960,949        3,481,907  

EPL Ltd.

     280,134        629,820  

Exide Industries Ltd.

     813,097        2,551,660  

Federal Bank Ltd.

     2,415,025        4,280,905  

Finolex Industries Ltd.

     562,115        1,516,280  

Galaxy Surfactants Ltd.

     7,560        231,440  

GHCL Ltd.

     205,520        1,523,434  

Glenmark Pharmaceuticals Ltd.

     133,547        1,375,816  

Godawari Power & Ispat Ltd.

     140,572        1,072,472  

Godrej Agrovet Ltd.(a)

     438,244        2,534,484  

Graphite India Ltd.

     231,398        1,371,118  

Great Eastern Shipping Co. Ltd.

     232,739        2,374,440  

Grindwell Norton Ltd.

     52,034        1,302,491  

Gujarat Alkalies & Chemicals Ltd.

     42,335        373,510  

Happiest Minds Technologies Ltd.

     46,923        494,311  

HEG Ltd.

     74,813        1,552,545  

Hindustan Copper Ltd.

     507,088        991,689  

ICICI Securities Ltd.(a)

     476,727        3,567,361  

IDFC Ltd.

     2,339,800        3,630,524  

Indian Bank

     854,885        4,360,321  

Indian Energy Exchange Ltd.(a)

     597,237        950,789  

IRB Infrastructure Developers Ltd.

     1,786,270        679,736  

Jamna Auto Industries Ltd.

     715,319        1,007,410  

JK Cement Ltd.

     31,547        1,207,859  

JK Lakshmi Cement Ltd.

     63,622        494,511  

Jubilant Ingrevia Ltd.

     113,305        653,636  

Jyothy Labs Ltd.

     473,171        2,054,137  

Kajaria Ceramics Ltd.

     133,598        2,127,014  

Karnataka Bank Ltd.

     891,732        2,673,330  

Karur Vysya Bank Ltd.

     1,185,934        1,910,833  

KPIT Technologies Ltd.

     109,854        1,524,360  

KRBL Ltd.

     97,610        476,700  

KSB Ltd.

     41,540        1,495,523  

Mahanagar Gas Ltd.

     153,600        1,903,046  

Mastek Ltd.

     27,420        792,309  

National Aluminium Co. Ltd.

     7,082,497        8,290,081  

Nava Ltd.

     171,868        935,801  

NBCC India Ltd.

     1,096,887        772,723  

NCC Ltd.

     2,244,718        4,191,212  

Nippon Life India Asset Management Ltd.(a)

     941,413        3,717,868  

NLC India Ltd.

     1,287,307        2,091,997  

NOCIL Ltd.

     298,148      818,064  

Oil India Ltd.

     2,524,497        9,085,195  

Orient Cement Ltd.

     313,560        673,064  

Orient Electric Ltd.

     118,620        316,901  

PCBL Ltd.

     972,294        1,975,821  

Praj Industries Ltd.

     142,594        1,007,278  

Quess Corp. Ltd.(a)

     72,875        366,958  

Ratnamani Metals & Tubes Ltd.

     27,509        861,548  

Redington Ltd.

     3,873,341        7,220,426  

Saregama India Ltd.

     128,176        559,450  

Sharda Cropchem Ltd.

     59,105        298,973  

SKF India Ltd.

     19,839        1,221,189  

Sonata Software Ltd.

     289,507        3,687,812  

Sun TV Network Ltd.

     378,242        2,788,263  

Suven Pharmaceuticals Ltd.*

     94,418        638,256  

Symphony Ltd.

     67,087        710,890  

Tanla Platforms Ltd.

     62,939        786,422  

Torrent Power Ltd.

     494,365        4,396,472  

Transport Corp. of India Ltd.

     44,794        422,769  

Triveni Engineering & Industries Ltd.

     120,005        548,714  

TTK Prestige Ltd.

     91,263        860,743  

Usha Martin Ltd.

     491,483        2,034,794  

UTI Asset Management Co. Ltd.

     239,151        2,266,630  

V-Guard Industries Ltd.

     100,365        371,408  

Vaibhav Global Ltd.

     76,310        404,656  

Vardhman Textiles Ltd.

     1,075,050        4,830,791  

Vinati Organics Ltd.

     31,768        706,372  

Whirlpool of India Ltd.

     52,672        1,030,748  

Zensar Technologies Ltd.

     309,261        1,926,893  
     

 

 

 
Total India

 

     177,934,126  

Indonesia – 2.3%

 

Ace Hardware Indonesia Tbk PT

     10,288,000        499,256  

AKR Corporindo Tbk PT

     35,794,925        3,578,335  

Astra Agro Lestari Tbk PT

     2,451,100        1,189,469  

Bank BTPN Syariah Tbk PT

     5,645,200        695,833  

Bank Danamon Indonesia Tbk PT

     23,100        4,275  

Bank Tabungan Negara Persero Tbk PT

     12,990,300        1,025,439  

Bukit Asam Tbk PT

     62,799,700        11,377,493  

Ciputra Development Tbk PT

     21,760,300        1,436,138  

Cisarua Mountain Dairy Tbk PT

     4,943,800        1,269,938  

Dharma Satya Nusantara Tbk PT

     21,729,300        857,643  

Erajaya Swasembada Tbk PT

     42,546,000        1,244,309  

Harum Energy Tbk PT

     3,284,300        400,576  

Indika Energy Tbk PT

     8,755,600        1,246,349  

Indo Tambangraya Megah Tbk PT

     5,365,600        10,059,415  

Indocement Tunggal Prakarsa Tbk PT

     8,911,800        5,737,458  

Industri Jamu Dan Farmasi Sido Muncul Tbk PT

     19,446,370        742,372  

Japfa Comfeed Indonesia Tbk PT

     21,476,400        1,785,647  

Matahari Department Store Tbk PT

     10,979,200        1,704,955  

Mayora Indah Tbk PT

     4,483,900        739,822  

Medco Energi Internasional Tbk PT

     15,636,400        1,628,897  

Medikaloka Hermina Tbk PT

     6,872,300        582,511  

Mitra Keluarga Karyasehat Tbk PT

     4,469,400        780,808  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

Pabrik Kertas Tjiwi Kimia Tbk PT

     818,000      $ 506,784  

Pakuwon Jati Tbk PT

     27,719,000        785,566  

Perusahaan Gas Negara Tbk PT

     92,966,100        8,271,005  

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     21,209,100        1,392,898  

Puradelta Lestari Tbk PT

     1,179,300        13,353  

Sawit Sumbermas Sarana Tbk PT

     27,589,600        2,115,411  

Summarecon Agung Tbk PT

     14,281,100        531,325  

Surya Esa Perkasa Tbk PT

     9,557,200        491,619  

Timah Tbk PT

     17,327,300        885,705  

Triputra Agro Persada Tbk PT

     15,643,800        582,024  

XL Axiata Tbk PT

     7,864,100        1,211,036  
     

 

 

 
Total Indonesia

 

     65,373,664  

Malaysia – 2.9%

 

Alliance Bank Malaysia Bhd

     8,817,800        6,347,727  

Astro Malaysia Holdings Bhd

     142,800        13,990  

Bermaz Auto Bhd

     9,367,000        4,967,537  

British American Tobacco Malaysia Bhd

     6,900        13,638  

Bursa Malaysia Bhd

     52,850        75,866  

Carlsberg Brewery Malaysia Bhd, Class B

     644,800        2,746,606  

CTOS Digital Bhd

     2,366,600        705,658  

Dialog Group Bhd

     7,700,500        3,476,931  

Fraser & Neave Holdings Bhd

     2,700        14,549  

Frontken Corp. Bhd

     1,751,400        1,174,998  

Gamuda Bhd

     10,420,799        9,832,094  

Heineken Malaysia Bhd

     946,100        4,900,517  

Hibiscus Petroleum Bhd

     5,033,400        1,211,382  

IJM Corp. Bhd

     80,400        31,850  

Inari Amertron Bhd

     9,090,375        5,614,629  

Malaysia Building Society Bhd

     104,628        16,267  

Malaysian Pacific Industries Bhd

     600        3,509  

My EG Services Bhd

     8,476,643        1,435,266  

QL Resources Bhd

     2,061,600        2,397,388  

Scientex Bhd

     17,700        13,986  

SP Setia Bhd Group

     4,130,600        906,132  

Supermax Corp. Bhd

     6,137,026        1,084,869  

Ta Ann Holdings Bhd

     3,910,301        2,806,605  

TIME dotCom Bhd

     9,398,600        10,849,350  

TSH Resources Bhd

     4,413,800        930,656  

Unisem M Bhd

     1,628,400        1,130,629  

United Plantations Bhd

     1,829,500        6,483,761  

ViTrox Corp. Bhd

     1,200        1,902  

VS Industry Bhd

     49,650        10,786  

Westports Holdings Bhd

     5,651,100        3,887,557  

Yinson Holdings Bhd

     2,241,200        1,183,787  

YTL Corp. Bhd

     22,117,000        7,159,968  
     

 

 

 
Total Malaysia

 

     81,430,390  

Mexico – 4.4%

 

Alpek SAB de CV(b)

     4,099,847        3,529,287  

Banco del Bajio SA(a)

     7,971,035        25,139,824  

Bolsa Mexicana de Valores SAB de CV(b)

     3,817,314        7,184,990  

Corp. Inmobiliaria Vesta SAB de CV(b)

     2,735,217        9,048,400  

El Puerto de Liverpool SAB de CV, Class C1(b)

     734,208        3,865,276  

GCC SAB de CV(b)

     2,715      25,610  

Genomma Lab Internacional SAB de CV, Class B(b)

     3,815,353        2,944,091  

Gentera SAB de CV(b)

     2,661,332        3,133,231  

Grupo Aeroportuario del Centro Norte SAB de CV

     1,551,355        16,884,270  

Grupo Comercial Chedraui SA de CV(b)

     3,120        18,372  

Kimberly-Clark de Mexico SAB de CV, Class A

     7,438,960        14,853,521  

Megacable Holdings SAB de CV, Series CPO(b)

     1,621,261        3,578,650  

Promotora y Operadora de Infraestructura SAB de CV

     941,246        8,436,740  

Qualitas Controladora SAB de CV(b)

     1,516,974        11,430,661  

Regional SAB de CV(b)

     1,135,732        8,180,198  

TF Administradora Industrial S de Real de CV

     3,202,454        5,694,152  
     

 

 

 
Total Mexico

 

     123,947,273  

Philippines – 0.6%

 

Alliance Global Group, Inc.

     7,830,200        1,705,106  

Century Pacific Food, Inc.

     20,400        10,096  

DMCI Holdings, Inc.

     27,817,900        5,123,418  

GT Capital Holdings, Inc.

     192,650        1,940,938  

Megaworld Corp.

     144,000        5,141  

Metro Pacific Investments Corp.

     9,001,400        778,390  

Nickel Asia Corp.

     18,088,600        1,956,700  

Puregold Price Club, Inc.

     3,136,500        1,602,179  

Robinsons Land Corp.

     56,326        15,113  

Security Bank Corp.

     8,160        11,531  

Semirara Mining & Power Corp.

     6,408,100        3,952,960  

Wilcon Depot, Inc.

     10,500        4,083  
     

 

 

 
Total Philippines

 

     17,105,655  

Poland – 0.5%

 

Asseco Poland SA

     331,056        5,437,902  

CD Projekt SA(b)

     46,676        1,338,778  

Orange Polska SA

     2,340,528        4,005,394  

Warsaw Stock Exchange(b)

     327,769        2,806,842  
     

 

 

 
Total Poland

 

     13,588,916  

Saudi Arabia – 2.1%

 

Al Hammadi Holding

     208,161        2,891,703  

Al Moammar Information Systems Co.

     24,855        939,738  

Aldrees Petroleum & Transport Services Co.

     72,564        2,716,470  

AlKhorayef Water & Power Technologies Co.

     11,330        429,582  

Almunajem Foods Co.

     73,197        1,370,083  

Alujain Corp.*

     63,602        747,022  

Arabian Cement Co.

     300,777        2,658,550  

Arabian Centres Co. Ltd.

     1,017,554        5,399,172  

Arabian Contracting Services Co.

     34,988        1,929,240  

Arriyadh Development Co.

     264,933        1,497,575  

Astra Industrial Group

     126,520        2,968,646  

Ataa Educational Co.

     23,972        460,207  

BinDawood Holding Co.

     310,450        509,905  

City Cement Co.

     270,638        1,339,317  

Leejam Sports Co. JSC

     102,919        3,902,220  

Maharah Human Resources Co.

     98,799        1,746,557  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust



Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

Middle East Paper Co.

     96,973      $ 840,332  

Najran Cement Co.

     93,208        304,194  

National Co. for Learning & Education

     18,414        471,342  

National Gas & Industrialization Co.

     87,226        1,467,547  

National Medical Care Co.

     25,030        820,885  

Northern Region Cement Co.

     290,213        852,737  

Qassim Cement Co.

     119,532        2,042,955  

Saudi Automotive Services Co.

     94,467        1,637,232  

Saudi Cement Co.

     425,207        5,918,171  

Saudi Ceramic Co.

     101,383        767,715  

Saudi Chemical Co. Holding

     629,682        768,959  

Saudi Industrial Services Co.

     92,251        643,220  

Southern Province Cement Co.

     207,781        2,443,211  

Theeb Rent A Car Co.

     38,068        636,421  

United Electronics Co.

     154,340        3,107,006  

United International Transportation Co.

     93,814        1,723,469  

Yanbu Cement Co.

     311,351        2,822,577  
     

 

 

 
Total Saudi Arabia

 

     58,773,960  

South Africa – 8.0%

 

AECI Ltd.

     750,559        4,501,904  

African Rainbow Minerals Ltd.

     1,047,142        9,454,037  

Afrimat Ltd.

     324,263        907,931  

Astral Foods Ltd.(b)

     315,529        2,294,525  

AVI Ltd.

     2,733,560        10,830,118  

Barloworld Ltd.

     792,225        3,651,752  

Dis-Chem Pharmacies Ltd.(a)

     718,333        904,427  

DRDGOLD Ltd.

     25,002        20,782  

Equites Property Fund Ltd.

     6,695,177        4,474,255  

Foschini Group Ltd.(b)

     1,205,152        6,325,970  

Growthpoint Properties Ltd.

     45,077,173        25,243,064  

Hyprop Investments Ltd.

     3,833,524        6,501,326  

Investec Ltd.

     1,688,008        9,759,219  

JSE Ltd.

     399,009        1,954,444  

KAP Ltd.*

     15,227,751        1,939,903  

Life Healthcare Group Holdings Ltd.

     3,149,924        3,387,446  

Momentum Metropolitan Holdings

     7,265,965        7,621,021  

Motus Holdings Ltd.

     1,446,691        7,219,863  

Mr Price Group Ltd.(b)

     1,016,431        7,496,687  

Netcare Ltd.

     5,005,395        3,586,783  

Old Mutual Ltd.

     31,359,311        20,074,593  

Omnia Holdings Ltd.

     271,819        812,886  

OUTsurance Group Ltd.(b)

     1,824,931        4,142,067  

Pick n Pay Stores Ltd.(b)

     1,147,773        2,254,191  

PSG Financial Services Ltd.

     3,544,354        2,464,571  

Redefine Properties Ltd.

     64,649,992        12,182,313  

Resilient REIT Ltd.(b)

     2,770,911        5,752,324  

Reunert Ltd.

     863,561        2,757,616  

Santam Ltd.(b)

     335,933        5,384,015  

Super Group Ltd.

     777,670        1,365,506  

Thungela Resources Ltd.(b)

     2,487,624        22,929,388  

Tiger Brands Ltd.(b)

     684,074        5,571,895  

Truworths International Ltd.(b)

     5,290,950        21,484,637  
     

 

 

 
Total South Africa

 

     225,251,459  

South Korea – 10.3%

 

Aekyung Chemical Co. Ltd.

     130,897      1,272,691  

AfreecaTV Co. Ltd.

     57        3,552  

Ahnlab, Inc.

     81        3,854  

AJ Networks Co. Ltd.

     202,137        629,899  

APTC Co. Ltd.*

     193,708        2,338,449  

Asia Paper Manufacturing Co. Ltd.

     19,863        565,243  

BGF Retail Co. Ltd.

     117        12,225  

BH Co. Ltd.

     390        6,026  

BNK Financial Group, Inc.

     2,479,086        12,584,659  

Caregen Co. Ltd.(b)

     71,980        2,059,010  

Cheil Worldwide, Inc.

     462,452        6,871,323  

Chong Kun Dang Pharmaceutical Corp.

     9,055        629,435  

CJ Corp.

     47,283        3,146,594  

Com2uS Corp.

     15,219        504,142  

COWELL FASHION Co. Ltd.

     37,588        199,444  

CS Wind Corp.

     29,522        1,192,344  

Cuckoo Homesys Co. Ltd.

     19,592        301,996  

Daeduck Electronics Co. Ltd.

     654        12,698  

Daesang Corp.

     90,705        1,256,319  

Daishin Securities Co. Ltd.

     185,669        2,003,365  

DB HiTek Co. Ltd.

     17,482        632,223  

DGB Financial Group, Inc.

     1,411,900        8,234,514  

DL E&C Co. Ltd.

     112,587        2,598,996  

DL Holdings Co. Ltd.

     41,860        1,318,401  

DN Automotive Corp.

     240        14,229  

DongKook Pharmaceutical Co. Ltd.

     162        1,789  

Dongkuk Holdings Co. Ltd.

     48,163        380,122  

Dongsuh Cos., Inc.

     74,803        932,404  

Dongsung Finetec Co. Ltd.

     693        6,265  

Dongwon Systems Corp.

     8,255        183,526  

Doosan Bobcat, Inc.

     197,695        7,471,799  

DoubleUGames Co. Ltd.

     54        1,601  

Dreamtech Co. Ltd.

     198,192        2,067,988  

E-MART, Inc.

     50,438        2,631,418  

Echo Marketing, Inc.

     585        4,695  

Eo Technics Co. Ltd.(b)

     29,284        3,040,380  

Fila Holdings Corp.

     161,635        4,324,161  

GOLFZON Co. Ltd.

     87        6,060  

Green Cross Corp.

     11,612        935,397  

Green Cross Holdings Corp.

     5,064        52,314  

GS Engineering & Construction Corp.

     449,653        4,675,138  

GS Holdings Corp.

     508,800        15,044,553  

GS Retail Co. Ltd.

     214,442        3,758,377  

HAESUNG DS Co. Ltd.

     207        8,621  

Hana Materials, Inc.

     117        4,309  

Handsome Co. Ltd.

     168        2,318  

Hanjin Transportation Co. Ltd.

     174        2,637  

Hankook & Co. Co. Ltd.

     132,849        1,090,831  

Hanmi Science Co. Ltd.

     32,742        799,503  

Hanmi Semiconductor Co. Ltd.

     84,698        3,307,829  

Hansae Co. Ltd.

     108,792        1,588,263  

Hansol Chemical Co. Ltd.

     13,488        1,677,254  

Hansol Paper Co. Ltd.

     711        5,506  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

Hanwha Aerospace Co. Ltd.

     34,926      $ 2,707,321  

Hanwha Corp.

     62,404        1,107,585  

Hanwha Systems Co. Ltd.

     132,716        1,206,777  

Harim Holdings Co. Ltd.

     189,226        987,217  

HD Hyundai Construction Equipment Co. Ltd.

     48,919        2,646,426  

HDC Holdings Co. Ltd.

     43,344        203,004  

Hite Jinro Co. Ltd.

     107,176        1,500,337  

HK inno N Corp.

     30,998        967,108  

HL Holdings Corp.

     25,974        677,549  

HL Mando Co. Ltd.

     79,270        2,467,274  

Hotel Shilla Co. Ltd.

     22,768        1,429,116  

Hyosung Advanced Materials Corp.

     8,068        2,346,739  

Hyosung Corp.

     74,471        3,416,152  

Hyundai Autoever Corp.

     7,413        1,025,097  

Hyundai Department Store Co. Ltd.

     36,887        1,738,560  

Hyundai Elevator Co. Ltd.(b)

     155,167        5,036,546  

Hyundai GF Holdings

     136,020        346,249  

Hyundai Marine & Fire Insurance Co. Ltd.

     388,366        9,339,319  

Hyundai Steel Co.

     261,241        7,366,400  

Hyundai Wia Corp.

     150        7,081  

iMarketKorea, Inc.

     25,604        168,113  

Innocean Worldwide, Inc.

     237        7,728  

JB Financial Group Co. Ltd.

     1,388,405        10,247,898  

Jusung Engineering Co. Ltd.

     80,923        1,613,183  

JYP Entertainment Corp.

     42,660        3,550,258  

K Car Co. Ltd.(b)

     96,699        774,653  

KCC Glass Corp.

     29,153        884,701  

KEPCO Engineering & Construction Co., Inc.

     9,481        451,777  

KEPCO Plant Service & Engineering Co. Ltd.

     675        16,407  

KG Dongbusteel

     36,777        215,309  

Kginicis Co. Ltd.

     67,608        537,096  

KIWOOM Securities Co. Ltd.

     63,750        4,459,760  

Koentec Co. Ltd.

     1,695        8,931  

Koh Young Technology, Inc.

     495        4,541  

Kolmar BNH Co. Ltd.

     50,151        616,574  

Kolmar Korea Co. Ltd.

     30,612        1,159,236  

Kolon Global Corp.

     51,327        438,566  

Kolon Industries, Inc.

     48,877        1,657,124  

Korea Aerospace Industries Ltd.

     570        20,614  

Korean Reinsurance Co.

     670,383        4,093,639  

KT Skylife Co. Ltd.

     95,256        422,842  

Kukdo Chemical Co. Ltd.

     35,608        1,372,177  

Kumho Petrochemical Co. Ltd.

     121,585        12,082,813  

LEENO Industrial, Inc.

     123        14,019  

LF Corp.

     71,146        752,901  

LG HelloVision Co. Ltd.

     171,052        479,159  

LIG Nex1 Co. Ltd.

     231        15,047  

Lotte Chilsung Beverage Co. Ltd.

     57        5,293  

Lotte Data Communication Co.

     16,699        306,903  

LOTTE Fine Chemical Co. Ltd.

     65,384        2,834,566  

Lotte Rental Co. Ltd.

     42,451        846,252  

Lotte Shopping Co. Ltd.

     40,799        2,161,797  

LS Corp.

     65,395        4,923,768  

LS Electric Co. Ltd.

     5,877        406,782  

LX International Corp.

     192,848      4,080,191  

LX Semicon Co. Ltd.(b)

     71,632        4,400,691  

Mcnex Co. Ltd.

     30,983        603,863  

MegaStudyEdu Co. Ltd.

     153        5,749  

Meritz Financial Group, Inc.

     178,512        7,302,403  

Mirae Asset Securities Co. Ltd.

     1,358,567        6,493,817  

Nasmedia Co. Ltd.

     35,692        491,446  

NICE Holdings Co. Ltd.

     366        3,526  

NICE Information Service Co. Ltd.

     67,711        495,765  

NongShim Co. Ltd.

     1,520        532,800  

OCI Holdings Co. Ltd.

     27,667        1,999,061  

Orion Holdings Corp.

     35,510        402,099  

Pan Ocean Co. Ltd.

     499,179        1,834,836  

Partron Co. Ltd.

     174,349        1,018,134  

PI Advanced Materials Co. Ltd.

     57,096        1,150,890  

Poongsan Corp.

     75,492        1,890,936  

Posco DX Co. Ltd.(b)

     116,577        4,682,432  

Posco International Corp.(b)

     136,902        7,243,814  

PSK, Inc.(b)

     92,373        1,319,125  

S-1 Corp.

     78,518        3,293,404  

Samjin Pharmaceutical Co. Ltd.

     471        7,731  

SAMPYO Cement Co. Ltd.

     356,617        864,190  

Samyang Foods Co. Ltd.

     13,507        2,021,946  

SD Biosensor, Inc.

     210,415        1,772,950  

SeAH Besteel Holdings Corp.

     140,822        2,567,231  

SeAH Steel Corp.

     6,108        626,009  

Seegene, Inc.(b)

     140,477        2,222,606  

Seoul Semiconductor Co. Ltd.

     312,246        2,436,602  

SFA Engineering Corp.(b)

     77,308        1,816,114  

SGC Energy Co. Ltd.

     183        3,485  

Shinsegae International, Inc.(b)

     33,223        461,143  

Shinsegae, Inc.

     10,214        1,438,922  

SIMMTECH Co. Ltd.

     246        6,991  

SK Chemicals Co. Ltd.

     48,779        2,280,980  

SK Discovery Co. Ltd.

     124,664        3,773,918  

SK Networks Co. Ltd.

     2,433        10,998  

SKC Co. Ltd.

     28,958        1,628,807  

SL Corp.

     363        8,770  

SNT Motiv Co. Ltd.

     222        7,173  

Soulbrain Co. Ltd.

     5,855        995,793  

SSANGYONG C&E Co. Ltd.

     730,839        2,973,400  

ST Pharm Co. Ltd.

     8,830        499,935  

TES Co. Ltd.

     438        6,557  

TKG Huchems Co. Ltd.

     681        10,649  

Tokai Carbon Korea Co. Ltd.

     11,553        810,782  

Unid Co. Ltd.

     86        3,926  

Vieworks Co. Ltd.

     11,284        259,647  

Wemade Co. Ltd.(b)

     6,816        186,387  

Youlchon Chemical Co. Ltd.

     327        6,725  

Youngone Corp.

     49,005        1,755,885  

Youngone Holdings Co. Ltd.

     20,807        1,241,265  
     

 

 

 
Total South Korea

 

     288,421,472  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

Taiwan – 31.2%

 

AcBel Polytech, Inc.

     15,991      $ 21,648  

Acer, Inc.

     21,296,000        23,947,733  

Alltek Technology Corp.(b)

     1,822,240        1,961,644  

AP Memory Technology Corp.

     569,000        6,751,042  

Arcadyan Technology Corp.

     1,144,681        5,726,862  

Asia Optical Co., Inc.

     1,237,000        2,414,182  

Asia Vital Components Co. Ltd.

     661,018        6,982,765  

Bank of Kaohsiung Co. Ltd.*

     1,841,010        684,380  

BenQ Materials Corp.

     1,200,000        1,295,519  

BES Engineering Corp.

     10,885,000        3,658,625  

Capital Securities Corp.

     13,197,340        5,968,965  

Chang Wah Electromaterials, Inc.

     2,592,000        2,493,196  

Charoen Pokphand Enterprise

     9,100        26,527  

Chenbro Micom Co. Ltd.

     60,000        404,269  

Cheng Loong Corp.

     4,962,000        4,403,937  

Cheng Uei Precision Industry Co. Ltd.

     12,000        15,204  

Chicony Electronics Co. Ltd.

     5,437,652        19,455,981  

Chicony Power Technology Co. Ltd.

     2,133,625        7,568,038  

Chin-Poon Industrial Co. Ltd.

     2,493,000        3,031,250  

China Bills Finance Corp.

     30,000        13,336  

China Chemical & Pharmaceutical Co. Ltd.

     399,000        284,289  

China General Plastics Corp.

     3,331,000        2,569,412  

China Steel Chemical Corp.

     519,726        1,819,335  

China Steel Structure Co. Ltd.

     3,000        5,028  

ChipMOS Technologies, Inc.

     4,132,000        4,787,311  

Chong Hong Construction Co. Ltd.

     1,379,000        3,165,499  

Chroma ATE, Inc.

     1,675,132        14,322,468  

Chun Yuan Steel Industry Co. Ltd.

     2,609,000        1,369,946  

Chung Hung Steel Corp.

     6,345,000        4,432,390  

Chung Hwa Pulp Corp.

     1,069,000        748,421  

Chung-Hsin Electric & Machinery Manufacturing Corp.

     1,976,000        6,580,443  

Cleanaway Co. Ltd.

     3,161        17,283  

Compeq Manufacturing Co. Ltd.

     4,885,000        8,020,477  

Continental Holdings Corp.

     2,723,000        2,260,696  

CTCI Corp.(b)

     2,898,190        3,541,878  

DA CIN Construction Co. Ltd.

     15,000        15,427  

Darfon Electronics Corp.

     1,103,000        1,474,403  

Daxin Materials Corp.

     41,000        135,902  

Depo Auto Parts Ind Co. Ltd.

     210,000        871,734  

Edom Technology Co. Ltd.

     2,720,000        1,938,012  

Elan Microelectronics Corp.(b)

     1,702,409        7,040,523  

Elite Material Co. Ltd.

     1,385,163        18,365,569  

Elite Semiconductor Microelectronics Technology, Inc.

     2,118,000        5,084,958  

Ennoconn Corp.(b)

     573,243        4,670,402  

Ennostar, Inc.*

     2,436,000        3,312,848  

Eternal Materials Co. Ltd.

     5,236,319        4,598,741  

Evergreen International Storage & Transport Corp.

     555,000        490,861  

Everlight Chemical Industrial Corp.

     1,389,000        832,613  

Everlight Electronics Co. Ltd.

     2,969,165        4,313,869  

Far Eastern Department Stores Ltd.

     3,364,841        2,460,007  

Far Eastern International Bank

     16,171,017      5,836,104  

Faraday Technology Corp.

     288,000        2,730,069  

Farglory F T Z Investment Holding Co. Ltd.

     3,300        5,142  

Farglory Land Development Co. Ltd.

     2,446,640        4,380,843  

Feng Hsin Steel Co. Ltd.

     1,624,950        3,382,743  

FLEXium Interconnect, Inc.

     1,689,028        4,604,466  

Flytech Technology Co. Ltd.

     6,000        12,193  

Formosa Advanced Technologies Co. Ltd.

     1,532,000        1,829,544  

Formosa International Hotels Corp.

     412,000        2,731,308  

Formosan Union Chemical

     2,898,000        1,898,753  

Fortune Electric Co. Ltd.

     245,000        2,056,815  

Foxsemicon Integrated Technology, Inc.

     743,197        4,270,784  

Froch Enterprise Co. Ltd.(b)

     1,182,000        666,421  

Fu Hua Innovation Co. Ltd.

     22,476        19,739  

Fusheng Precision Co. Ltd.

     507,000        3,196,187  

Gemtek Technology Corp.

     2,853,000        3,221,507  

Genius Electronic Optical Co. Ltd.

     31,280        356,594  

Getac Holdings Corp.

     2,370,292        5,698,011  

Giant Manufacturing Co. Ltd.

     1,049,051        5,800,889  

Gigabyte Technology Co. Ltd.(b)

     4,256,000        37,114,171  

Global Brands Manufacture Ltd.

     1,747,400        3,356,169  

Global Mixed Mode Technology, Inc.

     989,000        7,996,438  

Global PMX Co. Ltd.

     172,000        724,648  

Global Unichip Corp.

     62,000        2,621,707  

Gold Circuit Electronics Ltd.

     523,700        3,561,040  

Goldsun Building Materials Co. Ltd.

     7,814,000        6,063,744  

Grape King Bio Ltd.

     460,988        2,227,789  

Great Wall Enterprise Co. Ltd.

     3,019,259        5,032,020  

Greatek Electronics, Inc.

     3,406,000        5,845,399  

Highwealth Construction Corp.

     10,237,316        12,511,024  

Hiwin Technologies Corp.

     737,000        4,646,133  

Ho Tung Chemical Corp.

     30,000        7,760  

Holtek Semiconductor, Inc.

     1,563,773        2,998,638  

Holy Stone Enterprise Co. Ltd.

     977,900        2,965,766  

Hota Industrial Manufacturing Co. Ltd.

     3,146        6,228  

Hsin Kuang Steel Co. Ltd.

     1,860,000        2,693,732  

Huaku Development Co. Ltd.

     1,793,296        4,988,708  

Huang Hsiang Construction Corp.

     9,000        10,901  

Hung Sheng Construction Ltd.

     1,796,000        1,059,891  

Inventec Corp.(b)

     12,991,000        19,719,614  

ITE Technology, Inc.

     1,202,000        5,846,068  

ITEQ Corp.(b)

     1,373,000        3,879,048  

Jentech Precision Industrial Co. Ltd.

     122,094        2,356,363  

Kenda Rubber Industrial Co. Ltd.

     1,673,715        1,526,956  

Kerry TJ Logistics Co. Ltd.

     6,000        6,868  

Kindom Development Co. Ltd.

     4,086,200        4,196,265  

King Slide Works Co. Ltd.

     106,004        2,719,020  

King Yuan Electronics Co. Ltd.

     11,994,000        28,238,224  

King’s Town Bank Co. Ltd.(b)

     4,072,000        4,679,952  

Kinik Co.

     53,495        256,036  

Kinpo Electronics(b)

     1,886,000        899,751  

Kinsus Interconnect Technology Corp.

     421,000        1,415,049  

KMC Kuei Meng International, Inc.

     356,000        1,422,655  

KS Terminals, Inc.(b)

     199,000        445,092  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

Kung Long Batteries Industrial Co. Ltd.

     3,000      $ 12,221  

L&K Engineering Co. Ltd.

     1,548,000        5,634,671  

Lealea Enterprise Co. Ltd.*(b)

     4,289,080        1,395,125  

Lelon Electronics Corp.

     1,103,000        2,005,734  

Lian Hwa Food Corp.

     578,802        1,581,461  

Lien Hwa Industrial Holdings Corp.

     3,103,517        5,999,271  

Longchen Paper & Packaging Co. Ltd.(b)

     3,764,627        1,714,348  

Lotes Co. Ltd.

     248,390        6,332,770  

Lotus Pharmaceutical Co. Ltd.

     560,000        4,137,482  

Macronix International Co. Ltd.

     12,367,000        12,125,449  

Makalot Industrial Co. Ltd.

     688,881        7,170,398  

Marketech International Corp.

     204,000        872,105  

Merida Industry Co. Ltd.

     597,043        3,236,707  

Mirle Automation Corp.

     1,153,560        1,361,523  

Namchow Holdings Co. Ltd.

     669,000        1,024,831  

Nichidenbo Corp.

     1,732,000        3,192,454  

Nien Made Enterprise Co. Ltd.

     834,000        8,009,170  

Nuvoton Technology Corp.

     1,276,872        4,944,440  

O-Bank Co. Ltd.(b)

     4,544,000        1,338,686  

Oriental Union Chemical Corp.

     2,323,000        1,374,492  

Pan Jit International, Inc.

     1,253,000        2,484,224  

Pan-International Industrial Corp.

     1,021,000        1,171,855  

Pou Chen Corp.

     10,331,000        9,169,101  

Powertech Technology, Inc.(b)

     6,609,000        20,780,766  

President Securities Corp.

     5,284,520        3,069,492  

Primax Electronics Ltd.

     2,305,000        4,941,249  

Promate Electronic Co. Ltd.

     1,817,000        2,659,601  

Qisda Corp.

     10,253,000        14,181,827  

Raydium Semiconductor Corp.

     548,000        6,026,549  

Ruentex Industries Ltd.(b)

     4,784,000        8,714,214  

Run Long Construction Co. Ltd.

     479,000        1,363,675  

San Fu Chemical Co. Ltd.(b)

     451,000        1,886,123  

Sanyang Motor Co. Ltd.(b)

     2,287,000        5,504,868  

ScinoPharm Taiwan Ltd.(b)

     776,000        661,080  

SDI Corp.

     3,000        9,898  

Sercomm Corp.

     6,488        24,722  

Sesoda Corp.

     803,000        773,634  

Sheng Yu Steel Co. Ltd.

     2,212,000        1,651,437  

Shin Zu Shing Co. Ltd.

     6,000        14,907  

Shinkong Insurance Co. Ltd.

     1,209,000        2,262,158  

Shiny Chemical Industrial Co. Ltd.

     3,637        14,703  

Sigurd Microelectronics Corp.(b)

     2,920,000        5,192,237  

Sinbon Electronics Co. Ltd.(b)

     484,120        4,851,623  

Sincere Navigation Corp.(b)

     1,052,000        773,997  

Sinon Corp.

     18,000        20,381  

Sitronix Technology Corp.

     579,000        4,995,322  

Sonix Technology Co. Ltd.

     1,378,000        1,989,275  

Standard Chemical & Pharmaceutical Co. Ltd.

     135,000        276,436  

Standard Foods Corp.

     9,896        11,542  

Stark Technology, Inc.

     6,000        21,375  

Sunny Friend Environmental Technology Co. Ltd.(b)

     833,961        2,932,252  

Sunonwealth Electric Machine Industry Co. Ltd.

     265,000      956,382  

Sunrex Technology Corp.

     3,000        4,391  

Supreme Electronics Co. Ltd.

     3,903,868        6,663,562  

Synnex Technology International Corp.(b)

     8,019,600        15,924,672  

Systex Corp.

     6,000        19,702  

T3EX Global Holdings Corp.(b)

     834,000        1,989,374  

TA Chen Stainless Pipe(b)

     5,810,800        6,633,354  

Ta Ya Electric Wire & Cable

     1,022,597        1,218,037  

Taichung Commercial Bank Co. Ltd.

     8,184,180        3,714,262  

Taiflex Scientific Co. Ltd.

     9,000        11,891  

Tainan Spinning Co. Ltd.

     4,207,000        1,915,797  

Taisun Enterprise Co. Ltd.

     9,000        6,231  

Taita Chemical Co. Ltd.(b)

     1,688,900        931,287  

Taiwan Business Bank

     37,588        15,370  

Taiwan Cogeneration Corp.

     782,223        1,001,996  

Taiwan Fertilizer Co. Ltd.

     2,758,000        5,032,332  

Taiwan Hon Chuan Enterprise Co. Ltd.

     640,692        2,093,927  

Taiwan Navigation Co. Ltd.(b)

     1,130,000        1,027,416  

Taiwan Paiho Ltd.

     1,191,000        1,999,727  

Taiwan PCB Techvest Co. Ltd.

     2,004,302        2,809,581  

Taiwan Sakura Corp.

     6,000        11,877  

Taiwan Secom Co. Ltd.

     1,109,000        3,658,819  

Taiwan Surface Mounting Technology Corp.

     790,000        2,251,514  

Taiwan-Asia Semiconductor Corp.

     1,987,000        2,920,746  

Teco Electric & Machinery Co. Ltd.

     5,644,000        9,091,805  

Test Research, Inc.

     6,115        11,518  

Thinking Electronic Industrial Co. Ltd.

     3,000        13,569  

Ton Yi Industrial Corp.

     4,580,000        2,341,042  

Tong Hsing Electronic Industries Ltd.

     1,222,214        5,641,483  

Tong Yang Industry Co. Ltd.

     482,685        1,170,807  

Topco Scientific Co. Ltd.(b)

     1,069,776        5,617,231  

Transcend Information, Inc.(b)

     1,919,479        4,316,977  

Tripod Technology Corp.

     2,315,928        13,810,695  

TSRC Corp.

     3,976,000        2,912,978  

Ttet Union Corp.

     157,000        688,202  

Tung Ho Steel Enterprise Corp.

     3,673,722        6,908,038  

TXC Corp.

     2,297,549        6,889,693  

U-Ming Marine Transport Corp.(b)

     2,232,420        3,309,159  

Union Bank of Taiwan

     2,955,050        1,217,520  

United Integrated Services Co. Ltd.(b)

     1,347,000        9,493,115  

Universal Cement Corp.

     2,911,790        2,349,782  

USI Corp.

     5,755,000        3,699,331  

Visual Photonics Epitaxy Co. Ltd.

     830,750        3,808,832  

Wah Lee Industrial Corp.

     1,141,580        3,292,424  

Walsin Technology Corp.(b)

     714,000        2,267,158  

Weikeng Industrial Co. Ltd.

     5,108,431        4,343,998  

Weltrend Semiconductor

     926,000        1,936,308  

Winbond Electronics Corp.(b)

     9,640,000        7,555,397  

Wistron Corp.(b)

     16,637,000        52,311,938  

Wistron NeWeb Corp.

     78,722        336,539  

WPG Holdings Ltd.

     7,654,058        14,368,920  

WT Microelectronics Co. Ltd.

     2,312,678        7,988,216  

YC INOX Co. Ltd.

     9,793        8,282  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

September 30, 2023

 

 

 

Investments    Shares      Value  

YFY, Inc.(b)

     5,430,000      $ 5,475,333  

Yieh Phui Enterprise Co. Ltd.

     3,016,000        1,424,823  

Yulon Motor Co. Ltd.

     1,748,496        4,495,753  
     

 

 

 
Total Taiwan

 

     876,895,801  

Thailand – 5.0%

 

Amata Corp. PCL, NVDR

     6,208,900        4,160,581  

Asian Sea Corp. PCL, NVDR

     1,481,800        295,037  

Asphere Innovations PCL, NVDR

     10,200        2,451  

Bangchak Corp. PCL, NVDR

     6,057,100        6,820,216  

Bangkok Chain Hospital PCL, NVDR

     15,271,500        8,262,233  

Banpu PCL, NVDR

     23,321,600        5,123,867  

Banpu Power PCL, NVDR

     5,380,000        2,024,195  

BCPG PCL, NVDR

     13,716,212        3,616,221  

Chularat Hospital PCL, NVDR

     67,892,000        6,078,350  

Com7 PCL, NVDR

     15,000        12,873  

Dynasty Ceramic PCL, NVDR

     52,004,600        2,427,952  

Eastern Polymer Group PCL, NVDR

     7,516,300        1,362,378  

Gunkul Engineering PCL, NVDR

     256,500        21,978  

Ichitan Group PCL, NVDR

     23,700        10,935  

IRPC PCL, NVDR

     66,085,100        3,738,697  

Jaymart Group Holdings PCL, NVDR

     2,330,200        1,459,075  

KCE Electronics PCL, NVDR(b)

     3,292,100        4,995,222  

Kiatnakin Phatra Bank PCL, NVDR

     24,600        37,326  

Mega Lifesciences PCL, NVDR

     3,039,000        3,713,986  

MK Restaurants Group PCL, NVDR

     1,008,800        1,253,641  

Northeast Rubber PCL, NVDR

     14,329,975        1,786,697  

Origin Property PCL, NVDR

     9,468,100        2,587,232  

Polyplex Thailand PCL, NVDR

     3,523,713        1,238,682  

Precious Shipping PCL, NVDR

     8,368,300        2,229,248  

Prima Marine PCL, NVDR

     17,122,500        3,221,123  

PTG Energy PCL, NVDR

     4,427,600        1,136,919  

Quality Houses PCL, NVDR

     375,600        23,106  

Rajthanee Hospital PCL, NVDR

     2,190,000        1,684,037  

Ratch Group PCL, NVDR

     4,874,500        4,216,869  

Regional Container Lines PCL, NVDR

     2,965,500        1,775,432  

Sansiri PCL, NVDR

     63,224,800        2,934,429  

Sino-Thai Engineering & Construction PCL, NVDR

     3,544,200        914,946  

Somboon Advance Technology PCL, NVDR

     4,499,700        2,249,078  

Star Petroleum Refining PCL, NVDR

     3,459,700        864,628  

Supalai PCL, NVDR

     12,280,300        6,778,827  

Synnex Thailand PCL, NVDR(b)

     2,276,700        769,060  

Thai Oil PCL, NVDR

     2,069,900        2,870,716  

Thai Union Group PCL, NVDR

     13,223,000        5,265,596  

Thai Vegetable Oil PCL, NVDR

     4,507,570        2,698,662  

Thaifoods Group PCL, NVDR

     10,496,900        1,078,157  

Thanachart Capital PCL, NVDR

     7,164,700        9,838,242  

Tisco Financial Group PCL, NVDR

     4,922,400        13,349,454  

TQM Alpha PCL, NVDR

     1,902,700        1,750,510  

TTW PCL, NVDR

     23,216,600        5,770,278  

WHA Corp. PCL, NVDR

     54,699,000        7,886,571  

Workpoint Entertainment PCL, NVDR

     7,500        2,966  
     

 

 

 
Total Thailand

 

     140,338,679  

Turkey – 2.5%

 

Aksa Akrilik Kimya Sanayii AS

     9,516      35,648  

Aksa Enerji Uretim AS

     589,614        884,797  

Alarko Holding AS

     255,932        1,155,731  

Alkim Alkali Kimya AS

     572,732        982,304  

Anadolu Efes Biracilik Ve Malt Sanayii AS

     932,609        3,595,724  

Arcelik AS(b)

     200,580        1,192,578  

Aygaz AS

     497,394        2,933,744  

Brisa Bridgestone Sabanci Sanayi ve Ticaret AS

     284,725        943,544  

Coca-Cola Icecek AS

     2,580        37,145  

Dogus Otomotiv Servis ve Ticaret AS

     52,237        509,699  

EGE Endustri VE Ticaret AS

     51        14,139  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     10,133,340        2,986,591  

Enerjisa Enerji AS(a)

     21,126        39,878  

Haci Omer Sabanci Holding AS

     5,200,140        11,324,033  

Is Yatirim Menkul Degerler AS

     813,498        1,205,929  

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D(b)

     5,033,073        5,423,198  

Kartonsan Karton Sanayi ve Ticaret AS

     143,295        493,418  

Koza Altin Isletmeleri AS

     3,458,847        3,631,064  

Nuh Cimento Sanayi AS

     313,817        4,097,993  

Otokar Otomotiv Ve Savunma Sanayi AS*

     2,236        29,762  

Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS

     1,372,711        2,001,860  

Selcuk Ecza Deposu Ticaret ve Sanayi AS

     699,129        1,688,212  

Tekfen Holding AS

     615,015        1,202,437  

Tofas Turk Otomobil Fabrikasi AS

     876,440        9,446,946  

Turk Traktor ve Ziraat Makineleri AS

     140,382        4,511,273  

Turkcell Iletisim Hizmetleri AS*

     2,559,882        4,976,900  

Turkiye Sise ve Cam Fabrikalari AS

     0        1  

Vestel Beyaz Esya Sanayi ve Ticaret AS

     3,893,827        2,391,831  

Yapi ve Kredi Bankasi AS

     2,947,215        1,984,519  
     

 

 

 
Total Turkey

 

     69,720,898  

TOTAL COMMON STOCKS

(Cost: $2,471,664,110)

 

 

     2,807,967,877  

WARRANTS – 0.0%

 

Thailand – 0.0%

 

Kiatnakin Phatra Bank PCL, expiring 3/17/24*

 

(Cost: $0)      2,050        33  

EXCHANGE-TRADED FUND – 0.1%

 

United States – 0.1%

 

WisdomTree Emerging Markets High Dividend Fund(c)

     
(Cost: $2,156,532)      55,985        2,098,318  

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.3%

 

United States – 1.3%

 

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

     
(Cost: $37,066,141)      37,066,141        37,066,141  

TOTAL INVESTMENTS IN SECURITIES – 101.2%

(Cost: $2,510,886,783)

 

 

     2,847,132,369  

Other Assets less Liabilities – (1.2)%

 

     (34,207,382
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,812,924,987  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

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 $27,384, which represents less than 0.01% of net assets.

 

 

Share amount represents a fractional share.

 

(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 $183,706,823 and the total market value of the collateral held by the Fund was $198,491,709. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $161,425,568.

 

(c) 

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

 

(d) 

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

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2023 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2023
    Dividend
Income
 

WisdomTree Emerging Markets High Dividend Fund

  $ 3,102,173     $ 46,923,705     $ 46,965,053     $ (462,401   $ (500,106   $ 2,098,318     $ 1,152,928  

 

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):

 

FAIR VALUATION SUMMARY  
     

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

           

India

   $ 177,906,742      $      $ 27,384 *     $ 177,934,126  

Other

     2,630,033,751                      2,630,033,751  

Warrants

     33                      33  

Exchange-Traded Fund

     2,098,318                      2,098,318  
Investment of Cash Collateral for Securities Loaned             37,066,141               37,066,141  

Total Investments in Securities

   $ 2,810,038,844      $ 37,066,141      $ 27,384      $ 2,847,132,369  

 

* 

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

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


 

Schedule of Investments (unaudited)

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

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

Australia – 2.7%

 

Altium Ltd.

     8,986      $ 250,599  

Aristocrat Leisure Ltd.

     59,422        1,566,636  

Beach Energy Ltd.

     176,510        186,828  

Cochlear Ltd.

     6,071        1,000,401  

CSL Ltd.

     33,507        5,423,654  

Goodman Group

     216,509        2,997,313  

IDP Education Ltd.(a)

     16,382        226,049  

Northern Star Resources Ltd.

     164,922        1,113,369  

Pro Medicus Ltd.(a)

     2,393        128,791  

REA Group Ltd.(a)

     11,185        1,114,005  

Technology One Ltd.

     16,328        163,446  

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

     55,193        1,160,907  

WiseTech Global Ltd.

     3,521        147,823  
     

 

 

 
Total Australia

 

     15,479,821  
Austria – 0.2%

 

Verbund AG

     11,483        936,745  
Belgium – 0.6%

 

Etablissements Franz Colruyt NV

     36,096        1,565,354  

UCB SA

     18,949        1,555,627  
     

 

 

 
Total Belgium

 

     3,120,981  
Brazil – 2.7%

 

Atacadao SA

     71,551        127,228  

BB Seguridade Participacoes SA

     482,061        3,005,899  

Energisa SA

     145,779        1,361,617  

Engie Brasil Energia SA

     149,130        1,234,407  

Equatorial Energia SA

     183,382        1,174,624  

Localiza Rent a Car SA

     120,371        1,408,320  

Lojas Renner SA

     196,981        527,361  

Porto Seguro SA

     115,713        607,787  

Raia Drogasil SA

     117,474        648,252  

Sendas Distribuidora SA

     52,284        127,023  

TOTVS SA

     29,087        156,907  

Transmissora Alianca de Energia Eletrica SA

     257,758        1,779,772  

Vamos Locacao de Caminhoes Maquinas e Equipamentos SA

     33,952        66,138  

Vibra Energia SA

     391,413        1,479,568  

WEG SA

     200,308        1,451,525  
     

 

 

 
Total Brazil

 

     15,156,428  
Canada – 4.3%

 

Alimentation Couche-Tard, Inc.

     44,502        2,270,524  

Canadian National Railway Co.

     76,554        8,328,645  

Canadian Pacific Kansas City Ltd.(a)

     41,994        3,135,883  

Constellation Software, Inc.(a)

     545        1,130,339  

Dollarama, Inc.

     3,898        269,804  

Enerplus Corp.(a)

     11,303        199,809  

FirstService Corp.(a)

     1,493        218,163  

Magna International, Inc.(a)

     62,875        3,385,112  

RB Global, Inc.(a)

     10,935        687,805  

Rogers Communications, Inc., Class B(a)

     82,508        3,182,539  

SNC-Lavalin Group, Inc.(a)

     4,029        135,025  

Tourmaline Oil Corp.(a)

     21,562        1,090,061  

Vermilion Energy, Inc.(a)

     9,663        142,015  
     

 

 

 
Total Canada

 

     24,175,724  
China – 5.5%

 

ANTA Sports Products Ltd.

     182,000      2,048,469  

Blue Moon Group Holdings Ltd.(b)

     404,000        134,119  

China Conch Venture Holdings Ltd.

     918,500        783,414  

China Feihe Ltd.(b)

     1,832,000        1,080,695  

Country Garden Services Holdings Co. Ltd.(a)

     586,000        604,567  

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

     231,600        1,061,619  

Kingsoft Corp. Ltd.

     62,600        227,001  

Li Ning Co. Ltd.

     225,400        948,298  

Nongfu Spring Co. Ltd., Class H(b)

     199,700        1,147,430  

Pop Mart International Group Ltd.(b)

     110,000        325,147  

Prosus NV*

     63,770        1,885,060  

Simcere Pharmaceutical Group Ltd.(b)

     113,000        92,341  

Smoore International Holdings Ltd.(a)(b)

     578,000        524,727  

Sunny Optical Technology Group Co. Ltd.

     95,800        669,096  

Tencent Holdings Ltd.

     403,700        15,783,364  

WuXi AppTec Co. Ltd., Class H(a)(b)

     37,140        444,579  

Yadea Group Holdings Ltd.(b)

     296,000        549,530  

Yihai International Holding Ltd.

     113,000        194,782  

Yum China Holdings, Inc.

     43,950        2,479,249  

Zhongsheng Group Holdings Ltd.

     165,800        466,798  
     

 

 

 
Total China

 

     31,450,285  
Denmark – 5.7%

 

Chr Hansen Holding AS

     12,827        787,482  

Coloplast AS, Class B

     25,874        2,746,394  

Novo Nordisk AS, Class B

     285,074        26,061,897  

Pandora AS

     22,230        2,309,102  

Royal Unibrew AS

     7,302        565,855  
     

 

 

 
Total Denmark

 

     32,470,730  
Finland – 1.0%

 

Kone Oyj, Class B

     109,743        4,638,321  

Valmet Oyj(a)

     54,308        1,245,420  
     

 

 

 
Total Finland

 

     5,883,741  
France – 8.3%

 

Bollore SE(a)

     214,854        1,157,856  

Gaztransport & Technigaz SA

     5,861        722,921  

Hermes International SCA

     3,692        6,761,624  

Kering SA

     18,741        8,569,775  

LVMH Moet Hennessy Louis Vuitton SE

     34,838        26,424,223  

Sartorius Stedim Biotech

     1,855        443,860  

Teleperformance SE

     4,173        527,529  

Verallia SA(b)

     30,026        1,185,132  

Vivendi SE

     195,728        1,719,156  
     

 

 

 
Total France

 

     47,512,076  
Germany – 4.9%

 

adidas AG

     32,678        5,764,691  

AIXTRON SE

     6,627        244,309  

Fielmann Group AG

     22,590        977,733  

Nemetschek SE

     5,016        307,383  

Puma SE

     14,507        903,126  

Rheinmetall AG

     5,542        1,431,106  

SAP SE

     138,619        18,025,416  

VERBIO Vereinigte BioEnergie AG

     1,023        41,277  
     

 

 

 
Total Germany

 

     27,695,041  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Schedule of Investments (unaudited) (continued)

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

September 30, 2023

 

 

 

Investments    Shares      Value  
Hong Kong – 1.7%

 

Hong Kong Exchanges & Clearing Ltd.

     200,700      $ 7,498,206  

Techtronic Industries Co. Ltd.

     251,500        2,440,547  
     

 

 

 
Total Hong Kong               9,938,753  
India – 8.6%      

Aarti Industries Ltd.

     10,398        61,531  

ACC Ltd.

     20,954        507,756  

Adani Ports & Special Economic Zone Ltd.

     47,117        468,184  

Alkem Laboratories Ltd.

     3,255        141,342  

APL Apollo Tubes Ltd.

     4,610        90,211  

Asian Paints Ltd.

     27,168        1,034,178  

Astral Ltd.

     2,379        54,789  

Atul Ltd.

     480        40,725  

Bajaj Auto Ltd.

     28,183        1,718,547  

Balkrishna Industries Ltd.

     7,247        223,219  

Berger Paints India Ltd.

     13,653        93,526  

Berger Paints India Ltd.*

     2,731        18,705  

Bharat Petroleum Corp. Ltd.

     527,669        2,202,400  

Coforge Ltd.

     3,724        228,910  

Colgate-Palmolive India Ltd.

     34,842        841,478  

CRISIL Ltd.

     2,873        135,765  

Crompton Greaves Consumer Electricals Ltd.

     43,274        161,467  

Dabur India Ltd.

     74,094        492,168  

Deepak Nitrite Ltd.

     2,337        59,675  

Divi’s Laboratories Ltd.

     10,502        476,168  

Dr. Lal PathLabs Ltd.(b)

     2,070        62,925  

Eicher Motors Ltd.

     8,147        338,173  

Endurance Technologies Ltd.(b)

     2,858        54,779  

GlaxoSmithKline Pharmaceuticals Ltd.

     6,477        120,759  

Grindwell Norton Ltd.

     2,587        64,757  

Gujarat Gas Ltd.

     8,276        42,147  

Havells India Ltd.

     14,679        245,521  

HDFC Asset Management Co. Ltd.(b)

     18,400        586,613  

Hero MotoCorp Ltd.

     49,963        1,839,440  

Hindustan Unilever Ltd.

     122,989        3,651,699  

Indraprastha Gas Ltd.

     57,669        315,876  

Indus Towers Ltd.*

     467,863        1,080,058  

Info Edge India Ltd.

     2,750        137,938  

Infosys Ltd.

     755,284        13,055,830  

Ipca Laboratories Ltd.

     4,273        48,145  

JK Cement Ltd.

     2,075        79,447  

JSW Steel Ltd.

     264,172        2,480,075  

Jubilant Foodworks Ltd.

     10,804        69,359  

Kajaria Ceramics Ltd.

     8,421        134,071  

Kansai Nerolac Paints Ltd.

     12,246        46,814  

KPIT Technologies Ltd.

     5,944        82,480  

L&T Technology Services Ltd.(b)

     2,877        158,536  

Laurus Labs Ltd.(b)

     13,124        62,490  

LTIMindtree Ltd.(b)

     4,955        310,867  

Marico Ltd.

     100,621        680,551  

Mphasis Ltd.

     18,286        523,336  

Navin Fluorine International Ltd.

     840        38,102  

Nestle India Ltd.

     3,926        1,064,075  

Nippon Life India Asset Management Ltd.(b)

     74,093        292,611  

Oracle Financial Services Software Ltd.

     14,049        695,478  

Page Industries Ltd.

     397        186,347  

Persistent Systems Ltd.

     3,911        273,008  

PI Industries Ltd.

     1,495      62,165  

Pidilite Industries Ltd.

     10,014        294,181  

Polycab India Ltd.

     2,395        154,099  

Prestige Estates Projects Ltd.

     8,776        63,684  

Ramco Cements Ltd.

     6,585        72,177  

Relaxo Footwears Ltd.

     3,878        42,060  

SBI Cards & Payment Services Ltd.

     10,165        96,838  

Shree Cement Ltd.

     470        144,128  

Siemens Ltd.

     2,374        104,990  

SKF India Ltd.

     1,692        104,151  

Sun TV Network Ltd.

     27,613        203,553  

Sundram Fasteners Ltd.

     7,725        117,231  

Supreme Industries Ltd.

     8,416        417,703  

Tata Consultancy Services Ltd.

     140,238        5,959,012  

Tata Elxsi Ltd.

     1,535        133,592  

Tech Mahindra Ltd.

     89,164        1,312,959  

Titan Co. Ltd.

     12,108        459,117  

Torrent Pharmaceuticals Ltd.

     8,924        207,310  

Trident Ltd.

     137,811        62,482  

Tube Investments of India Ltd.

     1,404        50,524  

TVS Motor Co. Ltd.

     7,925        145,232  

UltraTech Cement Ltd.

     7,273        722,984  

Varun Beverages Ltd.

     9,156        104,271  

Voltas Ltd.

     16,100        167,376  

Whirlpool of India Ltd.

     2,364        46,262  
     

 

 

 
Total India

 

     49,121,132  
Indonesia – 0.1%

 

Indofood CBP Sukses Makmur Tbk PT

     543,300        389,327  

Mayora Indah Tbk PT

     356,100        58,755  

Sumber Alfaria Trijaya Tbk PT

     1,518,200        290,771  
     

 

 

 
Total Indonesia

 

     738,853  
Israel – 0.1%

 

Strauss Group Ltd.*

     19,134        402,432  
Italy – 1.6%

 

Amplifon SpA

     12,474        371,377  

Banca Generali SpA

     45,717        1,621,980  

Banca Mediolanum SpA

     279,091        2,394,041  

De’ Longhi SpA

     45,597        995,447  

Ferrari NV

     7,708        2,282,588  

Moncler SpA

     20,423        1,190,987  

Reply SpA

     1,162        109,555  
     

 

 

 
Total Italy

 

     8,965,975  
Japan – 3.0%

 

Asahi Intecc Co. Ltd.(a)

     11,000        198,144  

Astellas Pharma, Inc.

     285,100        3,962,455  

BayCurrent Consulting, Inc.

     6,400        214,356  

Benefit One, Inc.

     16,900        122,482  

Capcom Co. Ltd.

     19,900        718,120  

CyberAgent, Inc.(a)

     35,100        189,654  

Daifuku Co. Ltd.

     34,000        644,684  

Daito Trust Construction Co. Ltd.

     14,800        1,562,071  

Fancl Corp.

     11,300        172,955  

Goldwin, Inc.(a)

     2,800        190,263  

Hoya Corp.

     16,100        1,653,426  

Information Services International-Dentsu Ltd.

     4,300        164,825  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

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

September 30, 2023

 

 

 

Investments

   Shares      Value  

Kakaku.com, Inc.(a)

     19,500      $ 198,234  

Kobe Bussan Co. Ltd.(a)

     10,900        256,092  

Koei Tecmo Holdings Co. Ltd.

     41,000        583,987  

M3, Inc.

     15,400        280,291  

MonotaRO Co. Ltd.(a)

     17,900        191,985  

Nexon Co. Ltd.

     18,300        327,861  

Nihon M&A Center Holdings, Inc.

     22,400        108,003  

Nomura Research Institute Ltd.

     39,700        1,035,698  

Obic Co. Ltd.

     4,900        744,892  

Open House Group Co. Ltd.

     18,700        635,844  

Persol Holdings Co. Ltd.

     202,000        329,481  

Recruit Holdings Co. Ltd.

     48,600        1,501,072  

Relo Group, Inc.

     13,000        140,999  

TechnoPro Holdings, Inc.

     14,300        311,730  

Workman Co. Ltd.(a)

     6,400        194,927  

ZOZO, Inc.(a)

     34,552        635,007  
     

 

 

 
Total Japan

 

     17,269,538  
Malaysia – 0.3%

 

CELCOMDIGI Bhd

     1,417,800        1,319,586  

MR DIY Group M Bhd(b)

     332,800        107,029  

Nestle Malaysia Bhd

     13,000        350,248  
     

 

 

 
Total Malaysia

 

     1,776,863  
Mexico – 0.3%

 

Kimberly-Clark de Mexico SAB de CV, Class A

     877,317        1,751,756  
Netherlands – 5.9%

 

ASM International NV

     2,535        1,066,863  

ASML Holding NV

     25,199        14,916,476  

BE Semiconductor Industries NV(a)

     32,197        3,170,237  

Koninklijke KPN NV

     1,189,938        3,929,463  

SBM Offshore NV

     78,907        1,038,437  

Universal Music Group NV(a)

     248,350        6,502,520  

Wolters Kluwer NV

     24,274        2,946,516  
     

 

 

 
Total Netherlands

 

     33,570,512  
Norway – 0.4%

 

Salmar ASA

     40,128        2,049,231  

TOMRA Systems ASA

     15,860        182,062  
     

 

 

 
Total Norway

 

     2,231,293  
Russia – 0.0%

 

Evraz PLC*

     243,480        0  

LUKOIL PJSC*

     68,533        0  

LUKOIL PJSC, ADR*

     2,107        0  

Magnitogorsk Iron & Steel Works PJSC, GDR*(c)

     54,588        0  

MMC Norilsk Nickel PJSC*

     16,209        0  

MMC Norilsk Nickel PJSC, ADR*

     12        0  

Novatek PJSC*

     97,470        0  

PhosAgro PJSC*

     8,504        0  

PhosAgro PJSC, GDR*(c)

     166        0  
     

 

 

 
Total Russia

 

     0  
Saudi Arabia – 0.1%

 

Bupa Arabia for Cooperative Insurance Co.

     6,703        371,748  

Mouwasat Medical Services Co.

     11,890        326,540  
     

 

 

 
Total Saudi Arabia

 

     698,288  
Singapore – 0.5%

 

Singapore Technologies Engineering Ltd.

     900,200      2,578,784  
South Africa – 0.4%

 

Mr Price Group Ltd.(a)

     121,869        898,845  

Naspers Ltd., Class N

     6,462        1,037,777  

OUTsurance Group Ltd.(a)

     206,423        468,521  
     

 

 

 
Total South Africa

 

     2,405,143  
South Korea – 0.1%

 

Celltrion, Inc.

     4,839        499,177  
Spain – 0.2%

 

CIE Automotive SA

     21,145        574,010  

Viscofan SA(a)

     8,532        522,122  
     

 

 

 
Total Spain

 

     1,096,132  
Sweden – 4.0%

 

Alfa Laval AB

     49,835        1,723,826  

Atlas Copco AB, Class A

     339,145        4,596,666  

Atlas Copco AB, Class B

     174,795        2,062,620  

Beijer Ref AB(a)

     16,062        170,759  

Essity AB, Class B

     111,034        2,410,939  

Evolution AB(b)

     20,872        2,125,585  

Husqvarna AB, Class B(a)

     122,120        941,287  

Investment AB Latour, Class B(a)

     62,360        1,106,376  

Nibe Industrier AB, Class B

     51,170        338,175  

Nordnet AB publ

     64,335        855,100  

Sandvik AB

     203,979        3,785,108  

Telefonaktiebolaget LM Ericsson, Class B(a)

     562,880        2,763,056  
     

 

 

 
Total Sweden

 

     22,879,497  
Switzerland – 10.2%

 

ABB Ltd., Registered Shares

     360,016        12,908,313  

Givaudan SA, Registered Shares

     1,192        3,901,233  

Logitech International SA, Registered Shares

     19,319        1,336,365  

Lonza Group AG, Registered Shares

     2,411        1,121,689  

Nestle SA, Registered Shares

     193,819        21,979,430  

Partners Group Holding AG

     6,026        6,814,492  

Schindler Holding AG, Participation Certificate

     4,276        855,387  

Schindler Holding AG, Registered Shares

     11,638        2,249,233  

Sika AG, Registered Shares

     11,926        3,038,862  

Sonova Holding AG, Registered Shares

     6,958        1,655,834  

Stadler Rail AG(a)

     19,090        746,238  

Straumann Holding AG, Registered Shares

     5,787        741,404  

Temenos AG, Registered Shares

     6,034        424,913  
     

 

 

 
Total Switzerland

 

     57,773,393  
Taiwan – 9.2%

 

Accton Technology Corp.

     121,000        1,847,958  

Global Unichip Corp.

     8,000        338,285  

Lotes Co. Ltd.

     15,337        391,021  

momo.com, Inc.

     21,032        327,073  

Nan Ya Printed Circuit Board Corp.

     122,000        1,007,202  

Taiwan Cement Corp.

     1,739,000        1,791,228  

Taiwan Semiconductor Manufacturing Co. Ltd.

     2,788,000        45,170,428  

Voltronic Power Technology Corp.

     11,000        540,109  

Wiwynn Corp.

     26,000        1,204,133  
     

 

 

 
Total Taiwan

 

     52,617,437  

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Schedule of Investments (unaudited) (continued)

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

September 30, 2023

 

 

 

Investments

   Shares      Value  
Thailand – 0.3%

 

Carabao Group PCL, NVDR

     112,400      $ 253,122  

CP ALL PCL, NVDR

     702,000        1,166,385  

CP Axtra PCL, NVDR

     221,400        196,091  

Delta Electronics Thailand PCL, NVDR

     107,900        245,210  

Energy Absolute PCL, NVDR

     65,300        91,460  
     

 

 

 
Total Thailand

 

     1,952,268  
Turkey – 0.8%

 

Aksa Enerji Uretim AS

     32,947        49,441  

Arcelik AS

     60,259        358,279  

Aselsan Elektronik Sanayi Ve Ticaret AS

     81,424        121,178  

BIM Birlesik Magazalar AS

     116,617        1,168,510  

Ford Otomotiv Sanayi AS

     35,203        1,085,046  

Iskenderun Demir ve Celik AS*

     185,343        281,378  

Tofas Turk Otomobil Fabrikasi AS

     87,434        942,431  

Turkcell Iletisim Hizmetleri AS*

     280,419        545,188  
     

 

 

 
Total Turkey

 

     4,551,451  
United Kingdom – 11.4%

 

Airtel Africa PLC(b)

     721,478        1,106,033  

Ashtead Group PLC

     42,160        2,573,948  

Auto Trader Group PLC(b)

     79,094        596,220  

Compass Group PLC

     128,583        3,138,839  

Diageo PLC

     265,537        9,833,227  

Drax Group PLC

     85,370        457,222  

Games Workshop Group PLC

     9,101        1,174,139  

Hargreaves Lansdown PLC

     121,705        1,148,565  

Imperial Brands PLC

     395,019        8,037,279  

Intertek Group PLC

     26,360        1,322,982  

RELX PLC

     258,909        8,769,313  

Rightmove PLC

     82,831        568,381  

Rotork PLC

     140,732        536,954  

Sage Group PLC

     141,052        1,702,672  

Spectris PLC

     15,736        651,871  

Unilever PLC

     472,210        23,411,571  
     

 

 

 
Total United Kingdom

 

     65,029,216  
United States – 4.4%

 

GSK PLC

     1,364,326        24,845,196  

TOTAL COMMON STOCKS

(Cost: $553,187,219)

 

 

     566,574,661  
RIGHTS – 0.0%

 

Brazil – 0.0%

 

Localiza Rent a Car SA, expiring 11/10/23*

 

  
(Cost: $0)      882        2,819  
WARRANTS – 0.0%

 

Canada – 0.0%

 

Constellation Software, Inc., expiring 3/31/40*(a)

     
(Cost: $0)      545      0  
EXCHANGE-TRADED FUNDS – 0.1%

 

United States – 0.1%

 

WisdomTree Emerging Markets High Dividend Fund(a)(d)

     4,470        167,536  

WisdomTree International Equity Fund(d)

     5,333        257,850  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $431,548)

 

 

     425,386  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.3%

 

United States – 3.3%

 

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

 

  
(Cost: $18,741,527)      18,741,527        18,741,527  

TOTAL INVESTMENTS IN SECURITIES – 102.9%

(Cost: $572,360,294)

 

 

     585,744,393  

Other Assets less Liabilities – (2.9)%

        (16,503,458
     

 

 

 
NET ASSETS – 100.0%             $ 569,240,935  
* 

Non-income producing security.

 

 

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

 

(a) 

Security, or portion thereof, was on loan at 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 $28,142,142 and the total market value of the collateral held by the Fund was $29,646,028. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $10,904,501.

 

(b) 

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

 

(c) 

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

 

(d) 

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

 

(e) 

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

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2023 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2023
    Dividend
Income
 

WisdomTree Emerging Markets High Dividend Fund

  $ 1,023,167     $ 1,477,794     $ 2,306,726     $ 107,508     $ (134,207   $ 167,536     $ 51,360  

WisdomTree International Equity Fund

    1,549,089       2,241,251       3,464,866       214,501       (282,125     257,850       53,244  

Total

  $ 2,572,256     $ 3,719,045     $ 5,771,592     $ 322,009     $ (416,332   $ 425,386     $ 104,604  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Schedule of Investments (unaudited) (concluded)

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

September 30, 2023

 


FINANCIAL DERIVATIVE INSTRUMENTS
 
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to be
Purchased
    Amount and
Description of
Currency to be
Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Deutsche Bank AG

    10/2/2023       115,784       USD       95,000       GBP     $     $ (168

 

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

           

Russia

   $      $      $ 0 *     $ 0  

Other

     566,574,661                      566,574,661  

Rights

     2,819                      2,819  

Warrants

                   0 *       0  

Exchange-Traded Funds

     425,386                      425,386  

Investment of Cash Collateral for Securities Loaned

            18,741,527               18,741,527  

Total Investments in Securities

   $ 567,002,866      $ 18,741,527      $ 0      $ 585,744,393  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (168    $      $ (168

Total – Net

   $ 567,002,866      $ 18,741,359      $ 0      $ 585,744,225  
* 

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

 

1 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Schedule of Investments (unaudited)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%

 

Australia – 4.4%

 

Ampol Ltd.

     2,334      $ 50,915  

ANZ Group Holdings Ltd.

     17,502        289,850  

APA Group

     7,644        40,948  

BHP Group Ltd.

     58,345        1,666,272  

Commonwealth Bank of Australia

     6,925        446,805  

Dexus(a)

     11,258        53,041  

Incitec Pivot Ltd.

     15,209        30,822  

JB Hi-Fi Ltd.(a)

     999        29,285  

Metcash Ltd.

     16,251        39,646  

Mirvac Group(a)

     31,914        43,872  

National Australia Bank Ltd.(a)

     15,316        287,355  

New Hope Corp. Ltd.

     6,299        25,815  

Rio Tinto Ltd.(a)

     3,168        232,167  

Rio Tinto PLC

     8,333        526,239  

South32 Ltd.

     44,527        97,421  

Stockland

     4,096        10,363  

Suncorp Group Ltd.

     4,935        44,495  

Telstra Group Ltd.

     67,175        166,916  

Viva Energy Group Ltd.(b)

     21,136        40,924  

Wesfarmers Ltd.

     3,443        117,461  

Westpac Banking Corp.

     13,090        178,681  

Whitehaven Coal Ltd.

     4,865        22,325  

Woodside Energy Group Ltd.(a)

     12,671        298,410  
     

 

 

 
Total Australia

 

     4,740,028  
Austria – 0.2%

 

BAWAG Group AG*(b)

     701        32,255  

Erste Group Bank AG

     1,545        53,686  

OMV AG

     1,173        56,284  

Voestalpine AG

     1,148        31,407  
     

 

 

 
Total Austria

 

     173,632  
Belgium – 0.3%

 

Aedifica SA

     666        37,971  

Ageas SA

     1,165        48,141  

Cofinimmo SA

     598        41,090  

Etablissements Franz Colruyt NV

     366        15,872  

KBC Group NV

     2,233        139,818  

Proximus SADP

     3,071        25,030  

Solvay SA

     352        39,076  
     

 

 

 
Total Belgium

 

     346,998  
Brazil – 1.5%

 

B3 SA – Brasil Bolsa Balcao

     25,092        61,612  

Banco do Brasil SA

     21,742        204,944  

BB Seguridade Participacoes SA

     9,292        57,940  

Energisa SA

     4,142        38,688  

Engie Brasil Energia SA

     3,586        29,683  

JBS SA

     6,681        24,093  

Klabin SA

     7,322        34,831  

Neoenergia SA

     3,072        11,299  

Petroleo Brasileiro SA

     64,870        491,074  

Telefonica Brasil SA

     3,538        30,523  

TIM SA

     4,833      14,378  

Transmissora Alianca de Energia Eletrica SA

     4,802        33,157  

Vale SA

     39,867        538,283  
     

 

 

 
Total Brazil

 

     1,570,505  
Canada – 4.0%

 

Algonquin Power & Utilities Corp.(a)

     2,351        13,981  

AltaGas Ltd.(a)

     1,470        28,324  

Atco Ltd., Class I(a)

     1,761        44,807  

Bank of Montreal

     3,476        294,586  

Bank of Nova Scotia(a)

     7,562        340,514  

BCE, Inc.(a)

     3,688        141,437  

Canadian Imperial Bank of Commerce

     5,597        217,049  

Canadian Natural Resources Ltd.

     4,833        314,002  

Canadian Tire Corp. Ltd., Class A(a)

     206        22,253  

Canadian Utilities Ltd., Class A

     2,226        47,253  

Capital Power Corp.(a)

     1,250        35,059  

Choice Properties Real Estate Investment Trust

     2,766        25,942  

Emera, Inc.(a)

     1,750        61,379  

Enbridge, Inc.(a)

     8,695        289,726  

Fortis, Inc.(a)

     2,492        95,090  

Great-West Lifeco, Inc.(a)

     3,574        102,726  

Manulife Financial Corp.(a)

     9,774        179,431  

National Bank of Canada(a)

     1,883        125,668  

Paramount Resources Ltd., Class A

     885        21,110  

Parkland Corp.

     892        26,212  

Pembina Pipeline Corp.(a)

     3,985        120,375  

Power Corp. of Canada(a)

     2,624        67,114  

Restaurant Brands International, Inc.(a)

     1,699        113,665  

Royal Bank of Canada(a)

     6,038        530,111  

Sun Life Financial, Inc.

     2,148        105,287  

Suncor Energy, Inc.(a)

     6,146        212,337  

TC Energy Corp.(a)

     4,138        142,963  

TELUS Corp.

     5,311        87,129  

Toronto-Dominion Bank(a)

     7,600        459,991  

Whitecap Resources, Inc.(a)

     4,368        37,057  
     

 

 

 
Total Canada

 

     4,302,578  
Chile – 0.1%

 

Banco de Chile

     466,271        47,230  

Banco Santander Chile

     527,246        24,286  

Cencosud SA

     17,255        32,546  

Empresas Copec SA

     5,606        39,534  
     

 

 

 
Total Chile

 

     143,596  
China – 3.5%

 

Agricultural Bank of China Ltd., Class H

     290,074        108,150  

Anhui Conch Cement Co. Ltd., Class H

     12,000        31,946  

Bank of China Ltd., Class H

     1,137,000        397,783  

Bank of Communications Co. Ltd., Class H

     311,000        188,224  

BOC Hong Kong Holdings Ltd.

     46,000        125,985  

China CITIC Bank Corp. Ltd., Class H

     154,000        71,574  

China Construction Bank Corp., Class H

     1,358,536        766,706  

China Feihe Ltd.(b)

     24,000        14,157  

China Life Insurance Co. Ltd., Class H

     82,000        127,735  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2023

 

 

 

Investments    Shares      Value  

China Medical System Holdings Ltd.

     17,000      $ 25,744  

China Pacific Insurance Group Co. Ltd., Class H

     31,000        77,581  

China Petroleum & Chemical Corp., Class H

     318,000        173,783  

China Railway Group Ltd., Class H

     39,000        20,118  

China Shenhua Energy Co. Ltd., Class H

     65,000        210,806  

China Vanke Co. Ltd., Class H

     18,700        20,630  

COSCO SHIPPING Holdings Co. Ltd., Class H

     48,000        49,214  

Great Wall Motor Co. Ltd., Class H

     26,500        31,603  

Industrial & Commercial Bank of China Ltd., Class H

     967,000        465,483  

Longfor Group Holdings Ltd.(a)(b)

     16,000        28,765  

PetroChina Co. Ltd., Class H

     364,000        274,214  

PICC Property & Casualty Co. Ltd., Class H

     50,000        64,225  

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

     47,000        269,151  

Postal Savings Bank of China Co. Ltd., Class H(b)

     62,000        31,349  

Sinopharm Group Co. Ltd., Class H

     13,600        39,418  

Tingyi Cayman Islands Holding Corp.

     28,000        39,112  

Wilmar International Ltd.

     25,200        68,867  

Yankuang Energy Group Co. Ltd., Class H

     33,000        62,361  
     

 

 

 
Total China

 

     3,784,684  
Czech Republic – 0.0%

 

CEZ AS

     941        40,088  
Denmark – 0.2%

 

AP Moller – Maersk AS, Class B

     71        128,377  

Pandora AS

     401        41,653  

Topdanmark AS

     1,149        50,050  
     

 

 

 
Total Denmark

 

     220,080  
Finland – 0.4%

 

Fortum Oyj(a)

     4,787        55,725  

Kone Oyj, Class B

     853        36,052  

Nordea Bank Abp

     16,760        185,307  

Sampo Oyj, Class A

     1,835        79,616  

UPM-Kymmene Oyj

     1,037        35,650  
     

 

 

 
Total Finland

 

     392,350  
France – 3.1%

 

ALD SA(b)

     2,755        21,395  

AXA SA

     13,197        393,740  

BNP Paribas SA

     6,673        426,940  

Bouygues SA

     2,349        82,419  

Cie de Saint-Gobain SA

     1,676        100,932  

Cie Generale des Etablissements Michelin SCA

     2,169        66,757  

Danone SA

     1,244        68,831  

Engie SA

     18,448        283,797  

Gecina SA

     621        63,612  

Klepierre SA

     1,830        45,009  

Orange SA

     16,782        192,960  

Publicis Groupe SA

     639        48,549  

Rexel SA

     1,696        38,247  

Sanofi

     3,259        350,153  

Societe Generale SA

     4,516        110,185  

TotalEnergies SE

     13,566        894,959  

Veolia Environnement SA

     3,469        100,745  
     

 

 

 
Total France

 

     3,289,230  
Germany – 2.4%

 

Allianz SE, Registered Shares

     1,611      384,964  

BASF SE

     4,504        204,812  

Bayer AG, Registered Shares

     2,553        122,851  

Bayerische Motoren Werke AG

     2,978        303,882  

Deutsche Post AG, Registered Shares

     4,530        184,819  

E.ON SE

     11,093        131,541  

Fielmann Group AG

     402        17,399  

Hapag-Lloyd AG(b)

     1,437        261,989  

Heidelberg Materials AG

     1,056        82,198  

Mercedes-Benz Group AG

     6,453        450,168  

Muenchener Rueckversicherungs-Gesellschaft AG, Registered Shares

     344        134,430  

Talanx AG

     1,640        104,181  

Telefonica Deutschland Holding AG

     17,964        32,238  

Volkswagen AG

     914        120,672  

Wacker Chemie AG

     281        40,357  
     

 

 

 
Total Germany

 

     2,576,501  
Hong Kong – 0.7%

 

Bank of East Asia Ltd.

     26,600        33,013  

Champion REIT

     76,000        25,036  

CLP Holdings Ltd.

     10,500        77,692  

Hang Lung Properties Ltd.

     19,000        26,007  

Henderson Land Development Co. Ltd.

     23,100        60,907  

Hong Kong & China Gas Co. Ltd.

     73,000        50,892  

Hysan Development Co. Ltd.

     3,000        5,815  

Link REIT

     18,266        89,559  

New World Development Co. Ltd.

     2,000        3,892  

PCCW Ltd.

     98,000        44,672  

Power Assets Holdings Ltd.

     18,000        87,106  

Sino Land Co. Ltd.

     53,873        60,739  

Sun Hung Kai Properties Ltd.

     12,000        128,399  

Swire Pacific Ltd., Class B

     25,000        27,324  

Swire Properties Ltd.

     23,800        49,655  
     

 

 

 
Total Hong Kong

 

     770,708  
India – 0.9%

 

Bharat Petroleum Corp. Ltd.

     4,871        20,331  

Coal India Ltd.

     28,359        100,812  

GAIL India Ltd.

     30,084        45,067  

HCL Technologies Ltd.

     9,409        139,909  

Hindustan Petroleum Corp. Ltd.*

     4,020        12,342  

Indian Oil Corp. Ltd.

     58,079        63,610  

Indus Towers Ltd.*

     9,177        21,185  

NMDC Ltd.

     21,281        37,915  

NTPC Ltd.

     37,537        110,996  

Oil & Natural Gas Corp. Ltd.

     36,698        84,783  

Petronet LNG Ltd.

     12,087        34,926  

Power Grid Corp. of India Ltd.

     44,628        107,350  

Steel Authority of India Ltd.

     25,418        28,726  

Tata Steel Ltd.

     57,332        88,993  

Vedanta Ltd.

     11,854        31,769  
     

 

 

 
Total India

 

     928,714  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2023

 

 

 

Investments    Shares      Value  
Indonesia – 0.1%

 

Adaro Energy Indonesia Tbk PT

     207,600      $ 38,283  

Bukit Asam Tbk PT

     114,100        20,672  

Indo Tambangraya Megah Tbk PT

     8,900        16,686  

Indocement Tunggal Prakarsa Tbk PT

     24,400        15,709  

Indofood Sukses Makmur Tbk PT

     53,100        22,762  

United Tractors Tbk PT

     17,700        32,353  
     

 

 

 
Total Indonesia

 

     146,465  
Ireland – 0.1%

 

Smurfit Kappa Group PLC

     1,483        49,553  
Israel – 0.2%

 

Amot Investments Ltd.

     4,686        22,710  

Ashtrom Group Ltd.

     711        9,698  

Bank Leumi Le-Israel BM

     8,630        71,429  

First International Bank of Israel Ltd.

     530        22,776  

ICL Group Ltd.

     12,225        67,660  
     

 

 

 
Total Israel

 

     194,273  
Italy – 0.9%

 

A2A SpA

     33,136        59,150  

Assicurazioni Generali SpA

     6,270        128,552  

Banco BPM SpA

     8,699        41,768  

De’ Longhi SpA(a)

     935        20,412  

Eni SpA(a)

     19,600        316,585  

Hera SpA

     20,112        55,150  

Mediobanca Banca di Credito Finanziario SpA

     4,649        61,674  

Poste Italiane SpA(b)

     4,973        52,483  

Snam SpA(a)

     19,914        93,803  

Terna – Rete Elettrica Nazionale(a)

     6,323        47,718  

UnipolSai Assicurazioni SpA(a)

     14,835        35,905  
     

 

 

 
Total Italy

 

     913,200  
Japan – 2.9%

 

AGC, Inc.

     800        28,113  

Concordia Financial Group Ltd.(a)

     7,000        31,968  

Daiwa House Industry Co. Ltd.

     1,700        45,740  

ENEOS Holdings, Inc.(a)

     16,400        64,831  

Haseko Corp.(a)

     2,300        29,392  

Inpex Corp.

     3,400        51,402  

Isuzu Motors Ltd.(a)

     2,400        30,244  

Japan Post Holdings Co. Ltd.(a)

     12,900        103,520  

Japan Tobacco, Inc.

     8,300        191,335  

Kajima Corp.

     3,600        58,707  

Kansai Electric Power Co., Inc.

     4,000        55,688  

Kawasaki Kisen Kaisha Ltd.(a)

     2,400        82,088  

Kuraray Co. Ltd.

     6,000        71,208  

Marubeni Corp.

     8,669        135,474  

Mitsubishi Chemical Group Corp.(a)

     9,000        56,856  

Mitsubishi UFJ Financial Group, Inc.(a)

     41,900        356,175  

Mitsui OSK Lines Ltd.(a)

     3,800        104,661  

Mizuho Financial Group, Inc.(a)

     6,730        114,598  

MS&AD Insurance Group Holdings, Inc.(a)

     1,600        58,918  

Nippon Steel Corp.(a)

     6,600        155,021  

Nippon Yusen KK(a)

     5,900        153,643  

Sekisui House Ltd.

     2,900      57,854  

SoftBank Corp.(a)

     26,300        297,940  

Sompo Holdings, Inc.(a)

     1,200        51,731  

Sumitomo Chemical Co. Ltd.

     5,800        15,819  

Sumitomo Corp.(a)

     6,386        127,699  

Sumitomo Forestry Co. Ltd.

     2,300        58,662  

Sumitomo Mitsui Financial Group, Inc.(a)

     4,600        226,478  

Sumitomo Mitsui Trust Holdings, Inc.

     1,800        67,923  

Takeda Pharmaceutical Co. Ltd.(a)

     5,400        167,944  

Tosoh Corp.

     3,000        38,559  
     

 

 

 
Total Japan

 

     3,090,191  
Malaysia – 0.5%

 

CIMB Group Holdings Bhd

     66,800        77,253  

HAP Seng Consolidated Bhd

     3,900        3,655  

Kuala Lumpur Kepong Bhd

     6,400        29,170  

Malayan Banking Bhd

     53,993        101,080  

Maxis Bhd

     36,200        31,148  

Petronas Chemicals Group Bhd

     31,500        48,237  

Petronas Gas Bhd

     13,300        47,702  

RHB Bank Bhd

     51,867        59,984  

Sime Darby Bhd

     58,100        27,347  

Sime Darby Plantation Bhd

     28,000        25,524  

Tenaga Nasional Bhd

     29,400        62,554  
     

 

 

 
Total Malaysia

 

     513,654  
Mexico – 0.4%

 

Alfa SAB de CV, Class A

     47,750        31,158  

Alpek SAB de CV(a)

     9,251        7,964  

Banco del Bajio SA(b)

     12,507        39,446  

Coca-Cola Femsa SAB de CV

     4,550        35,811  

Fibra Uno Administracion SA de CV

     39,614        66,219  

Grupo Mexico SAB de CV, Series B

     37,854        179,680  

Kimberly-Clark de Mexico SAB de CV, Class A

     10,690        21,345  

Orbia Advance Corp. SAB de CV

     26,023        54,222  
     

 

 

 
Total Mexico

 

     435,845  
Netherlands – 0.5%

 

Aegon NV(a)

     11,239        54,523  

ASR Nederland NV

     1,686        63,405  

BE Semiconductor Industries NV(a)

     524        51,595  

Koninklijke KPN NV

     29,479        97,347  

Koninklijke Vopak NV

     790        27,116  

NN Group NV(a)

     1,601        51,598  

OCI NV*

     2,273        63,509  

Randstad NV(a)

     1,454        80,635  

SBM Offshore NV(a)

     807        10,620  

Signify NV(b)

     731        19,743  
     

 

 

 
Total Netherlands

 

     520,091  
Norway – 0.5%

 

Aker BP ASA

     2,672        74,328  

DNB Bank ASA

     9,357        189,587  

Norsk Hydro ASA

     7,432        46,935  

Telenor ASA

     13,745        156,944  

Yara International ASA

     1,029        39,194  
     

 

 

 
Total Norway

 

     506,988  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2023

 

 

 

Investments    Shares      Value  
Philippines – 0.0%

 

PLDT, Inc.

     910      $ 18,915  
Poland – 0.1%

 

ORLEN SA

     2,999        40,330  

Powszechna Kasa Oszczednosci Bank Polski SA*

     12,511        99,513  
     

 

 

 
Total Poland

 

     139,843  
Portugal – 0.1%

 

EDP – Energias de Portugal SA

     8,474        35,313  

Galp Energia SGPS SA

     2,932        43,584  
     

 

 

 
Total Portugal

 

     78,897  
Russia – 0.0%

 

Evraz PLC*

     5,263        0  

Magnit PJSC*

     447        0  

Magnit PJSC, GDR*(c)

     1        0  

Magnitogorsk Iron & Steel Works PJSC, GDR*(c)

     1,299        0  

MMC Norilsk Nickel PJSC*

     321        0  

MMC Norilsk Nickel PJSC, ADR*

     5        0  

Mobile TeleSystems PJSC, ADR*

     3,583        0  

Novolipetsk Steel PJSC*

     11,640        0  

PhosAgro PJSC*

     247        0  

PhosAgro PJSC, GDR*(c)

     4        0  

Polyus PJSC*

     83        0  

Sberbank of Russia PJSC*

     14,088        0  

Sberbank of Russia PJSC, ADR*

     6,465        0  

Severstal PAO, GDR*(c)

     1,737        0  

Tatneft PJSC*

     2,124        0  

Tatneft PJSC, ADR*

     85        0  
     

 

 

 
Total Russia

 

     0  
Saudi Arabia – 0.3%

 

Advanced Petrochemical Co.

     1,743        18,636  

Arabian Centres Co. Ltd.

     4,421        23,458  

Sahara International Petrochemical Co.

     6,322        63,718  

Saudi Basic Industries Corp.

     5,577        122,679  

Saudi Cement Co.

     3,333        46,390  

Saudi Industrial Investment Group

     5,267        33,368  

Yanbu National Petrochemical Co.

     3,736        41,440  
     

 

 

 
Total Saudi Arabia

 

     349,689  
Singapore – 1.0%

 

CapitaLand Ascendas REIT

     26,100        52,586  

CapitaLand Integrated Commercial Trust

     32,900        44,593  

DBS Group Holdings Ltd.

     11,114        273,921  

Frasers Centrepoint Trust

     21,000        33,695  

Frasers Logistics & Commercial Trust

     50,000        39,197  

Keppel Corp. Ltd.

     5,800        28,896  

Mapletree Industrial Trust

     27,800        46,031  

Mapletree Logistics Trust

     32,300        39,757  

Mapletree Pan Asia Commercial Trust

     37,400        39,184  

Olam Group Ltd.

     36,200        27,848  

Oversea-Chinese Banking Corp. Ltd.

     22,113        207,537  

Singapore Technologies Engineering Ltd.

     15,000        42,970  

United Overseas Bank Ltd.

     8,113        169,405  

Venture Corp. Ltd.

     800      7,251  
     

 

 

 
Total Singapore

 

     1,052,871  
South Africa – 0.6%

 

Absa Group Ltd.

     6,717        62,334  

Anglo American Platinum Ltd.

     416        15,589  

Exxaro Resources Ltd.(a)

     4,905        44,881  

FirstRand Ltd.

     30,912        104,782  

Impala Platinum Holdings Ltd.

     7,697        40,390  

Nedbank Group Ltd.

     6,218        66,780  

Sanlam Ltd.

     13,190        45,977  

Sasol Ltd.

     3,404        47,162  

Standard Bank Group Ltd.

     10,505        102,444  

Thungela Resources Ltd.(a)

     3,325        30,648  

Vodacom Group Ltd.

     8,280        46,482  
     

 

 

 
Total South Africa

 

     607,469  
South Korea – 0.6%

 

Hana Financial Group, Inc.

     1,455        45,772  

KB Financial Group, Inc.

     3,313        135,770  

KT&G Corp.

     610        39,012  

POSCO Holdings, Inc.

     721        285,857  

Shinhan Financial Group Co. Ltd.

     3,871        102,125  

Woori Financial Group, Inc.

     7,936        72,103  
     

 

 

 
Total South Korea

 

     680,639  
Spain – 2.0%

 

Acerinox SA

     3,240        31,436  

ACS Actividades de Construccion y Servicios SA

     3,198        115,357  

Banco Bilbao Vizcaya Argentaria SA(a)

     27,133        221,486  

Banco Santander SA

     51,696        198,052  

Bankinter SA(a)

     4,247        27,177  

CaixaBank SA

     23,318        93,468  

Endesa SA

     10,920        222,849  

Fluidra SA(a)

     1,562        32,033  

Fomento de Construcciones y Contratas SA(a)

     1,799        22,704  

Iberdrola SA

     22,836        256,162  

Industria de Diseno Textil SA

     8,507        317,849  

Inmobiliaria Colonial Socimi SA(a)

     10,170        57,929  

Merlin Properties Socimi SA

     8,438        71,336  

Naturgy Energy Group SA(a)

     5,104        139,203  

Redeia Corp. SA

     2,424        38,227  

Repsol SA

     6,138        101,183  

Telefonica SA(a)

     35,075        143,641  
     

 

 

 
Total Spain

 

     2,090,092  
Sweden – 0.6%

 

Autoliv, Inc.

     557        53,739  

Fabege AB(a)

     4,165        33,476  

Husqvarna AB, Class B(a)

     3,500        26,978  

Nordnet AB publ

     2,537        33,720  

Skandinaviska Enskilda Banken AB, Class A

     6,605        79,430  

SKF AB, Class B

     1,698        28,469  

SSAB AB, Class B

     8,829        48,841  

Svenska Handelsbanken AB, Class A

     5,481        49,219  

Swedbank AB, Class A

     6,848        126,885  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2023

 

 

 

Investments    Shares      Value  

Tele2 AB, Class B

     2,836      $ 21,844  

Telia Co. AB

     23,442        48,700  

Thule Group AB(a)(b)

     1,452        38,344  
     

 

 

 
Total Sweden

 

     589,645  
Switzerland – 2.2%

 

Baloise Holding AG, Registered Shares

     497        72,203  

Helvetia Holding AG, Registered Shares

     441        61,898  

Holcim AG, Registered Shares*

     2,317        148,878  

Julius Baer Group Ltd.

     1,151        74,058  

Kuehne & Nagel International AG, Registered Shares

     477        136,092  

Novartis AG, Registered Shares

     9,939        1,019,867  

OC Oerlikon Corp. AG, Registered Shares(a)

     4,492        19,111  

Swiss Life Holding AG, Registered Shares

     114        71,231  

Swiss Prime Site AG, Registered Shares

     553        50,748  

Swiss Re AG

     1,606        165,586  

Swisscom AG, Registered Shares

     328        195,122  

Zurich Insurance Group AG

     727        333,857  
     

 

 

 
Total Switzerland

 

     2,348,651  
Taiwan – 3.4%

 

ASE Technology Holding Co. Ltd.

     65,000        220,489  

Asia Cement Corp.

     24,000        29,554  

Asustek Computer, Inc.

     11,000        125,060  

AUO Corp.

     118,000        59,950  

Cathay Financial Holding Co. Ltd.

     70,958        97,928  

China Steel Corp.

     258,000        201,809  

CTBC Financial Holding Co. Ltd.

     156,480        118,764  

Far Eastern New Century Corp.

     45,000        40,078  

Far EasTone Telecommunications Co. Ltd.

     23,000        51,799  

Formosa Chemicals & Fibre Corp.

     24,000        45,724  

Formosa Plastics Corp.

     67,000        165,629  

Fubon Financial Holding Co. Ltd.

     95,432        179,450  

Giant Manufacturing Co. Ltd.

     6,217        34,378  

Hon Hai Precision Industry Co. Ltd.

     70,000        225,523  

Innolux Corp.*

     112,100        45,666  

Largan Precision Co. Ltd.

     1,000        66,139  

Lite-On Technology Corp., ADR

     19,000        71,514  

MediaTek, Inc.

     23,000        523,691  

Mega Financial Holding Co. Ltd.

     73,900        86,307  

Micro-Star International Co. Ltd.

     15,000        76,207  

Nan Ya Plastics Corp.

     99,000        204,253  

Novatek Microelectronics Corp.

     7,000        91,727  

Pegatron Corp.

     22,680        53,819  

Pou Chen Corp.

     42,000        37,276  

Quanta Computer, Inc.

     28,210        209,300  

Realtek Semiconductor Corp.

     6,000        73,419  

SinoPac Financial Holdings Co. Ltd.

     151,593        81,712  

Taiwan Mobile Co. Ltd.

     24,000        70,334  

United Microelectronics Corp.

     110,000        154,025  

Wistron Corp.

     29,000        91,185  

Yang Ming Marine Transport Corp.

     30,000        42,239  

Yuanta Financial Holding Co. Ltd.

     117,161        90,918  
     

 

 

 
Total Taiwan

 

     3,665,866  
Thailand – 0.2%

 

PTT Exploration & Production PCL, NVDR

     14,500      68,095  

PTT PCL, NVDR

     117,600        108,193  

Siam Cement PCL, NVDR

     5,900        48,772  
     

 

 

 
Total Thailand

 

     225,060  
United Kingdom – 2.9%

 

Anglo American PLC

     6,394        176,804  

Aviva PLC

     12,904        61,393  

Bellway PLC

     1,530        42,652  

BP PLC

     60,957        395,367  

British American Tobacco PLC

     10,348        325,482  

British Land Co. PLC

     8,038        31,090  

BT Group PLC(a)

     43,646        62,169  

Games Workshop Group PLC

     226        29,157  

HSBC Holdings PLC

     100,204        788,738  

Imperial Brands PLC

     6,189        125,925  

J Sainsbury PLC

     16,071        49,588  

Kingfisher PLC

     12,438        33,900  

Land Securities Group PLC

     6,196        44,604  

Legal & General Group PLC

     21,204        57,584  

Lloyds Banking Group PLC

     258,153        139,805  

National Grid PLC

     22,769        272,349  

OSB Group PLC

     4,037        16,132  

Pennon Group PLC

     2,810        20,098  

Severn Trent PLC

     1,630        47,052  

SSE PLC

     3,795        74,575  

St. James’s Place PLC

     2,457        24,957  

Tesco PLC

     24,871        80,201  

Tritax Big Box REIT PLC

     25,568        43,627  

United Utilities Group PLC

     3,128        36,201  

Vodafone Group PLC

     151,106        141,681  
     

 

 

 
Total United Kingdom

 

     3,121,131  
United States – 57.6%

 

3M Co.

     5,204        487,198  

AbbVie, Inc.

     19,517        2,909,204  

Advance Auto Parts, Inc.

     321        17,954  

Agree Realty Corp.

     929        51,318  

ALLETE, Inc.

     297        15,682  

Alliant Energy Corp.

     2,477        120,011  

Ally Financial, Inc.

     2,450        65,366  

Altria Group, Inc.

     40,480        1,702,184  

American Electric Power Co., Inc.

     4,966        373,542  

Americold Realty Trust, Inc.

     1,739        52,883  

Amgen, Inc.

     4,512        1,212,645  

Annaly Capital Management, Inc.

     8,261        155,389  

Antero Midstream Corp.

     5,901        70,694  

Apartment Income REIT Corp.

     1,937        59,466  

Ares Management Corp., Class A

     1,188        122,210  

Associated Banc-Corp.

     1,337        22,876  

Atlantic Union Bankshares Corp.

     991        28,521  

AvalonBay Communities, Inc.

     793        136,190  

Avangrid, Inc.

     2,945        88,851  

Bank of Hawaii Corp.

     420        20,870  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2023

 

 

 

Investments    Shares      Value  

Bank of New York Mellon Corp.

     4,998      $ 213,165  

Bank OZK

     1,288        47,746  

Best Buy Co., Inc.

     2,325        161,518  

Black Hills Corp.

     794        40,168  

BlackRock, Inc.

     924        597,357  

Blackstone Mortgage Trust, Inc., Class A(a)

     2,115        46,001  

Blue Owl Capital, Inc.(a)

     4,097        53,097  

Boston Properties, Inc.

     1,385        82,380  

Brixmor Property Group, Inc.

     3,133        65,104  

Broadcom, Inc.

     2,699        2,241,735  

Brookfield Renewable Corp., Class A(a)

     1,674        40,076  

Cadence Bank(a)

     1,244        26,398  

Cal-Maine Foods, Inc.

     944        45,708  

Campbell Soup Co.

     1,576        64,742  

Carlyle Group, Inc.

     3,252        98,080  

Cathay General Bancorp

     892        31,006  

Chemours Co.

     1,019        28,583  

Chevron Corp.

     18,570        3,131,273  

Chord Energy Corp.

     424        68,718  

Cisco Systems, Inc.

     28,724        1,544,202  

Citigroup, Inc.

     15,766        648,456  

Citizens Financial Group, Inc.

     3,576        95,837  

Clearway Energy, Inc., Class C

     1,096        23,191  

Clorox Co.

     758        99,343  

CMS Energy Corp.

     2,499        132,722  

CNA Financial Corp.

     2,818        110,888  

Coca-Cola Co.

     36,407        2,038,064  

Cogent Communications Holdings, Inc.

     422        26,122  

Cohen & Steers, Inc.

     721        45,199  

Columbia Banking System, Inc.

     2,041        41,432  

Comcast Corp., Class A

     29,927        1,326,963  

Comerica, Inc.

     742        30,830  

Conagra Brands, Inc.

     3,027        83,000  

Consolidated Edison, Inc.

     3,538        302,605  

Corning, Inc.

     5,258        160,211  

Cousins Properties, Inc.

     1,898        38,662  

Cracker Barrel Old Country Store, Inc.(a)

     296        19,891  

Crown Castle, Inc.

     3,445        317,043  

CubeSmart

     1,766        67,338  

CVB Financial Corp.

     1,086        17,995  

CVR Energy, Inc.(a)

     1,428        48,595  

Darden Restaurants, Inc.

     810        116,008  

Digital Realty Trust, Inc.

     2,715        328,569  

Dominion Energy, Inc.

     5,931        264,938  

Douglas Emmett, Inc.(a)

     1,721        21,960  

Dow, Inc.

     11,896        613,358  

DT Midstream, Inc.

     824        43,606  

Duke Energy Corp.

     5,898        520,557  

EastGroup Properties, Inc.

     457        76,104  

Eastman Chemical Co.

     834        63,984  

Edison International

     3,096        195,946  

Entergy Corp.

     1,340        123,950  

EPR Properties

     1,826        75,852  

Equitrans Midstream Corp.

     5,117        47,946  

Equity Residential

     3,774      221,572  

Essential Properties Realty Trust, Inc.

     2,761        59,720  

Essex Property Trust, Inc.

     411        87,169  

Evercore, Inc., Class A

     424        58,461  

Evergy, Inc.

     1,570        79,599  

Eversource Energy

     3,172        184,452  

Exelon Corp.

     6,298        238,001  

Extra Space Storage, Inc.

     1,684        204,741  

Exxon Mobil Corp.

     39,663        4,663,576  

Federal Realty Investment Trust

     547        49,575  

Fidelity National Financial, Inc.

     2,745        113,368  

Fifth Third Bancorp

     4,481        113,504  

First American Financial Corp.

     533        30,109  

First Hawaiian, Inc.

     1,723        31,100  

First Interstate BancSystem, Inc., Class A

     847        21,124  

FirstEnergy Corp.

     5,914        202,141  

Flowers Foods, Inc.

     1,655        36,708  

FNB Corp.

     2,083        22,476  

Foot Locker, Inc.(a)

     724        12,561  

Ford Motor Co.

     36,263        450,386  

Franklin Resources, Inc.

     4,042        99,352  

Fulton Financial Corp.

     2,336        28,289  

Gaming & Leisure Properties, Inc.

     2,259        102,897  

Gap, Inc.

     3,709        39,427  

Gilead Sciences, Inc.

     14,985        1,122,976  

Goldman Sachs Group, Inc.

     1,883        609,282  

GSK PLC

     16,392        298,508  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.(a)

     914        19,377  

Hasbro, Inc.

     999        66,074  

Hawaiian Electric Industries, Inc.

     281        3,459  

Healthpeak Properties, Inc.

     4,324        79,389  

Hewlett Packard Enterprise Co.

     9,403        163,330  

Highwoods Properties, Inc.

     2,612        53,833  

HP, Inc.

     7,793        200,280  

Huntington Bancshares, Inc.

     11,348        118,019  

Huntsman Corp.

     1,618        39,479  

Ingredion, Inc.

     381        37,490  

Innovative Industrial Properties, Inc.

     394        29,810  

International Business Machines Corp.

     8,844        1,240,813  

International Flavors & Fragrances, Inc.

     1,699        115,821  

International Paper Co.

     3,209        113,823  

Interpublic Group of Cos., Inc.

     3,382        96,928  

Invesco Ltd.

     4,320        62,726  

Iron Mountain, Inc.

     2,463        146,425  

Jackson Financial, Inc., Class A

     1,151        43,991  

JBG SMITH Properties

     1,228        17,757  

Jefferies Financial Group, Inc.

     1,414        51,795  

JPMorgan Chase & Co.

     18,770        2,722,025  

Juniper Networks, Inc.

     2,956        82,147  

Kellogg Co.

     2,692        160,201  

KeyCorp

     7,188        77,343  

Kilroy Realty Corp.

     952        30,093  

Kimberly-Clark Corp.

     2,349        283,877  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2023

 

 

 

Investments    Shares      Value  

Kimco Realty Corp.

     4,851      $ 85,329  

Kinder Morgan, Inc.

     24,447        405,331  

Kohl’s Corp.(a)

     1,690        35,422  

Kraft Heinz Co.

     9,267        311,742  

Lamar Advertising Co., Class A

     1,361        113,603  

LCI Industries

     259        30,412  

Leggett & Platt, Inc.

     1,234        31,356  

Lincoln National Corp.

     1,462        36,097  

LXP Industrial Trust

     2,381        21,191  

Macy’s, Inc.

     1,741        20,213  

ManpowerGroup, Inc.

     539        39,519  

MDU Resources Group, Inc.

     1,246        24,397  

Medical Properties Trust, Inc.(a)

     9,963        54,298  

Merck & Co., Inc.

     19,982        2,057,147  

MetLife, Inc.

     4,437        279,132  

Morgan Stanley

     11,180        913,071  

National Fuel Gas Co.

     809        41,995  

National Health Investors, Inc.

     427        21,931  

National Storage Affiliates Trust

     1,043        33,105  

New Jersey Resources Corp.

     1,293        52,535  

New York Community Bancorp, Inc.(a)

     5,034        57,086  

NiSource, Inc.

     4,300        106,124  

NNN REIT, Inc.

     2,275        80,398  

Nordstrom, Inc.(a)

     1,230        18,376  

Northern Oil & Gas, Inc.(a)

     814        32,747  

Northern Trust Corp.

     1,244        86,433  

NRG Energy, Inc.

     1,543        59,436  

OGE Energy Corp.

     1,951        65,027  

Old National Bancorp

     1,831        26,623  

Old Republic International Corp.

     2,471        66,569  

Omnicom Group, Inc.

     1,290        96,079  

ONE Gas, Inc.

     213        14,544  

OneMain Holdings, Inc.

     2,188        87,717  

Organon & Co.

     3,183        55,257  

Outfront Media, Inc.(a)

     2,707        27,341  

PACCAR, Inc.

     2,788        237,036  

Pacific Premier Bancorp, Inc.

     1,002        21,804  

Packaging Corp. of America

     687        105,489  

PacWest Bancorp

     730        5,774  

Paramount Global, Class B

     5,779        74,549  

Patterson Cos., Inc.

     472        13,990  

Pfizer, Inc.

     55,996        1,857,387  

Philip Morris International, Inc.

     24,887        2,304,038  

Phillips 66

     3,492        419,564  

Phillips Edison & Co., Inc.

     1,072        35,955  

Pinnacle West Capital Corp.

     1,027        75,669  

PNC Financial Services Group, Inc.

     4,062        498,692  

Portland General Electric Co.

     1,008        40,804  

PotlatchDeltic Corp.

     971        44,074  

PPL Corp.

     4,036        95,088  

Principal Financial Group, Inc.

     1,933        139,311  

Prosperity Bancshares, Inc.

     474        25,871  

Prudential Financial, Inc.

     3,078        292,071  

Public Service Enterprise Group, Inc.

     3,211        182,738  

Radian Group, Inc.

     2,953      74,150  

Rayonier, Inc.

     1,524        43,373  

Realty Income Corp.

     5,493        274,320  

Regency Centers Corp.

     1,149        68,297  

Regions Financial Corp.

     6,430        110,596  

Reynolds Consumer Products, Inc.

     1,104        28,296  

Rithm Capital Corp.

     7,131        66,247  

Ryder System, Inc.

     384        41,069  

Sabra Health Care REIT, Inc.

     3,111        43,367  

Scotts Miracle-Gro Co.(a)

     671        34,677  

Simmons First National Corp., Class A

     699        11,855  

Simon Property Group, Inc.

     4,064        439,034  

SL Green Realty Corp.(a)

     730        27,229  

Sonoco Products Co.

     511        27,773  

Southern Co.

     11,854        767,191  

Southwest Gas Holdings, Inc.

     456        27,547  

Spirit Realty Capital, Inc.

     1,443        48,384  

STAG Industrial, Inc.

     1,865        64,361  

Starwood Property Trust, Inc.(a)

     6,674        129,142  

State Street Corp.

     2,563        171,618  

Stellantis NV

     17,121        330,090  

Synovus Financial Corp.

     765        21,267  

T Rowe Price Group, Inc.

     1,858        194,848  

Tapestry, Inc.

     1,921        55,229  

TFS Financial Corp.

     2,541        30,035  

Travel & Leisure Co.

     905        33,241  

Truist Financial Corp.

     10,601        303,295  

U.S. Bancorp

     17,793        588,237  

UDR, Inc.

     2,133        76,084  

UGI Corp.

     2,550        58,650  

United Bankshares, Inc.

     1,461        40,309  

United Parcel Service, Inc., Class B

     7,464        1,163,414  

Unum Group

     1,407        69,210  

Vail Resorts, Inc.

     280        62,129  

Valero Energy Corp.

     3,801        538,640  

Valley National Bancorp

     4,441        38,015  

Ventas, Inc.

     3,258        137,260  

Verizon Communications, Inc.

     53,488        1,733,546  

Viatris, Inc.

     11,117        109,614  

VICI Properties, Inc.

     8,307        241,734  

Virtu Financial, Inc., Class A

     595        10,276  

Vistra Corp.

     4,013        133,151  

Watsco, Inc.

     248        93,675  

Webster Financial Corp.

     1,201        48,412  

WEC Energy Group, Inc.

     2,832        228,118  

Welltower, Inc.

     3,277        268,452  

Western Union Co.

     3,002        39,566  

Whirlpool Corp.

     478        63,909  

Williams Cos., Inc.

     11,737        395,420  

WP Carey, Inc.

     2,921        157,968  
     

 

 

 
Total United States

 

     61,464,462  
TOTAL COMMON STOCKS
(Cost: $104,187,297)

 

     106,083,182  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Global High Dividend Fund (DEW)

September 30, 2023

 

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUNDS – 0.1%

 

United States – 0.1%

 

WisdomTree International High Dividend Fund(d)

     3,193      $ 115,571  

WisdomTree U.S. High Dividend Fund(d)

     519        40,513  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $143,877)
              156,084  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.3%

 

United States – 5.3%

 

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

     
(Cost: $5,656,093)      5,656,093        5,656,093  

TOTAL INVESTMENTS IN SECURITIES – 104.8%

(Cost: $109,987,267)

 

 

     111,895,359  

Other Assets less Liabilities – (4.8)%

 

     (5,148,159
     

 

 

 
NET ASSETS – 100.0%

 

   $ 106,747,200  

 

* 

Non-income producing security.

 

 

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

 

(a) 

Security, or portion thereof, was on loan at 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 $7,464,776 and the total market value of the collateral held by the Fund was $7,832,162. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,176,069.

 

(b) 

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

 

(c) 

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

 

(d) 

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

 

(e) 

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

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2023 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2023
    Dividend
Income
 

WisdomTree International High Dividend Fund

  $ 124,207     $ 476,872     $ 469,701     $ (12,588   $ (3,219   $ 115,571     $ 13,092  

WisdomTree U.S. High Dividend Fund

    77,663       146,599       176,535       (6,157     (1,057     40,513       2,167  

Total

  $ 201,870     $ 623,471     $ 646,236     $ (18,745   $ (4,276   $ 156,084     $ 15,259  

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to be
Purchased
    Amount and
Description of
Currency to be
Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America NA

    10/4/2023       14,529       USD       19,405,554       KRW     $ 149     $  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Schedule of Investments (unaudited) (concluded)

WisdomTree Global High Dividend Fund (DEW)

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

           

Russia

   $      $      $ 0 *     $ 0  

Other

     106,083,182                      106,083,182  

Exchange-Traded Funds

     156,084                      156,084  

Investment of Cash Collateral for Securities Loaned

            5,656,093               5,656,093  

Total Investments in Securities

   $ 106,239,266      $ 5,656,093      $ 0      $ 111,895,359  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 149      $      $ 149  

Total – Net

   $ 106,239,266      $ 5,656,242      $ 0      $ 111,895,508  
* 

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

 

1 

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

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Schedule of Investments (unaudited)

WisdomTree Growth Leaders Fund (PLAT)

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
Argentina – 1.1%      

MercadoLibre, Inc.*

     82      $ 103,966  
Canada – 1.3%      

RB Global, Inc.(a)

     2,010        125,625  
China – 6.1%      

Alibaba Group Holding Ltd., ADR*

     1,956        169,663  

Bilibili, Inc., Class Z*

     6,380        88,224  

JD Health International, Inc.*(b)

     16,100        83,462  

Meituan, Class B*(b)

     8,400        122,913  

PDD Holdings, Inc., ADR*

     1,344        131,806  
     

 

 

 
Total China

 

     596,068  
France – 1.2%      

Adevinta ASA*

     11,495        114,401  
Germany – 0.6%      

Delivery Hero SE*(b)

     2,166        62,308  
Netherlands – 0.7%      

Just Eat Takeaway.com NV*(b)

     5,969        74,383  
Poland – 0.8%      

Allegro.eu SA*(b)

     10,324        76,240  
United Kingdom – 1.2%      

Farfetch Ltd., Class A*(a)

     14,768        30,865  

London Stock Exchange Group PLC

     901        90,551  
     

 

 

 
Total United Kingdom

 

     121,416  
United States – 86.9%      

Activision Blizzard, Inc.

     1,709        160,014  

ACV Auctions, Inc., Class A*

     6,277        95,285  

Airbnb, Inc., Class A*

     1,126        154,498  

Alphabet, Inc., Class A*

     7,330        959,204  

Amazon.com, Inc.*

     5,486        697,380  

American Express Co.

     952        142,029  

Angi, Inc.*

     32,647        64,641  

Appian Corp., Class A*

     2,250        102,623  

Apple, Inc.

     4,807        823,006  

Atlassian Corp., Class A*

     800        161,208  

Booking Holdings, Inc.*

     59        181,953  

Bumble, Inc., Class A*

     6,244        93,160  

Cargurus, Inc.*

     5,077        88,949  

Cboe Global Markets, Inc.

     840        131,216  

CoStar Group, Inc.*

     1,425        109,568  

Coursera, Inc.*

     8,427        157,501  

DoorDash, Inc., Class A*

     1,562        124,132  

Dropbox, Inc., Class A*

     4,198        114,312  

Etsy, Inc.*

     1,247        80,531  

GoodRx Holdings, Inc., Class A*

     19,311        108,721  

Intercontinental Exchange, Inc.

     1,235        135,875  

MarketAxess Holdings, Inc.

     418        89,302  

Mastercard, Inc., Class A

     723        286,243  

Match Group, Inc.*

     2,705        105,968  

Meta Platforms, Inc., Class A*

     1,622        486,941  

Microsoft Corp.

     2,677        845,263  

Nasdaq, Inc.

     2,342      113,798  

PayPal Holdings, Inc.*

     2,122        124,052  

Pinterest, Inc., Class A*

     4,381        118,418  

Procore Technologies, Inc.*

     1,721        112,416  

ROBLOX Corp., Class A*(a)

     3,018        87,401  

Roku, Inc.*

     1,771        125,015  

Salesforce, Inc.*

     1,063        215,555  

Snap, Inc., Class A*

     10,480        93,377  

Snowflake, Inc., Class A*

     704        107,550  

Teladoc Health, Inc.*(a)

     4,562        84,808  

Tradeweb Markets, Inc., Class A

     1,626        130,405  

Uber Technologies, Inc.*

     3,161        145,374  

Unity Software, Inc.*

     2,931        92,004  

Upstart Holdings, Inc.*(a)

     3,569        101,859  

Visa, Inc., Class A

     1,529        351,685  
     

 

 

 
Total United States

 

     8,503,240  

TOTAL COMMON STOCKS

(Cost: $12,314,299)

              9,777,647  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1%

 

United States – 1.1%      

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

     
(Cost: $104,681)      104,681        104,681  

TOTAL INVESTMENTS IN SECURITIES – 101.0%

(Cost: $12,418,980)

        9,882,328  

Other Assets less Liabilities – (1.0)%

        (93,661
     

 

 

 
NET ASSETS – 100.0%             $ 9,788,667  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2023 (See Note 2). At September 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $326,615 and the total market value of the collateral held by the Fund was $332,636. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $227,955.

 

(b) 

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

 

(c) 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Schedule of Investments (unaudited) (concluded)

WisdomTree Growth Leaders Fund (PLAT)

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

   $ 9,777,647      $      $      $ 9,777,647  

Investment of Cash Collateral for Securities Loaned

            104,681               104,681  

Total Investments in Securities

   $ 9,777,647      $ 104,681      $      $ 9,882,328  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Schedule of Investments (unaudited)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 101.8%      
India – 101.8%      
Aerospace & Defense – 0.9%      

Bharat Dynamics Ltd.

     41,826      $ 519,442  

Bharat Electronics Ltd.

     3,089,079        5,144,668  

Hindustan Aeronautics Ltd.

     197,734        4,591,222  

Mazagon Dock Shipbuilders Ltd.

     33,950        896,244  
     

 

 

 
Total Aerospace & Defense

 

     11,151,576  
Air Freight & Logistics – 0.1%      

Allcargo Logistics Ltd.

     43,093        141,540  

Blue Dart Express Ltd.

     5,128        413,000  

TCI Express Ltd.

     6,747        117,726  

Transport Corp. of India Ltd.

     30,381        286,738  
     

 

 

 
Total Air Freight & Logistics

 

     959,004  
Automobile Components – 1.3%      

Apollo Tyres Ltd.

     283,855        1,260,135  

Asahi India Glass Ltd.

     74,837        566,045  

Automotive Axles Ltd.

     6,823        181,870  

Balkrishna Industries Ltd.

     54,916        1,691,498  

Bharat Forge Ltd.

     123,735        1,626,530  

Bosch Ltd.

     3,736        855,690  

Ceat Ltd.

     9,800        250,431  

Endurance Technologies Ltd.(a)

     19,536        374,446  

Exide Industries Ltd.

     683,020        2,143,453  

FIEM Industries Ltd.

     4,334        93,824  

Gabriel India Ltd.

     12        48  

JK Tyre & Industries Ltd.

     336,906        1,127,872  

Minda Corp. Ltd.

     17,047        68,359  

Motherson Sumi Wiring India Ltd.

     801,355        621,948  

Pricol Ltd.*

     29,642        117,349  

Samvardhana Motherson International Ltd.

     1,307,493        1,511,530  

Sansera Engineering Ltd.(a)

     18,497        209,848  

Sona Blw Precision Forgings Ltd.(a)

     93,615        657,685  

Sundram Fasteners Ltd.

     57,467        872,096  

Suprajit Engineering Ltd.

     2,268        10,551  

Tube Investments of India Ltd.

     45,389        1,633,356  

UNO Minda Ltd.

     78,364        565,686  
     

 

 

 
Total Automobile Components

 

     16,440,250  
Automobiles – 4.5%      

Bajaj Auto Ltd.

     94,738        5,776,946  

Eicher Motors Ltd.

     111,463        4,626,705  

Hero MotoCorp Ltd.

     164,329        6,049,943  

Mahindra & Mahindra Ltd.

     1,333,832        24,964,802  

Maruti Suzuki India Ltd.

     90,668        11,585,109  

Tata Motors Ltd.

     476,686        3,617,570  

TVS Motor Co. Ltd.

     128,324        2,351,644  
     

 

 

 
Total Automobiles

 

     58,972,719  
Banks – 22.4%      

AU Small Finance Bank Ltd.(a)

     143,428        1,232,350  

Axis Bank Ltd.

     1,918,678        23,953,077  

Bandhan Bank Ltd.(a)

     942,424        2,855,375  

Bank of Baroda

     3,175,180        8,180,630  

Bank of India

     2,376,233      3,130,491  

Bank of Maharashtra

     2,638,764        1,514,152  

Canara Bank

     1,379,279        6,249,349  

Central Bank of India Ltd.*

     1,497,420        925,054  

City Union Bank Ltd.

     421,220        642,676  

DCB Bank Ltd.

     619,899        930,506  

Equitas Small Finance Bank Ltd.(a)

     481,157        519,449  

Federal Bank Ltd.

     3,990,094        7,072,893  

HDFC Bank Ltd.

     4,719,052        86,736,280  

ICICI Bank Ltd.

     5,906,946        67,711,191  

IDBI Bank Ltd.

     1,415,780        1,206,225  

IDFC First Bank Ltd.*

     2,355,396        2,708,778  

Indian Bank

     793,576        4,047,616  

Indian Overseas Bank*

     1,584,898        892,255  

Jammu & Kashmir Bank Ltd.

     1,232,930        1,564,152  

Karnataka Bank Ltd.

     804,098        2,410,612  

Karur Vysya Bank Ltd.

     1,294,376        2,085,560  

Kotak Mahindra Bank Ltd.

     1,029,652        21,521,436  

Punjab National Bank

     3,139,187        3,031,780  

RBL Bank Ltd.(a)

     528,479        1,608,515  

South Indian Bank Ltd.

     2,473,250        808,619  

State Bank of India

     4,277,346        30,830,526  

UCO Bank*

     503,102        263,846  

Ujjivan Small Finance Bank Ltd.(a)

     628,675        409,571  

Union Bank of India Ltd.

     4,628,740        5,925,189  
     

 

 

 
Total Banks

 

     290,968,153  
Beverages – 0.3%      

Globus Spirits Ltd.

     18,943        200,217  

Radico Khaitan Ltd.

     62,166        901,221  

United Breweries Ltd.

     19,469        365,038  

United Spirits Ltd.*

     80,407        975,298  

Varun Beverages Ltd.

     154,938        1,764,483  
     

 

 

 
Total Beverages

 

     4,206,257  
Biotechnology – 0.1%      

Biocon Ltd.

     213,260        699,043  
Broadline Retail – 0.0%      

Shoppers Stop Ltd.*

     18,587        153,390  
Building Products – 0.2%      

Astral Ltd.

     25,558        588,604  

Blue Star Ltd.

     71,257        751,002  

Carysil Ltd.

     3,570        26,658  

Electrosteel Castings Ltd.

     21,444        18,373  

Kajaria Ceramics Ltd.

     13,320        212,068  

Prince Pipes & Fittings Ltd.*

     48,153        405,183  
     

 

 

 
Total Building Products

 

     2,001,888  
Capital Markets – 1.2%      

360 ONE WAM Ltd.

     86,525        523,164  

Anand Rathi Wealth Ltd.

     9,206        186,334  

Angel One Ltd.

     44,020        981,026  

CRISIL Ltd.

     10,105        477,516  

HDFC Asset Management Co. Ltd.(a)

     56,354        1,796,630  

ICICI Securities Ltd.(a)

     96,555        722,524  

IDFC Ltd.

     5,847,547        9,073,279  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Schedule of Investments (unaudited) (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2023

 

 

 

Investments    Shares      Value  

Indian Energy Exchange Ltd.(a)

     240,798      $ 383,346  

Multi Commodity Exchange of India Ltd.

     21,627        533,817  

Nippon Life India Asset Management Ltd.(a)

     86,556        341,831  

Share India Securities Ltd.

     3,150        49,465  

UTI Asset Management Co. Ltd.

     85,811        813,301  
     

 

 

 
Total Capital Markets

 

     15,882,233  
Chemicals – 4.3%      

Aarti Industries Ltd.

     155,590        920,710  

Alkyl Amines Chemicals

     14,972        414,622  

Asian Paints Ltd.

     143,625        5,467,232  

Atul Ltd.

     17,707        1,502,343  

Balaji Amines Ltd.

     5,691        149,006  

Berger Paints India Ltd.*

     22,375        153,275  

Berger Paints India Ltd.

     111,876        766,374  

Bhansali Engineering Polymers Ltd.

     3,734        3,959  

Camlin Fine Sciences Ltd.*

     111,080        219,307  

Carborundum Universal Ltd.

     7,294        103,383  

Castrol India Ltd.

     321,150        535,822  

Chambal Fertilisers & Chemicals Ltd.

     329,761        1,099,385  

Chemplast Sanmar Ltd.*

     1,894        11,042  

Coromandel International Ltd.

     148,275        2,046,786  

DCM Shriram Ltd.

     117,559        1,542,443  

Deepak Fertilisers & Petrochemicals Corp. Ltd.

     170,334        1,326,715  

Deepak Nitrite Ltd.

     63,900        1,631,680  

EID Parry India Ltd.

     214,265        1,346,748  

Finolex Industries Ltd.

     369,178        995,841  

Galaxy Surfactants Ltd.

     17,074        522,698  

GHCL Ltd.

     305,274        2,262,868  

Gujarat Alkalies & Chemicals Ltd.

     41,612        367,131  

Gujarat Fluorochemicals Ltd.

     21,253        780,583  

Gujarat Narmada Valley Fertilizers &
Chemicals Ltd.

     371,932        2,741,524  

Himadri Speciality Chemical Ltd.

     287,583        842,927  

India Glycols Ltd.

     185        1,559  

Jubilant Ingrevia Ltd.

     88,727        511,850  

Kansai Nerolac Paints Ltd.

     113,728        434,759  

Kiri Industries Ltd.*

     48        157  

Linde India Ltd.

     13,323        955,218  

Manali Petrochemicals Ltd.

     87,584        69,241  

Navin Fluorine International Ltd.

     20,988        952,003  

NOCIL Ltd.

     7,417        20,351  

PCBL Ltd.

     146,260        297,218  

PI Industries Ltd.

     33,415        1,389,454  

Pidilite Industries Ltd.

     43,810        1,287,005  

Polyplex Corp. Ltd.

     43,677        608,755  

Rain Industries Ltd.

     878,835        1,735,102  

Rallis India Ltd.

     245,715        619,308  

Rashtriya Chemicals & Fertilizers Ltd.

     463,794        706,236  

Sharda Cropchem Ltd.

     50,554        255,719  

Solar Industries India Ltd.

     4,528        262,821  

SRF Ltd.

     97,138        2,631,249  

Styrenix Performance Materials Ltd.

     3,245        42,473  

Sudarshan Chemical Industries Ltd.

     124,568        718,085  

Sumitomo Chemical India Ltd.

     26,198        133,259  

Supreme Industries Ltd.

     38,196      1,895,742  

Tata Chemicals Ltd.

     301,276        3,741,223  

Thirumalai Chemicals Ltd.

     224,405        581,272  

UPL Ltd.

     989,713        7,344,671  

Valiant Organics Ltd.(a)

     707        4,022  

Vinati Organics Ltd.

     14,343        318,921  
     

 

 

 
Total Chemicals

 

     55,272,077  
Commercial Services & Supplies – 0.1%      

CMS Info Systems Ltd.

     14,818        62,472  

Indian Railway Catering & Tourism Corp. Ltd.

     126,923        1,040,634  
     

 

 

 
Total Commercial Services & Supplies

 

     1,103,106  
Communications Equipment – 0.0%      

Sterlite Technologies Ltd.

     198,267        384,519  
Construction & Engineering – 2.3%      

Ashoka Buildcon Ltd.*

     890,472        1,311,989  

Bajel Projects Ltd.*

     4        6  

Engineers India Ltd.

     64,092        113,803  

G R Infraprojects Ltd.

     43,093        626,562  

HG Infra Engineering Ltd.

     6,950        78,868  

IRB Infrastructure Developers Ltd.

     2,214,260        842,601  

J Kumar Infraprojects Ltd.

     39,472        205,533  

Kalpataru Projects International Ltd.

     77,979        593,050  

KEC International Ltd.

     114,768        915,615  

KNR Constructions Ltd.

     229,888        786,214  

Larsen & Toubro Ltd.

     464,541        16,914,039  

NBCC India Ltd.

     1,282,837        903,719  

NCC Ltd.

     1,172,775        2,189,740  

PNC Infratech Ltd.

     179,526        790,279  

Power Mech Projects Ltd.

     336        16,986  

Praj Industries Ltd.

     14,569        102,915  

PSP Projects Ltd.

     11,340        108,967  

Rail Vikas Nigam Ltd.

     929,933        1,897,577  

Voltas Ltd.

     90,093        936,610  

Welspun Enterprises Ltd.

     215,844        737,924  
     

 

 

 
Total Construction & Engineering

 

     30,072,997  
Construction Materials – 2.3%      

ACC Ltd.

     58,440        1,416,114  

Ambuja Cements Ltd.

     550,672        2,816,979  

Dalmia Bharat Ltd.

     71,619        2,073,634  

Grasim Industries Ltd.

     538,616        12,598,651  

JK Cement Ltd.

     23,214        888,808  

JK Lakshmi Cement Ltd.

     115,754        899,715  

Orient Cement Ltd.

     406,093        871,688  

Ramco Cements Ltd.

     90,979        997,204  

Shree Cement Ltd.

     697        213,739  

UltraTech Cement Ltd.

     70,563        7,014,429  
     

 

 

 
Total Construction Materials

 

     29,790,961  
Consumer Finance – 0.3%      

Cholamandalam Financial Holdings Ltd.

     144,677        2,021,771  

SBI Cards & Payment Services Ltd.

     200,562        1,910,672  
     

 

 

 
Total Consumer Finance

 

     3,932,443  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2023

 

 

 

Investments    Shares      Value  
Consumer Staples Distribution & Retail – 0.1%

 

  

Avenue Supermarts Ltd.*(a)

     38,333      $ 1,696,708  

Medplus Health Services Ltd.*

     14,108        130,621  
     

 

 

 
Total Consumer Staples Distribution & Retail

 

     1,827,329  
Containers & Packaging – 0.0%      

AGI Greenpac Ltd.

     31,829        343,372  

EPL Ltd.

     11,499        25,853  

Time Technoplast Ltd.

     22,734        41,298  

Uflex Ltd.

     34,139        189,192  
     

 

 

 
Total Containers & Packaging

 

     599,715  
Diversified Telecommunication Services – 0.5%

 

  

HFCL Ltd.

     639,372        594,013  

Indus Towers Ltd.*

     1,201,386        2,773,389  

Railtel Corp. of India Ltd.

     949        2,559  

Tata Communications Ltd.

     125,110        2,911,882  
     

 

 

 
Total Diversified Telecommunication Services

 

     6,281,843  
Electric Utilities – 2.8%      

Adani Energy Solutions Ltd.*

     36,397        355,133  

CESC Ltd.

     2,000,321        2,166,741  

Power Grid Corp. of India Ltd.

     10,717,993        25,781,394  

SJVN Ltd.

     254,090        223,825  

Tata Power Co. Ltd.

     1,673,387        5,285,679  

Torrent Power Ltd.

     272,441        2,422,864  
     

 

 

 
Total Electric Utilities

 

     36,235,636  
Electrical Equipment – 1.3%      

ABB India Ltd.

     3,806        187,834  

Amara Raja Batteries Ltd.

     131,096        1,006,254  

Bharat Heavy Electricals Ltd.

     43,752        69,020  

CG Power & Industrial Solutions Ltd.

     130,954        697,338  

Finolex Cables Ltd.

     110,520        1,491,944  

Havells India Ltd.

     119,168        1,993,207  

HEG Ltd.

     23,271        482,928  

KEI Industries Ltd.

     74,197        2,370,623  

Polycab India Ltd.

     24,117        1,551,739  

Suzlon Energy Ltd.*

     22,546,717        7,005,016  
     

 

 

 
Total Electrical Equipment

 

     16,855,903  
Electronic Equipment, Instruments & Components – 0.2%

 

  

Redington Ltd.

     1,390,541        2,592,154  
Entertainment – 0.1%      

Saregama India Ltd.

     156,023        680,993  
Financial Services – 0.5%      

Aditya Birla Capital Ltd.*

     1,005,870        2,179,716  

Bajaj Finserv Ltd.

     208,509        3,867,427  

Infibeam Avenues Ltd.

     782,653        167,291  
     

 

 

 
Total Financial Services

 

     6,214,434  
Food Products – 1.5%      

Adani Wilmar Ltd.*

     80,111        325,494  

Avanti Feeds Ltd.

     54,175        287,898  

Balrampur Chini Mills Ltd.

     250,487        1,317,571  

Britannia Industries Ltd.

     66,224        3,618,301  

CCL Products India Ltd.

     89,395        695,105  

Dalmia Bharat Sugar & Industries Ltd.

     8      43  

Dhampur Sugar Mills Ltd.

     48,263        177,293  

Dwarikesh Sugar Industries Ltd.

     89,844        113,007  

Godrej Agrovet Ltd.(a)

     2,312        13,371  

Gujarat Ambuja Exports Ltd.

     126,698        531,257  

Kaveri Seed Co. Ltd.*

     58,377        423,199  

KRBL Ltd.

     139,927        683,364  

LT Foods Ltd.

     511,138        1,023,922  

Marico Ltd.

     291,437        1,971,136  

Mrs Bectors Food Specialities Ltd.

     41,521        521,355  

Nestle India Ltd.

     8,896        2,411,107  

Patanjali Foods Ltd.

     46,245        690,073  

Tata Coffee Ltd.

     47,434        146,829  

Tata Consumer Products Ltd.

     191,355        2,020,672  

Triveni Engineering & Industries Ltd.

     467,084        2,135,707  

Vadilal Industries Ltd.

     3,117        96,393  

Venky’s India Ltd.

     7,422        174,701  

Zydus Wellness Ltd.

     1,506        28,427  
     

 

 

 
Total Food Products

 

     19,406,225  
Gas Utilities – 1.1%      

Adani Total Gas Ltd.

     15,600        115,204  

GAIL India Ltd.

     5,202,930        7,794,253  

Gujarat Gas Ltd.

     146,118        744,128  

Gujarat State Petronet Ltd.

     602,650        2,047,992  

Indraprastha Gas Ltd.

     343,762        1,882,922  

Mahanagar Gas Ltd.

     116,410        1,442,276  
     

 

 

 
Total Gas Utilities

 

     14,026,775  
Ground Transportation – 0.1%      

Container Corp. of India Ltd.

     146,177        1,260,723  

VRL Logistics Ltd.

     19,636        170,488  
     

 

 

 
Total Ground Transportation

 

     1,431,211  
Health Care Equipment & Supplies – 0.0%

 

  

Poly Medicure Ltd.

     13,185        218,183  
Health Care Providers & Services – 0.5%      

Apollo Hospitals Enterprise Ltd.

     26,179        1,619,691  

Aster DM Healthcare Ltd.*(a)

     123,662        488,297  

Dr. Lal PathLabs Ltd.(a)

     6,884        209,265  

Fortis Healthcare Ltd.

     223,024        913,004  

Krsnaa Diagnostics Ltd.

     1,979        16,239  

Max Healthcare Institute Ltd.

     334,260        2,283,915  

Metropolis Healthcare Ltd.(a)

     27,666        486,346  

Narayana Hrudayalaya Ltd.

     34,287        448,193  

Rainbow Children’s Medicare Ltd.

     993        12,297  

Thyrocare Technologies Ltd.(a)

     25,676        175,716  

Vijaya Diagnostic Centre Pvt Ltd.

     906        5,446  
     

 

 

 
Total Health Care Providers & Services

 

     6,658,409  
Hotels, Restaurants & Leisure – 0.3%      

Delta Corp. Ltd.

     320        550  

Devyani International Ltd.*

     82,268        212,354  

Easy Trip Planners Ltd.*

     390,924        190,893  

EIH Ltd.

     50,764        136,353  

Indian Hotels Co. Ltd.

     331,954        1,643,355  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Schedule of Investments (unaudited) (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2023

 

 

 

Investments    Shares      Value  

Jubilant Foodworks Ltd.

     167,990      $ 1,078,446  

Lemon Tree Hotels Ltd.*(a)

     82,385        112,851  

Mahindra Holidays & Resorts India Ltd.*

     1,725        8,228  

Sapphire Foods India Ltd.*

     30,364        531,435  

Westlife Foodworld Ltd.

     12,795        144,042  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     4,058,507  
Household Durables – 0.3%      

Amber Enterprises India Ltd.*

     508        18,210  

Bajaj Electricals Ltd.

     4        53  

Crompton Greaves Consumer Electricals Ltd.

     377,208        1,407,468  

Dixon Technologies India Ltd.

     13,298        847,006  

LA Opala RG Ltd.

     9,027        46,765  

Orient Electric Ltd.

     77,405        206,793  

Symphony Ltd.

     12,040        127,582  

TTK Prestige Ltd.

     26,761        252,395  

Whirlpool of India Ltd.

     24,887        487,019  
     

 

 

 
Total Household Durables

 

     3,393,291  
Household Products – 0.0%      

Jyothy Labs Ltd.

     48,561        210,814  
Independent Power & Renewable Electricity Producers – 3.1%

 

Adani Green Energy Ltd.*

     52,049        618,731  

Adani Power Ltd.*

     1,359,757        6,180,546  

JSW Energy Ltd.

     320,668        1,689,042  

KPI Green Energy Ltd.(a)

     9,010        89,285  

NHPC Ltd.

     6,466,152        4,111,364  

NLC India Ltd.

     152,357        247,595  

NTPC Ltd.

     9,385,254        27,751,860  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     40,688,423  
Industrial Conglomerates – 0.4%      

Apar Industries Ltd.

     14,007        923,927  

Godrej Industries Ltd.*

     57,804        396,526  

Nava Ltd.

     369,770        2,013,355  

Siemens Ltd.

     35,244        1,558,666  
     

 

 

 
Total Industrial Conglomerates

 

     4,892,474  
Insurance – 1.1%      

General Insurance Corp. of India(a)

     857,111        2,326,468  

HDFC Life Insurance Co. Ltd.(a)

     198,638        1,524,687  

ICICI Lombard General Insurance Co. Ltd.(a)

     183,846        2,899,228  

ICICI Prudential Life Insurance Co. Ltd.(a)

     113,191        771,770  

Life Insurance Corp. of India

     425,294        3,327,681  

Max Financial Services Ltd.*

     60,264        660,216  

New India Assurance Co. Ltd.(a)

     421,174        712,597  

SBI Life Insurance Co. Ltd.(a)

     119,909        1,884,957  

Star Health & Allied Insurance Co. Ltd.*

     34,363        248,677  
     

 

 

 
Total Insurance

 

     14,356,281  
Interactive Media & Services – 0.1%      

Brightcom Group Ltd.

     3,626,189        825,312  

Just Dial Ltd.*

     85,481        750,830  
     

 

 

 
Total Interactive Media & Services

 

     1,576,142  
IT Services – 12.0%      

Cigniti Technologies Ltd.

     51        481  

Coforge Ltd.

     26,767      1,645,337  

Happiest Minds Technologies Ltd.

     786        8,280  

HCL Technologies Ltd.

     1,258,641        18,715,637  

Infosys Ltd.

     3,804,928        65,771,937  

LTIMindtree Ltd.(a)

     56,933        3,571,868  

Mphasis Ltd.

     101,969        2,918,303  

Persistent Systems Ltd.

     32,949        2,300,007  

Sonata Software Ltd.

     99,095        1,262,297  

Tata Consultancy Services Ltd.

     910,399        38,684,797  

Tech Mahindra Ltd.

     718,696        10,582,951  

Wipro Ltd.

     1,788,968        8,747,586  

Zensar Technologies Ltd.

     181,571        1,131,303  
     

 

 

 
Total IT Services

 

     155,340,784  
Life Sciences Tools & Services – 0.3%      

Divi’s Laboratories Ltd.

     57,119        2,589,817  

Syngene International Ltd.(a)

     83,326        806,907  

Tarsons Products Ltd.*

     68,089        431,289  
     

 

 

 
Total Life Sciences Tools & Services

 

     3,828,013  
Machinery – 0.9%      

AIA Engineering Ltd.

     39,712        1,679,844  

Ashok Leyland Ltd.

     622,019        1,325,815  

Cochin Shipyard Ltd.(a)

     65,217        852,308  

Cummins India Ltd.

     109,112        2,228,852  

Elgi Equipments Ltd.

     127,295        783,318  

Escorts Kubota Ltd.

     22,762        873,051  

Grindwell Norton Ltd.

     17,142        429,091  

Hle Glascoat Ltd.

     13,170        88,964  

ISGEC Heavy Engineering Ltd.

     5,442        47,673  

Jamna Auto Industries Ltd.

     274,764        386,960  

Kirloskar Brothers Ltd.

     39        394  

Kirloskar Oil Engines Ltd.

     21,613        140,519  

LG Balakrishnan & Bros Ltd.

     20,864        267,241  

Schaeffler India Ltd.

     9,229        368,410  

SKF India Ltd.

     19,839        1,221,189  

Thermax Ltd.

     28,118        1,053,224  

Timken India Ltd.

     11,285        420,667  
     

 

 

 
Total Machinery

 

     12,167,520  
Marine Transportation – 0.1%      

Shipping Corp. of India Ltd.*

     519,128        166,601  

Shipping Corp. of India Ltd.

     676,340        1,189,116  
     

 

 

 
Total Marine Transportation

 

     1,355,717  
Media – 0.1%      

Affle India Ltd.*

     24,896        331,852  

Hathway Cable & Datacom Ltd.*

     24,642        5,935  

Sun TV Network Ltd.

     107,186        790,136  

TV18 Broadcast Ltd.*

     560,109        294,417  

Zee Entertainment Enterprises Ltd.*

     143,724        457,871  
     

 

 

 
Total Media

 

     1,880,211  
Metals & Mining – 7.1%      

APL Apollo Tubes Ltd.

     94,338        1,846,062  

Godawari Power & Ispat Ltd.

     19,690        150,222  

Hindalco Industries Ltd.

     3,774,528        22,392,741  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2023

 

 

 

Investments    Shares      Value  

Hindustan Zinc Ltd.

     516,629      $ 1,920,221  

Jindal Saw Ltd.

     261,765        1,092,562  

Jindal Stainless Ltd.

     613,291        3,514,332  

Jindal Steel & Power Ltd.

     558,532        4,717,251  

JSW Steel Ltd.

     624,553        5,863,369  

Kirloskar Ferrous Industries Ltd.

     96,368        557,380  

Maharashtra Seamless Ltd.

     20,853        154,236  

Maithan Alloys Ltd.

     10,240        127,789  

Mishra Dhatu Nigam Ltd.(a)

     3,483        17,142  

National Aluminium Co. Ltd.

     2,442,405        2,858,841  

NMDC Ltd.

     4,414,120        7,864,393  

Ramkrishna Forgings Ltd.

     63,962        495,844  

Ratnamani Metals & Tubes Ltd.

     17,123        536,271  

Sandur Manganese & Iron Ores Ltd.

     35,906        652,970  

Sarda Energy & Minerals Ltd.

     420,994        1,116,854  

Shyam Metalics & Energy Ltd.

     1,956        10,397  

Steel Authority of India Ltd.

     2,767,419        3,127,630  

Sunflag Iron & Steel Co. Ltd.*

     177,818        426,765  

Surya Roshni Ltd.

     62,548        739,508  

Tata Metaliks Ltd.

     67,350        781,724  

Tata Steel Ltd.

     12,804,780        19,876,099  

Tinplate Co. of India Ltd.

     152,910        741,521  

Usha Martin Ltd.

     228,961        947,924  

Vedanta Ltd.

     3,139,233        8,413,124  

Welspun Corp. Ltd.

     226,643        1,074,109  
     

 

 

 
Total Metals & Mining

 

     92,017,281  
Office REITs – 0.0%      

Mindspace Business Parks REIT(a)

     26,087        98,236  
Oil, Gas & Consumable Fuels – 16.1%      

Aegis Logistics Ltd.

     296,537        1,176,274  

Bharat Petroleum Corp. Ltd.

     888,865        3,709,971  

Coal India Ltd.

     8,886,102        31,588,847  

Great Eastern Shipping Co. Ltd.

     519,272        5,297,695  

Hindustan Oil Exploration Co. Ltd.*

     34,396        71,533  

Indian Oil Corp. Ltd.

     8,270,737        9,058,432  

Mangalore Refinery & Petrochemicals Ltd.*

     339,403        390,733  

Investments

     Shares        Value  

Oil & Natural Gas Corp. Ltd.

     16,159,575        37,333,427  

Oil India Ltd.

     2,770,876        9,971,867  

Petronet LNG Ltd.

     1,993,894        5,761,412  

Reliance Industries Ltd.

     3,706,580        104,670,030  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     209,030,221  
Paper & Forest Products – 0.2%      

Century Plyboards India Ltd.

     59,118        460,820  

Century Textiles & Industries Ltd.

     478        6,430  

JK Paper Ltd.

     223,007        1,055,266  

Tamil Nadu Newsprint & Papers Ltd.

     5,709        18,201  

West Coast Paper Mills Ltd.

     81,454        689,857  
     

 

 

 
Total Paper & Forest Products

 

     2,230,574  
Personal Care Products – 1.5%      

Bajaj Consumer Care Ltd.

     2,583        7,005  

Colgate-Palmolive India Ltd.

     78,634        1,899,109  

Dabur India Ltd.

     233,619      1,551,810  

Emami Ltd.

     121,296        786,499  

Godrej Consumer Products Ltd.*

     199,520        2,382,479  

Hindustan Unilever Ltd.

     416,636        12,370,451  
     

 

 

 
Total Personal Care Products

 

     18,997,353  
Pharmaceuticals – 3.8%      

Aarti Drugs Ltd.

     119,478        780,609  

Aarti Pharmalabs Ltd.*

     21,012        116,888  

Aether Industries Ltd.*

     11,584        135,096  

Ajanta Pharma Ltd.

     21,652        469,302  

Alembic Pharmaceuticals Ltd.

     92,264        871,573  

Alkem Laboratories Ltd.

     21,376        928,210  

AMI Organics Ltd.

     2,190        32,524  

Aurobindo Pharma Ltd.

     352,081        3,876,691  

Caplin Point Laboratories Ltd.

     638        7,920  

Cipla Ltd.

     372,777        5,324,696  

Dr. Reddy’s Laboratories Ltd.

     154,463        10,392,242  

FDC Ltd.*

     31,650        146,223  

Gland Pharma Ltd.*(a)

     50,282        1,014,283  

GlaxoSmithKline Pharmaceuticals Ltd.

     35,832        668,064  

Glenmark Life Sciences Ltd.

     21,008        156,331  

Glenmark Pharmaceuticals Ltd.

     131,556        1,355,304  

Granules India Ltd.

     220,914        943,739  

Hikal Ltd.

     39,605        140,886  

Indoco Remedies Ltd.

     428        1,747  

IOL Chemicals & Pharmaceuticals Ltd.

     86,700        497,651  

Ipca Laboratories Ltd.

     82,215        926,340  

JB Chemicals & Pharmaceuticals Ltd.

     36,574        652,764  

Laurus Labs Ltd.(a)

     383,443        1,825,760  

Lupin Ltd.

     16,337        230,424  

Marksans Pharma Ltd.

     6,048        8,015  

Natco Pharma Ltd.

     93,764        985,783  

Neuland Laboratories Ltd.

     13,188        585,749  

Sun Pharmaceutical Industries Ltd.

     867,132        12,098,836  

Supriya Lifescience Ltd.

     49,827        168,548  

Suven Pharmaceuticals Ltd.*

     159,939        1,081,170  

Torrent Pharmaceuticals Ltd.

     44,352        1,030,325  

Zydus Lifesciences Ltd.

     308,032        2,281,272  
     

 

 

 
Total Pharmaceuticals

 

     49,734,965  
Professional Services – 0.3%      

Computer Age Management Services Ltd.

     16,705        505,035  

Datamatics Global Services Ltd.

     2,656        19,306  

eClerx Services Ltd.

     28,837        625,678  

Firstsource Solutions Ltd.

     693,807        1,399,875  

L&T Technology Services Ltd.(a)

     22,082        1,216,818  

Quess Corp. Ltd.(a)

     77,816        391,838  

RITES Ltd.

     24,100        142,932  

TeamLease Services Ltd.*

     5,851        183,056  
     

 

 

 
Total Professional Services

 

     4,484,538  
Real Estate Management & Development – 0.7%

 

  

Brigade Enterprises Ltd.

     26,466        180,979  

DLF Ltd.

     360,695        2,305,998  

Godrej Properties Ltd.*

     27,026        505,786  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Schedule of Investments (unaudited) (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2023

 

 

 

Investments    Shares      Value  

Macrotech Developers Ltd.(a)

     12,601      $ 121,388  

Mahindra Lifespace Developers Ltd.

     1,302        8,624  

NESCO Ltd.

     33,973        280,915  

Oberoi Realty Ltd.

     131,457        1,827,374  

Phoenix Mills Ltd.

     84,036        1,836,084  

Prestige Estates Projects Ltd.

     163,873        1,189,166  

Sobha Ltd.

     61,573        523,222  
     

 

 

 
Total Real Estate Management & Development

 

     8,779,536  
Semiconductors & Semiconductor Equipment – 0.0%

 

  

Borosil Renewables Ltd.*

     2,139        11,044  
Software – 0.6%      

Birlasoft Ltd.

     217,239        1,264,462  

Cyient Ltd.

     90,196        1,840,279  

Intellect Design Arena Ltd.

     4,340        36,914  

KPIT Technologies Ltd.

     56,419        782,883  

Newgen Software Technologies Ltd.

     72,782        789,292  

Oracle Financial Services Software Ltd.

     43,473        2,152,075  

Route Mobile Ltd.

     1,739        33,308  

Tanla Platforms Ltd.

     2,000        24,990  

Tata Elxsi Ltd.

     12,519        1,089,539  
     

 

 

 
Total Software

 

     8,013,742  
Specialized REITs – 0.0%      

Digidrive Distributors Ltd.*

     34,399        37,178  
Specialty Retail – 0.0%      

Go Fashion India Ltd.*

     2,361        36,070  

Metro Brands Ltd.

     11,095        150,476  

Trent Ltd.

     10,528        263,722  
     

 

 

 
Total Specialty Retail

 

     450,268  
Textiles, Apparel & Luxury Goods – 1.1%

 

  

Arvind Ltd.

     172,464        360,437  

Bata India Ltd.

     47,068        911,645  

Campus Activewear Ltd.*

     51,010        177,341  

Gokaldas Exports Ltd.

     31,369        286,922  

Indo Count Industries Ltd.

     3,829        10,303  

Kalyan Jewellers India Ltd.

     27,080        74,205  

KPR Mill Ltd.

     71,949        652,504  

LUX Industries Ltd.

     41,674        748,731  

Monte Carlo Fashions Ltd.

     19,733        189,426  

Page Industries Ltd.

     2,099        985,247  

Rajesh Exports Ltd.*

     335,806        2,030,415  

Raymond Ltd.

     18,944        412,512  

Relaxo Footwears Ltd.

     75,274        816,408  

Rupa & Co. Ltd.

     41,020        128,433  

Siyaram Silk Mills Ltd.

     33,250        228,290  

Titan Co. Ltd.

     111,636        4,233,070  

Trident Ltd.

     638,360        289,425  

Vaibhav Global Ltd.

     4,818        25,549  

Vardhman Textiles Ltd.

     149,771        673,003  

Vedant Fashions Ltd.

     16,430        264,837  

VIP Industries Ltd.

     9,060        71,587  

Welspun India Ltd.

     520,912        761,847  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     14,332,137  
Tobacco – 1.1%      

Godfrey Phillips India Ltd.

     11,734      307,688  

ITC Ltd.

     2,694,543        14,420,001  
     

 

 

 
Total Tobacco

 

     14,727,689  
Trading Companies & Distributors – 0.2%      

Adani Enterprises Ltd.

     71,602        2,081,376  

IndiaMart InterMesh Ltd.(a)

     7,736        267,952  

MMTC Ltd.*

     263,237        185,125  

MSTC Ltd.

     46,891        243,289  
     

 

 

 
Total Trading Companies & Distributors

 

     2,777,742  
Transportation Infrastructure – 0.5%      

Adani Ports & Special Economic Zone Ltd.

     654,437        6,502,897  

Dreamfolks Services Ltd.

     18,500        112,304  

Gujarat Pipavav Port Ltd.

     166,822        249,606  
     

 

 

 
Total Transportation Infrastructure

 

     6,864,807  
Wireless Telecommunication Services – 0.9%      

Bharti Airtel Ltd.

     1,044,744        11,655,061  

TOTAL COMMON STOCKS

(Cost: $920,774,496)

 

 

     1,323,009,975  
EXCHANGE-TRADED FUND –0.0%      
United States – 0.0%      

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

 

(Cost: $26,901)      1,100        36,927  

TOTAL INVESTMENTS IN SECURITIES – 101.8%

(Cost: $920,801,397)

 

 

     1,323,046,902  

Other Assets less Liabilities – (1.8)%

 

     (23,910,528
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,299,136,374  
* 

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 $203,785, which represents 0.02% 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) 

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

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Schedule of Investments (unaudited) (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

September 30, 2023

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2023 were as follows:

 

Affiliate   Value at
3/31/2023
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
9/30/2023
    Dividend
Income
 

WisdomTree India ex-State-Owned Enterprises Fund

  $ 32,913     $     $     $     $ 4,014     $ 36,927     $ 99  

 

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

           

Construction & Engineering

   $ 30,072,991      $      $ 6 *     $ 30,072,997  

Marine Transportation

     1,189,116               166,601 *       1,355,717  

Specialized REITs

                   37,178 *       37,178  

Other

     1,291,544,083                      1,291,544,083  

Exchange-Traded Fund

     36,927                      36,927  

Total Investments in Securities

   $ 1,322,843,117      $      $ 203,785      $ 1,323,046,902  

 

* 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Schedule of Investments (unaudited)

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

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 103.2%      
India – 103.2%      
Automobile Components – 3.0%      

Apollo Tyres Ltd.

     2,666      $ 11,835  

Balkrishna Industries Ltd.

     647        19,929  

Bharat Forge Ltd.

     1,918        25,213  

Bosch Ltd.

     73        16,720  

Motherson Sumi Wiring India Ltd.

     15,084        11,707  

MRF Ltd.

     20        25,842  

Samvardhana Motherson International Ltd.

     16,681        19,284  

Sona Blw Precision Forgings Ltd.(a)

     3,034        21,315  

Sundram Fasteners Ltd.

     833        12,641  

Tube Investments of India Ltd.

     832        29,940  

UNO Minda Ltd.

     1,560        11,261  
     

 

 

 
Total Automobile Components

 

     205,687  
Automobiles – 8.4%      

Bajaj Auto Ltd.

     580        35,367  

Eicher Motors Ltd.

     1,229        51,015  

Hero MotoCorp Ltd.

     1,065        39,209  

Mahindra & Mahindra Ltd.

     8,165        152,821  

Maruti Suzuki India Ltd.

     1,100        140,553  

Tata Motors Ltd.

     14,919        113,220  

TVS Motor Co. Ltd.

     1,866        34,196  
     

 

 

 
Total Automobiles

 

     566,381  
Banks – 15.1%      

AU Small Finance Bank Ltd.(a)

     2,875        24,702  

Axis Bank Ltd.

     21,050        262,792  

Bandhan Bank Ltd.(a)

     6,477        19,624  

Federal Bank Ltd.

     12,465        22,096  

ICICI Bank Ltd.

     41,696        477,960  

IDFC First Bank Ltd.*

     23,119        26,588  

Kotak Mahindra Bank Ltd.

     8,946        186,986  
     

 

 

 
Total Banks

 

     1,020,748  
Beverages – 1.4%      

Radico Khaitan Ltd.

     666        9,655  

United Breweries Ltd.

     609        11,418  

United Spirits Ltd.*

     2,616        31,731  

Varun Beverages Ltd.

     3,834        43,663  
     

 

 

 
Total Beverages

 

     96,467  
Biotechnology – 0.2%      

Biocon Ltd.

     3,739        12,256  
Building Products – 0.5%      

Astral Ltd.

     1,071        24,665  

Kajaria Ceramics Ltd.

     718        11,432  
     

 

 

 
Total Building Products

 

     36,097  
Capital Markets – 0.6%      

HDFC Asset Management Co. Ltd.(a)

     749        23,879  

IDFC Ltd.

     9,782        15,178  
     

 

 

 
Total Capital Markets

 

     39,057  
Chemicals – 5.4%      

Aarti Industries Ltd.

     1,601        9,474  

Asian Paints Ltd.

     3,850      146,554  

Atul Ltd.

     145        12,302  

Berger Paints India Ltd.*

     408        2,794  

Berger Paints India Ltd.

     2,039        13,968  

Carborundum Universal Ltd.

     874        12,388  

Coromandel International Ltd.

     1,015        14,011  

Deepak Nitrite Ltd.

     555        14,172  

Gujarat Fluorochemicals Ltd.

     300        11,018  

Navin Fluorine International Ltd.

     279        12,655  

PI Industries Ltd.

     685        28,484  

Solar Industries India Ltd.

     195        11,318  

SRF Ltd.

     1,197        32,424  

Supreme Industries Ltd.

     593        29,432  

Tata Chemicals Ltd.

     1,214        15,075  
     

 

 

 
Total Chemicals

 

     366,069  
Construction & Engineering – 0.3%      

Voltas Ltd.

     1,932        20,085  
Construction Materials – 4.3%      

ACC Ltd.

     746        18,077  

Ambuja Cements Ltd.

     6,245        31,947  

Dalmia Bharat Ltd.

     726        21,020  

Grasim Industries Ltd.

     3,140        73,447  

JK Cement Ltd.

     286        10,950  

Ramco Cements Ltd.

     1,163        12,747  

Shree Cement Ltd.

     85        26,066  

UltraTech Cement Ltd.

     978        97,220  
     

 

 

 
Total Construction Materials

 

     291,474  
Consumer Staples Distribution & Retail – 0.8%      

Avenue Supermarts Ltd.*(a)

     1,221        54,044  
Diversified Telecommunication Services – 0.2%      

Indus Towers Ltd.*

     6,320        14,590  
Electrical Equipment – 1.6%      

ABB India Ltd.

     411        20,284  

CG Power & Industrial Solutions Ltd.

     4,868        25,922  

Havells India Ltd.

     2,214        37,031  

Polycab India Ltd.

     359        23,099  
     

 

 

 
Total Electrical Equipment

 

     106,336  
Electronic Equipment, Instruments & Components – 0.3%

 

Honeywell Automation India Ltd.

     20        9,599  

Redington Ltd.

     4,849        9,039  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     18,638  
Entertainment – 0.2%      

PVR Inox Ltd.*

     552        11,413  
Financial Services – 1.8%      

Bajaj Finserv Ltd.

     3,131        58,074  

Jio Financial Services Ltd.*

     22,301        62,089  
     

 

 

 
Total Financial Services

 

     120,163  
Food Products – 3.5%      

Britannia Industries Ltd.

     1,017        55,566  

Marico Ltd.

     4,509        30,497  

Nestle India Ltd.

     305        82,665  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

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

September 30, 2023

 

 

 

Investments    Shares      Value  

Patanjali Foods Ltd.

     716      $ 10,684  

Tata Consumer Products Ltd.

     5,435        57,393  
     

 

 

 
Total Food Products

 

     236,805  
Gas Utilities – 0.4%      

Adani Total Gas Ltd.

     2,282        16,852  

Gujarat Gas Ltd.

     1,645        8,378  
     

 

 

 
Total Gas Utilities

 

     25,230  
Health Care Providers & Services – 1.8%      

Apollo Hospitals Enterprise Ltd.

     855        52,899  

Dr. Lal PathLabs Ltd.(a)

     267        8,116  

Fortis Healthcare Ltd.

     4,295        17,583  

Max Healthcare Institute Ltd.

     6,068        41,461  
     

 

 

 
Total Health Care Providers & Services

 

     120,059  
Hotels, Restaurants & Leisure – 1.6%      

Indian Hotels Co. Ltd.

     7,370        36,486  

Jubilant Foodworks Ltd.

     2,938        18,861  

Zomato Ltd.*

     41,222        50,385  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     105,732  
Household Durables – 0.5%      

Crompton Greaves Consumer Electricals Ltd.

     5,012        18,701  

Dixon Technologies India Ltd.

     276        17,580  
     

 

 

 
Total Household Durables

 

     36,281  
Independent Power & Renewable Electricity Producers – 0.6%

 

Adani Green Energy Ltd.*

     3,330        39,585  
Industrial Conglomerates – 0.5%      

Siemens Ltd.

     744        32,903  
Insurance – 2.1%      

HDFC Life Insurance Co. Ltd.(a)

     8,159        62,626  

ICICI Lombard General Insurance Co. Ltd.(a)

     2,023        31,902  

ICICI Prudential Life Insurance Co. Ltd.(a)

     3,490        23,796  

Max Financial Services Ltd.*

     1,916        20,991  
     

 

 

 
Total Insurance

 

     139,315  
Interactive Media & Services – 0.4%      

Info Edge India Ltd.

     596        29,895  
IT Services – 12.4%      

Coforge Ltd.

     402        24,710  

HCL Technologies Ltd.

     8,717        129,619  

Infosys Ltd.

     29,031        501,830  

Mphasis Ltd.

     669        19,146  

Persistent Systems Ltd.

     391        27,294  

Tech Mahindra Ltd.

     5,267        77,558  

Wipro Ltd.

     11,292        55,215  
     

 

 

 
Total IT Services

 

     835,372  
Life Sciences Tools & Services – 0.7%      

Divi’s Laboratories Ltd.

     1,075        48,741  
Machinery – 1.6%      

Ashok Leyland Ltd.

     12,286        26,187  

Cummins India Ltd.

     1,117        22,817  

Elgi Equipments Ltd.

     1,795        11,046  

Grindwell Norton Ltd.

     394      9,862  

Schaeffler India Ltd.

     318        12,694  

SKF India Ltd.

     192        11,819  

Thermax Ltd.

     333        12,473  
     

 

 

 
Total Machinery

 

     106,898  
Media – 0.4%      

Zee Entertainment Enterprises Ltd.*

     7,609        24,240  
Metals & Mining – 3.3%      

APL Apollo Tubes Ltd.

     1,394        27,278  

JSW Steel Ltd.

     7,577        71,134  

Tata Steel Ltd.

     64,930        100,787  

Vedanta Ltd.

     8,640        23,155  
     

 

 

 
Total Metals & Mining

 

     222,354  
Oil, Gas & Consumable Fuels – 9.2%      

Reliance Industries Ltd.

     22,131        624,957  
Passenger Airlines – 0.4%      

InterGlobe Aviation Ltd.*(a)

     892        25,578  
Personal Care Products – 5.2%      

Colgate-Palmolive India Ltd.

     1,149        27,750  

Dabur India Ltd.

     5,412        35,949  

Emami Ltd.

     1,820        11,801  

Godrej Consumer Products Ltd.*

     3,460        41,316  

Hindustan Unilever Ltd.

     7,846        232,958  
     

 

 

 
Total Personal Care Products

 

     349,774  
Pharmaceuticals – 5.7%      

Aarti Pharmalabs Ltd.*

     374        2,080  

Alkem Laboratories Ltd.

     305        13,244  

Aurobindo Pharma Ltd.

     2,237        24,631  

Cipla Ltd.

     4,535        64,777  

Dr. Reddy’s Laboratories Ltd.

     1,028        69,164  

Ipca Laboratories Ltd.

     1,116        12,574  

Laurus Labs Ltd.(a)

     2,970        14,142  

Lupin Ltd.

     2,010        28,350  

Sun Pharmaceutical Industries Ltd.

     8,836        123,286  

Torrent Pharmaceuticals Ltd.

     770        17,888  

Zydus Lifesciences Ltd.

     1,980        14,664  
     

 

 

 
Total Pharmaceuticals

 

     384,800  
Professional Services – 0.1%      

Computer Age Management Services Ltd.

     281        8,495  
Real Estate Management & Development – 1.5%

 

DLF Ltd.

     5,218        33,360  

Godrej Properties Ltd.*

     1,006        18,827  

Macrotech Developers Ltd.(a)

     1,942        18,707  

Oberoi Realty Ltd.

     1,042        14,485  

Phoenix Mills Ltd.

     788        17,217  
     

 

 

 
Total Real Estate Management & Development

 

     102,596  
Software – 0.6%      

KPIT Technologies Ltd.

     1,321        18,331  

Tata Elxsi Ltd.

     293        25,500  
     

 

 

 
Total Software

 

     43,831  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Schedule of Investments (unaudited) (concluded)

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

September 30, 2023

 

 

 

Investments    Shares      Value  
Specialty Retail – 0.7%      

Aditya Birla Fashion & Retail Ltd.*

     3,122      $ 8,055  

Trent Ltd.

     1,477        36,998  
     

 

 

 
Total Specialty Retail

 

     45,053  
Textiles, Apparel & Luxury Goods – 2.4%      

Bata India Ltd.

     538        10,420  

Page Industries Ltd.

     49        23,000  

Titan Co. Ltd.

     3,373        127,899  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     161,319  
Transportation Infrastructure – 0.2%      

GMR Airports Infrastructure Ltd.*

     20,660        14,816  
Wireless Telecommunication Services – 3.3%      

Bharti Airtel Ltd.

     20,119      224,446  

TOTAL INVESTMENTS IN SECURITIES – 103.2%

(Cost: $5,268,741)

        6,968,580  

Other Assets less Liabilities – (3.2)%

        (218,384
     

 

 

 
NET ASSETS – 100.0%             $ 6,750,196  
* 

Non-income producing security.

 

(a) 

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

 

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

   $ 6,968,580      $      $      $ 6,968,580  

Total Investments in Securities

   $ 6,968,580      $      $      $ 6,968,580  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Schedule of Investments (unaudited)

WisdomTree New Economy Real Estate Fund (WTRE)

September 30, 2023

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
Australia – 7.3%      

Dexus(a)

     50,232      $ 236,664  

Goodman Group

     72,855        1,008,592  

NEXTDC Ltd.*(a)

     24,674        197,306  
     

 

 

 
Total Australia

 

     1,442,562  
Belgium – 1.3%      

Warehouses De Pauw CVA

     10,355        256,981  
Canada – 2.3%      

Allied Properties Real Estate Investment Trust

     5,871        77,860  

Dream Industrial Real Estate Investment Trust

     18,874        179,247  

Granite Real Estate Investment Trust

     3,847        205,098  
     

 

 

 
Total Canada

 

     462,205  
China – 0.9%      

China Aoyuan Group Ltd.*

     234,000        7,022  

ESR Group Ltd.(b)

     126,800        178,093  
     

 

 

 
Total China

 

     185,115  
Italy – 1.3%      

Infrastrutture Wireless Italiane SpA(a)(b)

     20,669        246,515  
Japan – 4.8%      

Activia Properties, Inc.

     35        96,750  

GLP J-REIT

     284        254,453  

Japan Logistics Fund, Inc.

     45        87,422  

LaSalle Logiport REIT

     125        120,120  

Mitsui Fudosan Logistics Park, Inc.

     35        110,471  

Nippon Prologis REIT, Inc.

     145        271,295  
     

 

 

 
Total Japan

 

     940,511  
Singapore – 6.0%      

CapitaLand Ascendas REIT

     190,236        383,287  

Frasers Logistics & Commercial Trust

     158,100        123,941  

Keppel DC REIT

     83,100        126,638  

Keppel REIT

     105,600        66,150  

Mapletree Industrial Trust

     139,609        231,164  

Mapletree Logistics Trust

     203,858        250,921  
     

 

 

 
Total Singapore

 

     1,182,101  
Spain – 5.2%      

Cellnex Telecom SA*(a)(b)

     29,319        1,023,438  
Sweden – 1.8%      

Fabege AB(a)

     12,024        96,642  

Sagax AB, Class B

     13,521        259,488  
     

 

 

 
Total Sweden

 

     356,130  
United Kingdom – 5.8%      

Derwent London PLC

     5,122        120,469  

LondonMetric Property PLC

     50,286        105,568  

Segro PLC

     81,593        716,438  

Tritax Big Box REIT PLC

     114,908        196,071  
     

 

 

 
Total United Kingdom

 

     1,138,546  
United States – 62.6%      

Airbnb, Inc., Class A*

     6,147        843,430  

Alexandria Real Estate Equities, Inc.

     7,487        749,449  

American Tower Corp.

     4,977      818,468  

Americold Realty Trust, Inc.

     18,031        548,323  

COPT Defense Properties

     7,493        178,558  

Cousins Properties, Inc.

     10,160        206,959  

Crown Castle, Inc.

     9,072        834,896  

Digital Realty Trust, Inc.

     6,894        834,312  

DigitalBridge Group, Inc.

     10,730        188,633  

Douglas Emmett, Inc.(a)

     9,516        121,424  

EastGroup Properties, Inc.

     2,159        359,538  

Equinix, Inc.

     1,163        844,640  

Healthpeak Properties, Inc.

     36,496        670,066  

Iron Mountain, Inc.

     17,398        1,034,311  

JBG SMITH Properties

     4,807        69,509  

Kilroy Realty Corp.

     7,018        221,839  

LXP Industrial Trust

     13,523        120,355  

Prologis, Inc.

     7,303        819,470  

Rexford Industrial Realty, Inc.

     13,739        678,020  

SBA Communications Corp.

     3,855        771,655  

Terreno Realty Corp.

     5,491        311,889  

Ventas, Inc.

     26,743        1,126,683  
     

 

 

 
Total United States

 

     12,352,427  

TOTAL COMMON STOCKS

(Cost: $25,662,784)

 

 

     19,586,531  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.8%

 

United States – 5.8%      

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

     
(Cost: $1,147,444)      1,147,444        1,147,444  

TOTAL INVESTMENTS IN SECURITIES – 105.1%

(Cost: $26,810,228)

        20,733,975  

Other Assets less Liabilities – (5.1)%

        (1,001,386
     

 

 

 
NET ASSETS – 100.0%

 

   $ 19,732,589  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2023 (See Note 2). At September 30, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,341,092 and the total market value of the collateral held by the Fund was $1,406,570. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $259,126.

 

(b) 

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

 

(c) 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Schedule of Investments (unaudited) (concluded)

WisdomTree New Economy Real Estate Fund (WTRE)

September 30, 2023

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to be
Purchased
    Amount and
Description of
Currency to be
Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America NA

    10/3/2023       1,927       USD       15,087       HKD     $ 1     $  

 

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

   $ 19,586,531      $      $      $ 19,586,531  

Investment of Cash Collateral for Securities Loaned

            1,147,444               1,147,444  

Total Investments in Securities

   $ 19,586,531      $ 1,147,444      $      $ 20,733,975  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 1      $      $ 1  

Total – Net

   $ 19,586,531      $ 1,147,445      $      $ 20,733,976  
1 

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

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

September 30, 2023

 

 

 

      WisdomTree
China
ex-State-Owned
Enterprises
Fund
     WisdomTree
Emerging Markets
ex-State-Owned
Enterprises
Fund
     WisdomTree
Emerging Markets
High Dividend Fund
     WisdomTree
Emerging
Markets
Multifactor
Fund
     WisdomTree
Emerging
Markets
Quality
Dividend
Growth Fund
 

ASSETS:

              

Investments, at cost

   $ 830,381,609      $ 2,170,396,641      $ 2,513,449,096      $ 4,475,016      $ 92,981,375  

Investment in affiliates, at cost (Note 3)

                   936,039                

Foreign currency, at cost

            975,873        4,198,918        2,590        157,188  

Investments in securities, at value1,2 (Note 2)

     612,623,813        2,043,998,896        2,526,361,746        4,589,869        101,221,742  

Investment in affiliates, at value (Note 3)

                   896,216                

Cash

     347,176        2,950,666        484,012        203        301,707  

Foreign currency, at value

     17,620        872,032        4,080,818        5,699        129,589  

Unrealized appreciation on foreign currency contracts

                          66,753        555  

Receivables:

 

Investment securities sold

            3,714,820               15        33,988  

Dividends

     806,879        2,247,942        10,881,408        6,920        239,839  

Securities lending income

     43,657        79,493        192,617        85        1,935  

Interest

            2,172                      109  

Foreign tax reclaims

            64,772        117,350        303        2,766  

Foreign capital gains tax refund

            184,854        1,109,857        1,254         

Other (Note 6)

                   28,807                

Total Assets

     613,839,145        2,054,115,647        2,544,152,831        4,671,101        101,932,230  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

                   237        21,710         

Payables:

              

Cash collateral received for securities loaned (Note 2)

     11,469,536        18,574,568        21,623,665        40,796        1,437,125  

Investment securities purchased

                          16,927         

Advisory fees (Note 3)

     161,180        551,031        1,322,003        1,818        26,710  

Service fees (Note 2)

     2,216        7,577        9,239        17        367  

Foreign capital gains tax

            9,202,380        4,110,293        10,651        679,715  

Other (Note 6)

                   8,642                

Total Liabilities

     11,632,932        28,335,556        27,074,079        91,919        2,143,917  

NET ASSETS

   $ 602,206,213      $ 2,025,780,091      $ 2,517,078,752      $ 4,579,182      $ 99,788,313  

NET ASSETS:

              

Paid-in capital

   $ 1,293,051,778      $ 2,917,276,851      $ 4,141,551,240      $ 5,690,741      $ 120,964,573  

Total distributable earnings (loss)

     (690,845,565      (891,496,760      (1,624,472,488      (1,111,559      (21,176,260

NET ASSETS

   $ 602,206,213      $ 2,025,780,091      $ 2,517,078,752      $ 4,579,182      $ 99,788,313  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     20,200,000        75,500,000        66,900,000        200,000        4,500,000  

Net asset value per share

   $ 29.81      $ 26.83      $ 37.62      $ 22.90      $ 22.18  

1 Includes market value of securities out on loan of:

   $ 19,455,492      $ 38,402,868      $ 79,416,268      $ 37,703      $ 2,097,614  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

September 30, 2023

 

 

 

      WisdomTree
Emerging Markets
SmallCap Dividend
Fund
     WisdomTree
Global ex-U.S.
Quality Dividend
Growth Fund
     WisdomTree
Global High
Dividend Fund
     WisdomTree
Growth
Leaders Fund
     WisdomTree
India Earnings
Fund
(consolidated)
 

ASSETS:

              

Investments, at cost

   $ 2,508,730,251      $ 571,928,746      $ 109,843,390      $ 12,418,980      $ 920,774,496  

Investment in affiliates, at cost (Note 3)

     2,156,532        431,548        143,877               26,901  

Foreign currency, at cost

     2,208,775        441,730        76,231        3,252        1,460,579  

Investments in securities, at value1,2 (Note 2)

     2,845,034,051        585,319,007        111,739,275        9,882,328        1,323,009,975  

Investment in affiliates, at value (Note 3)

     2,098,318        425,386        156,084               36,927  

Cash

     1,513,616        201,995        54,626        9,414        2,625,645  

Foreign currency, at value

     2,203,404        436,183        75,686        3,212        1,463,328  

Unrealized appreciation on foreign currency contracts

                   149                

Receivables:

 

Investment securities sold

     664,330                              

Capital shares sold

            665                       

Dividends

     5,797,940        1,142,213        342,516               493,243  

Securities lending income

     692,720        6,743        3,503        132         

Interest

                   165               558  

Foreign tax reclaims

     94,038        1,228,606        117,485                

Foreign capital gains tax refund

     326,206                             62,153  

Other (Note 6)

            33,270        852                

Total Assets

     2,858,424,623        588,794,068        112,490,341        9,895,086        1,327,691,829  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

            168                       

Payables:

              

Cash collateral received for securities loaned (Note 2)

     37,066,141        18,741,527        5,656,093        104,681         

Investment securities purchased

     500,729                              

Advisory fees (Note 3)

     1,363,863        201,811        52,187        1,701        850,453  

Service fees (Note 2)

     10,366        2,117        396        37        4,508  

Foreign capital gains tax

     6,558,537        597,529        34,209               27,700,494  

Other (Note 6)

            9,981        256                

Total Liabilities

     45,499,636        19,553,133        5,743,141        106,419        28,555,455  

NET ASSETS

   $ 2,812,924,987      $ 569,240,935      $ 106,747,200      $ 9,788,667      $ 1,299,136,374  

NET ASSETS:

              

Paid-in capital

   $ 3,224,734,197      $ 663,306,916      $ 123,000,466      $ 14,541,080      $ 945,753,397  

Total distributable earnings (loss)

     (411,809,210      (94,065,981      (16,253,266      (4,752,413      353,382,977  

NET ASSETS

   $ 2,812,924,987      $ 569,240,935      $ 106,747,200      $ 9,788,667      $ 1,299,136,374  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     60,800,000        17,000,000        2,350,000        315,000        35,200,000  

Net asset value per share

   $ 46.27      $ 33.48      $ 45.42      $ 31.08      $ 36.91  

1 Includes market value of securities out on loan of:

   $ 183,706,823      $ 28,142,142      $ 7,464,776      $ 326,615         

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Statements of Assets and Liabilities (unaudited) (concluded)

 

 

WisdomTree Trust

September 30, 2023

 

 

 

      WisdomTree
India
ex-State-Owned
Enterprises
Fund
     WisdomTree
New Economy
Real Estate
Fund
 

ASSETS:

 

Investments, at cost

   $ 5,268,741      $ 26,810,228  

Foreign currency, at cost

     114        2,172  

Investments in securities, at value1,2 (Note 2)

     6,968,580        20,733,975  

Cash

     3,557        33,468  

Foreign currency, at value

     114        2,088  

Unrealized appreciation on foreign currency contracts

            1  

Receivables:

     

Dividends

     184        71,350  

Securities lending income

            168  

Interest

     1         

Foreign tax reclaims

            48,490  

Foreign capital gains tax refund

     5,718         

Other (Note 6)

            883  

Total Assets

     6,978,154        20,890,423  

LIABILITIES:

 

Payables:

     

Cash collateral received for securities loaned (Note 2)

            1,147,444  

Advisory fees (Note 3)

     3,243        10,049  

Service fees (Note 2)

     25        76  

Foreign capital gains tax

     224,690         

Other (Note 6)

            265  

Total Liabilities

     227,958        1,157,834  

NET ASSETS

   $ 6,750,196      $ 19,732,589  

NET ASSETS:

     

Paid-in capital

   $ 5,594,940      $ 70,810,892  

Total distributable earnings (loss)

     1,155,256        (51,078,303

NET ASSETS

   $ 6,750,196      $ 19,732,589  

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     200,000        1,250,000  

Net asset value per share

   $ 33.75      $ 15.79  

1 Includes market value of securities out on loan of:

          $ 1,341,092  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months Ended September 30, 2023

 

 

 

     WisdomTree
China
ex-State-Owned
Enterprises
Fund
    WisdomTree
Emerging Markets
ex-State-Owned
Enterprises Fund
    WisdomTree
Emerging Markets
High Dividend Fund
    WisdomTree
Emerging
Markets
Multifactor
Fund
    WisdomTree
Emerging
Markets
Quality
Dividend
Growth Fund
 

INVESTMENT INCOME:

 

Dividends

  $ 8,453,137     $ 32,107,593     $ 141,339,776     $ 65,917     $ 1,821,818  

Dividends from affiliates (Note 3)

                90,102              

Interest

    3,612       18,406       43,334       477       2,133  

Non-cash dividends

    76,687             30,893             4,708  

Securities lending income, net (Note 2)

    271,486       764,063       1,159,799       397       12,192  

Less: Foreign withholding taxes on dividends

    (536,613     (4,716,851     (18,647,476     (8,734     (293,449

Total investment income

    8,268,309       28,173,211       124,016,428       58,057       1,547,402  

EXPENSES:

         

Advisory fees (Note 3)

    1,040,298       3,514,919       7,537,924       6,657       154,997  

Service fees (Note 2)

    14,304       48,330       52,645       61       2,131  

Total expenses

    1,054,602       3,563,249       7,590,569       6,718       157,128  

Expense waivers (Note 3)

                (4,732            

Net expenses

    1,054,602       3,563,249       7,585,837       6,718       157,128  

Net investment income

    7,213,707       24,609,962       116,430,591       51,339       1,390,274  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

         

Net realized gain (loss) from:

         

Investment transactions1

    (39,401,248     (48,431,983     (10,139,429     (24,569     (1,405,498

Investment transactions in affiliates (Note 3)

                (237,882            

In-kind redemptions

    3,079,927       9,147,275                    

Foreign currency contracts

    196,324       (341,065     (503,856     (6,856     (49,702

Foreign currency related transactions

    (492,457     (156,065     (419,762     (1,105     8,826  

Net realized loss

    (36,617,454     (39,781,838     (11,300,929     (32,530     (1,446,374

Net increase (decrease) in unrealized appreciation/depreciation:

         

Investment transactions2

    (69,985,507     (28,297,895     (7,968,894     79,054       (44,068

Investment transactions in affiliates (Note 3)

                35,159              

Foreign currency contracts

    (3           (277     59,917       707  

Translation of assets and liabilities denominated in foreign currencies

    267,074       13,538       (177,931     3,201       (27,493

Net increase (decrease) in unrealized appreciation/depreciation

    (69,718,436     (28,284,357     (8,111,943     142,172       (70,854

Net realized and unrealized gain (loss) on investments

    (106,335,890     (68,066,195     (19,412,872     109,642       (1,517,228

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ (99,122,183   $ (43,456,233   $ 97,017,719     $ 160,981     $ (126,954

1 Net of foreign capital gains (tax) and capital gain tax refund, if applicable, of:

        $ (702,867   $ (19,017   $ 772     $ (69,004

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

        $ 6,229,465     $ 3,632,074     $ 10,651     $ 453,628  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended September 30, 2023

 

 

 

      WisdomTree
Emerging Markets
SmallCap Dividend
Fund
     WisdomTree
Global ex-U.S.
Quality Dividend
Growth Fund
     WisdomTree
Global High
Dividend Fund
     WisdomTree
Growth
Leaders Fund
     WisdomTree
India Earnings
Fund
(consolidated)
 

INVESTMENT INCOME:

              

Dividends

   $ 110,209,378      $ 8,056,182      $ 3,616,120      $ 19,136      $ 12,963,787  

Dividends from affiliates (Note 3)

     1,152,928        104,604        15,259               99  

Interest

     29,244        2,558        672        50        23,176  

Non-cash dividends

     287,171               3,027                

Securities lending income, net (Note 2)

     4,993,596        84,131        36,521        3,804         

Less: Foreign withholding taxes on dividends

     (15,755,776      (879,647      (256,221      (92      (2,824,141

Total investment income

     100,916,541        7,367,828        3,415,378        22,898        10,162,921  

EXPENSES:

              

Advisory fees (Note 3)

     8,110,161        1,208,067        337,434        10,976        4,025,692  

Service fees (Note 2)

     61,525        12,655        2,560        241        21,341  

Interest expense (Note 7)

                                 565,014  

Total expenses

     8,171,686        1,220,722        339,994        11,217        4,612,047  

Expense waivers (Note 3)

     (13,534      (1,834                    (83

Net expenses

     8,158,152        1,218,888        339,994        11,217        4,611,964  

Net investment income

     92,758,389        6,148,940        3,075,384        11,681        5,550,957  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions1

     (6,646,453      (267,812      (204,463      (810,054      28,882,658  

Investment transactions in affiliates (Note 3)

     (462,401      322,009        (18,745              

In-kind redemptions

                   4,562,774        281,645         

Foreign currency contracts

     (288,791      (21,417      1,889        (28      (271,696

Foreign currency related transactions

     (1,237,721      (3,617      (14,067      54        (262,636

Net realized gain (loss)

     (8,635,366      29,163        4,327,388        (528,383      28,348,326  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions2

     48,024,507        (31,823,908      (7,232,164      1,241,697        113,860,868  

Investment transactions in affiliates (Note 3)

     (500,106      (416,332      (4,276             4,014  

Foreign currency contracts

            (2,342      149                

Translation of assets and liabilities denominated in foreign currencies

     (32,890      (54,236      (5,149      (40      (1,318

Net increase (decrease) in unrealized appreciation/depreciation

     47,491,511        (32,296,818      (7,241,440      1,241,657        113,863,564  

Net realized and unrealized gain (loss) on investments

     38,856,145        (32,267,655      (2,914,052      713,274        142,211,890  

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 131,614,534      $ (26,118,715    $ 161,332      $ 724,955      $ 147,762,847  

1 Net of foreign capital gains (tax) and capital gain tax refund, if applicable, of:

                 $ (2,067           $ (13,761,275

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 6,366,042      $ 597,529      $ 26,642             $ 8,983,717  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Statements of Operations (unaudited) (concluded)

WisdomTree Trust

For the Six Months Ended September 30, 2023

 

 

 

      WisdomTree
India
ex-State-Owned
Enterprises
Fund
     WisdomTree
New Economy
Real Estate
Fund
 

INVESTMENT INCOME:

     

Dividends

   $ 48,228      $ 432,988  

Interest

     3        59  

Securities lending income, net (Note 2)

            2,165  

Less: Foreign withholding taxes on dividends

     (10,112      (18,668

Total investment income

     38,119        416,544  

EXPENSES:

     

Advisory fees (Note 3)

     18,823        68,451  

Service fees (Note 2)

     143        519  

Total expenses

     18,966        68,970  

Net investment income

     19,153        347,574  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

     

Net realized gain (loss) from:

     

Investment transactions1

     (8,930      (556,132

In-kind redemptions

            (252,090

Foreign currency contracts

     10        (3,616

Foreign currency related transactions

     (248      1,918  

Net realized loss

     (9,168      (809,920

Net increase (decrease) in unrealized appreciation/depreciation:

     

Investment transactions2

     810,327        (812,361

Foreign currency contracts

            26  

Translation of assets and liabilities denominated in foreign currencies

     (59      (1,772

Net increase (decrease) in unrealized appreciation/depreciation

     810,268        (814,107

Net realized and unrealized gain (loss) on investments

     801,100        (1,624,027

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 820,253      $ (1,276,453

1 Net of foreign capital gains (tax) and capital gain tax refund, if applicable, of:

   $ (936       

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 124,838         

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     WisdomTree China ex-State-Owned
Enterprises Fund
   

WisdomTree Emerging Markets
ex-State-Owned

Enterprises Fund

    WisdomTree Emerging Markets High
Dividend Fund
 
     For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 7,213,707     $ 8,027,866     $ 24,609,962     $ 47,535,778     $ 116,430,591     $ 139,584,856  

Net realized loss on investments, foreign currency contracts and foreign currency related transactions

    (36,617,454     (279,321,472     (39,781,838     (438,862,137     (11,300,929     (156,574,809

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (69,718,436     128,567,483       (28,284,357     (83,613,856     (8,111,943     (150,570,055

Net increase (decrease) in net assets resulting from operations

    (99,122,183     (142,726,123     (43,456,233     (474,940,215     97,017,719       (167,560,008

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (7,127,250     (8,628,659     (26,336,000     (52,252,500     (116,198,000     (137,420,525

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    18,772,219       204,830,077       58,062,651       16,749,145       390,419,442       423,628,056  

Cost of shares redeemed

    (48,304,890     (150,767,082     (133,017,132     (638,895,275           (92,653,343

Net increase (decrease) in net assets resulting from capital share transactions

    (29,532,671     54,062,995       (74,954,481     (622,146,130     390,419,442       330,974,713  

Net Increase (Decrease) in Net Assets

    (135,782,104     (97,291,787     (144,746,714     (1,149,338,845     371,239,161       25,994,180  

NET ASSETS:

 

Beginning of period

  $ 737,988,317     $ 835,280,104     $ 2,170,526,805     $ 3,319,865,650     $ 2,145,839,591     $ 2,119,845,411  

End of period

  $ 602,206,213     $ 737,988,317     $ 2,025,780,091     $ 2,170,526,805     $ 2,517,078,752     $ 2,145,839,591  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    21,125,000       20,425,000       78,100,000       100,300,000       56,800,000       48,200,000  

Shares created

    600,000       5,375,000       2,100,000       500,000       10,100,000       11,300,000  

Shares redeemed

    (1,525,000     (4,675,000     (4,700,000     (22,700,000           (2,700,000

Shares outstanding, end of period

    20,200,000       21,125,000       75,500,000       78,100,000       66,900,000       56,800,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree Emerging Markets
Multifactor Fund
    WisdomTree Emerging Markets
Quality Dividend Growth Fund
    WisdomTree Emerging Markets SmallCap
Dividend Fund
 
     For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 51,339     $ 90,064     $ 1,390,274     $ 2,744,800     $ 92,758,389     $ 119,776,891  

Net realized loss on investments, foreign currency contracts and foreign currency related transactions

    (32,530     (143,617     (1,446,374     (8,257,529     (8,635,366     (314,610,431

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    142,172       (86,997     (70,854     (3,409,218     47,491,511       (51,650,330

Net increase (decrease) in net assets resulting from operations

    160,981       (140,550     (126,954     (8,921,947     131,614,534       (246,483,870

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (35,000     (70,527     (1,350,000     (3,003,000     (101,470,000     (121,656,900

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    2,298,033             13,584,460       19,747,562       94,341,075       480,988,272  

Cost of shares redeemed

                      (6,846,988            

Net increase in net assets resulting from capital share transactions

    2,298,033             13,584,460       12,900,574       94,341,075       480,988,272  

Net Increase (Decrease) in Net Assets

    2,424,014       (211,077     12,107,506       975,627       124,485,609       112,847,502  

NET ASSETS:

 

Beginning of period

  $ 2,155,168     $ 2,366,245     $ 87,680,807     $ 86,705,180     $ 2,688,439,378     $ 2,575,591,876  

End of period

  $ 4,579,182     $ 2,155,168     $ 99,788,313     $ 87,680,807     $ 2,812,924,987     $ 2,688,439,378  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    100,000       100,000       3,900,000       3,300,000       58,800,000       48,200,000  

Shares created

    100,000             600,000       900,000       2,000,000       10,600,000  

Shares redeemed

                      (300,000            

Shares outstanding, end of period

    200,000       100,000       4,500,000       3,900,000       60,800,000       58,800,000  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree Global ex-U.S. Quality
Dividend Growth Fund
    WisdomTree Global High
Dividend Fund
    WisdomTree
Growth Leaders Fund
 
     For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 6,148,940     $ 18,640,555     $ 3,075,384     $ 4,325,526     $ 11,681     $ 17,745  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    29,163       (85,926,564     4,327,388       (4,576,626     (528,383     (2,005,987

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (32,296,818     16,306,743       (7,241,440     956,107       1,241,657       (1,440,916

Net increase (decrease) in net assets resulting from operations

    (26,118,715     (50,979,266     161,332       705,007       724,955       (3,429,158

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (6,711,000     (18,475,318     (3,150,000     (4,296,367           (14,235

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    75,073,978       135,468,168             70,609,590             813,616  

Cost of shares redeemed

          (106,255,698     (26,171,694           (1,322,391     (2,340,593

Net increase (decrease) in net assets resulting from capital share transactions

    75,073,978       29,212,470       (26,171,694     70,609,590       (1,322,391     (1,526,977

Net Increase (Decrease) in Net Assets

    42,244,263       (40,242,114     (29,160,362     67,018,230       (597,436     (4,970,370

NET ASSETS:

 

Beginning of period

  $ 526,996,672     $ 567,238,786     $ 135,907,562     $ 68,889,332     $ 10,386,103     $ 15,356,473  

End of period

  $ 569,240,935     $ 526,996,672     $ 106,747,200     $ 135,907,562     $ 9,788,667     $ 10,386,103  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of period

    14,900,000       14,200,000       2,900,000       1,350,000       355,000       415,000  

Shares created

    2,100,000       4,000,000             1,550,000             30,000  

Shares redeemed

          (3,300,000     (550,000           (40,000     (90,000

Shares outstanding, end of period

    17,000,000       14,900,000       2,350,000       2,900,000       315,000       355,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     WisdomTree India Earnings Fund
(consolidated)
    WisdomTree India ex-State-Owned
Enterprises Fund
    WisdomTree New Economy Real
Estate Fund
 
     For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 5,550,957     $ 9,368,356     $ 19,153     $ 22,223     $ 347,574     $ 684,800  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    28,348,326       32,625,578       (9,168     (104,225     (809,920     (9,384,893

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    113,863,564       (121,598,313     810,268       (822,407     (814,107     (4,613,008

Net increase (decrease) in net assets resulting from operations

    147,762,847       (79,604,379     820,253       (904,409     (1,276,453     (13,313,101

DISTRIBUTIONS TO SHAREHOLDERS:

 

   

Distributable earnings

    (1,524,000     (40,595,106     (18,000     (109,258     (431,500     (420,750

Tax return of capital

                      (14,742            

Total distributions to shareholders

    (1,524,000     (40,595,106     (18,000     (124,000     (431,500     (420,750

CAPITAL SHARE TRANSACTIONS:

 

   

Net proceeds from sale of shares

    366,663,627       117,541,739                          

Cost of shares redeemed

          (104,949,767                 (4,220,928     (15,454,996

Net increase (decrease) in net assets resulting from capital share transactions

    366,663,627       12,591,972                   (4,220,928     (15,454,996

Net Increase (Decrease) in Net Assets

    512,902,474       (107,607,513     802,253       (1,028,409     (5,928,881     (29,188,847

NET ASSETS:

 

   

Beginning of period

  $ 786,233,900     $ 893,841,413     $ 5,947,943     $ 6,976,352     $ 25,661,470     $ 54,850,317  

End of period

  $ 1,299,136,374     $ 786,233,900     $ 6,750,196     $ 5,947,943     $ 19,732,589     $ 25,661,470  

SHARES CREATED AND REDEEMED:

 

   

Shares outstanding, beginning of period

    25,000,000       24,600,000       200,000       200,000       1,500,000       2,350,000  

Shares created

    10,200,000       3,600,000                          

Shares redeemed

          (3,200,000                 (250,000     (850,000

Shares outstanding, end of period

    35,200,000       25,000,000       200,000       200,000       1,250,000       1,500,000  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Financial Highlights

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree China ex-State-Owned
Enterprises Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 20211
    For the
Year Ended
March 31, 20201
    For the
Year Ended
March 31, 20191
 

Net asset value, beginning of period

  $ 34.93     $ 40.89     $ 64.41     $ 38.44     $ 38.84     $ 43.62  

Investment operations:

           

Net investment income2

    0.36       0.36       0.60       0.23       0.39       0.49  

Net realized and unrealized gain (loss)

    (5.12     (5.94     (23.54     26.10       (0.39     (4.82

Total from investment operations

    (4.76     (5.58     (22.94     26.33       0.00 3      (4.33

Dividends and distributions to shareholders:

           

Net investment income

    (0.36     (0.38     (0.58     (0.35     (0.40     (0.45

Tax return of capital

                      (0.01           (0.00 )3 

Total dividends and distributions to shareholders

    (0.36     (0.38     (0.58     (0.36     (0.40     (0.45

Net asset value, end of period

  $ 29.81     $ 34.93     $ 40.89     $ 64.41     $ 38.44     $ 38.84  

TOTAL RETURN4

    (13.65 )%      (13.72 )%      (35.81 )%      68.71     0.07     (9.91 )% 

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 602,206     $ 737,988     $ 835,280     $ 914,692     $ 188,351     $ 143,699  

Ratios to average net assets of:

           

Expenses, net of expense waivers

    0.32 %5      0.32     0.32     0.32 %6      0.32 %7      0.32 %7 

Expenses, prior to expense waivers

    0.32 %5      0.32     0.32     0.38     0.63     0.63

Net investment income

    2.22 %5      0.99     1.10     0.37     1.03     1.31

Portfolio turnover rate8

    8     39     36     20     22     35

 

             
WisdomTree Emerging Markets
ex-State-Owned Enterprises Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
 

Net asset value, beginning of period

  $ 27.79     $ 33.10     $ 40.31     $ 24.40     $ 28.79     $ 31.99  

Investment operations:

           

Net investment income2

    0.31       0.56       0.62       0.41       0.62       0.42  

Net realized and unrealized gain (loss)

    (0.93     (5.27     (7.28     15.91       (4.38     (3.20

Net increase from payment by affiliate

                0.00 3      0.00 3            0.00 3 

Total from investment operations

    (0.62     (4.71     (6.66     16.32       (3.76     (2.78

Dividends to shareholders:

           

Net investment income

    (0.34     (0.60     (0.55     (0.41     (0.63     (0.42

Net asset value, end of period

  $ 26.83     $ 27.79     $ 33.10     $ 40.31     $ 24.40     $ 28.79  

TOTAL RETURN4

    (2.25 )%      (14.20 )%      (16.70 )%9      67.18 %10      (13.36 )%      (8.64 )%10 

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 2,025,780     $ 2,170,527     $ 3,319,866     $ 4,719,936     $ 809,991     $ 305,184  

Ratios to average net assets of:

           

Expenses, net of expense waivers

    0.32 %5      0.32     0.32     0.32 %6      0.32 %7      0.32 %7 

Expenses, prior to expense waivers

    0.32 %5      0.32     0.32     0.37     0.58     0.58

Net investment income

    2.24 %5      1.97     1.62     1.11     2.14     1.51

Portfolio turnover rate8

    7     28     18     34     19     24
1 

Shares were adjusted to reflect a 2:1 share split effective October 16, 2020.

 

2 

Based on average shares outstanding.

 

3 

Amount represents less than $0.005.

 

4 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

5 

Annualized.

 

6 

The investment advisor had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.32%.

 

7 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

8 

Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

9 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged.

 

10 

Includes a reimbursement from the sub-advisor for an operational error that resulted in investment transaction losses. Excluding the reimbursement, total return would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets
High Dividend Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
 

Net asset value, beginning of period

  $ 37.78     $ 43.98     $ 44.27     $ 32.45     $ 43.72     $ 47.35  

Investment operations:

           

Net investment income1

    1.88       2.81       2.75       1.76       2.10       1.84  

Net realized and unrealized gain (loss)

    (0.22     (6.21     (0.30     11.93       (11.25     (3.57

Total from investment operations

    1.66       (3.40     2.45       13.69       (9.15     (1.73

Dividends to shareholders:

           

Net investment income

    (1.82     (2.80     (2.74     (1.87     (2.12     (1.90

Net asset value, end of period

  $ 37.62     $ 37.78     $ 43.98     $ 44.27     $ 32.45     $ 43.72  

TOTAL RETURN2

    4.40     (6.97 )%      5.65     43.37     (22.06 )%      (3.51 )% 

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 2,517,079     $ 2,145,840     $ 2,119,845     $ 1,916,702     $ 1,638,935     $ 2,173,006  

Ratios to average net assets3 of:

           

Expenses4

    0.63 %5      0.63 %6      0.64 %7      0.63     0.63     0.63

Net investment income

    9.73 %5      7.53     6.16     4.58     4.91     4.23

Portfolio turnover rate8

    3     43     53     62     41     44

 

             
WisdomTree Emerging Markets
Multifactor Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the Period
August 10, 2018*
through
March 31, 2019
 

Net asset value, beginning of period

  $ 21.55     $ 23.66     $ 25.81     $ 17.75     $ 23.61     $ 24.68  

Investment operations:

           

Net investment income1

    0.42       0.90       1.01       0.56       0.73       0.29  

Net realized and unrealized gain (loss)

    1.18       (2.30     (2.44     7.90       (5.91     (1.16

Total from investment operations

    1.60       (1.40     (1.43     8.46       (5.18     (0.87

Dividends to shareholders:

           

Net investment income

    (0.25     (0.71     (0.72     (0.40     (0.68     (0.20

Net asset value, end of period

  $ 22.90     $ 21.55     $ 23.66     $ 25.81     $ 17.75     $ 23.61  

TOTAL RETURN2

    7.44     (5.74 )%      (5.72 )%      48.12     (22.44 )%      (3.52 )% 

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 4,579     $ 2,155     $ 2,366     $ 5,162     $ 7,102     $ 18,886  

Ratios to average net assets of:

           

Expenses

    0.48 %5      0.48     0.48 %3,4      0.48 %3,4      0.48     0.48 %4,5 

Net investment income

    3.70 %5      4.21     3.91 %3      2.51 %3      3.24     1.97 %5 

Portfolio turnover rate8

    63     123     115     125     166     133
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Annualized.

 

6 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.63%.

 

8 

Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets
Quality Dividend Growth Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
 

Net asset value, beginning of period

  $ 22.48     $ 26.27     $ 29.51     $ 19.43     $ 24.71     $ 26.94  

Investment operations:

 

Net investment income1

    0.32       0.80       0.83       0.61       0.66       0.71  

Net realized and unrealized gain (loss)

    (0.31     (3.69     (3.28     10.08       (5.32     (2.30

Total from investment operations

    0.01 2      (2.89     (2.45     10.69       (4.66     (1.59

Dividends to shareholders:

 

Net investment income

    (0.31     (0.90     (0.79     (0.61     (0.62     (0.64

Net asset value, end of period

  $ 22.18     $ 22.48     $ 26.27     $ 29.51     $ 19.43     $ 24.71  

TOTAL RETURN3

    0.03     (10.75 )%      (8.48 )%      55.66     (19.30 )%      (5.79 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 99,788     $ 87,681     $ 86,705     $ 94,431     $ 69,936     $ 69,189  

Ratios to average net assets of:

 

Expenses, net of expense waivers

    0.32 %4      0.32     0.32     0.32 %5      0.32 %6      0.32 %6 

Expenses, prior to expense waivers

    0.32 %4      0.32     0.32     0.42     0.63     0.63

Net investment income

    2.87 %4      3.61     2.89     2.38     2.74     2.93

Portfolio turnover rate7

    40     40     42     57     55     81

 

             
WisdomTree Emerging Markets
SmallCap Dividend Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
 

Net asset value, beginning of period

  $ 45.72     $ 53.44     $ 50.79     $ 32.98     $ 47.03     $ 53.47  

Investment operations:

 

Net investment income1

    1.56       2.25       1.99       1.58       1.82       1.79  

Net realized and unrealized gain (loss)

    0.69       (7.65     2.80       18.04       (14.02     (6.35

Total from investment operations

    2.25       (5.40     4.79       19.62       (12.20     (4.56

Dividends to shareholders:

 

Net investment income

    (1.70     (2.32     (2.14     (1.81     (1.85     (1.88

Net asset value, end of period

  $ 46.27     $ 45.72     $ 53.44     $ 50.79     $ 32.98     $ 47.03  

TOTAL RETURN3

    4.95     (9.76 )%      9.48     60.63     (26.95 )%      (8.40 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 2,812,925     $ 2,688,439     $ 2,575,592     $ 1,935,213     $ 1,216,850     $ 1,424,969  

Ratios to average net assets8 of:

 

Expenses9

    0.58 %4      0.58     0.61 %10,11      0.63     0.63     0.63

Net investment income

    6.63 %4      4.96     3.75     3.65     4.05     3.81

Portfolio turnover rate7

    4     53     45     59     47     40
1 

Based on average shares outstanding.

 

2 

The total from investment operations per share does not correspond with the amount reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Annualized.

 

5 

The investment advisor had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.32%.

 

6 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

7 

Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

8 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

9 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

10 

Prior to September 1, 2021, the Fund’s annual advisory fee rate was 0.63% and, thereafter, was reduced to 0.58% per annum.

 

11 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.60%.

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global ex-U.S.
Quality Dividend Growth Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 20221
    For the
Year Ended
March 31, 20211
    For the
Year Ended
March 31, 20201
    For the
Year Ended
March 31, 20191
 

Net asset value, beginning of period

  $ 35.37     $ 39.95     $ 38.60     $ 26.57     $ 27.80     $ 29.52  

Investment operations:

 

Net investment income2

    0.38       1.38       1.01       0.80       0.80       0.58  

Net realized and unrealized gain (loss)

    (1.86     (4.62     1.15       11.94       (1.31     (1.67

Total from investment operations

    (1.48     (3.24     2.16       12.74       (0.51     (1.09

Dividends to shareholders:

 

Net investment income

    (0.41     (1.34     (0.81     (0.71     (0.72     (0.63

Net asset value, end of period

  $ 33.48     $ 35.37     $ 39.95     $ 38.60     $ 26.57     $ 27.80  

TOTAL RETURN3

    (4.24 )%      (7.53 )%      5.57     48.25     (2.01 )%      (3.65 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 569,241     $ 526,997     $ 567,239     $ 355,130     $ 95,661     $ 72,280  

Ratios to average net assets4 of:

 

Expenses

    0.42 %5,6      0.43 %6,7      0.54 %6,8,9      0.58     0.58 %6      0.58 %6 

Net investment income

    2.14 %5      4.16     2.44     2.29     2.68     2.11

Portfolio turnover rate10

    1     67     59     56     56     60

 

             
WisdomTree Global High Dividend
Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
 

Net asset value, beginning of period

  $ 46.86     $ 51.03     $ 46.89     $ 34.33     $ 46.11     $ 46.38  

Investment operations:

 

Net investment income2

    1.24       1.91       1.95       1.63       1.78       1.77  

Net realized and unrealized gain (loss)

    (1.37     (4.21     4.02       12.62       (11.79     (0.18

Total from investment operations

    (0.13 )11      (2.30     5.97       14.25       (10.01     1.59  

Dividends to shareholders:

 

Net investment income

    (1.31     (1.87     (1.83     (1.69     (1.77     (1.86

Net asset value, end of period

  $ 45.42     $ 46.86     $ 51.03     $ 46.89     $ 34.33     $ 46.11  

TOTAL RETURN3

    (0.28 )%      (4.28 )%      12.96     42.38     (22.46 )%      3.59

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 106,747     $ 135,908     $ 68,889     $ 65,641     $ 66,952     $ 92,227  

Ratios to average net assets4 of:

 

Expenses

    0.58 %5      0.58 %6,9      0.58 %6,9      0.58 %6      0.58 %6      0.58 %6 

Net investment income

    5.29 %5      4.09     3.98     4.05     3.88     3.86

Portfolio turnover rate10

    2     45     39     48     32     19
1 

Per share amounts were adjusted to reflect a 2:1 share split effective June 9, 2021.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Annualized.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.42%.

 

8 

Prior to January 1, 2022, the Fund’s annual advisory fee rate was 0.58% and, thereafter, was reduced to 0.42% per annum.

 

9 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been unchanged.

 

10 

Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

11 

The total from investment operations per share does not correspond with the amount reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Growth Leaders Fund   For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 20211
    For the Period
May 22, 2019*
through
March 31, 2020
 

Net asset value, beginning of period

  $ 29.26     $ 37.00     $ 44.34     $ 23.34     $ 24.80  

Investment operations:

         

Net investment income2

    0.03       0.05       0.01       0.03       0.06  

Net realized and unrealized gain (loss)

    1.79       (7.75     (7.34     21.02       (1.44

Total from investment operations

    1.82       (7.70     (7.33     21.05       (1.38

Dividends to shareholders:

 

Net investment income

          (0.04     (0.01     (0.05     (0.08

Net asset value, end of period

  $ 31.08     $ 29.26     $ 37.00     $ 44.34     $ 23.34  

TOTAL RETURN3

    6.22     (20.79 )%      (16.53 )%      90.18     (5.61 )% 

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 9,789     $ 10,386     $ 15,356     $ 14,410     $ 1,751  

Ratios to average net assets of:

         

Expenses

    0.20 %4      0.20     0.20     0.24 %5      0.45 %4 

Net investment income

    0.21 %4      0.17     0.02     0.08     0.27 %4 

Portfolio turnover rate6

    18     27     52     40     9

 

             

WisdomTree India Earnings Fund

(consolidated)

   For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
 

Net asset value, beginning of period

   $ 31.45     $ 36.34     $ 31.26     $ 16.19     $ 26.26     $ 25.88  

Investment operations:

            

Net investment income2

     0.20       0.41       0.38       0.16       0.30       0.28  

Net realized and unrealized gain (loss)

     5.32       (3.45     5.20       15.16       (10.18     0.45  

Net increase from payment by affiliate

                 0.00 7                   

Total from investment operations

     5.52       (3.04     5.58       15.32       (9.88     0.73  

Dividends and distributions to shareholders:

            

Net investment income

     (0.06     (1.85     (0.50     (0.25     (0.19     (0.34

Tax return of capital

                                   (0.01

Total dividends and distributions to shareholders

     (0.06     (1.85     (0.50     (0.25     (0.19     (0.35

Net asset value, end of period

   $ 36.91     $ 31.45     $ 36.34     $ 31.26     $ 16.19     $ 26.26  

TOTAL RETURN3

     17.57     (8.05 )%      17.85 %8      95.10     (37.84 )%      2.89

RATIOS/SUPPLEMENTAL DATA:

            

Net assets, end of period (000’s omitted)

   $ 1,299,136     $ 786,234     $ 893,841     $ 787,825     $ 563,317     $ 1,323,424  

Ratios to average net assets of:

            

Expenses

     0.89 %4,9,10,11      0.85 %9,10,12      0.84 %9,10,13      0.84 %9,10,13      0.84 %9,10,13      0.85 %13 

Net investment income

     1.20 %4,10      1.25 %10      1.07 %10      0.67 %10      1.22 %10      1.14

Portfolio turnover rate6

     35     51     30     23     32     37
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1

The information reflects the investment objective and strategy of the WisdomTree Modern Tech Platforms Fund through July 31, 2020 and the investment objective and strategy of the WisdomTree Growth Leaders Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change.

 

2

Based on average shares outstanding.

 

3

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

4

Annualized.

 

5

Prior to August 1, 2020, the Fund’s net expense ratio was 0.45% and, thereafter, was reduced to 0.20% per annum.

 

6

Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

7 

Amount represents less than $0.005.

 

8 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.04% lower.

 

9 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

10 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

11 

Includes interest expense of 0.06% for the six months ended September 30, 2023.

 

12 

Includes interest expense of 0.02% for the fiscal year.

 

13 

Includes interest expense of 0.01% for the fiscal year.

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Financial Highlights (concluded)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree India ex-State-Owned
Enterprises Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 2023
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the Period
April 4, 2019*
through
March 31, 2020
 

Net asset value, beginning of period

  $ 29.74     $ 34.88     $ 30.33     $ 17.64     $ 24.67  

Investment operations:

 

Net investment income1

    0.10       0.11       0.04       0.05       0.19  

Net realized and unrealized gain (loss)

    4.00       (4.63     4.52       12.69       (7.22

Total from investment operations

    4.10       (4.52     4.56       12.74       (7.03

Dividends and distributions to shareholders:

 

Net investment income

    (0.09     (0.55     (0.01     (0.05      

Tax return of capital

          (0.07                  

Total dividends and distributions to shareholders

    (0.09     (0.62     (0.01     (0.05      

Net asset value, end of period

  $ 33.75     $ 29.74     $ 34.88     $ 30.33     $ 17.64  

TOTAL RETURN2

    13.79     (12.97 )%      15.04     72.25     (28.50 )% 

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 6,750     $ 5,948     $ 6,976     $ 4,549     $ 882  

Ratios to average net assets of:

         

Expenses

    0.58 %3      0.58     0.58     0.58     0.58 %3 

Net investment income

    0.59 %3      0.35     0.11     0.20     0.80 %3 

Portfolio turnover rate4

    1     16     15     36     82

 

             
WisdomTree New Economy Real Estate
Fund
  For the
Six Months Ended
September 30, 2023
(unaudited)
    For the
Year Ended
March 31, 20235
    For the
Year Ended
March 31, 2022
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
 

Net asset value, beginning of period

  $ 17.11     $ 23.34     $ 26.55     $ 22.11     $ 32.15     $ 32.04  

Investment operations:

 

Net investment income1

    0.25       0.35       1.14       0.89       1.13       1.12  

Net realized and unrealized gain (loss)

    (1.25     (6.37     (2.74     4.35       (8.79     0.24  

Total from investment operations

    (1.00     (6.02     (1.60     5.24       (7.66     1.36  

Dividends to shareholders:

 

Net investment income

    (0.32     (0.21     (1.61     (0.80     (2.38     (1.25

Net asset value, end of period

  $ 15.79     $ 17.11     $ 23.34     $ 26.55     $ 22.11     $ 32.15  

TOTAL RETURN2

    (5.89 )%      (25.82 )%      (6.45 )%      23.92     (25.74 )%      4.51

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

  $ 19,733     $ 25,661     $ 54,850     $ 63,711     $ 80,703     $ 114,146  

Ratios to average net assets of:

           

Expenses

    0.58 %3      0.59 %6      0.59 %6      0.58     0.58 %7      0.58 %7 

Net investment income

    2.95 %3      1.90     4.48     3.59     3.75 %7      3.72 %7 

Portfolio turnover rate4

    10     165 %5      7     39     21     17
* 

Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.

 

1

Based on average shares outstanding.

 

2

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3

Annualized.

 

4

Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

5 

The information reflects the investment objective and strategy of the WisdomTree Global ex-U.S. Real Estate Fund through April 20, 2022 and the investment objective and strategy of the WisdomTree New Economy Real Estate Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change.

 

6 

Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.

 

7 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Notes to Financial Statements (unaudited)

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

WisdomTree China ex-State-Owned Enterprises Fund (“China ex-State-Owned Enterprises Fund”)

     September 19, 2012  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (“Emerging Markets ex-State-Owned Enterprises Fund”)

     December 10, 2014  

WisdomTree Emerging Markets High Dividend Fund (“Emerging Markets High Dividend Fund”)

     July 13, 2007  

WisdomTree Emerging Markets Multifactor Fund (“Emerging Markets Multifactor Fund”)

     August 10, 2018  

WisdomTree Emerging Markets Quality Dividend Growth Fund (“Emerging Markets Quality Dividend Growth Fund”)

     August 1, 2013  

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund”)

     October 30, 2007  

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

     June 16, 2006  

WisdomTree Global High Dividend Fund (“Global High Dividend Fund”)

     June 16, 2006  

WisdomTree Growth Leaders Fund (“Growth Leaders Fund”)

     May 22, 2019  

WisdomTree India Earnings Fund (“India Earnings Fund”) (consolidated)

     February 22, 2008  

WisdomTree India ex-State-Owned Enterprises Fund (“India ex-State-Owned Enterprises Fund”)

     April 4, 2019  

WisdomTree New Economy Real Estate Fund (“New Economy Real Estate Fund”)

     June 5, 2007  

The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius (“Mauritius”). The Portfolio was incorporated under the provisions of the Mauritius Companies Act, 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission.

Each Fund, except for the Emerging Markets Multifactor Fund and Emerging Markets Quality Dividend Growth Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree, Inc. (“WisdomTree”) or an Index developed by a third party. The Emerging Markets Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. The Emerging Markets Quality Dividend Growth Fund is actively managed using a model-based approach seeking income and capital appreciation. WisdomTree is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund (including the Portfolio) and the Trust. “WisdomTree” is a registered trademark of WisdomTree and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believe such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Basis of Consolidation — The financial statements for the India Earnings Fund include the accounts of a wholly-owned and controlled Mauritius subsidiary (the “Subsidiary”). The India Earnings Fund’s accompanying financial statements reflect the financial position and the results of operations on a consolidated basis with its Subsidiary. All intercompany accounts and transactions have been eliminated in the consolidation.

 

WisdomTree Trust      99  


Notes to Financial Statements (unaudited) (continued)

 

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g., broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Fixed income securities generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from yields and quoted prices from broker-dealers on similar securities, and market sentiment for the type of security. U.S. fixed income securities may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts that settle within two business days after the trade date (“Spot Contracts”) and foreign currency contracts having a settlement period greater than two business days after the trade date (“Forward Contracts”) are valued on the measurement date using an interpolated foreign exchange rate between the closest preceding and subsequent settlement period, as calculated using the 4:00 p.m. London time closing spot and forward rates provided by an independent pricing service provider. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade.

Pursuant to Board-approved valuation procedures established by the Trust and WTAM, the Board has appointed WTAM as the Funds’ valuation designee (the “Valuation Designee”) to perform all fair valuations of the Funds’ portfolio investments, subject to the Board’s oversight. As the Valuation Designee, WTAM has established procedures for its fair valuation of a Fund’s portfolio investments. These procedures address, among other things, determining when market quotations are not readily available or reliable and the methodologies to be used for determining the fair value of investments, as well as the use and oversight of third-party pricing services for fair valuation. The Valuation Designee is comprised of senior representatives of WTAM and reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from the exchange or system on which it is principally traded, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Valuation Designee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Valuation Designee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

 

100   WisdomTree Trust


Notes to Financial Statements (unaudited) (continued)

 

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended (either due to events affecting the issuer of the security specifically or events affecting the primary trading exchange more broadly) or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets in which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details (e.g., credit rating, debt ranking, coupon date, maturity date, etc.), interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Valuation Designee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Valuation Designee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Valuation Designee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the six months ended September 30, 2023, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the fiscal period ended September 30, 2023 and open positions in such derivatives as of September 30, 2023 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to credit risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. Any collateral posted (or received) with respect to the derivative positions would be used to offset or reduce the payment due to (or due from) a counterparty in the event of default. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of September 30, 2023, if any, is reflected as a footnote within each Fund’s Schedule of Investments.The Funds’ maximum credit risk exposure to derivatives agreements would be the total value of derivatives disclosed in the table included in Note 2—Master Netting Arrangements under the column entitled “Assets: Net Amount”.

 

WisdomTree Trust      101  


Notes to Financial Statements (unaudited) (continued)

 

As of September 30, 2023, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

     
     Asset Derivatives      Liability Derivatives  
Fund    Balance Sheet Location    Value      Balance Sheet Location    Value  

Emerging Markets High Dividend Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
   $      Unrealized depreciation on
foreign currency contracts
   $ 237  

Emerging Markets Multifactor Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     66,753      Unrealized depreciation on
foreign currency contracts
     21,710  

Emerging Markets Quality Dividend Growth Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     555      Unrealized depreciation on
foreign currency contracts
      

Global ex-U.S. Quality Dividend Growth Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     168  

Global High Dividend Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     149      Unrealized depreciation on
foreign currency contracts
      

New Economy Real Estate Fund

           

Foreign currency risk

   Unrealized appreciation on
foreign currency contracts
     1      Unrealized depreciation on
foreign currency contracts
      

For the six months ended September 30, 2023, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

China ex-State-Owned Enterprises Fund

     

Foreign currency risk

   $ 196,324      $ (3

Emerging Markets ex-State-Owned Enterprises Fund

     

Foreign currency risk

     (341,065       

Emerging Markets High Dividend Fund

     

Foreign currency risk

     (503,856      (277

Emerging Markets Multifactor Fund

     

Foreign currency risk

     (6,856      59,917  

Emerging Markets Quality Dividend Growth Fund

     

Foreign currency risk

     (49,702      707  

Emerging Markets SmallCap Dividend Fund

     

Foreign currency risk

     (288,791       

Global ex-U.S. Quality Dividend Growth Fund

     

Foreign currency risk

     (21,417      (2,342

Global High Dividend Fund

     

Foreign currency risk

     1,889        149  

Growth Leaders Fund

     

Foreign currency risk

     (28       

India Earnings Fund (consolidated)

     

Foreign currency risk

     (271,696       

India ex-State-Owned Enterprises Fund

     

Foreign currency risk

     10         

New Economy Real Estate Fund

     

Foreign currency risk

     (3,616      26  
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign currency risk

   Net realized gain (loss) from foreign currency contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign currency risk

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

 

102   WisdomTree Trust


Notes to Financial Statements (unaudited) (continued)

 

During the six months ended September 30, 2023, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

      Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
 

China ex-State-Owned Enterprises Fund

     

Foreign currency risk

   $      $ 61,148  

Emerging Markets ex-State-Owned Enterprises Fund

     

Foreign currency risk

            367,790  

Emerging Markets High Dividend Fund

     

Foreign currency risk

     5,312,351        624,712  

Emerging Markets Multifactor Fund

     

Foreign currency risk

     1,692,702        3,595,463  

Emerging Markets Quality Dividend Growth Fund

     

Foreign currency risk

     128,781        22,538  

Emerging Markets SmallCap Dividend Fund

     

Foreign currency risk

            2,372,461  

Global ex-U.S. Quality Dividend Growth Fund

     

Foreign currency risk

     109,236        151,253  

Global High Dividend Fund

     

Foreign currency risk

            28,294  

Growth Leaders Fund

     

Foreign currency risk

     25,997         

India Earnings Fund (consolidated)

     

Foreign currency risk1

     59,180,560        114,847,008  

India ex-State-Owned Enterprises Fund

     

Foreign currency risk1

     6,960        1,411  

New Economy Real Estate Fund

     

Foreign currency risk

     7,174        3,416  
  1 

The volume of derivatives for the period is based on intra-month balances.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (less foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized on the ex-dividend date, or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined, at the fair value of securities to be received. Upon notification from real estate investment trust (“REIT”) issuers or as estimated by management, all or a portion of the dividend income received from a REIT may be redesignated as a reduction of cost of the related investment and/or as a realized gain. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. In addition, the Funds generally will write-off interest receivable balances in default by the issuer as of the date any applicable interest payment grace period or forbearance period expires or as of the date any interest payment cancellation notification was publicly made available or when it becomes probable that interest will not be collected and the amount of uncollectable interest can be reasonably estimated. Interest income (including amortization of premiums and accretion of discounts), less any foreign taxes withheld, is accrued daily. Generally, amortization of premiums and accretion of discounts are recognized daily using the effective interest method (also known as the scientific amortization method). Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

During the six months ended September 30, 2023, dividend payments denominated in Russian rubles from certain sanctioned Russian issuers were made into restricted foreign cash accounts held by the Funds’ custodian on behalf of the Emerging Markets ex-State-Owned Enterprises Fund, Emerging Markets High Dividend Fund, Emerging Markets Multifactor Fund, Emerging Markets Quality Dividend Growth Fund, Global ex-U.S. Quality Dividend Growth Fund, and Global High Dividend Fund. Under sanctions imposed by the United States (“U.S.”) and the European Union (“E.U.”) against Russia and certain Russian issuers pertaining to Russia’s invasion of Ukraine, payments (such as dividend payments or interest payments) made by sanctioned issuers to entities

 

WisdomTree Trust      103  


Notes to Financial Statements (unaudited) (continued)

 

domiciled in the U.S., such as the Funds, or E.U. are restricted from withdrawal or use and there is no assurance these sanctioned payments will be ultimately collected by the Funds. As a result of U.S. sanctions in place against Russia and certain Russian issuers and significant uncertainty as to whether these sanctions will be removed or lifted, the Funds have not recognized these Russian dividend payments.

Foreign Taxes — The Funds may be subject to foreign taxes (a portion of which may be reclaimable or refundable) on foreign income or capital gains on investment transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and tax rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are accrued and applied to foreign income as the foreign income is earned and are reflected on the Statements of Operations as follows: foreign taxes withheld on dividends are presented as a reduction to investment income in “Less: Foreign withholding taxes on dividends”, foreign taxes on capital gains from investment transactions, if any, are included in “Net realized gain (loss) from investment transactions”, and deferred foreign taxes on net unrealized appreciation on investments, if any, are included in “Net increase (decrease) in unrealized appreciation/depreciation on investment transactions”. Foreign taxes payable or deferred as of September 30, 2023, if any, are disclosed in the Statements of Assets and Liabilities in “Payables: Foreign capital gains tax”.

In certain foreign jurisdictions, when the Funds incur subsequent capital losses on investment transactions that occurred during the tax year in the applicable foreign jurisdiction, the Funds may be entitled to a refund on any foreign taxes paid on previous capital gain investment transactions that occurred during the tax year of the applicable foreign jurisdiction. Foreign capital gain tax refunds on investment transactions are included in “Net realized gain (loss) from investment transactions” on the Statements of Operations and foreign capital gain tax refunds that remain unpaid as of September 30, 2023, if any, are disclosed in the Statements of Assets and Liabilities in “Receivables: Foreign capital gains tax refund”.

The Funds file foreign tax reclaims in certain foreign jurisdictions to recover a portion of amounts previously withheld on dividend income if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims recorded relating to current fiscal year investment income are included in the Statements of Operations as a reduction to the balance shown for “Foreign withholding taxes on dividends” and foreign tax reclaims recorded, but not yet received as of September 30, 2023, if any, are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.

The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities as well as other tax residency related documentation prescribed by the Indian Revenue authorities and should be regarded as the beneficial owner of the investments made in Indian securities, which should entitle it to claim the benefits of the double taxation avoidance agreement entered between the Government of India and Mauritius (“tax treaty”).

The taxable profits derived from the Portfolio are subject to income tax at the rate of 15% in the Republic of Mauritius (“Mauritius”) and eligible for a presumed foreign tax credit of 80% of the Mauritian tax on the respective foreign income which effectively limits the maximum income tax payable to an effective rate of 3%. The Mauritius income tax is paid by WTAM (out of its fee paid by the India Earnings Fund), accordingly, no provision for Mauritius income taxes is required. Under the tax treaty, as amended, Mauritius entities (such as the Portfolio) are subject to tax on capital gains arising on the disposal of Shares of an Indian company. However, investments in shares acquired up to March 31, 2017 are grandfathered, thus exempted from capital gains tax in India irrespective of the date of disposal (subject to the entity being eligible for the tax treaty benefits). The Indian tax rates applicable on disposal of securities would depend on the nature of securities, the holding period and the manner of disposal. Further, Indian tax laws have introduced certain General Anti-Avoidance Rules (“GAAR”) applicable to financial years beginning on or after April 1, 2017 (i.e., investments made into India on or after April 1, 2017). GAAR is applied if the “main purpose” of the arrangement is to obtain a tax benefit. With effect from April 1, 2017, the investments made by the Portfolio would be subject to GAAR if any tax benefit is claimed by the Portfolio. Reference to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of “net realized gain (loss) from investment transactions” and “net increase (decrease) in unrealized appreciation/depreciation from investment transactions”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in “net realized gain (loss) from foreign currency contracts” and “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in “net realized gain (loss) from foreign currency related transactions” and/or “net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies” in the

 

104   WisdomTree Trust


Notes to Financial Statements (unaudited) (continued)

 

Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Foreign Currency Contracts — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Emerging Markets Multifactor Fund, do not expect to engage in currency transactions for the purpose of hedging against currency exposures of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes. During the period ended September 30, 2023, the Funds, except for the Emerging Markets Multifactor Fund, utilized foreign currency contracts primarily to facilitate foreign security settlements. The Emerging Markets Multifactor Fund utilized foreign currency contracts primarily to offset applicable international currency exposure from certain positions in emerging market equities. A foreign currency contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A foreign currency contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades.

Risks may arise upon entering into foreign currency contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open foreign currency contracts are recorded for book purposes as unrealized gains or losses on foreign currency contracts by the Funds and are included in “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts” on the Statements of Operations. Realized gains and losses on foreign currency contracts include net gains or losses recognized by the Funds on contracts which have settled are included in “net realized gain (loss) from foreign currency contracts” on the Statements of Operations.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is

 

WisdomTree Trust      105  


Notes to Financial Statements (unaudited) (continued)

 

included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), such as foreign currency contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g., foreign currency contracts, options and certain swaps). To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ securities lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. However, in the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of September 30, 2023, the impact of netting of assets and liabilities and the offsetting of

 

106   WisdomTree Trust


Notes to Financial Statements (unaudited) (continued)

 

collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
         

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
       
Fund   Financial
Instruments
    Collateral
Received
    Net Amount     Financial
Instruments
    Collateral
Posted
    Net Amount  

China ex-State-Owned Enterprises Fund

               

Securities Lending

  $ 19,455,492     $     $ (19,455,492 )1    $     $     $     $     $  

Emerging Markets ex-State-Owned Enterprises Fund

               

Securities Lending

    38,402,868             (38,402,868 )1                               

Emerging Markets High Dividend Fund

               

Securities Lending

    79,416,268             (79,416,268 )1                               

Foreign Currency Contracts

                            237                   237  

Emerging Markets Multifactor Fund

               

Securities Lending

    37,703             (37,703 )1                               

Foreign Currency Contracts

    66,753       (21,381           45,372       21,710       (21,381           329  

Emerging Markets Quality Dividend Growth Fund

               

Securities Lending

    2,097,614             (2,097,614 )1                               

Foreign Currency Contracts

    555                   555                          

Emerging Markets SmallCap Dividend Fund

               

Securities Lending

    183,706,823             (183,706,823 )1                               

Global ex-U.S. Quality Dividend Growth Fund

               

Securities Lending

    28,142,142             (28,142,142 )1                               

Foreign Currency Contracts

                            168                   168  

Global High Dividend Fund

               

Securities Lending

    7,464,776             (7,464,776 )1                               

Foreign Currency Contracts

    149                   149                          

Growth Leaders Fund

               

Securities Lending

    326,615             (326,615 )1                               

New Economy Real Estate Fund

               

Securities Lending

    1,341,092             (1,341,092 )1                               

Foreign Currency Contracts

    1                   1                          
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Restricted Securities — Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.

Emerging Market Investments — Investments in securities listed and traded in emerging markets are subject to additional risks that may not be present for U.S. investments or investments in more developed non-U.S. markets. Such risks may include: (i) greater market volatility; (ii) lower trading volume; (iii) greater social, political and economic uncertainty; (iv) governmental controls on foreign investments and limitations on repatriation of invested capital; (v) the risk that companies may be held to lower disclosure, corporate governance, auditing and financial reporting standards than companies in more developed markets; and (vi) the risk that there may be less protection of property rights than in other countries. Emerging markets are generally less liquid and less efficient than developed securities markets.

 

WisdomTree Trust      107  


Notes to Financial Statements (unaudited) (continued)

 

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations (i.e., tax basis) which may differ to amounts determined under GAAP (i.e., book basis). These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital. The India Earnings Fund has filed an election to treat the Portfolio as a “pass-through” entity for tax purposes.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Additionally, the Portfolio is also advised by WTAM and is sub-advised by Mellon. Mellon is compensated by WTAM at no additional cost to the Funds or the Portfolio. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets and, with respect to the India Earnings Fund, based on the average daily net assets of the India Earnings Fund and the Portfolio on a consolidated basis, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

China ex-State-Owned Enterprises Fund

     0.32

Emerging Markets ex-State-Owned Enterprises Fund

     0.32

Emerging Markets High Dividend Fund

     0.63

Emerging Markets Multifactor Fund

     0.48

Emerging Markets Quality Dividend Growth Fund

     0.32

Emerging Markets SmallCap Dividend Fund

     0.58

Global ex-U.S. Quality Dividend Growth Fund

     0.42

Global High Dividend Fund

     0.58

Growth Leaders Fund

     0.20

India Earnings Fund (consolidated)

     0.83

India ex-State-Owned Enterprises Fund

     0.58

New Economy Real Estate Fund

     0.58

 

108   WisdomTree Trust


Notes to Financial Statements (unaudited) (continued)

 

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the fiscal period ended September 30, 2023, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of its advisory fees that it would otherwise charge, for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (e.g., fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.

WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the six months ended September 30, 2023, WT held shares of and received distributions from the following Funds, which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

       
     At September 30, 2023            For the fiscal period ended
September 30, 2023
 
Fund    Fund Shares
held by WT
     Market Value of
Fund Shares
held by WT
            Dividends and
Distributions paid to
WT on Fund Shares
held by WT
 

Emerging Markets ex-State-Owned Enterprises Fund

     1,187      $ 31,657              $ 402  

Emerging Markets High Dividend Fund

     204        7,646                371  

Emerging Markets Quality Dividend Growth Fund

     292        6,515                91  

Emerging Markets SmallCap Dividend Fund

     432        19,984                784  

Global ex-U.S. Quality Dividend Growth Fund

     209        6,991                68  

Growth Leaders Fund

     92        2,855                 

4. CAPITAL SHARE TRANSACTIONS

As of September 30, 2023, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof to an authorized participant (“AP”). Except when aggregated in creation units (“Creation Unit Aggregations”), shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities (“Deposit Securities”) and/or an amount of cash (“Cash Component”). Creation Unit Aggregations may be created in advance of receipt by a Fund of all or a portion of the applicable Deposit Securities from APs. In these circumstances, the initial deposit received from the AP will have a value greater than the NAV of the applicable Fund’s shares on the date the order is placed in proper form since, in addition to available Deposit Securities, U.S. cash must be deposited by the AP in an amount equal to the sum of (i) the Cash Component, plus (ii) generally between 102%-110%, as directed by the Trust or WTAM, which the Trust or WTAM may change from time to time, of the market value of the undelivered Deposit Securities (the “Additional Cash Deposit”) with the Fund pending delivery of any missing Deposit Securities. The Fund will return any unused portion of the Additional Cash Deposit once all of the missing Deposit Securities have been properly received from the AP or purchased by the Fund. Amounts due to be returned to an AP as of September 30, 2023, if any, is shown in the Statements of Assets and Liabilities in “Payables: Deposit due to authorized participant”. The India Earnings Fund and India ex-State-Owned Enterprises Fund issue and redeem shares on a cash basis only as certain securities markets in which these Funds invest do not permit in-kind transfers of securities. APs purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the six months ended September 30, 2023 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

China ex-State-Owned Enterprises Fund

   $ 55,239,469      $ 58,327,002      $ 1,429,788      $ 28,659,642  

Emerging Markets ex-State-Owned Enterprises Fund

     159,629,223        206,792,630        12,362,496        42,344,731  

Emerging Markets High Dividend Fund

     405,369,307        66,374,946        48,427,654         

 

WisdomTree Trust      109  


Notes to Financial Statements (unaudited) (continued)

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Emerging Markets Multifactor Fund

     3,591,514      $ 1,831,287      $ 567,820      $  

Emerging Markets Quality Dividend Growth Fund

     49,279,565        38,951,160        2,779,834         

Emerging Markets SmallCap Dividend Fund

     190,087,432        110,885,530        15,292,840         

Global ex-U.S. Quality Dividend Growth Fund

     26,867,162        6,789,423        53,918,722         

Global High Dividend Fund

     2,409,162        4,490,107               24,022,018  

Growth Leaders Fund

     1,925,451        2,013,079               1,229,152  

India Earnings Fund (consolidated)

     712,045,308        355,509,380                

India ex-State-Owned Enterprises Fund

     39,943        38,683                

New Economy Real Estate Fund

     2,600,568        2,301,526               4,587,725  

6. FEDERAL INCOME TAXES

At September 30, 2023, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
   

Net
Unrealized
Appreciation/

(Depreciation)

   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

China ex-State-Owned Enterprises Fund

  $ 894,730,281     $ 28,935,795     $ (311,042,263   $ (282,106,468           $     $     $     $ (282,106,468

Emerging Markets ex-State-Owned Enterprises Fund

    2,203,678,104       330,187,672       (489,866,880     (159,679,208                               (159,679,208

Emerging Markets High Dividend Fund

    2,532,466,950       351,208,157       (356,417,145     (5,208,988                   (237     (237     (5,209,225

Emerging Markets Multifactor Fund

    4,482,883       304,534       (197,548     106,986               26,312       (7,346     18,966       125,952  

Emerging Markets Quality Dividend Growth Fund

    93,694,515       14,403,374       (6,876,147     7,527,227                                 7,527,227  

Emerging Markets SmallCap Dividend Fund

    2,533,142,081       546,976,775       (232,986,487     313,990,288                                 313,990,288  

Global ex-U.S. Quality Dividend Growth Fund

    575,644,101       63,273,025       (53,172,733     10,100,292                     (168     (168     10,100,124  

Global High Dividend Fund

    110,329,917       10,139,859       (8,574,417     1,565,442                                 1,565,442  

Growth Leaders Fund

    12,438,722       1,225,393       (3,781,787     (2,556,394                               (2,556,394

India Earnings Fund (consolidated)

    934,403,703       413,918,368       (25,275,169     388,643,199                                 388,643,199  

India ex-State-Owned Enterprises Fund

    5,309,922       1,777,410       (118,752     1,658,658                                 1,658,658  

New Economy Real Estate Fund

    27,085,267       243,437       (6,594,729     (6,351,292             1             1       (6,351,291
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign withholding taxes, as applicable, are accrued based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Foreign withholding taxes are accrued and applied to foreign income, net realized capital gains and net unrealized appreciation, as applicable, as the foreign income is earned or capital gains and unrealized appreciation are recorded. The dollar amount of applicable foreign withholding

 

110   WisdomTree Trust


Notes to Financial Statements (unaudited) (continued)

 

taxes on foreign income is included net in the Statements of Operations in “Less: Foreign withholding taxes,” the foreign capital gains tax applicable on the disposal of securities is included in the Statements of Operations in “Net realized gain (loss) from transactions” and the dollar amount of deferred foreign capital gains tax applicable on the unrealized appreciation on securities held is included in the Statements of Operations in “Net increase (decrease) in unrealized appreciation/depreciation from investment transactions”. The Funds record a foreign tax reclaim receivable on the ex-dividend date if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims that have been recorded but not yet received are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.

As a result of several European Court of Justice (“ECJ”) court cases in certain countries across the European Union (“EU”), certain Funds have filed additional tax reclaims for previously withheld taxes on dividends earned in those countries (“ECJ tax reclaims”). These additional filings are subject to various administrative proceedings by the local jurisdictions’ tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized, if any, for ECJ tax reclaims is reflected as “Other income” in the Statements of Operations and the cost to file these additional ECJ tax reclaims is reflected as “Other fees” in the Statements of

Operations. When the ECJ tax reclaim is not “more likely than not” to be sustained assuming examination by tax authorities due to the uncertainty that exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these ECJ tax reclaims, and the potential timing of payment, no amounts are reflected in the financial statements. For U.S. income tax purposes, ECJ tax reclaims received by the Funds, if any, reduce the amounts of foreign taxes Fund shareholders can use as tax credits in their individual income tax returns. In the event that ECJ tax reclaims received by a Fund during the fiscal year exceed foreign withholding taxes paid, and a Fund previously passed foreign tax credits on to its shareholders, a Fund must either amend historic tax reporting to shareholders or enter into a closing agreement with the Internal Revenue Service in order to pay the associated tax liability on behalf of the respective Fund’s shareholders. During the fiscal period ended September 30, 2023, the ECJ tax reclaims received by the Funds, if any, did not exceed the foreign withholding taxes of the respective Funds.

7. DEMAND NOTE

On September 14, 2023, the India Earnings Fund entered into a demand note agreement with Bank of America, N.A. which allowed the India Earnings Fund to borrow up to $360,000,000 with a final maturity date of September 29, 2023. During the period from September 14, 2023 through September 25, 2023, the India Earnings Fund had an average outstanding demand note balance of $213,750,000 and a weighted average interest rate of 8.04% per annum. On September 26, 2023, the India Earnings Fund fully repaid amounts borrowed under the demand note and interest expense related to the demand note was $565,014.

8. SUBSEQUENT EVENT

At the recommendation of WTAM, the investment adviser of the WisdomTree India ex-State Owned Enterprises Fund and the WisdomTree Growth Leaders Fund (the “Affected Funds”), after continued review of the product lineup and anticipated limited future prospect of investor demand for the Affected Funds, among other considerations, the Board of Trustees determined to close and liquidate the Affected Funds. After the close of business on October 20, 2023, the Affected Funds no longer accepted creation orders. The last day of secondary market trading of the Affected Funds’ shares was also October 20, 2023. Shareholders were able to sell Affected Fund shares through a broker in the standard manner through this date. Customary brokerage charges may have applied to such transactions. When the Affected Funds commenced liquidation of their portfolios, which occurred on or around October 23, 2023, but may have occurred before October 23, 2023, and at different times for each Affected Fund, the liquidation process resulted in the Affected Funds increasing their cash holdings and deviating from the investment objective and strategies stated in their prospectus. It is anticipated that shareholders remaining in the Affected Funds after the last day of trading will have their shares redeemed automatically on or around October 30, 2023, and will receive cash through their broker or other applicable financial intermediary thereafter in an amount equal to the net asset value of their shares as calculated on or about October 27, 2023. This amount is expected to include any accrued capital gains and dividends. Shareholders remaining in an Affected Fund and that receive cash will not be charged any transaction fees by the Affected Fund. Whether shareholders sell their shares or are automatically redeemed as described above, shareholders will generally recognize a capital gain (or loss) equal to the amount received for their shares (or below) the adjusted cost basis in such shares.

9. ADDITIONAL INFORMATION

Russia’s military invasion of Ukraine initiated in February 2022 and the economic and diplomatic responses by the United States and other countries have led to increased volatility and uncertainty in the financial markets and could continue to adversely affect regional and global economies for the foreseeable future. In response to Russia’s actions, the governments of the United States, the European Union, the United Kingdom, and many other countries collectively imposed heavy and broad-ranging economic sanctions on certain Russian individuals, corporate and banking entities, and other industries and businesses. The sanctions restrict companies

 

WisdomTree Trust      111  


Notes to Financial Statements (unaudited) (concluded)

 

from doing business with Russia and Russian companies, prohibit transactions with the Russian central bank and other key Russian financial institutions and entities, ban Russian airlines and ships from using many other countries’ airspace and ports, respectively, and place a freeze on certain Russian assets. The sanctions also removed some Russian banks from the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the electronic network that connects banks globally to facilitate cross-border payments. In addition, the United States has banned oil and other energy imports from Russia, as well as other popular Russian exports, such as diamonds, seafood and vodka. The European Union, the United Kingdom and other countries have also placed restrictions on certain oil, energy and luxury goods imports from Russia.

These sanctions, as well as other economic consequences related to the invasion, such as additional sanctions, boycotts, changes in consumer or purchaser preferences, or cyberattacks on governments, companies or individuals, may further decrease the value and liquidity of certain Russian securities as well as securities of issuers in other countries that are subject to or otherwise adversely affected by economic sanctions related to Russia’s invasion of Ukraine, including Russian counter measures. To the extent a Fund has exposure to Russian investments or investments in countries affected by the invasion or the sanctions, the Fund’s ability to price, buy, sell, receive or deliver, or receive dividends and interest payments on such investments may be impaired. In certain circumstances, such as when there is no market for a security or other means of valuing or disposing of a security, a Fund may determine to value the affected security at zero. In addition, any exposure a Fund may have to counterparties in Russia or in countries affected by the invasion could negatively affect the Fund’s portfolio. The extent and duration of Russia’s military actions and the repercussions of such actions are impossible to predict, but could result in continued significant market disruptions, including in the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. Further an escalation of the military conflict beyond Ukraine’s borders could result in significant, long-lasting damage to the economies of Eastern and Western Europe as well as the global economy. These and any related events could significantly and adversely affect a Fund’s performance and the value of an investment in the Fund, even in the absence of direct exposure to Russian issuers or issuers in other countries affected by the invasion.

*    *    *    *    *    *

Financial markets around the world may experience extreme volatility, depressed valuations, decreased liquidity and heightened uncertainty and turmoil resulting from major cybersecurity events, geopolitical events (including wars, such as Russia’s invasion of Ukraine, terror attacks, and disruptions to foreign economic and trade relationships), public health emergencies, such as the COVID-19 pandemic, measures to address budget deficits, downgrading of sovereign debt, and public sentiment, among other events. Resulting market volatility, dramatic changes to interest rates, and otherwise unfavorable economic conditions may negatively impact Fund performance or impair a Fund’s ability to achieve its investment objective.

In March 2023, the financial distress of certain financial institutions raised economic concerns over disruption in the U.S. banking system and regarding the solvency of certain financial services firms. There can be no certainty that the actions taken by the U.S. government to strengthen public confidence in the U.S. banking system will be effective in mitigating the effects of financial institution failures on the economy and restoring public confidence in the U.S. banking system.

*    *    *    *    *    *

Raising the ceiling on U.S. government debt has become increasingly politicized. Any failure to increase the total amount that the U.S. government is authorized to borrow could lead to a default on U.S. government obligations, with unpredictable consequences for economies and markets in the U.S. and elsewhere. On August 1, 2023, Fitch Ratings, Inc. downgraded its U.S. debt rating from the highest AAA rating to AA+, citing “a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has manifested in repeated debt limit standoffs and last-minute resolutions.” The impacts, if any, of the downgrade on financial markets are unknown at this time. The downgrade has potential market impacts, including but not limited to, steep stock market declines and rising bond yields.

 

112   WisdomTree Trust


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

 

Consideration of the Approval and Renewal of Investment Advisory and Sub-Advisory Agreements

At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 18-19, 2023 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of (i) the investment advisory agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of its applicable series (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”), and (ii) the sub-advisory agreement between WTAM and Mellon Investments Corporation (“Mellon” or the “Sub-Adviser”), pursuant to which Mellon coordinates the investment and reinvestment of the assets of the applicable Funds (“Sub-Advisory Agreements” and, together with the Advisory Agreements, the “Agreements”).

The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 18, 2023, representatives from WTAM presented detailed information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.

The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the approval and renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered. Each Fund was considered separately.

Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the role of WisdomTree, Inc. (“WT”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WT indexes are unique, based on WT’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WT’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WT indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of the Sub-Adviser’s performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Adviser under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.

Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Adviser under the Advisory Agreements and Sub-Advisory Agreements, respectively, are adequate and appropriate and supported the Board’s approval of the approval and renewal of the Agreements.

Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index, (2) comparing, with respect to the actively-managed Funds, each Fund’s performance with the performance of a group of comparable funds (the “Performance Group”) for various periods ended May 31, 2023, and (3) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Performance Groups, Expense Groups and Expense Universes. The Board noted that the Performance Groups, Expense Groups and Expense Universes included only pure-index and index-based exchange traded funds (“ETFs”) as comparison funds, except that the Performance Groups, Expense Groups and Expense Universes for the actively-managed Funds included only actively-managed ETFs and mutual funds as comparison funds. The Board also noted

 

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

 

that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Performance Groups, Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds.

The Board discussed the index Funds’ performance, noting that the substantial majority of index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. The Board also discussed the performance of the actively-managed Funds and noted that total return performance of the Funds was variously above, at and below the relevant Performance Group medians for the time periods measured.

The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer data and/or the unique attributes of a Fund.

The Board considered the fees to the Sub-Adviser in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Adviser and WTAM. The Board also noted that the Sub-Adviser’s fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the role of the Sub-Adviser in making investment recommendations with respect to a Fund that is model-based, with oversight by WTAM in seeking to ensure consistency with such quantitative models. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.

Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the Sub-Adviser and the Fund’s total expenses supported the Board’s approval and renewal of the relevant Agreements.

Analysis of Profitability and Economies of Scale. WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.

The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Adviser, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that, in the past, certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.

 

114   WisdomTree Trust


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

 

*    *    *    *    *    *

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the approval to renew the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of the Funds and the services provided to the Funds by WTAM and the Sub-Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.

 

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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters as an exhibit to their reports on Form N-PORT. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: [email protected].

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com/investments.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com/investments.

 

116   WisdomTree Trust


The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree, Inc., its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Dividends are not guaranteed, and a company currently paying dividends may cease paying dividends at any time. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


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WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S.

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