|
|
WisdomTree Trust
Semi-Annual Financial Statements and Other Information
September 30, 2025 (unaudited)
|
WisdomTree Europe Hedged Equity Fund (HEDJ) WisdomTree European
Opportunities Fund (OPPE) WisdomTree India Hedged Equity Fund (INDH) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) WisdomTree Japan Hedged Equity Fund (DXJ) WisdomTree Japan Opportunities
Fund (OPPJ)
|
Table of Contents
|
Schedules of Investments (unaudited) |
||
|
1 | ||
|
WisdomTree European Opportunities Fund (formerly, WisdomTree Europe Hedged SmallCap Equity Fund) |
4 | |
|
9 | ||
|
WisdomTree International Hedged Quality Dividend Growth Fund |
12 | |
|
21 | ||
|
WisdomTree Japan Opportunities Fund (formerly, WisdomTree Japan Hedged SmallCap Equity Fund) |
28 | |
|
32 | ||
|
34 | ||
|
36 | ||
|
39 | ||
|
42 | ||
|
55 | ||
|
Glossary of Terms Used in this Report (unaudited) |
“WisdomTree” is a registered mark of WisdomTree, Inc. and is licensed for use by the WisdomTree Trust.
|
Schedule of Investments (unaudited) WisdomTree Europe Hedged Equity Fund (HEDJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
COMMON STOCKS – 99.4% |
|
||||
|
Austria – 0.6% |
|
||||
|
ANDRITZ AG |
142,932 |
$ |
10,059,909 | ||
|
Belgium – 3.7% |
|
||||
|
Anheuser-Busch InBev SA |
400,944 |
|
23,932,342 | ||
|
Azelis Group NV |
244,603 |
|
3,316,694 | ||
|
Barco NV |
178,146 |
|
2,830,027 | ||
|
Bekaert SA |
65,309 |
|
2,985,110 | ||
|
Fagron |
62,725 |
|
1,457,823 | ||
|
Melexis NV |
75,828 |
|
6,009,652 | ||
|
Solvay SA |
156,411 |
|
4,965,814 | ||
|
Syensqo SA |
87,672 |
|
7,077,102 | ||
|
UCB SA |
41,146 |
|
11,361,437 | ||
|
Total Belgium |
|
63,936,001 | |||
|
Finland – 5.7% |
|
||||
|
Hiab OYJ, Class B |
94,929 |
|
5,534,692 | ||
|
Huhtamaki OYJ |
164,284 |
|
5,690,633 | ||
|
Kemira OYJ |
247,583 |
|
5,550,562 | ||
|
Kone OYJ, Class B |
366,427 |
|
24,971,995 | ||
|
Konecranes OYJ |
92,739 |
|
7,649,575 | ||
|
Metso OYJ |
877,244 |
|
12,044,448 | ||
|
Nokia OYJ |
3,253,760 |
|
15,594,699 | ||
|
Valmet OYJ |
309,316 |
|
10,278,259 | ||
|
Wartsila OYJ Abp |
389,359 |
|
11,643,292 | ||
|
Total Finland |
|
98,958,155 | |||
|
France – 15.8% |
|
||||
|
Accor SA |
9,196 |
|
435,454 | ||
|
Air Liquide SA |
141,239 |
|
29,350,941 | ||
|
Airbus SE |
79,883 |
|
18,528,459 | ||
|
Arkema SA |
29,836 |
|
1,879,071 | ||
|
BioMerieux |
3,107 |
|
415,452 | ||
|
Cie Generale des Etablissements Michelin SCA |
321,585 |
|
11,539,915 | ||
|
Danone SA |
159,303 |
|
13,881,342 | ||
|
Dassault Aviation SA |
3,425 |
|
1,145,337 | ||
|
Dassault Systemes SE |
94,734 |
|
3,173,517 | ||
|
EssilorLuxottica SA |
77,121 |
|
25,010,335 | ||
|
Etablissements Maurel & Prom SA |
50,918 |
|
292,083 | ||
|
Gaztransport & Technigaz SA |
168 |
|
31,110 | ||
|
Hermes International SCA |
7,361 |
|
18,016,228 | ||
|
Imerys SA |
7,586 |
|
200,020 | ||
|
Interparfums SA |
6,321 |
|
208,555 | ||
|
Ipsen SA |
1,812 |
|
241,866 | ||
|
IPSOS SA |
14,729 |
|
655,227 | ||
|
Legrand SA |
17,199 |
|
2,841,360 | ||
|
L’Oreal SA |
109,778 |
|
47,532,492 | ||
|
LVMH Moet Hennessy Louis Vuitton SE |
106,759 |
|
65,292,457 | ||
|
Nexans SA |
7,782 |
|
1,152,125 | ||
|
Opmobility |
39,809 |
|
638,954 | ||
|
Pernod Ricard SA |
69,072 |
|
6,780,072 | ||
|
Publicis Groupe SA |
46,364 |
|
4,449,738 | ||
|
Rubis SCA |
44 |
|
1,643 | ||
|
Investments |
Shares |
Value | |||
|
Safran SA |
50,025 |
$ |
17,639,687 | ||
|
Technip Energies NV |
30,603 |
|
1,441,217 | ||
|
Valeo SE |
95,645 |
|
1,195,192 | ||
|
Vicat SACA |
17,633 |
|
1,236,911 | ||
|
Total France |
|
275,206,760 | |||
|
Germany – 24.7% |
|
||||
|
adidas AG |
10,052 |
|
2,118,911 | ||
|
AIXTRON SE |
23,153 |
|
401,270 | ||
|
Beiersdorf AG |
12,386 |
|
1,295,266 | ||
|
Brenntag SE |
25,122 |
|
1,502,484 | ||
|
Continental AG |
99,048 |
|
6,531,323 | ||
|
Daimler Truck Holding AG |
580,733 |
|
23,896,287 | ||
|
Deutsche Telekom AG, Registered Shares |
2,322,398 |
|
79,162,984 | ||
|
Duerr AG |
22,627 |
|
530,671 | ||
|
Evonik Industries AG |
514,064 |
|
8,921,450 | ||
|
GEA Group AG |
23,750 |
|
1,753,907 | ||
|
Hannover Rueck SE |
90,367 |
|
27,246,097 | ||
|
Heidelberg Materials AG |
116,395 |
|
26,197,163 | ||
|
Henkel AG & Co. KGaA |
105,911 |
|
7,858,727 | ||
|
HochTief AG |
36,149 |
|
9,675,820 | ||
|
Hugo Boss AG |
15,294 |
|
726,725 | ||
|
Jenoptik AG |
17,913 |
|
361,601 | ||
|
Knorr-Bremse AG |
53,488 |
|
5,018,444 | ||
|
Krones AG |
130 |
|
18,941 | ||
|
Lanxess AG |
24,016 |
|
595,417 | ||
|
Merck KGaA |
17,442 |
|
2,243,106 | ||
|
MTU Aero Engines AG |
569 |
|
261,346 | ||
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered Shares |
93,368 |
|
59,614,989 | ||
|
SAP SE |
166,299 |
|
44,531,953 | ||
|
Schott Pharma AG & Co. KGaA(a) |
14,914 |
|
369,755 | ||
|
Siemens AG, Registered Shares |
280,268 |
|
75,478,960 | ||
|
Siemens Healthineers AG(b) |
266,652 |
|
14,418,804 | ||
|
Symrise AG |
13,461 |
|
1,171,066 | ||
|
Talanx AG |
196,922 |
|
26,192,590 | ||
|
Total Germany |
|
428,096,057 | |||
|
Ireland – 0.7% |
|
||||
|
Glanbia PLC |
352,436 |
|
5,801,712 | ||
|
Kerry Group PLC, Class A |
72,193 |
|
6,510,454 | ||
|
Total Ireland |
|
12,312,166 | |||
|
Italy – 5.5% |
|
||||
|
Brembo NV |
454,979 |
|
4,803,383 | ||
|
Brunello Cucinelli SpA |
54,100 |
|
5,911,776 | ||
|
Carel Industries SpA(b) |
185,060 |
|
4,859,906 | ||
|
DiaSorin SpA |
39,949 |
|
3,544,914 | ||
|
Ferrari NV |
28,839 |
|
13,947,403 | ||
|
Ferretti SpA(a) |
70,527 |
|
223,250 | ||
|
Intercos SpA |
145,336 |
|
2,062,899 | ||
|
Leonardo SpA |
271,132 |
|
17,209,693 | ||
|
Maire SpA |
560,419 |
|
8,297,002 | ||
|
Moncler SpA |
149,012 |
|
8,731,692 | ||
See Notes to Financial Statements.
WisdomTree Trust 1
|
Schedule of Investments (unaudited) (continued) WisdomTree Europe Hedged Equity Fund (HEDJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Piaggio & C SpA(a) |
393,340 |
$ |
904,937 | ||
|
Prysmian SpA |
129,369 |
|
12,796,079 | ||
|
Reply SpA |
31,283 |
|
4,455,011 | ||
|
Webuild SpA(a) |
1,852,546 |
|
7,696,957 | ||
|
Total Italy |
|
95,444,902 | |||
|
Netherlands – 12.9% |
|
||||
|
Aegon Ltd. |
2,419,698 |
|
19,424,364 | ||
|
Akzo Nobel NV |
126,560 |
|
9,011,703 | ||
|
Arcadis NV |
65,889 |
|
3,321,299 | ||
|
ASM International NV |
13,197 |
|
7,920,706 | ||
|
ASML Holding NV |
57,609 |
|
56,054,554 | ||
|
BE Semiconductor Industries NV |
61,940 |
|
9,232,078 | ||
|
Corbion NV |
90,022 |
|
1,732,608 | ||
|
Fugro NV(a) |
203,485 |
|
2,172,177 | ||
|
Heineken Holding NV |
150,012 |
|
10,285,008 | ||
|
Heineken NV |
221,557 |
|
17,291,080 | ||
|
IMCD NV |
36,309 |
|
3,754,350 | ||
|
JDE Peet’s NV |
383,764 |
|
14,068,785 | ||
|
Koninklijke Ahold Delhaize NV |
579,073 |
|
23,440,146 | ||
|
Koninklijke Vopak NV |
113,566 |
|
5,209,499 | ||
|
SBM Offshore NV |
296,647 |
|
7,584,669 | ||
|
Universal Music Group NV |
693,219 |
|
20,004,910 | ||
|
Wolters Kluwer NV |
94,454 |
|
12,890,725 | ||
|
Total Netherlands |
|
223,398,661 | |||
|
Portugal – 0.1% |
|
||||
|
Altri SGPS SA(a) |
216,309 |
|
1,273,357 | ||
|
Spain – 21.1% |
|
||||
|
ACS Actividades de Construccion y Servicios SA |
297,638 |
|
23,781,271 | ||
|
Amadeus IT Group SA |
253,441 |
|
20,101,035 | ||
|
Banco Bilbao Vizcaya Argentaria SA |
8,329,493 |
|
159,922,069 | ||
|
Banco Santander SA |
8,040,814 |
|
83,841,149 | ||
|
CIE Automotive SA |
243,804 |
|
7,620,092 | ||
|
Ebro Foods SA |
303,045 |
|
6,523,345 | ||
|
Elecnor SA |
135,749 |
|
3,867,997 | ||
|
Fluidra SA |
268,683 |
|
7,280,099 | ||
|
Gestamp Automocion SA(b) |
1,606,898 |
|
6,215,641 | ||
|
Mapfre SA |
7,810,783 |
|
36,986,003 | ||
|
Prosegur Cia de Seguridad SA |
935,156 |
|
3,208,520 | ||
|
Viscofan SA |
94,886 |
|
6,477,629 | ||
|
Total Spain |
|
365,824,850 | |||
|
Investments |
Shares |
Value | |||
|
Switzerland – 0.5% |
|
||||
|
DSM-Firmenich AG |
114,527 |
$ |
9,758,958 | ||
|
United States – 8.1% |
|
||||
|
Acerinox SA |
705,506 |
|
9,201,560 | ||
|
Ferrovial SE |
320,636 |
|
18,377,729 | ||
|
Sanofi SA |
574,651 |
|
53,038,122 | ||
|
Schneider Electric SE |
143,935 |
|
40,183,765 | ||
|
Signify NV(b) |
209,530 |
|
5,490,209 | ||
|
Tenaris SA |
853,674 |
|
15,236,584 | ||
|
Total United States |
|
141,527,969 | |||
|
TOTAL COMMON STOCKS (Cost: $1,208,833,533) |
|
1,725,797,745 | |||
|
MUTUAL FUND – 0.1% |
|
||||
|
United States – 0.1% |
|
||||
|
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.00%(c) (Cost: $1,078,979) |
1,078,979 |
|
1,078,979 | ||
|
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% | |||||
|
United States – 0.2% |
|
||||
|
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.09%(c) (Cost: $3,447,865) |
3,447,865 |
|
3,447,865 | ||
|
TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $1,213,360,377) |
|
1,730,324,589 | |||
|
Other Assets less Liabilities – 0.3% |
|
5,032,261 | |||
|
NET ASSETS – 100.0% |
$ |
1,735,356,850 | |||
(a) Security, or portion thereof, was on loan at September 30, 2025 (See Note 2). At September 30, 2025, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $10,994,907 and the total market value of the collateral held by the Fund was $11,585,301. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $8,137,436.
(b) This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.
(c) Rate shown represents annualized 7-day yield as of September 30, 2025.
|
CURRENCY ABBREVIATIONS: | ||
|
EUR |
Euro | |
|
USD |
United States dollar | |
INVESTMENT IN AFFILIATES
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2025 were as follows:
|
Affiliate |
Value at |
Purchases/ |
Sales/ |
Realized |
Change in |
Value at |
Securities | |||||||
|
WisdomTree Government Money Market Digital Fund |
$— |
$4,700,000 |
$4,700,000 |
$— |
$— |
$—^ |
$4,381 |
^ As of September 30, 2025, the Fund did not hold a position in this affiliate.
See Notes to Financial Statements.
2 WisdomTree Trust
|
Schedule of Investments (unaudited) (concluded) WisdomTree Europe Hedged Equity Fund (HEDJ) September 30, 2025
|
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
Citibank NA |
11/5/2025 |
72,229,412 |
EUR |
85,042,910 |
USD |
$ |
828 |
$ |
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
308,379,975 |
EUR |
362,372,374 |
USD |
|
— |
|
(3,767 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
362,372,374 |
USD |
308,998,190 |
EUR |
|
— |
|
(722,681 |
) | |||||||
|
Deutsche Bank AG |
11/5/2025 |
362,182,745 |
USD |
307,606,833 |
EUR |
|
2,933 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
308,379,450 |
EUR |
362,372,374 |
USD |
|
— |
|
(4,383 |
) | |||||||
|
Goldman Sachs |
11/5/2025 |
362,182,745 |
USD |
307,606,049 |
EUR |
|
3,855 |
|
— |
| |||||||
|
HSBC Holdings PLC |
10/3/2025 |
308,380,499 |
EUR |
362,372,374 |
USD |
|
— |
|
(3,150 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
362,182,745 |
USD |
307,607,486 |
EUR |
|
2,164 |
|
— |
| |||||||
|
JP Morgan Chase Bank NA |
10/3/2025 |
362,372,372 |
USD |
308,978,165 |
EUR |
|
— |
|
(699,151 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
362,372,374 |
USD |
308,978,166 |
EUR |
|
— |
|
(699,151 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
308,379,710 |
EUR |
362,372,372 |
USD |
|
— |
|
(4,075 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
362,372,374 |
USD |
308,977,639 |
EUR |
|
— |
|
(698,532 |
) | |||||||
|
Royal Bank of Canada |
11/5/2025 |
362,182,741 |
USD |
307,607,091 |
EUR |
|
2,625 |
|
— |
| |||||||
|
UBS Group AG |
10/3/2025 |
308,379,975 |
EUR |
362,372,374 |
USD |
|
— |
|
(3,767 |
) | |||||||
|
UBS Group AG |
10/3/2025 |
362,372,374 |
USD |
308,977,112 |
EUR |
|
— |
|
(697,913 |
) | |||||||
|
UBS Group AG |
11/5/2025 |
362,182,745 |
USD |
307,606,572 |
EUR |
|
3,240 |
|
— |
| |||||||
|
$ |
15,645 |
$ |
(3,536,570 |
) | |||||||||||||
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
|
Quoted |
Other |
Significant |
Total | ||||||||||
|
Assets: |
|
|
|
|
| ||||||||
|
Investments in Securities |
|
|
|
|
| ||||||||
|
Common Stocks |
$ |
1,725,797,745 |
$ |
— |
|
$— |
$ |
1,725,797,745 |
| ||||
|
Mutual Fund |
|
— |
|
1,078,979 |
|
— |
|
1,078,979 |
| ||||
|
Investment of Cash Collateral for Securities Loaned |
|
— |
|
3,447,865 |
|
— |
|
3,447,865 |
| ||||
|
Total Investments in Securities |
$ |
1,725,797,745 |
$ |
4,526,844 |
|
$— |
$ |
1,730,324,589 |
| ||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
15,645 |
|
$— |
$ |
15,645 |
| ||||
|
Liabilities: |
|
|
|
|
| ||||||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
(3,536,570 |
) |
$— |
$ |
(3,536,570 |
) | ||||
|
Total – Net |
$ |
1,725,797,745 |
$ |
1,005,919 |
|
$— |
$ |
1,726,803,664 |
| ||||
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
WisdomTree Trust 3
|
Schedule of Investments (unaudited) WisdomTree European Opportunities Fund (OPPE) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
COMMON STOCKS – 99.4% |
|
||||
|
Australia – 1.9% |
|
||||
|
Glencore PLC* |
666,632 |
$ |
3,065,701 | ||
|
Czech Republic – 1.4% |
|
||||
|
Colt CZ Group SE |
60,383 |
|
2,251,410 | ||
|
Denmark – 3.8% |
|
||||
|
AP Moller — Maersk AS, Class B |
1,242 |
|
2,436,962 | ||
|
Danske Bank AS |
58,606 |
|
2,499,113 | ||
|
Pandora AS |
10,420 |
|
1,358,759 | ||
|
Total Denmark |
|
6,294,834 | |||
|
Finland – 2.7% |
|
||||
|
Fortum OYJ |
109,096 |
|
2,064,464 | ||
|
Nordea Bank Abp |
145,389 |
|
2,387,378 | ||
|
Total Finland |
|
4,451,842 | |||
|
France – 14.9% |
|
||||
|
Alstom SA* |
91,040 |
|
2,366,220 | ||
|
AXA SA |
37,228 |
|
1,777,711 | ||
|
BNP Paribas SA |
24,064 |
|
2,186,521 | ||
|
Bouygues SA |
30,589 |
|
1,377,300 | ||
|
Bureau Veritas SA |
31,329 |
|
980,660 | ||
|
Eiffage SA |
8,879 |
|
1,134,048 | ||
|
Klepierre SA |
34,765 |
|
1,354,549 | ||
|
Safran SA |
8,230 |
|
2,902,042 | ||
|
Societe Generale SA |
36,115 |
|
2,391,643 | ||
|
Thales SA |
7,779 |
|
2,436,810 | ||
|
TotalEnergies SE |
37,241 |
|
2,263,610 | ||
|
Veolia Environnement SA |
68,670 |
|
2,338,316 | ||
|
Vinci SA |
8,505 |
|
1,178,718 | ||
|
Total France |
|
24,688,148 | |||
|
Germany – 7.9% |
|
||||
|
BASF SE |
43,567 |
|
2,169,996 | ||
|
Deutsche Post AG, Registered Shares |
40,113 |
|
1,788,217 | ||
|
GEA Group AG |
14,267 |
|
1,053,600 | ||
|
Heidelberg Materials AG |
11,037 |
|
2,484,111 | ||
|
Rheinmetall AG |
1,275 |
|
2,973,028 | ||
|
Siemens AG, Registered Shares |
9,705 |
|
2,613,653 | ||
|
Total Germany |
|
13,082,605 | |||
|
Ireland – 4.1% |
|
||||
|
AIB Group PLC |
297,827 |
|
2,699,838 | ||
|
Bank of Ireland Group PLC |
171,843 |
|
2,829,846 | ||
|
Kerry Group PLC, Class A |
14,367 |
|
1,295,634 | ||
|
Total Ireland |
|
6,825,318 | |||
|
Italy – 9.5% |
|
||||
|
Enel SpA |
154,981 |
|
1,468,840 | ||
|
Eni SpA |
152,350 |
|
2,661,181 | ||
|
Infrastrutture Wireless Italiane SpA(a) |
131,687 |
|
1,548,869 | ||
|
Intesa Sanpaolo SpA |
282,086 |
|
1,860,766 | ||
|
Investments |
Shares |
Value | |||
|
Leonardo SpA |
44,396 |
$ |
2,817,969 | ||
|
Recordati Industria Chimica & Farmaceutica SpA |
10,977 |
|
666,825 | ||
|
Ryanair Holdings PLC |
66,412 |
|
1,927,442 | ||
|
UniCredit SpA |
35,383 |
|
2,680,341 | ||
|
Total Italy |
|
15,632,233 | |||
|
Luxembourg – 2.1% |
|
||||
|
ArcelorMittal SA |
72,865 |
|
2,618,148 | ||
|
Eurofins Scientific SE |
10,859 |
|
788,271 | ||
|
Total Luxembourg |
|
3,406,419 | |||
|
Norway – 4.2% |
|
||||
|
DNB Bank ASA |
67,945 |
|
1,848,811 | ||
|
Equinor ASA |
91,921 |
|
2,242,335 | ||
|
Norsk Hydro ASA |
166,936 |
|
1,130,998 | ||
|
Telenor ASA |
102,924 |
|
1,706,151 | ||
|
Total Norway |
|
6,928,295 | |||
|
Poland – 4.0% |
|
||||
|
Allegro.eu SA*(a) |
218,966 |
|
2,148,406 | ||
|
Budimex SA |
12,881 |
|
1,807,959 | ||
|
ORLEN SA |
113,878 |
|
2,715,858 | ||
|
Total Poland |
|
6,672,223 | |||
|
Portugal – 1.6% |
|
||||
|
EDP SA |
553,066 |
|
2,623,454 | ||
|
Spain – 2.2% |
|
||||
|
ACS Actividades de Construccion y Servicios SA |
26,645 |
|
2,128,935 | ||
|
Naturgy Energy Group SA |
47,219 |
|
1,468,062 | ||
|
Total Spain |
|
3,596,997 | |||
|
Sweden – 4.1% |
|
||||
|
Evolution AB(a) |
25,735 |
|
2,116,240 | ||
|
Skandinaviska Enskilda Banken AB, Class A |
117,751 |
|
2,302,411 | ||
|
Skanska AB, Class B |
93,931 |
|
2,435,888 | ||
|
Total Sweden |
|
6,854,539 | |||
|
Switzerland – 3.7% |
|
||||
|
ABB Ltd., Registered Shares |
39,808 |
|
2,867,837 | ||
|
Kuehne & Nagel International AG, Registered Shares |
5,927 |
|
1,103,607 | ||
|
Logitech International SA, Registered Shares |
19,252 |
|
2,099,779 | ||
|
Total Switzerland |
|
6,071,223 | |||
|
United Kingdom – 23.1% |
|
||||
|
Associated British Foods PLC |
50,269 |
|
1,388,007 | ||
|
Aviva PLC |
259,822 |
|
2,398,828 | ||
|
BAE Systems PLC |
94,397 |
|
2,616,618 | ||
|
Barclays PLC |
512,912 |
|
2,621,168 | ||
|
British American Tobacco PLC |
40,652 |
|
2,160,105 | ||
|
Bunzl PLC |
31,663 |
|
1,000,013 | ||
|
Centrica PLC |
960,589 |
|
2,154,460 | ||
|
HSBC Holdings PLC |
182,183 |
|
2,563,008 | ||
|
Imperial Brands PLC |
46,258 |
|
1,966,639 | ||
See Notes to Financial Statements.
4 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree European Opportunities Fund (OPPE) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
InterContinental Hotels Group PLC |
12,992 |
$ |
1,569,596 | ||
|
International Consolidated Airlines Group SA |
267,120 |
|
1,388,456 | ||
|
Intertek Group PLC |
22,267 |
|
1,415,512 | ||
|
J Sainsbury PLC |
444,843 |
|
2,000,226 | ||
|
Lloyds Banking Group PLC |
2,073,535 |
|
2,339,833 | ||
|
NatWest Group PLC |
318,584 |
|
2,237,110 | ||
|
Reckitt Benckiser Group PLC |
24,821 |
|
1,910,685 | ||
|
Sage Group PLC |
64,773 |
|
959,207 | ||
|
Segro PLC |
133,337 |
|
1,176,475 | ||
|
Tesco PLC |
345,125 |
|
2,069,902 | ||
|
Vodafone Group PLC |
1,923,993 |
|
2,231,696 | ||
|
Total United Kingdom |
|
38,167,544 | |||
|
United States – 8.2% |
|
||||
|
Ferrovial SE |
21,259 |
|
1,218,491 | ||
|
GSK PLC |
65,487 |
|
1,388,109 | ||
|
Holcim AG, Registered Shares* |
9,737 |
|
824,093 | ||
|
Novartis AG, Registered Shares |
14,291 |
|
1,798,297 | ||
|
Roche Holding AG, Bearer Shares |
2,358 |
|
806,696 | ||
|
Roche Holding AG |
2,681 |
|
875,752 | ||
|
Sanofi SA |
20,610 |
|
1,902,225 | ||
|
Schneider Electric SE |
8,923 |
|
2,491,123 | ||
|
Shell PLC |
62,916 |
|
2,241,603 | ||
|
Total United States |
|
13,546,389 | |||
|
TOTAL
COMMON STOCKS |
|
164,159,174 | |||
|
Investments |
Shares |
Value | |||
|
MUTUAL FUND – 0.0% |
|
||||
|
United States – 0.0% |
|
||||
|
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.00%(b) (Cost: $20,843) |
20,843 |
$ |
20,843 | ||
|
TOTAL INVESTMENTS IN SECURITIES – 99.4% (Cost: $154,317,589) |
|
164,180,017 | |||
|
Other Assets less Liabilities – 0.6% |
|
1,021,057 | |||
|
NET ASSETS – 100.0% |
$ |
165,201,074 | |||
* Non-income producing security.
(a) This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.
(b) Rate shown represents annualized 7-day yield as of September 30, 2025.
|
CURRENCY ABBREVIATIONS: | ||
|
CHF |
Swiss franc | |
|
CZK |
Czech koruna | |
|
DKK |
Danish krone | |
|
EUR |
Euro | |
|
GBP |
British pound | |
|
NOK |
Norwegian krone | |
|
PLN |
Polish zloty | |
|
SEK |
Swedish krona | |
|
USD |
United States dollar | |
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
Bank of America NA |
10/3/2025 |
489,354 |
USD |
388,144 |
CHF |
$ |
1,462 |
$ |
— |
| |||||||
|
Bank of America NA |
10/3/2025 |
341,006 |
USD |
2,166,467 |
DKK |
|
— |
|
(44 |
) | |||||||
|
Bank of America NA |
10/3/2025 |
5,595,383 |
USD |
4,763,005 |
EUR |
|
— |
|
(1,490 |
) | |||||||
|
Bank of America NA |
10/3/2025 |
2,592,622 |
USD |
1,914,579 |
GBP |
|
15,104 |
|
— |
| |||||||
|
Bank of America NA |
10/3/2025 |
379,835 |
USD |
3,783,559 |
NOK |
|
634 |
|
— |
| |||||||
|
Bank of America NA |
10/3/2025 |
394,995 |
USD |
1,431,926 |
PLN |
|
297 |
|
— |
| |||||||
|
Bank of America NA |
10/3/2025 |
565,322 |
USD |
5,292,863 |
SEK |
|
2,519 |
|
— |
| |||||||
|
Citibank NA |
10/3/2025 |
3,730,256 |
USD |
3,144,529 |
EUR |
|
35,209 |
|
— |
| |||||||
|
Citibank NA |
11/5/2025 |
2,256,704 |
USD |
46,689,800 |
CZK |
|
— |
|
(57 |
) | |||||||
|
Commonwealth Bank of Australia |
10/3/2025 |
326,236 |
USD |
256,467 |
CHF |
|
3,860 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
882,416 |
CHF |
1,109,201 |
USD |
|
— |
|
(16 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
4,909,978 |
DKK |
772,949 |
USD |
|
— |
|
(10 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
10,793,159 |
EUR |
12,682,869 |
USD |
|
— |
|
(132 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
4,365,112 |
GBP |
5,876,611 |
USD |
|
— |
|
(43 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
8,590,289 |
NOK |
860,960 |
USD |
|
— |
|
(13 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
3,248,142 |
PLN |
895,322 |
USD |
|
— |
|
(0 |
)^ | |||||||
|
Deutsche Bank AG |
10/3/2025 |
12,050,641 |
SEK |
1,281,396 |
USD |
|
— |
|
(21 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
326,235 |
USD |
258,250 |
CHF |
|
1,618 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
962,395 |
USD |
766,074 |
CHF |
|
— |
|
(550 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
227,338 |
USD |
1,430,402 |
DKK |
|
2,161 |
|
— |
| |||||||
See Notes to Financial Statements.
WisdomTree Trust 5
|
Schedule of Investments (unaudited) (continued) WisdomTree European Opportunities Fund (OPPE) September 30, 2025
|
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
Deutsche Bank AG |
10/3/2025 |
670,647 |
USD |
4,267,200 |
DKK |
$ |
— |
$ |
(1,104 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
227,338 |
USD |
1,442,896 |
DKK |
|
194 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
11,004,254 |
USD |
9,383,427 |
EUR |
|
— |
|
(21,946 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
3,730,255 |
USD |
3,171,400 |
EUR |
|
3,632 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
5,098,824 |
USD |
3,772,963 |
GBP |
|
19,441 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
1,728,415 |
USD |
1,276,803 |
GBP |
|
9,508 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
747,009 |
USD |
7,504,464 |
NOK |
|
— |
|
(5,113 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
253,223 |
USD |
2,531,454 |
NOK |
|
— |
|
(488 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
776,823 |
USD |
2,832,312 |
PLN |
|
— |
|
(3,879 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
263,329 |
USD |
952,597 |
PLN |
|
754 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
1,111,800 |
USD |
10,503,864 |
SEK |
|
— |
|
(5,102 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
376,881 |
USD |
3,526,378 |
SEK |
|
1,912 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
518,416 |
USD |
410,790 |
CHF |
|
7 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
322,157 |
USD |
2,041,739 |
DKK |
|
— |
|
(3 |
) | |||||||
|
Deutsche Bank AG |
11/5/2025 |
4,003,335 |
USD |
3,400,088 |
EUR |
|
32 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
4,477,339 |
USD |
3,325,186 |
GBP |
|
24 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
352,919 |
USD |
3,520,568 |
NOK |
|
2 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
1,357,097 |
USD |
4,925,899 |
PLN |
|
— |
|
(63 |
) | |||||||
|
Deutsche Bank AG |
11/5/2025 |
348,427 |
USD |
3,269,790 |
SEK |
|
— |
|
(3 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
388,649 |
CHF |
489,354 |
USD |
|
— |
|
(828 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
882,417 |
CHF |
1,109,201 |
USD |
|
— |
|
(15 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
2,167,668 |
DKK |
341,006 |
USD |
|
233 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
4,910,033 |
DKK |
772,949 |
USD |
|
— |
|
(2 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
4,765,532 |
EUR |
5,595,383 |
USD |
|
4,460 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
10,793,141 |
EUR |
12,682,869 |
USD |
|
— |
|
(153 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,911,931 |
GBP |
2,592,622 |
USD |
|
— |
|
(18,670 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
4,365,080 |
GBP |
5,876,611 |
USD |
|
— |
|
(86 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
3,752,733 |
NOK |
379,835 |
USD |
|
— |
|
(3,724 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
8,590,315 |
NOK |
860,960 |
USD |
|
— |
|
(10 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,433,636 |
PLN |
394,995 |
USD |
|
174 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
3,248,171 |
PLN |
895,322 |
USD |
|
8 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
5,265,159 |
SEK |
565,322 |
USD |
|
— |
|
(5,465 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
12,050,704 |
SEK |
1,281,396 |
USD |
|
— |
|
(15 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
376,881 |
USD |
3,477,666 |
SEK |
|
7,092 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
518,416 |
USD |
410,789 |
CHF |
|
8 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
322,157 |
USD |
2,041,713 |
DKK |
|
1^ |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
4,003,335 |
USD |
3,400,079 |
EUR |
|
43 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
4,477,339 |
USD |
3,325,166 |
GBP |
|
51 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
352,919 |
USD |
3,520,576 |
NOK |
|
2 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
1,357,097 |
USD |
4,925,700 |
PLN |
|
— |
|
(8 |
) | |||||||
|
Goldman Sachs |
11/5/2025 |
348,427 |
USD |
3,269,719 |
SEK |
|
4 |
|
— |
| |||||||
|
HSBC Holdings PLC |
10/3/2025 |
882,416 |
CHF |
1,109,201 |
USD |
|
— |
|
(16 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
4,910,081 |
DKK |
772,949 |
USD |
|
6 |
|
— |
| |||||||
|
HSBC Holdings PLC |
10/3/2025 |
10,793,178 |
EUR |
12,682,869 |
USD |
|
— |
|
(110 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
4,365,103 |
GBP |
5,876,611 |
USD |
|
— |
|
(56 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
8,590,332 |
NOK |
860,960 |
USD |
|
— |
|
(9 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
3,248,174 |
PLN |
895,322 |
USD |
|
9 |
|
— |
| |||||||
|
HSBC Holdings PLC |
10/3/2025 |
12,050,717 |
SEK |
1,281,396 |
USD |
|
— |
|
(13 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
518,416 |
USD |
410,799 |
CHF |
|
— |
|
(5 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
322,157 |
USD |
2,041,744 |
DKK |
|
— |
|
(4 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
4,003,335 |
USD |
3,400,095 |
EUR |
|
24 |
|
— |
| |||||||
See Notes to Financial Statements.
6 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree European Opportunities Fund (OPPE) September 30, 2025
|
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
HSBC Holdings PLC |
11/5/2025 |
4,477,339 |
USD |
3,325,153 |
GBP |
$ |
68 |
$ |
— |
| |||||||
|
HSBC Holdings PLC |
11/5/2025 |
352,919 |
USD |
3,520,607 |
NOK |
|
— |
|
(2 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
1,357,097 |
USD |
4,925,828 |
PLN |
|
— |
|
(44 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
348,427 |
USD |
3,269,747 |
SEK |
|
1 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
962,395 |
USD |
766,075 |
CHF |
|
— |
|
(550 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
81,559 |
USD |
64,922 |
CHF |
|
— |
|
(47 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
670,644 |
USD |
4,267,145 |
DKK |
|
— |
|
(1,099 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
56,834 |
USD |
361,621 |
DKK |
|
— |
|
(93 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
11,004,252 |
USD |
9,382,817 |
EUR |
|
— |
|
(21,231 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
932,564 |
USD |
795,149 |
EUR |
|
— |
|
(1,793 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
5,098,823 |
USD |
3,772,901 |
GBP |
|
19,524 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
432,104 |
USD |
319,737 |
GBP |
|
1,656 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
747,008 |
USD |
7,504,333 |
NOK |
|
— |
|
(5,101 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
63,306 |
USD |
635,963 |
NOK |
|
— |
|
(432 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
776,823 |
USD |
2,832,128 |
PLN |
|
— |
|
(3,828 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
65,832 |
USD |
240,009 |
PLN |
|
— |
|
(324 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
1,111,796 |
USD |
10,503,756 |
SEK |
|
— |
|
(5,095 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
94,220 |
USD |
890,149 |
SEK |
|
— |
|
(432 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
962,395 |
USD |
766,074 |
CHF |
|
— |
|
(550 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
670,647 |
USD |
4,267,249 |
DKK |
|
— |
|
(1,112 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
11,004,254 |
USD |
9,382,819 |
EUR |
|
— |
|
(21,231 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
1,728,415 |
USD |
1,265,488 |
GBP |
|
24,741 |
|
— |
| |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
5,098,824 |
USD |
3,772,933 |
GBP |
|
19,483 |
|
— |
| |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
747,009 |
USD |
7,504,452 |
NOK |
|
— |
|
(5,112 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
776,823 |
USD |
2,832,087 |
PLN |
|
— |
|
(3,817 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
1,111,800 |
USD |
10,503,892 |
SEK |
|
— |
|
(5,105 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
882,417 |
CHF |
1,109,201 |
USD |
|
— |
|
(15 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
4,909,959 |
DKK |
772,946 |
USD |
|
— |
|
(10 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
10,793,149 |
EUR |
12,682,867 |
USD |
|
— |
|
(143 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
4,365,095 |
GBP |
5,876,609 |
USD |
|
— |
|
(65 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
8,590,274 |
NOK |
860,956 |
USD |
|
— |
|
(10 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
3,248,154 |
PLN |
895,318 |
USD |
|
7 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
12,050,674 |
SEK |
1,281,394 |
USD |
|
— |
|
(16 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
962,395 |
USD |
766,071 |
CHF |
|
— |
|
(546 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
670,647 |
USD |
4,267,161 |
DKK |
|
— |
|
(1,098 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
11,004,254 |
USD |
9,382,803 |
EUR |
|
— |
|
(21,212 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
5,098,824 |
USD |
3,772,913 |
GBP |
|
19,509 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
253,223 |
USD |
2,474,257 |
NOK |
|
5,245 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
747,009 |
USD |
7,504,375 |
NOK |
|
— |
|
(5,104 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
776,823 |
USD |
2,832,116 |
PLN |
|
— |
|
(3,825 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
263,330 |
USD |
945,134 |
PLN |
|
2,812 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
1,111,800 |
USD |
10,503,822 |
SEK |
|
— |
|
(5,098 |
) | |||||||
|
Royal Bank of Canada |
11/5/2025 |
518,416 |
USD |
410,792 |
CHF |
|
4 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
322,153 |
USD |
2,041,696 |
DKK |
|
— |
|
(1 |
) | |||||||
|
Royal Bank of Canada |
11/5/2025 |
4,003,332 |
USD |
3,400,088 |
EUR |
|
29 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
4,477,335 |
USD |
3,325,187 |
GBP |
|
18 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
352,919 |
USD |
3,520,594 |
NOK |
|
— |
|
(0 |
)^ | |||||||
|
Royal Bank of Canada |
11/5/2025 |
1,357,093 |
USD |
4,925,789 |
PLN |
|
— |
|
(37 |
) | |||||||
|
Royal Bank of Canada |
11/5/2025 |
348,423 |
USD |
3,269,713 |
SEK |
|
1 |
|
— |
| |||||||
|
UBS AG |
10/3/2025 |
882,416 |
CHF |
1,109,201 |
USD |
|
— |
|
(16 |
) | |||||||
|
UBS AG |
10/3/2025 |
4,909,987 |
DKK |
772,949 |
USD |
|
— |
|
(9 |
) | |||||||
See Notes to Financial Statements.
WisdomTree Trust 7
|
Schedule of Investments (unaudited) (concluded) WisdomTree European Opportunities Fund (OPPE) September 30, 2025
|
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
UBS AG |
10/3/2025 |
10,793,159 |
EUR |
12,682,869 |
USD |
$ |
— |
$ |
(132 |
) | |||||||
|
UBS AG |
10/3/2025 |
4,365,098 |
GBP |
5,876,611 |
USD |
|
— |
|
(62 |
) | |||||||
|
UBS AG |
10/3/2025 |
8,590,142 |
NOK |
860,960 |
USD |
|
— |
|
(28 |
) | |||||||
|
UBS AG |
10/3/2025 |
3,248,172 |
PLN |
895,322 |
USD |
|
8 |
|
— |
| |||||||
|
UBS AG |
10/3/2025 |
12,050,192 |
SEK |
1,281,396 |
USD |
|
— |
|
(69 |
) | |||||||
|
UBS AG |
10/3/2025 |
962,395 |
USD |
766,074 |
CHF |
|
— |
|
(550 |
) | |||||||
|
UBS AG |
10/3/2025 |
670,647 |
USD |
4,267,142 |
DKK |
|
— |
|
(1,095 |
) | |||||||
|
UBS AG |
10/3/2025 |
11,004,254 |
USD |
9,382,787 |
EUR |
|
— |
|
(21,194 |
) | |||||||
|
UBS AG |
10/3/2025 |
5,098,824 |
USD |
3,772,928 |
GBP |
|
19,488 |
|
— |
| |||||||
|
UBS AG |
10/3/2025 |
747,009 |
USD |
7,504,434 |
NOK |
|
— |
|
(5,110 |
) | |||||||
|
UBS AG |
10/3/2025 |
776,823 |
USD |
2,832,059 |
PLN |
|
— |
|
(3,809 |
) | |||||||
|
UBS AG |
10/3/2025 |
1,111,800 |
USD |
10,503,747 |
SEK |
|
— |
|
(5,090 |
) | |||||||
|
UBS AG |
11/5/2025 |
518,416 |
USD |
410,793 |
CHF |
|
3 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
322,157 |
USD |
2,041,759 |
DKK |
|
— |
|
(6 |
) | |||||||
|
UBS AG |
11/5/2025 |
4,003,335 |
USD |
3,400,085 |
EUR |
|
36 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
4,477,339 |
USD |
3,325,198 |
GBP |
|
8 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
352,919 |
USD |
3,520,552 |
NOK |
|
4 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
1,357,097 |
USD |
4,925,727 |
PLN |
|
— |
|
(16 |
) | |||||||
|
UBS AG |
11/5/2025 |
348,427 |
USD |
3,269,678 |
SEK |
|
9 |
|
— |
| |||||||
|
$ |
223,139 |
$ |
(220,630 |
) | |||||||||||||
^ Amount represents less than $1.
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
|
Quoted |
Other |
Significant |
Total | ||||||||||
|
Assets: |
|
|
|
|
| ||||||||
|
Investments in Securities |
|
|
|
|
| ||||||||
|
Common Stocks |
$ |
164,159,174 |
$ |
— |
|
$— |
$ |
164,159,174 |
| ||||
|
Mutual Fund |
|
— |
|
20,843 |
|
— |
|
20,843 |
| ||||
|
Total Investments in Securities |
$ |
164,159,174 |
$ |
20,843 |
|
$— |
$ |
164,180,017 |
| ||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
223,139 |
|
$— |
$ |
223,139 |
| ||||
|
Liabilities: |
|
|
|
|
| ||||||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
(220,630 |
) |
$— |
$ |
(220,630 |
) | ||||
|
Total – Net |
$ |
164,159,174 |
$ |
23,352 |
|
$— |
$ |
164,182,526 |
| ||||
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
8 WisdomTree Trust
|
Schedule of Investments (unaudited) WisdomTree India Hedged Equity Fund (INDH) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
COMMON STOCKS – 102.3% |
|
||||
|
India – 102.3% |
|
||||
|
Aerospace & Defense – 2.2% |
|
||||
|
Bharat Electronics Ltd. |
18,961 |
$ |
86,264 | ||
|
Hindustan Aeronautics Ltd. |
956 |
|
51,106 | ||
|
Total Aerospace & Defense |
|
137,370 | |||
|
Automobile Components – 0.3% |
|
||||
|
Tube Investments of India Ltd. |
504 |
|
17,578 | ||
|
Automobiles – 9.7% |
|
||||
|
Bajaj Auto Ltd. |
389 |
|
38,022 | ||
|
Eicher Motors Ltd. |
878 |
|
69,275 | ||
|
Hero MotoCorp Ltd. |
720 |
|
44,377 | ||
|
Mahindra & Mahindra Ltd. |
5,481 |
|
211,551 | ||
|
Maruti Suzuki India Ltd. |
724 |
|
130,704 | ||
|
Tata Motors Ltd. |
9,828 |
|
75,291 | ||
|
TVS Motor Co. Ltd. |
1,306 |
|
50,580 | ||
|
Total Automobiles |
|
619,800 | |||
|
Banks – 22.4% |
|
||||
|
Axis Bank Ltd. |
12,992 |
|
165,581 | ||
|
HDFC Bank Ltd. |
54,773 |
|
586,663 | ||
|
ICICI Bank Ltd. |
29,108 |
|
441,921 | ||
|
Kotak Mahindra Bank Ltd. |
6,135 |
|
137,689 | ||
|
State Bank of India |
9,895 |
|
97,230 | ||
|
Total Banks |
|
1,429,084 | |||
|
Beverages – 1.0% |
|
||||
|
United Spirits Ltd. |
1,905 |
|
28,413 | ||
|
Varun Beverages Ltd. |
6,609 |
|
33,027 | ||
|
Total Beverages |
|
61,440 | |||
|
Chemicals – 1.5% |
|
||||
|
Asian Paints Ltd. |
2,568 |
|
67,968 | ||
|
Pidilite Industries Ltd. |
1,688 |
|
27,909 | ||
|
Total Chemicals |
|
95,877 | |||
|
Construction & Engineering – 2.4% |
|
||||
|
Larsen & Toubro Ltd. |
3,671 |
|
151,283 | ||
|
Construction Materials – 2.9% |
|
||||
|
Ambuja Cements Ltd. |
4,419 |
|
28,366 | ||
|
Grasim Industries Ltd. |
2,100 |
|
65,205 | ||
|
UltraTech Cement Ltd. |
663 |
|
91,264 | ||
|
Total Construction Materials |
|
184,835 | |||
|
Consumer Staples Distribution & Retail – 0.7% |
|
||||
|
Avenue Supermarts Ltd.*(a) |
842 |
|
42,441 | ||
|
Electric Utilities – 1.9% |
|
||||
|
Power Grid Corp. of India Ltd. |
25,720 |
|
81,182 | ||
|
Tata Power Co. Ltd. |
9,004 |
|
39,412 | ||
|
Total Electric Utilities |
|
120,594 | |||
|
Investments |
Shares |
Value | |||
|
Electrical Equipment – 0.8% |
|
||||
|
Havells India Ltd. |
1,288 |
$ |
21,789 | ||
|
Siemens Energy India Ltd.* |
453 |
|
17,514 | ||
|
Suzlon Energy Ltd.* |
23,934 |
|
14,839 | ||
|
Total Electrical Equipment |
|
54,142 | |||
|
Financial Services – 0.8% |
|
||||
|
Bajaj Finserv Ltd. |
2,177 |
|
49,195 | ||
|
Food Products – 2.2% |
|
||||
|
Britannia Industries Ltd. |
674 |
|
45,478 | ||
|
Nestle India Ltd. |
3,825 |
|
49,667 | ||
|
Tata Consumer Products Ltd. |
3,435 |
|
43,689 | ||
|
Total Food Products |
|
138,834 | |||
|
Gas Utilities – 0.4% |
|
||||
|
GAIL India Ltd. |
12,862 |
|
25,537 | ||
|
Health Care Providers & Services – 1.6% |
|
||||
|
Apollo Hospitals Enterprise Ltd. |
583 |
|
48,649 | ||
|
Max Healthcare Institute Ltd. |
4,162 |
|
52,252 | ||
|
Total Health Care Providers & Services |
|
100,901 | |||
|
Hotels, Restaurants & Leisure – 2.3% |
|
||||
|
Eternal Ltd.* |
29,005 |
|
106,332 | ||
|
Indian Hotels Co. Ltd. |
5,115 |
|
41,496 | ||
|
Total Hotels, Restaurants & Leisure |
|
147,828 | |||
|
Independent Power & Renewable Electricity Producers – 1.8% |
|
||||
|
Adani Green Energy Ltd.* |
1,886 |
|
21,812 | ||
|
NTPC Ltd. |
24,802 |
|
95,100 | ||
|
Total Independent Power & Renewable Electricity Producers |
|
116,912 | |||
|
Industrial Conglomerates – 0.3% |
|
||||
|
Siemens Ltd. |
500 |
|
17,622 | ||
|
Insurance – 2.1% |
|
||||
|
HDFC Life Insurance Co. Ltd.(a) |
5,415 |
|
46,134 | ||
|
ICICI Lombard General Insurance Co. Ltd.(a) |
1,275 |
|
27,137 | ||
|
PB Fintech Ltd.* |
647 |
|
12,402 | ||
|
SBI Life Insurance Co. Ltd.(a) |
2,543 |
|
51,285 | ||
|
Total Insurance |
|
136,958 | |||
|
Interactive Media & Services – 0.5% |
|
||||
|
Info Edge India Ltd. |
2,173 |
|
32,044 | ||
|
IT Services – 11.6% |
|
||||
|
HCL Technologies Ltd. |
5,523 |
|
86,158 | ||
|
Infosys Ltd. |
20,226 |
|
328,441 | ||
|
LTIMindtree Ltd.(a) |
522 |
|
30,322 | ||
|
Persistent Systems Ltd. |
245 |
|
13,307 | ||
|
Tata Consultancy Services Ltd. |
5,667 |
|
184,354 | ||
|
Tech Mahindra Ltd. |
3,495 |
|
55,120 | ||
|
Wipro Ltd. |
15,943 |
|
42,982 | ||
|
Total IT Services |
|
740,684 | |||
See Notes to Financial Statements.
WisdomTree Trust 9
|
Schedule of Investments (unaudited) (continued) WisdomTree India Hedged Equity Fund (INDH) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Life Sciences Tools & Services – 0.7% |
|
||||
|
Divi’s Laboratories Ltd. |
740 |
$ |
47,419 | ||
|
Metals & Mining – 3.8% |
|
||||
|
Hindalco Industries Ltd. |
7,709 |
|
66,156 | ||
|
JSW Steel Ltd. |
5,432 |
|
69,909 | ||
|
Tata Steel Ltd. |
44,645 |
|
84,861 | ||
|
Vedanta Ltd. |
3,891 |
|
20,413 | ||
|
Total Metals & Mining |
|
241,339 | |||
|
Oil, Gas & Consumable Fuels – 11.9% |
|
||||
|
Bharat Petroleum Corp. Ltd. |
10,666 |
|
40,801 | ||
|
Coal India Ltd. |
9,793 |
|
43,010 | ||
|
Indian Oil Corp. Ltd. |
25,083 |
|
42,316 | ||
|
Oil & Natural Gas Corp. Ltd. |
22,326 |
|
60,222 | ||
|
Reliance Industries Ltd. |
37,089 |
|
569,773 | ||
|
Total Oil, Gas & Consumable Fuels |
|
756,122 | |||
|
Passenger Airlines – 0.4% |
|
||||
|
InterGlobe Aviation Ltd.(a) |
453 |
|
28,543 | ||
|
Personal Care Products – 2.8% |
|
||||
|
Godrej Consumer Products Ltd. |
2,170 |
|
28,519 | ||
|
Hindustan Unilever Ltd. |
5,190 |
|
146,975 | ||
|
Total Personal Care Products |
|
175,494 | |||
|
Pharmaceuticals – 3.2% |
|
||||
|
Cipla Ltd. |
2,920 |
|
49,439 | ||
|
Dr. Reddy’s Laboratories Ltd. |
3,335 |
|
45,963 | ||
|
Sun Pharmaceutical Industries Ltd. |
6,066 |
|
108,922 | ||
|
Total Pharmaceuticals |
|
204,324 | |||
|
Real Estate Management & Development – 0.4% |
|
||||
|
DLF Ltd. |
3,279 |
|
26,331 | ||
|
Specialty Retail – 0.9% |
|
||||
|
Trent Ltd. |
1,030 |
|
54,262 | ||
|
Investments |
Shares |
Value | ||||
|
Textiles, Apparel & Luxury Goods – 1.3% |
|
| ||||
|
Titan Co. Ltd. |
2,237 |
$ |
84,830 |
| ||
|
Tobacco – 1.2% |
|
| ||||
|
ITC Ltd. |
17,296 |
|
78,222 |
| ||
|
Trading Companies & Distributors – 0.7% |
|
| ||||
|
Adani Enterprises Ltd. |
1,563 |
|
44,113 |
| ||
|
Transportation Infrastructure – 1.0% |
|
| ||||
|
Adani Ports & Special Economic Zone Ltd. |
4,212 |
|
66,580 |
| ||
|
Wireless Telecommunication Services – 4.6% |
|
| ||||
|
Bharti Airtel Ltd. |
13,785 |
|
291,633 |
| ||
|
TOTAL COMMON STOCKS (COST: $6,151,498) |
|
6,520,171 |
| |||
|
PREFERRED STOCKS – 0.0% |
|
| ||||
|
India – 0.0% |
|
| ||||
|
TVS Motor Co. Ltd., 6.00%^ (Cost: $0) |
5,224 |
|
588 |
| ||
|
MUTUAL FUND – 0.2% |
|
| ||||
|
United States – 0.2% |
|
| ||||
|
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.00%(b) (Cost: $9,940) |
9,940 |
|
9,940 |
| ||
|
TOTAL INVESTMENTS IN SECURITIES – 102.5% (Cost: $6,161,438) |
|
6,530,699 |
| |||
|
Other Liabilities less Assets – (2.5)% |
|
(157,407 |
) | |||
|
NET ASSETS – 100.0% |
$ |
6,373,292 |
| |||
* Non-income producing security.
^ This security is being fair valued using significant unobservable inputs (i.e., Level 3 on the fair value hierarchy) by WisdomTree Asset Management, Inc., as valuation designee, in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust. The aggregate value of Level 3 fair valued securities is $588, which represents 0.0% of net assets.
(a) This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.
(b) Rate shown represents annualized 7-day yield as of September 30, 2025.
|
CURRENCY ABBREVIATIONS: | ||
|
INR |
Indian rupee | |
|
USD |
United States dollar | |
See Notes to Financial Statements.
10 WisdomTree Trust
|
Schedule of Investments (unaudited) (concluded) WisdomTree India Hedged Equity Fund (INDH) September 30, 2025
|
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| |||||||||||
|
Citibank NA |
10/6/2025 |
558,136,176 |
INR |
6,282,487 |
USD |
$ |
1,315 |
$ |
— | |||||||
|
Citibank NA |
11/6/2025 |
6,354,686 |
USD |
565,573,387 |
INR |
|
677 |
|
— | |||||||
|
Morgan Stanley & Co. International |
10/6/2025 |
6,320,049 |
USD |
558,136,176 |
INR |
|
36,247 |
|
— | |||||||
|
$ |
38,239 |
$ |
— | |||||||||||||
FUTURES CONTRACTS (EXCHANGE-TRADED)
|
Long Exposure |
Contracts |
Expiration Date |
Notional Value |
Unrealized
| ||||
|
IFSC NIFTY 50 |
1 |
10/28/25 |
$49,523 |
$(1) |
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
|
Quoted |
Other |
Significant
|
Total | ||||||||||||
|
Assets: |
|
|
|
|
|
|
| ||||||||
|
Investments in Securities |
|
|
|
|
|
|
| ||||||||
|
Common Stocks |
$ |
6,520,171 |
|
$ |
— |
$ |
— |
|
$ |
6,520,171 |
| ||||
|
Preferred Stocks |
|
— |
|
|
— |
|
588 |
* |
|
588 |
| ||||
|
Mutual Fund |
|
— |
|
|
9,940 |
|
— |
|
|
9,940 |
| ||||
|
Total Investments in Securities |
$ |
6,520,171 |
|
$ |
9,940 |
$ |
588 |
|
$ |
6,530,699 |
| ||||
|
Financial Derivative Instruments |
|
|
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
|
$ |
38,239 |
$ |
— |
|
$ |
38,239 |
| ||||
|
Liabilities: |
|
|
|
|
|
|
| ||||||||
|
Financial Derivative Instruments |
|
|
|
|
|
|
| ||||||||
|
Futures Contracts1 |
$ |
(1 |
) |
$ |
— |
$ |
— |
|
$ |
(1 |
) | ||||
|
Total – Net |
$ |
6,520,170 |
|
$ |
48,179 |
$ |
588 |
|
$ |
6,568,937 |
| ||||
* Fair valuations using significant unobservable inputs were determined by a valuation committee of WisdomTree Asset Management, Inc. in accordance with valuation procedures approved by the Board of Trustees of WisdomTree Trust.
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
WisdomTree Trust 11
|
Schedule of Investments (unaudited) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
COMMON STOCKS – 99.3% |
|
||||
|
Australia – 6.6% |
|
||||
|
Ampol Ltd. |
359,971 |
$ |
7,135,650 | ||
|
APA Group |
2,567,647 |
|
15,111,163 | ||
|
BlueScope Steel Ltd. |
331,725 |
|
4,988,412 | ||
|
Brambles Ltd. |
821,507 |
|
13,502,450 | ||
|
Breville Group Ltd.(a) |
66,144 |
|
1,314,231 | ||
|
Cochlear Ltd. |
24,511 |
|
4,536,322 | ||
|
Codan Ltd. |
101,570 |
|
1,987,154 | ||
|
Domino’s Pizza Enterprises Ltd. |
57,913 |
|
517,387 | ||
|
Glencore PLC* |
6,421,303 |
|
29,530,227 | ||
|
GrainCorp Ltd., Class A |
180,512 |
|
1,076,709 | ||
|
IDP Education Ltd. |
238,506 |
|
1,038,519 | ||
|
Netwealth Group Ltd. |
115,345 |
|
2,246,715 | ||
|
Pinnacle Investment Management Group Ltd. |
192,603 |
|
2,291,274 | ||
|
Pro Medicus Ltd. |
8,527 |
|
1,742,229 | ||
|
REA Group Ltd. |
29,786 |
|
4,561,278 | ||
|
Sonic Healthcare Ltd. |
472,034 |
|
6,707,299 | ||
|
Technology One Ltd. |
90,695 |
|
2,311,757 | ||
|
Wesfarmers Ltd. |
782,227 |
|
47,705,082 | ||
|
WiseTech Global Ltd. |
27,302 |
|
1,633,019 | ||
|
Total Australia |
|
149,936,877 | |||
|
Austria – 0.6% |
|
||||
|
Kontron AG(a) |
85,952 |
|
2,763,185 | ||
|
Mondi PLC |
440,469 |
|
6,072,130 | ||
|
Wienerberger AG |
127,867 |
|
4,119,682 | ||
|
Total Austria |
|
12,954,997 | |||
|
Belgium – 0.9% |
|
||||
|
Fagron |
64,259 |
|
1,493,475 | ||
|
Kinepolis Group NV |
21,705 |
|
816,108 | ||
|
Melexis NV |
64,286 |
|
5,094,906 | ||
|
Solvay SA |
141,227 |
|
4,483,744 | ||
|
Syensqo SA |
69,246 |
|
5,589,709 | ||
|
Tessenderlo Group SA |
73,475 |
|
2,231,711 | ||
|
Total Belgium |
|
19,709,653 | |||
|
Brazil – 0.2% |
|
||||
|
Yara International ASA |
127,261 |
|
4,650,260 | ||
|
Canada – 0.0% |
|
||||
|
Champion Iron Ltd. |
198,619 |
|
614,734 | ||
|
Chile – 0.5% |
|
||||
|
Antofagasta PLC |
280,167 |
|
10,376,081 | ||
|
China – 0.6% |
|
||||
|
Prosus NV* |
209,367 |
|
14,745,610 | ||
|
Denmark – 3.3% |
|
||||
|
Coloplast AS, Class B |
123,321 |
|
10,540,754 | ||
|
DSV AS |
19,484 |
|
3,878,214 | ||
|
Novo Nordisk AS, Class B |
919,513 |
|
49,885,114 | ||
|
Investments |
Shares |
Value | |||
|
Novonesis Novozymes, Class B |
97,382 |
$ |
5,964,510 | ||
|
Pandora AS |
36,859 |
|
4,806,384 | ||
|
Total Denmark |
|
75,074,976 | |||
|
Faroe Islands – 0.1% |
|
||||
|
Bakkafrost P/F |
29,465 |
|
1,350,728 | ||
|
Finland – 1.1% |
|
||||
|
Hiab OYJ, Class B |
27,105 |
|
1,580,316 | ||
|
Kone OYJ, Class B |
350,403 |
|
23,879,960 | ||
|
Total Finland |
|
25,460,276 | |||
|
France – 5.5% |
|
||||
|
Airbus SE |
237,413 |
|
55,066,747 | ||
|
BioMerieux |
28,472 |
|
3,807,133 | ||
|
FDJ UNITED |
234,255 |
|
7,844,613 | ||
|
Gaztransport & Technigaz SA |
30,937 |
|
5,728,912 | ||
|
Hermes International SCA |
18,611 |
|
45,550,879 | ||
|
Ipsen SA |
32,952 |
|
4,398,432 | ||
|
Vivendi SE* |
602,023 |
|
2,120,716 | ||
|
Total France |
|
124,517,432 | |||
|
Georgia – 0.2% |
|
||||
|
TBC Bank Group PLC |
56,989 |
|
3,486,990 | ||
|
Germany – 11.5% |
|
||||
|
AIXTRON SE |
115,490 |
|
2,001,586 | ||
|
Daimler Truck Holding AG |
990,746 |
|
40,767,704 | ||
|
Dermapharm Holding SE |
16,631 |
|
636,073 | ||
|
Deutsche Post AG, Registered Shares |
1,384,305 |
|
61,711,612 | ||
|
Fielmann Group AG |
53,577 |
|
3,235,782 | ||
|
HochTief AG |
66,198 |
|
17,718,884 | ||
|
Hugo Boss AG |
70,265 |
|
3,338,781 | ||
|
Knorr-Bremse AG |
84,000 |
|
7,881,193 | ||
|
Krones AG |
12,286 |
|
1,790,070 | ||
|
Nemetschek SE |
18,000 |
|
2,343,420 | ||
|
Rheinmetall AG |
10,862 |
|
25,327,871 | ||
|
SAP SE |
296,526 |
|
79,404,458 | ||
|
Schott Pharma AG & Co. KGaA |
40,004 |
|
991,799 | ||
|
Sixt SE |
36,067 |
|
3,489,887 | ||
|
Stroeer SE & Co. KGaA |
57,801 |
|
2,574,023 | ||
|
Suedzucker AG |
474,907 |
|
5,225,816 | ||
|
Wacker Neuson SE |
41,416 |
|
1,070,603 | ||
|
Total Germany |
|
259,509,562 | |||
|
Hong Kong – 0.7% |
|
||||
|
Pacific Basin Shipping Ltd. |
2,903,000 |
|
936,524 | ||
|
SUNeVision Holdings Ltd. |
2,543,000 |
|
2,245,439 | ||
|
Techtronic Industries Co. Ltd. |
749,500 |
|
9,589,831 | ||
|
VTech Holdings Ltd. |
439,700 |
|
3,543,415 | ||
|
Total Hong Kong |
|
16,315,209 | |||
|
Ireland – 0.1% |
|
||||
|
Kingspan Group PLC |
14,468 |
|
1,203,593 | ||
See Notes to Financial Statements.
12 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Israel – 0.8% |
|
||||
|
Camtek Ltd.* |
22,095 |
$ |
2,313,504 | ||
|
Hilan Ltd. |
6,036 |
|
467,020 | ||
|
Matrix IT Ltd. |
90,916 |
|
3,206,210 | ||
|
Newmed Energy LP |
2,126,928 |
|
11,228,583 | ||
|
Sapiens International Corp. NV |
30,965 |
|
1,332,897 | ||
|
Total Israel |
|
18,548,214 | |||
|
Italy – 2.2% |
|
||||
|
Amplifon SpA |
6,781 |
|
110,392 | ||
|
Brunello Cucinelli SpA |
23,226 |
|
2,538,021 | ||
|
Carel Industries SpA(b) |
13,190 |
|
346,386 | ||
|
DiaSorin SpA |
22,020 |
|
1,953,966 | ||
|
Ferrari NV |
26,452 |
|
12,792,978 | ||
|
Maire SpA |
150,555 |
|
2,228,966 | ||
|
Moncler SpA |
155,063 |
|
9,086,264 | ||
|
PRADA SpA |
1,226,900 |
|
7,379,945 | ||
|
Prysmian SpA |
69,132 |
|
6,837,948 | ||
|
Reply SpA |
9,932 |
|
1,414,416 | ||
|
Sesa SpA |
11,327 |
|
1,149,917 | ||
|
Technogym SpA(b) |
211,586 |
|
3,589,979 | ||
|
Zignago Vetro SpA(a) |
25,998 |
|
238,577 | ||
|
Total Italy |
|
49,667,755 | |||
|
Japan – 18.2% |
|
||||
|
Advantest Corp. |
104,200 |
|
10,336,392 | ||
|
Asics Corp. |
163,300 |
|
4,281,393 | ||
|
AZ-COM MARUWA Holdings, Inc. |
39,400 |
|
285,192 | ||
|
BayCurrent, Inc. |
33,100 |
|
1,949,893 | ||
|
Capcom Co. Ltd. |
181,600 |
|
4,946,858 | ||
|
Chugai Pharmaceutical Co. Ltd. |
515,700 |
|
22,515,717 | ||
|
Cosmo Energy Holdings Co. Ltd. |
170,800 |
|
4,141,482 | ||
|
Create Restaurants Holdings, Inc. |
164,300 |
|
861,077 | ||
|
CyberAgent, Inc. |
295,500 |
|
3,553,563 | ||
|
Daifuku Co. Ltd. |
147,400 |
|
4,733,847 | ||
|
Daihen Corp. |
11,000 |
|
612,994 | ||
|
Daiichi Sankyo Co. Ltd. |
603,000 |
|
13,535,193 | ||
|
Dentsu Soken, Inc. |
49,100 |
|
2,157,694 | ||
|
Dexerials Corp. |
110,800 |
|
1,707,934 | ||
|
Dip Corp. |
43,200 |
|
680,096 | ||
|
Disco Corp. |
26,900 |
|
8,471,537 | ||
|
Financial Partners Group Co. Ltd. |
142,700 |
|
2,298,699 | ||
|
Food & Life Cos. Ltd. |
49,100 |
|
2,572,277 | ||
|
Fujikura Ltd. |
77,000 |
|
7,536,547 | ||
|
Fujimi, Inc. |
68,600 |
|
1,006,112 | ||
|
Fujitsu Ltd. |
508,600 |
|
11,998,256 | ||
|
Future Corp. |
99,800 |
|
1,568,445 | ||
|
GMO Payment Gateway, Inc. |
25,700 |
|
1,443,836 | ||
|
Goldwin, Inc.(a) |
113,300 |
|
1,932,510 | ||
|
Hoya Corp. |
51,900 |
|
7,195,399 | ||
|
Internet Initiative Japan, Inc. |
45,600 |
|
808,502 | ||
|
Investments |
Shares |
Value | |||
|
Japan Material Co. Ltd. |
33,300 |
$ |
412,177 | ||
|
Justsystems Corp. |
36,700 |
|
1,191,566 | ||
|
Kakaku.com, Inc. |
140,591 |
|
2,417,040 | ||
|
Kasumigaseki Capital Co. Ltd.(a) |
8,400 |
|
546,027 | ||
|
Katitas Co. Ltd. |
106,100 |
|
2,013,734 | ||
|
Keyence Corp. |
27,700 |
|
10,349,636 | ||
|
Kobayashi Pharmaceutical Co. Ltd. |
50,300 |
|
1,828,286 | ||
|
Kobe Bussan Co. Ltd. |
45,400 |
|
1,249,318 | ||
|
Kotobuki Spirits Co. Ltd. |
55,900 |
|
686,993 | ||
|
Lasertec Corp. |
28,900 |
|
3,973,420 | ||
|
Macnica Holdings, Inc. |
245,700 |
|
3,415,527 | ||
|
Maruwa Co. Ltd. |
3,100 |
|
812,337 | ||
|
Meiko Electronics Co. Ltd. |
27,200 |
|
1,810,448 | ||
|
Micronics Japan Co. Ltd. |
36,800 |
|
1,465,172 | ||
|
MonotaRO Co. Ltd. |
70,100 |
|
1,023,365 | ||
|
Morinaga Milk Industry Co. Ltd. |
49,200 |
|
1,154,002 | ||
|
Murata Manufacturing Co. Ltd. |
965,100 |
|
18,398,883 | ||
|
Nextage Co. Ltd. |
123,000 |
|
1,967,200 | ||
|
Nihon Kohden Corp. |
154,200 |
|
1,765,075 | ||
|
Nihon M&A Center Holdings, Inc. |
493,500 |
|
2,523,889 | ||
|
Nintendo Co. Ltd. |
745,700 |
|
64,655,777 | ||
|
Nippon Steel Corp.(a) |
6,636,400 |
|
27,388,603 | ||
|
Nomura Research Institute Ltd. |
182,100 |
|
6,994,978 | ||
|
NSD Co. Ltd. |
45,200 |
|
1,064,466 | ||
|
Olympus Corp. |
147,500 |
|
1,868,656 | ||
|
Oracle Corp. |
49,100 |
|
5,020,212 | ||
|
Organo Corp. |
14,600 |
|
1,121,062 | ||
|
PAL GROUP Holdings Co. Ltd. |
115,700 |
|
1,966,395 | ||
|
Pan Pacific International Holdings Corp. |
574,800 |
|
3,794,766 | ||
|
Recruit Holdings Co. Ltd. |
130,400 |
|
7,031,013 | ||
|
Riken Keiki Co. Ltd. |
30,400 |
|
643,261 | ||
|
Rorze Corp. |
43,800 |
|
659,439 | ||
|
Round One Corp. |
185,700 |
|
1,643,430 | ||
|
Sanrio Co. Ltd.(a) |
62,100 |
|
2,922,823 | ||
|
SCREEN Holdings Co. Ltd.(a) |
77,400 |
|
7,054,230 | ||
|
Shin-Etsu Chemical Co. Ltd. |
925,500 |
|
30,412,374 | ||
|
Simplex Holdings, Inc. |
64,300 |
|
1,891,753 | ||
|
SMS Co. Ltd. |
26,700 |
|
281,852 | ||
|
Socionext, Inc.(a) |
116,100 |
|
2,193,310 | ||
|
Sysmex Corp. |
197,900 |
|
2,444,856 | ||
|
Tokyo Electron Ltd. |
259,900 |
|
46,389,031 | ||
|
Tokyo Ohka Kogyo Co. Ltd. |
79,400 |
|
2,606,434 | ||
|
Toridoll Holdings Corp. |
37,800 |
|
1,229,073 | ||
|
Towa Corp. |
73,800 |
|
1,067,885 | ||
|
Ulvac, Inc. |
49,300 |
|
2,152,796 | ||
|
Yaskawa Electric Corp. |
88,800 |
|
1,898,240 | ||
|
ZOZO, Inc. |
476,000 |
|
4,383,384 | ||
|
Total Japan |
|
412,915,639 | |||
See Notes to Financial Statements.
WisdomTree Trust 13
|
Schedule of Investments (unaudited) (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Netherlands – 7.3% |
|
||||
|
Arcadis NV |
18,418 |
$ |
928,405 | ||
|
ASM International NV |
6,195 |
|
3,718,176 | ||
|
ASML Holding NV |
89,170 |
|
86,763,953 | ||
|
Corbion NV |
73,927 |
|
1,422,836 | ||
|
Fugro NV(a) |
35,723 |
|
381,339 | ||
|
Heineken Holding NV |
184,174 |
|
12,627,197 | ||
|
Koninklijke KPN NV |
4,291,556 |
|
20,609,013 | ||
|
Universal Music Group NV |
946,024 |
|
27,300,355 | ||
|
Wolters Kluwer NV |
79,864 |
|
10,899,537 | ||
|
Total Netherlands |
|
164,650,811 | |||
|
Norway – 1.2% |
|
||||
|
Aker ASA, Class A |
84,887 |
|
6,661,441 | ||
|
Borregaard ASA |
67,072 |
|
1,305,436 | ||
|
Europris ASA(b) |
266,699 |
|
2,704,999 | ||
|
Kongsberg Gruppen ASA |
239,253 |
|
7,647,953 | ||
|
Mowi ASA |
460,577 |
|
9,730,565 | ||
|
Total Norway |
|
28,050,394 | |||
|
Portugal – 0.7% |
|
||||
|
Corticeira Amorim SGPS SA |
21,083 |
|
178,362 | ||
|
Jeronimo Martins SGPS SA |
646,907 |
|
15,734,392 | ||
|
Total Portugal |
|
15,912,754 | |||
|
Singapore – 0.0% |
|
||||
|
iFAST Corp. Ltd. |
120,500 |
|
829,068 | ||
|
Spain – 5.0% |
|
||||
|
Amadeus IT Group SA |
207,800 |
|
16,481,134 | ||
|
Industria de Diseno Textil SA |
1,711,706 |
|
94,468,607 | ||
|
Laboratorios Farmaceuticos Rovi SA |
30,231 |
|
2,065,571 | ||
|
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros |
126,101 |
|
191,138 | ||
|
Total Spain |
|
113,206,450 | |||
|
Sweden – 5.2% |
|
||||
|
AddTech AB, Class B |
45,687 |
|
1,482,565 | ||
|
Atlas Copco AB, Class A |
1,148,444 |
|
19,403,063 | ||
|
Axfood AB |
196,342 |
|
6,097,915 | ||
|
Beijer Ref AB |
60,114 |
|
937,334 | ||
|
Bilia AB, Class A |
66,778 |
|
816,522 | ||
|
BioGaia AB, Class B |
167,383 |
|
1,907,843 | ||
|
Bravida Holding AB(b) |
175,417 |
|
1,711,253 | ||
|
Bufab AB |
28,504 |
|
267,792 | ||
|
Epiroc AB, Class A |
339,847 |
|
7,169,051 | ||
|
Epiroc AB, Class B |
163,303 |
|
3,080,239 | ||
|
EQT AB |
354,892 |
|
12,286,189 | ||
|
Evolution AB(a)(b) |
170,358 |
|
14,008,876 | ||
|
Hemnet Group AB |
16,805 |
|
423,113 | ||
|
Indutrade AB |
33,686 |
|
772,925 | ||
|
JM AB |
81,507 |
|
1,217,609 | ||
|
Lifco AB, Class B |
49,355 |
|
1,667,714 | ||
|
Lindab International AB |
43,884 |
|
924,797 | ||
|
Investments |
Shares |
Value | |||
|
Munters Group AB(b) |
35,699 |
$ |
424,739 | ||
|
New Wave Group AB, Class B |
156,869 |
|
1,833,038 | ||
|
Nolato AB, Class B |
86,935 |
|
544,436 | ||
|
Paradox Interactive AB |
68,311 |
|
1,271,058 | ||
|
Sandvik AB |
785,937 |
|
21,877,312 | ||
|
Sectra AB, Class B |
33,570 |
|
1,114,348 | ||
|
Securitas AB, Class B |
392,763 |
|
5,913,307 | ||
|
SkiStar AB |
71,425 |
|
1,196,100 | ||
|
Sweco AB, Class B |
99,630 |
|
1,661,012 | ||
|
Thule Group AB(b) |
90,152 |
|
2,210,402 | ||
|
Trelleborg AB, Class B |
93,867 |
|
3,498,143 | ||
|
Truecaller AB, Class B |
175,758 |
|
775,158 | ||
|
Vitec Software Group AB, Class B |
20,354 |
|
717,198 | ||
|
Total Sweden |
|
117,211,051 | |||
|
Switzerland – 6.4% |
|
||||
|
Belimo Holding AG, Registered Shares |
3,666 |
|
3,831,181 | ||
|
Clariant AG, Registered Shares* |
177,515 |
|
1,639,836 | ||
|
Comet Holding AG, Registered Shares |
3,092 |
|
747,692 | ||
|
Geberit AG, Registered Shares |
20,141 |
|
15,117,458 | ||
|
Georg Fischer AG, Registered Shares |
39,120 |
|
3,045,917 | ||
|
Huber & Suhner AG, Registered Shares |
6,262 |
|
1,073,508 | ||
|
Logitech International SA, Registered Shares |
72,254 |
|
7,880,603 | ||
|
Lonza Group AG, Registered Shares |
13,889 |
|
9,202,892 | ||
|
SFS Group AG |
17,270 |
|
2,318,150 | ||
|
Sika AG, Registered Shares |
53,324 |
|
11,869,139 | ||
|
Sonova Holding AG, Registered Shares |
21,558 |
|
5,868,740 | ||
|
Stadler Rail AG(a) |
44,242 |
|
1,078,178 | ||
|
Straumann Holding AG, Registered Shares |
29,292 |
|
3,125,609 | ||
|
Sulzer AG, Registered Shares |
17,887 |
|
3,030,437 | ||
|
UBS Group AG, Registered Shares |
1,750,435 |
|
71,522,204 | ||
|
VAT Group AG(b) |
9,338 |
|
3,689,898 | ||
|
Total Switzerland |
|
145,041,442 | |||
|
United Kingdom – 8.8% |
|
||||
|
Admiral Group PLC |
297,085 |
|
13,406,348 | ||
|
Ashtead Group PLC |
114,510 |
|
7,654,000 | ||
|
Auto Trader Group PLC(b) |
201,483 |
|
2,137,965 | ||
|
B&M European Value Retail SA |
1,830,213 |
|
6,448,091 | ||
|
Barratt Redrow PLC |
798,225 |
|
4,189,906 | ||
|
Bellway PLC |
92,067 |
|
3,041,616 | ||
|
Bytes Technology Group PLC |
6,414 |
|
34,246 | ||
|
Compass Group PLC |
647,817 |
|
22,056,009 | ||
|
Croda International PLC |
94,897 |
|
3,454,498 | ||
|
Greggs PLC |
4,048 |
|
87,412 | ||
|
Hays PLC |
326,426 |
|
246,972 | ||
|
Howden Joinery Group PLC |
227,173 |
|
2,579,690 | ||
|
Imperial Brands PLC |
1,275,960 |
|
54,246,903 | ||
|
Inchcape PLC |
350,576 |
|
3,268,344 | ||
|
InterContinental Hotels Group PLC |
38,999 |
|
4,711,566 | ||
|
Intertek Group PLC |
64,530 |
|
4,102,168 | ||
|
JD Sports Fashion PLC |
596,718 |
|
765,575 | ||
See Notes to Financial Statements.
14 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Kainos Group PLC |
26,560 |
$ |
337,719 | ||
|
Man Group PLC |
1,310,399 |
|
3,147,199 | ||
|
MONY Group PLC |
427,128 |
|
1,139,692 | ||
|
Next PLC |
57,362 |
|
9,556,421 | ||
|
Persimmon PLC |
243,308 |
|
3,796,344 | ||
|
RELX PLC |
683,852 |
|
32,747,018 | ||
|
Renishaw PLC |
21,628 |
|
1,040,922 | ||
|
Rightmove PLC |
204,225 |
|
1,948,210 | ||
|
RS Group PLC |
18,356 |
|
140,486 | ||
|
Sage Group PLC |
364,123 |
|
5,392,207 | ||
|
Savills PLC |
72,382 |
|
929,618 | ||
|
Softcat PLC |
68,840 |
|
1,462,425 | ||
|
Spectris PLC |
46,690 |
|
2,577,113 | ||
|
Spirax Group PLC |
13,965 |
|
1,281,246 | ||
|
Telecom Plus PLC |
53,339 |
|
1,345,675 | ||
|
Total United Kingdom |
|
199,273,604 | |||
|
United States – 11.6% |
|
||||
|
Acerinox SA |
527,788 |
|
6,883,674 | ||
|
BP PLC |
20,250,908 |
|
116,071,320 | ||
|
CSL Ltd. |
148,991 |
|
19,571,013 | ||
|
Experian PLC |
175,604 |
|
8,799,065 | ||
|
GSK PLC |
3,992,883 |
|
84,635,978 | ||
|
Roche Holding AG, Bearer Shares |
82,034 |
|
28,064,670 | ||
|
Total United States |
|
264,025,720 | |||
|
TOTAL COMMON STOCKS (Cost: $1,859,361,731) |
|
2,249,239,880 | |||
|
EXCHANGE-TRADED FUNDS – 0.0% |
|
||||
|
United States – 0.0% |
|
||||
|
WisdomTree International Quality Dividend Growth Fund(c) (Cost: $170,491) |
6,017 |
|
239,958 | ||
|
MUTUAL FUND – 0.0% |
|
||||
|
United States – 0.0% |
|
||||
|
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.00%(d) (Cost: $993,806) |
993,806 |
|
993,806 | ||
|
Investments |
Shares |
Value | ||||
|
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.7% |
| |||||
|
United States – 1.7% |
|
| ||||
|
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.09%(d) |
29,659,996 |
$ |
29,659,996 |
| ||
|
WisdomTree Government Money Market Digital Fund, 4.10%(c)(d) |
8,400,000 |
|
8,400,000 |
| ||
|
TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED (Cost: $38,059,996) |
|
38,059,996 |
| |||
|
TOTAL INVESTMENTS IN SECURITIES – 101.0% (Cost: $1,898,586,024) |
|
2,288,533,640 |
| |||
|
Other Liabilities less Assets – (1.0)% |
|
(22,388,655 |
) | |||
|
NET ASSETS – 100.0% |
$ |
2,266,144,985 |
| |||
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2025 (See Note 2). At September 30, 2025, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $31,081,210 and the total market value of the collateral held by the Fund was $55,077,614. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $17,017,618.
(b) This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.
(c) Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.
(d) Rate shown represents annualized 7-day yield as of September 30, 2025.
|
CURRENCY ABBREVIATIONS: |
||
|
AUD |
Australian dollar | |
|
CHF |
Swiss franc | |
|
DKK |
Danish krone | |
|
EUR |
Euro | |
|
GBP |
British pound | |
|
HKD |
Hong Kong dollar | |
|
ILS |
Israel shekel | |
|
JPY |
Japanese yen | |
|
NOK |
Norwegian krone | |
|
SEK |
Swedish krona | |
|
SGD |
Singapore dollar | |
|
USD |
United States dollar |
INVESTMENT IN AFFILIATES
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2025 were as follows:
|
Affiliate |
Value at |
Purchases/ |
Sales/ |
Realized |
Change in |
Value at |
Dividend
|
Securities
| |||||||||||||||
|
WisdomTree Government Money Market Digital Fund |
$ |
— |
$ |
33,300,000 |
$ |
24,900,000 |
$— |
$ |
— |
$ |
8,400,000 |
$ |
— |
$ |
30,500 | ||||||||
|
WisdomTree International Quality Dividend Growth Fund |
|
214,687 |
|
— |
|
— |
— |
|
25,271 |
|
239,958 |
|
3,821 |
|
— | ||||||||
|
Total |
$ |
214,687 |
$ |
33,300,000 |
$ |
24,900,000 |
$— |
$ |
25,271 |
$ |
8,639,958 |
$ |
3,821 |
$ |
30,500 | ||||||||
See Notes to Financial Statements.
WisdomTree Trust 15
|
Schedule of Investments (unaudited) (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
Canadian Imperial Bank of Commerce |
10/3/2025 |
971,193,874 |
JPY |
6,639,083 |
USD |
$ |
— |
$ |
(62,270 |
) | |||||||
|
Citibank NA |
10/3/2025 |
3,521,961 |
AUD |
2,352,164 |
USD |
|
— |
|
(17,950 |
) | |||||||
|
Citibank NA |
10/3/2025 |
10,594,930 |
EUR |
12,568,434 |
USD |
|
— |
|
(118,631 |
) | |||||||
|
Commonwealth Bank of Australia |
10/3/2025 |
2,241,933 |
CHF |
2,851,821 |
USD |
|
— |
|
(33,742 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
1,115,887 |
AUD |
735,051 |
USD |
|
4,514 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
43,465,917 |
AUD |
28,807,810 |
USD |
|
— |
|
(345 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
705,477 |
CHF |
891,194 |
USD |
|
— |
|
(4,419 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
27,786,129 |
CHF |
34,927,294 |
USD |
|
— |
|
(511 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
8,281,026 |
DKK |
1,316,128 |
USD |
|
— |
|
(12,512 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
2,610,424 |
DKK |
411,290 |
USD |
|
— |
|
(352 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
102,392,836 |
DKK |
16,119,102 |
USD |
|
— |
|
(213 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
3,339,210 |
EUR |
3,927,636 |
USD |
|
— |
|
(3,824 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
130,995,051 |
EUR |
153,930,188 |
USD |
|
— |
|
(1,600 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
1,701,252 |
GBP |
2,302,993 |
USD |
|
— |
|
(12,669 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
67,043,044 |
GBP |
90,257,905 |
USD |
|
— |
|
(658 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
305,773,135 |
JPY |
2,074,713 |
USD |
|
— |
|
(4,053 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
12,007,273,435 |
JPY |
81,311,266 |
USD |
|
609 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
1,626,381 |
NOK |
162,688 |
USD |
|
313 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
63,617,026 |
NOK |
6,376,004 |
USD |
|
— |
|
(96 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
5,621,287 |
SEK |
600,774 |
USD |
|
— |
|
(3,049 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
221,427,091 |
SEK |
23,545,286 |
USD |
|
— |
|
(390 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
6,120 |
SGD |
4,776 |
USD |
|
— |
|
(29 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
241,273 |
SGD |
187,166 |
USD |
|
— |
|
(1 |
)^ | |||||||
|
Deutsche Bank AG |
10/3/2025 |
30,254,710 |
USD |
46,201,725 |
AUD |
|
— |
|
(365,939 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
36,681,551 |
USD |
29,198,808 |
CHF |
|
— |
|
(20,950 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
16,928,699 |
USD |
107,714,116 |
DKK |
|
— |
|
(27,877 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
161,661,481 |
USD |
137,850,202 |
EUR |
|
— |
|
(322,402 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
94,791,195 |
USD |
70,142,388 |
GBP |
|
361,431 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
85,395,203 |
USD |
12,495,407,648 |
JPY |
|
777,739 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
6,696,245 |
USD |
67,270,578 |
NOK |
|
— |
|
(45,834 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
24,727,870 |
USD |
233,619,519 |
SEK |
|
— |
|
(113,477 |
) | |||||||
|
Deutsche Bank AG |
10/3/2025 |
196,567 |
USD |
251,565 |
SGD |
|
1,418 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/6/2025 |
38,106,308 |
HKD |
4,898,221 |
USD |
|
— |
|
(143 |
) | |||||||
|
Deutsche Bank AG |
10/6/2025 |
972,706 |
HKD |
124,981 |
USD |
|
48 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/6/2025 |
289,394 |
ILS |
87,095 |
USD |
|
506 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/6/2025 |
11,276,195 |
ILS |
3,413,375 |
USD |
|
— |
|
(0 |
)^ | |||||||
|
Deutsche Bank AG |
10/6/2025 |
5,144,239 |
USD |
40,061,934 |
HKD |
|
— |
|
(5,210 |
) | |||||||
|
Deutsche Bank AG |
10/6/2025 |
3,584,815 |
USD |
11,988,277 |
ILS |
|
— |
|
(44,112 |
) | |||||||
|
Deutsche Bank AG |
11/5/2025 |
28,376,031 |
USD |
42,794,938 |
AUD |
|
57 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
34,556,044 |
USD |
27,382,002 |
CHF |
|
477 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
15,621,018 |
USD |
99,001,534 |
DKK |
|
— |
|
(164 |
) | |||||||
|
Deutsche Bank AG |
11/5/2025 |
158,995,652 |
USD |
135,037,214 |
EUR |
|
1,287 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
92,193,040 |
USD |
68,469,008 |
GBP |
|
497 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
4,887,417 |
USD |
37,996,354 |
HKD |
|
— |
|
(61 |
) | |||||||
|
Deutsche Bank AG |
11/5/2025 |
3,622,992 |
USD |
11,969,141 |
ILS |
|
— |
|
(200 |
) | |||||||
|
Deutsche Bank AG |
11/5/2025 |
6,806,184 |
USD |
67,895,565 |
NOK |
|
45 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/5/2025 |
23,523,119 |
USD |
220,751,179 |
SEK |
|
— |
|
(232 |
) | |||||||
|
Deutsche Bank AG |
11/5/2025 |
194,838 |
USD |
250,524 |
SGD |
|
— |
|
(10 |
) | |||||||
|
Deutsche Bank AG |
11/6/2025 |
83,022,166 |
USD |
12,216,502,261 |
JPY |
|
— |
|
(1,428 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,784,265 |
AUD |
1,176,082 |
USD |
|
6,457 |
|
— |
| |||||||
See Notes to Financial Statements.
16 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
Goldman Sachs |
10/3/2025 |
720,819 |
AUD |
472,029 |
USD |
$ |
5,701 |
$ |
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
43,466,035 |
AUD |
28,807,810 |
USD |
|
— |
|
(267 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,130,409 |
CHF |
1,425,911 |
USD |
|
— |
|
(5,002 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
457,805 |
CHF |
572,300 |
USD |
|
3,155 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
27,786,164 |
CHF |
34,927,294 |
USD |
|
— |
|
(467 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
4,169,534 |
DKK |
658,064 |
USD |
|
— |
|
(1,687 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,687,796 |
DKK |
264,119 |
USD |
|
1,577 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
102,393,968 |
DKK |
16,119,102 |
USD |
|
— |
|
(35 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
2,159,494 |
EUR |
2,522,216 |
USD |
|
15,345 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
5,335,211 |
EUR |
6,284,217 |
USD |
|
— |
|
(14,961 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
130,994,828 |
EUR |
153,930,188 |
USD |
|
— |
|
(1,862 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,107,888 |
GBP |
1,478,917 |
USD |
|
12,586 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
2,730,195 |
GBP |
3,684,789 |
USD |
|
— |
|
(9,241 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
67,042,546 |
GBP |
90,257,905 |
USD |
|
— |
|
(1,329 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
199,268,207 |
JPY |
1,332,322 |
USD |
|
17,099 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
490,401,103 |
JPY |
3,319,541 |
USD |
|
1,399 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
12,007,267,174 |
JPY |
81,311,266 |
USD |
|
566 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
2,587,783 |
NOK |
260,301 |
USD |
|
— |
|
(945 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,048,018 |
NOK |
104,474 |
USD |
|
562 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
63,617,224 |
NOK |
6,376,004 |
USD |
|
— |
|
(76 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
17,739,647 |
SEK |
1,922,478 |
USD |
|
— |
|
(36,177 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
9,009,219 |
SEK |
961,239 |
USD |
|
— |
|
(3,266 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
3,653,007 |
SEK |
385,800 |
USD |
|
2,633 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
221,428,252 |
SEK |
23,545,286 |
USD |
|
— |
|
(267 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
9,797 |
SGD |
7,641 |
USD |
|
— |
|
(41 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
3,966 |
SGD |
3,067 |
USD |
|
10 |
|
— |
| |||||||
|
Goldman Sachs |
10/3/2025 |
241,278 |
SGD |
187,166 |
USD |
|
3 |
|
— |
| |||||||
|
Goldman Sachs |
10/6/2025 |
1,553,682 |
HKD |
199,970 |
USD |
|
— |
|
(264 |
) | |||||||
|
Goldman Sachs |
10/6/2025 |
38,107,782 |
HKD |
4,898,221 |
USD |
|
47 |
|
— |
| |||||||
|
Goldman Sachs |
10/6/2025 |
624,423 |
HKD |
80,260 |
USD |
|
2 |
|
— |
| |||||||
|
Goldman Sachs |
10/6/2025 |
466,919 |
ILS |
139,351 |
USD |
|
1,988 |
|
— |
| |||||||
|
Goldman Sachs |
10/6/2025 |
187,484 |
ILS |
55,930 |
USD |
|
823 |
|
— |
| |||||||
|
Goldman Sachs |
10/6/2025 |
11,276,197 |
ILS |
3,413,375 |
USD |
|
0^ |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
28,376,031 |
USD |
42,794,732 |
AUD |
|
194 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
34,556,044 |
USD |
27,381,967 |
CHF |
|
520 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
15,621,018 |
USD |
99,000,264 |
DKK |
|
36 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
158,995,652 |
USD |
135,036,870 |
EUR |
|
1,693 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
92,193,040 |
USD |
68,468,601 |
GBP |
|
1,045 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
4,887,417 |
USD |
37,993,475 |
HKD |
|
309 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
3,622,992 |
USD |
11,968,358 |
ILS |
|
37 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
6,806,184 |
USD |
67,895,708 |
NOK |
|
31 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
23,523,119 |
USD |
220,746,383 |
SEK |
|
280 |
|
— |
| |||||||
|
Goldman Sachs |
11/5/2025 |
194,838 |
USD |
250,515 |
SGD |
|
— |
|
(3 |
) | |||||||
|
Goldman Sachs |
11/6/2025 |
83,022,166 |
USD |
12,216,446,055 |
JPY |
|
— |
|
(1,046 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
43,465,838 |
AUD |
28,807,810 |
USD |
|
— |
|
(397 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
27,786,129 |
CHF |
34,927,294 |
USD |
|
— |
|
(511 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
102,394,984 |
DKK |
16,119,102 |
USD |
|
125 |
|
— |
| |||||||
|
HSBC Holdings PLC |
10/3/2025 |
130,995,274 |
EUR |
153,930,188 |
USD |
|
— |
|
(1,338 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
67,042,895 |
GBP |
90,257,905 |
USD |
|
— |
|
(859 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
12,007,275,305 |
JPY |
81,311,266 |
USD |
|
621 |
|
— |
| |||||||
|
HSBC Holdings PLC |
10/3/2025 |
63,617,345 |
NOK |
6,376,004 |
USD |
|
— |
|
(64 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
221,428,487 |
SEK |
23,545,286 |
USD |
|
— |
|
(242 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
241,278 |
SGD |
187,166 |
USD |
|
3 |
|
— |
| |||||||
See Notes to Financial Statements.
WisdomTree Trust 17
|
Schedule of Investments (unaudited) (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
HSBC Holdings PLC |
10/6/2025 |
3,110,249 |
HKD |
399,941 |
USD |
$ |
— |
$ |
(158 |
) | |||||||
|
HSBC Holdings PLC |
10/6/2025 |
38,108,267 |
HKD |
4,898,221 |
USD |
|
109 |
|
— |
| |||||||
|
HSBC Holdings PLC |
10/6/2025 |
11,276,368 |
ILS |
3,413,375 |
USD |
|
52 |
|
— |
| |||||||
|
HSBC Holdings PLC |
11/5/2025 |
28,376,031 |
USD |
42,795,441 |
AUD |
|
— |
|
(277 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
34,556,044 |
USD |
27,382,624 |
CHF |
|
— |
|
(308 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
15,621,018 |
USD |
99,001,794 |
DKK |
|
— |
|
(205 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
158,995,652 |
USD |
135,037,501 |
EUR |
|
950 |
|
— |
| |||||||
|
HSBC Holdings PLC |
11/5/2025 |
92,193,040 |
USD |
68,468,337 |
GBP |
|
1,401 |
|
— |
| |||||||
|
HSBC Holdings PLC |
11/5/2025 |
4,887,417 |
USD |
37,994,887 |
HKD |
|
128 |
|
— |
| |||||||
|
HSBC Holdings PLC |
11/5/2025 |
3,622,992 |
USD |
11,968,963 |
ILS |
|
— |
|
(146 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
6,806,184 |
USD |
67,896,314 |
NOK |
|
— |
|
(30 |
) | |||||||
|
HSBC Holdings PLC |
11/5/2025 |
23,523,119 |
USD |
220,748,241 |
SEK |
|
82 |
|
— |
| |||||||
|
HSBC Holdings PLC |
11/5/2025 |
194,838 |
USD |
250,515 |
SGD |
|
— |
|
(3 |
) | |||||||
|
HSBC Holdings PLC |
11/6/2025 |
83,022,166 |
USD |
12,216,495,869 |
JPY |
|
— |
|
(1,384 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/1/2025 |
513,075 |
USD |
409,147 |
CHF |
|
— |
|
(1,154 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
1,564,698 |
AUD |
1,029,072 |
USD |
|
7,947 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
994,701 |
CHF |
1,247,672 |
USD |
|
2,653 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
3,663,591 |
DKK |
575,806 |
USD |
|
924 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
4,687,074 |
EUR |
5,498,690 |
USD |
|
8,959 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
2,402,746 |
GBP |
3,224,190 |
USD |
|
10,527 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
431,637,033 |
JPY |
2,904,599 |
USD |
|
18,397 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
2,272,613 |
NOK |
227,763 |
USD |
|
6 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
7,920,402 |
SEK |
841,084 |
USD |
|
1,112 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
8,624 |
SGD |
6,686 |
USD |
|
4 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
30,254,707 |
USD |
46,201,206 |
AUD |
|
— |
|
(365,597 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
36,681,551 |
USD |
29,198,830 |
CHF |
|
— |
|
(20,977 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
16,928,697 |
USD |
107,713,202 |
DKK |
|
— |
|
(27,735 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
161,661,477 |
USD |
137,841,266 |
EUR |
|
— |
|
(311,905 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
94,791,194 |
USD |
70,141,246 |
GBP |
|
362,968 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
85,395,201 |
USD |
12,495,410,088 |
JPY |
|
777,721 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
6,696,244 |
USD |
67,269,483 |
NOK |
|
— |
|
(45,725 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
24,727,870 |
USD |
233,617,956 |
SEK |
|
— |
|
(113,311 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
196,564 |
USD |
251,570 |
SGD |
|
1,411 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/6/2025 |
1,361,633 |
HKD |
174,974 |
USD |
|
47 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/6/2025 |
404,097 |
ILS |
121,932 |
USD |
|
391 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/6/2025 |
5,144,235 |
USD |
40,057,798 |
HKD |
|
— |
|
(4,683 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/6/2025 |
3,584,814 |
USD |
11,988,835 |
ILS |
|
— |
|
(44,281 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
5,395,760 |
GBP |
7,369,578 |
USD |
|
— |
|
(105,492 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
19,483 |
SGD |
15,282 |
USD |
|
— |
|
(168 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
30,254,710 |
USD |
46,201,824 |
AUD |
|
— |
|
(366,004 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
36,681,551 |
USD |
29,198,808 |
CHF |
|
— |
|
(20,950 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
16,928,699 |
USD |
107,715,348 |
DKK |
|
— |
|
(28,071 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
161,661,481 |
USD |
137,841,269 |
EUR |
|
— |
|
(311,905 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
94,791,195 |
USD |
70,141,817 |
GBP |
|
362,200 |
|
— |
| |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
85,395,203 |
USD |
12,495,424,727 |
JPY |
|
777,624 |
|
— |
| |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
6,696,245 |
USD |
67,270,477 |
NOK |
|
— |
|
(45,824 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
24,727,870 |
USD |
233,620,137 |
SEK |
|
— |
|
(113,543 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
196,567 |
USD |
251,527 |
SGD |
|
1,448 |
|
— |
| |||||||
|
Morgan Stanley & Co. International |
10/6/2025 |
5,144,239 |
USD |
40,060,185 |
HKD |
|
— |
|
(4,985 |
) | |||||||
|
Morgan Stanley & Co. International |
10/6/2025 |
3,584,815 |
USD |
11,988,930 |
ILS |
|
— |
|
(44,309 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
2,241,108 |
AUD |
1,470,102 |
USD |
|
15,215 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
43,465,834 |
AUD |
28,807,807 |
USD |
|
— |
|
(397 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
27,786,163 |
CHF |
34,927,293 |
USD |
|
— |
|
(467 |
) | |||||||
See Notes to Financial Statements.
18 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
Royal Bank of Canada |
10/3/2025 |
1,417,733 |
CHF |
1,782,388 |
USD |
$ |
— |
$ |
(317 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
5,223,272 |
DKK |
822,580 |
USD |
|
— |
|
(322 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
102,392,814 |
DKK |
16,119,098 |
USD |
|
— |
|
(212 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
6,682,874 |
EUR |
7,855,271 |
USD |
|
— |
|
(2,414 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
130,994,937 |
EUR |
153,930,185 |
USD |
|
— |
|
(1,731 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
3,405,757 |
GBP |
4,605,986 |
USD |
|
— |
|
(20,959 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
67,042,792 |
GBP |
90,257,901 |
USD |
|
— |
|
(993 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
608,666,288 |
JPY |
4,149,427 |
USD |
|
— |
|
(27,609 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
12,007,281,271 |
JPY |
81,311,264 |
USD |
|
664 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
5,086,832 |
NOK |
520,602 |
USD |
|
— |
|
(10,783 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
3,265,260 |
NOK |
325,376 |
USD |
|
1,879 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
63,617,211 |
NOK |
6,376,004 |
USD |
|
— |
|
(77 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
11,236,624 |
SEK |
1,201,549 |
USD |
|
— |
|
(6,731 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
221,428,002 |
SEK |
23,545,282 |
USD |
|
— |
|
(289 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
12,240 |
SGD |
9,551 |
USD |
|
— |
|
(56 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
241,274 |
SGD |
187,165 |
USD |
|
1 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
30,254,710 |
USD |
46,201,189 |
AUD |
|
— |
|
(365,583 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
36,681,551 |
USD |
29,198,698 |
CHF |
|
— |
|
(20,811 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
16,928,699 |
USD |
107,713,130 |
DKK |
|
— |
|
(27,722 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
161,661,481 |
USD |
137,841,034 |
EUR |
|
— |
|
(311,629 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
94,791,195 |
USD |
70,141,454 |
GBP |
|
362,689 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
85,395,203 |
USD |
12,495,388,861 |
JPY |
|
777,867 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
6,696,245 |
USD |
67,269,788 |
NOK |
|
— |
|
(45,755 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
24,727,870 |
USD |
233,618,580 |
SEK |
|
— |
|
(113,377 |
) | |||||||
|
Royal Bank of Canada |
10/3/2025 |
196,567 |
USD |
251,558 |
SGD |
|
1,423 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/6/2025 |
1,946,781 |
HKD |
249,963 |
USD |
|
271 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/6/2025 |
38,107,308 |
HKD |
4,898,218 |
USD |
|
— |
|
(11 |
) | |||||||
|
Royal Bank of Canada |
10/6/2025 |
930,171 |
ILS |
278,703 |
USD |
|
2,865 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/6/2025 |
582,448 |
ILS |
174,189 |
USD |
|
2,122 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/6/2025 |
11,276,194 |
ILS |
3,413,374 |
USD |
|
0^ |
|
— |
| |||||||
|
Royal Bank of Canada |
10/6/2025 |
5,144,239 |
USD |
40,058,431 |
HKD |
|
— |
|
(4,760 |
) | |||||||
|
Royal Bank of Canada |
10/6/2025 |
3,584,815 |
USD |
11,988,475 |
ILS |
|
— |
|
(44,172 |
) | |||||||
|
Royal Bank of Canada |
11/5/2025 |
28,376,031 |
USD |
42,794,990 |
AUD |
|
23 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
34,556,042 |
USD |
27,382,173 |
CHF |
|
259 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
15,621,018 |
USD |
99,000,685 |
DKK |
|
— |
|
(30 |
) | |||||||
|
Royal Bank of Canada |
11/5/2025 |
158,995,650 |
USD |
135,037,327 |
EUR |
|
1,152 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
92,193,037 |
USD |
68,469,107 |
GBP |
|
360 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
4,887,414 |
USD |
37,993,930 |
HKD |
|
248 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
3,622,989 |
USD |
11,969,312 |
ILS |
|
— |
|
(254 |
) | |||||||
|
Royal Bank of Canada |
11/5/2025 |
6,806,183 |
USD |
67,896,059 |
NOK |
|
— |
|
(5 |
) | |||||||
|
Royal Bank of Canada |
11/5/2025 |
23,523,115 |
USD |
220,748,462 |
SEK |
|
54 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/5/2025 |
194,835 |
USD |
250,516 |
SGD |
|
— |
|
(7 |
) | |||||||
|
Royal Bank of Canada |
11/6/2025 |
83,022,165 |
USD |
12,216,477,208 |
JPY |
|
— |
|
(1,258 |
) | |||||||
|
UBS AG |
10/3/2025 |
43,465,943 |
AUD |
28,807,810 |
USD |
|
— |
|
(328 |
) | |||||||
|
UBS AG |
10/3/2025 |
27,786,129 |
CHF |
34,927,294 |
USD |
|
— |
|
(511 |
) | |||||||
|
UBS AG |
10/3/2025 |
102,393,017 |
DKK |
16,119,102 |
USD |
|
— |
|
(184 |
) | |||||||
|
UBS AG |
10/3/2025 |
130,995,051 |
EUR |
153,930,188 |
USD |
|
— |
|
(1,600 |
) | |||||||
|
UBS AG |
10/3/2025 |
67,042,820 |
GBP |
90,257,905 |
USD |
|
— |
|
(960 |
) | |||||||
|
UBS AG |
10/3/2025 |
12,007,763,173 |
JPY |
81,311,266 |
USD |
|
3,925 |
|
— |
| |||||||
|
UBS AG |
10/3/2025 |
63,615,942 |
NOK |
6,376,004 |
USD |
|
— |
|
(205 |
) | |||||||
|
UBS AG |
10/3/2025 |
221,418,834 |
SEK |
23,545,286 |
USD |
|
— |
|
(1,268 |
) | |||||||
|
UBS AG |
10/3/2025 |
241,276 |
SGD |
187,166 |
USD |
|
1 |
|
— |
| |||||||
|
UBS AG |
10/3/2025 |
30,254,710 |
USD |
46,202,177 |
AUD |
|
— |
|
(366,238 |
) | |||||||
See Notes to Financial Statements.
WisdomTree Trust 19
|
Schedule of Investments (unaudited) (concluded) WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) September 30, 2025
|
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
UBS AG |
10/3/2025 |
36,681,551 |
USD |
29,198,808 |
CHF |
$ |
— |
$ |
(20,950 |
) | |||||||
|
UBS AG |
10/3/2025 |
16,928,699 |
USD |
107,712,656 |
DKK |
|
— |
|
(27,647 |
) | |||||||
|
UBS AG |
10/3/2025 |
161,661,481 |
USD |
137,840,799 |
EUR |
|
— |
|
(311,353 |
) | |||||||
|
UBS AG |
10/3/2025 |
94,791,195 |
USD |
70,141,739 |
GBP |
|
362,304 |
|
— |
| |||||||
|
UBS AG |
10/3/2025 |
85,395,203 |
USD |
12,495,956,910 |
JPY |
|
774,020 |
|
— |
| |||||||
|
UBS AG |
10/3/2025 |
6,696,245 |
USD |
67,270,310 |
NOK |
|
— |
|
(45,807 |
) | |||||||
|
UBS AG |
10/3/2025 |
24,727,870 |
USD |
233,616,923 |
SEK |
|
— |
|
(113,201 |
) | |||||||
|
UBS AG |
10/3/2025 |
196,567 |
USD |
251,559 |
SGD |
|
1,423 |
|
— |
| |||||||
|
UBS AG |
10/6/2025 |
38,107,435 |
HKD |
4,898,221 |
USD |
|
2 |
|
— |
| |||||||
|
UBS AG |
10/6/2025 |
11,276,273 |
ILS |
3,413,375 |
USD |
|
23 |
|
— |
| |||||||
|
UBS AG |
10/6/2025 |
5,144,239 |
USD |
40,060,381 |
HKD |
|
— |
|
(5,011 |
) | |||||||
|
UBS AG |
10/6/2025 |
3,584,815 |
USD |
11,988,421 |
ILS |
|
— |
|
(44,155 |
) | |||||||
|
UBS AG |
11/5/2025 |
28,376,031 |
USD |
42,795,312 |
AUD |
|
— |
|
(191 |
) | |||||||
|
UBS AG |
11/5/2025 |
34,556,044 |
USD |
27,382,209 |
CHF |
|
215 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
15,621,018 |
USD |
99,002,497 |
DKK |
|
— |
|
(316 |
) | |||||||
|
UBS AG |
11/5/2025 |
158,995,652 |
USD |
135,037,100 |
EUR |
|
1,422 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
92,193,040 |
USD |
68,469,262 |
GBP |
|
155 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
4,887,417 |
USD |
37,995,914 |
HKD |
|
— |
|
(4 |
) | |||||||
|
UBS AG |
11/5/2025 |
3,622,992 |
USD |
11,968,924 |
ILS |
|
— |
|
(134 |
) | |||||||
|
UBS AG |
11/5/2025 |
6,806,184 |
USD |
67,895,259 |
NOK |
|
76 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
23,523,119 |
USD |
220,743,560 |
SEK |
|
580 |
|
— |
| |||||||
|
UBS AG |
11/5/2025 |
194,838 |
USD |
250,513 |
SGD |
|
— |
|
(2 |
) | |||||||
|
UBS AG |
11/6/2025 |
83,022,166 |
USD |
12,217,010,606 |
JPY |
|
— |
|
(4,882 |
) | |||||||
|
$ |
5,872,087 |
$ |
(5,238,508 |
) | |||||||||||||
^ Amount represents less than $1.
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
|
Quoted
|
Other
|
Significant
|
Total | ||||||||||
|
Assets: |
|
|
|
|
| ||||||||
|
Investments in Securities |
|
|
|
|
| ||||||||
|
Common Stocks |
$ |
2,249,239,880 |
$ |
— |
|
$— |
$ |
2,249,239,880 |
| ||||
|
Exchange-Traded Fund |
|
239,958 |
|
— |
|
— |
|
239,958 |
| ||||
|
Mutual Fund |
|
— |
|
993,806 |
|
— |
|
993,806 |
| ||||
|
Investment of Cash Collateral for Securities Loaned |
|
— |
|
38,059,996 |
|
— |
|
38,059,996 |
| ||||
|
Total Investments in Securities |
$ |
2,249,479,838 |
$ |
39,053,802 |
|
$— |
$ |
2,288,533,640 |
| ||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
5,872,087 |
|
$— |
$ |
5,872,087 |
| ||||
|
Liabilities: |
|
|
|
|
| ||||||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
(5,238,508 |
) |
$— |
$ |
(5,238,508 |
) | ||||
|
Total – Net |
$ |
2,249,479,838 |
$ |
39,687,381 |
|
$— |
$ |
2,289,167,219 |
| ||||
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
20 WisdomTree Trust
|
Schedule of Investments (unaudited) WisdomTree Japan Hedged Equity Fund (DXJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
COMMON STOCKS – 99.1% |
|
||||
|
Japan – 99.1% |
|
||||
|
Air Freight & Logistics – 0.3% |
|
||||
|
Mitsui-Soko Holdings Co. Ltd.(a) |
97,700 |
$ |
2,735,481 | ||
|
Nippon Express Holdings, Inc. |
384,000 |
|
8,739,032 | ||
|
Total Air Freight & Logistics |
|
11,474,513 | |||
|
Automobile Components – 4.8% |
|
||||
|
Aisan Industry Co. Ltd. |
165,200 |
|
2,099,607 | ||
|
Bridgestone Corp. |
1,008,685 |
|
46,771,675 | ||
|
Daikyonishikawa Corp. |
462,500 |
|
2,295,511 | ||
|
Eagle Industry Co. Ltd. |
98,000 |
|
1,740,556 | ||
|
Exedy Corp. |
77,900 |
|
2,742,865 | ||
|
Fujikura Composites, Inc. |
182,600 |
|
2,366,499 | ||
|
FuKoKu Co. Ltd. |
34,000 |
|
426,827 | ||
|
Futaba Industrial Co. Ltd. |
279,800 |
|
1,822,579 | ||
|
GS Yuasa Corp. |
120,984 |
|
2,867,211 | ||
|
G-Tekt Corp. |
165,400 |
|
2,219,743 | ||
|
JTEKT Corp. |
557,678 |
|
5,552,802 | ||
|
KYB Corp. |
133,700 |
|
3,553,323 | ||
|
Musashi Seimitsu Industry Co. Ltd. |
99,300 |
|
2,319,701 | ||
|
NHK Spring Co. Ltd. |
306,200 |
|
4,615,237 | ||
|
Nichirin Co. Ltd. |
50,700 |
|
1,282,219 | ||
|
Nifco, Inc. |
97,290 |
|
2,944,688 | ||
|
Niterra Co. Ltd.(a) |
339,064 |
|
13,118,541 | ||
|
NPR-RIKEN Corp. |
96,000 |
|
1,998,849 | ||
|
Pacific Industrial Co. Ltd. |
137,200 |
|
2,469,293 | ||
|
Press Kogyo Co. Ltd. |
457,500 |
|
1,991,892 | ||
|
Sanoh Industrial Co. Ltd. |
264,700 |
|
1,661,488 | ||
|
Seiren Co. Ltd. |
71,010 |
|
1,466,503 | ||
|
Shoei Co. Ltd. |
89,200 |
|
1,062,415 | ||
|
Sumitomo Electric Industries Ltd. |
1,222,483 |
|
34,915,078 | ||
|
Sumitomo Riko Co. Ltd. |
181,700 |
|
2,714,089 | ||
|
Sumitomo Rubber Industries Ltd. |
423,691 |
|
5,159,686 | ||
|
Tachi-S Co. Ltd. |
169,400 |
|
2,256,220 | ||
|
Tokai Rika Co. Ltd. |
160,614 |
|
2,911,356 | ||
|
Topre Corp. |
138,200 |
|
2,174,742 | ||
|
Toyo Tire Corp. |
330,700 |
|
8,802,395 | ||
|
Toyoda Gosei Co. Ltd. |
249,900 |
|
6,230,367 | ||
|
Toyota Boshoku Corp. |
362,536 |
|
6,025,288 | ||
|
Unipres Corp. |
197,600 |
|
1,640,367 | ||
|
Yokohama Rubber Co. Ltd. |
222,900 |
|
8,278,474 | ||
|
Total Automobile Components |
|
190,498,086 | |||
|
Automobiles – 9.5% |
|
||||
|
Honda Motor Co. Ltd.(a) |
9,939,541 |
|
103,039,830 | ||
|
Isuzu Motors Ltd. |
1,441,400 |
|
18,246,249 | ||
|
Mazda Motor Corp.(a) |
1,164,700 |
|
8,525,176 | ||
|
Mitsubishi Motors Corp.(a) |
1,937,600 |
|
5,274,166 | ||
|
Subaru Corp. |
1,196,467 |
|
24,547,483 | ||
|
Suzuki Motor Corp. |
1,855,844 |
|
27,149,345 | ||
|
Investments |
Shares |
Value | |||
|
Toyota Motor Corp. |
9,538,750 |
$ |
184,044,880 | ||
|
Yamaha Motor Co. Ltd.(a) |
1,424,900 |
|
10,709,544 | ||
|
Total Automobiles |
|
381,536,673 | |||
|
Banks – 10.8% |
|
||||
|
Mitsubishi UFJ Financial Group, Inc.(a) |
12,003,722 |
|
194,582,459 | ||
|
Mizuho Financial Group, Inc.(a) |
3,293,964 |
|
111,252,276 | ||
|
Sumitomo Mitsui Financial Group, Inc. |
4,478,700 |
|
126,641,509 | ||
|
Total Banks |
|
432,476,244 | |||
|
Beverages – 1.1% |
|
||||
|
Asahi Group Holdings Ltd. |
1,495,000 |
|
17,973,203 | ||
|
Kirin Holdings Co. Ltd. |
1,037,645 |
|
15,229,005 | ||
|
Sapporo Holdings Ltd. |
27,900 |
|
1,396,275 | ||
|
Suntory Beverage & Food Ltd. |
239,800 |
|
7,509,734 | ||
|
Takara Holdings, Inc. |
224,400 |
|
2,652,200 | ||
|
Total Beverages |
|
44,760,417 | |||
|
Broadline Retail – 0.2% |
|
||||
|
Ryohin Keikaku Co. Ltd. |
413,900 |
|
8,253,618 | ||
|
Building Products – 1.0% |
|
||||
|
Central Glass Co. Ltd. |
84,500 |
|
1,873,836 | ||
|
Daikin Industries Ltd. |
150,949 |
|
17,457,487 | ||
|
Lixil Corp. |
642,000 |
|
7,911,704 | ||
|
Nihon Flush Co. Ltd. |
90,900 |
|
496,708 | ||
|
Nitto Boseki Co. Ltd. |
22,900 |
|
1,023,395 | ||
|
Okabe Co. Ltd. |
101,100 |
|
640,753 | ||
|
Sanwa Holdings Corp. |
321,531 |
|
9,222,367 | ||
|
TOTO Ltd.(a) |
141,000 |
|
3,717,737 | ||
|
Total Building Products |
|
42,343,987 | |||
|
Capital Markets – 1.5% |
|
||||
|
Monex Group, Inc. |
632,800 |
|
3,577,804 | ||
|
Nomura Holdings, Inc. |
3,891,800 |
|
28,605,132 | ||
|
SBI Holdings, Inc. |
578,400 |
|
25,206,232 | ||
|
Sparx Group Co. Ltd. |
126,400 |
|
1,367,690 | ||
|
Total Capital Markets |
|
58,756,858 | |||
|
Chemicals – 6.4% |
|
||||
|
ADEKA Corp. |
156,100 |
|
3,489,089 | ||
|
Aica Kogyo Co. Ltd. |
150,500 |
|
3,794,983 | ||
|
Arakawa Chemical Industries Ltd. |
35,900 |
|
266,421 | ||
|
Artience Co. Ltd. |
86,500 |
|
1,833,260 | ||
|
Asahi Kasei Corp. |
1,909,460 |
|
15,056,141 | ||
|
Asahi Yukizai Corp. |
32,900 |
|
1,024,749 | ||
|
C Uyemura & Co. Ltd. |
23,000 |
|
1,822,121 | ||
|
Chugoku Marine Paints Ltd.(a) |
165,500 |
|
4,017,453 | ||
|
Daicel Corp. |
445,742 |
|
4,073,053 | ||
|
Denka Co. Ltd.(a) |
161,815 |
|
2,501,978 | ||
|
DIC Corp. |
120,053 |
|
2,967,082 | ||
|
Fujimi, Inc. |
120,000 |
|
1,759,962 | ||
|
Fuso Chemical Co. Ltd. |
51,800 |
|
1,718,658 | ||
|
Ishihara Sangyo Kaisha Ltd. |
138,300 |
|
2,170,697 | ||
|
JCU Corp. |
42,100 |
|
1,301,327 | ||
See Notes to Financial Statements.
WisdomTree Trust 21
|
Schedule of Investments (unaudited) (continued) WisdomTree Japan Hedged Equity Fund (DXJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
JSP Corp. |
130,100 |
$ |
1,709,883 | ||
|
Kaneka Corp. |
84,600 |
|
2,410,514 | ||
|
Kansai Paint Co. Ltd.(a) |
161,200 |
|
2,632,182 | ||
|
Kanto Denka Kogyo Co. Ltd. |
135,200 |
|
877,928 | ||
|
KH Neochem Co. Ltd. |
101,900 |
|
1,923,670 | ||
|
Kumiai Chemical Industry Co. Ltd. |
340,200 |
|
1,905,037 | ||
|
Kuraray Co. Ltd. |
368,237 |
|
4,247,498 | ||
|
Kureha Corp.(a) |
85,700 |
|
2,216,704 | ||
|
Lintec Corp. |
113,647 |
|
2,801,064 | ||
|
Mitsubishi Chemical Group Corp.(a) |
2,255,963 |
|
13,004,038 | ||
|
Mitsubishi Gas Chemical Co., Inc. |
285,182 |
|
5,102,708 | ||
|
Mitsui Chemicals, Inc. |
332,115 |
|
8,325,082 | ||
|
Moriroku Co. Ltd. |
77,900 |
|
1,360,356 | ||
|
Nihon Nohyaku Co. Ltd. |
218,300 |
|
1,484,059 | ||
|
Nippon Kayaku Co. Ltd. |
302,300 |
|
2,844,201 | ||
|
Nippon Paint Holdings Co. Ltd. |
1,300,900 |
|
8,896,699 | ||
|
Nippon Sanso Holdings Corp. |
166,453 |
|
5,913,796 | ||
|
Nippon Shokubai Co. Ltd. |
244,000 |
|
3,013,549 | ||
|
Nippon Soda Co. Ltd. |
136,300 |
|
3,184,040 | ||
|
Nissan Chemical Corp. |
171,153 |
|
6,223,324 | ||
|
Nitto Denko Corp. |
661,070 |
|
15,742,853 | ||
|
NOF Corp. |
168,300 |
|
2,948,113 | ||
|
Okamoto Industries, Inc. |
25,900 |
|
889,142 | ||
|
Osaka Soda Co. Ltd. |
95,000 |
|
1,065,883 | ||
|
PILLAR Corp. |
51,200 |
|
1,428,337 | ||
|
Resonac Holdings Corp. |
138,900 |
|
4,722,327 | ||
|
Riken Technos Corp. |
101,000 |
|
861,699 | ||
|
Sakata INX Corp. |
143,800 |
|
2,265,786 | ||
|
Sanyo Chemical Industries Ltd. |
63,300 |
|
1,765,894 | ||
|
Shin-Etsu Chemical Co. Ltd. |
1,354,695 |
|
44,515,928 | ||
|
Shin-Etsu Polymer Co. Ltd. |
152,900 |
|
1,980,551 | ||
|
Sumitomo Bakelite Co. Ltd. |
103,800 |
|
3,488,231 | ||
|
Sumitomo Seika Chemicals Co. Ltd. |
54,800 |
|
1,764,390 | ||
|
T Hasegawa Co. Ltd. |
66,800 |
|
1,318,495 | ||
|
Taiyo Holdings Co. Ltd. |
85,352 |
|
4,669,697 | ||
|
Takasago International Corp. |
134,200 |
|
1,470,262 | ||
|
Teijin Ltd.(a) |
186,600 |
|
1,590,115 | ||
|
Tokuyama Corp. |
132,400 |
|
3,294,647 | ||
|
Tokyo Ohka Kogyo Co. Ltd. |
100,800 |
|
3,308,924 | ||
|
Toray Industries, Inc. |
1,401,818 |
|
8,972,736 | ||
|
Tosoh Corp.(a) |
590,907 |
|
8,760,476 | ||
|
Toyobo Co. Ltd. |
190,851 |
|
1,469,327 | ||
|
UBE Corp. |
180,000 |
|
2,783,763 | ||
|
Valqua Ltd. |
58,200 |
|
1,481,748 | ||
|
Zacros Corp. |
125,600 |
|
903,187 | ||
|
Zeon Corp. |
353,000 |
|
3,935,501 | ||
|
Total Chemicals |
|
255,271,318 | |||
|
Commercial Services & Supplies – 0.2% |
|
||||
|
Dai Nippon Printing Co. Ltd. |
284,700 |
|
4,849,259 | ||
|
Pilot Corp. |
54,000 |
|
1,755,087 | ||
|
Sato Corp. |
109,800 |
|
1,686,200 | ||
|
Total Commercial Services & Supplies |
|
8,290,546 | |||
|
Investments |
Shares |
Value | |||
|
Construction & Engineering – 0.9% |
|
||||
|
CTI Engineering Co. Ltd. |
69,000 |
$ |
1,394,624 | ||
|
Obayashi Corp. |
1,425,200 |
|
23,440,504 | ||
|
Penta-Ocean Construction Co. Ltd. |
534,800 |
|
4,222,343 | ||
|
Taikisha Ltd. |
143,000 |
|
2,767,336 | ||
|
Toa Corp. |
204,400 |
|
2,895,384 | ||
|
Toda Corp. |
393,100 |
|
2,714,981 | ||
|
Total Construction & Engineering |
|
37,435,172 | |||
|
Construction Materials – 0.2% |
|
||||
|
Krosaki Harima Corp. |
99,100 |
|
2,764,614 | ||
|
Shinagawa Refractories Co. Ltd. |
115,500 |
|
1,462,471 | ||
|
Taiheiyo Cement Corp. |
113,500 |
|
2,954,988 | ||
|
Total Construction Materials |
|
7,182,073 | |||
|
Consumer Finance – 0.0% |
|
||||
|
J Trust Co. Ltd. |
466,300 |
|
1,401,884 | ||
|
Containers & Packaging – 0.3% |
|
||||
|
Fuji Seal International, Inc. |
117,600 |
|
2,268,629 | ||
|
Rengo Co. Ltd. |
345,600 |
|
2,187,774 | ||
|
Toyo Seikan Group Holdings Ltd. |
300,500 |
|
6,867,234 | ||
|
Total Containers & Packaging |
|
11,323,637 | |||
|
Diversified Consumer Services – 0.0% |
|
||||
|
Aucnet, Inc. |
24,400 |
|
306,807 | ||
|
Electrical Equipment – 2.6% |
|
||||
|
Cosel Co. Ltd. |
194,400 |
|
1,579,578 | ||
|
Daihen Corp. |
34,300 |
|
1,911,426 | ||
|
Fuji Electric Co. Ltd. |
108,273 |
|
7,290,291 | ||
|
Fujikura Ltd. |
231,800 |
|
22,687,944 | ||
|
Furukawa Electric Co. Ltd. |
60,981 |
|
3,762,460 | ||
|
Mabuchi Motor Co. Ltd. |
200,900 |
|
3,523,249 | ||
|
Mitsubishi Electric Corp. |
1,832,014 |
|
47,175,740 | ||
|
NIDEC Corp.(a) |
657,800 |
|
11,729,805 | ||
|
Nippon Carbon Co. Ltd.(a) |
41,600 |
|
1,225,311 | ||
|
Sanyo Denki Co. Ltd. |
54,400 |
|
1,298,439 | ||
|
SEC Carbon Ltd.(a) |
50,100 |
|
767,351 | ||
|
Sinfonia Technology Co. Ltd. |
35,600 |
|
2,198,409 | ||
|
Toyo Tanso Co. Ltd. |
32,900 |
|
969,056 | ||
|
Total Electrical Equipment |
|
106,119,059 | |||
|
Electronic Equipment, Instruments & Components – 3.8% | |||||
|
A&D HOLON Holdings Co. Ltd. |
103,000 |
|
1,416,481 | ||
|
Ai Holdings Corp. |
117,900 |
|
2,236,895 | ||
|
Alps Alpine Co. Ltd.(a) |
279,600 |
|
3,552,625 | ||
|
Amano Corp. |
147,233 |
|
4,186,149 | ||
|
Anritsu Corp. |
253,400 |
|
3,235,167 | ||
|
Azbil Corp. |
466,300 |
|
4,431,405 | ||
|
Canon Electronics, Inc. |
96,600 |
|
1,785,679 | ||
|
Citizen Watch Co. Ltd.(a) |
492,100 |
|
3,342,088 | ||
|
CMK Corp. |
465,200 |
|
1,102,482 | ||
|
Dexerials Corp. |
174,300 |
|
2,686,759 | ||
|
ESPEC Corp. |
80,000 |
|
1,863,425 | ||
|
Furuya Metal Co. Ltd.(a) |
46,000 |
|
871,815 | ||
See Notes to Financial Statements.
22 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree Japan Hedged Equity Fund (DXJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Hagiwara Electric Holdings Co. Ltd. |
72,700 |
$ |
1,727,846 | ||
|
Hakuto Co. Ltd.(a) |
58,219 |
|
1,525,595 | ||
|
Hioki EE Corp. |
20,300 |
|
835,725 | ||
|
Hirose Electric Co. Ltd. |
37,360 |
|
4,662,253 | ||
|
Horiba Ltd. |
58,300 |
|
4,950,279 | ||
|
Innotech Corp. |
52,400 |
|
573,372 | ||
|
Japan Aviation Electronics Industry Ltd. |
54,200 |
|
922,998 | ||
|
Jeol Ltd. |
51,300 |
|
1,764,941 | ||
|
Kaga Electronics Co. Ltd. |
112,600 |
|
2,702,827 | ||
|
Keyence Corp. |
42,940 |
|
16,043,804 | ||
|
Macnica Holdings, Inc. |
293,300 |
|
4,077,224 | ||
|
Maxell Ltd. |
130,800 |
|
1,890,903 | ||
|
Meiko Electronics Co. Ltd. |
24,800 |
|
1,650,702 | ||
|
Murata Manufacturing Co. Ltd. |
1,448,804 |
|
27,620,325 | ||
|
Nichicon Corp. |
223,000 |
|
2,237,776 | ||
|
Nippon Ceramic Co. Ltd. |
89,900 |
|
2,136,635 | ||
|
Nippon Electric Glass Co. Ltd. |
184,160 |
|
6,055,327 | ||
|
Nissha Co. Ltd. |
100,900 |
|
976,992 | ||
|
Optex Group Co. Ltd. |
88,600 |
|
1,265,843 | ||
|
Osaki Electric Co. Ltd. |
240,300 |
|
2,085,957 | ||
|
Restar Corp. |
38,400 |
|
683,834 | ||
|
Riken Keiki Co. Ltd. |
38,800 |
|
821,004 | ||
|
Sanshin Electronics Co. Ltd. |
118,054 |
|
2,279,785 | ||
|
Shibaura Electronics Co. Ltd. |
52,900 |
|
2,550,347 | ||
|
Shimadzu Corp. |
152,400 |
|
3,854,244 | ||
|
Siix Corp. |
230,200 |
|
2,112,070 | ||
|
Sun-Wa Technos Corp. |
111,200 |
|
1,999,846 | ||
|
TDK Corp. |
1,070,920 |
|
15,579,589 | ||
|
Tokyo Electron Device Ltd. |
72,300 |
|
1,458,875 | ||
|
Tomen Devices Corp.(a) |
23,000 |
|
1,059,011 | ||
|
Yokogawa Electric Corp. |
168,138 |
|
4,844,278 | ||
|
Total Electronic Equipment, Instruments & Components |
|
153,661,177 | |||
|
Energy Equipment & Services – 0.1% |
|
||||
|
Modec, Inc. |
68,000 |
|
3,807,834 | ||
|
Entertainment – 3.3% |
|
||||
|
Capcom Co. Ltd. |
269,900 |
|
7,352,187 | ||
|
Koei Tecmo Holdings Co. Ltd.(a) |
489,744 |
|
6,383,568 | ||
|
Konami Group Corp. |
84,400 |
|
12,201,239 | ||
|
Marvelous, Inc. |
400,200 |
|
1,666,540 | ||
|
Nintendo Co. Ltd. |
1,141,800 |
|
98,999,553 | ||
|
Square Enix Holdings Co. Ltd.(a) |
161,700 |
|
3,483,965 | ||
|
Toei Animation Co. Ltd.(a) |
89,300 |
|
1,844,229 | ||
|
Total Entertainment |
|
131,931,281 | |||
|
Food Products – 1.6% |
|
||||
|
Ajinomoto Co., Inc. |
555,626 |
|
15,974,459 | ||
|
Ariake Japan Co. Ltd. |
38,800 |
|
1,563,192 | ||
|
Calbee, Inc.(a) |
79,300 |
|
1,533,540 | ||
|
Fuji Oil Co. Ltd. |
69,800 |
|
1,696,260 | ||
|
House Foods Group, Inc. |
86,600 |
|
1,700,804 | ||
|
Kagome Co. Ltd.(a) |
54,800 |
|
1,068,282 | ||
|
Investments |
Shares |
Value | |||
|
Kameda Seika Co. Ltd. |
39,800 |
$ |
1,113,004 | ||
|
Kikkoman Corp.(a) |
522,400 |
|
4,439,259 | ||
|
Maruha Nichiro Corp. |
89,300 |
|
2,074,607 | ||
|
Nichirei Corp. |
264,800 |
|
3,112,657 | ||
|
Nisshin Oillio Group Ltd. |
54,300 |
|
1,911,907 | ||
|
Nisshin Seifun Group, Inc. |
312,600 |
|
3,843,868 | ||
|
Nissin Foods Holdings Co. Ltd.(a) |
223,900 |
|
4,223,756 | ||
|
Nissui Corp. |
426,000 |
|
3,007,110 | ||
|
Riken Vitamin Co. Ltd. |
102,100 |
|
2,011,789 | ||
|
Sakata Seed Corp. |
45,600 |
|
1,125,449 | ||
|
Toyo Suisan Kaisha Ltd. |
145,800 |
|
10,440,024 | ||
|
Yakult Honsha Co. Ltd.(a) |
215,274 |
|
3,515,139 | ||
|
Total Food Products |
|
64,355,106 | |||
|
Ground Transportation – 0.1% |
|
||||
|
Kintetsu Group Holdings Co. Ltd.(a) |
157,100 |
|
3,279,543 | ||
|
Nishi-Nippon Railroad Co. Ltd. |
100,400 |
|
1,589,092 | ||
|
Total Ground Transportation |
|
4,868,635 | |||
|
Health Care Equipment & Supplies – 0.9% |
|
||||
|
Asahi Intecc Co. Ltd. |
111,000 |
|
1,804,967 | ||
|
Eiken Chemical Co. Ltd. |
73,100 |
|
1,184,964 | ||
|
Hoya Corp. |
78,557 |
|
10,891,117 | ||
|
Mani, Inc. |
132,700 |
|
1,143,384 | ||
|
Nihon Kohden Corp. |
164,600 |
|
1,884,120 | ||
|
Nipro Corp. |
167,500 |
|
1,707,494 | ||
|
Olympus Corp. |
314,500 |
|
3,984,355 | ||
|
PHC Holdings Corp.(a) |
281,600 |
|
1,866,719 | ||
|
Sysmex Corp. |
256,200 |
|
3,165,094 | ||
|
Terumo Corp. |
519,624 |
|
8,595,602 | ||
|
Total Health Care Equipment & Supplies |
|
36,227,816 | |||
|
Hotels, Restaurants & Leisure – 0.2% |
|
||||
|
Round One Corp. |
309,900 |
|
2,742,589 | ||
|
Zensho Holdings Co. Ltd. |
52,800 |
|
3,457,911 | ||
|
Total Hotels, Restaurants & Leisure |
|
6,200,500 | |||
|
Household Durables – 1.9% |
|
||||
|
Casio Computer Co. Ltd. |
411,057 |
|
3,384,537 | ||
|
JVCKenwood Corp. |
191,600 |
|
1,497,149 | ||
|
Nikon Corp.(a) |
363,800 |
|
4,249,281 | ||
|
Noritz Corp. |
123,600 |
|
1,678,854 | ||
|
Rinnai Corp. |
137,000 |
|
3,252,341 | ||
|
Sony Group Corp. |
1,703,200 |
|
49,117,573 | ||
|
Sumitomo Forestry Co. Ltd. |
574,700 |
|
6,854,684 | ||
|
Tamron Co. Ltd. |
375,700 |
|
2,632,965 | ||
|
Zojirushi Corp. |
107,100 |
|
1,180,613 | ||
|
Total Household Durables |
|
73,847,997 | |||
|
Household Products – 0.2% |
|
||||
|
Lion Corp. |
157,900 |
|
1,651,329 | ||
|
Pigeon Corp. |
247,300 |
|
2,971,418 | ||
|
Unicharm Corp. |
534,000 |
|
3,469,002 | ||
|
Total Household Products |
|
8,091,749 | |||
See Notes to Financial Statements.
WisdomTree Trust 23
|
Schedule of Investments (unaudited) (continued) WisdomTree Japan Hedged Equity Fund (DXJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Independent Power & Renewable Electricity Producers – 0.2% | |||||
|
Electric Power Development Co. Ltd.(a) |
318,500 |
$ |
5,983,534 | ||
|
Industrial Conglomerates – 1.4% |
|
||||
|
Hitachi Ltd. |
1,688,525 |
|
44,932,818 | ||
|
Sekisui Chemical Co. Ltd. |
629,300 |
|
11,739,320 | ||
|
Total Industrial Conglomerates |
|
56,672,138 | |||
|
Insurance – 5.4% |
|
||||
|
Dai-ichi Life Holdings, Inc. |
6,573,400 |
|
51,898,192 | ||
|
MS&AD Insurance Group Holdings, Inc. |
1,777,100 |
|
40,382,893 | ||
|
Sompo Holdings, Inc.(a) |
1,258,900 |
|
38,998,324 | ||
|
Sony Financial Group, Inc.* |
1,658,400 |
|
1,841,606 | ||
|
Tokio Marine Holdings, Inc.(a) |
1,924,400 |
|
81,687,806 | ||
|
Total Insurance |
|
214,808,821 | |||
|
IT Services – 0.9% |
|
||||
|
Fujitsu Ltd. |
733,420 |
|
17,301,928 | ||
|
NEC Corp. |
549,600 |
|
17,635,877 | ||
|
Total IT Services |
|
34,937,805 | |||
|
Leisure Products – 0.8% |
|
||||
|
Bandai Namco Holdings, Inc. |
508,700 |
|
16,964,130 | ||
|
GLOBERIDE, Inc. |
108,900 |
|
1,796,258 | ||
|
Mizuno Corp. |
95,100 |
|
1,719,959 | ||
|
Roland Corp. |
82,600 |
|
1,887,632 | ||
|
Sega Sammy Holdings, Inc. |
182,800 |
|
3,856,890 | ||
|
Shimano, Inc. |
44,200 |
|
4,968,142 | ||
|
Tomy Co. Ltd. |
77,100 |
|
1,670,583 | ||
|
Total Leisure Products |
|
32,863,594 | |||
|
Life Sciences Tools & Services – 0.0% |
|
||||
|
Shin Nippon Biomedical Laboratories Ltd.(a) |
137,600 |
|
1,586,707 | ||
|
Machinery – 7.2% |
|
||||
|
Aida Engineering Ltd. |
239,600 |
|
1,518,540 | ||
|
Airman Corp |
79,100 |
|
1,050,310 | ||
|
Amada Co. Ltd. |
611,793 |
|
7,541,518 | ||
|
Anest Iwata Corp. |
122,900 |
|
1,304,853 | ||
|
Asahi Diamond Industrial Co. Ltd. |
260,900 |
|
1,535,173 | ||
|
Bando Chemical Industries Ltd. |
144,700 |
|
1,924,304 | ||
|
Daifuku Co. Ltd. |
268,900 |
|
8,635,899 | ||
|
DMG Mori Co. Ltd. |
217,200 |
|
4,375,326 | ||
|
Ebara Corp. |
418,755 |
|
9,592,363 | ||
|
Fujitec Co. Ltd. |
129,400 |
|
4,947,840 | ||
|
Furukawa Co. Ltd. |
97,300 |
|
1,892,173 | ||
|
Glory Ltd. |
131,100 |
|
3,251,646 | ||
|
Hitachi Construction Machinery Co. Ltd.(a) |
334,500 |
|
10,722,301 | ||
|
Hoshizaki Corp. |
109,938 |
|
4,135,935 | ||
|
Hosokawa Micron Corp. |
32,900 |
|
1,296,530 | ||
|
IHI Corp.(a) |
543,600 |
|
10,159,028 | ||
|
Iwaki Co. Ltd. |
39,800 |
|
696,908 | ||
|
Japan Steel Works Ltd. |
45,100 |
|
2,748,417 | ||
|
Kanadevia Corp. |
243,100 |
|
1,683,931 | ||
|
Kawasaki Heavy Industries Ltd.(a) |
117,700 |
|
7,786,363 | ||
|
Investments |
Shares |
Value | |||
|
Kitz Corp. |
235,200 |
$ |
2,691,458 | ||
|
Komatsu Ltd. |
1,685,606 |
|
58,893,774 | ||
|
Kubota Corp. |
1,130,200 |
|
14,257,119 | ||
|
Kurita Water Industries Ltd. |
71,700 |
|
2,451,253 | ||
|
Makino Milling Machine Co. Ltd. |
35,700 |
|
2,770,234 | ||
|
Makita Corp. |
162,000 |
|
5,271,842 | ||
|
Max Co. Ltd. |
102,400 |
|
3,910,593 | ||
|
Meidensha Corp. |
55,500 |
|
2,213,461 | ||
|
MISUMI Group, Inc. |
147,900 |
|
2,309,858 | ||
|
Mitsubishi Heavy Industries Ltd. |
1,407,190 |
|
36,960,355 | ||
|
Mitsubishi Logisnext Co. Ltd. |
116,000 |
|
1,425,602 | ||
|
Mitsuboshi Belting Ltd. |
38,700 |
|
970,874 | ||
|
Miura Co. Ltd. |
84,600 |
|
1,666,680 | ||
|
Morita Holdings Corp.(a) |
111,000 |
|
1,746,718 | ||
|
NGK Insulators Ltd. |
397,575 |
|
6,674,931 | ||
|
Nippon Thompson Co. Ltd. |
176,500 |
|
819,846 | ||
|
Nissei ASB Machine Co. Ltd. |
42,800 |
|
2,080,807 | ||
|
Nomura Micro Science Co. Ltd. |
74,000 |
|
1,651,014 | ||
|
Noritake Co. Ltd. |
61,400 |
|
1,966,496 | ||
|
NSK Ltd.(a) |
930,300 |
|
4,815,122 | ||
|
NTN Corp. |
1,148,600 |
|
2,647,415 | ||
|
Obara Group, Inc. |
24,400 |
|
706,301 | ||
|
Oiles Corp. |
104,300 |
|
1,626,454 | ||
|
Okamoto Machine Tool Works Ltd. |
52,500 |
|
1,692,115 | ||
|
OKUMA Corp. |
99,400 |
|
2,274,923 | ||
|
Organo Corp. |
41,700 |
|
3,201,937 | ||
|
OSG Corp. |
141,324 |
|
2,029,646 | ||
|
Rheon Automatic Machinery Co. Ltd. |
114,700 |
|
1,093,527 | ||
|
Ryobi Ltd. |
107,900 |
|
2,031,093 | ||
|
Shibaura Machine Co. Ltd. |
53,300 |
|
1,519,403 | ||
|
Shibuya Corp. |
36,900 |
|
853,259 | ||
|
Shinmaywa Industries Ltd. |
136,500 |
|
1,711,738 | ||
|
Sodick Co. Ltd. |
187,400 |
|
1,154,714 | ||
|
Star Micronics Co. Ltd. |
67,000 |
|
759,441 | ||
|
Sumitomo Heavy Industries Ltd. |
156,537 |
|
3,775,500 | ||
|
Takeuchi Manufacturing Co. Ltd. |
71,800 |
|
2,518,360 | ||
|
Teikoku Electric Manufacturing Co. Ltd. |
39,300 |
|
851,542 | ||
|
Tocalo Co. Ltd. |
119,000 |
|
1,753,353 | ||
|
Torishima Pump Manufacturing Co. Ltd. |
71,200 |
|
984,945 | ||
|
Tsubakimoto Chain Co. |
269,700 |
|
3,924,470 | ||
|
Tsugami Corp. |
130,300 |
|
2,103,363 | ||
|
YAMABIKO Corp. |
82,800 |
|
1,427,982 | ||
|
Yaskawa Electric Corp. |
166,400 |
|
3,557,063 | ||
|
Total Machinery |
|
286,545,939 | |||
|
Marine Transportation – 0.1% |
|
||||
|
Iino Kaiun Kaisha Ltd.(a) |
220,500 |
|
1,767,762 | ||
|
NS United Kaiun Kaisha Ltd. |
53,000 |
|
1,819,481 | ||
|
Total Marine Transportation |
|
3,587,243 | |||
|
Media – 0.1% |
|
||||
|
Hakuhodo DY Holdings, Inc. |
464,700 |
|
3,739,689 | ||
See Notes to Financial Statements.
24 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree Japan Hedged Equity Fund (DXJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Metals & Mining – 2.5% |
|
||||
|
Aichi Steel Corp.(a) |
137,700 |
$ |
2,511,858 | ||
|
ARE Holdings, Inc. |
172,200 |
|
2,505,724 | ||
|
Daido Steel Co. Ltd. |
328,500 |
|
2,843,804 | ||
|
Daiki Aluminium Industry Co. Ltd. |
152,700 |
|
1,165,270 | ||
|
Dowa Holdings Co. Ltd. |
68,700 |
|
2,511,038 | ||
|
JFE Holdings, Inc. |
1,226,400 |
|
15,084,508 | ||
|
Kobe Steel Ltd.(a) |
857,700 |
|
10,154,643 | ||
|
Kyoei Steel Ltd. |
156,400 |
|
2,427,253 | ||
|
Mitsubishi Materials Corp. |
196,500 |
|
3,696,225 | ||
|
Mitsui Kinzoku Co. Ltd. |
77,800 |
|
6,060,798 | ||
|
Nippon Light Metal Holdings Co. Ltd. |
134,000 |
|
1,905,407 | ||
|
Nippon Steel Corp.(a) |
9,641,100 |
|
39,789,081 | ||
|
Nippon Yakin Kogyo Co. Ltd.(a) |
58,010 |
|
1,679,201 | ||
|
OSAKA Titanium Technologies Co. Ltd.(a) |
68,700 |
|
1,211,792 | ||
|
Topy Industries Ltd. |
104,900 |
|
2,018,660 | ||
|
UACJ Corp. |
222,400 |
|
2,419,994 | ||
|
Total Metals & Mining |
|
97,985,256 | |||
|
Oil, Gas & Consumable Fuels – 1.7% |
|
||||
|
ENEOS Holdings, Inc. |
3,327,600 |
|
21,177,582 | ||
|
Idemitsu Kosan Co. Ltd. |
1,557,200 |
|
10,712,769 | ||
|
Inpex Corp. |
1,923,900 |
|
34,821,307 | ||
|
Total Oil, Gas & Consumable Fuels |
|
66,711,658 | |||
|
Paper & Forest Products – 0.2% |
|
||||
|
Nippon Paper Industries Co. Ltd. |
135,700 |
|
1,119,156 | ||
|
Oji Holdings Corp. |
1,403,200 |
|
7,686,555 | ||
|
Total Paper & Forest Products |
|
8,805,711 | |||
|
Passenger Airlines – 0.5% |
|
||||
|
ANA Holdings, Inc. |
330,700 |
|
6,406,424 | ||
|
Japan Airlines Co. Ltd.(a) |
622,600 |
|
12,575,521 | ||
|
Total Passenger Airlines |
|
18,981,945 | |||
|
Personal Care Products – 0.6% |
|
||||
|
Kao Corp. |
389,080 |
|
16,995,328 | ||
|
Kobayashi Pharmaceutical Co. Ltd. |
51,700 |
|
1,879,173 | ||
|
Kose Corp. |
38,000 |
|
1,525,558 | ||
|
Mandom Corp. |
125,400 |
|
1,893,503 | ||
|
Milbon Co. Ltd. |
47,000 |
|
788,929 | ||
|
Rohto Pharmaceutical Co. Ltd. |
100,500 |
|
1,692,069 | ||
|
Total Personal Care Products |
|
24,774,560 | |||
|
Pharmaceuticals – 4.9% |
|
||||
|
Chugai Pharmaceutical Co. Ltd. |
764,600 |
|
33,382,813 | ||
|
Daiichi Sankyo Co. Ltd. |
922,300 |
|
20,702,336 | ||
|
Kyowa Kirin Co. Ltd. |
470,170 |
|
7,317,505 | ||
|
Nippon Shinyaku Co. Ltd. |
98,100 |
|
2,213,951 | ||
|
Ono Pharmaceutical Co. Ltd.(a) |
776,300 |
|
8,951,748 | ||
|
Otsuka Holdings Co. Ltd. |
428,100 |
|
22,781,175 | ||
|
Santen Pharmaceutical Co. Ltd. |
420,400 |
|
4,666,999 | ||
|
Shionogi & Co. Ltd. |
958,031 |
|
16,811,033 | ||
|
Takeda Pharmaceutical Co. Ltd. |
2,631,663 |
|
76,890,855 | ||
|
Investments |
Shares |
Value | |||
|
Towa Pharmaceutical Co. Ltd. |
55,800 |
$ |
1,115,358 | ||
|
ZERIA Pharmaceutical Co. Ltd. |
104,200 |
|
1,430,161 | ||
|
Total Pharmaceuticals |
|
196,263,934 | |||
|
Professional Services – 0.7% |
|
||||
|
en, Inc./Japan |
104,800 |
|
1,157,388 | ||
|
Open Up Group, Inc. |
144,100 |
|
1,771,917 | ||
|
Persol Holdings Co. Ltd. |
3,329,200 |
|
6,079,732 | ||
|
Recruit Holdings Co. Ltd. |
275,400 |
|
14,849,241 | ||
|
Transcosmos, Inc. |
65,800 |
|
1,644,053 | ||
|
Weathernews, Inc. |
43,300 |
|
1,382,399 | ||
|
Total Professional Services |
|
26,884,730 | |||
|
Semiconductors & Semiconductor Equipment – 3.3% | |||||
|
Advantest Corp. |
149,000 |
|
14,780,445 | ||
|
Disco Corp. |
39,500 |
|
12,439,618 | ||
|
Kokusai Electric Corp. |
96,800 |
|
2,752,231 | ||
|
Lasertec Corp. |
40,100 |
|
5,513,292 | ||
|
Micronics Japan Co. Ltd. |
31,400 |
|
1,250,174 | ||
|
Rorze Corp. |
81,500 |
|
1,227,039 | ||
|
SCREEN Holdings Co. Ltd.(a) |
111,520 |
|
10,163,925 | ||
|
Shibaura Mechatronics Corp. |
20,500 |
|
1,815,621 | ||
|
Shindengen Electric Manufacturing Co. Ltd. |
89,100 |
|
1,918,529 | ||
|
Socionext, Inc.(a) |
151,900 |
|
2,869,628 | ||
|
Tokyo Electron Ltd.(a) |
389,059 |
|
69,442,362 | ||
|
Towa Corp. |
98,300 |
|
1,422,400 | ||
|
Ulvac, Inc. |
46,100 |
|
2,013,061 | ||
|
Yamaichi Electronics Co. Ltd. |
67,100 |
|
1,597,024 | ||
|
Total Semiconductors & Semiconductor Equipment |
|
129,205,349 | |||
|
Software – 0.2% |
|
||||
|
Trend Micro, Inc. |
136,208 |
|
7,470,527 | ||
|
Specialty Retail – 1.1% |
|
||||
|
ABC-Mart, Inc. |
324,700 |
|
6,449,588 | ||
|
Fast Retailing Co. Ltd. |
96,400 |
|
29,399,438 | ||
|
Sanrio Co. Ltd.(a) |
122,400 |
|
5,760,926 | ||
|
VT Holdings Co. Ltd. |
588,000 |
|
1,962,854 | ||
|
Total Specialty Retail |
|
43,572,806 | |||
|
Technology Hardware, Storage & Peripherals – 2.1% | |||||
|
Brother Industries Ltd. |
365,600 |
|
6,135,624 | ||
|
Canon, Inc.(a) |
1,462,697 |
|
42,954,375 | ||
|
FUJIFILM Holdings Corp. |
684,785 |
|
17,068,041 | ||
|
MCJ Co. Ltd. |
195,100 |
|
1,815,129 | ||
|
Ricoh Co. Ltd. |
594,200 |
|
5,256,609 | ||
|
Riso Kagaku Corp. |
67,600 |
|
555,685 | ||
|
Seiko Epson Corp. |
431,500 |
|
5,545,499 | ||
|
Toshiba TEC Corp. |
73,600 |
|
1,510,025 | ||
|
Wacom Co. Ltd. |
357,300 |
|
1,981,438 | ||
|
Total Technology Hardware, Storage & Peripherals |
|
82,822,425 | |||
|
Textiles, Apparel & Luxury Goods – 0.4% |
|
||||
|
Asics Corp. |
357,368 |
|
9,369,461 | ||
|
Kurabo Industries Ltd. |
40,147 |
|
1,919,205 | ||
See Notes to Financial Statements.
WisdomTree Trust 25
|
Schedule of Investments (unaudited) (continued) WisdomTree Japan Hedged Equity Fund (DXJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Morito Co. Ltd. |
152,700 |
$ |
1,656,400 | ||
|
Seiko Group Corp. |
54,200 |
|
2,400,163 | ||
|
Wacoal Holdings Corp. |
66,000 |
|
2,518,712 | ||
|
Total Textiles, Apparel & Luxury Goods |
|
17,863,941 | |||
|
Tobacco – 3.0% |
|
||||
|
Japan Tobacco, Inc. |
3,699,131 |
|
121,780,648 | ||
|
Trading Companies & Distributors – 9.8% |
|
||||
|
Alconix Corp. |
174,900 |
|
2,503,562 | ||
|
Chori Co. Ltd. |
54,800 |
|
1,460,121 | ||
|
Daiichi Jitsugyo Co. Ltd. |
83,000 |
|
1,530,345 | ||
|
Hanwa Co. Ltd. |
74,600 |
|
3,182,314 | ||
|
Inabata & Co. Ltd. |
105,586 |
|
2,495,143 | ||
|
ITOCHU Corp. |
1,443,294 |
|
82,345,501 | ||
|
Japan Pulp & Paper Co. Ltd. |
140,900 |
|
681,197 | ||
|
Kanematsu Corp. |
242,700 |
|
5,120,718 | ||
|
KPP Group Holdings Co. Ltd. |
351,200 |
|
1,876,269 | ||
|
Marubeni Corp.(a) |
2,429,778 |
|
60,841,108 | ||
|
Meiwa Corp. |
202,100 |
|
1,157,711 | ||
|
Mitsubishi Corp.(a) |
4,886,100 |
|
116,821,743 | ||
|
Nagase & Co. Ltd. |
133,100 |
|
2,885,778 | ||
|
Sanyo Trading Co. Ltd. |
90,900 |
|
987,261 | ||
|
Sojitz Corp. |
387,804 |
|
10,282,970 | ||
|
Sumitomo Corp.(a) |
1,860,277 |
|
54,012,715 | ||
|
Toyota Tsusho Corp.(a) |
1,627,530 |
|
45,205,187 | ||
|
Total Trading Companies & Distributors |
|
393,389,643 | |||
|
Transportation Infrastructure – 0.1% |
|
||||
|
Mitsubishi Logistics Corp. |
515,100 |
|
4,228,992 | ||
|
TOTAL COMMON STOCKS (COST: $3,178,634,204) |
|
3,961,890,582 | |||
|
MUTUAL FUND – 0.1% |
|
||||
|
United States – 0.1% |
|
||||
|
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.00%(b) (Cost: $5,849,168) |
5,849,168 |
|
5,849,168 | ||
|
Investments |
Shares |
Value | ||||
|
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.9% |
| |||||
|
United States – 12.9% |
|
| ||||
|
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.09%(b) |
401,494,016 |
$ |
401,494,016 |
| ||
|
WisdomTree Government Money Market Digital Fund, 3.97%(b)(c) |
114,400,000 |
|
114,400,000 |
| ||
|
TOTAL INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED (COST: $515,894,016) |
|
515,894,016 |
| |||
|
TOTAL INVESTMENTS IN SECURITIES – 112.1% (Cost: $3,700,377,388) |
|
4,483,633,766 |
| |||
|
Other Liabilities less Assets – (12.1)% |
|
(484,323,170 |
) | |||
|
NET ASSETS – 100.0% |
$ |
3,999,310,596 |
| |||
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2025 (See Note 2). At September 30, 2025, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $481,740,162 and the total market value of the collateral held by the Fund was $545,730,719. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $29,836,703.
(b) Rate shown represents annualized 7-day yield as of September 30, 2025.
(c) Affiliated holding. See “Investment in Affiliates” supplementary table included in this Schedule of Investments for additional information.
|
CURRENCY ABBREVIATIONS: |
||
|
JPY |
Japanese yen | |
|
USD |
United States dollar |
INVESTMENT IN AFFILIATES
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the six-month fiscal period ended September 30, 2025 were as follows:
|
Affiliate |
Value at |
Purchases/ |
Sales/ |
Realized |
Change in |
Value at |
Securities
| |||||||
|
WisdomTree Government Money Market Digital Fund |
$— |
$156,400,000 |
$42,000,000 |
$— |
$— |
$114,400,000 |
$198,042 |
See Notes to Financial Statements.
26 WisdomTree Trust
|
Schedule of Investments (unaudited) (concluded) WisdomTree Japan Hedged Equity Fund (DXJ) September 30, 2025
|
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
|
Counterparty |
Settlement
|
Amount and Description of
|
Amount and Description of
|
Unrealized
|
Unrealized
| ||||||||||||
|
Deutsche Bank AG |
10/3/2025 |
115,281,580,497 |
JPY |
780,667,760 |
USD |
$ |
5,846 |
$ |
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
749,138,367 |
USD |
109,617,273,009 |
JPY |
|
6,822,800 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/6/2025 |
796,829,757 |
USD |
117,251,488,341 |
JPY |
|
— |
|
(13,703 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
115,281,520,386 |
JPY |
780,667,760 |
USD |
|
5,439 |
|
— |
| |||||||
|
Goldman Sachs |
11/6/2025 |
796,829,757 |
USD |
117,250,948,887 |
JPY |
|
— |
|
(10,037 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
115,281,598,453 |
JPY |
780,667,760 |
USD |
|
5,967 |
|
— |
| |||||||
|
HSBC Holdings PLC |
11/6/2025 |
796,829,757 |
USD |
117,251,426,985 |
JPY |
|
— |
|
(13,286 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/1/2025 |
29,632,000 |
JPY |
199,360 |
USD |
|
1,284 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
749,138,367 |
USD |
109,617,296,982 |
JPY |
|
6,822,638 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
100,894,056 |
USD |
14,993,329,914 |
JPY |
|
— |
|
(639,050 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
31,529,393 |
USD |
4,647,994,697 |
JPY |
|
53,707 |
|
— |
| |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
25,223,514 |
USD |
3,726,475,547 |
JPY |
|
— |
|
(11,750 |
) | |||||||
|
Morgan Stanley & Co. International |
10/3/2025 |
749,138,367 |
USD |
109,617,422,837 |
JPY |
|
6,821,786 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
115,281,658,269 |
JPY |
780,667,758 |
USD |
|
6,374 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
749,138,367 |
USD |
109,617,108,199 |
JPY |
|
6,823,916 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/6/2025 |
796,829,755 |
USD |
117,251,248,997 |
JPY |
|
— |
|
(12,078 |
) | |||||||
|
UBS Group AG |
10/3/2025 |
115,286,282,459 |
JPY |
780,667,760 |
USD |
|
37,687 |
|
— |
| |||||||
|
UBS Group AG |
10/3/2025 |
749,138,367 |
USD |
109,622,091,467 |
JPY |
|
6,790,170 |
|
— |
| |||||||
|
UBS Group AG |
11/6/2025 |
796,829,757 |
USD |
117,256,367,329 |
JPY |
|
— |
|
(46,860 |
) | |||||||
|
$ |
34,197,614 |
$ |
(746,764 |
) | |||||||||||||
FAIR VALUATION SUMMARY
The following is a summary of the fair valuations according to the inputs used in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):
|
Quoted |
Other |
Significant |
Total | ||||||||||
|
Assets: |
|
|
|
|
| ||||||||
|
Investments in Securities |
|
|
|
|
| ||||||||
|
Common Stocks |
$ |
3,961,890,582 |
$ |
— |
|
$— |
$ |
3,961,890,582 |
| ||||
|
Mutual Fund |
|
— |
|
5,849,168 |
|
— |
|
5,849,168 |
| ||||
|
Investment of Cash Collateral for Securities Loaned |
|
— |
|
515,894,016 |
|
— |
|
515,894,016 |
| ||||
|
Total Investments in Securities |
$ |
3,961,890,582 |
$ |
521,743,184 |
|
$— |
$ |
4,483,633,766 |
| ||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
34,197,614 |
|
$— |
$ |
34,197,614 |
| ||||
|
Liabilities: |
|
|
|
|
| ||||||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
(746,764 |
) |
$— |
$ |
(746,764 |
) | ||||
|
Total – Net |
$ |
3,961,890,582 |
$ |
555,194,034 |
|
$— |
$ |
4,517,084,616 |
| ||||
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
WisdomTree Trust 27
|
Schedule of Investments (unaudited) WisdomTree Japan Opportunities Fund (OPPJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
COMMON STOCKS – 99.0% |
|
||||
|
Japan – 99.0% |
|
||||
|
Automobile Components – 2.0% |
|
||||
|
Aisan Industry Co. Ltd. |
21,800 |
$ |
277,067 | ||
|
Exedy Corp.(a) |
8,600 |
|
302,806 | ||
|
Futaba Industrial Co. Ltd. |
46,000 |
|
299,638 | ||
|
Ichikoh Industries Ltd. |
97,000 |
|
290,964 | ||
|
Koito Manufacturing Co. Ltd. |
20,300 |
|
308,173 | ||
|
Unipres Corp. |
36,500 |
|
303,003 | ||
|
Total Automobile Components |
|
1,781,651 | |||
|
Automobiles – 2.5% |
|
||||
|
Mitsubishi Motors Corp.(a) |
91,600 |
|
249,336 | ||
|
Subaru Corp. |
14,300 |
|
293,388 | ||
|
Suzuki Motor Corp. |
113,000 |
|
1,653,089 | ||
|
Total Automobiles |
|
2,195,813 | |||
|
Banks – 4.6% |
|
||||
|
77 Bank Ltd./The(a) |
7,700 |
|
322,265 | ||
|
First Bank of Toyama Ltd. |
33,900 |
|
353,725 | ||
|
Gunma Bank Ltd. |
31,200 |
|
348,897 | ||
|
Hachijuni Bank Ltd. |
30,800 |
|
322,421 | ||
|
Hirogin Holdings, Inc. |
31,100 |
|
304,504 | ||
|
Mitsubishi UFJ Financial Group, Inc. |
106,400 |
|
1,724,763 | ||
|
Tokyo Kiraboshi Financial Group, Inc. |
6,700 |
|
327,548 | ||
|
Towa Bank Ltd. |
46,400 |
|
312,611 | ||
|
Total Banks |
|
4,016,734 | |||
|
Beverages – 0.3% |
|
||||
|
Coca-Cola Bottlers Japan Holdings, Inc. |
16,300 |
|
290,825 | ||
|
Broadline Retail – 1.1% |
|
||||
|
Isetan Mitsukoshi Holdings Ltd. |
16,500 |
|
305,343 | ||
|
J Front Retailing Co. Ltd. |
18,000 |
|
301,046 | ||
|
Takashimaya Co. Ltd. |
33,100 |
|
379,893 | ||
|
Total Broadline Retail |
|
986,282 | |||
|
Building Products – 0.3% |
|
||||
|
Toli Corp. |
75,600 |
|
298,950 | ||
|
Capital Markets – 2.1% |
|
||||
|
Integral Corp.(a) |
72,800 |
|
1,841,135 | ||
|
Chemicals – 2.1% |
|
||||
|
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. |
11,700 |
|
308,969 | ||
|
Kansai Paint Co. Ltd. |
16,800 |
|
274,322 | ||
|
Konishi Co. Ltd. |
33,800 |
|
295,694 | ||
|
Okura Industrial Co. Ltd. |
8,800 |
|
325,341 | ||
|
Riken Technos Corp. |
36,400 |
|
310,553 | ||
|
Sakata INX Corp. |
19,400 |
|
305,676 | ||
|
Total Chemicals |
|
1,820,555 | |||
|
Commercial Services & Supplies – 0.7% |
|
||||
|
Itoki Corp. |
19,600 |
|
325,549 | ||
|
TRE Holdings Corp. |
27,800 |
|
292,711 | ||
|
Total Commercial Services & Supplies |
|
618,260 | |||
|
Investments |
Shares |
Value | |||
|
Construction & Engineering – 1.0% |
|
||||
|
Tomoe Corp. |
28,600 |
$ |
294,744 | ||
|
Yondenko Corp. |
31,600 |
|
287,146 | ||
|
Yurtec Corp. |
16,200 |
|
295,842 | ||
|
Total Construction & Engineering |
|
877,732 | |||
|
Construction Materials – 0.3% |
|
||||
|
Asia Pile Holdings Corp. |
33,700 |
|
283,182 | ||
|
Consumer Finance – 0.4% |
|
||||
|
Aiful Corp. |
90,800 |
|
306,796 | ||
|
Consumer Staples Distribution & Retail – 0.3% | |||||
|
H2O Retailing Corp. |
19,800 |
|
291,064 | ||
|
Containers & Packaging – 0.3% |
|
||||
|
Pack Corp. |
34,000 |
|
276,724 | ||
|
Distributors – 0.3% |
|
||||
|
Yamae Group Holdings Co. Ltd. |
14,100 |
|
271,145 | ||
|
Electronic Equipment, Instruments & Components – 1.3% | |||||
|
CMK Corp. |
92,700 |
|
219,690 | ||
|
Marubun Corp. |
36,900 |
|
306,324 | ||
|
Maxell Ltd. |
21,400 |
|
309,368 | ||
|
Nagano Keiki Co. Ltd. |
21,400 |
|
298,500 | ||
|
Total Electronic Equipment, Instruments & Components |
|
1,133,882 | |||
|
Entertainment – 3.0% |
|
||||
|
Capcom Co. Ltd. |
46,500 |
|
1,266,679 | ||
|
Nintendo Co. Ltd. |
15,800 |
|
1,369,936 | ||
|
Total Entertainment |
|
2,636,615 | |||
|
Food Products – 1.7% |
|
||||
|
Kenko Mayonnaise Co. Ltd. |
23,200 |
|
308,056 | ||
|
Megmilk Snow Brand Co. Ltd. |
14,800 |
|
296,731 | ||
|
Mitsui DM Sugar Co. Ltd. |
13,400 |
|
290,348 | ||
|
Nisshin Oillio Group Ltd.(a) |
8,400 |
|
295,764 | ||
|
Showa Sangyo Co. Ltd. |
14,500 |
|
299,455 | ||
|
Total Food Products |
|
1,490,354 | |||
|
Gas Utilities – 0.7% |
|
||||
|
Osaka Gas Co. Ltd. |
10,300 |
|
299,128 | ||
|
Toho Gas Co. Ltd. |
9,700 |
|
299,371 | ||
|
Total Gas Utilities |
|
598,499 | |||
|
Ground Transportation – 2.3% |
|
||||
|
Keio Corp. |
11,300 |
|
292,667 | ||
|
Nagoya Railroad Co. Ltd. |
25,200 |
|
301,595 | ||
|
Nankai Electric Railway Co. Ltd. |
16,200 |
|
306,043 | ||
|
Nishi-Nippon Railroad Co. Ltd. |
19,200 |
|
303,890 | ||
|
Odakyu Electric Railway Co. Ltd. |
22,600 |
|
254,716 | ||
|
Tobu Railway Co. Ltd. |
15,900 |
|
284,334 | ||
|
Tokyu Corp. |
23,100 |
|
282,171 | ||
|
Total Ground Transportation |
|
2,025,416 | |||
See Notes to Financial Statements.
28 WisdomTree Trust
|
Schedule of Investments (unaudited) (continued) WisdomTree Japan Opportunities Fund (OPPJ) September 30, 2025
|
|
Investments |
Shares |
Value | |||
|
Health Care Providers & Services – 0.6% |
|
||||
|
Suzuken Co. Ltd. |
7,100 |
$ |
279,654 | ||
|
Vital KSK Holdings, Inc. |
27,500 |
|
244,676 | ||
|
Total Health Care Providers & Services |
|
524,330 | |||
|
Hotels, Restaurants & Leisure – 0.4% |
|
||||
|
Gamecard-Joyco Holdings, Inc. |
16,100 |
|
321,597 | ||
|
Household Durables – 2.1% |
|
||||
|
JVCKenwood Corp. |
37,200 |
|
290,678 | ||
|
Panasonic Holdings Corp. |
115,000 |
|
1,253,682 | ||
|
Tamron Co. Ltd. |
43,900 |
|
307,658 | ||
|
Total Household Durables |
|
1,852,018 | |||
|
Industrial Conglomerates – 0.3% |
|
||||
|
Keihan Holdings Co. Ltd. |
12,700 |
|
288,939 | ||
|
Insurance – 1.8% |
|
||||
|
MS&AD Insurance Group Holdings, Inc. |
12,900 |
|
293,140 | ||
|
Sompo Holdings, Inc. |
41,000 |
|
1,270,102 | ||
|
Total Insurance |
|
1,563,242 | |||
|
Interactive Media & Services – 0.4% |
|
||||
|
ZIGExN Co. Ltd. |
81,400 |
|
305,901 | ||
|
IT Services – 0.7% |
|
||||
|
Base Co. Ltd. |
11,800 |
|
289,237 | ||
|
Business Brain Showa-Ota, Inc. |
15,400 |
|
308,553 | ||
|
Total IT Services |
|
597,790 | |||
|
Leisure Products – 0.3% |
|
||||
|
Daikoku Denki Co. Ltd.(a) |
16,500 |
|
294,058 | ||
|
Machinery – 8.7% |
|
||||
|
Aida Engineering Ltd. |
46,800 |
|
296,610 | ||
|
Daihatsu Infinearth Mfg Co. Ltd. |
14,000 |
|
287,707 | ||
|
Furukawa Co. Ltd. |
17,100 |
|
332,540 | ||
|
Hirata Corp. |
24,300 |
|
320,358 | ||
|
Kanadevia Corp. |
43,000 |
|
297,857 | ||
|
Kawasaki Heavy Industries Ltd. |
22,400 |
|
1,481,857 | ||
|
Kitz Corp. |
32,800 |
|
375,339 | ||
|
Komatsu Ltd. |
9,100 |
|
317,947 | ||
|
Mitsubishi Heavy Industries Ltd. |
71,100 |
|
1,867,467 | ||
|
Oiles Corp. |
19,300 |
|
300,964 | ||
|
Rheon Automatic Machinery Co. Ltd. |
31,300 |
|
298,408 | ||
|
Ryobi Ltd. |
17,400 |
|
327,535 | ||
|
Shibaura Machine Co. Ltd. |
10,600 |
|
302,170 | ||
|
Tadano Ltd. |
36,100 |
|
255,317 | ||
|
Tsubakimoto Chain Co.(a) |
21,800 |
|
317,217 | ||
|
YAMABIKO Corp. |
18,300 |
|
315,605 | ||
|
Total Machinery |
|
7,694,898 | |||
|
Metals & Mining – 1.8% |
|
||||
|
Daido Steel Co. Ltd. |
34,100 |
|
295,202 | ||
|
Kobe Steel Ltd. |
22,000 |
|
260,467 | ||
|
Kurimoto Ltd.(a) |
37,500 |
|
468,988 | ||
|
Investments |
Shares |
Value | |||
|
Nakayama Steel Works Ltd.(a) |
49,700 |
$ |
215,377 | ||
|
Topy Industries Ltd. |
17,600 |
|
338,688 | ||
|
Total Metals & Mining |
|
1,578,722 | |||
|
Paper & Forest Products – 0.3% |
|
||||
|
Mitsubishi Paper Mills Ltd. |
62,800 |
|
287,455 | ||
|
Pharmaceuticals – 0.6% |
|
||||
|
Daiichi Sankyo Co. Ltd. |
12,400 |
|
278,336 | ||
|
Otsuka Holdings Co. Ltd. |
5,400 |
|
287,359 | ||
|
Total Pharmaceuticals |
|
565,695 | |||
|
Professional Services – 0.3% |
|
||||
|
Dip Corp. |
17,400 |
|
273,928 | ||
|
Real Estate Management & Development – 0.6% | |||||
|
Aoyama Zaisan Networks Co. Ltd. |
21,600 |
|
298,365 | ||
|
Mugen Estate Co. Ltd. |
16,500 |
|
239,872 | ||
|
Total Real Estate Management & Development |
|
538,237 | |||
|
Semiconductors & Semiconductor Equipment – 0.3% |
|
||||
|
Abalance Corp.(a) |
41,500 |
|
275,664 | ||
|
Specialty Retail – 2.0% |
|
||||
|
Fast Retailing Co. Ltd. |
4,000 |
|
1,219,894 | ||
|
Komehyo Holdings Co. Ltd. |
13,800 |
|
279,298 | ||
|
Nissan Tokyo Sales Holdings Co. Ltd. |
74,600 |
|
254,585 | ||
|
Total Specialty Retail |
|
1,753,777 | |||
|
Textiles, Apparel & Luxury Goods – 0.6% |
|
||||
|
Morito Co. Ltd. |
25,200 |
|
273,355 | ||
|
Wacoal Holdings Corp. |
7,700 |
|
293,850 | ||
|
Total Textiles, Apparel & Luxury Goods |
|
567,205 | |||
|
Trading Companies & Distributors – 49.9% | |||||
|
Hanwa Co. Ltd. |
39,300 |
|
1,676,474 | ||
|
ITOCHU Corp. |
129,900 |
|
7,411,297 | ||
|
Kanaden Corp. |
21,700 |
|
305,476 | ||
|
Kyokuto Boeki Kaisha Ltd. |
23,100 |
|
284,517 | ||
|
Marubeni Corp. |
375,000 |
|
9,389,918 | ||
|
MARUKA FURUSATO Corp. |
15,700 |
|
248,228 | ||
|
Mitsubishi Corp. |
353,300 |
|
8,447,048 | ||
|
Mitsui & Co. Ltd. |
316,000 |
|
7,874,056 | ||
|
Sumiseki Holdings, Inc.(a) |
52,400 |
|
213,950 | ||
|
Sumitomo Corp. |
269,600 |
|
7,827,774 | ||
|
Takashima & Co. Ltd. |
56,000 |
|
310,174 | ||
|
Total Trading Companies & Distributors |
|
43,988,912 | |||
|
TOTAL COMMON STOCKS (COST: $79,190,929) |
|
87,313,982 | |||
|
MUTUAL FUND – 0.0% |
|
||||
|
United States – 0.0% |
|
||||
|
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares, 4.00%(b) (Cost: $30,368) |
30,368 |
|
30,368 | ||
See Notes to Financial Statements.
WisdomTree Trust 29
|
Schedule of Investments (unaudited) (continued) WisdomTree Japan Opportunities Fund (OPPJ) September 30, 2025
|
|
Investments |
Shares |
Value | ||||
|
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5% |
| |||||
|
United States – 1.5% |
|
| ||||
|
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares, 4.09%(b) (Cost: $1,310,156) |
1,310,156 |
$ |
1,310,156 |
| ||
|
TOTAL INVESTMENTS IN SECURITIES – 100.5% (Cost: $80,531,453) |
|
88,654,506 |
| |||
|
Other Liabilities less Assets – (0.5)% |
|
(449,488 |
) | |||
|
NET ASSETS – 100.0% |
$ |
88,205,018 |
| |||
(a) Security, or portion thereof, was on loan at September 30, 2025 (See Note 2). At September 30, 2025, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,483,039 and the total market value of the collateral held by the Fund was $2,597,321. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,287,165.
(b) Rate shown represents annualized 7-day yield as of September 30, 2025.
|
CURRENCY ABBREVIATIONS: | ||
|
JPY |
Japanese yen | |
|
USD |
United States dollar | |
FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)
|
Counterparty |
Settlement
|
Amount and
Description of |
Amount and
Description of |
Unrealized
|
Unrealized
| ||||||||||||
|
Bank of America NA |
10/3/2025 |
9,017,782 |
USD |
1,323,399,186 |
JPY |
$ |
55,875 |
$ |
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
1,864,324,414 |
JPY |
12,624,896 |
USD |
|
95 |
|
— |
| |||||||
|
Deutsche Bank AG |
10/3/2025 |
12,624,896 |
USD |
1,847,331,190 |
JPY |
|
114,982 |
|
— |
| |||||||
|
Deutsche Bank AG |
11/6/2025 |
13,175,709 |
USD |
1,938,772,337 |
JPY |
|
— |
|
(227 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,324,888,924 |
JPY |
9,017,782 |
USD |
|
— |
|
(45,786 |
) | |||||||
|
Goldman Sachs |
10/3/2025 |
1,864,323,442 |
JPY |
12,624,896 |
USD |
|
88 |
|
— |
| |||||||
|
Goldman Sachs |
11/6/2025 |
13,175,709 |
USD |
1,938,763,417 |
JPY |
|
— |
|
(166 |
) | |||||||
|
HSBC Holdings PLC |
10/3/2025 |
1,864,324,704 |
JPY |
12,624,896 |
USD |
|
97 |
|
— |
| |||||||
|
HSBC Holdings PLC |
11/6/2025 |
13,175,709 |
USD |
1,938,771,322 |
JPY |
|
— |
|
(220 |
) | |||||||
|
JPMorgan Chase Bank NA |
10/3/2025 |
25,249,789 |
USD |
3,694,662,750 |
JPY |
|
229,958 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
1,864,325,233 |
JPY |
12,624,893 |
USD |
|
103 |
|
— |
| |||||||
|
Royal Bank of Canada |
10/3/2025 |
12,624,896 |
USD |
1,847,328,413 |
JPY |
|
115,000 |
|
— |
| |||||||
|
Royal Bank of Canada |
11/6/2025 |
13,175,707 |
USD |
1,938,768,090 |
JPY |
|
— |
|
(200 |
) | |||||||
|
UBS Group AG |
10/3/2025 |
1,864,400,454 |
JPY |
12,624,896 |
USD |
|
609 |
|
— |
| |||||||
|
UBS Group AG |
10/3/2025 |
12,624,896 |
USD |
1,847,412,394 |
JPY |
|
114,432 |
|
— |
| |||||||
|
UBS Group AG |
11/6/2025 |
13,175,709 |
USD |
1,938,853,011 |
JPY |
|
— |
|
(775 |
) | |||||||
|
$ |
631,239 |
$ |
(47,374 |
) | |||||||||||||
See Notes to Financial Statements.
30 WisdomTree Trust
|
Schedule of Investments (unaudited) (concluded) WisdomTree Japan Opportunities Fund (OPPJ) September 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 |
|
|
|
|
| ||||||||
|
Common Stocks |
$ |
87,313,982 |
$ |
— |
|
$— |
$ |
87,313,982 |
| ||||
|
Mutual Fund |
|
— |
|
30,368 |
|
— |
|
30,368 |
| ||||
|
Investment of Cash Collateral for Securities Loaned |
|
— |
|
1,310,156 |
|
— |
|
1,310,156 |
| ||||
|
Total Investments in Securities |
$ |
87,313,982 |
$ |
1,340,524 |
|
$— |
$ |
88,654,506 |
| ||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
631,239 |
|
$— |
$ |
631,239 |
| ||||
|
Liabilities: |
|
|
|
|
| ||||||||
|
Financial Derivative Instruments |
|
|
|
|
| ||||||||
|
Foreign Currency Contracts1 |
$ |
— |
$ |
(47,374 |
) |
$— |
$ |
(47,374 |
) | ||||
|
Total – Net |
$ |
87,313,982 |
$ |
1,924,389 |
|
$— |
$ |
89,238,371 |
| ||||
1Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.
See Notes to Financial Statements.
WisdomTree Trust 31
|
Statements of Assets and Liabilities (unaudited) WisdomTree Trust September 30, 2025
|
|
WisdomTree |
WisdomTree |
WisdomTree |
WisdomTree | ||||||||||
|
ASSETS: |
|
|
|
|
|
||||||||
|
Investments in securities, at cost |
$ |
1,213,360,377 |
|
$ |
154,317,589 |
$ |
6,161,438 |
$ |
1,890,015,533 | ||||
|
Investments in affiliates, at cost (Note 3) |
|
— |
|
|
— |
|
— |
|
8,570,491 | ||||
|
Foreign currency, at cost |
|
1,062,989 |
|
|
272,870 |
|
8,806 |
|
874,057 | ||||
|
Investments in securities, at value1,2 (Note 2) |
|
1,730,324,589 |
|
|
164,180,017 |
|
6,530,699 |
|
2,279,893,682 | ||||
|
Investments in affiliates, at value (Note 3) |
|
— |
|
|
— |
|
— |
|
8,639,958 | ||||
|
Foreign currency, at value |
|
1,071,157 |
|
|
272,593 |
|
8,755 |
|
874,397 | ||||
|
Unrealized appreciation on foreign currency contracts |
|
15,645 |
|
|
223,139 |
|
38,239 |
|
5,872,087 | ||||
|
Receivables: |
|
|
|
|
|
||||||||
|
Investment securities sold |
|
85,104,236 |
|
|
— |
|
— |
|
15,798,820 | ||||
|
Dividends |
|
612,603 |
|
|
432,686 |
|
65 |
|
4,901,659 | ||||
|
Securities lending income |
|
2,364 |
|
|
40 |
|
— |
|
10,096 | ||||
|
Interest |
|
— |
|
|
54 |
|
— |
|
— | ||||
|
Foreign tax reclaims |
|
11,100,192 |
|
|
358,277 |
|
— |
|
10,325,564 | ||||
|
Other (Note 6) |
|
706,858 |
|
|
218,772 |
|
— |
|
597,337 | ||||
|
Total Assets |
|
1,828,937,644 |
|
|
165,685,578 |
|
6,577,758 |
|
2,326,913,600 | ||||
|
LIABILITIES: |
|
|
|
|
|
||||||||
|
Unrealized depreciation on foreign currency contracts |
|
3,536,570 |
|
|
220,630 |
|
— |
|
5,238,508 | ||||
|
Payables: |
|
|
|
|
|
||||||||
|
Cash collateral received for securities loaned (Note 2) |
|
3,447,865 |
|
|
— |
|
— |
|
38,059,996 | ||||
|
Capital shares redeemed |
|
85,510,509 |
|
|
137 |
|
— |
|
16,086,416 | ||||
|
Net variation margin on futures contracts |
|
— |
|
|
— |
|
1 |
|
— | ||||
|
Advisory fees (Note 3) |
|
858,160 |
|
|
74,133 |
|
3,343 |
|
1,096,873 | ||||
|
Service fees (Note 2) |
|
6,510 |
|
|
562 |
|
23 |
|
8,322 | ||||
|
Foreign capital gains tax |
|
— |
|
|
— |
|
201,099 |
|
— | ||||
|
Cash due to custodian |
|
9,123 |
|
|
123,410 |
|
— |
|
89,239 | ||||
|
Other (Note 6) |
|
212,057 |
|
|
65,632 |
|
— |
|
189,261 | ||||
|
Total Liabilities |
|
93,580,794 |
|
|
484,504 |
|
204,466 |
|
60,768,615 | ||||
|
NET ASSETS |
$ |
1,735,356,850 |
|
$ |
165,201,074 |
$ |
6,373,292 |
$ |
2,266,144,985 | ||||
|
NET ASSETS: |
|
|
|
|
|
||||||||
|
Paid-in capital |
$ |
3,275,435,602 |
|
$ |
163,751,634 |
$ |
6,012,433 |
$ |
2,101,992,223 | ||||
|
Total distributable earnings (loss) |
|
(1,540,078,752 |
) |
|
1,449,440 |
|
360,859 |
|
164,152,762 | ||||
|
NET ASSETS |
$ |
1,735,356,850 |
|
$ |
165,201,074 |
$ |
6,373,292 |
$ |
2,266,144,985 | ||||
|
Outstanding
beneficial interest shares of $0.001 par value |
|
34,500,000 |
|
|
3,400,000 |
|
150,000 |
|
49,150,000 | ||||
|
Net asset value per share |
$ |
50.30 |
|
$ |
48.59 |
$ |
42.49 |
$ |
46.11 | ||||
|
1 Includes market value of securities out on loan of: |
$ |
10,994,907 |
|
$ |
— |
$ |
— |
$ |
31,081,210 | ||||
|
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information) | |||||||||||||
See Notes to Financial Statements.
32 WisdomTree Trust
|
Statements of Assets and Liabilities (unaudited) (concluded) WisdomTree Trust September 30, 2025
|
|
WisdomTree
|
WisdomTree
| ||||||
|
ASSETS: |
|
|
|
||||
|
Investments in securities, at cost |
$ |
3,585,977,388 |
|
$ |
80,531,453 | ||
|
Investments in affiliates, at cost (Note 3) |
|
114,400,000 |
|
|
— | ||
|
Foreign currency, at cost |
|
160,748 |
|
|
111,034 | ||
|
Investments in securities, at value1,2 (Note 2) |
|
4,369,233,766 |
|
|
88,654,506 | ||
|
Investments in affiliates, at value (Note 3) |
|
114,400,000 |
|
|
— | ||
|
Foreign currency, at value |
|
161,598 |
|
|
111,428 | ||
|
Unrealized appreciation on foreign currency contracts |
|
34,197,614 |
|
|
631,239 | ||
|
Receivables: |
|
|
|
||||
|
Capital shares sold |
|
102,982,817 |
|
|
— | ||
|
Dividends |
|
36,744,438 |
|
|
893,545 | ||
|
Securities lending income |
|
109,034 |
|
|
5,861 | ||
|
Foreign tax reclaims |
|
8,695,916 |
|
|
83,876 | ||
|
Total Assets |
|
4,666,525,183 |
|
|
90,380,455 | ||
|
LIABILITIES: |
|
|
|
||||
|
Unrealized depreciation on foreign currency contracts |
|
746,764 |
|
|
47,374 | ||
|
Payables: |
|
|
|
||||
|
Cash collateral received for securities loaned (Note 2) |
|
515,894,016 |
|
|
1,310,156 | ||
|
Investment securities purchased |
|
149,049,620 |
|
|
775,671 | ||
|
Advisory fees (Note 3) |
|
1,510,324 |
|
|
41,918 | ||
|
Service fees (Note 2) |
|
13,863 |
|
|
318 | ||
|
Total Liabilities |
|
667,214,587 |
|
|
2,175,437 | ||
|
NET ASSETS |
$ |
3,999,310,596 |
|
$ |
88,205,018 | ||
|
NET ASSETS: |
|
|
|
||||
|
Paid-in capital |
$ |
4,506,540,824 |
|
$ |
84,133,507 | ||
|
Total distributable earnings (loss) |
|
(507,230,228 |
) |
|
4,071,511 | ||
|
NET ASSETS |
$ |
3,999,310,596 |
|
$ |
88,205,018 | ||
|
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
|
30,950,000 |
|
|
2,100,000 | ||
|
Net asset value per share |
$ |
129.22 |
|
$ |
42.00 | ||
|
1 Includes market value of securities out on loan of: |
$ |
481,740,162 |
|
$ |
2,483,039 | ||
|
2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information) | |||||||
See Notes to Financial Statements.
WisdomTree Trust 33
|
Statements of Operations (unaudited) WisdomTree Trust For the Six Months Ended September 30, 2025
|
|
WisdomTree |
WisdomTree |
WisdomTree |
WisdomTree | |||||||||||||
|
INVESTMENT INCOME: |
|
|
|
|
|
|
|
| ||||||||
|
Dividends |
$ |
39,734,185 |
|
$ |
4,036,293 |
|
$ |
65,388 |
|
$ |
46,969,015 |
| ||||
|
Dividends from affiliates (Note 3) |
|
— |
|
|
— |
|
|
— |
|
|
3,821 |
| ||||
|
Other income (Note 6) |
|
— |
|
|
566 |
|
|
— |
|
|
1,664 |
| ||||
|
Securities lending income, net (Note 2)1 |
|
64,282 |
|
|
1,456 |
|
|
— |
|
|
79,638 |
| ||||
|
Less: Foreign withholding taxes on dividends |
|
(5,089,540 |
) |
|
(614,689 |
) |
|
(13,648 |
) |
|
(4,393,737 |
) | ||||
|
Total investment income |
|
34,708,927 |
|
|
3,423,626 |
|
|
51,740 |
|
|
42,660,401 |
| ||||
|
EXPENSES: |
|
|
|
|
|
|
|
| ||||||||
|
Advisory fees (Note 3) |
|
5,049,150 |
|
|
334,313 |
|
|
22,944 |
|
|
7,200,316 |
| ||||
|
Service fees (Note 2) |
|
38,304 |
|
|
2,536 |
|
|
160 |
|
|
54,623 |
| ||||
|
Other fees (Note 6) |
|
— |
|
|
1,886 |
|
|
— |
|
|
5,548 |
| ||||
|
Total expenses |
|
5,087,454 |
|
|
338,735 |
|
|
23,104 |
|
|
7,260,487 |
| ||||
|
Expense waivers (Note 3) |
|
— |
|
|
— |
|
|
— |
|
|
(403 |
) | ||||
|
Expense waivers – contractual (Note 3) |
|
(235 |
) |
|
— |
|
|
— |
|
|
(1,369 |
) | ||||
|
Net expenses |
|
5,087,219 |
|
|
338,735 |
|
|
23,104 |
|
|
7,258,715 |
| ||||
|
Net investment income |
|
29,621,708 |
|
|
3,084,891 |
|
|
28,636 |
|
|
35,401,686 |
| ||||
|
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
|
|
|
|
|
|
|
| ||||||||
|
Net realized gain (loss) from: |
|
|
|
|
|
|
|
| ||||||||
|
Investment transactions2 |
|
8,725,433 |
|
|
10,663,194 |
|
|
3,903 |
|
|
(20,120,075 |
) | ||||
|
In-kind redemptions |
|
70,699,187 |
|
|
10,024,965 |
|
|
— |
|
|
166,515,534 |
| ||||
|
Futures contracts |
|
— |
|
|
— |
|
|
(1,057 |
) |
|
— |
| ||||
|
Foreign currency contracts |
|
(190,279,751 |
) |
|
(8,431,383 |
) |
|
(24,575 |
) |
|
(224,382,482 |
) | ||||
|
Foreign currency related transactions |
|
1,459,718 |
|
|
198,762 |
|
|
(3,994 |
) |
|
1,739,709 |
| ||||
|
Net realized gain (loss) |
|
(109,395,413 |
) |
|
12,455,538 |
|
|
(25,723 |
) |
|
(76,247,314 |
) | ||||
|
Net increase (decrease) in net unrealized appreciation/depreciation: |
|
|
|
|
|
|
|
| ||||||||
|
Investment transactions3 |
|
168,021,567 |
|
|
1,410,320 |
|
|
13,436 |
|
|
152,233,874 |
| ||||
|
Investment transactions in affiliates (Note 3) |
|
— |
|
|
— |
|
|
— |
|
|
25,271 |
| ||||
|
Futures contracts |
|
— |
|
|
— |
|
|
(1 |
) |
|
— |
| ||||
|
Foreign currency contracts |
|
57,602,881 |
|
|
2,631,965 |
|
|
215,667 |
|
|
80,185,579 |
| ||||
|
Translation of assets and liabilities denominated in foreign currencies |
|
842,889 |
|
|
18,994 |
|
|
(259 |
) |
|
823,109 |
| ||||
|
Net increase in unrealized appreciation/depreciation |
|
226,467,337 |
|
|
4,061,279 |
|
|
228,843 |
|
|
233,267,833 |
| ||||
|
Net realized and unrealized gain on investments |
|
117,071,924 |
|
|
16,516,817 |
|
|
203,120 |
|
|
157,020,519 |
| ||||
|
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ |
146,693,632 |
|
$ |
19,601,708 |
|
$ |
231,756 |
|
$ |
192,422,205 |
| ||||
|
1 Includes securities lending income from affiliate of: |
$ |
4,381 |
|
$ |
— |
|
$ |
— |
|
$ |
30,500 |
| ||||
|
2 Net of foreign capital gains (tax) and capital gains tax refund, if applicable, of: |
$ |
— |
|
$ |
— |
|
$ |
(42,428 |
) |
$ |
— |
| ||||
|
3 Includes net increase (decrease) in accrued foreign capital gain taxes of: |
$ |
— |
|
$ |
— |
|
$ |
31,695 |
|
$ |
— |
| ||||
See Notes to Financial Statements.
34 WisdomTree Trust
|
Statements of Operations (unaudited) (concluded) WisdomTree Trust For the Six Months Ended September 30, 2025
|
|
WisdomTree
|
WisdomTree
| |||||||
|
INVESTMENT INCOME: |
|
|
|
| ||||
|
Dividends |
$ |
54,908,468 |
|
$ |
1,368,203 |
| ||
|
Securities lending income, net (Note 2)1 |
|
306,000 |
|
|
32,950 |
| ||
|
Less: Foreign withholding taxes on dividends |
|
(5,326,855 |
) |
|
(205,597 |
) | ||
|
Total investment income |
|
49,887,613 |
|
|
1,195,556 |
| ||
|
EXPENSES: |
|
|
|
| ||||
|
Advisory fees (Note 3) |
|
8,414,414 |
|
|
233,427 |
| ||
|
Service fees (Note 2) |
|
77,132 |
|
|
1,771 |
| ||
|
Total expenses |
|
8,491,546 |
|
|
235,198 |
| ||
|
Expense waivers – contractual (Note 3) |
|
(8,648 |
) |
|
— |
| ||
|
Net expenses |
|
8,482,898 |
|
|
235,198 |
| ||
|
Net investment income |
|
41,404,715 |
|
|
960,358 |
| ||
|
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
|
|
|
| ||||
|
Net realized gain (loss) from: |
|
|
|
| ||||
|
Investment transactions |
|
(19,804,588 |
) |
|
5,307,014 |
| ||
|
In-kind redemptions |
|
73,419,755 |
|
|
9,593,942 |
| ||
|
Foreign currency contracts |
|
(31,097,401 |
) |
|
(2,727,550 |
) | ||
|
Foreign currency related transactions |
|
(1,191,274 |
) |
|
41,825 |
| ||
|
Net realized gain |
|
21,326,492 |
|
|
12,215,231 |
| ||
|
Net increase (decrease) in net unrealized appreciation/depreciation: |
|
|
|
| ||||
|
Investment transactions |
|
531,248,395 |
|
|
2,789,318 |
| ||
|
Foreign currency contracts |
|
50,593,560 |
|
|
921,983 |
| ||
|
Translation of assets and liabilities denominated in foreign currencies |
|
25,827 |
|
|
(1,323 |
) | ||
|
Net increase in unrealized appreciation/depreciation |
|
581,867,782 |
|
|
3,709,978 |
| ||
|
Net realized and unrealized gain on investments |
|
603,194,274 |
|
|
15,925,209 |
| ||
|
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ |
644,598,989 |
|
$ |
16,885,567 |
| ||
|
1 Includes securities lending income from affiliate of: |
$ |
198,042 |
|
$ |
— |
| ||
See Notes to Financial Statements.
WisdomTree Trust 35
|
Statements of Changes in Net Assets WisdomTree Trust
|
|
WisdomTree Europe Hedged
|
WisdomTree
European | |||||||||||||||
|
For
the |
For
the |
For
the |
For
the | |||||||||||||
|
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
|
Net investment income |
$ |
29,621,708 |
|
$ |
50,418,416 |
|
$ |
3,084,891 |
|
$ |
2,007,390 |
| ||||
|
Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions |
|
(109,395,413 |
) |
|
142,411,401 |
|
|
12,455,538 |
|
|
2,145,763 |
| ||||
|
Net increase (decrease) in net unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies |
|
226,467,337 |
|
|
(199,413,252 |
) |
|
4,061,279 |
|
|
1,852,428 |
| ||||
|
Net increase (decrease) in net assets resulting from operations |
|
146,693,632 |
|
|
(6,583,435 |
) |
|
19,601,708 |
|
|
6,005,581 |
| ||||
|
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
|
Distributable earnings |
|
(30,853,750 |
) |
|
(53,344,485 |
) |
|
(3,305,000 |
) |
|
(1,826,376 |
) | ||||
|
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
|
Net proceeds from sale of shares |
|
107,203,609 |
|
|
250,360,125 |
|
|
106,798,149 |
|
|
37,147,912 |
| ||||
|
Cost of shares redeemed |
|
(158,465,082 |
) |
|
(419,648,461 |
) |
|
(37,582,681 |
) |
|
(5,717,516 |
) | ||||
|
Net increase (decrease) in net assets resulting from capital share transactions |
|
(51,261,473 |
) |
|
(169,288,336 |
) |
|
69,215,468 |
|
|
31,430,396 |
| ||||
|
Net Increase (Decrease) in Net Assets |
|
64,578,409 |
|
|
(229,216,256 |
) |
|
85,512,176 |
|
|
35,609,601 |
| ||||
|
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
|
Beginning of period |
$ |
1,670,778,441 |
|
$ |
1,899,994,697 |
|
$ |
79,688,898 |
|
$ |
44,079,297 |
| ||||
|
End of period |
$ |
1,735,356,850 |
|
$ |
1,670,778,441 |
|
$ |
165,201,074 |
|
$ |
79,688,898 |
| ||||
|
SHARES CREATED AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
|
Shares outstanding, beginning of period |
|
35,450,000 |
|
|
39,450,000 |
|
|
1,900,000 |
|
|
1,150,000 |
| ||||
|
Shares created |
|
2,250,000 |
|
|
5,250,000 |
|
|
2,300,000 |
|
|
900,000 |
| ||||
|
Shares redeemed |
|
(3,200,000 |
) |
|
(9,250,000 |
) |
|
(800,000 |
) |
|
(150,000 |
) | ||||
|
Shares outstanding, end of period |
|
34,500,000 |
|
|
35,450,000 |
|
|
3,400,000 |
|
|
1,900,000 |
| ||||
See Notes to Financial Statements.
36 WisdomTree Trust
|
Statements of Changes in Net Assets (continued) WisdomTree Trust
|
|
WisdomTree India
|
WisdomTree
International Hedged | |||||||||||||||
|
For
the |
For
the Period |
For
the |
For
the | |||||||||||||
|
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
|
Net investment income |
$ |
28,636 |
|
$ |
147,045 |
|
$ |
35,401,686 |
|
$ |
46,377,369 |
| ||||
|
Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions |
|
(25,723 |
) |
|
340,560 |
|
|
(76,247,314 |
) |
|
169,034,915 |
| ||||
|
Net increase (decrease) in net unrealized appreciation/depreciation on investments, futures contracts, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies |
|
228,843 |
|
|
(22,494 |
) |
|
233,267,833 |
|
|
(334,220,149 |
) | ||||
|
Net increase (decrease) in net assets resulting from operations |
|
231,756 |
|
|
465,111 |
|
|
192,422,205 |
|
|
(118,807,865 |
) | ||||
|
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
|
Distributable earnings |
|
— |
|
|
(41,486 |
) |
|
(44,710,500 |
) |
|
(50,859,826 |
) | ||||
|
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
|
Net proceeds from sale of shares |
|
— |
|
|
50,553,757 |
|
|
13,561,503 |
|
|
1,053,136,948 |
| ||||
|
Cost of shares redeemed |
|
(1,074,057 |
) |
|
(43,761,909 |
) |
|
(730,419,777 |
) |
|
(429,490,280 |
) | ||||
|
Net increase (decrease) in net assets resulting from capital share transactions |
|
(1,074,057 |
) |
|
6,791,848 |
|
|
(716,858,274 |
) |
|
623,646,668 |
| ||||
|
Net Increase (Decrease) in Net Assets |
|
(842,301 |
) |
|
7,215,473 |
|
|
(569,146,569 |
) |
|
453,978,977 |
| ||||
|
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
|
Beginning of period |
$ |
7,215,593 |
|
$ |
120 |
|
$ |
2,835,291,554 |
|
$ |
2,381,312,577 |
| ||||
|
End of period |
$ |
6,373,292 |
|
$ |
7,215,593 |
|
$ |
2,266,144,985 |
|
$ |
2,835,291,554 |
| ||||
|
SHARES CREATED AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
|
Shares outstanding, beginning of period |
|
175,000 |
|
|
3 |
|
|
65,650,000 |
|
|
52,000,000 |
| ||||
|
Shares created |
|
— |
|
|
1,225,000 |
|
|
300,000 |
|
|
23,300,000 |
| ||||
|
Shares redeemed |
|
(25,000 |
) |
|
(1,050,003 |
) |
|
(16,800,000 |
) |
|
(9,650,000 |
) | ||||
|
Shares outstanding, end of period |
|
150,000 |
|
|
175,000 |
|
|
49,150,000 |
|
|
65,650,000 |
| ||||
* Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.
See Notes to Financial Statements.
WisdomTree Trust 37
|
Statements of Changes in Net Assets (concluded) WisdomTree Trust
|
|
WisdomTree
Japan Hedged |
WisdomTree
Japan | |||||||||||||||
|
For
the |
For
the |
For
the |
For
the | |||||||||||||
|
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|
|
|
|
|
|
| ||||||||
|
Net investment income |
$ |
41,404,715 |
|
$ |
85,366,203 |
|
$ |
960,358 |
|
$ |
2,081,424 |
| ||||
|
Net realized gain on investments, foreign currency contracts and foreign currency related transactions |
|
21,326,492 |
|
|
487,494,735 |
|
|
12,215,231 |
|
|
5,196,189 |
| ||||
|
Net increase (decrease) in net unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies |
|
581,867,782 |
|
|
(548,316,502 |
) |
|
3,709,978 |
|
|
(3,092,163 |
) | ||||
|
Net increase in net assets resulting from operations |
|
644,598,989 |
|
|
24,544,436 |
|
|
16,885,567 |
|
|
4,185,450 |
| ||||
|
DISTRIBUTIONS TO SHAREHOLDERS: |
|
|
|
|
|
|
|
| ||||||||
|
Distributable earnings |
|
(44,823,000 |
) |
|
(129,533,264 |
) |
|
(1,286,000 |
) |
|
(2,407,390 |
) | ||||
|
CAPITAL SHARE TRANSACTIONS: |
|
|
|
|
|
|
|
| ||||||||
|
Net proceeds from sale of shares |
|
353,936,851 |
|
|
953,865,179 |
|
|
26,964,507 |
|
|
23,973,071 |
| ||||
|
Cost of shares redeemed |
|
(356,748,513 |
) |
|
(2,137,780,386 |
) |
|
(30,870,461 |
) |
|
(16,780,771 |
) | ||||
|
Net increase (decrease) in net assets resulting from capital share transactions |
|
(2,811,662 |
) |
|
(1,183,915,207 |
) |
|
(3,905,954 |
) |
|
7,192,300 |
| ||||
|
Net Increase (Decrease) in Net Assets |
|
596,964,327 |
|
|
(1,288,904,035 |
) |
|
11,693,613 |
|
|
8,970,360 |
| ||||
|
NET ASSETS: |
|
|
|
|
|
|
|
| ||||||||
|
Beginning of period |
$ |
3,402,346,269 |
|
$ |
4,691,250,304 |
|
$ |
76,511,405 |
|
$ |
67,541,045 |
| ||||
|
End of period |
$ |
3,999,310,596 |
|
$ |
3,402,346,269 |
|
$ |
88,205,018 |
|
$ |
76,511,405 |
| ||||
|
SHARES CREATED AND REDEEMED: |
|
|
|
|
|
|
|
| ||||||||
|
Shares outstanding, beginning of period |
|
31,200,000 |
|
|
43,150,000 |
|
|
2,200,000 |
|
|
2,000,000 |
| ||||
|
Shares created |
|
2,950,000 |
|
|
8,700,000 |
|
|
700,000 |
|
|
700,000 |
| ||||
|
Shares redeemed |
|
(3,200,000 |
) |
|
(20,650,000 |
) |
|
(800,000 |
) |
|
(500,000 |
) | ||||
|
Shares outstanding, end of period |
|
30,950,000 |
|
|
31,200,000 |
|
|
2,100,000 |
|
|
2,200,000 |
| ||||
See Notes to Financial Statements.
38 WisdomTree Trust
|
Financial Highlights WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
|
WisdomTree
Europe Hedged |
For
the |
For
the |
For
the |
For
the |
For
the |
For
the | ||||||||||||||||||
|
Net asset value, beginning of period |
$ |
47.13 |
|
$ |
48.16 |
|
$ |
41.01 |
|
$ |
37.02 |
|
$ |
36.36 |
|
$ |
25.92 |
| ||||||
|
Investment Operations: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income2 |
|
0.83 |
|
|
1.37 |
|
|
1.40 |
|
|
1.06 |
|
|
0.69 |
|
|
0.88 |
| ||||||
|
Net realized and unrealized gain (loss) |
|
3.21 |
|
|
(0.97 |
)3 |
|
7.17 |
|
|
3.88 |
|
|
0.81 |
|
|
10.43 |
| ||||||
|
Total from investment operations |
|
4.04 |
|
|
0.40 |
|
|
8.57 |
|
|
4.94 |
|
|
1.50 |
|
|
11.31 |
| ||||||
|
Dividends to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income |
|
(0.87 |
) |
|
(1.43 |
) |
|
(1.42 |
) |
|
(0.95 |
) |
|
(0.84 |
) |
|
(0.87 |
) | ||||||
|
Net asset value, end of period |
$ |
50.30 |
|
$ |
47.13 |
|
$ |
48.16 |
|
$ |
41.01 |
|
$ |
37.02 |
|
$ |
36.36 |
| ||||||
|
TOTAL RETURN4 |
|
8.68 |
% |
|
0.98 |
% |
|
21.64 |
% |
|
13.94 |
% |
|
4.04 |
% |
|
44.22 |
% | ||||||
|
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net assets, end of period (000’s omitted) |
$ |
1,735,357 |
|
$ |
1,670,778 |
|
$ |
1,899,995 |
|
$ |
1,402,596 |
|
$ |
1,865,747 |
|
$ |
1,937,668 |
| ||||||
|
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Expenses5 |
|
0.58 |
%6,9 |
|
0.60 |
%7 |
|
0.64 |
%7 |
|
0.79 |
%7 |
|
0.59 |
%7 |
|
0.58 |
% | ||||||
|
Net investment income |
|
3.40 |
%6 |
|
3.01 |
% |
|
3.35 |
% |
|
2.95 |
% |
|
1.79 |
% |
|
2.81 |
% | ||||||
|
Portfolio turnover rate8 |
|
5 |
% |
|
35 |
% |
|
30 |
% |
|
38 |
% |
|
34 |
% |
|
55 |
% | ||||||
|
WisdomTree
European |
For
the |
For
the |
For
the |
For
the |
For
the |
For
the | ||||||||||||||||||
|
Net asset value, beginning of period |
$ |
41.94 |
|
$ |
38.33 |
|
$ |
33.77 |
|
$ |
34.73 |
|
$ |
33.96 |
|
$ |
23.43 |
| ||||||
|
Investment Operations: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income2 |
|
1.23 |
|
|
1.60 |
|
|
1.32 |
|
|
1.73 |
|
|
0.75 |
|
|
1.02 |
| ||||||
|
Net realized and unrealized gain (loss) |
|
6.79 |
|
|
3.52 |
|
|
4.48 |
|
|
(1.06 |
) |
|
0.91 |
|
|
10.56 |
| ||||||
|
Total from investment operations |
|
8.02 |
|
|
5.12 |
|
|
5.80 |
|
|
0.67 |
|
|
1.66 |
|
|
11.58 |
| ||||||
|
Dividends to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income |
|
(1.37 |
) |
|
(1.51 |
) |
|
(1.24 |
) |
|
(1.63 |
) |
|
(0.89 |
) |
|
(1.05 |
) | ||||||
|
Net asset value, end of period |
$ |
48.59 |
|
$ |
41.94 |
|
$ |
38.33 |
|
$ |
33.77 |
|
$ |
34.73 |
|
$ |
33.96 |
| ||||||
|
TOTAL RETURN4 |
|
19.42 |
% |
|
13.80 |
% |
|
17.76 |
% |
|
2.53 |
% |
|
4.86 |
% |
|
50.50 |
% | ||||||
|
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net assets, end of period (000’s omitted) |
$ |
165,201 |
|
$ |
79,689 |
|
$ |
44,079 |
|
$ |
48,967 |
|
$ |
60,772 |
|
$ |
37,353 |
| ||||||
|
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Expenses5 |
|
0.59 |
%6,7 |
|
0.81 |
%7 |
|
0.59 |
%7 |
|
0.59 |
%7 |
|
0.63 |
%7 |
|
0.58 |
% | ||||||
|
Net investment income |
|
5.35 |
%6 |
|
4.10 |
% |
|
3.85 |
% |
|
5.34 |
% |
|
2.08 |
% |
|
3.59 |
% | ||||||
|
Portfolio turnover rate8 |
|
114 |
%10 |
|
37 |
% |
|
32 |
% |
|
44 |
% |
|
57 |
% |
|
77 |
% | ||||||
1 Per share amounts were adjusted to reflect a 2:1 share split effective August 10, 2023.
2 Based on average shares outstanding.
3 The amount of net realized and unrealized gain (loss) per share does not correspond with the amounts reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.
4 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.
5 Does not include expenses of the underlying investment companies in which the Fund invests.
6 Annualized.
7 Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.
8 Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
9 The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.
10 The increase in portfolio turnover rate resulted from portfolio repositioning during the period in accordance with changes to the Fund’s investment objective and principal investment strategies approved by the Board of Trustees.
See Notes to Financial Statements.
WisdomTree Trust 39
|
Financial Highlights (continued) WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
|
WisdomTree India Hedged Equity Fund |
For
the |
For
the Period | ||||||
|
Net asset value, beginning of period |
$ |
41.23 |
|
$ |
40.09 |
| ||
|
Investment Operations: |
|
|
|
| ||||
|
Net investment income1 |
|
0.17 |
|
|
0.20 |
| ||
|
Net realized and unrealized gain |
|
1.09 |
|
|
1.07 |
| ||
|
Total from investment operations |
|
1.26 |
|
|
1.27 |
| ||
|
Dividends and distributions to shareholders: |
|
|
|
| ||||
|
Capital gains |
|
— |
|
|
(0.13 |
) | ||
|
Total dividends and distributions to shareholders |
|
— |
|
|
(0.13 |
) | ||
|
Net asset value, end of period |
$ |
42.49 |
|
$ |
41.23 |
| ||
|
TOTAL RETURN2 |
|
3.06 |
% |
|
3.15 |
% | ||
|
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
| ||||
|
Net assets, end of period (000’s omitted) |
$ |
6,373 |
|
$ |
7,216 |
| ||
|
Ratio to average net assets of: |
|
|
|
| ||||
|
Expenses |
|
0.63 |
%3 |
|
0.64 |
%3,4 | ||
|
Net investment income |
|
0.79 |
%3 |
|
0.51 |
%3 | ||
|
Portfolio turnover rate5 |
|
3 |
% |
|
138 |
% | ||
|
WisdomTree
International Hedged |
For
the |
For
the |
For
the |
For
the |
For
the |
For
the | ||||||||||||||||||
|
Net asset value, beginning of period |
$ |
43.19 |
|
$ |
45.79 |
|
$ |
39.17 |
|
$ |
43.04 |
|
$ |
41.17 |
|
$ |
30.61 |
| ||||||
|
Investment Operations: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income1 |
|
0.64 |
|
|
0.76 |
|
|
0.73 |
|
|
1.29 |
|
|
1.25 |
|
|
0.88 |
| ||||||
|
Net realized and unrealized gain (loss) |
|
3.10 |
|
|
(2.52 |
) |
|
6.66 |
|
|
(0.45 |
)6 |
|
2.03 |
|
|
10.54 |
| ||||||
|
Net increase from payment by sub-adviser |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.00 |
7 |
|
0.08 |
| ||||||
|
Total from investment operations |
|
3.74 |
|
|
(1.76 |
) |
|
7.39 |
|
|
0.84 |
|
|
3.28 |
|
|
11.50 |
| ||||||
|
Dividends and distributions to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income |
|
(0.82 |
) |
|
(0.84 |
) |
|
(0.77 |
) |
|
(1.33 |
) |
|
(1.41 |
) |
|
(0.94 |
) | ||||||
|
Capital gains |
|
— |
|
|
— |
|
|
— |
|
|
(3.38 |
) |
|
— |
|
|
— |
| ||||||
|
Total dividends and distributions to shareholders |
|
(0.82 |
) |
|
(0.84 |
) |
|
(0.77 |
) |
|
(4.71 |
) |
|
(1.41 |
) |
|
(0.94 |
) | ||||||
|
Net asset value, end of period |
$ |
46.11 |
|
$ |
43.19 |
|
$ |
45.79 |
|
$ |
39.17 |
|
$ |
43.04 |
|
$ |
41.17 |
| ||||||
|
TOTAL RETURN2 |
|
8.73 |
% |
|
(3.90 |
)% |
|
19.09 |
% |
|
3.00 |
% |
|
7.93 |
%8 |
|
37.85 |
%9 | ||||||
|
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net assets, end of period (000’s omitted) |
$ |
2,266,145 |
|
$ |
2,835,292 |
|
$ |
2,381,313 |
|
$ |
1,396,586 |
|
$ |
1,177,093 |
|
$ |
899,491 |
| ||||||
|
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Expenses10,11 |
|
0.58 |
%3,13 |
|
0.60 |
%12 |
|
0.59 |
%12 |
|
0.59 |
%12 |
|
0.58 |
% |
|
0.58 |
% | ||||||
|
Net investment income |
|
2.85 |
%3 |
|
1.69 |
% |
|
1.79 |
% |
|
3.35 |
% |
|
2.85 |
% |
|
2.37 |
% | ||||||
|
Portfolio turnover rate5 |
|
5 |
% |
|
52 |
% |
|
57 |
% |
|
86 |
% |
|
61 |
% |
|
67 |
% | ||||||
* Commencement of operations. The commencement of operations date is considered to be the date that the Fund began trading in the secondary market.
1 Based on average shares outstanding.
2 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.
3 Annualized.
4 Includes interest expense of less than 0.01% for the fiscal period.
5 Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
6 The amount of net realized and unrealized gain (loss) per share does not correspond with the amounts reported within the Statements of Changes due to the timing of capital share transactions of Fund shares and fluctuating market values during the fiscal year.
7 Amount represents less than $0.005.
8 Includes a voluntary reimbursement from the sub-advisor for investment losses on certain equity transactions during the period. Excluding the voluntary reimbursement, total return would have been unchanged.
9 Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.27% lower.
10 The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.
11 Does not include expenses of the underlying investment companies in which the Fund invests.
12 Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been 0.58%.
13 Included in the expense ratio are “Other fees” described in Note 6. Without these expenses, the expense ratio would have been unchanged.
See Notes to Financial Statements.
40 WisdomTree Trust
|
Financial Highlights (concluded) WisdomTree Trust
Selected data for a share of beneficial interest outstanding throughout the period is presented below: |
|
WisdomTree
Japan Hedged |
For
the |
For
the |
For
the |
For
the |
For
the |
For
the | ||||||||||||||||||
|
Net asset value, beginning of period |
$ |
109.05 |
|
$ |
108.72 |
|
$ |
70.52 |
|
$ |
64.64 |
|
$ |
61.01 |
|
$ |
42.64 |
| ||||||
|
Investment Operations: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income1 |
|
1.37 |
|
|
2.22 |
|
|
2.36 |
|
|
1.91 |
|
|
1.52 |
|
|
1.02 |
| ||||||
|
Net realized and unrealized gain |
|
20.28 |
|
|
1.65 |
|
|
38.55 |
|
|
6.54 |
|
|
3.76 |
|
|
18.73 |
| ||||||
|
Net increase from payment by sub-adviser |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.00 |
2 | ||||||
|
Total from investment operations |
|
21.65 |
|
|
3.87 |
|
|
40.91 |
|
|
8.45 |
|
|
5.28 |
|
|
19.75 |
| ||||||
|
Dividends to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income |
|
(1.48 |
) |
|
(3.54 |
) |
|
(2.71 |
) |
|
(2.57 |
) |
|
(1.65 |
) |
|
(1.38 |
) | ||||||
|
Net asset value, end of period |
$ |
129.22 |
|
$ |
109.05 |
|
$ |
108.72 |
|
$ |
70.52 |
|
$ |
64.64 |
|
$ |
61.01 |
| ||||||
|
TOTAL RETURN3 |
|
20.04 |
% |
|
3.55 |
% |
|
58.99 |
% |
|
13.48 |
% |
|
8.79 |
% |
|
46.97 |
%4 | ||||||
|
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net assets, end of period (000’s omitted) |
$ |
3,999,311 |
|
$ |
3,402,346 |
|
$ |
4,691,250 |
|
$ |
1,530,182 |
|
$ |
1,919,844 |
|
$ |
1,674,759 |
| ||||||
|
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Expenses5 |
|
0.48 |
%6,7 |
|
0.48 |
% |
|
0.48 |
% |
|
0.48 |
% |
|
0.48 |
% |
|
0.48 |
% | ||||||
|
Net investment income |
|
2.36 |
%6 |
|
2.04 |
% |
|
2.67 |
% |
|
2.93 |
% |
|
2.45 |
% |
|
2.03 |
% | ||||||
|
Portfolio turnover rate8 |
|
9 |
% |
|
36 |
% |
|
32 |
% |
|
37 |
% |
|
22 |
% |
|
25 |
% | ||||||
|
WisdomTree
Japan |
For
the |
For
the |
For
the |
For
the |
For
the |
For
the | ||||||||||||||||||
|
Net asset value, beginning of period |
$ |
34.78 |
|
$ |
33.77 |
|
$ |
24.12 |
|
$ |
21.33 |
|
$ |
22.38 |
|
$ |
16.94 |
| ||||||
|
Investment Operations: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income1 |
|
0.44 |
|
|
0.95 |
|
|
0.79 |
|
|
0.56 |
|
|
0.49 |
|
|
0.32 |
| ||||||
|
Net realized and unrealized gain (loss) |
|
7.37 |
|
|
1.20 |
|
|
9.67 |
|
|
3.06 |
|
|
(0.90 |
) |
|
5.73 |
| ||||||
|
Total from investment operations |
|
7.81 |
|
|
2.15 |
|
|
10.46 |
|
|
3.62 |
|
|
(0.41 |
) |
|
6.05 |
| ||||||
|
Dividends to shareholders: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net investment income |
|
(0.59 |
) |
|
(1.14 |
) |
|
(0.81 |
) |
|
(0.83 |
) |
|
(0.64 |
) |
|
(0.61 |
) | ||||||
|
Net asset value, end of period |
$ |
42.00 |
|
$ |
34.78 |
|
$ |
33.77 |
|
$ |
24.12 |
|
$ |
21.33 |
|
$ |
22.38 |
| ||||||
|
TOTAL RETURN3 |
|
22.72 |
% |
|
6.42 |
% |
|
43.87 |
% |
|
17.36 |
% |
|
(1.80 |
)% |
|
36.31 |
% | ||||||
|
RATIOS/SUPPLEMENTAL DATA: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Net assets, end of period (000’s omitted) |
$ |
88,205 |
|
$ |
76,511 |
|
$ |
67,541 |
|
$ |
24,125 |
|
$ |
25,603 |
|
$ |
31,332 |
| ||||||
|
Ratio to average net assets of: |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||||
|
Expenses5 |
|
0.58 |
%6 |
|
0.58 |
% |
|
0.58 |
% |
|
0.58 |
% |
|
0.58 |
% |
|
0.58 |
% | ||||||
|
Net investment income |
|
2.39 |
%6 |
|
2.80 |
% |
|
2.75 |
% |
|
2.52 |
% |
|
2.26 |
% |
|
1.67 |
% | ||||||
|
Portfolio turnover rate8 |
|
118 |
%9 |
|
45 |
% |
|
46 |
% |
|
46 |
% |
|
41 |
% |
|
41 |
% | ||||||
1 Based on average shares outstanding.
2 Amount represents less than $0.005.
3 Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.
4 Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged.
5 Does not include expenses of the underlying investment companies in which the Fund invests.
6 Annualized.
7 The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.
8 Portfolio turnover rate is not annualized for fiscal periods less than one year and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.
9 The increase in portfolio turnover rate resulted from portfolio repositioning during the period in accordance with changes to the Fund’s investment objective and principal investment strategies approved by the Board of Trustees.
See Notes to Financial Statements.
WisdomTree Trust 41
|
Notes to Financial Statements
|
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.
|
Fund |
Commencement
|
|
WisdomTree Europe Hedged Equity Fund (“Europe Hedged Equity Fund”) |
December 31, 2009 |
|
WisdomTree European Opportunities Fund (“European Opportunities Fund”) (formerly, WisdomTree Europe Hedged SmallCap Equity Fund) |
March 4, 2015 |
|
WisdomTree India Hedged Equity Fund (“India Hedged Equity Fund”) |
May 9, 2024 |
|
WisdomTree International Hedged Quality Dividend Growth Fund (“International Hedged Quality Dividend Growth Fund”) |
May 7, 2014 |
|
WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund”) |
June 16, 2006 |
|
WisdomTree Japan Opportunities Fund (“Japan Opportunities Fund”) (formerly, WisdomTree Japan Hedged SmallCap Equity Fund) |
June 28, 2013 |
Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree, Inc. (“WisdomTree”) or an Index developed by a third party. WisdomTree is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.
In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believe such exposure to be remote.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g., broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board” or “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally
42 WisdomTree Trust
|
Notes to Financial Statements (continued)
|
traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts that settle within two business days after the trade date (“Spot Contracts”) and foreign currency contracts having a settlement period greater than two business days after the trade date (“Forward Contracts”) are valued on the measurement date using an interpolated foreign exchange rate between the closest preceding and subsequent settlement period, using spot and forward rates provided by an independent pricing service provider.
Pursuant to Board-approved valuation procedures established by the Trust and WTAM, the Board has appointed WTAM as the Funds’ valuation designee (the “Valuation Designee”) to perform all fair valuations of the Funds’ portfolio investments, subject to the Board’s oversight. As the Valuation Designee, WTAM has established procedures for its fair valuation of a Fund’s portfolio investments. These procedures address, among other things, determining when market quotations are not readily available or reliable and the methodologies to be used for determining the fair value of investments, as well as the use and oversight of third-party pricing services for fair valuation. The Valuation Designee is comprised of senior representatives of WTAM and reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from the exchange or system on which it is principally traded, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Valuation Designee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.
Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurement, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Valuation Designee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended (either due to events affecting the issuer of the security specifically or events affecting the primary trading exchange more broadly) or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets in which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).
WisdomTree Trust 43
|
Notes to Financial Statements (continued)
|
The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:
Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details (e.g., credit rating, debt ranking, coupon rate, maturity date, etc.), interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.
Determination of a fair value by the Valuation Designee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Valuation Designee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Valuation Designee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.
The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.
During the six months ended September 30, 2025, there were no significant transfers into or out of Level 3 of the fair value hierarchy.
Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the fiscal period ended September 30, 2025 and open positions in such derivatives as of September 30, 2025 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements may also contain credit-risk related contingent features which may include, but are not limited to, a threshold in the Funds’ derivative agreements on unrealized depreciation (i.e., the Funds’ obligation to the counterparty) above a specified dollar amount. If an event occurred at September 30, 2025 that triggered a contingent feature, the counterparty to the agreement may require a Fund to post collateral (or additional collateral) or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment due to a counterparty. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed in Note 2 — Master Netting Arrangements under the column entitled “Liabilities: Net Amount”. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of September 30, 2025, if any, is reflected as a footnote within each Fund’s Schedule of Investments. At September 30, 2025, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.
44 WisdomTree Trust
|
Notes to Financial Statements (continued)
|
As of September 30, 2025, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:
|
Fund |
Asset Derivatives |
Liability Derivatives | ||
|
Balance Sheet Location |
Value |
Balance Sheet Location |
Value | |
|
Europe Hedged Equity Fund |
||||
|
Foreign currency risk |
Unrealized
appreciation on |
$15,645 |
Unrealized
depreciation on |
$3,536,570 |
|
European Opportunities Fund | ||||
|
Foreign currency risk |
Unrealized
appreciation on |
223,139 |
Unrealized
depreciation on |
220,630 |
|
India Hedged Equity Fund | ||||
|
Equity risk |
Unrealized
appreciation on |
— |
Unrealized
depreciation on |
1 |
|
Foreign currency risk |
Unrealized
appreciation on |
38,239 |
Unrealized
depreciation on |
— |
|
International Hedged Quality Dividend Growth Fund | ||||
|
Foreign currency risk |
Unrealized
appreciation on |
5,872,087 |
Unrealized
depreciation on |
5,238,508 |
|
Japan Hedged Equity Fund | ||||
|
Foreign currency risk |
Unrealized
appreciation on |
34,197,614 |
Unrealized
depreciation on |
746,764 |
|
Japan Opportunities Fund | ||||
|
Foreign currency risk |
Unrealized
appreciation on |
631,239 |
Unrealized
depreciation on |
47,374 |
For the six months or period ended September 30, 2025, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:
|
Fund |
Amount of |
Change in | ||||||
|
Europe Hedged Equity Fund |
|
|
|
| ||||
|
Foreign currency risk |
$ |
(190,279,751 |
) |
$ |
57,602,881 |
| ||
|
European Opportunities Fund |
| |||||||
|
Foreign currency risk |
|
(8,431,383 |
) |
|
2,631,965 |
| ||
|
India Hedged Equity Fund |
|
|
|
| ||||
|
Equity risk |
|
(1,057 |
) |
|
(1 |
) | ||
|
Foreign currency risk |
|
(24,575 |
) |
|
215,667 |
| ||
|
International Hedged Quality Dividend Growth Fund |
| |||||||
|
Foreign currency risk |
|
(224,382,482 |
) |
|
80,185,579 |
| ||
|
Japan Hedged Equity Fund |
| |||||||
|
Foreign currency risk |
|
(31,097,401 |
) |
|
50,593,560 |
| ||
|
Japan Opportunities Fund |
| |||||||
|
Foreign currency risk |
|
(2,727,550 |
) |
|
921,983 |
| ||
|
1 Realized gains (losses) on derivatives are located on the Statements of Operations as follows: |
| |||||||
|
Equity risk |
Net realized gain (loss) from futures contracts |
|
Foreign currency risk |
Net realized gain (loss) from foreign currency contracts |
|
2 Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows: | |
|
Foreign currency risk |
Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts |
WisdomTree Trust 45
|
Notes to Financial Statements (continued)
|
During the six months or period ended September 30, 2025, the volume of derivative activity (based on the average of month-end notional balances, except where footnoted) for each Fund was as follows:
|
Fund |
Average Notional | ||||||||
|
Foreign
|
Foreign |
Futures
| |||||||
|
Europe Hedged Equity Fund |
|
|
|
||||||
|
Foreign currency risk |
$ |
779,228,791 |
$ |
2,492,652,249 |
$ |
— | |||
|
European Opportunities Fund |
|
|
|
|
|||||
|
Foreign currency risk |
|
32,961,101 |
|
103,483,777 |
|
— | |||
|
India Hedged Equity Fund |
|
|
|
|
|||||
|
Equity risk |
|
— |
|
— |
|
7,075 | |||
|
Foreign currency risk |
|
3,135,900 |
|
10,268,539 |
|
— | |||
|
International Hedged Quality Dividend Growth Fund |
|
|
|
|
|||||
|
Foreign currency risk |
|
1,218,783,651 |
|
3,714,776,054 |
|
— | |||
|
Japan Hedged Equity Fund |
|
|
|
|
|||||
|
Foreign currency risk |
|
1,634,826,653 |
|
5,161,760,037 |
|
— | |||
|
Japan Opportunities Fund |
|
|
|
|
|||||
|
Foreign currency risk |
|
34,621,386 |
|
91,241,754 |
|
— | |||
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (less foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized on the ex-dividend date, or, with respect to foreign dividends, as soon as practicable after the existence of a dividend declaration has been determined, at the fair value of securities received. Upon notification from real estate investment trust (“REIT”) issuers or as estimated by management, all or a portion of the dividend income received from a REIT may be redesignated as a reduction of cost of the related investment and/or as a realized gain. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.
Foreign Taxes — The Funds may be subject to foreign taxes (a portion of which may be reclaimable or refundable) on foreign income or capital gains on investment transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and tax rates that exist in the foreign jurisdictions in which the Funds invest. These foreign taxes, if any, are accrued and applied to foreign income as the foreign income is earned and are reflected on the Statements of Operations as follows: foreign taxes withheld on dividends are presented as a reduction to investment income in “Less: Foreign withholding taxes on dividends”, foreign taxes on capital gains from investment transactions, if any, are included in “Net realized gain (loss) from investment transactions”, and deferred foreign taxes on net unrealized appreciation on investments, if any, are included in “Net increase (decrease) in unrealized appreciation/depreciation on investment transactions”. Foreign taxes payable or deferred as of September 30, 2025, if any, are disclosed in the Statements of Assets and Liabilities in “Payables: Foreign capital gains tax”.
In certain foreign jurisdictions, when the Funds incur subsequent capital losses on investment transactions that occurred during the tax year in the applicable foreign jurisdiction, the Funds may be entitled to a refund on any foreign taxes paid on previous capital gain investment transactions that occurred during the tax year of the applicable foreign jurisdiction. Foreign capital gain tax refunds on investment transactions are included in “Net realized gain (loss) from investment transactions” on the Statements of Operations and foreign capital gain tax refunds that remain unpaid as of September 30, 2025, if any, are disclosed in the Statements of Assets and Liabilities in “Receivables: Foreign capital gains tax refund”.
The Funds file foreign tax reclaims in certain foreign jurisdictions to recover a portion of amounts previously withheld on dividend income if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention.
46 WisdomTree Trust
|
Notes to Financial Statements (continued)
|
Foreign tax reclaims recorded relating to current fiscal year investment income are included in the Statements of Operations as a reduction to the balance shown for “Foreign withholding taxes on dividends” and foreign tax reclaims recorded, but not yet received as of September 30, 2025, if any, are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”.
Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of “net realized gain (loss) from investment transactions” and “net increase (decrease) in unrealized appreciation/depreciation from investment transactions”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in “net realized gain (loss) from foreign currency contracts” and “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts”, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in “net realized gain (loss) from foreign currency related transactions” and/or “net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies” in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.
Expenses — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.
Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.
Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.
Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes.
Foreign Currency Contracts — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes. During the fiscal period ended period, the Funds utilized foreign currency contracts primarily to offset exposure to foreign currencies consistent with each Fund’s investment objective. A foreign currency contract involves an obligation to purchase or sell a specific currency at a future
WisdomTree Trust 47
|
Notes to Financial Statements (continued)
|
date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A foreign currency contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades.
Risks may arise upon entering into foreign currency contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.
Fluctuations in the value of open foreign currency contracts are recorded for book purposes as unrealized gains or losses on foreign currency contracts by the Funds and are included in “net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts” on the Statements of Operations. Realized gains and losses on foreign currency contracts include net gains or losses recognized by the Funds on contracts which have settled and are included in “net realized gain (loss) from foreign currency contracts” on the Statements of Operations.
Futures Contracts — The India Hedged Equity Fund utilized equity futures contracts during the fiscal period ended September 30, 2025 to obtain market exposure consistent with its investment objectives. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency, equity, digital asset or U.S. Treasury security, collectively herein, “Reference Asset”) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified Reference Asset at a future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. A Fund may also cash settle upon the expiration date of a futures contract in which no physical delivery (or receipt) of the specified Reference Asset comprising the futures contract is made. Instead, settlement in cash would occur upon the expiration of the contract, with the cash settlement being the difference between the contract price and the actual price of the specified Reference Asset at the expiration date. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange clearing corporation.
Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or U.S. government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Cash deposited as initial margin, if any, is shown as “Deposits at broker for futures contracts” in the Statements of Assets and Liabilities, and U.S. government securities deposited, if any, are designated in the Schedule of Investments. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts, variation margin payments may be made or received when the futures contract expires. Variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the unrealized net gain or loss is reclassified to realized gain or loss on futures. The current one-day variation margin on open futures contracts, and the current accumulated variation margin on certain futures contracts that are received or paid when the futures contract expires, is shown on the Statements of Assets and Liabilities as either a receivable or a payable for “Net variation margin on futures contracts”. The Funds have adopted a derivatives risk management program pursuant to Rule 18f-4 under the 1940 Act to assess and manage the Funds’ derivatives risk. Rule 18f-4 limits the amount of derivatives a fund can enter into and replaces the asset segregation framework previously used by the Funds to comply with Section 18 of the 1940 Act.
Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the
48 WisdomTree Trust
|
Notes to Financial Statements (continued)
|
Statements of Operations. The gross securities lending income earned by the Funds from the investment of securities lending cash collateral in a money market fund affiliated with WisdomTree Trust is shown in “Securities lending income, net” and disclosed parenthetically on the Statement of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.
Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.
In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter (“OTC”) derivatives, such as foreign currency contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.
Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g., foreign currency contracts, options and certain swaps). To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.
The Funds’ securities lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. However, in the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.
WisdomTree Trust 49
|
Notes to Financial Statements (continued)
|
For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of September 30, 2025, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:
|
Fund |
Assets |
Liabilities | ||||||
|
Gross Amounts
|
Gross Amounts Not Offset in
|
Net Amount |
Gross Amounts
|
Gross Amounts Not Offset in
|
Net Amount | |||
|
Financial
|
Collateral
|
Financial
|
Collateral
| |||||
|
Europe Hedged Equity Fund |
||||||||
|
Securities Lending |
$ 10,994,907 |
$ — |
$ (10,994,907)1 |
$ — |
$ — |
$ — |
$ — |
$ — |
|
Foreign Currency Contracts |
15,645 |
(14,817) |
— |
828 |
3,536,570 |
(14,817) |
— |
3,521,753 |
|
European Opportunities Fund |
||||||||
|
Foreign Currency Contracts |
223,139 |
(157,545) |
— |
65,594 |
220,630 |
(157,545) |
— |
63,085 |
|
India Hedged Equity Fund |
||||||||
|
Foreign Currency Contracts |
38,239 |
— |
— |
38,239 |
— |
— |
— |
— |
|
International Hedged Quality Dividend Growth Fund |
||||||||
|
Foreign Currency Contracts |
5,872,087 |
(5,000,626) |
— |
871,461 |
5,238,508 |
(5,000,626) |
— |
237,882 |
|
Japan Hedged Equity Fund |
||||||||
|
Securities Lending |
481,740,162 |
— |
(481,740,162)1 |
— |
— |
— |
— |
— |
|
Foreign Currency Contracts |
34,197,614 |
(734,847) |
— |
33,462,767 |
746,764 |
(734,847) |
— |
11,917 |
|
Japan Opportunities Fund |
||||||||
|
Securities Lending |
2,483,039 |
— |
(2,483,039)1 |
— |
— |
— |
— |
— |
|
Foreign Currency Contracts |
631,239 |
(1,387) |
— |
629,852 |
47,374 |
(1,387) |
— |
45,987 |
|
1 The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero. |
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Restricted Securities — Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is indicated with a footnote on each Fund’s Schedule of Investments.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net 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.
50 WisdomTree Trust
|
Notes to Financial Statements (continued)
|
The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations (i.e., tax basis) which may differ to amounts determined under GAAP (i.e., book basis). These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.
3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.
WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets as shown in the following table:
|
Fund |
Advisory
|
|
Europe Hedged Equity Fund |
0.58% |
|
European Opportunities Fund |
0.58% |
|
India Hedged Equity Fund |
0.63% |
|
International Hedged Quality Dividend Growth Fund |
0.58% |
|
Japan Hedged Equity Fund |
0.48% |
|
Japan Opportunities Fund |
0.58% |
Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the fiscal period ended September 30, 2025, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of its advisory fees, that it would otherwise charge, for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (e.g., fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statements of Operations in “Expense waivers”.
As of March 11, 2025 (the “Effective Date”), WTAM has contractually agreed to waive a portion of its advisory fee associated with investments of cash collateral from securities lending in the WisdomTree Government Money Market Digital Fund (the “Digital Money Fund”), a series of WisdomTree Digital Trust, which is managed by WisdomTree Digital Management, Inc., a registered investment adviser and affiliate of WTAM. WTAM has agreed to reduce its advisory fee to be paid by a Fund for that portion of the Fund’s assets invested in the Digital Money Fund by the amount necessary to reduce the net expense ratio of the Digital Money Fund, currently 0.25% of net assets per annum, to an effective rate of 0.09% of net assets per annum. The initial term of this agreement is one year from the Effective Date. Thereafter, the agreement will automatically be renewed for one-year terms unless earlier terminated by the Board of the Trust or WTAM. The dollar amount of contractual fee waivers are included in “Expense waivers — contractual” on the Statements of Operations.
WisdomTree Trust 51
|
Notes to Financial Statements (continued)
|
WTAM and/or WisdomTree (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the six months ended September 30, 2025, WT held shares of and received distributions from the following Funds, which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:
|
Fund |
At September 30, 2025 |
For the Six Months
Ended | ||||||||
|
Fund Shares |
Market Value of |
Dividends and
| ||||||||
|
Europe Hedged Equity Fund |
459 |
$ |
23,134 |
$ |
388 | |||||
|
European Opportunities Fund |
1 |
|
49 |
|
1 | |||||
|
International Hedged Quality Dividend Growth Fund |
70 |
|
3,226 |
|
94 | |||||
|
Japan Hedged Equity Fund |
222 |
|
28,423 |
|
319 | |||||
|
WisdomTree Japan Opportunities Fund |
35 |
|
1,458 |
|
0^ | |||||
|
^ Amount represents less than $1. | ||||||||||
4. CAPITAL SHARE TRANSACTIONS
As of September 30, 2025, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof to an authorized participant (“AP”). Except when aggregated in creation units (“Creation Unit Aggregations”), shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities (“Deposit Securities”) and/or an amount of cash (“Cash Component”). Creation Unit Aggregations may be created in advance of receipt by a Fund of all or a portion of the applicable Deposit Securities from APs. In these circumstances, the initial deposit received from the AP will have a value greater than the NAV of the applicable Fund’s shares on the date the order is placed in proper form since, in addition to available Deposit Securities, U.S. cash must be deposited by the AP in an amount equal to the sum of (i) the Cash Component, plus (ii) generally between 102% and 110%, as directed by the Trust or WTAM, which the Trust or WTAM may change from time to time, of the market value of the undelivered Deposit Securities (the “Additional Cash Deposit”) with the Fund pending delivery of any missing Deposit Securities. The Fund will return any unused portion of the Additional Cash Deposit once all of the missing Deposit Securities have been properly received from the AP or purchased by the Fund. Amounts due to be returned to an AP as of September 30, 2025, if any, is shown in the Statements of Assets and Liabilities in “Payables: Deposit due to authorized participant”. In certain cases where an AP does not have a basket security readily available or may not transact is such basket security, an AP may request to settle an in-kind creation order with cash in lieu of the basket security. Amounts due from an AP as of September 30, 2025 with respect to such activity, if any, is shown in the Statements of Assets and Liabilities in “Receivables: Deposit due from authorized participant”.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the six months ended September 30, 2025 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.
|
Fund |
Non-U.S. Government Securities |
In-kind Capital Share Transactions | ||||||||||
|
Purchases |
Sales |
Purchases |
Sales | |||||||||
|
Europe Hedged Equity Fund |
$ |
92,425,143 |
$ |
230,390,964 |
$ |
109,114,271 |
$ |
158,460,990 | ||||
|
European Opportunities Fund |
|
135,586,421 |
|
140,876,291 |
|
105,275,070 |
|
37,419,360 | ||||
|
India Hedged Equity Fund |
|
245,590 |
|
1,204,136 |
|
— |
|
— | ||||
|
International Hedged Quality Dividend Growth Fund |
|
112,308,897 |
|
303,935,991 |
|
13,345,947 |
|
710,057,641 | ||||
|
Japan Hedged Equity Fund |
|
344,103,770 |
|
326,257,035 |
|
345,886,373 |
|
355,599,622 | ||||
|
Japan Opportunities Fund |
|
94,500,508 |
|
95,561,661 |
|
26,769,791 |
|
31,546,156 | ||||
52 WisdomTree Trust
|
Notes to Financial Statements (continued)
|
6. FEDERAL INCOME TAXES
At September 30, 2025, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:
|
Fund |
Investments in Long Securities |
Investments in Financial Derivatives1 |
Total Net | |||||||||||||||||||||||
|
Tax Cost |
Gross
|
Gross
|
Net
Unrealized |
Gross
|
Gross
|
Net Unrealized
| ||||||||||||||||||||
|
Europe Hedged Equity Fund |
$ |
6,396,666 |
$ |
607,777 |
$ |
(473,744 |
) |
$ |
134,033 |
$ |
— |
$ |
— |
|
$ |
— |
|
$ |
134,033 | |||||||
|
European Opportunities Fund |
|
1,229,442,838 |
|
553,851,889 |
|
(52,970,138 |
) |
|
500,881,751 |
|
— |
|
— |
|
|
— |
|
|
500,881,751 | |||||||
|
India Hedged Equity Fund |
|
3,729,933,774 |
|
1,347,702,385 |
|
(594,002,393 |
) |
|
753,699,992 |
|
— |
|
— |
|
|
— |
|
|
753,699,992 | |||||||
|
International Hedged Quality Dividend Growth Fund |
|
1,915,837,109 |
|
513,611,618 |
|
(140,915,087 |
) |
|
372,696,531 |
|
8,354 |
|
(26,763 |
) |
|
(18,409 |
) |
|
372,678,122 | |||||||
|
Japan Hedged Equity Fund |
|
80,849,363 |
|
10,629,536 |
|
(2,824,393 |
) |
|
7,805,143 |
|
1,284 |
|
— |
|
|
1,284 |
|
|
7,806,427 | |||||||
|
Japan Opportunities Fund |
|
154,699,290 |
|
11,307,986 |
|
(1,827,259 |
) |
|
9,480,727 |
|
— |
|
— |
|
|
— |
|
|
9,480,727 | |||||||
|
1Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments. | ||||||||||||||||||||||||||
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 period ended September 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 September 30, 2025, remains subject to examination by taxing authorities. Specific to U.S. federal and state taxes, generally, each of the tax years in the four-year period ended September 30, 2025, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions. The open tax years vary by each jurisdiction in which each Fund invests.
As a result of several European Court of Justice (“ECJ”) court cases in certain countries across the European Union (“EU”), certain Funds have filed additional tax reclaims for previously withheld taxes on dividends earned in those countries (“ECJ tax reclaims”). These additional filings are subject to various administrative proceedings by the local jurisdictions’ tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized, if any, for ECJ tax reclaims is reflected as “Other income” in the Statements of Operations and the cost to file these additional ECJ tax reclaims is reflected as “Other fees” in the Statements of Operations. When the ECJ tax reclaim is not “more likely than not” to be sustained assuming examination by tax authorities due to the uncertainty that exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these ECJ tax reclaims, and the potential timing of payment, no amounts are reflected in the financial statements. For U.S. income tax purposes, ECJ tax reclaims received by the Funds, if any, reduce the amounts of foreign taxes Fund shareholders can use as tax credits in their individual income tax returns. In the event that ECJ tax reclaims received by a Fund during the fiscal year exceed foreign withholding taxes paid, and a Fund previously passed foreign tax credits on to its shareholders, a Fund must either amend historic tax reporting to shareholders or enter into a closing agreement with the Internal Revenue Service in order to pay the associated tax liability on behalf of the respective Fund’s shareholders. During the fiscal period ended September 30, 2025, the ECJ tax reclaims received by the Funds, if any, did not exceed the foreign withholding taxes of the respective Funds.
7. OPERATING SEGMENTS
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 Trust 53
|
Notes to Financial Statements (concluded)
|
8. RECENT ACCOUNTING PRONOUNCEMENT
In December 2023, the FASB issued Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”) which enhance income tax disclosures, including amendments that require greater disaggregation of disclosures related to income taxes paid by jurisdiction. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, with early adoption permitted. Management is currently evaluating the impact of the ASU 2023-09 on the Trust’s financial statements.
9. SUBSEQUENT EVENTS
WTAM 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.
54 WisdomTree Trust
|
Additional Information (unaudited)
|
Item 8 of Form N-CSRS: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.
Item 9 of Form N-CSRS: Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.
Item 10 of Form N-CSRS: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
|
Name of Trustee |
Board |
|
Interested Trustee |
|
|
Jonathan Steinberg |
$ — |
|
Independent Trustees |
|
|
David G. Chrencik |
207,384 |
|
Joel Goldberg |
216,810 |
|
Melinda Raso Kirstein |
207,384 |
|
Phillip Goff |
188,531 |
|
Toni Massaro |
197,957 |
|
Victor Ugolyn |
282,796 |
Item 11 of Form N-CSRS: Statement Regarding Basis for Approval of Investment Advisory and Sub-Advisory Contracts.
Consideration of the Approval and Renewal of Investment Advisory and Sub-Advisory Agreements
At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 25-26, 2025 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of (i) the investment advisory agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of its applicable series (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”), and (ii) the sub-advisory agreement between WTAM and Mellon Investments Corporation (“Mellon” or the “Sub-Adviser”), pursuant to which the Sub-Adviser coordinates the investment and reinvestment of the assets of the applicable Funds (“Sub-Advisory Agreement” and, together with the Advisory Agreements, the “Agreements”).
The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 12, 2025, representatives from WTAM presented detailed information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.
The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the approval and renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered. Each Fund was considered separately.
Analysis of Nature, Extent, and Quality of Services Provided to the Funds. The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the role of WisdomTree, Inc. (“WT”), the parent of WTAM, as index provider to the Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by the Funds tracking affiliated WT indexes are unique, based on WT’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in the Funds based on the strength of WT’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WT indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of the Sub-Adviser’s performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the
WisdomTree Trust 55
|
Additional Information (unaudited) (continued)
|
creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Adviser under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.
Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Adviser under the Advisory Agreements and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the approval and renewal of the Agreements.
Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio. The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index, , and (2 ) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Performance Groups, Expense Groups and Expense Universes. The Board noted that the Performance Groups, Expense Groups and Expense Universes includes all funds in the investment classification/category with a similar load type as the subject Fund. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Performance Groups, Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds.
The Board discussed the index Funds’ performance, noting that the substantial majority of index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. The Board also discussed the performance of the actively-managed Funds and noted that total return performance of the Funds was variously above, at and below the relevant Performance Group medians for the time periods measured, and sought explanations from WTAM to help explain the variations of returns.
The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were relatively close to the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed materially from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer data and/or the unique attributes of a Fund.
The Board considered the fees to the Sub-Adviser in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Adviser and WTAM. The Board also noted that the Sub-Adviser’s fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules.. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with the Funds’ unitary fee structure, which frequently includes minimum fees (such as those to a Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.
Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the Sub-Adviser and the Fund’s total expenses supported the Board’s approval and renewal of the relevant Agreements.
Analysis of Profitability and Economies of Scale. WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.
56 WisdomTree Trust
|
Additional Information (unaudited) (concluded)
|
The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Adviser, including the nature, extent and quality of such services and whether these fees were paid directly other than for investment advisory services, such as to pay for distribution, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized material economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole and the relative size and asset size changes among the Funds. The Board noted that, in the past, certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained or that the historic patterns of asset growth or decline would be predictably repeated. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.
* * * * * *
At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the approval to renew the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of the Funds and the services provided to the Funds by WTAM and the Sub-Adviser. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreements.
WisdomTree Trust 57
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree, Inc., its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Dividends are not guaranteed, and a company currently paying dividends may cease paying dividends at any time. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Indexes are unmanaged and you cannot invest directly in an index.
Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by authorized participants in large creation unit sizes of shares.
This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.
|
|
WisdomTree Fund shares are distributed by Foreside Fund Services, LLC.