Prospectus January
1, 2022, as revised February 4, 2022 | ||
WisdomTree Currency
Strategy, Fixed Income and Alternative ETFs | ||
THE U.S. SECURITIES AND
EXCHANGE COMMISSION (“SEC”) AND THE COMMODITY FUTURES TRADING COMMISSION
HAVE NOT APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE
ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE. |
WisdomTree Trust
|
WisdomTree Currency
Strategy, Fixed Income and Alternative ETFs*
WisdomTree Currency
Strategy ETFs Bloomberg U.S. Dollar
Bullish Fund (USDU)
Chinese Yuan Strategy Fund
(CYB)
Emerging Currency Strategy
Fund (CEW)
WisdomTree Fixed Income
ETFs Emerging Markets Corporate
Bond Fund (EMCB)
Emerging Markets Local
Debt Fund (ELD)
Floating Rate Treasury
Fund (USFR)
Interest Rate Hedged High
Yield Bond Fund (HYZD)
Interest Rate Hedged U.S.
Aggregate Bond Fund (AGZD)
Mortgage Plus Bond Fund
(MTGP)
Yield Enhanced U.S.
Aggregate Bond Fund (AGGY)
Yield Enhanced U.S.
Short-Term Aggregate Bond Fund (SHAG)
WisdomTree Alternative
ETFs CBOE S&P 500 PutWrite
Strategy Fund (PUTW)
Enhanced Commodity
Strategy Fund (GCC)
Managed Futures Strategy
Fund (WTMF)
Alternative Income Fund
(HYIN)
* Principal U.S. Listing
Exchange: NYSE Arca, Inc. (except AGZD, HYZD and EMCB are listed on NASDAQ
and SHAG and HYIN are listed on Cboe BZX Exchange, Inc.)
|
|
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.50% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.50% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
51 |
$
160 |
$
280 |
$
628 |
2 Prospectus
|
■ |
Currency Exchange Rate
Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
WisdomTree
Trust
Prospectus
3 |
■ |
Active Management Risk.
|
■ |
Capital Controls and
Sanctions Risk. |
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
■ |
Forward Currency Contracts
Risk. |
■ |
Emerging Markets
Risk. |
4 Prospectus
|
■ |
Foreign Securities
Risk |
■ |
Geographic Investment
Risk. |
■ |
Geopolitical
Risk. |
■ |
Interest Rate
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover
Risk. |
■ |
Repurchase Agreement Risk.
|
■ |
Sovereign Debt
Risk. |
WisdomTree
Trust
Prospectus
5 |
Return |
Quarter/Year | |
Highest
Return |
7.05% |
4Q/2016
|
Lowest
Return |
(5.00)% |
4Q/2020
|
WisdomTree Bloomberg U.S.
Dollar Bullish Fund |
1
Year |
5
Years |
Since
Inception December 18, 2013 |
Return
Before Taxes Based on NAV |
(5.63)% |
(0.84)% |
1.76% |
Return
After Taxes on Distributions |
(5.90)% |
(1.21)% |
1.15% |
Return
After Taxes on Distributions and Sale of Fund Shares |
(3.33)% |
(0.78)% |
1.18% |
Bloomberg
Dollar Total Return Index (Reflects no deduction for fees, expenses or taxes) |
(5.39)% |
(0.95)% |
1.87% |
Bloomberg
Dollar Spot Index (Reflects no deduction for fees, expenses or taxes) |
(5.45)% |
(1.89)% |
1.33% |
6 Prospectus
|
WisdomTree
Trust
Prospectus
7 |
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.45% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.45% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
46 |
$
144 |
$
252 |
$
567 |
8 Prospectus
|
■ |
Currency Exchange Rate
Risk. |
■ |
Geographic Concentration
in China. closely tied to social, political, and
economic conditions within China and to be more volatile than the
performance of more geographically diversified funds. Although the Chinese
economy has grown rapidly during recent years and the Chinese government
has implemented significant economic reforms to liberalize trade policy,
promote foreign investment, and reduce government control of the economy,
there can be no guarantee that economic growth or these reforms will
continue. The Chinese economy may also experience slower growth if global
or domestic demand for Chinese goods decreases significantly and/or key
trading partners apply trade tariffs or implement other protectionist
measures. The Chinese economy is also susceptible to rising rates of
inflation, economic recession, market inefficiency, volatility, and
pricing anomalies that may be connected to governmental influence, a lack
of publicly-available information and/or political and social instability.
The government of China maintains strict currency controls in order to
achieve economic, trade and political objectives and regularly intervenes
in the currency market. The Chinese government also plays a major role in
the country’s economic policies regarding foreign investments. Foreign
investors are subject to the risk of loss from expropriation or
nationalization of their investment assets and property, governmental
restrictions on foreign investments and the repatriation of capital
invested. The Chinese securities markets are subject to more frequent
trading halts and low trading volume, resulting in substantially less
liquidity and greater price volatility. In addition, the Chinese
government may enact laws and regulations that interfere with the
operations of Chinese companies listed abroad, including U.S.-listed
Chinese companies. These and other factors could have a negative impact on
the Fund’s performance and increase the volatility of an investment in the
Fund. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
WisdomTree
Trust
Prospectus
9 |
premiums
and discounts greater than those of domestic ETFs. Additionally, in
stressed market conditions, the market for the Fund’s shares may become
less liquid in response to deteriorating liquidity in the markets for the
Fund’s underlying portfolio holdings. | |
■ |
Active Management Risk.
|
■ |
Capital Controls and
Sanctions Risk. |
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
■ |
Forward Currency Contracts
Risk. | |
■ |
Swaps Risk. payment
for a fixed interest payment. A total return swap is an agreement
between two parties in which one party agrees to
make |
10 Prospectus
|
payments
of the total return of a reference asset in
return
for payments equal to a rate of interest on another reference asset.
The risks of swaps include but are not limited to the potential to
increase or decrease the overall volatility of the Fund's investments and
its share price. |
■ |
Emerging Markets
Risk. |
■ |
Foreign Securities
Risk |
■ |
Geopolitical
Risk. |
■ |
Interest Rate
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Offshore Investor
Risk. |
■ |
Repurchase Agreement Risk.
|
■ |
Sovereign Debt
Risk. |
WisdomTree
Trust
Prospectus
11 |
or
unwilling to make interest payments and/or repay the principal owed. In
such instance, the Fund may have limited recourse against the issuing
government or agency. In the past, governments of emerging market
countries have refused to honor their payment obligations on issued
bonds. |
Return |
Quarter/Year | |
Highest Return |
5.08 % |
4Q/2020 |
Lowest Return |
(4.49 )% |
4Q/2016 |
WisdomTree Chinese Yuan
Strategy Fund |
1
Year |
5
Years |
10
Years |
Return
Before Taxes Based on NAV |
8.68% |
2.99% |
1.81% |
Return
After Taxes on Distributions |
8.50% |
2.69% |
1.45% |
Return
After Taxes on Distributions and Sale of Fund Shares |
5.14% |
2.17% |
1.28% |
JP
Morgan Emerging Local Markets Index Plus (ELMI+) China (Reflects no
deduction for fees, expenses or taxes) |
9.85% |
4.01% |
2.78% |
12 Prospectus
|
WisdomTree
Trust
Prospectus
13 |
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.55% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.55% |
1
Year |
3
Years |
5
Years |
10
Years | |
$ 56 |
$ 176 |
$ 307 |
$ 689 |
14 Prospectus
|
■ |
Currency Exchange Rate
Risk. |
■ |
Emerging Markets
Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
WisdomTree
Trust
Prospectus
15 |
rates
decline, some economies, including those of countries with limited access
to COVID-19 vaccines, have struggled to control the spread of the virus
and re-open their economies. As a result, it remains unclear how COVID-19
will impact global markets in the future. | |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Active Management Risk.
|
■ |
Capital Controls and
Sanctions Risk. |
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
■ |
Forward Currency Contracts
Risk. |
16 Prospectus
|
end
of the agreement and trade over-the-counter. Risks related to forward
currency contracts include, but are not limited to: (1) the success of the
adviser’s and sub-adviser’s ability to predict movements in the prices of
individual currencies, fluctuations in markets and movements in interest
rates; (2) an imperfect or no correlation between the changes in market
value of the currencies and the prices of such contracts; and (3) the risk
that the counterparty will default on its obligations. | ||
■ |
Swaps Risk. |
■ |
Foreign Securities
Risk |
■ |
Geographic Investment
Risk. |
■ |
Geopolitical
Risk. |
■ |
Interest Rate
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Repurchase Agreement Risk.
|
■ |
Sovereign Debt
Risk. |
WisdomTree
Trust
Prospectus
17 |
Return |
Quarter/Year | |
Highest Return |
7.50 % |
4Q/2020 |
Lowest Return |
(11.06 )% |
1Q/2020 |
WisdomTree Emerging
Currency Strategy Fund |
1
Year |
5
Years |
10
Years |
Return
Before Taxes Based on NAV |
0.00% |
2.89% |
(0.99)% |
Return
After Taxes on Distributions |
(0.27)% |
2.53% |
(1.33)% |
Return
After Taxes on Distributions and Sale of Fund Shares |
0.00% |
2.08% |
(0.86)% |
JP
Morgan Emerging Local Markets Index Plus (ELMI+) (Reflects no deduction
for fees, expenses or taxes) |
1.73% |
3.62% |
0.24% |
18 Prospectus
|
WisdomTree
Trust
Prospectus
19 |
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.60% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.60% |
1
Year |
3
Years |
5
Years |
10
Years | |
$ 61 |
$ 192 |
$ 335 |
$ 750 |
20 Prospectus
|
■ |
Emerging Markets
Risk. |
■ |
Interest Rate
Risk. |
WisdomTree
Trust
Prospectus
21 |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Active Management Risk.
|
■ |
Capital Controls and
Sanctions Risk. |
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
■ |
Currency Exchange Rate
Risk. |
22 Prospectus
|
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
■ |
Forward Currency Contracts
Risk. | |
■ |
Swaps Risk. |
■ |
Energy Sector
Risk. |
■ |
Financials Sector
Risk. |
■ |
Foreign Securities
Risk |
■ |
Geographic Investment
Risk. |
■ |
Geopolitical
Risk. |
WisdomTree
Trust
Prospectus
23 |
public
health issues and/or systemic market dislocations (including due to events
outside of such countries or regions) that have led, and in the future may
lead, to increased short-term market volatility and may have adverse
long-term effects on the U.S. and world economies and markets generally,
each of which may negatively impact the Fund’s investments. | |
■ |
High Yield Securities
Risk. |
■ |
Industrials Sector
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover
Risk. |
■ |
Repurchase Agreement Risk.
|
■ |
Sovereign Debt
Risk. |
24 Prospectus
|
Return |
Quarter/Year | |
Highest
Return |
12.57% |
2Q/2020
|
Lowest
Return |
(11.51)% |
1Q/2020
|
WisdomTree Emerging
Markets Corporate Bond Fund |
1
Year |
5
Years |
Since Inception March 8, 2012 |
Return
Before Taxes Based on NAV |
7.91% |
7.39% |
4.75% |
Return
After Taxes on Distributions |
6.11% |
5.55% |
2.85% |
Return
After Taxes on Distributions and Sale of Fund Shares |
4.60% |
4.87% |
2.77% |
JP
Morgan CEMBI Diversified Index (Reflects no deduction for fees, expenses
or taxes) |
7.35% |
7.46% |
5.63% |
WisdomTree
Trust
Prospectus
25 |
26 Prospectus
|
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.55% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.55% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
56 |
$
176 |
$
307 |
$
689 |
WisdomTree
Trust
Prospectus
27 |
■ |
Emerging Markets
Risk. |
28 Prospectus
|
■ |
Interest Rate
Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Active Management Risk.
|
■ |
Capital Controls and
Sanctions Risk. |
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
WisdomTree
Trust
Prospectus
29 |
■ |
Currency Exchange Rate
Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
■ |
Forward Currency Contracts
Risk. | |
■ |
Swaps Risk. |
■ |
Foreign Securities
Risk |
■ |
Geographic Investment
Risk. |
■ |
Geopolitical
Risk. |
■ |
High Yield Securities
Risk. |
30 Prospectus
|
and
outlook and to real or perceived adverse economic and competitive industry
conditions. High yield securities may be regarded as predominantly
speculative with respect to the issuer’s continuing ability to meet
principal and interest payments. | |
■ |
Issuer-Specific
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Repurchase Agreement Risk.
|
■ |
Sovereign Debt
Risk. |
Return |
Quarter/Year | |
Highest
Return |
10.00% |
4Q/2020
|
Lowest
Return |
(14.87)% |
1Q/2020
|
WisdomTree
Trust
Prospectus
31 |
WisdomTree Emerging
Markets Local Debt Fund |
1
Year |
5
Years |
10
Years |
Return
Before Taxes Based on NAV |
1.69% |
5.54% |
0.70% |
Return
After Taxes on Distributions |
1.07% |
4.45% |
(0.56)% |
Return
After Taxes on Distributions and Sale of Fund Shares |
1.01% |
3.85% |
0.04% |
JP
Morgan GBI-EM Global Diversified Index Unhedged USD (Reflects no deduction
for fees, expenses or taxes) |
2.69% |
6.72% |
1.49% |
32 Prospectus
|
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.15% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.15% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
15 |
$
48 |
$
85 |
$
192 |
WisdomTree
Trust
Prospectus
33 |
■ |
Floating Rate Notes Risk.
|
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Cash Redemption
Risk. |
■ |
Cybersecurity Risk.
|
34 Prospectus |
to
purchase and redeem shares directly from the Fund (
i.e., | |
■ |
Index and Data
Risk. |
■ |
Interest Rate
Risk. |
■ |
Investment Style
Risk. |
■ |
Issuer Credit
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Non-Correlation
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover
Risk. |
■ |
Risk of Limited Issuance.
|
WisdomTree
Trust
Prospectus
35 |
Return |
Quarter/Year | |
Highest
Return |
0.57% |
2Q/2019
|
Lowest
Return |
(0.08)% |
3Q/2015
|
WisdomTree Floating Rate
Treasury Fund |
1
Year |
5
Years |
Since
Inception February 4, 2014 |
Return
Before Taxes Based on NAV |
0.52% |
1.21% |
0.85% |
Return
After Taxes on Distributions |
0.36% |
0.75% |
0.52% |
Return
After Taxes on Distributions and Sale of Fund Shares |
0.31% |
0.73% |
0.51% |
Bloomberg
US Treasury Floating Rate Bond Index (Reflects no deduction for fees, expenses or taxes) |
0.74% |
1.39% |
1.02% |
36 Prospectus |
WisdomTree
Trust
Prospectus
37 |
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.43% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.43% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
44 |
$
138 |
$
241 |
$
542 |
38 Prospectus |
■ |
Hedging
Risk. i.e. |
WisdomTree
Trust
Prospectus
39 |
profile
between the long and short exposures of the Index and Fund could also
evolve significantly between monthly rebalancing. This could lead to
temporary dislocations between the Fund’s intended and actual sensitivity
to interest rates, which could impact performance. There may also be
significant differences between the bond markets and U.S. Treasury markets
(including futures markets for U.S. Treasuries) that could result in the
Fund’s short positions performing ineffectively, exacerbating losses or
causing greater tracking error. In addition, when interest rates fall, an
unhedged investment in the same long portfolio of bonds will outperform
the Fund. | |
■ |
High Yield Securities
Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
■ |
Cybersecurity Risk.
|
40 Prospectus |
to
purchase and redeem shares directly from the Fund (
i.e., | |
■ |
Derivatives
Risk. |
■ |
Geopolitical
Risk. |
■ |
Index and Data
Risk. |
■ |
Interest Rate
Risk. |
■ |
Investment Style
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Non-Correlation
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover
Risk. |
■ |
Short Sales
Risk. |
WisdomTree
Trust
Prospectus
41 |
value
of the security sold short and is potentially unlimited unlike the risk of
loss on a long position, which is limited to the amount paid for the
investment plus transaction costs. Therefore, short sales involve the risk
that losses may be exaggerated, potentially losing more money than the
actual cost of the investment. Also, there is the risk that the third
party to the short sale may fail to honor its contract terms, causing a
loss to the Fund. Further, in times of unusual or adverse economic, market
or political conditions, the Fund may not be able to fully or partially
implement its short selling strategy. | |
■ |
U.S. Treasury Exposure
Risk. |
■ |
Yield Curve Risk.
|
Return |
Quarter/Year | |
Highest
Return |
5.48% |
2Q/2016 |
Lowest
Return |
(13.59)% |
1Q/2020 |
42 Prospectus |
WisdomTree Interest Rate
Hedged High Yield Bond Fund* |
1
Year |
5
Years |
Since
Inception December 18, 2013 |
Return
Before Taxes Based on NAV |
(0.79)% |
5.36% |
2.99% |
Return
After Taxes on Distributions |
(2.90)% |
3.08% |
0.91% |
Return
After Taxes on Distributions and Sale of Fund Shares |
(0.54)% |
3.12% |
1.34% |
ICE
BofA Merrill Lynch 0-5 Year U.S. High Yield Constrained, Zero Duration Index/WisdomTree U.S. High Yield Corporate Bond, Zero Duration Spliced Index (Reflects no deduction for fees, expenses or taxes) |
0.91% |
6.27% |
3.67% |
* |
The
Fund’s objective changed effective June 1, 2020. Prior to that date, the
Fund sought to track the price and yield performance, before fees and
expenses, of the ICE BofA Merrill Lynch 0-5 Year U.S. High Yield
Constrained, Zero Duration Index. As of June 1, 2020, the Fund’s objective
seeks to track the price and yield performance, before fees and expenses,
of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration
Index. |
WisdomTree
Trust
Prospectus
43 |
44 Prospectus |
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.23% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.23% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
24 |
$
74 |
$
130 |
$
293 |
WisdomTree
Trust
Prospectus
45 |
■ |
Hedging
Risk. i.e. |
46 Prospectus |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
■ |
Futures Contracts
Risk. |
WisdomTree
Trust
Prospectus
47 |
(2)
an imperfect or no correlation between the changes in market value of the
currencies or securities and the prices of futures contracts; and (3)
there is no guarantee that an active market will exist for the contracts
at any particular time. |
■ |
Geopolitical
Risk. |
■ |
Index and Data
Risk. |
■ |
Interest Rate
Risk. |
■ |
Investment Style
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Mortgage- and Asset-Backed
Securities Risk. |
■ |
Non-Correlation
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover
Risk. |
■ |
Short Sales
Risk. |
48 Prospectus |
value
of the security sold short and is potentially unlimited unlike the risk of
loss on a long position, which is limited to the amount paid for the
investment plus transaction costs. Therefore, short sales involve the risk
that losses may be exaggerated, potentially losing more money than the
actual cost of the investment. Also, there is the risk that the third
party to the short sale may fail to honor its contract terms, causing a
loss to the Fund. Further, in times of unusual or adverse economic, market
or political conditions, the Fund may not be able to fully or partially
implement its short selling strategy. | |
■ |
TBA Transactions
Risk. |
■ |
U.S. Treasury Exposure
Risk. |
■ |
Yield Curve Risk.
|
WisdomTree
Trust
Prospectus
49 |
Return |
Quarter/Year | |
Highest
Return |
2.34% |
2Q/2020 |
Lowest
Return |
(3.33)% |
1Q/2020 |
WisdomTree Interest Rate
Hedged U.S. Aggregate Bond Fund |
1
Year |
5
Years |
Since
Inception December 18, 2013 |
Return
Before Taxes Based on NAV |
0.65% |
2.08% |
1.38% |
Return
After Taxes on Distributions |
(0.28)% |
1.07% |
0.46% |
Return
After Taxes on Distributions and Sale of Fund Shares |
0.38% |
1.15% |
0.64% |
Bloomberg
Rate Hedged U.S. Aggregate Bond Index, Zero Duration (Reflects no deduction for fees, expenses or taxes) |
0.92% |
2.14% |
1.68% |
50 Prospectus |
WisdomTree
Trust
Prospectus
51 |
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.45% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.45% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
46 |
$
144 |
$
252 |
$
567 |
52 Prospectus |
■ |
Agency Mortgage-Backed
Securities Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
WisdomTree
Trust
Prospectus
53 |
disease
caused by a novel coronavirus (COVID-19) has spread globally for over a
year, resulting in a global pandemic and major disruption to economies and
markets around the world, including the United States. During this time,
financial markets have experienced extreme volatility and severe losses,
and trading in many instruments has been disrupted or suspended. Liquidity
for many instruments has been greatly reduced for periods of time.
Although many global economies have begun to re-open as infection and
hospitalization rates decline, some economies, including those of
countries with limited access to COVID-19 vaccines, have struggled to
control the spread of the virus and re-open their economies. As a result,
it remains unclear how COVID-19 will impact global markets in the
future. | |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Active Management Risk.
|
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
■ |
Futures Contracts
Risk. |
■ |
Geopolitical
Risk. |
54 Prospectus |
market
dislocations (including due to events outside of the United States) that
have led, and in the future may lead, to increased short-term market
volatility and may have adverse long-term effects on the U.S. and world
economies and markets generally, each of which may negatively impact the
Fund’s investments. | |
■ |
High Yield Securities
Risk. |
■ |
Interest Rate
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Liquidity
Risk. |
■ |
Non-Agency Mortgage-Backed
Securities Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover
Risk. |
■ |
Prepayment Risk and
Extension Risk. |
■ |
Repurchase Agreement Risk.
|
WisdomTree
Trust
Prospectus
55 |
the
Fund may encounter delay and incur costs before being able to sell the
security. Such a delay may involve loss of interest or a decline in price
of the security, which could result in a loss. In addition, if the Fund is
characterized by a court as an unsecured creditor, it would be at risk of
losing some or all of the principal and interest involved in the
transaction. | |
■ |
Securitized Credit
Securities Risk. |
■ |
TBA Transactions
Risk. |
Return |
Quarter/
Ye ar | |
Highest
Return |
2.78% |
2Q/2020 |
Lowest
Return |
0.38% |
1Q/2020 |
56 Prospectus |
WisdomTree Mortgage Plus
Bond Fund |
1
Year |
Since
Inception November 14, 2019 |
Return
Before Taxes Based on NAV |
4.97% |
4.56% |
Return
After Taxes on Distributions |
3.86% |
3.50% |
Return
After Taxes on Distributions and Sale of Fund Shares |
2.93% |
3.03% |
Bloomberg
U.S. Securitized MBS/ABS/CMBS Index (Reflects no deduction for fees,
expenses or taxes) |
4.18% |
4.01% |
WisdomTree
Trust
Prospectus
57 |
58 Prospectus
|
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.12% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.12% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
12 |
$
39 |
$
68 |
$
154 |
WisdomTree
Trust
Prospectus
59 |
60 Prospectus
|
■ |
Interest Rate
Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Cash Redemption
Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Index and Data
Risk. Index may
occur from time to time and may not be identified and/or corrected by the
Index |
WisdomTree
Trust
Prospectus
61 |
Provider,
Index calculation agent or other applicable party for a period of time or
at all, which may have an adverse impact on the Fund and its shareholders.
The potential risk of continuing error may be particularly heightened in
the case of the Index, which is generally not used as a benchmark by other
funds or managers. | |
■ |
Investment Style
Risk. |
■ |
Issuer Credit
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Mortgage- and Asset-Backed
Securities Risk. |
■ |
Non-Correlation
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover
Risk. |
■ |
TBA Transactions
Risk. can be no
assurance that a security purchased on a forward commitment basis will
ultimately be issued or delivered by the counterparty. During the
settlement period, the Fund will still bear the risk of any decline in the
value of the security to be delivered. Because TBA Transactions do not
require the purchase and sale of identical securities, the characteristics
of the security delivered to the Fund may be less favorable than the
security delivered to the dealer. If the counterparty to a transaction
fails to deliver the securities, the Fund could suffer a loss. At the time
of its acquisition, a TBA security may be valued at less than the purchase
price. |
62 Prospectus
|
Return |
Quarter/
Ye ar | |
Highest
Return |
4.47% |
2Q/2020 |
Lowest
Return |
(3.37)% |
4Q/2016 |
WisdomTree Yield Enhanced
U.S. Aggregate Bond Fund |
1
Year |
5
Years |
Since Inception July 9, 2015 |
Return
Before Taxes Based on NAV |
5.99% |
4.99% |
4.51% |
Return
After Taxes on Distributions |
4.77% |
3.66% |
3.20% |
Return
After Taxes on Distributions and Sale of Fund Shares |
3.59% |
3.25% |
2.88% |
Bloomberg
US Aggregate Enhanced Yield Index (Reflects no deduction for fees, expenses or taxes) |
5.99% |
5.17% |
4.69% |
Bloomberg
US Aggregate Index (Reflects no deduction for fees, expenses or
taxes) |
7.51% |
4.44% |
4.12% |
WisdomTree
Trust
Prospectus
63 |
64 Prospectus
|
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.12% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.12% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
12 |
$
39 |
$
68 |
$
154 |
WisdomTree
Trust
Prospectus
65 |
■ |
Interest Rate
Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
66 Prospectus
|
|
periods of time. Although many global
economies have begun to re-open as infection and hospitalization rates
decline, some economies, including those of countries with limited access
to COVID-19 vaccines, have struggled to control the spread of the virus
and re-open their economies. As a result, it remains unclear how COVID-19
will impact global markets in the future. |
|
|
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. As with all ETFs, Fund shares may be bought
and sold in the secondary market at market prices. The trading prices of
the Fund’s shares in the secondary market generally differ from the Fund’s
daily NAV and there may be times when the market price of the shares is
more than the NAV (premium) or less than the NAV (discount). This risk is
heightened in times of market volatility or periods of steep market
declines. |
|
|
■ |
Cash Redemption
Risk. The Fund generally redeems shares for cash or
otherwise includes cash as part of its redemption proceeds. The Fund may
be required to sell or unwind portfolio investments in order to obtain the
cash needed to distribute redemption proceeds. This may cause the Fund to
recognize a capital gain that it might not have recognized if it had made
a redemption in-kind. As a result, the Fund may pay out higher annual
capital gain distributions than if the in-kind redemption process was
used. |
|
|
■ |
Cybersecurity Risk.
The Fund and its service providers may be
susceptible to operational and information security risks resulting from a
breach in cybersecurity, including cyber-attacks. A breach in
cybersecurity, intentional or unintentional, may adversely impact the Fund
in many ways, including, but not limited to, disruption of the Fund’s
operational capacity, loss of proprietary information, theft or corruption
of data, denial-of-service attacks on websites or network resources, and
the unauthorized release of confidential information. Cyber-attacks
affecting the Fund’s third-party service providers, market makers,
institutional investors authorized to purchase and redeem shares directly
from the Fund (
i.e., Authorized Participants), or the issuers of
securities in which the Fund invests may subject the Fund to many of the
same risks associated with direct cybersecurity
breaches. |
|
|
■ |
Index and Data
Risk. The Fund is not “actively” managed and seeks
to track the price and yield performance, before fees and expenses, of the
Index. The Index Provider has the right to make adjustments to the Index
or to cease making the Index available without regard to the particular
interests of the Fund or its shareholders. If the computers or other
facilities of the Index Provider, Index calculation agent, data providers
and/or relevant stock exchange malfunction for any reason, calculation and
dissemination of Index values may be delayed and trading in Fund shares
may be suspended for a period of time. Errors in Index data, Index
calculations and/or the construction of the Index may occur from time to
time and may not be identified and/or corrected by the Index Provider,
Index calculation agent or other applicable party for a period of time or
at all, which may have an adverse impact on the Fund and its shareholders.
The potential risk of continuing error may be particularly heightened in
the case of the Index, which is generally not used as a benchmark by other
funds or managers. |
|
|
■ |
Investment Style
Risk. The Fund invests in the securities included
in, or representative of, the Index regardless of their investment merit.
The Fund does not attempt to outperform the Index or take defensive
positions in declining markets. As a result, the Fund’s performance may be
adversely affected by a general decline in the market segments relating to
the Index. |
|
|
■ |
Issuer Credit
Risk. The financial condition of an issuer of a
debt security or other instrument may cause such issuer to default, become
unable to pay interest or principal due or otherwise fail to honor its
obligations or cause such issuer to be perceived (whether by market
participants, rating agencies, pricing services or otherwise) as being in
such situations. The value of an investment in the Fund may change quickly
and without warning in response to issuer defaults, changes in the credit
ratings of the Fund’s portfolio investments and/or perceptions related
thereto. |
|
|
■ |
Issuer-Specific
Risk. Issuer-specific events, including changes in
the actual or perceived financial condition of an issuer, can have a
negative impact on the value of the Fund. |
|
|
■ |
Mortgage- and Asset-Backed
Securities Risk. Movements in interest rates (both increases
and decreases) may quickly and significantly reduce the value of certain
types of mortgage- and asset-backed securities. Mortgage- and asset-backed
securities can also be subject to the risk of default on the underlying
mortgages or other assets. Mortgage- and asset-backed securities are
subject to fluctuations in yield due to prepayment rates that may be
faster or slower than expected. Default or bankruptcy of a counterparty to
a mortgage-related transaction would expose the Fund to possible
loss. |
|
|
■ |
Non-Correlation
Risk. As with all index funds, the performance of
the Fund and its Index may differ from each other for a variety of
reasons. |
WisdomTree
Trust
Prospectus
67 |
■ |
Non-Diversification Risk.
|
■ |
Portfolio Turnover Risk.
|
■ |
TBA Transactions Risk.
|
Return |
Qu arter/Y
e ar | |
Highest
Return |
3.67% |
2Q/2020 |
Lowest
Return |
(0.84)% |
1Q/2018 |
68 Prospectus
|
WisdomTree Yield Enhanced
U.S. Short-Term Aggregate Bond Fund |
1
Year |
Since Inception May 18, 2017 |
Return
Before Taxes Based on NAV |
4.45% |
3.23% |
Return
After Taxes on Distributions |
3.50% |
2.21% |
Return
After Taxes on Distributions and Sale of Fund Shares |
2.67% |
2.03% |
Bloomberg
U.S. Short Aggregate Enhanced Yield Index (Reflects no deduction for fees,
expenses or taxes) |
3.61% |
3.22% |
Bloomberg
U.S. Short Aggregate Composite Index (Reflects no deduction for fees,
expenses or taxes) |
4.70% |
3.08% |
WisdomTree
Trust
Prospectus
69 |
70 Prospectus
|
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.44% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.44% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
45 |
$
141 |
$
246 |
$
555 |
WisdomTree
Trust
Prospectus
71 |
■ |
Put Option
Risk. i.e. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Cash Redemption
Risk. |
■ |
Cybersecurity Risk.
|
72 Prospectus
|
disruption
of the Fund’s operational capacity, loss of proprietary information, theft
or corruption of data, denial-of-service attacks on websites or network
resources, and the unauthorized release of confidential information.
Cyber-attacks affecting the Fund’s third-party service providers, market
makers, institutional investors authorized to purchase and redeem shares
directly from the Fund (
i.e., | |
■ |
Derivatives
Risk. |
■ |
Implied Volatility
Risk. i.e. |
■ |
Index and Data
Risk. |
■ |
Investment Style
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Non-Correlation
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover
Risk. e.g. |
WisdomTree
Trust
Prospectus
73 |
Return |
Quarter/Year | |
Highest
Return |
10.89% |
2Q/2020 |
Lowest
Return |
(20.65)% |
1Q/2020 |
WisdomTree CBOE S&P
500 PutWrite Strategy Fund |
1
Year |
Since
Inception February 24, 2016 |
Return
Before Taxes Based on NAV |
1.70% |
5.81% |
Return
After Taxes on Distributions |
1.11% |
4.75% |
Return
After Taxes on Distributions and Sale of Fund Shares |
1.00% |
4.17% |
CBOE
S&P 500 PutWrite Index (Reflects no deduction for fees, expenses or
taxes) |
2.13% |
6.37% |
S&P
500 Index (Reflects no deduction for fees, expenses or taxes) |
18.40% |
17.00% |
74 Prospectus
|
WisdomTree
Trust
Prospectus
75 |
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.55% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.55% |
1
Year |
3
Years |
5
Years |
10
Years | |
$
56 |
$
176 |
$
307 |
$
689 |
76 Prospectus
|
■ |
Commodity
Risk. |
■ |
Futures Rolling
Risk |
WisdomTree
Trust
Prospectus
77 |
known
as “backwardation”), which can impact the Fund’s returns. Because of the
frequency with which the Fund expects to roll futures contracts, the
impact of such contango or backwardation may be greater than the impact
would be if the Fund experienced less portfolio turnover. | |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Active Management
Risk |
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
78 Prospectus
|
In
addition to the other risks associated with the use of derivatives
described elsewhere in this Prospectus, there are risks associated with
the Fund’s use of futures contracts. With respect to futures contracts,
these risks include but are not limited to: (1) the success of the
adviser’s and sub-adviser’s ability to predict movements in the prices of
individual commodities, fluctuations in markets and movements in interest
rates or prices; (2) an imperfect or no correlation between the changes in
market value of the commodities and the prices of futures contracts; and
(3) no guarantee that an active market will exist for the futures
contracts at any particular time. | |
■ |
Geopolitical
Risk. |
■ |
Interest Rate
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Liquidity
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Subsidiary Investment
Risk. |
■ |
Tax Risk. |
WisdomTree
Trust
Prospectus
79 |
the
90% test noted above, or may not be able to accurately predict the
non-qualifying income from these investments. Failure to comply with this
restriction would have significant negative tax consequences to Fund
shareholders. |
80 Prospectus
|
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.65% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00% |
Total Annual Fund
Operating Expenses |
0.65%
1 |
1
Year |
3
Years |
5
Years |
10
Years | |
$
66 |
$
208 |
$
362 |
$
810 |
WisdomTree
Trust
Prospectus
81 |
■ |
Futures Contracts
Risk. |
82 Prospectus |
■ |
Commodity
Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Active Management Risk.
|
■ |
Cash Redemption
Risk. |
■ |
Counterparty and Issuer
Credit Risk. |
WisdomTree
Trust
Prospectus
83 |
■ |
Currency Exchange Rate
Risk. |
■ |
Cybersecurity Risk.
i.e., |
■ |
Derivatives
Risk. |
■ |
Foreign Securities
Risk |
■ |
Interest Rate
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Liquidity
Risk. |
■ |
Models and Data
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Portfolio Turnover Risk.
|
84 Prospectus |
■ |
Repurchase Agreement Risk.
|
■ |
Short Sales
Risk. |
■ |
Subsidiary Investment
Risk. |
■ |
Tax Risk. |
■ |
Volatility
Risk. |
WisdomTree
Trust
Prospectus
85 |
Return |
Quarter/Year | |
Highest
Return |
6.35% |
4Q/2020 |
Lowest
Return |
(7.96)% |
2Q/2012 |
WisdomTree Managed Futures
Strategy Fund* |
1
Year |
5
Years |
Since Inception January 5, 2011 |
Return
Before Taxes Based on NAV |
0.37% |
(1.26)% |
(2.27)% |
Return
After Taxes on Distributions |
0.17% |
(1.71)% |
(2.53)% |
Return
After Taxes on Distributions and Sale of Fund Shares |
0.21% |
(1.14)% |
(1.76)% |
S&P
Diversified Trends Indicator Index (Reflects no deduction for fees,
expenses or taxes) |
3.96% |
0.31% |
(0.94)% |
S&P
500 Index (Reflects no deduction for fees, expenses or taxes) |
(4.38)% |
8.49% |
11.12% |
S&P
GSCI Index (Reflects no deduction for fees, expenses or taxes) |
(23.72)% |
(1.85)% |
(8.73)% |
Bloomberg
U.S. Aggregate Index (Reflects no deduction for fees, expenses or taxes) |
0.01% |
2.52% |
2.88% |
86 Prospectus |
WisdomTree
Trust
Prospectus
87 |
Shareholder Fees
|
None |
Annual Fund Operating
Expenses |
|
Management
Fees |
0.50% |
Distribution
and/or Service (12b-1) Fees |
None |
Other
Expenses |
0.00%
1 |
Acquired
Fund Fees and Expenses |
2.43%
1 |
Total Annual Fund
Operating Expenses |
2.93%
2 |
1
Year |
3
Years | |
$
296 |
$
907 |
88 Prospectus |
■ |
CEF and BDC Investing
Risk. |
■ |
Interest Rate
Risk. |
WisdomTree
Trust
Prospectus
89 |
■ |
REIT Investing
Risk. |
■ |
Investment
Risk. |
■ |
Market
Risk. |
■ |
Shares of the Fund May
Trade at Prices Other Than NAV. |
■ |
Agency Mortgage-Backed
Securities Risk. |
■ |
Asset-Backed Securities
Risk. |
■ |
Cybersecurity Risk.
|
90 Prospectus |
to
purchase and redeem shares directly from the Fund (
i.e., | |
■ |
Dividend Paying Securities
Risk. |
■ |
Geopolitical
Risk. |
■ |
Illiquid Investments
Risk. |
■ |
Index and Data
Risk. |
■ |
Investments in Underlying
Funds Risk. |
■ |
Collateralized Loan
Obligation Risk. | |
■ |
High Yield Securities
Risk. | |
■ |
Issuer Credit
Risk. |
WisdomTree
Trust
Prospectus
91 |
otherwise)
as being in such situations. The value of an investment in the Fund may
change quickly and without warning in response to issuer defaults, changes
in the credit ratings of the Fund’s portfolio investments and/or
perceptions related thereto. | ||
■ |
Micro-Capitalization
Investing Risk. | |
■ |
Private Credit
Risk. | |
■ |
Senior Loan Investing
Risk. |
■ |
Investment Style
Risk. |
■ |
Issuer-Specific
Risk. |
■ |
Non-Agency Mortgage-Backed
Securities Risk. |
■ |
Non-Correlation
Risk. |
■ |
Non-Diversification
Risk. |
■ |
Small-Capitalization
Investing Risk. |
92 Prospectus |
WisdomTree
Trust
Prospectus
93 |
■ |
Futures
contract – a standardized contract traded on a recognized
exchange in which two parties agree to exchange either a specified
financial asset or the cash equivalent of said asset of standardized
quantity and quality for a price agreed to today (the futures price or the
strike price) with delivery occurring at a specified future
date. | |
■ |
Listed
currency option – a call or put option on a foreign currency,
either on an exchange or in the over-the-counter market, that gives the
purchaser of the option the right to buy or sell, respectively, the
foreign currency at the exercise price until the option
expires. |
94 Prospectus
|
WisdomTree
Trust
Prospectus
95 |
96 Prospectus
|
Alternative Credit
Sector |
Primary Alternative Credit
Investments | |
Private
Corporate Lending |
Private
loans made to middle market corporations and/or any other type of private
middle market corporate lending or financing | |
Public
Corporate Debt |
High
yield bonds (“junk bonds”), broadly syndicated loans and/or collateralized
loan obligations (“CLOs”) | |
Commercial
Real Estate Lending |
Commercial
real estate-backed loans, non-agency commercial mortgage-backed
securities, and/or commercial real estate CLOs | |
Agency
Real Estate Debt |
Agency
residential mortgage-backed securities (including mortgage servicing
rights) and/or agency commercial mortgage-backed securities | |
Non-Agency
Real Estate Debt |
Real
estate-backed debt including residential and commercial real estate loans
and/or non-agency mortgage-backed securities | |
Multi-Sector
Alternative Credit |
Combination
of investments in the above-referenced five
sectors |
WisdomTree
Trust
Prospectus
97 |
98 Prospectus
|
WisdomTree
Trust
Prospectus
99 |
■ |
A
change in economic conditions, such as a recession, can adversely affect
the price of both industrial and precious metals. An economic downturn may
have a negative impact on the usage and demand of metals, which may result
in a loss for the Fund. | |
■ |
A
sudden shift in political conditions of the world’s leading metal
producers may have a negative effect on the global pricing of
metals. | |
■ |
An
increase in the hedging of precious metals may result in a decline in the
price of precious metals. | |
■ |
Changes
in global supply and demand for industrial and precious
metals. | |
■ |
The
price and quantity of imports and exports of industrial and precious
metals. | |
■ |
Technological
advances in the processing and mining of industrial and precious
metals. |
■ |
Farmer
planting decisions, and general economic, market and regulatory factors
all influence the price of agricultural
commodities. |
100 Prospectus
|
■ |
Weather
conditions, including hurricanes, tornadoes, storms and droughts, may have
a material adverse effect on crops, live cattle, live hogs and lumber,
which may result in significant fluctuations in prices in such
commodities. | |
■ |
Changes
in global supply and demand for agriculture products. | |
■ |
The
price and quantity of imports and exports of agricultural
commodities. | |
■ |
Political
conditions, including embargoes and war, in or affecting agricultural
production, imports and exports. | |
■ |
Technological
advances in agricultural production. | |
■ |
The
price and availability of alternative agricultural
commodities. |
■ |
Changes
in global supply and demand for oil and natural gas. By way of example,
the oil market has recently experienced fluctuations in supply and demand,
significantly impacting the price and volatility of oil, | |
■ |
The
price and quantity of imports and exports of oil and natural
gas. | |
■ |
Political
conditions, including embargoes and war, in or affecting other oil
producing activities. | |
■ |
The
level of global oil and natural gas exploration, inventories, production
or pricing. | |
■ |
Weather
conditions. | |
■ |
Technological
advances effecting energy consumption. | |
■ |
The
price and availability of alternative fuels. |
WisdomTree
Trust
Prospectus
101 |
102 Prospectus
|
WisdomTree
Trust
Prospectus
103 |
104 Prospectus
|
WisdomTree
Trust
Prospectus
105 |
106 Prospectus
|
WisdomTree
Trust
Prospectus
107 |
108 Prospectus
|
WisdomTree
Trust
Prospectus
109 |
110 Prospectus
|
WisdomTree
Trust
Prospectus
111 |
112 Prospectus
|
WisdomTree
Trust
Prospectus
113 |
114 Prospectus
|
WisdomTree
Trust
Prospectus
115 |
116 Prospectus
|
WisdomTree
Trust
Prospectus
117 |
Name of
Fund |
Management
Fee |
Bloomberg
U.S. Dollar Bullish Fund |
0.50% |
Chinese
Yuan Strategy Fund |
0.45% |
Emerging
Currency Strategy Fund |
0.55% |
Emerging
Markets Corporate Bond Fund |
0.60% |
Emerging
Markets Local Debt Fund |
0.55% |
Floating
Rate Treasury Fund |
0.15% |
Interest
Rate Hedged High Yield Bond Fund |
0.43% |
Interest
Rate Hedged U.S. Aggregate Bond Fund |
0.23% |
Mortgage
Plus Bond Fund |
0.45% |
Yield
Enhanced U.S. Aggregate Bond Fund |
0.12% |
Yield
Enhanced U.S. Short-Term Aggregate Bond Fund |
0.12% |
CBOE
S&P 500 PutWrite Strategy Fund |
0.44% |
Managed
Futures Strategy Fund |
0.65%
(1) |
Alternative
Income Fund |
0.50% |
Enhanced
Commodity Strategy Fund |
0.55% |
(1) |
The
Fund's contractual Management Fee waiver, which limited the Management Fee
to 0.65%, expired on December 31, 2020, and the Fund's Board of Trustees
reduced the Fund's Management Fee to 0.65% effective January 1,
2021. |
118 Prospectus
|
WisdomTree
Trust
Prospectus
119 |
120 Prospectus
|
WisdomTree
Trust
Prospectus
121 |
122 WisdomTree
Trust
Prospectus
|
WisdomTree
Trust
Prospectus
123 |
124 WisdomTree
Trust
Prospectus
|
WisdomTree
Trust
Prospectus
125 |
■ |
A
Fund makes distributions; | |
■ |
You
sell Fund shares; and | |
■ |
You
purchase or redeem Creation Units (APs only). |
126 WisdomTree
Trust
Prospectus
|
WisdomTree
Trust
Prospectus
127 |
128 WisdomTree
Trust
Prospectus
|
WisdomTree
Trust
Prospectus
129 |
130 WisdomTree
Trust
Prospectus
|
WisdomTree
Trust
Prospectus
131 |
132 WisdomTree
Trust
Prospectus
|
WisdomTree
Trust
Prospectus
133 |
WisdomTree
Bloomberg U.S. Dollar Bullish Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
26.23 |
|
|
$ |
28.11 |
|
|
$ |
26.73 |
|
|
$ |
25.64 |
|
|
$ |
26.34 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income (loss)
1 |
|
|
(0.12 |
) |
|
|
0.05 |
|
|
|
0.47 |
|
|
|
0.21 |
|
|
|
0.00 |
2 |
Net
realized and unrealized gain (loss) |
|
|
(0.37 |
) |
|
|
(1.11 |
) |
|
|
1.15 |
|
|
|
0.88 |
* |
|
|
(0.70 |
) |
Total
from investment operations |
|
|
(0.49 |
) |
|
|
(1.06 |
) |
|
|
1.62 |
|
|
|
1.09 |
|
|
|
(0.70 |
) |
Dividends
to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.17 |
) |
|
|
(0.82 |
) |
|
|
(0.24 |
) |
|
|
— |
|
|
|
— |
|
Net
asset value, end of year |
|
$ |
25.57 |
|
|
$ |
26.23 |
|
|
$ |
28.11 |
|
|
$ |
26.73 |
|
|
$ |
25.64 |
|
TOTAL
RETURN
3 |
|
|
(1.85 |
)% |
|
|
(3.87 |
)% |
|
|
6.09 |
% |
|
|
4.25 |
%
4 |
|
|
(2.66 |
)% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
143,168 |
|
|
$ |
83,951 |
|
|
$ |
44,974 |
|
|
$ |
90,884 |
|
|
$ |
138,462 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
0.50 |
%
5,6 |
|
|
0.50 |
%
5,6 |
|
|
0.50 |
%
5,6 |
|
|
0.50 |
%
5,6 |
|
|
0.50 |
% |
Net
investment income (loss) |
|
|
(0.45 |
)%
6 |
|
|
0.19 |
%
6 |
|
|
1.71 |
%
6 |
|
|
0.83 |
%
6 |
|
|
0.00 |
%
7 |
Portfolio
turnover rate
8 |
|
|
55 |
%
9 |
|
|
266 |
%
9 |
|
|
23 |
%
9 |
|
|
0 |
% |
|
|
0 |
% |
WisdomTree
Chinese Yuan Strategy Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
25.80 |
|
|
$ |
24.80 |
|
|
$ |
25.49 |
|
|
$ |
25.54 |
|
|
$ |
24.42 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income (loss)
1 |
|
|
(0.11 |
) |
|
|
0.15 |
|
|
|
0.47 |
|
|
|
0.24 |
|
|
|
0.02 |
|
Net
realized and unrealized gain (loss) |
|
|
2.27 |
|
|
|
1.36 |
|
|
|
(0.87 |
) |
|
|
(0.29 |
) |
|
|
1.10 |
|
Total
from investment operations |
|
|
2.16 |
|
|
|
1.51 |
|
|
|
(0.40 |
) |
|
|
(0.05 |
) |
|
|
1.12 |
|
Dividends
to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.11 |
) |
|
|
(0.51 |
) |
|
|
(0.29 |
) |
|
|
— |
|
|
|
— |
|
Net
asset value, end of year |
|
$ |
27.85 |
|
|
$ |
25.80 |
|
|
$ |
24.80 |
|
|
$ |
25.49 |
|
|
$ |
25.54 |
|
TOTAL RETURN
3 |
|
|
8.39 |
% |
|
|
6.16 |
% |
|
|
(1.59 |
)% |
|
|
(0.20 |
)% |
|
|
4.59 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
43,166 |
|
|
$ |
24,507 |
|
|
$ |
26,044 |
|
|
$ |
31,861 |
|
|
$ |
38,312 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
0.45 |
%
5,6 |
|
|
0.45 |
%
5,6 |
|
|
0.45 |
%
5,6 |
|
|
0.45 |
%
5,6 |
|
|
0.45 |
% |
Net
investment income (loss) |
|
|
(0.41 |
)%
6 |
|
|
0.60 |
%
6 |
|
|
1.82 |
%
6 |
|
|
0.92 |
%
6 |
|
|
0.09 |
% |
Portfolio
turnover rate
8 |
|
|
25 |
%
10 |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
* |
Includes
a voluntary reimbursement from the sub-advisor of less than $0.01 per
share for investment losses on certain foreign currency contract
transactions during the fiscal year ended August 31, 2018. |
1 |
Based
on average shares outstanding. |
2 |
Amount
represents less than $0.005. |
3 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. For the periods in which the investment advisor
waived advisory fees, the total return would have been lower if certain
expenses had not been waived. |
4 |
Includes
a voluntary reimbursement from the sub-advisor for investment losses on
certain foreign currency contract transactions during the period.
Excluding this voluntary reimbursement, total return would have been
unchanged. |
5 |
The
expense ratio includes investment advisory fee waivers. Without these
investment advisory fee waivers, the expense ratio would have been
unchanged. |
6 |
The
ratios to average net assets do not include net investment income (loss)
or expenses of other funds in which the Fund invests. |
7 |
Amount
represents less than 0.005%. |
8 |
Portfolio
turnover rate excludes the value of the portfolio securities received or
delivered as a result of in-kind creations or redemptions of the Fund’s
capital shares. Short-term securities with maturities less than or equal
to 365 days are excluded from the portfolio turnover
calculation. |
9 |
During
the fiscal years ended August 31, 2021, August 31, 2020 and August 31,
2019, the Fund invested in the WisdomTree Floating Rate Treasury Fund
which is considered a long term security for purposes of computing the
portfolio turnover rate. During the fiscal years ended August 31, 2021,
August 31, 2020 and August 31, 2019, the WisdomTree Floating Rate Fund was
the only long-term security held or transacted in the portfolio, as a
result, the variability in the portfolio turnover was primarily driven by
the transaction activity during the fiscal year for this security only
(see the “Investment in Affiliates” supplementary table included in the
Schedule of Investments for transaction activity related to this security
for the current fiscal year). |
10 |
During
the fiscal year ended August 31, 2021, the Fund invested in the WisdomTree
Floating Rate Treasury Fund which is considered a long term security for
purposes of computing the portfolio turnover rate. During the fiscal year
ended August 31, 2021, the WisdomTree Floating Rate Fund was the only
long-term security held or transacted in the portfolio, as a result, the
variability in the portfolio turnover was primarily driven by the
transaction activity during the fiscal year for this security only (see
the “Investment in Affiliates” supplementary table included in the
Schedule of Investments for transaction activity related to this security
for the current fiscal year). |
134 Prospectus
|
WisdomTree
Emerging Currency Strategy Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
17.55 |
|
|
$ |
18.19 |
|
|
$ |
17.97 |
|
|
$ |
19.14 |
|
|
$ |
17.97 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income (loss)
1 |
|
|
(0.09 |
) |
|
|
0.12 |
|
|
|
0.31 |
|
|
|
0.16 |
|
|
|
0.00 |
2 |
Net
realized and unrealized gain (loss) |
|
|
0.85 |
|
|
|
(0.41 |
) |
|
|
0.25 |
|
|
|
(1.33 |
) |
|
|
1.17 |
|
Total
from investment operations |
|
|
0.76 |
|
|
|
(0.29 |
) |
|
|
0.56 |
|
|
|
(1.17 |
) |
|
|
1.17 |
|
Dividends
to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.12 |
) |
|
|
(0.35 |
) |
|
|
(0.34 |
) |
|
|
— |
|
|
|
— |
|
Net
asset value, end of year |
|
$ |
18.19 |
|
|
$ |
17.55 |
|
|
$ |
18.19 |
|
|
$ |
17.97 |
|
|
$ |
19.14 |
|
TOTAL RETURN
3 |
|
|
4.31 |
% |
|
|
(1.68 |
)% |
|
|
3.12 |
% |
|
|
(6.11 |
)% |
|
|
6.51 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
12,732 |
|
|
$ |
10,532 |
|
|
$ |
20,009 |
|
|
$ |
28,746 |
|
|
$ |
49,755 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
0.55 |
%
4,5 |
|
|
0.55 |
%
4,5 |
|
|
0.55 |
%
4,5 |
|
|
0.55 |
%
4,5 |
|
|
0.55 |
% |
Net
investment income (loss) |
|
|
(0.51 |
)%
5 |
|
|
0.65 |
%
5 |
|
|
1.68 |
%
5 |
|
|
0.82 |
%
5 |
|
|
0.01 |
% |
Portfolio
turnover rate
6 |
|
|
26 |
%
7 |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
WisdomTree
Emerging Markets Corporate Bond Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
74.14 |
|
|
$ |
72.72 |
|
|
$ |
68.58 |
|
|
$ |
72.91 |
|
|
$ |
71.93 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
1 |
|
|
2.63 |
|
|
|
2.99 |
|
|
|
3.00 |
|
|
|
2.84 |
|
|
|
2.87 |
|
Net
realized and unrealized gain (loss) |
|
|
1.94 |
|
|
|
1.47 |
8 |
|
|
4.17 |
|
|
|
(4.30 |
) |
|
|
0.98 |
|
Total
from investment operations |
|
|
4.57 |
|
|
|
4.46 |
|
|
|
7.17 |
|
|
|
(1.46 |
) |
|
|
3.85 |
|
Dividends
to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(2.60 |
) |
|
|
(3.04 |
) |
|
|
(3.03 |
) |
|
|
(2.87 |
) |
|
|
(2.87 |
) |
Net
asset value, end of year |
|
$ |
76.11 |
|
|
$ |
74.14 |
|
|
$ |
72.72 |
|
|
$ |
68.58 |
|
|
$ |
72.91 |
|
TOTAL RETURN
3 |
|
|
6.26 |
% |
|
|
6.37 |
% |
|
|
10.69 |
% |
|
|
(2.08 |
)% |
|
|
5.51 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
53,279 |
|
|
$ |
29,655 |
|
|
$ |
36,362 |
|
|
$ |
41,150 |
|
|
$ |
51,035 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
0.60 |
% |
|
|
0.60 |
% |
|
|
0.60 |
% |
|
|
0.60 |
% |
|
|
0.60 |
% |
Net
investment income |
|
|
3.48 |
% |
|
|
4.13 |
% |
|
|
4.26 |
% |
|
|
3.96 |
% |
|
|
4.03 |
% |
Portfolio
turnover rate
6 |
|
|
56 |
% |
|
|
43 |
% |
|
|
54 |
% |
|
|
132 |
% |
|
|
36 |
% |
1 |
Based
on average shares outstanding. |
2 |
Amount
represents less than $0.005. |
3 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. For the periods in which the investment advisor
waived advisory fees for the WisdomTree Emerging Currency Strategy Fund,
the total return would have been lower if certain expenses had not been
waived. |
4 |
The
expense ratio includes investment advisory fee waivers. Without these
investment advisory fee waivers, the expense ratio would have been
unchanged. |
5 |
The
ratios to average net assets do not include net investment income (loss)
or expenses of other funds in which the Fund invests. |
6 |
Portfolio
turnover rate excludes the value of the portfolio securities received or
delivered as a result of in-kind creations or redemptions of the Fund’s
capital shares. Short-term securities with maturities less than or equal
to 365 days are excluded from the portfolio turnover
calculation. |
7 |
During
the fiscal year ended August 31, 2021, the Fund invested in the WisdomTree
Floating Rate Treasury Fund which is considered a long term security for
purposes of computing the portfolio turnover rate. During the fiscal year
ended August 31, 2021, the WisdomTree Floating Rate Fund was the only
long-term security held or transacted in the portfolio, as a result, the
variability in the portfolio turnover was primarily driven by the
transaction activity during the fiscal year for this security only (see
the “Investment in Affiliates” supplementary table included in the
Schedule of Investments for transaction activity related to this security
for the current fiscal year). |
8 |
The
amount of net realized and unrealized gain per share does not correspond
with the amounts reported within the Statements of Changes due to the
timing of capital share transactions of Fund shares and fluctuating market
values during the fiscal year. |
WisdomTree
Trust
Prospectus
135 |
WisdomTree
Emerging Markets Local Debt Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
32.70 |
|
|
$ |
34.35 |
|
|
$ |
32.47 |
|
|
$ |
38.92 |
|
|
$ |
37.59 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
1 |
|
|
1.64 |
|
|
|
1.83 |
|
|
|
1.96 |
|
|
|
2.15 |
|
|
|
2.07 |
|
Net
realized and unrealized gain (loss) |
|
|
(0.33 |
) |
|
|
(1.76 |
)
2 |
|
|
1.72 |
|
|
|
(6.48 |
) |
|
|
1.00 |
|
Total
from investment operations |
|
|
1.31 |
|
|
|
0.07 |
|
|
|
3.68 |
|
|
|
(4.33 |
) |
|
|
3.07 |
|
Dividends
and distributions to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.52 |
) |
|
|
(0.60 |
) |
|
|
(0.82 |
) |
|
|
(2.06 |
) |
|
|
(0.82 |
) |
Tax
return of capital |
|
|
(1.01 |
) |
|
|
(1.12 |
) |
|
|
(0.98 |
) |
|
|
(0.06 |
) |
|
|
(0.92 |
) |
Total
dividends and distributions to shareholders |
|
|
(1.53 |
) |
|
|
(1.72 |
) |
|
|
(1.80 |
) |
|
|
(2.12 |
) |
|
|
(1.74 |
) |
Net
asset value, end of year |
|
$ |
32.48 |
|
|
$ |
32.70 |
|
|
$ |
34.35 |
|
|
$ |
32.47 |
|
|
$ |
38.92 |
|
TOTAL RETURN
3 |
|
|
4.06 |
% |
|
|
0.20 |
% |
|
|
11.54 |
% |
|
|
(11.66 |
)% |
|
|
8.46 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
134,784 |
|
|
$ |
127,519 |
|
|
$ |
195,783 |
|
|
$ |
172,083 |
|
|
$ |
256,851 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
0.55 |
% |
|
|
0.55 |
% |
|
|
0.55 |
% |
|
|
0.55 |
% |
|
|
0.55 |
% |
Net
investment income |
|
|
4.97 |
% |
|
|
5.42 |
% |
|
|
5.77 |
% |
|
|
5.71 |
% |
|
|
5.51 |
% |
Portfolio
turnover rate
4 |
|
|
31 |
% |
|
|
29 |
% |
|
|
27 |
% |
|
|
44 |
% |
|
|
39 |
% |
WisdomTree
Floating Rate Treasury Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
25.12 |
|
|
$ |
25.05 |
|
|
$ |
25.07 |
|
|
$ |
25.07 |
|
|
$ |
25.03 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income (loss)
1 |
|
|
(0.00 |
)
5 |
|
|
0.24 |
|
|
|
0.56 |
|
|
|
0.45 |
|
|
|
0.17 |
|
Net
realized and unrealized gain (loss) |
|
|
0.01 |
|
|
|
0.07 |
|
|
|
(0.05 |
) |
|
|
(0.07 |
) |
|
|
0.04 |
|
Total
from investment operations |
|
|
0.01 |
|
|
|
0.31 |
|
|
|
0.51 |
|
|
|
0.38 |
|
|
|
0.21 |
|
Dividends
and distributions to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.01 |
) |
|
|
(0.24 |
) |
|
|
(0.53 |
) |
|
|
(0.35 |
) |
|
|
(0.17 |
) |
Capital
gains |
|
|
(0.01 |
) |
|
|
— |
|
|
|
— |
|
|
|
(0.03 |
) |
|
|
— |
|
Total
dividends and distributions to shareholders |
|
|
(0.02 |
) |
|
|
(0.24 |
) |
|
|
(0.53 |
) |
|
|
(0.38 |
) |
|
|
(0.17 |
) |
Net
asset value, end of year |
|
$ |
25.11 |
|
|
$ |
25.12 |
|
|
$ |
25.05 |
|
|
$ |
25.07 |
|
|
$ |
25.07 |
|
TOTAL RETURN
3 |
|
|
0.00 |
%
6 |
|
|
1.26 |
% |
|
|
2.06 |
% |
|
|
1.53 |
% |
|
|
0.85 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
1,086,455 |
|
|
$ |
1,491,940 |
|
|
$ |
1,652,361 |
|
|
$ |
272,044 |
|
|
$ |
1,254 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses,
net of expense waivers |
|
|
0.15 |
% |
|
|
0.15 |
% |
|
|
0.15 |
% |
|
|
0.15 |
% |
|
|
0.15 |
% |
Expenses,
prior to expense waivers |
|
|
0.15 |
% |
|
|
0.15 |
% |
|
|
0.15 |
% |
|
|
0.17 |
% |
|
|
0.20 |
% |
Net
investment income (loss) |
|
|
(0.02 |
)% |
|
|
0.95 |
% |
|
|
2.22 |
% |
|
|
1.83 |
% |
|
|
0.68 |
% |
Portfolio
turnover rate
4 |
|
|
147 |
% |
|
|
163 |
% |
|
|
170 |
% |
|
|
170 |
% |
|
|
160 |
% |
1 |
Based
on average shares outstanding. |
2 |
The
amount of net realized and unrealized loss per share does not correspond
with the amounts reported within the Statements of Changes due to the
timing of capital share transactions of Fund shares and fluctuating market
values during the fiscal year. |
3 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. For the periods in which the investment advisor
waived advisory fees for the WisdomTree Floating Rate Treasury Fund, the
total return would have been lower if certain expenses had not been
waived. |
4 |
Portfolio
turnover rate excludes the value of the portfolio securities received or
delivered as a result of in-kind creations or redemptions of the Fund’s
capital shares. Short-term securities with maturities less than or equal
to 365 days are excluded from the portfolio turnover
calculation. |
5 |
Amount
represents less than $0.005. |
6 |
Amount
represents less than 0.005%. |
136 WisdomTree
Trust
Prospectus
|
WisdomTree
Interest Rate Hedged High Yield Bond Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
21.40 |
|
|
$ |
23.13 |
|
|
$ |
24.07 |
|
|
$ |
23.91 |
|
|
$ |
23.39 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
1 |
|
|
0.96 |
|
|
|
1.20 |
|
|
|
1.30 |
|
|
|
1.23 |
|
|
|
1.24 |
|
Net
realized and unrealized gain (loss) |
|
|
0.78 |
|
|
|
(1.73 |
) |
|
|
(0.91 |
) |
|
|
0.10 |
|
|
|
0.53 |
|
Net
increase from payment by affiliate |
|
|
0.01 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total
from investment operations |
|
|
1.75 |
|
|
|
(0.53 |
) |
|
|
0.39 |
|
|
|
1.33 |
|
|
|
1.77 |
|
Dividends
and distributions to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.96 |
) |
|
|
(1.20 |
) |
|
|
(1.30 |
) |
|
|
(1.17 |
) |
|
|
(1.25 |
) |
Capital
gains |
|
|
— |
|
|
|
— |
|
|
|
(0.03 |
) |
|
|
— |
|
|
|
— |
|
Total
dividends and distributions to shareholders |
|
|
(0.96 |
) |
|
|
(1.20 |
) |
|
|
(1.33 |
) |
|
|
(1.17 |
) |
|
|
(1.25 |
) |
Net
asset value, end of year |
|
$ |
22.19 |
|
|
$ |
21.40 |
|
|
$ |
23.13 |
|
|
$ |
24.07 |
|
|
$ |
23.91 |
|
TOTAL RETURN
2 |
|
|
8.33 |
%
3 |
|
|
(2.26 |
)% |
|
|
1.68 |
% |
|
|
5.68 |
% |
|
|
7.73 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
166,447 |
|
|
$ |
128,377 |
|
|
$ |
247,466 |
|
|
$ |
262,332 |
|
|
$ |
54,997 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses |
|
|
0.43 |
% |
|
|
0.43 |
% |
|
|
0.43 |
% |
|
|
0.43 |
% |
|
|
0.43 |
% |
Net
investment income |
|
|
4.40 |
% |
|
|
5.43 |
% |
|
|
5.52 |
% |
|
|
5.14 |
% |
|
|
5.19 |
% |
Portfolio
turnover rate
4 |
|
|
40 |
% |
|
|
101 |
%
5,6 |
|
|
61 |
% |
|
|
60 |
% |
|
|
57 |
% |
WisdomTree Interest Rate
Hedged U.S. Aggregate Bond Fund |
|
For the Year Ended August 31, 2021 |
|
For the Year Ended August 31, 2020 |
|
For the Year Ended August 31, 2019 |
|
For the Year Ended August 31, 2018 |
|
For the Year Ended August 31, 2017 | ||||||||||
Net asset value, beginning of year | $ | 47.04 | $ | 47.71 | $ | 47.82 | $ | 47.89 | $ | 48.01 | ||||||||||
Investment operations: | ||||||||||||||||||||
Net
investment income
1 |
0.69 | 1.11 | 1.36 | 1.18 | 0.95 | |||||||||||||||
Net realized and unrealized loss | (0.06 | ) | (0.60 | ) | (0.10 | ) | (0.07 | ) | (0.03 | ) | ||||||||||
Total from investment operations | 0.63 | 0.51 | 1.26 | 1.11 | 0.92 | |||||||||||||||
Dividends to shareholders: | ||||||||||||||||||||
Net investment income | (0.86 | ) | (1.18 | ) | (1.37 | ) | (1.18 | ) | (1.04 | ) | ||||||||||
Net asset value, end of year | $ | 46.81 | $ | 47.04 | $ | 47.71 | $ | 47.82 | $ | 47.89 | ||||||||||
TOTAL RETURN 2 |
1.34 | % | 1.08 | % | 2.69 | % | 2.35 | % | 1.93 | % | ||||||||||
RATIOS/SUPPLEMENTAL
DATA: |
||||||||||||||||||||
Net assets, end of year (000’s omitted) | $ | 215,330 | $ | 94,088 | $ | 76,337 | $ | 52,606 | $ | 23,945 | ||||||||||
Ratios to average net assets of: | ||||||||||||||||||||
Expenses | 0.23 | % | 0.23 | % | 0.23 | % | 0.23 | % | 0.23 | % | ||||||||||
Net investment income | 1.47 | % | 2.36 | % | 2.86 | % | 2.46 | % | 1.99 | % | ||||||||||
Portfolio
turnover rate
4,7 |
81 | % | 70 | % | 39 | % | 81 | % | 187 | % |
1 |
Based
on average shares outstanding. |
2 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. |
3 |
Includes
a voluntary reimbursement from the sub-advisor for an operational error
that resulted in investment transaction losses. Excluding the voluntary
reimbursement, total return would have been 0.05% lower. |
4 |
Portfolio
turnover rate excludes the value of the portfolio securities received or
delivered as a result of in-kind creations or redemptions of the Fund’s
capital shares. Short-term securities with maturities less than or equal
to 365 days are excluded from the portfolio turnover
calculation. |
5 |
The
increase in the portfolio turnover rate was primarily a result of the
change in investment objective and strategy on June 1, 2020. |
6 |
On
June 4, 2020, Voya Investment Management Co., LLC replaced Mellon
Investments Corporation as sub-advisor to the Fund. |
7 |
The
portfolio turnover rates excluding TBA roll transactions for the years
ended August 31, 2021, August 31, 2020, August 31, 2019, August 31, 2018
and August 31, 2017 were 23%, 33%, 12%, 28% and 45%,
respectively. |
WisdomTree
Trust
Prospectus
137 |
WisdomTree
Mortgage Plus Bond Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Period November 14, 2019* through August 31, 2020 | ||||
Net
asset value, beginning of period |
|
$ |
51.64 |
|
|
$ |
50.26 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
Net
investment income
1 |
|
|
0.45 |
|
|
|
0.66 |
|
Net
realized and unrealized gain |
|
|
0.06 |
|
|
|
1.55 |
|
Total
from investment operations |
|
|
0.51 |
|
|
|
2.21 |
|
Dividends
and distributions to shareholders: |
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.88 |
) |
|
|
(0.83 |
) |
Capital
gains |
|
|
(0.32 |
) |
|
|
— |
|
Tax
return of capital |
|
|
(0.01 |
) |
|
|
— |
|
Total
dividends and distributions to shareholders |
|
|
(1.21 |
) |
|
|
(0.83 |
) |
Net
asset value, end of period |
|
$ |
50.94 |
|
|
$ |
51.64 |
|
TOTAL RETURN
2 |
|
|
0.99 |
% |
|
|
4.45 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
Net
assets, end of period (000’s omitted) |
|
$ |
40,754 |
|
|
$ |
30,986 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
Expenses |
|
|
0.45 |
% |
|
|
0.45 |
%
3 |
Net
investment income |
|
|
0.88 |
% |
|
|
1.64 |
%
3 |
Portfolio
turnover rate
4,5 |
|
|
430 |
% |
|
|
278 |
% |
WisdomTree
Yield Enhanced U.S. Aggregate Bond Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
53.93 |
|
|
$ |
52.71 |
|
|
$ |
48.68 |
|
|
$ |
50.94 |
|
|
$ |
52.04 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
1 |
|
|
0.85 |
|
|
|
1.28 |
|
|
|
1.61 |
|
|
|
1.53 |
|
|
|
1.35 |
|
Net
realized and unrealized gain (loss) |
|
|
(0.76 |
) |
|
|
1.38 |
|
|
|
4.05 |
|
|
|
(2.26 |
) |
|
|
(0.85 |
) |
Total
from investment operations |
|
|
0.09 |
** |
|
|
2.66 |
|
|
|
5.66 |
|
|
|
(0.73 |
) |
|
|
0.50 |
|
Dividends
and distributions to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(1.14 |
) |
|
|
(1.44 |
) |
|
|
(1.63 |
) |
|
|
(1.53 |
) |
|
|
(1.38 |
) |
Capital
gains |
|
|
(0.27 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(0.22 |
) |
Total
dividends and distributions to shareholders |
|
|
(1.41 |
) |
|
|
(1.44 |
) |
|
|
(1.63 |
) |
|
|
(1.53 |
) |
|
|
(1.60 |
) |
Net
asset value, end of year |
|
$ |
52.61 |
|
|
$ |
53.93 |
|
|
$ |
52.71 |
|
|
$ |
48.68 |
|
|
$ |
50.94 |
|
TOTAL RETURN
2 |
|
|
0.18 |
% |
|
|
5.14 |
% |
|
|
11.92 |
% |
|
|
(1.44 |
)% |
|
|
1.05 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
1,089,075 |
|
|
$ |
1,315,856 |
|
|
$ |
880,193 |
|
|
$ |
418,662 |
|
|
$ |
168,105 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses,
net of expense waivers |
|
|
0.12 |
%
6 |
|
|
0.12 |
% |
|
|
0.12 |
% |
|
|
0.12 |
% |
|
|
0.12 |
% |
Expenses,
prior to expense waivers |
|
|
0.15 |
% |
|
|
0.20 |
% |
|
|
0.20 |
% |
|
|
0.20 |
% |
|
|
0.20 |
% |
Net
investment income |
|
|
1.61 |
% |
|
|
2.43 |
% |
|
|
3.25 |
% |
|
|
3.10 |
% |
|
|
2.69 |
% |
Portfolio
turnover rate
4,7 |
|
|
148 |
% |
|
|
88 |
% |
|
|
54 |
% |
|
|
82 |
% |
|
|
134 |
% |
* |
Commencement
of operations. The commencement of operations date is considered to be the
date that the Fund began trading in the secondary market. |
** |
The
total from investment operations per share does not correspond with the
amount reported within the Statements of Changes due to the timing of
capital share transactions of Fund shares and fluctuating market values
during the fiscal year. |
1 |
Based
on average shares outstanding. |
2 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. Total return calculated for a period of less than
one year is not annualized. For the periods in which the investment
advisor waived advisory fees for the WisdomTree Yield Enhanced U.S.
Aggregate Bond Fund, the total return would have been lower if certain
expenses had not been waived. |
3 |
Annualized. |
4 |
Portfolio
turnover rate is not annualized for fiscal periods less than one year and
excludes the value of the portfolio securities received or delivered as a
result of in-kind creations or redemptions of the Fund’s capital shares.
Short-term securities with maturities less than or equal to 365 days are
excluded from the portfolio turnover calculation. |
5 |
The
portfolio turnover rates excluding TBA roll transactions for the periods
ended August 31, 2021 and August 31, 2020 were 47% and 70%,
respectively. |
6 |
The
investment advisor had contractually agreed to limit the advisory fee to
0.12% through December 31, 2020. On December 31, 2020, the contractual
waiver expired and the advisory fee was permanently reduced to
0.12%. |
7 |
The
portfolio turnover rates excluding TBA roll transactions for the years
ended August 31, 2021, August 31, 2020, August 31, 2019, August 31, 2018
and August 31, 2017, were 41%, 65%, 44%, 38% and 59%,
respectively. |
138 WisdomTree
Trust
Prospectus
|
WisdomTree
Yield Enhanced U.S. Short-Term Aggregate Bond Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Period May 18, 2017* through August 31, 2017 | ||||||||||
Net
asset value, beginning of period |
|
$ |
51.60 |
|
|
$ |
50.58 |
|
|
$ |
48.88 |
|
|
$ |
50.25 |
|
|
$ |
50.06 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
1 |
|
|
0.50 |
|
|
|
1.19 |
|
|
|
1.40 |
|
|
|
1.17 |
|
|
|
0.26 |
|
Net
realized and unrealized gain (loss) |
|
|
(0.14 |
) |
|
|
1.05 |
|
|
|
1.69 |
|
|
|
(1.41 |
) |
|
|
0.17 |
|
Total
from investment operations |
|
|
0.36 |
|
|
|
2.24 |
|
|
|
3.09 |
|
|
|
(0.24 |
) |
|
|
0.43 |
|
Dividends
and distributions to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.51 |
) |
|
|
(1.22 |
) |
|
|
(1.39 |
) |
|
|
(1.07 |
) |
|
|
(0.24 |
) |
Capital
gains |
|
|
(0.22 |
) |
|
|
— |
|
|
|
— |
|
|
|
(0.06 |
) |
|
|
— |
|
Total
dividends and distributions to shareholders |
|
|
(0.73 |
) |
|
|
(1.22 |
) |
|
|
(1.39 |
) |
|
|
(1.13 |
) |
|
|
(0.24 |
) |
Net
asset value, end of period |
|
$ |
51.23 |
|
|
$ |
51.60 |
|
|
$ |
50.58 |
|
|
$ |
48.88 |
|
|
$ |
50.25 |
|
TOTAL RETURN
2 |
|
|
0.69 |
% |
|
|
4.51 |
% |
|
|
6.43 |
% |
|
|
(0.47 |
)% |
|
|
0.86 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
199,802 |
|
|
$ |
113,529 |
|
|
$ |
91,052 |
|
|
$ |
39,104 |
|
|
$ |
5,025 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses,
net of expense waivers |
|
|
0.12 |
%
3 |
|
|
0.12 |
% |
|
|
0.12 |
% |
|
|
0.12 |
% |
|
|
0.12 |
%
4 |
Expenses,
prior to expense waivers |
|
|
0.15 |
% |
|
|
0.20 |
% |
|
|
0.20 |
% |
|
|
0.20 |
% |
|
|
0.20 |
%
4 |
Net
investment income |
|
|
0.97 |
% |
|
|
2.34 |
% |
|
|
2.83 |
% |
|
|
2.40 |
% |
|
|
1.76 |
%
4 |
Portfolio
turnover rate
5,6 |
|
|
224 |
% |
|
|
106 |
% |
|
|
49 |
% |
|
|
177 |
% |
|
|
44 |
% |
WisdomTree
Alternative Income Fund |
|
For
the Period May 6, 2021* through August 31, 2021 | ||
Net
asset value, beginning of period |
|
$ |
24.96 |
|
Investment
operations: |
|
|
|
|
Net
investment income
1 |
|
|
0.43 |
|
Net
realized and unrealized gain |
|
|
0.40 |
|
Total
from investment operations |
|
|
0.83 |
|
Net
asset value, end of period |
|
$ |
25.79 |
|
TOTAL RETURN
2 |
|
|
3.33 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
Net
assets, end of period (000’s omitted) |
|
$ |
10,315 |
|
Ratios
to average net assets
7 of: |
|
|
|
|
Expenses |
|
|
0.50 |
%
4 |
Net
investment income |
|
|
5.39 |
%
4 |
Portfolio
turnover rate
5 |
|
|
2 |
% |
* |
Commencement
of operations. The commencement of operations date is considered to be the
date that the Fund began trading in the secondary market. |
1 |
Based
on average shares outstanding. |
2 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. Total return calculated for a period of less than
one year is not annualized. For the periods in which the investment
advisor waived advisory fees for the WisdomTree Yield Enhanced U.S.
Short-Term Aggregate Bond Fund, the total return would have been lower if
certain expenses had not been waived. |
3 |
The
investment advisor had contractually agreed to limit the advisory fee to
0.12% through December 31, 2020. On December 31, 2020, the contractual
waiver expired and the advisory fee was permanently reduced to
0.12%. |
4 |
Annualized. |
5 |
Portfolio
turnover rate is not annualized for fiscal periods less than one year and
excludes the value of the portfolio securities received or delivered as a
result of in-kind creations or redemptions of the Fund’s capital shares.
Short-term securities with maturities less than or equal to 365 days are
excluded from the portfolio turnover calculation. |
6 |
The
portfolio turnover rates excluding TBA roll transactions for the periods
ended August 31, 2021, August 31, 2020, August 31, 2019, August 31, 2018
and August 31, 2017 were 49%, 46%, 24%, 120% and 22%,
respectively. |
7 |
The
ratios to average net assets do not include net investment income (loss)
or expenses of other funds in which the Fund
invests. |
WisdomTree
Trust
Prospectus
139 |
WisdomTree
CBOE S&P 500 PutWrite Strategy Fund |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
26.64 |
|
|
$ |
27.45 |
|
|
$ |
30.57 |
|
|
$ |
29.23 |
|
|
$ |
27.05 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income (loss)
1 |
|
|
(0.11 |
) |
|
|
0.24 |
|
|
|
0.49 |
|
|
|
0.22 |
|
|
|
0.06 |
|
Net
realized and unrealized gain (loss) |
|
|
6.67 |
|
|
|
(0.63 |
)
2 |
|
|
(1.96 |
) |
|
|
2.15 |
|
|
|
2.74 |
|
Total
from investment operations |
|
|
6.56 |
|
|
|
(0.39 |
) |
|
|
(1.47 |
) |
|
|
2.37 |
|
|
|
2.80 |
|
Dividends
and distributions to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.41 |
) |
|
|
(0.42 |
) |
|
|
(0.25 |
) |
|
|
(0.06 |
) |
|
|
— |
|
Capital
gains |
|
|
— |
|
|
|
— |
|
|
|
(1.40 |
) |
|
|
(0.97 |
) |
|
|
(0.62 |
) |
Total
dividends and distributions to shareholders |
|
|
(0.41 |
) |
|
|
(0.42 |
) |
|
|
(1.65 |
) |
|
|
(1.03 |
) |
|
|
(0.62 |
) |
Net
asset value, end of year |
|
$ |
32.79 |
|
|
$ |
26.64 |
|
|
$ |
27.45 |
|
|
$ |
30.57 |
|
|
$ |
29.23 |
|
TOTAL RETURN
3 |
|
|
24.87 |
% |
|
|
(1.52 |
)% |
|
|
(4.72 |
)% |
|
|
8.28 |
% |
|
|
10.52 |
% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
63,940 |
|
|
$ |
117,225 |
|
|
$ |
211,350 |
|
|
$ |
238,434 |
|
|
$ |
204,635 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses,
net of expense waivers |
|
|
0.44 |
%
4 |
|
|
0.41 |
%
4 |
|
|
0.38 |
% |
|
|
0.38 |
% |
|
|
0.38 |
% |
Expenses,
prior to expense waivers |
|
|
0.44 |
%
4 |
|
|
0.44 |
%
4 |
|
|
0.44 |
% |
|
|
0.44 |
% |
|
|
0.44 |
% |
Net
investment income (loss) |
|
|
(0.38 |
)%
4 |
|
|
0.90 |
%
4 |
|
|
1.78 |
% |
|
|
0.76 |
% |
|
|
0.21 |
% |
Portfolio
turnover rate
5 |
|
|
18 |
%
6 |
|
|
72 |
%
6 |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
1 |
Based
on average shares outstanding. |
2 |
The
amount of net realized and unrealized loss per share does not correspond
with the amounts reported within the Statements of Changes due to the
timing of capital share transactions of Fund shares and fluctuating market
values during the fiscal year. |
3 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. Total return calculated for a period of less than
one year is not annualized. For the periods in which the investment
advisor waived advisory fees, the total return would have been lower if
certain expenses had not been waived. |
4 |
The
ratios to average net assets do not include net investment income (loss)
or expenses of other funds in which the Fund invests. |
5 |
Portfolio
turnover rate is not annualized for fiscal periods less than one year and
excludes the value of the portfolio securities received or delivered as a
result of in-kind creations or redemptions of the Fund’s capital shares.
Short-term securities with maturities less than or equal to 365 days are
excluded from the portfolio turnover calculation. |
6 |
During
the fiscal years ended August 31, 2021 and August 31, 2020, the Fund
invested in the WisdomTree Floating Rate Treasury Fund which is considered
a long-term security for purposes of computing the portfolio turnover
rate. During the fiscal years ended August 31, 2021 and August 31, 2020,
the WisdomTree Floating Rate Treasury Fund was the only long-term security
held or transacted in the portfolio, as a result, the variability in the
portfolio turnover rate was primarily driven by the transaction activity
during the fiscal year for this security only (see the “Investment in
Affiliates” supplementary table included in the Schedule of Investments
for transaction activity related to this security for the current fiscal
year). |
140 Prospectus
|
WisdomTree
Enhanced Commodity Strategy Fund (consolidated)* |
|
For
the Period December 19, 2020 through August 31, 2021 |
|
For
the Period January 1, 2020 through December 18, 2020 |
|
For
the Year Ended December 31, 2019 |
|
For
the Year Ended December 31, 2018 |
|
For
the Year Ended December 31, 2017 | ||||||||||
|
|
Post-Reorganization |
|
Pre-Reorganization |
|
|
|
|
|
|
|
|
|
|
|
| ||||
Net
asset value, beginning of period |
|
$ |
18.74 |
|
|
$ |
18.80 |
|
|
$ |
17.50 |
|
|
$ |
19.25 |
|
|
$ |
19.35 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income (loss)
1 |
|
|
(0.08 |
) |
|
|
(0.03 |
) |
|
|
0.23 |
|
|
|
0.18 |
|
|
|
0.00 |
2 |
Net
realized and unrealized gain (loss) |
|
|
3.46 |
|
|
|
(0.03 |
) |
|
|
1.07 |
|
|
|
(1.93 |
) |
|
|
(0.10 |
) |
Net
increase from payment by affiliate |
|
|
0.00 |
2 |
|
|
0.00 |
2 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total
from investment operations |
|
|
3.38 |
|
|
|
(0.06 |
) |
|
|
1.30 |
|
|
|
(1.75 |
) |
|
|
(0.10 |
) |
Net
asset value, end of period |
|
$ |
22.12 |
|
|
$ |
18.74 |
|
|
$ |
18.80 |
|
|
$ |
17.50 |
|
|
$ |
19.25 |
|
TOTAL RETURN
3 |
|
|
18.04 |
%
4 |
|
|
(0.32 |
)%
4 |
|
|
7.43 |
% |
|
|
(9.09 |
)% |
|
|
(0.52 |
)% |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of period (000’s omitted) |
|
$ |
193,552 |
|
|
$ |
99,333 |
|
|
$ |
127,836 |
|
|
$ |
154,855 |
|
|
$ |
154,956 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses,
net of expense waivers |
|
|
0.55 |
%
5,6 |
|
|
0.75 |
%
6 |
|
|
0.75 |
% |
|
|
0.75 |
% |
|
|
0.75 |
% |
Expenses,
prior to expense waivers |
|
|
0.55 |
%
5,6 |
|
|
0.85 |
%
6 |
|
|
0.85 |
% |
|
|
0.85 |
% |
|
|
0.85 |
% |
Net
investment income (loss) |
|
|
(0.52 |
)%
5,6 |
|
|
(0.18 |
)%
6 |
|
|
1.30 |
% |
|
|
0.94 |
% |
|
|
0.01 |
% |
Portfolio
turnover rate
7 |
|
|
22 |
%
8 |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
* |
After
the close of business on December 18, 2020, the WisdomTree Continuous
Commodity Index Fund (the “Predecessor Fund”), a commodity pool that was
not registered under the Investment Company Act of 1940, as amended (“1940
Act”), was reorganized into the WisdomTree Enhanced Commodity Strategy
Fund (the “Successor Fund”), an investment company registered under the
1940 Act. The Successor Fund adopted the financial information for the
Predecessor Fund. Accordingly, information presented prior to the close of
business on December 18, 2020 is that of the Predecessor Fund prior to the
reorganization into a regulated investment company under the 1940
Act. |
1 |
Based
on average shares outstanding. |
2 |
Amount
represents less than $0.005. |
3 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. Total return calculated for a period of less than
one year is not annualized. For the periods in which the investment
advisor (or the Managing Owner, with respect to the Predecessor Fund)
waived advisory fees, the total return would have been lower if certain
expenses had not been waived. |
4 |
Includes
a voluntary reimbursement from the advisor for brokerage commissions
incurred in connection with the Reorganization. Excluding this voluntary
reimbursement, total return would have been unchanged. |
5 |
The
ratios to average net assets do not include net investment income (loss)
or expenses of other funds in which the Fund invests. |
6 |
Annualized. |
7 |
Portfolio
turnover rate is not annualized for fiscal periods less than one year and
excludes the value of the portfolio securities received or delivered as a
result of in-kind creations or redemptions of the Fund’s capital shares.
Short-term securities with maturities less than or equal to 365 days are
excluded from the portfolio turnover calculation. |
8 |
During
the fiscal period ended August 31, 2021, the Fund invested in the
WisdomTree Floating Rate Treasury Fund which is considered a long-term
security for purposes of computing the portfolio turnover rate. During the
fiscal period ended August 31, 2021, the WisdomTree Floating Rate Treasury
Fund was the only long-term security held or transacted in the portfolio,
as a result, the variability in the portfolio turnover rate was primarily
driven by the transaction activity during the fiscal period for this
security only (see the “Investment in Affiliates” supplementary table
included in the Schedule of Investments for transaction activity related
to this security for the current fiscal period). |
WisdomTree
Trust
Prospectus
141 |
WisdomTree
Managed Futures Strategy Fund (consolidated) |
|
For
the Year Ended August 31, 2021 |
|
For
the Year Ended August 31, 2020 |
|
For
the Year Ended August 31, 2019 |
|
For
the Year Ended August 31, 2018 |
|
For
the Year Ended August 31, 2017 | ||||||||||
Net
asset value, beginning of year |
|
$ |
35.31 |
|
|
$ |
39.08 |
|
|
$ |
40.57 |
|
|
$ |
38.84 |
|
|
$ |
41.12 |
|
Investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income (loss)
1 |
|
|
(0.23 |
) |
|
|
0.17 |
|
|
|
0.55 |
|
|
|
0.26 |
|
|
|
(0.07 |
) |
Net
realized and unrealized gain (loss) |
|
|
6.50 |
|
|
|
(3.34 |
) |
|
|
(0.65 |
) |
|
|
1.47 |
|
|
|
(2.21 |
) |
Net
increase from payment by affiliate |
|
|
0.00 |
2 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total
from investment operations |
|
|
6.27 |
|
|
|
(3.17 |
) |
|
|
(0.10 |
) |
|
|
1.73 |
|
|
|
(2.28 |
) |
Dividends
to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income |
|
|
(0.17 |
) |
|
|
(0.60 |
) |
|
|
(1.39 |
) |
|
|
— |
|
|
|
— |
|
Net
asset value, end of year |
|
$ |
41.41 |
|
|
$ |
35.31 |
|
|
$ |
39.08 |
|
|
$ |
40.57 |
|
|
$ |
38.84 |
|
TOTAL RETURN
3 |
|
|
17.83 |
%
6 |
|
|
(8.17 |
)% |
|
|
(0.22 |
)%
4 |
|
|
4.45 |
% |
|
|
(5.54 |
)%
5 |
RATIOS/SUPPLEMENTAL
DATA: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
assets, end of year (000’s omitted) |
|
$ |
147,001 |
|
|
$ |
112,993 |
|
|
$ |
216,875 |
|
|
$ |
160,250 |
|
|
$ |
170,879 |
|
Ratios
to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses,
net of expense waivers |
|
|
0.65 |
%
7,8 |
|
|
0.65 |
%
7 |
|
|
0.65 |
% |
|
|
0.65 |
% |
|
|
0.65 |
% |
Expenses,
prior to expense waivers |
|
|
0.68 |
%
7 |
|
|
0.75 |
%
7 |
|
|
0.75 |
% |
|
|
0.75 |
% |
|
|
0.75 |
% |
Net
investment income (loss) |
|
|
(0.60 |
)%
7 |
|
|
0.46 |
%
7 |
|
|
1.40 |
% |
|
|
0.66 |
% |
|
|
(0.18 |
)% |
Portfolio
turnover rate
9 |
|
|
25 |
%
10 |
|
|
97 |
%
10 |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
1 |
Based
on average shares outstanding. |
2 |
Amount
represents less than $0.005. |
3 |
Total
return is calculated assuming an initial investment made at the net asset
value at the beginning of the period, reinvestment of all dividends and
distributions at net asset value during the period and redemption on the
last day of the period. For the periods in which the investment advisor
waived advisory fees, the total return would have been lower if certain
expenses had not been waived. |
4 |
Includes
a voluntary reimbursement from the sub-advisor for investment losses on
certain futures contract transactions during the period. Excluding this
voluntary reimbursement, total return would have been
unchanged. |
5 |
Includes
a voluntary reimbursement from the sub-advisor for investment losses on
certain futures contract transactions during the period. Excluding this
voluntary reimbursement, total return would have been 0.08%
lower. |
6 |
Includes
a voluntary reimbursement from the sub-advisor for investment losses on
certain futures contract transactions during the period. Excluding this
voluntary reimbursement, total return would have been
unchanged. |
7 |
The
ratios to average net assets do not include net investment income (loss)
or expenses of other funds in which the Fund invests. |
8 |
The
investment advisor had contractually agreed to limit the advisory fee to
0.65% through December 31, 2020. On December 31, 2020, the contractual
waiver expired and the advisory fee was permanently reduced to
0.65%. |
9 |
Portfolio
turnover rate excludes the value of the portfolio securities received or
delivered as a result of in-kind creations or redemptions of the Fund’s
capital shares. Short-term securities with maturities less than or equal
to 365 days are excluded from the portfolio turnover
calculation. |
10 |
During
the fiscal years ended August 31, 2021 and August 31, 2020, the Fund
invested in the WisdomTree Floating Rate Treasury Fund which is considered
a long term security for purposes of computing the portfolio turnover
rate. During the fiscal years ended August 31, 2021 and August 31, 2020,
the WisdomTree Floating Rate Fund was the only long-term security held or
transacted in the portfolio, as a result, the variability in the portfolio
turnover was primarily driven by the transaction activity during the
fiscal year for this security only (see the “Investment in Affiliates”
supplementary table included in the Schedule of Investments for
transaction activity related to this security for the current fiscal
year). |
142 Prospectus
|
|
|
|
|
The Funds' current SAI
provides additional detailed information about the Funds. The Trust has
electronically filed the SAI with the SEC. It is incorporated by reference
in this Prospectus.
Additional information about
the Funds' investments is available in the Funds' annual and semi-annual
reports to shareholders. In the annual report you will find a discussion
of the market conditions and investment strategies that significantly
affected the Funds' performance during the last fiscal year.
To make shareholder
inquiries, for more detailed information on the Funds, or to request the
SAI or annual or semi-annual shareholder reports, as applicable, free of
charge, please:
|
|
| |||
Call: |
1-866-909-9473 Monday through Friday 9:00 a.m. to 5:30 p.m. (Eastern time) |
Write: |
WisdomTree Trust c/o Foreside Fund Services, LLC Three Canal Plaza, Suite 100 Portland, Maine 04101 |
|
|
Visit: |
www.wisdomtree.com |
|
|
|
|
|
|
| |||
Reports and other
information about the Funds are available on the EDGAR Database on the
SEC’s Internet site at www.sec.gov, and copies of this information may be
obtained, after paying a duplicating fee, by electronic request at the
following e-mail address: [email protected].
No person is authorized to
give any information or to make any representations about any Fund and its
shares not contained in this Prospectus and you should not rely on any
other information. Read and keep this Prospectus for future
reference. |
|
© 2022 WisdomTree
Trust
WisdomTree Funds are
distributed in the U.S. by
Foreside Fund Services, LLC Three Canal Plaza, Suite 100 Portland, Maine 04101 WisdomTree
® is
a registered mark of WisdomTree Investments, Inc. INVESTMENT COMPANY ACT
FILE NO. 811-21864 WIS-PR-002-0222 |