LOGO

 

LOGO

 

WisdomTree Trust

Semi-Annual Report

September 30, 2022

 

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

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

WisdomTree Emerging Markets High Dividend Fund (DEM)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

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

WisdomTree Global High Dividend Fund (DEW)

WisdomTree Growth Leaders Fund (PLAT)

WisdomTree India Earnings Fund (EPI)

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

WisdomTree New Economy Real Estate Fund (WTRE)

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


Table of Contents

 

Information about Performance and Shareholder Expense Examples (unaudited)

       1  
Performance Summary (unaudited)        2
Description of Terms and Indexes (unaudited)        14  
Schedules of Investments (unaudited)

 

WisdomTree China ex-State-Owned Enterprises Fund

       17  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       22  

WisdomTree Emerging Markets High Dividend Fund

       31  

WisdomTree Emerging Markets Multifactor Fund

       38  

WisdomTree Emerging Markets Quality Dividend Growth Fund

       43  

WisdomTree Emerging Markets SmallCap Dividend Fund

       48  

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

       60  

WisdomTree Global High Dividend Fund

       65  

WisdomTree Growth Leaders Fund

       74  

WisdomTree India Earnings Fund (consolidated)

       76  

WisdomTree India ex-State-Owned Enterprises Fund

       83  

WisdomTree New Economy Real Estate Fund

       86  

Statements of Assets and Liabilities (unaudited)

       88  

Statements of Operations (unaudited)

       91  

Statements of Changes in Net Assets (unaudited)

       94  

Financial Highlights (unaudited)

       98  

Notes to Financial Statements (unaudited)

       104  

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

       118  

General Information (unaudited)

       121  

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


Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

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

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      1  


Performance Summary

as of September 30, 2022 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    34.7%  

Communication Services

    16.3%  

Health Care

    10.1%  

Information Technology

    9.9%  

Industrials

    8.9%  

Financials

    6.6%  

Consumer Staples

    6.0%  

Materials

    4.3%  

Real Estate

    2.0%  

Utilities

    0.7%  

Energy

    0.4%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    10.5

Alibaba Group Holding Ltd.

    8.8

Meituan, Class B

    5.0

JD.com, Inc., Class A

    3.4

Contemporary Amperex Technology Co. Ltd., Class A

    2.9

Pinduoduo, Inc., ADR

    2.1

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

    2.0

Baidu, Inc., Class A

    2.0

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

    1.8

Wuxi Biologics Cayman, Inc.

    1.6
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 782.50        0.32   $ 1.43  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.46        0.32   $ 1.62  

Performance

 

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

Fund NAV Returns

       -21.75      -39.82      -3.01      -3.10      3.95

Fund Market Price Returns

       -20.58      -40.22      -3.04      -3.38      3.94

WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index1

       -21.54      -39.53      -2.74      -3.32      4.25

MSCI China Index

       -19.85      -35.40      -7.18      -5.56      2.37

FTSE China 50 Index

       -20.35      -31.82      -11.00      -7.11      0.12
*

Returns of less than one year are cumulative.

 

1 

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

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

 

2   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.9%  

Consumer Discretionary

    17.2%  

Financials

    16.6%  

Communication Services

    9.6%  

Materials

    7.7%  

Consumer Staples

    7.5%  

Health Care

    6.5%  

Industrials

    6.4%  

Energy

    3.6%  

Utilities

    1.9%  

Real Estate

    1.3%  

Other Assets less Liabilities‡

    -0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    5.6%  

Samsung Electronics Co. Ltd.

    4.1%  

Tencent Holdings Ltd.

    4.0%  

Alibaba Group Holding Ltd.

    2.8%  

Reliance Industries Ltd., GDR

    2.3%  

Meituan, Class B

    1.6%  

ICICI Bank Ltd., ADR

    1.4%  

Housing Development Finance Corp. Ltd.

    1.3%  

Infosys Ltd., ADR

    1.3%  

JD.com, Inc., Class A

    1.2%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 768.80        0.32   $ 1.42  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.46        0.32   $ 1.62  

Performance

 

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

Fund NAV Returns

       -23.12      -32.10      -1.63      -1.55      1.99

Fund Market Price Returns

       -23.00      -32.45      -2.07      -1.85      1.95

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       -23.20      -31.72      -0.99      -1.04      2.89

MSCI Emerging Markets Index

       -21.70      -28.11      -2.07      -1.81      1.26
*

Returns of less than one year are cumulative.

 

1 

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

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

 

WisdomTree Trust      3  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.9%  

Materials

    21.1%  

Energy

    13.2%  

Information Technology

    11.4%  

Consumer Staples

    6.9%  

Utilities

    5.4%  

Industrials

    5.0%  

Communication Services

    4.6%  

Real Estate

    4.4%  

Consumer Discretionary

    2.0%  

Health Care

    0.3%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Vale SA

    9.6%  

Petroleo Brasileiro SA

    4.6%  

China Construction Bank Corp., Class H

    3.6%  

Hon Hai Precision Industry Co. Ltd.

    2.6%  

Industrial & Commercial Bank of China Ltd., Class H

    2.2%  

Bank of China Ltd., Class H

    2.1%  

Grupo Mexico SAB de CV, Series B

    1.6%  

China Shenhua Energy Co. Ltd., Class H

    1.5%  

Telkom Indonesia Persero Tbk PT

    1.5%  

ITC Ltd.

    1.4%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 797.90        0.63   $ 2.84  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.91        0.63   $ 3.19  

Performance

 

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

Fund NAV Returns

       -20.21      -18.33      -1.47      0.24      -0.09

Fund Market Price Returns

       -20.59      -18.33      -1.64      -0.04      -0.15

WisdomTree Emerging Markets High Dividend Index

       -20.74      -17.59      -0.49      1.07      0.82

MSCI Emerging Markets Index

       -21.70      -28.11      -2.07      -1.81      1.05

MSCI Emerging Markets Value Index

       -20.60      -23.63      -2.57      -2.13      -0.41
*

Returns of less than one year are cumulative.

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

 

4   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    16.9%  

Information Technology

    13.9%  

Consumer Staples

    11.6%  

Industrials

    10.6%  

Consumer Discretionary

    8.9%  

Communication Services

    8.8%  

Energy

    7.9%  

Materials

    7.7%  

Health Care

    6.9%  

Utilities

    5.6%  

Real Estate

    0.4%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    2.7%  

Hengan International Group Co. Ltd.

    1.3%  

Tingyi Cayman Islands Holding Corp.

    1.2%  

Want Want China Holdings Ltd.

    1.1%  

Tencent Holdings Ltd.

    1.0%  

Daqo New Energy Corp., ADR

    1.0%  

Vipshop Holdings Ltd., ADR

    1.0%  

Kingboard Holdings Ltd.

    0.9%  

Mahindra & Mahindra Ltd.

    0.9%  

Bajaj Auto Ltd.

    0.8%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 848.10        0.48   $ 2.22  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.66        0.48   $ 2.43  

Performance

 

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

Fund NAV Returns

       -15.19      -20.27      -0.82      -2.87

Fund Market Price Returns

       -14.94      -20.32      -0.93      -2.94

MSCI Emerging Markets Index

       -21.70      -28.11      -2.07      -2.23
*

Returns of less than one year are cumulative.

 

1 

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

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

 

WisdomTree Trust      5  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    24.1%  

Materials

    14.7%  

Consumer Staples

    13.0%  

Consumer Discretionary

    8.7%  

Communication Services

    7.7%  

Industrials

    7.3%  

Health Care

    7.0%  

Financials

    6.1%  

Energy

    5.7%  

Utilities

    4.3%  

Real Estate

    1.6%  

Other Assets less Liabilities‡

    -0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co. Ltd.

    5.3%  

Tencent Holdings Ltd.

    4.2%  

Samsung Electronics Co. Ltd.

    3.2%  

Infosys Ltd.

    1.4%  

Vale SA

    1.1%  

Tata Consultancy Services Ltd.

    1.0%  

Cipla Ltd.

    1.0%  

JSW Steel Ltd.

    1.0%  

Grupo Bimbo SAB de CV, Series A

    0.9%  

Bajaj Finance Ltd.

    0.9%  
*

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

The WisdomTree Emerging Markets Quality Dividend Growth Fund (the “Fund”) seeks income and capital appreciation by investing in dividend-paying companies with growth characteristics in the emerging markets region.

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

 

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

Actual

   $ 1,000.00      $ 758.00        0.32   $ 1.41  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.46        0.32   $ 1.62  

Performance

 

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

Fund NAV Returns

       -24.20      -28.28      -3.65      -2.74      -0.24

Fund Market Price Returns

       -23.41      -28.30      -3.53      -2.86      -0.46

MSCI Emerging Markets Index

       -21.70      -28.11      -2.07      -1.81      1.46
*

Returns of less than one year are cumulative.

 

1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 2013.

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

 

6   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    16.3%  

Financials

    15.1%  

Industrials

    13.8%  

Materials

    13.1%  

Consumer Discretionary

    10.0%  

Consumer Staples

    9.0%  

Real Estate

    7.7%  

Utilities

    6.4%  

Health Care

    2.9%  

Communication Services

    2.8%  

Energy

    2.0%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Transmissora Alianca de Energia Eletrica SA

    1.8%  

African Rainbow Minerals Ltd.

    1.0%  

Banco del Bajio SA

    0.9%  

Royal Bafokeng Platinum Ltd.

    0.9%  

Synnex Technology International Corp.

    0.9%  

Cyrela Brazil Realty SA Empreendimentos e Participacoes

    0.8%  

Chicony Electronics Co. Ltd.

    0.7%  

Truworths International Ltd.

    0.7%  

SPAR Group Ltd.

    0.7%  

AVI Ltd.

    0.7%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 782.90        0.58   $ 2.59  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

       -21.71      -20.90      1.19      0.28      2.32

Fund Market Price Returns

       -21.93      -21.12      1.01      0.11      2.30

WisdomTree Emerging Markets SmallCap Dividend Index

       -21.41      -20.40      2.36      1.36      3.35

MSCI Emerging Markets Small Cap Index

       -20.80      -23.23      5.54      1.25      2.91

MSCI Emerging Markets Index

       -21.70      -28.11      -2.07      -1.81      1.05
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      7  


Performance Summary

as of September 30, 2022 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Materials

    21.4%  

Consumer Discretionary

    19.1%  

Information Technology

    17.8%  

Health Care

    16.7%  

Industrials

    10.5%  

Consumer Staples

    3.7%  

Communication Services

    3.2%  

Financials

    3.0%  

Energy

    2.9%  

Utilities

    1.1%  

Real Estate

    0.1%  

Other Assets less Liabilities‡

    0.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Novo Nordisk A/S, Class B

    8.2%  

BHP Group Ltd.

    6.8%  

LVMH Moet Hennessy Louis Vuitton SE

    6.6%  

Anglo American PLC

    5.7%  

Roche Holding AG, Bearer Shares

    4.5%  

Industria de Diseno Textil SA

    3.6%  

Taiwan Semiconductor Manufacturing Co. Ltd.

    3.4%  

Vale SA

    3.3%  

Tokyo Electron Ltd.

    2.6%  

ASML Holding NV

    2.4%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 719.60        0.42   $ 1.81  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.96        0.42   $ 2.13  

Performance

 

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

Fund NAV Returns

       -28.04      -28.60      1.29      2.25      3.72

Fund Market Price Returns

       -28.36      -29.16      0.92      1.99      3.64

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

       -28.39      -28.47      1.77      2.84      4.36

MSCI AC World ex-USA Growth Index

       -23.61      -30.22      -1.38      0.18      3.95

MSCI AC World ex-USA Index

       -22.27      -25.17      -1.52      -0.81      3.01
*

Returns of less than one year are cumulative.

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

 

8   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Global High Dividend Fund (DEW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.8%  

Consumer Staples

    13.6%  

Health Care

    13.0%  

Utilities

    11.3%  

Real Estate

    7.8%  

Energy

    7.6%  

Information Technology

    6.9%  

Communication Services

    6.1%  

Materials

    5.8%  

Industrials

    3.8%  

Consumer Discretionary

    1.3%  

Investment Company

    0.6%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

AbbVie, Inc.

    3.0%  

Coca-Cola Co.

    2.9%  

Philip Morris International, Inc.

    2.6%  

Pfizer, Inc.

    2.4%  

PepsiCo, Inc.

    2.3%  

Verizon Communications, Inc.

    2.0%  

Merck & Co., Inc.

    1.8%  

Cisco Systems, Inc.

    1.8%  

Altria Group, Inc.

    1.4%  

Broadcom, Inc.

    1.4%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 826.60        0.58   $ 2.66  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

       -17.34      -9.18      0.29      1.34      3.90

Fund Market Price Returns

       -17.48      -8.91      0.32      1.27      3.86

WisdomTree Global High Dividend Index

       -17.49      -9.34      0.02      1.07      3.82

MSCI AC World Index

       -21.41      -20.66      3.75      4.44      7.28
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      9  


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree Growth Leaders Fund (PLAT)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    35.0%  

Consumer Discretionary

    23.4%  

Communication Services

    23.0%  

Financials

    8.0%  

Industrials

    7.1%  

Health Care

    1.7%  

Real Estate

    1.6%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    10.2%  

Microsoft Corp.

    9.4%  

Alphabet, Inc., Class A

    8.8%  

Amazon.com, Inc.

    8.2%  

Visa, Inc., Class A

    3.8%  

Meta Platforms, Inc., Class A

    3.6%  

MasterCard, Inc., Class A

    2.8%  

Salesforce, Inc.

    1.9%  

Snowflake, Inc., Class A

    1.9%  

PayPal Holdings, Inc.

    1.9%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 677.60        0.20   $ 0.84  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.07        0.20   $ 1.01  

Performance

 

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

Fund NAV Returns

       -32.24      -45.29      0.12      0.45

Fund Market Price Returns

       -32.38      -45.43      0.04      0.43

WisdomTree Growth Leaders Index

       -32.20      -45.27      0.42      0.75

MSCI AC World Index

       -21.41      -20.66      3.75      4.45

S&P 500® Index

       -20.20      -15.47      8.16      8.81
*

Returns of less than one year are cumulative.

 

1 

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

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

 

10   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree India Earnings Fund (EPI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Materials

    24.8%  

Energy

    17.1%  

Financials

    16.4%  

Information Technology

    12.6%  

Utilities

    7.3%  

Consumer Discretionary

    5.9%  

Industrials

    5.9%  

Consumer Staples

    4.5%  

Health Care

    4.3%  

Communication Services

    3.2%  

Real Estate

    0.5%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    -2.5%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Reliance Industries Ltd.

    7.9%  

Tata Steel Ltd.

    6.4%  

Infosys Ltd.

    5.0%  

ICICI Bank Ltd.

    4.7%  

Oil & Natural Gas Corp. Ltd.

    3.3%  

Axis Bank Ltd.

    2.6%  

Tata Consultancy Services Ltd.

    2.5%  

Hindalco Industries Ltd.

    2.1%  

Power Grid Corp. of India Ltd.

    2.1%  

JSW Steel Ltd.

    2.0%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 904.30        0.85   $ 4.06  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.81        0.85   $ 4.31  

Performance

 

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

Fund NAV Returns

       -9.57      -11.80      12.39      6.63      6.70

Fund Market Price Returns

       -9.97      -12.63      11.74      6.23      6.60

WisdomTree India Earnings Index

       -9.38      -11.48      14.66      8.13      8.10

MSCI India Index

       -8.04      -9.94      11.51      7.98      7.27
*

Returns of less than one year are cumulative.

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

 

WisdomTree Trust      11  


Performance Summary

as of September 30, 2022 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    27.7%  

Information Technology

    12.2%  

Materials

    11.5%  

Consumer Discretionary

    11.3%  

Energy

    10.3%  

Consumer Staples

    9.6%  

Health Care

    7.4%  

Utilities

    4.1%  

Communication Services

    4.1%  

Industrials

    3.3%  

Real Estate

    0.9%  

Other Assets less Liabilities‡

    -2.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Reliance Industries Ltd.

    10.3%  

Infosys Ltd.

    7.6%  

ICICI Bank Ltd.

    6.5%  

Housing Development Finance Corp. Ltd.

    6.1%  

Hindustan Unilever Ltd.

    3.6%  

Kotak Mahindra Bank Ltd.

    3.0%  

Bajaj Finance Ltd.

    2.8%  

Bharti Airtel Ltd.

    2.8%  

Axis Bank Ltd.

    2.4%  

Asian Paints Ltd.

    2.2%  
*

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

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

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

 

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

Actual

   $ 1,000.00      $ 924.10        0.58   $ 2.80  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

       -7.59      -10.41      10.26      8.02

Fund Market Price Returns

       -7.88      -11.14      9.62      7.25

WisdomTree India ex-State-Owned Enterprises Index

       -7.10      -10.32      13.66      10.95

MSCI India Index

       -8.04      -9.94      11.51      8.27
*

Returns of less than one year are cumulative.

 

1 

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

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

 

12   WisdomTree Trust


Performance Summary

as of September 30, 2022 (unaudited)

WisdomTree New Economy Real Estate Fund (WTRE)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Real Estate

    82.7%  

Communication Services

    9.8%  

Consumer Discretionary

    3.4%  

Information Technology

    3.4%  

Financials

    0.2%  

Other Assets less Liabilities‡

    0.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

China Tower Corp. Ltd., Class H

    6.6%  

SBA Communications Corp.

    5.8%  

Iron Mountain, Inc.

    5.3%  

Alexandria Real Estate Equities, Inc.

    4.4%  

Rexford Industrial Realty, Inc.

    4.2%  

Duke Realty Corp.

    4.0%  

Equinix, Inc.

    3.7%  

Crown Castle International Corp.

    3.6%  

American Tower Corp.

    3.5%  

Prologis, Inc.

    3.5%  
*

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

The WisdomTree New Economy Real Estate Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the CenterSquare New Economy Real Estate Index (the “Index”).

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

 

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

Actual

   $ 1,000.00      $ 678.90        0.58   $ 2.44  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.16        0.58   $ 2.94  

Performance

 

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

Fund NAV Returns

       -32.11      -35.37      -15.43      -8.51      -0.71

Fund Market Price Returns

       -31.70      -35.66      -15.50      -8.68      -0.73

WisdomTree Global ex-U.S. Real Estate/CenterSquare New Economy Real Estate Spliced Index1

       -31.97      -35.51      -15.36      -8.35      -0.53

Dow Jones Global ex-U.S. Select Real Estate Securities/MSCI World Real Estate Investment Trust USD Spliced Benchmark Index

       -30.90      -31.70      -11.34      -4.83      -0.04

MSCI AC World ex-USA Index

       -22.27      -25.17      -1.52      -0.81      3.01
*

Returns of less than one year are cumulative.

 

1 

WisdomTree Global ex-U.S. Real Estate Index through April 20, 2022; CenterSquare New Economy Real Estate Index thereafter.

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

 

WisdomTree Trust      13  


Description of Terms and Indexes (unaudited)

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

The CenterSquare New Economy Real Estate Index is a weighted index that consists of global stocks of real estate companies that have material direct and/or indirect exposure to technology, sciences and/or ecommerce related business models and meet specific screening requirements that consider factors including growth, valuation and leverage criteria.

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

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

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

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

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

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

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

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

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

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

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

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

The MSCI Emerging Markets Value Index captures large and mid cap securities exhibiting overall value style characteristics across 27 Emerging Markets countries.

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

The MSCI World Real Estate Investment Trusts Index is a free float-adjusted market capitalization index that captures large and mid cap companies.

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

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

 

14   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

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

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

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

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

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

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

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

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

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

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

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

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

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

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data

 

WisdomTree Trust      15  


Description of Terms and Indexes (unaudited) (concluded)

have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

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

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

* * * * * *

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

 

CURRENCY ABBREVIATIONS:
BRL   Brazilian real    HUF   Hungary forint    SEK   Swedish krona
CAD   Canadian dollar    IDR   Indonesian rupiah    SGD   Singapore dollar
CLP   Chilean peso    INR   Indian rupee    THB   Thai bhat
CNH   Offshore Chinese renminbi    JPY   Japanese yen    TRY   Turkish new lira
CNY   Chinese yuan    KRW   South Korean won    TWD   New Taiwan dollar
CZK   Czech koruna    MYR   Malaysian ringgit    USD   U.S. Dollar
GBP   British pound    PHP   Philippine peso    ZAR   South African rand
HKD   Hong Kong dollar    PLN   Polish zloty     
OTHER ABBREVIATIONS:
ADR   American Depositary Receipt
CVA   Certificaten Van Aandelen
GDR   Global Depositary Receipt
NVDR   Non-Voting Depositary Receipt

 

16   WisdomTree Trust


Schedule of Investments (unaudited)

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

September 30, 2022

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

China – 99.9%

 

Air Freight & Logistics – 1.1%

 

SF Holding Co. Ltd., Class A

     692,361      $ 4,585,860  

ZTO Express Cayman, Inc.(a)

     149,282        3,580,912  
     

 

 

 
Total Air Freight & Logistics

 

     8,166,772  
Auto Components – 0.5%

 

Fuyao Glass Industry Group Co. Ltd., Class A

     415,567        2,087,409  

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

     300,900        1,215,115  

Minth Group Ltd.

     317,200        702,294  
     

 

 

 
Total Auto Components

 

     4,004,818  
Automobiles – 5.9%

 

BYD Co. Ltd., Class A

     240,688        8,508,137  

BYD Co. Ltd., Class H

     398,400        9,866,235  

Geely Automobile Holdings Ltd.

     2,327,900        3,208,688  

Great Wall Motor Co. Ltd., Class A

     299,200        1,166,725  

Great Wall Motor Co. Ltd., Class H

     1,423,400        1,635,571  

Li Auto, Inc., ADR*

     249,992        5,752,316  

NIO, Inc., ADR*

     676,725        10,671,953  

Niu Technologies, ADR*(a)

     13,003        53,312  

XPeng, Inc., Class A, ADR*(a)

     237,005        2,832,210  

Yadea Group Holdings Ltd.(b)

     440,200        706,572  
     

 

 

 
Total Automobiles

 

     44,401,719  
Banks – 1.2%

 

China Minsheng Banking Corp. Ltd., Class A

     8,094,236        3,848,911  

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

     3,014,900        864,154  

Ping An Bank Co. Ltd., Class A

     2,406,900        3,997,348  
     

 

 

 
Total Banks

 

     8,710,413  
Beverages – 0.8%

 

JiuGui Liquor Co. Ltd., Class A

     69,500        1,224,925  

Nongfu Spring Co. Ltd., Class H(a)(b)

     887,300        5,148,666  
     

 

 

 
Total Beverages

 

     6,373,591  
Biotechnology – 2.1%

 

Akeso, Inc.*(a)(b)

     208,600        576,647  

BeiGene Ltd.*

     416,700        4,302,416  

Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A

     56,885        912,822  

Chongqing Zhifei Biological Products Co. Ltd., Class A

     250,500        3,036,928  

I-Mab, ADR*(a)

     18,270        73,263  

InnoCare Pharma Ltd.*(a)(b)

     317,300        321,750  

Innovent Biologics, Inc.*(b)

     535,200        1,666,982  

Remegen Co. Ltd., Class H*(a)(b)

     65,000        315,068  

Shenzhen Kangtai Biological Products Co. Ltd., Class A

     178,920        760,689  

Walvax Biotechnology Co. Ltd., Class A

     544,900        2,835,652  

Zai Lab Ltd.*(a)

     389,430        1,359,301  
     

 

 

 
Total Biotechnology

 

     16,161,518  
Building Products – 0.3%

 

China Lesso Group Holdings Ltd.

     494,300        460,303  

Xinyi Glass Holdings Ltd.

     1,377,000        2,003,254  
     

 

 

 
Total Building Products

 

     2,463,557  
Capital Markets – 1.3%

 

East Money Information Co. Ltd., Class A

     3,336,136      8,245,403  

Futu Holdings Ltd., ADR*(a)

     34,057        1,269,986  
     

 

 

 
Total Capital Markets

 

     9,515,389  
Chemicals – 2.2%

 

Dongyue Group Ltd.

     934,900        932,530  

Guangzhou Tinci Materials Technology Co. Ltd., Class A

     441,700        2,729,821  

Hengli Petrochemical Co. Ltd., Class A

     586,700        1,392,447  

Jiangsu Eastern Shenghong Co. Ltd., Class A

     556,700        1,360,291  

LB Group Co. Ltd., Class A

     391,500        864,917  

Rongsheng Petrochemical Co. Ltd., Class A

     972,200        1,885,993  

Shanghai Putailai New Energy Technology Co. Ltd., Class A

     197,600        1,546,619  

Shenzhen Capchem Technology Co. Ltd., Class A

     167,460        983,739  

Sichuan Yahua Industrial Group Co. Ltd., Class A

     355,500        1,267,586  

Suzhou TA&A Ultra Clean Technology Co. Ltd., Class A

     120,300        1,118,265  

Tongkun Group Co. Ltd., Class A

     548,800        1,039,226  

Zhejiang Longsheng Group Co. Ltd., Class A

     714,700        903,256  

Zhejiang Yongtai Technology Co. Ltd., Class A

     204,900        659,897  
     

 

 

 
Total Chemicals

 

     16,684,587  
Commercial Services & Supplies – 0.0%

 

China Conch Environment Protection Holdings Ltd.*

     664,663        340,380  
Communications Equipment – 0.1%

 

BYD Electronic International Co. Ltd.(a)

     369,700        892,943  
Construction & Engineering – 0.2%

 

China Conch Venture Holdings Ltd.

     723,163        1,153,391  
Construction Materials – 0.4%

 

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

     438,300        1,621,227  

China Jushi Co. Ltd., Class A

     715,000        1,321,855  
     

 

 

 
Total Construction Materials

 

     2,943,082  
Consumer Finance – 0.2%

 

360 DigiTech, Inc., ADR

     59,768        766,226  

Lufax Holding Ltd., ADR

     313,596        796,534  
     

 

 

 
Total Consumer Finance

 

     1,562,760  
Diversified Consumer Services – 0.4%

 

Fu Shou Yuan International Group Ltd.

     790,700        436,150  

New Oriental Education & Technology Group, Inc.*(a)

     589,063        1,493,312  

TAL Education Group, ADR*

     201,951        997,638  
     

 

 

 
Total Diversified Consumer Services

 

     2,927,100  
Electrical Equipment – 5.0%

 

Contemporary Amperex Technology Co. Ltd., Class A

     394,959        22,209,536  

Gotion High-tech Co. Ltd., Class A

     310,900        1,331,404  

Ming Yang Smart Energy Group Ltd., Class A

     543,800        1,840,597  

Sungrow Power Supply Co. Ltd., Class A

     318,300        4,938,926  

TBEA Co. Ltd., Class A

     1,082,800        3,291,315  

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Schedule of Investments (unaudited) (continued)

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

September 30, 2022

 

 

 

Investments    Shares      Value  

Xinjiang Goldwind Science & Technology Co. Ltd., Class A

     892,115      $ 1,419,045  

Xinjiang Goldwind Science & Technology Co. Ltd., Class H

     411,000        476,975  

Zhejiang Chint Electrics Co. Ltd., Class A

     380,400        1,428,938  

Zhuzhou CRRC Times Electric Co. Ltd.

     284,100        1,194,321  
     

 

 

 
Total Electrical Equipment

 

     38,131,057  
Electronic Equipment, Instruments & Components – 3.4%

 

AAC Technologies Holdings, Inc.*(a)

     400,700        626,836  

BOE Technology Group Co. Ltd., Class A

     9,825,000        4,506,533  

Chaozhou Three-Circle Group Co. Ltd., Class A

     381,700        1,394,201  

Foxconn Industrial Internet Co. Ltd., Class A

     1,421,300        1,698,586  

GoerTek, Inc., Class A

     767,100        2,851,413  

Hollysys Automation Technologies Ltd.

     27,670        473,157  

Kingboard Holdings Ltd.

     309,300        874,719  

Lens Technology Co. Ltd., Class A

     580,500        751,564  

Luxshare Precision Industry Co. Ltd., Class A

     1,290,476        5,321,812  

Maxscend Microelectronics Co. Ltd., Class A

     122,700        1,521,627  

Sunny Optical Technology Group Co. Ltd.

     362,800        3,473,219  

Wingtech Technology Co. Ltd., Class A

     209,200        1,398,843  

Zhejiang Dahua Technology Co. Ltd., Class A

     530,700        956,565  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     25,849,075  
Energy Equipment & Services – 0.0%

 

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

     502,000        0  
Entertainment – 2.3%

 

Alibaba Pictures Group Ltd.*

     5,688,300        293,477  

Bilibili, Inc., Class Z*

     99,685        1,518,787  

iQIYI, Inc., ADR*(a)

     140,368        380,397  

Kingsoft Corp. Ltd.

     451,400        1,201,832  

NetEase, Inc.

     777,115        11,731,121  

Tencent Music Entertainment Group, ADR*

     277,661        1,127,304  

XD, Inc.*(a)

     105,700        215,442  

Zhejiang Century Huatong Group Co. Ltd., Class A*

     1,632,900        854,340  
     

 

 

 
Total Entertainment

 

     17,322,700  
Food Products – 4.9%

 

China Feihe Ltd.(b)

     1,506,100        1,055,243  

Dali Foods Group Co. Ltd.(b)

     1,057,700        455,423  

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

     435,956        5,064,541  

Guangdong Haid Group Co. Ltd., Class A

     232,503        1,965,912  

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

     1,628,600        7,534,030  

Muyuan Foods Co. Ltd., Class A

     702,674        5,373,682  

Tingyi Cayman Islands Holding Corp.

     901,000        1,554,101  

Tongwei Co. Ltd., Class A

     742,158        4,888,625  

Uni-President China Holdings Ltd.

     600,000        503,701  

Want Want China Holdings Ltd.

     2,436,100        1,592,019  

Wens Foodstuffs Group Co. Ltd., Class A*

     1,554,500        4,472,173  

WH Group Ltd.(b)

     4,076,183        2,570,365  

Yihai International Holding Ltd.*

     182,300        385,506  
     

 

 

 
Total Food Products

 

     37,415,321  
Gas Utilities – 0.7%

 

ENN Energy Holdings Ltd.

     401,200      5,366,438  
Health Care Equipment & Supplies – 1.7%

 

Lepu Medical Technology Beijing Co. Ltd., Class A

     362,100        1,073,224  

Lifetech Scientific Corp.*

     1,492,100        496,106  

Microport Scientific Corp.*(a)

     371,900        640,529  

Ovctek China, Inc., Class A

     132,500        767,588  

Peijia Medical Ltd.*(b)

     149,700        117,854  

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

     1,180,000        1,587,383  

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

     185,074        7,762,093  

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

     97,400        113,904  
     

 

 

 
Total Health Care Equipment & Supplies

 

     12,558,681  
Health Care Providers & Services – 0.9%

 

Aier Eye Hospital Group Co. Ltd., Class A

     936,592        3,766,521  

Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A

     96,403        857,048  

Hygeia Healthcare Holdings Co. Ltd.*(a)(b)

     139,100        785,881  

Jinxin Fertility Group Ltd.(b)

     645,600        316,636  

Topchoice Medical Corp., Class A*

     64,800        1,163,448  
     

 

 

 
Total Health Care Providers & Services

 

     6,889,534  
Health Care Technology – 0.0%

 

Yidu Tech, Inc.*(a)(b)

     216,300        132,813  
Hotels, Restaurants & Leisure – 2.7%

 

H World Group Ltd.

     627,870        2,187,575  

Haidilao International Holding Ltd.*(a)(b)

     581,000        1,139,811  

Jiumaojiu International Holdings Ltd.(a)(b)

     350,700        575,423  

Tongcheng Travel Holdings Ltd.*

     498,000        976,981  

Trip.com Group Ltd.*

     232,377        6,240,216  

Yum China Holdings, Inc.

     204,256        9,667,436  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     20,787,442  
Household Durables – 2.0%

 

Gree Electric Appliances, Inc. of Zhuhai, Class A

     1,296,800        5,899,052  

Haier Smart Home Co. Ltd., Class A

     1,185,800        4,120,023  

Haier Smart Home Co. Ltd., Class H

     1,143,100        3,502,153  

TCL Technology Group Corp., Class A

     3,553,800        1,809,514  
     

 

 

 
Total Household Durables

 

     15,330,742  
Household Products – 0.1%

 

Blue Moon Group Holdings Ltd.(a)(b)

     617,300        435,654  
Independent Power & Renewable Electricity Producers – 0.0%

 

Xinyi Energy Holdings Ltd.(a)

     906,000        279,305  
Industrial Conglomerates – 0.2%

 

China Baoan Group Co. Ltd., Class A

     632,700        995,756  

Fosun International Ltd.

     1,107,700        687,206  
     

 

 

 
Total Industrial Conglomerates

 

     1,682,962  
Insurance – 4.0%

 

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

     2,626,194        15,316,994  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

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

September 30, 2022

 

 

 

Investments    Shares      Value  

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

     2,783,900      $ 13,901,945  

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

     302,200        677,553  
     

 

 

 
Total Insurance

 

     29,896,492  
Interactive Media & Services – 13.6%

 

Autohome, Inc., Class A(a)

     100,340        722,202  

Baidu, Inc., Class A*

     1,034,780        15,040,752  

Hello Group, Inc., ADR

     54,796        253,157  

JOYY, Inc., ADR

     22,607        587,782  

Kuaishou Technology*(b)

     931,000        6,042,682  

Tencent Holdings Ltd.

     2,352,000        79,819,208  

Weibo Corp., ADR*

     34,095        583,024  
     

 

 

 
Total Interactive Media & Services

 

     103,048,807  
Internet & Direct Marketing Retail – 20.0%

 

Alibaba Group Holding Ltd.*

     6,701,200        66,543,337  

Dada Nexus Ltd., ADR*

     35,864        169,637  

JD Health International, Inc.*(b)

     510,850        2,934,984  

JD.com, Inc., Class A

     1,030,652        26,075,171  

Meituan, Class B*(b)

     1,794,300        37,852,212  

Pinduoduo, Inc., ADR*

     253,117        15,840,062  

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

     207,200        390,650  

Vipshop Holdings Ltd., ADR*

     176,294        1,482,633  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     151,288,686  
IT Services – 0.4%

 

Chinasoft International Ltd.*

     1,375,200        846,153  

Chindata Group Holdings Ltd., ADR*(a)

     56,813        459,049  

GDS Holdings Ltd., Class A*

     435,800        954,886  

Kingsoft Cloud Holdings Ltd., ADR*(a)

     52,935        105,341  

Vnet Group, Inc., ADR*(a)

     61,550        338,525  
     

 

 

 
Total IT Services

 

     2,703,954  
Life Sciences Tools & Services – 3.5%

 

Genscript Biotech Corp.*

     514,400        1,124,486  

Hangzhou Tigermed Consulting Co. Ltd., Class A

     162,767        2,081,748  

Hangzhou Tigermed Consulting Co. Ltd., Class H(b)

     62,900        510,017  

Pharmaron Beijing Co. Ltd., Class A

     213,650        1,619,798  

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

     114,450        556,220  

WuXi AppTec Co. Ltd., Class A

     676,447        6,802,282  

WuXi AppTec Co. Ltd., Class H(b)

     204,395        1,652,105  

Wuxi Biologics Cayman, Inc.*(b)

     2,007,400        12,121,270  
     

 

 

 
Total Life Sciences Tools & Services

 

     26,467,926  
Machinery – 1.9%

 

Haitian International Holdings Ltd.

     318,400        605,171  

Jiangsu Hengli Hydraulic Co. Ltd., Class A

     120,300        764,072  

Sany Heavy Equipment International Holdings Co. Ltd.

     489,600        477,756  

Sany Heavy Industry Co. Ltd., Class A

     1,838,048        3,578,562  

Shenzhen Inovance Technology Co. Ltd., Class A

     587,400        4,738,485  

Wuxi Lead Intelligent Equipment Co. Ltd., Class A

     316,200        2,098,346  

Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A

     505,800        1,745,324  
     

 

 

 
Total Machinery

 

     14,007,716  
Marine – 0.2%

 

SITC International Holdings Co. Ltd.

     725,000      1,341,036  
Media – 0.4%

 

China Literature Ltd.*(a)(b)

     194,000        549,880  

Focus Media Information Technology Co. Ltd., Class A

     2,957,124        2,289,659  
     

 

 

 
Total Media

 

     2,839,539  
Metals & Mining – 1.4%

 

China Hongqiao Group Ltd.

     998,600        826,877  

Ganfeng Lithium Co. Ltd., Class A

     350,020        3,674,421  

Ganfeng Lithium Co. Ltd., Class H(a)(b)

     207,940        1,384,077  

GEM Co. Ltd., Class A

     1,401,000        1,450,296  

Zhejiang Huayou Cobalt Co. Ltd., Class A

     370,750        3,345,988  
     

 

 

 
Total Metals & Mining

 

     10,681,659  
Oil, Gas & Consumable Fuels – 0.4%

 

Guanghui Energy Co. Ltd., Class A

     1,453,300        2,503,317  

United Energy Group Ltd.(a)

     4,529,000        519,255  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     3,022,572  
Paper & Forest Products – 0.3%

 

Chengxin Lithium Group Co. Ltd., Class A

     195,600        1,282,938  

Lee & Man Paper Manufacturing Ltd.(a)

     1,205,300        386,929  

Nine Dragons Paper Holdings Ltd.

     950,100        590,643  
     

 

 

 
Total Paper & Forest Products

 

     2,260,510  
Personal Products – 0.2%

 

Hengan International Group Co. Ltd.

     296,400        1,325,321  
Pharmaceuticals – 1.9%

 

Asymchem Laboratories Tianjin Co. Ltd., Class A

     72,447        1,409,481  

CanSino Biologics, Inc., Class H(a)(b)

     54,200        307,598  

China Medical System Holdings Ltd.

     589,000        703,057  

Hansoh Pharmaceutical Group Co. Ltd.(b)

     496,100        784,922  

Jiangsu Hengrui Medicine Co. Ltd., Class A

     1,107,168        5,451,084  

Kangmei Pharmaceutical Co. Ltd., Class A*

     199,602        50,676  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A

     344,304        1,427,607  

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

     249,400        604,922  

Sino Biopharmaceutical Ltd.

     5,225,150        2,456,185  

Zhejiang NHU Co. Ltd., Class A

     494,860        1,540,288  
     

 

 

 
Total Pharmaceuticals

 

     14,735,820  
Real Estate Management & Development – 2.0%

 

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

     261,000        206,808  

Agile Group Holdings Ltd.*(a)

     781,800        183,252  

CIFI Ever Sunshine Services Group Ltd.(a)

     386,000        143,584  

CIFI Holdings Group Co. Ltd.(a)

     2,320,040        236,440  

Country Garden Holdings Co. Ltd.(a)

     3,931,936        911,620  

Country Garden Services Holdings Co. Ltd.

     914,300        1,346,426  

Evergrande Property Services Group Ltd.*(a)(b)

     1,795,500        410,969  

Gemdale Corp., Class A

     1,233,500        1,988,023  

Greentown Service Group Co. Ltd.

     671,800        449,299  

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

     1,014,300        171,852  

Jinke Smart Services Group Co. Ltd., Class H(a)

     547,400        829,827  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments (unaudited) (continued)

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

September 30, 2022

 

 

 

Investments    Shares      Value  

KE Holdings, Inc., ADR*

     288,982      $ 5,062,964  

KWG Group Holdings Ltd.*

     582,900        72,028  

Longfor Group Holdings Ltd.(b)

     835,700        2,400,672  

Powerlong Real Estate Holdings Ltd.(a)

     724,300        73,815  

Seazen Group Ltd.*

     769,000        180,252  

Shimao Group Holdings Ltd.*(a)

     561,400        160,913  

Shimao Services Holdings Ltd.*(a)(b)

     414,400        88,160  

Sunac China Holdings Ltd.*(a)

     1,592,600        405,763  

Sunac Services Holdings Ltd.(a)(b)

     415,719        104,328  

Zhenro Properties Group Ltd.*(a)

     1,034,800        32,956  
     

 

 

 
Total Real Estate Management & Development

 

     15,459,951  
Semiconductors & Semiconductor Equipment – 4.2%

 

Daqo New Energy Corp., ADR*

     23,927        1,270,045  

Flat Glass Group Co. Ltd., Class H*(a)

     203,700        495,633  

GigaDevice Semiconductor, Inc., Class A

     192,926        2,537,022  

Hangzhou First Applied Material Co. Ltd., Class A

     160,180        1,195,315  

Hangzhou Silan Microelectronics Co. Ltd., Class A

     269,300        1,210,673  

JA Solar Technology Co. Ltd., Class A

     287,700        2,584,363  

JCET Group Co. Ltd., Class A

     403,300        1,212,307  

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

     15,995        885,963  

LONGi Green Energy Technology Co. Ltd., Class A

     1,780,268        11,963,928  

SG Micro Corp., Class A

     75,650        1,495,035  

Will Semiconductor Co. Ltd., Class A

     232,166        2,609,492  

Xinyi Solar Holdings Ltd.

     2,326,765        2,463,142  

Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A

     193,600        1,836,296  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     31,759,214  
Software – 1.7%

 

360 Security Technology, Inc., Class A

     920,000        838,810  

Agora, Inc., ADR*

     38,248        138,840  

Beijing Kingsoft Office Software, Inc., Class A

     62,432        1,761,178  

Glodon Co. Ltd., Class A

     273,475        1,750,372  

Hundsun Technologies, Inc., Class A

     461,310        2,192,940  

Kingdee International Software Group Co. Ltd.*

     1,353,700        1,772,766  

Ming Yuan Cloud Group Holdings Ltd.(a)

     411,400        243,699  

Sangfor Technologies, Inc., Class A

     67,700        949,622  

Thunder Software Technology Co. Ltd., Class A

     92,300        1,366,928  

Weimob, Inc.*(a)(b)

     955,000        338,208  

Yonyou Network Technology Co. Ltd., Class A

     634,913        1,567,433  
     

 

 

 
Total Software

 

     12,920,796  
Specialty Retail – 0.5%

 

China Meidong Auto Holdings Ltd.

     260,912      412,811  

China Yongda Automobiles Services Holdings Ltd.

     645,900        346,404  

GOME Retail Holdings Ltd.*(a)

     7,257,800        135,912  

Pop Mart International Group Ltd.(a)(b)

     370,500        681,540  

Topsports International Holdings Ltd.(b)

     1,507,200        1,061,774  

Zhongsheng Group Holdings Ltd.

     291,100        1,162,561  
     

 

 

 
Total Specialty Retail

 

     3,801,002  
Technology Hardware, Storage & Peripherals – 0.1%

 

Shenzhen Transsion Holdings Co. Ltd., Class A

     78,443        639,942  
Textiles, Apparel & Luxury Goods – 2.6%

 

ANTA Sports Products Ltd.

     622,100        6,593,552  

Li Ning Co. Ltd.

     1,239,500        9,489,796  

Shenzhou International Group Holdings Ltd.

     398,100        3,111,305  

Xtep International Holdings Ltd.(a)

     766,200        815,013  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     20,009,666  

TOTAL COMMON STOCKS

(Cost: $1,217,530,781)

 

 

     756,694,353  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%

 

United States – 1.2%

 

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

     
(Cost: $9,176,539)      9,176,539        9,176,539  

TOTAL INVESTMENTS IN SECURITIES – 101.1%

(Cost: $1,226,707,320)

 

 

     765,870,892  

Other Assets less Liabilities – (1.1)%

 

     (8,478,866
     

 

 

 
NET ASSETS – 100.0%

 

   $ 757,392,026  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $977,645, which represents 0.13% of net assets.

 

(a) 

Security, or portion thereof, was on loan at September 30, 2022 (See Note 2). At September 30, 2022, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $25,800,703 and the total market value of the collateral held by the Fund was $28,606,708. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $19,430,169.

 

(b) 

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

 

(c) 

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

 

FINANCIAL DERIVATIVE INSTRUMENTS                       
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Citibank NA

    10/5/2022       139,979       USD       1,098,810       HKD     $ 1     $  

Citibank NA

    10/11/2022       594,364       USD       4,237,352       CNH             (6

JP Morgan Chase Bank NA

    10/3/2022       95,538       USD       750,000       HKD             (4
                                            $ 1     $ (10

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (unaudited) (concluded)

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

September 30, 2022

 

FAIR VALUATION SUMMARY

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

 

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

Assets:

           

Investments in Securities

           

Common Stocks

           

Energy Equipment & Services

   $      $      $ 0 *     $ 0  

Real Estate Management & Development

     14,482,306               977,645 *       15,459,951  

Other

     741,234,402                      741,234,402  

Investment of Cash Collateral for Securities Loaned

            9,176,539               9,176,539  

Total Investments in Securities

   $ 755,716,708      $ 9,176,539      $ 977,645      $ 765,870,892  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 1      $      $ 1  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (10    $      $ (10

Total – Net

   $ 755,716,708      $ 9,176,530      $ 977,645      $ 765,870,883  

 

* 

Securities are being fair valued using significant unobservable inputs by the Pricing Committee.

 

1 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (unaudited)

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

September 30, 2022

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.2%      
Brazil – 4.5%      

Ambev SA

     3,160,219      $ 9,079,528  

Americanas SA

     375,689        1,179,400  

Atacadao SA

     426,970        1,525,894  

B3 SA – Brasil Bolsa Balcao

     4,889,257        11,796,372  

BR Malls Participacoes SA

     1,392,244        2,427,293  

BRF SA*

     556,816        1,325,936  

CCR SA

     857,993        1,987,604  

Cia Siderurgica Nacional SA

     630,232        1,482,117  

Cosan SA

     835,694        2,685,296  

Embraer SA*

     427,920        921,687  

Energisa SA

     91,862        711,445  

Equatorial Energia SA

     406,414        2,021,231  

Grupo De Moda Soma SA

     349,890        861,650  

Hapvida Participacoes e Investimentos SA(a)

     2,740,456        3,835,428  

Hypera SA

     242,294        1,982,216  

Localiza Rent a Car SA

     629,462        7,109,429  

Locaweb Servicos de Internet SA*(a)

     374,455        623,071  

Lojas Renner SA

     752,152        3,872,807  

Magazine Luiza SA*

     1,604,686        1,329,117  

Marfrig Global Foods SA

     183,443        334,744  

Natura & Co. Holding SA

     651,034        1,772,970  

Pet Center Comercio e Participacoes SA

     327,804        616,354  

Petro Rio SA*

     399,579        2,033,780  

Raia Drogasil SA

     1,031,018        4,332,721  

Rede D’Or Sao Luiz SA(a)

     489,975        2,692,265  

Rumo SA

     896,099        3,061,632  

Sendas Distribuidora SA

     663,943        2,154,284  

Sul America SA

     264,076        1,077,034  

Suzano SA

     498,612        4,102,209  

TOTVS SA

     430,304        2,334,955  

Transmissora Alianca de Energia Eletrica SA

     132,989        957,675  

Ultrapar Participacoes SA

     921,774        1,999,022  

Via SA*

     864,005        509,568  

Vibra Energia SA

     761,834        2,429,655  

WEG SA

     1,184,464        7,038,219  

YDUQS Participacoes SA

     285,465        762,633  
     

 

 

 
Total Brazil

 

     94,967,241  
Chile – 0.4%      

Banco de Chile

     36,771,242        3,269,331  

Banco Santander Chile

     52,803,109        1,864,220  

Empresas CMPC SA

     430,740        662,386  

Enel Americas SA

     7,867,668        837,742  

Enel Chile SA

     40,808,638        1,192,392  

Falabella SA

     341,086        687,203  
     

 

 

 
Total Chile

 

     8,513,274  
China – 28.6%      

360 DigiTech, Inc., ADR

     47,475        608,629  

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

     210,000        166,397  

AAC Technologies Holdings, Inc.*(b)

     305,000        477,127  

Agora, Inc., ADR*

     1,473        5,347  

Aier Eye Hospital Group Co. Ltd., Class A

     480,747        1,933,332  

Airtac International Group(b)

     76,390      1,761,236  

Akeso, Inc.*(a)

     253,000        699,385  

Alibaba Group Holding Ltd.*

     6,032,032        59,898,457  

Alibaba Pictures Group Ltd.*

     15,420,000        795,564  

ANTA Sports Products Ltd.

     673,300        7,136,213  

Asymchem Laboratories Tianjin Co. Ltd., Class A

     45,280        880,938  

Autohome, Inc., Class A(b)

     82,972        597,195  

Baidu, Inc., Class A*

     916,770        13,325,451  

BeiGene Ltd.*(b)

     449,400        4,640,043  

Beijing Kingsoft Office Software, Inc., Class A

     34,629        976,868  

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

     122,367        452,623  

Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A

     42,040        674,607  

Bilibili, Inc., Class Z*

     74,614        1,136,809  

BOE Technology Group Co. Ltd., Class A

     3,480,200        1,596,299  

BYD Co. Ltd., Class A

     149,974        5,301,466  

BYD Co. Ltd., Class H

     313,500        7,763,717  

BYD Electronic International Co. Ltd.(b)

     276,500        667,835  

CanSino Biologics, Inc., Class H(a)(b)

     45,000        255,385  

Chaozhou Three-Circle Group Co. Ltd., Class A

     220,500        805,400  

Chengxin Lithium Group Co. Ltd., Class A

     150,100        984,504  

China Baoan Group Co. Ltd., Class A

     532,600        838,217  

China Common Rich Renewable Energy Investments Ltd.*

     102,000        0  

China Conch Environment Protection Holdings Ltd.*

     1,487,900        761,966  

China Conch Venture Holdings Ltd.

     791,400        1,262,223  

China Feihe Ltd.(a)

     1,449,000        1,015,236  

China Hongqiao Group Ltd.

     815,500        675,263  

China Jushi Co. Ltd., Class A

     468,900        866,878  

China Lesso Group Holdings Ltd.

     758,000        705,866  

China Literature Ltd.*(a)(b)

     172,000        487,522  

China Medical System Holdings Ltd.

     995,000        1,187,678  

China Meidong Auto Holdings Ltd.

     356,288        563,714  

China Minsheng Banking Corp. Ltd., Class A

     7,553,679        3,591,869  

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

     4,097,000        1,174,314  

China Yongda Automobiles Services Holdings Ltd.

     742,500        398,212  

Chinasoft International Ltd.*

     944,000        580,838  

Chongqing Zhifei Biological Products Co. Ltd., Class A

     127,200        1,542,105  

Contemporary Amperex Technology Co. Ltd., Class A

     238,617        13,418,033  

Country Garden Holdings Co. Ltd.(b)

     4,122,935        955,903  

Country Garden Services Holdings Co. Ltd.

     841,000        1,238,482  

Dada Nexus Ltd., ADR*

     11,765        55,648  

Daqo New Energy Corp., ADR*

     19,856        1,053,956  

Dongyue Group Ltd.

     808,000        805,952  

East Money Information Co. Ltd., Class A

     2,094,061        5,175,562  

ENN Energy Holdings Ltd.

     423,300        5,662,047  

Evergrande Property Services Group Ltd.*(a)(b)

     2,120,500        485,358  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (unaudited) (continued)

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

September 30, 2022

 

 

 

Investments    Shares      Value  

Focus Media Information Technology Co. Ltd., Class A

     2,564,300      $ 1,985,501  

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

     265,839        3,088,276  

Futu Holdings Ltd., ADR*(b)

     29,893        1,114,710  

Fuyao Glass Industry Group Co. Ltd., Class A

     291,082        1,462,116  

Ganfeng Lithium Co. Ltd., Class A

     213,820        2,244,628  

Ganfeng Lithium Co. Ltd., Class H(a)(b)

     116,800        777,437  

GDS Holdings Ltd., Class A*

     383,052        839,309  

Geely Automobile Holdings Ltd.

     2,375,000        3,273,609  

GEM Co. Ltd., Class A

     959,200        992,951  

Gemdale Corp., Class A

     1,374,700        2,215,594  

Genscript Biotech Corp.*

     590,000        1,289,749  

GigaDevice Semiconductor, Inc., Class A

     87,600        1,151,961  

GOME Retail Holdings Ltd.*(b)

     1,376,000        25,767  

Gotion High-tech Co. Ltd., Class A

     211,200        904,447  

Great Wall Motor Co. Ltd., Class H

     1,497,700        1,720,946  

Gree Electric Appliances, Inc. of Zhuhai, Class A

     478,600        2,177,118  

Greentown Service Group Co. Ltd.

     1,176,000        786,507  

Guangdong Haid Group Co. Ltd., Class A

     101,200        855,689  

Guanghui Energy Co. Ltd., Class A

     1,112,200        1,915,771  

Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A

     69,300        616,095  

Guangzhou Tinci Materials Technology Co. Ltd., Class A

     252,300        1,559,280  

H World Group Ltd.

     594,570        2,071,554  

Haidilao International Holding Ltd.*(a)(b)

     452,300        887,326  

Haier Smart Home Co. Ltd., Class A

     651,400        2,263,268  

Haier Smart Home Co. Ltd., Class H

     797,800        2,444,246  

Hangzhou First Applied Material Co. Ltd., Class A

     72,160        538,481  

Hangzhou Silan Microelectronics Co. Ltd., Class A

     151,100        679,289  

Hangzhou Tigermed Consulting Co. Ltd., Class A

     114,500        1,464,426  

Hansoh Pharmaceutical Group Co. Ltd.(a)(b)

     606,000        958,805  

Hello Group, Inc., ADR

     60,569        279,829  

Hengan International Group Co. Ltd.

     447,000        1,998,713  

Hengli Petrochemical Co. Ltd., Class A

     212,500        504,338  

Hollysys Automation Technologies Ltd.

     44,116        754,384  

Hundsun Technologies, Inc., Class A

     277,871        1,320,922  

I-Mab, ADR*

     1,801        7,222  

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

     472,100        2,183,971  

Innovent Biologics, Inc.*(a)

     473,000        1,473,248  

iQIYI, Inc., ADR*(b)

     119,207        323,051  

JA Solar Technology Co. Ltd., Class A

     134,580        1,208,910  

JCET Group Co. Ltd., Class A

     212,400        638,468  

JD Health International, Inc.*(a)

     431,100        2,476,797  

JD.com, Inc., Class A

     989,759        25,040,591  

Jiangsu Eastern Shenghong Co. Ltd., Class A

     298,100        728,404  

Jiangsu Hengli Hydraulic Co. Ltd., Class A

     67,800        430,624  

Jiangsu Hengrui Medicine Co. Ltd., Class A

     810,313        3,989,534  

Jinke Smart Services Group Co. Ltd., Class H(b)

     368,600      558,777  

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

     16,470        912,273  

Jinxin Fertility Group Ltd.(a)

     542,500        266,070  

JiuGui Liquor Co. Ltd., Class A

     42,000        740,243  

Jiumaojiu International Holdings Ltd.(a)(b)

     402,000        659,596  

JOYY, Inc., ADR

     17,793        462,618  

Kangmei Pharmaceutical Co. Ltd., Class A*

     31,038        7,880  

KE Holdings, Inc., ADR*

     199,054        3,487,426  

Kingboard Holdings Ltd.

     529,500        1,497,459  

Kingdee International Software Group Co. Ltd.*

     1,345,000        1,761,373  

Kingsoft Cloud Holdings Ltd., ADR*(b)

     11,368        22,622  

Kingsoft Corp. Ltd.

     568,400        1,513,339  

Kuaishou Technology*(a)

     634,500        4,118,240  

LB Group Co. Ltd., Class A

     239,500        529,113  

Lee & Man Paper Manufacturing Ltd.

     1,271,000        408,020  

Lens Technology Co. Ltd., Class A

     352,018        455,752  

Lepu Medical Technology Beijing Co. Ltd., Class A

     257,200        762,312  

Li Auto, Inc., ADR*

     249,712        5,745,873  

Li Ning Co. Ltd.

     1,238,000        9,478,312  

Lifetech Scientific Corp.*

     1,444,000        480,113  

Longfor Group Holdings Ltd.(a)

     845,500        2,428,824  

LONGi Green Energy Technology Co. Ltd., Class A

     970,772        6,523,875  

Lufax Holding Ltd., ADR

     240,213        610,141  

Luxshare Precision Industry Co. Ltd., Class A

     627,000        2,585,694  

Maxscend Microelectronics Co. Ltd., Class A

     67,700        839,561  

Meituan, Class B*(a)

     1,636,900        34,531,732  

Microport Scientific Corp.*(b)

     294,500        507,222  

Ming Yang Smart Energy Group Ltd., Class A

     270,200        914,545  

Ming Yuan Cloud Group Holdings Ltd.(b)

     298,000        176,525  

Minth Group Ltd.

     328,000        726,205  

Muyuan Foods Co. Ltd., Class A

     445,476        3,406,767  

NetEase, Inc.

     784,330        11,840,037  

New Oriental Education & Technology Group, Inc.*(b)

     475,936        1,206,528  

Nine Dragons Paper Holdings Ltd.

     711,000        442,003  

NIO, Inc., ADR*

     599,320        9,451,276  

Nongfu Spring Co. Ltd., Class H(a)

     1,288,800        7,478,419  

Ovctek China, Inc., Class A

     114,400        662,733  

Pharmaron Beijing Co. Ltd., Class A

     104,100        789,239  

Pinduoduo, Inc., ADR*

     228,503        14,299,718  

Ping An Bank Co. Ltd., Class A

     2,443,026        4,057,346  

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

     194,700        367,082  

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

     1,587,200        9,257,173  

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

     2,366,500        11,817,577  

Pop Mart International Group Ltd.(a)(b)

     278,400        512,121  

Rongsheng Petrochemical Co. Ltd., Class A

     348,000        675,093  

Sangfor Technologies, Inc., Class A

     42,500        596,144  

Sany Heavy Industry Co. Ltd., Class A

     1,438,636        2,800,932  

SF Holding Co. Ltd., Class A

     283,473        1,877,586  

SG Micro Corp., Class A

     53,800        1,063,224  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (unaudited) (continued)

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

September 30, 2022

 

 

 

Investments    Shares      Value  

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

     1,732,600      $ 2,330,763  

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

     572,500        1,388,604  

Shanghai Putailai New Energy Technology Co. Ltd., Class A

     106,200        831,230  

Shenzhen Capchem Technology Co. Ltd., Class A

     99,920        586,977  

Shenzhen Inovance Technology Co. Ltd., Class A

     270,000        2,178,058  

Shenzhen Kangtai Biological Products Co. Ltd., Class A

     112,600        478,725  

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

     154,100        6,463,029  

Shenzhen Transsion Holdings Co. Ltd., Class A

     45,753        373,255  

Shenzhou International Group Holdings Ltd.

     447,100        3,494,259  

Sichuan Yahua Industrial Group Co. Ltd., Class A

     268,400        957,018  

Sino Biopharmaceutical Ltd.

     5,903,000        2,774,821  

SITC International Holdings Co. Ltd.

     679,000        1,255,950  

Sunac China Holdings Ltd.*(b)

     1,722,000        438,732  

Sungrow Power Supply Co. Ltd., Class A

     172,000        2,668,851  

Sunny Optical Technology Group Co. Ltd.

     347,000        3,321,959  

Suzhou TA&A Ultra Clean Technology Co. Ltd., Class A

     74,000        687,877  

TBEA Co. Ltd., Class A

     621,500        1,889,132  

TCL Technology Group Corp., Class A

     3,646,900        1,856,918  

Tencent Holdings Ltd.

     2,533,600        85,982,119  

Tencent Music Entertainment Group, ADR*

     240,067        974,672  

Thunder Software Technology Co. Ltd., Class A

     59,900        887,096  

Tingyi Cayman Islands Holding Corp.

     1,376,000        2,373,411  

Tongcheng Travel Holdings Ltd.*

     837,600        1,643,211  

Tongkun Group Co. Ltd., Class A

     383,400        726,019  

Tongwei Co. Ltd., Class A

     515,958        3,398,636  

Topchoice Medical Corp., Class A*

     41,900        752,292  

Topsports International Holdings Ltd.(a)

     1,227,000        864,382  

Trip.com Group Ltd.*

     191,620        5,145,734  

United Energy Group Ltd.(b)

     5,192,000        595,269  

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

     212,500        248,506  

Vipshop Holdings Ltd., ADR*

     168,673        1,418,540  

Vnet Group, Inc., ADR*(b)

     13,853        76,191  

Walvax Biotechnology Co. Ltd., Class A

     362,200        1,884,884  

Want Want China Holdings Ltd.

     2,785,000        1,820,030