WisdomTree Trust
Semi-Annual Report
February 28, 2023
Currency Strategy Funds:
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)
WisdomTree Chinese Yuan Strategy Fund (CYB)
WisdomTree Emerging Currency Strategy Fund (CEW)
Fixed Income Funds:
WisdomTree Emerging Markets Corporate Bond Fund (EMCB)
WisdomTree Emerging Markets Local Debt Fund (ELD)
WisdomTree Floating Rate Treasury Fund (USFR)
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD)
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD)
WisdomTree Mortgage Plus Bond Fund (MTGP)
WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY)
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY)
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG)
Alternative Funds:
WisdomTree Alternative Income Fund (HYIN)
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE)
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN)
WisdomTree Enhanced Commodity Strategy Fund (GCC)
WisdomTree Managed Futures Strategy Fund (WTMF)
WisdomTree PutWrite Strategy Fund (PUTW)
(formerly, WisdomTree CBOE S&P 500 PutWrite Strategy Fund)
WisdomTree Target Range Fund (GTR)
Information about Performance and Shareholder Expense Examples (unaudited) |
1 | |||
2 | ||||
21 | ||||
Schedules of Investments (unaudited) |
| |||
27 | ||||
30 | ||||
32 | ||||
34 | ||||
39 | ||||
43 | ||||
44 | ||||
53 | ||||
81 | ||||
84 | ||||
105 | ||||
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund |
139 | |||
146 | ||||
WisdomTree Efficient Gold Plus Equity Strategy Fund (consolidated) |
147 | |||
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (consolidated) |
154 | |||
156 | ||||
158 | ||||
160 | ||||
161 | ||||
162 | ||||
166 | ||||
170 | ||||
177 | ||||
188 | ||||
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) |
206 | |||
210 |
“WisdomTree” is a registered mark of WisdomTree, Inc. (formerly, WisdomTree Investments, Inc.) and is licensed for use by the WisdomTree Trust.
Information about Performance and Shareholder Expense Examples (unaudited)
Performance
The performance tables on the following pages are provided for comparative purposes and represent the period noted. Each Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the midpoint of the bid and ask price for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other exchange traded funds (“ETFs”), NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For the most recent month-end performance information visit www.wisdomtree.com/investments.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results.
Shareholder Expense Examples
Each Fund’s performance table is accompanied by a shareholder expense example. As a shareholder of a WisdomTree Fund, you incur two types of cost: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from September 1, 2022 to February 28, 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 181/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.
Actual expenses
The first line in the shareholder expense example table shown on the following pages provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period” to estimate the expenses you paid on your account during the period.
Hypothetical example for comparison purposes
The second line in the shareholder expense example table shown on the following pages provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
WisdomTree Trust | 1 |
as of February 28, 2023 (unaudited)
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
92.8% | |||
Exchange-Traded Funds |
4.3% | |||
Other Assets less Liabilities‡ |
2.9% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Bill, |
23.7 | % | ||
U.S.
Treasury Bill, |
23.5 | % | ||
U.S.
Treasury Bill, |
23.3 | % | ||
U.S.
Treasury Bill, |
22.3 | % | ||
WisdomTree Floating Rate Treasury Fund (USFR)^ |
4.3 | % |
* |
The largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
^ |
For a full list of holdings information for the underlying WisdomTree fund, please see page 43 of this report. |
The WisdomTree Bloomberg U.S. Dollar Bullish Fund (the “Fund”) seeks to provide total returns, before fees and expenses, that exceed the performance of the Bloomberg Dollar Total Return Index (the “Index”). The Fund seeks to achieve its investment objective by investing in short-term securities and instruments designed to potentially benefit as the U.S. dollar appreciates in value relative to a basket of global currencies. Although the Fund invests in short-term, investment grade instruments, the Fund is not a “money market” fund and it is not the objective of the Fund to maintain a constant share price.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 988.80 | 0.50 | %1 | $ | 2.47 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.32 | 0.50 | %1 | $ | 2.51 |
1 |
WisdomTree Asset Management, Inc. voluntarily waives a portion of its advisory fee, that it would otherwise charge, in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investment in the underlying WisdomTree fund. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
-1.12 | % | 8.68 | % | 1.50 | % | 3.27 | % | 2.75 | % | ||||||||||
Fund Market Price Returns |
-0.98 | % | 8.68 | % | 1.35 | % | 3.32 | % | 2.76 | % | ||||||||||
Bloomberg Dollar Total Return Index |
-1.52 | % | 8.51 | % | 1.78 | % | 3.17 | % | 2.89 | % | ||||||||||
Bloomberg Dollar Spot Index |
-3.16 | % | 6.28 | % | 1.23 | % | 2.02 | % | 2.27 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 18, 2013. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
2 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Chinese Yuan Strategy Fund (CYB)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
66.4% | |||
Exchange-Traded Funds |
4.5% | |||
Repurchase Agreement |
29.3% | |||
Other Assets less Liabilities‡ |
-0.2% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Bill, |
35.1 | % | ||
U.S.
Treasury Bill, |
31.3 | % | ||
Citigroup,
Inc., tri-party
repurchase agreement, |
29.3 | % | ||
WisdomTree Floating Rate Treasury Fund (USFR)^ |
4.5 | % |
* |
The largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
†† |
Fully collateralized by U.S. Government agency securities. |
^ |
For a full list of holdings information for the underlying WisdomTree fund, please see page 43 of this report. |
The WisdomTree Chinese Yuan Strategy Fund (the “Fund”) seeks to achieve total returns reflective of both money market rates in China available to foreign investors and changes in value of the Chinese yuan relative to the U.S. dollar. The Fund seeks to achieve its investment objective by investing in short-term securities and instruments designed to provide exposure to Chinese currency and money market rates. The Chinese yuan is a developing market currency, which can experience periods of significant volatility. Although the Fund invests in short-term, investment grade instruments, the Fund is not a “money market” fund and it is not the objective of the Fund to maintain a constant share price.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,004.80 | 0.45 | %1 | $ | 2.24 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.56 | 0.45 | %1 | $ | 2.26 |
1 |
WisdomTree Asset Management, Inc. voluntarily waives a portion of its advisory fee, that it would otherwise charge, in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investment in the underlying WisdomTree fund. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
0.48 | % | -6.79 | % | 2.45 | % | 0.60 | % | 1.28 | % | ||||||||||
Fund Market Price Returns |
0.72 | % | -6.83 | % | 2.57 | % | 0.58 | % | 1.29 | % | ||||||||||
JP Morgan Emerging Local Markets Index Plus (ELMI+) China |
1.44 | % | -5.69 | % | 3.40 | % | 1.58 | % | 2.28 | % | ||||||||||
Chinese yuan |
-0.97 | % | -8.98 | % | 0.32 | % | -1.81 | % | -1.08 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 3 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Emerging Currency Strategy Fund (CEW)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
63.5% | |||
Exchange-Traded Funds |
4.0% | |||
Repurchase Agreement |
32.0% | |||
Other Assets less Liabilities‡ |
0.5% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Bill, |
34.7% | |||
Citigroup,
Inc., tri-party repurchase
agreement, |
32.0% | |||
U.S.
Treasury Bill, |
28.8% | |||
WisdomTree
Floating Rate |
4.0% |
* |
The largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
†† |
Fully collateralized by U.S. Government agency securities. |
^ |
For a full list of holdings information for the underlying WisdomTree fund, please see page 43 of this report. |
The WisdomTree Emerging Currency Strategy Fund (the “Fund”) seeks to achieve total returns reflective of both money market rates in selected emerging market countries available to foreign investors and changes to the value of these currencies relative to the U.S. dollar. The Fund seeks to achieve its investment objective by investing in short-term securities and instruments designed to provide exposure to the currencies and money market rates of selected emerging market countries. Emerging market currencies can experience periods of significant volatility. Although the Fund invests in short-term, investment grade instruments, the Fund is not a “money market” fund and it is not the objective of the Fund to maintain a constant share price.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,042.20 | 0.55 | %1 | $ | 2.78 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.07 | 0.55 | %1 | $ | 2.76 |
1 |
WisdomTree Asset Management, Inc. voluntarily waives a portion of its advisory fee, that it would otherwise charge, in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investment in the underlying WisdomTree fund. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
4.22 | % | 0.44 | % | -0.82 | % | -1.98 | % | -1.63 | % | ||||||||||
Fund Market Price Returns |
4.42 | % | 0.86 | % | -0.90 | % | -1.97 | % | -1.62 | % | ||||||||||
JP Morgan Emerging Local Markets Index Plus (ELMI+) |
5.11 | % | -4.49 | % | -1.40 | % | -1.56 | % | -0.91 | % | ||||||||||
Equal-Weighted Emerging Currency Composite |
4.62 | % | -5.36 | % | -2.14 | % | -2.32 | % | -1.42 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
4 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Emerging Markets Corporate Bond Fund (EMCB)
Country Breakdown†
Country | % of Net Assets | |||
South Korea |
8.0% | |||
United Arab Emirates |
6.6% | |||
India |
6.0% | |||
Mexico |
5.8% | |||
Israel |
5.1% | |||
Colombia |
5.1% | |||
United Kingdom |
4.7% | |||
Chile |
4.6% | |||
China |
4.4% | |||
Saudi Arabia |
3.5% | |||
Brazil |
3.4% | |||
Thailand |
2.8% | |||
Indonesia |
2.5% | |||
South Africa |
2.4% | |||
Kuwait |
2.2% | |||
Turkey |
2.2% | |||
Qatar |
2.1% | |||
Malaysia |
2.1% | |||
Guatemala |
1.9% | |||
Peru |
1.8% | |||
Hong Kong |
1.7% | |||
Mongolia |
1.7% | |||
Luxembourg |
1.6% | |||
Panama |
1.3% | |||
Oman |
1.1% | |||
Argentina |
1.1% | |||
Ireland |
1.0% | |||
Others^ |
6.7% | |||
Other Assets less Liabilities‡ |
6.6% | |||
Total |
100.0% |
† |
The Fund’s country breakdown may change over time. It does not include derivatives (if any). |
^ |
Includes countries that represent less than 1% of net assets. |
‡ |
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 | |||
HSBC
Holdings PLC, |
1.4% | |||
Saudi
Arabian Oil Co., |
1.3% | |||
AES
Panama Generation Holdings SRL, |
1.3% | |||
Sands
China Ltd., |
1.3% | |||
Ecopetrol
SA, |
1.2% | |||
JSW
Steel Ltd., |
1.1% | |||
Nexa
Resources SA, |
1.1% | |||
Mizrahi
Tefahot Bank Ltd., |
1.1% | |||
Turkiye
Sise ve Cam Fabrikalari AS, |
1.1% | |||
Banco
do Brasil SA, |
1.1% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Emerging Markets Corporate Bond Fund (the “Fund”) seeks a high level of total return consisting of both income and capital appreciation. The Fund attempts to achieve its objective through investments in U.S. dollar denominated debt securities issued by corporate entities that are domiciled in, or economically tied to, emerging market countries.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,021.80 | 0.60 | % | $ | 3.01 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.82 | 0.60 | % | $ | 3.01 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
2.18 | % | -3.35 | % | -2.06 | % | 1.03 | % | 1.81 | % | ||||||||||
Fund Market Price Returns |
2.34 | % | -5.16 | % | -1.80 | % | 1.01 | % | 1.76 | % | ||||||||||
JP Morgan CEMBI Diversified Index |
1.78 | % | -5.68 | % | -2.15 | % | 1.38 | % | 2.70 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 5 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Emerging Markets Local Debt Fund (ELD)
Country Breakdown†
Country | % of Net Assets | |||
Indonesia |
11.1% | |||
South Africa |
8.5% | |||
Brazil |
8.4% | |||
Supranational Bonds |
8.3% | |||
Malaysia |
7.4% | |||
Colombia |
7.1% | |||
United States |
7.1% | |||
Mexico |
4.8% | |||
Chile |
4.7% | |||
China |
4.3% | |||
Poland |
4.2% | |||
Thailand |
3.9% | |||
Peru |
3.9% | |||
India |
3.7% | |||
Hungary |
2.2% | |||
Czech Republic |
2.2% | |||
Romania |
2.1% | |||
Turkey |
1.4% | |||
Philippines |
1.1% | |||
Egypt |
0.0% | ^ | ||
Other Assets less Liabilities‡ |
3.6% | |||
Total |
100.0% |
† |
The Fund’s country breakdown may change over time. It does not include derivatives (if any). |
^ |
Represents less than 0.05%. |
‡ |
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 | |||
Citigroup,
Inc., tri-party repurchase
agreement, |
7.1% | |||
Brazil
Letras do Tesouro Nacional, |
2.0% | |||
European
Investment Bank, |
1.8% | |||
International
Finance Corp., |
1.5% | |||
Colombian
TES, |
1.3% | |||
Republic
of South Africa Government Bond, |
1.3% | |||
Brazil
Letras do Tesouro Nacional, |
1.3% | |||
Brazil
Letras do Tesouro Nacional, |
1.2% | |||
Republic
of South Africa Government Bond, |
1.1% | |||
China
Government Bond, |
1.1% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
†† |
Fully collateralized by U.S. Government agency securities. |
The WisdomTree Emerging Markets Local Debt Fund (the “Fund”) seeks a high level of total return consisting of both income and capital appreciation. The Fund attempts to achieve its objective through investments in fixed income instruments denominated in the local currencies of emerging market countries.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,035.80 | 0.55 | % | $ | 2.78 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.07 | 0.55 | % | $ | 2.76 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
3.58 | % | -5.30 | % | -3.95 | % | -2.99 | % | -2.28 | % | ||||||||||
Fund Market Price Returns |
2.62 | % | -2.76 | % | -4.00 | % | -2.97 | % | -2.29 | % | ||||||||||
JP Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversified Index |
4.20 | % | -6.11 | % | -4.29 | % | -2.96 | % | -1.97 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
6 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Floating Rate Treasury Fund (USFR)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
99.6% | |||
Other Assets less Liabilities‡ |
0.4% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Floating Rate Note, |
27.1% | |||
U.S.
Treasury Floating Rate Note, |
27.1% | |||
U.S.
Treasury Floating Rate Note, |
27.1% | |||
U.S.
Treasury Floating Rate Note, |
18.3% |
* |
The holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Floating Rate Treasury Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Bloomberg U.S. Treasury Floating Rate Bond Index (the “Index”). In seeking to track the Index, the Fund invests in floating rate public obligations of the U.S. Treasury. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,020.20 | 0.15 | % | $ | 0.75 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.05 | 0.15 | % | $ | 0.75 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
2.02 | % | 2.59 | % | 0.95 | % | 1.37 | % | 0.95 | % | ||||||||||
Fund Market Price Returns |
2.00 | % | 2.57 | % | 0.95 | % | 1.38 | % | 0.94 | % | ||||||||||
Bloomberg U.S. Treasury Floating Rate Bond Index |
2.15 | % | 2.78 | % | 1.14 | % | 1.55 | % | 1.12 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 4, 2014. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 7 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD)
Investment Breakdown†
Investment Type | % of Net Assets | |||
Corporate Bonds |
95.2% | |||
Other Assets less Liabilities‡ |
4.8% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
DISH
DBS Corp., |
0.9% | |||
Tenet
Healthcare Corp., |
0.9% | |||
Sirius
XM Radio, Inc., |
0.9% | |||
Frontier
Communications Holdings LLC, |
0.8% | |||
Transocean,
Inc., |
0.8% | |||
Centene
Corp., |
0.7% | |||
DISH
DBS Corp., |
0.7% | |||
CommScope,
Inc., |
0.7% | |||
Gray
Television, Inc., |
0.7% | |||
Deutsche
Bank AG, |
0.7% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Interest Rate Hedged High Yield Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index (the “Index”). In seeking to track the Index, the Fund invests mainly in U.S. non-investment-grade corporate fixed income securities that are deemed to have favorable fundamental and income characteristics and obtains short exposure to U.S. Treasuries such that the Fund’s total portfolio duration approximates zero years. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,052.10 | 0.43 | % | $ | 2.19 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.66 | 0.43 | % | $ | 2.16 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
5.21 | % | 2.64 | % | 2.55 | % | 2.35 | % | 2.96 | % | ||||||||||
Fund Market Price Returns |
5.63 | % | 2.48 | % | 2.55 | % | 2.33 | % | 2.93 | % | ||||||||||
ICE BofA Merrill Lynch 0-5 Year U.S. High Yield Constrained, Zero Duration Index/WisdomTree U.S. High Yield Corporate Bond, Zero Duration Spliced Index2 |
5.50 | % | 3.39 | % | 3.94 | % | 3.26 | % | 3.71 | % | ||||||||||
ICE BofA Merrill Lynch U.S. High Yield Index |
2.36 | % | -5.52 | % | 1.14 | % | 2.70 | % | 3.81 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NASDAQ on December 18, 2013. |
2 |
ICE BofA Merrill Lynch 0-5 Year U.S. High Yield Constrained, Zero Duration Index through May 31, 2020; WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index thereafter. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
8 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
40.6% | |||
U.S. Government Agencies |
28.0% | |||
Corporate Bonds |
24.8% | |||
Commercial Mortgage-Backed Securities |
2.0% | |||
Supranational Bonds |
1.4% | |||
Municipal Bonds |
0.9% | |||
Foreign Government Obligations |
0.8% | |||
Foreign Government Agencies |
0.7% | |||
Asset-Backed Securities |
0.5% | |||
U.S. Government Agencies Sold Short |
-0.3% | |||
Repurchase Agreement |
1.2% | |||
Other Assets less Liabilities‡ |
-0.6% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Citigroup,
Inc., tri-party repurchase
agreement, |
1.2% | |||
U.S.
Treasury Note, |
0.6% | |||
U.S.
Treasury Note, |
0.6% | |||
U.S.
Treasury Bond, |
0.6% | |||
U.S.
Treasury Note, |
0.5% | |||
U.S.
Treasury Note, |
0.4% | |||
U.S.
Treasury Note, |
0.4% | |||
U.S.
Treasury Note, |
0.4% | |||
U.S.
Treasury Bond, |
0.4% | |||
Uniform
Mortgage-Backed Security, |
0.4% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
†† |
Fully collateralized by U.S. Government agency securities. |
The WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration (the “Index”). In seeking to track the Index, the Fund invests mainly in U.S. investment grade fixed income securities and obtains short exposure to U.S. Treasuries such that the Fund’s total portfolio duration approximates zero years. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,034.00 | 0.23 | % | $ | 1.16 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.65 | 0.23 | % | $ | 1.15 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
3.40 | % | 3.43 | % | 1.40 | % | 1.76 | % | 1.40 | % | ||||||||||
Fund Market Price Returns |
3.14 | % | 3.33 | % | 1.30 | % | 1.71 | % | 1.40 | % | ||||||||||
Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration |
3.19 | % | 3.40 | % | 1.52 | % | 1.70 | % | 1.61 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NASDAQ on December 18, 2013. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 9 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Mortgage Plus Bond Fund (MTGP)
Investment Breakdown†
Investment Type | % of Net Assets | |||
Collateralized Mortgage Obligations |
57.8% | |||
U.S. Government Agencies |
32.8% | |||
Commercial Mortgage-Backed Securities |
4.2% | |||
Collateralized Loan Obligations |
3.3% | |||
Other Assets less Liabilities‡ |
1.9% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Federal
Home Loan Mortgage Corp., |
3.5% | |||
Government
National Mortgage Association, |
2.9% | |||
Seasoned
Credit Risk Transfer Trust, |
2.7% | |||
Federal
National Mortgage Association REMIC, |
2.1% | |||
Federal
National Mortgage Association REMIC, |
2.1% | |||
Federal
National Mortgage Association, |
1.9% | |||
Federal
Home Loan Mortgage Corp. REMIC, |
1.9% | |||
Federal
Home Loan Mortgage Corp., |
1.9% | |||
Federal
Home Loan Mortgage Corp. REMIC, |
1.8% | |||
Federal
Home Loan Mortgage Corp., |
1.8% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Mortgage Plus Bond Fund (the “Fund”) seeks income and capital appreciation. The Fund attempts to achieve its objective through investments in mortgage-related debt and other securitized debt.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 970.60 | 0.45 | % | $ | 2.20 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.56 | 0.45 | % | $ | 2.26 |
Performance
Average Annual Total Return | ||||||||||||||||
6-Month* | 1 Year | 3 Year | Since Inception1 | |||||||||||||
Fund NAV Returns |
-2.94 | % | -9.49 | % | -3.29 | % | -2.22 | % | ||||||||
Fund Market Price Returns |
-3.10 | % | -9.47 | % | -3.31 | % | -2.26 | % | ||||||||
Bloomberg U.S. Securitized Mortgage Backed Securities/Asset Backed Securities/Commercial Mortgage Backed Securities (MBS/ABS/CMBS) Index |
-2.37 | % | -8.94 | % | -3.50 | % | -2.53 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on November 14, 2019. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
10 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
33.8% | |||
Corporate Bonds |
33.8% | |||
U.S. Government Agencies |
21.9% | |||
Foreign Government Obligations |
3.5% | |||
Commercial Mortgage-Backed Securities |
3.1% | |||
Foreign Government Agencies |
1.1% | |||
Municipal Bonds |
0.9% | |||
Asset-Backed Securities |
0.5% | |||
Supranational Bonds |
0.2% | |||
Other Assets less Liabilities‡ |
1.2% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Note, |
5.9% | |||
U.S.
Treasury Note, |
4.9% | |||
U.S.
Treasury Note, |
3.4% | |||
U.S.
Treasury Note, |
2.8% | |||
U.S.
Treasury Note, |
2.7% | |||
U.S.
Treasury Note, |
1.9% | |||
U.S.
Treasury Note, |
1.8% | |||
U.S.
Treasury Bond, |
1.4% | |||
U.S.
Treasury Note, |
1.4% | |||
U.S.
Treasury Note, |
1.3% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Voya Yield Enhanced USD Universal Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Bloomberg U.S. Universal Enhanced Yield Index (the “Index”).
The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com/investments.
Shareholder Expense Example (for the period1 ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual1 |
$ | 1,000.00 | $ | 980.10 | 0.15 | % | $ | 0.09 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.05 | 0.15 | % | $ | 0.75 |
1 |
Fund commenced operations on February 7, 2023. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 22/365 (to reflect the period since commencement of operations). |
WisdomTree Trust | 11 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY)
Investment Breakdown†
Investment Type | % of Net Assets | |||
Corporate Bonds |
39.5% | |||
U.S. Government Agencies |
26.6% | |||
U.S. Government Obligations |
21.3% | |||
Commercial Mortgage-Backed Securities |
6.5% | |||
Asset-Backed Securities |
3.9% | |||
Foreign Government Obligations |
2.0% | |||
Foreign Government Agencies |
0.2% | |||
Municipal Bonds |
0.2% | |||
Supranational Bonds |
0.0% | ^ | ||
U.S. Government Agencies Sold Short |
-0.9% | |||
Repurchase Agreement |
1.5% | |||
Other Assets less Liabilities‡ |
-0.8% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
^ |
Represents less than 0.1%. |
‡ |
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 | |||
Citigroup,
Inc., tri-party repurchase
agreement, |
1.5% | |||
Tennessee
Valley Authority, |
0.9% | |||
Federal
Home Loan Bank, |
0.8% | |||
Tennessee
Valley Authority, |
0.6% | |||
Tennessee
Valley Authority, |
0.4% | |||
Federal
National Mortgage Association, |
0.4% | |||
Tennessee
Valley Authority, |
0.4% | |||
Tennessee
Valley Authority, |
0.3% | |||
Government
National Mortgage Association, |
0.3% | |||
Tennessee
Valley Authority, |
0.3% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
†† |
Fully collateralized by U.S. Government agency securities. |
The WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Bloomberg U.S. Aggregate Enhanced Yield Index (the “Index”). In seeking to track the Index, the Fund invests mainly in U.S. investment grade fixed income securities. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 979.20 | 0.12 | % | $ | 0.59 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.20 | 0.12 | % | $ | 0.60 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
-2.08 | % | -10.97 | % | -4.93 | % | 0.07 | % | 0.89 | % | ||||||||||
Fund Market Price Returns |
-2.01 | % | -10.83 | % | -4.92 | % | 0.07 | % | 0.89 | % | ||||||||||
Bloomberg U.S. Aggregate Enhanced Yield Index |
-2.03 | % | -10.86 | % | -4.84 | % | 0.23 | % | 1.07 | % | ||||||||||
Bloomberg U.S. Aggregate Bond Index |
-2.13 | % | -9.72 | % | -3.77 | % | 0.53 | % | 0.93 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 9, 2015. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
12 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG)
Investment Breakdown†
Investment Type | % of Net Assets | |||
Corporate Bonds |
42.5% | |||
U.S. Government Obligations |
41.0% | |||
U.S. Government Agencies |
16.0% | |||
Commercial Mortgage-Backed Securities |
5.7% | |||
Foreign Government Agencies |
0.5% | |||
Foreign Government Obligations |
0.5% | |||
Asset-Backed Securities |
0.1% | |||
Other Assets less Liabilities‡ |
-6.3% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Note, |
15.5% | |||
U.S.
Treasury Bill, |
8.0% | |||
U.S.
Treasury Note, |
6.4% | |||
Uniform
Mortgage-Backed Security, |
5.3% | |||
U.S.
Treasury Note, |
4.1% | |||
Federal
National Mortgage Association, |
3.0% | |||
Benchmark
Mortgage Trust, |
2.6% | |||
U.S.
Treasury Note, |
1.9% | |||
Federal
Home Loan Mortgage Corp., |
1.9% | |||
Federal
Home Loan Mortgage Corp., |
1.9% |
* |
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 Yield Enhanced U.S. Short-Term Aggregate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Bloomberg U.S. Short Aggregate Enhanced Yield Index (the “Index”). In seeking to track the Index, the Fund invests mainly in short-term U.S. investment grade fixed income securities having effective maturities generally shorter than five years. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 991.70 | 0.12 | % | $ | 0.59 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.20 | 0.12 | % | $ | 0.60 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
-0.83 | % | -4.66 | % | -1.62 | % | 0.94 | % | 0.72 | % | ||||||||||
Fund Market Price Returns |
-0.81 | % | -4.68 | % | -1.66 | % | 0.89 | % | 0.71 | % | ||||||||||
Bloomberg U.S. Short Aggregate Enhanced Yield Index |
-0.56 | % | -4.70 | % | -2.00 | % | 0.83 | % | 0.66 | % | ||||||||||
Bloomberg U.S. Short Aggregate Composite Index |
-0.70 | % | -4.21 | % | -1.40 | % | 0.96 | % | 0.72 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on May 18, 2017. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 13 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Alternative Income Fund (HYIN)
Investment Breakdown†
Investment Type | % of Net Assets | |||
Common Stocks |
71.4% | |||
Closed-End Mutual Funds |
28.2% | |||
Other Assets less Liabilities‡ |
0.4% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Angel Oak Mortgage, Inc. |
4.3% | |||
Hercules Capital, Inc. |
3.2% | |||
Main Street Capital Corp. |
3.1% | |||
Owl Rock Capital Corp. |
3.1% | |||
Blackstone Secured Lending Fund |
3.1% | |||
FS KKR Capital Corp. |
3.0% | |||
Oxford Lane Capital Corp. |
3.0% | |||
Arbor Realty Trust, Inc. |
3.0% | |||
Ladder Capital Corp. |
2.9% | |||
Redwood Trust, Inc. |
2.9% |
* |
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 Alternative Income Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index (the “Index”), which is designed to provide diversified exposure to alternative credit sectors. Alternative credit is an asset class that includes debt and debt-based investments that have a higher expected risk, return, and yield than traditional investment grade fixed income instruments. In seeking to track the Index, the Fund invests mainly in registered closed-end investment companies (“CEFs”), including CEFs that have elected to be regulated as “business development companies” under the Investment Company Act of 1940, as amended, and real estate investment trusts that are listed and publicly traded on a major U.S. stock exchange. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 996.90 | 0.50 | % | $ | 2.48 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.32 | 0.50 | % | $ | 2.51 |
Performance
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns |
-0.31 | % | -8.46 | % | -6.15 | % | ||||||
Fund Market Price Returns |
-0.13 | % | -8.04 | % | -6.04 | % | ||||||
Gapstow Liquid Alternative Credit Index |
-0.01 | % | -7.95 | % | -5.62 | % | ||||||
ICE BofA Merrill Lynch U.S. High Yield Index |
2.36 | % | -5.52 | % | -3.39 | % | ||||||
S&P 500® Index |
1.26 | % | -7.69 | % | -1.09 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on May 6, 2021. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
14 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) (consolidated)
Country Breakdown†
Country | % of Net Assets | |||
United States |
89.0% | |||
Others^ |
0.9% | |||
Other Assets less Liabilities‡ |
10.1% | |||
Total |
100.0% |
† |
The Fund’s country breakdown may change over time. It does not include derivatives (if any). |
^ |
Includes countries that represent less than 1% of net assets. |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Apple, Inc. |
6.0% | |||
Microsoft Corp. |
5.0% | |||
Amazon.com, Inc. |
2.3% | |||
Tesla, Inc. |
1.5% | |||
NVIDIA Corp. |
1.5% | |||
Berkshire Hathaway, Inc., Class B |
1.4% | |||
Alphabet, Inc., Class C |
1.4% | |||
Alphabet, Inc., Class A |
1.4% | |||
Exxon Mobil Corp. |
1.3% | |||
UnitedHealth Group, Inc. |
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 Efficient Gold Plus Equity Strategy Fund (the “Fund”) is actively managed using a models-based approach seeking total return. The Fund seeks to achieve its investment objective by investing, either directly or through a wholly-owned subsidiary, in a portfolio comprised of (i) U.S.-listed gold futures contracts and (ii) U.S. equity securities. The Fund uses U.S.-listed gold futures contracts to enhance the capital efficiency of the Fund.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,044.20 | 0.20 | % | $ | 1.01 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.80 | 0.20 | % | $ | 1.00 |
Performance
Cumulative Total Return | ||||||||
6-Month | Since Inception1 | |||||||
Fund NAV Returns |
4.42 | % | -13.82 | % | ||||
Fund Market Price Returns |
4.45 | % | -13.63 | % | ||||
S&P 500® Index |
1.26 | % | -7.43 | % |
1 |
Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on March 17, 2022. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 15 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) (consolidated)
Country Breakdown†
Country | % of Net Assets | |||
Canada |
40.9% | |||
United States |
14.2% | |||
Australia |
14.2% | |||
South Africa |
7.9% | |||
Brazil |
4.0% | |||
United Kingdom |
3.8% | |||
China |
2.6% | |||
Peru |
1.0% | |||
Others^ |
1.2% | |||
Other Assets less Liabilities‡ |
10.2% | |||
Total |
100.0% |
† |
The Fund’s country breakdown may change over time. It does not include derivatives (if any). |
^ |
Includes countries that represent less than 1% of net assets. |
‡ |
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 | |||
Newmont Corp. |
10.3% | |||
Barrick Gold Corp. |
9.3% | |||
Franco-Nevada Corp. |
7.5% | |||
Agnico Eagle Mines Ltd. |
5.1% | |||
Northern Star Resources Ltd. |
4.4% | |||
Wheaton Precious Metals Corp. |
4.0% | |||
AngloGold Ashanti Ltd., ADR |
3.7% | |||
Newcrest Mining Ltd. |
3.6% | |||
Royal Gold, Inc. |
3.4% | |||
Gold Fields Ltd., ADR |
3.3% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (the “Fund”) is actively managed using a models-based approach seeking total return. The Fund seeks to achieve its investment objective by investing, either directly or through a wholly-owned subsidiary, in a portfolio comprised of (i) U.S.-listed gold futures contracts and (ii) global equity securities issued by companies that derive at least 50% of their revenue from the gold mining business (“Gold Miners”). The Fund uses U.S.-listed gold futures contracts to enhance the capital efficiency of the Fund.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,174.80 | 0.45 | % | $ | 2.43 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.56 | 0.45 | % | $ | 2.26 |
Performance
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns |
17.48 | % | -24.63 | % | -7.81 | % | ||||||
Fund Market Price Returns |
18.29 | % | -24.90 | % | -7.57 | % | ||||||
NYSE ARCA Gold Miners Index |
16.82 | % | -18.53 | % | -3.01 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 16, 2021. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
16 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Enhanced Commodity Strategy Fund (GCC) (consolidated)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
80.4% | |||
Exchange-Traded Funds |
4.6% | |||
Other Assets less Liabilities‡ |
15.0% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Bill, |
70.3% | |||
U.S.
Treasury Bill, |
10.1% | |||
WisdomTree Floating Rate Treasury Fund (USFR)^ |
4.6% |
* |
The largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
^ |
For a full list of holdings information for the underlying WisdomTree fund, please see page 43 of this report. |
The WisdomTree Enhanced Commodity Strategy Fund (the “Fund”) seeks to achieve positive total returns in rising and falling markets that are not directly correlated to broad market equity or fixed income returns. The Fund is actively managed and intends to provide broad-based exposure to the following four commodity sectors: Energy, Agriculture, Industrial Metals, and Precious Metals primarily through investments in futures contracts.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 956.00 | 0.55 | %1 | $ | 2.67 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.07 | 0.55 | %1 | $ | 2.76 |
1 |
WisdomTree Asset Management, Inc. voluntarily waives a portion of its advisory fee, that it would otherwise charge, in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investment in the underlying WisdomTree fund. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. |
Performance
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns |
-4.40 | % | -7.10 | % | 11.64 | % | ||||||
Fund Market Price Returns |
-4.23 | % | -7.62 | % | 11.46 | % | ||||||
S&P GSCI Index |
-8.36 | % | -0.30 | % | 27.49 | % | ||||||
Bloomberg Commodity Index Total Return |
-10.92 | % | -4.72 | % | 17.03 | % |
* |
Returns of less than one year are cumulative. |
1 |
For the period December 19, 2020 (post-reorganization) through February 28, 2023. |
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 | 17 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Managed Futures Strategy Fund (WTMF) (consolidated)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
90.8% | |||
Exchange-Traded Funds |
4.4% | |||
Other Assets less Liabilities‡ |
4.8% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Bill, |
80.5% | |||
U.S.
Treasury Bill, |
10.3% | |||
WisdomTree Floating Rate Treasury Fund (USFR)^ |
4.4% |
* |
The largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
^ |
For a full list of holdings information for the underlying WisdomTree fund, please see page 43 of this report. |
The WisdomTree Managed Futures Strategy Fund (the “Fund”) seeks to provide investors with positive total returns in rising or falling markets that are not directly correlated to broad market equity or fixed income returns. The Fund is managed using a quantitative, rules-based strategy and invests in a combination of diversified futures contracts for equities, commodities, currencies and interest rates.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 981.70 | 0.65 | %1 | $ | 3.19 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.57 | 0.65 | %1 | $ | 3.26 |
1 |
WisdomTree Asset Management, Inc. voluntarily waives a portion of its advisory fee, that it would otherwise charge, in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investment in the underlying WisdomTree fund. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
-1.83 | % | -3.47 | % | 3.21 | % | 0.87 | % | 0.11 | % | ||||||||||
Fund Market Price Returns |
-1.85 | % | -2.97 | % | 3.12 | % | 0.84 | % | 0.07 | % | ||||||||||
ICE BofA U.S. 3-Month Treasury Bill Index |
1.74 | % | 2.10 | % | 0.84 | % | 1.35 | % | 0.83 | % | ||||||||||
60% S&P 500 Index / 40% Bloomberg U.S. Aggregate Index Composite |
-0.11 | % | -8.34 | % | 6.25 | % | 6.65 | % | 8.05 | % | ||||||||||
S&P GSCI Index |
-8.36 | % | -0.30 | % | 16.63 | % | 5.62 | % | -3.66 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
18 | WisdomTree Trust |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree PutWrite Strategy Fund (PUTW)
(formerly, WisdomTree CBOE S&P 500 PutWrite Strategy Fund)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
95.8% | |||
Exchange-Traded Funds |
4.4% | |||
Other Assets less Liabilities‡ |
-0.2% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Bill, |
57.2% | |||
U.S.
Treasury Bill, |
38.6% | |||
WisdomTree Floating Rate Treasury Fund (USFR)^ |
4.4% |
* |
The holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular security. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
^ |
For a full list of holdings information for the underlying WisdomTree fund, please see page 43 of this report. |
The WisdomTree PutWrite Strategy Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the Volos U.S. Large Cap Target 2.5% PutWrite Index (the “Index”). Prior to October 25, 2022, the Fund sought to track the price and yield performance, before fees and expenses, of the CBOE S&P 500 PutWrite Index (the “Former Index”), utilizing a strategy of writing put options on the S&P 500 Index. In seeking to track the Former Index, the strategy was designed to receive a premium from the option buyer by selling (i.e., writing) a sequence of one-month, at-the-money, S&P 500 Index put options. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,014.80 | 0.44 | %1 | $ | 2.20 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.61 | 0.44 | %1 | $ | 2.21 |
1 |
WisdomTree Asset Management, Inc. voluntarily waives a portion of its advisory fee, that it would otherwise charge, in an amount equal to the acquired fund fees and expenses (“AFFEs”) attributable to the Fund’s investment in the underlying WisdomTree fund. The “Annualized Net Expense Ratio” does not include the impact of AFFEs. |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 | ||||||||||||||||
Fund NAV Returns |
1.48 | % | -5.06 | % | 7.62 | % | 4.10 | % | 5.73 | % | ||||||||||
Fund Market Price Returns |
1.46 | % | -4.64 | % | 7.95 | % | 4.09 | % | 5.72 | % | ||||||||||
CBOE S&P 500® PutWrite/Volos U.S. Large Cap Target 2.5% PutWrite Spliced Index2 |
2.73 | % | -3.57 | % | 8.60 | % | 4.88 | % | 6.45 | % | ||||||||||
S&P 500® Index |
1.26 | % | -7.69 | % | 12.15 | % | 9.82 | % | 12.89 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 24, 2016. |
2 |
CBOE S&P 500® PutWrite Index through October 24, 2022; Volos U.S. Large Cap Target 2.5% PutWrite Index thereafter. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 19 |
Performance Summary
as of February 28, 2023 (unaudited)
WisdomTree Target Range Fund (GTR)
Investment Breakdown†
Investment Type | % of Net Assets | |||
U.S. Government Obligations |
74.2% | |||
Purchased Options (Exchange-Traded) |
18.5% | |||
Other Assets less Liabilities‡ |
7.3% | |||
Total |
100.0% |
† |
The Fund’s investment breakdown may change over time. |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Holdings*
Description | % of Net Assets | |||
U.S.
Treasury Bill, |
74.2 | % | ||
SPDR
S&P 500 ETF Trust, Purchased Call Option @ |
9.7 | % | ||
iShares
Russell 2000 ETF, Purchased Call Option @ |
4.1 | % | ||
iShares
MSCI EAFE ETF, Purchased Call Option @ |
3.3 | % | ||
iShares
MSCI Emerging Markets ETF, Purchased Call Option @ |
1.4 | % |
* |
The largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes written options and investment of cash collateral for securities on loan (if any). |
The WisdomTree Target Range Fund (the “Fund”) is actively managed seeking capital appreciation, with a secondary objective of hedging risk. In general, the Fund is expected to provide similar exposures to the TOPS® Global Equity Target Range Index (the “Index”), a long call spread option strategy that buys call options that are 15% in-the-money and sells call options that are 15% out-the-money, but will not match the Index’s returns due to the amount and timing of assets that flow in and out of the Fund.
Shareholder Expense Example (for the six-month period ended February 28, 2023)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 970.80 | 0.70 | % | $ | 3.42 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.32 | 0.70 | % | $ | 3.51 |
Performance
Average Annual Total Return | ||||||||||||
6-Month* | 1 Year | Since Inception1 | ||||||||||
Fund NAV Returns |
-2.92 | % | -11.72 | % | -10.66 | % | ||||||
Fund Market Price Returns |
-3.05 | % | -11.41 | % | -10.57 | % | ||||||
TOPS® Global Equity Target Range Index |
-2.73 | % | -10.71 | % | -9.84 | % | ||||||
MSCI AC World Index |
3.32 | % | -8.26 | % | -6.81 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NASDAQ on October 7, 2021. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
20 | WisdomTree Trust |
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each index referenced in this report.
60% S&P 500® Index/40% Bloomberg U.S. Aggregate Index Composite:
The 60% S&P 500® Index/40% Bloomberg U.S. Aggregate Index Composite represents a 60% weight to the S&P 500® Index and a 40% weight to the Bloomberg U.S. Aggregate Index. The Bloomberg U.S. Aggregate Index measures the performance of the U.S. investment investment-grade bond market.
Bloomberg Commodity Index Total Return:
Bloomberg Commodity Index Total Return is composed of futures contracts and reflects the returns on a fully collateralized investment in the Bloomberg Commodity Index (“BCOM”). This combines the returns of the BCOM with the returns on cash collateral invested in 13-week U.S. Treasury Bills.
Bloomberg Dollar Spot Index:
The Bloomberg Dollar Spot Index tracks the performance of a basket of 10 leading global currencies versus the U.S. dollar. Each currency in the basket and its weight is determined annually based on its share of international trade and foreign exchange (FX) liquidity.
Bloomberg Dollar Total Return Index:
The Bloomberg Dollar Total Return Index is total return version of the Bloomberg Dollar Spot Index (BBDXY). It is generated by adding the daily forward implied yield of each currency, and U.S. funding rate, to BBDXY returns.
Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration:
The Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration combines long positions in the Bloomberg U.S. Aggregate Bond Index with short positions in U.S. Treasury Bonds to provide a duration exposure of 0 years. Market values of long and short positions are rebalanced at month-end.
Bloomberg U.S. Aggregate Bond Index:
The Bloomberg U.S. Aggregate Bond Index measures the performance of the U.S. investment-grade bond market.
Bloomberg U.S. Aggregate Enhanced Yield Index:
The Bloomberg U.S. Aggregate Enhanced Yield Index uses a rules-based approach to reallocate across subcomponents in the Bloomberg U.S. Aggregate Bond Index seeking to enhance yield while maintaining a similar risk profile.
Bloomberg U.S. Securitized MBS/ABS/CMBS Index:
The Bloomberg U.S. Securitized MBS/ABS/CMBS Index is a market capitalization index that is designed to measure the performance of residential mortgage backed securities issued by Government Sponsored Enterprises, commercial mortgage backed securities, and asset backed securities.
Bloomberg U.S. Short Aggregate Composite Index:
The Bloomberg U.S. Short Aggregate Composite Index measures the performance of the short-term U.S. investment-grade bond market.
Bloomberg U.S. Short Aggregate Enhanced Yield Index:
The Bloomberg U.S. Short Aggregate Enhanced Yield Index uses a rules-based approach to reallocate across subcomponents in the Bloomberg U.S. Aggregate Bond Index that
WisdomTree Trust | 21 |
Description of Terms and Indexes (unaudited) (continued)
generally have effective maturities shorter than 5 years and seeks to enhance yield while maintaining a similar risk profile.
Bloomberg U.S. Treasury Floating Rate Bond Index:
The Bloomberg U.S. Treasury Floating Rate Bond Index is a rules-based, market-value weighted index engineered to measure the performance and characteristics of floating rate coupon U.S. Treasuries which have a maturity greater than 12 months.
Bloomberg U.S. Universal Enhanced Yield Index:
The Bloomberg U.S. Universal Enhanced Yield Index is a rules-based index that seeks to provide both exposure and potential yield enhancement across the broad universe of U.S. Dollar-denominated market.
CBOE® S&P 500 PutWrite Index:
The CBOE® S&P 500 PutWrite Index tracks the value of a cash-secured (i.e., collateralized) put option sales strategy, which consists of selling (or “writing”) S&P 500® Index put options and investing the sale proceeds in one- and three-month Treasury bills.
Collateralized loan obligation (CLO):
A collateralized loan obligation is a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners.
Commercial mortgage backed securities (CMBS):
A type of mortgage backed security that is backed by commercial and multifamily mortgages rather than residential real estate.
Duration:
Duration is a measure of a bond’s sensitivity to changes in interest rates. The weighted average accounts for the various durations of the bonds purchased as well as the proportion of the total government bond portfolio that they make up.
Equal-Weighted Emerging Currency Composite:
A composite incorporating equal-weighted exposure to the currencies within the Emerging Currency Strategy Fund was constructed as an additional gauge of Emerging Currency Strategy Fund performance. The composite tracks the returns for the currencies using the total returns of the country subindices of the JP Morgan Emerging Local Markets Index Plus (ELMI+). Each subindex uses a weighted basket of one-month, two-month and three-month currency forwards (deliverable or nondeliverable) collateralized with U.S. money market rates to proxy the total returns of an investment in local-currency money market instruments. Currency exposures are rebalanced back to equal-weighting at the end of the month in which the Emerging Currency Strategy Fund intends to rebalance, and currency changes are reflected in the composite at the end of the month they are reflected in the Fund.
Gapstow Liquid Alternative Credit Index:
The Gapstow Liquid Alternative Credit Index (GLACI) is an equal-weighted index that tracks the performance of 35 Publicly Traded Alternative Credit Vehicles (“PACs”) using an objective, rules-based methodology. PACs are a subset of business development companies, real estate investment trusts, and closed-end funds, and selected because of their exposure to a range of U.S. alternative credit sectors (tradeable high yield, structured, and private credit) and borrower segments (households, corporations, and commercial real estate sponsors). GLACI is the first index constructed to provide diversified exposure to these alternative credit sectors and segments.
22 | WisdomTree Trust |
Description of Terms and Indexes (unaudited) (continued)
ICE BofA Merrill Lynch 0-5 Year U.S. High Yield Constrained, Zero Duration Index:
The ICE BofA Merrill Lynch 0-5 Year U.S. High Yield Constrained, Zero Duration Index tracks the performance of the combination of a long position in short maturity U.S. high yield bonds and a short position in on-the-run U.S. Treasuries where the net interest rate exposure of the index is adjusted to a zero year duration. Market values of long and short positions are rebalanced at month-end.
ICE BofA Merrill Lynch U.S. High Yield Index:
The ICE BofA Merrill Lynch U.S. High Yield Index tracks the performance of U.S. dollar denominated below investment grade corporate bond debt securities issued in the U.S.
ICE BofA U.S. 3-Month Treasury Bill Index:
The ICE BofA U.S. 3-Month Treasury Bill Index is an unmanaged market index of U.S. Treasury securities maturing in 90 days that assumes reinvestment of all income.
JP Morgan CEMBI Diversified Index:
The JP Morgan CEMBI Diversified Index is an alternatively weighted version of the JP Morgan CEMBI Index (a comprehensive U.S. dollar-denominated emerging market corporate bond index) which limits the weights of those index countries with larger corporate debt stocks by only including a specified portion of these countries’ eligible current face amounts of debt outstanding.
JP Morgan Emerging Local Markets Index Plus (ELMI+):
The JP Morgan Emerging Local Markets Index Plus (ELMI+) and its underlying country and regional subindices track the total returns for local-currency denominated money market instruments in emerging market countries.
JP Morgan Emerging Local Markets Index Plus (ELMI+) China:
The China subindex uses a weighted basket of one-month, two-month and three-month currency forwards collateralized with U.S. money market rates to proxy the total returns of an investment in Chinese yuan money market instruments. The returns are reported in U.S. dollar terms.
JP Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversified Index:
The JP Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversified Index tracks the performance of local currency debt issued by emerging market governments, whose debt is accessible by most of the international investor base. The index incorporates a constrained market capitalization methodology in which individual issuer exposures are capped at 10% (with the excess distributed to smaller issuers) for greater diversification among issuing governments. The returns are reported in U.S. dollar terms.
Long Call Spread:
A long call spread is an option trading strategy designed to benefit from a stock’s limited increase in price. The strategy uses two call options — buying a lower strike call and selling a higher strike call — to create a range consisting of a lower strike price and an upper strike price. The long call spread helps to limit losses of owning stock but it also limits the gains.
Mortgage-backed security (MBS):
A mortgage backed security is a type of asset-backed security which is secured by a mortgage or collection of mortgages.
WisdomTree Trust | 23 |
Description of Terms and Indexes (unaudited) (continued)
MSCI AC World Index:
The MSCI AC World Index is a free float adjusted market capitalization index that is designed to measure the performance of the world stock indexes covered by MSCI.
NYSE ARCA Gold Miners Index:
The NYSE Arca Gold Miners Index is a modified market capitalization weighted index that measures the performance of global gold mining companies.
S&P 500® Index:
The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by Standard & Poor’s Index Committee designed to represent the performance of the leading industries in the United States economy.
S&P GSCI Index:
The S&P GSCI Index comprises the principal physical commodities that are the subject to active, liquid futures markets.
Spot Rate and Non-Deliverable Forward (“NDF”) Rate Returns:
A “spot” rate is the foreign exchange rate on foreign currency contracts settled generally within two business days from the trade date. The NDF rate is the foreign exchange rate on non-deliverable forward currency contracts settled on a future date that is generally greater than two business days from the trade date. The Chinese yuan NDF return rate relative to the U.S. dollar calculated by WisdomTree is the rate of return percentage difference between the end of period NDF rate and the beginning of period NDF rate using WM/Reuters Singapore closing rates.
Thomson Reuters Continuous Commodity Index:
The Thomson Reuters Continuous Commodity Index, also known as the Continuous Commodity Total Return Index or Refinitiv Equal Weight Continuous Commodity Total Return Index (the “Index”), is composed of notional amounts of each of the following commodities (“Index Commodities”): corn, soybean, wheat, live cattle, lean hogs, gold, silver, copper, cocoa, coffee, sugar, cotton, soybean oil, platinum, crude oil, NY Harbor ULSD (formerly known as heating oil), and natural gas. The notional amounts of each Index Commodity included in the Index are in equal weight proportion to the Index Commodities or 1/17 weighting per index commodity rebalanced daily.
TOPS® Global Equity Target Range Index:
The TOPS® Global Equity Target Range Index tracks the performance of a systematic collateralized conditional call / call spread strategy.
Volos U.S. Large Cap Target 2.5% PutWrite Index:
The Volos U.S. Large Cap Target 2.5% PutWrite Index tracks the performance of a systematic collateralized PutWrite strategy. At any point in time the strategy has two short put options on SPDR® ETF Trust, with different expiration dates, and a collateral account that accrues interest at a theoretical Treasury Bill rate on a daily basis.
WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index:
The WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index is a rules-based alternatively weighted index that is designed to provide exposure to U.S. high yield corporate bonds with a short position in U.S. Treasuries where the net interest rate exposure of the index is adjusted to a zero year duration.
* * * * * *
24 | WisdomTree Trust |
Description of Terms and Indexes (unaudited) (continued)
Bloomberg® and the Bloomberg Indices are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by WisdomTree. Bloomberg is not affiliated with WisdomTree, and Bloomberg does not approve, endorse, review, or recommend each of AGGY, SHAG, AGZD or UNIY. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to each of AGGY, SHAG, AGZD or UNIY.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“ICE BofA Merrill Lynch”) indices and related information, the name “ICE BofA Merrill Lynch”, and related trademarks, are intellectual property licensed from ICE BofA Merrill Lynch, and may not be copied, used, or distributed without ICE BofA Merrill Lynch’s prior written approval. The licensee’s products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by ICE BofA Merrill Lynch. ICE BofA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).
Neither Volos nor any other party guarantees the accuracy and/or the completeness of the Volos U.S. Large Cap Target 2.5% PutWrite Index (the “Index”) or any Index data included herein. Neither Volos nor any other party makes any warranty, express or implied, as to results to be obtained from the use of the Index or any Index data included herein. Volos expressly disclaims any liability for any errors or omissions in the Index or Index data and no party may rely on the Index or Index data contained in this communication. Volos does not promote, sponsor or endorse the content of this communication.
The Gapstow Liquid Alternative Credit Index is a registered service mark of Gapstow Capital Partners L.P. and has been licensed for use by WisdomTree Asset Management and WisdomTree Trust as the issuer of the WisdomTree Alternative Income Fund. The WisdomTree Alternative Income Fund is not sponsored, endorsed, sold, or promoted by Gapstow Capital Partners L.P., and it makes no representation regarding the advisability of investing in the Fund. GAPSTOW CAPITAL PARTNERS L.P. AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE WISDOMTREE ALTERNATIVE INCOME FUND. Gapstow Capital Partners L.P. contracts with a calculation agent to independently calculate and publish the Gapstow Liquid Alternative Credit Index, and Gapstow Capital Partners L.P. cannot assure its accuracy. The publication of the Gapstow Liquid Alternative Credit Index does not constitute a recommendation by Gapstow Capital Partners L.P. to invest in the WisdomTree Alternative Income Fund. Gapstow Capital Partners L.P. offers no guarantee or assurance with regard to the results of using the Gapstow Liquid Alternative Credit Index.
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.
WisdomTree Trust | 25 |
Description of Terms and Indexes (unaudited) (concluded)
Index returns do not reflect expenses paid by the Funds. Index returns assume reinvestment of distributions. It is not possible to invest directly 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 | EUR | Euro | PHP | Philippine peso | |||||
BRL | Brazilian real | GBP | British pound | PLN | Polish zloty | |||||
CAD | Canadian dollar | IDR | Indonesian rupiah | THB | Thai baht | |||||
CHF | Swiss franc | INR | Indian rupee | TRY | Turkish new lira | |||||
CLP | Chilean peso | JPY | Japanese yen | TWD | New Taiwan dollar | |||||
CNH | Offshore Chinese renminbi | KRW | South Korean won | USD | U.S. dollar | |||||
CNY | Chinese yuan | MXN | Mexican peso | ZAR | South African rand | |||||
COP | Colombian peso | MYR | Malaysian ringgit | |||||||
OTHER ABBREVIATIONS: | ||||||||||
ADR | American Depositary Receipt | |||||||||
HECM | Home Equity Conversion Mortgage | |||||||||
HRW | Hard Red Winter | |||||||||
PIK | Payment-In-Kind | |||||||||
RBOB | Reformulated Blendstock for Oxygenate Blending | |||||||||
REMIC | Real Estate Mortgage Investment Conduit | |||||||||
ULSD | Ultra-Low-Sulfur Diesel | |||||||||
WTI | West Texas Intermediate |
26 | WisdomTree Trust |
Schedule of Investments (unaudited)
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)
February 28, 2023
Investments | Principal Amount |
Value | ||||||
U.S. GOVERNMENT OBLIGATIONS – 92.8% |
| |||||||
U.S. Treasury Bills – 92.8% |
| |||||||
4.31%, 3/16/23* |
$ | 71,975,000 | $ | 71,840,572 | ||||
4.53%, 4/27/23* |
71,810,000 | 71,281,725 | ||||||
4.68%, 5/9/23* |
71,100,000 | 70,471,318 | ||||||
4.68%, 5/30/23* |
68,250,000 | 67,453,864 | ||||||
TOTAL
U.S. GOVERNMENT OBLIGATIONS (Cost: $281,113,828) |
281,047,479 | |||||||
EXCHANGE-TRADED FUND – 4.3% |
| |||||||
United States – 4.3% |
| |||||||
WisdomTree Floating Rate Treasury Fund(a) |
||||||||
(Cost: $12,892,368) | 256,500 | 12,899,385 | ||||||
TOTAL
INVESTMENTS IN SECURITIES – 97.1% (Cost: $294,006,196) |
|
293,946,864 | ||||||
Other Assets less Liabilities – 2.9% |
|
8,800,589 | ||||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 302,747,453 |
* |
Interest rate shown reflects the yield to maturity at the time of purchase. |
(a) |
Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
INVESTMENT IN AFFILIATES |
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended February 28, 2023 were as follows:
Affiliate | Value at 8/31/2022 |
Purchases/ Additions |
Sales/ Reductions |
Realized Gain/(Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Value at 2/28/2023 |
Dividend Income |
Capital Gain Distributions |
||||||||||||||||||||||||
WisdomTree Floating Rate Treasury Fund |
$ | 16,758,375 | $ | 5,033,200 | $ | 8,906,390 | $ | (4,943 | ) | $ | 19,143 | $ | 12,899,385 | $ | 309,160 | $ | 909 |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and Description of Currency to be Purchased |
Amount and Description of Currency to be Sold |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
Bank of America NA |
3/6/2023 | 14,972,435 | USD | 21,185,000 | AUD | $ | 714,955 | $ | — | |||||||||||||||||||
Bank of America NA |
3/6/2023 | 34,410,127 | USD | 45,775,000 | CAD | 862,162 | — | |||||||||||||||||||||
Barclays Bank PLC |
3/6/2023 | 139,422,000 | CNH | 20,064,906 | USD | 1,690 | — | |||||||||||||||||||||
Barclays Bank PLC |
3/6/2023 | 512,311,000 | MXN | 27,977,051 | USD | 2,294 | — | |||||||||||||||||||||
Barclays Bank PLC |
4/5/2023 | 27,903,465 | USD | 513,885,000 | MXN | — | (3,546 | ) | ||||||||||||||||||||
Barclays Bank PLC |
4/6/2023 | 21,201,635 | USD | 147,045,000 | CNH | — | (3,146 | ) | ||||||||||||||||||||
Citibank NA |
3/6/2023 | 5,737,000 | INR | 69,479 | USD | — | (94 | ) | ||||||||||||||||||||
Citibank NA |
3/6/2023 | 1,617,000 | TWD | 53,636 | USD | — | (545 | ) | ||||||||||||||||||||
Citibank NA |
3/6/2023 | 183,095,000 | TWD | 5,958,184 | USD | 53,364 | — | |||||||||||||||||||||
Citibank NA |
4/10/2023 | 6,199,256 | USD | 189,970,000 | TWD | — | (60,044 | ) | ||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 5,630,000 | INR | 68,180 | USD | — | (90 | ) | ||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 22,540,000 | INR | 272,009 | USD | 593 | — | |||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 106,051,000 | KRW | 86,671 | USD | — | (6,519 | ) | ||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 105,000,000 | KRW | 84,141 | USD | — | (4,783 | ) | ||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 420,000,000 | KRW | 333,333 | USD | — | (15,900 | ) | ||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 1,550,000 | TWD | 51,857 | USD | — | (966 | ) | ||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 6,210,000 | TWD | 207,242 | USD | — | (3,349 | ) | ||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 15,657,094 | USD | 14,285,000 | CHF | 483,571 | — | |||||||||||||||||||||
Goldman Sachs |
3/6/2023 | 28,694,812 | USD | 543,460,000 | MXN | — | (985,704 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
3/6/2023 | 19,979,000 | AUD | 13,446,127 | USD | — | (284 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
3/6/2023 | 42,801,000 | CAD | 31,368,132 | USD | 223 | — | |||||||||||||||||||||
HSBC Holdings PLC |
3/6/2023 | 649,674,000 | INR | 7,860,544 | USD | — | (3,293 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
3/6/2023 | 12,099,246,000 | KRW | 9,152,228 | USD | — | (7,698 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
3/6/2023 | 21,936,493 | USD | 147,895,000 | CNH | 650,403 | — | |||||||||||||||||||||
HSBC Holdings PLC |
3/6/2023 | 42,283,257 | USD | 5,480,130,000 | JPY | 2,012,549 | — | |||||||||||||||||||||
HSBC Holdings PLC |
3/6/2023 | 10,422,629 | USD | 12,837,135,000 | KRW | 720,407 | — | |||||||||||||||||||||
HSBC Holdings PLC |
4/6/2023 | 14,397,460 | USD | 21,370,000 | AUD | — | (749 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
4/6/2023 | 33,047,818 | USD | 45,080,000 | CAD | — | (549 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
4/6/2023 | 8,122,677 | USD | 673,240,000 | INR | — | (3,672 | ) |
See Notes to Financial Statements.
WisdomTree Trust | 27 |
Schedule of Investments (unaudited) (continued)
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)
February 28, 2023
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and Description of Currency to be Purchased |
Amount and Description of Currency to be Sold |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
HSBC Holdings PLC |
4/6/2023 | 10,079,336 | USD | 13,309,965,000 | KRW | $ | 7,170 | $ | — | |||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 175,000 | AUD | 124,102 | USD | — | (6,327 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 170,000 | AUD | 117,845 | USD | — | (3,435 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 685,000 | AUD | 472,141 | USD | — | (11,137 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 176,000 | AUD | 121,878 | USD | — | (3,430 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 378,000 | CAD | 283,956 | USD | — | (6,924 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 375,000 | CAD | 279,869 | USD | — | (5,036 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 1,490,000 | CAD | 1,108,389 | USD | — | (16,386 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 381,000 | CAD | 285,526 | USD | — | (6,296 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 118,000 | CHF | 129,544 | USD | — | (4,204 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 115,000 | CHF | 124,514 | USD | — | (2,361 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 465,000 | CHF | 502,292 | USD | — | (8,369 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 119,000 | CHF | 129,075 | USD | — | (2,674 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 1,222,000 | CNH | 181,748 | USD | — | (5,869 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 1,205,000 | CNH | 177,334 | USD | — | (3,902 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 4,815,000 | CNH | 709,015 | USD | — | (16,006 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 1,231,000 | CNH | 180,596 | USD | — | (3,421 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 737,000 | EUR | 805,747 | USD | — | (26,034 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 725,000 | EUR | 783,912 | USD | — | (16,894 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 3,100,000 | EUR | 3,331,477 | USD | — | (51,813 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 741,000 | EUR | 792,401 | USD | — | (8,455 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 222,000 | GBP | 271,837 | USD | — | (4,787 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 220,000 | GBP | 265,263 | USD | — | (618 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 875,000 | GBP | 1,052,505 | USD | 58 | — | |||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 223,000 | GBP | 268,945 | USD | — | (691 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 45,273,000 | JPY | 352,949 | USD | — | (20,260 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 44,710,000 | JPY | 342,188 | USD | — | (13,637 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 179,125,000 | JPY | 1,355,343 | USD | — | (39,044 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 45,611,000 | JPY | 348,023 | USD | — | (12,851 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 4,490,000 | MXN | 239,563 | USD | 5,654 | — | |||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 4,430,000 | MXN | 232,463 | USD | 9,477 | — | |||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 17,705,000 | MXN | 920,204 | USD | 46,737 | — | |||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 4,524,000 | MXN | 241,586 | USD | 5,488 | — | |||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 97,163,586 | USD | 89,190,000 | EUR | 2,804,477 | — | |||||||||||||||||||||
JP Morgan Chase Bank NA |
3/6/2023 | 33,100,627 | USD | 26,830,000 | GBP | 826,036 | — | |||||||||||||||||||||
Morgan Stanley & Co. International |
3/6/2023 | 350,000 | CAD | 262,166 | USD | — | (5,655 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International |
3/6/2023 | 25,095,000 | GBP | 30,187,177 | USD | 332 | — | |||||||||||||||||||||
Morgan Stanley & Co. International |
3/6/2023 | 5,694,000 | INR | 69,270 | USD | — | (406 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International |
3/6/2023 | 5,135,181,000 | JPY | 37,735,506 | USD | 346 | — | |||||||||||||||||||||
Morgan Stanley & Co. International |
3/6/2023 | 1,603,000 | TWD | 54,238 | USD | — | (1,607 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International |
4/6/2023 | 31,708,658 | USD | 26,345,000 | GBP | — | (678 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International |
4/6/2023 | 40,873,952 | USD | 5,538,045,000 | JPY | — | (800 | ) | ||||||||||||||||||||
Royal Bank of Canada |
3/6/2023 | 8,413,745 | USD | 689,275,000 | INR | 77,553 | — | |||||||||||||||||||||
Standard Chartered Bank |
3/6/2023 | 310,000 | EUR | 332,715 | USD | — | (4,749 | ) | ||||||||||||||||||||
Standard Chartered Bank |
3/6/2023 | 195,000 | GBP | 236,695 | USD | — | (2,124 | ) | ||||||||||||||||||||
Standard Chartered Bank |
3/6/2023 | 30,230,000 | JPY | 228,423 | USD | — | (6,278 | ) | ||||||||||||||||||||
Standard Chartered Bank |
3/6/2023 | 106,838,000 | KRW | 84,257 | USD | — | (3,510 | ) | ||||||||||||||||||||
Standard Chartered Bank |
3/6/2023 | 6,489,305 | USD | 194,075,000 | TWD | 117,252 | — | |||||||||||||||||||||
UBS AG |
3/6/2023 | 13,468,000 | CHF | 14,305,592 | USD | 113 | — | |||||||||||||||||||||
UBS AG |
3/6/2023 | 83,577,000 | EUR | 88,419,869 | USD | 932 | — | |||||||||||||||||||||
UBS AG |
4/6/2023 | 14,985,010 | USD | 14,060,000 | CHF | — | (289 | ) | ||||||||||||||||||||
UBS AG |
4/6/2023 | 93,455,713 | USD | 88,175,000 | EUR | — | (1,640 | ) | ||||||||||||||||||||
$ | 9,403,836 | $ | (1,429,528 | ) |
See Notes to Financial Statements.
28 | WisdomTree Trust |
Schedule of Investments (unaudited) (concluded)
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)
February 28, 2023
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of February 28, 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 |
||||||||||||||||
U.S. Government Obligations |
$ | — | $ | 281,047,479 | $ | — | $ | 281,047,479 | ||||||||
Exchange-Traded Fund |
12,899,385 | — | — | 12,899,385 | ||||||||||||
Total Investments in Securities |
$ | 12,899,385 | $ | 281,047,479 | $ | — | $ | 293,946,864 | ||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | 9,403,836 | $ | — | $ | 9,403,836 | ||||||||
Liabilities: |
||||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (1,429,528 | ) | $ | — | $ | (1,429,528 | ) | ||||||
Total – Net |
$ | 12,899,385 | $ | 289,021,787 | $ | — | $ | 301,921,172 |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
WisdomTree Trust | 29 |
Schedule of Investments (unaudited)
WisdomTree Chinese Yuan Strategy Fund (CYB)
February 28, 2023
Investments | Principal Amount |
Value | ||||||
U.S. GOVERNMENT OBLIGATIONS – 66.4% |
| |||||||
U.S. Treasury Bills – 66.4% |
| |||||||
4.41%, 3/28/23* |
$ | 7,860,000 | $ | 7,833,398 | ||||
4.68%, 5/9/23* |
8,880,000 | 8,801,481 | ||||||
TOTAL
U.S. GOVERNMENT OBLIGATIONS (Cost: $16,637,168) |
|
16,634,879 | ||||||
Shares | ||||||||
EXCHANGE-TRADED FUND – 4.5% |
| |||||||
United States – 4.5% |
| |||||||
WisdomTree Floating Rate Treasury Fund(a) |
||||||||
(Cost: $1,119,572) | 22,300 | 1,121,467 | ||||||
REPURCHASE AGREEMENT – 29.3% |
| |||||||
United States – 29.3% |
| |||||||
Citigroup, Inc., tri-party repurchase agreement dated 2/28/23 (tri-party custodian: The Bank of New York Mellon Corp.), 4.55% due 3/1/23; Proceeds at maturity – $7,340,928 (fully collateralized by U.S. Treasury Note, 1.38% – 2.75% due 5/31/23 – 8/31/26, Ginnie Mae I Construction Loan, 2.62% – 5.65% due 6/15/64 – 9/15/64; Market value including accrued interest – $7,517,600) |
||||||||
(Cost: $7,340,000) | $ | 7,340,000 | $ | 7,340,000 | ||||
TOTAL
INVESTMENTS IN SECURITIES – 100.2% (Cost: $25,096,740) |
|
25,096,346 | ||||||
Other Assets less Liabilities – (0.2)% |
|
(54,702 | ) | |||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 25,041,644 |
* |
Interest rate shown reflects the yield to maturity at the time of purchase. |
(a) |
Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
INVESTMENT IN AFFILIATES |
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended February 28, 2023 were as follows:
Affiliate | Value at 8/31/2022 |
Purchases/ Additions |
Sales/ Reductions |
Realized Gain/(Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Value at 2/28/2023 |
Dividend Income |
Capital Gain Distributions |
||||||||||||||||||||||||
WisdomTree Floating Rate Treasury Fund |
$ | 1,120,575 | $ | — | $ | — | $ | — | $ | 892 | $ | 1,121,467 | $ | 21,743 | $ | 57 |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and Description of Currency to be Purchased |
Amount and Description of Currency to be Sold |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
Citibank NA |
3/13/2023 | 503,965 | USD | 3,400,000 | CNY | $ | 13,946 | $ | — | |||||||||||||||||||
Citibank NA |
3/13/2023 | 4,468,840 | USD | 31,100,000 | CNY | — | (13,389 | ) | ||||||||||||||||||||
Citibank NA |
4/14/2023 | 742,777 | USD | 5,000,000 | CNY | 20,879 | — | |||||||||||||||||||||
Citibank NA |
6/13/2023 | 32,000,000 | CNY | 4,619,404 | USD | 18,043 | — | |||||||||||||||||||||
HSBC Holdings PLC |
3/13/2023 | 34,500,000 | CNY | 4,854,369 | USD | 117,879 | — | |||||||||||||||||||||
HSBC Holdings PLC |
4/14/2023 | 59,500,000 | CNY | 8,601,995 | USD | — | (11,418 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
5/16/2023 | 61,303,000 | CNY | 9,135,113 | USD | — | (267,106 | ) | ||||||||||||||||||||
Standard Chartered Bank |
4/14/2023 | 28,000,000 | CNH | 4,048,033 | USD | — | (12,340 | ) | ||||||||||||||||||||
Standard Chartered Bank |
4/14/2023 | 371,266 | USD | 2,500,000 | CNH | 10,937 | — | |||||||||||||||||||||
$ | 181,684 | $ | (304,253 | ) |
See Notes to Financial Statements.
30 | WisdomTree Trust |
Schedule of Investments (unaudited) (concluded)
WisdomTree Chinese Yuan Strategy Fund (CYB)
February 28, 2023
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of February 28, 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 |
||||||||||||||||
U.S. Government Obligations |
$ | — | $ | 16,634,879 | $ | — | $ | 16,634,879 | ||||||||
Exchange-Traded Fund |
1,121,467 | — | — | 1,121,467 | ||||||||||||
Repurchase Agreement |
— | 7,340,000 | — | 7,340,000 | ||||||||||||
Total Investments in Securities |
$ | 1,121,467 | $ | 23,974,879 | $ | — | $ | 25,096,346 | ||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | 181,684 | $ | — | $ | 181,684 | ||||||||
Liabilities: |
||||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (304,253 | ) | $ | — | $ | (304,253 | ) | ||||||
Total – Net |
$ | 1,121,467 | $ | 23,852,310 | $ | — | $ | 24,973,777 |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
WisdomTree Trust | 31 |
Schedule of Investments (unaudited)
WisdomTree Emerging Currency Strategy Fund (CEW)
February 28, 2023
Investments | Principal Amount |
Value | ||||||
U.S. GOVERNMENT OBLIGATIONS – 63.5% |
| |||||||
U.S. Treasury Bills – 63.5% |
| |||||||
4.41%, 3/28/23* |
$ | 2,460,000 | $ | 2,451,674 | ||||
4.68%, 5/9/23* |
2,980,000 | 2,953,650 | ||||||
TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $5,406,064) |
|
5,405,324 | ||||||
Shares | ||||||||
EXCHANGE-TRADED FUND – 4.0% |
| |||||||
United States – 4.0% |
| |||||||
WisdomTree Floating Rate Treasury Fund(a) |
||||||||
(Cost: $341,394) | 6,800 | 341,972 | ||||||
REPURCHASE AGREEMENT – 32.0% |
| |||||||
United States – 32.0% |
| |||||||
Citigroup, Inc., tri-party repurchase agreement dated 2/28/23 (tri-party custodian: The Bank of New York Mellon Corp.), 4.55% due 3/1/23; Proceeds at maturity – $2,720,344 (fully collateralized by U.S. Treasury Note, 1.63% due 11/30/26; Market value including accrued interest – $2,774,461) |
||||||||
(Cost: $2,720,000) | $ | 2,720,000 | $ | 2,720,000 | ||||
TOTAL INVESTMENTS IN SECURITIES – 99.5% (Cost: $8,467,458) |
|
8,467,296 | ||||||
Other Assets less Liabilities – 0.5% |
|
45,220 | ||||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 8,512,516 |
* |
Interest rate shown reflects the yield to maturity at the time of purchase. |
(a) |
Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information. |
INVESTMENT IN AFFILIATES |
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended February 28, 2023 were as follows:
Affiliate | Value at 8/31/2022 |
Purchases/ Additions |
Sales/ Reductions |
Realized Gain/(Loss) |
Change
in Unrealized Appreciation/ Depreciation |
Value at 2/28/2023 |
Dividend Income |
Capital Gain Distributions |
||||||||||||||||||||||||
WisdomTree Floating Rate Treasury Fund |
$ | 341,700 | $ | — | $ | — | $ | — | $ | 272 | $ | 341,972 | $ | 6,630 | $ | 17 |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC — OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and Description of Currency to be Purchased |
Amount and Description of Currency to be Sold |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
Citibank NA |
5/8/2023 | 51,935,000 | INR | 631,471 | USD | $ | — | $ | (6,558 | ) | ||||||||||||||||||
Goldman Sachs |
5/5/2023 | 3,270,000 | BRL | 630,763 | USD | — | (11,504 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
5/5/2023 | 515,980,000 | CLP | 629,589 | USD | — | (14,750 | ) | ||||||||||||||||||||
HSBC Holdings PLC |
5/8/2023 | 774,965,000 | KRW | 629,689 | USD | — | (41,775 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
5/5/2023 | 12,120,000 | MXN | 633,913 | USD | 19,515 | — | |||||||||||||||||||||
JP Morgan Chase Bank NA |
5/5/2023 | 2,765,000 | PLN | 632,487 | USD | — | (12,060 | ) | ||||||||||||||||||||
JP Morgan Chase Bank NA |
5/5/2023 | 12,635,000 | TRY | 633,601 | USD | 11,119 | — | |||||||||||||||||||||
JP Morgan Chase Bank NA |
5/5/2023 | 10,970,000 | ZAR | 631,400 | USD | — | (37,001 | ) | ||||||||||||||||||||
Morgan Stanley & Co. International |
5/5/2023 | 2,665,000 | MYR | 631,966 | USD | — | (35,780 | ) | ||||||||||||||||||||
Standard Chartered Bank |
5/5/2023 | 4,240,000 | CNH | 630,903 | USD | — | (18,921 | ) | ||||||||||||||||||||
UBS AG |
5/5/2023 | 2,946,300,000 | COP | 634,691 | USD | — | (34,010 | ) | ||||||||||||||||||||
UBS AG |
5/5/2023 | 9,461,245,000 | IDR | 630,897 | USD | — | (10,980 | ) | ||||||||||||||||||||
UBS AG |
5/5/2023 | 34,400,000 | PHP | 631,309 | USD | — | (9,791 | ) | ||||||||||||||||||||
UBS AG |
5/5/2023 | 20,500,000 | THB | 628,231 | USD | — | (41,456 | ) | ||||||||||||||||||||
$ | 30,634 | $ | (274,586 | ) |
See Notes to Financial Statements.
32 | WisdomTree Trust |
Schedule of Investments (unaudited) (concluded)
WisdomTree Emerging Currency Strategy Fund (CEW)
February 28, 2023
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of February 28, 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 |
||||||||||||||||
U.S. Government Obligations |
$ | — | $ | 5,405,324 | $ | — | $ | 5,405,324 | ||||||||
Exchange-Traded Fund |
341,972 | — | — | 341,972 | ||||||||||||
Repurchase Agreement |
— | 2,720,000 | — | 2,720,000 | ||||||||||||
Total Investments in Securities |
$ | 341,972 | $ | 8,125,324 | $ | — | $ | 8,467,296 | ||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | 30,634 | $ | — | $ | 30,634 | ||||||||
Liabilities: |
||||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (274,586 | ) | $ | — | $ | (274,586 | ) | ||||||
Total – Net |
$ | 341,972 | $ | 7,881,372 | $ | — | $ | 8,223,344 |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
WisdomTree Trust | 33 |
Schedule of Investments (unaudited)
WisdomTree Emerging Markets Corporate Bond Fund (EMCB)
February 28, 2023
Investments | Principal Amount |
Value | ||||||
CORPORATE BONDS – 89.3% |
| |||||||
Argentina – 1.1% |
| |||||||
Arcor
SAIC |
$ | 250,000 | $ | 261,000 | ||||
YPF
SA |
263,000 | 211,711 | ||||||
|
|
|||||||
Total Argentina | 472,711 | |||||||
Austria – 0.5% |
| |||||||
Suzano
Austria GmbH |
226,000 | 226,000 | ||||||
Brazil – 3.4% | ||||||||
Banco do Brasil SA |
||||||||
9.00%, 6/18/24, (9.00% fixed rate until 6/18/24; 10-year Constant Maturity Treasury Rate + 6.362% thereafter)(b)(c)(d) |
450,000 | 458,289 | ||||||
CSN
Resources SA |
325,000 | 256,246 | ||||||
Fibria
Overseas Finance Ltd. |
50,000 | 49,883 | ||||||
Minerva
Luxembourg SA |
275,000 | 215,016 | ||||||
Nexa
Resources SA |
500,000 | 485,905 | ||||||
|
|
|||||||
Total Brazil | 1,465,339 | |||||||
Chile – 4.6% |
| |||||||
ATP
Tower Holdings LLC / Andean Tower Partners Colombia SAS / Andean Telecom
Partners |
300,000 | 265,500 | ||||||
Banco
de Credito e Inversiones SA |
200,000 | 165,973 | ||||||
Celulosa Arauco y Constitucion SA |
||||||||
4.50%, 8/1/24 |
200,000 | 196,500 | ||||||
5.50%, 11/2/47 |
325,000 | 277,517 | ||||||
Corp.
Nacional del Cobre de Chile |
200,000 | 194,407 | ||||||
Engie
Energia Chile SA |
350,000 | 268,625 | ||||||
Inversiones
CMPC SA |
325,000 | 268,621 | ||||||
Telefonica
Moviles Chile SA |
450,000 | 360,423 | ||||||
|
|
|||||||
Total Chile | 1,997,566 | |||||||
China – 4.4% |
| |||||||
Alibaba
Group Holding Ltd. |
350,000 | 339,456 | ||||||
ENN Clean Energy International Investment Ltd. 3.38%, 5/12/26(a) |
300,000 | 271,313 | ||||||
Lenovo Group Ltd. |
||||||||
5.83%, 1/27/28(a) |
350,000 | 344,344 | ||||||
6.54%, 7/27/32(a) |
330,000 | 322,536 | ||||||
MGM
China Holdings Ltd. |
325,000 | 286,000 | ||||||
Tencent Holdings Ltd. |
||||||||
3.98%, 4/11/29(b) |
200,000 | 183,688 | ||||||
3.93%, 1/19/38(b) |
200,000 | 161,750 | ||||||
|
|
|||||||
Total China | 1,909,087 | |||||||
Colombia – 5.1% |
| |||||||
Bancolombia SA |
||||||||
4.63%, 12/18/29, (4.625% fixed rate until 12/18/24; 5-year Constant Maturity Treasury Rate + 2.944% thereafter)(c) |
385,000 | 348,377 | ||||||
Ecopetrol SA |
||||||||
6.88%, 4/29/30 |
325,000 | 290,469 | ||||||
8.88%, 1/13/33 |
525,000 | 513,844 | ||||||
Geopark
Ltd. |
375,000 | 317,727 |
||||||
Millicom
International Cellular SA |
225,000 | 182,953 | ||||||
Oleoducto
Central SA |
450,000 | 388,036 | ||||||
Promigas
SA ESP / Gases del Pacifico SAC |
200,000 | 155,558 | ||||||
|
|
|||||||
Total Colombia | 2,196,964 | |||||||
Ghana – 0.8% |
| |||||||
Tullow
Oil PLC |
439,000 | 355,041 | ||||||
Guatemala – 1.9% | ||||||||
Central
American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco
SL |
460,000 | 424,350 | ||||||
CT
Trust |
500,000 | 396,250 | ||||||
|
|
|||||||
Total Guatemala | 820,600 | |||||||
Hong Kong – 1.7% |
| |||||||
Melco Resorts Finance Ltd. |
||||||||
5.75%, 7/21/28(b) |
325,000 | 281,937 | ||||||
5.75%, 7/21/28(a) |
275,000 | 238,563 | ||||||
5.38%, 12/4/29(b) |
250,000 | 208,125 | ||||||
|
|
|||||||
Total Hong Kong | 728,625 | |||||||
India – 5.3% |
| |||||||
Adani
Ports & Special Economic Zone Ltd. |
250,000 | 194,375 | ||||||
Bharti
Airtel International Netherlands BV |
323,000 | 321,308 | ||||||
JSW
Steel Ltd. |
600,000 | < |