WisdomTree Trust
Semi-Annual Report
September 30, 2021
WisdomTree Europe Hedged Equity Fund (HEDJ)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
WisdomTree Germany Hedged Equity Fund (DXGE)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
WisdomTree Japan Hedged Equity Fund (DXJ)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
Information about Performance and Shareholder Expense Examples (unaudited) |
1 | |||
2 | ||||
8 | ||||
Schedules of Investments (unaudited) |
| |||
10 | ||||
13 | ||||
16 | ||||
WisdomTree International Hedged Quality Dividend Growth Fund |
18 | |||
26 | ||||
32 | ||||
41 | ||||
42 | ||||
43 | ||||
45 | ||||
48 | ||||
Approval of Investment Advisory and Sub-Advisory Agreements (unaudited) |
58 | |||
61 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
Information about Performance and Shareholder Expense Examples (unaudited)
Performance
The performance tables on the following pages are provided for comparative purposes and represent the period noted. Each Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the midpoint of the bid and ask price for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other exchange traded funds (“ETFs”), NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Fund shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund NAV returns are calculated using a Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid and ask price as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For the most recent month-end performance information visit www.wisdomtree.com.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results.
Shareholder Expense Examples
Each Fund’s performance table is accompanied by a shareholder expense example. As a shareholder of a WisdomTree Fund, you incur two types of cost: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The examples are intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2021 to September 30, 2021. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 183/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.
Actual expenses
The first line in the shareholder expense example table shown on the following pages provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period” to estimate the expenses you paid on your account during the period.
Hypothetical example for comparison purposes
The second line in the shareholder expense example table shown on the following pages provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
WisdomTree Trust | 1 |
as of September 30, 2021 (unaudited)
WisdomTree Europe Hedged Equity Fund (HEDJ)
Sector Breakdown†
Sector | % of Net Assets | |||
Materials |
22.7% | |||
Industrials |
18.4% | |||
Consumer Staples |
18.4% | |||
Information Technology |
13.3% | |||
Consumer Discretionary |
11.6% | |||
Health Care |
9.1% | |||
Communication Services |
3.8% | |||
Financials |
1.2% | |||
Energy |
0.8% | |||
Utilities |
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 | |||
Linde PLC |
6.7% | |||
ASML Holding N.V. |
6.6% | |||
Unilever PLC |
5.8% | |||
Koninklijke Ahold Delhaize N.V. |
4.0% | |||
LVMH Moet Hennessy Louis Vuitton SE |
3.7% | |||
L’Oreal S.A. |
3.7% | |||
Siemens AG, Registered Shares |
3.4% | |||
BASF SE |
3.4% | |||
Deutsche Telekom AG, Registered Shares |
3.2% | |||
Sanofi |
3.1% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Europe Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index (the “Index”). In seeking to track the Index, the Fund invests in European dividend-paying companies while at the same time hedging exposure to the fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2021)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,062.60 | 0.59 | % | $ | 3.05 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.11 | 0.59 | % | $ | 2.99 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
6.26 | % | 25.70 | % | 8.61 | % | 9.67 | % | 10.40 | % | ||||||||||
Fund Market Price Returns |
6.03 | % | 25.72 | % | 8.68 | % | 9.67 | % | 10.59 | % | ||||||||||
WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index1 |
6.45 | % | 26.47 | % | 9.19 | % | 10.16 | % | 10.86 | % | ||||||||||
MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index2 |
6.12 | % | 30.35 | % | 7.81 | % | 8.78 | % | 9.78 | % |
* |
Returns of less than one year are cumulative. |
1 |
WisdomTree DEFA International Hedged Equity Index prior to August 29, 2012; WisdomTree Europe Hedged Equity Index thereafter. |
2 |
MSCI EAFE Local Currency Index prior to August 29, 2012; MSCI EMU Local Currency 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, 2021 (unaudited)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
16.9% | |||
Utilities |
14.2% | |||
Real Estate |
13.4% | |||
Financials |
12.4% | |||
Information Technology |
9.6% | |||
Materials |
8.4% | |||
Communication Services |
6.7% | |||
Consumer Discretionary |
5.2% | |||
Consumer Staples |
5.1% | |||
Energy |
3.9% | |||
Health Care |
3.8% | |||
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 | |||
ASM International N.V. |
4.0% | |||
Mediobanca Banca di Credito Finanziario SpA |
3.2% | |||
Covivio |
2.7% | |||
ASR Nederland N.V. |
2.5% | |||
A2A SpA |
2.4% | |||
Italgas SpA |
2.1% | |||
Proximus SADP |
2.0% | |||
METRO AG |
2.0% | |||
Enagas S.A. |
1.8% | |||
Valmet Oyj |
1.7% |
* |
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 Europe Hedged SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in European small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2021)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,067.50 | 0.62 | % | $ | 3.21 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.96 | 0.62 | % | $ | 3.14 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 |
||||||||||||||||
Fund NAV Returns |
6.75 | % | 33.42 | % | 8.65 | % | 10.77 | % | 8.79 | % | ||||||||||
Fund Market Price Returns |
6.85 | % | 33.96 | % | 8.83 | % | 10.82 | % | 8.66 | % | ||||||||||
WisdomTree Europe Hedged SmallCap Equity Index |
6.73 | % | 33.92 | % | 8.87 | % | 10.94 | % | 8.92 | % | ||||||||||
MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index |
7.82 | % | 38.79 | % | 10.70 | % | 11.51 | % | 9.65 | % |
* |
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 March 4, 2015. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 3 |
Performance Summary
as of September 30, 2021 (unaudited)
WisdomTree Germany Hedged Equity Fund (DXGE)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
19.0% | |||
Financials |
14.4% | |||
Consumer Discretionary |
13.7% | |||
Materials |
12.7% | |||
Health Care |
12.3% | |||
Information Technology |
9.3% | |||
Utilities |
7.5% | |||
Communication Services |
6.0% | |||
Consumer Staples |
3.3% | |||
Energy |
0.1% | |||
Real Estate |
0.1% | |||
Other Assets less Liabilities‡ |
1.6% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Siemens AG, Registered Shares |
6.4% | |||
BASF SE |
6.2% | |||
Deutsche Post AG, Registered Shares |
6.1% | |||
Deutsche Telekom AG, Registered Shares |
6.0% | |||
Allianz SE, Registered Shares |
5.9% | |||
SAP SE |
5.6% | |||
Bayer AG, Registered Shares |
5.1% | |||
Bayerische Motoren Werke AG |
4.5% | |||
E.ON SE |
4.4% | |||
Daimler AG, Registered Shares |
3.8% |
* |
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 Germany Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Germany Hedged Equity Index (the “Index”). In seeking to track the Index, the Fund invests in German dividend-paying companies with an exporter tilt while at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2021)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,025.10 | 0.48 | % | $ | 2.44 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.66 | 0.48 | % | $ | 2.43 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 |
||||||||||||||||
Fund NAV Returns |
2.51 | % | 25.87 | % | 8.33 | % | 8.96 | % | 8.17 | % | ||||||||||
Fund Market Price Returns |
2.27 | % | 25.88 | % | 8.42 | % | 8.94 | % | 8.04 | % | ||||||||||
WisdomTree Germany Hedged Equity Index |
2.54 | % | 26.56 | % | 8.69 | % | 9.26 | % | 8.39 | % | ||||||||||
MSCI Germany Local Currency Index |
1.66 | % | 17.86 | % | 6.04 | % | 6.60 | % | 6.35 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NASDAQ on October 17, 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.
4 | WisdomTree Trust |
Performance Summary
as of September 30, 2021 (unaudited)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
Sector Breakdown†
Sector | % of Net Assets | |||
Health Care |
19.3% | |||
Materials |
18.8% | |||
Industrials |
14.1% | |||
Information Technology |
13.9% | |||
Consumer Discretionary |
11.8% | |||
Consumer Staples |
7.7% | |||
Communication Services |
4.6% | |||
Financials |
4.6% | |||
Real Estate |
2.4% | |||
Energy |
1.2% | |||
Utilities |
0.7% | |||
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 | |||
Rio Tinto PLC |
5.4% | |||
Unilever PLC |
5.3% | |||
LVMH Moet Hennessy Louis Vuitton SE |
4.8% | |||
BHP Group Ltd. |
4.4% | |||
SoftBank Corp. |
4.1% | |||
Roche Holding AG |
3.8% | |||
GlaxoSmithKline PLC |
3.7% | |||
SAP SE |
3.3% | |||
Linde PLC |
3.2% | |||
Novo Nordisk A/S, Class B |
3.1% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree International Hedged Quality Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Hedged Quality Dividend Growth Index (the “Index”). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in developed countries, excluding U.S. and Canada, while at the same time hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2021)
Beginning Account Value |
Ending Account Value |
Annualized Net Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,072.90 | 0.58 | % | $ | 3.01 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.16 | 0.58 | % | $ | 2.94 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 |
||||||||||||||||
Fund NAV Returns |
7.29 | % | 22.41 | % | 12.99 | % | 12.39 | % | 10.28 | % | ||||||||||
Fund Market Price Returns |
6.63 | % | 21.90 | % | 12.92 | % | 12.21 | % | 10.12 | % | ||||||||||
WisdomTree International Hedged Quality Dividend Growth Index |
7.65 | % | 23.11 | % | 13.64 | % | 13.11 | % | 10.96 | % | ||||||||||
MSCI EAFE Local Currency Index |
6.17 | % | 27.20 | % | 7.16 | % | 9.01 | % | 7.35 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 5 |
Performance Summary
as of September 30, 2021 (unaudited)
WisdomTree Japan Hedged Equity Fund (DXJ)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
20.4% | |||
Consumer Discretionary |
17.8% | |||
Financials |
15.8% | |||
Information Technology |
12.9% | |||
Health Care |
10.1% | |||
Consumer Staples |
8.3% | |||
Materials |
7.9% | |||
Communication Services |
3.7% | |||
Energy |
2.0% | |||
Utilities |
0.1% | |||
Other Assets less Liabilities‡ |
1.0% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Toyota Motor Corp. |
5.5% | |||
Mitsubishi UFJ Financial Group, Inc. |
4.8% | |||
Sumitomo Mitsui Financial Group, Inc. |
3.3% | |||
Japan Tobacco, Inc. |
3.0% | |||
Mitsubishi Corp. |
2.8% | |||
Takeda Pharmaceutical Co., Ltd. |
2.7% | |||
Tokyo Electron Ltd. |
2.4% | |||
ITOCHU Corp. |
2.4% | |||
Canon, Inc. |
2.1% | |||
Mizuho Financial Group, Inc. |
2.1% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Japan Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index (the “Index”). The Fund seeks to provide Japanese equity returns while mitigating or “hedging” against fluctuations between the value of the Japanese yen and the U.S. dollar. In seeking to track the Index, the Fund invests in Japanese dividend-paying companies with an exporter tilt while at the same time hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2021)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,051.10 | 0.48 | % | $ | 2.47 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.66 | 0.48 | % | $ | 2.43 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
Fund NAV Returns |
5.11 | % | 33.53 | % | 5.46 | % | 11.02 | % | 10.56 | % | ||||||||||
Fund Market Price Returns |
3.63 | % | 31.78 | % | 5.27 | % | 10.70 | % | 10.65 | % | ||||||||||
WisdomTree Japan Hedged Equity Index |
5.28 | % | 33.81 | % | 5.89 | % | 11.62 | % | 11.15 | % | ||||||||||
MSCI Japan Local Currency Index |
5.29 | % | 29.06 | % | 6.91 | % | 11.50 | % | 12.43 | % |
* |
Returns of less than one year are cumulative. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
6 | WisdomTree Trust |
Performance Summary
as of September 30, 2021 (unaudited)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
Sector Breakdown†
Sector | % of Net Assets | |||
Industrials |
26.7% | |||
Consumer Discretionary |
15.6% | |||
Materials |
14.3% | |||
Information Technology |
10.9% | |||
Financials |
10.9% | |||
Consumer Staples |
6.7% | |||
Health Care |
4.7% | |||
Communication Services |
3.3% | |||
Real Estate |
2.6% | |||
Utilities |
2.0% | |||
Energy |
1.3% | |||
Other Assets less Liabilities‡ |
1.0% | |||
Total |
100.0% |
† |
The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. It does not include derivatives (if any). |
‡ |
Other assets less liabilities may include investment of cash collateral for securities on loan and/or receivables/payables on derivatives (if any). |
Top Ten Holdings*
Description | % of Net Assets | |||
Nippon Yusen K.K. |
1.4% | |||
Sojitz Corp. |
0.8% | |||
Seven Bank Ltd. |
0.8% | |||
JTEKT Corp. |
0.6% | |||
Mebuki Financial Group, Inc. |
0.6% | |||
Electric Power Development Co., Ltd. |
0.6% | |||
Yokohama Rubber Co., Ltd. (The) |
0.6% | |||
AEON Financial Service Co., Ltd. |
0.6% | |||
Tokyo Tatemono Co., Ltd. |
0.6% | |||
Mitsui OSK Lines Ltd. |
0.6% |
* |
The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any). |
The WisdomTree Japan Hedged SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged SmallCap Equity Index (the “Index”). In seeking to track the Index, the Fund invests in Japanese small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.
Shareholder Expense Example (for the six-month period ended September 30, 2021)
Beginning Account Value |
Ending Account Value |
Annualized Expense Ratio |
Expenses Paid During the Period |
|||||||||||||
Actual |
$ | 1,000.00 | $ | 1,032.60 | 0.58 | % | $ | 2.96 | ||||||||
Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.16 | 0.58 | % | $ | 2.94 |
Performance
Average Annual Total Return | ||||||||||||||||||||
6-Month* | 1 Year | 3 Year | 5 Year | Since Inception1 |
||||||||||||||||
Fund NAV Returns |
3.26 | % | 19.67 | % | 2.56 | % | 10.39 | % | 10.14 | % | ||||||||||
Fund Market Price Returns |
2.14 | % | 18.38 | % | 2.40 | % | 10.15 | % | 9.93 | % | ||||||||||
WisdomTree Japan Hedged SmallCap Equity Index |
3.46 | % | 20.20 | % | 3.05 | % | 11.05 | % | 10.96 | % | ||||||||||
MSCI Japan Small Cap Local Currency Index |
3.47 | % | 21.02 | % | 4.00 | % | 9.96 | % | 10.56 | % |
* |
Returns of less than one year are cumulative. |
1 |
Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 28, 2013. |
Performance is historical and does not guarantee future results. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.
WisdomTree Trust | 7 |
Description of Terms and Indexes (unaudited)
Below are descriptions of certain terms and of each Index referenced in this report:
Growth is generally characterized by higher price levels relative to fundamentals, such as dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.
The MSCI EAFE Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure developed market equity performance, excluding the U.S. and Canada, calculated in local currency.
The MSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.
The MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index is a free float-adjusted market capitalization weighted index that captures small cap representation across the 10 Developed Market countries in the EMU and is calculated in local currency.
The MSCI Germany Local Currency Index is a capitalization weighted index that measures the performance of the Germany equity market and provides local currency returns, which are not translated back to U.S. dollars.
The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.
The MSCI Japan Local Currency Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan and calculated in local currency.
The MSCI Japan Small Cap Local Currency Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan and calculated in local currency.
Quality is generally characterized by higher efficiency and profitability. Typical measures include earnings, return-on-equity, return on assets, operating profitability as well as others. This term is also related to the quality factor, which associates these stock characteristics with excess returns vs. the market over time.
Return-on-Equity (ROE) measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.
The WisdomTree DEFA International Hedged Equity Index is a dividend weighted index designed to provide exposure to developed world, non-U.S. equity securities while at the same time neutralizing exposure to fluctuations between the value of the U.S. dollar and non-U.S. currencies reflected in the index. This index is based on the WisdomTree International Equity Index.
The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the U.S. dollar.
The WisdomTree Europe Hedged SmallCap Equity Index is designed to provide exposure to the European equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to U.S. dollar.
The WisdomTree Germany Hedged Equity Index is designed to provide exposure to Germany equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to the U.S. dollar. In this sense, the Index “hedges” against fluctuations in the relative value of the Euro against the U.S. dollar.
The WisdomTree International Hedged Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar.
The WisdomTree Japan Hedged Equity Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.
8 | WisdomTree Trust |
Description of Terms and Indexes (unaudited) (concluded)
The WisdomTree Japan Hedged SmallCap Equity Index is designed to provide exposure to the small-capitalization segment of the Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. (together, “WisdomTree”) and the Funds make no representation or warranty, express or implied, to the owners of shares of the Funds or any member of the public regarding the advisability of investing in securities generally or in the Funds particularly or the ability of the underlying Indexes to track the performance of their underlying securities. WisdomTree Investments is the licensor of certain trademarks, service marks and trade names of the Funds. WisdomTree Investments has no obligation to take the needs of the Funds or the owners of shares of the Funds into consideration in determining, composing, or calculating the underlying WisdomTree Indexes of the applicable Funds. WisdomTree Investments is not responsible for, and has not participated in, the determination of the timing of, prices of, or quantities of shares of the Funds to be issued or in the determination or calculation of the equation by which the shares of the Funds are redeemable. WisdomTree and the Funds do not guarantee the accuracy, completeness, or performance of the underlying Indexes or the data included therein and shall have no liability in connection with the underlying Indexes or their calculation.
Index performance information assumes the reinvestment of dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
* * * * * *
Abbreviations used in the schedules of investments and related tables included in this report are as follows:
Currency abbreviations: | ||||||||||
AUD | Australian dollar | ILS | Israeli new shekel | |||||||
CHF | Swiss franc | JPY | Japanese yen | |||||||
DKK | Danish krone | NOK | Norwegian krone | |||||||
EUR | Euro | SEK | Swedish krona | |||||||
GBP | British pound | SGD | Singapore dollar | |||||||
HKD | Hong Kong dollar | USD | U.S. dollar | |||||||
Other abbreviations: | ||||||||||
CVA | Certificaten Van Aandelen (Certificate of Stock) | |||||||||
RSP | Risparmio Italian Savings Shares |
WisdomTree Trust | 9 |
Schedule of Investments (unaudited)
WisdomTree Europe Hedged Equity Fund (HEDJ)
September 30, 2021
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.5% |
| |||||||
Austria – 0.2% |
| |||||||
Andritz AG |
86,465 | $ | 4,737,863 | |||||
Belgium – 3.2% |
| |||||||
Barco N.V. |
140,430 | 3,051,588 | ||||||
Bekaert S.A. |
57,908 | 2,414,707 | ||||||
Fagron |
18,537 | 363,070 | ||||||
Melexis N.V. |
41,326 | 4,406,319 | ||||||
Solvay S.A. |
281,172 | 35,079,291 | ||||||
UCB S.A. |
140,017 | 15,707,997 | ||||||
Umicore S.A. |
98,225 | 5,833,052 | ||||||
|
|
|||||||
Total Belgium |
|
66,856,024 | ||||||
Finland – 5.9% |
| |||||||
Cargotec Oyj, Class B |
123,753 | 6,313,504 | ||||||
Fiskars Oyj Abp |
64,669 | 1,434,507 | ||||||
Huhtamaki Oyj(a) |
176,108 | 7,959,914 | ||||||
Kemira Oyj |
324,614 | 5,011,136 | ||||||
Kone Oyj, Class B |
845,584 | 59,563,766 | ||||||
Konecranes Oyj* |
187,694 | 7,563,447 | ||||||
Metso Outotec Oyj |
217,760 | 1,997,280 | ||||||
Neles Oyj |
931,583 | 12,793,949 | ||||||
Revenio Group Oyj |
18,478 | 1,174,617 | ||||||
Valmet Oyj |
459,144 | 16,676,795 | ||||||
|
|
|||||||
Total Finland |
|
120,488,915 | ||||||
France – 24.5% |
| |||||||
Air Liquide S.A. |
269,438 | 43,273,707 | ||||||
Arkema S.A. |
36,739 | 4,875,257 | ||||||
BioMerieux(a) |
5,142 | 587,351 | ||||||
Cie Generale des Etablissements Michelin SCA(a) |
71,958 | 11,074,952 | ||||||
Danone S.A.(a) |
545,031 | 37,299,740 | ||||||
Dassault Systemes SE(a) |
122,545 | 6,457,100 | ||||||
Gaztransport Et Technigaz S.A. |
26,859 | 2,015,553 | ||||||
Hermes International(a) |
15,656 | 21,709,919 | ||||||
Imerys S.A. |
95,913 | 4,166,216 | ||||||
IPSOS |
15,311 | 698,253 | ||||||
Kering S.A. |
33,843 | 24,160,964 | ||||||
L’Oreal S.A. |
184,630 | 76,357,670 | ||||||
Legrand S.A. |
100,928 | 10,850,184 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
106,848 | 76,787,906 | ||||||
Pernod Ricard S.A. |
104,758 | 23,152,750 | ||||||
Publicis Groupe S.A. |
170,560 | 11,516,284 | ||||||
Remy Cointreau S.A.(a) |
6,176 | 1,198,911 | ||||||
Rubis SCA |
115,393 | 3,997,331 | ||||||
Sanofi |
661,609 | 63,703,396 | ||||||
Sartorius Stedim Biotech(a) |
2,378 | 1,333,069 | ||||||
Schneider Electric SE(a) |
380,548 | 63,465,095 | ||||||
SEB S.A. |
11,130 | 1,572,402 | ||||||
Societe BIC S.A.(a) |
48,520 | 2,862,222 | ||||||
Teleperformance |
9,842 | 3,879,312 | ||||||
Vicat S.A. |
48,479 | 2,163,112 | ||||||
Wendel SE(a) |
29,124 | 4,047,016 | ||||||
|
|
|||||||
Total France |
|
503,205,672 | ||||||
Germany – 26.0% |
| |||||||
BASF SE |
915,640 | 69,878,767 | ||||||
Bayer AG, Registered Shares |
979,942 | 53,383,756 | ||||||
Bayerische Motoren Werke AG |
377,103 | 36,169,722 | ||||||
Beiersdorf AG |
30,354 | 3,287,808 | ||||||
Brenntag SE |
78,184 | 7,301,462 | ||||||
Continental AG* |
96,809 | 10,635,134 | ||||||
Covestro AG(b) |
80,359 | 5,526,457 | ||||||
Daimler AG, Registered Shares |
318,057 | 28,279,925 | ||||||
Deutsche Telekom AG, Registered Shares |
3,250,914 | 65,541,983 | ||||||
Duerr AG |
34,021 | 1,467,534 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG |
4,233 | 547,491 | ||||||
Evonik Industries AG |
378,435 | 11,960,274 | ||||||
Fresenius Medical Care AG & Co. KGaA |
115,465 | 8,144,173 | ||||||
Fresenius SE & Co. KGaA |
206,078 | 9,919,974 | ||||||
GEA Group AG |
41,052 | 1,883,582 | ||||||
Hannover Rueck SE |
76,342 | 13,390,927 | ||||||
Hapag-Lloyd AG(b) |
50,872 | 11,137,186 | ||||||
HeidelbergCement AG |
38,319 | 2,876,867 | ||||||
Henkel AG & Co. KGaA |
87,131 | 7,528,094 | ||||||
Infineon Technologies AG |
221,369 | 9,114,138 | ||||||
Knorr-Bremse AG |
63,391 | 6,805,983 | ||||||
Krones AG |
6,282 | 615,568 | ||||||
LANXESS AG |
29,995 | 2,036,399 | ||||||
Merck KGaA |
19,278 | 4,192,521 | ||||||
SAP SE |
460,083 | 62,321,957 | ||||||
Siemens AG, Registered Shares |
430,473 | 70,803,417 | ||||||
Siemens Healthineers AG(b) |
320,525 | 20,869,322 | ||||||
Siltronic AG |
15,045 | 2,374,838 | ||||||
Software AG |
26,103 | 1,219,764 | ||||||
Symrise AG |
25,176 | 3,316,048 | ||||||
Vitesco Technologies Group AG, Class A* |
19,033 | 1,124,973 | ||||||
Wacker Chemie AG |
5,800 | 1,084,916 | ||||||
|
|
|||||||
Total Germany |
|
534,740,960 | ||||||
Ireland – 3.5% |
| |||||||
CRH PLC |
1,137,265 | 53,459,429 | ||||||
Glanbia PLC |
526,847 | 8,694,792 | ||||||
Kerry Group PLC, Class A(a) |
72,388 | 9,731,712 | ||||||
|
|
|||||||
Total Ireland |
|
71,885,933 | ||||||
Italy – 1.2% |
| |||||||
Carel Industries SpA(b) |
39,774 | 1,085,563 | ||||||
Davide Campari-Milano N.V.(a) |
282,322 | 3,985,260 | ||||||
Ferrari N.V.(a) |
80,098 | 16,797,512 | ||||||
Reply SpA |
16,309 | 3,012,870 | ||||||
|
|
|||||||
Total Italy |
|
24,881,205 | ||||||
Netherlands – 18.3% |
| |||||||
Akzo Nobel N.V. |
267,986 | 29,312,764 | ||||||
ASM International N.V. |
72,039 | 28,236,182 | ||||||
ASML Holding N.V. |
181,408 | 135,795,825 | ||||||
BE Semiconductor Industries N.V. |
92,603 | 7,368,745 | ||||||
Corbion N.V. |
32,917 | 1,593,109 | ||||||
EXOR N.V. |
87,994 | 7,436,429 |
See Notes to Financial Statements.
10 | WisdomTree Trust |
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Hedged Equity Fund (HEDJ)
September 30, 2021
Investments | Shares | Value | ||||||
IMCD N.V. |
26,927 | $ | 5,156,965 | |||||
Koninklijke Ahold Delhaize N.V. |
2,463,819 | 82,051,155 | ||||||
Koninklijke DSM N.V. |
177,882 | 35,613,508 | ||||||
Koninklijke Vopak N.V. |
181,630 | 7,157,003 | ||||||
SBM Offshore N.V. |
390,087 | 6,962,206 | ||||||
Wolters Kluwer N.V. |
277,929 | 29,498,450 | ||||||
|
|
|||||||
Total Netherlands |
|
376,182,341 | ||||||
Spain – 3.7% |
| |||||||
ACS Actividades de Construccion y Servicios S.A.(a) |
1,577,119 | 42,861,958 | ||||||
Cie Automotive S.A. |
305,381 | 7,708,406 | ||||||
Grifols S.A.(a) |
331,023 | 8,087,112 | ||||||
Prosegur Cash S.A.(b) |
5,182,620 | 4,180,452 | ||||||
Prosegur Cia de Seguridad S.A. |
1,894,607 | 5,643,090 | ||||||
Viscofan S.A. |
104,037 | 6,818,442 | ||||||
|
|
|||||||
Total Spain |
|
75,299,460 | ||||||
Switzerland – 0.5% |
| |||||||
STMicroelectronics N.V.(a) |
236,812 | 10,364,728 | ||||||
United Kingdom – 12.5% |
| |||||||
Linde PLC |
467,173 | 138,660,260 | ||||||
Unilever PLC |
2,191,682 | 118,480,625 | ||||||
|
|
|||||||
Total United Kingdom |
|
257,140,885 | ||||||
TOTAL COMMON STOCKS (Cost: $1,687,361,588) |
|
2,045,783,986 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6% |
| |||||||
United States – 1.6% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) |
||||||||
(Cost: $32,724,682) | 32,724,682 | $ | 32,724,682 | |||||
TOTAL INVESTMENTS IN SECURITIES – 101.1% (Cost: $1,720,086,270) |
|
2,078,508,668 | ||||||
Other Assets less Liabilities – (1.1)% |
|
(23,006,838 | ) | |||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 2,055,501,830 |
* |
Non-income producing security. |
(a) |
Security, or portion thereof, was on loan at September 30, 2021 (See Note 2). At September 30, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $38,470,136 and the total market value of the collateral held by the Fund was $40,488,051. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,763,369. |
(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, 2021. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and be Purchased |
Amount and Description of Currency to be Sold |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
Bank of America N.A. |
10/5/2021 | 464,609,800 | EUR | 538,477,648 | USD | $ | — | $ | (8,601 | ) | ||||||||||||||||||
Bank of America N.A. |
10/5/2021 | 534,481,525 | USD | 452,493,350 | EUR | 10,055,086 | — | |||||||||||||||||||||
Bank of America N.A. |
10/5/2021 | 15,984,494 | USD | 13,620,250 | EUR | 199,026 | — | |||||||||||||||||||||
Bank of America N.A. |
11/3/2021 | 516,304,827 | USD | 445,238,909 | EUR | 3,706 | — | |||||||||||||||||||||
Citibank N.A. |
10/5/2021 | 464,611,806 | EUR | 538,477,649 | USD | — | (6,278 | ) | ||||||||||||||||||||
Citibank N.A. |
10/5/2021 | 534,481,525 | USD | 452,491,051 | EUR | 10,057,750 | — | |||||||||||||||||||||
Citibank N.A. |
11/3/2021 | 516,304,827 | USD | 445,241,597 | EUR | 589 | — | |||||||||||||||||||||
Goldman Sachs |
10/5/2021 | 464,613,007 | EUR | 538,477,648 | USD | — | (4,884 | ) | ||||||||||||||||||||
Goldman Sachs |
10/5/2021 | 534,481,525 | USD | 452,486,838 | EUR | 10,062,634 | — | |||||||||||||||||||||
Goldman Sachs |
11/3/2021 | 516,304,827 | USD | 445,230,462 | EUR | 13,501 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. |
10/5/2021 | 464,612,607 | EUR | 538,477,648 | USD | — | (5,348 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. |
10/5/2021 | 534,481,524 | USD | 452,489,901 | EUR | 10,059,082 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. |
11/3/2021 | 516,304,827 | USD | 445,243,133 | EUR | — | (1,192 | ) | ||||||||||||||||||||
$ | 40,451,374 | $ | (26,303 | ) |
See Notes to Financial Statements.
WisdomTree Trust | 11 |
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe Hedged Equity Fund (HEDJ)
September 30, 2021
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of September 30, 2021 in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):
Quoted Prices in Active Markets (Level 1) |
Other Significant Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | |||||||||||||
Assets: |
|
|||||||||||||||
Investments in Securities |
||||||||||||||||
Common Stocks |
$ | 2,045,783,986 | $ | — | $ | — | $ | 2,045,783,986 | ||||||||
Investment of Cash Collateral for Securities Loaned |
— | 32,724,682 | — | 32,724,682 | ||||||||||||
Total Investments in Securities |
$ | 2,045,783,986 | $ | 32,724,682 | $ | — | $ | 2,078,508,668 | ||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | 40,451,374 | $ | — | $ | 40,451,374 | ||||||||
Liabilities: |
|
|||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (26,303 | ) | $ | — | $ | (26,303 | ) | ||||||
Total – Net |
$ | 2,045,783,986 | $ | 73,149,753 | $ | — | $ | 2,118,933,739 |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
12 | WisdomTree Trust |
Schedule of Investments (unaudited)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
September 30, 2021
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.6% |
| |||||||
Austria – 4.5% |
| |||||||
Andritz AG |
4,782 | $ | 262,030 | |||||
AT&S Austria Technologie & Systemtechnik AG |
1,730 | 66,064 | ||||||
CA Immobilien Anlagen AG |
11,618 | 491,461 | ||||||
Oesterreichische Post AG(a) |
9,529 | 404,197 | ||||||
Schoeller-Bleckmann Oilfield Equipment AG* |
2,601 | 105,204 | ||||||
Telekom Austria AG* |
11,411 | 98,657 | ||||||
UNIQA Insurance Group AG |
31,903 | 284,700 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe |
7,897 | 227,890 | ||||||
Voestalpine AG |
4,108 | 152,541 | ||||||
Wienerberger AG |
8,902 | 300,637 | ||||||
|
|
|||||||
Total Austria |
|
2,393,381 | ||||||
Belgium – 12.0% |
| |||||||
Aedifica S.A. |
3,597 | 449,390 | ||||||
Barco N.V. |
7,410 | 161,022 | ||||||
Bekaert S.A. |
3,162 | 131,852 | ||||||
Cofinimmo S.A. |
5,143 | 780,823 | ||||||
D’ieteren Group |
3,467 | 510,296 | ||||||
Elia Group S.A./N.V. |
3,802 | 454,733 | ||||||
Euronav N.V. |
84,627 | 804,440 | ||||||
Fagron |
1,668 | 32,670 | ||||||
Intervest Offices & Warehouses N.V. |
3,217 | 88,175 | ||||||
Melexis N.V. |
2,270 | 242,035 | ||||||
Orange Belgium S.A. |
5,775 | 129,977 | ||||||
Proximus SADP |
54,728 | 1,087,139 | ||||||
Recticel S.A. |
4,605 | 76,639 | ||||||
Telenet Group Holding N.V. |
15,590 | 595,522 | ||||||
Warehouses De Pauw CVA |
19,150 | 776,786 | ||||||
Xior Student Housing N.V. |
1,042 | 58,872 | ||||||
|
|
|||||||
Total Belgium |
|
6,380,371 | ||||||
Denmark – 0.2% |
| |||||||
Cementir Holding N.V. | 10,403 | 101,396 | ||||||
Finland – 12.1% |
| |||||||
Anora Group Oyj(a) |
3,328 | 38,647 | ||||||
Cargotec Oyj, Class B |
6,485 | 330,845 | ||||||
Huhtamaki Oyj |
9,418 | 425,685 | ||||||
Kamux Corp. |
2,155 | 31,993 | ||||||
Kemira Oyj |
16,959 | 261,800 | ||||||
Kojamo Oyj |
19,849 | 412,002 | ||||||
Konecranes Oyj* |
10,217 | 411,711 | ||||||
Lassila & Tikanoja Oyj |
2,795 | 44,119 | ||||||
Metsa Board Oyj |
43,305 | 406,275 | ||||||
Metso Outotec Oyj |
9,956 | 91,316 | ||||||
Neles Oyj |
50,217 | 689,658 | ||||||
Nokian Renkaat Oyj |
11,277 | 405,285 | ||||||
Oriola Oyj, Class B |
17,574 | 36,172 | ||||||
Orion Oyj, Class B |
17,293 | 686,429 | ||||||
Raisio Oyj, Class V |
16,362 | 64,379 | ||||||
Revenio Group Oyj |
966 | 61,407 | ||||||
Rovio Entertainment Oyj(a)(b) |
5,575 | 37,313 | ||||||
Sanoma Oyj |
7,592 | 119,135 | ||||||
Talenom Oyj |
2,100 | 34,024 | ||||||
Terveystalo Oyj(b) |
6,987 | 87,454 | ||||||
TietoEVRY Oyj |
9,280 | 279,631 | ||||||
Tokmanni Group Corp. |
4,057 | 99,021 | ||||||
Uponor Oyj |
10,128 | 252,129 | ||||||
Valmet Oyj |
24,555 | 891,874 | ||||||
Verkkokauppa.com Oyj |
7,682 | 70,334 | ||||||
YIT Oyj |
36,126 | 191,338 | ||||||
|
|
|||||||
Total Finland |
|
6,459,976 | ||||||
France – 11.6% |
| |||||||
ABC Arbitrage |
3,863 | 31,339 | ||||||
Albioma S.A. |
2,109 | 83,104 | ||||||
Chargeurs S.A. |
1,938 | 58,577 | ||||||
Cie Plastic Omnium S.A. |
10,659 | 273,995 | ||||||
Covivio |
16,965 | 1,431,757 | ||||||
Derichebourg S.A.* |
19,867 | 230,018 | ||||||
Gaztransport Et Technigaz S.A. |
4,147 | 311,199 | ||||||
Imerys S.A. |
14,114 | 613,076 | ||||||
IPSOS |
2,649 | 120,807 | ||||||
Kaufman & Broad S.A. |
3,557 | 148,612 | ||||||
Nexity S.A. |
13,502 | 644,703 | ||||||
Quadient S.A. |
3,101 | 74,753 | ||||||
Rubis SCA |
17,256 | 597,765 | ||||||
Societe BIC S.A. |
7,772 | 458,475 | ||||||
Trigano S.A. |
1,455 | 274,188 | ||||||
Vicat S.A. |
4,583 | 204,492 | ||||||
Wendel SE |
4,609 | 640,458 | ||||||
|
|
|||||||
Total France |
|
6,197,318 | ||||||
Germany – 15.4% |
| |||||||
1&1 AG |
1,684 | 53,359 | ||||||
alstria office REIT AG |
23,693 | 431,381 | ||||||
Aurubis AG |
4,077 | 308,923 | ||||||
Bechtle AG |
4,365 | 299,988 | ||||||
Bilfinger SE |
1,309 | 45,785 | ||||||
CANCOM SE |
1,557 | 92,426 | ||||||
CompuGroup Medical SE & Co. KgaA |
1,113 | 91,713 | ||||||
CropEnergies AG |
9,547 | 132,995 | ||||||
Dermapharm Holding SE |
4,289 | 414,559 | ||||||
DIC Asset AG |
15,208 | 268,962 | ||||||
Duerr AG |
6,136 | 264,683 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG |
607 | 78,509 | ||||||
Elmos Semiconductor SE |
1,553 | 79,013 | ||||||
Encavis AG(a) |
8,683 | 152,256 | ||||||
Freenet AG |
879 | 23,054 | ||||||
Fuchs Petrolub SE |
2,756 | 100,869 | ||||||
GEA Group AG |
7,337 | 336,642 | ||||||
Gerresheimer AG |
1,210 | 118,918 | ||||||
GFT Technologies SE |
2,374 | 78,551 | ||||||
GRENKE AG |
3,372 | 144,634 | ||||||
Hamborner REIT AG |
13,465 | 145,909 | ||||||
Hamburger Hafen und Logistik AG |
9,382 | 210,941 | ||||||
Hornbach Baumarkt AG |
2,620 | 118,421 |
See Notes to Financial Statements.
WisdomTree Trust | 13 |
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
September 30, 2021
Investments | Shares | Value | ||||||
Hornbach Holding AG & Co. KGaA |
1,213 | $ | 157,731 | |||||
Indus Holding AG |
2,181 | 83,919 | ||||||
Jenoptik AG |
994 | 33,753 | ||||||
Krones AG |
1,333 | 130,620 | ||||||
LANXESS AG |
5,250 | 356,429 | ||||||
METRO AG |
80,439 | 1,047,846 | ||||||
MLP SE |
4,940 | 40,993 | ||||||
Nemetschek SE |
2,320 | 243,871 | ||||||
PATRIZIA AG* |
3,802 | 100,685 | ||||||
Rheinmetall AG |
4,525 | 444,607 | ||||||
Siltronic AG |
1,992 | 314,435 | ||||||
Software AG |
4,998 | 233,551 | ||||||
STRATEC SE |
324 | 45,961 | ||||||
Suedzucker AG |
9,277 | 149,124 | ||||||
TAG Immobilien AG |
13,174 | 386,586 | ||||||
VERBIO Vereinigte BioEnergie AG |
3,017 | 198,954 | ||||||
Wacker Chemie AG |
876 | 163,860 | ||||||
Wuestenrot & Wuerttembergische AG |
2,403 | 50,965 | ||||||
|
|
|||||||
Total Germany |
|
8,176,381 | ||||||
Ireland – 1.2% |
| |||||||
Glanbia PLC |
28,025 | 462,509 | ||||||
Hibernia REIT PLC |
85,799 | 116,142 | ||||||
Irish Continental Group PLC* |
7,219 | 36,101 | ||||||
|
|
|||||||
Total Ireland |
|
614,752 | ||||||
Italy – 20.0% |
| |||||||
A2A SpA |
614,369 | 1,264,197 | ||||||
ACEA SpA |
18,083 | 386,452 | ||||||
Alerion Cleanpower SpA(a) |
4,551 | 79,643 | ||||||
Anima Holding SpA(b) |
66,739 | 319,831 | ||||||
Ascopiave SpA |
20,145 | 81,131 | ||||||
Azimut Holding SpA |
27,225 | 749,685 | ||||||
Buzzi Unicem SpA |
4,877 | 111,603 | ||||||
Carel Industries SpA(b) |
2,074 | 56,606 | ||||||
Danieli & C. Officine Meccaniche SpA |
1,341 | 38,776 | ||||||
Danieli & C. Officine Meccaniche SpA, RSP |
2,240 | 42,835 | ||||||
Datalogic SpA |
5,037 | 102,100 | ||||||
Enav SpA*(b) |
107,240 | 503,109 | ||||||
ERG SpA |
16,013 | 476,947 | ||||||
Falck Renewables SpA |
11,765 | 91,696 | ||||||
Fiera Milano SpA*(a) |
16,105 | 67,007 | ||||||
Hera SpA |
149,887 | 614,244 | ||||||
Immobiliare Grande Distribuzione SIIQ SpA* |
26,080 | 118,484 | ||||||
Interpump Group SpA |
2,353 | 152,712 | ||||||
Iren SpA |
168,542 | 500,831 | ||||||
Italgas SpA |
174,534 | 1,120,610 | ||||||
La Doria SpA |
1,265 | 24,659 | ||||||
Mediobanca Banca di Credito Finanziario SpA* |
138,786 | 1,679,233 | ||||||
Piaggio & C. SpA |
53,553 | 185,327 | ||||||
Prysmian SpA |
7,974 | 280,201 | ||||||
RAI Way SpA(b) |
27,194 | 164,516 | ||||||
Reply SpA |
874 | 161,460 | ||||||
SOL SpA |
4,605 | 101,402 | ||||||
Telecom Italia SpA |
1,412,180 | 555,478 | ||||||
Telecom Italia SpA, RSP |
1,464,707 | 593,963 | ||||||
Zignago Vetro SpA |
2,806 | 55,544 | ||||||
|
|
|||||||
Total Italy |
|
10,680,282 | ||||||
Netherlands – 12.5% |
| |||||||
Aalberts N.V. |
8,266 | 477,653 | ||||||
ASM International N.V. |
5,387 | 2,111,472 | ||||||
ASR Nederland N.V. |
28,868 | 1,322,204 | ||||||
BE Semiconductor Industries N.V. |
6,396 | 508,952 | ||||||
Corbion N.V. |
2,304 | 111,508 | ||||||
Euronext N.V.(b) |
5,673 | 642,351 | ||||||
ForFarmers N.V. |
13,108 | 65,703 | ||||||
IMCD N.V. |
1,937 | 370,967 | ||||||
SBM Offshore N.V. |
28,963 | 516,927 | ||||||
TKH Group N.V., CVA |
6,627 | 371,422 | ||||||
Van Lanschot Kempen N.V. |
5,651 | 174,537 | ||||||
|
|
|||||||
Total Netherlands |
|
6,673,696 | ||||||
Portugal – 1.6% |
| |||||||
Altri, SGPS, S.A. |
51,494 | 319,581 | ||||||
Corticeira Amorim, SGPS, S.A. |
5,310 | 72,864 | ||||||
REN – Redes Energeticas Nacionais, SGPS, S.A. |
55,426 | 163,802 | ||||||
Sonae, SGPS, S.A. |
290,353 | 305,714 | ||||||
|
|
|||||||
Total Portugal |
|
861,961 | ||||||
Spain – 8.5% |
| |||||||
Acciona S.A. |
3,237 | 537,218 | ||||||
Almirall S.A. |
10,440 | 166,004 | ||||||
Cia de Distribucion Integral Logista Holdings S.A. |
16,004 | 337,756 | ||||||
Cie Automotive S.A. |
16,421 | 414,498 | ||||||
Ebro Foods S.A.(a) |
8,751 | 166,937 | ||||||
Enagas S.A. |
43,304 | 963,845 | ||||||
Ercros S.A.* |
8,171 | 33,476 | ||||||
Faes Farma S.A. |
40,256 | 157,693 | ||||||
Global Dominion Access S.A.(b) |
9,982 | 50,439 | ||||||
Grupo Catalana Occidente S.A. |
7,594 | 277,234 | ||||||
Inmobiliaria Colonial Socimi S.A. |
46,252 | 449,199 | ||||||
Miquel y Costas & Miquel S.A. |
4,053 | 79,477 | ||||||
Pharma Mar S.A.(a) |
327 | 28,226 | ||||||
Prosegur Cash S.A.(a)(b) |
159,185 | 128,403 | ||||||
Prosegur Cia de Seguridad S.A. |
57,766 | 172,056 | ||||||
Viscofan S.A. |
5,749 | 376,782 | ||||||
Zardoya Otis S.A. |
22,502 | 183,072 | ||||||
|
|
|||||||
Total Spain |
|
4,522,315 | ||||||
TOTAL COMMON STOCKS (Cost: $47,221,977) |
|
53,061,829 | ||||||
RIGHTS – 0.0% |
| |||||||
Austria – 0.0% |
| |||||||
CA Immobilien
Anlagen AG*† (Cost: $0) |
8,284 | 0 |
See Notes to Financial Statements.
14 | WisdomTree Trust |
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)
September 30, 2021
Investments | Shares | Value | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.7% |
| |||||||
United States – 1.7% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c) |
||||||||
(Cost: $905,426) | 905,426 | $ | 905,426 | |||||
TOTAL INVESTMENTS IN SECURITIES – 101.3% (Cost: $48,127,403) |
53,967,255 | |||||||
Other Assets less Liabilities – (1.3)% |
(671,631 | ) | ||||||
|
|
|||||||
NET ASSETS – 100.0% | $ | 53,295,624 |
* |
Non-income producing security. |
† |
Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets. |
(a) |
Security, or portion thereof, was on loan at September 30, 2021 (See Note 2). At September 30, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $939,713 and the total market value of the collateral held by the Fund was $991,437. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $86,011. |
(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, 2021. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and Description of Currency to be Purchased |
Amount and Description of Currency to be Sold |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
Bank of America N.A. |
10/5/2021 | 11,978,429 | EUR | 13,882,868 | USD | $ | — | $ | (222 | ) | ||||||||||||||||||
Bank of America N.A. |
10/5/2021 | 13,882,868 | USD | 11,753,270 | EUR | 261,175 | — | |||||||||||||||||||||
Bank of America N.A. |
11/3/2021 | 13,313,299 | USD | 11,480,812 | EUR | 96 | — | |||||||||||||||||||||
Citibank N.A. |
10/5/2021 | 11,978,482 | EUR | 13,882,869 | USD | — | (162 | ) | ||||||||||||||||||||
Citibank N.A. |
10/5/2021 | 13,882,868 | USD | 11,753,210 | EUR | 261,245 | — | |||||||||||||||||||||
Citibank N.A. |
11/3/2021 | 13,313,298 | USD | 11,480,881 | EUR | 15 | — | |||||||||||||||||||||
Goldman Sachs |
10/5/2021 | 11,978,512 | EUR | 13,882,868 | USD | — | (126 | ) | ||||||||||||||||||||
Goldman Sachs |
10/5/2021 | 13,882,868 | USD | 11,753,100 | EUR | 261,372 | — | |||||||||||||||||||||
Goldman Sachs |
11/3/2021 | 13,313,299 | USD | 11,480,594 | EUR | 348 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. |
10/5/2021 | 11,978,502 | EUR | 13,882,868 | USD | — | (138 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. |
10/5/2021 | 13,882,869 | USD | 11,753,181 | EUR | 261,279 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. |
11/3/2021 | 13,313,299 | USD | 11,480,921 | EUR | — | (31 | ) | ||||||||||||||||||||
Standard Chartered Bank |
10/4/2021 | 26,000 | USD | 22,440 | EUR | — | (6 | ) | ||||||||||||||||||||
$ | 1,045,530 | $ | (685 | ) |
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of September 30, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted Prices in Active Markets (Level 1) |
Other Significant Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | |||||||||||||
Assets: |
|
|||||||||||||||
Investments in Securities |
||||||||||||||||
Common Stocks |
$ | 53,061,829 | $ | — | $ | — | $ | 53,061,829 | ||||||||
Rights |
— | — | 0 | * | 0 | |||||||||||
Investment of Cash Collateral for Securities Loaned |
— | 905,426 | — | 905,426 | ||||||||||||
Total Investments in Securities |
$ | 53,061,829 | $ | 905,426 | $ | 0 | $ | 53,967,255 | ||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | 1,045,530 | $ | — | $ | 1,045,530 | ||||||||
Liabilities: |
|
|||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (685 | ) | $ | — | $ | (685 | ) | ||||||
Total – Net |
$ | 53,061,829 | $ | 1,950,271 | $ | 0 | $ | 55,012,100 |
* |
Security is being fair valued using significant unobservable inputs by the Pricing Committee. |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
WisdomTree Trust | 15 |
Schedule of Investments (unaudited)
WisdomTree Germany Hedged Equity Fund (DXGE)
September 30, 2021
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.4% |
| |||||||
Germany – 98.4% |
| |||||||
Air Freight & Logistics – 6.1% |
| |||||||
Deutsche Post AG, Registered Shares |
30,610 | $ | 1,932,703 | |||||
Auto Components – 1.8% |
| |||||||
Continental AG* |
4,592 | 504,463 | ||||||
Vitesco Technologies Group AG, Class A* |
900 | 53,207 | ||||||
|
|
|||||||
Total Auto Components |
|
557,670 | ||||||
Automobiles – 11.7% |
| |||||||
Bayerische Motoren Werke AG |
14,803 | 1,419,826 | ||||||
Daimler AG, Registered Shares |
13,435 | 1,194,568 | ||||||
Volkswagen AG |
3,512 | 1,090,822 | ||||||
|
|
|||||||
Total Automobiles |
|
3,705,216 | ||||||
Capital Markets – 1.6% |
| |||||||
Deutsche Boerse AG |
3,026 | 492,731 | ||||||
Chemicals – 11.2% |
| |||||||
BASF SE |
25,841 | 1,972,104 | ||||||
Covestro AG(a) |
5,754 | 395,715 | ||||||
Evonik Industries AG |
18,407 | 581,745 | ||||||
Fuchs Petrolub SE |
1,116 | 40,845 | ||||||
LANXESS AG |
3,716 | 252,284 | ||||||
Symrise AG |
1,930 | 254,209 | ||||||
Wacker Chemie AG |
174 | 32,548 | ||||||
|
|
|||||||
Total Chemicals |
|
3,529,450 | ||||||
Construction Materials – 0.9% |
| |||||||
HeidelbergCement AG |
3,681 | 276,358 | ||||||
Diversified Financial Services – 0.1% |
| |||||||
GRENKE AG |
647 | 27,752 | ||||||
Diversified Telecommunication Services – 6.0% |
| |||||||
Deutsche Telekom AG, Registered Shares |
93,979 | 1,894,719 | ||||||
Electronic Equipment, Instruments & Components – 0.0% |
| |||||||
Jenoptik AG |
222 | 7,539 | ||||||
Food & Staples Retailing – 1.2% |
| |||||||
METRO AG |
29,407 | 383,073 | ||||||
Food Products – 0.1% |
| |||||||
Suedzucker AG |
1,838 | 29,545 | ||||||
Health Care Equipment & Supplies – 3.1% |
| |||||||
Carl Zeiss Meditec AG, Bearer Shares |
281 | 54,077 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG |
128 | 16,555 | ||||||
Siemens Healthineers AG(a) |
13,946 | 908,021 | ||||||
STRATEC SE |
66 | 9,363 | ||||||
|
|
|||||||
Total Health Care Equipment & Supplies |
|
988,016 | ||||||
Health Care Providers & Services – 2.9% |
| |||||||
Fresenius Medical Care AG & Co. KGaA |
5,790 | 408,390 | ||||||
Fresenius SE & Co. KGaA |
10,847 | 522,142 | ||||||
|
|
|||||||
Total Health Care Providers & Services |
|
930,532 | ||||||
Health Care Technology – 0.1% |
| |||||||
CompuGroup Medical SE & Co. KgaA |
203 | 16,728 | ||||||
Household Products – 1.2% |
| |||||||
Henkel AG & Co. KGaA |
4,380 | 378,431 | ||||||
Independent Power & Renewable Electricity Producers – 1.8% |
| |||||||
Encavis AG |
1,719 | 30,142 | ||||||
Uniper SE |
12,883 | 538,254 | ||||||
|
|
|||||||
Total Independent Power & Renewable Electricity Producers |
|
568,396 | ||||||
Industrial Conglomerates – 7.2% |
| |||||||
Rheinmetall AG |
2,709 | 266,175 | ||||||
Siemens AG, Registered Shares |
12,262 | 2,016,831 | ||||||
|
|
|||||||
Total Industrial Conglomerates |
|
2,283,006 | ||||||
Insurance – 12.8% |
| |||||||
Allianz SE, Registered Shares |
8,310 | 1,876,479 | ||||||
Hannover Rueck SE |
3,588 | 629,361 | ||||||
Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares |
4,077 | 1,119,362 | ||||||
Talanx AG |
9,750 | 416,735 | ||||||
|
|
|||||||
Total Insurance |
|
4,041,937 | ||||||
IT Services – 0.8% |
| |||||||
Bechtle AG |
3,276 | 225,145 | ||||||
CANCOM SE |
303 | 17,987 | ||||||
|
|
|||||||
Total IT Services |
|
243,132 | ||||||
Life Sciences Tools & Services – 0.1% |
| |||||||
Gerresheimer AG |
240 | 23,587 | ||||||
Machinery – 3.0% |
| |||||||
Duerr AG |
1,215 | 52,411 | ||||||
GEA Group AG |
5,568 | 255,476 | ||||||
KION Group AG |
35 | 3,280 | ||||||
Knorr-Bremse AG |
3,394 | 364,397 | ||||||
Krones AG |
264 | 25,869 | ||||||
Rational AG |
275 | 259,622 | ||||||
|
|
|||||||
Total Machinery |
|
961,055 | ||||||
Marine – 1.1% |
| |||||||
Hapag-Lloyd AG(a) |
1,583 | 346,559 | ||||||
Metals & Mining – 0.7% |
| |||||||
Aurubis AG |
2,854 | 216,254 | ||||||
Multi-Utilities – 5.7% |
| |||||||
E.ON SE |
113,248 | 1,387,037 | ||||||
RWE AG |
11,382 | 402,990 | ||||||
|
|
|||||||
Total Multi-Utilities |
|
1,790,027 | ||||||
Oil, Gas & Consumable Fuels – 0.1% |
| |||||||
CropEnergies AG |
1,896 | 26,412 | ||||||
Personal Products – 0.7% |
| |||||||
Beiersdorf AG |
2,200 | 238,294 | ||||||
Pharmaceuticals – 6.1% |
| |||||||
Bayer AG, Registered Shares |
29,457 | 1,604,712 | ||||||
Merck KGaA |
1,528 | 332,305 | ||||||
|
|
|||||||
Total Pharmaceuticals |
|
1,937,017 | ||||||
Real Estate Management & Development – 0.1% |
| |||||||
PATRIZIA AG* |
765 | 20,259 |
See Notes to Financial Statements.
16 | WisdomTree Trust |
Schedule of Investments (unaudited) (concluded)
WisdomTree Germany Hedged Equity Fund (DXGE)
September 30, 2021
Investments | Shares | Value | ||||||
Semiconductors & Semiconductor Equipment – 2.6% |
| |||||||
Infineon Technologies AG |
12,192 | $ | 501,965 | |||||
Siltronic AG |
1,942 | 306,543 | ||||||
|
|
|||||||
Total Semiconductors & Semiconductor Equipment |
|
808,508 | ||||||
Software – 5.9% |
| |||||||
Nemetschek SE |
459 | 48,249 | ||||||
SAP SE |
13,086 | 1,772,604 | ||||||
Software AG |
990 | 46,262 | ||||||
|
|
|||||||
Total Software |
|
1,867,115 | ||||||
Specialty Retail – 0.2% |
| |||||||
Hornbach Baumarkt AG |
521 | 23,549 | ||||||
Hornbach Holding AG & Co. KGaA |
244 | 31,728 | ||||||
|
|
|||||||
Total Specialty Retail |
|
55,277 | ||||||
Trading Companies & Distributors – 1.4% |
| |||||||
Brenntag SE |
4,772 | 445,648 | ||||||
Transportation Infrastructure – 0.1% |
| |||||||
Hamburger Hafen und Logistik AG | 1,865 | 41,932 | ||||||
TOTAL INVESTMENTS IN SECURITIES – 98.4% (Cost: $27,538,331) |
|
31,064,878 | ||||||
Other Assets less Liabilities – 1.6% |
|
507,493 | ||||||
|
|
|||||||
NET ASSETS – 100.0% |
|
$ | 31,572,371 |
* |
Non-income producing security. |
(a) |
This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers. |
FINANCIAL DERIVATIVE INSTRUMENTS | ||||||||||||||||||||||||||||
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER) | ||||||||||||||||||||||||||||
Counterparty | Settlement Date |
Amount and be Purchased |
Amount and Description of Currency to be Sold |
Unrealized Appreciation |
Unrealized Depreciation |
|||||||||||||||||||||||
Bank of America N.A. |
10/5/2021 | 7,056,756 | EUR | 8,178,703 | USD | $ | — | $ | (131 | ) | ||||||||||||||||||
Bank of America N.A. |
10/5/2021 | 8,178,703 | USD | 6,924,110 | EUR | 153,864 | — | |||||||||||||||||||||
Bank of America N.A. |
11/3/2021 | 7,951,315 | USD | 6,856,869 | EUR | 57 | — | |||||||||||||||||||||
Citibank N.A. |
10/5/2021 | 7,056,786 | EUR | 8,178,702 | USD | — | (95 | ) | ||||||||||||||||||||
Citibank N.A. |
10/5/2021 | 8,178,703 | USD | 6,924,075 | EUR | 153,905 | — | |||||||||||||||||||||
Citibank N.A. |
11/3/2021 | 7,951,313 | USD | 6,856,909 | EUR | 9 | — | |||||||||||||||||||||
Goldman Sachs |
10/5/2021 | 7,056,805 | EUR | 8,178,703 | USD | — | (74 | ) | ||||||||||||||||||||
Goldman Sachs |
10/5/2021 | 8,178,703 | USD | 6,924,010 | EUR | 153,980 | — | |||||||||||||||||||||
Goldman Sachs |
11/3/2021 | 7,951,315 | USD | 6,856,739 | EUR | 208 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. |
10/5/2021 | 7,056,799 | EUR | 8,178,703 | USD | — | (81 | ) | ||||||||||||||||||||
JP Morgan Chase Bank N.A. |
10/5/2021 | 8,178,702 | USD | 6,924,056 | EUR | 153,925 | — | |||||||||||||||||||||
JP Morgan Chase Bank N.A. |
11/3/2021 | 7,951,315 | USD | 6,856,935 | EUR | — | (18 | ) | ||||||||||||||||||||
Royal Bank of Canada |
10/4/2021 | 13,000 | USD | 11,225 | EUR | — | (10 | ) | ||||||||||||||||||||
$ | 615,948 | $ | (409 | ) |
FAIR VALUATION SUMMARY |
The following is a summary of the fair valuations according to the inputs used as of September 30, 2021 in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):
Quoted Prices in Markets |
Other Significant Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | |||||||||||||
Assets: |
||||||||||||||||
Investments in Securities |
||||||||||||||||
Common Stocks |
$ | 31,064,878 | $ | — | $ | — | $ | 31,064,878 | ||||||||
Total Investments in Securities |
$ | 31,064,878 | $ | — | $ | — | $ | 31,064,878 | ||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | 615,948 | $ | — | $ | 615,948 | ||||||||
Liabilities: |
||||||||||||||||
Financial Derivative Instruments |
||||||||||||||||
Foreign Currency Contracts1 |
$ | — | $ | (409 | ) | $ | — | $ | (409 | ) | ||||||
Total – Net |
$ | 31,064,878 | $ | 615,539 | $ | — | $ | 31,680,417 |
1 |
Amount shown represents the unrealized appreciation (depreciation) on the financial instrument. |
See Notes to Financial Statements.
WisdomTree Trust | 17 |
Schedule of Investments (unaudited)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
September 30, 2021
Investments | Shares | Value | ||||||
COMMON STOCKS – 99.1% |
| |||||||
Australia – 9.6% |
| |||||||
ARB Corp., Ltd. |
7,970 | $ | 281,754 | |||||
Beach Energy Ltd.(a) |
868,705 | 938,126 | ||||||
BHP Group Ltd.(a) |
1,719,695 | 46,719,973 | ||||||
BlueScope Steel Ltd. |
114,811 | 1,700,142 | ||||||
Brambles Ltd. |
508,534 | 3,956,248 | ||||||
Breville Group Ltd.(a) |
19,439 | 408,475 | ||||||
Charter Hall Group |
148,305 | 1,837,248 | ||||||
Codan Ltd. |
21,658 | 199,782 | ||||||
CSL Ltd. |
40,207 | 8,521,374 | ||||||
Domino’s Pizza Enterprises Ltd. |
23,657 | 2,742,043 | ||||||
Elders Ltd. |
23,854 | 210,734 | ||||||
Evolution Mining Ltd. |
607,180 | 1,530,702 | ||||||
Goodman Group |
352,398 | 5,518,748 | ||||||
JB Hi-Fi Ltd. |
47,305 | 1,555,454 | ||||||
Mineral Resources Ltd. |
90,415 | 2,926,599 | ||||||
Netwealth Group Ltd. |
16,752 | 176,188 | ||||||
NIB Holdings Ltd. |
122,320 | 615,854 | ||||||
Northern Star Resources Ltd. |
83,481 | 512,571 | ||||||
Ramelius Resources Ltd. |
26,105 | 25,174 | ||||||
Rio Tinto Ltd. |
277,473 | 20,079,347 | ||||||
St Barbara Ltd. |
340,371 | 329,462 | ||||||
Technology One Ltd. |
80,965 | 664,391 | ||||||
|
|
|||||||
Total Australia |
|
101,450,389 | ||||||
Belgium – 0.1% |
| |||||||
Fagron |
12,848 | 251,644 | ||||||
Melexis N.V. |
8,949 | 954,173 | ||||||
|
|
|||||||
Total Belgium |
|
1,205,817 | ||||||
China – 1.9% |
| |||||||
China Overseas Grand Oceans Group Ltd. |
2,770,000 | 1,697,302 | ||||||
China Overseas Land & Investment Ltd. |
6,986,527 | 15,921,202 | ||||||
China Tobacco International HK Co., Ltd.(a) |
159,000 | 339,460 | ||||||
CSPC Pharmaceutical Group Ltd. |
1,711,481 | 2,053,430 | ||||||
|
|
|||||||
Total China |
|
20,011,394 | ||||||
Denmark – 5.4% |
| |||||||
Coloplast A/S, Class B |
36,320 | 5,697,554 | ||||||
DSV A/S |
9,494 | 2,279,501 | ||||||
H. Lundbeck A/S |
34,504 | 938,143 | ||||||
Novo Nordisk A/S, Class B |
333,407 | 32,290,505 | ||||||
Novozymes A/S, Class B |
36,108 | 2,476,196 | ||||||
Orsted A/S(b) |
55,769 | 7,377,804 | ||||||
Royal Unibrew A/S |
15,833 | 1,909,999 | ||||||
Vestas Wind Systems A/S |
99,052 | 3,975,295 | ||||||
|
|
|||||||
Total Denmark |
|
56,944,997 | ||||||
Finland – 2.3% |
| |||||||
Kone Oyj, Class B |
133,589 | 9,410,140 | ||||||
Neste Oyj |
177,497 | 10,073,626 | ||||||
Orion Oyj, Class B |
35,429 | 1,406,320 | ||||||
Tokmanni Group Corp. |
10,264 | 250,519 | ||||||
Uponor Oyj |
26,994 | 671,995 | ||||||
Valmet Oyj |
74,664 | 2,711,908 | ||||||
|
|
|||||||
Total Finland |
|
24,524,508 | ||||||
France – 6.5% |
| |||||||
BioMerieux |
2,453 | 280,197 | ||||||
Gaztransport Et Technigaz S.A. |
18,607 | 1,396,307 | ||||||
Hermes International |
7,830 | 10,857,733 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
70,133 | 50,402,125 | ||||||
Sartorius Stedim Biotech |
2,855 | 1,600,467 | ||||||
Trigano S.A. |
7,360 | 1,386,957 | ||||||
Verallia S.A.(b) |
58,878 | 2,033,452 | ||||||
|
|
|||||||
Total France |
|
67,957,238 | ||||||
Germany – 6.3% |
| |||||||
Bechtle AG |
15,473 | 1,063,393 | ||||||
CANCOM SE |
6,754 | 400,927 | ||||||
Carl Zeiss Meditec AG, Bearer Shares |
3,814 | 733,980 | ||||||
CompuGroup Medical SE & Co. KgaA |
1,196 | 98,552 | ||||||
Dermapharm Holding SE |
12,990 | 1,255,567 | ||||||
Eckert & Ziegler Strahlen- und Medizintechnik AG |
971 | 125,588 | ||||||
Fuchs Petrolub SE |
38,654 | 1,414,723 | ||||||
Infineon Technologies AG |
194,751 | 8,018,229 | ||||||
Knorr-Bremse AG |
33,281 | 3,573,219 | ||||||
Nemetschek SE |
6,887 | 723,939 | ||||||
SAP SE |
252,734 | 34,234,861 | ||||||
Siemens Healthineers AG(b) |
187,960 | 12,238,040 | ||||||
Softwareone Holding AG* |
14,422 | 317,706 | ||||||
Symrise AG |
12,873 | 1,695,563 | ||||||
|
|
|||||||
Total Germany |
|
65,894,287 | ||||||
Hong Kong – 2.1% |
| |||||||
Hong Kong Exchanges & Clearing Ltd. |
256,200 | 15,790,660 | ||||||
Techtronic Industries Co., Ltd. |
296,500 | 5,907,414 | ||||||
Vitasoy International Holdings Ltd.(a) |
126,000 | 320,477 | ||||||
|
|
|||||||
Total Hong Kong |
|
22,018,551 | ||||||
Israel – 0.2% |
| |||||||
Matrix IT Ltd. |
18,382 | 490,069 | ||||||
Maytronics Ltd. |
12,753 | 301,457 | ||||||
Strauss Group Ltd. |
28,560 | 835,779 | ||||||
|
|
|||||||
Total Israel |
|
1,627,305 | ||||||
Italy – 0.9% |
| |||||||
Davide Campari-Milano N.V. |
38,023 | 536,733 | ||||||
DiaSorin SpA |
5,041 | 1,059,495 | ||||||
Ferrari N.V. |
18,820 | 3,946,780 | ||||||
Interpump Group SpA |
18,472 | 1,198,855 | ||||||
Recordati Industria Chimica e Farmaceutica SpA(a) |
51,169 | 2,981,720 | ||||||
Zignago Vetro SpA |
9,970 | 197,355 | ||||||
|
|
|||||||
Total Italy |
|
9,920,938 | ||||||
Japan – 19.6% |
| |||||||
ABC-Mart, Inc. |
26,500 | 1,503,428 | ||||||
Advantest Corp. |
30,411 | 2,733,787 | ||||||
Ariake Japan Co., Ltd. |
7,900 | 498,463 | ||||||
Asahi Holdings, Inc. |
34,300 | 624,056 |
See Notes to Financial Statements.
18 | WisdomTree Trust |
Schedule of Investments (unaudited) (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
September 30, 2021
Investments | Shares | Value | ||||||
Astellas Pharma, Inc. |
363,300 | $ | 5,999,375 | |||||
Bandai Namco Holdings, Inc. |
44,000 | 3,312,570 | ||||||
Benefit One, Inc. |
18,800 | 889,662 | ||||||
Bridgestone Corp. |
261,600 | 12,440,507 | ||||||
Chugai Pharmaceutical Co., Ltd. |
181,400 | 6,670,708 | ||||||
Create SD Holdings Co., Ltd. |
1,200 | 40,385 | ||||||
CyberAgent, Inc. |
17,500 | 339,727 | ||||||
Daifuku Co., Ltd. |
16,200 | 1,527,439 | ||||||
Daikin Industries Ltd. |
21,900 | 4,801,022 | ||||||
Daiwabo Holdings Co., Ltd. |
22,300 | 360,158 | ||||||
Digital Arts, Inc. |
2,800 | 227,363 | ||||||
Dip Corp. |
9,200 | 351,261 | ||||||
Disco Corp. |
6,991 | 1,964,310 | ||||||
DTS Corp. |
7,100 | 163,795 | ||||||
Eisai Co., Ltd. |
39,875 | 3,000,587 | ||||||
Elecom Co., Ltd. |
14,800 | 237,835 | ||||||
en Japan, Inc. |
19,550 | 712,263 | ||||||
Fancl Corp. |
11,000 | 365,270 | ||||||
Fast Retailing Co., Ltd. |
6,581 | 4,864,897 | ||||||
Funai Soken Holdings, Inc. |
1,800 | 49,043 | ||||||
GungHo Online Entertainment, Inc. |
13,889 | 255,436 | ||||||
Hikari Tsushin, Inc. |
8,500 | 1,439,077 | ||||||
Horiba Ltd. |
8,700 | 611,320 | ||||||
Hoya Corp. |
27,700 | 4,338,405 | ||||||
IR Japan Holdings Ltd. |
300 | 33,260 | ||||||
Japan Lifeline Co., Ltd. |
600 | 7,378 | ||||||
Kakaku.com, Inc. |
44,191 | 1,435,737 | ||||||
Kao Corp. |
78,900 | 4,706,068 | ||||||
Keyence Corp. |
8,900 | 5,344,387 | ||||||
Kobe Bussan Co., Ltd. |
17,000 | 556,890 | ||||||
Koito Manufacturing Co., Ltd. |
11,700 | 706,771 | ||||||
Kose Corp. |
7,800 | 935,371 | ||||||
Kotobuki Spirits Co., Ltd. |
200 | 13,749 | ||||||
Kusuri no Aoki Holdings Co., Ltd.(a) |
500 | 34,461 | ||||||
Kyudenko Corp. |
36,100 | 1,200,367 | ||||||
Mani, Inc.(a) |
2,600 | 49,728 | ||||||
McDonald’s Holdings Co., Japan Ltd.(a) |
4,100 | 193,287 | ||||||
Meitec Corp. |
12,600 | 699,028 | ||||||
Milbon Co., Ltd. |
3,200 | 196,460 | ||||||
MINEBEA MITSUMI, Inc. |
48,900 | 1,255,206 | ||||||
Murata Manufacturing Co., Ltd. |
100,220 | 8,946,370 | ||||||
Nexon Co., Ltd. |
18,000 | 291,517 | ||||||
NGK Spark Plug Co., Ltd. |
58,000 | 910,742 | ||||||
Nifco, Inc. |
10,100 | 315,469 | ||||||
Nihon M&A Center, Inc. |
20,800 | 614,259 | ||||||
Nihon Unisys Ltd. |
27,000 | 705,400 | ||||||
Nippon Shinyaku Co., Ltd. |
2,700 | 225,050 | ||||||
Nissan Chemical Corp. |
30,268 | 1,774,167 | ||||||
Nitori Holdings Co., Ltd. |
4,501 | 891,930 | ||||||
Nojima Corp. |
1,800 | 46,510 | ||||||
Nomura Research Institute Ltd. |
66,100 | 2,452,646 | ||||||
NSD Co., Ltd. |
13,900 | 254,392 | ||||||
Obic Co., Ltd. |
9,100 | 1,742,926 | ||||||
OKUMA Corp. |
1,700 | 82,886 | ||||||
Olympus Corp. |
47,100 | 1,036,981 | ||||||
Oracle Corp. |
19,300 | 1,698,642 | ||||||
Otsuka Corp. |
40,400 | 2,078,387 | ||||||
Outsourcing, Inc. |
47,700 | 865,718 | ||||||
Pan Pacific International Holdings Corp. |
31,300 | 650,266 | ||||||
Pigeon Corp. |
21,400 | 498,678 | ||||||
Prestige International, Inc. |
6,000 | 41,138 | ||||||
Recruit Holdings Co., Ltd. |
106,300 | 6,508,999 | ||||||
Ryohin Keikaku Co., Ltd.(a) |
18,400 | 412,279 | ||||||
Sakai Moving Service Co., Ltd. |
2,600 | 113,251 | ||||||
Sanwa Holdings Corp. |
52,400 | 683,795 | ||||||
SCSK Corp. |
79,200 | 1,679,473 | ||||||
Seria Co., Ltd. |
16,100 | 564,203 | ||||||
SG Holdings Co., Ltd. |
43,600 | 1,242,644 | ||||||
Shimadzu Corp. |
22,700 | 999,960 | ||||||
Shionogi & Co., Ltd. |
43,600 | 2,990,942 | ||||||
SMS Co., Ltd. |
3,600 | 131,804 | ||||||
SoftBank Corp. |
3,205,200 | 43,506,838 | ||||||
Sony Group Corp. |
72,500 | 8,093,099 | ||||||
Starts Corp., Inc. |
24,300 | 580,412 | ||||||
Sumitomo Forestry Co., Ltd. |
26,500 | 509,218 | ||||||
Sundrug Co., Ltd. |
17,500 | 534,842 | ||||||
Sysmex Corp. |
16,736 | 2,089,469 | ||||||
Systena Corp. |
4,800 | 97,312 | ||||||
T-Gaia Corp. |
41,400 | 737,278 | ||||||
TechnoPro Holdings, Inc. |
22,800 | 691,714 | ||||||
Terumo Corp. |
30,600 | 1,449,438 | ||||||
Toei Animation Co., Ltd.(a) |
10,200 | 1,886,874 | ||||||
Tokuyama Corp. |
30,000 | 577,549 | ||||||
Tokyo Electron Ltd. |
35,958 | 16,007,473 | ||||||
Trend Micro, Inc. |
52,100 | 2,904,432 | ||||||
Unicharm Corp. |
29,800 | 1,321,803 | ||||||
USS Co., Ltd. |
97,100 | 1,664,820 | ||||||
Wacom Co., Ltd. |
5,100 | 32,636 | ||||||
Workman Co., Ltd. |
2,600 | 164,750 | ||||||
Yamaha Corp. |
22,100 | 1,396,415 | ||||||
Yaskawa Electric Corp. |
22,900 | 1,108,313 | ||||||
ZOZO, Inc. |
40,900 | 1,537,759 | ||||||
|
|
|||||||
Total Japan |
|
206,034,165 | ||||||
Netherlands – 4.6% |
| |||||||
ASM International N.V. |
15,869 | 6,219,964 | ||||||
ASML Holding N.V. |
39,965 | 29,916,432 | ||||||
BE Semiconductor Industries N.V. |
29,131 | 2,318,056 | ||||||
Euronext N.V.(b) |
21,600 | 2,445,755 | ||||||
IMCD N.V. |
4,488 | 859,526 | ||||||
Wolters Kluwer N.V. |
57,718 | 6,125,995 | ||||||
|
|
|||||||
Total Netherlands |
|
47,885,728 | ||||||
Norway – 0.1% |
| |||||||
Borregaard ASA |
38,456 | 936,151 | ||||||
Fjordkraft Holding ASA(b) |
4,377 | 24,339 | ||||||
|
|
|||||||
Total Norway |
|
960,490 | ||||||
Portugal – 0.2% |
| |||||||
Jeronimo Martins, SGPS, S.A. |
127,113 | 2,535,336 |
See Notes to Financial Statements.
WisdomTree Trust | 19 |
Schedule of Investments (unaudited) (continued)
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)
September 30, 2021
Investments | Shares | Value | ||||||
Singapore – 0.4% |
| |||||||
Sheng Siong Group Ltd. |
652,900 | $ | 711,765 | |||||
Singapore Exchange Ltd. |
444,400 | 3,266,877 | ||||||
|
|
|||||||
Total Singapore |
|
3,978,642 | ||||||
Spain – 0.5% |
| |||||||
Faes Farma S.A. |
433,719 | 1,698,986 | ||||||
Grifols S.A. |
64,731 | 1,581,422 | ||||||
Prosegur Cash S.A.(b) |
931,324 | 751,233 | ||||||
Prosegur Cia de Seguridad S.A. |
281,074 | 837,179 | ||||||
|
|
|||||||
Total Spain |
|
4,868,820 | ||||||
Sweden – 3.3% |
| |||||||
AddTech AB, Class B |
32,262 | 575,281 | ||||||
Atlas Copco AB, Class A |
146,884 | 8,935,385 | ||||||
Atlas Copco AB, Class B |
110,955 | 5,688,179 | ||||||
Axfood AB |
90,610 | 2,171,893 | ||||||
Beijer Ref AB |
48,054 | 957,944 | ||||||
BioGaia AB, Class B |
790 | 39,868 | ||||||
Elekta AB, Class B(a) |
41,176 | 462,848 | ||||||
Epiroc AB, Class B |
76,613 | 1,364,813 | ||||||
EQT AB |
71,935 | 3,009,437 | ||||||
Essity AB, Class B |
172,726 | 5,370,201 | ||||||
Evolution AB(b) |
20,100 | 3,066,275 | ||||||
Lagercrantz Group AB, Class B |
16,155 | 193,707 | ||||||
Lifco AB, Class B |
40,882 | 1,102,829 | ||||||
Lindab International AB |
702 | 17,894 | ||||||
Mycronic AB |
32,675 | 815,703 | ||||||
Sweco AB, Class B |
75,028 | 1,185,210 | ||||||
|
|
|||||||
Total Sweden |
|
34,957,467 | ||||||
Switzerland – 11.1% |
| |||||||
ALSO Holding AG, Registered Shares* |
1,578 | 456,729 | ||||||
Bucher Industries AG, Registered Shares |
2,499 | 1,194,784 | ||||||
Geberit AG, Registered Shares |
8,885 | 6,562,432 | ||||||
Givaudan S.A., Registered Shares |
1,951 | 8,913,718 | ||||||
Kardex Holding AG, Registered Shares |
2,539 | 719,907 | ||||||
Kuehne + Nagel International AG, Registered Shares |
34,246 | 11,725,543 | ||||||
Logitech International S.A., Registered Shares |
30,185 | 2,694,113 | ||||||
Partners Group Holding AG |
9,735 | 15,304,044 | ||||||
Roche Holding AG |
108,537 | 39,785,847 | ||||||
Roche Holding AG, Bearer Shares |
44,228 | 18,225,056 | ||||||
Schindler Holding AG, Participation Certificate |
7,241 | 1,949,873 | ||||||
SFS Group AG |
12,436 | 1,695,727 | ||||||
Sika AG, Registered Shares(a) |
15,072 | 4,795,379 | ||||||
STMicroelectronics N.V. |
50,549 | 2,212,416 | ||||||
Temenos AG, Registered Shares |
7,556 | 1,029,499 | ||||||
|
|
|||||||
Total Switzerland |
|
117,265,067 | ||||||
United Kingdom – 24.0% |
| |||||||
AJ Bell PLC |
82,487 | 443,773 | ||||||
Ashmore Group PLC |
478,551 | 2,197,737 | ||||||
Ashtead Group PLC |
82,781 | 6,301,940 | ||||||
Avon Protection PLC |
3,553 | 93,035 | ||||||
Berkeley Group Holdings PLC |
77,971 | 4,585,868 | ||||||
Bodycote PLC |
103,447 | 1,223,962 | ||||||
Bunzl PLC |
87,448 | 2,894,704 | ||||||
CMC Markets PLC(b) |
133,520 | 511,290 | ||||||
Cranswick PLC |
10,791 | 519,728 | ||||||
Croda International PLC |
25,051 | 2,885,952 | ||||||
FDM Group Holdings PLC(a) |
21,542 | 367,143 | ||||||
Ferrexpo PLC |
858,253 | 3,786,443 | ||||||
Fevertree Drinks PLC |
8,000 | 251,225 | ||||||
Fresnillo PLC |
105,530 | 1,111,865 | ||||||
Games Workshop Group PLC |
7,158 | 991,208 | ||||||
Gamma Communications PLC |
5,728 | 141,337 | ||||||
GlaxoSmithKline PLC |
2,046,823 | 38,737,037 | ||||||
Halma PLC |
35,367 | 1,355,268 | ||||||
Hargreaves Lansdown PLC |
227,659 | 4,394,191 | ||||||
Hilton Food Group PLC |
35,081 | 553,427 | ||||||
HomeServe PLC |
89,503 | 1,091,563 | ||||||
IMI PLC |
112,739 | 2,523,394 | ||||||
Intertek Group PLC |
35,469 | 2,380,232 | ||||||
Linde PLC |
112,251 | 33,316,893 | ||||||
Moneysupermarket.com Group PLC |
324,203 | 931,107 | ||||||
RELX PLC |
691,768 | 20,026,049 | ||||||
Rio Tinto PLC |
865,361 | 57,331,200 | ||||||
Rotork PLC |
182,635 | 858,941 | ||||||
RWS Holdings PLC |
43,918 | 370,994 | ||||||
Smith & Nephew PLC |
163,978 | 2,845,554 | ||||||
Spirax-Sarco Engineering PLC |
7,823 | 1,579,057 | ||||||
Spirent Communications PLC |
123,532 | 465,714 | ||||||
Unilever PLC |
1,030,579 | 55,652,742 | ||||||
|
|
|||||||
Total United Kingdom |
|
252,720,573 | ||||||
TOTAL COMMON STOCKS (Cost: $836,708,884) |
|
1,042,761,712 | ||||||
EXCHANGE-TRADED FUND – 0.1% |
| |||||||
United States – 0.1% |
| |||||||
WisdomTree International Quality Dividend Growth Fund(c) |
||||||||
(Cost: $882,631) | 30,722 | 1,169,894 | ||||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% |
| |||||||
United States – 0.5% |
| |||||||
State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d) |
||||||||
(Cost: $5,433,597) | 5,433,597 | 5,433,597 | ||||||