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WisdomTree Trust

Semi-Annual Report

September 30, 2021

 

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

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

WisdomTree Emerging Markets High Dividend Fund (DEM)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

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

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

WisdomTree Global High Dividend Fund (DEW)

WisdomTree Growth Leaders Fund (PLAT)

WisdomTree India Earnings Fund (EPI)

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


Table of Contents

Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  

Performance Summary (unaudited)

       2  

Description of Terms and Indexes (unaudited)

       14  
Schedules of Investments (unaudited)     

WisdomTree China ex-State-Owned Enterprises Fund

       17  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       21  

WisdomTree Emerging Markets High Dividend Fund

       28  

WisdomTree Emerging Markets Multifactor Fund

       34  

WisdomTree Emerging Markets Quality Dividend Growth Fund

       38  

WisdomTree Emerging Markets SmallCap Dividend Fund

       42  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

       51  

WisdomTree Global ex-U.S. Real Estate Fund

       56  

WisdomTree Global High Dividend Fund

       59  

WisdomTree Growth Leaders Fund

       66  

WisdomTree India Earnings Fund (consolidated)

       68  

WisdomTree India ex-State-Owned Enterprises Fund

       75  

Statements of Assets and Liabilities (unaudited)

       78  

Statements of Operations (unaudited)

       81  

Statements of Changes in Net Assets (unaudited)

       84  

Financial Highlights (unaudited)

       88  

Notes to Financial Statements (unaudited)

       94  

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

       107  

General Information (unaudited)

       110  

 

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


Table of Contents

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, 2021 to September 30, 2021. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 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  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    31.2%  

Communication Services

    19.2%  

Health Care

    15.1%  

Information Technology

    8.5%  

Financials

    8.1%  

Industrials

    6.6%  

Consumer Staples

    5.5%  

Real Estate

    4.1%  

Utilities

    0.8%  

Materials

    0.6%  

Energy

    0.1%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    11.8%  

Alibaba Group Holding Ltd.

    5.7%  

Meituan, Class B

    5.3%  

JD.com, Inc., ADR

    3.3%  

Wuxi Biologics Cayman, Inc.

    3.1%  

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

    2.5%  

Baidu, Inc., ADR

    2.5%  

Contemporary Amperex Technology Co., Ltd., Class A

    2.3%  

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

    2.2%  

NIO, Inc., ADR

    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 China ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 834.70        0.32   $ 1.47  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.46        0.32   $ 1.62  

Performance

 

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

Fund NAV Returns

       -16.53      -3.38      15.18      16.43      10.41

Fund Market Price Returns

       -17.49      -4.14      15.30      16.27      10.31

WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index2

       -16.64      -3.57      14.40      16.13      10.71

MSCI China Index

       -16.31      -7.33      5.95      9.12      7.73

FTSE China 50 Index

       -14.86      -3.78      -0.28      4.05      4.43
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 19, 2012.

 

2 

WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter.

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

 

2   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    22.9%  

Consumer Discretionary

    18.1%  

Financials

    14.0%  

Communication Services

    13.0%  

Materials

    7.2%  

Health Care

    6.8%  

Consumer Staples

    6.7%  

Energy

    4.7%  

Industrials

    4.6%  

Real Estate

    1.7%  

Utilities

    0.8%  

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  

Taiwan Semiconductor Manufacturing Co., Ltd.

    6.6%  

Tencent Holdings Ltd.

    5.6%  

Samsung Electronics Co., Ltd.

    5.1%  

Alibaba Group Holding Ltd.

    4.6%  

Reliance Industries Ltd., GDR

    1.8%  

Meituan, Class B

    1.8%  

Infosys Ltd., ADR

    1.4%  

Lukoil PJSC, ADR

    1.2%  

Housing Development Finance Corp., Ltd.

    1.2%  

JD.com, Inc., ADR

    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 Emerging Markets ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in emerging market companies that are not state-owned enterprises, which is defined as government ownership of more than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 942.70        0.32   $ 1.56  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.46        0.32   $ 1.62  

Performance

 

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

Fund NAV Returns

       -5.73      14.19      11.81      11.64      8.27

Fund Market Price Returns

       -7.29      12.40      11.53      11.52      8.30

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       -5.41      15.34      12.27      12.24      9.27

MSCI Emerging Markets Index

       -3.45      18.20      8.58      9.23      6.49
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 10, 2014.

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

 

WisdomTree Trust      3  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    28.4%  

Materials

    19.5%  

Information Technology

    13.9%  

Utilities

    7.0%  

Energy

    6.8%  

Communication Services

    6.3%  

Real Estate

    5.4%  

Consumer Staples

    4.4%  

Industrials

    4.1%  

Consumer Discretionary

    3.0%  

Health Care

    0.3%  

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  

Sberbank of Russia PJSC, ADR

    7.3%  

Vale S.A.

    5.3%  

Hon Hai Precision Industry Co., Ltd.

    4.0%  

MMC Norilsk Nickel PJSC, ADR

    3.4%  

China Construction Bank Corp., Class H

    2.8%  

Rosneft Oil Co. PJSC, GDR

    2.1%  

Industrial & Commercial Bank of China Ltd., Class H

    2.0%  

Formosa Plastics Corp.

    1.5%  

Power Grid Corp. of India Ltd.

    1.5%  

Fubon Financial Holding Co., Ltd.

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

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,031.60        0.64   $ 3.26  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.86        0.64   $ 3.24  

Performance

 

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

Fund NAV Returns

       3.16      31.28      4.99      8.11      3.45

Fund Market Price Returns

       2.05      29.84      4.93      7.80      3.54

WisdomTree Emerging Markets High Dividend Index

       3.64      33.02      6.04      8.96      4.41

MSCI Emerging Markets Index

       -3.45      18.20      8.58      9.23      6.09
*

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


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    19.3%  

Financials

    17.4%  

Consumer Discretionary

    12.9%  

Communication Services

    9.2%  

Materials

    9.1%  

Consumer Staples

    8.0%  

Health Care

    6.7%  

Industrials

    5.8%  

Energy

    5.6%  

Utilities

    4.5%  

Real Estate

    1.5%  

Other Assets less Liabilities‡

    0.0%

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.7%  

China Development Financial Holding Corp.

    2.1%  

Cathay Financial Holding Co., Ltd.

    1.9%  

Yum China Holdings, Inc.

    1.9%  

Zhongsheng Group Holdings Ltd.

    1.8%  

Samsung Electronics Co., Ltd.

    1.7%  

Tencent Holdings Ltd.

    1.6%  

Alibaba Group Holding Ltd.

    1.5%  

Vipshop Holdings Ltd., ADR

    1.2%  

China Hongqiao Group Ltd.

    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 Emerging Markets Multifactor Fund (the “Fund”) seeks capital appreciation by investing in equity securities of emerging markets countries with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,002.70        0.48   $ 2.41  

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      Since Inception1  

Fund NAV Returns

       0.27      20.52      3.54      3.42

Fund Market Price Returns

       -1.14      18.96      3.25      3.34

MSCI Emerging Markets Index

       -3.45      18.20      8.58      7.83
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

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

 

WisdomTree Trust      5  


Table of Contents

Performance Summary

 

as

of September 30, 2021 (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    24.2%  

Financials

    12.7%  

Consumer Staples

    11.0%  

Communication Services

    9.2%  

Materials

    8.3%  

Industrials

    8.3%  

Consumer Discretionary

    8.2%  

Health Care

    6.5%  

Energy

    4.6%  

Utilities

    4.2%  

Real Estate

    3.5%  

Other Assets less Liabilities‡

    -0.7%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    6.1%  

Tencent Holdings Ltd.

    4.1%  

Samsung Electronics Co., Ltd.

    3.8%  

Infosys Ltd.

    1.4%  

Reliance Industries Ltd.

    1.3%  

Tata Consultancy Services Ltd.

    1.0%  

JSW Steel Ltd.

    0.8%  

Zhongsheng Group Holdings Ltd.

    0.8%  

Bajaj Finance Ltd.

    0.8%  

Hon Hai Precision Industry Co., 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 Emerging Markets Quality Dividend Growth Fund (the “Fund”) seeks income and capital appreciation by investing in dividend-paying companies with growth characteristics in the emerging markets region.

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 966.80        0.32   $ 1.58  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.46        0.32   $ 1.62  

Performance

 

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

Fund NAV Returns

       -3.32      19.41      7.98      6.95      3.87

Fund Market Price Returns

       -4.22      18.64      8.21      6.59      3.62

MSCI Emerging Markets Index

       -3.45      18.20      8.58      9.23      5.83
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 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.

 

6   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    17.1%  

Industrials

    14.5%  

Materials

    14.1%  

Financials

    13.6%  

Utilities

    9.6%  

Consumer Discretionary

    8.9%  

Consumer Staples

    7.4%  

Real Estate

    7.1%  

Health Care

    3.0%  

Communication Services

    2.5%  

Energy

    2.0%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

China Power International Development Ltd.

    1.4%  

Wan Hai Lines Ltd.

    1.4%  

Transmissora Alianca de Energia Eletrica S.A.

    1.2%  

Dongyue Group Ltd.

    1.1%  

China Longyuan Power Group Corp., Ltd., Class H

    1.0%  

AVI Ltd.

    1.0%  

BNK Financial Group, Inc.

    0.9%  

Oil India Ltd.

    0.7%  

African Rainbow Minerals Ltd.

    0.7%  

Synnex Technology International Corp.

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

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,083.60        0.63   $ 3.29  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.91        0.63   $ 3.19  

Performance

 

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

Fund NAV Returns

       8.36      35.34      9.53      9.37      6.62

Fund Market Price Returns

       7.12      34.37      9.72      9.09      6.93

WisdomTree Emerging Markets SmallCap Dividend Index

       9.02      37.26      10.87      10.43      7.77

MSCI Emerging Markets Small Cap Index

       8.85      43.24      13.11      9.75      7.21
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      7  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.6%  

Health Care

    18.9%  

Industrials

    13.9%  

Consumer Discretionary

    10.2%  

Materials

    9.8%  

Consumer Staples

    9.8%  

Financials

    5.3%  

Communication Services

    4.2%  

Energy

    2.1%  

Utilities

    1.8%  

Real Estate

    0.5%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    -0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

ASML Holding N.V.

    4.7%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    4.6%  

Novo Nordisk A/S, Class B

    4.5%  

Unilever PLC

    4.2%  

Rio Tinto Ltd.

    3.6%  

RELX PLC

    3.5%  

Roche Holding AG

    3.5%  

Tokyo Electron Ltd.

    3.3%  

Canadian National Railway Co.

    2.9%  

Partners Group Holding AG

    2.8%  
*

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

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,063.60        0.58   $ 3.00  

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

       6.36      24.87      14.78      12.98      8.87

Fund Market Price Returns

       5.51      24.04      14.72      12.82      9.06

WisdomTree Global ex-U.S. Quality Dividend Growth Index

       6.61      25.76      15.50      13.76      9.58

MSCI AC World ex-USA Growth Index

       2.74      16.95      11.94      11.22      9.32

MSCI AC World ex-USA Index

       2.32      23.92      8.03      8.94      7.48
*

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


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Real Estate

    98.7%  

Consumer Discretionary

    0.5%  

Financials

    0.2%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Vonovia SE

    5.0%  

Sun Hung Kai Properties Ltd.

    3.7%  

Link REIT

    3.2%  

Daiwa House Industry Co., Ltd.

    2.9%  

Daito Trust Construction Co., Ltd.

    2.9%  

Deutsche Wohnen SE, Bearer Shares

    2.5%  

China Resources Land Ltd.

    2.3%  

Goodman Group

    2.3%  

Mitsui Fudosan Co., Ltd.

    2.1%  

Swiss Prime Site AG, Registered Shares

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

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 982.60        0.58   $ 2.88  

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

       -1.74      10.93      -0.25      3.17      6.56

Fund Market Price Returns

       -1.73      10.72      -0.28      3.09      6.76

WisdomTree International Real Estate/Global ex-U.S. Real Estate Spliced Index1

       -1.41      11.45      0.05      3.43      6.82

Dow Jones Global ex-U.S. Select Real Estate Securities Index

       5.17      23.76      3.49      2.88      6.34

MSCI AC World ex-USA Index

       2.32      23.92      8.03      8.94      7.48
*

Returns of less than one year are cumulative.

 

1 

WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate 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      9  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree Global High Dividend Fund (DEW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    27.4%  

Communication Services

    13.2%  

Consumer Staples

    10.5%  

Utilities

    8.3%  

Health Care

    7.8%  

Real Estate

    7.4%  

Information Technology

    6.8%  

Materials

    6.5%  

Energy

    6.3%  

Industrials

    3.7%  

Consumer Discretionary

    1.6%  

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  

AT&T, Inc.

    4.8%  

JPMorgan Chase & Co.

    3.9%  

Verizon Communications, Inc.

    3.1%  

Philip Morris International, Inc.

    2.9%  

Altria Group, Inc.

    2.4%  

Coca-Cola Co. (The)

    2.4%  

Citigroup, Inc.

    2.4%  

Pfizer, Inc.

    2.1%  

AbbVie, Inc.

    2.0%  

Cisco Systems, Inc.

    1.8%  
*

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

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

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,028.10        0.58   $ 2.95  

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

       2.81      29.48      4.40      6.07      6.50

Fund Market Price Returns

       2.49      28.94      4.41      5.89      6.60

WisdomTree Global High Dividend Index

       2.64      29.19      4.13      5.84      6.44

MSCI AC World Index

       6.26      27.44      12.58      13.20      11.90
*

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.

 

10   WisdomTree Trust


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree Growth Leaders Fund (PLAT)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    30.9%  

Communication Services

    27.7%  

Consumer Discretionary

    24.9%  

Financials

    8.3%  

Industrials

    4.5%  

Health Care

    2.9%  

Real Estate

    0.8%  

Other Assets less Liabilities‡

    0.0%

Total

    100.0%  

 

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

 

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

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    10.1%  

Apple, Inc.

    10.0%  

Alphabet, Inc., Class A

    9.9%  

Amazon.com, Inc.

    8.6%  

Facebook, Inc., Class A

    6.1%  

PayPal Holdings, Inc.

    2.4%  

salesforce.com, Inc.

    2.2%  

Upstart Holdings, Inc.

    1.7%  

Snap, Inc., Class A

    1.6%  

MercadoLibre, Inc.

    1.6%  
*

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

The WisdomTree Growth Leaders Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Growth Leaders Index (the “Index”). In seeking to track the Index, the Fund invests in high growth mid- and large-cap companies that are generating substantial revenue from a modern platform business. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,033.80        0.20   $ 1.02  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.07        0.20   $ 1.01  

Performance

 

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

Fund NAV Returns

       3.38      25.48      29.93

Fund Market Price Returns

       2.98      25.12      30.02

WisdomTree Growth Leaders Index2

       3.52      26.29      30.47

MSCI AC World Index

       6.26      27.44      17.35

S&P 500® Index

       9.18      30.00      21.09
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 22, 2019.

 

2 

Prior to August 1, 2020, the WisdomTree Growth Leaders Index was named the WisdomTree Modern Tech Platforms 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.

 

WisdomTree Trust      11  


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

WisdomTree India Earnings Fund (EPI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    25.0%  

Energy

    18.5%  

Materials

    15.5%  

Information Technology

    13.7%  

Utilities

    8.1%  

Industrials

    6.4%  

Health Care

    5.0%  

Consumer Discretionary

    4.4%  

Consumer Staples

    4.4%  

Communication Services

    1.7%  

Real Estate

    0.4%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    -3.1%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Reliance Industries Ltd.

    8.3%  

Housing Development Finance Corp., Ltd.

    5.4%  

Infosys Ltd.

    5.3%  

ICICI Bank Ltd.

    3.6%  

Tata Consultancy Services Ltd.

    3.1%  

NTPC Ltd.

    2.8%  

Indian Oil Corp., Ltd.

    2.0%  

Power Grid Corp. of India Ltd.

    2.0%  

Larsen & Toubro Ltd.

    1.9%  

Hindustan Petroleum Corp., Ltd.

    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 India Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index (the “Index”). In seeking to track the Index, the Fund invests in profitable companies in the Indian equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,208.70        0.84   $ 4.65  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.86        0.84   $ 4.26  

Performance

 

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

Fund NAV Returns

       20.87      62.31      17.18      12.86      8.27

Fund Market Price Returns

       19.13      59.93      16.95      12.74      8.59

WisdomTree India Earnings Index

       23.80      70.16      19.48      14.74      9.82

MSCI India Index

       20.35      53.12      17.26      13.23      9.19
*

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


Table of Contents

Performance Summary

as of September 30, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    28.6%  

Information Technology

    14.6%  

Materials

    13.9%  

Consumer Discretionary

    10.7%  

Consumer Staples

    10.7%  

Energy

    8.3%  

Health Care

    7.8%  

Communication Services

    4.8%  

Industrials

    2.5%  

Real Estate

    1.1%  

Utilities

    0.7%  

Other Assets less Liabilities‡

    -3.7%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Infosys Ltd.

    9.2%  

Reliance Industries Ltd.

    8.3%  

Housing Development Finance Corp., Ltd.

    7.4%  

ICICI Bank Ltd.

    5.3%  

Hindustan Unilever Ltd.

    3.9%  

Kotak Mahindra Bank Ltd.

    3.5%  

Bajaj Finance Ltd.

    3.3%  

Bharti Airtel Ltd.

    2.9%  

Axis Bank Ltd.

    2.6%  

Asian Paints Ltd.

    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 India ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Indian companies that are not state-owned, which is defined as government ownership greater than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

Shareholder Expense Example (for the six-month period ended September 30, 2021)

 

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

Actual

   $ 1,000.00      $ 1,186.60        0.58   $ 3.18  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

     18.66      48.31      16.44

Fund Market Price Returns

     17.11      45.84      15.65

WisdomTree India ex-State-Owned Enterprises Index

     20.84      57.51      20.83

MSCI India Index

     20.35      53.12      16.57
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 4, 2019.

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

 

WisdomTree Trust      13  


Table of Contents

Description of Terms and Indexes (unaudited)

 

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

Correlation is a statistical measure of how two sets of returns move in relation to each other. Correlation coefficients range from -1 to 1. A correlation of 1 means the two subjects of analysis move in lockstep with each other. A correlation of -1 means the two subjects of analysis have moved in exactly the opposite direction.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.

Factors generally are attributes that are based on its fundamentals or share price behavior.

The FTSE China 50 Index is a capitalization weighted index that is comprised of the 50 largest and most liquid Chinese securities.

Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.

Momentum is generally characterized by assets with recent price increase trends over time. This term is also associated with the momentum factor which associates these stock characteristics with excess return vs. the market over time.

The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI AC World ex-USA Index is a free float-adjusted market capitalization-weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the U.S.

The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.

The MSCI China Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the Chinese equity market.

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

The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.

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

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

The WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the Financials sector.

The WisdomTree China ex-State-Owned Enterprises Index measures the performance of Chinese stocks that are not state-owned enterprises. WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises.” WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

 

14   WisdomTree Trust


Table of Contents

Description of Terms and Indexes (unaudited) (continued)

 

The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Global ex-U.S. Quality Dividend Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.

The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.

The WisdomTree Global High Dividend Index is comprised of high dividend-paying companies selected from the WisdomTree Global Dividend Index.

The WisdomTree Growth Leaders Index is a modified market capitalization-weighted index that is designed to provide exposure to mid and large-cap companies that are leveraging platform-based business models with high revenue growth.

The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.

The WisdomTree India ex-State-Owned Enterprises Index measures the performance of Indian stocks that are not state-owned enterprises. State-owned enterprises are defined as government ownership of more than 20% of outstanding shares of companies.

The WisdomTree International Real Estate Index is comprised of companies in developed markets outside of the U.S. and Canada that pay regular cash dividends and that WisdomTree Investments classifies as being part of the International Real Estate sector.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

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

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

WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the

 

WisdomTree Trust      15  


Table of Contents

Description of Terms and Indexes (unaudited) (concluded)

 

advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.

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

* * * * * *

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

 

CURRENCY ABBREVIATIONS:                    
AUD   Australian dollar   CNY     Chinese yuan     MYR   Malaysian ringgit
BRL   Brazilian real   HKD     Hong Kong dollar     PHP   Philippine peso
CAD   Canadian dollar   INR     Indian rupee     SEK   Swedish krona
CHF   Swiss franc   KRW     South Korean won     TWD   New Taiwan dollar
CLP   Chilean peso   MXN     Mexican peso     USD   U.S. Dollar
             
OTHER ABBREVIATIONS:                              
ADR   American Depositary Receipt
CVA   Certificaten Van Aandelen (Certificate of Stock)
GDR   Global Depositary Receipt    
NVDR   Non-Voting Depositary Receipt    
RSP   Risparmio Italian Savings Shares    

 

16   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

China – 99.8%

 

Air Freight & Logistics – 1.4%

 

SF Holding Co., Ltd., Class A

     536,061      $ 5,421,042  

ZTO Express Cayman, Inc., ADR

     265,035        8,125,973  
     

 

 

 
Total Air Freight & Logistics

 

     13,547,015  
Auto Components – 0.6%

 

Fuyao Glass Industry Group Co., Ltd., Class A

     391,267        2,558,132  

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

     317,600        1,699,247  

Minth Group Ltd.

     372,000        1,271,117  

Tianneng Power International Ltd.(b)

     342,000        383,092  
     

 

 

 
Total Auto Components

 

     5,911,588  
Automobiles – 5.3%

 

BYD Co., Ltd., Class A

     201,688        7,787,373  

BYD Co., Ltd., Class H

     340,500        10,628,802  

Geely Automobile Holdings Ltd.

     2,388,000        6,856,031  

Great Wall Motor Co., Ltd., Class H

     1,210,500        4,462,802  

NIO, Inc., ADR*

     568,169        20,243,861  

Yadea Group Holdings Ltd.(a)

     338,000        552,287  
     

 

 

 
Total Automobiles

 

     50,531,156  
Banks – 1.6%

 

China Minsheng Banking Corp., Ltd., Class A

     9,695,536        5,866,398  

China Minsheng Banking Corp., Ltd., Class H(b)

     3,700,100        1,487,712  

Ping An Bank Co., Ltd., Class A

     2,706,900        7,510,614  
     

 

 

 
Total Banks

 

     14,864,724  
Biotechnology – 3.4%

 

BeiGene Ltd.*

     379,800        10,782,219  

Chongqing Zhifei Biological Products Co., Ltd., Class A

     193,700        4,765,653  

Hualan Biological Engineering, Inc., Class A

     323,625        1,397,234  

Innovent Biologics, Inc.*(a)

     520,000        5,043,258  

Shenzhen Kangtai Biological Products Co., Ltd., Class A

     117,600        2,004,177  

Walvax Biotechnology Co., Ltd., Class A

     445,800        4,358,556  

Zai Lab Ltd., ADR*(b)

     38,687        4,077,223  
     

 

 

 
Total Biotechnology

 

     32,428,320  
Building Products – 0.5%

 

China Lesso Group Holdings Ltd.

     670,000        1,074,114  

Xinyi Glass Holdings Ltd.

     1,257,000        3,762,288  
     

 

 

 
Total Building Products

 

     4,836,402  
Capital Markets – 1.7%

 

East Money Information Co., Ltd., Class A

     2,450,714        13,034,523  

Futu Holdings Ltd., ADR*(b)

     35,062        3,191,343  
     

 

 

 
Total Capital Markets

 

     16,225,866  
Communications Equipment – 0.2%

 

BYD Electronic International Co., Ltd.(b)

     368,000        1,297,631  

Shenzhen Sunway Communication Co., Ltd., Class A

     260,200        907,578  
     

 

 

 
Total Communications Equipment

 

     2,205,209  
Construction & Engineering – 0.5%

 

China Conch Venture Holdings Ltd.

     936,363      4,336,211  
Construction Materials – 0.3%

 

Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A

     381,300        2,615,107  
Diversified Consumer Services – 0.3%

 

Fu Shou Yuan International Group Ltd.

     774,000        645,277  

Gaotu Techedu, Inc., ADR*(b)

     46,411        142,482  

Koolearn Technology Holding Ltd.*(a)

     202,500        109,513  

New Oriental Education & Technology Group, Inc., ADR*

     696,853        1,428,549  

TAL Education Group, ADR*

     193,164        934,914  
     

 

 

 
Total Diversified Consumer Services

 

     3,260,735  
Electrical Equipment – 2.3%

 

Contemporary Amperex Technology Co., Ltd., Class A

     271,059        22,052,080  
Electronic Equipment, Instruments & Components – 3.3%

 

AAC Technologies Holdings, Inc.(b)

     412,000        1,966,151  

GoerTek, Inc., Class A

     753,000        5,022,214  

Kingboard Holdings Ltd.

     398,000        1,802,201  

Lens Technology Co., Ltd., Class A

     572,200        1,852,390  

Luxshare Precision Industry Co., Ltd., Class A

     1,341,476        7,413,029  

Sunny Optical Technology Group Co., Ltd.

     397,700        10,462,765  

Wingtech Technology Co., Ltd., Class A

     196,300        2,845,099  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     31,363,849  
Energy Equipment & Services – 0.0%

 

China Common Rich Renewable Energy Investments Ltd.*(b)

     502,000        0  
Entertainment – 3.8%

 

Alibaba Pictures Group Ltd.*(b)

     6,470,000        731,388  

Bilibili, Inc., ADR*(b)

     127,114        8,411,133  

DouYu International Holdings Ltd., ADR*

     58,067        191,040  

HUYA, Inc., ADR*

     54,882        457,716  

iQIYI, Inc., ADR*(b)

     195,448        1,569,448  

Kingsoft Corp., Ltd.(b)

     511,200        2,038,982  

NetEase, Inc., ADR

     223,868        19,118,327  

Tencent Music Entertainment Group, ADR*

     378,511        2,744,205  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A

     416,300        1,352,203  
     

 

 

 
Total Entertainment

 

     36,614,442  
Food & Staples Retailing – 0.1%

 

Sun Art Retail Group Ltd.(b)

     1,296,000        599,333  
Food Products – 5.2%

 

China Feihe Ltd.(a)

     1,707,000        2,881,309  

Dali Foods Group Co., Ltd.(a)

     1,037,500        626,393  

Foshan Haitian Flavouring & Food Co., Ltd., Class A

     378,051        6,435,259  

Guangdong Haid Group Co., Ltd., Class A

     240,403        2,507,395  

Henan Shuanghui Investment & Development Co., Ltd., Class A

     332,700        1,397,802  

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2021

 

 

 

Investments    Shares      Value  

Inner Mongolia Yili Industrial Group Co., Ltd., Class A

     1,602,600      $ 9,349,523  

Muyuan Foods Co., Ltd., Class A

     742,974        5,967,109  

New Hope Liuhe Co., Ltd., Class A*

     653,900        1,493,553  

Tingyi Cayman Islands Holding Corp.

     1,024,000        1,904,712  

Tongwei Co., Ltd., Class A

     701,858        5,532,624  

Uni-President China Holdings Ltd.

     793,000        754,835  

Want Want China Holdings Ltd.

     3,499,000        2,647,404  

Wens Foodstuffs Group Co., Ltd., Class A

     1,666,000        3,730,495  

WH Group Ltd.(a)

     4,796,683        3,419,754  

Yihai International Holding Ltd.*(b)

     252,000        1,403,300  
     

 

 

 
Total Food Products

 

     50,051,467  
Gas Utilities – 0.8%

 

ENN Energy Holdings Ltd.

     462,200        7,623,526  
Health Care Equipment & Supplies – 1.5%

 

AK Medical Holdings Ltd.(a)

     286,000        398,251  

Microport Scientific Corp.

     378,700        2,135,604  

Shandong Weigao Group Medical Polymer Co., Ltd., Class H(b)

     1,412,000        2,524,846  

Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A

     149,874        8,938,888  

Venus MedTech Hangzhou, Inc., Class H*(a)(b)

     159,500        823,659  
     

 

 

 
Total Health Care Equipment & Supplies

 

     14,821,248  
Health Care Providers & Services – 1.1%

 

Aier Eye Hospital Group Co., Ltd., Class A

     662,758        5,476,703  

Jinxin Fertility Group Ltd.*(a)(b)

     822,500        1,225,617  

Ping An Healthcare and Technology Co., Ltd.*(a)(b)

     162,800        1,058,195  

Topchoice Medical Corp., Class A*

     65,000        3,037,890  
     

 

 

 
Total Health Care Providers & Services

 

     10,798,405  
Hotels, Restaurants & Leisure – 3.0%

 

Haidilao International Holding Ltd.(a)(b)

     442,000        1,689,158  

Huazhu Group Ltd., ADR*(b)

     78,107        3,581,987  

Jiumaojiu International Holdings Ltd.(a)(b)

     351,000        1,061,840  

MGM China Holdings Ltd.*(b)

     402,400        250,187  

Tongcheng-Elong Holdings Ltd.*

     549,600        1,328,701  

Trip.com Group Ltd., ADR*

     248,598        7,644,388  

Yum China Holdings, Inc.

     219,249        12,740,559  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     28,296,820  
Household Durables – 1.5%

 

Gree Electric Appliances, Inc. of Zhuhai, Class A

     1,191,900        7,147,176  

Haier Smart Home Co., Ltd., Class A

     1,061,000        4,293,486  

TCL Technology Group Corp., Class A

     3,146,300        3,047,877  
     

 

 

 
Total Household Durables

 

     14,488,539  
Industrial Conglomerates – 0.2%

 

Fosun International Ltd.

     1,337,500        1,627,064  
Insurance – 4.9%

 

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

     2,874,794        21,513,743  

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

     3,491,500        23,883,203  

ZhongAn Online P&C Insurance Co., Ltd., Class H*(a)(b)

     349,300      1,438,095  
     

 

 

 
Total Insurance

 

     46,835,041  
Interactive Media & Services – 14.9%

 

Autohome, Inc., ADR

     33,487        1,571,545  

Baidu, Inc., ADR*

     154,357        23,732,389  

Hello Group, Inc., ADR

     99,570        1,053,451  

JOYY, Inc., ADR(b)

     34,531        1,893,335  

Tencent Holdings Ltd.

     1,902,900        112,785,810  

Weibo Corp., ADR*(b)

     32,739        1,554,775  
     

 

 

 
Total Interactive Media & Services

 

     142,591,305  
Internet & Direct Marketing Retail – 16.5%

 

Alibaba Group Holding Ltd.*

     3,005,300        54,896,965  

Baozun, Inc., ADR*(b)

     20,529        359,873  

JD.com, Inc., ADR*

     442,502        31,966,345  

Meituan, Class B*(a)

     1,585,200        50,215,529  

Pinduoduo, Inc., ADR*

     204,578        18,549,087  

Vipshop Holdings Ltd., ADR*

     183,703        2,046,452  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     158,034,251  
IT Services – 0.6%

 

Chinasoft International Ltd.*

     1,310,000        2,315,531  

GDS Holdings Ltd., ADR*

     68,702        3,889,220  
     

 

 

 
Total IT Services

 

     6,204,751  
Life Sciences Tools & Services – 6.1%

 

Genscript Biotech Corp.*

     686,000        2,643,664  

Hangzhou Tigermed Consulting Co., Ltd., Class A

     145,367        3,914,155  

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

     71,200        1,703,938  

WuXi AppTec Co., Ltd., Class A

     636,147        15,041,938  

WuXi AppTec Co., Ltd., Class H(a)

     207,795        4,860,780  

Wuxi Biologics Cayman, Inc.*(a)

     1,835,000        29,818,618  
     

 

 

 
Total Life Sciences Tools & Services

 

     57,983,093  
Machinery – 1.3%

 

Haitian International Holdings Ltd.

     357,000        1,102,921  

Sany Heavy Industry Co., Ltd., Class A

     1,802,848        7,097,398  

Shenzhen Inovance Technology Co., Ltd., Class A

     479,100        4,670,783  
     

 

 

 
Total Machinery

 

     12,871,102  
Marine – 0.3%

 

SITC International Holdings Co., Ltd.

     721,000        2,588,678  
Media – 0.5%

 

China Literature Ltd.*(a)(b)

     218,200        1,664,953  

Focus Media Information Technology Co., Ltd., Class A

     3,005,424        3,404,394  
     

 

 

 
Total Media

 

     5,069,347  
Metals & Mining – 0.2%

 

China Hongqiao Group Ltd.

     1,160,000        1,493,092  
Oil, Gas & Consumable Fuels – 0.1%

 

United Energy Group Ltd.(b)

     4,426,000        568,555  
Paper & Forest Products – 0.2%

 

Nine Dragons Paper Holdings Ltd.

     1,237,000        1,523,875  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2021

 

 

 

Investments    Shares      Value  
Personal Products – 0.2%

 

Hengan International Group Co., Ltd.

     390,500      $ 2,091,790  
Pharmaceuticals – 2.9%

 

China Medical System Holdings Ltd.

     786,000        1,433,745  

CSPC Pharmaceutical Group Ltd.

     4,935,520        5,921,622  

Hansoh Pharmaceutical Group Co., Ltd.(a)

     628,000        1,597,297  

Jiangsu Hengrui Medicine Co., Ltd., Class A

     1,242,468        9,657,648  

Luye Pharma Group Ltd.*(a)(b)

     1,115,607        583,266  

Shanghai Fosun Pharmaceutical Group Co., Ltd., Class A

     262,804        2,126,947  

Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H(b)

     304,500        1,566,573  

Sino Biopharmaceutical Ltd.

     6,320,250        5,244,785  
     

 

 

 
Total Pharmaceuticals

 

     28,131,883  
Professional Services – 0.1%

 

51job, Inc., ADR*

     18,455        1,283,176  
Real Estate Management & Development – 4.1%

 

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

     331,000        1,177,792  

Agile Group Holdings Ltd.

     722,000        675,195  

China Aoyuan Group Ltd.(b)

     734,000        387,524  

CIFI Holdings Group Co., Ltd.

     2,718,000        1,850,488  

Country Garden Holdings Co., Ltd.(b)

     4,352,136        4,500,484  

Country Garden Services Holdings Co., Ltd.

     1,041,000        8,224,069  

Gemdale Corp., Class A

     1,450,400        2,513,789  

Greentown Service Group Co., Ltd.(b)

     790,000        852,447  

Guangzhou R&F Properties Co., Ltd., Class H(b)

     2,954,000        2,269,199  

Hopson Development Holdings Ltd.

     349,900        1,245,044  

Kaisa Group Holdings Ltd.*

     914,000        248,910  

KWG Group Holdings Ltd.

     862,000        842,661  

KWG Living Group Holdings Ltd.

     763,000        564,557  

Logan Group Co., Ltd.

     663,000        693,264  

Longfor Group Holdings Ltd.(a)

     952,500        4,392,587  

Powerlong Real Estate Holdings Ltd.

     849,000        638,006  

Seazen Group Ltd.*

     1,348,000        1,078,795  

Shimao Group Holdings Ltd.

     757,500        1,387,596  

Sunac China Holdings Ltd.

     1,521,000        3,243,383  

Sunac Services Holdings Ltd.(a)

     514,819        1,064,734  

Times China Holdings Ltd.

     648,000        538,568  

Zhenro Properties Group Ltd.(b)

     1,403,600        766,290  
     

 

 

 
Total Real Estate Management & Development

 

     39,155,382  
Semiconductors & Semiconductor Equipment – 2.8%

 

Daqo New Energy Corp., ADR*

     22,822        1,300,854  

Gigadevice Semiconductor Beijing, Inc., Class A

     164,712        3,695,611  

JinkoSolar Holding Co., Ltd., ADR*(b)

     12,942        592,873  

LONGi Green Energy Technology Co., Ltd., Class A

     1,227,792        15,670,990  

Xinyi Solar Holdings Ltd.

     2,481,765        5,088,086  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     26,348,414  
Software – 1.6%

 

Glodon Co., Ltd., Class A

     273,475        2,819,749  

Hundsun Technologies, Inc., Class A

     371,368        3,291,777  

Kingdee International Software Group Co., Ltd.*(b)

     1,372,000      4,591,163  

Weimob, Inc.*(a)(b)

     1,081,000        1,566,375  

Yonyou Network Technology Co., Ltd., Class A

     568,313        2,913,614  
     

 

 

 
Total Software

 

     15,182,678  
Specialty Retail – 0.7%

 

China Meidong Auto Holdings Ltd.

     277,712        1,394,865  

China Yongda Automobiles Services Holdings Ltd.

     723,500        1,044,638  

GOME Retail Holdings Ltd.*(b)

     5,711,000        535,545  

Topsports International Holdings Ltd.(a)

     1,357,000        1,551,425  

Zhongsheng Group Holdings Ltd.

     285,100        2,296,284  
     

 

 

 
Total Specialty Retail

 

     6,822,757  
Textiles, Apparel & Luxury Goods – 3.2%

 

ANTA Sports Products Ltd.

     541,000        10,201,974  

Li Ning Co., Ltd.

     1,057,500        12,246,360  

Shenzhou International Group Holdings Ltd.

     392,900        8,368,112  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     30,816,446  
TOTAL COMMON STOCKS
(Cost: $1,035,629,529)

 

     954,694,722  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%

 

United States – 0.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $8,219,432)      8,219,432        8,219,432  
TOTAL INVESTMENTS IN SECURITIES – 100.7%
(Cost: $1,043,848,961)

 

     962,914,154  

Other Assets less Liabilities – (0.7)%

 

     (6,637,596
     

 

 

 
NET ASSETS – 100.0%

 

   $ 956,276,558  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at September 30, 2021 (See Note 2). At September 30, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $43,021,658 and the total market value of the collateral held by the Fund was $45,110,483. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $36,891,051.

 

(c) 

Rate shown represents annualized 7-day yield as of September 30, 2021.

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

September 30, 2021

 

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
 

JP Morgan Chase Bank N.A.

    10/4/2021       479,324       USD       3,731,266       HKD     $ 14     $  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of September 30, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

      Quoted
Prices in
Active
Markets
(Level 1)
     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

           

Investments in Securities

           

Common Stocks

           

Energy Equipment & Services

   $      $      $ 0 *     $ 0  

Other

     954,694,722                      954,694,722  

Investment of Cash Collateral for Securities Loaned

            8,219,432               8,219,432  

Total Investments in Securities

   $ 954,694,722      $ 8,219,432      $ 0      $ 962,914,154  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 14      $      $ 14  

Total – Net

   $ 954,694,722      $ 8,219,446      $ 0      $ 962,914,168  

 

* 

Security is being fair valued using significant unobservable inputs by the Pricing Committee.

 

1 

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

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited)

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

September 30, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.5%

 

Australia – 0.2%

 

Lynas Rare Earths Ltd.*

     1,702,639      $ 8,252,640  
Brazil – 3.3%

 

Ambev S.A.

     4,165,193        11,695,471  

Americanas S.A.*

     311,756        1,769,072  

Atacadao S.A.

     562,739        1,834,177  

B3 S.A. – Brasil Bolsa Balcao

     7,297,542        17,062,285  

Banco Inter S.A.

     433,491        3,711,273  

BR Malls Participacoes S.A.*

     1,834,607        2,720,480  

BRF S.A.*

     840,165        4,177,003  

CCR S.A.

     1,130,779        2,428,034  

Cia Brasileira de Distribuicao

     175,080        827,059  

Cia de Locacao das Americas

     255,656        1,139,658  

Cia Siderurgica Nacional S.A.

     830,132        4,376,974  

Cogna Educacao*

     2,031,964        1,010,593  

Cosan S.A.

     1,101,677        4,646,174  

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     71,645        236,673  

Hapvida Participacoes e Investimentos S.A.(a)

     788,473        1,966,516  

Hypera S.A.

     170,786        1,007,371  

IRB Brasil Resseguros S.A.

     1,039,142        902,043  

Localiza Rent a Car S.A.

     625,304        6,250,860  

Lojas Americanas S.A.

     877,887        710,507  

Lojas Renner S.A.

     901,487        5,694,577  

Magazine Luiza S.A.

     2,697,751        7,099,736  

Natura & Co. Holding S.A.*

     858,608        7,180,672  

Notre Dame Intermedica Participacoes S.A.

     478,766        6,555,586  

Petrobras Distribuidora S.A.

     1,004,243        4,329,253  

Qualicorp Consultoria e Corretora de Seguros S.A.

     382,379        1,402,807  

Raia Drogasil S.A.

     1,358,763        5,827,652  

Rumo S.A.*

     1,181,678        3,641,170  

Sendas Distribuidora S.A.

     875,398        3,058,889  

Sul America S.A.

     347,956        1,627,102  

Suzano S.A.*

     522,290        5,225,871  

TOTVS S.A.

     392,303        2,599,082  

Ultrapar Participacoes S.A.

     967,882        2,618,250  

Via S/A*

     1,201,383        1,699,914  

WEG S.A.

     1,628,076        11,841,042  

YDUQS Participacoes S.A.

     276,458        1,205,499  
     

 

 

 
Total Brazil

 

     140,079,325  
Chile – 0.4%

 

Banco de Chile

     48,470,569        4,463,923  

Banco Santander Chile

     79,802,398        3,992,085  

Cencosud S.A.

     483,801        934,006  

Empresas CMPC S.A.

     567,816        1,068,238  

Empresas COPEC S.A.

     266,928        2,211,802  

Enel Americas S.A.

     10,370,855        1,225,043  

Enel Chile S.A.

     64,373,136        3,043,497  

Falabella S.A.

     262,481        917,811  
     

 

 

 
Total Chile

 

     17,856,405  
China – 31.4%

 

51job, Inc., ADR*

     23,256      1,616,990  

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

     278,000        989,203  

AAC Technologies Holdings, Inc.

     508,000        2,424,284  

Aier Eye Hospital Group Co., Ltd., Class A

     483,019        3,991,429  

AK Medical Holdings Ltd.(a)

     140,000        194,948  

Alibaba Group Holding Ltd.*

     10,664,632        194,807,817  

Alibaba Pictures Group Ltd.*(b)

     20,860,000        2,358,076  

ANTA Sports Products Ltd.

     987,300        18,618,132  

Autohome, Inc., ADR

     89,407        4,195,871  

Baidu, Inc., ADR*

     199,745        30,710,794  

BeiGene Ltd.*

     436,600        12,394,726  

Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A

     136,167        933,888  

Bilibili, Inc., ADR*(b)

     148,456        9,823,334  

BYD Co., Ltd., Class A

     80,800        3,119,768  

BYD Co., Ltd., Class H

     585,500        18,276,544  

BYD Electronic International Co., Ltd.(b)

     412,500        1,454,545  

China Common Rich Renewable Energy Investments Ltd.*

     102,000        0  

China Conch Venture Holdings Ltd.

     1,713,400        7,934,598  

China Feihe Ltd.(a)

     1,993,000        3,364,059  

China Lesso Group Holdings Ltd.

     1,030,000        1,651,250  

China Literature Ltd.*(a)(b)

     207,000        1,579,493  

China Medical System Holdings Ltd.

     1,267,000        2,311,138  

China Meidong Auto Holdings Ltd.

     356,288        1,789,529  

China Minsheng Banking Corp., Ltd., Class A

     9,949,679        6,020,170  

China Minsheng Banking Corp., Ltd., Class H(b)

     5,457,000        2,194,114  

China Yongda Automobiles Services Holdings Ltd.

     1,014,500        1,464,803  

Chongqing Zhifei Biological Products Co., Ltd., Class A

     98,100        2,413,580  

Contemporary Amperex Technology Co., Ltd., Class A

     238,317        19,388,345  

Country Garden Holdings Co., Ltd.(b)

     9,669,935        9,999,547  

Country Garden Services Holdings Co., Ltd.

     1,103,000        8,713,879  

CSPC Pharmaceutical Group Ltd.

     8,405,920        10,085,398  

Daqo New Energy Corp., ADR*

     26,847        1,530,279  

DouYu International Holdings Ltd., ADR*

     235,260        774,005  

East Money Information Co., Ltd., Class A

     2,303,218        12,250,041  

ENN Energy Holdings Ltd.

     686,200        11,318,181  

Focus Media Information Technology Co., Ltd., Class A

     3,380,300        3,829,035  

Foshan Haitian Flavouring & Food Co., Ltd., Class A

     319,933        5,445,963  

Futu Holdings Ltd., ADR*(b)

     42,630        3,880,183  

Fuyao Glass Industry Group Co., Ltd., Class A

     317,882        2,078,335  

Gaotu Techedu, Inc., ADR*(b)

     88,475        271,618  

GDS Holdings Ltd., ADR*

     67,113        3,799,267  

Geely Automobile Holdings Ltd.

     3,526,000        10,123,268  

Genscript Biotech Corp.*

     558,000        2,150,386  

GoerTek, Inc., Class A

     816,390        5,445,000  

GOME Retail Holdings Ltd.*(b)

     6,969,000        653,513  

Great Wall Motor Co., Ltd., Class H

     2,041,700        7,527,222  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (unaudited) (continued)

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

September 30, 2021

 

 

 

Investments    Shares      Value  

Gree Electric Appliances, Inc. of Zhuhai, Class A

     641,800      $ 3,848,526  

Greentown Service Group Co., Ltd.(b)

     1,720,000        1,855,960  

Guangzhou R&F Properties Co., Ltd., Class H(b)

     5,386,400        4,137,716  

Haidilao International Holding Ltd.(a)(b)

     1,214,300        4,640,597  

Hangzhou Tigermed Consulting Co., Ltd., Class A

     131,500        3,540,772  

Hansoh Pharmaceutical Group Co., Ltd.(a)

     606,000        1,541,341  

Hello Group, Inc., ADR

     111,918        1,184,092  

Henan Shuanghui Investment & Development Co., Ltd., Class A

     269,000        1,130,173  

Hengan International Group Co., Ltd.

     583,000        3,122,953  

Hualan Biological Engineering, Inc., Class A

     397,846        1,717,680  

Huazhu Group Ltd., ADR*(b)

     99,353        4,556,329  

Hundsun Technologies, Inc., Class A

     282,832        2,507,001  

HUYA, Inc., ADR*

     74,314        619,779  

Inner Mongolia Yili Industrial Group Co., Ltd., Class A

     1,773,700        10,347,716  

Innovent Biologics, Inc.*(a)

     609,000        5,906,431  

JD.com, Inc., ADR*

     683,190        49,353,646  

Jiangsu Hengrui Medicine Co., Ltd., Class A

     1,335,813        10,383,214  

JinkoSolar Holding Co., Ltd., ADR*(b)

     3,258        149,249  

Jinxin Fertility Group Ltd.*(a)(b)

     678,500        1,011,041  

JOYY, Inc., ADR(b)

     40,283        2,208,717  

Kingboard Holdings Ltd.

     665,500        3,013,478  

Kingdee International Software Group Co., Ltd.*

     2,288,000        7,656,401  

Kingsoft Corp., Ltd.

     1,048,000        4,180,072  

Koolearn Technology Holding Ltd.*(a)(b)

     110,500        59,759  

Lens Technology Co., Ltd., Class A

     225,018        728,454  

Li Ning Co., Ltd.

     1,713,500        19,843,156  

Longfor Group Holdings Ltd.(a)

     1,918,000        8,845,125  

LONGi Green Energy Technology Co., Ltd., Class A

     847,680        10,819,409  

Meituan, Class B*(a)

     2,349,000        74,410,975  

Microport Scientific Corp.

     354,900        2,001,389  

Minth Group Ltd.

     328,000        1,120,770  

Muyuan Foods Co., Ltd., Class A

     581,476        4,670,056  

NetEase, Inc., ADR

     310,284        26,498,254  

New Oriental Education & Technology Group, Inc., ADR*

     985,898        2,021,091  

NIO, Inc., ADR*

     809,472        28,841,487  

Pinduoduo, Inc., ADR*

     291,155        26,399,024  

Ping An Bank Co., Ltd., Class A

     2,707,226        7,511,519  

Ping An Healthcare and Technology Co., Ltd.*(a)(b)

     249,100        1,619,143  

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

     2,012,400        15,059,951  

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

     4,315,000        29,516,260  

Sany Heavy Industry Co., Ltd., Class A

     2,226,436        8,764,967  

SF Holding Co., Ltd., Class A

     249,973        2,527,910  

Shandong Weigao Group Medical Polymer Co., Ltd., Class H

     3,403,000        6,085,021  

Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H(b)

     708,500        3,645,048  

Shenzhen Inovance Technology Co., Ltd., Class A

     264,400      2,577,656  

Shenzhen Kangtai Biological Products Co., Ltd., Class A

     77,400        1,319,075  

Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A

     94,000        5,606,413  

Shenzhou International Group Holdings Ltd.

     680,300        14,489,250  

Shimao Group Holdings Ltd.

     1,725,000        3,159,872  

Sino Biopharmaceutical Ltd.

     8,920,000        7,402,157  

Sun Art Retail Group Ltd.(b)

     1,678,500        776,220  

Sunac China Holdings Ltd.

     2,676,000        5,706,307  

Sunny Optical Technology Group Co., Ltd.

     541,100        14,235,358  

TAL Education Group, ADR*

     27,051        130,927  

TCL Technology Group Corp., Class A

     5,469,100        5,298,015  

Tencent Holdings Ltd.

     4,020,400        238,291,068  

Tencent Music Entertainment Group, ADR*

     427,143        3,096,787  

Tianneng Power International Ltd.(b)

     380,000        425,658  

Tingyi Cayman Islands Holding Corp.

     2,216,000        4,121,917  

Tongcheng-Elong Holdings Ltd.*

     1,217,600        2,943,643  

Tongwei Co., Ltd., Class A

     1,004,358        7,917,179  

Trip.com Group Ltd., ADR*

     352,163        10,829,012  

United Energy Group Ltd.(b)

     8,304,000        1,066,715  

Venus MedTech Hangzhou, Inc., Class H*(a)(b)

     263,500        1,360,716  

Vipshop Holdings Ltd., ADR*

     271,881        3,028,754  

Walvax Biotechnology Co., Ltd., Class A

     471,000        4,604,935  

Want Want China Holdings Ltd.

     3,601,000        2,724,578  

Weimob, Inc.*(a)(b)

     2,525,000        3,658,739  

WH Group Ltd.(a)

     8,946,730        6,378,495  

Wingtech Technology Co., Ltd., Class A

     117,370        1,701,117  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A

     258,005        838,038  

WuXi AppTec Co., Ltd., Class A

     516,573        12,214,565  

Wuxi Biologics Cayman, Inc.*(a)

     2,495,000        40,543,570  

Xinyi Glass Holdings Ltd.

     2,280,000        6,824,199  

Xinyi Solar Holdings Ltd.

     2,959,753        6,068,052  

Yadea Group Holdings Ltd.(a)

     210,000        343,137  

Yihai International Holding Ltd.*(b)

     168,000        935,533  

Yonyou Network Technology Co., Ltd., Class A

     500,300        2,564,926  

Yum China Holdings, Inc.

     360,479        20,947,435  

Zai Lab Ltd., ADR*

     44,553        4,695,441  

ZhongAn Online P&C Insurance Co., Ltd., Class H*(a)(b)

     319,100        1,313,759  

Zhongsheng Group Holdings Ltd.

     303,000        2,440,457  

ZTO Express Cayman, Inc., ADR

     405,343        12,427,816  
     

 

 

 
Total China

 

     1,330,505,691  
Hungary – 0.4%

 

MOL Hungarian Oil & Gas PLC

     350,974        2,926,023  

OTP Bank Nyrt*

     210,549        12,363,312  
     

 

 

 
Total Hungary

 

     15,289,335  
India – 15.9%

 

Aarti Industries Ltd.

     273,438        3,425,366  

Adani Green Energy Ltd.*

     302,104        4,666,632  

Alkem Laboratories Ltd.

     30,553        1,638,528  

Apollo Hospitals Enterprise Ltd.

     123,139        7,434,707  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (unaudited) (continued)

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

September 30, 2021

 

 

 

Investments    Shares      Value  

Ashok Leyland Ltd.

     3,272,756      $ 5,899,360  

Asian Paints Ltd.

     371,004        16,217,414  

Astral Ltd.

     142,796        4,156,094  

Atul Ltd.

     28,201        3,595,074  

AU Small Finance Bank Ltd.*(a)

     141,145        2,213,843  

Aurobindo Pharma Ltd.

     234,117        2,286,053  

Avenue Supermarts Ltd.*(a)

     151,078        8,650,591  

Axis Bank Ltd.*

     1,677,393        17,322,496  

Bajaj Finance Ltd.

     219,842        22,710,861  

Bandhan Bank Ltd.(a)

     563,196        2,147,243  

Bata India Ltd.

     2,403        57,565  

Bharat Forge Ltd.

     371,572        3,691,567  

Bharti Airtel Ltd.

     1,887,510        17,502,585  

Biocon Ltd.*

     188,003        918,645  

Britannia Industries Ltd.

     108,419        5,767,959  

Cipla Ltd.

     433,358        5,742,202  

Coromandel International Ltd.

     171,036        1,830,582  

Crompton Greaves Consumer Electricals Ltd.

     620,438        4,002,934  

Divi’s Laboratories Ltd.

     122,965        7,949,509  

Dr. Reddy’s Laboratories Ltd.

     104,337        6,860,498  

Eicher Motors Ltd.

     162,519        6,109,064  

Emami Ltd.

     248,638        1,922,713  

Escorts Ltd.

     82,753        1,650,099  

Exide Industries Ltd.

     22,977        55,177  

Godrej Consumer Products Ltd.*

     392,150        5,441,047  

Godrej Properties Ltd.*

     157,766        4,913,802  

Grasim Industries Ltd.

     303,000        6,814,770  

HCL Technologies Ltd.

     909,772        15,682,850  

HDFC Life Insurance Co., Ltd.(a)

     766,579        7,460,532  

Hero MotoCorp., Ltd.

     123,209        4,701,620  

Hindustan Unilever Ltd.

     672,384        24,474,044  

Housing Development Finance Corp., Ltd.

     1,335,666        49,561,481  

ICICI Bank Ltd., ADR

     1,362,139        25,703,563  

ICICI Lombard General Insurance Co., Ltd.(a)

     235,502        5,043,015  

ICICI Prudential Life Insurance Co., Ltd.(a)

     433,944        3,927,726  

Indus Towers Ltd.

     950,370        3,952,433  

Info Edge India Ltd.

     58,160        5,039,241  

Infosys Ltd., ADR

     2,598,783        57,822,922  

Ipca Laboratories Ltd.

     69,400        2,254,524  

Jindal Steel & Power Ltd.*

     337,058        1,767,537  

Kotak Mahindra Bank Ltd.

     867,547        23,439,635  

Laurus Labs Ltd.(a)

     256,038        2,126,363  

Lupin Ltd.

     260,455        3,339,045  

Mahindra & Mahindra Ltd.

     888,935        9,617,180  

Maruti Suzuki India Ltd.

     109,967        10,871,218  

Max Financial Services Ltd.*

     217,751        2,975,512  

Motherson Sumi Systems Ltd.

     1,962,330        5,973,372  

Navin Fluorine International Ltd.

     40,128        1,992,006  

Nestle India Ltd.

     34,692        9,088,344  

Page Industries Ltd.

     6,732        2,875,449  

PI Industries Ltd.

     89,321        3,824,639  

Piramal Enterprises Ltd.

     158,985        5,559,843  

Reliance Industries Ltd., GDR(a)

     2,134        145,325  

Reliance Industries Ltd., GDR(a)(b)

     1,122,092        76,414,465  

Shriram Transport Finance Co., Ltd.

     170,372        2,981,209  

Sun Pharmaceutical Industries Ltd.

     921,872      10,162,295  

Sundaram Finance Ltd.

     133,419        4,403,982  

Supreme Industries Ltd.

     114,351        3,596,485  

Tata Consumer Products Ltd.

     488,123        5,350,266  

Tata Motors Ltd.*

     1,391,990        6,251,320  

Tata Steel Ltd.

     888,935        15,435,631  

Tech Mahindra Ltd.

     538,833        10,022,065  

Titan Co., Ltd.

     367,073        10,690,873  

Torrent Pharmaceuticals Ltd.

     79,144        3,289,870  

Trent Ltd.

     179,547        2,481,402  

UltraTech Cement Ltd.

     116,725        11,630,592  

United Spirits Ltd.*

     370,450        4,257,599  

UPL Ltd.

     536,358        5,113,746  

Vedanta Ltd.

     2,171,503        8,415,114  

Vodafone Idea Ltd.*

     7,667,706        1,229,271  

Voltas Ltd.

     310,241        5,090,958  

Wipro Ltd.

     1,125,591        9,615,537  

Zee Entertainment Enterprises Ltd.

     1,197,182        4,890,177  
     

 

 

 
Total India

 

     674,137,256  
Indonesia – 1.5%

 

Astra International Tbk PT

     21,532,900        8,274,652  

Bank Central Asia Tbk PT

     11,673,000        28,545,327  

Barito Pacific Tbk PT

     26,993,300        1,819,985  

Chandra Asri Petrochemical Tbk PT

     2,813,400        1,415,300  

Charoen Pokphand Indonesia Tbk PT

     10,071,900        4,521,359  

Indocement Tunggal Prakarsa Tbk PT

     3,000,900        2,201,534  

Indofood Sukses Makmur Tbk PT

     5,722,600        2,538,935  

Kalbe Farma Tbk PT

     28,793,300        2,876,815  

Merdeka Copper Gold Tbk PT*

     11,068,600        1,948,847  

Sarana Menara Nusantara Tbk PT

     37,176,100        3,441,630  

United Tractors Tbk PT

     1,795,400        3,261,513  
     

 

 

 
Total Indonesia

 

     60,845,897  
Malaysia – 1.3%

 

Dialog Group Bhd

     12,257,500        6,997,593  

Genting Malaysia Bhd

     5,282,400        3,785,310  

Hartalega Holdings Bhd

     3,112,100        4,571,698  

Hong Leong Bank Bhd

     2,437,008        11,001,899  

Nestle Malaysia Bhd

     297,200        9,448,781  

Press Metal Aluminium Holdings Bhd

     8,241,700        11,299,978  

QL Resources Bhd

     2,291,925        2,945,314  

Top Glove Corp. Bhd

     9,008,900        6,197,452  
     

 

 

 
Total Malaysia

 

     56,248,025  
Mexico – 2.0%

 

Alfa S.A.B. de C.V., Class A

     5,458,835        3,802,279  

America Movil S.A.B. de C.V., Series L

     18,271,203        16,239,488  

Cemex S.A.B. de C.V., Series CPO*

     10,730,232        7,776,931  

Fibra Uno Administracion S.A. de C.V.

     3,694,014        4,207,448  

Fomento Economico Mexicano S.A.B. de C.V.

     1,561,010        13,618,235  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.*

     155,269        914,934  

Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B*

     287,016        3,352,769  

Grupo Bimbo S.A.B. de C.V., Series A

     627,763        1,773,485  

Grupo Elektra S.A.B. de C.V.

     81,118        6,195,600  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (unaudited) (continued)

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

September 30, 2021

 

 

 

Investments    Shares      Value  

Grupo Financiero Banorte S.A.B. de C.V., Class O

     1,602,707      $ 10,341,983  

Grupo Televisa S.A.B., Series CPO

     1,778,908        3,941,488  

Wal-Mart de Mexico S.A.B. de C.V.

     3,970,334        13,552,996  
     

 

 

 
Total Mexico

 

     85,717,636  
Philippines – 0.8%

 

Ayala Corp.

     70,110        1,122,915  

Ayala Land, Inc.

     3,567,900        2,343,161  

Bank of the Philippine Islands

     651,180        1,039,769  

BDO Unibank, Inc.

     271,200        588,016  

Globe Telecom, Inc.

     12,955        757,846  

JG Summit Holdings, Inc.

     1,010,820        1,288,047  

Jollibee Foods Corp.

     666,780        2,679,669  

PLDT, Inc.

     40,140        1,322,000  

Puregold Price Club, Inc.

     2,364,500        2,062,738  

SM Investments Corp.

     459,895        8,925,623  

SM Prime Holdings, Inc.

     15,113,700        9,703,464  

Universal Robina Corp.

     1,138,680        3,033,652  
     

 

 

 
Total Philippines

 

     34,866,900  
Poland – 0.7%

 

Asseco Poland S.A.

     134,353        2,963,632  

Bank Polska Kasa Opieki S.A.

     80,950        2,100,572  

CD Projekt S.A.

     79,712        3,849,861  

Cyfrowy Polsat S.A.

     583,789        5,230,397  

LPP S.A.

     2,042        7,610,098  

Orange Polska S.A.*

     1,197,923        2,422,240  

Santander Bank Polska S.A.*

     72,527        5,482,557  
     

 

 

 
Total Poland

 

     29,659,357  
Russia – 3.6%

 

Lukoil PJSC, ADR

     547,478        52,459,342  

Mail.ru Group Ltd., GDR*(c)

     186,767        3,843,665  

Mobile TeleSystems PJSC, ADR

     865,980        8,348,047  

Novatek PJSC, GDR(c)

     126,751        33,474,939  

Novolipetsk Steel PJSC, GDR

     105,643        3,141,823  

Petropavlovsk PLC*(b)

     3,733,254        1,032,922  

Polyus PJSC, GDR(c)

     83,706        6,880,633  

Severstal PAO, GDR(c)

     132,223        2,784,617  

X5 Retail Group N.V., GDR(c)

     185,111        6,010,554  

Yandex N.V., Class A*(b)

     448,272        35,722,796  
     

 

 

 
Total Russia

 

     153,699,338  
South Africa – 4.2%

 

Absa Group Ltd.

     645,352        6,548,746  

Anglo American Platinum Ltd.

     23,430        2,031,394