WisdomTree Trust
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21864

 

 

WisdomTree Trust

(Exact name of registrant as specified in charter)

 

 

245 Park Avenue, 35th Floor

New York, NY 10167

(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

 

 

Registrant’s telephone number, including area code: (866) 909-9473

Date of fiscal year end: March 31

Date of reporting period: March 31, 2015

 

 

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 


Table of Contents
Item 1. Reports to Stockholders.

The Report to Shareholders is attached herewith.


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Developed World ex-U.S. and Currency Hedged Equity Funds

 

Annual Report

March 31, 2015

WisdomTree Australia Dividend Fund (AUSE)

WisdomTree DEFA Equity Income Fund (DTH)

WisdomTree DEFA Fund (DWM)

WisdomTree Europe Dividend Growth Fund (EUDG)

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree International Dividend ex-Financials Fund (DOO)

WisdomTree International Hedged Dividend Growth Fund (IHDG)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Japan Hedged Financials Fund (DXJF)

WisdomTree Japan Hedged Health Care Fund (DXJH)

WisdomTree Japan Hedged Real Estate Fund (DXJR)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree Korea Hedged Equity Fund (DXKW)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)


Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1   

Performance Summaries (unaudited)

       3   

Description of Indexes (unaudited)

       26   

Shareholder Expense Examples (unaudited)

       30   
Schedules of Investments     

WisdomTree Australia Dividend Fund

       33   

WisdomTree DEFA Equity Income Fund

       35   

WisdomTree DEFA Fund

       40   

WisdomTree Europe Dividend Growth Fund

       49   

WisdomTree Europe Hedged Equity Fund

       52   

WisdomTree Europe Hedged SmallCap Equity Fund

       54   

WisdomTree Europe SmallCap Dividend Fund

       57   

WisdomTree Germany Hedged Equity Fund

       61   

WisdomTree International Dividend ex-Financials Fund

       63   

WisdomTree International Hedged Dividend Growth Fund

       65   

WisdomTree International LargeCap Dividend Fund

       68   

WisdomTree International MidCap Dividend Fund

       72   

WisdomTree International SmallCap Dividend Fund

       79   

WisdomTree Japan Hedged Capital Goods Fund

       88   

WisdomTree Japan Hedged Equity Fund

       90   

WisdomTree Japan Hedged Financials Fund

       94   

WisdomTree Japan Hedged Health Care Fund

       96   

WisdomTree Japan Hedged Real Estate Fund

       97   

WisdomTree Japan Hedged SmallCap Equity Fund

       99   

WisdomTree Japan Hedged Tech, Media and Telecom Fund

       107   

WisdomTree Japan SmallCap Dividend Fund

       109   

WisdomTree Korea Hedged Equity Fund

       116   

WisdomTree United Kingdom Hedged Equity Fund

       117   

Statements of Assets and Liabilities

       120   

Statements of Operations

       125   

Statements of Changes in Net Assets

       130   

Financial Highlights

       138   

Notes to Financial Statements

       150   

Report of Independent Registered Public Accounting Firm

       190   

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

       191   

Trustees and Officers Information (unaudited)

       192   

Supplemental Information (unaudited)

       194   

General Information (unaudited)

       196   

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


Table of Contents

Management’s Discussion of Funds’ Performance (unaudited)

 

Market Environment Overview

The international equity markets, measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned -0.92% in the 12-month period that ended March 31, 2015 (the “period”), which lagged the S&P 500 Index by 13.65%. Measured in local currency, the MSCI EAFE Index returned 17.74% over the period, outperforming the return of the S&P 500 Index by 5.01%. It is important to note that the foreign currency component of the developed world returns subtracted approximately 18.7 percentage points from the returns of the MSCI EAFE Index. During the period, the British pound, Japanese yen and euro (which account for about 75% of the MSCI EAFE Index currency exposure) all weakened against the U.S. dollar by approximately 11%, 14% and 22%, respectively. Weakening currencies relative to the U.S. dollar decreases the value of foreign investments measured in U.S. dollars and tend to decrease returns experienced by U.S. investors who invest overseas, while strengthening currencies relative to the U.S. dollar have the opposite effect.

Although the MSCI EAFE Index lagged the broad U.S. domestic markets in U.S. dollar terms, in local currency terms it was a pretty strong performance year for international equity markets. The Eurozone region reacted positively to expectations and the monetary easing actions from the European Central Bank (ECB). Over the period, the euro weakened substantially as a result of the ECB’s expansionary policies, which helped contribute to positive performance of the equity market, particularly the export focused firms. Japan, one of the best performing countries in local currency terms, also helped contribute with strong positive performance as a result of continued monetary and fiscal stimulus. Broad emerging market equities, in local currency terms, lagged both the U.S. and international developed markets. It seems investors were cautious about the potential ramifications from the U.S. Federal Reserve ending its quantitative easing program even though the ECB and the Bank of Japan have increased liquidity.

In local currency terms, nine out of ten sectors within the MSCI EAFE Index were positive, with Information Technology, Healthcare and Consumer Discretionary sectors leading and Materials and Energy sectors lagging. The only sector that recorded negative performance over the period was the Energy sector, which was negatively impacted by the decline in oil prices. The Information Technology and Consumer Discretionary sectors tend to be cyclically focused and were able to benefit from positive central bank actions and from consumers with greater disposable income due to the decline in gas prices.

WisdomTree Funds’ Performance Overview

The following table reflects the WisdomTree Funds’ performance versus capitalization-weighted benchmark indexes:

 

Ticker   WisdomTree Fund   1-Year
NAV Return
  Performance
Benchmark
  1-Year
Return
       Difference

AUSE

  WisdomTree Australia Dividend Fund   -8.30%   MSCI Pacific ex-Japan Value/MSCI Australia Spliced Index     -5.99%         -2.31%

DTH

  WisdomTree DEFA Equity Income Fund   -5.41%   MSCI EAFE Value Index     -2.90%         -2.51%

DWM

  WisdomTree DEFA Fund   -1.83%   MSCI EAFE Index     -0.92%         -0.91%

EUDG

  WisdomTree Europe Dividend Growth Fund1   -6.35%   MSCI Europe Index     -7.30%         0.95%

HEDJ

  WisdomTree Europe Hedged Equity Fund   24.02%   MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index     20.46%         3.56%

EUSC

  WisdomTree Europe Hedged SmallCap Equity Fund2   4.30%   MSCI EMU Small Cap Local Currency Index     4.45%         -0.15%

DFE

  WisdomTree Europe SmallCap Dividend Fund   -8.26%   MSCI Europe Small Cap Index     -7.77%         -0.49%

DXGE

  WisdomTree Germany Hedged Equity Fund   23.70%   MSCI Germany Local Currency Index     24.98%         -1.28%

DOO

  WisdomTree International Dividend ex-Financials Fund   -7.41%   MSCI EAFE Value Index     -2.90%         -4.51%

IHDG

  WisdomTree International Hedged Dividend Growth Fund1   12.78%   MSCI EAFE Local Currency Index     17.47%         -4.69%

DOL

  WisdomTree International LargeCap Dividend Fund   -2.47%   MSCI EAFE Index     -0.92%         -1.55%

DIM

  WisdomTree International MidCap Dividend Fund   0.57%   MSCI EAFE Mid Cap Index     1.08%         -0.51%

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      1   


Table of Contents

Management’s Discussion of Funds’ Performance (unaudited) (concluded)

 

Ticker   WisdomTree Fund   1-Year
NAV Return
  Performance
Benchmark
  1-Year
Return
       Difference

DLS

  WisdomTree International SmallCap Dividend Fund   -5.87%   MSCI EAFE Small Cap Index     -2.92%         -2.95%

DXJC

  WisdomTree Japan Hedged Capital Goods Fund3   29.47%   MSCI Japan Local Currency Index     33.49%         -4.02%

DXJ

  WisdomTree Japan Hedged Equity Fund   29.30%   MSCI Japan/MSCI Japan Local Currency Spliced Index     30.49%         -1.19%

DXJF

  WisdomTree Japan Hedged Financials Fund3   25.94%   MSCI Japan Local Currency Index     33.49%         -7.55%

DXJH

  WisdomTree Japan Hedged Health Care Fund3   48.27%   MSCI Japan Local Currency Index     33.49%         14.78%

DXJR

  WisdomTree Japan Hedged Real Estate Fund3   22.59%   MSCI Japan Local Currency Index     33.49%         -10.90%

DXJS

  WisdomTree Japan Hedged SmallCap Equity Fund   25.86%   MSCI Japan Small Cap Local Currency Index     29.42%         -3.56%

DXJT

  WisdomTree Japan Hedged Tech, Media and Telecom Fund3   32.83%   MSCI Japan Local Currency Index     33.49%         -0.66%

DFJ

  WisdomTree Japan SmallCap Dividend Fund   9.26%   MSCI Japan Small Cap Index     11.14%         -1.88%

DXKW

  WisdomTree Korea Hedged Equity Fund   -6.41%   MSCI Korea Local Currency Index     -1.23%         -5.18%

DXPS

  WisdomTree United Kingdom Hedged Equity Fund   4.71%   MSCI United Kingdom Local Currency Index     6.11%         -1.40%
1 

Total returns shown are for the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

2 

Total returns shown are for the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

3 

Total returns shown are for the period April 8, 2014 (commencement of operations) through March 31, 2015.

WisdomTree’s international dividend-weighted Funds are designed to track Indexes based on the dividend stream generated by the companies included in the Index. The dividend stream is defined as the sum of all dividends paid over the prior 12 months for each company. There are two primary factors that drive performance differentials versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors or countries. The second is stock selection within each sector or country. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend stream.

WisdomTree’s best performing Fund for the full period was the WisdomTree Japan Hedged Equity Fund (DXJ), returning 29.30% over the period. Japan’s economic policy, aggressive inflation target and accommodative central bank helped equities climb higher. The Japanese yen weakened about 14 percent over the time period, and because DXJ neutralizes the currency exposure, the performance was not hurt from this depreciation. The WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) was also able to deliver strong performance over the period, up 25.86%, but the WisdomTree Japan SmallCap Dividend Fund (DFJ) was only able to return 9.26% since it does not hedge the currency exposure.

The WisdomTree Europe Hedged Equity Fund (HEDJ) delivered a 24.02% return over the period, outperforming its performance benchmark by 3.56%. The monetary easing actions by the ECB over the period were successful at weakening the euro, suppressing bond yields and driving equity prices higher. The WisdomTree Germany Hedged Equity Fund (DXGE) also benefited from these actions over the period by returning 23.70%. The euro weakened about 22 percent over the time period, and because HEDJ and DXGE neutralize the currency exposure, their performance was not hurt from this depreciation.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 26 for the list of index descriptions.

Fund performance assumes reinvestment of dividends and capital gain distributions. 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 are 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 that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.

 

2   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Australia Dividend Fund (AUSE)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    20.2%   

Materials

    14.8%   

Industrials

    14.8%   

Consumer Discretionary

    14.2%   

Consumer Staples

    10.4%   

Healthcare

    8.0%   

Telecommunication Services

    6.8%   

Energy

    4.9%   

Information Technology

    3.6%   

Utilities

    1.7%   

Other Assets less Liabilities

    0.6%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Toll Holdings Ltd.

    3.5%   

Adelaide Brighton Ltd.

    2.8%   

Tatts Group Ltd.

    2.7%   

National Australia Bank Ltd.

    2.7%   

Tabcorp Holdings Ltd.

    2.6%   

Coca-Cola Amatil Ltd.

    2.6%   

Telstra Corp., Ltd.

    2.6%   

Insurance Australia Group Ltd.

    2.5%   

Westpac Banking Corp.

    2.4%   

Australia & New Zealand Banking Group Ltd.

    2.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Australia Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Australia Dividend Index.

The Fund returned -8.30% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Healthcare sector. The Fund’s position in the Consumer Staples sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     Since
Inception1
 

Fund NAV Returns

     -8.30     3.18     3.78     6.76

Fund Market Price Returns

     -9.32     2.67     3.52     6.61

WisdomTree Pacific ex-Japan Equity Income/ Australia Dividend Spliced Index2

     -8.03     3.41     4.07     7.25

MSCI Pacific ex-Japan Value/MSCI Australia Spliced Index3

     -5.99     5.14     5.12     6.49

 

1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2

WisdomTree Pacific ex-Japan Equity Income Index through June 17, 2011; WisdomTree Australia Dividend Index thereafter.

3 

MSCI Pacific ex-Japan Value Index through June 17, 2011; MSCI Australia Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      3   


Table of Contents

Performance Summary (unaudited)

WisdomTree DEFA Equity Income Fund (DTH)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    25.7%   

Telecommunication Services

    16.0%   

Industrials

    9.7%   

Energy

    9.5%   

Utilities

    8.8%   

Healthcare

    8.4%   

Consumer Discretionary

    6.8%   

Materials

    6.3%   

Consumer Staples

    6.3%   

Information Technology

    1.8%   

Investment Company

    0.1%   

Other Assets less Liabilities

    0.6%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

China Mobile Ltd.

    3.6%   

Novartis AG, Registered Shares

    2.7%   

Vodafone Group PLC

    2.2%   

Commonwealth Bank of Australia

    2.2%   

BP PLC

    2.1%   

HSBC Holdings PLC

    2.0%   

Banco Santander S.A.

    1.9%   

GlaxoSmithKline PLC

    1.9%   

Westpac Banking Corp.

    1.8%   

Total S.A.

    1.8%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree DEFA Equity Income Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree DEFA Equity Income Index.

The Fund returned -5.41% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Hong Kong. The Fund’s position in United Kingdom created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -5.41      8.90      5.58      3.04

Fund Market Price Returns

       -5.62      8.57      5.55      2.96

WisdomTree DEFA Equity Income Index

       -4.83      9.27      5.80      3.66

MSCI EAFE Value Index

       -2.90      9.03      5.27      2.68
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

4   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree DEFA Fund (DWM)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    25.1%   

Consumer Discretionary

    11.6%   

Industrials

    11.3%   

Telecommunication Services

    10.0%   

Consumer Staples

    9.7%   

Healthcare

    9.3%   

Materials

    6.9%   

Energy

    6.7%   

Utilities

    5.5%   

Information Technology

    2.9%   

Investment Company

    0.3%   

Other Assets less Liabilities

    0.7%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

China Mobile Ltd.

    2.1%   

Novartis AG, Registered Shares

    1.5%   

HSBC Holdings PLC

    1.5%   

Commonwealth Bank of Australia

    1.4%   

Nestle S.A., Registered Shares

    1.4%   

Banco Santander S.A.

    1.3%   

Vodafone Group PLC

    1.3%   

Westpac Banking Corp.

    1.3%   

Toyota Motor Corp.

    1.3%   

BP PLC

    1.2%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree DEFA Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index of Europe, Far East Asia and Australasia (the ‘‘WisdomTree DEFA Index’’).

The Fund returned -1.83% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Japan. The Fund’s position in United Kingdom created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -1.83      9.32      6.41      4.04

Fund Market Price Returns

       -1.90      9.05      6.35      4.05

WisdomTree DEFA Index

       -1.78      9.42      6.43      4.38

MSCI EAFE Index

       -0.92      9.02      6.16      3.55
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      5   


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Dividend Growth Fund (EUDG)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Staples

    21.4%   

Healthcare

    21.4%   

Consumer Discretionary

    15.8%   

Industrials

    13.3%   

Energy

    12.6%   

Materials

    7.5%   

Information Technology

    3.1%   

Telecommunication Services

    2.3%   

Financials

    1.9%   

Utilities

    0.4%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Novartis AG, Registered Shares

    6.5%   

Nestle S.A., Registered Shares

    5.6%   

Roche Holding AG, Genusschein

    4.5%   

Anheuser-Busch InBev N.V.

    3.9%   

GlaxoSmithKline PLC

    3.0%   

BP PLC

    2.9%   

Eni SpA

    2.8%   

Royal Dutch Shell PLC, Class A

    2.8%   

Siemens AG, Registered Shares

    2.5%   

BASF SE

    2.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Europe Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Dividend Growth Index.

The Fund returned -6.35% at net asset value (“NAV”) from Fund inception on May 7, 2014 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Healthcare sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       -6.35

Fund Market Price Returns

       -6.54

WisdomTree Europe Dividend Growth Index

       -6.06

MSCI Europe Index

       -7.30
1 

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

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

6   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Staples

    22.1%   

Consumer Discretionary

    18.5%   

Industrials

    17.5%   

Healthcare

    11.4%   

Financials

    11.1%   

Materials

    5.6%   

Telecommunication Services

    5.4%   

Information Technology

    4.8%   

Utilities

    1.9%   

Energy

    0.8%   

Other Assets less Liabilities

    0.9%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Anheuser-Busch InBev N.V.

    6.5%   

Telefonica S.A.

    5.3%   

Daimler AG, Registered Shares

    4.8%   

Banco Santander S.A.

    4.7%   

Sanofi

    4.5%   

Unilever N.V., CVA

    4.4%   

Banco Bilbao Vizcaya Argentaria S.A.

    4.2%   

Siemens AG, Registered Shares

    3.8%   

Bayer AG, Registered Shares

    3.6%   

L’Oreal S.A.

    3.2%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes 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 Fund returned 24.02% for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Belgium. The Fund’s position in Spain created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     Since
Inception1
 

Fund NAV Returns

     24.02     18.54     10.46     10.35

Fund Market Price Returns

     23.66     17.82     10.32     10.36

WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index2

     24.13     18.94     10.83     10.85

MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index3

     20.46     17.60     9.62     10.02
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 31, 2009.

2 

WisdomTree DEFA International Hedged Equity Index through August 29, 2012; WisdomTree Europe Hedged Equity Index thereafter.

3 

MSCI EAFE Local Currency Index through August 29, 2012; MSCI EMU Local Currency Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      7   


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of
Net Assets
 

Industrials

    25.5%   

Financials

    17.8%   

Consumer Discretionary

    15.7%   

Materials

    9.1%   

Consumer Staples

    8.6%   

Healthcare

    5.8%   

Information Technology

    5.4%   

Telecommunication Services

    5.1%   

Utilities

    4.4%   

Energy

    1.9%   

Other Assets less Liabilities

    0.7%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

bpost S.A.

    2.2%   

Elisa Oyj

    1.9%   

Freenet AG

    1.9%   

Mediolanum SpA

    1.8%   

Lagardere SCA

    1.7%   

Delta Lloyd N.V.

    1.5%   

Nokian Renkaat Oyj

    1.5%   

Bolsas y Mercados Espanoles SHMSF S.A.

    1.4%   

Suedzucker AG

    1.3%   

Societe Television Francaise 1

    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 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’’).

The Fund returned 4.30% at net asset value (“NAV”) from Fund inception on March 4, 2015 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Italy. The Fund’s position in Germany created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated February 11, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

      Cumulative Total Return  
      Since
Inception1
 

Fund NAV Returns

     4.30

Fund Market Price Returns

     3.42

WisdomTree Europe Hedged SmallCap Equity Index

     4.26

MSCI EMU Small Cap Local Currency Index

     4.45
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on March 4, 2015.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

8   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown as of 3/31/15

 

Sector   % of Net Assets  

Industrials

    27.3%   

Financials

    17.7%   

Information Technology

    15.7%   

Consumer Discretionary

    13.7%   

Materials

    7.3%   

Consumer Staples

    5.4%   

Healthcare

    4.5%   

Telecommunication Services

    3.3%   

Utilities

    2.4%   

Energy

    1.8%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Drillisch AG

    1.9%   

Cofinimmo S.A.

    1.5%   

Holmen AB, Class B

    1.3%   

ERG SpA

    1.3%   

Axis Communications AB

    1.2%   

Cembra Money Bank AG

    1.2%   

Iren SpA

    1.1%   

Peab AB

    1.1%   

Konecranes Oyj

    1.1%   

Tieto Oyj

    1.0%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Europe SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index.

The Fund returned -8.26% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Sweden. The Fund’s position in Italy created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -8.26      17.09      12.03      5.96

Fund Market Price Returns

       -8.51      16.75      12.10      5.81

WisdomTree Europe SmallCap Dividend Index

       -6.74      18.24      12.84      6.49

MSCI Europe Small Cap Index

       -7.77      14.06      10.53      6.14
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      9   


Table of Contents

Performance Summary (unaudited)

WisdomTree Germany Hedged Equity Fund (DXGE)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Discretionary

    22.8%   

Financials

    17.6%   

Industrials

    15.4%   

Healthcare

    12.2%   

Materials

    12.0%   

Telecommunication Services

    6.4%   

Information Technology

    5.7%   

Utilities

    4.7%   

Consumer Staples

    2.8%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Deutsche Telekom AG, Registered Shares

    6.4%   

Allianz SE, Registered Shares

    6.3%   

Bayer AG, Registered Shares

    6.3%   

Daimler AG, Registered Shares

    6.3%   

Bayerische Motoren Werke AG

    5.9%   

BASF SE

    5.2%   

Siemens AG, Registered Shares

    5.0%   

Muenchener Rueckversicherungs - Gesellschaft AG, Registered Shares

    4.6%   

SAP SE

    4.2%   

Volkswagen AG

    4.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes 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 Fund returned 23.70% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Healthcare sector. The Fund’s position in the Industrials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       23.70      21.93

Fund Market Price Returns

       23.31      21.06

WisdomTree Germany Hedged Equity Index

       23.74      22.18

MSCI Germany Local Currency Index

       24.98      23.13
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on October 17, 2013.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

10   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Telecommunication Services

    15.3%   

Utilities

    12.9%   

Consumer Discretionary

    12.3%   

Industrials

    11.6%   

Materials

    10.4%   

Healthcare

    10.1%   

Consumer Staples

    9.8%   

Energy

    9.7%   

Information Technology

    7.3%   

Investment Company

    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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Telstra Corp., Ltd.

    2.3%   

Vodafone Group PLC

    2.1%   

Orange S.A.

    2.0%   

Antofagasta PLC

    1.8%   

China Mobile Ltd.

    1.8%   

BAE Systems PLC

    1.6%   

Kuehne + Nagel International AG, Registered Shares

    1.6%   

TeliaSonera AB

    1.6%   

GDF Suez

    1.6%   

Wesfarmers Ltd.

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree International Dividend ex-Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index.

The Fund returned -7.41% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Japan. The Fund’s position in United Kingdom created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -7.41      6.35      5.10      3.28

Fund Market Price Returns

       -7.27      6.17      5.11      3.17

WisdomTree International Dividend Top 100/International Dividend ex-Financials Spliced Index2

       -7.07      6.55      5.19      3.45

MSCI EAFE Value Index

       -2.90      9.03      5.27      2.68
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2 

WisdomTree International Dividend Top 100 Index through May 7, 2009; WisdomTree International Dividend ex-Financials Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      11   


Table of Contents

Performance Summary (unaudited)

WisdomTree International Hedged Dividend Growth Fund (IHDG)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Staples

    20.8%   

Consumer Discretionary

    16.4%   

Healthcare

    16.4%   

Industrials

    16.1%   

Materials

    12.7%   

Information Technology

    5.7%   

Telecommunication Services

    3.6%   

Energy

    3.5%   

Financials

    2.7%   

Utilities

    1.1%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Roche Holding AG, Genusschein

    5.4%   

Anheuser-Busch InBev N.V.

    4.7%   

BHP Billiton Ltd.

    3.8%   

GlaxoSmithKline PLC

    3.5%   

British American Tobacco PLC

    3.1%   

Siemens AG, Registered Shares

    2.9%   

BASF SE

    2.8%   

Novo Nordisk A/S, Class B

    2.6%   

CNOOC Ltd.

    2.5%   

Unilever N.V., CVA

    2.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree International Hedged Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Hedged Dividend Growth Index.

The Fund returned 12.78% at net asset value (“NAV”) from Fund inception on May 7, 2014 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Healthcare sector. The Fund’s position in the Materials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       12.78

Fund Market Price Returns

       12.10

WisdomTree International Hedged Dividend Growth Index

       13.45

MSCI EAFE Local Currency Index

       17.47
1 

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

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

12   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    25.3%   

Telecommunication Services

    12.5%   

Consumer Staples

    11.0%   

Healthcare

    10.8%   

Consumer Discretionary

    9.7%   

Energy

    8.4%   

Industrials

    8.3%   

Utilities

    5.7%   

Materials

    5.5%   

Information Technology

    2.2%   

Investment Company

    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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

China Mobile Ltd.

    2.8%   

Novartis AG, Registered Shares

    2.4%   

Commonwealth Bank of Australia

    2.0%   

Nestle S.A., Registered Shares

    1.9%   

Banco Santander S.A.

    1.8%   

Westpac Banking Corp.

    1.7%   

Toyota Motor Corp.

    1.7%   

HSBC Holdings PLC

    1.7%   

Roche Holding AG, Genusschein

    1.7%   

Vodafone Group PLC

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree International LargeCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index.

The Fund returned -2.47% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Hong Kong. The Fund’s position in France created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -2.47      8.55      5.59      3.56

Fund Market Price Returns

       -2.64      8.36      5.55      3.47

WisdomTree International LargeCap Dividend Index

       -2.27      8.88      5.89      3.89

MSCI EAFE Index

       -0.92      9.02      6.16      3.55
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      13   


Table of Contents

Performance Summary (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    21.4%   

Industrials

    20.7%   

Consumer Discretionary

    15.6%   

Materials

    10.6%   

Consumer Staples

    7.5%   

Utilities

    6.1%   

Telecommunication Services

    5.3%   

Healthcare

    5.2%   

Information Technology

    4.4%   

Energy

    2.1%   

Investment Company

    0.4%   

Other Assets less Liabilities

    0.7%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Belgacom S.A.

    1.1%   

Insurance Australia Group Ltd.

    0.8%   

Telefonica Deutschland Holding AG

    0.8%   

Eisai Co., Ltd.

    0.8%   

UPM-Kymmene Oyj

    0.6%   

Gjensidige Forsikring ASA

    0.6%   

Bezeq Israeli Telecommunication Corp., Ltd.

    0.6%   

Veolia Environnement S.A.

    0.6%   

Marks & Spencer Group PLC

    0.5%   

WM Morrison Supermarkets PLC

    0.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree International MidCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index.

The Fund returned 0.57% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Japan. The Fund’s position in Australia created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     Since
Inception1
 

Fund NAV Returns

     0.57     10.41     7.39     5.34

Fund Market Price Returns

     0.47     10.43     7.51     5.27

WisdomTree International MidCap Dividend Index

     0.89     10.85     7.62     5.47

MSCI EAFE Mid Cap Index

     1.08     10.39     7.71     4.06
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

14   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Industrials

    22.5%   

Consumer Discretionary

    20.5%   

Financials

    17.5%   

Information Technology

    10.5%   

Materials

    9.5%   

Consumer Staples

    7.2%   

Healthcare

    4.8%   

Utilities

    2.2%   

Energy

    1.9%   

Telecommunication Services

    1.8%   

Investment Company

    0.7%   

Other Assets less Liabilities

    0.9%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

China Power International Development Ltd.

    0.8%   

IOOF Holdings Ltd.

    0.6%   

Tabcorp Holdings Ltd.

    0.6%   

Adelaide Brighton Ltd.

    0.5%   

Shenzhen Investment Ltd.

    0.5%   

Nexity S.A.

    0.5%   

Drillisch AG

    0.5%   

Primary Health Care Ltd.

    0.5%   

Cable & Wireless Communications PLC

    0.5%   

Fisher & Paykel Healthcare Corp., Ltd.

    0.4%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree International SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index.

The Fund returned -5.87% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Japan. The Fund’s position in Australia created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -5.87      10.36      8.65      5.46

Fund Market Price Returns

       -6.11      10.16      8.56      5.39

WisdomTree International SmallCap Dividend Index

       -4.82      11.00      9.20      5.92

MSCI EAFE Small Cap Index

       -2.92      10.67      8.80      4.41
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      15   


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

 

Industry Breakdown as of 3/31/15

 

Industry   % of Net Assets  

Automobiles

    31.8%   

Machinery

    29.2%   

Auto Components

    14.7%   

Metals & Mining

    7.1%   

Electrical Equipment

    6.8%   

Building Products

    4.8%   

Chemicals

    2.4%   

Construction & Engineering

    2.2%   

Other Assets less Liabilities

    1.0%   

Total

    100.0%   

 

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Toyota Motor Corp.

    11.5%   

Honda Motor Co., Ltd.

    7.6%   

FANUC Corp.

    5.3%   

Bridgestone Corp.

    3.5%   

Nissan Motor Co., Ltd.

    3.3%   

Mitsubishi Electric Corp.

    3.3%   

Nippon Steel & Sumitomo Metal Corp.

    3.2%   

Denso Corp.

    3.0%   

Fuji Heavy Industries Ltd.

    2.8%   

Daikin Industries Ltd.

    2.8%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Japan Hedged Capital Goods Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Capital Goods Index.

The Fund returned 29.47% at net asset value (“NAV”) from Fund inception on April 8, 2014 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Toyota Motor Corp. The Fund’s position in JGC Corp. created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through July 31, 2015, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/15

 

        Cumulative Total Return  
                Since
Inception1
 

Fund NAV Returns

              29.47

Fund Market Price Returns

              31.52

WisdomTree Japan Hedged Capital Goods Index

              30.66

MSCI Japan Local Currency Index

              33.49
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 8, 2014.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

16   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Discretionary

    25.0%   

Industrials

    20.9%   

Information Technology

    13.7%   

Financials

    10.9%   

Materials

    10.1%   

Healthcare

    9.3%   

Consumer Staples

    8.6%   

Energy

    0.4%   

Other Assets less Liabilities

    1.1%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Toyota Motor Corp.

    5.7%   

Mitsubishi UFJ Financial Group, Inc.

    4.8%   

Canon, Inc.

    3.9%   

Japan Tobacco, Inc.

    3.6%   

Takeda Pharmaceutical Co., Ltd.

    3.2%   

Nissan Motor Co., Ltd.

    3.1%   

Honda Motor Co., Ltd.

    3.0%   

Mizuho Financial Group, Inc.

    3.0%   

Mitsubishi Corp.

    2.4%   

Mitsui & Co., 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 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 Fund returned 29.30% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Consumer Discretionary sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       29.30      20.46      9.50      3.75

Fund Market Price Returns

       29.72      20.05      9.41      3.78

WisdomTree Japan Dividend/Japan Hedged Equity Spliced Index2

       30.43      21.00      9.89      3.90

MSCI Japan/MSCI Japan Local Currency Spliced Index3

       30.49      23.98      11.16      4.24
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2 

WisdomTree Japan Dividend Index through March 31, 2010; WisdomTree Japan Hedged Equity Index thereafter.

3 

MSCI Japan Index through March 31, 2010; MSCI Japan Local Currency Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      17   


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Financials Fund (DXJF)

 

Industry Breakdown† as of 3/31/15

 

Industry   % of Net Assets  

Banks

    61.0%   

Insurance

    21.4%   

Capital Markets

    9.2%   

Diversified Financial Services

    4.0%   

Consumer Finance

    3.6%   

Other Assets less Liabilities

    0.8%   

Total

    100.0%   

 

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Mitsubishi UFJ Financial Group, Inc.

    11.3%   

Sumitomo Mitsui Financial Group, Inc.

    9.9%   

Tokio Marine Holdings, Inc.

    7.2%   

Dai-ichi Life Insurance Co., Ltd. (The)

    4.1%   

Sumitomo Mitsui Trust Holdings, Inc.

    4.0%   

MS&AD Insurance Group Holdings, Inc.

    3.8%   

Mizuho Financial Group, Inc.

    3.6%   

Nomura Holdings, Inc.

    3.6%   

Daiwa Securities Group, Inc.

    3.5%   

Sompo Japan Nipponkoa Holdings, Inc.

    3.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Japan Hedged Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Financials Index.

The Fund returned 25.94% at net asset value (“NAV”) from Fund inception on April 8, 2014 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Tokio Marine Holdings, Inc. The Fund’s position in Sumitomo Mitsui Financial Group, Inc. created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through July 31, 2015, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/15

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       25.94

Fund Market Price Returns

       28.15

WisdomTree Japan Hedged Financials Index

       27.38

MSCI Japan Local Currency Index

       33.49
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 8, 2014.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

18   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Health Care Fund (DXJH)

 

Industry Breakdown† as of 3/31/15

 

Industry   % of
Net Assets
 

Pharmaceuticals

    68.9%   

Health Care Equipment & Supplies

    17.0%   

Health Care Providers & Services

    5.9%   

Food & Staples Retailing

    5.6%   

Health Care Technology

    1.5%   

Biotechnology

    0.3%   

Other Assets less Liabilities

    0.8%   

Total

    100.0%   

 

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Takeda Pharmaceutical Co., Ltd.

    9.8%   

Astellas Pharma, Inc.

    9.7%   

Eisai Co., Ltd.

    8.4%   

Otsuka Holdings Co., Ltd.

    7.4%   

Ono Pharmaceutical Co., Ltd.

    5.1%   

Olympus Corp.

    5.0%   

Shionogi & Co., Ltd.

    4.7%   

Daiichi Sankyo Co., Ltd.

    4.7%   

Terumo Corp.

    4.2%   

Sysmex Corp.

    4.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Japan Hedged Health Care Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Health Care Index.

The Fund returned 48.27% at net asset value (“NAV”) from Fund inception on April 8, 2014 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Eisai Co., Ltd. The Fund’s position in Daiichi Sankyo Co., Ltd. created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through July 31, 2015, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/15

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       48.27

Fund Market Price Returns

       50.77

WisdomTree Japan Hedged Health Care Index

       49.67

MSCI Japan Local Currency Index

       33.49
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 8, 2014.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      19   


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Real Estate Fund (DXJR)

 

Industry Breakdown† as of 3/31/15

 

Industry   % of
Net Assets
 

Real Estate Management & Development

    40.9%   

Real Estate Investment Trusts (REITs)

    27.4%   

Construction & Engineering

    12.6%   

Household Durables

    8.1%   

Building Products

    4.9%   

Transportation Infrastructure

    3.4%   

Construction Materials

    1.9%   

Other Assets less Liabilities

    0.8%   

Total

    100.0%   

 

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Mitsubishi Estate Co., Ltd.

    10.1%   

Mitsui Fudosan Co., Ltd.

    9.1%   

Sumitomo Realty & Development Co., Ltd.

    6.3%   

Daiwa House Industry Co., Ltd.

    4.9%   

Sekisui House Ltd.

    3.3%   

Daito Trust Construction Co., Ltd.

    3.3%   

Nippon Building Fund, Inc.

    2.6%   

Taisei Corp.

    2.5%   

LIXIL Group Corp.

    2.4%   

Sekisui Chemical Co., 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 investment of cash collateral for securities on loan (if any).

The WisdomTree Japan Hedged Real Estate Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Real Estate Index.

The Fund returned 22.59% at net asset value (“NAV”) from Fund inception on April 8, 2014 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Japan Airport Terminal Co., Ltd. The Fund’s position in Sumitomo Realty & Development Co., Ltd. created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through July 31, 2015, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/15

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       22.59

Fund Market Price Returns

       24.67

WisdomTree Japan Hedged Real Estate Index

       23.94

MSCI Japan Local Currency Index

       33.49
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 8, 2014.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

20   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Industrials

    24.7%   

Consumer Discretionary

    22.9%   

Materials

    11.7%   

Financials

    11.1%   

Consumer Staples

    10.9%   

Information Technology

    10.9%   

Healthcare

    5.6%   

Energy

    0.9%   

Utilities

    0.3%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Dena Co., Ltd.

    0.6%   

Kaken Pharmaceutical Co., Ltd.

    0.6%   

Aoyama Trading Co., Ltd.

    0.6%   

Kaneka Corp.

    0.6%   

Heiwa Corp.

    0.5%   

Sanrio Co., Ltd.

    0.5%   

Pigeon Corp.

    0.5%   

Teijin Ltd.

    0.5%   

Nishi-Nippon City Bank Ltd. (The)

    0.5%   

Azbil Corp.

    0.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes 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 Fund returned 25.86% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Industrials sector. The Fund’s position in the Utilities sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       25.86      21.16

Fund Market Price Returns

       26.28      20.73

WisdomTree Japan Hedged SmallCap Equity Index

       26.88      22.58

MSCI Japan Small Cap Local Currency Index

       29.42      24.07
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 28, 2013.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      21   


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

 

Industry Breakdown† as of 3/31/15

 

Industry   % of
Net Assets
 

Electronic Equipment, Instruments & Components

    30.8%   

Wireless Telecommunication Services

    16.7%   

Technology Hardware, Storage & Peripherals

    14.9%   

Household Durables

    12.3%   

IT Services

    6.3%   

Media

    4.1%   

Semiconductors & Semiconductor Equipment

    4.0%   

Internet Software & Services

    2.6%   

Internet & Catalog Retail

    2.6%   

Leisure Products

    2.5%   

Software

    2.4%   

Other Assets less Liabilities

    0.8%   

Total

    100.0%   

 

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

SoftBank Corp.

    7.0%   

Canon, Inc.

    6.5%   

KDDI Corp.

    5.7%   

Hitachi Ltd.

    5.2%   

Panasonic Corp.

    4.8%   

Sony Corp.

    4.8%   

Murata Manufacturing Co., Ltd.

    4.4%   

Keyence Corp.

    3.9%   

NTT DOCOMO, Inc.

    3.8%   

Kyocera Corp.

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree Japan Hedged Tech, Media and Telecom Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Tech, Media and Telecom Index.

The Fund returned 32.83% at net asset value (“NAV”) from Fund inception on April 8, 2014 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Murata Manufacturing Co., Ltd. The Fund’s position in SoftBank Corp. created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through July 31, 2015, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/15

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       32.83

Fund Market Price Returns

       34.79

WisdomTree Japan Hedged Tech, Media and Telecom Index

       33.61

MSCI Japan Local Currency Index

       33.49
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 8, 2014.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

22   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Industrials

    24.4%   

Consumer Discretionary

    23.0%   

Materials

    11.6%   

Financials

    11.3%   

Consumer Staples

    11.2%   

Information Technology

    10.9%   

Healthcare

    5.2%   

Energy

    1.0%   

Utilities

    0.3%   

Investment Company

    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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Dena Co., Ltd.

    0.7%   

Azbil Corp.

    0.6%   

Kaken Pharmaceutical Co., Ltd.

    0.6%   

Sanrio Co., Ltd.

    0.6%   

Kaneka Corp.

    0.6%   

Nishi-Nippon City Bank Ltd. (The)

    0.6%   

Pigeon Corp.

    0.6%   

Denki Kagaku Kogyo K.K.

    0.6%   

SKY Perfect JSAT Holdings, Inc.

    0.5%   

NHK Spring Co., Ltd.

    0.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Japan SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index.

The Fund returned 9.26% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Industrials sector. The Fund’s position in

the Utilities sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       9.26      8.19      7.58      2.44

Fund Market Price Returns

       9.83      8.08      7.54      2.60

WisdomTree Japan SmallCap Dividend Index

       9.20      8.86      8.50      3.15

MSCI Japan Small Cap Index

       11.14      9.73      8.62      1.49
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      23   


Table of Contents

Performance Summary (unaudited)

WisdomTree Korea Hedged Equity Fund (DXKW)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Information Technology

    26.5%   

Consumer Discretionary

    25.3%   

Materials

    23.8%   

Industrials

    21.4%   

Consumer Staples

    1.2%   

Healthcare

    0.9%   

Other Assets less Liabilities

    0.9%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    8.9%   

LG Chem Ltd.

    5.5%   

POSCO

    5.2%   

Hyundai Glovis Co., Ltd.

    4.9%   

Hyundai Steel Co.

    4.7%   

SK Hynix, Inc.

    4.2%   

Hyundai Mobis Co., Ltd.

    4.1%   

LG Display Co., Ltd.

    4.1%   

Hyundai Motor Co.

    4.1%   

Kia Motors Corp.

    4.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Korea Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Korea Hedged Equity Index.

The Fund returned -6.41% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Information Technology sector. The Fund’s position in the Consumer Discretionary sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       -6.41      -8.71

Fund Market Price Returns

       -6.57      -8.65

WisdomTree Korea Hedged Equity Index

       -5.16      -8.06

MSCI Korea Local Currency Index

       -1.23      -1.69
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on November 7, 2013.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

24   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    18.2%   

Consumer Staples

    16.9%   

Energy

    14.5%   

Healthcare

    10.6%   

Materials

    10.5%   

Telecommunication Services

    8.3%   

Industrials

    7.4%   

Consumer Discretionary

    5.8%   

Utilities

    5.2%   

Information Technology

    1.6%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Vodafone Group PLC

    5.8%   

British American Tobacco PLC

    5.1%   

AstraZeneca PLC

    5.0%   

GlaxoSmithKline PLC

    5.0%   

HSBC Holdings PLC

    4.8%   

BP PLC

    4.5%   

Royal Dutch Shell PLC, Class A

    4.4%   

Royal Dutch Shell PLC, Class B

    4.4%   

National Grid PLC

    3.7%   

Rio Tinto PLC

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree United Kingdom Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree United Kingdom Hedged Equity Index.

The Fund returned 4.71% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Consumer Discretionary sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       4.71      8.03

Fund Market Price Returns

       5.42      7.68

WisdomTree United Kingdom Hedged Equity Index

       5.43      8.79

MSCI United Kingdom Local Currency Index

       6.11      8.40
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 28, 2013.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      25   


Table of Contents

Description of Indexes (unaudited)

 

 

Below are descriptions of each Index referenced in this report:

The MSCI Australia Index is comprised of large- and mid-capitalization segments of the Australia market.

The MSCI EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan.

The MSCI EAFE Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure developed market equity performance, excluding the U.S. and Canada. The index is calculated using the same methodology as its corresponding MSCI EAFE Index in U.S. dollars, with the key difference being the currency in which the securities are quoted in. The price used for each security in the local currency index is the local price, on the primary exchange on which a security is traded, with no conversion into U.S. dollars.

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

The MSCI EAFE Small Cap Index is comprised of small-capitalization stocks in the MSCI EAFE Index.

The MSCI EAFE Value Index is comprised of value stocks in the MSCI EAFE Index.

The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within 15 developed market European countries.

The MSCI Europe Small Cap Index is comprised of small-capitalization stocks in the MSCI Europe Index.

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 is designed to measure the equity market performance of small-cap stocks from developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.

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 uses the same methodology as its corresponding MSCI Japan Index. The price used for each security in the local currency index is the local price, on the primary exchange on which a security is traded, with no conversion into U.S. dollars.

The MSCI Japan Small Cap Index is comprised of small cap stocks in the MSCI Japan Index.

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 provides local currency returns, which are not translated back to U.S. dollars.

The MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index that is comprised of stocks in Australia, Hong Kong, Singapore and New Zealand.

 

26   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Description of Indexes (unaudited) (continued)

 

The MSCI Pacific ex-Japan Value Index is comprised of value stocks in the MSCI Pacific ex-Japan Index.

The MSCI Korea Local Currency Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the South Korean equity market and provides local currency returns, which are not translated back to U.S. dollars.

The MSCI United Kingdom Local Currency Index is a capitalization weighted index that measures the performance of the British equity market and provides local currency returns, which are not translated back to U.S. dollars.

The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by Standard

& Poor’s Index Committee, designed to represent the performance of the leading

industries in the United States economy.

The WisdomTree Australia Dividend Index is comprised of dividend-paying companies incorporated in Australia.

The WisdomTree DEFA Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree DEFA Index.

The WisdomTree DEFA Index is comprised of dividend-paying companies in the industrialized world, excluding Canada and the United States.

The WisdomTree DEFA International Hedged Equity Index is comprised of dividend-paying companies in the industrialized world, excluding Canada and the United States, and is designed to neutralize 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 DEFA Index.

The WisdomTree Europe Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree DEFA 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 a dividend weighted index designed to provide exposure to small cap equity securities within Europe, while at the same time neutralizing exposure to fluctuations between the value of the Euro and the U.S. dollar.

The WisdomTree Europe SmallCap Dividend Index is comprised of the small-capitalization segment of the European dividend-paying market.

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 Dividend ex-Financials Index is comprised of high dividend-yielding international stocks outside the financial sector.

The WisdomTree International Dividend Top 100 Index is comprised of the 100 highest dividend-yielding companies in the WisdomTree International LargeCap Dividend Index.

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

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

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      27   


Table of Contents

Description of Indexes (unaudited) (continued)

 

 

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

The WisdomTree Japan Dividend Index is comprised of dividend-paying companies incorporated in Japan, listed on the Tokyo Stock Exchange and that meet other requirements necessary to be included in the WisdomTree DEFA Index.

The WisdomTree Japan Hedged Capital Goods Index is designed to provide exposure to Japanese capital goods companies while at the same time neutralizing exposure to fluctuations between the Yen 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. This index is based on the WisdomTree Japan Dividend Index.

The WisdomTree Japan Hedged Financials Index is designed to provide exposure to Japanese financial companies while at the same time neutralizing exposure to fluctuations between the Yen and the U.S. dollar.

The WisdomTree Japan Hedged Health Care Index is designed to provide exposure to Japanese health care companies while at the same time neutralizing exposure to fluctuations between the Yen and the U.S. dollar.

The WisdomTree Japan Hedged Real Estate Index is designed to provide exposure to Japanese real estate companies while at the same time neutralizing exposure to fluctuations between the Yen and the U.S. dollar.

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 WisdomTree Japan Hedged Tech, Media and Telecom Index is designed to provide exposure to Japanese tech, media, and telecom companies while at the same time neutralizing exposure to fluctuations between the Yen and the U.S. dollar.

The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small-capitalization companies in Japan.

The WisdomTree Korea Hedged Equity Index is designed to provide exposure to Korean equity markets while at the same time neutralizing exposure to fluctuations of the Korean Won movements relative to the U.S. dollar.

The WisdomTree Pacific ex-Japan Dividend Index is comprised of dividend-paying

companies incorporated in the Pacific region, excluding Japan.

The WisdomTree Pacific ex-Japan Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Pacific ex-Japan Dividend Index.

The WisdomTree United Kingdom Hedged Equity Index is designed to provide exposure to United Kingdom equity markets while at the same time neutralizing exposure to fluctuations of the British Pound movements relative to the U.S. dollar.

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

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

 

28   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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 and WisdomTree Asset Management (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.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      29   


Table of Contents

Shareholder Expense Examples (unaudited)

 

 

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 following example is 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 example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2014 to March 31, 2015.

Actual expenses

The first line under each Fund in the table on the next page 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 10/1/14 to 3/31/15” to estimate the expenses you paid on your account during the period.

Hypothetical example for comparison purposes

The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each 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 under each Fund 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.

 

30   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Shareholder Expense Examples (unaudited) (continued)

 

 

     Beginning
Account Value
10/1/14
    Ending
Account Value
3/31/15
    Annualized
Expense Ratio
Based on the
Period
10/1/14 to
3/31/15
    Expenses Paid
During the
Period†
10/1/14 to
3/31/15
 

WisdomTree Australia Dividend Fund

       

Actual

  $ 1,000.00      $ 982.10        0.58   $ 2.87   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree DEFA Equity Income Fund

       

Actual

  $ 1,000.00      $ 967.30        0.58   $ 2.84   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree DEFA Fund

       

Actual

  $ 1,000.00      $ 1,002.40        0.48   $ 2.40   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree Europe Dividend Growth Fund

       

Actual

  $ 1,000.00      $ 999.10        0.58   $ 2.89   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Europe Hedged Equity Fund

       

Actual

  $ 1,000.00      $ 1,192.60        0.58   $ 3.17   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Europe Hedged SmallCap Equity Fund

       

Actual1

  $ 1,000.00      $ 1,043.00        0.58   $ 0.45   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Europe SmallCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,059.40        0.58   $ 3.03   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,021.99        0.58   $ 2.97   

WisdomTree Germany Hedged Equity Fund

       

Actual

  $ 1,000.00      $ 1,250.80        0.48   $ 2.69   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree International Dividend ex-Financials Fund

       

Actual

  $ 1,000.00      $ 950.50        0.58   $ 2.82   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree International Hedged Dividend Growth Fund

       

Actual

  $ 1,000.00      $ 1,121.20        0.58   $ 3.07   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree International LargeCap Dividend Fund

       

Actual

  $ 1,000.00      $ 988.00        0.48   $ 2.38   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree International MidCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,039.50        0.59   $ 3.00   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,021.99        0.59   $ 2.97   

WisdomTree International SmallCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,011.00        0.58   $ 2.91   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Japan Hedged Capital Goods Fund

       

Actual

  $ 1,000.00      $ 1,120.00        0.43 %*    $ 2.27   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.79        0.43 %*    $ 2.17   

WisdomTree Japan Hedged Equity Fund

       

Actual

  $ 1,000.00      $ 1,163.40        0.48   $ 2.59   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree Japan Hedged Financials Fund

       

Actual

  $ 1,000.00      $ 1,146.80        0.43 %*    $ 2.30   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.79        0.43 %*    $ 2.17   

WisdomTree Japan Hedged Health Care Fund

       

Actual

  $ 1,000.00      $ 1,264.80        0.43 %*    $ 2.43   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.79        0.43 %*    $ 2.17   

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      31   


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

 

     Beginning
Account Value
10/1/14
    Ending
Account Value
3/31/15
    Annualized
Expense Ratio
Based on the
Period
10/1/14 to
3/31/15
    Expenses Paid
During the
Period†
10/1/14 to
3/31/15
 

WisdomTree Japan Hedged Real Estate Fund

       

Actual

  $ 1,000.00      $ 1,107.50        0.43 %*    $ 2.26   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.79        0.43 %*    $ 2.17   

WisdomTree Japan Hedged SmallCap Equity Fund

       

Actual

  $ 1,000.00      $ 1,152.40        0.58   $ 3.11   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Japan Hedged Tech, Media and Telecom Fund

       

Actual

  $ 1,000.00      $ 1,177.40        0.43 %*    $ 2.33   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.79        0.43 %*    $ 2.17   

WisdomTree Japan SmallCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,060.00        0.58   $ 2.98   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Korea Hedged Equity Fund

       

Actual

  $ 1,000.00      $ 988.70        0.58   $ 2.88   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree United Kingdom Hedged Equity Fund

       

Actual

  $ 1,000.00      $ 1,035.90        0.48   $ 2.44   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   
Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period).

 

* WisdomTree Asset Management, Inc. has contractually agreed to limit the Management Fee to 0.43% through July 31, 2015, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

 

1 

Fund commenced operations on March 4, 2015. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 28/365 (to reflect the period since commencement of operations).

 

32   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Australia Dividend Fund (AUSE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 99.4%      
Air Freight & Logistics – 3.5%      

Toll Holdings Ltd.

     254,078       $ 1,719,752   
Banks – 9.6%      

Australia & New Zealand Banking Group Ltd.

     39,564         1,107,441   

Commonwealth Bank of Australia

     14,665         1,046,391   

National Australia Bank Ltd.

     45,221         1,331,771   

Westpac Banking Corp.

     38,762         1,166,130   
     

 

 

 
Total Banks               4,651,733   
Beverages – 3.3%      

Coca-Cola Amatil Ltd.(a)

     154,633         1,273,462   

Treasury Wine Estates Ltd.

     89,743         351,023   
     

 

 

 
Total Beverages               1,624,485   
Biotechnology – 0.6%      

CSL Ltd.

     4,306         303,035   
Capital Markets – 1.9%      

Macquarie Group Ltd.

     15,572         912,084   
Chemicals – 5.4%      

DuluxGroup Ltd.

     156,930         767,275   

Incitec Pivot Ltd.

     293,209         911,668   

Orica Ltd.(a)

     60,750         928,663   
     

 

 

 
Total Chemicals               2,607,606   
Commercial Services & Supplies – 4.3%      

Brambles Ltd.

     61,640         542,476   

Downer EDI Ltd.

     206,935         706,653   

Mineral Resources Ltd.(a)

     163,301         842,088   
     

 

 

 
Total Commercial Services & Supplies               2,091,217   
Construction & Engineering – 1.9%      

Leighton Holdings Ltd.

     56,654         915,390   
Construction Materials – 4.0%      

Adelaide Brighton Ltd.

     395,635         1,369,172   

Boral Ltd.

     122,339         596,280   
     

 

 

 
Total Construction Materials               1,965,452   
Containers & Packaging – 1.4%      

Amcor Ltd.

     64,802         695,057   
Diversified Consumer Services – 0.7%      

Navitas Ltd.

     90,724         339,612   
Diversified Telecommunication Services – 6.8%      

iiNET Ltd.(a)

     96,301         649,616   

M2 Group Ltd.

     122,365         947,895   

Telstra Corp., Ltd.

     263,250         1,269,003   

TPG Telecom Ltd.

     65,180         456,613   
     

 

 

 
Total Diversified Telecommunication Services               3,323,127   
Energy Equipment & Services – 0.9%      

WorleyParsons Ltd.

     61,839         451,160   
Food & Staples Retailing – 5.0%      

Metcash Ltd.(a)

     814,716         964,724   

Wesfarmers Ltd.

     26,359         885,221   

Woolworths Ltd.(a)

     25,422       $ 572,729   
     

 

 

 
Total Food & Staples Retailing               2,422,674   
Food Products – 2.1%      

GrainCorp Ltd. Class A

     140,622         1,010,899   
Health Care Equipment & Supplies – 2.7%      

Ansell Ltd.

     18,257         384,252   

Cochlear Ltd.(a)

     13,540         936,432   
     

 

 

 
Total Health Care Equipment & Supplies               1,320,684   
Health Care Providers & Services – 4.6%      

Primary Health Care Ltd.(a)

     256,182         1,076,407   

Ramsay Health Care Ltd.

     8,913         457,843   

Sonic Healthcare Ltd.

     45,590         711,894   
     

 

 

 
Total Health Care Providers & Services               2,246,144   
Hotels, Restaurants & Leisure – 9.8%      

Aristocrat Leisure Ltd.

     96,498         621,457   

Crown Resorts Ltd.(a)

     32,563         332,599   

Echo Entertainment Group Ltd.

     195,900         676,453   

Flight Centre Travel Group Ltd.(a)

     17,307         524,240   

Tabcorp Holdings Ltd.

     352,038         1,274,773   

Tatts Group Ltd.

     438,192         1,332,332   
     

 

 

 
Total Hotels, Restaurants & Leisure               4,761,854   
Insurance – 7.7%      

AMP Ltd.

     190,134         935,429   

Insurance Australia Group Ltd.

     259,854         1,210,944   

QBE Insurance Group Ltd.

     62,254         620,169   

Suncorp Group Ltd.

     93,205         961,253   
     

 

 

 
Total Insurance               3,727,795   
Internet Software & Services – 1.1%      

carsales.com Ltd.(a)

     67,200         530,316   
IT Services – 2.5%      

Computershare Ltd.

     34,527         335,514   

Iress Ltd.

     112,533         902,681   
     

 

 

 
Total IT Services               1,238,195   
Media – 1.7%      

Fairfax Media Ltd.

     834,333         608,706   

REA Group Ltd.(a)

     6,137         226,354   
     

 

 

 
Total Media               835,060   
Metals & Mining – 4.0%      

BHP Billiton Ltd.

     24,934         591,070   

Fortescue Metals Group Ltd.(a)

     286,931         429,634   

Iluka Resources Ltd.(a)

     32,551         211,372   

Rio Tinto Ltd.

     16,027         700,714   
     

 

 

 
Total Metals & Mining               1,932,790   
Multi-Utilities – 1.7%      

AGL Energy Ltd.

     72,093         837,147   
Multiline Retail – 2.0%      

Harvey Norman Holdings Ltd.

     279,316         949,557   
Oil, Gas & Consumable Fuels – 4.0%      

Beach Energy Ltd.

     262,106         203,239   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      33   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Australia Dividend Fund (AUSE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Caltex Australia Ltd.

     17,618       $ 470,402   

Origin Energy Ltd.

     40,793         352,463   

Santos Ltd.

     36,227         197,604   

Woodside Petroleum Ltd.

     26,475         698,187   
     

 

 

 
Total Oil, Gas & Consumable Fuels               1,921,895   
Professional Services – 1.5%      

ALS Ltd.(a)

     112,966         428,050   

Seek Ltd.

     24,090         315,069   
     

 

 

 
Total Professional Services               743,119   
Real Estate Management & Development – 1.1%   

Lend Lease Group

     42,174         536,121   
Road & Rail – 1.3%      

Aurizon Holdings Ltd.

     164,201         608,391   
Trading Companies & Distributors – 1.3%      

Seven Group Holdings Ltd.(a)

     114,164         628,825   
Transportation Infrastructure – 1.0%      

Qube Holdings Ltd.

     212,947         483,162   
TOTAL COMMON STOCKS
(Cost: $49,715,600)
              48,334,338   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 17.0%      
United States – 17.0%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     

(Cost: $8,277,443)(c)

     8,277,443         8,277,443   
TOTAL INVESTMENTS IN SECURITIES – 116.4%
(Cost: $57,993,043)
        56,611,781   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (16.4)%

        (7,973,735
     

 

 

 
NET ASSETS – 100.0%             $ 48,638,046   
(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $7,886,415 and the total market value of the collateral held by the Fund was $8,283,719. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,276. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

34   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
Australia – 15.6%      

AGL Energy Ltd.

     24,239       $ 281,464   

ALS Ltd.(a)

     29,979         113,596   

Amcor Ltd.

     57,824         620,212   

AMP Ltd.

     114,084         561,275   

Arrium Ltd.

     365,108         47,417   

ASX Ltd.

     11,606         367,158   

Aurizon Holdings Ltd.

     76,529         283,552   

Australia & New Zealand Banking Group Ltd.

     173,193         4,847,868   

Automotive Holdings Group Ltd.

     22,115         70,958   

Bank of Queensland Ltd.

     26,060         274,539   

BC Iron Ltd.(a)

     46,007         13,004   

Bendigo & Adelaide Bank Ltd.

     42,474         407,223   

BHP Billiton Ltd.

     170,754         4,047,787   

Brambles Ltd.

     41,463         364,904   

Brickworks Ltd.

     17,508         193,272   

Cabcharge Australia Ltd.(a)

     37,048         131,325   

Cardno Ltd.(a)

     19,298         48,356   

Coca-Cola Amatil Ltd.(a)

     79,988         658,732   

Cochlear Ltd.(a)

     3,717         257,069   

Commonwealth Bank of Australia

     102,718         7,329,231   

DuluxGroup Ltd.

     32,800         160,368   

ERM Power Ltd.

     64,558         111,954   

Fairfax Media Ltd.

     181,995         132,778   

Flight Centre Travel Group Ltd.(a)

     5,192         157,269   

Fortescue Metals Group Ltd.(a)

     231,273         346,295   

GrainCorp Ltd. Class A

     29,482         211,939   

GUD Holdings Ltd.

     24,924         156,895   

Harvey Norman Holdings Ltd.

     32,086         109,079   

Incitec Pivot Ltd.

     42,051         130,748   

Insurance Australia Group Ltd.

     152,449         710,427   

IOOF Holdings Ltd.(a)

     18,046         141,860   

JB Hi-Fi Ltd.(a)

     8,488         121,064   

Leighton Holdings Ltd.

     20,936         338,274   

Lend Lease Group

     22,925         291,426   

Macquarie Group Ltd.

     13,113         768,055   

McMillan Shakespeare Ltd.

     8,553         77,755   

Metcash Ltd.(a)

     157,975         187,062   

Mineral Resources Ltd.(a)

     20,069         103,489   

MMG Ltd.(a)

     384,000         126,299   

Mount Gibson Iron Ltd.(a)

     234,619         39,432   

National Australia Bank Ltd.

     153,050         4,507,365   

New Hope Corp., Ltd.

     102,367         190,034   

Northern Star Resources Ltd.

     62,920         110,556   

Orica Ltd.(a)

     27,456         419,710   

Origin Energy Ltd.

     37,868         327,190   

Pacific Brands Ltd.

     238,489         83,809   

Platinum Asset Management Ltd.

     23,085         137,912   

Primary Health Care Ltd.(a)

     45,531         191,309   

Prime Media Group Ltd.

     57,540         38,903   

Programmed Maintenance Services Ltd.

     24,067         44,494   

QBE Insurance Group Ltd.

     42,646         424,836   

Regis Resources Ltd.*(a)

     108,648         109,147   

Reject Shop Ltd. (The)(a)

     11,105       $ 56,841   

Rio Tinto Ltd.

     24,587         1,074,965   

SAI Global Ltd.

     45,883         145,117   

Seven Group Holdings Ltd.(a)

     29,610         163,094   

Seven West Media Ltd.

     62,996         64,489   

Skilled Group Ltd.

     49,780         47,727   

Sonic Healthcare Ltd.

     18,876         294,751   

Southern Cross Media Group Ltd.

     153,645         134,984   

Suncorp Group Ltd.

     62,220         641,695   

Super Retail Group Ltd.(a)

     23,109         169,656   

Tabcorp Holdings Ltd.

     87,741         317,721   

Tatts Group Ltd.

     140,408         426,913   

Telstra Corp., Ltd.

     1,042,363         5,024,737   

Toll Holdings Ltd.

     68,549         463,981   

UXC Ltd.

     70,797         42,727   

Wesfarmers Ltd.

     74,196         2,491,743   

Westpac Banking Corp.

     204,381         6,148,671   

Woodside Petroleum Ltd.

     51,763         1,365,071   

Woolworths Ltd.(a)

     65,951         1,485,803   

WorleyParsons Ltd.

     19,906         145,229   
     

 

 

 
Total Australia               52,632,590   
Austria – 0.3%      

EVN AG

     15,485         174,125   

Oesterreichische Post AG

     3,930         193,313   

OMV AG

     13,304         365,214   

UNIQA Insurance Group AG

     11,234         101,602   

Verbund AG(a)

     10,725         179,461   

Vienna Insurance Group AG Wiener Versicherung Gruppe

     2,016         89,206   
     

 

 

 
Total Austria               1,102,921   
Belgium – 0.5%      

Ageas

     6,708         240,663   

Belgacom S.A.

     27,899         976,061   

bpost S.A.

     9,247         259,256   

Cofinimmo S.A.

     445         52,166   

Elia System Operator S.A./N.V.

     3,019         127,037   

EVS Broadcast Equipment S.A.

     1,749         65,022   

N.V. Bekaert S.A.

     2,477         66,787   
     

 

 

 
Total Belgium               1,786,992   
China – 5.3%      

BOC Hong Kong Holdings Ltd.(a)

     367,047         1,309,014   

China Merchants Holdings International Co., Ltd.

     74,670         292,302   

China Mobile Ltd.

     922,000         12,034,799   

China Resources Power Holdings Co., Ltd.

     198,000         496,976   

CNOOC Ltd.

     1,963,000         2,774,970   

Dah Chong Hong Holdings Ltd.(a)

     220,000         108,396   

Franshion Properties China Ltd.

     318,000         96,388   

Poly Property Group Co., Ltd.

     313,000         152,199   

Shanghai Industrial Holdings Ltd.

     45,000         138,720   

Shenzhen Investment Ltd.

     350,000         129,562   

Sino-Ocean Land Holdings Ltd.

     294,000         177,847   

Yuexiu Property Co., Ltd.

     896,000         175,663   
     

 

 

 
Total China               17,886,836   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      35   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Denmark – 0.3%      

TDC A/S

     88,800       $ 635,745   

Tryg A/S(a)

     3,246         382,884   
     

 

 

 
Total Denmark               1,018,629   
Finland – 1.7%      

Elisa Oyj(a)

     15,369         386,247   

Fortum Oyj(a)

     56,113         1,178,790   

Kemira Oyj

     9,550         118,362   

Kesko Oyj Class B

     4,753         203,015   

Kone Oyj Class B(a)

     15,758         698,626   

Metso Oyj(a)

     7,358         214,711   

Neste Oil Oyj(a)

     8,743         229,116   

Nokian Renkaat Oyj(a)

     2,482         74,239   

Orion Oyj Class B(a)

     7,883         222,580   

Sampo Oyj Class A

     20,719         1,046,298   

Stora Enso Oyj Class R(a)

     26,931         277,380   

Tikkurila Oyj

     9,632         184,033   

UPM-Kymmene Oyj

     38,023         739,961   
     

 

 

 
Total Finland               5,573,358   
France – 10.0%      

AXA S.A.

     81,763         2,059,664   

BNP Paribas S.A.

     29,615         1,799,294   

Bourbon S.A.(a)

     1,895         32,462   

Bouygues S.A.

     16,801         659,337   

Casino Guichard Perrachon S.A.

     4,536         402,058   

Cie de Saint-Gobain

     21,421         940,836   

CNP Assurances

     34,400         602,582   

Edenred

     4,975         124,041   

Electricite de France S.A.

     87,506         2,099,545   

Euler Hermes Group(a)

     2,088         222,233   

Eutelsat Communications S.A.

     7,589         251,323   

GDF Suez

     178,167         3,521,821   

Klepierre

     10,082         494,734   

Lagardere SCA

     3,948         118,470   

Metropole Television S.A.

     9,322         186,720   

Natixis S.A.

     65,196         487,413   

Neopost S.A.(a)

     1,742         95,697   

Nexity S.A.

     4,084         170,689   

Orange S.A.

     176,162         2,831,347   

Rallye S.A.

     6,221         233,981   

Rexel S.A.

     11,490         216,757   

Sanofi

     48,673         4,805,621   

SCOR SE

     3,762         126,929   

Societe Television Francaise 1

     11,566         204,961   

Suez Environnement Co.

     34,918         600,968   

Total S.A.

     123,360         6,130,910   

Unibail-Rodamco SE(a)

     3,513         947,202   

Veolia Environnement S.A.

     19,021         359,849   

Vinci S.A.

     26,057         1,489,653   

Vivendi S.A.*

     65,263         1,620,888   
     

 

 

 
Total France               33,837,985   
Germany – 7.9%      

Allianz SE Registered Shares

     13,945         2,424,015   

Axel Springer SE

     4,535       $ 267,882   

BASF SE

     31,884         3,169,227   

Comdirect Bank AG

     11,368         113,790   

Daimler AG Registered Shares(a)

     43,249         4,167,906   

Deutsche Boerse AG

     6,801         555,563   

Deutsche Post AG Registered Shares

     43,431         1,357,133   

Deutsche Telekom AG Registered Shares

     207,279         3,795,630   

Drillisch AG(a)

     7,642         299,779   

E.ON SE

     73,925         1,102,405   

Evonik Industries AG

     16,186         577,141   

Freenet AG

     10,950         330,170   

Hannover Rueck SE

     5,953         615,057   

Hugo Boss AG

     2,986         363,189   

MAN SE

     3,267         343,858   

Muenchener Rueckversicherungs-Gesellschaft AG Registered Shares

     6,872         1,481,641   

ProSiebenSat.1 Media AG Registered Shares

     6,041         296,535   

RWE AG

     13,793         352,269   

Siemens AG Registered Shares

     32,108         3,472,537   

Suedzucker AG(a)

     16,305         199,632   

Talanx AG

     11,115         348,635   

Telefonica Deutschland Holding AG*

     158,299         913,990   
     

 

 

 
Total Germany               26,547,984   
Hong Kong – 1.7%      

Bank of East Asia Ltd. (The)

     41,600         165,530   

China Power International Development Ltd.(a)

     504,000         263,927   

CLP Holdings Ltd.

     128,500         1,122,897   

Hang Seng Bank Ltd.

     77,818         1,410,210   

Hopewell Holdings Ltd.

     55,500         208,312   

New World Development Co., Ltd.

     258,666         299,935   

PCCW Ltd.

     358,380         218,641   

Power Assets Holdings Ltd.

     90,518         925,839   

Sino Land Co., Ltd.

     210,000         342,369   

SJM Holdings Ltd.(a)

     289,000         377,975   

Television Broadcasts Ltd.(a)

     33,100         204,285   

Wheelock & Co., Ltd.

     45,000         230,135   
     

 

 

 
Total Hong Kong               5,770,055   
Ireland – 0.0%      

Dragon Oil PLC

     18,619         160,634   
Israel – 0.5%      

Bezeq Israeli Telecommunication Corp., Ltd.

     420,797         785,152   

Delek Automotive Systems Ltd.

     20,022         235,731   

Gazit-Globe Ltd.

     11,897         147,190   

Harel Insurance Investments & Financial Services Ltd.

     24,958         116,421   

Israel Chemicals Ltd.

     38,155         271,528   

Migdal Insurance & Financial Holding Ltd.

     136,336         168,744   

Phoenix Holdings Ltd. (The)

     7,983         23,327   

Shufersal Ltd.

     39,724         89,114   
     

 

 

 
Total Israel               1,837,207   
Italy – 2.8%      

ACEA SpA

     16,591         212,934   

 

See Notes to Financial Statements.

 

36   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Atlantia SpA

     40,588       $ 1,065,812   

Banca Generali SpA

     5,665         177,476   

Enel SpA

     351,451         1,589,854   

Eni SpA

     199,247         3,451,678   

ERG SpA

     14,273         186,556   

Hera SpA

     86,485         203,046   

MARR SpA

     5,521         94,577   

Mediolanum SpA(a)

     16,220         130,914   

Snam SpA

     231,634         1,124,462   

Societa Iniziative Autostradali e Servizi SpA

     28,588         332,212   

Telecom Italia SpA RSP

     328,349         308,566   

Terna Rete Elettrica Nazionale SpA

     115,778         509,817   

Unipol Gruppo Finanziario SpA

     23,567         124,935   
     

 

 

 
Total Italy               9,512,839   
Japan – 6.1%      

Adastria Holdings Co., Ltd.(a)

     4,700         130,115   

Aozora Bank Ltd.(a)

     62,000         220,238   

Asahi Holdings, Inc.

     3,100         53,172   

Canon Electronics, Inc.

     9,200         186,800   

Canon, Inc.

     52,100         1,845,493   

Chugoku Electric Power Co., Inc. (The)(a)

     16,800         219,377   

Dai Nippon Printing Co., Ltd.(a)

     28,000         272,704   

Daihatsu Motor Co., Ltd.(a)

     14,400         220,698   

Daiichi Sankyo Co., Ltd.(a)

     21,600         343,475   

Daito Trust Construction Co., Ltd.(a)

     2,200         246,279   

Daiwa Securities Group, Inc.(a)

     48,000         378,637   

Dynam Japan Holdings Co., Ltd.

     27,400         53,153   

Eisai Co., Ltd.(a)

     10,400         740,162   

Endo Lighting Corp.(a)

     3,800         43,379   

Fields Corp.(a)

     4,500         68,630   

Foster Electric Co., Ltd.(a)

     4,600         115,072   

Geo Holdings Corp.(a)

     16,500         174,597   

Hakuto Co., Ltd.

     10,800         129,231   

Hokuriku Electric Power Co.(a)

     13,300         176,446   

ITOCHU Corp.(a)

     62,800         681,544   

Japan Airlines Co., Ltd.

     12,800         399,183   

Kohnan Shoji Co., Ltd.(a)

     16,400         183,932   

Marubeni Corp.(a)

     67,000         388,843   

Matsui Securities Co., Ltd.(a)

     8,900         81,041   

Mitsubishi Corp.(a)

     57,900         1,168,622   

Mitsui & Co., Ltd.(a)

     71,500         961,084   

Mizuho Financial Group, Inc.(a)

     532,000         936,462   

Nippon Electric Glass Co., Ltd.(a)

     16,000         78,315   

Nippon Telegraph & Telephone Corp.

     41,500         2,559,729   

Nissan Motor Co., Ltd.(a)

     144,700         1,476,863   

NTT DOCOMO, Inc.(a)

     180,100         3,131,945   

Onward Holdings Co., Ltd.(a)

     14,000         97,828   

Sankyo Co., Ltd.(a)

     4,700         167,542   

Sekisui House Ltd.

     20,900         304,198   

Showa Shell Sekiyu K.K.

     8,700         79,655   

Sumitomo Corp.(a)

     47,100         504,874   

Takeda Pharmaceutical Co., Ltd.(a)

     29,800         1,490,683   

TonenGeneral Sekiyu K.K.

     19,000         164,294   

UNY Group Holdings Co., Ltd.(a)

     20,000       $ 112,237   
     

 

 

 
Total Japan               20,586,532   
Netherlands – 1.8%      

Aegon N.V.

     48,626         383,796   

Boskalis Westminster N.V.

     5,765         283,576   

Delta Lloyd N.V.

     11,889         223,964   

Koninklijke Ahold N.V.

     32,538         641,256   

Koninklijke Philips N.V.

     30,618         868,952   

Reed Elsevier N.V.

     29,424         732,836   

Unilever N.V. CVA

     56,721         2,370,637   

Wolters Kluwer N.V.

     12,747         416,184   
     

 

 

 
Total Netherlands               5,921,201   
New Zealand – 0.8%      

Air New Zealand Ltd.

     36,158         73,888   

Auckland International Airport Ltd.

     89,893         303,348   

Contact Energy Ltd.

     44,033         197,462   

Fisher & Paykel Healthcare Corp., Ltd.

     48,464         239,138   

Fletcher Building Ltd.

     29,712         187,606   

Infratil Ltd.

     64,071         152,789   

Mighty River Power Ltd.

     134,859         313,505   

New Zealand Oil & Gas Ltd.

     136,478         57,825   

Sky Network Television Ltd.(a)

     37,984         168,342   

SKYCITY Entertainment Group Ltd.

     45,182         138,916   

Spark New Zealand Ltd.

     230,912         516,020   

Trade Me Group Ltd.

     35,247         97,797   

Vector Ltd.

     118,314         273,269   
     

 

 

 
Total New Zealand               2,719,905   
Norway – 2.0%      

Aker ASA Class A

     6,724         147,260   

Austevoll Seafood ASA

     36,828         196,956   

Gjensidige Forsikring ASA

     30,820         532,335   

Marine Harvest ASA(a)

     39,661         455,464   

Orkla ASA

     53,252         402,739   

Salmar ASA

     7,705         110,903   

Statoil ASA(a)

     144,311         2,557,061   

Telenor ASA

     72,785         1,471,216   

TGS Nopec Geophysical Co. ASA(a)

     3,804         84,396   

Yara International ASA

     13,206         671,844   
     

 

 

 
Total Norway               6,630,174   
Portugal – 0.4%      

EDP-Energias de Portugal S.A.

     239,655         897,002   

Portucel S.A.

     69,414         310,802   
     

 

 

 
Total Portugal               1,207,804   
Singapore – 2.6%      

Asian Pay Television Trust

     399,200         259,013   

CSE Global Ltd.

     259,900         105,157   

DBS Group Holdings Ltd.

     44,100         654,572   

Hutchison Port Holdings Trust(a)

     730,223         507,505   

Keppel Corp., Ltd.(a)

     89,200         585,259   

M1 Ltd.

     42,100         119,698   

OUE Ltd.

     125,600         197,781   

Oversea-Chinese Banking Corp., Ltd.

     95,449         735,508   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      37   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

SATS Ltd.

     92,200       $ 207,025   

Sembcorp Industries Ltd.

     66,800         205,508   

Sembcorp Marine Ltd.(a)

     131,800         280,569   

SIA Engineering Co., Ltd.(a)

     66,800         195,282   

Singapore Exchange Ltd.

     41,100         243,897   

Singapore Post Ltd.(a)

     276,600         395,229   

Singapore Press Holdings Ltd.(a)

     104,900         320,428   

Singapore Technologies Engineering Ltd.

     158,000         400,846   

Singapore Telecommunications Ltd.

     716,200         2,286,911   

StarHub Ltd.

     102,900         326,321   

Tat Hong Holdings Ltd.

     222,800         108,825   

United Engineers Ltd.

     25,400         50,552   

United Overseas Bank Ltd.

     20,700         347,088   

Venture Corp., Ltd.

     45,100         281,115   

Wing Tai Holdings Ltd.(a)

     54,300         76,005   
     

 

 

 
Total Singapore               8,890,094   
Spain – 6.3%      

Abertis Infraestructuras S.A.

     46,422         839,346   

ACS Actividades de Construccion y Servicios S.A.

     19,015         673,929   

Banco Bilbao Vizcaya Argentaria S.A.

     230,390         2,327,904   

Banco Santander S.A.

     858,843         6,472,460   

Bolsas y Mercados Espanoles SHMSF S.A.

     7,879         351,006   

CaixaBank S.A.

     247,350         1,172,861   

Enagas S.A.

     13,346         381,704   

Endesa S.A.

     32,572         629,682   

Gas Natural SDG S.A.

     55,258         1,241,244   

Iberdrola S.A.

     255,856         1,649,285   

Mapfre S.A.

     103,796         378,910   

Red Electrica Corp. S.A.

     6,800         553,144   

Repsol S.A.

     43,153         803,413   

Tecnicas Reunidas S.A.(a)

     2,654         111,451   

Telefonica S.A.

     250,747         3,570,947   
     

 

 

 
Total Spain               21,157,286   
Sweden – 3.7%      

Atlas Copco AB Class B

     12,241         361,806   

Axfood AB(a)

     4,773         252,098   

Bilia AB Class A

     5,615         201,837   

Castellum AB

     16,483         249,040   

Electrolux AB Series B(a)

     9,819         281,452   

Fabege AB(a)

     23,168         332,581   

Hennes & Mauritz AB Class B

     61,551         2,494,428   

ICA Gruppen AB(a)

     4,819         161,545   

Mekonomen AB

     4,909         129,498   

Modern Times Group MTG AB Class B(a)

     2,709         83,054   

Nordea Bank AB

     125,647         1,534,155   

Peab AB

     43,948         346,017   

Sandvik AB(a)

     46,414         519,087   

Securitas AB Class B

     18,600         266,791   

Skanska AB Class B

     21,176         474,886   

SKF AB Class B(a)

     12,425         320,997   

Swedbank AB Class A(a)

     47,698         1,139,900   

Tele2 AB Class B

     14,593         174,458   

Telefonaktiebolaget LM Ericsson Class B

     118,409         1,488,342   

TeliaSonera AB

     255,703       $ 1,624,819   
     

 

 

 
Total Sweden               12,436,791   
Switzerland – 6.0%      

ABB Ltd. Registered Shares*

     78,653         1,670,556   

Baloise Holding AG Registered Shares

     2,697         357,360   

BKW AG(a)

     2,461         85,893   

Givaudan S.A. Registered Shares*

     222         402,722   

Kuehne + Nagel International AG Registered Shares

     5,043         750,246   

Novartis AG Registered Shares

     92,311         9,137,962   

STMicroelectronics N.V.

     37,603         350,951   

Swiss Re AG

     29,457         2,853,808   

Swisscom AG Registered Shares

     2,642         1,535,477   

Transocean Ltd.(a)

     24,528         355,054   

Zurich Insurance Group AG*

     8,084         2,740,720   
     

 

 

 
Total Switzerland               20,240,749   
United Kingdom – 23.0%      

Aberdeen Asset Management PLC

     42,606         290,691   

Admiral Group PLC

     10,207         231,830   

Amec Foster Wheeler PLC

     10,871         146,130   

Amlin PLC

     36,600         274,652   

Anglo American PLC

     57,854         869,149   

Antofagasta PLC

     80,892         879,617   

Ashmore Group PLC(a)

     29,559         124,840   

AstraZeneca PLC

     61,280         4,208,737   

Aviva PLC

     136,602         1,095,043   

BAE Systems PLC

     180,527         1,402,941   

Balfour Beatty PLC

     38,597         137,571   

BBA Aviation PLC

     29,726         148,536   

Berendsen PLC

     13,346         221,302   

Berkeley Group Holdings PLC

     7,744         303,379   

BHP Billiton PLC

     91,500         2,001,482   

BP PLC

     1,074,085         6,963,096   

British American Tobacco PLC

     88,946         4,606,230   

British Land Co. PLC (The)

     26,185         323,607   

Cable & Wireless Communications PLC

     216,714         196,084   

Carillion PLC(a)

     38,146         185,116   

Centrica PLC

     323,161         1,213,724   

Cobham PLC

     26,716         120,645   

Dairy Crest Group PLC

     12,768         83,872   

De La Rue PLC

     10,742         88,503   

Debenhams PLC

     111,396         124,522   

Devro PLC

     23,532         99,822   

Direct Line Insurance Group PLC

     44,390         210,211   

Electrocomponents PLC

     34,570         123,936   

Evraz PLC

     67,774         188,846   

G4S PLC

     64,077         281,372   

GlaxoSmithKline PLC

     278,225         6,385,371   

Greene King PLC(a)

     14,409         178,822   

Halfords Group PLC

     28,692         196,270   

Hargreaves Services PLC

     6,088         38,410   

HSBC Holdings PLC

     791,833         6,747,238   

ICAP PLC

     44,061         344,703   

 

See Notes to Financial Statements.

 

38   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

IG Group Holdings PLC

     16,854       $ 177,390   

Imperial Tobacco Group PLC

     49,070         2,158,382   

Inmarsat PLC

     20,114         276,347   

Interserve PLC

     19,496         167,863   

Intu Properties PLC

     23,484         121,320   

Investec PLC

     42,891         357,198   

J Sainsbury PLC(a)

     121,887         469,000   

Kier Group PLC

     8,472         199,718   

Ladbrokes PLC

     71,238         110,300   

Laird PLC

     43,653         217,673   

Legal & General Group PLC

     245,637         1,015,910   

Man Group PLC

     78,223         236,657   

Marks & Spencer Group PLC

     69,006         548,051   

Marston’s PLC

     40,633         91,867   

Melrose Industries PLC

     31,315         129,002   

Micro Focus International PLC

     16,050         281,388   

Moneysupermarket.com Group PLC

     20,267         81,023   

N Brown Group PLC

     12,709         60,033   

National Grid PLC

     213,689         2,743,015   

Old Mutual PLC

     171,630         565,877   

Pearson PLC

     39,859         858,567   

Pennon Group PLC

     20,586         252,425   

Persimmon PLC*

     19,077         470,959   

Premier Farnell PLC

     43,983         120,792   

Rexam PLC

     28,831         247,810   

Rio Tinto PLC

     64,199         2,641,813   

Royal Dutch Shell PLC Class A

     181,088         5,398,013   

Sage Group PLC (The)

     56,929         394,414   

Segro PLC

     45,439         281,217   

Severn Trent PLC

     12,318         376,510   

Sky PLC

     58,670         864,860   

Smiths Group PLC

     12,899         214,081   

SSE PLC

     59,179         1,316,012   

Standard Chartered PLC

     81,212         1,318,316   

Standard Life PLC

     69,432         490,208   

TalkTalk Telecom Group PLC(a)

     38,675         197,558   

Tate & Lyle PLC

     27,031         239,762   

Unilever PLC

     48,298         2,018,311   

United Utilities Group PLC

     38,417         532,091   

Vedanta Resources PLC(a)

     14,939         110,885   

Vodafone Group PLC

     2,302,295         7,534,450   

William Hill PLC

     32,549         179,215   

WM Morrison Supermarkets PLC

     217,392         624,461   
     

 

 

 
Total United Kingdom               77,727,044   

TOTAL COMMON STOCKS

(Cost: $318,280,145)

              335,185,610   
RIGHTS – 0.0%      
Spain – 0.0%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 4/14/15*

     230,390         33,157   

Telefonica S.A., expiring 4/10/15*

     250,747         40,395   

TOTAL RIGHTS

(Cost: $32,618)

              73,552   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree International LargeCap Dividend Fund(a)(b)

(Cost: $413,073)

     8,390       $ 409,180   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.1%      
United States – 9.1%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

(Cost: $30,542,908)(d)

     30,542,908         30,542,908   

TOTAL INVESTMENTS IN SECURITIES – 108.5%

(Cost: $349,268,744)

  

  

     366,211,250   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (8.5)%

        (28,591,179
     

 

 

 
NET ASSETS – 100.0%             $ 337,620,071   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $30,735,346 and the total market value of the collateral held by the Fund was $32,338,178. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $1,795,270. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      39   


Table of Contents

Schedule of Investments

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
Australia – 11.0%      

Adelaide Brighton Ltd.(a)

     114,445       $ 396,059   

AGL Energy Ltd.

     47,759         554,580   

Amcor Ltd.

     59,366         636,751   

AMP Ltd.

     208,407         1,025,329   

ASX Ltd.

     24,430         772,847   

Aurizon Holdings Ltd.

     140,430         520,315   

Australia & New Zealand Banking Group Ltd.

     237,557         6,649,489   

Bank of Queensland Ltd.

     47,625         501,723   

Bendigo & Adelaide Bank Ltd.

     52,040         498,937   

BHP Billiton Ltd.

     199,155         4,721,043   

Boral Ltd.

     49,074         239,187   

Brambles Ltd.

     60,533         532,733   

Brickworks Ltd.

     28,164         310,905   

Cabcharge Australia Ltd.(a)

     76,853         272,423   

Caltex Australia Ltd.

     15,926         425,225   

Cardno Ltd.(a)

     46,066         115,430   

Coca-Cola Amatil Ltd.(a)

     57,082         470,092   

Cochlear Ltd.(a)

     5,732         396,428   

Commonwealth Bank of Australia

     129,727         9,256,403   

Computershare Ltd.

     34,854         338,692   

Crown Resorts Ltd.(a)

     33,228         339,391   

CSL Ltd.

     9,522         670,112   

CSR Ltd.

     79,638         245,183   

Echo Entertainment Group Ltd.

     93,325         322,256   

ERM Power Ltd.

     127,634         221,339   

Flight Centre Travel Group Ltd.(a)

     9,519         288,336   

Fortescue Metals Group Ltd.(a)

     193,648         289,957   

GrainCorp Ltd. Class A(a)

     41,709         299,836   

Incitec Pivot Ltd.

     165,986         516,097   

Insurance Australia Group Ltd.

     240,255         1,119,611   

IOOF Holdings Ltd.(a)

     54,104         425,314   

JB Hi-Fi Ltd.(a)

     17,255         246,107   

Lend Lease Group

     43,293         550,346   

Macquarie Group Ltd.

     20,179         1,181,926   

McMillan Shakespeare Ltd.(a)

     18,081         164,375   

Metcash Ltd.(a)

     222,196         263,107   

Mineral Resources Ltd.(a)

     39,503         203,704   

MMG Ltd.(a)

     644,000         211,813   

Monadelphous Group Ltd.(a)

     24,462         186,691   

National Australia Bank Ltd.

     224,257         6,604,431   

Navitas Ltd.(a)

     52,697         197,264   

Pacific Brands Ltd.(a)

     476,601         167,486   

Perpetual Ltd.(a)

     8,984         377,620   

Platinum Asset Management Ltd.(a)

     85,090         508,335   

Primary Health Care Ltd.(a)

     81,490         342,399   

QBE Insurance Group Ltd.

     24,852         247,573   

Ramsay Health Care Ltd.

     12,049         618,933   

Rio Tinto Ltd.(a)

     5,233         228,791   

Santos Ltd.

     51,217         279,369   

Sonic Healthcare Ltd.(a)

     26,839         419,095   

Southern Cross Media Group Ltd.(a)

     297,839         261,664   

Suncorp Group Ltd.

     101,945         1,051,392   

Super Retail Group Ltd.(a)

     36,759       $ 269,868   

Tabcorp Holdings Ltd.

     131,564         476,410   

Tatts Group Ltd.

     210,757         640,811   

Telstra Corp., Ltd.

     1,211,687         5,840,968   

Toll Holdings Ltd.

     117,105         792,637   

Wesfarmers Ltd.

     87,083         2,924,530   

Westpac Banking Corp.

     279,885         8,420,160   

Woodside Petroleum Ltd.

     65,530         1,728,128   

Woolworths Ltd.(a)

     86,979         1,959,540   
     

 

 

 
Total Australia               70,737,496   
Austria – 0.4%      

Andritz AG

     4,508         269,580   

EVN AG

     18,231         205,004   

Oesterreichische Post AG

     7,690         378,265   

OMV AG

     18,653         512,052   

S IMMO AG*

     15,040         136,492   

UNIQA Insurance Group AG

     14,733         133,247   

Verbund AG(a)

     21,739         363,757   

Vienna Insurance Group AG Wiener Versicherung Gruppe

     6,690         296,024   

Voestalpine AG

     8,502         311,326   
     

 

 

 
Total Austria               2,605,747   
Belgium – 1.5%      

Ageas

     15,635         560,936   

Anheuser-Busch InBev N.V.

     47,121         5,759,183   

Belgacom S.A.(a)

     33,476         1,171,176   

D’ieteren S.A./N.V.

     4,066         142,448   

Delhaize Group S.A.

     4,658         418,825   

Elia System Operator S.A./N.V.

     8,216         345,724   

Melexis N.V.

     804         47,924   

N.V. Bekaert S.A.

     7,657         206,454   

Solvay S.A.

     3,217         464,878   

UCB S.A.

     7,542         545,542   

Umicore S.A.

     6,897         287,999   
     

 

 

 
Total Belgium               9,951,089   
China – 3.7%      

BOC Hong Kong Holdings Ltd.

     571,444         2,037,963   

China Merchants Holdings International Co., Ltd.

     96,294         376,951   

China Mobile Ltd.

     1,041,481         13,594,376   

China Overseas Land & Investment Ltd.

     201,175         649,994   

China Resources Enterprise Ltd.

     59,812         117,262   

China Resources Power Holdings Co., Ltd.

     188,000         471,876   

China Unicom Hong Kong Ltd.

     475,588         723,836   

CNOOC Ltd.

     2,260,700         3,195,810   

Dah Chong Hong Holdings Ltd.(a)

     303,000         149,291   

Fosun International Ltd.(a)

     254,500         493,043   

Guangdong Investment Ltd.

     110,000         144,150   

Lenovo Group Ltd.(a)

     317,003         462,847   

Poly Property Group Co., Ltd.

     705,000         342,813   

Shenzhen Investment Ltd.

     812,000         300,584   

Sino-Ocean Land Holdings Ltd.

     595,000         359,929   

Sun Art Retail Group Ltd.(a)

     347,000         302,107   

 

See Notes to Financial Statements.

 

40   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Yuexiu Property Co., Ltd.

     1,534,000       $ 300,744   
     

 

 

 
Total China               24,023,576   
Denmark – 1.1%      

Carlsberg A/S Class B(a)

     3,483         287,413   

Chr Hansen Holding A/S

     9,205         422,403   

Coloplast A/S Class B

     6,815         515,338   

IC Group A/S

     3,237         75,155   

Novo Nordisk A/S Class B

     67,784         3,625,021   

Novozymes A/S Class B

     6,969         318,594   

Pandora A/S

     3,787         344,891   

TDC A/S

     80,254         574,561   

Tryg A/S(a)

     5,522         651,352   
     

 

 

 
Total Denmark               6,814,728   
Finland – 1.1%      

Elisa Oyj(a)

     14,753         370,766   

Fortum Oyj(a)

     63,377         1,331,388   

Kone Oyj Class B(a)

     18,281         810,483   

Konecranes Oyj(a)

     9,876         311,840   

Lassila & Tikanoja Oyj

     10,423         193,437   

Metso Oyj(a)

     8,565         249,932   

Neste Oil Oyj(a)

     22,207         581,948   

Orion Oyj Class B(a)

     12,031         339,701   

Sampo Oyj Class A

     24,678         1,246,226   

Stora Enso Oyj Class R(a)

     39,047         402,171   

UPM-Kymmene Oyj

     42,682         830,629   

Wartsila Oyj Abp

     6,254         276,866   
     

 

 

 
Total Finland               6,945,387   
France – 9.9%      

Accor S.A.

     10,500         547,836   

Aeroports de Paris

     3,773         451,010   

Air Liquide S.A.

     9,989         1,285,236   

Airbus Group N.V.

     12,519         812,640   

Arkema S.A.

     3,399         269,153   

AXA S.A.

     126,017         3,174,452   

BioMerieux

     652         63,092   

BNP Paribas S.A.

     42,729         2,596,050   

Bourbon S.A.(a)

     1,332         22,818   

Bouygues S.A.

     19,255         755,642   

Bureau Veritas S.A.

     11,076         237,793   

Cap Gemini S.A.

     6,270         514,274   

Carrefour S.A.

     25,376         847,321   

Casino Guichard Perrachon S.A.

     5,280         468,004   

Christian Dior SE

     3,918         739,544   

Cie de Saint-Gobain

     22,724         998,066   

Cie Generale des Etablissements Michelin

     6,256         622,241   

CNP Assurances

     39,262         687,750   

Credit Agricole S.A.

     36,549         536,793   

Danone S.A.

     18,787         1,263,498   

Edenred

     11,892         296,502   

Eiffage S.A.

     3,716         221,021   

Electricite de France S.A.

     101,945         2,445,982   

Essilor International S.A.

     3,063         351,336   

Euler Hermes Group(a)

     2,829       $ 301,100   

Eutelsat Communications S.A.

     10,684         353,820   

GDF Suez

     208,688         4,125,128   

Imerys S.A.

     3,697         271,389   

Ipsen S.A.

     3,030         143,202   

IPSOS

     4,782         133,584   

Kering

     3,322         648,631   

Klepierre

     12,552         615,940   

Korian-Medica

     1,890         63,961   

L’Oreal S.A.

     12,403         2,282,522   

Lafarge S.A.

     4,394         284,801   

Legrand S.A.

     5,284         285,680   

LVMH Moet Hennessy Louis Vuitton SE

     13,799         2,432,723   

Metropole Television S.A.

     15,807         316,616   

Natixis S.A.

     140,923         1,053,556   

Neopost S.A.(a)

     3,651         200,568   

Nexity S.A.

     5,657         236,433   

Orange S.A.

     205,247         3,298,813   

Orpea(a)

     989         62,297   

Pernod Ricard S.A.

     5,677         671,595   

Publicis Groupe S.A.

     5,773         445,360   

Rallye S.A.

     7,539         283,553   

Remy Cointreau S.A.

     2,335         171,784   

Renault S.A.

     11,117         1,012,125   

Rexel S.A.

     17,617         332,341   

Safran S.A.

     9,543         666,197   

Sanofi

     55,490         5,478,682   

Schneider Electric SE

     21,753         1,690,292   

SCOR SE

     15,463         521,717   

Societe Generale S.A.

     23,480         1,134,032   

Societe Television Francaise 1

     24,615         436,202   

Sodexo S.A.

     4,965         484,129   

Suez Environnement Co.

     25,941         446,467   

Technip S.A.

     4,835         292,717   

Thales S.A.

     8,285         460,031   

Total S.A.(a)

     133,346         6,627,207   

Unibail-Rodamco SE(a)

     4,566         1,231,120   

Valeo S.A.

     3,766         562,413   

Vallourec S.A.(a)

     155         3,783   

Veolia Environnement S.A.

     7,333         138,729   

Vinci S.A.

     27,897         1,594,844   

Vivendi S.A.*

     85,850         2,132,191   
     

 

 

 
Total France               64,136,329   
Germany – 7.8%      

adidas AG

     5,206         412,019   

Allianz SE Registered Shares

     22,504         3,911,799   

BASF SE

     34,041         3,383,630   

Bayer AG Registered Shares

     20,718         3,114,045   

Bayerische Motoren Werke AG

     24,479         3,061,522   

Beiersdorf AG(a)

     5,281         458,848   

Bilfinger SE(a)

     4,683         271,646   

Brenntag AG

     5,265         315,301   

Celesio AG

     6,133         181,138   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      41   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Continental AG

     5,189       $ 1,227,729   

CropEnergies AG(a)

     46,491         139,808   

Daimler AG Registered Shares(a)

     45,892         4,422,612   

Deutsche Bank AG Registered Shares(a)

     12,261         426,127   

Deutsche Boerse AG

     9,583         782,820   

Deutsche Post AG Registered Shares

     42,999         1,343,634   

Deutsche Telekom AG Registered Shares

     218,670         4,004,218   

E.ON SE

     72,294         1,078,083   

Evonik Industries AG

     22,904         816,683   

Fielmann AG

     6,599         442,391   

Fraport AG Frankfurt Airport Services Worldwide

     3,795         226,901   

Freenet AG

     17,491         527,398   

Fresenius Medical Care AG & Co. KGaA

     5,231         435,177   

Fresenius SE & Co. KGaA

     8,401         501,570   

GEA Group AG

     7,221         349,301   

Hannover Rueck SE

     6,244         645,122   

Henkel AG & Co. KGaA

     5,716         590,447   

Hugo Boss AG

     4,240         515,713   

Infineon Technologies AG

     23,030         275,292   

Linde AG

     4,038         822,476   

MAN SE

     3,775         397,326   

Merck KGaA

     8,952         1,005,190   

MTU Aero Engines AG

     2,511         246,273   

Muenchener Rueckversicherungs-Gesellschaft AG Registered Shares

     8,819         1,901,424   

ProSiebenSat.1 Media AG Registered Shares

     12,793         627,972   

RWE AG

     16,259         415,250   

SAP SE

     26,673         1,934,518   

Siemens AG Registered Shares

     34,870         3,771,252   

Software AG

     4,671         121,654   

Suedzucker AG(a)

     6,594         80,734   

Symrise AG

     6,501         410,825   

Talanx AG

     14,007         439,346   

Telefonica Deutschland Holding AG*

     206,903         1,194,621   

United Internet AG Registered Shares

     4,888         222,614   

Volkswagen AG

     7,499         1,933,344   

VTG AG(a)

     10,781         264,691   

Wacker Chemie AG(a)

     1,674         193,721   

Wincor Nixdorf AG

     4,002         188,001   

Wirecard AG

     1,586         67,044   
     

 

 

 
Total Germany               50,099,250   
Hong Kong – 2.7%      

AIA Group Ltd.

     154,165         970,360   

Bank of East Asia Ltd. (The)

     117,058         465,783   

Cathay Pacific Airways Ltd.

     86,000         198,998   

China Power International Development Ltd.(a)

     714,000         373,897   

CK Hutchison Holdings Ltd.

     63,000         1,290,382   

CLP Holdings Ltd.

     125,500         1,096,681   

Dah Sing Banking Group Ltd.

     106,000         183,752   

Dah Sing Financial Holdings Ltd.

     34,800         206,025   

Hang Lung Properties Ltd.

     194,000         545,489   

Hang Seng Bank Ltd.

     93,400         1,692,586   

Henderson Land Development Co., Ltd.

     64,450       $ 452,635   

Hong Kong & China Gas Co., Ltd.

     270,168         625,149   

Hong Kong Exchanges and Clearing Ltd.

     31,800         779,306   

Hutchison Whampoa Ltd.

     144,000         1,998,491   

Hysan Development Co., Ltd.

     72,000         315,747   

MTR Corp., Ltd.

     228,500         1,087,527   

PCCW Ltd.

     527,088         321,567   

Power Assets Holdings Ltd.

     102,000         1,043,280   

Sino Land Co., Ltd.

     314,400         512,575   

SJM Holdings Ltd.(a)

     342,760         448,286   

Sun Hung Kai Properties Ltd.

     73,000         1,126,112   

Swire Properties Ltd.

     165,600         539,323   

Television Broadcasts Ltd.

     54,000         333,275   

Wharf Holdings Ltd. (The)

     99,000         691,450   
     

 

 

 
Total Hong Kong               17,298,676   
Ireland – 0.3%      

C&C Group PLC

     44,965         184,235   

CRH PLC

     10,302         267,633   

DCC PLC

     8,450         504,647   

Dragon Oil PLC

     42,693         368,331   

Kerry Group PLC Class A

     4,894         328,510   

Paddy Power PLC

     4,728         404,757   
     

 

 

 
Total Ireland               2,058,113   
Israel – 0.7%      

Bezeq Israeli Telecommunication Corp., Ltd.

     546,792         1,020,242   

Delek Automotive Systems Ltd.

     47,934         564,355   

Gazit-Globe Ltd.

     47,421         586,696   

Israel Chemicals Ltd.

     41,983         298,770   

Teva Pharmaceutical Industries Ltd.

     33,446         2,099,258   
     

 

 

 
Total Israel               4,569,321   
Italy – 2.6%      

Ansaldo STS SpA

     7,813         79,129   

Assicurazioni Generali SpA

     43,835         862,012   

Atlantia SpA

     44,375         1,165,256   

Banca Generali SpA

     18,451         578,044   

Davide Campari-Milano SpA

     14,805         103,274   

Enel Green Power SpA

     96,299         179,856   

Enel SpA

     386,587         1,748,799   

Eni SpA

     251,339         4,354,100   

ERG SpA

     20,127         263,072   

Hera SpA

     127,608         299,593   

Intesa Sanpaolo SpA

     443,700         1,508,706   

Iren SpA

     127,995         175,407   

Luxottica Group SpA

     6,653         422,288   

MARR SpA(a)

     12,666         216,972   

Mediolanum SpA(a)

     54,727         441,708   

Parmalat SpA

     75,241         201,052   

Pirelli & C. SpA

     25,159         417,741   

Recordati SpA

     4,151         77,572   

Reply SpA

     895         87,568   

Snam SpA

     248,682         1,207,221   

Societa Iniziative Autostradali e Servizi SpA

     28,037         325,809   

 

See Notes to Financial Statements.

 

42   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Telecom Italia SpA RSP

     304,115       $ 285,792   

Terna Rete Elettrica Nazionale SpA

     144,176         634,864   

Tod’s SpA(a)

     1,490         135,222   

UniCredit SpA

     122,781         834,717   
     

 

 

 
Total Italy               16,605,774   
Japan – 14.8%      

Aeon Co., Ltd.(a)

     27,100         298,060   

Aichi Steel Corp.

     62,000         295,201   

Aisin Seiki Co., Ltd.(a)

     9,500         345,383   

Ajinomoto Co., Inc.(a)

     18,000         395,422   

Amada Co., Ltd.(a)

     17,500         168,835   

ANA Holdings, Inc.

     41,000         110,017   

Aozora Bank Ltd.(a)

     162,000         575,460   

Asahi Group Holdings Ltd.

     15,500         492,885   

Asahi Holdings, Inc.

     10,400         178,385   

Asahi Kasei Corp.(a)

     38,000         364,078   

ASKUL Corp.

     2,300         54,218   

Astellas Pharma, Inc.

     70,700         1,159,910   

Axell Corp.

     15,500         203,952   

Azbil Corp.

     7,500         203,877   

Belluna Co., Ltd.

     35,000         171,607   

Bridgestone Corp.

     18,000         722,852   

Brother Industries Ltd.

     17,600         280,749   

Canon, Inc.

     60,500         2,143,039   

Central Japan Railway Co.

     2,700         489,568   

Chugai Pharmaceutical Co., Ltd.(a)

     9,000         284,053   

Chugoku Electric Power Co., Inc. (The)(a)

     15,800         206,319   

Dai Nippon Printing Co., Ltd.(a)

     31,000         301,922   

Dai-ichi Life Insurance Co., Ltd. (The)(a)

     27,133         394,919   

Daido Steel Co., Ltd.(a)

     35,000         157,015   

Daidoh Ltd.(a)

     29,100         124,723   

Daihatsu Motor Co., Ltd.(a)

     21,700         332,580   

Daiichi Sankyo Co., Ltd.(a)

     30,800         489,769   

Daikin Industries Ltd.

     4,900         328,750   

Daikyo, Inc.

     81,000         122,251   

Daito Trust Construction Co., Ltd.(a)

     3,800         425,391   

Daiwa House Industry Co., Ltd.

     18,100         357,850   

Daiwa Securities Group, Inc.

     80,000         631,061   

Dena Co., Ltd.(a)

     9,500         186,237   

Denki Kagaku Kogyo K.K.

     53,000         209,481   

Denso Corp.

     21,400         978,413   

Dynam Japan Holdings Co., Ltd.

     54,000         104,754   

Earth Chemical Co., Ltd.

     3,700         127,884   

East Japan Railway Co.(a)

     6,000         482,301   

Eisai Co., Ltd.(a)

     22,500         1,601,313   

Electric Power Development Co., Ltd.

     5,700         192,495   

FANUC Corp.

     3,300         722,326   

Fast Retailing Co., Ltd.(a)

     1,200         465,241   

Fuji Heavy Industries Ltd.

     15,200         505,843   

FUJIFILM Holdings Corp.

     16,200         577,689   

Future Architect, Inc.

     21,100         128,263   

Gurunavi, Inc.

     3,700         72,380   

Hitachi Construction Machinery Co., Ltd.(a)

     16,000         280,442   

Hitachi Ltd.(a)

     82,000       $ 562,872   

Honda Motor Co., Ltd.(a)

     51,400         1,672,831   

Hoya Corp.

     20,000         803,419   

Iida Group Holdings Co., Ltd.(a)

     10,400         129,908   

Internet Initiative Japan, Inc.(a)

     3,300         54,787   

Isuzu Motors Ltd.

     22,800         303,715   

ITOCHU Corp.(a)

     78,500         851,930   

Japan Airlines Co., Ltd.

     22,400         698,570   

Japan Exchange Group, Inc.

     6,600         191,795   

Japan Tobacco, Inc.

     59,144         1,874,311   

JFE Holdings, Inc.(a)

     24,000         531,132   

JGC Corp.(a)

     6,000         119,500   

Kajima Corp.(a)

     49,000         227,993   

Kao Corp.

     10,000         500,313   

Kawasaki Heavy Industries Ltd.(a)

     50,000         253,075   

KDDI Corp.

     65,406         1,483,736   

Keiyo Co., Ltd.(a)

     47,100         225,043   

Kikkoman Corp.(a)

     12,000         381,739   

Kirin Holdings Co., Ltd.

     30,300         398,442   

Kobe Steel Ltd.(a)

     227,000         420,213   

Kokuyo Co., Ltd.

     27,800         260,324   

Komatsu Ltd.

     31,600         622,514   

Kubota Corp.

     29,000         460,179   

Kyocera Corp.

     7,900         434,245   

Kyoei Steel Ltd.

     9,000         152,270   

Kyokuyo Co., Ltd.

     52,000         123,144   

KYORIN Holdings, Inc.

     6,100         146,186   

Kyoritsu Printing Co., Ltd.

     51,800         126,557   

Lawson, Inc.

     3,900         270,894   

LIXIL Group Corp.(a)

     9,100         216,033   

Makita Corp.(a)

     6,000         312,195   

Marubeni Corp.(a)

     92,400         536,255   

Marui Group Co., Ltd.(a)

     23,500         267,480   

Matsui Securities Co., Ltd.(a)

     28,300         257,691   

Medipal Holdings Corp.

     21,300         277,961   

Misawa Homes Co., Ltd.(a)

     18,600         162,387   

Mitsubishi Chemical Holdings Corp.

     84,400         491,656   

Mitsubishi Corp.(a)

     69,300         1,398,713   

Mitsubishi Electric Corp.

     34,000         404,995   

Mitsubishi Estate Co., Ltd.(a)

     14,000         325,353   

Mitsubishi Gas Chemical Co., Inc.(a)

     31,000         153,029   

Mitsubishi Heavy Industries Ltd.

     62,000         342,402   

Mitsubishi Materials Corp.(a)

     87,000         293,083   

Mitsubishi Motors Corp.(a)

     26,200         237,040   

Mitsubishi Tanabe Pharma Corp.

     19,500         335,285   

Mitsubishi UFJ Financial Group, Inc.

     446,500         2,768,914   

Mitsui & Co., Ltd.

     89,400         1,201,691   

Mitsui Fudosan Co., Ltd.

     9,000         264,878   

Mitsui Mining & Smelting Co., Ltd.

     82,000         187,350   

Mitsui OSK Lines Ltd.(a)

     55,000         187,117   

Mizuho Financial Group, Inc.(a)

     850,800         1,497,635   

Monex Group, Inc.(a)

     50,400         134,904   

MS&AD Insurance Group Holdings, Inc.(a)

     21,730         610,632   

Murata Manufacturing Co., Ltd.

     3,600         496,360   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      43   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Nagatanien Co., Ltd.

     23,000       $ 217,294   

Nakamuraya Co., Ltd.

     55,000         230,227   

Nexon Co., Ltd.

     18,700         199,591   

Nidec Corp.

     4,000         266,400   

Nihon Yamamura Glass Co., Ltd.

     193,000         276,806   

Nikon Corp.(a)

     16,300         218,828   

Nippon Beet Sugar Manufacturing Co., Ltd.

     71,000         117,223   

Nippon Electric Glass Co., Ltd.(a)

     36,000         176,210   

Nippon Express Co., Ltd.

     39,000         218,537   

Nippon Steel & Sumitomo Metal Corp.(a)

     243,000         612,946   

Nippon Telegraph & Telephone Corp.

     42,400         2,615,241   

Nishi-Nippon City Bank Ltd. (The)

     145,000         421,972   

Nissan Chemical Industries Ltd.

     19,600         406,791   

Nissan Motor Co., Ltd.

     168,900         1,723,857   

Nissin Foods Holdings Co., Ltd.

     4,900         241,476   

Nittetsu Mining Co., Ltd.

     66,000         244,903   

Nitto Denko Corp.

     2,000         133,917   

Nomura Holdings, Inc.

     122,600         721,952   

Nomura Real Estate Holdings, Inc.

     8,900         160,745   

NSK Ltd.

     14,000         205,228   

NTT DOCOMO, Inc.(a)

     175,455         3,051,169   

NTT Urban Development Corp.(a)

     17,500         175,401   

Oji Holdings Corp.(a)

     44,000         180,513   

Oracle Corp.

     7,100         306,083   

Oriental Land Co., Ltd.(a)

     7,600         576,377   

Osaka Gas Co., Ltd.

     63,000         264,083   

Panasonic Corp.(a)

     30,600         402,387   

Park24 Co., Ltd.(a)

     9,700         198,732   

Rengo Co., Ltd.(a)

     36,000         152,796   

Resona Holdings, Inc.

     105,200         523,346   

Ricoh Co., Ltd.

     27,900         304,300   

Rock Field Co., Ltd.

     16,000         344,615   

Saibu Gas Co., Ltd.

     73,000         164,353   

Sanrio Co., Ltd.(a)

     5,300         142,085   

Sanyo Special Steel Co., Ltd.

     38,000         159,700   

Sawai Pharmaceutical Co., Ltd.

     1,300         77,073   

Secom Co., Ltd.

     5,200         347,967   

Sega Sammy Holdings, Inc.(a)

     9,000         131,632   

Seino Holdings Co., Ltd.

     7,000         76,056   

Sekisui Chemical Co., Ltd.

     16,000         207,997   

Sekisui House Ltd.

     27,900         406,083   

Seven & I Holdings Co., Ltd.

     17,200         724,716   

Shin-Etsu Chemical Co., Ltd.

     6,600         432,020   

Shionogi & Co., Ltd.

     9,900         330,619   

Ship Healthcare Holdings, Inc.

     2,400         54,854   

Showa Denko K.K.

     161,000         205,403   

Showa Shell Sekiyu K.K.(a)

     31,200         285,659   

SMC Corp.

     1,000         298,895   

SoftBank Corp.

     7,800         453,984   

Sojitz Corp.(a)

     149,800         251,072   

Sompo Japan Nipponkoa Holdings, Inc.

     18,700         582,402   

St. Marc Holdings Co., Ltd.

     5,600         190,753   

Stanley Electric Co., Ltd.

     3,400         77,030   

Sumitomo Chemical Co., Ltd.

     60,000         309,193   

Sumitomo Corp.(a)

     59,800       $ 641,008   

Sumitomo Dainippon Pharma Co., Ltd.(a)

     10,200         121,116   

Sumitomo Electric Industries Ltd.

     27,700         363,790   

Sumitomo Forestry Co., Ltd.

     15,400         168,607   

Sumitomo Heavy Industries Ltd.

     22,000         144,374   

Sumitomo Metal Mining Co., Ltd.

     24,000         351,920   

Sumitomo Mitsui Financial Group, Inc.(a)

     48,100         1,845,588   

Sumitomo Mitsui Trust Holdings, Inc.(a)

     105,070         434,123   

Sumitomo Osaka Cement Co., Ltd.(a)

     21,000         64,615   

Sumitomo Realty & Development Co., Ltd.

     5,000         180,300   

Sumitomo Rubber Industries Ltd.

     16,400         303,316   

Suntory Beverage & Food Ltd.

     4,500         193,246   

Suruga Bank Ltd.

     3,000         62,414   

Suzuken Co., Ltd.

     4,070         124,382   

Suzuki Motor Corp.

     4,700         141,578   

Sysmex Corp.

     1,600         88,989   

Systena Corp.

     35,200         263,578   

T&D Holdings, Inc.

     26,700         368,356   

Taiheiyo Cement Corp.(a)

     20,000         61,205   

Taisei Corp.(a)

     54,000         305,741   

Taiyo Holdings Co., Ltd.

     4,800         169,106   

Taiyo Nippon Sanso Corp.(a)

     10,000         136,669   

Takashimaya Co., Ltd.(a)

     7,000         68,935   

Takeda Pharmaceutical Co., Ltd.(a)

     40,000         2,000,917   

Takuma Co., Ltd.

     16,000         125,679   

Teijin Ltd.

     57,000         193,921   

Terumo Corp.(a)

     9,000         237,899   

Toagosei Co., Ltd.

     47,000         215,159   

Tobu Railway Co., Ltd.(a)

     34,000         161,601   

Toda Corp.

     29,000         122,602   

Toho Co., Ltd.

     4,000         97,995   

Toho Zinc Co., Ltd.

     68,000         214,901   

Tokai Rika Co., Ltd.

     9,100         211,631   

Tokio Marine Holdings, Inc.

     17,500         662,279   

Tokyo Electron Ltd.

     3,000         209,681   

Tokyo Gas Co., Ltd.

     49,000         308,975   

Tokyo Tatemono Co., Ltd.

     7,000         51,365   

Tokyu Corp.

     20,000         124,078   

TonenGeneral Sekiyu K.K.

     26,000         224,824   

Toshiba Corp.(a)

     88,000         369,978   

TOTO Ltd.

     8,000         119,074   

Toyo Seikan Group Holdings Ltd.(a)

     16,000         235,080   

Toyo Suisan Kaisha Ltd.

     3,000         105,816   

Toyobo Co., Ltd.(a)

     73,000         98,612   

Toyoda Gosei Co., Ltd.

     15,600         349,398   

Toyota Motor Corp.(a)

     116,800         8,164,556   

Toyota Tsusho Corp.(a)

     17,900         475,393   

TS Tech Co., Ltd.

     5,000         135,293   

UACJ Corp.(a)

     47,000         130,115   

Ube Industries Ltd.

     164,000         257,094   

Unicharm Corp.

     3,600         94,619   

Union Tool Co.

     5,500         157,307   

Unipres Corp.

     4,000         81,718   

United Arrows Ltd.(a)

     1,500         44,653   

 

See Notes to Financial Statements.

 

44   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Ushio, Inc.

     8,100       $ 101,043   

USS Co., Ltd.

     28,360         491,408   

Wacoal Holdings Corp.

     16,000         180,379   

West Japan Railway Co.

     8,820         463,560   

Xebio Co., Ltd.(a)

     6,600         114,747   

Yahoo Japan Corp.(a)

     71,810         297,000   

Yakult Honsha Co., Ltd.(a)

     4,000         279,174   

Yamada Denki Co., Ltd.(a)

     22,300         92,045   

Yamagata Bank Ltd. (The)(a)

     37,000         157,040   

Yamaha Corp.

     6,900         121,056   

Yamanashi Chuo Bank Ltd. (The)

     44,000         192,987   

Yamato Kogyo Co., Ltd.

     8,000         193,721   

Yamazen Corp.

     29,600         243,612   

Yokogawa Electric Corp.(a)

     8,200         88,547   

Yokohama Reito Co., Ltd.(a)

     25,900         180,334   

Yokohama Rubber Co., Ltd. (The)

     20,000         206,796   

Yuasa Trading Co., Ltd.

     10,200         213,739   

Yusen Logistics Co., Ltd.

     15,300         189,711   

Zeon Corp.(a)

     12,000         111,069   
     

 

 

 
Total Japan               95,390,468   
Netherlands – 1.6%      

Aegon N.V.

     79,872         630,415   

Akzo Nobel N.V.

     7,484         566,023   

ASM International N.V.

     1,668         77,121   

ASML Holding N.V.(a)

     4,469         454,964   

Boskalis Westminster N.V.

     6,636         326,419   

Delta Lloyd N.V.

     22,393         421,838   

Heineken N.V.(a)

     12,173         928,632   

Koninklijke Ahold N.V.

     37,248         734,080   

Koninklijke DSM N.V.

     6,013         335,620   

Koninklijke Philips N.V.

     37,861         1,074,512   

Koninklijke Ten Cate N.V.(a)

     7,496         169,387   

Randstad Holding N.V.

     7,387         448,092   

Reed Elsevier N.V.

     40,531         1,009,467   

Unilever N.V. CVA(a)

     61,835         2,584,375   

Wessanen

     11,739         77,878   

Wolters Kluwer N.V.

     18,233         595,300   
     

 

 

 
Total Netherlands               10,434,123   
New Zealand – 0.5%      

Auckland International Airport Ltd.

     120,186         405,574   

Contact Energy Ltd.

     66,023         296,074   

Fisher & Paykel Healthcare Corp., Ltd.

     76,772         378,819   

Fletcher Building Ltd.

     37,683         237,937   

Mighty River Power Ltd.

     200,638         466,421   

Sky Network Television Ltd.(a)

     67,442         298,897   

Spark New Zealand Ltd.

     210,536         470,485   

Trade Me Group Ltd.

     68,372         189,707   

TrustPower Ltd.(a)

     41,370         246,636   

Vector Ltd.(a)

     171,184         395,382   
     

 

 

 
Total New Zealand               3,385,932   
Norway – 1.4%      

Aker ASA Class A

     10,694         234,206   

Atea ASA

     26,012         292,910   

DNB ASA

     41,999       $ 675,915   

Gjensidige Forsikring ASA

     45,138         779,642   

Marine Harvest ASA(a)

     50,591         580,983   

Norsk Hydro ASA

     84,663         445,318   

Orkla ASA

     57,621         435,781   

SpareBank 1 SMN(a)

     33,129         244,590   

Statoil ASA(a)

     146,796         2,601,093   

Telenor ASA

     83,123         1,680,180   

Tomra Systems ASA

     18,049         151,731   

Yara International ASA

     14,880         757,008   
     

 

 

 
Total Norway               8,879,357   
Portugal – 0.3%      

EDP-Energias de Portugal S.A.

     276,940         1,036,556   

Galp Energia, SGPS, S.A.

     26,349         284,827   

Jeronimo Martins, SGPS, S.A.

     22,996         288,963   

Mota-Engil, SGPS, S.A.

     16,487         60,912   

Sonae, SGPS, S.A.

     240,284         365,420   
     

 

 

 
Total Portugal               2,036,678   
Singapore – 2.2%      

Asian Pay Television Trust

     718,600         466,249   

CapitaLand Ltd.

     144,400         376,870   

CitySpring Infrastructure Trust(a)

     755,960         297,600   

ComfortDelGro Corp., Ltd.

     275,400         580,233   

Cosco Corp. Singapore Ltd.(a)

     510,000         187,760   

DBS Group Holdings Ltd.

     80,200         1,190,400   

GMG Global Ltd.

     4,791,800         244,533   

Hutchison Port Holdings Trust(a)

     917,836         637,896   

Jardine Cycle & Carriage Ltd.

     14,400         431,045   

Keppel Corp., Ltd.(a)

     102,700         673,835   

Oversea-Chinese Banking Corp., Ltd.

     169,529         1,306,351   

SATS Ltd.

     79,200         177,835   

Sembcorp Industries Ltd.

     88,600         272,576   

Sembcorp Marine Ltd.(a)

     161,700         344,218   

Singapore Airlines Ltd.

     31,400         273,551   

Singapore Post Ltd.(a)

     469,600         671,004   

Singapore Press Holdings Ltd.(a)

     138,400         422,757   

Singapore Technologies Engineering Ltd.

     146,400         371,417   

Singapore Telecommunications Ltd.

     750,000         2,394,839   

SMRT Corp., Ltd.

     139,400         162,601   

StarHub Ltd.

     90,600         287,315   

Super Group Ltd.(a)

     152,400         165,543   

Tat Hong Holdings Ltd.

     464,600         226,932   

United Overseas Bank Ltd.

     50,800         851,790   

Wilmar International Ltd.(a)

     214,600         510,021   

Wing Tai Holdings Ltd.(a)

     197,200         276,025   

Yanlord Land Group Ltd.(a)

     279,400         199,615   
     

 

 

 
Total Singapore               14,000,811   
Spain – 4.7%      

Abertis Infraestructuras S.A.(a)

     43,083         778,974   

ACS Actividades de Construccion y Servicios S.A.

     22,019         780,397   

Amadeus IT Holding S.A. Class A

     14,067         603,714   

Banco Bilbao Vizcaya Argentaria S.A.

     248,361         2,509,486   

Banco Santander S.A.

     1,150,000         8,666,694   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      45   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Bolsas y Mercados Espanoles SHMSF S.A.

     10,651       $ 474,497   

CaixaBank S.A.

     282,614         1,340,072   

Cie Automotive S.A.(a)

     5,207         77,426   

Enagas S.A.

     15,425         441,164   

Endesa S.A.

     55,629         1,075,420   

Ferrovial S.A.

     44,603         948,491   

Gas Natural SDG S.A.

     55,871         1,255,014   

Iberdrola S.A.

     258,656         1,667,334   

Inditex S.A.

     68,123         2,186,143   

Mapfre S.A.

     162,949         594,849   

Obrascon Huarte Lain S.A.(a)

     12,305         262,131   

Red Electrica Corp. S.A.

     5,927         482,130   

Repsol S.A.

     81,712         1,521,296   

Tecnicas Reunidas S.A.(a)

     4,001         168,016   

Telefonica S.A.

     319,893         4,555,672   
     

 

 

 
Total Spain               30,388,920   
Sweden – 3.6%      

AAK AB

     1,057         59,382   

Alfa Laval AB(a)

     17,619         346,290   

Assa Abloy AB Class B

     5,068         302,057   

Atlas Copco AB Class A(a)

     19,349         626,640   

Atlas Copco AB Class B

     20,938         618,862   

Axfood AB(a)

     6,549         345,901   

Axis Communications AB(a)

     6,276         247,575   

BillerudKorsnas AB

     26,664         430,381   

Boliden AB

     20,857         414,526   

Electrolux AB Series B(a)

     16,905         484,565   

Elekta AB Class B(a)

     14,522         130,418   

Fabege AB(a)

     26,631         382,293   

Gunnebo AB

     31,598         166,343   

Hennes & Mauritz AB Class B

     68,627         2,781,192   

Hexagon AB Class B

     12,504         444,539   

Husqvarna AB Class B

     34,376         249,129   

ICA Gruppen AB(a)

     5,416         181,558   

Indutrade AB

     2,184         100,159   

Investment AB Latour Class B

     16,371         469,069   

Mekonomen AB

     8,072         212,937   

NCC AB Class B(a)

     11,545         382,332   

Nordea Bank AB

     176,208         2,151,507   

Peab AB

     77,254         608,246   

Securitas AB Class B

     31,669         454,248   

Skandinaviska Enskilda Banken AB Class A

     99,109         1,159,559   

Skanska AB Class B

     31,484         706,049   

SKF AB Class B(a)

     19,359         500,135   

Svenska Cellulosa AB SCA Class B

     17,196         396,200   

Svenska Handelsbanken AB Class A

     21,646         977,127   

Swedbank AB Class A(a)

     73,527         1,757,169   

Swedish Match AB

     9,716         285,710   

Telefonaktiebolaget LM Ericsson Class B

     140,898         1,771,017   

TeliaSonera AB

     311,556         1,979,727   

Trelleborg AB Class B(a)

     23,907         472,926   

Volvo AB Class A

     42,852         520,243   

Volvo AB Class B

     33,616       $ 406,555   
     

 

 

 
Total Sweden               23,522,566   
Switzerland – 8.2%      

ABB Ltd. Registered Shares*

     100,599         2,136,680   

Actelion Ltd. Registered Shares*

     4,023         466,375   

Adecco S.A. Registered Shares*

     8,322         694,000   

Baloise Holding AG Registered Shares

     4,164         551,742   

BKW AG(a)

     7,156         249,756   

Cie Financiere Richemont S.A. Registered Shares

     7,540         607,827   

Clariant AG Registered Shares*

     28,265         565,707   

EFG International AG*

     18,403         227,361   

EMS-Chemie Holding AG Registered Shares

     767         312,904   

Geberit AG Registered Shares

     1,907         716,622   

Givaudan S.A. Registered Shares*

     398         721,997   

Holcim Ltd. Registered Shares*

     7,184         537,339   

Implenia AG Registered Shares

     2,559         168,088   

Julius Baer Group Ltd.*

     9,669         485,391   

Kuehne + Nagel International AG Registered Shares

     6,991         1,040,049   

Logitech International S.A. Registered Shares

     23,358         309,019   

Nestle S.A. Registered Shares

     117,707         8,894,980   

Novartis AG Registered Shares

     100,831         9,981,366   

Panalpina Welttransport Holding AG Registered Shares(a)

     685         100,074   

Partners Group Holding AG

     1,198         358,302   

Roche Holding AG Bearer Shares

     6,629         1,815,417   

Roche Holding AG Genusschein

     23,441         6,470,228   

Schindler Holding AG Participation Certificate

     3,270         544,720   

STMicroelectronics N.V.

     53,175         496,285   

Straumann Holding AG Registered Shares(a)

     792         216,897   

Sulzer AG Registered Shares

     2,346         258,439   

Swatch Group AG (The) Registered Shares

     5,416         454,447   

Swiss Life Holding AG Registered Shares*

     2,778         687,850   

Swiss Re AG

     43,240         4,189,112   

Swisscom AG Registered Shares

     2,750         1,598,245   

Syngenta AG Registered Shares

     3,531         1,202,205   

Tecan Group AG Registered Shares

     925         121,422   

Temenos Group AG*

     2,683         92,536   

Transocean Ltd.(a)

     13,627         197,257   

UBS Group AG*

     68,674         1,295,282   

Vontobel Holding AG Registered Shares

     10,961         465,501   

Zurich Insurance Group AG*

     11,009         3,732,383   
     

 

 

 
Total Switzerland               52,963,805   
United Kingdom – 18.9%      

Aberdeen Asset Management PLC

     70,985         484,314   

Admiral Group PLC

     8,018         182,112   

Aggreko PLC

     8,649         196,058   

Amec Foster Wheeler PLC

     24,759         332,814   

Amlin PLC

     79,329         595,297   

Anglo American PLC

     44,413         667,223   

Antofagasta PLC

     54,444         592,022   

ARM Holdings PLC

     20,404         334,702   

Ashmore Group PLC(a)

     65,807         277,930   

 

See Notes to Financial Statements.

 

46   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Associated British Foods PLC

     15,073       $ 630,552   

AstraZeneca PLC

     65,214         4,478,926   

Aviva PLC

     137,332         1,100,895   

Babcock International Group PLC

     25,289         369,597   

BAE Systems PLC

     211,440         1,643,177   

Balfour Beatty PLC(a)

     90,165         321,374   

Barclays PLC

     549,832         1,980,165   

Berendsen PLC

     33,955         563,038   

Berkeley Group Holdings PLC

     13,114         513,754   

BG Group PLC

     66,915         823,490   

BHP Billiton PLC

     113,198         2,476,107   

BP PLC

     1,176,820         7,629,108   

British American Tobacco PLC

     100,270         5,192,664   

British Land Co. PLC (The)

     33,192         410,202   

Britvic PLC

     8,045         87,720   

BT Group PLC

     294,809         1,916,882   

Burberry Group PLC

     17,182         442,031   

Capita PLC

     27,126         449,397   

Carillion PLC(a)

     45,090         218,814   

Carnival PLC

     8,381         410,075   

Centrica PLC

     350,554         1,316,606   

Close Brothers Group PLC

     26,103         604,111   

Compass Group PLC

     43,643         759,316   

Croda International PLC

     6,987         284,095   

Daily Mail & General Trust PLC Class A Non-Voting Shares

     30,405         399,230   

Darty PLC

     129,980         126,386   

Debenhams PLC

     186,286         208,236   

Devro PLC

     49,481         209,897   

Diageo PLC

     81,313         2,244,588   

Direct Line Insurance Group PLC

     126,391         598,532   

Drax Group PLC(a)

     27,468         148,385   

easyJet PLC

     13,993         390,941   

Electrocomponents PLC

     67,279         241,200   

Fidessa Group PLC

     6,739         220,689   

G4S PLC

     85,582         375,804   

GKN PLC

     73,994         393,901   

GlaxoSmithKline PLC

     311,482         7,148,632   

Halfords Group PLC

     34,185         233,845   

Hammerson PLC

     42,902         423,526   

Hays PLC

     169,596         384,194   

HSBC Holdings PLC

     1,103,907         9,406,431   

ICAP PLC

     61,430         480,587   

IG Group Holdings PLC

     34,556         363,706   

IMI PLC

     11,412         215,999   

Imperial Tobacco Group PLC

     56,701         2,494,037   

Inchcape PLC

     38,837         458,346   

Inmarsat PLC

     21,691         298,014   

InterContinental Hotels Group PLC

     5,892         230,388   

Intertek Group PLC

     5,530         205,068   

Intu Properties PLC

     67,628         349,371   

Investec PLC

     41,840         348,446   

ITV PLC

     184,995         694,527   

J D Wetherspoon PLC

     5,172         57,776   

J Sainsbury PLC(a)

     147,412       $ 567,216   

John Wood Group PLC

     30,576         288,227   

Johnson Matthey PLC

     8,092         406,746   

Kingfisher PLC

     92,084         520,276   

Legal & General Group PLC

     306,752         1,268,671   

London Stock Exchange Group PLC

     22,108         807,028   

Marks & Spencer Group PLC

     83,675         664,554   

Marston’s PLC

     113,337         256,243   

Meggitt PLC

     41,889         341,081   

Melrose Industries PLC

     71,300         293,720   

Mondi PLC

     23,143         445,938   

N Brown Group PLC(a)

     38,590         182,287   

National Grid PLC

     232,963         2,990,425   

Next PLC

     2,524         263,218   

Numis Corp. PLC

     15,041         53,030   

Old Mutual PLC

     285,751         942,143   

Pan African Resources PLC

     932,376         159,173   

PayPoint PLC

     4,766         58,016   

Pearson PLC

     51,180         1,102,423   

Persimmon PLC*

     22,307         550,699   

Prudential PLC

     78,626         1,951,565   

QinetiQ Group PLC

     41,990         118,996   

Reckitt Benckiser Group PLC

     28,607         2,463,093   

Reed Elsevier PLC

     38,090         655,352   

Restaurant Group PLC (The)

     9,723         97,212   

Rexam PLC

     42,113         361,972   

Rio Tinto PLC

     77,856         3,203,803   

Rolls-Royce Holdings PLC*

     25,662         363,048   

Royal Dutch Shell PLC Class A

     204,164         6,085,880   

Royal Dutch Shell PLC Class B

     139,536         4,347,897   

SABMiller PLC

     8,145         428,031   

Sage Group PLC (The)

     68,804         476,686   

Savills PLC

     9,453         113,948   

Schroders PLC Non-Voting Shares

     8,478         305,704   

Segro PLC

     68,879         426,284   

Severn Trent PLC

     16,469         503,389   

Sky PLC

     79,353         1,169,750   

Smith & Nephew PLC

     22,237         377,644   

Smiths Group PLC

     19,911         330,457   

SSE PLC

     64,125         1,426,001   

Standard Chartered PLC

     122,252         1,984,519   

Standard Life PLC

     101,281         715,076   

TalkTalk Telecom Group PLC(a)

     68,189         348,321   

Tate & Lyle PLC

     31,169         276,466   

Ultra Electronics Holdings PLC

     7,523         190,636   

Unilever PLC

     54,415         2,273,932   

United Utilities Group PLC

     49,113         680,235   

Victrex PLC

     6,266         174,410   

Vodafone Group PLC

     2,599,137         8,505,891   

Weir Group PLC (The)

     10,189         257,286   

WH Smith PLC

     22,526         434,384   

Whitbread PLC

     8,877         691,182   

William Hill PLC

     52,978         291,698   

WM Morrison Supermarkets PLC

     146,243         420,084   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      47   


Table of Contents

Schedule of Investments (concluded)

WisdomTree DEFA Fund (DWM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

WS Atkins PLC

     5,327       $ 100,984   
     

 

 

 
Total United Kingdom               122,348,180   

TOTAL COMMON STOCKS

(Cost: $563,025,008)

              639,196,326   
RIGHTS – 0.0%      
Spain – 0.0%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 4/14/15*

     246,367         35,456   

Telefonica S.A., expiring 4/10/15*

     317,325         51,121   

TOTAL RIGHTS

(Cost: $34,880)

              86,577   
EXCHANGE-TRADED FUND – 0.3%      
United States – 0.3%      

WisdomTree International Dividend ex-Financials Fund(a)(b)

     
(Cost: $1,934,975)      44,119         1,935,496   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.4%      
United States – 8.4%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $54,527,660)(d)      54,527,660         54,527,660   

TOTAL INVESTMENTS IN SECURITIES – 107.7%

(Cost: $619,522,523)

  

  

     695,746,059   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (7.7)%

        (49,913,774
     

 

 

 
NET ASSETS – 100.0%             $ 645,832,285   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $54,207,089 and the total market value of the collateral held by the Fund was $57,503,604. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $2,975,944. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

48   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Europe Dividend Growth Fund (EUDG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
Austria – 0.2%      

ams AG

     200       $ 9,606   

Vienna Insurance Group AG Wiener Versicherung Gruppe

     459         20,310   
     

 

 

 
Total Austria               29,916   
Belgium – 4.2%      

Anheuser-Busch InBev N.V.

     3,679         449,652   

Melexis N.V.

     210         12,517   

Umicore S.A.

     481         20,085   
     

 

 

 
Total Belgium               482,254   
Denmark – 3.0%      

AP Moeller – Maersk A/S Class B

     21         43,896   

DSV A/S

     326         10,137   

Novo Nordisk A/S Class B

     4,625         247,340   

Novozymes A/S Class B

     318         14,538   

Pandora A/S

     297         27,049   
     

 

 

 
Total Denmark               342,960   
Finland – 0.7%      

Kone Oyj Class B

     1,703         75,502   

Metso Oyj(a)

     142         4,144   

YIT Oyj(a)

     927         5,092   
     

 

 

 
Total Finland               84,738   
France – 8.1%      

Air Liquide S.A.

     823         105,892   

Airbus Group N.V.

     1,095         71,079   

BioMerieux

     77         7,451   

Carrefour S.A.

     1,651         55,128   

Dassault Systemes

     287         19,462   

Essilor International S.A.

     276         31,658   

Eutelsat Communications S.A.

     1,030         34,110   

L’Oreal S.A.

     1,119         205,930   

LVMH Moet Hennessy Louis Vuitton SE

     1,037         182,820   

Metropole Television S.A.

     874         17,506   

Plastic Omnium S.A.

     184         4,858   

Publicis Groupe S.A.

     394         30,395   

Safran S.A.

     950         66,320   

Societe BIC S.A.

     164         23,338   

Technip S.A.

     272         16,467   

Teleperformance

     144         9,869   

Valeo S.A.

     180         26,881   

Vallourec S.A.

     46         1,123   

Vicat

     148         10,839   

Zodiac Aerospace

     470         15,562   
     

 

 

 
Total France               936,688   
Germany – 16.4%      

adidas AG

     386         30,549   

BASF SE

     2,860         284,280   

Bayer AG Registered Shares

     1,531         230,119   

Bayerische Motoren Werke AG

     1,568         196,106   

Bilfinger SE(a)

     172         9,977   

Brenntag AG

     307         18,385   

Carl Zeiss Meditec AG Bearer Shares

     194       $ 5,072   

Continental AG

     380         89,909   

Deutsche Post AG Registered Shares

     2,295         71,714   

Duerr AG

     80         8,807   

Evonik Industries AG

     1,600         57,051   

Fielmann AG

     280         18,771   

Freenet AG

     746         22,494   

Fresenius Medical Care AG & Co. KGaA

     472         39,267   

Fresenius SE & Co. KGaA

     517         30,867   

Hamburger Hafen und Logistik AG

     330         6,927   

Henkel AG & Co. KGaA

     374         38,633   

Hugo Boss AG

     250         30,408   

Infineon Technologies AG

     1,760         21,038   

Leoni AG

     160         10,133   

MTU Aero Engines AG

     134         13,142   

Pfeiffer Vacuum Technology AG

     48         4,080   

ProSiebenSat.1 Media AG Registered Shares

     862         42,313   

Rhoen Klinikum AG

     329         8,173   

SAP SE

     2,035         147,593   

Siemens AG Registered Shares

     2,690         290,928   

Symrise AG

     260         16,431   

United Internet AG Registered Shares

     300         13,663   

Volkswagen AG

     553         142,571   
     

 

 

 
Total Germany               1,899,401   
Ireland – 0.4%      

Dragon Oil PLC

     1,410         12,165   

Greencore Group PLC

     1,550         7,418   

Kerry Group PLC Class A

     144         9,666   

Paddy Power PLC

     184         15,752   
     

 

 

 
Total Ireland               45,001   
Italy – 4.4%      

Atlantia SpA

     3,400         89,281   

DiaSorin SpA

     150         6,594   

Eni SpA

     19,020         329,495   

Luxottica Group SpA

     741         47,034   

MARR SpA

     412         7,058   

Pirelli & C. SpA

     1,185         19,676   

Recordati SpA

     576         10,764   
     

 

 

 
Total Italy               509,902   
Netherlands – 4.2%      

ASML Holding N.V.

     381         38,787   

Brunel International N.V.(a)

     187         3,575   

Gemalto N.V.

     53         4,222   

Heineken N.V.

     928         70,793   

Koninklijke Ahold N.V.

     2,191         43,180   

Koninklijke DSM N.V.

     604         33,713   

Koninklijke Vopak N.V.(a)

     337         18,604   

Reed Elsevier N.V.

     2,182         54,345   

Unilever N.V. CVA(a)

     5,361         224,061   
     

 

 

 
Total Netherlands               491,280   
Norway – 3.6%      

Salmar ASA

     900         12,954   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      49   


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Dividend Growth Fund (EUDG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Statoil ASA

     11,493       $ 203,646   

Telenor ASA

     6,091         123,118   

TGS Nopec Geophysical Co. ASA(a)

     282         6,257   

Wilh. Wilhelmsen ASA

     940         5,587   

Yara International ASA

     1,408         71,631   
     

 

 

 
Total Norway               423,193   
Portugal – 0.2%      

Jeronimo Martins, SGPS, S.A.

     1,525         19,163   

Mota-Engil, SGPS, S.A.

     247         912   
     

 

 

 
Total Portugal               20,075   
Spain – 2.8%      

Amadeus IT Holding S.A. Class A

     258         11,073   

Distribuidora Internacional de Alimentacion S.A.

     1,582         12,379   

Inditex S.A.

     6,366         204,292   

Indra Sistemas S.A.(a)

     848         9,955   

Obrascon Huarte Lain S.A.(a)

     44         937   

Prosegur Cia de Seguridad S.A.

     1,437         8,180   

Red Electrica Corp. S.A.

     600         48,807   

Tecnicas Reunidas S.A.

     167         7,013   

Viscofan S.A.

     156         9,533   

Zardoya Otis S.A.(a)

     994         12,821   
     

 

 

 
Total Spain               324,990   
Sweden – 4.5%      

Alfa Laval AB

     931         18,298   

Atlas Copco AB Class A

     784         25,391   

Atlas Copco AB Class B

     2,738         80,927   

Axfood AB(a)

     283         14,947   

Axis Communications AB

     250         9,862   

Betsson AB*

     222         8,335   

Boliden AB

     1,020         20,272   

Elekta AB Class B(a)

     868         7,795   

Hennes & Mauritz AB Class B

     5,748         232,945   

Hexagon AB Class B

     470         16,709   

ICA Gruppen AB(a)

     727         24,371   

Indutrade AB

     158         7,246   

Intrum Justitia AB

     264         7,408   

JM AB

     370         12,322   

Meda AB Class A

     540         8,547   

Skanska AB Class B

     1,232         27,629   
     

 

 

 
Total Sweden               523,004   
Switzerland – 24.3%      

ABB Ltd. Registered Shares*

     7,528         159,892   

Actelion Ltd. Registered Shares*

     200         23,185   

Adecco S.A. Registered Shares*

     570         47,534   

Aryzta AG*

     94         5,782   

Cie Financiere Richemont S.A. Registered Shares

     604         48,691   

EMS-Chemie Holding AG Registered Shares

     77         31,413   

Galenica AG Registered Shares(a)

     17         14,877   

Geberit AG Registered Shares

     100         37,579   

Givaudan S.A. Registered Shares*

     31         56,236   

Nestle S.A. Registered Shares

     8,535         644,980   

Novartis AG Registered Shares

     7,636         755,896   

Partners Group Holding AG

     86       $ 25,721   

Roche Holding AG Bearer Shares

     477         130,631   

Roche Holding AG Genusschein

     1,877         518,093   

Schindler Holding AG Participation Certificate

     224         37,314   

SGS S.A. Registered Shares

     26         49,789   

Sonova Holding AG Registered Shares

     120         16,716   

Straumann Holding AG Registered Shares

     50         13,693   

Swatch Group AG (The) Bearer Shares

     48         20,365   

Swisscom AG Registered Shares

     212         123,210   

Syngenta AG Registered Shares

     151         51,411   
     

 

 

 
Total Switzerland               2,813,008   
United Kingdom – 22.7%      

Aberdeen Asset Management PLC

     3,066         20,919   

Admiral Group PLC

     620         14,082   

Aggreko PLC

     383         8,682   

Amec Foster Wheeler PLC

     840         11,291   

ARM Holdings PLC

     530         8,694   

Babcock International Group PLC

     587         8,579   

Bellway PLC

     271         7,970   

Berkeley Group Holdings PLC

     586         22,957   

BG Group PLC

     3,088         38,003   

BHP Billiton PLC

     4,231         92,549   

BP PLC

     52,115         337,852   

British American Tobacco PLC

     4,785         247,800   

Capita PLC

     1,193         19,764   

Daily Mail & General Trust PLC Class A Non-Voting Shares

     606         7,957   

Diageo PLC

     4,054         111,908   

esure Group PLC

     1,332         4,160   

Fresnillo PLC

     630         6,383   

GKN PLC

     2,190         11,658   

GlaxoSmithKline PLC

     14,906         342,098   

Halma PLC

     708         7,341   

Hammerson PLC

     1,847         18,233   

Hargreaves Lansdown PLC

     640         10,945   

Hays PLC

     2,977         6,744   

IMI PLC

     539         10,202   

Inchcape PLC

     1,042         12,297   

ITV PLC

     5,087         19,098   

Jardine Lloyd Thompson Group PLC

     670         10,414   

John Wood Group PLC

     549         5,175   

Jupiter Fund Management PLC

     1,121         6,806   

London Stock Exchange Group PLC

     494         18,033   

Marks & Spencer Group PLC

     4,256         33,802   

Melrose Industries PLC

     2,576         10,612   

Michael Page International PLC

     893         6,913   

Micro Focus International PLC

     423         7,416   

Morgan Advanced Materials PLC

     1,179         5,960   

Next PLC

     88         9,177   

Persimmon PLC*

     1,017         25,107   

Prudential PLC

     2,787         69,176   

Reckitt Benckiser Group PLC

     1,225         105,474   

Reed Elsevier PLC

     2,180         37,508   

 

See Notes to Financial Statements.

 

50   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Dividend Growth Fund (EUDG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Rolls-Royce Holdings PLC*

     2,442       $ 34,548   

Rotork PLC

     194         7,137   

Royal Dutch Shell PLC Class A

     10,826         322,710   

Royal Dutch Shell PLC Class B

     5,036         156,920   

SABMiller PLC

     564         29,639   

Sage Group PLC (The)

     2,347         16,260   

Sky PLC

     3,772         55,603   

Smith & Nephew PLC

     1,550         26,323   

Smiths Group PLC

     1,065         17,676   

Spectris PLC

     180         5,772   

Spirax-Sarco Engineering PLC

     201         10,175   

Tate & Lyle PLC

     1,502         13,323   

Travis Perkins PLC

     410         11,869   

Unilever PLC

     2,735         114,292   

Vesuvius PLC

     939         6,846   

Weir Group PLC (The)

     259         6,540   

WH Smith PLC

     336         6,479   

Whitbread PLC

     210         16,351   

William Hill PLC

     2,305         12,691   
     

 

 

 
Total United Kingdom               2,630,893   

TOTAL COMMON STOCKS

(Cost: $12,629,924)

              11,557,303   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%      
United States – 0.9%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $108,251)(c)      108,251         108,251   
TOTAL INVESTMENTS IN SECURITIES – 100.6%
(Cost: $12,738,175)
        11,665,554   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.6)%

        (74,972
     

 

 

 
NET ASSETS – 100.0%             $ 11,590,582   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $123,854 and the total market value of the collateral held by the Fund was $130,141. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $21,890. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      51   


Table of Contents

Schedule of Investments

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
Austria – 0.7%      

Andritz AG(a)

     441,443       $ 26,398,424   

Lenzing AG(a)

     295,279         19,858,652   

RHI AG(a)

     376,266         11,072,602   

Vienna Insurance Group AG Wiener Versicherung Gruppe

     1,389,327         61,476,032   
     

 

 

 
Total Austria               118,805,710   
Belgium – 8.4%      

Anheuser-Busch InBev N.V.

     9,377,951         1,146,184,051   

Delhaize Group S.A.

     1,096,083         98,554,578   

Melexis N.V.

     285,967         17,045,629   

N.V. Bekaert S.A.(a)

     629,539         16,974,110   

Solvay S.A.(a)

     804,016         116,185,661   

UCB S.A.(a)

     1,077,916         77,969,843   
     

 

 

 
Total Belgium               1,472,913,872   
Finland – 3.0%      

Amer Sports Oyj

     1,104,694         23,728,819   

Cargotec Oyj Class B(a)

     383,403         13,259,145   

Huhtamaki Oyj

     1,005,988         31,278,471   

Kemira Oyj(a)

     2,328,579         28,860,306   

Kone Oyj Class B(a)

     5,395,451         239,205,731   

Konecranes Oyj(a)

     936,838         29,581,212   

Metso Oyj(a)

     1,843,779         53,802,523   

Outotec Oyj(a)

     1,656,737         10,142,209   

Tikkurila Oyj

     605,514         11,569,225   

Wartsila Oyj Abp(a)

     1,792,554         79,356,842   
     

 

 

 
Total Finland               520,784,483   
France – 26.0%      

Airbus Group N.V.

     3,881,763         251,975,092   

Arkema S.A.

     432,721         34,265,443   

Bourbon S.A.(a)

     434,857         7,449,228   

Bureau Veritas S.A.

     2,788,331         59,863,384   

Casino Guichard Perrachon S.A.

     1,016,337         90,085,257   

Christian Dior SE

     914,247         172,569,093   

Cie Generale des Etablissements Michelin

     1,350,022         134,277,383   

Danone S.A.

     4,720,150         317,448,298   

Dassault Systemes

     600,801         40,741,720   

Edenred

     2,095,981         52,258,889   

Essilor International S.A.

     714,341         81,937,172   

Ingenico(a)

     175,387         19,269,798   

IPSOS

     311,841         8,711,194   

Kering

     784,659         153,207,131   

L’Oreal S.A.

     3,006,983         553,374,600   

Lafarge S.A.

     1,178,303         76,372,745   

Legrand S.A.

     1,662,505         89,883,570   

LVMH Moet Hennessy Louis Vuitton SE(a)

     2,911,223         513,240,005   

Neopost S.A.(a)

     609,087         33,460,244   

Pernod Ricard S.A.

     1,368,192         161,858,566   

Publicis Groupe S.A.

     1,000,434         77,178,876   

Rallye S.A.

     578,724         21,766,659   

Remy Cointreau S.A.(a)

     290,935         21,403,790   

Rubis SCA(a)

     402,351       $ 25,542,899   

Safran S.A.

     2,577,529         179,937,241   

Sanofi

     8,057,344         795,524,035   

Schneider Electric SE

     4,188,434         325,457,551   

SEB S.A.

     259,891         18,729,143   

Societe BIC S.A.

     316,061         44,977,046   

Sodexo S.A.

     893,788         87,151,863   

Technip S.A.

     763,444         46,219,938   

Teleperformance

     285,906         19,593,686   

Vallourec S.A.(a)

     875,475         21,367,405   

Zodiac Aerospace(a)

     1,000,534         33,129,091   
     

 

 

 
Total France               4,570,228,035   
Germany – 26.4%      

Aareal Bank AG

     366,065         15,448,974   

adidas AG(a)

     999,696         79,118,975   

Bayer AG Registered Shares

     4,218,947         634,134,107   

Bayerische Motoren Werke AG

     4,338,617         542,618,937   

Brenntag AG

     755,786         45,261,167   

Daimler AG Registered Shares(a)

     8,743,158         842,578,037   

Duerr AG

     204,709         22,535,383   

E.ON SE

     21,037,533         313,721,898   

Fresenius Medical Care AG & Co. KGaA

     1,285,375         106,932,934   

Fresenius SE & Co. KGaA

     1,588,695         94,850,875   

GEA Group AG(a)

     855,369         41,376,717   

Hannover Rueck SE

     1,334,596         137,888,812   

HeidelbergCement AG

     456,717         36,204,831   

Henkel AG & Co. KGaA

     916,428         94,664,526   

Hochtief AG(a)

     412,701         31,283,931   

Infineon Technologies AG

     3,478,033         41,575,071   

K+S AG Registered Shares

     499,604         16,317,231   

Krones AG

     109,280         11,376,352   

LANXESS AG(a)

     243,614         12,983,952   

Linde AG

     908,842         185,116,604   

Merck KGaA

     1,645,276         184,742,552   

MTU Aero Engines AG

     265,881         26,076,983   

NORMA Group SE

     147,532         7,425,727   

SAP SE(a)

     5,470,859         396,786,065   

Siemens AG Registered Shares

     6,156,902         665,879,817   

Software AG(a)

     364,720         9,498,947   

Symrise AG

     531,110         33,563,039   

Wacker Chemie AG(a)

     73,959         8,558,792   
     

 

 

 
Total Germany               4,638,521,236   
Ireland – 0.1%      

Glanbia PLC

     1,047,985         19,432,371   
Italy – 2.2%      

Buzzi Unicem SpA(a)

     948,784         14,214,962   

Danieli & C. Officine Meccaniche SpA

     552,059         13,737,752   

Davide Campari-Milano SpA(a)

     4,896,334         34,155,003   

Interpump Group SpA

     1,338,467         21,749,573   

Luxottica Group SpA

     2,728,628         173,195,240   

Parmalat SpA

     6,301,603         16,838,583   

Pirelli & C. SpA

     4,694,753         77,951,841   

 

See Notes to Financial Statements.

 

52   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Salvatore Ferragamo SpA(a)

     1,357,976       $ 43,491,449   
     

 

 

 
Total Italy               395,334,403   
Netherlands – 14.0%      

Akzo Nobel N.V.

     2,101,812         158,962,260   

Arcadis N.V.

     626,109         20,119,430   

ASM International N.V.

     352,868         16,315,094   

ASML Holding N.V.(a)

     1,414,004         143,951,867   

Boskalis Westminster N.V.

     1,266,202         62,283,443   

Brunel International N.V.(a)

     426,223         8,148,188   

Corbion N.V.

     331,469         6,294,037   

Gemalto N.V.(a)

     156,435         12,461,386   

Heineken N.V.

     3,095,116         236,114,623   

Koninklijke Ahold N.V.

     11,078,569         218,335,259   

Koninklijke DSM N.V.

     2,027,428         113,162,438   

Koninklijke Philips N.V.

     11,163,817         316,834,047   

Koninklijke Vopak N.V.(a)

     1,090,459         60,197,243   

Reed Elsevier N.V.

     7,544,043         187,892,326   

Unilever N.V. CVA

     18,649,997         779,470,962   

Wolters Kluwer N.V.

     3,345,110         109,216,468   
     

 

 

 
Total Netherlands               2,449,759,071   
Portugal – 0.4%      

Jeronimo Martins, SGPS, S.A.(a)

     5,283,644         66,393,192   
Spain – 17.1%      

Abengoa S.A. Class B(a)

     6,950,887         25,232,546   

Acerinox S.A.(a)

     3,064,023         51,418,119   

ACS Actividades de Construccion y Servicios S.A.

     4,814,229         170,625,849   

Banco Bilbao Vizcaya Argentaria S.A.

     73,361,902         741,262,502   

Banco Santander S.A.

     108,900,068         820,698,741   

Duro Felguera S.A.

     2,618,475         10,320,925   

Grifols S.A. Class A(a)

     349,757         15,018,043   

Mapfre S.A.

     43,312,501         158,113,359   

Obrascon Huarte Lain S.A.(a)

     863,026         18,384,856   

Prosegur Cia de Seguridad S.A.(a)

     4,432,507         25,230,708   

Tecnicas Reunidas S.A.(a)

     669,074         28,096,683   

Telefonica S.A.

     65,397,315         931,338,555   
     

 

 

 
Total Spain               2,995,740,886   
Switzerland – 0.7%      

STMicroelectronics N.V.(a)

     12,502,604         116,687,515   
TOTAL COMMON STOCKS
(Cost: $17,091,532,562)
              17,364,600,774   
PREFERRED STOCK – 0.0%      
Spain – 0.0%      
Grifols S.A., Class B(a)
(Cost: $8,550,165)
     247,898         8,297,443   
RIGHTS – 0.1%      
Spain – 0.1%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 4/14/15*(a)

     69,481,706         9,999,526   

Telefonica S.A., expiring 4/10/15*

     61,078,935         9,839,813   
TOTAL RIGHTS
(Cost: $9,836,982)
              19,839,339   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.9%      
United States – 4.9%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

(Cost: $858,250,696)(c)

     858,250,696       $ 858,250,696   
TOTAL INVESTMENTS IN SECURITIES – 104.0%
(Cost: $17,968,170,405)
         18,250,988,252   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.0)%

        (706,503,564
     

 

 

 
NET ASSETS – 100.0%             $ 17,544,484,688   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $836,848,771 and the total market value of the collateral held by the Fund was $879,341,639. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $21,090,943. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

CVA - Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      53   


Table of Contents

Schedule of Investments

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
Austria – 2.5%      

CAT Oil AG

     8,783       $ 98,150   

Lenzing AG

     9,452         635,683   

Oesterreichische Post AG

     18,593         914,575   

POLYTEC Holding AG

     11,084         96,424   

RHI AG

     13,312         391,740   

Telekom Austria AG

     34,369         246,205   

UNIQA Insurance Group AG

     70,384         636,564   

Wienerberger AG

     11,596         185,192   
     

 

 

 
Total Austria               3,204,533   
Belgium – 7.6%      

Ackermans & van Haaren N.V.

     5,848         685,544   

Barco N.V.

     4,035         240,167   

bpost S.A.

     100,547         2,819,012   

Cofinimmo S.A.

     11,099         1,301,103   

D’ieteren S.A./N.V.

     10,626         372,270   

Econocom Group S.A./N.V.

     18,012         142,688   

Elia System Operator S.A./N.V.

     14,644         616,209   

EVS Broadcast Equipment S.A.

     8,201         304,884   

Exmar N.V.

     36,943         377,723   

Fagron

     6,361         247,684   

Melexis N.V.

     8,918         531,575   

N.V. Bekaert S.A.

     18,613         501,858   

Umicore S.A.

     34,547         1,442,583   
     

 

 

 
Total Belgium               9,583,300   
Finland – 13.4%      

Amer Sports Oyj

     31,369         673,806   

Cargotec Oyj Class B

     9,312         322,035   

Caverion Corp.

     36,679         371,872   

Cramo Oyj

     16,430         293,273   

Elisa Oyj

     95,851         2,408,888   

F-Secure Oyj

     37,182         107,421   

Huhtamaki Oyj

     30,953         962,400   

Kemira Oyj

     69,221         857,922   

Kesko Oyj Class B

     31,155         1,330,722   

Konecranes Oyj

     26,879         848,720   

Lassila & Tikanoja Oyj

     14,896         276,451   

Metsa Board Oyj

     76,885         472,326   

Metso Oyj(a)

     52,401         1,529,091   

Nokian Renkaat Oyj

     63,864         1,910,229   

Orion Oyj Class B

     45,740         1,291,490   

Outotec Oyj

     44,380         271,685   

PKC Group Oyj

     8,298         184,301   

Raisio Oyj Class V

     34,757         150,436   

Ramirent Oyj

     45,543         323,316   

Sanoma Oyj

     30,565         168,402   

Tieto Oyj

     30,102         708,017   

Tikkurila Oyj

     18,256         348,807   

Uponor Oyj

     20,366         344,501   

Valmet Oyj

     25,728         308,372   

YIT Oyj

     61,479         337,735   
     

 

 

 
Total Finland               16,802,218   
France – 18.2%      

Albioma S.A.

     9,268       $ 177,079   

Altamir

     14,118         175,888   

Alten S.A.

     7,134         327,279   

Altran Technologies S.A.

     24,884         248,894   

Arkema S.A.

     15,744         1,246,704   

BioMerieux

     4,913         475,418   

Bourbon S.A.

     21,613         370,237   

Derichebourg S.A.

     41,373         126,816   

Eiffage S.A.

     19,693         1,171,302   

Eurazeo S.A.

     12,327         845,058   

Faurecia

     12,081         528,082   

Havas S.A.

     73,388         556,460   

Ipsen S.A.

     20,176         953,545   

IPSOS

     11,060         308,958   

Jacquet Metal Service

     8,880         185,688   

Korian-Medica

     7,134         241,427   

Lagardere SCA

     69,699         2,091,496   

Lectra

     9,850         138,583   

Metropole Television S.A.

     56,036         1,122,406   

Neopost S.A.

     23,107         1,269,385   

Nexity S.A.

     29,772         1,244,312   

Orpea

     6,329         398,664   

Plastic Omnium S.A.

     21,079         556,576   

Rallye S.A.

     23,199         872,548   

Remy Cointreau S.A.

     10,319         759,158   

Rubis SCA

     14,856         943,120   

Saft Groupe S.A.

     7,522         276,612   

SEB S.A.

     10,550         760,290   

Societe Television Francaise 1

     86,901         1,539,972   

Teleperformance

     9,879         677,027   

Vallourec S.A.

     30,085         734,274   

Vicat

     9,204         674,064   

Wendel S.A.

     7,823         931,771   
     

 

 

 
Total France               22,929,093   
Germany – 17.9%      

Aareal Bank AG

     12,366         521,880   

Aurelius AG

     12,763         534,591   

Aurubis AG

     12,726         721,246   

BayWa AG

     6,527         255,655   

Bechtle AG

     3,783         270,429   

Bilfinger SE

     16,454         954,443   

Carl Zeiss Meditec AG Bearer Shares

     17,589         459,891   

Cewe Stiftung & Co. KGAA

     2,425         154,053   

CompuGroup Medical AG

     7,425         214,752   

CTS Eventim AG & Co. KGaA

     13,926         438,226   

DMG MORI SEIKI AG Bearer Shares

     15,786         518,797   

Drillisch AG

     30,603         1,200,490   

Duerr AG

     8,016         882,441   

ElringKlinger AG

     10,975         329,922   

Freenet AG

     78,964         2,380,965   

Gerresheimer AG

     4,716         260,137   

Gerry Weber International AG

     9,797         338,808   

 

See Notes to Financial Statements.

 

54   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Hamborner REIT AG

     29,490       $ 324,482   

Hamburger Hafen und Logistik AG

     13,730         288,211   

Hochtief AG

     15,839         1,200,642   

Indus Holding AG

     7,522         374,687   

Jenoptik AG

     10,044         135,865   

KION Group AG

     10,943         448,427   

Krones AG

     4,412         459,302   

KUKA AG

     2,328         179,319   

LANXESS AG

     9,162         488,309   

LEG Immobilien AG*

     17,223         1,366,410   

Leoni AG

     5,825         368,919   

MTU Aero Engines AG

     10,357         1,015,790   

NORMA Group SE

     5,838         293,844   

Pfeiffer Vacuum Technology AG

     3,298         280,353   

QSC AG

     41,179         86,374   

Rheinmetall AG

     3,201         154,721   

Rhoen Klinikum AG

     15,694         389,864   

Salzgitter AG

     3,977         115,688   

Sixt SE

     10,311         459,461   

Software AG

     15,342         399,575   

Stada Arzneimittel AG

     12,244         408,901   

Suedzucker AG

     129,418         1,584,542   

Takkt AG

     10,820         198,074   

VTG AG

     6,624         162,630   

Wacker Neuson SE

     12,760         318,829   

Wincor Nixdorf AG

     11,157         524,120   
     

 

 

 
Total Germany               22,464,065   
Ireland – 2.5%      

C&C Group PLC

     79,228         324,622   

FBD Holdings PLC

     13,406         144,340   

Glanbia PLC

     27,363         507,381   

Irish Continental Group PLC

     70,746         315,322   

Kingspan Group PLC

     19,634         371,868   

Origin Enterprises PLC*

     27,823         243,537   

Paddy Power PLC

     13,818         1,182,939   
     

 

 

 
Total Ireland               3,090,009   
Italy – 19.6%      

A2A SpA

     1,170,679         1,216,446   

Ansaldo STS SpA

     43,988         445,502   

Astaldi SpA

     26,191         221,658   

Azimut Holding SpA

     46,418         1,324,592   

Banca Generali SpA

     47,199         1,478,677   

Banca IFIS SpA

     20,194         421,838   

Banca Popolare di Sondrio SCARL

     36,600         167,139   

Brembo SpA

     11,984         489,348   

Cairo Communication SpA

     31,321         185,686   

Cementir Holding SpA

     22,870         171,445   

Credito Emiliano SpA

     53,680         468,137   

Danieli & C. Officine Meccaniche SpA

     8,890         221,224   

Datalogic SpA

     13,342         153,324   

Davide Campari-Milano SpA

     78,847         550,007   

De’ Longhi

     36,333         787,847   

DiaSorin SpA

     10,607         466,271   

ERG SpA

     64,324       $ 840,752   

Falck Renewables SpA

     102,599         132,560   

GTECH SpA(a)

     65,945         1,306,720   

Hera SpA

     513,308         1,205,126   

Immobiliare Grande Distribuzione SIIQ SpA

     228,562         228,292   

Industria Macchine Automatiche SpA

     13,077         616,562   

Interpump Group SpA

     18,400         298,993   

Intesa Sanpaolo SpA RSP

     208,507         648,968   

Iren SpA

     552,385         757,001   

Italcementi SpA

     17,125         136,562   

MARR SpA

     28,611         490,115   

Mediolanum SpA

     283,825         2,290,782   

Moncler SpA

     21,221         355,773   

Parmalat SpA

     142,124         379,771   

Prysmian SpA

     54,375         1,120,672   

Recordati SpA

     56,459         1,055,083   

Salvatore Ferragamo SpA

     32,454         1,039,394   

Societa Cattolica di Assicurazioni SCRL

     22,773         198,478   

Societa Iniziative Autostradali e Servizi SpA

     72,479         842,255   

Tod’s SpA

     8,492         770,674   

Unipol Gruppo Finanziario SpA

     158,639         840,987   

UnipolSai SpA Class B RSP

     128,849         377,788   
     

 

 

 
Total Italy               24,702,449   
Netherlands – 4.4%      

Aalberts Industries N.V.

     19,142         601,747   

Amsterdam Commodities N.V.

     7,910         214,932   

Arcadis N.V.

     16,904         543,194   

ASM International N.V.

     10,486         484,827   

BE Semiconductor Industries N.V.

     11,208         359,497   

BinckBank N.V.

     34,078         277,390   

Brunel International N.V.

     11,596         221,683   

Delta Lloyd N.V.

     101,644         1,914,765   

Koninklijke Ten Cate N.V.

     7,716         174,358   

TKH Group N.V. CVA

     12,111         428,588   

TNT Express N.V.

     37,958         241,381   

USG People N.V.

     9,656         133,676   
     

 

 

 
Total Netherlands               5,596,038   
Portugal – 3.0%      

Altri, SGPS, S.A.

     36,600         156,015   

CTT-Correios de Portugal S.A.

     77,416         830,034   

Mota-Engil, SGPS, S.A.

     41,567         153,572   

NOS, SGPS

     122,231         884,932   

Portugal Telecom, SGPS, S.A. Registered Shares

     298,844         173,317   

REN – Redes Energeticas Nacionais, SGPS, S.A.

     157,085         460,914   

Semapa-Sociedade de Investimento e Gestao

     23,673         316,284   

Sonae, SGPS, S.A.

     541,449         823,427   
     

 

 

 
Total Portugal               3,798,495   
Spain – 10.0%      

Abengoa S.A. Class B

     221,051         802,441   

Acerinox S.A.

     88,820         1,490,510   

Bolsas y Mercados Espanoles SHMSF S.A.

     38,156         1,699,831   

Cie Automotive S.A.

     23,981         356,586   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      55   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Corp. Financiera Alba S.A.

     10,657       $ 518,257   

Distribuidora Internacional de Alimentacion S.A.

     134,990         1,056,318   

Duro Felguera S.A.

     97,126         382,830   

Ebro Foods S.A.

     39,670         739,633   

Faes Farma S.A.

     70,067         177,971   

Grupo Catalana Occidente S.A.

     26,614         797,478   

Indra Sistemas S.A.(a)

     43,011         504,898   

Obrascon Huarte Lain S.A.

     21,710         462,483   

Papeles y Cartones de Europa S.A.

     30,565         166,104   

Prosegur Cia de Seguridad S.A.

     131,602         749,105   

Tecnicas Reunidas S.A.

     17,434         732,113   

Viscofan S.A.

     12,476         762,416   

Zardoya Otis S.A.

     88,525         1,141,860   
     

 

 

 
Total Spain               12,540,834   
TOTAL COMMON STOCKS
(Cost: $123,937,661)
              124,711,034   
PREFERRED STOCK – 0.2%      
Spain – 0.2%      

Grifols S.A., Class B

(Cost: $281,280)

     8,569         286,815   
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED – 1.2%
   
United States – 1.2%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $1,436,405)(c)      1,436,405         1,436,405   
TOTAL INVESTMENTS IN SECURITIES – 100.5%
(Cost: $125,655,346)
        126,434,254   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.5)%

        (605,151
     

 

 

 
NET ASSETS – 100.0%             $ 125,829,103   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $2,573,225 and the total market value of the collateral held by the Fund was $2,705,419. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,269,014. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

56   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
Austria – 2.0%      

ams AG

     89,825       $ 4,314,627   

Austria Technologie & Systemtechnik AG

     80,901         1,269,863   

CAT Oil AG(a)

     73,024         816,041   

Lenzing AG

     79,926         5,375,332   

POLYTEC Holding AG

     89,182         775,830   

RHI AG(a)

     108,177         3,183,388   

Wienerberger AG(a)

     103,525         1,653,333   
     

 

 

 
Total Austria               17,388,414   
Belgium – 3.4%      

Barco N.V.(a)

     41,748         2,484,885   

Cie Maritime Belge S.A.(a)

     47,129         696,990   

Cofinimmo S.A.

     112,296         13,164,130   

Econocom Group S.A./N.V.(a)

     155,568         1,232,382   

EVS Broadcast Equipment S.A.

     89,299         3,319,824   

Fagron

     83,126         3,236,749   

Melexis N.V.

     77,380         4,612,388   

Recticel S.A.(a)

     108,940         623,267   
     

 

 

 
Total Belgium               29,370,615   
Denmark – 2.2%      

ALK-Abello A/S

     8,396         900,434   

DFDS A/S

     42,246         4,488,182   

IC Group A/S

     28,171         654,056   

NKT Holding A/S(a)

     35,276         2,256,224   

Schouw & Co.

     69,911         3,346,803   

SimCorp A/S(a)

     126,383         4,142,514   

Spar Nord Bank A/S

     304,504         2,932,974   
     

 

 

 
Total Denmark               18,721,187   
Finland – 7.5%      

Aktia Bank Oyj

     110,649         1,304,830   

Caverion Corp.

     359,758         3,647,427   

Citycon Oyj

     1,094,812         3,555,703   

Cramo Oyj(a)

     154,553         2,758,752   

F-Secure Oyj

     508,266         1,468,410   

HKScan Oyj Class A

     181,555         1,136,792   

Konecranes Oyj(a)

     289,084         9,127,998   

Lassila & Tikanoja Oyj

     142,702         2,648,366   

Metsa Board Oyj(a)

     850,052         5,222,106   

Outotec Oyj(a)

     478,026         2,926,379   

PKC Group Oyj

     64,192         1,425,724   

Powerflute Oyj

     112,205         91,613   

Raisio Oyj Class V(a)

     287,069         1,242,497   

Ramirent Oyj(a)

     496,348         3,523,643   

Sanoma Oyj(a)

     438,253         2,414,607   

Technopolis Oyj(a)

     503,060         2,263,799   

Tieto Oyj(a)

     359,483         8,455,253   

Tikkurila Oyj

     195,668         3,738,521   

Uponor Oyj

     200,832         3,397,172   

YIT Oyj(a)

     620,440         3,408,392   
     

 

 

 
Total Finland               63,757,984   
France – 2.7%      

Albioma S.A.

     55,352       1,057,580   

Alten S.A.

     119,595         5,486,528   

Altran Technologies S.A.

     321,608         3,216,774   

Assystem(a)

     45,934         970,875   

Derichebourg S.A.

     436,571         1,338,175   

Haulotte Group S.A.

     35,468         587,769   

IPSOS

     126,144         3,523,799   

Jacquet Metal Service

     77,583         1,622,321   

Lectra

     104,295         1,467,368   

Mersen

     29,335         763,070   

Saft Groupe S.A.

     80,034         2,943,150   
     

 

 

 
Total France               22,977,409   
Germany – 8.4%      

Aurelius AG

     168,950         7,076,637   

BayWa AG

     64,064         2,509,308   

Bechtle AG

     49,541         3,541,459   

Borussia Dortmund GmbH & Co. KGaA

     209,652         794,612   

CANCOM SE(a)

     21,454         864,866   

Cewe Stiftung & Co. KGAA

     20,581         1,307,451   

CompuGroup Medical AG

     103,471         2,992,672   

Delticom AG(a)

     13,447         277,143   

Deutz AG

     151,245         636,753   

Drillisch AG(a)

     420,911         16,511,428   

Elmos Semiconductor AG

     42,491         824,630   

Gerresheimer AG

     60,013         3,310,355   

Grammer AG

     28,602         1,058,714   

Hamburger Hafen und Logistik AG(a)

     176,804         3,711,350   

Indus Holding AG

     74,697         3,720,815   

Jenoptik AG

     124,668         1,686,387   

KUKA AG(a)

     24,929         1,920,213   

LPKF Laser & Electronics AG

     40,528         453,770   

NORMA Group SE

     54,415         2,738,870   

Pfeiffer Vacuum Technology AG

     29,551         2,512,044   

PNE Wind AG Registered Shares(a)

     272,982         668,456   

QSC AG(a)

     472,277         990,611   

Sixt SE

     100,606         4,483,028   

Stroeer Media SE

     49,504         1,695,239   

Vossloh AG(a)

     11,477         703,585   

VTG AG(a)

     71,124         1,746,210   

Wacker Neuson SE

     131,863         3,294,808   
     

 

 

 
Total Germany               72,031,414   
Ireland – 3.0%      

C&C Group PLC

     949,712         3,891,263   

FBD Holdings PLC(a)

     5,412         58,270   

Fyffes PLC

     538,798         685,722   

Grafton Group PLC

     313,282         3,769,372   

Greencore Group PLC

     1,041,406         4,984,202   

IFG Group PLC

     593,412         1,204,543   

Irish Continental Group PLC

     666,576         2,970,995   

Origin Enterprises PLC*

     216,386         1,894,048   

Total Produce PLC

     1,192,637         1,434,599   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      57   


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

UDG Healthcare PLC

     684,293       $ 4,799,814   
     

 

 

 
Total Ireland               25,692,828   
Italy – 10.1%      

Amplifon SpA(a)

     353,346         2,404,091   

Ansaldo STS SpA

     393,657         3,986,886   

Ascopiave SpA

     881,618         2,240,265   

Astaldi SpA(a)

     271,543         2,298,100   

ASTM SpA

     196,493         2,783,531   

Banca IFIS SpA

     294,687         6,155,803   

Banca Popolare di Sondrio SCARL

     601,642         2,747,486   

Biesse SpA

     70,539         1,210,626   

Brunello Cucinelli SpA(a)

     30,424         534,896   

Cairo Communication SpA(a)

     472,722         2,802,522   

Cementir Holding SpA(a)

     237,309         1,778,991   

Danieli & C. Officine Meccaniche SpA

     44,677         1,111,768   

Danieli & C. Officine Meccaniche SpA RSP

     98,840         1,641,143   

Datalogic SpA

     160,072         1,839,515   

Edison SpA RSP

     247,807         222,630   

ERG SpA

     858,533         11,221,520   

Esprinet SpA

     99,278         895,646   

Falck Renewables SpA

     1,359,427         1,756,409   

Immobiliare Grande Distribuzione SIIQ SpA(a)

     3,608,721         3,604,461   

Industria Macchine Automatiche SpA

     134,293         6,331,725   

Interpump Group SpA

     207,183         3,366,644   

Iren SpA

     7,030,632         9,634,944   

Italmobiliare SpA RSP

     39,522         838,321   

MARR SpA(a)

     316,444         5,420,779   

Nice SpA

     38,059         131,292   

Reply SpA

     17,426         1,704,984   

Societa Cattolica di Assicurazioni SCRL

     162,542         1,416,636   

Trevi Finanziaria Industriale SpA(a)

     152,903         474,261   

UnipolSai SpA Class B RSP

     1,827,925         5,359,511   

Vittoria Assicurazioni SpA

     33,258         346,475   

Zignago Vetro SpA

     43,705         266,614   
     

 

 

 
Total Italy               86,528,475   
Netherlands – 2.4%      

BE Semiconductor Industries N.V.

     159,794         5,125,392   

BinckBank N.V.

     471,464         3,837,643   

Brunel International N.V.(a)

     104,445         1,996,695   

Corbion N.V.

     99,277         1,885,103   

Koninklijke Ten Cate N.V.(a)

     68,556         1,549,157   

TKH Group N.V. CVA

     116,948         4,138,590   

USG People N.V.

     101,135         1,400,098   

Wessanen

     121,827         808,212   
     

 

 

 
Total Netherlands               20,740,890   
Norway – 2.2%      

Austevoll Seafood ASA

     637,191         3,407,692   

Borregaard ASA

     402,030         2,968,171   

Norway Royal Salmon ASA

     144,228         1,109,570   

Opera Software ASA(a)

     69,898         561,588   

Protector Forsikring ASA

     371,410         3,076,227   

SpareBank 1 Nord Norge

     466,459         2,361,495   

SpareBank 1 SMN(a)

     420,926         3,107,679   

Spectrum ASA

     82,905       362,107   

Tomra Systems ASA

     200,986         1,689,618   
     

 

 

 
Total Norway               18,644,147   
Portugal – 1.9%      

Altri, SGPS, S.A.

     539,895         2,301,413   

CTT-Correios de Portugal S.A.

     783,278         8,398,102   

Mota-Engil, SGPS, S.A.

     37,193         137,412   

REN – Redes Energeticas Nacionais, SGPS, S.A.

     1,644,634         4,825,631   

Teixeira Duarte S.A.(a)

     520,939         427,449   
     

 

 

 
Total Portugal               16,090,007   
Spain – 2.0%      

Abengoa S.A.(a)

     222,797         869,558   

Cie Automotive S.A.(a)

     291,983         4,341,649   

Duro Felguera S.A.

     757,110         2,984,209   

Faes Farma S.A.

     838,181         2,128,987   

Laboratorios Farmaceuticos Rovi S.A.

     92,918         1,628,636   

Melia Hotels International S.A.(a)

     100,614         1,239,982   

Miquel y Costas & Miquel S.A.

     42,344         1,500,755   

Papeles y Cartones de Europa S.A.

     375,755         2,042,017   

Pescanova S.A.*†

     3,781         0   
     

 

 

 
Total Spain               16,735,793   
Sweden – 14.6%      

AddTech AB Class B

     115,833         1,554,684   

AF AB Class B

     235,230         3,279,945   

Atrium Ljungberg AB Class B

     317,139         4,828,399   

Avanza Bank Holding AB(a)

     129,506         4,512,561   

Axis Communications AB(a)

     261,083         10,299,156   

B&B Tools AB Class B

     87,169         1,425,181   

Betsson AB*

     223,920         8,407,337   

Bilia AB Class A

     151,455         5,444,200   

BioGaia AB Class B

     74,079         1,696,489   

Byggmax Group AB

     382,473         2,660,975   

Clas Ohlson AB Class B

     295,838         4,811,113   

Duni AB

     281,254         4,052,134   

Gunnebo AB

     235,097         1,237,632   

Haldex AB

     118,072         1,783,255   

HIQ International AB*

     112,752         575,262   

Holmen AB Class B

     333,715         11,260,494   

Industrial & Financial Systems Class B

     77,248         2,516,995   

Indutrade AB

     107,513         4,930,559   

Kungsleden AB

     680,504         5,267,089   

Loomis AB Class B

     214,630         6,567,779   

Mekonomen AB(a)

     165,472         4,365,105   

Net Entertainment NE AB Class B*

     84,681         2,916,293   

New Wave Group AB Class B

     227,739         1,119,675   

Nobia AB

     456,774         4,035,943   

Nolato AB Class B

     134,102         3,242,127   

Peab AB(a)

     1,169,492         9,207,798   

Platzer Fastigheter Holding AB Class B

     54,222         245,205   

Proffice AB Class B

     263,688         721,591   

Semcon AB

     91,868         655,131   

Skandinaviska Enskilda Banken AB Class C

     212,795         2,541,484   

SkiStar AB

     160,239         1,983,466   

 

See Notes to Financial Statements.

 

58   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Svenska Handelsbanken AB Class B(a)

     81,523       $ 3,715,022   

Transmode AB

     73,366         776,276   

Wihlborgs Fastigheter AB

     90,835         1,753,704   
     

 

 

 
Total Sweden               124,390,059   
Switzerland – 4.6%      

Ascom Holding AG Registered Shares

     112,642         1,942,503   

Cembra Money Bank AG

     163,949         10,060,085   

EFG International AG*

     240,752         2,974,389   

Gategroup Holding AG*

     38,264         1,294,113   

Implenia AG Registered Shares

     42,137         2,767,776   

Kudelski S.A. Bearer Shares

     137,795         1,695,306   

Leonteq AG*(a)

     9,825         3,363,340   

Logitech International S.A. Registered Shares

     394,108         5,213,928   

Tecan Group AG Registered Shares

     21,559         2,829,993   

U-Blox AG*

     8,379         1,466,519   

Valiant Holding AG Registered Shares

     67,900         5,739,308   
     

 

 

 
Total Switzerland               39,347,260   
United Kingdom – 32.1%      

A.G.BARR PLC

     173,779         1,572,358   

Abcam PLC

     308,267         2,221,758   

Acacia Mining PLC

     256,142         996,237   

Al Noor Hospitals Group PLC

     82,176         1,239,422   

Alent PLC

     532,666         2,962,124   

Anite PLC

     546,884         681,954   

Bank of Georgia Holdings PLC

     69,592         1,792,418   

Betfair Group PLC

     106,921         3,547,489   

Big Yellow Group PLC

     387,713         3,726,753   

Bloomsbury Publishing PLC

     239,675         543,481   

Bodycote PLC

     201,352         2,149,143   

Bovis Homes Group PLC

     184,949         2,560,244   

Brammer PLC

     158,879         943,424   

Brewin Dolphin Holdings PLC

     548,268         2,527,173   

British Polythene Industries PLC

     16,329         164,350   

Cable & Wireless Communications PLC

     8,908,136         8,060,112   

Central Asia Metals PLC(a)

     351,032         859,827   

Chemring Group PLC(a)

     257,546         797,152   

Chesnara PLC

     486,136         2,477,130   

Chime Communications PLC

     172,391         703,125   

Cineworld Group PLC

     507,087         3,613,302   

Communisis PLC

     386,259         305,337   

Computacenter PLC

     242,656         2,460,324   

Concentric AB

     147,374         1,969,475   

Connect Group PLC

     546,919         1,252,359   

Consort Medical PLC

     19,388         247,521   

Costain Group PLC

     187,652         877,494   

Countrywide PLC

     301,443         2,300,111   

Cranswick PLC

     96,217         1,961,114   

Crest Nicholson Holdings PLC

     392,576         2,480,892   

CSR PLC

     156,682         2,031,714   

Dairy Crest Group PLC(a)

     487,250         3,200,705   

Dart Group PLC

     70,951         381,283   

Darty PLC(a)

     731,309         711,087   

De La Rue PLC(a)

     289,666         2,386,553   

Debenhams PLC(a)

     4,608,349       5,151,348   

Dechra Pharmaceuticals PLC

     157,101         2,348,491   

Development Securities PLC

     220,744         760,252   

Devro PLC(a)

     462,752         1,962,976   

Dialight PLC(a)

     37,525         421,137   

Dignity PLC

     19,379         524,731   

Diploma PLC

     135,391         1,610,920   

Domino Printing Sciences PLC

     252,342         3,502,528   

Domino’s Pizza Group PLC

     375,323         4,320,833   

E2V Technologies PLC

     487,143         1,395,707   

Electrocomponents PLC(a)

     1,445,753         5,183,126   

Elementis PLC

     650,242         2,801,257   

EMIS Group PLC

     106,781         1,368,790   

esure Group PLC

     1,108,921         3,463,593   

Fenner PLC

     11,323         33,912   

Ferrexpo PLC

     1,073,387         1,003,870   

Fidessa Group PLC

     100,830         3,301,990   

Foxtons Group PLC(a)

     209,639         638,757   

Galliford Try PLC

     150,127         3,175,808   

Genus PLC

     84,585         1,719,006   

Go-Ahead Group PLC

     100,668         3,481,993   

Greggs PLC

     295,949         4,490,020   

Halfords Group PLC

     460,895         3,152,790   

Hargreaves Services PLC

     60,771         383,412   

Headlam Group PLC

     233,257         1,490,694   

Helical Bar PLC

     206,353         1,207,711   

HellermannTyton Group PLC

     227,872         1,130,857   

Hill & Smith Holdings PLC

     162,254         1,649,934   

Hilton Food Group PLC

     158,184         1,026,182   

Hogg Robinson Group PLC

     665,046         464,013   

Homeserve PLC

     630,687         3,582,114   

Hunting PLC

     241,939         1,760,955   

Interserve PLC

     234,614         2,020,051   

ISG PLC

     75,693         170,797   

ITE Group PLC(a)

     568,152         1,522,377   

J D Wetherspoon PLC

     135,349         1,511,966   

James Fisher & Sons PLC

     35,705         693,824   

John Menzies PLC(a)

     106,926         595,244   

Johnson Service Group PLC

     446,180         496,766   

Kcom Group PLC

     2,102,271         2,847,752   

Keller Group PLC

     103,958         1,463,780   

Kier Group PLC

     124,888         2,944,094   

Laird PLC

     778,378         3,881,335   

Lavendon Group PLC

     169,290         424,716   

Lookers PLC

     562,740         1,200,870   

Low & Bonar PLC

     859,187         736,580   

LSL Property Services PLC

     279,356         1,403,774   

M&C Saatchi PLC

     141,783         725,093   

Marshalls PLC

     404,269         1,668,383   

Marston’s PLC(a)

     2,102,004         4,752,411   

McBride PLC*

     178,838         246,238   

Mears Group PLC

     119,676         753,275   

Micro Focus International PLC

     322,172         5,648,306   

Mitie Group PLC(a)

     735,410         3,013,139   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      59   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Moneysupermarket.com Group PLC(a)

     1,681,576       $ 6,722,540   

Morgan Advanced Materials PLC

     525,879         2,658,174   

Morgan Sindall Group PLC

     92,499         1,079,981   

National Express Group PLC

     1,026,410         4,322,756   

NCC Group PLC

     224,190         652,308   

NMC Health PLC

     97,596         962,737   

Northgate PLC

     142,085         1,246,569   

Novae Group PLC

     191,376         2,028,459   

Numis Corp. PLC

     281,119         991,138   

Oxford Instruments PLC

     3,080         38,247   

Pace PLC

     174,175         892,042   

Partnership Assurance Group PLC

     757,887         1,597,619   

PayPoint PLC

     115,857         1,410,317   

Pendragon PLC

     1,626,003         947,418   

Photo-Me International PLC

     627,666         1,369,703   

Polar Capital Holdings PLC

     183,421         1,007,468   

Premier Farnell PLC

     1,415,357         3,887,033   

Rank Group PLC

     761,862         2,104,763   

Redde PLC

     565,918         930,417   

Redrow PLC

     221,046         1,179,346   

Renishaw PLC

     117,379         4,255,167   

Restaurant Group PLC (The)(a)

     368,465         3,683,955   

Ricardo PLC

     41,963         485,583   

RPC Group PLC

     428,142         3,686,348   

RPS Group PLC

     224,168         749,748   

RWS Holdings PLC

     338,507         778,897   

Safestore Holdings PLC

     375,201         1,622,223   

Savills PLC

     231,832         2,794,537   

Schroders PLC Non-Voting Shares

     103,371         3,727,406   

Senior PLC

     453,190         2,187,819   

Shanks Group PLC

     632,624         993,131   

SIG PLC

     636,245         1,917,348   

Speedy Hire PLC

     417,983         443,655   

Spirent Communications PLC

     1,207,766         1,564,331   

Spirit Pub Co. PLC

     1,427,977         2,408,131   

St. Ives PLC

     231,174         579,971   

St. Modwen Properties PLC

     180,040         1,187,746   

SThree PLC

     174,281         900,994   

Synergy Health PLC

     76,627         2,644,754   

Synthomer PLC(a)

     658,663         3,015,492   

Ted Baker PLC

     51,882         1,925,472   

Telecom Plus PLC(a)

     47,407         612,269   

Topps Tiles PLC

     231,281         399,988   

TT electronics PLC

     260,613         516,485   

Tullett Prebon PLC

     958,430         5,312,699   

Tyman PLC

     210,905         980,750   

Unite Group PLC (The)

     219,184         1,905,093   

UTV Media PLC

     123,872         312,610   

Vertu Motors PLC

     475,308         391,605   

Vesuvius PLC

     507,730         3,701,547   

WH Smith PLC

     244,856         4,721,722   

WS Atkins PLC

     121,828         2,309,503   

Xaar PLC

     61,908         378,638   

Xchanging PLC

     382,690       771,201   
     

 

 

 
Total United Kingdom               273,831,276   
TOTAL COMMON STOCKS
(Cost: $914,743,162)
              846,247,758   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree International MidCap Dividend Fund(a)(b)

     
(Cost: $917,431)      15,957         940,186   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 10.6%      
United States – 10.6%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $90,144,093)(d)      90,144,093         90,144,093   
TOTAL INVESTMENTS IN SECURITIES – 109.8%
(Cost: $1,005,804,686)
         937,332,037   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (9.8)%

        (83,457,637
     

 

 

 
NET ASSETS – 100.0%             $ 853,874,400   
* Non-income producing security.

 

Security is being fair valued by a valuation 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 March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $91,707,559 and the total market value of the collateral held by the Fund was $96,670,542. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $6,526,449. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

60   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Germany – 99.6%      
Aerospace & Defense – 0.6%      

MTU Aero Engines AG

     18,368       $ 1,801,490   
Air Freight & Logistics – 3.1%      

Deutsche Post AG Registered Shares

     286,198         8,943,121   
Auto Components – 2.2%      

Continental AG

     24,844         5,878,143   

ElringKlinger AG

     7,554         227,083   

Leoni AG

     4,083         258,592   
     

 

 

 
Total Auto Components               6,363,818   
Automobiles – 16.3%      

Bayerische Motoren Werke AG

     137,701         17,221,887   

Daimler AG Registered Shares(a)

     189,736         18,284,856   

Volkswagen AG

     46,900         12,091,458   
     

 

 

 
Total Automobiles               47,598,201   
Capital Markets – 2.8%      

Aurelius AG

     9,823         411,446   

Deutsche Bank AG Registered Shares

     220,085         7,648,972   
     

 

 

 
Total Capital Markets               8,060,418   
Chemicals – 10.8%      

BASF SE

     154,023         15,309,681   

Evonik Industries AG

     140,931         5,025,147   

K+S AG Registered Shares

     43,905         1,433,952   

LANXESS AG

     21,392         1,140,134   

Linde AG

     29,922         6,094,634   

Symrise AG

     33,651         2,126,546   

Wacker Chemie AG(a)

     2,213         256,096   
     

 

 

 
Total Chemicals               31,386,190   
Commercial Services & Supplies – 0.4%      

Bilfinger SE(a)

     20,476         1,187,746   
Construction & Engineering – 0.6%      

Hochtief AG

     22,532         1,707,991   
Construction Materials – 0.7%      

HeidelbergCement AG

     24,058         1,907,124   
Diversified Financial Services – 1.8%      

Deutsche Boerse AG

     64,481         5,267,351   
Diversified Telecommunication Services – 6.4%      

Deutsche Telekom AG Registered Shares

     1,025,027         18,769,981   
Food Products – 0.6%      

Suedzucker AG(a)

     144,899         1,774,085   
Health Care Equipment & Supplies – 0.1%      

Carl Zeiss Meditec AG Bearer Shares(a)

     12,451         325,550   
Health Care Providers & Services – 3.2%      

Celesio AG

     42,389         1,251,959   

Fresenius Medical Care AG & Co. KGaA

     51,003         4,243,042   

Fresenius SE & Co. KGaA

     63,214         3,774,106   
     

 

 

 
Total Health Care Providers & Services               9,269,107   
Hotels, Restaurants & Leisure – 0.5%      

TUI AG

     82,849       1,455,709   
Household Products – 1.4%      

Henkel AG & Co. KGaA

     38,451         3,971,884   
Industrial Conglomerates – 5.1%      

Indus Holding AG

     5,511         274,514   

Rheinmetall AG

     2,413         116,633   

Siemens AG Registered Shares

     134,502         14,546,629   
     

 

 

 
Total Industrial Conglomerates               14,937,776   
Insurance – 12.6%      

Allianz SE Registered Shares

     105,952         18,417,302   

Hannover Rueck SE

     50,298         5,196,727   

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     61,672         13,296,818   
     

 

 

 
Total Insurance               36,910,847   
Internet & Catalog Retail – 0.1%      

Takkt AG

     11,527         211,017   
IT Services – 0.1%      

Bechtle AG

     2,847         203,519   

Wirecard AG

     3,167         133,877   
     

 

 

 
Total IT Services               337,396   
Life Sciences Tools & Services – 0.1%      

Gerresheimer AG

     2,975         164,103   
Machinery – 3.9%      

Deutz AG

     10,045         42,290   

DMG MORI SEIKI AG Bearer Shares

     41,682         1,369,853   

Duerr AG

     17,534         1,930,230   

GEA Group AG

     45,514         2,201,646   

KION Group AG

     7,802         319,714   

Krones AG

     3,160         328,965   

KUKA AG(a)

     1,676         129,098   

MAN SE

     41,872         4,407,110   

NORMA Group SE

     4,167         209,738   

Pfeiffer Vacuum Technology AG

     2,489         211,583   

Vossloh AG(a)

     742         45,488   

Wacker Neuson SE

     12,273         306,660   
     

 

 

 
Total Machinery               11,502,375   
Media – 1.0%      

Axel Springer SE

     43,017         2,541,014   

CTS Eventim AG & Co. KGaA

     9,862         310,339   
     

 

 

 
Total Media               2,851,353   
Metals & Mining – 0.6%      

Aurubis AG(a)

     28,383         1,608,606   

Salzgitter AG

     2,790         81,159   
     

 

 

 
Total Metals & Mining               1,689,765   
Multi-Utilities – 4.7%      

E.ON SE

     638,053         9,514,956   

RWE AG

     161,409         4,122,339   
     

 

 

 
Total Multi-Utilities               13,637,295   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      61   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Personal Products – 0.8%      

Beiersdorf AG(a)

     27,261       $ 2,368,615   
Pharmaceuticals – 8.8%      

Bayer AG Registered Shares

     121,847         18,314,366   

Merck KGaA

     57,366         6,441,436   

Stada Arzneimittel AG

     30,051         1,003,584   
     

 

 

 
Total Pharmaceuticals               25,759,386   
Road & Rail – 0.1%      

Sixt SE

     7,624         339,727   
Semiconductors & Semiconductor Equipment – 0.7%   

Infineon Technologies AG

     182,335         2,179,563   
Software – 4.5%      

SAP SE

     167,166         12,124,081   

Software AG

     38,277         996,905   
     

 

 

 
Total Software               13,120,986   
Specialty Retail – 0.7%      

Fielmann AG

     29,941         2,007,216   
Technology Hardware, Storage & Peripherals – 0.4%   

Wincor Nixdorf AG

     24,071         1,130,777   
Textiles, Apparel & Luxury Goods – 2.0%      

adidas AG

     37,826         2,993,664   

Gerry Weber International AG(a)

     6,707         231,947   

Hugo Boss AG

     22,675         2,757,971   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               5,983,582   
Thrifts & Mortgage Finance – 0.4%      

Aareal Bank AG

     29,954         1,264,143   
Trading Companies & Distributors – 0.8%      

BayWa AG

     4,638         181,665   

Brenntag AG

     36,979         2,214,532   
     

 

 

 
Total Trading Companies & Distributors               2,396,197   
Transportation Infrastructure – 0.7%      

Fraport AG Frankfurt Airport Services Worldwide

     29,239         1,748,187   

Hamburger Hafen und Logistik AG

     12,260         257,354   
     

 

 

 
Total Transportation Infrastructure               2,005,541   
TOTAL COMMON STOCKS
(Cost: $285,830,370)
              290,587,426   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9%      
United States – 1.9%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $5,574,643)(c)      5,574,643         5,574,643   
TOTAL INVESTMENTS IN SECURITIES – 101.5% (Cost: $291,405,013)         296,162,069   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (1.5)%

        (4,346,281
     

 

 

 
NET ASSETS – 100.0%             $ 291,815,788   
(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $5,644,483 and the total market value of the collateral held by the Fund was $5,935,240. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $360,597. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

62   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 8.5%      

BHP Billiton Ltd.

     149,406       $ 3,541,725   

Rio Tinto Ltd.

     94,243         4,120,385   

Telstra Corp., Ltd.

     1,549,432         7,469,076   

Wesfarmers Ltd.

     154,068         5,174,103   

Woodside Petroleum Ltd.

     153,846         4,057,159   

Woolworths Ltd.(a)

     147,021         3,312,220   
     

 

 

 
Total Australia               27,674,668   
Austria – 0.8%      

OMV AG

     93,314         2,561,603   
China – 2.8%      

China Mobile Ltd.

     439,500         5,736,762   

CNOOC Ltd.

     2,398,000         3,389,902   
     

 

 

 
Total China               9,126,664   
Denmark – 0.6%      

Coloplast A/S Class B

     24,900         1,882,893   
Finland – 1.6%      

Fortum Oyj

     240,593         5,054,241   
France – 10.2%      

Bouygues S.A.

     105,065         4,123,165   

Casino Guichard Perrachon S.A.

     25,169         2,230,910   

Electricite de France S.A.

     150,056         3,600,316   

GDF Suez

     264,029         5,219,052   

Orange S.A.

     393,359         6,322,225   

Sanofi

     32,750         3,233,499   

Total S.A.

     70,852         3,521,297   

Vivendi S.A.*

     199,924         4,965,361   
     

 

 

 
Total France               33,215,825   
Germany – 5.5%      

BASF SE

     28,015         2,784,654   

Bayer AG Registered Shares

     13,929         2,093,616   

Bayerische Motoren Werke AG

     23,476         2,936,079   

Daimler AG Registered Shares(a)

     39,630         3,819,143   

Evonik Industries AG

     88,551         3,157,444   

Infineon Technologies AG

     104,813         1,252,894   

SAP SE

     23,846         1,729,483   
     

 

 

 
Total Germany               17,773,313   
Hong Kong – 0.7%      

SJM Holdings Ltd.(a)

     1,706,000         2,231,230   
Israel – 1.1%      

Teva Pharmaceutical Industries Ltd.

     58,713         3,685,157   
Italy – 3.7%      

Atlantia SpA

     128,810         3,382,459   

Eni SpA

     218,975         3,793,439   

Snam SpA

     965,177         4,685,431   
     

 

 

 
Total Italy               11,861,329   
Japan – 11.1%      

Astellas Pharma, Inc.

     167,400         2,746,379   

Canon, Inc.

     117,300         4,155,017   

FUJIFILM Holdings Corp.

     68,800       2,453,393   

Hitachi Ltd.(a)

     223,000         1,530,737   

Hoya Corp.

     71,800         2,884,274   

ITOCHU Corp.(a)

     310,100         3,365,396   

Kyocera Corp.

     37,800         2,077,779   

Mitsui & Co., Ltd.

     245,800         3,303,978   

Murata Manufacturing Co., Ltd.

     16,800         2,316,348   

Nissan Motor Co., Ltd.(a)

     349,700         3,569,171   

Takeda Pharmaceutical Co., Ltd.(a)

     83,400         4,171,912   

Toyota Motor Corp.(a)

     50,500         3,530,052   
     

 

 

 
Total Japan               36,104,436   
Netherlands – 4.0%      

Koninklijke Ahold N.V.

     196,649         3,875,537   

Koninklijke DSM N.V.

     42,566         2,375,854   

Reed Elsevier N.V.

     139,784         3,481,468   

Unilever N.V. CVA

     77,859         3,254,093   
     

 

 

 
Total Netherlands               12,986,952   
Norway – 2.0%      

Statoil ASA

     138,983         2,462,654   

Telenor ASA

     201,593         4,074,834   
     

 

 

 
Total Norway               6,537,488   
Portugal – 1.4%      

EDP-Energias de Portugal S.A.

     1,178,999         4,412,862   
Singapore – 2.2%      

Keppel Corp., Ltd.

     434,000         2,847,562   

Singapore Telecommunications Ltd.

     1,374,000         4,387,344   
     

 

 

 
Total Singapore               7,234,906   
Spain – 7.1%      

Abertis Infraestructuras S.A.

     188,363         3,405,751   

ACS Actividades de Construccion y Servicios S.A.

     103,085         3,653,537   

Amadeus IT Holding S.A. Class A

     38,190         1,639,001   

Endesa S.A.

     134,299         2,596,267   

Gas Natural SDG S.A.

     144,156         3,238,133   

Repsol S.A.

     177,741         3,309,144   

Telefonica S.A.

     353,213         5,030,190   
     

 

 

 
Total Spain               22,872,023   
Sweden – 4.6%      

Hennes & Mauritz AB Class B

     78,576         3,184,387   

Sandvik AB(a)

     255,477         2,857,214   

Telefonaktiebolaget LM Ericsson Class B

     294,518         3,701,944   

TeliaSonera AB

     825,112         5,243,028   
     

 

 

 
Total Sweden               14,986,573   
Switzerland – 7.6%      

Givaudan S.A. Registered Shares*

     2,017         3,658,966   

Kuehne + Nagel International AG Registered Shares

     35,376         5,262,877   

Nestle S.A. Registered Shares

     38,152         2,883,102   

Novartis AG Registered Shares

     34,937         3,458,450   

Roche Holding AG Bearer Shares

     10,297         2,819,934   

Swisscom AG Registered Shares

     7,838         4,555,288   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      63   


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Transocean Ltd.(a)

     131,864       $ 1,908,790   
     

 

 

 
Total Switzerland               24,547,407   
United Kingdom – 23.9%      

Anglo American PLC

     151,061         2,269,412   

Antofagasta PLC

     533,979         5,806,472   

AstraZeneca PLC

     63,871         4,386,688   

BAE Systems PLC

     677,376         5,264,135   

BHP Billiton PLC

     123,521         2,701,913   

BP PLC

     514,159         3,333,198   

British American Tobacco PLC

     65,756         3,405,294   

Centrica PLC

     954,690         3,585,613   

GlaxoSmithKline PLC

     188,159         4,318,322   

Imperial Tobacco Group PLC

     97,317         4,280,563   

National Grid PLC

     358,662         4,603,958   

Pearson PLC

     232,314         5,004,069   

Reed Elsevier PLC

     191,714         3,298,510   

Rio Tinto PLC

     81,824         3,367,088   

Royal Dutch Shell PLC Class A

     108,006         3,219,527   

Sky PLC

     251,132         3,701,961   

SSE PLC

     215,565         4,793,697   

Unilever PLC

     77,929         3,256,552   

Vodafone Group PLC

     2,060,527         6,743,245   
     

 

 

 
Total United Kingdom               77,340,217   

TOTAL COMMON STOCKS

(Cost: $329,352,776)

              322,089,787   
RIGHTS – 0.0%      
Spain – 0.0%      

Telefonica S.A., expiring 4/10/15*

(Cost $0)

     353,213         56,903   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree International LargeCap Dividend Fund(a)(b)

     
(Cost: $229,157)      4,453         217,173   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.8%      
United States – 3.8%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $12,392,192)(d)      12,392,192         12,392,192   
TOTAL INVESTMENTS IN SECURITIES – 103.3%
(Cost: $341,974,125)
         334,756,055   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (3.3)%

        (10,673,535
     

 

 

 
NET ASSETS – 100.0%             $ 324,082,520   

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $13,466,847 and the total market value of the collateral held by the Fund was $14,155,772. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,763,580. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

64   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree International Hedged Dividend Growth Fund (IHDG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
Australia – 7.0%      

Ainsworth Game Technology Ltd.(a)

     28,151       $ 62,152   

Ansell Ltd.

     10,262         215,982   

BHP Billiton Ltd.

     327,616         7,766,259   

Brambles Ltd.

     111,696         983,004   

Crown Resorts Ltd.(a)

     45,370         463,410   

CSL Ltd.

     16,803         1,182,513   

DuluxGroup Ltd.

     39,314         192,217   

Flight Centre Travel Group Ltd.(a)

     10,345         313,356   

Fortescue Metals Group Ltd.(a)

     455,879         682,607   

iiNET Ltd.(a)

     20,060         135,318   

Incitec Pivot Ltd.

     173,327         538,922   

Magellan Financial Group Ltd.

     17,114         256,778   

Mineral Resources Ltd.(a)

     41,449         213,739   

NIB Holdings Ltd.

     95,124         268,879   

PanAust Ltd.

     67,970         89,312   

Ramsay Health Care Ltd.

     12,209         627,152   

Super Retail Group Ltd.

     25,669         188,450   

TPG Telecom Ltd.(a)

     32,581         228,244   
     

 

 

 
Total Australia               14,408,294   
Belgium – 5.0%      

Anheuser-Busch InBev N.V.

     79,433         9,708,394   

Colruyt S.A.

     9,053         394,167   

Melexis N.V.

     2,600         154,978   
     

 

 

 
Total Belgium               10,257,539   
China – 4.8%      

China Everbright International Ltd.

     147,000         246,105   

China Overseas Land & Investment Ltd.

     372,000         1,201,927   

China Resources Power Holdings Co., Ltd.

     340,000         853,393   

China South City Holdings Ltd.

     310,000         101,560   

CITIC Telecom International Holdings Ltd.

     304,000         109,397   

CNOOC Ltd.

     3,654,000         5,165,431   

Dah Chong Hong Holdings Ltd.(a)

     302,000         148,798   

Franshion Properties China Ltd.

     918,000         278,252   

Guangdong Investment Ltd.

     306,000         400,998   

Lenovo Group Ltd.(a)

     414,000         604,469   

Sun Art Retail Group Ltd.(a)

     597,000         519,763   

Yuexiu Property Co., Ltd.

     1,216,000         238,399   
     

 

 

 
Total China               9,868,492   
Denmark – 3.0%      

GN Store Nord A/S(a)

     3,676         82,018   

Novo Nordisk A/S Class B

     102,028         5,456,356   

Novozymes A/S Class B

     5,814         265,792   

Pandora A/S

     3,974         361,922   

SimCorp A/S(a)

     4,590         150,449   
     

 

 

 
Total Denmark               6,316,537   
Finland – 0.7%      

Kone Oyj Class B

     33,353         1,478,695   
France – 7.5%      

Airbus Group N.V.

     23,406         1,519,343   

Bureau Veritas S.A.

     21,730         466,527   

Dassault Systemes

     5,098       345,707   

Essilor International S.A.

     5,482         628,803   

Eutelsat Communications S.A.

     21,100         698,764   

Iliad S.A.

     306         71,414   

L’Oreal S.A.

     23,421         4,310,163   

LVMH Moet Hennessy Louis Vuitton SE

     22,084         3,893,344   

Plastic Omnium S.A.

     5,349         141,236   

Publicis Groupe S.A.

     8,103         625,109   

Safran S.A.

     18,962         1,323,737   

Societe BIC S.A.

     3,060         435,453   

Technip S.A.

     5,573         337,397   

Valeo S.A.

     3,055         456,233   

Zodiac Aerospace

     9,168         303,565   
     

 

 

 
Total France               15,556,795   
Germany – 12.2%      

adidas AG

     9,339         739,117   

BASF SE

     58,668         5,831,521   

Beiersdorf AG

     4,767         414,188   

Bilfinger SE(a)

     3,512         203,720   

Brenntag AG

     7,186         430,342   

Continental AG

     6,080         1,438,541   

CTS Eventim AG & Co. KGaA

     3,820         120,209   

Deutsche Post AG Registered Shares

     72,763         2,273,700   

ElringKlinger AG

     3,827         115,044   

Evonik Industries AG

     33,037         1,177,993   

Hamburger Hafen und Logistik AG

     6,885         144,525   

Hugo Boss AG

     5,043         613,383   

Infineon Technologies AG

     35,383         422,955   

Leoni AG

     1,981         125,464   

NORMA Group SE

     1,678         84,459   

ProSiebenSat.1 Media AG Registered Shares

     19,609         962,550   

SAP SE

     44,328         3,214,986   

Siemens AG Registered Shares

     54,480         5,892,108   

Software AG

     4,589         119,518   

Symrise AG

     4,121         260,423   

Takkt AG

     6,576         120,382   

United Internet AG Registered Shares

     6,732         306,595   

Wincor Nixdorf AG

     3,521         165,405   
     

 

 

 
Total Germany               25,177,128   
Hong Kong – 1.6%      

Hong Kong & China Gas Co., Ltd.

     451,000         1,043,582   

Hong Kong Exchanges and Clearing Ltd.

     54,300         1,330,702   

Melco International Development Ltd.(a)

     17,000         28,636   

SJM Holdings Ltd.(a)

     606,000         792,571   

Techtronic Industries Co., Ltd.

     29,000         98,000   
     

 

 

 
Total Hong Kong               3,293,491   
Ireland – 0.3%      

Dragon Oil PLC

     25,865         223,149   

Kingspan Group PLC

     8,402         159,134   

Paddy Power PLC

     1,966         168,306   
     

 

 

 
Total Ireland               550,589   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      65   


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Dividend Growth Fund (IHDG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Israel – 0.4%      

Israel Chemicals Ltd.

     109,796       $ 781,358   
Italy – 1.1%      

Brembo SpA

     3,459         141,243   

Brunello Cucinelli SpA(a)

     4,434         77,956   

Luxottica Group SpA

     15,437         979,839   

Pirelli & C. SpA

     30,019         498,436   

Recordati SpA

     12,048         225,148   

Salvatore Ferragamo SpA

     7,646         244,876   

Tod’s SpA(a)

     1,987         180,326   
     

 

 

 
Total Italy               2,347,824   
Japan – 9.1%      

Astellas Pharma, Inc.

     93,900         1,540,531   

FANUC Corp.

     4,700         1,028,768   

Fast Retailing Co., Ltd.(a)

     1,800         697,861   

Fuji Heavy Industries Ltd.

     29,200         971,751   

Hitachi Ltd.(a)

     152,000         1,043,372   

Isuzu Motors Ltd.

     31,000         412,946   

Japan Tobacco, Inc.

     104,200         3,302,165   

JGC Corp.

     10,000         199,166   

KDDI Corp.

     114,300         2,592,897   

Kubota Corp.

     50,200         796,586   

Makita Corp.

     4,200         218,537   

Marubeni Corp.(a)

     122,400         710,364   

Murata Manufacturing Co., Ltd.

     6,840         943,084   

Nabtesco Corp.

     4,600         133,483   

NGK Spark Plug Co., Ltd.(a)

     5,200         140,054   

Nomura Research Institute Ltd.

     11,700         440,976   

Oracle Corp.

     5,800         250,040   

Sanrio Co., Ltd.(a)

     4,700         125,999   

Santen Pharmaceutical Co., Ltd.

     14,500         211,590   

Seiko Epson Corp.

     9,600         170,587   

Shionogi & Co., Ltd.

     15,500         517,636   

SoftBank Corp.

     14,000         814,843   

Start Today Co., Ltd.

     2,900         76,535   

Sumitomo Metal Mining Co., Ltd.

     30,000         439,900   

Sysmex Corp.

     2,700         150,169   

Unicharm Corp.

     10,900         286,486   

Yahoo Japan Corp.

     122,400         506,236   
     

 

 

 
Total Japan               18,722,562   
Netherlands – 4.1%      

ASML Holding N.V.

     8,990         915,222   

Heineken N.V.

     18,487         1,410,303   

Koninklijke Ahold N.V.

     67,249         1,325,336   

Unilever N.V. CVA

     114,854         4,800,288   
     

 

 

 
Total Netherlands               8,451,149   
New Zealand – 0.2%      

Fisher & Paykel Healthcare Corp., Ltd.

     36,720         181,189   

Mainfreight Ltd.(a)

     9,985         115,836   

Ryman Healthcare Ltd.

     14,365         84,455   
     

 

 

 
Total New Zealand               381,480   
Norway – 2.0%      

Schibsted ASA

     2,444       141,683   

Telenor ASA

     149,726         3,026,438   

Yara International ASA

     18,179         924,841   
     

 

 

 
Total Norway               4,092,962   
Portugal – 0.2%      

Jeronimo Martins, SGPS, S.A.

     33,545         421,520   
Singapore – 1.8%      

First Resources Ltd.(a)

     90,400         124,558   

Frasers Centrepoint Ltd.

     152,000         195,028   

Olam International Ltd.

     77,800         112,585   

OSIM International Ltd.

     45,800         65,443   

Sembcorp Industries Ltd.

     122,000         375,330   

Sembcorp Marine Ltd.(a)

     152,000         323,569   

SIA Engineering Co., Ltd.(a)

     107,000         312,802   

Singapore Exchange Ltd.

     106,000         629,030   

Singapore Post Ltd.(a)

     153,000         218,619   

Singapore Technologies Engineering Ltd.(a)

     259,300         657,843   

StarHub Ltd.(a)

     167,200         530,233   

Super Group Ltd.(a)

     108,000         117,314   
     

 

 

 
Total Singapore               3,662,354   
Spain – 2.9%      

Amadeus IT Holding S.A. Class A

     18,640         799,973   

Distribuidora Internacional de Alimentacion S.A.

     31,198         244,129   

Grifols S.A. Class A

     3,057         131,263   

Inditex S.A.

     132,500         4,252,072   

Obrascon Huarte Lain S.A.(a)

     5,966         127,093   

Tecnicas Reunidas S.A.

     3,979         167,092   

Viscofan S.A.

     3,977         243,037   
     

 

 

 
Total Spain               5,964,659   
Sweden – 4.2%      

AddTech AB Class B

     10,710         143,747   

Assa Abloy AB Class B

     14,368         856,344   

Atlas Copco AB Class A

     51,488         1,667,500   

Atlas Copco AB Class B

     20,646         610,231   

Betsson AB*

     4,559         171,173   

Getinge AB Class B(a)

     13,447         333,055   

Hennes & Mauritz AB Class B

     109,422         4,434,458   

Hexagon AB Class B

     10,655         378,804   

Hexpol AB

     1,391         140,244   
     

 

 

 
Total Sweden               8,735,556   
Switzerland – 12.4%      

ABB Ltd. Registered Shares*

     158,214         3,360,398   

Adecco S.A. Registered Shares*

     10,415         868,542   

Cie Financiere Richemont S.A. Registered Shares

     12,820         1,033,467   

EMS-Chemie Holding AG Registered Shares

     1,371         559,311   

Geberit AG Registered Shares

     1,983         745,182   

Givaudan S.A. Registered Shares*

     605         1,097,509   

Partners Group Holding AG

     1,683         503,358   

Roche Holding AG Bearer Shares

     9,455         2,589,344   

Roche Holding AG Genusschein

     40,644         11,218,631   

SGS S.A. Registered Shares

     492         942,160   

 

See Notes to Financial Statements.

 

66   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Hedged Dividend Growth Fund (IHDG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Sonova Holding AG Registered Shares

     1,988       $ 276,924   

Straumann Holding AG Registered Shares

     611         167,328   

Swatch Group AG (The) Bearer Shares

     918         389,486   

Syngenta AG Registered Shares

     5,671         1,930,814   
     

 

 

 
Total Switzerland               25,682,454   
United Kingdom – 18.5%      

Abcam PLC

     3,823         27,553   

Admiral Group PLC

     15,591         354,116   

Aggreko PLC

     10,107         229,109   

Amec Foster Wheeler PLC

     17,566         236,125   

ARM Holdings PLC

     17,107         280,619   

Ashtead Group PLC

     9,332         150,170   

Bellway PLC

     6,580         193,504   

Berkeley Group Holdings PLC

     15,150         593,516   

BG Group PLC

     79,689         980,694   

BHP Billiton PLC

     130,354         2,851,379   

Bodycote PLC

     12,233         130,570   

Booker Group PLC

     75,725         163,787   

British American Tobacco PLC

     124,101         6,426,796   

Diageo PLC

     103,920         2,868,639   

Dunelm Group PLC

     11,006         137,243   

Elementis PLC

     23,085         99,451   

Fresnillo PLC

     14,676         148,693   

GlaxoSmithKline PLC

     319,305         7,328,173   

Hargreaves Lansdown PLC

     13,473         230,408   

Hikma Pharmaceuticals PLC

     4,438         140,329   

Howden Joinery Group PLC

     22,899         150,796   

IMI PLC

     14,366         271,911   

ITV PLC

     136,434         512,215   

John Wood Group PLC

     12,386         116,758   

Johnson Matthey PLC

     6,731         338,335   

Marks & Spencer Group PLC

     101,114         803,056   

Michael Page International PLC

     21,554         166,864   

Micro Focus International PLC

     10,291         180,421   

Morgan Advanced Materials PLC

     25,651         129,659   

N Brown Group PLC

     20,645         97,520   

Next PLC

     5,200         542,288   

Persimmon PLC*

     26,940         665,075   

Reckitt Benckiser Group PLC

     31,408         2,704,262   

Restaurant Group PLC (The)

     14,520         145,173   

Rightmove PLC

     2,292         101,972   

Rolls-Royce Holdings PLC*

     60,224         852,007   

Rotork PLC

     3,669         134,968   

Sky PLC

     95,353         1,405,608   

Smith & Nephew PLC

     27,530         467,533   

Spectris PLC

     4,893         156,895   

Spirax-Sarco Engineering PLC

     3,975         201,220   

Taylor Wimpey PLC

     56,474         129,861   

Telecity Group PLC

     9,026         117,242   

Travis Perkins PLC

     10,549         305,370   

Unilever PLC

     70,755         2,956,760   

Victrex PLC

     5,201         144,767   

Weir Group PLC (The)

     7,190         181,557   

Whitbread PLC

     5,815       452,768   

William Hill PLC

     57,608         317,190   
     

 

 

 
Total United Kingdom               38,320,925   

TOTAL COMMON STOCKS

(Cost: $204,198,987)

              204,472,363   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%      
United States – 2.5%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $5,100,775)(c)      5,100,775         5,100,775   
TOTAL INVESTMENTS IN SECURITIES – 101.5%
(Cost: $209,299,762)
        209,573,138   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (1.5)%

        (3,120,671
     

 

 

 
NET ASSETS – 100.0%             $ 206,452,467   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $5,145,269 and the total market value of the collateral held by the Fund was $5,438,176. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $337,401. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      67   


Table of Contents

Schedule of Investments

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 10.6%      

AMP Ltd.

     91,310       $ 449,231   

Australia & New Zealand Banking Group Ltd.

     166,454         4,659,236   

BHP Billiton Ltd.

     142,512         3,378,300   

Brambles Ltd.

     35,298         310,647   

Commonwealth Bank of Australia

     98,156         7,003,719   

CSL Ltd.

     10         704   

Macquarie Group Ltd.

     14,859         870,322   

National Australia Bank Ltd.

     150,826         4,441,867   

Origin Energy Ltd.

     14,673         126,779   

QBE Insurance Group Ltd.

     27,465         273,604   

Rio Tinto Ltd.

     17,967         785,533   

Suncorp Group Ltd.

     70,116         723,129   

Telstra Corp., Ltd.

     896,722         4,322,671   

Wesfarmers Ltd.

     64,582         2,168,873   

Westpac Banking Corp.

     205,373         6,178,514   

Woodside Petroleum Ltd.

     31,809         838,853   

Woolworths Ltd.(a)

     57,011         1,284,395   
     

 

 

 
Total Australia               37,816,377   
Austria – 0.1%      

Erste Group Bank AG

     9,207         226,788   

OMV AG

     3,221         88,421   
     

 

 

 
Total Austria               315,209   
Belgium – 1.3%      

Anheuser-Busch InBev N.V.

     35,036         4,282,141   

Solvay S.A.

     3,237         467,768   
     

 

 

 
Total Belgium               4,749,909   
China – 4.1%      

BOC Hong Kong Holdings Ltd.(a)

     357,715         1,275,733   

China Mobile Ltd.

     753,486         9,835,198   

China Overseas Land & Investment Ltd.

     166,000         536,344   

China Unicom Hong Kong Ltd.

     211,522         321,933   

CNOOC Ltd.

     1,738,529         2,457,649   
     

 

 

 
Total China               14,426,857   
Denmark – 0.8%      

AP Moeller – Maersk A/S Class B(a)

     104         217,389   

Coloplast A/S Class B

     3,385         255,967   

Danske Bank A/S

     5,127         135,251   

Novo Nordisk A/S Class B

     41,635         2,226,599   
     

 

 

 
Total Denmark               2,835,206   
Finland – 0.7%      

Fortum Oyj(a)

     58,589         1,230,804   

Kone Oyj Class B

     20,582         912,497   

Sampo Oyj Class A

     10,204         515,297   
     

 

 

 
Total Finland               2,658,598   
France – 11.5%      

Air Liquide S.A.

     9,089         1,169,438   

Airbus Group N.V.

     14,726         955,902   

AXA S.A.

     84,532         2,129,417   

BNP Paribas S.A.

     25,796         1,567,266   

Bouygues S.A.

     9,484       372,190   

Bureau Veritas S.A.

     8,760         188,071   

Carrefour S.A.

     33,913         1,132,377   

Casino Guichard Perrachon S.A.

     6,606         585,537   

Christian Dior SE

     2,828         533,800   

Cie de Saint-Gobain

     17,885         785,531   

Cie Generale des Etablissements Michelin

     3,784         376,368   

Credit Agricole S.A.

     24,168         354,954   

Danone S.A.

     14,201         955,072   

Dassault Systemes

     2,065         140,032   

Electricite de France S.A.

     75,847         1,819,809   

Essilor International S.A.

     3,334         382,420   

GDF Suez

     156,058         3,084,793   

Kering

     2,911         568,382   

L’Oreal S.A.

     8,498         1,563,886   

Lafarge S.A.

     1,855         120,233   

LVMH Moet Hennessy Louis Vuitton SE

     9,266         1,633,568   

Natixis S.A.

     66,253         495,315   

Orange S.A.

     198,890         3,196,641   

Pernod Ricard S.A.

     6,001         709,925   

Publicis Groupe S.A.

     2,351         181,369   

Renault S.A.

     5,553         505,561   

Safran S.A.

     10,627         741,871   

Sanofi

     42,815         4,227,244   

Schneider Electric SE

     14,723         1,144,034   

Societe Generale S.A.

     9,197         444,195   

Sodexo S.A.

     2,276         221,929   

Total S.A.(a)

     104,793         5,208,142   

Unibail-Rodamco SE(a)

     2,033         548,153   

Vinci S.A.

     21,801         1,246,341   

Vivendi S.A.*

     56,536         1,404,142   
     

 

 

 
Total France               40,693,908   
Germany – 9.0%      

adidas AG

     6,147         486,492   

Allianz SE Registered Shares

     13,874         2,411,674   

BASF SE

     29,016         2,884,152   

Bayer AG Registered Shares

     19,125         2,874,607   

Bayerische Motoren Werke AG

     19,324         2,416,800   

Continental AG

     2,291         542,056   

Daimler AG Registered Shares

     40,678         3,920,138   

Deutsche Bank AG Registered Shares(a)

     7,426         258,088   

Deutsche Boerse AG

     7,978         651,710   

Deutsche Post AG Registered Shares

     53,637         1,676,050   

Deutsche Telekom AG Registered Shares

     190,210         3,483,067   

E.ON SE

     14,677         218,871   

Evonik Industries AG

     12,869         458,867   

Fresenius Medical Care AG & Co. KGaA

     9         749   

Infineon Technologies AG

     10,947         130,856   

Linde AG

     5,368         1,093,376   

Merck KGaA

     1,200         134,744   

Muenchener Rueckversicherungs-Gesellschaft AG Registered Shares

     9,323         2,010,089   

RWE AG

     15,729         401,714   

SAP SE

     19,348         1,403,256   

 

See Notes to Financial Statements.

 

68   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Siemens AG Registered Shares

     27,520       $ 2,976,337   

Volkswagen AG

     5,556         1,432,412   
     

 

 

 
Total Germany               31,866,105   
Hong Kong – 3.1%      

AIA Group Ltd.

     30,000         188,829   

CK Hutchison Holdings Ltd.

     93,065         1,906,182   

CLP Holdings Ltd.

     13,000         113,600   

Hang Lung Properties Ltd.

     103,000         289,615   

Hang Seng Bank Ltd.

     78,495         1,422,479   

Henderson Land Development Co., Ltd.

     1,100         7,725   

Hong Kong & China Gas Co., Ltd.

     175,000         404,937   

Hong Kong Exchanges and Clearing Ltd.

     41,100         1,007,216   

Hutchison Whampoa Ltd.

     125,000         1,734,801   

MTR Corp., Ltd.

     157,000         747,228   

Power Assets Holdings Ltd.

     72,500         741,547   

SJM Holdings Ltd.(a)

     256,699         335,730   

Sun Hung Kai Properties Ltd.

     103,442         1,595,716   

Swire Properties Ltd.

     56,800         184,985   

Wharf Holdings Ltd. (The)

     59,000         412,077   
     

 

 

 
Total Hong Kong               11,092,667   
Ireland – 0.1%      

CRH PLC

     19,238         499,779   
Israel – 0.5%      

Teva Pharmaceutical Industries Ltd.

     26,372         1,655,255   
Italy – 2.6%      

Assicurazioni Generali SpA

     25,069         492,980   

Atlantia SpA

     19,177         503,575   

Enel SpA

     489,115         2,212,603   

Eni SpA

     176,888         3,064,340   

Intesa Sanpaolo SpA

     315,250         1,071,939   

Luxottica Group SpA

     6,201         393,598   

Snam SpA

     197,182         957,216   

UniCredit SpA

     72,069         489,955   
     

 

 

 
Total Italy               9,186,206   
Japan – 11.4%      

Astellas Pharma, Inc.

     76,300         1,251,784   

Bridgestone Corp.

     12,000         481,901   

Canon, Inc.

     51,900         1,838,409   

Dai-ichi Life Insurance Co., Ltd. (The)(a)

     16,800         244,523   

Daiwa Securities Group, Inc.(a)

     42,000         331,307   

Denso Corp.

     15,300         699,520   

East Japan Railway Co.(a)

     8,100         651,107   

FANUC Corp.

     2,500         547,217   

Fast Retailing Co., Ltd.(a)

     400         155,080   

Fuji Heavy Industries Ltd.

     8,700         289,528   

FUJIFILM Holdings Corp.

     10,000         356,598   

Hitachi Ltd.(a)

     96,000         658,972   

Honda Motor Co., Ltd.(a)

     42,800         1,392,941   

Hoya Corp.

     4,900         196,838   

ITOCHU Corp.(a)

     63,700         691,312   

Japan Tobacco, Inc.(a)

     44,109         1,397,842   

Kao Corp.

     17,400         870,544   

KDDI Corp.

     44,820       1,016,742   

Kirin Holdings Co., Ltd.

     24,800         326,117   

Komatsu Ltd.

     25,300         498,405   

Kubota Corp.

     21,000         333,233   

Kyocera Corp.

     10,000         549,677   

Mitsubishi Corp.(a)

     55,800         1,126,236   

Mitsubishi Electric Corp.

     21,000         250,144   

Mitsubishi Heavy Industries Ltd.

     59,000         325,834   

Mitsubishi UFJ Financial Group, Inc.

     297,600         1,845,529   

Mitsui & Co., Ltd.

     67,300         904,629   

Mizuho Financial Group, Inc.(a)

     559,698         985,218   

MS&AD Insurance Group Holdings, Inc.(a)

     12,500         351,261   

Murata Manufacturing Co., Ltd.

     2,500         344,695   

Nippon Steel & Sumitomo Metal Corp.(a)

     166,000         418,720   

Nippon Telegraph & Telephone Corp.

     40,694         2,510,015   

Nissan Motor Co., Ltd.

     145,100         1,480,946   

Nomura Holdings, Inc.

     73,900         435,174   

NTT DOCOMO, Inc.(a)

     113,400         1,972,030   

Oriental Land Co., Ltd.(a)

     2,800         212,349   

Panasonic Corp.(a)

     18,600         244,588   

Seven & I Holdings Co., Ltd.

     6,400         269,662   

Shin-Etsu Chemical Co., Ltd.

     8,700         569,481   

SoftBank Corp.

     6,400         372,499   

Sumitomo Corp.(a)

     50,300         539,176   

Sumitomo Mitsui Financial Group, Inc.(a)

     31,400         1,204,812   

Sumitomo Mitsui Trust Holdings, Inc.(a)

     65,000         268,564   

Takeda Pharmaceutical Co., Ltd.(a)

     27,000         1,350,619   

Tokio Marine Holdings, Inc.

     14,000         529,823   

Tokyo Gas Co., Ltd.

     51,000         321,586   

Toshiba Corp.(a)

     88,000         369,978   

Toyota Motor Corp.(a)

     88,300         6,172,349   

Yahoo Japan Corp.(a)

     45,700         189,011   
     

 

 

 
Total Japan               40,344,525   
Netherlands – 1.9%      

Aegon N.V.

     43,560         343,811   

Akzo Nobel N.V.

     4,551         344,197   

ASML Holding N.V.(a)

     3,825         389,402   

Heineken N.V.(a)

     16,150         1,232,022   

Koninklijke Ahold N.V.

     39,687         782,147   

Koninklijke DSM N.V.

     4,106         229,180   

Koninklijke Philips N.V.

     30,894         876,785   

Reed Elsevier N.V.

     15,732         391,822   

Unilever N.V. CVA

     48,597         2,031,097   
     

 

 

 
Total Netherlands               6,620,463   
Norway – 1.2%      

DNB ASA

     56,582         910,608   

Statoil ASA(a)

     111,186         1,970,116   

Telenor ASA

     73,656         1,488,822   
     

 

 

 
Total Norway               4,369,546   
Portugal – 0.3%      

EDP-Energias de Portugal S.A.

     209,014         782,316   

Galp Energia, SGPS, S.A.

     19,895         215,061   
     

 

 

 
Total Portugal               997,377   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      69   


Table of Contents

Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Singapore – 1.5%      

DBS Group Holdings Ltd.

     46,500       $ 690,195   

Keppel Corp., Ltd.(a)

     46,500         305,096   

Oversea-Chinese Banking Corp., Ltd.

     114,561         882,780   

Singapore Telecommunications Ltd.

     843,500         2,693,395   

United Overseas Bank Ltd.

     29,000         486,258   

Wilmar International Ltd.

     90,000         213,895   
     

 

 

 
Total Singapore               5,271,619   
Spain – 5.6%      

Abertis Infraestructuras S.A.

     19,613         354,619   

ACS Actividades de Construccion y Servicios S.A.

     3,941         139,677   

Amadeus IT Holding S.A. Class A

     5,084         218,190   

Banco Bilbao Vizcaya Argentaria S.A.

     128,648         1,299,884   

Banco Santander S.A.

     831,345         6,265,228   

CaixaBank S.A.

     330,440         1,566,850   

Endesa S.A.

     41,161         795,724   

Ferrovial S.A.

     35,394         752,660   

Gas Natural SDG S.A.

     54,512         1,224,487   

Iberdrola S.A.

     269,571         1,737,694   

Inditex S.A.

     55,307         1,774,863   

Repsol S.A.

     62,399         1,161,731   

Telefonica S.A.

     193,595         2,757,032   
     

 

 

 
Total Spain               20,048,639   
Sweden – 3.1%      

Atlas Copco AB Class A

     28,840         934,017   

Hennes & Mauritz AB Class B

     51,024         2,067,809   

Nordea Bank AB

     122,948         1,501,200   

Sandvik AB(a)

     54,837         613,288   

Skandinaviska Enskilda Banken AB Class A

     52,694         616,511   

Svenska Cellulosa AB SCA Class B

     9,164         211,141   

Svenska Handelsbanken AB Class A

     21,469         969,137   

Swedbank AB Class A(a)

     45,400         1,084,982   

Telefonaktiebolaget LM Ericsson Class B

     117,019         1,470,871   

TeliaSonera AB

     167,316         1,063,180   

Volvo AB Class B(a)

     55,281         668,573   
     

 

 

 
Total Sweden               11,200,709   
Switzerland – 9.8%      

ABB Ltd. Registered Shares*

     71,630         1,521,391   

Cie Financiere Richemont S.A. Registered Shares

     4,862         391,943   

Credit Suisse Group AG Registered Shares*

     29,079         783,783   

Givaudan S.A. Registered Shares*

     207         375,511   

Holcim Ltd. Registered Shares*

     3,502         261,938   

Kuehne + Nagel International AG Registered Shares

     4,502         669,761   

Nestle S.A. Registered Shares

     91,383         6,905,706   

Novartis AG Registered Shares

     85,261         8,440,075   

Roche Holding AG Bearer Shares

     729         199,644   

Roche Holding AG Genusschein

     22,048         6,085,729   

SGS S.A. Registered Shares

     202         386,822   

Swatch Group AG (The) Bearer Shares

     822         348,755   

Swatch Group AG (The) Registered Shares

     5         419   

Swiss Re AG

     26,750         2,591,553   

Swisscom AG Registered Shares

     2,685         1,560,468   

Syngenta AG Registered Shares

     2,860       973,749   

Transocean Ltd.(a)

     23,590         341,476   

UBS Group AG*

     28,731         541,905   

Zurich Insurance Group AG*

     6,768         2,294,556   
     

 

 

 
Total Switzerland               34,675,184   
United Kingdom – 20.2%      

Anglo American PLC

     48,884         734,392   

Antofagasta PLC

     71,871         781,523   

Associated British Foods PLC

     23,433         980,278   

AstraZeneca PLC

     59,252         4,069,454   

Aviva PLC

     160,139         1,283,723   

BAE Systems PLC

     163,414         1,269,950   

Barclays PLC

     312,957         1,127,083   

BG Group PLC

     40,627         499,977   

BHP Billiton PLC

     76,130         1,665,277   

BP PLC

     848,939         5,503,515   

British American Tobacco PLC

     65,980         3,416,894   

BT Group PLC

     278,947         1,813,745   

Centrica PLC

     253,055         950,421   

Compass Group PLC

     84,586         1,471,657   

Diageo PLC

     47,864         1,321,252   

GlaxoSmithKline PLC

     226,059         5,188,141   

HSBC Holdings PLC

     722,106         6,153,091   

Imperial Tobacco Group PLC

     36,431         1,602,445   

Kingfisher PLC

     91         514   

Legal & General Group PLC

     342,712         1,417,395   

National Grid PLC

     152,918         1,962,929   

Old Mutual PLC

     218,574         720,655   

Pearson PLC

     34,483         742,768   

Prudential PLC

     65,427         1,623,954   

Reckitt Benckiser Group PLC

     24,921         2,145,725   

Reed Elsevier PLC

     17,411         299,563   

Rio Tinto PLC

     53,635         2,207,100   

Rolls-Royce Holdings PLC*

     26,635         376,813   

Royal Dutch Shell PLC Class A

     175,507         5,231,650   

Royal Dutch Shell PLC Class B

     101,217         3,153,889   

SABMiller PLC

     13,807         725,576   

Sky PLC

     65,183         960,869   

SSE PLC

     61,607         1,370,006   

Standard Chartered PLC

     73,915         1,199,864   

Standard Life PLC

     77         541   

Unilever PLC

     44,499         1,859,556   

Vodafone Group PLC

     1,784,199         5,838,939   
     

 

 

 
Total United Kingdom               71,671,124   

TOTAL COMMON STOCKS

(Cost: $319,961,000)

              352,995,262   
RIGHTS – 0.0%      
Spain – 0.0%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 4/14/15*

     128,648         18,515   

Telefonica S.A., expiring 4/10/15*

     193,595         31,188   
TOTAL RIGHTS
(Cost: $18,213)
              49,703   

 

See Notes to Financial Statements.

 

70   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree International MidCap Dividend Fund(a)(b)

     
(Cost: $528,639)      9,015       $ 531,164   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.3%      
United States – 6.3%      
State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)
(Cost: $22,382,638)(d)
     22,382,638         22,382,638   
TOTAL INVESTMENTS IN SECURITIES – 105.8%
(Cost: $342,890,490)
         375,958,767   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (5.8)%

        (20,685,741
     

 

 

 
NET ASSETS – 100.0%             $ 355,273,026   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $21,432,994 and the total market value of the collateral held by the Fund was $22,667,517. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $284,879. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      71   


Table of Contents

Schedule of Investments

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%      
Australia – 8.6%      

AGL Energy Ltd.

     41,888       $ 486,405   

ALS Ltd.(a)

     32,855         124,494   

Amcor Ltd.

     64,880         695,894   

Ansell Ltd.

     8,239         173,405   

Aristocrat Leisure Ltd.

     14,990         96,537   

ASX Ltd.

     17,546         555,071   

Aurizon Holdings Ltd.

     122,174         452,674   

Bank of Queensland Ltd.

     44,283         466,516   

Bendigo & Adelaide Bank Ltd.(a)

     62,802         602,119   

Boral Ltd.(a)

     17,629         85,924   

Caltex Australia Ltd.

     13,360         356,713   

Coca-Cola Amatil Ltd.(a)

     94,523         778,433   

Cochlear Ltd.(a)

     2,814         194,617   

Computershare Ltd.

     25,284         245,696   

Crown Resorts Ltd.

     47,976         490,027   

Flight Centre Travel Group Ltd.(a)

     8,348         252,866   

Fortescue Metals Group Ltd.(a)

     335,000         501,610   

Harvey Norman Holdings Ltd.

     67,052         227,948   

Incitec Pivot Ltd.

     74,922         232,953   

Insurance Australia Group Ltd.(a)

     283,131         1,319,417   

Leighton Holdings Ltd.(a)

     31,078         502,144   

Lend Lease Group

     38,362         487,663   

Navitas Ltd.(a)

     10,972         41,072   

Orica Ltd.(a)

     35,770         546,803   

Platinum Asset Management Ltd.(a)

     59,303         354,281   

Ramsay Health Care Ltd.

     11,524         591,965   

REA Group Ltd.(a)

     6,269         231,223   

Santos Ltd.

     40,186         219,199   

Seek Ltd.

     18,077         236,426   

Sonic Healthcare Ltd.(a)

     27,204         424,794   

Tatts Group Ltd.

     177,282         539,030   

Toll Holdings Ltd.

     73,227         495,644   

TPG Telecom Ltd.(a)

     30,347         212,594   

Treasury Wine Estates Ltd.

     25,920         101,384   

WorleyParsons Ltd.

     16,602         121,124   
     

 

 

 
Total Australia               13,444,665   
Austria – 1.0%      

Andritz AG

     3,971         237,467   

Oesterreichische Post AG

     4,029         198,183   

UNIQA Insurance Group AG

     17,197         155,532   

Verbund AG(a)

     20,384         341,084   

Vienna Insurance Group AG Wiener Versicherung Gruppe

     6,085         269,254   

Voestalpine AG

     9,188         336,446   
     

 

 

 
Total Austria               1,537,966   
Belgium – 2.5%      

Ackermans & van Haaren N.V.

     441         51,697   

Ageas

     17,223         617,909   

Belgacom S.A.(a)

     46,760         1,635,924   

bpost S.A.

     15,596         437,261   

Colruyt S.A.

     6,205         270,165   

Delhaize Group S.A.

     4,870       437,887   

Elia System Operator S.A./N.V.

     3,952         166,298   

Umicore S.A.

     5,538         231,251   
     

 

 

 
Total Belgium               3,848,392   
China – 2.6%      

Beijing Enterprises Holdings Ltd.

     24,200         190,402   

China Everbright International Ltd.

     50,000         83,709   

China Merchants Holdings International Co., Ltd.

     115,197         450,949   

China Resources Power Holdings Co., Ltd.

     256,000         642,555   

China South City Holdings Ltd.(a)

     224,000         73,385   

CITIC Ltd.(a)

     150,773         258,255   

CSPC Pharmaceutical Group Ltd.

     98,000         82,920   

Fosun International Ltd.(a)

     201,900         391,141   

Franshion Properties China Ltd.

     717,242         217,401   

Guangdong Investment Ltd.

     288,208         377,683   

Lenovo Group Ltd.(a)

     334,453         488,325   

Shanghai Industrial Holdings Ltd.

     29,500         90,938   

Sino-Ocean Land Holdings Ltd.

     632,964         382,895   

Sun Art Retail Group Ltd.(a)

     467,000         406,582   
     

 

 

 
Total China               4,137,140   
Denmark – 1.4%      

Carlsberg A/S Class B(a)

     2,417         199,448   

Chr Hansen Holding A/S

     3,258         149,505   

DSV A/S

     1,702         52,924   

GN Store Nord A/S(a)

     2,173         48,483   

Pandora A/S(a)

     4,743         431,957   

TDC A/S

     103,494         740,943   

Tryg A/S(a)

     4,275         504,261   
     

 

 

 
Total Denmark               2,127,521   
Finland – 2.2%      

Elisa Oyj(a)

     14,996         376,873   

Kesko Oyj Class B

     3,654         156,073   

Metso Oyj(a)

     5,820         169,831   

Neste Oil Oyj(a)

     16,857         441,748   

Nokian Renkaat Oyj(a)

     9,660         288,939   

Orion Oyj Class B(a)

     10,461         295,371   

Stora Enso Oyj Class R

     44,288         456,151   

UPM-Kymmene Oyj

     47,203         918,612   

Wartsila Oyj Abp

     8,209         363,415   
     

 

 

 
Total Finland               3,467,013   
France – 6.9%      

Accor S.A.

     7,708         402,164   

Aeroports de Paris

     3,147         376,180   

Arkema S.A.

     2,553         202,162   

AtoS

     949         65,506   

Cap Gemini S.A.

     6,081         498,772   

Edenred

     11,458         285,681   

Eiffage S.A.

     5,225         310,773   

Euler Hermes Group

     4,706         500,875   

Eurazeo S.A.

     1,393         95,495   

Eutelsat Communications S.A.

     12,663         419,358   

Groupe Eurotunnel SE Registered Shares

     8,754         125,420   

 

See Notes to Financial Statements.

 

72   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Havas S.A.

     14,445       $ 109,528   

Imerys S.A.

     3,664         268,966   

Ingenico

     595         65,373   

Ipsen S.A.

     3,550         167,778   

JCDecaux S.A.

     7,240         244,120   

Klepierre

     12,726         624,478   

Lagardere SCA

     8,541         256,294   

Metropole Television S.A.

     9,562         191,528   

Neopost S.A.(a)

     3,417         187,713   

Rallye S.A.

     3,020         113,587   

Remy Cointreau S.A.

     1,739         127,936   

Rexel S.A.

     18,022         339,981   

Rubis SCA(a)

     1,321         83,863   

SCOR SE

     14,917         503,295   

SEB S.A.

     1,675         120,710   

Societe BIC S.A.

     3,018         429,476   

Societe Television Francaise 1

     11,122         197,093   

Suez Environnement Co.

     34,808         599,075   

Technip S.A.

     4,087         247,433   

Thales S.A.

     8,058         447,427   

Valeo S.A.

     3,190         476,394   

Vallourec S.A.

     4,356         106,315   

Veolia Environnement S.A.

     47,069         890,475   

Vicat

     1,544         113,076   

Wendel S.A.

     729         86,829   

Zodiac Aerospace

     11,678         386,675   
     

 

 

 
Total France               10,667,804   
Germany – 5.5%      

Axel Springer SE

     6,831         403,507   

Bilfinger SE

     2,809         162,941   

Brenntag AG

     3,442         206,128   

Celesio AG

     3,396         100,301   

Deutsche Wohnen AG Bearer Shares

     7,841         200,762   

DMG MORI SEIKI AG Bearer Shares

     1,962         64,480   

Duerr AG

     853         93,902   

Fielmann AG

     4,858         325,676   

Fraport AG Frankfurt Airport Services Worldwide

     3,518         210,340   

Freenet AG

     11,790         355,498   

GEA Group AG

     7,668         370,924   

Hannover Rueck SE

     7,980         824,484   

Hochtief AG

     2,041         154,714   

Hugo Boss AG

     3,733         454,046   

K+S AG Registered Shares

     2,021         66,007   

LEG Immobilien AG*

     1,931         153,198   

MTU Aero Engines AG

     1,378         135,151   

ProSiebenSat.1 Media AG Registered Shares

     13,462         660,811   

Rhoen Klinikum AG

     4,526         112,433   

Software AG

     2,578         67,143   

Stada Arzneimittel AG

     1,848         61,716   

Suedzucker AG(a)

     25,054         306,751   

Symrise AG

     6,238         394,205   

Talanx AG

     15,332         480,906   

Telefonica Deutschland Holding AG*

     210,301         1,214,241   

TUI AG

     30,314         534,164   

United Internet AG Registered Shares

     6,430       292,841   

Wacker Chemie AG(a)

     1,419         164,212   
     

 

 

 
Total Germany               8,571,482   
Hong Kong – 2.5%      

Bank of East Asia Ltd. (The)

     129,322         514,582   

Cathay Pacific Airways Ltd.

     115,774         267,893   

Hang Lung Group Ltd.

     38,000         173,261   

Hopewell Holdings Ltd.

     43,162         162,003   

Hysan Development Co., Ltd.

     68,000         298,205   

Melco International Development Ltd.(a)

     19,000         32,005   

New World Development Co., Ltd.

     452,642         524,858   

PCCW Ltd.

     561,543         342,588   

Sino Land Co., Ltd.

     383,046         624,490   

Techtronic Industries Co., Ltd.

     27,500         92,931   

Television Broadcasts Ltd.

     42,824         264,300   

Wheelock & Co., Ltd.

     107,000         547,210   
     

 

 

 
Total Hong Kong               3,844,326   
Ireland – 0.6%      

DCC PLC

     4,131         246,709   

Dragon Oil PLC

     21,602         186,370   

Glanbia PLC

     3,661         67,885   

Paddy Power PLC

     2,113         180,891   

Smurfit Kappa Group PLC

     8,019         225,128   
     

 

 

 
Total Ireland               906,983   
Israel – 1.1%      

Azrieli Group

     2,395         98,590   

Bank Hapoalim BM

     13,279         63,979   

Bezeq Israeli Telecommunication Corp., Ltd.

     479,708         895,072   

Elbit Systems Ltd.

     1,011         72,812   

Israel Chemicals Ltd.

     79,546         566,085   

Osem Investments Ltd.

     3,171         63,457   
     

 

 

 
Total Israel               1,759,995   
Italy – 3.1%      

A2A SpA(a)

     163,736         170,137   

ACEA SpA

     11,425         146,632   

Azimut Holding SpA

     6,171         176,097   

Banca Generali SpA

     6,569         205,797   

Brembo SpA

     2,197         89,711   

Davide Campari-Milano SpA

     12,663         88,332   

De’ Longhi(a)

     9,036         195,937   

GTECH SpA(a)

     10,980         217,572   

Hera SpA

     104,613         245,607   

Italcementi SpA

     9,679         77,185   

Mediolanum SpA(a)

     45,749         369,245   

Moncler SpA(a)

     3,949         66,206   

Parmalat SpA

     65,134         174,045   

Pirelli & C. SpA

     23,210         385,380   

Prysmian SpA

     7,923         163,293   

Recordati SpA

     6,740         125,954   

Salvatore Ferragamo SpA

     4,605         147,483   

Societa Iniziative Autostradali e Servizi SpA

     20,348         236,458   

Telecom Italia SpA RSP

     277,423         260,708   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      73   


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Terna Rete Elettrica Nazionale SpA

     179,512       $ 790,463   

Tod’s SpA(a)

     1,362         123,606   

Unione di Banche Italiane SCpA

     13,056         102,151   

Unipol Gruppo Finanziario SpA

     23,057         122,231   

UnipolSai SpA

     72,276         210,517   
     

 

 

 
Total Italy               4,890,747   
Japan – 23.4%      

ABC-Mart, Inc.(a)

     1,678         98,364   

Aeon Co., Ltd.(a)

     28,399         312,348   

Air Water, Inc.

     7,000         125,378   

Aisin Seiki Co., Ltd.

     11,324         411,696   

Ajinomoto Co., Inc.(a)

     10,319         226,687   

Alfresa Holdings Corp.

     5,800         81,976   

Amada Co., Ltd.(a)

     14,200         136,997   

ANA Holdings, Inc.(a)

     66,000         177,101   

Aozora Bank Ltd.(a)

     128,000         454,684   

Asahi Glass Co., Ltd.(a)

     40,141         263,757   

Asahi Kasei Corp.(a)

     55,000         526,954   

Asics Corp.

     3,430         93,526   

Bandai Namco Holdings, Inc.

     11,900         231,997   

Bank of Yokohama Ltd. (The)

     43,000         252,424   

Benesse Holdings, Inc.

     3,300         104,015   

Brother Industries Ltd.(a)

     9,500         151,541   

Casio Computer Co., Ltd.(a)

     5,800         110,221   

Chiba Bank Ltd. (The)

     34,000         250,056   

Chugoku Bank Ltd. (The)

     6,700         100,284   

Chugoku Electric Power Co., Inc. (The)(a)

     20,900         272,916   

Citizen Holdings Co., Ltd.(a)

     9,200         70,731   

Dai Nippon Printing Co., Ltd.

     29,958         291,774   

Daicel Corp.

     9,200         109,932   

Daihatsu Motor Co., Ltd.(a)

     21,100         323,384   

Daiichi Sankyo Co., Ltd.(a)

     36,900         586,769   

Daito Trust Construction Co., Ltd.(a)

     4,820         539,575   

Daiwa House Industry Co., Ltd.

     23,400         462,634   

Dentsu, Inc.(a)

     3,600         154,597   

Dowa Holdings Co., Ltd.

     10,000         85,720   

Eisai Co., Ltd.(a)

     16,800         1,195,647   

Electric Power Development Co., Ltd.

     6,400         216,135   

FamilyMart Co., Ltd.

     4,400         184,916   

Fuji Electric Co., Ltd.

     22,876         108,157   

Fukuoka Financial Group, Inc.

     51,000         263,240   

Hachijuni Bank Ltd. (The)

     14,000         98,995   

Hamamatsu Photonics K.K.

     4,700         142,460   

Hankyu Hanshin Holdings, Inc.

     33,000         204,453   

Hikari Tsushin, Inc.

     1,600         103,932   

Hino Motors Ltd.(a)

     25,200         360,375   

Hiroshima Bank Ltd. (The)

     32,075         173,313   

Hisamitsu Pharmaceutical Co., Inc.

     3,700         152,103   

Hitachi Construction Machinery Co., Ltd.(a)

     9,400         164,760   

Hitachi High-Technologies Corp.

     3,800         116,131   

Hitachi Metals Ltd.

     6,000         92,308   

Hokuhoku Financial Group, Inc.

     58,000         129,614   

Hulic Co., Ltd.(a)

     4,300         48,441   

Ibiden Co., Ltd.(a)

     4,400         74,370   

IHI Corp.(a)

     43,553       204,464   

Iida Group Holdings Co., Ltd.(a)

     8,500         106,175   

Isetan Mitsukoshi Holdings Ltd.(a)

     6,434         106,657   

Isuzu Motors Ltd.

     25,000         333,021   

Iyo Bank Ltd. (The)

     14,100         167,777   

J. Front Retailing Co., Ltd.(a)

     6,200         97,659   

Japan Airlines Co., Ltd.

     17,700         551,995   

Japan Exchange Group, Inc.

     7,400         215,043   

JFE Holdings, Inc.(a)

     18,800         416,053   

JGC Corp.(a)

     7,000         139,416   

Joyo Bank Ltd. (The)(a)

     46,000         237,048   

JSR Corp.

     8,300         144,164   

JTEKT Corp.

     5,000         78,216   

JX Holdings, Inc.(a)

     112,200         432,427   

Kajima Corp.(a)

     37,953         176,592   

Kansai Paint Co., Ltd.(a)

     9,000         163,902   

Kawasaki Heavy Industries Ltd.(a)

     43,565         220,504   

Keikyu Corp.

     13,000         104,173   

Keio Corp.(a)

     16,000         125,812   

Kintetsu Corp.(a)

     48,000         176,510   

Kobe Steel Ltd.

     155,000         286,929   

Koito Manufacturing Co., Ltd.(a)

     4,600         138,662   

Konami Corp.(a)

     5,200         97,561   

Konica Minolta, Inc.

     15,300         155,775   

Kuraray Co., Ltd.

     18,000         244,203   

Kyowa Hakko Kirin Co., Ltd.(a)

     15,000         195,997   

Lawson, Inc.

     4,700         326,462   

LIXIL Group Corp.(a)

     9,500         225,528   

Makita Corp.(a)

     3,529         183,623   

Marubeni Corp.(a)

     97,200         564,113   

Marui Group Co., Ltd.(a)

     10,081         114,743   

Matsui Securities Co., Ltd.(a)

     20,200         183,935   

Medipal Holdings Corp.

     6,800         88,739   

MEIJI Holdings Co., Ltd.

     2,200         268,751   

Miraca Holdings, Inc.(a)

     1,700         78,391   

Mitsubishi Chemical Holdings Corp.

     62,100         361,752   

Mitsubishi Gas Chemical Co., Inc.(a)

     19,000         93,792   

Mitsubishi Materials Corp.(a)

     44,000         148,226   

Mitsubishi Motors Corp.(a)

     30,800         278,657   

Mitsubishi Tanabe Pharma Corp.

     22,400         385,147   

Mitsui Chemicals, Inc.(a)

     30,000         96,560   

Mitsui OSK Lines Ltd.(a)

     30,000         102,064   

Nabtesco Corp.

     3,700         107,367   

NEC Corp.

     45,608         134,247   

Nexon Co., Ltd.

     7,400         78,983   

NGK Insulators Ltd.(a)

     8,000         171,107   

NGK Spark Plug Co., Ltd.(a)

     5,200         140,054   

NH Foods Ltd.(a)

     6,000         138,487   

Nikon Corp.(a)

     12,634         169,612   

Nippon Express Co., Ltd.

     40,000         224,140   

Nippon Paint Holdings Co., Ltd.(a)

     3,600         132,083   

Nippon Yusen K.K.

     44,000         126,946   

Nissan Chemical Industries Ltd.

     4,900         101,698   

Nisshin Seifun Group, Inc.

     8,300         97,863   

 

See Notes to Financial Statements.

 

74   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Nissin Foods Holdings Co., Ltd.

     4,500       $ 221,764   

Nitori Holdings Co., Ltd.

     2,100         142,539   

Nitto Denko Corp.(a)

     6,005         402,086   

Nomura Real Estate Holdings, Inc.

     6,268         113,208   

Nomura Research Institute Ltd.

     7,490         282,300   

NSK Ltd.

     9,000         131,932   

NTT Data Corp.(a)

     5,800         252,941   

NTT Urban Development Corp.

     8,500         85,195   

Obayashi Corp.(a)

     31,000         201,626   

Odakyu Electric Railway Co., Ltd.(a)

     13,000         132,791   

Oji Holdings Corp.(a)

     44,862         184,049   

Omron Corp.

     4,400         198,858   

Oracle Corp.

     3,668         158,128   

Osaka Gas Co., Ltd.

     65,000         272,466   

Otsuka Corp.

     3,000         128,080   

Park24 Co., Ltd.(a)

     4,600         94,244   

Resona Holdings, Inc.

     93,000         462,654   

Ricoh Co., Ltd.

     30,860         336,584   

Sankyo Co., Ltd.(a)

     6,100         217,448   

Santen Pharmaceutical Co., Ltd.

     10,200         148,843   

SBI Holdings, Inc.(a)

     6,500         78,916   

Sega Sammy Holdings, Inc.(a)

     8,873         129,775   

Seiko Epson Corp.(a)

     9,928         176,415   

Sekisui Chemical Co., Ltd.

     16,000         207,997   

Sekisui House Ltd.

     33,352         485,436   

Seven Bank Ltd.

     35,700         176,528   

Shimadzu Corp.

     10,000         111,820   

Shimamura Co., Ltd.(a)

     1,100         101,997   

Shimano, Inc.

     700         104,365   

Shimizu Corp.(a)

     34,000         230,494   

Shinsei Bank Ltd.(a)

     31,806         63,387   

Shionogi & Co., Ltd.(a)

     13,800         460,863   

Shiseido Co., Ltd.(a)

     6,800         120,946   

Shizuoka Bank Ltd. (The)

     14,000         140,088   

Showa Shell Sekiyu K.K.(a)

     19,309         176,788   

Sompo Japan Nipponkoa Holdings, Inc.

     15,311         476,853   

Sony Financial Holdings, Inc.(a)

     10,809         174,134   

Stanley Electric Co., Ltd.

     3,000         67,967   

Sumitomo Chemical Co., Ltd.

     60,000         309,193   

Sumitomo Dainippon Pharma Co., Ltd.(a)

     11,790         139,995   

Sumitomo Electric Industries Ltd.

     19,012         249,689   

Sumitomo Heavy Industries Ltd.

     17,500         114,843   

Sumitomo Metal Mining Co., Ltd.

     19,000         278,603   

Sumitomo Rubber Industries Ltd.

     12,400         229,337   

Sundrug Co., Ltd.(a)

     1,400         72,846   

Suntory Beverage & Food Ltd.

     11,300         485,262   

Suzuken Co., Ltd.

     2,530         77,319   

Sysmex Corp.

     1,800         100,113   

T&D Holdings, Inc.

     21,051         290,422   

Taiheiyo Cement Corp.(a)

     20,000         61,205   

Taisei Corp.(a)

     37,876         214,449   

Taiyo Nippon Sanso Corp.(a)

     7,000         95,668   

Takashimaya Co., Ltd.

     6,415         63,174   

TDK Corp.(a)

     3,100         220,755   

Terumo Corp.(a)

     8,500       224,682   

THK Co., Ltd.

     2,300         58,687   

Tobu Railway Co., Ltd.(a)

     30,000         142,589   

Toho Co., Ltd.

     5,000         122,493   

Toho Gas Co., Ltd.

     14,000         81,834   

Tokyo Electron Ltd.

     2,294         160,336   

Tokyu Corp.(a)

     30,000         186,116   

TonenGeneral Sekiyu K.K.

     30,104         260,311   

Toppan Printing Co., Ltd.

     23,000         177,594   

Toray Industries, Inc.(a)

     38,290         321,518   

Tosoh Corp.

     12,000         60,638   

TOTO Ltd.

     7,000         104,190   

Toyo Seikan Group Holdings Ltd.(a)

     5,900         86,686   

Toyo Suisan Kaisha Ltd.

     4,200         148,143   

Toyoda Gosei Co., Ltd.

     7,100         159,021   

Toyota Tsusho Corp.

     10,400         276,206   

Trend Micro, Inc.(a)

     5,430         179,302   

Unicharm Corp.

     5,900         155,070   

USS Co., Ltd.

     15,700         272,042   

West Japan Railway Co.

     7,376         387,667   

Yamaguchi Financial Group, Inc.(a)

     7,000         80,725   

Yamaha Corp.

     4,700         82,458   

Yamaha Motor Co., Ltd.(a)

     9,060         219,238   

Yamato Holdings Co., Ltd.(a)

     11,100         256,570   

Yaskawa Electric Corp.(a)

     4,818         70,748   

Yokohama Rubber Co., Ltd. (The)

     14,000         144,757   
     

 

 

 
Total Japan               36,352,192   
Netherlands – 1.4%      

Aalberts Industries N.V.

     3,699         116,282   

Boskalis Westminster N.V.

     6,199         304,924   

Delta Lloyd N.V.

     22,108         416,469   

Gemalto N.V.(a)

     891         70,976   

Koninklijke Vopak N.V.(a)

     4,125         227,715   

Randstad Holding N.V.

     8,155         494,678   

Wolters Kluwer N.V.

     15,503         506,166   
     

 

 

 
Total Netherlands               2,137,210   
New Zealand – 1.4%      

Auckland International Airport Ltd.

     160,634         542,068   

Contact Energy Ltd.

     57,419         257,490   

Fletcher Building Ltd.

     64,911         409,858   

Fonterra Co-operative Group Ltd.

     9,722         40,681   

Mighty River Power Ltd.

     139,057         323,264   

Spark New Zealand Ltd.

     253,960         567,525   
     

 

 

 
Total New Zealand               2,140,886   
Norway – 2.4%      

Aker ASA Class A

     6,303         138,040   

Gjensidige Forsikring ASA

     52,519         907,129   

Marine Harvest ASA(a)

     60,981         700,301   

Norsk Hydro ASA

     84,479         444,350   

Orkla ASA

     73,420         555,267   

Schibsted ASA

     2,362         136,929   

SpareBank 1 SR-Bank ASA

     10,157         70,893   

TGS Nopec Geophysical Co. ASA

     6,707         148,802   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      75   


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Yara International ASA

     13,301       $ 676,677   
     

 

 

 
Total Norway               3,778,388   
Portugal – 0.6%      

EDP Renovaveis S.A.(a)

     8,421         57,883   

Jeronimo Martins, SGPS, S.A.

     25,584         321,483   

NOS, SGPS

     17,319         125,387   

Portucel S.A.

     54,572         244,346   

Portugal Telecom, SGPS, S.A. Registered Shares(a)

     42,004         24,361   

Sonae, SGPS, S.A.

     121,980         185,505   
     

 

 

 
Total Portugal               958,965   
Singapore – 3.9%      

CapitaLand Ltd.

     176,900         461,691   

City Developments Ltd.

     17,900         131,278   

ComfortDelGro Corp., Ltd.

     135,800         286,114   

First Resources Ltd.(a)

     54,000         74,404   

Frasers Centrepoint Ltd.

     69,900         89,687   

Great Eastern Holdings Ltd.

     11,600         210,571   

Hutchison Port Holdings Trust(a)

     965,485         671,012   

Jardine Cycle & Carriage Ltd.

     15,900         475,945   

M1 Ltd.

     69,900         198,739   

Olam International Ltd.(a)

     119,900         173,509   

SATS Ltd.

     85,800         192,654   

Sembcorp Industries Ltd.

     104,000         319,953   

Sembcorp Marine Ltd.(a)

     93,151         198,295   

SIA Engineering Co., Ltd.(a)

     95,936         280,457   

Singapore Airlines Ltd.

     54,961         478,810   

Singapore Exchange Ltd.

     47,700         283,063   

Singapore Post Ltd.

     111,300         159,035   

Singapore Press Holdings Ltd.(a)

     152,848         466,890   

Singapore Technologies Engineering Ltd.

     171,600         435,349   

StarHub Ltd.(a)

     146,994         466,154   

United Industrial Corp., Ltd.

     31,800         79,518   
     

 

 

 
Total Singapore               6,133,128   
Spain – 2.7%      

Abengoa S.A. Class B(a)

     35,652         129,421   

Acerinox S.A.

     8,471         142,154   

Bankinter S.A.

     15,400         117,547   

Bolsas y Mercados Espanoles SHMSF S.A.

     7,822         348,466   

Distribuidora Internacional de Alimentacion S.A.

     10,946         85,654   

Ebro Foods S.A.(a)

     11,269         210,106   

Enagas S.A.

     22,414         641,054   

Indra Sistemas S.A.(a)

     7,051         82,770   

Mapfre S.A.

     212,460         775,591   

Obrascon Huarte Lain S.A.(a)

     6,309         134,399   

Prosegur Cia de Seguridad S.A.

     19,353         110,161   

Red Electrica Corp. S.A.

     10,038         816,539   

Tecnicas Reunidas S.A.(a)

     3,903         163,900   

Viscofan S.A.

     2,874         175,632   

Zardoya Otis S.A.(a)

     17,840         230,114   
     

 

 

 
Total Spain               4,163,508   
Sweden – 4.8%      

AAK AB

     1,974         110,900   

Alfa Laval AB(a)

     13,646       268,203   

Atlas Copco AB Class B

     21,453         634,084   

Axfood AB(a)

     3,791         200,231   

BillerudKorsnas AB

     4,860         78,445   

Boliden AB

     13,552         269,341   

Castellum AB

     15,598         235,669   

Electrolux AB Series B(a)

     17,448         500,130   

Elekta AB Class B(a)

     13,554         121,724   

Getinge AB Class B(a)

     8,285         205,202   

Hexagon AB Class B

     6,480         230,375   

Husqvarna AB Class B

     28,523         206,711   

ICA Gruppen AB

     10,643         356,780   

Intrum Justitia AB

     2,390         67,066   

Investment AB Latour Class B

     11,333         324,718   

JM AB

     2,735         91,082   

Lundbergforetagen AB Class B

     6,292         287,603   

Meda AB Class A

     11,048         174,866   

Modern Times Group MTG AB Class B(a)

     5,024         154,028   

NCC AB Class B(a)

     2,173         71,963   

Saab AB Class B(a)

     5,984         159,938   

Securitas AB Class B

     21,832         313,150   

Skanska AB Class B

     27,875         625,115   

SKF AB Class B(a)

     19,768         510,701   

Swedish Match AB

     10,207         300,148   

Tele2 AB Class B

     23,699         283,320   

Trelleborg AB Class B(a)

     9,052         179,066   

Volvo AB Class A

     29,602         359,382   

Wallenstam AB Class B

     6,743         111,340   
     

 

 

 
Total Sweden               7,431,281   
Switzerland – 3.6%      

Actelion Ltd. Registered Shares*

     2,909         337,232   

Aryzta AG*

     913         56,164   

Baloise Holding AG Registered Shares

     4,012         531,601   

Clariant AG Registered Shares*

     15,351         307,241   

DKSH Holding AG(a)

     1,208         98,749   

EMS-Chemie Holding AG Registered Shares

     817         333,302   

Galenica AG Registered Shares(a)

     181         158,396   

GAM Holding AG*

     10,639         221,258   

Geberit AG Registered Shares

     1,110         417,121   

Julius Baer Group Ltd.*

     3,186         159,940   

Lonza Group AG Registered Shares*

     2,439         305,095   

OC Oerlikon Corp. AG Registered Shares*

     3,862         44,930   

Panalpina Welttransport Holding AG Registered Shares(a)

     1,216         177,649   

Partners Group Holding AG

     1,899         567,960   

Schindler Holding AG Participation Certificate

     1,940         323,167   

Schindler Holding AG Registered Shares

     1,921         314,662   

Sonova Holding AG Registered Shares

     1,329         185,127   

STMicroelectronics N.V.

     54,907         512,450   

Straumann Holding AG Registered Shares(a)

     718         196,631   

Sulzer AG Registered Shares

     1,359         149,710   

Swiss Life Holding AG Registered Shares*

     698         172,829   
     

 

 

 
Total Switzerland               5,571,214   

 

See Notes to Financial Statements.

 

76   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
United Kingdom – 16.7%      

Aberdeen Asset Management PLC

     88,624       $ 604,661   

Admiral Group PLC

     16,079         365,200   

Aggreko PLC

     6,656         150,880   

Amec Foster Wheeler PLC

     16,678         224,188   

Amlin PLC

     39,775         298,478   

Ashmore Group PLC(a)

     52,513         221,784   

Ashtead Group PLC

     6,915         111,276   

Babcock International Group PLC

     12,350         180,494   

Balfour Beatty PLC

     65,355         232,944   

Barratt Developments PLC

     20,552         161,242   

BBA Aviation PLC

     14,268         71,295   

Bellway PLC

     4,452         130,924   

Berendsen PLC

     5,467         90,653   

Berkeley Group Holdings PLC

     14,465         566,681   

Booker Group PLC

     61,303         132,593   

British Land Co. PLC (The)

     55,207         682,274   

Britvic PLC

     7,727         84,253   

Bunzl PLC

     11,067         300,814   

Burberry Group PLC

     13,373         344,039   

Capita PLC

     28,907         478,903   

Carillion PLC(a)

     31,257         151,685   

Carnival PLC

     9,413         460,570   

Close Brothers Group PLC

     7,444         172,279   

Cobham PLC

     57,043         257,598   

Croda International PLC

     5,080         206,555   

Daily Mail & General Trust PLC Class A Non-Voting Shares

     25,196         330,834   

Derwent London PLC

     2,185         111,062   

Direct Line Insurance Group PLC

     105,376         499,014   

Dixons Carphone PLC

     9,774         59,881   

Drax Group PLC(a)

     24,087         130,120   

DS Smith PLC

     34,317         175,857   

easyJet PLC

     14,240         397,842   

Essentra PLC

     3,846         56,723   

Evraz PLC

     96,794         269,708   

Fresnillo PLC(a)

     10,673         108,136   

G4S PLC

     85,687         376,265   

GKN PLC

     66,803         355,620   

Greene King PLC(a)

     7,820         97,050   

Halma PLC

     13,438         139,342   

Hammerson PLC

     34,011         335,754   

Hargreaves Lansdown PLC

     22,597         386,441   

Hikma Pharmaceuticals PLC

     2,958         93,532   

Home Retail Group PLC

     18,839         46,145   

ICAP PLC

     55,877         437,144   

IG Group Holdings PLC

     35,231         370,810   

IMI PLC

     13,413         253,873   

Inchcape PLC

     23,555         277,991   

Inmarsat PLC

     31,993         439,554   

InterContinental Hotels Group PLC

     7,751         303,078   

Intertek Group PLC

     4,277         158,603   

Intu Properties PLC

     69,048         356,706   

Investec PLC

     47,956         399,380   

ITV PLC

     121,862       457,507   

J Sainsbury PLC(a)

     185,021         711,929   

Jardine Lloyd Thompson Group PLC

     12,510         194,439   

John Wood Group PLC

     10,130         95,491   

Johnson Matthey PLC

     7,010         352,359   

Jupiter Fund Management PLC

     19,663         119,386   

London Stock Exchange Group PLC

     13,775         502,841   

Man Group PLC

     170,381         515,473   

Marks & Spencer Group PLC

     105,880         840,907   

Meggitt PLC

     28,690         233,608   

Melrose Industries PLC

     40,705         167,684   

Millennium & Copthorne Hotels PLC

     17,818         151,828   

Mondi PLC

     19,449         374,759   

Pennon Group PLC

     21,340         261,671   

Persimmon PLC*

     25,418         627,501   

PZ Cussons PLC

     15,125         76,902   

Rentokil Initial PLC

     55,462         112,550   

Rexam PLC

     38,525         331,132   

Rightmove PLC

     3,637         161,812   

Rotork PLC

     2,151         79,127   

Sage Group PLC (The)

     65,733         455,409   

Schroders PLC

     7,719         366,684   

Segro PLC

     65,503         405,391   

Severn Trent PLC

     16,583         506,874   

Smiths Group PLC

     17,388         288,584   

Spectris PLC

     3,209         102,897   

Spirax-Sarco Engineering PLC

     1,467         74,262   

Stagecoach Group PLC

     33,575         174,049   

TalkTalk Telecom Group PLC(a)

     52,667         269,032   

Tate & Lyle PLC

     31,805         282,107   

Taylor Wimpey PLC

     30,067         69,139   

Travis Perkins PLC

     6,751         195,426   

United Utilities Group PLC

     54,031         748,351   

Vedanta Resources PLC(a)

     13,722         101,852   

Victrex PLC

     2,294         63,852   

Weir Group PLC (The)

     6,761         170,724   

Whitbread PLC

     6,709         522,377   

William Hill PLC

     51,923         285,889   

WM Morrison Supermarkets PLC

     290,483         834,415   
     

 

 

 
Total United Kingdom               25,934,948   
TOTAL COMMON STOCKS
(Cost: $131,037,639)
              153,805,754   
EXCHANGE-TRADED FUNDS – 0.4%      
United States – 0.4%      

WisdomTree Australia Dividend Fund(a)(b)

     5,339         285,049   

WisdomTree Japan Hedged Equity Fund(b)

     5,208         287,065   
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $581,666)
              572,114   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      77   


Table of Contents

Schedule of Investments (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 16.3%      
United States – 16.3%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $25,308,980)(d)      25,308,980       $ 25,308,980   
TOTAL INVESTMENTS IN SECURITIES – 115.6%
(Cost: $156,928,285)
         179,686,848   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (15.6)%

        (24,273,031
     

 

 

 
NET ASSETS – 100.0%             $ 155,413,817   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $25,467,961 and the total market value of the collateral held by the Fund was $26,926,186. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,617,206. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

78   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.4%      
Australia – 16.1%      

Acrux Ltd.(a)

     550,598       $ 361,741   

Adelaide Brighton Ltd.

     1,429,646         4,947,567   

Ainsworth Game Technology Ltd.(a)

     229,406         506,486   

Altium Ltd.

     208,096         707,439   

Amalgamated Holdings Ltd.

     248,998         2,233,207   

Amcom Telecommunications Ltd.(a)

     325,573         671,548   

AP Eagers Ltd.

     220,509         1,260,065   

ARB Corp., Ltd.

     84,232         798,572   

Arrium Ltd.

     2,906,171         377,429   

Atlas Iron Ltd.(a)

     357,260         35,481   

Ausdrill Ltd.

     629,623         132,275   

Austbrokers Holdings Ltd.

     116,274         771,023   

Austin Engineering Ltd.(a)

     568,328         334,314   

Australian Pharmaceutical Industries Ltd.

     1,904,736         2,641,049   

Automotive Holdings Group Ltd.(a)

     642,054         2,060,088   

BC Iron Ltd.(a)

     670,733         189,590   

Beach Energy Ltd.

     903,525         700,602   

Bradken Ltd.

     591,231         833,333   

Breville Group Ltd.(a)

     174,617         1,007,160   

Brickworks Ltd.

     196,256         2,166,485   

BT Investment Management Ltd.

     465,492         3,260,968   

Cabcharge Australia Ltd.(a)

     474,578         1,682,250   

Cardno Ltd.(a)

     382,482         958,407   

carsales.com Ltd.(a)

     296,411         2,339,158   

Cash Converters International Ltd.(a)

     714,056         490,953   

Cedar Woods Properties Ltd.

     335,158         1,421,044   

Collins Foods Ltd.

     303,136         592,847   

Corporate Travel Management Ltd.(a)

     92,219         827,091   

CSG Ltd.(a)

     862,566         971,962   

CSR Ltd.

     431,228         1,327,630   

Domino’s Pizza Enterprises Ltd.(a)

     71,107         2,019,156   

Downer EDI Ltd.

     775,977         2,649,850   

DuluxGroup Ltd.

     613,256         2,998,381   

Echo Entertainment Group Ltd.

     830,255         2,866,916   

Evolution Mining Ltd.

     462,710         302,232   

Fairfax Media Ltd.

     3,467,011         2,529,435   

G8 Education Ltd.(a)

     422,814         1,085,310   

GrainCorp Ltd. Class A

     501,926         3,608,231   

Greencross Ltd.(a)

     23,000         140,391   

GUD Holdings Ltd.

     328,414         2,067,349   

Hills Ltd.

     459,231         303,468   

iiNET Ltd.(a)

     192,407         1,297,916   

Infomedia Ltd.

     227,929         214,175   

Invocare Ltd.(a)

     169,691         1,703,410   

IOOF Holdings Ltd.(a)

     708,831         5,572,154   

Iress Ltd.

     315,337         2,529,468   

JB Hi-Fi Ltd.(a)

     169,805         2,421,920   

M2 Group Ltd.

     256,493         1,986,911   

Macquarie Atlas Roads Group(a)

     372,456         924,748   

Magellan Financial Group Ltd.

     167,629         2,515,102   

McMillan Shakespeare Ltd.(a)

     149,481         1,358,933   

Metcash Ltd.(a)

     3,302,781         3,910,898   

Mineral Resources Ltd.(a)

     528,232       2,723,915   

MMA Offshore Ltd.(a)

     631,928         318,623   

MMG Ltd.(a)

     6,644,000         2,185,230   

Monadelphous Group Ltd.(a)

     314,429         2,399,679   

Mortgage Choice Ltd.

     312,811         609,379   

Mount Gibson Iron Ltd.(a)

     1,084,772         182,317   

Myer Holdings Ltd.(a)

     2,079,004         2,152,086   

MyState Ltd.

     252,494         995,327   

NIB Holdings Ltd.

     976,881         2,761,267   

Northern Star Resources Ltd.(a)

     701,602         1,232,775   

Nufarm Ltd.

     228,481         1,160,745   

OrotonGroup Ltd.(a)

     325,602         661,658   

OZ Minerals Ltd.

     458,717         1,380,721   

OzForex Group Ltd.

     135,535         249,536   

Pacific Brands Ltd.(a)

     3,350,421         1,177,395   

PanAust Ltd.

     445,494         585,377   

Perpetual Ltd.(a)

     67,791         2,849,428   

Premier Investments Ltd.

     277,880         2,719,389   

Primary Health Care Ltd.(a)

     1,017,908         4,276,970   

Prime Media Group Ltd.

     1,824,131         1,233,287   

Programmed Maintenance Services Ltd.(a)

     370,125         684,272   

Qube Holdings Ltd.

     819,783         1,860,032   

RCR Tomlinson Ltd.

     276,929         422,062   

Reckon Ltd.(a)

     436,688         643,863   

Regis Resources Ltd.*(a)

     2,171,201         2,181,176   

Reject Shop Ltd. (The)(a)

     105,763         541,344   

Retail Food Group Ltd.

     319,201         1,721,607   

Royal Wolf Holdings Ltd.

     158,886         246,403   

SAI Global Ltd.

     313,276         990,815   

Seven Group Holdings Ltd.(a)

     640,318         3,526,923   

Seven West Media Ltd.(a)

     2,801,755         2,868,137   

Sigma Pharmaceuticals Ltd.

     3,267,485         2,221,614   

Skilled Group Ltd.

     536,523         514,395   

Slater & Gordon Ltd.(a)

     168,692         972,986   

Southern Cross Media Group Ltd.(a)

     2,642,921         2,321,919   

STW Communications Group Ltd.(a)

     1,388,172         737,043   

Sunland Group Ltd.(a)

     382,477         556,628   

Super Retail Group Ltd.(a)

     418,789         3,074,565   

Tabcorp Holdings Ltd.

     1,426,394         5,165,149   

Tassal Group Ltd.

     187,421         486,813   

Treasury Group Ltd.

     83,354         829,091   

UXC Ltd.

     614,701         370,985   

Village Roadshow Ltd.(a)

     247,545         1,062,810   

Virtus Health Ltd.(a)

     90,524         506,912   
     

 

 

 
Total Australia               147,976,766   
Austria – 0.9%      

ams AG

     32,118         1,542,577   

Austria Technologie & Systemtechnik AG

     44,303         695,402   

EVN AG

     129,346         1,454,467   

Lenzing AG(a)

     25,893         1,741,404   

POLYTEC Holding AG

     56,031         487,436   

RHI AG(a)

     32,095         944,478   

S IMMO AG*

     95,245         864,377   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      79   


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Wienerberger AG(a)

     31,340       $ 500,512   
     

 

 

 
Total Austria               8,230,653   
Belgium – 1.5%      

Barco N.V.(a)

     11,314         673,421   

Cie Maritime Belge S.A.

     13,144         194,386   

Cofinimmo S.A.

     33,652         3,944,925   

D’ieteren S.A./N.V.

     43,802         1,534,553   

EVS Broadcast Equipment S.A.

     28,690         1,066,594   

Exmar N.V.

     125,261         1,280,728   

Fagron(a)

     19,750         769,023   

Melexis N.V.

     37,822         2,254,455   

N.V. Bekaert S.A.(a)

     64,340         1,734,784   

Recticel S.A.

     60,252         344,714   
     

 

 

 
Total Belgium               13,797,583   
China – 2.1%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     513,692         755,327   

BYD Electronic International Co., Ltd.

     562,782         711,367   

China Overseas Grand Oceans Group Ltd.(a)

     1,492,000         696,634   

CITIC Telecom International Holdings Ltd.

     3,966,822         1,427,494   

CPMC Holdings Ltd.

     408,000         214,708   

Dah Chong Hong Holdings Ltd.(a)

     2,858,000         1,408,163   

Goldpac Group Ltd.

     241,922         142,288   

Poly Property Group Co., Ltd.(a)

     7,528,129         3,660,630   

Shenzhen Investment Ltd.(a)

     13,082,000         4,842,654   

Shougang Fushan Resources Group Ltd.

     8,564,000         1,745,264   

Sinotruk Hong Kong Ltd.

     407,500         243,353   

Yuexiu Property Co., Ltd.

     19,158,000         3,755,962   
     

 

 

 
Total China               19,603,844   
Denmark – 0.6%      

DFDS A/S

     14,276         1,516,671   

NKT Holding A/S(a)

     23,884         1,527,601   

Schouw & Co.

     20,660         989,042   

SimCorp A/S(a)

     29,204         957,233   

Spar Nord Bank A/S

     46,514         448,022   
     

 

 

 
Total Denmark               5,438,569   
Finland – 2.4%      

Amer Sports Oyj(a)

     105,751         2,271,531   

Caverion Corp.(a)

     100,654         1,020,486   

Citycon Oyj

     347,120         1,127,368   

F-Secure Oyj

     183,314         529,605   

Kemira Oyj(a)

     245,881         3,047,438   

Konecranes Oyj(a)

     98,715         3,116,984   

Lassila & Tikanoja Oyj

     61,241         1,136,554   

Metsa Board Oyj(a)

     214,870         1,320,006   

Outotec Oyj(a)

     46,344         283,709   

PKC Group Oyj

     33,351         740,736   

Raisio Oyj Class V

     101,790         440,569   

Ramirent Oyj(a)

     184,507         1,309,841   

Technopolis Oyj(a)

     165,956         746,812   

Tieto Oyj

     108,273         2,546,645   

Tikkurila Oyj

     52,989         1,012,432   

Uponor Oyj

     60,236       1,018,922   

YIT Oyj(a)

     119,624         657,155   
     

 

 

 
Total Finland               22,326,793   
France – 1.5%      

ABC Arbitrage

     85,653         466,396   

Albioma S.A.

     40,314         770,257   

Alten S.A.

     26,516         1,216,445   

Altran Technologies S.A.

     112,490         1,125,143   

Bourbon S.A.(a)

     98,313         1,684,131   

Derichebourg S.A.

     145,962         447,402   

IPSOS

     39,246         1,096,326   

Lectra

     46,049         647,882   

Nexity S.A.

     109,960         4,595,745   

Saft Groupe S.A.

     31,845         1,171,060   
     

 

 

 
Total France               13,220,787   
Germany – 2.7%      

Aurelius AG

     48,745         2,041,732   

Aurubis AG(a)

     36,670         2,078,271   

BayWa AG

     18,542         726,267   

Bechtle AG

     17,281         1,235,340   

CompuGroup Medical AG

     37,010         1,070,433   

Drillisch AG(a)

     115,860         4,544,937   

Gerresheimer AG

     18,920         1,043,639   

Gerry Weber International AG(a)

     27,239         942,001   

Hamburger Hafen und Logistik AG(a)

     67,593         1,418,867   

Indus Holding AG

     25,019         1,246,249   

Jenoptik AG

     34,547         467,318   

MLP AG

     185,956         775,300   

NORMA Group SE

     20,168         1,015,116   

QSC AG(a)

     74,612         156,500   

Sixt SE

     39,530         1,761,467   

Takkt AG

     54,592         999,379   

Vossloh AG(a)

     6,572         402,889   

Wacker Neuson SE

     50,967         1,273,492   

Wincor Nixdorf AG

     33,578         1,577,385   
     

 

 

 
Total Germany               24,776,582   
Hong Kong – 1.9%      

China Power International Development Ltd.(a)

     14,116,814         7,392,480   

Dah Sing Banking Group Ltd.

     1,435,200         2,487,935   

Dah Sing Financial Holdings Ltd.

     365,829         2,165,799   

Emperor Watch & Jewellery Ltd.

     3,950,000         129,917   

Kowloon Development Co., Ltd.

     1,774,000         2,057,030   

Lippo China Resources Ltd.

     6,440,000         245,039   

Liu Chong Hing Investment Ltd.

     496,000         621,196   

Singamas Container Holdings Ltd.

     2,448,000         397,841   

Tradelink Electronic Commerce Ltd.

     1,448,000         323,104   

Vitasoy International Holdings Ltd.

     747,364         1,168,321   

Welling Holding Ltd.

     3,117,518         595,111   
     

 

 

 
Total Hong Kong               17,583,773   
Ireland – 0.9%      

C&C Group PLC

     343,694         1,408,220   

FBD Holdings PLC

     28,004         301,515   

 

See Notes to Financial Statements.

 

80   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Grafton Group PLC

     138,751       $ 1,669,435   

Greencore Group PLC

     356,517         1,706,302   

Irish Continental Group PLC

     284,398         1,267,590   

Origin Enterprises PLC*

     89,725         785,372   

UDG Healthcare PLC

     178,712         1,253,534   
     

 

 

 
Total Ireland               8,391,968   
Israel – 3.0%      

B Communications Ltd.*

     45,378         766,703   

Delek Automotive Systems Ltd.

     315,620         3,715,978   

First International Bank of Israel Ltd.

     179,499         2,469,031   

Fox Wizel Ltd.

     23,312         540,255   

Gazit-Globe Ltd.

     250,889         3,104,015   

Harel Insurance Investments & Financial Services Ltd.

     565,696         2,638,786   

Ituran Location and Control Ltd.

     44,525         982,826   

Jerusalem Economy Ltd.

     118,971         425,420   

Magic Software Enterprises Ltd.

     71,480         462,130   

Matrix IT Ltd.

     170,404         857,441   

Migdal Insurance & Financial Holding Ltd.

     2,450,097         3,032,509   

NICE-Systems Ltd.

     36,268         2,224,398   

Phoenix Holdings Ltd. (The)

     587,107         1,715,539   

Shikun & Binui Ltd.

     981,243         2,174,591   

Shufersal Ltd.

     465,137         1,043,450   

Strauss Group Ltd.*

     72,083         1,127,095   
     

 

 

 
Total Israel               27,280,167   
Italy – 2.6%      

Ansaldo STS SpA

     41,637         421,692   

Astaldi SpA(a)

     100,992         854,707   

ASTM SpA

     66,832         946,746   

Banca IFIS SpA

     82,093         1,714,865   

Banca Popolare di Sondrio SCARL

     116,919         533,928   

Cairo Communication SpA

     212,829         1,261,752   

Danieli & C. Officine Meccaniche SpA

     30,210         751,763   

Datalogic SpA

     52,092         598,631   

DiaSorin SpA

     35,989         1,582,033   

ERG SpA

     230,226         3,009,186   

Falck Renewables SpA

     429,069         554,366   

Immobiliare Grande Distribuzione SIIQ SpA

     1,232,024         1,230,570   

Industria Macchine Automatiche SpA

     52,477         2,474,216   

Interpump Group SpA

     84,243         1,368,916   

Iren SpA

     1,893,596         2,595,029   

MARR SpA(a)

     121,645         2,083,815   

Societa Cattolica di Assicurazioni SCRL

     64,487         562,037   

Vittoria Assicurazioni SpA

     64,422         671,135   

Zignago Vetro SpA

     117,392         716,129   
     

 

 

 
Total Italy               23,931,516   
Japan – 28.9%      

77 Bank Ltd. (The)

     269,000         1,525,287   

Accordia Golf Co., Ltd.

     119,800         1,151,798   

Achilles Corp.

     257,000         321,451   

ADEKA Corp.

     79,500         1,030,169   

Advantest Corp.(a)

     70,400         891,704   

Aeon Delight Co., Ltd.

     35,800         857,648   

Ai Holdings Corp.

     36,000       658,612   

Aica Kogyo Co., Ltd.

     34,100         796,164   

Aichi Steel Corp.

     227,940         1,085,293   

Aida Engineering Ltd.

     56,800         653,609   

Airport Facilities Co., Ltd.(a)

     86,000         483,335   

Akebono Brake Industry Co., Ltd.(a)

     97,600         358,090   

Akita Bank Ltd. (The)(a)

     239,000         731,399   

Amano Corp.

     66,000         790,844   

Anritsu Corp.(a)

     71,165         497,873   

Aoyama Trading Co., Ltd.

     56,400         1,841,201   

Arcs Co., Ltd.(a)

     31,000         744,724   

Ariake Japan Co., Ltd.

     24,700         849,593   

Asahi Diamond Industrial Co., Ltd.(a)

     54,500         624,870   

ASKUL Corp.(a)

     19,888         468,821   

Autobacs Seven Co., Ltd.(a)

     73,400         1,161,057   

Avex Group Holdings, Inc.(a)

     44,000         703,340   

Azbil Corp.

     59,200         1,609,272   

Bank of Iwate Ltd. (The)(a)

     13,400         581,030   

Bank of Nagoya Ltd. (The)(a)

     191,000         635,472   

Bank of Saga Ltd. (The)

     419,764         1,060,567   

Bank of the Ryukyus Ltd.

     52,000         747,967   

Belc Co., Ltd.

     13,600         395,214   

Belluna Co., Ltd.(a)

     124,000         607,980   

Bic Camera, Inc.(a)

     44,000         458,620   

Broadleaf Co., Ltd.

     21,600         422,904   

Calsonic Kansei Corp.

     132,000         877,248   

Cawachi Ltd.

     38,100         664,625   

Central Glass Co., Ltd.

     214,000         1,011,782   

Chiyoda Co., Ltd.(a)

     29,700         670,401   

Cosmo Oil Co., Ltd.(a)

     308,000         416,060   

Dai-Dan Co., Ltd.

     57,258         391,030   

Daibiru Corp.

     64,200         663,815   

Daido Steel Co., Ltd.(a)

     103,000         462,072   

Daifuku Co., Ltd.

     48,500         642,218   

Daiichi Jitsugyo Co., Ltd.

     52,442         264,123   

Daiichikosho Co., Ltd.

     26,200         814,893   

Daiken Corp.(a)

     228,000         515,222   

Daikoku Denki Co., Ltd.(a)

     35,900         519,977   

Daikyo, Inc.

     308,000         464,857   

Daio Paper Corp.

     48,000         412,258   

Daisan Bank Ltd. (The)

     317,000         499,587   

Daishi Bank Ltd. (The)

     269,000         948,818   

Daiwabo Holdings Co., Ltd.

     545,000         877,090   

DCM Holdings Co., Ltd.

     128,800         966,604   

Dena Co., Ltd.(a)

     110,600         2,168,193   

Denki Kagaku Kogyo K.K.

     377,000         1,490,081   

DIC Corp.(a)

     544,000         1,587,659   

DMG Mori Seiki Co., Ltd.

     34,500         531,057   

Doshisha Co., Ltd.

     30,800         479,240   

Doutor Nichires Holdings Co., Ltd.(a)

     38,400         643,922   

Dunlop Sports Co., Ltd.(a)

     86,749         877,436   

Dynam Japan Holdings Co., Ltd.

     748,651         1,452,294   

Earth Chemical Co., Ltd.

     25,000         864,082   

EDION Corp.(a)

     107,600         811,094   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      81   


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Ehime Bank Ltd. (The)(a)

     366,000       $ 732,458   

Eighteenth Bank Ltd. (The)

     345,000         1,050,031   

Endo Lighting Corp.(a)

     31,900         364,153   

Exedy Corp.

     36,200         864,212   

Ezaki Glico Co., Ltd.

     24,499         992,830   

FCC Co., Ltd.(a)

     57,551         900,757   

Foster Electric Co., Ltd.(a)

     37,285         932,708   

France Bed Holdings Co., Ltd.

     228,000         340,313   

Fudo Tetra Corp.

     126,800         251,644   

Fuji Corp., Ltd.(a)

     129,700         718,122   

Fuji Seal International, Inc.(a)

     9,800         272,937   

Fuji Soft, Inc.(a)

     14,000         284,144   

Fujibo Holdings, Inc.

     99,000         246,829   

Fujikura Ltd.

     141,000         619,612   

Fujimi, Inc.

     49,041         846,895   

Fujitec Co., Ltd.

     39,500         386,683   

Fujitsu General Ltd.(a)

     42,000         551,945   

Fukui Bank Ltd. (The)

     250,000         544,090   

Fukuyama Transporting Co., Ltd.(a)

     136,000         725,787   

Funai Soken Holdings, Inc.

     78,000         737,561   

Furukawa Co., Ltd.

     304,000         537,403   

Furukawa Electric Co., Ltd.(a)

     351,000         594,146   

Geo Holdings Corp.(a)

     96,500         1,021,126   

Glory Ltd.

     33,200         927,413   

GMO Internet, Inc.

     62,224         766,872   

Gree, Inc.(a)

     136,700         951,799   

GS Yuasa Corp.(a)

     164,000         739,829   

Gulliver International Co., Ltd.(a)

     53,540         441,981   

H2O Retailing Corp.(a)

     9,500         179,345   

Hakuto Co., Ltd.

     70,294         841,125   

Hanwa Co., Ltd.

     238,000         968,472   

Haseko Corp.

     38,700         378,206   

Hazama Ando Corp.

     59,400         340,278   

Heiwa Corp.

     76,100         1,496,935   

Heiwa Real Estate Co., Ltd.

     42,000         591,169   

Heiwado Co., Ltd.

     57,500         1,319,491   

Higashi-Nippon Bank Ltd. (The)

     326,000         1,027,542   

Hitachi Koki Co., Ltd.(a)

     116,800         953,489   

Hitachi Kokusai Electric, Inc.

     57,000         766,179   

Hitachi Transport System Ltd.

     50,000         757,557   

Hitachi Zosen Corp.

     35,000         180,946   

Hogy Medical Co., Ltd.(a)

     16,400         806,838   

Hokuetsu Bank Ltd. (The)(a)

     353,000         688,780   

Hokuetsu Kishu Paper Co., Ltd.(a)

     162,000         726,754   

Horiba Ltd.

     21,700         831,449   

Hyakujushi Bank Ltd. (The)

     254,000         840,842   

Ichiyoshi Securities Co., Ltd.(a)

     68,497         743,657   

Idec Corp.

     56,200         491,120   

Iino Kaiun Kaisha Ltd.

     83,575         443,225   

Inaba Denki Sangyo Co., Ltd.

     31,100         1,128,080   

Inabata & Co., Ltd.

     67,300         672,299   

Iseki & Co., Ltd.(a)

     257,000         492,891   

IT Holdings Corp.

     41,200         753,401   

Ito En Ltd.(a)

     49,300         1,065,135   

Itochu Enex Co., Ltd.

     145,700       1,203,992   

Itochu Techno-Solutions Corp.(a)

     90,800         1,889,064   

Itoham Foods, Inc.(a)

     110,000         608,130   

IwaiCosmo Holdings, Inc.

     37,400         528,605   

Iwatani Corp.(a)

     114,000         749,068   

Izumi Co., Ltd.

     25,200         924,578   

J-Oil Mills, Inc.

     213,000         742,414   

Japan Aviation Electronics Industry Ltd.

     26,000         632,195   

Japan Pulp & Paper Co., Ltd.

     228,000         617,886   

Japan Steel Works Ltd. (The)(a)

     174,000         732,708   

Japan Vilene Co., Ltd.

     117,000         579,512   

Japan Wool Textile Co., Ltd. (The)

     92,000         665,883   

Jowa Holdings Co., Ltd.(a)

     25,600         988,351   

Juroku Bank Ltd. (The)

     267,000         981,839   

K’s Holdings Corp.(a)

     30,000         971,857   

kabu.com Securities Co., Ltd.(a)

     227,100         1,494,116   

Kaga Electronics Co., Ltd.(a)

     53,800         657,219   

Kagome Co., Ltd.(a)

     35,600         553,926   

Kagoshima Bank Ltd. (The)

     125,000         851,574   

Kaken Pharmaceutical Co., Ltd.

     60,000         1,741,088   

Kamigumi Co., Ltd.

     95,000         899,104   

Kandenko Co., Ltd.

     143,000         831,111   

Kaneka Corp.

     40,000         282,176   

Kanematsu Corp.

     223,000         325,412   

Kansai Urban Banking Corp.

     72,300         751,184   

Kato Sangyo Co., Ltd.

     31,500         654,822   

Kato Works Co., Ltd.

     47,000         318,232   

Kawasaki Kisen Kaisha Ltd.(a)

     546,000         1,470,569   

Keihan Electric Railway Co., Ltd.

     50,000         305,191   

Keihin Corp.

     50,600         776,774   

Keiyo Co., Ltd.

     37,000         176,785   

Kewpie Corp.

     67,200         1,638,464   

Kitz Corp.

     87,500         433,396   

Kiyo Bank Ltd. (The)

     78,391         1,094,892   

Koa Corp.

     35,400         345,071   

Kokuyo Co., Ltd.

     98,400         921,436   

Komeri Co., Ltd.

     26,200         618,488   

Konaka Co., Ltd.

     29,600         182,647   

Kose Corp.

     29,100         1,608,780   

Kurabo Industries Ltd.

     324,000         570,056   

Kureha Corp.(a)

     185,000         795,997   

KYB Co., Ltd.

     190,000         697,102   

Kyodo Printing Co., Ltd.

     71,000         218,462   

Kyokuto Securities Co., Ltd.

     72,400         1,069,172   

KYORIN Holdings, Inc.

     66,900         1,603,257   

Kyoritsu Printing Co., Ltd.

     199,300         486,929   

Kyowa Exeo Corp.

     66,300         712,618   

Lintec Corp.

     52,030         1,241,692   

Lion Corp.

     219,000         1,336,735   

Maeda Corp.(a)

     54,000         392,645   

Maeda Road Construction Co., Ltd.

     42,000         682,577   

Makino Milling Machine Co., Ltd.(a)

     61,000         519,842   

Mandom Corp.

     16,130         591,131   

Marvelous, Inc.(a)

     25,900         362,611   

 

See Notes to Financial Statements.

 

82   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Matsumotokiyoshi Holdings Co., Ltd.

     29,900       $ 1,067,100   

Meidensha Corp.

     90,000         291,182   

Meitec Corp.

     37,600         1,261,955   

Mie Bank Ltd. (The)

     375,056         860,041   

Minato Bank Ltd. (The)(a)

     372,787         864,163   

MISUMI Group, Inc.

     32,564         1,316,951   

Mitsubishi Steel Manufacturing Co., Ltd.

     210,553         444,194   

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

     263,000         449,573   

Mitsui Mining & Smelting Co., Ltd.

     261,000         596,323   

Miura Co., Ltd.(a)

     78,900         890,812   

Miyazaki Bank Ltd. (The)

     206,000         785,007   

Mizuno Corp.(a)

     60,000         313,196   

Mochida Pharmaceutical Co., Ltd.

     13,400         881,601   

Modec, Inc.(a)

     32,859         517,579   

Monex Group, Inc.(a)

     236,038         631,797   

Morinaga & Co., Ltd.

     80,000         281,509   

Morinaga Milk Industry Co., Ltd.

     362,000         1,376,460   

MOS Food Services, Inc.(a)

     23,100         490,989   

Musashi Seimitsu Industry Co., Ltd.(a)

     22,600         479,043   

Musashino Bank Ltd. (The)

     25,500         857,974   

Nachi-Fujikoshi Corp.

     55,000         301,772   

Nagaileben Co., Ltd.

     31,500         576,023   

Nagase & Co., Ltd.

     72,100         945,702   

Nagatanien Co., Ltd.

     9,000         85,028   

Nakanishi, Inc.

     6,000         234,397   

Nankai Electric Railway Co., Ltd.

     86,000         355,689   

Nanto Bank Ltd. (The)

     201,000         698,912   

NEC Networks & System Integration Corp.

     31,400         633,106   

NET One Systems Co., Ltd.(a)

     68,300         467,009   

Neturen Co., Ltd.

     105,900         785,916   

NHK Spring Co., Ltd.

     153,648         1,605,345   

Nichias Corp.(a)

     83,000         479,625   

Nichicon Corp.

     76,702         718,252   

Nichiha Corp.

     57,400         672,000   

Nichii Gakkan Co.(a)

     84,500         745,474   

Nichirei Corp.

     230,000         1,292,641   

Nifco, Inc.

     32,600         1,126,763   

Nihon Kohden Corp.

     46,600         1,272,587   

Nihon Parkerizing Co., Ltd.

     42,600         516,848   

Nihon Unisys Ltd.

     53,800         511,420   

Nikkiso Co., Ltd.(a)

     55,955         501,577   

Nippo Corp.

     32,000         529,931   

Nippon Carbon Co., Ltd.(a)

     76,000         237,649   

Nippon Coke & Engineering Co., Ltd.

     275,800         262,174   

Nippon Flour Mills Co., Ltd.

     163,194         808,315   

Nippon Kayaku Co., Ltd.

     87,000         1,093,258   

Nippon Konpo Unyu Soko Co., Ltd.

     52,400         920,195   

Nippon Paper Industries Co., Ltd.(a)

     52,400         789,113   

Nippon Parking Development Co., Ltd.(a)

     308,200         444,600   

Nippon Road Co., Ltd. (The)

     112,000         563,152   

Nippon Sharyo Ltd.(a)

     122,000         349,952   

Nippon Shinyaku Co., Ltd.(a)

     20,000         729,623   

Nippon Soda Co., Ltd.

     95,000         552,929   

Nippon Steel & Sumikin Bussan Corp.

     146,736         507,779   

Nippon Synthetic Chemical Industry Co., Ltd. (The)(a)

     102,157       678,917   

Nippon Valqua Industries Ltd.

     273,000         710,244   

Nipro Corp.

     164,191         1,567,636   

Nishi-Nippon City Bank Ltd. (The)

     569,000         1,655,877   

Nishi-Nippon Railroad Co., Ltd.

     214,000         983,231   

Nishimatsu Construction Co., Ltd.(a)

     162,000         575,460   

Nisshinbo Holdings, Inc.

     66,000         634,547   

Nissin Kogyo Co., Ltd.

     45,600         725,493   

Nitta Corp.

     19,500         531,707   

Nitto Boseki Co., Ltd.

     92,000         358,257   

Nitto Kogyo Corp.

     28,200         525,789   

NOF Corp.

     81,000         602,477   

Noritz Corp.(a)

     38,900         639,656   

North Pacific Bank Ltd.

     143,900         544,762   

NS Solutions Corp.

     35,500         1,096,748   

NS United Kaiun Kaisha Ltd.(a)

     239,473         583,082   

Oita Bank Ltd. (The)(a)

     138,000         537,386   

Okamura Corp.

     46,000         370,532   

Oki Electric Industry Co., Ltd.(a)

     271,000         562,677   

OKUMA Corp.

     58,000         539,737   

Okumura Corp.

     165,000         773,233   

OSG Corp.(a)

     50,000         975,610   

Pal Co., Ltd.

     26,700         761,426   

Paltac Corp.

     63,276         891,167   

PanaHome Corp.

     134,000         929,648   

Pasco Corp.

     98,062         281,287   

Pigeon Corp.

     20,800         1,753,496   

Plenus Co., Ltd.

     44,100         820,038   

Pola Orbis Holdings, Inc.(a)

     23,217         1,233,206   

Relo Holdings, Inc.

     10,199         904,877   

Rengo Co., Ltd.

     112,000         475,364   

Resorttrust, Inc.(a)

     57,800         1,508,560   

Riken Corp.

     161,728         640,574   

Riken Technos Corp.

     50,600         184,384   

Riso Kagaku Corp.(a)

     39,200         647,204   

Round One Corp.(a)

     89,359         507,429   

Royal Holdings Co., Ltd.(a)

     21,200         397,572   

Ryobi Ltd.

     174,000         512,170   

Ryoden Trading Co., Ltd.

     52,000         364,661   

Ryosan Co., Ltd.

     24,086         592,886   

Saizeriya Co., Ltd.

     44,200         855,805   

San-Ai Oil Co., Ltd.

     80,000         519,658   

San-In Godo Bank Ltd. (The)

     118,000         975,093   

Sanden Corp.

     84,000         376,135   

Sanken Electric Co., Ltd.(a)

     22,000         152,629   

Sankyu, Inc.

     279,000         1,216,735   

Sanrio Co., Ltd.(a)

     65,800         1,763,994   

Sanwa Holdings Corp.

     167,500         1,245,862   

Sanyo Chemical Industries Ltd.

     90,000         709,193   

Sapporo Holdings Ltd.(a)

     282,000         1,119,300   

Sato Holdings Corp.

     26,700         606,692   

SCREEN Holdings Co., Ltd.(a)

     62,000         470,461   

Seika Corp.

     108,000         295,385   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      83   


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Seiko Holdings Corp.(a)

     45,000       $ 227,392   

Seino Holdings Co., Ltd.

     53,600         582,371   

Senko Co., Ltd.(a)

     170,000         1,105,691   

Shiga Bank Ltd. (The)

     110,000         550,344   

Shinko Electric Industries Co., Ltd.

     86,700         618,847   

Shinmaywa Industries Ltd.

     24,000         255,159   

Shizuoka Gas Co., Ltd.

     39,200         260,189   

Showa Denko K.K.

     883,000         1,126,529   

SKY Perfect JSAT Holdings, Inc.

     214,400         1,333,687   

Sodick Co., Ltd.(a)

     35,300         387,071   

Sojitz Corp.(a)

     754,700         1,264,913   

Sotetsu Holdings, Inc.

     327,000         1,518,774   

Square Enix Holdings Co., Ltd.(a)

     60,900         1,306,614   

St. Marc Holdings Co., Ltd.

     16,800         572,258   

Star Micronics Co., Ltd.

     50,500         709,127   

Starzen Co., Ltd.

     218,000         692,583   

Studio Alice Co., Ltd.

     21,500         401,584   

Sumitomo Bakelite Co., Ltd.(a)

     233,000         1,039,441   

Sumitomo Forestry Co., Ltd.

     91,600         1,002,883   

Sumitomo Osaka Cement Co., Ltd.(a)

     253,000         778,462   

Sumitomo Warehouse Co., Ltd. (The)

     164,295         911,038   

T-Gaia Corp.

     47,700         632,023   

Tadano Ltd.

     35,000         471,628   

Taiyo Holdings Co., Ltd.

     32,359         1,140,019   

Taiyo Yuden Co., Ltd.(a)

     20,900         305,331   

Takagi Securities Co., Ltd.

     58,000         130,098   

Takara Holdings, Inc.

     98,400         713,846   

Takara Leben Co., Ltd.

     31,400         168,619   

Takara Standard Co., Ltd.

     84,000         711,645   

Takasago Thermal Engineering Co., Ltd.

     93,500         1,169,481   

Tama Home Co., Ltd.(a)

     76,800         372,713   

Tamron Co., Ltd.

     17,200         371,035   

Teijin Ltd.

     535,765         1,822,740   

Temp Holdings Co., Ltd.

     8,700         301,789   

TOA Corp.

     34,500         333,421   

Toagosei Co., Ltd.(a)

     234,000         1,071,220   

TOC Co., Ltd.

     84,120         660,755   

Tochigi Bank Ltd. (The)

     115,000         592,620   

Toda Corp.

     148,000         625,691   

Toei Co., Ltd.

     67,000         498,903   

Toho Bank Ltd. (The)

     237,000         976,260   

Toho Holdings Co., Ltd.(a)

     36,200         612,766   

Toho Zinc Co., Ltd.

     125,000         395,039   

Tokai Carbon Co., Ltd.(a)

     225,000         634,146   

Tokai Rika Co., Ltd.

     68,687         1,597,399   

Tokyo Dome Corp.

     96,000         408,255   

Tokyo Seimitsu Co., Ltd.

     22,800         523,587   

Tokyo TY Financial Group, Inc.

     26,800         719,583   

Tokyotokeiba Co., Ltd.(a)

     132,000         328,005   

TOMONY Holdings, Inc.

     150,090         680,834   

Toppan Forms Co., Ltd.

     90,300         1,025,546   

Toshiba Machine Co., Ltd.

     129,000         544,290   

Toshiba Plant Systems & Services Corp.

     35,400         489,121   

Toshiba TEC Corp.

     86,000         570,106   

Towa Bank Ltd. (The)

     529,000       436,698   

Toyo Ink SC Holdings Co., Ltd.

     245,000         1,150,177   

Toyo Kohan Co., Ltd.

     80,400         368,060   

Toyo Securities Co., Ltd.

     174,000         539,737   

Toyo Tire & Rubber Co., Ltd.

     54,600         986,602   

Toyobo Co., Ltd.(a)

     789,694         1,066,754   

Toyota Boshoku Corp.(a)

     103,280         1,295,252   

Trancom Co., Ltd.

     7,000         307,025   

TS Tech Co., Ltd.

     34,200         925,403   

Tsubakimoto Chain Co.

     71,000         592,629   

Tsugami Corp.(a)

     108,247         694,117   

UACJ Corp.(a)

     248,540         688,057   

Ube Industries Ltd.

     824,000         1,291,741   

Union Tool Co.

     14,000         400,417   

Unipres Corp.

     24,400         498,478   

United Arrows Ltd.(a)

     5,600         166,704   

Universal Entertainment Corp.(a)

     36,100         590,303   

UNY Group Holdings Co., Ltd.(a)

     311,600         1,748,650   

Ushio, Inc.

     64,000         798,366   

Valor Co., Ltd.(a)

     43,800         949,228   

Wacoal Holdings Corp.

     44,000         496,043   

Wacom Co., Ltd.(a)

     132,300         637,644   

YAMABIKO Corp.

     5,400         242,251   

Yamato Kogyo Co., Ltd.

     40,513         981,028   

Yamazen Corp.

     84,100         692,155   

Yokohama Reito Co., Ltd.

     62,600         435,864   

Yuasa Trading Co., Ltd.

     30,900         647,502   

Zenrin Co., Ltd.(a)

     37,800         467,437   

Zeon Corp.(a)

     96,000         888,555   

ZERIA Pharmaceutical Co., Ltd.(a)

     27,800         466,173   
     

 

 

 
Total Japan               265,143,171   
Netherlands – 0.8%      

Amsterdam Commodities N.V.

     40,476         1,099,822   

BE Semiconductor Industries N.V.

     63,493         2,036,538   

BinckBank N.V.

     165,319         1,345,671   

Brunel International N.V.(a)

     32,197         615,516   

Koninklijke Ten Cate N.V.(a)

     32,043         724,074   

TKH Group N.V. CVA

     32,589         1,153,269   

USG People N.V.

     48,402         670,070   
     

 

 

 
Total Netherlands               7,644,960   
New Zealand – 3.6%      

Air New Zealand Ltd.

     1,835,170         3,750,129   

Ebos Group Ltd.

     176,737         1,418,125   

Fisher & Paykel Healthcare Corp., Ltd.

     824,286         4,067,309   

Freightways Ltd.

     241,684         1,136,368   

Hallenstein Glasson Holdings Ltd.

     218,840         566,173   

Heartland New Zealand Ltd.(a)

     1,354,648         1,300,289   

Infratil Ltd.(a)

     1,001,650         2,388,617   

Kathmandu Holdings Ltd.(a)

     323,315         334,586   

Mainfreight Ltd.

     81,113         940,988   

Metlifecare Ltd.

     53,302         188,664   

Nuplex Industries Ltd.

     303,998         729,498   

NZX Ltd.

     747,756         622,424   

 

See Notes to Financial Statements.

 

84   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Port of Tauranga Ltd.(a)

     97,280       $ 1,236,507   

Restaurant Brands New Zealand Ltd.

     268,438         813,259   

Skellerup Holdings Ltd.

     349,262         371,915   

Sky Network Television Ltd.(a)

     716,673         3,176,230   

SKYCITY Entertainment Group Ltd.

     1,063,400         3,269,519   

Steel & Tube Holdings Ltd.

     297,630         636,099   

Trade Me Group Ltd.

     527,517         1,463,665   

Warehouse Group Ltd. (The)(a)

     471,775         941,066   

Z Energy Ltd.

     881,211         3,390,008   
     

 

 

 
Total New Zealand               32,741,438   
Norway – 2.4%      

ABG Sundal Collier Holding ASA

     1,159,372         916,380   

Atea ASA

     284,447         3,203,033   

Austevoll Seafood ASA

     208,662         1,115,923   

Borregaard ASA

     122,293         902,884   

Kvaerner ASA

     215,930         160,760   

Leroy Seafood Group ASA

     77,061         2,247,067   

Opera Software ASA(a)

     17,791         142,940   

Petroleum Geo-Services ASA(a)

     208,585         1,073,323   

Protector Forsikring ASA

     118,418         980,804   

Salmar ASA

     276,614         3,981,490   

Selvaag Bolig ASA

     273,466         946,719   

SpareBank 1 Nord Norge

     161,499         817,605   

SpareBank 1 SMN(a)

     160,975         1,188,472   

Tomra Systems ASA

     149,852         1,259,753   

Veidekke ASA(a)

     184,775         2,166,648   

Wilh. Wilhelmsen ASA

     161,506         959,926   
     

 

 

 
Total Norway               22,063,727   
Portugal – 0.6%      

CTT-Correios de Portugal S.A.

     199,320         2,137,057   

Mota-Engil, SGPS, S.A.

     188,740         697,311   

REN-Redes Energeticas Nacionais, SGPS, S.A.

     583,967         1,713,457   

Semapa-Sociedade de Investimento e Gestao

     81,069         1,083,127   

Teixeira Duarte S.A.(a)

     132,893         109,043   
     

 

 

 
Total Portugal               5,739,995   
Singapore – 4.1%      

Amtek Engineering Ltd.

     1,171,678         533,862   

Asian Pay Television Trust

     5,398,800         3,502,903   

Boustead Singapore Ltd.

     817,800         1,013,531   

Chip Eng Seng Corp., Ltd.

     1,707,878         1,207,729   

Courts Asia Ltd.(a)

     890,860         298,750   

CSE Global Ltd.

     1,338,400         541,527   

CWT Ltd.(a)

     750,876         845,741   

Dyna-Mac Holdings Ltd.

     693,600         159,280   

Falcon Energy Group Ltd.

     1,284,642         238,816   

Fragrance Group Ltd.

     2,460,769         367,761   

GMG Global Ltd.

     4,120,400         210,270   

Ho Bee Land Ltd.(a)

     667,600         1,046,395   

Hong Fok Corp., Ltd.

     791,104         513,292   

Hong Leong Asia Ltd.

     1,136,721         1,093,877   

Hotel Properties Ltd.

     353,800         1,070,402   

Hyflux Ltd.(a)

     311,400         207,721   

Jaya Holdings Ltd.(a)

     4,711,108         68,690   

Keppel Telecommunications & Transportation Ltd.(a)

     116,400       155,290   

OSIM International Ltd.(a)

     755,100         1,078,950   

OUE Ltd.(a)

     1,803,197         2,839,473   

Oxley Holdings Ltd.(a)

     3,896,082         1,420,165   

Pacific Radiance Ltd.(a)

     309,742         150,163   

Pan-United Corp., Ltd.(a)

     875,400         513,740   

Petra Foods Ltd.(a)

     302,803         843,266   

Raffles Medical Group Ltd.(a)

     322,000         922,549   

Religare Health Trust

     2,102,032         1,670,347   

Rickmers Maritime

     6,145,542         1,276,868   

Sinarmas Land Ltd.

     312,400         173,087   

SMRT Corp., Ltd.

     970,800         1,132,376   

Stamford Land Corp., Ltd.

     2,216,600         896,853   

Super Group Ltd.(a)

     1,414,864         1,536,887   

Tat Hong Holdings Ltd.

     603,600         294,825   

UMS Holdings Ltd.

     1,635,167         631,799   

United Engineers Ltd.

     755,189         1,503,001   

Venture Corp., Ltd.

     649,744         4,049,946   

Wee Hur Holdings Ltd.

     3,670,599         1,003,481   

Wing Tai Holdings Ltd.(a)

     1,372,200         1,920,700   

Yongnam Holdings Ltd.

     1,757,993         179,426   
     

 

 

 
Total Singapore               37,113,739   
Spain – 0.6%      

Cie Automotive S.A.(a)

     78,508         1,167,377   

Duro Felguera S.A.

     255,380         1,006,600   

Elecnor S.A.(a)

     64,323         627,272   

Faes Farma S.A.

     282,864         718,477   

Melia Hotels International S.A.(a)

     28,224         347,837   

Miquel y Costas & Miquel S.A.

     15,055         533,579   

Papeles y Cartones de Europa S.A.

     113,960         619,309   

Pescanova S.A.*†

     7,082         0   
     

 

 

 
Total Spain               5,020,451   
Sweden – 4.1%      

AddTech AB Class B

     51,311         688,684   

AF AB Class B

     66,628         929,032   

Atrium Ljungberg AB Class B

     142,421         2,168,341   

Axis Communications AB(a)

     58,996         2,327,264   

B&B Tools AB Class B

     35,755         584,581   

Betsson AB*

     52,686         1,978,157   

Bilia AB Class A

     46,378         1,667,103   

Byggmax Group AB

     108,751         756,612   

Clas Ohlson AB Class B

     84,768         1,378,553   

Duni AB

     91,490         1,318,132   

Fabege AB(a)

     225,319         3,234,500   

Gunnebo AB

     131,317         691,298   

Holmen AB Class B

     84,879         2,864,059   

Indutrade AB

     32,903         1,508,936   

Kungsleden AB

     207,569         1,606,580   

Loomis AB Class B

     66,558         2,036,706   

Mekonomen AB

     68,279         1,801,181   

New Wave Group AB Class B

     78,928         388,048   

Nobia AB

     99,795         881,764   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      85   


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Nolato AB Class B

     46,193       $ 1,116,789   

Peab AB

     349,062         2,748,281   

Proffice AB Class B

     93,123         254,834   

Ratos AB Class B(a)

     404,851         2,774,415   

Semcon AB

     67,293         479,881   

Svenska Cellulosa AB SCA Class A

     27,911         647,283   

Sweco AB Class B

     72,495         928,879   
     

 

 

 
Total Sweden               37,759,893   
Switzerland – 1.7%      

Ascom Holding AG Registered Shares

     32,015         552,096   

BKW AG

     52,008         1,815,166   

Cembra Money Bank AG

     47,251         2,899,372   

Gategroup Holding AG*

     20,601         696,739   

Implenia AG Registered Shares

     12,578         826,188   

Kudelski S.A. Bearer Shares

     31,023         381,679   

Leonteq AG*

     1,598         547,035   

Logitech International S.A. Registered Shares(a)

     142,926         1,890,867   

Tecan Group AG Registered Shares

     6,077         797,712   

Valiant Holding AG Registered Shares

     16,753         1,416,062   

Vontobel Holding AG Registered Shares

     87,508         3,716,365   
     

 

 

 
Total Switzerland               15,539,281   
United Kingdom – 15.4%      

A.G.BARR PLC

     77,208         698,581   

Abcam PLC

     43,917         316,521   

Acacia Mining PLC

     212,101         824,944   

Al Noor Hospitals Group PLC

     26,827         404,619   

Alent PLC

     235,938         1,312,037   

Aveva Group PLC(a)

     32,960         724,151   

Bank of Georgia Holdings PLC

     37,298         960,651   

Betfair Group PLC

     39,994         1,326,945   

Bloomsbury Publishing PLC

     136,314         309,102   

Bodycote PLC

     108,018         1,152,937   

Bovis Homes Group PLC

     82,860         1,147,029   

Brammer PLC

     110,353         655,277   

Brewin Dolphin Holdings PLC

     248,520         1,145,522   

Cable & Wireless Communications PLC

     4,577,372         4,141,622   

Chesnara PLC

     209,550         1,067,772   

Chime Communications PLC

     105,792         431,490   

Cineworld Group PLC

     199,127         1,418,900   

Communisis PLC

     242,645         191,810   

Computacenter PLC

     119,702         1,213,676   

Concentric AB

     48,056         642,210   

Connect Group PLC

     274,288         628,076   

Costain Group PLC

     157,666         737,274   

Countrywide PLC

     128,954         983,962   

Cranswick PLC

     44,020         897,224   

Crest Nicholson Holdings PLC

     208,580         1,318,126   

CSR PLC

     64,608         837,779   

Dairy Crest Group PLC(a)

     224,182         1,472,633   

Darty PLC

     533,957         519,192   

De La Rue PLC

     178,251         1,468,607   

Debenhams PLC

     2,371,445         2,650,871   

Dechra Pharmaceuticals PLC

     82,059         1,226,694   

Development Securities PLC

     119,126       410,275   

Devro PLC

     278,836         1,182,812   

Diploma PLC

     96,892         1,152,848   

Domino Printing Sciences PLC

     93,431         1,296,830   

Domino’s Pizza Group PLC

     176,770         2,035,030   

E2V Technologies PLC

     275,495         789,317   

Electrocomponents PLC

     611,451         2,192,095   

Elementis PLC

     309,100         1,331,610   

EMIS Group PLC

     60,539         776,029   

esure Group PLC

     472,714         1,476,470   

Euromoney Institutional Investor PLC

     70,221         1,167,523   

Fenner PLC

     58,063         173,898   

Ferrexpo PLC

     76,481         71,528   

Fidessa Group PLC

     41,520         1,359,701   

Foxtons Group PLC(a)

     87,247         265,836   

Galliford Try PLC

     83,726         1,771,152   

Genus PLC

     68,716         1,396,503   

Go-Ahead Group PLC

     70,537         2,439,795   

Greggs PLC

     165,763         2,514,890   

Halfords Group PLC

     262,009         1,792,294   

Headlam Group PLC

     80,769         516,177   

Helical Bar PLC

     144,562         846,070   

Hill & Smith Holdings PLC

     119,362         1,213,772   

Hilton Food Group PLC

     97,568         632,950   

Homeserve PLC

     359,129         2,039,745   

Hunting PLC

     128,196         933,076   

Interserve PLC

     133,785         1,151,903   

ITE Group PLC

     306,965         822,520   

J D Wetherspoon PLC

     80,873         903,422   

James Fisher & Sons PLC

     33,669         654,260   

James Halstead PLC

     173,522         850,059   

John Menzies PLC(a)

     73,646         409,978   

Johnson Service Group PLC

     375,987         418,615   

Kcom Group PLC

     997,929         1,351,802   

Keller Group PLC

     60,200         847,646   

Kier Group PLC

     73,068         1,722,496   

Ladbrokes PLC(a)

     1,897,778         2,938,395   

Laird PLC

     412,436         2,056,587   

Lookers PLC

     319,872         682,597   

Low & Bonar PLC

     459,201         393,673   

Marshalls PLC

     200,999         829,505   

Marston’s PLC

     975,696         2,205,946   

Michael Page International PLC

     265,329         2,054,090   

Micro Focus International PLC

     152,940         2,681,338   

Mitie Group PLC(a)

     465,416         1,906,913   

Moneysupermarket.com Group PLC

     701,396         2,804,014   

Morgan Advanced Materials PLC

     296,304         1,497,736   

Morgan Sindall Group PLC

     68,921         804,694   

N Brown Group PLC(a)

     281,021         1,327,454   

National Express Group PLC

     631,787         2,660,790   

NCC Group PLC

     224,514         653,251   

NMC Health PLC

     76,930         758,877   

Northgate PLC

     59,415         521,272   

Novae Group PLC

     105,879         1,122,247   

 

See Notes to Financial Statements.

 

86   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Pace PLC

     127,690       $ 653,968   

Pan African Resources PLC

     1,185,957         202,464   

Pendragon PLC

     352,863         205,602   

Photo-Me International PLC

     432,938         944,764   

Polar Capital Holdings PLC

     89,542         491,823   

Premier Farnell PLC

     609,306         1,673,353   

QinetiQ Group PLC

     481,708         1,365,118   

Rank Group PLC

     330,791         913,862   

Renishaw PLC

     53,319         1,932,895   

Restaurant Group PLC (The)

     129,315         1,292,906   

Ricardo PLC

     57,766         668,450   

RPC Group PLC

     252,620         2,175,085   

RPS Group PLC

     195,641         654,337   

Savills PLC

     93,738         1,129,932   

Schroders PLC Non-Voting Shares

     60,353         2,176,241   

Senior PLC

     263,365         1,271,420   

Shanks Group PLC

     566,260         888,949   

SIG PLC

     374,145         1,127,500   

Spirit Pub Co. PLC

     689,133         1,162,149   

St. Ives PLC

     199,968         501,681   

St. Modwen Properties PLC

     86,610         571,377   

SThree PLC

     167,487         865,870   

Synergy Health PLC

     36,716         1,267,240   

Synthomer PLC

     259,268         1,186,981   

Ted Baker PLC

     19,345         717,942   

Telecity Group PLC(a)

     109,846         1,426,832   

Telecom Plus PLC(a)

     57,198         738,721   

TT electronics PLC

     199,660         395,688   

Tullett Prebon PLC

     327,657         1,816,244   

Ultra Electronics Holdings PLC

     60,631         1,536,416   

Unite Group PLC (The)

     82,940         720,894   

UTV Media PLC

     260,424         657,219   

Vesuvius PLC

     317,670         2,315,937   

WH Smith PLC

     142,322         2,744,490   

WS Atkins PLC

     79,039         1,498,349   

Xaar PLC

     21,495         131,467   
     

 

 

 
Total United Kingdom               141,660,706   
TOTAL COMMON STOCKS
(Cost: $846,521,258)
              902,986,362   
EXCHANGE-TRADED FUNDS – 0.7%      
United States – 0.7%      

WisdomTree Europe SmallCap Dividend Fund(a)(b)

     65,734         3,658,097   

WisdomTree Japan SmallCap Dividend Fund(b)

     55,555         3,007,859   
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $6,590,516)
              6,665,956   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 17.6%      
United States – 17.6%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $161,117,220)(d)      161,117,220       161,117,220   
TOTAL INVESTMENTS IN SECURITIES – 116.7%
(Cost: $1,014,228,994)
         1,070,769,538   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (16.7)%

        (152,991,994
     

 

 

 
NET ASSETS – 100.0%             $ 917,777,544   
* 

Non-income producing security.

 

 

Security is being fair valued by a valuation 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 March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $157,008,077 and the total market value of the collateral held by the Fund was $166,749,559. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,632,339. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      87   


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
Japan – 99.0%      
Auto Components – 14.7%      

Aisin Seiki Co., Ltd.(a)

     750       $ 27,267   

Bridgestone Corp.

     2,408         96,702   

Calsonic Kansei Corp.

     394         2,618   

Denso Corp.

     1,811         82,799   

Exedy Corp.

     162         3,867   

FCC Co., Ltd.

     168         2,629   

Keihin Corp.

     177         2,717   

Koito Manufacturing Co., Ltd.

     436         13,143   

KYB Co., Ltd.

     413         1,515   

Mitsuba Corp.

     177         3,920   

Musashi Seimitsu Industry Co., Ltd.

     41         869   

NGK Spark Plug Co., Ltd.

     637         17,157   

NHK Spring Co., Ltd.

     813         8,494   

Nifco, Inc.

     189         6,532   

Nissan Shatai Co., Ltd.

     362         4,658   

Nissin Kogyo Co., Ltd.

     168         2,673   

NOK Corp.(a)

     428         12,919   

Sanden Corp.

     253         1,133   

Showa Corp.

     220         2,227   

Stanley Electric Co., Ltd.

     625         14,160   

Sumitomo Electric Industries Ltd.

     2,919         38,336   

Sumitomo Rubber Industries Ltd.

     636         11,763   

Tachi-S Co., Ltd.(a)

     164         2,303   

Takata Corp.

     19         209   

Tokai Rika Co., Ltd.

     173         4,023   

Topre Corp.

     179         2,805   

Toyo Tire & Rubber Co., Ltd.

     382         6,903   

Toyoda Gosei Co., Ltd.

     226         5,062   

Toyota Boshoku Corp.(a)

     356         4,465   

TPR Co., Ltd.

     46         1,237   

TS Tech Co., Ltd.

     185         5,006   

Unipres Corp.

     163         3,330   

Yokohama Rubber Co., Ltd. (The)

     1,498         15,489   
     

 

 

 
Total Auto Components         408,930   
Automobiles – 31.8%      

Daihatsu Motor Co., Ltd.(a)

     782         11,985   

Fuji Heavy Industries Ltd.

     2,324         77,341   

Honda Motor Co., Ltd.(a)

     6,482         210,959   

Isuzu Motors Ltd.

     2,336         31,117   

Mazda Motor Corp.

     2,151         43,746   

Mitsubishi Motors Corp.

     2,753         24,907   

Nissan Motor Co., Ltd.(a)

     9,078         92,654   

Suzuki Motor Corp.

     1,550         46,691   

Toyota Motor Corp.(a)

     4,566         319,173   

Yamaha Motor Co., Ltd.(a)

     1,030         24,924   
     

 

 

 
Total Automobiles         883,497   
Building Products – 4.8%      

Aica Kogyo Co., Ltd.

     350         8,172   

Asahi Glass Co., Ltd.

     4,102         26,953   

Bunka Shutter Co., Ltd.

     136         1,127   

Central Glass Co., Ltd.

     378       1,787   

Daikin Industries Ltd.(a)

     1,143         76,686   

Nippon Sheet Glass Co., Ltd.*

     3,653         3,595   

Nitto Boseki Co., Ltd.

     356         1,386   

Noritz Corp.

     176         2,894   

Sanwa Holdings Corp.

     835         6,211   

Takasago Thermal Engineering Co., Ltd.

     212         2,652   
     

 

 

 
Total Building Products         131,463   
Chemicals – 2.4%      

Kansai Paint Co., Ltd.

     1,510         27,499   

Nippon Paint Holdings Co., Ltd.

     974         35,736   

Toyo Ink SC Holdings Co., Ltd.

     831         3,901   
     

 

 

 
Total Chemicals         67,136   
Construction & Engineering – 2.2%      

COMSYS Holdings Corp.

     576         7,133   

JGC Corp.

     1,503         29,935   

Kandenko Co., Ltd.

     200         1,162   

Kinden Corp.

     425         5,323   

Kyowa Exeo Corp.(a)

     369         3,966   

Kyudenko Corp.

     79         864   

Mirait Holdings Corp.

     219         2,454   

Nippon Densetsu Kogyo Co., Ltd.

     201         3,000   

Taikisha Ltd.

     159         3,964   

Toshiba Plant Systems & Services Corp.

     170         2,349   

Toyo Engineering Corp.

     284         744   
     

 

 

 
Total Construction & Engineering         60,894   
Electrical Equipment – 6.8%      

Fuji Electric Co., Ltd.

     2,108         9,967   

Fujikura Ltd.

     1,602         7,040   

Furukawa Electric Co., Ltd.(a)

     2,261         3,827   

GS Yuasa Corp.(a)

     1,728         7,795   

Mitsubishi Electric Corp.

     7,688         91,577   

Nidec Corp.(a)

     952         63,403   

Ushio, Inc.

     435         5,426   
     

 

 

 
Total Electrical Equipment         189,035   
Machinery – 29.2%      

Aida Engineering Ltd.

     362         4,166   

Amada Co., Ltd.

     1,583         15,272   

Asahi Diamond Industrial Co., Ltd.

     349         4,001   

CKD Corp.

     210         1,972   

Daifuku Co., Ltd.

     438         5,800   

DMG Mori Seiki Co., Ltd.

     400         6,157   

Ebara Corp.

     1,792         7,576   

FANUC Corp.(a)

     676         147,968   

Fujitec Co., Ltd.

     240         2,349   

Furukawa Co., Ltd.(a)

     1,714         3,030   

Glory Ltd.

     231         6,453   

Hino Motors Ltd.

     1,000         14,301   

Hitachi Construction Machinery Co., Ltd.(a)

     358         6,275   

Hitachi Zosen Corp.(a)

     553         2,859   

Hoshizaki Electric Co., Ltd.

     205         13,385   

IHI Corp.(a)

     5,695         26,736   

 

See Notes to Financial Statements.

 

88   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Iseki & Co., Ltd.

     1,736       $ 3,329   

Japan Steel Works Ltd. (The)

     1,703         7,171   

JTEKT Corp.(a)

     825         12,906   

Kawasaki Heavy Industries Ltd.

     5,974         30,237   

Kitz Corp.

     398         1,971   

Komatsu Ltd.

     3,392         66,822   

Komori Corp.(a)

     243         3,102   

Kubota Corp.

     3,987         63,267   

Kurita Water Industries Ltd.

     400         9,689   

Kyokuto Kaihatsu Kogyo Co., Ltd.

     48         545   

Makino Milling Machine Co., Ltd.

     193         1,645   

Makita Corp.(a)

     549         28,566   

Meidensha Corp.

     381         1,233   

Minebea Co., Ltd.

     1,652         26,145   

Mitsubishi Heavy Industries Ltd.

     11,819         65,272   

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

     3,547         6,063   

Miura Co., Ltd.(a)

     400         4,516   

Nabtesco Corp.

     428         12,420   

Nachi-Fujikoshi Corp.

     818         4,488   

NGK Insulators Ltd.

     1,502         32,125   

NSK Ltd.

     1,807         26,489   

NTN Corp.

     1,870         9,933   

OKUMA Corp.

     556         5,174   

OSG Corp.

     364         7,102   

Shibuya Kogyo Co., Ltd.

     37         718   

Shinmaywa Industries Ltd.

     351         3,732   

SMC Corp.

     225         67,251   

Sodick Co., Ltd.

     179         1,963   

Star Micronics Co., Ltd.

     149         2,092   

Sumitomo Heavy Industries Ltd.

     2,128         13,965   

Tadano Ltd.

     412         5,552   

Takeuchi Manufacturing Co., Ltd.

     21         953   

THK Co., Ltd.(a)

     429         10,946   

Toshiba Machine Co., Ltd.

     211         890   

Tsubakimoto Chain Co.

     574         4,791   
     

 

 

 
Total Machinery               811,363   
Metals & Mining – 7.1%      

Daido Steel Co., Ltd.

     1,711         7,676   

Hitachi Metals Ltd.

     698         10,738   

JFE Holdings, Inc.(a)

     2,022         44,748   

Kobe Steel Ltd.(a)

     12,106         22,410   

Maruichi Steel Tube Ltd.(a)

     350         8,306   

Nippon Steel & Sumitomo Metal Corp.(a)

     35,641         89,901   

Nisshin Steel Co., Ltd.(a)

     400         5,013   

Sanyo Special Steel Co., Ltd.

     255         1,072   

Tokyo Steel Manufacturing Co., Ltd.

     369         2,483   

Yamato Kogyo Co., Ltd.

     187         4,528   
     

 

 

 
Total Metals & Mining               196,875   
TOTAL COMMON STOCKS
(Cost: $2,759,583)
              2,749,193   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 22.8%      
United States – 22.8%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $631,865)(c)      631,865       $ 631,865   
TOTAL INVESTMENTS IN SECURITIES – 121.8%
(Cost: $3,391,448)
         3,381,058   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (21.8)%

        (604,355
     

 

 

 
NET ASSETS – 100.0%             $ 2,776,703   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $615,549 and the total market value of the collateral held by the Fund was $646,894. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $15,029. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      89   


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%      
Japan – 98.9%      
Air Freight & Logistics – 0.0%      

Kintetsu World Express, Inc.

     115,700       $ 5,209,756   

Yusen Logistics Co., Ltd.(a)

     147,200         1,825,194   
     

 

 

 
Total Air Freight & Logistics               7,034,950   
Airlines – 0.7%      

Japan Airlines Co., Ltd.

     3,648,100         113,770,223   
Auto Components – 6.5%      

Aisin Seiki Co., Ltd.

     2,524,508         91,781,154   

Akebono Brake Industry Co., Ltd.(a)

     559,448         2,052,592   

Bridgestone Corp.

     5,232,285         210,120,363   

Calsonic Kansei Corp.

     1,837,000         12,208,372   

Daido Metal Co., Ltd.

     452,500         4,720,263   

Denso Corp.

     6,461,479         295,420,382   

Eagle Industry Co., Ltd.

     198,300         4,023,047   

Exedy Corp.

     492,915         11,767,485   

G-Tekt Corp.

     410,103         3,710,334   

Keihin Corp.(a)

     764,534         11,736,561   

Koito Manufacturing Co., Ltd.(a)

     553,501         16,684,646   

KYB Co., Ltd.

     4,064,000         14,910,653   

Musashi Seimitsu Industry Co., Ltd.(a)

     376,900         7,988,991   

NGK Spark Plug Co., Ltd.(a)

     802,664         21,618,551   

Nifco, Inc.

     462,545         15,987,067   

Nissin Kogyo Co., Ltd.

     540,646         8,601,647   

NOK Corp.(a)

     725,700         21,905,641   

Pacific Industrial Co., Ltd.(a)

     125,300         1,027,058   

Press Kogyo Co., Ltd.(a)

     270,000         1,096,435   

Riken Corp.

     1,267,000         5,018,345   

Sanden Corp.

     1,627,000         7,285,378   

Sanoh Industrial Co., Ltd.

     445,544         3,217,353   

Showa Corp.

     92,700         938,402   

Stanley Electric Co., Ltd.

     1,003,107         22,726,218   

Sumitomo Electric Industries Ltd.

     4,870,083         63,959,814   

Sumitomo Riko Co., Ltd.

     701,400         6,158,634   

Sumitomo Rubber Industries Ltd.

     3,055,491         56,510,978   

T. RAD Co., Ltd.

     1,779,667         3,798,997   

Tachi-S Co., Ltd.(a)

     182,100         2,557,068   

Takata Corp.(a)

     463,000         5,080,742   

Tokai Rika Co., Ltd.

     1,227,714         28,551,965   

Topre Corp.

     454,900         7,127,430   

Toyo Tire & Rubber Co., Ltd.

     541,600         9,786,510   

Toyota Boshoku Corp.(a)

     95,236         1,194,371   

TPR Co., Ltd.

     199,194         5,356,687   

TS Tech Co., Ltd.

     650,932         17,613,295   

Unipres Corp.

     427,400         8,731,541   

Yokohama Rubber Co., Ltd. (The)

     1,448,000         14,972,024   
     

 

 

 
Total Auto Components               1,027,946,994   
Automobiles – 14.6%      

Daihatsu Motor Co., Ltd.(a)

     3,329,169         51,023,662   

Fuji Heavy Industries Ltd.

     4,592,767         152,843,303   

Honda Motor Co., Ltd.(a)

     14,422,447         469,383,453   

Isuzu Motors Ltd.

     5,580,000         74,330,206   

Mazda Motor Corp.(a)

     387,415       7,879,134   

Mitsubishi Motors Corp.(a)

     7,239,001         65,493,568   

Nissan Motor Co., Ltd.(a)

     48,325,704         493,230,450   

Suzuki Motor Corp.

     1,365,836         41,143,069   

Toyota Motor Corp.

     12,982,075         907,473,293   

Yamaha Motor Co., Ltd.(a)

     1,887,800         45,681,848   
     

 

 

 
Total Automobiles               2,308,481,986   
Banks – 7.8%      

Mitsubishi UFJ Financial Group, Inc.

     123,189,422         763,943,908   

Mizuho Financial Group, Inc.(a)

     264,148,444         464,971,745   
     

 

 

 
Total Banks               1,228,915,653   
Beverages – 1.3%      

Kirin Holdings Co., Ltd.(a)

     9,186,845         120,805,959   

Suntory Beverage & Food Ltd.

     1,805,000         77,513,029   
     

 

 

 
Total Beverages               198,318,988   
Building Products – 0.9%      

Asahi Glass Co., Ltd.(a)

     9,480,735         62,295,761   

Central Glass Co., Ltd.

     1,765,000         8,344,841   

Daikin Industries Ltd.(a)

     735,749         49,362,822   

Okabe Co., Ltd.

     500,800         4,631,121   

Sanwa Holdings Corp.

     2,377,331         17,682,546   
     

 

 

 
Total Building Products               142,317,091   
Capital Markets – 1.2%      

Monex Group, Inc.(a)

     4,119,796         11,027,346   

Nomura Holdings, Inc.(a)

     30,769,345         181,190,840   

Sparx Group Co., Ltd.(a)

     1,228,500         2,233,171   
     

 

 

 
Total Capital Markets               194,451,357   
Chemicals – 7.3%      

ADEKA Corp.

     930,900         12,062,694   

Asahi Kasei Corp.

     10,919,522         104,619,811   

Chugoku Marine Paints Ltd.

     350,000         3,172,399   

Daicel Corp.

     2,339,542         27,955,503   

Denki Kagaku Kogyo K.K.

     6,695,076         26,462,089   

DIC Corp.

     7,897,538         23,048,891   

Fujimi, Inc.

     759,700         13,119,355   

Hitachi Chemical Co., Ltd.

     1,823,115         39,099,869   

JSP Corp.(a)

     418,896         7,806,817   

JSR Corp.

     414,800         7,204,740   

Kansai Paint Co., Ltd.(a)

     906,000         16,499,512   

Kumiai Chemical Industry Co., Ltd.

     426,900         3,527,687   

Kuraray Co., Ltd.(a)

     4,178,937         56,694,855   

Kureha Corp.(a)

     1,188,000         5,111,595   

Lintec Corp.

     981,047         23,412,604   

Mitsubishi Chemical Holdings Corp.

     15,268,163         88,941,744   

Mitsubishi Gas Chemical Co., Inc.(a)

     2,411,564         11,904,489   

Mitsui Chemicals, Inc.(a)

     4,567,079         14,699,958   

Nihon Nohyaku Co., Ltd.

     199,300         1,999,232   

Nihon Parkerizing Co., Ltd.

     397,400         4,821,488   

Nippon Paint Holdings Co., Ltd.(a)

     1,107,000         40,615,385   

Nippon Shokubai Co., Ltd.(a)

     1,147,000         16,861,880   

Nippon Soda Co., Ltd.

     1,020,000         5,936,710   

Nissan Chemical Industries Ltd.

     1,128,953         23,431,011   

 

See Notes to Financial Statements.

 

90   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Nitto Denko Corp.

     1,206,774       $ 80,803,796   

NOF Corp.

     140,000         1,041,318   

Sakata INX Corp.

     420,700         3,957,053   

Sanyo Chemical Industries Ltd.

     1,167,000         9,195,872   

Shin-Etsu Chemical Co., Ltd.(a)

     2,258,079         147,808,382   

Showa Denko K.K.

     13,475,312         17,191,768   

Sumitomo Bakelite Co., Ltd.

     4,093,000         18,259,371   

Sumitomo Chemical Co., Ltd.

     13,198,485         68,014,707   

Taiyo Holdings Co., Ltd.

     173,226         6,102,813   

Taiyo Nippon Sanso Corp.(a)

     1,613,953         22,057,694   

Takasago International Corp.

     573,634         2,606,884   

Teijin Ltd.

     7,565,000         25,737,086   

Toray Industries, Inc.(a)

     9,333,318         78,371,076   

Tosoh Corp.

     2,303,614         11,640,526   

Toyo Ink SC Holdings Co., Ltd.

     4,760,322         22,347,811   

Toyobo Co., Ltd.

     10,452,513         14,119,717   

Ube Industries Ltd.

     15,622,000         24,489,773   

Zeon Corp.(a)

     1,652,000         15,290,557   
     

 

 

 
Total Chemicals               1,148,046,522   
Commercial Services & Supplies – 0.1%      

Sato Holdings Corp.

     385,667         8,763,332   
Communications Equipment – 0.0%      

Hitachi Kokusai Electric, Inc.

     584,000         7,849,973   
Construction & Engineering – 0.2%      

JGC Corp.(a)

     1,308,018         26,051,290   

Penta-Ocean Construction Co., Ltd.(a)

     1,002,143         3,668,466   

Toyo Engineering Corp.(a)

     775,000         2,029,185   
     

 

 

 
Total Construction & Engineering               31,748,941   
Containers & Packaging – 0.0%      

Fuji Seal International, Inc.

     137,491         3,829,226   
Electrical Equipment – 1.7%      

Daihen Corp.

     822,000         4,050,882   

Denyo Co., Ltd.

     68,900         1,030,699   

Fuji Electric Co., Ltd.

     5,560,869         26,291,538   

Fujikura Ltd.

     1,568,577         6,892,975   

Furukawa Electric Co., Ltd.(a)

     5,844,000         9,892,283   

GS Yuasa Corp.(a)

     1,939,920         8,751,275   

Idec Corp.

     377,307         3,297,209   

Mitsubishi Electric Corp.

     10,727,114         127,777,214   

Nidec Corp.(a)

     809,258         53,896,549   

Nippon Carbon Co., Ltd.

     4,378,624         13,691,757   

Sanyo Denki Co., Ltd.

     141,000         1,007,605   

Ushio, Inc.(a)

     725,909         9,055,325   
     

 

 

 
Total Electrical Equipment               265,635,311   
Electronic Equipment, Instruments & Components – 6.0%   

Amano Corp.

     733,033         8,783,560   

Anritsu Corp.(a)

     609,000         4,260,588   

Canon Electronics, Inc.

     690,900         14,028,280   

Citizen Holdings Co., Ltd.(a)

     2,619,185         20,136,657   

Enplas Corp.(a)

     37,948         1,526,780   

Hakuto Co., Ltd.

     542,919         6,496,467   

Hamamatsu Photonics K.K.(a)

     992,970         30,097,527   

Hitachi High-Technologies Corp.

     556,619       17,010,704   

Hitachi Ltd.

     25,105,028         172,328,197   

Horiba Ltd.

     30,000         1,149,468   

Hoya Corp.

     3,443,157         138,314,854   

Ibiden Co., Ltd.(a)

     1,031,501         17,434,668   

Japan Aviation Electronics Industry Ltd.

     309,000         7,513,396   

Keyence Corp.

     26,110         14,282,393   

Koa Corp.

     101,246         986,922   

Kyocera Corp.

     2,208,218         121,380,638   

Macnica, Inc.

     120,600         3,851,557   

Murata Manufacturing Co., Ltd.

     1,130,456         155,864,832   

Nichicon Corp.

     123,000         1,151,795   

Nippon Electric Glass Co., Ltd.(a)

     5,879,301         28,777,567   

Oki Electric Industry Co., Ltd.(a)

     5,671,309         11,775,326   

Omron Corp.

     986,000         44,562,185   

Optex Co., Ltd.

     157,300         3,222,732   

Ryosan Co., Ltd.

     381,145         9,382,031   

Sanshin Electronics Co., Ltd.

     542,854         4,503,979   

Shimadzu Corp.

     1,290,000         14,424,765   

Siix Corp.(a)

     389,200         9,726,349   

Taiyo Yuden Co., Ltd.(a)

     449,500         6,566,804   

TDK Corp.

     641,868         45,708,173   

Topcon Corp.(a)

     406,100         9,982,762   

UKC Holdings Corp.

     19,199         333,471   

Yaskawa Electric Corp.(a)

     720,500         10,579,950   

Yokogawa Electric Corp.(a)

     733,838         7,924,288   
     

 

 

 
Total Electronic Equipment, Instruments & Components         944,069,665   
Energy Equipment & Services – 0.0%      

Modec, Inc.(a)

     81,400         1,282,173   
Food & Staples Retailing – 1.4%      

Ministop Co., Ltd.(a)

     65,700         926,949   

Seven & I Holdings Co., Ltd.

     5,061,924         213,282,485   
     

 

 

 
Total Food & Staples Retailing               214,209,434   
Food Products – 0.8%      

Ajinomoto Co., Inc.(a)

     3,383,513         74,328,664   

Fuji Oil Co., Ltd.

     259,600         4,143,210   

Kikkoman Corp.(a)

     793,000         25,226,558   

Nisshin Oillio Group Ltd. (The)

     364,909         1,357,093   

Sakata Seed Corp.(a)

     76,539         1,247,728   

Yakult Honsha Co., Ltd.(a)

     199,287         13,908,961   
     

 

 

 
Total Food Products               120,212,214   
Health Care Equipment & Supplies – 0.5%      

Asahi Intecc Co., Ltd.

     24,800         1,737,086   

Nipro Corp.

     668,900         6,386,412   

Sysmex Corp.

     527,860         29,358,568   

Terumo Corp.(a)

     1,886,156         49,857,115   
     

 

 

 
Total Health Care Equipment & Supplies               87,339,181   
Household Durables – 1.9%      

Casio Computer Co., Ltd.(a)

     1,838,957         34,946,700   

Foster Electric Co., Ltd.(a)

     764,596         19,126,854   

Fujitsu General Ltd.

     685,000         9,001,960   

Nikon Corp.(a)

     2,846,400         38,213,083   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      91   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Panasonic Corp.

     9,175,170       $ 120,652,434   

Rinnai Corp.(a)

     175,100         13,009,306   

Sekisui Chemical Co., Ltd.

     4,243,000         55,158,115   

Tamron Co., Ltd.

     157,100         3,388,932   
     

 

 

 
Total Household Durables               293,497,384   
Household Products – 0.4%      

Lion Corp.

     366,000         2,233,996   

Pigeon Corp.

     187,400         15,798,324   

Unicharm Corp.

     1,621,100         42,607,523   
     

 

 

 
Total Household Products               60,639,843   
Industrial Conglomerates – 0.8%      

Nisshinbo Holdings, Inc.

     908,000         8,729,823   

Toshiba Corp.(a)

     27,470,618         115,494,564   
     

 

 

 
Total Industrial Conglomerates               124,224,387   
Insurance – 1.9%      

MS&AD Insurance Group Holdings, Inc.(a)

     4,378,800         123,048,205   

Tokio Marine Holdings, Inc.

     4,505,700         170,515,901   
     

 

 

 
Total Insurance               293,564,106   
IT Services – 0.6%      

Fujitsu Ltd.

     4,880,328         33,333,139   

NTT Data Corp.(a)

     1,474,700         64,312,537   
     

 

 

 
Total IT Services               97,645,676   
Leisure Products – 0.4%      

Dunlop Sports Co., Ltd.

     136,580         1,381,460   

Mizuno Corp.(a)

     842,000         4,395,180   

Shimano, Inc.

     119,200         17,771,908   

Tomy Co., Ltd.(a)

     2,451,700         14,596,738   

Yamaha Corp.

     1,230,107         21,581,364   
     

 

 

 
Total Leisure Products               59,726,650   
Machinery – 7.5%      

Aida Engineering Ltd.

     396,400         4,561,451   

Amada Co., Ltd.(a)

     2,676,093         25,818,133   

Anest Iwata Corp.

     401,200         2,579,322   

Asahi Diamond Industrial Co., Ltd.

     552,100         6,330,102   

CKD Corp.

     108,200         1,015,912   

Daifuku Co., Ltd.

     714,400         9,459,806   

DMG Mori Seiki Co., Ltd.

     491,600         7,567,176   

Ebara Corp.(a)

     2,229,158         9,424,083   

FANUC Corp.

     779,289         170,576,079   

Fujitec Co., Ltd.(a)

     379,200         3,712,160   

Glory Ltd.

     55,800         1,558,724   

Hino Motors Ltd.(a)

     5,104,310         72,994,719   

Hitachi Construction Machinery Co., Ltd.(a)

     929,200         16,286,666   

Hitachi Koki Co., Ltd.

     1,122,111         9,160,281   

Hitachi Zosen Corp.(a)

     622,681         3,219,197   

Hoshizaki Electric Co., Ltd.

     380,769         24,860,715   

Hosokawa Micron Corp.

     478,022         2,487,269   

IHI Corp.(a)

     8,020,882         37,654,839   

Japan Steel Works Ltd. (The)(a)

     1,616,313         6,806,238   

JTEKT Corp.

     1,338,878         20,944,216   

Kawasaki Heavy Industries Ltd.(a)

     10,177,510         51,513,434   

Kitz Corp.

     1,307,000       6,473,696   

Komatsu Ltd.(a)

     8,593,206         169,284,546   

Kubota Corp.(a)

     8,274,502         131,301,874   

Makino Milling Machine Co., Ltd.(a)

     583,000         4,968,322   

Makita Corp.(a)

     658,269         34,251,395   

Minebea Co., Ltd.

     1,149,701         18,195,810   

Mitsubishi Heavy Industries Ltd.

     14,998,198         82,829,323   

Mitsui Engineering & Shipbuilding Co., Ltd.

     4,483,315         7,663,786   

Nabtesco Corp.

     704,000         20,428,768   

Nachi-Fujikoshi Corp.

     308,000         1,689,923   

NGK Insulators Ltd.(a)

     1,054,939         22,563,423   

Nippon Thompson Co., Ltd.

     534,000         2,640,500   

Nitta Corp.

     168,500         4,594,497   

Noritake Co., Ltd.

     1,538,145         3,616,901   

NSK Ltd.(a)

     1,953,366         28,634,709   

Obara Group, Inc.(a)

     82,600         4,683,594   

Oiles Corp.(a)

     55,100         1,076,960   

OKUMA Corp.

     530,000         4,932,083   

OSG Corp.

     537,524         10,488,273   

Ryobi Ltd.

     1,552,000         4,568,322   

Shima Seiki Manufacturing Ltd.(a)

     495,800         8,475,214   

SMC Corp.

     125,720         37,577,097   

Sodick Co., Ltd.(a)

     409,700         4,492,437   

Star Micronics Co., Ltd.

     964,100         13,537,998   

Sumitomo Heavy Industries Ltd.

     4,399,186         28,869,371   

Tadano Ltd.

     593,000         7,990,727   

THK Co., Ltd.

     538,879         13,750,008   

Torishima Pump Manufacturing Co., Ltd.(a)

     377,856         2,785,280   

Toshiba Machine Co., Ltd.

     1,210,000         5,105,357   

Tsubakimoto Chain Co.

     723,000         6,034,797   

Union Tool Co.

     67,540         1,931,726   
     

 

 

 
Total Machinery               1,183,967,239   
Marine – 0.4%      

Iino Kaiun Kaisha Ltd.

     1,694,772         8,987,909   

Kawasaki Kisen Kaisha Ltd.(a)

     7,399,725         19,930,050   

Nippon Yusen K.K.

     11,163,035         32,206,880   

NS United Kaiun Kaisha Ltd.(a)

     1,531,000         3,727,763   
     

 

 

 
Total Marine               64,852,602   
Media – 0.2%      

Dentsu, Inc.

     664,600         28,540,254   
Metals & Mining – 2.8%      

Aichi Steel Corp.

     4,158,000         19,797,523   

Hitachi Metals Ltd.

     1,472,018         22,646,431   

JFE Holdings, Inc.

     3,961,362         87,666,915   

Kobe Steel Ltd.(a)

     33,102,000         61,276,998   

Kyoei Steel Ltd.

     120,200         2,033,653   

Mitsubishi Materials Corp.(a)

     8,213,000         27,667,726   

Mitsubishi Steel Manufacturing Co., Ltd.

     4,386,000         9,252,933   

Mitsui Mining & Smelting Co., Ltd.

     3,982,000         9,097,919   

Nippon Steel & Sumitomo Metal Corp.(a)

     51,714,992         130,446,405   

Sanyo Special Steel Co., Ltd.

     1,270,000         5,337,336   

Sumitomo Metal Mining Co., Ltd.(a)

     4,895,000         71,777,006   
     

 

 

 
Total Metals & Mining               447,000,845   

 

See Notes to Financial Statements.

 

92   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Multiline Retail – 0.1%      

Ryohin Keikaku Co., Ltd.

     117,000       $ 17,034,146   
Oil, Gas & Consumable Fuels – 0.4%      

TonenGeneral Sekiyu K.K.

     6,786,000         58,679,024   
Personal Products – 1.2%   

Kao Corp.

     3,041,980         152,194,121   

Mandom Corp.

     153,900         5,640,113   

Shiseido Co., Ltd.(a)

     1,923,522         34,211,986   
     

 

 

 
Total Personal Products               192,046,220   
Pharmaceuticals – 8.7%      

Astellas Pharma, Inc.

     16,537,404         271,314,091   

Daiichi Sankyo Co., Ltd.(a)

     8,443,121         134,259,177   

Eisai Co., Ltd.(a)

     3,695,277         262,990,946   

Hisamitsu Pharmaceutical Co., Inc.(a)

     969,400         39,851,090   

Kyowa Hakko Kirin Co., Ltd.(a)

     4,625,470         60,438,703   

Rohto Pharmaceutical Co., Ltd.

     104,000         1,481,192   

Shionogi & Co., Ltd.

     2,735,077         91,340,283   

Sumitomo Dainippon Pharma Co., Ltd.(a)

     1,169,900         13,891,496   

Takeda Pharmaceutical Co., Ltd.(a)

     10,157,663         508,116,075   
     

 

 

 
Total Pharmaceuticals               1,383,683,053   
Road & Rail – 0.3%      

Nippon Express Co., Ltd.

     9,983,000         55,939,762   
Semiconductors & Semiconductor Equipment – 0.5%   

Advantest Corp.(a)

     706,000         8,942,372   

Disco Corp.(a)

     129,400         13,250,215   

MegaChips Corp.

     1,066,000         12,373,333   

Mitsui High-Tec, Inc.

     145,100         1,092,560   

Nuflare Technology, Inc.(a)

     68,300         3,041,251   

Sanken Electric Co., Ltd.(a)

     712,000         4,939,621   

SCREEN Holdings Co., Ltd.

     475,300         3,606,612   

Shindengen Electric Manufacturing Co., Ltd.

     648,000         3,242,026   

Shinko Electric Industries Co., Ltd.

     1,151,110         8,216,387   

Tokyo Electron Ltd.

     324,553         22,684,205   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         81,388,582   
Software – 0.6%      

Capcom Co., Ltd.

     139,500         2,778,949   

Konami Corp.(a)

     752,100         14,110,694   

Nexon Co., Ltd.

     1,943,800         20,746,833   

Square Enix Holdings Co., Ltd.

     684,100         14,677,418   

Trend Micro, Inc.(a)

     1,515,208         50,033,135   
     

 

 

 
Total Software         102,347,029   
Specialty Retail – 1.1%      

ABC-Mart, Inc.(a)

     175,900         10,311,253   

Fast Retailing Co., Ltd.(a)

     345,500         133,950,573   

Sanrio Co., Ltd.(a)

     1,202,448         32,235,734   
     

 

 

 
Total Specialty Retail               176,497,560   
Technology Hardware, Storage & Peripherals – 5.9%      

Brother Industries Ltd.

     1,723,543         27,493,331   

Canon, Inc.

     17,530,497         620,967,699   

FUJIFILM Holdings Corp.

     3,260,395         116,264,992   

Konica Minolta, Inc.

     3,695,538         37,625,615   

Ricoh Co., Ltd.(a)

     7,477,078       81,551,120   

Riso Kagaku Corp.

     642,600         10,609,531   

Roland DG Corp.

     97,800         2,650,406   

Seiko Epson Corp.(a)

     1,707,108         30,334,352   

Toshiba TEC Corp.

     1,220,531         8,091,075   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         935,588,121   
Textiles, Apparel & Luxury Goods – 0.3%   

Asics Corp.

     1,055,792         28,788,325   

Descente Ltd.

     383,981         4,777,149   

Japan Vilene Co., Ltd.

     615,000         3,046,154   

Kurabo Industries Ltd.

     662,472         1,165,575   

Seiko Holdings Corp.(a)

     535,000         2,703,440   

Seiren Co., Ltd.(a)

     435,610         3,904,780   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               44,385,423   
Tobacco – 3.6%      

Japan Tobacco, Inc.

     17,946,931         568,749,729   
Trading Companies & Distributors – 8.2%   

Daiichi Jitsugyo Co., Ltd.

     507,000         2,553,496   

Hanwa Co., Ltd.

     263,000         1,070,202   

Inabata & Co., Ltd.

     198,686         1,984,789   

ITOCHU Corp.(a)

     20,089,794         218,026,824   

Kuroda Electric Co., Ltd.(a)

     193,887         3,107,366   

Marubeni Corp.(a)

     20,789,978         120,657,283   

MISUMI Group, Inc.

     50,900         2,058,495   

Mitsubishi Corp.(a)

     18,476,100         372,911,403   

Mitsui & Co., Ltd.(a)

     23,368,289         314,110,335   

Nagase & Co., Ltd.

     1,018,656         13,361,233   

Nippon Steel & Sumikin Bussan Corp.

     969,000         3,353,221   

Sojitz Corp.

     14,608,121         24,483,905   

Sumitomo Corp.(a)

     15,194,277         162,870,487   

Toyota Tsusho Corp.(a)

     2,265,510         60,168,016   
     

 

 

 
Total Trading Companies & Distributors         1,300,717,055   
Transportation Infrastructure – 0.1%      

Sumitomo Warehouse Co., Ltd. (The)

     1,968,000         10,912,821   

TOTAL COMMON STOCKS

(Cost: $14,545,514,672)

              15,635,850,725   
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED – 11.6%
      
United States – 11.6%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $1,832,292,482)(c)      1,832,292,482         1,832,292,482   

TOTAL INVESTMENTS IN SECURITIES – 110.5%

(Cost: $16,377,807,154)

  

  

     17,468,143,207   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (10.5)%

        (1,661,293,026
     

 

 

 
NET ASSETS – 100.0%             $ 15,806,850,181   
(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $1,752,022,320 and the total market value of the collateral held by the Fund was $1,843,568,072. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $11,275,590. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      93   


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Financials Fund (DXJF)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Japan – 99.2%      
Banks – 61.0%      

77 Bank Ltd. (The)

     10,009       $ 56,753   

Akita Bank Ltd. (The)

     1,800         5,508   

Aomori Bank Ltd. (The)(a)

     4,000         12,908   

Aozora Bank Ltd.(a)

     22,700         80,635   

Awa Bank Ltd. (The)

     5,000         28,393   

Bank of Kyoto Ltd. (The)

     9,557         100,332   

Bank of Nagoya Ltd. (The)(a)

     4,500         14,972   

Bank of the Ryukyus Ltd.

     700         10,069   

Bank of Yokohama Ltd. (The)

     24,850         145,878   

Chiba Bank Ltd. (The)

     17,131         125,992   

Chugoku Bank Ltd. (The)

     4,550         68,103   

Daishi Bank Ltd. (The)

     9,650         34,038   

Fukui Bank Ltd. (The)

     4,000         8,705   

Fukuoka Financial Group, Inc.

     17,093         88,227   

Gunma Bank Ltd. (The)

     12,250         82,943   

Hachijuni Bank Ltd. (The)

     10,709         75,724   

Higo Bank Ltd. (The)

     4,200         25,811   

Hiroshima Bank Ltd. (The)

     13,200         71,325   

Hokkoku Bank Ltd. (The)

     5,700         19,915   

Hokuhoku Financial Group, Inc.

     29,800         66,595   

Hyakugo Bank Ltd. (The)

     5,300         24,616   

Hyakujushi Bank Ltd. (The)

     5,000         16,552   

Iyo Bank Ltd. (The)

     6,450         76,749   

Joyo Bank Ltd. (The)(a)

     17,846         91,964   

Juroku Bank Ltd. (The)

     9,750         35,854   

Kagoshima Bank Ltd. (The)

     6,200         42,238   

Keiyo Bank Ltd. (The)

     5,750         33,371   

Kiyo Bank Ltd. (The)

     2,300         32,124   

Minato Bank Ltd. (The)(a)

     10,500         24,340   

Mitsubishi UFJ Financial Group, Inc.

     143,500         889,897   

Miyazaki Bank Ltd. (The)

     4,000         15,243   

Mizuho Financial Group, Inc.

     162,400         285,867   

Musashino Bank Ltd. (The)

     650         21,870   

Nanto Bank Ltd. (The)

     5,000         17,386   

Nishi-Nippon City Bank Ltd. (The)

     16,450         47,872   

North Pacific Bank Ltd.

     8,000         30,286   

Ogaki Kyoritsu Bank Ltd. (The)

     10,550         33,429   

Oita Bank Ltd. (The)(a)

     5,800         22,586   

Resona Holdings, Inc.

     39,750         197,747   

San-In Godo Bank Ltd. (The)

     6,150         50,821   

Senshu Ikeda Holdings, Inc.

     6,100         29,044   

Seven Bank Ltd.

     15,500         76,644   

Shiga Bank Ltd. (The)(a)

     5,450         27,267   

Shinsei Bank Ltd.(a)

     40,750         81,211   

Shizuoka Bank Ltd. (The)(a)

     13,740         137,486   

Sumitomo Mitsui Financial Group, Inc.(a)

     20,260         777,372   

Sumitomo Mitsui Trust Holdings, Inc.

     77,300         319,384   

Suruga Bank Ltd.

     5,200         108,184   

Toho Bank Ltd. (The)(a)

     5,200         21,420   

TOMONY Holdings, Inc.

     2,900         13,155   

Yamagata Bank Ltd. (The)(a)

     4,300         18,251   

Yamaguchi Financial Group, Inc.(a)

     5,511       63,554   

Yamanashi Chuo Bank Ltd. (The)

     5,700         25,001   
     

 

 

 
Total Banks               4,811,611   
Capital Markets – 9.2%      

Daiwa Securities Group, Inc.

     34,500         272,145   

Matsui Securities Co., Ltd.(a)

     2,500         22,764   

Monex Group, Inc.(a)

     4,200         11,242   

Nomura Holdings, Inc.

     47,610         280,360   

Okasan Securities Group, Inc.

     4,700         37,428   

SBI Holdings, Inc.

     4,650         56,455   

Tokai Tokyo Financial Holdings, Inc.

     5,350         41,399   
     

 

 

 
Total Capital Markets               721,793   
Consumer Finance – 3.6%      

Acom Co., Ltd.*(a)

     11,550         40,161   

AEON Financial Service Co., Ltd.(a)

     2,250         56,942   

Aiful Corp.*(a)

     7,800         27,707   

Credit Saison Co., Ltd.

     3,550         63,881   

Hitachi Capital Corp.

     1,550         32,816   

J Trust Co., Ltd.

     2,300         19,831   

Jaccs Co., Ltd.

     5,800         30,421   

Orient Corp.*

     9,400         15,284   
     

 

 

 
Total Consumer Finance               287,043   
Diversified Financial Services – 4.0%      

Century Tokyo Leasing Corp.

     1,250         38,097   

Fuyo General Lease Co., Ltd.

     517         20,822   

IBJ Leasing Co., Ltd.

     1,232         25,529   

Japan Exchange Group, Inc.(a)

     5,250         152,564   

Japan Securities Finance Co., Ltd.(a)

     2,300         14,557   

Mitsubishi UFJ Lease & Finance Co., Ltd.

     12,700         63,010   
     

 

 

 
Total Diversified Financial Services               314,579   
Insurance – 21.4%      

Dai-ichi Life Insurance Co., Ltd. (The)

     22,050         320,936   

MS&AD Insurance Group Holdings, Inc.(a)

     10,550         296,465   

Sompo Japan Nipponkoa Holdings, Inc.

     8,400         261,614   

Sony Financial Holdings, Inc.

     4,000         64,440   

T&D Holdings, Inc.

     13,150         181,419   

Tokio Marine Holdings, Inc.

     14,950         565,775   
     

 

 

 
Total Insurance               1,690,649   

TOTAL COMMON STOCKS

(Cost: $7,699,703)

              7,825,675   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 18.0%      
United States – 18.0%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $1,418,569)(c)      1,418,569         1,418,569   

TOTAL INVESTMENTS IN SECURITIES – 117.2%

(Cost: $9,118,272)

  

  

     9,244,244   

Liabilities in Excess of Cash and Other Assets – (17.2)%

        (1,357,704
     

 

 

 
NET ASSETS – 100.0%       $ 7,886,540   

 

See Notes to Financial Statements.

 

94   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Financials Fund (DXJF)

March 31, 2015

 

  

 

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $1,351,270 and the total market value of the collateral held by the Fund was $1,422,069. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,500. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      95   


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Health Care Fund (DXJH)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Japan – 99.2%      
Biotechnology – 0.3%      

3-D Matrix Ltd.*(a)

     220       $ 1,870   

Takara Bio, Inc.(a)

     600         6,869   
     

 

 

 
Total Biotechnology               8,739   
Food & Staples Retailing – 5.6%      

Ain Pharmaciez, Inc.

     375         14,869   

Cocokara fine, Inc.

     350         9,850   

Cosmos Pharmaceutical Corp.

     160         25,042   

Matsumotokiyoshi Holdings Co., Ltd.(a)

     670         23,912   

Sugi Holdings Co., Ltd.

     550         27,242   

Sundrug Co., Ltd.

     460         23,935   

Tsuruha Holdings, Inc.

     485         37,207   

Welcia Holdings Co., Ltd.

     290         10,845   
     

 

 

 
Total Food & Staples Retailing               172,902   
Health Care Equipment & Supplies – 17.0%      

Asahi Intecc Co., Ltd.

     390         27,317   

Hogy Medical Co., Ltd.

     180         8,856   

Nakanishi, Inc.

     360         14,064   

Nihon Kohden Corp.

     1,220         33,317   

Nikkiso Co., Ltd.

     1,150         10,308   

Nipro Corp.

     1,450         13,844   

Olympus Corp.*

     4,140         154,139   

Paramount Bed Holdings Co., Ltd.

     350         9,266   

Sysmex Corp.

     2,260         125,697   

Terumo Corp.

     4,980         131,637   
     

 

 

 
Total Health Care Equipment & Supplies               528,445   
Health Care Providers & Services – 5.9%      

Alfresa Holdings Corp.

     2,940         41,554   

Medipal Holdings Corp.

     2,750         35,887   

Miraca Holdings, Inc.(a)

     820         37,812   

Ship Healthcare Holdings, Inc.

     580         13,256   

Suzuken Co., Ltd.

     1,309         40,004   

Toho Holdings Co., Ltd.(a)

     800         13,542   
     

 

 

 
Total Health Care Providers & Services               182,055   
Health Care Technology – 1.5%      

M3, Inc.

     2,200         46,797   
Pharmaceuticals – 68.9%      

Astellas Pharma, Inc.

     18,260         299,575   

Chugai Pharmaceutical Co., Ltd.(a)

     2,950         93,106   

Daiichi Sankyo Co., Ltd.(a)

     9,102         144,736   

Eisai Co., Ltd.(a)

     3,660         260,480   

Hisamitsu Pharmaceutical Co., Inc.

     1,160         47,686   

Kaken Pharmaceutical Co., Ltd.

     1,630         47,300   

KYORIN Holdings, Inc.

     800         19,172   

Kyowa Hakko Kirin Co., Ltd.

     3,870         50,567   

Mitsubishi Tanabe Pharma Corp.

     3,350         57,600   

Mochida Pharmaceutical Co., Ltd.

     170         11,185   

Nichi-iko Pharmaceutical Co., Ltd.

     640         14,772   

Nippon Shinyaku Co., Ltd.

     878         32,030   

Ono Pharmaceutical Co., Ltd.

     1,410         159,665   

Otsuka Holdings Co., Ltd.(a)

     7,295       228,689   

Rohto Pharmaceutical Co., Ltd.

     1,621         23,087   

Santen Pharmaceutical Co., Ltd.

     5,750         83,907   

Sawai Pharmaceutical Co., Ltd.

     480         28,458   

Seikagaku Corp.(a)

     750         14,296   

Shionogi & Co., Ltd.

     4,400         146,942   

Sosei Group Corp.*(a)

     180         4,540   

Sumitomo Dainippon Pharma Co., Ltd.(a)

     2,400         28,498   

Takeda Pharmaceutical Co., Ltd.(a)

     6,097         304,990   

Tsumura & Co.(a)

     995         24,650   

ZERIA Pharmaceutical Co., Ltd.

     750         12,577   
     

 

 

 
Total Pharmaceuticals               2,138,508   
TOTAL COMMON STOCKS
(Cost: $2,795,162)
              3,077,446   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 26.2%      
United States – 26.2%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $811,790)(c)      811,790         811,790   
TOTAL INVESTMENTS IN SECURITIES – 125.4%
(Cost: $3,606,952)
        3,889,236   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (25.4)%

        (788,521
     

 

 

 
NET ASSETS – 100.0%             $ 3,100,715   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $772,592 and the total market value of the collateral held by the Fund was $811,790. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

96   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Real Estate Fund (DXJR)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Japan – 99.2%      
Building Products – 4.9%      

LIXIL Group Corp.(a)

     32,975       $ 782,821   

Nichias Corp.(a)

     12,098         69,910   

Okabe Co., Ltd.

     5,325         49,243   

Sankyo Tateyama, Inc.

     3,418         66,151   

Takara Standard Co., Ltd.

     11,325         95,945   

TOTO Ltd.(a)

     34,448         512,734   
     

 

 

 
Total Building Products               1,576,804   
Construction & Engineering – 12.6%      

Hazama Ando Corp.

     20,606         118,043   

Kajima Corp.

     116,257         540,933   

Kumagai Gumi Co., Ltd.*

     34,919         109,190   

Maeda Corp.(a)

     19,517         141,912   

Maeda Road Construction Co., Ltd.

     8,693         141,277   

Nippo Corp.

     7,039         116,568   

Nishimatsu Construction Co., Ltd.(a)

     34,483         122,491   

Obayashi Corp.

     87,200         567,155   

Okumura Corp.

     23,710         111,111   

Penta-Ocean Construction Co., Ltd.(a)

     33,591         122,964   

Shimizu Corp.

     86,388         585,645   

SHO-BOND Holdings Co., Ltd.

     2,855         125,699   

Sumitomo Mitsui Construction Co., Ltd.(a)

     88,546         122,565   

Taisei Corp.(a)

     141,255         799,768   

Tekken Corp.(a)

     15,676         54,116   

Toda Corp.

     28,542         120,665   

Totetsu Kogyo Co., Ltd.

     3,828         85,641   

Yokogawa Bridge Holdings Corp.

     4,607         49,595   
     

 

 

 
Total Construction & Engineering               4,035,338   
Construction Materials – 1.9%      

Sumitomo Osaka Cement Co., Ltd.(a)

     48,842         150,283   

Taiheiyo Cement Corp.

     144,101         440,984   
     

 

 

 
Total Construction Materials               591,267   
Household Durables – 8.1%      

Haseko Corp.

     34,566         337,806   

Iida Group Holdings Co., Ltd.(a)

     17,697         221,056   

PanaHome Corp.(a)

     9,845         68,301   

Sekisui Chemical Co., Ltd.

     54,935         714,144   

Sekisui House Ltd.

     72,343         1,052,947   

Sumitomo Forestry Co., Ltd.

     18,968         207,671   
     

 

 

 
Total Household Durables               2,601,925   
Real Estate Investment Trusts (REITs) – 27.4%      

Activia Properties, Inc.

     30         262,414   

Advance Residence Investment Corp.

     150         360,350   

AEON REIT Investment Corp.(a)

     127         182,359   

Comforia Residential REIT, Inc.(a)

     48         104,745   

Daiwa House REIT Investment Corp.(a)

     35         153,513   

Daiwa House Residential Investment Corp.(a)

     90         196,923   

Daiwa Office Investment Corp.(a)

     31         167,505   

Frontier Real Estate Investment Corp.

     57         271,395   

Fukuoka REIT Co.

     64         119,541   

Global One Real Estate Investment Corp.(a)

     20         69,043   

GLP J-REIT

     237       245,646   

Hankyu REIT, Inc.

     58         73,271   

Hulic Reit, Inc.(a)

     84         129,231   

Industrial & Infrastructure Fund Investment Corp.

     37         172,466   

Japan Excellent, Inc.

     139         181,624   

Japan Hotel REIT Investment Corp.

     320         227,876   

Japan Logistics Fund, Inc.(a)

     92         191,250   

Japan Prime Realty Investment Corp.

     85         293,079   

Japan Real Estate Investment Corp.(a)

     149         701,980   

Japan Rental Housing Investments, Inc.

     83         60,628   

Japan Retail Fund Investment Corp.

     269         535,196   

Kenedix Office Investment Corp.(a)

     43         235,931   

Kenedix Residential Investment Corp.(a)

     37         114,926   

Mori Hills REIT Investment Corp.(a)

     161         227,286   

Mori Trust Sogo REIT, Inc.

     108         223,880   

Nippon Accommodations Fund, Inc.

     48         182,514   

Nippon Building Fund, Inc.

     168         826,517   

Nippon Prologis REIT, Inc.(a)

     196         432,123   

Nomura Real Estate Master Fund, Inc.

     179         222,696   

Nomura Real Estate Office Fund, Inc.

     41         199,316   

Nomura Real Estate Residential Fund, Inc.

     17         94,551   

Orix JREIT, Inc.

     249         357,123   

Premier Investment Corp.

     26         149,810   

Sekisui House SI Residential Investment Corp.(a)

     104         112,477   

Tokyu REIT, Inc.

     105         136,323   

Top REIT, Inc.

     18         74,972   

United Urban Investment Corp.

     304         474,283   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               8,764,763   
Real Estate Management & Development – 40.9%      

Aeon Mall Co., Ltd.

     13,248         262,916   

Daibiru Corp.

     5,710         59,040   

Daikyo, Inc.

     33,377         50,375   

Daito Trust Construction Co., Ltd.(a)

     9,360         1,047,805   

Daiwa House Industry Co., Ltd.(a)

     79,145         1,564,751   

Heiwa Real Estate Co., Ltd.

     3,402         47,885   

Hulic Co., Ltd.

     44,024         495,947   

Kenedix, Inc.(a)

     28,188         115,173   

Leopalace21 Corp.*

     27,567         144,588   

Mitsubishi Estate Co., Ltd.

     138,928         3,228,621   

Mitsui Fudosan Co., Ltd.

     98,730         2,905,712   

Nomura Real Estate Holdings, Inc.

     14,279         257,897   

NTT Urban Development Corp.

     12,473         125,016   

Sumitomo Realty & Development Co., Ltd.

     55,508         2,001,621   

Tokyo Tatemono Co., Ltd.

     48,089         352,873   

Tokyu Fudosan Holdings Corp.

     60,094         410,899   
     

 

 

 
Total Real Estate Management & Development               13,071,119   
Transportation Infrastructure – 3.4%      

Japan Airport Terminal Co., Ltd.(a)

     7,338         445,451   

Kamigumi Co., Ltd.

     28,673         271,368   

Mitsubishi Logistics Corp.

     18,295         286,038   

Sumitomo Warehouse Co., Ltd. (The)

     16,803         93,175   
     

 

 

 
Total Transportation Infrastructure               1,096,032   
TOTAL COMMON STOCKS
(Cost: $31,721,374)
              31,737,248   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      97   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Real Estate Fund (DXJR)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 25.3%      
United States – 25.3%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $8,079,140)(c)      8,079,140       $ 8,079,140   
TOTAL INVESTMENTS IN SECURITIES – 124.5%
(Cost: $39,800,514)
        39,816,388   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (24.5)%

        (7,836,971
     

 

 

 
NET ASSETS – 100.0%             $ 31,979,417   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $7,683,277 and the total market value of the collateral held by the Fund was $8,079,140. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

98   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
Japan – 99.0%      
Air Freight & Logistics – 0.3%      

Kintetsu World Express, Inc.

     3,300       $ 148,593   

Mitsui-Soko Holdings Co., Ltd.

     31,000         104,432   

Shibusawa Warehouse Co., Ltd. (The)

     23,000         65,783   

Yusen Logistics Co., Ltd.

     5,800         71,916   
     

 

 

 
Total Air Freight & Logistics               390,724   
Auto Components – 5.6%      

Aisan Industry Co., Ltd.

     16,200         139,812   

Akebono Brake Industry Co., Ltd.(a)

     31,600         115,939   

Calsonic Kansei Corp.

     35,000         232,604   

Daido Metal Co., Ltd.

     9,200         95,970   

Eagle Industry Co., Ltd.

     7,400         150,129   

Exedy Corp.

     11,600         276,930   

FCC Co., Ltd.(a)

     12,800         200,339   

G-Tekt Corp.

     7,298         66,027   

H-One Co., Ltd.

     5,852         34,744   

Keihin Corp.

     15,600         239,480   

Kinugawa Rubber Industrial Co., Ltd.(a)

     22,000         95,760   

KYB Co., Ltd.

     46,000         168,772   

Musashi Seimitsu Industry Co., Ltd.(a)

     6,600         139,897   

NHK Spring Co., Ltd.

     54,700         571,516   

Nifco, Inc.

     12,700         438,953   

Nissin Kogyo Co., Ltd.

     14,600         232,285   

Pacific Industrial Co., Ltd.(a)

     13,900         113,935   

Piolax, Inc.

     1,200         48,931   

Press Kogyo Co., Ltd.(a)

     34,000         138,070   

Riken Corp.

     29,000         114,863   

Sanden Corp.

     31,000         138,812   

Sanoh Industrial Co., Ltd.

     13,500         97,486   

Showa Corp.

     19,800         200,435   

Sumitomo Riko Co., Ltd.

     20,200         177,366   

T. RAD Co., Ltd.

     28,000         59,771   

Tachi-S Co., Ltd.(a)

     3,200         44,935   

Taiho Kogyo Co., Ltd.

     9,500         112,012   

Takata Corp.(a)

     11,100         121,806   

Tokai Rika Co., Ltd.

     23,825         554,079   

Topre Corp.

     7,200         112,810   

Toyo Tire & Rubber Co., Ltd.

     18,000         325,253   

Toyota Boshoku Corp.(a)

     33,700         422,637   

TPR Co., Ltd.

     4,106         110,418   

TS Tech Co., Ltd.

     14,300         386,938   

Unipres Corp.

     7,000         143,006   
     

 

 

 
Total Auto Components               6,622,720   
Banks – 8.1%      

77 Bank Ltd. (The)

     61,000         345,883   

Akita Bank Ltd. (The)

     36,000         110,169   

Aomori Bank Ltd. (The)(a)

     68,000         219,437   

Ashikaga Holdings Co., Ltd.

     30,200         127,171   

Awa Bank Ltd. (The)

     41,000         232,820   

Bank of Iwate Ltd. (The)(a)

     2,700         117,073   

Bank of Nagoya Ltd. (The)(a)

     42,000         139,737   

Bank of Saga Ltd. (The)

     43,000       108,643   

Bank of the Ryukyus Ltd.

     10,500         151,032   

Daisan Bank Ltd. (The)

     72,000         113,471   

Daishi Bank Ltd. (The)

     92,000         324,503   

Ehime Bank Ltd. (The)(a)

     56,000         112,070   

Eighteenth Bank Ltd. (The)

     61,000         185,658   

FIDEA Holdings Co., Ltd.(a)

     45,100         81,983   

Fukui Bank Ltd. (The)

     61,000         132,758   

Higashi-Nippon Bank Ltd. (The)

     57,000         179,662   

Higo Bank Ltd. (The)(a)

     45,000         276,548   

Hokkoku Bank Ltd. (The)

     56,000         195,656   

Hokuetsu Bank Ltd. (The)(a)

     68,000         132,683   

Hyakugo Bank Ltd. (The)

     56,000         260,096   

Hyakujushi Bank Ltd. (The)

     68,000         225,107   

Jimoto Holdings, Inc.

     36,600         68,668   

Juroku Bank Ltd. (The)

     86,000         316,248   

Kagoshima Bank Ltd. (The)

     30,000         204,378   

Kansai Urban Banking Corp.

     26,600         276,369   

Keiyo Bank Ltd. (The)

     67,000         388,843   

Kiyo Bank Ltd. (The)

     19,098         266,743   

Michinoku Bank Ltd. (The)

     58,000         98,662   

Mie Bank Ltd. (The)

     49,000         112,362   

Minato Bank Ltd. (The)(a)

     90,587         209,991   

Miyazaki Bank Ltd. (The)

     43,000         163,861   

Musashino Bank Ltd. (The)

     7,100         238,887   

Nanto Bank Ltd. (The)

     57,000         198,199   

Nishi-Nippon City Bank Ltd. (The)

     207,000         602,401   

North Pacific Bank Ltd.

     62,000         234,713   

Ogaki Kyoritsu Bank Ltd. (The)

     99,000         313,696   

Oita Bank Ltd. (The)(a)

     33,000         128,505   

San-In Godo Bank Ltd. (The)

     28,000         231,378   

Senshu Ikeda Holdings, Inc.

     72,400         344,719   

Shiga Bank Ltd. (The)(a)

     33,000         165,103   

Shikoku Bank Ltd. (The)

     63,000         129,756   

Tochigi Bank Ltd. (The)

     25,000         128,830   

Toho Bank Ltd. (The)(a)

     57,000         234,797   

Tokyo TY Financial Group, Inc.(a)

     6,200         166,471   

TOMONY Holdings, Inc.

     29,300         132,910   

Tottori Bank Ltd. (The)

     24,000         51,032   

Towa Bank Ltd. (The)

     72,000         59,437   

Yamagata Bank Ltd. (The)(a)

     26,000         110,352   

Yamanashi Chuo Bank Ltd. (The)

     29,000         127,196   
     

 

 

 
Total Banks               9,476,667   
Beverages – 1.1%      

Coca-Cola West Co., Ltd.

     26,117         432,507   

Ito En Ltd.(a)

     16,400         354,325   

Sapporo Holdings Ltd.(a)

     70,000         277,840   

Takara Holdings, Inc.(a)

     35,500         257,536   
     

 

 

 
Total Beverages               1,322,208   
Building Products – 2.0%      

Aica Kogyo Co., Ltd.

     13,400         312,862   

Bunka Shutter Co., Ltd.

     11,000         91,174   

Central Glass Co., Ltd.

     58,000         274,221   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      99   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Eidai Co., Ltd.

     13,000       $ 48,347   

Nichias Corp.(a)

     20,000         115,572   

Nichiha Corp.

     11,400         133,463   

Nitto Boseki Co., Ltd.

     26,000         101,247   

Noritz Corp.

     5,100         83,862   

Okabe Co., Ltd.

     13,000         120,217   

Sanwa Holdings Corp.

     55,100         409,833   

Sekisui Jushi Corp.

     9,300         124,233   

Takara Standard Co., Ltd.(a)

     30,000         254,159   

Takasago Thermal Engineering Co., Ltd.

     23,100         288,931   
     

 

 

 
Total Building Products               2,358,121   
Capital Markets – 1.7%      

Ichigo Group Holdings Co., Ltd.(a)

     19,500         51,057   

Ichiyoshi Securities Co., Ltd.(a)

     24,100         261,648   

IwaiCosmo Holdings, Inc.

     14,500         204,940   

kabu.com Securities Co., Ltd.(a)

     72,400         476,328   

Kyokuto Securities Co., Ltd.(a)

     27,100         400,201   

Monex Group, Inc.(a)

     140,165         375,176   

Sparx Group Co., Ltd.(a)

     25,900         47,081   

Takagi Securities Co., Ltd.

     24,281         54,464   

Toyo Securities Co., Ltd.

     38,000         117,874   
     

 

 

 
Total Capital Markets               1,988,769   
Chemicals – 7.9%      

Achilles Corp.

     59,000         73,796   

ADEKA Corp.

     21,700         281,191   

Asahi Organic Chemicals Industry Co., Ltd.

     39,000         84,228   

Chugoku Marine Paints Ltd.

     10,000         90,640   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     28,000         144,290   

Daiso Co., Ltd.

     32,885         115,169   

Denki Kagaku Kogyo K.K.

     138,000         545,441   

Fujimi, Inc.

     6,700         115,703   

Fujimori Kogyo Co., Ltd.

     3,500         103,898   

Gun-Ei Chemical Industry Co., Ltd.

     22,000         61,455   

JSP Corp.

     7,817         145,683   

Kaneka Corp.

     92,240         650,699   

Koatsu Gas Kogyo Co., Ltd.

     10,000         51,115   

Konishi Co., Ltd.

     3,900         66,049   

Kumiai Chemical Industry Co., Ltd.

     7,200         59,497   

Kureha Corp.(a)

     42,000         180,713   

Lintec Corp.

     17,500         417,636   

Nihon Nohyaku Co., Ltd.

     10,000         100,313   

Nihon Parkerizing Co., Ltd.

     15,200         184,415   

Nippon Kayaku Co., Ltd.

     38,000         477,515   

Nippon Soda Co., Ltd.

     20,000         116,406   

Nippon Synthetic Chemical Industry Co., Ltd. (The)(a)

     27,000         179,437   

Nippon Valqua Industries Ltd.

     23,000         59,837   

NOF Corp.

     34,000         252,891   

Okamoto Industries, Inc.

     21,000         80,375   

Riken Technos Corp.

     14,700         53,566   

Sakai Chemical Industry Co., Ltd.

     28,000         91,290   

Sakata INX Corp.

     14,200         133,564   

Sanyo Chemical Industries Ltd.

     29,000       228,518   

Sekisui Plastics Co., Ltd.

     31,000         113,738   

Showa Denko K.K.

     363,759         464,083   

Sumitomo Bakelite Co., Ltd.(a)

     66,000         294,434   

Sumitomo Seika Chemicals Co., Ltd.

     11,000         78,516   

Taiyo Holdings Co., Ltd.

     12,500         440,379   

Takasago International Corp.

     24,000         109,068   

Takiron Co., Ltd.

     25,000         109,235   

Teijin Ltd.

     181,000         615,785   

Toagosei Co., Ltd.(a)

     68,000         311,295   

Tokai Carbon Co., Ltd.(a)

     56,000         157,832   

Toyo Ink SC Holdings Co., Ltd.

     93,000         436,598   

Toyobo Co., Ltd.(a)

     195,000         263,415   

Ube Industries Ltd.

     319,800         501,333   

Zeon Corp.(a)

     34,000         314,697   
     

 

 

 
Total Chemicals               9,355,738   
Commercial Services & Supplies – 2.0%      

Aeon Delight Co., Ltd.

     13,100         313,832   

Daiseki Co., Ltd.

     6,500         117,561   

Itoki Corp.

     14,900         95,047   

Kokuyo Co., Ltd.

     24,700         231,295   

Kyodo Printing Co., Ltd.

     32,000         98,462   

Kyoritsu Printing Co., Ltd.

     21,300         52,040   

Matsuda Sangyo Co., Ltd.

     9,000         115,272   

Mitsubishi Pencil Co., Ltd.

     2,900         107,730   

Moshi Moshi Hotline, Inc.

     23,700         259,084   

NAC Co., Ltd.

     4,500         38,649   

Nippon Parking Development Co., Ltd.

     88,600         127,812   

Okamura Corp.

     23,600         190,099   

Pilot Corp.

     1,200         67,742   

Sato Holdings Corp.

     6,600         149,969   

Toppan Forms Co., Ltd.

     33,700         382,734   

Uchida Yoko Co., Ltd.

     13,000         39,892   
     

 

 

 
Total Commercial Services & Supplies               2,387,220   
Communications Equipment – 0.3%      

Hitachi Kokusai Electric, Inc.

     26,000         349,485   
Construction & Engineering – 3.3%      

Dai-Dan Co., Ltd.

     5,000         34,146   

Fudo Tetra Corp.

     26,100         51,797   

Hazama Ando Corp.

     20,500         117,436   

Kandenko Co., Ltd.

     44,000         255,726   

Kitano Construction Corp.

     36,000         101,764   

Kyowa Exeo Corp.(a)

     18,300         196,695   

Kyudenko Corp.

     8,000         87,521   

Maeda Corp.(a)

     22,000         159,967   

Maeda Road Construction Co., Ltd.

     13,000         211,274   

Mirait Holdings Corp.

     19,944         223,512   

Nichireki Co., Ltd.

     6,000         52,533   

Nippo Corp.

     11,000         182,164   

Nippon Densetsu Kogyo Co., Ltd.

     6,800         101,497   

Nippon Road Co., Ltd. (The)

     34,000         170,957   

Nippon Steel & Sumikin Texeng Co., Ltd.

     11,000         52,099   

Nishimatsu Construction Co., Ltd.(a)

     44,000         156,298   

 

See Notes to Financial Statements.

 

100   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Obayashi Road Corp.

     11,000       $ 60,813   

Okumura Corp.

     57,000         267,117   

Raito Kogyo Co., Ltd.

     7,900         64,755   

SHO-BOND Holdings Co., Ltd.

     3,100         136,485   

Sumitomo Densetsu Co., Ltd.

     6,800         77,455   

Taikisha Ltd.

     7,900         196,965   

Toda Corp.

     51,000         215,610   

Toenec Corp.

     10,000         48,197   

Tokyu Construction Co., Ltd.

     16,100         91,290   

Toshiba Plant Systems & Services Corp.

     12,600         174,094   

Totetsu Kogyo Co., Ltd.

     6,200         138,708   

Toyo Construction Co., Ltd.(a)

     14,700         57,611   

Toyo Engineering Corp.(a)

     13,000         34,038   

Yahagi Construction Co., Ltd.

     7,200         47,610   

Yurtec Corp.

     20,000         133,750   
     

 

 

 
Total Construction & Engineering               3,899,884   
Construction Materials – 0.2%      

Sumitomo Osaka Cement Co., Ltd.(a)

     63,000         193,846   
Containers & Packaging – 0.7%      

FP Corp.(a)

     9,100         330,840   

Fuji Seal International, Inc.

     3,000         83,552   

Nihon Yamamura Glass Co., Ltd.

     27,000         38,724   

Rengo Co., Ltd.(a)

     73,381         311,452   

Tomoku Co., Ltd.

     39,000         92,033   
     

 

 

 
Total Containers & Packaging               856,601   
Distributors – 0.4%      

Doshisha Co., Ltd.

     7,300         113,586   

Happinet Corp.(a)

     3,800         45,312   

Paltac Corp.

     20,803         292,985   
     

 

 

 
Total Distributors               451,883   
Diversified Consumer Services – 0.1%      

Meiko Network Japan Co., Ltd.

     7,000         75,239   

Studio Alice Co., Ltd.

     4,600         85,920   
     

 

 

 
Total Diversified Consumer Services               161,159   
Diversified Financial Services – 0.2%      

Ricoh Leasing Co., Ltd.

     5,800         172,416   
Electric Utilities – 0.1%      

Okinawa Electric Power Co., Inc. (The)

     3,500         126,808   
Electrical Equipment – 1.7%      

Daihen Corp.

     25,000         123,202   

Denyo Co., Ltd.

     3,900         58,341   

Endo Lighting Corp.(a)

     7,309         83,436   

Fujikura Ltd.

     46,000         202,143   

Furukawa Electric Co., Ltd.(a)

     106,000         179,429   

GS Yuasa Corp.(a)

     58,000         261,647   

Idec Corp.

     9,100         79,523   

Nippon Carbon Co., Ltd.(a)

     46,000         143,840   

Nissin Electric Co., Ltd.

     27,000         162,326   

Nitto Kogyo Corp.

     10,500         195,772   

Odelic Co., Ltd.

     2,900         76,898   

Sanyo Denki Co., Ltd.

     13,000         92,900   

Tatsuta Electric Wire and Cable Co., Ltd.(a)

     13,700       58,147   

Ushio, Inc.(a)

     26,600         331,821   
     

 

 

 
Total Electrical Equipment               2,049,425   
Electronic Equipment, Instruments & Components – 4.1%   

Ai Holdings Corp.

     9,700         177,459   

Amano Corp.

     26,800         321,131   

Anritsu Corp.(a)

     24,900         174,201   

Azbil Corp.

     21,700         589,885   

Canon Electronics, Inc.

     14,200         288,322   

CONEXIO Corp.

     11,400         102,949   

Daiwabo Holdings Co., Ltd.

     65,000         104,607   

Enplas Corp.

     2,329         93,704   

Hakuto Co., Ltd.

     11,000         131,624   

Horiba Ltd.

     9,200         352,504   

Japan Aviation Electronics Industry Ltd.

     7,000         170,206   

Kaga Electronics Co., Ltd.

     6,800         83,069   

Koa Corp.

     9,000         87,730   

Kyosan Electric Manufacturing Co., Ltd.

     13,000         41,192   

Macnica, Inc.

     3,600         114,972   

Nichicon Corp.

     19,500         182,602   

Nippon Signal Co., Ltd. (The)

     14,400         140,968   

Nohmi Bosai Ltd.

     10,766         133,133   

Oki Electric Industry Co., Ltd.(a)

     105,000         218,011   

Optex Co., Ltd.

     6,500         133,171   

Ryoden Trading Co., Ltd.

     22,000         154,280   

Ryosan Co., Ltd.

     9,500         233,846   

Sanshin Electronics Co., Ltd.

     9,100         75,501   

Siix Corp.(a)

     6,800         169,936   

SMK Corp.(a)

     22,000         95,576   

Taiyo Yuden Co., Ltd.(a)

     10,800         157,779   

Topcon Corp.(a)

     7,300         179,449   

UKC Holdings Corp.

     4,400         76,425   
     

 

 

 
Total Electronic Equipment, Instruments & Components         4,784,232   
Energy Equipment & Services – 0.3%      

Modec, Inc.(a)

     9,300         146,489   

Shinko Plantech Co., Ltd.

     20,600         152,192   
     

 

 

 
Total Energy Equipment & Services               298,681   
Food & Staples Retailing – 3.1%      

Ain Pharmaciez, Inc.

     3,900         154,634   

Arcs Co., Ltd.(a)

     13,200         317,108   

Belc Co., Ltd.

     5,000         145,299   

Cawachi Ltd.

     6,500         113,387   

Cocokara fine, Inc.

     5,700         160,413   

Cosmos Pharmaceutical Corp.

     700         109,560   

Heiwado Co., Ltd.

     11,500         263,898   

Kato Sangyo Co., Ltd.

     10,100         209,959   

Matsumotokiyoshi Holdings Co., Ltd.(a)

     9,200         328,339   

Ministop Co., Ltd.(a)

     9,200         129,801   

Mitsubishi Shokuhin Co., Ltd.

     10,400         218,190   

Okuwa Co., Ltd.(a)

     6,000         46,379   

Qol Co., Ltd.

     9,300         78,479   

San-A Co., Ltd.

     3,600         136,886   

United Super Markets Holdings, Inc.*(a)

     26,700         237,333   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      101   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

UNY Group Holdings Co., Ltd.(a)

     91,736       $ 514,808   

Valor Co., Ltd.

     11,100         240,558   

Welcia Holdings Co., Ltd.

     4,400         164,553   

Yokohama Reito Co., Ltd.(a)

     12,700         88,426   
     

 

 

 
Total Food & Staples Retailing               3,658,010   
Food Products – 4.3%      

Ariake Japan Co., Ltd.

     7,000         240,775   

Ezaki Glico Co., Ltd.

     7,300         295,835   

Fuji Oil Co., Ltd.

     17,951         286,498   

Fujicco Co., Ltd.

     4,000         64,807   

Hokuto Corp.(a)

     9,800         182,803   

Itoham Foods, Inc.(a)

     46,000         254,309   

J-Oil Mills, Inc.

     58,000         202,160   

Kagome Co., Ltd.(a)

     12,100         188,273   

Kameda Seika Co., Ltd.

     1,300         52,954   

Kewpie Corp.

     23,100         563,222   

Marudai Food Co., Ltd.

     38,000         129,281   

Maruha Nichiro Corp.(a)

     10,900         153,968   

Megmilk Snow Brand Co., Ltd.(a)

     18,000         216,886   

Mitsui Sugar Co., Ltd.

     39,000         137,236   

Morinaga & Co., Ltd.

     81,000         285,028   

Morinaga Milk Industry Co., Ltd.

     57,000         216,735   

Nagatanien Co., Ltd.

     3,000         28,343   

Nakamuraya Co., Ltd.

     12,000         50,231   

Nichirei Corp.

     61,000         342,831   

Nippon Beet Sugar Manufacturing Co., Ltd.

     66,000         108,968   

Nippon Flour Mills Co., Ltd.

     41,000         203,077   

Nisshin Oillio Group Ltd. (The)(a)

     66,000         245,453   

Rock Field Co., Ltd.

     3,500         75,385   

S Foods, Inc.

     5,800         106,883   

Sakata Seed Corp.

     9,600         156,498   

Showa Sangyo Co., Ltd.

     35,000         134,834   

Starzen Co., Ltd.

     35,000         111,194   

Warabeya Nichiyo Co., Ltd.

     2,800         52,159   
     

 

 

 
Total Food Products               5,086,626   
Gas Utilities – 0.2%      

Saibu Gas Co., Ltd.

     78,000         175,610   

Shizuoka Gas Co., Ltd.

     13,000         86,287   
     

 

 

 
Total Gas Utilities               261,897   
Health Care Equipment & Supplies – 1.7%      

Asahi Intecc Co., Ltd.

     2,500         175,110   

Eiken Chemical Co., Ltd.

     3,800         62,422   

Hogy Medical Co., Ltd.(a)

     3,500         172,191   

Nagaileben Co., Ltd.

     9,800         179,207   

Nakanishi, Inc.

     3,600         140,638   

Nihon Kohden Corp.

     14,200         387,784   

Nikkiso Co., Ltd.(a)

     16,100         144,319   

Nipro Corp.

     60,723         579,761   

Paramount Bed Holdings Co., Ltd.

     4,603         121,864   
     

 

 

 
Total Health Care Equipment & Supplies               1,963,296   
Health Care Providers & Services – 0.7%      

As One Corp.

     3,700         112,149   

BML, Inc.

     3,700       105,207   

Message Co., Ltd.(a)

     2,600         78,591   

Nichii Gakkan Co.(a)

     17,700         156,153   

Ship Healthcare Holdings, Inc.

     6,859         156,769   

Toho Holdings Co., Ltd.(a)

     9,800         165,887   

Vital KSK Holdings, Inc.(a)

     12,700         96,898   
     

 

 

 
Total Health Care Providers & Services               871,654   
Hotels, Restaurants & Leisure – 2.9%      

Accordia Golf Co., Ltd.

     49,100         472,064   

Aeon Fantasy Co., Ltd.(a)

     6,200         95,178   

Doutor Nichires Holdings Co., Ltd.(a)

     7,500         125,766   

Fuji Kyuko Co., Ltd.(a)

     5,000         47,154   

Hiramatsu, Inc.

     10,000         52,950   

Ichibanya Co., Ltd.(a)

     2,948         131,268   

Kyoritsu Maintenance Co., Ltd.(a)

     2,700         129,456   

MOS Food Services, Inc.(a)

     3,500         74,392   

Ohsho Food Service Corp.(a)

     6,200         221,530   

PGM Holdings K.K.(a)

     10,200         111,505   

Plenus Co., Ltd.

     9,900         184,090   

Resorttrust, Inc.

     19,600         511,553   

Round One Corp.

     27,700         157,296   

Royal Holdings Co., Ltd.(a)

     3,900         73,138   

Saizeriya Co., Ltd.

     9,800         189,749   

St. Marc Holdings Co., Ltd.

     6,400         218,003   

Tokyo Dome Corp.(a)

     22,000         93,559   

Tokyotokeiba Co., Ltd.(a)

     33,000         82,001   

Yoshinoya Holdings Co., Ltd.(a)

     14,100         153,904   

Zensho Holdings Co., Ltd.(a)

     26,105         253,159   
     

 

 

 
Total Hotels, Restaurants & Leisure               3,377,715   
Household Durables – 2.5%      

Cleanup Corp.

     14,600         113,829   

Foster Electric Co., Ltd.(a)

     7,906         197,774   

France Bed Holdings Co., Ltd.(a)

     95,000         141,797   

Fuji Corp., Ltd.(a)

     25,900         143,403   

Fujitsu General Ltd.(a)

     12,000         157,699   

Haseko Corp.

     11,600         113,364   

Higashi Nihon House Co., Ltd.(a)

     17,500         79,675   

Misawa Homes Co., Ltd.(a)

     7,041         61,471   

PanaHome Corp.

     57,000         395,447   

Pressance Corp.

     3,200         101,797   

Sangetsu Co., Ltd.

     22,600         342,416   

Starts Corp., Inc.

     11,400         173,673   

Sumitomo Forestry Co., Ltd.

     33,500         366,775   

Tama Home Co., Ltd.(a)

     13,246         64,283   

Tamron Co., Ltd.

     7,100         153,160   

TOA Corp.

     7,100         68,617   

Token Corp.

     3,180         160,160   

West Holdings Corp.(a)

     5,600         49,498   
     

 

 

 
Total Household Durables               2,884,838   
Household Products – 1.1%      

Earth Chemical Co., Ltd.

     6,800         235,030   

Lion Corp.

     61,000         372,333   

 

See Notes to Financial Statements.

 

102   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Pigeon Corp.

     7,400       $ 623,840   
     

 

 

 
Total Household Products               1,231,203   
Industrial Conglomerates – 0.7%      

Keihan Electric Railway Co., Ltd.(a)

     94,110         574,430   

Nisshinbo Holdings, Inc.

     29,000         278,816   
     

 

 

 
Total Industrial Conglomerates               853,246   
Internet & Catalog Retail – 0.4%      

ASKUL Corp.(a)

     5,700         134,367   

Belluna Co., Ltd.

     20,000         98,061   

Ikyu Corp.

     7,500         131,832   

Senshukai Co., Ltd.(a)

     16,500         119,700   
     

 

 

 
Total Internet & Catalog Retail               483,960   
Internet Software & Services – 1.3%      

Dena Co., Ltd.(a)

     38,783         760,299   

F@N Communications, Inc.(a)

     6,200         52,785   

GMO Internet, Inc.

     20,900         257,579   

Gree, Inc.(a)

     38,900         270,848   

Gurunavi, Inc.

     5,700         111,505   

Internet Initiative Japan, Inc.(a)

     4,200         69,729   
     

 

 

 
Total Internet Software & Services               1,522,745   
IT Services – 1.5%      

Bit-isle, Inc.

     16,100         70,750   

DTS Corp.

     4,700         90,140   

Future Architect, Inc.

     13,000         79,024   

Ines Corp.

     14,300         108,390   

Information Services International-Dentsu Ltd.

     6,300         60,518   

IT Holdings Corp.

     14,200         259,667   

NEC Networks & System Integration Corp.

     12,900         260,098   

NET One Systems Co., Ltd.(a)

     50,000         341,880   

Nihon Unisys Ltd.

     21,300         202,477   

NS Solutions Corp.

     10,500         324,390   
     

 

 

 
Total IT Services               1,797,334   
Leisure Products – 1.2%      

Daikoku Denki Co., Ltd.(a)

     7,300         105,734   

Fields Corp.(a)

     13,400         204,366   

Heiwa Corp.

     32,900         647,164   

Mizuno Corp.(a)

     25,000         130,498   

Tomy Co., Ltd.(a)

     24,600         146,461   

Universal Entertainment Corp.(a)

     10,400         170,060   
     

 

 

 
Total Leisure Products               1,404,283   
Life Sciences Tools & Services – 0.1%      

CMIC Holdings Co., Ltd.

     4,000         64,774   

EPS Holdings Inc.

     6,500         76,910   
     

 

 

 
Total Life Sciences Tools & Services               141,684   
Machinery – 6.4%      

Aida Engineering Ltd.

     18,700         215,184   

Anest Iwata Corp.

     11,300         72,648   

Asahi Diamond Industrial Co., Ltd.

     10,100         115,801   

Bando Chemical Industries Ltd.

     25,000         96,936   

CKD Corp.

     16,100         151,166   

Daifuku Co., Ltd.

     16,600         219,811   

DMG Mori Seiki Co., Ltd.

     19,700       303,241   

Fujitec Co., Ltd.(a)

     23,500         230,052   

Furukawa Co., Ltd.

     51,000         90,156   

Glory Ltd.

     12,500         349,177   

Harmonic Drive Systems, Inc.(a)

     6,500         143,631   

Hitachi Koki Co., Ltd.(a)

     42,100         343,681   

Hitachi Zosen Corp.

     33,535         173,372   

Hosokawa Micron Corp.

     9,000         46,829   

Iseki & Co., Ltd.(a)

     42,000         80,550   

Japan Steel Works Ltd. (The)(a)

     56,018         235,890   

Kato Works Co., Ltd.

     11,000         74,480   

Kito Corp.(a)

     4,700         47,813   

Kitz Corp.

     24,500         121,351   

Kobelco Eco-Solutions Co., Ltd.

     21,433         120,636   

Kyokuto Kaihatsu Kogyo Co., Ltd.

     8,171         92,731   

Makino Milling Machine Co., Ltd.(a)

     12,000         102,264   

Meidensha Corp.(a)

     42,000         135,885   

Mitsubishi Nichiyu Forklift Co., Ltd.

     9,100         51,447   

Mitsuboshi Belting Co., Ltd.

     10,000         80,467   

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

     78,000         133,333   

Miura Co., Ltd.(a)

     24,600         277,744   

Morita Holdings Corp.

     9,100         85,518   

Nachi-Fujikoshi Corp.

     27,000         148,143   

Nippon Sharyo Ltd.(a)

     25,000         71,711   

Nippon Thompson Co., Ltd.

     22,000         108,785   

Nitta Corp.

     6,600         179,962   

Noritake Co., Ltd.

     31,000         72,896   

Obara Group, Inc.(a)

     3,500         198,457   

Oiles Corp.

     9,300         181,774   

OKUMA Corp.

     22,000         204,728   

OSG Corp.(a)

     17,700         345,366   

Ryobi Ltd.

     29,000         85,362   

Shima Seiki Manufacturing Ltd.

     7,400         126,496   

Shinmaywa Industries Ltd.

     10,000         106,316   

Sodick Co., Ltd.(a)

     18,300         200,663   

Star Micronics Co., Ltd.

     13,700         192,377   

Tadano Ltd.

     16,000         215,601   

Takuma Co., Ltd.

     10,000         78,549   

Tocalo Co., Ltd.

     6,700         125,927   

Toshiba Machine Co., Ltd.

     22,000         92,825   

Tsubakimoto Chain Co.

     28,000         233,713   

Tsugami Corp.(a)

     25,000         160,308   

Union Tool Co.

     3,100         88,664   

YAMABIKO Corp.

     2,700         121,126   
     

 

 

 
Total Machinery               7,531,543   
Marine – 0.7%      

Iino Kaiun Kaisha Ltd.

     20,300         107,657   

Kawasaki Kisen Kaisha Ltd.(a)

     205,000         552,137   

NS United Kaiun Kaisha Ltd.(a)

     75,740         184,416   
     

 

 

 
Total Marine               844,210   
Media – 1.4%      

Avex Group Holdings, Inc.(a)

     16,700         266,949   

Daiichikosho Co., Ltd.(a)

     13,900         432,329   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      103   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Kadokawa Dwango*

     3,700       $ 58,126   

OPT, Inc.(a)

     9,932         57,642   

SKY Perfect JSAT Holdings, Inc.

     88,600         551,141   

Toei Co., Ltd.

     23,000         171,265   

Zenrin Co., Ltd.(a)

     13,300         164,469   
     

 

 

 
Total Media               1,701,921   
Metals & Mining – 2.1%      

Aichi Steel Corp.

     60,000         285,679   

Asahi Holdings, Inc.

     13,700         234,988   

Daido Steel Co., Ltd.(a)

     43,000         192,904   

Kurimoto Ltd.

     35,000         66,833   

Kyoei Steel Ltd.

     3,800         64,292   

Mitsubishi Steel Manufacturing Co., Ltd.

     48,987         103,346   

Mitsui Mining & Smelting Co., Ltd.

     101,000         230,761   

Neturen Co., Ltd.

     13,600         100,930   

Nippon Denko Co., Ltd.

     26,600         63,880   

Nisshin Steel Co., Ltd.(a)

     13,732         172,101   

Nittetsu Mining Co., Ltd.

     26,000         96,477   

Sanyo Special Steel Co., Ltd.

     26,000         109,268   

Toho Zinc Co., Ltd.

     30,000         94,809   

Toyo Kohan Co., Ltd.

     24,200         110,784   

UACJ Corp.(a)

     95,532         264,470   

Yamato Kogyo Co., Ltd.

     9,000         217,936   
     

 

 

 
Total Metals & Mining               2,409,458   
Multiline Retail – 0.6%      

Fuji Co., Ltd.

     3,500         60,267   

H2O Retailing Corp.(a)

     19,700         371,906   

Parco Co., Ltd.

     18,100         168,888   

Seria Co., Ltd.(a)

     2,946         106,613   
     

 

 

 
Total Multiline Retail               707,674   
Oil, Gas & Consumable Fuels – 0.7%      

Cosmo Oil Co., Ltd.(a)

     79,000         106,717   

Itochu Enex Co., Ltd.

     28,400         234,683   

Nippon Gas Co., Ltd.

     7,000         173,358   

San-Ai Oil Co., Ltd.

     23,000         149,402   

Sinanen Co., Ltd.

     27,000         102,664   
     

 

 

 
Total Oil, Gas & Consumable Fuels               766,824   
Paper & Forest Products – 0.8%      

Daiken Corp.

     33,000         74,572   

Daio Paper Corp.

     12,000         103,064   

Hokuetsu Kishu Paper Co., Ltd.(a)

     55,600         249,429   

Nippon Paper Industries Co., Ltd.(a)

     24,700         371,968   

Tokushu Tokai Paper Co., Ltd.

     57,000         130,231   
     

 

 

 
Total Paper & Forest Products               929,264   
Personal Products – 1.3%      

Artnature, Inc.

     5,600         51,412   

Dr. Ci:Labo Co., Ltd.(a)

     5,600         195,889   

Kose Corp.

     9,100         503,089   

Mandom Corp.

     5,900         216,223   

Pola Orbis Holdings, Inc.(a)

     10,066         534,671   
     

 

 

 
Total Personal Products               1,501,284   
Pharmaceuticals – 3.1%      

Fuso Pharmaceutical Industries Ltd.

     35,000       90,765   

JCR Pharmaceuticals Co., Ltd.(a)

     2,400         50,291   

Kaken Pharmaceutical Co., Ltd.

     26,000         754,472   

KYORIN Holdings, Inc.

     22,600         541,608   

Mochida Pharmaceutical Co., Ltd.

     4,200         276,323   

Nichi-iko Pharmaceutical Co., Ltd.

     11,000         253,892   

Nippon Shinyaku Co., Ltd.(a)

     8,000         291,849   

Rohto Pharmaceutical Co., Ltd.

     14,200         202,240   

Sawai Pharmaceutical Co., Ltd.

     5,900         349,794   

Towa Pharmaceutical Co., Ltd.

     3,300         189,043   

Tsumura & Co.(a)

     20,700         512,818   

ZERIA Pharmaceutical Co., Ltd.(a)

     6,200         103,967   
     

 

 

 
Total Pharmaceuticals               3,617,062   
Professional Services – 1.0%      

en-japan, Inc.

     3,000         41,301   

Funai Soken Holdings, Inc.

     9,700         91,722   

Meitec Corp.

     9,000         302,064   

Nihon M&A Center, Inc.

     3,700         128,038   

Nomura Co., Ltd.

     12,900         121,981   

Pasco Corp.

     12,000         34,422   

Space Co., Ltd.

     6,200         67,312   

Temp Holdings Co., Ltd.

     6,000         208,130   

Weathernews, Inc.

     1,100         32,287   

Yumeshin Holdings Co., Ltd.(a)

     22,500         168,293   
     

 

 

 
Total Professional Services               1,195,550   
Real Estate Management & Development – 1.2%      

Daibiru Corp.

     13,300         137,519   

Daikyo, Inc.

     115,000         173,567   

Heiwa Real Estate Co., Ltd.

     6,900         97,121   

Jowa Holdings Co., Ltd.(a)

     3,600         138,987   

Relo Holdings, Inc.

     3,148         279,297   

Sumitomo Real Estate Sales Co., Ltd.

     10,800         294,034   

Sun Frontier Fudousan Co., Ltd.(a)

     5,600         51,646   

Takara Leben Co., Ltd.

     23,200         124,584   

TOC Co., Ltd.

     18,300         143,745   
     

 

 

 
Total Real Estate Management & Development               1,440,500   
Road & Rail – 2.5%      

Fukuyama Transporting Co., Ltd.(a)

     58,000         309,527   

Hitachi Transport System Ltd.

     19,700         298,477   

Ichinen Holdings Co., Ltd.

     10,600         95,371   

Maruzen Showa Unyu Co., Ltd.

     23,000         78,441   

Nankai Electric Railway Co., Ltd.

     60,838         251,621   

Nippon Konpo Unyu Soko Co., Ltd.

     21,200         372,293   

Nishi-Nippon Railroad Co., Ltd.

     55,000         252,700   

Sankyu, Inc.

     64,000         279,108   

Seino Holdings Co., Ltd.

     20,600         223,821   

Senko Co., Ltd.(a)

     40,000         260,162   

Sotetsu Holdings, Inc.

     76,000         352,987   

Trancom Co., Ltd.

     2,400         105,266   
     

 

 

 
Total Road & Rail               2,879,774   

 

See Notes to Financial Statements.

 

104   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Semiconductors & Semiconductor Equipment – 1.8%   

Advantest Corp.(a)

     27,300       $ 345,789   

Axell Corp.

     5,600         73,686   

Disco Corp.(a)

     5,500         563,185   

MegaChips Corp.

     7,492         86,961   

Mimasu Semiconductor Industry Co., Ltd.

     10,500         114,259   

Mitsui High-Tec, Inc.

     11,600         87,345   

Nuflare Technology, Inc.

     2,700         120,225   

Sanken Electric Co., Ltd.(a)

     10,000         69,377   

SCREEN Holdings Co., Ltd.

     21,700         164,661   

Shindengen Electric Manufacturing Co., Ltd.

     23,000         115,072   

Shinko Electric Industries Co., Ltd.

     30,000         214,134   

Tokyo Seimitsu Co., Ltd.

     4,900         112,525   

UT Holdings Co., Ltd.

     16,200         63,490   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               2,130,709   
Software – 1.1%      

Broadleaf Co., Ltd.

     5,600         109,642   

Capcom Co., Ltd.(a)

     18,000         358,574   

Fuji Soft, Inc.(a)

     3,600         73,066   

Marvelous, Inc.(a)

     8,400         117,604   

Miroku Jyoho Service Co., Ltd.

     12,800         73,326   

Square Enix Holdings Co., Ltd.

     23,050         494,539   

Systena Corp.

     14,000         104,832   
     

 

 

 
Total Software               1,331,583   
Specialty Retail – 6.0%      

Adastria Holdings Co., Ltd.(a)

     9,061         250,844   

Alpen Co., Ltd.(a)

     10,000         156,765   

AOKI Holdings, Inc.

     20,300         287,425   

Aoyama Trading Co., Ltd.

     20,100         656,172   

Arcland Sakamoto Co., Ltd.

     3,648         78,329   

Autobacs Seven Co., Ltd.

     33,700         533,074   

Bic Camera, Inc.(a)

     25,300         263,706   

Chiyoda Co., Ltd.(a)

     10,500         237,011   

DCM Holdings Co., Ltd.

     40,700         305,441   

EDION Corp.(a)

     37,000         278,908   

Geo Holdings Corp.(a)

     23,100         244,435   

Gulliver International Co., Ltd.(a)

     19,700         162,627   

Honeys Co., Ltd.(a)

     10,240         89,656   

Jin Co., Ltd.(a)

     3,400         118,082   

Joshin Denki Co., Ltd.

     9,000         71,520   

K’s Holdings Corp.(a)

     15,617         505,916   

Keiyo Co., Ltd.(a)

     20,700         98,904   

Kohnan Shoji Co., Ltd.

     7,600         85,237   

Komeri Co., Ltd.

     9,000         212,458   

Konaka Co., Ltd.

     13,900         85,770   

Nishimatsuya Chain Co., Ltd.(a)

     21,800         192,505   

Pal Co., Ltd.

     6,000         171,107   

Right On Co., Ltd.(a)

     12,700         86,838   

Sanrio Co., Ltd.(a)

     23,757         636,888   

Shimachu Co., Ltd.

     10,000         264,332   

T-Gaia Corp.

     26,800         355,098   

United Arrows Ltd.(a)

     5,900         175,635   

VT Holdings Co., Ltd.(a)

     32,154       141,030   

Xebio Co., Ltd.(a)

     10,100         175,597   

Yellow Hat Ltd.

     6,500         139,187   
     

 

 

 
Total Specialty Retail               7,060,497   
Technology Hardware, Storage & Peripherals – 0.7%   

Elecom Co., Ltd.(a)

     3,700         76,977   

Riso Kagaku Corp.

     13,300         219,587   

Roland DG Corp.

     2,400         65,041   

Toshiba TEC Corp.

     40,000         265,166   

Wacom Co., Ltd.(a)

     50,000         240,984   
     

 

 

 
Total Technology Hardware, Storage & Peripherals               867,755   
Textiles, Apparel & Luxury Goods – 1.8%   

Daidoh Ltd.(a)

     14,700         63,004   

Descente Ltd.

     7,900         98,285   

Fujibo Holdings, Inc.

     26,000         64,824   

Gunze Ltd.

     79,000         211,457   

Japan Vilene Co., Ltd.

     12,000         59,437   

Japan Wool Textile Co., Ltd. (The)

     23,000         166,471   

Kurabo Industries Ltd.

     74,000         130,198   

Onward Holdings Co., Ltd.(a)

     66,639         465,653   

Sanyo Shokai Ltd.

     39,000         100,488   

Seiko Holdings Corp.(a)

     29,000         146,541   

Seiren Co., Ltd.(a)

     11,100         99,500   

Wacoal Holdings Corp.

     42,000         473,496   

Yondoshi Holdings, Inc.(a)

     3,800         72,689   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               2,152,043   
Trading Companies & Distributors – 3.5%      

Daiichi Jitsugyo Co., Ltd.

     20,000         100,730   

Emori Group Holdings Co., Ltd.(a)

     3,700         14,562   

Hanwa Co., Ltd.

     67,000         272,637   

Inaba Denki Sangyo Co., Ltd.

     9,600         348,218   

Inabata & Co., Ltd.

     17,100         170,822   

Iwatani Corp.(a)

     33,000         216,835   

Kamei Corp.

     9,800         71,666   

Kanamoto Co., Ltd.

     3,100         89,439   

Kanematsu Corp.

     92,000         134,251   

Kuroda Electric Co., Ltd.

     4,400         70,517   

MISUMI Group, Inc.

     12,000         485,303   

MonotaRO Co., Ltd.(a)

     3,400         123,611   

Nagase & Co., Ltd.

     31,200         409,236   

Nippon Steel & Sumikin Bussan Corp.

     70,960         245,557   

Seika Corp.

     26,000         71,111   

Shinsho Corp.

     35,000         75,589   

Sojitz Corp.(a)

     293,500         491,920   

Trusco Nakayama Corp.

     6,400         200,926   

Wakita & Co., Ltd.

     13,345         129,973   

Yamazen Corp.

     24,600         202,461   

Yuasa Trading Co., Ltd.

     9,100         190,688   
     

 

 

 
Total Trading Companies & Distributors               4,116,052   
Transportation Infrastructure – 0.5%      

Japan Airport Terminal Co., Ltd.(a)

     4,400         267,100   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      105   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Nissin Corp.

     35,000       $ 89,306   

Sumitomo Warehouse Co., Ltd. (The)

     42,000         232,896   
     

 

 

 
Total Transportation Infrastructure               589,302   

TOTAL COMMON STOCKS

(Cost: $112,461,749)

              116,558,083   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 18.0%      
United States – 18.0%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $21,229,844)(c)      21,229,844         21,229,844   

TOTAL INVESTMENTS IN SECURITIES – 117.0%

(Cost: $133,691,593)

  

  

     137,787,927   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (17.0)%

        (20,025,835
     

 

 

 
NET ASSETS – 100.0%             $ 117,762,092   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $20,458,147 and the total market value of the collateral held by the Fund was $21,577,920. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $348,076. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

106   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Japan – 99.2%      
Electronic Equipment, Instruments & Components – 30.8%   

Ai Holdings Corp.

     400       $ 7,318   

Alps Electric Co., Ltd.

     1,400         33,889   

Anritsu Corp.(a)

     1,300         9,095   

Azbil Corp.

     600         16,310   

Citizen Holdings Co., Ltd.(a)

     2,700         20,758   

Enplas Corp.

     150         6,035   

Hamamatsu Photonics K.K.

     1,100         33,342   

Hirose Electric Co., Ltd.(a)

     241         31,229   

Hitachi High-Technologies Corp.

     500         15,280   

Hitachi Ltd.(a)

     33,600         230,640   

Horiba Ltd.

     300         11,495   

Hoya Corp.

     3,070         123,325   

Ibiden Co., Ltd.

     1,100         18,592   

Iriso Electronics Co., Ltd.

     100         7,021   

Japan Aviation Electronics Industry Ltd.

     500         12,158   

Japan Display, Inc.*(a)

     2,900         10,447   

Keyence Corp.

     317         173,402   

Kyocera Corp.

     2,470         135,770   

Mitsumi Electric Co., Ltd.

     900         6,702   

Murata Manufacturing Co., Ltd.

     1,415         195,097   

Nichicon Corp.

     700         6,555   

Nippon Electric Glass Co., Ltd.

     3,000         14,684   

Nippon Signal Co., Ltd. (The)

     700         6,853   

Oki Electric Industry Co., Ltd.

     6,000         12,458   

Omron Corp.

     1,570         70,956   

Shimadzu Corp.

     1,900         21,246   

Taiyo Yuden Co., Ltd.(a)

     1,000         14,609   

TDK Corp.

     840         59,817   

Topcon Corp.(a)

     600         14,749   

Yaskawa Electric Corp.(a)

     1,900         27,900   

Yokogawa Electric Corp.(a)

     1,600         17,277   
     

 

 

 
Total Electronic Equipment, Instruments & Components         1,365,009   
Household Durables – 12.3%      

Alpine Electronics, Inc.

     400         6,681   

Casio Computer Co., Ltd.(a)

     2,300         43,708   

Nikon Corp.(a)

     2,800         37,590   

Panasonic Corp.(a)

     16,300         214,343   

Pioneer Corp.*(a)

     3,300         6,027   

Sharp Corp.*(a)

     13,000         25,474   

Sony Corp.

     8,000         212,800   
     

 

 

 
Total Household Durables               546,623   
Internet & Catalog Retail – 2.6%      

Rakuten, Inc.

     5,800         102,458   

Start Today Co., Ltd.

     500         13,196   
     

 

 

 
Total Internet & Catalog Retail               115,654   
Internet Software & Services – 2.6%      

Dena Co., Ltd.(a)

     900         17,643   

GMO Internet, Inc.

     700         8,627   

Gree, Inc.(a)

     1,000         6,963   

Internet Initiative Japan, Inc.(a)

     400         6,641   

Kakaku.com, Inc.(a)

     1,100       18,326   

Mixi, Inc.(a)

     420         17,021   

Yahoo Japan Corp.(a)

     10,000         41,359   
     

 

 

 
Total Internet Software & Services               116,580   
IT Services – 6.3%      

Fujitsu Ltd.

     15,000         102,451   

IT Holdings Corp.

     800         14,629   

Itochu Techno-Solutions Corp.(a)

     440         9,154   

NEC Networks & System Integration Corp.

     300         6,049   

NET One Systems Co., Ltd.(a)

     1,000         6,838   

Nomura Research Institute Ltd.

     900         33,921   

NS Solutions Corp.

     200         6,179   

NTT Data Corp.(a)

     1,000         43,610   

Obic Co., Ltd.

     500         21,263   

Otsuka Corp.

     500         21,347   

SCSK Corp.

     500         14,030   
     

 

 

 
Total IT Services               279,471   
Leisure Products – 2.5%      

Bandai Namco Holdings, Inc.

     1,800         35,092   

Heiwa Corp.

     400         7,868   

Sankyo Co., Ltd.

     440         15,685   

Sega Sammy Holdings, Inc.(a)

     1,800         26,326   

Yamaha Corp.

     1,400         24,562   
     

 

 

 
Total Leisure Products               109,533   
Media – 4.1%      

Avex Group Holdings, Inc.(a)

     400         6,394   

Daiichikosho Co., Ltd.(a)

     400         12,441   

Dentsu, Inc.

     1,940         83,310   

Hakuhodo DY Holdings, Inc.(a)

     2,400         25,596   

Shochiku Co., Ltd.

     1,000         9,406   

SKY Perfect JSAT Holdings, Inc.

     1,800         11,197   

Toei Co., Ltd.

     700         5,213   

Toho Co., Ltd.

     1,190         29,153   
     

 

 

 
Total Media               182,710   
Semiconductors & Semiconductor Equipment – 4.0%      

Advantest Corp.(a)

     1,300         16,466   

Disco Corp.

     230         23,551   

Micronics Japan Co., Ltd.

     200         5,837   

Sanken Electric Co., Ltd.

     800         5,550   

SCREEN Holdings Co., Ltd.

     1,700         12,900   

Sumco Corp.

     800         13,469   

Tokyo Electron Ltd.

     1,260         88,066   

Tokyo Seimitsu Co., Ltd.

     400         9,186   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               175,025   
Software – 2.4%      

Capcom Co., Ltd.(a)

     500         9,960   

GungHo Online Entertainment, Inc.(a)

     3,400         13,325   

Konami Corp.(a)

     900         16,885   

Nexon Co., Ltd.

     1,400         14,943   

Oracle Corp.

     250         10,778   

Square Enix Holdings Co., Ltd.(a)

     630         13,517   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      107   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Trend Micro, Inc.

     770       $ 25,426   
     

 

 

 
Total Software               104,834   
Technology Hardware, Storage & Peripherals – 14.9%      

Brother Industries Ltd.(a)

     1,930         30,787   

Canon, Inc.

     8,070         285,857   

Eizo Corp.

     200         4,383   

FUJIFILM Holdings Corp.

     3,390         120,887   

Hitachi Maxell Ltd.

     400         6,931   

Konica Minolta, Inc.

     3,600         36,653   

NEC Corp.

     19,500         57,398   

Ricoh Co., Ltd.

     5,200         56,715   

Riso Kagaku Corp.

     400         6,604   

Seiko Epson Corp.(a)

     2,280         40,514   

Toshiba TEC Corp.

     1,200         7,955   

Wacom Co., Ltd.(a)

     1,500         7,229   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         661,913   
Wireless Telecommunication Services – 16.7%      

Japan Communications, Inc.*(a)

     1,500         6,204   

KDDI Corp.

     11,185         253,732   

NTT DOCOMO, Inc.(a)

     9,750         169,553   

SoftBank Corp.

     5,310         309,058   
     

 

 

 
Total Wireless Telecommunication Services               738,547   

TOTAL COMMON STOCKS

(Cost: $4,063,639)

              4,395,899   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 23.6%      
United States – 23.6%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $1,044,602)(c)      1,044,602         1,044,602   

TOTAL INVESTMENTS IN SECURITIES – 122.8%

(Cost: $5,108,241)

        5,440,501   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (22.8)%

        (1,008,755
     

 

 

 
NET ASSETS – 100.0%             $ 4,431,746   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $1,019,263 and the total market value of the collateral held by the Fund was $1,099,972. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $55,370. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

108   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%      
Japan – 98.9%      
Air Freight & Logistics – 0.4%      

Kintetsu World Express, Inc.

     11,083       $ 499,047   

Mitsui-Soko Holdings Co., Ltd.

     60,090         202,430   

Yusen Logistics Co., Ltd.

     27,200         337,264   
     

 

 

 
Total Air Freight & Logistics               1,038,741   
Auto Components – 5.8%      

Aisan Industry Co., Ltd.

     45,000         388,368   

Akebono Brake Industry Co., Ltd.(a)

     61,732         226,492   

Calsonic Kansei Corp.

     95,000         631,353   

Daido Metal Co., Ltd.

     33,500         349,456   

Eagle Industry Co., Ltd.

     15,900         322,574   

Exedy Corp.

     25,125         599,815   

G-Tekt Corp.

     24,400         220,755   

Keihin Corp.

     46,221         709,551   

Kinugawa Rubber Industrial Co., Ltd.(a)

     55,372         241,019   

KYB Co., Ltd.

     107,400         394,046   

Musashi Seimitsu Industry Co., Ltd.(a)

     16,305         345,610   

NHK Spring Co., Ltd.

     141,263         1,475,944   

Nifco, Inc.

     39,686         1,371,678   

Nissin Kogyo Co., Ltd.

     29,500         469,343   

Pacific Industrial Co., Ltd.(a)

     34,000         278,691   

Press Kogyo Co., Ltd.(a)

     108,000         438,574   

Riken Corp.

     64,687         256,213   

Sanden Corp.

     74,963         335,669   

Sanoh Industrial Co., Ltd.

     50,097         361,759   

Showa Corp.

     46,200         467,682   

Sumitomo Riko Co., Ltd.

     19,600         172,098   

T. RAD Co., Ltd.

     109,000         232,679   

Tachi-S Co., Ltd.(a)

     5,200         73,019   

Taiho Kogyo Co., Ltd.

     36,400         429,182   

Takata Corp.(a)

     29,900         328,108   

Tokai Rika Co., Ltd.

     58,158         1,352,534   

Topre Corp.

     34,800         545,251   

Toyo Tire & Rubber Co., Ltd.

     49,500         894,447   

Toyota Boshoku Corp.(a)

     89,800         1,126,197   

TPR Co., Ltd.

     18,300         492,120   

TS Tech Co., Ltd.

     32,400         876,698   

Unipres Corp.

     13,803         281,987   
     

 

 

 
Total Auto Components               16,688,912   
Banks – 8.2%      

77 Bank Ltd. (The)

     162,000         918,574   

Aomori Bank Ltd. (The)

     140,622         453,790   

Ashikaga Holdings Co., Ltd.

     100,600         423,623   

Awa Bank Ltd. (The)

     51,378         291,753   

Bank of Iwate Ltd. (The)(a)

     14,300         620,054   

Bank of Nagoya Ltd. (The)(a)

     52,691         175,307   

Bank of Saga Ltd. (The)

     189,448         478,655   

Bank of the Ryukyus Ltd.

     23,508         338,139   

Daisan Bank Ltd. (The)

     159,083         250,712   

Daishi Bank Ltd. (The)

     183,552         647,425   

Ehime Bank Ltd. (The)(a)

     215,144         430,557   

Eighteenth Bank Ltd. (The)

     158,046       481,024   

FIDEA Holdings Co., Ltd.(a)

     160,727         292,170   

Fukui Bank Ltd. (The)

     85,671         186,451   

Higashi-Nippon Bank Ltd. (The)

     174,000         548,443   

Higo Bank Ltd. (The)

     79,000         485,495   

Hokkoku Bank Ltd. (The)

     178,621         624,075   

Hokuetsu Bank Ltd. (The)

     79,000         154,146   

Hyakugo Bank Ltd. (The)

     108,000         501,614   

Hyakujushi Bank Ltd. (The)

     127,000         420,421   

Jimoto Holdings, Inc.

     94,800         177,861   

Juroku Bank Ltd. (The)

     216,000         794,296   

Kagoshima Bank Ltd. (The)

     80,719         549,906   

Kansai Urban Banking Corp.

     59,100         614,039   

Keiyo Bank Ltd. (The)

     178,684         1,037,015   

Kiyo Bank Ltd. (The)

     60,490         844,868   

Michinoku Bank Ltd. (The)

     100,780         171,433   

Mie Bank Ltd. (The)

     115,389         264,599   

Minato Bank Ltd. (The)(a)

     186,000         431,170   

Miyazaki Bank Ltd. (The)

     185,000         704,982   

Musashino Bank Ltd. (The)

     20,805         700,006   

Nanto Bank Ltd. (The)

     178,000         618,937   

Nishi-Nippon City Bank Ltd. (The)

     571,000         1,661,697   

North Pacific Bank Ltd.

     129,815         491,441   

Ogaki Kyoritsu Bank Ltd. (The)

     264,423         837,863   

Oita Bank Ltd. (The)(a)

     87,000         338,787   

San-In Godo Bank Ltd. (The)

     61,000         504,073   

Senshu Ikeda Holdings, Inc.

     217,240         1,034,347   

Shiga Bank Ltd. (The)

     105,923         529,946   

Tochigi Bank Ltd. (The)

     37,843         195,013   

Toho Bank Ltd. (The)

     216,000         889,756   

Tokyo TY Financial Group, Inc.

     18,100         485,987   

TOMONY Holdings, Inc.

     55,977         253,921   

Tottori Bank Ltd. (The)

     155,000         329,581   

Towa Bank Ltd. (The)

     124,000         102,364   

Yamagata Bank Ltd. (The)(a)

     18,000         76,398   

Yamanashi Chuo Bank Ltd. (The)

     50,066         219,593   
     

 

 

 
Total Banks               23,582,307   
Beverages – 1.0%      

Coca-Cola West Co., Ltd.(a)

     71,979         1,191,997   

Ito En Ltd.(a)

     29,400         635,192   

Sapporo Holdings Ltd.(a)

     117,992         468,328   

Takara Holdings, Inc.

     73,811         535,464   
     

 

 

 
Total Beverages               2,830,981   
Building Products – 2.4%      

Aica Kogyo Co., Ltd.

     38,415         896,910   

Bunka Shutter Co., Ltd.

     37,000         306,675   

Central Glass Co., Ltd.

     129,933         614,317   

Eidai Co., Ltd.

     13,000         48,347   

Nichias Corp.(a)

     87,827         507,518   

Nitto Boseki Co., Ltd.

     110,996         432,230   

Noritz Corp.(a)

     27,100         445,622   

Okabe Co., Ltd.

     28,600         264,477   

Sanwa Holdings Corp.

     140,866         1,047,759   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      109   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Sekisui Jushi Corp.

     26,900       $ 359,340   

Takara Standard Co., Ltd.

     98,063         830,786   

Takasago Thermal Engineering Co., Ltd.

     79,172         990,269   
     

 

 

 
Total Building Products               6,744,250   
Capital Markets – 1.5%      

Ichigo Group Holdings Co., Ltd.(a)

     45,100         118,085   

Ichiyoshi Securities Co., Ltd.(a)

     50,688         550,309   

IwaiCosmo Holdings, Inc.

     32,800         463,590   

kabu.com Securities Co., Ltd.(a)

     162,700         1,070,422   

Kyokuto Securities Co., Ltd.

     55,400         818,123   

Monex Group, Inc.(a)

     315,094         843,404   

Sparx Group Co., Ltd.(a)

     71,300         129,609   

Takagi Securities Co., Ltd.(a)

     83,233         186,697   

Toyo Securities Co., Ltd.

     70,198         217,750   
     

 

 

 
Total Capital Markets               4,397,989   
Chemicals – 7.9%      

Achilles Corp.

     209,000         261,413   

ADEKA Corp.

     73,825         956,632   

Chugoku Marine Paints Ltd.

     52,000         471,328   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     44,714         230,421   

Denki Kagaku Kogyo K.K.

     405,000         1,600,751   

Fujimi, Inc.

     23,500         405,825   

Fujimori Kogyo Co., Ltd.

     8,300         246,387   

Gun-Ei Chemical Industry Co., Ltd.

     14,000         39,108   

JSP Corp.(a)

     20,623         384,344   

Kaneka Corp.

     238,000         1,678,949   

Koatsu Gas Kogyo Co., Ltd.

     39,000         199,350   

Konishi Co., Ltd.

     9,300         157,501   

Kumiai Chemical Industry Co., Ltd.

     24,800         204,935   

Kureha Corp.

     113,648         488,992   

Lintec Corp.

     41,965         1,001,491   

Nihon Nohyaku Co., Ltd.

     23,988         240,630   

Nihon Parkerizing Co., Ltd.

     47,200         572,658   

Nippon Kayaku Co., Ltd.

     77,000         967,596   

Nippon Soda Co., Ltd.

     77,091         448,693   

Nippon Synthetic Chemical Industry Co., Ltd. (The)(a)

     52,860         351,298   

Nippon Valqua Industries Ltd.

     68,688         178,701   

NOF Corp.

     108,000         803,302   

Okamoto Industries, Inc.

     23,436         89,699   

Riken Technos Corp.

     32,300         117,699   

Sakai Chemical Industry Co., Ltd.

     108,000         352,120   

Sakata INX Corp.

     50,500         474,997   

Sanyo Chemical Industries Ltd.

     52,176         411,143   

Sekisui Plastics Co., Ltd.

     69,000         253,158   

Shikoku Chemicals Corp.

     26,000         208,347   

Showa Denko K.K.

     844,692         1,077,656   

Sumitomo Bakelite Co., Ltd.

     131,092         584,817   

Sumitomo Seika Chemicals Co., Ltd.

     66,000         471,094   

Taiyo Holdings Co., Ltd.

     20,691         728,951   

Takiron Co., Ltd.

     71,000         310,227   

Teijin Ltd.(a)

     408,000         1,388,068   

Toagosei Co., Ltd.

     116,000       531,032   

Tokai Carbon Co., Ltd.

     67,000         188,835   

Toyo Ink SC Holdings Co., Ltd.

     204,512         960,102   

Toyobo Co., Ltd.

     427,531         577,528   

Ube Industries Ltd.

     898,930         1,409,204   

Zeon Corp.(a)

     78,000         721,951   
     

 

 

 
Total Chemicals               22,746,933   
Commercial Services & Supplies – 1.7%      

Aeon Delight Co., Ltd.

     32,400         776,195   

Daiseki Co., Ltd.

     16,707         302,168   

Itoki Corp.

     31,700         202,214   

Kokuyo Co., Ltd.

     63,003         589,972   

Kyodo Printing Co., Ltd.

     67,049         206,305   

Kyoritsu Printing Co., Ltd.

     72,100         176,154   

Moshi Moshi Hotline, Inc.

     25,100         274,389   

Nippon Parking Development Co., Ltd.

     229,700         331,358   

Okamura Corp.

     71,376         574,936   

Sato Holdings Corp.

     20,738         471,220   

Toppan Forms Co., Ltd.

     63,900         725,719   

Uchida Yoko Co., Ltd.

     64,000         196,389   
     

 

 

 
Total Commercial Services & Supplies               4,827,019   
Communications Equipment – 0.3%      

Hitachi Kokusai Electric, Inc.(a)

     53,948         725,155   
Construction & Engineering – 3.1%      

Fudo Tetra Corp.

     64,600         128,203   

Hazama Ando Corp.

     15,900         91,084   

Kandenko Co., Ltd.

     86,138         500,631   

Kitano Construction Corp.

     98,651         278,863   

Kyowa Exeo Corp.

     70,366         756,321   

Kyudenko Corp.

     32,890         359,822   

Maeda Corp.

     65,087         473,261   

Maeda Road Construction Co., Ltd.

     44,694         726,359   

Mirait Holdings Corp.

     30,500         341,814   

Nippo Corp.

     35,358         585,541   

Nippon Densetsu Kogyo Co., Ltd.

     24,600         367,180   

Nippon Road Co., Ltd. (The)

     61,291         308,180   

Nippon Steel & Sumikin Texeng Co., Ltd.

     23,296         110,337   

Nishimatsu Construction Co., Ltd.(a)

     60,037         213,265   

Okumura Corp.

     133,853         627,270   

Penta-Ocean Construction Co., Ltd.

     32,993         120,775   

Raito Kogyo Co., Ltd.

     11,800         96,722   

SHO-BOND Holdings Co., Ltd.

     2,400         105,666   

Taikisha Ltd.

     11,965         298,314   

Toda Corp.

     76,549         323,622   

Toenec Corp.

     70,000         337,378   

Tokyu Construction Co., Ltd.

     49,100         278,407   

Toshiba Plant Systems & Services Corp.

     30,900         426,944   

Totetsu Kogyo Co., Ltd.

     14,379         321,692   

Toyo Construction Co., Ltd.(a)

     21,200         83,085   

Toyo Engineering Corp.(a)

     53,554         140,221   

Yurtec Corp.

     90,000         601,876   
     

 

 

 
Total Construction & Engineering               9,002,833   

 

See Notes to Financial Statements.

 

110   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Construction Materials – 0.2%      

Sumitomo Osaka Cement Co., Ltd.(a)

     176,404       $ 542,782   
Containers & Packaging – 0.9%      

FP Corp.(a)

     23,000         836,189   

Fuji Seal International, Inc.

     17,405         484,742   

Nihon Yamamura Glass Co., Ltd.

     224,000         321,267   

Rengo Co., Ltd.

     205,000         870,086   
     

 

 

 
Total Containers & Packaging               2,512,284   
Distributors – 0.5%      

Doshisha Co., Ltd.

     29,900         465,236   

Happinet Corp.(a)

     17,700         211,057   

Paltac Corp.

     54,757         771,186   
     

 

 

 
Total Distributors               1,447,479   
Diversified Consumer Services – 0.1%      

Meiko Network Japan Co., Ltd.

     17,186         184,722   

Studio Alice Co., Ltd.

     10,060         187,904   
     

 

 

 
Total Diversified Consumer Services               372,626   
Diversified Financial Services – 0.2%      

Ricoh Leasing Co., Ltd.

     15,900         472,658   
Electrical Equipment – 1.6%      

Daihen Corp.

     56,000         275,972   

Denyo Co., Ltd.

     2,000         29,919   

Endo Lighting Corp.(a)

     20,900         238,583   

Fujikura Ltd.

     143,715         631,543   

Furukawa Electric Co., Ltd.(a)

     331,000         560,292   

GS Yuasa Corp.(a)

     112,000         505,249   

Idec Corp.

     3,336         29,153   

Nippon Carbon Co., Ltd.

     146,000         456,535   

Nissin Electric Co., Ltd.

     47,765         287,167   

Nitto Kogyo Corp.

     27,400         510,873   

Odelic Co., Ltd.

     7,700         204,178   

Tatsuta Electric Wire and Cable Co., Ltd.

     35,720         151,607   

Ushio, Inc.

     63,075         786,827   
     

 

 

 
Total Electrical Equipment               4,667,898   
Electronic Equipment, Instruments & Components – 4.4%   

Ai Holdings Corp.

     43,000         786,675   

Amano Corp.

     59,435         712,179   

Anritsu Corp.(a)

     66,900         468,035   

Azbil Corp.

     67,354         1,830,928   

Canon Electronics, Inc.(a)

     41,800         848,722   

CONEXIO Corp.

     21,300         192,353   

Daiwabo Holdings Co., Ltd.

     188,396         303,193   

Enplas Corp.

     4,589         184,631   

Hakuto Co., Ltd.

     23,734         283,997   

Horiba Ltd.

     17,300         662,860   

Japan Aviation Electronics Industry Ltd.

     27,000         656,510   

Kaga Electronics Co., Ltd.

     35,000         427,559   

Koa Corp.

     16,347         159,347   

Kyosan Electric Manufacturing Co., Ltd.

     69,000         218,637   

Macnica, Inc.

     11,000         351,303   

Nichicon Corp.

     40,982         383,763   

Nippon Signal Co., Ltd. (The)

     33,600         328,926   

Nohmi Bosai Ltd.

     57,291       708,464   

Oki Electric Industry Co., Ltd.

     232,000         481,701   

Optex Co., Ltd.

     10,700         219,219   

Ryoden Trading Co., Ltd.

     62,723         439,859   

Ryosan Co., Ltd.

     10,600         260,923   

Sanshin Electronics Co., Ltd.(a)

     35,200         292,049   

Siix Corp.(a)

     16,800         419,842   

SMK Corp.(a)

     39,000         169,431   

Taiyo Yuden Co., Ltd.(a)

     34,500         504,015   

Topcon Corp.(a)

     8,200         201,573   

UKC Holdings Corp.

     4,300         74,687   
     

 

 

 
Total Electronic Equipment, Instruments & Components         12,571,381   
Energy Equipment & Services – 0.2%      

Modec, Inc.(a)

     20,304         319,819   

Toyo Kanetsu K.K.

     82,558         156,958   
     

 

 

 
Total Energy Equipment & Services               476,777   
Food & Staples Retailing – 3.3%      

Ain Pharmaciez, Inc.

     8,200         325,128   

Arcs Co., Ltd.(a)

     36,994         888,720   

Belc Co., Ltd.

     16,900         491,111   

Cocokara fine, Inc.

     13,700         385,554   

Cosmos Pharmaceutical Corp.

     900         140,863   

Heiwado Co., Ltd.

     31,963         733,477   

Kato Sangyo Co., Ltd.

     24,516         509,639   

Matsumotokiyoshi Holdings Co., Ltd.

     22,400         799,433   

Ministop Co., Ltd.(a)

     21,100         297,696   

Mitsubishi Shokuhin Co., Ltd.(a)

     22,900         480,437   

Okuwa Co., Ltd.(a)

     24,000         185,516   

Qol Co., Ltd.

     39,200         330,793   

San-A Co., Ltd.

     13,600         517,123   

United Super Markets Holdings, Inc.*(a)

     99,600         885,333   

UNY Group Holdings Co., Ltd.(a)

     235,400         1,321,027   

Valor Co., Ltd.

     25,391         550,271   

Welcia Holdings Co., Ltd.

     15,200         568,455   

Yokohama Reito Co., Ltd.

     26,528         184,706   
     

 

 

 
Total Food & Staples Retailing               9,595,282   
Food Products – 4.6%      

Ariake Japan Co., Ltd.

     24,528         843,677   

Ezaki Glico Co., Ltd.

     17,100         692,983   

Fuji Oil Co., Ltd.

     40,200         641,591   

Fujicco Co., Ltd.

     34,000         550,861   

Hokuto Corp.

     17,791         331,861   

Itoham Foods, Inc.(a)

     109,000         602,602   

J-Oil Mills, Inc.

     146,981         512,304   

Kagome Co., Ltd.(a)

     38,500         599,049   

Kameda Seika Co., Ltd.

     2,300         93,688   

Kewpie Corp.

     49,200         1,199,590   

Kyokuyo Co., Ltd.

     24,000         56,835   

Marudai Food Co., Ltd.

     116,000         394,647   

Maruha Nichiro Corp.(a)

     31,532         445,405   

Megmilk Snow Brand Co., Ltd.(a)

     49,700         598,845   

Mitsui Sugar Co., Ltd.

     62,492         219,901   

Morinaga & Co., Ltd.

     202,439         712,356   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      111   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Morinaga Milk Industry Co., Ltd.

     56,411       $ 214,496   

Nakamuraya Co., Ltd.

     55,000         230,227   

Nichirei Corp.

     145,096         815,465   

Nippon Beet Sugar Manufacturing Co., Ltd.

     115,000         189,869   

Nippon Flour Mills Co., Ltd.

     147,766         731,899   

Nisshin Oillio Group Ltd. (The)

     140,000         520,659   

Rock Field Co., Ltd.

     5,800         124,923   

S Foods, Inc.

     36,900         680,000   

Sakata Seed Corp.

     5,300         86,400   

Showa Sangyo Co., Ltd.

     158,000         608,680   

Starzen Co., Ltd.

     101,000         320,876   

Warabeya Nichiyo Co., Ltd.

     1,700         31,668   
     

 

 

 
Total Food Products               13,051,357   
Gas Utilities – 0.2%      

Saibu Gas Co., Ltd.(a)

     180,362         406,068   

Shizuoka Gas Co., Ltd.

     47,592         315,891   
     

 

 

 
Total Gas Utilities               721,959   
Health Care Equipment & Supplies – 1.4%      

Eiken Chemical Co., Ltd.(a)

     12,235         200,984   

Hogy Medical Co., Ltd.(a)

     8,900         437,857   

Nagaileben Co., Ltd.

     24,526         448,493   

Nihon Kohden Corp.

     41,166         1,124,191   

Nikkiso Co., Ltd.(a)

     29,100         260,850   

Nipro Corp.

     141,300         1,349,081   

Paramount Bed Holdings Co., Ltd.

     5,021         132,930   
     

 

 

 
Total Health Care Equipment & Supplies               3,954,386   
Health Care Providers & Services – 0.6%      

As One Corp.

     2,000         60,621   

BML, Inc.

     10,900         309,935   

Message Co., Ltd.(a)

     3,400         102,773   

Nichii Gakkan Co.(a)

     52,400         462,282   

Ship Healthcare Holdings, Inc.

     13,107         299,573   

Toho Holdings Co., Ltd.(a)

     18,200         308,076   

Vital KSK Holdings, Inc.(a)

     38,684         295,150   
     

 

 

 
Total Health Care Providers & Services               1,838,410   
Hotels, Restaurants & Leisure – 3.1%      

Accordia Golf Co., Ltd.

     129,000         1,240,250   

Doutor Nichires Holdings Co., Ltd.(a)

     35,053         587,797   

Fuji Kyuko Co., Ltd.(a)

     27,402         258,425   

Hiramatsu, Inc.

     17,400         92,133   

Ichibanya Co., Ltd.(a)

     6,918         308,044   

Kyoritsu Maintenance Co., Ltd.(a)

     8,190         392,683   

MOS Food Services, Inc.(a)

     14,300         303,946   

Ohsho Food Service Corp.(a)

     3,900         139,350   

PGM Holdings K.K.(a)

     17,100         186,934   

Plenus Co., Ltd.

     42,668         793,410   

Resorttrust, Inc.(a)

     54,708         1,427,859   

Round One Corp.(a)

     72,837         413,608   

Royal Holdings Co., Ltd.(a)

     5,600         105,019   

Saizeriya Co., Ltd.

     29,000         561,501   

St. Marc Holdings Co., Ltd.

     16,318         555,839   

Tokyo Dome Corp.

     53,000         225,391   

Tokyotokeiba Co., Ltd.(a)

     97,424       242,088   

Yoshinoya Holdings Co., Ltd.(a)

     20,200         220,486   

Zensho Holdings Co., Ltd.(a)

     75,019         727,514   
     

 

 

 
Total Hotels, Restaurants & Leisure               8,782,277   
Household Durables – 2.2%      

Cleanup Corp.

     33,000         257,286   

Foster Electric Co., Ltd.(a)

     23,000         575,360   

Fuji Corp., Ltd.(a)

     58,200         322,241   

Fujitsu General Ltd.

     41,000         538,803   

Haseko Corp.

     16,600         162,228   

Higashi Nihon House Co., Ltd.(a)

     50,800         231,285   

Misawa Homes Co., Ltd.(a)

     17,200         150,164   

PanaHome Corp.

     104,177         722,746   

Pressance Corp.

     8,500         270,398   

Sangetsu Co., Ltd.

     48,800         739,375   

Starts Corp., Inc.

     12,500         190,431   

Sumitomo Forestry Co., Ltd.

     68,800         753,257   

Tama Home Co., Ltd.(a)

     73,800         358,154   

Tamron Co., Ltd.

     14,666         316,372   

TOA Corp.

     20,452         197,656   

Token Corp.

     7,570         381,262   

West Holdings Corp.(a)

     12,200         107,834   
     

 

 

 
Total Household Durables               6,274,852   
Household Products – 1.1%      

Earth Chemical Co., Ltd.

     19,300         667,071   

Lion Corp.

     158,013         964,482   

Pigeon Corp.(a)

     19,494         1,643,397   
     

 

 

 
Total Household Products               3,274,950   
Industrial Conglomerates – 0.7%      

Keihan Electric Railway Co., Ltd.(a)

     199,000         1,214,659   

Nisshinbo Holdings, Inc.

     81,000         778,762   
     

 

 

 
Total Industrial Conglomerates               1,993,421   
Internet & Catalog Retail – 0.5%      

ASKUL Corp.(a)

     26,965         635,648   

Belluna Co., Ltd.

     47,584         233,307   

Ikyu Corp.(a)

     18,900         332,218   

Senshukai Co., Ltd.(a)

     33,776         245,029   
     

 

 

 
Total Internet & Catalog Retail               1,446,202   
Internet Software & Services – 1.3%      

Dena Co., Ltd.(a)

     104,890         2,056,255   

F@N Communications, Inc.(a)

     9,200         78,326   

GMO Internet, Inc.

     49,772         613,408   

Gree, Inc.(a)

     89,400         622,464   

Gurunavi, Inc.

     15,600         305,171   

Internet Initiative Japan, Inc.(a)

     3,500         58,107   
     

 

 

 
Total Internet Software & Services               3,733,731   
IT Services – 1.7%      

Bit-isle, Inc.(a)

     47,300         207,856   

DTS Corp.

     19,291         369,975   

Ines Corp.(a)

     27,410         207,760   

Information Services International-Dentsu Ltd.

     17,300         166,184   

 

See Notes to Financial Statements.

 

112   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

IT Holdings Corp.

     43,200       $ 789,974   

NEC Networks & System Integration Corp.

     28,479         574,211   

NET One Systems Co., Ltd.(a)

     141,258         965,867   

Nihon Unisys Ltd.

     68,600         652,107   

NS Solutions Corp.

     28,990         895,626   
     

 

 

 
Total IT Services               4,829,560   
Leisure Products – 1.2%      

Daikoku Denki Co., Ltd.(a)

     7,000         101,388   

Dunlop Sports Co., Ltd.

     18,486         186,980   

Fields Corp.(a)

     37,000         564,294   

Heiwa Corp.

     74,300         1,461,528   

Mizuno Corp.(a)

     99,616         519,988   

Tomy Co., Ltd.(a)

     24,200         144,080   

Universal Entertainment Corp.(a)

     31,800         519,990   
     

 

 

 
Total Leisure Products               3,498,248   
Life Sciences Tools & Services – 0.1%      

EPS Holdings Inc.

     16,300         192,868   
Machinery – 6.0%      

Aida Engineering Ltd.

     62,700         721,501   

Anest Iwata Corp.

     34,900         224,373   

Asahi Diamond Industrial Co., Ltd.

     15,800         181,155   

Bando Chemical Industries Ltd.

     67,787         262,839   

CKD Corp.

     28,541         267,977   

Daifuku Co., Ltd.

     25,904         343,011   

DMG Mori Seiki Co., Ltd.

     48,000         738,862   

Fujitec Co., Ltd.(a)

     47,061         460,701   

Furukawa Co., Ltd.(a)

     131,000         231,578   

Glory Ltd.

     19,300         539,129   

Harmonic Drive Systems, Inc.

     8,800         194,455   

Hitachi Koki Co., Ltd.

     53,027         432,883   

Hitachi Zosen Corp.(a)

     64,000         330,873   

Hosokawa Micron Corp.

     35,000         182,114   

Iseki & Co., Ltd.(a)

     121,000         232,062   

Japan Steel Works Ltd. (The)(a)

     157,524         663,328   

Kato Works Co., Ltd.

     12,000         81,251   

Kitz Corp.

     33,589         166,370   

Kobelco Eco-Solutions Co., Ltd.

     68,000         382,739   

Kyokuto Kaihatsu Kogyo Co., Ltd.

     22,380         253,985   

Makino Milling Machine Co., Ltd.(a)

     45,578         388,415   

Meidensha Corp.

     62,000         200,592   

Mitsuboshi Belting Co., Ltd.

     13,092         105,347   

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

     103,404         176,759   

Miura Co., Ltd.

     68,800         776,779   

Morita Holdings Corp.

     31,105         292,311   

Nachi-Fujikoshi Corp.

     80,000         438,941   

Nippon Sharyo Ltd.(a)

     74,438         213,522   

Nippon Thompson Co., Ltd.

     57,051         282,103   

Nitta Corp.

     14,400         392,645   

Noritake Co., Ltd.

     95,389         224,304   

Obara Group, Inc.(a)

     9,079         514,798   

Oiles Corp.(a)

     26,400         516,003   

OKUMA Corp.

     45,852         426,690   

OSG Corp.(a)

     44,400         866,341   

Ryobi Ltd.

     97,000       285,520   

Shima Seiki Manufacturing Ltd.

     20,300         347,009   

Shinmaywa Industries Ltd.

     53,685         570,760   

Sodick Co., Ltd.(a)

     39,400         432,028   

Star Micronics Co., Ltd.

     37,234         522,844   

Tadano Ltd.

     35,000         471,628   

Tocalo Co., Ltd.

     14,800         278,167   

Torishima Pump Manufacturing Co., Ltd.(a)

     3,300         24,325   

Toshiba Machine Co., Ltd.

     46,806         197,489   

Tsubakimoto Chain Co.

     71,228         594,532   

Tsugami Corp.

     41,000         262,906   

Union Tool Co.

     14,200         406,137   
     

 

 

 
Total Machinery               17,100,081   
Marine – 0.7%      

Iino Kaiun Kaisha Ltd.

     65,300         346,307   

Kawasaki Kisen Kaisha Ltd.(a)

     461,000         1,241,634   

NS United Kaiun Kaisha Ltd.(a)

     199,000         484,536   
     

 

 

 
Total Marine               2,072,477   
Media – 1.4%      

Avex Group Holdings, Inc.(a)

     34,899         557,860   

Daiichikosho Co., Ltd.

     26,400         821,113   

Gakken Holdings Co., Ltd.

     61,789         131,899   

Kadokawa Dwango*

     9,700         152,385   

OPT, Inc.(a)

     24,000         139,287   

SKY Perfect JSAT Holdings, Inc.

     237,900         1,479,870   

Toei Co., Ltd.

     53,313         396,986   

Zenrin Co., Ltd.(a)

     22,987         284,259   
     

 

 

 
Total Media               3,963,659   
Metals & Mining – 2.0%      

Aichi Steel Corp.

     115,000         547,551   

Asahi Holdings, Inc.

     34,100         584,896   

Daido Steel Co., Ltd.

     118,000         529,364   

Kurimoto Ltd.

     74,000         141,305   

Kyoei Steel Ltd.

     12,714         215,107   

Mitsubishi Steel Manufacturing Co., Ltd.

     152,000         320,667   

Mitsui Mining & Smelting Co., Ltd.

     161,000         367,847   

Neturen Co., Ltd.(a)

     39,200         290,915   

Nippon Denko Co., Ltd.

     73,341         176,129   

Nisshin Steel Co., Ltd.(a)

     30,728         385,109   

Nittetsu Mining Co., Ltd.

     80,000         296,852   

Sanyo Special Steel Co., Ltd.

     67,000         281,576   

Toho Zinc Co., Ltd.

     30,967         97,865   

Toyo Kohan Co., Ltd.

     82,105         375,865   

UACJ Corp.(a)

     210,632         583,113   

Yamato Kogyo Co., Ltd.

     21,700         525,468   
     

 

 

 
Total Metals & Mining               5,719,629   
Multiline Retail – 0.3%      

Fuji Co., Ltd.

     6,000         103,315   

H2O Retailing Corp.(a)

     36,300         685,288   

Parco Co., Ltd.

     12,300         114,769   
     

 

 

 
Total Multiline Retail               903,372   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      113   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 0.8%      

Cosmo Oil Co., Ltd.(a)

     203,000       $ 274,221   

Itochu Enex Co., Ltd.

     91,881         759,258   

Nippon Coke & Engineering Co., Ltd.

     205,873         195,702   

Nippon Gas Co., Ltd.

     20,400         505,216   

San-Ai Oil Co., Ltd.

     53,916         350,224   

Sinanen Co., Ltd.

     43,771         166,434   
     

 

 

 
Total Oil, Gas & Consumable Fuels               2,251,055   
Paper & Forest Products – 0.6%      

Daiken Corp.(a)

     82,560         186,565   

Daio Paper Corp.(a)

     20,478         175,879   

Hokuetsu Kishu Paper Co., Ltd.(a)

     84,632         379,671   

Nippon Paper Industries Co., Ltd.(a)

     52,700         793,631   

Tokushu Tokai Paper Co., Ltd.

     73,000         166,787   
     

 

 

 
Total Paper & Forest Products               1,702,533   
Personal Products – 1.1%      

Dr. Ci:Labo Co., Ltd.(a)

     10,800         377,786   

Kose Corp.

     19,904         1,100,384   

Mandom Corp.

     11,353         416,064   

Pola Orbis Holdings, Inc.

     26,306         1,397,283   
     

 

 

 
Total Personal Products               3,291,517   
Pharmaceuticals – 3.1%      

Fuso Pharmaceutical Industries Ltd.

     47,911         124,247   

JCR Pharmaceuticals Co., Ltd.(a)

     3,200         67,055   

Kaken Pharmaceutical Co., Ltd.

     62,261         1,806,698   

KYORIN Holdings, Inc.

     54,985         1,317,714   

Mochida Pharmaceutical Co., Ltd.

     12,411         816,534   

Nichi-iko Pharmaceutical Co., Ltd.

     28,800         664,735   

Nippon Shinyaku Co., Ltd.

     28,000         1,021,472   

Rohto Pharmaceutical Co., Ltd.

     27,500         391,661   

Sawai Pharmaceutical Co., Ltd.

     13,824         819,584   

Towa Pharmaceutical Co., Ltd.

     2,500         143,215   

Tsumura & Co.(a)

     56,100         1,389,811   

ZERIA Pharmaceutical Co., Ltd.(a)

     26,500         444,374   
     

 

 

 
Total Pharmaceuticals               9,007,100   
Professional Services – 1.1%      

en-japan, Inc.

     5,300         72,965   

Funai Soken Holdings, Inc.

     18,000         170,206   

Meitec Corp.

     40,700         1,366,000   

Nihon M&A Center, Inc.

     9,116         315,459   

Nomura Co., Ltd.

     26,900         254,364   

Pasco Corp.

     41,000         117,607   

Temp Holdings Co., Ltd.

     16,200         561,951   

Yumeshin Holdings Co., Ltd.(a)

     51,000         381,463   
     

 

 

 
Total Professional Services               3,240,015   
Real Estate Management & Development – 1.4%      

Airport Facilities Co., Ltd.

     55,719         313,151   

Daibiru Corp.

     44,900         464,257   

Daikyo, Inc.

     261,000         393,921   

Heiwa Real Estate Co., Ltd.

     15,768         221,942   

Jowa Holdings Co., Ltd.(a)

     16,800         648,605   

Relo Holdings, Inc.

     7,346         651,753   

Sumitomo Real Estate Sales Co., Ltd.

     19,100       520,004   

Sun Frontier Fudousan Co., Ltd.(a)

     9,700         89,458   

Takara Leben Co., Ltd.

     59,000         316,831   

TOC Co., Ltd.

     36,600         287,490   
     

 

 

 
Total Real Estate Management & Development               3,907,412   
Road & Rail – 2.5%      

Fukuyama Transporting Co., Ltd.(a)

     136,059         726,102   

Hitachi Transport System Ltd.

     50,500         765,132   

Ichinen Holdings Co., Ltd.

     23,800         214,135   

Maruzen Showa Unyu Co., Ltd.

     70,000         238,733   

Nankai Electric Railway Co., Ltd.

     138,000         570,757   

Nippon Konpo Unyu Soko Co., Ltd.

     52,060         914,224   

Nishi-Nippon Railroad Co., Ltd.

     141,000         647,830   

Sankyu, Inc.

     169,532         739,339   

Seino Holdings Co., Ltd.

     66,960         727,529   

Senko Co., Ltd.(a)

     99,156         644,917   

Sotetsu Holdings, Inc.

     190,000         882,468   
     

 

 

 
Total Road & Rail               7,071,166   
Semiconductors & Semiconductor Equipment – 1.5%   

Advantest Corp.(a)

     73,600         932,236   

Disco Corp.(a)

     8,800         901,097   

MegaChips Corp.

     16,000         185,716   

Mimasu Semiconductor Industry Co., Ltd.

     15,927         173,314   

Mitsui High-Tec, Inc.

     18,600         140,053   

Nuflare Technology, Inc.

     5,500         244,903   

Sanken Electric Co., Ltd.

     36,000         249,756   

SCREEN Holdings Co., Ltd.

     57,000         432,520   

Shindengen Electric Manufacturing Co., Ltd.

     54,000         270,169   

Shinko Electric Industries Co., Ltd.

     71,753         512,158   

Tokyo Seimitsu Co., Ltd.

     6,000         137,786   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         4,179,708   
Software – 1.1%      

Broadleaf Co., Ltd.

     12,800         250,610   

Capcom Co., Ltd.(a)

     53,513         1,066,021   

Marvelous, Inc.(a)

     14,000         196,006   

Miroku Jyoho Service Co., Ltd.

     21,600         123,737   

Square Enix Holdings Co., Ltd.

     57,600         1,235,813   

Systena Corp.

     24,600         184,205   
     

 

 

 
Total Software               3,056,392   
Specialty Retail – 5.8%      

Adastria Holdings Co., Ltd.(a)

     15,600         431,870   

Alpen Co., Ltd.(a)

     26,421         414,188   

AOKI Holdings, Inc.

     49,954         707,291   

Aoyama Trading Co., Ltd.

     42,900         1,400,488   

Arcland Sakamoto Co., Ltd.

     11,008         236,361   

Autobacs Seven Co., Ltd.(a)

     66,600         1,053,493   

Bic Camera, Inc.(a)

     66,400         692,099   

Chiyoda Co., Ltd.(a)

     23,291         525,735   

DCM Holdings Co., Ltd.

     105,145         789,081   

EDION Corp.(a)

     94,539         712,639   

Geo Holdings Corp.(a)

     71,300         754,469   

Gulliver International Co., Ltd.(a)

     47,560         392,615   

 

See Notes to Financial Statements.

 

114   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Honeys Co., Ltd.(a)

     41,440       $ 362,827   

Jin Co., Ltd.(a)

     7,900         274,367   

Joshin Denki Co., Ltd.

     30,000         238,399   

K’s Holdings Corp.(a)

     32,374         1,048,764   

Keiyo Co., Ltd.(a)

     69,220         330,732   

Kohnan Shoji Co., Ltd.(a)

     52,700         591,049   

Komeri Co., Ltd.

     12,937         305,396   

Nishimatsuya Chain Co., Ltd.

     44,700         394,724   

Pal Co., Ltd.

     17,100         487,655   

Right On Co., Ltd.(a)

     47,100         322,051   

Sanrio Co., Ltd.(a)

     63,042         1,690,057   

Shimachu Co., Ltd.

     14,164         374,400   

T-Gaia Corp.

     67,400         893,046   

United Arrows Ltd.(a)

     13,029         387,855   

VT Holdings Co., Ltd.(a)

     26,300         115,354   

Xebio Co., Ltd.(a)

     28,089         488,352   

Yellow Hat Ltd.

     13,000         278,374   
     

 

 

 
Total Specialty Retail               16,693,731   
Technology Hardware, Storage & Peripherals – 0.8%   

Elecom Co., Ltd.(a)

     3,000         62,414   

Riso Kagaku Corp.(a)

     37,000         610,882   

Roland DG Corp.

     6,300         170,732   

Toshiba TEC Corp.

     114,655         760,064   

Wacom Co., Ltd.(a)

     141,111         680,110   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         2,284,202   
Textiles, Apparel & Luxury Goods – 2.0%      

Daidoh Ltd.(a)

     47,600         204,014   

Descente Ltd.

     40,553         504,524   

Fujibo Holdings, Inc.

     52,000         129,648   

Gunze Ltd.

     127,834         342,170   

Japan Vilene Co., Ltd.

     53,000         262,514   

Japan Wool Textile Co., Ltd. (The)

     47,025         340,360   

Kurabo Industries Ltd.

     150,766         265,263   

Onward Holdings Co., Ltd.(a)

     151,433         1,058,169   

Sanyo Shokai Ltd.

     180,000         463,790   

Seiko Holdings Corp.(a)

     69,000         348,668   

Seiren Co., Ltd.(a)

     44,311         397,201   

Wacoal Holdings Corp.

     108,000         1,217,561   

Yondoshi Holdings, Inc.(a)

     13,500         258,236   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               5,792,118   
Trading Companies & Distributors – 3.7%      

Daiichi Jitsugyo Co., Ltd.

     44,000         221,605   

Emori Group Holdings Co., Ltd.(a)

     6,300         24,796   

Hanwa Co., Ltd.

     143,114         582,361   

Inaba Denki Sangyo Co., Ltd.

     29,494         1,069,826   

Inabata & Co., Ltd.

     62,741         626,756   

Iwatani Corp.(a)

     52,166         342,771   

Japan Pulp & Paper Co., Ltd.

     72,578         196,688   

Kamei Corp.

     33,400         244,251   

Kanamoto Co., Ltd.

     9,528         274,896   

Kanematsu Corp.

     139,000         202,835   

Kuroda Electric Co., Ltd.(a)

     24,365         390,490   

MISUMI Group, Inc.

     25,100         1,015,093   

Mitsui Matsushima Co., Ltd.

     138,000       149,594   

MonotaRO Co., Ltd.(a)

     3,600         130,882   

Nagase & Co., Ltd.

     67,604         886,730   

Nippon Steel & Sumikin Bussan Corp.

     127,000         439,483   

Onoken Co., Ltd.

     14,400         126,079   

Seika Corp.

     76,000         207,863   

Shinsho Corp.

     104,000         224,607   

Shoko Co., Ltd.

     113,000         140,396   

Sojitz Corp.(a)

     813,800         1,363,967   

Trusco Nakayama Corp.

     19,900         624,753   

Wakita & Co., Ltd.

     12,900         125,639   

Yamazen Corp.

     74,206         610,726   

Yuasa Trading Co., Ltd.

     19,000         398,140   
     

 

 

 
Total Trading Companies & Distributors               10,621,227   
Transportation Infrastructure – 0.6%      

Japan Airport Terminal Co., Ltd.(a)

     15,000         910,569   

Nissin Corp.

     69,000         176,060   

Sumitomo Warehouse Co., Ltd. (The)

     98,538         546,406   
     

 

 

 
Total Transportation Infrastructure               1,633,035   

TOTAL COMMON STOCKS

(Cost: $249,357,953)

              283,326,937   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree Japan Hedged Equity Fund(b)

     
(Cost: $265,465)      4,696         258,844   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 20.1%      
United States – 20.1%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $57,713,072)(d)      57,713,072         57,713,072   

TOTAL INVESTMENTS IN SECURITIES – 119.1%

(Cost: $307,336,490)

  

  

     341,298,853   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (19.1)%

        (54,648,273
     

 

 

 
NET ASSETS – 100.0%             $ 286,650,580   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $55,170,958 and the total market value of the collateral held by the Fund was $58,204,844. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $491,772. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      115   


Table of Contents

Schedule of Investments

WisdomTree Korea Hedged Equity Fund (DXKW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
South Korea – 99.1%      
Aerospace & Defense – 1.2%      

Korea Aerospace Industries Ltd.

     4,814       $ 244,725   
Air Freight & Logistics – 4.9%      

Hyundai Glovis Co., Ltd.

     4,657         948,652   
Airlines – 0.1%      

Korean Air Lines Co., Ltd.*

     330         14,441   
Auto Components – 11.0%      

Halla Visteon Climate Control Corp.

     9,799         339,160   

Hankook Tire Co., Ltd.

     16,945         692,646   

Hyundai Mobis Co., Ltd.

     3,627         805,855   

Kumho Tire Co., Inc.*

     18,778         154,191   

Nexen Tire Corp.

     13,512         158,327   
     

 

 

 
Total Auto Components               2,150,179   
Automobiles – 8.2%      

Hyundai Motor Co.

     5,281         802,063   

Kia Motors Corp.

     19,597         798,399   
     

 

 

 
Total Automobiles               1,600,462   
Biotechnology – 0.4%      

Medy-Tox, Inc.

     245         72,587   
Building Products – 0.6%      

LG Hausys Ltd.

     719         111,792   
Chemicals – 11.9%      

AK Holdings, Inc.

     1,432         126,750   

Hanwha Chemical Corp.

     7,700         101,329   

Hyosung Corp.

     6,761         528,351   

Kumho Petrochemical Co., Ltd.

     2,315         163,800   

LG Chem Ltd.

     5,217         1,062,726   

Lotte Chemical Corp.

     1,870         343,003   
     

 

 

 
Total Chemicals               2,325,959   
Construction & Engineering – 5.1%      

Hyundai Engineering & Construction Co., Ltd.

     17,361         788,674   

KEPCO Engineering & Construction Co., Inc.

     2,383         103,637   

Samsung Engineering Co., Ltd.*

     2,974         103,337   
     

 

 

 
Total Construction & Engineering               995,648   
Construction Materials – 0.6%      

Ssangyong Cement Industrial Co., Ltd.*

     8,371         122,609   
Electrical Equipment – 1.0%      

LS Corp.

     3,986         186,824   
Electronic Equipment, Instruments & Components – 7.5%   

LG Display Co., Ltd.

     28,467         803,116   

Samsung Electro-Mechanics Co., Ltd.

     9,420         652,934   
     

 

 

 
Total Electronic Equipment, Instruments & Components         1,456,050   
Food Products – 1.0%      

CJ CheilJedang Corp.

     569         193,864   
Household Durables – 3.9%      

LG Electronics, Inc.

     14,212         754,506   
Industrial Conglomerates – 5.3%      

CJ Corp.

     2,924       463,855   

Doosan Corp.

     2,114         221,985   

SK Holdings Co., Ltd.

     2,220         340,168   
     

 

 

 
Total Industrial Conglomerates               1,026,008   
Internet Software & Services – 3.2%      

NAVER Corp.

     1,045         632,020   
Machinery – 1.7%      

Doosan Infracore Co., Ltd.*

     7,137         76,552   

Samsung Heavy Industries Co., Ltd.

     15,813         257,267   
     

 

 

 
Total Machinery               333,819   
Media – 0.8%      

Cheil Worldwide, Inc.*

     7,093         153,758   
Metals & Mining – 11.2%      

Hyundai Hysco Co., Ltd.

     4,474         256,878   

Hyundai Steel Co.

     13,943         917,427   

POSCO

     4,588         1,011,101   
     

 

 

 
Total Metals & Mining               2,185,406   
Personal Products – 0.2%      

Cosmax, Inc.

     255         31,374   
Pharmaceuticals – 0.5%      

Celltrion, Inc.*

     280         17,641   

Hanmi Pharm Co., Ltd.*

     430         87,787   
     

 

 

 
Total Pharmaceuticals               105,428   
Semiconductors & Semiconductor Equipment – 4.5%   

Eo Technics Co., Ltd.

     480         55,336   

SK Hynix, Inc.

     19,882         816,283   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               871,619   
Software – 2.4%      

Com2uSCorp*

     581         100,809   

NCSoft Corp.

     1,850         302,650   

NHN Entertainment Corp.*

     1,064         68,475   
     

 

 

 
Total Software               471,934   
Technology Hardware, Storage & Peripherals – 8.9%      

Samsung Electronics Co., Ltd.

     1,337         1,736,551   
Textiles, Apparel & Luxury Goods – 1.4%      

Hansae Co., Ltd.

     2,380         89,670   

Youngone Corp.

     3,622         177,925   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               267,595   
Trading Companies & Distributors – 1.6%      

Daewoo International Corp.

     12,846         307,415   

TOTAL INVESTMENTS IN SECURITIES – 99.1%

(Cost: $19,556,392)

        19,301,225   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.9%

        168,890   
     

 

 

 
NET ASSETS – 100.0%             $ 19,470,115   
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

116   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
United Kingdom – 99.0%      
Aerospace & Defense – 3.3%      

BAE Systems PLC

     68,346       $ 531,142   

Cobham PLC

     14,317         64,653   

Meggitt PLC

     8,151         66,369   

QinetiQ Group PLC

     5,500         15,587   

Rolls-Royce Holdings PLC*

     15,461         218,731   

Senior PLC

     2,780         13,421   

Ultra Electronics Holdings PLC

     589         14,925   
     

 

 

 
Total Aerospace & Defense               924,828   
Airlines – 0.4%      

easyJet PLC

     3,882         108,456   
Auto Components – 0.3%      

GKN PLC

     14,967         79,676   
Banks – 9.3%      

Barclays PLC

     177,525         639,338   

HSBC Holdings PLC

     160,670         1,369,075   

Standard Chartered PLC

     39,804         646,139   
     

 

 

 
Total Banks               2,654,552   
Beverages – 2.8%      

Britvic PLC

     2,423         26,419   

Diageo PLC

     27,496         759,008   

SABMiller PLC

     212         11,141   
     

 

 

 
Total Beverages               796,568   
Biotechnology – 0.1%      

Abcam PLC

     1,631         11,755   

Genus PLC

     423         8,597   
     

 

 

 
Total Biotechnology               20,352   
Building Products – 0.1%      

James Halstead PLC

     3,123         15,299   
Capital Markets – 2.1%      

Aberdeen Asset Management PLC

     20,096         137,110   

ICAP PLC

     15,475         121,066   

Investec PLC

     8,607         71,680   

Man Group PLC

     37,496         113,441   

Schroders PLC

     2,176         103,369   

Schroders PLC Non-Voting Shares

     684         24,664   

Tullett Prebon PLC

     5,165         28,630   
     

 

 

 
Total Capital Markets               599,960   
Chemicals – 0.8%      

Alent PLC

     2,391         13,296   

Croda International PLC

     1,562         63,512   

Elementis PLC

     3,676         15,836   

Essentra PLC

     1,764         26,017   

Johnson Matthey PLC

     1,587         79,771   

Synthomer PLC

     3,610         16,527   

Victrex PLC

     937         26,081   
     

 

 

 
Total Chemicals               241,040   
Commercial Services & Supplies – 0.9%      

Aggreko PLC

     1,773       40,191   

APR Energy PLC(a)

     480         2,713   

Berendsen PLC

     2,132         35,353   

De La Rue PLC

     2,179         17,953   

G4S PLC

     22,301         97,927   

Homeserve PLC

     4,950         28,114   

Rentokil Initial PLC

     14,155         28,725   

RPS Group PLC

     2,833         9,475   
     

 

 

 
Total Commercial Services & Supplies               260,451   
Communications Equipment – 0.1%      

Pace PLC

     1,456         7,457   

Spirent Communications PLC

     5,683         7,361   
     

 

 

 
Total Communications Equipment               14,818   
Construction & Engineering – 0.4%      

Balfour Beatty PLC

     17,791         63,412   

Carillion PLC

     9,225         44,768   

Keller Group PLC

     769         10,828   
     

 

 

 
Total Construction & Engineering               119,008   
Containers & Packaging – 0.6%      

DS Smith PLC

     11,181         57,297   

Rexam PLC

     11,179         96,086   

RPC Group PLC

     1,701         14,646   
     

 

 

 
Total Containers & Packaging               168,029   
Distributors – 0.2%      

Inchcape PLC

     5,670         66,916   
Diversified Financial Services – 0.5%      

IG Group Holdings PLC

     6,133         64,551   

London Stock Exchange Group PLC

     1,916         69,941   
     

 

 

 
Total Diversified Financial Services               134,492   
Diversified Telecommunication Services – 2.4%      

BT Group PLC

     83,913         545,612   

Cable & Wireless Communications PLC

     50,559         45,746   

Inmarsat PLC

     7,275         99,952   
     

 

 

 
Total Diversified Telecommunication Services               691,310   
Electrical Equipment – 0.0%      

HellermannTyton Group PLC

     1,730         8,585   
Electronic Equipment, Instruments & Components – 0.6%   

Domino Printing Sciences PLC

     1,368         18,988   

Electrocomponents PLC

     7,384         26,472   

Halma PLC

     2,711         28,111   

Laird PLC

     4,747         23,671   

Oxford Instruments PLC

     280         3,477   

Premier Farnell PLC

     7,595         20,858   

Renishaw PLC

     682         24,724   

Spectris PLC

     897         28,762   
     

 

 

 
Total Electronic Equipment, Instruments & Components         175,063   
Energy Equipment & Services – 0.3%      

Amec Foster Wheeler PLC

     4,356         58,554   

Hunting PLC

     1,211         8,814   

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      117   


Table of Contents

Schedule of Investments (continued)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

John Wood Group PLC

     2,533       $ 23,878   
     

 

 

 
Total Energy Equipment & Services               91,246   
Food Products – 3.5%      

Associated British Foods PLC

     3,607         150,893   

Tate & Lyle PLC

     8,106         71,899   

Unilever PLC

     18,703         781,574   
     

 

 

 
Total Food Products               1,004,366   
Health Care Equipment & Supplies – 0.3%      

Smith & Nephew PLC

     5,741         97,498   
Health Care Providers & Services – 0.1%      

Al Noor Hospitals Group PLC

     353         5,324   

NMC Health PLC

     743         7,329   

Synergy Health PLC

     382         13,185   
     

 

 

 
Total Health Care Providers & Services               25,838   
Hotels, Restaurants & Leisure – 2.1%      

Betfair Group PLC

     601         19,941   

Carnival PLC

     2,326         113,809   

Compass Group PLC

     18,210         316,824   

InterContinental Hotels Group PLC

     2,036         79,611   

Ladbrokes PLC

     23,774         36,810   

Millennium & Copthorne Hotels PLC

     3,203         27,293   
     

 

 

 
Total Hotels, Restaurants & Leisure               594,288   
Household Products – 2.6%      

PZ Cussons PLC

     3,538         17,989   

Reckitt Benckiser Group PLC

     8,264         711,539   
     

 

 

 
Total Household Products               729,528   
Industrial Conglomerates – 0.3%      

Smiths Group PLC

     5,210         86,469   
Insurance – 5.7%      

Amlin PLC

     11,635         87,311   

Aviva PLC

     36,162         289,886   

Jardine Lloyd Thompson Group PLC

     2,461         38,251   

Old Mutual PLC

     85,846         283,041   

Prudential PLC

     27,032         670,957   

Standard Life PLC

     33,582         237,098   
     

 

 

 
Total Insurance               1,606,544   
Internet Software & Services – 0.0%      

Telecity Group PLC

     1,037         13,470   
IT Services – 0.1%      

Computacenter PLC

     1,401         14,205   
Machinery – 0.9%      

Bodycote PLC

     1,360         14,516   

Fenner PLC

     2,833         8,485   

IMI PLC

     2,670         50,536   

Melrose Industries PLC

     11,763         48,457   

Morgan Advanced Materials PLC

     3,296         16,660   

Rotork PLC

     710         26,118   

Spirax-Sarco Engineering PLC

     611         30,930   

Vesuvius PLC

     3,736         27,237   

Weir Group PLC (The)

     1,359       34,317   
     

 

 

 
Total Machinery               257,256   
Media – 2.2%      

Daily Mail & General Trust PLC Class A Non-Voting Shares

     3,224         42,332   

Euromoney Institutional Investor PLC

     973         16,178   

Pearson PLC

     14,878         320,474   

Reed Elsevier PLC

     13,685         235,455   
     

 

 

 
Total Media               614,439   
Metals & Mining – 8.8%      

Acacia Mining PLC

     1,114         4,333   

Anglo American PLC

     21,229         318,926   

Antofagasta PLC

     28,607         311,072   

BHP Billiton PLC

     34,071         745,273   

Evraz PLC

     23,802         66,322   

Ferrexpo PLC

     7,218         6,751   

Fresnillo PLC(a)

     2,512         25,451   

Rio Tinto PLC

     23,816         980,037   

Vedanta Resources PLC(a)

     3,794         28,161   
     

 

 

 
Total Metals & Mining               2,486,326   
Multi-Utilities – 5.2%      

Centrica PLC

     114,904         431,555   

National Grid PLC

     82,270         1,056,057   
     

 

 

 
Total Multi-Utilities               1,487,612   
Oil, Gas & Consumable Fuels – 14.2%      

BG Group PLC

     21,256         261,587   

BP PLC

     195,155         1,265,154   

James Fisher & Sons PLC

     398         7,734   

Royal Dutch Shell PLC Class A

     41,772         1,245,173   

Royal Dutch Shell PLC Class B

     39,889         1,242,928   
     

 

 

 
Total Oil, Gas & Consumable Fuels               4,022,576   
Paper & Forest Products – 0.3%      

Mondi PLC

     4,347         83,762   
Pharmaceuticals – 10.1%      

AstraZeneca PLC

     20,718         1,422,921   

Dechra Pharmaceuticals PLC

     699         10,449   

GlaxoSmithKline PLC

     61,704         1,416,131   

Hikma Pharmaceuticals PLC

     796         25,170   
     

 

 

 
Total Pharmaceuticals               2,874,671   
Professional Services – 0.4%      

Hays PLC

     10,913         24,722   

Intertek Group PLC

     1,061         39,345   

Michael Page International PLC

     3,414         26,430   

WS Atkins PLC

     1,094         20,739   
     

 

 

 
Total Professional Services               111,236   
Real Estate Investment Trusts (REITs) – 0.6%      

Hammerson PLC

     9,066         89,499   

Segro PLC

     12,180         75,381   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               164,880   

 

See Notes to Financial Statements.

 

118   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Real Estate Management & Development – 0.0%      

Savills PLC

     764       $ 9,209   
Road & Rail – 0.2%      

National Express Group PLC

     7,898         33,263   

Northgate PLC

     1,143         10,028   
     

 

 

 
Total Road & Rail               43,291   
Semiconductors & Semiconductor Equipment – 0.3%      

ARM Holdings PLC

     3,807         62,449   

CSR PLC

     994         12,889   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         75,338   
Software – 0.5%      

Aveva Group PLC

     325         7,140   

Fidessa Group PLC

     534         17,488   

Micro Focus International PLC

     1,675         29,366   

Sage Group PLC (The)

     14,208         98,435   
     

 

 

 
Total Software               152,429   
Specialty Retail – 0.6%      

Dixons Carphone PLC

     3,754         22,999   

Kingfisher PLC

     27,079         152,997   
     

 

 

 
Total Specialty Retail               175,996   
Technology Hardware, Storage & Peripherals – 0.0%      

Xaar PLC

     313         1,914   
Textiles, Apparel & Luxury Goods – 0.4%      

Burberry Group PLC

     3,857         99,226   

Ted Baker PLC

     309         11,468   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               110,694   
Tobacco – 8.0%      

British American Tobacco PLC

     28,134         1,456,970   

Imperial Tobacco Group PLC

     18,706         822,798   
     

 

 

 
Total Tobacco               2,279,768   
Trading Companies & Distributors – 0.5%      

Ashtead Group PLC

     1,894         30,478   

Brammer PLC

     969         5,754   

Bunzl PLC

     2,815         76,515   

Diploma PLC

     1,301         15,480   

SIG PLC

     4,244         12,789   
     

 

 

 
Total Trading Companies & Distributors               141,016   
Transportation Infrastructure – 0.1%      

BBA Aviation PLC

     6,012         30,041   
Wireless Telecommunication Services – 5.8%      

Vodafone Group PLC

     507,833         1,661,925   
TOTAL COMMON STOCKS
(Cost: $30,159,289)
              28,127,234   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%      
United States – 0.2%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $44,109)(c)      44,109       44,109   
TOTAL INVESTMENTS IN SECURITIES – 99.2%
(Cost: $30,203,398)
        28,171,343   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.8%

        235,797   
     

 

 

 
NET ASSETS – 100.0%             $ 28,407,140   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $41,835 and the total market value of the collateral held by the Fund was $44,109. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      119   


Table of Contents

Statements of Assets and Liabilities

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2015

 

  

 

 

     

WisdomTree

Australia

Dividend Fund

    

WisdomTree

DEFA Equity

Income Fund

    

WisdomTree

DEFA Fund

    

WisdomTree

Europe
Dividend

Growth Fund

    

WisdomTree

Europe

Hedged Equity

Fund

 

ASSETS:

              

Investments, at cost

   $ 57,993,043       $ 348,855,671       $ 617,587,548       $ 12,738,175       $ 17,968,170,405   

Investment in affiliates, at cost (Note 7)

             413,073         1,934,975                   

Foreign currency, at cost

     68,004         418,842         1,012,020         4,498         10,838,049   

Investments in securities, at value (including securities on loan) (Note 2)1

     56,611,781         365,802,070         693,810,563         11,665,554         18,250,988,252   

Investment in affiliates, at value (Note 7)

             409,180         1,935,496                   

Cash

     28,569         342         13,969         161         153,583,635   

Foreign currency, at value

     67,637         417,740         1,007,036         4,485         10,685,734   

Unrealized appreciation on forward foreign currency contracts

             4,776         8,895         5         588,401,414   

Receivables:

              

Capital shares sold

                     5,166,634         64,098         288,566,201   

Dividends and interest

     405,751         1,452,882         2,616,462         20,948         5,435,809   

Foreign tax reclaims

             351,897         930,319         9,859         584,249   

Investment securities sold

             253,297         756,187         1,290           

Total Assets

     57,113,738         368,692,184         706,245,561         11,766,400         19,298,245,294   

LIABILITIES:

              

Unrealized depreciation on forward foreign currency contracts

                     76         3         31,157,980   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     8,277,443         30,542,908         54,527,660         108,251         858,250,696   

Investment securities purchased

     174,395         361,187         5,623,575         62,329         856,853,397   

Advisory fees (Note 3)

     23,674         166,750         259,577         5,196         7,442,076   

Service fees (Note 2)

     180         1,268         2,388         39         56,457   

Total Liabilities

     8,475,692         31,072,113         60,413,276         175,818         1,753,760,606   

NET ASSETS

   $ 48,638,046       $ 337,620,071       $ 645,832,285       $ 11,590,582       $ 17,544,484,688   

NET ASSETS:

              

Paid-in capital

   $ 70,641,224       $ 413,021,887       $ 815,320,764       $ 12,694,365       $ 16,070,649,615   

Undistributed net investment income

     127,605         1,043,346         2,127,485         21,498         24,551,126   

Accumulated net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     (20,742,350      (93,359,021      (247,783,590      (51,775      609,518,494   

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (1,388,433      16,913,859         76,167,626         (1,073,506      839,765,453   

NET ASSETS

   $ 48,638,046       $ 337,620,071       $ 645,832,285       $ 11,590,582       $ 17,544,484,688   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     900,000         7,800,000         12,500,000         500,000         265,200,000   

Net asset value per share

   $ 54.04       $ 43.28       $ 51.67       $ 23.18       $ 66.16   
1 

Market value of securities out on loan were as follows: $7,886,415, $30,735,346, $54,207,089, $123,854 and $836,848,771, respectively.

 

See Notes to Financial Statements.

 

120   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2015

 

  

 

 

     

WisdomTree

Europe Hedged

SmallCap
Equity Fund

    

WisdomTree

Europe
SmallCap
Dividend Fund

    

WisdomTree

Germany
Hedged Equity
Fund

     WisdomTree
International
Dividend
ex-Financials
Fund
     WisdomTree
International
Hedged Dividend
Growth Fund
 

ASSETS:

              

Investments, at cost

   $ 125,655,346       $ 1,004,887,255       $ 291,405,013       $ 341,744,968       $ 209,299,762   

Investment in affiliates, at cost (Note 7)

             917,431                 229,157           

Foreign currency, at cost

     20,383         398,603         96,010         321,891         239,964   

Investments in securities, at value (including securities on loan) (Note 2)1

     126,434,254         936,391,851         296,162,069         334,538,882         209,573,138   

Investment in affiliates, at value (Note 7)

             940,186                 217,173           

Cash

     4,666,579         4,407,542         8,740,010         2,578         2,355,249   

Foreign currency, at value

     20,214         398,589         95,212         319,927         239,715   

Unrealized appreciation on forward foreign currency contracts

     1,149,816         8,290         4,996,866                 4,441,151   

Receivables:

              

Capital shares sold

             719,692                           

Dividends and interest

     357,498         3,205,212         5,149         1,130,953         393,130   

Investment securities sold

             1,647,654                         33,525   

Foreign tax reclaims

     3,352         446,552         8,438         426,335         65,090   

Total Assets

     132,631,713         948,165,568         310,007,744         336,635,848         217,100,998   

LIABILITIES:

              

Unrealized depreciation on forward foreign currency contracts

     597,726         8,384         1,437,692         125         398,044   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     1,436,405         90,144,093         5,574,643         12,392,192         5,100,775   

Investment securities purchased

     4,737,714         3,738,670         11,102,019                 5,070,151   

Advisory fees (Note 3)

     30,533         397,004         76,897         159,797         78,962   

Service fees (Note 2)

     232         3,017         705         1,214         599   

Total Liabilities

     6,802,610         94,291,168         18,191,956         12,553,328         10,648,531   

NET ASSETS

   $ 125,829,103       $ 853,874,400       $ 291,815,788       $ 324,082,520       $ 206,452,467   

NET ASSETS:

              

Paid-in capital

   $ 124,121,861       $ 987,643,680       $ 280,760,701       $ 477,306,728       $ 200,056,025   

Undistributed net investment income

     361,991         4,634,978         45,782         799,832         447,698   

Accumulated net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     18,687         (69,837,160      2,695,477         (146,751,257      1,634,876   

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     1,326,564         (68,567,098      8,313,828         (7,272,783      4,313,868   

NET ASSETS

   $ 125,829,103       $ 853,874,400       $ 291,815,788       $ 324,082,520       $ 206,452,467   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     4,850,004         15,350,000         9,300,000         7,400,000         7,650,000   

Net asset value per share

   $ 25.94       $ 55.63       $ 31.38       $ 43.79       $ 26.99   
1 

Market value of securities out on loan were as follows: $2,573,225, $91,707,559, $5,644,483, $13,466,847 and $5,145,269, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      121   


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2015

 

  

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
SmallCap
Dividend Fund
     WisdomTree
Japan Hedged
Capital Goods
Fund
     WisdomTree
Japan Hedged
Equity Fund
 

ASSETS:

              

Investments, at cost

   $ 342,361,851       $ 156,346,619       $ 1,007,638,478       $ 3,391,448       $ 16,377,807,154   

Investment in affiliates, at cost (Note 7)

     528,639         581,666         6,590,516                   

Foreign currency, at cost

     264,057         171,129         3,666,031         1,383         16,404,953   

Investments in securities, at value (including securities on loan) (Note 2)1

     375,427,603         179,114,734         1,064,103,582         3,381,058         17,468,143,207   

Investment in affiliates, at value (Note 7)

     531,164         572,114         6,665,956                   

Cash

     74,509         237,476         22,797         12         19,612,802   

Foreign currency, at value

     263,503         169,532         3,660,453         1,383         16,404,953   

Unrealized appreciation on forward foreign currency contracts

     17                 8,573         6,925         53,243,359   

Receivables:

              

Dividends and interest

     1,412,744         596,952         5,629,985         20,033         125,001,829   

Capital shares sold

             2,932,307         11,842,132                 38,609,280   

Foreign tax reclaims

     542,292         106,923         333,508                 6,360,227   

Investment securities sold

     97         33,812         2,333,524                 2,208,014   

Total Assets

     378,251,929         183,763,850         1,094,600,510         3,409,411         17,729,583,671   

LIABILITIES:

              

Unrealized depreciation on forward foreign currency contracts

     846         33         514         214         14,680,041   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     22,382,638         25,308,980         161,117,220         631,865         1,832,292,482   

Investment securities purchased

     451,061         2,967,605         15,261,317                 69,447,398   

Advisory fees (Note 3)

     143,045         72,861         440,559         623         6,256,220   

Service fees (Note 2)

     1,313         554         3,356         6         57,349   

Total Liabilities

     22,978,903         28,350,033         176,822,966         632,708         1,922,733,490   

NET ASSETS

   $ 355,273,026       $ 155,413,817       $ 917,777,544       $ 2,776,703       $ 15,806,850,181   

NET ASSETS:

              

Paid-in capital

   $ 386,771,255       $ 215,873,444       $ 1,089,488,767       $ 2,696,033       $ 14,108,639,468   

Undistributed net investment income

     945,301         539,941         6,109,280         19,455         111,129,937   

Accumulated net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     (65,474,296      (83,744,678      (234,271,621      65,044         460,003,327   

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     33,030,766         22,745,110         56,451,118         (3,829      1,127,077,449   

NET ASSETS

   $ 355,273,026       $ 155,413,817       $ 917,777,544       $ 2,776,703       $ 15,806,850,181   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     7,300,000         2,650,000         15,500,000         100,000         287,250,000   

Net asset value per share

   $ 48.67       $ 58.65       $ 59.21       $ 27.77       $ 55.03   
1 

Market value of securities out on loan were as follows: $21,432,994, $25,467,961, $157,008,077, $615,549 and $1,752,022,320, respectively.

 

See Notes to Financial Statements.

 

122   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2015

 

  

 

 

      WisdomTree
Japan Hedged
Financials
Fund
     WisdomTree
Japan Hedged
Health Care
Fund
     WisdomTree
Japan Hedged
Real Estate
Fund
     WisdomTree
Japan Hedged
SmallCap
Equity Fund
     WisdomTree
Japan Hedged
Tech, Media
and Telecom
Fund
 

ASSETS:

              

Investments, at cost

   $ 9,118,272       $ 3,606,952       $ 39,800,514       $ 133,691,593       $ 5,108,241   

Foreign currency, at cost

             3,705         10,372         23,846         11,864   

Investments in securities, at value (including securities on loan) (Note 2)1

     9,244,244         3,889,236         39,816,388         137,787,927         5,440,501   

Cash

     15,829         693         9,067         43,960         781   

Foreign currency, at value

             3,705         10,311         23,846         11,864   

Unrealized appreciation on forward foreign currency contracts

     18,873         5,222         129,292         485,111         15,151   

Receivables:

              

Capital shares sold

     1,336,296                         10,094,344           

Investment securities sold

                     4,096,031         480,170           

Dividends and interest

     66,323         18,443         217,325         947,085         24,757   

Foreign tax reclaims

                     476         8,657           

Total Assets

     10,681,565         3,917,299         44,278,890         149,871,100         5,493,054   

LIABILITIES:

              

Unrealized depreciation on forward foreign currency contracts

     14,541         4,079         2,474         8,624         338   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     1,418,569         811,790         8,079,140         21,229,844         1,044,602   

Investment securities purchased

     1,359,599                         10,823,208         14,754   

Capital shares redeemed

                     4,204,608                   

Advisory fees (Note 3)

     2,293         708         13,117         46,976         1,598   

Service fees (Note 2)

     23         7         134         356         16   

Total Liabilities

     2,795,025         816,584         12,299,473         32,109,008         1,061,308   

NET ASSETS

   $ 7,886,540       $ 3,100,715       $ 31,979,417       $ 117,762,092       $ 4,431,746   

NET ASSETS:

              

Paid-in capital

   $ 7,691,740       $ 2,728,454       $ 30,938,987       $ 108,387,665       $ 3,880,395   

Undistributed net investment income

     60,576         15,669         191,039         843,781         75,567   

Accumulated net realized gain on investments, forward foreign currency contracts and foreign currency related transactions

     4,418         73,302         708,882         3,966,312         128,825   

Net unrealized appreciation on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     129,806         283,290         140,509         4,564,334         346,959   

NET ASSETS

   $ 7,886,540       $ 3,100,715       $ 31,979,417       $ 117,762,092       $ 4,431,746   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     300,000         100,000         1,150,000         3,500,000         150,000   

Net asset value per share

   $ 26.29       $ 31.01       $ 27.81       $ 33.65       $ 29.54   
1 

Market value of securities out on loan were as follows: $1,351,270, $772,592, $7,683,277, $20,458,147 and $1,019,263, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      123   


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2015

 

  

 

 

      WisdomTree
Japan SmallCap
Dividend Fund
     WisdomTree
Korea Hedged
Equity Fund
     WisdomTree
United Kingdom
Hedged Equity
Fund
 

ASSETS:

        

Investments, at cost

   $ 307,071,025       $ 19,556,392       $ 30,203,398   

Investment in affiliates, at cost (Note 7)

     265,465                   

Foreign currency, at cost

     250,428         23,301         19,622   

Investments in securities, at value (including securities on loan) (Note 2)1

     341,040,009         19,301,225         28,171,343   

Investment in affiliates, at value (Note 7)

     258,844                   

Cash

     33,818         8,861         27,905   

Foreign currency, at value

     250,432         23,055         19,667   

Unrealized appreciation on forward foreign currency contracts

             136,143         1,021,904   

Receivables:

        

Dividends and interest

     2,524,918         103,338         168,005   

Capital shares sold

                     2,606,396   

Investment securities sold

     1,586,861                 38,932   

Foreign tax reclaims

     135,403                 175   

Total Assets

     345,830,285         19,572,622         32,054,327   

LIABILITIES:

        

Unrealized depreciation on forward foreign currency contracts

     312         18,185         5,901   

Payables:

        

Investment of cash collateral for securities loaned (Note 2)

     57,713,072                 44,109   

Investment securities purchased

     1,324,677         74,832         3,586,446   

Advisory fees (Note 3)

     140,577         9,419         10,634   

Service fees (Note 2)

     1,067         71         97   

Total Liabilities

     59,179,705         102,507         3,647,187   

NET ASSETS

   $ 286,650,580       $ 19,470,115       $ 28,407,140   

NET ASSETS:

        

Paid-in capital

   $ 289,179,069       $ 20,053,232       $ 30,109,846   

Undistributed net investment income

     2,130,343         3,082         119,088   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (38,579,773      (447,643      (804,789

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     33,920,941         (138,556      (1,017,005

NET ASSETS

   $ 286,650,580       $ 19,470,115       $ 28,407,140   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     5,300,000         900,000         1,100,000   

Net asset value per share

   $ 54.09       $ 21.63       $ 25.82   
1 

Market value of securities out on loan were as follows: $55,170,958, $0 and $41,835, respectively.

 

See Notes to Financial Statements.

 

124   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Operations

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year or Period Ended March 31, 2015

 

  

 

 

      WisdomTree
Australia
Dividend Fund
     WisdomTree
DEFA Equity
Income Fund
     WisdomTree
DEFA Fund
     WisdomTree
Europe
Dividend
Growth  Fund1
     WisdomTree
Europe
Hedged Equity
Fund
 

INVESTMENT INCOME:

              

Dividends2

   $ 2,384,436       $ 15,281,221       $ 23,715,059       $ 262,109       $ 108,624,594   

Dividends from affiliates (Note 7)

             41,093         62,227                   

Securities lending income (Note 2)

     38,007         398,059         612,911         5,607         5,011,213   

Total investment income

     2,422,443         15,720,373         24,390,197         267,716         113,635,807   

EXPENSES:

              

Advisory fees (Note 3)

     300,516         1,887,871         2,845,405         66,525         26,364,491   

Service fees (Note 2)

     2,279         14,322         26,083         504         200,007   

Proxy fees (Note 2)

     3,159         10,237         20,131                 31,254   

Total expenses

     305,954         1,912,430         2,891,619         67,029         26,595,752   

Expense waivers (Note 3)

             (1,542      (3,357                

Net expenses

     305,954         1,910,888         2,888,262         67,029         26,595,752   

Net investment income

     2,116,489         13,809,485         21,501,935         200,687         87,040,055   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     1,489,441         659,258         (3,185,458      (51,720      (53,486,902

Investment transactions in affiliates (Note 7)

             (64,890      (127,377                

In-kind redemptions

     628,031                         (167,701      12,944,903   

Forward foreign currency contracts and foreign currency related transactions

     (44,226      (174,911      (266,901      (4,452      903,510,027   

Net realized gain (loss)

     2,073,246         419,457         (3,579,736      (223,873      862,968,028   

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     (8,807,167      (33,597,008      (27,083,396      (1,072,621      191,855,063   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (22,145      (56,679      (120,524      (885      554,930,793   

Net change in unrealized appreciation (depreciation)

     (8,829,312      (33,653,687      (27,203,920      (1,073,506      746,785,856   

Net realized and unrealized gain (loss) on investments

     (6,756,066      (33,234,230      (30,783,656      (1,297,379      1,609,753,884   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ (4,639,577    $ (19,424,745    $ (9,281,721    $ (1,096,692    $ 1,696,793,939   
1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

2 

Net of foreign withholding tax of $24,816, $1,182,266, $1,939,049, $32,985 and $12,788,408, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      125   


Table of Contents

Statements of Operations (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year or Period Ended March 31, 2015

 

  

 

 

      WisdomTree
Europe Hedged
SmallCap
Equity Fund2
     WisdomTree
Europe
SmallCap
Dividend Fund
     WisdomTree
Germany
Hedged Equity
Fund
     WisdomTree
International
Dividend
ex-Financials
Fund
     WisdomTree
International
Hedged Dividend
Growth Fund1
 

INVESTMENT INCOME:

              

Dividends3

   $ 390,724       $ 43,666,642       $ 313,764       $ 17,185,325       $ 1,157,761   

Dividends from affiliates (Note 7)

             78,485                 79,912           

Securities lending income (Note 2)

     1,702         1,405,853         21,748         555,033         10,393   

Total investment income

     392,426         45,150,980         335,512         17,820,270         1,168,154   

EXPENSES:

              

Advisory fees (Note 3)

     30,533         6,574,285         155,933         2,144,256         151,453   

Service fees (Note 2)

     232         49,874         1,429         16,267         1,149   

Proxy fees (Note 2)

             42,881         402         14,634           

Total expenses

     30,765         6,667,040         157,764         2,175,157         152,602   

Expense waivers (Note 3)

             (2,230              (8,080        

Net expenses

     30,765         6,664,810         157,764         2,167,077         152,602   

Net investment income

     361,661         38,486,170         177,748         15,653,193         1,015,552   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     18,429         (51,930,537      (249,717      22,286,719         (92,392

Investment transactions in affiliates (Note 7)

             14,893                 (212,745        

In-kind redemptions

             54,142,316                 2,928,916           

In-kind redemptions in affiliates (Note 7)

             10,214                 (11,581        

Forward foreign currency contracts and foreign currency related transactions

     588         (198,619      4,224,655         (173,144      1,954,233   

Net realized gain

     19,017         2,038,267         3,974,938         24,818,165         1,861,841   

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     778,908         (212,615,535      4,154,068         (73,046,198      273,376   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     547,656         (99,254      3,537,068         (78,151      4,040,492   

Net change in unrealized appreciation (depreciation)

     1,326,564         (212,714,789      7,691,136         (73,124,349      4,313,868   

Net realized and unrealized gain (loss) on investments

     1,345,581         (210,676,522      11,666,074         (48,306,184      6,175,709   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,707,242       $ (172,190,352    $ 11,843,822       $ (32,652,991    $ 7,191,261   
1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

3 

Net of foreign withholding tax of $67,601, $5,260,596, $49,698, $1,704,895 and $87,948, respectively.

 

See Notes to Financial Statements.

 

126   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Operations (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year or Period Ended March 31, 2015

 

  

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
SmallCap
Dividend Fund
     WisdomTree
Japan Hedged
Capital Goods
Fund1
     WisdomTree
Japan Hedged
Equity Fund
 

INVESTMENT INCOME:

              

Dividends2

   $ 13,999,476       $ 5,092,637       $ 33,420,301       $ 40,957       $ 260,961,006   

Dividends from affiliates (Note 7)

     20,074         14,914         81,261                   

Securities lending income (Note 2)

     318,565         219,933         1,146,966         428         2,614,081   

Total investment income

     14,338,115         5,327,484         34,648,528         41,385         263,575,087   

EXPENSES:

              

Advisory fees (Note 3)

     1,635,376         840,337         5,359,065         10,438         55,027,143   

Service fees (Note 2)

     14,991         6,375         40,655         96         504,415   

Proxy fees (Note 2)

     11,652         6,658         35,872                 413,911   

Total expenses

     1,662,019         853,370         5,435,592         10,534         55,945,469   

Expense waivers (Note 3)

     (1,265      (457      (7,623      (1,087        

Net expenses

     1,660,754         852,913         5,427,969         9,447         55,945,469   

Net investment income

     12,677,361         4,474,571         29,220,559         31,938         207,629,618   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (1,863,449      3,650,157         (27,115,807      (16,397      (215,787,729

Investment transactions in affiliates (Note 7)

     7,294         20,935         (147,413                

In-kind redemptions

             2,334,545         67,412,772         102,948         278,099,783   

In-kind redemptions in affiliates (Note 7)

             (23      (325                

Capital gain distributions from affiliates (Note 7)

             174                           

Forward foreign currency contracts and foreign currency related transactions

     (168,845      (70,508      (424,985      349,200         1,666,089,994   

Net realized gain (loss)

     (2,025,000      5,935,280         39,724,242         435,751         1,728,402,048   

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     (20,320,850      (10,070,878      (130,826,173      (10,390      1,158,481,855   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (70,178      (21,732      (130,084      6,561         (64,138,025

Net change in unrealized appreciation (depreciation)

     (20,391,028      (10,092,610      (130,956,257      (3,829      1,094,343,830   

Net realized and unrealized gain (loss) on investments

     (22,416,028      (4,157,330      (91,232,015      431,922         2,822,745,878   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ (9,738,667    $ 317,241       $ (62,011,456    $ 463,860       $ 3,030,375,496   
1 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

 

2 

Net of foreign withholding tax of $1,103,673, $525,407, $2,691,170, $4,733 and $28,916,969, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      127   


Table of Contents

Statements of Operations (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year or Period Ended March 31, 2015

 

  

 

 

      WisdomTree
Japan Hedged
Financials
Fund1
     WisdomTree
Japan Hedged
Health Care
Fund1
     WisdomTree
Japan Hedged
Real Estate
Fund1
     WisdomTree
Japan Hedged
SmallCap
Equity Fund
     WisdomTree
Japan Hedged
Tech, Media
and Telecom
Fund1
 

INVESTMENT INCOME:

              

Dividends2

   $ 127,511       $ 32,045       $ 411,952       $ 1,741,227       $ 48,524   

Securities lending income (Note 2)

     1,145         883         10,062         113,322         3,513   

Total investment income

     128,656         32,928         422,014         1,854,549         52,037   

EXPENSES:

              

Advisory fees (Note 3)

     27,650         9,491         100,209         510,070         15,502   

Service fees (Note 2)

     253         87         918         3,870         142   

Proxy fees (Note 2)

                             2,784           

Total expenses

     27,903         9,578         101,127         516,724         15,644   

Expense waivers (Note 3)

     (2,880      (989      (10,439              (1,615

Net expenses

     25,023         8,589         90,688         516,724         14,029   

Net investment income

     103,633         24,339         331,326         1,337,825         38,008   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (132,325      (4,873      (393,538      (2,186,262      9,055   

In-kind redemptions

     40,257         110,101         486,153         2,778,068         93,220   

Forward foreign currency contracts and foreign currency related transactions

     1,087,939         279,799         3,078,832         13,717,580         483,688   

Net realized gain

     995,871         385,027         3,171,447         14,309,386         585,963   

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     125,972         282,284         15,874         5,106,304         332,260   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     3,834         1,006         124,635         (152,111      14,699   

Net change in unrealized appreciation (depreciation)

     129,806         283,290         140,509         4,954,193         346,959   

Net realized and unrealized gain on investments

     1,125,677         668,317         3,311,956         19,263,579         932,922   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,229,310       $ 692,656       $ 3,643,282       $ 20,601,404       $ 970,930   
1 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

 

2 

Net of foreign withholding tax of $14,203, $3,669, $46,650, $231,225 and $5,423, respectively.

 

See Notes to Financial Statements.

 

128   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Operations (concluded)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year or Period Ended March 31, 2015

 

  

 

 

      WisdomTree
Japan SmallCap
Dividend Fund
     WisdomTree
Korea Hedged
Equity Fund
     WisdomTree
United Kingdom
Hedged Equity
Fund
 

INVESTMENT INCOME:

        

Dividends1

   $ 5,341,844       $ 130,718       $ 931,897   

Dividends from affiliates (Note 7)

     25,712                   

Securities lending income (Note 2)

     375,182         149         911   

Total investment income

     5,742,738         130,867         932,808   

EXPENSES:

        

Advisory fees (Note 3)

     1,675,819         58,790         105,611   

Service fees (Note 2)

     12,713         446         968   

Proxy fees (Note 2)

     17,837         257         919   

Total expenses

     1,706,369         59,493         107,498   

Expense waivers (Note 3)

     (1,290                

Net expenses

     1,705,079         59,493         107,498   

Net investment income

     4,037,659         71,374         825,310   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

        

Net realized gain (loss) from:

        

Investment transactions

     (3,584,946      (333,815      (173,146

Investment transactions in affiliates (Note 7)

     (17,305                

In-kind redemptions

     8,879,122                 282,100   

In-kind redemptions in affiliates (Note 7)

     5,258                   

Capital gain distributions from affiliates (Note 7)

     11,058                   

Forward foreign currency contracts and foreign currency related transactions

     (199,477      56,444         1,926,564   

Net realized gain (loss)

     5,093,710         (277,371      2,035,518   

Net change in unrealized appreciation (depreciation) from:

        

Investment transactions

     14,610,898         (312,686      (2,755,246

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (17,205      148,353         894,715   

Net change in unrealized appreciation (depreciation)

     14,593,693         (164,333      (1,860,531

Net realized and unrealized gain (loss) on investments

     19,687,403         (441,704      174,987   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 23,725,062       $ (370,330    $ 1,000,297   
1 

Net of foreign withholding tax of $617,131, $33,759 and $7,671, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      129   


Table of Contents

Statements of Changes in Net Assets

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

    

WisdomTree

Australia Dividend Fund

   

WisdomTree

DEFA Equity Income Fund

   

WisdomTree

DEFA Fund

 
    

For the

Year Ended

March 31, 2015

   

For the

Period Ended

March 31, 2014

   

For the

Year Ended

March 31, 2015

   

For the

Period Ended

March 31, 2014

   

For the

Year Ended

March 31, 2015

   

For the

Period Ended

March 31, 2014

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 2,116,489      $ 2,393,944      $ 13,809,485      $ 14,596,110      $ 21,501,935      $ 22,496,387   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    2,073,246        909,079        419,457        (1,730,113     (3,579,736     2,902,130   

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (8,829,312     (5,139,781     (33,653,687     36,323,278        (27,203,920     63,516,879   

Net increase (decrease) in net assets resulting from operations

    (4,639,577     (1,836,758     (19,424,745     49,189,275        (9,281,721     88,915,396   

DIVIDENDS:

           

Net investment income

    (1,972,575     (2,462,154     (13,241,538     (14,535,126     (20,650,247     (22,732,659

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    5,447,076               65,533,642        61,088,169        106,576,595        56,738,559   

Cost of shares redeemed

    (5,334,442     (17,756,703                          (12,340,781

Net increase (decrease) in net assets resulting from capital share transactions

    112,634        (17,756,703     65,533,642        61,088,169        106,576,595        44,397,778   

Net Increase (Decrease) in Net Assets

    (6,499,518     (22,055,615     32,867,359        95,742,318        76,644,627        110,580,515   

NET ASSETS:

           

Beginning of period

  $ 55,137,564      $ 77,193,179      $ 304,752,712      $ 209,010,394      $ 569,187,658      $ 458,607,143   

End of period

  $ 48,638,046      $ 55,137,564      $ 337,620,071      $ 304,752,712      $ 645,832,285      $ 569,187,658   

Undistributed net investment income included in net assets at end of period

  $ 127,605      $ 29,189      $ 1,043,346      $ 646,092      $ 2,127,485      $ 1,499,228   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    900,000        1,200,000        6,400,000        5,050,000        10,450,000        9,600,000   

Shares created

    100,000               1,400,000        1,350,000        2,050,000        1,100,000   

Shares redeemed

    (100,000     (300,000                          (250,000

Shares outstanding, end of period

    900,000        900,000        7,800,000        6,400,000        12,500,000        10,450,000   

 

See Notes to Financial Statements.

 

130   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

     WisdomTree
Europe Dividend Growth Fund
    WisdomTree
Europe Hedged Equity Fund
    WisdomTree
Europe Hedged SmallCap
Equity Fund
 
     For the Period
May 7, 2014*
through
March 31, 2015
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the Period
March 4, 2015*
through
March 31, 2015
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

     

Net investment income

  $ 200,687      $ 87,040,055      $ 11,907,904      $ 361,661   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    (223,873     862,968,028        (32,514,404     19,017   

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (1,073,506     746,785,856        88,263,625        1,326,564   

Net increase (decrease) in net assets resulting from operations

    (1,096,692     1,696,793,939        67,657,125        1,707,242   

DIVIDENDS AND DISTRIBUTIONS:

       

Net investment income

    (174,792     (73,966,189     (9,199,353       

Capital gains

           (184,744,238              

Total dividends and distributions

    (174,792     (258,710,427     (9,199,353       

CAPITAL SHARE TRANSACTIONS:

       

Net proceeds from sale of shares

    20,859,822        15,173,767,490        940,909,066        124,121,761   

Cost of shares redeemed

    (7,997,856     (127,685,798     (103,574,788       

Net increase in net assets resulting from capital share transactions

    12,861,966        15,046,081,692        837,334,278        124,121,761   

Net Increase in Net Assets

    11,590,482        16,484,165,204        895,792,050        125,829,003   

NET ASSETS:

       

Beginning of period

  $ 100      $ 1,060,319,484      $ 164,527,434      $ 100   

End of period

  $ 11,590,582      $ 17,544,484,688      $ 1,060,319,484      $ 125,829,103   

Undistributed net investment income included in net assets at end of period

  $ 21,498      $ 24,551,126      $ 2,822,627      $ 361,991   

SHARES CREATED AND REDEEMED:

       

Shares outstanding, beginning of period

    4        18,800,000        3,300,000        4   

Shares created

    850,000        248,650,000        17,600,000        4,850,000   

Shares redeemed

    (350,004     (2,250,000     (2,100,000       

Shares outstanding, end of period

    500,000        265,200,000        18,800,000        4,850,004   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      131   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

    

WisdomTree

Europe SmallCap Dividend Fund

   

WisdomTree

Germany Hedged Equity Fund

   

WisdomTree

International Dividend

ex-Financials Fund

 
    

For the

Year Ended

March 31, 2015

   

For the

Period Ended

March 31, 2014

   

For the

Year Ended

March 31, 2015

   

For the Period

October 17, 2013*

through

March 31, 2014

   

For the

Year Ended

March 31, 2015

   

For the

Period Ended

March 31, 2014

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income (loss)

  $ 38,486,170      $ 5,150,464      $ 177,748      $ (18   $ 15,653,193      $ 15,886,146   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    2,038,267        11,160,520        3,974,938        (169,772     24,818,165        21,759,028   

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (212,714,789     139,859,136        7,691,136        622,692        (73,124,349     31,939,259   

Net increase (decrease) in net assets resulting from operations

    (172,190,352     156,170,120        11,843,822        452,902        (32,652,991     69,584,433   

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (37,998,494     (3,161,594     (178,439            (15,437,232     (15,909,125

Capital gains

                  (1,063,257                     

Total dividends and distributions

    (37,998,494     (3,161,594     (1,241,696            (15,437,232     (15,909,125

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    885,658,937        1,237,151,944        271,770,808        8,989,957        70,209,452          

Cost of shares redeemed

    (1,268,466,721     (4,163,918            (105     (47,582,200     (53,811,313

Net increase (decrease) in net assets resulting from capital share transactions

    (382,807,784     1,232,988,026        271,770,808        8,989,852        22,627,252        (53,811,313

Net Increase (Decrease) in Net Assets

    (592,996,630     1,385,996,552        282,372,934        9,442,754        (25,462,971     (136,005

NET ASSETS:

           

Beginning of period

  $ 1,446,871,030      $ 60,874,478      $ 9,442,854      $ 100      $ 349,545,491      $ 349,681,496   

End of period

  $ 853,874,400      $ 1,446,871,030      $ 291,815,788      $ 9,442,854      $ 324,082,520      $ 349,545,491   

Undistributed net investment income included in net assets at end of period

  $ 4,634,978      $ 2,903,216      $ 45,782      $      $ 799,832      $ 754,395   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    23,250,000        1,450,000        350,000        4        7,100,000        8,300,000   

Shares created

    14,550,000        21,900,000        8,950,000        350,000        1,400,000          

Shares redeemed

    (22,450,000     (100,000            (4     (1,100,000     (1,200,000

Shares outstanding, end of period

    15,350,000        23,250,000        9,300,000        350,000        7,400,000        7,100,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

132   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

      WisdomTree
International Hedged
Dividend Growth Fund
     WisdomTree
International LargeCap Dividend Fund
     WisdomTree
International MidCap Dividend Fund
 
      For the Period
May 7, 2014*
through
March 31, 2015
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

           

Net investment income

   $ 1,015,552       $ 12,677,361       $ 12,366,635       $ 4,474,571       $ 4,245,060   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     1,861,841         (2,025,000      (6,416,407      5,935,280         1,807,862   

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     4,313,868         (20,391,028      36,792,415         (10,092,610      17,484,914   

Net increase (decrease) in net assets resulting from operations

     7,191,261         (9,738,667      42,742,643         317,241         23,537,836   

DIVIDENDS AND DISTRIBUTIONS:

              

Net investment income

     (341,603      (12,260,118      (12,150,590      (4,298,234      (4,342,219

Capital gains

     (453,216                                

Total dividends and distributions

     (794,819      (12,260,118      (12,150,590      (4,298,234      (4,342,219

CAPITAL SHARE TRANSACTIONS:

              

Net proceeds from sale of shares

     200,056,027         61,995,325         74,143,503         29,317,147         2,817,029   

Cost of shares redeemed

     (102                      (11,004,207        

Net increase in net assets resulting from capital share transactions

     200,055,925         61,995,325         74,143,503         18,312,940         2,817,029   

Net Increase in Net Assets

     206,452,367         39,996,540         104,735,556         14,331,947         22,012,646   

NET ASSETS:

              

Beginning of period

   $ 100       $ 315,276,486       $ 210,540,930       $ 141,081,870       $ 119,069,224   

End of period

   $ 206,452,467       $ 355,273,026       $ 315,276,486       $ 155,413,817       $ 141,081,870   

Undistributed net investment income included in net assets at end of period

   $ 447,698       $ 945,301       $ 696,213       $ 539,941       $ 411,974   

SHARES CREATED AND REDEEMED:

              

Shares outstanding, beginning of period

     4         6,100,000         4,600,000         2,350,000         2,300,000   

Shares created

     7,650,000         1,200,000         1,500,000         500,000         50,000   

Shares redeemed

     (4                      (200,000        

Shares outstanding, end of period

     7,650,000         7,300,000         6,100,000         2,650,000         2,350,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      133   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

    

WisdomTree
International SmallCap Dividend Fund

    WisdomTree
Japan Hedged
Capital Goods Fund
    WisdomTree
Japan Hedged Equity Fund
 
     For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the Period
April 8, 2014*
through
March 31, 2015
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

       

Net investment income

  $ 29,220,559      $ 22,483,302      $ 31,938      $ 207,629,618      $ 196,120,260   

Net realized gain on investments, forward foreign currency contracts and foreign currency related transactions

    39,724,242        26,658,982        435,751        1,728,402,048        789,092,915   

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (130,956,257     91,458,437        (3,829     1,094,343,830        (290,739,334

Net increase (decrease) in net assets resulting from operations

    (62,011,456     140,600,721        463,860        3,030,375,496        694,473,841   

DIVIDENDS AND DISTRIBUTIONS:

         

Net investment income

    (28,286,347     (27,535,002     (17,112     (207,539,167     (143,145,142

Capital gains

                  (144,392     (1,104,073,317     (153,506,590

Total dividends and distributions

    (28,286,347     (27,535,002     (161,504     (1,311,612,484     (296,651,732

CAPITAL SHARE TRANSACTIONS:

         

Net proceeds from sale of shares

    309,891,793        248,798,670        5,180,742        5,763,303,856        8,779,979,328   

Cost of shares redeemed

    (225,813,659            (2,706,495     (3,117,040,421     (3,368,610,295

Net increase in net assets resulting from capital share transactions

    84,078,134        248,798,670        2,474,247        2,646,263,435        5,411,369,033   

Net Increase (Decrease) in Net Assets

    (6,219,669     361,864,389        2,776,603        4,365,026,447        5,809,191,142   

NET ASSETS:

         

Beginning of period

  $ 923,997,213      $ 562,132,824      $ 100      $ 11,441,823,734      $ 5,632,632,592   

End of period

  $ 917,777,544      $ 923,997,213      $ 2,776,703      $ 15,806,850,181      $ 11,441,823,734   

Undistributed net investment income included in net assets at end of period

  $ 6,109,280      $ 4,022,356      $ 19,455      $ 111,129,937      $ 116,301,672   

SHARES CREATED AND REDEEMED:

         

Shares outstanding, beginning of period

    14,250,000        10,150,000        4        240,900,000        131,150,000   

Shares created

    4,800,000        4,100,000        200,000        110,000,000        183,100,000   

Shares redeemed

    (3,550,000            (100,004     (63,650,000     (73,350,000

Shares outstanding, end of period

    15,500,000        14,250,000        100,000        287,250,000        240,900,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

134   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

      WisdomTree
Japan Hedged
Financials Fund
     WisdomTree
Japan Hedged
Health Care Fund
     WisdomTree
Japan Hedged
Real Estate Fund
 
      For the Period
April 8, 2014*
through
March 31, 2015
     For the Period
April 8, 2014*
through
March 31, 2015
     For the Period
April 8, 2014*
through
March 31, 2015
 

INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:

        

Net investment income

   $ 103,633       $ 24,339       $ 331,326   

Net realized gain on investments, forward foreign currency contracts and foreign currency related transactions

     995,871         385,027         3,171,447   

Net change in unrealized appreciation on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     129,806         283,290         140,509   

Net increase in net assets resulting from operations

     1,229,310         692,656         3,643,282   

DIVIDENDS AND DISTRIBUTIONS:

        

Net investment income

     (43,420      (6,684      (236,203

Capital gains

     (641,620      (194,150      (1,864,720

Total dividends and distributions

     (685,040      (200,834      (2,100,923

CAPITAL SHARE TRANSACTIONS:

        

Net proceeds from sale of shares

     10,088,110         4,026,460         35,926,393   

Cost of shares redeemed

     (2,745,940      (1,417,667      (5,489,435

Net increase in net assets resulting from capital share transactions

     7,342,170         2,608,793         30,436,958   

Net Increase in Net Assets

     7,886,440         3,100,615         31,979,317   

NET ASSETS:

        

Beginning of period

   $ 100       $ 100       $ 100   

End of period

   $ 7,886,540       $ 3,100,715       $ 31,979,417   

Undistributed net investment income included in net assets at end of period

   $ 60,576       $ 15,669       $ 191,039   

SHARES CREATED AND REDEEMED:

        

Shares outstanding, beginning of period

     4         4         4   

Shares created

     400,000         150,000         1,350,000   

Shares redeemed

     (100,004      (50,004      (200,004

Shares outstanding, end of period

     300,000         100,000         1,150,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      135   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

    

WisdomTree

Japan Hedged

SmallCap Equity Fund

   

WisdomTree

Japan Hedged Tech,

Media and Telecom Fund

   

WisdomTree

Japan SmallCap Dividend Fund

 
    

For the

Year Ended

March 31, 2015

   

For the Period

June 28, 2013*

through

March 31, 2014

   

For the Period

April 8, 2014*

through

March 31, 2015

   

For the

Year Ended

March 31, 2015

    For the
Period Ended
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

       

Net investment income

  $ 1,337,825      $ 699,060      $ 38,008      $ 4,037,659      $ 3,911,071   

Net realized gain on investments, forward foreign currency contracts and foreign currency related transactions

    14,309,386        654,623        585,963        5,093,710        3,127,611   

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    4,954,193        (389,859     346,959        14,593,693        2,015,912   

Net increase in net assets resulting from operations

    20,601,404        963,824        970,930        23,725,062        9,054,594   

DIVIDENDS AND DISTRIBUTIONS:

         

Net investment income

    (1,189,252     (102,144     (7,800     (4,434,720     (5,814,634

Capital gains

    (6,902,460            (314,270              

Total dividends and distributions

    (8,091,712     (102,144     (322,070     (4,434,720     (5,814,634

CAPITAL SHARE TRANSACTIONS:

         

Net proceeds from sale of shares

    51,771,606        80,715,953        5,131,256        23,851,555        154,225,915   

Cost of shares redeemed

    (22,132,969     (5,963,970     (1,348,470     (40,597,337     (66,274,021

Net increase (decrease) in net assets resulting from capital share transactions

    29,638,637        74,751,983        3,782,786        (16,745,782     87,951,894   

Net Increase in Net Assets

    42,148,329        75,613,663        4,431,646        2,544,560        91,191,854   

NET ASSETS:

         

Beginning of period

  $ 75,613,763      $ 100      $ 100      $ 284,106,020      $ 192,914,166   

End of period

  $ 117,762,092      $ 75,613,763      $ 4,431,746      $ 286,650,580      $ 284,106,020   

Undistributed net investment income included in net assets at end of period

  $ 843,781      $ 650,017      $ 75,567      $ 2,130,343      $ 2,322,594   

SHARES CREATED AND REDEEMED:

         

Shares outstanding, beginning of period

    2,600,000        4        4        5,650,000        3,950,000   

Shares created

    1,600,000        2,800,000        200,000        450,000        3,100,000   

Shares redeemed

    (700,000     (200,004     (50,004     (800,000     (1,400,000

Shares outstanding, end of period

    3,500,000        2,600,000        150,000        5,300,000        5,650,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

136   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

     

WisdomTree

Korea Hedged Equity Fund

    

WisdomTree

United Kingdom Hedged Equity Fund

 
     

For the

Year Ended

March 31, 2015

    

For the Period

November 7, 2013*

through

March 31, 2014

    

For the

Year Ended

March 31, 2015

    

For the Period

June 28, 2013*

through

March 31, 2014

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

           

Net investment income

   $ 71,374       $ 11,352       $ 825,310       $ 1,271,954   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     (277,371      (141,932      2,035,518         (1,207,139

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (164,333      25,777         (1,860,531      843,526   

Net increase (decrease) in net assets resulting from operations

     (370,330      (104,803      1,000,297         908,341   

DIVIDENDS:

           

Net investment income

     (84,857      (23,127      (756,787      (1,253,723

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

     11,774,183         8,279,040         17,699,217         43,463,008   

Cost of shares redeemed

             (91      (6,125,906      (26,527,407

Net increase in net assets resulting from capital share transactions

     11,774,183         8,278,949         11,573,311         16,935,601   

Net Increase in Net Assets

     11,318,996         8,151,019         11,816,821         16,590,219   

NET ASSETS:

           

Beginning of period

   $ 8,151,119       $ 100       $ 16,590,319       $ 100   

End of period

   $ 19,470,115       $ 8,151,119       $ 28,407,140       $ 16,590,319   

Undistributed net investment income included in net assets at end of period

   $ 3,082       $ 15,672       $ 119,088       $ 35,758   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

     350,000         4         650,000         4   

Shares created

     550,000         350,000         700,000         1,650,000   

Shares redeemed

             (4      (250,000      (1,000,004

Shares outstanding, end of period

     900,000         350,000         1,100,000         650,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      137   


Table of Contents

Financial Highlights

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Australia Dividend Fund    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 20121
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 61.26      $ 64.33      $ 55.87      $ 61.64      $ 57.24   

Investment operations:

          

Net investment income2

     2.37        2.32        2.60        2.87        2.99   

Net realized and unrealized gain (loss)

     (7.40     (2.81     8.44        (5.48     4.62   

Total from investment operations

     (5.03     (0.49     11.04        (2.61     7.61   

Dividends to shareholders:

          

Net investment income

     (2.19     (2.58     (2.58     (3.16     (3.21

Net asset value, end of period

   $ 54.04      $ 61.26      $ 64.33      $ 55.87      $ 61.64   

TOTAL RETURN3

     (8.30 )%      (0.59 )%      20.49     (3.86 )%      14.03

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of period (000’s omitted)

   $ 48,638      $ 55,138      $ 77,193      $ 61,456      $ 80,137   

Ratios to average net assets of:

          

Expenses

     0.59 %5      0.58 %6      0.58 %6      0.58 %4,7      0.58 %4,7 

Net investment income

     4.08     3.86 %6      4.71 %6      5.18 %4      5.42 %4 

Portfolio turnover rate8

     26     27     31     68     46

 

           
WisdomTree DEFA Equity Income Fund    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 47.62      $ 41.39      $ 38.64      $ 43.82      $ 41.85   

Investment operations:

          

Net investment income2

     1.94        2.57        1.74        1.90        1.75   

Net realized and unrealized gain (loss)

     (4.41     6.14        2.70        (5.17     2.01   

Total from investment operations

     (2.47     8.71        4.44        (3.27     3.76   

Dividends to shareholders:

          

Net investment income

     (1.87     (2.48     (1.69     (1.91     (1.79

Net asset value, end of period

   $ 43.28      $ 47.62      $ 41.39      $ 38.64      $ 43.82   

TOTAL RETURN3

     (5.41 )%      21.82     12.08     (7.45 )%      9.74

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of period (000’s omitted)

   $ 337,620      $ 304,753      $ 209,010      $ 175,809      $ 131,454   

Ratios to average net assets4 of:

          

Expenses7

     0.59 %5      0.58 %6      0.58 %6      0.58     0.58

Net investment income

     4.24     5.71 %6      4.58 %6      4.84     4.39

Portfolio turnover rate8

     20     26     31     32     34
1 

The information reflects the investment objective and strategy of the WisdomTree Pacific ex-Japan Equity Income Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Australia Dividend Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

6 

Annualized.

 

7 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

138   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree DEFA Fund    For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 54.47       $ 47.77       $ 44.53       $ 49.51       $ 46.13   

Investment operations:

              

Net investment income1

     1.92         2.27         1.63         1.90         1.58   

Net realized and unrealized gain (loss)

     (2.86      6.72         3.22         (4.99      3.39   

Total from investment operations

     (0.94      8.99         4.85         (3.09      4.97   

Dividends to shareholders:

              

Net investment income

     (1.86      (2.29      (1.61      (1.89      (1.59

Net asset value, end of period

   $ 51.67       $ 54.47       $ 47.77       $ 44.53       $ 49.51   

TOTAL RETURN2

     (1.83 )%       19.43      11.42      (6.18 )%       11.33

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 645,832       $ 569,188       $ 458,607       $ 385,202       $ 457,997   

Ratios to average net assets3 of:

              

Expenses4

     0.49 %5       0.48 %6       0.48 %6       0.48      0.48

Net investment income

     3.63      4.41 %6       3.75 %6       4.22      3.50

Portfolio turnover rate7

     19      21      20      27      30

 

   
WisdomTree Europe Dividend Growth Fund    For the Period
May 7, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 25.10   

Investment operations:

  

Net investment income1

     0.37   

Net realized and unrealized loss

     (1.96

Total from investment operations

     (1.59

Dividends to shareholders:

  

Net investment income

     (0.33

Net asset value, end of period

   $ 23.18   

TOTAL RETURN2

     (6.35 )% 

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 11,591   

Ratios to average net assets of:

  

Expenses

     0.58 %6 

Net investment income

     1.75 %6 

Portfolio turnover rate7

     21
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree DEFA Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

6 

Annualized.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      139   


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Europe Hedged Equity Fund    For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 20131
    For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 56.40       $ 49.86       $ 43.93      $ 47.61       $ 47.72   

Investment operations:

             

Net investment income2

     1.14         1.31         0.89        1.73         1.43   

Net realized and unrealized gain (loss)

     11.83         6.35         5.96        (3.84      (0.02

Total from investment operations

     12.97         7.66         6.85        (2.11      1.41   

Dividends and distributions to shareholders:

             

Net investment income

     (1.19      (1.12      (0.92     (1.57      (1.52

Capital gains

     (2.02                               

Total dividends and distributions to shareholders

     (3.21      (1.12      (0.92     (1.57      (1.52

Net asset value, end of period

   $ 66.16       $ 56.40       $ 49.86      $ 43.93       $ 47.61   

TOTAL RETURN3

     24.02      15.73      16.06     (4.41 )%       3.27

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of period (000’s omitted)

   $ 17,544,485       $ 1,060,319       $ 164,527      $ 21,963       $ 21,425   

Ratios to average net assets of:

             

Expenses, net of expense waivers

     0.59 %5       0.58 %6       0.58 %4,6      0.58 %4       0.58 %4 

Expenses, prior to expense waivers

     0.59 %5       0.58 %6       0.73 %4,6      1.25 %4       1.65 %4 

Net investment income

     1.91      2.43 %6       2.01 %4,6      3.99 %4       3.11 %4 

Portfolio turnover rate7

     12      28      43     42      38

 

   
WisdomTree Europe Hedged SmallCap Equity Fund    For the Period
March 4, 2015*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 24.87   

Investment operations:

  

Net investment income2

     0.13   

Net realized and unrealized gain

     0.94   

Total from investment operations

     1.07   

Net asset value, end of period

   $ 25.94   

TOTAL RETURN3

     4.30

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 125,829   

Ratios to average net assets of:

  

Expenses

     0.58 %6 

Net investment income

     6.87 %6 

Portfolio turnover rate7

     1
* Commencement of operations.

 

1 

The information reflects the investment objective and strategy of the WisdomTree International Hedged Equity Fund through August 29, 2012 and the investment objective and strategy of the WisdomTree Europe Hedged Equity Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower for the WisdomTree Europe Hedged Equity Fund if certain expenses had not been reimbursed/waived by the investment adviser (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio (net of expense waivers) would have been 0.58% and the expense ratio (prior to expense waivers) would have been 0.58%.

 

6 

Annualized.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

140   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe SmallCap Dividend Fund    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 62.23      $ 41.98      $ 38.22      $ 44.44      $ 37.62   

Investment operations:

          

Net investment income1

     1.94        0.73        1.32        1.44        1.09   

Net realized and unrealized gain (loss)

     (7.03     20.90        3.82        (5.74     6.85   

Total from investment operations

     (5.09     21.63        5.14        (4.30     7.94   

Dividends to shareholders:

          

Net investment income

     (1.51     (1.38     (1.38     (1.92     (1.12

Net asset value, end of period

   $ 55.63      $ 62.23      $ 41.98      $ 38.22      $ 44.44   

TOTAL RETURN2

     (8.26 )%      53.06     14.33     (9.80 )%      21.86

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of period (000’s omitted)

   $ 853,874      $ 1,446,871      $ 60,874      $ 28,668      $ 28,889   

Ratios to average net assets3 of:

          

Expenses

     0.59 %4,5      0.58 %6      0.58 %6      0.58 %5      0.58 %5 

Net investment income

     3.40     1.29 %6      3.52 %6      3.79     2.81

Portfolio turnover rate7

     42     24     48     58     60

 

     
WisdomTree Germany Hedged Equity Fund    For the
Year Ended
March 31, 2015
     For the Period
October 17, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 26.98       $ 25.01   

Investment operations:

     

Net investment income (loss)1

     0.16         (0.00 )8 

Net realized and unrealized gain

     5.90         1.97   

Total from investment operations

     6.06         1.97   

Dividends and distributions to shareholders:

     

Net investment income

     (0.41        

Capital gains

     (1.25        

Total dividends and distributions to shareholders

     (1.66        

Net asset value, end of period

   $ 31.38       $ 26.98   

TOTAL RETURN2

     23.70      7.88

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 291,816       $ 9,443   

Ratios to average net assets of:

     

Expenses

     0.49 %9       0.48 %6 

Net investment income (loss)

     0.55      (0.00 )%6,10 

Portfolio turnover rate7

     11      4
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Europe SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Annualized.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

8 

Amount represents less than $0.005.

 

9 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

10 

Amount represents less than 0.005%.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      141   


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International Dividend
ex-Financials Fund
   For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 49.23      $ 42.13      $ 41.64      $ 46.85       $ 42.69   

Investment operations:

           

Net investment income1

     2.00        2.06        1.82        1.74         1.83   

Net realized and unrealized gain (loss)

     (5.53     7.11        0.45        (5.11      4.21   

Total from investment operations

     (3.53     9.17        2.27        (3.37      6.04   

Dividends to shareholders:

           

Net investment income

     (1.91     (2.07     (1.78     (1.84      (1.88

Net asset value, end of period

   $ 43.79      $ 49.23      $ 42.13      $ 41.64       $ 46.85   

TOTAL RETURN2

     (7.41 )%      22.58     5.98     (7.24 )%       14.93

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

   $ 324,083      $ 349,545      $ 349,681      $ 355,992       $ 149,929   

Ratios to average net assets3 of:

           

Expenses4

     0.59 %5      0.58 %6      0.58 %6      0.58      0.58

Net investment income

     4.23     4.54 %6      4.58 %6      4.20      4.30

Portfolio turnover rate7

     44     36     50     28      52

 

   
WisdomTree International Hedged Dividend Growth Fund    For the Period
May 7, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 24.90   

Investment operations:

  

Net investment income1

     0.90   

Net realized and unrealized gain

     2.18   

Total from investment operations

     3.08   

Dividends and distributions to shareholders:

  

Net investment income

     (0.23

Capital gains

     (0.76

Total dividends and distributions to shareholders

     (0.99

Net asset value, end of period

   $ 26.99   

TOTAL RETURN2

     12.78

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 206,452   

Ratios to average net assets of:

  

Expenses

     0.58 %6 

Net investment income

     3.89 %6 

Portfolio turnover rate7

     14
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree International Dividend ex-Financials Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

6 

Annualized.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

142   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International
LargeCap Dividend Fund
   For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 51.68       $ 45.77       $ 42.89       $ 47.68       $ 45.34   

Investment operations:

              

Net investment income1

     1.88         2.35         1.59         1.86         1.56   

Net realized and unrealized gain (loss)

     (3.09      5.79         2.84         (4.75      2.37   

Total from investment operations

     (1.21      8.14         4.43         (2.89      3.93   

Dividends to shareholders:

              

Net investment income

     (1.80      (2.23      (1.55      (1.90      (1.59

Net asset value, end of period

   $ 48.67       $ 51.68       $ 45.77       $ 42.89       $ 47.68   

TOTAL RETURN2

     (2.47 )%       18.35      10.80      (6.02 )%       9.21

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 355,273       $ 315,276       $ 210,541       $ 167,253       $ 164,489   

Ratios to average net assets3 of:

              

Expenses4

     0.49 %5       0.48 %6       0.48 %6       0.48      0.48

Net investment income

     3.72      4.77 %6       3.77 %6       4.34      3.56

Portfolio turnover rate7

     12      15      19      23      22

 

           
WisdomTree International MidCap
Dividend Fund
   For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 60.03       $ 51.77       $ 48.10       $ 53.80       $ 48.69   

Investment operations:

              

Net investment income1

     1.81         1.83         1.51         1.79         1.53   

Net realized and unrealized gain (loss)

     (1.45      8.31         3.68         (5.69      5.19   

Total from investment operations

     0.36         10.14         5.19         (3.90      6.72   

Dividends to shareholders:

              

Net investment income

     (1.74      (1.88      (1.52      (1.80      (1.61

Net asset value, end of period

   $ 58.65       $ 60.03       $ 51.77       $ 48.10       $ 53.80   

TOTAL RETURN2

     0.57      20.22      11.32      (7.21 )%       14.38

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 155,414       $ 141,082       $ 119,069       $ 105,823       $ 156,006   

Ratios to average net assets3 of:

              

Expenses4

     0.59 %5       0.58 %6       0.58 %6       0.58      0.58

Net investment income

     3.09      3.27 %6       3.23 %6       3.69      3.14

Portfolio turnover rate7

     29      22      38      47      40
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48% and 0.58% for WisdomTree International LargeCap Dividend Fund and WisdomTree International MidCap Dividend Fund, respectively.

 

6 

Annualized.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      143   


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International
SmallCap Dividend Fund
   For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 64.84       $ 55.38       $ 49.33       $ 53.15       $ 46.98   

Investment operations:

              

Net investment income1

     1.91         1.91         1.82         1.77         1.43   

Net realized and unrealized gain (loss)

     (5.67      9.97         6.09         (3.66      6.14   

Total from investment operations

     (3.76      11.88         7.91         (1.89      7.57   

Dividends to shareholders:

              

Net investment income

     (1.87      (2.42      (1.86      (1.93      (1.40

Net asset value, end of period

   $ 59.21       $ 64.84       $ 55.38       $ 49.33       $ 53.15   

TOTAL RETURN2

     (5.87 )%       22.26      16.78      (3.41 )%       16.64

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 917,778       $ 923,997       $ 562,133       $ 424,264       $ 475,703   

Ratios to average net assets3 of:

              

Expenses4

     0.59 %5       0.58 %6       0.58 %6       0.58      0.58

Net investment income

     3.16      3.20 %6       3.76 %6       3.65      2.99

Portfolio turnover rate7

     25      42      56      52      55

 

   
WisdomTree Japan Hedged Capital Goods Fund    For the Period
April 8, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 24.11   

Investment operations:

  

Net investment income1

     0.38   

Net realized and unrealized gain

     6.51   

Total from investment operations

     6.89   

Dividends and distributions to shareholders:

  

Net investment income

     (0.34

Capital gains

     (2.89

Total dividends and distributions to shareholders

     (3.23

Net asset value, end of period

   $ 27.77   

TOTAL RETURN2

     29.47

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 2,777   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.43 %6 

Expenses, prior to expense waivers

     0.48 %6 

Net investment income

     1.47 %6 

Portfolio turnover rate7

     35
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

6 

Annualized.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

144   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan Hedged
Equity Fund
   For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 47.50       $ 42.95       $ 36.66       $ 36.94       $ 42.12   

Investment operations:

              

Net investment income1

     0.91         0.88         1.54         0.81         1.79   

Net realized and unrealized gain (loss)

     12.34         4.91         5.30         (0.34      (6.52

Total from investment operations

     13.25         5.79         6.84         0.47         (4.73

Dividends and distributions to shareholders:

              

Net investment income

     (0.94      (0.62      (0.55      (0.75      (0.45

Capital gains

     (4.78      (0.62                        

Total dividends and distributions to shareholders

     (5.72      (1.24      (0.55      (0.75      (0.45

Net asset value, end of period

   $ 55.03       $ 47.50       $ 42.95       $ 36.66       $ 36.94   

TOTAL RETURN2

     29.30      13.48      19.12      1.46      (11.25 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 15,806,850       $ 11,441,824       $ 5,632,633       $ 606,707       $ 494,981   

Ratios to average net assets of:

              

Expenses

     0.49 %4       0.48 %5       0.48 %5       0.48      0.48 %3,6 

Net investment income

     1.81      1.84 %5       4.22 %5       2.41      5.40 %3 

Portfolio turnover rate7

     31      24      36      41      28

 

WisdomTree Japan Hedged Financials Fund    For the Period
April 8, 2014*
through
March 31,  2015
 

Net asset value, beginning of period

   $ 23.83   

Investment operations:

  

Net investment income1

     0.45   

Net realized and unrealized gain

     5.44   

Total from investment operations

     5.89   

Dividends and distributions to shareholders:

  

Net investment income

     (0.22

Capital gains

     (3.21

Total dividends and distributions to shareholders

     (3.43

Net asset value, end of period

   $ 26.29   

TOTAL RETURN2

     25.94

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 7,887   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.43 %5 

Expenses, prior to expense waivers

     0.48 %5 

Net investment income

     1.80 %5 

Portfolio turnover rate7

     29
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Japan Hedged Financials Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

5 

Annualized.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      145   


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Japan Hedged Health Care Fund    For the Period
April 8, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 24.20   

Investment operations:

  

Net investment income1

     0.32   

Net realized and unrealized gain

     10.50   

Total from investment operations

     10.82   

Dividends and distributions to shareholders:

  

Net investment income

     (0.13

Capital gains

     (3.88

Total dividends and distributions to shareholders

     (4.01

Net asset value, end of period

   $ 31.01   

TOTAL RETURN2

     48.27

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 3,101   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.43 %3 

Expenses, prior to expense waivers

     0.48 %3 

Net investment income

     1.24 %3 

Portfolio turnover rate4

     29

 

   
WisdomTree Japan Hedged Real Estate Fund    For the Period
April 8, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 24.32   

Investment operations:

  

Net investment income1

     0.42   

Net realized and unrealized gain

     4.98   

Total from investment operations

     5.40   

Dividends and distributions to shareholders:

  

Net investment income

     (0.21

Capital gains

     (1.70

Total dividends and distributions to shareholders

     (1.91

Net asset value, end of period

   $ 27.81   

TOTAL RETURN2

     22.59

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 31,979   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.43 %3 

Expenses, prior to expense waivers

     0.48 %3 

Net investment income

     1.59 %3 

Portfolio turnover rate4

     20
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan Hedged SmallCap Equity Fund    For the
Year Ended
March 31, 2015
     For the Period
June 28, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 29.08       $ 26.17   

Investment operations:

     

Net investment income1

     0.47         0.59   

Net realized and unrealized gain

     6.74         2.38   

Total from investment operations

     7.21         2.97   

Dividends and distributions to shareholders:

     

Net investment income

     (0.41      (0.06

Capital gains

     (2.23        

Total dividends and distributions to shareholders

     (2.64      (0.06

Net asset value, end of period

   $ 33.65       $ 29.08   

TOTAL RETURN2

     25.86      11.37

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 117,762       $ 75,614   

Ratios to average net assets of:

     

Expenses

     0.59 %3       0.58 %4 

Net investment income

     1.52      2.75 %4 

Portfolio turnover rate5

     41      19

 

   
WisdomTree Japan Hedged Tech, Media and Telecom Fund    For the Period
April 8, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 24.02   

Investment operations:

  

Net investment income1

     0.31   

Net realized and unrealized gain

     7.36   

Total from investment operations

     7.67   

Dividends and distributions to shareholders:

  

Net investment income

     (0.05

Capital gains

     (2.10

Total dividends and distributions to shareholders

     (2.15

Net asset value, end of period

   $ 29.54   

TOTAL RETURN2

     32.83

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 4,432   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.43 %4 

Expenses, prior to expense waivers

     0.48 %4 

Net investment income

     1.18 %4 

Portfolio turnover rate5

     28
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Japan Hedged Tech, Media and Telecom Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

   $ 50.28       $ 48.84       $ 45.45       $ 43.25       $ 41.54   

Investment operations:

              

Net investment income1

     0.71         0.72         0.78         0.68         0.99   

Net realized and unrealized gain

     3.89         1.84         3.58         2.42         1.47   

Total from investment operations

     4.60         2.56         4.36         3.10         2.46   

Dividends to shareholders:

              

Net investment income

     (0.79      (1.12      (0.97      (0.90      (0.75

Net asset value, end of period

   $ 54.09       $ 50.28       $ 48.84       $ 45.45       $ 43.25   

TOTAL RETURN2

     9.26      5.41      9.97      7.36      6.02

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 286,651       $ 284,106       $ 192,914       $ 193,172       $ 235,685   

Ratios to average net assets3 of:

              

Expenses4

     0.59 %5       0.58 %6       0.58 %6       0.58      0.58

Net investment income

     1.40      1.44 %6       1.84 %6       1.58      2.51

Portfolio turnover rate7

     36      21      41      36      39

 

     
WisdomTree Korea Hedged Equity Fund    For the
Year Ended
March 31, 2015
     For the Period
November 7, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 23.29       $ 25.01   

Investment operations:

     

Net investment income1

     0.15         0.06   

Net realized and unrealized loss

     (1.64      (1.55

Total from investment operations

     (1.49      (1.49

Dividends to shareholders:

     

Net investment income

     (0.17      (0.23

Net asset value, end of period

   $ 21.63       $ 23.29   

TOTAL RETURN2

     (6.41 )%       (5.97 )% 

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 19,470       $ 8,151   

Ratios to average net assets of:

     

Expenses

     0.59 %5       0.58 %6 

Net investment income

     0.70      0.64 %6 

Portfolio turnover rate7

     84      37
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Japan SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

6 

Annualized.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (concluded)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree United Kingdom Hedged Equity Fund    For the
Year Ended
March 31, 2015
     For the Period
June 28, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 25.52       $ 24.99   

Investment operations:

     

Net investment income1

     0.97         1.40   

Net realized and unrealized gain

     0.23         0.91   

Total from investment operations

     1.20         2.31   

Dividends to shareholders:

     

Net investment income

     (0.90      (1.78

Net asset value, end of period

   $ 25.82       $ 25.52   

TOTAL RETURN2

     4.71      9.36

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 28,407       $ 16,590   

Ratios to average net assets of:

     

Expenses

     0.49 %3       0.48 %4 

Net investment income

     3.75      6.98 %4 

Portfolio turnover rate5

     20      12
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

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Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2015, the Trust offered 70 investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standards Update 2013-08, Financial Services-Investment Companies, each Fund qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:

 

Fund    Commencement
of Operations
 

WisdomTree Australia Dividend Fund (“Australia Dividend Fund”)

     June 16, 2006   

WisdomTree DEFA Equity Income Fund (“DEFA Equity Income Fund”)

     June 16, 2006   

WisdomTree DEFA Fund (“DEFA Fund”)

     June 16, 2006   

WisdomTree Europe Dividend Growth Fund (“Europe Dividend Growth Fund”)

     May 7, 2014   

WisdomTree Europe Hedged Equity Fund (“Europe Hedged Equity Fund”)

     December 31, 2009   

WisdomTree Europe Hedged SmallCap Equity Fund (“Europe Hedged SmallCap Equity Fund”)

     March 4, 2015   

WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund”)

     June 16, 2006   

WisdomTree Germany Hedged Equity Fund (“Germany Hedged Equity Fund”)

     October 17, 2013   

WisdomTree International Dividend ex-Financials Fund (“International Dividend ex-Financials Fund”)

     June 16, 2006   

WisdomTree International Hedged Dividend Growth Fund (“International Hedged Dividend Growth Fund”)

     May 7, 2014   

WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund”)

     June 16, 2006   

WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund”)

     June 16, 2006   

WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund”)

     June 16, 2006   

WisdomTree Japan Hedged Capital Goods Fund (“Japan Hedged Capital Goods Fund”)

     April 8, 2014   

WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund”)

     June 16, 2006   

WisdomTree Japan Hedged Financials Fund (“Japan Hedged Financials Fund”)

     April 8, 2014   

WisdomTree Japan Hedged Health Care Fund (“Japan Hedged Health Care Fund”)

     April 8, 2014   

WisdomTree Japan Hedged Real Estate Fund (“Japan Hedged Real Estate Fund”)

     April 8, 2014   

WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap Equity Fund”)

     June 28, 2013   

WisdomTree Japan Hedged Tech, Media and Telecom Fund (“Japan Hedged Tech, Media and Telecom Fund”)

     April 8, 2014   

WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund”)

     June 16, 2006   

WisdomTree Korea Hedged Equity Fund (“Korea Hedged Equity Fund”)

     November 7, 2013   

WisdomTree United Kingdom Hedged Equity Fund (“United Kingdom Hedged Equity Fund”)

     June 28, 2013   

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered mark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

 

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Notes to Financial Statements (continued)

 

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees. Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Short-term debt securities with remaining maturities of 60 days or less generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the exchange on which they are principally traded. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time, except for the Korea Hedged Equity Fund, which values forward foreign currency contracts daily using Tullet Prebon closing spot and forward rates as of 2:00 p.m. Singapore time.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates,

prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      151   


Table of Contents

Notes to Financial Statements (continued)

 

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

The following is a summary of the fair valuations according to the inputs used as of March 31, 2015 in valuing each Fund’s assets:

 

Australia Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 48,334,338       $       $   

Investment of Cash Collateral for Securities Loaned

             8,277,443           

Total

   $ 48,334,338       $ 8,277,443       $   

 

DEFA Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 335,185,610       $       $   

Rights

     73,552                   

Exchange-Traded Fund

     409,180                   

Investment of Cash Collateral for Securities Loaned

             30,542,908           

Total

   $ 335,668,342       $ 30,542,908       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             4,776           

Total - Net

   $ 335,668,342       $ 30,547,684       $   

 

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Table of Contents

Notes to Financial Statements (continued)

 

 

DEFA Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 639,196,326       $       $   

Rights

     86,577                   

Exchange-Traded Fund

     1,935,496                   

Investment of Cash Collateral for Securities Loaned

             54,527,660           

Total

   $ 641,218,399       $ 54,527,660       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             8,895           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (76        

Total - Net

   $ 641,218,399       $ 54,536,479       $   

 

Europe Dividend Growth Fund    Level 1      Level 2     Level 3  

Common Stocks*

   $ 11,557,303       $      $   

Investment of Cash Collateral for Securities Loaned

             108,251          

Total

   $ 11,557,303       $ 108,251      $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             5          

Unrealized Depreciation on Forward Foreign Currency Contracts

             (3       

Total - Net

   $ 11,557,303       $ 108,253      $   

 

Europe Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 17,364,600,774       $       $   

Preferred Stock

     8,297,443                   

Rights

     19,839,339                   

Investment of Cash Collateral for Securities Loaned

             858,250,696           

Total

   $ 17,392,737,556       $ 858,250,696       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             588,401,414           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (31,157,980        

Total - Net

   $ 17,392,737,556       $ 1,415,494,130       $   

 

Europe Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 124,711,034       $       $   

Preferred Stock

     286,815                   

Investment of Cash Collateral for Securities Loaned

             1,436,405           

Total

   $ 124,997,849       $ 1,436,405       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             1,149,816           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (597,726        

Total - Net

   $ 124,997,849       $ 1,988,495       $   

 

Europe SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Spain

   $ 16,735,793       $       $ 0 ** 

Other*

     829,511,965                   

Exchange-Traded Fund

     940,186                   

Investment of Cash Collateral for Securities Loaned

             90,144,093           

Total

   $ 847,187,944       $ 90,144,093       $ 0 ** 

Unrealized Appreciation on Forward Foreign Currency Contracts

             8,290           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (8,384        

Total - Net

   $ 847,187,944       $ 90,143,999       $ 0 ** 

 

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Table of Contents

Notes to Financial Statements (continued)

 

 

Germany Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 290,587,426       $       $   

Investment of Cash Collateral for Securities Loaned

             5,574,643           

Total

   $ 290,587,426       $ 5,574,643       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             4,996,866           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (1,437,692        

Total - Net

   $ 290,587,426       $ 9,133,817       $   

 

International Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 322,089,787       $       $   

Rights

     56,903                   

Exchange-Traded Fund

     217,173                   

Investment of Cash Collateral for Securities Loaned

             12,392,192           

Total

   $ 322,363,863       $ 12,392,192       $   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (125        

Total - Net

   $ 322,363,863       $ 12,392,067       $   

 

International Hedged Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 204,472,363       $       $   

Investment of Cash Collateral for Securities Loaned

             5,100,775           

Total

   $ 204,472,363       $ 5,100,775       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             4,441,151           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (398,044        

Total - Net

   $ 204,472,363       $ 9,143,882       $   

 

International LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 352,995,262       $       $   

Rights

     49,703                   

Exchange-Traded Fund

     531,164                   

Investment of Cash Collateral for Securities Loaned

             22,382,638           

Total

   $ 353,576,129       $ 22,382,638       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             17           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (846        

Total - Net

   $ 353,576,129       $ 22,381,809       $   

 

International MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 153,805,754       $       $   

Exchange-Traded Funds

     572,114                   

Investment of Cash Collateral for Securities Loaned

             25,308,980           

Total

   $ 154,377,868       $ 25,308,980       $   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (33        

Total - Net

   $ 154,377,868       $ 25,308,947       $   

 

154   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

 

International SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Australia

   $ 147,003,780       $ 972,986       $   

Spain

     5,020,451                 0 ** 

Other*

     749,989,145                   

Exchange-Traded Funds

     6,665,956                   

Investment of Cash Collateral for Securities Loaned

             161,117,220           

Total

   $ 908,679,332       $ 162,090,206       $ 0 ** 

Unrealized Appreciation on Forward Foreign Currency Contracts

             8,573           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (514        

Total - Net

   $ 908,679,332       $ 162,098,265       $ 0 ** 

 

Japan Hedged Capital Goods Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,749,193       $       $   

Investment of Cash Collateral for Securities Loaned

             631,865           

Total

   $ 2,749,193       $ 631,865       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             6,925           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (214        

Total - Net

   $ 2,749,193       $ 638,576       $   

 

Japan Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Electronic Equipment, Instruments & Components

   $ 940,218,108       $ 3,851,557       $   

Other*

     14,691,781,060                   

Investment of Cash Collateral for Securities Loaned

             1,832,292,482           

Total

   $ 15,631,999,168       $ 1,836,144,039       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             53,243,359           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (14,680,041        

Total - Net

   $ 15,631,999,168       $ 1,874,707,357       $   

 

Japan Hedged Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 7,825,675       $       $   

Investment of Cash Collateral for Securities Loaned

             1,418,569           

Total

   $ 7,825,675       $ 1,418,569       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             18,873           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (14,541        

Total - Net

   $ 7,825,675       $ 1,422,901       $   

 

Japan Hedged Health Care Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 3,077,446       $       $   

Investment of Cash Collateral for Securities Loaned

             811,790           

Total

   $ 3,077,446       $ 811,790       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             5,222           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (4,079        

Total - Net

   $ 3,077,446       $ 812,933       $   

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      155   


Table of Contents

Notes to Financial Statements (continued)

 

 

Japan Hedged Real Estate Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 31,737,248       $       $   

Investment of Cash Collateral for Securities Loaned

             8,079,140           

Total

   $ 31,737,248       $ 8,079,140       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             129,292           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (2,474        

Total - Net

   $ 31,737,248       $ 8,205,958       $   

 

Japan Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Electronic Equipment, Instruments & Components

   $ 4,669,260       $ 114,972       $   

Other*

     111,773,851                   

Investment of Cash Collateral for Securities Loaned

             21,229,844           

Total

   $ 116,443,111       $ 21,344,816       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             485,111           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (8,624        

Total - Net

   $ 116,443,111       $ 21,821,303       $   

 

Japan Hedged Tech, Media and Telecom Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 4,395,899       $       $   

Investment of Cash Collateral for Securities Loaned

             1,044,602           

Total

   $ 4,395,899       $ 1,044,602       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             15,151           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (338        

Total - Net

   $ 4,395,899       $ 1,059,415       $   

 

Japan SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Electronic Equipment, Instruments & Components

   $ 12,220,078       $ 351,303       $   

Other*

     270,755,556                   

Exchange-Traded Fund

     258,844                   

Investment of Cash Collateral for Securities Loaned

             57,713,072           

Total

   $ 283,234,478       $ 58,064,375       $   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (312        

Total - Net

   $ 283,234,478       $ 58,064,063       $   

 

Korea Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 19,301,225       $       $   

Total

   $ 19,301,225       $       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             136,143           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (18,185        

Total - Net

   $ 19,301,225       $ 117,958       $   

 

156   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

 

United Kingdom Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 28,127,234       $       $   

Investment of Cash Collateral for Securities Loaned

             44,109           

Total

   $ 28,127,234       $ 44,109       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             1,021,904           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (5,901        

Total - Net

   $ 28,127,234       $ 1,060,112       $   
  * Please refer to Schedule of Investments for a breakdown by industry type or country.

 

  ** Security is being fair valued by the Pricing Committee. The aggregate value of fair valued securities is $0.

The following is a summary of transfers between fair value measurement levels that occurred during fiscal year ended March 31, 2015. The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

 

Fund    Transfers from
Level 1 to Level 21
 

International SmallCap Dividend Fund

   $ 665,158   

Japan Hedged Equity Fund

   $ 3,577,540   

Japan Hedged SmallCap Equity Fund

   $ 88,994   

Japan SmallCap Dividend Fund

   $ 347,075   
  1 

Transfers from Level 1 to Level 2 are as a result of the unavailability of a quoted price in an active market for identical investments as of March 31, 2015.

Derivatives and Hedging Disclosure Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically forward foreign currency contracts during the fiscal year or period ended March 31, 2015 which are detailed in the tables herein. The Funds’ derivative agreements contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at March 31, 2015 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on pages 179 and 180. At March 31, 2015, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

The Funds listed below have invested in derivatives, specifically forward foreign currency contracts for the fiscal year or period ended March 31, 2015, which are detailed in the tables herein. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into forward foreign currency contracts from the potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

As of March 31, 2015, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

      Asset Derivatives      Liability Derivatives  
Fund    Balance Sheet Location    Value      Balance Sheet Location    Value  

DEFA Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts    $ 4,776       Unrealized depreciation on forward foreign currency contracts    $   

DEFA Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      8,895       Unrealized depreciation on forward foreign currency contracts      76   

Europe Dividend Growth Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      5       Unrealized depreciation on forward foreign currency contracts      3   

Europe Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      588,401,414       Unrealized depreciation on forward foreign currency contracts      31,157,980   

Europe Hedged SmallCap Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      1,149,816       Unrealized depreciation on forward foreign currency contracts      597,726   

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      157   


Table of Contents

Notes to Financial Statements (continued)

 

     Asset Derivatives     Liability Derivatives  
Fund   Balance Sheet Location   Value     Balance Sheet Location   Value  

Europe SmallCap Dividend Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts   $ 8,290      Unrealized depreciation on forward foreign currency contracts   $ 8,384   

Germany Hedged Equity Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     4,996,866      Unrealized depreciation on forward foreign currency contracts     1,437,692   

International Dividend ex-Financials Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts          Unrealized depreciation on forward foreign currency contracts     125   

International Hedged Dividend Growth Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     4,441,151      Unrealized depreciation on forward foreign currency contracts     398,044   

International LargeCap Dividend Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     17      Unrealized depreciation on forward foreign currency contracts     846   

International MidCap Dividend Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts          Unrealized depreciation on forward foreign currency contracts     33   

International SmallCap Dividend Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     8,573      Unrealized depreciation on forward foreign currency contracts     514   

Japan Hedged Capital Goods Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     6,925      Unrealized depreciation on forward foreign currency contracts     214   

Japan Hedged Equity Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     53,243,359      Unrealized depreciation on forward foreign currency contracts     14,680,041   

Japan Hedged Financials Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     18,873      Unrealized depreciation on forward foreign currency contracts     14,541   

Japan Hedged Health Care Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     5,222      Unrealized depreciation on forward foreign currency contracts     4,079   

Japan Hedged Real Estate Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     129,292      Unrealized depreciation on forward foreign currency contracts     2,474   

Japan Hedged SmallCap Equity Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     485,111      Unrealized depreciation on forward foreign currency contracts     8,624   

Japan Hedged Tech, Media and Telecom Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     15,151      Unrealized depreciation on forward foreign currency contracts     338   

Japan SmallCap Dividend Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts          Unrealized depreciation on forward foreign currency contracts     312   

Korea Hedged Equity Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     136,143      Unrealized depreciation on forward foreign currency contracts     18,185   

United Kingdom Hedged Equity Fund

       

Foreign exchange contracts

  Unrealized appreciation on forward foreign currency contracts     1,021,904      Unrealized depreciation on forward foreign currency contracts     5,901   

 

158   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

For the fiscal year or period ended March 31, 2015, the effect of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

Fund    Amount of Realized
Gain or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or (Depreciation) on
Derivatives Recognized2
 

Australia Dividend Fund

     

Foreign exchange contracts

   $ (66    $   

DEFA Equity Income Fund

     

Foreign exchange contracts

     (18,351      4,776   

DEFA Fund

     

Foreign exchange contracts

     (64,534      8,819   

Europe Dividend Growth Fund3

     

Foreign exchange contracts

     (570      2   

Europe Hedged Equity Fund

     

Foreign exchange contracts

     906,549,352         555,236,661   

Europe Hedged SmallCap Equity Fund4

     

Foreign exchange contracts

     285         552,090   

Europe SmallCap Dividend Fund

     

Foreign exchange contracts

     (143,572      8,330   

Germany Hedged Equity Fund

     

Foreign exchange contracts

     4,240,238         3,539,471   

International Dividend ex-Financials Fund

     

Foreign exchange contracts

     (19,760      (125

International Hedged Dividend Growth Fund3

     

Foreign exchange contracts

     1,943,443         4,043,107   

International LargeCap Dividend Fund

     

Foreign exchange contracts

     (20,258      (829

International MidCap Dividend Fund

     

Foreign exchange contracts

     (14,382      (33

International SmallCap Dividend Fund

     

Foreign exchange contracts

     32,637         8,060   

Japan Hedged Capital Goods Fund5

     

Foreign exchange contracts

     354,066         6,711   

Japan Hedged Equity Fund

     

Foreign exchange contracts

     1,687,604,094         (63,213,300

Japan Hedged Financials Fund5

     

Foreign exchange contracts

     1,102,617         4,332   

Japan Hedged Health Care Fund5

     

Foreign exchange contracts

     284,591         1,143   

Japan Hedged Real Estate Fund5

     

Foreign exchange contracts

     3,122,608         126,818   

Japan Hedged SmallCap Equity Fund

     

Foreign exchange contracts

     13,855,928         (149,002

Japan Hedged Tech, Media and Telecom Fund5

     

Foreign exchange contracts

     489,970         14,813   

Japan SmallCap Dividend Fund

     

Foreign exchange contracts

     4,734         (312

Korea Hedged Equity Fund

     

Foreign exchange contracts

     42,235         149,899   

United Kingdom Hedged Equity Fund

     

Foreign exchange contracts

     1,936,263         895,817   

 

  1 

Realized gains (losses) on derivatives are located on the Statement of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      159   


Table of Contents

Notes to Financial Statements (continued)

 

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statement of Operations as follows:

 

Foreign exchange contracts

   Net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

 

  3 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  4 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  5 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

During the fiscal year or period ended March 31, 2015, the volume of derivative activity (based on the average of month-end balances) for the Funds was as follows:

 

      Average Notional  
Fund    Forward foreign
currency contracts
(to deliver)
     Forward foreign
currency contracts
(to receive)
 

Australia Dividend Fund

  

Foreign exchange contracts

   $       $ 9,604   

DEFA Equity Income Fund

     

Foreign exchange contracts

     46,789         137,433   

DEFA Fund

     

Foreign exchange contracts

     108,244         283,912   

Europe Dividend Growth Fund1

     

Foreign exchange contracts

             2,735   

Europe Hedged Equity Fund

     

Foreign exchange contracts

     4,797,239,624         9,789,551,036   

Europe Hedged SmallCap Equity Fund2

     

Foreign exchange contracts

     125,989,259         246,713,783   

Europe SmallCap Dividend Fund

     

Foreign exchange contracts

     904,188         627,360   

Germany Hedged Equity Fund

     

Foreign exchange contracts

     40,362,552         82,608,722   

International Dividend ex-Financials Fund

     

Foreign exchange contracts

     79,571         148,592   

International Hedged Dividend Growth Fund1

     

Foreign exchange contracts

     34,551,677         69,498,089   

International LargeCap Dividend Fund

  

Foreign exchange contracts

     67,839         56,456   

International MidCap Dividend Fund

  

Foreign exchange contracts

     22,596         33,760   

International SmallCap Dividend Fund

  

Foreign exchange contracts

     337,871         387,831   

Japan Hedged Capital Goods Fund3

  

Foreign exchange contracts

     2,285,414         4,591,829   

Japan Hedged Equity Fund

  

Foreign exchange contracts

     10,979,138,462         22,644,773,439   

Japan Hedged Financials Fund3

  

Foreign exchange contracts

     6,012,793         12,066,434   

Japan Hedged Health Care Fund3

  

Foreign exchange contracts

     1,897,219         3,942,051   

Japan Hedged Real Estate Fund3

  

Foreign exchange contracts

     22,630,943         44,930,129   

Japan Hedged SmallCap Equity Fund

  

Foreign exchange contracts

     83,845,430         173,914,882   

Japan Hedged Tech, Media and Telecom Fund3

  

Foreign exchange contracts

     3,205,052         6,557,651   

Japan SmallCap Dividend Fund

  

Foreign exchange contracts

             92,028   

 

160   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

      Average Notional  
Fund    Forward foreign
currency contracts
(to deliver)
     Forward foreign
currency contracts
(to receive)
 

Korea Hedged Equity Fund

  

Foreign exchange contracts

   $ 9,897,925       $ 20,126,330   

United Kingdom Hedged Equity Fund

  

Foreign exchange contracts

     21,629,725         44,050,597   
  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premiums and discounts, is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statement of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of forward foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statement of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except Europe Dividend Growth Fund, Europe Hedged SmallCap Equity Fund, Germany Hedged Equity Fund, International Hedged Dividend Growth Fund, Japan Hedged Capital Goods Fund, Japan Hedged Financials Fund, Japan Hedged Health Care Fund, Japan Hedged Real Estate Fund, Japan Hedged SmallCap Equity Fund, Japan Hedged Tech, Media and Telecom Fund, Korea Hedged Equity Fund and United Kingdom Hedged Equity Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Europe Dividend Growth Fund, Europe Hedged SmallCap Equity Fund, Germany Hedged Equity Fund, International Hedged Dividend Growth Fund, Japan Hedged Capital Goods Fund, Japan Hedged Financials Fund, Japan Hedged Health Care Fund, Japan Hedged Real Estate Fund, Japan Hedged SmallCap Equity Fund, Japan Hedged Tech, Media and Telecom Fund, Korea Hedged Equity Fund and United Kingdom Hedged Equity Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      161   


Table of Contents

Notes to Financial Statements (continued)

 

The internal expenses of pooled investment vehicles in which the Funds may invest (acquired fund fees and expenses) are not expenses of the Funds and are not paid by WTAM.

During the fiscal year ended March 31, 2015, the Trust incurred expenses pertaining to proxy printing, mailing and solicitation. These proxy expenses are not paid by WTAM. During the period, each Fund in the Trust borne its pro rata allocation of these proxy expenses.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency forward and foreign currency futures contracts to facilitate local securities settlements or to protect against currency exposure in connection with distributions to shareholders. The Funds, other than Europe Hedged Equity Fund, Europe Hedged SmallCap Equity Fund, Germany Hedged Equity Fund, International Hedged Dividend Growth Fund, Japan Hedged Capital Goods Fund, Japan Hedged Equity Fund, Japan Hedged Financials Fund, Japan Hedged Health Care Fund, Japan Hedged Real Estate Fund, Japan Hedged SmallCap Equity Fund, Japan Hedged Tech, Media and Telecom Fund, Korea Hedged Equity Fund and the United Kingdom Hedged Equity Fund, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of a Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold.

The following Forward Contracts were open at March 31, 2015:

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

DEFA Equity Income Fund

   4/1/2015      AUD        188,334         USD        146,062       $ 2,184   
   4/1/2015      DKK        78,514         USD        11,484         197   
   4/1/2015      EUR        53,682         USD        58,646         991   
   4/1/2015      GBP        37,959         USD        56,531         182   
   4/1/2015      JPY        4,658,602         USD        39,113         267   
   4/1/2015      NOK        530,292         USD        66,756         955   
                                            $ 4,776   

DEFA Fund

                                               
   4/1/2015      AUD        221,373         USD        171,894       $ 2,776   
   4/1/2015      CHF        15,084         USD        15,749         219   
   4/1/2015      DKK        138,701         USD        20,314         374   
   4/1/2015      EUR        252,868         USD        273,889         2,309   
   4/1/2015      GBP        47,077         USD        70,191         306   
   4/1/2015      JPY        40,213,885         USD        337,688         2,362   
   4/1/2015      JPY        13,072,227         USD        108,927         (76
   4/1/2015      SEK        544,360         USD        63,670         549   
                                            $ 8,819   

 

162   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Europe Dividend Growth Fund

                                               
   4/1/2015      GBP        1,579         USD        2,341       $ (3
   4/1/2015      NOK        9,200         USD        1,147         5   
                                            $ 2   

Europe Hedged Equity Fund

                                               
   4/2/2015      EUR        11,113,953         USD        12,470,000       $ 533,618   
   4/2/2015      EUR        11,114,082         USD        12,470,000         533,480   
   4/2/2015      EUR        11,115,667         USD        12,470,000         531,777   
   4/2/2015      EUR        11,115,400         USD        12,470,000         532,065   
   4/2/2015      EUR        11,115,469         USD        12,470,000         531,990   
   4/2/2015      EUR        1,014,569,082         USD        1,139,219,039         49,572,201   
   4/2/2015      EUR        1,015,378,411         USD        1,139,219,039         48,702,981   
   4/2/2015      EUR        267,742,726         USD        300,408,677         12,853,083   
   4/2/2015      EUR        1,218,405,225         USD        1,367,062,847         58,496,061   
   4/2/2015      EUR        267,740,818         USD        300,408,678         12,855,134   
   4/2/2015      EUR        507,669,748         USD        569,609,519         24,372,387   
   4/2/2015      EUR        1,218,399,796         USD        1,367,062,847         58,501,893   
   4/2/2015      EUR        1,014,587,153         USD        1,139,219,039         49,552,792   
   4/2/2015      EUR        1,016,832,109         USD        1,139,219,039         47,141,709   
   4/2/2015      EUR        1,015,335,878         USD        1,139,219,039         48,748,662   
   4/2/2015      EUR        610,373,300         USD        683,531,423         27,990,713   
   4/2/2015      EUR        1,526,605,320         USD        1,708,828,564         69,254,985   
   4/2/2015      EUR        350,795,827         USD        392,796,611         16,042,016   
   4/2/2015      EUR        67,860,899         USD        76,000,000         3,117,418   
   4/2/2015      EUR        328,087,586         USD        367,039,456         14,673,504   
   4/2/2015      EUR        360,615,755         USD        399,235,899         11,934,705   
   4/2/2015      EUR        215,962,076         USD        238,253,682         6,310,487   
   4/2/2015      EUR        423,791,833         USD        460,409,142         5,256,862   
   4/2/2015      EUR        222,467,396         USD        238,253,682         (676,223
   4/2/2015      EUR        258,729,439         USD        273,669,770         (4,205,556
   4/2/2015      EUR        254,710,302         USD        270,450,125         (3,108,650
   4/2/2015      EUR        318,207,143         USD        334,843,012         (6,911,348
   4/2/2015      EUR        286,066,174         USD        302,646,569         (4,588,401
   4/2/2015      EUR        127,502,733         USD        135,225,063         (1,712,827
   4/2/2015      EUR        260,118,287         USD        276,889,414         (2,477,536
   4/2/2015      EUR        54,530,141         USD        57,953,598         (611,755
   4/2/2015      EUR        178,946,343         USD        193,178,661         990,352   
   4/2/2015      EUR        235,711,003         USD        257,571,548         4,418,014   
   4/2/2015      EUR        47,229,161         USD        51,514,310         790,208   
   4/2/2015      EUR        117,205,304         USD        128,785,774         2,907,319   
   4/2/2015      EUR        235,897,952         USD        257,571,548         4,217,230   
   4/2/2015      EUR        35,475,829         USD        38,635,732         534,704   
   4/2/2015      EUR        41,620,057         USD        45,075,021         375,095   
   4/2/2015      USD        15,707,328         EUR        14,374,220         (269,421
   4/2/2015      USD        673,425,961         EUR        626,151,521         (939,446
   4/2/2015      USD        1,178,495,432         EUR        1,096,682,889         (658,394
   4/2/2015      USD        1,346,851,923         EUR        1,254,285,643         250,418   
   4/2/2015      USD        2,828,389,038         EUR        2,631,059,570         (2,631,981
   4/2/2015      USD        1,515,208,413         EUR        1,411,334,215         564,040   
   4/2/2015      USD        1,515,208,413         EUR        1,410,808,578         (494
   4/2/2015      USD        1,515,208,413         EUR        1,410,808,578         (494

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      163   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Europe Hedged Equity Fund (continued)

                                               
   4/2/2015      USD        1,515,208,413         EUR        1,410,808,578       $ (494
   4/2/2015      USD        1,212,166,730         EUR        1,128,646,862         (395
   4/2/2015      USD        147,500,000         EUR        137,337,058         (48
   4/2/2015      USD        1,346,851,923         EUR        1,253,818,584         (251,203
   4/2/2015      USD        2,188,634,380         EUR        2,036,886,347         (1,019,156
   5/5/2015      EUR        43,018,472         USD        46,215,820         (5,985
   5/5/2015      EUR        625,895,460         USD        673,425,961         923,742   
   5/5/2015      EUR        1,096,226,892         USD        1,178,495,432         638,961   
   5/5/2015      EUR        1,253,769,563         USD        1,346,851,923         (278,496
   5/5/2015      EUR        2,629,995,340         USD        2,828,389,038         2,553,392   
   5/5/2015      EUR        1,410,230,830         USD        1,515,208,413         (34,024
   5/5/2015      EUR        1,410,762,604         USD        1,515,208,413         (605,396
   5/5/2015      EUR        1,410,237,393         USD        1,515,208,413         (41,076
   5/5/2015      EUR        1,410,250,518         USD        1,515,208,413         (55,179
   5/5/2015      EUR        405,396,422         USD        435,568,051         (15,862
   5/5/2015      EUR        1,128,200,414         USD        1,212,166,730         (44,143
   5/5/2015      EUR        1,253,311,053         USD        1,346,851,923         214,157   
   5/5/2015      EUR        43,014,508         USD        46,215,820         (1,726
   5/5/2015      EUR        2,036,041,234         USD        2,188,634,380         981,114   
   5/5/2015      EUR        43,017,111         USD        46,215,820         (4,522
   5/5/2015      EUR        43,010,905         USD        46,215,820         2,145   
   5/5/2015      EUR        43,020,114         USD        46,215,820         (7,749
                                            $ 557,243,434   

Europe Hedged SmallCap Equity Fund

                                               
   4/2/2015      EUR        2,232,681         USD        2,500,000       $ 102,101   
   4/2/2015      EUR        3,399,141         USD        3,750,000         99,324   
   4/2/2015      EUR        27,614,037         USD        30,000,000         342,534   
   4/2/2015      EUR        4,609,017         USD        5,000,000         49,917   
   4/2/2015      EUR        4,668,708         USD        5,000,000         (14,191
   4/2/2015      EUR        4,727,037         USD        5,000,000         (76,836
   4/2/2015      EUR        9,418,014         USD        10,000,000         (114,944
   4/2/2015      EUR        7,089,115         USD        7,500,000         (113,707
   4/2/2015      EUR        17,679,239         USD        18,750,000         (237,497
   4/2/2015      EUR        2,352,319         USD        2,500,000         (26,390
   4/2/2015      EUR        14,870,834         USD        16,250,000         278,729   
   4/2/2015      EUR        4,550,398         USD        5,000,000         112,874   
   4/2/2015      EUR        9,158,541         USD        10,000,000         163,731   
   4/2/2015      USD        18,187,500         EUR        16,932,781         (1,699
   4/2/2015      USD        18,187,500         EUR        16,934,184         (192
   4/2/2015      USD        24,250,000         EUR        22,579,143         (8
   4/2/2015      USD        12,125,000         EUR        11,290,139         606   
   4/2/2015      USD        4,219,287         EUR        3,927,293         (1,376
   4/2/2015      USD        12,125,000         EUR        11,288,521         (1,133
   4/2/2015      USD        18,187,500         EUR        16,933,853         (548
   4/2/2015      USD        18,187,500         EUR        16,933,096         (1,361
   4/7/2015      USD        519,972         EUR        483,988         (169
   5/5/2015      EUR        23,354,287         USD        25,092,757         (587
   5/5/2015      EUR        23,357,656         USD        25,092,756         (4,207
   5/5/2015      EUR        23,355,178         USD        25,092,757         (1,544
   5/5/2015      EUR        23,354,134         USD        25,092,756         (423
   5/5/2015      EUR        23,354,592         USD        25,092,757         (914
                                            $ 552,090   

 

164   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Europe SmallCap Dividend Fund

                                               
   4/1/2015      CHF        3,028         EUR        2,900       $ (2
   4/1/2015      CHF        10,103         GBP        7,000         (10
   4/1/2015      EUR        29,022         USD        31,732         563   
   4/1/2015      EUR        448,178         USD        485,108         3,765   
   4/1/2015      EUR        360,000         USD        389,545         2,905   
   4/1/2015      GBP        191,758         USD        283,840         (825
   4/1/2015      NOK        56,342         USD        7,016         25   
   4/1/2015      SEK        267,304         USD        31,111         116   
   4/1/2015      SEK        1,400,000         USD        162,678         341   
   4/1/2015      USD        610,264         EUR        563,807         (4,736
   4/1/2015      USD        89,838         GBP        60,693         261   
   4/1/2015      USD        594,608         SEK        5,108,870         (2,210
   4/2/2015      EUR        178,181         USD        191,508         143   
   4/2/2015      GBP        398,864         USD        592,273         159   
   4/2/2015      SEK        83,494         USD        9,686         4   
   4/2/2015      USD        393,550         EUR        366,161         (293
   4/2/2015      USD        62,114         GBP        41,830         (17
   4/2/2015      USD        635,763         SEK        5,480,343         (291
   4/7/2015      NOK        155,758         USD        19,335         8   
                                            $ (94

Germany Hedged Equity Fund

                                               
   4/2/2015      EUR        13,105,820         USD        14,704,900       $ 629,254   
   4/2/2015      EUR        13,105,971         USD        14,704,900         629,091   
   4/2/2015      EUR        2,668,418         USD        2,994,000         128,120   
   4/2/2015      EUR        2,668,830         USD        2,994,000         127,678   
   4/2/2015      EUR        2,668,449         USD        2,994,000         128,086   
   4/2/2015      EUR        13,107,841         USD        14,704,900         627,084   
   4/2/2015      EUR        2,668,766         USD        2,994,000         127,747   
   4/2/2015      EUR        13,107,525         USD        14,704,900         627,423   
   4/2/2015      EUR        13,107,607         USD        14,704,900         627,335   
   4/2/2015      EUR        2,668,782         USD        2,994,000         127,729   
   4/2/2015      EUR        453,426         USD        507,295         20,316   
   4/2/2015      EUR        1,347,206         USD        1,508,507         61,608   
   4/2/2015      EUR        17,713,557         USD        19,610,590         586,236   
   4/2/2015      EUR        18,077,109         USD        19,610,590         195,781   
   4/2/2015      EUR        5,634,224         USD        6,034,028         (17,126
   4/2/2015      EUR        28,414,278         USD        30,170,138         (346,786
   4/2/2015      EUR        10,034,922         USD        10,559,548         (217,955
   4/2/2015      EUR        19,962,094         USD        21,119,097         (320,185
   4/2/2015      EUR        14,223,602         USD        15,085,069         (191,075
   4/2/2015      EUR        34,011,288         USD        36,204,166         (323,946
   4/2/2015      EUR        19,563,161         USD        21,119,097         108,269   
   4/2/2015      EUR        9,610,029         USD        10,559,548         238,380   
   4/2/2015      USD        8,000,000         EUR        7,448,027         (822
   4/2/2015      USD        56,116,437         EUR        52,249,941         (18
   4/2/2015      USD        42,087,325         EUR        39,187,052         (445
   4/2/2015      USD        42,087,325         EUR        39,184,535         (3,148
   4/2/2015      USD        14,029,108         EUR        13,062,484         (5
   4/2/2015      USD        56,116,434         EUR        52,252,566         2,803   
   4/2/2015      USD        42,087,328         EUR        39,186,289         (1,268

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      165   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Germany Hedged Equity Fund (continued)

                                               
   4/2/2015      USD        28,058,216         EUR        26,122,536       $ (2,621
   5/5/2015      EUR        40,700,645         USD        43,733,250         1,867   
   5/5/2015      EUR        40,702,501         USD        43,733,250         (127
   5/5/2015      EUR        13,567,690         USD        14,577,750         (246
   5/5/2015      EUR        54,271,567         USD        58,311,000         (1,852
   5/5/2015      EUR        54,278,943         USD        58,311,000         (9,777
   5/5/2015      EUR        27,133,006         USD        29,155,500         2,059   
   5/5/2015      EUR        40,702,653         USD        43,733,250         (290
                                            $ 3,559,174   

International Dividend ex-Financials Fund

                                               
   4/1/2015      AUD        185,971         USD        142,069       $ (4
   4/1/2015      JPY        9,668,814         USD        80,503         (121
                                            $ (125

International Hedged Dividend Growth Fund

                                               
   4/2/2015      CHF        2,316,416         USD        2,446,279       $ 61,418   
   4/2/2015      CHF        2,316,416         USD        2,446,003         61,141   
   4/2/2015      CHF        2,316,416         USD        2,444,766         59,905   
   4/2/2015      CHF        2,316,416         USD        2,446,228         61,366   
   4/2/2015      CHF        2,316,416         USD        2,444,740         59,879   
   4/2/2015      CHF        22,537         USD        23,575         372   
   4/2/2015      CHF        3,794,789         USD        3,956,404         49,487   
   4/2/2015      CHF        1,445,351         USD        1,470,441         (17,617
   4/2/2015      CHF        1,300,022         USD        1,317,796         (20,639
   4/2/2015      CHF        331,614         USD        330,063         (11,350
   4/2/2015      CHF        1,992,958         USD        1,979,615         (72,231
   4/2/2015      CHF        986,268         USD        994,293         (21,117
   4/2/2015      CHF        1,936,056         USD        2,002,822         9,559   
   4/2/2015      CHF        958,561         USD        1,000,191         13,306   
   4/2/2015      EUR        5,959,233         USD        6,686,337         286,123   
   4/2/2015      EUR        5,959,233         USD        6,686,259         286,045   
   4/2/2015      EUR        5,959,233         USD        6,685,306         285,092   
   4/2/2015      EUR        5,959,234         USD        6,685,468         285,253   
   4/2/2015      EUR        5,959,233         USD        6,685,425         285,211   
   4/2/2015      EUR        58,232         USD        65,150         2,609   
   4/2/2015      EUR        9,731,037         USD        10,886,919         435,788   
   4/2/2015      EUR        3,704,060         USD        4,024,106         45,946   
   4/2/2015      EUR        3,343,425         USD        3,627,048         36,210   
   4/2/2015      EUR        855,145         USD        899,852         (18,573
   4/2/2015      EUR        5,177,200         USD        5,477,271         (83,040
   4/2/2015      EUR        2,558,929         USD        2,718,798         (29,491
   4/2/2015      EUR        5,046,265         USD        5,514,326         94,639   
   4/2/2015      EUR        2,492,651         USD        2,718,705         41,598   
   4/2/2015      GBP        2,533,784         USD        3,914,907         153,502   
   4/2/2015      GBP        2,533,784         USD        3,914,874         153,469   
   4/2/2015      GBP        2,533,784         USD        3,914,595         153,190   
   4/2/2015      GBP        2,533,784         USD        3,914,917         153,512   
   4/2/2015      GBP        2,533,785         USD        3,914,368         152,962   
   4/2/2015      GBP        24,534         USD        37,674         1,253   
   4/2/2015      GBP        4,116,375         USD        6,325,963         215,200   
   4/2/2015      GBP        1,556,712         USD        2,344,348         33,407   

 

166   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

International Hedged Dividend Growth Fund (continued)

                                               
   4/2/2015      GBP        1,399,546         USD        2,112,436       $ 34,808   
   4/2/2015      GBP        353,548         USD        521,491         (3,351
   4/2/2015      GBP        2,143,434         USD        3,172,197         (9,733
   4/2/2015      GBP        1,076,570         USD        1,585,399         (12,770
   4/2/2015      GBP        2,119,085         USD        3,164,478         18,694   
   4/2/2015      GBP        1,058,656         USD        1,574,011         2,435   
   4/2/2015      ILS        272,974         USD        68,457         (187
   4/2/2015      ILS        272,975         USD        68,459         (185
   4/2/2015      ILS        272,974         USD        68,478         (166
   4/2/2015      ILS        272,975         USD        68,455         (188
   4/2/2015      ILS        272,975         USD        68,478         (166
   4/2/2015      ILS        2,679         USD        669         (4
   4/2/2015      ILS        448,405         USD        112,664         (94
   4/2/2015      ILS        167,793         USD        41,678         (516
   4/2/2015      ILS        150,363         USD        37,522         (289
   4/2/2015      ILS        37,396         USD        9,258         (146
   4/2/2015      ILS        226,304         USD        56,461         (446
   4/2/2015      ILS        112,734         USD        27,960         (389
   4/2/2015      ILS        227,312         USD        57,322         161   
   4/2/2015      ILS        111,079         USD        28,359         426   
   4/2/2015      SEK        7,218,489         USD        865,691         28,672   
   4/2/2015      SEK        7,218,490         USD        865,676         28,657   
   4/2/2015      SEK        7,218,489         USD        865,381         28,363   
   4/2/2015      SEK        7,218,490         USD        865,666         28,648   
   4/2/2015      SEK        7,218,490         USD        865,398         28,379   
   4/2/2015      SEK        70,260         USD        8,425         278   
   4/2/2015      SEK        11,702,437         USD        1,414,041         57,087   
   4/2/2015      SEK        4,394,973         USD        518,792         9,174   
   4/2/2015      SEK        3,968,394         USD        467,472         7,317   
   4/2/2015      SEK        1,008,127         USD        116,225         (673
   4/2/2015      SEK        6,094,428         USD        705,999         (679
   4/2/2015      SEK        3,074,085         USD        353,789         (2,666
   4/2/2015      SEK        6,070,507         USD        714,094         10,190   
   4/2/2015      SEK        2,986,218         USD        350,681         4,414   
   4/2/2015      USD        34,826         CHF        33,665         (166
   4/2/2015      USD        653,788         CHF        634,991         (34
   4/2/2015      USD        5,007,015         CHF        4,863,314           
   4/2/2015      USD        5,007,015         CHF        4,863,314           
   4/2/2015      USD        5,007,016         CHF        4,863,315           
   4/2/2015      USD        5,006,763         CHF        4,863,314         253   
   4/2/2015      USD        5,007,026         CHF        4,863,314         (10
   4/2/2015      USD        95,885         EUR        87,746         (1,646
   4/2/2015      USD        1,659,695         EUR        1,545,268         (78
   4/2/2015      USD        13,462,529         EUR        12,535,072         133   
   4/2/2015      USD        13,462,667         EUR        12,535,072         (4
   4/2/2015      USD        13,462,668         EUR        12,535,073         (4
   4/2/2015      USD        13,461,992         EUR        12,535,073         672   
   4/2/2015      USD        13,462,331         EUR        12,535,074         334   
   4/2/2015      USD        55,024         GBP        36,847         (325
   4/2/2015      USD        833,687         GBP        561,568         (39

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      167   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

International Hedged Dividend Growth Fund (continued)

                                               
   4/2/2015      USD        7,862,069         GBP        5,296,106       $ 6   
   4/2/2015      USD        7,862,071         GBP        5,296,107         6   
   4/2/2015      USD        7,862,071         GBP        5,296,107         6   
   4/2/2015      USD        7,862,267         GBP        5,296,107         (190
   4/2/2015      USD        7,861,679         GBP        5,296,107         398   
   4/2/2015      USD        309,218         HKD        2,397,259         (16
   4/2/2015      USD        997         ILS        3,953         (3
   4/2/2015      USD        62,463         ILS        248,382         (3
   4/2/2015      USD        143,083         ILS        568,997           
   4/2/2015      USD        143,083         ILS        568,997           
   4/2/2015      USD        143,083         ILS        568,997           
   4/2/2015      USD        143,054         ILS        568,997         29   
   4/2/2015      USD        143,064         ILS        568,997         18   
   4/2/2015      USD        12,417         SEK        105,556         (177
   4/2/2015      USD        167,733         SEK        1,446,464         (9
   4/2/2015      USD        1,747,585         SEK        15,071,264           
   4/2/2015      USD        1,747,585         SEK        15,071,264           
   4/2/2015      USD        1,747,586         SEK        15,071,265           
   4/2/2015      USD        1,747,454         SEK        15,071,264         131   
   4/2/2015      USD        1,747,306         SEK        15,071,264         279   
   4/3/2015      JPY        208,413,436         USD        1,744,148         6,257   
   4/3/2015      JPY        208,413,447         USD        1,744,119         6,228   
   4/3/2015      JPY        208,413,436         USD        1,743,892         6,002   
   4/3/2015      JPY        208,413,436         USD        1,743,924         6,034   
   4/3/2015      JPY        208,413,428         USD        1,743,929         6,038   
   4/3/2015      JPY        2,038,223         USD        16,977         (20
   4/3/2015      JPY        341,642,413         USD        2,858,047         9,204   
   4/3/2015      JPY        128,153,316         USD        1,058,086         (10,542
   4/3/2015      JPY        114,838,253         USD        947,673         (9,925
   4/3/2015      JPY        28,740,377         USD        237,229         (2,427
   4/3/2015      JPY        172,314,160         USD        1,420,872         (15,998
   4/3/2015      JPY        85,958,014         USD        710,923         (5,853
   4/3/2015      JPY        170,998,903         USD        1,428,029         2,126   
   4/3/2015      JPY        85,147,610         USD        710,069         52   
   4/3/2015      USD        24,831         JPY        2,973,389         (37
   4/3/2015      USD        461,842         JPY        55,382,674         (31
   4/3/2015      USD        3,617,199         JPY        433,785,012         (9
   4/3/2015      USD        3,617,196         JPY        433,784,993         (6
   4/3/2015      USD        3,617,199         JPY        433,785,012         (9
   4/3/2015      USD        3,617,169         JPY        433,785,034         21   
   4/3/2015      USD        3,617,106         JPY        433,785,012         84   
   4/6/2015      SGD        489,919         USD        359,856         2,723   
   4/6/2015      SGD        489,919         USD        359,838         2,704   
   4/6/2015      SGD        489,919         USD        359,758         2,625   
   4/6/2015      SGD        489,919         USD        359,824         2,691   
   4/6/2015      SGD        489,919         USD        359,793         2,659   
   4/6/2015      SGD        4,698         USD        3,437         12   
   4/6/2015      SGD        786,281         USD        576,167         2,996   
   4/6/2015      SGD        296,184         USD        214,443         (1,465
   4/6/2015      SGD        264,974         USD        191,900         (1,257

 

168   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

International Hedged Dividend Growth Fund (continued)

                                               
   4/6/2015      SGD        66,220         USD        47,575       $ (697
   4/6/2015      SGD        400,731         USD        288,257         (3,862
   4/6/2015      SGD        200,142         USD        143,966         (1,930
   4/6/2015      SGD        398,167         USD        291,153         903   
   4/6/2015      SGD        196,901         USD        143,864         331   
   4/6/2015      USD        5,062         SGD        6,923         (16
   4/6/2015      USD        737,289         SGD        1,011,394         (18
   4/6/2015      USD        737,345         SGD        1,011,394         (74
   4/6/2015      USD        737,329         SGD        1,011,394         (58
   4/6/2015      USD        737,251         SGD        1,011,394         19   
   4/6/2015      USD        737,133         SGD        1,011,394         138   
   4/7/2015      AUD        1,859,573         USD        1,452,661         32,479   
   4/7/2015      AUD        1,859,573         USD        1,452,676         32,493   
   4/7/2015      AUD        1,859,573         USD        1,452,687         32,505   
   4/7/2015      AUD        1,859,573         USD        1,452,364         32,181   
   4/7/2015      AUD        1,859,574         USD        1,452,383         32,200   
   4/7/2015      AUD        18,206         USD        14,130         226   
   4/7/2015      AUD        3,054,202         USD        2,387,091         54,553   
   4/7/2015      AUD        1,146,357         USD        884,793         9,303   
   4/7/2015      AUD        1,024,717         USD        789,257         6,665   
   4/7/2015      AUD        257,077         USD        195,878         (455
   4/7/2015      AUD        1,557,623         USD        1,190,943         1,364   
   4/7/2015      AUD        776,420         USD        590,963         (2,000
   4/7/2015      AUD        1,531,430         USD        1,200,750         31,175   
   4/7/2015      AUD        757,274         USD        595,473         17,132   
   4/7/2015      DKK        3,588,234         USD        539,941         24,093   
   4/7/2015      DKK        3,588,234         USD        539,726         23,878   
   4/7/2015      DKK        3,588,234         USD        539,755         23,907   
   4/7/2015      DKK        3,588,234         USD        539,958         24,111   
   4/7/2015      DKK        3,588,234         USD        539,884         24,037   
   4/7/2015      DKK        35,266         USD        5,297         227   
   4/7/2015      DKK        5,885,743         USD        884,296         38,157   
   4/7/2015      DKK        2,240,840         USD        326,950         4,805   
   4/7/2015      DKK        2,021,536         USD        294,468         3,850   
   4/7/2015      DKK        517,619         USD        73,053         (1,361
   4/7/2015      DKK        3,134,026         USD        444,431         (6,119
   4/7/2015      DKK        1,548,015         USD        220,799         (1,745
   4/7/2015      DKK        3,053,767         USD        447,632         8,620   
   4/7/2015      DKK        1,508,449         USD        220,569         3,713   
   4/7/2015      NOK        3,015,519         USD        394,836         20,660   
   4/7/2015      NOK        3,015,520         USD        394,836         20,661   
   4/7/2015      NOK        3,015,519         USD        394,983         20,807   
   4/7/2015      NOK        3,015,520         USD        394,832         20,656   
   4/7/2015      NOK        3,015,520         USD        394,984         20,809   
   4/7/2015      NOK        29,317         USD        3,807         169   
   4/7/2015      NOK        4,923,868         USD        638,070         27,100   
   4/7/2015      NOK        1,858,070         USD        235,756         5,201   
   4/7/2015      NOK        1,682,283         USD        211,741         2,998   
   4/7/2015      NOK        432,921         USD        52,797         (922
   4/7/2015      NOK        2,626,058         USD        317,799         (8,051

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      169   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

International Hedged Dividend Growth Fund (continued)

                                               
   4/7/2015      NOK        1,338,591         USD        165,334       $ (763
   4/7/2015      NOK        2,577,208         USD        326,741         6,952   
   4/7/2015      NOK        1,263,202         USD        160,509         3,767   
   4/7/2015      NZD        42,953         USD        32,395         200   
   4/7/2015      NZD        42,953         USD        32,394         199   
   4/7/2015      NZD        42,953         USD        32,397         203   
   4/7/2015      NZD        42,953         USD        32,396         201   
   4/7/2015      NZD        42,953         USD        32,406         211   
   4/7/2015      NZD        426         USD        319           
   4/7/2015      NZD        71,432         USD        53,809         268   
   4/7/2015      NZD        26,952         USD        19,837         (364
   4/7/2015      NZD        24,274         USD        17,817         (377
   4/7/2015      NZD        6,048         USD        4,422         (112
   4/7/2015      NZD        36,682         USD        27,051         (444
   4/7/2015      NZD        18,252         USD        13,445         (236
   4/7/2015      NZD        35,560         USD        27,068         415   
   4/7/2015      NZD        17,629         USD        13,437         223   
   4/7/2015      USD        20,879         AUD        26,629         (542
   4/7/2015      USD        242,324         AUD        317,282         63   
   4/7/2015      USD        2,962,388         AUD        3,878,908         (10
   4/7/2015      USD        2,962,380         AUD        3,878,908         (2
   4/7/2015      USD        2,962,385         AUD        3,878,909         (6
   4/7/2015      USD        2,962,261         AUD        3,878,909         118   
   4/7/2015      USD        2,962,362         AUD        3,878,909         17   
   4/7/2015      USD        7,784         DKK        53,100         (150
   4/7/2015      USD        192,091         DKK        1,336,119         (10
   4/7/2015      USD        1,087,790         DKK        7,566,666           
   4/7/2015      USD        1,087,790         DKK        7,566,666           
   4/7/2015      USD        1,087,790         DKK        7,566,667           
   4/7/2015      USD        1,087,762         DKK        7,566,666         28   
   4/7/2015      USD        1,087,665         DKK        7,566,666         125   
   4/7/2015      USD        133,104         EUR        123,919         (15
   4/7/2015      USD        5,681         NOK        44,813         (121
   4/7/2015      USD        111,200         NOK        896,129         (6
   4/7/2015      USD        788,284         NOK        6,352,860           
   4/7/2015      USD        788,284         NOK        6,352,860           
   4/7/2015      USD        788,284         NOK        6,352,861           
   4/7/2015      USD        788,324         NOK        6,352,861         (39
   4/7/2015      USD        788,262         NOK        6,352,861         22   
   4/7/2015      USD        470         NZD        618         (7
   4/7/2015      USD        60,798         NZD        81,110         27   
   4/7/2015      USD        67,669         NZD        90,280         (1
   4/7/2015      USD        67,669         NZD        90,281           
   4/7/2015      USD        67,670         NZD        90,281         (1
   4/7/2015      USD        67,672         NZD        90,280         (4
   4/7/2015      USD        67,667         NZD        90,280         1   
   5/5/2015      AUD        3,802,878         USD        2,899,679         (43
   5/5/2015      AUD        3,802,848         USD        2,899,679         (20
   5/5/2015      AUD        3,802,823         USD        2,899,679         (1
   5/5/2015      AUD        3,803,122         USD        2,899,679         (229

 

170   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

International Hedged Dividend Growth Fund (continued)

                                               
   5/5/2015      AUD        3,803,082         USD        2,899,679       $ (199
   5/5/2015      CHF        5,041,425         USD        5,197,029         (207
   5/5/2015      CHF        5,041,778         USD        5,197,029         (571
   5/5/2015      CHF        5,041,337         USD        5,197,030         (116
   5/5/2015      CHF        5,042,039         USD        5,197,030         (839
   5/5/2015      CHF        5,041,421         USD        5,197,030         (202
   5/5/2015      DKK        8,893,876         USD        1,279,611         (269
   5/5/2015      DKK        8,892,600         USD        1,279,612         (84
   5/5/2015      DKK        8,892,664         USD        1,279,612         (93
   5/5/2015      DKK        8,893,810         USD        1,279,611         (259
   5/5/2015      DKK        8,894,421         USD        1,279,611         (347
   5/5/2015      EUR        13,237,097         USD        14,222,546         (240
   5/5/2015      EUR        13,237,183         USD        14,222,546         (333
   5/5/2015      EUR        13,237,135         USD        14,222,547         (280
   5/5/2015      EUR        13,237,690         USD        14,222,548         (875
   5/5/2015      EUR        13,239,094         USD        14,222,547         (2,385
   5/5/2015      GBP        5,224,851         USD        7,754,546         (79
   5/5/2015      GBP        5,224,840         USD        7,754,546         (63
   5/5/2015      GBP        5,224,809         USD        7,754,546         (16
   5/5/2015      GBP        5,224,742         USD        7,754,546         83   
   5/5/2015      GBP        5,225,125         USD        7,754,546         (486
   5/5/2015      ILS        624,810         USD        157,102         (11
   5/5/2015      ILS        624,792         USD        157,103         (5
   5/5/2015      ILS        624,839         USD        157,103         (17
   5/5/2015      ILS        624,929         USD        157,103         (40
   5/5/2015      ILS        624,898         USD        157,103         (32
   5/5/2015      NOK        6,670,420         USD        826,971         (13
   5/5/2015      NOK        6,670,537         USD        826,971         (27
   5/5/2015      NOK        6,670,356         USD        826,972         (4
   5/5/2015      NOK        6,670,667         USD        826,972         (43
   5/5/2015      NOK        6,670,066         USD        826,972         32   
   5/5/2015      NZD        102,678         USD        76,752           
   5/5/2015      NZD        102,679         USD        76,753         1   
   5/5/2015      NZD        102,682         USD        76,753         (1
   5/5/2015      NZD        102,682         USD        76,752         (3
   5/5/2015      NZD        102,675         USD        76,752         3   
   5/5/2015      SEK        15,177,119         USD        1,760,667         (30
   5/5/2015      SEK        15,177,154         USD        1,760,667         (34
   5/5/2015      SEK        15,177,240         USD        1,760,668         (43
   5/5/2015      SEK        15,178,428         USD        1,760,668         (181
   5/5/2015      SEK        15,179,825         USD        1,760,668         (343
   5/6/2015      SGD        1,007,539         USD        733,835         (72
   5/6/2015      SGD        1,007,564         USD        733,835         (90
   5/6/2015      SGD        1,007,579         USD        733,836         (101
   5/6/2015      SGD        1,007,767         USD        733,835         (239
   5/6/2015      SGD        1,007,580         USD        733,835         (102
   5/8/2015      JPY        452,949,475         USD        3,778,641         (151
   5/8/2015      JPY        452,938,139         USD        3,778,641         (57
   5/8/2015      JPY        452,940,784         USD        3,778,641         (79
   5/8/2015      JPY        452,983,483         USD        3,778,641         (435
   5/8/2015      JPY        452,949,097         USD        3,778,641         (148
                                            $ 4,043,107   

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      171   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

International LargeCap Dividend Fund

                                               
   4/2/2015      AUD        351,150         EUR        249,000       $ (835
   4/2/2015      GBP        40,000         HKD        460,508         17   
   4/2/2015      JPY        2,500,000         HKD        161,588         (4
   4/2/2015      SEK        950,000         HKD        854,003         (7
                                            $ (829

International MidCap Dividend Fund

                                               
     4/1/2015      USD        5,872         JPY        700,280       $ (33

International SmallCap Dividend Fund

                                               
   4/1/2015      AUD        316,629         USD        242,357       $ 469   
   4/1/2015      CHF        22,324         USD        23,053         70   
   4/1/2015      DKK        345,437         USD        50,070         409   
   4/1/2015      HKD        5,148,790         USD        663,973         (126
   4/1/2015      JPY        125,000,000         USD        1,049,943         7,625   
   4/1/2015      SGD        197,186         USD        143,365         (388
                                            $ 8,059   

Japan Hedged Capital Goods Fund

                                               
   4/2/2015      JPY        75,038         USD        625       $ (1
   4/3/2015      JPY        32,597,690         USD        272,800         979   
   4/3/2015      JPY        32,598,236         USD        272,800         974   
   4/3/2015      JPY        32,601,864         USD        272,800         944   
   4/3/2015      JPY        32,602,464         USD        272,800         939   
   4/3/2015      JPY        32,601,782         USD        272,800         944   
   4/3/2015      JPY        163,373,971         USD        1,364,349         2,027   
   4/3/2015      USD        409,253         JPY        49,072,545         (53
   4/3/2015      USD        409,252         JPY        49,076,272         (21
   4/3/2015      USD        545,669         JPY        65,437,936         (4
   4/3/2015      USD        272,835         JPY        32,714,962         (36
   4/3/2015      USD        409,252         JPY        49,076,272         (21
   4/3/2015      USD        409,253         JPY        49,075,123         (32
   4/3/2015      USD        272,835         JPY        32,720,010         6   
   5/8/2015      JPY        49,929,390         USD        416,550         7   
   5/8/2015      JPY        49,929,349         USD        416,550         8   
   5/8/2015      JPY        33,283,039         USD        277,700         32   
   5/8/2015      JPY        49,924,683         USD        416,550         47   
   5/8/2015      JPY        66,575,409         USD        555,400         (14
   5/8/2015      JPY        49,928,099         USD        416,550         18   
   5/8/2015      JPY        33,290,676         USD        277,700         (32
                                            $ 6,711   

Japan Hedged Equity Fund

                                               
   4/2/2015      USD        1,813,860         JPY        217,500,000       $ (227
   4/2/2015      USD        1,813,723         JPY        217,500,000         (89
   4/2/2015      USD        1,813,770         JPY        217,500,000         (136
   4/2/2015      USD        1,813,679         JPY        217,500,000         (45
   4/2/2015      USD        2,418,178         JPY        290,000,000           
   4/2/2015      USD        1,209,028         JPY        145,000,000         60   
   4/2/2015      USD        1,209,240         JPY        145,000,000         (151
   4/3/2015      JPY        6,376,973,965         USD        53,396,820         221,344   
   4/3/2015      JPY        5,787,319,554         USD        48,425,400         166,857   
   4/3/2015      JPY        156,703,077,761         USD        1,309,897,833         3,202,722   

 

172   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Japan Hedged Equity Fund (continued)

                                               
   4/3/2015      JPY        156,268,191,681         USD        1,309,897,833       $ 6,829,093   
   4/3/2015      JPY        6,382,431,120         USD        53,396,820         175,839   
   4/3/2015      JPY        31,902,731,539         USD        266,984,104         957,783   
   4/3/2015      JPY        31,775,652,495         USD        265,916,168         949,517   
   4/3/2015      JPY        25,649,903,531         USD        214,655,220         769,162   
   4/3/2015      JPY        156,528,599,370         USD        1,309,897,833         4,657,640   
   4/3/2015      JPY        156,524,538,687         USD        1,309,897,833         4,691,501   
   4/3/2015      JPY        156,255,485,672         USD        1,309,897,833         6,935,045   
   4/3/2015      JPY        156,525,586,605         USD        1,309,897,833         4,682,762   
   4/3/2015      JPY        6,382,453,195         USD        53,396,826         175,661   
   4/3/2015      JPY        6,370,614,403         USD        53,396,820         274,375   
   4/3/2015      JPY        156,520,347,014         USD        1,309,897,833         4,726,454   
   4/3/2015      JPY        12,762,149,801         USD        106,793,641         374,297   
   4/3/2015      JPY        156,729,930,667         USD        1,309,897,833         2,978,805   
   4/3/2015      JPY        156,822,278,464         USD        1,309,897,833         2,208,747   
   4/3/2015      JPY        156,820,314,695         USD        1,309,897,842         2,225,131   
   4/3/2015      JPY        4,200,685,785         USD        34,976,393         (51,736
   4/3/2015      JPY        3,216,267,707         USD        26,904,918         85,526   
   4/3/2015      JPY        4,505,599,783         USD        37,666,885         96,179   
   4/3/2015      JPY        20,040,445,698         USD        166,810,492         (300,153
   4/3/2015      JPY        68,106,200,014         USD        562,312,786         (5,602,279
   4/3/2015      JPY        9,780,949,317         USD        80,714,754         (845,346
   4/3/2015      JPY        1,304,232,018         USD        10,761,967         (113,592
   4/3/2015      JPY        1,960,714,756         USD        16,142,951         (206,801
   4/3/2015      JPY        326,219,464         USD        2,690,492         (29,744
   4/3/2015      JPY        977,860,003         USD        8,071,475         (82,576
   4/3/2015      JPY        9,135,989,956         USD        75,333,770         (848,227
   4/3/2015      JPY        652,455,071         USD        5,380,984         (59,623
   4/3/2015      JPY        4,553,173,058         USD        37,666,885         (300,518
   4/3/2015      JPY        1,951,884,562         USD        16,142,951         (133,169
   4/3/2015      JPY        4,205,596,470         USD        34,976,393         (92,684
   4/3/2015      JPY        6,774,937,380         USD        56,500,328         6,367   
   4/3/2015      JPY        2,881,908,967         USD        24,214,426         183,141   
   4/3/2015      JPY        1,602,759,596         USD        13,452,459         87,577   
   4/3/2015      USD        1,388,345,532         JPY        166,462,629,286         (268,751
   4/3/2015      USD        1,465,475,839         JPY        175,886,410,196         1,182,733   
   4/3/2015      USD        1,388,345,532         JPY        166,656,997,661         1,352,023   
   4/3/2015      USD        2,005,387,990         JPY        240,345,750,601         (1,224,309
   4/3/2015      USD        1,542,606,146         JPY        184,927,624,782         (555,878
   4/3/2015      USD        1,388,345,532         JPY        166,497,337,925         20,673   
   4/3/2015      USD        1,388,345,532         JPY        166,494,283,564         (4,796
   4/3/2015      USD        1,619,736,454         JPY        194,246,894,245         24,119   
   4/3/2015      USD        1,696,866,764         JPY        203,522,199,674         237,511   
   4/3/2015      USD        1,542,606,146         JPY        185,097,311,458         859,083   
   5/8/2015      JPY        593,594,560         USD        4,951,449         (694
   5/8/2015      JPY        593,565,842         USD        4,951,449         (454
   5/8/2015      JPY        166,387,658,628         USD        1,388,345,532         233,966   
   5/8/2015      JPY        166,579,944,484         USD        1,388,345,532         (1,370,205
   5/8/2015      JPY        240,240,467,732         USD        2,005,387,990         1,149,366   
   5/8/2015      JPY        184,846,637,959         USD        1,542,606,146         498,046   

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      173   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Japan Hedged Equity Fund (continued)

                                               
   5/8/2015      JPY        166,417,508,057         USD        1,388,345,532       $ (15,057
   5/8/2015      JPY        166,420,978,920         USD        1,388,345,532         (44,013
   5/8/2015      JPY        175,808,739,977         USD        1,465,475,839         (1,232,374
   5/8/2015      JPY        29,552,389,193         USD        246,534,935         (9,872
   5/8/2015      JPY        29,552,635,728         USD        246,534,935         (11,929
   5/8/2015      JPY        194,161,048,213         USD        1,619,736,454         (78,375
   5/8/2015      JPY        203,428,362,942         USD        1,696,866,764         (261,892
   5/8/2015      JPY        593,574,754         USD        4,951,449         (529
   5/8/2015      JPY        593,535,143         USD        4,951,449         (198
   5/8/2015      JPY        593,579,706         USD        4,951,449         (570
   5/8/2015      JPY        185,017,095,938         USD        1,542,606,146         (924,023
   5/8/2015      USD        66,376,137         JPY        7,955,173,381         (9,026
   5/8/2015      USD        66,376,136         JPY        7,959,162,467         24,254   
                                            $ 38,563,318   

Japan Hedged Financials Fund

                                               
   4/3/2015      JPY        126,423,594         USD        1,058,000       $ 3,796   
   4/3/2015      JPY        126,425,710         USD        1,058,000         3,778   
   4/3/2015      JPY        126,442,109         USD        1,058,000         3,641   
   4/3/2015      JPY        126,439,781         USD        1,058,000         3,661   
   4/3/2015      JPY        126,439,464         USD        1,058,000         3,663   
   4/3/2015      JPY        160,159,297         USD        1,322,341         (13,174
   4/3/2015      JPY        158,669,018         USD        1,322,341         (747
   4/3/2015      USD        1,190,202         JPY        142,714,265         (155
   4/3/2015      USD        1,190,202         JPY        142,725,453         (62
   4/3/2015      USD        1,586,937         JPY        190,309,293         (11
   4/3/2015      USD        47,549         JPY        5,702,129         (2
   4/3/2015      USD        793,469         JPY        95,142,884         (104
   4/3/2015      USD        1,190,202         JPY        142,725,453         (62
   4/3/2015      USD        1,190,202         JPY        142,721,763         (92
   4/3/2015      USD        793,468         JPY        95,157,443         18   
   5/8/2015      JPY        141,805,223         USD        1,183,050         21   
   5/8/2015      JPY        141,791,855         USD        1,183,050         132   
   5/8/2015      JPY        141,805,105         USD        1,183,050         22   
   5/8/2015      JPY        189,081,833         USD        1,577,400         (41
   5/8/2015      JPY        94,527,666         USD        788,700         90   
   5/8/2015      JPY        141,801,556         USD        1,183,050         51   
   5/8/2015      JPY        94,549,356         USD        788,700         (91
                                            $ 4,332   

Japan Hedged Health Care Fund

                                               
   4/1/2015      JPY        125,000         USD        1,042       $ (1
   4/3/2015      JPY        34,714,850         USD        290,513         1,037   
   4/3/2015      JPY        34,718,714         USD        290,513         1,005   
   4/3/2015      JPY        34,714,269         USD        290,513         1,042   
   4/3/2015      JPY        34,718,747         USD        290,514         1,006   
   4/3/2015      JPY        34,719,353         USD        290,513         1,000   
   4/3/2015      JPY        174,606,284         USD        1,452,136         (3,848
   4/3/2015      USD        435,705         JPY        52,248,436         (22
   4/3/2015      USD        290,471         JPY        34,829,651         (38
   4/3/2015      USD        435,705         JPY        52,244,340         (57
   4/3/2015      USD        435,705         JPY        52,248,436         (23

 

174   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Japan Hedged Health Care Fund (continued)

                                               
   4/3/2015      USD        435,705         JPY        52,247,085       $ (34
   4/3/2015      USD        580,941         JPY        69,667,838         (4
   4/3/2015      USD        290,470         JPY        34,834,905         7   
   5/8/2015      JPY        55,724,960         USD        464,945         52   
   5/8/2015      JPY        37,149,960         USD        309,964         36   
   5/8/2015      JPY        55,730,094         USD        464,944         8   
   5/8/2015      JPY        55,728,772         USD        464,945         20   
   5/8/2015      JPY        55,730,167         USD        464,945         9   
   5/8/2015      JPY        74,310,095         USD        619,926         (16
   5/8/2015      JPY        37,158,364         USD        309,963         (36
                                            $ 1,143   

Japan Hedged Real Estate Fund

                                               
   4/3/2015      JPY        856,564,059         USD        7,168,200       $ 25,596   
   4/3/2015      JPY        856,675,166         USD        7,168,200         24,669   
   4/3/2015      JPY        856,659,396         USD        7,168,200         24,801   
   4/3/2015      JPY        856,549,722         USD        7,168,200         25,715   
   4/3/2015      JPY        856,657,245         USD        7,168,200         24,819   
   4/3/2015      USD        4,133,815         JPY        496,020,595         2,337   
   4/3/2015      USD        4,756,077         JPY        570,334,485         (247
   4/3/2015      USD        4,756,078         JPY        570,289,898         (619
   4/3/2015      USD        3,170,718         JPY        380,251,526         74   
   4/3/2015      USD        3,170,719         JPY        380,192,988         (416
   4/3/2015      USD        4,756,078         JPY        570,334,605         (247
   4/3/2015      USD        4,756,078         JPY        570,319,861         (369
   4/3/2015      USD        6,341,437         JPY        760,480,344         (43
   5/8/2015      JPY        574,754,102         USD        4,795,500         536   
   5/8/2015      JPY        574,808,291         USD        4,795,500         84   
   5/8/2015      JPY        574,807,812         USD        4,795,500         88   
   5/8/2015      JPY        383,168,442         USD        3,197,000         365   
   5/8/2015      JPY        574,793,425         USD        4,795,500         208   
   5/8/2015      JPY        383,256,360         USD        3,197,000         (368
   5/8/2015      JPY        766,444,304         USD        6,394,000         (165
                                            $ 126,818   

Japan Hedged SmallCap Equity Fund

                                               
   4/2/2015      JPY        1,500,000         USD        12,504       $ (4
   4/3/2015      JPY        2,281,608,662         USD        19,094,078         68,498   
   4/3/2015      JPY        2,281,646,850         USD        19,094,078         68,180   
   4/3/2015      JPY        2,281,900,801         USD        19,094,078         66,062   
   4/3/2015      JPY        2,281,942,808         USD        19,094,078         65,712   
   4/3/2015      JPY        2,281,895,073         USD        19,094,078         66,110   
   4/3/2015      JPY        1,965,435,841         USD        16,467,681         78,562   
   4/3/2015      USD        6,587,072         JPY        798,216,115         68,988   
   4/3/2015      USD        21,070,200         JPY        2,526,788,952         (143
   4/3/2015      USD        15,802,650         JPY        1,895,006,380         (819
   4/3/2015      USD        10,535,100         JPY        1,263,237,503         (1,380
   4/3/2015      USD        15,802,650         JPY        1,894,957,391         (1,227
   4/3/2015      USD        15,802,649         JPY        1,895,006,260         (819
   4/3/2015      USD        5,267,551         JPY        631,699,991         (14
   4/3/2015      USD        21,070,199         JPY        2,526,864,685         489   
   5/8/2015      JPY        2,580,674,310         USD        21,529,068         (557

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      175   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Japan Hedged SmallCap Equity Fund (continued)

                                               
   5/8/2015      JPY        1,935,421,769         USD        16,146,801       $ 283   
   5/8/2015      JPY        1,935,420,155         USD        16,146,801         296   
   5/8/2015      JPY        2,580,904,671         USD        21,529,068         (2,479
   5/8/2015      JPY        241,996,303         USD        2,018,604         (283
   5/8/2015      JPY        241,990,247         USD        2,018,604         (232
   5/8/2015      JPY        241,968,648         USD        2,018,604         (52
   5/8/2015      JPY        1,290,156,311         USD        10,764,534         1,230   
   5/8/2015      JPY        241,984,595         USD        2,018,604         (185
   5/8/2015      JPY        1,935,371,714         USD        16,146,801         701   
   5/8/2015      JPY        645,177,727         USD        5,382,267         (215
   5/8/2015      JPY        241,988,228         USD        2,018,604         (215
                                            $ 476,487   

Japan Hedged Tech, Media and Telecom Fund

                                               
   4/1/2015      JPY        240,150         USD        2,000       $ (3
   4/3/2015      JPY        102,043,915         USD        853,974         3,063   
   4/3/2015      JPY        102,045,623         USD        853,974         3,049   
   4/3/2015      JPY        102,056,980         USD        853,974         2,955   
   4/3/2015      JPY        102,058,859         USD        853,974         2,939   
   4/3/2015      JPY        102,056,724         USD        853,974         2,957   
   4/3/2015      USD        640,481         JPY        76,804,560         (33
   4/3/2015      USD        640,481         JPY        76,798,539         (83
   4/3/2015      USD        426,987         JPY        51,206,842         10   
   4/3/2015      USD        426,987         JPY        51,198,943         (56
   4/3/2015      USD        640,480         JPY        76,804,440         (33
   4/3/2015      USD        640,480         JPY        76,802,454         (50
   4/3/2015      USD        853,974         JPY        102,410,611         (6
   5/8/2015      JPY        79,648,309         USD        664,489         12   
   5/8/2015      JPY        79,640,867         USD        664,489         74   
   5/8/2015      JPY        53,105,880         USD        442,992         (51
   5/8/2015      JPY        53,093,818         USD        442,993         51   
   5/8/2015      JPY        79,646,316         USD        664,489         29   
   5/8/2015      JPY        79,648,256         USD        664,488         12   
   5/8/2015      JPY        106,202,401         USD        885,985         (23
                                            $ 14,813   

Japan SmallCap Dividend Fund

                                               
     4/1/2015      JPY        25,000,000         USD        208,151       $ (312

Korea Hedged Equity Fund

                                               
   4/6/2015      KRW        3,804,215,446         USD        3,457,121       $ 30,049   
   4/6/2015      KRW        3,804,215,636         USD        3,447,659         20,587   
   4/6/2015      KRW        3,804,215,446         USD        3,445,691         18,620   
   4/6/2015      KRW        3,804,215,446         USD        3,448,237         21,166   
   4/6/2015      KRW        3,804,215,258         USD        3,447,096         20,025   
   4/6/2015      KRW        94,992,317         USD        86,005         430   
   4/6/2015      KRW        1,188,947,669         USD        1,075,776         4,699   
   4/6/2015      KRW        1,192,192,728         USD        1,084,837         10,837   
   4/6/2015      USD        2,905,814         KRW        3,224,581,706         (913
   4/6/2015      USD        1,938,432         KRW        2,149,720,994         (1,831
   4/6/2015      USD        1,939,481         KRW        2,149,720,784         (2,880
   4/6/2015      USD        2,910,535         KRW        3,224,581,491         (5,634

 

176   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Korea Hedged Equity Fund (continued)

                                               
   4/6/2015      USD        2,905,450         KRW        3,224,581,491       $ (549
   4/6/2015      USD        2,906,469         KRW        3,224,581,491         (1,567
   4/6/2015      USD        3,876,864         KRW        4,299,441,989         (3,662
   5/6/2015      KRW        2,154,080,753         USD        1,939,740         993   
   5/6/2015      KRW        3,231,121,345         USD        2,906,992         (1,128
   5/6/2015      KRW        2,154,080,541         USD        1,939,565         819   
   5/6/2015      KRW        114,153,000         USD        102,794         53   
   5/6/2015      KRW        3,231,121,129         USD        2,914,123         6,003   
   5/6/2015      KRW        3,231,121,129         USD        2,908,098         (21
   5/6/2015      KRW        3,231,121,129         USD        2,908,169         50   
   5/6/2015      KRW        4,308,161,506         USD        3,879,304         1,812   
                                            $ 117,958   

United Kingdom Hedged Equity Fund

                                               
   4/2/2015      GBP        3,266,057         USD        5,046,329       $ 197,864   
   4/2/2015      GBP        3,266,084         USD        5,046,329         197,823   
   4/2/2015      GBP        3,266,317         USD        5,046,329         197,478   
   4/2/2015      GBP        6,533,014         USD        10,092,658         394,391   
   4/2/2015      GBP        871,399         USD        1,327,271         33,678   
   4/2/2015      GBP        896,569         USD        1,327,271         (3,687
   4/2/2015      USD        211,000         GBP        141,295         (1,247
   4/2/2015      USD        16,122         GBP        10,860           
   4/2/2015      USD        16,122         GBP        10,860           
   4/2/2015      USD        16,122         GBP        10,860           
   4/2/2015      USD        5,535,037         GBP        3,728,553         4   
   4/2/2015      USD        11,070,074         GBP        7,457,106         8   
   4/2/2015      USD        16,122         GBP        10,860           
   4/2/2015      USD        5,535,038         GBP        3,728,805         377   
   4/2/2015      USD        16,121         GBP        10,860         1   
   4/2/2015      USD        5,535,038         GBP        3,728,740         280   
   5/5/2015      GBP        3,654,698         USD        5,423,864         (369
   5/5/2015      GBP        174,222         USD        258,559         (18
   5/5/2015      GBP        3,654,525         USD        5,423,864         (114
   5/5/2015      GBP        174,214         USD        258,559         (5
   5/5/2015      GBP        348,423         USD        517,118         (5
   5/5/2015      GBP        7,308,962         USD        10,847,727         (96
   5/5/2015      GBP        3,654,681         USD        5,423,864         (344
   5/5/2015      GBP        174,221         USD        258,559         (16
                                            $ 1,016,003   

Currency Legend:

AUD - Australian dollar

CHF - Swiss franc

DKK - Danish krone

EUR - Euro

GBP - British pound

HKD - Hong Kong dollar

ILS - Israeli New shekel

JPY - Japanese yen

KRW - South Korean won

NOK - Norwegian krone

NZD - New Zealand dollar

SEK - Swedish krona

SGD - Singapore dollar

USD - U.S. dollar

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      177   


Table of Contents

Notes to Financial Statements (continued)

 

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the investment of cash collateral for securities on loan along with the obligation to return such collateral are included on the Statements of Assets and Liabilities. The value of securities received as collateral for securities on loan are not included on the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statement of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Master Netting Arrangements — Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty non-performance.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

 

178   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2015, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     Assets     Liabilities  
    

Gross Amounts in
Statement of
Assets and
Liabilities

    Gross Amounts Not Offset
in Statement of
Assets and Liabilities
           Gross Amounts in
Statement of
Assets  and
Liabilities
    Gross Amounts Not Offset
in Statement of
Assets  and Liabilities
        
Fund     Financial
Instruments
    Collateral
Received
    Net
Amount
      Financial
Instruments
    Collateral
Pledged
    Net
Amount
 

Australia Dividend Fund

  

     

Securities Lending

  $ 7,886,415      $        (7,886,415 )1    $      $      $      $      $   

DEFA Equity Income Fund

  

     

Securities Lending

    30,735,346               (30,735,346 )1                                    

Forward Foreign Currency Contracts

    4,776                      4,776                               

DEFA Fund

  

     

Securities Lending

    54,207,089               (54,207,089 )1                                    

Forward Foreign Currency Contracts

    8,895                      8,895        76                      76   

Europe Dividend Growth Fund

  

     

Securities Lending

    123,854               (123,854 )1                                    

Forward Foreign Currency Contracts

    5                      5        3                      3   

Europe Hedged Equity Fund

  

     

Securities Lending

    836,848,771               (836,848,771 )1                                    

Forward Foreign Currency Contracts

    588,401,414        (30,194,487            558,206,927        31,157,980        (30,194,487            963,493   

Europe Hedged SmallCap Equity Fund

  

     

Securities Lending

    2,573,225               (2,573,225 )1                                    

Forward Foreign Currency Contracts

    1,149,816                      1,149,816        597,726                      597,726   

Europe SmallCap Dividend Fund

  

     

Securities Lending

    91,707,559               (91,707,559 )1                                    

Forward Foreign Currency Contracts

    8,290                      8,290        8,384                      8,384   

Germany Hedged Equity Fund

  

     

Securities Lending

    5,644,483               (5,644,483 )1                                    

Forward Foreign Currency Contracts

    4,996,866        (6,341            4,990,525        1,437,692        (6,341            1,431,351   

International Dividend ex-Financials Fund

  

     

Securities Lending

    13,466,847               (13,466,847 )1                                    

Forward Foreign Currency Contracts

                                125                      125   

International Hedged Dividend Growth Fund

  

     

Securities Lending

    5,145,269               (5,145,269 )1                                    

Forward Foreign Currency Contracts

    4,441,151                      4,441,151        398,044                      398,044   

International LargeCap Dividend Fund

  

     

Securities Lending

    21,432,994               (21,432,994 )1                                    

Forward Foreign Currency Contracts

    17                      17        846                      846   

International MidCap Dividend Fund

  

     

Securities Lending

    25,467,961               (25,467,961 )1                                    

Forward Foreign Currency Contracts

                                33                      33   

 

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Notes to Financial Statements (continued)

 

     Assets     Liabilities  
    

Gross Amounts in
Statement of
Assets and
Liabilities

    Gross Amounts Not Offset
in Statement of
Assets and Liabilities
           Gross Amounts in
Statement of
Assets  and
Liabilities
    Gross Amounts Not Offset
in Statement of
Assets  and Liabilities
        
Fund     Financial
Instruments
    Collateral
Received
    Net
Amount
      Financial
Instruments
    Collateral
Pledged
    Net
Amount
 

International SmallCap Dividend Fund

  

     

Securities Lending

  $ 157,008,077      $      $ (157,008,077 )1    $      $      $      $      $   

Forward Foreign Currency Contracts

    8,573                      8,573        514                      514   

Japan Hedged Capital Goods Fund

  

     

Securities Lending

    615,549               (615,549 )1                                    

Forward Foreign Currency Contracts

    6,925                      6,925        214                      214   

Japan Hedged Equity Fund

  

     

Securities Lending

    1,752,022,320               (1,752,022,320 )1                                    

Forward Foreign Currency Contracts

    53,243,359        (1,131,439            52,111,920        14,680,041        (1,131,439            13,548,602   

Japan Hedged Financials Fund

  

     

Securities Lending

    1,351,270               (1,351,270 )1                                    

Forward Foreign Currency Contracts

    18,873                      18,873        14,541                      14,541   

Japan Hedged Health Care Fund

  

     

Securities Lending

    772,592               (772,592 )1                                    

Forward Foreign Currency Contracts

    5,222                      5,222        4,079                      4,079   

Japan Hedged Real Estate Fund

  

     

Securities Lending

    7,683,277               (7,683,277 )1                                    

Forward Foreign Currency Contracts

    129,292                      129,292        2,474                      2,474   

Japan Hedged SmallCap Equity Fund

  

     

Securities Lending

    20,458,147               (20,458,147 )1                                    

Forward Foreign Currency Contracts

    485,111        (3,641            481,470        8,624        (3,641            4,983   

Japan Hedged Tech, Media and Telecom Fund

  

     

Securities Lending

    1,019,263               (1,019,263 )1                                    

Forward Foreign Currency Contracts

    15,151                      15,151        338                      338   

Japan SmallCap Dividend Fund

  

     

Securities Lending

    55,170,958               (55,170,958 )1                                    

Forward Foreign Currency Contracts

                                312                      312   

Korea Hedged Equity Fund

  

     

Forward Foreign Currency Contracts

    136,143        (5,017            131,126        18,185        (5,017            13,168   

United Kingdom Hedged Equity Fund

  

     

Securities Lending

    41,835               (41,835 )1                                    

Forward Foreign Currency Contracts

    1,021,904        (8            1,021,896        5,901        (8            5,893   
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. A breakout of the total amount of cash and non-cash securities lending collateral received is located in the Schedule of Investments.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

 

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Notes to Financial Statements (continued)

 

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors’ at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (“MCM”) to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

Fund    Advisory
Fee Rate
 

Australia Dividend Fund

     0.58

DEFA Equity Income Fund

     0.58

DEFA Fund

     0.48

Europe Dividend Growth Fund

     0.58

Europe Hedged Equity Fund

     0.58

Europe Hedged SmallCap Equity Fund

     0.58

Europe SmallCap Dividend Fund

     0.58

Germany Hedged Equity Fund

     0.48

International Dividend ex-Financials Fund

     0.58

International Hedged Dividend Growth Fund

     0.58

International LargeCap Dividend Fund

     0.48

International MidCap Dividend Fund

     0.58

International SmallCap Dividend Fund

     0.58

Japan Hedged Capital Goods Fund

     0.48 %* 

Japan Hedged Equity Fund

     0.48

Japan Hedged Financials Fund

     0.48 %* 

Japan Hedged Health Care Fund

     0.48 %* 

Japan Hedged Real Estate Fund

     0.48 %* 

Japan Hedged SmallCap Equity Fund

     0.58

Japan Hedged Tech, Media and Telecom Fund

     0.48 %* 

Japan SmallCap Dividend Fund

     0.58

Korea Hedged Equity Fund

     0.58

United Kingdom Hedged Equity Fund

     0.48
  * WTAM has contractually agreed to limit the advisory fee to 0.43% through July 31, 2015, unless earlier terminated by the Board of Trustees of the Trust for any reason.

 

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Table of Contents

Notes to Financial Statements (continued)

 

Each Fund may purchase shares of affiliated exchanged-traded funds (“ETF”) in secondary market transactions. For the fiscal year or period ended March 31, 2015, WTAM waived its advisory fees for each Fund’s investment, associated with daily uninvested cash, in correlated affiliated ETFs net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of the advisory fee received from the affiliated ETFs. Please see Note 7 for additional information on Other Affiliated Parties and Transactions. WTAM has also contractually agreed to limit the advisory fee to 0.43% through July 31, 2015, unless earlier terminated by the Board of Trustees of the Trust, for the Japan Hedged Capital Goods Fund, Japan Hedged Financials Fund, Japan Hedged Health Care Fund, Japan Hedged Real Estate Fund, and the Japan Hedged Tech, Media and Telecom Fund.

For the fiscal year or period ended March 31, 2015, the advisory fees waived by WTAM were as follows:

 

Fund    Advisory
Fees Waived
 

Australia Dividend Fund

   $   

DEFA Equity Income Fund

     1,542   

DEFA Fund

     3,357   

Europe Dividend Growth Fund1

       

Europe Hedged Equity Fund

       

Europe Hedged SmallCap Equity Fund2

       

Europe SmallCap Dividend Fund

     2,230   

Germany Hedged Equity Fund

       

International Dividend ex-Financials Fund

     8,080   

International Hedged Dividend Growth Fund1

       

International LargeCap Dividend Fund

     1,265   

International MidCap Dividend Fund

     457   

International SmallCap Dividend Fund

     7,623   

Japan Hedged Capital Goods Fund3

     1,087   

Japan Hedged Equity Fund

       

Japan Hedged Financials Fund3

     2,880   

Japan Hedged Health Care Fund3

     989   

Japan Hedged Real Estate Fund3

     10,439   

Japan Hedged SmallCap Equity Fund

       

Japan Hedged Tech, Media and Telecom Fund3

     1,615   

Japan SmallCap Dividend Fund

     1,290   

Korea Hedged Equity Fund

       

United Kingdom Hedged Equity Fund

       
  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2015, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

 

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5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) for the fiscal year or period ended March 31, 2015 were as follows:

 

Fund    Purchases      Sales  

Australia Dividend Fund

   $ 13,927,138       $ 13,555,869   

DEFA Equity Income Fund

     66,524,070         66,900,169   

DEFA Fund

     114,023,619         111,136,514   

Europe Dividend Growth Fund1

     2,854,187         2,830,277   

Europe Hedged Equity Fund

     2,097,451,970         592,000,591   

Europe Hedged SmallCap Equity Fund2

     5,882,122         1,029,859   

Europe SmallCap Dividend Fund

     481,207,961         476,917,180   

Germany Hedged Equity Fund

     20,073,823         4,777,726   

International Dividend ex-Financials Fund

     161,466,614         161,624,588   

International Hedged Dividend Growth Fund1

     17,663,355         5,258,554   

International LargeCap Dividend Fund

     40,269,912         40,288,112   

International MidCap Dividend Fund

     41,637,291         41,488,936   

International SmallCap Dividend Fund

     232,127,058         230,925,304   

Japan Hedged Capital Goods Fund3

     830,520         789,572   

Japan Hedged Equity Fund

     4,297,299,213         3,619,099,645   

Japan Hedged Financials Fund3

     2,238,697         1,747,735   

Japan Hedged Health Care Fund3

     658,324         594,646   

Japan Hedged Real Estate Fund3

     6,316,796         4,532,755   

Japan Hedged SmallCap Equity Fund

     45,994,693         36,818,577   

Japan Hedged Tech, Media and Telecom Fund3

     1,177,546         921,318   

Japan SmallCap Dividend Fund

     111,867,130         105,090,300   

Korea Hedged Equity Fund

     20,692,452         8,884,906   

United Kingdom Hedged Equity Fund

     7,279,549         4,485,135   
  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

For the fiscal year or period ended March 31, 2015, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:

 

Fund    Purchases      Sales  

Australia Dividend Fund

   $ 5,406,731       $ 5,329,156   

DEFA Equity Income Fund

     64,856,615           

DEFA Fund

     101,506,413           

Europe Dividend Growth Fund1

     20,806,399         7,999,312   

Europe Hedged Equity Fund

     14,765,787,552         126,039,526   

Europe Hedged SmallCap Equity Fund2

     119,348,249           

Europe SmallCap Dividend Fund

     889,608,562         1,265,866,872   

Germany Hedged Equity Fund

     261,970,763           

International Dividend ex-Financials Fund

     69,835,796         47,517,590   

International Hedged Dividend Growth Fund1

     191,897,664           

International LargeCap Dividend Fund

     61,450,262           

International MidCap Dividend Fund

     28,537,330         10,652,820   

International SmallCap Dividend Fund

     309,792,190         224,055,487   

Japan Hedged Capital Goods Fund3

     5,139,449         2,507,365   

Japan Hedged Equity Fund

     5,407,917,611         2,969,590,268   

Japan Hedged Financials Fund3

     10,071,866         2,771,057   

Japan Hedged Health Care Fund3

     3,985,949         1,359,693   

Japan Hedged Real Estate Fund3

     35,226,036         5,381,318   

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      183   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Purchases      Sales  

Japan Hedged SmallCap Equity Fund

     49,020,737         21,918,395   

Japan Hedged Tech, Media and Telecom Fund3

     4,997,204         1,292,068   

Japan SmallCap Dividend Fund

     15,835,797         40,261,865   

Korea Hedged Equity Fund

               

United Kingdom Hedged Equity Fund

     17,511,388         5,976,326   
  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

Realized gains and losses on in-kind redemptions are not recognized by the Funds for tax purposes.

6. FEDERAL INCOME TAXES

At March 31, 2015, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation/
(Depreciation)
 

Australia Dividend Fund

   $ 58,493,452       $ 6,516,187       $ (8,397,858    $ (1,881,671

DEFA Equity Income Fund

     350,767,686         41,243,345         (25,799,781      15,443,564   

DEFA Fund

     620,052,573         106,330,466         (30,636,980      75,693,486   

Europe Dividend Growth Fund

     12,738,175         218,869         (1,291,490      (1,072,621

Europe Hedged Equity Fund

     18,019,209,202         449,705,165         (217,926,115      231,779,050   

Europe Hedged SmallCap Equity Fund

     125,673,825         2,424,523         (1,664,094      760,429   

Europe SmallCap Dividend Fund

     1,007,179,736         37,650,093         (107,497,792      (69,847,699

Germany Hedged Equity Fund

     291,541,696         6,412,469         (1,792,096      4,620,373   

International Dividend ex-Financials Fund

     342,273,971         31,650,293         (39,168,209      (7,517,916

International Hedged Dividend Growth Fund

     209,315,910         3,876,830         (3,619,602      257,228   

International LargeCap Dividend Fund

     343,603,875         51,927,282         (19,572,390      32,354,892   

International MidCap Dividend Fund

     157,035,887         28,859,450         (6,208,489      22,650,961   

International SmallCap Dividend Fund

     1,015,519,656         137,372,350         (82,122,468      55,249,882   

Japan Hedged Capital Goods Fund

     3,400,528         79,858         (99,328      (19,470

Japan Hedged Equity Fund

     16,543,647,958         1,307,112,766         (382,617,517      924,495,249   

Japan Hedged Financials Fund

     9,152,602         278,069         (186,427      91,642   

Japan Hedged Health Care Fund

     3,617,890         302,842         (31,496      271,346   

Japan Hedged Real Estate Fund

     40,258,782         543,904         (986,298      (442,394

Japan Hedged SmallCap Equity Fund

     133,916,497         8,315,964         (4,444,534      3,871,430   

Japan Hedged Tech, Media and Telecom Fund

     5,132,614         464,435         (156,548      307,887   

Japan SmallCap Dividend Fund

     308,982,545         42,949,060         (10,632,752      32,316,308   

Korea Hedged Equity Fund

     19,752,294         613,334         (1,064,403      (451,069

United Kingdom Hedged Equity Fund

     30,428,344         782,438         (3,039,439      (2,257,001

At March 31, 2015, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Gains/(Losses)
     Net Unrealized
Appreciation/
(Depreciation)
     Currency and
Other  Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

Australia Dividend Fund

   $ 127,605       $ (20,241,941    $ (1,881,671    $ (7,171    $ (22,003,178

DEFA Equity Income Fund

     1,043,346         (91,855,303      15,443,564         (33,423      (75,401,816

DEFA Fund

     2,127,485         (247,246,953      75,693,486         (62,497      (169,488,479

Europe Dividend Growth Fund

     21,498         (51,775      (1,072,621      (885      (1,103,783

Europe Hedged Equity Fund

     509,954,434         737,085,064         231,779,050         (4,983,475      1,473,835,073   

Europe Hedged SmallCap Equity Fund

     622,122         334,836         760,429         (10,145      1,707,242   

Europe SmallCap Dividend Fund

     5,772,889         (69,599,450      (69,847,699      (95,020      (133,769,280

Germany Hedged Equity Fund

     2,515,581         3,927,059         4,620,373         (7,926      11,055,087   

 

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Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Gains/(Losses)
     Net Unrealized
Appreciation/
(Depreciation)
     Currency and
Other  Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

International Dividend ex-Financials Fund

   $ 799,832       $ (146,451,411    $ (7,517,916    $ (54,713    $ (153,224,208

International Hedged Dividend Growth Fund

     2,816,763         3,315,369         257,228         7,082         6,396,442   

International LargeCap Dividend Fund

     945,301         (64,760,911      32,354,892         (37,511      (31,498,229

International MidCap Dividend Fund

     539,941         (83,637,109      22,650,961         (13,420      (60,459,627

International SmallCap Dividend Fund

     6,178,573         (233,042,627      55,249,882         (97,051      (171,711,223

Japan Hedged Capital Goods Fund

     49,299         50,992         (19,470      (151      80,670   

Japan Hedged Equity Fund

     338,709,342         436,828,633         924,495,249         (1,822,511      1,698,210,713   

Japan Hedged Financials Fund

     70,747         32,909         91,642         (498      194,800   

Japan Hedged Health Care Fund

     45,281         55,943         271,346         (309      372,261   

Japan Hedged Real Estate Fund

     784,349         700,658         (442,394      (2,183      1,040,430   

Japan Hedged SmallCap Equity Fund

     2,346,764         3,164,723         3,871,430         (8,490      9,374,427   

Japan Hedged Tech, Media and Telecom Fund

     136,989         106,591         307,887         (116      551,351   

Japan SmallCap Dividend Fund

     2,210,130         (37,013,505      32,316,308         (41,422      (2,528,489

Korea Hedged Equity Fund

     3,769         (134,470      (451,069      (1,347      (583,117

United Kingdom Hedged Equity Fund

     454,090         100,489         (2,257,001      (284      (1,702,706

The tax character of distributions paid during the fiscal years or periods ended March 31, 2015 and March 31, 2014, was as follows:

 

      Year/Period Ended
March 31, 2015
     Year/Period Ended
March 31, 2014
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
     Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Gains
 

Australia Dividend Fund

   $ 1,972,575       $       $ 2,462,154       $   

DEFA Equity Income Fund

     13,241,538                 14,535,126           

DEFA Fund

     20,650,247                 22,732,659           

Europe Dividend Growth Fund1

     174,792                           

Europe Hedged Equity Fund

     144,026,657         114,683,770         9,199,353           

Europe Hedged SmallCap Equity Fund2

                               

Europe SmallCap Dividend Fund

     37,998,494                 3,161,594           

Germany Hedged Equity Fund

     633,487         608,209         3         

International Dividend ex-Financials Fund

     15,437,232                 15,909,125           

International Hedged Dividend Growth Fund1

     437,423         357,396                   

International LargeCap Dividend Fund

     12,260,118                 12,150,590           

International MidCap Dividend Fund

     4,298,234                 4,342,219           

International SmallCap Dividend Fund

     28,286,347                 27,535,002           

Japan Hedged Capital Goods Fund4

     74,676         86,828                   

Japan Hedged Equity Fund

     627,071,174         684,541,310         188,544,430         108,107,302   

Japan Hedged Financials Fund4

     296,278         388,762                   

Japan Hedged Health Care Fund4

     91,689         109,145                   

Japan Hedged Real Estate Fund4

     985,776         1,115,147                   

Japan Hedged SmallCap Equity Fund

     3,081,275         5,010,437         102,144 5         

Japan Hedged Tech, Media and Telecom Fund4

     131,588         190,482                   

Japan SmallCap Dividend Fund

     4,434,720                 5,814,634           

Korea Hedged Equity Fund

     84,857                 23,127 6         

United Kingdom Hedged Equity Fund

     756,787                 1,253,723 5         

 

  * Includes short-term capital gains if any.

 

  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period October 17, 2013 (commencement of operations) through March 31, 2014.

 

  4 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

 

  5 

For the period June 28, 2013 (commencement of operations) through March 31, 2014.

 

  6 

For the period November 7, 2013 (commencement of operations) through March 31, 2014.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      185   


Table of Contents

Notes to Financial Statements (continued)

 

At March 31, 2015, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund   Capital Loss
Available
Through 2016
    Capital Loss
Available
Through 2017
    Capital Loss
Available
Through 2018
    Capital Loss
Available
Through 2019
    Short-Term
Post-Effective*
No  Expiration
    Long-Term
Post-Effective*
No  Expiration
    Capital Loss
Available
Total
 

Australia Dividend Fund

  $ 23,230      $ 2,237,436      $ 10,402,798      $ 2,670,223      $ 3,957,400      $ 927,268      $ 20,218,355   

DEFA Equity Income Fund

    972,353        24,469,991        41,582,445        7,637,372        3,068,361        12,453,802        90,184,324   

DEFA Fund

           24,645,745        187,173,747        8,855,174        2,883,279        21,940,329        245,498,274   

Europe Dividend Growth Fund

                                7,812               7,812   

Europe Hedged Equity Fund

                                                

Europe Hedged SmallCap Equity Fund

                                                

Europe SmallCap Dividend Fund

                  15,981,777        2,102,724        38,619,537               56,704,038   

Germany Hedged Equity Fund

                                                

International Dividend ex-Financials Fund

           37,831,029        106,422,557                             144,253,586   

International Hedged Dividend Growth Fund

                                                

International LargeCap Dividend Fund

    911,666        10,714,056        21,950,675        8,092,071        3,117,471        19,226,135        64,012,074   

International MidCap Dividend Fund

    2,200,353        10,045,031        49,400,362        11,183,904        2,627,393        7,933,581        83,390,624   

International SmallCap Dividend Fund

           21,554,037        176,126,796        6,365,431        13,079,212        4,934,523        222,059,999   

Japan Hedged Capital Goods Fund

                                                

Japan Hedged Equity Fund

                                                

Japan Hedged Financials Fund

                                                

Japan Hedged Health Care Fund

                                                

Japan Hedged Real Estate Fund

                                                

Japan Hedged SmallCap Equity Fund

                                                

Japan Hedged Tech, Media and Telecom Fund

                                                

Japan SmallCap Dividend Fund

    450,744        2,793,131        13,069,045        3,661,232        6,089,083        10,624,905        36,688,140   

Korea Hedged Equity Fund

                                                

United Kingdom Hedged Equity Fund

                                                
  * Under the Regulated Investment Company Modernization Act of 2010, a Fund is permitted to carry forward any new capital losses for an unlimited period. Additionally, such capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. The character of these losses is noted above.

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

During the fiscal year or period ended March 31, 2015, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

Fund    Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital Losses
 

Australia Dividend Fund

   $ 178,585       $ (154,999

DEFA Equity Income Fund

     1,135,131         535,848   

DEFA Fund

     736,931         1,011,748   

Europe Dividend Growth Fund1

     43,930         33   

Europe Hedged Equity Fund

               

Europe Hedged SmallCap Equity Fund2

               

Europe SmallCap Dividend Fund

     7,224,312         5,671,100   

Germany Hedged Equity Fund

               

International Dividend ex-Financials Fund

     862,339         1,335,486   

International Hedged Dividend Growth Fund1

               

International LargeCap Dividend Fund

     420,188         328,649   

International MidCap Dividend Fund

     424,890         (178,405

International SmallCap Dividend Fund

     11,454,025         (471,397

 

186   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital Losses
 

Japan Hedged Capital Goods Fund3

   $       $   

Japan Hedged Equity Fund

               

Japan Hedged Financials Fund3

               

Japan Hedged Health Care Fund2

               

Japan Hedged Real Estate Fund3

               

Japan Hedged SmallCap Equity Fund

               

Japan Hedged Tech, Media and Telecom Fund3

               

Japan SmallCap Dividend Fund

     1,335,928         (1,010,563

Korea Hedged Equity Fund

             134,470   

United Kingdom Hedged Equity Fund

               
  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

During the fiscal year or period ended March 31, 2015, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains.

 

Fund    Utilized
Capital Loss
Carryforward
 

Australia Dividend Fund

   $ 1,342,260   

DEFA Equity Income Fund

     993,883   

DEFA Fund

       

Europe Dividend Growth Fund1

       

Europe Hedged Equity Fund

     22,770,268   

Europe Hedged SmallCap Equity Fund2

       

Europe SmallCap Dividend Fund

       

Germany Hedged Equity Fund

       

International Dividend ex-Financials Fund

     23,443,100   

International Hedged Dividend Growth Fund1

       

International LargeCap Dividend Fund

       

International MidCap Dividend Fund

     3,326,640   

International SmallCap Dividend Fund

       

Japan Hedged Capital Goods Fund3

       

Japan Hedged Equity Fund

       

Japan Hedged Financials Fund3

       

Japan Hedged Health Care Fund3

       

Japan Hedged Real Estate Fund3

       

Japan Hedged SmallCap Equity Fund

       

Japan Hedged Tech, Media and Telecom Fund3

       

Japan SmallCap Dividend Fund

       

Korea Hedged Equity Fund

       

United Kingdom Hedged Equity Fund

     1,653,585   
  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

At March 31, 2015, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated Net
Realized
Gain/(Loss)
     Paid-in Capital  

Australia Dividend Fund

   $ (45,498    $ (506,323    $ 551,821   

DEFA Equity Income Fund

     (170,693      170,693           

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      187   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated Net
Realized
Gain/(Loss)
     Paid-in Capital  

DEFA Fund

   $ (223,431    $ 223,431       $   

Europe Dividend Growth Fund

     (4,397      172,098         (167,701

Europe Hedged Equity Fund

     8,654,633         (24,414,171      15,759,538   

Europe Hedged SmallCap Equity Fund

     330         (330        

Europe SmallCap Dividend Fund

     1,244,086         (53,668,312      52,424,226   

Germany Hedged Equity Fund

     46,473         (46,473        

International Dividend ex-Financials Fund

     (170,524      (2,622,438      2,792,962   

International Hedged Dividend Growth Fund

     (226,251      226,251           

International LargeCap Dividend Fund

     (168,155      181,011         (12,856

International MidCap Dividend Fund

     (48,370      (2,244,916      2,293,286   

International SmallCap Dividend Fund

     1,152,712         (67,053,295      65,900,583   

Japan Hedged Capital Goods Fund

     4,629         (226,315      221,686   

Japan Hedged Equity Fund

     (5,262,186      (359,486,657      364,748,843   

Japan Hedged Financials Fund

     363         (349,833      349,470   

Japan Hedged Health Care Fund

     (1,986      (117,575      119,561   

Japan Hedged Real Estate Fund

     95,916         (597,845      501,929   

Japan Hedged SmallCap Equity Fund

     45,191         (3,136,586      3,091,395   

Japan Hedged Tech, Media and Telecom Fund

     45,359         (142,868      97,509   

Japan SmallCap Dividend Fund

     204,810         (8,790,254      8,585,444   

Korea Hedged Equity Fund

     893         (893        

United Kingdom Hedged Equity Fund

     14,807         (285,088      270,281   

These differences are primarily due to redemptions-in-kind, foreign currency transactions, investments in passive foreign investments companies, investments in partnerships, and utilization of earnings and profits distributed to the shareholders on redemption of shares.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year or period ended March 31, 2015, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2015, remains subject to examination by taxing authorities.

7. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2015 are as follows:

 

Fund    Value at
3/31/2014
     Purchases/
Additions
     Sales/
Reductions
     Value at
3/31/2015
     Dividend
Income
     Capital Gain
Distributions
 

DEFA Equity Income Fund

                                                     

WisdomTree International LargeCap Dividend Fund

   $ 89,234       $ 6,145,612       $ 5,751,236       $ 409,180       $ 41,093       $   

DEFA Fund

                                                     

WisdomTree International Dividend ex-Financials Fund

   $ 545,678       $ 11,325,763       $ 9,787,539       $ 1,935,496       $ 62,227       $   

Europe SmallCap Dividend Fund

                                                     

WisdomTree International MidCap Dividend Fund

   $ 3,386,251       $ 6,642,354       $ 9,127,848       $ 940,186       $ 78,485       $   

International Dividend ex-Financials Fund

                                                     

WisdomTree International LargeCap Dividend Fund

   $ 668,163       $ 7,171,415       $ 7,350,893       $ 217,173       $ 79,912       $   

 

188   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (concluded)

 

Fund    Value at
3/31/2014
     Purchases/
Additions
     Sales/
Reductions
     Value at
3/31/2015
     Dividend
Income
     Capital Gain
Distributions
 

International LargeCap Dividend Fund

                                                     

WisdomTree International MidCap Dividend Fund

   $ 243,088       $ 2,796,222       $ 2,505,748       $ 531,164       $ 20,074       $   

International MidCap Dividend Fund

                                                     

WisdomTree Australia Dividend Fund

   $ 611,578       $ 777,022       $ 1,065,818       $ 285,049       $ 10,204       $   

WisdomTree Japan Hedged Equity Fund

     627,160         753,988         1,112,324         287,065         4,710         174   

Total

   $ 1,238,738       $ 1,531,010       $ 2,178,142       $ 572,114       $ 14,914       $ 174   

International SmallCap Dividend Fund

                                                     

WisdomTree Europe SmallCap Dividend Fund

   $ 3,378,621       $ 17,823,567       $ 17,263,282       $ 3,658,097       $ 56,946       $   

WisdomTree Japan SmallCap Dividend Fund

     2,819,491         14,374,038         14,345,260         3,007,859         24,315           

Total

   $ 6,198,112       $ 32,197,605       $ 31,608,542       $ 6,665,956       $ 81,261       $   

Japan SmallCap Dividend Fund

                                                     

WisdomTree Japan Hedged Equity Fund

   $ 1,469,670       $ 2,611,708       $ 3,751,825       $ 258,844       $ 25,712       $ 11,058   

8. RECENT ACCOUNTING PRONOUNCEMENT

In June 2014, The FASB issued ASU 2014-11 Transfers & Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures to improve the financial reporting of repurchase agreements and other similar transactions. The guidance includes expanded disclosure requirements for entities that enter into repurchase agreements or securities lending transactions. The guidance is effective for financial statements with fiscal years beginning on or after January 1, 2015, and interim periods within those fiscal years. Management is evaluating the impact, if any, of this guidance on the Trust’s financial statement disclosures.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      189   


Table of Contents

Report of Independent Registered Public Accounting Firm

 

The Board of Trustees and Shareholders of WisdomTree Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Australia Dividend Fund, WisdomTree DEFA Equity Income Fund, WisdomTree DEFA Fund, WisdomTree Europe Dividend Growth Fund, WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree International Dividend Ex-Financials Fund, WisdomTree International Hedged Dividend Growth Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Japan Hedged Capital Goods Fund, WisdomTree Japan Hedged Equity Fund , WisdomTree Japan Hedged Financials Fund, WisdomTree Japan Hedged Health Care Fund, WisdomTree Japan Hedged Real Estate Fund, WisdomTree Japan Hedged SmallCap Equity Fund, WisdomTree Japan Hedged Tech, Media and Telecom Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Korea Hedged Equity Fund, and WisdomTree United Kingdom Hedged Equity Fund (twenty-three of the investment funds constituting WisdomTree Trust (the “Trust”)) as of March 31, 2015, and the related statements of operations, the statements of changes in net assets and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2015, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Australia Dividend Fund, WisdomTree DEFA Equity Income Fund, WisdomTree DEFA Fund, WisdomTree Europe Dividend Growth Fund, WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree International Dividend Ex-Financials Fund, WisdomTree International Hedged Dividend Growth Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Japan Hedged Capital Goods Fund, WisdomTree Japan Hedged Equity Fund , WisdomTree Japan Hedged Financials Fund, WisdomTree Japan Hedged Health Care Fund, WisdomTree Japan Hedged Real Estate Fund, WisdomTree Japan Hedged SmallCap Equity Fund, WisdomTree Japan Hedged Tech, Media and Telecom Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Korea Hedged Equity Fund and WisdomTree United Kingdom Hedged Equity Fund of WisdomTree Trust at March 31, 2015, the results of their operations, the changes in their net assets and the financial highlights for each of the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

May 29, 2015

 

190   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

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

 

Approval of Investment Sub-Advisory Agreement with respect to the WisdomTree Europe Hedged SmallCap Equity Fund (the “Fund”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on December 11-12, 2014, the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide the Fund with investment advisory services, and the Sub-Investment Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which Mellon Capital Management Corporation (the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of the Fund.

In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM. The Trustees, a majority of whom are Independent Trustees, were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of WTAM and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services to be Provided to the Fund

The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed WTAM’s proposed role as index provider to the Fund. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Fund, including the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s compliance with fund policies and objectives, oversight of general fund compliance with federal and state laws and the implementation of Board directives as they relate to the Fund. The Board also considered research support available to, and management capabilities of, the Fund’s management personnel and that WTAM will provide oversight of day-to-day fund operations, including fund accounting, administration and legal assistance in meeting disclosure and regulatory requirements.

Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate.

Comparative Analysis of the Fund’s Performance, Advisory Fees and Fund Expenses

As the Fund had not yet commenced operations, the Board was not able to review the Fund’s performance. The Board discussed with representatives of WTAM and the Sub-Adviser the portfolio management team and the investment strategies to be employed in the management of the Fund’s assets. The Board noted the reputation and experience of WTAM and the Sub-Adviser.

The Board considered the fee to be paid to WTAM by the Fund. The Board examined the fee to be paid by the Fund in light of fees paid to other investment advisers by comparable funds and the method of computing the Fund’s fee. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by the Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fee will be paid by WTAM (out of its fee from the Fund) and not the Fund. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser were reasonable in light of the considerations described above.

Analysis of Profitability and Economies of Scale

As the Fund had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-investment adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Fund had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it were determined that material economies of scale had not been shared with the Fund, the Board would seek to have those economies of scale shared with the Fund in connection with future renewals.

Conclusion

In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of other funds advised by WTAM and the Sub-Adviser. In light of the foregoing, the Board determined to approve the Agreements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      191   


Table of Contents

Trustees and Officers Information (unaudited)

 

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
  Other
Directorships
Held by Trustee

During Past
5 Years
David G. Chrencik*
(1948)
  Trustee, 2014- present  

Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).

  70   Trustee,
Vericimetry
Funds
Joel Goldberg**
(1945)
  Trustee, 2012- present  

Attorney, Of Counsel/Partner at Stroock

& Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.

  70
  Director,
Better
Business
Bureau
(Metropolitan
New York,
Long Island
and the Mid-
Hudson
Region)
Toni Massaro***
(1955)
  Trustee, 2006- present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 1990.   70
  None
Melinda A. Raso Kirstein
(1955)
  Trustee, 2014- present   Retired, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.   70
  Associate
Alumnae of
Douglass
College,
Member of
Investment
Committee
Victor Ugolyn
(1947)
  Trustee, 2006- present; Chairman of the Board of Trustees, 2006- present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.   70   Member of the
Board of
Governors of
Naismith
Memorial
Basketball Hall
of Fame,
Member of the
Board of
Directors of
the New York
Society of
Security
Analysts
(NYSSA)

 

+ As of March 31, 2015.

 

* Chair of the Audit Committee.

 

** Chair of the Contracts Review Committee.

 

*** Chair of the Governance and Nominating Committee.

 

192   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
 

Other
Directorships
Held by Trustee

During Past
5 Years

Jonathan Steinberg****
(1964)
  Trustee, 2005- present President, 2005- present   President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.   70   Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano****
(1971)
  Treasurer, 2013- present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006.   70   None
Terry Jane Feld****
(1960)
  Chief Compliance Officer, 2012- present  

Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life

Insurance Co., 2004 to 2007.

  70   None
Ryan Louvar****
(1972)
  Secretary and Chief Legal Officer, 2013- present   General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.   70   None
Sarah English****
(1977)
  Assistant Secretary, 2013- present   Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009.   70   None

Clint Martin****

(1977)

  Assistant Treasurer, since 2015   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.   70   None

 

+ As of March 31, 2015.

 

**** Elected by and serves at the pleasure of the Board.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      193   


Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year or period ended March 31, 2015, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2016.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended March 31, 2015, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Australia Dividend Fund

   $ 1,592,699   

DEFA Equity Income Fund

     9,788,322   

DEFA Fund

     15,270,659   

Europe Dividend Growth Fund1

     219,099   

Europe Hedged Equity Fund

     76,571,875   

Europe Hedged SmallCap Equity Fund2

     458,936   

Europe SmallCap Dividend Fund

     37,117,164   

Germany Hedged Equity Fund

     146,548   

International Dividend ex-Financials Fund

     10,058,631   

International Hedged Dividend Growth Fund1

     1,151,232   

International LargeCap Dividend Fund

     8,860,679   

International MidCap Dividend Fund

     3,015,130   

International SmallCap Dividend Fund

     24,739,418   

Japan Hedged Capital Goods Fund3

     37,959   

Japan Hedged Equity Fund

     258,480,991   

Japan Hedged Financials Fund3

     126,034   

Japan Hedged Health Care Fund3

     30,187   

Japan Hedged Real Estate Fund3

     205,988   

Japan Hedged SmallCap Equity Fund

     1,606,666   

Japan Hedged Tech, Media and Telecom Fund3

     37,265   

Japan SmallCap Dividend Fund

     4,750,485   

Korea Hedged Equity Fund

     154,769   

United Kingdom Hedged Equity Fund

     792,737   
  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year or period ended March 31, 2015, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Australia Dividend Fund

   $ 1,624,977       $ 11,824   

DEFA Equity Income Fund

     10,353,882         403,076   

DEFA Fund

     16,542,528         763,251   

Europe Dividend Growth Fund1

     238,069         24,728   

Europe Hedged Equity Fund

     77,396,611         6,220,333   

Europe Hedged SmallCap Equity Fund2

     458,325         67,692   

Europe SmallCap Dividend Fund

     39,057,123         3,620,738   

Germany Hedged Equity Fund

     147,533         16,412   

International Dividend ex-Financials Fund

     10,605,370         459,717   

International Hedged Dividend Growth Fund1

     1,171,248         77,779   

International LargeCap Dividend Fund

     9,562,425         394,096   

International MidCap Dividend Fund

     3,454,858         239,784   

International SmallCap Dividend Fund

     28,661,126         1,993,167   

 

194   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Supplemental Information (unaudited) (concluded)

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Japan Hedged Capital Goods Fund3

   $ 39,131       $ 4,023   

Japan Hedged Equity Fund

     258,859,743         25,862,638   

Japan Hedged Financials Fund3

     126,082         12,635   

Japan Hedged Health Care Fund3

     30,497         3,133   

Japan Hedged Real Estate Fund3

     359,481         36,707   

Japan Hedged SmallCap Equity Fund

     1,723,537         180,945   

Japan Hedged Tech, Media and Telecom Fund3

     38,716         3,862   

Japan SmallCap Dividend Fund

     4,822,819         487,957   

Korea Hedged Equity Fund

     164,340         33,114   

United Kingdom Hedged Equity Fund

     806,103         5,085   
  1 

For the period May 7, 2014 (commencement of operations) through March 31, 2015.

 

  2 

For the period March 4, 2015 (commencement of operations) through March 31, 2015.

 

  3 

For the period April 8, 2014 (commencement of operations) through March 31, 2015.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      195   


Table of Contents

General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com

 

196   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2015:

 

WisdomTree Domestic Earnings and Dividend Funds

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree U.S. Dividend Growth Fund (DGRW)

 

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree Europe Dividend Growth Fund (EUDG)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International Hedged Dividend Growth Fund (IHDG)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Health Care Fund (DXJH)

 

WisdomTree Japan Hedged Real Estate Fund (DXJR)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Korea Hedged Equity Fund (DXKW)

 

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

  

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

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

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Global Equity Income Fund (DEW)

 

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

 

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

 

WisdomTree Global ex-U.S. Utilities Fund (DBU)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

 

WisdomTree Commodity Currency Strategy Fund (CCX)

 

WisdomTree Emerging Currency Strategy Fund (CEW)

 

WisdomTree Indian Rupee Strategy Fund (ICN)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

 

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

 

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Japan Interest Rate Strategy Fund (JGBB)

 

WisdomTree Strategic Corporate Bond Fund (CRDT)

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.


Table of Contents

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

WisdomTree Australia Dividend Fund (AUSE)

WisdomTree DEFA Equity Income Fund (DTH)

WisdomTree DEFA Fund (DWM)

WisdomTree Europe Dividend Growth Fund (EUDG)

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree International Dividend ex-Financials Fund (DOO)

WisdomTree International Hedged Dividend Growth Fund (IHDG)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Japan Hedged Financials Fund (DXJF)

WisdomTree Japan Hedged Health Care Fund (DXJH)

WisdomTree Japan Hedged Real Estate Fund (DXJR)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree Korea Hedged Equity Fund (DXKW)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC.

WTGM-0385


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Annual Report

March 31, 2015

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

WisdomTree China Dividend ex-Financials Fund (CHXF)

WisdomTree Commodity Country Equity Fund (CCXE)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets Equity Income Fund (DEM)

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

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Global Equity Income Fund (DEW)

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

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

WisdomTree Global ex-U.S. Utilities Fund (DBU)

WisdomTree Global Natural Resources Fund (GNAT)

WisdomTree India Earnings Fund (EPI)

WisdomTree Middle East Dividend Fund (GULF)


Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1   

Performance Summaries (unaudited)

       4   

Description of Indexes (unaudited)

       19   

Shareholder Expense Examples (unaudited)

       22   
Schedules of Investments     

WisdomTree Asia Pacific ex-Japan Fund

       24   

WisdomTree China Dividend ex-Financials Fund

       27   

WisdomTree Commodity Country Equity Fund

       29   

WisdomTree Emerging Markets Consumer Growth Fund

       31   

WisdomTree Emerging Markets Dividend Growth Fund

       34   

WisdomTree Emerging Markets Equity Income Fund

       37   

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       41   

WisdomTree Emerging Markets SmallCap Dividend Fund

       46   

WisdomTree Global Equity Income Fund

       53   

WisdomTree Global ex-U.S. Dividend Growth Fund

       60   

WisdomTree Global ex-U.S. Real Estate Fund

       64   

WisdomTree Global ex-U.S. Utilities Fund

       67   

WisdomTree Global Natural Resources Fund

       69   

WisdomTree India Earnings Fund (consolidated)

       71   

WisdomTree Middle East Dividend Fund

       75   

Statements of Assets and Liabilities

       76   

Statements of Operations

       79   

Statements of Changes in Net Assets

       82   

Financial Highlights

       87   

Notes to Financial Statements

       95   

Report of Independent Registered Public Accounting Firm

       117   

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

       118   

Trustees and Officers Information (unaudited)

       119   

Supplemental Information (unaudited)

       121   

General Information (unaudited)

       123   

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


Table of Contents

Management’s Discussion of Fund’s Performance

(unaudited)

 

Market Environment Overview

The emerging markets, measured by the MSCI Emerging Markets Index, a broad measure of equity performance for emerging markets, returned 0.44% in the 12-month period that ended March 31, 2015. (the “period”). The global ex-U.S. equity markets, measured by the MSCI ACWI ex-USA Index, a broad measure of equity performance for both developed and emerging markets excluding the U.S., returned -1.01% over the period. Both the MSCI Emerging Market Index and MSCI ACWI ex-USA Index lagged the S&P 500 Index by 12.29% and 13.74%, respectively. In local currency terms, the MSCI Emerging Markets Index and MSCI ACWI ex-USA Index returned 10.92% and 15.45%, respectively. It is important to note that the returns in local terms were very competitive to those of the S&P 500 Index, but underlying currency exposure subtracted significantly from U.S. dollar based returns. One of the most significant events over the period for international investing was the strengthening U.S. dollar, primarily driven by a combination of the Federal Reserve successfully tapering its quantitative easing program and expectations of a future interest rate increase.

Within the MSCI Emerging Markets Index, in local currency terms, eight out of ten sectors were positive. The Healthcare and Information Technology sectors led performance, while the Energy and Materials sectors lagged. Within the MSCI ACWI ex-USA Index, in local currency terms, nine out of ten sectors were positive, with Healthcare and Information Technology sectors leading and Energy and Materials sectors lagging. Another significant event over the period was the substantial decline in oil during the second half of 2014, which had a negative impact on the energy sector and oil producing countries, but was positive for to countries that import a lot of oil.

WisdomTree Fund’s Performance Overview

The following table reflects the WisdomTree Funds’ performance versus capitalization-weighted benchmark indexes:

 

Ticker   WisdomTree Fund   1-Year
NAV Return
  Performance Benchmark   1-Year
Return
       Difference

AXJL

  WisdomTree Asia Pacific ex-Japan Fund   5.71%   MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex- Japan Spliced Index     6.33%         -0.62%

CHXF

  WisdomTree China Dividend ex- Financials Fund   13.86%   MSCI China Index     24.00%         -10.14%
            FTSE 50 China Index     27.90%         -14.04%

CCXE

  WisdomTree Commodity Country Equity Fund   -14.32%   S&P Developed ex-U.S. BMI Materials Sector/MSCI ACWI ex-USA Spliced Index     -1.01%         -13.31%

EMCG

  WisdomTree Emerging Markets Consumer Growth Fund   3.24%   MSCI Emerging Market Index     0.44%         2.80%

DGRE

  WisdomTree Emerging Markets Dividend Growth Fund   -1.19%   MSCI Emerging Markets Index     0.44%         -1.63%

DEM

  WisdomTree Emerging Markets Equity Income Fund   -9.40%   MSCI Emerging Markets Index     0.44%         -9.84%

XSOE

  WisdomTree Emerging Markets ex- State-Owned Enterprises Fund*   2.57%   MSCI Emerging Markets Index*     2.19%         0.38%

DGS

  WisdomTree Emerging Markets SmallCap Dividend Fund   -1.51%   MSCI Emerging Markets Small Cap Index     1.06%         -2.57%

DEW

  WisdomTree Global Equity Income Fund   -3.23%   MSCI Europe Value/MSCI AC World Spliced Index     5.42%         -8.65%

DNL

  WisdomTree Global ex-U.S. Dividend Growth Fund   0.24%   MSCI Japan Value/MSCI AC World ex-USA Growth Spliced Index     1.71%         -1.47%

DRW

  WisdomTree Global ex-U.S. Real Estate Fund   12.08%   Dow Jones Global ex-U.S. Select Real Estate Securities Index     8.80%         3.28%

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      1   


Table of Contents

Management’s Discussion of Fund’s Performance

(unaudited) (continued)

 

Ticker   WisdomTree Fund   1-Year
NAV Return
  Performance Benchmark   1-Year
Return
       Difference

DBU

  WisdomTree Global ex-U.S. Utilities Fund   -6.44%   S&P Developed ex-US BMI Utilities Sector Index     -7.35%         0.91%

GNAT

  WisdomTree Global Natural Resources Fund   -23.84%   S&P Developed ex-U.S. BMI Energy Sector/S&P Global Natural Resources Spliced Index     -12.53%         -11.31%

EPI

  WisdomTree India Earnings Fund   20.44%   MSCI India Index     20.70%         -0.26%

GULF

  WisdomTree Middle East Dividend Fund   -6.28%   MSCI Arabian Markets ex-Saudi Arabia Index     -7.77%         1.49%
* Total returns shown are for the period December 10, 2014 (commencement of operations) to March 31, 2015.

WisdomTree’s emerging market and global ex-U.S. Fundamental-weighted Funds are designed to track indexes based on the dividend or earnings stream generated by the companies included in the index. The dividend stream is defined as the sum of all dividends paid over the prior 12 months for each company. The earnings stream is defined as the total dollar level of earnings for all companies within each Index. There are two primary factors that drive performance differentials versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors or countries. The second is stock selection within each sector or country. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend stream or earnings stream.

While the overall emerging markets lagged both the broad U.S. and developed international markets there was a noticeable difference in performance between the different sectors and countries. The WisdomTree India Earnings Fund was the best performing Fund over the full period, outperforming broader emerging markets by approximately 20%. India benefited from optimism that newly elected Prime Minister Narenda Modi will be able to reform India’s economy and unlock their vast growth potential. They also benefited from lower oil prices over the period because they are net importers. The WisdomTree Emerging Markets Equity Income Fund (DEM) returned -9.40%, while the MSCI Emerging Markets Index was up 0.44% for the period. DEM was overweight the Energy and Materials sector and underweight Information Technology. Over the period, the Energy and Materials sector witnessed the worst performance, while Information Technology was the second best performing sector. DEM also had an overweight exposure to Russia. Although Russian equities were positive over the period in local terms, the Ruble depreciated around 40% against the dollar, negatively impacting the returns to U.S. investors who do not neutralize the currency exposure. On the other hand, The WisdomTree Emerging Markets Consumer Growth Fund (EMCG), which focuses on the consumer sectors and therefore underweights energy and large banks, outperformed its performance benchmark, the MSCI Emerging Market Index, by 2.80%.

Among the WisdomTree global and global-ex-U.S. Funds, the WisdomTree Global ex-U.S. Real Estate Fund (DRW) was the best performing Fund, returning 12.08% over the period and outperforming its benchmark by 3.28%. As global interest rates fell over the period there was demand for high income asset classes like real estate. The worst performing Fund over the period was the WisdomTree Global Natural Resources Fund (GNAT), which returned -23.84% over the period. The Fund invests heavily in the Energy and Materials sectors, which were the two worst performing sectors over the period, driven by lower oil prices, a stronger dollar and slower than expected global growth.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 19 for the list of index descriptions.

Fund performance assumes reinvestment of dividends and capital gain distributions. 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 to not reflect deductions for fees or expenses are not available

 

2   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Management’s Discussion of Fund’s Performance

(unaudited) (concluded)

 

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 that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      3   


Table of Contents

Performance Summary (unaudited)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    26.1%   

Telecommunication Services

    21.8%   

Information Technology

    8.7%   

Materials

    8.7%   

Energy

    8.6%   

Industrials

    7.7%   

Consumer Staples

    6.1%   

Utilities

    4.5%   

Consumer Discretionary

    4.1%   

Investment Company

    2.6%   

Healthcare

    0.7%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

China Mobile Ltd.

    8.0%   

China Construction Bank Corp., Class H

    4.8%   

Telstra Corp., Ltd.

    2.9%   

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.8%   

iPath MSCI India Index ETN

    2.6%   

CNOOC Ltd.

    2.3%   

BHP Billiton Ltd.

    2.2%   

Samsung Electronics Co., Ltd.

    2.2%   

Commonwealth Bank of Australia

    2.2%   

Singapore Telecommunications Ltd.

    2.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Asia Pacific ex-Japan Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Asia Pacific ex-Japan Index.

The Fund returned 5.71% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Hong Kong. The Fund’s position in Australia created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       5.71      5.18      5.59      7.84

Fund Market Price Returns

       5.61      5.00      5.54      7.86

WisdomTree Pacific ex-Japan Dividend/ Asia Pacific ex-Japan Spliced Index2

       6.18      5.57      6.28      8.79

MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex-Japan Spliced Index3

       6.33      6.48      5.52      7.47
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2 

WisdomTree Pacific ex-Japan Dividend Index through June 17, 2011; WisdomTree Asia Pacific ex-Japan Index thereafter.

3 

MSCI Pacific ex-Japan Index through June 17, 2011; MSCI AC Asia Pacific ex-Japan Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

4   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Energy

    20.6%   

Industrials

    15.1%   

Utilities

    14.4%   

Telecommunication Services

    11.8%   

Consumer Discretionary

    10.5%   

Information Technology

    8.9%   

Materials

    8.1%   

Consumer Staples

    7.6%   

Healthcare

    3.0%   

Other Assets less Liabilities

    0.0%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

China Mobile Ltd.

    8.0%   

China Petroleum & Chemical Corp., Class H

    4.9%   

China Shenhua Energy Co., Ltd., Class H

    4.8%   

PetroChina Co., Ltd., Class H

    4.7%   

China Communications Construction Co., Ltd., Class H

    4.2%   

Great Wall Motor Co., Ltd., Class H

    3.8%   

Huaneng Power International, Inc., Class H

    3.4%   

China Railway Group Ltd., Class H

    2.8%   

CNOOC Ltd.

    2.8%   

Datang International Power Generation Co., Ltd., Class H

    2.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree China Dividend ex-Financials Fund (the “Fund”), seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China Dividend ex-Financials Index.

The Fund returned 13.86% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Industrials sector. The Fund’s position in the Consumer Staples sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year        Since
Inception1
 

Fund NAV Returns

       13.86        6.25

Fund Market Price Returns

       14.45        6.08

WisdomTree China Dividend ex-Financials Index

       14.65        6.60

MSCI China Index

       24.00        13.19

FTSE China 50 Index

       27.90        13.14
1 

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

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      5   


Table of Contents

Performance Summary (unaudited)

WisdomTree Commodity Country Equity Fund (CCXE)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    26.5%   

Energy

    20.2%   

Telecommunication Services

    15.7%   

Materials

    10.9%   

Consumer Staples

    7.8%   

Consumer Discretionary

    6.7%   

Utilities

    4.9%   

Industrials

    3.6%   

Healthcare

    2.0%   

Information Technology

    1.0%   

Investment Company

    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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Statoil ASA

    5.0%   

Spark New Zealand Ltd.

    3.5%   

Ambev S.A.

    2.7%   

Telenor ASA

    2.6%   

Fletcher Building Ltd.

    2.5%   

Gazprom OAO, ADR

    2.3%   

MTN Group Ltd.

    2.3%   

Enersis S.A.

    2.3%   

Rosneft OAO, GDR Reg S

    2.0%   

Lukoil OAO, ADR

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree Commodity Country Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Commodity Country Equity Index.

The Fund returned -14.32% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in New Zealand. The Fund’s position in Brazil created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -14.32      -3.31      0.82      3.17

Fund Market Price Returns

       -14.81      -3.66      0.72      2.96

WisdomTree International Basic Materials Sector/Commodity Country Equity Spliced Index2

       -13.98      -2.97      1.29      3.78

S&P Developed ex-U.S. BMI Materials Sector/MSCI ACWI ex-USA Spliced Index3

       -1.01      6.40      6.31      2.64
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. Sector Index total returns are based on the index’s inception date of April 1, 2008.

2 

WisdomTree International Basic Materials Sector Index through June 17, 2011; WisdomTree Commodity Country Equity Index thereafter.

3 

S&P Developed ex-U.S. BMI Materials Sector Index through June 17, 2011; MSCI ACWI ex-USA Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

6   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Discretionary

    30.1%   

Financials

    27.4%   

Consumer Staples

    24.8%   

Telecommunication Services

    7.4%   

Information Technology

    3.5%   

Industrials

    2.7%   

Utilities

    2.6%   

Healthcare

    1.1%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Ambev S.A.

    6.3%   

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

    5.0%   

China Life Insurance Co., Ltd., Class H

    4.6%   

Astra International Tbk PT

    3.7%   

Great Wall Motor Co., Ltd., Class H

    2.9%   

Dongfeng Motor Group Co., Ltd., Class H

    2.2%   

MTN Group Ltd.

    2.0%   

S.A.C.I. Falabella

    1.7%   

China Pacific Insurance Group Co., Ltd., Class H

    1.5%   

Magnit PJSC, GDR Reg S

    1.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Emerging Markets Consumer Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Consumer Growth Index.

The Fund returned 3.24% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in China. The Fund’s position in Brazil created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       3.24      1.71

Fund Market Price Returns

       3.20      1.32

WisdomTree Emerging Markets Consumer Growth Index

       4.77      2.71

MSCI Emerging Markets Index

       0.44      0.38
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 27, 2013.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      7   


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Staples

    18.0%   

Information Technology

    17.8%   

Telecommunication Services

    17.1%   

Consumer Discretionary

    12.6%   

Materials

    8.2%   

Financials

    6.9%   

Energy

    5.7%   

Industrials

    4.6%   

Investment Company

    3.4%   

Utilities

    3.3%   

Healthcare

    2.0%   

Other Assets less Liabilities

    0.4%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    6.0%   

Ambev S.A.

    4.8%   

MTN Group Ltd.

    4.1%   

iPath MSCI India Index ETN

    3.4%   

Advanced Info Service PCL, NVDR

    3.2%   

Vodacom Group Ltd.

    2.9%   

Astra International Tbk PT

    2.5%   

Sasol Ltd.

    2.4%   

BB Seguridade Participacoes S.A.

    2.2%   

MediaTek, 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 investment of cash collateral for securities on loan (if any).

The WisdomTree Emerging Markets Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Growth Index.

The Fund returned -1.19% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Taiwan. The Fund’s position in Brazil created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year        Since
Inception1
 

Fund NAV Returns

       -1.19        -0.89

Fund Market Price Returns

       -0.71        -1.98

WisdomTree Emerging Markets Dividend Growth Index

       0.06        0.14

MSCI Emerging Markets Index

       0.44        3.47
1 

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

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

8   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    28.0%   

Energy

    19.3%   

Telecommunication Services

    15.4%   

Materials

    10.7%   

Utilities

    7.1%   

Information Technology

    6.4%   

Industrials

    4.9%   

Consumer Discretionary

    4.2%   

Consumer Staples

    3.4%   

Healthcare

    0.1%   

Investment Company

    0.1%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

China Construction Bank Corp., Class H

    4.7%   

Gazprom OAO, ADR

    4.2%   

Rosneft OAO, GDR Reg S

    3.7%   

Industrial & Commercial Bank of China Ltd., Class H

    3.6%   

Lukoil OAO, ADR

    3.4%   

Bank of China Ltd., Class H

    2.8%   

MMC Norilsk Nickel OJSC, ADR

    2.7%   

MTN Group Ltd.

    2.0%   

Vale S.A.

    1.8%   

Advanced Info Service PCL

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree Emerging Markets Equity Income Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Equity Income Index.

The Fund returned -9.40% for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in China. The Fund’s position in Russia created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -9.40      -5.62      0.09      1.79

Fund Market Price Returns

       -9.49      -5.92      -0.15      1.35

WisdomTree Emerging Markets Equity Income Index

       -8.18      -4.40      1.26      2.85

MSCI Emerging Markets Index

       0.44      0.31      1.75      0.24
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 13, 2007.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      9   


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Information Technology

    23.3%   

Financials

    20.1%   

Consumer Discretionary

    14.8%   

Consumer Staples

    9.9%   

Materials

    6.6%   

Industrials

    6.2%   

Telecommunication Services

    5.2%   

Energy

    4.7%   

Investment Company

    4.4%   

Healthcare

    3.1%   

Utilities

    1.4%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    5.1%   

iPath MSCI India Index ETN

    4.5%   

Samsung Electronics Co., Ltd.

    3.4%   

Baidu, Inc., ADR

    2.9%   

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

    2.1%   

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.1%   

Naspers Ltd., Class N

    1.9%   

Lukoil OAO, ADR

    1.4%   

Ambev S.A.

    1.3%   

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

    1.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes 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 Fund returned 2.57% at net asset value (“NAV”) from Fund inception on December 10, 2014 to March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Information Technology sector. The Fund’s position in the Industrials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Cumulative Total Return  
        Since Inception1  

Fund NAV Returns

       2.57

Fund Market Price Returns

       3.21

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       2.83

MSCI Emerging Markets Index

       2.19
1 

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

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

10   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    18.1%   

Industrials

    17.3%   

Consumer Discretionary

    16.5%   

Information Technology

    15.1%   

Materials

    12.6%   

Consumer Staples

    7.1%   

Utilities

    5.6%   

Healthcare

    3.2%   

Energy

    2.4%   

Investment Company

    1.0%   

Telecommunication Services

    0.6%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

iPath MSCI India Index ETN

    1.0%   

Foschini Group Ltd. (The)

    0.8%   

Inventec Corp.

    0.8%   

Macquarie Korea Infrastructure Fund

    0.8%   

HAP Seng Consolidated Bhd

    0.8%   

Semirara Mining and Power Co.

    0.7%   

Delta Electronics Thailand PCL

    0.7%   

Dogus Otomotiv Servis ve Ticaret AS

    0.7%   

Capitec Bank Holdings Ltd.

    0.7%   

Synnex Technology International Corp.

    0.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes 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 Fund returned -1.51% for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in China. The Fund’s position in Brazil created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -1.51      0.76      3.28      1.38

Fund Market Price Returns

       -2.32      0.36      3.10      1.32

WisdomTree Emerging Markets SmallCap Dividend Index

       -0.13      2.18      4.49      2.54

MSCI Emerging Markets Small Cap Index

       1.06      3.48      2.64      -0.11
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 30, 2007.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      11   


Table of Contents

Performance Summary (unaudited)

WisdomTree Global Equity Income Fund (DEW)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    25.5%   

Telecommunication Services

    14.2%   

Energy

    12.8%   

Utilities

    9.3%   

Consumer Staples

    9.0%   

Industrials

    8.5%   

Consumer Discretionary

    6.2%   

Materials

    5.9%   

Healthcare

    5.9%   

Information Technology

    2.0%   

Investment Company

    0.1%   

Other Assets less Liabilities

    0.6%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

China Construction Bank Corp., Class H

    1.8%   

China Mobile Ltd.

    1.6%   

Verizon Communications, Inc.

    1.5%   

AT&T, Inc.

    1.5%   

BP PLC

    1.5%   

Pfizer, Inc.

    1.4%   

General Electric Co.

    1.4%   

Nestle S.A., Registered Shares

    1.4%   

Chevron Corp.

    1.3%   

Commonwealth Bank of Australia

    1.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Global Equity Income Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global Equity Income Index.

The Fund returned -3.23% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the United States of America. The Fund’s position in France created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -3.23      6.55      5.89      3.10

Fund Market Price Returns

       -2.87      6.37      5.72      3.00

WisdomTree Europe Equity Income/Global Equity Income Spliced Index2

       -3.16      6.85      6.04      3.43

MSCI Europe Value/MSCI AC World Spliced Index3

       5.42      10.75      8.99      4.49
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2 

WisdomTree Europe Equity Income Index through June 19, 2009; WisdomTree Global Equity Income Index thereafter.

3 

MSCI Europe Value Index through June 19, 2009; MSCI AC World Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

12   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Discretionary

    22.1%   

Information Technology

    14.4%   

Industrials

    12.3%   

Consumer Staples

    11.6%   

Healthcare

    8.6%   

Financials

    8.3%   

Telecommunication Services

    7.9%   

Materials

    6.6%   

Energy

    4.0%   

Investment Company

    2.6%   

Utilities

    1.1%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    4.7%   

Ambev S.A.

    4.6%   

Novo Nordisk A/S, Class B

    4.2%   

Hennes & Mauritz AB, Class B

    2.7%   

Inditex S.A.

    2.6%   

iPath MSCI India Index ETN

    2.5%   

MTN Group Ltd.

    2.4%   

Volkswagen AG

    2.4%   

Syngenta AG, Registered Shares

    1.8%   

Vodacom Group Ltd.

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree Global ex-U.S. Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Dividend Growth Index.

The Fund returned 0.24% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Consumer Discretionary sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

      Average Annual Total Return  
      1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

     0.24      2.58      3.07      2.66

Fund Market Price Returns

     0.79      2.56      2.95      2.74

WisdomTree Japan Equity Income/Global ex-U.S. Dividend Growth Spliced Index2

     0.78      3.31      3.85      3.25

MSCI Japan Value/ MSCI AC World ex-USA Growth Spliced Index3

     1.71      7.14      5.75      4.61
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2 

WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree Global ex-U.S. Dividend Growth Index thereafter.

3 

MSCI Japan Value Index through June 19, 2009; MSCI AC World ex-USA Growth Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      13   


Table of Contents

Performance Summary (unaudited)

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

 

Industry Breakdown† as of 3/31/15

 

Industry   % of Net Assets  

Real Estate Investment Trusts (REITs)

    53.3%   

Real Estate Management & Development

    46.4%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Unibail-Rodamco SE

    4.0%   

CK Hutchison Holdings Ltd.

    3.8%   

Westfield Corp.

    3.8%   

Sun Hung Kai Properties Ltd.

    3.7%   

Klepierre

    2.6%   

Wharf Holdings Ltd. (The)

    2.0%   

China Overseas Land & Investment Ltd.

    1.8%   

Brookfield Asset Management, Inc., Class A

    1.7%   

British Land Co. PLC (The)

    1.7%   

Stockland

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree Global ex-U.S. Real Estate Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Real Estate Index.

The Fund returned 12.08% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Hong Kong. The Fund’s position in Brazil created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       12.08      10.17      8.81      -0.76

Fund Market Price Returns

       12.41      10.02      8.69      -0.94

WisdomTree International Real Estate/Global ex-U.S. Real Estate Spliced Index2

       12.29      10.43      8.95      -0.61

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

       8.80      11.30      10.59      -0.70
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 5, 2007.

2 

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

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

14   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

 

Industry Breakdown† as of 3/31/15

 

Industry   % of Net Assets  

Electric Utilities

    36.2%   

Independent Power and Renewable Electricity Producers

    21.1%   

Multi-Utilities

    18.9%   

Gas Utilities

    13.4%   

Water Utilities

    8.0%   

Investment Company

    1.7%   

Commercial Services & Supplies

    0.5%   

Other Assets less Liabilities

    0.2%   

Total

    100.0%   

 

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Huaneng Power International, Inc., Class H

    2.3%   

China Power International Development Ltd.

    2.3%   

AGL Energy Ltd.

    2.2%   

SSE PLC

    2.2%   

Veolia Environnement S.A.

    2.1%   

United Utilities Group PLC

    2.0%   

Snam SpA

    2.0%   

Suez Environnement Co.

    2.0%   

CEZ AS

    1.9%   

Huadian Power International Corp., Ltd., Class H

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree Global ex-U.S. Utilities Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Utilities Index.

The Fund returned -6.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Hong Kong. The Fund’s position in France created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -6.44      1.74      0.33      -0.16

Fund Market Price Returns

       -6.23      1.64      0.29      -0.27

WisdomTree International Utilities Sector/Global ex-U.S. Utilities Spliced Index2

       -6.12      1.98      0.32      0.00 %3 

S&P Developed ex-U.S. BMI Utilities Sector Index

       -7.35      4.55      0.01      -3.61
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. BMI Utilities Sector Index total returns are based on the index’s inception date of April 1, 2008.

2 

WisdomTree International Utilities Sector Index through June 17, 2011; WisdomTree Global ex-U.S. Utilities Index thereafter.

3 

Amount represents less than 0.005%.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      15   


Table of Contents

Performance Summary (unaudited)

WisdomTree Global Natural Resources Fund (GNAT)

 

Industry Breakdown† as of 3/31/15

 

Industry   % of Net Assets  

Oil, Gas & Consumable Fuels

    42.5%   

Metals & Mining

    29.9%   

Energy Equipment & Services

    11.5%   

Chemicals

    10.1%   

Food Products

    5.1%   

Investment Company

    0.4%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. It does not include derivatives (if any).

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Antofagasta PLC

    3.3

Diamond Offshore Drilling, Inc.

    2.8

MMC Norilsk Nickel OJSC, ADR

    2.6

Woodside Petroleum Ltd.

    2.4

Lukoil OAO, ADR

    2.2

BP PLC

    2.1

Kumba Iron Ore Ltd.

    2.1

China Shenhua Energy Co., Ltd., Class H

    1.9

Eni SpA

    1.9

Rio Tinto Ltd.

    1.8
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Global Natural Resources Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global Natural Resources Index.

The Fund returned -23.84% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Sweden. The Fund’s position in the United States of America created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -23.84      -11.53      -5.49      -2.13

Fund Market Price Returns

       -23.53      -11.51      -5.39      -2.20

WisdomTree International Energy Sector/Global Natural Resources Spliced Index2

       -23.63      -11.19      -5.29      -1.78

S&P Developed ex-U.S. BMI Energy Sector/ S&P Global Natural Resources Spliced Index3

       -12.53      -4.22      -1.75      -2.24
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. BMI Energy Sector Index total returns are based on the index’s inception date of April 1, 2008.

2 

WisdomTree International Energy Sector Index through June 17, 2011; WisdomTree Global Natural Resources Index thereafter.

3 

S&P Developed ex-U.S. BMI Energy Sector Index through June 17, 2011; S&P Global Natural Resources Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

16   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree India Earnings Fund (EPI)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    26.7%   

Information Technology

    18.9%   

Energy

    15.5%   

Consumer Discretionary

    9.2%   

Materials

    6.8%   

Utilities

    6.1%   

Industrials

    5.6%   

Healthcare

    5.4%   

Consumer Staples

    4.2%   

Telecommunication Services

    1.5%   

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 includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Infosys Ltd.

    8.4%   

Housing Development Finance Corp., Ltd.

    7.8%   

Reliance Industries Ltd.

    7.0%   

ICICI Bank Ltd.

    4.2%   

Tata Motors Ltd.

    3.7%   

Tata Consultancy Services Ltd.

    3.5%   

Oil & Natural Gas Corp., Ltd.

    3.3%   

State Bank of India

    2.4%   

NTPC Ltd.

    2.2%   

HCL Technologies 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 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 Fund returned 20.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Financials sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.83%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       20.44      6.61      0.35      -0.59

Fund Market Price Returns

       21.06      6.79      0.39      -0.61

WisdomTree India Earnings Index

       21.65      7.77      1.53      0.76

MSCI India Index

       20.70      9.62      2.77      0.68
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 22, 2008.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      17   


Table of Contents

Performance Summary (unaudited)

WisdomTree Middle East Dividend Fund (GULF)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    59.6%   

Telecommunication Services

    18.7%   

Industrials

    12.8%   

Energy

    2.3%   

Utilities

    1.3%   

Consumer Discretionary

    1.3%   

Materials

    1.2%   

Consumer Staples

    1.2%   

Healthcare

    0.1%   

Other Assets less Liabilities

    1.5%   

Total

    100.0%   

 

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

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Industries Qatar QSC

    8.2%   

Qatar National Bank SAQ

    7.6%   

First Gulf Bank PJSC

    7.6%   

Maroc Telecom

    6.5%   

Mobile Telecommunications Co. KSC

    5.3%   

National Bank of Abu Dhabi PJSC

    4.3%   

National Bank of Kuwait SAKP

    3.9%   

Abu Dhabi Commercial Bank PJSC

    3.6%   

Ahli United Bank BSC

    2.6%   

Telecom Egypt Co.

    2.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Middle East Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Middle East Dividend Index.

The Fund returned -6.28% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in Morocco. The Fund’s position in Kuwait created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.88%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       -6.28      13.57      9.89      1.00

Fund Market Price Returns

       -7.52      13.48      9.05      0.64

WisdomTree Middle East Dividend Index

       -5.68      14.34      10.35      2.26

MSCI Arabian Markets ex-Saudi Arabia Index

       -7.77      7.96      4.05      -4.38
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 16, 2008.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

18   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this report:

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.

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

The MSCI AC Asia Pacific ex-Japan Index is comprised of large- and mid-capitalization segments of emerging market and developed market countries in the Asia Pacific region, excluding Japan.

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

The MSCI ACWI ex-USA Index is comprised of large- and mid-capitalization segments of the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI Arabian Markets ex-Saudi Arabia Index is a free float-adjusted market capitalization index that aims to represent the universe of companies in the Gulf Cooperation Council (GCC) countries, excluding Saudi Arabia, plus Jordan, Egypt, Morocco, Tunisia and Lebanon.

The MSCI China Index is a capitalization weighted index that is comprised of stocks in China.

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 Europe Value Index is comprised of value stocks in the MSCI Europe Index.

The MSCI India Index is a free float-adjusted market capitalization index that is comprised of stocks in India.

The MSCI Japan Value Index is comprised of value stocks in the MSCI Japan Index.

The MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index that is comprised of stocks in Australia, Hong Kong, Singapore and New Zealand.

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

The S&P Developed ex-U.S. BMI Sector Indexes are indexes that track specific sectors of developed global markets outside the United States. The S&P Developed Ex-U.S. BMI Utilities Index includes companies that are classified as members of the GICS utilities sector and sub-industries; the S&P Developed Ex-U.S. BMI Materials Index includes companies of the GICS materials sector and sub-industries; the S&P Developed Ex-U.S. BMI Energy Index includes companies of the GICS energy sector and sub-industries.

The S&P Global Natural Resources Index is comprised of the largest publicly traded companies in natural resources and commodities businesses that meet specific eligibility requirements.

The WisdomTree Asia Pacific ex-Japan Index is comprised of dividend-paying companies incorporated in emerging market and developed countries in the Pacific region, excluding Japan.

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

The WisdomTree Commodity Country Equity Index is comprised of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Commodities sector.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      19   


Table of Contents

Description of Indexes (unaudited) (continued)

 

The WisdomTree Emerging Markets Consumer Growth Index consists of stocks that best exemplify growth trends in emerging market consumers and their local economies.

The WisdomTree Emerging Markets Dividend Growth Index consists of dividend paying stocks with growth characteristics selected from the WisdomTree Emerging Markets Dividend Index.

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

The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified

market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises.” WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

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

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

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

The WisdomTree Global ex-U.S. 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 ex-U.S. Utilities Index is comprised of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Utilities sector.

The WisdomTree Global Natural Resources Index is comprised of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Natural Resources sector.

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

The WisdomTree International Sector Indexes, which encompass Basic Materials, Energy and Utilities, are derived from the WisdomTree DEFA Index, and measure the performance of dividend-paying companies in developed markets outside the U.S. and Canada, within their specific international sectors.

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

The WisdomTree Middle East Dividend Index is comprised of companies in the Middle East region that pay regular cash dividends on shares of common stock and that meet specified requirements as of the index measurement date.

The WisdomTree Pacific ex-Japan Dividend Index is comprised of dividend-paying companies incorporated in the Pacific region, excluding Japan.

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

 

20   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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

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

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

WisdomTree Investments and WisdomTree Asset Management (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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      21   


Table of Contents

Shareholder Expense Examples (unaudited)

 

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 following example is 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 example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2014 to March 31, 2015.

Actual expenses

The first line under each Fund in the table on the next page 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 10/1/14 to 3/31/15” to estimate the expenses you paid on your account during the period.

Hypothetical example for comparison purposes

The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each 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 under each Fund 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.

 

22   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

      Beginning
Account Value
10/1/14
     Ending
Account Value
3/31/15
     Annualized
Expense Ratio
Based on the
Period
10/1/14 to
3/31/15
    Expenses Paid
During the
Period†
10/1/14 to
3/31/15
 

WisdomTree Asia Pacific ex-Japan Fund

          

Actual

   $ 1,000.00       $ 1,012.40         0.48   $ 2.41   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.54         0.48   $ 2.42   

WisdomTree China Dividend ex-Financials Fund

          

Actual

   $ 1,000.00       $ 1,064.50         0.63   $ 3.24   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,021.79         0.63   $ 3.18   

WisdomTree Commodity Country Equity Fund

          

Actual

   $ 1,000.00       $ 877.00         0.58   $ 2.71   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58   $ 2.92   

WisdomTree Emerging Markets Consumer Growth Fund

          

Actual

   $ 1,000.00       $ 997.40         0.63   $ 3.14   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,021.79         0.63   $ 3.18   

WisdomTree Emerging Markets Dividend Growth Fund

          

Actual

   $ 1,000.00       $ 947.70         0.63   $ 3.06   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,021.79         0.63   $ 3.18   

WisdomTree Emerging Markets Equity Income Fund

          

Actual

   $ 1,000.00       $ 898.40         0.63   $ 2.98   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,021.79         0.63   $ 3.18   

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

          

Actual1

   $ 1,000.00       $ 1,025.70         0.58   $ 1.80   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58   $ 2.92   

WisdomTree Emerging Markets SmallCap Dividend Fund

          

Actual

   $ 1,000.00       $ 961.50         0.63   $ 3.08   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,021.79         0.63   $ 3.18   

WisdomTree Global Equity Income Fund

          

Actual

   $ 1,000.00       $ 966.00         0.58   $ 2.84   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58   $ 2.92   

WisdomTree Global ex-U.S. Dividend Growth Fund

          

Actual

   $ 1,000.00       $ 1,007.60         0.58   $ 2.90   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58   $ 2.92   

WisdomTree Global ex-U.S. Real Estate Fund

          

Actual

   $ 1,000.00       $ 1,067.50         0.58   $ 2.99   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58   $ 2.92   

WisdomTree Global ex-U.S. Utilities Fund

          

Actual

   $ 1,000.00       $ 921.20         0.58   $ 2.78   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58   $ 2.92   

WisdomTree Global Natural Resources Fund

          

Actual

   $ 1,000.00       $ 782.30         0.58   $ 2.58   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58   $ 2.92   

WisdomTree India Earnings Fund (consolidated)

          

Actual

   $ 1,000.00       $ 1,031.00         0.83   $ 4.20   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,020.79         0.83   $ 4.18   

WisdomTree Middle East Dividend Fund

          

Actual

   $ 1,000.00       $ 863.20         0.88   $ 4.09   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,020.54         0.88   $ 4.43   
Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period).

 

1 

Fund commenced operations on December 10, 2014. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 112/365 (to reflect the period since commencement of operations).

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      23   


Table of Contents

Schedule of Investments

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 96.9%      
Australia – 21.2%      

AGL Energy Ltd.

     11,641       $ 135,176   

Amcor Ltd.

     15,191         162,937   

AMP Ltd.

     24,109         118,612   

Aurizon Holdings Ltd.

     31,979         118,487   

Australia & New Zealand Banking Group Ltd.

     25,218         705,880   

BHP Billiton Ltd.

     44,444         1,053,562   

Brambles Ltd.

     17,924         157,744   

Coca-Cola Amatil Ltd.(a)

     19,358         159,421   

Commonwealth Bank of Australia

     14,524         1,036,330   

Crown Resorts Ltd.(a)

     9,436         96,379   

CSL Ltd.

     2,544         179,034   

Fortescue Metals Group Ltd.(a)

     80,743         120,900   

Insurance Australia Group Ltd.(a)

     26,119         121,717   

Leighton Holdings Ltd.(a)

     7,772         125,576   

Macquarie Group Ltd.

     2,526         147,953   

National Australia Bank Ltd.

     22,521         663,250   

Orica Ltd.(a)

     8,145         124,510   

Origin Energy Ltd.

     8,506         73,494   

Rio Tinto Ltd.(a)

     7,974         348,630   

Santos Ltd.

     13,399         73,086   

Sonic Healthcare Ltd.

     7,415         115,786   

Suncorp Group Ltd.

     12,556         129,494   

Telstra Corp., Ltd.

     286,840         1,382,720   

Wesfarmers Ltd.

     19,869         667,266   

Westpac Banking Corp.

     31,725         954,426   

Woodside Petroleum Ltd.

     19,952         526,165   

Woolworths Ltd.

     20,693         466,190   
     

 

 

 
Total Australia         9,964,725   
China – 26.6%      

Agricultural Bank of China Ltd. Class H

     348,000         172,361   

Bank of China Ltd. Class H

     986,255         569,895   

Bank of Communications Co., Ltd. Class H

     366,955         314,747   

BOC Hong Kong Holdings Ltd.

     85,889         306,309   

China Construction Bank Corp. Class H

     2,737,100         2,273,547   

China Life Insurance Co., Ltd. Class H

     6,674         29,225   

China Merchants Bank Co., Ltd. Class H

     58,404         142,676   

China Merchants Holdings International Co., Ltd.

     42,850         167,740   

China Mobile Ltd.

     288,734         3,768,824   

China National Building Material Co., Ltd. Class H

     14,973         14,909   

China Overseas Land & Investment Ltd.

     43,065         139,142   

China Petroleum & Chemical Corp. Class H

     544,261         433,132   

China Resources Power Holdings Co., Ltd.

     74,218         186,286   

China Shenhua Energy Co., Ltd. Class H

     82,736         211,294   

China Telecom Corp., Ltd. Class H

     699,038         448,110   

China Unicom Hong Kong Ltd.

     150,333         228,804   

CNOOC Ltd.

     769,568         1,087,890   

Dongfeng Motor Group Co., Ltd. Class H

     72,181         115,817   

Fosun International Ltd.(a)

     89,500         173,389   

Guangdong Investment Ltd.

     98,000         128,424   

Industrial & Commercial Bank of China Ltd. Class H

     974,270         718,791   

Lenovo Group Ltd.(a)

     91,000         132,866   

PetroChina Co., Ltd. Class H

     350,919       $ 388,348   

PICC Property & Casualty Co., Ltd. Class H

     99,444         196,501   

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

     2,533         30,449   

Sinopharm Group Co., Ltd. Class H

     7,014         28,633   

Sun Art Retail Group Ltd.(a)

     137,225         119,472   
     

 

 

 
Total China         12,527,581   
Hong Kong – 7.7%      

AIA Group Ltd.

     29,525         185,839   

CK Hutchison Holdings Ltd.

     13,277         271,943   

CLP Holdings Ltd.

     35,366         309,046   

Hang Lung Properties Ltd.

     29,000         81,542   

Hang Seng Bank Ltd.

     11,703         212,081   

Henderson Land Development Co., Ltd.

     17,270         121,288   

Hong Kong & China Gas Co., Ltd.

     84,420         195,342   

Hong Kong Exchanges and Clearing Ltd.

     4,535         111,137   

Hutchison Whampoa Ltd.

     48,027         666,538   

MTR Corp., Ltd.

     71,765         341,560   

New World Development Co., Ltd.

     63,409         73,526   

Power Assets Holdings Ltd.

     31,579         322,997   

Sino Land Co., Ltd.

     52,924         86,283   

SJM Holdings Ltd.(a)

     163,276         213,544   

Sun Hung Kai Properties Ltd.

     13,534         208,778   

Swire Properties Ltd.

     29,400         95,749   

Wharf Holdings Ltd. (The)

     18,350         128,163   
     

 

 

 
Total Hong Kong         3,625,356   
India – 0.2%      

Infosys Ltd. ADR(a)

     3,262         114,431   
Indonesia – 3.7%      

Astra International Tbk PT

     611,161         400,819   

Bank Central Asia Tbk PT

     78,275         88,751   

Bank Mandiri Persero Tbk PT

     130,824         124,821   

Bank Rakyat Indonesia Persero Tbk PT

     139,200         141,329   

Indocement Tunggal Prakarsa Tbk PT

     80,400         134,820   

Perusahaan Gas Negara Persero Tbk PT

     425,900         156,353   

Semen Indonesia Persero Tbk PT

     23,733         24,777   

Telekomunikasi Indonesia Persero Tbk PT

     1,339,500         296,073   

Unilever Indonesia Tbk PT

     83,835         254,230   

United Tractors Tbk PT

     59,800         99,705   
     

 

 

 
Total Indonesia         1,721,678   
Malaysia – 6.0%      

Astro Malaysia Holdings Bhd

     87,100         75,259   

Axiata Group Bhd

     105,300         201,303   

British American Tobacco Malaysia Bhd

     6,200         114,943   

DiGi.Com Bhd

     137,100         233,220   

Genting Malaysia Bhd

     68,640         78,398   

IOI Corp. Bhd

     121,200         150,211   

Kuala Lumpur Kepong Bhd

     15,100         92,879   

Malayan Banking Bhd

     89,294         224,953   

Maxis Bhd

     192,800         374,303   

Petronas Chemicals Group Bhd

     87,708         133,569   

Petronas Dagangan Bhd

     18,000         97,205   

Petronas Gas Bhd

     23,900         148,556   

Public Bank Bhd

     28,490         145,239   

 

See Notes to Financial Statements.

 

24   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Sime Darby Bhd

     94,200       $ 235,786   

Telekom Malaysia Bhd

     54,900         107,769   

Tenaga Nasional Bhd

     65,900         255,522   

YTL Corp. Bhd

     333,400         150,338   
     

 

 

 
Total Malaysia         2,819,453   
Philippines – 1.9%      

Aboitiz Equity Ventures, Inc.

     110,550         143,443   

Aboitiz Power Corp.

     122,200         121,653   

Philippine Long Distance Telephone Co.

     5,700         364,188   

SM Investments Corp.

     6,546         131,725   

Universal Robina Corp.

     23,020         116,388   
     

 

 

 
Total Philippines         877,397   
Singapore – 6.4%      

DBS Group Holdings Ltd.

     20,017         297,110   

Hutchison Port Holdings Trust(a)

     223,357         155,233   

Jardine Cycle & Carriage Ltd.

     5,391         161,372   

Keppel Corp., Ltd.(a)

     23,481         154,064   

Oversea-Chinese Banking Corp., Ltd.

     16,981         130,852   

Sembcorp Industries Ltd.

     39,116         120,339   

Sembcorp Marine Ltd.(a)

     45,757         97,405   

Singapore Airlines Ltd.

     25,557         222,648   

Singapore Press Holdings Ltd.

     38,000         116,075   

Singapore Technologies Engineering Ltd.

     66,625         169,028   

Singapore Telecommunications Ltd.

     304,577         972,550   

StarHub Ltd.

     37,000         117,336   

United Overseas Bank Ltd.

     8,574         143,765   

Wilmar International Ltd.(a)

     67,000         159,233   
     

 

 

 
Total Singapore         3,017,010   
South Korea – 6.6%      

Coway Co., Ltd.

     500         41,237   

Hyundai Heavy Industries Co., Ltd.

     807         88,741   

Hyundai Mobis Co., Ltd.

     443         98,427   

Hyundai Motor Co.

     1,153         175,114   

Kangwon Land, Inc.

     2,841         88,729   

KB Financial Group, Inc.

     1,634         57,881   

Kia Motors Corp.

     2,265         92,278   

Korea Zinc Co., Ltd.

     216         82,549   

KT&G Corp.

     2,289         183,004   

LG Chem Ltd.

     621         126,501   

LG Corp.

     1,468         81,111   

LG Household & Health Care Ltd.

     23         17,435   

POSCO

     1,056         232,721   

Samsung Electronics Co., Ltd.

     802         1,041,671   

Samsung Heavy Industries Co., Ltd.

     568         9,241   

Samsung Life Insurance Co., Ltd.

     930         81,059   

SK C&C Co., Ltd.

     110         23,052   

SK Holdings Co., Ltd.

     497         76,155   

SK Innovation Co., Ltd.

     1,981         170,343   

SK Telecom Co., Ltd.

     413         101,440   

SK Telecom Co., Ltd. ADR(a)

     8,909         242,414   
     

 

 

 
Total South Korea         3,111,103   
Taiwan – 11.5%      

Advanced Semiconductor Engineering, Inc.

     110,175       $ 148,766   

Asustek Computer, Inc.

     20,740         208,792   

Cathay Financial Holding Co., Ltd.

     63,614         101,652   

Cheng Shin Rubber Industry Co., Ltd.

     67,948         156,135   

China Steel Corp.

     191,078         158,774   

Chunghwa Telecom Co., Ltd.

     66,436         211,262   

CTBC Financial Holding Co., Ltd.

     2,000         1,330   

Delta Electronics, Inc.

     32,000         201,981   

Far Eastern New Century Corp.

     111,141         114,729   

Far EasTone Telecommunications Co., Ltd.

     69,000         166,491   

First Financial Holding Co., Ltd.

     3,000         1,783   

Formosa Chemicals & Fibre Corp.

     71,685         164,493   

Formosa Petrochemical Corp.

     144,511         316,363   

Formosa Plastics Corp.

     61,444         149,044   

Fubon Financial Holding Co., Ltd.

     62,803         112,801   

Hon Hai Precision Industry Co., Ltd.

     117,448         343,823   

Hua Nan Financial Holdings Co., Ltd.

     1,000         572   

MediaTek, Inc.

     22,000         297,763   

Nan Ya Plastics Corp.

     125,537         278,837   

President Chain Store Corp.

     16,000         120,422   

Quanta Computer, Inc.

     101,000         244,027   

Taiwan Cement Corp.

     112,772         158,940   

Taiwan Mobile Co., Ltd.

     82,100         287,311   

Taiwan Semiconductor Manufacturing Co., Ltd.

     287,241         1,335,684   

Uni-President Enterprises Corp.

     69,179         115,851   

Yuanta Financial Holding Co., Ltd.

     2,000         1,007   
     

 

 

 
Total Taiwan         5,398,633   
Thailand – 5.1%      

Advanced Info Service PCL

     55,300         402,769   

Advanced Info Service PCL NVDR

     13,000         94,683   

Airports of Thailand PCL NVDR

     15,284         131,516   

Bangkok Bank PCL NVDR

     12,700         72,008   

Charoen Pokphand Foods PCL

     80,799         55,869   

CP ALL PCL

     65,100         82,025   

Intouch Holdings PCL NVDR

     72,085         171,130   

Krung Thai Bank PCL NVDR

     124,300         87,094   

PTT Exploration & Production PCL

     69,513         232,849   

PTT Global Chemical PCL

     115,794         185,932   

PTT PCL

     39,200         389,109   

PTT PCL NVDR

     7,300         72,462   

Siam Cement PCL (The) NVDR

     15,571         245,002   

Siam Commercial Bank PCL (The)

     18,900         103,387   

Total Access Communication PCL NVDR

     37,481         94,451   
     

 

 

 
Total Thailand         2,420,286   
TOTAL COMMON STOCKS
(Cost: $41,210,858)
              45,597,653   
EXCHANGE-TRADED NOTE – 2.6%      
United States – 2.6%      
iPath MSCI India Index ETN*
(Cost: $901,215)
     16,653         1,234,320   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      25   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.7%      
United States – 4.7%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $2,197,864)(c)      2,197,864       $ 2,197,864   
TOTAL INVESTMENTS IN SECURITIES – 104.2%
(Cost: $44,309,937)
        49,029,837   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.2)%

        (1,993,053
     

 

 

 
NET ASSETS – 100.0%       $ 47,036,784   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $2,190,924 and the total market value of the collateral held by the Fund was $2,308,673. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $110,809. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

ETN – Exchange-Traded Note

NVDR – Non-Voting Depositary Receipt

 

See Notes to Financial Statements.

 

26   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree China Dividend ex-Financials Fund (CHXF)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%      
China – 100.0%      
Aerospace & Defense – 0.3%      

AviChina Industry & Technology Co., Ltd. Class H(a)

     60,000       $ 43,106   
Automobiles – 8.9%      

Brilliance China Automotive Holdings Ltd.

     68,000         131,035   

Byd Co., Ltd. Class H(a)

     2,500         12,866   

Dongfeng Motor Group Co., Ltd. Class H

     70,000         112,317   

Geely Automobile Holdings Ltd.(a)

     440,000         226,440   

Great Wall Motor Co., Ltd. Class H

     88,000         622,000   

Guangzhou Automobile Group Co., Ltd. Class H

     396,000         378,989   
     

 

 

 
Total Automobiles         1,483,647   
Beverages – 0.6%      

Tsingtao Brewery Co., Ltd. Class H(a)

     16,000         107,209   
Chemicals – 1.5%      

Huabao International Holdings Ltd.

     324,000         241,128   
Construction & Engineering – 7.9%      

China Communications Construction Co., Ltd. Class H

     500,000         704,239   

China Railway Group Ltd. Class H

     451,000         461,875   

China State Construction International Holdings Ltd.

     106,000         147,658   
     

 

 

 
Total Construction & Engineering         1,313,772   
Construction Materials – 1.7%      

Anhui Conch Cement Co., Ltd. Class H(a)

     14,500         54,891   

China National Building Material Co., Ltd. Class H(a)

     108,000         107,540   

China Resources Cement Holdings Ltd.

     204,000         115,511   
     

 

 

 
Total Construction Materials         277,942   
Diversified Telecommunication Services – 3.8%      

China Communications Services Corp., Ltd. Class H

     330,000         146,420   

China Telecom Corp., Ltd. Class H

     380,000         243,594   

China Unicom Hong Kong Ltd.

     158,000         240,473   
     

 

 

 
Total Diversified Telecommunication Services         630,487   
Electric Utilities – 2.1%      

HK Electric Investments & HK Electric Investments Ltd.(b)

     496,500         340,689   
Electrical Equipment – 1.5%      

Zhuzhou CSR Times Electric Co., Ltd. Class H

     37,000         242,911   
Electronic Equipment, Instruments & Components – 2.4%      

AAC Technologies Holdings, Inc.

     36,000         222,183   

Kingboard Chemical Holdings Ltd.

     60,000         95,034   

Sunny Optical Technology Group Co., Ltd.(a)

     45,000         81,839   
     

 

 

 
Total Electronic Equipment, Instruments & Components               399,056   
Energy Equipment & Services – 1.2%      

China Oilfield Services Ltd. Class H(a)

     122,000         202,991   
Food & Staples Retailing – 2.0%      

China Resources Enterprise Ltd.

     50,000         98,026   

Sun Art Retail Group Ltd.(a)

     272,500       237,245   
     

 

 

 
Total Food & Staples Retailing         335,271   
Food Products – 3.1%      

China Huishan Dairy Holdings Co., Ltd.(a)

     519,000         92,379   

China Mengniu Dairy Co., Ltd.

     18,000         95,652   

Tingyi Cayman Islands Holding Corp.

     70,000         150,599   

Uni-President China Holdings Ltd.(a)

     81,000         53,596   

Want Want China Holdings Ltd.(a)

     120,000         127,382   
     

 

 

 
Total Food Products         519,608   
Gas Utilities – 1.5%      

China Gas Holdings Ltd.

     40,000         65,523   

China Resources Gas Group Ltd.(a)

     48,000         149,206   

ENN Energy Holdings Ltd.

     6,000         36,798   
     

 

 

 
Total Gas Utilities         251,527   
Health Care Equipment & Supplies – 0.3%      

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

     48,000         42,285   
Health Care Providers & Services – 1.1%      

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     43,600         115,846   

Sinopharm Group Co., Ltd. Class H

     17,600         71,848   
     

 

 

 
Total Health Care Providers & Services         187,694   
Hotels, Restaurants & Leisure – 0.4%      

Melco Crown Entertainment Ltd.

     9,000         64,136   
Household Durables – 0.4%      

Haier Electronics Group Co., Ltd.

     25,000         65,458   
Independent Power and Renewable Electricity Producers – 8.2%      

China Longyuan Power Group Corp., Ltd. Class H

     105,000         114,168   

China Resources Power Holdings Co., Ltd.

     86,000         215,859   

Datang International Power Generation Co., Ltd. Class H

     886,000         453,682   

Huaneng Power International, Inc. Class H

     482,000         570,712   
     

 

 

 
Total Independent Power and Renewable Electricity Producers               1,354,421   
Industrial Conglomerates – 1.4%      

Beijing Enterprises Holdings Ltd.

     14,000         110,150   

CITIC Ltd.

     72,000         123,327   
     

 

 

 
Total Industrial Conglomerates         233,477   
Internet Software & Services – 0.9%      

Tencent Holdings Ltd.

     7,700         146,193   
IT Services – 0.8%      

Travelsky Technology Ltd. Class H

     117,000         134,761   
Machinery – 0.7%      

Weichai Power Co., Ltd. Class H

     32,000         123,410   
Metals & Mining – 4.9%      

Fosun International Ltd.(a)

     90,500         175,326   

Jiangxi Copper Co., Ltd. Class H(a)

     136,000         252,948   

Zijin Mining Group Co., Ltd. Class H(a)

     1,220,000         387,099   
     

 

 

 
Total Metals & Mining         815,373   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      27   


Table of Contents

Schedule of Investments (concluded)

WisdomTree China Dividend ex-Financials Fund (CHXF)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 19.4%      

China Coal Energy Co., Ltd. Class H(a)

     296,000       $ 163,404   

China Petroleum & Chemical Corp. Class H

     1,014,000         806,957   

China Shenhua Energy Co., Ltd. Class H

     313,500         800,627   

CNOOC Ltd.

     323,000         456,605   

Kunlun Energy Co., Ltd.

     190,000         184,534   

PetroChina Co., Ltd. Class H

     700,000         774,663   

Yanzhou Coal Mining Co., Ltd. Class H(a)

     38,000         32,495   
     

 

 

 
Total Oil, Gas & Consumable Fuels         3,219,285   
Personal Products – 1.8%      

Hengan International Group Co., Ltd.

     25,000         300,204   
Pharmaceuticals – 1.6%      

CSPC Pharmaceutical Group Ltd.

     78,000         65,997   

Lijun International Pharmaceutical Holding Co., Ltd.

     128,000         55,968   

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     22,500         75,019   

Sihuan Pharmaceutical Holdings Group Ltd.(a)

     47,000         26,734   

Sino Biopharmaceutical Ltd.

     40,000         40,500   
     

 

 

 
Total Pharmaceuticals         264,218   
Semiconductors & Semiconductor Equipment – 3.0%      

Hanergy Thin Film Power Group Ltd.*(a)

     502,000         451,946   

Xinyi Solar Holdings Ltd.(a)

     168,000         52,222   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         504,168   
Software – 0.3%      

Kingsoft Corp., Ltd.(a)

     14,000         41,081   
Specialty Retail – 0.2%      

Esprit Holdings Ltd.(a)

     25,500         25,885   
Technology Hardware, Storage & Peripherals – 1.5%      

Lenovo Group Ltd.(a)

     168,000         245,292   
Textiles, Apparel & Luxury Goods – 0.6%      

Belle International Holdings Ltd.

     90,000         104,823   
Transportation Infrastructure – 3.3%      

China Merchants Holdings International Co., Ltd.

     75,050         293,790   

COSCO Pacific Ltd.

     194,000         254,228   
     

 

 

 
Total Transportation Infrastructure         548,018   
Water Utilities – 2.7%      

Beijing Enterprises Water Group Ltd.

     200,000         136,204   

Guangdong Investment Ltd.

     236,000         309,267   
     

 

 

 
Total Water Utilities         445,471   
Wireless Telecommunication Services – 8.0%      

China Mobile Ltd.

     101,500         1,324,872   
TOTAL COMMON STOCKS
(Cost: $15,979,563)
         16,579,869   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 15.2%      
United States – 15.2%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $2,523,384)(d)      2,523,384       2,523,384   

TOTAL INVESTMENTS IN SECURITIES – 115.2%

(Cost: $18,502,947)

        19,103,253   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (15.2)%

        (2,518,374
     

 

 

 
NET ASSETS – 100.0%             $ 16,584,879   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(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 March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $2,533,746 and the total market value of the collateral held by the Fund was $2,721,098. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $197,714. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

28   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Commodity Country Equity Fund (CCXE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
Australia – 12.7%      

AGL Energy Ltd.

     1,399       $ 16,245   

Amcor Ltd.

     1,607         17,236   

AMP Ltd.

     4,207         20,698   

Australia & New Zealand Banking Group Ltd.

     5,258         147,177   

BHP Billiton Ltd.

     6,025         142,825   

Coca-Cola Amatil Ltd.(a)

     2,148         17,690   

Commonwealth Bank of Australia(a)

     2,988         213,203   

CSL Ltd.

     288         20,268   

Fortescue Metals Group Ltd.(a)

     9,606         14,384   

Insurance Australia Group Ltd.

     5,216         24,307   

Macquarie Group Ltd.

     435         25,479   

National Australia Bank Ltd.

     4,962         146,132   

Origin Energy Ltd.

     1,325         11,448   

Rio Tinto Ltd.(a)

     859         37,556   

Suncorp Group Ltd.(a)

     2,360         24,339   

Telstra Corp., Ltd.(a)

     34,778         167,648   

Wesfarmers Ltd.(a)

     2,623         88,089   

Westpac Banking Corp.

     5,894         177,317   

Woodside Petroleum Ltd.

     2,542         67,037   

Woolworths Ltd.(a)

     2,560         57,674   
     

 

 

 
Total Australia         1,436,752   
Brazil – 10.1%      

Ambev S.A.

     52,432         302,672   

Banco Bradesco S.A.

     4,360         41,102   

Banco do Brasil S.A.

     10,269         73,609   

Banco Santander Brasil S.A.

     8,359         36,798   

BB Seguridade Participacoes S.A.

     5,154         52,893   

BM&FBovespa S.A. – Bolsa de Valores Mercadorias e Futuros

     4,444         15,518   

BRF S.A.

     1,146         22,697   

CCR S.A.

     7,892         40,249   

Cia Siderurgica Nacional S.A.

     10,592         17,995   

Cielo S.A.

     5,028         71,878   

CPFL Energia S.A.

     4,924         31,521   

Itau Unibanco Holding S.A.

     6,699         67,449   

Natura Cosmeticos S.A.

     1,866         15,705   

Petroleo Brasileiro S.A.

     21,299         63,842   

Porto Seguro S.A.

     2,046         22,886   

Souza Cruz S.A.

     7,637         60,693   

Tim Participacoes S.A.

     7,328         24,395   

Transmissora Alianca de Energia Eletrica S.A.

     4,080         26,731   

Ultrapar Participacoes S.A.

     1,532         31,075   

Vale S.A.

     22,577         126,727   
     

 

 

 
Total Brazil         1,146,435   
Canada – 11.3%      

Bank of Montreal(a)

     1,093         65,502   

Bank of Nova Scotia (The)(a)

     2,026         101,644   

BCE, Inc.(a)

     2,571         108,849   

Canadian Imperial Bank of Commerce(a)

     694         50,314   

Canadian Natural Resources Ltd.(a)

     1,654         50,697   

Crescent Point Energy Corp.(a)

     1,920         42,812   

Enbridge, Inc.

     1,452       69,992   

Great-West Lifeco, Inc.(a)

     1,731         50,051   

Husky Energy, Inc.(a)

     2,729         55,700   

Manulife Financial Corp.

     2,177         36,974   

Potash Corp. of Saskatchewan, Inc.

     2,367         76,308   

Power Financial Corp.(a)

     1,455         43,070   

Rogers Communications, Inc. Class B

     1,430         47,874   

Royal Bank of Canada

     2,252         135,564   

Sun Life Financial, Inc.(a)

     1,023         31,526   

Suncor Energy, Inc.(a)

     2,457         71,799   

TELUS Corp.

     1,621         53,846   

Toronto-Dominion Bank (The)

     2,806         120,105   

TransCanada Corp.(a)

     1,638         70,047   
     

 

 

 
Total Canada         1,282,674   
Chile – 12.3%      

Administradora de Fondos de Pensiones Habitat S.A.

     9,501         14,023   

Aguas Andinas S.A. Class A

     52,118         30,553   

Banco de Chile

     1,248,859         140,211   

Banco de Credito e Inversiones

     1,180         52,839   

Banco Santander Chile

     2,714,985         147,987   

CAP S.A.

     3,214         11,054   

Cencosud S.A.

     17,269         40,990   

Cia Cervecerias Unidas S.A.

     2,921         30,406   

Corpbanca S.A.

     3,829,658         40,570   

Empresa Nacional de Electricidad S.A.

     100,310         150,201   

Empresas CMPC S.A.

     11,901         32,675   

Empresas COPEC S.A.

     11,882         138,375   

Enersis S.A.

     779,087         255,347   

ENTEL Chile S.A.

     5,288         54,743   

Inversiones Aguas Metropolitanas S.A.

     21,241         34,247   

Inversiones La Construccion S.A.

     1,843         21,609   

S.A.C.I. Falabella

     20,220         154,945   

Sociedad Matriz del Banco de Chile S.A. Class B

     82,125         24,024   

SONDA S.A.

     10,419         24,577   
     

 

 

 
Total Chile         1,399,376   
New Zealand – 14.7%      

Air New Zealand Ltd.

     58,523         119,591   

Auckland International Airport Ltd.

     40,057         135,174   

Fisher & Paykel Healthcare Corp., Ltd.

     24,256         119,688   

Fletcher Building Ltd.

     45,471         287,111   

Fonterra Co-operative Group Ltd.

     1,564         6,545   

Heartland New Zealand Ltd.(a)

     17,262         16,569   

Kathmandu Holdings Ltd.(a)

     14,293         14,791   

Mainfreight Ltd.(a)

     2,705         31,381   

Metlifecare Ltd.

     2,287         8,095   

Nuplex Industries Ltd.

     12,543         30,099   

Ryman Healthcare Ltd.

     10,705         62,937   

Sky Network Television Ltd.(a)

     35,191         155,963   

SKYCITY Entertainment Group Ltd.

     51,758         159,135   

Spark New Zealand Ltd.

     177,236         396,070   

Summerset Group Holdings Ltd.

     4,849         12,072   

Tower Ltd.(a)

     10,851         18,878   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      29   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Commodity Country Equity Fund (CCXE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Trade Me Group Ltd.

     32,595       $ 90,439   
     

 

 

 
Total New Zealand         1,664,538   
Norway – 12.5%      

Aker ASA Class A

     659         14,433   

Atea ASA

     1,608         18,107   

DNB ASA

     5,036         81,047   

Gjensidige Forsikring ASA

     3,203         55,323   

Kongsberg Gruppen A/S

     585         11,650   

Leroy Seafood Group ASA

     442         12,889   

Marine Harvest ASA

     7,127         81,846   

Norsk Hydro ASA

     8,492         44,667   

Orkla ASA

     8,774         66,357   

Petroleum Geo-Services ASA(a)

     2,491         12,818   

Salmar ASA

     1,555         22,382   

SpareBank 1 SR-Bank ASA

     909         6,345   

Statoil ASA

     32,220         570,909   

Telenor ASA

     14,455         292,181   

TGS Nopec Geophysical Co. ASA(a)

     1,014         22,497   

Veidekke ASA

     1,161         13,614   

Wilh. Wilhelmsen ASA

     1,147         6,817   

Yara International ASA

     1,695         86,232   
     

 

 

 
Total Norway         1,420,114   
Russia – 12.1%      

Gazprom Neft OAO ADR

     3,454         45,938   

Gazprom OAO ADR

     55,450         263,609   

Lukoil OAO ADR

     4,652         215,481   

Magnit PJSC GDR Reg S

     554         28,282   

MegaFon OAO GDR Reg S

     3,488         55,808   

MMC Norilsk Nickel OJSC ADR

     9,318         165,534   

Mobile Telesystems OJSC ADR

     8,319         84,022   

NovaTek OAO GDR Reg S

     684         51,300   

Novolipetsk Steel OJSC GDR Reg S

     1,461         19,504   

PhosAgro OAO GDR Reg S

     1,087         12,283   

Rosneft OAO GDR Reg S

     53,595         230,727   

Rostelecom OJSC ADR

     1,166         9,223   

RusHydro JSC ADR

     6,384         6,180   

Sberbank of Russia ADR

     13,276         58,335   

Severstal PAO GDR Reg S

     1,867         20,966   

Sistema JSFC GDR Reg S

     6,011         44,481   

Tatneft OAO ADR

     1,323         39,412   

VTB Bank OJSC GDR Reg S

     11,048         22,295   
     

 

 

 
Total Russia         1,373,380   
South Africa – 12.9%      

Barclays Africa Group Ltd.

     5,635         86,039   

Bidvest Group Ltd. (The)

     1,679         45,547   

Coronation Fund Managers Ltd.

     2,441         19,794   

Exxaro Resources Ltd.(a)

     2,831         23,482   

FirstRand Ltd.

     28,372         130,758   

Imperial Holdings Ltd.

     1,690         26,908   

Kumba Iron Ore Ltd.(a)

     7,379         95,007   

Liberty Holdings Ltd.

     1,695         23,481   

MMI Holdings Ltd.

     10,219         27,681   

MTN Group Ltd.

     15,292         258,732   

Naspers Ltd. Class N

     258       39,819   

Nedbank Group Ltd.(a)

     2,726         53,497   

Remgro Ltd.

     916         20,095   

RMB Holdings Ltd.

     7,090         40,891   

Sanlam Ltd.

     8,038         51,991   

Sasol Ltd.

     4,381         149,033   

Shoprite Holdings Ltd.

     2,559         34,694   

Standard Bank Group Ltd.(a)

     8,553         118,593   

Vodacom Group Ltd.(a)

     16,780         183,765   

Woolworths Holdings Ltd.

     5,348         38,026   
     

 

 

 
Total South Africa         1,467,833   
United States – 0.7%      

Thomson Reuters Corp.(a)

     1,949         79,022   
TOTAL COMMON STOCKS
(Cost: $13,577,890)
              11,270,124   
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
WisdomTree Global Natural Resources Fund(b)
(Cost: $20,779)
     1,218         19,013   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 16.3%      
United States – 16.3%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $1,847,634)(d)      1,847,634         1,847,634   
TOTAL INVESTMENTS IN SECURITIES – 115.8%
(Cost: $15,446,303)
        13,136,771   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (15.8)%

        (1,791,107
     

 

 

 
NET ASSETS – 100.0%             $ 11,345,664   
(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 8).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $1,930,779 and the total market value of the collateral held by the Fund was $2,026,731. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $179,097.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

30   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Brazil – 14.6%      

AES Tiete S.A.

     11,300       $ 51,796   

Ambev S.A.

     218,542         1,261,569   

Arteris S.A.

     3,600         8,448   

BB Seguridade Participacoes S.A.

     16,000         164,200   

CCR S.A.

     18,000         91,799   

Cia Hering

     6,200         31,814   

CVC Brasil Operadora e Agencia de Viagens S.A.

     2,800         12,396   

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     20,300         84,157   

Estacio Participacoes S.A.

     3,200         18,563   

Even Construtora e Incorporadora S.A.

     27,300         37,754   

Ez Tec Empreendimentos e Participacoes S.A.

     12,200         77,030   

Grendene S.A.

     9,900         50,645   

Guararapes Confeccoes S.A.

     1,400         34,167   

Helbor Empreendimentos S.A.

     26,400         32,792   

Localiza Rent a Car S.A.

     2,800         31,801   

Lojas Americanas S.A.

     15,400         63,603   

Lojas Renner S.A.

     2,500         71,008   

M. Dias Branco S.A.

     2,000         53,884   

Magazine Luiza S.A.

     3,800         6,111   

MRV Engenharia e Participacoes S.A.

     20,800         52,259   

Natura Cosmeticos S.A.

     5,500         46,291   

Porto Seguro S.A.

     11,200         125,278   

Sonae Sierra Brasil S.A.

     3,800         22,578   

Souza Cruz S.A.

     30,000         238,416   

Tecnisa S.A.

     31,300         38,193   

Tractebel Energia S.A.

     9,300         102,716   

Via Varejo S.A.*

     17,700         90,768   
     

 

 

 
Total Brazil         2,900,036   
Chile – 3.2%      

Administradora de Fondos de Pensiones Habitat S.A.

     13,295         19,622   

Cencosud S.A.

     58,451         138,739   

Cia Cervecerias Unidas S.A.

     9,320         97,017   

ENTEL Chile S.A.

     4,737         49,039   

S.A.C.I. Falabella

     43,875         336,213   
     

 

 

 
Total Chile         640,630   
China – 28.0%      

Air China Ltd. Class H

     112,000         114,267   

Anhui Expressway Co., Ltd. Class H

     34,000         23,637   

Baidu, Inc. ADR*

     1,215         253,206   

Bank of Chongqing Co., Ltd. Class H

     89,500         73,881   

China Life Insurance Co., Ltd. Class H

     209,000         915,195   

China Pacific Insurance Group Co., Ltd. Class H

     63,600         302,699   

China Southern Airlines Co., Ltd. Class H

     128,000         89,978   

Chongqing Rural Commercial Bank Co., Ltd. Class H(a)

     356,900         231,549   

Datang International Power Generation Co., Ltd. Class H

     164,000         83,977   

Dongfeng Motor Group Co., Ltd. Class H

     276,000         442,850   

Fuguiniao Co., Ltd. Class H

     12,400         26,358   

Great Wall Motor Co., Ltd. Class H

     81,500         576,057   

Guangzhou Automobile Group Co., Ltd. Class H

     112,000       107,189   

Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H

     8,000         27,550   

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

     177,200         181,701   

Haitong Securities Co., Ltd. Class H(a)

     58,800         143,188   

Hisense Kelon Electrical Holdings Co., Ltd. Class H*

     53,000         45,733   

Huaneng Power International, Inc. Class H

     226,000         267,595   

Huishang Bank Corp., Ltd. Class H(a)

     167,000         75,174   

Livzon Pharmaceutical Group, Inc. Class H

     1,700         10,898   

NetEase, Inc. ADR(a)

     1,230         129,519   

New China Life Insurance Co., Ltd. Class H

     32,700         182,626   

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

     83,000         997,749   

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

     17,978         59,942   

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     25,600         68,020   

SouFun Holdings Ltd. ADR

     4,983         29,898   

Tsingtao Brewery Co., Ltd. Class H(a)

     12,000         80,407   

Wumart Stores, Inc. Class H(a)

     29,000         21,021   

Xinhua Winshare Publishing and Media Co., Ltd. Class H

     22,000         21,452   
     

 

 

 
Total China         5,583,316   
India – 3.2%      

Apollo Tyres Ltd.

     18,404         49,479   

Bajaj Auto Ltd.

     2,000         64,447   

Hindustan Unilever Ltd.

     7,168         100,056   

ITC Ltd.

     20,253         105,454   

Tata Motors Ltd. ADR(a)

     4,945         222,822   

Union Bank of India

     17,005         42,525   

Zee Entertainment Enterprises Ltd.

     9,832         53,692   
     

 

 

 
Total India         638,475   
Indonesia – 9.1%      

Ace Hardware Indonesia Tbk PT

     279,000         15,684   

Astra International Tbk PT

     1,117,900         733,154   

Bank Danamon Indonesia Tbk PT

     247,600         97,052   

Bank Negara Indonesia Persero Tbk PT

     354,200         195,724   

Bekasi Fajar Industrial Estate Tbk PT

     413,200         18,329   

Bumi Serpong Damai Tbk PT

     423,100         69,087   

Ciputra Development Tbk PT

     186,800         21,073   

Erajaya Swasembada Tbk PT*

     111,300         7,448   

Gudang Garam Tbk PT

     32,900         128,329   

Indofood CBP Sukses Makmur Tbk PT

     67,300         75,536   

Industri Jamu Dan Farmasi Sido Muncul Tbk PT

     421,500         18,375   

Lippo Cikarang Tbk PT*

     11,000         9,822   

Media Nusantara Citra Tbk PT

     202,900         44,460   

Modernland Realty Tbk PT

     986,800         38,491   

Panin Financial Tbk PT*

     1,102,000         28,488   

Summarecon Agung Tbk PT

     174,000         22,890   

Surya Citra Media Tbk PT

     136,000         35,313   

Surya Semesta Internusa Tbk PT

     386,000         33,655   

Tiga Pilar Sejahtera Food Tbk

     100,614         16,121   

Unilever Indonesia Tbk PT

     66,000         200,145   
     

 

 

 
Total Indonesia         1,809,176   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      31   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Malaysia – 3.4%      

Aeon Co. M Bhd

     26,300       $ 21,020   

Astro Malaysia Holdings Bhd

     56,800         49,078   

British American Tobacco Malaysia Bhd

     3,900         72,303   

Genting Bhd

     89,400         217,254   

Genting Malaysia Bhd

     131,800         150,537   

Kulim Malaysia Bhd

     33,000         24,415   

Mah Sing Group Bhd

     37,250         20,719   

MKH Bhd

     15,700         11,658   

Padini Holdings Bhd

     35,600         14,034   

Sunway Bhd

     50,400         49,672   

UMW Holdings Bhd

     18,500         54,149   
     

 

 

 
Total Malaysia         684,839   
Mexico – 3.2%      

Coca-Cola Femsa S.A.B. de C.V. Series L

     30,400         242,973   

Consorcio ARA S.A.B. de C.V.*(a)

     35,900         15,058   

Controladora Comercial Mexicana S.A.B. de C.V.

     23,200         74,652   

Corp. Inmobiliaria Vesta S.A.B. de C.V.(a)

     4,700         8,746   

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

     9,500         24,507   

Grupo Sanborns S.A.B. de C.V.(a)

     53,600         87,749   

Kimberly-Clark de Mexico S.A.B. de C.V. Class A(a)

     48,800         102,442   

Megacable Holdings S.A.B. de C.V. Series CPO(a)

     12,616         49,464   

TV Azteca S.A.B. de C.V. Series CPO

     58,700         21,886   
     

 

 

 
Total Mexico         627,477   
Philippines – 2.0%      

Jollibee Foods Corp.

     6,330         31,154   

LT Group, Inc.

     194,900         71,071   

Metropolitan Bank & Trust Co.

     54,165         118,206   

Robinsons Retail Holdings, Inc.

     19,240         36,156   

Travellers International Hotel Group, Inc.*

     91,500         13,612   

Universal Robina Corp.

     23,640         119,522   
     

 

 

 
Total Philippines         389,721   
Poland – 0.1%      

CCC S.A.

     571         27,545   
Russia – 2.5%      

Magnit PJSC GDR Reg S

     5,832         297,724   

MegaFon OAO GDR Reg S

     11,890         190,240   
     

 

 

 
Total Russia         487,964   
South Africa – 10.0%      

Adcock Ingram Holdings Ltd.*(a)

     5,356         22,987   

Capitec Bank Holdings Ltd.

     1,886         81,722   

City Lodge Hotels Ltd.

     863         9,803   

Clicks Group Ltd.

     5,567         42,014   

Distell Group Ltd.

     4,948         62,555   

Famous Brands Ltd.

     2,456         22,703   

Foschini Group Ltd. (The)

     6,871         102,399   

Hudaco Industries Ltd.

     2,361         22,117   

Imperial Holdings Ltd.

     6,480         103,172   

Life Healthcare Group Holdings Ltd.

     8,805         30,747   

Mr. Price Group Ltd.

     4,068         87,298   

MTN Group Ltd.

     23,520         397,945   

Pick n Pay Holdings Ltd.

     12,123         21,512   

Pick n Pay Stores Ltd.

     5,426       22,145   

Resilient Property Income Fund Ltd.

     7,885         67,681   

RMB Holdings Ltd.

     24,073         138,840   

Shoprite Holdings Ltd.

     8,982         121,776   

SPAR Group Ltd. (The)

     4,665         72,653   

Super Group Ltd.*

     11,631         33,358   

Tiger Brands Ltd.

     2,768         69,768   

Truworths International Ltd.(a)

     11,427         83,239   

Tsogo Sun Holdings Ltd.

     30,862         70,302   

Vodacom Group Ltd.(a)

     19,275         211,088   

Woolworths Holdings Ltd.

     13,423         95,441   
     

 

 

 
Total South Africa         1,993,265   
South Korea – 4.4%      

Amorepacific Corp.

     33         99,793   

CJ Hellovision Co., Ltd.

     2,443         27,194   

Grand Korea Leisure Co., Ltd.

     1,295         44,180   

Hanssem Co., Ltd.

     106         17,628   

Kangwon Land, Inc.

     3,151         98,411   

KT Skylife Co., Ltd.

     1,650         27,514   

KT&G Corp.

     2,018         161,338   

LF Corp.

     1,086         31,030   

Modetour Network, Inc.

     490         14,619   

Muhak Co., Ltd.*

     897         36,504   

NAVER Corp.

     465         281,234   

Nexen Tire Corp.

     3,504         41,058   
     

 

 

 
Total South Korea         880,503   
Taiwan – 2.8%      

Cathay Real Estate Development Co., Ltd.

     60,000         34,804   

Cheng Shin Rubber Industry Co., Ltd.

     96,000         220,595   

Grape King Bio Ltd.

     2,000         8,661   

Kenda Rubber Industrial Co., Ltd.

     23,000         45,059   

Merida Industry Co., Ltd.

     6,000         47,172   

President Chain Store Corp.

     12,000         90,316   

Shining Building Business Co., Ltd.*

     23,000         13,231   

Sinyi Realty, Inc.

     29,000         31,882   

Yulon Nissan Motor Co., Ltd.

     7,000         67,785   
     

 

 

 
Total Taiwan         559,505   
Thailand – 4.3%      

Advanced Info Service PCL NVDR

     30,500         222,142   

Amata Corp. PCL NVDR

     37,300         18,570   

AP Thailand PCL NVDR

     97,570         21,589   

Asia Plus Group Holdings Securities NVDR

     81,100         9,620   

Bangkok Expressway PCL NVDR

     29,500         35,356   

BEC World PCL NVDR

     32,000         40,320   

Big C Supercenter PCL NVDR

     12,000         84,819   

BTS Group Holdings PCL NVDR

     199,000         55,957   

CP ALL PCL NVDR

     90,600         114,155   

Erawan Group PCL (The) NVDR

     59,700         8,549   

GFPT PCL NVDR

     10,200         3,573   

Hemaraj Land and Development PCL NVDR

     163,900         22,565   

Home Product Center PCL NVDR

     128,306         32,136   

Jasmine International PCL NVDR

     136,100         24,050   

Major Cineplex Group PCL NVDR

     14,400         14,493   

 

See Notes to Financial Statements.

 

32   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Minor International PCL NVDR

     31,200       $ 33,559   

RS PCL NVDR

     29,600         14,100   

Supalai PCL NVDR

     35,600         23,522   

Thai Vegetable Oil PCL NVDR

     42,300         28,079   

TICON Industrial Connection PCL NVDR

     22,000         10,209   

Total Access Communication PCL NVDR

     17,400         43,847   
     

 

 

 
Total Thailand         861,210   
Turkey – 8.8%      

Anadolu Efes Biracilik ve Malt Sanayii AS*

     10,008         83,641   

Anadolu Isuzu Otomotiv Sanayi Ve Ticaret AS Class C

     2,873         24,343   

BIM Birlesik Magazalar AS

     2,905         51,577   

Bizim Toptan Satis Magazalari AS

     1,908         11,243   

Brisa Bridgestone Sabanci Sanayi ve Ticaret AS

     4,465         15,941   

Coca-Cola Icecek AS

     4,236         71,701   

Dogus Otomotiv Servis ve Ticaret AS

     8,303         43,969   

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     90,994         103,382   

Ford Otomotiv Sanayi AS

     9,261         119,664   

Goodyear Lastikleri TAS

     510         13,464   

Is Gayrimenkul Yatirim Ortakligi AS

     6,751         4,238   

NET Holding AS*

     25,664         38,153   

Otokar Otomotiv ve Savunma Sanayi AS

     386         14,272   

Teknosa Ic Ve Dis Ticaret AS(a)

     5,280         15,678   

Tofas Turk Otomobil Fabrikasi AS

     12,990         78,795   

Turk Telekomunikasyon AS

     42,331         112,491   

Turkcell Iletisim Hizmetleri AS*

     44,354         228,048   

Turkiye Halk Bankasi AS

     45,830         226,811   

Turkiye Sinai Kalkinma Bankasi AS

     30,980         23,744   

Turkiye Vakiflar Bankasi Tao Class D

     93,710         153,747   

Ulker Biskuvi Sanayi AS

     4,771         35,831   

Yapi ve Kredi Bankasi AS

     183,801         283,152   
     

 

 

 
Total Turkey         1,753,885   
TOTAL COMMON STOCKS
(Cost: $19,182,016)
              19,837,547   
WARRANTS – 0.0%      
Malaysia – 0.0%      

Mah Sing Group Bhd, expiring 2/21/20*

     
(Cost: $0)      1,755         95   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.9%      
United States – 5.9%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $1,174,435)(c)      1,174,435         1,174,435   

TOTAL INVESTMENTS IN SECURITIES – 105.5%

(Cost: $20,356,451)

        21,012,077   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (5.5)%

        (1,099,860
     

 

 

 
NET ASSETS – 100.0%             $ 19,912,217   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $1,224,935 and the total market value of the collateral held by the Fund was $1,292,772. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $118,337. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      33   


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 96.2%      
Brazil – 15.0%      

Ambev S.A.

     339,618       $ 1,960,499   

Arezzo Industria e Comercio S.A.

     3,748         28,789   

BB Seguridade Participacoes S.A.

     88,998         913,343   

Brasil Insurance Participacoes e Administracao S.A.

     19,647         11,987   

CCR S.A.

     77,194         393,687   

CETIP S.A. – Mercados Organizados

     4,502         44,864   

Cia Hering

     9,697         49,758   

Cielo S.A.

     58,298         833,402   

Direcional Engenharia S.A.

     15,062         29,407   

Estacio Participacoes S.A.

     4,478         25,976   

Ez Tec Empreendimentos e Participacoes S.A.

     10,524         66,448   

Guararapes Confeccoes S.A.

     1,994         48,663   

Iochpe-Maxion S.A.

     56         176   

Linx S.A.

     2,216         32,379   

Localiza Rent a Car S.A.

     5,094         57,855   

Lojas Renner S.A.

     3,336         94,754   

M. Dias Branco S.A.

     2,364         63,691   

MRV Engenharia e Participacoes S.A.

     25,278         63,509   

Natura Cosmeticos S.A.

     4,409         37,108   

Odontoprev S.A.

     27,113         92,212   

Santos Brasil Participacoes S.A.

     4         14   

Souza Cruz S.A.

     91,733         729,019   

Tegma Gestao Logistica

     5,844         26,677   

Tractebel Energia S.A.

     25,762         284,534   

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A

     3,056         42,406   

WEG S.A.

     20,157         200,555   
     

 

 

 
Total Brazil         6,131,712   
Chile – 0.3%      

Administradora de Fondos de Pensiones Habitat S.A.

     6,591         9,728   

Cia Cervecerias Unidas S.A.

     10,125         105,396   

Forus S.A.

     3,670         15,156   
     

 

 

 
Total Chile         130,280   
China – 2.7%      

Anhui Conch Cement Co., Ltd. Class H(a)

     25,500         96,533   

Dongfeng Motor Group Co., Ltd. Class H

     182,000         292,025   

Fuguiniao Co., Ltd. Class H

     42,000         89,276   

Great Wall Motor Co., Ltd. Class H

     39,500         279,193   

Guangzhou Automobile Group Co., Ltd. Class H

     78,000         74,649   

Shandong Luoxin Pharmaceutical Group Stock Co., Ltd. Class H

     12,000         22,814   

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

     53,300         46,954   

Tong Ren Tang Technologies Co., Ltd. Class H

     25,000         36,760   

Zhaojin Mining Industry Co., Ltd. Class H(a)

     116,000         61,942   

Zhuzhou CSR Times Electric Co., Ltd. Class H

     19,364         127,128   
     

 

 

 
Total China         1,127,274   
India – 1.4%      

Infosys Ltd. ADR(a)

     11,817         414,540   

Tata Motors Ltd. ADR

     1,661       74,845   

Wipro Ltd. ADR(a)

     6,368         84,822   
     

 

 

 
Total India         574,207   
Indonesia – 12.5%      

Adaro Energy Tbk PT

     1,239,900         90,088   

Adhi Karya Persero Tbk PT

     82,812         19,349   

AKR Corporindo Tbk PT

     86,700         33,984   

Astra Agro Lestari Tbk PT

     53,900         100,174   

Astra International Tbk PT

     1,553,800         1,019,031   

Bank Rakyat Indonesia Persero Tbk PT

     703,868         714,635   

Bumi Serpong Damai Tbk PT

     261,100         42,635   

Charoen Pokphand Indonesia Tbk PT

     264,300         71,659   

Ciputra Development Tbk PT

     332,900         37,555   

Gudang Garam Tbk PT

     33,800         131,839   

Harum Energy Tbk PT

     365,700         41,954   

Indocement Tunggal Prakarsa Tbk PT

     176,700         296,302   

Indofood CBP Sukses Makmur Tbk PT

     120,700         135,470   

Industri Jamu Dan Farmasi Sido Muncul Tbk PT

     1,050,400         45,792   

Jasa Marga Persero Tbk PT

     114,100         62,831   

Kalbe Farma Tbk PT

     592,831         84,561   

Media Nusantara Citra Tbk PT

     350,734         76,853   

Pembangunan Perumahan Persero Tbk PT

     63,564         18,449   

Perusahaan Gas Negara Persero Tbk PT

     816,900         299,894   

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     276,443         36,577   

Semen Indonesia Persero Tbk PT

     195,000         203,576   

Summarecon Agung Tbk PT

     326,500         42,951   

Surya Citra Media Tbk PT

     328,800         85,375   

Surya Semesta Internusa Tbk PT

     317,763         27,706   

Tambang Batubara Bukit Asam Persero Tbk PT

     119,200         98,004   

Telekomunikasi Indonesia Persero Tbk PT

     3,365,700         743,929   

Tower Bersama Infrastructure Tbk PT

     43,100         31,233   

Unilever Indonesia Tbk PT

     156,900         475,800   

Vale Indonesia Tbk PT

     56,500         13,979   

Waskita Karya Persero Tbk PT

     154,456         21,027   
     

 

 

 
Total Indonesia         5,103,212   
Malaysia – 2.8%      

Berjaya Sports Toto Bhd

     86,500         78,477   

British American Tobacco Malaysia Bhd

     15,700         291,066   

Dayang Enterprise Holdings Bhd

     110,400         69,457   

Dialog Group Bhd

     85,144         36,324   

Hartalega Holdings Bhd

     20,000         46,821   

Mah Sing Group Bhd

     67,680         37,646   

Petronas Gas Bhd

     62,600         389,105   

Westports Holdings Bhd

     169,100         183,551   
     

 

 

 
Total Malaysia         1,132,447   
Mexico – 2.5%      

Controladora Comercial Mexicana S.A.B. de C.V.

     17,256         55,526   

Grupo Mexico S.A.B. de C.V. Series B

     204,393         604,421   

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     162,466         341,051   

TV Azteca S.A.B. de C.V. Series CPO

     93,345         34,803   
     

 

 

 
Total Mexico         1,035,801   

 

See Notes to Financial Statements.

 

34   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
Philippines – 2.6%      

Aboitiz Power Corp.

     344,000       $ 342,461   

D&L Industries, Inc.

     42,200         18,928   

DMCI Holdings, Inc.

     482,140         167,185   

Energy Development Corp.

     230,300         43,793   

International Container Terminal Services, Inc.

     11,100         26,819   

Jollibee Foods Corp.

     10,690         52,613   

Security Bank Corp.

     3,010         11,582   

Semirara Mining and Power Co.

     45,370         169,503   

Universal Robina Corp.

     49,310         249,308   
     

 

 

 
Total Philippines         1,082,192   
Poland – 0.8%      

CCC S.A.

     346         16,691   

Eurocash S.A.

     1,210         10,449   

KGHM Polska Miedz S.A.

     9,786         309,724   
     

 

 

 
Total Poland         336,864   
Russia – 4.7%      

Magnit PJSC GDR Reg S

     7,272         371,236   

MegaFon OAO GDR Reg S

     43,078         689,248   

NovaTek OAO GDR Reg S

     9,080         681,000   

PhosAgro OAO GDR Reg S

     15,014         169,658   
     

 

 

 
Total Russia         1,911,142   
South Africa – 17.0%      

Aspen Pharmacare Holdings Ltd.

     2,310         73,211   

AVI Ltd.

     22,906         156,062   

Capitec Bank Holdings Ltd.

     3,534         153,132   

Clicks Group Ltd.

     12,777         96,427   

Exxaro Resources Ltd.(a)

     21,675         179,787   

Famous Brands Ltd.

     2,450         22,647   

Foschini Group Ltd. (The)

     13,016         193,979   

Life Healthcare Group Holdings Ltd.

     34,392         120,097   

Massmart Holdings Ltd.

     7,995         98,979   

Mr. Price Group Ltd.

     6,439         138,178   

MTN Group Ltd.

     98,888         1,673,128   

Naspers Ltd. Class N

     1,690         260,832   

Oceana Group Ltd.

     5,310         44,088   

Pick n Pay Stores Ltd.

     9,095         37,119   

Pioneer Foods Ltd.

     5,909         86,736   

PPC Ltd.

     40,179         60,785   

Reunert Ltd.

     14,888         73,750   

RMB Holdings Ltd.

     66,462         383,317   

Sasol Ltd.

     29,130         990,943   

Shoprite Holdings Ltd.

     16,188         219,474   

SPAR Group Ltd. (The)

     11,285         175,754   

Tiger Brands Ltd.

     4,193         105,685   

Truworths International Ltd.(a)

     25,089         182,759   

Vodacom Group Ltd.

     108,393         1,187,056   

Woolworths Holdings Ltd.

     32,990         234,568   
     

 

 

 
Total South Africa         6,948,493   
South Korea – 2.6%      

Amorepacific Corp.

     21         63,505   

Grand Korea Leisure Co., Ltd.

     2,253         76,863   

Hanssem Co., Ltd.

     138       22,949   

Hyundai Glovis Co., Ltd.

     30         6,111   

Kangwon Land, Inc.

     5,449         170,182   

Korea Zinc Co., Ltd.

     328         125,352   

LG Chem Ltd.

     1,405         286,205   

LG Household & Health Care Ltd.

     180         136,446   

NAVER Corp.

     2         1,210   

Partron Co., Ltd.

     2,907         37,469   

S-1 Corp.

     763         57,700   

SK C&C Co., Ltd.

     394         82,568   
     

 

 

 
Total South Korea         1,066,560   
Taiwan – 17.3%      

Advanced Semiconductor Engineering, Inc.

     309,000         417,234   

Advantech Co., Ltd.

     18,000         137,200   

Catcher Technology Co., Ltd.

     16,000         167,721   

Cathay Real Estate Development Co., Ltd.

     103,000         59,746   

Chicony Electronics Co., Ltd.

     46,000         129,076   

China Steel Chemical Corp.

     18,000         85,427   

Chong Hong Construction Co., Ltd.

     29,000         58,760   

Delta Electronics, Inc.

     86,000         542,825   

Eclat Textile Co., Ltd.

     8,000         105,209   

Elan Microelectronics Corp.

     29,000         49,585   

Formosa International Hotels Corp.

     3,000         31,687   

Giant Manufacturing Co., Ltd.

     12,000         115,820   

Kinsus Interconnect Technology Corp.

     20,000         64,238   

Largan Precision Co., Ltd.

     2,000         172,260   

Makalot Industrial Co., Ltd.

     12,000         86,290   

MediaTek, Inc.

     64,000         866,219   

Merida Industry Co., Ltd.

     11,000         86,481   

Novatek Microelectronics Corp.

     28,000         144,966   

President Chain Store Corp.

     28,000         210,738   

Radiant Opto-Electronics Corp.

     35,000         108,949   

Richtek Technology Corp.

     13,000         71,253   

Ruentex Development Co., Ltd.

     110,000         168,744   

Ruentex Industries Ltd.

     82,000         179,514   

Siliconware Precision Industries Co., Ltd.

     166,000         276,401   

Taiwan Semiconductor Manufacturing Co., Ltd.

     530,291         2,465,879   

TSRC Corp.

     53,000         56,659   

Yulon Nissan Motor Co., Ltd.

     22,000         213,039   
     

 

 

 
Total Taiwan         7,071,920   
Thailand – 10.9%      

Advanced Info Service PCL NVDR

     180,100         1,311,730   

Bangkok Dusit Medical Services PCL NVDR

     272,200         164,792   

BEC World PCL NVDR

     36,300         45,738   

Big C Supercenter PCL NVDR

     12,500         88,353   

Bumrungrad Hospital PCL NVDR

     24,362         113,799   

Central Pattana PCL NVDR

     62,116         81,606   

Charoen Pokphand Foods PCL NVDR

     99,274         68,644   

CP ALL PCL NVDR

     226,517         285,409   

Delta Electronics Thailand PCL NVDR

     69,500         160,721   

Dynasty Ceramic PCL NVDR

     319,200         61,800   

Intouch Holdings PCL NVDR

     231,842         550,393   

Jasmine International PCL NVDR

     371,500         65,646   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      35   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

LPN Development PCL NVDR

     76,800       $ 39,651   

Minor International PCL NVDR

     89,100         95,836   

Robinson Department Store PCL NVDR

     29,600         43,208   

Samart Corp. PCL NVDR

     36,000         33,190   

Siam Cement PCL (The) NVDR

     39,774         625,823   

Siam City Cement PCL NVDR

     10,200         119,742   

Sriracha Construction PCL NVDR

     50,700         48,301   

STP & I PCL NVDR

     56,210         27,120   

Supalai PCL NVDR

     2,700         1,784   

Thai Union Frozen Products PCL NVDR

     170,900         105,565   

Total Access Communication PCL NVDR

     117,600         296,349   

VGI Global Media PCL NVDR

     209,980         35,169   
     

 

 

 
Total Thailand         4,470,369   
Turkey – 3.1%      

Akcansa Cimento AS

     12,239         82,489   

Aselsan Elektronik Sanayi ve Ticaret AS

     4,313         20,431   

BIM Birlesik Magazalar AS

     2,493         44,262   

Brisa Bridgestone Sabanci Sanayi ve Ticaret AS

     17,057         60,897   

Coca-Cola Icecek AS

     2,773         46,938   

Koza Altin Isletmeleri AS

     10,151         110,052   

Tofas Turk Otomobil Fabrikasi AS

     29,259         177,481   

Turk Telekomunikasyon AS

     179,186         476,173   

Turk Traktor ve Ziraat Makineleri AS

     5,115         152,475   

Ulker Biskuvi Sanayi AS

     10,604         79,637   
     

 

 

 
Total Turkey         1,250,835   

TOTAL COMMON STOCKS

(Cost: $40,040,056)

  

  

     39,373,308   
WARRANTS – 0.0%      
Malaysia – 0.0%      

Mah Sing Group Bhd, expiring 2/21/20*

     4,644         251   
Thailand – 0.0%      

Samart Corp. PCL, expiring 2/19/18*

     7,200         557   

TOTAL WARRANTS

(Cost: $0)

              808   
EXCHANGE-TRADED NOTE – 3.4%      
United States – 3.4%      

iPath MSCI India Index ETN*

(Cost: $1,146,585)

     18,549         1,374,852   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.0%      
United States – 2.0%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $840,266)(c)      840,266         840,266   

TOTAL INVESTMENTS IN SECURITIES – 101.6%

(Cost: $42,026,907)

  

  

     41,589,234   

Liabilities in Excess of Cash, Foreign Currency and
Other Assets – (1.6)%

   

     (644,864
     

 

 

 
NET ASSETS – 100.0%       $ 40,944,370   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $805,106 and the total market value of the collateral held by the Fund was $840,266. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

36   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
Brazil – 8.2%      

AES Tiete S.A.

     356,788       $ 1,635,413   

Alupar Investimento S.A.

     887,626         5,360,027   

Banco do Brasil S.A.

     2,864,225         20,531,083   

BM&FBovespa S.A. – Bolsa de Valores Mercadorias e Futuros

     1,191,149         4,159,201   

CCR S.A.

     2,531,102         12,908,533   

Centrais Eletricas Brasileiras S.A.

     1,544,335         2,783,195   

CETIP S.A. – Mercados Organizados

     356,792         3,555,529   

Cia de Saneamento Basico do Estado de Sao Paulo

     931,550         5,161,838   

Cia Energetica de Minas Gerais

     650,907         2,614,951   

Cia Siderurgica Nacional S.A.

     3,080,560         5,233,704   

CPFL Energia S.A.

     986,932         6,317,896   

EcoRodovias Infraestrutura e Logistica S.A.

     1,999,948         5,625,460   

EDP – Energias do Brasil S.A.

     656,250         2,125,149   

Even Construtora e Incorporadora S.A.

     943,343         1,304,582   

Ez Tec Empreendimentos e Participacoes S.A.

     347,630         2,194,917   

Fleury S.A.

     493,514         2,470,581   

Gafisa S.A.

     2,468,914         1,660,826   

Grendene S.A.

     454,011         2,322,543   

Iochpe-Maxion S.A.

     415,162         1,305,459   

Light S.A.

     684,074         3,082,089   

Mahle-Metal Leve S.A.

     417,835         2,601,582   

MRV Engenharia e Participacoes S.A.

     809,855         2,034,710   

Multiplus S.A.

     196,059         2,007,150   

Natura Cosmeticos S.A.

     363,474         3,059,182   

Porto Seguro S.A.

     678,943         7,594,322   

Souza Cruz S.A.

     2,447,744         19,452,676   

Tecnisa S.A.

     1,341,296         1,636,699   

TPI – Triunfo Participacoes e Investimentos S.A.

     719,703         743,099   

Transmissora Alianca de Energia Eletrica S.A.

     1,339,398         8,775,381   

Vale S.A.

     6,772,276         38,013,401   
     

 

 

 
Total Brazil         178,271,178   
Chile – 1.6%      

AES Gener S.A.

     16,025,483         8,743,323   

Banco de Chile

     75,239,563         8,447,252   

Banco Santander Chile

     137,182,983         7,477,507   

CAP S.A.

     429,056         1,475,680   

ENTEL Chile S.A.

     114,822         1,188,667   

Inversiones Aguas Metropolitanas S.A.

     1,526,577         2,461,281   

Salfacorp S.A.

     2,044,551         1,542,728   

Sociedad Matriz SAAM S.A.

     35,343,158         2,834,709   
     

 

 

 
Total Chile         34,171,147   
China – 21.3%      

Agricultural Bank of China Ltd. Class H

     39,459,000         19,543,607   

Anhui Expressway Co., Ltd. Class H

     1,325,057         921,193   

Bank of China Ltd. Class H

     106,299,366         61,423,718   

Bank of Communications Co., Ltd. Class H

     39,345,287         33,747,513   

Beijing Capital Land Ltd. Class H

     5,056,000       3,123,705   

China Communications Construction Co., Ltd. Class H

     4,875,000         6,866,330   

China Communications Services Corp., Ltd. Class H

     11,698,000         5,190,360   

China Construction Bank Corp. Class H

     122,134,054         101,449,534   

China Everbright Bank Co., Ltd. Class H

     8,457,000         4,657,701   

China Machinery Engineering Corp. Class H

     7,807,000         7,894,555   

China Merchants Bank Co., Ltd. Class H

     5,394,932         13,179,331   

China Petroleum & Chemical Corp. Class H

     35,353,799         28,135,113   

China Shenhua Energy Co., Ltd. Class H

     5,411,500         13,820,071   

Chongqing Machinery & Electric Co., Ltd. Class H

     10,350,000         1,695,397   

Chongqing Rural Commercial Bank Co., Ltd. Class H

     11,001,991         7,137,838   

Datang International Power Generation Co., Ltd. Class H

     3,538,350         1,811,835   

Huadian Power International Corp., Ltd. Class H

     2,302,000         1,915,104   

Huaneng Power International, Inc. Class H

     6,066,000         7,182,448   

Huishang Bank Corp., Ltd. Class H(a)

     14,387,000         6,476,242   

Industrial & Commercial Bank of China Ltd. Class H

     104,971,615         77,445,346   

Jiangsu Expressway Co., Ltd. Class H

     506,906         681,275   

Jiangxi Copper Co., Ltd. Class H(a)

     2,158,000         4,013,693   

PetroChina Co., Ltd. Class H

     26,268,000         29,069,778   

Shenzhen Expressway Co., Ltd. Class H

     1,994,000         1,558,566   

Sinopec Engineering Group Co., Ltd. Class H

     2,398,000         2,078,480   

Weiqiao Textile Co. Class H

     3,002,500         1,762,065   

Xinhua Winshare Publishing and Media Co., Ltd. Class H

     1,852,000         1,805,885   

Zhejiang Expressway Co., Ltd. Class H

     7,368,398         9,769,979   

Zijin Mining Group Co., Ltd. Class H(a)

     10,204,000         3,237,673   

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(a)

     2,929,400         2,021,436   
     

 

 

 
Total China         459,615,771   
Czech Republic – 1.8%      

CEZ AS

     1,017,343         24,881,086   

Komercni Banka AS

     39,054         8,432,639   

O2 Czech Republic AS

     644,843         5,154,753   
     

 

 

 
Total Czech Republic         38,468,478   
Hungary – 0.3%      

MOL Hungarian Oil & Gas PLC(a)

     169,338         7,351,184   
Indonesia – 1.4%      

Bank Bukopin Tbk PT

     16,640,700         903,625   

Indo Tambangraya Megah Tbk PT

     1,149,500         1,485,778   

Indocement Tunggal Prakarsa Tbk PT

     4,856,500         8,143,691   

Industri Jamu Dan Farmasi Sido Muncul Tbk PT

     41,867,400         1,825,195   

Matahari Putra Prima Tbk PT

     11,194,000         3,390,305   

Perusahaan Gas Negara Persero Tbk PT

     27,860,408         10,227,913   

Surya Semesta Internusa Tbk PT

     13,685,000         1,193,185   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      37   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Tambang Batubara Bukit Asam Persero Tbk PT

     2,737,926       $ 2,251,067   
     

 

 

 
Total Indonesia         29,420,759   
Malaysia – 6.1%      

Berjaya Sports Toto Bhd

     2,170,600         1,969,277   

Boustead Holdings Bhd

     580,867         721,477   

British American Tobacco Malaysia Bhd

     414,097         7,677,035   

Carlsberg Brewery Malaysia Bhd

     100,136         367,179   

DiGi.Com Bhd

     10,243,647         17,425,402   

Felda Global Ventures Holdings Bhd

     7,014,200         4,109,846   

Gas Malaysia Bhd

     327,833         229,266   

HAP Seng Consolidated Bhd

     4,662,565         5,728,276   

IOI Corp. Bhd

     8,100,400         10,039,378   

JCY International Bhd

     5,606,500         1,067,256   

Lafarge Malaysia Bhd

     1,482,527         3,942,997   

Malayan Banking Bhd

     10,491,665         26,431,007   

Maxis Bhd

     13,875,862         26,938,693   

Mudajaya Group Bhd

     1,550,600         607,093   

Telekom Malaysia Bhd

     4,309,800         8,460,172   

Tropicana Corp. Bhd

     1,113,500         309,681   

YTL Corp. Bhd

     23,794,300         10,729,440   

YTL Power International Bhd

     12,809,400         5,188,092   
     

 

 

 
Total Malaysia         131,941,567   
Mexico – 1.3%      

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

     879,377         4,288,292   

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

     664,282         4,360,451   

Infraestructura Energetica Nova S.A.B. de C.V.(a)

     1,392,731         7,609,887   

Kimberly-Clark de Mexico S.A.B. de C.V. Class A(a)

     4,306,508         9,040,296   

Megacable Holdings S.A.B. de C.V. Series CPO(a)

     696,146         2,729,429   
     

 

 

 
Total Mexico         28,028,355   
Philippines – 1.2%      

Philippine Long Distance Telephone Co.

     399,924         25,552,191   
Poland – 3.8%      

Asseco Poland S.A.

     135,197         2,103,817   

Bank Pekao S.A.

     289,288         14,023,773   

Energa S.A.

     559,446         3,674,062   

KGHM Polska Miedz S.A.

     236,959         7,499,691   

Lubelski Wegiel Bogdanka S.A.

     72,796         1,610,862   

Orange Polska S.A.

     2,265,406         5,694,137   

PGE Polska Grupa Energetyczna S.A.

     3,219,538         17,696,208   

Powszechny Zaklad Ubezpieczen S.A.

     182,671         23,559,572   

Synthos S.A.

     2,034,744         2,361,301   

Tauron Polska Energia S.A.

     2,524,108         2,935,861   
     

 

 

 
Total Poland         81,159,284   
Russia – 18.3%      

Gazprom OAO ADR

     19,229,820         91,418,564   

LSR Group OJSC GDR Reg S

     879,861         1,997,285   

Lukoil OAO ADR

     1,579,373       73,156,557   

MegaFon OAO GDR Reg S

     1,119,596         17,913,536   

MMC Norilsk Nickel OJSC ADR

     3,267,553         58,048,079   

Mobile Telesystems OJSC ADR

     2,914,850         29,439,985   

Rosneft OAO GDR Reg S

     18,537,071         79,802,091   

Sberbank of Russia ADR

     4,186,815         18,396,865   

Sistema JSFC GDR Reg S

     2,084,618         15,426,173   

Tatneft OAO ADR

     361,439         10,767,268   
     

 

 

 
Total Russia         396,366,403   
South Africa – 10.8%      

African Rainbow Minerals Ltd.

     285,057         2,326,333   

Assore Ltd.(a)

     205,213         2,252,622   

AVI Ltd.

     610,081         4,156,582   

Barclays Africa Group Ltd.

     633,812         9,677,517   

Coronation Fund Managers Ltd.

     349,212         2,831,741   

Exxaro Resources Ltd.(a)

     517,126         4,289,377   

FirstRand Ltd.

     4,709,832         21,706,140   

Foschini Group Ltd. (The)

     344,494         5,134,038   

Imperial Holdings Ltd.

     317,233         5,050,855   

JSE Ltd.

     106,724         1,084,658   

Kumba Iron Ore Ltd.(a)

     1,282,391         16,511,131   

Liberty Holdings Ltd.(a)

     184,525         2,556,279   

MMI Holdings Ltd.

     1,479,902         4,008,698   

MTN Group Ltd.

     2,584,010         43,719,967   

Nampak Ltd.

     737,743         2,478,171   

Nedbank Group Ltd.(a)

     533,491         10,469,699   

Oceana Group Ltd.

     236,224         1,961,344   

Resilient Property Income Fund Ltd.

     273,305         2,345,917   

RMB Holdings Ltd.

     1,167,619         6,734,197   

Sasol Ltd.

     728,471         24,781,091   

Sibanye Gold Ltd.

     1,054,126         2,255,066   

SPAR Group Ltd. (The)

     225,281         3,508,555   

Standard Bank Group Ltd.(a)

     1,476,061         20,466,584   

Truworths International Ltd.(a)

     421,959         3,073,732   

Vodacom Group Ltd.(a)

     2,826,621         30,955,481   
     

 

 

 
Total South Africa         234,335,775   
South Korea – 0.7%      

Hite Jinro Co., Ltd.

     67,233         1,345,327   

Macquarie Korea Infrastructure Fund

     190,585         1,345,063   

Moorim P&P Co., Ltd.

     198,624         819,954   

SK Innovation Co., Ltd.

     123,918         10,655,529   
     

 

 

 
Total South Korea         14,165,873   
Taiwan – 13.3%      

Achem Technology Corp.

     1,329,000         792,133   

ALI Corp.(a)

     1,338,000         1,011,304   

Asia Cement Corp.(a)

     5,301,158         6,666,685   

ASROCK, Inc.

     379,000         921,761   

Asustek Computer, Inc.(a)

     1,361,000         13,701,342   

Capital Securities Corp.

     4,403,000         1,442,338   

Cathay Real Estate Development Co., Ltd.

     2,943,000         1,707,109   

Cheng Loong Corp.

     4,007,000         1,587,945   

Cheng Shin Rubber Industry Co., Ltd.(a)

     4,381,000         10,066,919   

Chicony Electronics Co., Ltd.

     1,470,046         4,124,961   

 

See Notes to Financial Statements.

 

38   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Chin-Poon Industrial Co., Ltd.

     858,000       $ 1,730,259   

China Development Financial Holding Corp.

     12,411,000         4,303,591   

China Steel Chemical Corp.(a)

     756,000         3,587,919   

China Synthetic Rubber Corp.

     1,767,043         1,832,552   

Chong Hong Construction Co., Ltd.(a)

     443,000         897,609   

Chung Hsin Electric & Machinery Manufacturing Corp.

     360,750         243,844   

Clevo Co.

     1,469,000         2,286,363   

Cyberlink Corp.

     524,571         1,570,863   

D-Link Corp.

     1,765,400         953,508   

Eastern Media International Corp.(a)

     1,934,000         613,762   

Elan Microelectronics Corp.(a)

     756,000         1,292,617   

Elite Material Co., Ltd.

     540,838         926,460   

Elitegroup Computer Systems Co., Ltd.

     3,287,000         3,429,867   

Eternal Materials Co., Ltd.

     122,820         131,691   

Everlight Electronics Co., Ltd.(a)

     265,000         600,463   

Far Eastern Department Stores Ltd.

     2,482,000         2,098,079   

Far Eastern New Century Corp.

     7,803,042         8,054,914   

Far EasTone Telecommunications Co., Ltd.

     5,895,000         14,224,113   

Faraday Technology Corp.(a)

     1,187,000         1,726,063   

Feng Hsin Iron & Steel Co.

     252,000         316,510   

Flytech Technology Co., Ltd.

     186,833         758,319   

Formosa Chemicals & Fibre Corp.

     5,870,303         13,470,366   

Formosan Rubber Group, Inc.

     1,551,000         1,573,802   

GeoVision, Inc.(a)

     252,000         946,309   

Getac Technology Corp.

     2,345,000         1,438,926   

Grape King Bio Ltd.

     252,000         1,091,275   

Holtek Semiconductor, Inc.

     252,000         475,973   

Hua Nan Financial Holdings Co., Ltd.

     7,824,000         4,475,858   

Huaku Development Co., Ltd.

     73,726         150,798   

IEI Integration Corp.(a)

     854,000         1,473,826   

Inventec Corp.

     8,813,000         6,379,497   

Jentech Precision Industrial Co., Ltd.(a)

     252,000         577,450   

KEE TAI Properties Co., Ltd.(a)

     2,773,000         1,745,865   

King Yuan Electronics Co., Ltd.

     2,144,000         1,949,402   

Lextar Electronics Corp.

     853,000         768,763   

Lite-On Technology Corp.

     4,525,204         5,864,398   

Lumax International Corp., Ltd.

     232,000         457,475   

Makalot Industrial Co., Ltd.(a)

     368,949         2,653,037   

Mega Financial Holding Co., Ltd.

     10,361,071         8,592,835   

Micro-Star International Co., Ltd.

     1,356,000         1,609,952   

Novatek Microelectronics Corp.

     756,000         3,914,094   

OptoTech Corp.

     490,000         212,975   

Pegatron Corp.(a)

     3,518,000         9,522,998   

Quanta Computer, Inc.

     6,911,990         16,700,110   

Radiant Opto-Electronics Corp.(a)

     758,170         2,360,043   

Realtek Semiconductor Corp.

     756,000         2,416,107   

Rechi Precision Co., Ltd.

     251,993         250,463   

Richtek Technology Corp.(a)

     252,000         1,381,208   

Ruentex Development Co., Ltd.

     1,894,000         2,905,465   

Ruentex Industries Ltd.

     2,272,000         4,973,858   

Sercomm Corp.(a)

     333,000         718,361   

Shin Zu Shing Co., Ltd.

     324,000         853,231   

Siliconware Precision Industries Co., Ltd.

     3,792,952         6,315,526   

Sonix Technology Co., Ltd.

     356,000       557,494   

Sunspring Metal Corp.(a)

     627,000         1,254,401   

Syncmold Enterprise Corp.

     758,324         1,715,863   

Synnex Technology International Corp.(a)

     4,029,786         5,447,745   

Taiflex Scientific Co., Ltd.(a)

     618,254         948,424   

Taiwan Cement Corp.

     5,997,485         8,452,831   

Taiwan Cogeneration Corp.

     1,777,000         1,539,044   

Taiwan Fertilizer Co., Ltd.(a)

     2,045,000         3,542,314   

Taiwan Mobile Co., Ltd.(a)

     6,768,253         23,685,641   

Taiwan Secom Co., Ltd.

     253,538         684,690   

Taiwan Surface Mounting Technology Co., Ltd.

     756,000         950,738   

Test-Rite International Co., Ltd.

     2,374,000         1,574,321   

Tong Hsing Electronic Industries Ltd.(a)

     317,000         1,094,152   

Topco Scientific Co., Ltd.

     252,241         499,000   

Transcend Information, Inc.

     1,006,000         3,568,744   

Tripod Technology Corp.

     877,000         1,765,772   

TSRC Corp.(a)

     1,125,833         1,203,551   

Tung Ho Steel Enterprise Corp.

     454,000         343,873   

TXC Corp.(a)

     803,000         1,027,809   

U-Ming Marine Transport Corp.(a)

     1,315,048         1,945,884   

United Integrated Services Co., Ltd.

     522,853         554,769   

Vivotek, Inc.(a)

     252,000         770,738   

Wah Lee Industrial Corp.

     252,000         441,342   

Wistron Corp.

     3,874,124         3,293,439   

Wistron NeWeb Corp.

     253,505         582,519   

WPG Holdings Ltd.(a)

     3,590,000         4,623,746   

WT Microelectronics Co., Ltd.

     275,519         425,738   

YC INOX Co., Ltd.

     1,479,000         1,141,510   

Yuanta Financial Holding Co., Ltd.

     8,796,000         4,427,517   

Yulon Nissan Motor Co., Ltd.(a)

     624,000         6,042,570   

Zinwell Corp.

     1,533,000         1,577,584   
     

 

 

 
Total Taiwan         287,505,872   
Thailand – 6.7%      

Advanced Info Service PCL

     4,755,961         34,639,298   

Bangchak Petroleum PCL (The)

     2,077,021         2,058,510   

Bangkok Expressway PCL NVDR

     1,311,300         1,571,626   

Banpu PCL NVDR

     3,269,380         2,963,943   

BEC World PCL NVDR

     3,382,800         4,262,286   

BTS Group Holdings PCL NVDR

     13,963,643         3,926,470   

Delta Electronics Thailand PCL NVDR

     2,156,183         4,986,256   

Dynasty Ceramic PCL NVDR

     8,499,100         1,645,493   

Electricity Generating PCL

     592,200         2,757,170   

Hana Microelectronics PCL NVDR(a)

     468,800         633,903   

Intouch Holdings PCL NVDR

     4,314,148         10,241,793   

Kiatnakin Bank PCL

     1,433,924         1,718,594   

Land & Houses PCL NVDR

     13,198,453         3,954,669   

LPN Development PCL NVDR(a)

     1,334,900         689,192   

Major Cineplex Group PCL NVDR

     1,844,700         1,856,605   

MK Restaurants Group PCL NVDR(a)

     1,268,900         2,242,217   

Nok Airlines PCL NVDR

     2,469,500         842,392   

PTT Global Chemical PCL NVDR

     5,646,434         9,066,570   

PTT PCL NVDR

     3,246,594         32,226,486   

Ratchaburi Electricity Generating Holding PCL

     2,199,096         4,139,355   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      39   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Sansiri PCL NVDR

     4,942,979       $ 281,024   

Siamgas & Petrochemicals PCL NVDR(a)

     2,410,200         859,198   

Sri Trang Agro-Industry PCL NVDR

     3,528,000         1,301,045   

Sriracha Construction PCL NVDR

     1,030,200         981,444   

Srithai Superware PCL Class C NVDR

     5,262,700         410,795   

SVI PCL NVDR(a)

     6,107,800         844,656   

Thai Factory Development PCL NVDR(a)

     1,526,600         203,609   

Thai Vegetable Oil PCL NVDR

     2,775,770         1,842,552   

Thanachart Capital PCL NVDR

     1,844,300         1,969,558   

TICON Industrial Connection PCL NVDR

     933,600         433,232   

Tisco Financial Group PCL

     1,004,089         1,411,711   

Total Access Communication PCL NVDR(a)

     2,094,524         5,278,149   

TTW PCL NVDR(a)

     7,177,377         2,514,508   
     

 

 

 
Total Thailand         144,754,309   
Turkey – 2.7%      

Akcansa Cimento AS

     262,233         1,767,409   

Aksa Akrilik Kimya Sanayii AS

     523,677         1,954,335   

Anadolu Cam Sanayii AS(a)

     754,693         517,371   

Anadolu Isuzu Otomotiv Sanayi Ve Ticaret AS Class C(a)

     108,566         919,874   

Arcelik AS

     648,973         3,749,122   

Brisa Bridgestone Sabanci Sanayi ve Ticaret AS

     534,374         1,907,817   

Cimsa Cimento Sanayi ve Ticaret AS

     400,929         2,362,493   

Dogus Otomotiv Servis ve Ticaret AS

     421,715         2,233,230   

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     3,799,792         4,317,114   

Eregli Demir ve Celik Fabrikalari TAS(a)

     5,846,032         9,096,079   

Goodyear Lastikleri TAS

     25,436         671,534   

Gubre Fabrikalari TAS

     769,715         1,897,237   

Koza Altin Isletmeleri AS

     236,269         2,561,515   

Otokar Otomotiv ve Savunma Sanayi AS

     66,212         2,448,046   

Park Elektrik Uretim Madencilik Sanayi ve Ticaret AS

     867,340         1,149,104   

Saf Gayrimenkul Yatirim Ortakligi AS

     2,574,035         1,040,915   

Teknosa Ic Ve Dis Ticaret AS(a)

     327,154         971,445   

Tofas Turk Otomobil Fabrikasi AS

     834,092         5,059,484   

Turk Telekomunikasyon AS

     4,116,540         10,939,390   

Turk Traktor ve Ziraat Makineleri AS

     94,884         2,828,431   
     

 

 

 
Total Turkey         58,391,945   

TOTAL COMMON STOCKS

(Cost: $2,426,084,173)

              2,149,500,091   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      
WisdomTree Global Equity Income Fund(a)(b)
(Cost: $2,075,463)
     47,450         2,103,933   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.7%      
United States – 4.7%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $100,263,965)(d)      100,263,965       100,263,965   

TOTAL INVESTMENTS IN SECURITIES – 104.3%

(Cost: $2,528,423,601)

  

  

     2,251,867,989   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.3)%

        (92,310,837
     

 

 

 
NET ASSETS – 100.0%       $ 2,159,557,152   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 8).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $133,760,007 and the total market value of the collateral held by the Fund was $141,404,459. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $41,140,494. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

40   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 95.3%      
Brazil – 7.9%      

ALL – America Latina Logistica S.A.

     3,500       $ 4,347   

Ambev S.A.

     22,700         131,039   

B2W Cia Digital*

     700         4,369   

Banco Bradesco S.A.

     3,600         33,938   

Banco Santander Brasil S.A.

     2,700         11,886   

BM&FBovespa S.A. – Bolsa de Valores Mercadorias e Futuros

     10,700         37,362   

BR Malls Participacoes S.A.

     2,900         15,371   

BRF S.A.

     3,300         65,358   

CCR S.A.

     5,100         26,010   

CETIP S.A. – Mercados Organizados

     1,400         13,951   

Cia Hering

     900         4,618   

Cia Siderurgica Nacional S.A.

     5,100         8,665   

Cielo S.A.

     2,700         38,598   

Cosan S.A. Industria e Comercio

     700         6,108   

CPFL Energia S.A.

     3,100         19,845   

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     1,900         7,877   

Embraer S.A.

     3,900         29,957   

Equatorial Energia S.A.

     1,100         10,755   

Estacio Participacoes S.A.

     1,900         11,022   

Hypermarcas S.A.*

     2,100         12,944   

Itau Unibanco Holding S.A.

     1,500         15,103   

Itausa – Investimentos Itau S.A.

     2,700         8,532   

Itausa – Investimentos Itau S.A.*

     19         60   

JBS S.A.

     3,500         15,550   

Klabin S.A.

     3,900         22,208   

Kroton Educacional S.A.

     5,100         16,420   

Localiza Rent a Car S.A.

     1,100         12,493   

Lojas Renner S.A.

     800         22,723   

M. Dias Branco S.A.

     300         8,083   

Multiplan Empreendimentos Imobiliarios S.A.

     500         8,769   

Natura Cosmeticos S.A.

     1,000         8,417   

Odontoprev S.A.

     2,300         7,822   

Qualicorp S.A.*

     1,100         7,847   

Raia Drogasil S.A.

     1,100         9,857   

Souza Cruz S.A.

     1,900         15,100   

Sul America S.A.

     1,500         6,669   

Tim Participacoes S.A.

     5,500         18,310   

TOTVS S.A.

     700         7,994   

Tractebel Energia S.A.

     1,100         12,149   

Ultrapar Participacoes S.A.

     2,800         56,795   

WEG S.A.

     1,900         18,904   
     

 

 

 
Total Brazil         793,825   
Chile – 1.8%      

Aguas Andinas S.A. Class A

     19,098         11,196   

Banco Santander Chile

     234,673         12,791   

Cencosud S.A.

     3,931         9,331   

Cia Cervecerias Unidas S.A.

     891         9,275   

Colbun S.A.

     45,387         13,432   

Corpbanca S.A.

     709,891         7,520   

Empresa Nacional de Electricidad S.A.

     12,870         19,271   

Empresas CMPC S.A.

     5,249       14,412   

Empresas COPEC S.A.

     1,814         21,126   

Enersis S.A.

     72,134         23,642   

Latam Airlines Group S.A.*

     1,436         11,802   

S.A.C.I. Falabella

     3,637         27,870   
     

 

 

 
Total Chile         181,668   
China – 22.1%      

21Vianet Group, Inc. ADR*

     250         4,415   

58.com, Inc. ADR*

     107         5,658   

AAC Technologies Holdings, Inc.

     4,000         24,687   

ANTA Sports Products Ltd.

     7,000         12,803   

Baidu, Inc. ADR*

     1,394         290,510   

Belle International Holdings Ltd.

     35,000         40,765   

Bitauto Holdings Ltd. ADR*

     87         4,426   

Byd Co., Ltd. Class H

     5,000         25,732   

China Conch Venture Holdings Ltd.

     7,400         15,844   

China Huishan Dairy Holdings Co., Ltd.

     35,000         6,230   

China Medical System Holdings Ltd.

     11,000         16,912   

China Minsheng Banking Corp., Ltd. Class H

     47,500         58,019   

China Modern Dairy Holdings Ltd.*

     15,000         4,991   

Country Garden Holdings Co., Ltd.

     51,000         20,589   

Ctrip.com International Ltd. ADR*

     947         55,513   

Evergrande Real Estate Group Ltd.

     35,000         17,651   

GCL-Poly Energy Holdings Ltd.*

     51,000         13,485   

Geely Automobile Holdings Ltd.

     45,000         23,159   

GOME Electrical Appliances Holding Ltd.

     91,000         13,146   

Great Wall Motor Co., Ltd. Class H

     7,500         53,011   

Guangzhou R&F Properties Co., Ltd. Class H

     7,600         7,793   

Haier Electronics Group Co., Ltd.

     8,000         20,947   

Haitian International Holdings Ltd.

     5,000         11,479   

Haitong Securities Co., Ltd. Class H

     10,800         26,300   

Hanergy Thin Film Power Group Ltd.*

     102,000         91,830   

Hengan International Group Co., Ltd.

     4,500         54,037   

Huabao International Holdings Ltd.

     15,000         11,163   

Huishang Bank Corp., Ltd. Class H

     59,000         26,558   

Kingboard Chemical Holdings Ltd.

     3,500         5,544   

Kingsoft Corp., Ltd.

     3,000         8,803   

Lee & Man Paper Manufacturing Ltd.

     19,000         9,190   

Longfor Properties Co., Ltd.

     9,500         13,454   

Mindray Medical International Ltd. ADR

     680         18,598   

Minth Group Ltd.

     6,000         11,856   

NetEase, Inc. ADR

     370         38,961   

New Oriental Education & Technology Group, Inc. ADR*

     927         20,552   

Nine Dragons Paper Holdings Ltd.

     16,000         10,009   

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

     17,500         210,369   

Qihoo 360 Technology Co., Ltd. ADR*

     378         19,354   

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

     16,000         14,095   

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     3,500         11,670   

Shenzhou International Group Holdings Ltd.

     5,000         22,572   

Shimao Property Holdings Ltd.

     9,500         19,973   

Sihuan Pharmaceutical Holdings Group Ltd.

     46,000         26,165   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      41   


Table of Contents

Schedule of Investments (continued)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  

SINA Corp.*

     358       $ 11,513   

Sino Biopharmaceutical Ltd.

     24,000         24,300   

SOHO China Ltd.

     15,500         10,556   

Sohu.com, Inc.*

     163         8,693   

Sun Art Retail Group Ltd.

     13,500         11,753   

Sunac China Holdings Ltd.

     15,000         13,021   

TAL Education Group ADR*

     302         10,032   

Tencent Holdings Ltd.

     27,300         518,320   

Tingyi Cayman Islands Holding Corp.

     12,000         25,817   

Uni-President China Holdings Ltd.

     11,000         7,278   

Vipshop Holdings Ltd. ADR*

     1,961         57,732   

Want Want China Holdings Ltd.

     42,000         44,584   

WuXi PharmaTech Cayman, Inc. ADR*

     525         20,359   

Xinyi Glass Holdings Ltd.

     22,000         13,592   

Yingde Gases Group Co., Ltd.

     11,500         8,573   

Youku Tudou, Inc. ADR*

     604         7,550   

YY, Inc. ADR*

     131         7,147   

ZTE Corp. Class H

     3,800         8,714   
     

 

 

 
Total China         2,228,352   
Czech Republic – 0.2%      

Komercni Banka AS

     89         19,217   
Hong Kong – 0.2%      

Alibaba Pictures Group Ltd.*

     30,000         11,066   

Carnival Group International Holdings Ltd.*

     50,000         8,771   
     

 

 

 
Total Hong Kong         19,837   
Hungary – 0.2%      

OTP Bank PLC

     1,293         24,564   
India – 4.1%      

Bharat Forge Ltd.

     47         959   

Bharti Airtel Ltd.

     2,328         14,630   

HCL Technologies Ltd.

     312         4,888   

ICICI Bank Ltd. ADR

     6,185         64,076   

Infosys Ltd. ADR

     2,500         87,700   

Larsen & Toubro Ltd. GDR Reg S

     1,571         43,831   

Reliance Industries Ltd. GDR(a)

     3,735         98,791   

Sesa Sterlite Ltd. ADR

     2,097         26,003   

Sun Pharmaceutical Industries Ltd.

     1,298         21,237   

Tata Motors Ltd. ADR

     1,078         48,575   
     

 

 

 
Total India         410,690   
Indonesia – 3.1%      

Adaro Energy Tbk PT

     85,900         6,241   

Astra International Tbk PT

     116,600         76,470   

Bank Central Asia Tbk PT

     74,400         84,358   

Bumi Serpong Damai Tbk PT

     55,300         9,030   

Charoen Pokphand Indonesia Tbk PT

     35,800         9,706   

Ciputra Development Tbk PT

     66,400         7,491   

Gudang Garam Tbk PT

     2,300         8,971   

Indocement Tunggal Prakarsa Tbk PT

     7,900         13,247   

Indofood Sukses Makmur Tbk PT

     24,600         14,017   

Kalbe Farma Tbk PT

     139,600         19,912   

Lippo Karawaci Tbk PT

     113,400         11,709   

Media Nusantara Citra Tbk PT

     32,600         7,143   

Summarecon Agung Tbk PT

     80,500       10,590   

Tower Bersama Infrastructure Tbk PT

     11,500         8,334   

Unilever Indonesia Tbk PT

     5,100         15,466   

United Tractors Tbk PT

     8,700         14,505   
     

 

 

 
Total Indonesia         317,190   
Malaysia – 3.3%      

AirAsia Bhd

     22,200         14,266   

Astro Malaysia Holdings Bhd

     27,800         24,020   

British American Tobacco Malaysia Bhd

     1,100         20,393   

Dialog Group Bhd

     42,600         18,174   

Genting Bhd

     25,800         62,697   

Genting Malaysia Bhd

     34,200         39,062   

Hong Leong Bank Bhd

     3,900         15,017   

Hong Leong Financial Group Bhd

     2,300         10,533   

IOI Corp. Bhd

     27,400         33,959   

IOI Properties Group Bhd

     19,800         11,655   

Lafarge Malaysia Bhd

     3,900         10,373   

PPB Group Bhd

     5,100         21,179   

SapuraKencana Petroleum Bhd

     37,400         23,833   

YTL Corp. Bhd

     53,700         24,215   
     

 

 

 
Total Malaysia         329,376   
Mexico – 4.5%      

Alfa S.A.B. de C.V. Class A

     9,100         18,398   

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

     107,000         109,990   

Cemex S.A.B. de C.V.*(b)

     31,500         29,920   

Coca-Cola Femsa S.A.B. de C.V. Series L

     1,100         8,792   

El Puerto de Liverpool S.A.B. de C.V. Class C1

     1,500         17,724   

Fomento Economico Mexicano S.A.B. de C.V.(b)

     4,700         44,152   

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

     1,700         11,159   

Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B

     1,000         13,491   

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

     3,500         9,939   

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

     175         4,532   

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

     7,100         41,255   

Grupo Financiero Inbursa S.A.B. de C.V. Class O(b)

     5,500         13,907   

Grupo Mexico S.A.B. de C.V. Series B(b)

     9,500         28,093   

Grupo Televisa S.A.B. Series CPO(b)

     6,000         39,700   

Impulsora del Desarrollo y El Empleo en America Latina S.A.B. de C.V.*(b)

     2,700         6,781   

Industrias Penoles S.A.B. de C.V.(b)

     355         6,185   

Kimberly-Clark de Mexico S.A.B. de C.V. Class A(b)

     3,900         8,187   

Mexichem S.A.B. de C.V.(b)

     3,000         7,845   

Promotora y Operadora de Infraestructura S.A.B. de C.V.*

     1,000         10,680   

Wal-Mart de Mexico S.A.B. de C.V. Series V(b)

     10,700         26,767   
     

 

 

 
Total Mexico         457,497   
Peru – 0.2%      

Alicorp S.A.A.

     5,269         10,203   

Grana y Montero S.A.A.

     3,283         5,086   
     

 

 

 
Total Peru         15,289   
Philippines – 2.1%      

Aboitiz Equity Ventures, Inc.

     11,300         14,662   

 

See Notes to Financial Statements.

 

42   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Alliance Global Group, Inc.

     19,100       $ 11,323   

Ayala Corp.

     1,130         20,097   

Ayala Land, Inc.

     25,700         22,135   

Bank of the Philippine Islands

     6,600         14,839   

BDO Unibank, Inc.

     6,280         17,379   

JG Summit Holdings, Inc.

     10,740         17,420   

Jollibee Foods Corp.

     2,100         10,336   

Philippine Long Distance Telephone Co.

     315         20,126   

San Miguel Corp.

     4,810         7,258   

SM Investments Corp.

     1,190         23,947   

SM Prime Holdings, Inc.

     33,800         15,108   

Universal Robina Corp.

     3,100         15,673   
     

 

 

 
Total Philippines         210,303   
Poland – 1.4%      

Bank Handlowy w Warszawie S.A.

     290         8,287   

Bank Pekao S.A.

     1,106         53,616   

Bank Zachodni WBK S.A.

     238         21,656   

Cyfrowy Polsat S.A.

     1,715         11,286   

Getin Noble Bank S.A.*

     11,644         5,190   

Lubelski Wegiel Bogdanka S.A.

     413         9,139   

mBank

     115         13,356   

Orange Polska S.A.

     6,928         17,414   
     

 

 

 
Total Poland         139,944   
Russia – 4.2%      

Eurasia Drilling Co., Ltd. GDR Reg S

     497         9,542   

Lukoil OAO ADR

     3,140         145,445   

Magnit PJSC GDR Reg S

     1,010         51,560   

Mail.ru Group Ltd. GDR Reg S*

     497         9,875   

MegaFon OAO GDR Reg S

     529         8,464   

MMC Norilsk Nickel OJSC ADR

     2,631         46,740   

Mobile Telesystems OJSC ADR

     2,697         27,240   

NovaTek OAO GDR Reg S

     466         34,950   

Novolipetsk Steel OJSC GDR Reg S

     452         6,034   

PhosAgro OAO GDR Reg S

     405         4,577   

Polymetal International PLC

     1,038         8,876   

Polyus Gold International Ltd.

     2,714         7,534   

Severstal PAO GDR Reg S

     1,094         12,286   

Sistema JSFC GDR Reg S

     895         6,623   

Uralkali PJSC GDR Reg S

     1,078         14,391   

VimpelCom Ltd. ADR

     1,315         6,891   

X5 Retail Group N.V. GDR Reg S*

     397         6,094   

Yandex N.V. Class A*

     837         12,693   
     

 

 

 
Total Russia         419,815   
South Africa – 8.4%      

AngloGold Ashanti Ltd.*

     1,380         13,291   

Aspen Pharmacare Holdings Ltd.

     887         28,112   

Attacq Ltd.*

     5,173         11,096   

Barclays Africa Group Ltd.

     1,022         15,605   

Barloworld Ltd.

     998         7,644   

Bidvest Group Ltd. (The)

     994         26,964   

Coronation Fund Managers Ltd.

     1,146         9,293   

Discovery Ltd.

     1,233         12,700   

FirstRand Ltd.

     9,551         44,018   

Foschini Group Ltd. (The)

     760       11,326   

Gold Fields Ltd.

     2,614         11,072   

Impala Platinum Holdings Ltd.*

     1,818         8,827   

Imperial Holdings Ltd.

     752         11,973   

Investec Ltd.

     1,106         9,175   

Life Healthcare Group Holdings Ltd.

     3,744         13,074   

Mediclinic International Ltd.

     1,552         15,626   

Mr. Price Group Ltd.

     843         18,090   

MTN Group Ltd.

     4,433         75,004   

Nampak Ltd.

     1,504         5,052   

Naspers Ltd. Class N

     1,225         189,064   

Netcare Ltd.

     5,678         19,542   

Rand Merchant Insurance Holdings Ltd.

     3,207         12,244   

Remgro Ltd.

     1,353         29,681   

Resilient Property Income Fund Ltd.

     1,468         12,601   

RMB Holdings Ltd.

     2,566         14,799   

Sanlam Ltd.

     4,863         31,455   

Sappi Ltd.*

     2,045         8,258   

Shoprite Holdings Ltd.

     1,050         14,236   

Sibanye Gold Ltd.

     3,056         6,538   

Standard Bank Group Ltd.

     3,724         51,636   

Steinhoff International Holdings Ltd.

     6,832         42,871   

Tiger Brands Ltd.

     577         14,543   

Truworths International Ltd.

     1,563         11,386   

Vodacom Group Ltd.

     1,735         19,001   

Woolworths Holdings Ltd.

     2,260         16,069   
     

 

 

 
Total South Africa         841,866   
South Korea – 14.7%      

Amorepacific Corp.

     7         21,168   

BS Financial Group, Inc.

     863         11,824   

Celltrion, Inc.*

     331         20,854   

Cheil Worldwide, Inc.*

     393         8,519   

CJ CheilJedang Corp.

     27         9,199   

CJ Corp.

     47         7,456   

Coway Co., Ltd.

     183         15,093   

Daelim Industrial Co., Ltd.

     107         6,230   

Dongbu Insurance Co., Ltd.

     167         7,443   

Doosan Corp.

     63         6,615   

E-Mart Co., Ltd.

     55         11,551   

GS Engineering & Construction Corp.*

     226         6,152   

GS Holdings Corp.

     179         6,922   

Hana Financial Group, Inc.

     982         25,447   

Hankook Tire Co., Ltd.

     294         12,018   

Hanssem Co., Ltd.

     86         14,302   

Hanwha Corp.

     238         7,798   

Hotel Shilla Co., Ltd.

     107         9,442   

Hyundai Department Store Co., Ltd.

     63         8,461   

Hyundai Development Co-Engineering & Construction

     226         11,611   

Hyundai Engineering & Construction Co., Ltd.

     248         11,266   

Hyundai Glovis Co., Ltd.

     51         10,389   

Hyundai Heavy Industries Co., Ltd.

     151         16,605   

Hyundai Mobis Co., Ltd.

     226         50,213   

Hyundai Motor Co.

     497         75,483   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      43   


Table of Contents

Schedule of Investments (continued)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Hyundai Steel Co.

     258       $ 16,976   

Hyundai Wia Corp.

     55         7,015   

KB Financial Group, Inc.

     1,250         44,279   

Kia Motors Corp.

     863         35,159   

Korea Investment Holdings Co., Ltd.

     155         8,788   

Korea Zinc Co., Ltd.

     39         14,905   

KT Corp.

     473         12,364   

KT&G Corp.

     342         27,343   

LG Chem Ltd.

     151         30,759   

LG Corp.

     445         24,587   

LG Display Co., Ltd.

     533         15,037   

LG Electronics, Inc.

     362         19,218   

LG Household & Health Care Ltd.

     27         20,467   

LG Uplus Corp.

     859         8,517   

Lotte Chemical Corp.

     55         10,088   

Lotte Shopping Co., Ltd.

     43         9,205   

Macquarie Korea Infrastructure Fund

     1,635         11,539   

NAVER Corp.

     65         39,312   

NCSoft Corp.

     39         6,380   

OCI Co., Ltd.

     39         3,638   

POSCO

     258         56,858   

Samsung Electro-Mechanics Co., Ltd.

     151         10,466   

Samsung Electronics Co., Ltd.

     267         346,791   

Samsung Engineering Co., Ltd.*

     103         3,579   

Samsung Fire & Marine Insurance Co., Ltd.

     115         27,728   

Samsung Heavy Industries Co., Ltd.

     585         9,518   

Samsung Life Insurance Co., Ltd.

     282         24,579   

Samsung Securities Co., Ltd.

     283         13,264   

Shinhan Financial Group Co., Ltd.

     1,420         53,692   

Shinsegae Co., Ltd.

     125         18,985   

SK C&C Co., Ltd.

     47         9,849   

SK Holdings Co., Ltd.

     216         33,098   

SK Hynix, Inc.

     1,285         52,757   

SK Innovation Co., Ltd.

     222         19,089   

SK Telecom Co., Ltd.

     131         32,176   

Woori Bank

     978         8,269   
     

 

 

 
Total South Korea         1,478,335   
Taiwan – 12.3%      

Advanced Semiconductor Engineering, Inc.

     18,000         24,305   

Asia Cement Corp.

     11,000         13,833   

Asustek Computer, Inc.

     3,000         30,201   

AU Optronics Corp.

     27,000         13,591   

Cathay Financial Holding Co., Ltd.

     31,000         49,537   

Cheng Shin Rubber Industry Co., Ltd.

     7,000         16,085   

China Development Financial Holding Corp.

     67,000         23,233   

China Life Insurance Co., Ltd.

     19,000         16,547   

Compal Electronics, Inc.

     17,000         14,153   

CTBC Financial Holding Co., Ltd.

     57,000         37,891   

Delta Electronics, Inc.

     5,000         31,560   

E.Sun Financial Holding Co., Ltd.

     33,000         20,197   

Far Eastern New Century Corp.

     19,000         19,613   

Far EasTone Telecommunications Co., Ltd.

     7,000         16,890   

Formosa Chemicals & Fibre Corp.

     15,000         34,420   

Formosa Petrochemical Corp.

     6,000         13,135   

Formosa Plastics Corp.

     19,000       46,088   

Foxconn Technology Co., Ltd.

     4,000         10,738   

Fubon Financial Holding Co., Ltd.

     25,000         44,903   

Hon Hai Precision Industry Co., Ltd.

     31,000         90,751   

HTC Corp.*

     3,000         13,375   

Innolux Corp.

     31,000         15,505   

Inotera Memories, Inc.*

     7,000         9,340   

Inventec Corp.

     11,000         7,963   

Lite-On Technology Corp.

     10,000         12,959   

MediaTek, Inc.

     4,000         54,139   

Nan Ya Plastics Corp.

     21,000         46,644   

Pegatron Corp.

     5,000         13,535   

Pou Chen Corp.

     11,000         15,398   

President Chain Store Corp.

     3,000         22,579   

Quanta Computer, Inc.

     9,000         21,745   

Ruentex Industries Ltd.

     5,000         10,946   

Shin Kong Financial Holding Co., Ltd.

     47,000         13,353   

Siliconware Precision Industries Co., Ltd.

     10,000         16,651   

SinoPac Financial Holdings Co., Ltd.

     39,000         16,266   

Synnex Technology International Corp.

     6,000         8,111   

Taishin Financial Holding Co., Ltd.

     35,000         14,877   

Taiwan Cement Corp.

     14,000         19,732   

Taiwan Mobile Co., Ltd.

     7,000         24,497   

Taiwan Semiconductor Manufacturing Co., Ltd.

     45,000         209,252   

Teco Electric and Machinery Co., Ltd.

     11,000         10,476   

Uni-President Enterprises Corp.

     19,000         31,818   

United Microelectronics Corp.

     44,000         21,796   

Wistron Corp.

     12,000         10,201   

Yuanta Financial Holding Co., Ltd.

     39,000         19,631   

Yulon Motor Co., Ltd.

     6,000         8,197   
     

 

 

 
Total Taiwan         1,236,657   
Thailand – 2.6%      

Advanced Info Service PCL NVDR

     6,300         45,885   

Bangkok Dusit Medical Services PCL NVDR

     18,300         11,079   

Bank of Ayudhya PCL NVDR

     7,900         10,014   

BEC World PCL NVDR

     6,300         7,938   

Big C Supercenter PCL NVDR

     1,500         10,602   

BTS Group Holdings PCL NVDR

     34,200         9,617   

Bumrungrad Hospital PCL NVDR

     2,300         10,744   

Central Pattana PCL NVDR

     10,300         13,532   

Charoen Pokphand Foods PCL NVDR

     13,500         9,335   

CP ALL PCL NVDR

     20,200         25,452   

Energy Absolute PCL NVDR

     11,200         8,691   

Glow Energy PCL NVDR

     3,100         8,169   

Indorama Ventures PCL NVDR

     10,700         8,549   

Kasikornbank PCL NVDR

     6,100         42,929   

Minor International PCL NVDR

     9,100         9,788   

Thai Union Frozen Products PCL NVDR

     10,800         6,671   

Total Access Communication PCL NVDR

     5,200         13,104   

True Corp. PCL NVDR*

     38,600         14,828   
     

 

 

 
Total Thailand         266,927   
Turkey – 2.0%      

Akbank TAS

     9,559         28,163   

 

See Notes to Financial Statements.

 

44   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Anadolu Efes Biracilik ve Malt Sanayii AS*

     839       $ 7,012   

Arcelik AS

     1,719         9,931   

BIM Birlesik Magazalar AS

     867         15,393   

Coca-Cola Icecek AS

     382         6,466   

Enka Insaat ve Sanayi AS

     5,762         11,540   

Haci Omer Sabanci Holding AS

     5,798         20,499   

KOC Holding AS

     4,417         20,158   

TAV Havalimanlari Holding AS

     963         8,067   

Tupras Turkiye Petrol Rafinerileri AS

     712         16,905   

Turkcell Iletisim Hizmetleri AS*

     4,278         21,996   

Turkiye Garanti Bankasi AS

     11,222         36,866   
     

 

 

 
Total Turkey         202,996   

TOTAL COMMON STOCKS

(Cost: $9,507,505)

  

  

     9,594,348   
RIGHTS – 0.0%      
South Africa – 0.0%      
Discovery Ltd., expiring 4/2/15*
(Cost $0)
     116         293   
EXCHANGE-TRADED NOTE – 4.4%      
United States – 4.4%      
iPath MSCI India Index ETN*
(Cost: $441,733)
     6,073         450,131   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.8%      
United States – 1.8%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $178,829)(d)      178,829         178,829   

TOTAL INVESTMENTS IN SECURITIES – 101.5%

(Cost: $10,128,067)

        10,223,601   

Liabilities in Excess of Cash, Foreign Currency and
Other Assets – (1.5)%

        (154,359
     

 

 

 
NET ASSETS – 100.0%             $ 10,069,242   
* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $169,229 and the total market value of the collateral held by the Fund was $178,829. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      45   


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.5%      
Brazil – 7.2%      

Abril Educacao S.A.*

     154,419       $ 589,924   

Aliansce Shopping Centers S.A.

     197,926         1,046,572   

Arezzo Industria e Comercio S.A.

     137,526         1,056,370   

Arteris S.A.

     1,067,747         2,505,586   

Brasil Brokers Participacoes S.A.

     1,721,430         1,470,387   

Brasil Insurance Participacoes e Administracao S.A.

     920,000         561,309   

Cia de Saneamento de Minas Gerais-COPASA

     251,731         1,457,096   

Cia Hering

     457,108         2,345,537   

CVC Brasil Operadora e Agencia de Viagens S.A.

     72,939         322,921   

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     1,079,556         4,475,491   

Direcional Engenharia S.A.

     482,016         941,078   

EDP – Energias do Brasil S.A.

     2,644,563         8,563,946   

Equatorial Energia S.A.

     161,877         1,582,759   

Even Construtora e Incorporadora S.A.

     1,100,615         1,522,079   

Ez Tec Empreendimentos e Participacoes S.A.

     488,003         3,081,224   

Fleury S.A.

     749,299         3,751,067   

Gafisa S.A.

     4,788,575         3,221,250   

Grendene S.A.

     1,201,831         6,148,098   

Guararapes Confeccoes S.A.

     61,320         1,496,499   

Helbor Empreendimentos S.A.

     1,694,618         2,104,951   

Iguatemi Empresa de Shopping Centers S.A.

     108,123         953,997   

Iochpe-Maxion S.A.

     387,206         1,217,553   

JHSF Participacoes S.A.

     499,554         312,602   

JSL S.A.

     115,895         395,249   

Kepler Weber S.A.

     25,984         225,605   

Light S.A.

     1,669,949         7,523,940   

Linx S.A.

     31,572         461,316   

Lojas Americanas S.A.

     230,215         950,796   

LPS Brasil Consultoria de Imoveis S.A.

     422,550         680,871   

Magazine Luiza S.A.

     349,724         562,430   

Mahle-Metal Leve S.A.

     535,365         3,333,364   

Marisa Lojas S.A.

     59,085         260,661   

Mills Estruturas e Servicos de Engenharia S.A.

     296,640         736,008   

MRV Engenharia e Participacoes S.A.

     1,338,724         3,363,460   

Multiplus S.A.

     641,828         6,570,699   

Odontoprev S.A.

     1,446,218         4,918,616   

QGEP Participacoes S.A.

     481,511         991,315   

Santos Brasil Participacoes S.A.

     716,493         2,448,016   

Sao Martinho S.A.

     136,413         1,651,758   

Ser Educacional S.A.

     56,136         220,954   

SLC Agricola S.A.

     160,640         880,074   

Smiles S.A.

     254,650         4,023,599   

Sul America S.A.

     923,673         4,106,690   

Tecnisa S.A.

     1,554,319         1,896,638   

Tegma Gestao Logistica

     164,778         752,201   

TPI – Triunfo Participacoes e Investimentos S.A.

     706,223         729,181   

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A

     196,164         2,722,028   
     

 

 

 
Total Brazil         101,133,765   
Chile – 2.2%      

Administradora de Fondos de Pensiones Habitat S.A.

     1,901,424       $ 2,806,324   

CAP S.A.

     596,576         2,051,842   

E.CL S.A.

     1,384,919         2,174,394   

Forus S.A.

     485,952         2,006,871   

Hortifrut S.A.

     766,528         774,643   

Inversiones Aguas Metropolitanas S.A.

     2,806,188         4,524,382   

Inversiones La Construccion S.A.

     230,239         2,699,565   

Parque Arauco S.A.

     1,561,257         2,996,041   

Ripley Corp. S.A.

     3,153,754         1,522,898   

Salfacorp S.A.

     1,789,222         1,350,068   

Sociedad Matriz SAAM S.A.

     16,234,944         1,302,129   

SONDA S.A.

     1,433,958         3,382,475   

Vina Concha y Toro S.A.

     1,592,337         3,286,590   
     

 

 

 
Total Chile         30,878,222   
China – 9.1%      

Anhui Expressway Co., Ltd. Class H

     1,795,666         1,248,366   

BBMG Corp. Class H

     930,169         857,818   

China BlueChemical Ltd. Class H

     18,502,000         7,063,790   

China Galaxy Securities Co., Ltd. Class H(a)

     1,706,000         1,951,776   

China National Materials Co., Ltd. Class H

     3,163,000         893,451   

China Railway Construction Corp., Ltd. Class H

     3,586,598         5,356,963   

China Railway Group Ltd. Class H

     5,687,801         5,824,952   

China Southern Airlines Co., Ltd. Class H

     4,058,000         2,852,568   

China Suntien Green Energy Corp., Ltd. Class H

     8,334,039         2,020,881   

Chongqing Machinery & Electric Co., Ltd. Class H

     13,312,855         2,180,732   

CSR Corp., Ltd. Class H(a)

     3,257,139         4,301,933   

Dalian Port PDA Co., Ltd. Class H(a)

     5,344,507         2,247,257   

Datang International Power Generation Co., Ltd. Class H

     11,141,049         5,704,847   

Dongfang Electric Corp., Ltd. Class H(a)

     361,781         698,079   

Fuguiniao Co., Ltd. Class H

     1,870,800         3,976,601   

Guangshen Railway Co., Ltd. Class H(a)

     3,744,665         1,738,773   

Guangzhou Automobile Group Co., Ltd. Class H

     5,974,000         5,717,373   

Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H

     176,000         606,110   

Guodian Technology & Environment Group Corp., Ltd. Class H

     6,589,000         883,854   

Haitong Securities Co., Ltd. Class H(a)

     1,338,000         3,258,258   

Harbin Electric Co., Ltd. Class H

     2,096,071         1,303,108   

Huadian Power International Corp., Ltd. Class H

     5,506,000         4,580,610   

Jiangsu Expressway Co., Ltd. Class H

     5,689,933         7,647,197   

Jiangxi Copper Co., Ltd. Class H(a)

     4,871,000         9,059,637   

Livzon Pharmaceutical Group, Inc. Class H

     103,200         661,551   

Metallurgical Corp. of China Ltd. Class H(a)

     6,079,000         2,234,624   

Shandong Luoxin Pharmaceutical Group Stock Co., Ltd. Class H

     942,000         1,790,918   

Shanghai Electric Group Co., Ltd. Class H

     5,538,000         3,657,214   

 

See Notes to Financial Statements.

 

46   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     352,000       $ 1,173,629   

Shanghai Fudan Microelectronics Group Co., Ltd. Class H(a)

     524,000         425,794   

Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H

     11,753,587         3,789,988   

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     918,600         2,440,738   

Shenzhen Expressway Co., Ltd. Class H

     4,075,697         3,185,678   

Sichuan Expressway Co., Ltd. Class H

     1,646,768         696,681   

Sinopec Engineering Group Co., Ltd. Class H(a)

     4,867,500         4,218,933   

Tong Ren Tang Technologies Co., Ltd. Class H(a)

     1,414,888         2,080,436   

Weichai Power Co., Ltd. Class H

     224,769         866,832   

Xinhua Winshare Publishing and Media Co., Ltd. Class H

     4,229,000         4,123,698   

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

     31,800         59,802   

Yanzhou Coal Mining Co., Ltd. Class H(a)

     1,522,000         1,301,534   

Zhaojin Mining Industry Co., Ltd. Class H(a)

     6,264,500         3,345,139   

Zijin Mining Group Co., Ltd. Class H(a)

     24,120,000         7,653,143   

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(a)

     4,744,200         3,273,740   
     

 

 

 
Total China         128,955,006   
Indonesia – 3.9%      

Ace Hardware Indonesia Tbk PT

     11,260,800         633,016   

Adhi Karya Persero Tbk PT

     4,185,900         978,044   

Agung Podomoro Land Tbk PT

     32,714,800         1,100,919   

AKR Corporindo Tbk PT

     5,752,345         2,254,743   

Alam Sutera Realty Tbk PT

     26,272,277         1,115,190   

Aneka Tambang Persero Tbk PT

     4,473,374         295,944   

Bank Bukopin Tbk PT

     28,561,818         1,550,967   

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     79,409,312         6,073,370   

Bank Tabungan Negara Persero Tbk PT

     33,867,316         3,250,744   

Bumi Serpong Damai Tbk PT

     12,787,300         2,088,022   

Ciputra Development Tbk PT

     21,010,145         2,370,169   

Elnusa Tbk PT

     18,077,300         732,770   

Global Mediacom Tbk PT

     16,195,500         2,167,658   

Harum Energy Tbk PT

     9,507,063         1,090,676   

Intiland Development Tbk PT

     10,914,600         479,992   

Japfa Comfeed Indonesia Tbk PT

     9,664,991         576,573   

Lippo Karawaci Tbk PT

     20,188,000         2,084,421   

Malindo Feedmill Tbk PT

     1,896,100         244,354   

Matahari Putra Prima Tbk PT

     29,408,800         8,906,987   

Medco Energi Internasional Tbk PT

     1,398,400         331,552   

MNC Investama Tbk PT

     37,006,100         846,258   

Pakuwon Jati Tbk PT

     38,368,200         1,511,252   

Pembangunan Perumahan Persero Tbk PT

     7,462,270         2,165,913   

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     13,388,652         1,771,500   

Salim Ivomas Pratama Tbk PT

     15,642,800         837,473   

Summarecon Agung Tbk PT

     23,853,372         3,137,882   

Surya Semesta Internusa Tbk PT

     21,569,800         1,880,656   

Timah Persero Tbk PT

     22,195,422       1,612,669   

Total Bangun Persada Tbk PT

     13,300,800         1,022,356   

Waskita Karya Persero Tbk PT

     10,711,200         1,458,198   

Wijaya Karya Persero Tbk PT

     4,267,352         1,140,680   
     

 

 

 
Total Indonesia         55,710,948   
Malaysia – 6.1%      

Aeon Co. M Bhd

     2,298,352         1,836,944   

AirAsia Bhd

     3,018,200         1,939,602   

Alliance Financial Group Bhd

     4,262,847         5,513,443   

Berjaya Auto Bhd

     1,329,000         1,356,452   

Berjaya Corp. Bhd

     9,477,832         1,164,416   

BIMB Holdings Bhd

     3,541,028         3,920,134   

Bursa Malaysia Bhd

     1,478,300         3,424,818   

Cahya Mata Sarawak Bhd

     1,142,200         1,387,849   

Coastal Contracts Bhd

     714,300         559,328   

Dayang Enterprise Holdings Bhd

     2,070,900         1,302,875   

Dialog Group Bhd

     7,554,976         3,223,130   

DRB-Hicom Bhd

     4,524,661         2,406,800   

Eastern & Oriental Bhd

     2,705,596         1,461,102   

Faber Group Bhd

     1,068,600         952,175   

Gas Malaysia Bhd

     2,135,960         1,493,759   

Genting Plantations Bhd

     382,000         1,045,897   

Globetronics Technology Bhd

     812,100         1,153,408   

HAP Seng Consolidated Bhd

     8,899,592         10,933,750   

Hartalega Holdings Bhd

     1,423,172         3,331,687   

Inari Amertron Bhd

     897,000         801,693   

JCY International Bhd

     9,951,391         1,894,351   

JobStreet Corp. Bhd

     3,120,100         370,688   

KPJ Healthcare Bhd

     1,812,141         2,084,439   

Lafarge Malaysia Bhd

     1,790,600         4,762,363   

Mah Sing Group Bhd

     5,581,182         3,104,424   

Malaysia Marine and Heavy Engineering Holdings Bhd

     1,662,400         543,136   

Malaysian Bulk Carriers Bhd

     1,560,000         509,680   

Malaysian Resources Corp. Bhd

     2,694,843         909,559   

Matrix Concepts Holdings Bhd

     676,200         511,235   

Media Prima Bhd

     5,519,236         2,533,469   

MMC Corp. Bhd

     2,045,400         1,397,290   

Mudajaya Group Bhd

     2,732,365         1,069,780   

Muhibbah Engineering M Bhd

     589,400         350,123   

Oldtown Bhd

     2,451,402         1,138,494   

Padini Holdings Bhd

     3,220,496         1,269,589   

Pos Malaysia Bhd

     1,068,700         1,526,508   

Press Metal Bhd

     1,833,400         1,638,600   

Prestariang Bhd

     1,866,600         1,310,425   

Sunway Bhd

     3,039,600         2,995,691   

Supermax Corp. Bhd

     1,484,267         841,626   

Ta Ann Holdings Bhd

     235,600         248,100   

TA Enterprise Bhd

     3,970,400         804,050   

Tambun Indah Land Bhd

     1,039,400         505,176   

Top Glove Corp. Bhd

     1,300,290         1,920,504   

Tropicana Corp. Bhd

     4,634,700         1,288,981   

Tune Ins Holdings Bhd

     844,300         455,947   

Wah Seong Corp. Bhd

     1,612,869         540,018   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      47   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

WCT Holdings Bhd

     2,606,108       $ 1,083,679   
     

 

 

 
Total Malaysia         86,817,187   
Mexico – 1.8%      

Asesor de Activos Prisma SAPI de C.V.(a)

     1,164,101         1,201,219   

Banregio Grupo Financiero S.A.B. de C.V.(a)

     511,550         2,609,419   

Corp. Inmobiliaria Vesta S.A.B. de C.V.(a)

     1,273,500         2,369,905   

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

     1,844,490         8,994,677   

Grupo Herdez S.A.B. de C.V.(a)

     895,361         2,309,775   

Megacable Holdings S.A.B. de C.V. Series CPO(a)

     844,275         3,310,209   

Organizacion Cultiba S.A.B. de C.V.(a)

     637,430         847,717   

Qualitas Controladora S.A.B. de C.V.

     745,963         1,335,797   

TV Azteca S.A.B. de C.V. Series CPO(a)

     6,568,137         2,448,891   
     

 

 

 
Total Mexico         25,427,609   
Philippines – 2.5%      

Cebu Air, Inc.

     434,720         826,649   

D&L Industries, Inc.

     2,683,900         1,203,852   

Filinvest Land, Inc.

     43,728,000         1,760,859   

First Philippine Holdings Corp.

     767,336         1,647,970   

Lopez Holdings Corp.

     10,986,012         2,101,351   

Manila Water Co., Inc.

     3,683,145         2,232,958   

Nickel Asia Corp.

     3,329,324         1,787,557   

Puregold Price Club, Inc.

     927,200         861,860   

Rizal Commercial Banking Corp.

     1,027,444         1,037,787   

Robinsons Land Corp.

     6,748,160         4,649,739   

Robinsons Retail Holdings, Inc.

     417,220         784,038   

Security Bank Corp.

     954,184         3,671,581   

Semirara Mining and Power Co.

     2,827,118         10,562,163   

Vista Land & Lifescapes, Inc.

     8,580,600         1,648,934   
     

 

 

 
Total Philippines         34,777,298   
Poland – 2.5%      

Asseco Poland S.A.

     339,104         5,276,839   

CCC S.A.

     30,441         1,468,458   

Ciech S.A.

     82,904         1,186,873   

Enea S.A.

     1,238,352         5,395,642   

Eurocash S.A.(a)

     269,946         2,331,012   

Grupa Azoty S.A.

     40,835         872,382   

Lubelski Wegiel Bogdanka S.A.

     137,347         3,039,276   

PKP Cargo S.A.

     101,195         2,355,389   

Synthos S.A.

     3,880,571         4,503,366   

Tauron Polska Energia S.A.

     5,925,558         6,892,183   

Warsaw Stock Exchange

     202,183         2,591,611   
     

 

 

 
Total Poland         35,913,031   
Russia – 0.0%      

TMK OAO GDR Reg S

     56,328         168,984   
South Africa – 9.9%      

Aeci Ltd.

     205,767         2,037,928   

Astral Foods Ltd.

     52,813         784,594   

AVI Ltd.

     1,244,477         8,478,826   

Barloworld Ltd.

     513,426         3,932,399   

Blue Label Telecoms Ltd.

     1,284,291         922,177   

Capevin Holdings Ltd.

     1,391,464       1,063,444   

Capitec Bank Holdings Ltd.

     216,678         9,388,888   

City Lodge Hotels Ltd.

     119,231         1,354,360   

Clicks Group Ltd.(a)

     462,476         3,490,255   

Clover Industries Ltd.

     367,665         550,151   

Famous Brands Ltd.

     240,294         2,221,226   

Foschini Group Ltd. (The)

     779,442         11,616,122   

Grindrod Ltd.

     714,707         1,026,382   

Group Five Ltd.

     203,440         422,118   

Hosken Consolidated Investments Ltd.

     166,536         1,993,003   

Investec Ltd.

     825,997         6,852,034   

Invicta Holdings Ltd.(a)

     198,020         1,188,978   

JSE Ltd.

     211,309         2,147,578   

Lewis Group Ltd.(a)

     629,785         4,023,139   

Metair Investments Ltd.

     442,259         1,226,079   

Mondi Ltd.

     374,265         7,162,041   

Mpact Ltd.

     593,718         2,107,077   

Murray & Roberts Holdings Ltd.

     704,018         795,461   

Nampak Ltd.

     2,121,358         7,125,907   

Omnia Holdings Ltd.

     102,533         1,459,770   

Peregrine Holdings Ltd.

     615,304         1,319,352   

Pick n Pay Holdings Ltd.

     1,043,287         1,851,288   

Pick n Pay Stores Ltd.(a)

     711,434         2,903,573   

Pioneer Foods Ltd.

     382,758         5,618,365   

PPC Ltd.

     2,119,193         3,206,009   

PSG Group Ltd.(a)

     296,876         4,052,681   

Raubex Group Ltd.

     360,140         537,999   

Resilient Property Income Fund Ltd.

     875,187         7,512,180   

Reunert Ltd.

     858,017         4,250,340   

Sibanye Gold Ltd.

     3,151,194         6,741,273   

SPAR Group Ltd. (The)

     563,875         8,781,860   

Sun International Ltd.

     270,928         2,817,450   

Tongaat Hulett Ltd.

     230,479         2,558,500   

Trencor Ltd.

     478,487         2,428,718   

Wilson Bayly Holmes-Ovcon Ltd.

     133,768         1,243,920   
     

 

 

 
Total South Africa         139,193,445   
South Korea – 9.8%      

Aju Capital Co., Ltd.

     104,025         571,015   

Binggrae Co., Ltd.

     28,586         2,117,959   

Chongkundang Holdings Corp.

     10,042         617,301   

CJ CGV Co., Ltd.(a)

     32,278         1,969,643   

Daeduck Electronics Co.

     87,822         761,501   

Daewoong Pharmaceutical Co., Ltd.

     34,577         1,869,954   

Daishin Securities Co., Ltd.

     213,148         2,286,233   

Daum Kakao Corp.(a)

     13,445         1,398,488   

DGB Financial Group, Inc.

     224,837         2,452,141   

Dongkuk Steel Mill Co., Ltd.(a)

     247,919         1,343,002   

Doosan Corp.

     56,777         5,961,982   

Grand Korea Leisure Co., Ltd.(a)

     145,896         4,977,388   

Green Cross Corp.

     10,589         1,679,809   

Green Cross Holdings Corp.

     33,656         832,716   

GS Home Shopping, Inc.

     5,817         1,164,501   

Hana Tour Service, Inc.

     23,650         2,387,489   

Handsome Co., Ltd.

     67,904         2,010,588   

 

See Notes to Financial Statements.

 

48   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Hankook Tire Worldwide Co., Ltd.

     85,111       $ 1,618,678   

Hanmi Semiconductor Co., Ltd.(a)

     106,463         1,549,757   

Hansol Holdings Co., Ltd.

     67,551         532,761   

Hanwha Chemical Corp.

     146,911         1,933,301   

Hanwha Corp.

     102,371         3,354,082   

Hite Jinro Co., Ltd.(a)

     250,067         5,003,819   

Hitejinro Holdings Co., Ltd.(a)

     41,040         466,090   

Huchems Fine Chemical Corp.

     121,109         2,789,071   

Huvis Corp.

     61,822         562,803   

Hyosung Corp.

     43,840         3,425,957   

Hyundai Hysco Co., Ltd.

     19,203         1,102,556   

Hyundai Rotem Co., Ltd.(a)

     22,821         392,880   

Iljin Display Co., Ltd.(a)

     87,774         582,285   

iMarketKorea, Inc.(a)

     37,624         868,155   

Jahwa Electronics Co., Ltd.

     54,777         787,501   

Kolon Industries, Inc.

     33,074         1,493,539   

Korea Investment Holdings Co., Ltd.

     43,616         2,472,799   

Korea Real Estate Investment & Trust Co., Ltd.(a)

     216,119         722,702   

Korean Reinsurance Co.

     234,041         2,151,713   

KT Skylife Co., Ltd.

     83,665         1,395,108   

Kumho Petrochemical Co., Ltd.(a)

     50,594         3,579,818   

Kyungdong Pharm Co., Ltd.

     24,078         557,758   

LEENO Industrial, Inc.(a)

     14,074         494,103   

LF Corp.

     59,727         1,706,563   

LG Hausys Ltd.(a)

     3,013         468,469   

LG International Corp.

     34,027         1,154,731   

LIG Insurance Co., Ltd.

     114,921         2,361,710   

Lock&Lock Co., Ltd.

     26,287         304,464   

LS Corp.

     41,066         1,924,766   

LS Industrial Systems Co., Ltd.

     32,278         1,856,178   

Macquarie Korea Infrastructure Fund

     1,567,145         11,060,206   

Medy-Tox, Inc.

     1,573         466,037   

Meritz Fire & Marine Insurance Co., Ltd.(a)

     310,477         3,190,263   

Meritz Securities Co., Ltd.

     778,789         3,980,110   

Mirae Asset Securities Co., Ltd.

     52,704         2,484,492   

Modetour Network, Inc.

     38,077         1,136,012   

Moorim P&P Co., Ltd.(a)

     376,840         1,555,660   

NH Investment & Securities Co. Ltd.

     189,336         2,457,468   

NICE Information Service Co., Ltd.

     112,262         649,621   

Partron Co., Ltd.(a)

     172,412         2,222,265   

Poongsan Corp.

     53,372         1,188,236   

Posco ICT Co., Ltd.

     59,474         301,806   

S&T Motiv Co., Ltd.

     12,218         604,595   

S-1 Corp.(a)

     57,092         4,317,472   

Samsung Fine Chemicals Co., Ltd.(a)

     18,990         709,483   

Samsung Techwin Co., Ltd.(a)

     77,912         1,664,351   

SBS Contents Hub Co., Ltd.

     37,124         533,713   

Seah Besteel Corp.

     66,893         2,010,800   

SeAH Special Steel Co., Ltd.

     21,839         465,539   

SeAH Steel Corp.

     9,685         700,983   

Seoul Semiconductor Co., Ltd.(a)

     25,854         463,738   

SEOWONINTECH Co., Ltd.

     50,120         702,480   

SFA Engineering Corp.(a)

     33,762         1,655,462   

Shinsegae Co., Ltd.

     5,623       854,005   

Silicon Works Co., Ltd.

     31,322         1,102,460   

SK Chemicals Co., Ltd.(a)

     27,507         1,576,858   

SK Gas Ltd.(a)

     5,645         457,930   

SKC Co., Ltd.

     47,528         1,546,497   

Soulbrain Co., Ltd.

     21,145         886,243   

Sungwoo Hitech Co., Ltd.

     128,090         1,298,853   

Tongyang Life Insurance

     276,799         2,894,108   

Youlchon Chemical Co., Ltd.

     45,322         465,700   

Youngone Corp.(a)

     29,030         1,426,053   
     

 

 

 
Total South Korea         139,045,326   
Taiwan – 27.3%      

Ability Enterprise Co., Ltd.(a)

     2,686,650         1,511,187   

AcBel Polytech, Inc.(a)

     1,797,303         1,909,886   

Accton Technology Corp.

     3,930,633         2,041,316   

Achem Technology Corp.

     711,000         423,782   

Adlink Technology, Inc.

     109,000         279,728   

ALI Corp.(a)

     1,456,980         1,101,233   

Alpha Networks, Inc.(a)

     2,327,788         1,562,274   

Arcadyan Technology Corp.

     166,926         229,397   

Asia Pacific Telecom Co., Ltd.

     5,831,000         2,664,855   

ASROCK, Inc.

     203,000         493,714   

Aten International Co., Ltd.

     263,000         762,355   

AV Tech Corp.

     786,036         1,153,054   

BES Engineering Corp.(a)

     3,304,026         800,400   

Capital Securities Corp.

     10,548,723         3,455,558   

Career Technology MFG. Co., Ltd.(a)

     1,090,000         1,114,733   

Cathay Real Estate Development Co., Ltd.

     1,414,000         820,201   

Charoen Pokphand Enterprise

     442,000         408,945   

Chaun-Choung Technology Corp.

     202,000         658,485   

CHC Healthcare Group(a)

     340,000         681,304   

Cheng Loong Corp.

     2,307,000         914,247   

Cheng Uei Precision Industry Co., Ltd.(a)

     1,472,820         2,730,059   

Chicony Electronics Co., Ltd.(a)

     2,515,410         7,058,261   

Chin-Poon Industrial Co., Ltd.(a)

     1,242,650         2,505,951   

China Bills Finance Corp.

     2,127,000         802,128   

China Steel Chemical Corp.(a)

     868,726         4,122,909   

China Synthetic Rubber Corp.

     2,418,257         2,507,908   

Chong Hong Construction Co., Ltd.(a)

     1,098,000         2,224,775   

Chroma ATE, Inc.(a)

     1,023,132         2,540,663   

Chung Hsin Electric & Machinery Manufacturing Corp.

     2,827,396         1,911,135   

Cleanaway Co., Ltd.

     263,161         1,467,613   

Clevo Co.

     1,915,000         2,980,521   

Compeq Manufacturing Co., Ltd.

     3,490,000         2,253,052   

Continental Holdings Corp.

     148,000         52,975   

Coxon Precise Industrial Co., Ltd.

     341,000         810,815   

CTCI Corp.

     1,569,190         2,587,734   

Cub Elecparts, Inc.

     45,000         517,737   

Cyberlink Corp.

     597,011         1,787,789   

D-Link Corp.

     3,540,664         1,912,343   

Depo Auto Parts Ind Co., Ltd.

     606,646         2,578,585   

E-Lead Electronic Co., Ltd.(a)

     303,000         673,011   

Eastern Media International Corp.(a)

     2,771,000         879,387   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      49   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Eclat Textile Co., Ltd.

     377,286       $ 4,961,751   

Elan Microelectronics Corp.(a)

     1,179,156         2,016,134   

Elite Advanced Laser Corp.(a)

     169,000         748,051   

Elite Material Co., Ltd.

     1,418,163         2,429,324   

Elite Semiconductor Memory Technology, Inc.

     425,000         678,452   

Elitegroup Computer Systems Co., Ltd.

     4,871,000         5,082,715   

Ennoconn Corp.

     70,000         636,465   

Epistar Corp.

     498,245         802,542   

Eternal Materials Co., Ltd.

     3,498,767         3,751,474   

Evergreen International Storage & Transport Corp.(a)

     3,287,361         1,875,340   

Everlight Chemical Industrial Corp.(a)

     1,186,229         1,125,951   

Everlight Electronics Co., Ltd.(a)

     1,357,165         3,075,200   

Excelsior Medical Co., Ltd.(a)

     443,000         731,962   

Far Eastern Department Stores Ltd.

     3,609,841         3,051,464   

Far Eastern International Bank(a)

     8,475,601         2,952,510   

Faraday Technology Corp.

     1,160,000         1,686,801   

Farglory Land Development Co., Ltd.

     1,665,640         1,921,688   

Feng Hsin Iron & Steel Co.(a)

     2,127,950         2,672,689   

Feng TAY Enterprise Co., Ltd.

     1,135,960         6,843,351   

FLEXium Interconnect, Inc.(a)

     315,138         907,444   

Flytech Technology Co., Ltd.(a)

     226,419         918,991   

Formosa International Hotels Corp.

     145,733         1,539,302   

Formosan Rubber Group, Inc.

     3,964,122         4,022,399   

GeoVision, Inc.(a)

     259,000         972,595   

Getac Technology Corp.(a)

     1,565,292         960,486   

Giant Manufacturing Co., Ltd.(a)

     681,464         6,577,249   

Global Mixed Mode Technology, Inc.

     230,685         668,684   

Global Unichip Corp.(a)

     273,528         725,562   

Grand Pacific Petrochemical

     3,274,135         1,852,099   

Grape King Bio Ltd.(a)

     537,988         2,329,734   

Great Wall Enterprise Co., Ltd.(a)

     2,552,446         2,141,314   

Greatek Electronics, Inc.

     741,000         980,422   

HannStar Display Corp.(a)

     2,125,000         465,205   

Highwealth Construction Corp.

     1,727,395         4,085,242   

Hiwin Technologies Corp.(a)

     298,393         2,207,670   

Holtek Semiconductor, Inc.

     1,414,773         2,672,198   

Holy Stone Enterprise Co., Ltd.(a)

     478,309         683,299   

Hota Industrial Manufacturing Co., Ltd.(a)

     222,000         441,304   

Huaku Development Co., Ltd.

     1,419,296         2,903,002   

Huang Hsiang Construction Corp.

     1,696,448         2,399,100   

Ichia Technologies, Inc.(a)

     155,000         153,316   

IEI Integration Corp.(a)

     1,647,620         2,843,448   

Inventec Corp.

     15,635,992         11,318,479   

ITEQ Corp.

     1,327,657         1,054,403   

Jentech Precision Industrial Co., Ltd.(a)

     337,283         772,873   

Johnson Health Tech Co., Ltd.

     176,000         489,358   

KEE TAI Properties Co., Ltd.

     3,091,999         1,946,704   

Kenda Rubber Industrial Co., Ltd.(a)

     1,185,517         2,322,537   

King Slide Works Co., Ltd.(a)

     187,004         2,820,898   

King Yuan Electronics Co., Ltd.

     5,112,960         4,648,888   

King’s Town Bank Co., Ltd.(a)

     1,820,000         1,742,058   

Kingdom Construction Corp.(a)

     1,412,187         1,284,012   

Kinik Co.

     376,495         802,564   

Kinsus Interconnect Technology Corp.(a)

     928,368       $ 2,981,815   

Kung Long Batteries Industrial Co., Ltd.(a)

     155,000         562,240   

Kuoyang Construction Co., Ltd.

     835,000         369,599   

LCY Chemical Corp.(a)

     1,695,000         904,650   

Lelon Electronics Corp.

     389,000         522,148   

Lextar Electronics Corp.

     1,048,000         944,506   

Long Chen Paper Co., Ltd.(a)

     809,000         339,992   

Lotes Co., Ltd.(a)

     284,233         1,262,652   

Lumax International Corp., Ltd.(a)

     346,773         683,793   

Makalot Industrial Co., Ltd.(a)

     779,167         5,602,831   

Masterlink Securities Corp.

     2,551,000         856,040   

Mercuries & Associates Holding Ltd.

     1,482,362         1,099,099   

Merida Industry Co., Ltd.(a)

     784,043         6,164,096   

Merry Electronics Co., Ltd.(a)

     602,146         1,934,026   

Micro-Star International Co., Ltd.

     2,866,877         3,403,787   

Nak Sealing Technologies Corp.(a)

     155,000         510,227   

Namchow Chemical Industrial Co., Ltd.

     580,086         1,251,384   

Nan Kang Rubber Tire Co., Ltd.(a)

     754,954         739,512   

Neo Solar Power Corp.(a)

     164,000         145,184   

Nuvoton Technology Corp.(a)

     344,632         317,758   

OptoTech Corp.(a)

     2,210,518         960,788   

Oriental Union Chemical Corp.(a)

     2,983,767         2,631,894   

Posiflex Technology, Inc.

     155,000         792,586   

Primax Electronics Ltd.(a)

     276,000         379,291   

Prince Housing & Development Corp.

     2,442,460         1,010,862   

Promate Electronic Co., Ltd.

     153,000         191,922   

Promise Technology, Inc.(a)

     470,000         523,474   

Radiant Opto-Electronics Corp.(a)

     1,734,252         5,398,407   

Realtek Semiconductor Corp.

     1,147,770         3,668,169   

Rechi Precision Co., Ltd.(a)

     529,612         526,396   

Richtek Technology Corp.(a)

     395,910         2,169,977   

Ruentex Development Co., Ltd.(a)

     4,881,537         7,488,456   

Ruentex Industries Ltd.(a)

     3,593,162         7,866,142   

Sampo Corp.

     1,894,000         832,295   

ScinoPharm Taiwan Ltd.(a)

     726,000         1,149,674   

SDI Corp.

     175,000         255,593   

Senao International Co., Ltd.(a)

     1,250,599         1,846,522   

Sercomm Corp.(a)

     725,488         1,565,051   

Shin Zu Shing Co., Ltd.

     383,580         1,010,131   

Shinkong Synthetic Fibers Corp.

     5,284,761         1,815,634   

Sigurd Microelectronics Corp.

     2,304,830         2,220,857   

Sinbon Electronics Co., Ltd.

     471,000         767,689   

Sincere Navigation Corp.

     3,319,546         2,636,329   

Sitronix Technology Corp.(a)

     248,000         903,547   

Sonix Technology Co., Ltd.

     362,205         567,211   

Standard Chemical & Pharmaceutical Co., Ltd.

     791,000         970,738   

Standard Foods Corp.(a)

     812,794         2,093,678   

Sunspring Metal Corp.(a)

     962,000         1,924,615   

Swancor Ind Co., Ltd.(a)

     105,000         766,779   

Syncmold Enterprise Corp.

     378,220         855,800   

Synnex Technology International Corp.

     6,803,000         9,196,769   

Taiflex Scientific Co., Ltd.(a)

     698,974         1,072,252   

Tainan Spinning Co., Ltd.

     4,406,108         2,288,247   

Taiwan Cogeneration Corp.(a)

     3,569,970         3,091,920   

 

See Notes to Financial Statements.

 

50   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Taiwan Fertilizer Co., Ltd.

     984,000       $ 1,704,468   

Taiwan Glass Industry Corp.

     2,163,698         1,559,329   

Taiwan Hon Chuan Enterprise Co., Ltd.(a)

     786,606         1,518,409   

Taiwan Paiho Ltd.

     470,000         1,134,068   

Taiwan PCB Techvest Co., Ltd.

     761,302         1,328,446   

Taiwan Secom Co., Ltd.

     1,092,674         2,950,813   

Taiwan Styrene Monomer(a)

     1,246,000         591,342   

Taiwan Surface Mounting Technology Co., Ltd.

     375,506         472,233   

Taiwan TEA Corp.(a)

     1,199,000         655,254   

Teco Electric and Machinery Co., Ltd.

     5,215,683         4,967,317   

Test Research, Inc.(a)

     845,115         1,496,305   

Test-Rite International Co., Ltd.

     1,623,888         1,076,883   

Ton Yi Industrial Corp.(a)

     4,851,538         3,380,106   

Tong Hsing Electronic Industries Ltd.(a)

     398,918         1,376,898   

Tong Yang Industry Co., Ltd.(a)

     1,157,685         1,354,147   

Tong-Tai Machine & Tool Co., Ltd.

     470,000         503,947   

Topco Scientific Co., Ltd.

     569,320         1,126,267   

Transcend Information, Inc.

     1,276,479         4,528,257   

Tripod Technology Corp.

     1,300,928         2,619,318   

TSRC Corp.(a)

     2,027,011         2,166,939   

Ttet Union Corp.

     160,000         409,076   

Tung Ho Steel Enterprise Corp.(a)

     5,191,153         3,931,938   

TXC Corp.(a)

     1,638,549         2,097,280   

U-Ming Marine Transport Corp.(a)

     2,668,420         3,948,477   

Unimicron Technology Corp.

     1,972,141         1,279,465   

United Integrated Services Co., Ltd.(a)

     2,341,461         2,484,388   

Universal Cement Corp.

     375,000         353,547   

USI Corp.

     2,113,678         1,094,330   

Visual Photonics Epitaxy Co., Ltd.

     797,000         998,479   

Vivotek, Inc.(a)

     411,000         1,257,037   

Voltronic Power Technology Corp.(a)

     86,000         853,404   

Wah Lee Industrial Corp.

     1,040,325         1,821,982   

Wan Hai Lines Ltd.

     4,005,000         4,940,652   

Wei Chuan Foods Corp.(a)

     882,396         706,424   

Wistron Corp.

     8,561,257         7,278,026   

Wistron NeWeb Corp.

     1,517,752         3,487,580   

Wowprime Corp.(a)

     154,833         1,232,132   

WPG Holdings Ltd.

     6,893,759         8,878,827   

WT Microelectronics Co., Ltd.

     2,315,739         3,578,331   

Yageo Corp.

     138,000         284,468   

YC Co., Ltd.(a)

     1,412,995         690,918   

YC INOX Co., Ltd.(a)

     1,531,000         1,181,644   

YFY, Inc.

     2,163,000         871,007   

Young Optics, Inc.

     157,759         313,098   

YungShin Global Holding Corp.

     376,000         658,511   

Yungtay Engineering Co., Ltd.(a)

     978,790         2,274,146   

Zinwell Corp.(a)

     2,042,186         2,101,578   
     

 

 

 
Total Taiwan         385,141,233   
Thailand – 10.5%      

Amata Corp. PCL

     2,537,575         1,263,329   

AP Thailand PCL

     8,538,666         1,889,318   

Bangchak Petroleum PCL (The)

     5,618,439         5,568,367   

Bangkok Chain Hospital PCL NVDR(a)

     6,275,265         1,542,782   

Bangkok Expressway PCL

     4,288,005       $ 5,139,281   

Bangkok Land PCL NVDR

     63,431,514         2,924,010   

Bumrungrad Hospital PCL

     1,326,965         6,198,484   

CH Karnchang PCL NVDR

     3,599,725         2,743,490   

Delta Electronics Thailand PCL

     4,408,051         10,193,787   

Electricity Generating PCL

     1,635,491         7,614,532   

Hana Microelectronics PCL

     2,621,647         3,544,944   

IRPC PCL NVDR

     40,708,200         5,379,387   

Jasmine International PCL

     11,126,896         1,966,185   

Kiatnakin Bank PCL

     3,126,223         3,746,856   

Kiatnakin Bank PCL NVDR(a)

     1,483,706         1,778,259   

LPN Development PCL

     2,455,802         1,267,900   

LPN Development PCL NVDR(a)

     3,263,318         1,684,811   

Major Cineplex Group PCL

     4,860,469         4,891,836   

MCOT PCL

     4,070,874         1,801,493   

MK Restaurants Group PCL NVDR(a)

     1,008,000         1,781,192   

Pruksa Real Estate PCL

     5,049,841         4,500,473   

Quality Houses PCL NVDR

     37,928,352         4,405,936   

Ratchaburi Electricity Generating Holding PCL

     2,982,390         5,613,749   

Ratchaburi Electricity Generating Holding PCL NVDR(a)

     714,500         1,344,902   

Robinson Department Store PCL

     1,036,733         1,513,362   

Samart Corp. PCL(a)

     3,083,000         2,842,348   

Samart Telcoms PCL NVDR(a)

     3,107,424         2,387,388   

Sansiri PCL

     54,933,724         3,123,153   

Somboon Advance Technology PCL NVDR(a)

     1,925,096         1,147,722   

Sri Trang Agro-Industry PCL NVDR

     6,459,160         2,381,989   

Sriracha Construction PCL NVDR

     1,612,144         1,535,847   

Srithai Superware PCL Class C NVDR(a)

     14,354,260         1,120,462   

Supalai PCL

     6,268,727         4,141,906   

Thai Union Frozen Products PCL NVDR

     12,630,320         7,801,765   

Thai Vegetable Oil PCL(a)

     6,333,348         4,204,066   

Thaicom PCL NVDR

     1,764,200         1,884,018   

Thanachart Capital PCL

     5,896,466         6,296,933   

TICON Industrial Connection PCL NVDR(a)

     5,663,115         2,627,936   

Tisco Financial Group PCL

     1,584,775         2,228,133   

Tisco Financial Group PCL NVDR

     2,560,757         3,600,327   

TPI Polene PCL NVDR(a)

     28,781,210         2,529,633   

TTW PCL

     17,921,124         6,278,452   

VGI Global Media PCL NVDR(a)

     12,586,900         2,108,132   
     

 

 

 
Total Thailand         148,538,875   
Turkey – 5.7%      

Alarko Holding A/S

     293,430         420,396   

Anadolu Cam Sanayii AS(a)

     791,799         542,808   

Anadolu Isuzu Otomotiv Sanayi Ve Ticaret AS Class C(a)

     248,538         2,105,849   

Aselsan Elektronik Sanayi ve Ticaret AS(a)

     460,989         2,183,772   

Bizim Toptan Satis Magazalari AS

     55,304         325,881   

Borusan Mannesmann Boru Sanayi ve Ticaret AS

     347,732         940,142   

Brisa Bridgestone Sabanci Sanayi ve Ticaret AS

     1,203,188         4,295,611   

Cimsa Cimento Sanayi ve Ticaret AS

     885,339         5,216,902   

Dogus Otomotiv Servis ve Ticaret AS

     1,894,632         10,033,195   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      51   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Goodyear Lastikleri TAS

     51,173       $ 1,351,014   

Gubre Fabrikalari TAS

     1,105,886         2,725,850   

Is Gayrimenkul Yatirim Ortakligi AS(a)

     941,792         591,227   

Koza Altin Isletmeleri AS(a)

     599,943         6,504,292   

Otokar Otomotiv ve Savunma Sanayi AS

     122,980         4,546,921   

Park Elektrik Uretim Madencilik Sanayi ve Ticaret AS

     1,268,037         1,679,972   

Saf Gayrimenkul Yatirim Ortakligi AS

     6,026,842         2,437,198   

Soda Sanayii AS

     1,142,074         2,533,544   

TAV Havalimanlari Holding AS

     873,204         7,314,534   

Teknosa Ic Ve Dis Ticaret AS(a)

     467,702         1,388,786   

Torunlar Gayrimenkul Yatirim Ortakligi AS

     1,127,270         1,697,526   

Trakya Cam Sanayii AS

     956,262         1,086,452   

Tumosan Motor ve Traktor Sanayi AS(a)

     271,381         798,518   

Turk Traktor ve Ziraat Makineleri AS

     268,742         8,011,027   

Turkiye Sinai Kalkinma Bankasi AS

     1,719,118         1,317,560   

Turkiye Sise ve Cam Fabrikalari AS

     2,096,576         2,591,955   

Ulker Biskuvi Sanayi AS

     816,601         6,132,763   

Vestel Beyaz Esya Sanayi ve Ticaret AS

     291,937         1,596,574   
     

 

 

 
Total Turkey         80,370,269   

TOTAL COMMON STOCKS

(Cost: $1,300,759,727)

  

  

     1,392,071,198   
WARRANTS – 0.0%      
Malaysia – 0.0%      

Mah Sing Group Bhd, expiring 2/21/20*

     535,297         28,908   
Thailand – 0.0%      

Samart Corp. PCL, expiring 2/19/18*(a)

     648,000         50,183   

TOTAL WARRANTS

(Cost: $0)

  

  

     79,091   
EXCHANGE-TRADED FUNDS AND NOTES – 1.0%      
United States – 1.0%      

iPath MSCI India Index ETN*(a)

     192,369         14,258,390   

WisdomTree Emerging Markets Equity Income Fund(a)(b)

     2,715         115,388   

TOTAL EXCHANGE-TRADED FUNDS AND NOTES

(Cost: $12,963,822)

  

  

     14,373,778   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.1%      
United States – 5.1%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $72,570,143)(d)      72,570,143         72,570,143   

TOTAL INVESTMENTS IN SECURITIES – 104.6%

(Cost: $1,386,293,692)

  

  

     1,479,094,210   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.6)%

        (65,425,000
     

 

 

 
NET ASSETS – 100.0%             $ 1,413,669,210   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 8).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $117,165,822 and the total market value of the collateral held by the Fund was $124,935,910. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $52,365,767. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

52   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Global Equity Income Fund (DEW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.3%      
Australia – 8.5%      

Amcor Ltd.

     10,830       $ 116,161   

AMP Ltd.

     17,729         87,224   

ASX Ltd.(a)

     3,370         106,610   

Aurizon Holdings Ltd.

     23,090         85,552   

Australia & New Zealand Banking Group Ltd.

     31,158         872,148   

BHP Billiton Ltd.

     24,050         570,114   

Boral Ltd.

     11,752         57,279   

Brambles Ltd.

     12,031         105,881   

Commonwealth Bank of Australia

     18,015         1,285,423   

Crown Resorts Ltd.

     8,477         86,584   

Flight Centre Travel Group Ltd.(a)

     1,287         38,984   

Fortescue Metals Group Ltd.(a)

     52,354         78,392   

Harvey Norman Holdings Ltd.

     12,793         43,491   

Incitec Pivot Ltd.(a)

     31,112         96,736   

Insurance Australia Group Ltd.(a)

     26,097         121,614   

Leighton Holdings Ltd.(a)

     4,100         66,246   

Lend Lease Group

     3,057         38,861   

Macquarie Group Ltd.

     3,478         203,714   

Metcash Ltd.(a)

     32,055         37,957   

National Australia Bank Ltd.

     28,461         838,184   

Orica Ltd.(a)

     6,339         96,902   

Origin Energy Ltd.

     7,925         68,474   

Platinum Asset Management Ltd.(a)

     9,844         58,809   

Rio Tinto Ltd.(a)

     5,058         221,140   

Sonic Healthcare Ltd.(a)

     5,262         82,167   

Suncorp Group Ltd.

     12,960         133,661   

Tabcorp Holdings Ltd.

     11,775         42,639   

Tatts Group Ltd.

     28,971         88,087   

Telstra Corp., Ltd.

     181,263         873,783   

Toll Holdings Ltd.

     10,697         72,404   

Wesfarmers Ltd.

     14,505         487,125   

Westpac Banking Corp.

     36,846         1,108,488   

Woodside Petroleum Ltd.

     6,545         172,602   

Woolworths Ltd.(a)

     10,807         243,470   
     

 

 

 
Total Australia         8,686,906   
Austria – 0.2%      

Oesterreichische Post AG

     1,401         68,914   

OMV AG

     2,371         65,087   

UNIQA Insurance Group AG

     1,828         16,533   

Verbund AG(a)

     2,859         47,839   

Voestalpine AG

     1,111         40,683   
     

 

 

 
Total Austria         239,056   
Belgium – 0.3%      

Ageas

     1,252         44,918   

Belgacom S.A.

     5,137         179,721   

Elia System Operator S.A./N.V.

     1,345         56,596   

N.V. Bekaert S.A.

     484         13,050   
     

 

 

 
Total Belgium         294,285   
Brazil – 2.0%      

Ambev S.A.

     96,558         557,396   

Arteris S.A.

     5,769         13,538   
     

Banco do Brasil S.A.

     21,111       151,326   

Banco Santander Brasil S.A.

     10,672         46,981   

BB Seguridade Participacoes S.A.

     8,847         90,792   

CCR S.A.

     16,201         82,624   

Centrais Eletricas Brasileiras S.A.

     18,310         32,998   

CETIP S.A. – Mercados Organizados

     2,864         28,540   

Cia de Saneamento Basico do Estado de Sao Paulo

     8,658         47,975   

Cia Energetica de Minas Gerais

     7,919         31,814   

Cia Siderurgica Nacional S.A.

     12,972         22,039   

Cielo S.A.

     9,303         132,991   

CPFL Energia S.A.

     276         1,767   

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     7,247         30,044   

Duratex S.A.

     11,906         32,409   

EcoRodovias Infraestrutura e Logistica S.A.

     15,081         42,420   

Gerdau S.A.

     13,701         33,651   

Grendene S.A.

     5,068         25,926   

Itau Unibanco Holding S.A.

     13,622         137,153   

Porto Seguro S.A.

     6,666         74,563   

Souza Cruz S.A.

     9,380         74,545   

Telefonica Brasil S.A.

     1,265         16,121   

Tractebel Energia S.A.

     3,864         42,677   

Transmissora Alianca de Energia Eletrica S.A.

     11,831         77,514   

Vale S.A.

     43,303         243,064   
     

 

 

 
Total Brazil         2,070,868   
Canada – 4.3%      

Agrium, Inc.(a)

     323         33,664   

ARC Resources Ltd.(a)

     2,207         37,919   

Bank of Montreal(a)

     4,572         273,995   

Bank of Nova Scotia (The)

     7,454         373,965   

BCE, Inc.(a)

     5,816         246,233   

Bonavista Energy Corp.(a)

     6,408         32,280   

Canadian Imperial Bank of Commerce(a)

     2,585         187,410   

Canadian Oil Sands Ltd.

     10,387         80,783   

Cenovus Energy, Inc.

     5,079         85,619   

CI Financial Corp.(a)

     3,148         88,015   

Crescent Point Energy Corp.(a)

     3,425         76,370   

Emera, Inc.

     1,629         52,992   

Ensign Energy Services, Inc.

     3,395         26,619   

First Capital Realty, Inc.(a)

     2,066         32,185   

Fortis, Inc.(a)

     2,740         83,466   

Great-West Lifeco, Inc.(a)

     5,968         172,561   

Husky Energy, Inc.

     7,822         159,652   

IGM Financial, Inc.(a)

     2,262         80,389   

Inter Pipeline Ltd.(a)

     1,304         33,606   

Mullen Group Ltd.(a)

     1,403         22,255   

National Bank of Canada(a)

     1,951         71,231   

Pembina Pipeline Corp.(a)

     3,302         104,340   

Potash Corp. of Saskatchewan, Inc.

     5,032         162,224   

Power Corp. of Canada

     1,867         49,413   

Power Financial Corp.(a)

     4,930         145,934   

Rogers Communications, Inc. Class B

     3,048         102,041   

Royal Bank of Canada

     9,267         557,849   

Shaw Communications, Inc. Class B(a)

     3,885         87,179   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      53   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Sun Life Financial, Inc.

     4,925       $ 151,775   

Teck Resources Ltd. Class B

     2,165         29,710   

TELUS Corp.

     2,997         99,553   

Toronto-Dominion Bank (The)

     8,138         348,331   

TransAlta Corp.(a)

     1,017         9,435   

TransCanada Corp.(a)

     5,018         214,587   

Veresen, Inc.(a)

     1,220         16,068   

Vermilion Energy, Inc.(a)

     1,468         61,722   

Whitecap Resources, Inc.(a)

     3,152         35,738   
     

 

 

 
Total Canada         4,427,108   
Chile – 0.3%      

AES Gener S.A.

     146,849         80,119   

Banco de Chile

     526,195         59,077   

Banco de Credito e Inversiones

     557         24,942   

Corpbanca S.A.

     5,119,953         54,238   

Enersis S.A.

     409,569         134,237   
     

 

 

 
Total Chile         352,613   
China – 6.6%      

Agricultural Bank of China Ltd. Class H

     252,074         124,849   

Bank of China Ltd. Class H

     755,366         436,478   

Bank of Communications Co., Ltd. Class H

     254,125         217,970   

BOC Hong Kong Holdings Ltd.

     85,500         304,922   

China Communications Services Corp., Ltd. Class H

     92,206         40,911   

China Construction Bank Corp. Class H

     2,168,536         1,801,275   

China Machinery Engineering Corp. Class H

     51,407         51,984   

China Merchants Bank Co., Ltd. Class H

     38,527         94,118   

China Merchants Holdings International Co., Ltd.

     13,636         53,379   

China Mobile Ltd.

     125,448         1,637,464   

China Petroleum & Chemical Corp. Class H

     254,000         202,137   

China Resources Power Holdings Co., Ltd.

     29,575         74,233   

China Shenhua Energy Co., Ltd. Class H

     24,500         62,569   

China South City Holdings Ltd.(a)

     41,610         13,632   

Chongqing Rural Commercial Bank Co., Ltd. Class H

     47,926         31,093   

CNOOC Ltd.

     366,415         517,978   

Franshion Properties China Ltd.

     173,447         52,573   

Great Wall Motor Co., Ltd. Class H

     5,199         36,747   

Huaneng Power International, Inc. Class H

     30,137         35,684   

Huishang Bank Corp., Ltd. Class H(a)

     80,825         36,383   

Industrial & Commercial Bank of China Ltd. Class H

     739,000         545,215   

PetroChina Co., Ltd. Class H

     140,000         154,933   

Shanghai Industrial Holdings Ltd.

     17,316         53,379   

Sino-Ocean Land Holdings Ltd.

     79,775         48,258   

Sun Art Retail Group Ltd.(a)

     60,036         52,269   

Yuexiu Property Co., Ltd.

     210,811         41,330   
     

 

 

 
Total China         6,721,763   
Czech Republic – 0.3%      

CEZ AS

     5,386         131,725   

Komercni Banka AS

     472         101,915   

O2 Czech Republic AS

     3,607         28,834   
     

 

 

 
Total Czech Republic         262,474   
     
Denmark – 0.1%      

TDC A/S

     15,630       111,900   
Finland – 0.9%      

Elisa Oyj(a)

     4,386         110,227   

Fortum Oyj(a)

     8,701         182,786   

Kemira Oyj

     3,093         38,334   

Kesko Oyj Class B

     1,560         66,632   

Neste Oil Oyj(a)

     1,593         41,745   

Sampo Oyj Class A

     5,537         279,616   

Stora Enso Oyj Class R(a)

     7,068         72,798   

UPM-Kymmene Oyj

     4,727         91,992   
     

 

 

 
Total Finland         884,130   
France – 6.0%      

Arkema S.A.

     538         42,602   

AXA S.A.

     16,927         426,402   

Bouygues S.A.

     1,134         44,503   

Casino Guichard Perrachon S.A.

     988         87,573   

Cie de Saint-Gobain

     4,510         198,085   

Cie Generale des Etablissements Michelin

     1,521         151,283   

CNP Assurances

     6,072         106,363   

Edenred

     2,908         72,505   

Electricite de France S.A.

     13,997         335,832   

Eutelsat Communications S.A.

     2,229         73,817   

GDF Suez

     19,814         391,663   

Klepierre

     3,346         164,192   

Lagardere SCA

     1,929         57,884   

Metropole Television S.A.

     2,845         56,986   

Neopost S.A.(a)

     1,147         63,010   

Orange S.A.

     33,977         546,092   

Rallye S.A.

     1,134         42,651   

Rubis SCA(a)

     939         59,612   

Sanofi

     7,762         766,364   

Schneider Electric SE

     3,512         272,896   

SCOR SE

     3,217         108,541   

Societe Television Francaise 1

     2,073         36,736   

Total S.A.(a)

     18,830         935,838   

Unibail-Rodamco SE(a)

     911         245,631   

Veolia Environnement S.A.

     6,889         130,330   

Vinci S.A.

     4,939         282,358   

Vivendi S.A.*

     15,290         379,746   
     

 

 

 
Total France         6,079,495   
Germany – 4.9%      

Allianz SE Registered Shares

     2,631         457,338   

BASF SE

     5,094         506,337   

Bayerische Motoren Werke AG

     3,755         469,627   

Daimler AG Registered Shares(a)

     7,467         719,595   

Deutsche Boerse AG

     1,520         124,166   

Deutsche Post AG Registered Shares

     8,911         278,451   

Deutsche Telekom AG Registered Shares

     39,477         722,891   

E.ON SE

     7,889         117,645   

Evonik Industries AG

     4,304         153,467   

Freenet AG

     2,303         69,441   

MAN SE

     722         75,992   

 

See Notes to Financial Statements.

 

54   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     1,566       $ 337,638   

ProSiebenSat.1 Media AG Registered Shares

     855         41,969   

RWE AG

     5,108         130,457   

Siemens AG Registered Shares

     6,055         654,859   

Suedzucker AG(a)

     3,357         41,102   

Telefonica Deutschland Holding AG*

     11,045         63,772   
     

 

 

 
Total Germany         4,964,747   
Hong Kong – 1.2%      

China Power International Development Ltd.(a)

     41,224         21,588   

CLP Holdings Ltd.

     14,500         126,708   

Hang Lung Properties Ltd.

     13,472         37,880   

Hang Seng Bank Ltd.

     13,300         241,021   

Hopewell Holdings Ltd.

     21,000         78,821   

New World Development Co., Ltd.

     26,423         30,639   

Power Assets Holdings Ltd.

     17,000         173,880   

Sino Land Co., Ltd.

     48,000         78,256   

SJM Holdings Ltd.(a)

     54,396         71,143   

Sun Hung Kai Properties Ltd.

     18,000         277,671   

Wharf Holdings Ltd. (The)

     10,519         73,468   
     

 

 

 
Total Hong Kong         1,211,075   
Hungary – 0.1%      

MOL Hungarian Oil & Gas PLC(a)

     1,844         80,051   
Indonesia – 0.1%      

Bank Danamon Indonesia Tbk PT

     93,313         36,576   

Indocement Tunggal Prakarsa Tbk PT

     32,045         53,735   

Perusahaan Gas Negara Persero Tbk PT

     179,600         65,933   
     

 

 

 
Total Indonesia         156,244   
Ireland – 0.1%      

CRH PLC

     4,521         117,450   
Israel – 0.1%      

Bezeq Israeli Telecommunication Corp., Ltd.

     47,156         87,987   

Gazit-Globe Ltd.

     3,824         47,311   
     

 

 

 
Total Israel         135,298   
Italy – 1.8%      

A2A SpA

     54,805         56,948   

ACEA SpA

     1,872         24,026   

Atlantia SpA

     6,941         182,266   

Enel SpA

     60,111         271,923   

Eni SpA

     33,434         579,198   

GTECH SpA(a)

     1,705         33,785   

Hera SpA

     27,110         63,648   

Mediolanum SpA(a)

     6,963         56,199   

Pirelli & C. SpA

     3,929         65,237   

Snam SpA

     43,733         212,301   

Societa Iniziative Autostradali e Servizi SpA

     6,274         72,908   

Telecom Italia SpA RSP

     49,096         46,138   

Terna Rete Elettrica Nazionale SpA

     21,652         95,342   

Tod’s SpA(a)

     466         42,291   
     

 

 

 
Total Italy         1,802,210   
     
Japan – 2.6%      

Aozora Bank Ltd.(a)

     23,331       82,877   

Canon, Inc.

     2,800         99,182   

Chugoku Electric Power Co., Inc. (The)(a)

     6,136         80,125   

Dai Nippon Printing Co., Ltd.(a)

     11,255         109,617   

Daihatsu Motor Co., Ltd.(a)

     6,587         100,954   

Daiichi Sankyo Co., Ltd.(a)

     2,375         37,766   

Daiwa Securities Group, Inc.

     14,601         115,176   

Eisai Co., Ltd.(a)

     1,900         135,222   

ITOCHU Corp.(a)

     14,742         159,989   

Kobe Steel Ltd.(a)

     36,173         66,962   

Marubeni Corp.(a)

     20,569         119,375   

Matsui Securities Co., Ltd.(a)

     5,132         46,730   

Mitsubishi Corp.(a)

     13,458         271,629   

Mitsui & Co., Ltd.

     15,958         214,503   

Mizuho Financial Group, Inc.

     106,100         186,764   

NTT DOCOMO, Inc.(a)

     18,800         326,933   

Sankyo Co., Ltd.(a)

     1,535         54,719   

Sekisui House Ltd.

     8,267         120,326   

Showa Shell Sekiyu K.K.

     3,970         36,348   

Sumitomo Corp.(a)

     11,186         119,905   

Takeda Pharmaceutical Co., Ltd.(a)

     2,300         115,053   
     

 

 

 
Total Japan         2,600,155   
Malaysia – 1.1%      

Affin Holdings Bhd

     12,993         10,349   

Axiata Group Bhd

     56,901         108,778   

British American Tobacco Malaysia Bhd

     5,600         103,820   

DiGi.Com Bhd

     86,000         146,294   

Felda Global Ventures Holdings Bhd

     73,679         43,171   

IOI Corp. Bhd

     42,381         52,526   

Malayan Banking Bhd

     92,500         233,030   

Maxis Bhd

     72,200         140,170   

Sime Darby Bhd

     25,402         63,582   

SP Setia Bhd Group

     16,192         15,127   

Telekom Malaysia Bhd

     26,000         51,038   

YTL Corp. Bhd

     146,359         65,997   

YTL Power International Bhd

     105,251         42,629   
     

 

 

 
Total Malaysia         1,076,511   
Mexico – 0.1%      

Grupo Sanborns S.A.B. de C.V.(a)

     20,077         32,868   

Infraestructura Energetica Nova S.A.B. de C.V.

     5,455         29,806   

Kimberly-Clark de Mexico S.A.B. de C.V. Class A(a)

     28,926         60,722   
     

 

 

 
Total Mexico         123,396   
Netherlands – 1.0%      

Aegon N.V.

     9,872         77,918   

Delta Lloyd N.V.

     4,571         86,108   

Koninklijke Ahold N.V.

     5,818         114,661   

Koninklijke Philips N.V.

     6,995         198,521   

Reed Elsevier N.V.

     6,318         157,356   

Unilever N.V. CVA

     10,068         420,789   
     

 

 

 
Total Netherlands         1,055,353   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      55   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
New Zealand – 0.2%      

Contact Energy Ltd.

     9,213       $ 41,315   

Fletcher Building Ltd.

     6,652         42,002   

Spark New Zealand Ltd.

     40,064         89,531   

Vector Ltd.

     16,424         37,934   
     

 

 

 
Total New Zealand         210,782   
Norway – 1.2%      

Gjensidige Forsikring ASA

     5,620         97,071   

Marine Harvest ASA

     4,840         55,582   

Orkla ASA

     6,249         47,260   

Statoil ASA

     32,088         568,571   

Telenor ASA

     11,873         239,991   

TGS Nopec Geophysical Co. ASA

     2,280         50,584   

Yara International ASA

     2,354         119,758   
     

 

 

 
Total Norway         1,178,817   
Philippines – 0.3%      

Aboitiz Equity Ventures, Inc.

     23,534         30,536   

Aboitiz Power Corp.

     61,000         60,727   

Globe Telecom, Inc.

     879         39,604   

Philippine Long Distance Telephone Co.

     2,155         137,689   

Semirara Mining and Power Co.

     11,250         42,030   
     

 

 

 
Total Philippines         310,586   
Poland – 0.5%      

Bank Pekao S.A.

     415         20,118   

Enea S.A.

     2,182         9,507   

KGHM Polska Miedz S.A.

     2,123         67,192   

Orange Polska S.A.

     32,859         82,592   

PGE Polska Grupa Energetyczna S.A.

     25,560         140,491   

Polski Koncern Naftowy Orlen S.A.

     4,051         63,305   

Powszechny Zaklad Ubezpieczen S.A.

     959         123,685   

Tauron Polska Energia S.A.

     24,471         28,463   
     

 

 

 
Total Poland         535,353   
Portugal – 0.2%      

EDP-Energias de Portugal S.A.

     39,500         147,844   

Jeronimo Martins, SGPS, S.A.

     4,192         52,676   

Portucel S.A.

     11,904         53,300   
     

 

 

 
Total Portugal         253,820   
Russia – 2.5%      

Gazprom Neft OAO ADR

     6,415         85,319   

Gazprom OAO ADR

     121,205         576,208   

Lukoil OAO ADR

     10,302         477,189   

MegaFon OAO GDR Reg S

     5,504         88,064   

MMC Norilsk Nickel OJSC ADR

     20,975         372,621   

Mobile Telesystems OJSC ADR

     13,980         141,198   

Rosneft OAO GDR Reg S

     82,773         356,338   

Sberbank of Russia ADR

     46,065         202,410   

Sistema JSFC GDR Reg S

     15,923         117,830   

Tatneft OAO ADR

     2,899         86,361   
     

 

 

 
Total Russia         2,503,538   
Singapore – 1.4%      

DBS Group Holdings Ltd.

     12,500         185,536   
     

Keppel Corp., Ltd.(a)

     14,300       93,825   

Oversea-Chinese Banking Corp., Ltd.

     11,617         89,518   

SATS Ltd.

     8,820         19,804   

Sembcorp Industries Ltd.

     17,832         54,860   

Sembcorp Marine Ltd.(a)

     24,120         51,345   

SIA Engineering Co., Ltd.(a)

     18,000         52,621   

Singapore Airlines Ltd.

     9,703         84,531   

Singapore Exchange Ltd.

     5,282         31,345   

Singapore Press Holdings Ltd.(a)

     31,500         96,220   

Singapore Technologies Engineering Ltd.(a)

     32,500         82,452   

Singapore Telecommunications Ltd.

     137,000         437,457   

StarHub Ltd.(a)

     21,500         68,182   

United Overseas Bank Ltd.

     3,929         65,880   
     

 

 

 
Total Singapore         1,413,576   
South Africa – 1.5%      

African Rainbow Minerals Ltd.

     5,791         47,260   

Assore Ltd.(a)

     3,398         37,300   

AVI Ltd.

     6,779         46,186   

Barclays Africa Group Ltd.

     4,889         74,649   

FirstRand Ltd.

     30,780         141,855   

Foschini Group Ltd. (The)

     4,491         66,930   

Kumba Iron Ore Ltd.(a)

     8,695         111,950   

Liberty Holdings Ltd.(a)

     2,015         27,914   

Massmart Holdings Ltd.

     3,155         39,059   

MTN Group Ltd.

     15,542         262,962   

Nedbank Group Ltd.(a)

     4,466         87,645   

RMB Holdings Ltd.

     10,361         59,757   

Sanlam Ltd.

     22,171         143,406   

Sasol Ltd.

     5,600         190,501   

Tsogo Sun Holdings Ltd.

     10,824         24,656   

Vodacom Group Ltd.(a)

     11,010         120,575   
     

 

 

 
Total South Africa         1,482,605   
South Korea – 0.4%      

GS Holdings Corp.

     1,356         52,434   

KT&G Corp.

     909         72,674   

SK Innovation Co., Ltd.

     1,053         90,546   

SK Telecom Co., Ltd.

     655         160,879   
     

 

 

 
Total South Korea         376,533   
Spain – 3.3%      

Abertis Infraestructuras S.A.

     8,980         162,365   

ACS Actividades de Construccion y Servicios S.A.

     2,698         95,622   

Banco Bilbao Vizcaya Argentaria S.A.

     19,496         196,991   

Banco Santander S.A.

     160,330         1,208,288   

CaixaBank S.A.

     44,527         211,133   

Enagas S.A.

     1,961         56,086   

Endesa S.A.

     4,945         95,597   

Ferrovial S.A.

     7,374         156,810   

Gas Natural SDG S.A.

     8,389         188,440   

Mapfre S.A.

     27,561         100,612   

Red Electrica Corp. S.A.

     1,083         88,096   

Repsol S.A.

     9,107         169,552   

Tecnicas Reunidas S.A.

     462         19,401   

Telefonica S.A.

     41,456         590,385   
     

 

 

 
Total Spain         3,339,378   

 

See Notes to Financial Statements.

 

56   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Sweden – 2.4%      

Axfood AB(a)

     954       $ 50,388   

Electrolux AB Series B(a)

     2,488         71,316   

Hennes & Mauritz AB Class B

     11,259         456,284   

ICA Gruppen AB

     1,611         54,005   

Nordea Bank AB

     27,739         338,694   

Securitas AB Class B

     2,560         36,720   

Skandinaviska Enskilda Banken AB Class A

     17,622         206,175   

Skanska AB Class B

     6,800         152,494   

Svenska Handelsbanken AB Class A

     4,710         212,615   

Swedbank AB Class A(a)

     8,734         208,728   

Tele2 AB Class B

     7,507         89,746   

Telefonaktiebolaget LM Ericsson Class B

     19,710         247,745   

TeliaSonera AB

     24,284         154,308   

Volvo AB Class B

     14,133         170,926   
     

 

 

 
Total Sweden         2,450,144   
Switzerland – 3.5%      

ABB Ltd. Registered Shares*

     7,206         153,052   

Adecco S.A. Registered Shares*

     895         74,637   

Kuehne + Nagel International AG Registered Shares

     850         126,454   

Nestle S.A. Registered Shares

     18,242         1,378,527   

SGS S.A. Registered Shares

     69         132,132   

STMicroelectronics N.V.

     12,326         115,039   

Swiss Re AG

     4,290         415,617   

Swisscom AG Registered Shares

     553         321,393   

Syngenta AG Registered Shares

     854         290,763   

Transocean Ltd.(a)

     8,595         124,417   

Zurich Insurance Group AG*

     1,202         407,514   
     

 

 

 
Total Switzerland         3,539,545   
Taiwan – 1.6%      

Advanced Semiconductor Engineering, Inc.

     59,108         79,812   

Asia Cement Corp.

     84,514         106,284   

Asustek Computer, Inc.

     9,486         95,497   

Cheng Shin Rubber Industry Co., Ltd.

     24,197         55,601   

Chicony Electronics Co., Ltd.

     5,662         15,888   

Far Eastern New Century Corp.

     93,877         96,907   

Formosa Petrochemical Corp.

     68,267         149,450   

Fubon Financial Holding Co., Ltd.

     12,195         21,903   

Inventec Corp.

     60,841         44,041   

Lite-On Technology Corp.

     31,178         40,405   

MediaTek, Inc.

     10,389         140,612   

Mega Financial Holding Co., Ltd.

     96,611         80,123   

Novatek Microelectronics Corp.

     5,141         26,617   

Pegatron Corp.

     16,680         45,152   

Pou Chen Corp.

     41,000         57,392   

Quanta Computer, Inc.

     52,210         126,145   

Ruentex Industries Ltd.

     9,828         21,515   

Siliconware Precision Industries Co., Ltd.

     41,000         68,268   

Synnex Technology International Corp.

     58,000         78,408   

Taiwan Cement Corp.

     66,000         93,020   

Taiwan Mobile Co., Ltd.

     23,800         83,289   

Wistron Corp.

     19,377         16,473   

WPG Holdings Ltd.

     29,232         37,649   
     

Yulon Nissan Motor Co., Ltd.

     3,104       30,058   
     

 

 

 
Total Taiwan         1,610,509   
Thailand – 1.0%      

Advanced Info Service PCL

     28,941         210,787   

Banpu PCL NVDR

     89,191         80,858   

BEC World PCL NVDR

     16,189         20,398   

Electricity Generating PCL NVDR

     2,864         13,334   

Intouch Holdings PCL NVDR

     25,271         59,993   

Krung Thai Bank PCL NVDR

     36,600         25,645   

PTT Exploration & Production PCL NVDR

     44,689         149,696   

PTT Global Chemical PCL NVDR

     57,036         91,584   

PTT PCL NVDR

     21,600         214,407   

Ratchaburi Electricity Generating Holding PCL NVDR

     15,128         28,475   

Thai Oil PCL NVDR

     47,612         76,086   
     

 

 

 
Total Thailand         971,263   
Turkey – 0.2%      

Arcelik AS

     7,236         41,802   

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     60,477         68,711   

Eregli Demir ve Celik Fabrikalari TAS

     33,703         52,440   

TAV Havalimanlari Holding AS

     2,459         20,598   

Tofas Turk Otomobil Fabrikasi AS

     6,406         38,858   
     

 

 

 
Total Turkey         222,409   
United Kingdom – 14.1%   

Aberdeen Asset Management PLC

     12,842         87,618   

Amec Foster Wheeler PLC

     2,123         28,538   

Anglo American PLC

     11,244         168,920   

Antofagasta PLC

     20,801         226,189   

Ashmore Group PLC(a)

     3,697         15,614   

AstraZeneca PLC

     9,625         661,049   

Aviva PLC

     25,094         201,161   

BAE Systems PLC

     31,891         247,837   

Balfour Beatty PLC

     10,972         39,107   

Berkeley Group Holdings PLC

     1,813         71,026   

BHP Billiton PLC

     22,461         491,315   

BP PLC

     228,505         1,481,356   

British American Tobacco PLC

     15,739         815,073   

British Land Co. PLC (The)

     11,078         136,907   

BT Group PLC

     47,715         310,248   

Carillion PLC(a)

     3,169         15,379   

Centrica PLC

     62,789         235,822   

Cobham PLC

     4,865         21,970   

Croda International PLC

     1,500         60,991   

DS Smith PLC

     6,499         33,304   

G4S PLC

     5,908         25,943   

GlaxoSmithKline PLC

     52,303         1,200,374   

Hargreaves Lansdown PLC

     1,875         32,065   

HSBC Holdings PLC

     131,119         1,117,270   

ICAP PLC

     10,134         79,282   

IG Group Holdings PLC

     6,335         66,677   

IMI PLC

     1,160         21,956   

Imperial Tobacco Group PLC

     8,669         381,313   

Inmarsat PLC

     7,861         108,003   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      57   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

J Sainsbury PLC

     13,144       $ 50,576   

Kingfisher PLC

     16,013         90,474   

Legal & General Group PLC

     65,273         269,957   

Man Group PLC

     23,858         72,180   

Marks & Spencer Group PLC

     14,067         111,721   

Melrose Industries PLC

     6,443         26,542   

Mondi PLC

     1,593         30,695   

National Grid PLC

     35,447         455,015   

Old Mutual PLC

     34,395         113,403   

Pearson PLC

     5,670         122,132   

Pennon Group PLC

     3,964         48,606   

Persimmon PLC*

     2,124         52,436   

Rexam PLC

     5,346         45,950   

Rio Tinto PLC

     9,347         384,633   

Royal Dutch Shell PLC Class A

     34,608         1,031,622   

Sage Group PLC (The)

     7,697         53,326   

Segro PLC

     18,543         114,761   

Severn Trent PLC

     3,121         95,396   

Sky PLC

     12,200         179,841   

Smiths Group PLC

     1,539         25,542   

SSE PLC

     10,871         241,747   

Standard Chartered PLC

     11,852         192,394   

Standard Life PLC

     21,631         152,722   

TalkTalk Telecom Group PLC(a)

     9,064         46,300   

Tate & Lyle PLC

     4,764         42,256   

Unilever PLC

     8,882         371,167   

United Utilities Group PLC

     9,735         134,834   

Vodafone Group PLC

     389,567         1,274,890   

William Hill PLC

     4,575         25,190   

WM Morrison Supermarkets PLC

     47,441         136,275   
     

 

 

 
Total United Kingdom         14,374,890   
United States – 22.4%      

AGL Resources, Inc.

     1,738         86,292   

Alliant Energy Corp.

     184         11,592   

Altria Group, Inc.

     16,544         827,531   

Ameren Corp.(a)

     2,760         116,472   

American Campus Communities, Inc.

     364         15,605   

American Eagle Outfitters, Inc.(a)

     834         14,245   

American Electric Power Co., Inc.(a)

     4,940         277,875   

AT&T, Inc.(a)

     45,571         1,487,893   

AvalonBay Communities, Inc.(a)

     437         76,147   

CA, Inc.(a)

     2,364         77,090   

Cablevision Systems Corp. Class A(a)

     3,109         56,895   

CBL & Associates Properties, Inc.

     707         13,999   

CenterPoint Energy, Inc.(a)

     2,346         47,882   

CenturyLink, Inc.(a)

     7,602         262,649   

Chevron Corp.

     12,382         1,299,862   

Cincinnati Financial Corp.(a)

     1,873         99,793   

CME Group, Inc.(a)

     1,942         183,927   

Coach, Inc.(a)

     1,776         73,580   

ConAgra Foods, Inc.(a)

     1,383         50,521   

ConocoPhillips

     9,613         598,505   

Consolidated Edison, Inc.

     2,458         149,938   

CVR Energy, Inc.(a)

     1,155         49,157   
     

Darden Restaurants, Inc.(a)

     380       26,349   

Diamond Offshore Drilling, Inc.(a)

     2,964         79,406   

Diebold, Inc.(a)

     848         30,070   

Digital Realty Trust, Inc.(a)

     834         55,011   

Dominion Resources, Inc.(a)

     3,733         264,558   

DTE Energy Co.

     1,369         110,465   

Duke Energy Corp.

     5,169         396,876   

Eli Lilly & Co.

     7,468         542,550   

Entergy Corp.

     1,267         98,180   

Equity One, Inc.

     467         12,464   

Equity Residential

     950         73,967   

Eversource Energy(a)

     1,288         65,070   

Exelon Corp.(a)

     6,638         223,103   

FirstEnergy Corp.(a)

     1,022         35,831   

Ford Motor Co.(a)

     21,297         343,734   

Freeport-McMoRan, Inc.(a)

     7,119         134,905   

Frontier Communications Corp.(a)

     18,297         128,994   

General Electric Co.(a)

     56,752         1,408,017   

General Mills, Inc.(a)

     2,548         144,217   

Great Plains Energy, Inc.(a)

     3,021         80,600   

Hancock Holding Co.(a)

     2,401         71,694   

Hawaiian Electric Industries, Inc.

     2,303         73,972   

HCP, Inc.(a)

     2,878         124,358   

Health Care REIT, Inc.(a)

     2,690         208,098   

HollyFrontier Corp.(a)

     3,329         134,059   

Hospitality Properties Trust

     3,193         105,337   

Integrys Energy Group, Inc.(a)

     1,445         104,069   

Kimberly-Clark Corp.

     1,105         118,357   

Kimco Realty Corp.(a)

     5,098         136,881   

Kinder Morgan, Inc.(a)

     8,349         351,159   

Kraft Foods Group, Inc.(a)

     2,973         258,993   

Leggett & Platt, Inc.(a)

     3,225         148,640   

Leidos Holdings, Inc.(a)

     299         12,546   

Lexington Realty Trust(a)

     2,052         20,171   

Liberty Property Trust

     1,106         39,484   

Lockheed Martin Corp.(a)

     2,543         516,127   

Lorillard, Inc.

     3,434         224,412   

Macerich Co. (The)(a)

     1,607         135,518   

Mattel, Inc.(a)

     2,038         46,568   

Maxim Integrated Products, Inc.

     1,679         58,446   

McDonald’s Corp.

     5,232         509,806   

Medical Properties Trust, Inc.(a)

     808         11,910   

Merck & Co., Inc.

     16,839         967,906   

Microchip Technology, Inc.(a)

     616         30,122   

New York Community Bancorp, Inc.(a)

     5,491         91,864   

NextEra Energy, Inc.(a)

     1,676         174,388   

Old Republic International Corp.(a)

     3,645         54,456   

Paychex, Inc.(a)

     4,650         230,710   

PBF Energy, Inc. Class A(a)

     896         30,392   

Pepco Holdings, Inc.

     3,039         81,536   

Pfizer, Inc.(a)

     41,650         1,449,003   

PG&E Corp.

     2,433         129,119   

Philip Morris International, Inc.

     12,044         907,275   

Piedmont Natural Gas Co., Inc.

     1,240         45,768   

 

See Notes to Financial Statements.

 

58   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Pinnacle West Capital Corp.(a)

     1,198       $ 76,372   

Plum Creek Timber Co., Inc.(a)

     1,904         82,729   

PPL Corp.(a)

     5,042         169,714   

Prologis, Inc.(a)

     1,893         82,459   

Public Service Enterprise Group, Inc.(a)

     3,920         164,326   

Public Storage

     611         120,453   

R.R. Donnelley & Sons Co.(a)

     3,014         57,839   

Rayonier, Inc.(a)

     1,033         27,850   

Realty Income Corp.(a)

     1,178         60,785   

Reynolds American, Inc.(a)

     5,948         409,877   

SCANA Corp.(a)

     1,924         105,801   

Senior Housing Properties Trust(a)

     3,199         70,986   

Southern Co. (The)(a)

     6,464         286,226   

Spectra Energy Corp.(a)

     5,296         191,556   

Staples, Inc.(a)

     3,533         57,535   

Sysco Corp.(a)

     4,264         160,881   

TECO Energy, Inc.(a)

     5,722         111,007   

Thomson Reuters Corp.(a)

     6,216         252,027   

UIL Holdings Corp.(a)

     415         21,339   

Ventas, Inc.(a)

     1,631         119,096   

Verizon Communications, Inc.(a)

     31,764         1,544,683   

Vornado Realty Trust

     1,157         129,584   

W.P. Carey, Inc.(a)

     428         29,104   

Waste Management, Inc.

     3,564         193,276   

Western Union Co. (The)(a)

     1,723         35,856   

Weyerhaeuser Co.

     1,134         37,592   

WGL Holdings, Inc.(a)

     243         13,705   

Williams Cos., Inc. (The)(a)

     4,064         205,598   

Windstream Holdings, Inc.(a)

     9,931         73,489   

Wisconsin Energy Corp.(a)

     815         40,342   

Xcel Energy, Inc.(a)

     2,654         92,386   
     

 

 

 
Total United States         22,759,434   
TOTAL COMMON STOCKS
(Cost: $90,141,112)
         100,986,270   
RIGHTS – 0.0%      
Spain – 0.0%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 4/14/15*

     19,496         2,806   

Telefonica S.A., expiring 4/10/15*

     41,456         6,678   

 

 

TOTAL RIGHTS

(Cost: $2,760)

  

  

     9,484   
EXCHANGE-TRADED FUNDS – 0.1%      
United States – 0.1%      

WisdomTree DEFA Equity Income Fund(a)(b)

     2,519         108,896   

WisdomTree Equity Income Fund(b)

     609         36,948   

 

 

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $147,605)

  

  

     145,844   
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.1%      
United States – 12.1%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

(Cost: $12,301,912)(d)

     12,301,912       12,301,912   

TOTAL INVESTMENTS IN SECURITIES – 111.5%

(Cost: $102,593,389)

  

  

     113,443,510   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (11.5)%

        (11,725,519
     

 

 

 
NET ASSETS – 100.0%             $ 101,717,991   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 8).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $15,164,926 and the total market value of the collateral held by the Fund was $15,707,694. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $3,405,782. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

CVA – Certificaten Van Aandelen (Certificate of Stock)

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      59   


Table of Contents

Schedule of Investments

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 96.9%      
Australia – 3.1%      

Brambles Ltd.

     74,539       $ 655,996   

Crown Resorts Ltd.(a)

     26,301         268,639   

CSL Ltd.

     11,494         808,891   

Flight Centre Travel Group Ltd.(a)

     5,171         156,633   

Ramsay Health Care Ltd.

     7,369         378,531   

REA Group Ltd.(a)

     2,494         91,987   

Seek Ltd.(a)

     13,096         171,280   

TPG Telecom Ltd.(a)

     21,055         147,499   
     

 

 

 
Total Australia         2,679,456   
Austria – 0.2%      

ams AG

     727         34,917   

Andritz AG

     2,178         130,245   
     

 

 

 
Total Austria         165,162   
Belgium – 0.3%      

Umicore S.A.

     5,479         228,787   
Brazil – 9.0%      

Ambev S.A.

     687,339         3,967,775   

BB Seguridade Participacoes S.A.

     107,432         1,102,522   

CCR S.A.

     112,232         572,379   

CETIP S.A. – Mercados Organizados

     17,321         172,608   

Cielo S.A.

     70,534         1,008,322   

Estacio Participacoes S.A.

     3,082         17,878   

Localiza Rent a Car S.A.

     3,830         43,500   

Lojas Renner S.A.

     2,341         66,492   

M. Dias Branco S.A.

     1,930         51,999   

Natura Cosmeticos S.A.

     28,053         236,108   

Tractebel Energia S.A.

     30,604         338,012   

WEG S.A.

     22,316         222,036   
     

 

 

 
Total Brazil         7,799,631   
Canada – 4.7%      

Alimentation Couche-Tard, Inc. Class B

     3,406         135,729   

Canadian National Railway Co.

     15,593         1,044,294   

Canadian Pacific Railway Ltd.(a)

     1,346         246,457   

CI Financial Corp.(a)

     12,964         362,460   

Constellation Software, Inc.

     531         183,538   

Gildan Activewear, Inc.(a)

     850         25,060   

Imperial Oil Ltd.(a)

     13,602         542,899   

Jean Coutu Group PJC, Inc. (The) Class A

     4,994         106,741   

Linamar Corp.

     531         32,740   

Magna International, Inc.

     7,650         408,987   

Mullen Group Ltd.(a)

     7,651         121,365   

Restaurant Brands International, Inc.

     1,365         52,337   

Saputo, Inc.

     8,362         229,831   

Secure Energy Services, Inc.

     1,700         21,691   

ShawCor Ltd.

     1,681         46,720   

Silver Wheaton Corp.

     7,230         137,350   

Stantec, Inc.(a)

     1,275         30,513   

Vermilion Energy, Inc.(a)

     7,226         303,817   
     

 

 

 
Total Canada         4,032,529   
Chile – 0.1%      

Cia Cervecerias Unidas S.A.

     11,522       119,939   
China – 3.3%      

Anhui Conch Cement Co., Ltd. Class H(a)

     33,500         126,818   

China Everbright International Ltd.

     62,000         103,799   

China Overseas Land & Investment Ltd.

     262,000         846,519   

China South City Holdings Ltd.(a)

     388,000         127,114   

CSPC Pharmaceutical Group Ltd.

     100,000         84,612   

Dongfeng Motor Group Co., Ltd. Class H

     168,000         269,561   

Franshion Properties China Ltd.

     614,000         186,107   

Great Wall Motor Co., Ltd. Class H

     33,500         236,784   

Guangzhou Automobile Group Co., Ltd. Class H

     68,000         65,079   

Lenovo Group Ltd.(a)

     310,000         452,622   

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

     72,000         63,428   

Yuexiu Property Co., Ltd.

     716,000         140,373   

Zhuzhou CSR Times Electric Co., Ltd. Class H

     24,000         157,564   
     

 

 

 
Total China         2,860,380   
Denmark – 5.4%      

Coloplast A/S Class B

     7,274         550,047   

GN Store Nord A/S(a)

     1,993         44,467   

Novo Nordisk A/S Class B

     67,700         3,620,529   

Novozymes A/S Class B

     5,055         231,094   

Pandora A/S

     2,101         191,343   
     

 

 

 
Total Denmark         4,637,480   
Finland – 1.2%      

Kone Oyj Class B(a)

     23,975         1,062,925   
France – 1.4%      

Cie Generale des Etablissements Michelin

     7,021         698,330   

Faurecia

     1,584         69,239   

Iliad S.A.

     220         51,344   

Ingenico

     787         86,468   

Plastic Omnium S.A.

     2,889         76,282   

Valeo S.A.

     1,640         244,917   
     

 

 

 
Total France         1,226,580   
Germany – 5.3%      

Continental AG

     3,645         862,415   

CTS Eventim AG & Co. KGaA

     1,659         52,206   

Fielmann AG

     2,637         176,782   

Hugo Boss AG

     2,412         293,372   

Infineon Technologies AG

     25,165         300,813   

KUKA AG(a)

     284         21,876   

ProSiebenSat.1 Media AG Registered Shares

     9,750         478,600   

Symrise AG

     2,334         147,495   

United Internet AG Registered Shares

     3,556         161,951   

Volkswagen AG

     7,953         2,050,391   

Wirecard AG

     861         36,397   
     

 

 

 
Total Germany         4,582,298   
Hong Kong – 1.0%      

Hong Kong Exchanges and Clearing Ltd.

     33,300         816,066   

Techtronic Industries Co., Ltd.

     25,500         86,173   
     

 

 

 
Total Hong Kong         902,239   

 

See Notes to Financial Statements.

 

60   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  
India – 0.6%      

Infosys Ltd. ADR(a)

     15,376       $ 539,390   
Indonesia – 6.0%      

Adaro Energy Tbk PT

     1,206,500         87,662   

Astra Agro Lestari Tbk PT

     72,200         134,184   

Astra International Tbk PT

     1,367,296         896,716   

Bank Rakyat Indonesia Persero Tbk PT

     853,289         866,341   

Bumi Serpong Damai Tbk PT

     97,000         15,839   

Charoen Pokphand Indonesia Tbk PT

     289,153         78,398   

Gudang Garam Tbk PT

     38,900         151,732   

Indocement Tunggal Prakarsa Tbk PT

     213,200         357,508   

Indofood CBP Sukses Makmur Tbk PT

     144,700         162,407   

Jasa Marga Persero Tbk PT

     114,001         62,777   

Kalbe Farma Tbk PT

     645,100         92,016   

Media Nusantara Citra Tbk PT

     297,000         65,079   

Semen Indonesia Persero Tbk PT

     252,400         263,500   

Surya Citra Media Tbk PT

     277,900         72,158   

Tambang Batubara Bukit Asam Persero Tbk PT

     118,500         97,428   

Telekomunikasi Indonesia Persero Tbk PT

     4,167,300         921,109   

Tower Bersama Infrastructure Tbk PT

     68,200         49,422   

Unilever Indonesia Tbk PT

     251,700         763,281   

Vale Indonesia Tbk PT

     113,900         28,181   

XL Axiata Tbk PT

     120,100         39,957   
     

 

 

 
Total Indonesia         5,205,695   
Ireland – 0.2%      

Glanbia PLC

     3,908         72,465   

Paddy Power PLC

     1,256         107,524   
     

 

 

 
Total Ireland         179,989   
Italy – 0.3%      

Brembo SpA

     1,259         51,409   

De’ Longhi

     4,175         90,531   

Salvatore Ferragamo SpA

     3,430         109,852   
     

 

 

 
Total Italy         251,792   
Japan – 2.0%      

ABC-Mart, Inc.(a)

     900         52,758   

CyberAgent, Inc.

     600         34,472   

Fast Retailing Co., Ltd.(a)

     900         348,931   

Japan Aviation Electronics Industry Ltd.

     1,000         24,315   

Kakaku.com, Inc.(a)

     3,200         53,313   

M3, Inc.

     2,000         42,543   

Nihon Kohden Corp.

     1,200         32,771   

Nitori Holdings Co., Ltd.

     900         61,088   

Pigeon Corp.(a)

     900         75,872   

Sanrio Co., Ltd.(a)

     2,700         72,383   

SCSK Corp.

     3,300         92,595   

SoftBank Corp.

     9,500         552,929   

Start Today Co., Ltd.

     1,300         34,309   

Sysmex Corp.

     2,100         116,798   

Unicharm Corp.

     5,300         139,300   
     

 

 

 
Total Japan         1,734,377   
Malaysia – 0.9%      

Bumi Armada Bhd*

     134,000         37,267   

Dialog Group Bhd

     49,376       21,065   

Petronas Gas Bhd

     78,800         489,801   

Westports Holdings Bhd

     187,300         203,307   
     

 

 

 
Total Malaysia         751,440   
Mexico – 0.5%      

Controladora Comercial Mexicana S.A.B. de C.V.

     18,773         60,407   

Kimberly-Clark de Mexico S.A.B. de C.V. Class A(a)

     191,769         402,565   
     

 

 

 
Total Mexico         462,972   
Netherlands – 0.7%      

Arcadis N.V.

     2,544         81,749   

ASML Holding N.V.

     5,342         543,839   
     

 

 

 
Total Netherlands         625,588   
New Zealand – 0.2%      

Fisher & Paykel Healthcare Corp., Ltd.

     25,075         123,729   

Ryman Healthcare Ltd.

     13,403         78,799   
     

 

 

 
Total New Zealand         202,528   
Norway – 0.1%      

Schibsted ASA

     1,258         72,928   
Philippines – 1.5%      

Ayala Land, Inc.

     229,500         197,668   

DMCI Holdings, Inc.

     617,620         214,163   

Energy Development Corp.

     485,400         92,302   

GT Capital Holdings, Inc.

     730         21,851   

International Container Terminal Services, Inc.

     16,280         39,334   

Jollibee Foods Corp.

     5,810         28,595   

Nickel Asia Corp.

     43,050         23,114   

Semirara Mining and Power Co.

     53,500         199,877   

SM Prime Holdings, Inc.

     409,400         182,994   

Universal Robina Corp.

     53,670         271,352   
     

 

 

 
Total Philippines         1,271,250   
Poland – 0.4%      

KGHM Polska Miedz S.A.

     11,654         368,846   
Russia – 1.7%      

Magnit PJSC GDR Reg S

     8,999         459,399   

NovaTek OAO GDR Reg S

     10,390         779,250   

PhosAgro OAO GDR Reg S

     17,838         201,569   

TMK OAO GDR Reg S

     7,787         23,361   
     

 

 

 
Total Russia         1,463,579   
Singapore – 0.5%      

First Resources Ltd.(a)

     78,000         107,472   

Singapore Exchange Ltd.

     53,000         314,515   
     

 

 

 
Total Singapore         421,987   
South Africa – 8.9%      

Aspen Pharmacare Holdings Ltd.

     3,381         107,154   

AVI Ltd.

     24,321         165,703   

Capitec Bank Holdings Ltd.

     3,977         172,328   

Discovery Ltd.

     10,983         113,127   

Foschini Group Ltd. (The)

     11,532         171,863   

Life Healthcare Group Holdings Ltd.

     43,952         153,481   

Massmart Holdings Ltd.

     10,624         131,526   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      61   


Table of Contents

Schedule of Investments (continued)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Mr. Price Group Ltd.

     4,591       $ 98,521   

MTN Group Ltd.

     121,588         2,057,199   

Nampak Ltd.

     34,558         116,085   

Naspers Ltd. Class N

     1,577         243,391   

Pick n Pay Stores Ltd.

     11,499         46,931   

Pioneer Foods Ltd.

     5,115         75,081   

RMB Holdings Ltd.

     80,408         463,750   

Sasol Ltd.

     35,599         1,211,005   

Shoprite Holdings Ltd.

     20,876         283,033   

Tiger Brands Ltd.

     7,614         191,911   

Truworths International Ltd.

     23,306         169,771   

Vodacom Group Ltd.(a)

     135,682         1,485,909   

Woolworths Holdings Ltd.

     30,423         216,316   
     

 

 

 
Total South Africa         7,674,085   
South Korea – 1.4%      

Amorepacific Corp.

     22         66,528   

CJ Corp.

     215         34,107   

Daum Kakao Corp.

     187         19,451   

Hanssem Co., Ltd.

     61         10,144   

Hyundai Glovis Co., Ltd.

     264         53,778   

Kangwon Land, Inc.

     4,280         133,672   

Korea Zinc Co., Ltd.

     358         136,817   

LG Chem Ltd.

     1,753         357,094   

LG Household & Health Care Ltd.

     183         138,720   

NAVER Corp.

     49         29,635   

NCSoft Corp.

     206         33,701   

Paradise Co., Ltd.

     1,204         26,317   

S-1 Corp.

     785         59,364   

SK C&C Co., Ltd.

     454         95,142   
     

 

 

 
Total South Korea         1,194,470   
Spain – 3.4%      

Amadeus IT Holding S.A. Class A

     15,197         652,210   

Inditex S.A.

     68,845         2,209,312   

Prosegur Cia de Seguridad S.A.

     19,393         110,389   
     

 

 

 
Total Spain         2,971,911   
Sweden – 6.8%      

AAK AB

     1,139         63,989   

Assa Abloy AB Class B

     8,789         523,831   

Atlas Copco AB Class A

     34,199         1,107,575   

Boliden AB

     5,556         110,423   

Elekta AB Class B(a)

     15,053         135,186   

Hennes & Mauritz AB Class B

     56,489         2,289,285   

Hexpol AB

     804         81,061   

Intrum Justitia AB

     3,091         86,737   

JM AB

     3,205         106,734   

Nibe Industrier AB Class B(a)

     2,040         50,739   

Saab AB Class B

     4,032         107,766   

Sandvik AB

     83,419         932,945   

Trelleborg AB Class B

     11,967         236,730   
     

 

 

 
Total Sweden         5,833,001   
Switzerland – 3.2%      

Geberit AG Registered Shares

     1,379         518,208   

OC Oerlikon Corp. AG Registered Shares*

     13,876       161,432   

Partners Group Holding AG

     994         297,289   

Sonova Holding AG Registered Shares

     1,188         165,486   

Syngenta AG Registered Shares

     4,651         1,583,533   
     

 

 

 
Total Switzerland         2,725,948   
Taiwan – 9.4%      

Advanced Semiconductor Engineering, Inc.

     413,000         557,662   

Advantech Co., Ltd.

     20,000         152,445   

Catcher Technology Co., Ltd.

     20,000         209,652   

Chicony Electronics Co., Ltd.

     55,000         154,330   

Delta Electronics, Inc.

     104,000         656,440   

Eclat Textile Co., Ltd.

     6,000         78,907   

Giant Manufacturing Co., Ltd.

     10,000         96,516   

Hiwin Technologies Corp.

     3,000         22,196   

Largan Precision Co., Ltd.

     2,000         172,259   

MediaTek, Inc.

     80,000         1,082,774   

Merida Industry Co., Ltd.

     7,000         55,034   

Novatek Microelectronics Corp.

     37,000         191,563   

President Chain Store Corp.

     34,000         255,896   

Siliconware Precision Industries Co., Ltd.

     203,000         338,009   

Taiwan Semiconductor Manufacturing Co., Ltd.

     873,000         4,059,492   
     

 

 

 
Total Taiwan         8,083,175   
Thailand – 3.6%      

Bangkok Dusit Medical Services PCL NVDR

     266,500         161,341   

Bangkok Life Assurance PCL NVDR

     16,800         26,331   

BEC World PCL NVDR

     114,100         143,765   

Bumrungrad Hospital PCL NVDR

     18,200         85,015   

Central Pattana PCL NVDR

     77,450         101,751   

Charoen Pokphand Foods PCL NVDR

     203,900         140,988   

CP ALL PCL

     275,556         347,197   

Delta Electronics Thailand PCL NVDR

     88,900         205,585   

Home Product Center PCL NVDR

     69,240         17,342   

Intouch Holdings PCL NVDR

     233,453         554,218   

Minor International PCL NVDR

     34,227         36,815   

Siam Cement PCL (The) NVDR

     50,600         796,165   

Thai Union Frozen Products PCL NVDR

     207,520         128,185   

Total Access Communication PCL NVDR

     148,900         375,224   
     

 

 

 
Total Thailand         3,119,922   
Turkey – 1.6%      

Aselsan Elektronik Sanayi ve Ticaret AS

     3,242         15,358   

BIM Birlesik Magazalar AS

     7,354         130,568   

Coca-Cola Icecek AS

     2,799         47,378   

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     269,666         306,379   

Tofas Turk Otomobil Fabrikasi AS

     24,991         151,592   

Turk Telekomunikasyon AS

     226,360         601,534   

Ulker Biskuvi Sanayi AS

     12,037         90,399   
     

 

 

 
Total Turkey         1,343,208   
United Kingdom – 8.0%      

ARM Holdings PLC

     15,954         261,705   

Ashmore Group PLC(a)

     56,198         237,347   

Ashtead Group PLC

     9,424         151,651   

Berkeley Group Holdings PLC

     13,191         516,770   

 

See Notes to Financial Statements.

 

62   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Burberry Group PLC

     10,815       $ 278,231   

Carillion PLC

     39,710         192,706   

Croda International PLC

     7,010         285,030   

Daily Mail & General Trust PLC Class A Non-Voting Shares

     11,058         145,196   

Dunelm Group PLC

     5,184         64,644   

easyJet PLC

     15,227         425,417   

Fresnillo PLC

     13,666         138,460   

Hays PLC

     49,050         111,115   

Hikma Pharmaceuticals PLC

     2,965         93,753   

Howden Joinery Group PLC

     14,367         94,610   

IMI PLC

     15,184         287,394   

ITV PLC

     74,110         278,231   

Jardine Lloyd Thompson Group PLC

     8,221         127,777   

Melrose Industries PLC

     52,371         215,742   

Michael Page International PLC

     13,458         104,187   

Next PLC

     3,269         340,912   

Persimmon PLC*

     17,380         429,064   

Restaurant Group PLC (The)

     5,165         51,640   

Rightmove PLC

     1,733         77,102   

Sky PLC

     64,123         945,243   

Smith & Nephew PLC

     25,872         439,376   

Taylor Wimpey PLC

     75,830         174,371   

Telecity Group PLC

     5,571         72,364   

WH Smith PLC

     4,356         84,000   

Whitbread PLC

     3,732         290,581   
     

 

 

 
Total United Kingdom         6,914,619   

TOTAL COMMON STOCKS

(Cost: $78,016,963)

  

  

     83,710,106   
RIGHTS – 0.0%      
Philippines – 0.0%      

GT Capital Holdings, Inc., expiring 4/8/15*

     730         0   
South Africa – 0.0%      

Discovery Ltd., expiring 4/2/15*

     1,031         2,609   

TOTAL RIGHTS

(Cost: $0)

  

  

     2,609   
EXCHANGE-TRADED FUNDS AND NOTES – 2.6%      
United States – 2.6%      

iPath MSCI India Index ETN*

     28,815         2,135,768   

WisdomTree DEFA Fund(a)(b)

     1,356         70,241   

WisdomTree Emerging Markets Equity Income Fund(a)(b)

     1,129         47,982   

TOTAL EXCHANGE-TRADED FUNDS AND NOTES

(Cost: $1,938,715)

  

  

     2,253,991   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.6%      
United States – 6.6%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

(Cost: $5,648,910)(d)

     5,648,910       5,648,910   

TOTAL INVESTMENTS IN SECURITIES – 106.1%

(Cost: $85,604,588)

  

  

     91,615,616   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (6.1)%

        (5,262,678
     

 

 

 
NET ASSETS – 100.0%             $ 86,352,938   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 8).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $5,749,279 and the total market value of the collateral held by the Fund was $6,036,700. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $387,790. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      63   


Table of Contents

Schedule of Investments

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.7%      
Australia – 14.4%      

Abacus Property Group

     130,815       $ 290,814   

BWP Trust

     163,641         375,041   

Charter Hall Group

     73,743         287,313   

Charter Hall Retail REIT

     112,437         368,495   

Cromwell Property Group

     596,161         516,921   

Dexus Property Group

     190,273         1,101,822   

Federation Centres

     425,232         987,562   

Goodman Group

     264,239         1,281,845   

GPT Group (The)

     371,384         1,296,595   

Investa Office Fund

     132,670         395,278   

Lend Lease Group

     109,033         1,386,042   

Mirvac Group

     768,719         1,180,399   

Novion Property Group

     791,193         1,517,124   

Stockland

     569,394         1,957,449   

Westfield Corp.

     627,585         4,578,687   
     

 

 

 
Total Australia         17,521,387   
Belgium – 0.7%      

Befimmo S.A.

     6,175         419,139   

Cofinimmo S.A.

     3,577         419,321   
     

 

 

 
Total Belgium         838,460   
Brazil – 0.5%      

BR Malls Participacoes S.A.

     30,628         162,335   

BR Properties S.A.

     56,351         230,439   

Iguatemi Empresa de Shopping Centers S.A.

     9,061         79,948   

Multiplan Empreendimentos Imobiliarios S.A.

     8,716         152,852   
     

 

 

 
Total Brazil         625,574   
Canada – 8.7%      

Allied Properties Real Estate Investment Trust

     11,280         358,751   

Artis Real Estate Investment Trust

     37,943         448,785   

Boardwalk Real Estate Investment Trust

     5,755         267,870   

Brookfield Asset Management, Inc. Class A

     38,115         2,038,618   

Calloway Real Estate Investment Trust

     29,964         688,474   

Canadian Apartment Properties REIT

     21,918         505,334   

Canadian Real Estate Investment Trust

     9,617         353,167   

Chartwell Retirement Residences

     33,221         324,210   

Cominar Real Estate Investment Trust

     40,241         609,731   

Crombie Real Estate Investment Trust

     32,630         347,298   

Dream Office Real Estate Investment Trust

     35,553         739,693   

First Capital Realty, Inc.(a)

     39,834         620,549   

Granite Real Estate Investment Trust

     10,947         384,463   

H&R Real Estate Investment Trust

     67,901         1,250,794   

Morguard Real Estate Investment Trust

     10,814         147,033   

RioCan Real Estate Investment Trust

     66,899         1,530,252   
     

 

 

 
Total Canada         10,615,022   
China – 4.4%      

China Overseas Grand Oceans Group Ltd.(a)

     235,300         109,864   

China Overseas Land & Investment Ltd.

     680,049         2,197,229   

China South City Holdings Ltd.(a)

     1,068,000         349,891   

Franshion Properties China Ltd.

     1,782,000         540,136   

Poly Property Group Co., Ltd.

     1,026,000         498,903   
     

Shenzhen Investment Ltd.

     1,406,000       520,469   

Sino-Ocean Land Holdings Ltd.

     1,097,200         663,722   

Yuexiu Property Co., Ltd.

     2,048,000         401,514   
     

 

 

 
Total China         5,281,728   
Finland – 0.2%      

Citycon Oyj

     16,516         53,640   

Sponda Oyj(a)

     47,414         203,182   
     

 

 

 
Total Finland         256,822   
France – 11.6%      

Fonciere Des Regions

     13,658         1,352,013   

Fonciere Des Regions*

     853         82,222   

Gecina S.A.

     11,299         1,527,205   

ICADE

     17,992         1,624,325   

Klepierre

     65,089         3,193,985   

Mercialys S.A.

     28,221         716,361   

Nexity S.A.

     16,057         671,098   

Unibail-Rodamco SE(a)

     18,117         4,884,844   
     

 

 

 
Total France         14,052,053   
Germany – 1.4%      

Deutsche Euroshop AG

     4,438         220,542   

Deutsche Wohnen AG Bearer Shares

     23,680         606,306   

LEG Immobilien AG*

     6,379         506,087   

TAG Immobilien AG(a)

     29,957         413,433   
     

 

 

 
Total Germany         1,746,368   
Hong Kong – 20.9%      

Champion REIT

     1,608,000         765,314   

CK Hutchison Holdings Ltd.

     227,073         4,650,969   

Hang Lung Group Ltd.

     101,649         463,468   

Hang Lung Properties Ltd.

     523,283         1,471,365   

Henderson Land Development Co., Ltd.

     218,037         1,531,283   

Hui Xian Real Estate Investment Trust

     838,634         457,220   

Hysan Development Co., Ltd.

     134,115         588,144   

Link REIT (The)

     154,115         950,168   

New World Development Co., Ltd.

     1,034,497         1,199,545   

Sino Land Co., Ltd.

     871,735         1,421,212   

Sun Hung Kai Properties Ltd.

     288,810         4,455,237   

Swire Pacific Ltd. Class A

     118,778         1,619,341   

Swire Properties Ltd.

     546,941         1,781,268   

Wharf Holdings Ltd. (The)

     345,872         2,415,691   

Wheelock & Co., Ltd.

     208,231         1,064,918   

Yuexiu Real Estate Investment Trust

     980,000         558,696   
     

 

 

 
Total Hong Kong         25,393,839   
Indonesia – 0.4%      

Bumi Serpong Damai Tbk PT

     820,124         133,917   

Ciputra Development Tbk PT

     1,172,200         132,237   

Lippo Karawaci Tbk PT

     1,145,200         118,242   

Summarecon Agung Tbk PT

     1,123,400         147,782   
     

 

 

 
Total Indonesia         532,178   
Israel – 0.8%      

Azrieli Group

     10,811         445,033   

Gazit-Globe Ltd.

     23,351         288,900   

 

See Notes to Financial Statements.

 

64   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Melisron Ltd.

     6,777       $ 258,012   
     

 

 

 
Total Israel         991,945   
Italy – 0.2%      

Beni Stabili SpA SIIQ(a)

     339,535         266,202   
Japan – 5.7%      

Aeon Mall Co., Ltd.

     63,030         1,250,877   

Daikyo, Inc.

     47,000         70,936   

Daito Trust Construction Co., Ltd.(a)

     9,500         1,063,477   

Daiwa House Industry Co., Ltd.(a)

     74,700         1,476,870   

Hulic Co., Ltd.(a)

     17,300         194,891   

Mitsubishi Estate Co., Ltd.

     28,589         664,395   

Mitsui Fudosan Co., Ltd.

     26,308         774,268   

Nomura Real Estate Holdings, Inc.

     16,565         299,185   

NTT Urban Development Corp.(a)

     20,400         204,468   

Sumitomo Real Estate Sales Co., Ltd.

     5,780         157,362   

Sumitomo Realty & Development Co., Ltd.(a)

     10,279         370,661   

Tokyo Tatemono Co., Ltd.

     18,000         132,083   

Tokyu Fudosan Holdings Corp.(a)

     37,368         255,508   
     

 

 

 
Total Japan         6,914,981   
Malaysia – 1.2%      

IGB Real Estate Investment Trust REIT

     561,800         201,754   

IOI Properties Group Bhd

     396,100         233,157   

Mah Sing Group Bhd

     282,664         157,226   

SP Setia Bhd Group

     322,355         301,161   

Sunway Bhd

     221,300         218,103   

Sunway Real Estate Investment Trust

     427,196         181,098   

UEM Sunrise Bhd

     459,100         171,070   
     

 

 

 
Total Malaysia         1,463,569   
Mexico – 0.7%      

Concentradora Fibra Danhos S.A. de C.V.(a)

     104,761         250,861   

Corp. Inmobiliaria Vesta S.A.B. de C.V.(a)

     22,267         41,438   

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

     203,952         540,998   

Mexico Real Estate Management S.A. de C.V.*

     29,858         46,901   
     

 

 

 
Total Mexico         880,198   
Netherlands – 0.8%      

Eurocommercial Properties N.V. CVA

     10,207         467,597   

Wereldhave N.V.

     6,791         455,846   
     

 

 

 
Total Netherlands         923,443   
Philippines – 1.1%      

Ayala Land, Inc.

     694,700         598,344   

Robinsons Land Corp.

     294,900         203,197   

SM Prime Holdings, Inc.

     1,240,675         554,557   
     

 

 

 
Total Philippines         1,356,098   
Russia – 0.2%      

LSR Group OJSC GDR Reg S

     81,098         184,093   
Singapore – 9.5%      

Ascendas Real Estate Investment Trust

     482,601         911,232   

Ascott Residence Trust

     293,673         266,547   

CapitaCommercial Trust

     616,535         793,311   

CapitaLand Ltd.(a)

     445,789         1,163,465   

CapitaMall Trust

     790,486         1,267,820   
     

CapitaRetail China Trust

     211,200       247,891   

CDL Hospitality Trusts

     239,432         306,337   

City Developments Ltd.

     48,503         355,719   

Fortune Real Estate Investment Trust

     276,000         292,979   

Frasers Centrepoint Ltd.

     177,700         228,003   

Frasers Centrepoint Trust

     155,000         228,257   

Global Logistic Properties Ltd.

     327,700         633,087   

Keppel REIT

     690,900         604,418   

Mapletree Commercial Trust

     445,690         519,869   

Mapletree Greater China Commercial Trust

     766,000         580,768   

Mapletree Industrial Trust

     457,018         526,419   

Mapletree Logistics Trust

     678,287         615,636   

SPH REIT

     240,800         182,571   

Starhill Global REIT

     603,284         367,239   

Suntec Real Estate Investment Trust(a)

     396,628         536,375   

United Industrial Corp., Ltd.

     33,600         84,018   

UOL Group Ltd.

     65,100         362,589   

Wing Tai Holdings Ltd.(a)

     248,898         348,388   

Yanlord Land Group Ltd.

     147,100         105,094   
     

 

 

 
Total Singapore         11,528,032   
South Africa – 3.2%      

Capital Property Fund

     373,564         431,643   

Growthpoint Properties Ltd.

     597,721         1,414,353   

Hyprop Investments Ltd.

     55,420         539,735   

Redefine Properties Ltd.

     861,804         881,987   

Resilient Property Income Fund Ltd.

     73,510         630,974   
     

 

 

 
Total South Africa         3,898,692   
Sweden – 1.5%      

Atrium Ljungberg AB Class B

     10,708         163,028   

Castellum AB

     28,965         437,630   

Fabege AB

     27,283         391,653   

Hufvudstaden AB Class A(a)

     18,887         259,081   

Kungsleden AB

     16,587         128,383   

Wallenstam AB Class B

     13,592         224,431   

Wihlborgs Fastigheter AB

     13,562         261,834   
     

 

 

 
Total Sweden         1,866,040   
Switzerland – 1.6%      

PSP Swiss Property AG Registered Shares*

     8,118         765,999   

Swiss Prime Site AG Registered Shares*

     13,305         1,157,492   
     

 

 

 
Total Switzerland         1,923,491   
Taiwan – 0.7%      

Highwealth Construction Corp.

     103,700         245,248   

Ruentex Development Co., Ltd.

     369,782         567,259   
     

 

 

 
Total Taiwan         812,507   
Thailand – 1.3%      

Central Pattana PCL NVDR

     263,674         346,406   

Land & Houses PCL NVDR

     1,697,111         508,507   

Pruksa Real Estate PCL NVDR

     249,193         222,084   

Quality Houses PCL NVDR

     1,738,506         201,953   

Supalai PCL NVDR

     299,321         197,769   

WHA Corp. PCL NVDR

     109,763         106,255   
     

 

 

 
Total Thailand         1,582,974   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      65   


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Turkey – 0.8%      

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     811,101       $ 921,528   
United Kingdom – 7.2%      

Big Yellow Group PLC

     20,996         201,817   

British Land Co. PLC (The)

     162,402         2,007,040   

Capital & Counties Properties PLC

     16,753         99,678   

Countrywide PLC

     25,622         195,504   

Derwent London PLC

     7,570         384,778   

Great Portland Estates PLC

     20,337         244,994   

Hammerson PLC

     101,456         1,001,567   

Intu Properties PLC

     233,323         1,205,362   

Land Securities Group PLC

     94,110         1,750,521   

Londonmetric Property PLC

     138,966         333,786   

Savills PLC

     11,737         141,480   

Segro PLC

     135,031         835,691   

Shaftesbury PLC

     18,796         231,732   

Unite Group PLC (The)

     15,900         138,199   
     

 

 

 
Total United Kingdom         8,772,149   

TOTAL COMMON STOCKS

(Cost: $109,637,281)

  

  

     121,149,373   
RIGHTS – 0.0%      
Australia – 0.0%      
Abacus Property Group, expiring 4/2/15*
(Cost $0)
     10,901         750   
WARRANTS – 0.0%      
Malaysia – 0.0%      

Mah Sing Group Bhd, expiring 2/21/20*

     19,825         1,071   
Thailand – 0.0%      

WHA Corp. PCL, expiring 3/4/20*

     9,854         2,362   

TOTAL WARRANTS

(Cost: $0)

  

  

     3,433   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.1%      
United States – 9.1%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

(Cost: $11,108,311)(c)

     11,108,311         11,108,311   

TOTAL INVESTMENTS IN SECURITIES – 108.8%

(Cost: $120,745,592)

  

  

     132,261,867   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (8.8)%

        (10,701,866
     

 

 

 
NET ASSETS – 100.0%       $ 121,560,001   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $10,757,826 and the total market value of the collateral held by the Fund was $11,336,718. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $228,407. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

66   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Global ex-U.S. Utilities Fund (DBU)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.0%      
Australia – 2.2%      

AGL Energy Ltd.

     38,357       $ 445,403   
Austria – 0.7%      

Verbund AG(a)

     7,980         133,529   
Brazil – 4.8%      

Centrais Eletricas Brasileiras S.A.

     126,664         228,273   

Cia de Saneamento Basico do Estado de Sao Paulo

     36,198         200,578   

CPFL Energia S.A.

     49,593         317,472   

Equatorial Energia S.A.

     2,795         27,328   

Tractebel Energia S.A.

     16,851         186,115   
     

 

 

 
Total Brazil         959,766   
Canada – 8.9%      

Algonquin Power & Utilities Corp.(a)

     20,870         154,239   

Atco Ltd. Class I

     3,437         122,446   

Canadian Utilities Ltd. Class A

     5,550         174,278   

Capital Power Corp.(a)

     11,076         214,349   

Emera, Inc.

     9,945         323,517   

Fortis, Inc.(a)

     8,794         267,882   

Superior Plus Corp.(a)

     19,050         213,438   

TransAlta Corp.(a)

     34,515         320,214   
     

 

 

 
Total Canada         1,790,363   
Chile – 3.5%      

Aguas Andinas S.A. Class A

     201,643         118,210   

Colbun S.A.

     123,412         36,523   

E.CL S.A.

     52,930         83,103   

Empresa Nacional de Electricidad S.A.

     124,879         186,990   

Enersis S.A.

     871,625         285,676   
     

 

 

 
Total Chile         710,502   
China – 9.7%      

Beijing Jingneng Clean Energy Co., Ltd. Class H

     284,000         120,149   

China Longyuan Power Group Corp., Ltd. Class H

     62,100         67,522   

China Resources Power Holdings Co., Ltd.

     104,100         261,289   

Datang International Power Generation Co., Ltd. Class H

     578,000         295,969   

Guangdong Investment Ltd.

     162,600         213,080   

Huadian Fuxin Energy Corp., Ltd. Class H

     134,000         65,677   

Huadian Power International Corp., Ltd. Class H

     462,000         384,352   

Huaneng Power International, Inc. Class H

     392,640         464,905   

Huaneng Renewables Corp., Ltd. Class H

     222,000         80,461   
     

 

 

 
Total China         1,953,404   
Czech Republic – 1.9%      

CEZ AS

     15,935         389,721   
Finland – 1.9%      

Fortum Oyj

     17,873         375,466   
France – 8.6%      

Electricite de France S.A.

     11,737         281,608   

GDF Suez

     18,703         369,701   

Rubis SCA(a)

     4,286         272,093   

Suez Environnement Co.

     22,840         393,096   

Veolia Environnement S.A.

     22,123         418,534   
     

 

 

 
Total France         1,735,032   
     
Germany – 2.2%      

E.ON SE

     18,355       273,718   

RWE AG

     6,718         171,576   
     

 

 

 
Total Germany         445,294   
Hong Kong – 6.2%      

China Power International Development Ltd.(a)

     881,000         461,349   

CLP Holdings Ltd.

     37,322         326,138   

Hong Kong & China Gas Co., Ltd.

     62,496         144,611   

Power Assets Holdings Ltd.

     30,386         310,795   
     

 

 

 
Total Hong Kong         1,242,893   
Indonesia – 1.0%      

Perusahaan Gas Negara Persero Tbk PT

     557,600         204,702   
Italy – 8.2%      

A2A SpA

     340,879         354,205   

Enel Green Power SpA

     50,987         95,228   

Enel SpA

     48,599         219,847   

Hera SpA

     97,618         229,184   

Snam SpA

     83,271         404,237   

Terna Rete Elettrica Nazionale SpA

     77,492         341,228   
     

 

 

 
Total Italy         1,643,929   
Japan – 6.3%      

Chugoku Electric Power Co., Inc. (The)(a)

     21,900         285,974   

Electric Power Development Co., Ltd.

     4,542         153,388   

Hokuriku Electric Power Co.

     20,300         269,313   

Okinawa Electric Power Co., Inc. (The)

     2,400         86,954   

Osaka Gas Co., Ltd.

     39,000         163,480   

Toho Gas Co., Ltd.

     21,000         122,752   

Tohoku Electric Power Co., Inc.

     3,000         34,171   

Tokyo Gas Co., Ltd.

     23,000         145,029   
     

 

 

 
Total Japan         1,261,061   
Malaysia – 1.6%      

Petronas Gas Bhd

     29,400         182,743   

Tenaga Nasional Bhd

     39,000         151,219   
     

 

 

 
Total Malaysia         333,962   
Mexico – 1.3%      

Infraestructura Energetica Nova S.A.B. de C.V.(a)

     49,588         270,949   
Philippines – 1.8%      

Aboitiz Power Corp.

     161,800         161,076   

Energy Development Corp.

     522,100         99,281   

Manila Electric Co.

     17,140         102,380   
     

 

 

 
Total Philippines         362,737   
Poland – 4.1%      

Energa S.A.

     43,980         288,831   

PGE Polska Grupa Energetyczna S.A.

     62,318         342,531   

Tauron Polska Energia S.A.

     161,629         187,995   
     

 

 

 
Total Poland         819,357   
Portugal – 2.1%      

EDP Renovaveis S.A.(a)

     8,354         57,422   

EDP-Energias de Portugal S.A.

     96,805         362,330   
     

 

 

 
Total Portugal         419,752   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      67   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Russia – 0.3%      

RusHydro JSC ADR

     54,076       $ 52,346   
South Korea – 0.1%      

Korea Electric Power Corp.

     320         13,268   
Spain – 6.0%      

Enagas S.A.

     11,785         337,058   

Endesa S.A.

     9,701         187,540   

Gas Natural SDG S.A.

     10,383         233,230   

Iberdrola S.A.

     29,870         192,546   

Red Electrica Corp. S.A.

     3,294         267,950   
     

 

 

 
Total Spain         1,218,324   
Taiwan – 0.6%      

SPCG PCL NVDR

     154,600         129,467   
Thailand – 1.3%      

Electricity Generating PCL NVDR

     31,346         145,941   

Glow Energy PCL

     40,900         107,780   
     

 

 

 
Total Thailand         253,721   
United Kingdom – 12.7%      

APR Energy PLC(a)

     17,905         101,203   

Centrica PLC

     100,472         377,352   

Drax Group PLC(a)

     17,775         96,022   

National Grid PLC

     27,938         358,626   

Pennon Group PLC

     24,941         305,826   

Severn Trent PLC

     11,720         358,232   

SSE PLC

     19,516         433,994   

Telecom Plus PLC(a)

     9,570         123,598   

United Utilities Group PLC

     29,562         409,445   
     

 

 

 
Total United Kingdom         2,564,298   

TOTAL COMMON STOCKS

(Cost: $21,405,469)

  

  

     19,729,246   
EXCHANGE-TRADED FUNDS AND NOTES – 1.8%      
United States – 1.8%      

iPath MSCI India Index ETN*

     4,439         329,019   
WisdomTree Global ex-U.S. Real Estate Fund(b)      731         21,659   

TOTAL EXCHANGE-TRADED FUNDS AND NOTES

(Cost: $276,907)

  

  

     350,678   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.5%      
United States – 11.5%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

(Cost: $2,317,644)(d)

     2,317,644         2,317,644   

TOTAL INVESTMENTS IN SECURITIES – 111.3%

(Cost: $24,000,020)

  

  

     22,397,568   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (11.3)%

        (2,272,786
     

 

 

 
NET ASSETS – 100.0%       $ 20,124,782   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 8).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $2,331,152 and the total market value of the collateral held by the Fund was $2,453,331. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $135,687. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

ETN – Exchange-Traded Note

NVDR – Non-Voting Depositary Receipt

 

See Notes to Financial Statements.

 

68   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Global Natural Resources Fund (GNAT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.1%      
Australia – 7.6%      

BHP Billiton Ltd.(a)

     12,831       $ 304,163   

Fortescue Metals Group Ltd.(a)

     201,680         301,984   

Rio Tinto Ltd.(a)

     7,520         328,781   

Woodside Petroleum Ltd.(a)

     16,538         436,133   
     

 

 

 
Total Australia         1,371,061   
Brazil – 1.9%      

Petroleo Brasileiro S.A.

     27,525         82,504   

Vale S.A.

     45,651         256,243   
     

 

 

 
Total Brazil         338,747   
Canada – 9.2%      

Agrium, Inc.(a)

     2,654         276,611   

Cameco Corp.(a)

     8,613         120,031   

Canadian Natural Resources Ltd.(a)

     4,070         124,751   

Crescent Point Energy Corp.(a)

     13,791         307,507   

Encana Corp.

     4,664         52,072   

First Quantum Minerals Ltd.

     2,812         34,082   

Imperial Oil Ltd.(a)

     1,494         59,630   

Potash Corp. of Saskatchewan, Inc.(a)

     9,047         291,661   

Suncor Energy, Inc.(a)

     4,949         144,621   

Teck Resources Ltd. Class B

     18,335         251,609   
     

 

 

 
Total Canada         1,662,575   
China – 3.9%      

China Oilfield Services Ltd. Class H(a)

     74,000         123,126   

China Shenhua Energy Co., Ltd. Class H

     133,000         339,660   

CNOOC Ltd.

     171,618         242,605   
     

 

 

 
Total China         705,391   
France – 2.4%      

Technip S.A.

     2,573         155,773   

Total S.A.(a)

     5,666         281,596   
     

 

 

 
Total France         437,369   
Germany – 0.6%      

K+S AG Registered Shares

     3,064         100,071   
Indonesia – 0.4%      

Charoen Pokphand Indonesia Tbk PT

     240,500         65,206   
Israel – 1.2%      

Israel Chemicals Ltd.

     29,955         213,173   
Italy – 1.9%      

Eni SpA

     19,568         338,989   
Japan – 1.9%      

Mitsubishi Materials Corp.(a)

     44,000         148,226   

Sumitomo Metal Mining Co., Ltd.

     13,000         190,623   
     

 

 

 
Total Japan         338,849   
Malaysia – 2.3%      

IOI Corp. Bhd

     197,300         244,527   

Kuala Lumpur Kepong Bhd

     26,500         163,000   

SapuraKencana Petroleum Bhd

     21,100         13,446   
     

 

 

 
Total Malaysia         420,973   
     
Mexico – 1.5%      

Grupo Mexico S.A.B. de C.V. Series B(a)

     46,618       137,857   

Industrias Penoles S.A.B. de C.V.(a)

     7,734         134,746   
     

 

 

 
Total Mexico         272,603   
Norway – 2.8%      

Statoil ASA

     14,448         256,006   

Yara International ASA

     4,756         241,957   
     

 

 

 
Total Norway         497,963   
Poland – 1.3%      

KGHM Polska Miedz S.A.

     7,292         230,790   
Russia – 10.7%      

Gazprom OAO ADR

     53,412         253,921   

Lukoil OAO ADR

     8,554         396,221   

MMC Norilsk Nickel OJSC ADR

     26,362         468,321   

NovaTek OAO GDR Reg S

     1,590         119,250   

Novolipetsk Steel OJSC GDR Reg S

     11,962         159,693   

Rosneft OAO GDR Reg S

     70,048         301,557   

Tatneft OAO ADR

     7,445         221,786   
     

 

 

 
Total Russia         1,920,749   
Singapore – 0.9%      

Wilmar International Ltd.(a)

     69,000         163,986   
South Africa – 4.3%      

Exxaro Resources Ltd.

     28,095         233,038   

Kumba Iron Ore Ltd.(a)

     28,620         368,491   

Sasol Ltd.

     4,914         167,164   
     

 

 

 
Total South Africa         768,693   
South Korea – 0.5%      

Korea Zinc Co., Ltd.

     246         94,014   
Spain – 1.6%      

Repsol S.A.

     15,725         292,765   
Sweden – 0.8%      

Boliden AB

     6,975         138,626   
Switzerland – 3.0%      

Syngenta AG Registered Shares

     753         256,375   

Transocean Ltd.(a)

     19,166         277,437   
     

 

 

 
Total Switzerland         533,812   
Thailand – 2.3%      

PTT Exploration & Production PCL

     53,741         180,018   

PTT PCL NVDR

     24,400         242,200   
     

 

 

 
Total Thailand         422,218   
United Kingdom – 16.4%      

Amec Foster Wheeler PLC

     18,379         247,053   

Anglo American PLC

     14,031         210,790   

Antofagasta PLC

     54,524         592,892   

BG Group PLC

     7,262         89,370   

BHP Billiton PLC

     13,065         285,786   

BP PLC

     58,163         377,060   

Fresnillo PLC(a)

     5,880         59,575   

John Wood Group PLC

     14,059         132,528   

Rio Tinto PLC

     6,545         269,329   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      69   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global Natural Resources Fund (GNAT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Royal Dutch Shell PLC Class A

     8,768       $ 261,363   

Royal Dutch Shell PLC Class B

     9,143         284,893   

Vedanta Resources PLC(a)

     18,561         137,769   
     

 

 

 
Total United Kingdom         2,948,408   
United States – 19.7%      

Anadarko Petroleum Corp.(a)

     697         57,719   

Apache Corp.(a)

     908         54,780   

Archer-Daniels-Midland Co.(a)

     2,582         122,387   

Baker Hughes, Inc.

     1,171         74,452   

Cabot Oil & Gas Corp.

     579         17,098   

CF Industries Holdings, Inc.

     452         128,223   

Chesapeake Energy Corp.(a)

     5,564         78,786   

Chevron Corp.(a)

     2,128         223,397   

ConocoPhillips(a)

     3,643         226,813   

CONSOL Energy, Inc.(a)

     1,705         47,552   

Devon Energy Corp.(a)

     1,586         95,652   

Diamond Offshore Drilling, Inc.(a)

     18,991         508,769   

EOG Resources, Inc.(a)

     354         32,458   

EQT Corp.

     115         9,530   

Exxon Mobil Corp.(a)

     2,122         180,370   

Freeport-McMoRan, Inc.(a)

     8,721         165,263   

Halliburton Co.

     1,178         51,691   

Helmerich & Payne, Inc.(a)

     2,043         139,067   

Hess Corp.(a)

     943         64,001   

Ingredion, Inc.(a)

     2,083         162,099   

Marathon Oil Corp.(a)

     4,343         113,396   

Monsanto Co.(a)

     971         109,276   

Mosaic Co. (The)

     4,102         188,938   

National Oilwell Varco, Inc.(a)

     1,872         93,581   

Noble Energy, Inc.(a)

     1,242         60,734   

Occidental Petroleum Corp.(a)

     2,325         169,725   

Oceaneering International, Inc.

     1,693         91,304   

Patterson-UTI Energy, Inc.(a)

     2,906         54,560   

Pioneer Natural Resources Co.(a)

     32         5,232   

RPC, Inc.(a)

     7,570         96,972   

Southern Copper Corp.(a)

     3,836         111,935   
     

 

 

 
Total United States         3,535,760   

TOTAL COMMON STOCKS

(Cost: $24,749,414)

  

  

     17,812,791   
EXCHANGE-TRADED FUNDS AND NOTES – 0.4%      
United States – 0.4%      

iPath MSCI India Index ETN*

     763         56,553   
WisdomTree Global Equity Income Fund(a)(b)      197         8,735   

TOTAL EXCHANGE-TRADED FUNDS AND NOTES

(Cost: $50,863)

  

  

     65,288   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 22.8%      
United States – 22.8%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

(Cost: $4,091,821)(d)

     4,091,821       4,091,821   

TOTAL INVESTMENTS IN SECURITIES – 122.3%

(Cost: $28,892,098)

  

  

     21,969,900   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (22.3)%

        (4,002,926
     

 

 

 
NET ASSETS – 100.0%       $ 17,966,974   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 8).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $4,229,658 and the total market value of the collateral held by the Fund was $4,407,149. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $315,328. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

ADR – American Depositary Receipt

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

70   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2015

 

  

 

 

Investments   

Principal

Amount

     Value  
     
FOREIGN CORPORATE BOND – 0.2%      
India – 0.2%      
NTPC Ltd. 8.49%, 3/25/25, Series 54
(Cost: $4,455,844)
     278,289,700 INR       $ 4,446,855   
      Shares          
COMMON STOCKS – 99.7%      
India – 99.7%      
Aerospace & Defense – 0.2%      

Bharat Electronics Ltd.

     83,551         4,473,187   
Auto Components – 1.2%      

Amtek Auto Ltd.

     607,666         1,410,382   

Amtek India Ltd.

     156,539         137,575   

Apollo Tyres Ltd.

     2,458,059         6,608,504   

Balkrishna Industries Ltd.

     155,693         1,614,742   

Bharat Forge Ltd.

     461,525         9,416,530   

Ceat Ltd.

     26,946         346,377   

Exide Industries Ltd.

     1,579,302         4,485,703   

Motherson Sumi Systems Ltd.

     378,072         3,110,967   

Sundram Fasteners Ltd.

     176,737         492,809   

Tube Investments of India Ltd.

     32,350         188,834   
     

 

 

 
Total Auto Components         27,812,423   
Automobiles – 6.7%      

Bajaj Auto Ltd.

     452,107         14,568,564   

Hero MotoCorp Ltd.

     433,883         18,302,037   

Mahindra & Mahindra Ltd.

     2,087,902         39,628,643   

Tata Motors Ltd.

     9,924,898         87,257,427   
     

 

 

 
Total Automobiles         159,756,671   
Banks – 10.7%      

Allahabad Bank

     3,036,165         4,861,260   

Bank of India

     2,521,282         7,890,432   

Bank of Maharashtra

     457,762         271,009   

Canara Bank

     2,000,206         11,755,530   

Corp Bank

     471,637         396,414   

DCB Bank Ltd.*

     860,687         1,525,908   

Dena Bank

     713,372         579,646   

Federal Bank Ltd.

     2,943,904         6,211,805   

ICICI Bank Ltd.

     19,970,107         100,678,218   

IDBI Bank Ltd.

     1,528,285         1,733,878   

Indian Bank

     1,096,185         3,038,183   

Indian Overseas Bank

     580,642         392,932   

Jammu & Kashmir Bank Ltd. (The)

     3,633,524         5,518,689   

Karnataka Bank Ltd. (The)

     1,714,604         3,415,167   

Karur Vysya Bank Ltd. (The)

     288,817         2,510,138   

Kotak Mahindra Bank Ltd.

     989,050         20,754,937   

Lakshmi Vilas Bank Ltd. (The)

     771,248         1,252,113   

Oriental Bank of Commerce

     1,566,690         5,122,058   

State Bank of Bikaner & Jaipur

     223,619         2,115,727   

State Bank of India

     13,431,532         57,315,739   

Syndicate Bank

     2,377,265         3,844,270   

UCO Bank

     3,300,190         3,369,734   

Union Bank of India

     2,365,916         5,916,562   
     

Vijaya Bank

     3,482,931       2,587,936   
     

 

 

 
Total Banks         253,058,285   
Biotechnology – 0.1%      

Biocon Ltd.

     219,978         1,649,626   
Building Products – 0.2%      

Sintex Industries Ltd.

     2,511,968         4,844,814   
Capital Markets – 0.1%      

JM Financial Ltd.

     1,967,325         1,499,513   

PTC India Financial Services Ltd.

     87,828         77,539   
     

 

 

 
Total Capital Markets         1,577,052   
Chemicals – 1.1%      

Asian Paints Ltd.

     875,625         11,351,556   

Atul Ltd.

     12,975         234,698   

Bayer CropScience Ltd.

     304         16,143   

Berger Paints India Ltd.

     98,028         326,832   

Castrol India Ltd

     311,826         2,360,074   

Chambal Fertilizers & Chemicals Ltd.

     1,369,058         1,477,757   

Coromandel International Ltd.

     642,842         2,757,550   

DCM Shriram Ltd.

     14,618         25,087   

Dhanuka Agritech Ltd.

     113,336         1,231,314   

EID Parry India Ltd.

     32,304         90,411   

Finolex Industries Ltd.

     133,140         603,564   

Godrej Industries Ltd.

     169,036         934,163   

Gujarat Fluorochemicals Ltd.

     42,459         478,824   

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     29         32   

Monsanto India Ltd.

     4,368         199,669   

PI Industries Ltd.

     70,276         680,736   

Pidilite Industries Ltd.

     203,171         1,947,422   

Rashtriya Chemicals & Fertilizers Ltd.

     317,181         286,106   

Supreme Industries Ltd.

     68,289         777,593   
     

 

 

 
Total Chemicals         25,779,531   
Construction & Engineering – 1.7%      

Ashoka Buildcon Ltd.

     1,884         5,294   

Engineers India Ltd.

     262,727         810,877   

IRB Infrastructure Developers Ltd.

     1,558,287         6,080,634   

Larsen & Toubro Ltd.

     1,011,683         27,799,711   

Voltas Ltd.

     1,137,244         5,085,513   
     

 

 

 
Total Construction & Engineering         39,782,029   
Construction Materials – 1.5%      

ACC Ltd.

     259,038         6,468,577   

Ambuja Cements Ltd.

     3,109,972         12,687,120   

JK Cement Ltd.

     49,037         521,938   

Ramco Cements Ltd. (The)

     395,469         1,928,331   

Ultratech Cement Ltd.

     311,096         14,306,253   
     

 

 

 
Total Construction Materials         35,912,219   
Consumer Finance – 2.1%      

Bajaj Finance Ltd.

     75,743         4,972,517   

Mahindra & Mahindra Financial Services Ltd.

     1,731,958         7,026,771   

Manappuram Finance Ltd.

     4,766,871         2,471,746   

Muthoot Finance Ltd.

     1,705,348         5,642,142   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      71   


Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Shriram City Union Finance Ltd.

     42,862       $ 1,345,934   

Shriram Transport Finance Co., Ltd.

     1,408,021         25,071,858   

Sundaram Finance Ltd.

     107,844         2,614,881   
     

 

 

 
Total Consumer Finance         49,145,849   
Containers & Packaging – 0.0%      

Ess Dee Aluminium Ltd.*

     10,491         20,561   
Diversified Consumer Services – 0.0%      

Tree House Education and Accessories Ltd.

     72,526         460,956   
Diversified Financial Services – 3.1%      

Credit Analysis & Research Ltd.

     107,320         2,537,267   

CRISIL Ltd.

     43,964         1,412,187   

IFCI Ltd.

     9,912,274         5,282,322   

L&T Finance Holdings Ltd.

     2,537,421         2,546,291   

Power Finance Corp., Ltd.

     6,269,854         27,356,175   

Rural Electrification Corp., Ltd.

     6,282,267         33,448,539   

Srei Infrastructure Finance Ltd.

     1,139,085         776,302   
     

 

 

 
Total Diversified Financial Services         73,359,083   
Diversified Telecommunication Services – 0.0%   

Tata Communications Ltd.

     14,117         95,194   
Electric Utilities – 1.9%      

CESC Ltd.

     639,751         6,172,994   

Power Grid Corp. of India Ltd.

     10,900,463         25,299,786   

Reliance Infrastructure Ltd.

     1,813,522         12,570,951   
     

 

 

 
Total Electric Utilities         44,043,731   
Electrical Equipment – 1.2%      

ABB India Ltd.

     18,856         379,673   

Amara Raja Batteries Ltd.

     123,083         1,638,419   

Bharat Heavy Electricals Ltd.

     5,080,607         19,106,695   

Havells India Ltd.

     1,414,623         6,900,049   
     

 

 

 
Total Electrical Equipment         28,024,836   
Electronic Equipment, Instruments & Components – 0.3%   

Redington India Ltd.

     4,028,062         8,447,948   
Energy Equipment & Services – 0.1%      

Aban Offshore Ltd.

     188,869         1,286,867   
Food Products – 0.6%      

Britannia Industries Ltd.

     46,142         1,591,528   

Kaveri Seed Co., Ltd.

     23,917         376,385   

KRBL Ltd.

     1,356,478         3,607,882   

McLeod Russel India Ltd.

     332,583         1,272,538   

Nestle India Ltd.

     49,861         5,535,233   

Rasoya Proteins Ltd.*

     246,502         2,167   

Tata Global Beverages Ltd.

     814,937         1,937,683   
     

 

 

 
Total Food Products         14,323,416   
Gas Utilities – 1.1%      

GAIL India Ltd.

     3,115,130         19,303,664   

Gujarat Gas Co., Ltd.

     111,685         1,123,877   

Gujarat State Petronet Ltd.

     1,756,687         3,482,146   

Indraprastha Gas Ltd.

     403,752         2,706,142   
     

 

 

 
Total Gas Utilities         26,615,829   
     
Health Care Providers & Services – 0.2%      

Apollo Hospitals Enterprise Ltd.

     179,258       3,921,943   

Fortis Healthcare Ltd.*

     463,350         1,218,694   
     

 

 

 
Total Health Care Providers & Services         5,140,637   
Hotels, Restaurants & Leisure – 0.1%      

Cox & Kings Ltd.

     337,033         1,746,257   

Jubilant Foodworks Ltd.*

     26,725         631,322   
     

 

 

 
Total Hotels, Restaurants & Leisure         2,377,579   
Household Products – 1.3%      

Hindustan Unilever Ltd.

     2,110,749         29,463,215   

Jyothy Laboratories Ltd.

     84,422         360,587   
     

 

 

 
Total Household Products         29,823,802   
Independent Power and Renewable Electricity Producers – 2.9%   

Jaiprakash Power Ventures Ltd.*

     258,749         42,380   

JSW Energy Ltd.

     4,665,881         8,887,215   

NHPC Ltd.

     18,898,129         5,979,154   

NTPC Ltd.

     22,348,756         52,442,462   

PTC India Ltd.

     2,102,522         2,717,971   
     

 

 

 
Total Independent Power and Renewable Electricity Producers               70,069,182   
Industrial Conglomerates – 0.5%      

Aditya Birla Nuvo Ltd.

     245,273         6,521,278   

Siemens Ltd.

     241,356         5,386,821   
     

 

 

 
Total Industrial Conglomerates         11,908,099   
Insurance – 0.5%      

Bajaj Finserv Ltd.

     469,193         10,605,364   

Max India Ltd.

     164,698         1,134,941   
     

 

 

 
Total Insurance         11,740,305   
Internet Software & Services – 0.0%      

Info Edge India Ltd.

     50,116         672,604   

Just Dial Ltd.

     2,529         53,495   
     

 

 

 
Total Internet Software & Services         726,099   
IT Services – 17.9%      

CMC Ltd.

     43,908         1,343,524   

eClerx Services Ltd.

     107,607         2,726,316   

Firstsource Solutions Ltd.*

     1,453,986         716,756   

HCL Technologies Ltd.

     3,304,392         51,766,718   

Hexaware Technologies Ltd.

     1,644,083         8,211,056   

Infosys Ltd.

     5,633,226         199,683,881   

Lycos Internet Ltd.*

     1,481,135         678,071   

Mindtree Ltd.

     342,818         7,141,351   

Mphasis Ltd.

     487,481         3,002,100   

Polaris Consulting & Services Ltd.

     450,227         1,190,294   

Tata Consultancy Services Ltd.

     2,025,957         82,679,603   

Tech Mahindra Ltd.

     2,625,002         26,413,083   

Vakrangee Ltd.

     955,247         1,568,387   

Wipro Ltd.

     3,643,838         36,615,241   
     

 

 

 
Total IT Services         423,736,381   
Life Sciences Tools & Services – 0.3%      

Divi’s Laboratories Ltd.

     236,634         6,751,194   

 

See Notes to Financial Statements.

 

72   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Machinery – 0.6%      

AIA Engineering Ltd.

     46,930       $ 939,294   

Cummins India Ltd.

     417,385         5,873,486   

Eicher Motors Ltd.

     18,523         4,708,546   

Escorts Ltd.

     679,432         1,382,613   

Thermax Ltd.

     76,881         1,312,835   
     

 

 

 
Total Machinery         14,216,774   
Media – 0.7%      

Eros International Media Ltd.*

     90,550         580,215   

HT Media Ltd.

     596,903         1,187,010   

Inox Leisure Ltd.*

     82,247         221,647   

Jagran Prakashan Ltd.

     374,006         769,452   

PVR Ltd.

     26,641         282,198   

Sun TV Network Ltd.

     571,545         4,035,349   

Zee Entertainment Enterprises Ltd.

     1,980,146         10,813,381   
     

 

 

 
Total Media         17,889,252   
Metals & Mining – 4.2%      

Bhushan Steel Ltd.

     30,887         32,180   

Hindalco Industries Ltd.

     7,394,651         15,242,744   

Hindustan Copper Ltd.

     223,162         226,795   

Hindustan Zinc Ltd.

     2,904,924         7,526,750   

Jindal Steel & Power Ltd.

     2,914,206         7,301,668   

JSW Steel Ltd.

     345,148         4,999,803   

Maharashtra Seamless Ltd.

     93,995         296,113   

National Aluminium Co., Ltd.

     180,671         134,678   

NMDC Ltd.

     8,234,107         16,940,238   

Sesa Sterlite Ltd.

     9,683,973         29,323,685   

Steel Authority of India Ltd.

     8,789,093         9,465,852   

Tata Steel Ltd.

     1,675,237         8,479,078   

Welspun Corp., Ltd.

     714,197         614,553   
     

 

 

 
Total Metals & Mining         100,584,137   
Oil, Gas & Consumable Fuels – 15.5%      

Bharat Petroleum Corp., Ltd.

     1,602,824         20,766,119   

Cairn India Ltd.

     10,554,106         36,065,044   

Coal India Ltd.

     5,478,393         31,768,442   

Great Eastern Shipping Co., Ltd. (The)

     519,251         3,035,127   

Gujarat Mineral Development Corp., Ltd.

     991,145         1,776,201   

Hindustan Petroleum Corp., Ltd.

     843,601         8,759,364   

Indian Oil Corp., Ltd.

     2,251,081         13,260,537   

Mangalore Refinery & Petrochemicals Ltd.*

     219,060         235,928   

Oil & Natural Gas Corp., Ltd.

     15,769,865         77,197,214   

Petronet LNG Ltd.

     2,634,339         7,221,346   

Reliance Industries Ltd.

     12,624,536         166,629,250   
     

 

 

 
Total Oil, Gas & Consumable Fuels         366,714,572   
Paper & Forest Products – 0.0%      

Nirvikara Paper Mills Ltd.

     17,299         0   
Personal Products – 0.8%      

Bajaj Corp., Ltd.

     198,772         1,455,028   

Colgate-Palmolive India Ltd.

     82,777         2,664,340   

Dabur India Ltd.

     1,354,549         5,747,736   

Emami Ltd.

     28,070         449,075   

Godrej Consumer Products Ltd.

     417,072         6,937,399   
     

Marico Ltd.

     389,644       2,401,760   
     

 

 

 
Total Personal Products         19,655,338   
Pharmaceuticals – 4.8%      

Aurobindo Pharma Ltd.

     695,089         13,568,293   

Cadila Healthcare Ltd.

     235,835         6,563,905   

Cipla Ltd.

     1,404,629         15,990,859   

Dr. Reddy’s Laboratories Ltd.

     381,640         21,275,487   

Glenmark Pharmaceuticals Ltd.

     613,432         7,705,975   

Merck Ltd.

     47,573         691,954   

Pfizer Ltd.

     25,075         893,574   

Sun Pharmaceutical Industries Ltd.

     1,929,297         31,565,480   

Suven Life Sciences Ltd.

     159,105         729,789   

Torrent Pharmaceuticals Ltd.

     137,667         2,548,702   

Wockhardt Ltd.

     447,590         13,351,619   
     

 

 

 
Total Pharmaceuticals         114,885,637   
Real Estate Management & Development – 0.7%      

Anant Raj Ltd.

     379,817         242,160   

DLF Ltd.

     597,728         1,511,483   

Godrej Properties Ltd.

     52,564         210,949   

Housing Development & Infrastructure Ltd.*

     2,140,026         3,479,439   

Kolte-Patil Developers Ltd.

     69,172         246,430   

Oberoi Realty Ltd.

     648,535         2,946,744   

Omaxe Ltd.

     316,642         683,312   

Prestige Estates Projects Ltd.

     522,175         2,238,265   

Sobha Ltd.

     482,214         3,097,959   

Sunteck Realty Ltd.

     421,985         1,682,714   

Unitech Ltd.*

     4,138,824         1,068,084   
     

 

 

 
Total Real Estate Management & Development         17,407,539   
Software – 0.6%      

Intellect Design Arena Ltd.*

     895,803         1,534,487   

KPIT Technologies Ltd.

     954,368         2,874,637   

NIIT Technologies Ltd.

     447,331         2,496,798   

Oracle Financial Services Software Ltd.

     103,153         5,373,557   

Tata Elxsi Ltd.

     1,713         31,677   

Zensar Technologies Ltd.

     244,194         2,509,396   
     

 

 

 
Total Software         14,820,552   
Specialty Retail – 0.1%      

PC Jeweller Ltd.

     704,158         3,573,604   
Textiles, Apparel & Luxury Goods – 0.3%      

Arvind Ltd.

     1,279,421         5,350,236   

Bata India Ltd.

     20,994         365,945   

Vaibhav Global Ltd.

     63,962         818,519   

Welspun India Ltd.

     79,963         454,559   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         6,989,259   
Thrifts & Mortgage Finance – 9.6%      

Dewan Housing Finance Corp., Ltd.

     663,311         4,956,714   

Housing Development Finance Corp., Ltd.

     8,808,826         185,195,604   

Indiabulls Housing Finance Ltd.

     2,405,156         21,441,510   

LIC Housing Finance Ltd.

     2,238,271         15,651,132   
     

 

 

 
Total Thrifts & Mortgage Finance         227,244,960   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      73   


Table of Contents

Schedule of Investments (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Tobacco – 1.5%      

ITC Ltd.

     6,678,635       $ 34,774,525   
Trading Companies & Distributors – 0.7%      

Adani Enterprises Ltd.

     1,602,773         15,759,774   
Transportation Infrastructure – 0.5%      

Adani Ports & Special Economic Zone Ltd.

     2,334,567         11,497,270   

Gateway Distriparks Ltd.

     144,095         946,108   

IL&FS Transportation Networks Ltd.

     117,510         364,935   
     

 

 

 
Total Transportation Infrastructure         12,808,313   
Water Utilities – 0.0%      

VA Tech Wabag Ltd.

     23,284         304,959   
Wireless Telecommunication Services – 1.5%      

Bharti Airtel Ltd.

     2,441,072         15,341,234   

Bharti Infratel Ltd.

     1,203,375         7,403,166   

Idea Cellular Ltd.

     3,309,645         9,730,945   

Reliance Communications Ltd.*

     3,829,689         3,625,831   
     

 

 

 
Total Wireless Telecommunication Services         36,101,176   

TOTAL COMMON STOCKS

(Cost: $2,004,768,881)

  

  

     2,366,473,756   

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $2,009,224,725)

  

  

     2,370,920,611   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1%

        1,485,514   
     

 

 

 
NET ASSETS – 100.0%       $ 2,372,406,125   

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

INR – Indian rupee

 

* 

Non-income producing security.

 

Security is being fair valued by a valuation 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.

 

See Notes to Financial Statements.

 

74   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Middle East Dividend Fund (GULF)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.4%      
Bahrain – 2.7%      

Ahli United Bank BSC

     1,121,218       $ 909,650   

Al-Salam Bank-Bahrain BSC

     140,352         40,888   
     

 

 

 
Total Bahrain         950,538   
Egypt – 6.7%      

Amer Group Holding

     275,822         37,957   

Commercial International Bank Egypt SAE

     69,015         509,152   

Eastern Tobacco

     7,593         205,656   

Heliopolis Co. for Housing and Construction SAE

     4,963         42,696   

Oriental Weavers

     64,282         90,146   

Sidi Kerir Petrochemicals Co.

     192,030         377,262   

Talaat Moustafa Group

     93,623         128,225   

Telecom Egypt Co.

     617,913         905,402   
     

 

 

 
Total Egypt         2,296,496   
Jordan – 2.1%      

Arab Bank PLC

     78,304         711,855   
Kuwait – 15.2%      

Agility Public Warehousing Co. KSC

     176,847         452,775   

Burgan Bank SAK

     71,200         107,717   

Commercial Real Estate Co. KSC

     392,204         118,672   

Kuwait Finance House KSCP

     225,177         501,641   

Kuwait Food Co. Americana SAK

     38,715         347,566   

Kuwait International Bank KSCP

     94,698         77,459   

Kuwait Projects Co. Holding KSCP

     140,284         298,526   

Mabanee Co. SAK

     59,754         196,697   

Mobile Telecommunications Co. KSC

     1,144,083         1,806,947   

National Bank of Kuwait SAKP

     502,426         1,336,462   
     

 

 

 
Total Kuwait         5,244,462   
Morocco – 6.5%      

Maroc Telecom

     166,896         2,228,150   
Oman – 4.3%      

Bank Muscat SAOG

     284,853         389,176   

Bank Sohar SAOG

     123,152         60,136   

National Bank of Oman SAOG

     216,698         160,413   

Oman Telecommunications Co. SAOG

     194,576         849,059   

Renaissance Services SAOG

     24,827         23,860   
     

 

 

 
Total Oman         1,482,644   
Qatar – 32.7%      

Al Khalij Commercial Bank QSC

     34,086         188,251   

Al Meera Consumer Goods Co. QSC

     1,816         108,723   

Barwa Real Estate Co.

     39,219         485,761   

Commercial Bank of Qatar QSC (The)

     15,570         235,180   

Doha Bank QSC

     41,128         568,140   

Doha Insurance Co. QSC

     3,883         27,833   

Ezdan Holding Group QSC

     85,340         365,617   

Gulf International Services OSC

     5,046         133,036   

Industries Qatar QSC

     73,511         2,806,187   

Mannai Corp. QSC

     4,585         130,829   

Masraf Al Rayan QSC

     41,860         547,787   

Mazaya Qatar Real Estate Development QSC

     7,422         37,097   

Medicare Group

     1,347         52,641   
     

National Leasing

     6,462       36,824   

Ooredoo QSC

     20,389         558,265   

Qatar Electricity & Water Co. QSC

     8,218         440,776   

Qatar Fuel Co. QSC

     6,095         302,971   

Qatar Gas Transport Co. Ltd.

     53,401         328,509   

Qatar Insurance Co. SAQ

     7,601         165,745   

Qatar International Islamic Bank QSC

     13,054         281,067   

Qatar Islamic Bank SAQ

     17,317         472,725   

Qatar Islamic Insurance Co. QSC

     1,197         26,134   

Qatar National Bank SAQ

     49,240         2,616,667   

Qatari Investors Group QSC

     3,562         37,711   

Salam International Investment Co.

     11,827         43,037   

United Development Co. QSC

     25,775         149,359   

Vodafone Qatar QSC

     18,189         89,066   

Widam Food Co.

     1,416         22,905   
     

 

 

 
Total Qatar         11,258,843   
United Arab Emirates – 28.2%      

Abu Dhabi Commercial Bank PJSC

     695,166         1,224,570   

Agthia Group PJSC

     36,337         70,440   

Al Waha Capital PJSC

     223,758         174,235   

Aldar Properties PJSC

     540,810         348,967   

Aramex PJSC

     115,432         108,741   

DP World Ltd.

     35,404         764,726   

Dubai Financial Market PJSC

     450,365         185,154   

Dubai Investments PJSC

     260,406         170,158   

Dubai Islamic Bank PJSC

     440,437         743,475   

Emaar Properties PJSC

     306,243         550,302   

First Gulf Bank PJSC

     657,828         2,614,906   

National Bank of Abu Dhabi PJSC

     457,697         1,482,914   

National Bank of Ras Al-Khaimah PSC (The)

     323,836         709,761   

National Central Cooling Co. PJSC

     88,631         26,062   

RAK Properties PJSC

     389,242         67,825   

Ras Al Khaimah Ceramics

     114,883         121,986   

Union National Bank PJSC

     218,509         336,131   
     

 

 

 
Total United Arab Emirates         9,700,353   

TOTAL COMMON STOCKS

(Cost: $32,303,562)

  

  

     33,873,341   
CONVERTIBLE BONDS – 0.1%      
Oman – 0.1%      

Bank Muscat SAOG

     

4.50%, 3/20/17

     48,842 OMR         13,320   

3.50%, 3/19/18

     38,597 OMR         10,025   

 

 

TOTAL CONVERTIBLE BONDS

(Cost: $22,838)

  

  

     23,345   

TOTAL INVESTMENTS IN SECURITIES – 98.5%

(Cost: $32,326,400)

  

  

     33,896,686   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 1.5%

        523,802   
     

 

 

 
NET ASSETS – 100.0%       $ 34,420,488   

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

OMR – Omani rial

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      75   


Table of Contents

Statements of Assets and Liabilities

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

March 31, 2015

 

  

 

 

     

WisdomTree

Asia Pacific

ex-Japan Fund

    

WisdomTree

China Dividend

ex-Financials

Fund

    

WisdomTree

Commodity

Country Equity

Fund

    

WisdomTree

Emerging

Markets

Consumer

Growth Fund

    

WisdomTree

Emerging

Markets

Dividend

Growth Fund

 

ASSETS:

              

Investments, at cost

   $ 44,309,937       $ 18,502,947       $ 15,425,524       $ 20,356,451       $ 42,026,907   

Investment in affiliates, at cost (Note 8)

                     20,779                   

Foreign currency, at cost

     15,355         12,683         12,089         1,831         11,678   

Investments in securities, at value (including securities on loan) (Note 2)1

     49,029,837         19,103,253         13,117,758         21,012,077         41,589,234   

Investment in affiliates, at value (Note 8)

                     19,013                   

Cash

     323         378         23,200         4,824           

Foreign currency, at value

     15,354         12,683         12,130         1,828         11,674   

Unrealized appreciation on forward foreign currency contracts

                     13         2,298         400   

Receivables:

              

Investment securities sold

     132,677         155,010                 111,252         239,095   

Dividends and interest

     180,143         6,448         46,378         39,881         143,367   

Foreign tax reclaims

                     16,467                   

Total Assets

     49,358,334         19,277,772         13,234,959         21,172,160         41,983,770   

LIABILITIES:

              

Due to custodian

                                     2,319   

Unrealized depreciation on forward foreign currency contracts

     168         3         48         1,518         138   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     2,197,864         2,523,384         1,847,634         1,174,435         840,266   

Investment securities purchased

     104,215         160,944         35,627         73,482         174,586   

Advisory fees (Note 3)

     19,128         8,503         5,941         10,435         21,938   

Service fees (Note 2)

     175         59         45         73         153   

Total Liabilities

     2,321,550         2,692,893         1,889,295         1,259,943         1,039,400   

NET ASSETS

   $ 47,036,784       $ 16,584,879       $ 11,345,664       $ 19,912,217       $ 40,944,370   

NET ASSETS:

              

Paid-in capital

   $ 66,447,404       $ 18,113,928       $ 31,232,563       $ 20,123,842       $ 43,466,810   

Undistributed net investment income

     59,872         4,102         48,368         60,717         184,912   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (24,189,603      (2,133,459      (17,624,231      (926,892      (2,268,772

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     4,719,111         600,308         (2,311,036      654,550         (438,580

NET ASSETS

   $ 47,036,784       $ 16,584,879       $ 11,345,664       $ 19,912,217       $ 40,944,370   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     700,000         300,000         450,000         800,000         1,700,000   

Net asset value per share

   $ 67.20       $ 55.28       $ 25.21       $ 24.89       $ 24.08   
1 

Market value of securities out on loan were as follows: $2,190,924, $2,533,746, $1,930,779, $1,224,935 and $805,106, respectively.

 

See Notes to Financial Statements.

 

76   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

March 31, 2015

 

  

 

 

     

WisdomTree

Emerging

Markets Equity

Income Fund

    

WisdomTree

Emerging

Markets ex-

State-Owned

Enterprises Fund

    

WisdomTree

Emerging

Markets SmallCap

Dividend Fund

    

WisdomTree

Global Equity

Income Fund

    

WisdomTree

Global ex-U.S.

Dividend

Growth Fund

 

ASSETS:

              

Investments, at cost

   $ 2,526,348,138       $ 10,128,067       $ 1,386,179,174       $ 102,445,784       $ 85,483,795   

Investment in affiliates, at cost (Note 8)

     2,075,463                 114,518         147,605         120,793   

Foreign currency, at cost

     5,084,567         12,909         4,953,534         69,343         90,528   

Investments in securities, at value (including securities on loan) (Note 2)1

     2,249,764,056         10,223,601         1,478,978,822         113,297,666         91,497,393   

Investment in affiliates, at value (Note 8)

     2,103,933                 115,388         145,844         118,223   

Cash

     4,129,320         5,595                 131,408         83,074   

Foreign currency, at value

     5,090,057         12,889         4,952,191         69,116         89,548   

Unrealized appreciation on forward foreign currency contracts

     34,089                 14,426         112           

Receivables:

              

Investment securities sold

     26,624,433                 4,123,140         94,389         24,511   

Dividends and interest

     4,789,957         19,168         5,896,207         372,960         149,811   

Foreign tax reclaims

     1,922                         107,509         81,912   

Total Assets

     2,292,537,767         10,261,253         1,494,080,174         114,219,004         92,044,472   

LIABILITIES:

              

Due to custodian

                     119,551                   

Unrealized depreciation on forward foreign currency contracts

     39,664                 11,018         145           

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     100,263,965         178,829         72,570,143         12,301,912         5,648,910   

Investment securities purchased

     12,018,823         8,256         6,943,664         147,605           

Capital shares redeemed

     19,487,607                                   

Advisory fees (Note 3)

     1,162,429         4,889         761,268         50,964         42,303   

Service fees (Note 2)

     8,127         37         5,320         387         321   

Total Liabilities

     132,980,615         192,011         80,410,964         12,501,013         5,691,534   

NET ASSETS

   $ 2,159,557,152       $ 10,069,242       $ 1,413,669,210       $ 101,717,991       $ 86,352,938   

NET ASSETS:

              

Paid-in capital

   $ 3,397,120,612       $ 10,000,100       $ 1,697,536,579       $ 119,006,582       $ 106,091,008   

Undistributed net investment income

     482,542         30,495         2,021,960         241,431         243,441   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (961,386,019      (56,568      (378,591,037      (28,369,604      (25,983,079

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (276,659,983      95,215         92,701,708         10,839,582         6,001,568   

NET ASSETS

   $ 2,159,557,152       $ 10,069,242       $ 1,413,669,210       $ 101,717,991       $ 86,352,938   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     50,600,000         400,004         31,800,000         2,300,000         1,700,000   

Net asset value per share

   $ 42.68       $ 25.17       $ 44.46       $ 44.23       $ 50.80   
1 

Market value of securities out on loan were as follows: $133,760,007, $169,229, $117,165,822, $15,164,926 and $5,749,279, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      77   


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

March 31, 2015

 

  

 

 

     

WisdomTree

Global ex-U.S.

Real Estate

Fund

    

WisdomTree

Global ex-U.S.

Utilities Fund

    

WisdomTree

Global Natural

Resources Fund

    

WisdomTree

India Earnings

Fund1

    

WisdomTree

Middle East

Dividend Fund

 

ASSETS:

              

Investments, at cost

   $ 120,745,592       $ 23,979,043       $ 28,883,588       $ 2,009,224,725       $ 32,326,400   

Investment in affiliates, at cost (Note 8)

             20,977         8,510                   

Foreign currency, at cost

     909,104         5,626         24,284         1,399,170         196,791   

Investments in securities, at value (including securities on loan) (Note 2)2

     132,261,867         22,375,909         21,961,165         2,370,920,611         33,896,686   

Investment in affiliates, at value (Note 8)

             21,659         8,735                   

Cash

     104,188         293         4,898         1,515,972         4,193   

Foreign currency, at value

     908,515         5,492         24,133         1,399,151         196,779   

Unrealized appreciation on forward foreign currency contracts

     1,228                 18                   

Receivables:

              

Dividends and interest

     327,450         39,463         57,868         4,720,416         349,079   

Investment securities sold

     453,954                                   

Foreign tax reclaims

     19,076         9,584         11,100                   

Total Assets

     134,076,278         22,452,400         22,067,917         2,378,556,150         34,446,737   

LIABILITIES:

              

Unrealized depreciation on forward foreign currency contracts

     3,055         9         8                 32   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     11,108,311         2,317,644         4,091,821                   

Investment securities purchased

     1,345,098                         4,446,854           

Advisory fees (Note 3)

     59,362         9,890         9,045         1,694,190         26,087   

Service fees (Note 2)

     451         75         69         8,981         130   

Total Liabilities

     12,516,277         2,327,618         4,100,943         6,150,025         26,249   

NET ASSETS

   $ 121,560,001       $ 20,124,782       $ 17,966,974       $ 2,372,406,125       $ 34,420,488   

NET ASSETS:

              

Paid-in capital

   $ 171,965,845       $ 49,633,678       $ 44,356,523       $ 2,356,886,869       $ 39,820,708   

Undistributed (Distributions in excess of) net investment income

     (1,992,495      25,574         1,817         4,961,413         852,852   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (59,923,485      (27,929,422      (19,466,785      (351,136,539      (7,823,257

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     11,510,136         (1,605,048      (6,924,581      361,694,382         1,570,185   

NET ASSETS

   $ 121,560,001       $ 20,124,782       $ 17,966,974       $ 2,372,406,125       $ 34,420,488   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     4,100,000         1,150,000         1,150,000         104,800,000         1,700,000   

Net asset value per share

   $ 29.65       $ 17.50       $ 15.62       $ 22.64       $ 20.25   
1 

Consolidated.

 

2 

Market value of securities out on loan were as follows: $10,757,826, $2,331,152, $4,229,658, $0 and $0, respectively.

 

See Notes to Financial Statements.

 

78   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Operations

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

For the Year Ended March 31, 2015

 

  

 

 

     

WisdomTree

Asia Pacific

ex-Japan Fund

    

WisdomTree

China Dividend

ex-Financials

Fund

    

WisdomTree

Commodity

Country Equity

Fund

    

WisdomTree

Emerging

Markets

Consumer

Growth Fund

    

WisdomTree

Emerging

Markets

Dividend

Growth Fund

 

INVESTMENT INCOME:

              

Dividends1

   $ 1,861,222       $ 533,108       $ 797,172       $ 505,269       $ 950,324   

Dividends from affiliates (Note 8)

     1,592                 1,567                   

Interest

     4                 2         3         5   

Securities lending income (Note 2)

     12,603         39,107         31,869         4,030         5,095   

Total investment income

     1,875,421         572,215         830,610         509,302         955,424   

EXPENSES:

              

Advisory fees (Note 3)

     233,517         113,663         99,446         127,722         196,781   

Service fees (Note 2)

     2,141         794         754         892         1,374   

Proxy fees (Note 2)

     3,442         921         1,360         553         904   

Total expenses

     239,100         115,378         101,560         129,167         199,059   

Expense waivers (Note 3)

     (72              (68                

Net expenses

     239,028         115,378         101,492         129,167         199,059   

Net investment income

     1,636,393         456,837         729,118         380,135         756,365   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions2

     134,636         (1,193,271      (670,594      (885,471      (2,177,670

Investment transactions in affiliates (Note 8)

     (5,532              (8,703                

In-kind redemptions

     760,414         1,216,017         536,333         713,375         801,601   

In-kind redemptions in affiliates (Note 8)

     16                 (162                

Forward foreign currency contracts and foreign currency related transactions

     (15,114      12         (7,822      (10,785      (11,600

Net realized gain (loss)

     874,420         22,758         (150,948      (182,881      (1,387,669

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions3

     342,728         1,786,690         (2,809,505      467,506         (646,877

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (4,032      2         (4,354      (1,720      (1,281

Net change in unrealized appreciation (depreciation)

     338,696         1,786,692         (2,813,859      465,786         (648,158

Net realized and unrealized gain (loss) on investments

     1,213,116         1,809,450         (2,964,807      282,905         (2,035,827

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 2,849,509       $ 2,266,287       $ (2,235,689    $ 663,040       $ (1,279,462
1 

Net of foreign withholding tax of $130,166, $40,428, $127,686, $58,712 and $123,890, respectively.

 

2 

Net of foreign capital gains tax withheld of $0, $0, $0, $15,859 and $0, respectively.

 

3 

Net reversal of deferred foreign capital gain tax of $0, $0, $0, $10,535 and $0, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      79   


Table of Contents

Statements of Operations (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

For the Year or Period Ended March 31, 2015

 

  

 

 

     

WisdomTree
Emerging

Markets Equity

Income Fund

    

WisdomTree
Emerging
Markets ex-

State-Owned

Enterprises

Fund1

    

WisdomTree

Emerging

Markets SmallCap

Dividend Fund

    

WisdomTree

Global Equity

Income Fund

    

WisdomTree

Global ex-U.S.

Dividend

Growth Fund

 

INVESTMENT INCOME:

              

Dividends2

   $ 164,265,256       $ 44,747       $ 60,097,748       $ 5,135,425       $ 1,869,411   

Dividends from affiliates (Note 8)

     10,814                 100,442         12,153         6,072   

Interest

     45                                   

Securities lending income (Note 2)

     2,069,612         56         1,637,076         133,804         34,709   

Total investment income

     166,345,727         44,803         61,835,266         5,281,382         1,910,192   

EXPENSES:

              

Advisory fees (Note 3)

     20,581,626         17,774         11,191,956         680,808         420,763   

Service fees (Note 2)

     143,745         136         78,166         5,165         3,192   

Proxy fees (Note 2)

     185,467                 71,791         5,326         2,702   

Total expenses

     20,910,838         17,910         11,341,913         691,299         426,657   

Expense waivers (Note 3)

     (2,589              (12,625      (309      (268

Net expenses

     20,908,249         17,910         11,329,288         690,990         426,389   

Net investment income

     145,437,478         26,893         50,505,978         4,590,392         1,483,803   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (246,601,540      (18,409      (123,107,656      387,746         (406,351

Investment transactions in affiliates (Note 8)

                     71,642         (26,719      (7,085

In-kind redemptions

     25,366,146                 74,951,309         3,806,854           

In-kind redemptions in affiliates (Note 8)

     1,779                 (10,866      98           

Forward foreign currency contracts and foreign currency related transactions

     (1,751,733      (14,121      (669,013      (43,799      (29,315

Net realized gain (loss)

     (222,985,348      (32,530      (48,764,584      4,124,180         (442,751

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     (206,066,650      95,534         (41,290,641      (11,992,391      (1,217

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (145,884      (319      (145,994      (18,299      (12,232

Net change in unrealized appreciation (depreciation)

     (206,212,534      95,215         (41,436,635      (12,010,690      (13,449

Net realized and unrealized gain (loss) on investments

     (429,197,882      62,685         (90,201,219      (7,886,510      (456,200

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ (283,760,404    $ 89,578       $ (39,695,241    $ (3,296,118    $ 1,027,603   
1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

 

2 

Net of foreign withholding tax of $21,345,299, $8,033, $9,310,024, $387,882 and $196,537, respectively.

 

See Notes to Financial Statements.

 

80   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Operations (concluded)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

For the Year Ended March 31, 2015

 

  

 

 

      WisdomTree
Global ex-U.S.
Real Estate
Fund
    

WisdomTree
Global ex-U.S.

Utilities Fund

    

WisdomTree
Global Natural

Resources Fund

    

WisdomTree
India Earnings

Fund1

    

WisdomTree
Middle East

Dividend Fund

 

INVESTMENT INCOME:

              

Dividends2

   $ 7,210,797       $ 1,145,973       $ 848,134       $ 34,445,000       $ 2,131,414   

Dividends from affiliates (Note 8)

     7,990         3,899         1,597                   

Interest

                                     427   

Securities lending income (Note 2)

     50,167         37,212         62,798                   

Total investment income

     7,268,954         1,187,084         912,529         34,445,000         2,131,841   

EXPENSES:

              

Advisory fees (Note 3)

     726,803         137,645         124,984         15,623,381         491,603   

Service fees (Note 2)

     5,514         1,044         948         82,823         2,458   

Interest expense (Note 9)

                             102,633           

Proxy fees (Note 2)

     7,151         1,884         1,566         33,120         1,907   

Total expenses

     739,468         140,573         127,498         15,841,957         495,968   

Expense waivers (Note 3)

     (715      (35      (7                

Net expenses

     738,753         140,538         127,491         15,841,957         495,968   

Net investment income

     6,530,201         1,046,546         785,038         18,603,043         1,635,873   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (292,585      (972,862      (1,849,861      46,515,664         1,528,932   

Investment transactions in affiliates (Note 8)

     (65,035      (4,666      (320                

In-kind redemptions

     6,031,103         1,449,802         54,146                   

In-kind redemptions in affiliates (Note 8)

     (1,155              (9                

Forward foreign currency contracts and foreign currency related transactions

     (34,864      (26,888      (8,379      (858,229      (144,763

Net realized gain (loss)

     5,637,464         445,386         (1,804,423      45,657,435         1,384,169   

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     2,117,284         (2,985,585      (4,350,213      132,196,159         (7,394,329

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (8,553      (2,999      (3,229      42,301         7   

Net change in unrealized appreciation (depreciation)

     2,108,731         (2,988,584      (4,353,442      132,238,460         (7,394,322

Net realized and unrealized gain (loss) on investments

     7,746,195         (2,543,198      (6,157,865      177,895,895         (6,010,153

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 14,276,396       $ (1,496,652    $ (5,372,827    $ 196,498,938       $ (4,374,280
1 

Consolidated.

 

2 

Net of foreign withholding tax of $502,773, $148,149, $78,617, $0 and $106,915, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      81   


Table of Contents

Statements of Changes in Net Assets

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

    

WisdomTree

Asia Pacific ex-Japan Fund

   

WisdomTree

China Dividend ex-Financials Fund

   

WisdomTree

Commodity Country Equity Fund

 
     For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 1,636,393      $ 2,529,926      $ 456,837      $ 697,375      $ 729,118      $ 842,377   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    874,420        485,059        22,758        (1,087,573     (150,948     (908,730

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    338,696        (5,832,833     1,786,692        (754,712     (2,813,859     (83,276

Net increase (decrease) in net assets resulting from operations

    2,849,509        (2,817,848     2,266,287        (1,144,910     (2,235,689     (149,629

DIVIDENDS:

           

Net investment income

    (1,585,507     (2,489,523     (427,018     (717,428     (754,412     (815,003

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

                  2,565,916                        

Cost of shares redeemed

    (6,805,857     (38,300,577     (5,215,961     (17,073,389     (7,186,372     (1,512,206

Net decrease in net assets resulting from capital share transactions

    (6,805,857     (38,300,577     (2,650,045     (17,073,389     (7,186,372     (1,512,206

Net Decrease in Net Assets

    (5,541,855     (43,607,948     (810,776     (18,935,727     (10,176,473     (2,476,838

NET ASSETS:

           

Beginning of period

  $ 52,578,639      $ 96,186,587      $ 17,395,655      $ 36,331,382      $ 21,522,137      $ 23,998,975   

End of period

  $ 47,036,784      $ 52,578,639      $ 16,584,879      $ 17,395,655      $ 11,345,664      $ 21,522,137   

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 59,872      $ 23,148      $ 4,102      $ (25,729   $ 48,368      $ 79,659   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    800,000        1,400,000        350,000        700,002        700,000        750,000   

Shares created

                  50,000                        

Shares redeemed

    (100,000     (600,000     (100,000     (350,002     (250,000     (50,000

Shares outstanding, end of period

    700,000        800,000        300,000        350,000        450,000        700,000   

 

See Notes to Financial Statements.

 

82   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

     WisdomTree
Emerging Markets
Consumer Growth Fund
    WisdomTree
Emerging Markets
Dividend Growth Fund
    WisdomTree
Emerging Markets
Equity Income Fund
 
     For the
Year Ended
March 31, 2015
    For the Period
September 27, 2013*
through
March 31, 2014
    For the
Year Ended
March 31, 2015
    For the Period
August 1, 2013*
through
March 31, 2014
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 380,135      $ 86,756      $ 756,365      $ 216,062      $ 145,437,478      $ 205,421,038   

Net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

    (182,881     (28,862     (1,387,669     (78,736     (222,985,348     (286,034,186

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    465,786        188,764        (648,158     209,578        (206,212,534     (311,092,877

Net increase (decrease) in net assets resulting from operations

    663,040        246,658        (1,279,462     346,904        (283,760,404     (391,706,025

DIVIDENDS:

           

Net investment income

    (374,552     (42,861     (632,102     (158,839     (150,590,028     (205,548,331

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    2,439,400        19,443,684        27,936,634        19,751,405        102,476,902        673,784,277   

Cost of shares redeemed

    (2,463,158     (94     (5,020,174     (96     (1,397,423,523     (1,662,744,077

Net increase (decrease) in net assets resulting from capital share transactions

    (23,758     19,443,590        22,916,460        19,751,309        (1,294,946,621     (988,959,800

Net Increase (Decrease) in Net Assets

    264,730        19,647,387        21,004,896        19,939,374        (1,729,297,053     (1,586,214,156

NET ASSETS:

           

Beginning of period

  $ 19,647,487      $ 100      $ 19,939,474      $ 100      $ 3,888,854,205      $ 5,475,068,361   

End of period

  $ 19,912,217      $ 19,647,487      $ 40,944,370      $ 19,939,474      $ 2,159,557,152      $ 3,888,854,205   

Undistributed net investment income included in net assets at end of period

  $ 60,717      $ 54,931      $ 184,912      $ 64,853      $ 482,542      $ 7,748,713   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    800,000        4        800,000        4        79,000,000        99,900,000   

Shares created

    100,000        800,000        1,100,000        800,000        2,200,000        13,300,000   

Shares redeemed

    (100,000     (4     (200,000     (4     (30,600,000     (34,200,000

Shares outstanding, end of period

    800,000        800,000        1,700,000        800,000        50,600,000        79,000,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      83   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

      WisdomTree
Emerging  Markets
ex-State-
Owned
Enterprises Fund
     WisdomTree
Emerging Markets
SmallCap Dividend Fund
     WisdomTree
Global Equity Income Fund
 
      For the Period
December 10, 2014*
through
March 31, 2015
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

           

Net investment income

   $ 26,893       $ 50,505,978       $ 49,362,809       $ 4,590,392       $ 5,216,677   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     (32,530      (48,764,584      (55,875,271      4,124,180         (4,113,299

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     95,215         (41,436,635      (86,026,596      (12,010,690      12,797,532   

Net increase (decrease) in net assets resulting from operations

     89,578         (39,695,241      (92,539,058      (3,296,118      13,900,910   

DIVIDENDS:

              

Net investment income

     (20,436      (51,526,431      (54,318,601      (4,555,009      (5,168,178

CAPITAL SHARE TRANSACTIONS:

              

Net proceeds from sale of shares

     10,000,000         197,770,356         593,919,699         2,283,977         11,320,726   

Cost of shares redeemed

             (507,206,009      (106,834,506      (16,241,360        

Net increase (decrease) in net assets resulting from capital share transactions

     10,000,000         (309,435,653      487,085,193         (13,957,383      11,320,726   

Net Increase (Decrease) in Net Assets

     10,069,142         (400,657,325      340,227,534         (21,808,510      20,053,458   

NET ASSETS:

              

Beginning of period

   $ 100       $ 1,814,326,535       $ 1,474,099,001       $ 123,526,501       $ 103,473,043   

End of period

   $ 10,069,242       $ 1,413,669,210       $ 1,814,326,535       $ 101,717,991       $ 123,526,501   

Undistributed net investment income included in net assets at end of period

   $ 30,495       $ 2,021,960       $ 1,932,638       $ 241,431       $ 256,630   

SHARES CREATED AND REDEEMED:

              

Shares outstanding, beginning of period

     4         39,100,000         28,800,000         2,600,000         2,350,000   

Shares created

     400,000         4,200,000         12,600,000         50,000         250,000   

Shares redeemed

             (11,500,000      (2,300,000      (350,000        

Shares outstanding, end of period

     400,004         31,800,000         39,100,000         2,300,000         2,600,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

84   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

    

WisdomTree

Global ex-U.S. Dividend Growth Fund

    WisdomTree
Global ex-U.S. Real Estate  Fund
    WisdomTree
Global ex-U.S. Utilities Fund
 
     For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 1,483,803      $ 1,879,048      $ 6,530,201      $ 4,233,371      $ 1,046,546      $ 1,398,657   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    (442,751     (1,376,995     5,637,464        444,958        445,386        (2,837,011

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (13,449     (135,134     2,108,731        (8,262,076     (2,988,584     5,329,144   

Net increase (decrease) in net assets resulting from operations

    1,027,603        366,919        14,276,396        (3,583,747     (1,496,652     3,890,790   

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (1,355,492     (1,834,214     (5,988,422     (4,770,599     (1,013,012     (1,422,728

Return of capital

                         (401,422              

Total dividends and distributions

    (1,355,492     (1,834,214     (5,988,422     (5,172,021     (1,013,012     (1,422,728

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    24,669,241        4,797,457        13,323,866        26,922,169        1,019,963        893,648   

Cost of shares redeemed

           (29,295,190     (27,775,762     (4,073,300     (8,632,891     (10,548,693

Net increase (decrease) in net assets resulting from capital share transactions

    24,669,241        (24,497,733     (14,451,896     22,848,869        (7,612,928     (9,655,045

Net Increase (Decrease) in Net Assets

    24,341,352        (25,965,028     (6,163,922     14,093,101        (10,122,592     (7,186,983

NET ASSETS:

           

Beginning of period

  $ 62,011,586      $ 87,976,614      $ 127,723,923      $ 113,630,822      $ 30,247,374      $ 37,434,357   

End of period

  $ 86,352,938      $ 62,011,586      $ 121,560,001      $ 127,723,923      $ 20,124,782      $ 30,247,374   

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 243,441      $ 166,028      $ (1,992,495   $ (6,751,704   $ 25,574      $ 31,800   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    1,200,000        1,700,000        4,600,000        3,800,000        1,550,000        2,100,000   

Shares created

    500,000        100,000        450,000        950,000        50,000        50,000   

Shares redeemed

           (600,000     (950,000     (150,000     (450,000     (600,000

Shares outstanding, end of period

    1,700,000        1,200,000        4,100,000        4,600,000        1,150,000        1,550,000   

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      85   


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

    

WisdomTree

Global Natural Resources Fund

   

WisdomTree

India Earnings Fund1

   

WisdomTree

Middle East Dividend Fund

 
     For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 785,038      $ 809,684      $ 18,603,043      $ 13,634,279      $ 1,635,873      $ 1,664,031   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    (1,804,423     (1,920,540     45,657,435        (132,148,355     1,384,169        203,740   

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (4,353,442     357,387        132,238,460        192,991,984        (7,394,322     7,294,584   

Net increase (decrease) in net assets resulting from operations

    (5,372,827     (753,469     196,498,938        74,477,908        (4,374,280     9,162,355   

DIVIDENDS:

           

Net investment income

    (818,563     (785,058     (13,679,148     (11,794,964     (1,679,464     (1,267,094

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    4,589,603               1,402,033,920        253,828,101        35,127,164        31,324,349   

Cost of shares redeemed

    (2,814,089     (1,042,425     (151,511,226     (448,521,614     (48,370,043       

Net increase (decrease) in net assets resulting from capital share transactions

    1,775,514        (1,042,425     1,250,522,694        (194,693,513     (13,242,879     31,324,349   

Net Increase (Decrease) in Net Assets

    (4,415,876     (2,580,952     1,433,342,484        (132,010,569     (19,296,623     39,219,610   

NET ASSETS:

           

Beginning of period

  $ 22,382,850      $ 24,963,802      $ 939,063,641      $ 1,071,074,210      $ 53,717,111      $ 14,497,501   

End of period

  $ 17,966,974      $ 22,382,850      $ 2,372,406,125      $ 939,063,641      $ 34,420,488      $ 53,717,111   

Undistributed net investment income included in net assets at end of period

  $ 1,817      $ 50,346      $ 4,961,413      $ 870,892      $ 852,852      $ 501,227   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    1,050,000        1,100,000        49,600,000        59,600,000        2,400,000        900,000   

Shares created

    250,000               62,000,000        16,800,000        1,500,000        1,500,000   

Shares redeemed

    (150,000     (50,000     (6,800,000     (26,800,000     (2,200,000       

Shares outstanding, end of period

    1,150,000        1,050,000        104,800,000        49,600,000        1,700,000        2,400,000   
1 

Consolidated.

 

See Notes to Financial Statements.

 

86   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Financial Highlights

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Asia Pacific ex-Japan Fund   For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 20121
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 65.72      $ 68.70      $ 64.05      $ 67.99      $ 61.40   

Investment operations:

         

Net investment income2

    2.29        2.25        2.27        2.14        2.51   

Net realized and unrealized gain (loss)

    1.46        (3.01     4.65        (3.85     6.59   

Total from investment operations

    3.75        (0.76     6.92        (1.71     9.10   

Dividends to shareholders:

         

Net investment income

    (2.27     (2.22     (2.27     (2.23     (2.51

Net asset value, end of period

  $ 67.20      $ 65.72      $ 68.70      $ 64.05      $ 67.99   

TOTAL RETURN3

    5.71     (0.98 )%      11.18     (2.22 )%      15.33

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 47,037      $ 52,579      $ 96,187      $ 89,672      $ 88,388   

Ratios to average net assets4 of:

         

Expenses6

    0.49 %5      0.48 %7      0.48 %7      0.48 %      0.48 % 

Net investment income

    3.36     3.35 %7      3.53 %7      3.42     4.05

Portfolio turnover rate8

    17     21     26     60     27

 

       
WisdomTree China Dividend ex-Financials Fund    For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
     For the Period
September 19, 2012*
through
March 28, 2013
 

Net asset value, beginning of period

   $ 49.70       $ 51.90       $ 50.02   

Investment operations:

        

Net investment income (loss)2

     1.33         1.39         (0.14

Net realized and unrealized gain (loss)

     5.48         (2.15      2.02   

Total from investment operations

     6.81         (0.76      1.88   

Dividends to shareholders:

        

Net investment income

     (1.23      (1.44        

Net asset value, end of period

   $ 55.28       $ 49.70       $ 51.90   

TOTAL RETURN3

     13.86      (1.32 )%       3.76

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 16,585       $ 17,396       $ 36,331   

Ratios to average net assets of:

        

Expenses

     0.64 %9       0.63 %7       0.63 %7 

Net investment income (loss)

     2.53      2.75 %7       (0.51 )%7 

Portfolio turnover rate8

     30      21      0
* Commencement of operations.

 

1 

The information reflects the investment objective and strategy of the WisdomTree Pacific ex-Japan Total Dividend Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Asia Pacific ex-Japan Fund thereafter.

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Asia Pacific ex-Japan Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Annualized.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

9 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      87   


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Commodity Country Equity Fund   For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 20121
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 30.75      $ 32.00      $ 31.44      $ 33.21      $ 28.90   

Investment operations:

         

Net investment income2

    1.25        1.14        1.13        1.09        0.53   

Net realized and unrealized gain (loss)

    (5.49     (1.29     0.56        (1.76     4.33   

Total from investment operations

    (4.24     (0.15     1.69        (0.67     4.86   

Dividends to shareholders:

         

Net investment income

    (1.30     (1.10     (1.13     (1.10     (0.55

Net asset value, end of period

  $ 25.21      $ 30.75      $ 32.00      $ 31.44      $ 33.21   

TOTAL RETURN3

    (14.32 )%      (0.22 )%      5.72     (1.77 )%      17.31

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 11,346      $ 21,522      $ 23,999      $ 31,439      $ 43,172   

Ratios to average net assets4 of:

         

Expenses6

    0.59 %5      0.58 %7      0.58 %7      0.58 %      0.58 % 

Net investment income

    4.25     3.75 %7      3.71 %7      3.52     1.86

Portfolio turnover rate8

    20     23     22     116     35

 

     
WisdomTree Emerging Markets Consumer Growth Fund    For the
Year Ended
March 31, 2015
     For the Period
September 27, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 24.56       $ 24.79   

Investment operations:

     

Net investment income2

     0.48         0.17   

Net realized and unrealized gain (loss)

     0.32         (0.33

Total from investment operations

     0.80         (0.16

Dividends to shareholders:

     

Net investment income

     (0.47      (0.07

Net asset value, end of period

   $ 24.89       $ 24.56   

TOTAL RETURN3

     3.24      (0.63 )% 

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 19,912       $ 19,647   

Ratios to average net assets of:

     

Expenses

     0.64 %9       0.63 %7 

Net investment income

     1.88      1.46 %7 

Portfolio turnover rate8

     41      7
* Commencement of operations.

 

1 

The information reflects the investment objective and strategy of the WisdomTree International Basic Materials Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Commodity Country Equity Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Commodity Country Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Annualized.

 

8 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

9 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

See Notes to Financial Statements.

 

88   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets Dividend Growth Fund   For the
Year Ended
March 31, 2015
    For the Period
August 1, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

  $ 24.92      $ 25.22   

Investment operations:

   

Net investment income1

    0.61        0.33   

Net realized and unrealized loss

    (0.87     (0.42

Total from investment operations

    (0.26     (0.09

Dividends to shareholders:

   

Net investment income

    (0.58     (0.21

Net asset value, end of period

  $ 24.08      $ 24.92   

TOTAL RETURN2

    (1.19 )%      (0.33 )% 

RATIOS/SUPPLEMENTAL DATA:

   

Net assets, end of period (000’s omitted)

  $ 40,944      $ 19,939   

Ratios to average net assets of:

   

Expenses

    0.64 %3      0.63 %4 

Net investment income

    2.42     2.03 %4 

Portfolio turnover rate5

    47     3

 

           
WisdomTree Emerging Markets Equity
Income Fund
  For the
Year Ended
March 31, 2015
    For the Period
Ended
March 31, 2014
    For the Period
Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 49.23      $ 54.81      $ 57.34      $ 60.51      $ 52.02   

Investment operations:

         

Net investment income1

    2.16        2.16        1.78        2.25        1.89   

Net realized and unrealized gain (loss)

    (6.57     (5.60     (2.50     (3.11     8.55   

Total from investment operations

    (4.41     (3.44     (0.72     (0.86     10.44   

Dividends to shareholders:

         

Net investment income

    (2.14     (2.14     (1.81     (2.31     (1.95

Net asset value, end of period

  $ 42.68      $ 49.23      $ 54.81      $ 57.34      $ 60.51   

TOTAL RETURN2

    (9.40 )%      (6.22 )%      (1.05 )%      (1.03 )%      20.75

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 2,159,557      $ 3,888,854      $ 5,475,068      $ 3,640,891      $ 1,325,257   

Ratios to average net assets6 of:

         

Expenses7

    0.64 %3      0.63 %4      0.63 %4      0.63 %      0.63 % 

Net investment income

    4.45     4.20 %4      3.32 %4      4.12     3.47

Portfolio turnover rate5

    39     39     47     37     33
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Emerging Market Equity Income Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

6 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

7 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      89   


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund   For the Period
December 10, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

  $ 24.59   

Investment operations:

 

Net investment income1

    0.07   

Net realized and unrealized gain

    0.56   

Total from investment operations

    0.63   

Dividends to shareholders:

 

Net investment income

    (0.05

Net asset value, end of period

  $ 25.17   

TOTAL RETURN2

    2.57

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 10,069   

Ratios to average net assets of:

 

Expenses

    0.58 %3 

Net investment income

    0.88 %3 

Portfolio turnover rate4

    2

 

           
WisdomTree Emerging Markets SmallCap
Dividend Fund
  For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 46.40      $ 51.18      $ 47.80      $ 53.30      $ 44.51   

Investment operations:

         

Net investment income1

    1.32        1.40        1.15        1.47        1.32   

Net realized and unrealized gain (loss)

    (1.97     (4.57     3.69        (5.31     8.86   

Total from investment operations

    (0.65     (3.17     4.84        (3.84     10.18   

Dividends to shareholders:

         

Net investment income

    (1.29     (1.61     (1.46     (1.66     (1.39

Net asset value, end of period

  $ 44.46      $ 46.40      $ 51.18      $ 47.80      $ 53.30   

TOTAL RETURN2

    (1.51 )%      (6.08 )%      10.58     (6.88 )%      23.38

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 1,413,669      $ 1,814,327      $ 1,474,099      $ 1,022,868      $ 927,463   

Ratios to average net assets5 of:

         

Expenses7

    0.64 %6      0.63 %3      0.63 %3      0.63 %8      0.63 %8 

Net investment income

    2.84     2.96 %3      2.49 %3      3.13     2.68

Portfolio turnover rate4

    42     26     44     53     35
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Emerging Market SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

7 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

8 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the WisdomTree India Earnings Fund that were paid indirectly by the Fund. The Fund invested a portion of its assets in the WisdomTree India Earnings Fund in order to achieve exposure to securities in India.

 

See Notes to Financial Statements.

 

90   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global Equity Income Fund   For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 47.51      $ 44.03      $ 41.50      $ 44.66      $ 40.99   

Investment operations:

         

Net investment income1

    1.83        2.11        1.68        1.86        1.52   

Net realized and unrealized gain (loss)

    (3.28     3.46        2.51        (3.14     3.63   

Total from investment operations

    (1.45     5.57        4.19        (1.28     5.15   

Dividends to shareholders:

         

Net investment income

    (1.83     (2.09     (1.66     (1.88     (1.48

Net asset value, end of period

  $ 44.23      $ 47.51      $ 44.03      $ 41.50      $ 44.66   

TOTAL RETURN2

    (3.23 )%      13.13     10.51     (2.70 )%      13.12

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 101,718      $ 123,527      $ 103,473      $ 91,304      $ 78,147   

Ratios to average net assets3 of:

         

Expenses6

    0.59 %4      0.58 %5      0.58 %5      0.58     0.58

Net investment income

    3.91     4.60 %5      4.10 %5      4.53     3.74

Portfolio turnover rate7

    30     25     32     25     35

 

           
WisdomTree Global ex-U.S. Dividend
Growth Fund
  For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 51.68      $ 51.75      $ 50.70      $ 54.94      $ 49.61   

Investment operations:

         

Net investment income1

    1.05        1.38        1.34        1.39        1.41   

Net realized and unrealized gain (loss)

    (0.91     (0.19     1.08        (4.32     5.22   

Total from investment operations

    0.14        1.19        2.42        (2.93     6.63   

Dividends to shareholders:

         

Net investment income

    (1.02     (1.26     (1.37     (1.31     (1.30

Net asset value, end of period

  $ 50.80      $ 51.68      $ 51.75      $ 50.70      $ 54.94   

TOTAL RETURN2

    0.24     2.53     5.03     (5.20 )%      13.67

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 86,353      $ 62,012      $ 87,977      $ 55,774      $ 49,446   

Ratios to average net assets3 of:

         

Expenses, net of expense waivers

    0.59 %4      0.58 %5      0.58 %5      0.58 %8      0.57 %8 

Expenses, prior to expense waivers

    0.59 %4      0.58 %5      0.58 %5      0.58     0.58

Net investment income

    2.05     2.73 %5      2.72 %5      2.73     2.80

Portfolio turnover rate7

    64     93     59     28     68
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

5 

Annualized.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

8 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the WisdomTree India Earnings Fund that were paid indirectly by the Fund. The Fund invests a portion of its assets in the WisdomTree India Earnings Fund in order to achieve exposure to securities in India.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      91   


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global ex-U.S. Real Estate Fund   For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 20121
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 27.77      $ 29.90      $ 26.40      $ 28.86      $ 26.75   

Investment operations:

         

Net investment income2

    1.54        0.96        0.97        1.15        0.96   

Net realized and unrealized gain (loss)

    1.75        (1.84     4.87        (2.32     3.83   

Total from investment operations

    3.29        (0.88     5.84        (1.17     4.79   

Dividends and distributions to shareholders:

         

Net investment income

    (1.41     (1.17     (2.34     (1.21     (2.68

Return of capital

           (0.08            (0.08       

Total dividends and distributions to shareholders

    (1.41     (1.25     (2.34     (1.29     (2.68

Net asset value, end of period

  $ 29.65      $ 27.77      $ 29.90      $ 26.40      $ 28.86   

TOTAL RETURN3

    12.08     (2.70 )%      22.62     (3.99 )%      18.81

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 121,560      $ 127,724      $ 113,631      $ 108,221      $ 122,670   

Ratios to average net assets4 of:

         

Expenses9

    0.59 %5      0.58 %6      0.58 %6      0.58     0.58

Net investment income

    5.21     3.37 %6      3.42 %6      4.36     3.48

Portfolio turnover rate7

    26     18     23     43     18

 

           
WisdomTree Global ex-U.S. Utilities Fund   For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 20128
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 19.51      $ 17.83      $ 18.90      $ 21.33      $ 21.46   

Investment operations:

         

Net investment income2

    0.85        0.76        0.74        0.87        0.84   

Net realized and unrealized gain (loss)

    (2.03     1.69        (1.07     (2.45     (0.06

Total from investment operations

    (1.18     2.45        (0.33     (1.58     0.78   

Dividends to shareholders:

         

Net investment income

    (0.83     (0.77     (0.74     (0.85     (0.91

Net asset value, end of period

  $ 17.50      $ 19.51      $ 17.83      $ 18.90      $ 21.33   

TOTAL RETURN3

    (6.44 )%      14.34     (1.54 )%      (7.41 )%      4.27

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 20,125      $ 30,247      $ 37,434      $ 30,241      $ 37,335   

Ratios to average net assets4 of:

         

Expenses9

    0.59 %5      0.58 %6      0.58 %6      0.58     0.58

Net investment income

    4.41     4.18 %6      4.21 %6      4.48     4.22

Portfolio turnover rate7

    36     37     33     66     19
1 

The information reflects the investment objective and strategy of the WisdomTree International Real Estate Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global ex-U.S. Real Estate Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

6 

Annualized.

 

7 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

8 

The information reflects the investment objective and strategy of the WisdomTree International Utilities Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global ex-U.S. Utilities Fund thereafter.

 

9 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

92   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global Natural Resources Fund   For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 20121
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 21.32      $ 22.69      $ 25.16      $ 29.86      $ 24.63   

Investment operations:

         

Net investment income2

    0.72        0.74        0.80        0.93        0.72   

Net realized and unrealized gain (loss)

    (5.67     (1.39     (2.45     (4.74     5.19   

Total from investment operations

    (4.95     (0.65     (1.65     (3.81     5.91   

Dividends and distributions to shareholders:

         

Net investment income

    (0.75     (0.72     (0.82     (0.89     (0.68

Return of capital

                  (0.00 )3               

Total dividends and distributions to shareholders

    (0.75     (0.72     (0.82     (0.89     (0.68

Net asset value, end of period

  $ 15.62      $ 21.32      $ 22.69      $ 25.16      $ 29.86   

TOTAL RETURN4

    (23.84 )%      (2.72 )%      (6.55 )%      (12.70 )%      24.74

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 17,967      $ 22,383      $ 24,964      $ 31,452      $ 49,273   

Ratios to average net assets5 of:

         

Expenses8

    0.59 %6      0.58 %7      0.58 %7      0.58     0.58

Net investment income

    3.64     3.45 %7      3.45 %7      3.54     2.90

Portfolio turnover rate9

    34     30     38     99     32

 

           
WisdomTree India Earnings Fund (consolidated)   For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

  $ 18.93      $ 17.97      $ 19.24      $ 24.87      $ 23.25   

Investment operations:

         

Net investment income2

    0.22        0.25        0.17        0.19        0.09   

Net realized and unrealized gain (loss)

    3.65        0.94        (1.29     (5.65     1.67   

Total from investment operations

    3.87        1.19        (1.12     (5.46     1.76   

Dividends to shareholders:

         

Net investment income

    (0.16     (0.23     (0.15     (0.17     (0.14

Net asset value, end of year

  $ 22.64      $ 18.93      $ 17.97      $ 19.24      $ 24.87   

TOTAL RETURN4

    20.44     6.81     (5.80 )%      (21.96 )%      7.59

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of year (000’s omitted)

  $ 2,372,406      $ 939,064      $ 1,071,074      $ 916,024      $ 1,487,089   

Ratios to average net assets of:

         

Expenses, net of expense reimbursements

    0.84 %6,10      0.84 %10      0.84 %11      0.76 %11,12      0.88 %11 

Expenses, prior to expense reimbursements

    0.84 %6,10      0.84 %10      0.86 %11      0.82 %11      0.88 %11 

Net investment income

    0.99     1.49     0.91     0.91     0.36

Portfolio turnover rate9

    26     43     27     32     38
1 

The information reflects the investment objective and strategy of the WisdomTree International Energy Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global Natural Resources Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Amount represents less than $0.005.

 

4 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment adviser waived advisory fees for the WisdomTree Global Natural Resources Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58% and 0.84%, for WisdomTree Global Natural Resources Fund and WisdomTree India Earnings Fund, respectively.

 

7 

Annualized.

 

8 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

9 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

10 

Includes interest expense of 0.01% and 0.01% for the fiscal years ended 2015 and 2014, respectively.

 

11 

Excludes Mauritius income tax expense (see Note 7). If Mauritius income tax expense had been included, the Fund’s expense ratios (before and after expense reimbursements) would have been higher by: 0.02%, 0.06% and 0.04% for the fiscal years ended 2013, 2012 and 2011.

 

12 

During the period, the Fund was reimbursed for certain expenses that occurred during the previous fiscal year.

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (concluded)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Middle East Dividend Fund   For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of period

  $ 22.38      $ 16.11      $ 15.60      $ 16.31      $ 15.64   

Investment operations:

         

Net investment income1

    0.67        1.28        0.63        0.83        0.68   

Net realized and unrealized gain (loss)

    (2.06     5.71        0.59        (0.61     0.49   

Total from investment operations

    (1.39     6.99        1.22        0.22        1.17   

Dividends to shareholders:

         

Net investment income

    (0.74     (0.72     (0.71     (0.93     (0.50

Net asset value, end of period

  $ 20.25      $ 22.38      $ 16.11      $ 15.60      $ 16.31   

TOTAL RETURN2

    (6.28 )%      44.12     8.46     1.35     7.95

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 34,420      $ 53,717      $ 14,498      $ 14,038      $ 19,571   

Ratios to average net assets of:

         

Expenses, net of expense waivers

    0.89 %3      0.88 %4      0.88 %4      0.88     0.88

Expenses, prior to expense waivers

    0.89 %3      0.88 %4      1.35 %4      1.83     2.17

Net investment income

    2.93     6.61 %4      4.26 %4      5.31     4.33

Portfolio turnover rate5

    89     26     52     37     50
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Notes 2 and 3).

 

3 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.88%.

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

94   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2015, the Trust offered 70 investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standards Update 2013-08, Financial Services-Investment Companies, each Fund qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:

 

Fund    Commencement
of Operations
 

WisdomTree Asia Pacific ex-Japan Fund (“Asia Pacific ex-Japan Fund”)

     June 16, 2006   

WisdomTree China Dividend ex-Financials Fund (“China Dividend ex-Financials Fund”)

     September 19, 2012   

WisdomTree Commodity Country Equity Fund (“Commodity Country Equity Fund”)

     October 13, 2006   

WisdomTree Emerging Markets Consumer Growth Fund (“Emerging Markets Consumer Growth Fund”)

     September 27, 2013   

WisdomTree Emerging Markets Dividend Growth Fund (“Emerging Markets Dividend Growth Fund”)

     August 1, 2013   

WisdomTree Emerging Markets Equity Income Fund (“Emerging Markets Equity Income Fund”)

     July 13, 2007   

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (“Emerging Markets ex-State-Owned Enterprises Fund”)

     December 10, 2014   

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund”)

     October 30, 2007   

WisdomTree Global Equity Income Fund (“Global Equity Income Fund”)

     June 16, 2006   

WisdomTree Global ex-U.S. Dividend Growth Fund (“Global ex-U.S. Dividend Growth Fund”)

     June 16, 2006   

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

     June 5, 2007   

WisdomTree Global ex-U.S. Utilities Fund (“Global ex-U.S. Utilities Fund”)

     October 13, 2006   

WisdomTree Global Natural Resources Fund (“Global Natural Resources Fund”)

     October 13, 2006   

WisdomTree India Earnings Fund (“India Earnings Fund”) (consolidated)

     February 22, 2008   

WisdomTree Middle East Dividend Fund (“Middle East Dividend Fund”)

     July 16, 2008   

The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius. The Portfolio was incorporated under the provisions of the Mauritius Companies Act, 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission. The Portfolio is advised by WisdomTree Asset Management, Inc. (“WTAM”) and is sub-advised by Mellon Capital Management Corporation (“MCM”). For the India Earnings Fund, the accompanying financial statements reflect the financial position of the Fund and the results of operations on a consolidated basis with the Portfolio. All inter-company accounts and transactions have been eliminated in the consolidation.

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WTAM, the investment adviser to each Fund and the Trust. “WisdomTree” is a registered mark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified. The securities in each Index are weighted based on earnings or earnings yield.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per

 

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Table of Contents

Notes to Financial Statements (continued)

 

share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees. Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Short-term debt securities with remaining maturities of 60 days or less generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the exchange on which they are principally traded. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time. Fixed income securities generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing services. Broker-dealers or independent pricing service providers, in determining the value of securities may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

 

96   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Notes to Financial Statements (continued)

 

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

The following is a summary of the fair valuations according to the inputs used as of March 31, 2015 in valuing each Fund’s assets:

 

Asia Pacific ex-Japan Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 45,597,653       $       $   

Exchange-Traded Note

     1,234,320                   

Investment of Cash Collateral for Securities Loaned

             2,197,864           

Total

   $ 46,831,973       $ 2,197,864       $   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (168        

Total - Net

   $ 46,831,973       $ 2,197,696       $   
        
China Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Pharmaceuticals

   $ 189,199       $ 75,019       $   

Other*

     16,315,651                   

Investment of Cash Collateral for Securities Loaned

             2,523,384           

Total

   $ 16,504,850       $ 2,598,403       $   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (3        

Total - Net

   $ 16,504,850       $ 2,598,400       $   
        
Commodity Country Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 11,270,124       $       $   

Exchange-Traded Fund

     19,013                   

Investment of Cash Collateral for Securities Loaned

             1,847,634           

Total

   $ 11,289,137       $ 1,847,634       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             13           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (48        

Total - Net

   $ 11,289,137       $ 1,847,599       $   

 

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Table of Contents

Notes to Financial Statements (continued)

 

Emerging Markets Consumer Growth Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 5,523,374       $ 59,942       $   

Other*

     14,254,231                   

Warrants*

     95                   

Investment of Cash Collateral for Securities Loaned

             1,174,435           

Total

   $ 19,777,700       $ 1,234,377       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             2,298           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (1,518        

Total - Net

   $ 19,777,700       $ 1,235,157       $   
        
Emerging Markets Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 39,373,308       $       $   

Warrants*

     808                   

Exchange-Traded Note

     1,374,852                   

Investment of Cash Collateral for Securities Loaned

             840,266           

Total

   $ 40,748,968       $ 840,266       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             400           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (138        

Total - Net

   $ 40,748,968       $ 840,528       $   
        
Emerging Markets Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,149,500,091       $       $   

Exchange-Traded Fund

     2,103,933                   

Investment of Cash Collateral for Securities Loaned

             100,263,965           

Total

   $ 2,151,604,024       $ 100,263,965       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             34,089           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (39,664        

Total - Net

   $ 2,151,604,024       $ 100,258,390       $   
        
Emerging Markets ex-State-Owned Enterprises Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 2,216,682       $ 11,670       $   

Other*

     7,365,996                   

Rights*

             293           

Exchange-Traded Note

     450,131                   

Investment of Cash Collateral for Securities Loaned

             178,829           

Total

   $ 10,032,809       $ 190,792       $   
        

 

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Table of Contents

Notes to Financial Statements (continued)

 

Emerging Markets SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 123,479,444       $ 5,475,562       $   

Other*

     1,263,116,192                   

Warrants*

     79,091                   

Exchange-Traded Funds and Notes

     14,373,778                   

Investment of Cash Collateral for Securities Loaned

             72,570,143           

Total

   $ 1,401,048,505       $ 78,045,705       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             14,426           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (11,018        

Total - Net

   $ 1,401,048,505       $ 78,049,113       $   
        
Global Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 100,986,270       $       $   

Rights*

     9,484                   

Exchange-Traded Funds

     145,844                   

Investment of Cash Collateral for Securities Loaned

             12,301,912           

Total

   $ 101,141,598       $ 12,301,912       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             112           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (145        

Total - Net

   $ 101,141,598       $ 12,301,879       $   
        
Global ex-U.S. Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 83,710,106       $       $   

Rights*

             2,609           

Exchange-Traded Funds and Notes

     2,253,991                   

Investment of Cash Collateral for Securities Loaned

             5,648,910           

Total

   $ 85,964,097       $ 5,651,519       $   
        
Global ex-U.S. Real Estate Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 121,149,373       $       $   

Rights*

             750           

Warrants*

     3,433                   

Investment of Cash Collateral for Securities Loaned

             11,108,311           

Total

   $ 121,152,806       $ 11,109,061       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             1,228           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (3,055        

Total - Net

   $ 121,152,806       $ 11,107,234       $   
        
Global ex-U.S. Utilities Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 19,729,246       $       $   

Exchange-Traded Funds and Notes

     350,678                   

Investment of Cash Collateral for Securities Loaned

             2,317,644           

Total

   $ 20,079,924       $ 2,317,644       $   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (9        

Total - Net

   $ 20,079,924       $ 2,317,635       $   
        

 

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Table of Contents

Notes to Financial Statements (continued)

 

Global Natural Resources Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 17,812,791       $       $   

Exchange-Traded Funds and Notes

     65,288                   

Investment of Cash Collateral for Securities Loaned

             4,091,821           

Total

   $ 17,878,079       $ 4,091,821       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             18           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (8        

Total - Net

   $ 17,878,079       $ 4,091,831       $   
        
India Earnings Fund (consolidated)    Level 1      Level 2      Level 3  

Foreign Corporate Bond

   $       $ 4,446,855       $   

Common Stocks

                          

Paper & Forest Products

                     0 ** 

Other*

     2,366,473,756                   

Total

   $ 2,366,473,756       $ 4,446,855       $ 0 ** 
        
Middle East Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Qatar

   $ 11,127,215       $ 131,628       $   

Other*

     22,614,498                   

Convertible Bonds

             23,345           

Total

   $ 33,741,713       $ 154,973       $   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (32        

Total - Net

   $ 33,741,713       $ 154,941       $   
  * Please refer to Schedule of Investments for a breakdown by industry type or country.
  ** Security is being fair valued by the Pricing Committee. The aggregate value of fair valued securities is $0.

The following is a summary of transfers between fair value measurement levels that occurred during fiscal year ended March 31, 2015. The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

 

Fund    Transfers from
Level 1 to Level 21
 

Emerging Markets Consumer Growth Fund

   $ 100,864   

Emerging Markets SmallCap Dividend Fund

   $ 3,729,529   

Middle East Dividend Fund

   $ 38,847   
  1 

Transfers from Level 1 to Level 2 are as a result of the unavailability of a quoted price in an active market for identical investments as of March 31, 2015.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically forward foreign currency contracts during the fiscal year or period ended March 31, 2015 which are detailed in the tables herein. The Funds’ derivative agreements contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at March 31, 2015 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on page 108. At March 31, 2015, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

The Funds listed below have invested in derivatives, specifically forward foreign currency contracts for the fiscal year or period ended March 31, 2015, which are detailed in the tables herein. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into forward foreign currency contracts from the potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

 

100   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Notes to Financial Statements (continued)

 

As of March 31, 2015, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

Fund

   Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

Asia Pacific ex-Japan Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts    $       Unrealized depreciation on forward foreign currency contracts    $ 168   

China Dividend ex-Financials Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      3   

Commodity Country Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      13       Unrealized depreciation on forward foreign currency contracts      48   

Emerging Markets Consumer Growth Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      2,298       Unrealized depreciation on forward foreign currency contracts      1,518   

Emerging Markets Dividend Growth Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      400       Unrealized depreciation on forward foreign currency contracts      138   

Emerging Markets Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      34,089       Unrealized depreciation on forward foreign currency contracts      39,664   

Emerging Markets SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      14,426       Unrealized depreciation on forward foreign currency contracts      11,018   

Global Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      112       Unrealized depreciation on forward foreign currency contracts      145   

Global ex-U.S. Real Estate Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      1,228       Unrealized depreciation on forward foreign currency contracts      3,055   

Global ex-U.S. Utilities Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      9   

Global Natural Resources Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      18       Unrealized depreciation on forward foreign currency contracts      8   

Middle East Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      32   

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      101   


Table of Contents

Notes to Financial Statements (continued)

 

For the fiscal year or period ended March 31, 2015, the effect of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or (Depreciation)  on
Derivatives Recognized2
 

Asia Pacific ex-Japan Fund

     

Foreign exchange contracts

   $ 1,740       $ (168

China Dividend ex-Financials Fund

     

Foreign exchange contracts

     293         (3

Commodity Country Equity Fund

     

Foreign exchange contracts

     (2,373      (35

Emerging Markets Consumer Growth Fund

     

Foreign exchange contracts

     (19,375      809   

Emerging Markets Dividend Growth Fund

     

Foreign exchange contracts

     (12,488      262   

Emerging Markets Equity Income Fund

     

Foreign exchange contracts

     (110,126      8,569   

Emerging Markets ex-State-Owned Enterprises Fund3

     

Foreign exchange contracts

     (22,726        

Emerging Markets SmallCap Dividend Fund

     

Foreign exchange contracts

     (493,559      18,517   

Global Equity Income Fund

     

Foreign exchange contracts

     16,806         (33

Global ex-U.S. Dividend Growth Fund

     

Foreign exchange contracts

     23,388           

Global ex-U.S. Real Estate Fund

     

Foreign exchange contracts

     (4,209      (3,795

Global ex-U.S. Utilities Fund

     

Foreign exchange contracts

     7,602         (8

Global Natural Resources Fund

     

Foreign exchange contracts

     9,829         10   

India Earnings Fund (consolidated)

     

Foreign exchange contracts

     (302,259      3,527   

Middle East Dividend Fund

     

Foreign exchange contracts

     (96,057      (32

 

  1 

Realized gains (losses) on derivatives are located on the Statement of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statement of Operations as follows:

 

Foreign exchange contracts

   Net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

 

  3 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

 

102   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year or period ended March 31, 2015, the volume of derivative activity (based on the average of month-end balances) for the Funds was as follows:

 

      Average Notional  
Fund    Forward foreign
currency
contracts
(to deliver)
     Forward foreign
currency
contracts
(to receive)
 

Asia Pacific ex-Japan Fund

     

Foreign exchange contracts

   $ 9,926       $ 5,894   

China Dividend ex-Financials Fund

     

Foreign exchange contracts

             3,224   

Commodity Country Equity Fund

     

Foreign exchange contracts

     2,069         16,219   

Emerging Markets Consumer Growth Fund

     

Foreign exchange contracts

     8,467         9,879   

Emerging Markets Dividend Growth Fund

     

Foreign exchange contracts

     55,918         17,008   

Emerging Markets Equity Income Fund

     

Foreign exchange contracts

     1,725,265         3,567,904   

Emerging Markets ex-State-Owned Enterprises Fund1

     

Foreign exchange contracts

     2,132,341         90,612   

Emerging Markets SmallCap Dividend Fund

     

Foreign exchange contracts

     2,341,191         4,364,864   

Global Equity Income Fund

     

Foreign exchange contracts

     24,329         36,667   

Global ex-U.S. Dividend Growth Fund

     

Foreign exchange contracts

     774         10,646   

Global ex-U.S. Real Estate Fund

     

Foreign exchange contracts

     273,220         120,817   

Global ex-U.S. Utilities Fund

     

Foreign exchange contracts

     6,559         8,391   

Global Natural Resources Fund

     

Foreign exchange contracts

     1,811         2,901   

India Earnings Fund (consolidated)

     

Foreign exchange contracts

     3,848,817         442,107   

Middle East Dividend Fund

     

Foreign exchange contracts

     21,634         510,480   
  1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015, the volume of derivative activity for the period is based on intra-month balances.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premiums and discounts, is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statement of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of forward foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statement of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      103   


Table of Contents

Notes to Financial Statements (continued)

 

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except Emerging Markets Consumer Growth Fund and Emerging Markets Dividend Growth Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Emerging Markets Consumer Growth Fund and Emerging Markets Dividend Growth Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

The internal expenses of pooled investment vehicles in which the Funds may invest (acquired fund fees and expenses) are not expenses of the Funds and are not paid by WTAM.

During the fiscal year or period ended March 31, 2015, the Trust incurred expenses pertaining to proxy printing, mailing and solicitation. These proxy expenses are not paid by WTAM. During the period, each Fund in the Trust bore its pro rata allocation of these proxy expenses.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into forward foreign currency contracts to facilitate local securities settlements or to protect against currency exposure in connection with distributions to shareholders. The Funds do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold.

 

104   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Notes to Financial Statements (continued)

 

The following Forward Contracts were open at March 31, 2015:

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Asia Pacific ex-Japan Fund

                                               
   4/1/2015      HKD        410,000         AUD        69,063       $ (122
   4/1/2015      USD        22,965         AUD        30,000         (46
                                            $ (168

China Dividend ex-Financials Fund

                                               
     4/1/2015      HKD        68,892         USD        8,883       $ (3

Commodity Country Equity Fund

                                               
   4/1/2015      USD        1,361         BRL        4,365       $ 4   
   4/1/2015      USD        4,296         CAD        5,451         9   
   4/1/2015      USD        1,090         NOK        8,727         (7
   4/2/2015      AUD        8,701         USD        6,629         (18
   4/2/2015      NZD        9,026         USD        6,747         (22
   4/8/2015      USD        2,511         ZAR        30,418         (1
                                            $ (35

Emerging Markets Consumer Growth Fund

                                               
   4/2/2015      USD        75,000         ZAR        890,327       $ (1,518
   4/2/2015      ZAR        1,347,954         USD        113,550         2,298   
                                            $ 780   

Emerging Markets Dividend Growth Fund

                                               
   4/1/2015      BRL        142,000         USD        44,291       $ (138
   4/2/2015      ZAR        234,452         USD        19,750         400   
                                            $ 262   

Emerging Markets Equity Income Fund

                                               
   4/1/2015      BRL        3,342,851         USD        1,030,154       $ (15,761
   4/1/2015      HKD        31,473,969         USD        4,058,837         (722
   4/1/2015      KRW        93,181,834         USD        84,332         343   
   4/1/2015      MYR        2,866,865         USD        777,350         3,253   
   4/1/2015      TWD        53,414,942         USD        1,706,711         (382
   4/1/2015      USD        581,232         BRL        1,886,099         8,893   
   4/1/2015      USD        250,328         PLN        946,239         (759
   4/2/2015      BRL        3,410,474         USD        1,047,443         (19,631
   4/2/2015      HKD        13,385,916         USD        1,726,562         27   
   4/2/2015      KRW        90,886,689         USD        82,176         255   
   4/2/2015      MYR        2,882,334         USD        775,864         (2,409
   4/2/2015      USD        1,089,408         BRL        3,549,837         21,269   
   4/2/2015      USD        187,833         PLN        712,355         49   
                                            $ (5,575

Emerging Markets SmallCap Dividend Fund

                                               
   4/1/2015      HKD        16,000,000         USD        2,063,012       $ (692
   4/1/2015      USD        323,980         BRL        1,048,077         3,943   
   4/1/2015      USD        19,331         IDR        252,471,235         (22
   4/1/2015      USD        297,357         IDR        3,884,964,671         (228
   4/1/2015      USD        515,176         MYR        1,910,787         765   
   4/1/2015      USD        169,492         TRY        441,424         516   
   4/1/2015      USD        77,024         TWD        2,409,318         (25
   4/1/2015      USD        77,024         TWD        2,409,318         (25
   4/1/2015      USD        279,523         TWD        8,743,476         (89
   4/1/2015      USD        77,024         TWD        2,409,317         (25
   4/2/2015      HKD        8,768,915         USD        1,131,035         7   
   4/2/2015      USD        173,314         BRL        564,743         3,384   

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      105   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 
   4/2/2015      USD        147,130         IDR        1,921,516,721       $ (169
   4/2/2015      USD        144,421         THB        4,699,451           
   4/2/2015      USD        187,905         THB        6,108,796         (173
   4/2/2015      USD        315,910         TRY        825,347         1,959   
   4/2/2015      USD        388,567         ZAR        4,612,679         (7,865
   4/2/2015      ZAR        2,750,043         USD        226,574         (397
   4/6/2015      USD        313,676         BRL        1,010,039         2,346   
   4/7/2015      USD        187,924         ZAR        2,261,084         (1,308
   4/8/2015      USD        97,625         ZAR        1,186,659         315   
   4/9/2015      USD        179,464         ZAR        2,188,865         1,191   
                                            $ 3,408   

Global Equity Income Fund

                                               
   4/1/2015      EUR        10,758         USD        11,666       $ 112   
   4/1/2015      HKD        200,407         USD        25,844         (5
   4/2/2015      AUD        55,385         USD        42,192         (119
   4/2/2015      TRY        39,068         USD        15,025         (21
                                            $ (33

Global ex-U.S. Real Estate Fund

                                               
   4/1/2015      SGD        940,702         USD        683,943       $ (1,850
   4/1/2015      USD        127,337         EUR        117,573         (1,064
   4/1/2015      USD        149,669         GBP        101,095         408   
   4/1/2015      USD        287,839         HKD        2,232,120         64   
   4/1/2015      USD        60,011         MYR        222,882         170   
   4/1/2015      USD        52,801         SEK        454,144         (141
   4/1/2015      USD        49,235         TRY        128,078         92   
   4/2/2015      USD        187,300         AUD        245,176         2   
   4/2/2015      USD        150,396         CAD        190,913         344   
   4/2/2015      USD        37,391         JPY        4,486,397         19   
   4/8/2015      USD        47,605         ZAR        578,346         129   
                                            $ (1,827

Global ex-U.S. Utilities Fund

                                               
   4/1/2015      CAD        5,900         USD        4,650       $ (9
   4/2/2015      GBP        2,705         USD        4,015           
                                            $ (9

Global Natural Resources Fund

                                               
   4/1/2015      AUD        13,700         USD        10,485       $ 18   
   4/1/2015      GBP        5,487         USD        8,137         (8
                                            $ 10   

Middle East Dividend Fund

                                               
   4/2/2015      KWD        3,000         USD        9,951       $ (24
   4/2/2015      QAR        30,000         USD        8,231         (8
                                            $ (32

Currency Legend:

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

IDR – Indonesian rupiah

JPY – Japanese yen

KRW – South Korean won

KWD – Kuwaiti Dinar

MYR – Malaysian ringgit

NOK – Norwegian krone

NZD – New Zealand dollar

PLN – Polish zloty

QAR – Qatari riyal

SEK – Swedish krona

SGD – Singapore dollar

THB – Thai baht

TRY – Turkish New lira

TWD – New Taiwan dollar

USD – U.S. dollar

ZAR – South African rand

 

106   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Notes to Financial Statements (continued)

 

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the investment of cash collateral for securities on loan along with the obligation to return such collateral are included on the Statements of Assets and Liabilities. The value of securities received as collateral for securities on loan are not included on the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statement of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Master Netting Arrangements — Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty non-performance.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in

 

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Table of Contents

Notes to Financial Statements (continued)

 

the Statements of Assets and Liabilities. As of March 31, 2015, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     Assets        Liabilities
    

Gross Amounts in
Statement of
Assets and Liabilities

  Gross Amounts Not Offset
in Statement of
Assets and Liabilities
           

Gross Amounts in
Statement of
Assets and Liabilities

  Gross Amounts Not Offset
in Statement of
Assets and Liabilities
 

Net
Amount

Fund     Financial
Instruments
  Collateral
Received
  Net
Amount
      Financial
Instruments
  Collateral
Pledged
 

Asia Pacific ex-Japan Fund

  

             

Securities Lending

    $ 2,190,924       $       $ (2,190,924 )1     $           $       $       $       $  

Forward Foreign Currency Contracts

                                          168                         168  

China Dividend ex-Financials Fund

  

                         

Securities Lending

      2,533,746                 (2,533,746 )1                                            

Forward Foreign Currency Contracts

                                          3                         3  

Commodity Country Equity Fund

  

                         

Securities Lending

      1,930,779                 (1,930,779 )1                                            

Forward Foreign Currency Contracts

      13                         13             48                         48  

Emerging Markets Consumer Growth Fund

  

                         

Securities Lending

      1,224,935                 (1,224,935 )1                                            

Forward Foreign Currency Contracts

      2,298                         2,298             1,518                         1,518  

Emerging Markets Dividend Growth Fund

  

                         

Securities Lending

      805,106                 (805,106 )1                                            

Forward Foreign Currency Contracts

      400                         400             138                         138  

Emerging Markets Equity Income Fund

  

                         

Securities Lending

      133,760,007                 (133,760,007 )1                                            

Forward Foreign Currency Contracts

      34,089                         34,089             39,664                         39,664  

Emerging Markets ex-State-Owned Enterprises Fund

  

                         

Securities Lending

      169,229                 (169,229 )1                                            

Emerging Markets SmallCap Dividend Fund

  

                         

Securities Lending

      117,165,822                 (117,165,822 )1                                            

Forward Foreign Currency Contracts

      14,426                         14,426             11,018                         11,018  

Global Equity Income Fund

  

                         

Securities Lending

      15,164,926                 (15,164,926 )1                                            

Forward Foreign Currency Contracts

      112                         112             145                         145  

Global ex-U.S. Dividend Growth Fund

  

                         

Securities Lending

      5,749,279                 (5,749,279 )1                                            

Global ex-U.S. Real Estate Fund

  

                         

Securities Lending

      10,757,826                 (10,757,826 )1                                            

Forward Foreign Currency Contracts

      1,228                         1,228             3,055                         3,055  

Global ex-U.S. Utilities Fund

  

                         

Securities Lending

      2,331,152                 (2,331,152 )1                                            

Forward Foreign Currency Contracts

                                          9                         9  

Global Natural Resources Fund

  

                         

Securities Lending

      4,229,658                 (4,229,658 )1                                            

Forward Foreign Currency Contracts

      18                         18             8                         8  

Middle East Dividend Fund

  

                         

Forward Foreign Currency Contracts

                                          32                         32  
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. A breakout of the total amount of cash and non-cash securities lending collateral received is located in the Schedule of Investments.

 

108   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Notes to Financial Statements (continued)

 

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors’ at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital. The India Earnings Fund has filed an election to treat the Portfolio as a “pass-through” entity for tax purposes.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for MCM to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

Fund   

Advisory

Fee Rate

 

Asia Pacific ex-Japan Fund

     0.48

China Dividend ex-Financials Fund

     0.63

Commodity Country Equity Fund

     0.58

Emerging Markets Consumer Growth Fund

     0.63

Emerging Markets Dividend Growth Fund

     0.63

Emerging Markets Equity Income Fund

     0.63

Emerging Markets ex-State-Owned Enterprises Fund

     0.58

Emerging Markets SmallCap Dividend Fund

     0.63

Global Equity Income Fund

     0.58

Global ex-U.S. Dividend Growth Fund

     0.58

Global ex-U.S. Real Estate Fund

     0.58

Global ex-U.S. Utilities Fund

     0.58

Global Natural Resources Fund

     0.58

India Earnings Fund (consolidated)

     0.83

Middle East Dividend Fund

     0.88

 

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Table of Contents

Notes to Financial Statements (continued)

 

Each Fund may purchase shares of affiliated exchanged-traded funds (“ETF”) in secondary market transactions. For the fiscal year or period ended March 31, 2015, WTAM waived its advisory fees for each Fund’s investment, associated with daily uninvested cash, in correlated affiliated ETFs net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of the advisory fee received from the affiliated ETFs. The table below indicates the waiver. Please see Note 8 for additional information on Other Affiliated Parties and Transactions.

 

Fund   

Advisory

Fees Waived

 

Asia Pacific ex-Japan Fund

   $ 72   

China Dividend ex-Financials Fund

       

Commodity Country Equity Fund

     68   

Emerging Markets Consumer Growth Fund

       

Emerging Markets Dividend Growth Fund

       

Emerging Markets Equity Income Fund

     2,589   

Emerging Markets ex-State-Owned Enterprises Fund1

       

Emerging Markets SmallCap Dividend Fund

     12,625   

Global Equity Income Fund

     309   

Global ex-U.S. Dividend Growth Fund

     268   

Global ex-U.S. Real Estate Fund

     715   

Global ex-U.S. Utilities Fund

     35   

Global Natural Resources Fund

     7   

India Earnings Fund (consolidated)

       

Middle East Dividend Fund

       

 

  1

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2015, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. The India Earnings Fund and Middle East Dividend Fund issue and redeem shares on a cash basis only. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) for the fiscal year or period ended March 31, 2015 were as follows:

 

Fund    Purchases      Sales  

Asia Pacific ex-Japan Fund

   $ 8,489,840       $ 10,176,507   

China Dividend ex-Financials Fund

     7,903,574         5,350,609   

Commodity Country Equity Fund

     3,354,384         4,927,846   

Emerging Markets Consumer Growth Fund

     12,220,775         8,277,170   

Emerging Markets Dividend Growth Fund

     26,868,300         14,572,742   

Emerging Markets Equity Income Fund

     1,252,692,957         1,572,654,353   

Emerging Markets ex-State-Owned Enterprises Fund1

     10,152,696         185,049   

Emerging Markets SmallCap Dividend Fund

     744,238,263         842,860,994   

Global Equity Income Fund

     35,560,285         36,570,960   

Global ex-U.S. Dividend Growth Fund

     49,802,038         46,497,391   

Global ex-U.S. Real Estate Fund

     32,705,042         33,951,444   

Global ex-U.S. Utilities Fund

     8,542,535         9,868,558   

 

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Table of Contents

Notes to Financial Statements (continued)

 

Fund    Purchases      Sales  

Global Natural Resources Fund

   $ 7,209,033       $ 7,191,475   

India Earnings Fund (consolidated)

     1,739,255,254         488,581,949   

Middle East Dividend Fund

     48,182,746         61,437,516   

 

  1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

For the fiscal year or period ended March 31, 2015, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:

 

Fund    Purchases      Sales  

Asia Pacific ex-Japan Fund

   $       $ 5,061,323   

China Dividend ex-Financials Fund

             5,175,931   

Commodity Country Equity Fund

             5,567,858   

Emerging Markets Consumer Growth Fund

             3,966,381   

Emerging Markets Dividend Growth Fund

     15,707,942         5,090,152   

Emerging Markets Equity Income Fund

             971,662,629   

Emerging Markets ex-State-Owned Enterprises Fund1

               

Emerging Markets SmallCap Dividend Fund

     56,475,919         266,498,018   

Global Equity Income Fund

     2,102,760         15,195,568   

Global ex-U.S. Dividend Growth Fund

     21,495,091           

Global ex-U.S. Real Estate Fund

     13,262,300         27,557,242   

Global ex-U.S. Utilities Fund

     816,367         7,061,589   

Global Natural Resources Fund

     4,347,175         2,658,841   

India Earnings Fund (consolidated)

               

Middle East Dividend Fund

               

 

  1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

Realized gains and losses on in-kind redemptions are not recognized by the Funds for tax purposes.

6. FEDERAL INCOME TAXES

At March 31, 2015, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation/
(Depreciation)
 

Asia Pacific ex-Japan Fund

   $ 44,972,617       $ 7,016,398       $ (2,959,178    $ 4,057,220   

China Dividend ex-Financials Fund

     18,518,838         2,387,548         (1,803,133      584,415   

Commodity Country Equity Fund

     15,494,479         946,617         (3,304,325      (2,357,708

Emerging Markets Consumer Growth Fund

     20,430,540         2,196,853         (1,615,316      581,537   

Emerging Markets Dividend Growth Fund

     42,121,176         2,774,482         (3,306,424      (531,942

Emerging Markets Equity Income Fund

     2,548,355,567         200,882,602         (497,370,180      (296,487,578

Emerging Markets ex-State-Owned Enterprises Fund

     10,138,582         616,098         (531,079      85,019   

Emerging Markets SmallCap Dividend Fund

     1,397,698,439         220,789,274         (139,393,503      81,395,771   

Global Equity Income Fund

     102,658,005         16,737,464         (5,951,959      10,785,505   

Global ex-U.S. Dividend Growth Fund

     85,684,110         10,103,594         (4,172,088      5,931,506   

Global ex-U.S. Real Estate Fund

     127,773,002         8,907,774         (4,418,909      4,488,865   

Global ex-U.S. Utilities Fund

     24,075,255         1,671,774         (3,349,461      (1,677,687

Global Natural Resources Fund

     28,995,033         452,213         (7,477,346      (7,025,133

India Earnings Fund (consolidated)

     2,070,447,118         413,428,813         (112,955,320      300,473,493   

Middle East Dividend Fund

     33,007,087         3,137,146         (2,247,547      889,599   

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      111   


Table of Contents

Notes to Financial Statements (continued)

 

At March 31, 2015, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation/
(Depreciation)
     Currency and
Other Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

Asia Pacific ex-Japan Fund

   $ 59,909       $ (23,526,960    $ 4,057,220       $ (789    $ (19,410,620

China Dividend ex-Financials Fund

     4,102         (2,117,568      584,415         2         (1,529,049

Commodity Country Equity Fund

     51,130         (17,578,817      (2,357,708      (1,504      (19,886,899

Emerging Markets Consumer Growth Fund

     60,717         (852,023      581,537         (1,856      (211,625

Emerging Markets Dividend Growth Fund

     184,912         (2,174,103      (531,942      (1,307      (2,522,440

Emerging Markets Equity Income Fund

     482,542         (941,458,685      (296,487,578      (99,739      (1,237,563,460

Emerging Markets ex-State-Owned Enterprises Fund

     30,495         (46,053      85,019         (319      69,142   

Emerging Markets SmallCap Dividend Fund

     2,448,374         (367,610,699      81,395,771         (100,815      (283,867,369

Global Equity Income Fund

     241,431         (28,304,988      10,785,505         (10,539      (17,288,591

Global ex-U.S. Dividend Growth Fund

     243,441         (25,903,557      5,931,506         (9,460      (19,738,070

Global ex-U.S. Real Estate Fund

     2,912,254         (57,800,329      4,488,865         (6,634      (50,405,844

Global ex-U.S. Utilities Fund

     25,574         (27,854,187      (1,677,687      (2,596      (29,508,896

Global Natural Resources Fund

     1,817         (19,363,850      (7,025,133      (2,383      (26,389,549

India Earnings Fund (consolidated)

     6,472,535         (291,425,268      300,473,493         (1,504      15,519,256   

Middle East Dividend Fund

     852,852         (7,142,570      889,599         (101      (5,400,220

The tax character of distributions paid during the fiscal years or periods ended March 31, 2015 and March 31, 2014, was as follows:

 

      Year/Period Ended March 31, 2015      Year/Period Ended March 31, 2014  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
 

Asia Pacific ex-Japan Fund

   $ 1,585,507       $ 2,489,523       $   

China Dividend ex-Financials Fund

     427,018         717,428           

Commodity Country Equity Fund

     754,412         815,003           

Emerging Markets Consumer Growth Fund

     374,552         42,861 1         

Emerging Markets Dividend Growth Fund

     632,102         158,839 2         

Emerging Markets Equity Income Fund

     150,590,028         205,548,331           

Emerging Markets ex-State-Owned Enterprises Fund3

     20,436                   

Emerging Markets SmallCap Dividend Fund

     51,526,431         54,318,601           

Global Equity Income Fund

     4,555,009         5,168,178           

Global ex-U.S. Dividend Growth Fund

     1,355,492         1,834,214           

Global ex-U.S. Real Estate Fund

     5,988,422         4,770,599         401,422   

Global ex-U.S. Utilities Fund

     1,013,012         1,422,728           

Global Natural Resources Fund

     818,563         785,058           

India Earnings Fund (consolidated)

     13,679,148         11,794,964           

Middle East Dividend Fund

     1,679,464         1,267,094           
  * Includes short-term capital gains if any.

 

  1 

For the period September 27, 2013 (commencement of operations) through March 31, 2014.

 

  2 

For the period August 1, 2013 (commencement of operations) through March 31, 2014.

 

  3 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

 

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Notes to Financial Statements (continued)

 

At March 31, 2015, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund   Capital Loss
Available
Through 2016
    Capital Loss
Available
Through 2017
    Capital Loss
Available
Through 2018
    Capital Loss
Available
Through 2019
    Short-Term
Post-Effective*
No Expiration
    Long-Term
Post-Effective*
No Expiration
    Capital Loss
Available
Total
 

Asia Pacific ex-Japan Fund

  $ 434,717      $ 1,942,155      $ 11,545,171      $ 2,148,087      $ 1,991,272      $ 5,465,558      $ 23,526,960   

China Dividend ex-Financials Fund

                                1,025,270        1,063,214        2,088,484   

Commodity Country Equity Fund

                  11,126,004        3,769,123        780,881        1,530,618        17,206,626   

Emerging Markets Consumer Growth Fund

                                567,740        66,915        634,655   

Emerging Markets Dividend Growth Fund

                                700,568        441,231        1,141,799   

Emerging Markets Equity Income Fund

    166,963        3,240,763        32,150,807        561,494        416,917,000        462,357,667        915,394,694   

Emerging Markets ex-State-Owned Enterprises Fund

                                25,388        20,665        46,053   

Emerging Markets SmallCap Dividend Fund

           4,224,150        9,367,814        4,882,951        159,087,832        150,563,681        328,126,428   

Global Equity Income Fund

           5,329,783        15,414,669        807,956        1,559,408        5,016,241        28,128,057   

Global ex-U.S. Dividend Growth Fund

    638,234        3,657,374        8,823,117               9,759,433        2,664,816        25,542,974   

Global ex-U.S. Real Estate Fund

    261,244        12,351,482        23,011,711        10,538,886        1,367,827        10,179,957        57,711,107   

Global ex-U.S. Utilities Fund

    13,301        1,722,994        5,793,876        1,986,702        850,844        17,439,220        27,806,937   

Global Natural Resources Fund

    45,822        1,245,793        4,858,681        6,793,018        1,656,767        4,534,202        19,134,283   

India Earnings Fund (consolidated)

    1,179        20,567,350        7,978,486        6,294,051        61,103,696        193,730,876        289,675,638   

Middle East Dividend Fund

                  5,098,493        763,315                      5,861,808   
  * Under the Regulated Investment Company Modernization Act of 2010, a Fund is permitted to carry forward any new capital losses for an unlimited period. Additionally, such capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. The character of these losses is noted above.

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

During the fiscal year or period ended March 31, 2015, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

Fund    Short-Term
Post-October
Capital Losses
    

Long-Term

Post-October
Capital Losses

 

Asia Pacific ex-Japan Fund

   $       $   

China Dividend ex-Financials Fund

     37,526         (8,442

Commodity Country Equity Fund

     68,949         303,242   

Emerging Markets Consumer Growth Fund

     195,993         21,375   

Emerging Markets Dividend Growth Fund

     956,107         76,197   

Emerging Markets Equity Income Fund

     10,196,059         15,867,932   

Emerging Markets ex-State-Owned Enterprises Fund1

               

Emerging Markets SmallCap Dividend Fund

     18,876,746         20,607,525   

Global Equity Income Fund

     176,931           

Global ex-U.S. Dividend Growth Fund

     18,263         342,320   

Global ex-U.S. Real Estate Fund

     89,222           

Global ex-U.S. Utilities Fund

     26,214         21,036   

Global Natural Resources Fund

     26,217         203,350   

India Earnings Fund (consolidated)

     1,749,630           

Middle East Dividend Fund

     1,280,762           
  1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

 

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Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year or period ended March 31, 2015, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains.

 

Fund    Utilized Capital
Loss
Carryforward
 

Asia Pacific ex-Japan Fund

   $   

China Dividend ex-Financials Fund

       

Commodity Country Equity Fund

       

Emerging Markets Consumer Growth Fund

       

Emerging Markets Dividend Growth Fund

       

Emerging Markets Equity Income Fund

       

Emerging Markets ex-State-Owned Enterprises Fund1

       

Emerging Markets SmallCap Dividend Fund

       

Global Equity Income Fund

     414,937   

Global ex-U.S. Dividend Growth Fund

       

Global ex-U.S. Real Estate Fund

       

Global ex-U.S. Utilities Fund

       

Global Natural Resources Fund

       

India Earnings Fund (consolidated)

     15,705,648   

Middle East Dividend Fund

     1,934,763   
  1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

At March 31, 2015, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated Net
Realized Gain/(Loss)
     Paid-in Capital  

Asia Pacific ex-Japan Fund

   $ (14,162    $ (684,505    $ 698,667   

China Dividend ex-Financials Fund

     12         (1,175,296      1,175,284   

Commodity Country Equity Fund

     (5,997      (517,882      523,879   

Emerging Markets Consumer Growth Fund

     203         (704,113      703,910   

Emerging Markets Dividend Growth Fund

     (4,204      (795,915      800,119   

Emerging Markets Equity Income Fund

     (2,113,621      (17,764,109      19,877,730   

Emerging Markets ex-State-Owned Enterprises Fund

     24,038         (24,038        

Emerging Markets SmallCap Dividend Fund

     1,109,775         (74,948,140      73,838,365   

Global Equity Income Fund

     (50,582      (3,675,782      3,726,364   

Global ex-U.S. Dividend Growth Fund

     (50,898      50,898           

Global ex-U.S. Real Estate Fund

     4,217,430         (6,558,816      2,341,386   

Global ex-U.S. Utilities Fund

     (39,760      (1,347,119      1,386,879   

Global Natural Resources Fund

     (15,004      (25,094      40,098   

India Earnings Fund (consolidated)

     (833,374      833,374           

Middle East Dividend Fund

     395,216         (395,216        

These differences are primarily due to redemptions-in-kind, foreign currency transactions, investments in passive foreign investment companies, non-deductible expenses, investments in partnerships, and investments in real estate investment trusts.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year or period ended March 31, 2015, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2015, remains subject to examination by taxing authorities.

 

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Notes to Financial Statements (continued)

 

7. MAURITIUS INCOME TAX

The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities which entitles it to claim the benefits of the double taxation avoidance agreement entered between India and Mauritius (“tax treaty”). Since the India Earnings Fund makes its investments through the Portfolio, a wholly owned subsidiary organized in the Republic of Mauritius, this structure should permit the India Earnings Fund to benefit from the tax treaty. The Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the treaty’s applicability to entities such as the India Earnings Fund. In March 2012, the Indian Finance Minister introduced a new chapter to the Indian Income Tax Act, 1961 (“IT Act”), which included certain General Anti-Avoidance Rules (“GAAR”). The Finance Bill, 2015 (“FB 2015”) proposes to amend the IT Act to defer the applicability of GAAR to financial years beginning on or after 1 April 2017. The FB 2015 has also grandfathered all investments made into India up-to April 1, 2017 from the applicability of GAAR. No assurance can be given that the terms of the tax treaty will not be subject to re-negotiation in future. Any change in the provision of the tax treaty or in its applicability to the India Earnings Fund could result in imposition of withholding and other taxes on the India Earnings Fund by the tax authorities in India. This would reduce the return to the India Earnings Fund on its investments and the return received by India Earnings Fund shareholders.

In the recent scrutiny audits concluded that have not involved the Portfolio, the tax authorities in India have sought to apply a Minimum Alternate Tax (MAT) on certain Foreign Portfolio Investors investing into India on the income earned up to a period of seven prior years (which is the statute of limitation in India). Pursuant to several representations, the Indian Government has formed a Committee to provide it with a recommendation on the applicability of MAT to foreign investors, until which no further notices for scrutiny of prior years will be issued nor will any action be taken for the recovery of any tax demands raised. To date, the Portfolio has not received any notice seeking the application of MAT to the India Earnings Fund for any prior year and the recommendation of the Committee on the applicability of MAT to foreign entities generally as well to entities that benefit from a tax treaty would determine any potential imposition of taxes on income earned by the India Earnings Fund for prior years.

Reference to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.

The taxable profits derived from the worldwide income of the wholly owned subsidiary of the India Earnings Fund, the Portfolio, is subject to income tax at the rate of 15% in the Republic of Mauritius. As with all Mauritian tax residents, the Portfolio is entitled to a foreign tax credit (“FTC”) on its foreign sourced income. The FTC is based on the lower of the Mauritian tax or the foreign taxes incurred. Where documentary evidence is not available to substantiate the foreign taxes suffered, the FTC can be presumed to be 80% of the Mauritius tax on its foreign source income. The presumed FTC effectively reduces the Mauritian income tax rate on the foreign sourced income of the Portfolio to a maximum of 3%. Interest income on call and deposit accounts with Mauritian banks is exempt from tax, and there is no tax on capital gains in Mauritius. Effective August 8, 2012, in connection with the new advisory agreement, the Mauritius income tax is paid by WTAM.

8. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2015 are as follows:

 

Fund   

Value at

3/31/2014

    

Purchases/

Additions

    

Sales/

Reductions

    

Value at

3/31/2015

    

Dividend

Income

 

Asia Pacific ex-Japan Fund

  

WisdomTree Global ex-U.S. Real Estate Fund

   $       $ 448,569       $ 443,053       $       $ 1,592   

Commodity Country Equity Fund

  

WisdomTree Global Natural Resources Fund

   $ 11,058       $ 374,678       $ 355,767       $ 19,013       $ 1,567   

Emerging Markets Equity Income Fund

  

WisdomTree Global Equity Income Fund

   $       $ 2,166,048       $ 92,364       $ 2,103,933       $ 10,814   

Emerging Markets SmallCap Dividend Fund

  

WisdomTree Emerging Markets Equity Income Fund

   $ 4,186,652       $ 28,557,646       $ 32,692,379       $ 115,388       $ 100,442   

Global Equity Income Fund

  

WisdomTree DEFA Equity Income Fund

   $       $ 2,663,284       $ 2,521,237       $ 108,896       $ 10,640   

WisdomTree Equity Income Fund

             879,232         847,053         36,948         1,513   

Total

   $       $ 3,542,516       $ 3,368,290       $ 145,844       $ 12,153   

 

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Table of Contents

Notes to Financial Statements (concluded)

 

Fund   

Value at

3/31/2014

    

Purchases/

Additions

    

Sales/

Reductions

    

Value at

3/31/2015

    

Dividend

Income

 

Global ex-U.S. Dividend Growth Fund

  

WisdomTree DEFA Fund

   $ 42,807       $ 646,392       $ 613,934       $ 70,241       $ 3,502   

WisdomTree Emerging Markets Equity Income Fund

     28,804         427,807         402,024         47,982         2,570   

Total

   $ 71,611       $ 1,074,199       $ 1,015,958       $ 118,223       $ 6,072   

Global ex-U.S. Real Estate Fund

  

WisdomTree Global Natural Resources Fund

   $ 312,524       $ 2,962,064       $ 3,206,102       $       $ 7,990   

Global ex-U.S. Utilities Fund

  

WisdomTree Global ex-U.S. Real Estate Fund

   $       $ 411,605       $ 385,962       $ 21,659       $ 3,899   

Global Natural Resources Fund

  

WisdomTree Global Equity Income Fund

   $ 56,133       $ 314,539       $ 361,301       $ 8,735       $ 1,597   

9. DEMAND NOTE

During the fiscal year ended March 31, 2015, the India Earnings Fund had a demand note agreement with Bank of America, N.A. which allowed the Fund to borrow up to $300,000,000 until the stated maturity date of October 3, 2014. During the fiscal year ended March 31, 2015, the Fund utilized the demand note and borrowed for a period of 5 days with an average outstanding loan balance of $293,235,779 and a weighted average interest rate of 2.56% per annum. Interest expense related to the loan for the fiscal year ended March 31, 2015 was $102,633. At March 31, 2015, the Fund did not have any amounts outstanding under the demand note agreement.

10. RECENT ACCOUNTING PRONOUNCEMENT

In June 2014, The FASB issued ASU 2014-11 Transfers & Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures to improve the financial reporting of repurchase agreements and other similar transactions. The guidance includes expanded disclosure requirements for entities that enter into repurchase agreements or securities lending transactions. The guidance is effective for financial statements with fiscal years beginning on or after January 1, 2015, and interim periods within those fiscal years. Management is evaluating the impact, if any, of this guidance on the Trust’s financial statement disclosures.

 

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Report of Independent Registered Public Accounting Firm

 

The Board of Trustees and Shareholders of WisdomTree Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Asia Pacific ex-Japan Fund, WisdomTree China Dividend ex-Financials Fund, WisdomTree Commodity Country Equity Fund, WisdomTree Emerging Markets Consumer Growth Fund, WisdomTree Emerging Markets Dividend Growth Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global Equity Income Fund , WisdomTree Global Ex-US Dividend Growth Fund , WisdomTree Global ex-U.S. Real Estate Fund ,WisdomTree Global ex-U.S. Utilities Fund, WisdomTree Global Natural Resources Fund, WisdomTree India Earnings Fund (consolidated) and WisdomTree Middle East Dividend Fund (fifteen of the investment funds constituting WisdomTree Trust (the “Trust”)) as of March 31, 2015, and the related statements of operations, the statements of changes in net assets, and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2015, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Asia Pacific ex-Japan Fund, WisdomTree China Dividend ex-Financials Fund, WisdomTree Commodity Country Equity Fund, WisdomTree Emerging Markets Consumer Growth Fund, WisdomTree Emerging Markets Dividend Growth Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global Equity Income Fund , WisdomTree Global Ex-US Dividend Growth Fund , WisdomTree Global ex-U.S. Real Estate Fund ,WisdomTree Global ex-U.S. Utilities Fund, WisdomTree Global Natural Resources Fund, WisdomTree India Earnings Fund (consolidated) and WisdomTree Middle East Dividend Fund of WisdomTree Trust at March 31, 2015, the results of their operations, the changes in their net assets, and the financial highlights for each of the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

May 29, 2015

 

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

 

Approval of Investment Sub-Advisory Agreement with respect to the WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on September 18-19, 2014, the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide the Fund with investment advisory services, and the Sub-Investment Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which Mellon Capital Management Corporation (the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of the Fund.

In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM. The Trustees, a majority of whom are Independent Trustees, were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of WTAM and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services to be Provided to the Fund

The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed WTAM’s proposed role as index provider to the Fund. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Fund, including the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws and the implementation of Board directives as they relate to the Fund. The Board also considered research support available to, and management capabilities of, the Fund’s management personnel and that WTAM will provide oversight of day-to-day fund operations, including fund accounting, administration and legal assistance in meeting disclosure and regulatory requirements.

Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate.

Comparative Analysis of the Fund’s Performance, Advisory Fees and Fund Expenses

As the Fund had not yet commenced operations, the Board was not able to review the Fund’s performance. The Board discussed with representatives of WTAM and the Sub-Adviser the portfolio management team and the investment strategies to be employed in the management of the fund’s assets. The Board noted the reputation and experience of WTAM and the Sub-Adviser.

The Board considered the fee to be paid to WTAM by the Fund. The Board examined the fee to be paid by the fund in light of fees paid to other investment advisers by comparable funds and the method of computing the fund’s fee. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by the Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fee will be paid by WTAM (out of its fee from the fund) and not the fund. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser were reasonable in light of the considerations described above.

Analysis of Profitability and Economies of Scale

As the fund had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-investment adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the fund had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it were determined that material economies of scale had not been shared with the fund, the Board would seek to have those economies of scale shared with the fund in connection with future renewals.

Conclusion

In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of other funds advised by WTAM and the Sub-Adviser. In light of the foregoing, the Board determined to approve the Agreements.

 

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Trustees and Officers Information (unaudited)

 

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
  Other
Directorships
Held by Trustee

During Past
5 Years
David G. Chrencik*
(1948)
  Trustee, 2014- present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels. Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).   70   Trustee,
Vericimetry
Funds
Joel Goldberg**
(1945)
  Trustee, 2012- present  

Attorney, Of Counsel/Partner at Stroock

& Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.

  70   Director,
Better
Business
Bureau
(Metropolitan
New York,
Long Island
and the
Mid-Hudson
Region)
Toni Massaro***
(1955)
  Trustee, 2006- present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 1990.   70   None
Melinda A. Raso Kirstein
(1955)
  Trustee, 2014- present   Retired, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.   70   Associate
Alumnae of
Douglass
College,
Member of
Investment
Committee
Victor Ugolyn
(1947)
  Trustee, 2006- present; Chairman of the Board of Trustees, 2006- present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.   70   Member of
the Board of
Governors of
Naismith
Memorial
Basketball
Hall of Fame,
Member of
the Board of
Directors of
the New York
Society of
Security
Analysts
(NYSSA)

 

+ As of March 31, 2015.

 

* Chair of the Audit Committee.

 

** Chair of the Contracts Review Committee.

 

*** Chair of the Governance and Nominating Committee.

 

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Table of Contents

Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
 

Other
Directorships
Held by Trustee

During Past
5 Years

Jonathan Steinberg****
(1964)
  Trustee, 2005- present President, 2005- present   President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.   70   Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano****
(1971)
  Treasurer, 2013- present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006.   70   None
Terry Jane Feld****
(1960)
  Chief Compliance Officer, 2012- present  

Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life

Insurance Co., 2004 to 2007.

  70   None
Ryan Louvar****
(1972)
  Secretary and Chief Legal Officer, 2013- present   General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.   70   None
Sarah English****
(1977)
  Assistant Secretary, 2013- present   Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009.   70   None
Clint Martin****
(1977)
  Assistant Treasurer, since 2015   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.   70   None

 

+ As of March 31, 2015.

 

**** Elected by and serves at the pleasure of the Board.

 

120   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


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Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year or period ended March 31, 2015, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2016.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended March 31, 2015, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Asia Pacific ex-Japan Fund

   $ 1,111,844   

China Dividend ex-Financials Fund

     333,146   

Commodity Country Equity Fund

     472,177   

Emerging Markets Consumer Growth Fund

     321,770   

Emerging Markets Dividend Growth Fund

     684,977   

Emerging Markets Equity Income Fund

     97,732,987   

Emerging Markets ex-State-Owned Enterprises Fund1

     32,111   

Emerging Markets SmallCap Dividend Fund

     24,895,680   

Global Equity Income Fund

     2,954,141   

Global ex-U.S. Dividend Growth Fund

     1,133,986   

Global ex-U.S. Real Estate Fund

     321,218   

Global ex-U.S. Utilities Fund

     467,600   

Global Natural Resources Fund

     554,131   

India Earnings Fund (consolidated)

     34,280,516   

Middle East Dividend Fund

     581,762   
  1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year or period ended March 31, 2015, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Asia Pacific ex-Japan Fund

   $ 1,734,810       $ 123,233   

China Dividend ex-Financials Fund

     447,588         33,327   

Commodity Country Equity Fund

     646,184         73,794   

Emerging Markets Consumer Growth Fund

     519,254         53,010   

Emerging Markets Dividend Growth Fund

     997,361         113,259   

Emerging Markets Equity Income Fund

     152,950,283         16,144,900   

Emerging Markets ex-State-Owned Enterprises Fund1

     49,833         7,650   

Emerging Markets SmallCap Dividend Fund

     62,922,511         8,032,971   

Global Equity Income Fund

     3,057,023         180,478   

Global ex-U.S. Dividend Growth Fund

     1,575,822         125,900   

Global ex-U.S. Real Estate Fund

     4,958,394         278,456   

Global ex-U.S. Utilities Fund

     756,346         70,284   

Global Natural Resources Fund

     582,699         44,647   

India Earnings Fund (consolidated)

               

Middle East Dividend Fund

     2,237,399         106,593   
  1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      121   


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Supplemental Information (unaudited) (concluded)

 

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2015, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction
 

Asia Pacific ex-Japan Fund

       

China Dividend ex-Financials Fund

       

Commodity Country Equity Fund

       

Emerging Markets Consumer Growth Fund

       

Emerging Markets Dividend Growth Fund

       

Emerging Markets Equity Income Fund

       

Emerging Markets ex-State-Owned Enterprises Fund

       

Emerging Markets SmallCap Dividend Fund

       

Global Equity Income Fund

     6.52

Global ex-U.S. Dividend Growth Fund

     0.04

Global ex-U.S. Real Estate Fund

       

Global ex-U.S. Utilities Fund

       

Global Natural Resources Fund

     3.02

India Earnings Fund (consolidated)

       

Middle East Dividend Fund

       
  1 

For the period December 10, 2014 (commencement of operations) through March 31, 2015.

 

122   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      123   


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The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2015:

 

WisdomTree Domestic Earnings and Dividend Funds

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree U.S. Dividend Growth Fund (DGRW)

 

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree Europe Dividend Growth Fund (EUDG)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International Hedged Dividend Growth Fund (IHDG)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Health Care Fund (DXJH)

 

WisdomTree Japan Hedged Real Estate Fund (DXJR)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Korea Hedged Equity Fund (DXKW)

 

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

  

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

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

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Global Equity Income Fund (DEW)

 

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

 

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

 

WisdomTree Global ex-U.S. Utilities Fund (DBU)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

 

WisdomTree Commodity Currency Strategy Fund (CCX)

 

WisdomTree Emerging Currency Strategy Fund (CEW)

 

WisdomTree Indian Rupee Strategy Fund (ICN)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

 

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

 

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Japan Interest Rate Strategy Fund (JGBB)

 

WisdomTree Strategic Corporate Bond Fund (CRDT)

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)

 

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.


Table of Contents

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

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.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

WisdomTree China Dividend ex-Financials Fund (CHXF)

WisdomTree Commodity Country Equity Fund (CCXE)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets Equity Income Fund (DEM)

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

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Global Equity Income Fund (DEW)

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

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

WisdomTree Global ex-U.S. Utilities Fund (DBU)

WisdomTree Global Natural Resources Fund (GNAT)

WisdomTree India Earnings Fund (EPI)

WisdomTree Middle East Dividend Fund (GULF)

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC.

WTGM-0383


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Domestic Earnings and Dividend Funds

 

Annual Report

March 31, 2015

WisdomTree Dividend ex-Financials Fund (DTN)

WisdomTree Earnings 500 Fund (EPS)

WisdomTree Equity Income Fund (DHS)

WisdomTree LargeCap Dividend Fund (DLN)

WisdomTree LargeCap Value Fund (EZY)

WisdomTree MidCap Dividend Fund (DON)

WisdomTree MidCap Earnings Fund (EZM)

WisdomTree SmallCap Dividend Fund (DES)

WisdomTree SmallCap Earnings Fund (EES)

WisdomTree Total Dividend Fund (DTD)

WisdomTree Total Earnings Fund (EXT)

WisdomTree U.S. Dividend Growth Fund (DGRW)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)


Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1   

Performance Summaries (unaudited)

       3   

Description of Indexes (unaudited)

       16   

Shareholder Expense Examples (unaudited)

       18   
Schedules of Investments     

WisdomTree Dividend ex-Financials Fund

       20   

WisdomTree Earnings 500 Fund

       22   

WisdomTree Equity Income Fund

       29   

WisdomTree LargeCap Dividend Fund

       35   

WisdomTree LargeCap Value Fund

       40   

WisdomTree MidCap Dividend Fund

       45   

WisdomTree MidCap Earnings Fund

       51   

WisdomTree SmallCap Dividend Fund

       59   

WisdomTree SmallCap Earnings Fund

       68   

WisdomTree Total Dividend Fund

       79   

WisdomTree Total Earnings Fund

       90   

WisdomTree U.S. Dividend Growth Fund

       105   

WisdomTree U.S. SmallCap Dividend Growth Fund

       109   

Statements of Assets and Liabilities

       113   

Statements of Operations

       116   

Statements of Changes in Net Assets

       119   

Financial Highlights

       124   

Notes to Financial Statements

       131   

Report of Independent Registered Public Accounting Firm

       144   

Trustees and Officers Information (unaudited)

       145   

Supplemental Information (unaudited)

       147   

General Information (unaudited)

       148   

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


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited)

 

Market Environment Overview

The U.S. equity market, as measured by the S&P 500® Index, returned 12.73% for the 12-month period ended March 31, 2015 (the “period”). After bottoming in March of 2009, the S&P 500 recorded its sixth straight year of gains. Measured from March 31, 2009 through March 31, 2015, the six year cumulative total return on the S&P 500® Index was 194.30%. This represents a substantial recovery in the equity markets as earnings and dividend levels reached and surpassed previous levels. In fact, this was also enough for the S&P 500® Index to reach new highs.

While the overall return for the period was positive, it was marked by several bouts of volatility. One of the most significant events over the period was the substantial decline in the price of oil during the second half of 2014. Although the decline in the price of oil dragged down returns for the energy sector, the lower gas prices at the pump were considered positive for consumers. Another important trend over the period was the strengthening U.S. dollar, which was primarily driven by a combination of additional monetary easing by the Bank of Japan (BOJ) and the European Central Bank (ECB), coupled with the Federal Reserve (Fed) successfully tapering its quantitative easing program. Since the global financial crisis, the Fed and central banks around the world have embraced policies to provide ample liquidity to the markets with the goal of keeping interest rates low and credit flowing. However, as the U.S. economy continues to heal and with the Fed ending its quantitative easing program, there is now a divergence among central bank policies which has driven the U.S. dollar stronger over the period. Even given this divergence, U.S. interest rates fell over the period as liquidity from the BOJ and ECB compressed global interest rates.

WisdomTree Funds’ Performance Overview

The following table reflects the WisdomTree Funds’ performance versus their capitalization-weighted benchmark indexes:

 

Ticker   WisdomTree Fund   1-Year
NAV Return
    Performance Benchmark   1-Year
Return
    Difference

DTN

  WisdomTree Dividend ex-Financials Fund     11.27%      Dow Jones U.S. Select Dividend IndexSM     10.13%      1.14%

EPS

  WisdomTree Earnings 500 Fund     11.28%      S&P 500® Index     12.73%      -1.45%

DHS

  WisdomTree Equity Income Fund     10.64%      Russell 1000® Value Index     9.33%      1.31%

DLN

  WisdomTree LargeCap Dividend Fund     11.08%      S&P 500® Index     12.73%      -1.65%

EZY

  WisdomTree LargeCap Value Fund     14.73%      Russell 1000® Value Index     9.33%      5.40%

DON

  WisdomTree MidCap Dividend Fund     14.46%      S&P MidCap 400® Index     12.19%      2.27%

EZM

  WisdomTree MidCap Earnings Fund     9.99%      S&P MidCap 400® Index     12.19%      -2.20%

DES

  WisdomTree SmallCap Dividend Fund     8.33%      Russell 2000® Index     8.21%      0.12%

EES

  WisdomTree SmallCap Earnings Fund     4.89%      Russell 2000® Index     8.21%      -3.32%

DTD

  WisdomTree Total Dividend Fund     11.47%      Russell 3000® Index     12.37%      -0.90%

EXT

  WisdomTree Total Earnings Fund     10.93%      Russell 3000® Index     12.37%      -1.44%

DGRW

  WisdomTree U.S. Dividend Growth Fund     13.94%      NASDAQ U.S. Dividend AchieversTM Select Index     9.62%      4.32%

DGRS

  WisdomTree U.S. SmallCap Dividend Growth Fund     8.37%      Russell 2000® Index     8.21%      0.16%

The top-performing performance benchmark within the aforementioned chart was the S&P 500® Index, which is a measure of large cap stocks. Of the performance benchmarks shown, the Russell 2000® Index was the lowest performer, indicating that small cap stocks lagged large and mid-caps over the period. Within the Russell 2000® Index, small cap energy exposure was a leading detractor from performance over the period.

WisdomTree’s fundamentally-weighted Funds are designed to track indexes based on the dividend stream or earnings stream, respectively, generated by the companies included in the underlying WisdomTree Index. The dividend stream is defined as the sum of the dollar value of dividends indicated to be paid by each company. The earnings stream is defined as the total dollar level of earnings for all companies within each Index. There

 

WisdomTree Domestic Earnings and Dividend Funds      1   


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (concluded)

 

are two primary factors that drive performance differentials of the WisdomTree Funds and Indexes versus their performance benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend or earnings stream.

Nine of the ten sectors represented within the S&P 500® Index experienced positive performance over the period. The best-performing sector over the period was the Healthcare sector, with Consumer Discretionary and Information Technology close behind. Each of these sectors delivered a return greater than 18% over the period. The Healthcare sector continued to perform well, positively affected by the tailwinds from the implementation of the Affordable Care Act and performance from high growth areas like biotechnology and life sciences. Consumer Discretionary and Information Technology tend to be higher growth and more economically sensitive sectors, which allowed them to benefit from a continual improvement in the economy and consumers with greater disposable income due to the decline in gas prices. The worst performing sectors over the period was the Energy, Telecommunication Services and Materials sectors. The Energy sector was negatively impacted from the decline in oil prices, driven by increased supply and a stronger U.S. dollar. The Materials sector was also negatively impacted by the stronger U.S. dollar and weaker than expected global growth.

The performance of most WisdomTree dividend-weighted Funds compared to their performance benchmark was favorable over the period. This ultimately makes sense, in that WisdomTree’s dividend-focused approaches have tended to historically tilt greater weight toward dividend-paying firms, and dividend paying equities tend to do well when interest rates decline. The performance of most of the WisdomTree earnings-weighted Funds compared to their performance benchmarks was unfavorable over the period. The WisdomTree earnings-weighted Funds displayed above track an underlying WisdomTree Index that focuses solely on generating exposure to the performance of companies that have generated positive profits on a cumulative basis leading up to the Index screening date. Although we feel investing in only profitable companies is a long term prudent strategy, during certain years, market performance can be driven by momentum and future growth expectations of more speculative and less profitable companies.

The strongest relative performance advantage measured versus the requisite performance benchmarks came with respect to the WisdomTree LargeCap Value Fund (EZY), outperforming its performance benchmark by 5.40%, driven primarily by stock selection within Healthcare and Industrials sectors. The WisdomTree U.S. Dividend Growth Fund (DGRW) also saw strong relative outperformance. DGRW’s forward looking dividend growth methodology and quality screens contributed to the outperformance against its performance benchmark over the period, which primarily focuses on past historical dividend growth as a criteria for index inclusion. The WisdomTree MidCap Dividend Fund (DON) also displayed strong performance over the period and outperformed its performance benchmark, primarily due to stock selection among Financials and Industrials.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 16 for the list of index descriptions.

Fund performance assumes reinvestment of dividends and capital gain distributions. 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 are 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 that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.

 

2   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Dividend ex-Financials Fund (DTN)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Energy

    14.1%   

Consumer Staples

    13.3%   

Utilities

    13.2%   

Consumer Discretionary

    12.9%   

Information Technology

    11.2%   

Industrials

    10.1%   

Materials

    9.7%   

Healthcare

    9.4%   

Telecommunication Services

    5.3%   

Investment Company

    0.5%   

Other Assets less Liabilities‡

    0.3%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Kraft Foods Group, Inc.

    1.9%   

AT&T, Inc.

    1.9%   

Williams Cos., Inc. (The)

    1.9%   

CenturyLink, Inc.

    1.7%   

ONEOK, Inc.

    1.7%   

Verizon Communications, Inc.

    1.7%   

Kinder Morgan, Inc.

    1.6%   

Coach, Inc.

    1.6%   

Reynolds American, Inc.

    1.6%   

Maxim Integrated Products, Inc.

    1.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Dividend ex-Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend ex-Financials Index.

The Fund returned 11.27% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Consumer Staples sector. The Fund’s position in the Materials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       11.27      15.36      16.12      8.66

Fund Market Price Returns

       11.32      15.35      16.11      8.66

WisdomTree Dividend Top 100/Dividend ex-Financials Spliced Index2

       11.63      15.75      16.56      9.06

Dow Jones U.S. Select Dividend IndexSM

       10.13      15.87      15.46      7.05
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2 

WisdomTree Dividend Top 100 Index through May 7, 2009; WisdomTree Dividend ex-Financials Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Domestic Earnings and Dividend Funds      3   


Table of Contents

Performance Summary (unaudited)

WisdomTree Earnings 500 Fund (EPS)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    20.1%   

Information Technology

    18.2%   

Industrials

    11.5%   

Consumer Discretionary

    11.4%   

Energy

    11.0%   

Healthcare

    10.1%   

Consumer Staples

    9.4%   

Materials

    3.0%   

Utilities

    2.6%   

Telecommunication Services

    2.5%   

Investment Company

    0.1%   

Other Assets less Liabilities‡

    0.1%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Apple, Inc.

    4.4%   

Exxon Mobil Corp.

    3.5%   

JPMorgan Chase & Co.

    2.2%   

Wells Fargo & Co.

    2.2%   

Chevron Corp.

    2.1%   

Microsoft Corp.

    1.8%   

Berkshire Hathaway, Inc., Class B

    1.7%   

International Business Machines Corp.

    1.7%   

General Electric Co.

    1.7%   

Johnson & Johnson

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree Earnings 500 Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Earnings 500 Index.

The Fund returned 11.28% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Information Technology sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       11.28      15.29      14.08      6.63

Fund Market Price Returns

       11.31      15.31      14.11      6.64

WisdomTree Earnings 500 Index

       11.58      15.63      14.40      6.94

S&P 500® Index

       12.73      16.11      14.47      6.74
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

4   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Equity Income Fund (DHS)

 

Sector Breakdown as of 3/31/15

 

Sector   % of Net Assets  

Financials

    18.0%   

Energy

    15.3%   

Consumer Staples

    15.0%   

Telecommunication Services

    10.5%   

Utilities

    9.7%   

Healthcare

    9.2%   

Industrials

    7.8%   

Consumer Discretionary

    7.4%   

Materials

    3.3%   

Information Technology

    3.3%   

Investment Company

    0.2%   

Other Assets less Liabilities‡

    0.3%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Exxon Mobil Corp.

    4.8%   

Verizon Communications, Inc.

    4.7%   

AT&T, Inc.

    4.7%   

General Electric Co.

    4.2%   

Chevron Corp.

    4.0%   

Pfizer, Inc.

    3.6%   

Procter & Gamble Co. (The)

    3.1%   

JPMorgan Chase & Co.

    2.9%   

Philip Morris International, Inc.

    2.7%   

Coca-Cola Co. (The)

    2.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Equity Income Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Equity Income Index.

The Fund returned 10.64% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Financials sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       10.64      14.51      15.67      6.19

Fund Market Price Returns

       10.63      14.50      15.68      6.20

WisdomTree Equity Income Index

       11.02      14.88      16.09      6.51

Russell 1000® Value Index

       9.33      16.44      13.75      6.91
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Domestic Earnings and Dividend Funds      5   


Table of Contents

Performance Summary (unaudited)

WisdomTree LargeCap Dividend Fund (DLN)

 

Sector Breakdown as of 3/31/15

 

Sector   % of Net Assets  

Information Technology

    14.9%   

Financials

    14.8%   

Consumer Staples

    14.4%   

Energy

    11.1%   

Healthcare

    10.9%   

Industrials

    10.6%   

Consumer Discretionary

    9.2%   

Telecommunication Services

    5.9%   

Utilities

    4.7%   

Materials

    3.2%   

Investment Company

    0.1%   

Other Assets less Liabilities‡

    0.2%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Apple, Inc.

    3.6%   

Exxon Mobil Corp.

    3.3%   

Verizon Communications, Inc.

    2.8%   

AT&T, Inc.

    2.8%   

Microsoft Corp.

    2.5%   

General Electric Co.

    2.5%   

Chevron Corp.

    2.4%   

Johnson & Johnson

    2.2%   

Pfizer, Inc.

    2.1%   

Wells Fargo & Co.

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree LargeCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend Index.

The Fund returned 11.08% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Information Technology sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       11.08      14.46      14.60      7.30

Fund Market Price Returns

       11.12      14.49      14.61      7.28

WisdomTree LargeCap Dividend Index

       11.36      14.75      14.91      7.66

S&P 500® Index

       12.73      16.11      14.47      8.16
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

6   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree LargeCap Value Fund (EZY)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    24.0%   

Industrials

    15.5%   

Consumer Discretionary

    14.2%   

Healthcare

    13.9%   

Information Technology

    9.7%   

Energy

    7.8%   

Consumer Staples

    6.9%   

Materials

    6.5%   

Utilities

    1.1%   

Investment Companies

    0.2%   

Telecommunication Services

    0.1%   

Other Assets less Liabilities‡

    0.1%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

JPMorgan Chase & Co.

    4.1%   

Wells Fargo & Co.

    3.1%   

UnitedHealth Group, Inc.

    3.1%   

Berkshire Hathaway, Inc., Class B

    3.0%   

Ford Motor Co.

    2.7%   

CVS Health Corp.

    2.3%   

ConocoPhillips

    2.3%   

Hewlett-Packard Co.

    2.2%   

Boeing Co. (The)

    2.2%   

Bank of America Corp.

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree LargeCap Value Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Value Index.

The Fund returned 14.73% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Healthcare sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       14.73      16.20      14.15      5.44

Fund Market Price Returns

       14.86      16.24      14.17      5.47

WisdomTree Low P/E/LargeCap Value Spliced Index2

       15.17      16.58      14.60      5.80

Russell 1000® Value Index

       9.33      16.44      13.75      5.10
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

2 

WisdomTree Low P/E Index through June 19, 2009; WisdomTree LargeCap Value Index thereafter.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Domestic Earnings and Dividend Funds      7   


Table of Contents

Performance Summary (unaudited)

WisdomTree MidCap Dividend Fund (DON)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    24.9%   

Consumer Discretionary

    17.3%   

Industrials

    13.7%   

Utilities

    12.8%   

Materials

    8.6%   

Information Technology

    7.4%   

Energy

    6.3%   

Consumer Staples

    3.9%   

Healthcare

    2.4%   

Telecommunication Services

    2.3%   

Investment Company

    0.1%   

Other Assets less Liabilities‡

    0.3%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Windstream Holdings, Inc.

    1.2%   

Frontier Communications Corp.

    1.1%   

Coach, Inc.

    1.0%   

Ameren Corp.

    0.9%   

Diamond Offshore Drilling, Inc.

    0.9%   

Mattel, Inc.

    0.9%   

CenterPoint Energy, Inc.

    0.9%   

Maxim Integrated Products, Inc.

    0.9%   

Darden Restaurants, Inc.

    0.8%   

Helmerich & Payne, Inc.

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree MidCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree MidCap Dividend Index.

The Fund returned 14.46% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Financials sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       14.46      18.52      16.52      9.60

Fund Market Price Returns

       14.56      18.52      16.51      9.67

WisdomTree MidCap Dividend Index

       14.78      18.80      16.91      9.60

S&P MidCap 400® Index

       12.19      17.03      15.72      10.16
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

8   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree MidCap Earnings Fund (EZM)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    24.2%   

Industrials

    19.2%   

Consumer Discretionary

    16.4%   

Information Technology

    12.6%   

Materials

    7.0%   

Utilities

    6.3%   

Energy

    5.8%   

Healthcare

    4.2%   

Consumer Staples

    3.7%   

Investment Company

    0.4%   

Telecommunication Services

    0.1%   

Other Assets less Liabilities‡

    0.1%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Brunswick Corp.

    0.7%   

Discovery Communications, Inc., Class A

    0.7%   

Santander Consumer USA Holdings, Inc.

    0.7%   

WABCO Holdings, Inc.

    0.7%   

Trinity Industries, Inc.

    0.6%   

Liberty Media Corp., Class A

    0.6%   

MBIA, Inc.

    0.6%   

Avnet, Inc.

    0.5%   

Western Refining, Inc.

    0.5%   

Arrow Electronics, Inc.

    0.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree MidCap Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree MidCap Earnings Index.

The Fund returned 9.99% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Financials sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       9.99      18.12      16.88      9.91

Fund Market Price Returns

       10.23      18.12      16.90      9.94

WisdomTree MidCap Earnings Index

       10.26      18.38      17.21      10.12

S&P MidCap 400® Index

       12.19      17.03      15.72      8.81
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Domestic Earnings and Dividend Funds      9   


Table of Contents

Performance Summary (unaudited)

WisdomTree SmallCap Dividend Fund (DES)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    24.8%   

Industrials

    15.9%   

Consumer Discretionary

    15.2%   

Utilities

    10.8%   

Information Technology

    8.8%   

Consumer Staples

    6.6%   

Materials

    6.3%   

Healthcare

    5.2%   

Energy

    4.1%   

Telecommunication Services

    2.0%   

Investment Company

    0.1%   

Other Assets less Liabilities‡

    0.2%   

Total

    100.0%   

 

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Vector Group Ltd.

    1.4

Theravance, Inc.

    1.0

PBF Energy, Inc., Class A

    1.0

Nu Skin Enterprises, Inc., Class A

    0.9

UIL Holdings Corp.

    0.9

TAL International Group, Inc.

    0.8

Lexmark International, Inc., Class A

    0.7

WGL Holdings, Inc.

    0.7

SeaWorld Entertainment, Inc.

    0.7

PDL BioPharma, Inc.

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index.

The Fund returned 8.33% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Financials sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year     

Since

Inception1

 

Fund NAV Returns

       8.33      17.27      14.92      8.05

Fund Market Price Returns

       8.50      17.23      14.89      8.06

WisdomTree SmallCap Dividend Index

       8.45      17.26      15.01      8.10

Russell 2000® Index

       8.21      16.27      14.57      8.43
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

10   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree SmallCap Earnings Fund (EES)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    24.2%   

Industrials

    18.0%   

Consumer Discretionary

    17.1%   

Information Technology

    12.7%   

Energy

    8.9%   

Healthcare

    8.3%   

Materials

    4.6%   

Consumer Staples

    2.6%   

Utilities

    2.2%   

Telecommunication Services

    1.0%   

Investment Company

    0.3%   

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.
Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Oasis Petroleum, Inc.

    1.1%   

St. Joe Co. (The)

    0.9%   

PDL BioPharma, Inc.

    0.8%   

Delek U.S. Holdings, Inc.

    0.6%   

Ryland Group, Inc. (The)

    0.6%   

Laredo Petroleum, Inc.

    0.6%   

Amkor Technology, Inc.

    0.5%   

Meritage Homes Corp.

    0.5%   

American Axle & Manufacturing Holdings, Inc.

    0.5%   

William Lyon Homes, Class A

    0.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree SmallCap Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings Index.

The Fund returned 4.89% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Consumer Discretionary sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year     

Since

Inception1

 

Fund NAV Returns

       4.89      15.78      15.26      8.01

Fund Market Price Returns

       4.81      15.72      15.25      8.00

WisdomTree SmallCap Earnings Index

       5.07      15.95      15.49      8.10

Russell 2000® Index

       8.21      16.27      14.57      6.72
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Domestic Earnings and Dividend Funds      11   


Table of Contents

Performance Summary (unaudited)

WisdomTree Total Dividend Fund (DTD)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    19.2%   

Information Technology

    13.4%   

Consumer Staples

    12.5%   

Industrials

    10.7%   

Energy

    10.0%   

Consumer Discretionary

    9.8%   

Healthcare

    9.5%   

Utilities

    5.5%   

Telecommunication Services

    5.2%   

Materials

    3.8%   

Investment Company

    0.2%   

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.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Apple, Inc.

    3.0%   

Exxon Mobil Corp.

    2.7%   

Verizon Communications, Inc.

    2.3%   

AT&T, Inc.

    2.3%   

Microsoft Corp.

    2.1%   

General Electric Co.

    2.1%   

Chevron Corp.

    2.0%   

Johnson & Johnson

    1.8%   

Wells Fargo & Co.

    1.8%   

Pfizer, Inc.

    1.8%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Total Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index.

The Fund returned 11.47% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Information Technology sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       11.47      14.95      14.79      7.59

Fund Market Price Returns

       11.72      14.99      14.83      7.59

WisdomTree Dividend Index

       11.77      15.29      15.27      8.03

Russell 3000® Index

       12.37      16.43      14.71      8.40
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

12   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Total Earnings Fund (EXT)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Financials

    20.9%   

Information Technology

    17.5%   

Industrials

    12.4%   

Consumer Discretionary

    12.1%   

Energy

    10.4%   

Healthcare

    9.5%   

Consumer Staples

    8.6%   

Materials

    3.4%   

Utilities

    2.9%   

Telecommunication Services

    2.2%   

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.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Apple, Inc.

    3.8%   

Exxon Mobil Corp.

    3.0%   

JPMorgan Chase & Co.

    1.9%   

Wells Fargo & Co.

    1.9%   

Chevron Corp.

    1.8%   

Microsoft Corp.

    1.6%   

Berkshire Hathaway, Inc., Class B

    1.5%   

International Business Machines Corp.

    1.5%   

General Electric Co.

    1.5%   

Johnson & Johnson

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree Total Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Earnings Index.

The Fund returned 10.93% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Information Technology sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      Since
Inception1
 

Fund NAV Returns

       10.93      15.57      14.35      7.01

Fund Market Price Returns

       10.94      15.55      14.36      7.01

WisdomTree Earnings Index

       11.35      15.94      14.71      7.28

Russell 3000® Index

       12.37      16.43      14.71      6.93
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Domestic Earnings and Dividend Funds      13   


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Dividend Growth Fund (DGRW)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Consumer Discretionary

    20.4%   

Information Technology

    19.3%   

Industrials

    17.9%   

Consumer Staples

    13.7%   

Healthcare

    10.7%   

Energy

    7.4%   

Materials

    6.1%   

Financials

    4.3%   

Utilities

    0.1%   

Other Assets less Liabilities‡

    0.1%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

Exxon Mobil Corp.

    5.1%   

Apple, Inc.

    4.3%   

Microsoft Corp.

    3.3%   

Altria Group, Inc.

    2.9%   

PepsiCo, Inc.

    2.7%   

McDonald’s Corp.

    2.5%   

International Business Machines Corp.

    2.3%   

Intel Corp.

    2.0%   

Home Depot, Inc. (The)

    2.0%   

AbbVie, 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 investment of cash collateral for securities on loan (if any).

The WisdomTree U.S. Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend Growth Index.

The Fund returned 13.94% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Consumer Staples sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       13.94      15.20

Fund Market Price Returns

       14.04      15.25

WisdomTree U.S. Dividend Growth Index

       14.22      15.52

NASDAQ U.S. Dividend AchieversTM Select Index

       9.62      11.47
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on May 22, 2013.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

14   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

 

Sector Breakdown† as of 3/31/15

 

Sector   % of Net Assets  

Industrials

    22.0%   

Consumer Discretionary

    20.4%   

Financials

    13.5%   

Information Technology

    10.8%   

Materials

    10.8%   

Consumer Staples

    7.1%   

Energy

    6.5%   

Healthcare

    6.2%   

Utilities

    1.4%   

Telecommunication Services

    1.1%   

Other Assets less Liabilities‡

    0.2%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

Other assets includes investment of cash collateral for securities on loan (if any).

Top Ten Holdings* as of 3/31/15

 

Description   % of Net Assets  

PBF Energy, Inc., Class A

    2.2%   

Nu Skin Enterprises, Inc., Class A

    2.1%   

TAL International Group, Inc.

    1.7%   

Lexmark International, Inc., Class A

    1.7%   

Olin Corp.

    1.6%   

Bank of Hawaii Corp.

    1.5%   

New Jersey Resources Corp.

    1.4%   

Patterson-UTI Energy, Inc.

    1.3%   

B&G Foods, Inc.

    1.3%   

DineEquity, Inc.

    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 investment of cash collateral for securities on loan (if any).

The WisdomTree U.S. SmallCap Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Dividend Growth Index.

The Fund returned 8.37% at net asset value (“NAV”) for the fiscal year ending March 31, 2015 (for more complete performance information please see the chart below). The Fund benefited most from its position in the Financials sector. The Fund’s position in the Materials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share 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 mid-point of the highest bid and lowest offer 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 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2014, as supplemented January 1, 2015, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/15

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       8.37      13.76

Fund Market Price Returns

       8.56      13.74

WisdomTree U.S. SmallCap Dividend Growth Index

       8.61      14.09

Russell 2000® Index

       8.21      12.28
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 25, 2013.

 

LOGO

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Domestic Earnings and Dividend Funds      15   


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this report:

The Dow Jones U.S. Select Dividend IndexSM is comprised of 100 U.S. dividend-paying companies.

The NASDAQ U.S. Dividend AchieversTM Select Index is a capitalization-weighted index that measures the performance of U.S. common stocks that have a history of increasing dividends for at least ten consecutive years.

The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.

The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.

The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.

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

The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.

The WisdomTree Dividend ex-Financials Index is comprised of high dividend-yielding stocks outside the financial sector.

The WisdomTree Dividend Index defines the dividend-paying portion of the U.S. stock market.

The WisdomTree Dividend Top 100 Index is comprised of the 100 highest dividend-yielding companies in the WisdomTree LargeCap Dividend Index.

The WisdomTree Earnings 500 Index is comprised of earnings-generating companies within the large-capitalization segment of the U.S. stock market.

The WisdomTree Earnings Index is comprised of earnings-generating companies within the broad U.S. stock market.

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

The WisdomTree LargeCap Dividend Index is comprised of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.

The WisdomTree LargeCap Value Index is comprised of the large-capitalization value segment within the earnings-generating companies of the U.S. stock market.

The WisdomTree Low P/E Index is comprised of companies with the lowest price-to- earnings ratios (P/E ratios) in the WisdomTree Earnings Index.

The WisdomTree MidCap Dividend Index is comprised of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.

The WisdomTree MidCap Earnings Index is comprised of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.

The WisdomTree SmallCap Dividend Index is comprised of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.

The WisdomTree SmallCap Earnings Index is comprised of earnings-generating companies within the small-capitalization segment of the U.S. stock market.

The WisdomTree U.S. Dividend Growth Index is comprised of dividend-paying stocks with growth characteristics.

 

16   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Description of Indexes (unaudited) (concluded)

 

 

The WisdomTree U.S. SmallCap Dividend Growth Index is comprised of the small-capitalization segment of dividend-paying stocks with growth characteristics.

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

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

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

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

WisdomTree Investments and WisdomTree Asset Management (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.

 

WisdomTree Domestic Earnings and Dividend Funds      17   


Table of Contents

Shareholder Expense Examples (unaudited)

 

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 following example is 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 example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2014 to March 31, 2015.

Actual expenses

The first line under each Fund in the table on the next page 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 10/1/14 to 3/31/15” to estimate the expenses you paid on your account during the period.

Hypothetical example for comparison purposes

The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each 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 under each Fund 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.

 

18   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

 

      Beginning
Account Value
10/1/14
     Ending
Account Value
3/31/15
     Annualized
Expense Ratio
Based on the
Period
10/1/14 to
3/31/15
    Expenses Paid
During the
Period†
10/1/14 to
3/31/15
 

WisdomTree Dividend ex-Financials Fund

          

Actual

   $ 1,000.00       $ 1,051.20         0.38   $ 1.94   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree Earnings 500 Fund

          

Actual

   $ 1,000.00       $ 1,049.00         0.28   $ 1.43   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.28   $ 1.41   

WisdomTree Equity Income Fund

          

Actual

   $ 1,000.00       $ 1,042.00         0.38   $ 1.93   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree LargeCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,044.80         0.28   $ 1.43   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.28   $ 1.41   

WisdomTree LargeCap Value Fund

          

Actual

   $ 1,000.00       $ 1,091.60         0.38   $ 1.98   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree MidCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,113.50         0.38   $ 2.00   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree MidCap Earnings Fund

          

Actual

   $ 1,000.00       $ 1,108.90         0.38   $ 2.00   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree SmallCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,124.20         0.38   $ 2.01   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree SmallCap Earnings Fund

          

Actual

   $ 1,000.00       $ 1,115.60         0.38   $ 2.00   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree Total Dividend Fund

          

Actual

   $ 1,000.00       $ 1,056.50         0.28   $ 1.44   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.28   $ 1.41   

WisdomTree Total Earnings Fund

          

Actual

   $ 1,000.00       $ 1,056.30         0.28   $ 1.44   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.28   $ 1.41   

WisdomTree U.S. Dividend Growth Fund

          

Actual

   $ 1,000.00       $ 1,078.70         0.28   $ 1.45   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.28   $ 1.41   

WisdomTree U.S. SmallCap Dividend Growth Fund

  

       

Actual

   $ 1,000.00       $ 1,137.40         0.38   $ 2.02   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

 

Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period).

 

WisdomTree Domestic Earnings and Dividend Funds      19   


Table of Contents

Schedule of Investments

WisdomTree Dividend ex-Financials Fund (DTN)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.2%      
United States – 99.2%      
Aerospace & Defense – 2.1%      

Lockheed Martin Corp.

     75,948       $ 15,414,406   

Raytheon Co.

     96,875         10,583,594   
     

 

 

 
Total Aerospace & Defense         25,998,000   
Air Freight & Logistics – 0.8%      

United Parcel Service, Inc. Class B

     98,306         9,529,784   
Automobiles – 2.7%      

Ford Motor Co.

     931,431         15,033,296   

General Motors Co.

     508,370         19,063,875   
     

 

 

 
Total Automobiles         34,097,171   
Chemicals – 6.2%      

Air Products & Chemicals, Inc.

     69,167         10,463,584   

Airgas, Inc.

     77,815         8,256,950   

CF Industries Holdings, Inc.

     39,730         11,270,606   

Dow Chemical Co. (The)

     354,467         17,007,327   

E.I. du Pont de Nemours & Co.

     169,054         12,082,289   

Mosaic Co. (The)

     221,835         10,217,720   

Praxair, Inc.

     73,179         8,835,632   
     

 

 

 
Total Chemicals         78,134,108   
Commercial Services & Supplies – 2.3%      

Republic Services, Inc.

     327,893         13,299,340   

Waste Management, Inc.

     281,161         15,247,361   
     

 

 

 
Total Commercial Services & Supplies         28,546,701   
Communications Equipment – 1.0%      

Cisco Systems, Inc.

     453,973         12,495,607   
Diversified Telecommunication Services – 5.3%      

AT&T, Inc.(a)

     734,669         23,986,943   

CenturyLink, Inc.

     625,318         21,604,737   

Verizon Communications, Inc.

     432,800         21,047,064   
     

 

 

 
Total Diversified Telecommunication Services         66,638,744   
Electric Utilities – 8.0%      

American Electric Power Co., Inc.

     277,018         15,582,262   

Duke Energy Corp.

     209,477         16,083,644   

Entergy Corp.

     204,977         15,883,668   

FirstEnergy Corp.(a)

     462,995         16,232,605   

PPL Corp.

     530,036         17,841,012   

Southern Co. (The)(a)

     408,473         18,087,184   
     

 

 

 
Total Electric Utilities         99,710,375   
Electrical Equipment – 1.9%      

Emerson Electric Co.

     225,119         12,746,238   

Rockwell Automation, Inc.

     95,659         11,095,487   
     

 

 

 
Total Electrical Equipment         23,841,725   
Food & Staples Retailing – 1.0%      

Sysco Corp.

     340,598         12,850,763   
Food Products – 4.2%      

General Mills, Inc.

     264,554         14,973,756   

Kellogg Co.

     199,224         13,138,823   
     

Kraft Foods Group, Inc.

     275,597       $ 24,008,633   
     

 

 

 
Total Food Products         52,121,212   
Health Care Equipment & Supplies – 2.3%      

Abbott Laboratories

     197,795         9,163,842   

Baxter International, Inc.

     176,336         12,079,016   

Becton, Dickinson and Co.

     55,462         7,963,789   
     

 

 

 
Total Health Care Equipment & Supplies         29,206,647   
Health Care Providers & Services – 0.9%      

Quest Diagnostics, Inc.(a)

     142,582         10,957,427   
Hotels, Restaurants & Leisure – 3.6%      

Las Vegas Sands Corp.(a)

     261,708         14,404,408   

McDonald’s Corp.

     176,177         17,166,687   

Wynn Resorts Ltd.

     103,578         13,038,399   
     

 

 

 
Total Hotels, Restaurants & Leisure         44,609,494   
Household Products – 2.1%      

Clorox Co. (The)

     131,717         14,540,240   

Kimberly-Clark Corp.

     114,454         12,259,168   
     

 

 

 
Total Household Products         26,799,408   
Industrial Conglomerates – 1.2%      

General Electric Co.

     601,371         14,920,014   
IT Services – 3.4%      

International Business Machines Corp.

     77,803         12,487,382   

Paychex, Inc.

     309,015         15,331,779   

Western Union Co. (The)(a)

     715,925         14,898,399   
     

 

 

 
Total IT Services         42,717,560   
Leisure Products – 1.3%      

Mattel, Inc.(a)

     714,064         16,316,362   
Machinery – 1.9%      

Caterpillar, Inc.(a)

     138,565         11,089,357   

Deere & Co.(a)

     139,921         12,269,672   
     

 

 

 
Total Machinery         23,359,029   
Metals & Mining – 2.4%      

Freeport-McMoRan, Inc.

     973,248         18,443,050   

Nucor Corp.

     237,383         11,282,814   
     

 

 

 
Total Metals & Mining         29,725,864   
Multi-Utilities – 5.2%      

Ameren Corp.

     393,939         16,624,226   

CenterPoint Energy, Inc.

     810,075         16,533,631   

Consolidated Edison, Inc.(a)

     273,887         16,707,107   

SCANA Corp.(a)

     287,844         15,828,541   
     

 

 

 
Total Multi-Utilities         65,693,505   
Multiline Retail – 2.5%      

Kohl’s Corp.(a)

     211,111         16,519,436   

Target Corp.

     175,433         14,397,786   
     

 

 

 
Total Multiline Retail         30,917,222   
Oil, Gas & Consumable Fuels – 14.1%      

Chevron Corp.

     164,144         17,231,837   

ConocoPhillips

     303,029         18,866,585   

Exxon Mobil Corp.

     151,531         12,880,135   

 

See Notes to Financial Statements.

 

20   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dividend ex-Financials Fund (DTN)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

HollyFrontier Corp.(a)

     364,807       $ 14,690,778   

Kinder Morgan, Inc.

     480,626         20,215,130   

Murphy Oil Corp.(a)

     281,418         13,114,079   

Occidental Petroleum Corp.

     213,835         15,609,955   

ONEOK, Inc.(a)

     446,486         21,538,485   

Spectra Energy Corp.(a)

     526,440         19,041,335   

Williams Cos., Inc. (The)

     462,550         23,400,404   
     

 

 

 
Total Oil, Gas & Consumable Fuels         176,588,723   
Paper & Forest Products – 1.1%      

International Paper Co.

     248,645         13,797,311   
Pharmaceuticals – 6.2%      

AbbVie, Inc.

     194,023         11,358,106   

Bristol-Myers Squibb Co.

     185,073         11,937,209   

Eli Lilly & Co.

     179,260         13,023,239   

Johnson & Johnson

     110,365         11,102,719   

Merck & Co., Inc.

     229,975         13,218,963   

Pfizer, Inc.

     476,497         16,577,331   
     

 

 

 
Total Pharmaceuticals         77,217,567   
Semiconductors & Semiconductor Equipment – 5.6%      

Analog Devices, Inc.

     215,669         13,587,147   

Intel Corp.

     315,940         9,879,444   

KLA-Tencor Corp.

     189,538         11,048,170   

Maxim Integrated Products, Inc.

     556,051         19,356,135   

Microchip Technology, Inc.(a)

     329,523         16,113,675   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               69,984,571   
Software – 1.2%      

CA, Inc.

     481,357         15,697,052   
Specialty Retail – 1.2%      

Staples, Inc.

     926,226         15,083,590   
Textiles, Apparel & Luxury Goods – 1.6%      

Coach, Inc.(a)

     483,180         20,018,147   
Tobacco – 5.9%      

Altria Group, Inc.

     370,540         18,534,411   

Lorillard, Inc.

     276,136         18,045,487   

Philip Morris International, Inc.

     242,651         18,278,900   

Reynolds American, Inc.

     283,236         19,517,793   
     

 

 

 
Total Tobacco         74,376,591   

TOTAL COMMON STOCKS

(Cost: $1,111,730,391)

  

  

     1,241,950,274   
EXCHANGE-TRADED FUNDS – 0.5%      
United States – 0.5%      

WisdomTree LargeCap Dividend Fund(b)

     40,830         2,992,839   

WisdomTree MidCap Dividend Fund(a)(b)

     34,953         3,008,754   
     

 

 

 

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $5,937,132)

              6,001,593   
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.8%      
United States – 9.8%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $122,329,678)(d)      122,329,678       $ 122,329,678   

TOTAL INVESTMENTS IN SECURITIES – 109.5%

(Cost: $1,239,997,201)

  

  

     1,370,281,545   

Liabilities in Excess of Cash and Other Assets – (9.5)%

  

     (119,294,784
     

 

 

 
NET ASSETS – 100.0%             $ 1,250,986,761   
(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b)

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $162,766,933 and the total market value of the collateral held by the Fund was $166,544,784. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $44,215,106. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      21   


Table of Contents

Schedule of Investments

WisdomTree Earnings 500 Fund (EPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
     
COMMON STOCKS – 99.8%      
United States – 99.8%      
Aerospace & Defense – 3.4%      

B/E Aerospace, Inc.(a)

     718       $ 45,679   

Boeing Co. (The)(a)

     7,211         1,082,227   

General Dynamics Corp.

     2,687         364,707   

Honeywell International, Inc.

     5,737         598,427   

KLX, Inc.*

     482         18,576   

L-3 Communications Holdings, Inc.

     789         99,248   

Lockheed Martin Corp.

     2,823         572,956   

Northrop Grumman Corp.

     1,895         305,019   

Precision Castparts Corp.(a)

     1,114         233,940   

Raytheon Co.(a)

     3,272         357,466   

Rockwell Collins, Inc.(a)

     1,041         100,509   

Textron, Inc.(a)

     1,992         88,305   

TransDigm Group, Inc.(a)

     110         24,059   

United Technologies Corp.(a)

     7,586         889,079   
     

 

 

 
Total Aerospace & Defense         4,780,197   
Air Freight & Logistics – 0.6%      

C.H. Robinson Worldwide, Inc.(a)

     890         65,166   

Expeditors International of Washington, Inc.(a)

     1,141         54,973   

FedEx Corp.(a)

     1,698         280,934   

United Parcel Service, Inc. Class B

     5,152         499,435   
     

 

 

 
Total Air Freight & Logistics         900,508   
Airlines – 1.2%      

Alaska Air Group, Inc.

     1,357         89,806   

Delta Air Lines, Inc.(a)

     28,718         1,291,161   

Southwest Airlines Co.(a)

     3,893         172,460   

United Continental Holdings, Inc.*

     2,744         184,534   
     

 

 

 
Total Airlines         1,737,961   
Auto Components – 0.5%      

Autoliv, Inc.(a)

     597         70,309   

BorgWarner, Inc.(a)

     1,664         100,639   

Goodyear Tire & Rubber Co. (The)(a)

     2,836         76,799   

Johnson Controls, Inc.

     3,322         167,562   

Lear Corp.

     792         87,769   

TRW Automotive Holdings Corp.*

     1,349         141,442   
     

 

 

 
Total Auto Components         644,520   
Automobiles – 1.0%      

Ford Motor Co.(a)

     61,985         1,000,438   

General Motors Co.

     7,736         290,100   

Harley-Davidson, Inc.(a)

     1,717         104,291   
     

 

 

 
Total Automobiles               1,394,829   
Banks – 8.9%      

Bank of America Corp.

     132,982         2,046,593   

BB&T Corp.

     7,139         278,350   

CIT Group, Inc.

     2,822         127,329   

Citigroup, Inc.

     30,831         1,588,413   

Comerica, Inc.(a)

     1,669         75,322   

Fifth Third Bancorp

     9,491         178,905   

Huntington Bancshares, Inc.(a)

     8,313         91,859   

JPMorgan Chase & Co.(a)

     50,249         3,044,084   
     

KeyCorp

     9,060       $ 128,289   

M&T Bank Corp.(a)

     1,070         135,890   

PNC Financial Services Group, Inc. (The)

     6,114         570,069   

Regions Financial Corp.(a)

     15,584         147,269   

SunTrust Banks, Inc.(a)

     5,507         226,283   

U.S. Bancorp

     18,019         786,890   

Wells Fargo & Co.

     55,632         3,026,381   
     

 

 

 
Total Banks         12,451,926   
Beverages – 1.9%      

Brown-Forman Corp. Class B(a)

     1,086         98,120   

Coca-Cola Co. (The)

     26,707         1,082,969   

Coca-Cola Enterprises, Inc.

     2,091         92,422   

Constellation Brands, Inc. Class A*

     1,252         145,495   

Dr. Pepper Snapple Group, Inc.

     1,425         111,834   

Molson Coors Brewing Co. Class B

     1,468         109,293   

Monster Beverage Corp.*

     594         82,207   

PepsiCo, Inc.

     9,960         952,375   
     

 

 

 
Total Beverages         2,674,715   
Biotechnology – 1.9%      

Alexion Pharmaceuticals, Inc.*

     332         57,536   

Amgen, Inc.

     4,085         652,987   

Biogen, Inc.*

     985         415,906   

Celgene Corp.*(a)

     2,071         238,745   

Gilead Sciences, Inc.*(a)

     12,369         1,213,770   

Medivation, Inc.*(a)

     125         16,134   

Pharmacyclics, Inc.*

     71         18,172   

Regeneron Pharmaceuticals, Inc.*(a)

     125         56,435   
     

 

 

 
Total Biotechnology         2,669,685   
Building Products – 0.1%      

Fortune Brands Home & Security, Inc.(a)

     790         37,509   

Masco Corp.(a)

     4,678         124,903   
     

 

 

 
Total Building Products               162,412   
Capital Markets – 2.9%      

Affiliated Managers Group, Inc.*

     293         62,931   

Ameriprise Financial, Inc.

     1,608         210,391   

Bank of New York Mellon Corp. (The)(a)

     7,638         307,353   

BlackRock, Inc.

     1,331         486,933   

Charles Schwab Corp. (The)

     5,479         166,781   

Franklin Resources, Inc.(a)

     5,881         301,813   

Goldman Sachs Group, Inc. (The)

     5,892         1,107,519   

Morgan Stanley

     20,650         736,998   

Northern Trust Corp.(a)

     1,551         108,027   

Raymond James Financial, Inc.(a)

     1,134         64,388   

State Street Corp.

     3,889         285,958   

T. Rowe Price Group, Inc.

     1,923         155,725   

TD Ameritrade Holding Corp.(a)

     2,989         111,370   
     

 

 

 
Total Capital Markets         4,106,187   
Chemicals – 2.4%      

Air Products & Chemicals, Inc.(a)

     1,280         193,638   

Airgas, Inc.(a)

     466         49,447   

Celanese Corp. Series A(a)

     3,218         179,758   

CF Industries Holdings, Inc.

     577         163,683   

 

See Notes to Financial Statements.

 

22   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Dow Chemical Co. (The)(a)

     12,298       $ 590,058   

E.I. du Pont de Nemours & Co.(a)

     6,020         430,249   

Eastman Chemical Co.(a)

     1,593         110,331   

Ecolab, Inc.(a)

     1,494         170,884   

FMC Corp.(a)

     1,103         63,147   

International Flavors & Fragrances, Inc.

     558         65,509   

Monsanto Co.(a)

     3,171         356,864   

Mosaic Co. (The)(a)

     2,467         113,630   

PPG Industries, Inc.

     804         181,334   

Praxair, Inc.

     2,053         247,879   

Sherwin-Williams Co. (The)

     475         135,138   

Sigma-Aldrich Corp.

     523         72,305   

W.R. Grace & Co.*(a)

     435         43,009   

Westlake Chemical Corp.

     1,606         115,536   
     

 

 

 
Total Chemicals         3,282,399   
Commercial Services & Supplies – 0.2%      

Cintas Corp.(a)

     652         53,223   

Republic Services, Inc.

     2,476         100,427   

Stericycle, Inc.*(a)

     384         53,925   

Waste Management, Inc.

     1,480         80,260   
     

 

 

 
Total Commercial Services & Supplies         287,835   
Communications Equipment – 1.6%      

Cisco Systems, Inc.

     38,667         1,064,309   

F5 Networks, Inc.*(a)

     351         40,344   

Harris Corp.

     1,016         80,020   

Juniper Networks, Inc.(a)

     1,873         42,293   

Motorola Solutions, Inc.(a)

     1,451         96,738   

QUALCOMM, Inc.

     13,648         946,352   
     

 

 

 
Total Communications Equipment         2,270,056   
Construction & Engineering – 0.1%      

Fluor Corp.

     1,408         80,481   
Construction Materials – 0.0%      

Martin Marietta Materials, Inc.(a)

     147         20,551   

Vulcan Materials Co.

     65         5,479   
     

 

 

 
Total Construction Materials         26,030   
Consumer Finance – 1.2%      

Ally Financial, Inc.*(a)

     1,129         23,687   

American Express Co.(a)

     7,992         624,335   

Capital One Financial Corp.

     7,227         569,632   

Discover Financial Services

     5,460         307,671   

Navient Corp.

     7,285         148,104   
     

 

 

 
Total Consumer Finance         1,673,429   
Containers & Packaging – 0.2%      

Ball Corp.

     1,092         77,139   

MeadWestvaco Corp.

     930         46,379   

Packaging Corp. of America(a)

     912         71,309   

Rock-Tenn Co. Class A

     1,147         73,982   

Sealed Air Corp.(a)

     536         24,420   
     

 

 

 
Total Containers & Packaging         293,229   
Distributors – 0.1%      

Genuine Parts Co.(a)

     977         91,047   
     

LKQ Corp.*(a)

     1,748       $ 44,679   
     

 

 

 
Total Distributors         135,726   
Diversified Consumer Services – 0.1%      

H&R Block, Inc.

     2,268         72,735   
Diversified Financial Services – 2.3%      

Berkshire Hathaway, Inc. Class B*

     16,741         2,416,061   

CME Group, Inc.(a)

     1,584         150,021   

Intercontinental Exchange, Inc.

     340         79,312   

Leucadia National Corp.(a)

     2,071         46,163   

McGraw Hill Financial, Inc.(a)

     1,438         148,689   

Moody’s Corp.

     1,369         142,102   

NASDAQ OMX Group, Inc. (The)(a)

     1,276         64,999   

Voya Financial, Inc.

     4,918         212,015   
     

 

 

 
Total Diversified Financial Services         3,259,362   
Diversified Telecommunication Services – 2.5%      

AT&T, Inc.(a)

     49,858         1,627,864   

CenturyLink, Inc.(a)

     2,531         87,446   

Frontier Communications Corp.(a)

     3,926         27,678   

Level 3 Communications, Inc.*

     686         36,934   

Verizon Communications, Inc.

     34,823         1,693,443   
     

 

 

 
Total Diversified Telecommunication Services         3,473,365   
Electric Utilities – 1.5%      

American Electric Power Co., Inc.

     2,904         163,350   

Duke Energy Corp.

     4,995         383,516   

Edison International

     2,856         178,414   

Entergy Corp.

     1,595         123,597   

Eversource Energy(a)

     2,404         121,450   

Exelon Corp.(a)

     8,113         272,678   

FirstEnergy Corp.(a)

     755         26,470   

NextEra Energy, Inc.

     2,416         251,385   

OGE Energy Corp.(a)

     1,713         54,148   

PPL Corp.

     3,859         129,894   

Southern Co. (The)(a)

     5,871         259,968   

Xcel Energy, Inc.

     4,072         141,746   
     

 

 

 
Total Electric Utilities         2,106,616   
Electrical Equipment – 0.4%      

AMETEK, Inc.(a)

     1,526         80,176   

Emerson Electric Co.(a)

     6,406         362,708   

Rockwell Automation, Inc.(a)

     1,075         124,689   
     

 

 

 
Total Electrical Equipment               567,573   
Electronic Equipment, Instruments & Components – 0.3%      

Amphenol Corp. Class A(a)

     1,900         111,967   

Corning, Inc.

     9,740         220,903   

Trimble Navigation Ltd.*(a)

     1,130         28,476   
     

 

 

 
Total Electronic Equipment, Instruments & Components               361,346   
Energy Equipment & Services – 0.9%      

Baker Hughes, Inc.

     3,282         208,670   

Cameron International Corp.*

     2,284         103,054   

FMC Technologies, Inc.*(a)

     2,049         75,834   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      23   


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Halliburton Co.

     11,415       $ 500,890   

Helmerich & Payne, Inc.(a)

     1,444         98,293   

National Oilwell Varco, Inc.(a)

     5,586         279,244   
     

 

 

 
Total Energy Equipment & Services         1,265,985   
Food & Staples Retailing – 2.8%      

Costco Wholesale Corp.(a)

     2,048         310,262   

CVS Health Corp.

     6,973         719,683   

Kroger Co. (The)(a)

     3,539         271,300   

Sysco Corp.(a)

     3,523         132,923   

Wal-Mart Stores, Inc.

     25,376         2,087,176   

Walgreens Boots Alliance, Inc.

     3,545         300,190   

Whole Foods Market, Inc.

     1,570         81,766   
     

 

 

 
Total Food & Staples Retailing         3,903,300   
Food Products – 1.7%      

Archer-Daniels-Midland Co.

     5,133         243,304   

Campbell Soup Co.(a)

     2,450         114,048   

ConAgra Foods, Inc.(a)

     2,923         106,777   

General Mills, Inc.

     4,402         249,153   

Hershey Co. (The)(a)

     1,130         114,028   

Hormel Foods Corp.(a)

     1,636         93,007   

J.M. Smucker Co. (The)(a)

     748         86,566   

Kellogg Co.(a)

     2,396         158,016   

Keurig Green Mountain, Inc.(a)

     623         69,608   

Kraft Foods Group, Inc.(a)

     5,490         478,262   

McCormick & Co., Inc. Non-Voting Shares(a)

     863         66,546   

Mead Johnson Nutrition Co.(a)

     975         98,017   

Mondelez International, Inc. Class A(a)

     7,102         256,311   

Pilgrim’s Pride Corp.(a)

     2,880         65,059   

Tyson Foods, Inc. Class A(a)

     2,914         111,606   
     

 

 

 
Total Food Products         2,310,308   
Health Care Equipment & Supplies – 1.1%      

Abbott Laboratories(a)

     5,520         255,742   

Baxter International, Inc.

     3,575         244,887   

Becton, Dickinson and Co.(a)

     1,295         185,949   

Boston Scientific Corp.*(a)

     4,916         87,259   

C.R. Bard, Inc.

     417         69,785   

Cooper Cos., Inc. (The)

     305         57,163   

DENTSPLY International, Inc.(a)

     855         43,511   

Edwards Lifesciences Corp.*(a)

     352         50,146   

Hologic, Inc.*(a)

     114         3,765   

IDEXX Laboratories, Inc.*(a)

     154         23,790   

Intuitive Surgical, Inc.*(a)

     143         72,219   

ResMed, Inc.(a)

     905         64,961   

St. Jude Medical, Inc.(a)

     1,820         119,028   

Stryker Corp.

     977         90,128   

Varian Medical Systems, Inc.*(a)

     707         66,522   

Zimmer Holdings, Inc.(a)

     1,021         119,988   
     

 

 

 
Total Health Care Equipment & Supplies         1,554,843   
Health Care Providers & Services – 2.5%      

Aetna, Inc.

     3,187         339,511   

AmerisourceBergen Corp.(a)

     452         51,379   

Anthem, Inc.(a)

     2,526         390,040   
     

Cardinal Health, Inc.(a)

     1,902       $ 171,693   

Cigna Corp.

     2,519         326,059   

DaVita HealthCare Partners, Inc.*

     1,407         114,361   

Express Scripts Holding Co.*

     3,206         278,185   

HCA Holdings, Inc.*

     3,337         251,042   

Henry Schein, Inc.*(a)

     490         68,414   

Humana, Inc.(a)

     951         169,297   

Laboratory Corp. of America Holdings*(a)

     711         89,650   

McKesson Corp.

     972         219,866   

Quest Diagnostics, Inc.(a)

     1,205         92,604   

UnitedHealth Group, Inc.

     7,475         884,218   

Universal Health Services, Inc. Class B

     691         81,338   
     

 

 

 
Total Health Care Providers & Services         3,527,657   
Health Care Technology – 0.1%      

Cerner Corp.*(a)

     1,123         82,271   
Hotels, Restaurants & Leisure – 1.6%      

Aramark

     626         19,800   

Chipotle Mexican Grill, Inc.*(a)

     77         50,092   

Darden Restaurants, Inc.(a)

     366         25,378   

Hilton Worldwide Holdings, Inc.*

     2,555         75,679   

Hyatt Hotels Corp. Class A*(a)

     470         27,833   

Las Vegas Sands Corp.(a)

     6,667         366,952   

Marriott International, Inc. Class A(a)

     1,311         105,300   

McDonald’s Corp.

     7,446         725,538   

MGM Resorts International*(a)

     1,040         21,871   

Starbucks Corp.

     3,310         313,457   

Starwood Hotels & Resorts Worldwide, Inc.(a)

     919         76,737   

Wyndham Worldwide Corp.(a)

     856         77,442   

Wynn Resorts Ltd.(a)

     745         93,781   

Yum! Brands, Inc.

     2,686         211,442   
     

 

 

 
Total Hotels, Restaurants & Leisure         2,191,302   
Household Durables – 0.4%      

D.R. Horton, Inc.

     3,127         89,057   

GoPro, Inc. Class A*(a)

     76         3,299   

Harman International Industries, Inc.(a)

     329         43,964   

Jarden Corp.*(a)

     662         35,020   

Lennar Corp. Class A(a)

     1,572         81,445   

Mohawk Industries, Inc.*

     424         78,758   

Newell Rubbermaid, Inc.(a)

     1,651         64,505   

PulteGroup, Inc.(a)

     3,747         83,296   

Whirlpool Corp.

     625         126,287   
     

 

 

 
Total Household Durables               605,631   
Household Products – 1.5%      

Church & Dwight Co., Inc.

     652         55,694   

Clorox Co. (The)(a)

     809         89,305   

Colgate-Palmolive Co.(a)

     4,374         303,293   

Energizer Holdings, Inc.(a)

     397         54,806   

Kimberly-Clark Corp.

     2,580         276,344   

Procter & Gamble Co. (The)

     16,513         1,353,075   
     

 

 

 
Total Household Products               2,132,517   

 

See Notes to Financial Statements.

 

24   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Independent Power and Renewable Electricity Producers – 0.1%      

AES Corp.

     5,453       $ 70,071   
Industrial Conglomerates – 2.5%      

3M Co.

     4,286         706,976   

Danaher Corp.

     4,195         356,156   

General Electric Co.

     95,656         2,373,225   

Roper Industries, Inc.(a)

     587         100,964   
     

 

 

 
Total Industrial Conglomerates               3,537,321   
Insurance – 3.6%      

Aflac, Inc.

     6,850         438,469   

Alleghany Corp.*(a)

     156         75,972   

Allstate Corp. (The)

     5,047         359,195   

American International Group, Inc.

     17,313         948,579   

Arthur J. Gallagher & Co.(a)

     863         40,345   

Chubb Corp. (The)

     2,425         245,168   

Cincinnati Financial Corp.(a)

     1,173         62,497   

CNA Financial Corp.(a)

     2,942         121,887   

Hartford Financial Services Group, Inc. (The)(a)

     4,713         197,098   

Lincoln National Corp.(a)

     3,437         197,490   

Loews Corp.(a)

     2,956         120,693   

Markel Corp.*(a)

     49         37,679   

Marsh & McLennan Cos., Inc.

     3,484         195,418   

MetLife, Inc.

     13,933         704,313   

Principal Financial Group, Inc.(a)

     2,839         145,839   

Progressive Corp. (The)(a)

     5,193         141,250   

Prudential Financial, Inc.(a)

     2,596         208,485   

Torchmark Corp.(a)

     1,408         77,327   

Travelers Cos., Inc. (The)

     4,755         514,158   

Unum Group

     3,683         124,228   
     

 

 

 
Total Insurance               4,956,090   
Internet & Catalog Retail – 0.4%      

Expedia, Inc.

     678         63,820   

Liberty Interactive Corp. Class A*

     2,291         66,874   

Netflix, Inc.*(a)

     86         35,835   

Priceline Group Inc. (The)*(a)

     290         337,604   

TripAdvisor, Inc.*(a)

     334         27,779   
     

 

 

 
Total Internet & Catalog Retail               531,912   
Internet Software & Services – 1.9%      

Akamai Technologies, Inc.*(a)

     742         52,715   

Equinix, Inc.(a)

     75         17,464   

Facebook, Inc. Class A*

     4,829         397,016   

Google, Inc. Class A*

     3,534         1,960,310   

VeriSign, Inc.*(a)

     1,307         87,530   

Yahoo!, Inc.*(a)

     2,665         118,419   
     

 

 

 
Total Internet Software & Services               2,633,454   
IT Services – 3.5%      

Alliance Data Systems Corp.*(a)

     266         78,803   

Automatic Data Processing, Inc.

     2,445         209,390   

Cognizant Technology Solutions Corp. Class A*

     3,696         230,593   

Computer Sciences Corp.(a)

     1,515         98,899   

Fidelity National Information Services, Inc.

     1,327         90,316   
     

Fiserv, Inc.*(a)

     1,389       $ 110,287   

FleetCor Technologies, Inc.*(a)

     306         46,182   

Gartner, Inc.*

     274         22,975   

International Business Machines Corp.(a)

     14,837         2,381,338   

MasterCard, Inc. Class A

     5,679         490,609   

Paychex, Inc.(a)

     1,870         92,780   

Visa, Inc. Class A(a)

     12,076         789,891   

Western Union Co. (The)(a)

     6,782         141,133   

Xerox Corp.(a)

     11,687         150,178   
     

 

 

 
Total IT Services               4,933,374   
Leisure Products – 0.1%      

Hasbro, Inc.(a)

     935         59,129   

Mattel, Inc.(a)

     3,107         70,995   

Polaris Industries, Inc.(a)

     388         54,747   
     

 

 

 
Total Leisure Products               184,871   
Life Sciences Tools & Services – 0.3%      

Agilent Technologies, Inc.

     1,678         69,721   

Illumina, Inc.*(a)

     165         30,631   

Mettler-Toledo International, Inc.*

     158         51,927   

Quintiles Transnational Holdings, Inc.*(a)

     749         50,161   

Thermo Fisher Scientific, Inc.

     1,178         158,252   

Waters Corp.*

     545         67,754   
     

 

 

 
Total Life Sciences Tools & Services               428,446   
Machinery – 1.6%      

Caterpillar, Inc.(a)

     6,352         508,351   

Cummins, Inc.(a)

     1,521         210,871   

Deere & Co.(a)

     4,962         435,118   

Dover Corp.(a)

     1,637         113,149   

Flowserve Corp.(a)

     1,197         67,618   

Illinois Tool Works, Inc.(a)

     2,691         261,404   

PACCAR, Inc.(a)

     2,674         168,836   

Pall Corp.

     535         53,709   

Parker-Hannifin Corp.(a)

     1,100         130,658   

Snap-on, Inc.

     460         67,648   

Stanley Black & Decker, Inc.

     1,030         98,221   

Wabtec Corp.(a)

     507         48,170   
     

 

 

 
Total Machinery               2,163,753   
Media – 3.6%      

CBS Corp. Class B Non-Voting Shares

     3,832         232,334   

Comcast Corp. Class A(a)

     17,205         971,566   

DIRECTV*

     4,555         387,630   

DISH Network Corp. Class A*

     1,525         106,841   

Gannett Co., Inc.(a)

     1,948         72,232   

Interpublic Group of Cos., Inc. (The)

     2,657         58,773   

News Corp. Class A*(a)

     2,752         44,060   

Omnicom Group, Inc.(a)

     1,943         151,515   

Scripps Networks Interactive, Inc. Class A(a)

     1,012         69,383   

Sirius XM Holdings, Inc.*(a)

     17,063         65,181   

Time Warner Cable, Inc.

     1,878         281,475   

Time Warner, Inc.

     6,436         543,456   

Twenty-First Century Fox, Inc. Class A(a)

     15,156         512,879   

Viacom, Inc. Class B(a)

     4,496         307,077   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      25   


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Walt Disney Co. (The)(a)

     11,161       $ 1,170,677   
     

 

 

 
Total Media               4,975,079   
Metals & Mining – 0.2%      

Freeport-McMoRan, Inc.(a)

     14,182         268,749   

Nucor Corp.(a)

     1,741         82,750   
     

 

 

 
Total Metals & Mining               351,499   
Multi-Utilities – 0.9%      

Ameren Corp.

     1,763         74,399   

CenterPoint Energy, Inc.(a)

     2,835         57,862   

CMS Energy Corp.(a)

     2,252         78,617   

Consolidated Edison, Inc.(a)

     2,905         177,205   

Dominion Resources, Inc.(a)

     466         33,025   

DTE Energy Co.

     1,291         104,171   

NiSource, Inc.(a)

     1,899         83,860   

PG&E Corp.(a)

     3,793         201,294   

Public Service Enterprise Group, Inc.(a)

     4,355         182,562   

SCANA Corp.(a)

     1,332         73,247   

Sempra Energy

     1,428         155,681   

Wisconsin Energy Corp.(a)

     1,689         83,605   
     

 

 

 
Total Multi-Utilities               1,305,528   
Multiline Retail – 0.7%      

Dollar General Corp.*

     2,055         154,906   

Dollar Tree, Inc.*

     1,257         101,999   

Family Dollar Stores, Inc.

     537         42,552   

Kohl’s Corp.

     2,031         158,926   

Macy’s, Inc.(a)

     3,504         227,445   

Nordstrom, Inc.(a)

     1,386         111,323   

Target Corp.(a)

     2,947         241,860   
     

 

 

 
Total Multiline Retail               1,039,011   
Oil, Gas & Consumable Fuels – 10.1%      

Anadarko Petroleum Corp.

     2,714         224,746   

Apache Corp.(a)

     398         24,011   

Cabot Oil & Gas Corp.(a)

     1,702         50,260   

Chesapeake Energy Corp.(a)

     3,011         42,636   

Chevron Corp.

     27,512         2,888,210   

Cimarex Energy Co.(a)

     834         95,985   

Concho Resources, Inc.*(a)

     772         89,490   

ConocoPhillips

     15,591         970,696   

Continental Resources, Inc.*(a)

     4,289         187,301   

Devon Energy Corp.

     3,829         230,927   

EOG Resources, Inc.

     4,720         432,777   

EQT Corp.

     697         57,760   

Exxon Mobil Corp.(a)

     56,963         4,841,855   

Hess Corp.(a)

     3,750         254,513   

HollyFrontier Corp.(a)

     2,222         89,480   

Kinder Morgan, Inc.(a)

     4,155         174,759   

Marathon Oil Corp.(a)

     7,816         204,076   

Marathon Petroleum Corp.

     3,878         397,068   

Murphy Oil Corp.(a)

     2,266         105,596   

Noble Energy, Inc.(a)

     2,594         126,847   

Occidental Petroleum Corp.(a)

     8,570         625,610   

ONEOK, Inc.(a)

     965         46,552   
     

Phillips 66(a)

     7,714       $ 606,320   

Range Resources Corp.(a)

     431         22,429   

Southwestern Energy Co.*(a)

     3,415         79,194   

Spectra Energy Corp.(a)

     4,048         146,416   

Tesoro Corp.(a)

     1,194         109,000   

Valero Energy Corp.

     10,252         652,232   

Williams Cos., Inc. (The)

     6,221         314,720   
     

 

 

 
Total Oil, Gas & Consumable Fuels               14,091,466   
Paper & Forest Products – 0.2%      

International Paper Co.

     3,843         213,248   
Personal Products – 0.1%      

Estee Lauder Cos., Inc. (The) Class A(a)

     2,079         172,890   
Pharmaceuticals – 4.2%      

AbbVie, Inc.(a)

     7,786         455,793   

Bristol-Myers Squibb Co.

     5,652         364,554   

Eli Lilly & Co.

     5,376         390,566   

Hospira, Inc.*

     691         60,697   

Johnson & Johnson

     21,853         2,198,412   

Merck & Co., Inc.

     10,850         623,658   

Pfizer, Inc.

     47,756         1,661,431   

Zoetis, Inc.

     1,768         81,841   
     

 

 

 
Total Pharmaceuticals               5,836,952   
Professional Services – 0.2%      

Equifax, Inc.(a)

     674         62,682   

IHS, Inc. Class A*

     191         21,728   

Robert Half International, Inc.(a)

     636         38,491   

Towers Watson & Co. Class A(a)

     399         52,742   

Verisk Analytics, Inc. Class A*

     711         50,765   
     

 

 

 
Total Professional Services               226,408   
Real Estate Investment Trusts (REITs) – 1.0%      

American Tower Corp.(a)

     1,043         98,198   

AvalonBay Communities, Inc.(a)

     467         81,375   

Boston Properties, Inc.

     306         42,987   

Brixmor Property Group, Inc.(a)

     191         5,071   

Crown Castle International Corp.

     282         23,276   

Digital Realty Trust, Inc.(a)

     423         27,901   

Equity Residential

     849         66,103   

Essex Property Trust, Inc.

     50         11,495   

Federal Realty Investment Trust(a)

     124         18,254   

General Growth Properties, Inc.

     1,195         35,312   

HCP, Inc.

     2,846         122,976   

Health Care REIT, Inc.(a)

     447         34,580   

Host Hotels & Resorts, Inc.(a)

     2,505         50,551   

Iron Mountain, Inc.(a)

     1,241         45,272   

Kimco Realty Corp.

     1,458         39,147   

Macerich Co. (The)

     157         13,240   

Plum Creek Timber Co., Inc.(a)

     670         29,112   

Prologis, Inc.

     621         27,051   

Public Storage(a)

     687         135,435   

Realty Income Corp.(a)

     468         24,149   

Simon Property Group, Inc.

     1,057         206,791   

SL Green Realty Corp.(a)

     342         43,906   

 

See Notes to Financial Statements.

 

26   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

UDR, Inc.(a)

     279       $ 9,494   

Ventas, Inc.(a)

     911         66,521   

Weyerhaeuser Co.

     2,418         80,157   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               1,338,354   
Real Estate Management & Development – 0.1%      

CBRE Group, Inc. Class A*

     2,054         79,510   
Road & Rail – 1.0%      

CSX Corp.

     7,506         248,599   

Hertz Global Holdings, Inc.*(a)

     2,093         45,376   

JB Hunt Transport Services, Inc.(a)

     586         50,042   

Kansas City Southern(a)

     562         57,369   

Norfolk Southern Corp.(a)

     2,723         280,251   

Union Pacific Corp.

     5,968         646,394   
     

 

 

 
Total Road & Rail               1,328,031   
Semiconductors & Semiconductor Equipment – 2.1%      

Altera Corp.

     1,779         76,337   

Analog Devices, Inc.(a)

     1,592         100,296   

Applied Materials, Inc.(a)

     6,232         140,594   

Broadcom Corp. Class A

     1,426         61,739   

Intel Corp.

     40,099         1,253,896   

KLA-Tencor Corp.(a)

     1,125         65,576   

Lam Research Corp.

     1,040         73,044   

Linear Technology Corp.(a)

     1,387         64,912   

Maxim Integrated Products, Inc.

     1,731         60,256   

Microchip Technology, Inc.(a)

     1,178         57,604   

Micron Technology, Inc.*(a)

     12,229         331,773   

NVIDIA Corp.(a)

     4,090         85,583   

Skyworks Solutions, Inc.

     921         90,525   

Texas Instruments, Inc.(a)

     6,384         365,069   

Xilinx, Inc.(a)

     1,925         81,427   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               2,908,631   
Software – 3.5%      

Activision Blizzard, Inc.(a)

     4,567         103,785   

Adobe Systems, Inc.*

     500         36,970   

ANSYS, Inc.*(a)

     413         36,423   

Autodesk, Inc.*

     364         21,345   

CA, Inc.(a)

     3,646         118,896   

Citrix Systems, Inc.*

     745         47,583   

Electronic Arts, Inc.*(a)

     1,131         66,520   

Intuit, Inc.

     1,246         120,812   

Microsoft Corp.

     61,044         2,481,744   

Oracle Corp.

     37,360         1,612,084   

Red Hat, Inc.*(a)

     349         26,437   

Symantec Corp.

     5,239         122,409   

VMware, Inc. Class A*(a)

     1,545         126,705   
     

 

 

 
Total Software               4,921,713   
Specialty Retail – 2.3%      

Advance Auto Parts, Inc.

     410         61,373   

AutoNation, Inc.*(a)

     881         56,675   

AutoZone, Inc.*(a)

     246         167,811   

Bed Bath & Beyond, Inc.*(a)

     1,854         142,341   
     

Best Buy Co., Inc.(a)

     3,819       $ 144,320   

CarMax, Inc.*(a)

     1,259         86,884   

Foot Locker, Inc.(a)

     1,131         71,253   

Gap, Inc. (The)(a)

     4,239         183,676   

Home Depot, Inc. (The)

     7,980         906,608   

L Brands, Inc.(a)

     1,617         152,467   

Lowe’s Cos., Inc.

     5,363         398,954   

O’Reilly Automotive, Inc.*(a)

     548         118,499   

Ross Stores, Inc.(a)

     1,368         144,132   

Staples, Inc.

     4,889         79,617   

Tiffany & Co.(a)

     700         61,607   

TJX Cos., Inc. (The)

     4,514         316,206   

Tractor Supply Co.(a)

     630         53,588   

Ulta Salon Cosmetics & Fragrance, Inc.*

     240         36,204   

Williams-Sonoma, Inc.

     513         40,891   
     

 

 

 
Total Specialty Retail               3,223,106   
Technology Hardware, Storage & Peripherals – 5.3%      

Apple, Inc.

     49,304         6,134,897   

EMC Corp.(a)

     12,480         318,989   

Hewlett-Packard Co.

     17,848         556,143   

NetApp, Inc.(a)

     2,062         73,118   

SanDisk Corp.(a)

     1,595         101,474   

Western Digital Corp.

     2,074         188,755   
     

 

 

 
Total Technology Hardware, Storage & Peripherals               7,373,376   
Textiles, Apparel & Luxury Goods – 0.7%      

Coach, Inc.(a)

     2,561         106,102   

Hanesbrands, Inc.

     1,848         61,926   

NIKE, Inc. Class B(a)

     4,086         409,948   

PVH Corp.(a)

     344         36,657   

Ralph Lauren Corp.(a)

     548         72,062   

Under Armour, Inc. Class A*(a)

     414         33,431   

VF Corp.

     2,535         190,911   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               911,037   
Thrifts & Mortgage Finance – 0.1%      

New York Community Bancorp, Inc.(a)

     4,292         71,805   
Tobacco – 1.4%      

Altria Group, Inc.

     12,155         607,993   

Lorillard, Inc.(a)

     2,534         165,597   

Philip Morris International, Inc.

     12,614         950,213   

Reynolds American, Inc.(a)

     3,316         228,505   
     

 

 

 
Total Tobacco               1,952,308   
Trading Companies & Distributors – 0.2%      

Fastenal Co.(a)

     1,359         56,310   

United Rentals, Inc.*(a)

     635         57,887   

W.W. Grainger, Inc.(a)

     440         103,756   
     

 

 

 
Total Trading Companies & Distributors               217,953   
Water Utilities – 0.0%      

American Water Works Co., Inc.

     1,083         58,709   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      27   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Wireless Telecommunication Services – 0.0%      

T-Mobile U.S., Inc.*(a)

     586       $ 18,570   

TOTAL COMMON STOCKS

(Cost: $116,011,720)

              139,041,412   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree Equity Income Fund(b)

     
(Cost: $156,930)      2,618         158,834   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 21.5%      
United States – 21.5%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $29,996,556)(d)      29,996,556         29,996,556   

TOTAL INVESTMENTS IN SECURITIES – 121.4%

(Cost: $146,165,206)

  

  

     169,196,802   

Liabilities in Excess of Cash and Other Assets – (21.4)%

  

     (29,810,754
     

 

 

 
NET ASSETS – 100.0%             $ 139,386,048   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $38,870,282 and the total market value of the collateral held by the Fund was $39,740,542. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $9,743,986. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

28   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree Equity Income Fund (DHS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.5%      
United States – 99.5%      
Aerospace & Defense – 1.0%      

American Science & Engineering, Inc.(a)

     1,671       $ 81,645   

Lockheed Martin Corp.

     52,318         10,618,461   
     

 

 

 
Total Aerospace & Defense               10,700,106   
Auto Components – 0.0%      

Superior Industries International, Inc.(a)

     4,919         93,117   
Automobiles – 2.1%      

Ford Motor Co.

     644,811         10,407,250   

General Motors Co.

     312,454         11,717,025   
     

 

 

 
Total Automobiles               22,124,275   
Banks – 4.0%      

Arrow Financial Corp.(a)

     2,847         77,296   

Banc of California, Inc.

     7,508         92,423   

Bank of Hawaii Corp.(a)

     6,598         403,864   

BankUnited, Inc.

     15,388         503,803   

BBCN Bancorp, Inc.

     11,566         167,360   

Berkshire Hills Bancorp, Inc.

     2,871         79,527   

Bridge Bancorp, Inc.(a)

     1,775         45,848   

Camden National Corp.

     1,097         43,704   

Chemical Financial Corp.

     5,601         175,647   

City Holding Co.(a)

     2,451         115,271   

CNB Financial Corp.

     2,117         36,031   

Community Bank System, Inc.(a)

     6,668         235,981   

Community Trust Bancorp, Inc.

     2,449         81,209   

Cullen/Frost Bankers, Inc.(a)

     9,287         641,546   

Financial Institutions, Inc.

     2,379         54,550   

First Busey Corp.

     14,058         94,048   

First Commonwealth Financial Corp.

     14,732         132,588   

First Community Bancshares, Inc.

     2,343         41,073   

First Financial Bancorp

     12,151         216,409   

First Financial Corp.

     2,039         73,180   

First Niagara Financial Group, Inc.(a)

     70,998         627,622   

FirstMerit Corp.(a)

     29,492         562,118   

Flushing Financial Corp.

     5,232         105,006   

FNB Corp.

     33,787         443,961   

Fulton Financial Corp.

     25,248         311,560   

Hancock Holding Co.(a)

     13,398         400,064   

JPMorgan Chase & Co.

     509,077         30,839,885   

National Penn Bancshares, Inc.

     32,650         351,641   

NBT Bancorp, Inc.(a)

     8,021         201,006   

Old National Bancorp

     18,191         258,130   

Pacific Continental Corp.

     4,455         58,895   

PacWest Bancorp(a)

     22,397         1,050,195   

Park National Corp.

     3,417         292,359   

Penns Woods Bancorp, Inc.(a)

     745         36,438   

Republic Bancorp, Inc. Class A

     2,890         71,470   

Sandy Spring Bancorp, Inc.(a)

     4,185         109,773   

Southside Bancshares, Inc.

     2,831         81,221   

Stock Yards Bancorp, Inc.

     1,755         60,425   

Tompkins Financial Corp.(a)

     2,326         125,255   
     

TowneBank(a)

     4,618       $ 74,257   

Trustmark Corp.(a)

     13,387         325,036   

Umpqua Holdings Corp.(a)

     38,794         666,481   

United Bankshares, Inc.(a)

     12,683         476,627   

Univest Corp. of Pennsylvania

     3,069         60,736   

Valley National Bancorp(a)

     56,195         530,481   

Washington Trust Bancorp, Inc.(a)

     2,374         90,663   

WesBanco, Inc.

     3,601         117,321   

West Bancorp, Inc.

     1,872         37,234   

Westamerica Bancorp(a)

     4,234         182,951   
     

 

 

 
Total Banks               41,860,169   
Beverages – 2.6%      

Coca-Cola Co. (The)

     667,542         27,068,828   
Biotechnology – 0.0%      

PDL BioPharma, Inc.(a)

     65,536         461,046   
Capital Markets – 0.3%      

Arlington Asset Investment Corp. Class A(a)

     14,725         354,283   

Artisan Partners Asset Management, Inc. Class A(a)

     7,891         358,725   

BGC Partners, Inc. Class A

     55,088         520,582   

Calamos Asset Management, Inc. Class A

     3,941         53,006   

Federated Investors, Inc. Class B(a)

     16,866         571,589   

GFI Group, Inc.

     26,000         154,180   

Greenhill & Co., Inc.(a)

     6,405         253,958   

Manning & Napier, Inc.

     2,097         27,282   

Waddell & Reed Financial, Inc. Class A(a)

     12,761         632,180   

Westwood Holdings Group, Inc.

     1,680         101,304   
     

 

 

 
Total Capital Markets               3,027,089   
Chemicals – 2.1%      

Dow Chemical Co. (The)

     233,677         11,211,822   

E.I. du Pont de Nemours & Co.

     125,708         8,984,351   

FutureFuel Corp.

     8,872         91,115   

Innophos Holdings, Inc.

     3,911         220,424   

Kronos Worldwide, Inc.(a)

     29,433         372,327   

Olin Corp.(a)

     14,212         455,353   

Scotts Miracle-Gro Co. (The) Class A

     9,122         612,725   
     

 

 

 
Total Chemicals               21,948,117   
Commercial Services & Supplies – 1.0%      

Brady Corp. Class A

     7,459         211,015   

Covanta Holding Corp.(a)

     28,989         650,223   

Ennis, Inc.

     6,257         88,349   

KAR Auction Services, Inc.

     22,708         861,315   

McGrath RentCorp

     4,113         135,359   

Pitney Bowes, Inc.

     32,040         747,173   

Quad/Graphics, Inc.

     10,089         231,845   

R.R. Donnelley & Sons Co.(a)

     67,875         1,302,521   

Republic Services, Inc.

     52,372         2,124,208   

Waste Management, Inc.

     72,144         3,912,369   

West Corp.

     12,467         420,512   
     

 

 

 
Total Commercial Services & Supplies               10,684,889   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      29   


Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Communications Equipment – 1.9%      

Cisco Systems, Inc.

     739,805       $ 20,363,132   

Comtech Telecommunications Corp.

     2,783         80,568   
     

 

 

 
Total Communications Equipment               20,443,700   
Consumer Finance – 0.3%      

Navient Corp.

     61,309         1,246,412   

Santander Consumer USA Holdings, Inc.(a)

     61,574         1,424,822   
     

 

 

 
Total Consumer Finance               2,671,234   
Containers & Packaging – 0.1%      

Greif, Inc. Class A

     4,764         187,082   

Myers Industries, Inc.

     4,988         87,440   

Sonoco Products Co.

     14,782         671,990   
     

 

 

 
Total Containers & Packaging               946,512   
Distributors – 0.0%      

Weyco Group, Inc.

     1,489         44,521   
Diversified Consumer Services – 0.0%      

Universal Technical Institute, Inc.

     4,908         47,117   
Diversified Telecommunication Services – 10.5%      

AT&T, Inc.

     1,516,103         49,500,763   

CenturyLink, Inc.

     168,394         5,818,013   

Cogent Communications Holdings, Inc.(a)

     8,478         299,528   

Consolidated Communications Holdings, Inc.(a)

     15,608         318,403   

Frontier Communications Corp.(a)

     334,666         2,359,395   

IDT Corp. Class B

     4,018         71,320   

Inteliquent, Inc.

     5,538         87,168   

Verizon Communications, Inc.

     1,023,237         49,760,015   

Windstream Holdings, Inc.

     360,463         2,667,426   
     

 

 

 
Total Diversified Telecommunication Services         110,882,031   
Electric Utilities – 5.8%      

ALLETE, Inc.

     8,458         446,244   

American Electric Power Co., Inc.

     90,880         5,112,000   

Cleco Corp.

     8,972         489,153   

Duke Energy Corp.

     138,915         10,665,894   

El Paso Electric Co.

     6,091         235,356   

Empire District Electric Co. (The)

     8,277         205,435   

Entergy Corp.

     36,053         2,793,747   

Eversource Energy

     49,727         2,512,208   

Exelon Corp.(a)

     152,669         5,131,205   

FirstEnergy Corp.

     84,285         2,955,032   

Great Plains Energy, Inc.

     28,823         768,998   

Hawaiian Electric Industries, Inc.

     19,948         640,730   

IDACORP, Inc.(a)

     7,710         484,728   

NextEra Energy, Inc.

     63,786         6,636,933   

NRG Yield, Inc. Class A(a)

     5,802         294,335   

Otter Tail Corp.(a)

     7,059         227,088   

Pepco Holdings, Inc.

     53,920         1,446,674   

Pinnacle West Capital Corp.

     20,570         1,311,337   

Portland General Electric Co.(a)

     12,017         445,710   

PPL Corp.

     144,013         4,847,478   

Southern Co. (The)

     201,024         8,901,343   

UIL Holdings Corp.

     11,598         596,369   
     

Unitil Corp.

     3,054       $ 106,188   

Westar Energy, Inc.(a)

     23,905         926,558   

Xcel Energy, Inc.

     89,428         3,112,989   
     

 

 

 
Total Electric Utilities               61,293,732   
Electrical Equipment – 0.6%      

Emerson Electric Co.(a)

     114,328         6,473,251   

General Cable Corp.(a)

     13,124         226,127   
     

 

 

 
Total Electrical Equipment               6,699,378   
Electronic Equipment, Instruments & Components – 0.1%      

AVX Corp.

     24,946         355,979   

Daktronics, Inc.

     7,223         78,081   

Electro Rent Corp.

     5,946         67,428   

Electro Scientific Industries, Inc.

     4,106         25,375   
     

 

 

 
Total Electronic Equipment, Instruments & Components         526,863   
Energy Equipment & Services – 0.4%      

CARBO Ceramics, Inc.(a)

     4,352         132,780   

Diamond Offshore Drilling, Inc.(a)

     74,038         1,983,478   

Gulfmark Offshore, Inc. Class A(a)

     6,586         85,881   

Helmerich & Payne, Inc.(a)

     25,522         1,737,283   

RPC, Inc.(a)

     40,487         518,638   

Tidewater, Inc.(a)

     8,586         164,336   
     

 

 

 
Total Energy Equipment & Services               4,622,396   
Food & Staples Retailing – 0.3%      

Sysco Corp.

     90,854         3,427,922   

Village Super Market, Inc. Class A(a)

     1,262         39,677   
     

 

 

 
Total Food & Staples Retailing               3,467,599   
Food Products – 2.2%      

B&G Foods, Inc.(a)

     12,446         366,286   

Campbell Soup Co.(a)

     45,396         2,113,184   

ConAgra Foods, Inc.

     59,207         2,162,832   

General Mills, Inc.

     97,464         5,516,462   

Kellogg Co.(a)

     53,729         3,543,427   

Kraft Foods Group, Inc.

     111,311         9,696,858   
     

 

 

 
Total Food Products               23,399,049   
Gas Utilities – 0.5%      

AGL Resources, Inc.

     22,996         1,141,752   

Atmos Energy Corp.

     14,935         825,906   

Laclede Group, Inc. (The)(a)

     7,865         402,845   

New Jersey Resources Corp.

     13,332         414,092   

Northwest Natural Gas Co.(a)

     5,915         283,624   

Piedmont Natural Gas Co., Inc.

     13,603         502,087   

Questar Corp.

     27,755         662,234   

South Jersey Industries, Inc.

     5,544         300,928   

WGL Holdings, Inc.

     8,727         492,203   
     

 

 

 
Total Gas Utilities               5,025,671   
Health Care Equipment & Supplies – 0.5%      

Baxter International, Inc.

     80,510         5,514,935   

Meridian Bioscience, Inc.(a)

     10,195         194,521   
     

 

 

 
Total Health Care Equipment & Supplies               5,709,456   

 

See Notes to Financial Statements.

 

30   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Health Care Providers & Services – 0.1%      

Landauer, Inc.(a)

     3,053       $ 107,283   

Owens & Minor, Inc.(a)

     9,311         315,084   

Select Medical Holdings Corp.(a)

     19,523         289,526   
     

 

 

 
Total Health Care Providers & Services               711,893   
Health Care Technology – 0.0%      

Computer Programs & Systems, Inc.(a)

     1,997         108,357   

Quality Systems, Inc.(a)

     14,327         228,946   
     

 

 

 
Total Health Care Technology               337,303   
Hotels, Restaurants & Leisure – 3.2%      

Cracker Barrel Old Country Store, Inc.(a)

     3,636         553,181   

Darden Restaurants, Inc.(a)

     25,820         1,790,359   

DineEquity, Inc.

     3,365         360,089   

Las Vegas Sands Corp.(a)

     148,370         8,166,285   

McDonald’s Corp.

     186,690         18,191,074   

SeaWorld Entertainment, Inc.

     23,680         456,550   

Six Flags Entertainment Corp.(a)

     24,044         1,163,970   

Speedway Motorsports, Inc.

     6,883         156,588   

Wynn Resorts Ltd.

     20,996         2,642,976   
     

 

 

 
Total Hotels, Restaurants & Leisure               33,481,072   
Household Durables – 0.2%      

Leggett & Platt, Inc.(a)

     21,572         994,253   

MDC Holdings, Inc.(a)

     9,917         282,635   

Tupperware Brands Corp.(a)

     10,722         740,032   
     

 

 

 
Total Household Durables               2,016,920   
Household Products – 3.9%      

Clorox Co. (The)

     19,505         2,153,157   

Kimberly-Clark Corp.

     56,915         6,096,166   

Orchids Paper Products Co.(a)

     1,509         40,683   

Procter & Gamble Co. (The)

     396,925         32,524,034   
     

 

 

 
Total Household Products               40,814,040   
Independent Power and Renewable Electricity Producers – 0.0%   

Pattern Energy Group, Inc.(a)

     12,977         367,509   
Industrial Conglomerates – 4.2%      

General Electric Co.

     1,813,935         45,003,727   
Insurance – 0.6%      

American National Insurance Co.

     3,531         347,415   

Arthur J. Gallagher & Co.

     24,907         1,164,402   

Baldwin & Lyons, Inc. Class B

     2,799         65,665   

Cincinnati Financial Corp.(a)

     28,595         1,523,542   

Donegal Group, Inc. Class A

     3,513         55,224   

EMC Insurance Group, Inc.

     1,747         59,049   

Erie Indemnity Co. Class A(a)

     6,647         580,017   

First American Financial Corp.(a)

     15,653         558,499   

Horace Mann Educators Corp.

     6,080         207,936   

Mercury General Corp.

     13,198         762,184   

Old Republic International Corp.(a)

     67,582         1,009,675   

Safety Insurance Group, Inc.

     3,360         200,760   

United Fire Group, Inc.

     3,528         112,085   
     

 

 

 
Total Insurance               6,646,453   
     
Internet & Catalog Retail – 0.0%      

Nutrisystem, Inc.

     5,840       $ 116,683   

PetMed Express, Inc.(a)

     5,240         86,565   
     

 

 

 
Total Internet & Catalog Retail               203,248   
Internet Software & Services – 0.0%      

EarthLink Holdings Corp.

     23,421         103,989   
IT Services – 0.5%      

Leidos Holdings, Inc.

     11,905         499,534   

ManTech International Corp. Class A

     3,804         129,107   

Paychex, Inc.

     60,556         3,004,486   

Western Union Co. (The)(a)

     77,974         1,622,639   
     

 

 

 
Total IT Services               5,255,766   
Leisure Products – 0.3%      

Hasbro, Inc.(a)

     19,540         1,235,710   

Mattel, Inc.

     86,356         1,973,234   
     

 

 

 
Total Leisure Products               3,208,944   
Machinery – 0.8%      

American Railcar Industries, Inc.(a)

     3,459         172,016   

Caterpillar, Inc.(a)

     95,902         7,675,037   

Douglas Dynamics, Inc.

     5,235         119,567   

Harsco Corp.(a)

     19,840         342,438   

Miller Industries, Inc.

     1,715         42,018   
     

 

 

 
Total Machinery               8,351,076   
Media – 0.3%      

AMC Entertainment Holdings, Inc. Class A

     3,420         121,376   

Cablevision Systems Corp. Class A(a)

     34,218         626,189   

Cinemark Holdings, Inc.

     17,028         767,452   

Harte-Hanks, Inc.

     13,277         103,561   

Meredith Corp.(a)

     5,804         323,689   

National CineMedia, Inc.

     20,066         302,997   

New Media Investment Group, Inc.

     8,694         208,048   

Regal Entertainment Group Class A(a)

     27,767         634,198   

Time, Inc.(a)

     17,191         385,766   

Tribune Publishing Co.

     3,861         74,903   

World Wrestling Entertainment, Inc. Class A(a)

     7,128         99,863   
     

 

 

 
Total Media               3,648,042   
Metals & Mining – 0.8%      

Commercial Metals Co.

     17,868         289,283   

Compass Minerals International, Inc.

     4,758         443,493   

Freeport-McMoRan, Inc.

     305,662         5,792,295   

Nucor Corp.

     46,074         2,189,897   

Schnitzer Steel Industries, Inc. Class A

     4,401         69,800   
     

 

 

 
Total Metals & Mining               8,784,768   
Multi-Utilities – 3.4%      

Alliant Energy Corp.

     18,231         1,148,553   

Ameren Corp.

     47,631         2,010,028   

Avista Corp.(a)

     12,542         428,686   

Black Hills Corp.

     6,823         344,152   

CenterPoint Energy, Inc.

     93,623         1,910,845   

CMS Energy Corp.

     45,526         1,589,313   

Consolidated Edison, Inc.(a)

     58,795         3,586,495   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      31   


Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Dominion Resources, Inc.

     98,694       $ 6,994,444   

DTE Energy Co.

     30,623         2,470,970   

Integrys Energy Group, Inc.

     15,361         1,106,299   

MDU Resources Group, Inc.(a)

     32,281         688,876   

NorthWestern Corp.

     6,982         375,562   

PG&E Corp.

     85,494         4,537,167   

Public Service Enterprise Group, Inc.

     95,037         3,983,951   

SCANA Corp.

     26,983         1,483,795   

TECO Energy, Inc.

     53,118         1,030,489   

Vectren Corp.

     14,664         647,269   

Wisconsin Energy Corp.(a)

     35,992         1,781,604   
     

 

 

 
Total Multi-Utilities               36,118,498   
Multiline Retail – 0.7%      

Target Corp.

     93,262         7,654,012   
Oil, Gas & Consumable Fuels – 14.9%      

Chevron Corp.

     403,770         42,387,775   

ConocoPhillips

     294,230         18,318,760   

CVR Energy, Inc.(a)

     33,445         1,423,419   

Denbury Resources, Inc.(a)

     72,067         525,369   

Evolution Petroleum Corp.

     9,374         55,775   

Exxon Mobil Corp.

     602,146         51,182,410   

HollyFrontier Corp.

     34,815         1,402,000   

Kinder Morgan, Inc.

     236,440         9,944,666   

Murphy Oil Corp.(a)

     28,677         1,336,348   

Occidental Petroleum Corp.

     153,927         11,236,671   

ONEOK, Inc.

     56,389         2,720,205   

PBF Energy, Inc. Class A(a)

     18,278         619,990   

Peabody Energy Corp.(a)

     65,892         324,189   

Spectra Energy Corp.(a)

     151,249         5,470,676   

Targa Resources Corp.

     6,727         644,379   

Williams Cos., Inc. (The)

     203,972         10,318,944   
     

 

 

 
Total Oil, Gas & Consumable Fuels               157,911,576   
Paper & Forest Products – 0.4%      

International Paper Co.

     64,527         3,580,603   

Schweitzer-Mauduit International, Inc.

     5,576         257,165   
     

 

 

 
Total Paper & Forest Products               3,837,768   
Personal Products – 0.1%      

Nu Skin Enterprises, Inc. Class A(a)

     10,066         606,074   
Pharmaceuticals – 8.5%      

AbbVie, Inc.

     244,742         14,327,197   

Eli Lilly & Co.(a)

     160,434         11,655,530   

Merck & Co., Inc.

     444,284         25,537,444   

Pfizer, Inc.

     1,081,794         37,635,613   

Theravance, Inc.(a)

     42,557         668,996   
     

 

 

 
Total Pharmaceuticals               89,824,780   
Professional Services – 0.0%      

Acacia Research Corp.(a)

     7,806         83,524   

CDI Corp.

     2,459         34,549   
     

 

 

 
Total Professional Services               118,073   
Real Estate Investment Trusts (REITs) – 12.5%      

Acadia Realty Trust

     9,807         342,068   

Agree Realty Corp.

     3,872         127,660   
     

Alexander’s, Inc.(a)

     846       $ 386,267   

Alexandria Real Estate Equities, Inc.

     12,208         1,196,872   

American Campus Communities, Inc.

     20,422         875,491   

Apartment Investment & Management Co. Class A

     21,696         853,955   

Armada Hoffler Properties, Inc.

     8,272         88,180   

Ashford Hospitality Trust, Inc.

     21,463         206,474   

Associated Estates Realty Corp.(a)

     10,361         255,709   

AvalonBay Communities, Inc.

     19,429         3,385,503   

Aviv REIT, Inc.

     9,518         347,407   

BioMed Realty Trust, Inc.(a)

     46,920         1,063,207   

Brandywine Realty Trust(a)

     35,302         564,126   

Brixmor Property Group, Inc.

     57,258         1,520,200   

Camden Property Trust

     16,010         1,250,861   

Campus Crest Communities, Inc.(a)

     29,175         208,893   

CatchMark Timber Trust, Inc. Class A(a)

     7,507         87,982   

CBL & Associates Properties, Inc.

     47,428         939,074   

Cedar Realty Trust, Inc.

     15,113         113,196   

Chambers Street Properties

     75,896         598,060   

Chatham Lodging Trust

     5,712         167,990   

Chesapeake Lodging Trust

     9,085         307,346   

Columbia Property Trust, Inc.

     29,345         792,902   

CorEnergy Infrastructure Trust, Inc.

     18,897         130,956   

CoreSite Realty Corp.(a)

     4,184         203,677   

Corporate Office Properties Trust

     18,459         542,325   

Corrections Corp. of America(a)

     32,297         1,300,277   

Crown Castle International Corp.

     73,628         6,077,255   

CyrusOne, Inc.

     6,185         192,477   

DCT Industrial Trust, Inc.

     14,901         516,469   

DDR Corp.(a)

     63,244         1,177,603   

DiamondRock Hospitality Co.

     27,872         393,831   

Digital Realty Trust, Inc.(a)

     35,118         2,316,383   

Douglas Emmett, Inc.

     21,373         637,129   

Duke Realty Corp.

     62,354         1,357,447   

DuPont Fabros Technology, Inc.(a)

     13,605         444,611   

EastGroup Properties, Inc.(a)

     6,265         376,777   

Education Realty Trust, Inc.(a)

     9,797         346,618   

EPR Properties

     17,731         1,064,392   

Equity One, Inc.

     22,656         604,689   

Equity Residential

     51,802         4,033,304   

Excel Trust, Inc.

     16,617         232,970   

Extra Space Storage, Inc.

     19,317         1,305,250   

Federal Realty Investment Trust(a)

     9,202         1,354,626   

First Potomac Realty Trust

     15,130         179,896   

Franklin Street Properties Corp.

     31,934         409,394   

Gaming and Leisure Properties, Inc. REIT

     42,109         1,552,559   

Geo Group, Inc. (The)

     23,559         1,030,471   

Getty Realty Corp.

     8,329         151,588   

Gladstone Commercial Corp.(a)

     8,068         150,145   

Government Properties Income Trust(a)

     26,574         607,216   

HCP, Inc.

     113,390         4,899,582   

Health Care REIT, Inc.

     72,552         5,612,623   

Healthcare Realty Trust, Inc.

     22,431         623,133   

Healthcare Trust of America, Inc. Class A(a)

     30,651         853,937   

 

See Notes to Financial Statements.

 

32   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Hersha Hospitality Trust

     41,448       $ 268,169   

Highwoods Properties, Inc.

     18,520         847,846   

Home Properties, Inc.

     13,203         914,836   

Hospitality Properties Trust

     48,351         1,595,099   

Host Hotels & Resorts, Inc.

     131,880         2,661,338   

Independence Realty Trust, Inc.(a)

     12,104         114,867   

Inland Real Estate Corp.

     27,440         293,334   

Investors Real Estate Trust

     36,599         274,492   

Iron Mountain, Inc.(a)

     50,836         1,854,497   

Kimco Realty Corp.

     79,943         2,146,470   

Kite Realty Group Trust

     15,586         439,058   

Lamar Advertising Co. Class A(a)

     26,260         1,556,430   

LaSalle Hotel Properties

     19,738         767,019   

Lexington Realty Trust(a)

     72,455         712,233   

Liberty Property Trust

     39,866         1,423,216   

LTC Properties, Inc.

     8,762         403,052   

Macerich Co. (The)

     23,841         2,010,512   

Mack-Cali Realty Corp.

     15,563         300,055   

Medical Properties Trust, Inc.

     54,157         798,274   

Mid-America Apartment Communities, Inc.

     15,302         1,182,386   

Monmouth Real Estate Investment Corp. Class A

     16,063         178,460   

National Health Investors, Inc.

     7,656         543,653   

National Retail Properties, Inc.

     29,698         1,216,727   

New York REIT, Inc.(a)

     34,276         359,212   

Omega Healthcare Investors, Inc.(a)

     34,775         1,410,822   

One Liberty Properties, Inc.

     4,865         118,803   

Outfront Media, Inc.

     32,766         980,359   

Parkway Properties, Inc.

     23,564         408,835   

Pennsylvania Real Estate Investment Trust

     13,178         306,125   

Physicians Realty Trust

     13,436         236,608   

Piedmont Office Realty Trust, Inc. Class A

     35,851         667,187   

Plum Creek Timber Co., Inc.(a)

     37,921         1,647,667   

Post Properties, Inc.

     7,548         429,708   

Potlatch Corp.

     6,952         278,358   

Prologis, Inc.

     79,026         3,442,373   

Public Storage

     27,314         5,384,682   

QTS Realty Trust, Inc. Class A

     5,175         188,422   

Ramco-Gershenson Properties Trust

     17,331         322,357   

Rayonier, Inc.(a)

     24,330         655,937   

Realty Income Corp.(a)

     53,413         2,756,111   

Regency Centers Corp.

     14,618         994,609   

Retail Opportunity Investments Corp.(a)

     18,365         336,079   

Retail Properties of America, Inc. Class A

     49,855         799,176   

Rexford Industrial Realty, Inc.

     6,684         105,674   

RLJ Lodging Trust(a)

     24,082         754,007   

Rouse Properties, Inc.(a)

     10,575         200,502   

Ryman Hospitality Properties, Inc.

     10,957         667,391   

Sabra Health Care REIT, Inc.

     14,840         491,946   

Saul Centers, Inc.

     3,103         177,492   

Select Income REIT(a)

     23,798         594,712   

Senior Housing Properties Trust

     71,100         1,577,709   

Simon Property Group, Inc.

     46,363         9,070,457   

Sovran Self Storage, Inc.

     5,425         509,624   
     

Spirit Realty Capital, Inc.

     115,048       $ 1,389,780   

STAG Industrial, Inc.(a)

     17,754         417,574   

Summit Hotel Properties, Inc.

     19,916         280,218   

Sun Communities, Inc.(a)

     10,518         701,761   

Taubman Centers, Inc.(a)

     9,413         726,025   

Terreno Realty Corp.

     5,304         120,931   

Trade Street Residential, Inc.(a)

     8,869         63,502   

UDR, Inc.

     43,845         1,492,045   

UMH Properties, Inc.(a)

     9,242         93,067   

Universal Health Realty Income Trust

     3,441         193,556   

Urstadt Biddle Properties, Inc. Class A

     7,016         161,789   

Ventas, Inc.

     66,714         4,871,456   

W.P. Carey, Inc.(a)

     28,184         1,916,512   

Washington Real Estate Investment Trust(a)

     15,175         419,285   

Weingarten Realty Investors(a)

     24,134         868,341   

Weyerhaeuser Co.

     85,865         2,846,425   

Whitestone REIT(a)

     8,715         138,394   

Winthrop Realty Trust

     7,446         121,519   

WP GLIMCHER, Inc.

     50,331         837,005   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               132,393,185   
Semiconductors & Semiconductor Equipment – 0.5%      

Brooks Automation, Inc.(a)

     9,848         114,532   

Intersil Corp. Class A

     25,825         369,814   

KLA-Tencor Corp.(a)

     24,271         1,414,757   

Maxim Integrated Products, Inc.

     52,378         1,823,278   

Microchip Technology, Inc.(a)

     33,209         1,623,920   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         5,346,301   
Software – 0.2%      

American Software, Inc. Class A

     4,186         42,781   

CA, Inc.

     75,319         2,456,153   
     

 

 

 
Total Software               2,498,934   
Specialty Retail – 0.3%      

American Eagle Outfitters, Inc.(a)

     37,096         633,600   

Big 5 Sporting Goods Corp.

     3,371         44,733   

Cato Corp. (The) Class A

     3,803         150,599   

Destination Maternity Corp.

     3,597         54,171   

GameStop Corp. Class A(a)

     22,739         863,172   

Guess?, Inc.(a)

     18,633         346,387   

Staples, Inc.

     94,858         1,544,763   
     

 

 

 
Total Specialty Retail               3,637,425   
Technology Hardware, Storage & Peripherals – 0.1%      

Diebold, Inc.(a)

     10,740         380,840   

Lexmark International, Inc. Class A(a)

     10,940         463,200   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         844,040   
Textiles, Apparel & Luxury Goods – 0.2%      

Coach, Inc.(a)

     54,527         2,259,054   
Thrifts & Mortgage Finance – 0.4%      

Brookline Bancorp, Inc.

     13,921         139,906   

Dime Community Bancshares, Inc.

     5,913         95,199   

New York Community Bancorp, Inc.(a)

     143,792         2,405,640   

Northwest Bancshares, Inc.

     20,130         238,541   

OceanFirst Financial Corp.

     3,131         54,072   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      33   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Equity Income Fund (DHS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Oritani Financial Corp.

     9,815       $ 142,808   

People’s United Financial, Inc.(a)

     70,656         1,073,971   

Provident Financial Services, Inc.(a)

     11,383         212,293   

Territorial Bancorp, Inc.

     1,489         35,379   

TrustCo Bank Corp.(a)

     16,762         115,323   

United Financial Bancorp, Inc.

     5,717         71,062   
     

 

 

 
Total Thrifts & Mortgage Finance               4,584,194   
Tobacco – 6.0%      

Altria Group, Inc.

     423,218         21,169,364   

Lorillard, Inc.

     72,508         4,738,398   

Philip Morris International, Inc.

     376,203         28,339,372   

Reynolds American, Inc.

     113,587         7,827,280   

Universal Corp.(a)

     5,850         275,886   

Vector Group Ltd.(a)

     41,852         919,489   
     

 

 

 
Total Tobacco               63,269,789   
Trading Companies & Distributors – 0.1%      

H&E Equipment Services, Inc.

     6,567         164,109   

Houston Wire & Cable Co.

     2,664         25,921   

TAL International Group, Inc.*(a)

     12,265         499,553   
     

 

 

 
Total Trading Companies & Distributors               689,583   
Water Utilities – 0.0%      

Connecticut Water Service, Inc.(a)

     1,360         49,409   

Middlesex Water Co.

     3,479         79,182   

York Water Co.

     1,725         41,883   
     

 

 

 
Total Water Utilities               170,474   
Wireless Telecommunication Services – 0.0%      

Spok Holdings, Inc.

     4,913         94,182   

TOTAL COMMON STOCKS

(Cost: $987,637,854)

              1,054,539,587   
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
WisdomTree Total Dividend Fund(b)
(Cost: $1,936,253)
     26,468         1,968,955   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.1%   
United States – 7.1%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $75,306,277)(d)      75,306,277         75,306,277   

TOTAL INVESTMENTS IN SECURITIES – 106.8%

(Cost: $1,064,880,384)

  

  

     1,131,814,819   

Liabilities in Excess of Cash and Other Assets – (6.8)%

  

     (71,965,574
  

 

 

 
NET ASSETS – 100.0%             $ 1,059,849,245   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $96,121,142 and the total market value of the collateral held by the Fund was $98,442,253. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $23,135,976. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

34   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 3.2%      

Boeing Co. (The)

     104,758       $ 15,722,081   

General Dynamics Corp.

     36,342         4,932,700   

Honeywell International, Inc.

     102,831         10,726,301   

Lockheed Martin Corp.

     61,856         12,554,294   

Northrop Grumman Corp.

     24,379         3,924,044   

Precision Castparts Corp.

     452         94,920   

Raytheon Co.

     43,473         4,749,425   

Rockwell Collins, Inc.(a)

     11,206         1,081,939   

Textron, Inc.

     2,339         103,688   

United Technologies Corp.

     115,905         13,584,066   
     

 

 

 
Total Aerospace & Defense               67,473,458   
Air Freight & Logistics – 0.5%      

FedEx Corp.

     7,972         1,318,967   

United Parcel Service, Inc. Class B

     103,450         10,028,443   
     

 

 

 
Total Air Freight & Logistics               11,347,410   
Airlines – 0.2%      

American Airlines Group, Inc.(a)

     33,757         1,781,694   

Delta Air Lines, Inc.

     38,863         1,747,280   

Southwest Airlines Co.

     24,645         1,091,774   
     

 

 

 
Total Airlines               4,620,748   
Auto Components – 0.2%      

BorgWarner, Inc.

     14,637         885,246   

Johnson Controls, Inc.

     89,608         4,519,827   
     

 

 

 
Total Auto Components               5,405,073   
Automobiles – 1.3%      

Ford Motor Co.

     766,456         12,370,600   

General Motors Co.

     371,290         13,923,375   

Harley-Davidson, Inc.

     20,760         1,260,962   
     

 

 

 
Total Automobiles               27,554,937   
Banks – 5.9%      

Bank of America Corp.

     746,700         11,491,713   

BB&T Corp.

     110,119         4,293,540   

Citigroup, Inc.

     14,279         735,654   

Fifth Third Bancorp

     128,684         2,425,693   

JPMorgan Chase & Co.

     601,850         36,460,073   

KeyCorp

     98,924         1,400,764   

M&T Bank Corp.(a)

     18,626         2,365,502   

PNC Financial Services Group, Inc. (The)

     69,852         6,513,000   

Regions Financial Corp.

     161,573         1,526,865   

SunTrust Banks, Inc.

     61,439         2,524,528   

U.S. Bancorp

     241,610         10,551,109   

Wells Fargo & Co.

     817,262         44,459,053   
     

 

 

 
Total Banks               124,747,494   
Beverages – 2.9%      

Brown-Forman Corp. Class B

     10,818         977,406   

Coca-Cola Co. (The)

     791,848         32,109,436   

Dr. Pepper Snapple Group, Inc.

     26,741         2,098,634   

Molson Coors Brewing Co. Class B

     19,337         1,439,640   
     

PepsiCo, Inc.

     249,790       $ 23,884,920   
     

 

 

 
Total Beverages               60,510,036   
Biotechnology – 0.5%      

Amgen, Inc.

     68,174         10,897,614   
Capital Markets – 1.9%      

Ameriprise Financial, Inc.

     20,483         2,679,996   

Bank of New York Mellon Corp. (The)

     116,475         4,686,954   

BlackRock, Inc.

     22,431         8,206,157   

Charles Schwab Corp. (The)

     67,007         2,039,693   

Franklin Resources, Inc.

     32,576         1,671,800   

Goldman Sachs Group, Inc. (The)

     33,596         6,315,040   

Morgan Stanley

     129,000         4,604,010   

Northern Trust Corp.

     29,038         2,022,497   

State Street Corp.

     39,279         2,888,185   

T. Rowe Price Group, Inc.(a)

     33,063         2,677,442   

TD Ameritrade Holding Corp.

     55,114         2,053,547   
     

 

 

 
Total Capital Markets               39,845,321   
Chemicals – 2.4%      

Air Products & Chemicals, Inc.

     29,037         4,392,717   

CF Industries Holdings, Inc.

     7,074         2,006,752   

Dow Chemical Co. (The)

     277,707         13,324,382   

E.I. du Pont de Nemours & Co.

     148,550         10,616,868   

Eastman Chemical Co.

     16,703         1,156,850   

Ecolab, Inc.

     19,039         2,177,681   

Monsanto Co.(a)

     49,189         5,535,730   

Mosaic Co. (The)

     44,563         2,052,572   

PPG Industries, Inc.

     10,257         2,313,364   

Praxair, Inc.

     36,528         4,410,391   

Sherwin-Williams Co. (The)

     5,310         1,510,695   

Sigma-Aldrich Corp.

     5,132         709,499   
     

 

 

 
Total Chemicals               50,207,501   
Commercial Services & Supplies – 0.3%      

Republic Services, Inc.

     62,945         2,553,049   

Waste Management, Inc.

     86,130         4,670,830   
     

 

 

 
Total Commercial Services & Supplies               7,223,879   
Communications Equipment – 2.0%      

Cisco Systems, Inc.

     873,340         24,038,683   

Motorola Solutions, Inc.

     30,979         2,065,370   

QUALCOMM, Inc.

     240,276         16,660,738   
     

 

 

 
Total Communications Equipment               42,764,791   
Consumer Finance – 0.6%      

American Express Co.

     70,797         5,530,662   

Capital One Financial Corp.

     50,628         3,990,499   

Discover Financial Services

     43,630         2,458,550   
     

 

 

 
Total Consumer Finance               11,979,711   
Distributors – 0.1%      

Genuine Parts Co.

     21,076         1,964,072   
Diversified Financial Services – 0.5%      

CME Group, Inc.(a)

     43,914         4,159,095   

Intercontinental Exchange, Inc.

     7,858         1,833,036   

McGraw Hill Financial, Inc.

     22,646         2,341,596   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      35   


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Moody’s Corp.

     15,476       $ 1,606,409   
     

 

 

 
Total Diversified Financial Services               9,940,136   
Diversified Telecommunication Services – 5.9%      

AT&T, Inc.

     1,793,635         58,562,183   

CenturyLink, Inc.(a)

     198,654         6,863,496   

Verizon Communications, Inc.

     1,210,535         58,868,317   
     

 

 

 
Total Diversified Telecommunication Services               124,293,996   
Electric Utilities – 3.1%      

American Electric Power Co., Inc.

     107,163         6,027,919   

Duke Energy Corp.

     164,344         12,618,332   

Edison International

     44,154         2,758,300   

Entergy Corp.

     42,253         3,274,185   

Eversource Energy(a)

     59,378         2,999,777   

Exelon Corp.(a)

     179,833         6,044,187   

FirstEnergy Corp.

     98,548         3,455,093   

NextEra Energy, Inc.

     76,064         7,914,459   

PPL Corp.

     171,622         5,776,797   

Southern Co. (The)

     238,373         10,555,156   

Xcel Energy, Inc.

     106,680         3,713,531   
     

 

 

 
Total Electric Utilities               65,137,736   
Electrical Equipment – 0.5%      

AMETEK, Inc.(a)

     10,100         530,654   

Emerson Electric Co.(a)

     133,728         7,571,680   

Rockwell Automation, Inc.

     19,883         2,306,229   
     

 

 

 
Total Electrical Equipment               10,408,563   
Electronic Equipment, Instruments & Components – 0.2%      

Amphenol Corp. Class A

     18,933         1,115,722   

Corning, Inc.

     151,631         3,438,991   
     

 

 

 
Total Electronic Equipment, Instruments & Components               4,554,713   
Energy Equipment & Services – 0.5%      

Baker Hughes, Inc.

     31,459         2,000,163   

Halliburton Co.

     95,820         4,204,582   

National Oilwell Varco, Inc.

     76,866         3,842,531   
     

 

 

 
Total Energy Equipment & Services               10,047,276   
Food & Staples Retailing – 3.2%      

Costco Wholesale Corp.

     27,730         4,200,956   

CVS Health Corp.

     84,880         8,760,465   

Kroger Co. (The)

     36,204         2,775,399   

Sysco Corp.(a)

     109,326         4,124,870   

Wal-Mart Stores, Inc.

     447,432         36,801,282   

Walgreens Boots Alliance, Inc.

     103,767         8,786,989   

Whole Foods Market, Inc.

     22,487         1,171,123   
     

 

 

 
Total Food & Staples Retailing               66,621,084   
Food Products – 2.1%      

Archer-Daniels-Midland Co.

     73,880         3,501,912   

Campbell Soup Co.(a)

     54,817         2,551,731   

ConAgra Foods, Inc.

     70,745         2,584,315   

General Mills, Inc.

     115,280         6,524,848   
     

Hershey Co. (The)

     20,544       $ 2,073,095   

Hormel Foods Corp.(a)

     26,132         1,485,604   

Kellogg Co.

     64,483         4,252,654   

Keurig Green Mountain, Inc.(a)

     7,915         884,343   

Kraft Foods Group, Inc.

     132,474         11,540,473   

Mead Johnson Nutrition Co.

     19,084         1,918,515   

Mondelez International, Inc. Class A

     164,192         5,925,689   

Tyson Foods, Inc. Class A

     17,017         651,751   
     

 

 

 
Total Food Products               43,894,930   
Health Care Equipment & Supplies – 1.1%      

Abbott Laboratories

     183,650         8,508,505   

Baxter International, Inc.

     95,681         6,554,149   

Becton, Dickinson and Co.

     18,698         2,684,846   

C.R. Bard, Inc.

     2,581         431,930   

St. Jude Medical, Inc.(a)

     28,616         1,871,486   

Stryker Corp.

     30,673         2,829,584   

Zimmer Holdings, Inc.

     8,395         986,580   
     

 

 

 
Total Health Care Equipment & Supplies               23,867,080   
Health Care Providers & Services – 1.2%      

Aetna, Inc.

     24,711         2,632,463   

AmerisourceBergen Corp.(a)

     17,639         2,005,025   

Anthem, Inc.

     23,525         3,632,495   

Cardinal Health, Inc.

     34,935         3,153,582   

Cigna Corp.

     824         106,659   

Humana, Inc.(a)

     7,473         1,330,344   

McKesson Corp.

     6,711         1,518,028   

UnitedHealth Group, Inc.

     88,247         10,438,738   
     

 

 

 
Total Health Care Providers & Services               24,817,334   
Hotels, Restaurants & Leisure – 2.3%      

Las Vegas Sands Corp.(a)

     176,436         9,711,037   

Marriott International, Inc. Class A(a)

     18,283         1,468,491   

McDonald’s Corp.

     221,640         21,596,602   

Starbucks Corp.

     68,808         6,516,118   

Starwood Hotels & Resorts Worldwide, Inc.(a)

     19,585         1,635,347   

Wynn Resorts Ltd.

     24,542         3,089,347   

Yum! Brands, Inc.

     58,786         4,627,634   
     

 

 

 
Total Hotels, Restaurants & Leisure               48,644,576   
Household Durables – 0.1%      

Whirlpool Corp.

     8,119         1,640,525   
Household Products – 2.7%      

Clorox Co. (The)

     23,844         2,632,139   

Colgate-Palmolive Co.

     115,860         8,033,733   

Kimberly-Clark Corp.

     67,256         7,203,790   

Procter & Gamble Co. (The)

     470,746         38,572,927   
     

 

 

 
Total Household Products               56,442,589   
Industrial Conglomerates – 3.3%      

3M Co.

     84,782         13,984,791   

Danaher Corp.

     19,748         1,676,605   

General Electric Co.

     2,145,760         53,236,306   

Roper Industries, Inc.

     2,767         475,924   
     

 

 

 
Total Industrial Conglomerates               69,373,626   

 

See Notes to Financial Statements.

 

36   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Insurance – 2.2%      

Aflac, Inc.

     71,968       $ 4,606,672   

Allstate Corp. (The)

     42,570         3,029,707   

American International Group, Inc.

     77,296         4,235,048   

Chubb Corp. (The)(a)

     28,291         2,860,220   

Hartford Financial Services Group, Inc. (The)

     47,994         2,007,109   

Lincoln National Corp.

     22,025         1,265,556   

Loews Corp.

     13,235         540,385   

Marsh & McLennan Cos., Inc.

     65,265         3,660,714   

MetLife, Inc.

     180,650         9,131,857   

Principal Financial Group, Inc.

     46,761         2,402,113   

Progressive Corp. (The)

     64,720         1,760,384   

Prudential Financial, Inc.

     73,084         5,869,376   

Travelers Cos., Inc. (The)

     42,946         4,643,751   
     

 

 

 
Total Insurance               46,012,892   
IT Services – 2.3%      

Automatic Data Processing, Inc.

     69,456         5,948,212   

Fidelity National Information Services, Inc.

     27,874         1,897,104   

International Business Machines Corp.

     169,948         27,276,654   

MasterCard, Inc. Class A

     34,594         2,988,576   

Paychex, Inc.

     71,955         3,570,047   

Visa, Inc. Class A(a)

     89,472         5,852,364   

Xerox Corp.

     130,922         1,682,348   
     

 

 

 
Total IT Services               49,215,305   
Life Sciences Tools & Services – 0.1%      

Agilent Technologies, Inc.

     19,227         798,882   

Thermo Fisher Scientific, Inc.

     11,866         1,594,078   
     

 

 

 
Total Life Sciences Tools & Services               2,392,960   
Machinery – 1.4%      

Caterpillar, Inc.(a)

     114,050         9,127,421   

Cummins, Inc.

     24,065         3,336,372   

Deere & Co.(a)

     59,517         5,219,046   

Dover Corp.(a)

     22,879         1,581,396   

Illinois Tool Works, Inc.

     49,372         4,795,996   

PACCAR, Inc.

     28,325         1,788,441   

Parker-Hannifin Corp.(a)

     18,028         2,141,366   

Stanley Black & Decker, Inc.

     21,370         2,037,843   
     

 

 

 
Total Machinery               30,027,881   
Media – 2.2%      

CBS Corp. Class B Non-Voting Shares(a)

     31,712         1,922,698   

Comcast Corp. Class A

     212,614         12,006,312   

Comcast Corp. Special Class A

     41,703         2,338,079   

Omnicom Group, Inc.(a)

     38,818         3,027,028   

Time Warner Cable, Inc.

     34,663         5,195,290   

Time Warner, Inc.

     78,592         6,636,308   

Twenty-First Century Fox, Inc. Class A(a)

     56,496         1,911,825   

Twenty-First Century Fox, Inc. Class B

     35,018         1,151,392   

Viacom, Inc. Class B

     38,649         2,639,727   

Walt Disney Co. (The)

     96,456         10,117,270   
     

 

 

 
Total Media               46,945,929   
Metals & Mining – 0.6%      

Alcoa, Inc.

     54,531         704,541   
     

Freeport-McMoRan, Inc.

     357,397       $ 6,772,673   

Nucor Corp.

     55,161         2,621,802   

Southern Copper Corp.(a)

     86,886         2,535,333   
     

 

 

 
Total Metals & Mining               12,634,349   
Multi-Utilities – 1.6%      

Consolidated Edison, Inc.(a)

     69,956         4,267,316   

Dominion Resources, Inc.

     116,626         8,265,285   

DTE Energy Co.

     36,443         2,940,586   

NiSource, Inc.

     50,463         2,228,446   

PG&E Corp.

     100,822         5,350,623   

Public Service Enterprise Group, Inc.

     111,738         4,684,057   

Sempra Energy

     36,569         3,986,752   

Wisconsin Energy Corp.

     41,232         2,040,984   
     

 

 

 
Total Multi-Utilities               33,764,049   
Multiline Retail – 0.8%      

Kohl’s Corp.

     33,856         2,649,232   

Macy’s, Inc.

     43,943         2,852,340   

Nordstrom, Inc.

     21,028         1,688,969   

Target Corp.(a)

     109,094         8,953,345   
     

 

 

 
Total Multiline Retail               16,143,886   
Oil, Gas & Consumable Fuels – 10.7%      

Anadarko Petroleum Corp.

     44,386         3,675,605   

Apache Corp.

     39,435         2,379,113   

Cabot Oil & Gas Corp.

     8,660         255,730   

Chesapeake Energy Corp.(a)

     78,982         1,118,385   

Chevron Corp.

     477,570         50,135,299   

ConocoPhillips

     349,215         21,742,126   

Devon Energy Corp.

     43,867         2,645,619   

EOG Resources, Inc.

     25,107         2,302,061   

EQT Corp.

     1,665         137,979   

Exxon Mobil Corp.

     815,706         69,335,010   

Hess Corp.

     26,448         1,795,026   

Kinder Morgan, Inc.(a)

     279,339         11,748,998   

Marathon Oil Corp.

     132,564         3,461,246   

Marathon Petroleum Corp.

     40,068         4,102,562   

Noble Energy, Inc.

     34,830         1,703,187   

Occidental Petroleum Corp.

     182,826         13,346,298   

ONEOK, Inc.

     65,071         3,139,025   

Phillips 66

     100,897         7,930,504   

Pioneer Natural Resources Co.(a)

     896         146,505   

Range Resources Corp.(a)

     4,213         219,244   

Spectra Energy Corp.(a)

     176,522         6,384,801   

Valero Energy Corp.

     73,799         4,695,092   

Williams Cos., Inc. (The)

     242,512         12,268,682   
     

 

 

 
Total Oil, Gas & Consumable Fuels               224,668,097   
Paper & Forest Products – 0.2%      

International Paper Co.

     77,740         4,313,793   
Personal Products – 0.1%      

Estee Lauder Cos., Inc. (The) Class A

     17,748         1,475,924   
Pharmaceuticals – 8.0%      

AbbVie, Inc.

     290,510         17,006,455   

Bristol-Myers Squibb Co.

     245,635         15,843,457   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      37   


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Eli Lilly & Co.(a)

     189,600       $ 13,774,440   

Johnson & Johnson

     453,493         45,621,396   

Merck & Co., Inc.

     527,037         30,294,087   

Pfizer, Inc.

     1,279,324         44,507,682   

Zoetis, Inc.

     21,745         1,006,576   
     

 

 

 
Total Pharmaceuticals               168,054,093   
Real Estate Investment Trusts (REITs) – 3.8%      

American Tower Corp.

     35,621         3,353,717   

AvalonBay Communities, Inc.(a)

     22,882         3,987,188   

Boston Properties, Inc.

     18,690         2,625,571   

Crown Castle International Corp.

     88,040         7,266,822   

Equity Residential

     61,959         4,824,128   

Essex Property Trust, Inc.

     9,600         2,207,040   

General Growth Properties, Inc.

     134,826         3,984,108   

HCP, Inc.

     133,869         5,784,479   

Health Care REIT, Inc.

     85,970         6,650,639   

Host Hotels & Resorts, Inc.

     154,377         3,115,328   

Macerich Co. (The)

     26,938         2,271,682   

Prologis, Inc.

     93,170         4,058,485   

Public Storage

     32,218         6,351,457   

Simon Property Group, Inc.

     54,809         10,722,833   

SL Green Realty Corp.(a)

     9,327         1,197,400   

Ventas, Inc.

     69,606         5,082,630   

Vornado Realty Trust

     29,543         3,308,816   

Weyerhaeuser Co.

     101,112         3,351,863   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               80,144,186   
Road & Rail – 0.9%      

CSX Corp.

     111,768         3,701,756   

Kansas City Southern(a)

     6,422         655,558   

Norfolk Southern Corp.

     42,265         4,349,914   

Union Pacific Corp.

     95,556         10,349,670   
     

 

 

 
Total Road & Rail               19,056,898   
Semiconductors & Semiconductor Equipment – 2.4%      

Altera Corp.

     36,297         1,557,504   

Analog Devices, Inc.

     51,379         3,236,877   

Applied Materials, Inc.

     125,631         2,834,235   

Broadcom Corp. Class A

     38,580         1,670,321   

Intel Corp.

     777,033         24,297,822   

KLA-Tencor Corp.(a)

     29,135         1,698,279   

Lam Research Corp.

     8,288         582,108   

Linear Technology Corp.(a)

     33,270         1,557,036   

NVIDIA Corp.(a)

     54,614         1,142,798   

Skyworks Solutions, Inc.

     7,978         784,158   

Texas Instruments, Inc.

     163,692         9,360,727   

Xilinx, Inc.

     39,993         1,691,704   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         50,413,569   
Software – 3.6%      

Activision Blizzard, Inc.

     45,513         1,034,283   

CA, Inc.

     88,369         2,881,713   

Intuit, Inc.

     17,889         1,734,518   

Microsoft Corp.

     1,315,724         53,490,759   
     

Oracle Corp.

     321,723       $ 13,882,348   

Symantec Corp.

     100,338         2,344,397   
     

 

 

 
Total Software               75,368,018   
Specialty Retail – 1.7%      

Best Buy Co., Inc.

     42,306         1,598,744   

Gap, Inc. (The)(a)

     58,429         2,531,729   

Home Depot, Inc. (The)

     153,189         17,403,802   

L Brands, Inc.

     29,174         2,750,816   

Lowe’s Cos., Inc.

     84,931         6,318,017   

Ross Stores, Inc.

     11,606         1,222,808   

Tiffany & Co.(a)

     11,252         990,289   

TJX Cos., Inc. (The)

     43,944         3,078,277   
     

 

 

 
Total Specialty Retail               35,894,482   
Technology Hardware, Storage & Peripherals – 4.3%      

Apple, Inc.

     607,381         75,576,418   

EMC Corp.

     200,397         5,122,147   

Hewlett-Packard Co.

     190,357         5,931,524   

NetApp, Inc.(a)

     30,077         1,066,530   

SanDisk Corp.(a)

     16,537         1,052,084   

Western Digital Corp.

     21,356         1,943,610   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         90,692,313   
Textiles, Apparel & Luxury Goods – 0.4%      

Hanesbrands, Inc.

     24,650         826,021   

NIKE, Inc. Class B

     47,542         4,769,889   

Ralph Lauren Corp.

     4,133         543,490   

VF Corp.

     46,338         3,489,715   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               9,629,115   
Tobacco – 3.5%      

Altria Group, Inc.

     499,642         24,992,093   

Lorillard, Inc.

     85,961         5,617,551   

Philip Morris International, Inc.

     446,222         33,613,903   

Reynolds American, Inc.(a)

     134,094         9,240,418   
     

 

 

 
Total Tobacco               73,463,965   
Trading Companies & Distributors – 0.2%      

Fastenal Co.(a)

     40,589         1,681,805   

W.W. Grainger, Inc.(a)

     7,071         1,667,413   
     

 

 

 
Total Trading Companies & Distributors               3,349,218   

TOTAL COMMON STOCKS

(Cost: $1,863,187,128)

              2,099,887,131   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      
WisdomTree Total Dividend Fund(a)(b)
(Cost: $2,439,197)
     32,638         2,427,941   

 

See Notes to Financial Statements.

 

38   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.8%       
United States – 3.8%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $79,265,430)(d)      79,265,430       $ 79,265,430   

TOTAL INVESTMENTS IN SECURITIES – 103.6%

(Cost: $1,944,891,755)

  

  

     2,181,580,502   

Liabilities in Excess of Cash and Other Assets – (3.6)%

  

     (74,962,292
  

 

 

 
NET ASSETS – 100.0%             $ 2,106,618,210   
(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $119,941,622 and the total market value of the collateral held by the Fund was $122,602,636. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $43,337,206. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      39   


Table of Contents

Schedule of Investments

WisdomTree LargeCap Value Fund (EZY)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 8.2%      

B/E Aerospace, Inc.(a)

     453       $ 28,820   

Boeing Co. (The)(a)

     3,891         583,961   

Curtiss-Wright Corp.

     212         15,675   

Esterline Technologies Corp.*(a)

     175         20,024   

Exelis, Inc.

     1,954         47,619   

General Dynamics Corp.

     2,292         311,093   

Hexcel Corp.(a)

     426         21,905   

Huntington Ingalls Industries, Inc.(a)

     221         30,973   

KLX, Inc.*(a)

     226         8,710   

L-3 Communications Holdings, Inc.

     644         81,009   

Lockheed Martin Corp.(a)

     2,059         417,895   

Moog, Inc. Class A*

     301         22,590   

Northrop Grumman Corp.

     1,616         260,111   

Orbital ATK, Inc.(a)

     244         18,698   

Raytheon Co.(a)

     1,957         213,802   

Teledyne Technologies, Inc.*(a)

     192         20,492   

Textron, Inc.(a)

     1,274         56,476   

Vectrus, Inc.*

     108         2,753   
     

 

 

 
Total Aerospace & Defense               2,162,606   
Air Freight & Logistics – 1.0%      

FedEx Corp.(a)

     1,662         274,978   
Airlines – 1.6%      

Alaska Air Group, Inc.

     679         44,936   

JetBlue Airways Corp.*(a)

     1,982         38,154   

Southwest Airlines Co.(a)

     3,557         157,575   

Spirit Airlines, Inc.*(a)

     305         23,595   

United Continental Holdings, Inc.*

     2,520         169,470   
     

 

 

 
Total Airlines               433,730   
Auto Components – 1.8%      

Federal-Mogul Holdings Corp.*(a)

     584         7,773   

Gentex Corp.(a)

     1,532         28,036   

Johnson Controls, Inc.

     3,378         170,386   

Lear Corp.(a)

     612         67,822   

Tenneco, Inc.*

     432         24,805   

TRW Automotive Holdings Corp.*

     1,297         135,991   

Visteon Corp.*

     341         32,872   
     

 

 

 
Total Auto Components               467,685   
Automobiles – 4.5%      

Ford Motor Co.(a)

     43,860         707,900   

General Motors Co.(a)

     12,135         455,063   

Thor Industries, Inc.(a)

     251         15,866   
     

 

 

 
Total Automobiles               1,178,829   
Banks – 13.0%      

BancorpSouth, Inc.(a)

     169         3,924   

Bank of America Corp.

     34,911         537,280   

BB&T Corp.

     1,418         55,288   

Citigroup, Inc.(a)

     10,363         533,902   

Comerica, Inc.(a)

     400         18,052   

Fifth Third Bancorp(a)

     2,408         45,391   
     

Huntington Bancshares, Inc.(a)

     2,211       $ 24,432   

Iberiabank Corp.(a)

     57         3,593   

JPMorgan Chase & Co.(a)

     17,900         1,084,382   

KeyCorp

     2,233         31,619   

PNC Financial Services Group, Inc. (The)(a)

     1,736         161,865   

Popular, Inc.*

     219         7,531   

PrivateBancorp, Inc.(a)

     150         5,275   

Regions Financial Corp.

     3,973         37,545   

SunTrust Banks, Inc.(a)

     1,194         49,061   

SVB Financial Group*

     67         8,512   

Umpqua Holdings Corp.

     196         3,367   

Wells Fargo & Co.

     15,139         823,562   

Western Alliance Bancorp*

     172         5,098   

Wintrust Financial Corp.(a)

     96         4,577   
     

 

 

 
Total Banks               3,444,256   
Beverages – 0.3%      

Constellation Brands, Inc. Class A*(a)

     751         87,274   
Capital Markets – 2.7%      

Ameriprise Financial, Inc.

     470         61,495   

Bank of New York Mellon Corp. (The)(a)

     2,237         90,017   

E*TRADE Financial Corp.*(a)

     432         12,336   

Goldman Sachs Group, Inc. (The)(a)

     1,715         322,369   

Legg Mason, Inc.(a)

     212         11,702   

LPL Financial Holdings, Inc.(a)

     175         7,676   

Morgan Stanley

     4,916         175,452   

Raymond James Financial, Inc.

     317         17,999   

Stifel Financial Corp.*(a)

     214         11,930   
     

 

 

 
Total Capital Markets               710,976   
Chemicals – 5.0%      

Ashland, Inc.

     879         111,905   

Cabot Corp.(a)

     377         16,965   

Celanese Corp. Series A(a)

     916         51,168   

CF Industries Holdings, Inc.

     609         172,761   

Cytec Industries, Inc.(a)

     457         24,696   

Dow Chemical Co. (The)(a)

     4,551         218,357   

E.I. du Pont de Nemours & Co.(a)

     4,908         350,775   

Eastman Chemical Co.

     1,341         92,878   

H.B. Fuller Co.(a)

     301         12,904   

Huntsman Corp.(a)

     1,414         31,348   

Minerals Technologies, Inc.(a)

     130         9,503   

Olin Corp.(a)

     586         18,775   

PolyOne Corp.

     470         17,555   

PPG Industries, Inc.(a)

     671         151,337   

RPM International, Inc.

     720         34,553   

Sensient Technologies Corp.(a)

     258         17,771   
     

 

 

 
Total Chemicals               1,333,251   
Commercial Services & Supplies – 0.5%      

Cintas Corp.(a)

     573         46,774   

KAR Auction Services, Inc.

     252         9,559   

R.R. Donnelley & Sons Co.(a)

     2,569         49,299   

UniFirst Corp.

     122         14,358   
     

 

 

 
Total Commercial Services & Supplies               119,990   

 

See Notes to Financial Statements.

 

40   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Communications Equipment – 0.7%      

ARRIS Group, Inc.*

     486       $ 14,043   

Brocade Communications Systems, Inc.(a)

     2,660         31,561   

Finisar Corp.*(a)

     340         7,256   

Harris Corp.

     857         67,497   

Juniper Networks, Inc.(a)

     1,893         42,744   

Ubiquiti Networks, Inc.(a)

     321         9,485   
     

 

 

 
Total Communications Equipment               172,586   
Construction & Engineering – 0.4%      

Fluor Corp.

     806         46,071   

Jacobs Engineering Group, Inc.*(a)

     663         29,941   

MasTec, Inc.*(a)

     374         7,218   

Quanta Services, Inc.*

     1,100         31,383   
     

 

 

 
Total Construction & Engineering               114,613   
Consumer Finance – 0.9%      

Capital One Financial Corp.

     2,152         169,621   

Navient Corp.

     1,959         39,826   

SLM Corp.(a)

     1,959         18,180   
     

 

 

 
Total Consumer Finance               227,627   
Containers & Packaging – 1.2%      

Avery Dennison Corp.(a)

     551         29,153   

Graphic Packaging Holding Co.

     1,877         27,291   

Owens-Illinois, Inc.*(a)

     1,380         32,182   

Packaging Corp. of America(a)

     735         57,470   

Rock-Tenn Co. Class A

     1,598         103,071   

Sealed Air Corp.(a)

     775         35,309   

Sonoco Products Co.

     571         25,958   
     

 

 

 
Total Containers & Packaging               310,434   
Diversified Consumer Services – 0.3%      

Apollo Education Group, Inc.*(a)

     1,477         27,945   

DeVry Education Group, Inc.(a)

     455         15,179   

Graham Holdings Co. Class B

     28         29,390   

Grand Canyon Education, Inc.*(a)

     178         7,707   
     

 

 

 
Total Diversified Consumer Services               80,221   
Diversified Financial Services – 3.0%      

Berkshire Hathaway, Inc. Class B*

     5,563         802,852   
Diversified Telecommunication Services – 0.1%      

Frontier Communications Corp.(a)

     5,296         37,337   
Electric Utilities – 0.5%      

Entergy Corp.(a)

     1,367         105,929   

Great Plains Energy, Inc.(a)

     896         23,905   

PNM Resources, Inc.(a)

     356         10,395   
     

 

 

 
Total Electric Utilities               140,229   
Electrical Equipment – 0.3%      

Acuity Brands, Inc.

     123         20,684   

Babcock & Wilcox Co. (The)(a)

     1,160         37,224   

EnerSys(a)

     332         21,328   
     

 

 

 
Total Electrical Equipment               79,236   
Electronic Equipment, Instruments & Components – 1.8%      

Anixter International, Inc.*(a)

     196         14,921   
     

Arrow Electronics, Inc.*(a)

     820       $ 50,143   

Avnet, Inc.(a)

     1,212         53,934   

Belden, Inc.

     172         16,092   

Corning, Inc.

     9,566         216,957   

Ingram Micro, Inc. Class A*(a)

     1,100         27,632   

Jabil Circuit, Inc.(a)

     2,461         57,538   

SYNNEX Corp.(a)

     204         15,759   

Tech Data Corp.*(a)

     241         13,923   

Vishay Intertechnology, Inc.(a)

     808         11,167   
     

 

 

 
Total Electronic Equipment, Instruments & Components         478,066   
Energy Equipment & Services – 1.6%      

Baker Hughes, Inc.

     1,863         118,450   

Halliburton Co.

     5,022         220,365   

Helmerich & Payne, Inc.(a)

     650         44,245   

Patterson-UTI Energy, Inc.(a)

     574         10,777   

Superior Energy Services, Inc.(a)

     949         21,201   

Unit Corp.*(a)

     268         7,499   
     

 

 

 
Total Energy Equipment & Services               422,537   
Food & Staples Retailing – 4.8%      

Casey’s General Stores, Inc.(a)

     197         17,750   

CVS Health Corp.(a)

     5,968         615,957   

Kroger Co. (The)(a)

     3,344         256,351   

United Natural Foods, Inc.*(a)

     171         13,174   

Walgreens Boots Alliance, Inc.

     4,283         362,684   
     

 

 

 
Total Food & Staples Retailing               1,265,916   
Food Products – 1.6%      

Archer-Daniels-Midland Co.(a)

     3,262         154,619   

Hain Celestial Group, Inc. (The)*(a)

     347         22,225   

Keurig Green Mountain, Inc.(a)

     514         57,429   

Pilgrim’s Pride Corp.(a)

     2,492         56,294   

Pinnacle Foods, Inc.

     556         22,691   

Tyson Foods, Inc. Class A(a)

     2,100         80,430   

WhiteWave Foods Co. (The)*(a)

     482         21,372   
     

 

 

 
Total Food Products               415,060   
Gas Utilities – 0.2%      

AGL Resources, Inc.(a)

     576         28,599   

UGI Corp.

     1,065         34,708   
     

 

 

 
Total Gas Utilities               63,307   
Health Care Equipment & Supplies – 0.8%      

Boston Scientific Corp.*(a)

     5,326         94,536   

St. Jude Medical, Inc.(a)

     1,970         128,838   
Total Health Care Equipment & Supplies               223,374   
Health Care Providers & Services – 12.0%      

Aetna, Inc.

     3,047         324,597   

Anthem, Inc.(a)

     2,817         434,973   

Cardinal Health, Inc.(a)

     1,925         173,770   

Centene Corp.*(a)

     540         38,173   

Cigna Corp.

     3,046         394,274   

Express Scripts Holding Co.*(a)

     3,543         307,426   

Health Net, Inc.*

     512         30,971   

Henry Schein, Inc.*(a)

     383         53,474   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      41   


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Humana, Inc.(a)

     1,074       $ 191,194   

LifePoint Hospitals, Inc.*(a)

     252         18,509   

McKesson Corp.

     939         212,402   

Omnicare, Inc.(a)

     597         46,005   

Owens & Minor, Inc.(a)

     336         11,370   

UnitedHealth Group, Inc.

     6,852         810,523   

Universal Health Services, Inc. Class B

     657         77,335   

VCA, Inc.*

     450         24,669   

WellCare Health Plans, Inc.*(a)

     372         34,023   
     

 

 

 
Total Health Care Providers & Services               3,183,688   
Hotels, Restaurants & Leisure – 0.2%      

Bloomin’ Brands, Inc.

     800         19,464   

Buffalo Wild Wings, Inc.*

     47         8,518   

Jack in the Box, Inc.

     165         15,827   

Wendy’s Co. (The)(a)

     1,713         18,672   
     

 

 

 
Total Hotels, Restaurants & Leisure               62,481   
Household Durables – 1.1%      

Harman International Industries, Inc.(a)

     270         36,080   

Jarden Corp.*(a)

     987         52,212   

Mohawk Industries, Inc.*

     366         67,985   

Whirlpool Corp.(a)

     713         144,069   
     

 

 

 
Total Household Durables               300,346   
Household Products – 0.1%      

Spectrum Brands Holdings, Inc.(a)

     303         27,137   
Independent Power and Renewable Electricity Producers – 0.3%   

AES Corp.(a)

     5,459         70,148   
Insurance – 4.4%      

Aflac, Inc.(a)

     1,815         116,178   

Allstate Corp. (The)(a)

     2,118         150,738   

American Financial Group, Inc.(a)

     299         19,181   

American International Group, Inc.(a)

     6,220         340,794   

Assurant, Inc.

     294         18,055   

CNA Financial Corp.(a)

     787         32,605   

CNO Financial Group, Inc.(a)

     1,349         23,230   

First American Financial Corp.(a)

     267         9,527   

Genworth Financial, Inc. Class A*(a)

     1,321         9,656   

Hanover Insurance Group, Inc. (The)(a)

     164         11,903   

Hartford Financial Services Group, Inc. (The)(a)

     2,233         93,384   

Kemper Corp.(a)

     199         7,753   

Lincoln National Corp.(a)

     939         53,955   

MBIA, Inc.*(a)

     609         5,664   

Mercury General Corp.(a)

     92         5,313   

MetLife, Inc.(a)

     2,579         130,368   

Primerica, Inc.(a)

     148         7,533   

Principal Financial Group, Inc.(a)

     700         35,959   

Reinsurance Group of America, Inc.(a)

     164         15,283   

StanCorp Financial Group, Inc.(a)

     131         8,987   

Symetra Financial Corp.

     383         8,985   

Torchmark Corp.(a)

     372         20,430   

Unum Group(a)

     900         30,357   
     

 

 

 
Total Insurance               1,155,838   
     
Internet & Catalog Retail – 0.2%      

Liberty Interactive Corp. Class A*

     1,734       $ 50,616   

Liberty Ventures Series A*

     246         10,334   
     

 

 

 
Total Internet & Catalog Retail               60,950   
Internet Software & Services – 0.1%      

IAC/InterActiveCorp

     396         26,718   
IT Services – 1.9%      

Acxiom Corp.*

     229         4,234   

Booz Allen Hamilton Holding Corp.(a)

     1,081         31,284   

Broadridge Financial Solutions, Inc.

     740         40,707   

Computer Sciences Corp.(a)

     1,411         92,110   

Convergys Corp.(a)

     386         8,828   

DST Systems, Inc.

     361         39,966   

Euronet Worldwide, Inc.*(a)

     196         11,515   

Fidelity National Information Services, Inc.(a)

     1,291         87,865   

Global Payments, Inc.(a)

     389         35,664   

Leidos Holdings, Inc.(a)

     380         15,945   

Xerox Corp.(a)

     10,662         137,007   
     

 

 

 
Total IT Services               505,125   
Leisure Products – 0.4%      

Brunswick Corp.(a)

     1,883         96,881   

Vista Outdoor, Inc.*

     488         20,896   
Total Leisure Products               117,777   
Life Sciences Tools & Services – 0.7%      

PerkinElmer, Inc.(a)

     497         25,416   

Thermo Fisher Scientific, Inc.(a)

     1,252         168,194   
     

 

 

 
Total Life Sciences Tools & Services               193,610   
Machinery – 2.2%      

AGCO Corp.(a)

     1,027         48,926   

Barnes Group, Inc.(a)

     220         8,908   

Colfax Corp.*(a)

     298         14,224   

ITT Corp.

     1,243         49,608   

Manitowoc Co., Inc. (The)(a)

     507         10,931   

Middleby Corp. (The)*(a)

     200         20,530   

Oshkosh Corp.(a)

     589         28,737   

PACCAR, Inc.(a)

     1,761         111,190   

Parker-Hannifin Corp.(a)

     667         79,226   

Snap-on, Inc.(a)

     310         45,589   

SPX Corp.

     237         20,121   

Terex Corp.(a)

     642         17,071   

Trinity Industries, Inc.(a)

     1,036         36,788   

WABCO Holdings, Inc.*

     368         45,220   

Xylem, Inc.

     900         31,518   
     

 

 

 
Total Machinery               568,587   
Media – 1.4%      

Gannett Co., Inc.(a)

     2,086         77,349   

Interpublic Group of Cos., Inc. (The)

     2,155         47,669   

John Wiley & Sons, Inc. Class A

     365         22,316   

Time Warner Cable, Inc.

     1,498         224,520   
     

 

 

 
Total Media               371,854   

 

See Notes to Financial Statements.

 

42   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Metals & Mining – 0.3%      

Alcoa, Inc.(a)

     1,679       $ 21,693   

Carpenter Technology Corp.(a)

     217         8,437   

Cliffs Natural Resources, Inc.(a)

     2,789         13,415   

Commercial Metals Co.(a)

     284         4,598   

Steel Dynamics, Inc.(a)

     995         19,999   

Worthington Industries, Inc.(a)

     408         10,857   
     

 

 

 
Total Metals & Mining               78,999   
Multi-Utilities – 0.1%      

Black Hills Corp.(a)

     188         9,483   

MDU Resources Group, Inc.(a)

     774         16,517   
     

 

 

 
Total Multi-Utilities               26,000   
Multiline Retail – 1.3%      

Dillard’s, Inc. Class A(a)

     335         45,731   

Kohl’s Corp.(a)

     1,585         124,026   

Macy’s, Inc.(a)

     2,575         167,143   
     

 

 

 
Total Multiline Retail               336,900   
Oil, Gas & Consumable Fuels – 6.2%      

ConocoPhillips(a)

     9,841         612,701   

Energen Corp.(a)

     215         14,190   

Hess Corp.(a)

     4,395         298,288   

Phillips 66(a)

     4,583         360,224   

Stone Energy Corp.*(a)

     328         4,815   

Valero Energy Corp.

     4,517         287,371   

Western Refining, Inc.(a)

     810         40,006   

World Fuel Services Corp.

     462         26,556   
     

 

 

 
Total Oil, Gas & Consumable Fuels               1,644,151   
Personal Products – 0.1%      

Nu Skin Enterprises, Inc. Class A(a)

     440         26,492   
Pharmaceuticals – 0.3%      

Hospira, Inc.*

     926         81,340   
Professional Services – 0.4%      

Manpowergroup, Inc.(a)

     492         42,386   

On Assignment, Inc.*(a)

     188         7,214   

Towers Watson & Co. Class A(a)

     332         43,885   
     

 

 

 
Total Professional Services               93,485   
Real Estate Management & Development – 0.1%      

Jones Lang LaSalle, Inc.(a)

     88         14,995   
Road & Rail – 0.6%      

AMERCO(a)

     135         44,604   

Avis Budget Group, Inc.*(a)

     599         35,350   

Con-way, Inc.(a)

     217         9,576   

Old Dominion Freight Line, Inc.*(a)

     359         27,751   

Ryder System, Inc.(a)

     302         28,657   

Swift Transportation Co.*(a)

     659         17,147   
     

 

 

 
Total Road & Rail               163,085   
Semiconductors & Semiconductor Equipment – 1.3%      

Applied Materials, Inc.(a)

     4,508         101,700   

First Solar, Inc.*(a)

     640         38,265   

Lam Research Corp.(a)

     739         51,904   
     

NVIDIA Corp.(a)

     2,482       $ 51,936   

Skyworks Solutions, Inc.

     848         83,350   

Synaptics, Inc.*(a)

     225         18,294   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               345,449   
Software – 0.4%      

Activision Blizzard, Inc.(a)

     5,140         116,806   
Specialty Retail – 2.6%      

Advance Auto Parts, Inc.(a)

     350         52,391   

AutoNation, Inc.*(a)

     705         45,353   

Best Buy Co., Inc.(a)

     2,379         89,902   

Foot Locker, Inc.(a)

     935         58,905   

GameStop Corp. Class A(a)

     846         32,114   

Guess?, Inc.(a)

     562         10,448   

Lowe’s Cos., Inc.(a)

     4,742         352,757   

Men’s Wearhouse, Inc. (The)

     240         12,528   

Penske Automotive Group, Inc.(a)

     586         30,173   

Restoration Hardware Holdings, Inc.*

     124         12,300   
     

 

 

 
Total Specialty Retail               696,871   
Technology Hardware, Storage & Peripherals – 3.5%      

Hewlett-Packard Co.(a)

     18,843         587,148   

Lexmark International, Inc. Class A

     599         25,362   

NCR Corp.*

     1,443         42,583   

SanDisk Corp.(a)

     1,454         92,503   

Western Digital Corp.

     1,981         180,291   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         927,887   
Textiles, Apparel & Luxury Goods – 0.4%      

Columbia Sportswear Co.(a)

     261         15,895   

Deckers Outdoor Corp.*

     177         12,898   

Hanesbrands, Inc.(a)

     2,084         69,835   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               98,628   
Thrifts & Mortgage Finance – 0.0%      

EverBank Financial Corp.(a)

     324         5,842   
Trading Companies & Distributors – 0.3%      

GATX Corp.(a)

     227         13,161   

United Rentals, Inc.*(a)

     499         45,489   

WESCO International, Inc.*(a)

     281         19,639   
     

 

 

 
Total Trading Companies & Distributors               78,289   
Transportation Infrastructure – 0.0%      

Wesco Aircraft Holdings, Inc.*(a)

     501         7,675   

TOTAL COMMON STOCKS

(Cost: $21,452,586)

              26,434,123   
EXCHANGE-TRADED FUNDS – 0.2%      
United States – 0.2%      

WisdomTree Earnings 500 Fund(b)

     489         34,983   

WisdomTree MidCap Earnings Fund(a)(b)

     157         15,154   
     

 

 

 

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $45,802)

              50,137   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      43   


Table of Contents

Schedule of Investments (concluded)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
INVESTMENT OF CASH COLLATERAL
FOR SECURITIES LOANED – 23.3%
   
United States – 23.3%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $6,163,855)(d)      6,163,855       $ 6,163,855   

TOTAL INVESTMENTS IN SECURITIES – 123.2%

(Cost: $27,662,243)

        32,648,115   

Liabilities in Excess of Cash and Other Assets – (23.2)%

  

     (6,137,266
     

 

 

 
NET ASSETS – 100.0%             $ 26,510,849   
* 

Non-income producing security.

 

(a)

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b)

Affiliated company (See Note 7).

 

(c)

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $7,784,735 and the total market value of the collateral held by the Fund was $7,961,410. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $1,797,555. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

44   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree MidCap Dividend Fund (DON)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.6%      
United States – 99.6%      
Aerospace & Defense – 1.2%      

Curtiss-Wright Corp.

     14,268       $ 1,054,976   

Exelis, Inc.

     177,093         4,315,756   

Huntington Ingalls Industries, Inc.

     28,384         3,978,018   

L-3 Communications Holdings, Inc.

     63,986         8,048,799   

Orbital ATK, Inc.

     14,444         1,106,844   

Triumph Group, Inc.(a)

     4,939         294,957   
     

 

 

 
Total Aerospace & Defense               18,799,350   
Air Freight & Logistics – 0.8%      

C.H. Robinson Worldwide, Inc.(a)

     106,620         7,806,716   

Expeditors International of Washington, Inc.

     104,193         5,020,019   
     

 

 

 
Total Air Freight & Logistics               12,826,735   
Airlines – 0.2%      

Alaska Air Group, Inc.

     44,837         2,967,313   
Auto Components – 0.7%      

Dana Holding Corp.(a)

     63,173         1,336,741   

Gentex Corp.(a)

     198,598         3,634,343   

Goodyear Tire & Rubber Co. (The)

     93,932         2,543,678   

Lear Corp.

     26,691         2,957,897   
     

 

 

 
Total Auto Components               10,472,659   
Automobiles – 0.2%      

Thor Industries, Inc.(a)

     40,514         2,560,890   
Banks – 2.8%      

Associated Banc-Corp.

     65,708         1,222,169   

Bank of the Ozarks, Inc.(a)

     23,723         876,090   

BankUnited, Inc.

     60,896         1,993,735   

BOK Financial Corp.(a)

     39,588         2,423,577   

CIT Group, Inc.

     46,885         2,115,451   

City National Corp.

     18,685         1,664,460   

Comerica, Inc.(a)

     64,517         2,911,652   

Commerce Bancshares, Inc.(a)

     39,053         1,652,723   

Cullen/Frost Bankers, Inc.(a)

     36,628         2,530,262   

East West Bancorp, Inc.

     55,052         2,227,404   

First Citizens BancShares, Inc. Class A

     1,026         266,442   

First Horizon National Corp.(a)

     71,660         1,024,022   

First Niagara Financial Group, Inc.

     281,154         2,485,401   

First Republic Bank

     30,453         1,738,562   

FirstMerit Corp.

     115,547         2,202,326   

Huntington Bancshares, Inc.

     386,485         4,270,659   

Investors Bancorp, Inc.(a)

     105,296         1,234,069   

PacWest Bancorp(a)

     90,073         4,223,523   

Prosperity Bancshares, Inc.

     28,517         1,496,572   

Synovus Financial Corp.(a)

     42,742         1,197,204   

Umpqua Holdings Corp.

     154,836         2,660,083   

Webster Financial Corp.

     46,287         1,714,933   

Zions Bancorp(a)

     23,395         631,665   
     

 

 

 
Total Banks               44,762,984   
Beverages – 0.6%      

Coca-Cola Enterprises, Inc.

     210,661         9,311,216   
     
Building Products – 1.1%      

A.O. Smith Corp.

     32,368       $ 2,125,283   

Fortune Brands Home & Security, Inc.

     65,246         3,097,880   

Lennox International, Inc.

     23,542         2,629,406   

Masco Corp.

     200,834         5,362,268   

Owens Corning

     84,951         3,686,873   
     

 

 

 
Total Building Products               16,901,710   
Capital Markets – 1.1%      

Eaton Vance Corp.(a)

     59,814         2,490,655   

Federated Investors, Inc. Class B(a)

     66,133         2,241,247   

Janus Capital Group, Inc.(a)

     77,165         1,326,466   

Legg Mason, Inc.

     29,190         1,611,288   

LPL Financial Holdings, Inc.(a)

     45,275         1,985,762   

NorthStar Asset Management Group, Inc.

     71,880         1,677,679   

Raymond James Financial, Inc.

     37,016         2,101,769   

SEI Investments Co.

     37,388         1,648,437   

Waddell & Reed Financial, Inc. Class A

     50,976         2,525,351   
     

 

 

 
Total Capital Markets               17,608,654   
Chemicals – 4.1%      

Airgas, Inc.(a)

     56,156         5,958,713   

Albemarle Corp.

     88,724         4,688,176   

Ashland, Inc.

     30,763         3,916,438   

Axiall Corp.

     43,619         2,047,476   

Cabot Corp.(a)

     53,643         2,413,935   

Celanese Corp. Series A

     100,553         5,616,891   

Cytec Industries, Inc.

     30,754         1,661,946   

FMC Corp.(a)

     54,558         3,123,446   

Huntsman Corp.

     213,402         4,731,122   

International Flavors & Fragrances, Inc.

     57,266         6,723,028   

NewMarket Corp.(a)

     7,041         3,364,190   

PolyOne Corp.

     39,283         1,467,220   

RPM International, Inc.

     107,972         5,181,576   

Scotts Miracle-Gro Co. (The) Class A

     67,930         4,562,858   

Sensient Technologies Corp.

     31,946         2,200,440   

Valspar Corp. (The)(a)

     39,231         3,296,581   

Westlake Chemical Corp.

     60,914         4,382,153   
     

 

 

 
Total Chemicals               65,336,189   
Commercial Services & Supplies – 2.9%      

ADT Corp. (The)(a)

     172,273         7,152,775   

Cintas Corp.

     52,741         4,305,248   

Covanta Holding Corp.(a)

     218,417         4,899,093   

Deluxe Corp.

     37,411         2,591,834   

KAR Auction Services, Inc.

     167,231         6,343,072   

Pitney Bowes, Inc.

     235,757         5,497,853   

R.R. Donnelley & Sons Co.(a)

     507,028         9,729,867   

Rollins, Inc.

     105,652         2,612,774   

Waste Connections, Inc.

     56,607         2,725,061   
     

 

 

 
Total Commercial Services & Supplies               45,857,577   
Communications Equipment – 1.1%      

Brocade Communications Systems, Inc.

     205,705         2,440,690   

Harris Corp.

     107,040         8,430,471   

Juniper Networks, Inc.

     308,635         6,968,978   
     

 

 

 
Total Communications Equipment               17,840,139   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      45   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Construction & Engineering – 0.4%      

EMCOR Group, Inc.

     17,907       $ 832,138   

Fluor Corp.

     86,912         4,967,890   
     

 

 

 
Total Construction & Engineering               5,800,028   
Construction Materials – 0.5%      

Eagle Materials, Inc.

     10,612         886,739   

Martin Marietta Materials, Inc.

     37,745         5,276,751   

Vulcan Materials Co.

     19,029         1,604,144   
     

 

 

 
Total Construction Materials               7,767,634   
Consumer Finance – 0.6%      

Navient Corp.

     234,945         4,776,432   

Santander Consumer USA Holdings, Inc.

     237,773         5,502,067   
     

 

 

 
Total Consumer Finance               10,278,499   
Containers & Packaging – 2.8%      

AptarGroup, Inc.(a)

     42,320         2,688,166   

Avery Dennison Corp.

     95,824         5,070,048   

Ball Corp.

     40,978         2,894,686   

Bemis Co., Inc.

     94,674         4,384,353   

MeadWestvaco Corp.

     143,931         7,177,839   

Packaging Corp. of America

     77,980         6,097,256   

Rock-Tenn Co. Class A

     69,173         4,461,659   

Sealed Air Corp.

     101,074         4,604,931   

Silgan Holdings, Inc.

     28,605         1,662,809   

Sonoco Products Co.

     114,263         5,194,396   
     

 

 

 
Total Containers & Packaging               44,236,143   
Diversified Consumer Services – 1.0%      

DeVry Education Group, Inc.

     19,230         641,513   

Graham Holdings Co. Class B

     2,049         2,150,692   

H&R Block, Inc.

     259,064         8,308,182   

Service Corp. International

     128,430         3,345,601   

Sotheby’s(a)

     27,179         1,148,585   
     

 

 

 
Total Diversified Consumer Services               15,594,573   
Diversified Financial Services – 0.5%      

CBOE Holdings, Inc.(a)

     22,237         1,276,515   

Leucadia National Corp.(a)

     83,404         1,859,075   

MSCI, Inc.

     34,508         2,115,685   

NASDAQ OMX Group, Inc. (The)(a)

     43,516         2,216,705   

Voya Financial, Inc.

     4,816         207,618   
     

 

 

 
Total Diversified Financial Services               7,675,598   
Diversified Telecommunication Services – 2.3%      

Frontier Communications Corp.(a)

     2,417,108         17,040,611   

Windstream Holdings, Inc.

     2,686,110         19,877,214   
     

 

 

 
Total Diversified Telecommunication Services         36,917,825   
Electric Utilities – 3.6%      

Cleco Corp.

     67,583         3,684,625   

Great Plains Energy, Inc.

     214,193         5,714,669   

Hawaiian Electric Industries, Inc.

     145,240         4,665,109   

IDACORP, Inc.(a)

     57,047         3,586,545   

ITC Holdings Corp.

     98,465         3,685,545   

OGE Energy Corp.(a)

     218,578         6,909,251   

Pepco Holdings, Inc.

     385,462         10,341,945   
     

Pinnacle West Capital Corp.

     150,972       $ 9,624,465   

Portland General Electric Co.(a)

     87,422         3,242,482   

Westar Energy, Inc.(a)

     175,329         6,795,752   
     

 

 

 
Total Electric Utilities               58,250,388   
Electrical Equipment – 0.7%      

Acuity Brands, Inc.

     6,398         1,075,888   

Babcock & Wilcox Co. (The)

     57,662         1,850,374   

EnerSys(a)

     20,964         1,346,727   

Hubbell, Inc. Class B

     42,574         4,666,962   

Regal-Beloit Corp.

     21,771         1,739,938   
     

 

 

 
Total Electrical Equipment               10,679,889   
Electronic Equipment, Instruments & Components – 1.0%      

Avnet, Inc.

     77,187         3,434,822   

Belden, Inc.

     3,958         370,310   

CDW Corp.

     51,223         1,907,545   

FEI Co.

     17,747         1,354,806   

FLIR Systems, Inc.

     66,663         2,085,219   

Jabil Circuit, Inc.

     121,516         2,841,044   

National Instruments Corp.(a)

     93,411         2,992,888   

SYNNEX Corp.(a)

     10,877         840,248   
     

 

 

 
Total Electronic Equipment, Instruments & Components         15,826,882   
Energy Equipment & Services – 2.3%      

Diamond Offshore Drilling, Inc.(a)

     542,610         14,536,522   

Helmerich & Payne, Inc.(a)

     186,275         12,679,739   

Oceaneering International, Inc.

     72,654         3,918,230   

RPC, Inc.(a)

     294,998         3,778,925   

Superior Energy Services, Inc.(a)

     104,347         2,331,112   
     

 

 

 
Total Energy Equipment & Services               37,244,528   
Food & Staples Retailing – 0.1%      

Casey’s General Stores, Inc.

     13,294         1,197,789   

PriceSmart, Inc.(a)

     8,766         744,935   
     

 

 

 
Total Food & Staples Retailing               1,942,724   
Food Products – 2.0%      

Flowers Foods, Inc.(a)

     221,461         5,036,023   

Ingredion, Inc.

     55,454         4,315,430   

J.M. Smucker Co. (The)(a)

     99,279         11,489,559   

McCormick & Co., Inc. Non-Voting Shares(a)

     90,010         6,940,671   

Pinnacle Foods, Inc.

     120,536         4,919,074   
     

 

 

 
Total Food Products               32,700,757   
Gas Utilities – 2.2%      

AGL Resources, Inc.

     172,274         8,553,404   

Atmos Energy Corp.

     110,985         6,137,471   

National Fuel Gas Co.(a)

     73,276         4,420,741   

Piedmont Natural Gas Co., Inc.

     99,747         3,681,662   

Questar Corp.

     206,365         4,923,869   

Southwest Gas Corp.

     44,679         2,598,977   

UGI Corp.

     153,126         4,990,376   
     

 

 

 
Total Gas Utilities               35,306,500   
Health Care Equipment & Supplies – 1.0%      

Cooper Cos., Inc. (The)

     691         129,507   

DENTSPLY International, Inc.

     26,390         1,342,987   

 

See Notes to Financial Statements.

 

46   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

ResMed, Inc.(a)

     109,951       $ 7,892,283   

STERIS Corp.(a)

     31,698         2,227,418   

Teleflex, Inc.(a)

     18,861         2,278,975   

West Pharmaceutical Services, Inc.

     21,861         1,316,251   
     

 

 

 
Total Health Care Equipment & Supplies               15,187,421   
Health Care Providers & Services – 1.3%      

HealthSouth Corp.

     74,572         3,308,014   

Omnicare, Inc.

     42,041         3,239,680   

Patterson Cos., Inc.(a)

     67,104         3,274,004   

Quest Diagnostics, Inc.(a)

     113,202         8,699,574   

Universal Health Services, Inc. Class B

     13,030         1,533,761   
     

 

 

 
Total Health Care Providers & Services               20,055,033   
Hotels, Restaurants & Leisure – 3.7%      

Aramark

     106,552         3,370,240   

Brinker International, Inc.

     48,013         2,955,680   

Choice Hotels International, Inc.

     30,207         1,935,363   

Cracker Barrel Old Country Store, Inc.(a)

     27,462         4,178,069   

Darden Restaurants, Inc.(a)

     192,067         13,317,926   

Domino’s Pizza, Inc.

     21,859         2,197,922   

Dunkin’ Brands Group, Inc.(a)

     78,443         3,730,749   

International Game Technology

     242,965         4,230,021   

Jack in the Box, Inc.

     14,898         1,429,016   

Six Flags Entertainment Corp.(a)

     177,718         8,603,328   

Vail Resorts, Inc.

     25,218         2,608,046   

Wendy’s Co. (The)

     351,467         3,830,990   

Wyndham Worldwide Corp.

     78,541         7,105,604   
     

 

 

 
Total Hotels, Restaurants & Leisure               59,492,954   
Household Durables – 2.2%      

D.R. Horton, Inc.

     144,758         4,122,708   

Harman International Industries, Inc.

     32,792         4,381,995   

Leggett & Platt, Inc.(a)

     154,850         7,137,036   

Lennar Corp. Class A(a)

     25,121         1,301,519   

Newell Rubbermaid, Inc.

     200,615         7,838,028   

PulteGroup, Inc.

     221,342         4,920,433   

Tupperware Brands Corp.(a)

     81,663         5,636,380   
     

 

 

 
Total Household Durables               35,338,099   
Household Products – 0.9%      

Church & Dwight Co., Inc.

     82,149         7,017,167   

Energizer Holdings, Inc.

     37,252         5,142,639   

Spectrum Brands Holdings, Inc.

     25,287         2,264,704   
     

 

 

 
Total Household Products               14,424,510   
Independent Power and Renewable Electricity Producers – 0.7%   

AES Corp.

     404,226         5,194,304   

NRG Energy, Inc.

     267,313         6,733,615   
     

 

 

 
Total Independent Power and Renewable Electricity Producers               11,927,919   
Industrial Conglomerates – 0.2%      

Carlisle Cos., Inc.

     28,303         2,621,707   
Insurance – 3.4%      

American Financial Group, Inc.

     29,751         1,908,527   

American National Insurance Co.

     14,787         1,454,893   
     

AmTrust Financial Services, Inc.(a)

     25,751       $ 1,467,421   

Arthur J. Gallagher & Co.

     99,191         4,637,179   

Assurant, Inc.

     23,073         1,416,913   

Brown & Brown, Inc.(a)

     39,925         1,321,917   

Cincinnati Financial Corp.(a)

     112,393         5,988,299   

CNA Financial Corp.

     141,973         5,881,941   

CNO Financial Group, Inc.

     62,567         1,077,404   

Erie Indemnity Co. Class A(a)

     25,906         2,260,558   

First American Financial Corp.(a)

     62,558         2,232,069   

FNF Group

     128,341         4,717,815   

Hanover Insurance Group, Inc. (The)

     18,468         1,340,407   

HCC Insurance Holdings, Inc.

     43,338         2,455,964   

Mercury General Corp.(a)

     49,772         2,874,333   

Old Republic International Corp.

     269,207         4,021,953   

Primerica, Inc.

     9,391         478,002   

Reinsurance Group of America, Inc.

     21,981         2,048,409   

StanCorp Financial Group, Inc.

     16,861         1,156,665   

Torchmark Corp.(a)

     25,180         1,382,886   

Unum Group

     103,812         3,501,579   

W.R. Berkley Corp.

     21,197         1,070,660   
     

 

 

 
Total Insurance               54,695,794   
Internet & Catalog Retail – 0.4%      

Expedia, Inc.(a)

     35,306         3,323,354   

HSN, Inc.

     36,678         2,502,540   
     

 

 

 
Total Internet & Catalog Retail               5,825,894   
Internet Software & Services – 0.4%      

IAC/InterActiveCorp

     64,258         4,335,487   

j2 Global, Inc.(a)

     34,608         2,273,054   
     

 

 

 
Total Internet Software & Services               6,608,541   
IT Services – 2.7%      

Booz Allen Hamilton Holding Corp.

     96,592         2,795,372   

Broadridge Financial Solutions, Inc.

     110,740         6,091,807   

Computer Sciences Corp.

     79,398         5,183,101   

DST Systems, Inc.

     18,292         2,025,107   

Global Payments, Inc.

     2,542         233,051   

Jack Henry & Associates, Inc.

     44,139         3,084,875   

Leidos Holdings, Inc.

     83,826         3,517,339   

MAXIMUS, Inc.

     8,547         570,598   

Sabre Corp.(a)

     186,715         4,537,175   

Total System Services, Inc.

     86,718         3,308,292   

Western Union Co. (The)(a)

     579,874         12,067,178   
     

 

 

 
Total IT Services         43,413,895   
Leisure Products – 1.9%      

Brunswick Corp.(a)

     35,968         1,850,554   

Hasbro, Inc.(a)

     145,081         9,174,922   

Mattel, Inc.(a)

     632,423         14,450,866   

Polaris Industries, Inc.(a)

     33,171         4,680,428   
     

 

 

 
Total Leisure Products         30,156,770   
Life Sciences Tools & Services – 0.2%      

Bio-Techne Corp.

     19,292         1,934,795   

PerkinElmer, Inc.

     28,909         1,478,406   
     

 

 

 
Total Life Sciences Tools & Services         3,413,201   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      47   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Machinery – 4.2%      

AGCO Corp.(a)

     36,313       $ 1,729,951   

Allison Transmission Holdings, Inc.

     124,973         3,991,638   

CLARCOR, Inc.(a)

     23,623         1,560,535   

Crane Co.

     54,824         3,421,566   

Donaldson Co., Inc.(a)

     93,746         3,535,162   

Flowserve Corp.(a)

     59,636         3,368,838   

Graco, Inc.(a)

     31,911         2,302,698   

IDEX Corp.

     45,501         3,450,341   

ITT Corp.

     39,841         1,590,054   

Joy Global, Inc.(a)

     63,402         2,484,090   

Kennametal, Inc.(a)

     63,077         2,125,064   

Lincoln Electric Holdings, Inc.

     50,876         3,326,782   

Manitowoc Co., Inc. (The)(a)

     22,364         482,168   

Nordson Corp.(a)

     27,246         2,134,452   

Oshkosh Corp.(a)

     45,223         2,206,430   

Pall Corp.

     52,633         5,283,827   

Snap-on, Inc.

     34,975         5,143,423   

SPX Corp.

     28,824         2,447,157   

Terex Corp.(a)

     31,476         836,947   

Timken Co. (The)

     83,217         3,506,764   

Toro Co. (The)

     27,697         1,942,114   

Trinity Industries, Inc.(a)

     86,235         3,062,205   

Valmont Industries, Inc.(a)

     10,843         1,332,388   

Wabtec Corp.

     10,424         990,384   

Woodward, Inc.

     16,120         822,281   

Xylem, Inc.

     96,991         3,396,625   
     

 

 

 
Total Machinery         66,473,884   
Media – 2.4%      

Cablevision Systems Corp. Class A(a)

     251,256         4,597,985   

Cinemark Holdings, Inc.

     121,051         5,455,769   

Gannett Co., Inc.(a)

     222,473         8,249,299   

Interpublic Group of Cos., Inc. (The)

     305,678         6,761,597   

John Wiley & Sons, Inc. Class A

     38,217         2,336,587   

Morningstar, Inc.(a)

     18,085         1,354,747   

Regal Entertainment Group Class A(a)

     210,434         4,806,313   

Scripps Networks Interactive, Inc. Class A(a)

     40,705         2,790,735   

Viacom, Inc. Class A

     34,264         2,353,594   
     

 

 

 
Total Media         38,706,626   
Metals & Mining – 1.2%      

Allegheny Technologies, Inc.(a)

     96,681         2,901,397   

Compass Minerals International, Inc.(a)

     36,923         3,441,593   

Newmont Mining Corp.

     97,744         2,122,022   

Reliance Steel & Aluminum Co.

     70,337         4,296,184   

Royal Gold, Inc.(a)

     32,126         2,027,472   

Steel Dynamics, Inc.

     205,623         4,133,022   

United States Steel Corp.(a)

     38,523         939,961   
     

 

 

 
Total Metals & Mining         19,861,651   
Multi-Utilities – 5.4%      

Alliant Energy Corp.

     134,303         8,461,089   

Ameren Corp.

     350,055         14,772,321   

CenterPoint Energy, Inc.(a)

     700,746         14,302,226   

CMS Energy Corp.

     335,750         11,721,032   
     

Integrys Energy Group, Inc.

     110,202       $ 7,936,748   

MDU Resources Group, Inc.

     245,795         5,245,265   

SCANA Corp.(a)

     199,321         10,960,662   

TECO Energy, Inc.(a)

     403,914         7,835,932   

Vectren Corp.

     107,385         4,739,974   
     

 

 

 
Total Multi-Utilities         85,975,249   
Multiline Retail – 0.5%      

Big Lots, Inc.(a)

     35,684         1,713,903   

Dillard’s, Inc. Class A

     3,037         414,581   

Family Dollar Stores, Inc.

     67,385         5,339,587   
     

 

 

 
Total Multiline Retail         7,468,071   
Oil, Gas & Consumable Fuels – 3.9%      

Cimarex Energy Co.

     21,417         2,464,882   

CONSOL Energy, Inc.(a)

     63,055         1,758,604   

CVR Energy, Inc.(a)

     249,695         10,627,019   

Denbury Resources, Inc.(a)

     521,351         3,800,649   

Energen Corp.

     4,351         287,166   

HollyFrontier Corp.

     253,532         10,209,734   

Murphy Oil Corp.

     208,972         9,738,095   

Peabody Energy Corp.(a)

     474,770         2,335,868   

QEP Resources, Inc.(a)

     27,162         566,328   

SemGroup Corp. Class A

     30,894         2,512,918   

SM Energy Co.

     7,925         409,564   

Targa Resources Corp.

     50,253         4,813,735   

Tesoro Corp.

     76,640         6,996,465   

Western Refining, Inc.

     120,410         5,947,050   

World Fuel Services Corp.

     8,487         487,833   
     

 

 

 
Total Oil, Gas & Consumable Fuels               62,955,910   
Personal Products – 0.2%      

Avon Products, Inc.(a)

     414,587         3,312,550   
Professional Services – 1.1%      

Dun & Bradstreet Corp. (The)(a)

     20,769         2,665,909   

Equifax, Inc.

     57,049         5,305,557   

Manpowergroup, Inc.

     45,755         3,941,793   

Robert Half International, Inc.

     64,985         3,932,892   

Towers Watson & Co. Class A

     14,230         1,880,993   
     

 

 

 
Total Professional Services               17,727,144   
Real Estate Investment Trusts (REITs) – 15.3%      

Alexandria Real Estate Equities, Inc.

     46,898         4,597,880   

American Campus Communities, Inc.

     79,022         3,387,673   

American Homes 4 Rent Class A

     48,582         804,032   

Apartment Investment & Management Co. Class A

     83,318         3,279,396   

BioMed Realty Trust, Inc.(a)

     184,126         4,172,295   

Brandywine Realty Trust(a)

     137,544         2,197,953   

Brixmor Property Group, Inc.

     219,672         5,832,292   

Camden Property Trust(a)

     62,020         4,845,623   

CBL & Associates Properties, Inc.(a)

     186,812         3,698,878   

Columbia Property Trust, Inc.(a)

     117,863         3,184,658   

Corrections Corp. of America

     128,763         5,183,998   

CubeSmart

     77,468         1,870,852   

DCT Industrial Trust, Inc.

     57,487         1,992,499   

 

See Notes to Financial Statements.

 

48   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

DDR Corp.(a)

     248,239       $ 4,622,210   

DiamondRock Hospitality Co.

     105,449         1,489,994   

Digital Realty Trust, Inc.(a)

     134,271         8,856,515   

Douglas Emmett, Inc.

     83,493         2,488,926   

Duke Realty Corp.

     239,393         5,211,586   

EPR Properties

     69,730         4,185,892   

Equity Lifestyle Properties, Inc.

     43,715         2,402,139   

Equity One, Inc.

     88,912         2,373,061   

Extra Space Storage, Inc.

     74,624         5,042,344   

Federal Realty Investment Trust(a)

     35,906         5,285,722   

Gaming and Leisure Properties, Inc. REIT(a)

     161,507         5,954,763   

Geo Group, Inc. (The)

     93,498         4,089,603   

Healthcare Trust of America, Inc. Class A(a)

     108,700         3,028,382   

Highwoods Properties, Inc.

     71,160         3,257,705   

Home Properties, Inc.

     51,526         3,570,237   

Hospitality Properties Trust

     188,906         6,232,009   

Iron Mountain, Inc.(a)

     200,622         7,318,691   

Kilroy Realty Corp.

     33,675         2,565,025   

Kimco Realty Corp.

     310,096         8,326,078   

Lamar Advertising Co. Class A

     191,360         11,341,907   

LaSalle Hotel Properties

     77,728         3,020,510   

Liberty Property Trust

     156,502         5,587,121   

Mid-America Apartment Communities, Inc.

     59,568         4,602,819   

National Retail Properties, Inc.

     114,621         4,696,022   

Omega Healthcare Investors, Inc.(a)

     135,231         5,486,322   

Outfront Media, Inc.

     131,208         3,925,743   

Pebblebrook Hotel Trust

     29,637         1,380,195   

Piedmont Office Realty Trust, Inc. Class A

     139,903         2,603,595   

Plum Creek Timber Co., Inc.

     149,134         6,479,872   

Post Properties, Inc.

     29,456         1,676,930   

Rayonier, Inc.(a)

     94,600         2,550,416   

Realty Income Corp.(a)

     209,550         10,812,780   

Regency Centers Corp.

     56,071         3,815,071   

Retail Properties of America, Inc. Class A

     193,735         3,105,572   

RLJ Lodging Trust

     95,025         2,975,233   

Senior Housing Properties Trust

     279,692         6,206,365   

Sovran Self Storage, Inc.

     21,183         1,989,931   

Spirit Realty Capital, Inc.

     453,012         5,472,385   

Sun Communities, Inc.(a)

     41,270         2,753,534   

Sunstone Hotel Investors, Inc.

     50,316         838,768   

Tanger Factory Outlet Centers, Inc.(a)

     50,280         1,768,348   

Taubman Centers, Inc.

     36,697         2,830,440   

UDR, Inc.

     169,818         5,778,907   

W.P. Carey, Inc.

     111,483         7,580,844   

Weingarten Realty Investors(a)

     92,771         3,337,901   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               243,966,442   
Real Estate Management & Development – 0.0%      

Jones Lang LaSalle, Inc.

     3,071         523,298   
Road & Rail – 0.6%      

Con-way, Inc.

     27,795         1,226,593   

JB Hunt Transport Services, Inc.(a)

     43,480         3,712,975   

Knight Transportation, Inc.

     23,331         752,425   

Landstar System, Inc.(a)

     7,710         511,173   
     

Ryder System, Inc.

     33,756       $ 3,203,107   
     

 

 

 
Total Road & Rail               9,406,273   
Semiconductors & Semiconductor Equipment – 1.7%      

Maxim Integrated Products, Inc.

     390,683         13,599,675   

Microchip Technology, Inc.(a)

     247,655         12,110,330   

Teradyne, Inc.

     100,613         1,896,555   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         27,606,560   
Software – 0.4%      

FactSet Research Systems, Inc.(a)

     18,253         2,905,878   

Solera Holdings, Inc.

     41,355         2,136,399   

SS&C Technologies Holdings, Inc.

     29,178         1,817,789   
     

 

 

 
Total Software               6,860,066   
Specialty Retail – 3.0%      

Advance Auto Parts, Inc.

     4,080         610,735   

American Eagle Outfitters, Inc.(a)

     277,342         4,737,001   

CST Brands, Inc.

     16,776         735,292   

Dick’s Sporting Goods, Inc.

     37,478         2,135,871   

DSW, Inc. Class A

     64,004         2,360,468   

Foot Locker, Inc.(a)

     84,859         5,346,117   

GameStop Corp. Class A(a)

     173,329         6,579,569   

GNC Holdings, Inc. Class A

     49,956         2,451,341   

Penske Automotive Group, Inc.

     60,100         3,094,549   

Staples, Inc.

     704,245         11,468,630   

Tractor Supply Co.

     41,978         3,570,649   

Williams-Sonoma, Inc.

     64,269         5,122,882   
     

 

 

 
Total Specialty Retail               48,213,104   
Textiles, Apparel & Luxury Goods – 1.4%      

Carter’s, Inc.

     19,373         1,791,421   

Coach, Inc.(a)

     399,028         16,531,730   

Columbia Sportswear Co.(a)

     35,575         2,166,517   

PVH Corp.(a)

     3,489         371,788   

Wolverine World Wide, Inc.(a)

     31,515         1,054,177   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         21,915,633   
Thrifts & Mortgage Finance – 1.1%      

Hudson City Bancorp, Inc.

     177,534         1,860,556   

New York Community Bancorp, Inc.(a)

     564,638         9,446,394   

People’s United Financial, Inc.(a)

     277,508         4,218,122   

Radian Group, Inc.(a)

     3,208         53,862   

TFS Financial Corp.

     112,416         1,650,267   
     

 

 

 
Total Thrifts & Mortgage Finance               17,229,201   
Trading Companies & Distributors – 0.6%      

Air Lease Corp.(a)

     18,450         696,303   

GATX Corp.

     41,335         2,396,603   

MSC Industrial Direct Co., Inc. Class A(a)

     37,737         2,724,612   

Watsco, Inc.(a)

     26,559         3,338,466   
     

 

 

 
Total Trading Companies & Distributors         9,155,984   
Water Utilities – 0.8%      

American Water Works Co., Inc.

     159,740         8,659,505   

Aqua America, Inc.(a)

     169,527         4,467,037   
     

 

 

 
Total Water Utilities               13,126,542   

TOTAL COMMON STOCKS

(Cost: $1,423,289,108)

              1,589,113,310   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      49   


Table of Contents

Schedule of Investments (concluded)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree LargeCap Dividend Fund(b)

(Cost: $2,745,418)

     37,373       $ 2,739,441   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 21.1%      
United States – 21.1%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $336,632,911)(d)      336,632,911         336,632,911   

TOTAL INVESTMENTS IN SECURITIES – 120.8%

(Cost: $1,762,667,437)

  

  

     1,928,485,662   

Liabilities in Excess of Cash and Other Assets – (20.8)%

  

     (332,589,920
     

 

 

 
NET ASSETS – 100.0%             $ 1,595,895,742   
(a)

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c)

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $369,701,609 and the total market value of the collateral held by the Fund was $378,618,704. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $41,985,793. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

50   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.5%      
United States – 99.5%      
Aerospace & Defense – 2.2%      

Curtiss-Wright Corp.

     17,225       $ 1,273,616   

DigitalGlobe, Inc.*

     4,159         141,697   

Esterline Technologies Corp.*

     11,107         1,270,863   

Exelis, Inc.

     98,675         2,404,710   

HEICO Corp.(a)

     13,722         838,002   

Hexcel Corp.(a)

     33,993         1,747,920   

Huntington Ingalls Industries, Inc.

     22,853         3,202,848   

Moog, Inc. Class A*

     16,156         1,212,508   

Orbital ATK, Inc.

     25,997         1,992,150   

Teledyne Technologies, Inc.*

     13,275         1,416,841   

Triumph Group, Inc.(a)

     16,512         986,097   
     

 

 

 
Total Aerospace & Defense         16,487,252   
Airlines – 0.6%      

Allegiant Travel Co.(a)

     4,764         916,069   

JetBlue Airways Corp.*(a)

     81,560         1,570,030   

Spirit Airlines, Inc.*

     20,247         1,566,308   
     

 

 

 
Total Airlines         4,052,407   
Auto Components – 1.2%      

Cooper Tire & Rubber Co.

     38,993         1,670,460   

Dana Holding Corp.(a)

     62,013         1,312,195   

Federal-Mogul Holdings Corp.*(a)

     2,158         28,723   

Gentex Corp.

     105,243         1,925,947   

Tenneco, Inc.*

     33,663         1,932,929   

Visteon Corp.*

     16,759         1,615,568   
     

 

 

 
Total Auto Components         8,485,822   
Automobiles – 0.2%      

Thor Industries, Inc.

     21,439         1,355,159   
Banks – 6.7%      

Associated Banc-Corp.(a)

     60,158         1,118,939   

BancorpSouth, Inc.(a)

     36,597         849,782   

Bank of Hawaii Corp.(a)

     17,676         1,081,948   

Bank of the Ozarks, Inc.(a)

     18,559         685,384   

BankUnited, Inc.

     44,974         1,472,449   

BOK Financial Corp.(a)

     31,999         1,958,979   

Cathay General Bancorp

     34,471         980,700   

City National Corp.

     17,394         1,549,457   

Commerce Bancshares, Inc.(a)

     37,833         1,601,093   

Cullen/Frost Bankers, Inc.(a)

     23,419         1,617,784   

East West Bancorp, Inc.

     54,636         2,210,572   

First Citizens BancShares, Inc. Class A

     2,710         703,760   

First Financial Bankshares, Inc.(a)

     18,531         512,197   

First Horizon National Corp.(a)

     126,606         1,809,200   

First Niagara Financial Group, Inc.

     170,490         1,507,132   

First Republic Bank(a)

     54,153         3,091,595   

FirstMerit Corp.

     79,660         1,518,320   

FNB Corp.

     63,363         832,590   

Fulton Financial Corp.

     85,406         1,053,910   

Glacier Bancorp, Inc.

     25,846         650,027   

Hancock Holding Co.

     36,423         1,087,591   
     

Home BancShares, Inc.

     20,017       $ 678,376   

Iberiabank Corp.

     9,471         596,957   

Investors Bancorp, Inc.(a)

     66,022         773,778   

MB Financial, Inc.

     14,814         463,826   

PacWest Bancorp(a)

     13,879         650,786   

PrivateBancorp, Inc.

     29,783         1,047,468   

Prosperity Bancshares, Inc.

     32,795         1,721,082   

Signature Bank*

     14,737         1,909,620   

Susquehanna Bancshares, Inc.

     72,972         1,000,446   

SVB Financial Group*

     15,280         1,941,171   

Synovus Financial Corp.

     43,692         1,223,813   

TCF Financial Corp.

     70,657         1,110,728   

Texas Capital Bancshares, Inc.*

     14,144         688,106   

UMB Financial Corp.(a)

     15,405         814,770   

Umpqua Holdings Corp.(a)

     46,009         790,435   

United Bankshares, Inc.(a)

     20,201         759,154   

Valley National Bancorp(a)

     81,964         773,740   

Webster Financial Corp.

     36,609         1,356,363   

Western Alliance Bancorp*

     32,823         972,874   

Wintrust Financial Corp.

     20,127         959,655   

Zions Bancorp

     46,478         1,254,906   
     

 

 

 
Total Banks         49,381,463   
Beverages – 0.1%      

Boston Beer Co., Inc. (The) Class A*(a)

     2,130         569,562   
Biotechnology – 0.4%      

Myriad Genetics, Inc.*(a)

     26,275         930,135   

United Therapeutics Corp.*

     9,762         1,683,310   
     

 

 

 
Total Biotechnology         2,613,445   
Building Products – 0.9%      

A.O. Smith Corp.

     25,341         1,663,890   

Armstrong World Industries, Inc.*

     10,402         597,803   

Lennox International, Inc.

     14,364         1,604,315   

Owens Corning

     44,127         1,915,112   

USG Corp.*(a)

     20,310         542,277   
     

 

 

 
Total Building Products         6,323,397   
Capital Markets – 2.1%      

Cohen & Steers, Inc.(a)

     12,088         495,004   

E*TRADE Financial Corp.*

     85,192         2,432,657   

Eaton Vance Corp.

     47,265         1,968,115   

Federated Investors, Inc. Class B(a)

     27,261         923,875   

GAMCO Investors, Inc. Class A(a)

     8,662         680,054   

Janus Capital Group, Inc.(a)

     57,685         991,605   

Legg Mason, Inc.

     28,790         1,589,208   

LPL Financial Holdings, Inc.(a)

     25,950         1,138,167   

SEI Investments Co.

     48,167         2,123,683   

Stifel Financial Corp.*(a)

     22,959         1,279,964   

Waddell & Reed Financial, Inc. Class A

     44,448         2,201,954   
     

 

 

 
Total Capital Markets         15,824,286   
Chemicals – 2.7%      

Albemarle Corp.

     41,798         2,208,606   

Axiall Corp.

     17,422         817,789   

Balchem Corp.

     4,705         260,563   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      51   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Cabot Corp.

     27,739       $ 1,248,255   

Chemtura Corp.*

     28,671         782,432   

Cytec Industries, Inc.

     26,177         1,414,605   

H.B. Fuller Co.

     9,710         416,268   

Huntsman Corp.(a)

     125,581         2,784,131   

Minerals Technologies, Inc.

     9,556         698,544   

NewMarket Corp.(a)

     4,061         1,940,346   

Olin Corp.

     19,076         611,195   

PolyOne Corp.(a)

     13,858         517,596   

RPM International, Inc.

     38,503         1,847,759   

Scotts Miracle-Gro Co. (The) Class A

     20,256         1,360,595   

Sensient Technologies Corp.

     9,879         680,465   

Valhi, Inc.(a)

     62,638         390,235   

Valspar Corp. (The)(a)

     27,166         2,282,759   
     

 

 

 
Total Chemicals         20,262,143   
Commercial Services & Supplies – 2.3%      

ADT Corp. (The)(a)

     65,385         2,714,785   

Clean Harbors, Inc.*(a)

     12,086         686,243   

Copart, Inc.*

     34,365         1,291,093   

Covanta Holding Corp.

     7,468         167,507   

Deluxe Corp.

     20,196         1,399,179   

Healthcare Services Group, Inc.(a)

     2,858         91,828   

HNI Corp.

     9,586         528,860   

KAR Auction Services, Inc.

     19,321         732,845   

Mobile Mini, Inc.(a)

     7,450         317,668   

MSA Safety, Inc.

     10,003         498,950   

Pitney Bowes, Inc.

     89,029         2,076,156   

R.R. Donnelley & Sons Co.(a)

     73,412         1,408,776   

Rollins, Inc.

     41,264         1,020,446   

Steelcase, Inc. Class A

     35,307         668,715   

UniFirst Corp.

     7,024         826,655   

Waste Connections, Inc.

     34,625         1,666,847   

West Corp.

     33,248         1,121,455   
     

 

 

 
Total Commercial Services & Supplies         17,218,008   
Communications Equipment – 1.1%      

Arista Networks, Inc.*

     6,490         457,740   

ARRIS Group, Inc.*

     35,204         1,017,219   

Brocade Communications Systems, Inc.

     183,113         2,172,636   

CommScope Holding Co., Inc.*

     53,942         1,539,505   

EchoStar Corp. Class A*

     15,007         776,162   

Plantronics, Inc.(a)

     14,162         749,878   

Riverbed Technology, Inc.*

     9,904         207,092   

Ubiquiti Networks, Inc.(a)

     38,076         1,125,146   
     

 

 

 
Total Communications Equipment         8,045,378   
Construction & Engineering – 1.1%      

AECOM*(a)

     45,540         1,403,543   

EMCOR Group, Inc.

     26,029         1,209,568   

Jacobs Engineering Group, Inc.*

     52,152         2,355,184   

MasTec, Inc.*

     46,774         902,738   

Quanta Services, Inc.*

     79,874         2,278,805   
     

 

 

 
Total Construction & Engineering         8,149,838   
     
Construction Materials – 0.1%      

Eagle Materials, Inc.

     12,967       $ 1,083,523   
Consumer Finance – 1.7%      

Credit Acceptance Corp.*(a)

     11,260         2,195,700   

Nelnet, Inc. Class A

     43,854         2,075,171   

PRA Group, Inc.*(a)

     19,099         1,037,458   

Santander Consumer USA Holdings, Inc.

     224,084         5,185,304   

SLM Corp.

     107,571         998,259   

Springleaf Holdings, Inc.*(a)

     16,438         850,995   
     

 

 

 
Total Consumer Finance         12,342,887   
Containers & Packaging – 2.1%      

AptarGroup, Inc.(a)

     19,516         1,239,656   

Avery Dennison Corp.

     29,948         1,584,549   

Bemis Co., Inc.

     36,869         1,707,403   

Berry Plastics Group, Inc.*

     13,375         484,041   

Crown Holdings, Inc.*

     62,699         3,387,000   

Graphic Packaging Holding Co.

     110,080         1,600,563   

Greif, Inc. Class A

     14,552         571,457   

Owens-Illinois, Inc.*

     85,705         1,998,641   

Silgan Holdings, Inc.

     21,942         1,275,489   

Sonoco Products Co.

     38,546         1,752,301   
     

 

 

 
Total Containers & Packaging         15,601,100   
Distributors – 0.1%      

Pool Corp.(a)

     11,484         801,124   
Diversified Consumer Services – 0.7%      

Apollo Education Group, Inc.*

     47,111         891,340   

Bright Horizons Family Solutions, Inc.*

     10,846         556,074   

DeVry Education Group, Inc.

     22,984         766,746   

Graham Holdings Co. Class B

     1,128         1,183,983   

Grand Canyon Education, Inc.*

     15,503         671,280   

Service Corp. International

     5,754         149,892   

ServiceMaster Global Holdings, Inc.*

     3,812         128,655   

Sotheby’s(a)

     21,571         911,591   
     

 

 

 
Total Diversified Consumer Services         5,259,561   
Diversified Financial Services – 0.4%      

CBOE Holdings, Inc.

     18,489         1,061,361   

MarketAxess Holdings, Inc.

     6,323         524,177   

MSCI, Inc.

     27,350         1,676,828   
     

 

 

 
Total Diversified Financial Services         3,262,366   
Diversified Telecommunication Services – 0.1%      

Windstream Holdings, Inc.

     93,073         688,740   
Electric Utilities – 2.4%      

ALLETE, Inc.

     16,368         863,576   

Cleco Corp.

     20,123         1,097,106   

Great Plains Energy, Inc.

     65,970         1,760,080   

Hawaiian Electric Industries, Inc.

     32,845         1,054,981   

IDACORP, Inc.(a)

     19,787         1,244,009   

ITC Holdings Corp.(a)

     45,844         1,715,941   

NRG Yield, Inc. Class A(a)

     2,749         139,457   

Pepco Holdings, Inc.

     69,046         1,852,504   

Pinnacle West Capital Corp.

     39,651         2,527,751   

 

See Notes to Financial Statements.

 

52   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

PNM Resources, Inc.

     23,736       $ 693,091   

Portland General Electric Co.(a)

     33,311         1,235,505   

UIL Holdings Corp.

     19,632         1,009,477   

Westar Energy, Inc.(a)

     57,506         2,228,933   
     

 

 

 
Total Electric Utilities         17,422,411   
Electrical Equipment – 1.4%      

Acuity Brands, Inc.

     8,816         1,482,499   

Babcock & Wilcox Co. (The)

     66,663         2,139,216   

EnerSys(a)

     22,834         1,466,856   

Generac Holdings, Inc.*(a)

     25,244         1,229,130   

Hubbell, Inc. Class B

     20,817         2,281,959   

Polypore International, Inc.*

     4,222         248,676   

Regal-Beloit Corp.

     15,123         1,208,630   
     

 

 

 
Total Electrical Equipment         10,056,966   
Electronic Equipment, Instruments & Components – 3.5%      

Anixter International, Inc.*

     16,900         1,286,597   

Arrow Electronics, Inc.*

     58,422         3,572,505   

Avnet, Inc.

     83,962         3,736,309   

AVX Corp.

     73,886         1,054,353   

Belden, Inc.

     7,042         658,850   

CDW Corp.

     48,137         1,792,622   

Cognex Corp.*

     19,032         943,797   

Dolby Laboratories, Inc. Class A

     30,908         1,179,449   

FEI Co.

     8,297         633,393   

FLIR Systems, Inc.

     31,721         992,233   

Ingram Micro, Inc. Class A*

     62,806         1,577,687   

IPG Photonics Corp.*(a)

     15,785         1,463,269   

Jabil Circuit, Inc.

     1,871         43,744   

Littelfuse, Inc.

     7,304         725,945   

National Instruments Corp.

     24,539         786,230   

Sanmina Corp.*

     54,771         1,324,910   

SYNNEX Corp.(a)

     15,368         1,187,178   

Tech Data Corp.*

     21,160         1,222,413   

Vishay Intertechnology, Inc.(a)

     66,581         920,149   

Zebra Technologies Corp. Class A*

     11,135         1,010,112   
     

 

 

 
Total Electronic Equipment, Instruments & Components               26,111,745   
Energy Equipment & Services – 2.0%      

Atwood Oceanics, Inc.(a)

     76,364         2,146,592   

Bristow Group, Inc.

     13,151         716,072   

Diamond Offshore Drilling, Inc.(a)

     68,252         1,828,471   

Dresser-Rand Group, Inc.*

     8,849         711,017   

Dril-Quip, Inc.*(a)

     18,168         1,242,509   

Exterran Holdings, Inc.

     6,435         216,023   

Forum Energy Technologies, Inc.*

     59,811         1,172,296   

Helix Energy Solutions Group, Inc.*

     65,838         984,936   

Oceaneering International, Inc.

     46,178         2,490,380   

Oil States International, Inc.*

     21,516         855,691   

Patterson-UTI Energy, Inc.

     51,743         971,475   

RPC, Inc.(a)

     118,996         1,524,339   
     

 

 

 
Total Energy Equipment & Services         14,859,801   
     
Food & Staples Retailing – 1.1%      

Casey’s General Stores, Inc.

     9,932       $ 894,873   

Fresh Market, Inc. (The)*(a)

     7,490         304,394   

PriceSmart, Inc.(a)

     6,576         558,829   

Rite Aid Corp.*

     340,835         2,961,856   

Sprouts Farmers Market, Inc.*(a)

     21,436         755,190   

SUPERVALU, Inc.*

     141,335         1,643,726   

United Natural Foods, Inc.*(a)

     10,605         817,009   
     

 

 

 
Total Food & Staples Retailing         7,935,877   
Food Products – 1.9%      

Cal-Maine Foods, Inc.(a)

     20,991         819,908   

Darling Ingredients, Inc.*

     7,310         102,413   

Flowers Foods, Inc.

     64,111         1,457,884   

Hain Celestial Group, Inc. (The)*(a)

     14,839         950,438   

Ingredion, Inc.

     31,573         2,457,011   

J&J Snack Foods Corp.

     4,305         459,344   

Lancaster Colony Corp.

     7,037         669,711   

Pinnacle Foods, Inc.

     50,848         2,075,107   

Sanderson Farms, Inc.(a)

     14,826         1,180,891   

Seaboard Corp.*

     480         1,983,360   

Snyder’s-Lance, Inc.(a)

     12,449         397,870   

TreeHouse Foods, Inc.*

     6,488         551,610   

WhiteWave Foods Co. (The)*

     24,468         1,084,911   
     

 

 

 
Total Food Products               14,190,458   
Gas Utilities – 2.1%      

AGL Resources, Inc.

     62,242         3,090,315   

Atmos Energy Corp.

     39,642         2,192,203   

Laclede Group, Inc. (The)(a)

     10,263         525,671   

National Fuel Gas Co.(a)

     32,591         1,966,215   

New Jersey Resources Corp.

     31,640         982,738   

ONE Gas, Inc.

     15,879         686,449   

Piedmont Natural Gas Co., Inc.

     25,070         925,334   

Questar Corp.(a)

     67,364         1,607,305   

Southwest Gas Corp.

     17,540         1,020,302   

UGI Corp.

     61,091         1,990,956   

WGL Holdings, Inc.

     11,801         665,576   
     

 

 

 
Total Gas Utilities         15,653,064   
Health Care Equipment & Supplies – 0.8%      

Align Technology, Inc.*(a)

     17,623         947,853   

Globus Medical, Inc. Class A*

     25,424         641,702   

Hill-Rom Holdings, Inc.

     9,132         447,468   

NuVasive, Inc.*(a)

     457         21,017   

Sirona Dental Systems, Inc.*

     13,102         1,179,049   

STERIS Corp.

     12,176         855,608   

Teleflex, Inc.

     9,397         1,135,439   

West Pharmaceutical Services, Inc.

     14,994         902,789   
     

 

 

 
Total Health Care Equipment & Supplies               6,130,925   
Health Care Providers & Services – 2.2%      

Acadia Healthcare Co., Inc.*(a)

     7,557         541,081   

Amsurg Corp.*

     5,512         339,098   

Centene Corp.*

     26,396         1,865,933   

Community Health Systems, Inc.*

     12,326         644,403   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      53   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Envision Healthcare Holdings, Inc.*

     15,271       $ 585,643   

Health Net, Inc.*

     20,148         1,218,753   

HealthSouth Corp.(a)

     21,854         969,443   

LifePoint Hospitals, Inc.*

     12,830         942,364   

MEDNAX, Inc.*

     31,378         2,275,219   

Molina Healthcare, Inc.*

     2,318         155,978   

Omnicare, Inc.

     25,246         1,945,457   

Owens & Minor, Inc.(a)

     14,740         498,802   

Patterson Cos., Inc.

     29,623         1,445,306   

Team Health Holdings, Inc.*

     13,774         805,917   

VCA, Inc.*

     19,299         1,057,971   

WellCare Health Plans, Inc.*

     7,716         705,705   
     

 

 

 
Total Health Care Providers & Services         15,997,073   
Health Care Technology – 0.0%      

Medidata Solutions, Inc.*(a)

     360         17,655   

Veeva Systems, Inc. Class A*(a)

     7,195         183,688   
     

 

 

 
Total Health Care Technology         201,343   
Hotels, Restaurants & Leisure – 2.3%      

Bloomin’ Brands, Inc.

     36,750         894,128   

Brinker International, Inc.

     21,219         1,306,242   

Buffalo Wild Wings, Inc.*(a)

     3,707         671,857   

Cheesecake Factory, Inc. (The)(a)

     14,653         722,833   

Choice Hotels International, Inc.

     14,443         925,363   

Cracker Barrel Old Country Store, Inc.(a)

     6,827         1,038,660   

DineEquity, Inc.

     4,840         517,928   

Domino’s Pizza, Inc.

     10,878         1,093,783   

Dunkin’ Brands Group, Inc.(a)

     23,412         1,113,475   

International Game Technology

     102,758         1,789,017   

Jack in the Box, Inc.

     8,908         854,455   

Life Time Fitness, Inc.*

     14,418         1,023,101   

Marriott Vacations Worldwide Corp.

     7,784         630,893   

Panera Bread Co. Class A*(a)

     7,163         1,146,044   

Papa John’s International, Inc.

     8,090         500,043   

Six Flags Entertainment Corp.

     18,754         907,881   

Texas Roadhouse, Inc.

     16,995         619,128   

Vail Resorts, Inc.

     2,274         235,177   

Wendy’s Co. (The)(a)

     73,526         801,433   
     

 

 

 
Total Hotels, Restaurants & Leisure         16,791,441   
Household Durables – 1.4%      

Leggett & Platt, Inc.(a)

     30,337         1,398,232   

NVR, Inc.*

     1,498         1,990,333   

Standard Pacific Corp.*

     153,269         1,379,421   

Taylor Morrison Home Corp. Class A*

     27,412         571,540   

Tempur Sealy International, Inc.*(a)

     13,245         764,766   

Toll Brothers, Inc.*

     59,985         2,359,810   

TRI Pointe Homes, Inc.*(a)

     4,469         68,957   

Tupperware Brands Corp.(a)

     23,562         1,626,249   
     

 

 

 
Total Household Durables         10,159,308   
Household Products – 0.2%      

Spectrum Brands Holdings, Inc.

     14,960         1,339,818   
Industrial Conglomerates – 0.2%      

Carlisle Cos., Inc.

     19,284         1,786,277   
     
Insurance – 5.5%      

American Equity Investment Life Holding Co.

     31,579       $ 919,896   

American Financial Group, Inc.

     44,280         2,840,562   

American National Insurance Co.

     12,872         1,266,476   

AmTrust Financial Services, Inc.(a)

     45,953         2,618,632   

Assurant, Inc.

     46,464         2,853,354   

Brown & Brown, Inc.

     44,604         1,476,838   

CNO Financial Group, Inc.

     134,171         2,310,425   

First American Financial Corp.(a)

     39,147         1,396,765   

Genworth Financial, Inc. Class A*(a)

     183,520         1,341,531   

Hanover Insurance Group, Inc. (The)

     19,531         1,417,560   

HCC Insurance Holdings, Inc.

     48,304         2,737,388   

MBIA, Inc.*

     442,169         4,112,172   

Mercury General Corp.(a)

     17,314         999,884   

Old Republic International Corp.

     120,661         1,802,675   

Primerica, Inc.

     20,351         1,035,866   

ProAssurance Corp.

     24,515         1,125,484   

Reinsurance Group of America, Inc.(a)

     37,153         3,462,288   

RLI Corp.(a)

     16,060         841,705   

StanCorp Financial Group, Inc.

     20,809         1,427,497   

Symetra Financial Corp.

     62,003         1,454,590   

W.R. Berkley Corp.

     61,092         3,085,757   
     

 

 

 
Total Insurance         40,527,345   
Internet & Catalog Retail – 0.1%      

HSN, Inc.

     14,725         1,004,687   

zulily, Inc. Class A*(a)

     4,110         53,389   
     

 

 

 
Total Internet & Catalog Retail         1,058,076   
Internet Software & Services – 0.6%      

AOL, Inc.*

     15,025         595,140   

CoStar Group, Inc.*

     1,643         325,035   

GrubHub, Inc.*

     2,808         127,455   

HomeAway, Inc.*(a)

     2,758         83,209   

IAC/InterActiveCorp

     28,662         1,933,825   

j2 Global, Inc.

     12,269         805,828   

Rackspace Hosting, Inc.*(a)

     13,589         701,056   

Shutterstock, Inc.*(a)

     2,482         170,439   
     

 

 

 
Total Internet Software & Services         4,741,987   
IT Services – 3.2%      

Booz Allen Hamilton Holding Corp.

     57,848         1,674,121   

Broadridge Financial Solutions, Inc.

     36,912         2,030,529   

CACI International, Inc. Class A*

     9,883         888,679   

Convergys Corp.

     19,480         445,508   

CoreLogic, Inc.*

     19,918         702,508   

DST Systems, Inc.

     15,162         1,678,585   

EPAM Systems, Inc.*

     9,204         564,113   

Euronet Worldwide, Inc.*

     10,615         623,631   

Global Payments, Inc.

     20,250         1,856,520   

Heartland Payment Systems, Inc.

     8,603         403,051   

iGATE Corp.*

     12,027         513,072   

Jack Henry & Associates, Inc.

     21,219         1,482,996   

MAXIMUS, Inc.

     18,456         1,232,123   

Sabre Corp.(a)

     10,696         259,913   

 

See Notes to Financial Statements.

 

54   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Science Applications International Corp.

     16,002       $ 821,703   

Syntel, Inc.*(a)

     36,358         1,880,799   

Teradata Corp.*(a)

     57,896         2,555,529   

Total System Services, Inc.

     50,977         1,944,772   

Vantiv, Inc. Class A*

     19,540         736,658   

WEX, Inc.*(a)

     13,002         1,395,895   
     

 

 

 
Total IT Services         23,690,705   
Leisure Products – 1.0%      

Brunswick Corp.(a)

     106,093         5,458,485   

Vista Outdoor, Inc.*

     51,994         2,226,383   
     

 

 

 
Total Leisure Products         7,684,868   
Life Sciences Tools & Services – 0.8%      

Bio-Rad Laboratories, Inc. Class A*

     4,823         651,973   

Bio-Techne Corp.

     7,526         754,783   

Bruker Corp.*(a)

     22,064         407,522   

Charles River Laboratories International, Inc.*

     12,503         991,363   

PAREXEL International Corp.*

     16,713         1,153,030   

PerkinElmer, Inc.

     32,279         1,650,748   
     

 

 

 
Total Life Sciences Tools & Services         5,609,419   
Machinery – 6.5%      

AGCO Corp.(a)

     74,573         3,552,658   

Allison Transmission Holdings, Inc.

     44,147         1,410,055   

Barnes Group, Inc.

     21,601         874,624   

CLARCOR, Inc.(a)

     13,519         893,065   

Colfax Corp.*(a)

     44,377         2,118,114   

Crane Co.

     23,096         1,441,421   

Donaldson Co., Inc.(a)

     44,829         1,690,502   

Graco, Inc.

     18,898         1,363,680   

Hillenbrand, Inc.

     22,943         708,250   

IDEX Corp.

     25,233         1,913,418   

ITT Corp.

     29,153         1,163,496   

Joy Global, Inc.(a)

     38,076         1,491,818   

Kennametal, Inc.(a)

     30,456         1,026,063   

Lincoln Electric Holdings, Inc.

     25,795         1,686,735   

Manitowoc Co., Inc. (The)(a)

     54,740         1,180,194   

Middleby Corp. (The)*

     12,710         1,304,682   

Nordson Corp.(a)

     20,549         1,609,809   

Oshkosh Corp.(a)

     40,719         1,986,680   

Rexnord Corp.*

     29,637         791,012   

SPX Corp.

     13,547         1,150,140   

Terex Corp.(a)

     67,142         1,785,306   

Timken Co. (The)

     25,936         1,092,943   

Toro Co. (The)

     17,918         1,256,410   

Trinity Industries, Inc.(a)

     134,711         4,783,588   

Valmont Industries, Inc.(a)

     9,831         1,208,033   

WABCO Holdings, Inc.*

     41,372         5,083,791   

Watts Water Technologies, Inc. Class A

     7,848         431,875   

Woodward, Inc.

     22,195         1,132,167   

Xylem, Inc.

     53,830         1,885,127   
     

 

 

 
Total Machinery         48,015,656   
Marine – 0.2%      

Kirby Corp.*

     20,980         1,574,549   
     
Media – 3.5%      

AMC Entertainment Holdings, Inc. Class A

     83,314       $ 2,956,814   

AMC Networks, Inc. Class A*(a)

     24,075         1,845,108   

Cablevision Systems Corp. Class A(a)

     64,111         1,173,231   

Cinemark Holdings, Inc.

     28,817         1,298,782   

Discovery Communications, Inc. Class A*(a)

     171,557         5,277,093   

John Wiley & Sons, Inc. Class A

     18,669         1,141,423   

Liberty Media Corp. Class A*

     123,986         4,779,660   

Live Nation Entertainment, Inc.*

     1,548         39,056   

Loral Space & Communications, Inc.*

     1,511         103,413   

Madison Square Garden Co. (The) Class A*(a)

     17,795         1,506,347   

Meredith Corp.(a)

     14,046         783,346   

Morningstar, Inc.

     12,094         905,962   

Regal Entertainment Group Class A(a)

     25,743         587,970   

Sinclair Broadcast Group, Inc. Class A(a)

     31,622         993,247   

Starz Class A*(a)

     60,681         2,088,033   

Time, Inc.(a)

     8,087         181,472   
     

 

 

 
Total Media         25,660,957   
Metals & Mining – 1.3%      

Carpenter Technology Corp.(a)

     18,878         733,977   

Century Aluminum Co.*

     11,155         153,939   

Commercial Metals Co.

     44,772         724,859   

Compass Minerals International, Inc.

     10,460         974,977   

Reliance Steel & Aluminum Co.

     40,146         2,452,118   

Royal Gold, Inc.(a)

     6,714         423,720   

Steel Dynamics, Inc.

     82,604         1,660,340   

United States Steel Corp.(a)

     73,369         1,790,203   

Worthington Industries, Inc.

     23,525         626,000   
     

 

 

 
Total Metals & Mining         9,540,133   
Multi-Utilities – 1.6%      

Alliant Energy Corp.

     41,413         2,609,019   

Avista Corp.(a)

     25,641         876,409   

Black Hills Corp.

     15,233         768,353   

Integrys Energy Group, Inc.

     29,722         2,140,578   

MDU Resources Group, Inc.

     91,510         1,952,823   

NorthWestern Corp.

     13,531         727,833   

TECO Energy, Inc.

     76,740         1,488,756   

Vectren Corp.

     23,866         1,053,445   
     

 

 

 
Total Multi-Utilities         11,617,216   
Multiline Retail – 0.5%      

Big Lots, Inc.(a)

     20,041         962,569   

Burlington Stores, Inc.*

     7,210         428,418   

Dillard’s, Inc. Class A

     18,550         2,532,261   
     

 

 

 
Total Multiline Retail         3,923,248   
Oil, Gas & Consumable Fuels – 3.8%      

CVR Energy, Inc.(a)

     32,365         1,377,454   

Denbury Resources, Inc.(a)

     369,712         2,695,201   

Diamondback Energy, Inc.*

     14,447         1,110,107   

Energen Corp.

     11,866         783,156   

EP Energy Corp. Class A*(a)

     118,753         1,244,531   

Gulfport Energy Corp.*

     30,425         1,396,812   

Newfield Exploration Co.*

     84,131         2,952,157   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      55   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

PBF Energy, Inc. Class A

     64,669       $ 2,193,573   

QEP Resources, Inc.

     66,440         1,385,274   

Rice Energy, Inc.*(a)

     27,720         603,187   

SemGroup Corp. Class A

     2,598         211,321   

SM Energy Co.(a)

     67,261         3,476,049   

Targa Resources Corp.

     6,697         641,506   

Western Refining, Inc.

     74,555         3,682,271   

Whiting Petroleum Corp.*(a)

     83,761         2,588,215   

World Fuel Services Corp.

     28,490         1,637,605   
     

 

 

 
Total Oil, Gas & Consumable Fuels         27,978,419   
Paper & Forest Products – 0.6%      

Domtar Corp.

     71,870         3,321,831   

KapStone Paper and Packaging Corp.

     41,407         1,359,806   
     

 

 

 
Total Paper & Forest Products         4,681,637   
Personal Products – 0.4%      

Avon Products, Inc.(a)

     62,534         499,647   

Nu Skin Enterprises, Inc. Class A(a)

     43,625         2,626,661   
     

 

 

 
Total Personal Products         3,126,308   
Pharmaceuticals – 0.1%      

Akorn, Inc.*(a)

     2,909         138,206   

Impax Laboratories, Inc.*

     10,286         482,105   
     

 

 

 
Total Pharmaceuticals         620,311   
Professional Services – 0.8%      

Corporate Executive Board Co. (The)

     4,533         362,005   

Dun & Bradstreet Corp. (The)

     16,331         2,096,247   

Manpowergroup, Inc.

     41,161         3,546,020   

TriNet Group, Inc.*

     2,107         74,230   

WageWorks, Inc.*

     2,496         133,112   
     

 

 

 
Total Professional Services         6,211,614   
Real Estate Investment Trusts (REITs) – 5.6%      

Acadia Realty Trust

     13,006         453,649   

Alexander’s, Inc.

     942         430,098   

Alexandria Real Estate Equities, Inc.

     8,897         872,262   

American Campus Communities, Inc.

     9,265         397,191   

Apartment Investment & Management Co. Class A

     51,487         2,026,528   

BioMed Realty Trust, Inc.

     17,704         401,173   

Brandywine Realty Trust(a)

     8,023         128,208   

Camden Property Trust

     13,054         1,019,909   

CBL & Associates Properties, Inc.

     35,372         700,366   

Columbia Property Trust, Inc.

     12,355         333,832   

Corporate Office Properties Trust

     7,427         218,205   

Corrections Corp. of America(a)

     36,063         1,451,896   

CubeSmart

     5,546         133,936   

DCT Industrial Trust, Inc.

     1,786         61,903   

DiamondRock Hospitality Co.

     43,365         612,747   

Douglas Emmett, Inc.

     9,767         291,154   

Duke Realty Corp.

     72,296         1,573,884   

DuPont Fabros Technology, Inc.

     12,638         413,010   

EastGroup Properties, Inc.

     4,175         251,084   

EPR Properties

     18,337         1,100,770   

Equity Commonwealth

     2,900         76,995   

Equity Lifestyle Properties, Inc.

     14,537         798,808   
     

Equity One, Inc.

     10,910       $ 291,188   

Extra Space Storage, Inc.

     22,579         1,525,663   

First Industrial Realty Trust, Inc.

     4,202         90,049   

Gaming and Leisure Properties, Inc. REIT

     32,986         1,216,194   

Geo Group, Inc. (The)

     21,263         930,044   

Healthcare Realty Trust, Inc.

     7,608         211,350   

Healthcare Trust of America, Inc. Class A(a)

     6,464         180,087   

Highwoods Properties, Inc.

     15,334         701,990   

Home Properties, Inc.

     9,175         635,736   

Hospitality Properties Trust

     31,200         1,029,288   

Kilroy Realty Corp.

     2,147         163,537   

Lamar Advertising Co. Class A(a)

     6,631         393,019   

LaSalle Hotel Properties

     29,741         1,155,735   

Lexington Realty Trust(a)

     11,691         114,923   

Liberty Property Trust

     18,793         670,910   

Medical Properties Trust, Inc.

     22,309         328,835   

Mid-America Apartment Communities, Inc.

     8,004         618,469   

National Health Investors, Inc.

     9,165         650,807   

National Retail Properties, Inc.

     23,372         957,551   

Omega Healthcare Investors, Inc.(a)

     33,811         1,371,712   

Outfront Media, Inc.

     76,905         2,300,998   

Pebblebrook Hotel Trust

     5,836         271,782   

Piedmont Office Realty Trust, Inc. Class A

     13,057         242,991   

Post Properties, Inc.

     22,369         1,273,467   

PS Business Parks, Inc.

     3,775         313,476   

Rayonier, Inc.(a)

     31,494         849,078   

Regency Centers Corp.

     10,991         747,828   

RLJ Lodging Trust

     23,914         748,747   

Ryman Hospitality Properties, Inc.

     10,955         667,269   

Senior Housing Properties Trust

     53,693         1,191,448   

Sovran Self Storage, Inc.

     6,072         570,404   

Strategic Hotels & Resorts, Inc.*

     76,748         953,978   

Sun Communities, Inc.(a)

     3,538         236,055   

Sunstone Hotel Investors, Inc.

     21,176         353,004   

Tanger Factory Outlet Centers, Inc.

     13,144         462,274   

W.P. Carey, Inc.

     10,052         683,536   

Weingarten Realty Investors

     34,844         1,253,687   

WP GLIMCHER, Inc.

     51,344         853,851   
     

 

 

 
Total Real Estate Investment Trusts (REITs)         40,958,568   
Real Estate Management & Development – 0.8%      

Jones Lang LaSalle, Inc.

     14,897         2,538,449   

Kennedy-Wilson Holdings, Inc.(a)

     9,312         243,416   

Realogy Holdings Corp.*

     64,736         2,944,193   
     

 

 

 
Total Real Estate Management & Development         5,726,058   
Road & Rail – 1.7%      

AMERCO

     8,197         2,708,289   

Avis Budget Group, Inc.*

     19,475         1,149,317   

Con-way, Inc.

     17,702         781,189   

Genesee & Wyoming, Inc. Class A*(a)

     17,750         1,711,810   

Heartland Express, Inc.(a)

     13,656         324,467   

Knight Transportation, Inc.(a)

     15,335         494,554   

Landstar System, Inc.(a)

     11,118         737,123   

Old Dominion Freight Line, Inc.*

     20,185         1,560,301   

 

See Notes to Financial Statements.

 

56   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Ryder System, Inc.

     14,900       $ 1,413,861   

Swift Transportation Co.*

     34,166         888,999   

Werner Enterprises, Inc.

     16,486         517,825   
     

 

 

 
Total Road & Rail         12,287,735   
Semiconductors & Semiconductor Equipment – 1.5%      

Advanced Micro Devices, Inc.*(a)

     11,604         31,099   

Atmel Corp.

     30,860         253,978   

Cree, Inc.*(a)

     23,458         832,524   

Fairchild Semiconductor International, Inc.*

     3,436         62,466   

First Solar, Inc.*(a)

     42,076         2,515,724   

Integrated Device Technology, Inc.*

     21,438         429,189   

Microsemi Corp.*

     5,638         199,585   

MKS Instruments, Inc.

     18,839         636,947   

ON Semiconductor Corp.*

     136,625         1,654,529   

Qorvo, Inc.*

     11,582         923,085   

Silicon Laboratories, Inc.*

     5,921         300,609   

SunPower Corp.*(a)

     37,826         1,184,332   

Synaptics, Inc.*(a)

     8,104         658,896   

Teradyne, Inc.

     59,331         1,118,389   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         10,801,352   
Software – 2.1%      

ACI Worldwide, Inc.*

     24,006         519,970   

Aspen Technology, Inc.*

     20,051         771,763   

Blackbaud, Inc.

     5,097         241,496   

Cadence Design Systems, Inc.*(a)

     47,037         867,362   

CommVault Systems, Inc.*

     6,907         301,836   

FactSet Research Systems, Inc.(a)

     10,193         1,622,726   

Fair Isaac Corp.

     8,707         772,485   

Fortinet, Inc.*(a)

     7,295         254,960   

Guidewire Software, Inc.*

     2,458         129,315   

Informatica Corp.*

     19,558         857,716   

Manhattan Associates, Inc.*

     12,547         635,004   

Mentor Graphics Corp.

     46,575         1,119,197   

PTC, Inc.*

     29,285         1,059,239   

Rovi Corp.*(a)

     1,083         19,721   

SolarWinds, Inc.*

     9,945         509,582   

SS&C Technologies Holdings, Inc.

     14,713         916,620   

Synopsys, Inc.*

     38,078         1,763,773   

Take-Two Interactive Software, Inc.*(a)

     88,376         2,249,611   

Tyler Technologies, Inc.*(a)

     3,022         364,242   

Ultimate Software Group, Inc. (The)*(a)

     1,864         316,796   

Verint Systems, Inc.*

     6,565         406,570   
     

 

 

 
Total Software         15,699,984   
Specialty Retail – 3.9%      

Aaron’s, Inc.

     18,367         519,970   

Abercrombie & Fitch Co. Class A(a)

     6,931         152,759   

American Eagle Outfitters, Inc.(a)

     22,614         386,247   

Asbury Automotive Group, Inc.*

     11,171         928,310   

Ascena Retail Group, Inc.*

     75,719         1,098,683   

Buckle, Inc. (The)(a)

     21,016         1,073,707   

Cabela’s, Inc.*(a)

     27,079         1,515,882   

Chico’s FAS, Inc.(a)

     39,158         692,705   

CST Brands, Inc.

     21,292         933,228   
     

Dick’s Sporting Goods, Inc.

     42,525       $ 2,423,500   

DSW, Inc. Class A

     27,880         1,028,214   

Five Below, Inc.*(a)

     6,273         223,131   

GameStop Corp. Class A(a)

     78,614         2,984,188   

Genesco, Inc.*

     8,551         609,088   

GNC Holdings, Inc. Class A

     38,589         1,893,562   

Group 1 Automotive, Inc.

     6,861         592,310   

Guess?, Inc.(a)

     40,703         756,669   

Lithia Motors, Inc. Class A(a)

     9,670         961,295   

Mattress Firm Holding Corp.*(a)

     5,055         352,030   

Men’s Wearhouse, Inc. (The)

     5,657         295,295   

Michaels Cos., Inc. (The)*

     57,145         1,546,344   

Murphy USA, Inc.*

     18,141         1,312,864   

Penske Automotive Group, Inc.

     38,808         1,998,224   

Restoration Hardware Holdings, Inc.*(a)

     4,780         474,128   

Sally Beauty Holdings, Inc.*

     51,661         1,775,589   

Urban Outfitters, Inc.*(a)

     48,641         2,220,462   
     

 

 

 
Total Specialty Retail         28,748,384   
Technology Hardware, Storage & Peripherals – 0.6%      

3D Systems Corp.*(a)

     4,329         118,701   

Diebold, Inc.(a)

     14,047         498,107   

Electronics For Imaging, Inc.*

     13,898         580,241   

Lexmark International, Inc. Class A

     25,264         1,069,678   

NCR Corp.*

     60,458         1,784,116   
     

 

 

 
Total Technology Hardware, Storage & Peripherals               4,050,843   
Textiles, Apparel & Luxury Goods – 1.5%      

Carter’s, Inc.

     13,566         1,254,448   

Columbia Sportswear Co.

     17,491         1,065,202   

Deckers Outdoor Corp.*

     11,733         854,984   

Fossil Group, Inc.*(a)

     22,642         1,866,833   

G-III Apparel Group Ltd.*

     5,374         605,381   

Iconix Brand Group, Inc.*(a)

     18,105         609,595   

lululemon athletica, Inc.*(a)

     29,994         1,920,216   

Skechers U.S.A., Inc. Class A*(a)

     14,756         1,061,104   

Steven Madden Ltd.*

     25,629         973,902   

Wolverine World Wide, Inc.(a)

     29,960         1,002,162   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         11,213,827   
Thrifts & Mortgage Finance – 1.4%      

EverBank Financial Corp.

     40,879         737,048   

Hudson City Bancorp, Inc.

     107,976         1,131,589   

MGIC Investment Corp.*(a)

     117,613         1,132,613   

Nationstar Mortgage Holdings, Inc.*(a)

     31,695         785,085   

Ocwen Financial Corp.*(a)

     47,118         388,724   

People’s United Financial, Inc.(a)

     103,867         1,578,778   

Radian Group, Inc.(a)

     190,203         3,193,508   

TFS Financial Corp.

     27,833         408,589   

Washington Federal, Inc.

     45,301         987,788   
     

 

 

 
Total Thrifts & Mortgage Finance         10,343,722   
Tobacco – 0.1%      

Vector Group Ltd.(a)

     16,529         363,142   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      57   


Table of Contents

Schedule of Investments (concluded)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Trading Companies & Distributors – 1.3%      

Air Lease Corp.

     49,120       $ 1,853,789   

Applied Industrial Technologies, Inc.

     16,982         769,964   

GATX Corp.

     17,435         1,010,881   

HD Supply Holdings, Inc.*

     8,905         277,435   

MRC Global, Inc.*(a)

     65,976         781,816   

MSC Industrial Direct Co., Inc. Class A

     19,554         1,411,799   

NOW, Inc.*(a)

     37,355         808,362   

Watsco, Inc.

     8,570         1,077,249   

WESCO International, Inc.*(a)

     23,682         1,655,135   
     

 

 

 
Total Trading Companies & Distributors         9,646,430   
Water Utilities – 0.2%      

Aqua America, Inc.

     53,456         1,408,566   

TOTAL COMMON STOCKS

(Cost: $656,578,691)

  

  

     733,955,027   
EXCHANGE-TRADED FUND – 0.4%      
United States – 0.4%      
WisdomTree MidCap Dividend Fund(a)(b) (Cost: $2,658,754)      33,012         2,841,673   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 19.2%      
United States – 19.2%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $141,443,372)(d)      141,443,372         141,443,372   

TOTAL INVESTMENTS IN SECURITIES – 119.1%

(Cost: $800,680,817)

  

  

     878,240,072   

Liabilities in Excess of Cash and Other Assets – (19.1)%

  

     (140,708,414
     

 

 

 
NET ASSETS – 100.0%       $ 737,531,658   

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $159,170,519 and the total market value of the collateral held by the Fund was $162,939,772. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $21,496,400. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

58   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 0.4%      

AAR Corp.

     42,669       $ 1,309,938   

American Science & Engineering, Inc.(a)

     31,635         1,545,686   

Cubic Corp.

     11,951         618,703   

HEICO Corp.(a)

     5,739         350,481   

HEICO Corp. Class A

     10,284         509,469   

National Presto Industries, Inc.(a)

     11,784         746,988   
     

 

 

 
Total Aerospace & Defense               5,081,265   
Air Freight & Logistics – 0.2%      

Forward Air Corp.(a)

     28,431         1,543,804   

Park-Ohio Holdings Corp.

     10,181         536,233   
     

 

 

 
Total Air Freight & Logistics               2,080,037   
Airlines – 0.1%      

SkyWest, Inc.(a)

     67,629         988,060   
Auto Components – 0.7%      

Cooper Tire & Rubber Co.

     78,237         3,351,673   

Remy International, Inc.

     68,288         1,516,676   

Spartan Motors, Inc.

     64,589         313,257   

Standard Motor Products, Inc.(a)

     31,827         1,345,009   

Strattec Security Corp.(a)

     1,696         125,233   

Superior Industries International, Inc.(a)

     94,891         1,796,286   
     

 

 

 
Total Auto Components               8,448,134   
Banks – 7.7%      

1st Source Corp.(a)

     20,044         644,014   

Access National Corp.

     13,569         254,283   

American National Bankshares, Inc.

     10,787         243,570   

Ameris Bancorp

     7,623         201,171   

Arrow Financial Corp.

     16,688         453,079   

Banc of California, Inc.(a)

     54,738         673,825   

BancFirst Corp.(a)

     12,162         741,639   

BancorpSouth, Inc.(a)

     48,232         1,119,947   

Bank of Hawaii Corp.(a)

     49,760         3,045,810   

Bank of Kentucky Financial Corp.

     4,107         201,448   

Banner Corp.

     11,704         537,214   

Bar Harbor Bankshares

     6,252         203,503   

BBCN Bancorp, Inc.

     83,740         1,211,718   

Berkshire Hills Bancorp, Inc.

     25,753         713,358   

Boston Private Financial Holdings, Inc.

     73,242         889,890   

Bridge Bancorp, Inc.(a)

     14,687         379,365   

Bryn Mawr Bank Corp.

     12,419         377,662   

C&F Financial Corp.

     4,213         147,244   

Camden National Corp.(a)

     7,715         307,366   

Capital City Bank Group, Inc.

     3,151         51,204   

Cardinal Financial Corp.

     23,669         472,907   

Cathay General Bancorp

     46,909         1,334,561   

Centerstate Banks, Inc.

     5,965         71,043   

Central Pacific Financial Corp.(a)

     27,765         637,762   

Century Bancorp, Inc. Class A

     2,156         85,593   

Chemical Financial Corp.

     39,793         1,247,908   

City Holding Co.(a)

     19,787         930,583   
     

CNB Financial Corp.(a)

     18,218       $ 310,070   

CoBiz Financial, Inc.

     20,822         256,527   

Columbia Banking System, Inc.

     45,870         1,328,854   

Community Bank System, Inc.(a)

     46,802         1,656,323   

Community Trust Bancorp, Inc.

     21,071         698,714   

ConnectOne Bancorp, Inc.

     19,406         377,641   

CVB Financial Corp.(a)

     98,101         1,563,730   

Enterprise Bancorp, Inc.(a)

     7,330         155,762   

Enterprise Financial Services Corp.

     9,540         197,096   

Fidelity Southern Corp.

     18,092         305,393   

Financial Institutions, Inc.

     16,238         372,337   

First Bancorp

     12,771         224,259   

First Bancorp, Inc.

     17,966         313,507   

First Busey Corp.

     99,364         664,745   

First Business Financial Services, Inc.(a)

     2,674         115,624   

First Commonwealth Financial Corp.(a)

     107,294         965,646   

First Community Bancshares, Inc.

     21,334         373,985   

First Connecticut Bancorp, Inc.(a)

     6,445         99,060   

First Financial Bancorp

     81,167         1,445,584   

First Financial Bankshares, Inc.(a)

     44,301         1,224,480   

First Financial Corp.(a)

     13,123         470,984   

First Interstate BancSystem, Inc.

     17,891         497,728   

First Merchants Corp.

     18,426         433,748   

First Midwest Bancorp, Inc.

     52,038         903,900   

Flushing Financial Corp.

     33,373         669,796   

FNB Corp.

     239,733         3,150,092   

Fulton Financial Corp.

     179,259         2,212,056   

German American Bancorp, Inc.(a)

     10,317         303,629   

Glacier Bancorp, Inc.

     68,556         1,724,183   

Great Southern Bancorp, Inc.

     10,403         409,774   

Guaranty Bancorp

     11,706         198,534   

Hancock Holding Co.

     94,679         2,827,115   

Hanmi Financial Corp.

     14,720         311,328   

Heartland Financial USA, Inc.

     9,997         326,202   

Heritage Commerce Corp.

     25,168         229,784   

Heritage Financial Corp.

     22,214         377,638   

Home BancShares, Inc.

     31,463         1,066,281   

Horizon Bancorp

     6,926         161,999   

Hudson Valley Holding Corp.

     8,653         221,171   

Iberiabank Corp.(a)

     26,112         1,645,839   

Independent Bank Corp.

     35,514         1,090,879   

Independent Bank Group, Inc.(a)

     3,953         153,811   

International Bancshares Corp.

     54,559         1,420,171   

Lakeland Bancorp, Inc.

     35,556         408,894   

Lakeland Financial Corp.

     11,801         478,885   

LegacyTexas Financial Group, Inc.

     31,885         724,746   

LNB Bancorp, Inc.

     2,309         41,193   

Macatawa Bank Corp.(a)

     17,531         93,791   

MainSource Financial Group, Inc.

     18,121         355,896   

MB Financial, Inc.

     48,109         1,506,293   

Mercantile Bank Corp.(a)

     14,333         280,210   

Merchants Bancshares, Inc.

     8,620         251,445   

MidSouth Bancorp, Inc.

     9,753         143,857   

MidWestOne Financial Group, Inc.

     7,598         219,050   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      59   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

MutualFirst Financial, Inc.

     4,621       $ 106,514   

National Bank Holdings Corp. Class A

     14,233         267,723   

National Penn Bancshares, Inc.

     230,394         2,481,343   

NBT Bancorp, Inc.(a)

     53,435         1,339,081   

Northrim BanCorp, Inc.

     6,241         153,154   

Old National Bancorp

     132,447         1,879,423   

Pacific Continental Corp.

     27,138         358,764   

Park National Corp.(a)

     24,870         2,127,877   

Park Sterling Corp.

     23,975         170,222   

Peapack Gladstone Financial Corp.(a)

     5,901         127,462   

Penns Woods Bancorp, Inc.(a)

     7,104         347,457   

Peoples Bancorp, Inc.

     12,066         285,240   

Peoples Financial Services Corp.

     6,793         304,802   

Pinnacle Financial Partners, Inc.

     10,510         467,275   

Preferred Bank

     7,172         197,015   

Premier Financial Bancorp, Inc.

     9,431         143,634   

PrivateBancorp, Inc.

     3,457         121,583   

QCR Holdings, Inc.

     589         10,567   

Renasant Corp.

     27,165         816,308   

Republic Bancorp, Inc. Class A(a)

     20,080         496,578   

S&T Bancorp, Inc.(a)

     27,259         773,610   

Sandy Spring Bancorp, Inc.(a)

     30,041         787,975   

ServisFirst Bancshares, Inc.

     5,576         183,952   

Sierra Bancorp(a)

     12,450         207,915   

Simmons First National Corp. Class A

     14,777         671,910   

South State Corp.

     12,059         824,715   

Southside Bancshares, Inc.

     19,365         555,582   

Southwest Bancorp, Inc.

     6,364         113,216   

Sterling Bancorp

     62,754         841,531   

Stock Yards Bancorp, Inc.

     14,873         512,077   

Stonegate Bank

     1,941         58,599   

Suffolk Bancorp

     4,621         109,795   

Susquehanna Bancshares, Inc.

     177,753         2,436,994   

TCF Financial Corp.

     80,346         1,263,039   

Tompkins Financial Corp.(a)

     17,811         959,122   

TowneBank(a)

     36,706         590,232   

Trico Bancshares

     13,992         337,627   

Trustmark Corp.(a)

     95,271         2,313,180   

UMB Financial Corp.(a)

     28,488         1,506,730   

Union Bankshares Corp.(a)

     41,672         925,535   

United Bankshares, Inc.(a)

     90,196         3,389,566   

United Community Banks, Inc.

     20,607         389,060   

Univest Corp. of Pennsylvania

     23,109         457,327   

Valley National Bancorp(a)

     389,599         3,677,815   

Washington Trust Bancorp, Inc.(a)

     20,729         791,641   

WesBanco, Inc.(a)

     35,012         1,140,691   

West Bancorp, Inc.(a)

     19,144         380,774   

Westamerica Bancorp(a)

     29,925         1,293,059   

Wilshire Bancorp, Inc.

     58,846         586,695   

Wintrust Financial Corp.(a)

     15,167         723,163   
     

 

 

 
Total Banks               96,143,055   
     
Beverages – 0.1%      

Coca-Cola Bottling Co. Consolidated(a)

     8,156       $ 922,117   

MGP Ingredients, Inc.

     5,124         68,969   
     

 

 

 
Total Beverages               991,086   
Biotechnology – 0.7%      

PDL BioPharma, Inc.(a)

     1,249,106         8,787,461   
Building Products – 0.8%      

AAON, Inc.

     45,040         1,104,831   

Advanced Drainage Systems, Inc.(a)

     37,194         1,113,589   

Apogee Enterprises, Inc.

     25,376         1,096,243   

Griffon Corp.(a)

     66,895         1,165,980   

Insteel Industries, Inc.

     9,524         206,004   

Quanex Building Products Corp.(a)

     32,040         632,470   

Simpson Manufacturing Co., Inc.

     79,790         2,981,752   

Universal Forest Products, Inc.

     31,017         1,720,823   
     

 

 

 
Total Building Products               10,021,692   
Capital Markets – 1.5%      

Arlington Asset Investment Corp. Class A(a)

     103,969         2,501,494   

Artisan Partners Asset Management, Inc. Class A(a)

     56,801         2,582,173   

BGC Partners, Inc. Class A

     373,187         3,526,617   

Calamos Asset Management, Inc. Class A

     34,510         464,159   

Cohen & Steers, Inc.(a)

     34,089         1,395,945   

Evercore Partners, Inc. Class A

     29,288         1,513,018   

Financial Engines, Inc.(a)

     13,456         562,864   

FXCM, Inc. Class A(a)

     23,551         50,164   

GAMCO Investors, Inc. Class A

     1,097         86,125   

GFI Group, Inc.

     166,466         987,143   

Greenhill & Co., Inc.(a)

     45,787         1,815,455   

Interactive Brokers Group, Inc. Class A(a)

     30,707         1,044,652   

Manning & Napier, Inc.

     21,168         275,396   

Moelis & Co. Class A

     16,605         500,143   

Oppenheimer Holdings, Inc. Class A

     9,389         220,266   

Pzena Investment Management, Inc. Class A

     6,533         59,908   

Silvercrest Asset Management Group, Inc. Class A

     8,904         126,882   

Virtus Investment Partners, Inc.

     3,721         486,595   

Westwood Holdings Group, Inc.

     10,236         617,231   
     

 

 

 
Total Capital Markets               18,816,230   
Chemicals – 3.1%      

A. Schulman, Inc.(a)

     61,557         2,967,047   

American Vanguard Corp.(a)

     50,727         538,721   

Balchem Corp.(a)

     12,322         682,392   

Chase Corp.

     15,718         687,348   

FutureFuel Corp.

     169,998         1,745,880   

H.B. Fuller Co.(a)

     55,733         2,389,274   

Hawkins, Inc.(a)

     19,607         744,870   

Innophos Holdings, Inc.

     74,261         4,185,350   

Innospec, Inc.

     31,268         1,450,523   

KMG Chemicals, Inc.

     9,465         252,999   

Kronos Worldwide, Inc.(a)

     513,189         6,491,841   

Minerals Technologies, Inc.

     10,194         745,181   

Olin Corp.(a)

     270,711         8,673,580   

 

See Notes to Financial Statements.

 

60   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

OM Group, Inc.

     32,311       $ 970,299   

Quaker Chemical Corp.(a)

     18,470         1,581,771   

Rayonier Advanced Materials, Inc.(a)

     50,226         748,367   

Stepan Co.

     41,110         1,712,643   

Tredegar Corp.

     57,079         1,147,859   

Zep, Inc.

     30,802         524,558   
     

 

 

 
Total Chemicals               38,240,503   
Commercial Services & Supplies – 5.6%      

ABM Industries, Inc.

     121,319         3,865,223   

Brady Corp. Class A

     144,658         4,092,375   

Brink’s Co. (The)(a)

     83,696         2,312,520   

CECO Environmental Corp.

     41,636         441,758   

Courier Corp.

     57,509         1,407,820   

Ennis, Inc.

     132,917         1,876,788   

G&K Services, Inc. Class A

     36,631         2,656,846   

Healthcare Services Group, Inc.(a)

     160,664         5,162,134   

Herman Miller, Inc.

     106,998         2,970,264   

HNI Corp.(a)

     87,770         4,842,271   

Interface, Inc.

     63,990         1,329,712   

Kimball International, Inc. Class B

     70,967         743,734   

Knoll, Inc.

     119,863         2,808,390   

Matthews International Corp. Class A

     36,029         1,855,854   

McGrath RentCorp

     71,774         2,362,082   

Mobile Mini, Inc.(a)

     80,104         3,415,635   

MSA Safety, Inc.

     86,895         4,334,323   

Multi-Color Corp.

     5,857         406,066   

Quad/Graphics, Inc.

     191,717         4,405,657   

Steelcase, Inc. Class A

     207,303         3,926,319   

Tetra Tech, Inc.

     65,720         1,578,594   

U.S. Ecology, Inc.(a)

     38,277         1,912,702   

UniFirst Corp.

     1,940         228,319   

United Stationers, Inc.(a)

     53,049         2,174,479   

Viad Corp.

     30,497         848,427   

West Corp.

     231,938         7,823,269   
     

 

 

 
Total Commercial Services & Supplies               69,781,561   
Communications Equipment – 1.0%      

ADTRAN, Inc.(a)

     89,127         1,664,001   

Alliance Fiber Optic Products, Inc.(a)

     18,996         330,910   

Bel Fuse, Inc. Class B

     10,029         190,852   

Black Box Corp.

     24,571         514,271   

Comtech Telecommunications Corp.

     59,460         1,721,367   

InterDigital, Inc.(a)

     54,748         2,777,914   

PC-Tel, Inc.

     41,477         331,816   

Plantronics, Inc.(a)

     47,553         2,517,931   

TESSCO Technologies, Inc.

     22,405         552,507   

Ubiquiti Networks, Inc.(a)

     48,236         1,425,374   
     

 

 

 
Total Communications Equipment               12,026,943   
Construction & Engineering – 0.6%      

Comfort Systems USA, Inc.(a)

     55,295         1,163,407   

Granite Construction, Inc.(a)

     54,952         1,931,013   

KBR, Inc.

     291,147         4,215,809   

Primoris Services Corp.(a)

     37,338         641,840   
     

 

 

 
Total Construction & Engineering               7,952,069   
     
Construction Materials – 0.0%      

United States Lime & Minerals, Inc.(a)

     3,812       $ 245,874   
Consumer Finance – 0.1%      

Cash America International, Inc.(a)

     7,658         178,432   

Nelnet, Inc. Class A

     11,107         525,583   
     

 

 

 
Total Consumer Finance               704,015   
Containers & Packaging – 0.4%      

Greif, Inc. Class A

     90,573         3,556,802   

Myers Industries, Inc.(a)

     95,970         1,682,354   
     

 

 

 
Total Containers & Packaging               5,239,156   
Distributors – 0.5%      

Core-Mark Holding Co., Inc.

     18,569         1,194,358   

Pool Corp.(a)

     59,742         4,167,602   

Weyco Group, Inc.

     29,069         869,163   
     

 

 

 
Total Distributors               6,231,123   
Diversified Consumer Services – 0.3%      

Capella Education Co.

     23,659         1,534,996   

Carriage Services, Inc.(a)

     8,929         213,135   

Collectors Universe, Inc.

     54,627         1,232,385   

Universal Technical Institute, Inc.

     100,703         966,749   
     

 

 

 
Total Diversified Consumer Services               3,947,265   
Diversified Financial Services – 0.1%      

Gain Capital Holdings, Inc.(a)

     34,798         339,977   

MarketAxess Holdings, Inc.

     12,375         1,025,888   

Marlin Business Services Corp.

     14,240         285,227   

Resource America, Inc. Class A(a)

     24,894         226,535   
     

 

 

 
Total Diversified Financial Services               1,877,627   
Diversified Telecommunication Services – 1.3%      

Atlantic Tele-Network, Inc.

     26,385         1,826,370   

Cogent Communications Holdings, Inc.(a)

     164,210         5,801,539   

Consolidated Communications Holdings, Inc.(a)

     290,620         5,928,648   

IDT Corp. Class B

     78,117         1,386,577   

Inteliquent, Inc.

     106,507         1,676,420   
     

 

 

 
Total Diversified Telecommunication Services               16,619,554   
Electric Utilities – 4.0%      

ALLETE, Inc.

     160,590         8,472,728   

El Paso Electric Co.

     115,408         4,459,365   

Empire District Electric Co. (The)

     153,445         3,808,505   

MGE Energy, Inc.(a)

     83,893         3,718,138   

NRG Yield, Inc. Class A(a)

     112,275         5,695,711   

Otter Tail Corp.

     146,057         4,698,654   

PNM Resources, Inc.

     197,305         5,761,306   

UIL Holdings Corp.

     217,686         11,193,414   

Unitil Corp.

     51,557         1,792,637   
     

 

 

 
Total Electric Utilities               49,600,458   
Electrical Equipment – 0.8%      

Allied Motion Technologies, Inc.

     6,105         202,625   

AZZ, Inc.(a)

     32,859         1,530,901   

Encore Wire Corp.(a)

     4,558         172,657   

Franklin Electric Co., Inc.(a)

     45,184         1,723,318   

General Cable Corp.(a)

     255,134         4,395,959   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      61   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Global Power Equipment Group, Inc.

     45,451       $ 599,953   

LSI Industries, Inc.

     13,837         112,772   

Powell Industries, Inc.

     26,543         896,357   

Preformed Line Products Co.(a)

     8,419         354,692   
     

 

 

 
Total Electrical Equipment               9,989,234   
Electronic Equipment, Instruments & Components – 1.9%      

AVX Corp.

     482,886         6,890,783   

Badger Meter, Inc.(a)

     19,294         1,156,482   

CTS Corp.

     29,095         523,419   

Daktronics, Inc.

     136,726         1,478,008   

Dolby Laboratories, Inc. Class A(a)

     45,117         1,721,665   

Electro Rent Corp.

     99,560         1,129,011   

Electro Scientific Industries, Inc.

     124,607         770,071   

Littelfuse, Inc.

     22,751         2,261,222   

Mesa Laboratories, Inc.(a)

     2,965         214,073   

Methode Electronics, Inc.

     37,933         1,784,368   

MTS Systems Corp.(a)

     25,846         1,955,250   

Park Electrochemical Corp.

     33,991         732,846   

Richardson Electronics Ltd.

     26,663         239,434   

Vishay Intertechnology, Inc.(a)

     236,716         3,271,415   
     

 

 

 
Total Electronic Equipment, Instruments & Components         24,128,047   
Energy Equipment & Services – 2.2%      

Bristow Group, Inc.(a)

     72,548         3,950,239   

CARBO Ceramics, Inc.(a)

     84,403         2,575,136   

Exterran Holdings, Inc.

     123,337         4,140,423   

Gulf Island Fabrication, Inc.

     29,009         431,074   

Gulfmark Offshore, Inc. Class A(a)

     127,213         1,658,857   

Patterson-UTI Energy, Inc.

     390,781         7,336,913   

Tidewater, Inc.(a)

     166,304         3,183,059   

U.S. Silica Holdings, Inc.(a)

     107,104         3,813,973   
     

 

 

 
Total Energy Equipment & Services               27,089,674   
Food & Staples Retailing – 0.8%      

Andersons, Inc. (The)

     24,174         1,000,079   

Ingles Markets, Inc. Class A(a)

     27,516         1,361,492   

Liberator Medical Holdings, Inc.(a)

     238,086         833,301   

SpartanNash Co.

     69,420         2,190,895   

Village Super Market, Inc. Class A

     37,987         1,194,311   

Weis Markets, Inc.

     68,657         3,416,372   
     

 

 

 
Total Food & Staples Retailing               9,996,450   
Food Products – 2.3%      

Alico, Inc.(a)

     3,895         199,658   

B&G Foods, Inc.(a)

     235,962         6,944,362   

Cal-Maine Foods, Inc.(a)

     79,419         3,102,106   

Calavo Growers, Inc.(a)

     27,441         1,411,016   

Dean Foods Co.(a)

     139,304         2,302,695   

J&J Snack Foods Corp.

     21,575         2,302,052   

Lancaster Colony Corp.

     52,389         4,985,861   

Limoneira Co.

     9,612         209,542   

Sanderson Farms, Inc.(a)

     22,693         1,807,497   

Snyder’s-Lance, Inc.(a)

     146,258         4,674,406   

Tootsie Roll Industries, Inc.(a)

     41,001         1,390,770   
     

 

 

 
Total Food Products               29,329,965   
     
Gas Utilities – 3.5%      

Chesapeake Utilities Corp.

     31,954       $ 1,617,192   

Delta Natural Gas Co., Inc.(a)

     24,848         483,294   

Gas Natural, Inc.

     46,447         462,612   

Laclede Group, Inc. (The)(a)

     150,156         7,690,990   

New Jersey Resources Corp.

     248,392         7,715,056   

Northwest Natural Gas Co.(a)

     103,078         4,942,590   

ONE Gas, Inc.(a)

     134,201         5,801,509   

South Jersey Industries, Inc.

     104,941         5,696,198   

WGL Holdings, Inc.(a)

     159,451         8,993,036   
     

 

 

 
Total Gas Utilities               43,402,477   
Health Care Equipment & Supplies – 1.1%      

Abaxis, Inc.(a)

     14,965         959,406   

Analogic Corp.

     5,451         495,496   

Atrion Corp.(a)

     1,631         563,527   

Cantel Medical Corp.

     8,930         424,175   

CONMED Corp.

     48,263         2,436,799   

CryoLife, Inc.(a)

     30,065         311,774   

Hill-Rom Holdings, Inc.

     74,084         3,630,116   

Invacare Corp.

     9,764         189,519   

Meridian Bioscience, Inc.(a)

     195,259         3,725,542   

Utah Medical Products, Inc.

     6,443         385,678   
     

 

 

 
Total Health Care Equipment & Supplies               13,122,032   
Health Care Providers & Services – 1.9%      

Aceto Corp.

     32,143         707,146   

Chemed Corp.

     13,207         1,576,916   

Ensign Group, Inc. (The)

     14,393         674,456   

Kindred Healthcare, Inc.

     172,471         4,103,085   

Landauer, Inc.(a)

     58,356         2,050,630   

National Healthcare Corp.(a)

     29,944         1,907,732   

Owens & Minor, Inc.(a)

     180,210         6,098,306   

Select Medical Holdings Corp.

     359,227         5,327,337   

U.S. Physical Therapy, Inc.

     14,104         669,940   
     

 

 

 
Total Health Care Providers & Services               23,115,548   
Health Care Technology – 0.5%      

Computer Programs & Systems, Inc.(a)

     41,530         2,253,418   

Quality Systems, Inc.(a)

     272,787         4,359,136   
     

 

 

 
Total Health Care Technology               6,612,554   
Hotels, Restaurants & Leisure – 3.9%      

Bob Evans Farms, Inc.(a)

     55,164         2,551,887   

Cheesecake Factory, Inc. (The)(a)

     64,485         3,181,045   

Churchill Downs, Inc.

     18,035         2,073,484   

ClubCorp Holdings, Inc.

     167,236         3,237,689   

DineEquity, Inc.

     63,558         6,801,342   

Frisch’s Restaurants, Inc.

     12,451         338,045   

International Speedway Corp. Class A

     20,408         665,505   

Interval Leisure Group, Inc.(a)

     114,819         3,009,406   

Marcus Corp. (The)

     41,648         886,686   

Marriott Vacations Worldwide Corp.

     43,228         3,503,629   

Papa John’s International, Inc.

     38,058         2,352,365   

Ruth’s Hospitality Group, Inc.

     52,108         827,475   

SeaWorld Entertainment, Inc.

     459,994         8,868,684   

 

See Notes to Financial Statements.

 

62   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Sonic Corp.

     66,967       $ 2,122,854   

Speedway Motorsports, Inc.

     111,080         2,527,070   

Texas Roadhouse, Inc.

     122,757         4,472,037   

Town Sports International Holdings, Inc.(a)

     240,257         1,636,150   
     

 

 

 
Total Hotels, Restaurants & Leisure               49,055,353   
Household Durables – 1.1%      

Bassett Furniture Industries, Inc.

     16,346         466,188   

Blyth, Inc.

     16,755         127,170   

CSS Industries, Inc.

     17,273         520,781   

Ethan Allen Interiors, Inc.(a)

     45,490         1,257,344   

Flexsteel Industries, Inc.

     15,663         490,095   

Hooker Furniture Corp.

     24,550         467,678   

KB Home(a)

     56,810         887,372   

La-Z-Boy, Inc.

     61,448         1,727,303   

Lennar Corp. Class B

     14,534         597,347   

Lifetime Brands, Inc.(a)

     12,300         187,944   

MDC Holdings, Inc.(a)

     188,644         5,376,354   

NACCO Industries, Inc. Class A

     9,634         510,506   

Ryland Group, Inc. (The)(a)

     14,730         717,940   
     

 

 

 
Total Household Durables               13,334,022   
Household Products – 0.3%      

Oil-Dri Corp. of America(a)

     12,922         434,825   

Orchids Paper Products Co.(a)

     40,991         1,105,118   

WD-40 Co.

     24,787         2,194,641   
     

 

 

 
Total Household Products               3,734,584   
Independent Power and Renewable Electricity Producers – 0.7%   

Ormat Technologies, Inc.(a)

     32,514         1,236,182   

Pattern Energy Group, Inc.(a)

     251,167         7,113,050   
     

 

 

 
Total Independent Power and Renewable Electricity Producers               8,349,232   
Industrial Conglomerates – 0.1%      

Raven Industries, Inc.(a)

     84,876         1,736,563   
Insurance – 1.7%      

American Equity Investment Life Holding Co.

     18,958         552,247   

AMERISAFE, Inc.

     7,607         351,824   

Baldwin & Lyons, Inc. Class B

     16,953         397,717   

Crawford & Co. Class A

     37,607         283,933   

Crawford & Co. Class B(a)

     21,696         187,453   

Donegal Group, Inc. Class A

     25,531         401,347   

EMC Insurance Group, Inc.

     14,585         492,973   

Employers Holdings, Inc.

     14,673         396,024   

FBL Financial Group, Inc. Class A

     23,097         1,432,245   

Federated National Holding Co.(a)

     2,288         70,013   

Fidelity & Guaranty Life

     22,398         474,838   

HCI Group, Inc.(a)

     9,731         446,361   

Horace Mann Educators Corp.

     43,106         1,474,225   

Independence Holding Co.

     4,301         58,451   

Infinity Property & Casualty Corp.

     8,290         680,195   

Investors Title Co.

     424         31,385   

Kemper Corp.(a)

     53,090         2,068,386   

Meadowbrook Insurance Group, Inc.

     28,196         239,666   

National General Holdings Corp.

     13,734         256,826   
     

National Interstate Corp.(a)

     11,107       $ 311,885   

National Western Life Insurance Co. Class A

     258         65,609   

ProAssurance Corp.

     51,631         2,370,379   

RLI Corp.(a)

     24,597         1,289,129   

Safety Insurance Group, Inc.

     24,696         1,475,586   

Selective Insurance Group, Inc.

     42,780         1,242,759   

State Auto Financial Corp.

     28,846         700,669   

Stewart Information Services Corp.

     2,314         94,041   

Symetra Financial Corp.

     75,519         1,771,676   

United Fire Group, Inc.

     25,759         818,363   

Universal Insurance Holdings, Inc.

     25,160         643,844   
     

 

 

 
Total Insurance               21,080,049   
Internet & Catalog Retail – 0.3%      

Nutrisystem, Inc.(a)

     101,116         2,020,297   

PetMed Express, Inc.(a)

     96,817         1,599,417   
     

 

 

 
Total Internet & Catalog Retail               3,619,714   
Internet Software & Services – 0.2%      

EarthLink Holdings Corp.

     448,163         1,989,844   

Marchex, Inc. Class B

     69,794         284,759   

Reis, Inc.

     21,880         561,003   
     

 

 

 
Total Internet Software & Services               2,835,606   
IT Services – 1.4%      

Cass Information Systems, Inc.(a)

     19,519         1,095,797   

Computer Task Group, Inc.

     54,091         395,405   

Convergys Corp.(a)

     133,537         3,053,991   

CSG Systems International, Inc.(a)

     84,872         2,579,260   

Forrester Research, Inc.

     28,256         1,039,256   

Hackett Group, Inc. (The)

     39,125         349,777   

Heartland Payment Systems, Inc.(a)

     22,546         1,056,280   

ManTech International Corp. Class A

     67,417         2,288,133   

Science Applications International Corp.

     100,008         5,135,411   
     

 

 

 
Total IT Services               16,993,310   
Leisure Products – 0.3%      

Arctic Cat, Inc.

     19,143         695,274   

Callaway Golf Co.(a)

     40,019         381,381   

Escalade, Inc.

     39,075         679,124   

Johnson Outdoors, Inc. Class A

     9,026         298,851   

Marine Products Corp.

     54,486         466,945   

Sturm Ruger & Co., Inc.(a)

     30,199         1,498,776   
     

 

 

 
Total Leisure Products               4,020,351   
Machinery – 3.8%      

Actuant Corp. Class A

     8,338         197,944   

Alamo Group, Inc.

     6,242         394,058   

Albany International Corp. Class A

     49,253         1,957,807   

Altra Industrial Motion Corp.

     44,962         1,242,750   

American Railcar Industries, Inc.(a)

     67,296         3,346,630   

Astec Industries, Inc.(a)

     24,083         1,032,679   

Barnes Group, Inc.

     72,109         2,919,693   

Briggs & Stratton Corp.(a)

     112,866         2,318,268   

CIRCOR International, Inc.

     4,416         241,555   

Columbus McKinnon Corp.

     11,436         308,086   

Douglas Dynamics, Inc.

     91,659         2,093,492   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      63   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Dynamic Materials Corp.

     15,513       $ 198,101   

Eastern Co. (The)

     14,618         293,237   

ESCO Technologies, Inc.

     23,407         912,405   

Federal Signal Corp.

     48,496         765,752   

FreightCar America, Inc.

     10,679         335,641   

Global Brass & Copper Holdings, Inc.

     25,466         393,450   

Gorman-Rupp Co. (The)(a)

     34,591         1,036,000   

Graham Corp.

     6,081         145,762   

Greenbrier Cos., Inc. (The)(a)

     34,487         2,000,246   

Hardinge, Inc.

     11,104         128,806   

Harsco Corp.(a)

     378,157         6,526,990   

Hillenbrand, Inc.(a)

     148,691         4,590,091   

Hurco Cos., Inc.

     5,250         172,883   

Hyster-Yale Materials Handling, Inc.

     17,821         1,306,101   

John Bean Technologies Corp.

     31,488         1,124,751   

Kadant, Inc.

     15,702         826,082   

L.B. Foster Co. Class A

     3,807         180,756   

Lindsay Corp.(a)

     14,248         1,086,410   

Miller Industries, Inc.(a)

     33,535         821,608   

Mueller Industries, Inc.

     49,434         1,786,050   

Mueller Water Products, Inc. Class A

     109,897         1,082,485   

NN, Inc.(a)

     27,504         689,800   

Standex International Corp.

     8,045         660,736   

Sun Hydraulics Corp.(a)

     23,874         987,429   

Supreme Industries, Inc. Class A

     19,028         148,989   

Tennant Co.

     21,001         1,372,835   

Titan International, Inc.(a)

     9,916         92,814   

Twin Disc, Inc.

     20,486         361,988   

Watts Water Technologies, Inc. Class A

     27,144         1,493,734   
     

 

 

 
Total Machinery               47,574,894   
Marine – 0.3%      

International Shipholding Corp.(a)

     49,798         603,054   

Matson, Inc.

     80,967         3,413,568   
     

 

 

 
Total Marine               4,016,622   
Media – 3.6%      

A.H. Belo Corp. Class A

     47,425         390,308   

AMC Entertainment Holdings, Inc. Class A

     66,404         2,356,678   

Entravision Communications Corp. Class A(a)

     80,903         512,116   

Harte-Hanks, Inc.

     294,876         2,300,033   

Meredith Corp.(a)

     115,050         6,416,338   

National CineMedia, Inc.

     381,802         5,765,210   

New Media Investment Group, Inc.

     168,477         4,031,655   

New York Times Co. (The) Class A(a)

     177,483         2,442,166   

Nexstar Broadcasting Group, Inc. Class A

     35,175         2,012,713   

Saga Communications, Inc. Class A(a)

     9,691         431,637   

Salem Media Group, Inc. Class A(a)

     59,379         365,775   

Scholastic Corp.(a)

     53,264         2,180,628   

Sinclair Broadcast Group, Inc. Class A(a)

     172,461         5,417,000   

Time, Inc.(a)

     334,165         7,498,663   

Tribune Publishing Co.

     75,180         1,458,492   

World Wrestling Entertainment, Inc. Class A(a)

     136,571         1,913,360   
     

 

 

 
Total Media               45,492,772   
     
Metals & Mining – 2.0%      

Ampco-Pittsburgh Corp.

     41,109       $ 717,763   

Carpenter Technology Corp.(a)

     78,333         3,045,587   

Commercial Metals Co.(a)

     346,074         5,602,938   

Globe Specialty Metals, Inc.

     128,964         2,439,999   

Gold Resource Corp.(a)

     194,312         619,855   

Haynes International, Inc.

     22,680         1,011,755   

Hecla Mining Co.(a)

     133,801         398,727   

Kaiser Aluminum Corp.(a)

     33,423         2,569,894   

Materion Corp.

     19,823         761,798   

Noranda Aluminum Holding Corp.

     74,449         221,114   

Olympic Steel, Inc.(a)

     4,768         64,177   

Schnitzer Steel Industries, Inc. Class A(a)

     85,151         1,350,495   

Synalloy Corp.(a)

     13,992         203,724   

TimkenSteel Corp.(a)

     77,795         2,059,234   

Worthington Industries, Inc.

     133,568         3,554,244   
     

 

 

 
Total Metals & Mining               24,621,304   
Multi-Utilities – 1.7%      

Avista Corp.(a)

     222,703         7,611,988   

Black Hills Corp.(a)

     128,922         6,502,826   

NorthWestern Corp.(a)

     131,927         7,096,353   
     

 

 

 
Total Multi-Utilities               21,211,167   
Multiline Retail – 0.1%      

Bon-Ton Stores, Inc. (The)(a)

     50,903         354,285   

Fred’s, Inc. Class A

     53,693         917,613   
     

 

 

 
Total Multiline Retail               1,271,898   
Oil, Gas & Consumable Fuels – 1.9%      

Adams Resources & Energy, Inc.

     9,150         614,971   

Alon USA Energy, Inc.(a)

     213,173         3,532,277   

Delek U.S. Holdings, Inc.

     128,369         5,102,668   

Evolution Petroleum Corp.

     179,601         1,068,626   

Green Plains, Inc.(a)

     53,513         1,527,796   

Panhandle Oil and Gas, Inc. Class A(a)

     13,209         261,406   

PBF Energy, Inc. Class A

     351,394         11,919,284   
     

 

 

 
Total Oil, Gas & Consumable Fuels               24,027,028   
Paper & Forest Products – 0.8%      

Deltic Timber Corp.(a)

     7,287         482,764   

Neenah Paper, Inc.

     33,579         2,100,030   

PH Glatfelter Co.

     75,156         2,069,045   

Schweitzer-Mauduit International, Inc.(a)

     108,011         4,981,467   

Wausau Paper Corp.(a)

     53,900         513,667   
     

 

 

 
Total Paper & Forest Products               10,146,973   
Personal Products – 1.3%      

Coty, Inc. Class A(a)

     89,640         2,175,563   

Inter Parfums, Inc.(a)

     54,568         1,780,008   

Nu Skin Enterprises, Inc. Class A(a)

     195,276         11,757,568   
     

 

 

 
Total Personal Products               15,713,139   
Pharmaceuticals – 1.1%      

Phibro Animal Health Corp. Class A

     21,530         762,377   

Theravance, Inc.(a)

     826,371         12,990,552   
     

 

 

 
Total Pharmaceuticals               13,752,929   

 

See Notes to Financial Statements.

 

64   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Professional Services – 1.3%      

Acacia Research Corp.(a)

     133,215       $ 1,425,401   

Barrett Business Services, Inc.(a)

     25,929         1,110,798   

CDI Corp.

     58,349         819,804   

Corporate Executive Board Co. (The)

     48,770         3,894,772   

Exponent, Inc.

     15,839         1,408,087   

Heidrick & Struggles International, Inc.

     43,720         1,074,638   

Insperity, Inc.

     58,808         3,075,070   

Kelly Services, Inc. Class A(a)

     42,040         733,178   

Kforce, Inc.

     49,398         1,102,069   

Resources Connection, Inc.

     76,942         1,346,485   

VSE Corp.(a)

     3,949         323,344   
     

 

 

 
Total Professional Services               16,313,646   
Real Estate Investment Trusts (REITs) – 12.2%      

Acadia Realty Trust

     69,092         2,409,929   

Agree Realty Corp.

     29,774         981,649   

Alexander’s, Inc.(a)

     5,799         2,647,707   

American Assets Trust, Inc.

     36,716         1,589,068   

Armada Hoffler Properties, Inc.

     59,671         636,093   

Ashford Hospitality Prime, Inc.

     10,071         168,891   

Ashford Hospitality Trust, Inc.(a)

     149,631         1,439,450   

Associated Estates Realty Corp.(a)

     70,808         1,747,541   

Aviv REIT, Inc.

     70,677         2,579,710   

Campus Crest Communities, Inc.(a)

     206,778         1,480,530   

CatchMark Timber Trust, Inc. Class A

     54,136         634,474   

Cedar Realty Trust, Inc.

     84,180         630,508   

Chambers Street Properties

     534,879         4,214,847   

Chatham Lodging Trust

     40,489         1,190,781   

Chesapeake Lodging Trust

     66,622         2,253,822   

CorEnergy Infrastructure Trust, Inc.

     135,537         939,271   

CoreSite Realty Corp.(a)

     28,307         1,377,985   

Corporate Office Properties Trust(a)

     128,847         3,785,525   

Cousins Properties, Inc.(a)

     208,942         2,214,785   

CyrusOne, Inc.

     44,206         1,375,691   

DuPont Fabros Technology, Inc.(a)

     96,049         3,138,881   

EastGroup Properties, Inc.(a)

     40,982         2,464,657   

Education Realty Trust, Inc.(a)

     69,267         2,450,666   

Empire State Realty Trust, Inc. Class A(a)

     71,911         1,352,646   

Excel Trust, Inc.

     116,886         1,638,742   

FelCor Lodging Trust, Inc.

     33,171         381,135   

First Industrial Realty Trust, Inc.

     81,466         1,745,816   

First Potomac Realty Trust

     103,499         1,230,603   

Franklin Street Properties Corp.

     226,107         2,898,692   

Getty Realty Corp.

     59,103         1,075,675   

Gladstone Commercial Corp.(a)

     57,583         1,071,620   

Government Properties Income Trust(a)

     187,998         4,295,754   

Gramercy Property Trust, Inc.

     23,790         667,771   

Healthcare Realty Trust, Inc.

     155,460         4,318,679   

Hersha Hospitality Trust

     277,663         1,796,480   

Hudson Pacific Properties, Inc.

     41,243         1,368,855   

Independence Realty Trust, Inc.(a)

     86,935         825,013   

Inland Real Estate Corp.

     189,226         2,022,826   

Investors Real Estate Trust

     260,661         1,954,958   

Kite Realty Group Trust

     111,587         3,143,406   
     

Lexington Realty Trust(a)

     510,595       $ 5,019,149   

LTC Properties, Inc.

     59,608         2,741,968   

Mack-Cali Realty Corp.

     102,320         1,972,730   

Medical Properties Trust, Inc.(a)

     381,514         5,623,516   

Monmouth Real Estate Investment Corp. Class A

     113,558         1,261,629   

National Health Investors, Inc.(a)

     54,078         3,840,079   

New York REIT, Inc.(a)

     246,606         2,584,431   

One Liberty Properties, Inc.

     36,607         893,943   

Parkway Properties, Inc.

     168,409         2,921,896   

Pennsylvania Real Estate Investment Trust

     86,798         2,016,318   

Physicians Realty Trust(a)

     96,296         1,695,773   

Potlatch Corp.

     49,545         1,983,782   

Preferred Apartment Communities, Inc. Class A

     58,552         633,533   

PS Business Parks, Inc.

     24,843         2,062,963   

QTS Realty Trust, Inc. Class A

     37,698         1,372,584   

Ramco-Gershenson Properties Trust

     122,031         2,269,777   

Retail Opportunity Investments Corp.(a)

     130,350         2,385,405   

Rexford Industrial Realty, Inc.

     48,045         759,591   

Rouse Properties, Inc.(a)

     76,341         1,447,425   

Ryman Hospitality Properties, Inc.

     76,270         4,645,606   

Sabra Health Care REIT, Inc.(a)

     105,452         3,495,734   

Saul Centers, Inc.

     21,377         1,222,764   

Select Income REIT(a)

     169,026         4,223,960   

Silver Bay Realty Trust Corp.

     13,506         218,257   

STAG Industrial, Inc.(a)

     126,462         2,974,386   

Starwood Waypoint Residential Trust(a)

     28,664         740,964   

Summit Hotel Properties, Inc.

     122,218         1,719,607   

Terreno Realty Corp.

     38,103         868,748   

Trade Street Residential, Inc.(a)

     65,052         465,772   

UMH Properties, Inc.(a)

     67,958         684,337   

Universal Health Realty Income Trust

     23,948         1,347,075   

Urstadt Biddle Properties, Inc. Class A

     42,743         985,654   

Washington Real Estate Investment Trust

     106,076         2,930,880   

Whitestone REIT(a)

     63,843         1,013,827   

Winthrop Realty Trust

     48,030         783,850   

WP GLIMCHER, Inc.

     361,701         6,015,088   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               151,964,133   
Real Estate Management & Development – 0.1%      

Alexander & Baldwin, Inc.(a)

     9,379         404,985   

Consolidated-Tomoka Land Co.(a)

     404         24,103   

Griffin Land & Nurseries, Inc.(a)

     2,168         66,688   

Kennedy-Wilson Holdings, Inc.(a)

     49,090         1,283,213   

RE/MAX Holdings, Inc. Class A(a)

     2,888         95,910   
     

 

 

 
Total Real Estate Management & Development         1,874,899   
Road & Rail – 0.3%      

ArcBest Corp.(a)

     13,231         501,323   

Celadon Group, Inc.

     8,333         226,824   

Heartland Express, Inc.(a)

     26,410         627,502   

Marten Transport Ltd.(a)

     15,092         350,134   

Universal Truckload Services, Inc.(a)

     28,552         718,939   

Werner Enterprises, Inc.(a)

     45,295         1,422,716   
     

 

 

 
Total Road & Rail               3,847,438   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      65   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Semiconductors & Semiconductor Equipment – 1.7%      

Brooks Automation, Inc.

     210,956       $ 2,453,418   

Cohu, Inc.

     50,433         551,737   

Integrated Silicon Solution, Inc.

     42,880         767,123   

Intersil Corp. Class A

     453,720         6,497,271   

IXYS Corp.

     32,730         403,234   

Micrel, Inc.

     80,492         1,213,819   

MKS Instruments, Inc.

     93,194         3,150,889   

Monolithic Power Systems, Inc.

     45,710         2,406,632   

Power Integrations, Inc.(a)

     26,630         1,386,890   

Tessera Technologies, Inc.

     58,206         2,344,538   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         21,175,551   
Software – 1.3%      

Advent Software, Inc.

     85,059         3,751,953   

American Software, Inc. Class A

     116,757         1,193,257   

Blackbaud, Inc.

     49,632         2,351,564   

Digimarc Corp.(a)

     11,298         247,991   

Ebix, Inc.(a)

     66,212         2,011,521   

Epiq Systems, Inc.

     79,597         1,427,174   

Fair Isaac Corp.(a)

     3,371         299,075   

Mentor Graphics Corp.(a)

     101,917         2,449,066   

Monotype Imaging Holdings, Inc.

     44,024         1,436,943   

Pegasystems, Inc.

     43,547         947,147   

QAD, Inc. Class A

     16,537         400,195   
     

 

 

 
Total Software               16,515,886   
Specialty Retail – 4.1%      

Aaron’s, Inc.(a)

     23,516         665,738   

Abercrombie & Fitch Co. Class A(a)

     196,883         4,339,301   

bebe stores, Inc.(a)

     176,122         639,323   

Big 5 Sporting Goods Corp.

     65,873         874,135   

Brown Shoe Co., Inc.

     37,896         1,242,989   

Buckle, Inc. (The)(a)

     81,524         4,165,061   

Cato Corp. (The) Class A

     74,040         2,931,984   

Chico’s FAS, Inc.(a)

     281,148         4,973,508   

Children’s Place, Inc. (The)(a)

     19,786         1,270,063   

Destination Maternity Corp.

     70,010         1,054,351   

Finish Line, Inc. (The) Class A

     51,770         1,269,400   

Group 1 Automotive, Inc.(a)

     19,724         1,702,773   

Guess?, Inc.(a)

     360,814         6,707,532   

Haverty Furniture Cos., Inc.

     30,199         751,351   

Lithia Motors, Inc. Class A(a)

     17,214         1,711,244   

Men’s Wearhouse, Inc. (The)(a)

     80,333         4,193,383   

Monro Muffler Brake, Inc.(a)

     27,627         1,797,136   

Pier 1 Imports, Inc.(a)

     154,661         2,162,161   

Rent-A-Center, Inc.

     148,845         4,084,307   

Shoe Carnival, Inc.

     18,190         535,514   

Sonic Automotive, Inc. Class A

     13,652         339,935   

Stage Stores, Inc.

     86,781         1,989,020   

Stein Mart, Inc.

     89,041         1,108,560   

Winmark Corp.(a)

     1,694         148,344   
     

 

 

 
Total Specialty Retail               50,657,113   
     
Technology Hardware, Storage & Peripherals – 1.3%      

Astro-Med, Inc.

     13,645       $ 190,894   

Diebold, Inc.(a)

     209,651         7,434,224   

Lexmark International, Inc. Class A(a)

     214,908         9,099,205   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         16,724,323   
Textiles, Apparel & Luxury Goods – 0.3%      

Culp, Inc.

     10,999         294,223   

Movado Group, Inc.

     26,496         755,666   

Oxford Industries, Inc.(a)

     23,641         1,783,713   

Rocky Brands, Inc.

     19,451         420,142   

Superior Uniform Group, Inc.

     27,848         528,277   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         3,782,021   
Thrifts & Mortgage Finance – 1.4%      

Astoria Financial Corp.

     43,486         563,144   

Bank Mutual Corp.

     47,673         348,966   

BankFinancial Corp.

     9,043         118,825   

Brookline Bancorp, Inc.

     89,731         901,797   

Cape Bancorp, Inc.(a)

     13,543         129,471   

Capitol Federal Financial, Inc.(a)

     121,347         1,516,837   

Clifton Bancorp, Inc.(a)

     16,985         239,658   

Dime Community Bancshares, Inc.

     48,172         775,569   

ESSA Bancorp, Inc.

     10,304         132,097   

EverBank Financial Corp.(a)

     39,218         707,101   

Federal Agricultural Mortgage Corp. Class C

     8,021         226,112   

First Defiance Financial Corp.

     8,600         282,252   

First Financial Northwest, Inc.

     11,609         143,371   

Fox Chase Bancorp, Inc.

     14,051         236,478   

Hampden Bancorp, Inc.

     3,013         66,678   

Heritage Financial Group, Inc.

     3,824         104,128   

Hingham Institution for Savings

     1,332         131,868   

Meta Financial Group, Inc.

     3,796         150,815   

Northfield Bancorp, Inc.(a)

     33,762         500,353   

Northwest Bancshares, Inc.(a)

     141,318         1,674,618   

OceanFirst Financial Corp.

     21,828         376,970   

Oritani Financial Corp.

     77,334         1,125,210   

Provident Financial Holdings, Inc.

     9,281         148,403   

Provident Financial Services, Inc.

     80,484         1,501,027   

Prudential Bancorp, Inc.

     578         7,329   

Pulaski Financial Corp.

     13,399         165,746   

Territorial Bancorp, Inc.(a)

     11,448         272,004   

TrustCo Bank Corp.(a)

     133,776         920,379   

United Community Financial Corp.

     13,332         72,793   

United Financial Bancorp, Inc.

     53,026         659,113   

Washington Federal, Inc.(a)

     95,642         2,085,474   

Waterstone Financial, Inc.

     19,028         244,319   

Westfield Financial, Inc.

     17,613         136,148   

WSFS Financial Corp.

     3,065         231,806   
     

 

 

 
Total Thrifts & Mortgage Finance               16,896,859   
Tobacco – 1.8%      

Universal Corp.(a)

     111,215         5,244,899   

Vector Group Ltd.

     786,096         17,270,529   
     

 

 

 
Total Tobacco               22,515,428   

 

See Notes to Financial Statements.

 

66   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Trading Companies & Distributors – 1.5%      

Applied Industrial Technologies, Inc.

     89,690       $ 4,066,544   

H&E Equipment Services, Inc.

     126,738         3,167,183   

Houston Wire & Cable Co.

     67,500         656,775   

Kaman Corp.(a)

     43,814         1,859,028   

TAL International Group, Inc.*

     233,962         9,529,272   
     

 

 

 
Total Trading Companies & Distributors         19,278,802   
Water Utilities – 1.0%      

American States Water Co.

     91,340         3,643,553   

Artesian Resources Corp. Class A(a)

     30,887         660,673   

California Water Service Group

     127,101         3,115,245   

Connecticut Water Service, Inc.(a)

     32,329         1,174,512   

Middlesex Water Co.(a)

     54,297         1,235,800   

SJW Corp.

     48,368         1,495,055   

York Water Co.(a)

     33,699         818,212   
     

 

 

 
Total Water Utilities               12,143,050   
Wireless Telecommunication Services – 0.6%      

Shenandoah Telecommunications Co.

     37,671         1,173,828   

Spok Holdings, Inc.

     64,554         1,237,500   

Telephone & Data Systems, Inc.

     221,055         5,504,270   
     

 

 

 
Total Wireless Telecommunication Services         7,915,598   

TOTAL COMMON STOCKS

(Cost: $1,114,170,257)

              1,244,801,406   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree MidCap Dividend Fund(a)(b)

(Cost: $1,672,451)

     20,701         1,781,942   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 24.5%       
United States – 24.5%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $306,020,247)(d)      306,020,247         306,020,247   

TOTAL INVESTMENTS IN SECURITIES – 124.3%

(Cost: $1,421,862,955)

  

  

     1,552,603,595   

Liabilities in Excess of Cash and Other Assets – (24.3)%

  

     (303,671,288
     

 

 

 
NET ASSETS – 100.0%             $ 1,248,932,307   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $318,884,033 and the total market value of the collateral held by the Fund was $327,227,139. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $21,206,892. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      67   


Table of Contents

Schedule of Investments

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.6%      
Puerto Rico – 0.4%      
Banks – 0.2%      

First BanCorp*(a)

     127,932       $ 793,178   
IT Services – 0.2%      

EVERTEC, Inc.

     37,011         809,061   
Total Puerto Rico         1,602,239   
United States – 99.2%      
Aerospace & Defense – 0.9%      

AAR Corp.(a)

     27,569         846,368   

Aerovironment, Inc.*(a)

     5,091         134,962   

American Science & Engineering, Inc.(a)

     736         35,961   

Astronics Corp.*

     10,324         760,879   

Cubic Corp.

     14,349         742,848   

Ducommun, Inc.*

     3,745         96,996   

Engility Holdings, Inc.(a)

     11,995         360,330   

National Presto Industries, Inc.(a)

     5,859         371,402   

Sparton Corp.*(a)

     4,367         106,991   

Taser International, Inc.*(a)

     9,500         229,045   
     

 

 

 
Total Aerospace & Defense         3,685,782   
Air Freight & Logistics – 0.8%      

Air Transport Services Group, Inc.*

     44,053         406,169   

Atlas Air Worldwide Holdings, Inc.*(a)

     24,122         1,037,729   

Echo Global Logistics, Inc.*(a)

     6,013         163,914   

Forward Air Corp.(a)

     13,188         716,108   

Hub Group, Inc. Class A*(a)

     17,657         693,744   

Park-Ohio Holdings Corp.

     7,442         391,970   
     

 

 

 
Total Air Freight & Logistics         3,409,634   
Airlines – 0.4%      

Hawaiian Holdings, Inc.*(a)

     37,652         829,285   

Republic Airways Holdings, Inc.*(a)

     58,924         810,205   
     

 

 

 
Total Airlines         1,639,490   
Auto Components – 2.5%      

American Axle & Manufacturing Holdings, Inc.*

     84,617         2,185,657   

China XD Plastics Co., Ltd.*(a)

     154,276         748,239   

Cooper-Standard Holding, Inc.*(a)

     6,941         410,907   

Dorman Products, Inc.*(a)

     19,821         986,095   

Drew Industries, Inc.

     14,450         889,253   

Fox Factory Holding Corp.*

     20,775         318,688   

Gentherm, Inc.*(a)

     20,014         1,010,907   

Modine Manufacturing Co.*(a)

     108,698         1,464,162   

Motorcar Parts of America, Inc.*(a)

     3,273         90,957   

Remy International, Inc.(a)

     14,819         329,130   

Shiloh Industries, Inc.*(a)

     20,213         283,790   

Spartan Motors, Inc.

     3,651         17,707   

Standard Motor Products, Inc.(a)

     16,823         710,940   

Stoneridge, Inc.*

     5,796         65,437   

Strattec Security Corp.(a)

     2,828         208,820   

Superior Industries International, Inc.(a)

     8,009         151,610   

Tower International, Inc.*

     29,921         795,899   
     

 

 

 
Total Auto Components         10,668,198   
     
Automobiles – 0.1%      

Winnebago Industries, Inc.(a)

     14,273       $ 303,444   
Banks – 10.5%      

1st Source Corp.(a)

     16,557         531,976   

American National Bankshares, Inc.(a)

     5,587         126,154   

Ameris Bancorp

     10,576         279,101   

Arrow Financial Corp.(a)

     8,075         219,236   

Banc of California, Inc.(a)

     9,588         118,028   

BancFirst Corp.(a)

     9,089         554,247   

Bancorp, Inc.*(a)

     14,619         132,010   

Bank of Kentucky Financial Corp.

     3,987         195,562   

Banner Corp.

     11,911         546,715   

BBCN Bancorp, Inc.

     56,884         823,112   

Berkshire Hills Bancorp, Inc.

     12,049         333,757   

Boston Private Financial Holdings, Inc.

     44,181         536,799   

Bridge Bancorp, Inc.(a)

     4,724         122,021   

Bridge Capital Holdings*(a)

     7,505         195,956   

Bryn Mawr Bank Corp.

     8,652         263,107   

C&F Financial Corp.

     2,986         104,361   

Camden National Corp.(a)

     6,156         245,255   

Capital Bank Financial Corp. Class A*(a)

     17,174         474,174   

Capital City Bank Group, Inc.

     7,171         116,529   

Cardinal Financial Corp.(a)

     13,789         275,504   

Centerstate Banks, Inc.(a)

     8,141         96,959   

Central Pacific Financial Corp.(a)

     18,797         431,767   

Chemical Financial Corp.(a)

     20,111         630,681   

City Holding Co.(a)

     10,836         509,617   

CNB Financial Corp.(a)

     10,919         185,841   

CoBiz Financial, Inc.

     21,796         268,527   

Columbia Banking System, Inc.

     27,492         796,443   

Community Bank System, Inc.(a)

     21,037         744,499   

Community Trust Bancorp, Inc.

     10,865         360,283   

ConnectOne Bancorp, Inc.(a)

     8,181         159,202   

Customers Bancorp, Inc.*

     19,828         483,010   

CVB Financial Corp.(a)

     62,095         989,794   

Enterprise Financial Services Corp.

     12,051         248,974   

Farmers Capital Bank Corp.*

     5,341         124,178   

Fidelity Southern Corp.

     15,745         265,776   

Financial Institutions, Inc.

     10,088         231,318   

First Bancorp(a)

     11,914         209,210   

First Busey Corp.(a)

     44,478         297,558   

First Business Financial Services, Inc.(a)

     2,788         120,553   

First Commonwealth Financial Corp.(a)

     45,815         412,335   

First Community Bancshares, Inc.

     14,072         246,682   

First Connecticut Bancorp, Inc.(a)

     4,298         66,060   

First Financial Bancorp(a)

     27,210         484,610   

First Financial Corp.(a)

     9,500         340,955   

First Interstate BancSystem, Inc.(a)

     28,154         783,244   

First Merchants Corp.

     23,903         562,677   

First Midwest Bancorp, Inc.

     37,743         655,596   

First NBC Bank Holding Co.*

     14,141         466,370   

Flushing Financial Corp.(a)

     21,840         438,329   

German American Bancorp, Inc.(a)

     8,868         260,985   

 

See Notes to Financial Statements.

 

68   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Great Southern Bancorp, Inc.(a)

     10,107       $ 398,115   

Guaranty Bancorp

     10,344         175,434   

Hanmi Financial Corp.(a)

     20,084         424,777   

Heartland Financial USA, Inc.

     13,165         429,574   

Heritage Financial Corp.

     7,798         132,566   

Hilltop Holdings, Inc.*

     47,894         931,059   

HomeTrust Bancshares, Inc.*

     5,595         89,352   

Horizon Bancorp(a)

     6,441         150,655   

Hudson Valley Holding Corp.

     4,184         106,943   

Independent Bank Corp.

     12,071         529,555   

Independent Bank Corp.(a)

     13,744         176,336   

Independent Bank Group, Inc.(a)

     5,035         195,912   

International Bancshares Corp.(a)

     60,034         1,562,685   

Lakeland Bancorp, Inc.

     25,188         289,662   

Lakeland Financial Corp.(a)

     9,850         399,713   

LegacyTexas Financial Group, Inc.

     13,903         316,015   

MainSource Financial Group, Inc.

     15,178         298,096   

Mercantile Bank Corp.(a)

     7,608         148,736   

Merchants Bancshares, Inc.

     4,172         121,697   

Metro Bancorp, Inc.(a)

     7,651         210,938   

MidSouth Bancorp, Inc.(a)

     9,924         146,379   

MidWestOne Financial Group, Inc.

     6,340         182,782   

National Bank Holdings Corp. Class A

     3,864         72,682   

National Penn Bancshares, Inc.

     87,400         941,298   

NBT Bancorp, Inc.(a)

     23,513         589,236   

NewBridge Bancorp(a)

     12,809         114,256   

Northrim BanCorp, Inc.(a)

     4,183         102,651   

OFG Bancorp(a)

     40,234         656,619   

Old National Bancorp

     66,411         942,372   

Opus Bank(a)

     48,255         1,490,114   

Pacific Continental Corp.

     10,868         143,675   

Pacific Premier Bancorp, Inc.*

     9,585         155,181   

Park National Corp.(a)

     7,916         677,293   

Park Sterling Corp.

     16,857         119,685   

Peapack Gladstone Financial Corp.

     6,808         147,053   

Penns Woods Bancorp, Inc.(a)

     3,191         156,072   

Peoples Bancorp, Inc.(a)

     6,801         160,776   

Peoples Financial Services Corp.

     2,153         96,605   

Pinnacle Financial Partners, Inc.(a)

     16,481         732,745   

Preferred Bank(a)

     8,545         234,731   

Renasant Corp.(a)

     17,818         535,431   

Republic Bancorp, Inc. Class A(a)

     9,549         236,147   

S&T Bancorp, Inc.(a)

     18,077         513,025   

Sandy Spring Bancorp, Inc.(a)

     16,828         441,398   

Seacoast Banking Corp. of Florida*(a)

     5,506         78,571   

ServisFirst Bancshares, Inc.(a)

     14,579         480,961   

Sierra Bancorp(a)

     9,226         154,074   

Simmons First National Corp. Class A(a)

     5,899         268,228   

South State Corp.

     9,637         659,074   

Southside Bancshares, Inc.

     11,755         337,251   

Southwest Bancorp, Inc.

     10,397         184,963   

Square 1 Financial, Inc. Class A*

     12,184         326,166   

Sterling Bancorp

     19,040         255,326   

Stock Yards Bancorp, Inc.(a)

     9,221         317,479   
     

Stonegate Bank

     2,754       $ 83,143   

Suffolk Bancorp

     5,109         121,390   

Tompkins Financial Corp.(a)

     10,063         541,893   

TowneBank(a)

     35,486         570,615   

Trico Bancshares

     9,206         222,141   

Tristate Capital Holdings, Inc.*(a)

     13,946         146,015   

Trustmark Corp.(a)

     50,521         1,226,650   

Union Bankshares Corp.(a)

     18,218         404,622   

United Community Banks, Inc.

     31,949         603,197   

Univest Corp. of Pennsylvania

     10,419         206,192   

Washington Trust Bancorp, Inc.(a)

     8,935         341,228   

WesBanco, Inc.(a)

     19,796         644,954   

West Bancorp, Inc.(a)

     10,459         208,030   

Westamerica Bancorp(a)

     12,170         525,866   

Wilshire Bancorp, Inc.(a)

     51,341         511,870   

Yadkin Financial Corp.*(a)

     1,294         26,268   
     

 

 

 
Total Banks         44,187,830   
Beverages – 0.2%      

Coca-Cola Bottling Co. Consolidated(a)

     4,077         460,946   

Craft Brew Alliance, Inc.*(a)

     2,495         34,032   

MGP Ingredients, Inc.

     1,736         23,366   

National Beverage Corp.*

     20,687         504,970   
     

 

 

 
Total Beverages         1,023,314   
Biotechnology – 1.9%      

Acorda Therapeutics, Inc.*(a)

     6,473         215,421   

Adamas Pharmaceuticals, Inc.*

     24,018         420,075   

Alder Biopharmaceuticals, Inc.*(a)

     5,076         146,493   

Anacor Pharmaceuticals, Inc.*

     16,936         979,748   

BioSpecifics Technologies Corp.*

     1,314         51,443   

China Biologic Products, Inc.*

     10,813         1,032,750   

Emergent Biosolutions, Inc.*

     9,255         266,174   

Enanta Pharmaceuticals, Inc.*(a)

     8,502         260,331   

Insys Therapeutics, Inc.*(a)

     13,833         804,112   

Ligand Pharmaceuticals, Inc.*(a)

     2,857         220,303   

PDL BioPharma, Inc.(a)

     478,362         3,365,277   

Progenics Pharmaceuticals, Inc.*(a)

     6,912         41,334   

Repligen Corp.*(a)

     6,222         188,900   
     

 

 

 
Total Biotechnology         7,992,361   
Building Products – 1.2%      

AAON, Inc.(a)

     21,459         526,389   

American Woodmark Corp.*

     6,886         376,871   

Apogee Enterprises, Inc.(a)

     10,026         433,123   

Builders FirstSource, Inc.*(a)

     36,028         240,307   

Continental Building Products, Inc.*(a)

     7,882         178,054   

Gibraltar Industries, Inc.*(a)

     13,369         219,385   

Griffon Corp.(a)

     1,550         27,017   

Insteel Industries, Inc.(a)

     5,922         128,093   

NCI Building Systems, Inc.*(a)

     2,330         40,262   

Patrick Industries, Inc.*

     7,439         463,227   

PGT, Inc.*

     22,805         254,846   

Quanex Building Products Corp.(a)

     2,403         47,435   

Simpson Manufacturing Co., Inc.

     20,055         749,455   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      69   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Trex Co., Inc.*(a)

     13,622       $ 742,808   

Universal Forest Products, Inc.

     11,719         650,170   
     

 

 

 
Total Building Products         5,077,442   
Capital Markets – 1.9%      

Arlington Asset Investment Corp. Class A(a)

     26,499         637,566   

BGC Partners, Inc. Class A

     28,748         271,669   

Calamos Asset Management, Inc. Class A

     14,537         195,523   

Cowen Group, Inc. Class A*(a)

     54,379         282,771   

Diamond Hill Investment Group, Inc.

     1,812         289,920   

Evercore Partners, Inc. Class A

     14,060         726,340   

FBR & Co.*(a)

     8,402         194,170   

Financial Engines, Inc.(a)

     9,766         408,512   

FXCM, Inc. Class A(a)

     2,582         5,500   

Greenhill & Co., Inc.(a)

     10,163         402,963   

HFF, Inc. Class A

     15,625         586,562   

Interactive Brokers Group, Inc. Class A(a)

     14,026         477,164   

INTL FCStone, Inc.*

     8,085         240,367   

Investment Technology Group, Inc.*

     22,149         671,336   

KCG Holdings, Inc. Class A*(a)

     31,239         382,990   

Ladenburg Thalmann Financial Services, Inc.*

     18,800         72,568   

Manning & Napier, Inc.

     1,123         14,610   

Moelis & Co. Class A

     5,884         177,226   

Oppenheimer Holdings, Inc. Class A

     8,166         191,574   

Piper Jaffray Cos.*(a)

     11,806         619,343   

Pzena Investment Management, Inc. Class A

     8,175         74,965   

Silvercrest Asset Management Group, Inc. Class A

     1,714         24,424   

Virtus Investment Partners, Inc.

     5,919         774,028   

Walter Investment Management Corp.*(a)

     13,075         211,161   

Westwood Holdings Group, Inc.

     4,193         252,838   
     

 

 

 
Total Capital Markets         8,186,090   
Chemicals – 2.4%      

A. Schulman, Inc.(a)

     15,192         732,254   

American Vanguard Corp.(a)

     3,601         38,243   

Calgon Carbon Corp.

     27,601         581,553   

Chase Corp.(a)

     7,413         324,170   

Ferro Corp.*

     47,189         592,222   

Flotek Industries, Inc.*(a)

     32,772         483,059   

FutureFuel Corp.

     45,051         462,674   

Hawkins, Inc.(a)

     5,418         205,830   

Innophos Holdings, Inc.

     13,573         764,974   

Innospec, Inc.

     21,970         1,019,188   

Kraton Performance Polymers, Inc.*

     14,145         285,870   

Kronos Worldwide, Inc.(a)

     87,727         1,109,747   

OM Group, Inc.

     10,151         304,835   

OMNOVA Solutions, Inc.*(a)

     19,210         163,861   

Quaker Chemical Corp.(a)

     7,765         664,995   

Rayonier Advanced Materials, Inc.(a)

     50,280         749,172   

Stepan Co.

     18,361         764,919   

Trecora Resources*(a)

     11,512         140,446   

Tredegar Corp.

     22,124         444,914   

Zep, Inc.

     6,589         112,211   
     

 

 

 
Total Chemicals         9,945,137   
     
Commercial Services & Supplies – 2.9%      

ABM Industries, Inc.(a)

     30,010       $ 956,119   

ACCO Brands Corp.*

     118,536         985,034   

Brady Corp. Class A(a)

     6,092         172,343   

Brink’s Co. (The)(a)

     674         18,623   

CECO Environmental Corp.(a)

     11,443         121,410   

Civeo Corp.(a)

     174,569         443,405   

Courier Corp.(a)

     8,239         201,691   

Ennis, Inc.

     29,020         409,762   

G&K Services, Inc. Class A

     10,150         736,180   

Heritage-Crystal Clean, Inc.*

     5,859         68,550   

Herman Miller, Inc.

     11,649         323,376   

InnerWorkings, Inc.*(a)

     6,104         41,019   

Interface, Inc.

     20,400         423,912   

Kimball International, Inc. Class B

     39,342         412,304   

Knoll, Inc.

     23,032         539,640   

Matthews International Corp. Class A(a)

     11,618         598,443   

McGrath RentCorp(a)

     13,718         451,459   

Multi-Color Corp.(a)

     9,702         672,640   

Performant Financial Corp.*(a)

     34,547         117,460   

Quad/Graphics, Inc.

     25,304         581,486   

SP Plus Corp.*

     8,827         192,870   

Team, Inc.*

     8,737         340,568   

Tetra Tech, Inc.

     35,656         856,457   

U.S. Ecology, Inc.(a)

     10,621         530,731   

United Stationers, Inc.(a)

     35,599         1,459,203   

Viad Corp.

     17,949         499,341   
     

 

 

 
Total Commercial Services & Supplies         12,154,026   
Communications Equipment – 1.1%      

ADTRAN, Inc.(a)

     21,331         398,250   

Alliance Fiber Optic Products, Inc.

     15,935         277,588   

Applied Optoelectronics, Inc.*(a)

     3,389         47,039   

Bel Fuse, Inc. Class B

     6,256         119,052   

Black Box Corp.

     8,865         185,544   

CalAmp Corp.*

     7,750         125,472   

Clearfield, Inc.*(a)

     4,903         72,662   

Comtech Telecommunications Corp.

     8,663         250,794   

Digi International, Inc.*(a)

     2,425         24,202   

Finisar Corp.*

     55,461         1,183,538   

InterDigital, Inc.(a)

     17,807         903,527   

NETGEAR, Inc.*(a)

     19,096         627,876   

Numerex Corp. Class A*(a)

     1,480         16,872   

Polycom, Inc.*

     16,454         220,484   

Ruckus Wireless, Inc.*(a)

     4,958         63,809   

TESSCO Technologies, Inc.(a)

     5,751         141,820   
     

 

 

 
Total Communications Equipment         4,658,529   
Construction & Engineering – 1.0%      

Aegion Corp.*

     9,541         172,215   

Ameresco, Inc. Class A*(a)

     4,910         36,334   

Argan, Inc.

     11,819         427,493   

Comfort Systems USA, Inc.

     12,176         256,183   

Dycom Industries, Inc.*

     12,443         607,716   

 

See Notes to Financial Statements.

 

70   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Furmanite Corp.*

     14,751       $ 116,386   

Great Lakes Dredge & Dock Corp.*(a)

     3,719         22,351   

MYR Group, Inc.*(a)

     14,041         440,045   

Orion Marine Group, Inc.*

     4,031         35,715   

Primoris Services Corp.(a)

     38,335         658,979   

Tutor Perini Corp.*(a)

     66,018         1,541,520   
     

 

 

 
Total Construction & Engineering         4,314,937   
Construction Materials – 0.1%      

Headwaters, Inc.*

     12,391         227,251   

United States Lime & Minerals, Inc.(a)

     2,963         191,113   
     

 

 

 
Total Construction Materials         418,364   
Consumer Finance – 1.1%      

Cash America International, Inc.(a)

     50,494         1,176,510   

Consumer Portfolio Services, Inc.*(a)

     34,004         237,688   

Encore Capital Group, Inc.*(a)

     23,269         967,758   

EZCORP, Inc. Class A*(a)

     39,324         359,028   

First Cash Financial Services, Inc.*

     13,789         641,464   

Green Dot Corp. Class A*(a)

     14,653         233,276   

Regional Management Corp.*(a)

     13,950         205,902   

World Acceptance Corp.*(a)

     12,927         942,637   
     

 

 

 
Total Consumer Finance         4,764,263   
Containers & Packaging – 0.0%      

Myers Industries, Inc.(a)

     8,757         153,510   
Distributors – 0.2%      

Core-Mark Holding Co., Inc.

     7,515         483,365   

VOXX International Corp.*(a)

     28,809         263,890   

Weyco Group, Inc.(a)

     7,559         226,014   
     

 

 

 
Total Distributors         973,269   
Diversified Consumer Services – 0.6%      

American Public Education, Inc.*(a)

     12,130         363,658   

Bridgepoint Education, Inc.*(a)

     16,065         155,027   

Capella Education Co.

     5,566         361,122   

Carriage Services, Inc.(a)

     6,604         157,638   

Collectors Universe, Inc.(a)

     4,084         92,135   

K12, Inc.*

     16,721         262,854   

Liberty Tax, Inc.*

     5,080         141,376   

LifeLock, Inc.*(a)

     33,656         474,886   

Strayer Education, Inc.*(a)

     2,142         114,404   

Universal Technical Institute, Inc.(a)

     1,675         16,080   

Weight Watchers International, Inc.*

     54,752         382,717   
     

 

 

 
Total Diversified Consumer Services         2,521,897   
Diversified Financial Services – 0.1%      

Gain Capital Holdings, Inc.(a)

     19,604         191,531   

Marlin Business Services Corp.

     8,673         173,720   

NewStar Financial, Inc.*(a)

     13,264         155,587   

Resource America, Inc. Class A(a)

     6,778         61,680   
     

 

 

 
Total Diversified Financial Services         582,518   
Diversified Telecommunication Services – 0.8%      

Atlantic Tele-Network, Inc.

     8,237         570,165   

Cogent Communications Holdings, Inc.(a)

     15,296         540,408   

Consolidated Communications Holdings, Inc.(a)

     12,331         251,552   
     

General Communication, Inc. Class A*

     14,172       $ 223,351   

Hawaiian Telcom Holdco, Inc.*

     3,682         98,052   

IDT Corp. Class B(a)

     10,174         180,589   

Inteliquent, Inc.

     24,068         378,830   

Iridium Communications, Inc.*(a)

     67,411         654,561   

Lumos Networks Corp.

     14,607         222,903   

ORBCOMM, Inc.*(a)

     2,826         16,871   

Premiere Global Services, Inc.*

     13,766         131,603   

Straight Path Communications, Inc. Class B*(a)

     1,074         21,394   

Vonage Holdings Corp.*(a)

     61,128         300,138   
     

 

 

 
Total Diversified Telecommunication Services         3,590,417   
Electric Utilities – 0.9%      

El Paso Electric Co.

     26,259         1,014,648   

Empire District Electric Co. (The)

     29,806         739,785   

MGE Energy, Inc.(a)

     20,248         897,391   

Otter Tail Corp.(a)

     23,723         763,169   

Unitil Corp.(a)

     7,949         276,387   
     

 

 

 
Total Electric Utilities         3,691,380   
Electrical Equipment – 0.8%      

Allied Motion Technologies, Inc.

     5,326         176,770   

AZZ, Inc.(a)

     12,344         575,107   

Encore Wire Corp.

     13,316         504,410   

Franklin Electric Co., Inc.(a)

     23,567         898,845   

Global Power Equipment Group, Inc.(a)

     13,140         173,448   

LSI Industries, Inc.

     3,005         24,491   

Powell Industries, Inc.(a)

     7,804         263,541   

Preformed Line Products Co.(a)

     3,301         139,071   

SL Industries, Inc.*

     3,796         162,279   

Thermon Group Holdings, Inc.*

     22,185         533,993   
     

 

 

 
Total Electrical Equipment         3,451,955   
Electronic Equipment, Instruments & Components – 3.3%      

Badger Meter, Inc.(a)

     5,911         354,305   

Benchmark Electronics, Inc.*

     56,314         1,353,225   

Checkpoint Systems, Inc.

     1,024         11,080   

Coherent, Inc.*

     10,992         714,040   

Control4 Corp.*(a)

     4,710         56,426   

CTS Corp.

     14,630         263,194   

Daktronics, Inc.

     18,303         197,855   

DTS, Inc.*(a)

     11,680         397,938   

Electro Rent Corp.

     15,110         171,347   

FARO Technologies, Inc.*(a)

     5,702         354,265   

II-VI, Inc.*(a)

     33,191         612,706   

Insight Enterprises, Inc.*

     35,246         1,005,216   

Mesa Laboratories, Inc.(a)

     1,484         107,145   

Methode Electronics, Inc.

     31,532         1,483,265   

MTS Systems Corp.(a)

     6,849         518,127   

Newport Corp.*(a)

     21,196         403,996   

OSI Systems, Inc.*

     8,457         628,017   

PC Connection, Inc.

     18,508         482,874   

Plexus Corp.*(a)

     25,115         1,023,938   

Rofin-Sinar Technologies, Inc.*(a)

     9,704         235,128   

Rogers Corp.*

     9,389         771,870   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      71   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

ScanSource, Inc.*(a)

     20,301       $ 825,236   

TTM Technologies, Inc.*(a)

     18,601         167,595   

Universal Display Corp.*(a)

     35,459         1,657,708   

Vishay Precision Group, Inc.*

     6,110         97,332   
     

 

 

 
Total Electronic Equipment, Instruments & Components         13,893,828   
Energy Equipment & Services – 2.6%      

Basic Energy Services, Inc.*(a)

     12,199         84,539   

C&J Energy Services Ltd.*(a)

     50,053         557,090   

CARBO Ceramics, Inc.(a)

     23,275         710,120   

Era Group, Inc.*(a)

     8,431         175,702   

Geospace Technologies Corp.*(a)

     15,777         260,478   

Gulf Island Fabrication, Inc.(a)

     6,972         103,604   

Gulfmark Offshore, Inc. Class A(a)

     40,818         532,267   

Hornbeck Offshore Services, Inc.*(a)

     49,600         932,976   

Matrix Service Co.*

     18,909         332,042   

Natural Gas Services Group, Inc.*

     6,569         126,256   

Newpark Resources, Inc.*(a)

     78,797         717,841   

Parker Drilling Co.*(a)

     102,652         358,255   

PHI, Inc. Non-Voting Shares*

     12,350         371,488   

RigNet, Inc.*(a)

     5,738         164,049   

SEACOR Holdings, Inc.*(a)

     3,247         226,219   

Tidewater, Inc.(a)

     72,848         1,394,311   

U.S. Silica Holdings, Inc.(a)

     46,777         1,665,729   

Unit Corp.*(a)

     76,548         2,141,813   
     

 

 

 
Total Energy Equipment & Services         10,854,779   
Food & Staples Retailing – 0.8%      

Andersons, Inc. (The)

     22,025         911,174   

Chefs’ Warehouse, Inc. (The)*(a)

     8,111         181,930   

Ingles Markets, Inc. Class A(a)

     16,804         831,462   

Liberator Medical Holdings, Inc.(a)

     30,854         107,989   

Natural Grocers by Vitamin Cottage, Inc.*(a)

     5,593         154,423   

SpartanNash Co.

     13,304         419,874   

Village Super Market, Inc. Class A(a)

     2,261         71,086   

Weis Markets, Inc.

     13,440         668,774   
     

 

 

 
Total Food & Staples Retailing         3,346,712   
Food Products – 0.7%      

Alico, Inc.(a)

     819         41,982   

B&G Foods, Inc.(a)

     17,426         512,847   

Boulder Brands, Inc.*(a)

     12,974         123,642   

Calavo Growers, Inc.(a)

     5,896         303,172   

Farmer Bros Co.*(a)

     2,010         49,748   

Inventure Foods, Inc.*(a)

     6,919         77,424   

John B. Sanfilippo & Son, Inc.(a)

     6,185         266,573   

Landec Corp.*

     10,958         152,864   

Limoneira Co.

     3,502         76,344   

Omega Protein Corp.*

     30,105         412,137   

Seneca Foods Corp. Class A*

     2,565         76,463   

Tootsie Roll Industries, Inc.(a)

     23,620         801,180   
     

 

 

 
Total Food Products         2,894,376   
Gas Utilities – 0.5%      

Chesapeake Utilities Corp.(a)

     8,304         420,265   

Gas Natural, Inc.

     3,970         39,541   
     

Northwest Natural Gas Co.(a)

     13,791       $ 661,279   

South Jersey Industries, Inc.(a)

     17,434         946,318   
     

 

 

 
Total Gas Utilities         2,067,403   
Health Care Equipment & Supplies – 2.2%      

Abaxis, Inc.(a)

     3,296         211,307   

ABIOMED, Inc.*(a)

     3,159         226,121   

Analogic Corp.(a)

     4,392         399,233   

Anika Therapeutics, Inc.*(a)

     10,670         439,284   

Atrion Corp.(a)

     897         309,922   

Cantel Medical Corp.

     10,865         516,087   

CONMED Corp.(a)

     8,834         446,029   

CryoLife, Inc.

     5,978         61,992   

Cyberonics, Inc.*(a)

     12,535         813,772   

Cynosure, Inc. Class A*(a)

     5,839         179,082   

Exactech, Inc.*

     8,024         205,655   

Greatbatch, Inc.*

     10,672         617,375   

Haemonetics Corp.*(a)

     8,850         397,542   

ICU Medical, Inc.*

     4,391         408,978   

Inogen, Inc.*

     11,704         374,411   

Integra LifeSciences Holdings Corp.*(a)

     6,038         372,243   

Masimo Corp.*

     26,822         884,590   

Meridian Bioscience, Inc.(a)

     22,927         437,447   

Merit Medical Systems, Inc.*(a)

     13,370         257,373   

Natus Medical, Inc.*

     9,872         389,648   

Neogen Corp.*

     6,859         320,521   

SurModics, Inc.*(a)

     5,832         151,807   

Thoratec Corp.*(a)

     17,214         721,094   

Utah Medical Products, Inc.

     2,319         138,815   

Vascular Solutions, Inc.*

     4,966         150,569   
     

 

 

 
Total Health Care Equipment & Supplies         9,430,897   
Health Care Providers & Services – 2.4%      

Aceto Corp.(a)

     11,823         260,106   

Addus HomeCare Corp.*

     5,398         124,262   

Air Methods Corp.*(a)

     22,457         1,046,272   

Alliance HealthCare Services, Inc.*

     3,527         78,229   

Almost Family, Inc.*(a)

     3,594         160,688   

AMN Healthcare Services, Inc.*(a)

     19,483         449,473   

Bio-Reference Laboratories, Inc.*(a)

     15,657         551,753   

Chemed Corp.(a)

     9,241         1,103,375   

Corvel Corp.*

     10,235         352,186   

Ensign Group, Inc. (The)

     9,567         448,310   

ExamWorks Group, Inc.*(a)

     1,379         57,394   

Five Star Quality Care, Inc.*

     8,555         37,984   

Hanger, Inc.*(a)

     29,795         676,048   

IPC Healthcare, Inc.*(a)

     9,904         461,923   

Landauer, Inc.(a)

     903         31,731   

LHC Group, Inc.*

     8,134         268,666   

Magellan Health, Inc.*

     14,034         993,888   

National Healthcare Corp.(a)

     7,956         506,877   

PharMerica Corp.*

     16,325         460,202   

Providence Service Corp. (The)*(a)

     5,077         269,690   

Select Medical Holdings Corp.(a)

     93,032         1,379,664   

Triple-S Management Corp. Class B*

     17,513         348,158   

 

See Notes to Financial Statements.

 

72   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

U.S. Physical Therapy, Inc.(a)

     5,002       $ 237,595   
     

 

 

 
Total Health Care Providers & Services         10,304,474   
Health Care Technology – 0.3%      

Computer Programs & Systems, Inc.(a)

     6,595         357,845   

HealthStream, Inc.*

     3,378         85,126   

HMS Holdings Corp.*(a)

     14,341         221,568   

MedAssets, Inc.*(a)

     17,345         326,433   

Omnicell, Inc.*

     9,220         323,622   

Quality Systems, Inc.(a)

     3,522         56,281   
     

 

 

 
Total Health Care Technology         1,370,875   
Hotels, Restaurants & Leisure – 2.4%      

Biglari Holdings, Inc.*(a)

     447         185,103   

BJ’s Restaurants, Inc.*(a)

     5,268         265,771   

Bob Evans Farms, Inc.(a)

     4,497         208,031   

Bravo Brio Restaurant Group, Inc.*

     4,593         67,471   

Caesars Acquisition Co. Class A*(a)

     97,037         659,852   

Churchill Downs, Inc.

     6,299         724,196   

Chuy’s Holdings, Inc.*(a)

     6,329         142,592   

Del Frisco’s Restaurant Group, Inc.*

     7,617         153,483   

Diamond Resorts International, Inc.*(a)

     17,175         574,160   

Famous Dave’s of America, Inc.*(a)

     3,077         87,694   

Fiesta Restaurant Group, Inc.*(a)

     3,687         224,907   

International Speedway Corp. Class A(a)

     17,605         574,099   

Interval Leisure Group, Inc.

     42,329         1,109,443   

Kona Grill, Inc.*

     647         18,388   

Krispy Kreme Doughnuts, Inc.*(a)

     20,905         417,891   

Marcus Corp. (The)

     16,307         347,176   

Monarch Casino & Resort, Inc.*

     8,391         160,604   

Nathan’s Famous, Inc.(a)

     1,450         78,517   

Noodles & Co.*(a)

     4,284         74,713   

Pinnacle Entertainment, Inc.*

     17,738         640,164   

Popeyes Louisiana Kitchen, Inc.*(a)

     7,276         435,250   

Red Robin Gourmet Burgers, Inc.*(a)

     5,276         459,012   

Ruth’s Hospitality Group, Inc.

     10,951         173,902   

SeaWorld Entertainment, Inc.(a)

     41,863         807,119   

Sonic Corp.(a)

     19,121         606,136   

Speedway Motorsports, Inc.(a)

     42,191         959,845   
     

 

 

 
Total Hotels, Restaurants & Leisure         10,155,519   
Household Durables – 3.6%      

Bassett Furniture Industries, Inc.

     3,932         112,141   

Beazer Homes USA, Inc.*(a)

     18,131         321,281   

Cavco Industries, Inc.*(a)

     3,125         234,563   

Century Communities, Inc.*(a)

     10,489         202,752   

CSS Industries, Inc.(a)

     6,462         194,829   

Ethan Allen Interiors, Inc.(a)

     16,892         466,895   

Flexsteel Industries, Inc.(a)

     5,749         179,886   

Hooker Furniture Corp.(a)

     6,085         115,919   

Hovnanian Enterprises, Inc. Class A*(a)

     44,550         158,598   

Installed Building Products, Inc.*

     6,859         149,252   

iRobot Corp.*(a)

     9,999         326,267   

KB Home(a)

     59,033         922,096   

La-Z-Boy, Inc.(a)

     26,303         739,377   

LGI Homes, Inc.*(a)

     22,887         381,297   
     

M/I Homes, Inc.*(a)

     24,361       $ 580,766   

MDC Holdings, Inc.(a)

     33,848         964,668   

Meritage Homes Corp.*(a)

     45,421         2,209,278   

NACCO Industries, Inc. Class A(a)

     5,050         267,600   

New Home Co., Inc. (The)*(a)

     2,495         39,795   

Ryland Group, Inc. (The)(a)

     52,015         2,535,211   

Skullcandy, Inc.*

     4,884         55,189   

Universal Electronics, Inc.*(a)

     5,149         290,610   

WCI Communities, Inc.*(a)

     75,717         1,813,422   

William Lyon Homes Class A*(a)

     83,603         2,158,630   
     

 

 

 
Total Household Durables         15,420,322   
Household Products – 0.2%      

Oil-Dri Corp. of America(a)

     3,417         114,982   

Orchids Paper Products Co.(a)

     3,944         106,330   

WD-40 Co.

     6,106         540,626   
     

 

 

 
Total Household Products         761,938   
Independent Power and Renewable Electricity Producers – 0.2%      

Ormat Technologies, Inc.(a)

     21,942         834,235   
Industrial Conglomerates – 0.1%      

Raven Industries, Inc.(a)

     16,490         337,385   
Insurance – 3.9%      

Ambac Financial Group, Inc.*(a)

     29,683         718,329   

AMERISAFE, Inc.

     11,850         548,063   

Baldwin & Lyons, Inc. Class B

     9,303         218,248   

Citizens, Inc.*(a)

     5,957         36,695   

Crawford & Co. Class B(a)

     28,119         242,948   

Donegal Group, Inc. Class A

     10,944         172,040   

eHealth, Inc.*(a)

     399         3,743   

EMC Insurance Group, Inc.

     6,952         234,978   

Employers Holdings, Inc.

     38,126         1,029,021   

FBL Financial Group, Inc. Class A(a)

     18,146         1,125,233   

Federated National Holding Co.(a)

     10,386         317,812   

Fidelity & Guaranty Life

     53,464         1,133,437   

Hallmark Financial Services, Inc.*

     10,036         106,382   

HCI Group, Inc.(a)

     12,704         582,732   

Heritage Insurance Holdings, Inc.*(a)

     13,795         303,628   

Horace Mann Educators Corp.

     30,156         1,031,335   

Infinity Property & Casualty Corp.

     5,302         435,029   

Investors Title Co.(a)

     1,139         84,309   

Kemper Corp.(a)

     24,368         949,377   

National General Holdings Corp.

     47,193         882,509   

National Interstate Corp.(a)

     4,641         130,319   

National Western Life Insurance Co. Class A(a)

     3,735         949,810   

Navigators Group, Inc. (The)*

     9,461         736,444   

Phoenix Cos., Inc. (The)*(a)

     10,594         529,594   

Safety Insurance Group, Inc.

     9,201         549,760   

Selective Insurance Group, Inc.

     36,590         1,062,939   

State Auto Financial Corp.(a)

     18,750         455,438   

Stewart Information Services Corp.

     10,988         446,552   

United Fire Group, Inc.(a)

     16,321         518,518   

Universal Insurance Holdings, Inc.(a)

     29,687         759,690   
     

 

 

 
Total Insurance         16,294,912   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      73   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Internet & Catalog Retail – 0.5%      

1-800-Flowers.com, Inc. Class A*

     21,979       $ 260,012   

Blue Nile, Inc.*(a)

     2,889         91,986   

FTD Cos., Inc.*(a)

     4,942         147,963   

Nutrisystem, Inc.(a)

     8,389         167,612   

Orbitz Worldwide, Inc.*(a)

     19,613         228,688   

Overstock.com, Inc.*(a)

     34,349         831,933   

PetMed Express, Inc.(a)

     13,454         222,260   
     

 

 

 
Total Internet & Catalog Retail         1,950,454   
Internet Software & Services – 1.0%      

Bankrate, Inc.*(a)

     15,769         178,820   

Blucora, Inc.*(a)

     25,463         347,825   

Constant Contact, Inc.*(a)

     4,009         153,184   

Cvent, Inc.*(a)

     1,264         35,443   

Dice Holdings, Inc.*(a)

     17,050         152,086   

Envestnet, Inc.*(a)

     2,500         140,200   

Liquidity Services, Inc.*(a)

     41,589         410,899   

LogMeIn, Inc.*(a)

     1,005         56,270   

NIC, Inc.

     22,392         395,667   

Perficient, Inc.*

     13,393         277,101   

Reis, Inc.(a)

     9,587         245,811   

RetailMeNot, Inc.*(a)

     20,550         370,105   

SPS Commerce, Inc.*

     245         16,440   

Stamps.com, Inc.*

     10,239         688,982   

Support.com, Inc.*

     9,449         14,740   

TechTarget, Inc.*(a)

     2,569         29,621   

Travelzoo, Inc.*(a)

     10,972         105,770   

WebMD Health Corp.*(a)

     10,686         468,421   

XO Group, Inc.*

     1,929         34,085   

Xoom Corp.*(a)

     2,449         35,976   
     

 

 

 
Total Internet Software & Services         4,157,446   
IT Services – 2.4%      

Blackhawk Network Holdings, Inc.*(a)

     14,902         533,045   

Cardtronics, Inc.*(a)

     11,041         415,142   

Cass Information Systems, Inc.(a)

     5,467         306,917   

Computer Task Group, Inc.

     16,452         120,264   

CSG Systems International, Inc.(a)

     14,722         447,402   

Datalink Corp.*(a)

     10,406         125,288   

ExlService Holdings, Inc.*

     16,011         595,609   

Forrester Research, Inc.

     2,630         96,731   

Global Cash Access Holdings, Inc.*

     39,157         298,376   

Hackett Group, Inc. (The)

     8,532         76,276   

Higher One Holdings, Inc.*(a)

     47,918         115,962   

Information Services Group, Inc.(a)

     17,863         71,273   

Lionbridge Technologies, Inc.*(a)

     30,176         172,607   

ManTech International Corp. Class A

     16,931         574,638   

MoneyGram International, Inc.*(a)

     118,397         1,022,950   

NeuStar, Inc. Class A*(a)

     64,789         1,595,105   

Sykes Enterprises, Inc.*

     21,850         542,973   

TeleTech Holdings, Inc.(a)

     33,290         847,230   

Unisys Corp.*

     69,152         1,605,018   

Virtusa Corp.*(a)

     10,310         426,628   
     

 

 

 
Total IT Services         9,989,434   
     
Leisure Products – 0.9%      

Arctic Cat, Inc.(a)

     9,770       $ 354,847   

Callaway Golf Co.(a)

     11,911         113,512   

Escalade, Inc.(a)

     9,235         160,504   

JAKKS Pacific, Inc.*(a)

     4,167         28,502   

Johnson Outdoors, Inc. Class A

     2,642         87,477   

LeapFrog Enterprises, Inc.*(a)

     168,631         367,616   

Nautilus, Inc.*

     16,090         245,694   

Smith & Wesson Holding Corp.*(a)

     86,547         1,101,743   

Sturm Ruger & Co., Inc.

     25,154         1,248,393   
     

 

 

 
Total Leisure Products         3,708,288   
Life Sciences Tools & Services – 0.3%      

Albany Molecular Research, Inc.*(a)

     2,550         44,880   

Cambrex Corp.*

     20,815         824,899   

Luminex Corp.*

     12,731         203,696   

pSivida Corp.*(a)

     26,432         104,406   
     

 

 

 
Total Life Sciences Tools & Services         1,177,881   
Machinery – 5.2%      

Accuride Corp.*

     13,324         62,090   

Actuant Corp. Class A

     50,792         1,205,802   

Alamo Group, Inc.

     8,562         540,519   

Albany International Corp. Class A

     17,236         685,131   

Altra Industrial Motion Corp.(a)

     15,142         418,525   

American Railcar Industries, Inc.(a)

     22,185         1,103,260   

Astec Industries, Inc.(a)

     10,235         438,877   

Blount International, Inc.*(a)

     13,088         168,573   

Briggs & Stratton Corp.(a)

     26,372         541,681   

Chart Industries, Inc.*(a)

     25,845         906,513   

CIRCOR International, Inc.

     10,262         561,331   

Columbus McKinnon Corp.

     15,221         410,054   

Commercial Vehicle Group, Inc.*

     7,066         45,505   

Douglas Dynamics, Inc.(a)

     18,324         418,520   

Dynamic Materials Corp.(a)

     4,885         62,382   

EnPro Industries, Inc.(a)

     4,859         320,451   

ESCO Technologies, Inc.

     13,450         524,281   

Federal Signal Corp.

     51,469         812,696   

Global Brass & Copper Holdings, Inc.

     31,998         494,369   

Gorman-Rupp Co. (The)(a)

     12,941         387,583   

Graham Corp.(a)

     3,726         89,312   

Greenbrier Cos., Inc. (The)(a)

     20,115         1,166,670   

Harsco Corp.(a)

     4,175         72,061   

Hurco Cos., Inc.

     4,068         133,959   

Hyster-Yale Materials Handling, Inc.

     14,553         1,066,589   

John Bean Technologies Corp.

     10,040         358,629   

Kadant, Inc.

     6,797         357,590   

L.B. Foster Co. Class A

     6,173         293,094   

Lindsay Corp.(a)

     6,403         488,229   

Lydall, Inc.*(a)

     8,483         269,081   

Meritor, Inc.*(a)

     89,010         1,122,416   

Miller Industries, Inc.(a)

     6,301         154,375   

Mueller Industries, Inc.

     32,922         1,189,472   

Mueller Water Products, Inc. Class A(a)

     61,378         604,573   

NN, Inc.(a)

     6,565         164,650   

 

See Notes to Financial Statements.

 

74   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Proto Labs, Inc.*(a)

     6,519       $ 456,330   

RBC Bearings, Inc.

     10,097         772,824   

Standex International Corp.

     7,559         620,821   

Sun Hydraulics Corp.(a)

     11,754         486,145   

Tennant Co.

     7,141         466,807   

TriMas Corp.*

     25,777         793,674   

Twin Disc, Inc.(a)

     5,202         91,919   

Wabash National Corp.*(a)

     52,777         744,156   
     

 

 

 
Total Machinery         22,071,519   
Marine – 0.2%      

International Shipholding Corp.(a)

     4,183         50,656   

Matson, Inc.

     18,324         772,540   
     

 

 

 
Total Marine         823,196   
Media – 1.2%      

A.H. Belo Corp. Class A(a)

     20,987         172,723   

Cumulus Media, Inc. Class A*(a)

     135,256         334,082   

Entercom Communications Corp. Class A*(a)

     24,784         301,125   

Entravision Communications Corp. Class A(a)

     261,069         1,652,567   

Gray Television, Inc.*(a)

     26,433         365,304   

Harte-Hanks, Inc.

     42,546         331,859   

Martha Stewart Living Omnimedia, Inc. Class A*(a)

     6,280         40,820   

Media General, Inc.*(a)

     14,133         233,053   

National CineMedia, Inc.

     19,526         294,843   

New York Times Co. (The) Class A(a)

     12,010         165,258   

Nexstar Broadcasting Group, Inc. Class A(a)

     4,449         254,572   

Salem Media Group, Inc. Class A

     15,565         95,880   

Scholastic Corp.(a)

     17,822         729,633   
     

 

 

 
Total Media         4,971,719   
Metals & Mining – 0.7%      

Ampco-Pittsburgh Corp.

     2,750         48,015   

Gold Resource Corp.(a)

     29,248         93,301   

Haynes International, Inc.(a)

     1,452         64,774   

Hecla Mining Co.(a)

     9,623         28,676   

Kaiser Aluminum Corp.(a)

     10,323         793,735   

Materion Corp.

     9,393         360,973   

Olympic Steel, Inc.(a)

     4,369         58,807   

RTI International Metals, Inc.*(a)

     12,625         453,364   

Schnitzer Steel Industries, Inc. Class A

     2,429         38,524   

SunCoke Energy, Inc.

     8,229         122,941   

TimkenSteel Corp.(a)

     39,506         1,045,724   
     

 

 

 
Total Metals & Mining         3,108,834   
Oil, Gas & Consumable Fuels – 6.3%      

Adams Resources & Energy, Inc.

     3,242         217,895   

Aemetis, Inc.*(a)

     13,162         55,544   

Alon USA Energy, Inc.(a)

     14,739         244,225   

Approach Resources, Inc.*(a)

     196,131         1,292,503   

Bonanza Creek Energy, Inc.*

     48,853         1,204,715   

Callon Petroleum Co.*(a)

     31,670         236,575   

Carrizo Oil & Gas, Inc.*(a)

     23,016         1,142,744   

Clayton Williams Energy, Inc.*(a)

     9,881         500,275   

Cloud Peak Energy, Inc.*(a)

     47,976         279,220   

Delek U.S. Holdings, Inc.

     68,164         2,709,519   
     

Evolution Petroleum Corp.

     4,043       $ 24,056   

Gastar Exploration, Inc.*(a)

     32,732         85,758   

Green Plains, Inc.(a)

     65,384         1,866,713   

Jones Energy, Inc. Class A*(a)

     8,945         80,326   

Laredo Petroleum, Inc.*(a)

     184,843         2,410,353   

Matador Resources Co.*(a)

     56,642         1,241,593   

Northern Oil and Gas, Inc.*(a)

     161,824         1,247,663   

Oasis Petroleum, Inc.*(a)

     337,245         4,795,624   

Panhandle Oil and Gas, Inc. Class A(a)

     12,441         246,207   

PDC Energy, Inc.*(a)

     21,110         1,140,784   

PetroQuest Energy, Inc.*(a)

     79,603         183,087   

Renewable Energy Group, Inc.*(a)

     50,551         466,080   

REX American Resources Corp.*(a)

     12,530         761,949   

Rex Energy Corp.*(a)

     18,070         67,220   

Ring Energy, Inc.*(a)

     8,980         95,368   

Rosetta Resources, Inc.*(a)

     92,335         1,571,542   

Sanchez Energy Corp.*(a)

     26,113         339,730   

Stone Energy Corp.*(a)

     7,775         114,137   

Synergy Resources Corp.*(a)

     30,777         364,708   

Triangle Petroleum Corp.*(a)

     241,942         1,216,968   

VAALCO Energy, Inc.*(a)

     112,109         274,667   

W&T Offshore, Inc.

     21,100         107,821   

Warren Resources, Inc.*(a)

     215,057         191,401   
     

 

 

 
Total Oil, Gas & Consumable Fuels         26,776,970   
Paper & Forest Products – 1.4%      

Boise Cascade Co.*

     22,963         860,194   

Clearwater Paper Corp.*

     17,122         1,118,067   

Deltic Timber Corp.(a)

     3,118         206,568   

Mercer International, Inc.*

     95,579         1,468,093   

Neenah Paper, Inc.

     10,397         650,228   

PH Glatfelter Co.

     28,572         786,587   

Schweitzer-Mauduit International, Inc.(a)

     16,172         745,853   
     

 

 

 
Total Paper & Forest Products         5,835,590   
Personal Products – 0.5%      

Inter Parfums, Inc.(a)

     8,956         292,145   

Medifast, Inc.*(a)

     7,607         227,982   

Nutraceutical International Corp.*(a)

     8,486         167,174   

Revlon, Inc. Class A*

     9,340         384,808   

USANA Health Sciences, Inc.*(a)

     8,272         919,184   
     

 

 

 
Total Personal Products         1,991,293   
Pharmaceuticals – 1.1%      

ANI Pharmaceuticals, Inc.*(a)

     2,165         135,421   

Depomed, Inc.*(a)

     57,324         1,284,631   

Endocyte, Inc.*(a)

     18,164         113,707   

Lannett Co., Inc.*(a)

     24,150         1,635,196   

Medicines Co. (The)*(a)

     3,774         105,747   

Phibro Animal Health Corp. Class A(a)

     5,803         205,484   

POZEN, Inc.*(a)

     9,395         72,529   

Prestige Brands Holdings, Inc.*(a)

     16,894         724,584   

Sagent Pharmaceuticals, Inc.*(a)

     5,403         125,620   

Sciclone Pharmaceuticals, Inc.*(a)

     28,570         253,130   

Sucampo Pharmaceuticals, Inc. Class A*

     5,125         79,745   
     

 

 

 
Total Pharmaceuticals         4,735,794   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      75   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Professional Services – 2.2%      

Advisory Board Co. (The)*(a)

     2,811       $ 149,770   

CBIZ, Inc.*(a)

     33,656         314,010   

CDI Corp.

     7,632         107,230   

CRA International, Inc.*

     5,105         158,868   

Exponent, Inc.

     5,599         497,751   

Franklin Covey Co.*

     10,000         192,600   

FTI Consulting, Inc.*(a)

     14,071         527,100   

GP Strategies Corp.*

     8,752         323,824   

Heidrick & Struggles International, Inc.

     3,892         95,665   

Huron Consulting Group, Inc.*

     14,400         952,560   

ICF International, Inc.*(a)

     10,934         446,654   

Insperity, Inc.(a)

     9,528         498,219   

Kelly Services, Inc. Class A(a)

     16,181         282,197   

Kforce, Inc.

     10,006         223,234   

Korn/Ferry International

     28,133         924,732   

Mistras Group, Inc.*

     12,681         244,236   

Navigant Consulting, Inc.*

     35,221         456,464   

On Assignment, Inc.*(a)

     24,962         957,792   

Resources Connection, Inc.

     15,493         271,128   

RPX Corp.*

     30,916         444,881   

TrueBlue, Inc.*

     27,810         677,173   

VSE Corp.(a)

     5,205         426,185   

Willdan Group, Inc.*(a)

     5,610         88,862   
     

 

 

 
Total Professional Services         9,261,135   
Real Estate Investment Trusts (REITs) – 2.6%      

Agree Realty Corp.

     5,472         180,412   

American Assets Trust, Inc.

     4,586         198,482   

Armada Hoffler Properties, Inc.(a)

     5,969         63,630   

Associated Estates Realty Corp.(a)

     43,586         1,075,703   

Aviv REIT, Inc.

     8,951         326,712   

CareTrust REIT, Inc.

     791         10,726   

Chambers Street Properties

     31,192         245,793   

Chatham Lodging Trust

     22,639         665,813   

Chesapeake Lodging Trust

     14,058         475,582   

CorEnergy Infrastructure Trust, Inc.(a)

     12,881         89,265   

CoreSite Realty Corp.

     3,109         151,346   

Education Realty Trust, Inc.

     5,922         209,520   

Empire State Realty Trust, Inc. Class A(a)

     57,803         1,087,274   

First Potomac Realty Trust(a)

     1,298         15,433   

Franklin Street Properties Corp.

     10,267         131,623   

Getty Realty Corp.(a)

     12,984         236,309   

Government Properties Income Trust(a)

     20,732         473,726   

Gramercy Property Trust, Inc.(a)

     17,074         479,253   

Hersha Hospitality Trust

     55,050         356,174   

Hudson Pacific Properties, Inc.

     3,867         128,346   

Independence Realty Trust, Inc.

     2,969         28,176   

Inland Real Estate Corp.(a)

     11,950         127,746   

LTC Properties, Inc.

     13,835         636,410   

Monmouth Real Estate Investment Corp. Class A

     8,721         96,890   

One Liberty Properties, Inc.(a)

     5,189         126,715   

Potlatch Corp.

     19,353         774,894   

QTS Realty Trust, Inc. Class A

     3,966         144,402   
     

Retail Opportunity Investments Corp.

     10,882       $ 199,141   

Sabra Health Care REIT, Inc.(a)

     8,585         284,593   

Saul Centers, Inc.

     5,457         312,140   

Select Income REIT(a)

     39,070         976,359   

Terreno Realty Corp.

     2,218         50,570   

Universal Health Realty Income Trust

     7,309         411,131   

Urstadt Biddle Properties, Inc. Class A

     5,587         128,836   

Whitestone REIT(a)

     3,650         57,962   
     

 

 

 
Total Real Estate Investment Trusts (REITs)         10,957,087   
Real Estate Management & Development – 1.2%      

Alexander & Baldwin, Inc.

     8,225         355,155   

Consolidated-Tomoka Land Co.(a)

     1,243         74,157   

Forestar Group, Inc.*(a)

     22,084         348,265   

FRP Holdings, Inc.*(a)

     3,111         113,240   

Marcus & Millichap, Inc.*(a)

     7,047         264,122   

St. Joe Co. (The)*(a)

     214,101         3,973,715   

Tejon Ranch Co.*(a)

     1,002         26,503   
     

 

 

 
Total Real Estate Management & Development         5,155,157   
Road & Rail – 0.7%      

ArcBest Corp.(a)

     10,047         380,681   

Celadon Group, Inc.(a)

     10,863         295,691   

Covenant Transportation Group, Inc. Class A*

     4,636         153,730   

Marten Transport Ltd.(a)

     14,878         345,170   

PAM Transportation Services, Inc.*

     816         46,732   

Patriot Transportation Holding, Inc.*(a)

     1,038         25,919   

Quality Distribution, Inc.*

     19,132         197,634   

Roadrunner Transportation Systems, Inc.*(a)

     25,059         633,241   

Saia, Inc.*

     9,408         416,774   

Universal Truckload Services, Inc.

     17,314         435,966   
     

 

 

 
Total Road & Rail         2,931,538   
Semiconductors & Semiconductor Equipment – 2.9%      

Advanced Energy Industries, Inc.*(a)

     34,237         878,521   

Amkor Technology, Inc.*

     254,378         2,247,430   

Brooks Automation, Inc.(a)

     1,342         15,608   

Cabot Microelectronics Corp.*(a)

     11,961         597,691   

Cascade Microtech, Inc.*(a)

     10,797         146,623   

Ceva, Inc.*(a)

     2,875         61,295   

Cirrus Logic, Inc.*

     37,157         1,235,842   

Diodes, Inc.*

     22,763         650,111   

DSP Group, Inc.*

     1,704         20,414   

Entegris, Inc.*(a)

     14,896         203,926   

Integrated Silicon Solution, Inc.

     10,525         188,292   

Intersil Corp. Class A(a)

     38,019         544,432   

IXYS Corp.

     8,724         107,480   

Kulicke & Soffa Industries, Inc.*

     48,787         762,541   

Lattice Semiconductor Corp.*(a)

     65,877         417,660   

Mattson Technology, Inc.*(a)

     24,777         97,621   

Micrel, Inc.

     11,169         168,429   

Monolithic Power Systems, Inc.(a)

     7,585         399,350   

OmniVision Technologies, Inc.*

     40,748         1,074,525   

PDF Solutions, Inc.*

     16,857         302,077   

Pericom Semiconductor Corp.

     4,864         75,246   

 

See Notes to Financial Statements.

 

76   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Photronics, Inc.*(a)

     13,685       $ 116,323   

Power Integrations, Inc.(a)

     12,989         676,467   

Rambus, Inc.*(a)

     7,386         92,879   

Tessera Technologies, Inc.

     26,802         1,079,585   

Ultra Clean Holdings, Inc.*

     17,636         126,097   

Xcerra Corp.*

     15,383         136,755   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         12,423,220   
Software – 1.5%      

Advent Software, Inc.(a)

     16,432         724,816   

American Software, Inc. Class A(a)

     12,485         127,597   

Aware, Inc.

     12,347         54,327   

Barracuda Networks, Inc.*

     527         20,274   

Comverse, Inc.*

     3,462         68,201   

Ebix, Inc.(a)

     39,613         1,203,443   

Ellie Mae, Inc.*(a)

     3,112         172,125   

EnerNOC, Inc.*(a)

     13,937         158,882   

Epiq Systems, Inc.

     1,649         29,567   

ePlus, Inc.*

     6,070         527,665   

Glu Mobile, Inc.*(a)

     8,930         44,739   

Monotype Imaging Holdings, Inc.

     12,157         396,804   

NetScout Systems, Inc.*(a)

     17,169         752,861   

Paycom Software, Inc.*(a)

     982         31,483   

Pegasystems, Inc.(a)

     15,168         329,904   

Progress Software Corp.*

     20,349         552,882   

QAD, Inc. Class A

     5,191         125,622   

Qualys, Inc.*(a)

     1,380         64,142   

Synchronoss Technologies, Inc.*(a)

     11,561         548,685   

Tangoe, Inc.*(a)

     1,743         24,053   

TiVo, Inc.*(a)

     21,667         229,887   

Zix Corp.*(a)

     25,359         99,661   
     

 

 

 
Total Software         6,287,620   
Specialty Retail – 4.3%      

America’s Car-Mart, Inc.*(a)

     4,972         269,731   

ANN, Inc.*

     21,052         863,764   

Big 5 Sporting Goods Corp.

     14,446         191,698   

Brown Shoe Co., Inc.

     22,146         726,389   

Build-A-Bear Workshop, Inc.*

     4,013         78,855   

Cato Corp. (The) Class A

     14,460         572,616   

Children’s Place, Inc. (The)(a)

     10,995         705,769   

Christopher & Banks Corp.*

     31,800         176,808   

Citi Trends, Inc.*

     3,008         81,216   

Conn’s, Inc.*(a)

     60,964         1,845,990   

Container Store Group, Inc. (The)*(a)

     7,398         140,932   

Destination Maternity Corp.

     9,390         141,413   

Express, Inc.*

     64,527         1,066,631   

Finish Line, Inc. (The) Class A

     31,094         762,425   

Francesca’s Holdings Corp.*(a)

     26,759         476,310   

Haverty Furniture Cos., Inc.

     14,770         367,478   

Hibbett Sports, Inc.*(a)

     15,638         767,200   

Kirkland’s, Inc.*(a)

     7,092         168,435   

Lumber Liquidators Holdings, Inc.*

     12,115         372,900   

MarineMax, Inc.*(a)

     6,094         161,552   

Monro Muffler Brake, Inc.(a)

     11,588         753,799   
     

New York & Co., Inc.*(a)

     15,640       $ 39,100   

Outerwall, Inc.(a)

     15,633         1,033,654   

Pep Boys-Manny Moe & Jack (The)*(a)

     10,168         97,816   

Pier 1 Imports, Inc.(a)

     74,060         1,035,359   

Rent-A-Center, Inc.(a)

     27,549         755,945   

Select Comfort Corp.*

     23,458         808,597   

Shoe Carnival, Inc.

     9,870         290,573   

Sonic Automotive, Inc. Class A(a)

     38,347         954,840   

Sportsman’s Warehouse Holdings, Inc.*

     16,543         132,179   

Stage Stores, Inc.

     10,169         233,073   

Stein Mart, Inc.

     16,314         203,109   

Tile Shop Holdings, Inc.*(a)

     12,573         152,259   

Tilly’s, Inc. Class A*(a)

     17,204         269,243   

Vitamin Shoppe, Inc.*(a)

     14,356         591,324   

West Marine, Inc.*

     1,154         10,698   

Winmark Corp.(a)

     2,457         215,159   

Zumiez, Inc.*(a)

     13,283         534,641   
     

 

 

 
Total Specialty Retail         18,049,480   
Technology Hardware, Storage & Peripherals – 0.4%      

Cray, Inc.*(a)

     12,165         341,593   

Dot Hill Systems Corp.*

     6,103         32,346   

Immersion Corp.*(a)

     48,472         444,973   

Super Micro Computer, Inc.*(a)

     23,191         770,173   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         1,589,085   
Textiles, Apparel & Luxury Goods – 0.8%      

Cherokee, Inc.

     4,424         86,180   

Culp, Inc.

     9,151         244,789   

Movado Group, Inc.(a)

     19,153         546,244   

Oxford Industries, Inc.

     8,651         652,718   

Perry Ellis International, Inc.*(a)

     1,978         45,811   

Superior Uniform Group, Inc.

     8,610         163,332   

Tumi Holdings, Inc.*(a)

     25,864         632,633   

Unifi, Inc.*(a)

     11,381         410,740   

Vera Bradley, Inc.*(a)

     25,789         418,555   

Vince Holding Corp.*

     4,667         86,573   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         3,287,575   
Thrifts & Mortgage Finance – 2.6%      

Astoria Financial Corp.(a)

     60,879         788,383   

Bank Mutual Corp.(a)

     19,372         141,803   

BankFinancial Corp.(a)

     6,050         79,497   

BBX Capital Corp. Class A*(a)

     27,737         515,908   

Beneficial Bancorp, Inc.*(a)

     13,857         156,446   

BofI Holding, Inc.*(a)

     7,297         678,913   

Brookline Bancorp, Inc.

     36,282         364,634   

Capitol Federal Financial, Inc.(a)

     56,188         702,350   

Clifton Bancorp, Inc.(a)

     4,460         62,931   

Dime Community Bancshares, Inc.

     26,126         420,629   

Federal Agricultural Mortgage Corp. Class C(a)

     15,500         436,945   

First Defiance Financial Corp.

     6,847         224,719   

First Financial Northwest, Inc.

     9,463         116,868   

Flagstar Bancorp, Inc.*

     45,155         655,199   

Fox Chase Bancorp, Inc.(a)

     4,212         70,888   

Home Bancorp, Inc.

     3,474         73,892   

HomeStreet, Inc.*

     9,237         169,222   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      77   


Table of Contents

Schedule of Investments (concluded)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Kearny Financial Corp.*(a)

     7,054       $ 95,793   

Ladder Capital Corp. Class A*(a)

     29,271         541,806   

Meridian Bancorp, Inc.*

     16,788         221,098   

Meta Financial Group, Inc.

     4,118         163,608   

Northfield Bancorp, Inc.(a)

     13,349         197,832   

Northwest Bancshares, Inc.(a)

     48,639         576,372   

OceanFirst Financial Corp.

     9,730         168,037   

Oritani Financial Corp.(a)

     26,053         379,071   

PennyMac Financial Services, Inc. Class A*(a)

     18,849         319,868   

Provident Financial Services, Inc.(a)

     37,075         691,449   

Territorial Bancorp, Inc.(a)

     6,204         147,407   

TrustCo Bank Corp.(a)

     58,339         401,372   

United Community Financial Corp.(a)

     89,249         487,300   

United Financial Bancorp, Inc.

     5,121         63,654   

Walker & Dunlop, Inc.*

     26,140         463,462   

Waterstone Financial, Inc.

     9,054         116,253   

WSFS Financial Corp.(a)

     6,597         498,931   
     

 

 

 
Total Thrifts & Mortgage Finance         11,192,540   
Tobacco – 0.2%      

Universal Corp.(a)

     18,794         886,325   
Trading Companies & Distributors – 1.3%      

Beacon Roofing Supply, Inc.*(a)

     21,353         668,349   

CAI International, Inc.*

     29,076         714,397   

DXP Enterprises, Inc.*

     14,198         625,990   

H&E Equipment Services, Inc.(a)

     21,601         539,809   

Houston Wire & Cable Co.(a)

     13,036         126,840   

Kaman Corp.(a)

     13,958         592,238   

Rush Enterprises, Inc. Class A*(a)

     23,372         639,458   

Stock Building Supply Holdings, Inc.*

     7,019         126,763   

TAL International Group, Inc.*

     33,749         1,374,597   

Willis Lease Finance Corp.*

     7,027         130,562   
     

 

 

 
Total Trading Companies & Distributors         5,539,003   
Transportation Infrastructure – 0.3%      

Wesco Aircraft Holdings, Inc.*(a)

     81,834         1,253,697   
Water Utilities – 0.7%      

American States Water Co.(a)

     19,148         763,814   

Artesian Resources Corp. Class A(a)

     4,658         99,635   

California Water Service Group

     29,890         732,604   

Connecticut Water Service, Inc.(a)

     7,195         261,394   

Middlesex Water Co.(a)

     9,284         211,304   

SJW Corp.(a)

     18,949         585,714   

York Water Co.(a)

     5,752         139,658   
     

 

 

 
Total Water Utilities         2,794,123   
Wireless Telecommunication Services – 0.2%      

NTELOS Holdings Corp.(a)

     5,194         24,931   

Shenandoah Telecommunications Co.(a)

     11,882         370,243   

Spok Holdings, Inc.

     14,804         283,793   
     

 

 

 
Total Wireless Telecommunication Services               678,967   
Total United States         418,946,412   

TOTAL COMMON STOCKS

(Cost: $392,085,647)

  

  

     420,548,651   
     
EXCHANGE-TRADED FUND – 0.3%      
United States – 0.3%      
WisdomTree MidCap Earnings Fund(a)(b)
(Cost: $1,126,756)
     11,956       $ 1,153,993   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 30.0%      
United States – 30.0%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $126,452,081)(d)      126,452,081         126,452,081   

TOTAL INVESTMENTS IN SECURITIES – 129.9%

(Cost: $519,664,484)

  

  

     548,154,725   

Liabilities in Excess of Cash and Other
Assets – (29.9)%

   

     (126,033,421
     

 

 

 
NET ASSETS – 100.0%       $ 422,121,304   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $126,317,093 and the total market value of the collateral held by the Fund was $129,728,464. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $3,276,383. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

78   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.6%      
United States – 99.6%      
Aerospace & Defense – 2.8%      

American Science & Engineering, Inc.(a)

     1,109       $ 54,186   

Boeing Co. (The)(a)

     24,035         3,607,173   

Curtiss-Wright Corp.

     429         31,720   

Exelis, Inc.

     6,639         161,792   

General Dynamics Corp.

     8,386         1,138,232   

Honeywell International, Inc.

     23,643         2,466,201   

Huntington Ingalls Industries, Inc.

     1,092         153,044   

L-3 Communications Holdings, Inc.

     2,404         302,399   

Lockheed Martin Corp.

     14,136         2,869,042   

Northrop Grumman Corp.

     5,592         900,088   

Orbital ATK, Inc.

     501         38,392   

Raytheon Co.

     9,844         1,075,457   

Rockwell Collins, Inc.(a)

     2,655         256,340   

Textron, Inc.

     1,284         56,920   

United Technologies Corp.

     26,848         3,146,586   
     

 

 

 
Total Aerospace & Defense               16,257,572   
Air Freight & Logistics – 0.5%      

C.H. Robinson Worldwide, Inc.(a)

     3,858         282,483   

Expeditors International of Washington, Inc.

     3,955         190,552   

FedEx Corp.

     1,805         298,637   

United Parcel Service, Inc. Class B

     24,279         2,353,606   
     

 

 

 
Total Air Freight & Logistics               3,125,278   
Airlines – 0.2%      

Alaska Air Group, Inc.

     1,610         106,550   

American Airlines Group, Inc.

     8,342         440,291   

Delta Air Lines, Inc.

     8,766         394,119   

Southwest Airlines Co.

     5,500         243,650   
     

 

 

 
Total Airlines               1,184,610   
Auto Components – 0.3%      

BorgWarner, Inc.

     3,357         203,031   

Cooper Tire & Rubber Co.(a)

     1,987         85,123   

Dana Holding Corp.(a)

     2,552         54,000   

Gentex Corp.

     7,532         137,836   

Goodyear Tire & Rubber Co. (The)

     4,245         114,955   

Johnson Controls, Inc.

     20,727         1,045,470   

Lear Corp.

     1,079         119,575   
     

 

 

 
Total Auto Components               1,759,990   
Automobiles – 1.1%      

Ford Motor Co.

     175,260         2,828,696   

General Motors Co.

     84,345         3,162,938   

Harley-Davidson, Inc.

     4,937         299,873   

Thor Industries, Inc.

     1,723         108,911   
     

 

 

 
Total Automobiles               6,400,418   
Banks – 6.1%      

1st Source Corp.(a)

     2,040         65,545   

Arrow Financial Corp.(a)

     2,868         77,866   

Associated Banc-Corp.(a)

     5,305         98,673   

Banc of California, Inc.

     7,065         86,970   

BancorpSouth, Inc.(a)

     2,854         66,270   
     

Bank of America Corp.

     170,054       $ 2,617,131   

Bank of Hawaii Corp.(a)

     1,926         117,890   

Bank of the Ozarks, Inc.(a)

     1,878         69,355   

BankUnited, Inc.

     4,356         142,615   

BB&T Corp.

     24,891         970,500   

Berkshire Hills Bancorp, Inc.

     3,130         86,701   

BOK Financial Corp.(a)

     2,458         150,479   

Cathay General Bancorp(a)

     2,855         81,225   

Chemical Financial Corp.

     2,058         64,539   

CIT Group, Inc.

     3,109         140,278   

Citigroup, Inc.

     3,587         184,802   

City Holding Co.(a)

     1,267         59,587   

City National Corp.

     1,267         112,864   

Comerica, Inc.(a)

     4,384         197,850   

Commerce Bancshares, Inc.(a)

     2,621         110,921   

Community Bank System, Inc.(a)

     2,354         83,308   

Community Trust Bancorp, Inc.

     1,717         56,936   

Cullen/Frost Bankers, Inc.(a)

     2,140         147,831   

CVB Financial Corp.(a)

     5,736         91,432   

East West Bancorp, Inc.

     4,170         168,718   

Fifth Third Bancorp

     29,353         553,304   

First Commonwealth Financial Corp.

     9,917         89,253   

First Financial Bancorp

     5,498         97,919   

First Financial Bankshares, Inc.(a)

     2,798         77,337   

First Financial Corp.(a)

     1,899         68,155   

First Horizon National Corp.(a)

     5,516         78,824   

First Niagara Financial Group, Inc.(a)

     19,363         171,169   

First Republic Bank(a)

     2,003         114,351   

FirstMerit Corp.(a)

     8,482         161,667   

Flushing Financial Corp.

     2,332         46,803   

FNB Corp.

     9,852         129,455   

Fulton Financial Corp.

     6,443         79,507   

Glacier Bancorp, Inc.(a)

     2,921         73,463   

Hancock Holding Co.

     3,460         103,316   

Hudson Valley Holding Corp.

     2,116         54,085   

Huntington Bancshares, Inc.

     24,926         275,432   

Iberiabank Corp.

     1,229         77,464   

Independent Bank Corp.

     2,089         91,644   

Investors Bancorp, Inc.(a)

     8,233         96,491   

JPMorgan Chase & Co.

     137,766         8,345,864   

KeyCorp

     22,833         323,315   

M&T Bank Corp.(a)

     4,214         535,178   

MB Financial, Inc.

     2,216         69,383   

National Penn Bancshares, Inc.

     9,210         99,192   

NBT Bancorp, Inc.(a)

     3,875         97,107   

Old National Bancorp

     6,877         97,585   

PacWest Bancorp(a)

     6,091         285,607   

Park National Corp.(a)

     1,588         135,869   

Penns Woods Bancorp, Inc.(a)

     1,261         61,676   

PNC Financial Services Group, Inc. (The)

     15,756         1,469,089   

Prosperity Bancshares, Inc.(a)

     2,088         109,578   

Regions Financial Corp.

     40,306         380,892   

Renasant Corp.

     2,052         61,663   

S&T Bancorp, Inc.(a)

     2,483         70,468   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      79   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Stock Yards Bancorp, Inc.(a)

     1,722       $ 59,288   

SunTrust Banks, Inc.

     13,912         571,644   

Susquehanna Bancshares, Inc.

     7,352         100,796   

Synovus Financial Corp.

     3,256         91,201   

TCF Financial Corp.

     3,565         56,042   

Tompkins Financial Corp.(a)

     1,666         89,714   

Trustmark Corp.(a)

     5,132         124,605   

U.S. Bancorp

     56,339         2,460,324   

UMB Financial Corp.(a)

     1,066         56,381   

Umpqua Holdings Corp.(a)

     10,851         186,420   

United Bankshares, Inc.(a)

     3,436         129,125   

Univest Corp. of Pennsylvania

     3,409         67,464   

Valley National Bancorp(a)

     18,425         173,932   

Washington Trust Bancorp, Inc.(a)

     2,137         81,612   

Webster Financial Corp.

     3,624         134,269   

Wells Fargo & Co.

     188,668         10,263,539   

WesBanco, Inc.

     2,689         87,608   

Westamerica Bancorp(a)

     2,147         92,772   

Zions Bancorp(a)

     2,718         73,386   
     

 

 

 
Total Banks               35,532,513   
Beverages – 2.5%      

Brown-Forman Corp. Class A(a)

     2,070         187,915   

Brown-Forman Corp. Class B

     2,160         195,156   

Coca-Cola Co. (The)

     182,722         7,409,377   

Coca-Cola Enterprises, Inc.

     7,581         335,080   

Dr. Pepper Snapple Group, Inc.

     6,293         493,875   

Molson Coors Brewing Co. Class B

     4,643         345,671   

PepsiCo, Inc.

     57,931         5,539,362   
     

 

 

 
Total Beverages               14,506,436   
Biotechnology – 0.5%      

Amgen, Inc.

     15,806         2,526,589   

PDL BioPharma, Inc.(a)

     18,162         127,770   
     

 

 

 
Total Biotechnology               2,654,359   
Building Products – 0.1%      

A.O. Smith Corp.

     1,504         98,753   

Fortune Brands Home & Security, Inc.

     2,805         133,181   

Lennox International, Inc.

     1,085         121,184   

Masco Corp.

     8,382         223,799   

Owens Corning

     3,457         150,034   

Simpson Manufacturing Co., Inc.

     1,830         68,387   
     

 

 

 
Total Building Products               795,338   
Capital Markets – 1.9%      

Ameriprise Financial, Inc.

     4,754         622,013   

Arlington Asset Investment Corp. Class A(a)

     4,868         117,124   

Artisan Partners Asset Management, Inc. Class A(a)

     2,162         98,284   

Bank of New York Mellon Corp. (The)

     26,640         1,071,994   

BGC Partners, Inc. Class A

     18,253         172,491   

BlackRock, Inc.

     5,150         1,884,076   

Charles Schwab Corp. (The)

     15,625         475,625   

Cohen & Steers, Inc.(a)

     1,891         77,436   

Eaton Vance Corp.(a)

     4,269         177,761   

Evercore Partners, Inc. Class A

     1,385         71,549   
     

Federated Investors, Inc. Class B(a)

     4,610       $ 156,233   

Franklin Resources, Inc.

     7,818         401,220   

FXCM, Inc. Class A(a)

     2,704         5,759   

Goldman Sachs Group, Inc. (The)

     7,641         1,436,279   

Greenhill & Co., Inc.(a)

     2,378         94,288   

Janus Capital Group, Inc.(a)

     6,892         118,473   

Legg Mason, Inc.

     2,226         122,875   

LPL Financial Holdings, Inc.(a)

     3,213         140,922   

Morgan Stanley

     30,682         1,095,041   

Northern Trust Corp.

     6,258         435,870   

NorthStar Asset Management Group, Inc.

     5,359         125,079   

Raymond James Financial, Inc.

     2,761         156,770   

SEI Investments Co.

     2,974         131,124   

State Street Corp.

     9,546         701,917   

T. Rowe Price Group, Inc.(a)

     7,568         612,857   

TD Ameritrade Holding Corp.

     13,590         506,363   

Waddell & Reed Financial, Inc. Class A

     3,653         180,970   
     

 

 

 
Total Capital Markets               11,190,393   
Chemicals – 2.5%      

A. Schulman, Inc.

     1,988         95,822   

Air Products & Chemicals, Inc.

     6,626         1,002,381   

Airgas, Inc.

     2,018         214,130   

Albemarle Corp.

     3,325         175,693   

Ashland, Inc.

     1,200         152,772   

Axiall Corp.

     2,112         99,137   

Cabot Corp.

     2,595         116,775   

Celanese Corp. Series A

     3,671         205,062   

CF Industries Holdings, Inc.

     1,633         463,249   

Cytec Industries, Inc.

     1,316         71,117   

Dow Chemical Co. (The)

     63,307         3,037,470   

E.I. du Pont de Nemours & Co.

     33,953         2,426,621   

Eastman Chemical Co.

     4,018         278,287   

Ecolab, Inc.

     4,460         510,135   

FMC Corp.(a)

     2,061         117,992   

FutureFuel Corp.

     4,228         43,422   

H.B. Fuller Co.

     1,142         48,958   

Huntsman Corp.(a)

     7,410         164,280   

Innophos Holdings, Inc.

     1,601         90,232   

International Flavors & Fragrances, Inc.

     2,231         261,919   

Kronos Worldwide, Inc.(a)

     9,363         118,442   

Monsanto Co.(a)

     11,046         1,243,117   

Mosaic Co. (The)

     10,336         476,076   

NewMarket Corp.(a)

     279         133,306   

Olin Corp.(a)

     4,872         156,099   

PolyOne Corp.

     1,434         53,560   

PPG Industries, Inc.

     2,363         532,951   

Praxair, Inc.

     8,291         1,001,055   

RPM International, Inc.

     4,067         195,175   

Scotts Miracle-Gro Co. (The) Class A

     2,629         176,590   

Sensient Technologies Corp.

     1,526         105,111   

Sherwin-Williams Co. (The)

     1,239         352,495   

Sigma-Aldrich Corp.

     1,208         167,006   

Valhi, Inc.(a)

     7,056         43,959   

 

See Notes to Financial Statements.

 

80   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Valspar Corp. (The)

     1,596       $ 134,112   

Westlake Chemical Corp.

     2,334         167,908   
     

 

 

 
Total Chemicals               14,632,416   
Commercial Services & Supplies – 0.8%      

ABM Industries, Inc.

     3,228         102,844   

ADT Corp. (The)(a)

     6,217         258,130   

Brady Corp. Class A

     3,010         85,153   

Cintas Corp.

     2,116         172,729   

Courier Corp.

     2,906         71,139   

Covanta Holding Corp.(a)

     7,814         175,268   

Deluxe Corp.

     1,777         123,111   

Ennis, Inc.

     4,298         60,688   

Healthcare Services Group, Inc.(a)

     3,137         100,792   

Herman Miller, Inc.

     1,715         47,608   

HNI Corp.(a)

     2,024         111,664   

KAR Auction Services, Inc.

     6,086         230,842   

Knoll, Inc.

     3,872         90,721   

McGrath RentCorp

     1,725         56,770   

Mobile Mini, Inc.

     1,694         72,232   

MSA Safety, Inc.

     1,387         69,184   

Pitney Bowes, Inc.

     8,728         203,537   

Quad/Graphics, Inc.

     2,946         67,699   

R.R. Donnelley & Sons Co.(a)

     17,879         343,098   

Republic Services, Inc.

     13,447         545,410   

Rollins, Inc.

     5,257         129,993   

Steelcase, Inc. Class A

     3,488         66,063   

U.S. Ecology, Inc.(a)

     922         46,072   

United Stationers, Inc.(a)

     1,247         51,115   

Waste Connections, Inc.

     1,981         95,365   

Waste Management, Inc.

     19,096         1,035,576   

West Corp.

     4,092         138,023   
     

 

 

 
Total Commercial Services & Supplies               4,550,826   
Communications Equipment – 1.8%      

Brocade Communications Systems, Inc.

     7,613         90,328   

Cisco Systems, Inc.

     201,049         5,533,874   

Comtech Telecommunications Corp.

     1,819         52,660   

Harris Corp.

     3,769         296,846   

InterDigital, Inc.(a)

     1,340         67,992   

Juniper Networks, Inc.

     11,191         252,693   

Motorola Solutions, Inc.

     7,379         491,958   

Plantronics, Inc.(a)

     1,039         55,015   

QUALCOMM, Inc.

     54,963         3,811,134   
     

 

 

 
Total Communications Equipment               10,652,500   
Construction & Engineering – 0.0%      

Fluor Corp.

     3,380         193,201   

KBR, Inc.(a)

     5,277         76,411   
     

 

 

 
Total Construction & Engineering               269,612   
Construction Materials – 0.1%      

Eagle Materials, Inc.

     708         59,160   

Martin Marietta Materials, Inc.

     1,461         204,248   

Vulcan Materials Co.

     933         78,652   
     

 

 

 
Total Construction Materials               342,060   
     
Consumer Finance – 0.6%      

American Express Co.

     16,747       $ 1,308,275   

Capital One Financial Corp.

     11,484         905,169   

Discover Financial Services

     9,898         557,752   

Navient Corp.

     15,736         319,913   

Nelnet, Inc. Class A

     713         33,739   

Santander Consumer USA Holdings, Inc.(a)

     16,662         385,559   
     

 

 

 
Total Consumer Finance               3,510,407   
Containers & Packaging – 0.3%      

AptarGroup, Inc.(a)

     1,838         116,750   

Avery Dennison Corp.

     3,325         175,926   

Ball Corp.

     1,602         113,165   

Bemis Co., Inc.

     3,923         181,674   

Greif, Inc. Class A

     654         25,683   

Greif, Inc. Class B(a)

     2,230         102,580   

MeadWestvaco Corp.

     5,447         271,642   

Packaging Corp. of America

     2,909         227,455   

Rock-Tenn Co. Class A

     2,545         164,152   

Sealed Air Corp.

     3,905         177,912   

Silgan Holdings, Inc.

     1,234         71,732   

Sonoco Products Co.

     4,246         193,023   
     

 

 

 
Total Containers & Packaging               1,821,694   
Distributors – 0.1%      

Genuine Parts Co.(a)

     4,800         447,312   

Pool Corp.

     1,293         90,200   
     

 

 

 
Total Distributors               537,512   
Diversified Consumer Services – 0.1%      

Collectors Universe, Inc.

     1,445         32,599   

DeVry Education Group, Inc.

     1,204         40,166   

Graham Holdings Co. Class B

     109         114,410   

H&R Block, Inc.(a)

     9,554         306,397   

Service Corp. International

     5,008         130,458   

Sotheby’s(a)

     1,066         45,049   
     

 

 

 
Total Diversified Consumer Services               669,079   
Diversified Financial Services – 0.5%      

CBOE Holdings, Inc.

     1,871         107,405   

CME Group, Inc.

     10,128         959,223   

Intercontinental Exchange, Inc.

     1,821         424,785   

Leucadia National Corp.

     6,285         140,092   

MarketAxess Holdings, Inc.

     664         55,045   

McGraw Hill Financial, Inc.

     5,317         549,778   

Moody’s Corp.

     3,636         377,417   

MSCI, Inc.

     2,686         164,679   

NASDAQ OMX Group, Inc. (The)

     3,185         162,244   
     

 

 

 
Total Diversified Financial Services               2,940,668   
Diversified Telecommunication Services – 5.2%      

AT&T, Inc.

     412,263         13,460,387   

Atlantic Tele-Network, Inc.

     481         33,295   

CenturyLink, Inc.

     47,080         1,626,614   

Cogent Communications Holdings, Inc.(a)

     2,649         93,589   

Consolidated Communications Holdings, Inc.(a)

     5,412         110,405   

Frontier Communications Corp.(a)

     89,234         629,099   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      81   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Verizon Communications, Inc.

     278,537       $ 13,545,254   

Windstream Holdings, Inc.

     95,797         708,898   
     

 

 

 
Total Diversified Telecommunication Services               30,207,541   
Electric Utilities – 3.1%      

ALLETE, Inc.

     3,007         158,649   

American Electric Power Co., Inc.

     25,591         1,439,494   

Cleco Corp.

     2,498         136,191   

Duke Energy Corp.

     37,573         2,884,855   

Edison International

     10,062         628,573   

El Paso Electric Co.

     3,000         115,920   

Empire District Electric Co. (The)

     3,992         99,081   

Entergy Corp.

     9,164         710,118   

Eversource Energy

     13,118         662,721   

Exelon Corp.(a)

     40,909         1,374,952   

FirstEnergy Corp.

     21,764         763,046   

Great Plains Energy, Inc.

     7,537         201,087   

Hawaiian Electric Industries, Inc.

     5,806         186,489   

IDACORP, Inc.(a)

     2,560         160,947   

ITC Holdings Corp.(a)

     4,218         157,880   

MGE Energy, Inc.

     2,015         89,305   

NextEra Energy, Inc.

     17,559         1,827,014   

NRG Yield, Inc. Class A(a)

     1,814         92,024   

OGE Energy Corp.(a)

     8,315         262,837   

Otter Tail Corp.

     3,273         105,292   

Pepco Holdings, Inc.

     14,058         377,176   

Pinnacle West Capital Corp.

     5,573         355,279   

PNM Resources, Inc.

     3,580         104,536   

Portland General Electric Co.(a)

     3,860         143,167   

PPL Corp.

     38,950         1,311,057   

Southern Co. (The)(a)

     54,341         2,406,220   

UIL Holdings Corp.

     3,741         192,362   

Westar Energy, Inc.(a)

     6,246         242,095   

Xcel Energy, Inc.

     23,544         819,567   
     

 

 

 
Total Electric Utilities               18,007,934   
Electrical Equipment – 0.5%      

AMETEK, Inc.

     2,624         137,865   

Babcock & Wilcox Co. (The)

     4,164         133,623   

Emerson Electric Co.

     31,120         1,762,015   

EnerSys(a)

     1,089         69,957   

General Cable Corp.(a)

     4,987         85,926   

Hubbell, Inc. Class B

     1,873         205,318   

Regal-Beloit Corp.

     991         79,201   

Rockwell Automation, Inc.

     4,663         540,861   
     

 

 

 
Total Electrical Equipment               3,014,766   
Electronic Equipment, Instruments & Components – 0.3%      

Amphenol Corp. Class A

     4,198         247,388   

Avnet, Inc.

     2,804         124,778   

AVX Corp.

     7,038         100,432   

CDW Corp.

     2,048         76,268   

Corning, Inc.

     34,957         792,825   

Electro Rent Corp.

     3,506         39,758   

FEI Co.(a)

     766         58,476   

FLIR Systems, Inc.

     2,707         84,675   
     

Jabil Circuit, Inc.

     4,884       $ 114,188   

MTS Systems Corp.(a)

     1,118         84,577   

National Instruments Corp.

     4,228         135,465   
     

 

 

 
Total Electronic Equipment, Instruments & Components         1,858,830   
Energy Equipment & Services – 0.7%      

Baker Hughes, Inc.

     7,545         479,711   

Bristow Group, Inc.(a)

     1,268         69,043   

CARBO Ceramics, Inc.(a)

     1,449         44,209   

Diamond Offshore Drilling, Inc.(a)

     19,730         528,567   

Gulfmark Offshore, Inc. Class A(a)

     2,775         36,186   

Halliburton Co.

     22,238         975,803   

Helmerich & Payne, Inc.(a)

     6,653         452,870   

National Oilwell Varco, Inc.

     17,998         899,720   

Oceaneering International, Inc.

     2,678         144,424   

Patterson-UTI Energy, Inc.

     6,092         114,377   

RPC, Inc.(a)

     11,105         142,255   

Superior Energy Services, Inc.(a)

     4,138         92,443   

Tidewater, Inc.(a)

     2,750         52,635   

U.S. Silica Holdings, Inc.(a)

     1,557         55,445   
     

 

 

 
Total Energy Equipment & Services               4,087,688   
Food & Staples Retailing – 2.7%      

Casey’s General Stores, Inc.

     616         55,502   

Costco Wholesale Corp.

     6,260         948,359   

CVS Health Corp.

     20,078         2,072,250   

Kroger Co. (The)

     8,657         663,646   

Sysco Corp.

     24,497         924,272   

Wal-Mart Stores, Inc.

     102,812         8,456,287   

Walgreens Boots Alliance, Inc.

     23,753         2,011,404   

Weis Markets, Inc.(a)

     1,438         71,555   

Whole Foods Market, Inc.

     5,419         282,221   
Total Food & Staples Retailing               15,485,496   
Food Products – 2.0%      

Archer-Daniels-Midland Co.

     17,200         815,280   

B&G Foods, Inc.(a)

     4,077         119,986   

Campbell Soup Co.(a)

     12,635         588,159   

ConAgra Foods, Inc.

     15,902         580,900   

Dean Foods Co.(a)

     3,091         51,094   

Flowers Foods, Inc.(a)

     8,265         187,946   

General Mills, Inc.

     25,921         1,467,129   

Hershey Co. (The)(a)

     4,831         487,496   

Hormel Foods Corp.

     5,934         337,348   

Ingredion, Inc.

     2,116         164,667   

J.M. Smucker Co. (The)(a)

     3,447         398,921   

Kellogg Co.

     14,483         955,154   

Keurig Green Mountain, Inc.(a)

     1,902         212,510   

Kraft Foods Group, Inc.

     30,926         2,694,118   

Lancaster Colony Corp.

     939         89,365   

McCormick & Co., Inc. Non-Voting Shares(a)

     3,317         255,774   

Mead Johnson Nutrition Co.

     4,339         436,200   

Mondelez International, Inc. Class A

     37,667         1,359,402   

Pinnacle Foods, Inc.

     4,409         179,931   

Sanderson Farms, Inc.(a)

     364         28,993   

Snyder’s-Lance, Inc.

     3,003         95,976   

 

See Notes to Financial Statements.

 

82   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Tyson Foods, Inc. Class A

     4,209       $ 161,205   
     

 

 

 
Total Food Products               11,667,554   
Gas Utilities – 0.3%      

AGL Resources, Inc.

     5,988         297,304   

Atmos Energy Corp.

     3,926         217,108   

Laclede Group, Inc. (The)(a)

     2,139         109,559   

National Fuel Gas Co.(a)

     2,499         150,765   

New Jersey Resources Corp.

     3,352         104,113   

Northwest Natural Gas Co.(a)

     2,397         114,936   

ONE Gas, Inc.(a)

     2,009         86,849   

Piedmont Natural Gas Co., Inc.

     3,609         133,208   

Questar Corp.(a)

     7,830         186,824   

South Jersey Industries, Inc.

     1,699         92,222   

Southwest Gas Corp.

     1,599         93,014   

UGI Corp.

     5,756         187,588   

WGL Holdings, Inc.(a)

     2,599         146,584   
     

 

 

 
Total Gas Utilities               1,920,074   
Health Care Equipment & Supplies – 1.1%      

Abbott Laboratories

     41,842         1,938,540   

Baxter International, Inc.

     21,372         1,463,982   

Becton, Dickinson and Co.

     4,241         608,965   

C.R. Bard, Inc.

     488         81,667   

CONMED Corp.

     1,765         89,115   

DENTSPLY International, Inc.

     1,096         55,775   

Hill-Rom Holdings, Inc.

     1,385         67,865   

Meridian Bioscience, Inc.(a)

     4,687         89,428   

ResMed, Inc.(a)

     4,190         300,758   

St. Jude Medical, Inc.

     6,372         416,729   

STERIS Corp.

     1,257         88,329   

Stryker Corp.

     6,925         638,831   

Teleflex, Inc.(a)

     826         99,806   

West Pharmaceutical Services, Inc.

     1,062         63,943   

Zimmer Holdings, Inc.

     1,802         211,771   
     

 

 

 
Total Health Care Equipment & Supplies               6,215,504   
Health Care Providers & Services – 1.1%      

Aetna, Inc.

     5,549         591,135   

AmerisourceBergen Corp.

     3,931         446,837   

Anthem, Inc.

     5,311         820,072   

Cardinal Health, Inc.

     7,824         706,272   

HealthSouth Corp.(a)

     2,779         123,276   

Humana, Inc.

     1,657         294,979   

Kindred Healthcare, Inc.

     2,705         64,352   

Landauer, Inc.(a)

     1,411         49,583   

McKesson Corp.

     1,525         344,955   

National Healthcare Corp.(a)

     1,232         78,491   

Omnicare, Inc.

     1,370         105,572   

Owens & Minor, Inc.(a)

     2,395         81,047   

Patterson Cos., Inc.(a)

     2,654         129,489   

Quest Diagnostics, Inc.(a)

     3,858         296,487   

Select Medical Holdings Corp.

     6,764         100,310   

UnitedHealth Group, Inc.

     20,362         2,408,621   
     

 

 

 
Total Health Care Providers & Services               6,641,478   
     
Health Care Technology – 0.0%      

Computer Programs & Systems, Inc.(a)

     1,353       $ 73,414   

Quality Systems, Inc.(a)

     5,355         85,573   
     

 

 

 
Total Health Care Technology               158,987   
Hotels, Restaurants & Leisure – 2.4%      

Aramark

     4,167         131,802   

Bob Evans Farms, Inc.(a)

     1,410         65,227   

Brinker International, Inc.(a)

     2,231         137,340   

Cheesecake Factory, Inc. (The)(a)

     1,256         61,958   

Choice Hotels International, Inc.

     1,400         89,698   

Cracker Barrel Old Country Store, Inc.(a)

     1,136         172,831   

Darden Restaurants, Inc.

     7,249         502,646   

DineEquity, Inc.

     966         103,372   

Domino’s Pizza, Inc.

     919         92,405   

Dunkin’ Brands Group, Inc.(a)

     2,981         141,776   

International Game Technology

     8,878         154,566   

Las Vegas Sands Corp.(a)

     40,160         2,210,406   

Marriott International, Inc. Class A(a)

     4,295         344,974   

McDonald’s Corp.

     50,299         4,901,135   

SeaWorld Entertainment, Inc.(a)

     6,573         126,727   

Six Flags Entertainment Corp.(a)

     6,221         301,159   

Speedway Motorsports, Inc.

     3,481         79,193   

Starbucks Corp.

     15,930         1,508,571   

Starwood Hotels & Resorts Worldwide, Inc.(a)

     4,497         375,500   

Texas Roadhouse, Inc.(a)

     2,536         92,386   

Vail Resorts, Inc.

     1,125         116,348   

Wendy’s Co. (The)(a)

     14,138         154,104   

Wyndham Worldwide Corp.

     2,880         260,554   

Wynn Resorts Ltd.

     5,717         719,656   

Yum! Brands, Inc.

     13,904         1,094,523   
     

 

 

 
Total Hotels, Restaurants & Leisure               13,938,857   
Household Durables – 0.3%      

D.R. Horton, Inc.

     5,845         166,466   

Harman International Industries, Inc.

     1,455         194,432   

Leggett & Platt, Inc.(a)

     5,751         265,064   

Lennar Corp. Class A(a)

     1,692         87,663   

MDC Holdings, Inc.(a)

     3,139         89,461   

NACCO Industries, Inc. Class A(a)

     817         43,293   

Newell Rubbermaid, Inc.

     7,677         299,940   

PulteGroup, Inc.

     8,932         198,558   

Ryland Group, Inc. (The)(a)

     1,387         67,602   

Tupperware Brands Corp.(a)

     2,861         197,466   

Whirlpool Corp.

     1,764         356,434   
     

 

 

 
Total Household Durables               1,966,379   
Household Products – 2.3%      

Church & Dwight Co., Inc.

     3,090         263,948   

Clorox Co. (The)

     5,063         558,904   

Colgate-Palmolive Co.

     26,649         1,847,842   

Energizer Holdings, Inc.

     1,377         190,095   

Kimberly-Clark Corp.

     15,163         1,624,109   

Procter & Gamble Co. (The)

     108,255         8,870,415   

Spectrum Brands Holdings, Inc.

     1,136         101,740   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      83   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

WD-40 Co.

     810       $ 71,717   
     

 

 

 
Total Household Products               13,528,770   
Independent Power and Renewable Electricity Producers – 0.1%      

AES Corp.

     15,007         192,840   

NRG Energy, Inc.

     9,685         243,965   

Pattern Energy Group, Inc.(a)

     3,871         109,627   
     

 

 

 
Total Independent Power and Renewable Electricity Producers               546,432   
Industrial Conglomerates – 2.8%      

3M Co.

     19,375         3,195,906   

Carlisle Cos., Inc.

     1,248         115,602   

Danaher Corp.

     4,687         397,927   

General Electric Co.

     495,778         12,300,252   

Roper Industries, Inc.(a)

     664         114,208   
     

 

 

 
Total Industrial Conglomerates               16,123,895   
Insurance – 2.6%      

Aflac, Inc.

     16,477         1,054,693   

Allstate Corp. (The)

     9,523         677,752   

American Financial Group, Inc.

     1,994         127,915   

American International Group, Inc.

     19,139         1,048,626   

American National Insurance Co.

     1,307         128,596   

AmTrust Financial Services, Inc.(a)

     1,930         109,981   

Arthur J. Gallagher & Co.

     6,407         299,527   

Assurant, Inc.

     1,694         104,028   

Baldwin & Lyons, Inc. Class B

     2,885         67,682   

Brown & Brown, Inc.

     3,145         104,131   

Chubb Corp. (The)(a)

     5,968         603,365   

Cincinnati Financial Corp.(a)

     7,555         402,530   

CNA Financial Corp.

     9,104         377,179   

CNO Financial Group, Inc.

     5,000         86,100   

Donegal Group, Inc. Class A

     4,626         72,721   

Erie Indemnity Co. Class A

     1,757         153,316   

First American Financial Corp.(a)

     4,048         144,433   

FNF Group

     8,721         320,584   

Hanover Insurance Group, Inc. (The)

     1,284         93,193   

Hartford Financial Services Group, Inc. (The)

     11,049         462,069   

HCC Insurance Holdings, Inc.

     3,070         173,977   

Horace Mann Educators Corp.

     2,339         79,994   

Infinity Property & Casualty Corp.

     841         69,004   

Kemper Corp.

     2,235         87,076   

Lincoln National Corp.

     5,451         313,214   

Loews Corp.

     3,478         142,007   

Marsh & McLennan Cos., Inc.

     14,924         837,087   

Mercury General Corp.(a)

     3,324         191,961   

MetLife, Inc.

     41,956         2,120,876   

Old Republic International Corp.

     18,258         272,774   

Principal Financial Group, Inc.

     10,729         551,149   

ProAssurance Corp.

     1,707         78,368   

Progressive Corp. (The)

     14,445         392,904   

Prudential Financial, Inc.

     16,774         1,347,120   

Reinsurance Group of America, Inc.

     1,749         162,989   

RLI Corp.(a)

     1,666         87,315   
     

Safety Insurance Group, Inc.

     1,741       $ 104,025   

Selective Insurance Group, Inc.

     2,676         77,738   

StanCorp Financial Group, Inc.

     1,292         88,631   

State Auto Financial Corp.

     3,269         79,404   

Symetra Financial Corp.

     5,024         117,863   

Torchmark Corp.(a)

     1,668         91,606   

Travelers Cos., Inc. (The)

     9,382         1,014,476   

United Fire Group, Inc.

     1,428         45,368   

Universal Insurance Holdings, Inc.(a)

     2,163         55,351   

Unum Group

     7,093         239,247   

W.R. Berkley Corp.

     1,154         58,288   
     

 

 

 
Total Insurance               15,318,233   
Internet & Catalog Retail – 0.1%      

Expedia, Inc.(a)

     1,429         134,512   

HSN, Inc.

     1,525         104,050   

Nutrisystem, Inc.

     3,508         70,090   
     

 

 

 
Total Internet & Catalog Retail               308,652   
Internet Software & Services – 0.1%      

IAC/InterActiveCorp

     2,628         177,311   

j2 Global, Inc.(a)

     1,605         105,417   
     

 

 

 
Total Internet Software & Services               282,728   
IT Services – 2.3%      

Automatic Data Processing, Inc.

     16,157         1,383,685   

Booz Allen Hamilton Holding Corp.

     3,714         107,483   

Broadridge Financial Solutions, Inc.

     4,623         254,311   

Computer Sciences Corp.

     3,284         214,379   

DST Systems, Inc.

     749         82,922   

Fidelity National Information Services, Inc.

     6,530         444,432   

International Business Machines Corp.

     39,360         6,317,280   

Jack Henry & Associates, Inc.

     1,875         131,044   

Leidos Holdings, Inc.

     3,703         155,378   

MasterCard, Inc. Class A

     8,089         698,809   

Paychex, Inc.

     16,565         821,872   

Sabre Corp.(a)

     6,888         167,378   

Science Applications International Corp.

     1,745         89,606   

Total System Services, Inc.

     3,757         143,330   

Visa, Inc. Class A(a)

     20,556         1,344,568   

Western Union Co. (The)(a)

     21,096         439,008   

Xerox Corp.

     29,487         378,908   
     

 

 

 
Total IT Services               13,174,393   
Leisure Products – 0.2%      

Brunswick Corp.(a)

     1,380         71,001   

Hasbro, Inc.(a)

     5,797         366,602   

Mattel, Inc.(a)

     22,873         522,648   

Polaris Industries, Inc.(a)

     1,269         179,056   

Sturm Ruger & Co., Inc.(a)

     1,077         53,452   
     

 

 

 
Total Leisure Products               1,192,759   
Life Sciences Tools & Services – 0.1%      

Agilent Technologies, Inc.

     4,781         198,651   

Bio-Techne Corp.

     926         92,868   

Thermo Fisher Scientific, Inc.

     2,705         363,390   
     

 

 

 
Total Life Sciences Tools & Services               654,909   

 

See Notes to Financial Statements.

 

84   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Machinery – 1.7%      

AGCO Corp.(a)

     1,792       $ 85,371   

Albany International Corp. Class A

     1,043         41,459   

Allison Transmission Holdings, Inc.

     5,093         162,670   

Briggs & Stratton Corp.(a)

     2,625         53,917   

Caterpillar, Inc.(a)

     26,274         2,102,708   

CLARCOR, Inc.(a)

     1,096         72,402   

Crane Co.

     2,168         135,305   

Cummins, Inc.

     5,792         803,003   

Deere & Co.(a)

     14,509         1,272,294   

Donaldson Co., Inc.(a)

     3,609         136,095   

Dover Corp.(a)

     5,359         370,414   

Flowserve Corp.

     2,319         131,000   

Graco, Inc.

     1,442         104,055   

Harsco Corp.(a)

     6,139         105,959   

Hillenbrand, Inc.(a)

     3,628         111,996   

IDEX Corp.

     1,978         149,992   

Illinois Tool Works, Inc.

     11,347         1,102,248   

ITT Corp.

     1,667         66,530   

Joy Global, Inc.(a)

     2,704         105,943   

Kennametal, Inc.(a)

     2,709         91,266   

Lincoln Electric Holdings, Inc.(a)

     2,107         137,777   

Nordson Corp.(a)

     1,278         100,119   

Oshkosh Corp.(a)

     2,216         108,119   

PACCAR, Inc.

     6,468         408,389   

Pall Corp.

     1,899         190,641   

Parker-Hannifin Corp.

     4,160         494,125   

Snap-on, Inc.

     1,281         188,384   

SPX Corp.

     1,170         99,333   

Stanley Black & Decker, Inc.

     4,826         460,207   

Timken Co. (The)

     3,304         139,231   

Toro Co. (The)

     951         66,684   

Trinity Industries, Inc.(a)

     3,899         138,453   

Woodward, Inc.

     679         34,636   

Xylem, Inc.

     4,034         141,271   
     

 

 

 
Total Machinery               9,911,996   
Marine – 0.0%      

International Shipholding Corp.

     2,145         25,976   

Matson, Inc.

     1,679         70,787   
     

 

 

 
Total Marine               96,763   
Media – 2.2%      

Cablevision Systems Corp. Class A(a)

     9,207         168,488   

CBS Corp. Class A

     1,131         69,704   

CBS Corp. Class B Non-Voting Shares

     6,836         414,467   

Cinemark Holdings, Inc.

     4,408         198,669   

Comcast Corp. Class A

     48,736         2,752,122   

Comcast Corp. Special Class A

     9,474         531,160   

Gannett Co., Inc.

     8,438         312,881   

Interpublic Group of Cos., Inc. (The)

     12,187         269,576   

John Wiley & Sons, Inc. Class A

     1,921         117,450   

Meredith Corp.(a)

     1,902         106,075   

Morningstar, Inc.

     429         32,136   

National CineMedia, Inc.

     5,947         89,800   
     

New Media Investment Group, Inc.

     2,973       $ 71,144   

Omnicom Group, Inc.(a)

     9,010         702,600   

Regal Entertainment Group Class A(a)

     7,636         174,406   

Scripps Networks Interactive, Inc. Class A(a)

     1,476         101,195   

Sinclair Broadcast Group, Inc. Class A(a)

     3,171         99,601   

Time Warner Cable, Inc.

     8,121         1,217,175   

Time Warner, Inc.

     17,927         1,513,756   

Time, Inc.(a)

     4,847         108,767   

Twenty-First Century Fox, Inc. Class A(a)

     12,856         435,047   

Twenty-First Century Fox, Inc. Class B

     7,996         262,908   

Viacom, Inc. Class A

     1,418         97,402   

Viacom, Inc. Class B

     9,011         615,451   

Walt Disney Co. (The)

     22,155         2,323,838   

World Wrestling Entertainment, Inc. Class A(a)

     4,031         56,474   
     

 

 

 
Total Media               12,842,292   
Metals & Mining – 0.7%      

Alcoa, Inc.

     14,010         181,009   

Allegheny Technologies, Inc.(a)

     3,481         104,465   

Carpenter Technology Corp.(a)

     1,582         61,508   

Commercial Metals Co.(a)

     4,999         80,934   

Compass Minerals International, Inc.(a)

     1,390         129,562   

Freeport-McMoRan, Inc.

     82,359         1,560,703   

Globe Specialty Metals, Inc.

     3,012         56,987   

Hecla Mining Co.(a)

     17,263         51,444   

Kaiser Aluminum Corp.(a)

     768         59,052   

Newmont Mining Corp.

     3,384         73,467   

Nucor Corp.

     12,642         600,874   

Reliance Steel & Aluminum Co.

     2,558         156,243   

Royal Gold, Inc.(a)

     1,140         71,945   

Southern Copper Corp.(a)

     20,101         586,547   

Steel Dynamics, Inc.

     7,783         156,438   

United States Steel Corp.(a)

     1,866         45,530   

Worthington Industries, Inc.(a)

     2,531         67,350   
     

 

 

 
Total Metals & Mining               4,044,058   
Multi-Utilities – 1.9%      

Alliant Energy Corp.

     4,820         303,660   

Ameren Corp.

     12,340         520,748   

Avista Corp.(a)

     3,980         136,036   

Black Hills Corp.

     2,253         113,641   

CenterPoint Energy, Inc.

     23,480         479,227   

CMS Energy Corp.(a)

     11,259         393,052   

Consolidated Edison, Inc.(a)

     15,184         926,224   

Dominion Resources, Inc.

     26,589         1,884,362   

DTE Energy Co.

     7,960         642,292   

Integrys Energy Group, Inc.

     3,955         284,839   

MDU Resources Group, Inc.

     8,950         190,993   

NiSource, Inc.

     11,094         489,911   

NorthWestern Corp.

     2,385         128,289   

PG&E Corp.

     22,629         1,200,921   

Public Service Enterprise Group, Inc.

     25,117         1,052,905   

SCANA Corp.(a)

     6,835         375,857   

Sempra Energy

     8,183         892,111   

TECO Energy, Inc.

     13,782         267,371   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      85   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Vectren Corp.

     4,081       $ 180,135   

Wisconsin Energy Corp.(a)

     9,472         468,864   
     

 

 

 
Total Multi-Utilities               10,931,438   
Multiline Retail – 0.7%      

Big Lots, Inc.(a)

     1,893         90,921   

Family Dollar Stores, Inc.

     2,625         208,005   

Kohl’s Corp.(a)

     7,813         611,367   

Macy’s, Inc.

     9,731         631,639   

Nordstrom, Inc.

     4,816         386,821   

Target Corp.

     25,408         2,085,235   
     

 

 

 
Total Multiline Retail               4,013,988   
Oil, Gas & Consumable Fuels – 9.3%      

Anadarko Petroleum Corp.

     10,268         850,293   

Apache Corp.

     9,126         550,572   

Cabot Oil & Gas Corp.

     1,406         41,519   

Chesapeake Energy Corp.(a)

     18,422         260,855   

Chevron Corp.

     110,373         11,586,958   

Cimarex Energy Co.

     843         97,021   

ConocoPhillips

     79,847         4,971,274   

CONSOL Energy, Inc.

     2,598         72,458   

CVR Energy, Inc.(a)

     8,910         379,210   

Delek U.S. Holdings, Inc.

     2,569         102,118   

Denbury Resources, Inc.(a)

     19,902         145,086   

Devon Energy Corp.

     10,223         616,549   

EOG Resources, Inc.

     5,933         543,997   

EQT Corp.

     651         53,948   

Exxon Mobil Corp.

     188,161         15,993,685   

Hess Corp.

     6,263         425,070   

HollyFrontier Corp.

     9,139         368,027   

Kinder Morgan, Inc.(a)

     63,780         2,682,587   

Marathon Oil Corp.

     31,570         824,293   

Marathon Petroleum Corp.

     9,328         955,094   

Murphy Oil Corp.

     7,597         354,020   

Noble Energy, Inc.(a)

     8,173         399,660   

Occidental Petroleum Corp.

     41,640         3,039,720   

ONEOK, Inc.(a)

     14,793         713,614   

PBF Energy, Inc. Class A

     5,193         176,147   

Peabody Energy Corp.(a)

     17,285         85,042   

Phillips 66

     23,669         1,860,383   

Pioneer Natural Resources Co.(a)

     359         58,700   

Range Resources Corp.(a)

     608         31,640   

SemGroup Corp. Class A

     1,482         120,546   

Spectra Energy Corp.(a)

     41,185         1,489,661   

Targa Resources Corp.

     1,875         179,606   

Tesoro Corp.

     2,945         268,849   

Valero Energy Corp.

     17,153         1,091,274   

Western Refining, Inc.

     4,500         222,255   

Williams Cos., Inc. (The)

     55,362         2,800,764   
     

 

 

 
Total Oil, Gas & Consumable Fuels               54,412,495   
Paper & Forest Products – 0.2%      

International Paper Co.

     17,504         971,297   

PH Glatfelter Co.

     1,878         51,701   
     

Schweitzer-Mauduit International, Inc.

     2,206       $ 101,741   
     

 

 

 
Total Paper & Forest Products               1,124,739   
Personal Products – 0.1%      

Avon Products, Inc.(a)

     15,253         121,871   

Estee Lauder Cos., Inc. (The) Class A

     4,172         346,944   

Nu Skin Enterprises, Inc. Class A(a)

     2,835         170,695   
     

 

 

 
Total Personal Products               639,510   
Pharmaceuticals – 6.7%      

AbbVie, Inc.

     66,386         3,886,236   

Bristol-Myers Squibb Co.

     56,493         3,643,798   

Eli Lilly & Co.

     43,723         3,176,476   

Johnson & Johnson

     104,295         10,492,077   

Merck & Co., Inc.

     120,916         6,950,252   

Pfizer, Inc.

     294,051         10,230,034   

Theravance, Inc.(a)

     12,133         190,731   

Zoetis, Inc.

     4,896         226,636   
     

 

 

 
Total Pharmaceuticals               38,796,240   
Professional Services – 0.2%      

Acacia Research Corp.(a)

     2,039         21,817   

Corporate Executive Board Co. (The)

     925         73,871   

Dun & Bradstreet Corp. (The)(a)

     823         105,640   

Equifax, Inc.

     2,172         201,996   

Insperity, Inc.

     1,932         101,024   

Manpowergroup, Inc.

     1,817         156,535   

Robert Half International, Inc.

     2,741         165,885   

Towers Watson & Co. Class A(a)

     731         96,627   
     

 

 

 
Total Professional Services               923,395   
Real Estate Investment Trusts (REITs) – 7.1%      

Acadia Realty Trust

     3,573         124,626   

Agree Realty Corp.

     2,860         94,294   

Alexander’s, Inc.

     277         126,473   

Alexandria Real Estate Equities, Inc.

     3,116         305,493   

American Assets Trust, Inc.

     2,472         106,988   

American Campus Communities, Inc.

     4,992         214,007   

American Homes 4 Rent Class A

     3,952         65,406   

American Tower Corp.

     8,024         755,460   

Apartment Investment & Management Co. Class A

     5,767         226,989   

Armada Hoffler Properties, Inc.

     8,158         86,964   

Ashford Hospitality Trust, Inc.(a)

     8,095         77,874   

Associated Estates Realty Corp.(a)

     4,607         113,701   

AvalonBay Communities, Inc.

     5,039         878,046   

Aviv REIT, Inc.

     3,560         129,940   

BioMed Realty Trust, Inc.(a)

     11,357         257,350   

Boston Properties, Inc.

     4,060         570,349   

Brandywine Realty Trust(a)

     10,670         170,507   

Brixmor Property Group, Inc.

     14,430         383,116   

Camden Property Trust

     4,050         316,426   

Campus Crest Communities, Inc.

     10,697         76,591   

CBL & Associates Properties, Inc.

     12,080         239,184   

Cedar Realty Trust, Inc.

     11,365         85,124   

Chambers Street Properties

     21,519         169,570   

Chesapeake Lodging Trust

     3,540         119,758   

 

See Notes to Financial Statements.

 

86   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Columbia Property Trust, Inc.(a)

     6,867       $ 185,546   

CorEnergy Infrastructure Trust, Inc.

     11,330         78,517   

Corporate Office Properties Trust

     5,318         156,243   

Corrections Corp. of America

     8,939         359,884   

Cousins Properties, Inc.

     9,139         96,873   

Crown Castle International Corp.

     20,250         1,671,435   

CubeSmart

     6,731         162,554   

DCT Industrial Trust, Inc.

     4,027         139,576   

DDR Corp.(a)

     17,182         319,929   

DiamondRock Hospitality Co.

     9,062         128,046   

Digital Realty Trust, Inc.(a)

     8,726         575,567   

Douglas Emmett, Inc.

     6,213         185,210   

Duke Realty Corp.

     15,862         345,316   

DuPont Fabros Technology, Inc.(a)

     4,490         146,733   

EastGroup Properties, Inc.

     1,897         114,086   

Education Realty Trust, Inc.(a)

     3,715         131,437   

EPR Properties

     4,232         254,047   

Equity Lifestyle Properties, Inc.

     3,259         179,082   

Equity One, Inc.

     7,203         192,248   

Equity Residential

     13,844         1,077,894   

Essex Property Trust, Inc.(a)

     2,095         481,640   

Excel Trust, Inc.

     8,435         118,259   

Extra Space Storage, Inc.

     5,198         351,229   

Federal Realty Investment Trust(a)

     2,307         339,613   

First Industrial Realty Trust, Inc.

     3,903         83,641   

First Potomac Realty Trust(a)

     7,994         95,049   

Franklin Street Properties Corp.

     10,189         130,623   

Gaming and Leisure Properties, Inc. REIT

     10,237         377,438   

General Growth Properties, Inc.

     30,894         912,918   

Geo Group, Inc. (The)

     6,699         293,014   

Getty Realty Corp.

     4,815         87,633   

Gladstone Commercial Corp.

     4,598         85,569   

Government Properties Income Trust(a)

     7,305         166,919   

HCP, Inc.

     29,535         1,276,207   

Health Care REIT, Inc.

     18,997         1,469,608   

Healthcare Realty Trust, Inc.

     6,517         181,042   

Healthcare Trust of America, Inc. Class A(a)

     8,356         232,798   

Hersha Hospitality Trust

     15,950         103,196   

Highwoods Properties, Inc.

     4,470         204,637   

Home Properties, Inc.(a)

     3,192         221,174   

Hospitality Properties Trust

     11,739         387,270   

Host Hotels & Resorts, Inc.

     35,835         723,150   

Hudson Pacific Properties, Inc.

     2,460         81,647   

Independence Realty Trust, Inc.(a)

     9,358         88,807   

Inland Real Estate Corp.

     12,257         131,027   

Investors Real Estate Trust

     14,067         105,502   

Iron Mountain, Inc.(a)

     13,898         506,999   

Kilroy Realty Corp.

     2,515         191,568   

Kimco Realty Corp.

     20,442         548,868   

Kite Realty Group Trust

     4,305         121,272   

Lamar Advertising Co. Class A(a)

     6,859         406,533   

LaSalle Hotel Properties

     5,141         199,779   

Lexington Realty Trust(a)

     19,902         195,637   

Liberty Property Trust

     10,363         369,959   
     

LTC Properties, Inc.

     3,427       $ 157,642   

Macerich Co. (The)

     6,245         526,641   

Mack-Cali Realty Corp.

     4,902         94,511   

Medical Properties Trust, Inc.

     13,947         205,579   

Mid-America Apartment Communities, Inc.

     3,743         289,222   

Monmouth Real Estate Investment Corp. Class A

     7,090         78,770   

National Health Investors, Inc.

     1,999         141,949   

National Retail Properties, Inc.

     7,189         294,533   

New York REIT, Inc.(a)

     10,045         105,272   

Omega Healthcare Investors, Inc.(a)

     8,604         349,064   

One Liberty Properties, Inc.(a)

     3,772         92,112   

Outfront Media, Inc.

     9,200         275,264   

Parkway Properties, Inc.

     7,086         122,942   

Pebblebrook Hotel Trust

     2,153         100,265   

Pennsylvania Real Estate Investment Trust

     4,823         112,038   

Physicians Realty Trust

     5,791         101,979   

Piedmont Office Realty Trust, Inc. Class A

     9,109         169,518   

Plum Creek Timber Co., Inc.

     9,413         408,995   

Post Properties, Inc.

     2,328         132,533   

Potlatch Corp.

     2,147         85,966   

Prologis, Inc.

     21,478         935,582   

PS Business Parks, Inc.

     1,127         93,586   

Public Storage

     7,215         1,422,365   

QTS Realty Trust, Inc. Class A

     2,253         82,032   

Ramco-Gershenson Properties Trust

     6,897         128,284   

Rayonier, Inc.(a)

     6,621         178,502   

Realty Income Corp.(a)

     13,688         706,301   

Regency Centers Corp.

     3,705         252,088   

Retail Opportunity Investments Corp.

     6,924         126,709   

Retail Properties of America, Inc. Class A

     13,149         210,778   

RLJ Lodging Trust

     6,530         204,454   

Ryman Hospitality Properties, Inc.

     3,468         211,236   

Sabra Health Care REIT, Inc.(a)

     4,732         156,866   

Saul Centers, Inc.

     1,740         99,528   

Select Income REIT(a)

     6,374         159,286   

Senior Housing Properties Trust

     17,817         395,359   

Simon Property Group, Inc.

     12,438         2,433,370   

SL Green Realty Corp.

     2,125         272,807   

Sovran Self Storage, Inc.

     1,401         131,610   

Spirit Realty Capital, Inc.

     27,721         334,870   

STAG Industrial, Inc.(a)

     5,927         139,403   

Summit Hotel Properties, Inc.

     7,126         100,263   

Sun Communities, Inc.(a)

     3,298         220,043   

Sunstone Hotel Investors, Inc.

     3,333         55,561   

Tanger Factory Outlet Centers, Inc.(a)

     3,446         121,196   

Taubman Centers, Inc.

     2,386         184,032   

UDR, Inc.

     11,185         380,626   

Universal Health Realty Income Trust(a)

     1,759         98,944   

Urstadt Biddle Properties, Inc. Class A

     3,222         74,299   

Ventas, Inc.

     17,787         1,298,807   

Vornado Realty Trust

     6,445         721,840   

W.P. Carey, Inc.(a)

     7,329         498,372   

Washington Real Estate Investment Trust

     5,539         153,043   

Weingarten Realty Investors

     6,199         223,040   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      87   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Weyerhaeuser Co.

     23,376       $ 774,914   

Winthrop Realty Trust

     5,032         82,122   

WP GLIMCHER, Inc.

     13,435         223,424   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               41,195,021   
Road & Rail – 0.8%      

Con-way, Inc.

     1,121         49,470   

CSX Corp.

     25,608         848,137   

JB Hunt Transport Services, Inc.

     1,538         131,338   

Kansas City Southern

     1,506         153,732   

Landstar System, Inc.(a)

     584         38,719   

Norfolk Southern Corp.

     9,574         985,356   

Ryder System, Inc.

     1,569         148,882   

Union Pacific Corp.

     22,461         2,432,751   

Werner Enterprises, Inc.(a)

     1,416         44,477   
     

 

 

 
Total Road & Rail               4,832,862   
Semiconductors & Semiconductor Equipment – 2.2%      

Altera Corp.

     8,595         368,811   

Analog Devices, Inc.

     11,419         719,397   

Applied Materials, Inc.

     29,230         659,429   

Broadcom Corp. Class A

     8,854         383,334   

Brooks Automation, Inc.

     4,600         53,498   

Intel Corp.

     179,335         5,607,805   

Intersil Corp. Class A

     8,483         121,477   

KLA-Tencor Corp.

     6,724         391,942   

Lam Research Corp.

     2,064         144,965   

Linear Technology Corp.

     8,277         387,364   

Maxim Integrated Products, Inc.

     14,099         490,786   

Microchip Technology, Inc.(a)

     9,295         454,526   

MKS Instruments, Inc.

     1,840         62,210   

NVIDIA Corp.(a)

     13,628         285,166   

Skyworks Solutions, Inc.

     2,133         209,653   

Teradyne, Inc.

     4,051         76,361   

Texas Instruments, Inc.

     37,507         2,144,838   

Xilinx, Inc.

     9,328         394,574   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         12,956,136   
Software – 3.1%      

Activision Blizzard, Inc.

     11,111         252,498   

American Software, Inc. Class A

     4,560         46,603   

CA, Inc.

     20,362         664,005   

FactSet Research Systems, Inc.(a)

     796         126,723   

Intuit, Inc.

     4,378         424,491   

Microsoft Corp.

     303,465         12,337,370   

Oracle Corp.

     74,635         3,220,500   

Solera Holdings, Inc.

     1,787         92,316   

SS&C Technologies Holdings, Inc.

     1,357         84,541   

Symantec Corp.

     22,950         536,227   
     

 

 

 
Total Software               17,785,274   
Specialty Retail – 1.8%      

Abercrombie & Fitch Co. Class A(a)

     2,936         64,709   

Advance Auto Parts, Inc.

     215         32,183   

American Eagle Outfitters, Inc.(a)

     11,860         202,569   

Best Buy Co., Inc.

     10,053         379,903   
     

Buckle, Inc. (The)(a)

     1,355       $ 69,227   

Chico’s FAS, Inc.

     4,596         81,303   

Dick’s Sporting Goods, Inc.

     1,252         71,352   

DSW, Inc. Class A

     2,627         96,884   

Foot Locker, Inc.

     3,366         212,058   

GameStop Corp. Class A(a)

     6,405         243,134   

Gap, Inc. (The)

     13,784         597,261   

GNC Holdings, Inc. Class A

     2,257         110,751   

Guess?, Inc.(a)

     5,260         97,783   

Home Depot, Inc. (The)

     35,322         4,012,932   

L Brands, Inc.

     6,707         632,403   

Lowe’s Cos., Inc.

     19,487         1,449,638   

Men’s Wearhouse, Inc. (The)

     1,411         73,654   

Penske Automotive Group, Inc.

     2,509         129,188   

Rent-A-Center, Inc.(a)

     2,158         59,216   

Ross Stores, Inc.

     2,785         293,428   

Staples, Inc.

     26,061         424,403   

Tiffany & Co.

     2,766         243,436   

TJX Cos., Inc. (The)

     10,396         728,240   

Tractor Supply Co.

     1,531         130,227   

Williams-Sonoma, Inc.

     2,447         195,050   
     

 

 

 
Total Specialty Retail               10,630,932   
Technology Hardware, Storage & Peripherals – 3.6%      

Apple, Inc.

     139,908         17,408,753   

Diebold, Inc.(a)

     3,496         123,968   

EMC Corp.

     45,833         1,171,492   

Hewlett-Packard Co.

     43,756         1,363,437   

Lexmark International, Inc. Class A

     3,548         150,222   

NetApp, Inc.

     7,214         255,808   

SanDisk Corp.(a)

     3,765         239,529   

Western Digital Corp.

     5,036         458,326   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         21,171,535   
Textiles, Apparel & Luxury Goods – 0.5%      

Carter’s, Inc.

     792         73,236   

Coach, Inc.(a)

     15,258         632,139   

Columbia Sportswear Co.

     1,874         114,127   

Hanesbrands, Inc.

     5,712         191,409   

NIKE, Inc. Class B

     10,985         1,102,125   

Ralph Lauren Corp.

     778         102,307   

VF Corp.

     10,440         786,237   

Wolverine World Wide, Inc.(a)

     1,534         51,312   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               3,052,892   
Thrifts & Mortgage Finance – 0.3%      

Astoria Financial Corp.

     4,294         55,607   

Brookline Bancorp, Inc.

     9,206         92,520   

Capitol Federal Financial, Inc.

     7,058         88,225   

Dime Community Bancshares, Inc.

     4,821         77,618   

Hudson City Bancorp, Inc.

     13,000         136,240   

New York Community Bancorp, Inc.(a)

     37,375         625,284   

Northwest Bancshares, Inc.

     7,847         92,987   

OceanFirst Financial Corp.

     4,233         73,104   

Oritani Financial Corp.

     5,845         85,045   

People’s United Financial, Inc.(a)

     15,687         238,442   

 

See Notes to Financial Statements.

 

88   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Total Dividend Fund (DTD)

March 31, 2015

 

  

 

 

Investments    Shares      Value  

Provident Financial Services, Inc.

     3,753       $ 69,994   

TFS Financial Corp.

     8,058         118,291   

TrustCo Bank Corp.(a)

     11,453         78,797   

Washington Federal, Inc.(a)

     4,149         90,469   
     

 

 

 
Total Thrifts & Mortgage Finance               1,922,623   
Tobacco – 3.0%      

Altria Group, Inc.

     115,621         5,783,362   

Lorillard, Inc.

     19,390         1,267,137   

Philip Morris International, Inc.

     102,668         7,733,980   

Reynolds American, Inc.

     30,712         2,116,364   

Universal Corp.(a)

     1,715         80,879   

Vector Group Ltd.(a)

     11,149         244,944   
     

 

 

 
Total Tobacco               17,226,666   
Trading Companies & Distributors – 0.2%      

Applied Industrial Technologies, Inc.

     1,447         65,607   

Fastenal Co.(a)

     9,249         383,232   

GATX Corp.

     1,718         99,610   

Kaman Corp.(a)

     1,671         70,901   

MSC Industrial Direct Co., Inc. Class A(a)

     1,456         105,123   

TAL International Group, Inc.*

     3,542         144,266   

W.W. Grainger, Inc.(a)

     1,598         376,824   

Watsco, Inc.

     929         116,775   
     

 

 

 
Total Trading Companies & Distributors               1,362,338   
Water Utilities – 0.2%      

American States Water Co.

     2,340         93,343   

American Water Works Co., Inc.

     5,286         286,554   

Aqua America, Inc.(a)

     6,476         170,642   

California Water Service Group

     4,178         102,403   

Connecticut Water Service, Inc.

     2,116         76,874   

Middlesex Water Co.(a)

     2,370         53,941   

SJW Corp.(a)

     2,503         77,368   
     

 

 

 
Total Water Utilities               861,125   
Wireless Telecommunication Services – 0.0%      

Telephone & Data Systems, Inc.

     4,300         107,070   

TOTAL COMMON STOCKS

(Cost: $474,094,727)

              580,476,928   
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
WisdomTree Total Earnings Fund(a)(b)
(Cost: $1,081,960)
     15,171         1,129,266   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.2%      
United States – 6.2%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(c)

     
(Cost: $36,470,254)(d)      36,470,254         36,470,254   

TOTAL INVESTMENTS IN SECURITIES – 106.0%

(Cost: $511,646,941)

  

  

     618,076,448   

Liabilities in Excess of Cash and Other Assets – (6.0)%

  

     (35,214,169
     

 

 

 
NET ASSETS – 100.0%             $ 582,862,279   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(d) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $50,402,738 and the total market value of the collateral held by the Fund was $51,587,922. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $15,117,668. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      89   


Table of Contents

Schedule of Investments

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 3.2%      

AAR Corp.(a)

     342       $ 10,499   

B/E Aerospace, Inc.(a)

     455         28,947   

Boeing Co. (The)(a)

     4,841         726,537   

Cubic Corp.(a)

     176         9,112   

Curtiss-Wright Corp.(a)

     225         16,637   

Esterline Technologies Corp.*(a)

     172         19,680   

Exelis, Inc.

     1,810         44,110   

General Dynamics Corp.

     1,783         242,007   

HEICO Corp.(a)

     117         7,145   

Hexcel Corp.(a)

     361         18,563   

Honeywell International, Inc.

     3,759         392,101   

Huntington Ingalls Industries, Inc.

     334         46,810   

KLX, Inc.*(a)

     145         5,588   

L-3 Communications Holdings, Inc.

     521         65,537   

Lockheed Martin Corp.

     1,927         391,104   

Moog, Inc. Class A*

     231         17,337   

National Presto Industries, Inc.(a)

     59         3,740   

Northrop Grumman Corp.

     1,260         202,810   

Orbital ATK, Inc.(a)

     469         35,939   

Precision Castparts Corp.(a)

     694         145,740   

Raytheon Co.(a)

     2,170         237,072   

Rockwell Collins, Inc.(a)

     728         70,288   

Teledyne Technologies, Inc.*(a)

     172         18,358   

Textron, Inc.(a)

     1,372         60,821   

TransDigm Group, Inc.(a)

     113         24,715   

Triumph Group, Inc.(a)

     377         22,514   

United Technologies Corp.

     5,109         598,775   
     

 

 

 
Total Aerospace & Defense               3,462,486   
Air Freight & Logistics – 0.6%      

Atlas Air Worldwide Holdings, Inc.*(a)

     208         8,948   

C.H. Robinson Worldwide, Inc.(a)

     550         40,271   

Expeditors International of Washington, Inc.(a)

     703         33,871   

FedEx Corp.(a)

     1,100         181,995   

Forward Air Corp.(a)

     141         7,656   

Hub Group, Inc. Class A*(a)

     175         6,876   

Park-Ohio Holdings Corp.

     205         10,797   

United Parcel Service, Inc. Class B

     3,414         330,953   
     

 

 

 
Total Air Freight & Logistics               621,367   
Airlines – 1.2%      

Alaska Air Group, Inc.

     973         64,393   

Allegiant Travel Co.

     112         21,536   

American Airlines Group, Inc.(a)

     171         9,025   

Delta Air Lines, Inc.(a)

     19,078         857,747   

Hawaiian Holdings, Inc.*(a)

     635         13,986   

JetBlue Airways Corp.*(a)

     1,170         22,523   

Southwest Airlines Co.

     2,515         111,415   

Spirit Airlines, Inc.*

     297         22,976   

United Continental Holdings, Inc.*

     1,689         113,585   
     

 

 

 
Total Airlines               1,237,186   
     
Auto Components – 0.5%      

American Axle & Manufacturing Holdings, Inc.*

     634       $ 16,376   

Autoliv, Inc.(a)

     445         52,408   

BorgWarner, Inc.(a)

     1,113         67,314   

Cooper Tire & Rubber Co.(a)

     490         20,992   

Dana Holding Corp.(a)

     550         11,638   

Dorman Products, Inc.*(a)

     176         8,756   

Gentex Corp.(a)

     1,318         24,119   

Goodyear Tire & Rubber Co. (The)

     1,986         53,781   

Johnson Controls, Inc.

     2,212         111,573   

Lear Corp.

     468         51,864   

Modine Manufacturing Co.*(a)

     797         10,736   

Standard Motor Products, Inc.(a)

     232         9,804   

Superior Industries International, Inc.(a)

     393         7,439   

Tenneco, Inc.*

     471         27,045   

TRW Automotive Holdings Corp.*

     892         93,526   

Visteon Corp.*

     234         22,558   
     

 

 

 
Total Auto Components               589,929   
Automobiles – 0.9%      

Ford Motor Co.(a)

     41,486         669,584   

General Motors Co.

     5,034         188,775   

Harley-Davidson, Inc.(a)

     1,113         67,604   

Thor Industries, Inc.(a)

     264         16,687   

Winnebago Industries, Inc.(a)

     461         9,801   
     

 

 

 
Total Automobiles               952,451   
Banks – 8.8%      

1st Source Corp.(a)

     178         5,719   

Associated Banc-Corp.(a)

     870         16,182   

BancFirst Corp.(a)

     89         5,427   

BancorpSouth, Inc.(a)

     525         12,191   

Bank of America Corp.

     89,518         1,377,682   

Bank of Hawaii Corp.(a)

     265         16,221   

Bank of the Ozarks, Inc.(a)

     542         20,016   

BankUnited, Inc.

     471         15,421   

Banner Corp.

     139         6,380   

BB&T Corp.

     4,748         185,125   

BBCN Bancorp, Inc.

     956         13,833   

BOK Financial Corp.(a)

     440         26,937   

Boston Private Financial Holdings, Inc.

     934         11,348   

Camden National Corp.(a)

     139         5,538   

Cardinal Financial Corp.(a)

     635         12,687   

Cathay General Bancorp(a)

     483         13,741   

Central Pacific Financial Corp.(a)

     602         13,828   

Chemical Financial Corp.(a)

     171         5,363   

CIT Group, Inc.(a)

     1,728         77,967   

Citigroup, Inc.

     20,736         1,068,319   

City Holding Co.(a)

     138         6,490   

City National Corp.(a)

     281         25,032   

CoBiz Financial, Inc.(a)

     601         7,404   

Columbia Banking System, Inc.

     323         9,357   

Comerica, Inc.(a)

     1,183         53,389   

Commerce Bancshares, Inc.(a)

     547         23,149   

Community Bank System, Inc.(a)

     201         7,113   

 

See Notes to Financial Statements.

 

90   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Community Trust Bancorp, Inc.

     148       $ 4,908   

Cullen/Frost Bankers, Inc.(a)

     342         23,625   

Customers Bancorp, Inc.*(a)

     688         16,760   

CVB Financial Corp.(a)

     498         7,938   

East West Bancorp, Inc.

     878         35,524   

Fifth Third Bancorp(a)

     6,638         125,126   

First Citizens BancShares, Inc. Class A(a)

     54         14,023   

First Commonwealth Financial Corp.(a)

     1,459         13,131   

First Financial Bancorp(a)

     445         7,925   

First Financial Bankshares, Inc.(a)

     310         8,568   

First Horizon National Corp.(a)

     1,018         14,547   

First Interstate BancSystem, Inc.(a)

     768         21,366   

First Midwest Bancorp, Inc.

     783         13,601   

First Niagara Financial Group, Inc.(a)

     2,245         19,846   

First Republic Bank(a)

     783         44,701   

FirstMerit Corp.(a)

     816         15,553   

Flushing Financial Corp.(a)

     283         5,680   

FNB Corp.(a)

     457         6,005   

Fulton Financial Corp.

     1,336         16,486   

Glacier Bancorp, Inc.(a)

     313         7,872   

Great Southern Bancorp, Inc.(a)

     154         6,066   

Hancock Holding Co.(a)

     410         12,243   

Hanmi Financial Corp.(a)

     485         10,258   

Hilltop Holdings, Inc.*

     501         9,739   

Home BancShares, Inc.(a)

     290         9,828   

Huntington Bancshares, Inc.(a)

     6,461         71,394   

Iberiabank Corp.(a)

     145         9,139   

Independent Bank Corp.

     119         5,221   

International Bancshares Corp.

     552         14,369   

Investors Bancorp, Inc.(a)

     934         10,946   

JPMorgan Chase & Co.

     33,543         2,032,035   

KeyCorp

     6,223         88,118   

Lakeland Financial Corp.(a)

     173         7,020   

M&T Bank Corp.(a)

     757         96,139   

MB Financial, Inc.

     604         18,911   

National Penn Bancshares, Inc.

     546         5,880   

NBT Bancorp, Inc.(a)

     196         4,912   

OFG Bancorp(a)

     1,189         19,405   

Old National Bancorp

     559         7,932   

Opus Bank(a)

     387         11,951   

PacWest Bancorp(a)

     156         7,315   

Park National Corp.(a)

     87         7,444   

Pinnacle Financial Partners, Inc.(a)

     206         9,159   

PNC Financial Services Group, Inc. (The)

     4,064         378,927   

PrivateBancorp, Inc.(a)

     404         14,209   

Prosperity Bancshares, Inc.(a)

     339         17,791   

Regions Financial Corp.

     10,072         95,180   

Republic Bancorp, Inc. Class A(a)

     348         8,606   

S&T Bancorp, Inc.(a)

     147         4,172   

Seacoast Banking Corp. of Florida*(a)

     260         3,710   

Signature Bank*(a)

     206         26,694   

Simmons First National Corp. Class A(a)

     148         6,730   

South State Corp.(a)

     143         9,780   

Southside Bancshares, Inc.

     234         6,713   
     

Sterling Bancorp

     737       $ 9,883   

SunTrust Banks, Inc.(a)

     3,493         143,527   

Susquehanna Bancshares, Inc.

     939         12,874   

SVB Financial Group*

     260         33,030   

Synovus Financial Corp.(a)

     564         15,798   

TCF Financial Corp.

     809         12,718   

Texas Capital Bancshares, Inc.*(a)

     145         7,054   

Tompkins Financial Corp.(a)

     119         6,408   

Trustmark Corp.(a)

     452         10,975   

U.S. Bancorp

     12,035         525,568   

UMB Financial Corp.(a)

     197         10,419   

Umpqua Holdings Corp.

     544         9,346   

Union Bankshares Corp.(a)

     526         11,682   

United Bankshares, Inc.(a)

     202         7,591   

United Community Banks, Inc.

     926         17,483   

Valley National Bancorp(a)

     805         7,599   

Webster Financial Corp.(a)

     614         22,749   

Wells Fargo & Co.

     37,227         2,025,149   

WesBanco, Inc.

     178         5,799   

Westamerica Bancorp(a)

     115         4,969   

Western Alliance Bancorp*(a)

     353         10,463   

Wilshire Bancorp, Inc.(a)

     1,365         13,609   

Wintrust Financial Corp.(a)

     175         8,344   

Zions Bancorp(a)

     931         25,137   
     

 

 

 
Total Banks               9,471,154   
Beverages – 1.7%      

Boston Beer Co., Inc. (The) Class A*(a)

     30         8,022   

Brown-Forman Corp. Class B(a)

     705         63,697   

Coca-Cola Bottling Co. Consolidated(a)

     85         9,610   

Coca-Cola Co. (The)

     17,868         724,548   

Coca-Cola Enterprises, Inc.

     1,470         64,974   

Constellation Brands, Inc. Class A*

     874         101,568   

Dr. Pepper Snapple Group, Inc.

     888         69,690   

Molson Coors Brewing Co. Class B

     913         67,973   

Monster Beverage Corp.*

     401         55,496   

National Beverage Corp.*(a)

     268         6,542   

PepsiCo, Inc.

     6,649         635,777   
     

 

 

 
Total Beverages               1,807,897   
Biotechnology – 1.8%      

Acorda Therapeutics, Inc.*(a)

     230         7,654   

Alexion Pharmaceuticals, Inc.*

     263         45,578   

Amgen, Inc.

     2,799         447,420   

Biogen, Inc.*

     637         268,967   

Celgene Corp.*(a)

     1,432         165,081   

Emergent Biosolutions, Inc.*(a)

     179         5,148   

Gilead Sciences, Inc.*(a)

     8,256         810,161   

Medivation, Inc.*(a)

     68         8,777   

Myriad Genetics, Inc.*(a)

     554         19,612   

PDL BioPharma, Inc.(a)

     3,618         25,453   

Pharmacyclics, Inc.*(a)

     69         17,661   

Regeneron Pharmaceuticals, Inc.*(a)

     103         46,502   

United Therapeutics Corp.*(a)

     185         31,900   
     

 

 

 
Total Biotechnology               1,899,914   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      91   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Building Products – 0.2%      

A.O. Smith Corp.

     285       $ 18,713   

American Woodmark Corp.*

     115         6,294   

Armstrong World Industries, Inc.*(a)

     199         11,437   

Fortune Brands Home & Security, Inc.(a)

     459         21,793   

Lennox International, Inc.(a)

     175         19,546   

Masco Corp.(a)

     2,766         73,852   

Owens Corning(a)

     436         18,923   

Simpson Manufacturing Co., Inc.(a)

     174         6,502   

USG Corp.*(a)

     282         7,529   
     

 

 

 
Total Building Products               184,589   
Capital Markets – 2.9%      

Affiliated Managers Group, Inc.*

     169         36,298   

Ameriprise Financial, Inc.

     1,159         151,644   

Arlington Asset Investment Corp. Class A(a)

     181         4,355   

Bank of New York Mellon Corp. (The)(a)

     5,221         210,093   

BlackRock, Inc.(a)

     893         326,695   

Calamos Asset Management, Inc. Class A(a)

     465         6,254   

Charles Schwab Corp. (The)

     3,728         113,480   

Cohen & Steers, Inc.(a)

     122         4,996   

E*TRADE Financial Corp.*(a)

     884         25,243   

Eaton Vance Corp.(a)

     694         28,898   

Federated Investors, Inc. Class B(a)

     607         20,571   

Financial Engines, Inc.(a)

     226         9,454   

Franklin Resources, Inc.(a)

     3,724         191,116   

GAMCO Investors, Inc. Class A(a)

     169         13,268   

Goldman Sachs Group, Inc. (The)(a)

     3,919         736,654   

Greenhill & Co., Inc.(a)

     90         3,569   

HFF, Inc. Class A(a)

     268         10,061   

Interactive Brokers Group, Inc. Class A(a)

     339         11,533   

INTL FCStone, Inc.*(a)

     406         12,070   

Investment Technology Group, Inc.*

     515         15,610   

Janus Capital Group, Inc.(a)

     1,194         20,525   

Legg Mason, Inc.(a)

     516         28,483   

LPL Financial Holdings, Inc.(a)

     415         18,202   

Morgan Stanley

     13,950         497,875   

Northern Trust Corp.

     993         69,162   

Raymond James Financial, Inc.(a)

     650         36,907   

SEI Investments Co.(a)

     673         29,673   

State Street Corp.

     2,665         195,957   

Stifel Financial Corp.*

     317         17,673   

T. Rowe Price Group, Inc.(a)

     1,244         100,739   

TD Ameritrade Holding Corp.(a)

     1,967         73,290   

Virtus Investment Partners, Inc.(a)

     84         10,985   

Waddell & Reed Financial, Inc. Class A(a)

     612         30,318   

Walter Investment Management Corp.*(a)

     348         5,620   
     

 

 

 
Total Capital Markets               3,067,271   
Chemicals – 2.4%      

A. Schulman, Inc.(a)

     148         7,134   

Air Products & Chemicals, Inc.(a)

     852         128,891   

Airgas, Inc.(a)

     265         28,119   

Albemarle Corp.(a)

     600         31,704   

Axiall Corp.(a)

     283         13,284   
     

Balchem Corp.

     111       $ 6,147   

Cabot Corp.(a)

     421         18,945   

Calgon Carbon Corp.(a)

     542         11,420   

Celanese Corp. Series A(a)

     2,162         120,769   

CF Industries Holdings, Inc.

     366         103,827   

Chemtura Corp.*

     302         8,242   

Cytec Industries, Inc.

     290         15,672   

Dow Chemical Co. (The)(a)

     8,246         395,643   

E.I. du Pont de Nemours & Co.(a)

     4,106         293,456   

Eastman Chemical Co.(a)

     1,100         76,186   

Ecolab, Inc.(a)

     1,004         114,837   

Flotek Industries, Inc.*(a)

     552         8,136   

FMC Corp.(a)

     752         43,052   

H.B. Fuller Co.(a)

     211         9,046   

Huntsman Corp.(a)

     1,408         31,215   

Innophos Holdings, Inc.

     204         11,497   

Innospec, Inc.

     210         9,742   

International Flavors & Fragrances, Inc.(a)

     297         34,868   

Minerals Technologies, Inc.(a)

     166         12,135   

Monsanto Co.(a)

     2,104         236,784   

Mosaic Co. (The)(a)

     1,883         86,731   

NewMarket Corp.(a)

     63         30,101   

Olin Corp.(a)

     542         17,366   

OMNOVA Solutions, Inc.*

     609         5,195   

PolyOne Corp.

     370         13,819   

PPG Industries, Inc.

     521         117,506   

Praxair, Inc.(a)

     1,344         162,274   

Quaker Chemical Corp.

     85         7,279   

Rayonier Advanced Materials, Inc.(a)

     521         7,763   

RPM International, Inc.

     616         29,562   

Scotts Miracle-Gro Co. (The) Class A

     228         15,315   

Sensient Technologies Corp.

     236         16,256   

Sherwin-Williams Co. (The)(a)

     302         85,919   

Sigma-Aldrich Corp.

     363         50,185   

Stepan Co.

     174         7,249   

Valspar Corp. (The)(a)

     369         31,007   

W.R. Grace & Co.*(a)

     355         35,099   

Westlake Chemical Corp.(a)

     1,021         73,451   
     

 

 

 
Total Chemicals               2,562,828   
Commercial Services & Supplies – 0.5%      

ABM Industries, Inc.

     262         8,347   

ACCO Brands Corp.*

     1,396         11,601   

ADT Corp. (The)(a)

     1,002         41,603   

Brink’s Co. (The)(a)

     317         8,759   

Cintas Corp.(a)

     438         35,754   

Civeo Corp.(a)

     1,425         3,620   

Clean Harbors, Inc.*(a)

     175         9,937   

Copart, Inc.*

     518         19,461   

Covanta Holding Corp.(a)

     281         6,303   

Deluxe Corp.(a)

     402         27,851   

Ennis, Inc.

     352         4,970   

Herman Miller, Inc.

     266         7,384   

HNI Corp.(a)

     177         9,765   

KAR Auction Services, Inc.

     259         9,824   

 

See Notes to Financial Statements.

 

92   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Knoll, Inc.(a)

     352       $ 8,247   

Matthews International Corp. Class A(a)

     142         7,314   

McGrath RentCorp(a)

     92         3,028   

Mobile Mini, Inc.(a)

     171         7,292   

MSA Safety, Inc.(a)

     196         9,777   

Pitney Bowes, Inc.(a)

     1,398         32,601   

Republic Services, Inc.(a)

     1,763         71,507   

Rollins, Inc.(a)

     486         12,019   

Steelcase, Inc. Class A

     427         8,087   

Stericycle, Inc.*(a)

     198         27,805   

Tetra Tech, Inc.

     339         8,143   

UniFirst Corp.

     151         17,771   

United Stationers, Inc.(a)

     287         11,764   

Waste Connections, Inc.

     379         18,245   

Waste Management, Inc.

     954         51,735   

West Corp.

     503         16,966   
     

 

 

 
Total Commercial Services & Supplies               517,480   
Communications Equipment – 1.5%      

ADTRAN, Inc.(a)

     411         7,673   

Arista Networks, Inc.*(a)

     78         5,501   

ARRIS Group, Inc.*

     354         10,229   

Black Box Corp.

     143         2,993   

Brocade Communications Systems, Inc.

     1,966         23,327   

Cisco Systems, Inc.

     25,956         714,439   

CommScope Holding Co., Inc.*

     662         18,894   

Comtech Telecommunications Corp.

     139         4,024   

EchoStar Corp. Class A*

     99         5,120   

F5 Networks, Inc.*(a)

     229         26,321   

Finisar Corp.*

     464         9,902   

Harris Corp.

     661         52,060   

InterDigital, Inc.(a)

     151         7,662   

Juniper Networks, Inc.(a)

     1,160         26,193   

Motorola Solutions, Inc.

     977         65,137   

NETGEAR, Inc.*(a)

     146         4,800   

Plantronics, Inc.(a)

     209         11,067   

QUALCOMM, Inc.

     9,074         629,191   

Ubiquiti Networks, Inc.(a)

     528         15,602   
     

 

 

 
Total Communications Equipment               1,640,135   
Construction & Engineering – 0.2%      

AECOM*(a)

     951         29,310   

Aegion Corp.*

     408         7,364   

Comfort Systems USA, Inc.(a)

     376         7,911   

EMCOR Group, Inc.

     295         13,709   

Fluor Corp.

     949         54,245   

Jacobs Engineering Group, Inc.*(a)

     644         29,083   

MasTec, Inc.*

     724         13,973   

Primoris Services Corp.(a)

     264         4,538   

Quanta Services, Inc.*

     1,050         29,957   

Tutor Perini Corp.*(a)

     583         13,613   
     

 

 

 
Total Construction & Engineering               203,703   
Construction Materials – 0.0%      

Eagle Materials, Inc.(a)

     155         12,952   

Martin Marietta Materials, Inc.(a)

     64         8,947   
     

 

 

 
Total Construction Materials               21,899   
     
Consumer Finance – 1.3%      

Ally Financial, Inc.*(a)

     577       $ 12,105   

American Express Co.

     5,268         411,536   

Capital One Financial Corp.

     4,854         382,592   

Cash America International, Inc.(a)

     684         15,937   

Credit Acceptance Corp.*(a)

     173         33,735   

Discover Financial Services

     3,705         208,777   

Encore Capital Group, Inc.*(a)

     367         15,264   

EZCORP, Inc. Class A*(a)

     1,047         9,559   

First Cash Financial Services, Inc.*

     121         5,629   

Green Dot Corp. Class A*(a)

     406         6,464   

Navient Corp.(a)

     4,930         100,227   

Nelnet, Inc. Class A

     658         31,137   

PRA Group, Inc.*(a)

     236         12,819   

Regional Management Corp.*(a)

     402         5,934   

Santander Consumer USA Holdings, Inc.(a)

     2,937         67,962   

SLM Corp.(a)

     3,201         29,705   

Springleaf Holdings, Inc.*(a)

     150         7,765   

World Acceptance Corp.*(a)

     118         8,605   
     

 

 

 
Total Consumer Finance               1,365,752   
Containers & Packaging – 0.4%      

AptarGroup, Inc.(a)

     259         16,452   

Avery Dennison Corp.(a)

     432         22,857   

Ball Corp.

     751         53,051   

Bemis Co., Inc.

     482         22,321   

Crown Holdings, Inc.*

     897         48,456   

Graphic Packaging Holding Co.

     1,290         18,756   

Greif, Inc. Class A(a)

     317         12,448   

MeadWestvaco Corp.

     711         35,457   

Owens-Illinois, Inc.*(a)

     1,196         27,891   

Packaging Corp. of America(a)

     688         53,795   

Rock-Tenn Co. Class A

     690         44,505   

Sealed Air Corp.

     346         15,764   

Silgan Holdings, Inc.(a)

     315         18,311   

Sonoco Products Co.

     519         23,594   
     

 

 

 
Total Containers & Packaging               413,658   
Distributors – 0.1%      

Core-Mark Holding Co., Inc.

     178         11,449   

Genuine Parts Co.(a)

     669         62,344   

LKQ Corp.*(a)

     1,061         27,119   

Pool Corp.

     182         12,696   

VOXX International Corp.*(a)

     403         3,692   
     

 

 

 
Total Distributors               117,300   
Diversified Consumer Services – 0.2%      

Apollo Education Group, Inc.*(a)

     810         15,325   

Bridgepoint Education, Inc.*(a)

     833         8,038   

Capella Education Co.

     115         7,461   

DeVry Education Group, Inc.(a)

     500         16,680   

Graham Holdings Co. Class B

     33         34,638   

Grand Canyon Education, Inc.*(a)

     313         13,553   

H&R Block, Inc.

     1,452         46,566   

Service Corp. International(a)

     290         7,554   

Sotheby’s(a)

     268         11,326   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      93   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Strayer Education, Inc.*(a)

     178       $ 9,507   

Weight Watchers International, Inc.*(a)

     617         4,313   
     

 

 

 
Total Diversified Consumer Services               174,961   
Diversified Financial Services – 2.1%      

Berkshire Hathaway, Inc. Class B*

     11,182         1,613,786   

CBOE Holdings, Inc.

     299         17,164   

CME Group, Inc.(a)

     1,108         104,939   

Intercontinental Exchange, Inc.

     227         52,952   

Leucadia National Corp.(a)

     1,662         37,046   

MarketAxess Holdings, Inc.(a)

     122         10,114   

McGraw Hill Financial, Inc.(a)

     978         101,125   

Moody’s Corp.

     933         96,846   

MSCI, Inc.

     467         28,632   

NASDAQ OMX Group, Inc. (The)(a)

     894         45,540   

Voya Financial, Inc.

     3,352         144,505   
     

 

 

 
Total Diversified Financial Services               2,252,649   
Diversified Telecommunication Services – 2.2%      

AT&T, Inc.(a)

     33,319         1,087,865   

Atlantic Tele-Network, Inc.

     113         7,822   

CenturyLink, Inc.(a)

     1,850         63,918   

Frontier Communications Corp.(a)

     1,966         13,860   

Iridium Communications, Inc.*(a)

     1,133         11,002   

Level 3 Communications, Inc.*

     524         28,212   

Verizon Communications, Inc.

     23,446         1,140,179   

Windstream Holdings, Inc.(a)

     1,250         9,250   
     

 

 

 
Total Diversified Telecommunication Services               2,362,108   
Electric Utilities – 1.6%      

ALLETE, Inc.

     200         10,552   

American Electric Power Co., Inc.

     1,999         112,444   

Cleco Corp.(a)

     383         20,881   

Duke Energy Corp.

     3,377         259,286   

Edison International

     2,039         127,376   

El Paso Electric Co.

     233         9,003   

Empire District Electric Co. (The)

     299         7,421   

Entergy Corp.

     1,002         77,645   

Eversource Energy(a)

     1,820         91,947   

Exelon Corp.(a)

     5,530         185,863   

FirstEnergy Corp.(a)

     820         28,749   

Great Plains Energy, Inc.(a)

     870         23,212   

Hawaiian Electric Industries, Inc.

     372         11,949   

IDACORP, Inc.(a)

     231         14,523   

ITC Holdings Corp.(a)

     567         21,223   

MGE Energy, Inc.(a)

     213         9,440   

NextEra Energy, Inc.

     1,681         174,908   

OGE Energy Corp.(a)

     994         31,420   

Pepco Holdings, Inc.

     925         24,818   

Pinnacle West Capital Corp.(a)

     629         40,099   

PNM Resources, Inc.

     397         11,592   

Portland General Electric Co.(a)

     467         17,321   

PPL Corp.

     2,416         81,323   

Southern Co. (The)(a)

     3,787         167,688   

UIL Holdings Corp.(a)

     212         10,901   
     

Westar Energy, Inc.(a)

     775       $ 30,039   

Xcel Energy, Inc.(a)

     2,823         98,269   
     

 

 

 
Total Electric Utilities               1,699,892   
Electrical Equipment – 0.5%      

Acuity Brands, Inc.

     149         25,056   

AMETEK, Inc.(a)

     945         49,650   

AZZ, Inc.(a)

     114         5,311   

Babcock & Wilcox Co. (The)(a)

     761         24,421   

Emerson Electric Co.(a)

     4,301         243,523   

EnerSys(a)

     298         19,144   

Franklin Electric Co., Inc.(a)

     180         6,865   

Generac Holdings, Inc.*(a)

     444         21,618   

Global Power Equipment Group, Inc.(a)

     174         2,297   

Hubbell, Inc. Class B

     284         31,132   

Polypore International, Inc.*(a)

     118         6,950   

Powell Industries, Inc.(a)

     92         3,107   

Regal-Beloit Corp.

     236         18,861   

Rockwell Automation, Inc.(a)

     660         76,553   
     

 

 

 
Total Electrical Equipment               534,488   
Electronic Equipment, Instruments & Components – 0.7%      

Amphenol Corp. Class A(a)

     1,280         75,430   

Anixter International, Inc.*

     199         15,150   

Arrow Electronics, Inc.*(a)

     676         41,337   

Avnet, Inc.(a)

     1,054         46,903   

AVX Corp.

     1,028         14,670   

Belden, Inc.

     197         18,431   

Benchmark Electronics, Inc.*

     609         14,634   

CDW Corp.(a)

     525         19,551   

Cognex Corp.*

     256         12,695   

Coherent, Inc.*

     112         7,276   

Corning, Inc.

     6,748         153,045   

Dolby Laboratories, Inc. Class A

     660         25,186   

FEI Co.(a)

     150         11,451   

FLIR Systems, Inc.

     667         20,864   

II-VI, Inc.*(a)

     693         12,793   

Ingram Micro, Inc. Class A*(a)

     1,144         28,737   

Insight Enterprises, Inc.*

     600         17,112   

IPG Photonics Corp.*(a)

     209         19,374   

Jabil Circuit, Inc.(a)

     623         14,566   

Littelfuse, Inc.

     151         15,008   

Methode Electronics, Inc.

     283         13,312   

MTS Systems Corp.(a)

     171         12,936   

National Instruments Corp.(a)

     317         10,157   

OSI Systems, Inc.*

     63         4,678   

PC Connection, Inc.(a)

     465         12,132   

Plexus Corp.*(a)

     352         14,351   

Rofin-Sinar Technologies, Inc.*(a)

     232         5,621   

Rogers Corp.*

     115         9,454   

Sanmina Corp.*(a)

     550         13,304   

ScanSource, Inc.*(a)

     258         10,488   

SYNNEX Corp.(a)

     289         22,325   

Tech Data Corp.*(a)

     319         18,429   

Trimble Navigation Ltd.*(a)

     704         17,741   

 

See Notes to Financial Statements.

 

94   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Universal Display Corp.*(a)

     319       $ 14,913   

Vishay Intertechnology, Inc.(a)

     1,334         18,436   

Zebra Technologies Corp. Class A*(a)

     254         23,042   
     

 

 

 
Total Electronic Equipment, Instruments & Components         805,532   
Energy Equipment & Services – 1.1%      

Atwood Oceanics, Inc.(a)

     1,174         33,001   

Baker Hughes, Inc.

     2,296         145,980   

Bristow Group, Inc.(a)

     208         11,326   

C&J Energy Services Ltd.*(a)

     888         9,883   

Cameron International Corp.*

     1,620         73,094   

CARBO Ceramics, Inc.(a)

     237         7,231   

Diamond Offshore Drilling, Inc.(a)

     968         25,933   

Dresser-Rand Group, Inc.*(a)

     180         14,463   

Dril-Quip, Inc.*

     286         19,559   

Era Group, Inc.*

     194         4,043   

FMC Technologies, Inc.*(a)

     1,364         50,482   

Forum Energy Technologies, Inc.*

     489         9,584   

Gulfmark Offshore, Inc. Class A(a)

     369         4,812   

Halliburton Co.

     7,595         333,269   

Helix Energy Solutions Group, Inc.*(a)

     729         10,906   

Helmerich & Payne, Inc.(a)

     923         62,829   

Hornbeck Offshore Services, Inc.*(a)

     442         8,314   

National Oilwell Varco, Inc.(a)

     3,581         179,014   

Newpark Resources, Inc.*(a)

     1,076         9,802   

Oceaneering International, Inc.(a)

     569         30,686   

Oil States International, Inc.*(a)

     378         15,033   

Patterson-UTI Energy, Inc.(a)

     965         18,118   

RPC, Inc.(a)

     1,754         22,469   

Tidewater, Inc.(a)

     650         12,441   

U.S. Silica Holdings, Inc.(a)

     445         15,846   

Unit Corp.*(a)

     421         11,780   
     

 

 

 
Total Energy Equipment & Services               1,139,898   
Food & Staples Retailing – 2.5%      

Andersons, Inc. (The)

     207         8,564   

Casey’s General Stores, Inc.(a)

     152         13,695   

Costco Wholesale Corp.(a)

     1,344         203,609   

CVS Health Corp.

     4,585         473,218   

Fresh Market, Inc. (The)*(a)

     80         3,251   

Ingles Markets, Inc. Class A(a)

     256         12,667   

Kroger Co. (The)

     2,305         176,701   

PriceSmart, Inc.(a)

     110         9,348   

Rite Aid Corp.*

     4,173         36,263   

SpartanNash Co.

     111         3,503   

Sprouts Farmers Market, Inc.*(a)

     229         8,068   

SUPERVALU, Inc.*(a)

     1,480         17,212   

Sysco Corp.(a)

     2,191         82,666   

United Natural Foods, Inc.*(a)

     201         15,485   

Wal-Mart Stores, Inc.

     17,028         1,400,553   

Walgreens Boots Alliance, Inc.

     2,383         201,793   

Weis Markets, Inc.

     114         5,673   

Whole Foods Market, Inc.

     994         51,768   
     

 

 

 
Total Food & Staples Retailing               2,724,037   
     
Food Products – 1.6%      

Archer-Daniels-Midland Co.

     3,383       $ 160,354   

B&G Foods, Inc.(a)

     150         4,415   

Cal-Maine Foods, Inc.(a)

     340         13,280   

Campbell Soup Co.(a)

     1,547         72,013   

ConAgra Foods, Inc.(a)

     1,895         69,224   

Darling Ingredients, Inc.*

     674         9,443   

Flowers Foods, Inc.(a)

     702         15,963   

General Mills, Inc.(a)

     2,862         161,989   

Hain Celestial Group, Inc. (The)*(a)

     188         12,041   

Hershey Co. (The)

     801         80,829   

Hormel Foods Corp.(a)

     1,126         64,013   

Ingredion, Inc.(a)

     486         37,821   

J&J Snack Foods Corp.

     61         6,509   

J.M. Smucker Co. (The)(a)

     441         51,037   

Kellogg Co.(a)

     1,531         100,969   

Keurig Green Mountain, Inc.(a)

     423         47,262   

Kraft Foods Group, Inc.(a)

     3,665         319,277   

Lancaster Colony Corp.

     149         14,180   

Landec Corp.*

     404         5,636   

McCormick & Co., Inc. Non-Voting Shares(a)

     468         36,088   

Mead Johnson Nutrition Co.(a)

     641         64,440   

Mondelez International, Inc. Class A(a)

     4,785         172,691   

Pilgrim’s Pride Corp.(a)

     2,170         49,020   

Pinnacle Foods, Inc.

     411         16,773   

Sanderson Farms, Inc.(a)

     139         11,071   

Seaboard Corp.*

     6         24,792   

Seneca Foods Corp. Class A*(a)

     123         3,667   

Snyder’s-Lance, Inc.(a)

     202         6,456   

Tootsie Roll Industries, Inc.(a)

     174         5,904   

TreeHouse Foods, Inc.*(a)

     121         10,287   

Tyson Foods, Inc. Class A(a)

     1,905         72,962   

WhiteWave Foods Co. (The)*(a)

     266         11,794   
     

 

 

 
Total Food Products               1,732,200   
Gas Utilities – 0.2%      

AGL Resources, Inc.

     774         38,429   

Atmos Energy Corp.

     487         26,931   

Laclede Group, Inc. (The)(a)

     114         5,839   

National Fuel Gas Co.(a)

     424         25,580   

New Jersey Resources Corp.(a)

     300         9,318   

Northwest Natural Gas Co.(a)

     122         5,850   

ONE Gas, Inc.(a)

     209         9,035   

Piedmont Natural Gas Co., Inc.

     285         10,519   

Questar Corp.(a)

     807         19,255   

South Jersey Industries, Inc.(a)

     170         9,228   

Southwest Gas Corp.

     225         13,088   

UGI Corp.

     752         24,508   

WGL Holdings, Inc.(a)

     237         13,367   
     

 

 

 
Total Gas Utilities               210,947   
Health Care Equipment & Supplies – 1.1%      

Abbott Laboratories(a)

     3,710         171,884   

Align Technology, Inc.*(a)

     191         10,273   

Baxter International, Inc.

     2,366         162,071   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      95   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Becton, Dickinson and Co.(a)

     841       $ 120,759   

Boston Scientific Corp.*(a)

     3,213         57,031   

C.R. Bard, Inc.

     273         45,687   

CONMED Corp.(a)

     174         8,785   

Cooper Cos., Inc. (The)

     166         31,112   

Cyberonics, Inc.*(a)

     123         7,985   

DENTSPLY International, Inc.(a)

     580         29,516   

Edwards Lifesciences Corp.*(a)

     277         39,461   

Globus Medical, Inc. Class A*

     296         7,471   

Greatbatch, Inc.*

     145         8,388   

Haemonetics Corp.*(a)

     170         7,636   

Hill-Rom Holdings, Inc.

     262         12,838   

IDEXX Laboratories, Inc.*(a)

     149         23,018   

Intuitive Surgical, Inc.*

     123         62,119   

Masimo Corp.*

     227         7,486   

ResMed, Inc.(a)

     605         43,427   

Sirona Dental Systems, Inc.*(a)

     152         13,678   

St. Jude Medical, Inc.(a)

     1,253         81,946   

STERIS Corp.(a)

     250         17,568   

Stryker Corp.(a)

     635         58,579   

Teleflex, Inc.(a)

     151         18,245   

Thoratec Corp.*(a)

     121         5,069   

Varian Medical Systems, Inc.*(a)

     428         40,271   

West Pharmaceutical Services, Inc.(a)

     284         17,100   

Zimmer Holdings, Inc.(a)

     635         74,625   
     

 

 

 
Total Health Care Equipment & Supplies               1,184,028   
Health Care Providers & Services – 2.5%      

Aetna, Inc.

     2,089         222,541   

Air Methods Corp.*(a)

     165         7,687   

AmerisourceBergen Corp.

     266         30,236   

Amsurg Corp.*(a)

     197         12,119   

Anthem, Inc.(a)

     1,767         272,842   

Cardinal Health, Inc.(a)

     1,240         111,935   

Centene Corp.*(a)

     370         26,155   

Chemed Corp.(a)

     143         17,074   

Cigna Corp.

     1,689         218,624   

Community Health Systems, Inc.*(a)

     198         10,351   

DaVita HealthCare Partners, Inc.*

     875         71,120   

Ensign Group, Inc. (The)

     197         9,231   

Express Scripts Holding Co.*(a)

     2,144         186,035   

Five Star Quality Care, Inc.*

     1,982         8,800   

Hanger, Inc.*(a)

     178         4,039   

HCA Holdings, Inc.*

     2,174         163,550   

Health Net, Inc.*

     252         15,244   

HealthSouth Corp.(a)

     630         27,947   

Henry Schein, Inc.*(a)

     329         45,935   

Humana, Inc.(a)

     618         110,016   

Laboratory Corp. of America Holdings*(a)

     434         54,723   

Landauer, Inc.(a)

     31         1,089   

LifePoint Hospitals, Inc.*

     228         16,747   

Magellan Health, Inc.*

     179         12,677   

McKesson Corp.(a)

     689         155,852   

MEDNAX, Inc.*(a)

     422         30,599   

National Healthcare Corp.(a)

     58         3,695   
     

Omnicare, Inc.(a)

     263       $ 20,267   

Owens & Minor, Inc.(a)

     264         8,934   

Patterson Cos., Inc.(a)

     469         22,883   

Quest Diagnostics, Inc.(a)

     643         49,415   

Select Medical Holdings Corp.(a)

     993         14,726   

Team Health Holdings, Inc.*

     204         11,936   

Triple-S Management Corp. Class B*(a)

     257         5,109   

UnitedHealth Group, Inc.

     4,968         587,665   

Universal Health Services, Inc. Class B

     439         51,675   

VCA, Inc.*

     346         18,968   

WellCare Health Plans, Inc.*(a)

     202         18,475   
     

 

 

 
Total Health Care Providers & Services               2,656,916   
Health Care Technology – 0.1%      

Cerner Corp.*(a)

     716         52,454   

Medidata Solutions, Inc.*(a)

     178         8,729   
     

 

 

 
Total Health Care Technology               61,183   
Hotels, Restaurants & Leisure – 1.7%      

Aramark

     240         7,591   

Bloomin’ Brands, Inc.

     740         18,004   

Bob Evans Farms, Inc.(a)

     208         9,622   

Bravo Brio Restaurant Group, Inc.*

     961         14,117   

Brinker International, Inc.(a)

     319         19,638   

Buffalo Wild Wings, Inc.*(a)

     56         10,149   

Cheesecake Factory, Inc. (The)(a)

     148         7,301   

Chipotle Mexican Grill, Inc.*(a)

     64         41,635   

Choice Hotels International, Inc.

     233         14,928   

Churchill Downs, Inc.

     65         7,473   

Cracker Barrel Old Country Store, Inc.(a)

     201         30,580   

Darden Restaurants, Inc.(a)

     191         13,244   

DineEquity, Inc.

     86         9,203   

Domino’s Pizza, Inc.(a)

     183         18,401   

Dunkin’ Brands Group, Inc.(a)

     204         9,702   

Hilton Worldwide Holdings, Inc.*

     1,532         45,378   

Hyatt Hotels Corp. Class A*(a)

     254         15,042   

International Game Technology

     1,432         24,931   

International Speedway Corp. Class A(a)

     258         8,413   

Interval Leisure Group, Inc.

     407         10,667   

Jack in the Box, Inc.

     179         17,170   

Krispy Kreme Doughnuts, Inc.*(a)

     602         12,034   

Las Vegas Sands Corp.(a)

     4,371         240,580   

Life Time Fitness, Inc.*

     170         12,063   

Marriott International, Inc. Class A(a)

     1,008         80,962   

McDonald’s Corp.

     5,033         490,415   

MGM Resorts International*(a)

     759         15,962   

Panera Bread Co. Class A*(a)

     86         13,760   

Papa John’s International, Inc.

     321         19,841   

SeaWorld Entertainment, Inc.

     368         7,095   

Six Flags Entertainment Corp.(a)

     339         16,411   

Sonic Corp.

     343         10,873   

Speedway Motorsports, Inc.(a)

     145         3,299   

Starbucks Corp.

     2,169         205,404   

Starwood Hotels & Resorts Worldwide, Inc.(a)

     688         57,448   

Texas Roadhouse, Inc.(a)

     255         9,290   

 

See Notes to Financial Statements.

 

96   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents
     

 

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Vail Resorts, Inc.

     52       $ 5,378   

Wyndham Worldwide Corp.(a)

     606         54,825   

Wynn Resorts Ltd.(a)

     494         62,185   

Yum! Brands, Inc.

     1,872         147,364   
     

 

 

 
Total Hotels, Restaurants & Leisure               1,818,378   
Household Durables – 0.7%      

D.R. Horton, Inc.(a)

     1,960         55,821   

Ethan Allen Interiors, Inc.(a)

     174         4,809   

Harman International Industries, Inc.(a)

     223         29,800   

iRobot Corp.*(a)

     172         5,612   

Jarden Corp.*(a)

     479         25,339   

KB Home(a)

     569         8,888   

La-Z-Boy, Inc.(a)

     284         7,983   

Leggett & Platt, Inc.(a)

     382         17,606   

Lennar Corp. Class A(a)

     1,075         55,696   

M/I Homes, Inc.*(a)

     582         13,875   

MDC Holdings, Inc.(a)

     757         21,575   

Meritage Homes Corp.*(a)

     363         17,656   

Mohawk Industries, Inc.*

     310         57,583   

NACCO Industries, Inc. Class A

     85         4,504   

Newell Rubbermaid, Inc.(a)

     1,205         47,079   

NVR, Inc.*

     23         30,559   

PulteGroup, Inc.(a)

     2,881         64,045   

Ryland Group, Inc. (The)(a)

     580         28,269   

Standard Pacific Corp.*(a)

     3,352         30,168   

Taylor Morrison Home Corp. Class A*(a)

     1,052         21,934   

Tempur Sealy International, Inc.*(a)

     176         10,162   

Toll Brothers, Inc.*(a)

     1,132         44,533   

Tupperware Brands Corp.(a)

     316         21,810   

WCI Communities, Inc.*(a)

     712         17,053   

Whirlpool Corp.(a)

     385         77,793   

William Lyon Homes Class A*(a)

     935         24,142   
     

 

 

 
Total Household Durables               744,294   
Household Products – 1.3%      

Church & Dwight Co., Inc.(a)

     462         39,464   

Clorox Co. (The)(a)

     477         52,656   

Colgate-Palmolive Co.

     2,898         200,947   

Energizer Holdings, Inc.

     265         36,583   

Kimberly-Clark Corp.

     1,669         178,767   

Procter & Gamble Co. (The)

     11,094         909,042   

Spectrum Brands Holdings, Inc.(a)

     140         12,539   

WD-40 Co.(a)

     80         7,083   
     

 

 

 
Total Household Products               1,437,081   
Independent Power and Renewable Electricity Producers – 0.1%   

AES Corp.(a)

     4,329         55,628   
Industrial Conglomerates – 2.2%      

3M Co.(a)

     2,936         484,293   

Carlisle Cos., Inc.

     318         29,456   

Danaher Corp.(a)

     2,802         237,890   

General Electric Co.(a)

     64,172         1,592,107   

Raven Industries, Inc.(a)

     114         2,333   

Roper Industries, Inc.(a)

     326         56,072   
     

 

 

 
Total Industrial Conglomerates               2,402,151   
     
Insurance – 3.8%      

Aflac, Inc.

     4,577       $ 292,974   

Alleghany Corp.*(a)

     113         55,031   

Allstate Corp. (The)

     3,355         238,775   

Ambac Financial Group, Inc.*(a)

     261         6,316   

American Equity Investment Life Holding Co.

     643         18,731   

American Financial Group, Inc.(a)

     571         36,630   

American International Group, Inc.

     11,528         631,619   

American National Insurance Co.

     177         17,415   

AMERISAFE, Inc.

     204         9,435   

AmTrust Financial Services, Inc.(a)

     607         34,590   

Arthur J. Gallagher & Co.(a)

     500         23,375   

Assurant, Inc.

     668         41,022   

Brown & Brown, Inc.(a)

     627         20,760   

Chubb Corp. (The)

     1,618         163,580   

Cincinnati Financial Corp.(a)

     959         51,095   

CNA Financial Corp.(a)

     2,078         86,092   

CNO Financial Group, Inc.

     1,765         30,393   

Employers Holdings, Inc.

     417         11,255   

FBL Financial Group, Inc. Class A

     317         19,657   

Fidelity & Guaranty Life

     605         12,826   

First American Financial Corp.(a)

     759         27,081   

Genworth Financial, Inc. Class A*(a)

     3,126         22,851   

Hanover Insurance Group, Inc. (The)(a)

     289         20,976   

Hartford Financial Services Group, Inc. (The)

     2,998         125,376   

HCC Insurance Holdings, Inc.

     670         37,969   

Horace Mann Educators Corp.

     513         17,545   

Infinity Property & Casualty Corp.

     112         9,190   

Kemper Corp.(a)

     237         9,233   

Lincoln National Corp.(a)

     2,290         131,583   

Loews Corp.(a)

     2,040         83,293   

Markel Corp.*(a)

     33         25,376   

Marsh & McLennan Cos., Inc.

     2,345         131,531   

MBIA, Inc.*(a)

     6,193         57,595   

Mercury General Corp.(a)

     232         13,398   

MetLife, Inc.

     9,371         473,704   

National Western Life Insurance Co. Class A(a)

     36         9,155   

Navigators Group, Inc. (The)*(a)

     65         5,060   

Old Republic International Corp.(a)

     1,691         25,264   

Primerica, Inc.(a)

     498         25,348   

Principal Financial Group, Inc.(a)

     1,839         94,469   

ProAssurance Corp.(a)

     430         19,741   

Progressive Corp. (The)(a)

     3,307         89,950   

Prudential Financial, Inc.(a)

     1,756         141,024   

Reinsurance Group of America, Inc.(a)

     565         52,652   

RLI Corp.(a)

     324         16,981   

Safety Insurance Group, Inc.(a)

     139         8,305   

Selective Insurance Group, Inc.

     349         10,138   

StanCorp Financial Group, Inc.(a)

     383         26,274   

State Auto Financial Corp.(a)

     372         9,036   

Stewart Information Services Corp.

     281         11,420   

Symetra Financial Corp.

     1,031         24,187   

Torchmark Corp.(a)

     893         49,044   

Travelers Cos., Inc. (The)(a)

     3,202         346,232   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      97   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

United Fire Group, Inc.(a)

     206       $ 6,545   

Universal Insurance Holdings, Inc.(a)

     413         10,569   

Unum Group(a)

     2,435         82,133   

W.R. Berkley Corp.(a)

     803         40,559   
     

 

 

 
Total Insurance               4,092,358   
Internet & Catalog Retail – 0.4%      

Expedia, Inc.(a)

     467         43,959   

HSN, Inc.(a)

     143         9,757   

Liberty Interactive Corp. Class A*

     1,532         44,719   

Netflix, Inc.*(a)

     58         24,168   

PetMed Express, Inc.(a)

     812         13,414   

Priceline Group Inc. (The)*(a)

     194         225,845   

TripAdvisor, Inc.*(a)

     255         21,208   
     

 

 

 
Total Internet & Catalog Retail               383,070   
Internet Software & Services – 1.7%      

Akamai Technologies, Inc.*(a)

     473         33,604   

AOL, Inc.*

     219         8,675   

Blucora, Inc.*(a)

     544         7,431   

Equinix, Inc.(a)

     28         6,520   

Facebook, Inc. Class A*

     3,239         266,294   

Google, Inc. Class A*

     2,364         1,311,311   

IAC/InterActiveCorp

     386         26,043   

j2 Global, Inc.(a)

     324         21,280   

Liquidity Services, Inc.*(a)

     107         1,057   

Rackspace Hosting, Inc.*(a)

     206         10,628   

Stamps.com, Inc.*

     144         9,690   

VeriSign, Inc.*(a)

     885         59,268   

Yahoo!, Inc.*(a)

     1,785         79,317   
     

 

 

 
Total Internet Software & Services               1,841,118   
IT Services – 3.5%      

Alliance Data Systems Corp.*(a)

     207         61,324   

Automatic Data Processing, Inc.

     1,570         134,455   

Booz Allen Hamilton Holding Corp.

     944         27,319   

Broadridge Financial Solutions, Inc.

     577         31,741   

CACI International, Inc. Class A*

     226         20,322   

Cardtronics, Inc.*(a)

     173         6,505   

Cognizant Technology Solutions Corp. Class A*

     2,479         154,665   

Computer Sciences Corp.(a)

     1,052         68,675   

Convergys Corp.(a)

     516         11,801   

CoreLogic, Inc.*(a)

     376         13,261   

CSG Systems International, Inc.(a)

     289         8,783   

DST Systems, Inc.

     288         31,884   

EPAM Systems, Inc.*

     210         12,871   

Euronet Worldwide, Inc.*(a)

     141         8,284   

Fidelity National Information Services, Inc.(a)

     862         58,668   

Fiserv, Inc.*(a)

     925         73,445   

FleetCor Technologies, Inc.*(a)

     230         34,712   

Gartner, Inc.*(a)

     264         22,136   

Global Payments, Inc.

     324         29,704   

Heartland Payment Systems, Inc.(a)

     172         8,058   

Higher One Holdings, Inc.*(a)

     1,221         2,955   

iGATE Corp.*(a)

     342         14,590   

International Business Machines Corp.(a)

     9,924         1,592,802   
     

Jack Henry & Associates, Inc.(a)

     372       $ 25,999   

ManTech International Corp. Class A(a)

     268         9,096   

MasterCard, Inc. Class A(a)

     3,773         325,949   

MAXIMUS, Inc.

     212         14,153   

MoneyGram International, Inc.*(a)

     671         5,797   

NeuStar, Inc. Class A*(a)

     598         14,723   

Paychex, Inc.

     1,101         54,626   

Science Applications International Corp.

     263         13,505   

Sykes Enterprises, Inc.*

     457         11,356   

Syntel, Inc.*(a)

     468         24,210   

TeleTech Holdings, Inc.(a)

     498         12,674   

Teradata Corp.*(a)

     722         31,869   

Total System Services, Inc.

     760         28,994   

Unisys Corp.*

     628         14,576   

Vantiv, Inc. Class A*(a)

     166         6,258   

Visa, Inc. Class A(a)

     8,124         531,391   

Western Union Co. (The)(a)

     4,333         90,170   

WEX, Inc.*(a)

     139         14,923   

Xerox Corp.(a)

     7,947         102,119   
     

 

 

 
Total IT Services               3,761,348   
Leisure Products – 0.2%      

Brunswick Corp.(a)

     1,329         68,377   

Hasbro, Inc.(a)

     669         42,308   

LeapFrog Enterprises, Inc.*(a)

     2,046         4,460   

Mattel, Inc.(a)

     2,131         48,693   

Polaris Industries, Inc.(a)

     258         36,404   

Smith & Wesson Holding Corp.*(a)

     956         12,170   

Sturm Ruger & Co., Inc.(a)

     294         14,591   

Vista Outdoor, Inc.*

     682         29,203   
     

 

 

 
Total Leisure Products               256,206   
Life Sciences Tools & Services – 0.3%      

Agilent Technologies, Inc.

     1,160         48,198   

Bio-Rad Laboratories, Inc. Class A*(a)

     121         16,357   

Bio-Techne Corp.

     142         14,241   

Bruker Corp.*(a)

     523         9,660   

Charles River Laboratories International, Inc.*

     176         13,955   

Illumina, Inc.*(a)

     148         27,475   

Mettler-Toledo International, Inc.*

     90         29,578   

PAREXEL International Corp.*(a)

     228         15,730   

PerkinElmer, Inc.(a)

     314         16,058   

Quintiles Transnational Holdings, Inc.*(a)

     405         27,123   

Thermo Fisher Scientific, Inc.

     815         109,487   

Waters Corp.*(a)

     398         49,479   
     

 

 

 
Total Life Sciences Tools & Services               377,341   
Machinery – 2.2%      

Actuant Corp. Class A

     609         14,458   

AGCO Corp.(a)

     1,070         50,975   

Allison Transmission Holdings, Inc.

     538         17,184   

American Railcar Industries, Inc.(a)

     109         5,421   

Astec Industries, Inc.(a)

     150         6,432   

Barnes Group, Inc.

     289         11,702   

Blount International, Inc.*(a)

     439         5,654   

Briggs & Stratton Corp.(a)

     621         12,755   

 

See Notes to Financial Statements.

 

98   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Caterpillar, Inc.(a)

     4,229       $ 338,447   

Chart Industries, Inc.*

     203         7,120   

CLARCOR, Inc.(a)

     201         13,278   

Colfax Corp.*(a)

     643         30,690   

Crane Co.

     313         19,534   

Cummins, Inc.(a)

     989         137,115   

Deere & Co.(a)

     3,363         294,901   

Donaldson Co., Inc.(a)

     580         21,872   

Dover Corp.(a)

     1,064         73,544   

EnPro Industries, Inc.(a)

     149         9,827   

ESCO Technologies, Inc.(a)

     266         10,369   

Federal Signal Corp.

     384         6,063   

Flowserve Corp.(a)

     776         43,836   

Graco, Inc.(a)

     260         18,762   

Greenbrier Cos., Inc. (The)(a)

     209         12,122   

Hillenbrand, Inc.

     400         12,348   

IDEX Corp.(a)

     345         26,161   

Illinois Tool Works, Inc.(a)

     1,868         181,458   

ITT Corp.

     356         14,208   

John Bean Technologies Corp.

     171         6,108   

Joy Global, Inc.(a)

     763         29,894   

Kennametal, Inc.(a)

     514         17,317   

Lincoln Electric Holdings, Inc.(a)

     415         27,137   

Lindsay Corp.(a)

     52         3,965   

Manitowoc Co., Inc. (The)(a)

     742         15,998   

Meritor, Inc.*(a)

     808         10,189   

Middleby Corp. (The)*(a)

     237         24,328   

Mueller Industries, Inc.

     384         13,874   

Nordson Corp.(a)

     291         22,797   

Oshkosh Corp.(a)

     618         30,152   

PACCAR, Inc.(a)

     1,826         115,294   

Pall Corp.(a)

     402         40,357   

Parker-Hannifin Corp.

     757         89,916   

RBC Bearings, Inc.(a)

     96         7,348   

Rexnord Corp.*(a)

     215         5,738   

Snap-on, Inc.

     321         47,206   

SPX Corp.

     203         17,235   

Standex International Corp.

     81         6,653   

Stanley Black & Decker, Inc.

     640         61,030   

Terex Corp.(a)

     979         26,032   

Timken Co. (The)

     582         24,525   

Toro Co. (The)

     292         20,475   

TriMas Corp.*

     203         6,250   

Trinity Industries, Inc.(a)

     1,682         59,728   

Valmont Industries, Inc.(a)

     139         17,080   

Wabash National Corp.*(a)

     815         11,492   

WABCO Holdings, Inc.*

     596         73,236   

Wabtec Corp.

     328         31,163   

Watts Water Technologies, Inc. Class A(a)

     203         11,171   

Woodward, Inc.(a)

     254         12,957   

Xylem, Inc.

     724         25,354   
     

 

 

 
Total Machinery               2,308,235   
     
Marine – 0.0%      

Kirby Corp.*

     260       $ 19,513   

Matson, Inc.(a)

     91         3,837   
     

 

 

 
Total Marine               23,350   
Media – 3.5%      

AMC Entertainment Holdings, Inc. Class A

     1,210         42,943   

AMC Networks, Inc. Class A*(a)

     265         20,310   

Cablevision Systems Corp. Class A(a)

     582         10,651   

CBS Corp. Class B Non-Voting Shares(a)

     2,440         147,937   

Cinemark Holdings, Inc.

     496         22,355   

Comcast Corp. Class A(a)

     11,520         650,534   

Crown Media Holdings, Inc. Class A*

     3,537         14,148   

DIRECTV*

     3,057         260,151   

Discovery Communications, Inc. Class A*(a)

     2,170         66,749   

DISH Network Corp. Class A*

     1,029         72,092   

Entercom Communications Corp. Class A*(a)

     788         9,574   

Entravision Communications Corp. Class A(a)

     2,492         15,774   

Gannett Co., Inc.(a)

     1,293         47,944   

Harte-Hanks, Inc.

     1,130         8,814   

Interpublic Group of Cos., Inc. (The)(a)

     1,921         42,493   

John Wiley & Sons, Inc. Class A

     385         23,539   

Liberty Media Corp. Class A*(a)

     1,688         65,072   

Loral Space & Communications, Inc.*(a)

     112         7,665   

Madison Square Garden Co. (The) Class A*(a)

     186         15,745   

Meredith Corp.(a)

     318         17,735   

Morningstar, Inc.

     118         8,839   

National CineMedia, Inc.

     444         6,704   

New York Times Co. (The) Class A(a)

     497         6,839   

News Corp. Class A*(a)

     1,929         30,883   

Nexstar Broadcasting Group, Inc. Class A(a)

     219         12,531   

Omnicom Group, Inc.(a)

     1,271         99,113   

Regal Entertainment Group Class A(a)

     459         10,484   

Scholastic Corp.(a)

     265         10,849   

Scripps Networks Interactive, Inc. Class A(a)

     692         47,443   

Sinclair Broadcast Group, Inc. Class A(a)

     458         14,386   

Sirius XM Holdings, Inc.*(a)

     9,966         38,070   

Starz Class A*(a)

     879         30,246   

Time Warner Cable, Inc.

     1,277         191,397   

Time Warner, Inc.

     4,274         360,897   

Time, Inc.(a)

     413         9,268   

Twenty-First Century Fox, Inc. Class A(a)

     10,063         340,532   

Viacom, Inc. Class B(a)

     2,884         196,977   

Walt Disney Co. (The)(a)

     7,480         784,577   
     

 

 

 
Total Media               3,762,260   
Metals & Mining – 0.4%      

Carpenter Technology Corp.(a)

     260         10,109   

Commercial Metals Co.(a)

     921         14,911   

Compass Minerals International, Inc.(a)

     138         12,863   

Freeport-McMoRan, Inc.(a)

     9,064         171,763   

Gold Resource Corp.(a)

     1,655         5,279   

Haynes International, Inc.(a)

     79         3,524   

Kaiser Aluminum Corp.(a)

     93         7,151   

Materion Corp.

     147         5,649   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      99   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Nucor Corp.(a)

     1,078       $ 51,237   

Reliance Steel & Aluminum Co.(a)

     576         35,182   

Royal Gold, Inc.(a)

     98         6,185   

Steel Dynamics, Inc.(a)

     1,061         21,326   

SunCoke Energy, Inc.(a)

     375         5,603   

TimkenSteel Corp.(a)

     388         10,270   

United States Steel Corp.(a)

     963         23,497   

Worthington Industries, Inc.(a)

     455         12,108   
     

 

 

 
Total Metals & Mining               396,657   
Multi-Utilities – 1.0%      

Alliant Energy Corp.

     496         31,248   

Ameren Corp.

     1,292         54,522   

Avista Corp.(a)

     291         9,946   

Black Hills Corp.(a)

     121         6,103   

CenterPoint Energy, Inc.(a)

     1,994         40,698   

CMS Energy Corp.(a)

     1,393         48,630   

Consolidated Edison, Inc.(a)

     1,869         114,009   

Dominion Resources, Inc.(a)

     229         16,229   

DTE Energy Co.

     930         75,042   

Integrys Energy Group, Inc.(a)

     489         35,218   

MDU Resources Group, Inc.(a)

     1,176         25,096   

NiSource, Inc.(a)

     1,391         61,427   

NorthWestern Corp.(a)

     230         12,372   

PG&E Corp.(a)

     2,645         140,370   

Public Service Enterprise Group, Inc.(a)

     3,007         126,053   

SCANA Corp.(a)

     718         39,483   

Sempra Energy

     1,074         117,087   

TECO Energy, Inc.(a)

     1,100         21,340   

Vectren Corp.(a)

     346         15,272   

Wisconsin Energy Corp.(a)

     1,094         54,153   
     

 

 

 
Total Multi-Utilities               1,044,298   
Multiline Retail – 0.7%      

Big Lots, Inc.(a)

     429         20,605   

Dillard’s, Inc. Class A(a)

     286         39,042   

Dollar General Corp.*

     1,292         97,391   

Dollar Tree, Inc.*

     821         66,620   

Family Dollar Stores, Inc.

     297         23,534   

Kohl’s Corp.(a)

     1,290         100,942   

Macy’s, Inc.(a)

     2,248         145,918   

Nordstrom, Inc.(a)

     899         72,208   

Target Corp.(a)

     1,913         157,000   
     

 

 

 
Total Multiline Retail               723,260   
Oil, Gas & Consumable Fuels – 9.4%      

Alon USA Energy, Inc.(a)

     265         4,391   

Anadarko Petroleum Corp.

     1,930         159,823   

Apache Corp.(a)

     126         7,602   

Approach Resources, Inc.*(a)

     977         6,438   

Bonanza Creek Energy, Inc.*

     485         11,960   

Cabot Oil & Gas Corp.(a)

     1,158         34,196   

Carrizo Oil & Gas, Inc.*(a)

     253         12,561   

Chesapeake Energy Corp.(a)

     2,058         29,141   

Chevron Corp.

     18,398         1,931,422   
     

Cimarex Energy Co.(a)

     524       $ 60,307   

Cloud Peak Energy, Inc.*(a)

     733         4,266   

Concho Resources, Inc.*(a)

     503         58,308   

ConocoPhillips(a)

     10,418         648,625   

Continental Resources, Inc.*(a)

     2,726         119,044   

CVR Energy, Inc.

     745         31,707   

Delek U.S. Holdings, Inc.

     548         21,783   

Denbury Resources, Inc.(a)

     4,990         36,377   

Devon Energy Corp.

     2,516         151,740   

Diamondback Energy, Inc.*

     160         12,294   

Energen Corp.(a)

     356         23,496   

EOG Resources, Inc.

     3,136         287,540   

EP Energy Corp. Class A*(a)

     967         10,134   

EQT Corp.

     462         38,286   

Exxon Mobil Corp.(a)

     38,207         3,247,595   

Green Plains, Inc.(a)

     388         11,077   

Gulfport Energy Corp.*(a)

     434         19,925   

Hess Corp.(a)

     2,532         171,847   

HollyFrontier Corp.(a)

     1,602         64,513   

Kinder Morgan, Inc.(a)

     2,645         111,249   

Laredo Petroleum, Inc.*(a)

     1,562         20,369   

Marathon Oil Corp.(a)

     5,301         138,409   

Marathon Petroleum Corp.

     2,538         259,866   

Murphy Oil Corp.(a)

     1,481         69,015   

Newfield Exploration Co.*(a)

     1,016         35,651   

Noble Energy, Inc.(a)

     1,841         90,025   

Northern Oil and Gas, Inc.*(a)

     1,400         10,794   

Oasis Petroleum, Inc.*(a)

     2,852         40,555   

Occidental Petroleum Corp.

     5,714         417,122   

ONEOK, Inc.(a)

     647         31,211   

PBF Energy, Inc. Class A(a)

     981         33,276   

PDC Energy, Inc.*(a)

     142         7,674   

Phillips 66(a)

     5,203         408,956   

QEP Resources, Inc.(a)

     1,087         22,664   

Range Resources Corp.(a)

     324         16,861   

Renewable Energy Group, Inc.*(a)

     1,212         11,175   

Rex Energy Corp.*(a)

     976         3,631   

Rice Energy, Inc.*(a)

     352         7,660   

Rosetta Resources, Inc.*(a)

     856         14,569   

Sanchez Energy Corp.*(a)

     988         12,854   

SM Energy Co.(a)

     895         46,254   

Southwestern Energy Co.*(a)

     2,389         55,401   

Spectra Energy Corp.(a)

     2,694         97,442   

Stone Energy Corp.*(a)

     606         8,896   

Tesoro Corp.(a)

     810         73,945   

Triangle Petroleum Corp.*(a)

     2,331         11,725   

Valero Energy Corp.

     6,941         441,586   

W&T Offshore, Inc.

     1,002         5,120   

Western Refining, Inc.(a)

     1,142         56,403   

Whiting Petroleum Corp.*(a)

     1,129         34,886   

Williams Cos., Inc. (The)(a)

     4,070         205,901   

World Fuel Services Corp.

     402         23,107   
     

 

 

 
Total Oil, Gas & Consumable Fuels               10,040,650   

 

See Notes to Financial Statements.

 

100   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Paper & Forest Products – 0.2%      

Boise Cascade Co.*

     170       $ 6,368   

Clearwater Paper Corp.*

     198         12,929   

Domtar Corp.

     1,001         46,266   

International Paper Co.

     2,670         148,158   

KapStone Paper and Packaging Corp.(a)

     658         21,609   

Mercer International, Inc.*

     727         11,167   

PH Glatfelter Co.

     384         10,572   

Schweitzer-Mauduit International, Inc.(a)

     120         5,534   
     

 

 

 
Total Paper & Forest Products               262,603   
Personal Products – 0.2%      

Avon Products, Inc.(a)

     993         7,934   

Estee Lauder Cos., Inc. (The) Class A(a)

     1,305         108,524   

Inter Parfums, Inc.

     429         13,994   

Medifast, Inc.*

     282         8,451   

Nu Skin Enterprises, Inc. Class A(a)

     535         32,212   

Revlon, Inc. Class A*

     495         20,394   

USANA Health Sciences, Inc.*(a)

     114         12,668   
     

 

 

 
Total Personal Products               204,177   
Pharmaceuticals – 3.7%      

AbbVie, Inc.(a)

     5,141         300,954   

Akorn, Inc.*(a)

     135         6,414   

Bristol-Myers Squibb Co.

     3,729         240,521   

Eli Lilly & Co.

     3,520         255,728   

Hospira, Inc.*

     532         46,731   

Impax Laboratories, Inc.*(a)

     343         16,077   

Johnson & Johnson

     14,617         1,470,470   

Lannett Co., Inc.*(a)

     151         10,224   

Medicines Co. (The)*(a)

     261         7,313   

Merck & Co., Inc.

     7,234         415,810   

Pfizer, Inc.(a)

     31,805         1,106,496   

Prestige Brands Holdings, Inc.*(a)

     298         12,781   

Zoetis, Inc.

     1,251         57,909   
     

 

 

 
Total Pharmaceuticals               3,947,428   
Professional Services – 0.3%      

CBIZ, Inc.*(a)

     986         9,199   

Corporate Executive Board Co. (The)(a)

     123         9,823   

Dun & Bradstreet Corp. (The)

     257         32,989   

Equifax, Inc.(a)

     413         38,409   

FTI Consulting, Inc.*(a)

     202         7,567   

IHS, Inc. Class A*(a)

     122         13,879   

Insperity, Inc.(a)

     225         11,765   

Kelly Services, Inc. Class A(a)

     267         4,656   

Korn/Ferry International

     265         8,711   

Manpowergroup, Inc.(a)

     464         39,974   

Navigant Consulting, Inc.*

     526         6,817   

On Assignment, Inc.*(a)

     281         10,782   

Robert Half International, Inc.(a)

     443         26,810   

RPX Corp.*

     692         9,958   

Towers Watson & Co. Class A(a)

     281         37,144   

Verisk Analytics, Inc. Class A*

     492         35,129   

WageWorks, Inc.*

     80         4,266   
     

 

 

 
Total Professional Services               307,878   
     
Real Estate Investment Trusts (REITs) – 1.5%      

Acadia Realty Trust

     457       $ 15,940   

Agree Realty Corp.

     138         4,550   

Alexander’s, Inc.(a)

     22         10,045   

Alexandria Real Estate Equities, Inc.(a)

     112         10,980   

American Campus Communities, Inc.(a)

     223         9,560   

American Tower Corp.

     785         73,908   

Apartment Investment & Management Co. Class A

     801         31,527   

Associated Estates Realty Corp.(a)

     865         21,348   

AvalonBay Communities, Inc.(a)

     343         59,768   

BioMed Realty Trust, Inc.(a)

     143         3,240   

Boston Properties, Inc.(a)

     200         28,096   

Camden Property Trust

     204         15,939   

CBL & Associates Properties, Inc.(a)

     469         9,286   

Chatham Lodging Trust

     665         19,558   

Corrections Corp. of America(a)

     631         25,404   

Crown Castle International Corp.(a)

     270         22,286   

DiamondRock Hospitality Co.(a)

     332         4,691   

Digital Realty Trust, Inc.

     409         26,978   

Duke Realty Corp.

     730         15,892   

Empire State Realty Trust, Inc. Class A(a)

     923         17,362   

EPR Properties(a)

     207         12,426   

Equity Lifestyle Properties, Inc.

     138         7,583   

Equity Residential

     499         38,852   

Essex Property Trust, Inc.

     32         7,357   

Extra Space Storage, Inc.

     252         17,028   

Federal Realty Investment Trust(a)

     114         16,782   

Gaming and Leisure Properties, Inc. REIT(a)

     524         19,320   

General Growth Properties, Inc.(a)

     786         23,226   

Geo Group, Inc. (The)

     556         24,319   

Government Properties Income Trust(a)

     614         14,030   

HCP, Inc.

     2,089         90,266   

Health Care REIT, Inc.(a)

     340         26,302   

Highwoods Properties, Inc.(a)

     184         8,424   

Home Properties, Inc.(a)

     61         4,227   

Hospitality Properties Trust

     350         11,547   

Host Hotels & Resorts, Inc.(a)

     1,860         37,535   

Inland Real Estate Corp.(a)

     2,169         23,187   

Iron Mountain, Inc.(a)

     761         27,761   

Kilroy Realty Corp.(a)

     95         7,236   

Kimco Realty Corp.(a)

     1,121         30,099   

LaSalle Hotel Properties(a)

     301         11,697   

Liberty Property Trust

     314         11,210   

LTC Properties, Inc.

     170         7,820   

Macerich Co. (The)

     191         16,107   

Medical Properties Trust, Inc.(a)

     599         8,829   

Mid-America Apartment Communities, Inc.(a)

     132         10,200   

National Health Investors, Inc.

     249         17,681   

National Retail Properties, Inc.

     226         9,259   

Omega Healthcare Investors, Inc.(a)

     403         16,350   

Outfront Media, Inc.(a)

     881         26,360   

Pebblebrook Hotel Trust(a)

     168         7,824   

Piedmont Office Realty Trust, Inc. Class A

     323         6,011   

Plum Creek Timber Co., Inc.(a)

     521         22,637   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      101   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Post Properties, Inc.(a)

     352       $ 20,039   

Potlatch Corp.

     289         11,572   

Prologis, Inc.(a)

     579         25,221   

PS Business Parks, Inc.

     61         5,065   

Public Storage(a)

     487         96,007   

Rayonier, Inc.(a)

     691         18,629   

Realty Income Corp.(a)

     405         20,898   

Regency Centers Corp.(a)

     57         3,878   

Retail Opportunity Investments Corp.

     674         12,334   

RLJ Lodging Trust

     166         5,197   

Ryman Hospitality Properties, Inc.

     136         8,284   

Sabra Health Care REIT, Inc.(a)

     566         18,763   

Select Income REIT(a)

     642         16,044   

Senior Housing Properties Trust(a)

     553         12,271   

Simon Property Group, Inc.

     721         141,056   

SL Green Realty Corp.(a)

     172         22,081   

Strategic Hotels & Resorts, Inc.*

     998         12,405   

Sunstone Hotel Investors, Inc.

     447         7,451   

Tanger Factory Outlet Centers, Inc.(a)

     317         11,149   

Universal Health Realty Income Trust(a)

     283         15,919   

Ventas, Inc.(a)

     714         52,136   

W.P. Carey, Inc.(a)

     202         13,736   

Weingarten Realty Investors(a)

     153         5,505   

Weyerhaeuser Co.

     1,641         54,399   

WP GLIMCHER, Inc.(a)

     531         8,831   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               1,664,720   
Real Estate Management & Development – 0.1%      

CBRE Group, Inc. Class A*

     1,320         51,097   

Forestar Group, Inc.*(a)

     728         11,481   

Jones Lang LaSalle, Inc.(a)

     168         28,627   

Realogy Holdings Corp.*

     718         32,655   

St. Joe Co. (The)*(a)

     1,872         34,744   
     

 

 

 
Total Real Estate Management & Development               158,604   
Road & Rail – 1.0%      

AMERCO(a)

     137         45,265   

Avis Budget Group, Inc.*(a)

     241         14,223   

Con-way, Inc.(a)

     232         10,238   

CSX Corp.

     5,102         168,978   

Genesee & Wyoming, Inc. Class A*(a)

     220         21,217   

Heartland Express, Inc.(a)

     286         6,795   

Hertz Global Holdings, Inc.*(a)

     1,397         30,287   

JB Hunt Transport Services, Inc.(a)

     434         37,061   

Kansas City Southern(a)

     415         42,363   

Knight Transportation, Inc.(a)

     232         7,482   

Landstar System, Inc.(a)

     178         11,801   

Norfolk Southern Corp.(a)

     1,876         193,078   

Old Dominion Freight Line, Inc.*(a)

     340         26,282   

Quality Distribution, Inc.*

     929         9,596   

Ryder System, Inc.

     149         14,139   

Saia, Inc.*

     183         8,107   

Swift Transportation Co.*(a)

     689         17,928   

Union Pacific Corp.

     4,064         440,172   

Werner Enterprises, Inc.(a)

     236         7,413   
     

 

 

 
Total Road & Rail               1,112,425   
     
Semiconductors & Semiconductor Equipment – 2.1%      

Advanced Energy Industries, Inc.*(a)

     524       $ 13,446   

Altera Corp.(a)

     1,266         54,324   

Amkor Technology, Inc.*

     2,337         20,648   

Analog Devices, Inc.(a)

     1,031         64,953   

Applied Materials, Inc.

     4,350         98,136   

Broadcom Corp. Class A

     939         40,654   

Brooks Automation, Inc.(a)

     783         9,106   

Cabot Microelectronics Corp.*(a)

     81         4,048   

Cirrus Logic, Inc.*

     636         21,153   

Cree, Inc.*(a)

     322         11,428   

Diodes, Inc.*

     347         9,910   

Entegris, Inc.*(a)

     799         10,938   

First Solar, Inc.*(a)

     584         34,917   

Integrated Device Technology, Inc.*(a)

     469         9,389   

Integrated Silicon Solution, Inc.

     565         10,108   

Intel Corp.

     27,023         845,009   

KLA-Tencor Corp.(a)

     752         43,834   

Lam Research Corp.

     661         46,425   

Lattice Semiconductor Corp.*(a)

     579         3,671   

Linear Technology Corp.(a)

     849         39,733   

Maxim Integrated Products, Inc.

     1,305         45,427   

Microchip Technology, Inc.(a)

     879         42,983   

Micron Technology, Inc.*(a)

     7,927         215,060   

NVIDIA Corp.(a)

     2,772         58,004   

OmniVision Technologies, Inc.*

     292         7,700   

ON Semiconductor Corp.*

     1,379         16,700   

Qorvo, Inc.*

     138         10,999   

Silicon Laboratories, Inc.*

     84         4,265   

Skyworks Solutions, Inc.

     646         63,495   

SunPower Corp.*(a)

     396         12,399   

Synaptics, Inc.*(a)

     200         16,261   

Teradyne, Inc.(a)

     1,195         22,526   

Tessera Technologies, Inc.

     157         6,324   

Texas Instruments, Inc.

     4,151         237,375   

Xilinx, Inc.(a)

     1,191         50,379   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         2,201,727   
Software – 3.3%      

ACI Worldwide, Inc.*(a)

     596         12,909   

Activision Blizzard, Inc.(a)

     3,108         70,629   

Adobe Systems, Inc.*

     379         28,023   

ANSYS, Inc.*

     258         22,753   

Autodesk, Inc.*

     298         17,475   

CA, Inc.(a)

     2,422         78,981   

Cadence Design Systems, Inc.*(a)

     1,445         26,646   

Citrix Systems, Inc.*

     427         27,272   

Ebix, Inc.(a)

     644         19,565   

Electronic Arts, Inc.*(a)

     731         42,994   

FactSet Research Systems, Inc.(a)

     141         22,447   

Fair Isaac Corp.(a)

     197         17,478   

Fortinet, Inc.*(a)

     148         5,173   

Informatica Corp.*(a)

     271         11,885   

Intuit, Inc.

     809         78,441   

Manhattan Associates, Inc.*(a)

     284         14,373   

 

See Notes to Financial Statements.

 

102   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Mentor Graphics Corp.(a)

     504       $ 12,111   

Microsoft Corp.

     40,966         1,665,473   

Oracle Corp.

     24,919         1,075,255   

Progress Software Corp.*

     348         9,455   

PTC, Inc.*

     433         15,662   

Red Hat, Inc.*(a)

     204         15,453   

SolarWinds, Inc.*

     237         12,144   

SS&C Technologies Holdings, Inc.(a)

     197         12,273   

Symantec Corp.

     3,295         76,988   

Synopsys, Inc.*

     523         24,225   

Take-Two Interactive Software, Inc.*(a)

     956         24,335   

TiVo, Inc.*

     1,096         11,628   

Tyler Technologies, Inc.*

     89         10,727   

VMware, Inc. Class A*(a)

     987         80,944   
     

 

 

 
Total Software               3,543,717   
Specialty Retail – 2.5%      

Aaron’s, Inc.(a)

     436         12,343   

Abercrombie & Fitch Co. Class A(a)

     266         5,863   

Advance Auto Parts, Inc.(a)

     257         38,470   

American Eagle Outfitters, Inc.(a)

     563         9,616   

ANN, Inc.*

     234         9,601   

Asbury Automotive Group, Inc.*(a)

     196         16,288   

Ascena Retail Group, Inc.*(a)

     962         13,959   

AutoNation, Inc.*(a)

     552         35,510   

AutoZone, Inc.*(a)

     177         120,742   

Bed Bath & Beyond, Inc.*(a)

     1,225         94,049   

Best Buy Co., Inc.(a)

     2,438         92,132   

Brown Shoe Co., Inc.(a)

     180         5,904   

Buckle, Inc. (The)(a)

     314         16,042   

Cabela’s, Inc.*(a)

     323         18,081   

CarMax, Inc.*(a)

     824         56,864   

Cato Corp. (The) Class A

     286         11,326   

Chico’s FAS, Inc.(a)

     843         14,913   

Children’s Place, Inc. (The)(a)

     122         7,831   

Conn’s, Inc.*(a)

     452         13,686   

CST Brands, Inc.(a)

     253         11,089   

Dick’s Sporting Goods, Inc.

     459         26,158   

DSW, Inc. Class A

     368         13,572   

Express, Inc.*

     785         12,976   

Finish Line, Inc. (The) Class A(a)

     321         7,871   

Foot Locker, Inc.(a)

     727         45,801   

Francesca’s Holdings Corp.*(a)

     371         6,604   

GameStop Corp. Class A(a)

     1,031         39,137   

Gap, Inc. (The)(a)

     2,775         120,241   

Genesco, Inc.*

     84         5,983   

GNC Holdings, Inc. Class A(a)

     490         24,044   

Group 1 Automotive, Inc.(a)

     81         6,993   

Guess?, Inc.(a)

     643         11,953   

Hibbett Sports, Inc.*(a)

     138         6,770   

Home Depot, Inc. (The)

     5,298         601,906   

L Brands, Inc.(a)

     1,047         98,722   

Lithia Motors, Inc. Class A(a)

     151         15,011   

Lowe’s Cos., Inc.

     3,527         262,373   
     

Lumber Liquidators Holdings, Inc.*(a)

     118       $ 3,632   

Mattress Firm Holding Corp.*(a)

     172         11,978   

Men’s Wearhouse, Inc. (The)(a)

     165         8,613   

Michaels Cos., Inc. (The)*

     574         15,532   

Monro Muffler Brake, Inc.(a)

     86         5,594   

Murphy USA, Inc.*(a)

     103         7,454   

O’Reilly Automotive, Inc.*(a)

     365         78,928   

Outerwall, Inc.(a)

     230         15,208   

Penske Automotive Group, Inc.(a)

     586         30,173   

Pier 1 Imports, Inc.(a)

     838         11,715   

Rent-A-Center, Inc.(a)

     315         8,644   

Restoration Hardware Holdings, Inc.*

     66         6,546   

Ross Stores, Inc.(a)

     875         92,190   

Sally Beauty Holdings, Inc.*

     753         25,881   

Select Comfort Corp.*(a)

     344         11,858   

Sonic Automotive, Inc. Class A(a)

     493         12,276   

Stage Stores, Inc.

     340         7,793   

Staples, Inc.(a)

     3,448         56,151   

Tiffany & Co.(a)

     438         38,548   

Tilly’s, Inc. Class A*

     269         4,210   

TJX Cos., Inc. (The)

     2,918         204,406   

Tractor Supply Co.(a)

     370         31,472   

Ulta Salon Cosmetics & Fragrance, Inc.*(a)

     121         18,253   

Urban Outfitters, Inc.*(a)

     612         27,938   

Vitamin Shoppe, Inc.*(a)

     83         3,419   

Williams-Sonoma, Inc.

     384         30,609   
     

 

 

 
Total Specialty Retail               2,679,445   
Technology Hardware, Storage & Peripherals – 4.7%      

3D Systems Corp.*(a)

     135         3,702   

Apple, Inc.

     33,081         4,116,269   

Electronics For Imaging, Inc.*(a)

     206         8,600   

EMC Corp.

     8,380         214,193   

Hewlett-Packard Co.

     12,062         375,852   

Lexmark International, Inc. Class A(a)

     435         18,418   

NCR Corp.*

     987         29,126   

NetApp, Inc.(a)

     1,276         45,247   

SanDisk Corp.(a)

     1,023         65,083   

Western Digital Corp.

     1,419         129,143   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         5,005,633   
Textiles, Apparel & Luxury Goods – 0.7%      

Carter’s, Inc.

     204         18,864   

Coach, Inc.(a)

     1,663         68,898   

Columbia Sportswear Co.(a)

     404         24,604   

Deckers Outdoor Corp.*(a)

     145         10,566   

Fossil Group, Inc.*(a)

     328         27,044   

G-III Apparel Group Ltd.*(a)

     152         17,123   

Hanesbrands, Inc.

     1,264         42,357   

Iconix Brand Group, Inc.*(a)

     369         12,424   

lululemon athletica, Inc.*(a)

     394         25,224   

NIKE, Inc. Class B

     2,706         271,493   

PVH Corp.(a)

     225         23,976   

Ralph Lauren Corp.(a)

     318         41,817   

Skechers U.S.A., Inc. Class A*(a)

     133         9,564   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      103   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Total Earnings Fund (EXT)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     

Steven Madden Ltd.*

     398       $ 15,124   

Under Armour, Inc. Class A*(a)

     259         20,914   

Vera Bradley, Inc.*(a)

     321         5,210   

VF Corp.

     1,723         129,759   

Wolverine World Wide, Inc.(a)

     472         15,788   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         780,749   
Thrifts & Mortgage Finance – 0.3%      

Astoria Financial Corp.(a)

     712         9,220   

BofI Holding, Inc.*(a)

     139         12,933   

Capitol Federal Financial, Inc.(a)

     490         6,125   

Dime Community Bancshares, Inc.(a)

     944         15,198   

EverBank Financial Corp.(a)

     627         11,305   

HomeStreet, Inc.*

     364         6,668   

Hudson City Bancorp, Inc.(a)

     2,004         21,002   

MGIC Investment Corp.*(a)

     1,356         13,058   

Nationstar Mortgage Holdings, Inc.*

     553         13,698   

New York Community Bancorp, Inc.(a)

     2,748         45,974   

Northwest Bancshares, Inc.(a)

     702         8,319   

Ocwen Financial Corp.*(a)

     732         6,039   

People’s United Financial, Inc.(a)

     1,248         18,970   

Provident Financial Services, Inc.(a)

     457         8,523   

Radian Group, Inc.(a)

     2,442         41,001   

Territorial Bancorp, Inc.(a)

     298         7,081   

TFS Financial Corp.

     377         5,534   

Walker & Dunlop, Inc.*

     857         15,195   

Washington Federal, Inc.(a)

     758         16,528   
     

 

 

 
Total Thrifts & Mortgage Finance               282,371   
Tobacco – 1.2%      

Altria Group, Inc.

     8,091         404,712   

Lorillard, Inc.(a)

     1,704         111,356   

Philip Morris International, Inc.

     8,441         635,861   

Reynolds American, Inc.(a)

     2,362         162,765   

Universal Corp.(a)

     206         9,715   
     

 

 

 
Total Tobacco               1,324,409   
Trading Companies & Distributors – 0.3%      

Air Lease Corp.(a)

     521         19,663   

Applied Industrial Technologies, Inc.(a)

     341         15,461   

Beacon Roofing Supply, Inc.*(a)

     265         8,295   

CAI International, Inc.*

     225         5,528   

DXP Enterprises, Inc.*

     153         6,746   

Fastenal Co.(a)

     832         34,474   

GATX Corp.(a)

     199         11,538   

Kaman Corp.(a)

     145         6,152   

MRC Global, Inc.*(a)

     1,139         13,497   

MSC Industrial Direct Co., Inc. Class A(a)

     252         18,194   

NOW, Inc.*(a)

     754         16,317   

Rush Enterprises, Inc. Class A*(a)

     263         7,196   

TAL International Group, Inc.*(a)

     316         12,871   

United Rentals, Inc.*(a)

     414         37,740   

W.W. Grainger, Inc.(a)

     314         74,044   

Watsco, Inc.(a)

     139         17,472   

WESCO International, Inc.*(a)

     305         21,316   
     

 

 

 
Total Trading Companies & Distributors         326,504   
     
Transportation Infrastructure – 0.0%      

Wesco Aircraft Holdings, Inc.*(a)

     682       $ 10,448   
Water Utilities – 0.1%      

American States Water Co.(a)

     292         11,648   

American Water Works Co., Inc.

     783         42,446   

Aqua America, Inc.(a)

     431         11,357   

California Water Service Group

     577         14,142   
     

 

 

 
Total Water Utilities               79,593   
Wireless Telecommunication Services – 0.0%      

NTELOS Holdings Corp.

     150         720   

Spok Holdings, Inc.

     521         9,988   

T-Mobile U.S., Inc.*

     663         21,010   
     

 

 

 
Total Wireless Telecommunication Services         31,718   

TOTAL COMMON STOCKS

(Cost: $88,035,806)

              107,067,670   
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED – 24.1%
   
United States – 24.1%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $25,896,098)(c)      25,896,098         25,896,098   

TOTAL INVESTMENTS IN SECURITIES – 124.0%

(Cost: $113,931,904)

  

  

     132,963,768   

Liabilities in Excess of Cash and Other Assets – (24.0)%

  

     (25,754,741
     

 

 

 
NET ASSETS – 100.0%             $ 107,209,027   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $31,680,947 and the total market value of the collateral held by the Fund was $32,406,444. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $6,510,346. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

104   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree U.S. Dividend Growth Fund (DGRW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 6.2%      

Boeing Co. (The)

     53,385       $ 8,012,021   

Honeywell International, Inc.

     52,300         5,455,413   

Huntington Ingalls Industries, Inc.

     2,287         320,523   

Lockheed Martin Corp.

     31,705         6,434,847   

Orbital ATK, Inc.

     1,171         89,734   

Precision Castparts Corp.

     255         53,550   

Rockwell Collins, Inc.

     5,944         573,893   

Textron, Inc.

     1,705         75,582   

United Technologies Corp.

     59,311         6,951,249   
     

 

 

 
Total Aerospace & Defense         27,966,812   
Air Freight & Logistics – 1.4%      

C.H. Robinson Worldwide, Inc.(a)

     8,684         635,842   

FedEx Corp.

     4,067         672,885   

United Parcel Service, Inc. Class B

     53,007         5,138,499   
     

 

 

 
Total Air Freight & Logistics         6,447,226   
Airlines – 0.2%      

Alaska Air Group, Inc.

     3,606         238,645   

Southwest Airlines Co.

     11,980         530,714   
     

 

 

 
Total Airlines         769,359   
Auto Components – 0.7%      

BorgWarner, Inc.

     6,897         417,131   

Gentex Corp.(a)

     16,124         295,069   

Johnson Controls, Inc.

     46,571         2,349,041   

Lear Corp.

     2,185         242,142   
     

 

 

 
Total Auto Components         3,303,383   
Automobiles – 1.8%      

General Motors Co.

     188,912         7,084,200   

Harley-Davidson, Inc.

     10,900         662,066   

Thor Industries, Inc.

     3,355         212,070   
     

 

 

 
Total Automobiles         7,958,336   
Banks – 0.1%      

BankUnited, Inc.

     9,202         301,274   
Beverages – 3.3%      

Brown-Forman Corp. Class B

     5,752         519,693   

Coca-Cola Enterprises, Inc.

     17,185         759,577   

Dr. Pepper Snapple Group, Inc.

     14,047         1,102,409   

PepsiCo, Inc.

     128,029         12,242,133   
     

 

 

 
Total Beverages         14,623,812   
Biotechnology – 1.2%      

Amgen, Inc.

     34,943         5,585,639   
Building Products – 0.1%      

Lennox International, Inc.

     1,937         216,344   
Capital Markets – 3.0%      

Ameriprise Financial, Inc.

     10,320         1,350,269   

Charles Schwab Corp. (The)

     33,830         1,029,785   

Eaton Vance Corp.(a)

     9,217         383,796   

Federated Investors, Inc. Class B(a)

     9,998         338,832   

Franklin Resources, Inc.

     16,990         871,927   
     

Goldman Sachs Group, Inc. (The)

     17,132       $ 3,220,302   

Janus Capital Group, Inc.(a)

     11,771         202,343   

LPL Financial Holdings, Inc.(a)

     6,938         304,301   

Morgan Stanley

     66,914         2,388,161   

Raymond James Financial, Inc.

     5,720         324,781   

SEI Investments Co.

     6,019         265,378   

T. Rowe Price Group, Inc.

     17,168         1,390,265   

TD Ameritrade Holding Corp.

     28,880         1,076,069   

Waddell & Reed Financial, Inc. Class A(a)

     7,951         393,892   
     

 

 

 
Total Capital Markets         13,540,101   
Chemicals – 4.5%      

Airgas, Inc.

     4,590         487,045   

Albemarle Corp.

     4,806         253,949   

Cabot Corp.

     4,365         196,425   

Celanese Corp. Series A

     8,073         450,958   

CF Industries Holdings, Inc.

     3,706         1,051,318   

Cytec Industries, Inc.

     2,518         136,073   

E.I. du Pont de Nemours & Co.

     75,971         5,429,647   

Eastman Chemical Co.

     8,851         613,020   

Ecolab, Inc.

     9,969         1,140,254   

FMC Corp.(a)

     4,512         258,312   

International Flavors & Fragrances, Inc.

     4,732         555,537   

Monsanto Co.

     24,878         2,799,770   

Mosaic Co. (The)

     23,256         1,071,171   

PolyOne Corp.

     3,172         118,474   

PPG Industries, Inc.

     5,228         1,179,123   

Praxair, Inc.

     18,894         2,281,262   

Scotts Miracle-Gro Co. (The) Class A

     5,519         370,711   

Sensient Technologies Corp.

     2,563         176,540   

Sherwin-Williams Co. (The)

     2,780         790,910   

Sigma-Aldrich Corp.

     2,620         362,215   

Valspar Corp. (The)(a)

     3,149         264,611   

Westlake Chemical Corp.

     4,880         351,067   
     

 

 

 
Total Chemicals         20,338,392   
Commercial Services & Supplies – 0.2%      

Cintas Corp.

     4,555         371,825   

Deluxe Corp.

     3,076         213,105   

Waste Connections, Inc.

     4,554         219,230   
     

 

 

 
Total Commercial Services & Supplies         804,160   
Communications Equipment – 1.4%      

QUALCOMM, Inc.

     89,973         6,238,728   
Construction & Engineering – 0.1%      

EMCOR Group, Inc.

     1,462         67,939   

Fluor Corp.

     7,103         406,008   
     

 

 

 
Total Construction & Engineering         473,947   
Construction Materials – 0.1%      

Martin Marietta Materials, Inc.(a)

     3,076         430,025   
Containers & Packaging – 0.2%      

AptarGroup, Inc.(a)

     3,449         219,080   

Avery Dennison Corp.

     7,978         422,116   

Ball Corp.

     3,673         259,461   
     

 

 

 
Total Containers & Packaging         900,657   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      105   


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Dividend Growth Fund (DGRW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Diversified Consumer Services – 0.2%      

H&R Block, Inc.

     21,875       $ 701,531   

Sotheby’s(a)

     2,208         93,310   
     

 

 

 
Total Diversified Consumer Services         794,841   
Diversified Financial Services – 0.6%      

CBOE Holdings, Inc.

     3,724         213,776   

Intercontinental Exchange, Inc.

     4,128         962,939   

McGraw Hill Financial, Inc.

     11,674         1,207,092   

MSCI, Inc.

     5,501         337,266   
     

 

 

 
Total Diversified Financial Services         2,721,073   
Electric Utilities – 0.1%      

ITC Holdings Corp.

     7,949         297,531   
Electrical Equipment – 1.4%      

Acuity Brands, Inc.

     599         100,728   

AMETEK, Inc.

     5,532         290,651   

Babcock & Wilcox Co. (The)

     4,653         149,315   

Emerson Electric Co.

     69,084         3,911,536   

EnerSys(a)

     1,704         109,465   

Hubbell, Inc. Class B

     3,465         379,833   

Regal-Beloit Corp.

     1,704         136,184   

Rockwell Automation, Inc.

     10,353         1,200,844   
     

 

 

 
Total Electrical Equipment         6,278,556   
Electronic Equipment, Instruments & Components – 0.1%      

Amphenol Corp. Class A

     6,649         391,826   

FEI Co.

     1,084         82,752   

FLIR Systems, Inc.

     3,996         124,995   
     

 

 

 
Total Electronic Equipment, Instruments & Components         599,573   
Energy Equipment & Services – 1.0%      

Baker Hughes, Inc.

     16,546         1,051,994   

Halliburton Co.

     49,874         2,188,471   

Helmerich & Payne, Inc.(a)

     15,139         1,030,512   

RPC, Inc.(a)

     23,759         304,353   
     

 

 

 
Total Energy Equipment & Services         4,575,330   
Food & Staples Retailing – 3.4%      

Casey’s General Stores, Inc.

     1,111         100,101   

Costco Wholesale Corp.

     13,955         2,114,113   

CVS Health Corp.

     43,388         4,478,076   

Kroger Co. (The)

     18,323         1,404,641   

PriceSmart, Inc.(a)

     781         66,369   

Sysco Corp.

     55,267         2,085,224   

Walgreens Boots Alliance, Inc.

     53,003         4,488,294   

Whole Foods Market, Inc.

     11,818         615,481   
     

 

 

 
Total Food & Staples Retailing         15,352,299   
Food Products – 2.1%      

Flowers Foods, Inc.

     18,006         409,456   

Hershey Co. (The)

     10,814         1,091,241   

Hormel Foods Corp.

     12,666         720,062   

Keurig Green Mountain, Inc.(a)

     4,216         471,054   

Kraft Foods Group, Inc.

     67,665         5,894,637   

McCormick & Co., Inc. Non-Voting Shares(a)

     7,438         573,544   

Tyson Foods, Inc. Class A

     9,103         348,645   
     

 

 

 
Total Food Products         9,508,639   
     
Health Care Equipment & Supplies – 1.9%      

Baxter International, Inc.

     48,496       $ 3,321,976   

Becton, Dickinson and Co.

     9,544         1,370,423   

C.R. Bard, Inc.

     1,186         198,477   

Cooper Cos., Inc. (The)(a)

     30         5,623   

ResMed, Inc.(a)

     9,238         663,104   

St. Jude Medical, Inc.

     14,364         939,405   

STERIS Corp.

     2,820         198,161   

Stryker Corp.

     15,450         1,425,262   

West Pharmaceutical Services, Inc.

     1,746         105,127   

Zimmer Holdings, Inc.

     4,186         491,939   
     

 

 

 
Total Health Care Equipment & Supplies         8,719,497   
Health Care Providers & Services – 2.1%      

Aetna, Inc.

     12,630         1,345,474   

Cardinal Health, Inc.

     17,736         1,601,029   

McKesson Corp.

     3,335         754,377   

Patterson Cos., Inc.

     5,365         261,758   

UnitedHealth Group, Inc.

     45,156         5,341,503   
     

 

 

 
Total Health Care Providers & Services         9,304,141   
Hotels, Restaurants & Leisure – 5.3%      

Brinker International, Inc.(a)

     4,300         264,708   

Cracker Barrel Old Country Store, Inc.(a)

     2,251         342,467   

Dunkin’ Brands Group, Inc.(a)

     6,322         300,674   

International Game Technology

     19,841         345,432   

Jack in the Box, Inc.

     1,178         112,994   

Las Vegas Sands Corp.(a)

     89,683         4,936,152   

McDonald’s Corp.

     112,951         11,005,946   

Starbucks Corp.

     35,652         3,376,244   

Wyndham Worldwide Corp.

     6,489         587,060   

Yum! Brands, Inc.

     30,375         2,391,120   
     

 

 

 
Total Hotels, Restaurants & Leisure         23,662,797   
Household Durables – 0.6%      

D.R. Horton, Inc.

     11,479         326,922   

Harman International Industries, Inc.

     2,880         384,854   

Lennar Corp. Class A(a)

     1,994         103,309   

PulteGroup, Inc.

     17,767         394,960   

Tupperware Brands Corp.(a)

     6,627         457,396   

Whirlpool Corp.

     4,001         808,442   
     

 

 

 
Total Household Durables         2,475,883   
Household Products – 1.9%      

Church & Dwight Co., Inc.

     6,666         569,410   

Colgate-Palmolive Co.

     59,250         4,108,395   

Kimberly-Clark Corp.

     34,360         3,680,299   
     

 

 

 
Total Household Products         8,358,104   
Industrial Conglomerates – 1.9%      

3M Co.

     43,150         7,117,592   

Carlisle Cos., Inc.

     2,279         211,104   

Danaher Corp.

     10,289         873,536   

Roper Industries, Inc.

     1,675         288,100   
     

 

 

 
Total Industrial Conglomerates         8,490,332   

 

See Notes to Financial Statements.

 

106   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Dividend Growth Fund (DGRW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Insurance – 0.6%      

AmTrust Financial Services, Inc.(a)

     4,300       $ 245,035   

Arthur J. Gallagher & Co.

     15,132         707,421   

Marsh & McLennan Cos., Inc.

     33,499         1,878,959   
     

 

 

 
Total Insurance         2,831,415   
Internet & Catalog Retail – 0.1%      

Expedia, Inc.(a)

     3,168         298,204   

HSN, Inc.(a)

     3,075         209,807   
     

 

 

 
Total Internet & Catalog Retail         508,011   
Internet Software & Services – 0.1%      

IAC/InterActiveCorp

     3,793         255,914   

j2 Global, Inc.(a)

     2,036         133,724   
     

 

 

 
Total Internet Software & Services         389,638   
IT Services – 4.1%      

Automatic Data Processing, Inc.

     26,048         2,230,751   

Booz Allen Hamilton Holding Corp.

     5,709         165,218   

DST Systems, Inc.

     1,152         127,538   

Global Payments, Inc.

     279         25,579   

International Business Machines Corp.

     63,636         10,213,578   

Jack Henry & Associates, Inc.

     2,617         182,902   

MasterCard, Inc. Class A

     13,135         1,134,733   

MAXIMUS, Inc.

     583         38,921   

Paychex, Inc.

     26,997         1,339,456   

Total System Services, Inc.

     5,184         197,770   

Visa, Inc. Class A(a)

     33,530         2,193,197   

Western Union Co. (The)(a)

     34,718         722,481   
     

 

 

 
Total IT Services         18,572,124   
Leisure Products – 0.5%      

Brunswick Corp.

     2,905         149,462   

Hasbro, Inc.(a)

     11,781         745,031   

Mattel, Inc.

     51,538         1,177,643   

Polaris Industries, Inc.(a)

     2,665         376,032   
     

 

 

 
Total Leisure Products         2,448,168   
Life Sciences Tools & Services – 0.0%      

Bio-Techne Corp.

     1,631         163,573   
Machinery – 3.3%      

Allison Transmission Holdings, Inc.

     9,964         318,250   

Caterpillar, Inc.

     58,026         4,643,821   

CLARCOR, Inc.

     2,001         132,186   

Cummins, Inc.

     12,516         1,735,218   

Donaldson Co., Inc.

     7,511         283,240   

Dover Corp.(a)

     12,001         829,509   

Flowserve Corp.

     4,874         275,332   

Graco, Inc.

     2,568         185,307   

IDEX Corp.(a)

     3,696         280,268   

Illinois Tool Works, Inc.

     25,305         2,458,128   

ITT Corp.

     3,170         126,515   

Joy Global, Inc.(a)

     5,196         203,579   

Lincoln Electric Holdings, Inc.

     4,068         266,007   

Manitowoc Co., Inc. (The)

     1,798         38,765   

Nordson Corp.(a)

     2,237         175,247   
     

Pall Corp.

     4,552       $ 456,975   

Parker-Hannifin Corp.(a)

     9,389         1,115,225   

SPX Corp.

     2,318         196,798   

Timken Co. (The)

     6,596         277,955   

Toro Co. (The)

     2,267         158,962   

Valmont Industries, Inc.(a)

     871         107,029   

Wabtec Corp.

     826         78,478   

Woodward, Inc.(a)

     1,459         74,424   

Xylem, Inc.

     7,763         271,860   
     

 

 

 
Total Machinery         14,689,078   
Media – 4.1%      

CBS Corp. Class B Non-Voting Shares

     16,547         1,003,245   

Cinemark Holdings, Inc.

     10,071         453,900   

Comcast Corp. Class A(a)

     108,163         6,107,965   

Comcast Corp. Special Class A

     20,932         1,173,553   

Gannett Co., Inc.

     18,014         667,959   

John Wiley & Sons, Inc. Class A

     3,130         191,368   

Morningstar, Inc.

     1,451         108,694   

Scripps Networks Interactive, Inc. Class A(a)

     3,356         230,087   

Twenty-First Century Fox, Inc. Class A(a)

     28,995         981,191   

Twenty-First Century Fox, Inc. Class B

     17,252         567,246   

Viacom, Inc. Class A

     2,806         192,744   

Viacom, Inc. Class B

     20,021         1,367,434   

Walt Disney Co. (The)

     49,377         5,179,153   
     

 

 

 
Total Media         18,224,539   
Metals & Mining – 1.3%      

Compass Minerals International, Inc.

     3,101         289,044   

Freeport-McMoRan, Inc.

     184,591         3,497,999   

Reliance Steel & Aluminum Co.

     5,684         347,179   

Royal Gold, Inc.(a)

     2,566         161,940   

Southern Copper Corp.(a)

     44,464         1,297,460   

Steel Dynamics, Inc.

     16,403         329,700   
     

 

 

 
Total Metals & Mining         5,923,322   
Multiline Retail – 1.6%      

Big Lots, Inc.(a)

     2,875         138,086   

Dillard’s, Inc. Class A(a)

     264         36,039   

Macy’s, Inc.(a)

     21,838         1,417,504   

Nordstrom, Inc.

     10,843         870,910   

Target Corp.

     56,356         4,625,137   
     

 

 

 
Total Multiline Retail         7,087,676   
Oil, Gas & Consumable Fuels – 6.3%      

Cabot Oil & Gas Corp.

     3,551         104,861   

Cimarex Energy Co.

     1,735         199,681   

EOG Resources, Inc.

     13,195         1,209,850   

EQT Corp.

     599         49,639   

Exxon Mobil Corp.

     267,520         22,739,200   

HollyFrontier Corp.

     20,623         830,488   

Marathon Petroleum Corp.

     20,883         2,138,211   

Range Resources Corp.(a)

     1,478         76,915   

SM Energy Co.

     628         32,455   

Tesoro Corp.

     6,227         568,463   

Western Refining, Inc.

     9,770         482,540   
     

 

 

 
Total Oil, Gas & Consumable Fuels         28,432,303   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      107   


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Dividend Growth Fund (DGRW)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Personal Products – 0.2%      

Estee Lauder Cos., Inc. (The) Class A

     9,379       $ 779,958   
Pharmaceuticals – 5.4%      

AbbVie, Inc.

     148,017         8,664,915   

Bristol-Myers Squibb Co.

     125,918         8,121,711   

Eli Lilly & Co.

     97,086         7,053,298   

Zoetis, Inc.

     10,525         487,202   
     

 

 

 
Total Pharmaceuticals         24,327,126   
Professional Services – 0.3%      

Equifax, Inc.

     4,880         453,840   

Manpowergroup, Inc.

     3,669         316,084   

Robert Half International, Inc.

     5,717         345,993   
     

 

 

 
Total Professional Services         1,115,917   
Real Estate Management & Development – 0.0%      

Jones Lang LaSalle, Inc.

     576         98,150   
Road & Rail – 2.4%      

Con-way, Inc.

     2,255         99,513   

CSX Corp.

     57,356         1,899,631   

JB Hunt Transport Services, Inc.

     3,485         297,601   

Kansas City Southern

     3,452         352,380   

Knight Transportation, Inc.(a)

     1,791         57,760   

Landstar System, Inc.(a)

     835         55,360   

Norfolk Southern Corp.

     21,479         2,210,619   

Ryder System, Inc.

     2,821         267,685   

Union Pacific Corp.

     48,941         5,300,800   
     

 

 

 
Total Road & Rail         10,541,349   
Semiconductors & Semiconductor Equipment – 3.8%      

Altera Corp.

     13,425         576,067   

Analog Devices, Inc.

     18,849         1,187,487   

Intel Corp.

     291,275         9,108,169   

Linear Technology Corp.(a)

     12,844         601,099   

Microchip Technology, Inc.(a)

     14,857         726,507   

NVIDIA Corp.

     22,388         468,469   

Skyworks Solutions, Inc.

     3,160         310,597   

Teradyne, Inc.

     5,991         112,930   

Texas Instruments, Inc.

     61,305         3,505,727   

Xilinx, Inc.

     15,273         646,048   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         17,243,100   
Software – 4.8%      

Activision Blizzard, Inc.

     16,349         371,531   

FactSet Research Systems, Inc.(a)

     1,126         179,259   

Intuit, Inc.

     6,948         673,678   

Microsoft Corp.

     362,232         14,726,542   

Oracle Corp.

     121,064         5,223,912   

SS&C Technologies Holdings, Inc.

     1,726         107,530   
     

 

 

 
Total Software         21,282,452   
Specialty Retail – 4.1%      

Advance Auto Parts, Inc.

     362         54,188   

Dick’s Sporting Goods, Inc.

     3,149         179,461   

DSW, Inc. Class A

     5,215         192,329   

Foot Locker, Inc.

     6,836         430,668   

Gap, Inc. (The)

     29,591         1,282,178   

GNC Holdings, Inc. Class A

     4,066         199,519   
     

Home Depot, Inc. (The)

     78,535       $ 8,922,361   

Lowe’s Cos., Inc.

     43,382         3,227,187   

Penske Automotive Group, Inc.

     4,878         251,168   

Ross Stores, Inc.

     6,022         634,478   

Tiffany & Co.

     5,744         505,529   

TJX Cos., Inc. (The)

     22,933         1,606,457   

Tractor Supply Co.(a)

     3,445         293,032   

Williams-Sonoma, Inc.

     5,514         439,521   
     

 

 

 
Total Specialty Retail         18,218,076   
Technology Hardware, Storage & Peripherals – 4.9%      

Apple, Inc.

     154,980         19,284,161   

EMC Corp.

     74,764         1,910,968   

NetApp, Inc.

     11,720         415,591   

SanDisk Corp.(a)

     6,051         384,965   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         21,995,685   
Textiles, Apparel & Luxury Goods – 1.5%      

Carter’s, Inc.

     1,483         137,133   

Coach, Inc.(a)

     32,783         1,358,200   

Columbia Sportswear Co.(a)

     2,867         174,600   

Hanesbrands, Inc.

     13,724         459,891   

NIKE, Inc. Class B

     24,610         2,469,121   

Ralph Lauren Corp.

     1,927         253,401   

VF Corp.

     23,504         1,770,086   

Wolverine World Wide, Inc.(a)

     2,709         90,616   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         6,713,048   
Tobacco – 2.9%      

Altria Group, Inc.

     256,138         12,812,023   
Trading Companies & Distributors – 0.5%      

Air Lease Corp.

     1,486         56,082   

Fastenal Co.(a)

     20,072         831,683   

MSC Industrial Direct Co., Inc. Class A(a)

     3,098         223,676   

W.W. Grainger, Inc.(a)

     3,703         873,204   

Watsco, Inc.

     2,207         277,420   
     

 

 

 
Total Trading Companies & Distributors         2,262,065   

TOTAL COMMON STOCKS

(Cost: $425,482,622)

  

  

     447,695,587   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.7%      
United States – 3.7%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $16,502,899)(c)      16,502,899         16,502,899   

TOTAL INVESTMENTS IN SECURITIES – 103.6%

(Cost: $441,985,521)

  

  

     464,198,486   

Liabilities in Excess of Cash and Other Assets – (3.6)%

  

     (16,040,520
     

 

 

 
NET ASSETS – 100.0%       $ 448,157,966   

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $24,032,649 and the total market value of the collateral held by the Fund was $24,581,053. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $8,078,154. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

108   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.8%      
United States – 99.8%      
Aerospace & Defense – 0.5%      

AAR Corp.

     1,762       $ 54,093   

HEICO Corp.(a)

     230         14,046   

HEICO Corp. Class A

     436         21,600   

National Presto Industries, Inc.(a)

     471         29,857   
     

 

 

 
Total Aerospace & Defense         119,596   
Air Freight & Logistics – 0.4%      

Forward Air Corp.

     1,182         64,183   

Park-Ohio Holdings Corp.

     400         21,068   
     

 

 

 
Total Air Freight & Logistics         85,251   
Auto Components – 1.2%      

Cooper Tire & Rubber Co.(a)

     3,225         138,159   

Remy International, Inc.(a)

     2,823         62,699   

Standard Motor Products, Inc.(a)

     1,299         54,896   

Strattec Security Corp.(a)

     75         5,538   
     

 

 

 
Total Auto Components         261,292   
Banks – 4.1%      

BancFirst Corp.(a)

     1,337         81,530   

Bank of Hawaii Corp.(a)

     5,479         335,370   

CoBiz Financial, Inc.

     2,086         25,700   

CVB Financial Corp.(a)

     10,963         174,750   

German American Bancorp, Inc.(a)

     1,057         31,107   

Hanmi Financial Corp.

     1,641         34,707   

Lakeland Financial Corp.(a)

     1,348         54,702   

Mercantile Bank Corp.

     1,478         28,895   

Preferred Bank(a)

     846         23,240   

South State Corp.(a)

     1,319         90,206   

Stock Yards Bancorp, Inc.(a)

     1,620         55,777   
     

 

 

 
Total Banks         935,984   
Building Products – 0.8%      

AAON, Inc.(a)

     1,860         45,626   

Insteel Industries, Inc.

     414         8,955   

Simpson Manufacturing Co., Inc.

     3,294         123,096   
     

 

 

 
Total Building Products         177,677   
Capital Markets – 3.6%      

Arlington Asset Investment Corp. Class A(a)

     11,546         277,797   

Cohen & Steers, Inc.(a)

     3,762         154,054   

Evercore Partners, Inc. Class A

     3,255         168,153   

Financial Engines, Inc.(a)

     1,476         61,741   

GAMCO Investors, Inc. Class A

     91         7,144   

Pzena Investment Management, Inc. Class A(a)

     645         5,915   

Silvercrest Asset Management Group, Inc. Class A(a)

     999         14,236   

Virtus Investment Partners, Inc.

     406         53,092   

Westwood Holdings Group, Inc.

     1,010         60,903   
     

 

 

 
Total Capital Markets         803,035   
Chemicals – 5.1%      

A. Schulman, Inc.(a)

     2,531         121,994   

Balchem Corp.

     499         27,635   

Chase Corp.

     496         21,690   
     

FutureFuel Corp.(a)

     6,958       $ 71,459   

H.B. Fuller Co.(a)

     2,302         98,687   

Hawkins, Inc.

     797         30,278   

Innophos Holdings, Inc.

     3,075         173,307   

Innospec, Inc.

     1,291         59,889   

Minerals Technologies, Inc.

     416         30,410   

Olin Corp.(a)

     11,137         356,829   

Quaker Chemical Corp.

     768         65,772   

Stepan Co.

     1,717         71,530   

Zep, Inc.

     1,334         22,718   
     

 

 

 
Total Chemicals         1,152,198   
Commercial Services & Supplies – 7.2%      

ABM Industries, Inc.

     4,986         158,854   

CECO Environmental Corp.(a)

     1,797         19,066   

G&K Services, Inc. Class A(a)

     1,513         109,738   

HNI Corp.(a)

     3,634         200,488   

Interface, Inc.

     2,653         55,129   

Kimball International, Inc. Class B(a)

     2,873         30,109   

Knoll, Inc.

     4,935         115,627   

Matthews International Corp. Class A

     1,483         76,389   

McGrath RentCorp

     2,948         97,019   

Mobile Mini, Inc.(a)

     3,282         139,945   

MSA Safety, Inc.

     3,598         179,468   

Steelcase, Inc. Class A

     8,583         162,562   

Tetra Tech, Inc.(a)

     2,701         64,878   

U.S. Ecology, Inc.(a)

     1,573         78,603   

UniFirst Corp.

     84         9,886   

United Stationers, Inc.(a)

     2,172         89,030   

Viad Corp.(a)

     1,226         34,107   
     

 

 

 
Total Commercial Services & Supplies         1,620,898   
Communications Equipment – 1.8%      

ADTRAN, Inc.(a)

     3,702         69,116   

Alliance Fiber Optic Products, Inc.

     813         14,162   

Comtech Telecommunications Corp.

     2,471         71,535   

InterDigital, Inc.(a)

     2,263         114,825   

Plantronics, Inc.(a)

     1,964         103,994   

TESSCO Technologies, Inc.(a)

     930         22,934   
     

 

 

 
Total Communications Equipment         396,566   
Construction & Engineering – 0.1%      

Primoris Services Corp.(a)

     1,482         25,476   
Construction Materials – 0.0%      

United States Lime & Minerals, Inc.

     155         9,998   
Consumer Finance – 0.1%      

Cash America International, Inc.(a)

     755         17,592   
Containers & Packaging – 1.0%      

Greif, Inc. Class A

     3,750         147,263   

Myers Industries, Inc.(a)

     3,989         69,927   
     

 

 

 
Total Containers & Packaging         217,190   
Distributors – 1.0%      

Core-Mark Holding Co., Inc.

     758         48,755   

Pool Corp.

     2,457         171,400   
     

 

 

 
Total Distributors         220,155   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      109   


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Diversified Consumer Services – 0.3%      

Capella Education Co.

     973       $ 63,128   

Carriage Services, Inc.

     398         9,501   
     

 

 

 
Total Diversified Consumer Services         72,629   
Diversified Financial Services – 0.7%      

Gain Capital Holdings, Inc.(a)

     4,001         39,090   

MarketAxess Holdings, Inc.(a)

     1,377         114,153   
     

 

 

 
Total Diversified Financial Services         153,243   
Diversified Telecommunication Services – 0.9%      

Atlantic Tele-Network, Inc.(a)

     1,079         74,688   

IDT Corp. Class B

     3,214         57,049   

Inteliquent, Inc.

     4,423         69,618   
     

 

 

 
Total Diversified Telecommunication Services         201,355   
Electrical Equipment – 1.0%      

Allied Motion Technologies, Inc.

     193         6,406   

AZZ, Inc.(a)

     1,367         63,688   

Encore Wire Corp.

     195         7,387   

Franklin Electric Co., Inc.(a)

     1,888         72,008   

Global Power Equipment Group, Inc.(a)

     1,828         24,130   

LSI Industries, Inc.

     566         4,613   

Powell Industries, Inc.

     1,066         35,999   

Preformed Line Products Co.

     349         14,703   
     

 

 

 
Total Electrical Equipment         228,934   
Electronic Equipment, Instruments & Components – 2.6%      

Badger Meter, Inc.(a)

     785         47,053   

CTS Corp.(a)

     1,261         22,685   

Daktronics, Inc.(a)

     5,681         61,412   

Dolby Laboratories, Inc. Class A

     1,853         70,711   

Littelfuse, Inc.

     938         93,228   

Mesa Laboratories, Inc.(a)

     132         9,530   

Methode Electronics, Inc.

     1,577         74,182   

MTS Systems Corp.(a)

     1,059         80,113   

Vishay Intertechnology, Inc.(a)

     9,730         134,469   
     

 

 

 
Total Electronic Equipment, Instruments & Components         593,383   
Energy Equipment & Services – 3.2%      

Bristow Group, Inc.(a)

     3,005         163,623   

CARBO Ceramics, Inc.(a)

     3,467         105,778   

Patterson-UTI Energy, Inc.(a)

     16,106         302,390   

U.S. Silica Holdings, Inc.(a)

     4,387         156,221   
     

 

 

 
Total Energy Equipment & Services         728,012   
Food & Staples Retailing – 0.7%      

Ingles Markets, Inc. Class A(a)

     1,122         55,517   

Liberator Medical Holdings, Inc.(a)

     6,655         23,292   

Weis Markets, Inc.

     1,624         80,810   
     

 

 

 
Total Food & Staples Retailing         159,619   
Food Products – 3.5%      

Alico, Inc.(a)

     173         8,868   

B&G Foods, Inc.(a)

     9,747         286,854   

Cal-Maine Foods, Inc.(a)

     3,248         126,867   

Calavo Growers, Inc.(a)

     1,118         57,488   

J&J Snack Foods Corp.

     886         94,536   
     

Lancaster Colony Corp.

     2,169       $ 206,424   

Limoneira Co.(a)

     423         9,221   
     

 

 

 
Total Food Products         790,258   
Gas Utilities – 1.5%      

Delta Natural Gas Co., Inc.

     686         13,343   

New Jersey Resources Corp.

     10,220         317,433   
     

 

 

 
Total Gas Utilities         330,776   
Health Care Equipment & Supplies – 2.4%      

Abaxis, Inc.(a)

     626         40,133   

Analogic Corp.

     235         21,362   

Atrion Corp.(a)

     68         23,495   

Cantel Medical Corp.

     382         18,145   

CONMED Corp.(a)

     2,000         100,980   

CryoLife, Inc.(a)

     1,317         13,657   

Hill-Rom Holdings, Inc.

     3,046         149,254   

Meridian Bioscience, Inc.(a)

     8,001         152,659   

Utah Medical Products, Inc.

     276         16,521   
     

 

 

 
Total Health Care Equipment & Supplies         536,206   
Health Care Providers & Services – 3.4%      

Aceto Corp.(a)

     1,332         29,304   

Chemed Corp.(a)

     550         65,670   

Ensign Group, Inc. (The)

     585         27,413   

Landauer, Inc.(a)

     2,389         83,950   

National Healthcare Corp.(a)

     913         58,167   

Owens & Minor, Inc.(a)

     7,424         251,228   

Select Medical Holdings Corp.(a)

     14,875         220,596   

U.S. Physical Therapy, Inc.

     572         27,170   
     

 

 

 
Total Health Care Providers & Services         763,498   
Health Care Technology – 0.4%      

Computer Programs & Systems, Inc.(a)

     1,715         93,056   
Hotels, Restaurants & Leisure – 4.5%      

Cheesecake Factory, Inc. (The)(a)

     2,651         130,774   

Churchill Downs, Inc.

     742         85,308   

DineEquity, Inc.

     2,625         280,901   

Interval Leisure Group, Inc.(a)

     4,744         124,340   

Marcus Corp. (The)

     1,722         36,661   

Papa John’s International, Inc.(a)

     1,577         97,474   

Sonic Corp.

     2,770         87,809   

Texas Roadhouse, Inc.(a)

     5,083         185,174   
     

 

 

 
Total Hotels, Restaurants & Leisure         1,028,441   
Household Durables – 2.1%      

Bassett Furniture Industries, Inc.

     704         20,078   

Ethan Allen Interiors, Inc.(a)

     1,853         51,217   

Hooker Furniture Corp.(a)

     1,067         20,326   

La-Z-Boy, Inc.(a)

     2,555         71,821   

Lennar Corp. Class B

     568         23,345   

Lifetime Brands, Inc.(a)

     483         7,380   

MDC Holdings, Inc.(a)

     7,812         222,642   

NACCO Industries, Inc. Class A

     416         22,044   

Ryland Group, Inc. (The)

     603         29,390   
     

 

 

 
Total Household Durables         468,243   

 

See Notes to Financial Statements.

 

110   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Household Products – 0.4%      

WD-40 Co.

     1,020       $ 90,311   
Industrial Conglomerates – 0.3%      

Raven Industries, Inc.(a)

     3,524         72,101   
Insurance – 2.8%      

AMERISAFE, Inc.

     856         39,590   

Employers Holdings, Inc.

     1,406         37,948   

HCI Group, Inc.(a)

     1,109         50,870   

National Interstate Corp.

     1,251         35,128   

ProAssurance Corp.

     5,718         262,513   

RLI Corp.(a)

     2,709         141,979   

Universal Insurance Holdings, Inc.

     2,736         70,014   
     

 

 

 
Total Insurance         638,042   
Internet & Catalog Retail – 0.3%      

PetMed Express, Inc.(a)

     4,031         66,592   
IT Services – 1.3%      

Computer Task Group, Inc.

     2,069         15,124   

Convergys Corp.(a)

     5,515         126,128   

CSG Systems International, Inc.(a)

     3,478         105,696   

Hackett Group, Inc. (The)

     1,686         15,073   

Heartland Payment Systems, Inc.

     916         42,915   
     

 

 

 
Total IT Services         304,936   
Leisure Products – 0.5%      

Arctic Cat, Inc.(a)

     780         28,329   

Johnson Outdoors, Inc. Class A

     398         13,178   

Sturm Ruger & Co., Inc.

     1,249         61,988   
     

 

 

 
Total Leisure Products         103,495   
Machinery – 5.9%      

Actuant Corp. Class A(a)

     369         8,760   

Alamo Group, Inc.

     273         17,235   

Albany International Corp. Class A

     2,028         80,613   

Altra Industrial Motion Corp.(a)

     1,854         51,245   

American Railcar Industries, Inc.(a)

     2,755         137,006   

Astec Industries, Inc.(a)

     1,000         42,880   

Barnes Group, Inc.

     2,978         120,579   

CIRCOR International, Inc.

     187         10,229   

Columbus McKinnon Corp.

     482         12,985   

Dynamic Materials Corp.

     505         6,449   

Federal Signal Corp.

     1,962         30,980   

Gorman-Rupp Co. (The)(a)

     1,426         42,709   

Graham Corp.(a)

     221         5,297   

Greenbrier Cos., Inc. (The)(a)

     1,418         82,244   

Hardinge, Inc.

     345         4,002   

Hillenbrand, Inc.(a)

     6,158         190,097   

Hyster-Yale Materials Handling, Inc.

     735         53,868   

John Bean Technologies Corp.

     1,283         45,829   

Kadant, Inc.

     651         34,249   

L.B. Foster Co. Class A

     140         6,647   

Lindsay Corp.

     591         45,064   

Mueller Industries, Inc.

     2,056         74,283   

NN, Inc.(a)

     1,105         27,713   

Standex International Corp.

     325         26,692   

Sun Hydraulics Corp.(a)

     988         40,864   
     

Supreme Industries, Inc. Class A(a)

     784       $ 6,139   

Tennant Co.

     856         55,957   

Twin Disc, Inc.(a)

     838         14,807   

Watts Water Technologies, Inc. Class A

     1,138         62,624   
     

 

 

 
Total Machinery         1,338,046   
Media – 1.2%      

Meredith Corp.(a)

     4,740         264,350   

Saga Communications, Inc. Class A(a)

     282         12,560   
     

 

 

 
Total Media         276,910   
Metals & Mining – 2.9%      

Carpenter Technology Corp.(a)

     3,217         125,077   

Commercial Metals Co.(a)

     14,331         232,019   

Gold Resource Corp.(a)

     7,686         24,518   

Kaiser Aluminum Corp.(a)

     1,376         105,801   

Materion Corp.

     809         31,090   

Worthington Industries, Inc.(a)

     5,486         145,982   
     

 

 

 
Total Metals & Mining         664,487   
Oil, Gas & Consumable Fuels – 3.3%      

Adams Resources & Energy, Inc.

     357         23,994   

Delek U.S. Holdings, Inc.

     5,316         211,311   

Panhandle Oil and Gas, Inc. Class A(a)

     581         11,498   

PBF Energy, Inc. Class A(a)

     14,458         490,415   
     

 

 

 
Total Oil, Gas & Consumable Fuels         737,218   
Paper & Forest Products – 1.8%      

Deltic Timber Corp.(a)

     316         20,935   

Neenah Paper, Inc.

     1,382         86,430   

PH Glatfelter Co.

     3,076         84,682   

Schweitzer-Mauduit International, Inc.

     4,472         206,249   
     

 

 

 
Total Paper & Forest Products         398,296   
Personal Products – 2.5%      

Inter Parfums, Inc.(a)

     2,253         73,493   

Nu Skin Enterprises, Inc. Class A(a)

     8,035         483,787   
     

 

 

 
Total Personal Products         557,280   
Professional Services – 1.6%      

Corporate Executive Board Co. (The)

     1,998         159,560   

Exponent, Inc.

     654         58,141   

Insperity, Inc.

     2,421         126,594   

VSE Corp.(a)

     173         14,165   
     

 

 

 
Total Professional Services         358,460   
Real Estate Investment Trusts (REITs) – 2.1%      

Potlatch Corp.(a)

     5,465         218,818   

Saul Centers, Inc.

     2,164         123,781   

Universal Health Realty Income Trust

     2,352         132,300   
     

 

 

 
Total Real Estate Investment Trusts (REITs)         474,899   
Road & Rail – 0.6%      

ArcBest Corp.(a)

     572         21,673   

Celadon Group, Inc.

     375         10,208   

Heartland Express, Inc.

     1,073         25,495   

Universal Truckload Services, Inc.(a)

     1,184         29,813   

Werner Enterprises, Inc.(a)

     1,884         59,176   
     

 

 

 
Total Road & Rail         146,365   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      111   


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

March 31, 2015

 

  

 

 

Investments    Shares      Value  
     
Semiconductors & Semiconductor Equipment – 1.7%      

Integrated Silicon Solution, Inc.

     1,799       $ 32,184   

IXYS Corp.

     1,429         17,605   

Micrel, Inc.

     3,283         49,508   

MKS Instruments, Inc.

     3,817         129,053   

Monolithic Power Systems, Inc.

     1,888         99,403   

Power Integrations, Inc.

     1,089         56,715   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         384,468   
Software – 1.7%      

Blackbaud, Inc.

     2,024         95,897   

Ebix, Inc.(a)

     2,732         82,998   

Fair Isaac Corp.(a)

     146         12,953   

Mentor Graphics Corp.(a)

     4,209         101,142   

Monotype Imaging Holdings, Inc.

     1,818         59,340   

Pegasystems, Inc.(a)

     1,814         39,455   
     

 

 

 
Total Software         391,785   
Specialty Retail – 8.8%      

Aaron’s, Inc.(a)

     967         27,376   

Abercrombie & Fitch Co. Class A(a)

     8,152         179,670   

Big 5 Sporting Goods Corp.

     2,705         35,895   

Buckle, Inc. (The)(a)

     3,376         172,480   

Cato Corp. (The) Class A

     3,033         120,107   

Chico’s FAS, Inc.(a)

     11,642         205,947   

Children’s Place, Inc. (The)(a)

     831         53,342   

Destination Maternity Corp.(a)

     2,842         42,800   

Finish Line, Inc. (The) Class A

     2,110         51,737   

Group 1 Automotive, Inc.(a)

     827         71,395   

Guess?, Inc.(a)

     14,867         276,377   

Haverty Furniture Cos., Inc.

     1,243         30,926   

Lithia Motors, Inc. Class A(a)

     716         71,178   

Men’s Wearhouse, Inc. (The)(a)

     3,304         172,469   

Monro Muffler Brake, Inc.(a)

     1,154         75,068   

Pier 1 Imports, Inc.(a)

     6,349         88,759   

Rent-A-Center, Inc.(a)

     6,164         169,140   

Sonic Automotive, Inc. Class A(a)

     588         14,641   

Stage Stores, Inc.(a)

     3,557         81,526   

Stein Mart, Inc.(a)

     3,624         45,119   

Winmark Corp.(a)

     52         4,554   
     

 

 

 
Total Specialty Retail         1,990,506   
Technology Hardware, Storage & Peripherals – 1.7%      

Astro-Med, Inc.

     362         5,064   

Lexmark International, Inc. Class A(a)

     8,831         373,905   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         378,969   
Textiles, Apparel & Luxury Goods – 0.5%      

Culp, Inc.

     482         12,894   

Movado Group, Inc.(a)

     1,052         30,003   

Oxford Industries, Inc.(a)

     965         72,809   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         115,706   
Thrifts & Mortgage Finance – 0.1%      

Federal Agricultural Mortgage Corp. Class C

     776         21,875   
     
Trading Companies & Distributors – 3.5%      

Applied Industrial Technologies, Inc.

     3,687       $ 167,168   

H&E Equipment Services, Inc.

     5,228         130,648   

Houston Wire & Cable Co.(a)

     2,715         26,417   

Kaman Corp.(a)

     1,792         76,034   

TAL International Group, Inc.*

     9,622         391,904   
     

 

 

 
Total Trading Companies & Distributors         792,171   
Wireless Telecommunication Services – 0.2%      

Spok Holdings, Inc.

     2,637         50,551   

TOTAL COMMON STOCKS

(Cost: $21,312,291)

  

  

     22,544,030   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 29.5%      
United States – 29.5%      

State Street Navigator Securities Lending Prime Portfolio, 0.16%(b)

     
(Cost: $6,678,538)(c)      6,678,538         6,678,538   

TOTAL INVESTMENTS IN SECURITIES – 129.3%

(Cost: $27,990,829)

  

  

     29,222,568   

Liabilities in Excess of Cash and Other Assets – (29.3)%

  

     (6,628,916
     

 

 

 
NET ASSETS – 100.0%       $ 22,593,652   

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2015 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2015.

 

(c) 

At March 31, 2015, the total market value of the Fund’s securities on loan was $6,757,045 and the total market value of the collateral held by the Fund was $6,923,012. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $244,474. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

112   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Statements of Assets and Liabilities

WisdomTree Domestic Earnings and Dividend Funds

March 31, 2015

 

  

 

 

    

WisdomTree

Dividend

ex-Financials Fund

    WisdomTree
Earnings
500 Fund
   

WisdomTree

Equity
Income Fund

   

WisdomTree

LargeCap

Dividend Fund

   

WisdomTree
LargeCap

Value Fund

 

ASSETS:

         

Investments, at cost

  $ 1,234,060,069      $ 146,008,276      $ 1,062,944,131      $ 1,942,452,558      $ 27,616,441   

Investment in affiliates, at cost (Note 7)

    5,937,132        156,930        1,936,253        2,439,197        45,802   

Investments in securities, at value (including securities on loan) (Note 2)1

    1,364,279,952        169,037,968        1,129,845,864        2,179,152,561        32,597,978   

Investment in affiliates, at value (Note 7)

    6,001,593        158,834        1,968,955        2,427,941        50,137   

Cash

    1,000,645        45,499        717,625        959,052        12,075   

Receivables:

         

Dividends and interest

    2,447,753        174,159        2,983,603        3,873,607        23,186   

Investment securities sold

    3,765,077                               

Total Assets

    1,377,495,020        169,416,460        1,135,516,047        2,186,413,161        32,683,376   

LIABILITIES:

         

Payables:

         

Investment of cash collateral for securities loaned (Note 2)

    122,329,678        29,996,556        75,306,277        79,265,430        6,163,855   

Capital shares redeemed

    3,768,737                               

Advisory fees (Note 3)

    405,127        33,330        356,390        521,315        8,573   

Service fees (Note 2)

    4,717        526        4,135        8,206        99   

Total Liabilities

    126,508,259        30,030,412        75,666,802        79,794,951        6,172,527   

NET ASSETS

  $ 1,250,986,761      $ 139,386,048      $ 1,059,849,245      $ 2,106,618,210      $ 26,510,849   

NET ASSETS:

         

Paid-in capital

  $ 1,215,366,446      $ 135,693,150      $ 1,058,206,963      $ 1,941,989,255      $ 29,993,453   

Undistributed net investment income

    1,544,980        68,476        1,451,628        1,613,503        12,607   

Accumulated net realized loss on investments

    (96,209,009     (19,407,174     (66,743,781     (73,673,295     (8,481,083

Net unrealized appreciation on investments

    130,284,344        23,031,596        66,934,435        236,688,747        4,985,872   

NET ASSETS

  $ 1,250,986,761      $ 139,386,048      $ 1,059,849,245      $ 2,106,618,210      $ 26,510,849   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

    16,500,000        1,950,000        17,450,000        28,750,000        400,000   

Net asset value per share

  $ 75.82      $ 71.48      $ 60.74      $ 73.27      $ 66.28   
1 

Market value of securities out on loan were as follows: $162,766,933, $38,870,282, $96,121,142, $119,941,622 and $7,784,735, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      113   


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Domestic Earnings and Dividend Funds

March 31, 2015

 

  

 

 

     

WisdomTree
MidCap

Dividend Fund

     WisdomTree
MidCap
Earnings Fund
    

WisdomTree
SmallCap

Dividend Fund

     WisdomTree
SmallCap
Earnings Fund
     WisdomTree
Total Dividend
Fund
 

ASSETS:

              

Investments, at cost

   $ 1,759,922,019       $ 798,022,063       $ 1,420,190,504       $ 518,537,728       $ 510,564,981   

Investment in affiliates, at cost (Note 7)

     2,745,418         2,658,754         1,672,451         1,126,756         1,081,960   

Investments in securities, at value (including securities on loan) (Note 2)1

     1,925,746,221         875,398,399         1,550,821,653         547,000,732         616,947,182   

Investment in affiliates, at value (Note 7)

     2,739,441         2,841,673         1,781,942         1,153,993         1,129,266   

Cash

     1,391,484         209,708         1,249,840         212,618         301,129   

Receivables:

              

Dividends and interest

     3,162,472         761,257         2,507,169         407,667         1,097,381   

Investment securities sold

                             534,560           

Total Assets

     1,933,039,618         879,211,037         1,556,360,604         549,309,570         619,474,958   

LIABILITIES:

              

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     336,632,911         141,443,372         306,020,247         126,452,081         36,470,254   

Investment securities purchased

                     1,010,481         598,141           

Advisory fees (Note 3)

     505,103         233,290         393,003         136,459         140,217   

Service fees (Note 2)

     5,862         2,717         4,566         1,585         2,208   

Total Liabilities

     337,143,876         141,679,379         307,428,297         127,188,266         36,612,679   

NET ASSETS

   $ 1,595,895,742       $ 737,531,658       $ 1,248,932,307       $ 422,121,304       $ 582,862,279   

NET ASSETS:

              

Paid-in capital

   $ 1,433,430,468       $ 682,804,683       $ 1,188,767,744       $ 427,080,985       $ 499,566,007   

Undistributed net investment income

     1,981,151         144,332         1,035,913         198,054         596,466   

Accumulated net realized loss on investments

     (5,334,102      (22,976,612      (71,611,990      (33,647,976      (23,729,701

Net unrealized appreciation on investments

     165,818,225         77,559,255         130,740,640         28,490,241         106,429,507   

NET ASSETS

   $ 1,595,895,742       $ 737,531,658       $ 1,248,932,307       $ 422,121,304       $ 582,862,279   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     18,550,000         7,650,000         17,350,000         5,000,000         7,850,000   

Net asset value per share

   $ 86.03       $ 96.41       $ 71.98       $ 84.42       $ 74.25   

 

1 

Market value of securities out on loan were as follows: $369,701,609, $159,170,519, $318,884,033, $126,317,093 and $50,402,738, respectively.

 

See Notes to Financial Statements.

 

114   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Domestic Earnings and Dividend Funds

March 31, 2015

 

  

 

 

     

WisdomTree

Total
Earnings Fund

    

WisdomTree

U.S. Dividend
Growth Fund

     WisdomTree
U.S. SmallCap
Dividend
Growth Fund
 

ASSETS:

        

Investments, at cost

   $ 113,931,904       $ 441,985,521       $ 27,990,829   

Investments in securities, at value (including securities on loan) (Note 2)1

     132,963,768         464,198,486         29,222,568   

Cash

     36,469         763,111         14,563   

Receivables:

        

Capital shares sold

             3,111,138           

Dividends and interest

     130,947         393,457         42,301   

Total Assets

     133,131,184         468,466,192         29,279,432   

LIABILITIES:

        

Payables:

        

Investment of cash collateral for securities loaned (Note 2)

     25,896,098         16,502,899         6,678,538   

Investment securities purchased

             3,700,127           

Advisory fees (Note 3)

     25,656         103,572         7,159   

Service fees (Note 2)

     403         1,628         83   

Total Liabilities

     25,922,157         20,308,226         6,685,780   

NET ASSETS

   $ 107,209,027       $ 448,157,966       $ 22,593,652   

NET ASSETS:

        

Paid-in capital

   $ 93,636,142       $ 427,830,046       $ 22,414,135   

Undistributed net investment income

     49,850         170,127         19,691   

Accumulated net realized loss on investments

     (5,508,829      (2,055,172      (1,071,913

Net unrealized appreciation on investments

     19,031,864         22,212,965         1,231,739   

NET ASSETS

   $ 107,209,027       $ 448,157,966       $ 22,593,652   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     1,450,000         14,350,000         750,000   

Net asset value per share

   $ 73.94       $ 31.23       $ 30.12   

 

1 

Market value of securities out on loan were as follows: $31,680,947, $24,032,649 and $6,757,045, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      115   


Table of Contents

Statements of Operations

WisdomTree Domestic Earnings and Dividend Funds

For the Year Ended March 31, 2015

 

  

 

 

      WisdomTree
Dividend
ex-Financials Fund
     WisdomTree
Earnings
500 Fund
     WisdomTree
Equity
Income Fund
     WisdomTree
LargeCap
Dividend Fund
     WisdomTree
LargeCap
Value Fund
 

INVESTMENT INCOME:

              

Dividends

   $ 44,035,640       $ 2,621,358       $ 34,531,786       $ 59,807,256       $ 482,855   

Dividends from affiliates (Note 7)

     86,606         7,439         63,163         83,787         1,236   

Securities lending income (Note 2)

     1,004,265         43,488         394,791         152,764         12,254   

Total investment income

     45,126,511         2,672,285         34,989,740         60,043,807         496,345   

EXPENSES:

              

Advisory fees (Note 3)

     4,606,740         336,739         3,656,859         5,844,827         104,300   

Service fees (Note 2)

     53,341         5,292         42,342         91,847         1,208   

Proxy fees (Note 2)

     40,563         3,727         28,386         56,181         1,086   

Legal fees (Note 2)

                     2,564                   

Total expenses

     4,700,644         345,758         3,730,151         5,992,855         106,594   

Expense waivers (Note 3)

     (12,242      (225      (5,355      (4,986      (105

Net expenses

     4,688,402         345,533         3,724,796         5,987,869         106,489   

Net investment income

     40,438,109         2,326,752         31,264,944         54,055,938         389,856   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain from:

              

Investment transactions

     11,634,582         1,021,869         8,436,143         16,742,380         658,741   

Investment transactions in affiliates (Note 7)

     352,434         41,751         197,276         307,186         10,479   

In-kind redemptions

     88,939,440         9,049,960         91,493,275         253,876,218         3,618,404   

In-kind redemptions in affiliates (Note 7)

     3,526         3,986         33,337         54,269         676   

Net realized gain

     100,929,982         10,117,566         100,160,031         270,980,053         4,288,300   

Net change in unrealized depreciation on investments

     (13,005,302      (211,909      (41,482,698      (78,758,022      (860,084

Net realized and unrealized gain on investments

     87,924,680         9,905,657         58,677,333         192,222,031         3,428,216   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 128,362,789       $ 12,232,409       $ 89,942,277       $ 246,277,969       $ 3,818,072   

 

See Notes to Financial Statements.

 

116   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Statements of Operations (continued)

WisdomTree Domestic Earnings and Dividend Funds

For the Year Ended March 31, 2015

 

  

 

 

 

      WisdomTree
MidCap
Dividend Fund
     WisdomTree
MidCap
Earnings Fund
     WisdomTree
SmallCap
Dividend Fund
     WisdomTree
SmallCap
Earnings Fund
     WisdomTree
Total Dividend
Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 35,134,614       $ 9,754,418       $ 33,760,994       $ 6,036,329       $ 14,888,814   

Dividends from affiliates (Note 7)

     92,688         52,915         55,646         24,947         28,316   

Securities lending income (Note 2)

     1,971,542         876,154         1,493,892         837,818         167,701   

Total investment income

     37,198,844         10,683,487         35,310,532         6,899,094         15,084,831   

EXPENSES:

              

Advisory fees (Note 3)

     4,653,929         2,308,008         4,126,889         1,613,954         1,443,578   

Service fees (Note 2)

     53,889         26,724         47,785         18,688         22,685   

Proxy fees (Note 2)

     41,076         17,962         45,414         18,148         14,658   

Legal fees (Note 2)

     8,432                                 1,058   

Total expenses

     4,757,326         2,352,694         4,220,088         1,650,790         1,481,979   

Expense waivers (Note 3)

     (6,516      (4,749      (5,989      (1,992      (1,687

Net expenses

     4,750,810         2,347,945         4,214,099         1,648,798         1,480,292   

Net investment income

     32,448,034         8,335,542         31,096,433         5,250,296         13,604,539   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     38,605,562         (3,821,634      (19,080,423      (14,492,721      4,314,480   

Investment transactions in affiliates (Note 7)

     378,272         389,127         295,032         185,700         86,006   

In-kind redemptions

     85,757,072         57,318,993         88,540,272         51,795,815         31,316,551   

In-kind redemptions in affiliates (Note 7)

     2,251         36,046         20,972         33,504           

Net realized gain

     124,743,157         53,922,532         69,775,853         37,522,298         35,717,037   

Net change in unrealized appreciation (depreciation) on investments

     7,825,969         (1,974,745      (11,600,102      (22,953,050      4,486,777   

Net realized and unrealized gain on investments

     132,569,126         51,947,787         58,175,751         14,569,248         40,203,814   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 165,017,160       $ 60,283,329       $ 89,272,184       $ 19,819,544       $ 53,808,353   
1 

Net of foreign withholding tax of $0, $0, $0, $1,813 and $0, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      117   


Table of Contents

Statements of Operations (concluded)

WisdomTree Domestic Earnings and Dividend Funds

For the Year Ended March 31, 2015

 

  

 

 

 

      WisdomTree
Total
Earnings Fund
     WisdomTree
U.S. Dividend
Growth Fund
     WisdomTree
U.S. SmallCap
Dividend
Growth Fund
 

INVESTMENT INCOME:

        

Dividends

   $ 1,924,102       $ 5,063,957       $ 630,718   

Securities lending income (Note 2)

     46,264         67,889         26,946   

Total investment income

     1,970,366         5,131,846         657,664   

EXPENSES:

        

Advisory fees (Note 3)

     255,170         579,410         92,916   

Service fees (Note 2)

     4,010         9,105         1,075   

Proxy fees (Note 2)

     2,065         4,600         1,233   

Total expenses

     261,245         593,115         95,224   

Net investment income

     1,709,121         4,538,731         562,440   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

        

Net realized gain (loss) from:

        

Investment transactions

     1,158,748         (1,835,643      (987,926

In-kind redemptions

     6,296,650         7,453,333         1,871,535   

Net realized gain

     7,455,398         5,617,690         883,609   

Net change in unrealized appreciation (depreciation) on investments

     (348,237      15,841,017         466,901   

Net realized and unrealized gain on investments

     7,107,161         21,458,707         1,350,510   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 8,816,282       $ 25,997,438       $ 1,912,950   

 

See Notes to Financial Statements.

 

118   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Statements of Changes in Net Assets

WisdomTree Domestic Earnings and Dividend Funds

 

 

  

 

 

    

WisdomTree

Dividend ex-Financials Fund

   

WisdomTree

Earnings 500 Fund

    WisdomTree
Equity Income Fund
 
    

For the

Year Ended

March 31, 2015

   

For the

Year Ended
March 31, 2014

   

For the

Year Ended
March 31, 2015

   

For the

Year Ended
March 31, 2014

   

For the

Year Ended
March 31, 2015

   

For the

Year Ended
March 31, 2014

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 40,438,109      $ 34,670,872      $ 2,326,752      $ 1,560,953      $ 31,264,944      $ 24,288,276   

Net realized gain on investments

    100,929,982        134,580,075        10,117,566        2,982,972        100,160,031        56,293,328   

Net change in unrealized appreciation (depreciation) on investments

    (13,005,302     4,421,897        (211,909     11,982,142        (41,482,698     16,131,047   

Net increase in net assets resulting from operations

    128,362,789        173,672,844        12,232,409        16,526,067        89,942,277        96,712,651   

DIVIDENDS:

           

Net investment income

    (39,456,992     (34,107,009     (2,297,699     (1,541,118     (30,019,168     (24,043,110

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    378,042,831        410,993,802        49,289,980        30,553,630        562,545,150        296,356,065   

Cost of shares redeemed

    (343,773,894     (517,547,568     (21,189,284     (9,541,453     (360,213,965     (211,015,650

Net increase (decrease) in net assets resulting from capital share transactions

    34,268,937        (106,553,766     28,100,696        21,012,177        202,331,185        85,340,415   

Net Increase in Net Assets

    123,174,734        33,012,069        38,035,406        35,997,126        262,254,294        158,009,956   

NET ASSETS:

           

Beginning of year

  $ 1,127,812,027      $ 1,094,799,958      $ 101,350,642      $ 65,353,516      $ 797,594,951      $ 639,584,995   

End of year

  $ 1,250,986,761      $ 1,127,812,027      $ 139,386,048      $ 101,350,642      $ 1,059,849,245      $ 797,594,951   

Undistributed net investment income included in net assets at end of year

  $ 1,544,980      $ 563,863      $ 68,476      $ 39,440      $ 1,451,628      $ 245,166   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    16,050,000        17,650,000        1,550,000        1,200,000        14,100,000        12,500,000   

Shares created

    4,950,000        6,150,000        700,000        500,000        9,250,000        5,500,000   

Shares redeemed

    (4,500,000     (7,750,000     (300,000     (150,000     (5,900,000     (3,900,000

Shares outstanding, end of year

    16,500,000        16,050,000        1,950,000        1,550,000        17,450,000        14,100,000   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      119   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Domestic Earnings and Dividend Funds

 

 

  

 

 

    

WisdomTree

LargeCap Dividend Fund

   

WisdomTree

LargeCap Value Fund

   

WisdomTree

MidCap Dividend Fund

 
    

For the

Year Ended
March 31, 2015

   

For the

Year Ended
March 31, 2014

   

For the

Year Ended
March 31, 2015

   

For the

Year Ended
March 31, 2014

   

For the

Year Ended
March 31, 2015

   

For the

Year Ended
March 31, 2014

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 54,055,938      $ 44,197,980      $ 389,856      $ 298,265      $ 32,448,034      $ 20,319,199   

Net realized gain on investments

    270,980,053        79,991,054        4,288,300        2,727,371        124,743,157        67,709,866   

Net change in unrealized appreciation (depreciation) on investments

    (78,758,022     148,011,024        (860,084     2,048,743        7,825,969        68,208,212   

Net increase in net assets resulting from operations

    246,277,969        272,200,058        3,818,072        5,074,379        165,017,160        156,237,277   

DIVIDENDS:

           

Net investment income

    (52,955,618     (43,683,007     (385,836     (291,377     (30,452,989     (20,516,140

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    895,710,195        395,758,079        17,435,834        2,899,364        765,348,105        503,244,191   

Cost of shares redeemed

    (804,300,296     (302,494,839     (20,714,417     (5,752,855     (297,164,121     (186,545,384

Net increase (decrease) in net assets resulting from capital share transactions

    91,409,899        93,263,240        (3,278,583     (2,853,491     468,183,984        316,698,807   

Net Increase in Net Assets

    284,732,250        321,780,291        153,653        1,929,511        602,748,155        452,419,944   

NET ASSETS:

           

Beginning of year

  $ 1,821,885,960      $ 1,500,105,669      $ 26,357,196      $ 24,427,685      $ 993,147,587      $ 540,727,643   

End of year

  $ 2,106,618,210      $ 1,821,885,960      $ 26,510,849      $ 26,357,196      $ 1,595,895,742      $ 993,147,587   

Undistributed net investment income included in net assets at end of year

  $ 1,613,503      $ 514,973      $ 12,607      $ 8,590      $ 1,981,151      $ 94,257   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    26,950,000        25,450,000        450,000        500,000        12,900,000        8,300,000   

Shares created

    12,750,000        6,300,000        300,000        50,000        9,250,000        7,150,000   

Shares redeemed

    (10,950,000     (4,800,000     (350,000     (100,000     (3,600,000     (2,550,000

Shares outstanding, end of year

    28,750,000        26,950,000        400,000        450,000        18,550,000        12,900,000   

 

See Notes to Financial Statements.

 

120   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Domestic Earnings and Dividend Funds

 

 

  

 

 

    

WisdomTree

MidCap Earnings Fund

   

WisdomTree

SmallCap Dividend Fund

   

WisdomTree

SmallCap Earnings Fund

 
    

For the

Year Ended
March 31, 2015

   

For the

Year Ended
March 31, 2014

   

For the

Year Ended
March 31, 2015

   

For the

Year Ended
March 31, 2014

   

For the

Year Ended
March 31, 2015

   

For the

Year Ended
March 31, 2014

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 8,335,542      $ 4,200,972      $ 31,096,433      $ 25,128,721      $ 5,250,296      $ 2,907,203   

Net realized gain on investments

    53,922,532        36,409,202        69,775,853        90,988,744        37,522,298        45,759,953   

Net change in unrealized appreciation (depreciation) on investments

    (1,974,745     40,916,860        (11,600,102     60,998,846        (22,953,050     22,070,784   

Net increase in net assets resulting from operations

    60,283,329        81,527,034        89,272,184        177,116,311        19,819,544        70,737,940   

DIVIDENDS:

           

Net investment income

    (8,472,389     (4,021,507     (31,680,603     (23,354,614     (5,168,210     (2,900,663

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    371,307,213        336,233,479        442,081,745        600,007,486        171,056,045        327,935,354   

Cost of shares redeemed

    (200,268,963     (110,699,237     (313,266,398     (244,794,543     (203,157,138     (136,888,576

Net increase (decrease) in net assets resulting from capital share transactions

    171,038,250        225,534,242        128,815,347        355,212,943        (32,101,093     191,046,778   

Net Increase (Decrease) in Net Assets

    222,849,190        303,039,769        186,406,928        508,974,640        (17,449,759     258,884,055   

NET ASSETS:

           

Beginning of year

  $ 514,682,468      $ 211,642,699      $ 1,062,525,379      $ 553,550,739      $ 439,571,063      $ 180,687,008   

End of year

  $ 737,531,658      $ 514,682,468      $ 1,248,932,307      $ 1,062,525,379      $ 422,121,304      $ 439,571,063   

Undistributed net investment income included in net assets at end of year

  $ 144,332      $ 285,894      $ 1,035,913      $ 1,774,107      $ 198,054      $ 87,016   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    5,800,000        3,000,000        15,550,000        9,700,000        5,400,000        2,850,000   

Shares created

    4,050,000        4,100,000        6,300,000        9,500,000        2,100,000        4,250,000   

Shares redeemed

    (2,200,000     (1,300,000     (4,500,000     (3,650,000     (2,500,000     (1,700,000

Shares outstanding, end of year

    7,650,000        5,800,000        17,350,000        15,550,000        5,000,000        5,400,000   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      121   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Domestic Earnings and Dividend Funds

 

 

  

 

 

     

WisdomTree

Total Dividend Fund

    

WisdomTree

Total Earnings Fund

    

WisdomTree

U.S. Dividend Growth Fund

 
     

For the

Year Ended
March 31, 2015

    

For the

Year Ended
March 31, 2014

    

For the

Year Ended
March 31, 2015

    

For the

Year Ended
March 31, 2014

    

For the

Year Ended
March 31, 2015

    

For the Period
May 22, 2013*
through

March 31, 2014

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

              

Net investment income

   $ 13,604,539       $ 9,634,825       $ 1,709,121       $ 1,085,874       $ 4,538,731       $ 1,127,369   

Net realized gain on investments

     35,717,037         13,208,775         7,455,398         2,189,435         5,617,690         1,942,703   

Net change in unrealized appreciation (depreciation) on investments

     4,486,777         37,963,223         (348,237      9,270,484         15,841,017         6,371,948   

Net increase in net assets resulting from operations

     53,808,353         60,806,823         8,816,282         12,545,793         25,997,438         9,442,020   

DIVIDENDS AND DISTRIBUTIONS:

                 

Net investment income

     (13,202,159      (9,428,544      (1,687,769      (1,072,580      (4,457,140      (1,038,746

Capital gains

                                     (5,475      (6,237

Total dividends and distributions

     (13,202,159      (9,428,544      (1,687,769      (1,072,580      (4,462,615      (1,044,983

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

     189,610,089         105,020,893         43,490,775         12,963,067         393,421,791         111,446,892   

Cost of shares redeemed

     (67,308,790      (33,082,009      (14,584,629      (6,590,806      (71,600,204      (15,042,473

Net increase in net assets resulting from capital share transactions

     122,301,299         71,938,884         28,906,146         6,372,261         321,821,587         96,404,419   

Net Increase in Net Assets

     162,907,493         123,317,163         36,034,659         17,845,474         343,356,410         104,801,456   

NET ASSETS:

                 

Beginning of period

   $ 419,954,786       $ 296,637,623       $ 71,174,368       $ 53,328,894       $ 104,801,556       $ 100   

End of period

   $ 582,862,279       $ 419,954,786       $ 107,209,027       $ 71,174,368       $ 448,157,966       $ 104,801,556   

Undistributed net investment income included in net assets at end of period

   $ 596,466       $ 206,281       $ 49,850       $ 28,540       $ 170,127       $ 88,623   

SHARES CREATED AND REDEEMED:

                 

Shares outstanding, beginning of period

     6,150,000         5,000,000         1,050,000         950,000         3,750,000         4   

Shares created

     2,600,000         1,650,000         600,000         200,000         12,900,000         4,300,000   

Shares redeemed

     (900,000      (500,000      (200,000      (100,000      (2,300,000      (550,004

Shares outstanding, end of period

     7,850,000         6,150,000         1,450,000         1,050,000         14,350,000         3,750,000   

 

* Commencement of operations.

 

See Notes to Financial Statements.

 

122   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Domestic Earnings and Dividend Funds

 

 

  

 

 

      WisdomTree
U.S. SmallCap Dividend Growth Fund
 
      For the
Year Ended
March 31, 2015
    

For the Period

July 25, 2013*
through
March 31, 2014

 

INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:

     

Net investment income

   $ 562,440       $ 209,941   

Net realized gain on investments

     883,609         1,003,327   

Net change in unrealized appreciation on investments

     466,901         764,838   

Net increase in net assets resulting from operations

     1,912,950         1,978,106   

DIVIDENDS AND DISTRIBUTIONS:

     

Net investment income

     (581,041      (171,649

Capital gains

     (1,702        

Total dividends and distributions

     (582,743      (171,649

CAPITAL SHARE TRANSACTIONS:

     

Net proceeds from sale of shares

     10,037,640         30,814,169   

Cost of shares redeemed

     (12,937,188      (8,457,733

Net increase (decrease) in net assets resulting from capital share transactions

     (2,899,548      22,356,436   

Net Increase (Decrease) in Net Assets

     (1,569,341      24,162,893   

NET ASSETS:

     

Beginning of period

   $ 24,162,993       $ 100   

End of period

   $ 22,593,652       $ 24,162,993   

Undistributed net investment income included in net assets at end of period

   $ 19,691       $ 38,292   

SHARES CREATED AND REDEEMED:

     

Shares outstanding, beginning of period

     850,000         4   

Shares created

     350,000         1,150,000   

Shares redeemed

     (450,000      (300,004

Shares outstanding, end of period

     750,000         850,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      123   


Table of Contents

Financial Highlights

WisdomTree Domestic Earnings and Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dividend ex-Financials Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 70.27      $ 62.03       $ 54.81       $ 50.13       $ 42.76   

Investment operations:

             

Net investment income1

     2.47        2.00         2.27         2.06         1.81   

Net realized and unrealized gain

     5.38        8.22         7.36         4.31         7.25   

Total from investment operations

     7.85        10.22         9.63         6.37         9.06   

Dividends to shareholders:

             

Net investment income

     (2.30     (1.98      (2.41      (1.69      (1.69

Net asset value, end of year

   $ 75.82      $ 70.27       $ 62.03       $ 54.81       $ 50.13   

TOTAL RETURN2

     11.27     16.75      18.18      12.99      21.68

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of year (000’s omitted)

   $ 1,250,987      $ 1,127,812       $ 1,094,800       $ 1,268,812       $ 343,382   

Ratios to average net assets3 of:

             

Expenses4

     0.39 %5      0.38      0.38      0.38      0.38

Net investment income

     3.34     3.06      4.08      4.05      3.99

Portfolio turnover rate6

     32     35      34      38      5

 

           
WisdomTree Earnings 500 Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 65.39      $ 54.46       $ 49.42      $ 45.59      $ 40.75   

Investment operations:

           

Net investment income1

     1.34        1.14         1.04        0.88        0.77   

Net realized and unrealized gain

     6.01        10.88         5.10        3.84        4.84   

Total from investment operations

     7.35        12.02         6.14        4.72        5.61   

Dividends to shareholders:

           

Net investment income

     (1.26     (1.09      (1.10     (0.89     (0.77

Net asset value, end of year

   $ 71.48      $ 65.39       $ 54.46      $ 49.42      $ 45.59   

TOTAL RETURN2

     11.28     22.24      12.66     10.60     13.99

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of year (000’s omitted)

   $ 139,386      $ 101,351       $ 65,354      $ 69,187      $ 63,832   

Ratios to average net assets3 of:

           

Expenses

     0.29 %4,5      0.28      0.28 %4      0.28 %4      0.28 %4 

Net investment income

     1.93     1.89      2.12     1.98     1.87

Portfolio turnover rate6

     16     15      13     16     12
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38% and 0.28%, for WisdomTree Dividend ex-Financials Fund and WisdomTree Earnings 500 Fund, respectively.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

124   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Earnings and Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Equity Income Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 56.57      $ 51.17       $ 44.81       $ 40.52       $ 35.12   

Investment operations:

             

Net investment income1

     1.95        1.77         1.82         1.66         1.61   

Net realized and unrealized gain

     4.03        5.37         6.40         4.15         5.33   

Total from investment operations

     5.98        7.14         8.22         5.81         6.94   

Dividends to shareholders:

             

Net investment income

     (1.81     (1.74      (1.86      (1.52      (1.54

Net asset value, end of year

   $ 60.74      $ 56.57       $ 51.17       $ 44.81       $ 40.52   

TOTAL RETURN2

     10.64     14.24      18.83      14.66      20.24

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of year (000’s omitted)

   $ 1,059,849      $ 797,595       $ 639,585       $ 427,918       $ 178,273   

Ratios to average net assets3 of:

             

Expenses4

     0.39 %5      0.38      0.38      0.38      0.38

Net investment income

     3.25     3.31      3.91      3.99      4.25

Portfolio turnover rate6

     27     30      28      22      8

 

           
WisdomTree LargeCap Dividend Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 67.60      $ 58.94       $ 52.98      $ 48.31      $ 42.56   

Investment operations:

           

Net investment income1

     1.86        1.65         1.61        1.45        1.33   

Net realized and unrealized gain

     5.59        8.64         6.00        4.59        5.68   

Total from investment operations

     7.45        10.29         7.61        6.04        7.01   

Dividends to shareholders:

           

Net investment income

     (1.78     (1.63      (1.65     (1.37     (1.26

Net asset value, end of year

   $ 73.27      $ 67.60       $ 58.94      $ 52.98      $ 48.31   

TOTAL RETURN2

     11.08     17.70      14.69     12.82     16.83

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of year (000’s omitted)

   $ 2,106,618      $ 1,821,886       $ 1,500,106      $ 1,205,215      $ 611,094   

Ratios to average net assets3 of:

           

Expenses

     0.29 %4,7      0.28      0.28 %4      0.28 %4      0.28 %4 

Net investment income

     2.59     2.62      2.97     3.02     3.04

Portfolio turnover rate6

     12     11      14     14     5
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      125   


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Earnings and Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

 

 

WisdomTree LargeCap Value Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 58.57      $ 48.86       $ 44.31       $ 43.02      $ 37.01   

Investment operations:

            

Net investment income1

     0.88        0.61         1.02         0.75        0.49   

Net realized and unrealized gain

     7.71        9.70         4.56         1.26        6.04   

Total from investment operations

     8.59        10.31         5.58         2.01        6.53   

Dividends to shareholders:

            

Net investment income

     (0.88     (0.60      (1.03      (0.72     (0.52

Net asset value, end of year

   $ 66.28      $ 58.57       $ 48.86       $ 44.31      $ 43.02   

TOTAL RETURN2

     14.73     21.20      12.81      4.83     17.86

RATIOS/SUPPLEMENTAL DATA:

            

Net assets, end of year (000’s omitted)

   $ 26,511      $ 26,357       $ 24,428       $ 31,015      $ 25,812   

Ratios to average net assets3 of:

            

Expenses

     0.39 %4,5      0.38      0.38      0.38 %5      0.38 %5 

Net investment income

     1.42     1.14      2.26      1.84     1.33

Portfolio turnover rate6

     63     67      65      62     6

 

           
WisdomTree MidCap Dividend Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 76.99      $ 65.15       $ 56.25       $ 54.01       $ 46.08   

Investment operations:

             

Net investment income1

     2.16        1.83         1.99         1.47         1.53   

Net realized and unrealized gain

     8.84        11.82         8.91         2.17         7.79   

Total from investment operations

     11.00        13.65         10.90         3.64         9.32   

Dividends to shareholders:

             

Net investment income

     (1.96     (1.81      (2.00      (1.40      (1.39

Net asset value, end of year

   $ 86.03      $ 76.99       $ 65.15       $ 56.25       $ 54.01   

TOTAL RETURN2

     14.46     21.24      19.96      6.99      20.60

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of year (000’s omitted)

   $ 1,595,896      $ 993,148       $ 540,728       $ 345,963       $ 256,552   

Ratios to average net assets3 of:

             

Expenses5

     0.39 %7      0.38      0.38      0.38      0.38

Net investment income

     2.65     2.58      3.46      2.81      3.16

Portfolio turnover rate6

     30     32      33      29      10

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

7 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%.

 

See Notes to Financial Statements.

 

126   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Earnings and Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree MidCap Earnings Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 88.74      $ 70.55       $ 61.00       $ 58.75       $ 47.22   

Investment operations:

             

Net investment income1

     1.25        1.00         1.09         0.62         0.73   

Net realized and unrealized gain

     7.56        18.11         9.54         2.20         11.50   

Total from investment operations

     8.81        19.11         10.63         2.82         12.23   

Dividends to shareholders:

             

Net investment income

     (1.14     (0.92      (1.08      (0.57      (0.70

Net asset value, end of year

   $ 96.41      $ 88.74       $ 70.55       $ 61.00       $ 58.75   

TOTAL RETURN2

     9.99     27.26      17.75      4.92      26.15

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of year (000’s omitted)

   $ 737,532      $ 514,682       $ 211,643       $ 158,596       $ 105,745   

Ratios to average net assets3 of:

             

Expenses4

     0.39 %5      0.38      0.38      0.38      0.38

Net investment income

     1.37     1.24      1.80      1.11      1.45

Portfolio turnover rate6

     36     41      39      38      18

 

           
WisdomTree SmallCap Dividend Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 68.33      $ 57.07       $ 49.03       $ 48.66       $ 42.39   

Investment operations:

             

Net investment income1

     1.97        1.85         1.87         1.68         1.72   

Net realized and unrealized gain

     3.62        11.10         8.14         0.34         6.14   

Total from investment operations

     5.59        12.95         10.01         2.02         7.86   

Dividends to shareholders:

             

Net investment income

     (1.94     (1.69      (1.97      (1.65      (1.59

Net asset value, end of year

   $ 71.98      $ 68.33       $ 57.07       $ 49.03       $ 48.66   

TOTAL RETURN2

     8.33     22.99      21.06      4.50      18.96

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of year (000’s omitted)

   $ 1,248,932      $ 1,062,525       $ 553,551       $ 313,791       $ 248,171   

Ratios to average net assets3 of:

             

Expenses4

     0.39 %5      0.38      0.38      0.38      0.38

Net investment income

     2.86     2.93      3.71      3.69      3.86

Portfolio turnover rate6

     33     42      49      31      11

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Earnings and Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree SmallCap Earnings Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 81.40      $ 63.40       $ 56.59      $ 54.97      $ 44.33   

Investment operations:

           

Net investment income1

     0.99        0.73         1.03        0.74        0.65   

Net realized and unrealized gain

     2.96        17.95         6.86        1.59        10.60   

Total from investment operations

     3.95        18.68         7.89        2.33        11.25   

Dividends to shareholders:

           

Net investment income

     (0.93     (0.68      (1.08     (0.71     (0.61

Net asset value, end of year

   $ 84.42      $ 81.40       $ 63.40      $ 56.59      $ 54.97   

TOTAL RETURN2

     4.89     29.55      14.20     4.39     25.57

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of year (000’s omitted)

   $ 422,121      $ 439,571       $ 180,687      $ 147,127      $ 134,672   

Ratios to average net assets3 of:

           

Expenses

     0.39 %4,5      0.38      0.38 %5      0.38 %5      0.38 %5 

Net investment income

     1.24     0.98      1.83     1.43     1.37

Portfolio turnover rate6

     43     61      50     41     19

 

           
WisdomTree Total Dividend Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 68.29      $ 59.33       $ 53.04      $ 48.84      $ 42.89   

Investment operations:

           

Net investment income1

     1.91        1.68         1.65        1.47        1.37   

Net realized and unrealized gain

     5.86        8.91         6.32        4.15        5.92   

Total from investment operations

     7.77        10.59         7.97        5.62        7.29   

Dividends to shareholders:

           

Net investment income

     (1.81     (1.63      (1.68     (1.42     (1.34

Net asset value, end of year

   $ 74.25      $ 68.29       $ 59.33      $ 53.04      $ 48.84   

TOTAL RETURN2

     11.47     18.10      15.39     11.81     17.37

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of year (000’s omitted)

   $ 582,862      $ 419,955       $ 296,638      $ 243,985      $ 170,948   

Ratios to average net assets3 of:

           

Expenses

     0.29 %5,7      0.28      0.28 %5      0.28 %5      0.28 %5 

Net investment income

     2.64     2.65      3.05     3.03     3.10

Portfolio turnover rate6

     13     12      13     15     6

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment adviser waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

7 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.28%.

 

See Notes to Financial Statements.

 

128   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Earnings and Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Total Earnings Fund    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 31, 2011
 

Net asset value, beginning of year

   $ 67.79      $ 56.14       $ 50.62      $ 47.12      $ 41.56   

Investment operations:

           

Net investment income1

     1.34        1.12         1.07        0.88        0.77   

Net realized and unrealized gain

     6.05        11.63         5.51        3.58        5.55   

Total from investment operations

     7.39        12.75         6.58        4.46        6.32   

Dividends to shareholders:

           

Net investment income

     (1.24     (1.10      (1.06     (0.96     (0.76

Net asset value, end of year

   $ 73.94      $ 67.79       $ 56.14      $ 50.62      $ 47.12   

TOTAL RETURN2

     10.93     22.89      13.23     9.74     15.44

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of year (000’s omitted)

   $ 107,209      $ 71,174       $ 53,329      $ 43,026      $ 54,193   

Ratios to average net assets of:

           

Expenses

     0.29 %4      0.28      0.28 %3      0.28 %3,5      0.28 %3,5 

Net investment income

     1.88     1.81      2.10 %3      1.90 %3      1.82 %3 

Portfolio turnover rate6

     16     13      13     12     9

 

           
WisdomTree U.S. Dividend Growth Fund                      For the
Year Ended
March 31, 2015
    For the Period
May 22, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

                  $ 27.95      $ 24.86   

Investment operations:

             

Net investment income1

              0.66        0.48   

Net realized and unrealized gain

                    3.21        3.02   

Total from investment operations

                    3.87        3.50   

Dividends and distributions to shareholders:

             

Net investment income

              (0.59     (0.41

Capital gains

                    (0.00 )7      (0.00 )7 

Total dividends and distributions to shareholders

                    (0.59     (0.41

Net asset value, end of period

                  $ 31.23      $ 27.95   

TOTAL RETURN2

                    13.94     14.19

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of period (000’s omitted)

            $ 448,158      $ 104,802   

Ratios to average net assets of:

             

Expenses

              0.29 %4      0.28 %8 

Net investment income

                    2.19     2.11 %8 

Portfolio turnover rate6

                    35     31

 

* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment adviser waived advisory fees for the WisdomTree Total Earnings Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

7 

Amount represents less than $0.005.

 

8 

Annualized.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Earnings and Dividend Funds      129   


Table of Contents

Financial Highlights (concluded)

WisdomTree Domestic Earnings and Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

 

WisdomTree U.S. SmallCap Dividend Growth Fund    For the
Year Ended
March 31, 2015
    For the Period
July 25, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 28.43      $ 25.02   

Investment operations:

    

Net investment income1

     0.65        0.34   

Net realized and unrealized gain

     1.69        3.32   

Total from investment operations

     2.34        3.66   

Dividends and distributions to shareholders:

    

Net investment income

     (0.65     (0.25

Capital gains

     (0.00 )2        

Net asset value, end of period

   $ 30.12      $ 28.43   

TOTAL RETURN3

     8.37     14.66

RATIOS/SUPPLEMENTAL DATA:

    

Net assets, end of period (000’s omitted)

   $ 22,594      $ 24,163   

Ratios to average net assets of:

    

Expenses

     0.39 %4      0.38 %5 

Net investment income

     2.30     1.82 %5 

Portfolio turnover rate6

     53     71

 

* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Amount represents less than $0.005.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period.

 

4 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

5 

Annualized.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation, as well.

 

See Notes to Financial Statements.

 

130   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2015, the Trust offered 70 investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standards Update 2013-08, Financial Services-Investment Companies, each Fund qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:

 

Fund    Commencement
of Operations
 

WisdomTree Dividend ex-Financials Fund (“Dividend ex-Financials Fund”)

     June 16, 2006   

WisdomTree Earnings 500 Fund (“Earnings 500 Fund”)

     February 23, 2007   

WisdomTree Equity Income Fund (“Equity Income Fund”)

     June 16, 2006   

WisdomTree LargeCap Dividend Fund (“LargeCap Dividend Fund”)

     June 16, 2006   

WisdomTree LargeCap Value Fund (“LargeCap Value Fund”)

     February 23, 2007   

WisdomTree MidCap Dividend Fund (“MidCap Dividend Fund”)

     June 16, 2006   

WisdomTree MidCap Earnings Fund (“MidCap Earnings Fund”)

     February 23, 2007   

WisdomTree SmallCap Dividend Fund (“SmallCap Dividend Fund”)

     June 16, 2006   

WisdomTree SmallCap Earnings Fund (“SmallCap Earnings Fund”)

     February 23, 2007   

WisdomTree Total Dividend Fund (“Total Dividend Fund”)

     June 16, 2006   

WisdomTree Total Earnings Fund (“Total Earnings Fund”)

     February 23, 2007   

WisdomTree U.S. Dividend Growth Fund (“U.S. Dividend Growth Fund”)

     May 22, 2013   

WisdomTree U.S. SmallCap Dividend Growth Fund (“U.S. SmallCap Dividend Growth Fund”)

     July 25, 2013   

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered mark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees. Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Short-term debt securities with remaining maturities of 60 days or less generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Each Fund may invest in money market funds which

 

WisdomTree Domestic Earnings and Dividend Funds      131   


Table of Contents

Notes to Financial Statements (continued)

 

are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the exchange on which they are principally traded.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use valuation techniques and observable inputs as described above and have an

 

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appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

The following is a summary of the fair valuations according to the inputs used as of March 31, 2015 in valuing each Fund’s assets:

 

Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,241,950,274       $       $   

Exchange-Traded Funds

     6,001,593                   

Investment of Cash Collateral for Securities Loaned

             122,329,678           

Total

   $ 1,247,951,867       $ 122,329,678       $   
       
Earnings 500 Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 139,041,412       $       $   

Exchange-Traded Fund

     158,834                   

Investment of Cash Collateral for Securities Loaned

             29,996,556           

Total

   $ 139,200,246       $ 29,996,556       $   
       
Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,054,539,587       $       $   

Exchange-Traded Fund

     1,968,955                   

Investment of Cash Collateral for Securities Loaned

             75,306,277           

Total

   $ 1,056,508,542       $ 75,306,277       $   
       
LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,099,887,131       $       $   

Exchange-Traded Fund

     2,427,941                   

Investment of Cash Collateral for Securities Loaned

             79,265,430           

Total

   $ 2,102,315,072       $ 79,265,430       $   
       
LargeCap Value Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 26,434,123       $       $   

Exchange-Traded Funds

     50,137                   

Investment of Cash Collateral for Securities Loaned

             6,163,855           

Total

   $ 26,484,260       $ 6,163,855       $   

 

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MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,589,113,310       $       $   

Exchange-Traded Fund

     2,739,441                   

Investment of Cash Collateral for Securities Loaned

             336,632,911           

Total

   $ 1,591,852,751       $ 336,632,911       $   
       
MidCap Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 733,955,027       $       $   

Exchange-Traded Fund

     2,841,673                   

Investment of Cash Collateral for Securities Loaned

             141,443,372           

Total

   $ 736,796,700       $ 141,443,372       $   
       
SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Real Estate Management & Development

   $ 1,808,211       $ 66,688       $   

Other*

     1,242,926,507                   

Exchange-Traded Fund

     1,781,942                   

Investment of Cash Collateral for Securities Loaned

             306,020,247           

Total

   $ 1,246,516,660       $ 306,086,935       $   
       
SmallCap Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 420,548,651       $       $   

Exchange-Traded Fund

     1,153,993                   

Investment of Cash Collateral for Securities Loaned

             126,452,081           

Total

   $ 421,702,644       $ 126,452,081       $   
       
Total Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 580,476,928       $       $   

Exchange-Traded Fund

     1,129,266                   

Investment of Cash Collateral for Securities Loaned

             36,470,254           

Total

   $ 581,606,194       $ 36,470,254       $   
       
Total Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 107,067,670       $       $   

Investment of Cash Collateral for Securities Loaned

             25,896,098           

Total

   $ 107,067,670       $ 25,896,098       $   
       
U.S. Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 447,695,587       $       $   

Investment of Cash Collateral for Securities Loaned

             16,502,899           

Total

   $ 447,695,587       $ 16,502,899       $   
       
U.S. SmallCap Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 22,544,030       $       $   

Investment of Cash Collateral for Securities Loaned

             6,678,538           

Total

   $ 22,544,030       $ 6,678,538       $   
  * Please refer to Schedule of Investments for a breakdown of the valuation by industry.

 

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There were no Level 3 securities at or during the fiscal year ended March 31, 2015.

The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

During the fiscal year ended March 31, 2015, SmallCap Dividend Fund transferred securities with a fair value of $102,120 from Level 1 to Level 2 primarily due to the unavailability of a quoted price in an active market for identical investments as of March 31, 2015.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds did not invest in derivative instruments during the fiscal year ended March 31, 2015.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date. Interest income is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except U.S. Dividend Growth Fund and U.S. SmallCap Dividend Growth Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for U.S. Dividend Growth Fund and U.S. SmallCap Dividend Growth Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

The internal expenses of pooled investment vehicles in which the Funds may invest (acquired fund fees and expenses) are not expenses of the Funds and are not paid by WTAM.

During the fiscal year ended March 31, 2015, the Trust incurred expenses pertaining to proxy printing, mailing and solicitation. These proxy expenses are not paid by WTAM. During the period, each Fund in the Trust bore its pro rata allocation of these proxy expenses.

During the fiscal year ended March 31, 2015, Equity Income Fund, MidCap Dividend Fund and Total Dividend Fund (the “Affected Funds”) incurred legal expenses pertaining to defending against litigation brought against former shareholders of Lyondell Chemical Company (“Lyondell”), such as the Affected Funds. The lawsuit seeks to recover amounts paid to former shareholders of Lyondell as fraudulent transfers in connection with the leveraged buyout of Lyondell by Basell AF S.C.A in December of 2007 after Lyondell filed for bankruptcy in 2008. While the Affected Funds believe that they have valid defenses and are participating in the defense along with a number of other shareholders, at this stage of the proceedings, the Affected Funds are not able to make a reliable prediction as to the outcome of these lawsuits or the effect, if any, on an Affected Fund’s net asset value.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt

 

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obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the investment of cash collateral for securities on loan along with the obligation to return such collateral are included on the Statements of Assets and Liabilities. The value of securities received as collateral for securities on loan are not included on the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statement of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Master Netting Arrangements — Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to the Lending Agreement or similar arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at March 31, 2015, are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2015, the Funds had securities on loan and the value of the related collateral received by each Fund exceeded the value of the securities loaned by each Fund at period end. The value of the securities loaned by each Fund is located in the Statements of Assets and Liabilities. In addition, a breakout of the total amount of cash and non-cash securities lending collateral received is located in the Schedules of Investments.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors’ at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its

 

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reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (“MCM”) to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

Fund   

Advisory

Fee Rate

 

Dividend ex-Financials Fund

     0.38

Earnings 500 Fund

     0.28

Equity Income Fund

     0.38

LargeCap Dividend Fund

     0.28

LargeCap Value Fund

     0.38

MidCap Dividend Fund

     0.38

MidCap Earnings Fund

     0.38

SmallCap Dividend Fund

     0.38

SmallCap Earnings Fund

     0.38

Total Dividend Fund

     0.28

Total Earnings Fund

     0.28

U.S. Dividend Growth Fund

     0.28

U.S. SmallCap Dividend Growth Fund

     0.38

Each Fund may purchase shares of affiliated exchanged-traded funds (“ETF”) in secondary market transactions. For the fiscal year ended March 31, 2015, WTAM waived its advisory fees for each Fund’s investment, associated with daily uninvested cash, in correlated affiliated ETFs net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of the advisory fee received from the affiliated ETFs. The table below indicates the waiver. Please see Note 7 for additional information on Other Affiliated Parties and Transactions.

 

Fund    Advisory
Fees Waived
 

Dividend ex-Financials Fund

   $ 12,242   

Earnings 500 Fund

     225   

Equity Income Fund

     5,355   

LargeCap Dividend Fund

     4,986   

LargeCap Value Fund

     105   

MidCap Dividend Fund

     6,516   

MidCap Earnings Fund

     4,749   

SmallCap Dividend Fund

     5,989   

SmallCap Earnings Fund

     1,992   

 

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Fund    Advisory
Fees Waived
 

Total Dividend Fund

   $ 1,687   

Total Earnings Fund

       

U.S. Dividend Growth Fund

       

U.S. SmallCap Dividend Growth Fund

       

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2015, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) for the fiscal year ended March 31, 2015 were as follows:

 

Fund    Purchases      Sales  

Dividend ex-Financials Fund

   $ 388,340,486       $ 385,497,245   

Earnings 500 Fund

     20,778,621         19,665,803   

Equity Income Fund

     267,093,284         265,154,707   

LargeCap Dividend Fund

     261,217,280         258,570,533   

LargeCap Value Fund

     17,255,643         19,153,902   

MidCap Dividend Fund

     369,395,086         356,359,215   

MidCap Earnings Fund

     221,287,672         218,975,468   

SmallCap Dividend Fund

     363,231,675         357,719,619   

SmallCap Earnings Fund

     186,574,146         184,091,173   

Total Dividend Fund

     67,596,797         65,292,355   

Total Earnings Fund

     14,193,952         14,382,229   

U.S. Dividend Growth Fund

     73,875,249         73,321,573   

U.S. SmallCap Dividend Growth Fund

     13,172,861         12,969,289   

For the fiscal year ended March 31, 2015, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:

 

Fund    Purchases      Sales  

Dividend ex-Financials Fund

   $ 375,971,129       $ 343,226,731   

Earnings 500 Fund

     49,151,556         22,140,556   

Equity Income Fund

     561,072,577         359,028,362   

LargeCap Dividend Fund

     882,642,788         793,189,446   

LargeCap Value Fund

     17,404,948         18,729,785   

MidCap Dividend Fund

     758,892,345         290,994,562   

MidCap Earnings Fund

     369,664,805         198,652,903   

SmallCap Dividend Fund

     440,177,942         311,953,323   

SmallCap Earnings Fund

     170,503,076         204,003,440   

Total Dividend Fund

     189,183,676         68,303,771   

Total Earnings Fund

     43,360,853         14,208,799   

U.S. Dividend Growth Fund

     389,837,532         68,688,673   

U.S. SmallCap Dividend Growth Fund

     10,002,778         13,094,524   

Realized gains and losses on in-kind redemptions are not recognized by the Funds for tax purposes.

 

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6. FEDERAL INCOME TAXES

At March 31, 2015, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation
 

Dividend ex-Financials Fund

   $ 1,249,690,121       $ 154,699,894       $ (34,108,470    $ 120,591,424   

Earnings 500 Fund

     146,900,093         23,748,100         (1,451,391      22,296,709   

Equity Income Fund

     1,074,306,172         82,960,843         (25,452,196      57,508,647   

LargeCap Dividend Fund

     1,951,323,391         268,860,706         (38,603,595      230,257,111   

LargeCap Value Fund

     27,671,546         5,497,143         (520,574      4,976,569   

MidCap Dividend Fund

     1,773,544,456         184,846,042         (29,904,836      154,941,206   

MidCap Earnings Fund

     806,073,124         87,216,274         (15,049,326      72,166,948   

SmallCap Dividend Fund

     1,435,922,343         149,106,693         (32,425,441      116,681,252   

SmallCap Earnings Fund

     524,568,124         47,054,682         (23,468,081      23,586,601   

Total Dividend Fund

     515,116,226         107,902,019         (4,941,797      102,960,222   

Total Earnings Fund

     114,523,886         19,673,120         (1,233,238      18,439,882   

U.S. Dividend Growth Fund

     443,457,167         30,137,615         (9,396,296      20,741,319   

U.S. SmallCap Dividend Growth Fund

     28,089,297         2,013,951         (880,680      1,133,271   

At March 31, 2015, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Gains/(Losses)
     Net Unrealized
Appreciation
     Total Accumulated
Earnings/(Losses)
 

Dividend ex-Financials Fund

   $ 1,544,980       $ (86,516,089    $ 120,591,424       $ 35,620,315   

Earnings 500 Fund

     68,476         (18,672,287      22,296,709         3,692,898   

Equity Income Fund

     1,451,628         (57,317,993      57,508,647         1,642,282   

LargeCap Dividend Fund

     1,613,503         (67,241,659      230,257,111         164,628,955   

LargeCap Value Fund

     12,607         (8,471,780      4,976,569         (3,482,604

MidCap Dividend Fund

     1,981,151         5,542,917         154,941,206         162,465,274   

MidCap Earnings Fund

     144,332         (17,584,305      72,166,948         54,726,975   

SmallCap Dividend Fund

     1,035,913         (57,552,602      116,681,252         60,164,563   

SmallCap Earnings Fund

     239,817         (28,786,099      23,586,601         (4,959,681

Total Dividend Fund

     596,466         (20,260,416      102,960,222         83,296,272   

Total Earnings Fund

     51,011         (4,918,008      18,439,882         13,572,885   

U.S. Dividend Growth Fund

     170,127         (583,526      20,741,319         20,327,920   

U.S. SmallCap Dividend Growth Fund

     19,691         (973,445      1,133,271         179,517   

 

WisdomTree Domestic Earnings and Dividend Funds      139   


Table of Contents

Notes to Financial Statements (continued)

 

The tax character of distributions paid during the fiscal years or periods ended March 31, 2015 and March 31, 2014, was as follows:

 

      Year Ended
March 31, 2015
     Year/Period Ended
March 31, 2014
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
 

Dividend ex-Financials Fund

   $ 39,456,992       $ 34,107,009   

Earnings 500 Fund

     2,297,699         1,541,118   

Equity Income Fund

     30,019,168         24,043,110   

LargeCap Dividend Fund

     52,955,618         43,683,007   

LargeCap Value Fund

     385,836         291,377   

MidCap Dividend Fund

     30,452,989         20,516,140   

MidCap Earnings Fund

     8,472,389         4,021,507   

SmallCap Dividend Fund

     31,680,603         23,354,614   

SmallCap Earnings Fund

     5,168,210         2,900,663   

Total Dividend Fund

     13,202,159         9,428,544   

Total Earnings Fund

     1,687,769         1,072,580   

U.S. Dividend Growth Fund

     4,462,615         1,044,983 1 

U.S. SmallCap Dividend Growth Fund

     582,743         171,649 2 

 

  * Includes short-term capital gains if any.

 

  1 

For the period May 22, 2013 (commencement of operations) through March 31, 2014.

 

  2 

For the period July 25, 2013 (commencement of operations) through March 31, 2014.

At March 31, 2015, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund    Capital Loss
Available
Through 2016
     Capital Loss
Available
Through 2017
     Capital Loss
Available
Through 2018
     Capital Loss
Available
Through 2019
     Short-Term
Post-
Effective*  No
Expiration
     Long-Term
Post-
Effective*  No
Expiration
     Capital Loss
Available Total
 

Dividend ex-Financials Fund

   $ 791,229       $ 9,972,192       $ 68,035,975       $ 1,318,159       $       $ 1,210,382       $ 81,327,937   

Earnings 500 Fund

     194,476         1,286,040         10,811,338         4,536,572         44,449         1,583,260         18,456,135   

Equity Income Fund

                     34,858,884         21,181,473                         56,040,357   

LargeCap Dividend Fund

             766,912         32,859,591         32,903,699                         66,530,202   

LargeCap Value Fund

                     8,176,315         295,465                         8,471,780   

MidCap Dividend Fund

                                                       

MidCap Earnings Fund

     354,730         1,545,771         6,328,159         346,722         2,677,424         933,193         12,185,999   

SmallCap Dividend Fund

                     29,790,025         6,604,794                         36,394,819   

SmallCap Earnings Fund

     31,705         1,465,208         4,654,874         921,406         2,086,174         4,257,654         13,417,021   

Total Dividend Fund

                     9,042,618         10,786,298                         19,828,916   

Total Earnings Fund

             437,738         3,393,418         935,380                         4,766,536   

U.S. Dividend Growth Fund

                                                       

U.S. SmallCap Dividend Growth Fund

                                                       

 

  * Under the Regulated Investment Company Modernization Act of 2010, a Fund is permitted to carry forward any new capital losses for an unlimited period. Additionally, such capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. The character of these losses is noted above.

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

 

140   WisdomTree Domestic Earnings and Dividend Funds


Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2015, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

Fund    Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital Losses
 

Dividend ex-Financials Fund

   $ 5,188,152       $   

Earnings 500 Fund

     216,152           

Equity Income Fund

     1,277,636           

LargeCap Dividend Fund

     711,457           

LargeCap Value Fund

               

MidCap Dividend Fund

               

MidCap Earnings Fund

     11,337,624         (5,939,318

SmallCap Dividend Fund

     13,609,347         7,548,436   

SmallCap Earnings Fund

     14,114,520         1,254,558   

Total Dividend Fund

     431,500           

Total Earnings Fund

     151,472           

U.S. Dividend Growth Fund

     583,526           

U.S. SmallCap Dividend Growth Fund

     792,579         180,866   

During the fiscal year ended March 31, 2015, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains.

 

Fund    Utilized
Capital Loss
Carryforward
 

Dividend ex-Financials Fund

   $ 11,917,196   

Earnings 500 Fund

     1,238,273   

Equity Income Fund

     8,736,583   

LargeCap Dividend Fund

     14,532,895   

LargeCap Value Fund

     678,481   

MidCap Dividend Fund

     31,996,080   

MidCap Earnings Fund

     3,122,734   

SmallCap Dividend Fund

     3,385,068   

SmallCap Earnings Fund

     1,449,546   

Total Dividend Fund

     4,963,531   

Total Earnings Fund

     1,315,656   

U.S. Dividend Growth Fund

       

U.S. SmallCap Dividend Growth Fund

     6,841   

 

WisdomTree Domestic Earnings and Dividend Funds      141   


Table of Contents

Notes to Financial Statements (continued)

 

At March 31, 2015, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated Net
Realized Loss
     Paid-in Capital  

Dividend ex-Financials Fund

   $       $ (85,120,721    $ 85,120,721   

Earnings 500 Fund

     (17      (8,925,729      8,925,746   

Equity Income Fund

     (39,314      (89,276,763      89,316,077   

LargeCap Dividend Fund

     (1,790      (249,262,165      249,263,955   

LargeCap Value Fund

     (3      (3,618,650      3,618,653   

MidCap Dividend Fund

     (108,151      (83,886,298      83,994,449   

MidCap Earnings Fund

     (4,715      (55,665,412      55,670,127   

SmallCap Dividend Fund

     (154,024      (85,064,464      85,218,488   

SmallCap Earnings Fund

     28,952         (48,505,154      48,476,202   

Total Dividend Fund

     (12,195      (30,962,487      30,974,682   

Total Earnings Fund

     (42      (6,238,492      6,238,534   

U.S. Dividend Growth Fund

     (87      (7,330,081      7,330,168   

U.S. SmallCap Dividend Growth Fund

             (1,758,264      1,758,264   

These difference are primarily due to redemptions-in-kind, distribution re-designations, investments in real estate investment trust and realized basis adjustments on securities.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2015, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2015, remains subject to examination by taxing authorities.

 

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Notes to Financial Statements (concluded)

 

7. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2015 are as follows:

 

Fund    Value at
3/31/2014
     Purchases/
Additions
     Sales/
Reductions
     Value at
3/31/2015
     Dividend
Income
 

Dividend ex-Financials Fund

                                            

WisdomTree LargeCap Dividend Fund

   $ 1,237,251       $ 15,429,635       $ 13,759,841       $ 2,992,839       $ 47,873   

WisdomTree MidCap Dividend Fund

     1,241,709         15,371,293         13,885,527         3,008,754         38,733   

Total

   $ 2,478,960       $ 30,800,928       $ 27,645,368       $ 6,001,593       $ 86,606   

Earnings 500 Fund

                                            

WisdomTree Equity Income Fund

   $ 64,716       $ 2,479,184       $ 2,418,956       $ 158,834       $ 7,439   

Equity Income Fund

                                            

WisdomTree Total Dividend Fund

   $ 2,023,930       $ 12,736,879       $ 12,989,845       $ 1,968,955       $ 63,163   

LargeCap Dividend Fund

                                            

WisdomTree Total Dividend Fund

   $ 1,140,905       $ 27,841,154       $ 26,887,263       $ 2,427,941       $ 83,787   

LargeCap Value Fund

                                            

WisdomTree Earnings 500 Fund

   $ 30,480       $ 175,993       $ 179,131       $ 34,983       $ 954   

WisdomTree MidCap Earnings Fund

     13,064         75,386         76,881         15,154         282   

Total

   $ 43,544       $ 251,379       $ 256,012       $ 50,137       $ 1,236   

MidCap Dividend Fund

                                            

WisdomTree LargeCap Dividend Fund

   $ 1,814,035       $ 23,219,130       $ 22,602,981       $ 2,739,441       $ 92,688   

MidCap Earnings Fund

                                            

WisdomTree MidCap Dividend Fund

   $ 2,818,720       $ 6,394,866       $ 6,688,539       $ 2,841,673       $ 52,915   

SmallCap Dividend Fund

                                            

WisdomTree MidCap Dividend Fund

   $ 3,346,162       $ 13,293,189       $ 15,000,750       $ 1,781,942       $ 55,646   

SmallCap Earnings Fund

                                            

WisdomTree MidCap Earnings Fund

   $ 600,672       $ 7,337,528       $ 6,880,575       $ 1,153,993       $ 24,947   

Total Dividend Fund

                                            

WisdomTree Total Earnings Fund

   $ 1,007,099       $ 7,544,678       $ 7,532,194       $ 1,129,266       $ 28,316   

8. RECENT ACCOUNTING PRONOUNCEMENT

In June 2014, The FASB issued ASU 2014-11 Transfers & Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures to improve the financial reporting of repurchase agreements and other similar transactions. The guidance includes expanded disclosure requirements for entities that enter into repurchase agreements or securities lending transactions. The guidance is effective for financial statements with fiscal years beginning on or after January 1, 2015, and interim periods within those fiscal years. Management is evaluating the impact, if any, of this guidance on the Trust’s financial statement disclosures.

 

WisdomTree Domestic Earnings and Dividend Funds      143   


Table of Contents

Report of Independent Registered Public Accounting Firm

 

The Board of Trustees and Shareholders of WisdomTree Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Dividend Ex-Financials Fund, WisdomTree Earnings 500 Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree LargeCap Value Fund, WisdomTree MidCap Dividend Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Dividend Fund, WisdomTree SmallCap Earnings Fund, WisdomTree Total Dividend Fund, WisdomTree Total Earnings Fund, WisdomTree U.S. Dividend Growth Fund and WisdomTree U.S. SmallCap Dividend Growth Fund (thirteen of the investment funds constituting WisdomTree Trust (the “Trust”)) as of March 31, 2015, and the related statements of operations, the statements of changes in net assets, and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2015, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Dividend Ex-Financials Fund, WisdomTree Earnings 500 Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree LargeCap Value Fund, WisdomTree MidCap Dividend Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Dividend Fund, WisdomTree SmallCap Earnings Fund, WisdomTree Total Dividend Fund, WisdomTree Total Earnings Fund, WisdomTree U.S. Dividend Growth Fund and WisdomTree U.S. SmallCap Dividend Growth Fund of WisdomTree Trust at March 31, 2015, the results of their operations, the changes in their net assets, and the financial highlights for each of the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

May 29, 2015

 

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Trustees and Officers Information (unaudited)

 

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
  Other
Directorships
Held by Trustee

During Past
5 Years
David G. Chrencik*
(1948)
  Trustee, 2014- present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).   70   Trustee,
Vericimetry
Funds
Joel Goldberg**
(1945)
  Trustee, 2012- present  

Attorney, Of Counsel/Partner at Stroock

& Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.

  70   Director, Better
Business Bureau
(Metropolitan
New York, Long
Island and the
Mid-Hudson
Region)
Toni Massaro***
(1955)
  Trustee, 2006- present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 1990.   70   None
Melinda A. Raso Kirstein
(1955)
  Trustee, 2014- present   Retired, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.   70   Associate
Alumnae of
Douglass
College,
Member of
Investment
Committee
Victor Ugolyn
(1947)
  Trustee, 2006- present; Chairman of the Board of Trustees, 2006- present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.   70   Member of the
Board
of Governors of
Naismith
Memorial
Basketball Hall
of Fame,
Member of the
Board of
Directors of the
New York
Society of
Security
Analysts
(NYSSA)

 

+ As of March 31, 2015.

 

* Chair of the Audit Committee.

 

** Chair of the Contracts Review Committee.

 

*** Chair of the Governance and Nominating Committee.

 

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Table of Contents

Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
 

Other
Directorships
Held by Trustee

During Past
5 Years

Jonathan Steinberg****
(1964)
  Trustee, 2005- present President, 2005- present   President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.   70   Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano****
(1971)
  Treasurer, 2013- present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006.   70   None
Terry Jane Feld****
(1960)
  Chief Compliance Officer, 2012- present  

Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life

Insurance Co., 2004 to 2007.

  70   None
Ryan Louvar****
(1972)
  Secretary and Chief Legal Officer, 2013- present   General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.   70   None
Sarah English****
(1977)
  Assistant Secretary, 2013- present   Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009.   70   None

Clint Martin****

(1977)

 

Assistant Treasurer,

since 2015

  Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.   70   None

 

+ As of March 31, 2015.

 

**** Elected by and serves at the pleasure of the Board.

 

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Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year ended March 31, 2015, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2016.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2015, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Dividend ex-Financials Fund

   $ 34,816,902   

Earnings 500 Fund

     1,565,675   

Equity Income Fund

     25,979,794   

LargeCap Dividend Fund

     52,246,011   

LargeCap Value Fund

     283,591   

MidCap Dividend Fund

     19,428,224   

MidCap Earnings Fund

     5,901,110   

SmallCap Dividend Fund

     18,562,427   

SmallCap Earnings Fund

     3,504,805   

Total Dividend Fund

     11,459,866   

Total Earnings Fund

     1,888,133   

U.S. Dividend Growth Fund

     3,289,779   

U.S. SmallCap Dividend Growth Fund

     386,773   

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2015, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction
 

Dividend ex-Financials Fund

     86.24

Earnings 500 Fund

     67.68

Equity Income Fund

     83.64

LargeCap Dividend Fund

     96.76

LargeCap Value Fund

     73.12

MidCap Dividend Fund

     60.24

MidCap Earnings Fund

     71.54

SmallCap Dividend Fund

     61.99

SmallCap Earnings Fund

     67.38

Total Dividend Fund

     84.50

Total Earnings Fund

     69.10

U.S. Dividend Growth Fund

     73.63

U.S. SmallCap Dividend Growth Fund

     70.64

 

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Table of Contents

General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com

 

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The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2015:

 

WisdomTree Domestic Earnings and Dividend Funds

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree U.S. Dividend Growth Fund (DGRW)

 

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree Europe Dividend Growth Fund (EUDG)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International Hedged Dividend Growth Fund (IHDG)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Health Care Fund (DXJH)

 

WisdomTree Japan Hedged Real Estate Fund (DXJR)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Korea Hedged Equity Fund (DXKW)

 

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

  

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

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

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Global Equity Income Fund (DEW)

 

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

 

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

 

WisdomTree Global ex-U.S. Utilities Fund (DBU)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

 

WisdomTree Commodity Currency Strategy Fund (CCX)

 

WisdomTree Emerging Currency Strategy Fund (CEW)

 

WisdomTree Indian Rupee Strategy Fund (ICN)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

 

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

 

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Japan Interest Rate Strategy Fund (JGBB)

 

WisdomTree Strategic Corporate Bond Fund (CRDT)

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)

 

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.


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Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.


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WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Domestic Earnings and Dividend Funds

WisdomTree Dividend ex-Financials Fund (DTN)

WisdomTree Earnings 500 Fund (EPS)

WisdomTree Equity Income Fund (DHS)

WisdomTree LargeCap Dividend Fund (DLN)

WisdomTree LargeCap Value Fund (EZY)

WisdomTree MidCap Dividend Fund (DON)

WisdomTree MidCap Earnings Fund (EZM)

WisdomTree SmallCap Dividend Fund (DES)

WisdomTree SmallCap Earnings Fund (EES)

WisdomTree Total Dividend Fund (DTD)

WisdomTree Total Earnings Fund (EXT)

WisdomTree U.S. Dividend Growth Fund (DGRW)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC.

WTGM-0384


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Item 2. Code of Ethics.

 

  (a) The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.

 

  (c) There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

 

  (d) The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

 

  (f) The code of ethics is attached hereto as exhibit 12(a)(1).

 

Item 3. Audit Committee Financial Expert.

The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the Registrant’s audit committee is David Chrencik, who is an independent Trustee of the Trust, as that term is defined under Item 3(a) (2).

 

Item 4. Principal Accountant Fees and Services.

Audit Fees

 

  (a) The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are $1,265,915 for 2015 and $992,219 for 2014.


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Audit-Related Fees

 

  (b) The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $100,000 for 2015 and $31,500 for 2014.

Tax Fees

 

  (c) The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $443,414 for 2015 and $426,680 for 2014.

All Other Fees

 

  (d) The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0 for 2015 and $0 for 2014.

 

  (e)(1) Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.

 

  (e)(2) The Registrant’s Audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

 

  (f) The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

 

  (g) The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $443,414 for 2015 and $427,180 for 2014.

 

  (h) Not applicable.


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Item 5. Audit Committee of Listed registrants.

The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.

 

Item 6. Investments.

 

(a) Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

 

(b) Not applicable.

 

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

 

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

 

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

 

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

 

Item 11. Controls and Procedures.

 

  (a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these
 


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  controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

 

  (b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 12. Exhibits.

 

  (a)(1) Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto.

 

  (a)(2) Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

 

  (a)(3) Not applicable.

 

  (b) Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)

WisdomTree Trust

 

By (Signature and Title)

/s/ Jonathan L. Steinberg

Jonathan L. Steinberg, President
(principal executive officer)
Date: June 8, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)

/s/ Jonathan L. Steinberg

Jonathan L. Steinberg, President
(principal executive officer)
Date: June 8, 2015
By (Signature and Title)

/s/ David Castano

David Castano, Treasurer
(principal financial officer)
Date: June 8, 2015