WisdomTree Trust
Annual Report
March 31, 2023
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree International AI Enhanced Value Fund (AIVI)
WisdomTree International Equity Fund (DWM)
WisdomTree International High Dividend Fund (DTH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International Multifactor Fund (DWMF)
WisdomTree International Quality Dividend Growth Fund (IQDG)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
1 | ||||
Information about Performance and Shareholder Expense Examples (unaudited) |
3 | |||
4 | ||||
15 | ||||
Schedules of Investments | ||||
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77 | ||||
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“WisdomTree” is a registered mark of WisdomTree, Inc. (formerly, WisdomTree Investments, Inc.) and is licensed for use by the WisdomTree Trust.
(unaudited)
Developed international equity markets, as measured by the MSCI EAFE Index, were roughly flat for the 12-month fiscal year ending March 31, 2023 (the “period”), returning only -1.38% in U.S. dollar (USD) terms despite significant volatility at certain points.
Developed market currencies steadily weakened versus the USD during the period, as an aggressive rate hike campaign by the Federal Reserve in the U.S. created a policy gap that bolstered the USD and weighed on others whose central banks were not keeping pace. The USD also likely benefited due to its perceived status as a global safe-haven currency during market turmoil. The euro steadily weakened against the USD during the period, weakening by about 2.06%. Although not in Europe, this effect was even more pronounced in the Japanese yen, which is being suppressed by the Bank of Japan in attempt to stimulate economic growth while the rest of the global economy is overheating. The yen weakened by more than 8% versus the USD, though it fell even further during the fall of 2022 before slightly bouncing back. The British pound sterling (GBP) also struggled, weakening by over 6% versus the USD. The lone currency that strengthened among the G10 basket of currencies was the Swiss franc, another beneficiary of safe-haven status during periods of market stress, which rose by about 0.8%.
Similar to the rest of the world, developed international equity markets embarked on a protracted battle against record inflation and strong labor markets for most of calender year 2022, after record monetary and fiscal stimulus to support the post-pandemic economic recovery. Risk-off sentiment from the U.S. Federal Reserve’s campaign to combat inflation migrated to developed markets, and the MSCI EAFE plummeted by 14.5% in USD terms. The European Central Bank (ECB) held its benchmark refinancing rate at 0% during the quarter, but investors quickly surmised that it would soon have to act swiftly and decisively to combat inflation climbing into the 7-8% range. For context, the ECB has held rates at 0% in effort to stimulate economic growth since about 2016, and has held year-over-year inflation under 2% since roughly 2013, so these developments marked a significant paradigm shift. As the largest component of the developed market universe, Eurozone GDP grew 0.7% during the quarter.
Inflation neared its peak during the June to September quarter, reaching 9.9% year-over-year and marking the beginning of what would become five straight months of inflation in the 9-10% range. This weighed on market sentiment, especially as the ECB started to combat it by raising rates 1.25% from 0%. The MSCI EAFE Index fell 9.36% in USD terms, following broader market sentiment around the world with regional indexes heading deeper toward bear market territory. Eurozone gross domestic product (GDP) growth was relatively muted during the quarter at 0.3%.
After two straight quarters of deep declines, the final quarter of 2022 provided some optimism. Europe began to see disinflationary pressures materialize as inflation rolled off its 10.6% high in October. With signs of the ECB’s rate hike effort working so far, this provided a welcome respite to developed market investors, and the MSCI EAFE Index returned 17.34% in USD terms. Eurozone GDP growth was flat during the quarter, slightly declining by 0.1%. Continuing its fight against inflation, the ECB hiked another 1.25% to bring its refinancing rate up to 2.5% by the end of 2022.
Optimism from the end of 2022 continued into the first quarter of 2023, the final quarter of the fiscal period. Disinflation continued in Europe, falling from 9.2% down to 6.9% through March, as the ECB slowed the pace of its rate hike campaign. During the quarter, it raised rates only 1% between two 50 basis point hikes to conclude the period at 3.5%. Rates have not been this high since late 2008 amid a policy rate easing campaign during the Global Financial Crisis. Markets began to believe the end of the fight against inflation was in sight, and the MSCI EAFE Index returned 8.47% in USD terms. The quarter finished on a resounding note, despite fears of a banking crisis originating in the U.S. spreading overseas. Credit Suisse faced major solvency issues but crisis was averted after regulators helped facilitate a sale to UBS to stabilize the banking system, which appeased markets and contributed to the strong finish.
WisdomTree Trust | 1 |
Market Environment Overview
(unaudited) (concluded)
Entering the new fiscal year, many of these risk factors remain paramount, and global financial market performance will be heavily dependent continued improvement in the global banking sector and economic data releases, due to their influence on the future path of monetary policy.
Each WisdomTree Fund’s performance as set forth in “Management’s Discussion of Funds’ Performance” in the pages that follow should also be viewed in light of the foregoing market environment.
2 | WisdomTree Trust |
Information about Performance and Shareholder Expense Examples (unaudited)
Performance
The performance tables on the following pages are provided for comparative purposes and represent the period noted. Each Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the midpoint of the bid and ask price for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other exchange traded funds (“ETFs”), NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For the most recent month-end performance information visit www.wisdomtree.com/investments.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results.
Shareholder Expense Examples
Each Fund’s performance table is accompanied by a shareholder expense example. As a shareholder of a WisdomTree Fund, you incur two types of cost: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2022 to March 31, 2023. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (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 | 3 |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
Sector Breakdown†
Sector | % of Net Assets | |||
Health Care |
18.6% | |||
Consumer Staples |
18.1% | |||
Industrials |
17.4% | |||
Consumer Discretionary |
16.4% | |||
Financials |
8.5% | |||
Information Technology |
7.2% | |||
Communication Services |
6.0% | |||
Materials |
3.5% | |||
Utilities |
2.4% | |||
Energy |
0.7% | |||
Real Estate |
0.6% | |||
Other Assets less Liabilities‡ |
0.6% | |||
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 | |||
LVMH Moet Hennessy Louis Vuitton SE |
6.0% | |||
Novartis AG, Registered Shares |
4.4% | |||
Nestle SA, Registered Shares |
3.6% | |||
Sanofi |
3.3% | |||
Deutsche Telekom AG, Registered Shares |
3.1% | |||
Industria de Diseno Textil SA |
2.9% | |||
British American Tobacco PLC |
2.9% | |||
GSK PLC |
2.8% | |||
Roche Holding AG |
2.8% | |||
Unilever PLC |
2.7% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned -1.64% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from its positions in Consumer Discretionary and Real Estate due to a mix of allocation and stock selection effects in each. Consumer Staples and Health Care dragged on performance as a result of poor stock selection impacts. Although high quality stocks benefited in the U.S. last year, the same result was not evident in Europe. When analyzing performance by return-on-equity quintiles, the results are mixed. Overweighting higher-quality companies was additive within certain quintiles and negative in others. The same can be said for underweighting lower-quality companies, where it was beneficial in certain groups and but detracted in other segments.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,294.10 | 0.59 | % | $ | 3.37 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.99 | 0.59 | % | $ | 2.97 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.34 and $2.95, respectively. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns |
-1.64 | % | 13.90 | % | 5.65 | % | 4.49 | % | ||||||||
Fund Market Price Returns |
-1.02 | % | 14.39 | % | 5.55 | % | 4.45 | % | ||||||||
WisdomTree Europe Quality Dividend Growth Index |
-1.28 | % | 14.48 | % | 6.17 | % | 5.00 | % | ||||||||
MSCI Europe Index |
1.38 | % | 15.00 | % | 4.35 | % | 3.17 | % |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
4 | WisdomTree Trust |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree Europe SmallCap Dividend Fund (DFE)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
26.7% | |||
Consumer Discretionary |
14.8% | |||
Financials |
14.1% | |||
Materials |
13.8% | |||
Information Technology |
6.5% | |||
Real Estate |
6.2% | |||
Consumer Staples |
6.0% | |||
Energy |
4.1% | |||
Health Care |
2.9% | |||
Communication Services |
2.7% | |||
Utilities |
1.1% | |||
Investment Company |
0.0% | * | ||
Other Assets less Liabilities‡ |
1.1% | |||
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). |
* |
Represents less than 0.1%. |
Top Ten Holdings*
Description | % of Net Assets | |||
SSAB AB, Class A |
3.2% | |||
D/S Norden A/S |
1.9% | |||
Sydbank A/S |
1.3% | |||
Konecranes Oyj |
1.3% | |||
Redrow PLC |
1.2% | |||
MPC Container Ships ASA |
1.1% | |||
Pagegroup PLC |
1.1% | |||
Kloeckner & Co. SE |
1.1% | |||
Lenzing AG |
1.0% | |||
Outokumpu Oyj |
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 Europe SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned -8.50% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in Communication Services and Materials, primarily due to stock selection effects. Industrials and Energy weighed on performance, again due to stock selection. Due to the Fund’s focus on allocating more to European small caps that pay greater dividends, there was a positive allocation effect from the top quintile of payers, since that group was overweighted and outperformed during the fiscal year. Avoiding non-payers ultimately had a negative impact on performance, as non-payers rallied toward the end of the fiscal year and the Fund was not able to benefit.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,294.60 | 0.66 | % | $ | 3.78 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.64 | 0.66 | % | $ | 3.33 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.34 and $2.94, respectively. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns |
-8.50 | % | 16.79 | % | 0.54 | % | 7.08 | % | ||||||||
Fund Market Price Returns |
-7.33 | % | 17.26 | % | 0.43 | % | 7.14 | % | ||||||||
WisdomTree Europe SmallCap Dividend Index |
-8.80 | % | 17.16 | % | 0.86 | % | 7.68 | % | ||||||||
MSCI Europe Small Cap Index |
-11.20 | % | 13.93 | % | 1.30 | % | 6.82 | % |
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 |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree International AI Enhanced Value Fund (AIVI)
Sector Breakdown†
Sector | % of Net Assets | |||
Financials |
23.9% | |||
Industrials |
12.4% | |||
Consumer Staples |
10.9% | |||
Materials |
10.4% | |||
Health Care |
8.6% | |||
Real Estate |
8.2% | |||
Utilities |
6.7% | |||
Communication Services |
5.1% | |||
Consumer Discretionary |
4.6% | |||
Energy |
3.9% | |||
Information Technology |
3.3% | |||
Investment Company |
0.5% | |||
Other Assets less Liabilities‡ |
1.5% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Koninklijke Philips NV |
3.5% | |||
Enagas SA |
3.2% | |||
HeidelbergCement AG |
3.2% | |||
Swiss Re AG |
2.9% | |||
Aviva PLC |
2.9% | |||
M&G PLC |
2.8% | |||
Henkel AG & Co. KGaA |
2.7% | |||
Phoenix Group Holdings PLC |
2.7% | |||
Holcim AG, Registered Shares |
2.6% | |||
Publicis Groupe SA |
2.5% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International AI Enhanced Value Fund (the “Fund”) seeks income and capital appreciation by investing primarily in equity securities selected from a universe of developed market equities, excluding the United States and Canada, that exhibit value characteristics based on the selection results of a proprietary, quantitative artificial intelligence (AI) model developed by Voya Investment Management Co., LLC., the Fund’s sub-adviser. Prior to January 18, 2022, Fund performance reflects the investment objective of the Fund when it was the WisdomTree International Dividend ex-Financials Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index (the “Former Index”). In seeking to track the Former Index, the Fund invested in high-dividend-yielding companies in the developed world excluding the U.S. and Canada, and excluding the financials sector.
The Fund returned 0.80% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). As an AI-driven actively managed fund, the portfolio positioning underwent changes throughout the year. In fiscal Q1, significant returns were contributed by allocations to small caps with quality factor characteristics, while allocations to ‘deep-value’ mid-caps detracted. Shifting to Q2, the factor exposures transitioned to a combination of value and low volatility, with a small allocation to growth-oriented stocks that outperformed while much of the rest of the portfolio lagged. However, selection and allocation effects within the Energy and Utilities sectors were major detractors. Moving into Q3, the fund benefited from security selection in the Energy and Communications Services sectors, while selection within Utilities, Health Care, and Information Technology drove relative underperformance. Furthermore, reducing exposure to the momentum factor had positive effects. As the fiscal year concluded, the fund’s security selection in Materials and Communication Services sectors resulted in relative outperformance in Q4, although there were some detracting effects from selection within Industrials. Despite fluctuations and periods of underperformance earlier in the year, the fund rebounded in Q3 and Q4 to end the fiscal year performing in line with the market.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,285.80 | 0.59 | % | $ | 3.36 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.99 | 0.59 | % | $ | 2.97 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.33 and $2.95, respectively. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns1 |
0.80 | % | 12.24 | % | 2.48 | % | 3.56 | % | ||||||||
Fund Market Price Returns1 |
1.74 | % | 12.55 | % | 2.38 | % | 3.56 | % | ||||||||
MSCI EAFE Value Index |
-0.31 | % | 14.58 | % | 1.75 | % | 3.75 | % |
1 |
The Fund’s investment objective changed effective January 18, 2022. Prior to January 18, 2022, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
6 | WisdomTree Trust |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree International Equity Fund (DWM)
Sector Breakdown†
Sector | % of Net Assets | |||
Financials |
21.1% | |||
Industrials |
12.8% | |||
Materials |
11.3% | |||
Consumer Discretionary |
10.4% | |||
Consumer Staples |
8.9% | |||
Health Care |
8.1% | |||
Communication Services |
7.0% | |||
Energy |
6.5% | |||
Utilities |
5.1% | |||
Real Estate |
4.3% | |||
Information Technology |
3.4% | |||
Other Assets less Liabilities‡ |
1.1% | |||
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 | |||
BHP Group Ltd. |
3.7% | |||
Nestle SA, Registered Shares |
1.7% | |||
Novartis AG, Registered Shares |
1.7% | |||
Shell PLC |
1.6% | |||
LVMH Moet Hennessy Louis Vuitton SE |
1.5% | |||
TotalEnergies SE |
1.4% | |||
HSBC Holdings PLC |
1.4% | |||
Rio Tinto Ltd. |
1.2% | |||
Roche Holding AG |
1.0% | |||
Mercedes-Benz Group AG |
0.9% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned -1.55% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). From a sector perspective, no individual sectors made outsized positive or negative contributions, with most resulting in fewer than 10 basis points of outperformance or underperformance. The same can be said for country allocations. There were more significant impacts from dividend quintiles, where the Fund’s emphasis on overweighting larger dividend-payers was additive for performance, along with avoiding those that do not pay dividends. Certain quintiles, such as the third and fourth (representing groups of average-to-relatively smaller dividend-payers), had idiosyncratic effects that weighed on performance, which was evinced through negative stock selection effects.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,251.30 | 0.49 | % | $ | 2.75 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.49 | 0.49 | % | $ | 2.47 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.48% and the actual and hypothetical expenses paid during the period would have been $2.72 and $2.44, respectively. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns |
-1.55 | % | 12.12 | % | 1.96 | % | 4.17 | % | ||||||||
Fund Market Price Returns |
-1.01 | % | 12.35 | % | 1.85 | % | 4.10 | % | ||||||||
WisdomTree International Equity Index |
-1.33 | % | 12.53 | % | 2.18 | % | 4.40 | % | ||||||||
MSCI EAFE Index |
-1.38 | % | 12.99 | % | 3.52 | % | 5.00 | % | ||||||||
MSCI EAFE Value Index |
-0.31 | % | 14.58 | % | 1.75 | % | 3.75 | % |
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 |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree International High Dividend Fund (DTH)
Sector Breakdown†
Sector | % of Net Assets | |||
Financials |
24.0% | |||
Materials |
15.8% | |||
Utilities |
8.8% | |||
Industrials |
8.6% | |||
Energy |
8.1% | |||
Communication Services |
7.8% | |||
Consumer Discretionary |
7.4% | |||
Health Care |
7.3% | |||
Real Estate |
6.3% | |||
Consumer Staples |
3.9% | |||
Information Technology |
0.5% | |||
Investment Company |
0.3% | |||
Other Assets less Liabilities‡ |
1.2% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
BHP Group Ltd. |
5.8% | |||
Novartis AG, Registered Shares |
3.3% | |||
TotalEnergies SE |
2.9% | |||
Rio Tinto Ltd. |
2.4% | |||
HSBC Holdings PLC |
2.0% | |||
Mercedes-Benz Group AG |
1.8% | |||
Hapag-Lloyd AG |
1.5% | |||
British American Tobacco PLC |
1.4% | |||
BP PLC |
1.4% | |||
Sanofi |
1.4% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 0.01% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in Financials and Industrials, entirely due to stock selection effects. Materials and Consumer Discretionary weighed on performance via negative allocation effects, due to overweighting the former when it lagged the market and underweighting the latter when it outperformed. Japan and Switzerland were the two greatest country contributors due to positive stock selection, while the Netherlands and Australia lagged. Australia was overweighted when it subsequently underperformed, resulting in a negative allocation effect, while the Netherlands’ adverse impact was due to a combination of stock selection and allocation effects. The Fund’s emphasis on companies paying large dividends in the developed international universe was generally positive, as it was heavily overweight the top two quintiles of dividend-paying companies, both of which outperformed and resulted in positive allocation effects.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,264.30 | 0.58 | % | $ | 3.27 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio, actual and hypothetical expenses paid during the period would have been unchanged. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns |
0.01 | % | 13.95 | % | 2.01 | % | 3.66 | % | ||||||||
Fund Market Price Returns |
0.55 | % | 14.27 | % | 1.89 | % | 3.62 | % | ||||||||
WisdomTree International High Dividend Index |
0.26 | % | 14.43 | % | 2.31 | % | 3.95 | % | ||||||||
MSCI EAFE Value Index |
-0.31 | % | 14.58 | % | 1.75 | % | 3.75 | % |
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 |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree International LargeCap Dividend Fund (DOL)
Sector Breakdown†
Sector | % of Net Assets | |||
Financials |
22.5% | |||
Consumer Discretionary |
10.8% | |||
Materials |
10.6% | |||
Consumer Staples |
10.1% | |||
Health Care |
10.0% | |||
Industrials |
9.9% | |||
Energy |
7.9% | |||
Communication Services |
7.6% | |||
Utilities |
5.1% | |||
Information Technology |
2.5% | |||
Real Estate |
1.8% | |||
Investment Company |
0.1% | |||
Other Assets less Liabilities‡ |
1.1% | |||
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 | |||
BHP Group Ltd. |
5.1% | |||
Novartis AG, Registered Shares |
2.3% | |||
Nestle SA, Registered Shares |
2.3% | |||
LVMH Moet Hennessy Louis Vuitton SE |
2.2% | |||
Shell PLC |
2.1% | |||
TotalEnergies SE |
2.0% | |||
HSBC Holdings PLC |
1.9% | |||
Rio Tinto Ltd. |
1.6% | |||
Roche Holding AG |
1.5% | |||
Mercedes-Benz Group AG |
1.2% |
* |
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 International LargeCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned -0.05% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in Financials, Communication Services, and Real Estate, owing to positive stock selection impacts in each. Health Care weighed on performance due to poor stock selection, while Materials hurt performance due to the allocation effect, resulting from overweighting a lagging sector. Japan and Germany contributed positively at the country level due to positive stock selection, while the Netherlands and Australia both detracted, due to underweighting the former when it outperformed and overweighting the latter when it underperformed. Within the international large cap space, overweighting the top two quintiles of dividend-payers was additive, resulting in positive allocation effects.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,260.50 | 0.49 | % | $ | 2.76 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.49 | 0.49 | % | $ | 2.47 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.48% and the actual and hypothetical expenses paid during the period would have been $2.73 and $2.44, respectively. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns |
-0.05 | % | 12.50 | % | 2.70 | % | 4.01 | % | ||||||||
Fund Market Price Returns |
0.82 | % | 12.73 | % | 2.59 | % | 3.99 | % | ||||||||
WisdomTree International LargeCap Dividend Index |
0.11 | % | 12.83 | % | 2.94 | % | 4.28 | % | ||||||||
MSCI EAFE Index |
-1.38 | % | 12.99 | % | 3.52 | % | 5.00 | % | ||||||||
MSCI EAFE Value Index |
-0.31 | % | 14.58 | % | 1.75 | % | 3.75 | % |
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 |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree International MidCap Dividend Fund (DIM)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
19.9% | |||
Financials |
17.8% | |||
Materials |
13.8% | |||
Real Estate |
12.1% | |||
Consumer Discretionary |
7.8% | |||
Communication Services |
6.3% | |||
Utilities |
6.2% | |||
Consumer Staples |
5.6% | |||
Information Technology |
4.3% | |||
Energy |
3.1% | |||
Health Care |
2.2% | |||
Other Assets less Liabilities‡ |
0.9% | |||
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 | |||
South32 Ltd. |
1.4% | |||
Nippon Yusen KK |
1.2% | |||
Mitsui OSK Lines Ltd. |
0.9% | |||
Power Assets Holdings Ltd. |
0.9% | |||
ICL Group Ltd. |
0.8% | |||
OCI NV |
0.8% | |||
Koninklijke KPN NV |
0.7% | |||
Randstad NV |
0.7% | |||
ACS Actividades de Construccion y Servicios SA |
0.7% | |||
Poste Italiane SpA |
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 International MidCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned -5.68% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from its positions in Industrials, Financials, and Consumer Staples, primarily due to positive stock selection. Communication Services and Utilities weighed on performance due to poorer stock selection. Japan and Switzerland contributed the most positively from a country standpoint, while the Netherlands and Australia detracted. All four were due to stock selection effects. Within the international midcap space, performance attribution by dividend quintiles was more mixed, owing to stock selection effects within each of the five quintiles.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,239.80 | 0.59 | % | $ | 3.29 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.99 | 0.59 | % | $ | 2.97 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $3.26 and $2.95, respectively. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns |
-5.68 | % | 11.34 | % | 0.39 | % | 4.50 | % | ||||||||
Fund Market Price Returns |
-4.60 | % | 11.80 | % | 0.29 | % | 4.50 | % | ||||||||
WisdomTree International MidCap Dividend Index |
-5.58 | % | 11.72 | % | 0.77 | % | 4.90 | % | ||||||||
MSCI EAFE Mid Cap Index |
-6.23 | % | 11.07 | % | 1.46 | % | 5.14 | % | ||||||||
MSCI EAFE Mid Cap Value Index |
-4.65 | % | 12.46 | % | 0.60 | % | 4.80 | % |
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 |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree International Multifactor Fund (DWMF)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
17.8% | |||
Consumer Staples |
15.9% | |||
Financials |
14.5% | |||
Communication Services |
10.4% | |||
Health Care |
9.5% | |||
Utilities |
8.1% | |||
Consumer Discretionary |
6.9% | |||
Energy |
5.2% | |||
Materials |
4.8% | |||
Real Estate |
4.2% | |||
Information Technology |
2.4% | |||
Other Assets less Liabilities‡ |
0.3% | |||
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 | |||
National Grid PLC |
2.2% | |||
Novartis AG, Registered Shares |
2.1% | |||
Deutsche Telekom AG, Registered Shares |
1.9% | |||
ANZ Group Holdings Ltd. |
1.8% | |||
Toshiba Corp. |
1.8% | |||
Sanofi |
1.7% | |||
Swisscom AG, Registered Shares |
1.5% | |||
BHP Group Ltd. |
1.5% | |||
Jeronimo Martins SGPS SA |
1.4% | |||
TotalEnergies SE |
1.4% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Multifactor Fund (the “Fund”) seeks capital appreciation by investing primarily in equity securities of developed countries, excluding the U.S. and Canada, with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund seeks to manage its currency risk by dynamically hedging currency fluctuations in the relative value of the applicable international currencies against the U.S. dollar, ranging from a 0% to 100% hedge.
The Fund returned 2.76% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from its exposures to the Consumer Discretionary, Communication Services, and Financials sectors, primarily due to stock selection effects. The Fund was negatively impacted by its exposure to the Information Technology sector due to both allocation and stock selection effects, as well as its exposure to the Energy sector, primarily due to stock selection effects. In terms of country exposures, the Fund’s allocations to companies in France and Japan drove much of its returns. The Fund’s overexposure to companies with the highest dividend yields and underexposure to those with zero dividend yields were also major drivers of the Fund’s performance. The Fund also benefited from being currency-hedged during the period, as broad strength in the U.S. dollar versus most other developed market currencies would have otherwise weighed on Fund performance.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,168.90 | 0.39 | % | $ | 2.11 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.99 | 0.39 | % | $ | 1.97 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.38% and the actual and hypothetical expenses paid during the period would have been $2.08 and $1.94, respectively. |
Performance
Average Annual Total Return | ||||||||||||
1 Year | 3 Year | Since Inception1 | ||||||||||
Fund NAV Returns |
2.76 | % | 9.70 | % | 3.27 | % | ||||||
Fund Market Price Returns |
3.50 | % | 9.59 | % | 3.34 | % | ||||||
MSCI EAFE Local Currency Index |
3.84 | % | 14.63 | % | 5.70 | % | ||||||
MSCI EAFE Index |
-1.38 | % | 12.99 | % | 4.13 | % |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 11 |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree International Quality Dividend Growth Fund (IQDG)
Sector Breakdown†
Sector | % of Net Assets | |||
Consumer Discretionary |
20.9% | |||
Consumer Staples |
18.9% | |||
Health Care |
18.3% | |||
Industrials |
14.7% | |||
Information Technology |
11.7% | |||
Financials |
4.7% | |||
Communication Services |
3.6% | |||
Materials |
2.6% | |||
Utilities |
2.1% | |||
Energy |
1.1% | |||
Real Estate |
1.0% | |||
Other Assets less Liabilities‡ |
0.4% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
LVMH Moet Hennessy Louis Vuitton SE |
6.2% | |||
Unilever PLC |
4.4% | |||
Nestle SA, Registered Shares |
4.0% | |||
Novartis AG, Registered Shares |
4.0% | |||
Industria de Diseno Textil SA |
3.9% | |||
GSK PLC |
3.8% | |||
Novo Nordisk A/S, Class B |
3.1% | |||
L’Oreal SA |
3.0% | |||
SAP SE |
2.9% | |||
ASML Holding NV |
2.7% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned -4.85% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from positions in Real Estate, Communication Services, and Consumer Discretionary. Real Estate’s impact was a result of the allocation effect, where the sector was underweighted and subsequently underperformed the market. The latter two sectors contributed positively due to strong stock selection. Materials was a headwind, as the Fund was overweight and underperforming sector, resulting in a negative allocation effect that was compounded by poor stock selection. Spain and France were positive contributors at the country level, while Switzerland and the United Kingdom detracted. All four countries’ effects were a result of stock selection. Despite quality stocks being rewarded in the U.S. last year, high-quality stocks elsewhere did not have as much success during the period. The performance picture among quintiles ranked by return-on-equity was mixed for the Fund, ultimately due to stock selection effects within each. Lastly, local currency effects also weighed on the Fund, as most currencies in the developed market universe weakened versus the U.S. dollar for much of the fiscal year. During a period where the U.S. dollar steadily trended higher, hedging foreign currency exposures would have been additive.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,283.90 | 0.43 | % | $ | 2.45 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.79 | 0.43 | % | $ | 2.17 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.42% and the actual and hypothetical expenses paid during the period would have been $2.39 and $2.12, respectively. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | Since Inception1 | |||||||||||||
Fund NAV Returns |
-4.85 | % | 12.55 | % | 4.79 | % | 6.95 | % | ||||||||
Fund Market Price Returns |
-3.59 | % | 13.07 | % | 4.66 | % | 7.06 | % | ||||||||
WisdomTree International Quality Dividend Growth Index |
-4.83 | % | 12.95 | % | 5.15 | % | 7.31 | % | ||||||||
MSCI EAFE Index |
-1.38 | % | 12.99 | % | 3.52 | % | 6.62 | % |
1 |
Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 7, 2016. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
12 | WisdomTree Trust |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree International SmallCap Dividend Fund (DLS)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
23.9% | |||
Consumer Discretionary |
13.4% | |||
Materials |
13.1% | |||
Financials |
13.1% | |||
Real Estate |
10.9% | |||
Information Technology |
7.1% | |||
Consumer Staples |
5.7% | |||
Communication Services |
3.7% | |||
Health Care |
3.6% | |||
Utilities |
2.0% | |||
Energy |
2.0% | |||
Investment Company |
0.3% | |||
Other Assets less Liabilities‡ |
1.2% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
D/S Norden A/S |
0.9% | |||
SSAB AB, Class A |
0.8% | |||
Sims Ltd. |
0.6% | |||
Coface SA |
0.6% | |||
Azimut Holding SpA |
0.6% | |||
Charter Hall Long Wale REIT |
0.6% | |||
NOS SGPS SA |
0.6% | |||
Sydbank A/S |
0.5% | |||
Deterra Royalties Ltd. |
0.5% | |||
VGP NV |
0.5% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned -7.23% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from its positions in Materials, Communication Services, and Industrials, all of which were entirely due to positive stock selection. Utilities and Consumer Staples were a slight drag on performance also due to negative stock selection. At the country-level, Japan and France were additive due to stock selection, while Israel and Australia weighed on performance due to stock selection and allocation effects, respectively. When analyzing performance by dividend quintiles, a combination of allocation and stock selection effects positively contributed to performance within the top two quintiles, representing overweights to larger payers.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio1 |
Expenses Paid During the Period1 |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,201.10 | 0.58 | % | $ | 3.18 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 |
1 |
Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio, actual and hypothetical expenses paid during the period would have been unchanged. |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns |
-7.23 | % | 12.20 | % | -0.63 | % | 4.54 | % | ||||||||
Fund Market Price Returns |
-6.04 | % | 12.62 | % | -0.77 | % | 4.56 | % | ||||||||
WisdomTree International SmallCap Dividend Index |
-6.99 | % | 13.15 | % | 0.33 | % | 5.28 | % | ||||||||
MSCI EAFE Small Cap Index |
-9.83 | % | 12.07 | % | 0.87 | % | 5.86 | % | ||||||||
MSCI EAFE Small Cap Value Index |
-7.08 | % | 13.44 | % | 0.49 | % | 5.32 | % |
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 |
Management’s Discussion of Funds’ Performance
as of March 31, 2023 (unaudited)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
25.7% | |||
Materials |
16.3% | |||
Consumer Discretionary |
16.2% | |||
Information Technology |
12.8% | |||
Financials |
9.2% | |||
Consumer Staples |
7.2% | |||
Health Care |
4.7% | |||
Communication Services |
2.1% | |||
Real Estate |
1.8% | |||
Energy |
1.4% | |||
Utilities |
0.8% | |||
Investment Company |
0.2% | |||
Other Assets less Liabilities‡ |
1.6% | |||
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 | |||
Kobe Steel Ltd. |
1.1% | |||
Cosmo Energy Holdings Co. Ltd. |
0.9% | |||
Seven Bank Ltd. |
0.6% | |||
Nippon Steel Trading Corp. |
0.6% | |||
Nippon Electric Glass Co. Ltd. |
0.6% | |||
Aozora Bank Ltd. |
0.6% | |||
Tokyo Seimitsu Co. Ltd. |
0.6% | |||
Konica Minolta, Inc. |
0.5% | |||
K’s Holdings Corp. |
0.5% | |||
Tokyo Ohka Kogyo Co. Ltd. |
0.5% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Japan SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the Japanese equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
The Fund returned 3.62% at net asset value (“NAV”) for the fiscal year ended March 31, 2023 (for more complete performance information please see the table below). The Fund benefited from its positions in the Real Estate, Information Technology and Industrials sectors, due to a combination of allocation and stock selection effects in Real Estate and primarily stock selection in the latter two. Consumer Discretionary had a negative impact on performance for the fiscal year, due to poor stock selection, while Consumer Staples also weighed on performance but was relatively modest. The Fund received strong performance contributions by overweighting the higher dividend-paying companies in the Japanese small cap universe while also benefitting from underweighting lower dividend-payers and avoiding non-payers altogether.
Shareholder Expense Example (for the six-month period ended March 31, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,193.90 | 0.58 | % | $ | 3.17 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 |
Performance
Average Annual Total Return | ||||||||||||||||
1 Year | 3 Year | 5 Year | 10 Year | |||||||||||||
Fund NAV Returns |
3.62 | % | 7.27 | % | -1.23 | % | 5.35 | % | ||||||||
Fund Market Price Returns |
5.33 | % | 7.96 | % | -1.38 | % | 5.37 | % | ||||||||
WisdomTree Japan SmallCap Dividend Index |
3.94 | % | 7.61 | % | -0.82 | % | 5.98 | % | ||||||||
MSCI Japan Small Cap Index |
-1.43 | % | 6.07 | % | -1.34 | % | 5.36 | % |
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 |
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each Index referenced in this report:
Allocation Effect measures an investment manager’s ability to effectively allocate a portfolio’s assets to various segments. A segment refers to assets or securities that are grouped within a certain classification such as sectors, industries, or countries. The allocation effect determines whether the overweighting or underweighting of segments relative to a benchmark contributes positively or negatively to the overall portfolio return. Positive allocation occurs when the portfolio is overweighted in a segment that outperforms the benchmark and underweighted in a segment that underperforms the benchmark. Negative allocation occurs when the portfolio is overweighted in a segment that underperforms the benchmark and underweighted in a segment that outperforms the benchmark.
Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.
The MSCI EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of developed countries in Europe, Australasia and Japan.
The MSCI EAFE Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure developed market equity performance, excluding the U.S. and Canada, calculated in local currency.
The MSCI EAFE Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets, excluding the U.S. and Canada.
The MSCI EAFE Mid Cap Value Index captures mid cap securities exhibiting overall value style characteristics across Developed Markets countries, excluding the U.S. and Canada.
The MSCI EAFE Small Cap Index is a free float-adjusted market capitalization equity index that is designed to measure the performance of small-cap stocks within the developed equity market, excluding the U.S. and Canada.
The MSCI EAFE Small Cap Value Index captures small cap securities exhibiting overall value style characteristics across Developed Markets countries, excluding the U.S. and Canada.
The MSCI EAFE Value Index is a free float-adjusted market capitalization index that is designed to measure the performance of the “value” stocks within the developed equity market, excluding the U.S. and Canada.
The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within developed market European countries.
The MSCI Europe Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of “small” stocks within developed market
European countries.
The MSCI Japan Small Cap Index is a free float-adjusted market capitalization index that
is designed to measure the performance of small cap stocks within Japan.
Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.
Quintiles refers to separating a universe of companies into five groups of equal size on the basis of dividend yield, price-to-earnings, or return-on-equity, as applicable.
WisdomTree Trust | 15 |
Description of Terms and Indexes (unaudited) (continued)
Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.
Selection Effect measures an investment manager’s ability to select securities within a given segment relative to a benchmark. The over or underperformance of the portfolio is weighted by the benchmark weight, therefore, selection is not affected by the investment manager’s allocation to the segment. The weight of the segment in the portfolio determines the size of the effect—the larger the segment, the larger the effect is, positive or negative. A positive selection effect occurs when the portfolio return is greater than the benchmark return. Thus, the investment manager made good decisions in selecting securities that, as a whole, outperformed similar securities in the benchmark. A negative selection effect occurs when the portfolio return is less than the benchmark return. Thus, the investment manager made poor decisions in selecting securities that, as a whole, underperformed similar securities in the benchmark.
Volatility is a statistical measure of the dispersion of returns for a given security or market index around a particular average level. If the price stays relatively stable, the security has low volatility. A highly volatile security hits new highs and lows quickly, moves erratically, and has rapid increases and dramatic falls.
The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.
The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.
The WisdomTree International Dividend ex-Financials Index measures the performance
of high dividend-yielding international stocks outside the financial sector.
The WisdomTree International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States.
The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.
The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market
companies.
The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying
small-capitalization companies in Japan.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or
16 | WisdomTree Trust |
Description of Terms and Indexes (unaudited) (concluded)
any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
Index performance information assumes the reinvestment of dividends and excludes
management fees, transaction costs and expenses. You cannot directly invest in an index.
* * * * * *
Abbreviations used in the schedules of investments and related tables included in this report are as follows:
Currency abbreviations: | ||||||
AUD | Australian dollar | JPY | Japanese yen | |||
CHF | Swiss franc | NOK | Norwegian krone | |||
DKK | Danish krone | NZD | New Zealand dollar | |||
EUR | Euro | SEK | Swedish krona | |||
GBP | British pound | SGD | Singapore dollar | |||
HKD | Hong Kong dollar | USD | U.S. dollar | |||
Other abbreviations: | ||||||
CVA | Certificaten Van Aandelen (Certificate of Stock) | |||||
RSP | Risparmio Italian Savings Shares |
WisdomTree Trust | 17 |
Schedule of Investments
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2023
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.4% |
| |||||||
Austria – 0.4% |
| |||||||
EVN AG |
3,272 | $ | 72,697 | |||||
Oesterreichische Post AG |
2,337 | 86,454 | ||||||
Verbund AG |
1,152 | 100,127 | ||||||
|
|
|||||||
Total Austria |
|
259,278 | ||||||
Belgium – 0.8% |
| |||||||
D’ieteren Group |
363 | 70,555 | ||||||
Etablissements Franz Colruyt NV(a) |
2,156 | 63,057 | ||||||
Melexis NV |
863 | 99,761 | ||||||
UCB SA |
1,425 | 127,633 | ||||||
VGP NV |
1,028 | 91,807 | ||||||
Warehouses De Pauw CVA |
3,250 | 96,466 | ||||||
|
|
|||||||
Total Belgium |
|
549,279 | ||||||
China – 0.4% |
| |||||||
Prosus NV* |
3,487 | 272,541 | ||||||
Denmark – 3.5% |
| |||||||
Alm Brand A/S |
26,705 | 49,932 | ||||||
Chr Hansen Holding A/S |
1,057 | 80,317 | ||||||
Coloplast A/S, Class B |
1,842 | 242,267 | ||||||
Dfds A/S |
1,184 | 47,971 | ||||||
Novo Nordisk A/S, Class B |
10,135 | 1,604,974 | ||||||
Novozymes A/S, Class B |
1,601 | 81,935 | ||||||
Pandora A/S |
2,012 | 192,322 | ||||||
Royal Unibrew A/S |
739 | 64,452 | ||||||
Scandinavian Tobacco Group A/S(b) |
2,256 | 44,814 | ||||||
SimCorp A/S |
470 | 35,562 | ||||||
|
|
|||||||
Total Denmark |
|
2,444,546 | ||||||
Finland – 2.9% |
| |||||||
Elisa Oyj |
3,561 | 214,953 | ||||||
Fortum Oyj* |
34,678 | 531,796 | ||||||
Kone Oyj, Class B |
9,899 | 516,229 | ||||||
Konecranes Oyj |
2,334 | 78,203 | ||||||
Metso Outotec Oyj |
13,739 | 149,864 | ||||||
Neste Oyj |
6,571 | 324,328 | ||||||
Sanoma Oyj |
3,393 | 29,896 | ||||||
Valmet Oyj |
4,981 | 161,482 | ||||||
|
|
|||||||
Total Finland |
|
2,006,751 | ||||||
France – 23.4% |
| |||||||
Air Liquide SA |
5,208 | 872,499 | ||||||
Airbus SE |
5,666 | 758,890 | ||||||
BioMerieux |
588 | 61,967 | ||||||
Bollore SE(a) |
18,572 | 114,810 | ||||||
Bouygues SA |
12,056 | 407,224 | ||||||
Bureau Veritas SA |
5,079 | 146,064 | ||||||
Capgemini SE |
1,204 | 223,356 | ||||||
Carrefour SA |
8,810 | 178,319 | ||||||
Danone SA |
9,812 | 610,939 | ||||||
Dassault Aviation SA |
737 | 146,210 | ||||||
Dassault Systemes SE |
3,284 | 135,134 | ||||||
Eurazeo SE |
1,326 | 94,361 | ||||||
Gaztransport Et Technigaz SA |
600 | 61,406 | ||||||
Hermes International |
312 | 631,845 | ||||||
Kering SA |
1,594 | 1,039,081 | ||||||
L’Oreal SA |
2,810 | 1,255,515 | ||||||
La Francaise des Jeux SAEM(b) |
3,757 | 156,700 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
4,544 | 4,168,658 | ||||||
Metropole Television SA(a) |
6,052 | 98,299 | ||||||
Remy Cointreau SA |
233 | 42,528 | ||||||
Rubis SCA |
4,505 | 120,746 | ||||||
Sanofi |
21,114 | 2,299,436 | ||||||
Sartorius Stedim Biotech |
178 | 54,535 | ||||||
Schneider Electric SE |
6,134 | 1,024,167 | ||||||
Societe BIC SA |
752 | 47,468 | ||||||
Sodexo SA |
1,038 | 101,564 | ||||||
Sopra Steria Group SACA |
333 | 69,934 | ||||||
Teleperformance |
362 | 87,193 | ||||||
Thales SA |
2,396 | 354,937 | ||||||
Veolia Environnement SA |
15,256 | 470,727 | ||||||
Verallia SA(b) |
2,289 | 97,735 | ||||||
Vivendi SE |
16,212 | 163,806 | ||||||
Wendel SE |
854 | 90,324 | ||||||
|
|
|||||||
Total France |
|
16,186,377 | ||||||
Georgia – 0.1% |
| |||||||
Bank of Georgia Group PLC |
1,611 | 54,778 | ||||||
Germany – 10.5% |
| |||||||
adidas AG |
3,328 | 588,565 | ||||||
Bechtle AG |
1,016 | 48,558 | ||||||
Beiersdorf AG |
718 | 93,570 | ||||||
Carl Zeiss Meditec AG, Bearer Shares |
377 | 52,428 | ||||||
Deutsche Telekom AG, Registered Shares |
88,256 | 2,143,046 | ||||||
Fielmann AG |
2,102 | 87,649 | ||||||
Hannover Rueck SE |
2,158 | 422,841 | ||||||
Hella GmbH & Co. KGaA |
509 | 44,323 | ||||||
Henkel AG & Co. KGaA |
3,167 | 230,533 | ||||||
MTU Aero Engines AG |
365 | 91,445 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares |
2,930 | 1,026,614 | ||||||
Puma SE |
1,620 | 100,076 | ||||||
Rheinmetall AG |
457 | 135,844 | ||||||
SAP SE |
12,206 | 1,539,096 | ||||||
Scout24 SE(b) |
772 | 45,879 | ||||||
Siemens Healthineers AG(b) |
8,278 | 476,842 | ||||||
Stroeer SE & Co. KGaA |
1,478 | 78,137 | ||||||
Symrise AG |
701 | 76,312 | ||||||
|
|
|||||||
Total Germany |
|
7,281,758 | ||||||
Ireland – 0.2% |
| |||||||
Glanbia PLC |
3,008 | 43,661 | ||||||
Kerry Group PLC, Class A |
698 | 69,646 | ||||||
|
|
|||||||
Total Ireland |
|
113,307 | ||||||
Israel – 0.1% |
| |||||||
Plus500 Ltd. |
2,965 | 62,030 | ||||||
Italy – 2.3% |
| |||||||
Azimut Holding SpA |
6,265 | 134,090 |
See Notes to Financial Statements.
18 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2023
Investments | Shares | Value | ||||||
Banca Generali SpA(a) |
4,094 | $ | 130,680 | |||||
Banca Mediolanum SpA |
23,454 | 212,975 | ||||||
BPER Banca |
25,480 | 62,923 | ||||||
Buzzi Unicem SpA |
2,798 | 67,972 | ||||||
De’ Longhi SpA |
3,999 | 91,500 | ||||||
Enav SpA(b) |
8,803 | 36,879 | ||||||
Ferrari NV |
694 | 187,971 | ||||||
FinecoBank Banca Fineco SpA |
8,835 | 135,727 | ||||||
Italgas SpA |
25,536 | 156,058 | ||||||
Leonardo SpA |
5,538 | 65,101 | ||||||
Moncler SpA |
2,015 | 139,102 | ||||||
RAI Way SpA(b) |
8,466 | 50,956 | ||||||
Recordati Industria Chimica e Farmaceutica SpA |
2,527 | 106,963 | ||||||
|
|
|||||||
Total Italy | 1,578,897 | |||||||
Netherlands – 5.6% |
| |||||||
Aegon NV |
48,617 | 208,692 | ||||||
ASM International NV |
238 | 96,164 | ||||||
ASML Holding NV |
2,108 | 1,431,856 | ||||||
BE Semiconductor Industries NV |
2,595 | 225,829 | ||||||
Euronext NV(b) |
1,733 | 132,889 | ||||||
Heineken Holding NV |
2,436 | 223,769 | ||||||
Heineken NV |
3,344 | 359,894 | ||||||
Koninklijke KPN NV |
106,194 | 375,659 | ||||||
SBM Offshore NV |
6,736 | 100,078 | ||||||
Universal Music Group NV |
18,992 | 480,872 | ||||||
Wolters Kluwer NV |
2,020 | 255,345 | ||||||
|
|
|||||||
Total Netherlands | 3,891,047 | |||||||
Norway – 0.6% |
| |||||||
Austevoll Seafood ASA |
4,786 | 42,910 | ||||||
Gjensidige Forsikring ASA |
10,088 | 165,001 | ||||||
Kongsberg Gruppen ASA |
1,274 | 51,432 | ||||||
Leroy Seafood Group ASA |
12,014 | 62,289 | ||||||
Salmar ASA |
2,779 | 120,945 | ||||||
|
|
|||||||
Total Norway | 442,577 | |||||||
Portugal – 0.3% |
| |||||||
Jeronimo Martins SGPS SA |
8,443 | 198,318 | ||||||
Spain – 3.6% |
| |||||||
Cie Automotive SA |
2,063 | 59,396 | ||||||
Ferrovial SA |
9,524 | 280,310 | ||||||
Industria de Diseno Textil SA |
60,512 | 2,031,466 | ||||||
Laboratorios Farmaceuticos Rovi SA |
672 | 28,094 | ||||||
Unicaja Banco SA(a)(b) |
43,477 | 46,669 | ||||||
Viscofan SA |
656 | 47,039 | ||||||
|
|
|||||||
Total Spain | 2,492,974 | |||||||
Sweden – 5.5% |
| |||||||
Alfa Laval AB |
4,824 | 171,987 | ||||||
Assa Abloy AB, Class B |
9,389 | 224,821 | ||||||
Atlas Copco AB, Class A |
23,688 | 300,487 | ||||||
Atlas Copco AB, Class B |
16,574 | 190,489 | ||||||
Avanza Bank Holding AB(a) |
3,618 | 84,784 | ||||||
Axfood AB |
2,348 | 57,333 | ||||||
Bilia AB, Class A |
3,393 | 41,883 | ||||||
Elekta AB, Class B(a) |
7,156 | 54,573 | ||||||
Epiroc AB, Class A(a) |
5,381 | 106,794 | ||||||
Epiroc AB, Class B |
5,851 | 99,562 | ||||||
Essity AB, Class B(a) |
7,510 | 214,664 | ||||||
Evolution AB(b) |
1,660 | 222,229 | ||||||
Hexagon AB, Class B |
15,400 | 176,506 | ||||||
Hexpol AB |
9,781 | 121,207 | ||||||
Husqvarna AB, Class B(a) |
12,731 | 110,299 | ||||||
Indutrade AB(a) |
2,655 | 56,354 | ||||||
Investment AB Latour, Class B |
5,793 | 117,653 | ||||||
Loomis AB |
1,290 | 44,163 | ||||||
Nibe Industrier AB, Class B |
5,345 | 60,720 | ||||||
Nordnet AB publ |
5,497 | 90,516 | ||||||
Saab AB, Class B |
899 | 54,705 | ||||||
Sagax AB, Class B |
1,845 | 42,488 | ||||||
Sandvik AB |
16,669 | 353,327 | ||||||
Securitas AB, Class B |
11,226 | 99,902 | ||||||
SKF AB, Class B |
9,449 | 185,890 | ||||||
Sweco AB, Class B |
4,765 | 60,427 | ||||||
Telefonaktiebolaget LM Ericsson, Class B(a) |
64,585 | 377,437 | ||||||
Thule Group AB(a)(b) |
3,558 | 87,393 | ||||||
|
|
|||||||
Total Sweden | 3,808,593 | |||||||
Switzerland – 20.4% |
| |||||||
ABB Ltd., Registered Shares |
30,198 | 1,036,956 | ||||||
BKW AG |
732 | 115,223 | ||||||
Clariant AG, Registered Shares* |
4,003 | 66,209 | ||||||
Coca-Cola HBC AG* |
4,137 | 113,199 | ||||||
DKSH Holding AG |
1,010 | 81,426 | ||||||
Galenica AG(b) |
715 | 60,539 | ||||||
Geberit AG, Registered Shares |
495 | 275,906 | ||||||
Georg Fischer AG, Registered Shares |
953 | 73,962 | ||||||
Givaudan SA, Registered Shares |
99 | 322,179 | ||||||
Landis & Gyr Group AG* |
680 | 52,142 | ||||||
Logitech International SA, Registered Shares |
1,766 | 102,649 | ||||||
Lonza Group AG, Registered Shares |
203 | 121,638 | ||||||
Nestle SA, Registered Shares |
20,653 | 2,519,822 | ||||||
Novartis AG, Registered Shares |
33,491 | 3,070,665 | ||||||
Partners Group Holding AG |
503 | 471,754 | ||||||
Roche Holding AG |
6,700 | 1,913,814 | ||||||
Roche Holding AG, Bearer Shares |
918 | 276,340 | ||||||
Schindler Holding AG, Participation Certificate |
350 | 77,429 | ||||||
Schindler Holding AG, Registered Shares |
1,058 | 223,517 | ||||||
SFS Group AG |
568 | 73,615 | ||||||
SGS SA, Registered Shares |
137 | 301,578 | ||||||
SIG Group AG* |
4,438 | 114,259 | ||||||
Sika AG, Registered Shares |
1,013 | 283,314 | ||||||
Sonova Holding AG, Registered Shares |
520 | 152,889 | ||||||
Stadler Rail AG(a) |
1,645 | 64,284 | ||||||
Straumann Holding AG, Registered Shares(a) |
568 | 84,776 | ||||||
Sulzer AG, Registered Shares |
1,000 | 84,779 | ||||||
Temenos AG, Registered Shares |
582 | 40,314 | ||||||
VAT Group AG(a)(b) |
407 | 146,218 | ||||||
Zurich Insurance Group AG |
3,772 | 1,807,240 | ||||||
|
|
|||||||
Total Switzerland |
|
14,128,635 |
See Notes to Financial Statements.
WisdomTree Trust | 19 |
Schedule of Investments (concluded)
WisdomTree Europe Quality Dividend Growth Fund (EUDG)
March 31, 2023
Investments | Shares | Value | ||||||
United Kingdom – 16.0% |
| |||||||
Airtel Africa PLC(b) |
70,269 | $ | 92,532 | |||||
Ashtead Group PLC |
3,604 | 220,937 | ||||||
Auto Trader Group PLC(b) |
7,878 | 60,022 | ||||||
BAE Systems PLC |
50,586 | 614,587 | ||||||
Beazley PLC |
6,702 | 49,513 | ||||||
British American Tobacco PLC |
56,808 | 1,995,174 | ||||||
Burberry Group PLC |
5,318 | 170,041 | ||||||
CNH Industrial NV |
15,184 | 232,273 | ||||||
Compass Group PLC |
11,750 | 295,360 | ||||||
Computacenter PLC |
2,519 | 66,590 | ||||||
Croda International PLC |
1,113 | 89,423 | ||||||
Diageo PLC |
17,157 | 766,666 | ||||||
Diploma PLC |
1,522 | 52,881 | ||||||
Drax Group PLC |
8,440 | 63,396 | ||||||
Dunelm Group PLC |
4,999 | 68,300 | ||||||
Fresnillo PLC |
12,893 | 118,924 | ||||||
Games Workshop Group PLC |
829 | 98,812 | ||||||
Greggs PLC |
1,637 | 56,148 | ||||||
Halma PLC |
1,909 | 52,613 | ||||||
Hargreaves Lansdown PLC |
11,703 | 115,674 | ||||||
Howden Joinery Group PLC |
11,658 | 100,613 | ||||||
IMI PLC |
3,114 | 59,064 | ||||||
Imperial Brands PLC |
24,685 | 568,926 | ||||||
Intertek Group PLC |
2,296 | 115,060 | ||||||
Investec PLC |
20,153 | 112,032 | ||||||
ITV PLC |
146,211 | 149,688 | ||||||
Next PLC |
2,444 | 198,598 | ||||||
Ninety One PLC(a) |
26,691 | 61,120 | ||||||
Pagegroup PLC |
16,941 | 95,601 | ||||||
Pearson PLC |
8,165 | 85,247 | ||||||
Pets at Home Group PLC |
11,061 | 50,466 | ||||||
Reckitt Benckiser Group PLC |
7,834 | 596,485 | ||||||
RELX PLC |
21,843 | 707,064 | ||||||
Rentokil Initial PLC |
13,430 | 98,238 | ||||||
Rightmove PLC |
8,385 | 58,370 | ||||||
Rotork PLC |
9,263 | 36,055 | ||||||
RS Group PLC |
5,221 | 59,003 | ||||||
Sage Group PLC |
14,218 | 136,244 | ||||||
Segro PLC |
18,346 | 174,122 | ||||||
Smith & Nephew PLC |
12,140 | 168,418 | ||||||
Spectris PLC |
1,633 | 73,880 | ||||||
Spirax-Sarco Engineering PLC |
507 | 74,317 | ||||||
Tate & Lyle PLC |
5,814 | 56,403 | ||||||
TBC Bank Group PLC |
2,238 | 61,985 | ||||||
Unilever PLC |
36,355 | 1,883,452 | ||||||
Victrex PLC |
1,236 | 24,345 | ||||||
|
|
|||||||
Total United Kingdom |
|
11,084,662 | ||||||
United States – 2.8% |
| |||||||
GSK PLC |
109,484 | 1,934,459 | ||||||
TOTAL
COMMON STOCKS (Cost: $62,090,438) |
|
68,790,807 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6% |
| |||||||
United States – 1.6% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 4.84%(c) |
||||||||
(Cost: $1,121,606) | 1,121,606 | 1,121,606 | ||||||
TOTAL INVESTMENTS IN SECURITIES –
101.0% (Cost: $63,212,044) |
|
69,912,413 | ||||||
Other Assets less Liabilities – (1.0)% |
|
(671,715 | ) | |||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 69,240,698 |
* |
Non-income producing security. |
(a) |
Security, or portion thereof, was on loan at March 31, 2023 (See Note 2). At March 31, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,436,515 and the total market value of the collateral held by the Fund was $1,512,492. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $390,886. |
(b) |
This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(c) |
Rate shown represents annualized 7-day yield as of March 31, 2023. |
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2023 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted (Level 1) |
Other (Level 2) |
Significant (Level 3) |
Total | |||||||||||||
Assets: |
||||||||||||||||
Investments in Securities |
||||||||||||||||
Common Stocks |
$ | 68,790,807 | $ | — | $ | — | $ | 68,790,807 | ||||||||
Investment of Cash Collateral for Securities Loaned |
— | 1,121,606 | — | 1,121,606 | ||||||||||||
Total Investments in Securities |
$ | 68,790,807 | $ | 1,121,606 | $ | — | $ | 69,912,413 |
See Notes to Financial Statements.
20 | WisdomTree Trust |
Schedule of Investments
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2023
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.9% |
| |||||||
Austria – 1.8% |
| |||||||
AT&S Austria Technologie & Systemtechnik AG |
23,926 | $ | 736,941 | |||||
Lenzing AG |
33,790 | 2,551,424 | ||||||
S IMMO AG |
35,303 | 509,354 | ||||||
Schoeller-Bleckmann Oilfield Equipment AG |
6,574 | 423,540 | ||||||
Semperit AG Holding |
11,331 | 305,302 | ||||||
|
|
|||||||
Total Austria |
|
4,526,561 | ||||||
Belgium – 1.7% |
| |||||||
Bekaert SA |
47,421 | 2,143,254 | ||||||
Deceuninck NV |
524 | 1,429 | ||||||
Fagron |
28,754 | 491,402 | ||||||
Recticel SA |
28,458 | 529,938 | ||||||
Xior Student Housing NV(a) |
31,523 | 1,061,693 | ||||||
|
|
|||||||
Total Belgium |
|
4,227,716 | ||||||
Denmark – 6.6% |
| |||||||
Cementir Holding NV |
56,279 | 482,429 | ||||||
Chemometec A/S* |
2,653 | 151,754 | ||||||
D/S Norden A/S |
70,301 | 4,728,737 | ||||||
Dfds A/S |
43,463 | 1,760,947 | ||||||
FLSmidth & Co. A/S |
21,123 | 807,761 | ||||||
Matas A/S |
31,311 | 384,506 | ||||||
Per Aarsleff Holding A/S |
13,560 | 583,413 | ||||||
Scandinavian Tobacco Group A/S(b) |
90,708 | 1,801,843 | ||||||
Schouw & Co. A/S |
11,575 | 970,696 | ||||||
Spar Nord Bank A/S |
100,943 | 1,592,934 | ||||||
Sydbank A/S |
73,633 | 3,316,226 | ||||||
|
|
|||||||
Total Denmark |
|
16,581,246 | ||||||
Finland – 5.7% |
| |||||||
Aktia Bank Oyj |
22,300 | 231,376 | ||||||
Caverion Oyj |
55,739 | 518,979 | ||||||
Citycon Oyj(a) |
187,701 | 1,283,725 | ||||||
Harvia Oyj |
19,547 | 465,512 | ||||||
Kamux Corp.(a) |
49,115 | 278,011 | ||||||
Kemira Oyj |
59,610 | 1,050,460 | ||||||
Konecranes Oyj |
94,109 | 3,153,227 | ||||||
Lassila & Tikanoja Oyj(a) |
13,649 | 149,772 | ||||||
Marimekko Oyj |
34,789 | 368,894 | ||||||
Musti Group Oyj* |
21,600 | 378,059 | ||||||
Outokumpu Oyj(a) |
449,540 | 2,452,758 | ||||||
Puuilo Oyj |
93,817 | 684,953 | ||||||
Rovio Entertainment Oyj(b) |
44,368 | 376,229 | ||||||
Terveystalo Oyj(a)(b) |
62,199 | 474,384 | ||||||
Tokmanni Group Corp.(a) |
112,377 | 1,551,789 | ||||||
Uponor Oyj |
51,101 | 945,483 | ||||||
|
|
|||||||
Total Finland |
|
14,363,611 | ||||||
France – 4.4% |
| |||||||
Beneteau SA |
46,737 | 781,972 | ||||||
Coface SA |
148,698 | 2,108,266 | ||||||
Derichebourg SA |
214,716 | 1,259,702 | ||||||
Etablissements Maurel et Prom SA |
246,075 | 921,015 | ||||||
Fnac Darty SA |
43,730 | 1,614,405 | ||||||
Lectra |
13,652 | 539,151 | ||||||
LISI(a) |
15,319 | 406,097 | ||||||
Maisons du Monde SA(a)(b) |
64,803 | 697,364 | ||||||
Mersen SA |
13,869 | 618,540 | ||||||
Quadient SA |
28,691 | 523,055 | ||||||
Television Francaise 1(a) |
173,400 | 1,532,556 | ||||||
|
|
|||||||
Total France |
|
11,002,123 | ||||||
Georgia – 0.8% |
| |||||||
Bank of Georgia Group PLC |
60,090 | 2,043,203 | ||||||
Germany – 8.0% |
| |||||||
7C Solarparken AG |
80,122 | 329,044 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA |
36,679 | 591,771 | ||||||
BayWa AG |
13,364 | 590,210 | ||||||
Bilfinger SE |
31,915 | 1,355,755 | ||||||
Cliq Digital AG |
10,501 | 334,278 | ||||||
CropEnergies AG |
57,002 | 699,807 | ||||||
Deutz AG |
103,731 | 673,374 | ||||||
Duerr AG |
27,866 | 1,000,286 | ||||||
Energiekontor AG |
4,750 | 342,666 | ||||||
Gerresheimer AG |
16,885 | 1,672,120 | ||||||
GFT Technologies SE |
6,736 | 261,996 | ||||||
Hamborner REIT AG |
40,277 | 319,878 | ||||||
Hamburger Hafen und Logistik AG |
37,267 | 460,762 | ||||||
Hornbach Holding AG & Co. KGaA |
14,045 | 1,123,839 | ||||||
Instone Real Estate Group SE(b) |
77,943 | 660,513 | ||||||
Jenoptik AG |
15,250 | 518,921 | ||||||
JOST Werke AG(b) |
8,094 | 427,815 | ||||||
Kloeckner & Co. SE |
249,554 | 2,685,522 | ||||||
Mutares SE & Co. KGaA |
15,749 | 335,708 | ||||||
SAF-Holland SE |
58,616 | 748,279 | ||||||
Salzgitter AG |
52,004 | 2,056,591 | ||||||
Varta AG(a) |
73,963 | 2,029,017 | ||||||
Wacker Neuson SE |
22,582 | 473,265 | ||||||
Wuestenrot & Wuerttembergische AG |
16,307 | 285,594 | ||||||
|
|
|||||||
Total Germany |
|
19,977,011 | ||||||
Ireland – 0.3% |
| |||||||
Kenmare Resources PLC |
63,331 | 367,645 | ||||||
Origin Enterprises PLC |
66,330 | 297,625 | ||||||
|
|
|||||||
Total Ireland |
|
665,270 | ||||||
Italy – 6.5% |
| |||||||
Alerion Cleanpower SpA(a) |
25,880 | 830,867 | ||||||
Anima Holding SpA(b) |
468,325 | 1,906,008 | ||||||
Ariston Holding NV |
44,685 | 492,762 | ||||||
Banca Popolare di Sondrio SpA |
263,957 | 1,122,441 | ||||||
Cairo Communication SpA(a) |
142,299 | 289,103 | ||||||
Danieli & C. Officine Meccaniche SpA(a) |
4,784 | 127,081 | ||||||
Danieli & C. Officine Meccaniche SpA, RSP |
29,195 | 579,822 | ||||||
El.En. SpA |
31,175 | 407,457 | ||||||
Esprinet SpA(a) |
94,070 | 942,306 | ||||||
Maire Tecnimont SpA(a) |
338,388 | 1,455,125 | ||||||
MARR SpA |
41,886 | 602,513 | ||||||
OVS SpA(b) |
148,679 | 389,293 |
See Notes to Financial Statements.
WisdomTree Trust | 21 |
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2023
Investments | Shares | Value | ||||||
Piaggio & C. SpA |
221,472 | $ | 946,111 | |||||
RAI Way SpA(b) |
102,296 | 615,713 | ||||||
Salcef Group SpA(a) |
27,685 | 646,685 | ||||||
Sanlorenzo SpA(a) |
16,688 | 725,227 | ||||||
SOL SpA |
15,095 | 405,079 | ||||||
Technogym SpA(a)(b) |
116,188 | 1,034,475 | ||||||
Unieuro SpA(a)(b) |
41,712 | 492,153 | ||||||
Webuild SpA(a) |
626,077 | 1,428,423 | ||||||
Zignago Vetro SpA |
39,218 | 765,247 | ||||||
|
|
|||||||
Total Italy |
|
16,203,891 | ||||||
Netherlands – 2.4% |
| |||||||
AMG Advanced Metallurgical Group NV |
18,281 | 778,964 | ||||||
Brunel International NV |
25,460 | 353,508 | ||||||
Corbion NV |
31,893 | 1,047,820 | ||||||
ForFarmers NV(a) |
129,560 | 458,175 | ||||||
Heijmans NV, CVA |
49,056 | 673,673 | ||||||
Ordina NV |
150,288 | 973,151 | ||||||
RHI Magnesita NV |
52,536 | 1,455,062 | ||||||
Sligro Food Group NV |
24,369 | 417,257 | ||||||
|
|
|||||||
Total Netherlands |
|
6,157,610 | ||||||
Norway – 5.9% |
| |||||||
ABG Sundal Collier Holding ASA |
348,050 | 202,720 | ||||||
Atea ASA* |
46,805 | 572,041 | ||||||
Austevoll Seafood ASA |
206,450 | 1,850,995 | ||||||
Bonheur ASA |
13,520 | 300,140 | ||||||
Borregaard ASA |
46,695 | 779,357 | ||||||
DNO ASA |
1,328,597 | 1,302,832 | ||||||
Europris ASA(b) |
171,073 | 1,186,702 | ||||||
Grieg Seafood ASA |
128,891 | 1,006,086 | ||||||
Kid ASA(b) |
22,912 | 185,736 | ||||||
MPC Container Ships ASA |
1,764,235 | 2,810,654 | ||||||
OKEA ASA(a) |
190,259 | 573,151 | ||||||
SpareBank 1 Nord Norge(a) |
86,389 | 726,707 | ||||||
SpareBank 1 SMN(a) |
90,796 | 1,071,544 | ||||||
Sparebanken Vest |
42,231 | 370,974 | ||||||
TGS ASA |
101,213 | 1,812,984 | ||||||
|
|
|||||||
Total Norway |
|
14,752,623 | ||||||
Peru – 0.2% |
| |||||||
Hochschild Mining PLC |
623,376 | 651,303 | ||||||
Portugal – 1.9% |
| |||||||
Altri SGPS SA(a) |
215,105 | 1,109,144 | ||||||
Corticeira Amorim SGPS SA(a) |
41,885 | 455,059 | ||||||
CTT – Correios de Portugal SA(a) |
135,440 | 531,943 | ||||||
Mota-Engil SGPS SA(a) |
304,561 | 525,454 | ||||||
Sonae SGPS SA |
1,939,159 | 2,117,333 | ||||||
|
|
|||||||
Total Portugal |
|
4,738,933 | ||||||
Spain – 3.6% |
| |||||||
Applus Services SA |
74,033 | 578,717 | ||||||
Construcciones y Auxiliar de Ferrocarriles SA |
28,202 | 784,386 | ||||||
Ence Energia y Celulosa SA(a) |
442,921 | 1,650,555 | ||||||
Ercros SA |
91,616 | 433,480 | ||||||
Faes Farma SA |
184,550 | 631,589 | ||||||
Global Dominion Access SA(b) |
69,276 | 271,706 | ||||||
Indra Sistemas SA(a) |
76,012 | 1,028,161 | ||||||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros(a) |
455,692 | 491,373 | ||||||
Neinor Homes SA(a)(b) |
54,638 | 537,815 | ||||||
Pharma Mar SA(a) |
5,303 | 254,771 | ||||||
Sacyr SA(a) |
673,273 | 2,165,173 | ||||||
Talgo SA(a)(b) |
73,184 | 248,471 | ||||||
|
|
|||||||
Total Spain |
|
9,076,197 | ||||||
Sweden – 15.8% |
| |||||||
AcadeMedia AB(b) |
98,736 | 491,321 | ||||||
AddLife AB, Class B |
46,987 | 425,031 | ||||||
AddNode Group AB |
30,363 | 365,133 | ||||||
AFRY AB |
85,282 | 1,535,472 | ||||||
Akelius Residential Property AB, Class D(a) |
158,934 | 318,756 | ||||||
Ambea AB(b) |
78,507 | 274,824 | ||||||
Beijer Alma AB(a) |
17,537 | 349,233 | ||||||
Betsson AB, Class B* |
150,935 | 1,435,182 | ||||||
Bilia AB, Class A |
60,078 | 741,593 | ||||||
BioGaia AB, Class B |
22,214 | 196,379 | ||||||
Biotage AB |
13,732 | 175,067 | ||||||
Bufab AB |
12,844 | 342,480 | ||||||
Catena AB |
23,344 | 864,463 | ||||||
Clas Ohlson AB, Class B(a) |
134,644 | 1,001,109 | ||||||
Cloetta AB, Class B |
393,994 | 831,337 | ||||||
Coor Service Management Holding AB(b) |
74,799 | 477,162 | ||||||
Corem Property Group AB, Class B(a) |
1,242,456 | 866,881 | ||||||
Dios Fastigheter AB |
151,157 | 1,003,627 | ||||||
Electrolux Professional AB, Class B |
70,162 | 366,726 | ||||||
Ferronordic AB*(a) |
12,821 | 105,342 | ||||||
G5 Entertainment AB(a) |
8,964 | 185,166 | ||||||
GARO AB |
11,613 | 85,729 | ||||||
Granges AB |
85,313 | 812,442 | ||||||
HMS Networks AB |
12,944 | 528,518 | ||||||
Instalco AB(a) |
88,234 | 425,277 | ||||||
Inwido AB |
78,134 | 830,351 | ||||||
JM AB(a) |
147,918 | 2,450,667 | ||||||
KNOW IT AB |
17,046 | 339,291 | ||||||
Lagercrantz Group AB, Class B |
72,014 | 900,735 | ||||||
Lindab International AB |
56,015 | 856,737 | ||||||
Medicover AB, Class B(a) |
17,169 | 278,160 | ||||||
MEKO AB |
42,820 | 509,981 | ||||||
MIPS AB(a) |
9,461 | 477,724 | ||||||
Munters Group AB(b) |
42,103 | 387,957 | ||||||
Mycronic AB |
36,319 | 892,428 | ||||||
NCC AB, Class B(a) |
135,074 | 1,197,092 | ||||||
New Wave Group AB, Class B |
33,211 | 569,448 | ||||||
Nolato AB, Class B |
178,887 | 906,550 | ||||||
Nordic Waterproofing Holding AB |
18,327 | 287,730 | ||||||
Paradox Interactive AB |
15,159 | 377,895 | ||||||
Peab AB, Class B |
386,164 | 1,930,904 | ||||||
Platzer Fastigheter Holding AB, Class B |
34,449 | 267,099 | ||||||
Ratos AB, Class B(a) |
181,956 | 554,841 | ||||||
Rvrc Holding AB(a) |
76,319 | 238,903 |
See Notes to Financial Statements.
22 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2023
Investments | Shares | Value | ||||||
Sagax AB, Class D(a) |
220,841 | $ | 557,983 | |||||
Samhallsbyggnadsbolaget i Norden AB, Class D(a) |
626,715 | 973,052 | ||||||
Skandinaviska Enskilda Banken AB, Class C*(a) |
24,521 | 314,034 | ||||||
SkiStar AB(a) |
30,161 | 362,413 | ||||||
SSAB AB, Class A |
1,074,539 | 7,921,054 | ||||||
Svenska Handelsbanken AB, Class B(a) |
40,655 | 435,972 | ||||||
Troax Group AB |
24,746 | 514,271 | ||||||
Vitec Software Group AB, Class B |
224 | 11,524 | ||||||
|
|
|||||||
Total Sweden |
|
39,549,046 | ||||||
Switzerland – 3.9% |
| |||||||
Arbonia AG |
35,461 | 423,878 | ||||||
Ascom Holding AG, Registered Shares(a) |
32,108 | 283,280 | ||||||
Comet Holding AG, Registered Shares |
4,366 | 1,209,127 | ||||||
Huber + Suhner AG, Registered Shares |
14,804 | 1,268,845 | ||||||
Landis & Gyr Group AG* |
28,117 | 2,155,980 | ||||||
Medmix AG(b) |
28,951 | 604,658 | ||||||
Mobilezone Holding AG, Registered Shares |
81,796 | 1,335,883 | ||||||
Swissquote Group Holding SA, Registered Shares |
7,236 | 1,412,270 | ||||||
u-blox Holding AG* |
3,239 | 453,116 | ||||||
Zehnder Group AG |
6,952 | 566,936 | ||||||
|
|
|||||||
Total Switzerland |
|
9,713,973 | ||||||
United Kingdom – 29.3% |
| |||||||
AG Barr PLC |
94,848 | 591,065 | ||||||
AJ Bell PLC |
174,940 | 746,683 | ||||||
Alliance Pharma PLC(a) |
296,968 | 253,358 | ||||||
Ashmore Group PLC |
771,647 | 2,276,490 | ||||||
Bloomsbury Publishing PLC |
66,145 | 364,761 | ||||||
Bodycote PLC |
130,395 | 1,052,006 | ||||||
Bytes Technology Group PLC |
102,910 | 494,212 | ||||||
Central Asia Metals PLC |
197,748 | 578,256 | ||||||
Chemring Group PLC |
133,215 | 457,904 | ||||||
Chesnara PLC |
91,693 | 340,121 | ||||||
Clarkson PLC |
15,120 | 577,679 | ||||||
Close Brothers Group PLC |
173,344 | 1,931,124 | ||||||
CLS Holdings PLC |
454,670 | 755,566 | ||||||
CMC Markets PLC(b) |
292,108 | 634,949 | ||||||
Coats Group PLC |
988,882 | 901,132 | ||||||
Concentric AB |
11,719 | 239,589 | ||||||
Craneware PLC |
12,416 | 176,545 | ||||||
Cranswick PLC |
43,224 | 1,605,467 | ||||||
Crest Nicholson Holdings PLC |
372,338 | 1,005,464 | ||||||
Currys PLC |
1,088,540 | 790,731 | ||||||
Devro PLC |
111,090 | 450,532 | ||||||
DFS Furniture PLC |
350,930 | 590,982 | ||||||
DiscoverIE Group PLC |
26,803 | 255,514 | ||||||
Diversified Energy Co. PLC |
2,029,123 | 2,373,428 | ||||||
Domino’s Pizza Group PLC |
407,043 | 1,442,424 | ||||||
EMIS Group PLC |
24,373 | 452,040 | ||||||
Empiric Student Property PLC |
705,866 | 788,110 | ||||||
Essentra PLC |
178,244 | 426,234 | ||||||
FDM Group Holdings PLC |
67,666 | 606,576 | ||||||
Fevertree Drinks PLC |
39,471 | 626,642 | ||||||
Firstgroup PLC |
206,131 | 264,811 | ||||||
Forterra PLC(b) |
373,920 | 918,194 | ||||||
Gamma Communications PLC |
25,250 | 337,180 | ||||||
Genuit Group PLC |
173,356 | 598,025 | ||||||
Great Portland Estates PLC |
120,441 | 755,021 | ||||||
Halfords Group PLC |
215,225 | 465,169 | ||||||
Hammerson PLC |
1,833,844 | 591,579 | ||||||
Helical PLC |
57,609 | 213,692 | ||||||
Hill & Smith PLC |
47,822 | 793,518 | ||||||
Hilton Food Group PLC |
68,207 | 583,595 | ||||||
Hollywood Bowl Group PLC |
84,407 | 243,171 | ||||||
Hunting PLC |
111,384 | 325,021 | ||||||
I3 Energy PLC(a) |
1,580,379 | 357,984 | ||||||
Ibstock PLC(b) |
669,681 | 1,428,347 | ||||||
Impax Asset Management Group PLC |
86,140 | 849,932 | ||||||
IntegraFin Holdings PLC |
285,158 | 959,028 | ||||||
Jadestone Energy PLC |
400,139 | 336,431 | ||||||
James Halstead PLC(a) |
109,949 | 248,782 | ||||||
Keller Group PLC |
39,099 | 328,256 | ||||||
Learning Technologies Group PLC |
178,031 | 283,963 | ||||||
Liontrust Asset Management PLC |
120,922 | 1,528,033 | ||||||
Lok’nStore Group PLC(a) |
20,570 | 185,667 | ||||||
Mitie Group PLC |
624,901 | 632,035 | ||||||
MJ Gleeson PLC(a) |
56,938 | 304,132 | ||||||
Moneysupermarket.com Group PLC |
678,918 | 2,090,226 | ||||||
Morgan Advanced Materials PLC |
207,992 | 727,796 | ||||||
Morgan Sindall Group PLC |
44,916 | 938,565 | ||||||
Mortgage Advice Bureau Holdings Ltd. |
17,252 | 158,278 | ||||||
NCC Group PLC |
148,269 | 187,360 | ||||||
Next Fifteen Communications Group PLC |
28,876 | 299,197 | ||||||
Ninety One PLC(a) |
758,389 | 1,736,639 | ||||||
Oxford Instruments PLC |
10,568 | 327,323 | ||||||
Pagegroup PLC |
494,904 | 2,792,822 | ||||||
Pan African Resources PLC |
2,053,710 | 421,018 | ||||||
PayPoint PLC |
63,208 | 355,599 | ||||||
Pets at Home Group PLC |
416,201 | 1,898,917 | ||||||
Premier Foods PLC |
214,973 | 324,280 | ||||||
PZ Cussons PLC |
269,055 | 616,111 | ||||||
Quilter PLC(b) |
1,674,086 | 1,744,118 | ||||||
Redde Northgate PLC |
264,176 | 1,128,543 | ||||||
Redrow PLC |
531,870 | 3,131,637 | ||||||
Restore PLC(a) |
60,110 | 200,672 | ||||||
RWS Holdings PLC |
264,384 | 977,424 | ||||||
Savills PLC |
118,741 | 1,455,694 | ||||||
Serica Energy PLC |
437,759 | 1,198,907 | ||||||
Shaftesbury Capital PLC |
295,576 | 419,188 | ||||||
Smart Metering Systems PLC |
94,401 | 866,078 | ||||||
Speedy Hire PLC |
580,233 | 241,415 | ||||||
Spirent Communications PLC |
256,522 | 549,667 | ||||||
SThree PLC |
77,903 | 401,186 | ||||||
TBC Bank Group PLC |
32,341 | 895,732 | ||||||
Telecom Plus PLC |
64,465 | 1,506,477 | ||||||
TP ICAP Group PLC |
810,708 | 1,805,322 | ||||||
TT Electronics PLC |
106,903 | 247,441 |
See Notes to Financial Statements.
WisdomTree Trust | 23 |
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2023
Investments | Shares | Value | ||||||
Tyman PLC |
229,578 | $ | 682,687 | |||||
Vertu Motors PLC |
490,596 | 362,745 | ||||||
Vesuvius PLC |
249,746 | 1,277,808 | ||||||
VIDENDUM PLC |
33,018 | 361,302 | ||||||
Volex PLC(a) |
41,724 | 111,434 | ||||||
Volution Group PLC |
71,989 | 383,192 | ||||||
Watkin Jones PLC |
485,995 | 533,607 | ||||||
Wickes Group PLC |
511,515 | 874,064 | ||||||
Wincanton PLC |
116,792 | 311,920 | ||||||
Workspace Group PLC |
203,275 | 1,097,850 | ||||||
XPS Pensions Group PLC |
174,156 | 344,536 | ||||||
YouGov PLC |
15,753 | 177,247 | ||||||
|
|
|||||||
Total United Kingdom |
|
73,479,174 | ||||||
United States – 0.1% |
| |||||||
PolyPeptide Group AG*(a)(b) |
8,522 | 172,670 | ||||||
TOTAL COMMON STOCKS (Cost: $247,652,688) |
|
247,882,161 | ||||||
EXCHANGE-TRADED FUND – 0.0% |
| |||||||
United States – 0.0% |
| |||||||
WisdomTree International MidCap Dividend Fund(c) (Cost: $61,960) | 1,100 | 64,306 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.7% |
| |||||||
United States – 11.7% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 4.84%(d) |
||||||||
(Cost: $29,380,946) | 29,380,946 | $ | 29,380,946 | |||||
TOTAL INVESTMENTS IN SECURITIES –
110.6% (Cost: $277,095,594) |
|
277,327,413 | ||||||
Other Assets less Liabilities – (10.6)% |
|
(26,530,095 | ) | |||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 250,797,318 |
* |
Non-income producing security. |
(a) |
Security, or portion thereof, was on loan at March 31, 2023 (See Note 2). At March 31, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $34,250,422 and the total market value of the collateral held by the Fund was $36,261,394. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,880,448. |
(b) |
This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(c) |
Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
(d) |
Rate shown represents annualized 7-day yield as of March 31, 2023. |
INVESTMENT IN AFFILIATES |
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2023 were as follows:
Affiliate | Value at 3/31/2022 |
Purchases/ Additions |
Sales/ Reductions |
Realized Gain/(Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Value at 3/31/2023 |
Dividend Income |
|||||||||||||||||||||
WisdomTree International MidCap Dividend Fund |
$ | 1,141,154 | $ | 9,125,044 | $ | 9,892,178 | $ | (321,495 | ) | $ | 11,781 | $ | 64,306 | $ | 72,655 |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and Description of Currency to be Purchased |
Amount and |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
Goldman Sachs |
4/3/2023 | 488,225 | NOK | 43,000 | EUR | $ | — | $ | (100 | ) | ||||||||||||||||||
Standard Chartered Bank |
4/3/2023 | 968,979 | NOK | 75,000 | GBP | — | (213 | ) | ||||||||||||||||||||
Standard Chartered Bank |
4/3/2023 | 191,862 | NOK | 190,000 | SEK | — | (4 | ) | ||||||||||||||||||||
Standard Chartered Bank |
4/3/2023 | 872,054 | NOK | 83,500 | USD | — | (234 | ) | ||||||||||||||||||||
UBS AG |
4/3/2023 | 97,214 | NOK | 8,500 | CHF | — | (22 | ) | ||||||||||||||||||||
$ | — | $ | (573 | ) |
See Notes to Financial Statements.
24 | WisdomTree Trust |
Schedule of Investments (concluded)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2023
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2023 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted Prices in Active Markets (Level 1) |
Other Significant Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | |||||||||||||
Assets: |
||||||||||||||||
Investments in Securities |
||||||||||||||||
Common Stocks |
$ | 247,882,161 | $ | — | $ | — | $ | 247,882,161 | ||||||||
Exchange-Traded Fund |
64,306 | — | — | 64,306 | ||||||||||||
Investment of Cash Collateral for Securities Loaned |
— | 29,380,946 | — | 29,380,946 | ||||||||||||
Total Investments in Securities |
$ | 247,946,467 | $ | 29,380,946 | $ | — | $ | 277,327,413 | ||||||||
Liabilities: |
||||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (573 | ) | $ | — | $ | (573 | ) | ||||||
Total – Net |
$ | 247,946,467 | $ | 29,380,373 | $ | — | $ | 277,326,840 |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
WisdomTree Trust | 25 |
Schedule of Investments
WisdomTree International AI Enhanced Value Fund (AIVI)
March 31, 2023
Investments | Shares | Value | ||||||
COMMON STOCKS – 95.3% |
| |||||||
Australia – 7.8% |
| |||||||
APA Group |
27,208 | $ | 184,412 | |||||
ASX Ltd.(a) |
4,153 | 180,851 | ||||||
Aurizon Holdings Ltd. |
825,791 | 1,858,328 | ||||||
Lendlease Corp. Ltd. |
36,983 | 179,083 | ||||||
Lottery Corp. Ltd. |
63,205 | 216,738 | ||||||
National Australia Bank Ltd. |
15,793 | 293,205 | ||||||
Sonic Healthcare Ltd. |
65,192 | 1,521,196 | ||||||
Transurban Group |
147,493 | 1,403,713 | ||||||
Woolworths Group Ltd.(a) |
8,206 | 208,297 | ||||||
|
|
|||||||
Total Australia |
|
6,045,823 | ||||||
Belgium – 2.6% |
| |||||||
Ageas SA/NV |
4,204 | 182,058 | ||||||
Groupe Bruxelles Lambert NV |
21,338 | 1,819,839 | ||||||
|
|
|||||||
Total Belgium |
|
2,001,897 | ||||||
Finland – 0.2% |
| |||||||
Sampo Oyj, Class A |
3,903 | 184,373 | ||||||
France – 4.8% |
| |||||||
Arkema SA |
3,806 | 375,461 | ||||||
Danone SA |
3,560 | 221,661 | ||||||
Eiffage SA |
1,803 | 195,378 | ||||||
Orange SA |
16,648 | 198,091 | ||||||
Publicis Groupe SA |
24,779 | 1,932,400 | ||||||
Societe Generale SA |
6,576 | 148,498 | ||||||
Valeo |
14,909 | 306,302 | ||||||
Vinci SA |
1,666 | 191,356 | ||||||
Vivendi SE |
18,431 | 186,226 | ||||||
|
|
|||||||
Total France |
|
3,755,373 | ||||||
Germany – 4.1% |
| |||||||
HeidelbergCement AG |
34,041 | 2,487,533 | ||||||
Mercedes-Benz Group AG |
9,365 | 720,159 | ||||||
|
|
|||||||
Total Germany |
|
3,207,692 | ||||||
Hong Kong – 4.2% |
| |||||||
CK Asset Holdings Ltd. |
106,000 | 643,431 | ||||||
CK Infrastructure Holdings Ltd. |
36,000 | 195,823 | ||||||
CLP Holdings Ltd. |
31,000 | 223,912 | ||||||
Hang Lung Properties Ltd. |
99,000 | 185,137 | ||||||
Henderson Land Development Co. Ltd. |
292,000 | 1,009,917 | ||||||
Hongkong Land Holdings Ltd. |
41,600 | 182,624 | ||||||
Power Assets Holdings Ltd. |
38,500 | 206,479 | ||||||
Sino Land Co. Ltd. |
154,000 | 208,343 | ||||||
Sun Hung Kai Properties Ltd. |
27,500 | 385,353 | ||||||
|
|
|||||||
Total Hong Kong |
|
3,241,019 | ||||||
Italy – 3.6% |
| |||||||
Eni SpA(a) |
84,955 | 1,191,216 | ||||||
Mediobanca Banca di Credito Finanziario SpA |
57,211 | 576,070 | ||||||
Snam SpA |
194,951 | 1,035,512 | ||||||
|
|
|||||||
Total Italy |
|
2,802,798 | ||||||
Japan – 22.8% |
| |||||||
AGC, Inc. |
14,600 | 540,273 | ||||||
Aisin Corp.(a) |
9,900 | 271,136 | ||||||
Asahi Group Holdings Ltd. |
21,600 | 799,146 | ||||||
Asahi Kasei Corp. |
51,400 | 357,741 | ||||||
Daiwa Securities Group, Inc.(a) |
42,700 | 199,239 | ||||||
Honda Motor Co. Ltd.(a) |
24,800 | 654,054 | ||||||
Hulic Co. Ltd. |
24,000 | 196,018 | ||||||
Inpex Corp. |
130,200 | 1,366,665 | ||||||
ITOCHU Corp.(a) |
6,500 | 210,057 | ||||||
Japan Post Insurance Co. Ltd. |
16,100 | 250,047 | ||||||
Kao Corp. |
6,300 | 244,587 | ||||||
Kirin Holdings Co. Ltd. |
12,800 | 201,584 | ||||||
Kyocera Corp. |
3,900 | 201,842 | ||||||
Lixil Corp. |
12,000 | 196,288 | ||||||
MEIJI Holdings Co. Ltd.(a) |
8,400 | 199,128 | ||||||
Mitsubishi Corp. |
7,000 | 249,883 | ||||||
Mitsubishi Electric Corp. |
91,100 | 1,080,482 | ||||||
Mitsubishi Estate Co. Ltd. |
17,700 | 209,663 | ||||||
Mitsubishi HC Capital, Inc. |
45,600 | 234,356 | ||||||
Mitsui & Co. Ltd. |
6,700 | 207,207 | ||||||
Mitsui Fudosan Co. Ltd. |
12,200 | 227,702 | ||||||
MS&AD Insurance Group Holdings, Inc. |
6,700 | 206,704 | ||||||
NEC Corp. |
6,300 | 241,416 | ||||||
NGK Insulators Ltd.(a) |
14,600 | 192,195 | ||||||
Nissan Chemical Corp.(a) |
4,400 | 198,031 | ||||||
Nissan Motor Co. Ltd.(a) |
204,000 | 768,085 | ||||||
Nitto Denko Corp. |
3,700 | 237,696 | ||||||
Nomura Real Estate Holdings, Inc. |
51,700 | 1,138,185 | ||||||
Ono Pharmaceutical Co. Ltd. |
12,600 | 261,676 | ||||||
ORIX Corp. |
14,900 | 243,669 | ||||||
Otsuka Corp. |
50,700 | 1,784,728 | ||||||
SCSK Corp. |
13,200 | 191,915 | ||||||
Secom Co. Ltd. |
3,200 | 196,294 | ||||||
Shimizu Corp.(a) |
58,900 | 331,918 | ||||||
Sompo Holdings, Inc.(a) |
9,200 | 363,051 | ||||||
Subaru Corp. |
11,900 | 189,064 | ||||||
Sumitomo Realty & Development Co. Ltd. |
15,100 | 338,329 | ||||||
Takeda Pharmaceutical Co. Ltd. |
19,300 | 630,814 | ||||||
Tosoh Corp. |
136,300 | 1,840,342 | ||||||
Yamato Holdings Co. Ltd. |
15,600 | 265,958 | ||||||
|
|
|||||||
Total Japan |
|
17,717,168 | ||||||
Netherlands – 7.1% |
| |||||||
JDE Peet’s NV |
42,371 | 1,234,631 | ||||||
Koninklijke Philips NV |
146,966 | 2,688,224 | ||||||
NN Group NV |
24,091 | 875,771 | ||||||
OCI NV |
10,169 | 345,364 | ||||||
Randstad NV(a) |
3,093 | 183,477 | ||||||
Wolters Kluwer NV |
1,642 | 207,563 | ||||||
|
|
|||||||
Total Netherlands |
|
5,535,030 | ||||||
Norway – 4.0% |
| |||||||
DNB Bank ASA |
62,076 | 1,110,458 | ||||||
Gjensidige Forsikring ASA(a) |
22,772 | 372,463 | ||||||
Orkla ASA |
28,195 | 199,918 | ||||||
Telenor ASA |
124,733 | 1,461,338 | ||||||
|
|
|||||||
Total Norway |
|
3,144,177 |
See Notes to Financial Statements.
26 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree International AI Enhanced Value Fund (AIVI)
March 31, 2023
Investments | Shares | Value | ||||||
Singapore – 1.4% |
| |||||||
CapitaLand Investment Ltd. |
71,200 | $ | 197,071 | |||||
City Developments Ltd. |
48,800 | 270,510 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
41,600 | 387,042 | ||||||
UOL Group Ltd. |
37,600 | 195,982 | ||||||
|
|
|||||||
Total Singapore |
|
1,050,605 | ||||||
Spain – 4.2% |
| |||||||
ACS Actividades de Construccion y Servicios SA |
7,566 | 241,259 | ||||||
Enagas SA |
129,634 | 2,492,883 | ||||||
Red Electrica Corp. SA |
13,520 | 237,959 | ||||||
Repsol SA |
19,207 | 296,005 | ||||||
|
|
|||||||
Total Spain |
|
3,268,106 | ||||||
Sweden – 0.5% |
| |||||||
Essity AB, Class B(a) |
7,022 | 200,715 | ||||||
Tele2 AB, Class B |
20,626 | 205,374 | ||||||
|
|
|||||||
Total Sweden |
|
406,089 | ||||||
Switzerland – 8.5% |
| |||||||
Baloise Holding AG, Registered Shares |
2,146 | 334,509 | ||||||
EMS-Chemie Holding AG, Registered Shares |
251 | 207,163 | ||||||
Geberit AG, Registered Shares |
1,008 | 561,845 | ||||||
Holcim AG, Registered Shares* |
31,392 | 2,023,960 | ||||||
SGS SA, Registered Shares |
83 | 182,708 | ||||||
Swiss Prime Site AG, Registered Shares |
9,805 | 816,234 | ||||||
Swiss Re AG |
22,095 | 2,269,602 | ||||||
Temenos AG, Registered Shares |
2,578 | 178,573 | ||||||
|
|
|||||||
Total Switzerland |
|
6,574,594 | ||||||
United Kingdom – 17.5% |
| |||||||
Aviva PLC |
450,564 | 2,251,798 | ||||||
BAE Systems PLC |
36,155 | 439,260 | ||||||
British American Tobacco PLC |
38,359 | 1,347,220 | ||||||
Bunzl PLC |
5,310 | 200,709 | ||||||
CK Hutchison Holdings Ltd. |
51,000 | 316,397 | ||||||
Imperial Brands PLC |
40,063 | 923,349 | ||||||
J. Sainsbury PLC |
58,682 | 202,217 | ||||||
Legal & General Group PLC |
61,502 | 181,669 | ||||||
M&G PLC |
902,630 | 2,209,793 | ||||||
Phoenix Group Holdings PLC |
305,578 | 2,064,474 | ||||||
Reckitt Benckiser Group PLC |
4,909 | 373,774 | ||||||
RELX PLC |
6,837 | 221,315 | ||||||
Schroders PLC |
291,792 | 1,659,617 | ||||||
Shell PLC |
6,840 | 195,237 | ||||||
Taylor Wimpey PLC |
280,520 | 412,577 | ||||||
United Utilities Group PLC |
48,374 | 634,008 | ||||||
|
|
|||||||
Total United Kingdom |
|
13,633,414 | ||||||
United States – 2.0% |
| |||||||
GSK PLC |
88,040 | 1,555,567 | ||||||
TOTAL
COMMON STOCKS (Cost: $76,159,793) |
|
74,123,725 | ||||||
PREFERRED STOCK – 2.7% |
| |||||||
Germany – 2.7% |
| |||||||
Henkel
AG & Co. KGaA (Cost: $2,535,302) |
26,907 | 2,106,538 | ||||||
EXCHANGE-TRADED FUND – 0.5% |
| |||||||
United States – 0.5% |
| |||||||
iShares MSCI EAFE
Value ETF (Cost: $373,178) |
7,936 | 385,134 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5% |
| |||||||
United States – 4.5% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 4.84%(b) |
||||||||
(Cost: $3,481,984) | 3,481,984 | 3,481,984 | ||||||
TOTAL INVESTMENTS IN SECURITIES –
103.0% (Cost: $82,550,257) |
|
80,097,381 | ||||||
Other Assets less Liabilities – (3.0)% |
|
(2,312,661 | ) | |||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 77,784,720 |
* |
Non-income producing security. |
(a) |
Security, or portion thereof, was on loan at March 31, 2023 (See Note 2). At March 31, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $5,165,534 and the total market value of the collateral held by the Fund was $5,472,739. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,990,755. |
(b) |
Rate shown represents annualized 7-day yield as of March 31, 2023. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and |
Amount and |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
Morgan Stanley & Co. International |
4/4/2023 | 45,652 | USD | 68,000 | AUD | $ | 110 | $ | — | |||||||||||||||||||
Morgan Stanley & Co. International |
4/4/2023 | 30,648 | USD | 28,000 | CHF | — | (2 | ) | ||||||||||||||||||||
Standard Chartered Bank |
4/4/2023 | 55,231 | USD | 7,350,000 | JPY | 5 | — | |||||||||||||||||||||
$ | 115 | $ | (2 | ) |
See Notes to Financial Statements.
WisdomTree Trust | 27 |
Schedule of Investments (concluded)
WisdomTree International AI Enhanced Value Fund (AIVI)
March 31, 2023
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2023 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted Prices in Active Markets (Level 1) |
Other Significant Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | |||||||||||||
Assets: |
||||||||||||||||
Investments in Securities |
||||||||||||||||
Common Stocks |
$ | 74,123,725 | $ | — | $ | — | $ | 74,123,725 | ||||||||
Preferred Stock |
2,106,538 | — | — | 2,106,538 | ||||||||||||
Exchange-Traded Fund |
385,134 | — | — | 385,134 | ||||||||||||
Investment of Cash Collateral for Securities Loaned |
— | 3,481,984 | — | 3,481,984 | ||||||||||||
Total Investments in Securities |
$ | 76,615,397 | $ | 3,481,984 | $ | — | $ | 80,097,381 | ||||||||
Financial Derivative Instruments |
|
|||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | 115 | $ | — | $ | 115 | ||||||||
Liabilities: |
|
|||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (2 | ) | $ | — | $ | (2 | ) | ||||||
Total – Net |
$ | 76,615,397 | $ | 3,482,097 | $ | — | $ | 80,097,494 |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
28 | WisdomTree Trust |
Schedule of Investments
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.9% |
| |||||||
Australia – 12.5% |
| |||||||
Abacus Property Group |
77,206 | $ | 134,443 | |||||
AGL Energy Ltd. |
28,954 | 156,105 | ||||||
ALS Ltd. |
13,804 | 114,271 | ||||||
Ampol Ltd. |
16,163 | 330,059 | ||||||
ANZ Group Holdings Ltd. |
186,671 | 2,866,776 | ||||||
APA Group |
60,789 | 412,020 | ||||||
Aristocrat Leisure Ltd. |
7,919 | 197,300 | ||||||
ASX Ltd.(a) |
8,016 | 349,074 | ||||||
AUB Group Ltd. |
4,431 | 75,705 | ||||||
Aurizon Holdings Ltd. |
103,752 | 233,479 | ||||||
Australian Clinical Labs Ltd.(a) |
37,808 | 89,386 | ||||||
Bank of Queensland Ltd.(a) |
31,628 | 137,477 | ||||||
Bapcor Ltd. |
21,690 | 92,681 | ||||||
Bendigo & Adelaide Bank Ltd.(a) |
30,469 | 176,925 | ||||||
BHP Group Ltd. |
675,449 | 21,366,007 | ||||||
BlueScope Steel Ltd. |
12,513 | 168,869 | ||||||
Brambles Ltd. |
31,620 | 284,414 | ||||||
Brickworks Ltd. |
9,847 | 149,377 | ||||||
BWP Trust |
33,665 | 85,228 | ||||||
carsales.com Ltd. |
13,147 | 194,859 | ||||||
Challenger Ltd. |
18,325 | 76,585 | ||||||
Champion Iron Ltd.(a) |
22,659 | 108,356 | ||||||
Charter Hall Group |
20,685 | 152,392 | ||||||
Charter Hall Long Wale REIT |
58,049 | 162,900 | ||||||
Cochlear Ltd. |
800 | 126,818 | ||||||
Coles Group Ltd. |
61,175 | 738,315 | ||||||
Commonwealth Bank of Australia |
74,196 | 4,885,795 | ||||||
Computershare Ltd. |
9,967 | 144,122 | ||||||
Cromwell Property Group |
365,275 | 135,777 | ||||||
CSL Ltd. |
4,580 | 884,347 | ||||||
CSR Ltd. |
45,711 | 145,421 | ||||||
Deterra Royalties Ltd. |
44,130 | 141,869 | ||||||
Dexus |
73,316 | 368,767 | ||||||
Downer EDI Ltd. |
36,790 | 84,516 | ||||||
Eagers Automotive Ltd. |
14,569 | 131,630 | ||||||
Elders Ltd.(a) |
13,871 | 80,174 | ||||||
Endeavour Group Ltd.(a) |
35,194 | 159,577 | ||||||
First Resources Ltd. |
110,800 | 130,838 | ||||||
Goodman Group |
33,293 | 418,979 | ||||||
GPT Group |
90,067 | 255,767 | ||||||
Growthpoint Properties Australia Ltd. |
94,965 | 193,353 | ||||||
GUD Holdings Ltd.(a) |
8,966 | 58,789 | ||||||
Harvey Norman Holdings Ltd.(a) |
102,950 | 246,844 | ||||||
Helia Group Ltd. |
54,822 | 105,378 | ||||||
HomeCo Daily Needs REIT |
119,265 | 92,259 | ||||||
Iluka Resources Ltd. |
13,459 | 95,730 | ||||||
Incitec Pivot Ltd. |
110,360 | 231,350 | ||||||
Insignia Financial Ltd. |
49,463 | 90,770 | ||||||
Insurance Australia Group Ltd. |
50,805 | 159,585 | ||||||
IVE Group Ltd. |
49,321 | 81,591 | ||||||
JB Hi-Fi Ltd. |
10,888 | 309,701 | ||||||
Lendlease Corp. Ltd.(a) |
21,606 | 104,623 | ||||||
Lovisa Holdings Ltd. |
5,573 | 90,476 | ||||||
Macquarie Group Ltd. |
10,877 | 1,279,661 | ||||||
McMillan Shakespeare Ltd.(a) |
9,480 | 91,429 | ||||||
Medibank Pvt Ltd. |
150,419 | 338,497 | ||||||
Metcash Ltd.(a) |
71,291 | 183,827 | ||||||
Mineral Resources Ltd. |
1,906 | 102,877 | ||||||
Mirvac Group(a) |
214,156 | 298,336 | ||||||
Monadelphous Group Ltd.(a) |
9,000 | 75,648 | ||||||
National Australia Bank Ltd. |
155,015 | 2,877,927 | ||||||
Navigator Global Investments Ltd. |
114,577 | 80,575 | ||||||
New Hope Corp. Ltd.(a) |
70,138 | 266,818 | ||||||
Nine Entertainment Co. Holdings Ltd.(a) |
109,084 | 143,926 | ||||||
Northern Star Resources Ltd. |
18,883 | 155,683 | ||||||
NRW Holdings Ltd. |
53,008 | 85,205 | ||||||
Origin Energy Ltd. |
74,130 | 411,587 | ||||||
Orora Ltd. |
46,967 | 107,580 | ||||||
OZ Minerals Ltd. |
4,939 | 92,985 | ||||||
Premier Investments Ltd. |
7,046 | 123,120 | ||||||
QBE Insurance Group Ltd. |
32,445 | 317,041 | ||||||
Qube Holdings Ltd.(a) |
87,045 | 167,316 | ||||||
REA Group Ltd.(a) |
1,681 | 155,401 | ||||||
Reece Ltd.(a) |
8,881 | 103,199 | ||||||
Region RE Ltd. |
65,464 | 103,035 | ||||||
Rio Tinto Ltd. |
133,414 | 9,425,518 | ||||||
Santos Ltd. |
83,123 | 384,134 | ||||||
Scentre Group |
213,140 | 392,564 | ||||||
SEEK Ltd. |
8,945 | 143,303 | ||||||
Seven Group Holdings Ltd.(a) |
15,011 | 232,239 | ||||||
Sims Ltd. |
18,080 | 187,812 | ||||||
SmartGroup Corp. Ltd.(a) |
28,766 | 123,495 | ||||||
Sonic Healthcare Ltd. |
17,371 | 405,337 | ||||||
South32 Ltd. |
507,438 | 1,485,174 | ||||||
Stockland |
210,237 | 560,409 | ||||||
Suncorp Group Ltd. |
37,887 | 307,289 | ||||||
Super Retail Group Ltd. |
20,526 | 172,528 | ||||||
Telstra Group Ltd. |
638,166 | 1,803,678 | ||||||
TPG Telecom Ltd.(a) |
53,152 | 173,721 | ||||||
Transurban Group |
75,866 | 722,028 | ||||||
Treasury Wine Estates Ltd. |
14,325 | 125,396 | ||||||
Vicinity Ltd. |
250,630 | 326,487 | ||||||
Viva Energy Group Ltd.(b) |
107,396 | 217,943 | ||||||
Washington H Soul Pattinson & Co. Ltd.(a) |
11,350 | 229,570 | ||||||
Waypoint REIT Ltd. |
39,854 | 69,133 | ||||||
Wesfarmers Ltd. |
38,851 | 1,307,528 | ||||||
Westpac Banking Corp. |
132,817 | 1,926,748 | ||||||
Whitehaven Coal Ltd. |
51,963 | 234,219 | ||||||
Woodside Energy Group Ltd. |
133,716 | 2,985,808 | ||||||
Woolworths Group Ltd. |
26,138 | 663,475 | ||||||
Worley Ltd. |
24,177 | 233,335 | ||||||
|
|
|||||||
Total Australia |
|
71,208,393 | ||||||
Austria – 0.6% |
| |||||||
Andritz AG |
5,114 | 346,145 | ||||||
BAWAG Group AG*(b) |
6,507 | 315,725 | ||||||
Erste Group Bank AG |
19,539 | 647,458 |
See Notes to Financial Statements.
WisdomTree Trust | 29 |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
Lenzing AG |
2,227 | $ | 168,157 | |||||
Oesterreichische Post AG |
4,632 | 171,354 | ||||||
OMV AG |
15,081 | 692,420 | ||||||
Semperit AG Holding |
1,956 | 52,702 | ||||||
Telekom Austria AG* |
35,998 | 271,815 | ||||||
Verbund AG |
1,506 | 130,896 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe |
6,202 | 166,770 | ||||||
Voestalpine AG |
6,492 | 220,625 | ||||||
Wienerberger AG |
1,649 | 47,727 | ||||||
|
|
|||||||
Total Austria |
|
3,231,794 | ||||||
Belgium – 1.1% |
| |||||||
Ackermans & van Haaren NV |
643 | 106,185 | ||||||
Aedifica SA |
2,251 | 181,219 | ||||||
Ageas SA/NV |
14,710 | 637,030 | ||||||
Anheuser-Busch InBev SA |
13,781 | 918,255 | ||||||
Bekaert SA |
2,468 | 111,545 | ||||||
bpost SA |
15,073 | 85,892 | ||||||
Cofinimmo SA |
2,042 | 180,921 | ||||||
D’ieteren Group |
560 | 108,845 | ||||||
Elia Group SA/NV |
775 | 102,387 | ||||||
Etablissements Franz Colruyt NV |
4,628 | 135,356 | ||||||
Groupe Bruxelles Lambert NV |
2,924 | 249,377 | ||||||
KBC Group NV |
23,628 | 1,624,951 | ||||||
Melexis NV |
1,314 | 151,896 | ||||||
Proximus SADP |
25,224 | 243,737 | ||||||
Solvay SA |
3,512 | 401,975 | ||||||
UCB SA |
2,611 | 233,859 | ||||||
Umicore SA |
3,999 | 135,599 | ||||||
VGP NV |
1,855 | 165,663 | ||||||
Warehouses De Pauw CVA |
7,566 | 224,573 | ||||||
|
|
|||||||
Total Belgium |
|
5,999,265 | ||||||
Burkina Faso – 0.0% |
| |||||||
Endeavour Mining PLC |
7,525 | 185,900 | ||||||
China – 0.5% |
| |||||||
BOC Hong Kong Holdings Ltd. |
531,944 | 1,656,830 | ||||||
Prosus NV* |
5,053 | 394,938 | ||||||
Wilmar International Ltd. |
230,700 | 730,508 | ||||||
|
|
|||||||
Total China |
|
2,782,276 | ||||||
Denmark – 1.4% |
| |||||||
Alm Brand A/S |
67,306 | 125,845 | ||||||
AP Moller – Maersk A/S, Class B |
600 | 1,089,032 | ||||||
Carlsberg A/S, Class B |
2,188 | 339,215 | ||||||
Chr Hansen Holding A/S |
1,279 | 97,186 | ||||||
Coloplast A/S, Class B |
3,833 | 504,131 | ||||||
D/S Norden A/S |
3,944 | 265,290 | ||||||
DSV A/S |
1,450 | 280,524 | ||||||
Novo Nordisk A/S, Class B |
18,601 | 2,945,645 | ||||||
Novozymes A/S, Class B |
3,477 | 177,944 | ||||||
Orsted A/S(b) |
5,808 | 494,182 | ||||||
Pandora A/S |
3,824 | 365,526 | ||||||
Royal Unibrew A/S |
1,875 | 163,530 | ||||||
Scandinavian Tobacco Group A/S(b) |
8,130 | 161,496 | ||||||
Schouw & Co. A/S |
1,504 | 126,128 | ||||||
Sydbank A/S |
3,794 | 170,871 | ||||||
Topdanmark A/S* |
6,079 | 325,204 | ||||||
Tryg A/S |
18,002 | 393,565 | ||||||
|
|
|||||||
Total Denmark |
|
8,025,314 | ||||||
Finland – 1.5% |
| |||||||
Anora Group Oyj(a) |
7,487 | 45,064 | ||||||
Cargotec Oyj, Class B |
2,440 | 118,709 | ||||||
Elisa Oyj |
9,389 | 566,750 | ||||||
Fortum Oyj* |
50,484 | 774,184 | ||||||
Huhtamaki Oyj |
1,905 | 70,783 | ||||||
Kesko Oyj, Class B |
18,277 | 393,269 | ||||||
Kojamo Oyj |
5,550 | 65,423 | ||||||
Kone Oyj, Class B |
14,929 | 778,541 | ||||||
Konecranes Oyj |
4,880 | 163,510 | ||||||
Metsa Board Oyj, Class B(a) |
22,712 | 183,092 | ||||||
Metso Outotec Oyj |
20,429 | 222,839 | ||||||
Neste Oyj |
11,307 | 558,084 | ||||||
Nokia Oyj |
28,361 | 139,135 | ||||||
Nordea Bank Abp(a) |
188,861 | 2,015,091 | ||||||
Orion Oyj, Class B |
3,936 | 176,139 | ||||||
Sampo Oyj, Class A |
22,643 | 1,069,629 | ||||||
Stora Enso Oyj, Class R |
15,366 | 199,999 | ||||||
TietoEVRY Oyj |
3,770 | 118,454 | ||||||
UPM-Kymmene Oyj* |
16,691 | 561,245 | ||||||
Valmet Oyj(a) |
10,854 | 351,883 | ||||||
|
|
|||||||
Total Finland |
|
8,571,823 | ||||||
France – 11.3% |
| |||||||
Air Liquide SA |
7,859 | 1,316,623 | ||||||
Airbus SE |
7,862 | 1,053,017 | ||||||
ALD SA(b) |
38,313 | 449,552 | ||||||
Alten SA |
788 | 125,764 | ||||||
Arkema SA |
2,703 | 266,650 | ||||||
AXA SA |
155,024 | 4,743,713 | ||||||
BNP Paribas SA |
66,860 | 4,010,457 | ||||||
Bollore SE(a) |
40,440 | 249,996 | ||||||
Bouygues SA |
16,902 | 570,911 | ||||||
Bureau Veritas SA |
7,354 | 211,489 | ||||||
Capgemini SE |
2,599 | 482,144 | ||||||
Carrefour SA |
19,089 | 386,372 | ||||||
Cie de Saint-Gobain |
13,776 | 783,070 | ||||||
Cie Generale des Etablissements Michelin SCA |
20,418 | 624,344 | ||||||
Coface SA |
17,584 | 249,309 | ||||||
Danone SA |
18,566 | 1,156,002 | ||||||
Dassault Aviation SA |
995 | 197,394 | ||||||
Dassault Systemes SE |
6,834 | 281,214 | ||||||
Edenred |
4,780 | 283,239 | ||||||
Eiffage SA |
3,828 | 414,812 | ||||||
Engie SA |
169,685 | 2,686,779 | ||||||
Eramet SA |
1,401 | 146,428 | ||||||
EssilorLuxottica SA |
4,966 | 895,621 | ||||||
Eurazeo SE |
1,785 | 127,025 | ||||||
Gaztransport Et Technigaz SA |
1,294 | 132,433 |
See Notes to Financial Statements.
30 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
Gecina SA |
4,056 | $ | 421,054 | |||||
Hermes International |
595 | 1,204,960 | ||||||
Imerys SA |
2,997 | 129,592 | ||||||
Ipsen SA |
1,080 | 119,097 | ||||||
IPSOS |
3,115 | 193,243 | ||||||
Kering SA |
2,282 | 1,487,567 | ||||||
Klepierre SA(a) |
17,979 | 407,269 | ||||||
L’Oreal SA |
8,552 | 3,821,055 | ||||||
La Francaise des Jeux SAEM(b) |
8,507 | 354,817 | ||||||
Legrand SA |
5,023 | 458,845 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
9,566 | 8,775,832 | ||||||
Metropole Television SA(a) |
13,618 | 221,189 | ||||||
Nexans SA |
448 | 44,536 | ||||||
Orange SA |
203,654 | 2,423,238 | ||||||
Pernod Ricard SA |
6,002 | 1,360,906 | ||||||
Publicis Groupe SA |
7,790 | 607,506 | ||||||
Remy Cointreau SA |
837 | 152,772 | ||||||
Rexel SA* |
12,051 | 287,387 | ||||||
Rothschild & Co. |
5,164 | 261,165 | ||||||
Rubis SCA |
6,174 | 165,480 | ||||||
Sanofi |
36,494 | 3,974,406 | ||||||
Sartorius Stedim Biotech |
307 | 94,058 | ||||||
Schneider Electric SE |
9,801 | 1,636,430 | ||||||
Societe Generale SA |
43,299 | 977,772 | ||||||
Sodexo SA |
1,245 | 121,818 | ||||||
Sopra Steria Group SACA |
733 | 153,938 | ||||||
SPIE SA |
6,168 | 179,191 | ||||||
Teleperformance |
480 | 115,616 | ||||||
Television Francaise 1(a) |
17,072 | 150,887 | ||||||
Thales SA |
4,990 | 739,206 | ||||||
TotalEnergies SE(a) |
139,614 | 8,245,521 | ||||||
Valeo |
5,621 | 115,482 | ||||||
Veolia Environnement SA |
21,456 | 662,029 | ||||||
Verallia SA(b) |
4,005 | 171,003 | ||||||
Vinci SA |
15,377 | 1,766,194 | ||||||
Vivendi SE |
33,527 | 338,756 | ||||||
Wendel SE |
2,159 | 228,349 | ||||||
|
|
|||||||
Total France |
|
64,412,524 | ||||||
Georgia – 0.0% |
| |||||||
Bank of Georgia Group PLC |
3,609 | 122,715 | ||||||
Germany – 8.2% |
| |||||||
adidas AG |
4,346 | 768,600 | ||||||
Allianz SE, Registered Shares |
17,697 | 4,091,485 | ||||||
AURELIUS Equity Opportunities SE & Co. KGaA |
3,408 | 54,984 | ||||||
Aurubis AG |
1,305 | 120,600 | ||||||
BASF SE |
47,492 | 2,495,264 | ||||||
Bayer AG, Registered Shares |
28,434 | 1,813,985 | ||||||
Bayerische Motoren Werke AG |
30,328 | 3,325,958 | ||||||
Beiersdorf AG |
1,603 | 208,902 | ||||||
Bilfinger SE |
3,052 | 129,650 | ||||||
Brenntag SE |
4,055 | 304,864 | ||||||
Dermapharm Holding SE |
2,663 | 109,306 | ||||||
Deutsche Bank AG, Registered Shares |
32,527 | 330,631 | ||||||
Deutsche Boerse AG |
3,068 | 598,148 | ||||||
Deutsche Post AG, Registered Shares |
45,447 | 2,127,607 | ||||||
Deutsche Telekom AG, Registered Shares |
190,437 | 4,624,221 | ||||||
Deutz AG |
26,275 | 170,565 | ||||||
DWS Group GmbH & Co. KGaA(b) |
13,445 | 413,679 | ||||||
E.ON SE |
112,501 | 1,405,607 | ||||||
Evonik Industries AG |
18,755 | 394,486 | ||||||
Fielmann AG |
2,761 | 115,128 | ||||||
Freenet AG |
9,461 | 246,180 | ||||||
GEA Group AG |
2,963 | 135,043 | ||||||
Hannover Rueck SE |
4,806 | 941,694 | ||||||
Hapag-Lloyd AG(a)(b) |
13,340 | 4,376,959 | ||||||
HeidelbergCement AG |
7,404 | 541,044 | ||||||
Henkel AG & Co. KGaA |
5,265 | 383,251 | ||||||
Hochtief AG |
2,653 | 221,538 | ||||||
Hornbach Holding AG & Co. KGaA |
1,031 | 82,498 | ||||||
Infineon Technologies AG |
11,590 | 474,465 | ||||||
Kloeckner & Co. SE |
11,137 | 119,848 | ||||||
Mercedes-Benz Group AG |
65,204 | 5,014,117 | ||||||
Merck KGaA |
1,563 | 291,313 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares |
4,411 | 1,545,527 | ||||||
Mutares SE & Co. KGaA |
5,276 | 112,464 | ||||||
Puma SE |
2,978 | 183,968 | ||||||
Rheinmetall AG |
682 | 202,726 | ||||||
RWE AG |
12,998 | 559,783 | ||||||
SAP SE |
17,307 | 2,182,298 | ||||||
Siemens Healthineers AG(b) |
15,718 | 905,413 | ||||||
Siltronic AG |
2,295 | 167,557 | ||||||
Sixt SE |
1,268 | 168,896 | ||||||
Stroeer SE & Co. KGaA |
2,258 | 119,373 | ||||||
Suedzucker AG |
6,929 | 116,534 | ||||||
Symrise AG |
1,669 | 181,691 | ||||||
Talanx AG |
13,058 | 605,779 | ||||||
Telefonica Deutschland Holding AG |
180,562 | 556,539 | ||||||
United Internet AG, Registered Shares |
3,186 | 54,933 | ||||||
Vantage Towers AG |
7,566 | 278,003 | ||||||
Varta AG |
4,693 | 128,742 | ||||||
Volkswagen AG |
9,753 | 1,674,191 | ||||||
Wacker Chemie AG |
2,593 | 420,884 | ||||||
Wacker Neuson SE |
1,245 | 26,092 | ||||||
|
|
|||||||
Total Germany |
|
46,623,013 | ||||||
Hong Kong – 3.2% |
| |||||||
AIA Group Ltd. |
217,165 | 2,286,472 | ||||||
Bank of East Asia Ltd.(a) |
128,400 | 163,241 | ||||||
Champion REIT(a) |
485,000 | 208,211 | ||||||
CLP Holdings Ltd. |
101,500 | 733,132 | ||||||
Dah Sing Banking Group Ltd. |
223,600 | 171,190 | ||||||
Dah Sing Financial Holdings Ltd. |
33,200 | 85,221 | ||||||
Fortune Real Estate Investment Trust |
218,000 | 180,511 | ||||||
Hang Lung Group Ltd. |
111,000 | 195,983 | ||||||
Hang Lung Properties Ltd. |
228,000 | 426,377 | ||||||
Hang Seng Bank Ltd. |
57,300 | 815,344 |
See Notes to Financial Statements.
WisdomTree Trust | 31 |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
Henderson Land Development Co. Ltd. |
306,859 | $ | 1,061,309 | |||||
Hong Kong & China Gas Co. Ltd. |
712,570 | 627,247 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
32,129 | 1,425,145 | ||||||
Hutchison Port Holdings Trust |
997,600 | 186,551 | ||||||
Hysan Development Co. Ltd. |
74,000 | 210,218 | ||||||
Link REIT(a) |
172,773 | 1,111,477 | ||||||
MTR Corp. Ltd. |
278,053 | 1,340,684 | ||||||
New World Development Co. Ltd. |
213,000 | 571,169 | ||||||
PCCW Ltd. |
1,167,000 | 582,760 | ||||||
Power Assets Holdings Ltd. |
179,500 | 962,675 | ||||||
Singamas Container Holdings Ltd. |
520,000 | 41,070 | ||||||
Sino Land Co. Ltd. |
494,755 | 669,342 | ||||||
Sun Hung Kai Properties Ltd. |
181,000 | 2,536,322 | ||||||
Swire Pacific Ltd., Class A |
29,500 | 226,607 | ||||||
Swire Pacific Ltd., Class B |
207,500 | 256,667 | ||||||
Swire Properties Ltd. |
252,600 | 650,007 | ||||||
Techtronic Industries Co. Ltd. |
31,000 | 335,079 | ||||||
|
|
|||||||
Total Hong Kong |
|
18,060,011 | ||||||
Indonesia – 0.0% |
| |||||||
Bumitama Agri Ltd.(a) |
144,600 | 61,449 | ||||||
Nickel Industries Ltd. |
164,913 | 99,405 | ||||||
|
|
|||||||
Total Indonesia |
|
160,854 | ||||||
Ireland – 0.3% |
| |||||||
AIB Group PLC |
29,665 | 120,603 | ||||||
CRH PLC |
21,816 | 1,101,550 | ||||||
Glanbia PLC |
10,308 | 149,620 | ||||||
Kerry Group PLC, Class A |
1,494 | 149,071 | ||||||
Kingspan Group PLC |
1,551 | 106,228 | ||||||
Smurfit Kappa Group PLC |
8,662 | 313,663 | ||||||
|
|
|||||||
Total Ireland |
|
1,940,735 | ||||||
Israel – 0.7% |
| |||||||
Alony Hetz Properties & Investments Ltd. |
8,947 | 69,699 | ||||||
Amot Investments Ltd. |
25,175 | 127,460 | ||||||
Ashtrom Group Ltd. |
5,435 | 81,510 | ||||||
Azrieli Group Ltd. |
2,506 | 143,234 | ||||||
Bank Hapoalim BM |
37,314 | 308,303 | ||||||
Bank Leumi Le-Israel BM |
88,595 | 664,343 | ||||||
Bezeq The Israeli Telecommunication Corp. Ltd. |
124,100 | 168,401 | ||||||
Delek Automotive Systems Ltd. |
10,223 | 94,858 | ||||||
Elbit Systems Ltd. |
744 | 125,837 | ||||||
FIBI Holdings Ltd. |
2,756 | 102,949 | ||||||
First International Bank of Israel Ltd. |
3,091 | 108,595 | ||||||
Gav-Yam Lands Corp. Ltd. |
13,207 | 96,284 | ||||||
Harel Insurance Investments & Financial Services Ltd. |
10,464 | 87,766 | ||||||
ICL Group Ltd. |
118,818 | 796,267 | ||||||
Israel Discount Bank Ltd., Class A |
31,876 | 155,367 | ||||||
Mehadrin Ltd.*‡ |
0 | 3 | ||||||
Mizrahi Tefahot Bank Ltd. |
10,232 | 318,840 | ||||||
Oil Refineries Ltd. |
239,243 | 65,182 | ||||||
Phoenix Holdings Ltd. |
12,446 | 123,055 | ||||||
Plus500 Ltd.(a) |
8,399 | 175,713 | ||||||
Strauss Group Ltd.* |
7,731 | 174,023 | ||||||
|
|
|||||||
Total Israel |
|
3,987,689 | ||||||
Italy – 2.4% |
| |||||||
A2A SpA(a) |
196,199 | 313,346 | ||||||
ACEA SpA |
13,468 | 184,367 | ||||||
Amplifon SpA(a) |
2,382 | 82,658 | ||||||
Anima Holding SpA(b) |
56,423 | 229,633 | ||||||
Assicurazioni Generali SpA |
70,689 | 1,411,585 | ||||||
Azimut Holding SpA(a) |
8,212 | 175,762 | ||||||
Banca Generali SpA(a) |
4,986 | 159,153 | ||||||
Banca Mediolanum SpA |
40,512 | 367,871 | ||||||
Banca Popolare di Sondrio SpA |
23,875 | 101,525 | ||||||
Banco BPM SpA(a) |
78,056 | 305,718 | ||||||
BPER Banca(a) |
51,506 | 127,194 | ||||||
Credito Emiliano SpA |
34,605 | 256,409 | ||||||
Cromwell European Real Estate Investment Trust |
68,800 | 112,869 | ||||||
De’ Longhi SpA |
6,200 | 141,860 | ||||||
DiaSorin SpA(a) |
316 | 33,322 | ||||||
Eni SpA(a) |
195,289 | 2,738,288 | ||||||
ERG SpA |
8,652 | 262,823 | ||||||
Ferrari NV |
1,510 | 408,986 | ||||||
FinecoBank Banca Fineco SpA |
12,536 | 192,583 | ||||||
Hera SpA |
46,265 | 130,789 | ||||||
Infrastrutture Wireless Italiane SpA(b) |
30,248 | 398,299 | ||||||
Iren SpA |
81,211 | 155,729 | ||||||
Italgas SpA(a) |
72,890 | 445,451 | ||||||
Mediobanca Banca di Credito Finanziario SpA |
64,667 | 651,146 | ||||||
Moncler SpA |
2,262 | 156,153 | ||||||
Piaggio & C. SpA |
42,790 | 182,796 | ||||||
Poste Italiane SpA(b) |
68,579 | 701,266 | ||||||
Recordati Industria Chimica e Farmaceutica SpA |
6,384 | 270,223 | ||||||
Snam SpA |
218,667 | 1,161,483 | ||||||
Terna – Rete Elettrica Nazionale |
95,127 | 781,952 | ||||||
Unieuro SpA(a)(b) |
3,050 | 35,986 | ||||||
Unipol Gruppo SpA |
26,973 | 138,934 | ||||||
UnipolSai Assicurazioni SpA(a) |
286,422 | 724,434 | ||||||
|
|
|||||||
Total Italy |
|
13,540,593 | ||||||
Japan – 19.2% |
| |||||||
77 Bank Ltd.(a) |
5,500 | 89,346 | ||||||
ABC-Mart, Inc. |
1,400 | 77,001 | ||||||
ADEKA Corp.(a) |
7,600 | 128,941 | ||||||
Advantest Corp.(a) |
3,900 | 356,330 | ||||||
Aeon Co. Ltd. |
12,300 | 237,146 | ||||||
Aeon Delight Co. Ltd. |
6,100 | 139,334 | ||||||
Aeon Mall Co. Ltd.(a) |
8,700 | 113,546 | ||||||
AGC, Inc. |
10,600 | 392,253 | ||||||
Air Water, Inc. |
12,400 | 154,662 | ||||||
Aisin Corp.(a) |
11,300 | 309,479 | ||||||
Ajinomoto Co., Inc.(a) |
7,600 | 263,022 | ||||||
Amada Co. Ltd. |
18,200 | 169,296 | ||||||
Aozora Bank Ltd.(a) |
11,400 | 205,490 | ||||||
Asahi Group Holdings Ltd. |
11,100 | 410,672 | ||||||
Asahi Holdings, Inc.(a) |
6,000 | 91,156 |
See Notes to Financial Statements.
32 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
Asahi Kasei Corp. |
39,300 | $ | 273,526 | |||||
Astellas Pharma, Inc. |
40,300 | 570,177 | ||||||
Azbil Corp.(a) |
2,500 | 67,811 | ||||||
Bandai Namco Holdings, Inc. |
16,500 | 353,146 | ||||||
Benesse Holdings, Inc. |
800 | 11,661 | ||||||
Bridgestone Corp. |
18,000 | 725,870 | ||||||
Brother Industries Ltd. |
4,100 | 61,366 | ||||||
Canon Marketing Japan, Inc. |
4,200 | 99,406 | ||||||
Canon, Inc. |
30,100 | 668,424 | ||||||
Capcom Co. Ltd. |
2,700 | 96,059 | ||||||
Casio Computer Co. Ltd.(a) |
13,100 | 127,762 | ||||||
Central Japan Railway Co. |
900 | 106,913 | ||||||
Chiba Bank Ltd. |
22,600 | 145,187 | ||||||
Chubu Electric Power Co., Inc. |
27,300 | 286,969 | ||||||
Chugai Pharmaceutical Co. Ltd. |
42,100 | 1,034,390 | ||||||
Citizen Watch Co. Ltd.(a) |
18,400 | 107,560 | ||||||
CKD Corp. |
6,100 | 98,542 | ||||||
Concordia Financial Group Ltd.(a) |
64,900 | 237,968 | ||||||
Cosmo Energy Holdings Co. Ltd. |
6,700 | 215,715 | ||||||
Dai Nippon Printing Co. Ltd. |
7,100 | 197,652 | ||||||
Dai-ichi Life Holdings, Inc.(a) |
30,933 | 565,947 | ||||||
Daicel Corp. |
28,200 | 211,887 | ||||||
Daido Steel Co. Ltd.(a) |
2,200 | 85,957 | ||||||
Daiichi Sankyo Co. Ltd. |
9,000 | 326,080 | ||||||
Daiichikosho Co. Ltd.(a) |
11,200 | 183,791 | ||||||
Daikin Industries Ltd. |
3,200 | 568,758 | ||||||
Daishi Hokuetsu Financial Group, Inc.(a) |
11,900 | 258,404 | ||||||
Daito Trust Construction Co. Ltd. |
3,700 | 366,692 | ||||||
Daiwa House Industry Co. Ltd. |
22,100 | 517,089 | ||||||
Daiwa Securities Group, Inc.(a) |
83,900 | 391,479 | ||||||
DCM Holdings Co. Ltd. |
17,800 | 154,474 | ||||||
Denka Co. Ltd. |
3,100 | 63,705 | ||||||
Denso Corp. |
16,100 | 900,385 | ||||||
Dentsu Group, Inc. |
7,000 | 244,571 | ||||||
DIC Corp. |
4,400 | 78,684 | ||||||
Disco Corp. |
3,000 | 344,879 | ||||||
Doshisha Co. Ltd.(a) |
19,600 | 285,407 | ||||||
Doutor Nichires Holdings Co. Ltd. |
9,900 | 140,812 | ||||||
Dowa Holdings Co. Ltd. |
2,100 | 66,981 | ||||||
East Japan Railway Co. |
3,000 | 165,339 | ||||||
Ebara Corp. |
3,200 | 147,389 | ||||||
EDION Corp.(a) |
12,300 | 118,481 | ||||||
Eisai Co. Ltd.(a) |
4,300 | 242,446 | ||||||
Electric Power Development Co. Ltd. |
8,500 | 136,100 | ||||||
ENEOS Holdings, Inc. |
158,500 | 554,018 | ||||||
Exedy Corp. |
11,400 | 155,295 | ||||||
FANUC Corp. |
21,500 | 768,953 | ||||||
Fast Retailing Co. Ltd. |
2,400 | 520,790 | ||||||
Fuji Electric Co. Ltd. |
5,300 | 207,078 | ||||||
FUJIFILM Holdings Corp. |
9,000 | 452,942 | ||||||
Fujitec Co. Ltd.(a) |
5,300 | 130,818 | ||||||
Fujitsu Ltd. |
3,100 | 415,422 | ||||||
Fukuoka Financial Group, Inc. |
11,500 | 220,253 | ||||||
Furukawa Battery Co. Ltd.(a) |
6,400 | 51,406 | ||||||
Furuya Metal Co. Ltd. |
100 | 6,830 | ||||||
G-Tekt Corp.(a) |
14,600 | 157,091 | ||||||
Goldcrest Co. Ltd.(a) |
8,500 | 109,084 | ||||||
GS Yuasa Corp.(a) |
4,400 | 78,750 | ||||||
Gunze Ltd.(a) |
5,200 | 175,235 | ||||||
H.U. Group Holdings, Inc.(a) |
4,900 | 98,155 | ||||||
Hachijuni Bank Ltd. |
57,400 | 247,990 | ||||||
Hakuhodo DY Holdings, Inc.(a) |
9,400 | 105,590 | ||||||
Hamamatsu Photonics KK |
2,100 | 112,187 | ||||||
Hankyu Hanshin Holdings, Inc. |
5,900 | 173,999 | ||||||
Haseko Corp. |
25,200 | 291,403 | ||||||
Heiwa Corp. |
16,300 | 321,983 | ||||||
Hioki EE Corp. |
2,000 | 129,837 | ||||||
Hirose Electric Co. Ltd. |
2,100 | 272,500 | ||||||
Hisamitsu Pharmaceutical Co., Inc. |
4,300 | 122,128 | ||||||
Hitachi Construction Machinery Co. Ltd. |
6,700 | 154,801 | ||||||
Hitachi Ltd. |
16,300 | 888,178 | ||||||
Honda Motor Co. Ltd.(a) |
51,800 | 1,366,128 | ||||||
Hoya Corp. |
3,100 | 339,139 | ||||||
Hulic Co. Ltd. |
17,500 | 142,930 | ||||||
Ichibanya Co. Ltd.(a) |
3,700 | 140,116 | ||||||
Idemitsu Kosan Co. Ltd.(a) |
13,951 | 303,989 | ||||||
IHI Corp. |
5,100 | 127,222 | ||||||
Iida Group Holdings Co. Ltd.(a) |
7,200 | 116,799 | ||||||
Iino Kaiun Kaisha Ltd. |
15,100 | 113,911 | ||||||
Information Services International-Dentsu Ltd. |
2,600 | 101,585 | ||||||
INFRONEER Holdings, Inc. |
25,900 | 198,886 | ||||||
Inpex Corp. |
51,000 | 535,330 | ||||||
Isetan Mitsukoshi Holdings Ltd.(a) |
12,400 | 138,078 | ||||||
Isuzu Motors Ltd. |
21,800 | 258,639 | ||||||
ITOCHU Corp.(a) |
45,100 | 1,457,473 | ||||||
IwaiCosmo Holdings, Inc.(a) |
20,000 | 201,368 | ||||||
Izumi Co. Ltd. |
4,600 | 108,701 | ||||||
Japan Exchange Group, Inc.(a) |
14,200 | 215,363 | ||||||
Japan Metropolitan Fund Invest |
155 | 112,619 | ||||||
Japan Post Holdings Co. Ltd. |
140,200 | 1,134,009 | ||||||
Japan Post Insurance Co. Ltd. |
18,100 | 281,108 | ||||||
Japan Tobacco, Inc. |
92,244 | 1,939,280 | ||||||
Joshin Denki Co. Ltd.(a) |
11,300 | 165,904 | ||||||
JTEKT Corp.(a) |
17,000 | 130,416 | ||||||
K’s Holdings Corp. |
11,100 | 96,997 | ||||||
Kajima Corp. |
17,200 | 206,519 | ||||||
Kaken Pharmaceutical Co. Ltd. |
5,800 | 161,026 | ||||||
Kamigumi Co. Ltd. |
4,500 | 93,997 | ||||||
Kaneka Corp. |
3,800 | 98,505 | ||||||
Kansai Electric Power Co., Inc. |
34,200 | 331,747 | ||||||
Kao Corp. |
10,200 | 395,998 | ||||||
Kawasaki Kisen Kaisha Ltd.(a) |
22,200 | 504,583 | ||||||
KDDI Corp. |
78,500 | 2,414,160 | ||||||
Keyence Corp. |
1,100 | 532,685 | ||||||
Kikkoman Corp.(a) |
1,600 | 81,028 | ||||||
Kirin Holdings Co. Ltd. |
31,100 | 489,786 | ||||||
Kobe Steel Ltd.(a) |
28,800 | 227,864 | ||||||
Koei Tecmo Holdings Co. Ltd.(a) |
7,600 | 136,365 |
See Notes to Financial Statements.
WisdomTree Trust | 33 |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
Komatsu Ltd. |
27,200 | $ | 669,730 | |||||
Konami Group Corp.(a) |
2,800 | 127,703 | ||||||
Konica Minolta, Inc.(a) |
21,500 | 91,919 | ||||||
Kurabo Industries Ltd.(a) |
6,000 | 113,472 | ||||||
Kuraray Co. Ltd. |
9,500 | 86,870 | ||||||
Kyowa Kirin Co. Ltd. |
9,600 | 208,172 | ||||||
Kyudenko Corp.(a) |
4,800 | 121,361 | ||||||
Kyushu Financial Group, Inc.(a) |
35,500 | 127,233 | ||||||
Kyushu Railway Co.(a) |
8,000 | 177,264 | ||||||
Lawson, Inc. |
2,300 | 96,949 | ||||||
Lintec Corp. |
4,500 | 73,202 | ||||||
Macnica Holdings, Inc. |
6,600 | 186,460 | ||||||
Marubeni Corp. |
98,100 | 1,323,454 | ||||||
Maruichi Steel Tube Ltd.(a) |
7,200 | 157,427 | ||||||
Matsui Securities Co. Ltd.(a) |
22,100 | 130,020 | ||||||
Mazda Motor Corp. |
18,800 | 173,041 | ||||||
Medipal Holdings Corp. |
6,700 | 90,817 | ||||||
MEIJI Holdings Co. Ltd.(a) |
11,200 | 265,505 | ||||||
Mitsubishi Chemical Group Corp. |
51,700 | 305,212 | ||||||
Mitsubishi Corp. |
62,400 | 2,227,533 | ||||||
Mitsubishi Electric Corp. |
41,400 | 491,020 | ||||||
Mitsubishi Estate Co. Ltd. |
22,400 | 265,336 | ||||||
Mitsubishi Gas Chemical Co., Inc. |
12,100 | 178,468 | ||||||
Mitsubishi Heavy Industries Ltd.(a) |
7,400 | 271,113 | ||||||
Mitsubishi Logistics Corp.(a) |
3,700 | 86,460 | ||||||
Mitsubishi Materials Corp.(a) |
9,600 | 155,588 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
444,100 | 2,829,306 | ||||||
Mitsuboshi Belting Ltd.(a) |
3,700 | 109,396 | ||||||
Mitsui & Co. Ltd. |
66,300 | 2,050,423 | ||||||
Mitsui Chemicals, Inc.(a) |
12,100 | 310,023 | ||||||
Mitsui Fudosan Co. Ltd. |
15,200 | 283,694 | ||||||
Mitsui High-Tec, Inc. |
500 | 31,407 | ||||||
Mitsui Mining & Smelting Co. Ltd.(a) |
5,900 | 142,524 | ||||||
Mitsui OSK Lines Ltd.(a) |
42,200 | 1,049,530 | ||||||
MIXI, Inc. |
5,000 | 100,008 | ||||||
Mizuho Financial Group, Inc. |
91,530 | 1,291,557 | ||||||
Mizuho Medy Co. Ltd. |
3,000 | 52,543 | ||||||
Mizuno Corp.(a) |
7,500 | 174,976 | ||||||
MS&AD Insurance Group Holdings, Inc. |
22,730 | 701,250 | ||||||
Murata Manufacturing Co. Ltd. |
11,400 | 688,677 | ||||||
Musashi Seimitsu Industry Co. Ltd.(a) |
6,200 | 86,974 | ||||||
Nabtesco Corp. |
5,000 | 121,722 | ||||||
NEC Corp. |
6,300 | 241,416 | ||||||
NGK Insulators Ltd.(a) |
13,400 | 176,398 | ||||||
NGK Spark Plug Co. Ltd.(a) |
12,200 | 250,802 | ||||||
NHK Spring Co. Ltd. |
17,800 | 126,656 | ||||||
Nichirei Corp.(a) |
5,500 | 110,917 | ||||||
Nikkon Holdings Co. Ltd.(a) |
6,300 | 117,158 | ||||||
Nikon Corp.(a) |
9,000 | 91,630 | ||||||
Nintendo Co. Ltd. |
33,700 | 1,299,231 | ||||||
Nippon Denko Co. Ltd.(a) |
24,500 | 65,719 | ||||||
Nippon Electric Glass Co. Ltd. |
9,500 | 181,948 | ||||||
Nippon Express Holdings, Inc. |
3,900 | 233,549 | ||||||
Nippon Gas Co. Ltd. |
7,900 | 114,205 | ||||||
Nippon Kayaku Co. Ltd.(a) |
18,700 | 168,186 | ||||||
Nippon Light Metal Holdings Co. Ltd.(a) |
8,500 | 93,373 | ||||||
Nippon Shinyaku Co. Ltd. |
300 | 13,141 | ||||||
Nippon Steel Corp. |
55,000 | 1,289,353 | ||||||
Nippon Steel Trading Corp. |
2,000 | 139,605 | ||||||
Nippon Telegraph & Telephone Corp. |
123,500 | 3,676,512 | ||||||
Nippon Yusen KK(a) |
60,600 | 1,406,517 | ||||||
Nishi-Nippon Financial Holdings, Inc. |
19,100 | 156,141 | ||||||
Nishimatsu Construction Co. Ltd.(a) |
5,600 | 144,113 | ||||||
Nissan Chemical Corp.(a) |
3,400 | 153,024 | ||||||
Nissan Motor Co. Ltd.(a) |
32,600 | 122,743 | ||||||
Nisshinbo Holdings, Inc. |
25,000 | 190,097 | ||||||
Nissin Foods Holdings Co. Ltd. |
3,100 | 282,538 | ||||||
Nitto Denko Corp. |
4,000 | 256,969 | ||||||
Noevir Holdings Co. Ltd. |
5,200 | 210,985 | ||||||
NOF Corp.(a) |
4,300 | 199,346 | ||||||
Nomura Holdings, Inc. |
84,200 | 322,464 | ||||||
Nomura Real Estate Holdings, Inc. |
10,800 | 237,764 | ||||||
Nomura Research Institute Ltd. |
10,900 | 251,022 | ||||||
Noritake Co. Ltd. |
3,400 | 117,259 | ||||||
NTT Data Corp. |
13,600 | 176,987 | ||||||
Obic Co. Ltd. |
1,000 | 157,037 | ||||||
Oji Holdings Corp. |
24,900 | 98,036 | ||||||
Okamura Corp.(a) |
14,000 | 143,482 | ||||||
Oki Electric Industry Co. Ltd.(a) |
19,500 | 105,200 | ||||||
Olympus Corp. |
8,800 | 153,301 | ||||||
Ono Pharmaceutical Co. Ltd. |
10,100 | 209,756 | ||||||
Open House Group Co. Ltd. |
2,900 | 107,859 | ||||||
Oracle Corp. |
3,400 | 243,459 | ||||||
Osaka Gas Co. Ltd. |
10,400 | 170,429 | ||||||
Otsuka Corp. |
5,000 | 176,009 | ||||||
Otsuka Holdings Co. Ltd. |
10,900 | 344,223 | ||||||
Panasonic Holdings Corp. |
51,700 | 459,158 | ||||||
Penta-Ocean Construction Co. Ltd.(a) |
18,700 | 88,800 | ||||||
Pola Orbis Holdings, Inc. |
9,300 | 120,329 | ||||||
Recruit Holdings Co. Ltd. |
9,200 | 252,310 | ||||||
Resona Holdings, Inc. |
76,000 | 365,181 | ||||||
Resonac Holdings Corp. |
5,300 | 86,654 | ||||||
Ricoh Co. Ltd. |
10,700 | 79,673 | ||||||
Rohm Co. Ltd. |
1,200 | 98,911 | ||||||
San-In Godo Bank Ltd. |
12,000 | 66,632 | ||||||
Sankyo Co. Ltd. |
2,000 | 83,102 | ||||||
Santen Pharmaceutical Co. Ltd.(a) |
12,100 | 102,735 | ||||||
Sanwa Holdings Corp. |
13,800 | 146,824 | ||||||
SBI Holdings, Inc.(a) |
17,800 | 350,944 | ||||||
SCREEN Holdings Co. Ltd.(a) |
1,700 | 148,809 | ||||||
SCSK Corp. |
9,500 | 138,121 | ||||||
Secom Co. Ltd. |
4,500 | 276,039 | ||||||
Sega Sammy Holdings, Inc. |
11,100 | 209,590 | ||||||
Seiko Epson Corp.(a) |
11,300 | 159,706 | ||||||
Sekisui Chemical Co. Ltd. |
14,500 | 204,388 | ||||||
Sekisui House Ltd. |
27,100 | 549,371 | ||||||
Senko Group Holdings Co. Ltd. |
12,800 | 90,886 | ||||||
Seria Co. Ltd. |
7,900 | 155,638 |
See Notes to Financial Statements.
34 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
Seven & I Holdings Co. Ltd. |
13,600 | $ | 610,564 | |||||
SG Holdings Co. Ltd. |
12,600 | 185,559 | ||||||
Sharp Corp.(a) |
20,300 | 142,309 | ||||||
Shibusawa Warehouse Co. Ltd.(a) |
10,400 | 173,633 | ||||||
Shiga Bank Ltd.(a) |
5,400 | 108,698 | ||||||
Shimamura Co. Ltd. |
1,900 | 192,727 | ||||||
Shimano, Inc. |
1,300 | 223,097 | ||||||
Shin-Etsu Chemical Co. Ltd. |
49,500 | 1,589,996 | ||||||
Shionogi & Co. Ltd. |
7,000 | 314,366 | ||||||
Shiseido Co. Ltd. |
4,100 | 190,413 | ||||||
SMC Corp. |
800 | 419,746 | ||||||
Sodick Co. Ltd. |
21,400 | 122,203 | ||||||
SoftBank Corp.(a) |
314,700 | 3,615,420 | ||||||
Sojitz Corp.(a) |
13,700 | 284,417 | ||||||
Sompo Holdings, Inc. |
15,500 | 611,661 | ||||||
Square Enix Holdings Co. Ltd. |
2,600 | 124,247 | ||||||
St. Marc Holdings Co. Ltd.(a) |
14,100 | 183,600 | ||||||
Stanley Electric Co. Ltd.(a) |
4,100 | 90,293 | ||||||
Starts Corp., Inc. |
6,000 | 114,644 | ||||||
Subaru Corp. |
15,700 | 249,438 | ||||||
SUMCO Corp. |
8,200 | 122,054 | ||||||
Sumitomo Bakelite Co. Ltd. |
1,300 | 50,402 | ||||||
Sumitomo Chemical Co. Ltd.(a) |
71,600 | 239,402 | ||||||
Sumitomo Corp. |
78,200 | 1,375,507 | ||||||
Sumitomo Electric Industries Ltd. |
23,300 | 297,093 | ||||||
Sumitomo Forestry Co. Ltd. |
13,000 | 255,917 | ||||||
Sumitomo Heavy Industries Ltd. |
10,500 | 255,617 | ||||||
Sumitomo Metal Mining Co. Ltd. |
14,200 | 538,702 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
53,500 | 2,129,709 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. |
10,907 | 372,144 | ||||||
Sumitomo Realty & Development Co. Ltd. |
8,300 | 185,969 | ||||||
Sumitomo Rubber Industries Ltd. |
6,700 | 60,209 | ||||||
Sun Frontier Fudousan Co. Ltd.(a) |
18,800 | 180,951 | ||||||
Sundrug Co. Ltd. |
4,800 | 131,099 | ||||||
Suntory Beverage & Food Ltd. |
6,000 | 222,481 | ||||||
Suzuki Motor Corp. |
10,600 | 382,616 | ||||||
T&D Holdings, Inc. |
22,400 | 276,192 | ||||||
Taiheiyo Cement Corp.(a) |
5,400 | 100,908 | ||||||
Taisei Corp.(a) |
7,100 | 218,457 | ||||||
Taiyo Yuden Co. Ltd. |
3,100 | 103,419 | ||||||
Takara Holdings, Inc.(a) |
19,000 | 145,901 | ||||||
Takara Standard Co. Ltd. |
13,600 | 150,112 | ||||||
Takashimaya Co. Ltd.(a) |
18,100 | 262,885 | ||||||
Takeda Pharmaceutical Co. Ltd. |
55,700 | 1,820,535 | ||||||
TDK Corp. |
6,400 | 227,215 | ||||||
Teijin Ltd. |
6,600 | 69,228 | ||||||
Terumo Corp. |
7,300 | 196,034 | ||||||
TIS, Inc. |
5,400 | 141,603 | ||||||
Tocalo Co. Ltd. |
15,100 | 147,040 | ||||||
Toda Corp.(a) |
18,100 | 93,975 | ||||||
Toho Co. Ltd. |
1,900 | 72,380 | ||||||
Tokio Marine Holdings, Inc. |
80,000 | 1,530,994 | ||||||
Tokuyama Corp. |
9,900 | 156,582 | ||||||
Tokyo Electron Ltd. |
14,700 | 1,771,643 | ||||||
Tokyo Gas Co. Ltd. |
11,400 | 213,798 | ||||||
Tokyo Ohka Kogyo Co. Ltd. |
1,200 | 69,337 | ||||||
Tokyo Seimitsu Co. Ltd. |
2,800 | 107,717 | ||||||
Tokyo Steel Manufacturing Co. Ltd.(a) |
5,900 | 60,556 | ||||||
Tokyo Tatemono Co. Ltd. |
1,600 | 19,415 | ||||||
Tokyu Corp.(a) |
8,400 | 111,209 | ||||||
Tokyu Fudosan Holdings Corp. |
19,100 | 91,130 | ||||||
Toray Industries, Inc. |
25,200 | 143,221 | ||||||
Toshiba Corp. |
8,800 | 293,906 | ||||||
Tosoh Corp. |
17,700 | 238,988 | ||||||
TOTO Ltd.(a) |
4,000 | 132,842 | ||||||
Toyo Seikan Group Holdings Ltd. |
14,500 | 198,941 | ||||||
Toyo Suisan Kaisha Ltd. |
2,400 | 100,083 | ||||||
Toyo Tire Corp.(a) |
7,000 | 81,261 | ||||||
Toyoda Gosei Co. Ltd.(a) |
8,800 | 150,755 | ||||||
Toyota Boshoku Corp.(a) |
10,400 | 166,991 | ||||||
Toyota Motor Corp.(a) |
345,450 | 4,879,751 | ||||||
Toyota Tsusho Corp. |
11,400 | 481,389 | ||||||
TPR Co. Ltd. |
12,900 | 129,785 | ||||||
Transcosmos, Inc. |
4,000 | 94,222 | ||||||
Trend Micro, Inc. |
5,200 | 252,791 | ||||||
Tsumura & Co. |
5,400 | 106,710 | ||||||
Tsuruha Holdings, Inc. |
900 | 59,847 | ||||||
UBE Corp.(a) |
7,400 | 114,261 | ||||||
Ulvac, Inc. |
900 | 38,883 | ||||||
Unicharm Corp. |
3,200 | 130,823 | ||||||
USS Co. Ltd. |
14,000 | 241,416 | ||||||
V Technology Co. Ltd.(a) |
6,600 | 139,151 | ||||||
Wacoal Holdings Corp.(a) |
5,900 | 110,251 | ||||||
Wacom Co. Ltd.(a) |
12,300 | 63,769 | ||||||
West Japan Railway Co. |
3,000 | 123,007 | ||||||
Wowow, Inc. |
13,500 | 127,098 | ||||||
Yakult Honsha Co. Ltd. |
3,700 | 267,721 | ||||||
Yamada Holdings Co. Ltd.(a) |
25,800 | 88,397 | ||||||
Yamaguchi Financial Group, Inc.(a) |
46,500 | 283,703 | ||||||
Yamaha Motor Co. Ltd. |
13,100 | 340,567 | ||||||
Yamato Holdings Co. Ltd. |
7,300 | 124,455 | ||||||
Yaskawa Electric Corp.(a) |
2,400 | 104,050 | ||||||
Yokogawa Electric Corp. |
10,600 | 171,238 | ||||||
Yokohama Rubber Co. Ltd. |
7,100 | 149,213 | ||||||
Yondoshi Holdings, Inc. |
12,900 | 173,015 | ||||||
ZOZO, Inc.(a) |
5,500 | 124,596 | ||||||
|
|
|||||||
Total Japan |
|
109,430,448 | ||||||
Netherlands – 2.1% |
| |||||||
Aalberts NV |
4,244 | 200,159 | ||||||
Aegon NV |
58,615 | 251,609 | ||||||
ASM International NV |
553 | 223,440 | ||||||
ASML Holding NV |
2,919 | 1,982,726 | ||||||
ASR Nederland NV |
10,972 | 437,960 | ||||||
BE Semiconductor Industries NV |
4,630 | 402,924 | ||||||
CTP NV(b) |
11,671 | 151,145 | ||||||
Euronext NV(b) |
2,878 | 220,690 | ||||||
Heijmans NV, CVA |
7,586 | 104,176 |
See Notes to Financial Statements.
WisdomTree Trust | 35 |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
Heineken Holding NV |
3,230 | $ | 296,706 | |||||
Heineken NV |
8,924 | 960,434 | ||||||
JDE Peet’s NV |
7,993 | 232,905 | ||||||
Koninklijke Ahold Delhaize NV |
27,423 | 938,204 | ||||||
Koninklijke DSM NV |
3,163 | 373,541 | ||||||
Koninklijke KPN NV |
236,301 | 835,910 | ||||||
Koninklijke Vopak NV |
6,662 | 235,160 | ||||||
NN Group NV |
14,695 | 534,202 | ||||||
OCI NV(a) |
23,935 | 812,891 | ||||||
Ordina NV |
5,066 | 32,804 | ||||||
Randstad NV(a) |
12,431 | 737,409 | ||||||
RHI Magnesita NV |
3,814 | 105,634 | ||||||
SBM Offshore NV |
13,441 | 199,696 | ||||||
Signify NV(b) |
4,721 | 157,156 | ||||||
Universal Music Group NV(a) |
25,534 | 646,514 | ||||||
Wolters Kluwer NV |
5,150 | 651,003 | ||||||
|
|
|||||||
Total Netherlands |
|
11,724,998 | ||||||
Norway – 1.9% |
| |||||||
AF Gruppen ASA |
15,688 | 223,192 | ||||||
Aker ASA, Class A |
3,169 | 203,337 | ||||||
Aker BP ASA(a) |
29,771 | 728,562 | ||||||
Atea ASA* |
7,418 | 90,661 | ||||||
Austevoll Seafood ASA |
14,800 | 132,694 | ||||||
DNB Bank ASA |
84,520 | 1,511,952 | ||||||
Entra ASA(b) |
14,166 | 136,749 | ||||||
Equinor ASA |
80,151 | 2,285,962 | ||||||
Gjensidige Forsikring ASA(a) |
26,095 | 426,815 | ||||||
Kid ASA(b) |
13,487 | 109,332 | ||||||
Leroy Seafood Group ASA |
29,613 | 153,535 | ||||||
Mowi ASA |
15,853 | 292,747 | ||||||
MPC Container Ships ASA |
68,131 | 108,541 | ||||||
Norsk Hydro ASA |
82,541 | 613,160 | ||||||
Orkla ASA |
22,704 | 160,984 | ||||||
Salmar ASA |
5,901 | 256,818 | ||||||
Selvaag Bolig ASA |
26,944 | 95,318 | ||||||
SpareBank 1 Nord Norge(a) |
15,263 | 128,393 | ||||||
SpareBank 1 SR-Bank ASA |
12,356 | 142,754 | ||||||
Storebrand ASA |
16,870 | 129,379 | ||||||
Telenor ASA |
155,714 | 1,824,303 | ||||||
Veidekke ASA |
13,075 | 138,826 | ||||||
Wallenius Wilhelmsen ASA |
11,304 | 81,706 | ||||||
Yara International ASA |
13,049 | 565,538 | ||||||
|
|
|||||||
Total Norway |
|
10,541,258 | ||||||
Peru – 0.0% |
| |||||||
Hochschild Mining PLC |
34,220 | 35,753 | ||||||
Portugal – 0.4% |
| |||||||
EDP – Energias de Portugal SA |
139,305 | 759,161 | ||||||
Galp Energia SGPS SA |
34,524 | 392,340 | ||||||
Jeronimo Martins SGPS SA |
22,830 | 536,255 | ||||||
Navigator Co. SA |
33,089 | 118,490 | ||||||
NOS SGPS SA |
27,369 | 125,363 | ||||||
REN – Redes Energeticas Nacionais SGPS SA |
69,430 | 203,667 | ||||||
Sonae SGPS SA |
77,787 | 84,934 | ||||||
|
|
|||||||
Total Portugal |
|
2,220,210 | ||||||
Singapore – 2.8% |
| |||||||
BOC Aviation Ltd.(b) |
19,800 | 152,978 | ||||||
Bukit Sembawang Estates Ltd.(a) |
88,300 | 272,295 | ||||||
CapitaLand Ascendas REIT |
215,900 | 464,423 | ||||||
CapitaLand Ascott Trust |
163,800 | 122,584 | ||||||
CapitaLand Integrated Commercial Trust |
368,700 | 549,077 | ||||||
CapitaLand Investment Ltd. |
196,800 | 544,714 | ||||||
City Developments Ltd. |
27,200 | 150,776 | ||||||
ComfortDelGro Corp. Ltd. |
84,300 | 74,818 | ||||||
DBS Group Holdings Ltd. |
117,476 | 2,915,805 | ||||||
Frasers Centrepoint Trust |
42,300 | 72,857 | ||||||
Frasers Logistics & Commercial Trust |
294,800 | 290,465 | ||||||
Genting Singapore Ltd. |
356,000 | 299,891 | ||||||
Jardine Cycle & Carriage Ltd.(a) |
20,655 | 485,945 | ||||||
Jiutian Chemical Group Ltd. |
1,080,300 | 59,315 | ||||||
Kenon Holdings Ltd. |
4,752 | 139,103 | ||||||
Keppel Corp. Ltd. |
70,400 | 298,110 | ||||||
Keppel DC REIT |
89,800 | 139,136 | ||||||
Keppel Infrastructure Trust(a) |
392,400 | 154,947 | ||||||
Keppel REIT |
209,400 | 139,385 | ||||||
Mapletree Industrial Trust |
148,400 | 264,532 | ||||||
Mapletree Logistics Trust(a) |
155,500 | 199,996 | ||||||
Mapletree Pan Asia Commercial Trust |
170,900 | 231,372 | ||||||
NetLink NBN Trust |
387,100 | 250,390 | ||||||
Olam Group Ltd. |
199,500 | 235,580 | ||||||
OUE Commercial Real Estate Investment Trust |
363,800 | 86,192 | ||||||
Oversea-Chinese Banking Corp. Ltd. |
207,095 | 1,926,791 | ||||||
PARAGON REIT |
198,800 | 141,300 | ||||||
Parkway Life Real Estate Investment Trust |
26,000 | 78,026 | ||||||
Raffles Medical Group Ltd. |
133,300 | 149,387 | ||||||
Sembcorp Industries Ltd. |
96,800 | 318,893 | ||||||
Sheng Siong Group Ltd. |
184,300 | 234,265 | ||||||
Singapore Exchange Ltd. |
55,400 | 391,681 | ||||||
Singapore Post Ltd. |
320,900 | 120,680 | ||||||
Singapore Technologies Engineering Ltd. |
149,100 | 410,444 | ||||||
Singapore Telecommunications Ltd. |
672,700 | 1,244,663 | ||||||
Suntec Real Estate Investment Trust |
162,100 | 174,347 | ||||||
United Overseas Bank Ltd. |
86,501 | 1,936,196 | ||||||
Venture Corp. Ltd. |
10,800 | 143,534 | ||||||
Wing Tai Holdings Ltd. |
116,700 | 130,783 | ||||||
|
|
|||||||
Total Singapore |
|
15,995,676 | ||||||
Spain – 3.9% |
| |||||||
Acciona SA(a) |
1,644 | 329,897 | ||||||
Acerinox SA |
15,982 | 164,503 | ||||||
ACS Actividades de Construccion y Servicios SA |
26,041 | 830,377 | ||||||
Atresmedia Corp. de Medios de Comunicacion SA |
32,967 | 124,428 | ||||||
Banco Bilbao Vizcaya Argentaria SA(a) |
253,354 | 1,808,710 | ||||||
Banco de Sabadell SA(a) |
161,549 | 173,549 | ||||||
Banco Santander SA |
484,255 | 1,802,483 | ||||||
Bankinter SA(a) |
38,166 | 216,698 |
See Notes to Financial Statements.
36 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
CaixaBank SA |
238,615 | $ | 929,128 | |||||
Cia de Distribucion Integral Logista Holdings SA |
6,393 | 159,751 | ||||||
Cie Automotive SA |
5,491 | 158,091 | ||||||
EDP Renovaveis SA |
6,206 | 142,200 | ||||||
Enagas SA |
19,360 | 372,296 | ||||||
Endesa SA |
102,168 | 2,220,008 | ||||||
Faes Farma SA |
43,807 | 149,921 | ||||||
Ferrovial SA |
16,547 | 487,010 | ||||||
Fluidra SA(a) |
16,495 | 290,141 | ||||||
Fomento de Construcciones y Contratas SA |
24,405 | 238,633 | ||||||
Grupo Catalana Occidente SA |
7,847 | 247,662 | ||||||
Iberdrola SA |
209,643 | 2,615,900 | ||||||
Industria de Diseno Textil SA |
86,624 | 2,908,081 | ||||||
Inmobiliaria Colonial Socimi SA |
23,103 | 146,209 | ||||||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros(a) |
86,838 | 93,638 | ||||||
Mapfre SA |
210,572 | 425,066 | ||||||
Merlin Properties Socimi SA |
52,468 | 459,451 | ||||||
Naturgy Energy Group SA(a) |
52,729 | 1,589,726 | ||||||
Red Electrica Corp. SA |
23,633 | 415,952 | ||||||
Repsol SA |
59,907 | 923,244 | ||||||
Sacyr SA(a) |
43,207 | 138,949 | ||||||
Telefonica SA |
358,873 | 1,549,063 | ||||||
Unicaja Banco SA(a)(b) |
117,125 | 125,723 | ||||||
Viscofan SA |
2,561 | 183,638 | ||||||
|
|
|||||||
Total Spain |
|
22,420,126 | ||||||
Sweden – 2.4% |
| |||||||
AFRY AB |
7,696 | 138,564 | ||||||
Alfa Laval AB |
7,037 | 250,886 | ||||||
Assa Abloy AB, Class B |
15,372 | 368,084 | ||||||
Atlas Copco AB, Class A |
41,677 | 528,682 | ||||||
Atlas Copco AB, Class B |
25,164 | 289,217 | ||||||
Avanza Bank Holding AB(a) |
5,839 | 136,831 | ||||||
Axfood AB(a) |
9,018 | 220,198 | ||||||
Billerud AB |
10,900 | 112,001 | ||||||
Boliden AB |
9,616 | 378,165 | ||||||
Dometic Group AB(a)(b) |
13,549 | 82,421 | ||||||
Epiroc AB, Class A(a) |
19,799 | 392,942 | ||||||
EQT AB(a) |
10,521 | 213,676 | ||||||
Essity AB, Class B(a) |
15,677 | 448,107 | ||||||
Evolution AB(b) |
2,374 | 317,814 | ||||||
Fabege AB(a) |
13,627 | 104,632 | ||||||
Hexagon AB, Class B |
19,223 | 220,323 | ||||||
Hexpol AB |
14,610 | 181,048 | ||||||
Husqvarna AB, Class B |
27,721 | 240,170 | ||||||
Industrivarden AB, Class A |
5,526 | 149,054 | ||||||
Industrivarden AB, Class C |
4,052 | 109,100 | ||||||
Investment AB Latour, Class B(a) |
8,743 | 177,566 | ||||||
JM AB(a) |
7,538 | 124,888 | ||||||
Lifco AB, Class B(a) |
8,944 | 192,343 | ||||||
Lindab International AB |
1,924 | 29,427 | ||||||
Loomis AB |
4,824 | 165,149 | ||||||
NCC AB, Class B |
10,649 | 94,377 | ||||||
Nibe Industrier AB, Class B |
8,932 | 101,469 | ||||||
Nordnet AB publ |
9,947 | 163,792 | ||||||
Saab AB, Class B |
2,385 | 145,130 | ||||||
Samhallsbyggnadsbolaget i Norden AB, Class D(a) |
3,960 | 6,148 | ||||||
Sandvik AB |
23,924 | 507,109 | ||||||
Securitas AB, Class B(a) |
15,465 | 137,625 | ||||||
Skandinaviska Enskilda Banken AB, Class A*(a) |
74,264 | 818,945 | ||||||
SKF AB, Class B |
13,813 | 271,743 | ||||||
SSAB AB, Class A |
38,097 | 280,835 | ||||||
SSAB AB, Class B |
74,480 | 530,935 | ||||||
Svenska Cellulosa AB SCA, Class B(a) |
12,993 | 170,971 | ||||||
Svenska Handelsbanken AB, Class A(a) |
67,615 | 585,805 | ||||||
Swedbank AB, Class A(a) |
70,577 | 1,158,071 | ||||||
Tele2 AB, Class B |
36,927 | 367,684 | ||||||
Telefonaktiebolaget LM Ericsson, Class B(a) |
87,721 | 512,644 | ||||||
Telia Co. AB(a) |
311,500 | 792,152 | ||||||
Thule Group AB(b) |
9,150 | 224,745 | ||||||
Trelleborg AB, Class B |
7,629 | 216,961 | ||||||
Volvo AB, Class A(a) |
12,996 | 279,483 | ||||||
Volvo AB, Class B |
34,928 | 720,316 | ||||||
Wihlborgs Fastigheter AB |
20,362 | 155,814 | ||||||
|
|
|||||||
Total Sweden |
|
13,814,042 | ||||||
Switzerland – 9.0% |
| |||||||
ABB Ltd., Registered Shares |
45,647 | 1,567,453 | ||||||
Baloise Holding AG, Registered Shares |
2,939 | 458,118 | ||||||
Banque Cantonale Vaudoise, Registered Shares(a) |
3,836 | 362,374 | ||||||
BKW AG |
1,552 | 244,297 | ||||||
Cembra Money Bank AG |
1,289 | 101,379 | ||||||
Cie Financiere Richemont SA, Class A, Registered Shares |
8,917 | 1,424,104 | ||||||
Clariant AG, Registered Shares* |
4,519 | 74,744 | ||||||
Coca-Cola HBC AG* |
8,947 | 244,814 | ||||||
DKSH Holding AG |
2,399 | 193,406 | ||||||
EFG International AG* |
12,506 | 122,521 | ||||||
Galenica AG(b) |
2,212 | 187,289 | ||||||
Geberit AG, Registered Shares |
900 | 501,647 | ||||||
Givaudan SA, Registered Shares |
129 | 419,810 | ||||||
Helvetia Holding AG, Registered Shares |
3,000 | 418,368 | ||||||
Holcim AG, Registered Shares* |
23,483 | 1,514,037 | ||||||
Julius Baer Group Ltd. |
8,150 | 555,972 | ||||||
Kuehne & Nagel International AG, Registered Shares |
3,973 | 1,182,485 | ||||||
Logitech International SA, Registered Shares |
3,861 | 224,420 | ||||||
Lonza Group AG, Registered Shares |
519 | 310,985 | ||||||
Nestle SA, Registered Shares |
78,698 | 9,601,750 | ||||||
Novartis AG, Registered Shares |
103,984 | 9,533,906 | ||||||
OC Oerlikon Corp. AG, Registered Shares |
17,845 | 100,696 | ||||||
Partners Group Holding AG |
767 | 719,354 | ||||||
PSP Swiss Property AG, Registered Shares |
1,303 | 148,336 | ||||||
Roche Holding AG |
20,480 | 5,849,987 | ||||||
Roche Holding AG, Bearer Shares(a) |
3,586 | 1,079,470 | ||||||
Schindler Holding AG, Participation Certificate |
1,197 | 264,806 | ||||||
Schindler Holding AG, Registered Shares |
739 | 156,124 | ||||||
SFS Group AG |
1,832 | 237,435 | ||||||
SGS SA, Registered Shares |
310 | 682,404 |
See Notes to Financial Statements.
WisdomTree Trust | 37 |
Schedule of Investments (continued)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
SIG Group AG*(a) |
6,868 | $ | 176,822 | |||||
Sika AG, Registered Shares |
1,640 | 458,672 | ||||||
Sonova Holding AG, Registered Shares |
864 | 254,031 | ||||||
Stadler Rail AG(a) |
2,379 | 92,967 | ||||||
STMicroelectronics NV |
6,862 | 364,970 | ||||||
Straumann Holding AG, Registered Shares(a) |
1,095 | 163,432 | ||||||
Sulzer AG, Registered Shares(a) |
2,515 | 213,220 | ||||||
Swatch Group AG, Bearer Shares |
1,252 | 429,508 | ||||||
Swiss Life Holding AG, Registered Shares |
1,444 | 890,220 | ||||||
Swiss Prime Site AG, Registered Shares |
3,796 | 316,004 | ||||||
Swiss Re AG |
17,604 | 1,808,286 | ||||||
Swisscom AG, Registered Shares |
2,841 | 1,813,662 | ||||||
UBS Group AG, Registered Shares |
80,331 | 1,696,224 | ||||||
VAT Group AG(a)(b) |
539 | 193,640 | ||||||
Vontobel Holding AG, Registered Shares |
3,488 | 226,412 | ||||||
Zurich Insurance Group AG |
8,151 | 3,905,306 | ||||||
|
|
|||||||
Total Switzerland |
|
51,485,867 | ||||||
United Kingdom – 12.4% |
| |||||||
Airtel Africa PLC(b) |
187,194 | 246,501 | ||||||
Anglo American PLC |
75,739 | 2,507,880 | ||||||
Ashmore Group PLC |
56,773 | 167,490 | ||||||
Ashtead Group PLC |
6,713 | 411,528 | ||||||
Associated British Foods PLC |
13,552 | 325,074 | ||||||
Assura PLC |
200,618 | 121,199 | ||||||
AstraZeneca PLC |
29,846 | 4,144,955 | ||||||
Aviva PLC |
131,704 | 658,221 | ||||||
BAE Systems PLC |
79,347 | 964,015 | ||||||
Balfour Beatty PLC |
21,943 | 101,037 | ||||||
Barclays PLC |
493,036 | 888,818 | ||||||
Beazley PLC |
11,640 | 85,994 | ||||||
Bellway PLC |
7,341 | 200,324 | ||||||
Big Yellow Group PLC |
11,360 | 164,199 | ||||||
BP PLC |
654,191 | 4,131,731 | ||||||
British American Tobacco PLC |
111,698 | 3,922,986 | ||||||
British Land Co. PLC |
43,314 | 207,689 | ||||||
Britvic PLC(a) |
15,718 | 173,162 | ||||||
BT Group PLC |
436,571 | 787,026 | ||||||
Bunzl PLC |
8,287 | 313,234 | ||||||
Burberry Group PLC |
7,187 | 229,801 | ||||||
Central Asia Metals PLC |
49,967 | 146,114 | ||||||
Clarkson PLC |
2,287 | 87,378 | ||||||
Close Brothers Group PLC |
7,257 | 80,846 | ||||||
CNH Industrial NV |
19,304 | 295,297 | ||||||
Compass Group PLC |
14,974 | 376,402 | ||||||
Computacenter PLC |
4,027 | 106,455 | ||||||
ConvaTec Group PLC(b) |
51,290 | 144,972 | ||||||
Cranswick PLC |
2,847 | 105,746 | ||||||
Croda International PLC |
2,312 | 185,757 | ||||||
DCC PLC |
2,388 | 139,306 | ||||||
Derwent London PLC(a) |
3,311 | 96,534 | ||||||
Diageo PLC |
54,113 | 2,418,056 | ||||||
Diversified Energy Co. PLC |
111,053 | 129,897 | ||||||
Drax Group PLC |
18,891 | 141,898 | ||||||
DS Smith PLC |
31,629 | 122,994 | ||||||
Dunelm Group PLC |
8,851 | 120,929 | ||||||
Fresnillo PLC |
16,209 | 149,510 | ||||||
Games Workshop Group PLC |
1,344 | 160,196 | ||||||
Genus PLC |
174 | 6,183 | ||||||
Harbour Energy PLC |
35,590 | 120,750 | ||||||
Hargreaves Lansdown PLC |
11,762 | 116,258 | ||||||
Howden Joinery Group PLC |
19,477 | 168,095 | ||||||
HSBC Holdings PLC |
1,162,818 | 7,903,402 | ||||||
IMI PLC |
9,336 | 177,077 | ||||||
Imperial Brands PLC |
75,580 | 1,741,925 | ||||||
Inchcape PLC |
12,830 | 122,864 | ||||||
InterContinental Hotels Group PLC |
3,759 | 246,892 | ||||||
Intertek Group PLC |
3,491 | 174,946 | ||||||
Investec PLC |
28,092 | 156,166 | ||||||
ITV PLC |
218,514 | 223,710 | ||||||
J. Sainsbury PLC |
112,472 | 387,577 | ||||||
Kingfisher PLC |
64,297 | 207,654 | ||||||
Land Securities Group PLC(a) |
33,510 | 257,385 | ||||||
Legal & General Group PLC |
322,702 | 953,223 | ||||||
Liontrust Asset Management PLC |
9,041 | 114,247 | ||||||
Lloyds Banking Group PLC |
2,386,511 | 1,406,795 | ||||||
London Stock Exchange Group PLC |
4,519 | 439,626 | ||||||
Londonmetric Property PLC |
65,081 | 141,304 | ||||||
Mondi PLC |
14,901 | 236,200 | ||||||
Morgan Sindall Group PLC |
4,894 | 102,265 | ||||||
National Grid PLC |
214,178 | 2,903,756 | ||||||
Next PLC |
3,472 | 282,133 | ||||||
OSB Group PLC |
39,058 | 232,580 | ||||||
Pagegroup PLC |
25,927 | 146,310 | ||||||
Pan African Resources PLC |
119,103 | 24,416 | ||||||
Pearson PLC |
16,576 | 173,063 | ||||||
Prudential PLC |
36,811 | 501,575 | ||||||
QinetiQ Group PLC |
29,687 | 119,223 | ||||||
Quilter PLC(b) |
65,481 | 68,220 | ||||||
Reckitt Benckiser Group PLC |
22,815 | 1,737,148 | ||||||
Redde Northgate PLC |
24,430 | 104,363 | ||||||
Redrow PLC |
13,866 | 81,643 | ||||||
RELX PLC |
48,934 | 1,584,006 | ||||||
Rentokil Initial PLC |
15,701 | 114,850 | ||||||
Rightmove PLC |
7,841 | 54,583 | ||||||
RS Group PLC |
9,998 | 112,989 | ||||||
RWS Holdings PLC |
4,794 | 17,723 | ||||||
Safestore Holdings PLC |
7,895 | 92,737 | ||||||
Sage Group PLC |
28,836 | 276,321 | ||||||
Savills PLC |
8,910 | 109,231 | ||||||
Schroders PLC |
61,560 | 350,133 | ||||||
Segro PLC |
27,896 | 264,761 | ||||||
Serco Group PLC(a) |
58,702 | 111,341 | ||||||
Severn Trent PLC |
9,360 | 333,192 | ||||||
Shell PLC |
312,865 | 8,930,246 | ||||||
Smith & Nephew PLC |
21,351 | 296,202 | ||||||
Smiths Group PLC |
14,721 | 312,434 | ||||||
Spectris PLC |
3,873 | 175,221 | ||||||
Spirax-Sarco Engineering PLC |
643 | 94,252 |
See Notes to Financial Statements.
38 | WisdomTree Trust |
Schedule of Investments (concluded)
WisdomTree International Equity Fund (DWM)
March 31, 2023
Investments | Shares | Value | ||||||
Spirent Communications PLC |
15,750 | $ | 33,749 | |||||
SSE PLC |
44,641 | 995,190 | ||||||
St. James’s Place PLC |
18,110 | 271,168 | ||||||
Standard Chartered PLC |
49,094 | 372,833 | ||||||
Tate & Lyle PLC |
15,913 | 154,375 | ||||||
TBC Bank Group PLC |
4,981 | 137,956 | ||||||
Telecom Plus PLC |
3,292 | 76,930 | ||||||
Tesco PLC |
247,396 | 812,757 | ||||||
TP ICAP Group PLC |
29,982 | 66,765 | ||||||
Travis Perkins PLC |
31,539 | 372,962 | ||||||
Tritax Big Box REIT PLC |
77,648 | 134,315 | ||||||
Unilever PLC |
73,574 | 3,811,667 | ||||||
Unite Group PLC |
15,339 | 181,978 | ||||||
United Utilities Group PLC |
26,571 | 348,249 | ||||||
Vesuvius PLC |
20,755 | 106,191 | ||||||
Victrex PLC |
3,775 | 74,355 | ||||||
Vodafone Group PLC |
1,619,531 | 1,788,205 | ||||||
Weir Group PLC |
2,841 | 65,302 | ||||||
Wincanton PLC |
19,292 | 51,524 | ||||||
Workspace Group PLC |
20,855 | 112,634 | ||||||
|
|
|||||||
Total United Kingdom |
|
70,739,452 | ||||||
United States – 1.1% |
| |||||||
GSK PLC |
190,286 | 3,362,139 | ||||||
Stellantis NV |
169,700 | 3,085,625 | ||||||
|
|
|||||||
Total United States |
|
6,447,764 | ||||||
TOTAL
COMMON STOCKS (Cost: $483,125,308) |
|
563,708,493 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.0% |
| |||||||
United States – 8.0% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 4.84%(c) |
||||||||
(Cost: $45,815,394) | 45,815,394 | 45,815,394 | ||||||
TOTAL INVESTMENTS IN SECURITIES –
106.9% (Cost: $528,940,702) |
|
609,523,887 | ||||||
Other Assets less Liabilities – (6.9)% |
|
(39,370,956 | ) | |||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 570,152,931 |
* |
Non-income producing security. |
‡ |
Share amount represents a fractional share. |
(a) |
Security, or portion thereof, was on loan at March 31, 2023 (See Note 2). At March 31, 2023, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $62,266,565 and the total market value of the collateral held by the Fund was $65,792,668. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $19,977,274. |
(b) |
This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
(c) |
Rate shown represents annualized 7-day yield as of March 31, 2023. |
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of March 31, 2023 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted Prices in Active Markets (Level 1) |
Other Significant Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | |||||||||||||
Assets: |
|
|||||||||||||||
Investments in Securities |
||||||||||||||||
Common Stocks |
$ | 563,708,493 | $ | — | $ | — | $ | 563,708,493 | ||||||||
Investment of Cash Collateral for Securities Loaned |
— | 45,815,394 | — | 45,815,394 | ||||||||||||
Total Investments in Securities |
$ | 563,708,493 | $ | 45,815,394 | $ | — | $ | 609,523,887 |
See Notes to Financial Statements.
WisdomTree Trust | 39 |
Schedule of Investments
WisdomTree International High Dividend Fund (DTH)
March 31, 2023
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.5% |
| |||||||
Australia – 17.7% |
| |||||||
Abacus Property Group |
97,253 | $ | 169,352 | |||||
Accent Group Ltd. |
57,411 | 91,129 | ||||||
Adbri Ltd.(a) |
66,816 | 70,929 | ||||||
Ampol Ltd. |
19,821 | 404,758 | ||||||
ANZ Group Holdings Ltd. |
197,390 | 3,031,392 | ||||||
APA Group |
98,287 | 666,177 | ||||||
Aurizon Holdings Ltd. |
135,321 | 304,521 | ||||||
Australian Clinical Labs Ltd.(a) |
37,528 | 88,724 | ||||||
Bank of Queensland Ltd.(a) |
28,910 | 125,662 | ||||||
Bendigo & Adelaide Bank Ltd.(a) |
37,983 | 220,557 | ||||||
BHP Group Ltd. |
758,280 | 23,986,142 | ||||||
BWP Trust |
37,477 | 94,879 | ||||||
Centuria Capital Group(a) |
56,243 | 56,880 | ||||||
Centuria Industrial REIT |
39,587 | 79,540 | ||||||
Champion Iron Ltd.(a) |
24,758 | 118,393 | ||||||
Charter Hall Long Wale REIT |
77,080 | 216,306 | ||||||
Codan Ltd. |
12,000 | 43,721 | ||||||
Commonwealth Bank of Australia |
80,341 | 5,290,442 | ||||||
Cromwell Property Group |
484,903 | 180,244 | ||||||
CSR Ltd. |
51,739 | 164,598 | ||||||
Dalrymple Bay Infrastructure Ltd. |
30,355 | 54,485 | ||||||
Deterra Royalties Ltd. |
59,587 | 191,560 | ||||||
Dexus |
116,272 | 584,828 | ||||||
Dicker Data Ltd.(a) |
8,482 | 46,526 | ||||||
Downer EDI Ltd. |
32,843 | 75,448 | ||||||
Eagers Automotive Ltd.(a) |
15,585 | 140,809 | ||||||
First Resources Ltd. |
126,300 | 149,141 | ||||||
GPT Group(a) |
167,298 | 475,083 | ||||||
Growthpoint Properties Australia Ltd. |
106,752 | 217,351 | ||||||
GUD Holdings Ltd.(a) |
8,022 | 52,599 | ||||||
Harvey Norman Holdings Ltd.(a) |
111,720 | 267,872 | ||||||
Helia Group Ltd. |
43,444 | 83,507 | ||||||
HomeCo Daily Needs REIT |
144,330 | 111,648 | ||||||
Incitec Pivot Ltd. |
150,488 | 315,471 | ||||||
Insignia Financial Ltd. |
31,727 | 58,223 | ||||||
IRESS Ltd. |
12,699 | 84,371 | ||||||
JB Hi-Fi Ltd. |
13,190 | 375,180 | ||||||
McMillan Shakespeare Ltd. |
9,101 | 87,774 | ||||||
Metcash Ltd.(a) |
81,673 | 210,597 | ||||||
Mirvac Group(a) |
212,708 | 296,319 | ||||||
Myer Holdings Ltd. |
86,560 | 51,596 | ||||||
National Australia Bank Ltd. |
166,095 | 3,083,633 | ||||||
New Hope Corp. Ltd. |
93,797 | 356,821 | ||||||
Nick Scali Ltd.(a) |
9,606 | 60,154 | ||||||
Nine Entertainment Co. Holdings Ltd.(a) |
118,925 | 156,911 | ||||||
NRW Holdings Ltd. |
56,713 | 91,161 | ||||||
Origin Energy Ltd. |
89,432 | 496,547 | ||||||
Orora Ltd. |
91,444 | 209,457 | ||||||
Perpetual Ltd.(a) |
3,717 | 54,669 | ||||||
Premier Investments Ltd. |
7,442 | 130,040 | ||||||
Region RE Ltd. |
56,465 | 88,871 | ||||||
Rio Tinto Ltd. |
190,652 | 13,459,619 | ||||||
Scentre Group |
311,050 | 572,896 | ||||||
Sims Ltd. |
23,275 | 241,777 | ||||||
SmartGroup Corp. Ltd.(a) |
28,633 | 122,924 | ||||||
South32 Ltd. |
722,327 | 2,114,113 | ||||||
Stockland |
284,330 | 757,912 | ||||||
Super Retail Group Ltd.(a) |
21,334 | 179,320 | ||||||
Telstra Group Ltd. |
858,204 | 2,425,581 | ||||||
Terracom Ltd.(a) |
89,964 | 40,370 | ||||||
Vicinity Ltd. |
349,070 | 454,721 | ||||||
Viva Energy Group Ltd.(b) |
134,772 | 273,499 | ||||||
Waypoint REIT Ltd. |
66,945 | 116,126 | ||||||
Wesfarmers Ltd. |
54,978 | 1,850,282 | ||||||
Westpac Banking Corp. |
142,432 | 2,066,231 | ||||||
Whitehaven Coal Ltd. |
70,696 | 318,656 | ||||||
Woodside Energy Group Ltd. |
185,912 | 4,151,317 | ||||||
|
|
|||||||
Total Australia |
|
73,208,342 | ||||||
Austria – 0.8% |
| |||||||
BAWAG Group AG*(b) |
7,251 | 351,825 | ||||||
Erste Group Bank AG |
20,910 | 692,889 | ||||||
Lenzing AG |
2,614 | 197,378 | ||||||
Oesterreichische Post AG(a) |
6,258 | 231,506 | ||||||
OMV AG |
19,947 | 915,834 | ||||||
Semperit AG Holding |
3,485 | 93,900 | ||||||
Telekom Austria AG* |
49,824 | 376,212 | ||||||
Voestalpine AG |
10,181 | 345,993 | ||||||
|
|
|||||||
Total Austria |
|
3,205,537 | ||||||
Belgium – 1.1% |
| |||||||
Aedifica SA |
1,565 | 125,992 | ||||||
Ageas SA/NV |
14,470 | 626,636 | ||||||
Bekaert SA |
3,276 | 148,063 | ||||||
bpost SA |
18,928 | 107,860 | ||||||
Cofinimmo SA |
3,213 | 284,672 | ||||||
Etablissements Franz Colruyt NV(a) |
6,488 | 189,756 | ||||||
Intervest Offices & Warehouses NV |
1,919 | 36,486 | ||||||
KBC Group NV |
25,061 | 1,723,502 | ||||||
Proximus SADP |
36,731 | 354,927 | ||||||
Solvay SA |
5,078 | 581,215 | ||||||
VGP NV |
2,301 | 205,494 | ||||||
|
|
|||||||
Total Belgium |
|
4,384,603 | ||||||
China – 0.8% |
| |||||||
BOC Hong Kong Holdings Ltd. |
544,547 | 1,696,084 | ||||||
CITIC Telecom International Holdings Ltd. |
857,000 | 349,353 | ||||||
Wilmar International Ltd. |
299,200 | 947,412 | ||||||
Yanlord Land Group Ltd. |
306,900 | 210,055 | ||||||
|
|
|||||||
Total China |
|
3,202,904 | ||||||
Denmark – 0.7% |
| |||||||
AP Moller – Maersk A/S, Class B |
861 | 1,562,760 | ||||||
D/S Norden A/S |
5,387 | 362,352 | ||||||
Pandora A/S |
4,132 | 394,967 | ||||||
Scandinavian Tobacco Group A/S(b) |
9,302 | 184,777 | ||||||
Sydbank A/S |
3,510 | 158,081 | ||||||
Topdanmark A/S* |
5,937 | 317,608 | ||||||
|
|
|||||||
Total Denmark |
|
2,980,545 |
See Notes to Financial Statements.
40 | WisdomTree Trust |
Schedule of Investments (continued)
WisdomTree International High Dividend Fund (DTH)
March 31, 2023
Investments | Shares | Value | ||||||
Finland – 1.7% |
| |||||||
Anora Group Oyj(a) |
5,030 | $ | 30,275 | |||||
Citycon Oyj(a) |
10,406 | 71,169 | ||||||
Elisa Oyj |
14,391 | 868,686 | ||||||
Fiskars Oyj Abp(a) |
3,457 | 58,967 | ||||||
Fortum Oyj* |
71,541 | 1,097,098 | ||||||
Kemira Oyj |
17,002 | 299,613 | ||||||
Kesko Oyj, Class A(a) |
5,367 | 116,386 | ||||||
Konecranes Oyj |
4,940 | 165,520 | ||||||
Metsa Board Oyj, Class B(a) |
13,785 | 111,127 | ||||||
Nordea Bank Abp(a) |
212,966 | 2,272,284 | ||||||
Sampo Oyj, Class A |
25,058 | 1,183,711 | ||||||
Sanoma Oyj |
12,838 | 113,117 | ||||||
TietoEVRY Oyj(a) |
8,313 | 261,196 | ||||||
Tokmanni Group Corp.(a) |
4,557 | 62,927 | ||||||
Uponor Oyj(a) |
3,853 | 71,289 | ||||||
Valmet Oyj(a) |
9,169 | 297,256 | ||||||
|
|
|||||||
Total Finland |
|
7,080,621 | ||||||
France – 10.5% |
| |||||||
ALD SA(b) |
44,719 | 524,718 | ||||||
AXA SA |
168,843 | 5,166,572 | ||||||
BNP Paribas SA |
71,405 | 4,283,079 | ||||||
Bouygues SA(a) |
26,022 | 878,964 | ||||||
Chargeurs SA |
87 | 1,471 | ||||||
Cie Generale des Etablissements Michelin SCA |
30,158 | 922,175 | ||||||
Coface SA |
16,368 | 232,068 | ||||||
Derichebourg SA |
12,427 | 72,907 | ||||||
Engie SA |
242,270 | 3,836,084 | ||||||
Fnac Darty SA |
1,945 | 71,805 | ||||||
Gecina SA |
4,586 | 476,074 | ||||||
Imerys SA(a) |
4,166 | 180,141 | ||||||
Jacquet Metals SACA |
2,554 | 49,669 | ||||||
Klepierre SA(a) |
24,101 | 545,947 | ||||||
Maisons du Monde SA(b) |
3,668 | 39,472 | ||||||
Metropole Television SA(a) |
19,370 | 314,616 | ||||||
Orange SA |
308,783 | 3,674,147 | ||||||
Publicis Groupe SA |
11,241 | 876,634 | ||||||
Rexel SA* |
20,234 | 482,532 | ||||||
Rothschild & Co. |
4,723 | 238,862 | ||||||
Rubis SCA |
10,993 | 294,642 | ||||||
Sanofi |
52,768 | 5,746,738 | ||||||
Societe Generale SA |
45,699 | 1,031,969 | ||||||
Television Francaise 1(a) |
24,270 | 214,505 | ||||||
TotalEnergies SE(a) |
201,940 | 11,926,459 | ||||||
Veolia Environnement SA |
28,612 | 882,828 | ||||||
Verallia SA(b) |
5,853 | 249,908 | ||||||
Vicat SA |
3,521 | 105,772 | ||||||
|
|
|||||||
Total France |
|
43,320,758 | ||||||
Georgia – 0.0% |
| |||||||
Bank of Georgia Group PLC |
3,306 | 112,412 | ||||||
Germany – 10.6% |
| |||||||
Allianz SE, Registered Shares |
19,120 | 4,420,478 | ||||||
BASF SE |
68,178 | 3,582,121 | ||||||
Bayer AG, Registered Shares |
40,948 | 2,612,333 | ||||||
Bayerische Motoren Werke AG |
44,799 | 4,912,939 | ||||||
Dermapharm Holding SE |
3,036 | 124,616 | ||||||
Deutsche Post AG, Registered Shares |
62,414 | 2,921,919 | ||||||
Deutz AG |
16,124 | 104,670 | ||||||
DWS Group GmbH & Co. KGaA(b) |
15,603 | 480,077 | ||||||
E.ON SE |
167,626 | 2,094,348 | ||||||
Evonik Industries AG |
27,813 | 585,009 | ||||||
Fielmann AG |
3,768 | 157,118 | ||||||
Freenet AG |
14,723 | 383,099 | ||||||
Hamburger Hafen und Logistik AG |
4,974 | 61,498 | ||||||
Hapag-Lloyd AG(a)(b) |
19,062 | 6,254,392 | ||||||
HeidelbergCement AG |
10,384 | 758,807 | ||||||
Indus Holding AG |
2,168 | 58,886 | ||||||
Instone Real Estate Group SE(b) |
4,989 | 42,278 | ||||||
Kloeckner & Co. SE |
13,420 | 144,416 | ||||||
Mercedes-Benz Group AG |
96,352 | 7,409,365 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares |
4,785 | 1,676,569 | ||||||
Siltronic AG |
1,716 | 125,284 | ||||||
Sixt SE |
1,257 | 167,431 | ||||||
Stroeer SE & Co. KGaA |
2,594 | 137,136 | ||||||
Talanx AG |
11,049 | 512,579 | ||||||
Telefonica Deutschland Holding AG |
244,657 | 754,096 | ||||||
Varta AG(a) |
3,662 | 100,459 | ||||||
Volkswagen AG |
13,875 | 2,381,770 | ||||||
Wacker Chemie AG |
3,631 | 589,368 | ||||||
Wacker Neuson SE |
5,002 | 104,830 | ||||||
|
|
|||||||
Total Germany |
|
43,657,891 | ||||||
Hong Kong – 3.8% |
| |||||||
Bank of East Asia Ltd.(a) |
131,400 | 167,055 | ||||||
Champion REIT(a) |
572,000 | 245,561 | ||||||
CLP Holdings Ltd. |
145,500 | 1,050,943 | ||||||
Dah Sing Banking Group Ltd. |
151,200 | 115,760 | ||||||
Dah Sing Financial Holdings Ltd. |
18,000 | 46,204 | ||||||
Fortune Real Estate Investment Trust |
234,000 | 193,759 | ||||||
Hang Lung Group Ltd. |
175,000 | 308,983 | ||||||
Hang Lung Properties Ltd. |
273,000 | 510,531 | ||||||
Henderson Land Development Co. Ltd. |
436,220 | 1,508,720 | ||||||
Hong Kong & China Gas Co. Ltd. |
1,079,000 | 949,801 | ||||||
Hutchison Port Holdings Trust |
1,104,023 | 206,452 | ||||||
Hysan Development Co. Ltd. |
60,000 | 170,447 | ||||||
Link REIT |
254,650 | 1,638,205 | ||||||
New World Development Co. Ltd. |
264,000 | 707,928 | ||||||
PCCW Ltd. |
1,651,000 | 824,454 | ||||||
Power Assets Holdings Ltd. |
255,518 | 1,370,366 | ||||||
Sino Land Co. Ltd. |
774,336 | 1,047,580 | ||||||
Sun Hung Kai Properties Ltd. |
247,000 | 3,461,168 | ||||||
Swire Pacific Ltd., Class B |
182,500 | 225,743 | ||||||
Swire Properties Ltd. |
356,000 | 916,082 | ||||||
Tam Jai International Co. Ltd. |
175,000 | 51,943 | ||||||
|
|
|||||||
Total Hong Kong |
|
15,717,685 | ||||||
Indonesia – 0.0% |
| |||||||
Bumitama Agri Ltd.(a) |
199,100 | 84,609 |
See Notes to Financial Statements.
WisdomTree Trust | 41 |