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)
250 West 34th Street, 3rd Floor
New York, NY 10119
(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, 2025
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.
Item 1. Reports to Stockholders.
(a) | The following is a copy of the reports transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). |
(b) | Not applicable. |
Item 2. Code of Ethics.
(a) | The Registrant, as of the end of the period covered by the Shareholder Reports, has adopted a code of ethics (the “Code”) 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 the Shareholder Reports, to a provision of the Code, and that relates to any element of the Code description. |
(d) | The registrant has not granted any waivers, including an implicit waiver, from a provision of the Code that relates to one or more of the items set forth in paragraph (d) of this item’s instructions. |
(e) | Not applicable. |
(f) | A copy of the Code of Ethics is filed as an Exhibit. |
Item 3. Audit Committee Financial Expert.
The Registrant’s Board of Trustees (the “Board”) has determined that the Registrant has at least one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its Audit Committee. The Board has designated David Chrencik, the Chair of the Audit Committee, as the Audit Committee financial expert. Mr. Chrencik is “independent” 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 were $1,124,801 for the fiscal year ended March 31, 2025 and $1,066,503 for the fiscal year ended March 31, 2024. |
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 were $0 for the fiscal year ended March 31, 2025 and $0 for the fiscal year ended March 31, 2024. |
Tax Fees
(c) | The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for service fees for analysis of potential Passive Foreign Investment Companies, tax compliance, tax advice, and tax planning were $568,047 for the fiscal year ended March 31, 2025 and $607,479 for the fiscal year ended March 31, 2024. |
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 were $0 for the fiscal year ended March 31, 2025 and $0 for the fiscal year ended March 31, 2024. |
(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. |
The Audit Committee’s pre-approval policy and procedures provide:
The Audit Committee may pre-approve any Audit Service and any non-Audit Service that is not a prohibited non-Audit Service (collectively, “Permissible Audit and Non-Audit Services”). In addition, the Audit Committee may determine that one or more non-Audit Services not specifically prohibited by the SEC should nonetheless be treated as prohibited because such Services may impair the independence of the independent auditor in fact or appearance.
Permissible Audit and Non-Audit Services may include Audit-Related Services. Audit-Related Services are assurance and related services that are reasonably related to the performance of the audit or review of the Funds’ financial statements or that are traditionally performed by the independent auditor. Permissible Audit and Non-Audit Services also may include Tax Services that the Audit Committee believes the independent auditor is best positioned to provide to the Funds. The Audit Committee, however, will not permit the retention of the independent auditor in connection with a transaction initially recommended by the independent auditor, the sole business purpose of which may be tax avoidance and the tax treatment of which may not be supported in the Internal Revenue Code of 1986, as amended, and related regulations.
The term of any pre-approval is 12 months from the date of such pre-approval unless the Audit Committee specifically pre-approves a different term.
Subject to certain limitations described in this Section, the Audit Committee has delegated its authority and responsibility to pre-approve Permissible Audit and Non-Audit Services to the Audit Committee Chairperson or, if the Audit Committee Chairperson is not available, a subcommittee of one or more Audit Committee members. Pursuant to such delegated authority, the Audit Committee Chairperson or other Audit Committee delegate may pre-approve any proposed Permissible Audit or Non-Audit Services that in the aggregate do not exceed $100,000 (excluding reasonable out-of-pocket expenses) on an annual basis. Such delegated authority is intended to be exercised primarily in connection with time-sensitive requests for the pre-approval of proposed Permissible Audit or Non-Audit Services that arise between regular meetings of the Audit Committee.
Any Permissible Audit or Non-Audit Services pre-approved pursuant to delegated authority will be reported, for informational purposes only, to the Audit Committee at its next regularly scheduled meeting. This policy does not delegate the Audit Committee’s responsibilities to pre-approve services performed by the independent auditor to the Adviser.
Any request for the pre-approval of Permissible Audit and Non-Audit Services to be provided by the independent auditor shall be discussed with the WisdomTree Fund Accounting and Administration group prior to its presentation to the Audit Committee. If such request is to be pre-approved pursuant to delegated authority, the independent auditor shall submit a completed “Independent Audit Firm Audit and Non-Audit Services Pre-Approval Request” Form (the “Request Form”) to the WisdomTree Fund Accounting and Administration group prior to the submission of the request to the Audit Committee Chairperson or other Audit Committee delegate. The Request Form should include a detailed description of the services proposed to be rendered together with information related to proposed or estimated fees and the independent auditor’s conclusion regarding the effect of its provision of such services on its independence.
The WisdomTree Fund Accounting and Administration group will consider each such request and confirm that the proposed services constitute Permissible Audit and Non-Audit Services. The WisdomTree Fund Accounting and Administration group will then notify the Audit Committee Chairperson (or Audit Committee delegate, if appropriate) of its findings and confirmations and provide any related recommendations.
Any pre-approval of Permissible Audit and Non-Audit Services by the Audit Committee or its delegate will be documented either in the minutes of the relevant Audit Committee Meeting if the pre-approval is carried out by the Audit Committee, or by the WisdomTree Fund Accounting and Administration group with such documentation to be maintained together with the relevant Request Form if the pre-approval is carried out by the Audit Committee Chairperson or other Audit Committee delegate pursuant to delegated authority. Any Permissible Audit or Non-Audit Services pre-approved pursuant to delegated authority will be reported, for informational purposes only, to the Audit Committee at its next regularly scheduled meeting.
(e)(2) |
There were no services described in each of paragraphs (b) through (d) of this Item 4 that were approved by the audit committee 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 less than 50%. |
(g) | The aggregate non-audit fees billed by the Registrant's principal 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 were $568,047 for the fiscal year ended March 31, 2025 and $607,479 for the fiscal year ended March 31, 2024. |
(h) | Not applicable. |
(i) | Not applicable. |
(j) | Not applicable. |
Item 5. Audit Committee of Listed Registrants.
(a) | The Registrant is a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934, as amended (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, Philip Goff, Melinda Raso Kirstein, and Victor Ugolyn. |
(b) Not applicable.
Item 6. Investments.
(a) |
Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period (i.e., March 31, 2025) is included under Item 7 of this form. |
(b) | Not applicable. |
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
The financial statements, including the financial highlights, are attached herewith.
|
WisdomTree Trust
Annual Financial Statements and Other Information
March 31, 2025
WisdomTree Europe Hedged Equity Fund (HEDJ) WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) WisdomTree India Hedged Equity Fund (INDH) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) WisdomTree Japan Hedged Equity Fund (DXJ) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
|
Table of Contents
Schedules of Investments |
||
1 | ||
4 | ||
9 | ||
WisdomTree International Hedged Quality Dividend Growth Fund |
12 | |
20 | ||
27 | ||
38 | ||
40 | ||
42 | ||
45 | ||
48 | ||
62 | ||
63 | ||
64 |
“WisdomTree” is a registered mark of WisdomTree, Inc. and is licensed for use by the WisdomTree Trust.
Schedule of Investments WisdomTree Europe Hedged Equity Fund (HEDJ) March 31, 2025
|
Investments |
Shares |
Value | |||
COMMON STOCKS – 99.7% |
|
||||
Austria – 0.5% |
|
||||
ANDRITZ AG |
160,241 |
$ |
8,948,878 | ||
Belgium – 3.9% |
|
||||
Anheuser-Busch InBev SA |
443,061 |
|
27,241,613 | ||
Azelis Group NV |
257,055 |
|
4,506,600 | ||
Barco NV |
183,048 |
|
2,331,220 | ||
Bekaert SA |
103,965 |
|
3,714,985 | ||
Fagron |
94,337 |
|
1,930,040 | ||
Melexis NV |
75,757 |
|
4,238,937 | ||
Solvay SA |
176,765 |
|
6,262,886 | ||
Syensqo SA |
94,180 |
|
6,385,798 | ||
UCB SA |
46,149 |
|
8,113,116 | ||
Total Belgium |
|
64,725,195 | |||
Finland – 5.5% |
|
||||
Cargotec OYJ, Class B |
104,700 |
|
4,750,074 | ||
Huhtamaki OYJ |
184,474 |
|
6,543,991 | ||
Kemira OYJ |
290,407 |
|
6,292,778 | ||
Kone OYJ, Class B |
415,988 |
|
22,844,978 | ||
Konecranes OYJ |
99,642 |
|
6,328,841 | ||
Metso OYJ |
922,658 |
|
9,470,222 | ||
Nokia OYJ |
3,556,191 |
|
18,592,374 | ||
Valmet OYJ |
332,381 |
|
8,958,002 | ||
Wartsila OYJ Abp |
429,111 |
|
7,599,508 | ||
Total Finland |
|
91,380,768 | |||
France – 16.8% |
|
||||
Accor SA |
17,123 |
|
774,809 | ||
Air Liquide SA |
167,420 |
|
31,673,575 | ||
Airbus SE |
90,539 |
|
15,919,930 | ||
Arkema SA |
10,547 |
|
802,058 | ||
BioMerieux |
6,983 |
|
861,415 | ||
Bureau Veritas SA |
27,063 |
|
816,783 | ||
Cie Generale des Etablissements Michelin SCA |
397,622 |
|
13,920,468 | ||
Danone SA |
184,171 |
|
14,093,024 | ||
Dassault Aviation SA |
5,541 |
|
1,825,544 | ||
Dassault Systemes SE |
106,972 |
|
4,037,359 | ||
EssilorLuxottica SA |
83,856 |
|
24,040,277 | ||
Forvia SE |
31,895 |
|
258,811 | ||
Gaztransport & Technigaz SA |
2,920 |
|
442,532 | ||
Hermes International SCA |
8,155 |
|
21,238,585 | ||
Imerys SA |
9,412 |
|
304,395 | ||
Interparfums SA |
4,875 |
|
208,796 | ||
Ipsen SA |
3,833 |
|
440,540 | ||
IPSOS SA |
6,119 |
|
275,362 | ||
Legrand SA |
18,029 |
|
1,893,743 | ||
L’Oreal SA |
121,780 |
|
45,100,829 | ||
LVMH Moet Hennessy Louis Vuitton SE |
118,136 |
|
72,954,966 | ||
Nexans SA |
4,472 |
|
436,691 | ||
Opmobility |
10,774 |
|
106,081 | ||
Pernod Ricard SA |
74,223 |
|
7,316,837 | ||
Publicis Groupe SA |
46,737 |
|
4,379,098 |
Investments |
Shares |
Value | |||
Rubis SCA |
5,295 |
$ |
148,940 | ||
Safran SA |
58,471 |
|
15,284,819 | ||
SEB SA |
3,719 |
|
348,900 | ||
Technip Energies NV |
17,047 |
|
555,003 | ||
Valeo SE |
27,014 |
|
250,486 | ||
Vicat SACA |
10,038 |
|
538,900 | ||
Total France |
|
281,249,556 | |||
Germany – 27.1% |
|
||||
adidas AG |
13,576 |
|
3,177,863 | ||
AIXTRON SE |
12,832 |
|
140,483 | ||
Beiersdorf AG |
20,618 |
|
2,659,226 | ||
Brenntag SE |
63,258 |
|
4,072,547 | ||
Continental AG |
109,775 |
|
7,655,461 | ||
Daimler Truck Holding AG |
639,549 |
|
25,644,025 | ||
Deutsche Telekom AG, Registered Shares |
2,613,399 |
|
96,602,892 | ||
Duerr AG |
12,272 |
|
306,749 | ||
Evonik Industries AG |
584,653 |
|
12,589,800 | ||
GEA Group AG |
67,469 |
|
4,073,995 | ||
Hannover Rueck SE |
81,019 |
|
24,040,857 | ||
Heidelberg Materials AG |
125,263 |
|
21,317,959 | ||
Henkel AG & Co. KGaA |
126,945 |
|
9,125,739 | ||
HochTief AG |
40,949 |
|
6,944,602 | ||
Hugo Boss AG |
23,754 |
|
894,476 | ||
Jenoptik AG |
4,032 |
|
83,144 | ||
Knorr-Bremse AG |
69,703 |
|
6,290,749 | ||
Krones AG |
5,497 |
|
744,608 | ||
Lanxess AG |
8,227 |
|
247,142 | ||
Merck KGaA |
20,519 |
|
2,806,043 | ||
MTU Aero Engines AG |
3,119 |
|
1,079,137 | ||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares |
100,035 |
|
62,932,900 | ||
SAP SE |
189,310 |
|
49,978,033 | ||
Schott Pharma AG & Co. KGaA |
9,961 |
|
253,288 | ||
Siemens AG, Registered Shares |
311,848 |
|
71,380,292 | ||
Siemens Healthineers AG(a) |
298,974 |
|
16,021,643 | ||
Symrise AG |
17,544 |
|
1,813,614 | ||
Talanx AG |
196,487 |
|
20,524,127 | ||
Total Germany |
|
453,401,394 | |||
Ireland – 0.8% |
|
||||
Glanbia PLC |
377,081 |
|
4,142,476 | ||
Kerry Group PLC, Class A |
86,180 |
|
9,011,275 | ||
Total Ireland |
|
13,153,751 | |||
Italy – 5.3% |
|
||||
Brembo NV |
534,975 |
|
4,557,164 | ||
Brunello Cucinelli SpA |
58,556 |
|
6,679,435 | ||
Carel Industries SpA(a) |
206,673 |
|
3,763,966 | ||
DiaSorin SpA |
46,776 |
|
4,623,263 | ||
Ferrari NV |
33,226 |
|
14,076,350 | ||
Ferretti SpA(b) |
343,255 |
|
925,107 | ||
Intercos SpA |
169,590 |
|
2,363,167 | ||
Leonardo SpA |
295,885 |
|
14,328,347 |
See Notes to Financial Statements.
WisdomTree Trust 1
Schedule of Investments (continued) WisdomTree Europe Hedged Equity Fund (HEDJ) March 31, 2025
|
Investments |
Shares |
Value | |||
Maire SpA |
602,984 |
$ |
5,748,108 | ||
Moncler SpA |
168,393 |
|
10,295,439 | ||
Piaggio & C SpA |
687,141 |
|
1,416,955 | ||
Prysmian SpA |
137,799 |
|
7,496,114 | ||
Reply SpA |
34,652 |
|
5,644,611 | ||
Webuild SpA |
1,879,019 |
|
6,430,145 | ||
Total Italy |
|
88,348,171 | |||
Netherlands – 12.7% |
|
||||
Aegon Ltd. |
2,552,418 |
|
16,680,596 | ||
Akzo Nobel NV |
142,204 |
|
8,706,549 | ||
Arcadis NV |
77,571 |
|
3,938,235 | ||
ASM International NV |
12,365 |
|
5,548,365 | ||
ASML Holding NV |
63,873 |
|
41,811,365 | ||
BE Semiconductor Industries NV |
65,516 |
|
6,738,759 | ||
Corbion NV |
114,782 |
|
2,411,558 | ||
Fugro NV |
196,033 |
|
2,809,988 | ||
Heineken Holding NV |
174,063 |
|
12,578,735 | ||
Heineken NV |
249,873 |
|
20,346,039 | ||
IMCD NV |
38,170 |
|
5,057,014 | ||
JDE Peet’s NV |
417,106 |
|
9,110,286 | ||
Koninklijke Ahold Delhaize NV |
639,835 |
|
23,886,149 | ||
Koninklijke Vopak NV |
176,753 |
|
7,656,241 | ||
SBM Offshore NV |
328,398 |
|
6,984,746 | ||
Universal Music Group NV |
776,565 |
|
21,331,853 | ||
Wolters Kluwer NV |
106,018 |
|
16,439,447 | ||
Total Netherlands |
|
212,035,925 | |||
Portugal – 0.1% |
|
||||
Altri SGPS SA |
336,524 |
|
2,170,175 | ||
Spain – 17.6% |
|
||||
Acerinox SA |
588,817 |
|
6,875,597 | ||
ACS Actividades de Construccion y Servicios SA |
315,129 |
|
17,956,233 | ||
Amadeus IT Group SA |
265,684 |
|
20,232,937 | ||
Banco Bilbao Vizcaya Argentaria SA |
8,753,207 |
|
118,615,725 | ||
Banco Santander SA |
11,297,109 |
|
75,610,678 | ||
CIE Automotive SA |
238,043 |
|
5,785,519 | ||
Ebro Foods SA |
267,907 |
|
4,838,656 | ||
Elecnor SA |
141,273 |
|
2,646,139 | ||
Fluidra SA |
257,092 |
|
6,015,219 | ||
Gestamp Automocion SA(a)(b) |
1,609,495 |
|
4,502,916 | ||
Mapfre SA |
7,286,071 |
|
22,367,728 |
Investments |
Shares |
Value | |||
Prosegur Cia de Seguridad SA |
965,840 |
$ |
2,185,715 | ||
Viscofan SA |
94,727 |
|
6,538,514 | ||
Total Spain |
|
294,171,576 | |||
Switzerland – 0.8% |
|
||||
DSM-Firmenich AG |
124,952 |
|
12,331,154 | ||
United States – 8.6% |
|
||||
Ferrovial SE |
341,626 |
|
15,196,433 | ||
Sanofi SA |
636,806 |
|
70,108,547 | ||
Schneider Electric SE |
155,303 |
|
35,355,080 | ||
Signify NV(a) |
212,611 |
|
4,579,471 | ||
Tenaris SA |
926,435 |
|
18,073,285 | ||
Total United States |
|
143,312,816 | |||
TOTAL
COMMON STOCKS |
|
1,665,229,359 | |||
MUTUAL FUND – 0.0% |
|
||||
United States – 0.0% |
|
||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.21%(c) (Cost: $298,229) |
298,229 |
|
298,229 | ||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% | |||||
United States – 0.2% |
|
||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.29%(c) (Cost: $2,947,421) |
2,947,421 |
|
2,947,421 | ||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $1,319,532,364) |
|
1,668,475,009 | |||
Other Assets less Liabilities – 0.1% |
|
2,303,432 | |||
NET ASSETS – 100.0% |
$ |
1,670,778,441 |
(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, 2025 (See Note 2). At March 31, 2025, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,715,737 and the total market value of the collateral held by the Fund was $2,947,421.
(c) Rate shown represents annualized 7-day yield as of March 31, 2025.
CURRENCY ABBREVIATIONS: | ||
EUR |
Euro | |
USD |
United States dollar |
See Notes to Financial Statements.
2 WisdomTree Trust
Schedule of Investments (concluded) WisdomTree Europe Hedged Equity Fund (HEDJ) March 31, 2025
|
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
Counterparty |
Settlement
|
Amount
and Description of |
Amount
and Description of |
Unrealized
|
Unrealized
| ||||||||||||
Bank of America NA |
4/3/2025 |
12,288,653 |
USD |
11,233,902 |
EUR |
$ |
153,152 |
$ |
— |
| |||||||
Barclays Bank PLC |
4/3/2025 |
332,285,175 |
USD |
319,023,986 |
EUR |
|
— |
|
(12,342,698 |
) | |||||||
Citibank NA |
4/3/2025 |
322,611,465 |
EUR |
348,506,197 |
USD |
|
— |
|
(2,925 |
) | |||||||
Citibank NA |
4/3/2025 |
332,285,175 |
USD |
319,024,599 |
EUR |
|
— |
|
(12,343,360 |
) | |||||||
Citibank NA |
5/6/2025 |
339,673,576 |
USD |
313,869,429 |
EUR |
|
2,726 |
|
— |
| |||||||
Citibank NA |
4/2/2025 |
717,000 |
USD |
664,763 |
EUR |
|
— |
|
(1,077 |
) | |||||||
Goldman Sachs |
4/3/2025 |
322,610,271 |
EUR |
348,506,197 |
USD |
|
— |
|
(4,215 |
) | |||||||
Goldman Sachs |
4/3/2025 |
12,288,653 |
USD |
11,239,553 |
EUR |
|
147,048 |
|
— |
| |||||||
Goldman Sachs |
5/6/2025 |
339,673,577 |
USD |
313,867,979 |
EUR |
|
4,295 |
|
— |
| |||||||
HSBC Holdings PLC |
4/3/2025 |
332,285,175 |
USD |
319,024,598 |
EUR |
|
— |
|
(12,343,360 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
12,288,653 |
USD |
11,290,370 |
EUR |
|
92,153 |
|
— |
| |||||||
JP Morgan Chase Bank NA |
4/3/2025 |
22,119,575 |
USD |
20,421,774 |
EUR |
|
58,812 |
|
— |
| |||||||
Morgan Stanley & Co. International |
4/3/2025 |
7,373,192 |
USD |
6,775,990 |
EUR |
|
53,382 |
|
— |
| |||||||
Royal Bank of Canada |
4/3/2025 |
322,610,868 |
EUR |
348,506,197 |
USD |
|
— |
|
(3,570 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
332,285,175 |
USD |
319,023,373 |
EUR |
|
— |
|
(12,342,036 |
) | |||||||
Royal Bank of Canada |
5/6/2025 |
339,673,577 |
USD |
313,868,850 |
EUR |
|
3,353 |
|
— |
| |||||||
Standard Chartered Bank |
4/3/2025 |
322,611,166 |
EUR |
348,506,197 |
USD |
|
— |
|
(3,247 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
14,746,384 |
USD |
13,569,027 |
EUR |
|
88,349 |
|
— |
| |||||||
Standard Chartered Bank |
5/6/2025 |
339,673,577 |
USD |
313,868,850 |
EUR |
|
3,353 |
|
— |
| |||||||
UBS Group AG |
4/3/2025 |
322,610,868 |
EUR |
348,506,197 |
USD |
|
— |
|
(3,570 |
) | |||||||
UBS Group AG |
4/3/2025 |
332,285,175 |
USD |
319,025,517 |
EUR |
|
— |
|
(12,344,352 |
) | |||||||
UBS Group AG |
5/6/2025 |
339,673,577 |
USD |
313,868,269 |
EUR |
|
3,981 |
|
— |
| |||||||
$ |
610,604 |
$ |
(61,734,410 |
) |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted
|
Other
|
Significant
|
Total | ||||||||||
Assets: |
|
|
|
|
| ||||||||
Investments in Securities |
|
|
|
|
| ||||||||
Common Stocks |
$ |
1,665,229,359 |
$ |
— |
|
$— |
$ |
1,665,229,359 |
| ||||
Mutual Fund |
|
— |
|
298,229 |
|
— |
|
298,229 |
| ||||
Investment of Cash Collateral for Securities Loaned |
|
— |
|
2,947,421 |
|
— |
|
2,947,421 |
| ||||
Total Investments in Securities |
$ |
1,665,229,359 |
$ |
3,245,650 |
|
$— |
$ |
1,668,475,009 |
| ||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
610,604 |
|
$— |
$ |
610,604 |
| ||||
Liabilities: |
|
|
|
|
| ||||||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
(61,734,410 |
) |
$— |
$ |
(61,734,410 |
) | ||||
Total – Net |
$ |
1,665,229,359 |
$ |
(57,878,156 |
) |
$— |
$ |
1,607,351,203 |
|
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
WisdomTree Trust 3
Schedule of Investments WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) March 31, 2025
|
Investments |
Shares |
Value | |||
COMMON STOCKS – 99.7% |
|
||||
Austria – 6.5% |
|
||||
ANDRITZ AG |
14,425 |
$ |
805,584 | ||
BAWAG Group AG(a) |
17,737 |
|
1,820,154 | ||
CA Immobilien Anlagen AG(b) |
6,945 |
|
168,045 | ||
Kontron AG |
4,451 |
|
106,449 | ||
Oesterreichische Post AG |
4,951 |
|
167,127 | ||
Raiffeisen Bank International AG |
38,789 |
|
993,866 | ||
Schoeller-Bleckmann Oilfield Equipment AG |
2,703 |
|
103,506 | ||
Telekom Austria AG |
12,568 |
|
117,296 | ||
UNIQA Insurance Group AG |
14,596 |
|
154,513 | ||
Vienna Insurance Group AG Wiener Versicherung Gruppe |
4,572 |
|
200,757 | ||
voestalpine AG |
12,890 |
|
313,285 | ||
Wienerberger AG |
7,782 |
|
257,900 | ||
Total Austria |
|
5,208,482 | |||
Belgium – 6.5% |
|
||||
Ackermans & van Haaren NV |
2,225 |
|
480,209 | ||
Aedifica SA |
9,395 |
|
633,773 | ||
Azelis Group NV |
6,798 |
|
119,180 | ||
Barco NV |
9,008 |
|
114,722 | ||
Bekaert SA |
6,047 |
|
216,078 | ||
Cofinimmo SA |
8,164 |
|
538,385 | ||
Colruyt Group NV |
14,668 |
|
602,086 | ||
Deceuninck NV |
8,104 |
|
19,084 | ||
Elia Group SA |
2,835 |
|
245,449 | ||
Fagron |
4,177 |
|
85,457 | ||
Ion Beam Applications |
1,684 |
|
19,791 | ||
Kinepolis Group NV |
914 |
|
31,890 | ||
Melexis NV |
4,379 |
|
245,024 | ||
Recticel SA(b) |
2,922 |
|
32,005 | ||
Shurgard Self Storage Ltd. |
4,747 |
|
171,266 | ||
Solvay SA |
21,595 |
|
765,123 | ||
Tessenderlo Group SA |
3,953 |
|
105,256 | ||
Warehouses De Pauw CVA |
25,022 |
|
592,471 | ||
Xior Student Housing NV(d) |
5,447 |
|
161,806 | ||
Total Belgium |
|
5,179,055 | |||
Denmark – 0.2% |
|
||||
Cementir Holding NV |
11,051 |
|
158,766 | ||
Finland – 9.0% |
|
||||
Aktia Bank OYJ |
3,953 |
|
47,227 | ||
Anora Group OYJ |
9,376 |
|
36,359 | ||
Cargotec OYJ, Class B |
4,847 |
|
219,901 | ||
Elisa OYJ |
28,776 |
|
1,401,260 | ||
Harvia OYJ(d) |
986 |
|
46,544 | ||
Huhtamaki OYJ |
11,316 |
|
401,421 | ||
Kamux Corp. |
4,433 |
|
11,612 | ||
Kemira OYJ |
16,806 |
|
364,166 | ||
Kesko OYJ, Class B |
34,499 |
|
703,020 | ||
Konecranes OYJ |
5,361 |
|
340,508 |
Investments |
Shares |
Value | |||
Lassila & Tikanoja OYJ |
2,804 |
$ |
25,352 | ||
Mandatum OYJ |
75,933 |
|
458,672 | ||
Marimekko OYJ |
3,921 |
|
54,129 | ||
Metso OYJ |
67,912 |
|
697,053 | ||
Nokian Renkaat OYJ(b) |
21,058 |
|
147,036 | ||
Oma Saastopankki OYJ |
2,121 |
|
19,933 | ||
Orion OYJ, Class B |
7,896 |
|
467,916 | ||
Outokumpu OYJ |
82,229 |
|
308,219 | ||
Puuilo OYJ |
10,345 |
|
127,056 | ||
Raisio OYJ, Class V |
18,241 |
|
47,092 | ||
Sanoma OYJ |
5,818 |
|
56,184 | ||
Talenom OYJ |
4,984 |
|
16,797 | ||
Terveystalo OYJ(a) |
6,515 |
|
80,791 | ||
TietoEVRY OYJ |
17,798 |
|
307,414 | ||
Tokmanni Group Corp. |
10,551 |
|
144,403 | ||
Valmet OYJ |
23,242 |
|
626,395 | ||
Total Finland |
|
7,156,460 | |||
France – 17.1% |
|
||||
ABC arbitrage |
296 |
|
1,822 | ||
Alten SA |
1,193 |
|
115,337 | ||
Antin Infrastructure Partners SA |
3,798 |
|
43,077 | ||
Arkema SA |
7,211 |
|
548,369 | ||
Bonduelle SCA |
4,338 |
|
36,175 | ||
Catana Group |
2,854 |
|
13,503 | ||
Cie des Alpes |
5,029 |
|
79,964 | ||
Coface SA |
22,304 |
|
426,201 | ||
Covivio SA |
15,987 |
|
894,543 | ||
Derichebourg SA |
11,032 |
|
64,351 | ||
Elis SA |
10,860 |
|
240,954 | ||
Etablissements Maurel & Prom SA |
27,655 |
|
144,884 | ||
FDJ UNITED(a) |
29,951 |
|
940,181 | ||
Fnac Darty SA |
947 |
|
28,489 | ||
Forvia SE |
27,047 |
|
219,472 | ||
Gaztransport & Technigaz SA |
4,032 |
|
611,058 | ||
Gecina SA |
8,992 |
|
843,588 | ||
GL Events SACA |
2,556 |
|
57,291 | ||
Imerys SA |
9,280 |
|
300,126 | ||
Interparfums SA |
4,230 |
|
181,171 | ||
IPSOS SA |
5,229 |
|
235,311 | ||
Klepierre SA |
54,758 |
|
1,828,906 | ||
Mersen SA |
2,561 |
|
50,736 | ||
Nexans SA |
1,588 |
|
155,068 | ||
Opmobility |
22,691 |
|
223,416 | ||
Quadient SA |
3,001 |
|
50,570 | ||
Rexel SA |
32,249 |
|
863,221 | ||
Rubis SCA |
25,960 |
|
730,214 | ||
SEB SA |
3,493 |
|
327,697 | ||
Societe BIC SA |
4,862 |
|
328,771 | ||
Sopra Steria Group |
1,248 |
|
230,658 | ||
SPIE SA |
13,825 |
|
587,495 | ||
Technip Energies NV |
11,296 |
|
367,767 |
See Notes to Financial Statements.
4 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) March 31, 2025
|
Investments |
Shares |
Value | |||
Television Francaise 1 SA |
17,705 |
$ |
171,551 | ||
Valeo SE |
20,679 |
|
191,745 | ||
Verallia SA(a) |
23,002 |
|
710,618 | ||
Vicat SACA |
4,584 |
|
246,096 | ||
Wendel SE |
5,583 |
|
536,738 | ||
Total France |
|
13,627,134 | |||
Germany – 12.2% |
|
||||
AIXTRON SE |
6,012 |
|
65,818 | ||
Aurubis AG |
1,975 |
|
185,712 | ||
Bechtle AG |
5,879 |
|
217,187 | ||
Bilfinger SE |
4,473 |
|
319,861 | ||
Cancom SE |
3,539 |
|
85,784 | ||
CTS Eventim AG & Co. KGaA |
4,537 |
|
451,860 | ||
Dermapharm Holding SE |
2,617 |
|
103,040 | ||
Deutsche Lufthansa AG, Registered Shares |
119,815 |
|
866,625 | ||
Deutz AG |
12,836 |
|
93,453 | ||
Duerr AG |
4,070 |
|
101,733 | ||
DWS Group GmbH & Co. KGaA(a) |
11,663 |
|
634,329 | ||
ElringKlinger AG |
6,337 |
|
32,138 | ||
Fielmann Group AG |
5,633 |
|
254,648 | ||
Freenet AG |
25,037 |
|
953,065 | ||
GEA Group AG |
12,601 |
|
760,889 | ||
Gerresheimer AG |
1,184 |
|
89,591 | ||
GFT Technologies SE |
1,984 |
|
48,006 | ||
Hamborner REIT AG |
11,897 |
|
76,978 | ||
HochTief AG |
6,464 |
|
1,096,239 | ||
Hugo Boss AG |
4,721 |
|
177,773 | ||
Instone Real Estate Group SE(a) |
4,129 |
|
35,681 | ||
Jenoptik AG |
2,652 |
|
54,687 | ||
KION Group AG |
6,367 |
|
263,414 | ||
Krones AG |
2,047 |
|
277,281 | ||
Lanxess AG |
2,098 |
|
63,025 | ||
LEG Immobilien SE |
4,545 |
|
321,377 | ||
M1 Kliniken AG |
1,966 |
|
31,643 | ||
MLP SE |
3,138 |
|
25,694 | ||
Norma Group SE |
3,125 |
|
42,938 | ||
PNE AG |
2,395 |
|
36,581 | ||
RENK Group AG* |
3,785 |
|
181,225 | ||
SAF-Holland SE |
9,330 |
|
164,074 | ||
Schott Pharma AG & Co. KGaA |
3,084 |
|
78,420 | ||
Scout24 SE(a) |
2,459 |
|
256,059 | ||
Sixt SE |
3,425 |
|
292,830 | ||
SMA Solar Technology AG(b) |
3,236 |
|
52,573 | ||
Stroeer SE & Co. KGaA |
6,228 |
|
362,612 | ||
Suedzucker AG |
34,683 |
|
430,468 | ||
Wacker Neuson SE |
6,996 |
|
157,565 | ||
Total Germany |
|
9,742,876 | |||
Ireland – 0.6% |
|
||||
Cairn Homes PLC |
66,924 |
|
138,077 | ||
Dalata Hotel Group PLC |
16,080 |
|
90,148 |
Investments |
Shares |
Value | |||
Glanbia PLC |
19,774 |
$ |
217,230 | ||
Origin Enterprises PLC |
10,192 |
|
34,404 | ||
Uniphar PLC* |
8,741 |
|
25,635 | ||
Total Ireland |
|
505,494 | |||
Italy – 28.1% |
|
||||
A2A SpA |
456,727 |
|
1,097,719 | ||
ACEA SpA |
19,575 |
|
402,811 | ||
Alerion Cleanpower SpA |
3,009 |
|
44,984 | ||
Amplifon SpA |
5,397 |
|
108,872 | ||
Anima Holding SpA(a) |
39,734 |
|
299,801 | ||
Arnoldo Mondadori Editore SpA |
46,933 |
|
107,985 | ||
Ascopiave SpA |
27,275 |
|
90,155 | ||
Azimut Holding SpA |
18,542 |
|
515,949 | ||
Banca Generali SpA |
19,084 |
|
1,067,834 | ||
Banca IFIS SpA |
9,846 |
|
228,241 | ||
Banca Mediolanum SpA |
97,704 |
|
1,569,379 | ||
Banca Monte dei Paschi di Siena SpA |
194,847 |
|
1,536,880 | ||
Banca Popolare di Sondrio SpA |
115,573 |
|
1,388,243 | ||
Banco BPM SpA |
254,387 |
|
2,568,177 | ||
BPER Banca SpA |
240,416 |
|
1,872,419 | ||
Brembo NV |
21,030 |
|
179,143 | ||
Brunello Cucinelli SpA |
2,198 |
|
250,724 | ||
Buzzi SpA |
10,919 |
|
521,562 | ||
Cairo Communication SpA |
29,537 |
|
91,251 | ||
Carel Industries SpA(a) |
2,945 |
|
53,635 | ||
Credito Emiliano SpA |
23,715 |
|
321,237 | ||
d’Amico International Shipping SA |
15,709 |
|
56,931 | ||
Danieli & C Officine Meccaniche SpA |
1,435 |
|
45,960 | ||
Danieli & C Officine Meccaniche SpA, RSP |
1,794 |
|
45,928 | ||
Datalogic SpA |
3,764 |
|
18,215 | ||
De’ Longhi SpA |
8,847 |
|
291,092 | ||
DiaSorin SpA |
1,453 |
|
143,612 | ||
El.En. SpA |
3,396 |
|
33,639 | ||
Enav SpA(a) |
75,661 |
|
298,148 | ||
Equita Group SpA |
2,371 |
|
11,269 | ||
ERG SpA |
21,258 |
|
402,540 | ||
Ferretti SpA |
24,959 |
|
67,267 | ||
Fiera Milano SpA |
9,762 |
|
52,514 | ||
Fila SpA |
2,009 |
|
24,392 | ||
Hera SpA |
193,893 |
|
837,773 | ||
Illimity Bank SpA(b) |
3,640 |
|
13,683 | ||
IMMSI SpA |
68,244 |
|
37,964 | ||
Industrie De Nora SpA(b) |
2,386 |
|
16,018 | ||
Intercos SpA |
3,010 |
|
41,943 | ||
Interpump Group SpA |
2,456 |
|
87,071 | ||
Iren SpA |
250,939 |
|
638,628 | ||
Italgas SpA |
162,972 |
|
1,168,042 | ||
Italian Sea Group SpA |
8,547 |
|
55,856 | ||
Iveco Group NV |
14,537 |
|
236,642 | ||
Lottomatica Group SpA |
12,829 |
|
257,895 |
See Notes to Financial Statements.
WisdomTree Trust 5
Schedule of Investments (continued) WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) March 31, 2025
|
Investments |
Shares |
Value | |||
Maire SpA |
28,946 |
$ |
275,936 | ||
MARR SpA |
9,447 |
|
99,087 | ||
MFE-MediaForEurope NV, Class A |
62,871 |
|
227,238 | ||
Orsero SpA |
2,732 |
|
35,354 | ||
OVS SpA(a) |
17,175 |
|
58,737 | ||
Piaggio & C SpA |
57,338 |
|
118,237 | ||
RAI Way SpA(a) |
36,099 |
|
226,556 | ||
Reply SpA |
846 |
|
137,809 | ||
Sanlorenzo SpA |
1,963 |
|
61,068 | ||
Sesa SpA |
534 |
|
39,224 | ||
Sogefi SpA |
41,397 |
|
81,206 | ||
SOL SpA |
3,164 |
|
127,653 | ||
Technogym SpA(a) |
17,753 |
|
228,396 | ||
Unipol Assicurazioni SpA |
72,473 |
|
1,152,361 | ||
Webuild SpA |
63,388 |
|
216,919 | ||
Wiit SpA |
607 |
|
9,258 | ||
Zignago Vetro SpA(b) |
12,163 |
|
114,436 | ||
Total Italy |
|
22,409,498 | |||
Netherlands – 3.9% |
|
||||
Aalberts NV |
7,689 |
|
259,137 | ||
Arcadis NV |
3,567 |
|
181,094 | ||
BE Semiconductor Industries NV |
3,796 |
|
390,444 | ||
Brunel International NV |
8,798 |
|
89,904 | ||
Corbion NV |
3,117 |
|
65,488 | ||
ForFarmers NV |
14,258 |
|
68,614 | ||
Fugro NV |
6,743 |
|
96,656 | ||
IMCD NV |
1,971 |
|
261,131 | ||
Kendrion NV |
2,996 |
|
34,434 | ||
Koninklijke BAM Groep NV |
26,609 |
|
147,883 | ||
Koninklijke Heijmans NV |
3,178 |
|
133,539 | ||
Koninklijke Vopak NV |
14,651 |
|
634,623 | ||
PostNL NV(b) |
65,364 |
|
70,041 | ||
SBM Offshore NV |
17,263 |
|
367,169 | ||
Sligro Food Group NV |
3,793 |
|
43,103 | ||
Wereldhave NV |
13,706 |
|
236,884 | ||
Total Netherlands |
|
3,080,144 | |||
Portugal – 3.4% |
|
||||
Altri SGPS SA |
20,856 |
|
134,496 | ||
Banco Comercial Portugues SA, Class R |
1,882,504 |
|
1,133,056 | ||
Corticeira Amorim SGPS SA |
11,111 |
|
96,017 | ||
CTT-Correios de Portugal SA |
18,831 |
|
152,153 | ||
Navigator Co. SA |
72,608 |
|
256,784 | ||
NOS SGPS SA |
56,814 |
|
270,337 | ||
REN – Redes Energeticas Nacionais SGPS SA |
93,379 |
|
276,883 | ||
Semapa-Sociedade de Investimento & Gestao |
6,555 |
|
108,193 | ||
Sonae SGPS SA |
238,623 |
|
273,742 | ||
Total Portugal |
|
2,701,661 | |||
Spain – 11.6% |
|
||||
Acciona SA |
5,028 |
|
656,095 | ||
Acerinox SA |
38,941 |
|
454,713 |
Investments |
Shares |
Value | |||
Almirall SA |
10,173 |
$ |
107,746 | ||
Bankinter SA |
136,504 |
|
1,510,643 | ||
CIE Automotive SA(b) |
7,396 |
|
179,756 | ||
Construcciones y Auxiliar de Ferrocarriles SA |
3,783 |
|
165,908 | ||
Ebro Foods SA |
6,982 |
|
126,101 | ||
Elecnor SA |
3,937 |
|
73,743 | ||
Ence Energia y Celulosa SA |
23,535 |
|
79,522 | ||
Ercros SA |
5,611 |
|
17,759 | ||
Faes Farma SA |
22,211 |
|
94,170 | ||
Fluidra SA |
10,226 |
|
239,259 | ||
Gestamp Automocion SA(a) |
72,232 |
|
202,085 | ||
Global Dominion Access SA(a) |
11,426 |
|
33,880 | ||
Grupo Catalana Occidente SA |
1,595 |
|
84,509 | ||
Indra Sistemas SA |
8,904 |
|
256,996 | ||
Inmobiliaria Colonial Socimi SA |
61,438 |
|
362,023 | ||
Laboratorios Farmaceuticos Rovi SA |
2,627 |
|
146,141 | ||
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros |
22,640 |
|
29,738 | ||
Logista Integral SA |
29,575 |
|
938,601 | ||
Mapfre SA |
335,477 |
|
1,029,891 | ||
Melia Hotels International SA |
9,192 |
|
62,951 | ||
Merlin Properties Socimi SA |
53,066 |
|
564,907 | ||
Neinor Homes SA(a) |
9,977 |
|
145,707 | ||
Pharma Mar SA |
389 |
|
34,120 | ||
Prosegur Cash SA(a) |
42,033 |
|
31,056 | ||
Sacyr SA |
79,583 |
|
276,121 | ||
Tubacex SA |
19,557 |
|
81,439 | ||
Unicaja Banco SA(a) |
369,353 |
|
680,652 | ||
Vidrala SA |
1,775 |
|
176,972 | ||
Viscofan SA |
5,128 |
|
353,959 | ||
Total Spain |
|
9,197,163 | |||
United Kingdom – 0.1% |
|
||||
Allfunds Group PLC |
19,473 |
|
110,853 | ||
United States – 0.5% |
|
||||
Signify NV(a) |
16,450 |
|
354,320 | ||
TOTAL
COMMON STOCKS |
|
79,431,906 | |||
RIGHTS – 0.0% |
|
||||
Belgium – 0.0% |
|
||||
Elia Group SA* (Cost: $0) |
3,721 |
|
18,136 | ||
MUTUAL FUND – 0.1% |
|
||||
United States – 0.1% |
|
||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.21%(c) (Cost: $41,998) |
41,998 |
|
41,998 |
See Notes to Financial Statements.
6 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) March 31, 2025
|
Investments |
Shares |
Value |
||||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% |
||||||
United States – 0.4% |
|
|||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.29%(c) (Cost: $325,849) |
325,849 |
$ |
325,849 |
|||
TOTAL INVESTMENTS IN SECURITIES – 100.2% (Cost: $71,365,781) |
|
79,817,889 |
||||
Other Liabilities less Assets – (0.2)% |
|
(128,991 |
) | |||
NET ASSETS – 100.0% |
$ |
79,688,898 |
* 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, 2025 (See Note 2). At March 31, 2025, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $480,053 and the total market value of the collateral held by the Fund was $512,386. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $186,537.
(c) Rate shown represents annualized 7-day yield as of March 31, 2025.
(d) This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.
CURRENCY ABBREVIATIONS: | ||
EUR |
Euro | |
USD |
United States dollar |
OTHER ABBREVIATIONS: | ||
CVA |
Certificaten van Aandelen (Certificate of Stock) | |
RSP |
Risparmio Italian Savings Shares |
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
Counterparty |
Settlement
|
Amount
and Description of |
Amount
and Description of |
Unrealized
|
Unrealized
| ||||||||||||
Barclays Bank PLC |
4/3/2025 |
12,209,919 |
USD |
11,722,633 |
EUR |
$ |
— |
$ |
(453,536 |
) | |||||||
Citibank NA |
4/3/2025 |
14,420,681 |
EUR |
15,578,171 |
USD |
|
— |
|
(131 |
) | |||||||
Citibank NA |
4/3/2025 |
12,209,919 |
USD |
11,722,655 |
EUR |
|
— |
|
(453,560 |
) | |||||||
Citibank NA |
4/3/2025 |
4,210,317 |
USD |
3,993,612 |
EUR |
|
— |
|
(103,810 |
) | |||||||
Citibank NA |
5/6/2025 |
16,235,666 |
USD |
15,002,283 |
EUR |
|
130 |
|
— |
| |||||||
Goldman Sachs |
4/3/2025 |
14,420,629 |
EUR |
15,578,173 |
USD |
|
— |
|
(188 |
) | |||||||
Goldman Sachs |
5/6/2025 |
16,235,667 |
USD |
15,002,215 |
EUR |
|
205 |
|
— |
| |||||||
HSBC Holdings PLC |
4/3/2025 |
12,209,919 |
USD |
11,722,655 |
EUR |
|
— |
|
(453,560 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
4,210,317 |
USD |
4,009,521 |
EUR |
|
— |
|
(120,995 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
4,210,317 |
USD |
3,879,534 |
EUR |
|
19,424 |
|
— |
| |||||||
Royal Bank of Canada |
4/3/2025 |
14,420,656 |
EUR |
15,578,173 |
USD |
|
— |
|
(160 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
12,209,919 |
USD |
11,722,610 |
EUR |
|
— |
|
(453,512 |
) | |||||||
Royal Bank of Canada |
5/6/2025 |
16,235,667 |
USD |
15,002,256 |
EUR |
|
160 |
|
— |
| |||||||
Standard Chartered Bank |
4/3/2025 |
14,420,669 |
EUR |
15,578,173 |
USD |
|
— |
|
(145 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
4,210,317 |
USD |
4,042,268 |
EUR |
|
— |
|
(156,371 |
) | |||||||
Standard Chartered Bank |
5/6/2025 |
16,235,667 |
USD |
15,002,256 |
EUR |
|
160 |
|
— |
| |||||||
UBS Group AG |
4/3/2025 |
14,420,656 |
EUR |
15,578,173 |
USD |
|
— |
|
(160 |
) | |||||||
UBS Group AG |
4/3/2025 |
12,209,919 |
USD |
11,722,689 |
EUR |
|
— |
|
(453,597 |
) | |||||||
UBS Group AG |
5/6/2025 |
16,235,667 |
USD |
15,002,229 |
EUR |
|
190 |
|
— |
| |||||||
$ |
20,269 |
$ |
(2,649,725 |
) |
See Notes to Financial Statements.
WisdomTree Trust 7
Schedule of Investments (concluded) WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) March 31, 2025
|
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted
|
Other
|
Significant
|
Total | |||||||||
Assets: |
|
|
|
| ||||||||
Investments in Securities |
|
|
|
| ||||||||
Common Stocks |
$ |
79,431,906 |
$ |
— |
$— |
$ |
79,431,906 |
| ||||
Rights |
|
18,136 |
|
— |
— |
|
18,136 |
| ||||
Mutual Fund |
|
— |
|
41,998 |
— |
|
41,998 |
| ||||
Investment of Cash Collateral for Securities Loaned |
|
— |
|
325,849 |
— |
|
325,849 |
| ||||
Total Investments in Securities |
$ |
79,450,042 |
$ |
367,847 |
$— |
$ |
79,817,889 |
| ||||
Financial Derivative Instruments |
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
20,269 |
$— |
$ |
20,269 |
| ||||
Liabilities: |
|
|
|
| ||||||||
Financial Derivative Instruments |
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
(2,649,725) |
$— |
$ |
(2,649,725 |
) | ||||
Total – Net |
$ |
79,450,042 |
$ |
(2,261,609) |
$— |
$ |
77,188,433 |
|
1 Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
8 WisdomTree Trust
Schedule of Investments WisdomTree India Hedged Equity Fund (INDH) March 31, 2025
|
Investments |
Shares |
Value | |||
COMMON STOCKS – 102.3% |
|
||||
India – 102.3% |
|
||||
Aerospace & Defense – 1.8% |
|
||||
Bharat Electronics Ltd. |
22,121 |
$ |
77,984 | ||
Hindustan Aeronautics Ltd. |
1,115 |
|
54,496 | ||
Total Aerospace & Defense |
|
132,480 | |||
Automobile Components – 0.1% |
|
||||
Tube Investments of India Ltd. |
198 |
|
6,415 | ||
Automobiles – 7.8% |
|
||||
Bajaj Auto Ltd. |
454 |
|
41,850 | ||
Eicher Motors Ltd. |
1,024 |
|
64,068 | ||
Hero MotoCorp Ltd. |
500 |
|
21,778 | ||
Mahindra & Mahindra Ltd. |
6,394 |
|
199,422 | ||
Maruti Suzuki India Ltd. |
845 |
|
113,910 | ||
Tata Motors Ltd. |
10,125 |
|
79,895 | ||
TVS Motor Co. Ltd. |
1,524 |
|
43,147 | ||
Total Automobiles |
|
564,070 | |||
Banks – 23.3% |
|
||||
Axis Bank Ltd. |
13,794 |
|
177,847 | ||
HDFC Bank Ltd. |
31,949 |
|
683,368 | ||
ICICI Bank Ltd. |
33,812 |
|
533,393 | ||
Kotak Mahindra Bank Ltd. |
7,157 |
|
181,804 | ||
State Bank of India |
11,543 |
|
104,190 | ||
Total Banks |
|
1,680,602 | |||
Beverages – 1.0% |
|
||||
United Spirits Ltd. |
2,222 |
|
36,429 | ||
Varun Beverages Ltd. |
5,215 |
|
32,926 | ||
Total Beverages |
|
69,355 | |||
Chemicals – 1.3% |
|
||||
Asian Paints Ltd. |
2,268 |
|
62,109 | ||
Pidilite Industries Ltd. |
985 |
|
32,836 | ||
Total Chemicals |
|
94,945 | |||
Construction & Engineering – 2.4% |
|
||||
Larsen & Toubro Ltd. |
4,283 |
|
174,998 | ||
Construction Materials – 2.9% |
|
||||
Ambuja Cements Ltd. |
5,156 |
|
32,475 | ||
Grasim Industries Ltd. |
2,278 |
|
69,592 | ||
UltraTech Cement Ltd. |
773 |
|
104,091 | ||
Total Construction Materials |
|
206,158 | |||
Consumer Staples Distribution & Retail – 0.7% |
|
||||
Avenue Supermarts Ltd.*(a) |
982 |
|
46,912 | ||
Electric Utilities – 2.1% |
|
||||
Power Grid Corp. of India Ltd. |
31,586 |
|
107,298 | ||
Tata Power Co. Ltd. |
10,505 |
|
46,138 | ||
Total Electric Utilities |
|
153,436 |
Investments |
Shares |
Value | |||
Electrical Equipment – 0.6% |
|
||||
Havells India Ltd. |
1,503 |
$ |
26,885 | ||
Suzlon Energy Ltd.* |
27,923 |
|
18,510 | ||
Total Electrical Equipment |
|
45,395 | |||
Financial Services – 0.8% |
|
||||
Bajaj Finserv Ltd. |
2,540 |
|
59,653 | ||
Food Products – 2.0% |
|
||||
Britannia Industries Ltd. |
786 |
|
45,400 | ||
Nestle India Ltd. |
2,231 |
|
58,749 | ||
Tata Consumer Products Ltd. |
3,088 |
|
36,197 | ||
Total Food Products |
|
140,346 | |||
Gas Utilities – 0.2% |
|
||||
GAIL India Ltd. |
7,857 |
|
16,826 | ||
Health Care Providers & Services – 1.6% |
|
||||
Apollo Hospitals Enterprise Ltd. |
680 |
|
52,637 | ||
Max Healthcare Institute Ltd. |
4,856 |
|
62,322 | ||
Total Health Care Providers & Services |
|
114,959 | |||
Hotels, Restaurants & Leisure – 1.9% |
|
||||
Indian Hotels Co. Ltd. |
5,967 |
|
54,980 | ||
Zomato Ltd.* |
33,839 |
|
79,854 | ||
Total Hotels, Restaurants & Leisure |
|
134,834 | |||
Independent Power & Renewable Electricity Producers – 2.1% | |||||
Adani Green Energy Ltd.* |
2,353 |
|
26,115 | ||
NTPC Ltd. |
30,091 |
|
125,895 | ||
Total Independent Power & Renewable Electricity Producers |
|
152,010 | |||
Industrial Conglomerates – 0.5% |
|
||||
Siemens Ltd. |
529 |
|
32,650 | ||
Insurance – 2.0% |
|
||||
HDFC Life Insurance Co. Ltd.(a) |
6,317 |
|
50,678 | ||
ICICI Lombard General Insurance Co. Ltd.(a) |
1,039 |
|
21,794 | ||
PB Fintech Ltd.* |
865 |
|
16,089 | ||
SBI Life Insurance Co. Ltd.(a) |
2,967 |
|
53,730 | ||
Total Insurance |
|
142,291 | |||
Interactive Media & Services – 0.6% |
|
||||
Info Edge India Ltd. |
507 |
|
42,598 | ||
IT Services – 13.7% |
|
||||
HCL Technologies Ltd. |
6,443 |
|
120,044 | ||
Infosys Ltd. |
23,596 |
|
433,602 | ||
LTIMindtree Ltd.(a) |
609 |
|
32,001 | ||
Persistent Systems Ltd. |
53 |
|
3,419 | ||
Tata Consultancy Services Ltd. |
6,478 |
|
273,312 | ||
Tech Mahindra Ltd. |
4,078 |
|
67,667 | ||
Wipro Ltd. |
18,600 |
|
57,069 | ||
Total IT Services |
|
987,114 |
See Notes to Financial Statements.
WisdomTree Trust 9
Schedule of Investments (continued) WisdomTree India Hedged Equity Fund (INDH) March 31, 2025
|
Investments |
Shares |
Value | |||
Life Sciences Tools & Services – 0.8% |
|
||||
Divi’s Laboratories Ltd. |
863 |
$ |
58,314 | ||
Metals & Mining – 3.8% |
|
||||
Hindalco Industries Ltd. |
8,994 |
|
71,812 | ||
JSW Steel Ltd. |
6,337 |
|
78,827 | ||
Tata Steel Ltd. |
54,880 |
|
99,034 | ||
Vedanta Ltd. |
4,540 |
|
24,614 | ||
Total Metals & Mining |
|
274,287 | |||
Oil, Gas & Consumable Fuels – 11.7% |
|
||||
Bharat Petroleum Corp. Ltd. |
10,558 |
|
34,398 | ||
Coal India Ltd. |
8,788 |
|
40,942 | ||
Indian Oil Corp. Ltd. |
29,263 |
|
43,720 | ||
Oil & Natural Gas Corp. Ltd. |
26,047 |
|
75,082 | ||
Reliance Industries Ltd. |
43,616 |
|
650,674 | ||
Total Oil, Gas & Consumable Fuels |
|
844,816 | |||
Passenger Airlines – 0.4% |
|
||||
InterGlobe Aviation Ltd.*(a) |
528 |
|
31,600 | ||
Personal Care Products – 2.7% |
|
||||
Godrej Consumer Products Ltd. |
2,532 |
|
34,341 | ||
Hindustan Unilever Ltd. |
6,080 |
|
160,681 | ||
Total Personal Care Products |
|
195,022 | |||
Pharmaceuticals – 3.6% |
|
||||
Cipla Ltd. |
3,451 |
|
58,229 | ||
Dr. Reddy’s Laboratories Ltd. |
4,232 |
|
56,653 | ||
Sun Pharmaceutical Industries Ltd. |
7,077 |
|
143,631 | ||
Total Pharmaceuticals |
|
258,513 | |||
Real Estate Management & Development – 0.4% | |||||
DLF Ltd. |
3,825 |
|
30,453 | ||
Specialty Retail – 1.0% |
|
||||
Trent Ltd. |
1,202 |
|
74,888 |
Investments |
Shares |
Value |
||||
Textiles, Apparel & Luxury Goods – 1.3% |
|
|||||
Titan Co. Ltd. |
2,610 |
$ |
93,543 |
|||
Tobacco – 1.3% |
|
|||||
ITC Ltd. |
20,179 |
|
96,737 |
|||
Trading Companies & Distributors – 0.6% |
|
|||||
Adani Enterprises Ltd. |
1,508 |
|
40,858 |
|||
Transportation Infrastructure – 0.8% |
|
|||||
Adani Ports & Special Economic Zone Ltd. |
3,939 |
|
54,516 |
|||
Wireless Telecommunication Services – 4.5% |
|
|||||
Bharti Airtel Ltd. |
16,082 |
|
326,146 |
|||
TOTAL COMMON STOCKS (Cost: $7,053,610) |
|
7,377,740 |
||||
MUTUAL FUND – 0.1% |
|
|||||
United States – 0.1% |
|
|||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.21%(b) (Cost: $7,850) |
7,850 |
|
7,850 |
|||
TOTAL INVESTMENTS IN SECURITIES – 102.4% (Cost: $7,061,460) |
|
7,385,590 |
||||
Other Liabilities less Assets – (2.4)% |
|
(169,997 |
) | |||
NET ASSETS – 100.0% |
|
$7,215,593 |
* 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) Rate shown represents annualized 7-day yield as of March 31, 2025.
CURRENCY ABBREVIATIONS: | ||
INR |
Indian rupee | |
USD |
United States dollar |
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
Counterparty |
Settlement
|
Amount and Description
of |
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
Bank of America NA |
4/4/2025 |
6,947,755 |
USD |
609,040,203 |
INR |
$ |
— |
$ |
(177,158 |
) | |||||||
Citibank NA |
4/4/2025 |
609,040,203 |
INR |
7,124,944 |
USD |
|
— |
|
(31 |
) | |||||||
Citibank NA |
5/6/2025 |
7,190,763 |
USD |
616,418,781 |
INR |
|
— |
|
(239 |
) | |||||||
$ |
— |
$ |
(177,428 |
) |
See Notes to Financial Statements.
10 WisdomTree Trust
Schedule of Investments (conclued) WisdomTree India Hedged Equity Fund (INDH) March 31, 2025
|
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted
|
Other
|
Significant
|
Total | ||||||||||
Assets: |
|
|
|
|
| ||||||||
Investments in Securities |
|
|
|
|
| ||||||||
Common Stocks |
$ |
7,377,740 |
$ |
— |
|
$— |
$ |
7,377,740 |
| ||||
Mutual Fund |
|
— |
|
7,850 |
|
— |
|
7,850 |
| ||||
Total Investments in Securities |
$ |
7,377,740 |
$ |
7,850 |
|
$— |
$ |
7,385,590 |
| ||||
Liabilities: |
|
|
|
|
| ||||||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
(177,428 |
) |
$— |
$ |
(177,428 |
) | ||||
Total – Net |
$ |
7,377,740 |
$ |
(169,578 |
) |
$— |
$ |
7,208,162 |
|
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
WisdomTree Trust 11
Schedule of Investments WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) March 31, 2025
|
Investments |
Shares |
Value | |||
COMMON STOCKS – 100.1% |
|
||||
Australia – 6.0% |
|
||||
Ampol Ltd. |
540,814 |
$ |
7,892,733 | ||
APA Group |
3,494,978 |
|
17,205,375 | ||
BlueScope Steel Ltd. |
396,613 |
|
5,259,339 | ||
Brambles Ltd. |
1,136,152 |
|
14,181,103 | ||
Breville Group Ltd. |
96,224 |
|
1,876,810 | ||
Champion Iron Ltd. |
719,588 |
|
2,179,279 | ||
Cochlear Ltd. |
34,389 |
|
5,620,960 | ||
Codan Ltd. |
139,014 |
|
1,350,508 | ||
Domino’s Pizza Enterprises Ltd. |
122,795 |
|
1,956,609 | ||
Glencore PLC |
9,125,160 |
|
33,014,591 | ||
GrainCorp Ltd., Class A |
274,444 |
|
1,164,645 | ||
IDP Education Ltd. |
305,719 |
|
1,792,688 | ||
Netwealth Group Ltd. |
153,941 |
|
2,450,010 | ||
Pinnacle Investment Management Group Ltd. |
269,482 |
|
2,948,811 | ||
Pro Medicus Ltd. |
12,385 |
|
1,541,922 | ||
REA Group Ltd. |
41,469 |
|
5,673,481 | ||
Sonic Healthcare Ltd. |
671,325 |
|
10,776,340 | ||
Technology One Ltd. |
125,897 |
|
2,184,124 | ||
Wesfarmers Ltd. |
1,096,723 |
|
49,213,288 | ||
WiseTech Global Ltd. |
44,159 |
|
2,235,261 | ||
Total Australia |
|
170,517,877 | |||
Austria – 0.6% |
|
||||
Kontron AG |
114,998 |
|
2,750,251 | ||
Mondi PLC |
610,591 |
|
9,043,685 | ||
Wienerberger AG |
187,021 |
|
6,197,979 | ||
Total Austria |
|
17,991,915 | |||
Belgium – 0.9% |
|
||||
Fagron |
103,814 |
|
2,123,931 | ||
Kinepolis Group NV |
41,418 |
|
1,445,094 | ||
Melexis NV |
88,031 |
|
4,925,721 | ||
Solvay SA |
240,435 |
|
8,518,751 | ||
Syensqo SA |
92,431 |
|
6,267,209 | ||
Tessenderlo Group SA |
98,207 |
|
2,614,952 | ||
Total Belgium |
|
25,895,658 | |||
Brazil – 0.2% |
|
||||
Yara International ASA |
204,373 |
|
6,128,484 | ||
Chile – 0.3% |
|
||||
Antofagasta PLC |
367,079 |
|
7,905,477 | ||
China – 0.5% |
|
||||
Prosus NV |
289,841 |
|
13,329,654 | ||
Denmark – 4.5% |
|
||||
Coloplast AS, Class B |
174,120 |
|
18,232,091 | ||
DSV AS |
30,791 |
|
5,940,465 | ||
Novo Nordisk AS, Class B |
1,283,718 |
|
87,319,663 | ||
Novonesis (Novozymes) B, Class B |
147,612 |
|
8,570,288 | ||
Pandora AS |
54,809 |
|
8,364,152 | ||
Total Denmark |
|
128,426,659 |
Investments |
Shares |
Value | |||
Finland – 1.0% |
|
||||
Cargotec OYJ, Class B |
39,915 |
$ |
1,810,880 | ||
Kone OYJ, Class B |
503,375 |
|
27,644,045 | ||
Total Finland |
|
29,454,925 | |||
France – 5.9% |
|
||||
Airbus SE |
336,358 |
|
59,143,525 | ||
BioMerieux |
49,143 |
|
6,062,227 | ||
FDJ UNITED(a) |
326,464 |
|
10,247,910 | ||
Gaztransport & Technigaz SA |
48,049 |
|
7,281,929 | ||
Hermes International SCA |
25,953 |
|
67,591,048 | ||
Ipsen SA |
41,866 |
|
4,811,799 | ||
Verallia SA(a) |
375,936 |
|
11,614,068 | ||
Vivendi SE |
399,369 |
|
1,189,366 | ||
Total France |
|
167,941,872 | |||
Georgia – 0.1% |
|
||||
TBC Bank Group PLC |
46,360 |
|
2,471,359 | ||
Germany – 11.8% |
|
||||
AIXTRON SE |
179,124 |
|
1,961,019 | ||
Daimler Truck Holding AG |
1,411,461 |
|
56,595,415 | ||
Deutsche Post AG, Registered Shares |
1,966,824 |
|
83,877,803 | ||
Fielmann Group AG |
78,248 |
|
3,537,310 | ||
HochTief AG |
96,274 |
|
16,327,251 | ||
Hugo Boss AG |
102,253 |
|
3,850,418 | ||
Knorr-Bremse AG |
115,680 |
|
10,440,208 | ||
Krones AG |
13,157 |
|
1,782,210 | ||
Nemetschek SE |
25,731 |
|
2,968,468 | ||
Rheinmetall AG |
15,430 |
|
21,984,426 | ||
SAP SE |
420,496 |
|
111,011,373 | ||
Schott Pharma AG & Co. KGaA |
53,525 |
|
1,361,029 | ||
Sixt SE(b) |
53,779 |
|
4,597,990 | ||
Stroeer SE & Co. KGaA |
77,367 |
|
4,504,524 | ||
Suedzucker AG(b) |
695,115 |
|
8,627,423 | ||
Total Germany |
|
333,426,867 | |||
Hong Kong – 0.8% |
|
||||
Pacific Basin Shipping Ltd. |
5,089,000 |
|
1,131,572 | ||
SUNeVision Holdings Ltd.(b) |
3,686,000 |
|
3,245,260 | ||
Techtronic Industries Co. Ltd. |
1,043,500 |
|
12,506,764 | ||
VTech Holdings Ltd. |
648,000 |
|
4,755,704 | ||
Total Hong Kong |
|
21,639,300 | |||
Israel – 0.6% |
|
||||
Camtek Ltd. |
33,499 |
|
1,915,410 | ||
Hilan Ltd. |
11,622 |
|
709,117 | ||
Matrix IT Ltd. |
141,322 |
|
3,275,438 | ||
Newmed Energy LP |
2,989,656 |
|
10,019,132 | ||
Sapiens International Corp. NV |
35,694 |
|
969,219 | ||
Total Israel |
|
16,888,316 |
See Notes to Financial Statements.
12 WisdomTree Trust
Schedule of Investments (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) March 31, 2025
|
Investments |
Shares |
Value | |||
Italy – 2.3% |
|
||||
Amplifon SpA |
114,038 |
$ |
2,300,460 | ||
Brunello Cucinelli SpA |
29,304 |
|
3,342,683 | ||
Carel Industries SpA(a) |
17,480 |
|
318,349 | ||
DiaSorin SpA |
33,547 |
|
3,315,730 | ||
Ferrari NV |
37,011 |
|
15,679,883 | ||
Maire SpA |
211,435 |
|
2,015,561 | ||
Moncler SpA |
214,333 |
|
13,104,181 | ||
PRADA SpA |
1,914,300 |
|
13,323,310 | ||
Prysmian SpA |
96,280 |
|
5,237,526 | ||
Reply SpA |
13,743 |
|
2,238,656 | ||
Sesa SpA(b) |
16,709 |
|
1,227,337 | ||
Technogym SpA(a) |
282,495 |
|
3,634,351 | ||
Total Italy |
|
65,738,027 | |||
Japan – 17.3% |
|
||||
Advantest Corp. |
142,300 |
|
6,158,657 | ||
Asics Corp. |
240,300 |
|
5,053,788 | ||
AZ-COM MARUWA Holdings, Inc. |
61,900 |
|
510,383 | ||
BayCurrent, Inc. |
33,100 |
|
1,432,105 | ||
Capcom Co. Ltd. |
255,700 |
|
6,265,112 | ||
Chugai Pharmaceutical Co. Ltd. |
729,700 |
|
33,176,610 | ||
Cosmo Energy Holdings Co. Ltd. |
130,600 |
|
5,593,774 | ||
Create Restaurants Holdings, Inc. |
191,800 |
|
1,673,793 | ||
CyberAgent, Inc. |
405,400 |
|
3,062,052 | ||
Daifuku Co. Ltd. |
193,700 |
|
4,717,503 | ||
Daihen Corp. |
6,500 |
|
275,144 | ||
Daiichi Sankyo Co. Ltd. |
854,500 |
|
20,062,522 | ||
Dentsu Soken, Inc. |
68,600 |
|
2,789,140 | ||
Dexerials Corp. |
188,600 |
|
2,289,710 | ||
Dip Corp. |
7,000 |
|
104,574 | ||
Disco Corp. |
37,500 |
|
7,496,740 | ||
Financial Partners Group Co. Ltd. |
185,900 |
|
2,857,992 | ||
Food & Life Cos. Ltd. |
81,000 |
|
2,410,934 | ||
Fujikura Ltd. |
113,500 |
|
4,097,051 | ||
Fujimi, Inc. |
123,500 |
|
1,562,538 | ||
Fujitsu Ltd. |
694,000 |
|
13,695,292 | ||
Future Corp. |
153,900 |
|
1,785,586 | ||
GMO Payment Gateway, Inc. |
43,100 |
|
2,283,833 | ||
Goldwin, Inc. |
47,700 |
|
2,634,441 | ||
Hoya Corp. |
70,900 |
|
7,955,744 | ||
Internet Initiative Japan, Inc. |
100,100 |
|
1,739,735 | ||
Japan Material Co. Ltd. |
97,900 |
|
794,775 | ||
Justsystems Corp. |
42,000 |
|
946,503 | ||
Kakaku.com, Inc. |
180,891 |
|
2,580,787 | ||
Kasumigaseki Capital Co. Ltd.(b) |
9,500 |
|
810,619 | ||
Katitas Co. Ltd. |
139,100 |
|
1,838,047 | ||
Keyence Corp. |
40,000 |
|
15,642,637 | ||
Kobayashi Pharmaceutical Co. Ltd. |
74,500 |
|
2,825,261 | ||
Kobe Bussan Co. Ltd. |
70,100 |
|
1,651,949 | ||
Kotobuki Spirits Co. Ltd. |
135,500 |
|
2,201,852 |
Investments |
Shares |
Value | |||
Lasertec Corp. |
33,700 |
$ |
2,857,536 | ||
Macnica Holdings, Inc. |
332,500 |
|
4,283,545 | ||
Maruwa Co. Ltd. |
3,600 |
|
729,918 | ||
Meiko Electronics Co. Ltd. |
32,500 |
|
1,486,559 | ||
Micronics Japan Co. Ltd. |
45,200 |
|
1,051,866 | ||
MonotaRO Co. Ltd. |
109,100 |
|
2,040,974 | ||
Morinaga Milk Industry Co. Ltd. |
131,000 |
|
2,728,802 | ||
Murata Manufacturing Co. Ltd. |
1,404,300 |
|
21,650,486 | ||
Nextage Co. Ltd. |
156,800 |
|
1,586,454 | ||
Nihon Kohden Corp. |
183,500 |
|
2,458,488 | ||
Nihon M&A Center Holdings, Inc. |
667,600 |
|
2,582,184 | ||
Nintendo Co. Ltd. |
1,051,300 |
|
71,075,585 | ||
Nippon Steel Corp. |
1,885,600 |
|
40,286,826 | ||
Nomura Research Institute Ltd. |
253,300 |
|
8,191,513 | ||
NSD Co. Ltd. |
99,500 |
|
2,225,010 | ||
Olympus Corp. |
286,300 |
|
3,728,563 | ||
Oracle Corp. |
59,000 |
|
6,176,575 | ||
Organo Corp. |
14,600 |
|
621,921 | ||
PAL GROUP Holdings Co. Ltd. |
85,600 |
|
1,743,025 | ||
Pan Pacific International Holdings Corp. |
167,700 |
|
4,585,564 | ||
Recruit Holdings Co. Ltd. |
176,000 |
|
9,011,850 | ||
Riken Keiki Co. Ltd. |
36,700 |
|
631,955 | ||
Rorze Corp. |
88,300 |
|
826,964 | ||
Round One Corp. |
272,300 |
|
1,793,604 | ||
Sanrio Co. Ltd. |
96,200 |
|
4,419,513 | ||
SCREEN Holdings Co. Ltd. |
112,400 |
|
7,211,970 | ||
Shin-Etsu Chemical Co. Ltd. |
1,279,000 |
|
36,230,066 | ||
Simplex Holdings, Inc. |
97,300 |
|
1,815,347 | ||
SMS Co. Ltd. |
9,800 |
|
73,792 | ||
Socionext, Inc. |
166,200 |
|
1,983,308 | ||
Sysmex Corp. |
262,400 |
|
4,978,125 | ||
TechnoPro Holdings, Inc. |
79,200 |
|
1,747,760 | ||
Tokyo Electron Ltd. |
365,300 |
|
49,125,204 | ||
Tokyo Ohka Kogyo Co. Ltd. |
109,000 |
|
2,257,409 | ||
Toridoll Holdings Corp. |
43,400 |
|
1,174,244 | ||
Towa Corp. |
123,400 |
|
1,226,243 | ||
Ulvac, Inc. |
56,000 |
|
1,903,865 | ||
Yaskawa Electric Corp. |
120,400 |
|
3,003,156 | ||
ZOZO, Inc. |
727,200 |
|
6,968,554 | ||
Total Japan |
|
489,451,506 | |||
Netherlands – 6.6% |
|
||||
Arcadis NV |
20,940 |
|
1,063,112 | ||
ASM International NV |
9,778 |
|
4,387,538 | ||
ASML Holding NV |
124,913 |
|
81,768,243 | ||
Corbion NV |
96,174 |
|
2,020,606 | ||
Fugro NV |
16,119 |
|
231,054 | ||
Heineken Holding NV |
265,209 |
|
19,165,439 | ||
Koninklijke KPN NV |
6,045,620 |
|
25,579,899 | ||
Universal Music Group NV |
1,346,165 |
|
36,978,480 | ||
Wolters Kluwer NV |
111,410 |
|
17,275,546 | ||
Total Netherlands |
|
188,469,917 |
See Notes to Financial Statements.
WisdomTree Trust 13
Schedule of Investments (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) March 31, 2025
|
Investments |
Shares |
Value | |||
Norway – 1.3% |
|
||||
Aker ASA, Class A |
144,996 |
$ |
8,561,036 | ||
Borregaard ASA |
62,827 |
|
1,021,010 | ||
Europris ASA(a) |
356,128 |
|
2,841,343 | ||
Golden Ocean Group Ltd. |
201,459 |
|
1,610,578 | ||
Kongsberg Gruppen ASA |
69,994 |
|
10,198,800 | ||
Mowi ASA |
687,328 |
|
12,696,580 | ||
Total Norway |
|
36,929,347 | |||
Portugal – 0.7% |
|
||||
Jeronimo Martins SGPS SA |
915,366 |
|
19,380,066 | ||
Singapore – 0.0% |
|
||||
iFAST Corp. Ltd. |
239,100 |
|
1,319,933 | ||
Spain – 5.4% |
|
||||
Acerinox SA |
768,302 |
|
8,971,438 | ||
Amadeus IT Group SA |
298,081 |
|
22,700,102 | ||
Industria de Diseno Textil SA |
2,402,393 |
|
118,983,790 | ||
Laboratorios Farmaceuticos Rovi SA |
33,383 |
|
1,857,107 | ||
Total Spain |
|
152,512,437 | |||
Sweden – 5.5% |
|
||||
AddTech AB, Class B |
54,211 |
|
1,580,171 | ||
Atlas Copco AB, Class A |
1,747,586 |
|
27,731,452 | ||
Axfood AB |
270,821 |
|
6,087,683 | ||
Beijer Ref AB |
81,175 |
|
1,136,196 | ||
BioGaia AB, Class B |
202,985 |
|
2,224,831 | ||
Biotage AB |
66,922 |
|
637,235 | ||
Bravida Holding AB(a) |
249,177 |
|
2,251,129 | ||
Bufab AB |
7,644 |
|
304,844 | ||
Epiroc AB, Class A |
470,942 |
|
9,428,123 | ||
Epiroc AB, Class B |
209,327 |
|
3,667,614 | ||
EQT AB |
512,204 |
|
15,511,290 | ||
Evolution AB(a) |
230,915 |
|
17,148,917 | ||
Fortnox AB |
213,062 |
|
1,844,893 | ||
Hemnet Group AB |
32,317 |
|
1,070,681 | ||
HMS Networks AB |
45,780 |
|
2,011,657 | ||
Indutrade AB |
93,655 |
|
2,582,596 | ||
JM AB |
95,251 |
|
1,365,456 | ||
Lifco AB, Class B |
73,176 |
|
2,584,628 | ||
Lindab International AB |
58,725 |
|
1,135,319 | ||
Munters Group AB(a) |
34,864 |
|
352,975 | ||
NCAB Group AB |
226,987 |
|
1,160,345 | ||
New Wave Group AB, Class B |
243,049 |
|
2,411,109 | ||
Nolato AB, Class B |
115,966 |
|
657,461 | ||
Paradox Interactive AB |
111,378 |
|
2,020,196 | ||
Sandvik AB |
1,067,756 |
|
22,322,203 | ||
Sectra AB, Class B |
55,990 |
|
1,334,104 | ||
Securitas AB, Class B |
552,641 |
|
7,809,518 | ||
SkiStar AB |
83,593 |
|
1,355,616 | ||
Sweco AB, Class B |
154,779 |
|
2,770,432 | ||
Thule Group AB(a) |
161,333 |
|
4,625,529 | ||
Trelleborg AB, Class B |
120,192 |
|
4,448,675 |
Investments |
Shares |
Value | |||
Truecaller AB, Class B |
260,359 |
$ |
1,758,604 | ||
Vitec Software Group AB, Class B |
31,089 |
|
1,688,291 | ||
Total Sweden |
|
155,019,773 | |||
Switzerland – 6.0% |
|
||||
Belimo Holding AG, Registered Shares |
5,106 |
|
3,122,177 | ||
Clariant AG, Registered Shares |
400,290 |
|
4,309,423 | ||
Comet Holding AG, Registered Shares |
4,394 |
|
1,090,119 | ||
Geberit AG, Registered Shares |
29,251 |
|
18,183,724 | ||
Georg Fischer AG, Registered Shares |
57,537 |
|
4,175,050 | ||
Huber & Suhner AG, Registered Shares |
12,158 |
|
1,014,140 | ||
Logitech International SA, Registered Shares |
97,494 |
|
8,145,529 | ||
Lonza Group AG, Registered Shares |
19,313 |
|
11,835,556 | ||
SFS Group AG |
25,178 |
|
3,164,503 | ||
Sika AG, Registered Shares |
72,167 |
|
17,390,228 | ||
Sonova Holding AG, Registered Shares |
27,457 |
|
7,960,125 | ||
Stadler Rail AG |
86,967 |
|
2,024,889 | ||
Straumann Holding AG, Registered Shares |
40,749 |
|
4,879,747 | ||
Sulzer AG, Registered Shares |
24,792 |
|
4,197,617 | ||
UBS Group AG, Registered Shares |
2,440,588 |
|
74,121,051 | ||
VAT Group AG(a) |
14,021 |
|
4,988,766 | ||
Total Switzerland |
|
170,602,644 | |||
United Kingdom – 9.3% |
|
||||
Admiral Group PLC |
442,032 |
|
16,260,763 | ||
Ashtead Group PLC |
165,916 |
|
8,878,915 | ||
Auto Trader Group PLC(a) |
269,092 |
|
2,584,835 | ||
B&M European Value Retail SA |
2,562,522 |
|
8,612,930 | ||
Barratt Redrow PLC |
1,458,514 |
|
7,961,422 | ||
Bellway PLC |
130,144 |
|
3,974,488 | ||
Bytes Technology Group PLC |
30,604 |
|
191,585 | ||
Compass Group PLC |
945,352 |
|
31,152,055 | ||
Croda International PLC |
111,575 |
|
4,209,573 | ||
Greggs PLC |
46,926 |
|
1,052,703 | ||
Hays PLC |
440,986 |
|
451,378 | ||
Howden Joinery Group PLC |
320,968 |
|
2,978,743 | ||
Imperial Brands PLC |
1,782,150 |
|
65,903,916 | ||
Inchcape PLC |
162,899 |
|
1,408,755 | ||
InterContinental Hotels Group PLC |
60,704 |
|
6,465,749 | ||
Intertek Group PLC |
95,699 |
|
6,182,353 | ||
JD Sports Fashion PLC |
645,981 |
|
566,150 | ||
Kainos Group PLC |
14,634 |
|
125,422 | ||
Man Group PLC |
2,109,736 |
|
5,394,546 | ||
MONY Group PLC |
491,322 |
|
1,272,153 | ||
Next PLC |
82,614 |
|
11,820,387 | ||
Persimmon PLC |
344,881 |
|
5,304,026 | ||
RELX PLC |
975,874 |
|
48,784,694 | ||
Renishaw PLC |
33,487 |
|
1,102,196 | ||
Rightmove PLC |
272,824 |
|
2,414,325 | ||
RS Group PLC |
183,878 |
|
1,332,668 | ||
Sage Group PLC |
519,181 |
|
8,088,508 | ||
Savills PLC |
114,788 |
|
1,414,954 |
See Notes to Financial Statements.
14 WisdomTree Trust
Schedule of Investments (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) March 31, 2025
|
Investments |
Shares |
Value |
||||
Softcat PLC |
98,067 |
$ |
2,001,230 |
|||
Spectris PLC |
72,039 |
|
2,155,378 |
|||
Spirax Group PLC |
24,912 |
|
1,987,190 |
|||
Telecom Plus PLC |
98,423 |
|
2,210,488 |
|||
Total United Kingdom |
|
264,244,478 |
||||
United States – 12.5% |
|
|||||
BP PLC |
28,486,362 |
|
160,348,689 |
|||
CSL Ltd. |
206,689 |
|
32,106,829 |
|||
Experian PLC |
286,516 |
|
13,195,203 |
|||
GSK PLC |
5,683,551 |
|
107,253,006 |
|||
Roche Holding AG, Bearer Shares |
116,539 |
|
40,358,914 |
|||
Total United States |
|
353,262,641 |
||||
TOTAL COMMON STOCKS (Cost: $2,601,304,857) |
|
2,838,949,132 |
||||
EXCHANGE-TRADED FUNDS – 0.0% |
|
|||||
United States – 0.0% |
|
|||||
WisdomTree International Quality Dividend Growth Fund(c) (Cost: $170,492) |
6,017 |
|
214,687 |
|||
MUTUAL FUND – 0.0% |
|
|||||
United States – 0.0% |
|
|||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.21%(d) (Cost: $373,690) |
373,690 |
|
373,690 |
|||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% |
||||||
United States – 0.3% |
|
|||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.29%(d) (Cost: $8,036,036) |
8,036,036 |
|
8,036,036 |
|||
TOTAL INVESTMENTS IN SECURITIES – 100.4% (Cost: $2,609,885,075) |
|
2,847,573,545 |
||||
Other Liabilities less Assets – (0.4)% |
|
(12,281,991 |
) | |||
NET ASSETS – 100.0% |
|
$2,835,291,554 |
(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, 2025 (See Note 2). At March 31, 2025, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $7,535,745 and the total market value of the collateral held by the Fund was $8,036,036.
(c) Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.
(d) Rate shown represents annualized 7-day yield as of March 31, 2025.
CURRENCY ABBREVIATIONS: |
||
AUD |
Australian dollar | |
CHF |
Swiss franc | |
DKK |
Danish krone | |
EUR |
Euro | |
GBP |
British pound | |
HKD |
Hong Kong dollar | |
ILS |
Israel shekel | |
JPY |
Japanese yen | |
NOK |
Norwegian krone | |
SEK |
Swedish krona | |
SGD |
Singapore dollar | |
USD |
United States dollar |
INVESTMENT IN AFFILIATES
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2025 were as follows:
Affiliate |
Value
at |
Purchases/
|
Sales/
|
Realized
|
Change
in |
Value
at |
Dividend
| |||||||
WisdomTree International Quality Dividend Growth Fund |
$1,150,249 |
$— |
$887,427 |
$189,740 |
$(237,876) |
$214,687 |
$14,551 |
See Notes to Financial Statements.
WisdomTree Trust 15
Schedule of Investments (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) March 31, 2025
|
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
Barclays Bank PLC |
4/3/2025 |
36,761,523 |
USD |
59,103,457 |
AUD |
$ |
— |
$ |
(69,093 |
) | |||||||
Barclays Bank PLC |
4/3/2025 |
45,266,930 |
USD |
40,700,900 |
CHF |
|
— |
|
(741,254 |
) | |||||||
Barclays Bank PLC |
4/3/2025 |
32,170,246 |
USD |
230,297,526 |
DKK |
|
— |
|
(1,175,755 |
) | |||||||
Barclays Bank PLC |
4/3/2025 |
205,826,349 |
USD |
197,612,013 |
EUR |
|
— |
|
(7,645,398 |
) | |||||||
Barclays Bank PLC |
4/3/2025 |
120,220,155 |
USD |
95,484,359 |
GBP |
|
— |
|
(3,026,021 |
) | |||||||
Barclays Bank PLC |
4/3/2025 |
8,243,167 |
USD |
64,067,361 |
HKD |
|
8,333 |
|
— |
| |||||||
Barclays Bank PLC |
4/3/2025 |
3,950,460 |
USD |
14,208,762 |
ILS |
|
137,898 |
|
— |
| |||||||
Barclays Bank PLC |
4/3/2025 |
108,223,264 |
USD |
16,252,774,985 |
JPY |
|
— |
|
(473,832 |
) | |||||||
Barclays Bank PLC |
4/3/2025 |
8,712,289 |
USD |
97,955,384 |
NOK |
|
— |
|
(586,118 |
) | |||||||
Barclays Bank PLC |
4/3/2025 |
33,870,790 |
USD |
362,938,826 |
SEK |
|
— |
|
(2,262,333 |
) | |||||||
Barclays Bank PLC |
4/3/2025 |
264,807 |
USD |
356,659 |
SGD |
|
— |
|
(559 |
) | |||||||
Citibank NA |
4/3/2025 |
59,352,795 |
AUD |
36,986,881 |
USD |
|
— |
|
(889 |
) | |||||||
Citibank NA |
4/3/2025 |
40,289,967 |
CHF |
45,544,428 |
USD |
|
— |
|
(761 |
) | |||||||
Citibank NA |
4/3/2025 |
223,537,096 |
DKK |
32,367,456 |
USD |
|
— |
|
(334 |
) | |||||||
Citibank NA |
4/3/2025 |
191,701,043 |
EUR |
207,088,119 |
USD |
|
— |
|
(1,738 |
) | |||||||
Citibank NA |
4/3/2025 |
93,710,012 |
GBP |
120,957,135 |
USD |
|
— |
|
(1,192 |
) | |||||||
Citibank NA |
4/3/2025 |
64,525,370 |
HKD |
8,293,696 |
USD |
|
8 |
|
— |
| |||||||
Citibank NA |
4/3/2025 |
14,812,504 |
ILS |
3,974,677 |
USD |
|
— |
|
(116 |
) | |||||||
Citibank NA |
4/3/2025 |
16,281,011,750 |
JPY |
108,886,701 |
USD |
|
— |
|
(760 |
) | |||||||
Citibank NA |
4/3/2025 |
92,341,776 |
NOK |
8,765,695 |
USD |
|
— |
|
(159 |
) | |||||||
Citibank NA |
4/3/2025 |
342,295,618 |
SEK |
34,078,424 |
USD |
|
— |
|
(478 |
) | |||||||
Citibank NA |
4/3/2025 |
358,090 |
SGD |
266,430 |
USD |
|
1 |
|
— |
| |||||||
Citibank NA |
4/3/2025 |
36,761,523 |
USD |
59,103,077 |
AUD |
|
— |
|
(68,856 |
) | |||||||
Citibank NA |
4/3/2025 |
45,266,930 |
USD |
40,701,081 |
CHF |
|
— |
|
(741,459 |
) | |||||||
Citibank NA |
4/3/2025 |
32,170,246 |
USD |
230,296,175 |
DKK |
|
— |
|
(1,175,559 |
) | |||||||
Citibank NA |
4/3/2025 |
205,826,349 |
USD |
197,612,392 |
EUR |
|
— |
|
(7,645,808 |
) | |||||||
Citibank NA |
4/3/2025 |
120,220,155 |
USD |
95,484,207 |
GBP |
|
— |
|
(3,025,826 |
) | |||||||
Citibank NA |
4/3/2025 |
8,243,167 |
USD |
64,068,532 |
HKD |
|
8,183 |
|
— |
| |||||||
Citibank NA |
4/3/2025 |
3,950,460 |
USD |
14,210,160 |
ILS |
|
137,523 |
|
— |
| |||||||
Citibank NA |
4/3/2025 |
108,223,264 |
USD |
16,252,796,630 |
JPY |
|
— |
|
(473,977 |
) | |||||||
Citibank NA |
4/3/2025 |
8,712,289 |
USD |
97,955,097 |
NOK |
|
— |
|
(586,091 |
) | |||||||
Citibank NA |
4/3/2025 |
33,870,790 |
USD |
362,936,895 |
SEK |
|
— |
|
(2,262,141 |
) | |||||||
Citibank NA |
4/3/2025 |
264,807 |
USD |
356,661 |
SGD |
|
— |
|
(561 |
) | |||||||
Citibank NA |
5/5/2025 |
35,043,884 |
USD |
56,221,337 |
AUD |
|
231 |
|
— |
| |||||||
Citibank NA |
5/5/2025 |
25,974,298 |
USD |
179,033,823 |
DKK |
|
— |
|
(396 |
) | |||||||
Citibank NA |
5/5/2025 |
3,391,256 |
USD |
12,629,516 |
ILS |
|
— |
|
(304 |
) | |||||||
Citibank NA |
5/6/2025 |
43,313,689 |
USD |
38,166,723 |
CHF |
|
— |
|
(198 |
) | |||||||
Citibank NA |
5/6/2025 |
201,159,489 |
USD |
185,877,909 |
EUR |
|
1,614 |
|
— |
| |||||||
Citibank NA |
5/6/2025 |
120,158,954 |
USD |
93,099,565 |
GBP |
|
— |
|
(1,187 |
) | |||||||
Citibank NA |
5/6/2025 |
8,913,118 |
USD |
93,895,331 |
NOK |
|
— |
|
(9 |
) | |||||||
Citibank NA |
5/6/2025 |
31,567,153 |
USD |
316,448,082 |
SEK |
|
— |
|
(538 |
) | |||||||
Citibank NA |
5/6/2025 |
221,680 |
USD |
297,404 |
SGD |
|
— |
|
(1 |
) | |||||||
Citibank NA |
5/7/2025 |
7,004,555 |
USD |
54,446,616 |
HKD |
|
— |
|
(385 |
) | |||||||
Citibank NA |
5/7/2025 |
101,851,557 |
USD |
15,170,972,747 |
JPY |
|
1,049 |
|
— |
| |||||||
Goldman Sachs |
4/3/2025 |
59,353,652 |
AUD |
36,986,881 |
USD |
|
— |
|
(355 |
) | |||||||
Goldman Sachs |
4/3/2025 |
40,290,514 |
CHF |
45,544,428 |
USD |
|
— |
|
(143 |
) | |||||||
Goldman Sachs |
4/3/2025 |
223,535,524 |
DKK |
32,367,458 |
USD |
|
— |
|
(564 |
) | |||||||
Goldman Sachs |
4/3/2025 |
191,700,334 |
EUR |
207,088,120 |
USD |
|
— |
|
(2,505 |
) | |||||||
Goldman Sachs |
4/3/2025 |
93,709,505 |
GBP |
120,957,137 |
USD |
|
— |
|
(1,848 |
) | |||||||
Goldman Sachs |
4/3/2025 |
64,524,596 |
HKD |
8,293,700 |
USD |
|
— |
|
(96 |
) | |||||||
Goldman Sachs |
4/3/2025 |
14,812,083 |
ILS |
3,974,677 |
USD |
|
— |
|
(229 |
) | |||||||
Goldman Sachs |
4/3/2025 |
16,280,913,752 |
JPY |
108,886,701 |
USD |
|
— |
|
(1,415 |
) | |||||||
Goldman Sachs |
4/3/2025 |
92,342,640 |
NOK |
8,765,698 |
USD |
|
— |
|
(80 |
) | |||||||
Goldman Sachs |
4/3/2025 |
342,300,760 |
SEK |
34,078,427 |
USD |
|
31 |
|
— |
| |||||||
Goldman Sachs |
4/3/2025 |
358,089 |
SGD |
266,430 |
USD |
|
1 |
|
— |
| |||||||
Goldman Sachs |
5/5/2025 |
35,043,886 |
USD |
56,222,152 |
AUD |
|
— |
|
(275 |
) | |||||||
Goldman Sachs |
5/5/2025 |
25,974,300 |
USD |
179,032,564 |
DKK |
|
— |
|
(212 |
) |
See Notes to Financial Statements.
16 WisdomTree Trust
Schedule of Investments (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) March 31, 2025
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
Goldman Sachs |
5/5/2025 |
3,391,260 |
USD |
12,627,740 |
ILS |
$ |
177 |
$ |
— |
| |||||||
Goldman Sachs |
5/6/2025 |
43,313,691 |
USD |
38,166,595 |
CHF |
|
— |
|
(51 |
) | |||||||
Goldman Sachs |
5/6/2025 |
201,159,491 |
USD |
185,877,052 |
EUR |
|
2,544 |
|
— |
| |||||||
Goldman Sachs |
5/6/2025 |
120,158,955 |
USD |
93,099,422 |
GBP |
|
— |
|
(1,000 |
) | |||||||
Goldman Sachs |
5/6/2025 |
8,913,120 |
USD |
93,895,575 |
NOK |
|
— |
|
(30 |
) | |||||||
Goldman Sachs |
5/6/2025 |
31,567,157 |
USD |
316,454,436 |
SEK |
|
— |
|
(1,168 |
) | |||||||
Goldman Sachs |
5/6/2025 |
221,684 |
USD |
297,412 |
SGD |
|
— |
|
(3 |
) | |||||||
Goldman Sachs |
5/7/2025 |
7,004,558 |
USD |
54,444,489 |
HKD |
|
— |
|
(108 |
) | |||||||
Goldman Sachs |
5/7/2025 |
101,851,558 |
USD |
15,170,789,564 |
JPY |
|
2,280 |
|
— |
| |||||||
HSBC Holdings PLC |
4/3/2025 |
36,761,523 |
USD |
59,102,792 |
AUD |
|
— |
|
(68,678 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
45,266,930 |
USD |
40,700,900 |
CHF |
|
— |
|
(741,254 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
32,170,246 |
USD |
230,296,175 |
DKK |
|
— |
|
(1,175,559 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
205,826,349 |
USD |
197,612,392 |
EUR |
|
— |
|
(7,645,808 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
120,220,155 |
USD |
95,484,359 |
GBP |
|
— |
|
(3,026,021 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
8,243,167 |
USD |
64,067,361 |
HKD |
|
8,333 |
|
— |
| |||||||
HSBC Holdings PLC |
4/3/2025 |
3,950,460 |
USD |
14,209,749 |
ILS |
|
137,633 |
|
— |
| |||||||
HSBC Holdings PLC |
4/3/2025 |
108,223,264 |
USD |
16,252,774,985 |
JPY |
|
— |
|
(473,832 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
8,712,289 |
USD |
97,954,051 |
NOK |
|
— |
|
(585,992 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
33,870,790 |
USD |
362,932,628 |
SEK |
|
— |
|
(2,261,716 |
) | |||||||
HSBC Holdings PLC |
4/3/2025 |
264,807 |
USD |
356,655 |
SGD |
|
— |
|
(557 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
1,126,790 |
USD |
1,804,969 |
AUD |
|
2,014 |
|
— |
| |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
1,387,492 |
USD |
1,242,315 |
CHF |
|
— |
|
(16,817 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
986,061 |
USD |
7,002,122 |
DKK |
|
— |
|
(27,813 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
6,308,854 |
USD |
6,007,975 |
EUR |
|
— |
|
(181,303 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
3,684,909 |
USD |
2,901,609 |
GBP |
|
— |
|
(60,335 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
252,664 |
USD |
1,963,801 |
HKD |
|
249 |
|
— |
| |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
121,087 |
USD |
435,353 |
ILS |
|
4,271 |
|
— |
| |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
3,317,188 |
USD |
496,761,840 |
JPY |
|
— |
|
(5,110 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
267,043 |
USD |
2,979,134 |
NOK |
|
— |
|
(15,751 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
1,038,185 |
USD |
10,948,182 |
SEK |
|
— |
|
(51,784 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
8,117 |
USD |
10,901 |
SGD |
|
6 |
|
— |
| |||||||
Royal Bank of Canada |
4/3/2025 |
59,353,557 |
AUD |
36,986,881 |
USD |
|
— |
|
(415 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
40,290,195 |
CHF |
45,544,428 |
USD |
|
— |
|
(504 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
223,537,174 |
DKK |
32,367,458 |
USD |
|
— |
|
(325 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
191,700,689 |
EUR |
207,088,120 |
USD |
|
— |
|
(2,121 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
93,709,941 |
GBP |
120,957,137 |
USD |
|
— |
|
(1,286 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
64,524,397 |
HKD |
8,293,700 |
USD |
|
— |
|
(121 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
14,812,015 |
ILS |
3,974,677 |
USD |
|
— |
|
(248 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
16,280,956,762 |
JPY |
108,886,701 |
USD |
|
— |
|
(1,127 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
92,342,307 |
NOK |
8,765,698 |
USD |
|
— |
|
(112 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
342,295,819 |
SEK |
34,078,427 |
USD |
|
— |
|
(461 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
358,086 |
SGD |
266,430 |
USD |
|
— |
|
(2 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
36,761,523 |
USD |
59,102,412 |
AUD |
|
— |
|
(68,442 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
45,266,928 |
USD |
40,700,898 |
CHF |
|
— |
|
(741,254 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
32,170,243 |
USD |
230,293,644 |
DKK |
|
— |
|
(1,175,195 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
205,826,349 |
USD |
197,611,633 |
EUR |
|
— |
|
(7,644,988 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
120,220,154 |
USD |
95,484,813 |
GBP |
|
— |
|
(3,026,609 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
8,243,164 |
USD |
64,068,261 |
HKD |
|
8,214 |
|
— |
| |||||||
Royal Bank of Canada |
4/3/2025 |
3,950,458 |
USD |
14,209,636 |
ILS |
|
137,662 |
|
— |
| |||||||
Royal Bank of Canada |
4/3/2025 |
108,223,261 |
USD |
16,252,929,619 |
JPY |
|
— |
|
(474,870 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
8,712,288 |
USD |
97,954,633 |
NOK |
|
— |
|
(586,048 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
33,870,787 |
USD |
362,931,444 |
SEK |
|
— |
|
(2,261,601 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
264,805 |
USD |
356,651 |
SGD |
|
— |
|
(556 |
) | |||||||
Royal Bank of Canada |
5/5/2025 |
35,043,886 |
USD |
56,221,701 |
AUD |
|
6 |
|
— |
| |||||||
Royal Bank of Canada |
5/5/2025 |
25,974,300 |
USD |
179,033,317 |
DKK |
|
— |
|
(321 |
) | |||||||
Royal Bank of Canada |
5/5/2025 |
3,391,260 |
USD |
12,629,018 |
ILS |
|
— |
|
(167 |
) | |||||||
Royal Bank of Canada |
5/6/2025 |
43,313,691 |
USD |
38,166,249 |
CHF |
|
343 |
|
— |
| |||||||
Royal Bank of Canada |
5/6/2025 |
201,159,491 |
USD |
185,877,567 |
EUR |
|
1,986 |
|
— |
| |||||||
Royal Bank of Canada |
5/6/2025 |
120,158,955 |
USD |
93,099,205 |
GBP |
|
— |
|
(721 |
) | |||||||
Royal Bank of Canada |
5/6/2025 |
8,913,120 |
USD |
93,895,379 |
NOK |
|
— |
|
(11 |
) |
See Notes to Financial Statements.
WisdomTree Trust 17
Schedule of Investments (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) March 31, 2025
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
Royal Bank of Canada |
5/6/2025 |
31,567,157 |
USD |
316,446,165 |
SEK |
$ |
— |
$ |
(343 |
) | |||||||
Royal Bank of Canada |
5/6/2025 |
221,684 |
USD |
297,410 |
SGD |
|
— |
|
(2 |
) | |||||||
Royal Bank of Canada |
5/7/2025 |
7,004,558 |
USD |
54,442,962 |
HKD |
|
88 |
|
— |
| |||||||
Royal Bank of Canada |
5/7/2025 |
101,851,558 |
USD |
15,170,758,499 |
JPY |
|
2,489 |
|
— |
| |||||||
Standard Chartered Bank |
4/3/2025 |
59,352,318 |
AUD |
36,986,881 |
USD |
|
— |
|
(1,186 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
40,290,651 |
CHF |
45,544,428 |
USD |
|
11 |
|
— |
| |||||||
Standard Chartered Bank |
4/3/2025 |
223,539,375 |
DKK |
32,367,458 |
USD |
|
— |
|
(6 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
191,700,867 |
EUR |
207,088,120 |
USD |
|
— |
|
(1,930 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
93,710,957 |
GBP |
120,957,137 |
USD |
|
26 |
|
— |
| |||||||
Standard Chartered Bank |
4/3/2025 |
64,524,115 |
HKD |
8,293,700 |
USD |
|
— |
|
(158 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
14,812,707 |
ILS |
3,974,677 |
USD |
|
— |
|
(62 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
16,280,968,195 |
JPY |
108,886,701 |
USD |
|
— |
|
(1,051 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
92,343,560 |
NOK |
8,765,698 |
USD |
|
7 |
|
— |
| |||||||
Standard Chartered Bank |
4/3/2025 |
342,300,078 |
SEK |
34,078,427 |
USD |
|
— |
|
(37 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
358,081 |
SGD |
266,430 |
USD |
|
— |
|
(5 |
) | |||||||
Standard Chartered Bank |
5/5/2025 |
35,043,886 |
USD |
56,220,258 |
AUD |
|
905 |
|
— |
| |||||||
Standard Chartered Bank |
5/5/2025 |
25,974,300 |
USD |
179,038,253 |
DKK |
|
— |
|
(1,037 |
) | |||||||
Standard Chartered Bank |
5/5/2025 |
3,391,260 |
USD |
12,628,184 |
ILS |
|
57 |
|
— |
| |||||||
Standard Chartered Bank |
5/6/2025 |
43,313,691 |
USD |
38,166,725 |
CHF |
|
— |
|
(198 |
) | |||||||
Standard Chartered Bank |
5/6/2025 |
201,159,491 |
USD |
185,877,567 |
EUR |
|
1,986 |
|
— |
| |||||||
Standard Chartered Bank |
5/6/2025 |
120,158,955 |
USD |
93,100,143 |
GBP |
|
— |
|
(1,931 |
) | |||||||
Standard Chartered Bank |
5/6/2025 |
8,913,120 |
USD |
93,897,268 |
NOK |
|
— |
|
(190 |
) | |||||||
Standard Chartered Bank |
5/6/2025 |
31,567,157 |
USD |
316,445,912 |
SEK |
|
— |
|
(318 |
) | |||||||
Standard Chartered Bank |
5/6/2025 |
221,684 |
USD |
297,414 |
SGD |
|
— |
|
(4 |
) | |||||||
Standard Chartered Bank |
5/7/2025 |
7,004,558 |
USD |
54,443,740 |
HKD |
|
— |
|
(12 |
) | |||||||
Standard Chartered Bank |
5/7/2025 |
101,851,558 |
USD |
15,170,850,675 |
JPY |
|
1,870 |
|
— |
| |||||||
UBS Group AG |
4/3/2025 |
59,353,557 |
AUD |
36,986,881 |
USD |
|
— |
|
(415 |
) | |||||||
UBS Group AG |
4/3/2025 |
40,290,058 |
CHF |
45,544,428 |
USD |
|
— |
|
(658 |
) | |||||||
UBS Group AG |
4/3/2025 |
223,537,504 |
DKK |
32,367,458 |
USD |
|
— |
|
(277 |
) | |||||||
UBS Group AG |
4/3/2025 |
191,700,689 |
EUR |
207,088,120 |
USD |
|
— |
|
(2,121 |
) | |||||||
UBS Group AG |
4/3/2025 |
93,710,014 |
GBP |
120,957,137 |
USD |
|
— |
|
(1,192 |
) | |||||||
UBS Group AG |
4/3/2025 |
64,523,070 |
HKD |
8,293,700 |
USD |
|
— |
|
(292 |
) | |||||||
UBS Group AG |
4/3/2025 |
14,812,280 |
ILS |
3,974,677 |
USD |
|
— |
|
(177 |
) | |||||||
UBS Group AG |
4/3/2025 |
16,280,576,203 |
JPY |
108,886,701 |
USD |
|
— |
|
(3,673 |
) | |||||||
UBS Group AG |
4/3/2025 |
92,342,365 |
NOK |
8,765,698 |
USD |
|
— |
|
(106 |
) | |||||||
UBS Group AG |
4/3/2025 |
342,295,648 |
SEK |
34,078,427 |
USD |
|
— |
|
(478 |
) | |||||||
UBS Group AG |
4/3/2025 |
358,088 |
SGD |
266,430 |
USD |
|
— |
|
(0 |
)^ | |||||||
UBS Group AG |
4/3/2025 |
36,761,523 |
USD |
59,103,267 |
AUD |
|
— |
|
(68,974 |
) | |||||||
UBS Group AG |
4/3/2025 |
45,266,930 |
USD |
40,703,163 |
CHF |
|
— |
|
(743,813 |
) | |||||||
UBS Group AG |
4/3/2025 |
32,170,246 |
USD |
230,299,135 |
DKK |
|
— |
|
(1,175,987 |
) | |||||||
UBS Group AG |
4/3/2025 |
205,826,349 |
USD |
197,612,962 |
EUR |
|
— |
|
(7,646,423 |
) | |||||||
UBS Group AG |
4/3/2025 |
120,220,155 |
USD |
95,484,966 |
GBP |
|
— |
|
(3,026,805 |
) | |||||||
UBS Group AG |
4/3/2025 |
8,243,167 |
USD |
64,068,515 |
HKD |
|
8,185 |
|
— |
| |||||||
UBS Group AG |
4/3/2025 |
3,950,460 |
USD |
14,209,765 |
ILS |
|
137,629 |
|
— |
| |||||||
UBS Group AG |
4/3/2025 |
108,223,264 |
USD |
16,252,785,807 |
JPY |
|
— |
|
(473,905 |
) | |||||||
UBS Group AG |
4/3/2025 |
8,712,289 |
USD |
97,954,713 |
NOK |
|
— |
|
(586,054 |
) | |||||||
UBS Group AG |
4/3/2025 |
33,870,790 |
USD |
362,939,165 |
SEK |
|
— |
|
(2,262,367 |
) | |||||||
UBS Group AG |
4/3/2025 |
264,807 |
USD |
356,654 |
SGD |
|
— |
|
(556 |
) | |||||||
UBS Group AG |
5/5/2025 |
35,043,886 |
USD |
56,222,062 |
AUD |
|
— |
|
(219 |
) | |||||||
UBS Group AG |
5/5/2025 |
25,974,300 |
USD |
179,033,837 |
DKK |
|
— |
|
(396 |
) | |||||||
UBS Group AG |
5/5/2025 |
3,391,260 |
USD |
12,628,208 |
ILS |
|
51 |
|
— |
| |||||||
UBS Group AG |
5/6/2025 |
43,313,691 |
USD |
38,167,245 |
CHF |
|
— |
|
(788 |
) | |||||||
UBS Group AG |
5/6/2025 |
201,159,491 |
USD |
185,877,223 |
EUR |
|
2,358 |
|
— |
| |||||||
UBS Group AG |
5/6/2025 |
120,158,955 |
USD |
93,099,422 |
GBP |
|
— |
|
(1,000 |
) | |||||||
UBS Group AG |
5/6/2025 |
8,913,120 |
USD |
93,895,281 |
NOK |
|
— |
|
(2 |
) |
See Notes to Financial Statements.
18 WisdomTree Trust
Schedule of Investments (concluded) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) March 31, 2025
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
UBS Group AG |
5/6/2025 |
31,567,157 |
USD |
316,452,857 |
SEK |
$ |
— |
$ |
(1,011 |
) | |||||||
UBS Group AG |
5/6/2025 |
221,684 |
USD |
297,410 |
SGD |
|
— |
|
(2 |
) | |||||||
UBS Group AG |
5/7/2025 |
7,004,558 |
USD |
54,442,654 |
HKD |
|
128 |
|
— |
| |||||||
UBS Group AG |
5/7/2025 |
101,851,558 |
USD |
15,170,565,490 |
JPY |
|
3,785 |
|
— |
| |||||||
$ |
760,165 |
$ |
(80,312,164 |
) |
^ Amount represents less than $1.
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted
|
Other
|
Significant
|
Total | ||||||||||
Assets: |
|
|
|
|
| ||||||||
Investments in Securities |
|
|
|
|
| ||||||||
Common Stocks |
$ |
2,838,949,132 |
$ |
— |
|
$— |
$ |
2,838,949,132 |
| ||||
Exchange-Traded Fund |
|
214,687 |
|
— |
|
— |
|
214,687 |
| ||||
Mutual Fund |
|
— |
|
373,690 |
|
— |
|
373,690 |
| ||||
Investment of Cash Collateral for Securities Loaned |
|
— |
|
8,036,036 |
|
— |
|
8,036,036 |
| ||||
Total Investments in Securities |
$ |
2,839,163,819 |
$ |
8,409,726 |
|
$— |
$ |
2,847,573,545 |
| ||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
760,165 |
|
$— |
$ |
760,165 |
| ||||
Liabilities: |
|
|
|
|
| ||||||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
(80,312,164 |
) |
$— |
$ |
(80,312,164 |
) | ||||
Total – Net |
$ |
2,839,163,819 |
$ |
(71,142,273 |
) |
$— |
$ |
2,768,021,546 |
|
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
WisdomTree Trust 19
Schedule of Investments WisdomTree Japan Hedged Equity Fund (DXJ) March 31, 2025
|
Investments |
Shares |
Value | |||
COMMON STOCKS – 99.0% |
|
||||
Japan – 99.0% |
|
||||
Air Freight & Logistics – 0.3% |
|
||||
Mitsui-Soko Holdings Co. Ltd. |
36,400 |
$ |
1,937,569 | ||
Nippon Express Holdings, Inc. |
443,000 |
|
8,057,777 | ||
Total Air Freight & Logistics |
|
9,995,346 | |||
Automobile Components – 4.1% |
|
||||
Aisan Industry Co. Ltd. |
173,500 |
|
2,431,831 | ||
Bridgestone Corp. |
1,010,185 |
|
40,497,921 | ||
Daikyonishikawa Corp. |
469,000 |
|
1,875,498 | ||
Eagle Industry Co. Ltd. |
84,000 |
|
1,099,853 | ||
Exedy Corp. |
84,700 |
|
2,486,512 | ||
Fujikura Composites, Inc. |
184,100 |
|
1,707,548 | ||
FuKoKu Co. Ltd. |
34,500 |
|
384,820 | ||
Futaba Industrial Co. Ltd. |
285,600 |
|
1,485,869 | ||
G-Tekt Corp. |
150,800 |
|
1,757,686 | ||
JTEKT Corp. |
533,278 |
|
4,020,803 | ||
KYB Corp. |
104,300 |
|
2,049,871 | ||
Musashi Seimitsu Industry Co. Ltd. |
93,500 |
|
1,529,363 | ||
NHK Spring Co. Ltd. |
323,000 |
|
3,468,891 | ||
Nichirin Co. Ltd. |
51,200 |
|
1,225,732 | ||
Nifco, Inc. |
83,790 |
|
2,007,060 | ||
Niterra Co. Ltd. |
350,064 |
|
10,583,385 | ||
NPR-RIKEN Corp. |
97,000 |
|
1,617,099 | ||
Pacific Industrial Co. Ltd. |
172,200 |
|
1,582,204 | ||
Press Kogyo Co. Ltd. |
385,100 |
|
1,439,554 | ||
Sanoh Industrial Co. Ltd. |
307,500 |
|
1,357,162 | ||
Seiren Co. Ltd. |
93,610 |
|
1,533,667 | ||
Shoei Co. Ltd. |
77,700 |
|
882,789 | ||
Sumitomo Electric Industries Ltd. |
1,218,983 |
|
20,101,726 | ||
Sumitomo Riko Co. Ltd. |
184,100 |
|
2,142,129 | ||
Sumitomo Rubber Industries Ltd. |
449,691 |
|
5,662,486 | ||
Tachi-S Co. Ltd. |
214,600 |
|
2,464,011 | ||
Tokai Rika Co. Ltd. |
178,914 |
|
2,672,822 | ||
Topre Corp. |
108,300 |
|
1,362,260 | ||
Toyo Tire Corp. |
315,900 |
|
5,771,291 | ||
Toyoda Gosei Co. Ltd. |
208,700 |
|
3,743,035 | ||
Toyota Boshoku Corp. |
277,036 |
|
3,683,871 | ||
Unipres Corp. |
138,900 |
|
990,152 | ||
Yokohama Rubber Co. Ltd. |
248,000 |
|
5,708,279 | ||
Total Automobile Components |
|
141,327,180 | |||
Automobiles – 10.3% |
|
||||
Honda Motor Co. Ltd. |
10,107,941 |
|
90,744,354 | ||
Isuzu Motors Ltd. |
1,507,700 |
|
20,330,861 | ||
Mazda Motor Corp. |
1,050,900 |
|
6,621,359 | ||
Mitsubishi Motors Corp. |
1,946,400 |
|
5,322,208 | ||
Subaru Corp. |
1,256,267 |
|
22,220,317 | ||
Suzuki Motor Corp. |
1,828,444 |
|
22,131,093 | ||
Toyota Motor Corp. |
9,686,150 |
|
169,446,091 | ||
Yamaha Motor Co. Ltd. |
1,554,600 |
|
12,391,890 | ||
Total Automobiles |
|
349,208,173 |
Investments |
Shares |
Value | |||
Banks – 10.7% |
|
||||
Mitsubishi UFJ Financial Group, Inc. |
11,781,722 |
$ |
158,439,501 | ||
Mizuho Financial Group, Inc. |
3,293,864 |
|
89,229,925 | ||
Sumitomo Mitsui Financial Group, Inc. |
4,557,500 |
|
115,659,439 | ||
Total Banks |
|
363,328,865 | |||
Beverages – 1.4% |
|
||||
Asahi Group Holdings Ltd. |
1,511,000 |
|
19,319,460 | ||
Kirin Holdings Co. Ltd. |
1,146,645 |
|
15,929,885 | ||
Sapporo Holdings Ltd. |
27,900 |
|
1,423,172 | ||
Suntory Beverage & Food Ltd. |
285,100 |
|
9,433,428 | ||
Takara Holdings, Inc. |
222,300 |
|
1,702,853 | ||
Total Beverages |
|
47,808,798 | |||
Broadline Retail – 0.2% |
|
||||
Ryohin Keikaku Co. Ltd. |
229,900 |
|
6,243,305 | ||
Building Products – 1.2% |
|
||||
Central Glass Co. Ltd. |
71,900 |
|
1,560,221 | ||
Daikin Industries Ltd. |
146,549 |
|
15,817,178 | ||
Lixil Corp. |
647,000 |
|
7,474,204 | ||
Nihon Flush Co. Ltd. |
94,400 |
|
506,278 | ||
Nitto Boseki Co. Ltd. |
24,700 |
|
687,121 | ||
Noritz Corp. |
91,500 |
|
1,078,738 | ||
Okabe Co. Ltd. |
102,100 |
|
583,078 | ||
Sanwa Holdings Corp. |
331,731 |
|
10,579,277 | ||
TOTO Ltd. |
156,200 |
|
4,066,381 | ||
Total Building Products |
|
42,352,476 | |||
Capital Markets – 1.5% |
|
||||
Monex Group, Inc. |
836,100 |
|
3,936,167 | ||
Nomura Holdings, Inc. |
4,854,000 |
|
29,479,757 | ||
SBI Holdings, Inc. |
607,700 |
|
16,186,098 | ||
Sparx Group Co. Ltd. |
127,400 |
|
1,273,659 | ||
Total Capital Markets |
|
50,875,681 | |||
Chemicals – 6.4% |
|
||||
ADEKA Corp. |
183,400 |
|
3,297,864 | ||
Aica Kogyo Co. Ltd. |
141,800 |
|
3,126,351 | ||
Arakawa Chemical Industries Ltd. |
36,400 |
|
267,998 | ||
Artience Co. Ltd. |
63,200 |
|
1,303,812 | ||
Asahi Kasei Corp. |
1,839,060 |
|
12,876,126 | ||
Asahi Yukizai Corp. |
31,000 |
|
751,471 | ||
C Uyemura & Co. Ltd. |
24,100 |
|
1,616,444 | ||
Chugoku Marine Paints Ltd. |
158,100 |
|
2,232,895 | ||
Daicel Corp. |
492,642 |
|
4,274,462 | ||
Denka Co. Ltd. |
124,915 |
|
1,785,514 | ||
DIC Corp. |
139,753 |
|
2,842,909 | ||
Fujimi, Inc. |
163,800 |
|
2,072,419 | ||
Fuso Chemical Co. Ltd. |
26,700 |
|
614,204 | ||
Ishihara Sangyo Kaisha Ltd. |
139,300 |
|
1,661,838 | ||
JCU Corp. |
35,000 |
|
755,985 | ||
JSP Corp. |
131,100 |
|
1,797,211 | ||
Kaneka Corp. |
100,900 |
|
2,569,394 | ||
Kansai Paint Co. Ltd. |
132,200 |
|
1,887,435 |
See Notes to Financial Statements.
20 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Japan Hedged Equity Fund (DXJ) March 31, 2025
|
Investments |
Shares |
Value | |||
Kanto Denka Kogyo Co. Ltd. |
100,300 |
$ |
582,859 | ||
KH Neochem Co. Ltd. |
142,400 |
|
2,397,774 | ||
Kumiai Chemical Industry Co. Ltd. |
266,700 |
|
1,476,713 | ||
Kuraray Co. Ltd. |
404,237 |
|
4,953,620 | ||
Kureha Corp. |
97,600 |
|
1,800,059 | ||
Lintec Corp. |
131,947 |
|
2,431,764 | ||
Mitsubishi Chemical Group Corp. |
2,129,963 |
|
10,497,410 | ||
Mitsubishi Gas Chemical Co., Inc. |
301,582 |
|
4,689,909 | ||
Mitsui Chemicals, Inc. |
272,915 |
|
6,099,251 | ||
Moriroku Co. Ltd. |
48,600 |
|
659,093 | ||
Nihon Nohyaku Co. Ltd. |
248,100 |
|
1,231,043 | ||
Nippon Kayaku Co. Ltd. |
280,800 |
|
2,651,395 | ||
Nippon Paint Holdings Co. Ltd. |
1,329,100 |
|
9,963,362 | ||
Nippon Sanso Holdings Corp. |
153,253 |
|
4,626,080 | ||
Nippon Shokubai Co. Ltd. |
280,900 |
|
3,272,220 | ||
Nippon Soda Co. Ltd. |
156,200 |
|
3,032,290 | ||
Nissan Chemical Corp. |
114,153 |
|
3,392,376 | ||
Nitto Denko Corp. |
700,070 |
|
12,803,875 | ||
NOF Corp. |
179,600 |
|
2,426,053 | ||
Okamoto Industries, Inc. |
25,900 |
|
876,381 | ||
Osaka Soda Co. Ltd. |
93,900 |
|
1,019,751 | ||
PILLAR Corp. |
36,200 |
|
804,902 | ||
Resonac Holdings Corp. |
151,900 |
|
3,012,809 | ||
Riken Technos Corp. |
102,000 |
|
711,422 | ||
Sakata INX Corp. |
144,800 |
|
1,857,205 | ||
Sanyo Chemical Industries Ltd. |
53,100 |
|
1,384,847 | ||
Shin-Etsu Chemical Co. Ltd. |
1,361,095 |
|
38,555,560 | ||
Shin-Etsu Polymer Co. Ltd. |
130,600 |
|
1,310,891 | ||
Sumitomo Bakelite Co. Ltd. |
87,000 |
|
1,937,923 | ||
Sumitomo Seika Chemicals Co. Ltd. |
45,500 |
|
1,521,332 | ||
T Hasegawa Co. Ltd. |
46,900 |
|
882,550 | ||
Taiyo Holdings Co. Ltd. |
94,052 |
|
3,031,501 | ||
Takasago International Corp. |
29,000 |
|
1,233,382 | ||
Teijin Ltd. |
188,400 |
|
1,651,051 | ||
Tokuyama Corp. |
133,400 |
|
2,487,980 | ||
Tokyo Ohka Kogyo Co. Ltd. |
98,200 |
|
2,033,739 | ||
Toray Industries, Inc. |
1,403,818 |
|
9,537,776 | ||
Tosoh Corp. |
595,907 |
|
8,183,062 | ||
Toyobo Co. Ltd. |
128,351 |
|
808,524 | ||
UBE Corp. |
247,200 |
|
3,594,599 | ||
Valqua Ltd. |
49,900 |
|
1,036,107 | ||
Zacros Corp. |
31,500 |
|
857,329 | ||
Zeon Corp. |
356,000 |
|
3,559,048 | ||
Total Chemicals |
|
216,611,149 | |||
Commercial Services & Supplies – 0.1% |
|
||||
Dai Nippon Printing Co. Ltd. |
201,000 |
|
2,848,867 | ||
Pilot Corp. |
45,000 |
|
1,247,927 | ||
Sato Holdings Corp. |
78,700 |
|
1,110,452 | ||
Total Commercial Services & Supplies |
|
5,207,246 | |||
Construction & Engineering – 0.9% |
|
||||
CTI Engineering Co. Ltd. |
48,900 |
|
773,362 | ||
Obayashi Corp. |
1,401,000 |
|
18,587,562 |
Investments |
Shares |
Value | |||
Penta-Ocean Construction Co. Ltd. |
398,400 |
$ |
1,894,758 | ||
Sumitomo Mitsui Construction Co. Ltd. |
395,700 |
|
1,103,430 | ||
Taikisha Ltd. |
166,600 |
|
2,546,794 | ||
Toa Corp. |
192,800 |
|
1,672,205 | ||
Toda Corp. |
451,000 |
|
2,660,339 | ||
Total Construction & Engineering |
|
29,238,450 | |||
Construction Materials – 0.2% |
|
||||
Krosaki Harima Corp. |
83,600 |
|
1,431,162 | ||
Shinagawa Refractories Co. Ltd. |
93,700 |
|
1,061,441 | ||
Taiheiyo Cement Corp. |
130,300 |
|
3,395,607 | ||
Total Construction Materials |
|
5,888,210 | |||
Consumer Finance – 0.0% |
|
||||
J Trust Co. Ltd. |
467,800 |
|
1,367,050 | ||
Containers & Packaging – 0.3% |
|
||||
Fuji Seal International, Inc. |
127,600 |
|
2,230,483 | ||
Rengo Co. Ltd. |
325,000 |
|
1,721,931 | ||
Toyo Seikan Group Holdings Ltd. |
303,000 |
|
4,954,092 | ||
Total Containers & Packaging |
|
8,906,506 | |||
Diversified Consumer Services – 0.0% |
|
||||
Aucnet, Inc. |
24,400 |
|
199,227 | ||
Electrical Equipment – 2.1% |
|
||||
Cosel Co. Ltd. |
146,700 |
|
1,034,964 | ||
Daihen Corp. |
36,000 |
|
1,523,873 | ||
Fuji Electric Co. Ltd. |
97,073 |
|
4,087,011 | ||
Fujikura Ltd. |
227,400 |
|
8,208,541 | ||
Furukawa Electric Co. Ltd. |
61,481 |
|
2,026,891 | ||
GS Yuasa Corp. |
121,984 |
|
1,943,473 | ||
Mabuchi Motor Co. Ltd. |
240,700 |
|
3,687,600 | ||
Mitsubishi Electric Corp. |
1,810,314 |
|
32,928,007 | ||
NIDEC Corp. |
649,700 |
|
10,826,885 | ||
Nippon Carbon Co. Ltd. |
54,100 |
|
1,508,606 | ||
Sanyo Denki Co. Ltd. |
20,700 |
|
1,292,885 | ||
SEC Carbon Ltd. |
50,600 |
|
704,827 | ||
Sinfonia Technology Co. Ltd. |
40,100 |
|
1,603,571 | ||
Toyo Tanso Co. Ltd. |
39,600 |
|
1,036,739 | ||
Total Electrical Equipment |
|
72,413,873 | |||
Electronic Equipment, Instruments & Components – 3.8% | |||||
A&D HOLON Holdings Co. Ltd. |
53,600 |
|
657,007 | ||
Ai Holdings Corp. |
121,200 |
|
1,681,757 | ||
Alps Alpine Co. Ltd. |
291,700 |
|
2,966,937 | ||
Amano Corp. |
154,733 |
|
4,120,281 | ||
Anritsu Corp. |
280,500 |
|
2,521,011 | ||
Azbil Corp. |
470,300 |
|
3,621,442 | ||
Canon Electronics, Inc. |
84,300 |
|
1,402,557 | ||
Citizen Watch Co. Ltd. |
549,400 |
|
3,277,149 | ||
CMK Corp. |
459,500 |
|
1,241,394 | ||
Dexerials Corp. |
182,800 |
|
2,219,295 | ||
ESPEC Corp. |
56,200 |
|
895,201 | ||
Furuya Metal Co. Ltd. |
18,400 |
|
328,158 | ||
Hagiwara Electric Holdings Co. Ltd. |
60,600 |
|
1,335,275 | ||
Hakuto Co. Ltd. |
80,419 |
|
2,212,948 |
See Notes to Financial Statements.
WisdomTree Trust 21
Schedule of Investments (continued) WisdomTree Japan Hedged Equity Fund (DXJ) March 31, 2025
|
Investments |
Shares |
Value | |||
Hioki EE Corp. |
24,500 |
$ |
1,155,042 | ||
Hirose Electric Co. Ltd. |
36,260 |
|
4,182,727 | ||
Horiba Ltd. |
62,000 |
|
4,124,074 | ||
Innotech Corp. |
31,200 |
|
271,232 | ||
Japan Aviation Electronics Industry Ltd. |
102,900 |
|
1,795,280 | ||
Jeol Ltd. |
45,700 |
|
1,399,666 | ||
Kaga Electronics Co. Ltd. |
118,400 |
|
2,136,172 | ||
Keyence Corp. |
43,040 |
|
16,831,478 | ||
Macnica Holdings, Inc. |
309,200 |
|
3,983,374 | ||
Maxell Ltd. |
100,200 |
|
1,221,510 | ||
Meiko Electronics Co. Ltd. |
24,900 |
|
1,138,933 | ||
Murata Manufacturing Co. Ltd. |
1,499,604 |
|
23,119,814 | ||
Nichicon Corp. |
192,700 |
|
1,577,269 | ||
Nippon Ceramic Co. Ltd. |
102,400 |
|
1,965,280 | ||
Nippon Electric Glass Co. Ltd. |
192,660 |
|
4,492,480 | ||
Nissha Co. Ltd. |
67,200 |
|
613,401 | ||
Optex Group Co. Ltd. |
73,000 |
|
847,452 | ||
Osaki Electric Co. Ltd. |
113,200 |
|
608,618 | ||
Restar Corp. |
48,800 |
|
747,305 | ||
Riken Keiki Co. Ltd. |
31,300 |
|
538,969 | ||
Sanshin Electronics Co. Ltd. |
128,654 |
|
1,766,261 | ||
Shibaura Electronics Co. Ltd. |
64,100 |
|
1,890,337 | ||
Shimadzu Corp. |
155,900 |
|
3,888,638 | ||
Siix Corp. |
206,900 |
|
1,509,482 | ||
Sun-Wa Technos Corp. |
112,200 |
|
1,593,639 | ||
TDK Corp. |
1,022,820 |
|
10,574,293 | ||
Tokyo Electron Device Ltd. |
77,600 |
|
1,539,131 | ||
Tomen Devices Corp. |
22,900 |
|
856,032 | ||
Yokogawa Electric Corp. |
176,238 |
|
3,409,499 | ||
Total Electronic Equipment, Instruments & Components |
|
128,257,800 | |||
Energy Equipment & Services – 0.1% |
|
||||
Modec, Inc. |
79,100 |
|
2,179,297 | ||
Entertainment – 3.2% |
|
||||
Capcom Co. Ltd. |
271,300 |
|
6,647,340 | ||
Koei Tecmo Holdings Co. Ltd. |
482,444 |
|
6,344,297 | ||
Konami Group Corp. |
87,500 |
|
10,286,545 | ||
Marvelous, Inc. |
405,800 |
|
1,275,418 | ||
Nintendo Co. Ltd. |
1,161,500 |
|
78,525,913 | ||
Square Enix Holdings Co. Ltd. |
50,600 |
|
2,353,032 | ||
Toei Animation Co. Ltd. |
93,600 |
|
1,940,350 | ||
Total Entertainment |
|
107,372,895 | |||
Food Products – 1.7% |
|
||||
Ajinomoto Co., Inc. |
550,826 |
|
10,897,544 | ||
Ariake Japan Co. Ltd. |
31,200 |
|
1,289,394 | ||
Calbee, Inc. |
97,400 |
|
1,819,492 | ||
Fuji Oil Co. Ltd. |
70,300 |
|
1,439,472 | ||
House Foods Group, Inc. |
79,900 |
|
1,455,180 | ||
Kagome Co. Ltd. |
31,100 |
|
610,915 | ||
Kameda Seika Co. Ltd. |
31,000 |
|
809,516 | ||
Kikkoman Corp. |
562,600 |
|
5,421,336 | ||
Maruha Nichiro Corp. |
99,500 |
|
2,169,784 |
Investments |
Shares |
Value | |||
Nichirei Corp. |
294,800 |
$ |
3,504,126 | ||
Nisshin Oillio Group Ltd. |
70,600 |
|
2,275,592 | ||
Nisshin Seifun Group, Inc. |
307,800 |
|
3,561,909 | ||
Nissin Foods Holdings Co. Ltd. |
186,400 |
|
3,805,532 | ||
Nissui Corp. |
457,300 |
|
2,760,497 | ||
Riken Vitamin Co. Ltd. |
93,500 |
|
1,512,482 | ||
Sakata Seed Corp. |
46,100 |
|
1,040,441 | ||
Toyo Suisan Kaisha Ltd. |
149,900 |
|
8,815,170 | ||
Yakult Honsha Co. Ltd. |
251,374 |
|
4,796,681 | ||
Total Food Products |
|
57,985,063 | |||
Ground Transportation – 0.1% |
|
||||
Kintetsu Group Holdings Co. Ltd. |
140,800 |
|
3,003,557 | ||
Nishi-Nippon Railroad Co. Ltd. |
93,600 |
|
1,345,727 | ||
Total Ground Transportation |
|
4,349,284 | |||
Health Care Equipment & Supplies – 1.1% |
|
||||
Asahi Intecc Co. Ltd. |
111,600 |
|
1,794,451 | ||
Eiken Chemical Co. Ltd. |
57,900 |
|
877,367 | ||
Hoya Corp. |
85,557 |
|
9,600,418 | ||
Mani, Inc. |
153,400 |
|
1,341,250 | ||
Nihon Kohden Corp. |
185,900 |
|
2,490,642 | ||
Nipro Corp. |
187,000 |
|
1,698,806 | ||
Olympus Corp. |
319,500 |
|
4,160,935 | ||
PHC Holdings Corp. |
238,000 |
|
1,624,970 | ||
Sysmex Corp. |
264,600 |
|
5,019,862 | ||
Terumo Corp. |
522,724 |
|
9,777,043 | ||
Total Health Care Equipment & Supplies |
|
38,385,744 | |||
Hotels, Restaurants & Leisure – 0.1% |
|
||||
Round One Corp. |
306,300 |
|
2,017,557 | ||
Zensho Holdings Co. Ltd. |
49,700 |
|
2,675,771 | ||
Total Hotels, Restaurants & Leisure |
|
4,693,328 | |||
Household Durables – 2.0% |
|
||||
Casio Computer Co. Ltd. |
459,957 |
|
3,757,105 | ||
Fujitsu General Ltd. |
108,500 |
|
2,008,346 | ||
JVCKenwood Corp. |
143,000 |
|
1,202,026 | ||
Nikon Corp. |
405,700 |
|
4,020,646 | ||
Rinnai Corp. |
145,200 |
|
3,355,699 | ||
Sony Group Corp. |
1,759,400 |
|
44,296,783 | ||
Sumitomo Forestry Co. Ltd. |
188,200 |
|
5,674,694 | ||
Tamron Co. Ltd. |
86,900 |
|
2,010,659 | ||
Zojirushi Corp. |
122,400 |
|
1,224,491 | ||
Total Household Durables |
|
67,550,449 | |||
Household Products – 0.2% |
|
||||
Lion Corp. |
217,500 |
|
2,578,031 | ||
Pigeon Corp. |
249,300 |
|
3,064,986 | ||
Unicharm Corp. |
382,500 |
|
3,042,556 | ||
Total Household Products |
|
8,685,573 | |||
Independent Power & Renewable Electricity Producers – 0.1% | |||||
Electric Power Development Co. Ltd. |
281,000 |
|
4,757,871 |
See Notes to Financial Statements.
22 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Japan Hedged Equity Fund (DXJ) March 31, 2025
|
Investments |
Shares |
Value | |||
Industrial Conglomerates – 1.5% |
|
||||
Hitachi Ltd. |
1,763,225 |
$ |
40,773,252 | ||
Sekisui Chemical Co. Ltd. |
652,600 |
|
11,104,325 | ||
Total Industrial Conglomerates |
|
51,877,577 | |||
Insurance – 5.9% |
|
||||
Dai-ichi Life Holdings, Inc. |
6,720,400 |
|
50,917,568 | ||
MS&AD Insurance Group Holdings, Inc. |
1,763,600 |
|
38,034,038 | ||
Sompo Holdings, Inc. |
1,293,400 |
|
39,102,992 | ||
Tokio Marine Holdings, Inc. |
1,942,100 |
|
74,494,353 | ||
Total Insurance |
|
202,548,951 | |||
IT Services – 0.7% |
|
||||
Fujitsu Ltd. |
717,920 |
|
14,167,326 | ||
NEC Corp. |
549,000 |
|
11,546,108 | ||
Total IT Services |
|
25,713,434 | |||
Leisure Products – 1.0% |
|
||||
Bandai Namco Holdings, Inc. |
510,200 |
|
17,072,628 | ||
GLOBERIDE, Inc. |
93,300 |
|
1,197,913 | ||
Mizuno Corp. |
96,600 |
|
1,674,383 | ||
Roland Corp. |
66,000 |
|
1,661,696 | ||
Sega Sammy Holdings, Inc. |
192,100 |
|
3,695,169 | ||
Shimano, Inc. |
40,800 |
|
5,725,478 | ||
Tomy Co. Ltd. |
51,600 |
|
1,195,972 | ||
Universal Entertainment Corp. |
221,700 |
|
1,567,052 | ||
Total Leisure Products |
|
33,790,291 | |||
Life Sciences Tools & Services – 0.0% |
|
||||
Shin Nippon Biomedical Laboratories Ltd. |
114,200 |
|
1,092,819 | ||
Machinery – 6.8% |
|
||||
Aida Engineering Ltd. |
100,000 |
|
598,502 | ||
Airman Corp |
79,600 |
|
1,012,965 | ||
Amada Co. Ltd. |
599,193 |
|
5,799,999 | ||
Anest Iwata Corp. |
123,900 |
|
946,194 | ||
Asahi Diamond Industrial Co. Ltd. |
248,700 |
|
1,383,699 | ||
Bando Chemical Industries Ltd. |
145,700 |
|
1,605,681 | ||
Daifuku Co. Ltd. |
280,500 |
|
6,831,490 | ||
DMG Mori Co. Ltd. |
210,400 |
|
4,069,694 | ||
Ebara Corp. |
405,655 |
|
6,098,117 | ||
Fujitec Co. Ltd. |
134,000 |
|
5,293,152 | ||
Furukawa Co. Ltd. |
89,400 |
|
1,249,472 | ||
Glory Ltd. |
126,300 |
|
2,217,894 | ||
Hitachi Construction Machinery Co. Ltd. |
330,400 |
|
8,720,669 | ||
Hoshizaki Corp. |
118,738 |
|
4,583,093 | ||
Hosokawa Micron Corp. |
31,000 |
|
841,648 | ||
IHI Corp. |
91,000 |
|
6,280,059 | ||
Iwaki Co. Ltd. |
40,300 |
|
571,595 | ||
Japan Steel Works Ltd. |
48,700 |
|
1,705,184 | ||
Kanadevia Corp. |
229,200 |
|
1,402,421 | ||
Kawasaki Heavy Industries Ltd. |
124,800 |
|
7,450,946 | ||
Kitz Corp. |
213,700 |
|
1,663,413 | ||
Komatsu Ltd. |
1,735,806 |
|
49,982,484 | ||
Kubota Corp. |
1,080,500 |
|
13,229,875 | ||
Kurita Water Industries Ltd. |
67,300 |
|
2,065,715 |
Investments |
Shares |
Value | |||
Makino Milling Machine Co. Ltd. |
33,800 |
$ |
2,637,729 | ||
Makita Corp. |
169,800 |
|
5,592,250 | ||
Max Co. Ltd. |
93,600 |
|
2,657,028 | ||
Meidensha Corp. |
56,000 |
|
1,615,889 | ||
MISUMI Group, Inc. |
155,800 |
|
2,569,752 | ||
Mitsubishi Heavy Industries Ltd. |
1,374,890 |
|
23,224,369 | ||
Mitsubishi Logisnext Co. Ltd. |
117,000 |
|
1,664,163 | ||
Mitsuboshi Belting Ltd. |
84,300 |
|
2,105,527 | ||
Miura Co. Ltd. |
93,400 |
|
1,846,577 | ||
Morita Holdings Corp. |
86,000 |
|
1,191,601 | ||
NGK Insulators Ltd. |
429,075 |
|
5,266,599 | ||
Nippon Thompson Co. Ltd. |
178,000 |
|
578,494 | ||
Nissei ASB Machine Co. Ltd. |
39,100 |
|
1,298,191 | ||
Nomura Micro Science Co. Ltd. |
84,800 |
|
1,362,675 | ||
Noritake Co. Ltd. |
61,900 |
|
1,448,776 | ||
NSK Ltd. |
775,700 |
|
3,309,460 | ||
NTN Corp. |
1,279,300 |
|
2,075,419 | ||
Obara Group, Inc. |
34,600 |
|
757,757 | ||
Oiles Corp. |
105,300 |
|
1,587,879 | ||
Okamoto Machine Tool Works Ltd. |
46,900 |
|
1,176,107 | ||
OKUMA Corp. |
108,100 |
|
2,465,033 | ||
Organo Corp. |
36,100 |
|
1,537,762 | ||
OSG Corp. |
158,624 |
|
1,730,077 | ||
Rheon Automatic Machinery Co. Ltd. |
115,700 |
|
973,322 | ||
Ryobi Ltd. |
83,400 |
|
1,248,156 | ||
Shibaura Machine Co. Ltd. |
61,500 |
|
1,474,371 | ||
Shibuya Corp. |
37,400 |
|
800,321 | ||
Shinmaywa Industries Ltd. |
127,100 |
|
1,190,766 | ||
Sodick Co. Ltd. |
129,100 |
|
743,313 | ||
Star Micronics Co. Ltd. |
58,300 |
|
755,553 | ||
Sumitomo Heavy Industries Ltd. |
162,937 |
|
3,323,244 | ||
Takeuchi Manufacturing Co. Ltd. |
78,200 |
|
2,661,749 | ||
Teikoku Electric Manufacturing Co. Ltd. |
39,800 |
|
777,955 | ||
Tocalo Co. Ltd. |
120,000 |
|
1,332,085 | ||
Torishima Pump Manufacturing Co. Ltd. |
61,300 |
|
837,474 | ||
Tsubaki Nakashima Co. Ltd. |
419,900 |
|
1,109,138 | ||
Tsubakimoto Chain Co. |
298,800 |
|
3,694,538 | ||
Tsugami Corp. |
131,300 |
|
1,598,007 | ||
YAMABIKO Corp. |
112,100 |
|
1,784,125 | ||
Yaskawa Electric Corp. |
116,000 |
|
2,893,406 | ||
Total Machinery |
|
232,500,598 | |||
Marine Transportation – 0.1% |
|
||||
Iino Kaiun Kaisha Ltd. |
205,900 |
|
1,372,758 | ||
NS United Kaiun Kaisha Ltd. |
37,900 |
|
1,015,043 | ||
Total Marine Transportation |
|
2,387,801 | |||
Media – 0.1% |
|
||||
Hakuhodo DY Holdings, Inc. |
483,000 |
|
3,494,757 | ||
Metals & Mining – 2.8% |
|
||||
Aichi Steel Corp. |
31,300 |
|
1,467,253 | ||
ARE Holdings, Inc. |
150,800 |
|
1,997,692 | ||
Daido Steel Co. Ltd. |
378,300 |
|
3,010,412 |
See Notes to Financial Statements.
WisdomTree Trust 23
Schedule of Investments (continued) WisdomTree Japan Hedged Equity Fund (DXJ) March 31, 2025
|
Investments |
Shares |
Value | |||
Daiki Aluminium Industry Co. Ltd. |
156,000 |
$ |
1,036,940 | ||
Dowa Holdings Co. Ltd. |
73,000 |
|
2,259,710 | ||
JFE Holdings, Inc. |
1,237,000 |
|
15,133,687 | ||
Kobe Steel Ltd. |
842,400 |
|
9,745,566 | ||
Kyoei Steel Ltd. |
155,200 |
|
1,952,195 | ||
Mitsubishi Materials Corp. |
254,100 |
|
4,152,022 | ||
Mitsui Mining & Smelting Co. Ltd. |
87,300 |
|
2,536,569 | ||
Nippon Light Metal Holdings Co. Ltd. |
116,400 |
|
1,183,148 | ||
Nippon Steel Corp. |
2,059,700 |
|
44,006,563 | ||
Nippon Yakin Kogyo Co. Ltd. |
45,010 |
|
1,252,117 | ||
OSAKA Titanium Technologies Co. Ltd. |
86,300 |
|
1,110,346 | ||
Topy Industries Ltd. |
118,800 |
|
1,688,971 | ||
UACJ Corp. |
57,500 |
|
1,834,125 | ||
Total Metals & Mining |
|
94,367,316 | |||
Oil, Gas & Consumable Fuels – 1.6% |
|
||||
ENEOS Holdings, Inc. |
3,250,100 |
|
17,002,496 | ||
Idemitsu Kosan Co. Ltd. |
1,589,000 |
|
11,189,093 | ||
Inpex Corp. |
1,819,700 |
|
25,036,999 | ||
Total Oil, Gas & Consumable Fuels |
|
53,228,588 | |||
Paper & Forest Products – 0.2% |
|
||||
Nippon Paper Industries Co. Ltd. |
111,700 |
|
752,933 | ||
Oji Holdings Corp. |
1,496,000 |
|
6,274,516 | ||
Total Paper & Forest Products |
|
7,027,449 | |||
Passenger Airlines – 0.5% |
|
||||
ANA Holdings, Inc. |
360,700 |
|
6,656,090 | ||
Japan Airlines Co. Ltd. |
568,700 |
|
9,722,359 | ||
Total Passenger Airlines |
|
16,378,449 | |||
Personal Care Products – 0.7% |
|
||||
Kao Corp. |
387,580 |
|
16,776,818 | ||
Kobayashi Pharmaceutical Co. Ltd. |
58,400 |
|
2,214,701 | ||
Kose Corp. |
28,300 |
|
1,177,116 | ||
Mandom Corp. |
130,000 |
|
1,147,519 | ||
Milbon Co. Ltd. |
59,800 |
|
1,194,081 | ||
Rohto Pharmaceutical Co. Ltd. |
50,100 |
|
749,289 | ||
Total Personal Care Products |
|
23,259,524 | |||
Pharmaceuticals – 5.7% |
|
||||
Chugai Pharmaceutical Co. Ltd. |
790,500 |
|
35,940,949 | ||
Daiichi Sankyo Co. Ltd. |
888,200 |
|
20,853,753 | ||
Kyowa Kirin Co. Ltd. |
439,370 |
|
6,384,586 | ||
Nippon Shinyaku Co. Ltd. |
89,100 |
|
2,265,335 | ||
Ono Pharmaceutical Co. Ltd. |
625,300 |
|
6,700,838 | ||
Otsuka Holdings Co. Ltd. |
408,000 |
|
21,153,029 | ||
Santen Pharmaceutical Co. Ltd. |
363,100 |
|
3,443,064 | ||
Shionogi & Co. Ltd. |
953,831 |
|
14,325,962 | ||
Takeda Pharmaceutical Co. Ltd. |
2,703,163 |
|
79,771,689 | ||
Towa Pharmaceutical Co. Ltd. |
65,800 |
|
1,178,803 | ||
ZERIA Pharmaceutical Co. Ltd. |
105,200 |
|
1,587,778 | ||
Total Pharmaceuticals |
|
193,605,786 |
Investments |
Shares |
Value | |||
Professional Services – 0.7% |
|
||||
en Japan, Inc. |
39,400 |
$ |
432,889 | ||
Open Up Group, Inc. |
119,600 |
|
1,508,396 | ||
Persol Holdings Co. Ltd. |
3,275,900 |
|
5,430,625 | ||
Recruit Holdings Co. Ltd. |
267,200 |
|
13,681,626 | ||
Transcosmos, Inc.* |
61,500 |
|
1,311,923 | ||
Weathernews, Inc. |
37,000 |
|
821,453 | ||
Total Professional Services |
|
23,186,912 | |||
Semiconductors & Semiconductor Equipment – 2.5% |
|
||||
Advantest Corp. |
150,300 |
|
6,504,892 | ||
Disco Corp. |
38,700 |
|
7,736,636 | ||
Kokusai Electric Corp. |
107,200 |
|
1,736,964 | ||
Lasertec Corp. |
21,700 |
|
1,840,016 | ||
Micronics Japan Co. Ltd. |
32,800 |
|
763,301 | ||
Rorze Corp. |
82,000 |
|
767,962 | ||
SCREEN Holdings Co. Ltd. |
106,620 |
|
6,841,105 | ||
Shibaura Mechatronics Corp. |
21,100 |
|
993,340 | ||
Shindengen Electric Manufacturing Co. Ltd. |
76,100 |
|
1,031,528 | ||
Socionext, Inc. |
119,800 |
|
1,429,605 | ||
Tokyo Electron Ltd. |
392,459 |
|
52,777,521 | ||
Towa Corp. |
99,700 |
|
990,733 | ||
Ulvac, Inc. |
64,300 |
|
2,186,045 | ||
Yamaichi Electronics Co. Ltd. |
53,700 |
|
742,980 | ||
Total Semiconductors & Semiconductor Equipment |
|
86,342,628 | |||
Software – 0.3% |
|
||||
Trend Micro, Inc. |
143,008 |
|
9,577,539 | ||
Specialty Retail – 1.2% |
|
||||
ABC-Mart, Inc. |
343,000 |
|
6,385,663 | ||
Fast Retailing Co. Ltd. |
93,700 |
|
27,607,476 | ||
Sanrio Co. Ltd. |
117,600 |
|
5,402,648 | ||
VT Holdings Co. Ltd. |
575,500 |
|
1,920,386 | ||
Total Specialty Retail |
|
41,316,173 | |||
Technology Hardware, Storage & Peripherals – 2.5% |
|
||||
Brother Industries Ltd. |
355,800 |
|
6,409,825 | ||
Canon, Inc. |
1,528,997 |
|
47,493,587 | ||
FUJIFILM Holdings Corp. |
710,985 |
|
13,524,119 | ||
MCJ Co. Ltd. |
94,300 |
|
857,617 | ||
Ricoh Co. Ltd. |
592,900 |
|
6,252,530 | ||
Riso Kagaku Corp. |
88,300 |
|
735,735 | ||
Seiko Epson Corp. |
415,000 |
|
6,622,960 | ||
Toshiba TEC Corp. |
56,400 |
|
1,008,140 | ||
Wacom Co. Ltd. |
285,800 |
|
1,093,203 | ||
Total Technology Hardware, Storage & Peripherals |
|
83,997,716 | |||
Textiles, Apparel & Luxury Goods – 0.4% |
|
||||
Asics Corp. |
348,368 |
|
7,326,584 | ||
Kurabo Industries Ltd. |
31,247 |
|
1,245,367 | ||
Morito Co. Ltd. |
157,000 |
|
1,577,979 | ||
Seiko Group Corp. |
63,000 |
|
1,742,042 | ||
Wacoal Holdings Corp. |
84,200 |
|
2,867,665 | ||
Total Textiles, Apparel & Luxury Goods |
|
14,759,637 |
See Notes to Financial Statements.
24 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Japan Hedged Equity Fund (DXJ) March 31, 2025
|
Investments |
Shares |
Value | |||
Tobacco – 3.0% |
|
||||
Japan Tobacco, Inc. |
3,698,731 |
$ |
101,755,914 | ||
Trading Companies & Distributors – 8.5% |
|
||||
Alconix Corp. |
205,100 |
|
2,121,771 | ||
Chori Co. Ltd. |
48,700 |
|
980,253 | ||
Daiichi Jitsugyo Co. Ltd. |
83,500 |
|
1,216,708 | ||
Hanwa Co. Ltd. |
80,100 |
|
2,619,292 | ||
Inabata & Co. Ltd. |
123,686 |
|
2,621,938 | ||
ITOCHU Corp. |
1,440,494 |
|
66,476,188 | ||
Japan Pulp & Paper Co. Ltd. |
181,200 |
|
730,665 | ||
Kanematsu Corp. |
244,700 |
|
4,120,333 | ||
KPP Group Holdings Co. Ltd. |
240,400 |
|
1,051,368 | ||
Marubeni Corp. |
2,463,478 |
|
39,199,183 | ||
Meiwa Corp. |
203,600 |
|
947,610 | ||
Mitsubishi Corp. |
4,840,900 |
|
85,024,902 | ||
Nagase & Co. Ltd. |
132,500 |
|
2,351,135 | ||
Sanyo Trading Co. Ltd. |
92,600 |
|
910,272 | ||
Sojitz Corp. |
405,404 |
|
8,897,525 | ||
Sumitomo Corp. |
1,922,077 |
|
43,341,204 | ||
Toyota Tsusho Corp. |
1,542,930 |
|
25,722,379 | ||
Total Trading Companies & Distributors |
|
288,332,726 |
Investments |
Shares |
Value | |||
Transportation Infrastructure – 0.2% |
|
||||
Mitsubishi Logistics Corp. |
542,900 |
$ |
3,510,661 | ||
Nissin Corp. |
61,100 |
|
1,938,742 | ||
Total Transportation Infrastructure |
|
5,449,403 | |||
TOTAL COMMON STOCKS (Cost: $3,119,172,844) |
|
3,371,180,827 | |||
MUTUAL FUND – 0.1% |
|
||||
United States – 0.1% |
|
||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.21%(a) (Cost: $1,907,821) |
1,907,821 |
|
1,907,821 | ||
TOTAL INVESTMENTS IN SECURITIES – 99.1% (Cost: $3,121,080,665) |
|
3,373,088,648 | |||
Other Assets less Liabilities – 0.9% |
|
29,257,621 | |||
NET ASSETS – 100.0% |
$ |
3,402,346,269 |
* Non-income producing security.
(a) Rate shown represents annualized 7-day yield as of March 31, 2025.
CURRENCY ABBREVIATIONS: | ||
JPY |
Japanese yen | |
USD |
United States dollar |
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
Counterparty |
Settlement |
Amount and Description of
|
Amount and Description of
|
Unrealized |
Unrealized | ||||||||||||
Barclays Bank PLC |
4/3/2025 |
731,106,674 |
USD |
109,796,284,309 |
JPY |
$ |
— |
$ |
(3,200,994 |
) | |||||||
Citibank NA |
4/3/2025 |
103,398,990,296 |
JPY |
691,527,966 |
USD |
|
— |
|
(4,825 |
) | |||||||
Citibank NA |
4/3/2025 |
731,106,674 |
USD |
109,796,430,530 |
JPY |
|
— |
|
(3,201,972 |
) | |||||||
Citibank NA |
5/7/2025 |
705,568,306 |
USD |
105,095,669,201 |
JPY |
|
7,270 |
|
— |
| |||||||
Goldman Sachs |
4/3/2025 |
7,320,655,787 |
JPY |
49,473,384 |
USD |
|
— |
|
(513,497 |
) | |||||||
Goldman Sachs |
4/3/2025 |
103,398,367,921 |
JPY |
691,527,966 |
USD |
|
— |
|
(8,987 |
) | |||||||
Goldman Sachs |
5/7/2025 |
705,568,306 |
USD |
105,094,399,178 |
JPY |
|
15,796 |
|
— |
| |||||||
HSBC Holdings PLC |
4/3/2025 |
731,106,674 |
USD |
109,796,284,309 |
JPY |
|
— |
|
(3,200,994 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
5,687,784,489 |
JPY |
38,479,299 |
USD |
|
— |
|
(439,908 |
) | |||||||
JPMorgan Chase Bank NA |
4/3/2025 |
10,701,646,411 |
JPY |
71,461,554 |
USD |
|
110,094 |
|
— |
| |||||||
Merrill Lynch International |
4/3/2025 |
5,706,541,608 |
JPY |
38,479,299 |
USD |
|
— |
|
(314,462 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
103,398,641,074 |
JPY |
691,527,966 |
USD |
|
— |
|
(7,160 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
731,106,670 |
USD |
109,797,331,384 |
JPY |
|
— |
|
(3,208,001 |
) | |||||||
Royal Bank of Canada |
5/7/2025 |
705,568,306 |
USD |
105,094,183,980 |
JPY |
|
17,241 |
|
— |
| |||||||
Standard Chartered PLC |
4/3/2025 |
103,398,713,685 |
JPY |
691,527,966 |
USD |
|
— |
|
(6,675 |
) | |||||||
Standard Chartered PLC |
5/7/2025 |
705,568,306 |
USD |
105,094,822,519 |
JPY |
|
12,954 |
|
— |
| |||||||
UBS AG |
4/3/2025 |
103,396,224,184 |
JPY |
691,527,966 |
USD |
|
— |
|
(23,324 |
) | |||||||
UBS AG |
4/3/2025 |
731,106,674 |
USD |
109,796,357,419 |
JPY |
|
— |
|
(3,201,483 |
) | |||||||
UBS AG |
5/7/2025 |
705,568,306 |
USD |
105,092,846,928 |
JPY |
|
26,217 |
|
— |
| |||||||
$ |
189,572 |
$ |
(17,332,282 |
) |
See Notes to Financial Statements.
WisdomTree Trust 25
Schedule of Investments (concluded) WisdomTree Japan Hedged Equity Fund (DXJ) March 31, 2025
|
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted
|
Other
|
Significant
|
Total | ||||||||||
Assets: |
|
|
|
|
| ||||||||
Investments in Securities |
|
|
|
|
| ||||||||
Common Stocks |
$ |
3,371,180,827 |
$ |
— |
|
$— |
$ |
3,371,180,827 |
| ||||
Mutual Fund |
|
— |
|
1,907,821 |
|
— |
|
1,907,821 |
| ||||
Total Investments in Securities |
$ |
3,371,180,827 |
$ |
1,907,821 |
|
$— |
$ |
3,373,088,648 |
| ||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
189,572 |
|
$— |
$ |
189,572 |
| ||||
Liabilities: |
|
|
|
|
| ||||||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
(17,332,282 |
) |
$— |
$ |
(17,332,282 |
) | ||||
Total – Net |
$ |
3,371,180,827 |
$ |
(15,234,889 |
) |
$— |
$ |
3,355,945,938 |
|
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
26 WisdomTree Trust
Schedule of Investments WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
COMMON STOCKS – 98.7% |
|
||||
Japan – 98.7% |
|
||||
Air Freight & Logistics – 1.3% |
|
||||
AIT Corp. |
5,900 |
$ |
66,441 | ||
AZ-COM MARUWA Holdings, Inc. |
14,100 |
|
116,259 | ||
Hamakyorex Co. Ltd. |
6,000 |
|
51,638 | ||
Konoike Transport Co. Ltd. |
8,300 |
|
148,972 | ||
Mitsui-Soko Holdings Co. Ltd. |
1,700 |
|
90,491 | ||
Sankyu, Inc. |
7,900 |
|
323,945 | ||
SBS Holdings, Inc. |
2,900 |
|
54,882 | ||
Senko Group Holdings Co. Ltd. |
15,100 |
|
152,272 | ||
Total Air Freight & Logistics |
|
1,004,900 | |||
Automobile Components – 4.6% |
|
||||
Aisan Industry Co. Ltd. |
11,500 |
|
161,188 | ||
Daido Metal Co. Ltd. |
12,500 |
|
41,293 | ||
Daikyonishikawa Corp. |
20,500 |
|
81,978 | ||
Eagle Industry Co. Ltd. |
9,200 |
|
120,460 | ||
Exedy Corp. |
6,200 |
|
182,011 | ||
Fujikura Composites, Inc. |
6,000 |
|
55,651 | ||
FuKoKu Co. Ltd. |
4,900 |
|
54,656 | ||
Futaba Industrial Co. Ltd. |
20,100 |
|
104,573 | ||
G-Tekt Corp. |
7,898 |
|
92,057 | ||
Ichikoh Industries Ltd. |
9,000 |
|
25,338 | ||
KYB Corp. |
8,300 |
|
163,125 | ||
Musashi Seimitsu Industry Co. Ltd. |
7,100 |
|
116,133 | ||
Nichirin Co. Ltd. |
3,000 |
|
71,820 | ||
NPR-RIKEN Corp. |
7,300 |
|
121,699 | ||
Pacific Industrial Co. Ltd. |
10,600 |
|
97,395 | ||
Press Kogyo Co. Ltd. |
17,400 |
|
65,043 | ||
Sanoh Industrial Co. Ltd. |
10,700 |
|
47,225 | ||
Seiren Co. Ltd. |
6,500 |
|
106,493 | ||
Shoei Co. Ltd. |
5,900 |
|
67,033 | ||
Sumitomo Riko Co. Ltd. |
13,700 |
|
159,409 | ||
T RAD Co. Ltd. |
2,700 |
|
65,992 | ||
Tachi-S Co. Ltd. |
11,500 |
|
132,042 | ||
Tokai Rika Co. Ltd. |
13,125 |
|
196,076 | ||
Topre Corp. |
7,800 |
|
98,113 | ||
Toyo Tire Corp. |
29,900 |
|
546,254 | ||
Toyoda Gosei Co. Ltd. |
22,000 |
|
394,570 | ||
Unipres Corp. |
8,900 |
|
63,444 | ||
Yorozu Corp. |
4,900 |
|
33,095 | ||
Yutaka Giken Co. Ltd. |
5,300 |
|
74,676 | ||
Total Automobile Components |
|
3,538,842 | |||
Banks – 6.2% |
|
||||
77 Bank Ltd. |
9,800 |
|
311,485 | ||
Akita Bank Ltd. |
5,000 |
|
85,796 | ||
Awa Bank Ltd. |
5,900 |
|
112,839 | ||
Bank of Iwate Ltd. |
3,600 |
|
75,953 | ||
Bank of Saga Ltd. |
3,400 |
|
52,476 | ||
Bank of the Ryukyus Ltd. |
7,600 |
|
58,395 |
Investments |
Shares |
Value | |||
Chugin Financial Group, Inc. |
27,600 |
$ |
308,225 | ||
Daishi Hokuetsu Financial Group, Inc. |
12,600 |
|
265,835 | ||
Ehime Bank Ltd. |
7,300 |
|
52,380 | ||
FIDEA Holdings Co. Ltd. |
4,800 |
|
48,758 | ||
First Bank of Toyama Ltd. |
9,400 |
|
72,100 | ||
Fukui Bank Ltd. |
4,100 |
|
49,297 | ||
Hirogin Holdings, Inc. |
44,000 |
|
356,466 | ||
Hyakujushi Bank Ltd. |
5,100 |
|
118,513 | ||
Juroku Financial Group, Inc. |
6,300 |
|
203,484 | ||
Keiyo Bank Ltd. |
20,000 |
|
119,968 | ||
Kiyo Bank Ltd. |
8,098 |
|
124,660 | ||
Miyazaki Bank Ltd. |
3,400 |
|
75,257 | ||
Musashino Bank Ltd. |
5,900 |
|
128,621 | ||
Nanto Bank Ltd. |
5,900 |
|
155,845 | ||
North Pacific Bank Ltd. |
44,900 |
|
155,231 | ||
Ogaki Kyoritsu Bank Ltd. |
5,800 |
|
92,155 | ||
Oita Bank Ltd. |
3,500 |
|
81,216 | ||
Okinawa Financial Group, Inc. |
3,840 |
|
65,892 | ||
Procrea Holdings, Inc. |
3,100 |
|
35,241 | ||
San ju San Financial Group, Inc. |
5,800 |
|
91,767 | ||
San-In Godo Bank Ltd. |
22,000 |
|
190,812 | ||
Senshu Ikeda Holdings, Inc. |
44,200 |
|
128,574 | ||
Seven Bank Ltd. |
160,300 |
|
300,147 | ||
Shikoku Bank Ltd. |
12,900 |
|
103,776 | ||
Suruga Bank Ltd. |
25,400 |
|
228,284 | ||
Tochigi Bank Ltd. |
18,000 |
|
38,157 | ||
Toho Bank Ltd. |
33,000 |
|
78,561 | ||
Tokyo Kiraboshi Financial Group, Inc. |
4,500 |
|
175,438 | ||
Towa Bank Ltd. |
13,700 |
|
56,434 | ||
Yamagata Bank Ltd. |
4,800 |
|
45,291 | ||
Yamanashi Chuo Bank Ltd. |
5,600 |
|
80,776 | ||
Total Banks |
|
4,724,105 | |||
Beverages – 0.2% |
|
||||
Takara Holdings, Inc. |
19,500 |
|
149,373 | ||
Biotechnology – 0.0% |
|
||||
Pharma Foods International Co. Ltd. |
5,300 |
|
31,650 | ||
Broadline Retail – 0.6% |
|
||||
ASKUL Corp. |
6,000 |
|
61,147 | ||
Belluna Co. Ltd. |
15,200 |
|
96,156 | ||
Izumi Co. Ltd. |
7,500 |
|
158,687 | ||
Seria Co. Ltd. |
6,600 |
|
110,603 | ||
Treasure Factory Co. Ltd. |
3,500 |
|
43,651 | ||
Total Broadline Retail |
|
470,244 | |||
Building Products – 1.0% |
|
||||
Bunka Shutter Co. Ltd. |
14,000 |
|
175,819 | ||
Central Glass Co. Ltd. |
4,800 |
|
104,160 | ||
Kondotec, Inc. |
4,800 |
|
45,708 | ||
Nichiha Corp. |
4,200 |
|
83,584 | ||
Nitto Boseki Co. Ltd. |
900 |
|
25,037 |
See Notes to Financial Statements.
WisdomTree Trust 27
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
Noritz Corp. |
5,100 |
$ |
60,127 | ||
Shin Nippon Air Technologies Co. Ltd. |
5,200 |
|
60,714 | ||
Sinko Industries Ltd. |
9,500 |
|
76,488 | ||
Takara Standard Co. Ltd. |
7,317 |
|
85,970 | ||
Toli Corp. |
14,200 |
|
44,820 | ||
Total Building Products |
|
762,427 | |||
Capital Markets – 2.3% |
|
||||
First Brothers Co. Ltd. |
7,100 |
|
47,811 | ||
GMO Financial Holdings, Inc. |
24,400 |
|
124,660 | ||
Ichiyoshi Securities Co. Ltd. |
13,300 |
|
67,060 | ||
Integral Corp.(a) |
1,300 |
|
25,428 | ||
IwaiCosmo Holdings, Inc. |
9,600 |
|
154,458 | ||
M&A Capital Partners Co. Ltd. |
2,800 |
|
52,334 | ||
Matsui Securities Co. Ltd. |
79,000 |
|
402,554 | ||
Monex Group, Inc. |
46,800 |
|
220,324 | ||
Nihon M&A Center Holdings, Inc. |
50,800 |
|
196,487 | ||
SBI Global Asset Management Co. Ltd. |
22,299 |
|
100,505 | ||
Sparx Group Co. Ltd. |
7,939 |
|
79,369 | ||
Strike Co. Ltd. |
1,600 |
|
31,906 | ||
Tokai Tokyo Financial Holdings, Inc. |
57,300 |
|
185,457 | ||
Toyo Securities Co. Ltd. |
13,600 |
|
46,382 | ||
Total Capital Markets |
|
1,734,735 | |||
Chemicals – 8.9% |
|
||||
ADEKA Corp. |
14,700 |
|
264,333 | ||
Aica Kogyo Co. Ltd. |
13,400 |
|
295,438 | ||
Arakawa Chemical Industries Ltd. |
4,500 |
|
33,132 | ||
Artience Co. Ltd. |
6,200 |
|
127,906 | ||
Asahi Yukizai Corp. |
2,300 |
|
55,754 | ||
C Uyemura & Co. Ltd. |
1,600 |
|
107,316 | ||
Chugoku Marine Paints Ltd. |
13,600 |
|
192,077 | ||
Dai Nippon Toryo Co. Ltd. |
8,700 |
|
67,778 | ||
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. |
4,100 |
|
82,389 | ||
Denka Co. Ltd. |
12,700 |
|
181,532 | ||
DIC Corp. |
11,600 |
|
235,972 | ||
DKS Co. Ltd. |
2,000 |
|
36,806 | ||
Fujimi, Inc. |
9,700 |
|
122,726 | ||
Fuso Chemical Co. Ltd. |
2,700 |
|
62,110 | ||
Harima Chemicals Group, Inc. |
9,400 |
|
53,431 | ||
Hokko Chemical Industry Co. Ltd. |
5,100 |
|
43,824 | ||
Ise Chemicals Corp.(a) |
300 |
|
45,098 | ||
Ishihara Sangyo Kaisha Ltd. |
9,300 |
|
110,948 | ||
JCU Corp. |
2,700 |
|
58,319 | ||
JSP Corp. |
8,317 |
|
114,015 | ||
Kaneka Corp. |
8,048 |
|
204,940 | ||
Kanto Denka Kogyo Co. Ltd. |
5,900 |
|
34,286 | ||
KeePer Technical Laboratory Co. Ltd.(a) |
1,400 |
|
35,342 | ||
KH Neochem Co. Ltd. |
7,100 |
|
119,552 | ||
Koatsu Gas Kogyo Co. Ltd. |
6,800 |
|
40,380 | ||
Konishi Co. Ltd. |
9,500 |
|
74,391 |
Investments |
Shares |
Value | |||
Kumiai Chemical Industry Co. Ltd. |
14,194 |
$ |
78,592 | ||
Kureha Corp. |
7,200 |
|
132,791 | ||
Lintec Corp. |
9,400 |
|
173,241 | ||
MEC Co. Ltd. |
900 |
|
13,824 | ||
Moriroku Co. Ltd. |
3,900 |
|
52,890 | ||
Nicca Chemical Co. Ltd. |
4,800 |
|
42,145 | ||
Nihon Nohyaku Co. Ltd. |
13,900 |
|
68,970 | ||
Nippon Kayaku Co. Ltd. |
26,100 |
|
246,444 | ||
Nippon Shokubai Co. Ltd. |
21,100 |
|
245,795 | ||
Nippon Soda Co. Ltd. |
10,900 |
|
211,600 | ||
Okamoto Industries, Inc. |
1,800 |
|
60,907 | ||
Okura Industrial Co. Ltd. |
2,500 |
|
65,033 | ||
Osaka Organic Chemical Industry Ltd. |
2,300 |
|
37,621 | ||
Osaka Soda Co. Ltd. |
6,185 |
|
67,169 | ||
PILLAR Corp. |
3,500 |
|
77,822 | ||
Rasa Industries Ltd. |
3,000 |
|
55,811 | ||
Riken Technos Corp. |
12,500 |
|
87,184 | ||
Sakai Chemical Industry Co. Ltd. |
3,100 |
|
56,158 | ||
Sakata INX Corp. |
9,100 |
|
116,717 | ||
Sanyo Chemical Industries Ltd. |
3,800 |
|
99,104 | ||
Shin-Etsu Polymer Co. Ltd. |
12,000 |
|
120,449 | ||
Stella Chemifa Corp. |
2,300 |
|
59,369 | ||
Sumitomo Seika Chemicals Co. Ltd. |
3,200 |
|
106,995 | ||
T Hasegawa Co. Ltd. |
3,400 |
|
63,980 | ||
Taiyo Holdings Co. Ltd. |
7,500 |
|
241,741 | ||
Takasago International Corp. |
1,400 |
|
59,543 | ||
Tayca Corp. |
3,400 |
|
30,308 | ||
Teijin Ltd. |
15,900 |
|
139,340 | ||
Toagosei Co. Ltd. |
19,300 |
|
182,107 | ||
Tokuyama Corp. |
10,400 |
|
193,965 | ||
Toyobo Co. Ltd. |
16,300 |
|
102,679 | ||
UBE Corp. |
17,180 |
|
249,819 | ||
Valqua Ltd. |
2,700 |
|
56,062 | ||
Zacros Corp. |
1,900 |
|
51,712 | ||
Zeon Corp. |
33,300 |
|
332,911 | ||
Total Chemicals |
|
6,780,593 | |||
Commercial Services & Supplies – 1.9% |
|
||||
Aeon Delight Co. Ltd. |
4,900 |
|
176,615 | ||
CTS Co. Ltd. |
6,900 |
|
35,621 | ||
Daiei Kankyo Co. Ltd. |
6,200 |
|
118,079 | ||
Daiseki Co. Ltd. |
2,540 |
|
63,356 | ||
Itoki Corp. |
5,900 |
|
64,744 | ||
Japan Elevator Service Holdings Co. Ltd. |
3,700 |
|
67,696 | ||
Kokuyo Co. Ltd. |
18,500 |
|
353,076 | ||
Kosaido Holdings Co. Ltd. |
9,700 |
|
33,795 | ||
Nippon Air Conditioning Services Co. Ltd. |
9,000 |
|
59,884 | ||
Nippon Kanzai Holdings Co. Ltd. |
2,500 |
|
44,386 | ||
Okamura Corp. |
15,500 |
|
203,882 | ||
Pilot Corp. |
2,700 |
|
74,876 | ||
Prestige International, Inc. |
10,700 |
|
47,296 |
See Notes to Financial Statements.
28 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
Sato Holdings Corp. |
4,200 |
$ |
59,262 | ||
TRE Holdings Corp. |
2,800 |
|
30,295 | ||
Total Commercial Services & Supplies |
|
1,432,863 | |||
Construction & Engineering – 6.2% |
|
||||
Asahi Kogyosha Co. Ltd. |
5,700 |
|
74,023 | ||
Asanuma Corp. |
23,300 |
|
108,756 | ||
CTI Engineering Co. Ltd. |
2,600 |
|
41,120 | ||
Dai-Dan Co. Ltd. |
4,700 |
|
116,604 | ||
EXEO Group, Inc. |
31,100 |
|
349,392 | ||
Hazama Ando Corp. |
33,000 |
|
301,444 | ||
JDC Corp. |
7,400 |
|
25,138 | ||
Kawada Technologies, Inc. |
3,800 |
|
73,693 | ||
Kumagai Gumi Co. Ltd. |
5,300 |
|
142,831 | ||
Mirait One Corp. |
10,644 |
|
155,026 | ||
Miyaji Engineering Group, Inc. |
5,900 |
|
70,387 | ||
Nippon Densetsu Kogyo Co. Ltd. |
3,800 |
|
53,389 | ||
Nippon Road Co. Ltd. |
5,000 |
|
63,227 | ||
Nishimatsu Construction Co. Ltd. |
6,800 |
|
218,269 | ||
Nittoc Construction Co. Ltd. |
6,900 |
|
47,526 | ||
Okumura Corp. |
8,200 |
|
232,774 | ||
Oriental Shiraishi Corp. |
22,800 |
|
55,803 | ||
Penta-Ocean Construction Co. Ltd. |
33,800 |
|
160,750 | ||
PS Construction Co. Ltd. |
9,400 |
|
92,529 | ||
Raito Kogyo Co. Ltd. |
4,000 |
|
65,855 | ||
Sanki Engineering Co. Ltd. |
10,600 |
|
239,234 | ||
Seikitokyu Kogyo Co. Ltd. |
10,500 |
|
106,236 | ||
Shinnihon Corp. |
7,900 |
|
82,571 | ||
SHO-BOND Holdings Co. Ltd. |
7,100 |
|
226,617 | ||
Sumitomo Densetsu Co. Ltd. |
2,600 |
|
84,325 | ||
Sumitomo Mitsui Construction Co. Ltd. |
15,740 |
|
43,892 | ||
Taihei Dengyo Kaisha Ltd. |
1,700 |
|
54,340 | ||
Taikisha Ltd. |
10,400 |
|
158,984 | ||
Takamatsu Construction Group Co. Ltd. |
2,700 |
|
49,959 | ||
Techno Ryowa Ltd. |
2,000 |
|
35,094 | ||
Tekken Corp. |
2,200 |
|
36,706 | ||
Toa Corp. |
10,600 |
|
91,937 | ||
TOA Road Corp. |
9,500 |
|
91,099 | ||
Toda Corp. |
33,900 |
|
199,968 | ||
Tokyo Energy & Systems, Inc. |
7,400 |
|
53,939 | ||
Tokyu Construction Co. Ltd. |
14,800 |
|
78,879 | ||
Totetsu Kogyo Co. Ltd. |
5,400 |
|
110,318 | ||
Toyo Construction Co. Ltd. |
19,100 |
|
168,214 | ||
Wakachiku Construction Co. Ltd. |
1,000 |
|
25,378 | ||
West Holdings Corp.(a) |
2,700 |
|
28,419 | ||
Yahagi Construction Co. Ltd. |
5,000 |
|
42,831 | ||
Yokogawa Bridge Holdings Corp. |
5,400 |
|
90,638 | ||
Yondenko Corp. |
9,100 |
|
78,197 | ||
Yurtec Corp. |
7,800 |
|
88,411 | ||
Total Construction & Engineering |
|
4,714,722 |
Investments |
Shares |
Value | |||
Construction Materials – 0.7% |
|
||||
Asia Pile Holdings Corp. |
13,600 |
$ |
83,670 | ||
Krosaki Harima Corp. |
7,400 |
|
126,682 | ||
Maeda Kosen Co. Ltd. |
5,600 |
|
71,376 | ||
Nippon Concrete Industries Co. Ltd. |
15,100 |
|
34,534 | ||
Shinagawa Refractories Co. Ltd. |
9,400 |
|
106,484 | ||
Sumitomo Osaka Cement Co. Ltd. |
4,100 |
|
98,702 | ||
Total Construction Materials |
|
521,448 | |||
Consumer Finance – 0.1% |
|
||||
J Trust Co. Ltd. |
19,900 |
|
58,154 | ||
Consumer Staples Distribution & Retail – 3.1% | |||||
Aeon Hokkaido Corp.(a) |
15,700 |
|
89,135 | ||
Ain Holdings, Inc. |
2,000 |
|
67,393 | ||
Arcs Co. Ltd. |
7,300 |
|
141,958 | ||
Axial Retailing, Inc. |
16,400 |
|
105,831 | ||
Belc Co. Ltd. |
1,800 |
|
81,971 | ||
Cawachi Ltd. |
3,200 |
|
60,195 | ||
Create SD Holdings Co. Ltd. |
4,200 |
|
81,675 | ||
Fuji Co. Ltd. |
8,100 |
|
117,540 | ||
G-7 Holdings, Inc. |
5,300 |
|
46,854 | ||
H2O Retailing Corp. |
9,800 |
|
148,173 | ||
Halows Co. Ltd. |
1,400 |
|
39,836 | ||
Heiwado Co. Ltd. |
5,100 |
|
86,626 | ||
JM Holdings Co. Ltd. |
2,700 |
|
42,575 | ||
Kato Sangyo Co. Ltd. |
4,300 |
|
141,761 | ||
Kusuri no Aoki Holdings Co. Ltd. |
2,800 |
|
63,662 | ||
Lacto Japan Co. Ltd. |
2,400 |
|
47,361 | ||
Life Corp. |
17,000 |
|
219,747 | ||
Mitsubishi Shokuhin Co. Ltd. |
6,100 |
|
200,084 | ||
Okuwa Co. Ltd. |
6,500 |
|
37,381 | ||
Qol Holdings Co. Ltd. |
3,600 |
|
43,550 | ||
Retail Partners Co. Ltd. |
4,000 |
|
36,031 | ||
San-A Co. Ltd. |
7,600 |
|
159,583 | ||
Shoei Foods Corp. |
1,400 |
|
38,665 | ||
Toho Co. Ltd. |
2,500 |
|
58,262 | ||
United Super Markets Holdings, Inc. |
13,756 |
|
75,891 | ||
Valor Holdings Co. Ltd. |
7,200 |
|
115,073 | ||
Yokorei Co. Ltd. |
6,400 |
|
36,250 | ||
Total Consumer Staples Distribution & Retail |
|
2,383,063 | |||
Containers & Packaging – 0.8% |
|
||||
FP Corp. |
6,800 |
|
128,279 | ||
Fuji Seal International, Inc. |
10,100 |
|
176,551 | ||
Hokkan Holdings Ltd. |
5,200 |
|
57,724 | ||
Pack Corp. |
3,800 |
|
85,890 | ||
Rengo Co. Ltd. |
26,981 |
|
142,952 | ||
Tomoku Co. Ltd. |
2,900 |
|
46,581 | ||
Total Containers & Packaging |
|
637,977 |
See Notes to Financial Statements.
WisdomTree Trust 29
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
Distributors – 0.8% |
|
||||
Arata Corp. |
4,100 |
$ |
85,954 | ||
Central Automotive Products Ltd. |
8,100 |
|
91,487 | ||
GSI Creos Corp. |
3,900 |
|
51,743 | ||
Happinet Corp. |
4,600 |
|
158,111 | ||
Optimus Group Co. Ltd.(a) |
14,200 |
|
32,760 | ||
PALTAC Corp. |
5,300 |
|
141,024 | ||
Yamae Group Holdings Co. Ltd. |
3,800 |
|
60,682 | ||
Total Distributors |
|
621,761 | |||
Diversified Consumer Services – 0.3% |
|
||||
Aucnet, Inc. |
7,800 |
|
63,688 | ||
I K K Holdings, Inc.(a) |
9,300 |
|
51,494 | ||
Step Co. Ltd. |
5,300 |
|
81,481 | ||
Waseda Academy Co. Ltd. |
4,100 |
|
56,370 | ||
Total Diversified Consumer Services |
|
253,033 | |||
Diversified Telecommunication Services – 0.3% |
|
||||
Asahi Net, Inc. |
14,500 |
|
65,645 | ||
U-Next Holdings Co. Ltd. |
5,300 |
|
62,343 | ||
Vision, Inc. |
9,100 |
|
73,267 | ||
Total Diversified Telecommunication Services |
|
201,255 | |||
Electric Utilities – 0.6% |
|
||||
Hokkaido Electric Power Co., Inc. |
20,400 |
|
103,842 | ||
Hokuriku Electric Power Co. |
13,000 |
|
72,511 | ||
Okinawa Electric Power Co., Inc. |
5,900 |
|
36,140 | ||
Shikoku Electric Power Co., Inc. |
34,000 |
|
263,174 | ||
Total Electric Utilities |
|
475,667 | |||
Electrical Equipment – 1.8% |
|
||||
Cosel Co. Ltd. |
7,600 |
|
53,618 | ||
Daihen Corp. |
2,200 |
|
93,125 | ||
Furukawa Electric Co. Ltd. |
3,826 |
|
126,135 | ||
GS Yuasa Corp. |
9,600 |
|
152,949 | ||
Mabuchi Motor Co. Ltd. |
16,700 |
|
255,849 | ||
Mirai Industry Co. Ltd. |
3,700 |
|
92,537 | ||
Nippon Carbon Co. Ltd. |
1,800 |
|
50,194 | ||
Nitto Kogyo Corp. |
10,500 |
|
218,721 | ||
Sanyo Denki Co. Ltd. |
500 |
|
31,229 | ||
SEC Carbon Ltd. |
3,900 |
|
54,325 | ||
Sinfonia Technology Co. Ltd. |
1,700 |
|
67,982 | ||
SWCC Corp. |
2,800 |
|
115,902 | ||
Toyo Tanso Co. Ltd. |
1,000 |
|
26,180 | ||
Total Electrical Equipment |
|
1,338,746 | |||
Electronic Equipment, Instruments & Components – 6.6% |
|
||||
A&D HOLON Holdings Co. Ltd. |
3,500 |
|
42,902 | ||
Ai Holdings Corp. |
7,900 |
|
109,619 | ||
Aichi Tokei Denki Co. Ltd. |
3,200 |
|
42,049 | ||
Alps Alpine Co. Ltd. |
23,200 |
|
235,972 | ||
Amano Corp. |
14,600 |
|
388,774 | ||
Anritsu Corp. |
20,200 |
|
181,549 | ||
Canon Electronics, Inc. |
5,700 |
|
94,835 |
Investments |
Shares |
Value | |||
Citizen Watch Co. Ltd. |
44,800 |
$ |
267,230 | ||
CMK Corp. |
18,600 |
|
50,250 | ||
Daishinku Corp. |
9,500 |
|
35,830 | ||
Daitron Co. Ltd. |
2,600 |
|
57,115 | ||
Daiwabo Holdings Co. Ltd. |
9,500 |
|
160,631 | ||
ESPEC Corp. |
4,686 |
|
74,643 | ||
Furuno Electric Co. Ltd. |
3,500 |
|
59,964 | ||
Furuya Metal Co. Ltd. |
2,300 |
|
41,020 | ||
Hagiwara Electric Holdings Co. Ltd. |
1,700 |
|
37,458 | ||
Hakuto Co. Ltd. |
5,200 |
|
143,092 | ||
Hibino Corp. |
1,800 |
|
28,840 | ||
Hioki EE Corp. |
1,400 |
|
66,002 | ||
Hochiki Corp. |
5,400 |
|
90,855 | ||
Innotech Corp. |
2,400 |
|
20,864 | ||
Japan Aviation Electronics Industry Ltd. |
7,300 |
|
127,362 | ||
Jeol Ltd. |
3,600 |
|
110,258 | ||
Kaga Electronics Co. Ltd. |
9,100 |
|
164,182 | ||
Kyosan Electric Manufacturing Co. Ltd. |
11,400 |
|
37,278 | ||
Marubun Corp. |
7,900 |
|
52,300 | ||
Maxell Ltd. |
6,800 |
|
82,897 | ||
Meiko Electronics Co. Ltd. |
1,600 |
|
73,184 | ||
Nichicon Corp. |
11,700 |
|
95,766 | ||
Nippon Ceramic Co. Ltd. |
6,900 |
|
132,426 | ||
Nippon Electric Glass Co. Ltd. |
15,100 |
|
352,104 | ||
Nippon Signal Co. Ltd. |
12,500 |
|
74,813 | ||
Nissha Co. Ltd. |
5,900 |
|
53,855 | ||
Nohmi Bosai Ltd. |
5,066 |
|
108,407 | ||
Oki Electric Industry Co. Ltd. |
11,100 |
|
73,040 | ||
Optex Group Co. Ltd. |
4,200 |
|
48,758 | ||
Osaki Electric Co. Ltd. |
7,900 |
|
42,474 | ||
Restar Corp. |
5,400 |
|
82,694 | ||
Riken Keiki Co. Ltd. |
1,900 |
|
32,717 | ||
RYODEN Corp. |
3,900 |
|
65,513 | ||
Sanshin Electronics Co. Ltd. |
4,800 |
|
65,898 | ||
Santec Holdings Corp. |
1,500 |
|
48,699 | ||
Satori Electric Co. Ltd. |
3,700 |
|
42,236 | ||
Shibaura Electronics Co. Ltd. |
4,300 |
|
126,809 | ||
Siix Corp. |
9,200 |
|
67,121 | ||
Sumida Corp. |
8,900 |
|
57,611 | ||
Sun-Wa Technos Corp. |
4,200 |
|
59,655 | ||
Suzuden Corp. |
3,000 |
|
37,956 | ||
Suzuki Co. Ltd. |
3,700 |
|
41,666 | ||
Tachibana Eletech Co. Ltd. |
4,400 |
|
70,705 | ||
Tamura Corp. |
13,100 |
|
44,502 | ||
Tokyo Electron Device Ltd. |
5,000 |
|
99,171 | ||
Tomen Devices Corp. |
1,300 |
|
48,596 | ||
Tsuzuki Denki Co. Ltd. |
5,200 |
|
78,692 | ||
Yashima Denki Co. Ltd. |
3,200 |
|
35,158 | ||
Yokowo Co. Ltd. |
4,000 |
|
36,619 | ||
Total Electronic Equipment, Instruments & Components |
|
5,000,616 |
See Notes to Financial Statements.
30 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
Energy Equipment & Services – 0.3% |
|
||||
Modec, Inc. |
5,300 |
$ |
146,021 | ||
Toyo Kanetsu KK |
3,400 |
|
83,215 | ||
Total Energy Equipment & Services |
|
229,236 | |||
Entertainment – 0.4% |
|
||||
Daiichikosho Co. Ltd. |
12,300 |
|
141,515 | ||
Marvelous, Inc. |
11,700 |
|
36,773 | ||
Tohokushinsha Film Corp. |
28,400 |
|
108,821 | ||
Total Entertainment |
|
287,109 | |||
Financial Services – 0.9% |
|
||||
eGuarantee, Inc. |
5,600 |
|
65,834 | ||
Financial Partners Group Co. Ltd. |
22,200 |
|
341,298 | ||
Japan Investment Adviser Co. Ltd. |
6,600 |
|
80,503 | ||
Japan Securities Finance Co. Ltd. |
10,900 |
|
130,182 | ||
Kyushu Leasing Service Co. Ltd. |
6,200 |
|
41,875 | ||
Total Financial Services |
|
659,692 | |||
Food Products – 4.8% |
|
||||
Ariake Japan Co. Ltd. |
2,900 |
|
119,848 | ||
Chubu Shiryo Co. Ltd. |
8,000 |
|
72,008 | ||
DyDo Group Holdings, Inc. |
2,400 |
|
45,949 | ||
Ezaki Glico Co. Ltd. |
5,300 |
|
163,919 | ||
Feed One Co. Ltd. |
8,900 |
|
51,957 | ||
Fuji Oil Co. Ltd. |
6,151 |
|
125,949 | ||
Fujicco Co. Ltd. |
4,400 |
|
47,048 | ||
Hokuto Corp. |
5,700 |
|
71,126 | ||
House Foods Group, Inc. |
5,700 |
|
103,811 | ||
Itoham Yonekyu Holdings, Inc. |
11,180 |
|
312,882 | ||
J-Oil Mills, Inc. |
6,300 |
|
85,438 | ||
Kagome Co. Ltd. |
5,100 |
|
100,182 | ||
Kakiyasu Honten Co. Ltd.(a) |
3,200 |
|
65,481 | ||
Kameda Seika Co. Ltd. |
900 |
|
23,502 | ||
Kanro, Inc.(a) |
2,600 |
|
58,419 | ||
Kotobuki Spirits Co. Ltd. |
9,400 |
|
152,748 | ||
Kyokuyo Co. Ltd. |
1,600 |
|
44,403 | ||
Maruha Nichiro Corp. |
7,300 |
|
159,190 | ||
Megmilk Snow Brand Co. Ltd. |
8,500 |
|
145,797 | ||
Mitsui DM Sugar Co. Ltd. |
5,400 |
|
121,874 | ||
Morinaga & Co. Ltd. |
10,400 |
|
174,214 | ||
Morinaga Milk Industry Co. Ltd. |
10,000 |
|
208,306 | ||
Nichimo Co. Ltd. |
2,900 |
|
37,137 | ||
Nippn Corp. |
14,700 |
|
213,314 | ||
Nisshin Oillio Group Ltd. |
5,200 |
|
167,607 | ||
Nissui Corp. |
35,200 |
|
212,485 | ||
Prima Meat Packers Ltd. |
8,000 |
|
118,871 | ||
Riken Vitamin Co. Ltd. |
6,300 |
|
101,911 | ||
S Foods, Inc. |
2,700 |
|
44,922 | ||
Sakata Seed Corp. |
3,000 |
|
67,708 | ||
Showa Sangyo Co. Ltd. |
6,100 |
|
115,645 |
Investments |
Shares |
Value | |||
Starzen Co. Ltd. |
8,400 |
$ |
52,296 | ||
Warabeya Nichiyo Holdings Co. Ltd. |
3,500 |
|
50,344 | ||
Wellneo Sugar Co. Ltd. |
4,600 |
|
71,673 | ||
Total Food Products |
|
3,707,964 | |||
Gas Utilities – 0.8% |
|
||||
Hokkaido Gas Co. Ltd. |
16,000 |
|
54,140 | ||
Nippon Gas Co. Ltd. |
24,900 |
|
371,485 | ||
Saibu Gas Holdings Co. Ltd. |
4,400 |
|
50,285 | ||
Shizuoka Gas Co. Ltd. |
17,900 |
|
135,381 | ||
Total Gas Utilities |
|
611,291 | |||
Ground Transportation – 1.4% |
|
||||
Fukuyama Transporting Co. Ltd. |
2,200 |
|
53,183 | ||
Ichinen Holdings Co. Ltd. |
4,000 |
|
44,751 | ||
Keikyu Corp. |
19,800 |
|
200,330 | ||
Maruzen Showa Unyu Co. Ltd. |
1,800 |
|
72,342 | ||
Nagoya Railroad Co. Ltd. |
11,600 |
|
135,207 | ||
Nankai Electric Railway Co. Ltd. |
8,700 |
|
142,566 | ||
Nikkon Holdings Co. Ltd. |
12,400 |
|
223,223 | ||
Nishi-Nippon Railroad Co. Ltd. |
3,400 |
|
48,883 | ||
Sakai Moving Service Co. Ltd. |
2,500 |
|
41,695 | ||
Sotetsu Holdings, Inc. |
7,200 |
|
105,395 | ||
Total Ground Transportation |
|
1,067,575 | |||
Health Care Equipment & Supplies – 1.3% |
|
||||
Eiken Chemical Co. Ltd. |
4,300 |
|
65,159 | ||
Fukuda Denshi Co. Ltd. |
2,900 |
|
123,920 | ||
Hogy Medical Co. Ltd. |
1,900 |
|
60,987 | ||
Japan Lifeline Co. Ltd. |
16,300 |
|
166,553 | ||
Mani, Inc. |
8,800 |
|
76,943 | ||
Mizuho Medy Co. Ltd. |
6,400 |
|
64,710 | ||
Nagaileben Co. Ltd. |
3,500 |
|
45,336 | ||
Nipro Corp. |
13,223 |
|
120,125 | ||
Paramount Bed Holdings Co. Ltd. |
8,106 |
|
134,648 | ||
PHC Holdings Corp. |
17,600 |
|
120,166 | ||
Shofu, Inc. |
3,800 |
|
53,643 | ||
Total Health Care Equipment & Supplies |
|
1,032,190 | |||
Health Care Providers & Services – 1.0% |
|
||||
As One Corp. |
6,400 |
|
99,184 | ||
Charm Care Corp. KK |
6,200 |
|
55,474 | ||
Elan Corp.(a) |
5,100 |
|
24,624 | ||
Falco Holdings Co. Ltd. |
3,600 |
|
55,923 | ||
France Bed Holdings Co. Ltd. |
6,700 |
|
58,424 | ||
HU Group Holdings, Inc. |
10,700 |
|
196,377 | ||
Ship Healthcare Holdings, Inc. |
8,018 |
|
107,450 | ||
Solasto Corp. |
14,000 |
|
42,878 | ||
Tokai Corp. |
4,300 |
|
60,098 | ||
Vital KSK Holdings, Inc. |
11,500 |
|
96,743 | ||
Total Health Care Providers & Services |
|
797,175 |
See Notes to Financial Statements.
WisdomTree Trust 31
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
Health Care Technology – 0.1% |
|
||||
EM Systems Co. Ltd. |
11,500 |
$ |
60,984 | ||
Hotels, Restaurants & Leisure – 2.7% |
|
||||
Create Restaurants Holdings, Inc. |
7,000 |
|
61,087 | ||
Curves Holdings Co. Ltd. |
8,900 |
|
38,447 | ||
Doutor Nichires Holdings Co. Ltd. |
5,700 |
|
92,357 | ||
Fast Fitness Japan, Inc. |
4,300 |
|
39,135 | ||
Food & Life Cos. Ltd. |
3,900 |
|
116,082 | ||
Fuji Kyuko Co. Ltd. |
4,100 |
|
61,580 | ||
Gamecard-Joyco Holdings, Inc. |
2,100 |
|
33,071 | ||
Genki Global Dining Concepts Corp. |
1,900 |
|
43,072 | ||
Heiwa Corp. |
14,800 |
|
231,986 | ||
Hiday Hidaka Corp. |
3,622 |
|
66,826 | ||
Ichibanya Co. Ltd. |
11,700 |
|
72,529 | ||
KOMEDA Holdings Co. Ltd. |
5,600 |
|
107,214 | ||
Koshidaka Holdings Co. Ltd. |
5,900 |
|
41,624 | ||
Kyoritsu Maintenance Co. Ltd. |
4,700 |
|
97,809 | ||
Monogatari Corp. |
1,600 |
|
36,218 | ||
MOS Food Services, Inc. |
1,900 |
|
46,503 | ||
Ohsho Food Service Corp. |
5,000 |
|
107,496 | ||
Resorttrust, Inc. |
26,600 |
|
258,191 | ||
Round One Corp. |
24,600 |
|
162,037 | ||
Royal Holdings Co. Ltd. |
4,000 |
|
68,316 | ||
Saizeriya Co. Ltd. |
1,200 |
|
34,345 | ||
St. Marc Holdings Co. Ltd. |
3,800 |
|
58,827 | ||
Tokyotokeiba Co. Ltd. |
2,900 |
|
85,038 | ||
Toridoll Holdings Corp. |
2,200 |
|
59,524 | ||
Yoshinoya Holdings Co. Ltd. |
2,900 |
|
58,431 | ||
Total Hotels, Restaurants & Leisure |
|
2,077,745 | |||
Household Durables – 2.5% |
|
||||
&Do Holdings Co. Ltd. |
7,100 |
|
60,108 | ||
Casio Computer Co. Ltd. |
39,000 |
|
318,567 | ||
Cleanup Corp. |
10,900 |
|
47,743 | ||
ES-Con Japan Ltd. |
19,600 |
|
133,428 | ||
Eslead Corp. |
3,600 |
|
99,425 | ||
Foster Electric Co. Ltd. |
3,900 |
|
33,747 | ||
Fuji Corp. Ltd. |
12,200 |
|
56,619 | ||
Fujitsu General Ltd. |
8,700 |
|
161,038 | ||
Global Ltd. |
7,900 |
|
47,546 | ||
Hoosiers Holdings Co. Ltd. |
10,900 |
|
79,961 | ||
JVCKenwood Corp. |
13,300 |
|
111,797 | ||
Ki-Star Real Estate Co. Ltd. |
2,300 |
|
69,674 | ||
Meiwa Estate Co. Ltd. |
5,600 |
|
35,613 | ||
Sangetsu Corp. |
12,800 |
|
248,913 | ||
Tama Home Co. Ltd.(a) |
6,300 |
|
152,297 | ||
Tamron Co. Ltd. |
8,100 |
|
187,415 | ||
TASUKI Holdings, Inc. |
6,700 |
|
29,660 | ||
Zojirushi Corp. |
6,800 |
|
68,027 | ||
Total Household Durables |
|
1,941,578 |
Investments |
Shares |
Value | |||
Household Products – 0.5% |
|
||||
Earth Corp. |
2,200 |
$ |
76,207 | ||
Pigeon Corp. |
21,100 |
|
259,411 | ||
Transaction Co. Ltd.(a) |
2,800 |
|
42,167 | ||
Total Household Products |
|
377,785 | |||
Industrial Conglomerates – 0.4% |
|
||||
Keihan Holdings Co. Ltd. |
4,500 |
|
97,981 | ||
TOKAI Holdings Corp. |
26,400 |
|
173,540 | ||
Total Industrial Conglomerates |
|
271,521 | |||
Insurance – 0.1% |
|
||||
FP Partner, Inc.(a) |
2,900 |
|
49,568 | ||
Zenhoren Co. Ltd. |
8,300 |
|
51,896 | ||
Total Insurance |
|
101,464 | |||
Interactive Media & Services – 0.2% |
|
||||
ITmedia, Inc. |
6,300 |
|
62,688 | ||
Kamakura Shinsho Ltd. |
10,700 |
|
34,560 | ||
MTI Ltd. |
5,700 |
|
32,285 | ||
Total Interactive Media & Services |
|
129,533 | |||
IT Services – 2.0% |
|
||||
Base Co. Ltd. |
1,400 |
|
28,414 | ||
Business Brain Showa-Ota, Inc. |
3,100 |
|
52,738 | ||
Change Holdings, Inc. |
5,700 |
|
47,722 | ||
Comture Corp. |
4,000 |
|
44,082 | ||
Digital Information Technologies Corp. |
2,800 |
|
47,915 | ||
DTS Corp. |
5,300 |
|
141,591 | ||
Future Corp. |
9,100 |
|
105,581 | ||
ID Holdings Corp. |
5,100 |
|
62,480 | ||
I-NET Corp. |
3,600 |
|
45,187 | ||
Itfor, Inc. |
9,500 |
|
94,339 | ||
Japan Business Systems, Inc. |
7,000 |
|
47,512 | ||
JBCC Holdings, Inc. |
12,400 |
|
91,296 | ||
Mitsubishi Research Institute, Inc. |
2,600 |
|
81,630 | ||
NSD Co. Ltd. |
11,200 |
|
250,453 | ||
Simplex Holdings, Inc. |
4,500 |
|
83,958 | ||
Softcreate Holdings Corp. |
4,700 |
|
61,822 | ||
Startia Holdings, Inc. |
2,800 |
|
40,781 | ||
TDC Soft, Inc. |
7,200 |
|
61,292 | ||
TechMatrix Corp. |
2,800 |
|
36,905 | ||
Uchida Yoko Co. Ltd. |
1,500 |
|
77,036 | ||
Total IT Services |
|
1,502,734 | |||
Leisure Products – 0.7% |
|
||||
Daikoku Denki Co. Ltd. |
1,900 |
|
33,301 | ||
Furyu Corp. |
5,600 |
|
36,137 | ||
GLOBERIDE, Inc. |
4,700 |
|
60,345 | ||
Mizuno Corp. |
7,800 |
|
135,199 | ||
Roland Corp. |
4,800 |
|
120,851 | ||
Universal Entertainment Corp. |
15,600 |
|
110,266 | ||
Yonex Co. Ltd. |
3,900 |
|
62,305 | ||
Total Leisure Products |
|
558,404 |
See Notes to Financial Statements.
32 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
Life Sciences Tools & Services – 0.1% |
|
||||
Shin Nippon Biomedical Laboratories Ltd. |
7,600 |
$ |
72,727 | ||
Machinery – 5.0% |
|
||||
Aida Engineering Ltd. |
7,500 |
|
44,888 | ||
Airman Corp |
3,500 |
|
44,540 | ||
Anest Iwata Corp. |
6,400 |
|
48,875 | ||
Bando Chemical Industries Ltd. |
8,500 |
|
93,674 | ||
Daihatsu Diesel Manufacturing Co. Ltd. |
4,800 |
|
54,985 | ||
Furukawa Co. Ltd. |
3,500 |
|
48,917 | ||
Galilei Co. Ltd. |
2,500 |
|
46,058 | ||
Glory Ltd. |
9,400 |
|
165,069 | ||
Iwaki Co. Ltd. |
2,100 |
|
29,785 | ||
Kanadevia Corp. |
11,935 |
|
73,027 | ||
Kitz Corp. |
12,500 |
|
97,298 | ||
Kyokuto Kaihatsu Kogyo Co. Ltd. |
7,300 |
|
115,646 | ||
Makino Milling Machine Co. Ltd. |
2,100 |
|
163,883 | ||
Max Co. Ltd. |
6,900 |
|
195,871 | ||
Meidensha Corp. |
2,900 |
|
83,680 | ||
METAWATER Co. Ltd. |
3,200 |
|
41,086 | ||
Mitsubishi Logisnext Co. Ltd. |
4,700 |
|
66,851 | ||
Mitsuboshi Belting Ltd. |
6,000 |
|
149,860 | ||
Morita Holdings Corp. |
4,900 |
|
67,894 | ||
Nikkiso Co. Ltd. |
5,900 |
|
50,304 | ||
Nissei ASB Machine Co. Ltd. |
2,300 |
|
76,364 | ||
Nomura Micro Science Co. Ltd. |
4,000 |
|
64,277 | ||
Noritake Co. Ltd. |
3,500 |
|
81,918 | ||
NTN Corp. |
82,000 |
|
133,029 | ||
Obara Group, Inc. |
2,100 |
|
45,991 | ||
Oiles Corp. |
4,700 |
|
70,874 | ||
OKUMA Corp. |
8,100 |
|
184,706 | ||
Organo Corp. |
2,500 |
|
106,493 | ||
OSG Corp. |
10,800 |
|
117,793 | ||
Rheon Automatic Machinery Co. Ltd. |
3,900 |
|
32,809 | ||
Ryobi Ltd. |
4,600 |
|
68,843 | ||
Shibaura Machine Co. Ltd. |
3,200 |
|
76,715 | ||
Shibuya Corp. |
2,000 |
|
42,798 | ||
Shinmaywa Industries Ltd. |
8,100 |
|
75,887 | ||
Shinwa Co. Ltd. |
1,600 |
|
30,964 | ||
Star Micronics Co. Ltd. |
4,000 |
|
51,839 | ||
Takeuchi Manufacturing Co. Ltd. |
5,900 |
|
200,823 | ||
Takuma Co. Ltd. |
10,000 |
|
122,710 | ||
Teikoku Electric Manufacturing Co. Ltd. |
1,500 |
|
29,320 | ||
Tocalo Co. Ltd. |
6,800 |
|
75,485 | ||
Torishima Pump Manufacturing Co. Ltd. |
2,800 |
|
38,253 | ||
Tsubakimoto Chain Co. |
20,300 |
|
251,001 | ||
Tsugami Corp. |
4,800 |
|
58,419 | ||
Union Tool Co. |
700 |
|
18,677 | ||
YAMABIKO Corp. |
7,200 |
|
114,591 | ||
Total Machinery |
|
3,852,770 |
Investments |
Shares |
Value | |||
Marine Transportation – 0.3% |
|
||||
Iino Kaiun Kaisha Ltd. |
16,200 |
$ |
108,007 | ||
NS United Kaiun Kaisha Ltd. |
4,600 |
|
123,198 | ||
Total Marine Transportation |
|
231,205 | |||
Media – 0.9% |
|
||||
Carta Holdings, Inc. |
6,300 |
|
62,730 | ||
Intage Holdings, Inc. |
4,300 |
|
48,251 | ||
Proto Corp. |
6,800 |
|
95,038 | ||
Septeni Holdings Co. Ltd.(a) |
11,200 |
|
27,112 | ||
SKY Perfect JSAT Holdings, Inc. |
31,500 |
|
247,088 | ||
ValueCommerce Co. Ltd. |
6,900 |
|
37,744 | ||
Vector, Inc. |
7,600 |
|
51,127 | ||
Zenrin Co. Ltd. |
14,700 |
|
104,298 | ||
Total Media |
|
673,388 | |||
Metals & Mining – 3.6% |
|
||||
Aichi Steel Corp. |
1,900 |
|
89,066 | ||
Araya Industrial Co. Ltd. |
1,700 |
|
50,759 | ||
ARE Holdings, Inc. |
14,400 |
|
190,761 | ||
Chubu Steel Plate Co. Ltd. |
5,800 |
|
81,838 | ||
Daido Steel Co. Ltd. |
32,000 |
|
254,648 | ||
Daiki Aluminium Industry Co. Ltd. |
8,700 |
|
57,829 | ||
Dowa Holdings Co. Ltd. |
5,900 |
|
182,634 | ||
Godo Steel Ltd. |
4,300 |
|
111,137 | ||
Kurimoto Ltd. |
4,500 |
|
137,221 | ||
Kyoei Steel Ltd. |
11,500 |
|
144,654 | ||
Mitsubishi Materials Corp. |
19,200 |
|
313,730 | ||
Mitsubishi Steel Manufacturing Co. Ltd. |
4,500 |
|
49,111 | ||
Mitsui Mining & Smelting Co. Ltd. |
7,500 |
|
217,918 | ||
Nakayama Steel Works Ltd. |
15,700 |
|
77,692 | ||
Nippon Denko Co. Ltd. |
25,400 |
|
47,559 | ||
Nippon Light Metal Holdings Co. Ltd. |
10,300 |
|
104,694 | ||
Nippon Yakin Kogyo Co. Ltd. |
3,200 |
|
89,020 | ||
OSAKA Titanium Technologies Co. Ltd. |
4,200 |
|
54,038 | ||
Tokyo Steel Manufacturing Co. Ltd. |
12,200 |
|
129,636 | ||
Tokyo Tekko Co. Ltd. |
3,400 |
|
130,734 | ||
Topy Industries Ltd. |
4,500 |
|
63,976 | ||
UACJ Corp. |
4,500 |
|
143,540 | ||
Total Metals & Mining |
|
2,722,195 | |||
Oil, Gas & Consumable Fuels – 0.7% |
|
||||
Fuji Oil Co. Ltd. |
17,400 |
|
35,489 | ||
Itochu Enex Co. Ltd. |
17,900 |
|
191,880 | ||
Nippon Coke & Engineering Co. Ltd.* |
76,600 |
|
44,052 | ||
Sala Corp. |
10,900 |
|
62,977 | ||
San-Ai Obbli Co. Ltd. |
19,700 |
|
226,852 | ||
Total Oil, Gas & Consumable Fuels |
|
561,250 | |||
Paper & Forest Products – 0.3% |
|
||||
Chuetsu Pulp & Paper Co. Ltd. |
5,300 |
|
50,257 | ||
Daio Paper Corp. |
9,800 |
|
53,934 |
See Notes to Financial Statements.
WisdomTree Trust 33
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
Nippon Paper Industries Co. Ltd. |
7,300 |
$ |
49,207 | ||
Tokushu Tokai Paper Co. Ltd. |
3,500 |
|
82,035 | ||
Total Paper & Forest Products |
|
235,433 | |||
Personal Care Products – 0.9% |
|
||||
Mandom Corp. |
7,800 |
|
68,851 | ||
Milbon Co. Ltd. |
4,200 |
|
83,865 | ||
Noevir Holdings Co. Ltd. |
7,200 |
|
205,831 | ||
Pola Orbis Holdings, Inc. |
31,300 |
|
266,345 | ||
Shinnihonseiyaku Co. Ltd. |
3,900 |
|
61,236 | ||
Total Personal Care Products |
|
686,128 | |||
Pharmaceuticals – 1.5% |
|
||||
ASKA Pharmaceutical Holdings Co. Ltd. |
4,800 |
|
73,955 | ||
Astena Holdings Co. Ltd. |
13,300 |
|
40,289 | ||
Daito Pharmaceutical Co. Ltd. |
2,900 |
|
42,373 | ||
Fuji Pharma Co. Ltd. |
6,100 |
|
54,498 | ||
JCR Pharmaceuticals Co. Ltd. |
18,000 |
|
58,259 | ||
Kyorin Pharmaceutical Co. Ltd. |
5,900 |
|
59,260 | ||
Mochida Pharmaceutical Co. Ltd. |
3,600 |
|
76,555 | ||
Nippon Shinyaku Co. Ltd. |
8,900 |
|
226,279 | ||
Sawai Group Holdings Co. Ltd. |
13,000 |
|
172,258 | ||
Towa Pharmaceutical Co. Ltd. |
4,400 |
|
78,826 | ||
Tsumura & Co. |
7,100 |
|
204,872 | ||
ZERIA Pharmaceutical Co. Ltd. |
6,200 |
|
93,576 | ||
Total Pharmaceuticals |
|
1,181,000 | |||
Professional Services – 2.6% |
|
||||
Altech Corp. |
2,950 |
|
50,817 | ||
Careerlink Co. Ltd. |
2,300 |
|
32,914 | ||
Dip Corp. |
4,700 |
|
70,214 | ||
en Japan, Inc. |
3,500 |
|
38,455 | ||
Forum Engineering, Inc. |
15,100 |
|
102,188 | ||
FULLCAST Holdings Co. Ltd. |
5,100 |
|
53,681 | ||
Funai Soken Holdings, Inc. |
4,240 |
|
65,270 | ||
JAC Recruitment Co. Ltd. |
30,100 |
|
162,436 | ||
Link & Motivation, Inc. |
8,500 |
|
29,671 | ||
Matching Service Japan Co. Ltd. |
5,400 |
|
34,269 | ||
MEITEC Group Holdings, Inc. |
19,500 |
|
380,246 | ||
Nomura Co. Ltd. |
12,600 |
|
76,591 | ||
Open Up Group, Inc. |
10,000 |
|
126,120 | ||
Quick Co. Ltd. |
3,700 |
|
47,308 | ||
SMS Co. Ltd. |
3,500 |
|
26,354 | ||
Tanseisha Co. Ltd. |
6,800 |
|
51,157 | ||
TechnoPro Holdings, Inc. |
10,600 |
|
233,917 | ||
TKC Corp. |
5,900 |
|
151,899 | ||
Transcosmos, Inc.* |
3,700 |
|
78,929 | ||
TRYT, Inc. |
16,200 |
|
44,741 | ||
UT Group Co. Ltd. |
5,100 |
|
69,676 | ||
Yamada Consulting Group Co. Ltd. |
3,100 |
|
36,112 | ||
Total Professional Services |
|
1,962,965 | |||
Real Estate Management & Development – 3.1% |
|
||||
Airport Facilities Co. Ltd. |
17,500 |
|
71,737 | ||
Aoyama Zaisan Networks Co. Ltd. |
5,700 |
|
72,956 |
Investments |
Shares |
Value | |||
Arealink Co. Ltd. |
4,200 |
$ |
54,936 | ||
B-Lot Co. Ltd. |
6,700 |
|
63,174 | ||
Dear Life Co. Ltd. |
12,300 |
|
91,464 | ||
Global Link Management KK |
4,400 |
|
56,523 | ||
Good Com Asset Co. Ltd. |
7,100 |
|
38,695 | ||
Grandy House Corp. |
12,500 |
|
44,888 | ||
Heiwa Real Estate Co. Ltd. |
4,800 |
|
150,863 | ||
Ichigo, Inc. |
43,800 |
|
113,059 | ||
JALCO Holdings, Inc. |
38,600 |
|
80,535 | ||
Japan Property Management Center Co. Ltd. |
6,800 |
|
54,112 | ||
JINUSHI Co. Ltd. |
5,600 |
|
78,117 | ||
JSB Co. Ltd. |
2,600 |
|
56,680 | ||
Kasumigaseki Capital Co. Ltd.(a) |
400 |
|
34,131 | ||
Katitas Co. Ltd. |
8,900 |
|
117,603 | ||
Keihanshin Building Co. Ltd. |
5,000 |
|
45,473 | ||
LA Holdings Co. Ltd. |
1,500 |
|
69,012 | ||
Leopalace21 Corp. |
37,800 |
|
147,621 | ||
Loadstar Capital KK |
4,800 |
|
78,352 | ||
Mirarth Holdings, Inc. |
43,900 |
|
148,545 | ||
Mugen Estate Co. Ltd. |
6,600 |
|
100,982 | ||
Relo Group, Inc. |
13,100 |
|
162,283 | ||
Starts Corp., Inc. |
9,500 |
|
249,348 | ||
Sun Frontier Fudousan Co. Ltd. |
8,000 |
|
104,801 | ||
Tosei Corp. |
6,300 |
|
101,068 | ||
Total Real Estate Management & Development |
|
2,386,958 | |||
Semiconductors & Semiconductor Equipment – 0.4% |
|
||||
Japan Material Co. Ltd. |
4,800 |
|
38,968 | ||
Micronics Japan Co. Ltd. |
1,800 |
|
41,888 | ||
Shibaura Mechatronics Corp. |
1,300 |
|
61,201 | ||
Shindengen Electric Manufacturing Co. Ltd. |
2,900 |
|
39,309 | ||
Tera Probe, Inc.(a) |
2,000 |
|
36,967 | ||
Towa Corp. |
5,700 |
|
56,642 | ||
Yamaichi Electronics Co. Ltd. |
2,500 |
|
34,589 | ||
Total Semiconductors & Semiconductor Equipment |
|
309,564 | |||
Software – 1.2% |
|
||||
Celsys, Inc. |
5,000 |
|
39,120 | ||
Computer Engineering & Consulting Ltd. |
7,300 |
|
113,352 | ||
Cresco Ltd. |
7,800 |
|
61,914 | ||
Digital Arts, Inc. |
1,300 |
|
58,071 | ||
Fukui Computer Holdings, Inc. |
2,700 |
|
61,208 | ||
I’ll, Inc. |
990 |
|
14,134 | ||
Intelligent Wave, Inc. |
6,000 |
|
42,450 | ||
Justsystems Corp. |
1,900 |
|
42,818 | ||
Miroku Jyoho Service Co. Ltd. |
7,000 |
|
86,599 | ||
Systena Corp. |
78,300 |
|
189,022 | ||
Toho System Science Co. Ltd. |
4,000 |
|
33,061 | ||
UNITED, Inc. |
10,300 |
|
50,694 | ||
WingArc1st, Inc. |
4,000 |
|
92,149 | ||
Total Software |
|
884,592 |
See Notes to Financial Statements.
34 WisdomTree Trust
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
Specialty Retail – 4.4% |
|
||||
Adastria Co. Ltd. |
6,322 |
$ |
120,403 | ||
Alleanza Holdings Co. Ltd.(a) |
6,000 |
|
40,885 | ||
Alpen Co. Ltd. |
4,400 |
|
70,322 | ||
AOKI Holdings, Inc. |
15,700 |
|
136,800 | ||
Aoyama Trading Co. Ltd. |
13,700 |
|
186,343 | ||
ARCLANDS Corp. |
6,479 |
|
71,705 | ||
Asahi Co. Ltd. |
6,900 |
|
67,782 | ||
Autobacs Seven Co. Ltd. |
12,600 |
|
127,146 | ||
Bic Camera, Inc. |
10,900 |
|
114,073 | ||
DCM Holdings Co. Ltd. |
16,200 |
|
150,690 | ||
EDION Corp. |
11,400 |
|
143,015 | ||
Geo Holdings Corp. |
4,200 |
|
50,948 | ||
Hard Off Corp. Co. Ltd. |
4,400 |
|
53,463 | ||
Honeys Holdings Co. Ltd. |
6,000 |
|
66,123 | ||
IDOM, Inc. |
17,300 |
|
138,132 | ||
Japan Eyewear Holdings Co. Ltd. |
2,500 |
|
37,950 | ||
JINS Holdings, Inc. |
1,300 |
|
60,332 | ||
Joshin Denki Co. Ltd. |
3,800 |
|
54,202 | ||
Joyful Honda Co. Ltd. |
6,200 |
|
83,045 | ||
Kohnan Shoji Co. Ltd. |
3,000 |
|
75,030 | ||
Kojima Co. Ltd. |
5,100 |
|
36,731 | ||
Komehyo Holdings Co. Ltd. |
1,200 |
|
22,910 | ||
Komeri Co. Ltd. |
3,000 |
|
59,382 | ||
K’s Holdings Corp. |
22,300 |
|
203,032 | ||
KU Holdings Co. Ltd. |
11,500 |
|
85,131 | ||
Nafco Co. Ltd. |
2,900 |
|
34,771 | ||
New Art Holdings Co. Ltd. |
6,490 |
|
60,543 | ||
Nextage Co. Ltd.(a) |
7,400 |
|
74,871 | ||
Nishimatsuya Chain Co. Ltd. |
4,000 |
|
53,364 | ||
Nissan Tokyo Sales Holdings Co. Ltd. |
21,400 |
|
73,413 | ||
Nojima Corp. |
7,400 |
|
125,197 | ||
PAL GROUP Holdings Co. Ltd. |
5,600 |
|
114,030 | ||
Sac’s Bar Holdings, Inc. |
8,300 |
|
47,289 | ||
Scroll Corp. |
8,100 |
|
54,762 | ||
Syuppin Co. Ltd. |
6,500 |
|
49,161 | ||
United Arrows Ltd. |
4,900 |
|
69,237 | ||
VT Holdings Co. Ltd. |
25,754 |
|
85,938 | ||
World Co. Ltd. |
6,800 |
|
117,820 | ||
Xebio Holdings Co. Ltd. |
5,900 |
|
51,054 | ||
Yellow Hat Ltd. |
10,800 |
|
99,738 | ||
Total Specialty Retail |
|
3,366,763 | |||
Technology Hardware, Storage & Peripherals – 0.6% |
|
||||
Elecom Co. Ltd. |
11,200 |
|
123,804 | ||
MCJ Co. Ltd. |
11,400 |
|
103,678 | ||
Mimaki Engineering Co. Ltd. |
5,300 |
|
58,373 | ||
Riso Kagaku Corp. |
9,100 |
|
75,823 | ||
Toshiba TEC Corp. |
2,800 |
|
50,050 | ||
Wacom Co. Ltd. |
20,600 |
|
78,796 | ||
Total Technology Hardware, Storage & Peripherals |
|
490,524 |
Investments |
Shares |
Value | |||
Textiles, Apparel & Luxury Goods – 1.3% |
|
||||
Baroque Japan Ltd.(a) |
8,500 |
$ |
39,675 | ||
Daidoh Ltd.(a) |
15,000 |
|
86,565 | ||
Fujibo Holdings, Inc. |
1,600 |
|
52,695 | ||
Gunze Ltd. |
4,000 |
|
70,456 | ||
Japan Wool Textile Co. Ltd. |
9,800 |
|
101,775 | ||
Kurabo Industries Ltd. |
2,900 |
|
115,581 | ||
Morito Co. Ltd. |
8,100 |
|
81,412 | ||
Onward Holdings Co. Ltd. |
26,639 |
|
96,373 | ||
Seiko Group Corp. |
4,000 |
|
110,606 | ||
Wacoal Holdings Corp. |
5,000 |
|
170,289 | ||
Yondoshi Holdings, Inc. |
6,700 |
|
82,574 | ||
Total Textiles, Apparel & Luxury Goods |
|
1,008,001 | |||
Trading Companies & Distributors – 2.9% |
|
||||
Advan Group Co. Ltd. |
5,200 |
|
29,801 | ||
Alconix Corp. |
6,700 |
|
69,312 | ||
Chori Co. Ltd. |
3,800 |
|
76,488 | ||
Daiichi Jitsugyo Co. Ltd. |
3,700 |
|
53,914 | ||
Gecoss Corp. |
7,200 |
|
49,929 | ||
Hanwa Co. Ltd. |
5,900 |
|
192,932 | ||
Inaba Denki Sangyo Co. Ltd. |
10,900 |
|
276,983 | ||
Inabata & Co. Ltd. |
7,300 |
|
154,748 | ||
Japan Pulp & Paper Co. Ltd. |
11,300 |
|
45,566 | ||
Kamei Corp. |
4,200 |
|
55,526 | ||
Kanaden Corp. |
4,100 |
|
40,386 | ||
Kanamoto Co. Ltd. |
2,800 |
|
60,666 | ||
Kanematsu Corp. |
19,000 |
|
319,928 | ||
MARUKA FURUSATO Corp. |
1,800 |
|
28,696 | ||
Meiwa Corp. |
12,400 |
|
57,713 | ||
Nichiden Corp. |
2,700 |
|
52,216 | ||
Nishio Holdings Co. Ltd. |
2,500 |
|
69,881 | ||
Sanyo Trading Co. Ltd. |
3,900 |
|
38,337 | ||
Seika Corp. |
2,400 |
|
69,413 | ||
Senshu Electric Co. Ltd. |
1,500 |
|
43,232 | ||
Sumiseki Holdings, Inc. |
12,500 |
|
61,271 | ||
Totech Corp. |
5,600 |
|
91,299 | ||
Trusco Nakayama Corp. |
4,100 |
|
54,451 | ||
Wakita & Co. Ltd. |
6,200 |
|
71,685 | ||
Yamazen Corp. |
11,300 |
|
99,519 | ||
Yuasa Trading Co. Ltd. |
2,400 |
|
72,703 | ||
Total Trading Companies & Distributors |
|
2,236,595 | |||
Transportation Infrastructure – 0.2% |
|
||||
Nissin Corp. |
3,800 |
|
120,576 | ||
Wireless Telecommunication Services – 0.3% | |||||
Okinawa Cellular Telephone Co. |
8,000 |
|
228,434 | ||
TOTAL COMMON STOCKS (Cost: $70,127,487) |
|
75,461,222 |
See Notes to Financial Statements.
WisdomTree Trust 35
Schedule of Investments (continued) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
Investments |
Shares |
Value | |||
MUTUAL FUND – 0.0% |
|
||||
United States – 0.0% |
|
||||
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.21%(b) (Cost: $18,471) |
18,471 |
$ |
18,471 | ||
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5% | |||||
United States – 0.5% |
|
||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.29%(b) (Cost: $420,103) |
420,103 |
|
420,103 | ||
TOTAL INVESTMENTS IN SECURITIES – 99.2% (Cost: $70,566,061) |
|
75,899,796 | |||
Other Assets less Liabilities – 0.8% |
|
611,609 | |||
NET ASSETS – 100.0% |
$ |
76,511,405 |
* Non-income producing security.
(a) Security, or portion thereof, was on loan at March 31, 2025 (See Note 2). At March 31, 2025, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $801,096 and the total market value of the collateral held by the Fund was $848,957. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $428,854.
(b) Rate shown represents annualized 7-day yield as of March 31, 2025.
CURRENCY ABBREVIATIONS: | ||
JPY |
Japanese yen | |
USD |
United States dollar |
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC — OVER THE COUNTER)
Counterparty |
Settlement
|
Amount
and Description of |
Amount
and Description of |
Unrealized
|
Unrealized
| ||||||||||||
Barclays Bank PLC |
4/3/2025 |
14,338,609 |
USD |
2,153,346,490 |
JPY |
$ |
— |
$ |
(62,778 |
) | |||||||
Citibank NA |
4/3/2025 |
2,246,037,281 |
JPY |
15,021,400 |
USD |
|
— |
|
(105 |
) | |||||||
Citibank NA |
4/3/2025 |
14,338,609 |
USD |
2,153,349,357 |
JPY |
|
— |
|
(62,798 |
) | |||||||
Citibank NA |
5/7/2025 |
15,679,563 |
USD |
2,335,499,132 |
JPY |
|
162 |
|
— |
| |||||||
Goldman Sachs |
4/3/2025 |
2,246,023,762 |
JPY |
15,021,400 |
USD |
|
— |
|
(195 |
) | |||||||
Goldman Sachs |
5/7/2025 |
15,679,566 |
USD |
2,335,471,355 |
JPY |
|
351 |
|
— |
| |||||||
HSBC Holdings PLC |
4/3/2025 |
14,338,609 |
USD |
2,153,346,490 |
JPY |
|
— |
|
(62,778 |
) | |||||||
Morgan Stanley & Co. International |
4/1/2025 |
40,118 |
USD |
6,000,000 |
JPY |
|
— |
|
(5 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
2,246,029,695 |
JPY |
15,021,400 |
USD |
|
— |
|
(156 |
) | |||||||
Royal Bank of Canada |
4/3/2025 |
14,338,609 |
USD |
2,153,367,037 |
JPY |
|
— |
|
(62,916 |
) | |||||||
Royal Bank of Canada |
5/7/2025 |
15,679,566 |
USD |
2,335,466,573 |
JPY |
|
383 |
|
— |
| |||||||
Standard Chartered Bank |
4/3/2025 |
2,246,031,272 |
JPY |
15,021,400 |
USD |
|
— |
|
(145 |
) | |||||||
Standard Chartered Bank |
4/3/2025 |
3,413,955 |
USD |
514,161,765 |
JPY |
|
— |
|
(24,713 |
) | |||||||
Standard Chartered Bank |
5/7/2025 |
15,679,566 |
USD |
2,335,480,763 |
JPY |
|
288 |
|
— |
| |||||||
UBS Group AG |
4/3/2025 |
2,245,977,195 |
JPY |
15,021,400 |
USD |
|
— |
|
(507 |
) | |||||||
UBS Group AG |
4/3/2025 |
14,338,609 |
USD |
2,153,347,923 |
JPY |
|
— |
|
(62,788 |
) | |||||||
UBS Group AG |
5/7/2025 |
15,679,566 |
USD |
2,335,436,860 |
JPY |
|
582 |
|
— |
| |||||||
$ |
1,766 |
$ |
(339,884 |
) |
See Notes to Financial Statements.
36 WisdomTree Trust
Schedule of Investments (concluded) WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) March 31, 2025
|
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
Quoted
|
Other
|
Significant
|
Total | ||||||||||
Assets: |
|
|
|
|
| ||||||||
Investments in Securities |
|
|
|
|
| ||||||||
Common Stocks |
$ |
75,461,222 |
$ |
— |
|
$— |
$ |
75,461,222 |
| ||||
Mutual Fund |
|
— |
|
18,471 |
|
— |
|
18,471 |
| ||||
Investment of Cash Collateral for Securities Loaned |
|
— |
|
420,103 |
|
— |
|
420,103 |
| ||||
Total Investments in Securities |
$ |
75,461,222 |
$ |
438,574 |
|
$— |
$ |
75,899,796 |
| ||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
1,766 |
|
$— |
$ |
1,766 |
| ||||
Liabilities: |
|
|
|
|
| ||||||||
Financial Derivative Instruments |
|
|
|
|
| ||||||||
Foreign Currency Contracts1 |
$ |
— |
$ |
(339,884 |
) |
$— |
$ |
(339,884 |
) | ||||
Total – Net |
$ |
75,461,222 |
$ |
100,456 |
|
$— |
$ |
75,561,678 |
|
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
WisdomTree Trust 37
Statements of Assets and Liabilities WisdomTree Trust March 31, 2025
|
WisdomTree
|
WisdomTree
|
WisdomTree
|
WisdomTree
| |||||||||||
ASSETS: |
|
|
|
|
|
|
||||||||
Investments in securities, at cost |
$ |
1,319,532,364 |
|
$ |
71,365,781 |
|
$ |
7,061,460 |
$ |
2,609,714,583 | ||||
Investments in affiliates, at cost (Note 3) |
|
— |
|
|
— |
|
|
— |
|
170,492 | ||||
Foreign currency, at cost |
|
660,449 |
|
|
2,010 |
|
|
48,186 |
|
7,610,235 | ||||
Investments in securities, at value1,2 (Note 2) |
|
1,668,475,009 |
|
|
79,817,889 |
|
|
7,385,590 |
|
2,847,358,858 | ||||
Investments in affiliates, at value (Note 3) |
|
— |
|
|
— |
|
|
— |
|
214,687 | ||||
Foreign currency, at value |
|
660,575 |
|
|
1,991 |
|
|
48,394 |
|
7,592,044 | ||||
Unrealized appreciation on foreign currency contracts |
|
610,604 |
|
|
20,269 |
|
|
— |
|
760,165 | ||||
Receivables: |
|
|
|
|
|
|
||||||||
Investment securities sold |
|
57,064,356 |
|
|
2,420,225 |
|
|
122,069 |
|
53,794,332 | ||||
Due from broker |
|
— |
|
|
— |
|
|
10,000 |
|
— | ||||
Dividends |
|
951,152 |
|
|
138,071 |
|
|
136 |
|
7,533,708 | ||||
Securities lending income |
|
404 |
|
|
59 |
|
|
— |
|
2,348 | ||||
Interest |
|
1,072 |
|
|
39 |
|
|
35 |
|
1,489 | ||||
Foreign tax reclaims |
|
8,085,649 |
|
|
143,778 |
|
|
— |
|
7,464,509 | ||||
Other (Note 6) |
|
649,828 |
|
|
228,930 |
|
|
— |
|
545,622 | ||||
Total Assets |
|
1,736,498,649 |
|
|
82,771,251 |
|
|
7,566,224 |
|
2,925,267,762 | ||||
LIABILITIES: |
|
|
|
|
|
|
||||||||
Unrealized depreciation on foreign currency contracts |
|
61,734,410 |
|
|
2,649,725 |
|
|
177,428 |
|
80,312,164 | ||||
Payables: |
|
|
|
|
|
|
||||||||
Cash collateral received for securities loaned (Note 2) |
|
2,947,421 |
|
|
325,849 |
|
|
— |
|
8,036,036 | ||||
Advisory fees (Note 3) |
|
837,072 |
|
|
37,813 |
|
|
3,773 |
|
1,453,297 | ||||
Service fees (Note 2) |
|
6,350 |
|
|
287 |
|
|
26 |
|
11,025 | ||||
Foreign capital gains tax |
|
— |
|
|
— |
|
|
169,404 |
|
— | ||||
Cash due to custodian |
|
6 |
|
|
— |
|
|
— |
|
— | ||||
Other (Note 6) |
|
194,949 |
|
|
68,679 |
|
|
— |
|
163,686 | ||||
Total Liabilities |
|
65,720,208 |
|
|
3,082,353 |
|
|
350,631 |
|
89,976,208 | ||||
NET ASSETS |
$ |
1,670,778,441 |
|
$ |
79,688,898 |
|
$ |
7,215,593 |
$ |
2,835,291,554 | ||||
NET ASSETS: |
|
|
|
|
|
|
||||||||
Paid-in capital |
$ |
3,458,053,466 |
|
$ |
94,536,166 |
|
$ |
7,086,490 |
$ |
2,818,850,497 | ||||
Total distributable earnings (loss) |
|
(1,787,275,025 |
) |
|
(14,847,268 |
) |
|
129,103 |
|
16,441,057 | ||||
NET ASSETS |
$ |
1,670,778,441 |
|
$ |
79,688,898 |
|
$ |
7,215,593 |
$ |
2,835,291,554 | ||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
|
35,450,000 |
|
|
1,900,000 |
|
|
175,000 |
|
65,650,000 | ||||
Net asset value per share |
$ |
47.13 |
|
$ |
41.94 |
|
$ |
41.23 |
$ |
43.19 | ||||
1 Includes market value of securities out on loan of: |
$ |
2,715,737 |
|
$ |
480,053 |
|
$ |
— |
$ |
7,535,745 | ||||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information) |
See Notes to Financial Statements.
38 WisdomTree Trust
Statements of Assets and Liabilities (concluded) WisdomTree Trust March 31, 2025
|
WisdomTree
|
WisdomTree
| |||||||
ASSETS: |
|
|
|
| ||||
Investments in securities, at cost |
$ |
3,121,080,665 |
|
$ |
70,566,061 |
| ||
Foreign currency, at cost |
|
2,416,667 |
|
|
202,075 |
| ||
Investments in securities, at value1,2 (Note 2) |
|
3,373,088,648 |
|
|
75,899,796 |
| ||
Foreign currency, at value |
|
2,417,415 |
|
|
203,672 |
| ||
Unrealized appreciation on foreign currency contracts |
|
189,572 |
|
|
1,766 |
| ||
Receivables: |
|
|
|
| ||||
Dividends |
|
39,714,748 |
|
|
1,117,431 |
| ||
Securities lending income |
|
1,232 |
|
|
754 |
| ||
Interest |
|
8,053 |
|
|
38 |
| ||
Foreign tax reclaims |
|
5,710,359 |
|
|
84,659 |
| ||
Total Assets |
|
3,421,130,027 |
|
|
77,308,116 |
| ||
LIABILITIES: |
|
|
|
| ||||
Unrealized depreciation on foreign currency contracts |
|
17,332,282 |
|
|
339,884 |
| ||
Payables: |
|
|
|
| ||||
Cash collateral received for securities loaned (Note 2) |
|
— |
|
|
420,103 |
| ||
Advisory fees (Note 3) |
|
1,438,292 |
|
|
36,448 |
| ||
Service fees (Note 2) |
|
13,184 |
|
|
276 |
| ||
Total Liabilities |
|
18,783,758 |
|
|
796,711 |
| ||
NET ASSETS |
$ |
3,402,346,269 |
|
$ |
76,511,405 |
| ||
NET ASSETS: |
|
|
|
| ||||
Paid-in capital |
$ |
4,509,352,487 |
|
$ |
88,039,461 |
| ||
Total distributable earnings (loss) |
|
(1,107,006,218 |
) |
|
(11,528,056 |
) | ||
NET ASSETS |
$ |
3,402,346,269 |
|
$ |
76,511,405 |
| ||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
|
31,200,000 |
|
|
2,200,000 |
| ||
Net asset value per share |
$ |
109.05 |
|
$ |
34.78 |
| ||
1 Includes market value of securities out on loan of: |
$ |
— |
|
$ |
801,096 |
| ||
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information) |
|
See Notes to Financial Statements.
WisdomTree Trust 39
Statements of Operations WisdomTree Trust For the Year Ended March 31, 2025
|
WisdomTree
|
WisdomTree
|
WisdomTree
|
WisdomTree
| |||||||||||||
INVESTMENT INCOME: |
|
|
|
|
|
|
|
| ||||||||
Dividends |
$ |
68,633,616 |
|
$ |
2,356,000 |
|
$ |
429,596 |
|
$ |
67,979,813 |
| ||||
Dividends from affiliates (Note 3) |
|
— |
|
|
— |
|
|
— |
|
|
14,551 |
| ||||
Interest |
|
3,335 |
|
|
106 |
|
|
2,030 |
|
|
31,518 |
| ||||
Non-cash dividends |
|
— |
|
|
6,089 |
|
|
— |
|
|
— |
| ||||
Other income (Note 6) |
|
1,287,742 |
|
|
376,221 |
|
|
— |
|
|
1,337,405 |
| ||||
Securities lending income, net (Note 2) |
|
403,322 |
|
|
14,770 |
|
|
— |
|
|
307,193 |
| ||||
Less: Foreign withholding taxes on dividends |
|
(9,788,993 |
) |
|
(348,821 |
) |
|
(101,496 |
) |
|
(6,895,287 |
) | ||||
Total investment income |
|
60,539,022 |
|
|
2,404,365 |
|
|
330,130 |
|
|
62,775,193 |
| ||||
EXPENSES: |
|
|
|
|
|
|
|
| ||||||||
Advisory fees (Note 3) |
|
9,729,820 |
|
|
284,309 |
|
|
181,453 |
|
|
15,889,970 |
| ||||
Service fees (Note 2) |
|
73,812 |
|
|
2,157 |
|
|
1,267 |
|
|
120,544 |
| ||||
Other fees (Note 6) |
|
316,974 |
|
|
110,509 |
|
|
— |
|
|
389,849 |
| ||||
Interest expense (Note 7) |
|
— |
|
|
— |
|
|
365 |
|
|
— |
| ||||
Total expenses |
|
10,120,606 |
|
|
396,975 |
|
|
183,085 |
|
|
16,400,363 |
| ||||
Expense waivers (Note 3) |
|
— |
|
|
— |
|
|
— |
|
|
(2,539 |
) | ||||
Net expenses |
|
10,120,606 |
|
|
396,975 |
|
|
183,085 |
|
|
16,397,824 |
| ||||
Net investment income |
|
50,418,416 |
|
|
2,007,390 |
|
|
147,045 |
|
|
46,377,369 |
| ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
|
|
|
|
|
|
|
| ||||||||
Net realized gain (loss) from: |
|
|
|
|
|
|
|
| ||||||||
Investment transactions1 |
|
(79,119,881 |
) |
|
(1,515,461 |
) |
|
(267,709 |
) |
|
(64,516,622 |
) | ||||
Investment transactions in affiliates (Note 3) |
|
— |
|
|
— |
|
|
— |
|
|
189,740 |
| ||||
In-kind redemptions |
|
138,073,531 |
|
|
1,150,091 |
|
|
— |
|
|
125,661,119 |
| ||||
Futures contracts |
|
— |
|
|
— |
|
|
9,036 |
|
|
— |
| ||||
Foreign currency contracts |
|
83,987,946 |
|
|
2,533,460 |
|
|
532,974 |
|
|
108,361,735 |
| ||||
Foreign currency related transactions |
|
(530,195 |
) |
|
(22,327 |
) |
|
66,259 |
|
|
(661,057 |
) | ||||
Net realized gain |
|
142,411,401 |
|
|
2,145,763 |
|
|
340,560 |
|
|
169,034,915 |
| ||||
Net increase (decrease) in net unrealized appreciation/depreciation: |
|
|
|
|
|
|
|
| ||||||||
Investment transactions2 |
|
(132,097,656 |
) |
|
4,612,171 |
|
|
154,726 |
|
|
(233,604,942 |
) | ||||
Investment transactions in affiliates (Note 3) |
|
— |
|
|
— |
|
|
— |
|
|
(237,876 |
) | ||||
Foreign currency contracts |
|
(67,375,955 |
) |
|
(2,763,060 |
) |
|
(177,428 |
) |
|
(100,251,070 |
) | ||||
Translation of assets and liabilities denominated in foreign currencies |
|
60,359 |
|
|
3,317 |
|
|
208 |
|
|
(126,261 |
) | ||||
Net increase (decrease) in unrealized appreciation/depreciation |
|
(199,413,252 |
) |
|
1,852,428 |
|
|
(22,494 |
) |
|
(334,220,149 |
) | ||||
Net realized and unrealized gain (loss) on investments |
|
(57,001,851 |
) |
|
3,998,191 |
|
|
318,066 |
|
|
(165,185,234 |
) | ||||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS |
$ |
(6,583,435 |
) |
$ |
6,005,581 |
|
$ |
465,111 |
|
$ |
(118,807,865 |
) | ||||
1 Net of foreign capital gains (tax) and capital gains tax refund, if applicable, of: |
$ |
— |
|
$ |
— |
|
$ |
(105,360 |
) |
$ |
— |
| ||||
2 Includes net increase (decrease) in accrued foreign capital gain taxes of: |
$ |
— |
|
$ |
— |
|
$ |
169,404 |
|
$ |
— |
|
1 For the period May 9, 2024 (commencement of operations) through March 31, 2025.
See Notes to Financial Statements.
40 WisdomTree Trust
Statements of Operations (concluded) WisdomTree Trust For the Year Ended March 31, 2025
|
WisdomTree
|
WisdomTree
| |||||||
INVESTMENT INCOME: |
|
|
|
| ||||
Dividends |
$ |
116,817,084 |
|
$ |
2,765,670 |
| ||
Interest |
|
— |
|
|
210 |
| ||
Securities lending income, net (Note 2) |
|
509,748 |
|
|
29,132 |
| ||
Less: Foreign withholding taxes on dividends |
|
(11,675,440 |
) |
|
(278,788 |
) | ||
Total investment income |
|
105,651,392 |
|
|
2,516,224 |
| ||
EXPENSES: |
|
|
|
| ||||
Advisory fees (Note 3) |
|
20,100,931 |
|
|
431,527 |
| ||
Service fees (Note 2) |
|
184,258 |
|
|
3,273 |
| ||
Total expenses |
|
20,285,189 |
|
|
434,800 |
| ||
Net investment income |
|
85,366,203 |
|
|
2,081,424 |
| ||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
|
|
|
| ||||
Net realized gain (loss) from: |
|
|
|
| ||||
Investment transactions |
|
(102,788,668 |
) |
|
(636,807 |
) | ||
In-kind redemptions |
|
465,007,666 |
|
|
3,262,417 |
| ||
Foreign currency contracts |
|
117,378,581 |
|
|
2,440,460 |
| ||
Foreign currency related transactions |
|
7,897,156 |
|
|
130,119 |
| ||
Net realized gain |
|
487,494,735 |
|
|
5,196,189 |
| ||
Net increase (decrease) in net unrealized appreciation/depreciation: |
|
|
|
| ||||
Investment transactions |
|
(461,573,406 |
) |
|
(1,767,027 |
) | ||
Foreign currency contracts |
|
(87,097,432 |
) |
|
(1,333,932 |
) | ||
Translation of assets and liabilities denominated in foreign currencies |
|
354,336 |
|
|
8,796 |
| ||
Net decrease in unrealized appreciation/depreciation |
|
(548,316,502 |
) |
|
(3,092,163 |
) | ||
Net realized and unrealized gain (loss) on investments |
|
(60,821,767 |
) |
|
2,104,026 |
| ||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ |
24,544,436 |
|
$ |
4,185,450 |
|
See Notes to Financial Statements.
WisdomTree Trust 41
Statements of Changes in Net Assets WisdomTree Trust
|
WisdomTree Europe Hedged
|
WisdomTree Europe Hedged
| |||||||||||||||
For
the |
For
the |
For
the |
For
the | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
Net investment income |
$ |
50,418,416 |
|
$ |
48,593,345 |
|
$ |
2,007,390 |
|
$ |
1,871,720 |
| ||||
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions |
|
142,411,401 |
|
|
(36,522,568 |
) |
|
2,145,763 |
|
|
(993,153 |
) | ||||
Net increase (decrease) in net unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies |
|
(199,413,252 |
) |
|
288,828,253 |
|
|
1,852,428 |
|
|
5,123,319 |
| ||||
Net increase (decrease) in net assets resulting from operations |
|
(6,583,435 |
) |
|
300,899,030 |
|
|
6,005,581 |
|
|
6,001,886 |
| ||||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
Distributable earnings |
|
(53,344,485 |
) |
|
(48,992,250 |
) |
|
(1,826,376 |
) |
|
(1,960,000 |
) | ||||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
Net proceeds from sale of shares |
|
250,360,125 |
|
|
290,026,390 |
|
|
37,147,912 |
|
|
10,188,628 |
| ||||
Cost of shares redeemed |
|
(419,648,461 |
) |
|
(44,534,131 |
) |
|
(5,717,516 |
) |
|
(19,117,867 |
) | ||||
Net increase (decrease) in net assets resulting from capital share transactions |
|
(169,288,336 |
) |
|
245,492,259 |
|
|
31,430,396 |
|
|
(8,929,239 |
) | ||||
Net Increase (Decrease) in Net Assets |
|
(229,216,256 |
) |
|
497,399,039 |
|
|
35,609,601 |
|
|
(4,887,353 |
) | ||||
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
Beginning of year |
$ |
1,899,994,697 |
|
$ |
1,402,595,658 |
|
$ |
44,079,297 |
|
$ |
48,966,650 |
| ||||
End of year |
$ |
1,670,778,441 |
|
$ |
1,899,994,697 |
|
$ |
79,688,898 |
|
$ |
44,079,297 |
| ||||
SHARES CREATED AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
Shares outstanding, beginning of year |
|
39,450,000 |
|
|
34,200,0001 |
|
|
1,150,000 |
|
|
1,450,000 |
| ||||
Shares created |
|
5,250,000 |
|
|
6,350,0001 |
|
|
900,000 |
|
|
300,000 |
| ||||
Shares redeemed |
|
(9,250,000 |
) |
|
(1,100,000 |
)1 |
|
(150,000 |
) |
|
(600,000 |
) | ||||
Shares outstanding, end of year |
|
35,450,000 |
|
|
39,450,0001 |
|
|
1,900,000 |
|
|
1,150,000 |
|
1Shares were adjusted to reflect a 2:1 share split effective August 10, 2023.
See Notes to Financial Statements.
42 WisdomTree Trust
Statements of Changes in Net Assets (continued) WisdomTree Trust
|
WisdomTree India
|
WisdomTree
International Hedged | |||||||||||
For
the Period |
For
the |
For
the | ||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
| ||||||
Net investment income |
$ |
147,045 |
|
$ |
46,377,369 |
|
$ |
32,256,222 |
| |||
Net realized gain on investments, futures contracts, foreign currency contracts and foreign currency related transactions |
|
340,560 |
|
|
169,034,915 |
|
|
69,171,629 |
| |||
Net increase (decrease) in net unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies |
|
(22,494 |
) |
|
(334,220,149 |
) |
|
253,944,255 |
| |||
Net increase (decrease) in net assets resulting from operations |
|
465,111 |
|
|
(118,807,865 |
) |
|
355,372,106 |
| |||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
| ||||||
Distributable earnings |
|
(41,486 |
) |
|
(50,859,826 |
) |
|
(34,358,500 |
) | |||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
| ||||||
Net proceeds from sale of shares |
|
50,553,757 |
|
|
1,053,136,948 |
|
|
663,713,322 |
| |||
Cost of shares redeemed |
|
(43,761,909 |
) |
|
(429,490,280 |
) |
|
— |
| |||
Net increase in net assets resulting from capital share transactions |
|
6,791,848 |
|
|
623,646,668 |
|
|
663,713,322 |
| |||
Net Increase in Net Assets |
|
7,215,473 |
|
|
453,978,977 |
|
|
984,726,928 |
| |||
NET ASSETS: |
|
|
|
|
|
| ||||||
Beginning of period |
$ |
120 |
|
$ |
2,381,312,577 |
|
$ |
1,396,585,649 |
| |||
End of period |
$ |
7,215,593 |
|
$ |
2,835,291,554 |
|
$ |
2,381,312,577 |
| |||
SHARES CREATED AND REDEEMED: |
|
|
|
|
|
| ||||||
Shares outstanding, beginning of period |
|
3 |
|
|
52,000,000 |
|
|
35,650,000 |
| |||
Shares created |
|
1,225,000 |
|
|
23,300,000 |
|
|
16,350,000 |
| |||
Shares redeemed |
|
(1,050,003 |
) |
|
(9,650,000 |
) |
|
— |
| |||
Shares outstanding, end of period |
|
175,000 |
|
|
65,650,000 |
|
|
52,000,000 |
|
* Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.
See Notes to Financial Statements.
WisdomTree Trust 43
Statements of Changes in Net Assets (concluded) WisdomTree Trust
|
WisdomTree
Japan Hedged |
WisdomTree
Japan Hedged | |||||||||||||||
For
the |
For
the |
For
the |
For
the | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
Net investment income |
$ |
85,366,203 |
|
$ |
77,525,143 |
|
$ |
2,081,424 |
|
$ |
1,323,743 |
| ||||
Net realized gain on investments, foreign currency contracts and foreign currency related transactions |
|
487,494,735 |
|
|
451,425,933 |
|
|
5,196,189 |
|
|
7,542,962 |
| ||||
Net increase (decrease) in net unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies |
|
(548,316,502 |
) |
|
819,275,703 |
|
|
(3,092,163 |
) |
|
8,835,735 |
| ||||
Net increase in net assets resulting from operations |
|
24,544,436 |
|
|
1,348,226,779 |
|
|
4,185,450 |
|
|
17,702,440 |
| ||||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
Distributable earnings |
|
(129,533,264 |
) |
|
(90,526,367 |
) |
|
(2,407,390 |
) |
|
(1,379,024 |
) | ||||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
Net proceeds from sale of shares |
|
953,865,179 |
|
|
2,710,937,218 |
|
|
23,973,071 |
|
|
44,737,147 |
| ||||
Cost of shares redeemed |
|
(2,137,780,386 |
) |
|
(807,569,239 |
) |
|
(16,780,771 |
) |
|
(17,644,299 |
) | ||||
Net increase (decrease) in net assets resulting from capital share transactions |
|
(1,183,915,207 |
) |
|
1,903,367,979 |
|
|
7,192,300 |
|
|
27,092,848 |
| ||||
Net Increase (Decrease) in Net Assets |
|
(1,288,904,035 |
) |
|
3,161,068,391 |
|
|
8,970,360 |
|
|
43,416,264 |
| ||||
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
Beginning of year |
$ |
4,691,250,304 |
|
$ |
1,530,181,913 |
|
$ |
67,541,045 |
|
$ |
24,124,781 |
| ||||
End of year |
$ |
3,402,346,269 |
|
$ |
4,691,250,304 |
|
$ |
76,511,405 |
|
$ |
67,541,045 |
| ||||
SHARES CREATED AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
Shares outstanding, beginning of year |
|
43,150,000 |
|
|
21,700,000 |
|
|
2,000,000 |
|
|
1,000,0001 |
| ||||
Shares created |
|
8,700,000 |
|
|
30,400,000 |
|
|
700,000 |
|
|
1,600,0001 |
| ||||
Shares redeemed |
|
(20,650,000 |
) |
|
(8,950,000 |
) |
|
(500,000 |
) |
|
(600,000 |
)1 | ||||
Shares outstanding, end of year |
|
31,200,000 |
|
|
43,150,000 |
|
|
2,200,000 |
|
|
2,000,0001 |
|
1Shares were adjusted to reflect a 2:1 share split effective August 10, 2023.
See Notes to Financial Statements.
44 WisdomTree Trust
Financial Highlights WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree Europe Hedged Equity Fund |
For
the |
For
the |
For
the |
For
the |
For
the | |||||||||||||||
Net asset value, beginning of year |
$ |
48.16 |
|
$ |
41.01 |
|
$ |
37.02 |
|
$ |
36.36 |
|
$ |
25.92 |
| |||||
Investment Operations: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income2 |
|
1.37 |
|
|
1.40 |
|
|
1.06 |
|
|
0.69 |
|
|
0.88 |
| |||||
Net realized and unrealized gain (loss) |
|
(0.97 |
)7 |
|
7.17 |
|
|
3.88 |
|
|
0.81 |
|
|
10.43 |
| |||||
Total from investment operations |
|
0.40 |
|
|
8.57 |
|
|
4.94 |
|
|
1.50 |
|
|
11.31 |
| |||||
Dividends to shareholders: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income |
|
(1.43 |
) |
|
(1.42 |
) |
|
(0.95 |
) |
|
(0.84 |
) |
|
(0.87 |
) | |||||
Net asset value, end of year |
$ |
47.13 |
|
$ |
48.16 |
|
$ |
41.01 |
|
$ |
37.02 |
|
$ |
36.36 |
| |||||
TOTAL RETURN3 |
|
0.98 |
% |
|
21.64 |
% |
|
13.94 |
% |
|
4.04 |
% |
|
44.22 |
% | |||||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net assets, end of year (000’s omitted) |
$ |
1,670,778 |
|
$ |
1,899,995 |
|
$ |
1,402,596 |
|
$ |
1,865,747 |
|
$ |
1,937,668 |
| |||||
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Expenses8 |
|
0.60 |
%4 |
|
0.64 |
%4 |
|
0.79 |
%4 |
|
0.59 |
%4 |
|
0.58 |
% | |||||
Net investment income |
|
3.01 |
% |
|
3.35 |
% |
|
2.95 |
% |
|
1.79 |
% |
|
2.81 |
% | |||||
Portfolio turnover rate5 |
|
35 |
% |
|
30 |
% |
|
38 |
% |
|
34 |
% |
|
55 |
% |
WisdomTree
Europe Hedged SmallCap |
For
the |
For
the |
For
the |
For
the |
For
the | |||||||||||||||
Net asset value, beginning of year |
$ |
38.33 |
|
$ |
33.77 |
|
$ |
34.73 |
|
$ |
33.96 |
|
$ |
23.43 |
| |||||
Investment Operations: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income2 |
|
1.60 |
|
|
1.32 |
|
|
1.73 |
|
|
0.75 |
|
|
1.02 |
| |||||
Net realized and unrealized gain (loss) |
|
3.52 |
|
|
4.48 |
|
|
(1.06 |
) |
|
0.91 |
|
|
10.56 |
| |||||
Total from investment operations |
|
5.12 |
|
|
5.80 |
|
|
0.67 |
|
|
1.66 |
|
|
11.58 |
| |||||
Dividends to shareholders: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income |
|
(1.51 |
) |
|
(1.24 |
) |
|
(1.63 |
) |
|
(0.89 |
) |
|
(1.05 |
) | |||||
Net asset value, end of year |
$ |
41.94 |
|
$ |
38.33 |
|
$ |
33.77 |
|
$ |
34.73 |
|
$ |
33.96 |
| |||||
TOTAL RETURN6 |
|
13.80 |
% |
|
17.76 |
% |
|
2.53 |
% |
|
4.86 |
% |
|
50.50 |
% | |||||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net assets, end of year (000’s omitted) |
$ |
79,689 |
|
$ |
44,079 |
|
$ |
48,967 |
|
$ |
60,772 |
|
$ |
37,353 |
| |||||
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Expenses8 |
|
0.81 |
%4 |
|
0.59 |
%4 |
|
0.59 |
%4 |
|
0.63 |
%4 |
|
0.58 |
% | |||||
Net investment income |
|
4.10 |
% |
|
3.85 |
% |
|
5.34 |
% |
|
2.08 |
% |
|
3.59 |
% | |||||
Portfolio turnover rate5 |
|
37 |
% |
|
32 |
% |
|
44 |
% |
|
57 |
% |
|
77 |
% |
1 Per share amounts were adjusted to reflect a 2:1 share split effective August 10, 2023.
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.
4 Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.
5 Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
6 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.
7 The amount of net realized and unrealized gain (loss) per share does not correspond with the amounts reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.
8 Does not include expenses of the underlying investment companies in which the Fund invests.
See Notes to Financial Statements.
WisdomTree Trust 45
Financial Highlights (continued) WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree India Hedged Equity Fund |
For
the Period | |||
Net asset value, beginning of period |
$ |
40.09 |
| |
Investment Operations: |
|
| ||
Net investment income1 |
|
0.20 |
| |
Net realized and unrealized gain |
|
1.07 |
| |
Total from investment operations |
|
1.27 |
| |
Dividends and distributions to shareholders: |
|
| ||
Capital gains |
|
(0.13 |
) | |
Total dividends and distributions to shareholders |
|
(0.13 |
) | |
Net asset value, end of period |
$ |
41.23 |
| |
TOTAL RETURN7 |
|
3.15 |
% | |
RATIOS/SUPPLEMENTAL DATA: |
|
| ||
Net assets, end of period (000’s omitted) |
$ |
7,216 |
| |
Ratio to average net assets of: |
|
| ||
Expenses10 |
|
0.64 |
%3,13 | |
Net investment income |
|
0.51 |
%3 | |
Portfolio turnover rate4 |
|
138 |
% |
WisdomTree International Hedged Quality
|
For
the |
For
the |
For
the |
For
the |
For
the | |||||||||||||||
Net asset value, beginning of year |
$ |
45.79 |
|
$ |
39.17 |
|
$ |
43.04 |
|
$ |
41.17 |
|
$ |
30.61 |
| |||||
Investment Operations: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income1 |
|
0.76 |
|
|
0.73 |
|
|
1.29 |
|
|
1.25 |
|
|
0.88 |
| |||||
Net realized and unrealized gain (loss) |
|
(2.52 |
) |
|
6.66 |
|
|
(0.45 |
)5 |
|
2.03 |
|
|
10.54 |
| |||||
Net increase from payment by sub-adviser |
|
— |
|
|
— |
|
|
— |
|
|
0.006 |
|
|
0.08 |
| |||||
Total from investment operations |
|
(1.76 |
) |
|
7.39 |
|
|
0.84 |
|
|
3.28 |
|
|
11.50 |
| |||||
Dividends and distributions to shareholders: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income |
|
(0.84 |
) |
|
(0.77 |
) |
|
(1.33 |
) |
|
(1.41 |
) |
|
(0.94 |
) | |||||
Capital gains |
|
— |
|
|
— |
|
|
(3.38 |
) |
|
— |
|
|
— |
| |||||
Total dividends and distributions to shareholders |
|
(0.84 |
) |
|
(0.77 |
) |
|
(4.71 |
) |
|
(1.41 |
) |
|
(0.94 |
) | |||||
Net asset value, end of year |
$ |
43.19 |
|
$ |
45.79 |
|
$ |
39.17 |
|
$ |
43.04 |
|
$ |
41.17 |
| |||||
TOTAL RETURN2 |
|
(3.90 |
)% |
|
19.09 |
% |
|
3.00 |
% |
|
7.93 |
%8 |
|
37.85 |
%9 | |||||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net assets, end of year (000’s omitted) |
$ |
2,835,292 |
|
$ |
2,381,313 |
|
$ |
1,396,586 |
|
$ |
1,177,093 |
|
$ |
899,491 |
| |||||
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Expenses10,11 |
|
0.60 |
%12 |
|
0.59 |
%12 |
|
0.59 |
%12 |
|
0.58 |
% |
|
0.58 |
% | |||||
Net investment income |
|
1.69 |
% |
|
1.79 |
% |
|
3.35 |
% |
|
2.85 |
% |
|
2.37 |
% | |||||
Portfolio turnover rate4 |
|
52 |
% |
|
57 |
% |
|
86 |
% |
|
61 |
% |
|
67 |
% |
* Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.
1 Based on average shares outstanding.
2 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).
3 Annualized.
4 Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
5 The amount of net realized and unrealized gain (loss) per share does not correspond with the amounts reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.
6 Amount represents less than $0.005.
7 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).
8 Includes a voluntary reimbursement from the sub-advisor for investment losses on certain equity transactions during the period. Excluding the voluntary reimbursement, total return would have been unchanged.
9 Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.27% lower.
10 Does not include expenses of the underlying investment companies in which the Fund invests.
11 The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.
12 Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.
13 Includes interest expense of less than 0.01% for the fiscal period.
See Notes to Financial Statements.
46 WisdomTree Trust
Financial Highlights (concluded) WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree Japan Hedged Equity Fund |
For
the |
For
the |
For
the |
For
the |
For
the | |||||||||||||||
Net asset value, beginning of year |
$ |
108.72 |
|
$ |
70.52 |
|
$ |
64.64 |
|
$ |
61.01 |
|
$ |
42.64 |
| |||||
Investment Operations: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income1 |
|
2.22 |
|
|
2.36 |
|
|
1.91 |
|
|
1.52 |
|
|
1.02 |
| |||||
Net realized and unrealized gain |
|
1.65 |
|
|
38.55 |
|
|
6.54 |
|
|
3.76 |
|
|
18.73 |
| |||||
Net increase from payment by sub-adviser |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.002 |
| |||||
Total from investment operations |
|
3.87 |
|
|
40.91 |
|
|
8.45 |
|
|
5.28 |
|
|
19.75 |
| |||||
Dividends to shareholders: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income |
|
(3.54 |
) |
|
(2.71 |
) |
|
(2.57 |
) |
|
(1.65 |
) |
|
(1.38 |
) | |||||
Net asset value, end of year |
$ |
109.05 |
|
$ |
108.72 |
|
$ |
70.52 |
|
$ |
64.64 |
|
$ |
61.01 |
| |||||
TOTAL RETURN3 |
|
3.55 |
% |
|
58.99 |
% |
|
13.48 |
% |
|
8.79 |
% |
|
46.97 |
%4 | |||||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net assets, end of year (000’s omitted) |
$ |
3,402,346 |
|
$ |
4,691,250 |
|
$ |
1,530,182 |
|
$ |
1,919,844 |
|
$ |
1,674,759 |
| |||||
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Expenses7 |
|
0.48 |
% |
|
0.48 |
% |
|
0.48 |
% |
|
0.48 |
% |
|
0.48 |
% | |||||
Net investment income |
|
2.04 |
% |
|
2.67 |
% |
|
2.93 |
% |
|
2.45 |
% |
|
2.03 |
% | |||||
Portfolio turnover rate5 |
|
36 |
% |
|
32 |
% |
|
37 |
% |
|
22 |
% |
|
25 |
% |
WisdomTree Japan Hedged SmallCap
|
For
the |
For
the |
For
the |
For
the |
For
the | |||||||||||||||
Net asset value, beginning of year |
$ |
33.77 |
|
$ |
24.12 |
|
$ |
21.33 |
|
$ |
22.38 |
|
$ |
16.94 |
| |||||
Investment Operations: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income1 |
|
0.95 |
|
|
0.79 |
|
|
0.56 |
|
|
0.49 |
|
|
0.32 |
| |||||
Net realized and unrealized gain (loss) |
|
1.20 |
|
|
9.67 |
|
|
3.06 |
|
|
(0.90 |
) |
|
5.73 |
| |||||
Total from investment operations |
|
2.15 |
|
|
10.46 |
|
|
3.62 |
|
|
(0.41 |
) |
|
6.05 |
| |||||
Dividends to shareholders: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net investment income |
|
(1.14 |
) |
|
(0.81 |
) |
|
(0.83 |
) |
|
(0.64 |
) |
|
(0.61 |
) | |||||
Net asset value, end of year |
$ |
34.78 |
|
$ |
33.77 |
|
$ |
24.12 |
|
$ |
21.33 |
|
$ |
22.38 |
| |||||
TOTAL RETURN6 |
|
6.42 |
% |
|
43.87 |
% |
|
17.36 |
% |
|
(1.80 |
)% |
|
36.31 |
% | |||||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Net assets, end of year (000’s omitted) |
$ |
76,511 |
|
$ |
67,541 |
|
$ |
24,125 |
|
$ |
25,603 |
|
$ |
31,332 |
| |||||
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
| ||||||||||
Expenses7 |
|
0.58 |
% |
|
0.58 |
% |
|
0.58 |
% |
|
0.58 |
% |
|
0.58 |
% | |||||
Net investment income |
|
2.80 |
% |
|
2.75 |
% |
|
2.52 |
% |
|
2.26 |
% |
|
1.67 |
% | |||||
Portfolio turnover rate5 |
|
45 |
% |
|
46 |
% |
|
46 |
% |
|
41 |
% |
|
41 |
% |
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 Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged.
5 Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
6 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.
7 Does not include expenses of the underlying investment companies in which the Fund invests.
See Notes to Financial Statements.
WisdomTree Trust 47
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 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.
Fund |
Commencement
|
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 India Hedged Equity Fund (“India Hedged Equity Fund”) |
May 9, 2024 |
WisdomTree International Hedged Quality Dividend Growth Fund (“International Hedged Quality Dividend Growth Fund”) |
May 7, 2014 |
WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund”) |
June 16, 2006 |
WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap 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, Inc. (“WisdomTree”) or an Index developed by a third party. WisdomTree is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.
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 and believe such exposure to be remote.
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 a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation 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 (e.g., broker-dealers) 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 in the secondary market 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 of the Trust (the “Board” or “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 on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded
48 WisdomTree Trust
Notes to Financial Statements (continued)
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notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts that settle within two business days after the trade date (“Spot Contracts”) and foreign currency contracts having a settlement period greater than two business days after the trade date (“Forward Contracts”) are valued on the measurement date using an interpolated foreign exchange rate between the closest preceding and subsequent settlement period, using spot and forward rates provided by an independent pricing service provider.
Pursuant to Board-approved valuation procedures established by the Trust and WTAM, the Board has appointed WTAM as the Funds’ valuation designee (the “Valuation Designee”) to perform all fair valuations of the Funds’ portfolio investments, subject to the Board’s oversight. As the Valuation Designee, WTAM has established procedures for its fair valuation of a Fund’s portfolio investments. These procedures address, among other things, determining when market quotations are not readily available or reliable and the methodologies to be used for determining the fair value of investments, as well as the use and oversight of third-party pricing services for fair valuation. The Valuation Designee is comprised of senior representatives of WTAM and 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 the exchange or system on which it is principally traded, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Valuation Designee 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 would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Valuation Designee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. 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 (either due to events affecting the issuer of the security specifically or events affecting the primary trading exchange more broadly) 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
WisdomTree Trust 49
Notes to Financial Statements (continued)
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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 in 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 (e.g., credit rating, debt ranking, coupon date, maturity date, etc.), 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 prices obtained from 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 may 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 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.
Determination of a fair value by the Valuation Designee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Valuation Designee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Valuation Designee 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 summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.
During the fiscal year or period ended March 31, 2025, there were no significant transfers into or out of Level 3 of the fair value hierarchy.
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 as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the fiscal year ended March 31, 2025 and open positions in such derivatives as of March 31, 2025 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements may also contain credit-risk related contingent features which may include, but are not limited to, a threshold in the Funds’ derivative agreements on unrealized depreciation (i.e., the Funds’ obligation to the counterparty) above a specified dollar amount. If an event occurred at March 31, 2025, that triggered a contingent feature, the counterparty to the agreement may require a Fund to post collateral (or 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 due to a counterparty. 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 in Note 2 — Master Netting Arrangements under the column entitled “Liabilities: Net Amount”. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2025, if any, is reflected as a footnote within each Fund’s Schedule of Investments. At March 31, 2025, 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.
50 WisdomTree Trust
Notes to Financial Statements (continued)
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As of March 31, 2025, 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 | |
Europe Hedged Equity Fund |
||||
Foreign currency risk |
Unrealized
appreciation on |
$610,604 |
Unrealized
depreciation on |
$61,734,410 |
Europe Hedged SmallCap Equity Fund | ||||
Foreign currency risk |
Unrealized
appreciation on |
20,269 |
Unrealized
depreciation on |
2,649,725 |
India Hedged Equity Fund | ||||
Foreign currency risk |
Unrealized
appreciation on |
— |
Unrealized
depreciation on |
177,428 |
International Hedged Quality Dividend Growth Fund | ||||
Foreign currency risk |
Unrealized
appreciation on |
760,165 |
Unrealized
depreciation on |
80,312,164 |
Japan Hedged Equity Fund | ||||
Foreign currency risk |
Unrealized
appreciation on |
189,572 |
Unrealized
depreciation on |
17,332,282 |
Japan Hedged SmallCap Equity Fund | ||||
Foreign currency risk |
Unrealized
appreciation on |
1,766 |
Unrealized
depreciation on |
339,884 |
For the fiscal year or period ended March 31, 2025, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:
Fund |
Amount of |
Change in
| ||||
Europe Hedged Equity Fund |
|
|
||||
Foreign currency risk |
$ |
83,987,946 |
$ |
(67,375,955) | ||
Europe Hedged SmallCap Equity Fund | ||||||
Foreign currency risk |
|
2,533,460 |
|
(2,763,060) | ||
India Hedged Equity Fund3 |
|
|
||||
Foreign currency risk |
|
598,475 |
|
(177,428) | ||
Equity risk |
|
9,055 |
|
— | ||
International Hedged Quality Dividend Growth Fund | ||||||
Foreign currency risk |
|
108,361,735 |
|
(100,251,070) | ||
Japan Hedged Equity Fund | ||||||
Foreign currency risk |
|
117,378,581 |
|
(87,097,432) | ||
Japan Hedged SmallCap Equity Fund | ||||||
Foreign currency risk |
|
2,440,460 |
|
(1,383,931) | ||
1 Realized gains (losses) on derivatives are located on the Statements of Operations as follows: |
Equity risk |
Net realized gain (loss) from futures contracts |
Foreign currency risk |
Net realized gain (loss) from foreign currency contracts |
2 Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows: |
Foreign currency risk |
Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts |
3 For the period May 9, 2024 (commencement of operations) through March 31, 2025. |
WisdomTree Trust 51
Notes to Financial Statements (continued)
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During the fiscal year or period ended March 31, 2025, the volume of derivative activity (based on the average of month-end notional balances, except where footnoted) for each Fund was as follows:
Fund |
Average Notional | ||||||||
Foreign
|
Foreign
|
Futures
| |||||||
Europe Hedged Equity Fund |
|
|
|
||||||
Foreign currency risk |
$ |
1,004,342,348 |
$ |
2,687,197,523 |
$ |
— | |||
Europe Hedged SmallCap Equity Fund |
|
|
|
||||||
Foreign currency risk |
|
31,385,446 |
|
81,168,113 |
|
— | |||
India Hedged Equity Fund1 |
|
|
|
||||||
Equity risk2 |
|
— |
|
— |
|
200,264 | |||
Foreign currency risk |
|
23,061,212 |
|
51,157,338 |
|
— | |||
International Hedged Quality Dividend Growth Fund |
|
|
|
||||||
Foreign currency risk |
|
1,687,231,681 |
|
4,436,095,953 |
|
— | |||
Japan Hedged Equity Fund |
|
|
|
||||||
Foreign currency risk |
|
2,917,619,076 |
|
7,105,248,158 |
|
— | |||
Japan Hedged SmallCap Equity Fund |
|
|
|
||||||
Foreign currency risk |
|
48,482,429 |
|
122,899,569 |
|
— | |||
1 For the period May 9, 2024 (commencement of operations) through March 31, 2025. | |||||||||
2 The volume of derivatives 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 (less foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized on the ex-dividend date, or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined, at the fair value of securities to be received. Upon notification from real estate investment trust (“REIT”) issuers or as estimated by management, all or a portion of the dividend income received from a REIT may be redesignated as a reduction of cost of the related investment and/or as a realized gain. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Interest income (including amortization of premiums and accretion of discounts), less any foreign taxes withheld, is accrued daily. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.
Foreign Taxes — The Funds may be subject to foreign taxes (a portion of which may be reclaimable or refundable) on foreign income or capital gains on investment transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and tax rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are accrued and applied to foreign income as the foreign income is earned and are reflected on the Statements of Operations as follows: foreign taxes withheld on dividends are presented as a reduction to investment income in “Less: Foreign withholding taxes on dividends”, foreign taxes on capital gains from investment transactions, if any, are included in “Net realized gain (loss) from investment transactions”, and deferred foreign taxes on net unrealized appreciation on investments, if any, are included in “Net increase (decrease) in unrealized appreciation/depreciation on investment transactions”. Foreign taxes payable or deferred as of March 31, 2025, if any, are disclosed in the Statements of Assets and Liabilities in “Payables: Foreign capital gains tax”.
In certain foreign jurisdictions, when the Funds incur subsequent capital losses on investment transactions that occurred during the tax year in the applicable foreign jurisdiction, the Funds may be entitled to a refund on any foreign taxes paid on previous capital gain investment transactions that occurred during the tax year of the applicable foreign jurisdiction. Foreign capital gain tax refunds on investment transactions are included in “Net realized gain (loss) from investment transactions” on the Statements of Operations and foreign capital gain tax refunds that remain unpaid as of March 31, 2025, if any, are disclosed in the Statements of Assets and Liabilities in “Receivables: Foreign capital gains tax refund”.
52 WisdomTree Trust
Notes to Financial Statements (continued)
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The Funds file foreign tax reclaims in certain foreign jurisdictions to recover a portion of amounts previously withheld on dividend income if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims recorded relating to current fiscal year investment income are included in the Statements of Operations as a reduction to the balance shown for “Foreign withholding taxes on dividends” and foreign tax reclaims recorded, but not yet received as of March 31, 2025, if any, are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.
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 increase (decrease) in unrealized appreciation/depreciation from investment transactions”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in “net realized gain (loss) from foreign currency contracts” and “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, 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 foreign currency related transactions” and/or “net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies” in the Statements 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 — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, 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 Funds that commenced operations on or after March 26, 2013, 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 patriation 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.
Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.
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% per annum 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 contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes.
WisdomTree Trust 53
Notes to Financial Statements (continued)
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Foreign Currency Contracts — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes. During the fiscal period ended, the Funds utilized foreign currency contracts primarily to offset exposure to foreign currencies consistent with each Fund’s investment objective. A foreign currency 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 foreign currency contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades.
Risks may arise upon entering into foreign currency 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 foreign currency contracts are recorded for book purposes as unrealized gains or losses on foreign currency contracts by the Funds and are included in “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts” on the Statements of Operations. Realized gains and losses on foreign currency contracts include net gains or losses recognized by the Funds on contracts which have settled and are included in “net realized gain (loss) from foreign currency contracts” on the Statements of Operations.
Futures Contracts — The India Hedged Equity Fund utilized equity futures contracts on a temporary basis during the fiscal period to obtain market exposure consistent with its investment objectives during the Fund’s portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., currency, equity, or U.S. Treasury security, collectively herein, “Reference Asset”) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified Reference Asset at a future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. A Fund may also cash settle upon the expiration date of a futures contract in which no physical delivery (or receipt) of the specified Reference Asset comprising the futures contract is made. Instead, settlement in cash would occur upon the expiration of the contract, with the cash settlement being the difference between the contract price and the actual price of the specified Reference Asset at the expiration date. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange clearing corporation.
Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or U.S. government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Cash deposited as initial margin, if any, is shown as “Deposits at broker for futures contracts” in the Statements of Assets and Liabilities, and U.S. government securities deposited, if any, are designated in the Schedule of Investments. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts, variation margin payments may be made or received when the futures contract expires. Variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the unrealized net gain or loss is reclassified to realized gain or loss on futures. The current one-day variation margin on open futures contracts is shown on the Statements of Assets and Liabilities as either a receivable or a payable for “Net variation margin on futures contracts”. The Funds have adopted a derivatives risk management program pursuant to Rule 18f-4 under the 1940 Act to assess and manage the Funds’ derivatives risk. Rule 18f-4 limits the amount of derivatives a fund can enter into and replaces the asset segregation framework previously used by the Funds to comply with Section 18 of the 1940 Act.
As of March 31, 2025, there were no open futures contracts in the Funds.
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 securities issued or guaranteed by the U.S. government or its agencies, 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 values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for
54 WisdomTree Trust
Notes to Financial Statements (continued)
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lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements 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. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.
Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures 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. ASC 210 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. ASC 210 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 enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter (“OTC”) derivatives, such as foreign currency 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 currency contracts, options and certain swaps). 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 a counterparty’s non-performance.
The Funds’ securities lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds 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. However, in the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.
WisdomTree Trust 55
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, 2025, 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:
Fund |
Assets |
Liabilities | ||||||
Gross Amounts
|
Gross Amounts Not Offset in
|
Net Amount |
Gross Amounts
|
Gross Amounts Not Offset in
|
Net Amount | |||
Financial
|
Collateral
|
Financial
|
Collateral
| |||||
Europe Hedged Equity Fund |
||||||||
Securities Lending |
$2,715,737 |
$ — |
$(2,715,737)1 |
$ — |
$ — |
$ — |
$ — |
$ — |
Foreign Currency Contracts |
610,604 |
(109,675) |
— |
500,929 |
61,734,410 |
(109,675) |
— |
61,624,735 |
Europe Hedged SmallCap Equity Fund |
||||||||
Securities Lending |
480,053 |
— |
(480,053)1 |
— |
— |
— |
— |
— |
Foreign Currency Contracts |
20,269 |
(20,252) |
— |
17 |
2,649,725 |
(20,252) |
— |
2,629,473 |
India Hedged Equity Fund |
||||||||
Foreign Currency Contracts |
— |
— |
— |
— |
177,428 |
— |
— |
177,428 |
International Hedged Quality Dividend Growth Fund |
||||||||
Securities Lending |
7,535,745 |
— |
(7,535,745)1 |
— |
— |
— |
— |
— |
Foreign Currency Contracts |
760,165 |
(760,165) |
— |
— |
80,312,164 |
(760,165) |
— |
79,551,999 |
Japan Hedged Equity Fund |
||||||||
Foreign Currency Contracts |
189,572 |
(183,293) |
— |
6,279 |
17,332,282 |
(183,293) |
— |
17,148,989 |
Japan Hedged SmallCap Equity Fund |
||||||||
Securities Lending |
801,096 |
— |
(801,096)1 |
— |
— |
— |
— |
— |
Foreign Currency Contracts |
1,766 |
(1,610) |
— |
156 |
339,884 |
(1,610) |
— |
338,274 |
1The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. |
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.
Restricted Securities — Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.
Emerging Markets Investments — Investments in securities listed and traded in emerging markets are subject to additional risks that may not be present for U.S. investments or investments in more developed non-U.S. markets. Such risks may include: (i) greater market volatility; (ii) lower trading volume; (iii) greater social, political and economic uncertainty; (iv) governmental controls on foreign investments and limitations on repatriation of invested capital; (v) the risk that companies may be held to lower disclosure, corporate governance, auditing and financial reporting standards than companies in more developed markets; and (vi) the risk that there may be less protection of property rights than in other countries. Emerging markets are generally less liquid and less efficient than developed securities markets.
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”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net
56 WisdomTree Trust
Notes to Financial Statements (continued)
|
tax-exempt interest income. 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. Each Fund 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 is determined in accordance with the requirements of the Code and the U.S. Treasury regulations (i.e., tax basis) which may differ to amounts determined under GAAP (i.e., book basis). 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 OTHER TRANSACTIONS WITH AFFILIATES
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 Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Mellon 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, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.
WTAM expects to receive annual 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
|
Europe Hedged Equity Fund |
0.58% |
Europe Hedged SmallCap Equity Fund |
0.58% |
India Hedged Equity Fund |
0.63% |
International Hedged Quality Dividend Growth Fund |
0.58% |
Japan Hedged Equity Fund |
0.48% |
Japan Hedged SmallCap Equity Fund |
0.58% |
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the fiscal year ended March 31, 2025, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of its advisory fees, that it would otherwise charge, for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (e.g., fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statements of Operations in “Expense waivers”.
During the fiscal year ended March 31, 2025, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2025, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:
Fund |
Purchases |
Sales |
Net
Realized | |||||||
Europe Hedged Equity Fund |
$ |
69,551,854 |
$ |
12,722,796 |
$ |
575,531 |
| |||
Europe Hedged SmallCap Equity Fund |
|
1,752,175 |
|
2,946,283 |
|
360,560 |
| |||
International Hedged Quality Dividend Growth Fund |
|
36,891,103 |
|
79,637,918 |
|
(8,806,043 |
) | |||
Japan Hedged Equity Fund |
|
30,437,770 |
|
22,428,864 |
|
1,700,213 |
| |||
Japan Hedged SmallCap Equity Fund |
|
852,480 |
|
3,401,799 |
|
(1,044 |
) |
WisdomTree Trust 57
Notes to Financial Statements (continued)
|
WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2025, WT held shares of and received distributions from the following Funds, which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:
Fund |
At March 31, 2025 |
For
the Fiscal Year Ended | ||||||||
Fund
Shares |
Market
Value of |
Dividends
and | ||||||||
Europe Hedged Equity Fund |
420 |
$ |
19,942 |
$ |
— | |||||
International Hedged Quality Dividend Growth Fund |
124 |
|
5,382 |
|
349 | |||||
Japan Hedged Equity Fund |
221 |
|
24,350 |
|
559 |
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2025, 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 to an authorized participant (“AP”). Except when aggregated in creation units (“Creation Unit Aggregations”), 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 basket of securities (“Deposit Securities”) and/or an amount of cash (“Cash Component”). Creation Unit Aggregations may be created in advance of receipt by a Fund of all or a portion of the applicable Deposit Securities from APs. In these circumstances, the initial deposit received from the AP will have a value greater than the NAV of the applicable Fund’s shares on the date the order is placed in proper form since, in addition to available Deposit Securities, U.S. cash must be deposited by the AP in an amount equal to the sum of (i) the Cash Component, plus (ii) generally between 102%-110%, as directed by the Trust or WTAM, which the Trust or WTAM may change from time to time, of the market value of the undelivered Deposit Securities (the “Additional Cash Deposit”) with the Fund pending delivery of any missing Deposit Securities. The Fund will return any unused portion of the Additional Cash Deposit once all of the missing Deposit Securities have been properly received from the AP or purchased by the Fund. Amounts due to be returned to an AP as of March 31, 2025, if any, is shown in the Statements of Assets and Liabilities in “Payables: Deposit due to authorized participant”. In certain cases where an AP does not have a basket security readily available or may not transact is such basket security, an AP may request to settle an in-kind creation order with cash in lieu of the basket security. Amounts due from an AP as of March 31, 2025 with respect to such activity, if any, is shown in the Statements of Assets and Liabilities in “Receivables: Deposit due from authorized participant”. The India Hedged Equity Fund issues and redeems shares on a cash basis only as certain securities markets in which this Fund invests do not permit in-kind transfers of securities.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year or period ended March 31, 2025 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
Fund |
Purchases |
Sales |
In-kind Capital Share Transactions | |||||
Purchases |
Sales | |||||||
Europe Hedged Equity Fund |
$596,444,886 |
$583,060,109 |
$252,337,107 |
$419,160,372 | ||||
Europe Hedged SmallCap Equity Fund |
18,294,447 |
18,530,223 |
37,390,478 |
5,612,381 | ||||
India Hedged Equity Fund1 |
53,389,309 |
46,158,097 |
— |
— | ||||
International Hedged Quality Dividend Growth Fund |
1,519,220,381 |
1,425,648,380 |
990,135,497 |
424,628,746 | ||||
Japan Hedged Equity Fund |
1,549,669,840 |
1,519,258,557 |
986,842,272 |
2,188,175,454 | ||||
Japan Hedged SmallCap Equity Fund |
33,716,470 |
33,192,594 |
24,189,614 |
16,783,675 | ||||
1 For the period May 9, 2024 (commencement of operations) through March 31, 2025. |
58 WisdomTree Trust
Notes to Financial Statements (continued)
|
6. FEDERAL INCOME TAXES
At March 31, 2025, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:
Fund |
Investments in Long Securities |
Investments in Financial Derivatives1 |
Total
Net | |||||||||||||||||||||||
Tax Cost |
Gross
|
Gross
|
Net
Unrealized |
Gross
|
Gross
|
Net Unrealized
| ||||||||||||||||||||
Europe Hedged Equity Fund |
$ |
1,335,614,825 |
$ |
401,870,150 |
$ |
(69,009,966 |
) |
$ |
332,860,184 |
$ |
— |
$ |
(1,077 |
) |
$ |
(1,077 |
) |
$ |
332,859,107 | |||||||
Europe Hedged SmallCap Equity Fund |
|
71,747,482 |
|
11,444,963 |
|
(3,374,556 |
) |
|
8,070,407 |
|
— |
|
— |
|
|
— |
|
|
8,070,407 | |||||||
India Hedged Equity Fund |
|
7,296,688 |
|
595,580 |
|
(506,678 |
) |
|
88,902 |
|
— |
|
— |
|
|
— |
|
|
88,902 | |||||||
International Hedged Quality Dividend Growth Fund |
|
2,627,136,160 |
|
396,981,768 |
|
(176,544,383 |
) |
|
220,437,385 |
|
41,728 |
|
(3,978 |
) |
|
37,750 |
|
|
220,475,135 | |||||||
Japan Hedged Equity Fund |
|
3,150,637,051 |
|
418,395,219 |
|
(195,943,622 |
) |
|
222,451,597 |
|
— |
|
— |
|
|
— |
|
|
222,451,597 | |||||||
Japan Hedged SmallCap Equity Fund |
|
70,883,971 |
|
7,934,137 |
|
(2,918,312 |
) |
|
5,015,825 |
|
— |
|
(5 |
) |
|
(5 |
) |
|
5,015,820 | |||||||
1Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments. |
At March 31, 2025, the components of total distributable earnings (loss) on a tax-basis were as follows:
Fund |
Undistributed
|
Undistributed
|
Net
Unrealized |
Currency
and |
Other
|
Total
| |||||||||||||||
Europe Hedged Equity Fund |
$ |
1,567,840 |
$ |
(2,121,730,838 |
) |
$ |
332,860,184 |
$ |
(424,459 |
) |
$ |
452,248 |
$ |
(1,787,275,025 |
) | ||||||
Europe Hedged SmallCap Equity Fund |
|
248,202 |
|
(23,326,589 |
) |
|
8,070,407 |
|
149 |
|
|
160,563 |
|
(14,847,268 |
) | ||||||
India Hedged Equity Fund |
|
209,397 |
|
— |
|
|
88,902 |
|
(169,196 |
) |
|
— |
|
129,103 |
| ||||||
International Hedged Quality Dividend Growth Fund |
|
11,935,552 |
|
(216,269,324 |
) |
|
220,437,385 |
|
(36,947 |
) |
|
374,391 |
|
16,441,057 |
| ||||||
Japan Hedged Equity Fund |
|
41,652,422 |
|
(1,370,991,819 |
) |
|
222,451,597 |
|
(118,418 |
) |
|
— |
|
(1,107,006,218 |
) | ||||||
Japan Hedged SmallCap Equity Fund |
|
1,240,072 |
|
(17,791,364 |
) |
|
5,015,825 |
|
7,411 |
|
|
— |
|
(11,528,056 |
) | ||||||
1The treatment of certain income/expense items have been recognized for GAAP but disallowed for tax purposes. |
|
The tax character of distributions paid during the fiscal years or periods ended March 31, 2025 and March 31, 2024, was as follows:
Fund |
Year Ended March 31, 2025 |
Year
Ended | |||||||||
Distributions
|
Distributions Paid
|
Distributions
| |||||||||
Europe Hedged Equity Fund |
$ |
53,344,485 |
$ |
— |
$ |
48,992,250 | |||||
Europe Hedged SmallCap Equity Fund |
|
1,826,376 |
|
— |
|
1,960,000 | |||||
India Hedged Equity Fund1 |
|
— |
|
41,486 |
|
— | |||||
International Hedged Quality Dividend Growth Fund |
|
50,859,826 |
|
— |
|
34,358,500 | |||||
Japan Hedged Equity Fund |
|
129,533,264 |
|
— |
|
90,526,367 | |||||
Japan Hedged SmallCap Equity Fund |
|
2,407,390 |
|
— |
|
1,379,024 | |||||
* Includes short-term capital gains, if any. 1 For the period May 9, 2024 (commencement of operations) through March 31, 2025. |
WisdomTree Trust 59
Notes to Financial Statements (continued)
|
At March 31, 2025, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the following table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
Fund |
Short-Term |
Long-Term |
Capital
Loss |
Europe Hedged Equity Fund |
$957,322,978 |
$1,164,407,860 |
$2,121,730,838 |
Europe Hedged SmallCap Equity Fund |
12,706,267 |
10,620,322 |
23,326,589 |
India Hedged Equity Fund |
— |
— |
— |
International Hedged Quality Dividend Growth Fund |
189,200,129 |
27,069,195 |
216,269,324 |
Japan Hedged Equity Fund |
815,910,536 |
555,081,283 |
1,370,991,819 |
Japan Hedged SmallCap Equity Fund |
8,966,111 |
8,825,253 |
17,791,364 |
At March 31, 2025, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind and net operating losses.
Fund |
Total
|
Paid-in Capital |
Europe Hedged Equity Fund |
$(131,363,503) |
$131,363,503 |
Europe Hedged SmallCap Equity Fund |
(912,194) |
912,194 |
India Hedged Equity Fund |
(294,522) |
294,522 |
International Hedged Quality Dividend Growth Fund |
(121,213,648) |
121,213,648 |
Japan Hedged Equity Fund |
(444,803,995) |
444,803,995 |
Japan Hedged SmallCap Equity Fund |
(3,138,208) |
3,138,208 |
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. As of and during the fiscal year or period ended March 31, 2025, 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. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended March 31, 2025, remains subject to examination by taxing authorities. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended March 31, 2025, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions. The open tax years vary by each jurisdiction in which each Fund invests.
As a result of several European Court of Justice (“ECJ”) court cases in certain countries across the European Union (“EU”), certain Funds have filed additional tax reclaims for previously withheld taxes on dividends earned in those countries (“ECJ tax reclaims”). These additional filings are subject to various administrative proceedings by the local jurisdictions’ tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized, if any, for ECJ tax reclaims is reflected as “Other income” in the Statements of Operations and the cost to file these additional ECJ tax reclaims is reflected as “Other fees” in the Statements of Operations. When the ECJ tax reclaim is not “more likely than not” to be sustained assuming examination by tax authorities due to the uncertainty that exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these ECJ tax reclaims, and the potential timing of payment, no amounts are reflected in the financial statements. For U.S. income tax purposes, ECJ tax reclaims received by the Funds, if any, reduce the amounts of foreign taxes Fund shareholders can use as tax credits in their individual income tax returns. In the event that ECJ tax reclaims received by a Fund during the fiscal year exceed foreign withholding taxes paid, and a Fund previously passed foreign tax credits on to its shareholders, a Fund must either amend historic tax reporting to shareholders or enter into a closing agreement with the Internal Revenue Service in order to pay the associated tax liability on behalf of the respective Fund’s shareholders. During the fiscal year or period ended March 31, 2025, the ECJ tax reclaims received by the Funds, if any, did not exceed the foreign withholding taxes of the respective Funds.
7. DEMAND NOTE
On December 9, 2024, the India Hedged Equity Fund entered into a demand note agreement with Bank of America, N.A. which allowed the India Hedged Equity Fund to borrow up to $600,000 with a final maturity date of December 24, 2024. During the period from December 9, 2024 through December 12, 2024, the India Hedged Equity Fund had an average outstanding demand note balance of $465,750 and a weighted average interest rate of 7.14% per annum. On December 13, 2024, the India Hedged Equity Fund fully repaid amounts borrowed under the demand note and interest expense related to the demand note was $365.
60 WisdomTree Trust
Notes to Financial Statements (concluded)
|
8. OPERATING SEGMENTS
The Trust has adopted FASB issued Accounting Standards Update 2023-07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures (“ASU 2023-07”). Each Fund in the Trust operates in one segment. The segment derives its revenues from each Fund’s investments made in accordance with the defined investment strategy of each Fund, as prescribed in the Trust’s prospectus. The accounting policies are the same as those described in Note 2 — Significant Accounting Policies. The Chief Operating Decision Maker (“CODM”) is the President of the Trust. The CODM monitors the operating results of each Fund. The financial information the CODM uses to assess the segment’s performance and to make decisions for each Fund’s single segment, is consistent with that presented within each Fund’s financial statements.
9. SUBSEQUENT EVENTS
On May 30, 2025, WisdomTree Europe Hedged Small Cap Equity Fund (“EUSC”) changed its name, ticker, investment objective and principal investment strategies. The Fund’s new name is WisdomTree European Opportunities Fund and the ticker is “OPPE”. As of May 30, 2025, OPPE seeks to track the price and yield performance, before fees and expenses, of the WisdomTree European Opportunities Index (the “OPPE Index”). The Fund’s 80% investment policy has been changed to invest, under normal circumstances, at least 80% of its net assets, plus any borrowing for investment purposes, in constituents of the Index and/or investment that have economic characteristics that are substantially similar to the economic characteristics of such constituents. The OPPE Index is based on a rules-based methodology overseen and implemented by the WisdomTree Opportunities Index Committee (the “Index Committee”). The OPPE Index is allocated to European securities that provide a high total shareholder yield and equities that have exposures to thematic opportunities from develpments in the geopolitical space, technology trends, and macro-economic conditions. Companies are selected based on geopolitical events, fiscal and monetary policy shifts, innovations in technology. and consumer preferences. The Index Committee seeks to manage the Fund’s currency risk by dynamically hedging currency fluctuations in the relative value of the applicable foreign currencies against the U.S dollar and will determine the Fund’s hedging strategy based on momentum, interest rate differentials, geopolitical events and fiscal and monetary policy shifts, and overall broad trends in the U.S. dollar.
10. ADDITIONAL INFORMATION
The value of a Fund’s investments may be adversely affected by recent and current events occurring outside of the United States, including those affecting foreign markets (including extreme volatility, depressed valuations, and decreased liquidity), significant geopolitical events (including armed conflicts, terror attacks, and disruptions to foreign economic and trade relationships), and public health emergencies (including pandemics such as the COVID-19 pandemic), among other events. For example, ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, and related sanctions and trading restrictions have caused significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. Similarly, the policy agenda of the new U.S. administration has introduced heightened risks, including economic policy and market risks with the imposition of significant tariffs and other trade-related initiatives that have disrupted, and could continue to disrupt, markets globally. Trade disputes and retaliatory actions, such as embargoes and other trade limitations, may reduce the profitability of companies in which the Funds invest, lead to a significant reduction in international trade, and adversely affect the growth of the global economy. Trade disputes may also increase currency exchange rate volatility, which can adversely affect the prices of certain of Fund investments and the ability of certain Funds to hedge their currency risk, and negatively affect investor confidence in the markets generally and investment growth and could contribute to volatility or overall declines in the U.S. and global investment markets. While the aggregate effect of these policies is unknown, initially they appear to be escalating tensions between the United States and certain subject countries, as well as globally, and increasing volatility in the markets generally. The extent and duration of these conflicts, policy initiatives, and tensions are impossible to predict, and they could continue to result in significant market disruptions, including with respect to certain industries or sectors, such as the oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth. These conflicts, policy initiatives, and tensions could adversely affect the value of certain Fund investments, as well as a Fund’s performance and liquidity, even if the Fund does not have direct investment exposure to a country involved in a particular conflict or industry directly affected by trade restrictions.
WisdomTree Trust 61
Report of Independent Registered Public Accounting Firm
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To the Shareholders of WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree India Hedged Equity, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund, and the Board of Trustees of WisdomTree Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree India Hedged Equity, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund (collectively referred to as the “Funds”), (six of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2025, and the related statements of operations and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (six of the funds constituting WisdomTree Trust) at March 31, 2025, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.
Individual fund constituting the WisdomTree Trust |
Statement
of |
Statements
of changes |
Financial highlights |
WisdomTree Europe Hedged Equity Fund WisdomTree Europe Hedged SmallCap Equity Fund WisdomTree International Hedged Quality Dividend Growth Fund WisdomTree Japan Hedged Equity Fund WisdomTree Japan Hedged SmallCap Equity Fund |
For
the year ended |
For each of the two years in the period ended March 31, 2025 |
For each of the five years in the period ended March 31, 2025 |
WisdomTree India Hedged Equity |
For the period May 9, 2024 (commencement of operations) through March 31, 2025 |
Basis for Opinion
These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, 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.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2025, by correspondence with the custodian, brokers and others; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the auditor of one or more WisdomTree investment companies since 2006.
New York,
New York
May 30, 2025
62 WisdomTree Trust
Supplemental Information (unaudited)
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Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year or period ended March 31, 2025, 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 2026.
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, 2025, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
Fund |
Qualified
Dividend |
Europe Hedged Equity Fund |
42,696,579 |
Europe Hedged SmallCap Equity Fund |
1,464,359 |
India Hedged Equity Fund |
— |
International Hedged Quality Dividend Growth Fund |
50,859,826 |
Japan Hedged Equity Fund |
94,867,809 |
Japan Hedged SmallCap Equity Fund |
2,257,537 |
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2025. The gross foreign source income and foreign taxes paid are as follows:
Fund |
Gross
Foreign |
Foreign
Taxes |
Europe Hedged Equity Fund |
60,007,521 |
4,856,458 |
Europe Hedged SmallCap Equity Fund |
2,415,208 |
178,378 |
India Hedged Equity Fund |
1,027,371 |
208,725 |
International Hedged Quality Dividend Growth Fund |
59,527,650 |
4,780,821 |
Japan Hedged Equity Fund |
96,667,754 |
10,572,561 |
Japan Hedged SmallCap Equity Fund |
2,336,479 |
252,832 |
WisdomTree Trust 63
Additional Information (unaudited)
|
Item 8 of Form N-CSR: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9 of Form N-CSR: Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10 of Form N-CSR: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Name of Trustee |
Board
|
Interested Trustee |
|
Jonathan Steinberg |
$ 0 |
Independent Trustees |
|
David G. Chrencik |
406,282 |
Phillip G. Goff |
369,377 |
Joel Goldberg |
424,750 |
Toni Massaro |
387,815 |
Melinda A. Raso Kirstein |
406,282 |
Victor Ugolyn |
554,021 |
Item 11 of Form N-CSR: Statement Regarding Basis for Approval of Investment Advisory and Sub-Advisory Contracts.
Not applicable.
64 WisdomTree Trust
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, 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, Inc., 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.
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. Dividends are not guaranteed, and a company
currently paying dividends may cease paying dividends at any time. 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. 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.
Indexes are unmanaged and you cannot invest directly in an index.
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 by Authorized Participants in large creation unit sizes of shares.
This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.
|
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board, 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 16. 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 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 period covered by the Shareholder Reports that has materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.
Item 19. Exhibits.
(a)(1) | The Registrant’s Code of Ethics is attached hereto. |
(a)(2) | Not applicable. |
(a)(3) | 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)(4) | There were no written solicitations to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the Registrant to 10 or more persons. |
(a)(5) | There was no change in the Registrant’s independent public accountant during the period covered by the report. |
(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. |
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 9, 2025 |
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 9, 2025
By (Signature and Title) | /s/ David Castano |
David Castano, Treasurer (principal financial officer) |
Date: June 9, 2025