LOGO

 

LOGO

 

WisdomTree Trust

Semi-Annual Report

December 31, 2021

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Emerging Markets ESG Fund (RESE)

WisdomTree International ESG Fund (RESD)

Fixed Income ETFs:

WisdomTree U.S. Corporate Bond Fund (WFIG)

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

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

Efficient Core ETFs:

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

WisdomTree International Efficient Core Fund (NTSI)

WisdomTree U.S. Efficient Core Fund (NTSX)

Megatrends ETFs:

WisdomTree Artificial Intelligence and Innovation Fund (WTAI)

WisdomTree BioRevolution Fund (WDNA)

WisdomTree Cloud Computing Fund (WCLD)

WisdomTree Cybersecurity Fund (WCBR)

 


Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Terms and Indexes (unaudited)

       16  
Schedules of Investments (unaudited)

 

WisdomTree Dynamic Currency Hedged International Equity Fund

       20  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

       32  

WisdomTree Emerging Markets ESG Fund

       44  

WisdomTree International ESG Fund

       48  

WisdomTree U.S. Corporate Bond Fund

       52  

WisdomTree U.S. High Yield Corporate Bond Fund

       60  

WisdomTree U.S. Short-Term Corporate Bond Fund

       68  

WisdomTree Emerging Markets Efficient Core Fund

       75  

WisdomTree International Efficient Core Fund

       81  

WisdomTree U.S. Efficient Core Fund

       87  

WisdomTree Artificial Intelligence and Innovation Fund

       94  

WisdomTree BioRevolution Fund

       96  

WisdomTree Cloud Computing Fund

       98  

WisdomTree Cybersecurity Fund

       100  

Statements of Assets and Liabilities (unaudited)

       101  

Statements of Operations (unaudited)

       104  

Statements of Changes in Net Assets (unaudited)

       107  

Financial Highlights (unaudited)

       112  

Notes to Financial Statements (unaudited)

       119  

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

       132  

General Information (unaudited)

       136  

“WisdomTree” is a registered mark of 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.

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 July 1, 2021 to December 31, 2021. 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 184/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

The first line in the shareholder expense example table shown on the following pages provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period” to estimate the expenses you paid on your account during the period.

Hypothetical example for comparison purposes

The second line in the shareholder expense example table shown on the following pages provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

WisdomTree Trust      1  


Performance Summary

as of December 31, 2021 (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.0%  

Industrials

    13.7%  

Materials

    11.7%  

Consumer Staples

    9.8%  

Health Care

    9.0%  

Consumer Discretionary

    8.8%  

Communication Services

    6.8%  

Utilities

    6.6%  

Information Technology

    4.1%  

Real Estate

    4.0%  

Energy

    3.6%  

Other Assets less Liabilities‡

    -0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Nestle S.A., Registered Shares

    2.2%  

Rio Tinto PLC

    1.8%  

BHP Group Ltd.

    1.5%  

Novartis AG, Registered Shares

    1.3%  

Roche Holding AG

    1.2%  

Toyota Motor Corp.

    1.2%  

BHP Group PLC

    1.1%  

LVMH Moet Hennessy Louis Vuitton SE

    1.0%  

AXA S.A.

    1.0%  

Commonwealth Bank of Australia

    1.0%  
*

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

The WisdomTree Dynamic Currency Hedged International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Equity Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the industrialized world outside the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. 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 December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,036.60        0.41   $ 2.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.14        0.41   $ 2.09  

Performance

 

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

Fund NAV Returns

       3.66      14.33      9.85      6.92      8.12

Fund Market Price Returns

       2.96      14.71      10.10      6.92      8.12

WisdomTree Dynamic Currency Hedged International Equity Index

       3.87      14.81      10.21      7.19      8.35

MSCI EAFE Local Currency Index

       5.28      18.70      13.35      8.36      8.85

MSCI EAFE Index

       2.24      11.26      13.54      9.55      9.11

MSCI EAFE Value Index

       0.19      10.89      7.82      5.34      6.34
* 

Returns of less than one year are cumulative.

 

1

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

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

 

2   WisdomTree Trust


Performance Summary

as of December 31, 2021 (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    23.2%  

Financials

    15.3%  

Materials

    12.4%  

Consumer Discretionary

    12.1%  

Real Estate

    10.3%  

Information Technology

    7.1%  

Consumer Staples

    6.7%  

Health Care

    4.1%  

Communication Services

    3.9%  

Utilities

    3.0%  

Energy

    2.0%  

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  

Ferrexpo PLC

    1.3%  

PostNL N.V.

    1.0%  

Cia de Distribucion Integral Logista Holdings S.A.

    0.7%  

NetLink NBN Trust

    0.7%  

Peab AB, Class B

    0.7%  

Nexity S.A.

    0.6%  

Metropole Television S.A.

    0.6%  

Metcash Ltd.

    0.6%  

Oesterreichische Post AG

    0.5%  

Londonmetric Property PLC

    0.5%  
*

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

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in the small-capitalization segment of dividend-paying companies in the industrialized world outside the U.S. and Canada while at the same time dynamically hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. 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 December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,033.30        0.49   $ 2.51  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.74        0.49   $ 2.50  

Performance

 

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

Fund NAV Returns

       3.33      16.11      12.47      8.21      9.48

Fund Market Price Returns

       3.93      17.69      12.58      8.51      9.67

WisdomTree Dynamic Currency Hedged International SmallCap Equity Index

       3.58      16.63      12.95      8.68      9.96

MSCI EAFE Small Cap Local Currency Index

       3.97      17.28      15.33      9.80      10.04

MSCI EAFE Small Cap Index

       0.97      10.10      15.62      11.04      10.43

MSCI EAFE Small Cap Value Index

       0.38      11.60      11.72      8.25      8.75
* 

Returns of less than one year are cumulative.

 

1 

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

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

 

WisdomTree Trust      3  


Performance Summary

as of December 31, 2021 (unaudited)

WisdomTree Emerging Markets ESG Fund (RESE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    25.7%  

Financials

    17.5%  

Consumer Discretionary

    17.1%  

Materials

    10.2%  

Consumer Staples

    8.3%  

Communication Services

    7.7%  

Industrials

    6.4%  

Health Care

    5.0%  

Utilities

    2.2%  

Real Estate

    0.1%  

Other Assets less Liabilities‡

    -0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    7.4%  

Tencent Holdings Ltd.

    4.8%  

Samsung Electronics Co., Ltd.

    4.3%  

Infosys Ltd.

    1.4%  

SK Hynix, Inc.

    1.0%  

JD.com, Inc., ADR

    1.0%  

MediaTek, Inc.

    0.9%  

Housing Development Finance Corp., Ltd.

    0.9%  

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

    0.9%  

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 916.20        0.32   $ 1.55  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.59        0.32   $ 1.63  

Performance

 

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

Fund NAV Returns2

       -8.38      0.61      10.36      8.89      9.80

Fund Market Price Returns2

       -8.49      1.01      10.39      8.76      9.73

MSCI Emerging Markets Extended ESG Focus Index3

       -9.46      -2.25      11.87      N/A        N/A  

MSCI Emerging Markets Index

       -9.30      -2.54      10.94      9.87      10.14
* 

Returns of less than one year are cumulative.

 

1 

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

 

2 

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

 

3 

The MSCI Emerging Markets Extended ESG Focus Index began on March 27, 2018.

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 December 31, 2021 (unaudited)

WisdomTree International ESG Fund (RESD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    17.3%  

Industrials

    15.0%  

Health Care

    14.8%  

Information Technology

    12.8%  

Consumer Staples

    11.8%  

Consumer Discretionary

    10.5%  

Materials

    6.3%  

Communication Services

    6.1%  

Utilities

    2.8%  

Real Estate

    1.9%  

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  

ASML Holding N.V.

    2.8%  

Nestle S.A., Registered Shares

    2.6%  

Roche Holding AG

    1.9%  

Novo Nordisk A/S, Class B

    1.7%  

Sony Group Corp.

    1.4%  

Novartis AG, Registered Shares

    1.3%  

AstraZeneca PLC

    1.3%  

SAP SE

    1.2%  

Diageo PLC

    1.2%  

L’Oreal S.A.

    1.1%  
*

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

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,025.40        0.30   $ 1.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.69        0.30   $ 1.53  

Performance

 

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

Fund NAV Returns2

       2.54      11.83      17.99      11.98      12.39

Fund Market Price Returns2

       2.60      12.58      18.15      12.06      12.44

MSCI EAFE Extended ESG Focus Index3

       2.53      11.66      14.43      N/A        N/A  

MSCI EAFE Index

       2.24      11.26      13.54      9.55      9.69
* 

Returns of less than one year are cumulative.

 

1 

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

 

2 

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

 

3 

The MSCI EAFE Extended ESG Focus Index began on March 27, 2018.

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 December 31, 2021 (unaudited)

WisdomTree U.S. Corporate Bond Fund (WFIG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.1%  

Health Care

    13.4%  

Information Technology

    11.9%  

Industrials

    9.8%  

Utilities

    8.8%  

Communication Services

    7.8%  

Consumer Staples

    6.0%  

Energy

    5.8%  

Consumer Discretionary

    4.5%  

Real Estate

    1.9%  

Materials

    1.7%  

Other Assets less Liabilities‡

    2.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Oracle Corp.,
5.38%, 7/15/40

    1.3%  

Oracle Corp.,
2.88%, 3/25/31

    1.2%  

Bank of America Corp.,
1.90%, 7/23/31

    1.0%  

Wells Fargo & Co.,
1.65%, 6/2/24

    0.8%  

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

    0.7%  

Morgan Stanley,
7.25%, 4/1/32

    0.7%  

Citigroup, Inc.,
4.30%, 11/20/26

    0.7%  

Capital One Financial Corp.,
3.80%, 1/31/28

    0.6%  

Valero Energy Corp.,
3.40%, 9/15/26

    0.6%  

Enterprise Products Operating LLC,
5.95%, 2/1/41

    0.6%  
*

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

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,001.90        0.18   $ 0.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.30        0.18   $ 0.92  

Performance

 

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

Fund NAV Returns

       0.19      -1.35      7.25      4.98      4.35

Fund Market Price Returns

       -0.13      -1.55      7.18      5.12      4.29

WisdomTree U.S. Corporate Bond Index

       0.47      -1.04      7.51      5.26      4.74

ICE BofA Merrill Lynch U.S. Corporate Index

       0.11      -0.95      7.50      5.28      4.80
* 

Returns of less than one year are cumulative.

 

1 

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

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

 

6   WisdomTree Trust


Performance Summary

as of December 31, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    17.2%  

Communication Services

    15.1%  

Energy

    11.4%  

Health Care

    9.8%  

Industrials

    9.0%  

Real Estate

    7.1%  

Consumer Staples

    6.9%  

Information Technology

    6.9%  

Financials

    6.7%  

Materials

    4.7%  

Utilities

    3.1%  

Other Assets less Liabilities‡

    2.1%  

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  

Uniti Group L.P.,
7.88%, 2/15/25

    1.1%  

Ford Motor Co.,
5.29%, 12/8/46

    1.0%  

Charter Communications Operating LLC,
3.70%, 4/1/51

    0.9%  

DISH DBS Corp.,
7.75%, 7/1/26

    0.9%  

DaVita, Inc.,
4.63%, 6/1/30

    0.7%  

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

    0.7%  

MPH Acquisition Holdings LLC,
5.75%, 11/1/28

    0.7%  

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

    0.7%  

TransDigm, Inc.,
4.88%, 5/1/29

    0.7%  

Tenet Healthcare Corp.,
6.13%, 10/1/28

    0.7%  
*

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

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,014.90        0.38   $ 1.93  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.29        0.38   $ 1.94  

Performance

 

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

Fund NAV Returns

       1.49      4.64      8.50      5.74      6.41

Fund Market Price Returns

       1.39      4.20      8.43      6.16      6.44

WisdomTree U.S. High Yield Corporate Bond Index

       1.79      5.47      8.85      6.32      7.16

ICE BofA Merrill Lynch U.S. High Yield Index

       1.60      5.36      8.57      6.10      7.11
* 

Returns of less than one year are cumulative.

 

1 

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

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

 

WisdomTree Trust      7  


Performance Summary

as of December 31, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    35.8%  

Health Care

    13.3%  

Industrials

    9.6%  

Information Technology

    9.2%  

Consumer Discretionary

    5.5%  

Consumer Staples

    5.5%  

Utilities

    5.2%  

Communication Services

    4.7%  

Energy

    4.4%  

Real Estate

    2.2%  

Materials

    1.9%  

Other Assets less Liabilities‡

    2.7%  

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  

Boeing Co. (The),
3.10%, 5/1/26

    1.3%  

Morgan Stanley,
3.70%, 10/23/24

    1.1%  

JPMorgan Chase & Co.,
3.22%, 3/1/25

    0.9%  

Bank of America Corp.,
3.46%, 3/15/25

    0.9%  

AbbVie, Inc.,
3.60%, 5/14/25

    0.9%  

Boeing Co. (The),
2.20%, 2/4/26

    0.8%  

Broadcom, Inc.,
3.42%, 4/15/33

    0.8%  

Morgan Stanley,
2.72%, 7/22/25

    0.7%  

Gilead Sciences, Inc.,
3.50%, 2/1/25

    0.7%  

Bank of America Corp.,
3.37%, 1/23/26

    0.7%  
*

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

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 993.00        0.18   $ 0.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.30        0.18   $ 0.92  

Performance

 

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

Fund NAV Returns

       -0.70      -0.64      3.19      2.51      2.26

Fund Market Price Returns

       -0.74      -0.76      3.25      2.64      2.19

WisdomTree U.S. Short-Term Corporate Bond Index

       -0.56      -0.41      3.58      2.87      2.68

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

       -0.58      -0.34      4.12      3.19      2.95
* 

Returns of less than one year are cumulative.

 

1 

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

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

 

8   WisdomTree Trust


Performance Summary

as of December 31, 2021 (unaudited)

WisdomTree Emerging Markets Efficient Core Fund (NTSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    30.5%  

Financials

    19.5%  

Consumer Discretionary

    14.0%  

Communication Services

    11.4%  

Materials

    8.9%  

Energy

    6.5%  

Consumer Staples

    5.9%  

Health Care

    3.8%  

Industrials

    3.2%  

Utilities

    1.8%  

Real Estate

    1.3%  

Investment Company

    0.5%  

Other Assets less Liabilities‡

    -7.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    10.6%  

Samsung Electronics Co., Ltd.

    7.2%  

Tencent Holdings Ltd.

    4.8%  

Alibaba Group Holding Ltd.

    3.3%  

Meituan, Class B

    1.5%  

MediaTek, Inc.

    1.4%  

SK Hynix, Inc.

    1.3%  

Reliance Industries Ltd.

    1.3%  

Infosys Ltd.

    1.3%  

Vale S.A.

    1.3%  
*

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

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 911.70        0.29   $ 1.40  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.74        0.29   $ 1.48  

Performance

 

   
        Cumulative Return  
        6-Month      Since Inception1  

Fund NAV Returns

       -8.83      -4.63

Fund Market Price Returns

       -9.13      -4.58

MSCI Emerging Markets Index

       -10.38      -7.20
1 

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

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 December 31, 2021 (unaudited)

WisdomTree International Efficient Core Fund (NTSI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    15.2%  

Industrials

    14.2%  

Health Care

    12.2%  

Consumer Discretionary

    12.0%  

Consumer Staples

    9.7%  

Information Technology

    9.4%  

Materials

    6.8%  

Communication Services

    3.6%  

Energy

    3.1%  

Utilities

    2.7%  

Real Estate

    1.7%  

Other Assets less Liabilities‡

    9.4%  

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  

Nestle S.A., Registered Shares

    2.3%  

ASML Holding N.V.

    2.1%  

Roche Holding AG

    1.7%  

Toyota Motor Corp.

    1.4%  

LVMH Moet Hennessy Louis Vuitton SE

    1.4%  

Sony Group Corp.

    1.2%  

Novo Nordisk A/S, Class B

    1.1%  

Novartis AG, Registered Shares

    1.0%  

Royal Dutch Shell PLC, Class A

    1.0%  

SAP SE

    0.9%  
*

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

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,017.60        0.26   $ 1.32  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.89        0.26   $ 1.33  

Performance

 

   
        Cumulative Return  
        6-Month      Since Inception1  

Fund NAV Returns

       1.76      3.28

Fund Market Price Returns

       1.43      3.39

MSCI EAFE Index

       2.24      3.24
1 

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

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 December 31, 2021 (unaudited)

WisdomTree U.S. Efficient Core Fund (NTSX)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    27.5%  

Health Care

    11.8%  

Consumer Discretionary

    11.4%  

Financials

    9.7%  

Communication Services

    9.2%  

Industrials

    6.9%  

Consumer Staples

    5.2%  

Real Estate

    2.4%  

Energy

    2.3%  

Materials

    2.0%  

Utilities

    2.0%  

Other Assets less Liabilities‡

    9.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    6.2%  

Microsoft Corp.

    5.6%  

Amazon.com, Inc.

    3.2%  

Alphabet, Inc., Class A

    1.9%  

Tesla, Inc.

    1.9%  

Alphabet, Inc., Class C

    1.8%  

Meta Platforms, Inc., Class A

    1.7%  

NVIDIA Corp.

    1.5%  

JPMorgan Chase & Co.

    1.1%  

Johnson & Johnson

    1.0%  
*

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

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,096.00        0.20   $ 1.06  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.20        0.20   $ 1.02  

Performance

 

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

Fund NAV Returns

       9.60      22.17      26.15      19.54

Fund Market Price Returns

       9.51      22.21      26.31      19.57

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

       7.38      16.60      17.51      13.28

S&P 500® Index

       11.67      28.71      26.07      18.62
* 

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 August 2, 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      11  


Performance Summary

as of December 31, 2021 (unaudited)

WisdomTree Artificial Intelligence and Innovation Fund (WTAI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    74.8

Consumer Discretionary

    11.4

Industrials

    4.8

Communication Services

    4.3

Health Care

    3.5

Financials

    1.2

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  

Grid Dynamics Holdings, Inc.

    2.1%  

SK Hynix, Inc.

    2.1%  

Denso Corp.

    2.0%  

Marvell Technology, Inc.

    2.0%  

PKSHA Technology, Inc.

    2.0%  

Macronix International Co., Ltd.

    1.9%  

QUALCOMM, Inc.

    1.9%  

Samsung Electronics Co., Ltd.

    1.8%  

Nanya Technology Corp.

    1.8%  

PROS Holdings, Inc.

    1.8%  
*

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

The WisdomTree Artificial Intelligence and Innovation Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Artificial Intelligence & Innovation Index (the “Index”). In seeking to track the Index, the Fund primarily invests in equity securities of exchange-listed companies globally, including developed countries and emerging markets throughout the world, which are primarily involved in the investment theme of Artificial Intelligence and Innovation. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.

The Fund had less than six months of operating history at the end of the reporting period and therefore no discussion of Fund performance or comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.

Shareholder Expense Example (for the six-month period1 ended December 31, 2021)

 

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

Actual1

   $ 1,000.00      $ 974.60        0.45   $ 0.28  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.94        0.45   $ 2.29  
1 

Fund commenced operations on December 9, 2021. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 23/365 (to reflect the period since commencement of operations).

 

12   WisdomTree Trust


Performance Summary

as of December 31, 2021 (unaudited)

WisdomTree BioRevolution Fund (WDNA)

 

Sector Breakdown

 

Sector   % of Net Assets  

Health Care

    85.1%  

Materials

    7.0%  

Consumer Staples

    4.0%  

Energy

    3.8%  

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  

AstraZeneca PLC, ADR

    1.9%  

PerkinElmer, Inc.

    1.9%  

Pfizer, Inc.

    1.9%  

Eli Lilly & Co.

    1.9%  

Thermo Fisher Scientific, Inc.

    1.8%  

Zoetis, Inc.

    1.7%  

Repligen Corp.

    1.7%  

Danaher Corp.

    1.6%  

Vitrolife AB

    1.5%  

Agilent Technologies, Inc.

    1.5%  
*

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

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 886.80        0.45   $ 2.14  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.94        0.45   $ 2.29  

Performance

 

   
        Cumulative Return  
        6-Month      Since Inception1  

Fund NAV Returns

       -11.32      -5.58

Fund Market Price Returns

       -11.41      -5.54

WisdomTree BioRevolution Index

       -11.11      -5.31

S&P 500® Health Care Index

       11.91      16.53

S&P Biotechnology Select Industry Index

       -17.36      -12.00
1 

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

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  


Performance Summary

as of December 31, 2021 (unaudited)

WisdomTree Cloud Computing Fund (WCLD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    97.4%  

Health Care

    1.5%  

Consumer Discretionary

    1.1%  

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  

New Relic, Inc.

    2.8%  

Tenable Holdings, Inc.

    2.6%  

Datadog, Inc., Class A

    2.6%  

Mimecast Ltd.

    2.5%  

Zscaler, Inc.

    2.5%  

Snowflake, Inc., Class A

    2.4%  

Qualys, Inc.

    2.4%  

Bill.com Holdings, Inc.

    2.3%  

Zuora, Inc., Class A

    2.2%  

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 928.10        0.45   $ 2.19  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.94        0.45   $ 2.29  

Performance

 

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

Fund NAV Returns

     -7.19      -3.10      36.82

Fund Market Price Returns

     -7.38      -3.14      36.82

BVP Nasdaq Emerging Cloud Index

     -7.08      -2.74      37.33

S&P 500® Information Technology Index

     18.26      34.53      40.33

S&P 500® Growth Index

     15.49      32.01      31.37
* 

Returns of less than one year are cumulative.

 

1 

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

 

14   WisdomTree Trust


Performance Summary

as of December 31, 2021 (unaudited)

WisdomTree Cybersecurity Fund (WCBR)

 

Country Breakdown

 

Country   % of Net Assets  

United States

    84.3%  

United Kingdom

    6.0%  

Israel

    5.0%  

Japan

    3.9%  

Canada

    0.7%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

The Fund’s country breakdown may change over time. It does not include derivatives (if any).

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Datadog, Inc., Class A

    6.9%  

Palo Alto Networks, Inc.

    6.3%  

Cloudflare, Inc., Class A

    5.5%  

Rapid7, Inc.

    5.3%  

Tenable Holdings, Inc.

    4.8%  

Zscaler, Inc.

    4.8%  

Okta, Inc.

    4.7%  

Fortinet, Inc.

    4.6%  

Sailpoint Technologies Holdings, Inc.

    4.3%  

Crowdstrike Holdings, Inc., Class A

    4.2%  
*

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

Shareholder Expense Example (for the six-month period ended December 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,072.50        0.45   $ 2.35  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.94        0.45   $ 2.29  

Performance

 

   
        Cumulative Return  
        6-Month      Since Inception1  

Fund NAV Returns

       7.25      8.40

Fund Market Price Returns

       6.99      8.41

WisdomTree Team8 Cybersecurity Index

       7.56      9.01

S&P 500® Information Technology Index

       18.26      33.13

S&P 500® Growth Index

       15.49      30.87
1 

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

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

 

WisdomTree Trust      15  


Description of Terms and Indexes (unaudited)

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The MSCI Extended ESG Focus Indexes (the “Indexes”) are designed to maximize their exposure to positive environmental, social and governance (ESG) factors while exhibiting risk and return characteristics similar to those of the underlying market capitalization weighted index.

 

16   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

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

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

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

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

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

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

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

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

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

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

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

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

 

WisdomTree Trust      17  


Description of Terms and Indexes (unaudited) (continued)

 

 

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

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

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

Nasdaq® and the BVP Nasdaq Emerging Cloud Index are registered trademarks and service marks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by WisdomTree. The fund has not been passed on by the Corporations as to its legality or suitability. The fund is not issued, endorsed, sold, or

 

18   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

 

promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

WisdomTree Investments, 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 Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments 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 Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.

* * * * * *

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

 

CURRENCY ABBREVIATIONS:
AUD   Australian dollar    GBP   British pound    PHP   Philippine peso
BRL   Brazilian real    HKD   Hong kong dollar    SEK   Swedish krona
CHF   Swiss franc    ILS   Israeli new shekel    SGD   Singapore dollar
CLP   Chilean peso    JPY   Japanese yen    USD   U.S. dollar
CNH   Offshore Chinese renminbi    MXN   Mexican peso    ZAR   South african rand
DKK   Danish krone    MYR   Malaysian ringgit     
EUR   Euro    NOK   Norwegian krone     
OTHER ABBREVIATIONS:
ADR   American Depositary Receipt
CVA   Certificaten Van Aandelen (Certificate of Stock)
GDR   Global Depositary Receipt
NVDR   Non-Voting Depositary Receipt
RSP   Risparmio Italian Savings Shares

 

WisdomTree Trust      19  


Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.1%

 

Australia – 10.3%

 

Accent Group Ltd.

     8,998      $ 16,028  

Adairs Ltd.

     6,007        17,513  

Adbri Ltd.

     13,189        27,041  

Ampol Ltd.

     3,023        65,189  

Ansell Ltd.

     4,221        96,700  

APA Group

     11,157        81,604  

ASX Ltd.

     2,103        142,043  

Aurizon Holdings Ltd.

     20,882        52,986  

AusNet Services Ltd.

     76,948        143,779  

Australia & New Zealand Banking Group Ltd.

     30,708        614,195  

Bank of Queensland Ltd.(a)

     18,524        108,955  

Beach Energy Ltd.(a)

     28,470        26,081  

Bell Financial Group Ltd.

     61,563        83,476  

Bendigo & Adelaide Bank Ltd.(a)

     22,287        147,454  

BHP Group Ltd.(a)

     82,198        2,480,126  

BHP Group PLC

     63,480        1,891,141  

Brambles Ltd.

     2,161        16,701  

Cardno Ltd.*

     1,445        2,028  

Centuria Capital Group

     6,581        16,747  

Cleanaway Waste Management Ltd.

     23,917        54,427  

Coles Group Ltd.

     12,297        160,393  

Commonwealth Bank of Australia

     22,224        1,631,954  

Computershare Ltd.

     9,199        133,763  

Cromwell Property Group

     174,179        110,174  

CSL Ltd.

     1,297        274,144  

CSR Ltd.

     12,719        54,374  

Dexus

     19,437        157,144  

Dicker Data Ltd.(a)

     2,564        27,664  

Downer EDI Ltd.

     12,239        53,034  

Dusk Group Ltd.

     806        1,869  

Fortescue Metals Group Ltd.

     100,160        1,398,898  

Goodman Group

     13,047        251,374  

GPT Group (The)

     31,000        122,159  

Growthpoint Properties Australia Ltd.

     37,870        120,046  

Harvey Norman Holdings Ltd.

     32,834        117,927  

HT&E Ltd.(a)

     13,449        20,534  

Insignia Financial Ltd.

     12,585        33,123  

Insurance Australia Group Ltd.

     30,940        95,828  

IRESS Ltd.

     10,071        91,527  

IVE Group Ltd.

     9,022        11,413  

JB Hi-Fi Ltd.

     2,775        97,489  

Lendlease Corp., Ltd.

     9,487        73,735  

Lovisa Holdings Ltd.

     1,886        27,548  

Macmahon Holdings Ltd.

     271,438        36,510  

Macquarie Group Ltd.

     2,733        408,136  

Magellan Financial Group Ltd.(a)

     3,599        55,578  

Medibank Pvt Ltd.

     41,873        101,987  

Medusa Mining Ltd.

     1,860        960  

Metcash Ltd.(a)

     39,043        127,738  

Mineral Resources Ltd.

     4,275        174,056  

Mirvac Group

     57,193        121,004  

MyState Ltd.

     6,795        25,047  

National Australia Bank Ltd.

     36,267      760,451  

New Hope Corp., Ltd.(a)

     20,105        32,597  

Newcrest Mining Ltd.

     2,452        43,641  

NIB Holdings Ltd.

     10,546        53,749  

Nick Scali Ltd.

     1,535        17,131  

NRW Holdings Ltd.

     18,168        23,314  

Orora Ltd.

     32,598        82,951  

Pendal Group Ltd.

     13,699        55,476  

Platinum Asset Management Ltd.

     27,623        54,225  

QBE Insurance Group Ltd.

     8,807        72,676  

Ramsay Health Care Ltd.

     2,418        125,698  

Reliance Worldwide Corp., Ltd.

     17,674        80,569  

Resimac Group Ltd.

     25,832        35,684  

Sandfire Resources Ltd.

     17,418        83,328  

Santos Ltd.

     20,556        94,304  

Scentre Group

     35,555        81,687  

Seven Group Holdings Ltd.

     5,304        83,296  

Sigma Healthcare Ltd.(a)

     8,763        3,058  

Sims Ltd.

     7,198        84,047  

Sonic Healthcare Ltd.

     5,019        170,156  

South32 Ltd.

     48,594        141,674  

Southern Cross Media Group Ltd.

     11,638        16,415  

Stockland

     43,937        135,444  

Suncorp Group Ltd.

     19,009        152,993  

Super Retail Group Ltd.

     11,481        104,007  

Tabcorp Holdings Ltd.

     33,476        122,180  

Telstra Corp., Ltd.

     187,183        568,862  

Transurban Group

     26,971        271,000  

Vicinity Centres

     64,686        79,481  

Wesfarmers Ltd.

     15,212        655,851  

Westpac Banking Corp.

     28,921        448,927  

Woodside Petroleum Ltd.

     1,970        31,410  

Woolworths Group Ltd.

     10,590        292,656  

Worley Ltd.

     6,299        48,682  
     

 

 

 
Total Australia

 

     17,308,964  
Austria – 0.7%

 

BAWAG Group AG*(b)

     3,820        235,450  

Erste Group Bank AG

     1,066        50,127  

Oesterreichische Post AG

     2,256        96,977  

OMV AG

     5,615        318,950  

POLYTEC Holding AG(a)

     5,854        45,735  

Raiffeisen Bank International AG

     1,682        49,502  

Semperit AG Holding

     1,320        43,982  

Strabag SE, Bearer Shares

     5,187        216,186  

Telekom Austria AG*

     17,435        151,082  
     

 

 

 
Total Austria

 

     1,207,991  
Belgium – 0.8%

 

Anheuser-Busch InBev S.A./N.V.*

     4,922        297,608  

Bekaert S.A.

     2,330        103,708  

Cofinimmo S.A.

     952        152,107  

Econocom Group S.A./N.V.

     7,681        31,839  

Etablissements Franz Colruyt N.V.

     1,544        65,423  

KBC Group N.V.

     448        38,444  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2021

 

 

 

Investments    Shares      Value  

Proximus SADP

     6,555      $ 127,768  

Solvay S.A.(a)

     1,111        129,122  

Telenet Group Holding N.V.

     5,670        206,720  

UCB S.A.

     882        100,652  

Warehouses De Pauw CVA

     2,553        122,460  
     

 

 

 
Total Belgium               1,375,851  
China – 1.6%

 

Beijing Enterprises Holdings Ltd.

     16,000        55,206  

BOC Hong Kong Holdings Ltd.

     126,000        412,927  

China Everbright Environment Group Ltd.

     103,666        83,238  

China Merchants Port Holdings Co., Ltd.

     76,000        138,425  

China Nonferrous Mining Corp. Ltd.

     47,000        18,688  

China Power International Development Ltd.(a)

     244,000        164,309  

China Resources Pharmaceutical Group Ltd.(b)

     162,000        73,766  

China Resources Power Holdings Co., Ltd.

     70,000        234,342  

China Taiping Insurance Holdings Co., Ltd.

     45,600        62,584  

CITIC Ltd.

     493,000        486,910  

CSPC Pharmaceutical Group Ltd.

     52,320        56,841  

Fosun International Ltd.

     37,000        39,913  

Guangdong Investment Ltd.

     70,000        88,978  

Lenovo Group Ltd.(a)

     188,000        216,061  

Shanghai Industrial Holdings Ltd.

     39,000        56,827  

Shoucheng Holdings Ltd.

     178,000        35,389  

Shougang Fushan Resources Group Ltd.

     282,000        95,491  

Simcere Pharmaceutical Group Ltd.(b)

     43,000        49,584  

Sino-Ocean Group Holding Ltd.

     249,500        58,244  

Wilmar International Ltd.

     64,500        198,071  

Zensun Enterprises Ltd.(a)

     51,000        25,250  
     

 

 

 
Total China               2,651,044  
Denmark – 1.5%

 

Alm Brand A/S

     18,065        35,190  

AP Moller – Maersk A/S, Class B

     58        207,958  

Carlsberg A/S, Class B

     591        102,066  

Coloplast A/S, Class B

     1,314        231,247  

D/S Norden A/S

     671        17,072  

Danske Bank A/S

     7,208        124,482  

DSV A/S

     71        16,582  

Novo Nordisk A/S, Class B

     10,456        1,175,056  

Novozymes A/S, Class B

     1,361        111,789  

Orsted A/S(b)

     1,231        157,201  

Royal Unibrew A/S

     748        84,313  

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

     5,080        106,645  

Topdanmark A/S

     585        32,827  

Tryg A/S

     5,694        140,603  

Vestas Wind Systems A/S

     2,479        75,807  
     

 

 

 
Total Denmark               2,618,838  
Finland – 2.2%

 

Elisa Oyj

     2,318        142,662  

Fiskars Oyj Abp

     2,874        75,171  

Fortum Oyj

     16,167        496,214  

Kesko Oyj, Class B

     4,908        163,757  

Kone Oyj, Class B

     4,397        315,217  

Neste Oyj

     4,491        221,447  

Nokian Renkaat Oyj

     2,711      102,662  

Nordea Bank Abp

     107,032        1,306,299  

Orion Oyj, Class B

     1,756        72,928  

Sampo Oyj, Class A

     6,320        316,664  

Stora Enso Oyj, Class R

     2,638        48,419  

UPM-Kymmene Oyj

     7,403        281,689  

Uponor Oyj

     2,177        51,841  

Valmet Oyj

     2,583        110,798  
     

 

 

 
Total Finland               3,705,768  
France – 10.3%

 

Air Liquide S.A.

     3,950        688,704  

ALD S.A.(b)

     10,163        149,552  

Amundi S.A.(b)

     2,142        176,723  

Arkema S.A.

     725        102,111  

AXA S.A.

     55,616        1,656,110  

BNP Paribas S.A.

     14,975        1,034,887  

Bollore S.A.

     22,196        124,187  

Bouygues S.A.

     5,222        187,002  

Bureau Veritas S.A.

     4,805        159,447  

Capgemini SE

     770        188,701  

Carrefour S.A.

     3,349        61,336  

Chargeurs S.A.

     561        16,625  

Cie de Saint-Gobain

     3,688        259,482  

Cie Generale des Etablissements Michelin SCA

     980        160,649  

Cie Plastic Omnium S.A.

     2,920        75,909  

Coface S.A.

     1,130        16,101  

Covivio

     1,207        99,102  

Credit Agricole S.A.

     48,385        690,544  

Danone S.A.

     5,872        364,532  

Dassault Systemes SE

     2,340        139,199  

Edenred

     1,698        78,339  

Eiffage S.A.

     1,609        165,520  

Electricite de France S.A.

     11,645        136,797  

Engie S.A.

     25,471        376,958  

EssilorLuxottica S.A.

     1,236        263,181  

Eurazeo SE

     845        73,800  

Eutelsat Communications S.A.

     6,527        79,681  

Gecina S.A.

     1,066        148,986  

Hermes International

     192        335,374  

ICADE

     1,577        113,161  

Ipsen S.A.

     419        38,357  

Kering S.A.

     485        389,885  

Klepierre S.A.*

     4,379        103,829  

L’Oreal S.A.

     2,470        1,171,164  

La Francaise des Jeux SAEM(b)

     1,514        67,044  

Legrand S.A.

     1,637        191,558  

LVMH Moet Hennessy Louis Vuitton SE

     2,109        1,743,603  

Metropole Television S.A.

     5,306        103,543  

Nexity S.A.

     2,741        128,859  

Orange S.A.

     63,644        681,275  

Pernod Ricard S.A.

     1,309        314,838  

Publicis Groupe S.A.

     2,995        201,630  

Rexel S.A.*

     4,509        91,426  

Rothschild & Co.

     374        17,161  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2021

 

 

 

Investments    Shares      Value  

Rubis SCA

     2,007      $ 59,935  

Sanofi

     12,140        1,222,900  

Schneider Electric SE

     4,616        905,297  

SEB S.A.

     724        112,714  

Societe BIC S.A.

     1,125        60,539  

Societe Generale S.A.

     4,221        144,988  

Suez S.A.

     6,892        155,262  

Teleperformance

     236        105,205  

Television Francaise 1

     5,283        52,418  

Thales S.A.

     1,500        127,594  

Trigano S.A.

     570        110,843  

Valeo

     3,390        102,469  

Veolia Environnement S.A.

     5,240        192,235  

Verallia S.A.(b)

     1,766        62,177  

Vinci S.A.

     4,022        424,953  

Wendel SE

     1,023        122,618  
     

 

 

 
Total France               17,329,019  
Germany – 8.0%

 

adidas AG

     347        99,915  

Allianz SE, Registered Shares

     5,606        1,323,798  

BASF SE

     11,815        830,077  

Bayer AG, Registered Shares

     9,507        508,134  

Bayerische Motoren Werke AG

     4,204        423,052  

Beiersdorf AG

     864        88,802  

Bilfinger SE

     716        24,346  

Brenntag SE

     1,646        148,960  

Covestro AG(b)

     1,598        98,495  

Daimler AG, Registered Shares

     6,429        494,154  

Deutsche Boerse AG

     690        115,425  

Deutsche Post AG, Registered Shares

     13,560        871,871  

Deutsche Telekom AG, Registered Shares

     52,748        977,756  

Deutsche Wohnen SE, Bearer Shares

     3,272        137,599  

DWS Group GmbH & Co. KGaA(b)

     1,767        71,295  

E.ON SE

     51,621        715,712  

Evonik Industries AG

     4,991        161,589  

Freenet AG

     6,277        166,106  

Fresenius SE & Co. KGaA

     1,751        70,490  

GEA Group AG

     1,312        71,751  

Hannover Rueck SE

     1,338        254,331  

Hapag-Lloyd AG(b)

     1,277        402,260  

HeidelbergCement AG

     824        55,773  

Hella GmbH & Co. KGaA

     979        69,026  

Henkel AG & Co. KGaA

     1,583        123,673  

Hochtief AG

     1,989        160,594  

Infineon Technologies AG

     3,604        167,053  

Knorr-Bremse AG

     156        15,416  

LEG Immobilien SE

     899        125,441  

Merck KGaA

     511        131,912  

METRO AG

     11,984        125,652  

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares

     1,719        509,237  

ProSiebenSat.1 Media SE

     5,957        94,908  

Rheinmetall AG

     792        74,809  

RWE AG

     3,615        146,844  

SAP SE

     5,361      761,456  

Siemens AG, Registered Shares

     6,114        1,061,559  

Siemens Healthineers AG(b)

     5,146        385,181  

Stroeer SE & Co. KGaA

     1,304        102,766  

TAG Immobilien AG

     3,653        102,235  

Talanx AG

     3,699        178,945  

Telefonica Deutschland Holding AG

     34,403        95,499  

Traton SE

     4,376        110,177  

Vantage Towers AG

     2,570        94,108  

Volkswagen AG

     1,452        426,674  

Vonovia SE

     4,995        275,495  
     

 

 

 
Total Germany               13,450,351  
Hong Kong – 2.8%

 

AIA Group Ltd.

     56,400        568,608  

Bank of East Asia Ltd. (The)

     42,949        61,700  

CLP Holdings Ltd.

     43,500        439,391  

Hang Lung Group Ltd.

     48,000        102,572  

Hang Lung Properties Ltd.

     49,000        100,812  

Hang Seng Bank Ltd.

     31,000        567,410  

Henderson Land Development Co., Ltd.

     55,000        234,214  

Hong Kong & China Gas Co., Ltd.

     159,816        248,857  

Hong Kong Exchanges & Clearing Ltd.

     7,659        447,380  

Hutchison Port Holdings Trust

     310,900        69,952  

Hysan Development Co., Ltd.

     37,000        114,375  

Link REIT

     22,400        197,242  

MTR Corp., Ltd.

     52,143        279,900  

Power Assets Holdings Ltd.

     42,500        264,933  

Singamas Container Holdings Ltd.

     142,000        21,310  

Sino Land Co., Ltd.

     62,000        77,219  

Sun Hung Kai Properties Ltd.

     33,500        406,488  

Swire Pacific Ltd., Class A

     21,500        122,305  

Swire Pacific Ltd., Class B

     50,000        48,998  

Swire Properties Ltd.

     53,600        134,339  

Techtronic Industries Co., Ltd.

     8,500        169,208  
     

 

 

 
Total Hong Kong               4,677,213  
Ireland – 0.3%

 

CRH PLC

     6,188        327,361  

Kerry Group PLC, Class A

     541        69,674  

Smurfit Kappa Group PLC

     3,264        179,801  
     

 

 

 
Total Ireland               576,836  
Israel – 0.4%

 

Azrieli Group Ltd.

     1,290        123,098  

Bank Hapoalim BM

     12,901        133,055  

Bank Leumi Le-Israel BM

     13,478        144,853  

Delek Group Ltd.*

     1        59  

Gazit-Globe Ltd.

     8,847        69,897  

ICL Group Ltd.

     14,899        143,657  

Mizrahi Tefahot Bank Ltd.

     2,531        97,584  

Tiv Taam Holdings 1 Ltd.

     5,700        20,365  

Victory Supermarket Chain Ltd.

     1,500        32,083  
     

 

 

 
Total Israel

 

     764,651  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2021

 

 

 

Investments    Shares      Value  
Italy – 4.0%

 

A2A SpA

     82,962      $ 162,272  

ACEA SpA

     5,807        123,886  

Alerion Cleanpower SpA(a)

     600        20,163  

Anima Holding SpA(b)

     21,037        107,415  

Assicurazioni Generali SpA(a)

     30,797        652,466  

Azimut Holding SpA

     3,322        93,235  

Banca Mediolanum SpA

     15,567        153,660  

Banco BPM SpA

     30,052        90,222  

BFF Bank SpA(b)

     7,808        62,954  

BPER Banca(a)

     22,017        45,644  

Enel SpA

     137,511        1,101,836  

Eni SpA

     47,326        657,670  

ERG SpA

     2,577        83,345  

Esprinet SpA

     1,264        18,543  

Ferrari N.V.

     534        138,153  

Hera SpA

     24,033        100,056  

Infrastrutture Wireless Italiane SpA(b)

     14,496        176,058  

Intesa Sanpaolo SpA

     349,794        904,565  

Iren SpA

     41,503        125,261  

Italgas SpA

     13,047        89,794  

Mediobanca Banca di Credito Finanziario SpA

     20,133        231,471  

Poste Italiane SpA(b)

     18,578        243,804  

Recordati Industria Chimica e Farmaceutica SpA

     1,869        120,087  

Snam SpA

     55,833        336,514  

Telecom Italia SpA

     265,229        130,963  

Terna - Rete Elettrica Nazionale

     32,229        260,734  

UniCredit SpA

     3,182        49,010  

Unieuro SpA(b)

     690        16,478  

Unipol Gruppo SpA

     23,618        128,356  

UnipolSai Assicurazioni SpA

     79,320        223,703  

Webuild SpA

     15,882        37,567  
     

 

 

 
Total Italy

 

     6,685,885  
Japan – 21.0%

 

Advan Group Co., Ltd.

     4,800        40,474  

Advantest Corp.

     1,000        94,655  

Aeon Co., Ltd.

     5,200        122,329  

AEON Financial Service Co., Ltd.

     5,100        55,006  

AGC, Inc.

     3,000        143,025  

Aichi Steel Corp.

     1,100        23,795  

Aisin Corp.

     2,200        84,252  

Ajinomoto Co., Inc.

     4,500        136,655  

Akatsuki, Inc.

     1,400        35,050  

Akita Bank Ltd. (The)

     1,500        21,297  

Aomori Bank Ltd. (The)(a)

     3,200        49,269  

Aruhi Corp.(a)

     4,800        43,559  

Asahi Group Holdings Ltd.

     2,000        77,704  

Asahi Holdings, Inc.

     3,800        67,648  

Asahi Kasei Corp.

     14,800        138,933  

Asahi Net, Inc.

     5,900        31,049  

Astellas Pharma, Inc.

     14,200        230,655  

Avex, Inc.(a)

     2,400        30,053  

Bandai Namco Holdings, Inc.

     1,100        85,914  

Bank of Iwate Ltd. (The)

     2,700        43,798  

Bank of Nagoya Ltd. (The)

     2,200      52,423  

Bridgestone Corp.

     6,500        279,350  

Brother Industries Ltd.

     3,100        59,521  

Canon, Inc.(a)

     8,700        211,616  

Cawachi Ltd.

     1,600        30,595  

Central Security Patrols Co., Ltd.

     900        18,859  

Chiba Bank Ltd. (The)

     17,500        100,148  

Chubu Electric Power Co., Inc.

     9,700        102,092  

Chugai Pharmaceutical Co., Ltd.(a)

     6,400        207,581  

Chugoku Electric Power Co., Inc. (The)

     7,700        62,253  

Chukyo Bank Ltd. (The)

     4,900        77,316  

Concordia Financial Group Ltd.

     23,700        86,028  

Cosmo Energy Holdings Co., Ltd.

     4,200        81,990  

Cybernet Systems Co., Ltd.(a)

     2,400        14,818  

Dai Nippon Printing Co., Ltd.

     3,700        92,954  

Dai-ichi Life Holdings, Inc.

     11,200        226,179  

Daifuku Co., Ltd.

     600        48,977  

Daiken Medical Co., Ltd.(a)

     1,900        9,240  

Daikin Industries Ltd.

     900        203,908  

Daikyonishikawa Corp.

     5,500        27,941  

Daito Trust Construction Co., Ltd.

     700        80,057  

Daiwa House Industry Co., Ltd.

     5,300        152,250  

Daiwa Securities Group, Inc.

     16,300        91,822  

Daiwabo Holdings Co., Ltd.

     3,400        54,327  

Denso Corp.

     4,800        397,197  

Dentsu Group, Inc.(a)

     3,200        113,933  

Digital Holdings, Inc.(a)

     700        8,012  

Disco Corp.

     200        61,048  

Ehime Bank Ltd. (The)

     3,400        24,624  

Electric Power Development Co., Ltd.

     8,000        106,083  

ENEOS Holdings, Inc.

     51,700        193,188  

FANUC Corp.

     1,100        232,886  

Fast Retailing Co., Ltd.

     200        113,430  

FIDEA Holdings Co., Ltd.

     1,500        17,416  

Fuji Electric Co., Ltd.

     2,100        114,524  

Fujicco Co., Ltd.

     4,600        75,139  

FUJIFILM Holdings Corp.

     2,600        192,502  

Fujimi, Inc.

     400        26,920  

Fujitsu Ltd.

     900        154,201  

Fukui Bank Ltd. (The)

     2,900        35,358  

Fukuoka Financial Group, Inc.

     6,300        107,831  

Furukawa Co., Ltd.

     4,700        51,834  

Futaba Industrial Co., Ltd.

     7,100        26,820  

GMO Financial Holdings, Inc.(a)

     11,000        80,717  

H-One Co., Ltd.

     1,600        9,393  

H.U. Group Holdings, Inc.

     4,100        103,964  

Hagiwara Electric Holdings Co., Ltd.

     600        10,921  

Hakudo Co., Ltd.

     100        2,567  

Haseko Corp.

     8,100        100,305  

Hitachi Ltd.

     5,600        302,966  

Hokkaido Gas Co., Ltd.

     100        1,323  

Hokkoku Financial Holdings, Inc.

     3,700        81,933  

Honda Motor Co., Ltd.

     13,400        375,859  

House Do Co., Ltd.

     2,400        19,216  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2021

 

 

 

Investments    Shares      Value  

Hoya Corp.

     900      $ 133,724  

Hulic Co., Ltd.

     3,700        35,087  

Hyakujushi Bank Ltd. (The)

     1,300        16,990  

Ichinen Holdings Co., Ltd.

     1,400        16,255  

Idemitsu Kosan Co., Ltd.

     4,500        114,771  

Iida Group Holdings Co., Ltd.

     2,200        51,124  

Inpex Corp.

     21,200        184,468  

Isuzu Motors Ltd.

     6,400        79,531  

ITOCHU Corp.

     18,300        559,067  

J-Oil Mills, Inc.

     4,700        68,160  

J. Front Retailing Co., Ltd.

     6,500        59,099  

Japan Exchange Group, Inc.

     4,100        89,651  

Japan Post Holdings Co., Ltd.

     49,500        385,494  

Japan Post Insurance Co., Ltd.

     5,300        85,146  

Japan Property Management Center Co., Ltd.

     900        7,831  

Japan Tobacco, Inc.(a)

     51,200        1,032,626  

JDC Corp.

     8,200        39,877  

JFE Holdings, Inc.

     5,900        75,162  

JM Holdings Co., Ltd.(a)

     1,700        24,314  

JSR Corp.

     2,500        94,981  

Kajima Corp.

     1,300        14,913  

Kansai Electric Power Co., Inc. (The)

     5,900        55,027  

Kao Corp.

     1,600        83,630  

KDDI Corp.

     33,400        975,127  

Keiyo Bank Ltd. (The)

     19,800        80,125  

Keyence Corp.

     330        207,133  

Ki-Star Real Estate Co., Ltd.

     300        23,264  

Kikkoman Corp.

     800        67,179  

Kirin Holdings Co., Ltd.(a)

     8,600        137,938  

Kisoji Co., Ltd.

     3,400        64,867  

Kobe Steel Ltd.

     15,300        76,663  

Komatsu Ltd.

     7,200        168,410  

Kubota Corp.

     7,000        155,221  

Kuraray Co., Ltd.(a)

     6,000        52,052  

Kyowa Kirin Co., Ltd.

     3,500        95,285  

Kyushu Electric Power Co., Inc.

     16,100        119,818  

Kyushu Railway Co.

     4,900        101,783  

Lawson, Inc.

     1,400        66,258  

LEC, Inc.

     2,500        18,779  

LIFULL Co., Ltd.

     15,400        32,363  

LIKE, Inc.

     500        7,742  

Lixil Corp.

     4,100        109,127  

Makita Corp.

     1,300        55,125  

Marubeni Corp.

     23,600        229,432  

Marvelous, Inc.

     3,900        24,757  

Matsui Securities Co., Ltd.

     3,100        21,294  

MatsukiyoCocokara & Co.

     1,400        51,791  

Mebuki Financial Group, Inc.

     41,100        84,588  

MEIJI Holdings Co., Ltd.

     1,900        113,187  

Mie Kotsu Group Holdings, Inc.

     3,900        16,358  

MINEBEA MITSUMI, Inc.

     3,100        87,895  

Ministop Co., Ltd.

     100        1,220  

Mitsubishi Chemical Holdings Corp.

     19,300        142,795  

Mitsubishi Corp.

     17,500        554,991  

Mitsubishi Electric Corp.

     13,800      174,784  

Mitsubishi Estate Co., Ltd.

     9,400        130,158  

Mitsubishi Gas Chemical Co., Inc.

     4,000        67,665  

Mitsubishi HC Capital, Inc.

     23,700        117,106  

Mitsubishi Heavy Industries Ltd.

     3,500        80,817  

Mitsubishi Materials Corp.

     5,000        85,754  

Mitsubishi UFJ Financial Group, Inc.

     165,200        896,474  

Mitsui Chemicals, Inc.

     2,300        61,717  

Mitsui Fudosan Co., Ltd.

     3,600        71,231  

Mitsui OSK Lines Ltd.

     3,100        229,899  

Miyazaki Bank Ltd. (The)

     1,100        19,869  

Mizuho Financial Group, Inc.

     28,950        367,799  

Mizuho Medy Co., Ltd.(a)

     300        6,143  

MS&AD Insurance Group Holdings, Inc.

     9,300        286,620  

Murata Manufacturing Co., Ltd.

     3,900        310,124  

Nabtesco Corp.(a)

     1,400        41,396  

NEC Capital Solutions Ltd.

     800        13,964  

NEC Corp.

     2,400        110,668  

NET One Systems Co., Ltd.

     1,200        32,304  

NGK Insulators Ltd.

     4,400        74,279  

NGK Spark Plug Co., Ltd.

     3,600        62,618  

Nidec Corp.

     700        82,185  

Nihon Chouzai Co., Ltd.

     2,100        25,075  

Nihon Flush Co., Ltd.(a)

     1,500        13,964  

Nihon Tokushu Toryo Co., Ltd.

     1,500        11,372  

Nihon Unisys Ltd.

     3,300        92,562  

Nintendo Co., Ltd.

     1,300        605,662  

Nippon Aqua Co., Ltd.

     3,300        19,687  

Nippon Carbon Co., Ltd.(a)

     1,500        54,318  

Nippon Electric Glass Co., Ltd.(a)

     3,900        99,875  

Nippon Express Co., Ltd.*

     1,800        106,526  

Nippon Gas Co., Ltd.

     5,100        67,539  

Nippon Steel Corp.

     7,100        115,821  

Nippon Telegraph & Telephone Corp.

     53,000        1,449,785  

Nippon Yusen K.K.

     3,000        228,214  

Nishimatsu Construction Co., Ltd.

     3,000        94,959  

Nissan Chemical Corp.

     1,100        63,810  

Nissin Foods Holdings Co., Ltd.

     1,300        94,716  

Nitori Holdings Co., Ltd.

     100        14,958  

Nitto Denko Corp.

     1,900        146,681  

NOF Corp.

     1,600        80,726  

Nomura Real Estate Holdings, Inc.

     3,300        75,855  

Nomura Research Institute Ltd.

     3,400        145,708  

NS United Kaiun Kaisha Ltd.

     500        15,175  

NTT Data Corp.

     6,900        147,761  

Oita Bank Ltd. (The)

     1,700        26,986  

Oji Holdings Corp.

     15,800        76,424  

Okinawa Financial Group, Inc.

     3,600        69,089  

Okuwa Co., Ltd.

     2,700        22,298  

Olympus Corp.

     2,700        62,122  

Omron Corp.

     800        79,614  

Ono Pharmaceutical Co., Ltd.

     5,900        146,328  

Open House Co., Ltd.

     1,300        67,961  

Osaka Gas Co., Ltd.

     5,900        97,398  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2021

 

 

 

Investments    Shares      Value  

Otsuka Holdings Co., Ltd.

     2,400      $ 86,888  

Panasonic Corp.

     16,700        183,453  

Pigeon Corp.(a)

     4,300        82,075  

Pola Orbis Holdings, Inc.(a)

     4,200        69,918  

Premium Group Co., Ltd.

     200        6,556  

Recruit Holdings Co., Ltd.

     2,500        151,361  

Resona Holdings, Inc.

     16,900        65,660  

Rohm Co., Ltd.

     700        63,645  

Roland Corp.

     700        23,890  

Sala Corp.

     3,000        16,465  

Sanoh Industrial Co., Ltd.

     800        6,572  

Sanshin Electronics Co., Ltd.(a)

     1,100        14,099  

SBI Holdings, Inc.

     3,300        89,840  

Scala, Inc.(a)

     500        2,866  

Scroll Corp.

     400        2,949  

SCSK Corp.

     5,400        107,339  

Secom Co., Ltd.

     1,100        76,285  

Sega Sammy Holdings, Inc.

     6,100        95,721  

Seikagaku Corp.

     4,600        37,589  

Seiko Epson Corp.

     6,800        122,294  

Sekisui Chemical Co., Ltd.

     7,500        125,179  

Sekisui House Ltd.

     9,600        205,830  

Senshu Ikeda Holdings, Inc.(a)

     7,200        10,629  

Seven & I Holdings Co., Ltd.

     3,300        144,890  

SG Holdings Co., Ltd.

     2,800        65,480  

Shimadzu Corp.

     1,200        50,593  

Shimamura Co., Ltd.

     800        67,110  

Shimano, Inc.

     400        106,500  

Shimizu Corp.

     11,200        69,347  

Shin-Etsu Chemical Co., Ltd.

     1,700        294,073  

Shinnihon Corp.

     2,000        14,190  

Shionogi & Co., Ltd.

     2,300        162,281  

Shiseido Co., Ltd.

     1,400        77,978  

SMC Corp.

     100        67,379  

Sodick Co., Ltd.

     6,900        49,074  

SoftBank Corp.

     116,300        1,468,962  

SoftBank Group Corp.

     3,400        160,441  

Sojitz Corp.

     4,780        71,728  

Sompo Holdings, Inc.

     4,700        198,318  

Sony Group Corp.

     2,100        263,970  

Square Enix Holdings Co., Ltd.

     1,200        61,482  

Subaru Corp.

     2,300        41,085  

Sumitomo Chemical Co., Ltd.

     11,100        52,244  

Sumitomo Corp.

     9,600        141,764  

Sumitomo Dainippon Pharma Co., Ltd.

     3,200        36,820  

Sumitomo Electric Industries Ltd.

     3,800        49,482  

Sumitomo Forestry Co., Ltd.

     3,300        63,791  

Sumitomo Heavy Industries Ltd.

     3,900        94,456  

Sumitomo Metal Mining Co., Ltd.

     3,700        139,768  

Sumitomo Mitsui Financial Group, Inc.

     17,700        606,062  

Sumitomo Mitsui Trust Holdings, Inc.

     5,200        173,537  

Sumitomo Realty & Development Co., Ltd.

     2,100        61,693  

Sumitomo Rubber Industries Ltd.

     10,600        107,882  

Suncall Corp.

     2,400        12,880  

Suntory Beverage & Food Ltd.

     2,900      104,763  

Suzuki Motor Corp.

     2,500        96,153  

Sysmex Corp.

     900        121,532  

Tachi-S Co., Ltd.

     1,000        10,976  

Taihei Dengyo Kaisha Ltd.

     1,800        44,861  

Taiho Kogyo Co., Ltd.(a)

     1,900        13,398  

Taisei Corp.

     2,500        75,876