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- 23659
WisdomTree Digital 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)
Ryan M. Louvar
WisdomTree Digital Trust
250 West 34th Street, 3rd Floor
New York, NY 10119
(Name and address of agent for service)
Registrant’s telephone number, including area code: 1-866-909-9473
Date of fiscal year end: June 30
Date of reporting period: June 30, 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) | The Code is attached hereto as exhibit 19(a)(1). |
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 Nicholas Fusco as the audit committee financial expert. Mr. Fusco 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 $371,113 for the fiscal year ended June 30, 2025 and $314,568 for the fiscal year ended June 30, 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 are $0 for the fiscal year ended June 30, 2025 and $0 for the fiscal year ended June 30, 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 Passive Foreign Investment Companies, tax compliance, tax advice, and tax planning service fees for analysis of potential Passive Foreign Investment Companies, tax compliance, tax advice, and tax planning were $114,569 for the fiscal year ended June 30, 2025 and $120,567 for the fiscal year ended June 30, 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 June 30, 2025 and $0 for the fiscal year ended June 30, 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. |
Per Rule-01(c) (7) (A), the registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the registrant’s financial statements. The audit committee also must approve, prior to appointment, the engagement of the principal accountant to provide other audit services to the registrant or to provide non-audit services to the registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the registrant. The audit committee also must, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the registrant by the auditors for each audit and non-audit service. The audit committee also must consider whether non-audit services provided by the registrant’s principal accountant to the registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the registrant, are compatible with maintaining the auditor’s independence.
The audit committee has authorized the Chair of the audit committee of the Trust to pre-approve on behalf of the audit committee certain audit and non-audit services and fees, pursuant to the delegation provision of the audit committee’s pre-approval Policy, subject to the audit committee receiving a report of such pre-approvals at its next regular 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 was $114,569 for the fiscal year ended June 30, 2025 and $120,567 for the fiscal year ended June 30, 2024. |
(h) | Not applicable. |
(i) | Not applicable. |
(j) | Not applicable. |
Item 5. Audit Committee of Listed Registrants.
(a) | Not applicable. |
(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. June 30, 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.
(a) | The financial statements, including the financial highlights are attached herewith. |
WisdomTree Digital Trust
Annual Financial Statements and Other Information
June 30, 2025
Asset Allocation Digital Funds: WisdomTree Short-Duration Income Digital Fund (WTSIX) WisdomTree Siegel Global Equity Digital Fund (EQTYX) WisdomTree Siegel Longevity Digital Fund (LNGVX) WisdomTree Siegel Moderate Digital Fund (MODRX) Equity Digital Funds: WisdomTree 500 Digital Fund (SPXUX) WisdomTree Technology and Innovation 100 Digital Fund (TECHX) Fixed Income Digital Funds: WisdomTree 3-7 Year Treasury Digital Fund (WTTSX) WisdomTree 7-10 Year Treasury Digital Fund (WTSTX) WisdomTree Floating Rate Treasury Digital Fund (FLTTX) WisdomTree Long-Term Treasury Digital Fund (WTLGX) WisdomTree Short-Term Treasury Digital Fund (WTSYX) WisdomTree TIPS Digital Fund (TIPSX) Money Market Digital Fund: WisdomTree Government Money Market Digital Fund (WTGXX)
|
Table of Contents
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55 | ||
57 |
“WisdomTree” is a registered mark of WisdomTree, Inc. and is licensed for use by the WisdomTree Digital Trust.
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Schedule of Investments WisdomTree Short-Duration Income Digital Fund (WTSIX) June 30, 2025
|
Investments |
Shares |
Value | |||
EXCHANGE-TRADED FUNDS – 100.0% |
|
||||
United States – 100.0% |
|
||||
WisdomTree Floating Rate Treasury Fund(a) |
3,031 |
$ |
152,490 | ||
WisdomTree Interest Rate Hedged High Yield Bond Fund(a) |
7,049 |
|
157,809 | ||
WisdomTree Mortgage Plus Bond Fund(a) |
4,640 |
|
206,062 | ||
WisdomTree U.S. Short Term Corporate Bond Fund(a) |
4,245 |
|
207,071 | ||
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund(a) |
6,448 |
|
308,666 | ||
TOTAL
INVESTMENTS IN SECURITIES – 100.0% |
|
1,032,098 | |||
Other Assets less Liabilities – 0.0% |
|
68 | |||
NET ASSETS – 100.0% |
$ |
1,032,166 |
(a) Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.
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 June 30, 2025 were as follows:
Affiliate |
Value
at |
Purchases/ |
Sales/
|
Realized
|
Change
in |
Value
at |
Dividend
| ||||||||
WisdomTree Floating Rate Treasury Fund |
$ 152,339 |
$ 6,593 |
$ 6,436 |
$ (14 |
) |
$ 8 |
$ 152,490 |
$ 7,047 | |||||||
WisdomTree Interest Rate Hedged High Yield Bond Fund |
153,938 |
6,800 |
6,639 |
(10 |
) |
3,720 |
157,809 |
9,861 | |||||||
WisdomTree Mortgage Plus Bond Fund |
199,906 |
8,906 |
8,684 |
(160 |
) |
6,094 |
206,062 |
8,441 | |||||||
WisdomTree U.S. Short Term Corporate Bond Fund |
201,909 |
8,947 |
8,764 |
11 |
|
4,968 |
207,071 |
9,231 | |||||||
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund |
302,346 |
13,391 |
13,076 |
3 |
|
6,002 |
308,666 |
14,419 | |||||||
Total |
$1,010,438 |
$44,637 |
$43,599 |
$(170 |
) |
$20,792 |
$1,032,098 |
$48,999 |
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 |
||||||||
Exchange-Traded Funds |
$1,032,098 |
$— |
$— |
$1,032,098 | ||||
Total Investments in Securities |
$1,032,098 |
$— |
$— |
$1,032,098 |
See Notes to Financial Statements.
WisdomTree Digital Trust 1
Schedule of Investments WisdomTree Siegel Global Equity Digital Fund (EQTYX) June 30, 2025
|
Investments |
Shares |
Value | |||
EXCHANGE-TRADED FUNDS – 97.6% |
|
||||
United States – 97.6% |
|
||||
iShares Core S&P 500 ETF |
175 |
$ |
108,657 | ||
JPMorgan BetaBuilders Europe ETF |
423 |
|
28,536 | ||
SPDR Portfolio S&P 400 Mid Cap ETF |
639 |
|
34,749 | ||
Vanguard High Dividend Yield ETF |
405 |
|
53,991 | ||
Vanguard International High Dividend Yield ETF |
887 |
|
71,058 | ||
WisdomTree Emerging Markets High Dividend Fund(a) |
1,243 |
|
56,295 | ||
WisdomTree International Quality Dividend Growth Fund(a) |
733 |
|
29,056 | ||
WisdomTree Japan Hedged Equity Fund(a) |
237 |
|
27,082 | ||
WisdomTree U.S. Quality Dividend Growth Fund(a) |
1,965 |
|
164,549 | ||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund(a) |
422 |
|
19,644 | ||
WisdomTree U.S. Total Dividend Fund(a) |
1,275 |
|
101,388 | ||
TOTAL
INVESTMENTS IN SECURITIES – 97.6%
|
|
695,005 | |||
Other Assets less Liabilities – 2.4% |
|
17,203 | |||
NET ASSETS – 100.0% |
$ |
712,208 |
(a) Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.
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 June 30, 2025 were as follows:
Affiliate |
Value
at |
Purchases/ |
Sales/ |
Realized |
Change
in |
Value
at |
Dividend | |||||||||
WisdomTree Emerging Markets High Dividend Fund |
$ 15,678 |
$ 37,383 |
$ 291 |
$ (14 |
) |
$ 3,539 |
|
$ 56,295 |
$1,378 | |||||||
WisdomTree Emerging Markets SmallCap Dividend Fund^ |
15,638 |
5,374 |
19,965 |
(305 |
) |
(742 |
) |
— |
314 | |||||||
WisdomTree International Quality Dividend Growth Fund |
38,796 |
15,969 |
26,591 |
(974 |
) |
1,856 |
|
29,056 |
836 | |||||||
WisdomTree Japan Hedged Equity Fund |
15,682 |
10,792 |
110 |
(3 |
) |
721 |
|
27,082 |
757 | |||||||
WisdomTree U.S. Quality Dividend Growth Fund |
87,416 |
69,215 |
1,914 |
(24 |
) |
9,856 |
|
164,549 |
1,777 | |||||||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund |
11,778 |
8,911 |
1,023 |
3 |
|
(25 |
) |
19,644 |
386 | |||||||
WisdomTree U.S. Total Dividend Fund |
58,577 |
39,175 |
5,198 |
(99 |
) |
8,933 |
|
101,388 |
1,563 | |||||||
Total |
$243,565 |
$186,819 |
$55,092 |
$(1,416 |
) |
$24,138 |
|
$398,014 |
$7,011 |
^ As of June 30, 2025, the Fund did not hold a position in this affiliate.
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 |
||||||||
Exchange-Traded Funds |
$695,005 |
$— |
$— |
$695,005 | ||||
Total Investments in Securities |
$695,005 |
$— |
$— |
$695,005 |
See Notes to Financial Statements.
2 WisdomTree Digital Trust
Schedule of Investments WisdomTree Siegel Longevity Digital Fund (LNGVX) June 30, 2025
|
Investments |
Shares |
Value | |||
EXCHANGE-TRADED FUNDS – 100.0% |
|
||||
United States – 100.0% |
|
||||
Global X U.S. Preferred ETF |
407 |
$ |
7,664 | ||
iShares Core S&P 500 ETF |
28 |
|
17,385 | ||
JPMorgan BetaBuilders Europe ETF |
125 |
|
8,432 | ||
SPDR Portfolio S&P 400 Mid Cap ETF |
170 |
|
9,245 | ||
Vanguard High Dividend Yield ETF |
90 |
|
11,998 | ||
Vanguard International High Dividend Yield ETF |
210 |
|
16,823 | ||
WisdomTree Emerging Markets High Dividend Fund(a) |
322 |
|
14,583 | ||
WisdomTree International Quality Dividend Growth Fund(a) |
217 |
|
8,602 | ||
WisdomTree Japan Hedged Equity Fund(a) |
52 |
|
5,942 | ||
WisdomTree Managed Futures Strategy Fund(a) |
283 |
|
9,992 |
Investments |
Shares |
Value | |||
WisdomTree U.S. High Yield Corporate Bond Fund(a) |
172 |
$ |
7,929 | ||
WisdomTree U.S. Quality Dividend Growth Fund(a) |
267 |
|
22,359 | ||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund(a) |
124 |
|
5,772 | ||
WisdomTree U.S. Total Dividend Fund(a) |
340 |
|
27,037 | ||
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund(a) |
669 |
|
29,188 | ||
TOTAL
INVESTMENTS IN SECURITIES – 100.0%
|
|
202,951 | |||
Other Assets less Liabilities – 0.0% |
|
23 | |||
NET ASSETS – 100.0% |
$ |
202,974 |
(a) Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.
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 June 30, 2025 were as follows:
Affiliate |
Value
at |
Purchases/ |
Sales/ |
Realized |
Change
in |
Value
at |
Dividend | |||||||||
WisdomTree Emerging Markets High Dividend Fund |
$ 6,886 |
$ 8,614 |
$ 1,749 |
$ (42 |
) |
$ 874 |
|
$ 14,583 |
$ 439 | |||||||
WisdomTree Emerging Markets SmallCap Dividend Fund^ |
5,144 |
1,451 |
6,280 |
(63 |
) |
(252 |
) |
— |
96 | |||||||
WisdomTree International Quality Dividend Growth Fund |
13,538 |
4,602 |
9,875 |
(201 |
) |
538 |
|
8,602 |
262 | |||||||
WisdomTree Japan Hedged Equity Fund |
5,190 |
1,741 |
1,081 |
(48 |
) |
140 |
|
5,942 |
204 | |||||||
WisdomTree Managed Futures Strategy Fund |
8,451 |
3,801 |
2,090 |
(77 |
) |
(93 |
) |
9,992 |
279 | |||||||
WisdomTree U.S. High Yield Corporate Bond Fund |
6,779 |
2,634 |
1,731 |
4 |
|
243 |
|
7,929 |
456 | |||||||
WisdomTree U.S. Quality Dividend Growth Fund |
18,732 |
7,141 |
4,973 |
43 |
|
1,416 |
|
22,359 |
313 | |||||||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund |
5,135 |
2,226 |
1,513 |
— |
|
(76 |
) |
5,772 |
142 | |||||||
WisdomTree U.S. Total Dividend Fund |
23,091 |
8,771 |
7,680 |
112 |
|
2,743 |
|
27,037 |
529 | |||||||
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund |
25,432 |
9,764 |
6,462 |
10 |
|
444 |
|
29,188 |
1,184 | |||||||
Total |
$118,378 |
$50,745 |
$43,434 |
$(262 |
) |
$5,977 |
|
$131,404 |
$3,904 |
^ As of June 30, 2025, the Fund did not hold a position in this affiliate.
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 |
||||||||
Exchange-Traded Funds |
$202,951 |
$— |
$— |
$202,951 | ||||
Total Investments in Securities |
$202,951 |
$— |
$— |
$202,951 |
See Notes to Financial Statements.
WisdomTree Digital Trust 3
Schedule of Investments WisdomTree Siegel Moderate Digital Fund (MODRX) June 30, 2025
|
Investments |
Shares |
Value | |||
EXCHANGE-TRADED FUNDS – 99.9% |
|
||||
United States – 99.9% |
|
||||
iShares 10-20 Year Treasury Bond ETF |
107 |
$ |
10,871 | ||
iShares Core S&P 500 ETF |
28 |
|
17,385 | ||
JPMorgan BetaBuilders Europe ETF |
96 |
|
6,476 | ||
SPDR Portfolio S&P 400 Mid Cap ETF |
116 |
|
6,308 | ||
Vanguard High Dividend Yield ETF |
74 |
|
9,865 | ||
Vanguard International High Dividend Yield ETF |
178 |
|
14,259 | ||
WisdomTree Emerging Markets High Dividend Fund(a) |
226 |
|
10,236 | ||
WisdomTree Emerging Markets Local Debt Fund(a) |
148 |
|
4,138 | ||
WisdomTree Floating Rate Treasury Fund(a) |
55 |
|
2,767 | ||
WisdomTree International Quality Dividend Growth Fund(a) |
167 |
|
6,620 | ||
WisdomTree Japan Hedged Equity Fund(a) |
43 |
|
4,914 |
Investments |
Shares |
Value | |||
WisdomTree Mortgage Plus Bond Fund(a) |
416 |
$ |
18,475 | ||
WisdomTree U.S. High Yield Corporate Bond Fund(a) |
110 |
|
5,071 | ||
WisdomTree U.S. Quality Dividend Growth Fund(a) |
410 |
|
34,333 | ||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund(a) |
77 |
|
3,584 | ||
WisdomTree U.S. Total Dividend Fund(a) |
232 |
|
18,449 | ||
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund(a) |
744 |
|
32,461 | ||
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $189,074) |
|
206,212 | |||
Other Assets less Liabilities – 0.1% |
|
177 | |||
NET ASSETS – 100.0% |
$ |
206,389 |
(a) Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.
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 June 30, 2025 were as follows:
Affiliate |
Value
at |
Purchases/ |
Sales/ |
Realized |
Change
in |
Value
at |
Dividend | |||||||||
WisdomTree Emerging Markets High Dividend Fund |
$ 3,551 |
$ 6,440 |
$ 392 |
$ (3 |
) |
$ 640 |
|
$ 10,236 |
$ 284 | |||||||
WisdomTree Emerging Markets Local Debt Fund |
2,900 |
1,293 |
375 |
(9 |
) |
329 |
|
4,138 |
109 | |||||||
WisdomTree Emerging Markets SmallCap Dividend Fund^ |
3,498 |
1,509 |
4,746 |
(65 |
) |
(196 |
) |
— |
72 | |||||||
WisdomTree Floating Rate Treasury Fund |
6,339 |
1,711 |
5,284 |
(2 |
) |
3 |
|
2,767 |
224 | |||||||
WisdomTree International Quality Dividend Growth Fund |
8,642 |
4,404 |
6,680 |
(187 |
) |
441 |
|
6,620 |
199 | |||||||
WisdomTree Japan Hedged Equity Fund |
3,497 |
1,533 |
228 |
2 |
|
110 |
|
4,914 |
164 | |||||||
WisdomTree Mortgage Plus Bond Fund |
13,241 |
5,885 |
1,091 |
(29 |
) |
469 |
|
18,475 |
659 | |||||||
WisdomTree U.S. High Yield Corporate Bond Fund |
3,612 |
1,641 |
317 |
(3 |
) |
138 |
|
5,071 |
282 | |||||||
WisdomTree U.S. Quality Dividend Growth Fund |
19,513 |
14,371 |
1,305 |
(10 |
) |
1,764 |
|
34,333 |
423 | |||||||
WisdomTree U.S. SmallCap Quality Dividend Growth Fund |
2,638 |
1,581 |
551 |
(4 |
) |
(80 |
) |
3,584 |
85 | |||||||
WisdomTree U.S. Total Dividend Fund |
13,033 |
5,637 |
1,896 |
(11 |
) |
1,686 |
|
18,449 |
345 | |||||||
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund |
23,456 |
10,425 |
1,777 |
(48 |
) |
405 |
|
32,461 |
1,277 | |||||||
Total |
$103,920 |
$56,430 |
$24,642 |
$(369 |
) |
$5,709 |
|
$141,048 |
$4,123 |
^ As of June 30, 2025, the Fund did not hold a position in this affiliate.
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 |
||||||||
Exchange-Traded Funds |
$206,212 |
$— |
$— |
$206,212 | ||||
Total Investments in Securities |
$206,212 |
$— |
$— |
$206,212 |
See Notes to Financial Statements.
4 WisdomTree Digital Trust
Schedule of Investments WisdomTree 500 Digital Fund (SPXUX) June 30, 2025
|
Investments |
Shares |
Value | |||
COMMON STOCKS – 99.6% |
|
||||
Brazil – 0.1% |
|
||||
Broadline Retail – 0.1% |
|
||||
MercadoLibre, Inc.* |
5 |
$ |
13,068 | ||
Ireland – 0.1% |
|
||||
IT Services – 0.1% |
|
||||
Accenture PLC, Class A |
56 |
|
16,738 | ||
Netherlands – 0.1% |
|
||||
Semiconductors & Semiconductor Equipment – 0.1% |
|
||||
NXP Semiconductors NV |
23 |
|
5,025 | ||
South Korea – 0.1% |
|
||||
Broadline Retail – 0.1% |
|
||||
Coupang, Inc.* |
432 |
|
12,943 | ||
Switzerland – 0.0% |
|
||||
Electronic Equipment, Instruments & Components – 0.0% | |||||
TE Connectivity PLC |
27 |
|
4,554 | ||
United Kingdom – 0.0% |
|
||||
Hotels, Restaurants & Leisure – 0.0% |
|
||||
Flutter Entertainment PLC* |
16 |
|
4,572 | ||
United States – 99.2% |
|
||||
Aerospace & Defense – 2.1% |
|
||||
Axon Enterprise, Inc.* |
19 |
|
15,731 | ||
Boeing Co.* |
139 |
|
29,125 | ||
General Dynamics Corp. |
64 |
|
18,666 | ||
General Electric Co. |
267 |
|
68,723 | ||
HEICO Corp. |
33 |
|
10,824 | ||
Howmet Aerospace, Inc. |
101 |
|
18,799 | ||
L3Harris Technologies, Inc. |
44 |
|
11,037 | ||
Lockheed Martin Corp. |
59 |
|
27,325 | ||
Northrop Grumman Corp. |
35 |
|
17,499 | ||
RTX Corp. |
340 |
|
49,647 | ||
TransDigm Group, Inc. |
13 |
|
19,769 | ||
Total Aerospace & Defense |
|
287,145 | |||
Air Freight & Logistics – 0.3% |
|
||||
Expeditors International of Washington, Inc. |
35 |
|
3,999 | ||
FedEx Corp. |
58 |
|
13,184 | ||
United Parcel Service, Inc., Class B |
193 |
|
19,481 | ||
Total Air Freight & Logistics |
|
36,664 | |||
Automobiles – 2.0% |
|
||||
Ford Motor Co. |
904 |
|
9,809 | ||
General Motors Co. |
316 |
|
15,550 | ||
Tesla, Inc.* |
771 |
|
244,916 | ||
Total Automobiles |
|
270,275 |
Investments |
Shares |
Value | |||
Banks – 3.6% |
|
||||
Bank of America Corp. |
1,901 |
$ |
89,955 | ||
Citigroup, Inc. |
445 |
|
37,878 | ||
Citizens Financial Group, Inc. |
108 |
|
4,833 | ||
Fifth Third Bancorp |
156 |
|
6,416 | ||
First Citizens BancShares, Inc., Class A |
3 |
|
5,869 | ||
Huntington Bancshares, Inc. |
333 |
|
5,581 | ||
JPMorgan Chase & Co. |
691 |
|
200,328 | ||
KeyCorp |
207 |
|
3,606 | ||
M&T Bank Corp. |
39 |
|
7,566 | ||
PNC Financial Services Group, Inc. |
92 |
|
17,151 | ||
Regions Financial Corp. |
213 |
|
5,010 | ||
Truist Financial Corp. |
311 |
|
13,370 | ||
U.S. Bancorp |
364 |
|
16,471 | ||
Wells Fargo & Co. |
876 |
|
70,185 | ||
Total Banks |
|
484,219 | |||
Beverages – 1.1% |
|
||||
Brown-Forman Corp., Class B |
109 |
|
2,933 | ||
Coca-Cola Co. |
1,028 |
|
72,731 | ||
Constellation Brands, Inc., Class A |
43 |
|
6,996 | ||
Keurig Dr. Pepper, Inc. |
318 |
|
10,513 | ||
Monster Beverage Corp.* |
244 |
|
15,284 | ||
PepsiCo, Inc. |
323 |
|
42,649 | ||
Total Beverages |
|
151,106 | |||
Biotechnology – 1.5% |
|
||||
AbbVie, Inc. |
415 |
|
77,032 | ||
Alnylam Pharmaceuticals, Inc.* |
29 |
|
9,457 | ||
Amgen, Inc. |
124 |
|
34,622 | ||
Biogen, Inc.* |
35 |
|
4,396 | ||
Gilead Sciences, Inc. |
295 |
|
32,707 | ||
Moderna, Inc.* |
86 |
|
2,373 | ||
Natera, Inc.* |
11 |
|
1,858 | ||
Regeneron Pharmaceuticals, Inc. |
26 |
|
13,650 | ||
United Therapeutics Corp.* |
4 |
|
1,149 | ||
Vertex Pharmaceuticals, Inc.* |
61 |
|
27,157 | ||
Total Biotechnology |
|
204,401 | |||
Broadline Retail – 4.1% |
|
||||
Amazon.com, Inc.* |
2,495 |
|
547,378 | ||
eBay, Inc. |
119 |
|
8,861 | ||
Total Broadline Retail |
|
556,239 | |||
Building Products – 0.4% |
|
||||
Builders FirstSource, Inc.* |
29 |
|
3,384 | ||
Carlisle Cos., Inc. |
11 |
|
4,107 | ||
Carrier Global Corp. |
196 |
|
14,345 | ||
Johnson Controls International PLC |
59 |
|
6,232 | ||
Lennox International, Inc. |
9 |
|
5,159 | ||
Masco Corp. |
52 |
|
3,347 | ||
Owens Corning |
21 |
|
2,888 | ||
Trane Technologies PLC |
21 |
|
9,186 | ||
Total Building Products |
|
48,648 |
See Notes to Financial Statements.
WisdomTree Digital Trust 5
Schedule of Investments (continued) WisdomTree 500 Digital Fund (SPXUX) June 30, 2025
|
Investments |
Shares |
Value | |||
Capital Markets – 3.7% |
|
||||
Ameriprise Financial, Inc. |
24 |
$ |
12,810 | ||
Ares Management Corp., Class A |
47 |
|
8,140 | ||
Bank of New York Mellon Corp. |
181 |
|
16,491 | ||
Blackrock, Inc. |
35 |
|
36,724 | ||
Blackstone, Inc. |
283 |
|
42,331 | ||
Carlyle Group, Inc. |
83 |
|
4,266 | ||
Cboe Global Markets, Inc. |
10 |
|
2,332 | ||
Charles Schwab Corp. |
413 |
|
37,682 | ||
CME Group, Inc. |
86 |
|
23,703 | ||
Coinbase Global, Inc., Class A* |
56 |
|
19,627 | ||
FactSet Research Systems, Inc. |
9 |
|
4,026 | ||
Goldman Sachs Group, Inc. |
77 |
|
54,497 | ||
Interactive Brokers Group, Inc., Class A |
41 |
|
2,272 | ||
Intercontinental Exchange, Inc. |
135 |
|
24,768 | ||
Jefferies Financial Group, Inc. |
19 |
|
1,039 | ||
KKR & Co., Inc. |
221 |
|
29,400 | ||
LPL Financial Holdings, Inc. |
18 |
|
6,750 | ||
Moody’s Corp. |
43 |
|
21,568 | ||
Morgan Stanley |
386 |
|
54,372 | ||
MSCI, Inc. |
19 |
|
10,958 | ||
Nasdaq, Inc. |
140 |
|
12,519 | ||
Northern Trust Corp. |
48 |
|
6,086 | ||
Raymond James Financial, Inc. |
49 |
|
7,515 | ||
Robinhood Markets, Inc., Class A* |
64 |
|
5,992 | ||
S&P Global, Inc. |
75 |
|
39,547 | ||
State Street Corp. |
71 |
|
7,550 | ||
T Rowe Price Group, Inc. |
52 |
|
5,018 | ||
Total Capital Markets |
|
497,983 | |||
Chemicals – 0.9% |
|
||||
Air Products & Chemicals, Inc. |
54 |
|
15,231 | ||
CF Industries Holdings, Inc. |
46 |
|
4,232 | ||
Corteva, Inc. |
167 |
|
12,447 | ||
Dow, Inc. |
160 |
|
4,237 | ||
DuPont de Nemours, Inc. |
101 |
|
6,928 | ||
Ecolab, Inc. |
69 |
|
18,591 | ||
International Flavors & Fragrances, Inc. |
60 |
|
4,413 | ||
Linde PLC |
44 |
|
20,644 | ||
LyondellBasell Industries NV, Class A |
30 |
|
1,736 | ||
PPG Industries, Inc. |
55 |
|
6,256 | ||
RPM International, Inc. |
31 |
|
3,405 | ||
Sherwin-Williams Co. |
62 |
|
21,288 | ||
Westlake Corp. |
29 |
|
2,202 | ||
Total Chemicals |
|
121,610 | |||
Commercial Services & Supplies – 0.7% |
|
||||
Cintas Corp. |
104 |
|
23,178 | ||
Copart, Inc.* |
236 |
|
11,581 | ||
Republic Services, Inc. |
76 |
|
18,742 | ||
Rollins, Inc. |
117 |
|
6,601 |
Investments |
Shares |
Value | |||
Veralto Corp. |
60 |
$ |
6,057 | ||
Waste Connections, Inc. |
23 |
|
4,295 | ||
Waste Management, Inc. |
96 |
|
21,967 | ||
Total Commercial Services & Supplies |
|
92,421 | |||
Communications Equipment – 0.9% |
|
||||
Arista Networks, Inc.* |
310 |
|
31,716 | ||
Cisco Systems, Inc. |
990 |
|
68,686 | ||
Motorola Solutions, Inc. |
40 |
|
16,819 | ||
Ubiquiti, Inc. |
6 |
|
2,470 | ||
Total Communications Equipment |
|
119,691 | |||
Construction & Engineering – 0.1% |
|
||||
Comfort Systems USA, Inc. |
3 |
|
1,609 | ||
EMCOR Group, Inc. |
4 |
|
2,139 | ||
Quanta Services, Inc. |
36 |
|
13,611 | ||
Total Construction & Engineering |
|
17,359 | |||
Construction Materials – 0.2% |
|
||||
CRH PLC |
61 |
|
5,600 | ||
Martin Marietta Materials, Inc. |
15 |
|
8,234 | ||
Vulcan Materials Co. |
32 |
|
8,346 | ||
Total Construction Materials |
|
22,180 | |||
Consumer Finance – 0.7% |
|
||||
American Express Co. |
175 |
|
55,821 | ||
Capital One Financial Corp. |
150 |
|
31,914 | ||
SoFi Technologies, Inc.* |
99 |
|
1,803 | ||
Synchrony Financial |
93 |
|
6,207 | ||
Total Consumer Finance |
|
95,745 | |||
Consumer Staples Distribution & Retail – 2.5% |
|
||||
Costco Wholesale Corp. |
105 |
|
103,944 | ||
Dollar General Corp. |
51 |
|
5,833 | ||
Kroger Co. |
174 |
|
12,481 | ||
Sysco Corp. |
118 |
|
8,937 | ||
Target Corp. |
107 |
|
10,556 | ||
U.S. Foods Holding Corp.* |
22 |
|
1,694 | ||
Walmart, Inc. |
1,981 |
|
193,702 | ||
Total Consumer Staples Distribution & Retail |
|
337,147 | |||
Containers & Packaging – 0.1% |
|
||||
Avery Dennison Corp. |
19 |
|
3,334 | ||
Ball Corp. |
72 |
|
4,038 | ||
International Paper Co. |
83 |
|
3,887 | ||
Packaging Corp. of America |
22 |
|
4,146 | ||
Smurfit WestRock PLC |
46 |
|
1,985 | ||
Total Containers & Packaging |
|
17,390 | |||
Distributors – 0.0% |
|
||||
Genuine Parts Co. |
32 |
|
3,882 | ||
Diversified Telecommunication Services – 0.7% |
|
||||
AT&T, Inc. |
1,733 |
|
50,153 | ||
Verizon Communications, Inc. |
1,010 |
|
43,703 | ||
Total Diversified Telecommunication Services |
|
93,856 |
See Notes to Financial Statements.
6 WisdomTree Digital Trust
Schedule of Investments (continued) WisdomTree 500 Digital Fund (SPXUX) June 30, 2025
|
Investments |
Shares |
Value | |||
Electric Utilities – 1.3% |
|
||||
Alliant Energy Corp. |
60 |
$ |
3,628 | ||
American Electric Power Co., Inc. |
125 |
|
12,970 | ||
Constellation Energy Corp. |
82 |
|
26,466 | ||
Duke Energy Corp. |
183 |
|
21,594 | ||
Edison International |
92 |
|
4,747 | ||
Entergy Corp. |
102 |
|
8,478 | ||
Eversource Energy |
81 |
|
5,153 | ||
Exelon Corp. |
238 |
|
10,334 | ||
FirstEnergy Corp. |
136 |
|
5,476 | ||
NextEra Energy, Inc. |
491 |
|
34,085 | ||
NRG Energy, Inc. |
19 |
|
3,051 | ||
PG&E Corp. |
508 |
|
7,082 | ||
PPL Corp. |
177 |
|
5,999 | ||
Southern Co. |
261 |
|
23,968 | ||
Xcel Energy, Inc. |
131 |
|
8,921 | ||
Total Electric Utilities |
|
181,952 | |||
Electrical Equipment – 0.8% |
|
||||
AMETEK, Inc. |
55 |
|
9,953 | ||
Eaton Corp. PLC |
36 |
|
12,852 | ||
Emerson Electric Co. |
136 |
|
18,133 | ||
GE Vernova, Inc. |
67 |
|
35,453 | ||
Hubbell, Inc. |
13 |
|
5,309 | ||
Rockwell Automation, Inc. |
27 |
|
8,968 | ||
Vertiv Holdings Co., Class A |
93 |
|
11,942 | ||
Total Electrical Equipment |
|
102,610 | |||
Electronic Equipment, Instruments & Components – 0.5% |
|
||||
Amphenol Corp., Class A |
285 |
|
28,144 | ||
CDW Corp. |
31 |
|
5,536 | ||
Corning, Inc. |
205 |
|
10,781 | ||
Keysight Technologies, Inc.* |
41 |
|
6,718 | ||
Ralliant Corp.* |
26 |
|
1,261 | ||
Teledyne Technologies, Inc.* |
11 |
|
5,636 | ||
Trimble, Inc.* |
22 |
|
1,672 | ||
Zebra Technologies Corp., Class A* |
12 |
|
3,700 | ||
Total Electronic Equipment, Instruments & Components |
|
63,448 | |||
Energy Equipment & Services – 0.1% |
|
||||
Baker Hughes Co. |
239 |
|
9,163 | ||
Halliburton Co. |
207 |
|
4,219 | ||
Schlumberger NV |
133 |
|
4,495 | ||
Total Energy Equipment & Services |
|
17,877 | |||
Entertainment – 1.9% |
|
||||
Electronic Arts, Inc. |
65 |
|
10,381 | ||
Liberty Media Corp.-Liberty Formula One, Class C* |
58 |
|
6,061 | ||
Live Nation Entertainment, Inc.* |
56 |
|
8,472 | ||
Netflix, Inc.* |
111 |
|
148,643 | ||
ROBLOX Corp., Class A* |
147 |
|
15,464 | ||
Take-Two Interactive Software, Inc.* |
41 |
|
9,957 | ||
Walt Disney Co. |
448 |
|
55,556 | ||
Warner Bros Discovery, Inc.* |
537 |
|
6,154 | ||
Total Entertainment |
|
260,688 |
Investments |
Shares |
Value | |||
Financial Services – 4.9% |
|
||||
Affirm Holdings, Inc.* |
24 |
$ |
1,659 | ||
Apollo Global Management, Inc. |
199 |
|
28,232 | ||
Berkshire Hathaway, Inc., Class B* |
530 |
|
257,458 | ||
Block, Inc.* |
147 |
|
9,986 | ||
Corebridge Financial, Inc. |
160 |
|
5,680 | ||
Corpay, Inc.* |
17 |
|
5,641 | ||
Fidelity National Information Services, Inc. |
141 |
|
11,479 | ||
Fiserv, Inc.* |
146 |
|
25,172 | ||
Global Payments, Inc. |
61 |
|
4,883 | ||
Mastercard, Inc., Class A |
229 |
|
128,684 | ||
PayPal Holdings, Inc.* |
247 |
|
18,357 | ||
Toast, Inc., Class A* |
46 |
|
2,037 | ||
Visa, Inc., Class A |
494 |
|
175,395 | ||
Total Financial Services |
|
674,663 | |||
Food Products – 0.5% |
|
||||
Archer-Daniels-Midland Co. |
124 |
|
6,545 | ||
General Mills, Inc. |
132 |
|
6,839 | ||
Hershey Co. |
43 |
|
7,136 | ||
Hormel Foods Corp. |
122 |
|
3,690 | ||
Kellanova |
80 |
|
6,362 | ||
Kraft Heinz Co. |
274 |
|
7,075 | ||
McCormick & Co., Inc., Non-Voting Shares |
60 |
|
4,549 | ||
Mondelez International, Inc., Class A |
331 |
|
22,323 | ||
Tyson Foods, Inc., Class A |
77 |
|
4,307 | ||
Total Food Products |
|
68,826 | |||
Gas Utilities – 0.0% |
|
||||
Atmos Energy Corp. |
36 |
|
5,548 | ||
Ground Transportation – 0.9% |
|
||||
CSX Corp. |
457 |
|
14,912 | ||
JB Hunt Transport Services, Inc. |
23 |
|
3,303 | ||
Norfolk Southern Corp. |
52 |
|
13,311 | ||
Old Dominion Freight Line, Inc. |
50 |
|
8,115 | ||
Uber Technologies, Inc.* |
474 |
|
44,224 | ||
Union Pacific Corp. |
140 |
|
32,211 | ||
XPO, Inc.* |
11 |
|
1,389 | ||
Total Ground Transportation |
|
117,465 | |||
Health Care Equipment & Supplies – 2.0% |
|
||||
Abbott Laboratories |
413 |
|
56,172 | ||
Align Technology, Inc.* |
17 |
|
3,219 | ||
Baxter International, Inc. |
118 |
|
3,573 | ||
Becton Dickinson & Co. |
68 |
|
11,713 | ||
Boston Scientific Corp.* |
362 |
|
38,882 | ||
Cooper Cos., Inc.* |
47 |
|
3,344 | ||
Dexcom, Inc.* |
89 |
|
7,769 | ||
Edwards Lifesciences Corp.* |
143 |
|
11,184 | ||
GE HealthCare Technologies, Inc. |
106 |
|
7,851 | ||
Hologic, Inc.* |
57 |
|
3,714 | ||
IDEXX Laboratories, Inc.* |
17 |
|
9,118 | ||
Insulet Corp.* |
16 |
|
5,027 |
See Notes to Financial Statements.
WisdomTree Digital Trust 7
Schedule of Investments (continued) WisdomTree 500 Digital Fund (SPXUX) June 30, 2025
|
Investments |
Shares |
Value | |||
Intuitive Surgical, Inc.* |
85 |
$ |
46,190 | ||
Medtronic PLC |
116 |
|
10,112 | ||
ResMed, Inc. |
34 |
|
8,772 | ||
STERIS PLC |
10 |
|
2,402 | ||
Stryker Corp. |
93 |
|
36,794 | ||
Zimmer Biomet Holdings, Inc. |
49 |
|
4,469 | ||
Total Health Care Equipment & Supplies |
|
270,305 | |||
Health Care Providers & Services – 1.7% |
|
||||
Cardinal Health, Inc. |
59 |
|
9,912 | ||
Cencora, Inc. |
48 |
|
14,393 | ||
Centene Corp.* |
123 |
|
6,676 | ||
Cigna Group |
69 |
|
22,810 | ||
CVS Health Corp. |
300 |
|
20,694 | ||
Elevance Health, Inc. |
54 |
|
21,004 | ||
HCA Healthcare, Inc. |
62 |
|
23,752 | ||
Humana, Inc. |
28 |
|
6,845 | ||
Labcorp Holdings, Inc. |
20 |
|
5,250 | ||
McKesson Corp. |
33 |
|
24,182 | ||
Molina Healthcare, Inc.* |
13 |
|
3,873 | ||
Quest Diagnostics, Inc. |
27 |
|
4,850 | ||
UnitedHealth Group, Inc. |
218 |
|
68,010 | ||
Total Health Care Providers & Services |
|
232,251 | |||
Health Care REITs – 0.2% |
|
||||
Alexandria Real Estate Equities, Inc. |
36 |
|
2,615 | ||
Ventas, Inc. |
94 |
|
5,936 | ||
Welltower, Inc. |
133 |
|
20,446 | ||
Total Health Care REITs |
|
28,997 | |||
Health Care Technology – 0.1% |
|
||||
Veeva Systems, Inc., Class A* |
38 |
|
10,943 | ||
Hotels, Restaurants & Leisure – 2.0% |
|
||||
Airbnb, Inc., Class A* |
144 |
|
19,057 | ||
Booking Holdings, Inc. |
9 |
|
52,103 | ||
Carnival Corp.* |
97 |
|
2,728 | ||
Chipotle Mexican Grill, Inc.* |
329 |
|
18,473 | ||
Darden Restaurants, Inc. |
28 |
|
6,103 | ||
Domino’s Pizza, Inc. |
8 |
|
3,605 | ||
DoorDash, Inc., Class A* |
92 |
|
22,679 | ||
DraftKings, Inc., Class A* |
119 |
|
5,104 | ||
Expedia Group, Inc. |
32 |
|
5,398 | ||
Hilton Worldwide Holdings, Inc. |
62 |
|
16,513 | ||
Las Vegas Sands Corp. |
179 |
|
7,788 | ||
Marriott International, Inc., Class A |
69 |
|
18,851 | ||
McDonald’s Corp. |
169 |
|
49,377 | ||
Royal Caribbean Cruises Ltd. |
22 |
|
6,889 | ||
Starbucks Corp. |
278 |
|
25,473 | ||
Yum! Brands, Inc. |
66 |
|
9,780 | ||
Total Hotels, Restaurants & Leisure |
|
269,921 |
Investments |
Shares |
Value | |||
Household Durables – 0.2% |
|
||||
DR Horton, Inc. |
84 |
$ |
10,829 | ||
Garmin Ltd. |
16 |
|
3,340 | ||
Lennar Corp., Class A |
77 |
|
8,517 | ||
PulteGroup, Inc. |
64 |
|
6,749 | ||
Toll Brothers, Inc. |
17 |
|
1,940 | ||
Total Household Durables |
|
31,375 | |||
Household Products – 1.0% |
|
||||
Church & Dwight Co., Inc. |
61 |
|
5,863 | ||
Clorox Co. |
29 |
|
3,482 | ||
Colgate-Palmolive Co. |
200 |
|
18,180 | ||
Kimberly-Clark Corp. |
82 |
|
10,571 | ||
Procter & Gamble Co. |
577 |
|
91,928 | ||
Total Household Products |
|
130,024 | |||
Independent Power & Renewable Electricity Producers – 0.1% | |||||
Vistra Corp. |
88 |
|
17,055 | ||
Industrial Conglomerates – 0.4% |
|
||||
3M Co. |
128 |
|
19,487 | ||
Honeywell International, Inc. |
156 |
|
36,329 | ||
Total Industrial Conglomerates |
|
55,816 | |||
Industrial REITs – 0.2% |
|
||||
Prologis, Inc. |
206 |
|
21,655 | ||
Insurance – 1.8% |
|
||||
Aflac, Inc. |
143 |
|
15,081 | ||
Allstate Corp. |
63 |
|
12,683 | ||
American International Group, Inc. |
170 |
|
14,550 | ||
Aon PLC, Class A |
20 |
|
7,135 | ||
Arch Capital Group Ltd. |
34 |
|
3,096 | ||
Arthur J Gallagher & Co. |
53 |
|
16,966 | ||
Brown & Brown, Inc. |
71 |
|
7,872 | ||
Chubb Ltd. |
37 |
|
10,720 | ||
Cincinnati Financial Corp. |
37 |
|
5,510 | ||
Erie Indemnity Co., Class A |
11 |
|
3,815 | ||
Everest Group Ltd. |
4 |
|
1,359 | ||
Fidelity National Financial, Inc. |
64 |
|
3,588 | ||
Hartford Insurance Group, Inc. |
73 |
|
9,261 | ||
Loews Corp. |
53 |
|
4,858 | ||
Markel Group, Inc.* |
3 |
|
5,992 | ||
Marsh & McLennan Cos., Inc. |
123 |
|
26,893 | ||
MetLife, Inc. |
180 |
|
14,476 | ||
Principal Financial Group, Inc. |
57 |
|
4,527 | ||
Progressive Corp. |
144 |
|
38,428 | ||
Prudential Financial, Inc. |
88 |
|
9,455 | ||
Travelers Cos., Inc. |
56 |
|
14,982 | ||
Willis Towers Watson PLC |
9 |
|
2,758 | ||
WR Berkley Corp. |
92 |
|
6,759 | ||
Total Insurance |
|
240,764 |
See Notes to Financial Statements.
8 WisdomTree Digital Trust
Schedule of Investments (continued) WisdomTree 500 Digital Fund (SPXUX) June 30, 2025
|
Investments |
Shares |
Value | |||
Interactive Media & Services – 7.4% |
|
||||
Alphabet, Inc., Class A |
3,048 |
$ |
537,149 | ||
Meta Platforms, Inc., Class A |
637 |
|
470,163 | ||
Pinterest, Inc., Class A* |
155 |
|
5,558 | ||
Snap, Inc., Class A* |
376 |
|
3,268 | ||
Total Interactive Media & Services |
|
1,016,138 | |||
IT Services – 1.0% |
|
||||
Cloudflare, Inc., Class A* |
77 |
|
15,079 | ||
Cognizant Technology Solutions Corp., Class A |
119 |
|
9,286 | ||
Gartner, Inc.* |
19 |
|
7,680 | ||
GoDaddy, Inc., Class A* |
33 |
|
5,942 | ||
International Business Machines Corp. |
222 |
|
65,441 | ||
MongoDB, Inc.* |
16 |
|
3,360 | ||
Snowflake, Inc., Class A* |
79 |
|
17,678 | ||
Twilio, Inc., Class A* |
42 |
|
5,223 | ||
VeriSign, Inc. |
23 |
|
6,642 | ||
Total IT Services |
|
136,331 | |||
Life Sciences Tools & Services – 0.8% |
|
||||
Agilent Technologies, Inc. |
68 |
|
8,025 | ||
Danaher Corp. |
173 |
|
34,174 | ||
Illumina, Inc.* |
32 |
|
3,053 | ||
IQVIA Holdings, Inc.* |
42 |
|
6,619 | ||
Mettler-Toledo International, Inc.* |
5 |
|
5,874 | ||
Thermo Fisher Scientific, Inc. |
91 |
|
36,897 | ||
Waters Corp.* |
13 |
|
4,537 | ||
West Pharmaceutical Services, Inc. |
18 |
|
3,938 | ||
Total Life Sciences Tools & Services |
|
103,117 | |||
Machinery – 1.4% |
|
||||
Caterpillar, Inc. |
118 |
|
45,809 | ||
Cummins, Inc. |
32 |
|
10,480 | ||
Deere & Co. |
67 |
|
34,069 | ||
Dover Corp. |
33 |
|
6,047 | ||
Fortive Corp. |
78 |
|
4,066 | ||
IDEX Corp. |
18 |
|
3,160 | ||
Illinois Tool Works, Inc. |
71 |
|
17,555 | ||
Ingersoll Rand, Inc. |
95 |
|
7,902 | ||
Otis Worldwide Corp. |
96 |
|
9,506 | ||
PACCAR, Inc. |
123 |
|
11,692 | ||
Parker-Hannifin Corp. |
31 |
|
21,652 | ||
Pentair PLC |
15 |
|
1,540 | ||
Snap-on, Inc. |
12 |
|
3,734 | ||
Westinghouse Air Brake Technologies Corp. |
42 |
|
8,793 | ||
Xylem, Inc. |
55 |
|
7,115 | ||
Total Machinery |
|
193,120 | |||
Media – 0.6% |
|
||||
Charter Communications, Inc., Class A* |
39 |
|
15,943 | ||
Comcast Corp., Class A |
1,030 |
|
36,761 | ||
Fox Corp., Class A |
115 |
|
6,444 | ||
News Corp., Class A |
136 |
|
4,042 |
Investments |
Shares |
Value | |||
Omnicom Group, Inc. |
51 |
$ |
3,669 | ||
Trade Desk, Inc., Class A* |
124 |
|
8,927 | ||
Total Media |
|
75,786 | |||
Metals & Mining – 0.3% |
|
||||
Freeport-McMoRan, Inc. |
326 |
|
14,132 | ||
Newmont Corp. |
269 |
|
15,672 | ||
Nucor Corp. |
58 |
|
7,513 | ||
Reliance, Inc. |
14 |
|
4,395 | ||
Steel Dynamics, Inc. |
38 |
|
4,864 | ||
Total Metals & Mining |
|
46,576 | |||
Multi-Utilities – 0.5% |
|
||||
Ameren Corp. |
62 |
|
5,955 | ||
CenterPoint Energy, Inc. |
149 |
|
5,474 | ||
CMS Energy Corp. |
68 |
|
4,711 | ||
Consolidated Edison, Inc. |
81 |
|
8,128 | ||
Dominion Energy, Inc. |
197 |
|
11,134 | ||
DTE Energy Co. |
47 |
|
6,226 | ||
NiSource, Inc. |
41 |
|
1,654 | ||
Public Service Enterprise Group, Inc. |
120 |
|
10,102 | ||
Sempra |
151 |
|
11,441 | ||
WEC Energy Group, Inc. |
74 |
|
7,711 | ||
Total Multi-Utilities |
|
72,536 | |||
Oil, Gas & Consumable Fuels – 2.7% |
|
||||
Cheniere Energy, Inc. |
21 |
|
5,114 | ||
Chevron Corp. |
439 |
|
62,860 | ||
ConocoPhillips |
322 |
|
28,896 | ||
Coterra Energy, Inc. |
183 |
|
4,645 | ||
Devon Energy Corp. |
150 |
|
4,772 | ||
Diamondback Energy, Inc. |
42 |
|
5,771 | ||
EOG Resources, Inc. |
139 |
|
16,626 | ||
EQT Corp. |
101 |
|
5,890 | ||
Expand Energy Corp. |
20 |
|
2,339 | ||
Exxon Mobil Corp. |
1,094 |
|
117,933 | ||
Hess Corp. |
72 |
|
9,975 | ||
Kinder Morgan, Inc. |
535 |
|
15,729 | ||
Marathon Petroleum Corp. |
88 |
|
14,618 | ||
Occidental Petroleum Corp. |
208 |
|
8,738 | ||
ONEOK, Inc. |
141 |
|
11,510 | ||
Phillips 66 |
104 |
|
12,407 | ||
Targa Resources Corp. |
56 |
|
9,748 | ||
Texas Pacific Land Corp. |
6 |
|
6,338 | ||
Valero Energy Corp. |
78 |
|
10,485 | ||
Williams Cos., Inc. |
301 |
|
18,906 | ||
Total Oil, Gas & Consumable Fuels |
|
373,300 | |||
Passenger Airlines – 0.1% |
|
||||
Delta Air Lines, Inc. |
154 |
|
7,574 | ||
Southwest Airlines Co. |
135 |
|
4,379 | ||
United Airlines Holdings, Inc.* |
79 |
|
6,291 | ||
Total Passenger Airlines |
|
18,244 |
See Notes to Financial Statements.
WisdomTree Digital Trust 9
Schedule of Investments (continued) WisdomTree 500 Digital Fund (SPXUX) June 30, 2025
|
Investments |
Shares |
Value | |||
Personal Care Products – 0.1% |
|
||||
Estee Lauder Cos., Inc., Class A |
76 |
$ |
6,141 | ||
Kenvue, Inc. |
452 |
|
9,460 | ||
Total Personal Care Products |
|
15,601 | |||
Pharmaceuticals – 2.8% |
|
||||
Bristol-Myers Squibb Co. |
485 |
|
22,451 | ||
Eli Lilly & Co. |
235 |
|
183,190 | ||
Johnson & Johnson |
558 |
|
85,234 | ||
Merck & Co., Inc. |
585 |
|
46,309 | ||
Pfizer, Inc. |
1,377 |
|
33,378 | ||
Zoetis, Inc. |
105 |
|
16,375 | ||
Total Pharmaceuticals |
|
386,937 | |||
Professional Services – 0.6% |
|
||||
Automatic Data Processing, Inc. |
99 |
|
30,532 | ||
Booz Allen Hamilton Holding Corp. |
31 |
|
3,228 | ||
Broadridge Financial Solutions, Inc. |
28 |
|
6,805 | ||
Equifax, Inc. |
29 |
|
7,522 | ||
Jacobs Solutions, Inc. |
30 |
|
3,943 | ||
Leidos Holdings, Inc. |
32 |
|
5,048 | ||
Paychex, Inc. |
86 |
|
12,510 | ||
SS&C Technologies Holdings, Inc. |
58 |
|
4,802 | ||
TransUnion |
18 |
|
1,584 | ||
Verisk Analytics, Inc. |
35 |
|
10,902 | ||
Total Professional Services |
|
86,876 | |||
Real Estate Management & Development – 0.1% |
|
||||
CBRE Group, Inc., Class A* |
70 |
|
9,809 | ||
CoStar Group, Inc.* |
93 |
|
7,477 | ||
Zillow Group, Inc., Class C* |
21 |
|
1,471 | ||
Total Real Estate Management & Development |
|
18,757 | |||
Residential REITs – 0.2% |
|
||||
AvalonBay Communities, Inc. |
33 |
|
6,716 | ||
Equity Residential |
88 |
|
5,939 | ||
Essex Property Trust, Inc. |
15 |
|
4,251 | ||
Invitation Homes, Inc. |
144 |
|
4,723 | ||
Mid-America Apartment Communities, Inc. |
28 |
|
4,144 | ||
Total Residential REITs |
|
25,773 | |||
Retail REITs – 0.2% |
|
||||
Kimco Realty Corp. |
139 |
|
2,922 | ||
Realty Income Corp. |
167 |
|
9,621 | ||
Simon Property Group, Inc. |
75 |
|
12,057 | ||
Total Retail REITs |
|
24,600 | |||
Semiconductors & Semiconductor Equipment – 12.2% |
|
||||
Advanced Micro Devices, Inc.* |
417 |
|
59,172 | ||
Analog Devices, Inc. |
118 |
|
28,086 | ||
Applied Materials, Inc. |
203 |
|
37,163 | ||
Broadcom, Inc. |
1,120 |
|
308,728 | ||
First Solar, Inc.* |
24 |
|
3,973 | ||
Intel Corp. |
1,066 |
|
23,878 | ||
KLA Corp. |
33 |
|
29,560 |
Investments |
Shares |
Value | |||
Lam Research Corp. |
313 |
$ |
30,468 | ||
Marvell Technology, Inc. |
234 |
|
18,112 | ||
Microchip Technology, Inc. |
122 |
|
8,585 | ||
Micron Technology, Inc. |
265 |
|
32,661 | ||
Monolithic Power Systems, Inc. |
11 |
|
8,045 | ||
NVIDIA Corp. |
6,210 |
|
981,118 | ||
ON Semiconductor Corp.* |
98 |
|
5,136 | ||
Qualcomm, Inc. |
261 |
|
41,567 | ||
Teradyne, Inc. |
36 |
|
3,237 | ||
Texas Instruments, Inc. |
210 |
|
43,600 | ||
Total Semiconductors & Semiconductor Equipment |
|
1,663,089 | |||
Software – 12.0% |
|
||||
Adobe, Inc.* |
111 |
|
42,944 | ||
ANSYS, Inc.* |
21 |
|
7,376 | ||
AppLovin Corp., Class A* |
94 |
|
32,907 | ||
Atlassian Corp., Class A* |
62 |
|
12,592 | ||
Autodesk, Inc.* |
50 |
|
15,478 | ||
Cadence Design Systems, Inc.* |
67 |
|
20,646 | ||
Crowdstrike Holdings, Inc., Class A* |
59 |
|
30,049 | ||
Datadog, Inc., Class A* |
81 |
|
10,881 | ||
Docusign, Inc.* |
16 |
|
1,246 | ||
Dynatrace, Inc.* |
72 |
|
3,975 | ||
Fair Isaac Corp.* |
6 |
|
10,968 | ||
Fortinet, Inc.* |
188 |
|
19,875 | ||
Gen Digital, Inc. |
153 |
|
4,498 | ||
Guidewire Software, Inc.* |
9 |
|
2,119 | ||
HubSpot, Inc.* |
12 |
|
6,680 | ||
Intuit, Inc. |
67 |
|
52,771 | ||
Manhattan Associates, Inc.* |
15 |
|
2,962 | ||
Microsoft Corp. |
1,809 |
|
899,815 | ||
MicroStrategy, Inc., Class A* |
16 |
|
6,468 | ||
Nutanix, Inc., Class A* |
24 |
|
1,834 | ||
Oracle Corp. |
660 |
|
144,296 | ||
Palantir Technologies, Inc., Class A* |
596 |
|
81,247 | ||
Palo Alto Networks, Inc.* |
162 |
|
33,152 | ||
PTC, Inc.* |
28 |
|
4,825 | ||
Roper Technologies, Inc. |
26 |
|
14,738 | ||
Salesforce, Inc. |
240 |
|
65,446 | ||
ServiceNow, Inc.* |
49 |
|
50,376 | ||
Synopsys, Inc.* |
38 |
|
19,482 | ||
Tyler Technologies, Inc.* |
10 |
|
5,928 | ||
Workday, Inc., Class A* |
60 |
|
14,400 | ||
Zoom Communications, Inc., Class A* |
73 |
|
5,692 | ||
Zscaler, Inc.* |
36 |
|
11,302 | ||
Total Software |
|
1,636,968 | |||
Specialized REITs – 0.8% |
|
||||
American Tower Corp. |
110 |
|
24,312 | ||
Crown Castle, Inc. |
102 |
|
10,479 | ||
Digital Realty Trust, Inc. |
74 |
|
12,900 | ||
Equinix, Inc. |
23 |
|
18,296 |
See Notes to Financial Statements.
10 WisdomTree Digital Trust
Schedule of Investments (concluded) WisdomTree 500 Digital Fund (SPXUX) June 30, 2025
|
Investments |
Shares |
Value | |||
Extra Space Storage, Inc. |
47 |
$ |
6,930 | ||
Iron Mountain, Inc. |
71 |
|
7,283 | ||
Public Storage |
40 |
|
11,737 | ||
SBA Communications Corp. |
25 |
|
5,871 | ||
VICI Properties, Inc. |
239 |
|
7,791 | ||
Weyerhaeuser Co. |
170 |
|
4,367 | ||
Total Specialized REITs |
|
109,966 | |||
Specialty Retail – 1.6% |
|
||||
AutoZone, Inc.* |
4 |
|
14,849 | ||
Best Buy Co., Inc. |
50 |
|
3,356 | ||
Burlington Stores, Inc.* |
5 |
|
1,163 | ||
Carvana Co.* |
12 |
|
4,044 | ||
Home Depot, Inc. |
231 |
|
84,694 | ||
Lowe’s Cos., Inc. |
131 |
|
29,065 | ||
O’Reilly Automotive, Inc.* |
213 |
|
19,198 | ||
Ross Stores, Inc. |
80 |
|
10,206 | ||
TJX Cos., Inc. |
272 |
|
33,589 | ||
Tractor Supply Co. |
123 |
|
6,491 | ||
Ulta Beauty, Inc.* |
11 |
|
5,146 | ||
Williams-Sonoma, Inc. |
29 |
|
4,738 | ||
Total Specialty Retail |
|
216,539 | |||
Technology Hardware, Storage & Peripherals – 5.9% |
|
||||
Apple, Inc. |
3,659 |
|
750,717 | ||
Dell Technologies, Inc., Class C |
188 |
|
23,049 | ||
Hewlett Packard Enterprise Co. |
322 |
|
6,585 | ||
HP, Inc. |
235 |
|
5,748 | ||
NetApp, Inc. |
52 |
|
5,541 | ||
Pure Storage, Inc., Class A* |
24 |
|
1,382 | ||
Sandisk Corp.* |
28 |
|
1,270 | ||
Seagate Technology Holdings PLC |
19 |
|
2,742 |
Investments |
Shares |
Value | |||
Super Micro Computer, Inc.* |
130 |
$ |
6,371 | ||
Western Digital Corp. |
79 |
|
5,055 | ||
Total Technology Hardware, Storage & Peripherals |
|
808,460 | |||
Textiles, Apparel & Luxury Goods – 0.2% |
|
||||
Deckers Outdoor Corp.* |
35 |
|
3,608 | ||
Lululemon Athletica, Inc.* |
9 |
|
2,138 | ||
NIKE, Inc., Class B |
353 |
|
25,077 | ||
Total Textiles, Apparel & Luxury Goods |
|
30,823 | |||
Tobacco – 0.7% |
|
||||
Altria Group, Inc. |
429 |
|
25,152 | ||
Philip Morris International, Inc. |
377 |
|
68,663 | ||
Total Tobacco |
|
93,815 | |||
Trading Companies & Distributors – 0.3% |
|
||||
Fastenal Co. |
273 |
|
11,466 | ||
Ferguson Enterprises, Inc. |
18 |
|
3,919 | ||
United Rentals, Inc. |
16 |
|
12,054 | ||
Watsco, Inc. |
9 |
|
3,975 | ||
WW Grainger, Inc. |
12 |
|
12,483 | ||
Total Trading Companies & Distributors |
|
43,897 | |||
Water Utilities – 0.0% |
|
||||
American Water Works Co., Inc. |
47 |
|
6,538 | ||
Wireless Telecommunication Services – 0.5% |
|
||||
T-Mobile U.S., Inc. |
289 |
|
68,857 | ||
Total United States |
|
13,532,788 | |||
TOTAL
INVESTMENTS IN SECURITIES – 99.6%
|
|
13,589,688 | |||
Other Assets less Liabilities – 0.4% |
|
49,367 | |||
NET ASSETS – 100.0% |
$ |
13,639,055 |
* Non-income producing security.
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 |
$13,589,688 |
$— |
$— |
$13,589,688 | ||||
Total Investments in Securities |
$13,589,688 |
$— |
$— |
$13,589,688 |
See Notes to Financial Statements.
WisdomTree Digital Trust 11
Schedule of Investments WisdomTree Technology and Innovation 100 Digital Fund (TECHX) June 30, 2025
|
Investments |
Shares |
Value | |||
COMMON STOCKS – 99.9% |
|
||||
Brazil – 0.7% |
|
||||
Broadline Retail – 0.7% |
|
||||
MercadoLibre, Inc.* |
12 |
$ |
31,363 | ||
Ireland – 0.8% |
|
||||
IT Services – 0.8% |
|
||||
Accenture PLC, Class A |
118 |
|
35,269 | ||
Netherlands – 0.3% |
|
||||
Semiconductors & Semiconductor Equipment – 0.3% |
|
||||
NXP Semiconductors NV |
69 |
|
15,076 | ||
South Korea – 0.4% |
|
||||
Broadline Retail – 0.4% |
|
||||
Coupang, Inc.* |
538 |
|
16,118 | ||
Switzerland – 0.3% |
|
||||
Electronic Equipment, Instruments & Components – 0.3% |
|
||||
TE Connectivity PLC |
89 |
|
15,012 | ||
United States – 97.4% |
|
||||
Automobiles – 3.3% |
|
||||
Tesla, Inc.* |
468 |
|
148,665 | ||
Biotechnology – 3.8% |
|
||||
AbbVie, Inc. |
327 |
|
60,697 | ||
Alnylam Pharmaceuticals, Inc.* |
44 |
|
14,348 | ||
Amgen, Inc. |
109 |
|
30,434 | ||
Gilead Sciences, Inc. |
270 |
|
29,935 | ||
Regeneron Pharmaceuticals, Inc. |
24 |
|
12,600 | ||
Vertex Pharmaceuticals, Inc.* |
54 |
|
24,041 | ||
Total Biotechnology |
|
172,055 | |||
Broadline Retail – 7.6% |
|
||||
Amazon.com, Inc.* |
1,536 |
|
336,983 | ||
eBay, Inc. |
78 |
|
5,808 | ||
Total Broadline Retail |
|
342,791 | |||
Communications Equipment – 2.1% |
|
||||
Arista Networks, Inc.* |
249 |
|
25,475 | ||
Cisco Systems, Inc. |
758 |
|
52,590 | ||
Motorola Solutions, Inc. |
40 |
|
16,819 | ||
Total Communications Equipment |
|
94,884 | |||
Electronic Equipment, Instruments & Components – 1.0% |
|
||||
Amphenol Corp., Class A |
271 |
|
26,761 | ||
Corning, Inc. |
261 |
|
13,726 | ||
Keysight Technologies, Inc.* |
28 |
|
4,588 | ||
Total Electronic Equipment, Instruments & Components |
|
45,075 | |||
Entertainment – 3.2% |
|
||||
Electronic Arts, Inc. |
78 |
|
12,457 | ||
Live Nation Entertainment, Inc.* |
39 |
|
5,900 | ||
Netflix, Inc.* |
73 |
|
97,756 |
Investments |
Shares |
Value | |||
ROBLOX Corp., Class A* |
87 |
$ |
9,152 | ||
Take-Two Interactive Software, Inc.* |
60 |
|
14,571 | ||
Warner Bros Discovery, Inc.* |
402 |
|
4,607 | ||
Total Entertainment |
|
144,443 | |||
Financial Services – 1.5% |
|
||||
Block, Inc.* |
146 |
|
9,918 | ||
Corpay, Inc.* |
12 |
|
3,982 | ||
Fidelity National Information Services, Inc. |
161 |
|
13,107 | ||
Fiserv, Inc.* |
130 |
|
22,413 | ||
Global Payments, Inc. |
43 |
|
3,442 | ||
PayPal Holdings, Inc.* |
224 |
|
16,647 | ||
Total Financial Services |
|
69,509 | |||
Health Care Technology – 0.3% |
|
||||
Veeva Systems, Inc., Class A* |
49 |
|
14,111 | ||
Household Durables – 0.3% |
|
||||
Garmin Ltd. |
57 |
|
11,897 | ||
Interactive Media & Services – 13.0% |
|
||||
Alphabet, Inc., Class A |
1,901 |
|
335,013 | ||
Meta Platforms, Inc., Class A |
337 |
|
248,737 | ||
Total Interactive Media & Services |
|
583,750 | |||
IT Services – 2.3% |
|
||||
Cloudflare, Inc., Class A* |
44 |
|
8,617 | ||
Cognizant Technology Solutions Corp., Class A |
155 |
|
12,095 | ||
Gartner, Inc.* |
24 |
|
9,701 | ||
GoDaddy, Inc., Class A* |
23 |
|
4,141 | ||
International Business Machines Corp. |
173 |
|
50,997 | ||
Snowflake, Inc., Class A* |
85 |
|
19,020 | ||
Total IT Services |
|
104,571 | |||
Life Sciences Tools & Services – 1.8% |
|
||||
Agilent Technologies, Inc. |
87 |
|
10,267 | ||
Danaher Corp. |
143 |
|
28,248 | ||
IQVIA Holdings, Inc.* |
57 |
|
8,983 | ||
Mettler-Toledo International, Inc.* |
3 |
|
3,524 | ||
Thermo Fisher Scientific, Inc. |
71 |
|
28,788 | ||
Total Life Sciences Tools & Services |
|
79,810 | |||
Media – 1.0% |
|
||||
Charter Communications, Inc., Class A* |
42 |
|
17,170 | ||
Comcast Corp., Class A |
842 |
|
30,051 | ||
Total Media |
|
47,221 | |||
Professional Services – 1.5% |
|
||||
Automatic Data Processing, Inc. |
88 |
|
27,139 | ||
Equifax, Inc. |
42 |
|
10,894 | ||
Paychex, Inc. |
102 |
|
14,837 | ||
Verisk Analytics, Inc. |
45 |
|
14,017 | ||
Total Professional Services |
|
66,887 |
See Notes to Financial Statements.
12 WisdomTree Digital Trust
Schedule of Investments (concluded) WisdomTree Technology and Innovation 100 Digital Fund (TECHX) June 30, 2025
|
Investments |
Shares |
Value | |||
Semiconductors & Semiconductor Equipment – 22.0% |
|
||||
Advanced Micro Devices, Inc.* |
318 |
$ |
45,124 | ||
Analog Devices, Inc. |
107 |
|
25,468 | ||
Applied Materials, Inc. |
170 |
|
31,122 | ||
Broadcom, Inc. |
708 |
|
195,160 | ||
Intel Corp. |
1,081 |
|
24,214 | ||
KLA Corp. |
31 |
|
27,768 | ||
Lam Research Corp. |
276 |
|
26,866 | ||
Marvell Technology, Inc. |
175 |
|
13,545 | ||
Microchip Technology, Inc. |
193 |
|
13,581 | ||
Micron Technology, Inc. |
228 |
|
28,101 | ||
Monolithic Power Systems, Inc. |
7 |
|
5,120 | ||
NVIDIA Corp. |
3,032 |
|
479,026 | ||
ON Semiconductor Corp.* |
72 |
|
3,774 | ||
Qualcomm, Inc. |
213 |
|
33,922 | ||
Texas Instruments, Inc. |
183 |
|
37,995 | ||
Total Semiconductors & Semiconductor Equipment |
|
990,786 | |||
Software – 22.8% |
|
||||
Adobe, Inc.* |
78 |
|
30,177 | ||
ANSYS, Inc.* |
15 |
|
5,268 | ||
AppLovin Corp., Class A* |
65 |
|
22,755 | ||
Atlassian Corp., Class A* |
47 |
|
9,545 | ||
Autodesk, Inc.* |
52 |
|
16,098 | ||
Cadence Design Systems, Inc.* |
63 |
|
19,413 | ||
Crowdstrike Holdings, Inc., Class A* |
53 |
|
26,993 | ||
Datadog, Inc., Class A* |
84 |
|
11,284 | ||
Fair Isaac Corp.* |
7 |
|
12,796 | ||
Fortinet, Inc.* |
182 |
|
19,241 | ||
HubSpot, Inc.* |
16 |
|
8,906 | ||
Intuit, Inc. |
54 |
|
42,532 | ||
Microsoft Corp. |
911 |
|
453,141 |
Investments |
Shares |
Value | |||
MicroStrategy, Inc., Class A* |
46 |
$ |
18,595 | ||
Oracle Corp. |
460 |
|
100,570 | ||
Palantir Technologies, Inc., Class A* |
401 |
|
54,664 | ||
Palo Alto Networks, Inc.* |
134 |
|
27,422 | ||
PTC, Inc.* |
20 |
|
3,447 | ||
Roper Technologies, Inc. |
29 |
|
16,438 | ||
Salesforce, Inc. |
163 |
|
44,448 | ||
ServiceNow, Inc.* |
36 |
|
37,011 | ||
Synopsys, Inc.* |
39 |
|
19,995 | ||
Tyler Technologies, Inc.* |
7 |
|
4,150 | ||
Workday, Inc., Class A* |
52 |
|
12,480 | ||
Zscaler, Inc.* |
25 |
|
7,848 | ||
Total Software |
|
1,025,217 | |||
Technology Hardware, Storage & Peripherals – 8.7% |
|
||||
Apple, Inc. |
1,756 |
|
360,279 | ||
Dell Technologies, Inc., Class C |
100 |
|
12,260 | ||
Hewlett Packard Enterprise Co. |
199 |
|
4,070 | ||
HP, Inc. |
320 |
|
7,827 | ||
NetApp, Inc. |
32 |
|
3,410 | ||
Sandisk Corp.* |
18 |
|
816 | ||
Western Digital Corp. |
54 |
|
3,455 | ||
Total Technology Hardware, Storage & Peripherals |
|
392,117 | |||
Wireless Telecommunication Services – 1.2% |
|
||||
T-Mobile U.S., Inc. |
228 |
|
54,323 | ||
Total United States |
|
4,388,112 | |||
TOTAL
INVESTMENTS IN SECURITIES – 99.9%
|
|
4,500,950 | |||
Other Assets less Liabilities – 0.1% |
|
5,071 | |||
NET ASSETS – 100.0% |
$ |
4,506,021 |
* Non-income producing security.
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 |
$4,500,950 |
$— |
$— |
$4,500,950 | ||||
Total Investments in Securities |
$4,500,950 |
$— |
$— |
$4,500,950 |
See Notes to Financial Statements.
WisdomTree Digital Trust 13
Schedule of Investments WisdomTree 3-7 Year Treasury Digital Fund (WTTSX) June 30, 2025
|
Investments |
Principal |
Value | ||||
U.S. GOVERNMENT OBLIGATIONS – 99.9% |
|
|
||||
U.S. Treasury Bond – 20.6% |
|
|
||||
5.38%, 2/15/31 |
$ |
190,000 |
$ |
204,510 | ||
Total U.S. Treasury Bond |
|
|
204,510 | |||
U.S. Treasury Notes – 79.3% |
|
|
||||
1.13%, 8/31/28 |
|
181,200 |
|
167,355 | ||
1.38%, 10/31/28 |
|
282,900 |
|
262,368 | ||
4.00%, 2/28/30 |
|
6,000 |
|
6,060 | ||
0.63%, 5/15/30 |
|
5,000 |
|
4,303 | ||
3.75%, 5/31/30 |
|
10,000 |
|
9,980 | ||
4.00%, 5/31/30 |
|
20,000 |
|
20,198 | ||
3.75%, 6/30/30 |
|
17,000 |
|
16,961 | ||
3.88%, 6/30/30 |
|
77,900 |
|
78,207 | ||
4.00%, 7/31/30 |
|
13,000 |
|
13,116 | ||
3.75%, 8/31/31 |
|
3,000 |
|
2,973 | ||
4.00%, 4/30/32 |
|
186,000 |
|
186,276 | ||
4.13%, 5/31/32 |
|
20,700 |
|
20,879 | ||
Total U.S. Treasury Notes |
|
|
788,676 | |||
TOTAL
U.S. GOVERNMENT OBLIGATIONS |
|
993,186 | ||||
TOTAL
INVESTMENTS IN SECURITIES – 99.9%
|
|
993,186 | ||||
Other Assets less Liabilities – 0.1% |
|
|
1,061 | |||
NET ASSETS – 100.0% |
|
$ |
994,247 |
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 |
||||||||
U.S. Government Obligations |
$— |
$993,186 |
$— |
$993,186 | ||||
Total Investments in Securities |
$— |
$993,186 |
$— |
$993,186 |
See Notes to Financial Statements.
14 WisdomTree Digital Trust
Schedule of Investments WisdomTree 7-10 Year Treasury Digital Fund (WTSTX) June 30, 2025
|
Investments |
Principal
|
Value | ||||
U.S. GOVERNMENT OBLIGATIONS – 99.2% |
|
|
||||
U.S. Treasury Notes – 99.2% |
|
|
||||
1.88%, 2/15/32 |
$ |
252,400 |
$ |
221,796 | ||
3.50%, 2/15/33 |
|
39,400 |
|
37,993 | ||
3.88%, 8/15/33 |
|
55,000 |
|
54,184 | ||
4.50%, 11/15/33 |
|
171,300 |
|
176,011 | ||
3.88%, 8/15/34 |
|
125,300 |
|
122,393 | ||
4.25%, 5/15/35 |
|
334,000 |
|
334,600 | ||
TOTAL
INVESTMENTS IN SECURITIES – 99.2% |
|
946,977 | ||||
Other Assets less Liabilities – 0.8% |
|
|
7,591 | |||
NET ASSETS – 100.0% |
|
$ |
954,568 |
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 |
||||||||
U.S. Government Obligations |
$— |
$946,977 |
$— |
$946,977 | ||||
Total Investments in Securities |
$— |
$946,977 |
$— |
$946,977 |
See Notes to Financial Statements.
WisdomTree Digital Trust 15
Schedule of Investments WisdomTree Floating Rate Treasury Digital Fund (FLTTX) June 30, 2025
|
Investments |
Principal
|
Value |
|||||
U.S. GOVERNMENT OBLIGATIONS – 100.2% |
|
|
|||||
U.S. Treasury Floating Rate Notes – 100.2% |
|
|
|||||
4.45%,
10/31/25, (3-month U.S. Treasury |
$ |
50,000 |
$ |
50,020 |
|||
4.53%,
1/31/26, (3-month U.S. Treasury |
|
450,000 |
|
450,510 |
|||
4.43%,
4/30/26, (3-month U.S. Treasury |
|
195,000 |
|
195,121 |
|||
4.46%,
7/31/26, (3-month U.S. Treasury |
|
260,000 |
|
260,259 |
|||
4.49%,
10/31/26, (3-month U.S. Treasury |
|
245,000 |
|
245,321 |
|||
4.38%,
1/31/27, (3-month U.S. Treasury |
|
400,000 |
|
399,787 |
|||
4.44%,
4/30/27, (3-month U.S. Treasury |
|
175,000 |
|
175,011 |
|||
TOTAL INVESTMENTS IN SECURITIES – 100.2% (Cost: $1,775,280) |
|
1,776,029 |
|||||
Other Liabilities less Assets – (0.2)% |
|
|
(3,664 |
) | |||
NET ASSETS – 100.0% |
|
$ |
1,772,365 |
(a) Floating rate note. Coupon shown is in effect at June 30, 2025. Date represents the ultimate maturity date.
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 |
||||||||
U.S. Government Obligations |
$— |
$1,776,029 |
$— |
$1,776,029 | ||||
Total Investments in Securities |
$— |
$1,776,029 |
$— |
$1,776,029 |
See Notes to Financial Statements.
16 WisdomTree Digital Trust
Schedule of Investments WisdomTree Long-Term Treasury Digital Fund (WTLGX) June 30, 2025
|
Investments |
Principal
|
Value |
|||||
U.S. GOVERNMENT OBLIGATIONS – 100.4% |
|
||||||
U.S. Treasury Bonds – 100.4% |
|
|
|||||
4.75%, 2/15/45 |
$ |
27,000 |
$ |
26,865 |
|||
3.00%, 5/15/45 |
|
102,600 |
|
78,625 |
|||
5.00%, 5/15/45 |
|
1,400 |
|
1,439 |
|||
3.00%, 5/15/47 |
|
432,300 |
|
323,887 |
|||
1.63%, 11/15/50 |
|
25,000 |
|
13,182 |
|||
1.88%, 11/15/51 |
|
555,500 |
|
309,301 |
|||
4.13%, 8/15/53 |
|
3,000 |
|
2,681 |
|||
4.63%, 2/15/55 |
|
64,300 |
|
62,622 |
|||
TOTAL INVESTMENTS IN SECURITIES – 100.4% (Cost: $981,009) |
|
818,602 |
|||||
Other Liabilities less Assets – (0.4)% |
|
|
(3,575 |
) | |||
NET ASSETS – 100.0% |
|
$ |
815,027 |
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 |
||||||||
U.S. Government Obligations |
$— |
$818,602 |
$— |
$818,602 | ||||
Total Investments in Securities |
$— |
$818,602 |
$— |
$818,602 |
See Notes to Financial Statements.
WisdomTree Digital Trust 17
Schedule of Investments WisdomTree Short-Term Treasury Digital Fund (WTSYX) June 30, 2025
|
Investments |
Principal
|
Value | ||||
U.S. GOVERNMENT OBLIGATIONS – 99.0% |
|
|
||||
U.S. Treasury Notes – 99.0% |
|
|
||||
4.63%, 3/15/26 |
$ |
64,000 |
$ |
64,234 | ||
3.75%, 4/15/26 |
|
68,700 |
|
68,534 | ||
4.13%, 6/15/26 |
|
44,700 |
|
44,762 | ||
1.25%, 11/30/26 |
|
120,000 |
|
115,739 | ||
4.25%, 11/30/26 |
|
3,000 |
|
3,016 | ||
4.38%, 12/15/26 |
|
60,000 |
|
60,457 | ||
4.25%, 12/31/26 |
|
7,000 |
|
7,042 | ||
4.00%, 1/15/27 |
|
4,000 |
|
4,010 | ||
4.13%, 1/31/27 |
|
3,000 |
|
3,014 | ||
4.13%, 2/15/27 |
|
4,000 |
|
4,020 | ||
4.25%, 3/15/27 |
|
7,000 |
|
7,055 | ||
3.75%, 4/30/27 |
|
122,000 |
|
121,995 | ||
3.88%, 5/31/27 |
|
21,000 |
|
21,051 | ||
3.75%, 8/15/27 |
|
210,000 |
|
210,123 | ||
3.38%, 9/15/27 |
|
5,000 |
|
4,966 | ||
4.25%, 1/15/28 |
|
7,000 |
|
7,092 | ||
4.25%, 2/15/28 |
|
27,000 |
|
27,369 | ||
3.88%, 3/15/28 |
|
169,000 |
|
169,832 | ||
3.75%, 5/15/28 |
|
69,800 |
|
69,917 | ||
TOTAL
INVESTMENTS IN SECURITIES – 99.0% |
|
1,014,228 | ||||
Other Assets less Liabilities – 1.0% |
|
|
10,337 | |||
NET ASSETS – 100.0% |
|
$ |
1,024,565 |
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 |
||||||||
U.S. Government Obligations |
$— |
$1,014,228 |
$— |
$1,014,228 | ||||
Total Investments in Securities |
$— |
$1,014,228 |
$— |
$1,014,228 |
See Notes to Financial Statements.
18 WisdomTree Digital Trust
Schedule of Investments WisdomTree TIPS Digital Fund (TIPSX) June 30, 2025
|
Investments |
Principal
|
Value | ||||
U.S. GOVERNMENT OBLIGATIONS – 95.8% |
|
|
||||
U.S. Treasury Inflation-Indexed Bonds – 36.4% |
|
|||||
2.00%, 1/15/26 |
$ |
50,000 |
$ |
80,977 | ||
3.63%, 4/15/28 |
|
40,000 |
|
84,372 | ||
2.13%, 2/15/41 |
|
72,700 |
|
104,304 | ||
1.38%, 2/15/44 |
|
17,000 |
|
19,666 | ||
0.13%, 2/15/52 |
|
99,400 |
|
61,251 | ||
Total U.S. Treasury Inflation-Indexed Bonds |
|
|
350,570 | |||
U.S. Treasury Inflation-Indexed Notes – 59.4% |
|
|||||
0.13%, 10/15/26 |
|
48,300 |
|
56,060 | ||
0.88%, 1/15/29 |
|
87,000 |
|
108,842 | ||
0.13%, 1/15/30 |
|
248,200 |
|
292,079 | ||
0.63%, 7/15/32 |
|
40,000 |
|
41,199 | ||
1.13%, 1/15/33 |
|
70,800 |
|
72,858 | ||
Total U.S. Treasury Inflation-Indexed Notes |
|
|
571,038 | |||
TOTAL
INVESTMENTS IN SECURITIES – 95.8% |
|
921,608 | ||||
Other Assets less Liabilities – 4.2% |
|
|
40,550 | |||
NET ASSETS – 100.0% |
|
$ |
962,158 |
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
Active
|
Other
|
Significant
|
Total | |||||
Assets: |
||||||||
Investments in Securities |
||||||||
U.S. Government Obligations |
$— |
$921,608 |
$— |
$921,608 | ||||
Total Investments in Securities |
$— |
$921,608 |
$— |
$921,608 |
See Notes to Financial Statements.
WisdomTree Digital Trust 19
Schedule of Investments WisdomTree Government Money Market Digital Fund (WTGXX) June 30, 2025
|
Investments |
Principal
|
Value |
|||||
U.S. GOVERNMENT AGENCIES – 20.5% |
|
|
|||||
Federal Farm Credit Bank – 2.6% |
|
|
|||||
4.39%, 8/20/25(a) |
$ |
3,000,000 |
$ |
3,000,000 |
|||
4.46%, 9/5/25, (Secured Overnight Financing Rate + 0.065%)(a) |
|
100,000 |
|
100,000 |
|||
4.74%, 11/25/25, (Secured Overnight Financing Rate + 0.35%)(a) |
|
189,000 |
|
189,212 |
|||
4.44%, 1/28/26, (Secured Overnight Financing Rate + 0.05%)(a) |
|
5,000,000 |
|
5,000,051 |
|||
Total Federal Farm Credit Bank |
|
|
8,289,263 |
||||
Federal Home Loan Bank – 11.7% |
|
|
|||||
4.40%, 7/11/25, (Secured Overnight Financing Rate + 0.005%)(a) |
|
4,000,000 |
|
3,999,998 |
|||
4.40%, 8/7/25, (Secured Overnight Financing Rate + 0.005%)(a) |
|
2,000,000 |
|
2,000,000 |
|||
4.44%, 8/21/25, (Secured Overnight Financing Rate + 0.05%)(a) |
|
100,000 |
|
100,000 |
|||
4.38%, 10/2/25, (Secured Overnight Financing Rate - 0.01%)(a) |
|
25,000,000 |
|
25,000,000 |
|||
4.55%, 10/20/25, (Secured Overnight Financing Rate + 0.16%)(a) |
|
650,000 |
|
650,176 |
|||
4.50%, 12/12/25 |
|
285,000 |
|
285,227 |
|||
4.54%, 1/2/26, (Secured Overnight Financing Rate + 0.145%)(a) |
|
1,500,000 |
|
1,500,801 |
|||
4.52%, 2/23/26, (Secured Overnight Financing Rate + 0.125%)(a) |
|
700,000 |
|
700,354 |
|||
4.28%, 3/27/26 |
|
3,275,000 |
|
3,274,270 |
|||
Total Federal Home Loan Bank |
|
|
37,510,826 |
||||
Federal Home Loan Mortgage Corp. – 0.0% |
|
|
|||||
0.47%, 9/30/25 |
|
100,000 |
|
99,062 |
|||
Freddie Mac Discount Note – 6.2% |
|
|
|||||
4.30%, 7/9/25(b) |
|
20,000,000 |
|
19,981,178 |
|||
TOTAL
U.S. GOVERNMENT AGENCIES |
|
|
65,880,329 |
Investments |
Principal
|
Value |
|||||
U.S. GOVERNMENT OBLIGATIONS – 78.4% |
|
||||||
U.S. Treasury Bills – 54.7% |
|
|
|||||
4.49%, 8/7/25* |
$ |
80,000,000 |
$ |
79,637,742 |
|||
4.41%, 8/14/25* |
|
2,000,000 |
|
1,989,908 |
|||
4.49%, 8/26/25* |
|
15,000,000 |
|
14,897,392 |
|||
4.37%, 9/11/25* |
|
80,000,000 |
|
79,316,713 |
|||
Total U.S. Treasury Bills |
|
|
175,841,755 |
||||
U.S. Treasury Floating Rate Note – 23.7% |
|
|
|||||
4.41%, 7/31/25, (3-month U.S. Treasury Bill Money Market Yield + 0.125%)(a) |
|
76,000,000 |
|
76,004,529 |
|||
Total U.S. Treasury Floating Rate Note |
|
|
76,004,529 |
||||
TOTAL
U.S. GOVERNMENT OBLIGATIONS |
|
251,846,284 |
|||||
MUTUAL FUNDS – 6.8% |
|
|
|||||
United States – 6.8% |
|
|
|||||
BlackRock Liquidity FedFund, Institutional Shares, 4.22%(c) |
|
6,821,000 |
|
6,821,000 |
|||
MSILF Government Portfolio, Institutional Shares, 4.23%(c) |
|
15,000,000 |
|
15,000,000 |
|||
TOTAL
MUTUAL FUNDS |
|
|
21,821,000 |
||||
TOTAL
INVESTMENTS IN SECURITIES – 105.7%
|
|
339,547,613 |
|||||
Other Liabilities less Assets – (5.7)% |
|
|
(18,327,059 |
) | |||
NET ASSETS – 100.0% |
|
$ |
321,220,554 |
* Interest rate shown reflects the yield to maturity at the time of purchase.
(a) Rate shown reflects the accrual rate as of June 30, 2025 on securities with variable or step rates.
(b) Represents a zero coupon bond. Rate shown reflects the effective yield as of June 30, 2025.
(c) Rate shown represents annualized 7-day yield as of June 30, 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 |
||||||||
U.S. Government Agencies |
$— |
$ 65,880,329 |
$— |
$ 65,880,329 | ||||
U.S. Government Obligations |
— |
251,846,284 |
— |
251,846,284 | ||||
Mutual Funds |
— |
21,821,000 |
— |
21,821,000 | ||||
Total Investments in Securities |
$— |
$339,547,613 |
$— |
$339,547,613 |
See Notes to Financial Statements.
20 WisdomTree Digital Trust
Statements of Assets and Liabilities WisdomTree Digital Trust June 30, 2025
|
WisdomTree |
WisdomTree |
WisdomTree
|
WisdomTree | |||||||||
ASSETS: |
|
|
|
|
||||||||
Investments in securities, at cost |
$ |
— |
$ |
258,286 |
$ |
61,961 |
$ |
57,311 | ||||
Investments in affiliates, at cost (Note 3) |
|
1,010,884 |
|
360,213 |
|
120,262 |
|
131,763 | ||||
Investments in securities, at value |
|
— |
|
296,991 |
|
71,547 |
|
65,164 | ||||
Investments in affiliates, at value (Note 3) |
|
1,032,098 |
|
398,014 |
|
131,404 |
|
141,048 | ||||
Cash |
|
195 |
|
17,261 |
|
910 |
|
202 | ||||
Receivables: |
|
|
|
|
||||||||
Capital shares sold |
|
— |
|
25 |
|
— |
|
— | ||||
Total Assets |
|
1,032,293 |
|
712,291 |
|
203,861 |
|
206,414 | ||||
LIABILITIES: |
|
|
|
|
||||||||
Payables: |
|
|
|
|
||||||||
Investment securities purchased |
|
— |
|
— |
|
863 |
|
— | ||||
Advisory fees (Note 3) |
|
127 |
|
83 |
|
24 |
|
25 | ||||
Total Liabilities |
|
127 |
|
83 |
|
887 |
|
25 | ||||
NET ASSETS |
$ |
1,032,166 |
$ |
712,208 |
$ |
202,974 |
$ |
206,389 | ||||
NET ASSETS: |
|
|
|
|
||||||||
Paid-in capital |
$ |
1,008,100 |
$ |
633,336 |
$ |
181,700 |
$ |
188,769 | ||||
Total distributable earnings (loss) |
|
24,066 |
|
78,872 |
|
21,274 |
|
17,620 | ||||
NET ASSETS |
$ |
1,032,166 |
$ |
712,208 |
$ |
202,974 |
$ |
206,389 | ||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
|
100,810 |
|
58,129 |
|
17,574 |
|
18,153 | ||||
Net asset value per share |
$ |
10.24 |
$ |
12.25 |
$ |
11.55 |
$ |
11.37 |
See Notes to Financial Statements.
WisdomTree Digital Trust 21
Statements of Assets and Liabilities (continued) WisdomTree Digital Trust June 30, 2025
|
WisdomTree |
WisdomTree
|
WisdomTree |
WisdomTree | |||||||||||
ASSETS: |
|
|
|
|
|
| ||||||||
Investments in securities, at cost |
$ |
11,606,150 |
$ |
2,538,388 |
$ |
989,182 |
|
$ |
945,271 |
| ||||
Investments in securities, at value |
|
13,589,688 |
|
4,500,950 |
|
993,186 |
|
|
946,977 |
| ||||
Cash |
|
1,020,210 |
|
4,775 |
|
— |
|
|
— |
| ||||
Receivables: |
|
|
|
|
|
| ||||||||
Investment securities sold |
|
— |
|
— |
|
79,746 |
|
|
— |
| ||||
Dividends |
|
4,909 |
|
651 |
|
— |
|
|
— |
| ||||
Interest |
|
— |
|
— |
|
6,945 |
|
|
7,718 |
| ||||
Total Assets |
|
14,614,807 |
|
4,506,376 |
|
1,079,877 |
|
|
954,695 |
| ||||
LIABILITIES: |
|
|
|
|
|
| ||||||||
Payables: |
|
|
|
|
|
| ||||||||
Investment securities purchased |
|
975,323 |
|
— |
|
77,908 |
|
|
— |
| ||||
Advisory fees (Note 3) |
|
429 |
|
355 |
|
41 |
|
|
39 |
| ||||
Cash due to custodian |
|
— |
|
— |
|
7,681 |
|
|
88 |
| ||||
Total Liabilities |
|
975,752 |
|
355 |
|
85,630 |
|
|
127 |
| ||||
NET ASSETS |
$ |
13,639,055 |
$ |
4,506,021 |
$ |
994,247 |
|
$ |
954,568 |
| ||||
NET ASSETS: |
|
|
|
|
|
| ||||||||
Paid-in capital |
$ |
11,661,353 |
$ |
2,310,796 |
$ |
1,002,655 |
|
$ |
1,001,913 |
| ||||
Total distributable earnings (loss) |
|
1,977,702 |
|
2,195,225 |
|
(8,408 |
) |
|
(47,345 |
) | ||||
NET ASSETS |
$ |
13,639,055 |
$ |
4,506,021 |
$ |
994,247 |
|
$ |
954,568 |
| ||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
|
837,327 |
|
217,811 |
|
100,276 |
|
|
100,190 |
| ||||
Net asset value per share |
$ |
16.29 |
$ |
20.69 |
$ |
9.92 |
|
$ |
9.53 |
|
See Notes to Financial Statements.
22 WisdomTree Digital Trust
Statements of Assets and Liabilities (continued) WisdomTree Digital Trust June 30, 2025
|
WisdomTree |
WisdomTree |
WisdomTree |
WisdomTree | |||||||||||
ASSETS: |
|
|
|
|
|
| ||||||||
Investments in securities, at cost |
$ |
1,775,280 |
$ |
981,009 |
|
$ |
1,010,341 |
$ |
956,290 |
| ||||
Investments in securities, at value |
|
1,776,029 |
|
818,602 |
|
|
1,014,228 |
|
921,608 |
| ||||
Cash |
|
— |
|
— |
|
|
1,688 |
|
37,052 |
| ||||
Receivables: |
|
|
|
|
|
| ||||||||
Capital shares sold |
|
1,002 |
|
— |
|
|
— |
|
— |
| ||||
Interest |
|
13,661 |
|
5,086 |
|
|
8,691 |
|
3,538 |
| ||||
Total Assets |
|
1,790,692 |
|
823,688 |
|
|
1,024,607 |
|
962,198 |
| ||||
LIABILITIES: |
|
|
|
|
|
| ||||||||
Payables: |
|
|
|
|
|
| ||||||||
Advisory fees (Note 3) |
|
74 |
|
33 |
|
|
42 |
|
40 |
| ||||
Cash due to custodian |
|
18,253 |
|
8,628 |
|
|
— |
|
— |
| ||||
Total Liabilities |
|
18,327 |
|
8,661 |
|
|
42 |
|
40 |
| ||||
NET ASSETS |
$ |
1,772,365 |
$ |
815,027 |
|
$ |
1,024,565 |
$ |
962,158 |
| ||||
NET ASSETS: |
|
|
|
|
|
| ||||||||
Paid-in capital |
$ |
1,769,007 |
$ |
1,001,461 |
|
$ |
1,020,731 |
$ |
1,001,948 |
| ||||
Total distributable earnings (loss) |
|
3,358 |
|
(186,434 |
) |
|
3,834 |
|
(39,790 |
) | ||||
NET ASSETS |
$ |
1,772,365 |
$ |
815,027 |
|
$ |
1,024,565 |
$ |
962,158 |
| ||||
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
|
1,763,782 |
|
100,165 |
|
|
1,021,120 |
|
100,202 |
| ||||
Net asset value per share |
$ |
1.00 |
$ |
8.14 |
|
$ |
1.00 |
$ |
9.60 |
|
See Notes to Financial Statements.
WisdomTree Digital Trust 23
Statements of Assets and Liabilities (concluded) WisdomTree Digital Trust June 30, 2025
|
WisdomTree | |||
ASSETS: |
|
||
Investments in securities, at cost |
$ |
339,547,613 | |
Investments in securities, at value |
|
339,547,613 | |
Cash |
|
73 | |
Receivables: |
|
||
Investment securities sold |
|
23,894,747 | |
Dividends |
|
20,753 | |
Interest |
|
746,099 | |
Total Assets |
|
364,209,285 | |
LIABILITIES: |
|
||
Payables: |
|
||
Investment securities purchased |
|
41,887,300 | |
Distributions |
|
1,036,231 | |
Advisory fees (Note 3) |
|
65,200 | |
Total Liabilities |
|
42,988,731 | |
NET ASSETS |
$ |
321,220,554 | |
NET ASSETS: |
|
||
Paid-in capital |
$ |
321,182,082 | |
Total distributable earnings (loss) |
|
38,472 | |
NET ASSETS |
$ |
321,220,554 | |
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
|
321,182,082 | |
Net asset value per share |
$ |
1.00 |
See Notes to Financial Statements.
24 WisdomTree Digital Trust
Statements of Operations WisdomTree Digital Trust For the Year Ended June 30, 2025
|
WisdomTree |
WisdomTree |
WisdomTree |
WisdomTree | |||||||||||||
INVESTMENT INCOME: |
|
|
|
|
|
|
|
| ||||||||
Dividends |
$ |
— |
|
$ |
5,380 |
|
$ |
1,880 |
|
$ |
1,563 |
| ||||
Dividends from affiliates (Note 3) |
|
48,999 |
|
|
7,011 |
|
|
3,904 |
|
|
4,123 |
| ||||
Interest |
|
6 |
|
|
11 |
|
|
2 |
|
|
– |
| ||||
Total investment income |
|
49,005 |
|
|
12,402 |
|
|
5,786 |
|
|
5,686 |
| ||||
EXPENSES: |
|
|
|
|
|
|
|
| ||||||||
Advisory fees (Note 3) |
|
1,544 |
|
|
710 |
|
|
268 |
|
|
262 |
| ||||
Total expenses |
|
1,544 |
|
|
710 |
|
|
268 |
|
|
262 |
| ||||
Net investment income |
|
47,461 |
|
|
11,692 |
|
|
5,518 |
|
|
5,424 |
| ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
|
|
|
|
|
|
|
| ||||||||
Net realized gain (loss) from: |
|
|
|
|
|
|
|
| ||||||||
Investment transactions |
|
— |
|
|
(176 |
) |
|
82 |
|
|
(46 |
) | ||||
Investment transactions in affiliates (Note 3) |
|
(170 |
) |
|
(1,416 |
) |
|
(262 |
) |
|
(369 |
) | ||||
Net realized loss |
|
(170 |
) |
|
(1,592 |
) |
|
(180 |
) |
|
(415 |
) | ||||
Net increase (decrease) in net unrealized appreciation/depreciation: |
|
|
|
|
|
|
|
| ||||||||
Investment transactions |
|
— |
|
|
28,717 |
|
|
6,476 |
|
|
5,464 |
| ||||
Investment transactions in affiliates (Note 3) |
|
20,792 |
|
|
24,138 |
|
|
5,977 |
|
|
5,709 |
| ||||
Net increase in unrealized appreciation/depreciation |
|
20,792 |
|
|
52,855 |
|
|
12,453 |
|
|
11,173 |
| ||||
Net realized and unrealized gain on investments |
|
20,622 |
|
|
51,263 |
|
|
12,273 |
|
|
10,758 |
| ||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ |
68,083 |
|
$ |
62,955 |
|
$ |
17,791 |
|
$ |
16,182 |
|
See Notes to Financial Statements.
WisdomTree Digital Trust 25
Statements of Operations (continued) WisdomTree Digital Trust For the Year Ended June 30, 2025
|
WisdomTree |
WisdomTree |
WisdomTree |
WisdomTree | |||||||||||||
INVESTMENT INCOME: |
|
|
|
|
|
|
|
| ||||||||
Dividends |
$ |
57,108 |
|
$ |
25,912 |
|
$ |
— |
|
$ |
— |
| ||||
Interest |
|
24 |
|
|
21 |
|
|
37,216 |
|
|
37,150 |
| ||||
Less: Foreign withholding taxes on dividends |
|
(5 |
) |
|
(21 |
) |
|
— |
|
|
— |
| ||||
Total investment income |
|
57,127 |
|
|
25,912 |
|
|
37,216 |
|
|
37,150 |
| ||||
EXPENSES: |
|
|
|
|
|
|
|
| ||||||||
Advisory fees (Note 3) |
|
2,253 |
|
|
3,952 |
|
|
492 |
|
|
475 |
| ||||
Total expenses |
|
2,253 |
|
|
3,952 |
|
|
492 |
|
|
475 |
| ||||
Net investment income |
|
54,874 |
|
|
21,960 |
|
|
36,724 |
|
|
36,675 |
| ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
|
|
|
|
|
|
|
| ||||||||
Net realized gain (loss) from: |
|
|
|
|
|
|
|
| ||||||||
Investment transactions |
|
(5,251 |
) |
|
222,793 |
|
|
(1,864 |
) |
|
(15,163 |
) | ||||
Net realized gain (loss) |
|
(5,251 |
) |
|
222,793 |
|
|
(1,864 |
) |
|
(15,163 |
) | ||||
Net increase (decrease) in net unrealized appreciation/depreciation: |
|
|
|
|
|
|
|
| ||||||||
Investment transactions |
|
940,704 |
|
|
416,124 |
|
|
27,475 |
|
|
35,382 |
| ||||
Net increase in unrealized appreciation/depreciation |
|
940,704 |
|
|
416,124 |
|
|
27,475 |
|
|
35,382 |
| ||||
Net realized and unrealized gain on investments |
|
935,453 |
|
|
638,917 |
|
|
25,611 |
|
|
20,219 |
| ||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ |
990,327 |
|
$ |
660,877 |
|
$ |
62,335 |
|
$ |
56,894 |
|
See Notes to Financial Statements.
26 WisdomTree Digital Trust
Statements of Operations (continued) WisdomTree Digital Trust For the Year Ended June 30, 2025
|
WisdomTree |
WisdomTree |
WisdomTree |
WisdomTree | |||||||||||
INVESTMENT INCOME: |
|
|
|
|
|
| ||||||||
Interest |
$ |
79,343 |
$ |
36,349 |
|
$ |
39,728 |
$ |
36,887 |
| ||||
Total investment income |
|
79,343 |
|
36,349 |
|
|
39,728 |
|
36,887 |
| ||||
EXPENSES: |
|
|
|
|
|
| ||||||||
Advisory fees (Note 3) |
|
845 |
|
422 |
|
|
505 |
|
483 |
| ||||
Total expenses |
|
845 |
|
422 |
|
|
505 |
|
483 |
| ||||
Net investment income |
|
78,498 |
|
35,927 |
|
|
39,223 |
|
36,404 |
| ||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
|
|
|
|
|
| ||||||||
Net realized gain (loss) from: |
|
|
|
|
|
| ||||||||
Investment transactions |
|
135 |
|
(17,377 |
) |
|
2,094 |
|
(2,317 |
) | ||||
Net realized gain (loss) |
|
135 |
|
(17,377 |
) |
|
2,094 |
|
(2,317 |
) | ||||
Net increase (decrease) in net unrealized appreciation/depreciation: |
|
|
|
|
|
| ||||||||
Investment transactions |
|
136 |
|
(14,366 |
) |
|
13,678 |
|
15,222 |
| ||||
Net increase (decrease) in unrealized appreciation/depreciation |
|
136 |
|
(14,366 |
) |
|
13,678 |
|
15,222 |
| ||||
Net realized and unrealized gain (loss) on investments |
|
271 |
|
(31,743 |
) |
|
15,772 |
|
12,905 |
| ||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ |
78,769 |
$ |
4,184 |
|
$ |
54,995 |
$ |
49,309 |
|
See Notes to Financial Statements.
WisdomTree Digital Trust 27
Statements of Operations (concluded) WisdomTree Digital Trust For the Year Ended June 30, 2025
|
WisdomTree | |||
INVESTMENT INCOME: |
|
||
Dividends |
$ |
102,106 | |
Interest |
|
2,906,609 | |
Total investment income |
|
3,008,715 | |
EXPENSES: |
|
||
Advisory fees (Note 3) |
|
172,516 | |
Total expenses |
|
172,516 | |
Net investment income |
|
2,836,199 | |
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
|
||
Net realized gain (loss) from: |
|
||
Investment transactions |
|
45,005 | |
Net realized gain |
|
45,005 | |
Net increase (decrease) in net unrealized appreciation/depreciation: |
|
||
Investment transactions |
|
— | |
Net realized and unrealized gain on investments |
|
45,005 | |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ |
2,881,204 |
See Notes to Financial Statements.
28 WisdomTree Digital Trust
Statements of Changes in Net Assets WisdomTree Digital Trust
|
WisdomTree
Short-Duration |
WisdomTree
Siegel Global Equity | |||||||||||||||
For
the |
For
the |
For
the |
For
the Period | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
Net investment income |
$ |
47,461 |
|
$ |
42,545 |
|
$ |
11,692 |
|
$ |
5,389 |
| ||||
Net realized gain (loss) on investments |
|
(170 |
) |
|
(68 |
) |
|
(1,592 |
) |
|
1,658 |
| ||||
Net increase in net unrealized appreciation/depreciation on investments |
|
20,792 |
|
|
12,979 |
|
|
52,855 |
|
|
23,651 |
| ||||
Net increase in net assets resulting from operations |
|
68,083 |
|
|
55,456 |
|
|
62,955 |
|
|
30,698 |
| ||||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
Distributable earnings |
|
(48,272 |
) |
|
(41,785 |
) |
|
(11,111 |
) |
|
(3,685 |
) | ||||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
Net proceeds from sale of shares |
|
14,128 |
|
|
9,641 |
|
|
276,239 |
|
|
364,986 |
| ||||
Cost of shares redeemed |
|
(12,682 |
) |
|
(3,471 |
) |
|
(6,226 |
) |
|
(1,648 |
) | ||||
Net increase in net assets resulting from capital share transactions |
|
1,446 |
|
|
6,170 |
|
|
270,013 |
|
|
363,338 |
| ||||
Net Increase in Net Assets |
|
21,257 |
|
|
19,841 |
|
|
321,857 |
|
|
390,351 |
| ||||
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
Beginning of period |
$ |
1,010,909 |
|
$ |
991,068 |
|
$ |
390,351 |
|
$ |
— |
| ||||
End of period |
$ |
1,032,166 |
|
$ |
1,010,909 |
|
$ |
712,208 |
|
$ |
390,351 |
| ||||
SHARES SOLD AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
Shares outstanding, beginning of period |
|
100,668 |
|
|
100,055 |
|
|
34,783 |
|
|
— |
| ||||
Shares sold |
|
1,387 |
|
|
961 |
|
|
23,873 |
|
|
34,932 |
| ||||
Shares redeemed |
|
(1,245 |
) |
|
(348 |
) |
|
(527 |
) |
|
(149 |
) | ||||
Shares outstanding, end of period |
|
100,810 |
|
|
100,668 |
|
|
58,129 |
|
|
34,783 |
|
* Commencement of operations.
See Notes to Financial Statements.
WisdomTree Digital Trust 29
Statements of Changes in Net Assets (continued) WisdomTree Digital Trust
|
WisdomTree
Siegel Longevity |
WisdomTree
Siegel Moderate | |||||||||||||||
For
the |
For
the Period |
For
the |
For
the Period | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
Net investment income |
$ |
5,518 |
|
$ |
2,766 |
|
$ |
5,424 |
|
$ |
2,508 |
| ||||
Net realized gain (loss) on investments |
|
(180 |
) |
|
850 |
|
|
(415 |
) |
|
884 |
| ||||
Net increase in net unrealized appreciation/depreciation on investments |
|
12,453 |
|
|
8,275 |
|
|
11,173 |
|
|
5,965 |
| ||||
Net increase in net assets resulting from operations |
|
17,791 |
|
|
11,891 |
|
|
16,182 |
|
|
9,357 |
| ||||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
Distributable earnings |
|
(6,314 |
) |
|
(2,102 |
) |
|
(5,992 |
) |
|
(1,933 |
) | ||||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
Net proceeds from sale of shares |
|
65,003 |
|
|
165,677 |
|
|
58,703 |
|
|
138,984 |
| ||||
Cost of shares redeemed |
|
(45,245 |
) |
|
(3,727 |
) |
|
(7,812 |
) |
|
(1,100 |
) | ||||
Net increase in net assets resulting from capital share transactions |
|
19,758 |
|
|
161,950 |
|
|
50,891 |
|
|
137,884 |
| ||||
Net Increase in Net Assets |
|
31,235 |
|
|
171,739 |
|
|
61,081 |
|
|
145,308 |
| ||||
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
Beginning of period |
$ |
171,739 |
|
$ |
— |
|
$ |
145,308 |
|
$ |
— |
| ||||
End of period |
$ |
202,974 |
|
$ |
171,739 |
|
$ |
206,389 |
|
$ |
145,308 |
| ||||
SHARES SOLD AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
Shares outstanding, beginning of period |
|
15,780 |
|
|
— |
|
|
13,558 |
|
|
— |
| ||||
Shares sold |
|
5,838 |
|
|
16,123 |
|
|
5,304 |
|
|
13,662 |
| ||||
Shares redeemed |
|
(4,044 |
) |
|
(343 |
) |
|
(709 |
) |
|
(104 |
) | ||||
Shares outstanding, end of period |
|
17,574 |
|
|
15,780 |
|
|
18,153 |
|
|
13,558 |
|
* Commencement of operations.
See Notes to Financial Statements.
30 WisdomTree Digital Trust
Statements of Changes in Net Assets (continued) WisdomTree Digital Trust
|
WisdomTree 500 Digital Fund |
WisdomTree
Technology and | |||||||||||||||
For
the |
For
the |
For
the |
For
the | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
Net investment income |
$ |
54,874 |
|
$ |
43,538 |
|
$ |
21,960 |
|
$ |
19,411 |
| ||||
Net realized gain (loss) on investments |
|
(5,251 |
) |
|
(4,001 |
) |
|
222,793 |
|
|
116,780 |
| ||||
Net increase in net unrealized appreciation/depreciation on investments |
|
940,704 |
|
|
694,031 |
|
|
416,124 |
|
|
890,427 |
| ||||
Net increase in net assets resulting from operations |
|
990,327 |
|
|
733,568 |
|
|
660,877 |
|
|
1,026,618 |
| ||||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
Distributable earnings |
|
(51,990 |
) |
|
(41,292 |
) |
|
(31,559 |
) |
|
(134,406 |
) | ||||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
Net proceeds from sale of shares |
|
9,179,806 |
|
|
27,606 |
|
|
276,494 |
|
|
100,184 |
| ||||
Cost of shares redeemed |
|
(39,801 |
) |
|
(6,257 |
) |
|
(60,235 |
) |
|
(5,655 |
) | ||||
Net increase in net assets resulting from capital share transactions |
|
9,140,005 |
|
|
21,349 |
|
|
216,259 |
|
|
94,529 |
| ||||
Net Increase in Net Assets |
|
10,078,342 |
|
|
713,625 |
|
|
845,577 |
|
|
986,741 |
| ||||
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
Beginning of year |
$ |
3,560,713 |
|
$ |
2,847,088 |
|
$ |
3,660,444 |
|
$ |
2,673,703 |
| ||||
End of year |
$ |
13,639,055 |
|
$ |
3,560,713 |
|
$ |
4,506,021 |
|
$ |
3,660,444 |
| ||||
SHARES SOLD AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
Shares outstanding, beginning of year |
|
251,781 |
|
|
250,024 |
|
|
206,166 |
|
|
200,004 |
| ||||
Shares sold |
|
588,164 |
|
|
2,253 |
|
|
14,842 |
|
|
6,544 |
| ||||
Shares redeemed |
|
(2,618 |
) |
|
(496 |
) |
|
(3,197 |
) |
|
(382 |
) | ||||
Shares outstanding, end of year |
|
837,327 |
|
|
251,781 |
|
|
217,811 |
|
|
206,166 |
|
See Notes to Financial Statements.
WisdomTree Digital Trust 31
Statements of Changes in Net Assets (continued) WisdomTree Digital Trust
|
WisdomTree
3-7 Year Treasury |
WisdomTree
7-10 Year Treasury | |||||||||||||||
For
the |
For
the |
For
the |
For
the | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
Net investment income |
$ |
36,724 |
|
$ |
35,267 |
|
$ |
36,675 |
|
$ |
34,189 |
| ||||
Net realized loss on investments |
|
(1,864 |
) |
|
(10,022 |
) |
|
(15,163 |
) |
|
(30,392 |
) | ||||
Net increase (decrease) in net unrealized appreciation/depreciation on investments |
|
27,475 |
|
|
3,253 |
|
|
35,382 |
|
|
(2,233 |
) | ||||
Net increase in net assets resulting from operations |
|
62,335 |
|
|
28,498 |
|
|
56,894 |
|
|
1,564 |
| ||||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
Distributable earnings |
|
(35,998 |
) |
|
(35,321 |
) |
|
(35,610 |
) |
|
(34,214 |
) | ||||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
Net proceeds from sale of shares |
|
3,201 |
|
|
1,717 |
|
|
1,982 |
|
|
4,445 |
| ||||
Cost of shares redeemed |
|
(1,580 |
) |
|
(637 |
) |
|
(1,026 |
) |
|
(3,518 |
) | ||||
Net increase in net assets resulting from capital share transactions |
|
1,621 |
|
|
1,080 |
|
|
956 |
|
|
927 |
| ||||
Net Increase (Decrease) in Net Assets |
|
27,958 |
|
|
(5,743 |
) |
|
22,240 |
|
|
(31,723 |
) | ||||
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
Beginning of year |
$ |
966,289 |
|
$ |
972,032 |
|
$ |
932,328 |
|
$ |
964,051 |
| ||||
End of year |
$ |
994,247 |
|
$ |
966,289 |
|
$ |
954,568 |
|
$ |
932,328 |
| ||||
SHARES SOLD AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
Shares outstanding, beginning of year |
|
100,112 |
|
|
100,000 |
|
|
100,088 |
|
|
100,003 |
| ||||
Shares sold |
|
325 |
|
|
177 |
|
|
210 |
|
|
468 |
| ||||
Shares redeemed |
|
(161 |
) |
|
(65 |
) |
|
(108 |
) |
|
(383 |
) | ||||
Shares outstanding, end of year |
|
100,276 |
|
|
100,112 |
|
|
100,190 |
|
|
100,088 |
|
See Notes to Financial Statements.
32 WisdomTree Digital Trust
Statements of Changes in Net Assets (continued) WisdomTree Digital Trust
|
WisdomTree
Floating Rate |
WisdomTree
Long-Term | |||||||||||||||
For the |
For
the |
For
the |
For
the | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
Net investment income |
$ |
78,498 |
|
$ |
70,125 |
|
$ |
35,927 |
|
$ |
35,828 |
| ||||
Net realized gain (loss) on investments |
|
135 |
|
|
(300 |
) |
|
(17,377 |
) |
|
(5,200 |
) | ||||
Net increase (decrease) in net unrealized appreciation/depreciation on investments |
|
136 |
|
|
302 |
|
|
(14,366 |
) |
|
(97,752 |
) | ||||
Net increase (decrease) in net assets resulting from operations |
|
78,769 |
|
|
70,127 |
|
|
4,184 |
|
|
(67,124 |
) | ||||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
Distributable earnings |
|
(77,136 |
) |
|
(69,699 |
) |
|
(34,864 |
) |
|
(35,901 |
) | ||||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
Net proceeds from sale of shares |
|
613,888 |
|
|
687,109 |
|
|
2,427 |
|
|
1,429 |
| ||||
Cost of shares redeemed |
|
(406,445 |
) |
|
(126,429 |
) |
|
(1,586 |
) |
|
(861 |
) | ||||
Net increase in net assets resulting from capital share transactions |
|
207,443 |
|
|
560,680 |
|
|
841 |
|
|
568 |
| ||||
Net Increase (Decrease) in Net Assets |
|
209,076 |
|
|
561,108 |
|
|
(29,839 |
) |
|
(102,457 |
) | ||||
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
Beginning of year |
$ |
1,563,289 |
|
$ |
1,002,181 |
|
$ |
844,866 |
|
$ |
947,323 |
| ||||
End of year |
$ |
1,772,365 |
|
$ |
1,563,289 |
|
$ |
815,027 |
|
$ |
844,866 |
| ||||
SHARES SOLD AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
Shares outstanding, beginning of year |
|
1,556,839 |
|
|
1,000,883 |
|
|
100,065 |
|
|
100,005 |
| ||||
Shares sold |
|
609,547 |
|
|
681,419 |
|
|
283 |
|
|
159 |
| ||||
Shares redeemed |
|
(402,604 |
) |
|
(125,463 |
) |
|
(183 |
) |
|
(99 |
) | ||||
Shares outstanding, end of year |
|
1,763,782 |
|
|
1,556,839 |
|
|
100,165 |
|
|
100,065 |
|
See Notes to Financial Statements.
WisdomTree Digital Trust 33
Statements of Changes in Net Assets (continued) WisdomTree Digital Trust
|
WisdomTree
Short-Term |
WisdomTree TIPS Digital Fund | |||||||||||||||
For
the |
For
the |
For
the |
For
the | |||||||||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
Net investment income |
$ |
39,223 |
|
$ |
41,143 |
|
$ |
36,404 |
|
$ |
49,672 |
| ||||
Net realized gain (loss) on investments |
|
2,094 |
|
|
(3,013 |
) |
|
(2,317 |
) |
|
(2,791 |
) | ||||
Net increase (decrease) in net unrealized appreciation/depreciation on investments |
|
13,678 |
|
|
4,466 |
|
|
15,222 |
|
|
(24,914 |
) | ||||
Net increase in net assets resulting from operations |
|
54,995 |
|
|
42,596 |
|
|
49,309 |
|
|
21,967 |
| ||||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
Distributable earnings |
|
(38,526 |
) |
|
(41,193 |
) |
|
(37,526 |
) |
|
(50,091 |
) | ||||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
Net proceeds from sale of shares |
|
26,374 |
|
|
99,012 |
|
|
3,420 |
|
|
1,825 |
| ||||
Cost of shares redeemed |
|
(9,090 |
) |
|
(95,672 |
) |
|
(1,838 |
) |
|
(1,469 |
) | ||||
Net increase in net assets resulting from capital share transactions |
|
17,284 |
|
|
3,340 |
|
|
1,582 |
|
|
356 |
| ||||
Net Increase (Decrease) in Net Assets |
|
33,753 |
|
|
4,743 |
|
|
13,365 |
|
|
(27,768 |
) | ||||
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
Beginning of year |
$ |
990,812 |
|
$ |
986,069 |
|
$ |
948,793 |
|
$ |
976,561 |
| ||||
End of year |
$ |
1,024,565 |
|
$ |
990,812 |
|
$ |
962,158 |
|
$ |
948,793 |
| ||||
SHARES SOLD AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
Shares outstanding, beginning of year |
|
1,003,914 |
|
|
1,000,102 |
|
|
100,038 |
|
|
100,003 |
| ||||
Shares sold |
|
26,279 |
|
|
100,137 |
|
|
355 |
|
|
188 |
| ||||
Shares redeemed |
|
(9,073 |
) |
|
(96,325 |
) |
|
(191 |
) |
|
(153 |
) | ||||
Shares outstanding, end of year |
|
1,021,120 |
|
|
1,003,914 |
|
|
100,202 |
|
|
100,038 |
|
See Notes to Financial Statements.
34 WisdomTree Digital Trust
Statements of Changes in Net Assets (concluded) WisdomTree Digital Trust
|
WisdomTree
Government Money | ||||||||
For
the |
For
the Period | |||||||
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
| ||||
Net investment income |
$ |
2,836,199 |
|
$ |
151,783 |
| ||
Net realized gain on investments |
|
45,005 |
|
|
1,846 |
| ||
Net increase from payment by sub-adviser |
|
— |
|
|
1,775 |
| ||
Net increase in net assets resulting from operations |
|
2,881,204 |
|
|
155,404 |
| ||
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
| ||||
Distributable earnings |
|
(2,844,578 |
) |
|
(153,558 |
) | ||
CAPITAL SHARE TRANSACTIONS: |
|
|
|
| ||||
Net proceeds from sale of shares |
|
321,359,990 |
|
|
5,676,473 |
| ||
Distributions reinvested |
|
692,656 |
|
|
129,826 |
| ||
Cost of shares redeemed |
|
(6,545,109 |
) |
|
(131,754 |
) | ||
Net increase in net assets resulting from capital share transactions |
|
315,507,537 |
|
|
5,674,545 |
| ||
Net Increase in Net Assets |
|
315,544,163 |
|
|
5,676,391 |
| ||
NET ASSETS: |
|
|
|
| ||||
Beginning of period |
$ |
5,676,391 |
|
$ |
— |
| ||
End of period |
$ |
321,220,554 |
|
$ |
5,676,391 |
| ||
SHARES SOLD AND REDEEMED: |
|
|
|
| ||||
Shares outstanding, beginning of period |
|
5,674,545 |
|
|
— |
| ||
Shares sold |
|
321,359,990 |
|
|
5,676,473 |
| ||
Shares reinvested |
|
692,656 |
|
|
129,826 |
| ||
Shares redeemed |
|
(6,545,109 |
) |
|
(131,754 |
) | ||
Shares outstanding, end of period |
|
321,182,082 |
|
|
5,674,545 |
|
* Commencement of operations.
See Notes to Financial Statements.
WisdomTree Digital Trust 35
Financial Highlights WisdomTree Digital Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree Short-Duration Income Digital Fund |
For
the |
For
the |
For
the Period | |||||||||
Net asset value, beginning of period |
$ |
10.04 |
|
$ |
9.91 |
|
$ |
10.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.47 |
|
|
0.42 |
|
|
0.18 |
| |||
Net realized and unrealized gain (loss) |
|
0.20 |
|
|
0.13 |
|
|
(0.13 |
) | |||
Total from investment operations |
|
0.67 |
|
|
0.55 |
|
|
0.05 |
| |||
Dividends and distributions to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.47 |
) |
|
(0.42 |
) |
|
(0.14 |
) | |||
Capital gains |
|
(0.00 |
)2 |
|
— |
|
|
— |
| |||
Total dividends and distributions to shareholders |
|
(0.47 |
) |
|
(0.42 |
) |
|
(0.14 |
) | |||
Net asset value, end of period |
$ |
10.24 |
|
$ |
10.04 |
|
$ |
9.91 |
| |||
TOTAL RETURN3 |
|
6.88 |
% |
|
5.60 |
% |
|
0.56 |
% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
1,032 |
|
$ |
1,011 |
|
$ |
991 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses4 |
|
0.15 |
% |
|
0.15 |
% |
|
0.15 |
%5 | |||
Net investment income |
|
4.61 |
% |
|
4.24 |
% |
|
4.00 |
%5 | |||
Portfolio turnover rate6 |
|
4 |
% |
|
14 |
% |
|
3 |
% |
WisdomTree Siegel Global Equity Digital Fund |
For
the |
For
the Period | ||||||
Net asset value, beginning of period |
$ |
11.22 |
|
$ |
10.00 |
| ||
Investment Operations: |
|
|
|
| ||||
Net investment income1 |
|
0.29 |
|
|
0.19 |
| ||
Net realized and unrealized gain |
|
1.02 |
|
|
1.16 |
| ||
Total from investment operations |
|
1.31 |
|
|
1.35 |
| ||
Dividends and distributions to shareholders: |
|
|
|
| ||||
Net investment income |
|
(0.23 |
) |
|
(0.13 |
) | ||
Capital gains |
|
(0.05 |
) |
|
— |
| ||
Total dividends and distributions to shareholders |
|
(0.28 |
) |
|
(0.13 |
) | ||
Net asset value, end of period |
$ |
12.25 |
|
$ |
11.22 |
| ||
TOTAL RETURN3 |
|
11.81 |
% |
|
13.54 |
% | ||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
| ||||
Net assets, end of period (000’s omitted) |
$ |
712 |
|
$ |
390 |
| ||
Ratio to average net assets of: |
|
|
|
| ||||
Expenses4 |
|
0.15 |
% |
|
0.15 |
%5 | ||
Net investment income |
|
2.47 |
% |
|
3.06 |
%5 | ||
Portfolio turnover rate6 |
|
13 |
% |
|
26 |
% |
* Commencement of operations.
1 Based on average shares outstanding.
2 Amount represents less than $0.005.
3 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period (excluding sales loads and/or account fees, if any), 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.
4 Does not include expenses of the underlying investment companies in which the Fund invests.
5 Annualized.
6 Portfolio turnover rate is not annualized for fiscal periods less than one year. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
See Notes to Financial Statements.
36 WisdomTree Digital Trust
Financial Highlights (continued) WisdomTree Digital Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree Siegel Longevity Digital Fund |
For
the |
For
the Period | ||||||
Net asset value, beginning of period |
$ |
10.88 |
|
$ |
10.00 |
| ||
Investment Operations: |
|
|
|
| ||||
Net investment income1 |
|
0.34 |
|
|
0.22 |
| ||
Net realized and unrealized gain |
|
0.73 |
|
|
0.82 |
| ||
Total from investment operations |
|
1.07 |
|
|
1.04 |
| ||
Dividends and distributions to shareholders: |
|
|
|
| ||||
Net investment income |
|
(0.32 |
) |
|
(0.16 |
) | ||
Capital gains |
|
(0.08 |
) |
|
— |
| ||
Total dividends and distributions to shareholders |
|
(0.40 |
) |
|
(0.16 |
) | ||
Net asset value, end of period |
$ |
11.55 |
|
$ |
10.88 |
| ||
TOTAL RETURN2 |
|
9.99 |
% |
|
10.40 |
% | ||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
| ||||
Net assets, end of period (000’s omitted) |
$ |
203 |
|
$ |
172 |
| ||
Ratio to average net assets of: |
|
|
|
| ||||
Expenses3 |
|
0.15 |
% |
|
0.15 |
%4 | ||
Net investment income |
|
3.09 |
% |
|
3.56 |
%4 | ||
Portfolio turnover rate5 |
|
33 |
% |
|
23 |
% |
WisdomTree Siegel Moderate Digital Fund |
For
the |
For
the Period | ||||||
Net asset value, beginning of period |
$ |
10.72 |
|
$ |
10.00 |
| ||
Investment Operations: |
|
|
|
| ||||
Net investment income1 |
|
0.34 |
|
|
0.22 |
| ||
Net realized and unrealized gain |
|
0.70 |
|
|
0.66 |
| ||
Total from investment operations |
|
1.04 |
|
|
0.88 |
| ||
Dividends and distributions to shareholders: |
|
|
|
| ||||
Net investment income |
|
(0.32 |
) |
|
(0.16 |
) | ||
Capital gains |
|
(0.07 |
) |
|
— |
| ||
Total dividends and distributions to shareholders |
|
(0.39 |
) |
|
(0.16 |
) | ||
Net asset value, end of period |
$ |
11.37 |
|
$ |
10.72 |
| ||
TOTAL RETURN2 |
|
9.78 |
% |
|
8.85 |
% | ||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
| ||||
Net assets, end of period (000’s omitted) |
$ |
206 |
|
$ |
145 |
| ||
Ratio to average net assets of: |
|
|
|
| ||||
Expenses3 |
|
0.15 |
% |
|
0.15 |
%4 | ||
Net investment income |
|
3.10 |
% |
|
3.74 |
%4 | ||
Portfolio turnover rate5 |
|
18 |
% |
|
66 |
% |
* Commencement of operations.
1 Based on average shares outstanding.
2 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period (excluding sales loads and/or account fees, if any), reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.
3 Does not include expenses of the underlying investment companies in which the Fund invests.
4 Annualized.
5 Portfolio turnover rate is not annualized for fiscal periods less than one year. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
See Notes to Financial Statements.
WisdomTree Digital Trust 37
Financial Highlights (continued) WisdomTree Digital Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree 500 Digital Fund |
For
the |
For
the |
For
the Period | |||||||||
Net asset value, beginning of period |
$ |
14.14 |
|
$ |
11.39 |
|
$ |
10.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.18 |
|
|
0.17 |
|
|
0.08 |
| |||
Net realized and unrealized gain |
|
2.13 |
|
|
2.74 |
|
|
1.39 |
| |||
Total from investment operations |
|
2.31 |
|
|
2.91 |
|
|
1.47 |
| |||
Dividends to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.16 |
) |
|
(0.16 |
) |
|
(0.08 |
) | |||
Tax return of capital |
|
— |
|
|
— |
|
|
(0.00 |
)2 | |||
Total dividends and distributions to shareholders |
|
(0.16 |
) |
|
(0.16 |
) |
|
(0.08 |
) | |||
Net asset value, end of period |
$ |
16.29 |
|
$ |
14.14 |
|
$ |
11.39 |
| |||
TOTAL RETURN3 |
|
16.41 |
% |
|
25.77 |
% |
|
14.74 |
% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
13,639 |
|
$ |
3,561 |
|
$ |
2,847 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses |
|
0.05 |
% |
|
0.05 |
% |
|
0.01 |
%4,5 | |||
Net investment income |
|
1.22 |
% |
|
1.40 |
% |
|
1.68 |
%4 | |||
Portfolio turnover rate6 |
|
3 |
% |
|
3 |
% |
|
1 |
% |
WisdomTree Technology and Innovation 100 Digital Fund |
For
the |
For
the |
For
the Period | |||||||||
Net asset value, beginning of period |
$ |
17.75 |
|
$ |
13.37 |
|
$ |
10.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.10 |
|
|
0.10 |
|
|
0.03 |
| |||
Net realized and unrealized gain |
|
2.99 |
|
|
4.95 |
|
|
3.34 |
| |||
Total from investment operations |
|
3.09 |
|
|
5.05 |
|
|
3.37 |
| |||
Dividends and distributions to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.10 |
) |
|
(0.08 |
) |
|
— |
| |||
Capital gains |
|
(0.05 |
) |
|
(0.59 |
) |
|
— |
| |||
Total dividends and distributions to shareholders |
|
(0.15 |
) |
|
(0.67 |
) |
|
— |
| |||
Net asset value, end of period |
$ |
20.69 |
|
$ |
17.75 |
|
$ |
13.37 |
| |||
TOTAL RETURN3 |
|
17.43 |
% |
|
39.21 |
% |
|
33.70 |
% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
4,506 |
|
$ |
3,660 |
|
$ |
2,674 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses |
|
0.10 |
% |
|
0.10 |
% |
|
0.10 |
%4 | |||
Net investment income |
|
0.56 |
% |
|
0.65 |
% |
|
0.64 |
%4 | |||
Portfolio turnover rate6 |
|
17 |
% |
|
17 |
% |
|
1 |
% |
* Commencement of operations.
1 Based on average shares outstanding.
2 Amount represents less than $0.005.
3 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period (excluding sales loads and/or account fees, if any), 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.
4 Annualized.
5 Prior to June 6, 2023, the Fund’s annual advisory fee rate was 0.00% and, thereafter, was increased to 0.05% per annum.
6 Portfolio turnover rate is not annualized for fiscal periods less than one year. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
See Notes to Financial Statements.
38 WisdomTree Digital Trust
Financial Highlights (continued) WisdomTree Digital Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree 3-7 Year Treasury Digital Fund |
For
the |
For
the |
For
the Period | |||||||||
Net asset value, beginning of period |
$ |
9.65 |
|
$ |
9.72 |
|
$ |
10.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.37 |
|
|
0.35 |
|
|
0.16 |
| |||
Net realized and unrealized gain (loss) |
|
0.26 |
|
|
(0.07) |
|
|
(0.29 |
) | |||
Total from investment operations |
|
0.63 |
|
|
0.28 |
|
|
(0.13 |
) | |||
Dividends to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.36 |
) |
|
(0.35 |
) |
|
(0.15 |
) | |||
Net asset value, end of period |
$ |
9.92 |
|
$ |
9.65 |
|
$ |
9.72 |
| |||
TOTAL RETURN2 |
|
6.61 |
% |
|
2.95 |
% |
|
(1.31 |
)% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
994 |
|
$ |
966 |
|
$ |
972 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses |
|
0.05 |
% |
|
0.05 |
% |
|
0.01 |
%3,4 | |||
Net investment income |
|
3.73 |
% |
|
3.64 |
% |
|
3.54 |
%3 | |||
Portfolio turnover rate5 |
|
164 |
% |
|
101 |
% |
|
13 |
% |
WisdomTree 7-10 Year Treasury Digital Fund |
For
the |
For
the |
For
the Period June 30, 2023 | |||||||||
Net asset value, beginning of period |
$ |
9.32 |
|
$ |
9.64 |
|
$ |
10.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.37 |
|
|
0.34 |
|
|
0.15 |
| |||
Net realized and unrealized gain (loss) |
|
0.20 |
|
|
(0.32 |
) |
|
(0.37 |
) | |||
Total from investment operations |
|
0.57 |
|
|
0.02 |
|
|
(0.22 |
) | |||
Dividends to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.36 |
) |
|
(0.34 |
) |
|
(0.14 |
) | |||
Net asset value, end of period |
$ |
9.53 |
|
$ |
9.32 |
|
$ |
9.64 |
| |||
TOTAL RETURN2 |
|
6.16 |
% |
|
0.24 |
% |
|
(2.18 |
)% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
955 |
|
$ |
932 |
|
$ |
964 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses |
|
0.05 |
% |
|
0.05 |
% |
|
0.01 |
%3,4 | |||
Net investment income |
|
3.86 |
% |
|
3.64 |
% |
|
3.41 |
%3 | |||
Portfolio turnover rate5 |
|
127 |
% |
|
79 |
% |
|
16 |
% |
* Commencement of operations.
1Based on average shares outstanding.
2Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period (excluding sales loads and/or account fees, if any), 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.
3Annualized.
4Prior to June 6, 2023, the Fund’s annual advisory fee rate was 0.00% and, thereafter, was increased to 0.05% per annum.
5Portfolio turnover rate is not annualized for fiscal periods less than one year. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
See Notes to Financial Statements.
WisdomTree Digital Trust 39
Financial Highlights (continued) WisdomTree Digital Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree Floating Rate Treasury Digital Fund |
For
the |
For
the |
For
the Period | |||||||||
Net asset value, beginning of period |
$ |
1.00 |
|
$ |
1.00 |
|
$ |
1.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.05 |
|
|
0.05 |
|
|
0.02 |
| |||
Net realized and unrealized gain |
|
0.00 |
2 |
|
0.00 |
2 |
|
0.00 |
2 | |||
Total from investment operations |
|
0.05 |
|
|
0.05 |
|
|
0.02 |
| |||
Dividends to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.05 |
) |
|
(0.05 |
) |
|
(0.02 |
) | |||
Net asset value, end of period |
$ |
1.00 |
|
$ |
1.00 |
|
$ |
1.00 |
| |||
TOTAL RETURN3 |
|
4.80 |
% |
|
5.52 |
% |
|
2.25 |
% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
1,772 |
|
$ |
1,563 |
|
$ |
1,002 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses |
|
0.05 |
% |
|
0.05 |
% |
|
0.01 |
%4,5 | |||
Net investment income |
|
4.64 |
% |
|
5.41 |
% |
|
4.90 |
%4 | |||
Portfolio turnover rate6 |
|
68 |
% |
|
78 |
% |
|
0 |
% |
WisdomTree Long-Term Treasury Digital Fund |
For
the |
For
the |
For
the Period | |||||||||
Net asset value, beginning of period |
$ |
8.44 |
|
$ |
9.47 |
|
$ |
10.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.36 |
|
|
0.36 |
|
|
0.16 |
| |||
Net realized and unrealized loss |
|
(0.31 |
) |
|
(1.03 |
) |
|
(0.54 |
) | |||
Total from investment operations |
|
0.05 |
|
|
(0.67 |
) |
|
(0.38 |
) | |||
Dividends to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.35 |
) |
|
(0.36 |
) |
|
(0.15 |
) | |||
Net asset value, end of period |
$ |
8.14 |
|
$ |
8.44 |
|
$ |
9.47 |
| |||
TOTAL RETURN3 |
|
0.54% |
|
|
(7.12 |
)% |
|
(3.77 |
)% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
815 |
|
$ |
845 |
|
$ |
947 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses |
|
0.05 |
% |
|
0.05 |
% |
|
0.01 |
%4,5 | |||
Net investment income |
|
4.25 |
% |
|
4.15 |
% |
|
3.74 |
%4 | |||
Portfolio turnover rate6 |
|
32 |
% |
|
6 |
% |
|
8 |
% |
* Commencement of operations.
1Based on average shares outstanding.
2Amount represents less than $0.005.
3Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period (excluding sales loads and/or account fees, if any), 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.
4Annualized.
5Prior to June 6, 2023, the Fund’s annual advisory fee rate was 0.00% and, thereafter, was increased to 0.05% per annum.
6Portfolio turnover rate is not annualized for fiscal periods less than one year. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
See Notes to Financial Statements.
40 WisdomTree Digital Trust
Financial Highlights (continued) WisdomTree Digital Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree Short-Term Treasury Digital Fund |
For
the |
For
the |
For
the Period | |||||||||
Net asset value, beginning of period |
$ |
0.99 |
|
$ |
0.99 |
|
$ |
1.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.04 |
|
|
0.04 |
|
|
0.02 |
| |||
Net realized and unrealized gain (loss) |
|
0.01 |
|
|
0.00 |
2 |
|
(0.01 |
) | |||
Total from investment operations |
|
0.05 |
|
|
0.04 |
|
|
0.01 |
| |||
Dividends to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.04 |
) |
|
(0.04 |
) |
|
(0.02 |
) | |||
Net asset value, end of period |
$ |
1.00 |
|
$ |
0.99 |
|
$ |
0.99 |
| |||
TOTAL RETURN3 |
|
5.61 |
% |
|
4.14 |
% |
|
0.77 |
% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
1,025 |
|
$ |
991 |
|
$ |
986 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses |
|
0.05 |
% |
|
0.05 |
% |
|
0.01 |
%4,5 | |||
Net investment income |
|
3.89 |
% |
|
4.01 |
% |
|
4.14 |
%4 | |||
Portfolio turnover rate6 |
|
183 |
% |
|
256 |
% |
|
30 |
% |
WisdomTree TIPS Digital Fund |
For
the |
For
the |
For
the Period | |||||||||
Net asset value, beginning of period |
$ |
9.48 |
|
$ |
9.77 |
|
$ |
10.00 |
| |||
Investment Operations: |
|
|
|
|
|
| ||||||
Net investment income1 |
|
0.36 |
|
|
0.50 |
|
|
0.25 |
| |||
Net realized and unrealized gain (loss) |
|
0.13 |
|
|
(0.29 |
) |
|
(0.24 |
) | |||
Total from investment operations |
|
0.49 |
|
|
0.21 |
|
|
0.01 |
| |||
Dividends and distributions to shareholders: |
|
|
|
|
|
| ||||||
Net investment income |
|
(0.37 |
) |
|
(0.50 |
) |
|
(0.24 |
) | |||
Capital gains |
|
— |
|
|
(0.00 |
)2 |
|
— |
| |||
Total dividends and distributions to shareholders |
|
(0.37 |
) |
|
(0.50 |
) |
|
(0.24 |
) | |||
Net asset value, end of period |
$ |
9.60 |
|
$ |
9.48 |
|
$ |
9.77 |
| |||
TOTAL RETURN3 |
|
5.27 |
% |
|
2.22 |
% |
|
0.08 |
% | |||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
| ||||||
Net assets, end of period (000’s omitted) |
$ |
962 |
|
$ |
949 |
|
$ |
977 |
| |||
Ratio to average net assets of: |
|
|
|
|
|
| ||||||
Expenses |
|
0.05 |
% |
|
0.05 |
% |
|
0.01 |
%4,5 | |||
Net investment income |
|
3.77 |
% |
|
5.18 |
% |
|
5.67 |
%4 | |||
Portfolio turnover rate6 |
|
5 |
% |
|
51 |
% |
|
38 |
% |
* Commencement of operations.
1 Based on average shares outstanding.
2 Amount represents less than $0.005.
3 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period (excluding sales loads and/or account fees, if any), 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.
4 Annualized.
5 Prior to June 6, 2023, the Fund’s annual advisory fee rate was 0.00% and, thereafter, was increased to 0.05% per annum.
6 Portfolio turnover rate is not annualized for fiscal periods less than one year. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
See Notes to Financial Statements.
WisdomTree Digital Trust 41
Financial Highlights (concluded) WisdomTree Digital Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
WisdomTree Government Money Market Digital Fund |
For
the |
For
the Period | ||||||
Net asset value, beginning of period |
$ |
1.00 |
|
$ |
1.00 |
| ||
Investment Operations: |
|
|
|
| ||||
Net investment income |
|
0.04 |
|
|
0.03 |
| ||
Net realized gain |
|
0.00 |
1 |
|
0.00 |
1 | ||
Net increase from payment by sub-adviser |
|
— |
|
|
0.00 |
1 | ||
Total from investment operations |
|
0.04 |
|
|
0.03 |
| ||
Dividends and distributions to shareholders: |
|
|
|
| ||||
Net investment income |
|
(0.04 |
) |
|
(0.03 |
) | ||
Capital gains |
|
(0.00 |
)1 |
|
— |
| ||
Total dividends and distributions to shareholders |
|
(0.04 |
) |
|
(0.03 |
) | ||
Net asset value, end of period |
$ |
1.00 |
|
$ |
1.00 |
| ||
TOTAL RETURN2 |
|
4.56 |
% |
|
3.38 |
%3 | ||
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
| ||||
Net assets, end of period (000’s omitted) |
$ |
321,221 |
|
$ |
5,676 |
| ||
Ratio to average net assets of: |
|
|
|
| ||||
Expenses |
|
0.25 |
% |
|
0.25 |
%4 | ||
Net investment income |
|
4.11 |
% |
|
5.08 |
%4 |
* Commencement of operations.
1 Amount represents less than $0.005.
2 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period (excluding sales loads and/or account fees, if any), reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.
3 Includes a reimbursement from the sub-advisor for an operational error. Excluding this reimbursement, total return would have been unchanged.
4 Annualized.
See Notes to Financial Statements.
42 WisdomTree Digital Trust
Notes to Financial Statements
|
1. ORGANIZATION
WisdomTree Digital 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 April 19, 2021 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 Short-Duration Income Digital Fund (“Short-Duration Income Digital Fund”) |
January 19, 2023 |
WisdomTree Siegel Global Equity Digital Fund (“Siegel Global Equity Digital Fund”) |
December 6, 2023 |
WisdomTree Siegel Longevity Digital Fund (“Siegel Longevity Digital Fund”) |
December 6, 2023 |
WisdomTree Siegel Moderate Digital Fund (“Siegel Moderate Digital Fund”) |
December 6, 2023 |
WisdomTree 500 Digital Fund (“500 Digital Fund”) |
January 19, 2023 |
WisdomTree Technology and Innovation 100 Digital Fund (“Technology and Innovation 100 Digital Fund”) |
January 19, 2023 |
WisdomTree 3-7 Year Treasury Digital Fund (“3-7 Year Treasury Digital Fund”) |
January 19, 2023 |
WisdomTree 7-10 Year Treasury Digital Fund (“7-10 Year Treasury Digital Fund”) |
January 19, 2023 |
WisdomTree Floating Rate Treasury Digital Fund (“Floating Rate Treasury Digital Fund”) |
January 19, 2023 |
WisdomTree Long-Term Treasury Digital Fund (“Long-Term Treasury Digital Fund”) |
January 19, 2023 |
WisdomTree Short-Term Treasury Digital Fund (“Short-Term Treasury Digital Fund”) |
December 14, 2022 |
WisdomTree TIPS Digital Fund (“TIPS Digital Fund”) |
January 19, 2023 |
WisdomTree Government Money Market Digital Fund (“Government Money Market Digital Fund”) |
November 7, 2023 |
Each Fund, except the Short-Duration Income Digital Fund, Siegel Global Equity Digital Fund, Siegel Longevity Digital Fund, Siegel Moderate Digital Fund and Government Money Market Digital 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 Digital Management, Inc. (“WTDM” or “Adviser”), 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, except the Technology and Innovation 100 Digital Fund, is considered to be diversified as defined under the 1940 Act. The Technology and Innovation 100 Digital Fund 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 each Fund’s net assets by the number of Fund shares outstanding. 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”). Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less and to-be-announced (“TBA”) securities) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers, except the Government Money Market Digital Fund. Broker-dealers or
WisdomTree Digital Trust 43
Notes to Financial Statements (continued)
|
independent pricing service providers, in determining the value of securities, may consider such factors as recent transactions, indications from yields and quoted prices from broker-dealers on similar securities, and market sentiment for the type of security. U.S. fixed income securities may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. 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. The Short-Duration Income Digital Fund, Siegel Global Equity Digital Fund, Siegel Longevity Digital Fund, and Siegel Moderate Digital Fund invest in exchange-traded funds (“ETFs” or “ETF”) which are valued at their last sale price or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF has not traded on its principal exchange.
Pursuant to Board-approved valuation procedures established by the Trust and WTDM, the Board has appointed WTDM 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, WTDM 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 WTDM 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.
The Government Money Market Digital Fund attempts to maintain a stable net asset value of $1.00 per share. There is no assurance, however, that the Fund will be able to maintain a stable net asset value of $1.00 per share. The Fund has adopted certain investment valuation and dividend/distribution policies in an attempt to enable it to do so. Under Rule 2a-7 under the 1940 Act, as amended (“Rule 2a-7”), the Government Money Market Digital Fund has adopted a policy to operate as a government money market fund. Under Rule 2a-7, a government money market fund invests substantially all of its total assets in cash, government securities, and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash and/or government securities). As a government money market fund, the Government Money Market Digital Fund values its investments at amortized cost unless the Valuation Designee determines that this does not represent fair value. Periodic review and monitoring of the valuation of the securities held by the Fund is performed in an effort to ensure that amortized cost approximates market value.
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)
44 WisdomTree Digital Trust
Notes to Financial Statements (continued)
|
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 or market activity; (vi) a security affected by currency controls or restrictions; (vii) fixed income securities valued by a broker-dealer or independent pricing service provider; and (viii) 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 each Fund’s NAV is computed and that may materially affect the value of each 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.
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 ended June 30, 2025, there were no significant transfers into or out of Level 3 of the fair value hierarchy.
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. Interest income (including amortization of premiums and accretion of discounts), less any foreign taxes withheld, is accrued daily. Generally, amortization of premiums and accretion of discounts are recognized daily using the effective interest method (also known as scientific amortization method). Dividend income (less foreign taxes withheld, if any) is recognized on the ex-dividend date. 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. In addition, the Funds generally will write-off interest receivable balances in default by the issuer as of the date any applicable interest payment grace period or forbearance period expires or as of the date any interest payment cancellation notification was publicly made available or when it becomes probable that interest will not be collected and the amount of uncollectable interest can be reasonably estimated.
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
WisdomTree Digital Trust 45
Notes to Financial Statements (continued)
|
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 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. The Government Money Market Digital Fund declares dividends of net investment income daily and reinvests dividends monthly in full and fractional additional shares of the Fund.
3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
The Adviser has overall responsibility for the general management and administration of the Trust. The Adviser provides an investment program for each Fund. The Adviser has arranged for Voya Investment Management Co., LLC (“Voya”) to provide sub-advisory services to the 3-7 Year Treasury Digital Fund, 7-10 Year Treasury Digital Fund, Floating Rate Treasury Digital Fund, Long-Term Treasury Digital Fund, Short-Term Treasury Digital Fund, TIPS Digital Fund, and Government Money Market Digital Fund. The Adviser has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Short-Duration Income Digital Fund, Siegel Global Equity Digital Fund, Siegel Longevity Digital Fund, Siegel Moderate Digital Fund, 500 Digital Fund, and Technology and Innovation 100 Digital Fund. Voya and Mellon are compensated by the Adviser at no additional cost to the Funds. The Adviser also arranges for transfer agency, custody, fund accounting, fund administration and all other 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. WisdomTree Transfers (“WT Transfers”) is the Funds’ transfer agent and is an affiliate of the Adviser. Under the investment advisory agreement for the Funds, the Adviser has agreed to pay generally all expenses of the Funds, subject to certain exceptions described in Note 4.
The advisory agreement between the Funds and the Adviser provides for an annual fee equal to a percentage of each Fund’s average daily net assets as shown in the table below:
Fund |
Advisory
|
Short-Duration Income Digital Fund |
0.15% |
Siegel Global Equity Digital Fund |
0.15% |
Siegel Longevity Digital Fund |
0.15% |
Siegel Moderate Digital Fund |
0.15% |
500 Digital Fund |
0.05% |
Technology and Innovation 100 Digital Fund |
0.10% |
3-7 Year Treasury Digital Fund |
0.05% |
7-10 Year Treasury Digital Fund |
0.05% |
Floating Rate Treasury Digital Fund |
0.05% |
Long-Term Treasury Digital Fund |
0.05% |
Short-Term Treasury Digital Fund |
0.05% |
TIPS Digital Fund |
0.05% |
Government Money Market Digital Fund |
0.25% |
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 June 30, 2025, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments.
Each series fund of the WisdomTree Trust, an open-end management investment company under the 1940 Act and an affiliate of the Trust, participates in a securities lending program administered by The Bank of New York (the “Lending Agent”), pursuant to which it may lend its portfolio securities to certain creditworthy borrowers which are secured by collateral in an amount at least equal to the market value of the loaned securities. Each WisdomTree Trust fund has permitted the Lending Agent to invest any cash collateral received in short-term, highly liquid investments, such as U.S. government securities, repurchase agreements
46 WisdomTree Digital Trust
Notes to Financial Statements (continued)
|
collateralized by U.S. government securities, and government money market funds. During the fiscal year ended June 30, 2025, the Government Money Market Digital Fund was utilized as a cash collateral investment vehicle pursuant to the WisdomTree Trust securities lending program. At June 30, 2025, a total of 99,990,000 shares (approximately 31%) of the Government Money Market Digital Fund’s outstanding shares were held by affiliate funds pursuant to the WisdomTree Trust securities lending program.
WTDM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended June 30, 2025, WT held shares of and received distributions from the following Funds:
Fund |
At June 30, 2025 |
For
the fiscal year | |
Fund
Shares |
Market
Value of |
Dividends
and | |
Short-Duration Income Digital Fund |
100,000 |
$1,023,870 |
$ 47,827 |
Siegel Global Equity Digital Fund |
10,000 |
122,523 |
2,812 |
Siegel Longevity Digital Fund |
10,000 |
115,494 |
4,011 |
Siegel Moderate Digital Fund |
10,000 |
113,697 |
3,834 |
500 Digital Fund |
250,000 |
4,072,225 |
39,742 |
Technology and Innovation 100 Digital Fund |
200,000 |
4,137,540 |
29,833 |
3-7 Year Treasury Digital Fund |
100,000 |
991,510 |
35,928 |
7-10 Year Treasury Digital Fund |
100,000 |
952,760 |
35,566 |
Floating Rate Treasury Digital Fund |
1,000,000 |
1,004,900 |
46,505 |
Long-Term Treasury Digital Fund |
100,000 |
813,690 |
34,822 |
Short-Term Treasury Digital Fund |
1,000,000 |
1,003,400 |
38,155 |
TIPS Digital Fund |
100,000 |
960,220 |
37,464 |
Government Money Market Digital Fund |
5,250,872 |
5,250,872 |
232,834 |
4. EXPENSES, ORGANIZATION AND OFFERING COSTS
Under the investment advisory agreement in accordance with the unitary fee structure, the Adviser has agreed to pay all of the Funds’ organization costs and all of the Funds’ offering costs. Additionally, the Adviser 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 (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); (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 the trustees of the Trust who are not officers, directors/trustees, partners or employees of the Adviser or its affiliates (the “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 (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, if any; (x) fees and expenses under any separate fund services agreement entered into between the Adviser or its affiliates and the Trust or any Fund; and (xi) the advisory fee, if any, payable to the Adviser. The internal expenses of pooled investment vehicles in which a Fund may invest (acquired fund fees and expenses) are not expenses of the Trust and are not paid by the Adviser. The payment or assumption by the Adviser of any expense of the Trust that the Adviser is not required by the investment advisory agreement to pay or assume shall not obligate the Adviser to pay or assume the same or any similar expense of the Trust on any subsequent occasion.
Pursuant to a separate contractual arrangement, WTDM 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. For the year ending June 30, 2025, WTDM did not charge the Funds a fee (“Service fee”) for providing such services. Such Service fee may be increased upon approval by a majority of the Board of Trustees and, if such approval is provided, only after at least sixty (60) days’ prior notice of such approved fee shall have been provided to the Funds’ shareholders. The Service fee, if any, is shown on the Statements of Operations in “Service fees”. WTDM provides CCO services to the Trust.
WisdomTree Digital Trust 47
Notes to Financial Statements (continued)
|
5. CAPITAL SHARE TRANSACTIONS
As of June 30, 2025, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Transactions in shares for the Funds are disclosed in detail in the Statements of Changes in Net Assets. WT Transfers, the Funds’ transfer agent, maintains the official record of share ownership in book-entry form.
6. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales from short-term investments) for the fiscal year ended June 30, 2025 are shown in the following table.
Fund |
Non-U.S. Government Securities |
U.S. Government Securities | ||
Purchases |
Sales |
Purchases |
Sales | |
Short-Duration Income Digital Fund |
$ 44,638 |
$ 43,599 |
$ — |
$ — |
Siegel Global Equity Digital Fund |
325,577 |
71,588 |
— |
— |
Siegel Longevity Digital Fund |
79,861 |
59,614 |
— |
— |
Siegel Moderate Digital Fund |
81,843 |
30,761 |
— |
— |
500 Digital Fund |
9,262,012 |
161,961 |
— |
— |
Technology and Innovation 100 Digital Fund |
868,055 |
664,480 |
— |
— |
3-7 Year Treasury Digital Fund |
— |
— |
1,602,222 |
1,599,286 |
7-10 Year Treasury Digital Fund |
— |
— |
1,197,858 |
1,201,210 |
Floating Rate Treasury Digital Fund |
— |
— |
1,497,119 |
992,096 |
Long-Term Treasury Digital Fund |
— |
— |
275,651 |
265,425 |
Short-Term Treasury Digital Fund |
— |
— |
1,849,934 |
1,817,079 |
TIPS Digital Fund |
— |
— |
41,135 |
50,118 |
Government Money Market Digital Fund |
— |
— |
— |
— |
7. FEDERAL INCOME TAXES
At June 30, 2025, the cost of investments for Federal income tax purposes was as follows:
Fund |
Tax Cost |
Gross
|
Gross
|
Net
Unrealized |
Short-Duration Income Digital Fund |
$ 1,011,487 |
$ 22,043 |
$ (1,432) |
$ 20,611 |
Siegel Global Equity Digital Fund |
619,378 |
76,717 |
(1,090) |
75,627 |
Siegel Longevity Digital Fund |
182,678 |
21,022 |
(749) |
20,273 |
Siegel Moderate Digital Fund |
189,393 |
17,503 |
(684) |
16,819 |
500 Digital Fund |
11,612,442 |
2,179,912 |
(202,666) |
1,977,246 |
Technology and Innovation 100 Digital Fund |
2,542,778 |
2,054,356 |
(96,184) |
1,958,172 |
3-7 Year Treasury Digital Fund |
989,196 |
6,758 |
(2,768) |
3,990 |
7-10 Year Treasury Digital Fund |
950,253 |
9,057 |
(12,333) |
(3,276) |
Floating Rate Treasury Digital Fund |
1,775,298 |
997 |
(266) |
731 |
Long-Term Treasury Digital Fund |
981,088 |
1,492 |
(163,978) |
(162,486) |
Short-Term Treasury Digital Fund |
1,010,384 |
4,103 |
(259) |
3,844 |
TIPS Digital Fund |
956,290 |
5,686 |
(40,368) |
(34,682) |
Government Money Market Digital Fund |
339,547,613 |
— |
— |
— |
48 WisdomTree Digital Trust
Notes to Financial Statements (continued)
|
At June 30, 2025, the components of total distributable earnings (loss) on a tax-basis were as follows:
Fund |
Undistributed |
Undistributed |
Net Unrealized |
Currency and |
Other |
Total |
Short-Duration Income Digital Fund |
$ 3,548 |
$ (93) |
$ 20,611 |
$— |
$ — |
$ 24,066 |
Siegel Global Equity Digital Fund |
3,970 |
(725) |
75,627 |
— |
— |
78,872 |
Siegel Longevity Digital Fund |
1,001 |
— |
20,273 |
— |
— |
21,274 |
Siegel Moderate Digital Fund |
1,010 |
(209) |
16,819 |
— |
— |
17,620 |
500 Digital Fund |
5,743 |
(5,286) |
1,977,246 |
— |
(1) |
1,977,702 |
Technology and Innovation 100 Digital Fund |
30,252 |
206,801 |
1,958,172 |
— |
— |
2,195,225 |
3-7 Year Treasury Digital Fund |
1,337 |
(13,735) |
3,990 |
— |
— |
(8,408) |
7-10 Year Treasury Digital Fund |
1,676 |
(45,745) |
(3,276) |
— |
— |
(47,345) |
Floating Rate Treasury Digital Fund |
2,774 |
(147) |
731 |
— |
— |
3,358 |
Long-Term Treasury Digital Fund |
1,665 |
(25,613) |
(162,486) |
— |
— |
(186,434) |
Short-Term Treasury Digital Fund |
1,418 |
(1,428) |
3,844 |
— |
— |
3,834 |
TIPS Digital Fund |
— |
(5,108) |
(34,682) |
— |
— |
(39,790) |
Government Money Market Digital Fund |
1,074,703 |
— |
— |
— |
(1,036,231) |
38,472 |
1 The treatment of income distributions payable as of June 30, 2025 has been recognized for GAAP but disallowed for tax purposes. |
The tax character of distributions paid during the fiscal years ended June 30, 2025 and June 30, 2024, was as follows:
Fund |
Year Ended June 30, 2025 |
Year Ended June 30,2024 | |
Distributions |
Distributions |
Distributions | |
Short-Duration Income Digital Fund |
$ 48,247 |
$25 |
$ 41,785 |
Siegel Global Equity Digital Fund |
11,111 |
— |
3,685 |
Siegel Longevity Digital Fund |
6,314 |
— |
2,102 |
Siegel Moderate Digital Fund |
5,992 |
— |
1,933 |
500 Digital Fund |
51,990 |
— |
41,292 |
Technology and Innovation 100 Digital Fund |
31,559 |
— |
134,406 |
3-7 Year Treasury Digital Fund |
35,998 |
— |
35,321 |
7-10 Year Treasury Digital Fund |
35,610 |
— |
34,214 |
Floating Rate Treasury Digital Fund |
77,136 |
— |
69,699 |
Long-Term Treasury Digital Fund |
34,864 |
— |
35,901 |
Short-Term Treasury Digital Fund |
38,526 |
— |
41,193 |
TIPS Digital Fund |
37,526 |
— |
50,091 |
Government Money Market Digital Fund |
2,844,578 |
— |
153,558 |
* Includes short-term capital gains, if any. |
WisdomTree Digital Trust 49
Notes to Financial Statements (continued)
|
At June 30, 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 |
Short-Duration Income Digital Fund |
$ — |
$ — |
$ — |
Siegel Global Equity Digital Fund |
402 |
323 |
725 |
Siegel Longevity Digital Fund |
— |
— |
— |
Siegel Moderate Digital Fund |
191 |
18 |
209 |
500 Digital Fund |
2,759 |
2,527 |
5,286 |
Technology and Innovation 100 Digital Fund |
— |
— |
— |
3-7 Year Treasury Digital Fund |
6,414 |
7,321 |
13,735 |
7-10 Year Treasury Digital Fund |
13,114 |
32,631 |
45,745 |
Floating Rate Treasury Digital Fund |
147 |
— |
147 |
Long-Term Treasury Digital Fund |
9,910 |
15,703 |
25,613 |
Short-Term Treasury Digital Fund |
— |
1,428 |
1,428 |
TIPS Digital Fund |
2,815 |
2,293 |
5,108 |
Government Money Market Digital Fund |
— |
— |
— |
Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. During the fiscal year ended June 30, 2025, the following Funds incurred and will elect to defer post-October capital losses as shown in the below table. At June 30, 2025, the Funds did not have any late year ordinary losses to defer.
Fund |
Short-Term |
Long-Term |
Late
Year |
Short-Duration Income Digital Fund |
$14 |
$79 |
$— |
Siegel Global Equity Digital Fund |
— |
— |
— |
Siegel Longevity Digital Fund |
— |
— |
— |
Siegel Moderate Digital Fund |
— |
— |
— |
500 Digital Fund |
— |
— |
— |
Technology and Innovation 100 Digital Fund |
— |
— |
— |
3-7 Year Treasury Digital Fund |
— |
— |
— |
7-10 Year Treasury Digital Fund |
— |
— |
— |
Floating Rate Treasury Digital Fund |
— |
— |
— |
Long-Term Treasury Digital Fund |
— |
— |
— |
Short-Term Treasury Digital Fund |
— |
— |
— |
TIPS Digital Fund |
— |
— |
— |
Government Money Market Digital Fund |
— |
— |
— |
50 WisdomTree Digital Trust
Notes to Financial Statements (continued)
|
During the fiscal year ended June 30, 2025, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:
Fund |
Utilized Capital Loss
| |
Short-Duration Income Digital Fund |
$ — | |
Siegel Global Equity Digital Fund |
— | |
Siegel Longevity Digital Fund |
— | |
Siegel Moderate Digital Fund |
— | |
500 Digital Fund |
— | |
Technology and Innovation 100 Digital Fund |
— | |
3-7 Year Treasury Digital Fund |
— | |
7-10 Year Treasury Digital Fund |
— | |
Floating Rate Treasury Digital Fund |
107 | |
Long-Term Treasury Digital Fund |
— | |
Short-Term Treasury Digital Fund |
2,123 | |
TIPS Digital Fund |
— | |
Government Money Market Digital Fund |
— |
At June 30, 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 disallowed expenses.
Fund |
Total Distributable |
Paid-in Capital |
Short-Duration Income Digital Fund |
$69 |
$(69) |
Siegel Global Equity Digital Fund |
15 |
(15) |
Siegel Longevity Digital Fund |
8 |
(8) |
Siegel Moderate Digital Fund |
6 |
(6) |
500 Digital Fund |
2 |
(2) |
Technology and Innovation 100 Digital Fund |
— |
— |
3-7 Year Treasury Digital Fund |
— |
— |
7-10 Year Treasury Digital Fund |
— |
— |
Floating Rate Treasury Digital Fund |
— |
— |
Long-Term Treasury Digital Fund |
— |
— |
Short-Term Treasury Digital Fund |
— |
— |
TIPS Digital Fund |
20 |
(20) |
Government Money Market Digital Fund |
— |
— |
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 ended June 30, 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 June 30, 2025, remains subject to examination by taxing authorities. All open tax years remain subject to examination by taxing authorities.
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 leverages to assess the segment’s performance and to make decisions for each Fund’s single segment, is consistent with that presented with each Fund’s financial statements.
WisdomTree Digital Trust 51
Notes to Financial Statements (concluded)
|
9. SUBSEQUENT EVENTS
WTDM has evaluated all subsequent transactions and events through the date on which these financial statements were issued and has determined that no additional items require disclosure in these financial statements.
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.
52 WisdomTree Digital Trust
Report of Independent Registered Public Accounting Firm
|
To the Shareholders and the Board of Trustees of WisdomTree Digital Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of WisdomTree Digital Trust (the “Trust”) (comprising WisdomTree Short-Duration Income Digital Fund, WisdomTree Siegel Global Equity Digital Fund, WisdomTree Siegel Longevity Digital Fund, WisdomTree Siegel Moderate Digital Fund, WisdomTree 500 Digital Fund, WisdomTree Technology and Innovation 100 Digital Fund, WisdomTree 3-7 Year Treasury Digital Fund, WisdomTree 7-10 Year Treasury Digital Fund, WisdomTree Floating Rate Treasury Digital Fund, WisdomTree Long-Term Treasury Digital Fund, WisdomTree Short-Term Treasury Digital Fund, WisdomTree TIPS Digital Fund, and WisdomTree Government Money Market Digital Fund (collectively referred to as the “Funds”)), including the schedules of investments, as of June 30, 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 comprising WisdomTree Digital Trust at June 30, 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.
Funds comprising the WisdomTree Digital Trust |
Statement
of |
Statements
of changes |
Financial highlights |
WisdomTree Short-Term Treasury Digital Fund |
For the year ended June 30, 2025 |
For each of the two years in the period ended June 30, 2025 |
For each of the two years in the period ended June 30, 2025 and the period from December 14, 2022 (commencement of operations) through June 30, 2023 |
WisdomTree Short-Duration Income Digital Fund WisdomTree 500 Digital Fund WisdomTree Technology and Innovation 100 Digital Fund WisdomTree 3-7 Year Treasury Digital Fund WisdomTree 7-10 Year Treasury Digital Fund WisdomTree Floating Rate Treasury Digital Fund WisdomTree Long-Term Treasury Digital Fund WisdomTree TIPS Digital Fund |
For the year ended June 30, 2025 |
For each of the two years in the period ended June 30, 2025 |
For each of the two years in the period ended June 30, 2025 and the period from January 19, 2023 (commencement of operations) through June 30, 2023 |
WisdomTree Siegel Global Equity Digital Fund WisdomTree Siegel Longevity Digital Fund WisdomTree Siegel Moderate Digital Fund |
For the year ended June 30, 2025 |
For the year ended June 30, 2025 and for the period from December 6, 2023 (commencement of operations) through June 30, 2024 |
For the year ended June 30, 2025 and the period from December 6, 2023 (commencement of operations) through June 30, 2024 |
WisdomTree Government Money Market Digital Fund |
For the year ended June 30, 2025 |
For the year ended June 30, 2025 and for the period from November 7, 2023 (commencement of operations) through June 30, 2024 |
For the year ended June 30, 2025 and for the period from November 7, 2023 (commencement of operations) through June 30, 2024 |
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.
WisdomTree Digital Trust 53
Report of Independent Registered Public Accounting Firm (concluded)
|
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 June 30, 2025, by correspondence with the custodian and brokers; 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
August 27, 2025
54 WisdomTree Digital Trust
Supplemental Information (unaudited)
|
Federal Income Tax Information
The following Federal tax information related to the Funds’ fiscal year ended June 30, 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 June 30, 2025, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
Fund |
Qualified
Dividend |
Short-Duration Income Digital Fund |
$ — |
Siegel Global Equity Digital Fund |
7,825 |
Siegel Longevity Digital Fund |
2,299 |
Siegel Moderate Digital Fund |
1,809 |
500 Digital Fund |
45,854 |
Technology and Innovation 100 Digital Fund |
25,618 |
3-7 Year Treasury Digital Fund |
— |
7-10 Year Treasury Digital Fund |
— |
Floating Rate Treasury Digital Fund |
— |
Long-Term Treasury Digital Fund |
— |
Short-Term Treasury Digital Fund |
— |
TIPS Digital Fund |
— |
Government Money Market Digital Fund |
— |
The Funds designate the following amount of ordinary income distributions paid during the fiscal year ended June 30, 2025 from qualified short-term gains and qualified interest income:
Fund |
Qualified
|
Qualified
|
Short-Duration Income Digital Fund |
0.42% |
0.00% |
Siegel Global Equity Digital Fund |
15.03% |
0.00% |
Siegel Longevity Digital Fund |
17.82% |
0.00% |
Siegel Moderate Digital Fund |
16.64% |
0.00% |
500 Digital Fund |
0.00% |
0.00% |
Technology and Innovation 100 Digital Fund |
33.40% |
0.00% |
3-7 Year Treasury Digital Fund |
0.00% |
100.00% |
7-10 Year Treasury Digital Fund |
0.00% |
100.00% |
Floating Rate Treasury Digital Fund |
0.00% |
99.99% |
Long-Term Treasury Digital Fund |
0.00% |
99.99% |
Short-Term Treasury Digital Fund |
0.00% |
99.96% |
TIPS Digital Fund |
0.00% |
100.00% |
Government Money Market Digital Fund |
0.29% |
99.71% |
WisdomTree Digital Trust 55
Supplemental Information (unaudited) (concluded)
|
The following represents the percentage of dividends paid during the fiscal year ended June 30, 2025, that qualify for the 70% dividends received deduction for corporate shareholders:
Fund |
Dividends-Received
|
Short-Duration Income Digital Fund |
— |
Siegel Global Equity Digital Fund |
24.42% |
Siegel Longevity Digital Fund |
16.57% |
Siegel Moderate Digital Fund |
13.09% |
500 Digital Fund |
88.34% |
Technology and Innovation 100 Digital Fund |
34.14% |
3-7 Year Treasury Digital Fund |
— |
7-10 Year Treasury Digital Fund |
— |
Floating Rate Treasury Digital Fund |
— |
Long-Term Treasury Digital Fund |
— |
Short-Term Treasury Digital Fund |
— |
TIPS Digital Fund |
— |
Government Money Market Digital Fund |
— |
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended June 30, 2025. The gross foreign source income and foreign taxes paid are as follows:
Fund |
Gross
|
Foreign
|
Short-Duration Income Digital Fund |
$ — |
$ — |
Siegel Global Equity Digital Fund |
5,597 |
530 |
Siegel Longevity Digital Fund |
1,631 |
157 |
Siegel Moderate Digital Fund |
1,439 |
140 |
500 Digital Fund |
— |
— |
Technology and Innovation 100 Digital Fund |
— |
— |
3-7 Year Treasury Digital Fund |
— |
— |
7-10 Year Treasury Digital Fund |
— |
— |
Floating Rate Treasury Digital Fund |
— |
— |
Long-Term Treasury Digital Fund |
— |
— |
Short-Term Treasury Digital Fund |
— |
— |
TIPS Digital Fund |
— |
— |
Government Money Market Digital Fund |
— |
— |
56 WisdomTree Digital Trust
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.
Not applicable.
Item 11 of Form N-CSR: Statement Regarding Basis for Approval of Investment Advisory and Sub-Advisory Contracts.
At an in-person meeting held on June 9, 2025 (the “Meeting”), the Board of Trustees (the “Board” or the “Trustees”) of WisdomTree Digital Trust (the “Trust”), including the Trustees who are not “interested persons” as that term is defined in the Investment Company Act of 1940, as amended (the “Independent Trustees”), considered and approved the renewal of the Investment Advisory Agreement between the Trust, on behalf of the WisdomTree 3-7 Year Treasury Digital Fund, WisdomTree 7-10 Year Treasury Digital Fund, WisdomTree Floating Rate Treasury Digital Fund, WisdomTree Long-Term Treasury Digital Fund, WisdomTree Short-Term Treasury Digital Fund, WisdomTree TIPS Digital Fund, WisdomTree Government Money Market Digital Fund, WisdomTree Short-Duration Income Digital Fund, WisdomTree Siegel Global Equity Digital Fund, WisdomTree Siegel Longevity Digital Fund, WisdomTree Siegel Moderate Digital Fund, WisdomTree 500 Digital Fund, and WisdomTree Technology and Innovation 100 Digital Fund (each, a “Fund” and collectively, the “Funds”), and the WisdomTree Digital Management, Inc. (“WisdomTree” or the “Adviser”) (the “Advisory Agreement”) and the Investment Sub-advisory Agreements between WisdomTree and Voya Investment Management Co. LLC (“Voya”) with respect to WisdomTree 3-7 Year Treasury Digital Fund, WisdomTree 7-10 Year Treasury Digital Fund, WisdomTree Floating Rate Treasury Digital Fund, WisdomTree Long-Term Treasury Digital Fund, WisdomTree Short-Term Treasury Digital Fund, WisdomTree TIPS Digital Fund, WisdomTree Government Money Market Digital Fund; and between WisdomTree and Mellon Investments Corporation (“Mellon”) with respect to WisdomTree Short-Duration Income Digital Fund, WisdomTree Siegel Global Equity Digital Fund, WisdomTree Siegel Longevity Digital Fund, WisdomTree Siegel Moderate Digital Fund, WisdomTree 500 Digital Fund, and WisdomTree Technology and Innovation 100 Digital Fund (each, a “Sub-Advisory Agreement,” collectively the “Sub-advisory Agreements” and together with the Advisory Agreement, the “Agreements”) with respect to each applicable Fund.
In considering the renewal of the Advisory Agreement and the Sub-Advisory Agreements with respect to the Funds, the Board requested and received in advance of the meeting a variety of materials that the Board determined to be reasonably necessary to evaluate each of the Agreements, relating to the Funds, the Adviser and the Sub-Advisers. The Board reviewed and discussed the response materials provided by the Adviser and the Sub-Advisers in support of the consideration of each of the Agreements. The Independent Trustees separately met with independent legal counsel to review and discuss the response materials provided by the Adviser and Sub-Advisers in support of the consideration of the Advisory Agreement and Sub-Advisory Agreements, respectively, in advance of the Meeting.
At the Meeting, the Independent Trustees reported that they had previously met with independent legal counsel in executive session without the presence of any WisdomTree or Sub-Adviser personnel. The Board reported on WisdomTree’s, Voya’s and Mellon’s presentation at the Meeting highlighting that the WisdomTree, the Voya and the Mellon representatives, each had responded to relevant questions throughout. The Board noted the extensive discussions among the Board members, as well as the Independent Trustees having had met with independent counsel prior to the Meeting and in executive session at the Meeting, regarding their review of the response materials, and concluded that such discussions have left the Board satisfied that WisdomTree and each of the Sub-Advisers had provided detailed responses to the requests for information to allow for an informed decision regarding the renewal of each of the Advisory Agreement and Sub-Advisory Agreements. The Board reported their conclusion that the renewal of the Advisory Agreement and Sub-Advisory Agreements will continue to enable each applicable Fund to obtain high quality services at a cost that is appropriate, reasonable, and in the interests of investors. The Trustees also noted that the Board’s decision to approve the Advisory Agreement and Sub-Advisory Agreements was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at the Meeting and at other meetings of the Board throughout the year. Upon consideration of these and other factors, the Board also determined:
Nature, extent, and quality of services.
With respect to the Advisory and Sub-Advisory Agreements, the Board reviewed the strength and commitment of the Adviser, each Sub-Adviser and the relevant key investment professionals of the Funds, the cost structure of the Adviser and each Sub-Adviser, and the financial, risk management and compliance controls employed by each of the Adviser and the Sub-Advisers. The Board
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Additional Information (unaudited) (continued)
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also took into consideration the ongoing contractual commitment of Adviser’s parent company, WisdomTree, Inc., to financially support the Adviser and to cover the Adviser’s liabilities, as necessary. The Board recognized that the Adviser has invested and continues to invest significant time and effort in structuring the Trust and the Funds. The Board evaluated the Adviser’s and each Sub-Adviser’s services, their focus on the investment process, and the steps the Adviser and the Sub-Advisers, each has taken so that each applicable Fund will continue to be managed with the support of highly dedicated and experienced investment professionals. The Board also noted the experience, background, and reputation of each Fund’s portfolio management team. The Trustees discussed the ability of each Sub-Adviser to continue to manage the relevant Fund’s investments in accordance with the Fund’s stated investment objectives and policies, and the Adviser’s ability to effectively oversee such Sub-Advisers, as well as the other services provided by the Adviser and/or each Sub-Adviser to the applicable Fund that are necessary for the continued operation of that Fund. Additionally, the Trustees considered that the Adviser remained responsible for the management of the day-to-day operations of the Funds, including, but not limited to, general supervision and coordination of the services to be provided by the relevant Sub-Adviser, and also was responsible for monitoring and reviewing the activities of the Sub-Advisers and other third-party service providers. The Board further considered the Adviser’s knowledge, experience, and ability to oversee service providers both generally and with respect to the Funds’ transfer agent that utilizes blockchain technology in its operations. The Board concluded that the nature, extent and quality of the management and advisory service provided were necessary and appropriate and that the Adviser and Sub-Advisers may reasonably be expected to continue to provide a high quality of service under the Agreements.
Investment performance.
The Board noted that it considers the performance of each Fund versus each Fund’s performance benchmark, each Fund’s underlying index, if applicable, other investment companies to which the investment adviser or sub-adviser serves as investment adviser or sub-adviser, and any other accounts, including institutional accounts managed by either Voya or Mellon, if applicable. With respect to each individual fund, the Board observed the following:
WisdomTree 3-7 Year Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index for the three-month and year-to-date periods but underperformed for the one-year and since inception periods. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree 7-10 Year Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index for all periods but the one-year period where it underperformed the underlying index. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Floating Rate Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund achieved positive returns during all of the comparison periods. The Board acknowledged the Fund’s performance was consistent with the Fund’s underlying index for the three-month and year-to-date periods but underperformed for the one-year and since inception periods. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Long-Term Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index for all periods except for the since inception period. The Fund outperformed the underlying index for the one-year period. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Short-Term Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index for the three-month and year-to-date periods but underperformed for the one-year and since inception periods. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
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WisdomTree TIPS Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund achieved positive returns during all of the comparison periods. The Board acknowledged the Fund underperformed its underlying index for all periods. The Board noted that the Fund has only been in operation for a little over one year and determined to continue to monitor the Fund’s performance. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Government Money Market Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund achieved slightly underperformed its benchmark for all periods. The Board noted that the Fund has only been in operation for a little over two years and determined to continue to monitor the Fund’s performance.
WisdomTree Short-Duration Income Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year and since inception periods and acknowledged the Fund outperformed its broad-based securities market index for the one-month, one-year and since inception periods and underperformed for all other periods. The Fund also outperformed its other indices for the since inception period and underperformed for all other periods.
WisdomTree Siegel Global Equity Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year, and since inception periods and acknowledged the Fund outperformed its broad-based securities market index for the one-month, 3-month, and year-to-date periods and underperformed for all other periods. The Fund also underperformed its benchmark for all periods. The Board noted that the Fund has only been in operation for a little over one year and determined to continue to monitor the Fund’s performance.
WisdomTree Siegel Longevity Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year and since inception periods and acknowledged the Fund outperformed its broad-based securities market index for the one-month, three-month, year-to-date, periods and underperformed for the since inception period. The Fund also underperformed its benchmark for all periods. The Board noted that the Fund has only been in operation for a little over one year and determined to continue to monitor the Fund’s performance.
WisdomTree Siegel Moderate Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year and since inception periods and acknowledged the Fund underperformed its benchmark for all periods. The Board noted that the Fund has only been in operation for a little over one year and determined to continue to monitor the Fund’s performance.
WisdomTree 500 Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index, outperformed its benchmark for the one-year and since inception periods and underperformed for all other periods. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Technology and Innovation 100 Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index, outperformed its benchmark for the since inception period and underperformed for all other periods. The Board further noted the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
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In evaluating the performance of the Funds, the Board gave consideration to the short time period for which each Fund has been in existence and noted that it would continue to receive information from the Adviser and the Sub-Advisers regarding performance of each on a quarterly basis throughout the year. Further, the Board noted the Adviser’s experience as a manager-of-managers and its expertise and resources for monitoring the investment style, performance, and risk-adjusted performance of each Sub-Advisers. Following its deliberations, the Board determined that each Fund has performed as expected during the relevant periods.
Fees and expenses.
The Board reviewed information provided by the Adviser and Sub-Advisers regarding each Fund’s advisory fee and sub-advisory fee, respectively. The Board considered that pursuant to the Advisory Agreement, the Adviser has entered into a unitary advisory fee arrangement for each Fund. Under the unitary fee arrangement, Adviser is responsible for paying most of the expenses incurred by a Fund, including those of the Fund’s principal service providers and Sub-Advisers. In this regard, the Board further noted the commitment of the Adviser’s parent company to stand behind the obligations of the Adviser. The Board also acknowledged that the fee arrangements in the Advisory Agreement had standard carveouts for unitary fee arrangements noting that the Adviser would have a separate services agreement with the Trust that would cover non-advisory administrative services. The Board further noted that the Sub-Advisory Agreements include fee schedules that reduce the sub-advisory fee rates as assets increase. The Board acknowledged that any such reduction in sub-advisory fees rates would be to the benefit of the Adviser. The Board concluded that the advisory fees and sub-advisory fees paid by each Fund are reasonable in light of the nature, extent and quality of the services expected provided to each Fund under the Advisory Agreement and Sub-Advisory Agreements. They reviewed comparative information regarding fees for similar funds and observed the following:
WisdomTree 3-7 Year Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and mirrored the median of the peer group.
WisdomTree 7-10 Year Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and mirrored the median of the peer group.
WisdomTree Floating Rate Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were in line with the median, below the average of the peer group and overall were of the lowest in the peer group.
WisdomTree Long-Term Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and mirrored the median of the peer group.
WisdomTree Short-Term Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were in line with the median, below the average of the peer group and overall were of the lowest in the peer group.
WisdomTree TIPS Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than the average and the median of the peer group.
WisdomTree Government Money Market Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and the median of the peer group.
60 WisdomTree Digital Trust
Additional Information (unaudited) (continued)
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WisdomTree Short-Duration Income Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and the median of the peer group.
WisdomTree Siegel Global Equity Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than peer group average and median, as well as the lowest in the peer group.
WisdomTree Siegel Longevity Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than peer group average and median, as well as the lowest in the peer group.
WisdomTree Siegel Moderate Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than peer group average and median, as well as the lowest in the peer group.
WisdomTree 500 Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider. The Board noted the Fund’s total expenses were below the peer group median and the average.
WisdomTree Technology and Innovation 100 Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than peer group average and median, as well as the lowest in the peer group.
Profitability/Fall out benefits.
The Board also considered information provided by the Adviser regarding the cost of providing services to the Funds, and the benefits to the Adviser from its relationship with the Funds. They reviewed and considered the Adviser’s representations regarding the assumptions and methods of allocating certain costs in the provision of advisory and other services. The Board also took into account the significant investment by and cost to the Adviser regarding investment management infrastructure to support the Funds and other support for investors. The Board noted the Adviser was not yet profitable from its relationship with the Funds. The Board considered the Adviser’s commitment to the success of the Funds and the use of a unitary fee structure under which the Adviser bears the risk if certain of the Funds’ expenses increase or if a Fund’s assets fail to increase to a level sufficient to cover such expenses. The Board considered the effect of each Fund’s assets under management on the potential profitability of such Fund under the unitary fee structure in light of the costs associated with the personnel, systems and equipment necessary to manage the Funds and to meet the regulatory and compliance requirements of the SEC and other regulatory bodies, as well as other expenses the Adviser pays in accordance with the Advisory Agreement.
The Board also considered potential “fall-out” or ancillary benefits to the Adviser and Sub-Advisers as a result of their relationship with the Funds. The Board observed that the Adviser’s affiliate, a registered broker-dealer, received transaction fees for acting as a mutual fund retailer with respect to the Funds. Additionally, the Trustees considered the Adviser’s and its affiliates focus on “WisdomTree Prime” as a direct-to-consumer mobile phone distribution channel, as well as “WisdomTree Connect”, an investment portal for institutions, each of which may benefit from any positive promotional results or visibility of the Funds, among other benefits. The Board further noted that Adviser and Sub-Advisers may benefit from being associated with the Funds. The Board concluded that any potential benefits derived by the Advisers and Sub-Advisers from their relationship with the Funds, to the extent such benefits are identifiable or determinable, are reasonable and fair, result from the provision of appropriate services to the Funds and investors therein, and are consistent with industry practice and the best interests of each Fund and their shareholders.
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Economies of scale.
The Board considered that each Fund is managed by Adviser pursuant to unitary fee advisory agreement, pursuant to which the Adviser bears all of each Fund’s expenses, other than certain enumerated and extraordinary expenses. The Board noted, among other factors, the significant entrepreneurial risk and financial losses incurred by the Adviser in maintaining such Funds until they achieve the asset growth necessary to achieve profitability. The Board further noted that the sub-advisory fees under the Sub-Advisory Agreements do include asset level breakpoints as a means by which the Adviser would share in the benefits of potential economies of scale as the Funds’ assets grow. The Board also noted that the majority of other funds in each Funds’ peer groups do not include breakpoints in their fee structures, except for the WisdomTree Short-Duration Income Digital Fund and WisdomTree Siegel Global Equity Digital Fund as their peer group funds were equally split in terms of funds that do and those that do not include breakpoints in their fee structures. The Board also noted that breakpoints are not the exclusive means of sharing potential economies of scale and that generally the Funds compare favorably with respect to their peers from an expense standpoint. The Board further noted that it will continue to on an annual basis re-examine whether the Funds have achieved economies of scale and the appropriateness of the sub-advisory fees payable to each Sub-Adviser. The Board concluded that the Funds benefit from the investments made by the Adviser including the Adviser’s obligation to pay all expenses of the Funds (except certain enumerated and extraordinary expenses).
The Board noted that they were satisfied with the completeness of the information presented at the Meeting, and concluded that they had been provided with appropriately sufficient information to consider the approval of the Agreements. Taking into account all of the information received by the Board, the evaluation of all factors that it deemed to be material, including those factors described above, and assisted by the advice of independent counsel, the Board, including the Independent Trustees, agreed that in consideration of all the information provided, in light of a weighing and balancing of all factors reviewed, and in the exercise of the Trustees’ business judgment, in their totality and without any one factor being dispositive, approving the renewal of the Agreements was in the best interest of each Fund and its Shareholders.
62 WisdomTree Digital Trust
The WisdomTree Digital Funds are registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Digital Trust (“Trust”). WisdomTree Digital 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. Blockchain technology is a relatively new and untested technology, with little regulation. Potential risks include vulnerability to fraud, theft, or inaccessibility, and future regulatory developments effect its viability. A Fund focusing its investments on certain sectors increases its vulnerability to any single economic or regulatory development, which may result in greater share price volatility. U.S. Treasury obligations may provide relatively lower returns than those of other securities. Changes to the financial condition or credit rating of the U.S. government may cause the value to decline. Fixed income securities are subject interest rate, credit, inflation, and reinvestment risks. Generally, as interest rates rise, the value of fixed-income securities falls. Cybersecurity attacks affecting the Funds’ third-party service providers, App, blockchain network, or the issuers of securities in which the Funds invest may subject the Funds to many of the same risks associated with direct cybersecurity breaches. Please read each Fund’s prospectus for specific details regarding each Fund’s risk profile.
Indexes are unmanaged and you cannot invest directly in an index.
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.
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WisdomTree Digital Funds shares are distributed by Foreside Fund Services, LLC.
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Not applicable.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts.
At an in-person meeting held on June 9, 2025 (the “Meeting”), the Board of Trustees (the “Board” or the “Trustees”) of WisdomTree Digital Trust (the “Trust”), including the Trustees who are not “interested persons” as that term is defined in the Investment Company Act of 1940, as amended (the “Independent Trustees”), considered and approved the renewal of the Investment Advisory Agreement between the Trust, on behalf of the WisdomTree 3-7 Year Treasury Digital Fund, WisdomTree 7-10 Year Treasury Digital Fund, WisdomTree Floating Rate Treasury Digital Fund, WisdomTree Long-Term Treasury Digital Fund, WisdomTree Short-Term Treasury Digital Fund, WisdomTree TIPS Digital Fund, WisdomTree Government Money Market Digital Fund, WisdomTree Short-Duration Income Digital Fund, WisdomTree Siegel Global Equity Digital Fund, WisdomTree Siegel Longevity Digital Fund, WisdomTree Siegel Moderate Digital Fund, WisdomTree 500 Digital Fund, and WisdomTree Technology and Innovation 100 Digital Fund (each, a “Fund” and collectively, the “Funds”), and the WisdomTree Digital Management, Inc. (“WisdomTree” or the “Adviser”) (the “Advisory Agreement”) and the Investment Sub-advisory Agreements between WisdomTree and Voya Investment Management Co. LLC (“Voya”) with respect to WisdomTree 3-7 Year Treasury Digital Fund, WisdomTree 7-10 Year Treasury Digital Fund, WisdomTree Floating Rate Treasury Digital Fund, WisdomTree Long-Term Treasury Digital Fund, WisdomTree Short-Term Treasury Digital Fund, WisdomTree TIPS Digital Fund, WisdomTree Government Money Market Digital Fund; and between WisdomTree and Mellon Investments Corporation (“Mellon”) with respect to WisdomTree Short-Duration Income Digital Fund, WisdomTree Siegel Global Equity Digital Fund, WisdomTree Siegel Longevity Digital Fund, WisdomTree Siegel Moderate Digital Fund, WisdomTree 500 Digital Fund, and WisdomTree Technology and Innovation 100 Digital Fund (each, a “Sub-Advisory Agreement,” collectively the “Sub-advisory Agreements” and together with the Advisory Agreement, the “Agreements”) with respect to each applicable Fund.
In considering the renewal of the Advisory Agreement and the Sub-Advisory Agreements with respect to the Funds, the Board requested and received in advance of the meeting a variety of materials that the Board determined to be reasonably necessary to evaluate each of the Agreements, relating to the Funds, the Adviser and the Sub-Advisers. The Board reviewed and discussed the response materials provided by the Adviser and the Sub-Advisers in support of the consideration of each of the Agreements. The Independent Trustees separately met with independent legal counsel to review and discuss the response materials provided by the Adviser and Sub-Advisers in support of the consideration of the Advisory Agreement and Sub-Advisory Agreements, respectively, in advance of the Meeting.
At the Meeting, the Independent Trustees reported that they had previously met with independent legal counsel in executive session without the presence of any WisdomTree or Sub-Adviser personnel. The Board reported on WisdomTree’s, Voya’s and Mellon’s presentation at the Meeting highlighting that the WisdomTree, the Voya and the Mellon representatives, each had responded to relevant questions throughout. The Board noted the extensive discussions among the Board members, as well as the Independent Trustees having had met with independent counsel prior to the Meeting and in executive session at the Meeting, regarding their review of the response materials, and concluded that such discussions have left the Board satisfied that WisdomTree and each of the Sub-Advisers had provided detailed responses to the requests for information to allow for an informed decision regarding the renewal of each of the Advisory Agreement and Sub-Advisory Agreements. The Board reported their conclusion that the renewal of the Advisory Agreement and Sub-Advisory Agreements will continue to enable each applicable Fund to obtain high quality services at a cost that is appropriate, reasonable, and in the interests of investors. The Trustees also noted that the Board’s decision to approve the Advisory Agreement and Sub-Advisory Agreements was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at the Meeting and at other meetings of the Board throughout the year. Upon consideration of these and other factors, the Board also determined:
Nature, extent, and quality of services.
With respect to the Advisory and Sub-Advisory Agreements, the Board reviewed the strength and commitment of the Adviser, each Sub-Adviser and the relevant key investment professionals of the Funds, the cost structure of the Adviser and each Sub-Adviser, and the financial, risk management and compliance controls employed by each of the Adviser and the Sub-Advisers. The Board also took into consideration the ongoing contractual commitment of Adviser’s parent company, WisdomTree, Inc., to financially support the Adviser and to cover the Adviser’s liabilities, as necessary. The Board recognized that the Adviser has invested and continues to invest significant time and effort in structuring the Trust and the Funds. The Board evaluated the Adviser’s and each Sub-Adviser’s services, their focus on the investment process, and the steps the Adviser and the Sub-Advisers, each has taken so that each applicable Fund will continue to be managed with the support of highly dedicated and experienced investment professionals. The Board also noted the experience, background, and reputation of each Fund’s portfolio management team. The Trustees discussed the ability of each Sub-Adviser to continue to manage the relevant Fund’s investments in accordance with the Fund’s stated investment objectives and policies, and the Adviser’s ability to effectively oversee such Sub-Advisers, as well as the other services provided by the Adviser and/or each Sub-Adviser to the applicable Fund that are necessary for the continued operation of that Fund. Additionally, the Trustees considered that the Adviser remained responsible for the management of the day-to-day operations of the Funds, including, but not limited to, general supervision and coordination of the services to be provided by the relevant Sub-Adviser, and also was responsible for monitoring and reviewing the activities of the Sub-Advisers and other third-party service providers. The Board further considered the Adviser’s knowledge, experience, and ability to oversee service providers both generally and with respect to the Funds’ transfer agent that utilizes blockchain technology in its operations. The Board concluded that the nature, extent and quality of the management and advisory service provided were necessary and appropriate and that the Adviser and Sub-Advisers may reasonably be expected to continue to provide a high quality of service under the Agreements.
Investment performance.
The Board noted that it considers the performance of each Fund versus each Fund’s performance benchmark, each Fund’s underlying index, if applicable, other investment companies to which the investment adviser or sub-adviser serves as investment adviser or sub-adviser, and any other accounts, including institutional accounts managed by either Voya or Mellon, if applicable. With respect to each individual fund, the Board observed the following:
WisdomTree 3-7 Year Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index for the three-month and year-to-date periods but underperformed for the one-year and since inception periods. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree 7-10 Year Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index for all periods but the one-year period where it underperformed the underlying index. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Floating Rate Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund achieved positive returns during all of the comparison periods. The Board acknowledged the Fund’s performance was consistent with the Fund’s underlying index for the three-month and year-to-date periods but underperformed for the one-year and since inception periods. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Long-Term Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index for all periods except for the since inception period. The Fund outperformed the underlying index for the one-year period. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Short-Term Treasury Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index for the three-month and year-to-date periods but underperformed for the one-year and since inception periods. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree TIPS Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund achieved positive returns during all of the comparison periods. The Board acknowledged the Fund underperformed its underlying index for all periods. The Board noted that the Fund has only been in operation for a little over one year and determined to continue to monitor the Fund’s performance. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Government Money Market Digital Fund
The Board reviewed the Fund’s cumulative returns for the three-month, one-year, year-to-date, and since inception periods and noted the Fund achieved slightly underperformed its benchmark for all periods. The Board noted that the Fund has only been in operation for a little over two years and determined to continue to monitor the Fund’s performance.
WisdomTree Short-Duration Income Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year and since inception periods and acknowledged the Fund outperformed its broad-based securities market index for the one-month, one-year and since inception periods and underperformed for all other periods. The Fund also outperformed its other indices for the since inception period and underperformed for all other periods.
WisdomTree Siegel Global Equity Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year, and since inception periods and acknowledged the Fund outperformed its broad-based securities market index for the one-month, 3-month, and year-to-date periods and underperformed for all other periods. The Fund also underperformed its benchmark for all periods. The Board noted that the Fund has only been in operation for a little over one year and determined to continue to monitor the Fund’s performance.
WisdomTree Siegel Longevity Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year and since inception periods and acknowledged the Fund outperformed its broad-based securities market index for the one-month, three-month, year-to-date, periods and underperformed for the since inception period. The Fund also underperformed its benchmark for all periods. The Board noted that the Fund has only been in operation for a little over one year and determined to continue to monitor the Fund’s performance.
WisdomTree Siegel Moderate Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year and since inception periods and acknowledged the Fund underperformed its benchmark for all periods. The Board noted that the Fund has only been in operation for a little over one year and determined to continue to monitor the Fund’s performance.
WisdomTree 500 Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year, and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index, outperformed its benchmark for the one-year and since inception periods and underperformed for all other periods. The Board noted that the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
WisdomTree Technology and Innovation 100 Digital Fund
The Board reviewed the Fund’s cumulative returns for the one-month, three-month, year-to-date, one-year and since inception periods and noted the Fund’s performance was consistent with the Fund’s underlying index, outperformed its benchmark for the since inception period and underperformed for all other periods. The Board further noted the Fund was passively managed and tracked its benchmark within expected ranges over the course of the last year and since inception.
In evaluating the performance of the Funds, the Board gave consideration to the short time period for which each Fund has been in existence and noted that it would continue to receive information from the Adviser and the Sub-Advisers regarding performance of each on a quarterly basis throughout the year. Further, the Board noted the Adviser’s experience as a manager-of-managers and its expertise and resources for monitoring the investment style, performance, and risk-adjusted performance of each Sub-Advisers. Following its deliberations, the Board determined that each Fund has performed as expected during the relevant periods.
Fees and expenses.
The Board reviewed information provided by the Adviser and Sub-Advisers regarding each Fund’s advisory fee and sub-advisory fee, respectively. The Board considered that pursuant to the Advisory Agreement, the Adviser has entered into a unitary advisory fee arrangement for each Fund. Under the unitary fee arrangement, Adviser is responsible for paying most of the expenses incurred by a Fund, including those of the Fund’s principal service providers and Sub-Advisers. In this regard, the Board further noted the commitment of the Adviser’s parent company to stand behind the obligations of the Adviser. The Board also acknowledged that the fee arrangements in the Advisory Agreement had standard carveouts for unitary fee arrangements noting that the Adviser would have a separate services agreement with the Trust that would cover non-advisory administrative services. The Board further noted that the Sub-Advisory Agreements include fee schedules that reduce the sub-advisory fee rates as assets increase. The Board acknowledged that any such reduction in sub-advisory fees rates would be to the benefit of the Adviser. The Board concluded that the advisory fees and sub-advisory fees paid by each Fund are reasonable in light of the nature, extent and quality of the services expected provided to each Fund under the Advisory Agreement and Sub-Advisory Agreements. They reviewed comparative information regarding fees for similar funds and observed the following:
WisdomTree 3-7 Year Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and mirrored the median of the peer group.
WisdomTree 7-10 Year Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and mirrored the median of the peer group.
WisdomTree Floating Rate Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were in line with the median, below the average of the peer group and overall were of the lowest in the peer group.
WisdomTree Long-Term Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and mirrored the median of the peer group.
WisdomTree Short-Term Treasury Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were in line with the median, below the average of the peer group and overall were of the lowest in the peer group.
WisdomTree TIPS Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than the average and the median of the peer group.
WisdomTree Government Money Market Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and the median of the peer group.
WisdomTree Short-Duration Income Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were below the average and the median of the peer group.
WisdomTree Siegel Global Equity Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than peer group average and median, as well as the lowest in the peer group.
WisdomTree Siegel Longevity Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than peer group average and median, as well as the lowest in the peer group.
WisdomTree Siegel Moderate Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than peer group average and median, as well as the lowest in the peer group.
WisdomTree 500 Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider. The Board noted the Fund’s total expenses were below the peer group median and the average.
WisdomTree Technology and Innovation 100 Digital Fund
The Board compared the Fund’s total expenses to similar funds included in a peer group provided by an independent third-party service provider and noted the Fund’s total expenses were lower than peer group average and median, as well as the lowest in the peer group.
Profitability/Fall out benefits.
The Board also considered information provided by the Adviser regarding the cost of providing services to the Funds, and the benefits to the Adviser from its relationship with the Funds. They reviewed and considered the Adviser’s representations regarding the assumptions and methods of allocating certain costs in the provision of advisory and other services. The Board also took into account the significant investment by and cost to the Adviser regarding investment management infrastructure to support the Funds and other support for investors. The Board noted the Adviser was not yet profitable from its relationship with the Funds. The Board considered the Adviser’s commitment to the success of the Funds and the use of a unitary fee structure under which the Adviser bears the risk if certain of the Funds’ expenses increase or if a Fund’s assets fail to increase to a level sufficient to cover such expenses. The Board considered the effect of each Fund’s assets under management on the potential profitability of such Fund under the unitary fee structure in light of the costs associated with the personnel, systems and equipment necessary to manage the Funds and to meet the regulatory and compliance requirements of the SEC and other regulatory bodies, as well as other expenses the Adviser pays in accordance with the Advisory Agreement.
The Board also considered potential “fall-out” or ancillary benefits to the Adviser and Sub-Advisers as a result of their relationship with the Funds. The Board observed that the Adviser’s affiliate, a registered broker-dealer, received transaction fees for acting as a mutual fund retailer with respect to the Funds. Additionally, the Trustees considered the Adviser’s and its affiliates focus on “WisdomTree Prime” as a direct-to-consumer mobile phone distribution channel, as well as “WisdomTree Connect”, an investment portal for institutions, each of which may benefit from any positive promotional results or visibility of the Funds, among other benefits. The Board further noted that Adviser and Sub-Advisers may benefit from being associated with the Funds. The Board concluded that any potential benefits derived by the Advisers and Sub-Advisers from their relationship with the Funds, to the extent such benefits are identifiable or determinable, are reasonable and fair, result from the provision of appropriate services to the Funds and investors therein, and are consistent with industry practice and the best interests of each Fund and their shareholders.
Economies of scale.
The Board considered that each Fund is managed by Adviser pursuant to unitary fee advisory agreement, pursuant to which the Adviser bears all of each Fund’s expenses, other than certain enumerated and extraordinary expenses. The Board noted, among other factors, the significant entrepreneurial risk and financial losses incurred by the Adviser in maintaining such Funds until they achieve the asset growth necessary to achieve profitability. The Board further noted that the sub-advisory fees under the Sub-Advisory Agreements do include asset level breakpoints as a means by which the Adviser would share in the benefits of potential economies of scale as the Funds’ assets grow. The Board also noted that the majority of other funds in each Funds’ peer groups do not include breakpoints in their fee structures, except for the WisdomTree Short-Duration Income Digital Fund and WisdomTree Siegel Global Equity Digital Fund as their peer group funds were equally split in terms of funds that do and those that do not include breakpoints in their fee structures. The Board also noted that breakpoints are not the exclusive means of sharing potential economies of scale and that generally the Funds compare favorably with respect to their peers from an expense standpoint. The Board further noted that it will continue to on an annual basis re-examine whether the Funds have achieved economies of scale and the appropriateness of the subadvisory fees payable to each Sub-Adviser. The Board concluded that the Funds benefit from the investments made by the Adviser including the Adviser’s obligation to pay all expenses of the Funds (except certain enumerated and extraordinary expenses).
The Board noted that they were satisfied with the completeness of the information presented at the Meeting, and concluded that they had been provided with appropriately sufficient information to consider the approval of the Agreements. Taking into account all of the information received by the Board, the evaluation of all factors that it deemed to be material, including those factors described above, and assisted by the advice of independent counsel, the Board, including the Independent Trustees, agreed that in consideration of all the information provided, in light of a weighing and balancing of all factors reviewed, and in the exercise of the Trustees’ business judgment, in their totality and without any one factor being dispositive, approving the renewal of the Agreements was in the best interest of each Fund and its Shareholders.
The WisdomTree Digital Funds are registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Digital Trust (“Trust”). WisdomTree Digital 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.
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 Digital Trust |
By (Signature and Title) | /s/ Stuart Bell |
Stuart Bell, President | |
(principal executive officer) |
Date: September 5, 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 /Stuart Bell |
Stuart Bell, President | |
(principal executive officer) |
Date: September 5, 2025
By (Signature and Title) |
/s /David Castano |
David Castano, Treasurer | |
(principal financial officer) |
Date: September 5, 2025