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WisdomTree Trust

Semi-Annual Report

September 30, 2022

 

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree International AI Enhanced Value Fund (AIVI)

WisdomTree International Equity Fund (DWM)

WisdomTree International High Dividend Fund (DTH)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International Multifactor Fund (DWMF)

WisdomTree International Quality Dividend Growth Fund (IQDG)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)


Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Terms and Indexes (unaudited)

       13  
Schedules of Investments (unaudited)     

WisdomTree Europe Quality Dividend Growth Fund

       16  

WisdomTree Europe SmallCap Dividend Fund

       19  

WisdomTree International AI Enhanced Value Fund

       23  

WisdomTree International Equity Fund

       25  

WisdomTree International High Dividend Fund

       34  

WisdomTree International Large Cap Dividend Fund

       40  

WisdomTree International Midcap Dividend Fund

       44  

WisdomTree International Multifactor Fund

       50  

WisdomTree International Quality Dividend Growth Fund

       54  

WisdomTree International SmallCap Dividend Fund

       58  

WisdomTree Japan SmallCap Dividend Fund

       68  

Statements of Assets and Liabilities (unaudited)

       77  

Statements of Operations (unaudited)

       80  

Statements of Changes in Net Assets (unaudited)

       83  

Financial Highlights (unaudited)

       87  

Notes to Financial Statements (unaudited)

       93  

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

       106  

General Information (unaudited)

       109  

“WisdomTree” is a registered mark of WisdomTree, Inc. and is licensed for use by the WisdomTree Trust.


Information about Performance and Shareholder Expense Examples (unaudited)

Performance

The performance tables on the following pages are provided for comparative purposes and represent the period noted. Each Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the midpoint of the bid and ask price for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other exchange traded funds (“ETFs”), NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For the most recent month-end performance information visit www.wisdomtree.com.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results.

Shareholder Expense Examples

Each Fund’s performance table is accompanied by a shareholder expense example. As a shareholder of a WisdomTree Fund, you incur two types of cost: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2022 to September 30, 2022. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      1  


Performance Summary

 

as

of September 30, 2022 (unaudited)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    21.9%  

Industrials

    19.2%  

Health Care

    19.0%  

Materials

    14.8%  

Consumer Discretionary

    12.8%  

Information Technology

    3.6%  

Financials

    3.1%  

Communication Services

    2.2%  

Energy

    2.1%  

Utilities

    0.7%  

Real Estate

    0.1%  

Other Assets less Liabilities‡

    0.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Nestle SA, Registered Shares

    7.8%  

Roche Holding AG

    6.2%  

Rio Tinto Ltd.

    5.3%  

LVMH Moet Hennessy Louis Vuitton SE

    5.2%  

Unilever PLC

    4.7%  

Novo Nordisk A/S, Class B

    4.0%  

GSK PLC

    3.7%  

L’Oreal SA

    3.0%  

Anglo American PLC

    3.0%  

Industria de Diseno Textil SA

    2.4%  
*

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

The WisdomTree Europe Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 760.10        0.58   $ 2.56  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

     -23.99     -24.90     0.47     0.27     1.60

Fund Market Price Returns

     -24.70     -25.92     0.01     -0.08     1.37

WisdomTree Europe Quality Dividend Growth Index

     -24.01     -24.68     0.85     0.77     2.07

MSCI Europe Index

     -23.17     -24.80     -1.72     -1.24     0.00
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014.

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

 

2   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    23.9%  

Financials

    19.0%  

Consumer Discretionary

    11.1%  

Materials

    8.5%  

Real Estate

    7.0%  

Information Technology

    6.9%  

Energy

    5.0%  

Communication Services

    4.9%  

Consumer Staples

    4.5%  

Utilities

    4.4%  

Health Care

    3.2%  

Other Assets less Liabilities‡

    1.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Diversified Energy Co. PLC

    2.3%  

BFF Bank SpA

    2.3%  

PostNL NV

    2.2%  

Drax Group PLC

    1.8%  

D/S Norden A/S

    1.7%  

TGS ASA

    1.4%  

Alm Brand A/S

    1.4%  

Sonae SGPS SA

    1.2%  

Bilfinger SE

    1.2%  

Ferrexpo PLC

    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 Europe SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense
Ratio1
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 706.80        0.70   $ 3.00  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.56        0.70   $ 3.55  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $2.48 and $2.94, respectively.

Performance

 

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

Fund NAV Returns

       -29.32      -33.06      -2.90      -4.35      5.81

Fund Market Price Returns

       -29.34      -33.55      -3.19      -4.63      5.65

WisdomTree Europe SmallCap Dividend Index

       -29.66      -33.23      -2.46      -4.06      6.46

MSCI Europe Small Cap Index

       -31.81      -38.22      -3.15      -3.18      5.40

MSCI Europe Index

       -23.17      -24.80      -1.72      -1.24      3.45
*

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 September 30, 2022 (unaudited)

WisdomTree International AI Enhanced Value Fund (AIVI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.0%  

Industrials

    15.8%  

Consumer Staples

    11.2%  

Materials

    10.4%  

Real Estate

    9.0%  

Health Care

    7.9%  

Utilities

    6.1%  

Communication Services

    5.4%  

Energy

    4.2%  

Consumer Discretionary

    3.9%  

Information Technology

    2.6%  

Investment Company

    0.4%  

Other Assets less Liabilities‡

    1.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description    % of Net Assets  

Swiss Re AG

     3.7%  

Mitsui & Co. Ltd.

     3.4%  

Aurizon Holdings Ltd.

     3.2%  

Henkel AG & Co. KGaA

     3.1%  

GSK PLC

     2.9%  

Publicis Groupe SA

     2.7%  

Imperial Brands PLC

     2.6%  

HeidelbergCement AG

     2.6%  

Holcim AG

     2.5%  

Eni SpA

     2.4%  
*

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

The WisdomTree International AI Enhanced Value Fund (the “Fund”) seeks income and capital appreciation by investing primarily in equity securities selected from a universe of developed market equities, excluding the United States and Canada, that exhibit value characteristics based on the selection results of a proprietary, quantitative artificial intelligence (AI) model developed by Voya Investment Management Co., LLC., the Fund’s sub-adviser. Prior to January 18, 2022, Fund performance reflects the investment objective of the Fund when it was the WisdomTree International Dividend ex-Financials Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index (the “Former Index”). In seeking to track the Former Index, the Fund invested in high-dividend-yielding companies in the developed world excluding the U.S. and Canada, and excluding the financials sector.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 783.90        0.59   $ 2.64  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.11        0.59   $ 2.99  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $2.59 and $2.94, respectively.

Performance

 

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

Fund NAV Returns1

       -21.61      -21.61      -4.28      -2.07      1.59

Fund Market Price Returns1

       -21.53      -21.82      -4.59      -2.23      1.52

MSCI EAFE Value Index

       -21.35      -20.16      -2.79      -2.74      2.39
*

Returns of less than one year are cumulative.

 

1 

The Fund’s investment objective changed effective January 18, 2022. Prior to January 18, 2022, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index.

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

 

4   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree International Equity Fund (DWM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.3%  

Industrials

    12.6%  

Materials

    11.5%  

Consumer Staples

    10.2%  

Health Care

    9.5%  

Consumer Discretionary

    7.5%  

Communication Services

    7.5%  

Utilities

    6.0%  

Energy

    5.4%  

Real Estate

    3.5%  

Information Technology

    3.2%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

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

Top Ten Holdings*

 

Description   % of Net Assets  

BHP Group Ltd.

    2.9%  

Nestle SA, Registered Shares

    2.3%  

Rio Tinto Ltd.

    1.5%  

Novartis AG, Registered Shares

    1.5%  

Shell PLC

    1.3%  

Roche Holding AG

    1.2%  

Nippon Telegraph & Telephone Corp.

    1.2%  

Toyota Motor Corp.

    1.1%  

Commonwealth Bank of Australia

    1.1%  

LVMH Moet Hennessy Louis Vuitton SE

    1.0%  
*

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

The WisdomTree International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized
Expense Ratio1
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 786.80        0.49   $ 2.19  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.61        0.49   $ 2.48  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.48% and the actual and hypothetical expenses paid during the period would have been $2.15 and $2.43, respectively.

Performance

 

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

Fund NAV Returns

       -21.32      -20.10      -3.14      -2.22      2.90

Fund Market Price Returns

       -21.50      -20.68      -3.39      -2.46      2.86

WisdomTree International Equity Index

       -21.36      -19.98      -3.00      -2.01      3.12

MSCI EAFE Index

       -22.51      -25.13      -1.83      -0.84      3.67

MSCI EAFE Value Index

       -21.35      -20.16      -2.79      -2.74      2.39
*

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 September 30, 2022 (unaudited)

WisdomTree International High Dividend Fund (DTH)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.8%  

Materials

    16.3%  

Communication Services

    13.1%  

Utilities

    9.5%  

Health Care

    7.7%  

Industrials

    7.5%  

Energy

    6.4%  

Consumer Staples

    6.2%  

Real Estate

    4.7%  

Consumer Discretionary

    2.6%  

Information Technology

    0.9%  

Investment Company

    0.5%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

BHP Group Ltd.

    5.6%  

Rio Tinto Ltd.

    3.0%  

Novartis AG, Registered Shares

    3.0%  

Nippon Telegraph & Telephone Corp.

    2.3%  

SoftBank Corp.

    1.7%  

Unilever PLC

    1.7%  

BP PLC

    1.7%  

Fortescue Metals Group Ltd.

    1.7%  

Sanofi

    1.5%  

Commonwealth Bank of Australia

    1.4%  
*

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

The WisdomTree International High Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International High Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 791.00        0.58   $ 2.60  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

       -20.90      -15.77      -3.52      -2.60      2.18

Fund Market Price Returns

       -20.69      -15.52      -3.52      -2.67      2.17

WisdomTree International High Dividend Index

       -20.93      -15.62      -3.24      -2.35      2.48

MSCI EAFE Value Index

       -21.35      -20.16      -2.79      -2.74      2.39

MSCI EAFE Index

       -22.51      -25.13      -1.83      -0.84      3.67
*

Returns of less than one year are cumulative.

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

 

6   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.6%  

Materials

    11.8%  

Health Care

    11.7%  

Consumer Staples

    11.6%  

Industrials

    9.7%  

Communication Services

    8.3%  

Consumer Discretionary

    7.0%  

Energy

    5.8%  

Utilities

    5.5%  

Information Technology

    2.5%  

Real Estate

    1.5%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.9%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

BHP Group Ltd.

    4.0%  

Nestle SA, Registered Shares

    3.2%  

Rio Tinto Ltd.

    2.1%  

Novartis AG, Registered Shares

    2.1%  

Shell PLC

    1.8%  

Roche Holding AG

    1.7%  

Nippon Telegraph & Telephone Corp.

    1.6%  

Toyota Motor Corp.

    1.6%  

Commonwealth Bank of Australia

    1.5%  

LVMH Moet Hennessy Louis Vuitton SE

    1.4%  
*

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

The WisdomTree International LargeCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 792.90        0.48   $ 2.16  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.66        0.48   $ 2.43  

Performance

 

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

Fund NAV Returns

       -20.71      -17.47      -2.84      -1.78      2.54

Fund Market Price Returns

       -20.41      -17.44      -2.97      -1.82      2.52

WisdomTree International LargeCap Dividend Index

       -20.73      -17.39      -2.64      -1.58      2.82

MSCI EAFE Index

       -22.51      -25.13      -1.83      -0.84      3.67

MSCI EAFE Value Index

       -21.35      -20.16      -2.79      -2.74      2.39
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      7  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    19.6%  

Industrials

    18.8%  

Materials

    9.9%  

Real Estate

    9.3%  

Utilities

    8.9%  

Consumer Discretionary

    8.2%  

Consumer Staples

    6.2%  

Communication Services

    5.7%  

Information Technology

    4.9%  

Energy

    4.1%  

Health Care

    3.4%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Power Assets Holdings Ltd.

    1.1%  

Aker BP ASA

    1.1%  

Sompo Holdings, Inc.

    1.0%  

Koninklijke KPN NV

    1.0%  

Admiral Group PLC

    0.8%  

Terna—Rete Elettrica Nazionale

    0.8%  

ENEOS Holdings, Inc.

    0.8%  

Tryg A/S

    0.7%  

Suncorp Group Ltd.

    0.7%  

Mitsui OSK Lines Ltd.

    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 International MidCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 760.70        0.58   $ 2.56  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

       -23.93      -26.27      -4.32      -3.18      3.46

Fund Market Price Returns

       -23.95      -26.47      -4.53      -3.37      3.46

WisdomTree International MidCap Dividend Index

       -24.06      -26.35      -3.96      -2.80      3.89

MSCI EAFE Mid Cap Index

       -25.11      -30.85      -3.66      -2.29      4.07

MSCI EAFE Mid Cap Value Index

       -23.65      -25.72      -5.01      -3.19      4.01

MSCI EAFE Index

       -22.51      -25.13      -1.83      -0.84      3.67
*

Returns of less than one year are cumulative.

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

 

8   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree International Multifactor Fund (DWMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    15.6%  

Financials

    15.3%  

Industrials

    13.0%  

Health Care

    11.3%  

Communication Services

    9.3%  

Consumer Discretionary

    6.6%  

Energy

    6.5%  

Utilities

    6.4%  

Materials

    5.5%  

Real Estate

    4.4%  

Information Technology

    3.8%  

Other Assets less Liabilities‡

    2.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

La Francaise des Jeux SAEM

    1.5%  

GSK PLC

    1.4%  

Sanofi

    1.4%  

BAE Systems PLC

    1.2%  

Ipsen SA

    1.2%  

Roche Holding AG

    1.2%  

Bayerische Motoren Werke AG

    1.2%  

Novartis AG, Registered Shares

    1.1%  

Singapore Exchange Ltd.

    1.1%  

Bayer AG, Registered Shares

    1.1%  
*

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

The WisdomTree International Multifactor Fund (the “Fund”) seeks capital appreciation by investing primarily in equity securities of developed countries, excluding the U.S. and Canada, with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund seeks to manage its currency risk by dynamically hedging currency fluctuations in the relative value of the applicable international currencies against the U.S. dollar, ranging from a 0% to 100% hedge.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 879.10        0.38   $ 1.79  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.16        0.38   $ 1.93  

Performance

 

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

Fund NAV Returns

       -12.09      -13.54      -1.37      -0.16

Fund Market Price Returns

       -11.82      -13.23      -1.63      -0.19

MSCI EAFE Local Currency Index

       -11.14      -11.11      2.51      2.47

MSCI EAFE Index

       -22.51      -25.13      -1.83      -1.27
*

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 August 10, 2018.

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

 

WisdomTree Trust      9  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Health Care

    22.6%  

Materials

    18.8%  

Consumer Discretionary

    18.3%  

Industrials

    17.1%  

Information Technology

    10.1%  

Consumer Staples

    6.9%  

Energy

    2.3%  

Financials

    2.1%  

Communication Services

    1.3%  

Real Estate

    0.1%  

Utilities

    0.0%

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Novo Nordisk A/S, Class B

    6.3%  

Roche Holding AG

    5.7%  

LVMH Moet Hennessy Louis Vuitton SE

    5.7%  

BHP Group Ltd.

    5.2%  

Rio Tinto Ltd.

    4.8%  

Anglo American PLC

    4.5%  

Diageo PLC

    3.3%  

Industria de Diseno Textil SA

    3.3%  

Deutsche Post AG, Registered Shares

    2.1%  

CSL Ltd.

    2.1%  
*

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

The WisdomTree International Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 741.10        0.42   $ 1.83  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.96        0.42   $ 2.13  

Performance

 

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

Fund NAV Returns

     -25.89     -27.73     0.33     0.25     3.44

Fund Market Price Returns

     -25.79     -28.13     -0.03     0.01     3.36

WisdomTree International Quality Dividend Growth Index

     -26.01     -27.61     0.63     0.57     3.79

MSCI EAFE Index

     -22.51     -25.13     -1.83     -0.84     3.24
*

Returns of less than one year are cumulative.

 

1 

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

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

 

10   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    23.0%  

Financials

    15.6%  

Materials

    11.4%  

Consumer Discretionary

    10.7%  

Real Estate

    9.0%  

Information Technology

    7.1%  

Consumer Staples

    6.9%  

Communication Services

    4.5%  

Utilities

    3.9%  

Health Care

    3.5%  

Energy

    3.1%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    1.3%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Cia de Distribucion Integral Logista Holdings SA

    1.0%  

NetLink NBN Trust

    0.8%  

Diversified Energy Co. PLC

    0.8%  

New Hope Corp. Ltd.

    0.8%  

Societe BIC SA

    0.7%  

Ferrexpo PLC

    0.7%  

BFF Bank SpA

    0.6%  

Metcash Ltd.

    0.6%  

PostNL NV

    0.6%  

Drax Group PLC

    0.6%  
*

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

The WisdomTree International SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio1
    Expenses Paid
During the
Period
 

Actual

   $ 1,000.00      $ 772.40        0.60   $ 2.67  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.06        0.60   $ 3.04  
1 

Included in the expense ratio are “Other fees” described in Note 6 which are not annualized. Without these expenses, the expense ratio would have been 0.58% and the actual and hypothetical expenses paid during the period would have been $2.58 and $2.94, respectively.

Performance

 

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

Fund NAV Returns

       -22.76      -27.42      -3.21      -3.52      4.39

Fund Market Price Returns

       -22.26      -27.27      -3.28      -3.64      4.36

WisdomTree International SmallCap Dividend Index

       -22.92      -26.98      -2.45      -2.70      5.06

MSCI EAFE Small Cap Index

       -25.78      -32.06      -2.16      -1.79      5.28

MSCI EAFE Small Cap Value Index

       -24.30      -27.42      -2.83      -2.70      4.95

MSCI EAFE Index

       -22.51      -25.13      -1.83      -0.84      3.67
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      11  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    24.3%  

Consumer Discretionary

    16.3%  

Materials

    14.6%  

Financials

    13.6%  

Information Technology

    11.4%  

Consumer Staples

    6.8%  

Health Care

    3.9%  

Utilities

    2.3%  

Communication Services

    2.1%  

Real Estate

    1.5%  

Energy

    1.4%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    1.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Electric Power Development Co. Ltd.

    0.9%  

Nishimatsu Construction Co. Ltd.

    0.8%  

Toyo Seikan Group Holdings Ltd.

    0.8%  

Mebuki Financial Group, Inc.

    0.8%  

Cosmo Energy Holdings Co. Ltd.

    0.7%  

Aozora Bank Ltd.

    0.7%  

Sankyo Co. Ltd.

    0.7%  

Seven Bank Ltd.

    0.7%  

Konica Minolta, Inc.

    0.6%  

SHO-BOND Holdings Co. Ltd.

    0.5%  
*

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

The WisdomTree Japan SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the Japanese equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2022)

 

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

Actual

   $ 1,000.00      $ 867.90        0.58   $ 2.72  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

       -13.21      -24.20      -3.49      -3.17      5.01

Fund Market Price Returns

       -12.13      -23.83      -3.71      -3.18      5.09

WisdomTree Japan SmallCap Dividend Index

       -13.21      -24.19      -3.28      -2.69      5.59

MSCI Japan Small Cap Index

       -15.39      -27.56      -4.04      -2.29      5.47

MSCI Japan Index

       -21.18      -29.30      -2.65      -0.63      4.84
*

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.

 

12   WisdomTree Trust


Description of Terms and Indexes (unaudited)

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

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

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

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

Australasia and Japan.

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

The MSCI EAFE Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets, excluding the U.S. and Canada.

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

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

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

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

The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within developed market European countries.

The MSCI Europe Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of “small” stocks within developed market

European countries.

The MSCI Japan Small Cap Index is a free float-adjusted market capitalization index that

is designed to measure the performance of small cap stocks within Japan.

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

Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.

Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.

The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.

The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.

The WisdomTree International Dividend ex-Financials Index measures the performance

of high dividend-yielding international stocks outside the financial sector.

 

WisdomTree Trust      13  


Description of Terms and Indexes (unaudited) (continued)

 

 

The WisdomTree International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States.

The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.

The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market companies.

The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying

small-capitalization companies in Japan.

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

Neither MSCI nor any other party involved in or related to compiling, computing or creating the

MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

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

 

14   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

 

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

* * * * * *

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

 

Currency abbreviations:           
AUD   Australian dollar    JPY   Japanese yen
CHF   Swiss franc    NOK   Norwegian krone
DKK   Danish krone    NZD   New Zealand dollar
EUR   Euro    SEK   Swedish krona
GBP   British pound    SGD   Singapore dollar
HKD   Hong Kong dollar    USD   U.S. dollar
ILS   Israeli new shekel     
Other abbreviations:           
CVA   Certificaten Van Aandelen (Certificate of Stock)
RSP   Risparmio Italian Savings Shares

 

WisdomTree Trust      15  


Schedule of Investments (unaudited)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

September 30, 2022

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

Australia – 5.3%

 

Rio Tinto Ltd.

     46,473      $ 2,539,936  
Austria – 1.1%

 

Andritz AG

     1,439        61,520  

Kontron AG

     1,044        14,901  

OMV AG

     8,620        315,574  

Telekom Austria AG*

     16,218        93,898  

Wienerberger AG

     1,759        35,498  
     

 

 

 
Total Austria               521,391  
Belgium – 0.1%

 

Melexis NV

     849        58,221  
Denmark – 6.9%

 

AP Moller – Maersk A/S, Class B

     83        151,622  

Carlsberg A/S, Class B

     1,860        219,037  

Coloplast A/S, Class B

     2,708        276,798  

DSV A/S

     397        46,866  

H Lundbeck A/S

     9,797        31,386  

H Lundbeck A/S, Class A*

     2,450        7,310  

Novo Nordisk A/S, Class B

     19,164        1,922,485  

Novozymes A/S, Class B

     2,105        106,277  

Orsted A/S(a)

     4,285        342,974  

Royal Unibrew A/S

     728        47,469  

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

     3,973        57,842  

SimCorp A/S

     420        23,789  

Vestas Wind Systems A/S

     3,626        67,658  
     

 

 

 
Total Denmark               3,301,513  
Finland – 4.1%

 

Elisa Oyj

     5,036        228,669  

Kesko Oyj, Class A(b)

     3,111        56,138  

Kesko Oyj, Class B

     5,478        102,742  

Kone Oyj, Class B

     7,427        288,197  

Metso Outotec Oyj

     10,789        72,464  

Neste Oyj

     9,596        421,152  

Nokian Renkaat Oyj

     3,877        37,601  

Orion Oyj, Class B

     3,436        145,011  

Tokmanni Group Corp.

     2,424        26,549  

UPM-Kymmene Oyj

     17,768        567,101  

Valmet Oyj

     2,307        47,077  
     

 

 

 
Total Finland               1,992,701  
France – 17.7%

 

Arkema SA

     1,247        91,719  

BioMerieux

     578        46,092  

Bureau Veritas SA

     3,586        80,729  

Capgemini SE

     1,450        235,091  

Cie de Saint-Gobain

     6,388        231,859  

Cie Generale des Etablissements Michelin SCA

     9,389        212,978  

Eiffage SA

     2,070        167,340  

Hermes International

     293        349,325  

IPSOS

     981        44,112  

Kering SA

     1,209        543,105  

L’Oreal SA

     4,518        1,461,706  

La Francaise des Jeux SAEM(a)

     3,172      94,684  

Legrand SA

     2,263        147,782  

LVMH Moet Hennessy Louis Vuitton SE

     4,178        2,498,353  

Remy Cointreau SA(b)

     446        74,670  

Safran SA

     983        90,531  

Sartorius Stedim Biotech

     133        41,316  

Schneider Electric SE

     5,883        673,958  

SEB SA(b)

     779        49,376  

Sopra Steria Group SACA

     287        36,691  

Teleperformance

     241        61,597  

Television Francaise 1

     9,510        54,921  

Thales SA

     2,835        313,836  

Trigano SA

     552        48,993  

Verallia SA(a)

     2,879        65,208  

Vinci SA

     9,674        788,213  
     

 

 

 
Total France               8,504,185  
Germany – 7.1%

 

adidas AG

     1,672        194,722  

Aurubis AG

     714        37,757  

Bechtle AG

     861        31,318  

Brenntag SE

     1,683        102,849  

Carl Zeiss Meditec AG, Bearer Shares

     296        31,158  

Covestro AG(a)

     3,385        97,958  

Dermapharm Holding SE

     510        18,626  

Deutsche Post AG, Registered Shares

     16,582        505,449  

Fielmann AG

     1,689        54,537  

Hapag-Lloyd AG(a)

     1,811        309,943  

Infineon Technologies AG

     6,222        138,426  

Instone Real Estate Group SE(a)

     824        6,870  

Knorr-Bremse AG

     1,611        70,041  

ProSiebenSat.1 Media SE

     7,504        53,709  

Siemens AG, Registered Shares

     11,458        1,135,952  

Siemens Healthineers AG(a)

     12,106        525,145  

Symrise AG

     963        94,765  

Varta AG

     478        13,744  

VERBIO Vereinigte BioEnergie AG

     156        9,246  
     

 

 

 
Total Germany               3,432,215  
Ireland – 1.1%

 

CRH PLC(b)

     15,155        490,977  

Kingspan Group PLC

     490        22,244  
     

 

 

 
Total Ireland               513,221  
Italy – 1.6%

 

Amplifon SpA

     986        25,984  

Anima Holding SpA(a)

     15,095        43,328  

BFF Bank SpA(a)

     17,757        118,638  

Buzzi Unicem SpA

     2,493        35,620  

Davide Campari-Milano NV

     4,420        39,455  

De’ Longhi SpA(b)

     1,969        29,069  

DiaSorin SpA(b)

     302        33,964  

Ferrari NV

     687        129,018  

GVS SpA*(a)

     1,976        11,673  

Moncler SpA

     1,901        78,944  

Pirelli & C. SpA(a)

     11,845        38,989  

 

See Notes to Financial Statements.

 

16   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

September 30, 2022

 

 

 

Investments    Shares      Value  

RAI Way SpA(a)

     11,143      $ 51,023  

Recordati Industria Chimica e Farmaceutica SpA

     3,403        125,649  

Technogym SpA(a)

     4,053        25,491  
     

 

 

 
Total Italy               786,845  
Netherlands – 4.9%

 

ASM International NV

     255        58,393  

ASML Holding NV

     1,329        564,527  

BE Semiconductor Industries NV

     1,465        63,995  

Euronext NV(a)

     1,311        83,609  

Heineken NV

     4,919        433,026  

IMCD NV

     189        22,700  

Koninklijke KPN NV

     166,999        453,501  

Randstad NV(b)

     5,165        225,570  

RHI Magnesita NV

     1,655        31,204  

Signify NV(a)

     2,321        60,550  

STMicroelectronics NV(b)

     4,158        131,367  

Wolters Kluwer NV

     2,244        219,658  
     

 

 

 
Total Netherlands               2,348,100  
Norway – 2.0%

 

AF Gruppen ASA

     3,656        46,433  

Aker BP ASA(b)

     8,364        239,931  

Atea ASA*

     3,435        30,639  

Kongsberg Gruppen ASA

     3,153        96,061  

Mowi ASA

     3,461        43,988  

Norsk Hydro ASA

     30,516        164,772  

Yara International ASA

     9,363        329,334  
     

 

 

 
Total Norway               951,158  
Portugal – 0.4%

 

Altri SGPS SA

     9,053        45,896  

Jeronimo Martins SGPS SA

     7,277        135,806  
     

 

 

 
Total Portugal               181,702  
Spain – 4.4%

 

Acerinox SA

     9,927        79,725  

Banco Bilbao Vizcaya Argentaria SA

     127,845        578,687  

Cie Automotive SA

     2,346        48,907  

Faes Farma SA(b)

     18,624        67,689  

Fluidra SA(b)

     2,008        30,530  

Grifols SA*(b)

     6,054        52,677  

Industria de Diseno Textil SA

     55,757        1,162,363  

Viscofan SA

     1,280        70,096  
     

 

 

 
Total Spain               2,090,674  
Sweden – 4.9%

 

AAK AB

     3,559        47,256  

Alfa Laval AB

     3,592        90,112  

Assa Abloy AB, Class B

     8,969        169,480  

Atlas Copco AB, Class A

     23,837        225,106  

Atlas Copco AB, Class B

     13,819        116,131  

Axfood AB

     6,113        140,410  

Bilia AB, Class A

     3,641        41,897  

Catena AB

     707        21,087  

Dustin Group AB(a)

     2,618        10,375  

Elekta AB, Class B

     7,167        36,721  

Epiroc AB, Class A

     5,973      86,197  

Epiroc AB, Class B

     1,860        23,632  

EQT AB

     4,151        81,954  

Evolution AB(a)

     767        61,291  

Hexagon AB, Class B

     13,720        129,442  

Hexpol AB

     6,742        55,832  

Husqvarna AB, Class B

     8,468        47,386  

Indutrade AB

     2,078        34,154  

JM AB

     2,220        30,947  

Mycronic AB

     1,539        18,722  

Nibe Industrier AB, Class B

     3,697        33,347  

Nordnet AB publ

     1,937        22,097  

Paradox Interactive AB

     814        13,031  

Samhallsbyggnadsbolaget i Norden AB(b)

     15,150        16,607  

Sandvik AB

     14,055        193,205  

SKF AB, Class B(b)

     7,428        100,568  

Thule Group AB(a)(b)

     1,594        32,103  

Volvo AB, Class A

     8,033        119,292  

Volvo AB, Class B

     25,050        356,828  
     

 

 

 
Total Sweden               2,355,210  
Switzerland – 19.1%

 

Adecco Group AG, Registered Shares

     4,844        134,899  

Coca-Cola HBC AG

     6,167        130,387  

EMS-Chemie Holding AG, Registered Shares

     334        213,278  

Geberit AG, Registered Shares

     361        156,797  

Kuehne + Nagel International AG, Registered Shares(b)

     1,006        206,464  

Logitech International SA, Registered Shares(b)

     1,586        74,043  

Nestle SA, Registered Shares

     34,471        3,750,221  

Partners Group Holding AG

     377        308,188  

Roche Holding AG

     9,101        2,990,824  

Roche Holding AG, Bearer Shares(b)

     2,032        800,619  

Schindler Holding AG, Participation Certificate

     390        61,279  

Schindler Holding AG, Registered Shares

     649        98,908  

SFS Group AG

     368        31,855  

Sonova Holding AG, Registered Shares

     444        99,243  

Straumann Holding AG, Registered Shares

     432        40,310  

Temenos AG, Registered Shares

     471        32,272  

VAT Group AG(a)

     221        45,760  
     

 

 

 
Total Switzerland               9,175,347  
United Kingdom – 15.1%

 

Abrdn PLC

     66,961        103,975  

Alpha FX Group PLC

     551        10,456  

Anglo American PLC

     46,367        1,415,880  

Antofagasta PLC

     19,845        247,116  

Ashmore Group PLC(b)

     22,592        49,708  

Ashtead Group PLC

     1,286        58,657  

Bellway PLC

     1,915        36,405  

Britvic PLC

     6,952        55,682  

Burberry Group PLC

     5,175        104,445  

Computacenter PLC

     1,682        36,294  

Croda International PLC

     795        57,206  

Diageo PLC

     24,816        1,051,987  

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

September 30, 2022

 

 

 

Investments    Shares      Value  

Dunelm Group PLC(b)

     3,088      $ 25,164  

Ferrexpo PLC

     41,217        55,949  

Fresnillo PLC(b)

     10,889        93,499  

Games Workshop Group PLC

     353        22,835  

Halma PLC

     1,488        33,969  

Hargreaves Lansdown PLC(b)

     8,687        84,095  

Hikma Pharmaceuticals PLC

     2,246        34,186  

Howden Joinery Group PLC

     4,670        26,337  

Impax Asset Management Group PLC(b)

     1,442        8,451  

Intertek Group PLC

     1,457        60,292  

Mondi PLC

     8,042        125,143  

RELX PLC

     15,804        388,477  

Rentokil Initial PLC(b)

     11,165        59,513  

Rightmove PLC

     6,582        35,430  

Rotork PLC

     10,394        27,174  

RS Group PLC

     3,405        36,832  

Savills PLC

     2,478        22,005  

Softcat PLC

     2,100        27,896  

Spirax-Sarco Engineering PLC

     306        35,525  

Synthomer PLC

     8,301        9,869  

Taylor Wimpey PLC

     111,446        109,851  

Tesco PLC

     147,063        339,496  

TI Fluid Systems PLC(a)(b)

     9,665        13,055  

Unilever PLC

     51,290        2,272,451  

Victrex PLC

     1,617        30,144  

Vistry Group PLC(b)

     4,291      28,213  
     

 

 

 
Total United Kingdom               7,233,662  
United States – 3.7%

 

GSK PLC

     120,798        1,760,829  
TOTAL COMMON STOCKS
(Cost: $62,748,122)
              47,746,910  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.7%

 

United States – 4.7%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 3.07%(c)

 

(Cost: $2,258,555)      2,258,555        2,258,555  
TOTAL INVESTMENTS IN SECURITIES – 104.2%
(Cost: $65,006,677)
        50,005,465  

Other Assets less Liabilities – (4.2)%

        (2,013,915
     

 

 

 
NET ASSETS – 100.0%             $ 47,991,550  
* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,562,655 and the total market value of the collateral held by the Fund was $2,710,099. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $451,544.

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2022.

 

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

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

   

Unrealized

Appreciation

   

Unrealized

Depreciation

 

Bank of America NA

    10/4/2022       4,138       USD       45,051       NOK     $ 4     $  

Deutsche Bank AG

    10/4/2022       8,543       USD       7,656       GBP             (3

UBS AG

    10/4/2022       12,976       USD       13,243       EUR       2        
                              $ 6     $ (3

 

FAIR VALUATION SUMMARY     

The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted

Prices in

Active

Markets

(Level 1)

    

Other

Significant

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

     Total  

Assets:

 

    

Investments in Securities

 

    

Common Stocks

   $ 47,746,910      $     $      $ 47,746,910  

Investment of Cash Collateral for Securities Loaned

            2,258,555              2,258,555  

Total Investments in Securities

   $ 47,746,910      $ 2,258,555     $      $ 50,005,465  

Financial Derivative Instruments

 

    

Foreign Currency Contracts1

   $      $ 6     $      $ 6  

Liabilities:

 

    

Financial Derivative Instruments

 

    

Foreign Currency Contracts1

   $      $ (3   $      $ (3

Total – Net

   $ 47,746,910      $ 2,258,558     $      $ 50,005,468  
1 

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

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Schedule of Investments (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2022

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.4%

 

Austria – 1.6%

 

AT&S Austria Technologie & Systemtechnik AG

     13,866      $ 457,096  

Kontron AG(a)

     27,098        386,783  

POLYTEC Holding AG(a)

     44,194        196,341  

S IMMO AG(a)

     50,490        1,122,799  

Semperit AG Holding(a)

     24,380        410,802  

Zumtobel Group AG

     34,574        203,223  
     

 

 

 
Total Austria               2,777,044  
Belgium – 2.9%

 

Befimmo SA(a)

     42,566        1,947,379  

Bekaert SA

     56,973        1,444,456  

Deceuninck NV(a)

     89,943        167,766  

Fagron

     26,376        325,316  

Ion Beam Applications

     16,347        192,172  

Recticel SA

     28,323        372,915  

Xior Student Housing NV(a)

     17,800        556,265  
     

 

 

 
Total Belgium               5,006,269  
Denmark – 6.4%

 

Alm Brand A/S

     2,049,752        2,511,587  

Cementir Holding NV

     116,301        636,892  

Chemometec A/S

     3,669        279,892  

D/S Norden A/S

     68,153        2,885,990  

FLSmidth & Co. A/S

     14,464        316,154  

Huscompagniet A/S

     15,218        87,921  

Matas A/S

     22,616        201,133  

Per Aarsleff Holding A/S

     14,900        366,321  

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

     102,589        1,493,575  

Spar Nord Bank A/S

     97,213        1,086,136  

Sydbank A/S

     47,123        1,295,123  
     

 

 

 
Total Denmark               11,160,724  
Finland – 4.5%

 

Aktia Bank Oyj

     73,289        694,282  

Caverion Oyj

     68,627        288,755  

Kamux Corp.(a)

     24,163        125,458  

Kemira Oyj

     161,635        1,797,223  

Lassila & Tikanoja Oyj(a)

     30,851        301,325  

Musti Group Oyj*

     11,015        192,293  

Oma Saastopankki Oyj

     23,533        402,525  

Revenio Group Oyj

     5,580        208,381  

Rovio Entertainment Oyj(a)(b)

     52,090        290,616  

Suominen Oyj(a)

     55,599        143,522  

Talenom Oyj(a)

     18,364        158,314  

Terveystalo Oyj(b)

     73,585        596,164  

Tokmanni Group Corp.

     102,397        1,121,501  

Uponor Oyj

     59,512        785,896  

Verkkokauppa.com Oyj(a)

     55,839        166,843  

YIT Oyj(a)

     204,824        576,685  
     

 

 

 
Total Finland               7,849,783  
France – 4.6%

 

AKWEL(a)

     16,287        233,270  

Chargeurs SA

     43,643        507,073  

Coface SA

     195,677      1,885,319  

Fnac Darty SA

     14,376        399,970  

Groupe SFPI

     84,100        173,016  

IPSOS

     46,191        2,077,021  

Kaufman & Broad SA(a)

     20,370        402,103  

Lectra

     8,615        239,687  

Maisons du Monde SA(a)(b)

     20,821        165,116  

Mersen SA

     13,830        386,811  

Quadient SA

     26,992        376,280  

Television Francaise 1

     189,132        1,092,244  
     

 

 

 
Total France               7,937,910  
Germany – 7.6%

 

Aareal Bank AG

     27,389        885,980  

AURELIUS Equity Opportunities SE & Co. KGaA

     36,630        684,319  

Bilfinger SE

     83,778        2,117,486  

CANCOM SE

     14,105        336,605  

CropEnergies AG

     84,371        1,018,298  

Deutsche Pfandbriefbank AG(b)

     99,513        691,189  

DIC Asset AG

     55,590        423,144  

Eckert & Ziegler Strahlen – und Medizintechnik AG

     3,191        107,474  

Encavis AG

     72,771        1,317,441  

GFT Technologies SE

     6,328        190,936  

GRENKE AG

     11,548        211,553  

Hamborner REIT AG

     97,982        677,676  

Hamburger Hafen und Logistik AG

     54,231        592,902  

Hensoldt AG

     30,064        605,243  

Hornbach Holding AG & Co. KGaA

     8,853        558,531  

Instone Real Estate Group SE(b)

     23,244        193,781  

Jenoptik AG

     13,484        268,683  

JOST Werke AG(b)

     8,901        311,299  

MLP SE

     45,051        229,498  

Mutares SE & Co. KGaA(a)

     26,262        382,826  

NORMA Group SE

     18,116        245,446  

PATRIZIA SE

     33,944        350,489  

Wacker Neuson SE

     47,627        628,480  

Wuestenrot & Wuerttembergische AG

     19,667        262,413  
     

 

 

 
Total Germany               13,291,692  
Ireland – 0.5%

 

Kenmare Resources PLC

     70,470        307,582  

Origin Enterprises PLC

     101,406        360,116  

Uniphar PLC*(a)

     65,190        201,170  
     

 

 

 
Total Ireland               868,868  
Italy – 11.3%

 

Alerion Cleanpower SpA(a)

     21,545        697,572  

Anima Holding SpA(b)

     679,453        1,950,284  

Ascopiave SpA

     82,649        170,840  

Avio SpA(a)

     19,990        179,970  

Banca IFIS SpA

     48,248        537,889  

Banca Popolare di Sondrio SpA(a)

     322,712        1,072,363  

BFF Bank SpA(b)

     600,939        4,015,000  

Cairo Communication SpA

     129,526        179,169  

Credito Emiliano SpA

     262,808        1,490,692  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments (unaudited) (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2022

 

 

 

Investments    Shares      Value  

Danieli & C. Officine Meccaniche SpA, RSP

     28,999      $ 347,724  

Datalogic SpA(a)

     18,650        119,306  

doValue SpA(b)

     74,629        396,258  

El.En. SpA

     22,444        255,492  

Emak SpA

     187,082        163,664  

Esprinet SpA

     67,401        414,004  

Gruppo MutuiOnline SpA

     15,926        313,286  

GVS SpA*(a)(b)

     56,861        335,894  

Maire Tecnimont SpA(a)

     315,182        746,601  

MARR SpA

     32,365        306,601  

Piaggio & C. SpA

     549,281        1,117,102  

RAI Way SpA(b)

     235,139        1,076,674  

Salcef Group SpA

     54,226        745,840  

Sanlorenzo SpA

     13,232        427,122  

SOL SpA

     43,427        667,929  

Technogym SpA(a)(b)

     135,684        853,364  

Tinexta SpA(a)

     8,233        154,373  

Unieuro SpA(a)(b)

     71,550        719,164  

Zignago Vetro SpA

     21,548        233,471  
     

 

 

 
Total Italy               19,687,648  
Netherlands – 5.3%

 

AMG Advanced Metallurgical Group NV

     7,376        168,219  

Brunel International NV

     35,404        296,891  

Eurocommercial Properties NV

     38,406        766,033  

Heijmans NV, CVA(a)

     64,329        603,100  

Ordina NV

     286,745        1,074,480  

PostNL NV(a)

     2,275,163        3,840,331  

RHI Magnesita NV

     53,352        1,005,914  

TKH Group NV, CVA

     27,365        895,391  

Wereldhave NV(a)

     46,062        530,214  
     

 

 

 
Total Netherlands               9,180,573  
Norway – 5.5%

 

ABG Sundal Collier Holding ASA

     684,733        346,851  

Atea ASA*

     83,185        741,984  

Austevoll Seafood ASA

     130,509        883,254  

Bonheur ASA

     16,599        470,678  

Borregaard ASA

     52,691        621,814  

Europris ASA(b)

     239,229        1,195,349  

Kid ASA(b)

     47,923        322,353  

Kitron ASA(a)

     277,385        479,055  

Komplett Bank ASA*(a)

     328,048        152,626  

Multiconsult ASA(b)

     30,449        368,833  

Selvaag Bolig ASA

     53,108        154,734  

SpareBank 1 Nord Norge

     55,556        416,011  

SpareBank 1 SMN

     48,924        500,139  

Sparebanken Vest

     50,674        380,383  

TGS ASA

     204,308        2,512,310  
     

 

 

 
Total Norway               9,546,374  
Peru – 0.1%

 

Hochschild Mining PLC

     242,139        159,477  
Portugal – 2.3%

 

Altri SGPS SA

     281,212        1,425,657  

Corticeira Amorim SGPS SA

     29,802      265,679  

CTT – Correios de Portugal SA(a)

     81,984        217,655  

Sonae SGPS SA

     2,693,236        2,175,384  
     

 

 

 
Total Portugal               4,084,375  
Spain – 3.8%

 

Aedas Homes SA(b)

     74,938        1,068,893  

Applus Services SA

     79,956        449,216  

Audax Renovables SA*(a)

     227,655        186,223  

ContourGlobal PLC(b)

     212,754        598,493  

Faes Farma SA

     264,466        961,202  

Linea Directa Aseguradora SA Cia de Seguros y Reaseguros

     659,586        621,609  

Neinor Homes SA(a)(b)

     91,382        835,243  

Pharma Mar SA

     5,059        269,411  

Sacyr SA(a)

     752,637        1,650,124  
     

 

 

 
Total Spain               6,640,414  
Sweden – 11.2%

 

AcadeMedia AB(b)

     97,859        425,915  

Akelius Residential Property AB, Class D(a)

     284,420        461,972  

Alimak Group AB(a)(b)

     28,262        151,019  

Ambea AB(b)

     59,286        208,349  

Beijer Alma AB

     33,770        443,673  

Bergman & Beving AB

     27,593        205,378  

Bilia AB, Class A

     125,132        1,439,906  

BioGaia AB, Class B

     21,315        147,894  

Biotage AB

     10,294        154,723  

Bonava AB, Class B(a)

     101,990        240,971  

Bufab AB

     13,662        247,449  

Byggmax Group AB

     104,825        352,329  

Catena AB

     25,814        769,942  

Clas Ohlson AB, Class B(a)

     126,235        758,149  

Cloetta AB, Class B

     246,879        391,758  

Coor Service Management Holding AB(b)

     108,334        737,521  

Dios Fastigheter AB

     172,050        1,092,221  

Dustin Group AB(a)(b)

     70,665        280,049  

Eolus Vind AB, Class B(a)

     9,477        100,257  

Fagerhult AB

     56,308        189,765  

Ferronordic AB(a)

     22,850        59,712  

G5 Entertainment AB(a)

     3,855        66,036  

GARO AB(a)

     4,954        43,815  

Granges AB

     37,654        243,279  

HMS Networks AB

     9,277        252,124  

Instalco AB(a)

     48,810        197,241  

Inwido AB

     72,157        572,184  

JM AB

     74,665        1,040,836  

Karnov Group AB*

     57,522        281,973  

KNOW IT AB

     14,071        283,259  

Lagercrantz Group AB, Class B(a)

     59,966        527,658  

Lindab International AB

     45,869        515,419  

Loomis AB

     59,707        1,475,257  

Midsona AB, Class B

     53,625        75,092  

MIPS AB(a)

     4,329        130,133  

Munters Group AB(a)(b)

     60,567        426,520  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2022

 

 

 

Investments    Shares      Value  

Mycronic AB

     41,129      $ 500,330  

NCC AB, Class B

     103,164        746,481  

Nobia AB

     180,362        339,352  

Nordic Waterproofing Holding AB(a)

     24,914        336,303  

Paradox Interactive AB

     25,176        403,020  

Platzer Fastigheter Holding AB, Class B

     46,620        281,463  

Pricer AB, Class B(a)

     135,251        214,500  

Ratos AB, Class B

     134,615        462,040  

Rottneros AB(a)

     236,817        289,366  

Scandi Standard AB*

     60,514        253,344  

Troax Group AB

     16,069        228,202  

Vitec Software Group AB, Class B

     5,712        169,649  

Volati AB

     25,877        229,215  
     

 

 

 
Total Sweden               19,443,043  
Switzerland – 4.3%

 

Arbonia AG(a)

     68,958        793,096  

Comet Holding AG, Registered Shares

     1,233        181,395  

EFG International AG

     80,115        638,967  

Huber + Suhner AG, Registered Shares

     14,946        1,193,554  

Landis + Gyr Group AG*

     30,637        1,674,646  

Mobilezone Holding AG, Registered Shares

     90,276        1,366,637  

Valiant Holding AG, Registered Shares

     14,579        1,392,356  

Zehnder Group AG

     5,822        298,124  
     

 

 

 
Total Switzerland               7,538,775  
United Kingdom – 26.5%

 

AJ Bell PLC

     166,412        500,081  

Alliance Pharma PLC

     314,950        195,126  

Anglo Asian Mining PLC

     139,379        111,246  

Bloomsbury Publishing PLC

     78,281        320,266  

Bodycote PLC

     106,889        555,077  

Central Asia Metals PLC

     389,020        942,350  

Chemring Group PLC

     100,116        317,397  

Chesnara PLC

     134,255        411,390  

Clarkson PLC

     21,872        642,133  

CLS Holdings PLC

     243,157        378,382  

Coats Group PLC

     709,531        403,153  

Concentric AB

     16,057        257,838  

Craneware PLC

     9,579        206,376  

Currys PLC(a)

     615,695        389,355  

Devro PLC

     235,988        437,299  

DiscoverIE Group PLC(a)

     25,162        182,012  

Diversified Energy Co. PLC

     2,819,973        4,082,871  

Domino’s Pizza Group PLC

     327,642        814,152  

Drax Group PLC

     469,064        3,144,313  

EMIS Group PLC

     55,981        1,181,090  

Essentra PLC

     135,587        276,375  

Euromoney Institutional Investor PLC

     41,826        673,275  

FDM Group Holdings PLC

     94,173        659,135  

Ferrexpo PLC

     1,554,652        2,110,316  

Forterra PLC(b)

     118,903        310,591  

Galliford Try Holdings PLC

     119,368        195,878  

Gamma Communications PLC

     14,638        172,555  

Gateley Holdings PLC

     82,806        177,940  

GB Group PLC

     32,280      219,448  

Genuit Group PLC

     77,824        253,240  

Halfords Group PLC

     88,749        130,575  

Harworth Group PLC

     131,655        177,829  

Headlam Group PLC

     51,632        133,141  

Helical PLC

     71,988        286,082  

Hill & Smith Holdings PLC

     46,903        476,979  

Hilton Food Group PLC

     65,804        392,995  

Hunting PLC

     122,818        320,132  

Ibstock PLC(b)

     197,313        361,668  

IG Design Group PLC(a)

     64,247        55,224  

Impax Asset Management Group PLC(a)

     45,594        267,207  

IntegraFin Holdings PLC

     118,660        291,147  

International Personal Finance PLC

     116,565        107,480  

Jadestone Energy PLC

     212,704        163,835  

James Fisher & Sons PLC*

     21,250        66,894  

James Halstead PLC(a)

     99,664        229,741  

Jupiter Fund Management PLC

     844,342        865,722  

Keller Group PLC

     53,849        378,703  

Liontrust Asset Management PLC

     28,532        232,825  

LSL Property Services PLC

     34,130        99,820  

Luceco PLC(b)

     87,545        81,113  

Marshalls PLC

     58,926        192,470  

Mattioli Woods PLC

     50,286        353,646  

MJ Gleeson PLC

     30,905        142,137  

Moneysupermarket.com Group PLC

     643,840        1,335,378  

Morgan Advanced Materials PLC

     133,261        337,683  

Morgan Sindall Group PLC

     48,854        806,038  

Mortgage Advice Bureau Holdings Ltd.

     31,635        224,598  

NCC Group PLC

     149,425        364,465  

Next Fifteen Communications Group PLC(a)

     28,613        249,137  

Norcros PLC

     75,013        138,166  

Numis Corp. PLC

     82,134        212,712  

Oxford Instruments PLC

     13,664        272,116  

Pan African Resources PLC(a)

     2,350,546        459,185  

Paragon Banking Group PLC

     230,473        1,015,729  

PayPoint PLC

     96,538        646,592  

Polar Capital Holdings PLC

     153,425        710,763  

Premier Foods PLC

     203,250        216,224  

Premier Miton Group PLC(a)

     143,820        170,179  

PZ Cussons PLC

     290,392        632,769  

Reach PLC

     136,476        105,501  

Record PLC

     191,475        145,987  

Redde Northgate PLC

     333,027        1,076,239  

Renew Holdings PLC

     54,124        344,386  

Robert Walters PLC

     36,963        188,979  

Sabre Insurance Group PLC(b)

     456,750        494,574  

Serco Group PLC

     499,711        871,884  

Serica Energy PLC

     140,235        586,258  

Smart Metering Systems PLC

     87,282        783,360  

Spirent Communications PLC

     229,322        671,723  

SThree PLC

     62,423        239,709  

TBC Bank Group PLC

     39,401        733,642  

Telecom Plus PLC

     83,009        1,599,362  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (unaudited) (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

September 30, 2022

 

 

 

Investments    Shares      Value  

TI Fluid Systems PLC(a)(b)

     332,595      $ 449,243  

TT Electronics PLC

     117,380        184,492  

Tyman PLC

     149,949        329,420  

UP Global Sourcing Holdings PLC

     91,512        102,359  

Vesuvius PLC

     268,131        926,079  

VIDENDUM PLC(a)

     19,594        263,348  

Volex PLC

     37,011        100,809  

Watkin Jones PLC

     259,828        438,549  

Wincanton PLC

     118,244        386,087  

Workspace Group PLC

     95,195        423,577  

XPS Pensions Group PLC

     280,781        401,198  

YouGov PLC

     14,438        141,831  
     

 

 

 
Total United Kingdom               46,108,355  
TOTAL COMMON STOCKS
(Cost: $260,956,746)
              171,281,324  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.0%

 

United States – 7.0%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 3.07%(c)

 

(Cost: $12,242,097)      12,242,097      12,242,097  
TOTAL INVESTMENTS IN SECURITIES – 105.4%
(Cost: $273,198,843)

 

     183,523,421  

Other Assets less Liabilities – (5.4)%

        (9,441,300
     

 

 

 
NET ASSETS – 100.0%             $ 174,082,121  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $17,629,333. The Fund also had securities on loan having a total market value of $38,577 that were sold and pending settlement. The total market value of the collateral held by the Fund was $19,761,907. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,519,810.

 

(b)

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

 

(c)

Rate shown represents annualized 7-day yield as of September 30, 2022.

 

INVESTMENT IN AFFILIATES     

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2022 were as follows:

 

Affiliate    Value at
3/31/2022
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
9/30/2022
     Dividend
Income
 

WisdomTree International MidCap Dividend Fund^

   $ 1,141,154      $ 4,805,674      $ 5,522,597      $ (433,666    $ 9,435      $      $ 57,688  
^ 

As of September 30,2022, the Fund did not hold a position in this affiliate.

 

FAIR VALUATION SUMMARY     

The following is a summary of the fair valuations according to the inputs used as of September 30, 2022 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted

Prices in

Active

Markets

(Level 1)

    

Other

Significant

Observable

Inputs

(Level 2)

    

Significant
Unobservable

Inputs

(Level 3)

     Total  

Assets:

 

     

Investments in Securities

 

     

Common Stocks

   $ 171,281,324      $      $      $ 171,281,324  

Investment of Cash Collateral for Securities Loaned

            12,242,097               12,242,097  

Total Investments in Securities

   $ 171,281,324      $ 12,242,097      $      $ 183,523,421  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (unaudited)

WisdomTree International AI Enhanced Value Fund (AIVI)

September 30, 2022

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 95.4%

 

Australia – 7.1%

 

Aurizon Holdings Ltd.

     1,027,431      $ 2,279,024  

Australia & New Zealand Banking Group Ltd.(a)

     16,987        249,017  

Dexus

     32,663        162,125  

Lendlease Corp. Ltd.

     34,429        197,454  

National Australia Bank Ltd.

     17,525        324,623  

Origin Energy Ltd.

     56,036        186,267  

Sonic Healthcare Ltd.

     71,454