WisdomTree Trust
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21864

 

 

WisdomTree Trust

(Exact name of registrant as specified in charter)

 

 

245 Park Avenue, 35th Floor

New York, NY 10167

(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

 

 

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

Date of fiscal year end: March 31

Date of reporting period: March 31, 2014

 

 

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

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

 

 

 


Table of Contents
Item 1. Reports to Stockholders.

The Report to Shareholders is attached herewith.


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Domestic Dividend Funds

 

Annual Report

March 31, 2014

WisdomTree Total Dividend Fund (DTD)

WisdomTree Equity Income Fund (DHS)

WisdomTree LargeCap Dividend Fund (DLN)

WisdomTree Dividend ex-Financials Fund (DTN)

WisdomTree MidCap Dividend Fund (DON)

WisdomTree SmallCap Dividend Fund (DES)

WisdomTree U.S. Dividend Growth Fund (DGRW)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)


Table of Contents

Table of Contents

 

 

Management’s Discussion of Funds’ Performance (unaudited)

       1   

Performance Summaries (unaudited)

       3   

Description of Indexes (unaudited)

       11   

Shareholder Expense Examples (unaudited)

       13   
Schedules of Investments     

WisdomTree Total Dividend Fund

       15   

WisdomTree Equity Income Fund

       26   

WisdomTree LargeCap Dividend Fund

       31   

WisdomTree Dividend ex-Financials Fund

       35   

WisdomTree MidCap Dividend Fund

       37   

WisdomTree SmallCap Dividend Fund

       42   

WisdomTree U.S. Dividend Growth Fund

       50   

WisdomTree U.S. SmallCap Dividend Growth Fund

       54   

Statements of Assets and Liabilities

       58   

Statements of Operations

       60   

Statements of Changes in Net Assets

       62   

Financial Highlights

       65   

Notes to Financial Statements

       69   

Report of Independent Registered Public Accounting Firm

       79   

Trustees and Officers Information (unaudited)

       80   

Supplemental Information (unaudited)

       82   

General Information (unaudited)

       83   

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


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited)

 

Market Environment Overview

The U.S. equity market, as measured by the S&P 500 Index, returned 21.86% for the 12-month period ended March 31, 2014 (the “period”). After bottoming in March of 2009, the S&P 500 Index recorded its fifth straight year of gains. Measured from March 31, 2009 through March 31, 2014, the five year cumulative total return on the S&P 500 Index was 161.07%. This represents a substantial recovery in the equity markets as earnings and dividend levels reached and surpassed previous levels. In fact, this was also enough for the S&P 500 Index to reach new highs.

While the overall return for the period was positive, it was marked by several bouts of volatility. Most of the volatility during the period was surrounding the Federal Reserve’s (Fed) decision to begin tapering its quantitative easing program. Since the global financial crisis, the Fed and central banks around the world have embraced policies to provide ample liquidity to the markets with the goal of keeping interest rates low and credit flowing. However, as the U.S. economy continued to improve, many began to anticipate the possibility of the Fed ending its extraordinary accommodation. Starting in May 2013, on just a hint of the Fed possibly dialing back its bond purchases, longer-term interest rates in the U.S. rose considerably. At its December meeting, the Fed began scaling back purchases of both mortgage-backed securities and U.S. Treasury bonds and is on track to end its asset purchase program by the end of 2014 — assuming no drop-off in economic performance.

WisdomTree Funds’ Performance Overview

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

 

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

DTD

  WisdomTree Total Dividend Fund   18.10%   Russell 3000 Index     22.61%         -4.51%

DHS

  WisdomTree Equity Income Fund   14.24%   Russell 1000 Value Index     21.57%         -7.33%

DLN

  WisdomTree LargeCap Dividend Fund   17.70%   S&P 500 Index     21.86%         -4.16%

DTN

  WisdomTree Dividend ex-Financials Fund   16.75%   Dow Jones U.S. Select Dividend Index     19.79%         -3.04%

DON

  WisdomTree MidCap Dividend Fund   21.24%   S&P MidCap 400 Index     21.24%         0.00%

DES

  WisdomTree SmallCap Dividend Fund   22.99%   Russell 2000 Index     24.90%         -1.91%

DGRW

  WisdomTree U.S. Dividend Growth Fund1   14.19%   NASDAQ U.S. Dividend Achievers Select Index     11.62%         2.57%

DGRS

  WisdomTree U.S. SmallCap Dividend Growth Fund2   14.66%   Russell 2000 Index     12.30%         2.36%
1 

Total returns shown are for the period May 22, 2013 (commencement of operations) to March 31, 2014.

 

2

Total returns shown are for the period July 25, 2013 (commencement of operations) to March 31, 2014.

The top-performing performance benchmark within the aforementioned chart was the Russell 2000 Index, which is a measure of small cap stocks. Small cap stocks typically perform well when market participants believe the economy is improving or performing strongly and under circumstances when interest rates are rising such as that experienced over the period. Of the performance benchmarks shown with one-year returns, the Dow Jones U.S. Select Dividend Index was actually the lowest performer, indicating that dividend focused equities slightly lagged over the period, pressurized by the rise in interest rates in 2013.

WisdomTree’s dividend-weighted Funds are designed to track indexes based on the dividend stream generated by the companies included in the underlying WisdomTree Index. The dividend stream is defined as the sum of the dollar value of dividends indicated to be paid by each company. There are two primary factors that drive

 

WisdomTree Domestic Dividend Funds      1   


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (concluded)

 

performance differentials of the WisdomTree Funds and Indexes versus their performance benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend stream.

All ten of the sectors represented within the S&P 500 Index experienced positive performance over the period. The best-performing sector over the period was the Health Care sector, with Industrials and Information Technology close behind. Each of these sectors delivered a return greater than 25% over the period. The Health Care sector was positively affected by the implementation of the Affordable Care Act and performance from high growth areas like biotechnology and life sciences. Industrials and Information Technology tend to be higher growth and more economically sensitive sectors, which allowed them to benefit from a continual improvement in the economy and strong equity markets. The worst performing sectors over the period were the Consumer Staples, Utilities and Telecommunication Services sectors. These sectors tend to be more defensive by nature and are apt to lag during periods of strong positive market performance. Also, these sectors tend to be some of the highest yielding sectors of the market and were negatively impacted by the rise in treasury yields over the second half of last year. Over the period last year there was a rotation out of the more defensive dividend paying equities into higher growth non-dividend paying cyclical stocks.

The performance of most WisdomTree Domestic Dividend Funds compared to the applicable performance benchmark was unfavorable over the period. This ultimately makes sense, in that WisdomTree’s dividend-focused approaches have tended to historically tilt toward dividend-paying firms, and there have historically been larger numbers of these firms within the defensively oriented sectors — like Consumer Staples, Utilities, and Telecommunication Services.

The strongest relative one-year performance advantage measured versus the requisite performance benchmarks came with respect to the WisdomTree MidCap Dividend Fund (DON). This was the only WisdomTree Domestic Dividend Fund with a one-year NAV return that didn’t underperform its performance benchmark. For DON, this was largely due to stock selection within the Information Technology sector relative to the S&P MidCap 400 Index over the period.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 11 for the list of index descriptions.

Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and are not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.

 

2   WisdomTree Domestic Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Total Dividend Fund (DTD)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    18.0%   

Information Technology

    14.5%   

Consumer Staples

    13.0%   

Health Care

    10.4%   

Industrials

    10.2%   

Energy

    9.5%   

Consumer Discretionary

    8.5%   

Utilities

    6.6%   

Telecommunication Services

    4.9%   

Materials

    4.0%   

Investment Companies

    0.2%   

Other Assets less Liabilities††

    0.2%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Exxon Mobil Corp.

    2.8%   

Apple, Inc.

    2.8%   

Microsoft Corp.

    2.8%   

AT&T, Inc.

    2.5%   

Johnson & Johnson

    2.1%   

Chevron Corp.

    2.0%   

General Electric Co.

    1.9%   

Wells Fargo & Co.

    1.8%   

Pfizer, Inc.

    1.7%   

Procter & Gamble Co. (The)

    1.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree Total Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index.

The Fund returned 18.10% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Financials sector. The Fund’s position in the Telecommunication Services sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Dividend Index
     Russell  3000®
Index
 

One Year

       18.10      18.06      18.35      22.61

Three Year

       15.07      15.01      15.44      14.61

Five Year

       21.95      21.86      22.59      21.93

Since Inception1

       7.10      7.07      7.56      7.91
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Domestic Dividend Funds      3   


Table of Contents

Performance Summary (unaudited)

WisdomTree Equity Income Fund (DHS)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    19.0%   

Consumer Staples

    14.4%   

Health Care

    14.0%   

Utilities

    11.2%   

Information Technology

    11.1%   

Telecommunication Services

    8.7%   

Energy

    7.5%   

Industrials

    7.3%   

Materials

    3.3%   

Consumer Discretionary

    3.0%   

Investment Companies

    0.3%   

Other Assets less Liabilities††

    0.2%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Microsoft Corp.

    5.0%   

AT&T, Inc.

    4.7%   

Johnson & Johnson

    3.8%   

Chevron Corp.

    3.6%   

General Electric Co.

    3.5%   

Wells Fargo & Co.

    3.4%   

Pfizer, Inc.

    3.2%   

Procter & Gamble Co. (The)

    3.1%   

JPMorgan Chase & Co.

    2.9%   

Verizon Communications, Inc.

    2.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

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

The Fund returned 14.24% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Information Technology sector. The Fund’s position in the Telecommunications Services sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Equity
Income Index
     Russell 1000®
Value  Index
 

One Year

       14.24      14.20      14.49      21.57

Three Year

       15.88      15.87      16.30      14.80

Five Year

       24.28      24.28      24.83      21.75

Since Inception1

       5.63      5.64      5.95      6.61
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

4   WisdomTree Domestic Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree LargeCap Dividend Fund (DLN)

 

Sector Breakdown as of 3/31/14

 

Sector   % of Net Assets  

Information Technology

    16.1%   

Consumer Staples

    14.6%   

Financials

    14.0%   

Health Care

    11.9%   

Energy

    10.6%   

Industrials

    10.1%   

Consumer Discretionary

    8.0%   

Utilities

    5.7%   

Telecommunication Services

    5.4%   

Materials

    3.4%   

Investment Companies

    0.0%   

Other Assets less Liabilities††

    0.2%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Exxon Mobil Corp.

    3.4%   

Apple, Inc.

    3.3%   

Microsoft Corp.

    3.3%   

AT&T, Inc.

    3.0%   

Johnson & Johnson

    2.5%   

Chevron Corp.

    2.3%   

General Electric Co.

    2.3%   

Wells Fargo & Co.

    2.2%   

Pfizer, Inc.

    2.1%   

Procter & Gamble Co. (The)

    2.0%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

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

The Fund returned 17.70% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Information Technology sector. The Fund’s position in the Telecommunications Services sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
LargeCap
Dividend Index
     S&P 500®  Index  

One Year

       17.70      17.76      17.98      21.86

Three Year

       15.05      15.07      15.37      14.66

Five Year

       21.13      21.11      21.56      21.16

Since Inception1

       6.83      6.80      7.19      7.58
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Domestic Dividend Funds      5   


Table of Contents

Performance Summary (unaudited)

WisdomTree Dividend ex-Financials Fund (DTN)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Utilities

    17.4%   

Consumer Staples

    13.1%   

Energy

    12.3%   

Information Technology

    11.3%   

Health Care

    10.2%   

Industrials

    10.1%   

Consumer Discretionary

    9.7%   

Materials

    9.4%   

Telecommunication Services

    6.2%   

Investment Companies

    0.2%   

Other Assets less Liabilities††

    0.1%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

CenturyLink, Inc.

    2.4%   

FirstEnergy Corp.

    2.2%   

Entergy Corp.

    1.9%   

Exelon Corp.

    1.8%   

PPL Corp.

    1.8%   

Reynolds American, Inc.

    1.8%   

AT&T, Inc.

    1.8%   

Southern Co. (The)

    1.7%   

Public Service Enterprise Group, Inc.

    1.7%   

Diamond Offshore Drilling, Inc.

    1.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

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

The Fund returned 16.75% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Information Technology sector. The Fund’s position in the Telecommunications Services sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Dividend Top 100/
Dividend  ex-Financials
Spliced Index1
     Dow Jones
U.S. Select
Dividend IndexSM
 

One Year

       16.75      16.73      17.22      19.79

Three Year

       15.96      15.92      16.38      16.44

Five Year

       25.89      25.86      26.47      23.32

Since Inception2

       8.34      8.32      8.73      6.66
1 

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

 

2 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

6   WisdomTree Domestic Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree MidCap Dividend Fund (DON)

 

Sector Breakdown as of 3/31/14

 

Sector   % of Net Assets  

Financials

    24.8%   

Consumer Discretionary

    14.5%   

Utilities

    14.0%   

Industrials

    12.5%   

Materials

    9.3%   

Information Technology

    7.4%   

Energy

    5.9%   

Consumer Staples

    5.8%   

Telecommunication Services

    3.0%   

Health Care

    2.3%   

Investment Companies

    0.2%   

Other Assets less Liabilities††

    0.3%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Windstream Holdings, Inc.

    1.6%   

Frontier Communications Corp.

    1.3%   

Ameren Corp.

    1.2%   

Diamond Offshore Drilling, Inc.

    1.1%   

Wisconsin Energy Corp.

    1.0%   

Dr. Pepper Snapple Group, Inc.

    0.9%   

Maxim Integrated Products, Inc.

    0.9%   

Microchip Technology, Inc.

    0.8%   

SCANA Corp.

    0.8%   

CMS Energy Corp.

    0.8%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

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

The Fund returned 21.24% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Discretionary sector. The Fund’s position in the Health Care sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
MidCap
Dividend Index
     S&P MidCap
400®  Index
 

One Year

       21.24      21.12      21.50      21.24

Three Year

       15.88      15.87      16.18      13.37

Five Year

       27.18      27.12      27.73      24.86

Since Inception1

       9.00      9.06      8.95      9.91
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Domestic Dividend Funds      7   


Table of Contents

Performance Summary (unaudited)

WisdomTree SmallCap Dividend Fund (DES)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    25.4%   

Industrials

    17.6%   

Utilities

    13.0%   

Consumer Discretionary

    11.3%   

Information Technology

    10.0%   

Materials

    7.4%   

Consumer Staples

    5.9%   

Health Care

    4.4%   

Energy

    2.8%   

Telecommunication Services

    1.7%   

Investment Companies

    0.3%   

Other Assets less Liabilities††

    0.2%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Vector Group Ltd.

    1.8%   

Lexmark International, Inc. Class A

    1.0%   

Compuware Corp.

    1.0%   

UIL Holdings Corp.

    0.9%   

Portland General Electric Co.

    0.9%   

Diebold, Inc.

    0.8%   

WGL Holdings, Inc.

    0.8%   

Covanta Holding Corp.

    0.8%   

PDL BioPharma, Inc.

    0.8%   

ALLETE, Inc.

    0.8%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

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

The Fund returned 22.99% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Industrials sector. The Fund’s position in the Energy sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
SmallCap
Dividend Index
     Russell  2000®
Index
 

One Year

       22.99      22.78      22.51      24.90

Three Year

       15.87      15.87      15.91      13.18

Five Year

       27.67      27.51      27.95      24.31

Since Inception1

       8.02      8.01      8.06      8.46
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

8   WisdomTree Domestic Dividend Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Dividend Growth Fund (DGRW)

 

Sector Breakdown as of 3/31/14

 

Sector   % of Net Assets  

Information Technology

    20.7%   

Consumer Staples

    19.5%   

Consumer Discretionary

    16.6%   

Industrials

    16.4%   

Health Care

    8.7%   

Energy

    8.6%   

Materials

    4.8%   

Financials

    4.4%   

Utilities

    0.1%   

Other Assets less Liabilities††

    0.2%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Exxon Mobil Corp.

    5.7%   

Microsoft Corp.

    4.1%   

Procter & Gamble Co. (The)

    3.6%   

Apple, Inc.

    3.5%   

Wal-Mart Stores, Inc.

    3.3%   

Coca-Cola Co. (The)

    2.6%   

McDonald’s Corp.

    2.4%   

Intel Corp.

    2.1%   

Altria Group, Inc.

    2.1%   

International Business Machines Corp.

    2.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree U.S. Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend Growth Index.

The Fund returned 14.19% at net asset value (“NAV”) since its inception on May 22, 2013 through March 31, 2014 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Industrials sector. The Fund’s position in the Utilities sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/14

 

        Cumulative Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
U.S. Dividend
Growth Index
     NASDAQ
U.S.  Dividend
Achievers
Select Index
 

Since Inception1

       14.19      14.18      14.46      11.62
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on May 22, 2013.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Domestic Dividend Funds      9   


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Industrials

    27.7%   

Financials

    17.9%   

Consumer Discretionary

    17.4%   

Materials

    12.5%   

Information Technology

    12.1%   

Health Care

    5.2%   

Consumer Staples

    3.6%   

Energy

    2.8%   

Telecommunication Services

    0.6%   

Other Assets less Liabilities††

    0.2%   

Total

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

National Health Investors, Inc.

    1.9%   

Olin Corp.

    1.7%   

GATX Corp.

    1.4%   

j2 Global, Inc.

    1.4%   

Janus Capital Group, Inc.

    1.4%   

Deluxe Corp.

    1.3%   

AVX Corp.

    1.3%   

MSA Safety, Inc.

    1.3%   

Healthcare Services Group, Inc.

    1.2%   

Geo Group, Inc. (The)

    1.2%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree U.S. SmallCap Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Dividend Growth Index.

The Fund returned 14.66% at net asset value (“NAV”) since its inception on July 25, 2013 through March 31, 2014 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Industrials sector. The Fund’s position in the Telecommunication Services sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/14

 

        Cumulative Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
U.S. SmallCap
Dividend
Growth Index
     Russell 2000®  Index  

Since Inception1

       14.66      14.44      14.92      12.30
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 25, 2013.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

10   WisdomTree Domestic Dividend Funds


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this Report:

The Dow Jones U.S. Select Dividend IndexSM is comprised of 100 U.S. dividend-paying companies.

The NASDAQ U.S. Dividend Achievers Select Index is a capitalization-weighted

index that measures the performance of U.S. common stocks that have a history of

increasing dividends for at least ten consecutive years.

The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.

The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.

The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.

The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.

The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.

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

The WisdomTree Dividend Index defines the dividend-paying portion of the U.S. stock market.

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

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

The WisdomTree LargeCap Dividend Index is comprised of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.

The WisdomTree MidCap Dividend Index is comprised of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.

The WisdomTree SmallCap Dividend Index is comprised of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.

The WisdomTree U.S. Dividend Growth Index is comprised of dividend-paying stocks with growth characteristics.

The WisdomTree U.S. SmallCap Dividend Growth Index is comprised of the small-capitalization segment of dividend-paying stocks with growth characteristics.

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

The Dow Jones U.S. Select Dividend Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc., and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby

 

WisdomTree Domestic Dividend Funds      11   


Table of Contents

Description of Indexes (unaudited) (concluded)

 

expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

 

12   WisdomTree Domestic Dividend Funds


Table of Contents

Shareholder Expense Examples (unaudited)

 

 

As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2013 to March 31, 2014.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/01/13 to 3/31/14” to estimate the expenses you paid on your account during this period.

Hypothetical example for comparison purposes

The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

WisdomTree Domestic Dividend Funds      13   


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

     Beginning
Account Value
10/01/13
    Ending
Account Value
3/31/14
    Annualized
Expense Ratio
Based on the
Period
10/01/13  to
3/31/14
    Expenses Paid
During the
Period†
10/01/13  to
3/31/14
 

WisdomTree Total Dividend Fund

       

Actual

  $ 1,000.00      $ 1,118.50        0.28   $ 1.48   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,023.54        0.28   $ 1.41   

WisdomTree Equity Income Fund

       

Actual

  $ 1,000.00      $ 1,107.50        0.38   $ 2.00   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,023.04        0.38   $ 1.92   

WisdomTree LargeCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,118.40        0.28   $ 1.48   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,023.54        0.28   $ 1.41   

WisdomTree Dividend ex-Financials Fund

       

Actual

  $ 1,000.00      $ 1,121.60        0.38   $ 2.01   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,023.04        0.38   $ 1.92   

WisdomTree MidCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,123.40        0.38   $ 2.01   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,023.04        0.38   $ 1.92   

WisdomTree SmallCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,106.30        0.38   $ 2.00   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,023.04        0.38   $ 1.92   

WisdomTree U.S. Dividend Growth Fund

       

Actual

  $ 1,000.00      $ 1,115.70        0.28   $ 1.48   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,023.54        0.28   $ 1.41   

WisdomTree U.S. SmallCap Dividend Growth Fund

       

Actual

  $ 1,000.00      $ 1,099.50        0.38   $ 1.99   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,023.04        0.38   $ 1.92   
Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period).

 

14   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.8%      
COMMON STOCKS – 99.6%      
Aerospace & Defense – 2.6%      

Alliant Techsystems, Inc.

     399       $ 56,718  

American Science & Engineering, Inc.

     1         67  

Boeing Co. (The)

     11,971         1,502,241  

Curtiss-Wright Corp.

     3         191  

Exelis, Inc.

     5,211         99,061  

General Dynamics Corp.

     9,352         1,018,620  

Honeywell International, Inc.

     17,815         1,652,519  

Huntington Ingalls Industries, Inc.

     601         61,458  

L-3 Communications Holdings, Inc.

     1,894         223,776  

Lockheed Martin Corp.

     13,096         2,137,791  

Northrop Grumman Corp.

     5,441         671,310  

Raytheon Co.

     8,725         861,943  

Rockwell Collins, Inc.

     2,452         195,351  

Textron, Inc.

     1,012         39,761  

United Technologies Corp.

     21,811         2,548,397  
     

 

 

 
Total Aerospace & Defense               11,069,204  
Air Freight & Logistics – 0.6%      

C.H. Robinson Worldwide, Inc.

     3,949         206,888  

Expeditors International of Washington, Inc.

     3,105         123,051  

FedEx Corp.

     1,592         211,036  

United Parcel Service, Inc. Class B

     19,054         1,855,479  
     

 

 

 
Total Air Freight & Logistics               2,396,454  
Airlines – 0.1%      

Alaska Air Group, Inc.

     847         79,034  

Delta Air Lines, Inc.

     8,402         291,129  

Southwest Airlines Co.

     6,469         152,733  
     

 

 

 
Total Airlines               522,896  
Auto Components – 0.3%      

Allison Transmission Holdings, Inc.

     3,301         98,832  

BorgWarner, Inc.

     2,214         136,095  

Cooper Tire & Rubber Co.

     1,545         37,543  

Dana Holding Corp.

     2,008         46,726  

Gentex Corp.

     2,950         93,014  

Goodyear Tire & Rubber Co. (The)

     2,505         65,456  

Johnson Controls, Inc.

     11,403         539,590  

Lear Corp.

     841         70,408  
     

 

 

 
Total Auto Components               1,087,664  
Automobiles – 0.5%      

Ford Motor Co.

     109,163         1,702,943  

Harley-Davidson, Inc.

     2,955         196,833  

Thor Industries, Inc.

     1,349         82,370  
     

 

 

 
Total Automobiles               1,982,146  
Banks – 6.0%      

1st Source Corp.

     1,598         51,280  

Arrow Financial Corp.

     1,365         36,091  

Associated Banc-Corp.

     4,149         74,931  

BancFirst Corp.

     1,092         61,840  

BancorpSouth, Inc.

     9         225  

Bank of America Corp.

     30,715         528,298  

Bank of Hawaii Corp.

     1,518         92,006  

Bank of the Ozarks, Inc.

     735       50,024  

BankUnited, Inc.

     3,404         118,357  

BB&T Corp.

     18,917         759,896  

BOK Financial Corp.

     1,914         132,162  

Cathay General Bancorp

     9         227  

Chemical Financial Corp.

     1,616         52,439  

CIT Group, Inc.

     1,700         83,334   

Citigroup, Inc.

     2,805         133,518  

City Holding Co.

     995         44,636  

City National Corp.

     995         78,326  

Comerica, Inc.

     2,935         152,033  

Commerce Bancshares, Inc.

     1,952         90,612  

Community Bank System, Inc.

     1,844         71,953  

Community Trust Bancorp, Inc.

     1,222         50,689  

Cullen/Frost Bankers, Inc.

     1,664         129,010  

CVB Financial Corp.

     3,399         54,044  

East West Bancorp, Inc.

     2,649         96,688  

Fifth Third Bancorp

     22,983         527,460  

First Commonwealth Financial Corp.

     6         54  

First Financial Bancorp

     4,308         77,458  

First Financial Bankshares, Inc.

     1,093         67,536  

First Financial Corp.

     1,491         50,217  

First Horizon National Corp.

     4,326         53,383  

First Niagara Financial Group, Inc.

     12,443         117,586  

First Republic Bank

     1,561         84,278  

FirstMerit Corp.

     5,434         113,190  

Flushing Financial Corp.

     1,822         38,390  

FNB Corp.

     7,710         103,314  

Fulton Financial Corp.

     5,049         63,516  

Glacier Bancorp, Inc.

     2,275         66,134  

Hancock Holding Co.

     2,712         99,395  

Hudson Valley Holding Corp.

     1         19  

Huntington Bancshares, Inc.

     19,520         194,614  

Iberiabank Corp.

     957         67,134  

Independent Bank Corp.

     1,647         64,842  

International Bancshares Corp.

     1,484         37,219  

JPMorgan Chase & Co.

     109,928         6,673,729  

KeyCorp

     16,233         231,158  

M&T Bank Corp.

     3,296         399,805  

MB Financial, Inc.

     1,740         53,870  

National Penn Bancshares, Inc.

     7,204         75,282  

NBT Bancorp, Inc.

     3,025         73,992  

Old National Bancorp

     3,685         54,943  

PacWest Bancorp

     1,748         75,181  

Park National Corp.

     1,248         95,959  

Penns Woods Bancorp, Inc.

     989         48,243  

PNC Financial Services Group, Inc.

     13,530         1,177,110  

Prosperity Bancshares, Inc.

     1,083         71,640  

Regions Financial Corp.

     18,733         208,124  

Renasant Corp.

     1,610         46,771  

S&T Bancorp, Inc.

     1,939         45,954  

S.Y. Bancorp, Inc.

     1,348         42,651  

SunTrust Banks, Inc.

     6,579         261,778  

Susquehanna Bancshares, Inc.

     5,754         65,538  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      15   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Synovus Financial Corp.

     17,796       $ 60,328  

TCF Financial Corp.

     2,783         46,365  

Tompkins Financial Corp.

     1,292         63,256  

Trustmark Corp.

     2,465         62,488  

U.S. Bancorp

     45,898         1,967,188  

UMB Financial Corp.

     1,066         68,970  

Umpqua Holdings Corp.

     4,388         81,792  

United Bankshares, Inc.

     2,688         82,307  

Univest Corp. of Pennsylvania

     2,661         54,604  

Valley National Bancorp

     14,413         150,039  

Washington Trust Bancorp, Inc.

     3         112  

Webster Financial Corp.

     2,145         66,624  

Wells Fargo & Co.

     154,915         7,705,472  

WesBanco, Inc.

     2,111         67,193  

Westamerica Bancorp.

     867         46,887  

Zions Bancorp.

     1,202         37,238  
     

 

 

 
Total Banks               25,030,949  
Beverages – 2.5%      

Beam, Inc.

     2,323         193,506  

Brown-Forman Corp. Class A

     1,628         144,778  

Brown-Forman Corp. Class B

     1,684         151,038  

Coca-Cola Co. (The)

     136,221         5,266,304  

Coca-Cola Enterprises, Inc.

     5,435         259,576  

Dr. Pepper Snapple Group, Inc.

     6,986         380,458  

Molson Coors Brewing Co. Class B

     4,197         247,035  

PepsiCo, Inc.

     47,227         3,943,454  
     

 

 

 
Total Beverages               10,586,149  
Biotechnology – 0.4%      

Amgen, Inc.

     13,835         1,706,409  

PDL BioPharma, Inc.

     14,218         118,151  
     

 

 

 
Total Biotechnology               1,824,560  
Building Products – 0.1%      

A.O. Smith Corp.

     774         35,620  

Fortune Brands Home & Security, Inc.

     1,679         70,652  

Lennox International, Inc.

     847         77,001  

Masco Corp.

     5,634         125,131  

Simpson Manufacturing Co., Inc.

     1,422         50,239  
     

 

 

 
Total Building Products               358,643  
Capital Markets – 1.8%      

Ameriprise Financial, Inc.

     4,058         446,664  

Arlington Asset Investment Corp. Class A

     3,814         100,995  

Artisan Partners Asset Management, Inc. Class A

     912         58,596  

Bank of New York Mellon Corp. (The)

     22,440         791,908  

BGC Partners, Inc. Class A

     19,588         128,105  

BlackRock, Inc.

     4,028         1,266,725  

Charles Schwab Corp. (The)

     13,669         373,574  

Cohen & Steers, Inc.

     1,483         59,098  

Eaton Vance Corp.

     2,776         105,932  

Evercore Partners, Inc. Class A

     1,079         59,615  

Federated Investors, Inc. Class B

     4,306         131,505  

Franklin Resources, Inc.

     5,091         275,830  

FXCM, Inc. Class A

     1         15  

GFI Group, Inc.

     12,723       45,167  

Goldman Sachs Group, Inc. (The)

     6,290         1,030,617  

Greenhill & Co., Inc.

     1,299         67,522  

Janus Capital Group, Inc.

     5,396         58,654  

Legg Mason, Inc.

     1,750         85,820  

LPL Financial Holdings, Inc.

     1,835         96,411  

Morgan Stanley

     13,947         434,728  

Northern Trust Corp.

     5,309         348,058  

Raymond James Financial, Inc.

     1,771         99,052  

SEI Investments Co.

     2,328         78,244  

State Street Corp.

     7,172         498,813  

T. Rowe Price Group, Inc.

     5,207         428,796  

TD Ameritrade Holding Corp.

     9,969         338,448  

Waddell & Reed Financial, Inc. Class A

     1,761         129,645  
     

 

 

 
Total Capital Markets               7,538,537  
Chemicals – 2.5%      

A. Schulman, Inc.

     1,546         56,058  

Air Products & Chemicals, Inc.

     6,100         726,144  

Airgas, Inc.

     1,345         143,256  

Albemarle Corp.

     1,341         89,069  

Ashland, Inc.

     1,260         125,345  

Axiall Corp.

     1,131         50,805  

Cabot Corp.

     1,478         87,291  

Celanese Corp. Series A

     2,278         126,452  

CF Industries Holdings, Inc.

     1,099         286,443  

Cytec Industries, Inc.

     7         683  

Dow Chemical Co. (The)

     39,443         1,916,535  

E.I. du Pont de Nemours & Co.

     29,643         1,989,045  

Eastman Chemical Co.

     2,848         245,526  

Ecolab, Inc.

     3,112         336,065  

FMC Corp.

     1,067         81,690  

FutureFuel Corp.

     4         81  

H.B. Fuller Co.

     6         290  

Huntsman Corp.

     5,812         141,929  

Innophos Holdings, Inc.

     1,261         71,499  

International Flavors & Fragrances, Inc.

     1,755         167,901  

Koppers Holdings, Inc.

     866         35,705  

Kronos Worldwide, Inc.

     5,470         91,240  

Monsanto Co.

     8,833         1,004,930  

Mosaic Co. (The)

     7,312         365,600  

NewMarket Corp.

     211         82,455  

Olin Corp.

     2,824         77,971  

PolyOne Corp.

     1,128         41,352  

PPG Industries, Inc.

     2,126         411,296  

Praxair, Inc.

     6,037         790,666  

Rockwood Holdings, Inc.

     2,131         158,546  

RPM International, Inc.

     3,627         151,754  

Scotts Miracle-Gro Co. (The) Class A

     2,051         125,685  

Sensient Technologies Corp.

     1,186         66,902  

Sherwin-Williams Co. (The)

     1,257         247,792  

Sigma-Aldrich Corp.

     1,330         124,195  

Valhi, Inc.

     5,526         48,739  

Valspar Corp.

     1,256         90,583  

 

See Notes to Financial Statements.

 

16   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Westlake Chemical Corp.

     1,368       $ 90,534  
     

 

 

 
Total Chemicals               10,648,052  
Commercial Services & Supplies – 0.8%      

ABM Industries, Inc.

     1,706         49,030  

ADT Corp. (The)

     2,967         88,862  

Cintas Corp.

     1,966         117,193  

Courier Corp.

     8         123  

Covanta Holding Corp.

     5,155         93,048  

Deluxe Corp.

     1,403         73,615  

Ennis, Inc.

     5         83  

Healthcare Services Group, Inc.

     2,457         71,400  

Herman Miller, Inc.

     1,341         43,086  

HNI Corp.

     1,582         57,838  

Intersections, Inc.

     5,395         31,831  

Iron Mountain, Inc.

     7,739         213,364  

KAR Auction Services, Inc.

     5,409         164,163  

Knoll, Inc.

     3,022         54,970  

McGrath Rentcorp

     1,351         47,231  

Mobile Mini, Inc.

     1,320         57,235  

MSA Safety, Inc.

     1,081         61,617  

NL Industries, Inc.

     5,601         60,715  

Pitney Bowes, Inc.

     7,788         202,410  

Quad Graphics, Inc.

     2,300         53,935  

R.R. Donnelley & Sons Co.

     11,483         205,546  

Republic Services, Inc.

     12,541         428,400  

Rollins, Inc.

     2,042         61,750  

Steelcase, Inc. Class A

     2,740         45,512  

U.S. Ecology, Inc.

     5         186  

United Stationers, Inc.

     4         164  

Waste Connections, Inc.

     1,539         67,500  

Waste Management, Inc.

     17,198         723,520  

West Corp.

     3,208         76,767  
     

 

 

 
Total Commercial Services & Supplies               3,151,094  
Communications Equipment – 1.8%      

Cisco Systems, Inc.

     191,388         4,289,005  

Comtech Telecommunications Corp.

     2         64  

Harris Corp.

     2,953         216,041  

InterDigital, Inc.

     613         20,296  

Motorola Solutions, Inc.

     5,432         349,223  

Plantronics, Inc.

     8         356  

QUALCOMM, Inc.

     35,798         2,823,030  
     

 

 

 
Total Communications Equipment               7,698,015  
Construction & Engineering – 0.1%      

Fluor Corp.

     1,575         122,425  

KBR, Inc.

     1,864         49,731  

URS Corp.

     1,502         70,684  
     

 

 

 
Total Construction & Engineering               242,840  
Construction Materials – 0.0%      

Eagle Materials, Inc.

     7         621  

Martin Marietta Materials, Inc.

     811         104,092  

Vulcan Materials Co.

     8         532  
     

 

 

 
Total Construction Materials               105,245  
Consumer Finance – 0.6%      

American Express Co.

     12,751       1,147,973  

Capital One Financial Corp.

     10,338         797,680  

Discover Financial Services

     7,756         451,322  

Nelnet, Inc. Class A

     4         164  

SLM Corp.

     11,057         270,675  
     

 

 

 
Total Consumer Finance               2,667,814  
Containers & Packaging – 0.3%      

Aptargroup, Inc.

     1,097         72,512  

Avery Dennison Corp.

     2,611         132,299  

Ball Corp.

     1,583         86,764  

Bemis Co., Inc.

     3,073         120,585  

Greif, Inc. Class A

     518         27,190  

Greif, Inc. Class B

     1,754         101,837  

MeadWestvaco Corp.

     5,115         192,529  

Packaging Corp. of America

     2,798         196,895  

Rock-Tenn Co. Class A

     1,186         125,206  

Sealed Air Corp.

     3,690         121,290  

Silgan Holdings, Inc.

     962         47,638  

Sonoco Products Co.

     3,328         136,515  
     

 

 

 
Total Containers & Packaging               1,361,260  
Distributors – 0.1%      

Genuine Parts Co.

     4,368         379,361  

Pool Corp.

     1,021         62,608  
     

 

 

 
Total Distributors               441,969  
Diversified Consumer Services – 0.1%      

DeVry Education Group, Inc.

     932         39,508  

Graham Holdings Co. Class B

     138         97,118  

H&R Block, Inc.

     8,559         258,396  

Hillenbrand, Inc.

     2,846         92,011  

Service Corp. International

     3,920         77,930  

Sotheby’s

     828         36,059  
     

 

 

 
Total Diversified Consumer Services               601,022  
Diversified Financial Services – 0.4%      

CBOE Holdings, Inc.

     1,463         82,806  

CME Group, Inc.

     7,918         586,011  

Interactive Brokers Group, Inc. Class A

     8         173  

Leucadia National Corp.

     3,910         109,480  

MarketAxess Holdings, Inc.

     1         59  

McGraw Hill Financial, Inc.

     4,645         354,414  

Moody’s Corp.

     3,213         254,855  

NASDAQ OMX Group, Inc. (The)

     2,505         92,535  
     

 

 

 
Total Diversified Financial Services               1,480,333  
Diversified Telecommunication Services – 4.8%      

AT&T, Inc.

     304,841         10,690,774  

Atlantic Tele-Network, Inc.

     1         66  

CenturyLink, Inc.

     43,691         1,434,812  

Consolidated Communications Holdings, Inc.

     5,311         106,273  

Frontier Communications Corp.

     92,085         524,885  

Verizon Communications, Inc.

     138,116         6,570,178  

Windstream Holdings, Inc.

     80,272         661,441  
     

 

 

 
Total Diversified Telecommunication Services               19,988,429  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      17   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Electric Utilities – 3.8%      

ALLETE, Inc.

     2,361       $ 123,764  

American Electric Power Co., Inc.

     22,666         1,148,260  

Cleco Corp.

     2,372         119,976  

Duke Energy Corp.

     34,793         2,477,957  

Edison International

     10,192         576,969  

El Paso Electric Co.

     2,354         84,108  

Empire District Electric Co. (The)

     3,897         94,775  

Entergy Corp.

     10,534         704,198  

Exelon Corp.

     41,602         1,396,163  

FirstEnergy Corp.

     30,939         1,052,854  

Great Plains Energy, Inc.

     6,725         181,844  

Hawaiian Electric Industries, Inc.

     5,718         145,352  

IDACORP, Inc.

     2,016         111,828  

ITC Holdings Corp.

     3,300         123,255  

MGE Energy, Inc.

     2,065         81,010  

NextEra Energy, Inc.

     15,008         1,435,065  

Northeast Utilities

     11,697         532,214  

OGE Energy Corp.

     5,866         215,634  

Otter Tail Corp.

     2,559         78,792  

Pepco Holdings, Inc.

     14,845         304,026  

Pinnacle West Capital Corp.

     5,073         277,290  

PNM Resources, Inc.

     3,576         96,659  

Portland General Electric Co.

     3,774         122,051  

PPL Corp.

     34,513         1,143,761  

Southern Co. (The)

     47,534         2,088,644  

UIL Holdings Corp.

     2,925         107,669  

Unitil Corp.

     2,016         66,205  

UNS Energy Corp.

     1,614         96,888  

Westar Energy, Inc.

     5,871         206,424  

Xcel Energy, Inc.

     21,000         637,560  
     

 

 

 
Total Electric Utilities               15,831,195  
Electrical Equipment – 0.5%      

Acuity Brands, Inc.

     402         53,293  

AMETEK, Inc.

     1,457         75,021  

Babcock & Wilcox Co. (The)

     1,756         58,299  

Brady Corp. Class A

     1,491         40,481  

Emerson Electric Co.

     20,117         1,343,816  

EnerSys

     376         26,053  

General Cable Corp.

     1,797         46,021  

Hubbell, Inc. Class B

     1,117         133,895  

Regal-Beloit Corp.

     787         57,223  

Rockwell Automation, Inc.

     3,140         391,087  

Roper Industries, Inc.

     528         70,493  
     

 

 

 
Total Electrical Equipment               2,295,682  
Electronic Equipment, Instruments & Components – 0.4%   

Amphenol Corp. Class A

     1,651         151,314  

Avnet, Inc.

     2,192         101,994  

AVX Corp.

     5,508         72,595  

CDW Corp.

     1,606         44,069  

Cognex Corp.*

     6         203  

Corning, Inc.

     37,097         772,360  

Electro Rent Corp.

     2,758         48,513  

FEI Co.

     248       25,549  

FLIR Systems, Inc.

     2,129         76,644  

Jabil Circuit, Inc.

     4,963         89,334  

Littelfuse, Inc.

     524         49,067  

MTS Systems Corp.

     880         60,271  

National Instruments Corp.

     2,560         73,446  
     

 

 

 
Total Electronic Equipment, Instruments & Components         1,565,359  
Energy Equipment & Services – 0.6%      

Baker Hughes, Inc.

     5,505         357,935  

Bristow Group, Inc.

     625         47,200  

CARBO Ceramics, Inc.

     341         47,055  

Diamond Offshore Drilling, Inc.

     9,382         457,466  

Gulfmark Offshore, Inc. Class A

     909         40,850  

Halliburton Co.

     11,307         665,869  

Helmerich & Payne, Inc.

     2,804         301,598  

National Oilwell Varco, Inc.

     6,264         487,778  

Oceaneering International, Inc.

     1,369         98,377  

Patterson-UTI Energy, Inc.

     1,581         50,086  

RPC, Inc.

     5,377         109,798  

Tidewater, Inc.

     1,112         54,065  
     

 

 

 
Total Energy Equipment & Services               2,718,077  
Food & Staples Retailing – 2.8%      

Casey’s General Stores, Inc.

     480         32,443  

Costco Wholesale Corp.

     5,098         569,345  

CVS Caremark Corp.

     17,028         1,274,716  

Kroger Co. (The)

     9,529         415,941  

Safeway, Inc.

     6,603         243,915  

Sysco Corp.

     19,734         712,989  

Walgreen Co.

     23,052         1,522,124  

Wal-Mart Stores, Inc.

     86,293         6,595,374  

Weis Markets, Inc.

     1,132         55,751  

Whole Foods Market, Inc.

     3,415         173,175  
     

 

 

 
Total Food & Staples Retailing               11,595,773  
Food Products – 1.9%      

Archer-Daniels-Midland Co.

     13,032         565,458  

B&G Foods, Inc.

     2,448         73,709  

Campbell Soup Co.

     9,881         443,459  

ConAgra Foods, Inc.

     14,610         453,348  

Dean Foods Co.

     2,411         37,274  

Flowers Foods, Inc.

     5,063         108,601  

General Mills, Inc.

     21,236         1,100,450  

Hershey Co. (The)

     3,777         394,319  

Hillshire Brands Co.

     3,045         113,457  

Hormel Foods Corp.

     4,642         228,711  

Ingredion, Inc.

     1,912         130,169  

J.M. Smucker Co. (The)

     2,699         262,451  

Kellogg Co.

     11,833         742,047  

Kraft Foods Group, Inc.

     25,556         1,433,692  

Lancaster Colony Corp.

     735         73,074  

McCormick & Co., Inc.

     2,603         186,739  

Mead Johnson Nutrition Co.

     3,688         306,620  

Mondelez International, Inc. Class A

     31,633         1,092,920  

Pinnacle Foods, Inc.

     3,457         103,226  

 

See Notes to Financial Statements.

 

18   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Sanderson Farms, Inc.

     3       $ 235  

Snyder’s-Lance, Inc.

     2,357         66,444  

Tyson Foods, Inc. Class A

     1,979         87,096  
     

 

 

 
Total Food Products               8,003,499  
Gas Utilities – 0.4%      

AGL Resources, Inc.

     4,696         229,916  

Atmos Energy Corp.

     3,076         144,972  

Chesapeake Utilities Corp.

     966         61,013  

Laclede Group, Inc. (The)

     1,663         78,410  

National Fuel Gas Co.

     1,955         136,928  

New Jersey Resources Corp.

     1,677         83,515  

Northwest Natural Gas Co.

     1,887         83,047  

Piedmont Natural Gas Co., Inc.

     2,827         100,047  

Questar Corp.

     6,130         145,771  

South Jersey Industries, Inc.

     1,325         74,319  

Southwest Gas Corp.

     1,259         67,293  

UGI Corp.

     3,407         155,393  

WGL Holdings, Inc.

     2,613         104,677  
     

 

 

 
Total Gas Utilities               1,465,301  
Health Care Equipment & Supplies – 1.5%      

Abbott Laboratories

     39,378         1,516,447  

Baxter International, Inc.

     17,132         1,260,573  

Becton, Dickinson and Co.

     3,815         446,660  

C.R. Bard, Inc.

     519         76,802  

CONMED Corp.

     1,391         60,439  

DENTSPLY International, Inc.

     858         39,502  

Hill-Rom Holdings, Inc.

     1,079         41,585  

Medtronic, Inc.

     21,318         1,311,910  

Meridian Bioscience, Inc.

     2,315         50,444  

ResMed, Inc.

     3,272         146,226  

St. Jude Medical, Inc.

     5,332         348,659  

STERIS Corp.

     985         47,034  

Stryker Corp.

     5,943         484,176  

Teleflex, Inc.

     656         70,349  

West Pharmaceutical Services, Inc.

     824         36,297  

Zimmer Holdings, Inc.

     1,609         152,179  
     

 

 

 
Total Health Care Equipment & Supplies               6,089,282  
Health Care Providers & Services – 1.0%      

Aetna, Inc.

     4,882         366,004  

AmerisourceBergen Corp.

     3,494         229,172  

Cardinal Health, Inc.

     6,829         477,893  

HealthSouth Corp.

     2,167         77,860  

Humana, Inc.

     1,863         209,997  

Kindred Healthcare, Inc.

     2,127         49,814  

Landauer, Inc.

     1,105         50,090  

McKesson Corp.

     1,577         278,451  

National Healthcare Corp.

     960         53,539  

Omnicare, Inc.

     1,064         63,489  

Owens & Minor, Inc.

     1,885         66,032  

Patterson Cos., Inc.

     1,620         67,651  

Quest Diagnostics, Inc.

     3,382         195,885  

Select Medical Holdings Corp.

     5,302         66,010  

UnitedHealth Group, Inc.

     17,115       1,403,259  

WellPoint, Inc.

     5,481         545,634  
     

 

 

 
Total Health Care Providers & Services               4,200,780  
Health Care Technology – 0.0%      

Computer Programs & Systems, Inc.

     1,047         67,636  

Quality Systems, Inc.

     2,710         45,745  
     

 

 

 
Total Health Care Technology               113,381  
Hotels, Restaurants & Leisure – 2.2%      

Bob Evans Farms, Inc.

     1,104         55,233  

Brinker International, Inc.

     1,755         92,050  

Burger King Worldwide, Inc.

     4,670         123,988  

Cheesecake Factory, Inc. (The)

     984         46,868  

Choice Hotels International, Inc.

     1,094         50,324  

Cracker Barrel Old Country Store, Inc.

     715         69,527  

Darden Restaurants, Inc.

     5,685         288,571  

DineEquity, Inc.

     762         59,489  

Domino’s Pizza, Inc.

     715         55,034  

Dunkin’ Brands Group, Inc.

     1,870         93,837  

International Game Technology

     6,940         97,576  

Las Vegas Sands Corp.

     16,286         1,315,583  

Marriott International, Inc. Class A

     4,521         253,266  

McDonald’s Corp.

     37,120         3,638,874  

Seaworld Entertainment, Inc.

     2,713         82,014  

Six Flags Entertainment Corp.

     5,405         217,011  

Speedway Motorsports, Inc.

     2,733         51,189  

Starbucks Corp.

     11,230         824,057  

Starwood Hotels & Resorts Worldwide, Inc.

     3,511         279,476  

Texas Roadhouse, Inc.

     1,992         51,951  

Vail Resorts, Inc.

     640         44,608  

Wendy’s Co. (The)

     11,078         101,031  

Wyndham Worldwide Corp.

     2,268         166,086  

Wynn Resorts Ltd.

     2,340         519,831  

Yum! Brands, Inc.

     9,881         744,929  
     

 

 

 
Total Hotels, Restaurants & Leisure               9,322,403  
Household Durables – 0.3%      

D.R. Horton, Inc.

     2,703         58,520  

Harman International Industries, Inc.

     1,149         122,254  

Leggett & Platt, Inc.

     5,658         184,677  

Lennar Corp. Class A

     1,318         52,219  

M.D.C. Holdings, Inc.

     2,459         69,541  

NACCO Industries, Inc. Class A

     647         35,074  

Newell Rubbermaid, Inc.

     6,011         179,729  

PulteGroup, Inc.

     4,719         90,558  

Ryland Group, Inc. (The)

     480         19,166  

Tupperware Brands Corp.

     1,369         114,668  

Whirlpool Corp.

     1,390         207,749  
     

 

 

 
Total Household Durables               1,134,155  
Household Products – 2.5%      

Church & Dwight Co., Inc.

     2,410         166,459  

Clorox Co. (The)

     4,332         381,259  

Colgate-Palmolive Co.

     21,606         1,401,581  

Energizer Holdings, Inc.

     1,327         133,682  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      19   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Kimberly-Clark Corp.

     12,953       $ 1,428,068  

Procter & Gamble Co. (The)

     87,581         7,059,029  

Spectrum Brands Holdings, Inc.

     898         71,571  

WD-40 Co.

     640         49,645  
     

 

 

 
Total Household Products               10,691,294  
Independent Power and Renewable Electricity Producers – 0.1%   

AES Corp. (The)

     11,743         167,690  

NRG Energy, Inc.

     6,214         197,605  
     

 

 

 
Total Independent Power and Renewable Electricity Producers         365,295  
Industrial Conglomerates – 2.4%      

3M Co.

     14,025         1,902,632  

Carlisle Cos., Inc.

     976         77,436  

Danaher Corp.

     1,072         80,400  

General Electric Co.

     309,537         8,013,913  
     

 

 

 
Total Industrial Conglomerates               10,074,381  
Insurance – 2.5%      

Aflac, Inc.

     11,324         713,865  

Allstate Corp. (The)

     9,360         529,589  

American Financial Group, Inc.

     1,552         89,566  

American International Group, Inc.

     12,986         649,430  

American National Insurance Co.

     1,035         117,007  

AmTrust Financial Services, Inc.

     1,522         57,242  

Arthur J. Gallagher & Co.

     4,344         206,688  

Assurant, Inc.

     1,320         85,747  

Baldwin & Lyons, Inc. Class B

     2         53  

Brown & Brown, Inc.

     2,465         75,823  

Chubb Corp. (The)

     5,115         456,769  

Cincinnati Financial Corp.

     5,474         266,365  

CNA Financial Corp.

     5,636         240,770  

CNO Financial Group, Inc.

     2,248         40,689  

Donegal Group, Inc. Class A

     1         15  

Erie Indemnity Co. Class A

     1,383         96,478  

Fidelity National Financial, Inc. Class A

     6,159         193,639  

First American Financial Corp.

     1,946         51,666  

Hanover Insurance Group, Inc. (The)

     1,317         80,916  

Hartford Financial Services Group, Inc.

     8,645         304,909  

HCC Insurance Holdings, Inc.

     1,990         90,525  

Horace Mann Educators Corp.

     1,829         53,041  

Infinity Property & Casualty Corp.

     671         45,380  

Kemper Corp.

     1,759         68,900  

Lincoln National Corp.

     3,776         191,330  

Loews Corp.

     2,155         94,928  

Marsh & McLennan Cos., Inc.

     12,666         624,434  

Mercury General Corp.

     3,090         139,297  

MetLife, Inc.

     26,215         1,384,152  

Old Republic International Corp.

     12,747         209,051  

Principal Financial Group, Inc.

     6,913         317,929  

ProAssurance Corp.

     1,333         59,358  

Progressive Corp. (The)

     7,068         171,187  

Protective Life Corp.

     1,607         84,512  

Prudential Financial, Inc.

     11,984         1,014,446  

Reinsurance Group of America, Inc.

     1,108         88,230  

RLI Corp.

     1,292       57,158  

Safety Insurance Group, Inc.

     1,367         73,613  

Selective Insurance Group, Inc.

     2,098         48,925  

StanCorp Financial Group, Inc.

     1,020         68,136  

State Auto Financial Corp.

     2,555         54,447  

Symetra Financial Corp.

     3,936         78,012  

Torchmark Corp.

     865         68,075  

Travelers Cos., Inc. (The)

     8,963         762,751  

United Fire Group, Inc.

     1,122         34,053  

Universal Insurance Holdings, Inc.

     4         51  

Unum Group

     4,778         168,711  

W.R. Berkley Corp.

     916         38,124  
     

 

 

 
Total Insurance               10,345,982  
Internet & Catalog Retail – 0.0%      

Expedia, Inc.

     1,388         100,630  

HSN, Inc.

     1,185         70,780  

Nutrisystem, Inc.

     2         30  
     

 

 

 
Total Internet & Catalog Retail               171,440  
Internet Software & Services – 0.0%      

IAC/InterActiveCorp

     1,701         121,434  

j2 Global, Inc.

     1,265         63,313  
     

 

 

 
Total Internet Software & Services               184,747  
IT Services – 2.2%      

Automatic Data Processing, Inc.

     13,107         1,012,647  

Booz Allen Hamilton Holding Corp.

     3,760         82,720  

Broadridge Financial Solutions, Inc.

     3,126         116,100  

Computer Sciences Corp.

     2,570         156,307  

DST Systems, Inc.

     809         76,685  

Fidelity National Information Services, Inc.

     5,602         299,427  

International Business Machines Corp.

     25,450         4,898,871  

Jack Henry & Associates, Inc.

     1,467         81,800  

Leidos Holdings, Inc.

     2,887         102,113  

MasterCard, Inc. Class A

     3,978         297,157  

Paychex, Inc.

     12,961         552,139  

Total System Services, Inc.

     2,941         89,436  

Visa, Inc. Class A

     4,300         928,198  

Western Union Co. (The)

     17,814         291,437  

Xerox Corp.

     27,038         305,529  
     

 

 

 
Total IT Services               9,290,566  
Leisure Products – 0.2%      

Brunswick Corp.

     1,074         48,641  

Hasbro, Inc.

     4,539         252,459  

Mattel, Inc.

     11,910         477,710  

Polaris Industries, Inc.

     997         139,291  

Sturm Ruger & Co., Inc.

     839         50,172  
     

 

 

 
Total Leisure Products               968,273  
Life Sciences Tools & Services – 0.1%      

Agilent Technologies, Inc.

     3,173         177,434  

PerkinElmer, Inc.

     1,216         54,793  

Techne Corp.

     722         61,637  

Thermo Fisher Scientific, Inc.

     2,340         281,362  
     

 

 

 
Total Life Sciences Tools & Services               575,226  

 

See Notes to Financial Statements.

 

20   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Machinery – 1.7%      

AGCO Corp.

     774       $ 42,694  

Albany International Corp. Class A

     3         107  

Barnes Group, Inc.

     1,586         61,013  

Briggs & Stratton Corp.

     2,047         45,546  

Caterpillar, Inc.

     19,073         1,895,284  

CLARCOR, Inc.

     858         49,206  

Crane Co.

     1,190         84,669  

Cummins, Inc.

     3,809         567,503  

Deere & Co.

     9,537         865,960  

Donaldson Co., Inc.

     1,931         81,874  

Douglas Dynamics, Inc.

     2         35  

Dover Corp.

     3,144         257,022  

Flowserve Corp.

     1,295         101,450  

Graco, Inc.

     1,136         84,905  

Harsco Corp.

     2,945         69,001  

IDEX Corp.

     1,260         91,841  

Illinois Tool Works, Inc.

     10,196         829,241  

ITT Corp.

     1,293         55,289  

Joy Global, Inc.

     1,579         91,582  

Kennametal, Inc.

     1,374         60,868  

Lincoln Electric Holdings, Inc.

     1,319         94,981  

Mueller Industries, Inc.

     1,200         35,988  

Nordson Corp.

     710         50,048  

Oshkosh Corp.

     1,256         73,941  

PACCAR, Inc.

     5,387         363,299  

Pall Corp.

     1,491         133,400  

Parker Hannifin Corp.

     2,440         292,092  

Snap-On, Inc.

     1,009         114,502  

SPX Corp.

     649         63,803  

Stanley Black & Decker, Inc.

     4,247         345,026  

Timken Co. (The)

     1,866         109,683  

Toro Co. (The)

     747         47,203  

Trinity Industries, Inc.

     1,123         80,935  

Valmont Industries, Inc.

     207         30,810  

Woodward, Inc.

     543         22,551  

Xylem, Inc.

     2,544         92,652  
     

 

 

 
Total Machinery               7,286,004  
Marine – 0.0%      

International Shipholding Corp.

     7         206  

Matson, Inc.

     1,943         47,973  
     

 

 

 
Total Marine               48,179  
Media – 2.2%      

Cablevision Systems Corp. Class A

     8,317         140,308  

CBS Corp. Class A

     893         55,268  

CBS Corp. Class B

     4,818         297,752  

Cinemark Holdings, Inc.

     3,456         100,258  

Comcast Corp. Class A

     36,606         1,831,032  

Comcast Corp. Special Class A

     8,879         432,940  

Gannett Co., Inc.

     7,568         208,877  

Interpublic Group of Cos., Inc. (The)

     9,535         163,430  

John Wiley & Sons, Inc. Class A

     1,513         87,209  

Meredith Corp.

     1,494         69,366  

Morningstar, Inc.

     327       25,840  

National CineMedia, Inc.

     4,655         69,825  

Omnicom Group, Inc.

     6,367         462,244  

Regal Entertainment Group Class A

     5,970         111,520  

Scripps Networks Interactive, Inc. Class A

     872         66,194  

Sinclair Broadcast Group, Inc. Class A

     1,627         44,075  

Time Warner Cable, Inc.

     6,021         825,961  

Time Warner, Inc.

     17,011         1,111,329  

Twenty-First Century Fox, Inc. Class A

     12,272         392,336  

Twenty-First Century Fox, Inc. Class B

     6,884         214,230  

Viacom, Inc. Class A

     1,112         94,809  

Viacom, Inc. Class B

     6,754         574,022  

Walt Disney Co. (The)

     20,735         1,660,251  

World Wrestling Entertainment, Inc. Class A

     8         231  
     

 

 

 
Total Media               9,039,307  
Metals & Mining – 0.9%      

Alcoa, Inc.

     15,188         195,470  

Allegheny Technologies, Inc.

     2,733         102,979  

AMCOL International Corp.

     1,618         74,072  

Carpenter Technology Corp.

     779         51,445  

Cliffs Natural Resources, Inc.

     4,446         90,965  

Commercial Metals Co.

     3,911         73,840  

Compass Minerals International, Inc.

     1,084         89,452  

Freeport-McMoRan Copper & Gold, Inc.

     40,622         1,343,369  

Globe Specialty Metals, Inc.

     7         146  

Gold Resource Corp.

     7,719         36,897  

Hecla Mining Co.

     4,936         15,153  

Kaiser Aluminum Corp.

     598         42,709  

Newmont Mining Corp.

     18,349         430,101  

Nucor Corp.

     9,888         499,740  

Reliance Steel & Aluminum Co.

     1,475         104,223  

Royal Gold, Inc.

     1,217         76,208  

Southern Copper Corp.

     16,612         483,575  

Steel Dynamics, Inc.

     6,083         108,217  

United States Steel Corp.

     1,458         40,255  

US Silica Holdings, Inc.

     1,217         46,453  

Walter Energy, Inc.

     1,016         7,681  

Worthington Industries, Inc.

     1,363         52,135  
     

 

 

 
Total Metals & Mining               3,965,085  
Multiline Retail – 0.6%      

Family Dollar Stores, Inc.

     2,047         118,746  

Kohl’s Corp.

     6,113         347,218  

Macy’s, Inc.

     8,183         485,170  

Nordstrom, Inc.

     4,240         264,788  

Target Corp.

     18,736         1,133,715  
     

 

 

 
Total Multiline Retail               2,349,637  
Multi-Utilities – 2.2%      

Alliant Energy Corp.

     4,316         245,192  

Ameren Corp.

     11,602         478,002  

Avista Corp.

     3,755         115,091  

Black Hills Corp.

     1,777         102,444  

CenterPoint Energy, Inc.

     16,765         397,163  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      21   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

CMS Energy Corp.

     10,656       $ 312,008  

Consolidated Edison, Inc.

     13,809         740,853  

Dominion Resources, Inc.

     22,091         1,568,240  

DTE Energy Co.

     7,456         553,906  

Integrys Energy Group, Inc.

     4,091         244,028  

MDU Resources Group, Inc.

     5,273         180,917  

NiSource, Inc.

     10,206         362,619  

NorthWestern Corp.

     1,875         88,931  

PG&E Corp.

     21,375         923,400  

Public Service Enterprise Group, Inc.

     24,104         919,327  

SCANA Corp.

     6,677         342,664  

Sempra Energy

     7,556         731,119  

TECO Energy, Inc.

     11,943         204,822  

Vectren Corp.

     3,699         145,704  

Wisconsin Energy Corp.

     8,656         402,937  
     

 

 

 
Total Multi-Utilities               9,059,367  
Oil, Gas & Consumable Fuels – 9.0%      

Anadarko Petroleum Corp.

     5,010         424,648  

Apache Corp.

     4,090         339,266  

Arch Coal, Inc.

     9,902         47,728  

Cabot Oil & Gas Corp.

     1,100         37,268  

Chesapeake Energy Corp.

     9,777         250,487  

Chevron Corp.

     69,870         8,308,242  

Cimarex Energy Co.

     673         80,161  

ConocoPhillips

     53,673         3,775,896  

Consol Energy, Inc.

     3,581         143,061  

CVR Energy, Inc.

     6,972         294,567  

Delek US Holdings, Inc.

     1,194         34,674  

Devon Energy Corp.

     6,625         443,411  

Energen Corp.

     785         63,436  

EOG Resources, Inc.

     1,434         281,308  

EQT Corp.

     2         194  

EXCO Resources, Inc.

     10,240         57,344  

Exxon Mobil Corp.

     121,950         11,912,076  

Hess Corp.

     4,582         379,756  

HollyFrontier Corp.

     5,455         259,549  

Kinder Morgan, Inc.

     54,241         1,762,290  

Marathon Oil Corp.

     16,568         588,495  

Marathon Petroleum Corp.

     6,453         561,669  

Murphy Oil Corp.

     4,156         261,246  

Noble Energy, Inc.

     3,279         232,940  

Occidental Petroleum Corp.

     24,570         2,341,275  

ONEOK, Inc.

     5,785         342,761  

PBF Energy, Inc. Class A

     2,138         55,160  

Peabody Energy Corp.

     5,533         90,409  

Phillips 66

     14,009         1,079,534  

Pioneer Natural Resources Co.

     112         20,960  

Range Resources Corp.

     472         39,162  

Semgroup Corp. Class A

     810         53,201  

Spectra Energy Corp.

     26,668         985,116  

Targa Resources Corp.

     1,232         122,288  

Tesoro Corp.

     2,612         132,141  

Valero Energy Corp.

     11,262         598,012  

W&T Offshore, Inc.

     3,055       52,882  

Western Refining, Inc.

     2,099         81,021  

Williams Cos., Inc. (The)

     29,789         1,208,838  
     

 

 

 
Total Oil, Gas & Consumable Fuels               37,742,472  
Paper & Forest Products – 0.2%      

International Paper Co.

     13,696         628,373  

PH Glatfelter Co.

     1,470         40,013  

Schweitzer-Mauduit International, Inc.

     1,182         50,341  
     

 

 

 
Total Paper & Forest Products               718,727  
Personal Products – 0.1%      

Avon Products, Inc.

     6,953         101,792  

Estee Lauder Cos., Inc. (The) Class A

     2,889         193,216  

Nu Skin Enterprises, Inc. Class A

     646         53,521  
     

 

 

 
Total Personal Products               348,529  
Pharmaceuticals – 7.3%      

AbbVie, Inc.

     51,423         2,643,142  

Allergan, Inc.

     765         94,937  

Bristol-Myers Squibb Co.

     48,434         2,516,146  

Eli Lilly & Co.

     48,062         2,828,929  

Johnson & Johnson

     88,711         8,714,082  

Merck & Co., Inc.

     113,199         6,426,307  

Pfizer, Inc.

     227,784         7,316,422  

Questcor Pharmaceuticals, Inc.

     1,437         93,304  

Zoetis, Inc.

     4,484         129,767  
     

 

 

 
Total Pharmaceuticals               30,763,036  
Professional Services – 0.1%      

Corporate Executive Board Co. (The)

     721         53,520  

Dun & Bradstreet Corp. (The)

     653         64,875  

Equifax, Inc.

     1,980         134,699  

Insperity, Inc.

     3         93  

Manpowergroup, Inc.

     1,076         84,821  

Robert Half International, Inc.

     2,576         108,063  

Towers Watson & Co. Class A

     376         42,883  
     

 

 

 
Total Professional Services               488,954  
Real Estate Investment Trusts (REITs) – 6.6%      

Acadia Realty Trust

     2,791         73,627  

Agree Realty Corp.

     2,248         68,362  

Alexander’s, Inc.

     209         75,447  

Alexandria Real Estate Equities, Inc.

     3,364         244,092  

American Assets Trust, Inc.

     1,928         65,051  

American Campus Communities, Inc.

     4,754         177,562  

American Homes 4 Rent Class A

     3,102         51,835  

American Realty Capital Properties, Inc.

     42,614         597,448  

American Tower Corp.

     6,065         496,542  

Apartment Investment & Management Co. Class A

     5,710         172,556  

Ashford Hospitality Trust, Inc.

     8,511         95,919  

Associated Estates Realty Corp.

     4,659         78,923  

AvalonBay Communities, Inc.

     5,127         673,278  

Aviv REIT, Inc.

     3,664         89,585  

BioMed Realty Trust, Inc.

     9,920         203,261  

Boston Properties, Inc.

     3,993         457,318  

Brandywine Realty Trust

     8,358         120,857  

 

See Notes to Financial Statements.

 

22   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

BRE Properties, Inc.

     2,452       $ 153,937  

Camden Property Trust

     3,810         256,565  

Campus Crest Communities, Inc.

     8,385         72,782  

CBL & Associates Properties, Inc.

     9,462         167,950  

Cedar Realty Trust, Inc.

     7         43  

Chambers Street Properties

     16,856         130,971  

Chesapeake Lodging Trust

     3,386         87,122  

CommonWealth REIT

     5,454         143,440  

Corporate Office Properties Trust

     5,043         134,346  

Corrections Corp. of America

     7,001         219,271  

Cousins Properties, Inc.

     5,173         59,334  

Crown Castle International Corp.

     7,194         530,773  

CubeSmart

     5,269         90,416  

DCT Industrial Trust, Inc.

     15,450         121,746  

DDR Corp.

     13,442         221,524  

DiamondRock Hospitality Co.

     7,090         83,307  

Digital Realty Trust, Inc.

     9,139         485,098  

Douglas Emmett, Inc.

     4,853         131,710  

Duke Realty Corp.

     15,829         267,194  

DuPont Fabros Technology, Inc.

     3,504         84,341  

EastGroup Properties, Inc.

     1,489         93,673  

Education Realty Trust, Inc.

     8,726         86,126  

EPR Properties

     3,314         176,934  

Equity Lifestyle Properties, Inc.

     2,545         103,454  

Equity One, Inc.

     5,639         125,975  

Equity Residential

     11,761         682,020  

Essex Property Trust, Inc.

     1,242         211,202  

Excel Trust, Inc.

     6,599         83,675  

Extra Space Storage, Inc.

     4,739         229,889  

Federal Realty Investment Trust

     2,201         252,499  

First Industrial Realty Trust, Inc.

     3,053         58,984  

First Potomac Realty Trust

     6,260         80,879  

Franklin Street Properties Corp.

     7,979         100,535  

General Growth Properties, Inc.

     27,611         607,442  

Geo Group, Inc. (The)

     5,237         168,841  

Getty Realty Corp.

     3,761         71,045  

Gladstone Commercial Corp.

     3,612         62,632  

Glimcher Realty Trust

     8,620         86,459  

Government Properties Income Trust

     4,756         119,851  

HCP, Inc.

     28,071         1,088,874  

Health Care REIT, Inc.

     17,281         1,029,948  

Healthcare Realty Trust, Inc.

     5,922         143,016  

Healthcare Trust of America, Inc. Class A

     11,536         131,395  

Hersha Hospitality Trust

     12,482         72,770  

Highwoods Properties, Inc.

     4,103         157,596  

Home Properties, Inc.

     2,989         179,699  

Hospitality Properties Trust

     10,756         308,912  

Host Hotels & Resorts, Inc.

     20,864         422,287  

Hudson Pacific Properties, Inc.

     2,679         61,805  

Inland Real Estate Corp.

     9,605         101,333  

Investors Real Estate Trust

     11,007         98,843  

Kilroy Realty Corp.

     2,455         143,814  

Kimco Realty Corp.

     19,122         418,389  

Kite Realty Group Trust

     9,823         58,938  

LaSalle Hotel Properties

     4,019       125,835  

Lexington Realty Trust

     15,584         170,021  

Liberty Property Trust

     8,243         304,661  

LTC Properties, Inc.

     2,679         100,811  

Macerich Co. (The)

     6,247         389,376  

Mack-Cali Realty Corp.

     5,427         112,827  

Medical Properties Trust, Inc.

     10,921         139,680  

Mid-America Apartment Communities, Inc.

     3,344         228,295  

Monmouth Real Estate Investment Corp. Class A

     7,618         72,676  

National Health Investors, Inc.

     1,557         94,136  

National Retail Properties, Inc.

     6,682         229,326  

Omega Healthcare Investors, Inc.

     8,422         282,305  

One Liberty Properties, Inc.

     8         171  

Parkway Properties, Inc.

     4,315         78,749  

Pebblebrook Hotel Trust

     1,677         56,632  

Pennsylvania Real Estate Investment Trust

     3,769         68,030  

Piedmont Office Realty Trust, Inc. Class A

     8,294         142,242  

Plum Creek Timber Co., Inc.

     6,829         287,091  

Post Properties, Inc.

     1,818         89,264  

Potlatch Corp.

     1,671         64,651  

Prologis, Inc.

     16,312         666,019  

PS Business Parks, Inc.

     889         74,338  

Public Storage

     7,001         1,179,598  

Ramco-Gershenson Properties Trust

     5,401         88,036  

Rayonier, Inc.

     6,002         275,552  

Realty Income Corp.

     12,545         512,589  

Regency Centers Corp.

     3,802         194,130  

Retail Opportunity Investments Corp.

     5,428         81,094  

Retail Properties of America, Inc. Class A

     11,927         161,492  

RLJ Lodging Trust

     4,090         109,367  

Ryman Hospitality Properties, Inc.

     2,720         115,654  

Sabra Health Care REIT, Inc.

     2,921         81,467  

Saul Centers, Inc.

     1,366         64,694  

Select Income REIT

     4,013         121,474  

Senior Housing Properties Trust

     12,971         291,458  

Simon Property Group, Inc.

     10,440         1,712,160  

SL Green Realty Corp.

     2,175         218,848  

Sovran Self Storage, Inc.

     1,095         80,428  

Spirit Realty Capital, Inc.

     21,703         238,299  

STAG Industrial, Inc.

     4,635         111,703  

Summit Hotel Properties, Inc.

     7,447         69,108  

Sun Communities, Inc.

     2,584         116,513  

Sunstone Hotel Investors, Inc.

     3,912         53,712  

Tanger Factory Outlet Centers, Inc.

     2,698         94,430  

Taubman Centers, Inc.

     1,876         132,802  

UDR, Inc.

     10,319         266,540  

Universal Health Realty Income Trust

     1,828         77,215  

Urstadt Biddle Properties, Inc. Class A

     3,507         72,455  

Ventas, Inc.

     14,809         896,981  

Vornado Realty Trust

     6,385         629,306  

Washington Real Estate Investment Trust

     4,349         103,854  

Weingarten Realty Investors

     5,492         164,760  

Weyerhaeuser Co.

     17,671         518,644  

Winthrop Realty Trust

     5,768         66,851  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      23   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

WP Carey, Inc.

     3,850       $ 231,269  
     

 

 

 
Total Real Estate Investment Trusts (REITs)               27,912,886  
Road & Rail – 0.9%      

Con-way, Inc.

     883         36,274  

CSX Corp.

     23,786         689,080  

JB Hunt Transport Services, Inc.

     925         66,526  

Kansas City Southern

     821         83,791  

Knight Transportation, Inc.

     2,600         60,138  

Landstar System, Inc.

     1,946         115,242  

Norfolk Southern Corp.

     7,741         752,193  

Ryder System, Inc.

     1,229         98,222  

Union Pacific Corp.

     9,818         1,842,446  

Werner Enterprises, Inc.

     6         153  
     

 

 

 
Total Road & Rail               3,744,065  
Semiconductors & Semiconductor Equipment – 2.5%   

Altera Corp.

     6,725         243,714  

Analog Devices, Inc.

     9,337         496,168  

Applied Materials, Inc.

     31,681         646,926  

Broadcom Corp. Class A

     8,803         277,118  

Brooks Automation, Inc.

     5,423         59,273  

Intel Corp.

     196,496         5,071,562  

Intersil Corp. Class A

     6,647         85,879  

KLA-Tencor Corp.

     5,262         363,815  

Linear Technology Corp.

     5,987         291,507  

LSI Corp.

     7,309         80,911  

Maxim Integrated Products, Inc.

     11,039         365,612  

Microchip Technology, Inc.

     7,289         348,123  

MKS Instruments, Inc.

     1,432         42,802  

NVIDIA Corp.

     13,770         246,621  

Texas Instruments, Inc.

     33,754         1,591,501  

Xilinx, Inc.

     6,614         358,942  
     

 

 

 
Total Semiconductors & Semiconductor Equipment         10,570,474  
Software – 3.8%      

Activision Blizzard, Inc.

     8,697         177,767  

American Software, Inc. Class A

     3,574         36,347  

Blackbaud, Inc.

     1,020         31,926  

CA, Inc.

     15,200         470,744  

Compuware Corp.

     10,619         111,499  

Factset Research Systems, Inc.

     626         67,489  

Intuit, Inc.

     3,189         247,881  

Microsoft Corp.

     282,038         11,560,738  

Oracle Corp.

     69,791         2,855,150  

Solera Holdings, Inc.

     932         59,033  

Symantec Corp.

     19,718         393,769  
     

 

 

 
Total Software               16,012,343  
Specialty Retail – 1.6%      

Abercrombie & Fitch Co. Class A

     2,290         88,165  

Advance Auto Parts, Inc.

     9         1,138  

American Eagle Outfitters, Inc.

     7,692         94,150  

Best Buy Co., Inc.

     6,254         165,168  

Buckle, Inc. (The)

     1,049         48,044  

Chico’s FAS, Inc.

     2,185         35,026  

Dick’s Sporting Goods, Inc.

     980       53,518  

DSW, Inc. Class A

     1,164         41,741  

Foot Locker, Inc.

     3,430         161,141  

GameStop Corp. Class A

     2,926         120,259  

Gap, Inc. (The)

     10,792         432,328  

GNC Holdings, Inc. Class A

     1,258         55,377  

Guess?, Inc.

     2,712         74,851  

Home Depot, Inc. (The)

     30,816         2,438,470  

L Brands, Inc.

     6,050         343,459  

Lowe’s Cos., Inc.

     17,422         851,936  

Men’s Wearhouse, Inc. (The)

     1,105         54,123  

Penske Automotive Group, Inc.

     1,513         64,696  

PetSmart, Inc.

     1,053         72,541  

Rent-A-Center, Inc.

     1,682         44,741  

Ross Stores, Inc.

     2,426         173,580  

Staples, Inc.

     22,399         254,005  

Tiffany & Co.

     2,154         185,567  

TJX Cos., Inc. (The)

     7,582         459,848  

Tractor Supply Co.

     1,191         84,120  

Williams-Sonoma, Inc.

     2,306         153,672  
     

 

 

 
Total Specialty Retail               6,551,664  
Technology Hardware, Storage & Peripherals – 3.7%   

Apple, Inc.

     21,981         11,798,082  

Diebold, Inc.

     2,748         109,618  

EMC Corp.

     38,445         1,053,777  

Hewlett-Packard Co.

     44,986         1,455,747  

Lexmark International, Inc. Class A

     2,766         128,038  

NetApp, Inc.

     5,650         208,485  

SanDisk Corp.

     3,303         268,171  

Western Digital Corp.

     3,940         361,771  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               15,383,689  
Textiles, Apparel & Luxury Goods – 0.5%      

Carter’s, Inc.

     622         48,298  

Coach, Inc.

     7,492         372,053  

Columbia Sportswear Co.

     733         60,583  

Hanesbrands, Inc.

     1,309         100,112  

Jones Group, Inc. (The)

     3         45  

NIKE, Inc. Class B

     8,542         630,912  

Ralph Lauren Corp.

     729         117,318  

VF Corp.

     8,624         533,653  

Wolverine World Wide, Inc.

     1,194         34,089  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               1,897,063  
Thrifts & Mortgage Finance – 0.3%      

Astoria Financial Corp.

     9         124  

Berkshire Hills Bancorp, Inc.

     6         155  

Brookline Bancorp, Inc.

     7,200         67,824  

Capitol Federal Financial, Inc.

     5,528         69,376  

Dime Community Bancshares, Inc.

     3,767         63,964  

Hudson City Bancorp, Inc.

     10,178         100,050  

New York Community Bancorp, Inc.

     29,714         477,504  

Northwest Bancshares, Inc.

     6,147         89,746  

OceanFirst Financial Corp.

     9         159  

 

See Notes to Financial Statements.

 

24   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Total Dividend Fund (DTD)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Oritani Financial Corp.

     4,587       $ 72,521  

People’s United Financial, Inc.

     14,699         218,574  

Provident Financial Services, Inc.

     2,937         53,953  

TrustCo Bank Corp.

     8,971         63,156  

Washington Federal, Inc.

     2,189         51,004  
     

 

 

 
Total Thrifts & Mortgage Finance               1,328,110  
Tobacco – 3.2%      

Altria Group, Inc.

     111,059         4,156,938  

Lorillard, Inc.

     17,775         961,272  

Philip Morris International, Inc.

     77,623         6,354,995  

Reynolds American, Inc.

     30,518         1,630,272  

Universal Corp.

     1,341         74,949  

Vector Group Ltd.

     9,352         201,442  
     

 

 

 
Total Tobacco               13,379,868  
Trading Companies & Distributors – 0.3%      

Applied Industrial Technologies, Inc.

     1,141         55,042  

Fastenal Co.

     6,763         333,551  

GATX Corp.

     1,344         91,231  

Kaman Corp.

     1,297         52,762  

MSC Industrial Direct Co. Class A

     857         74,148  

TAL International Group, Inc.*

     2,084         89,341  

W.W. Grainger, Inc.

     1,102         278,431  

Watsco, Inc.

     725         72,435  
     

 

 

 
Total Trading Companies & Distributors               1,046,941  
Water Utilities – 0.1%      

American States Water Co.

     2,478         80,015  

American Water Works Co., Inc.

     4,866         220,916  

Aqua America, Inc.

     5,082         127,406  

California Water Service Group

     3,260         78,044  

Connecticut Water Service, Inc.

     6         205  

Middlesex Water Co.

     1,860         40,585  

SJW Corp.

     1,959         57,908  
     

 

 

 
Total Water Utilities               605,079  
Wireless Telecommunication Services – 0.0%      

NTELOS Holdings Corp.

     3,201         43,214  

Telephone & Data Systems, Inc.

     2,412         63,219  
     

 

 

 
Total Wireless Telecommunication Services               106,433  
TOTAL COMMON STOCKS
(Cost: $316,214,177)
              418,133,278  
EXCHANGE-TRADED FUND – 0.2%      

WisdomTree Total Earnings Fund(a)

     
(Cost: $983,470)      14,866         1,007,099  
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $317,197,647)
        419,140,377  

Other Assets in Excess of Liabilities – 0.2%

        814,409  
     

 

 

 
NET ASSETS – 100.0%             $ 419,954,786  
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      25   


Table of Contents

Schedule of Investments

WisdomTree Equity Income Fund (DHS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 99.8%      
COMMON STOCKS – 99.5%      
Aerospace & Defense – 1.3%      

American Science & Engineering, Inc.

     770       $ 51,721  

Lockheed Martin Corp.

     45,538         7,433,623  

Raytheon Co.

     30,637         3,026,629  
     

 

 

 
Total Aerospace & Defense               10,511,973  
Banks – 7.5%      

Arrow Financial Corp.

     2,263         59,834  

Bank of Hawaii Corp.

     5,325         322,748  

BankUnited, Inc.

     10,090         350,829  

BB&T Corp.

     68,565         2,754,256  

Bridge Bancorp, Inc.

     1,440         38,463  

Chemical Financial Corp.

     3,276         106,306  

City Holding Co.

     1,982         88,913  

CNB Financial Corp.

     1,715         30,321  

Community Bank System, Inc.

     4,536         176,995  

Community Trust Bancorp, Inc.

     1,805         74,871  

Cullen/Frost Bankers, Inc.

     6,469         501,542  

CVB Financial Corp.

     9,501         151,066  

Financial Institutions, Inc.

     1,910         43,968  

First Busey Corp.

     11,378         65,992  

First Community Bancshares, Inc.

     1,874         30,659  

First Financial Bancorp

     8,091         145,476  

First Financial Corp.

     1,637         55,134  

First Niagara Financial Group, Inc.

     40,765         385,229  

FirstMerit Corp.

     18,435         384,001  

Flushing Financial Corp.

     2,966         62,494  

FNB Corp.

     23,748         318,223  

Fulton Financial Corp.

     18,311         230,352  

Hancock Holding Co.

     7,566         277,294  

JPMorgan Chase & Co.

     382,610         23,228,253  

National Penn Bancshares, Inc.

     20,233         211,435  

NBT Bancorp, Inc.

     5,483         134,114  

Pacific Continental Corp.

     3,584         49,316  

PacWest Bancorp

     4,119         177,158  

Park National Corp.

     2,747         211,217  

Penns Woods Bancorp, Inc.

     611         29,805  

Republic Bancorp, Inc. Class A

     2,354         53,200  

S&T Bancorp, Inc.

     3,023         71,645  

S.Y. Bancorp, Inc.

     1,420         44,929  

Sandy Spring Bancorp, Inc.

     2,200         54,956  

Southside Bancshares, Inc.

     2,187         68,628  

Tompkins Financial Corp.

     1,857         90,919  

TowneBank

     2,800         43,428  

Trustmark Corp.

     8,838         224,043  

Umpqua Holdings Corp.

     12,289         229,067  

United Bankshares, Inc.

     7,916         242,388  

Univest Corp. of Pennsylvania

     2,466         50,602  

Valley National Bancorp

     50,106         521,604  

Washington Banking Co.

     2,709         48,166  

Washington Trust Bancorp, Inc.

     1,905         71,380  

Wells Fargo & Co.

     539,215         26,820,554  

WesBanco, Inc.

     2,931         93,294  

West Bancorp., Inc.

     1,537       23,347  

Westamerica Bancorp.

     2,842         153,695  
     

 

 

 
Total Banks               59,602,109  
Beverages – 2.5%      

Coca-Cola Co. (The)

     473,680         18,312,469  

Dr. Pepper Snapple Group, Inc.

     23,373         1,272,893  
     

 

 

 
Total Beverages               19,585,362  
Biotechnology – 0.0%      

PDL BioPharma, Inc.

     38,662         321,281  
Capital Markets – 0.2%      

Arlington Asset Investment Corp. Class A

     8,895         235,540  

BGC Partners, Inc. Class A

     57,293         374,696  

Calamos Asset Management, Inc. Class A

     3,204         41,428  

Federated Investors, Inc. Class B

     14,442         441,059  

GFI Group, Inc.

     25,095         89,087  

Greenhill & Co., Inc.

     3,623         188,324  

Manning & Napier, Inc.

     1,695         28,425  

Westwood Holdings Group, Inc.

     1,345         84,318  
     

 

 

 
Total Capital Markets               1,482,877  
Chemicals – 1.8%      

Dow Chemical Co. (The)

     136,968         6,655,275  

E.I. du Pont de Nemours & Co.

     102,869         6,902,510  

FutureFuel Corp.

     4,806         97,562  

Innophos Holdings, Inc.

     2,534         143,678  

Kronos Worldwide, Inc.

     16,478         274,853  

Olin Corp.

     8,566         236,507  

Scotts Miracle-Gro Co. (The) Class A

     6,133         375,830  
     

 

 

 
Total Chemicals               14,686,215  
Commercial Services & Supplies – 1.0%      

Covanta Holding Corp.

     17,057         307,879  

Ennis, Inc.

     5,051         83,695  

Iron Mountain, Inc.

     26,976         743,728  

KAR Auction Services, Inc.

     17,436         529,183  

Knoll, Inc.

     6,148         111,832  

McGrath Rentcorp

     2,465         86,176  

Pitney Bowes, Inc.

     27,575         716,674  

Quad Graphics, Inc.

     6,087         142,740  

R.R. Donnelley & Sons Co.

     40,617         727,044  

Republic Services, Inc.

     43,567         1,488,249  

Waste Management, Inc.

     60,166         2,531,183  

West Corp.

     10,055         240,616  
     

 

 

 
Total Commercial Services & Supplies               7,708,999  
Communications Equipment – 1.9%      

Cisco Systems, Inc.

     665,455         14,912,847  

Comtech Telecommunications Corp.

     2,247         71,589  
     

 

 

 
Total Communications Equipment               14,984,436  
Containers & Packaging – 0.2%      

Greif, Inc. Class A

     2,860         150,122  

MeadWestvaco Corp.

     18,720         704,621  

Sonoco Products Co.

     11,967         490,886  
     

 

 

 
Total Containers & Packaging               1,345,629  

 

See Notes to Financial Statements.

 

26   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Diversified Consumer Services – 0.2%      

H&R Block, Inc.

     30,253       $ 913,338  

Hillenbrand, Inc.

     6,660         215,318  

Universal Technical Institute, Inc.

     3,970         51,412  
     

 

 

 
Total Diversified Consumer Services               1,180,068  
Diversified Telecommunication Services – 8.7%      

AT&T, Inc.

     1,059,522         37,157,437  

CenturyLink, Inc.

     154,034         5,058,477  

Consolidated Communications Holdings, Inc.

     12,593         251,986  

Frontier Communications Corp.

     326,557         1,861,375  

Lumos Networks Corp.

     2,220         29,681  

Verizon Communications, Inc.

     479,749         22,821,660  

Windstream Holdings, Inc.

     278,112         2,291,643  
     

 

 

 
Total Diversified Telecommunication Services               69,472,259  
Electric Utilities – 6.7%      

ALLETE, Inc.

     6,027         315,935  

American Electric Power Co., Inc.

     80,369         4,071,494  

Cleco Corp.

     7,230         365,693  

Duke Energy Corp.

     121,044         8,620,754  

Edison International

     36,608         2,072,379  

El Paso Electric Co.

     4,275         152,746  

Empire District Electric Co. (The)

     7,494         182,254  

Entergy Corp.

     36,436         2,435,747  

Exelon Corp.

     146,329         4,910,801  

FirstEnergy Corp.

     110,301         3,753,543  

Great Plains Energy, Inc.

     22,349         604,317  

Hawaiian Electric Industries, Inc.

     18,353         466,533  

IDACORP, Inc.

     6,236         345,911  

MGE Energy, Inc.

     3,453         135,461  

NextEra Energy, Inc.

     52,234         4,994,615  

Northeast Utilities

     42,238         1,921,829  

Otter Tail Corp.

     5,719         176,088  

Pepco Holdings, Inc.

     55,600         1,138,688  

Pinnacle West Capital Corp.

     17,870         976,774  

PNM Resources, Inc.

     7,562         204,401  

Portland General Electric Co.

     10,847         350,792  

PPL Corp.

     119,317         3,954,165  

Southern Co. (The)

     166,768         7,327,786  

UIL Holdings Corp.

     9,880         363,683  

Unitil Corp.

     2,451         80,491  

UNS Energy Corp.

     4,743         284,722  

Westar Energy, Inc.

     20,901         734,879  

Xcel Energy, Inc.

     75,268         2,285,136  
     

 

 

 
Total Electric Utilities               53,227,617  
Electrical Equipment – 0.6%      

Emerson Electric Co.

     69,558         4,646,474  

LSI Industries, Inc.

     2,254         18,460  
     

 

 

 
Total Electrical Equipment               4,664,934  
Electronic Equipment, Instruments & Components – 0.0%      

Daktronics, Inc.

     3,495         50,293  

Electro Rent Corp.

     4,807         84,555  

Electro Scientific Industries, Inc.

     3,302       32,525  
     

 

 

 
Total Electronic Equipment, Instruments & Components         167,373  
Energy Equipment & Services – 0.2%      

Diamond Offshore Drilling, Inc.

     32,897         1,604,058  
Food & Staples Retailing – 0.3%      

Sysco Corp.

     69,225         2,501,099  

Village Super Market, Inc. Class A

     994         26,242  
     

 

 

 
Total Food & Staples Retailing               2,527,341  
Food Products – 1.9%      

B&G Foods, Inc.

     7,780         234,256  

Campbell Soup Co.

     34,604         1,553,027  

ConAgra Foods, Inc.

     50,932         1,580,420  

General Mills, Inc.

     74,499         3,860,538  

Kellogg Co.

     42,211         2,647,052  

Kraft Foods Group, Inc.

     89,939         5,045,578  
     

 

 

 
Total Food Products               14,920,871  
Gas Utilities – 0.5%      

AGL Resources, Inc.

     18,574         909,383  

Atmos Energy Corp.

     11,607         547,038  

Chesapeake Utilities Corp.

     867         54,760  

Laclede Group, Inc. (The)

     4,241         199,963  

New Jersey Resources Corp.

     5,990         298,302  

Northwest Natural Gas Co.

     4,776         210,192  

Piedmont Natural Gas Co., Inc.

     10,990         388,936  

Questar Corp.

     21,381         508,440  

South Jersey Industries, Inc.

     3,990         223,799  

UGI Corp.

     12,431         566,978  

WGL Holdings, Inc.

     8,758         350,845  
     

 

 

 
Total Gas Utilities               4,258,636  
Health Care Equipment & Supplies – 0.6%      

Baxter International, Inc.

     60,650         4,462,627  

Meridian Bioscience, Inc.

     4,829         105,224  
     

 

 

 
Total Health Care Equipment & Supplies               4,567,851  
Health Care Providers & Services – 0.1%      

Kindred Healthcare, Inc.

     4,664         109,231  

Landauer, Inc.

     1,765         80,007  

Select Medical Holdings Corp.

     18,497         230,288  
     

 

 

 
Total Health Care Providers & Services               419,526  
Health Care Technology – 0.0%      

Computer Programs & Systems, Inc.

     1,595         103,037  

Quality Systems, Inc.

     7,771         131,174  
     

 

 

 
Total Health Care Technology               234,211  
Hotels, Restaurants & Leisure – 1.9%      

Cracker Barrel Old Country Store, Inc.

     2,523         245,337  

Darden Restaurants, Inc.

     20,862         1,058,955  

DineEquity, Inc.

     2,331         181,981  

Einstein Noah Restaurant Group, Inc.

     2,069         34,056  

McDonald’s Corp.

     128,621         12,608,717  

Six Flags Entertainment Corp.

     19,421         779,753  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      27   


Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Speedway Motorsports, Inc.

     5,543       $ 103,820  
     

 

 

 
Total Hotels, Restaurants & Leisure               15,012,619  
Household Durables – 0.1%      

Leggett & Platt, Inc.

     21,454         700,259  

M.D.C. Holdings, Inc.

     5,589         158,057  
     

 

 

 
Total Household Durables               858,316  
Household Products – 3.9%      

Clorox Co. (The)

     15,124         1,331,064  

Kimberly-Clark Corp.

     45,356         5,000,499  

Orchids Paper Products Co.

     1,241         37,975  

Procter & Gamble Co. (The)

     304,280         24,524,968  
     

 

 

 
Total Household Products               30,894,506  
Industrial Conglomerates – 3.5%      

General Electric Co.

     1,075,188         27,836,617  
Insurance – 0.5%      

American National Insurance Co.

     2,861         323,436  

Arthur J. Gallagher & Co.

     15,560         740,345  

Baldwin & Lyons, Inc. Class B

     2,263         59,494  

Cincinnati Financial Corp.

     20,704         1,007,457  

Donegal Group, Inc. Class A

     2,843         41,451  

EMC Insurance Group, Inc.

     1,412         50,168  

Erie Indemnity Co. Class A

     5,908         412,142  

Horace Mann Educators Corp.

     3,555         103,095  

Mercury General Corp.

     10,652         480,192  

Old Republic International Corp.

     44,647         732,211  

Safety Insurance Group, Inc.

     2,690         144,856  

Universal Insurance Holdings, Inc.

     3,108         39,472  
     

 

 

 
Total Insurance               4,134,319  
Internet & Catalog Retail – 0.0%      

Nutrisystem, Inc.

     4,701         70,844  

PetMed Express, Inc.

     4,235         56,791  
     

 

 

 
Total Internet & Catalog Retail               127,635  
Internet Software & Services – 0.0%      

EarthLink Holdings Corp.

     13,764         49,688  
IT Services – 0.4%      

Leidos Holdings, Inc.

     9,627         340,507  

ManTech International Corp. Class A

     3,067         90,200  

Paychex, Inc.

     45,609         1,942,943  

Western Union Co. (The)

     62,965         1,030,107  
     

 

 

 
Total IT Services               3,403,757  
Leisure Products – 0.3%      

Hasbro, Inc.

     15,359         854,267  

Mattel, Inc.

     41,472         1,663,442  

Sturm Ruger & Co., Inc.

     2,113         126,357  
     

 

 

 
Total Leisure Products               2,644,066  
Machinery – 0.9%      

Caterpillar, Inc.

     66,407         6,598,864  

Douglas Dynamics, Inc.

     4,230         73,687  

Harsco Corp.

     9,517         222,983  
     

 

 

 
Total Machinery               6,895,534  
Media – 0.3%      

Cablevision Systems Corp. Class A

     29,834       503,300  

Cinemark Holdings, Inc.

     12,308         357,055  

Gannett Co., Inc.

     26,149         721,712  

Harte-Hanks, Inc.

     10,731         94,862  

Meredith Corp.

     4,665         216,596  

National CineMedia, Inc.

     10,679         160,185  

Regal Entertainment Group Class A

     22,417         418,750  

World Wrestling Entertainment, Inc. Class A

     3,893         112,430  
     

 

 

 
Total Media               2,584,890  
Metals & Mining – 1.0%      

Compass Minerals International, Inc.

     3,304         272,646  

Freeport-McMoRan Copper & Gold, Inc.

     141,418         4,676,694  

Gold Resource Corp.

     14,818         70,830  

Newmont Mining Corp.

     63,464         1,487,596  

Nucor Corp.

     34,989         1,768,344  
     

 

 

 
Total Metals & Mining               8,276,110  
Multi-Utilities – 4.0%      

Alliant Energy Corp.

     15,522         881,805  

Ameren Corp.

     41,762         1,720,594  

Avista Corp.

     10,130         310,485  

Black Hills Corp.

     5,085         293,150  

CenterPoint Energy, Inc.

     59,617         1,412,327  

CMS Energy Corp.

     39,074         1,144,087  

Consolidated Edison, Inc.

     49,807         2,672,146  

Dominion Resources, Inc.

     77,474         5,499,879  

DTE Energy Co.

     26,871         1,996,247  

Integrys Energy Group, Inc.

     15,279         911,392  

NiSource, Inc.

     38,337         1,362,114  

NorthWestern Corp.

     5,200         246,636  

PG&E Corp.

     76,379         3,299,573  

Public Service Enterprise Group, Inc.

     86,790         3,310,171  

SCANA Corp.

     23,079         1,184,414  

Sempra Energy

     26,839         2,596,942  

TECO Energy, Inc.

     42,933         736,301  

Vectren Corp.

     12,998         511,991  

Wisconsin Energy Corp.

     30,948         1,440,629  
     

 

 

 
Total Multi-Utilities               31,530,883  
Oil, Gas & Consumable Fuels – 7.3%      

Arch Coal, Inc.

     20,989         101,167  

Chevron Corp.

     242,474         28,832,583  

Comstock Resources, Inc.

     4,846         110,731  

ConocoPhillips

     186,483         13,119,079  

CVR Energy, Inc.

     24,688         1,043,068  

Evolution Petroleum Corp.

     3,278         41,729  

EXCO Resources, Inc.

     38,431         215,213  

Kinder Morgan, Inc.

     189,717         6,163,905  

PBF Energy, Inc. Class A

     5,302         136,792  

Spectra Energy Corp.

     93,823         3,465,822  

Targa Resources Corp.

     4,530         449,648  

Williams Cos., Inc. (The)

     104,465         4,239,190  
     

 

 

 
Total Oil, Gas & Consumable Fuels               57,918,927  

 

See Notes to Financial Statements.

 

28   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Paper & Forest Products – 0.3%      

International Paper Co.

     48,114       $ 2,207,470  
Pharmaceuticals – 13.3%      

AbbVie, Inc.

     179,618         9,232,365  

Bristol-Myers Squibb Co.

     167,967         8,725,886  

Eli Lilly & Co.

     167,549         9,861,934  

Johnson & Johnson

     308,168         30,271,343  

Merck & Co., Inc.

     393,922         22,362,952  

Pfizer, Inc.

     791,661         25,428,151  
     

 

 

 
Total Pharmaceuticals               105,882,631  
Professional Services – 0.0%      

Acacia Research Corp.

     6,334         96,784  

CDI Corp.

     1,990         34,129  

Heidrick & Struggles International, Inc.

     2,494         50,055  
     

 

 

 
Total Professional Services               180,968  
Real Estate Investment Trusts (REITs) – 10.4%      

Acadia Realty Trust

     6,818         179,859  

Agree Realty Corp.

     3,135         95,335  

Alexander’s, Inc.

     802         289,514  

Alexandria Real Estate Equities, Inc.

     11,289         819,130  

American Campus Communities, Inc.

     16,346         610,523  

American Realty Capital Properties, Inc.

     151,143         2,119,025  

AmREIT, Inc.

     3,272         54,217  

Apartment Investment & Management Co. Class A

     20,794         628,395  

Ashford Hospitality Trust, Inc.

     17,331         195,320  

Associated Estates Realty Corp.

     9,574         162,184  

AvalonBay Communities, Inc.

     17,776         2,334,344  

Aviv REIT, Inc.

     7,709         188,485  

BioMed Realty Trust, Inc.

     36,234         742,435  

Brandywine Realty Trust

     26,097         377,363  

BRE Properties, Inc.

     7,659         480,832  

Camden Property Trust

     13,996         942,491  

Campus Crest Communities, Inc.

     16,658         144,592  

CBL & Associates Properties, Inc.

     32,543         577,638  

Cedar Realty Trust, Inc.

     12,232         74,738  

Chambers Street Properties

     53,685         417,132  

Chatham Lodging Trust

     3,768         76,189  

Chesapeake Lodging Trust

     7,343         188,935  

CommonWealth REIT

     19,450         511,535  

CoreSite Realty Corp.

     3,380         104,780  

Corporate Office Properties Trust

     15,802         420,965  

Corrections Corp. of America

     26,083         816,920  

CyrusOne, Inc.

     2,216         46,159  

DCT Industrial Trust, Inc.

     50,770         400,068  

DDR Corp.

     49,065         808,591  

DiamondRock Hospitality Co.

     22,512         264,516  

Digital Realty Trust, Inc.

     33,113         1,757,638  

Douglas Emmett, Inc.

     18,687         507,165  

Duke Realty Corp.

     57,756         974,921  

DuPont Fabros Technology, Inc.

     10,155         244,431  

EastGroup Properties, Inc.

     5,059         318,262  

Education Realty Trust, Inc.

     21,426         211,475  

EPR Properties

     12,921         689,852  

Equity One, Inc.

     18,301       408,844  

Equity Residential

     42,173         2,445,612  

Essex Property Trust, Inc.

     4,506         766,245  

Excel Trust, Inc.

     9,596         121,677  

Extra Space Storage, Inc.

     17,289         838,689  

Federal Realty Investment Trust

     7,178         823,460  

First Potomac Realty Trust

     14,616         188,839  

Franklin Street Properties Corp.

     23,630         297,738  

Geo Group, Inc. (The)

     17,301         557,784  

Getty Realty Corp.

     4,946         93,430  

Gladstone Commercial Corp.

     4,154         72,030  

Glimcher Realty Trust

     21,961         220,269  

Government Properties Income Trust

     17,104         431,021  

HCP, Inc.

     99,787         3,870,738  

Health Care REIT, Inc.

     61,340         3,655,864  

Healthcare Realty Trust, Inc.

     20,073         484,763  

Healthcare Trust of America, Inc. Class A

     36,336         413,867  

Hersha Hospitality Trust

     33,475         195,159  

Highwoods Properties, Inc.

     17,196         660,498  

Home Properties, Inc.

     11,122         668,655  

Hospitality Properties Trust

     39,902         1,145,985  

Inland Real Estate Corp.

     26,229         276,716  

Investors Real Estate Trust

     23,430         210,401  

Kimco Realty Corp.

     69,014         1,510,026  

Kite Realty Group Trust

     17,946         107,676  

LaSalle Hotel Properties

     13,848         433,581  

Lexington Realty Trust

     54,099         590,220  

Liberty Property Trust

     30,473         1,126,282  

LTC Properties, Inc.

     7,087         266,684  

Macerich Co. (The)

     23,451         1,461,701  

Mack-Cali Realty Corp.

     18,810         391,060  

Medical Properties Trust, Inc.

     40,926         523,444  

Mid-America Apartment Communities, Inc.

     13,016         888,602  

Monmouth Real Estate Investment Corp. Class A

     10,697         102,049  

National Health Investors, Inc.

     5,407         326,907  

National Retail Properties, Inc.

     24,003         823,783  

Omega Healthcare Investors, Inc.

     29,688         995,142  

One Liberty Properties, Inc.

     3,927         83,724  

Parkway Properties, Inc.

     10,538         192,319  

Pennsylvania Real Estate Investment Trust

     10,632         191,908  

Piedmont Office Realty Trust, Inc. Class A

     33,526         574,971  

Plum Creek Timber Co., Inc.

     26,508         1,114,396  

Post Properties, Inc.

     5,418         266,024  

Potlatch Corp.

     4,159         160,912  

Prologis, Inc.

     57,566         2,350,420  

Public Storage

     24,291         4,092,791  

Ramco-Gershenson Properties Trust

     12,043         196,301  

Rayonier, Inc.

     21,775         999,690  

Realty Income Corp.

     42,677         1,743,782  

Regency Centers Corp.

     14,016         715,657  

Retail Opportunity Investments Corp.

     10,965         163,817  

Retail Properties of America, Inc. Class A

     44,622         604,182  

RLJ Lodging Trust

     15,778         421,904  

Ryman Hospitality Properties, Inc.

     8,251         350,833  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      29   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Equity Income Fund (DHS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Sabra Health Care REIT, Inc.

     7,585       $ 211,546  

Saul Centers, Inc.

     2,913         137,960  

Select Income REIT

     12,634         382,431  

Senior Housing Properties Trust

     49,285         1,107,434  

Simon Property Group, Inc.

     36,841         6,041,924  

Sovran Self Storage, Inc.

     3,589         263,612  

Spirit Realty Capital, Inc.

     77,382         849,654  

STAG Industrial, Inc.

     9,941         239,578  

Summit Hotel Properties, Inc.

     16,097         149,380  

Sun Communities, Inc.

     8,002         360,810  

Taubman Centers, Inc.

     6,789         480,593  

Terreno Realty Corp.

     2,570         48,599  

UDR, Inc.

     38,359         990,813  

Universal Health Realty Income Trust

     2,771         117,047  

Urstadt Biddle Properties, Inc. Class A

     5,676         117,266  

Ventas, Inc.

     51,867         3,141,584  

Vornado Realty Trust

     23,366         2,302,953  

Washington Real Estate Investment Trust

     13,188         314,929  

Weingarten Realty Investors

     22,361         670,830  

Weyerhaeuser Co.

     62,738         1,841,360  

Whitestone REIT

     7,040         101,658  

Winthrop Realty Trust

     9,926         115,042  

WP Carey, Inc.

     14,360         862,605  
     

 

 

 
Total Real Estate Investment Trusts (REITs)               83,244,634  
Road & Rail – 0.0%      

Landstar System, Inc.

     5,599         331,573  
Semiconductors & Semiconductor Equipment – 3.4%      

Brooks Automation, Inc.

     7,972         87,134  

Intel Corp.

     680,397         17,561,046  

Intersil Corp. Class A

     20,867         269,601  

KLA-Tencor Corp.

     18,434         1,274,527  

Maxim Integrated Products, Inc.

     39,789         1,317,812  

Microchip Technology, Inc.

     25,629         1,224,041  

Texas Instruments, Inc.

     116,831         5,508,582  
     

 

 

 
Total Semiconductors & Semiconductor Equipment         27,242,743  
Software – 5.3%      

American Software, Inc. Class A

     3,382         34,395  

CA, Inc.

     53,835         1,667,270  

Compuware Corp.

     33,611         352,916  

Microsoft Corp.

     979,633         40,155,157  
     

 

 

 
Total Software               42,209,738  
Specialty Retail – 0.2%      

American Eagle Outfitters, Inc.

     23,271         284,837  

Staples, Inc.

     78,351         888,500  
     

 

 

 
Total Specialty Retail               1,173,337  
Technology Hardware, Storage & Peripherals – 0.1%      

Diebold, Inc.

     8,663         345,567  

Lexmark International, Inc. Class A

     8,865         410,361  
     

 

 

 
Total Technology Hardware, Storage & Peripherals         755,928  
Thrifts & Mortgage Finance – 0.4%      

Banc of California, Inc.

     2,174       26,675  

Berkshire Hills Bancorp, Inc.

     2,335         60,430  

Brookline Bancorp, Inc.

     11,241         105,890  

Dime Community Bancshares, Inc.

     4,774         81,063  

New York Community Bancorp, Inc.

     103,676         1,666,073  

Northwest Bancshares, Inc.

     12,870         187,902  

OceanFirst Financial Corp.

     2,528         44,720  

Oritani Financial Corp.

     7,939         125,516  

People’s United Financial, Inc.

     54,437         809,478  

Provident Financial Services, Inc.

     7,400         135,938  

Rockville Financial, Inc.

     2,516         34,192  

TrustCo Bank Corp.

     13,546         95,364  

United Financial Bancorp, Inc.

     1,582         29,093  
     

 

 

 
Total Thrifts & Mortgage Finance               3,402,334  
Tobacco – 5.8%      

Altria Group, Inc.

     385,855         14,442,553  

Lorillard, Inc.

     62,574         3,384,002  

Philip Morris International, Inc.

     270,114         22,114,233  

Reynolds American, Inc.

     107,170         5,725,021  

Universal Corp.

     3,445         192,541  

Vector Group Ltd.

     33,603         723,809  
     

 

 

 
Total Tobacco               46,582,159  
Trading Companies & Distributors – 0.0%      

Houston Wire & Cable Co.

     2,128         27,941  

TAL International Group, Inc.*

     6,728         288,429  
     

 

 

 
Total Trading Companies & Distributors               316,370  
Water Utilities – 0.0%      

American States Water Co.

     3,765         121,572  

California Water Service Group

     5,308         127,073  

Connecticut Water Service, Inc.

     1,092         37,314  

Middlesex Water Co.

     2,809         61,292  
     

 

 

 
Total Water Utilities               347,251  
Wireless Telecommunication Services – 0.0%      

NTELOS Holdings Corp.

     7,067         95,404  

USA Mobility, Inc.

     3,975         72,226  
     

 

 

 
Total Wireless Telecommunication Services               167,630  
TOTAL COMMON STOCKS
(Cost: $685,334,450)
              793,686,259  
EXCHANGE-TRADED FUND – 0.3%      
WisdomTree Total Dividend Fund(a)
(Cost: $1,958,606)
     29,659         2,023,930  
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $687,293,056)
        795,710,189  

Other Assets in Excess of Liabilities – 0.2%

        1,884,762  
     

 

 

 
NET ASSETS – 100.0%             $ 797,594,951  
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

30   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.8%      
COMMON STOCKS – 99.8%      
Aerospace & Defense – 3.0%      

Boeing Co. (The)

     62,143       $ 7,798,325  

General Dynamics Corp.

     48,234         5,253,647  

Honeywell International, Inc.

     91,367         8,475,203  

Lockheed Martin Corp.

     67,977         11,096,566  

Northrop Grumman Corp.

     28,043         3,459,945  

Precision Castparts Corp.

     416         105,148  

Raytheon Co.

     45,535         4,498,403  

United Technologies Corp.

     112,648         13,161,792  
     

 

 

 
Total Aerospace & Defense               53,849,029  
Air Freight & Logistics – 0.6%      

FedEx Corp.

     7,830         1,037,945  

United Parcel Service, Inc. Class B

     98,639         9,605,466  
     

 

 

 
Total Air Freight & Logistics               10,643,411  
Airlines – 0.1%      

Delta Air Lines, Inc.

     41,922         1,452,597  

Southwest Airlines Co.

     33,065         780,665  
     

 

 

 
Total Airlines               2,233,262  
Auto Components – 0.2%      

BorgWarner, Inc.

     11,273         692,951  

Johnson Controls, Inc.

     58,719         2,778,583  
     

 

 

 
Total Auto Components               3,471,534  
Automobiles – 0.5%      

Ford Motor Co.

     557,366         8,694,909  

Harley-Davidson, Inc.

     14,966         996,885  
     

 

 

 
Total Automobiles               9,691,794  
Banks – 5.9%      

Bank of America Corp.

     156,235         2,687,242  

BB&T Corp.

     101,159         4,063,557  

CIT Group, Inc.

     8,726         427,749  

Citigroup, Inc.

     13,379         636,840  

Fifth Third Bancorp

     118,214         2,713,011  

JPMorgan Chase & Co.

     567,961         34,480,912  

KeyCorp

     82,279         1,171,653  

M&T Bank Corp.

     18,241         2,212,633  

PNC Financial Services Group, Inc.

     70,672         6,148,464  

Regions Financial Corp.

     96,432         1,071,360  

SunTrust Banks, Inc.

     33,700         1,340,923  

U.S. Bancorp

     238,429         10,219,067  

Wells Fargo & Co.

     798,399         39,712,366  
     

 

 

 
Total Banks               106,885,777  
Beverages – 2.7%      

Beam, Inc.

     12,386         1,031,754  

Coca-Cola Co. (The)

     702,350         27,152,851  

Coca-Cola Enterprises, Inc.

     28,059         1,340,098  

PepsiCo, Inc.

     243,643         20,344,190  
     

 

 

 
Total Beverages               49,868,893  
Biotechnology – 0.5%      

Amgen, Inc.

     71,460         8,813,876  
Capital Markets – 1.8%      

Ameriprise Financial, Inc.

     20,915       2,302,114  

Bank of New York Mellon Corp. (The)

     115,995         4,093,464  

BlackRock, Inc.

     20,797         6,540,240  

Charles Schwab Corp. (The)

     69,736         1,905,885  

Franklin Resources, Inc.

     25,720         1,393,510  

Goldman Sachs Group, Inc. (The)

     32,897         5,390,174  

Morgan Stanley

     71,331         2,223,387  

Northern Trust Corp.

     28,494         1,868,067  

State Street Corp.

     36,831         2,561,596  

T. Rowe Price Group, Inc.

     27,294         2,247,661  

TD Ameritrade Holding Corp.

     50,314         1,708,160  
     

 

 

 
Total Capital Markets               32,234,258  
Chemicals – 2.4%      

Air Products & Chemicals, Inc.

     31,718         3,775,711  

CF Industries Holdings, Inc.

     5,629         1,467,143  

Dow Chemical Co. (The)

     204,432         9,933,351  

E.I. du Pont de Nemours & Co.

     153,628         10,308,439  

Eastman Chemical Co.

     14,038         1,210,216  

Ecolab, Inc.

     15,243         1,646,092  

FMC Corp.

     5,596         428,430  

Monsanto Co.

     45,320         5,156,056  

Mosaic Co. (The)

     37,540         1,877,000  

PPG Industries, Inc.

     10,764         2,082,403  

Praxair, Inc.

     31,996         4,190,516  

Sherwin-Williams Co. (The)

     6,392         1,260,055  

Sigma-Aldrich Corp.

     6,996         653,286  
     

 

 

 
Total Chemicals               43,988,698  
Commercial Services & Supplies – 0.3%      

Republic Services, Inc.

     64,512         2,203,730  

Waste Management, Inc.

     89,102         3,748,521  
     

 

 

 
Total Commercial Services & Supplies               5,952,251  
Communications Equipment – 2.1%      

Cisco Systems, Inc.

     982,496         22,017,735  

Motorola Solutions, Inc.

     27,941         1,796,327  

QUALCOMM, Inc.

     182,886         14,422,390  
     

 

 

 
Total Communications Equipment               38,236,452  
Construction & Engineering – 0.0%      

Fluor Corp.

     7,722         600,231  
Consumer Finance – 0.7%      

American Express Co.

     65,761         5,920,463  

Capital One Financial Corp.

     52,439         4,046,193  

Discover Financial Services

     39,512         2,299,203  

SLM Corp.

     57,769         1,414,185  
     

 

 

 
Total Consumer Finance               13,680,044  
Distributors – 0.1%      

Genuine Parts Co.

     23,197         2,014,660  
Diversified Financial Services – 0.4%      

CME Group, Inc.

     41,185         3,048,102  

Leucadia National Corp.

     18,074         506,072  

McGraw Hill Financial, Inc.

     23,405         1,785,801  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      31   


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Moody’s Corp.

     16,254       $ 1,289,267  
     

 

 

 
Total Diversified Financial Services               6,629,242  
Diversified Telecommunication Services – 5.3%      

AT&T, Inc.

     1,574,426         55,215,120  

CenturyLink, Inc.

     228,618         7,507,815  

Verizon Communications, Inc.

     712,598         33,898,287  
     

 

 

 
Total Diversified Telecommunication Services         96,621,222  
Electric Utilities – 3.8%      

American Electric Power Co., Inc.

     119,085         6,032,846  

Duke Energy Corp.

     179,755         12,802,151  

Edison International

     54,187         3,067,526  

Entergy Corp.

     54,030         3,611,906  

Exelon Corp.

     219,292         7,359,440  

FirstEnergy Corp.

     162,509         5,530,181  

NextEra Energy, Inc.

     77,334         7,394,677  

Northeast Utilities

     62,641         2,850,166  

PPL Corp.

     177,047         5,867,338  

Southern Co. (The)

     247,370         10,869,438  

Xcel Energy, Inc.

     111,490         3,384,836  
     

 

 

 
Total Electric Utilities               68,770,505  
Electrical Equipment – 0.5%      

AMETEK, Inc.

     6,579         338,753  

Emerson Electric Co.

     103,420         6,908,456  

Rockwell Automation, Inc.

     16,495         2,054,452  

Roper Industries, Inc.

     2,587         345,391  
     

 

 

 
Total Electrical Equipment               9,647,052  
Electronic Equipment, Instruments & Components – 0.3%   

Amphenol Corp. Class A

     8,187         750,338  

Corning, Inc.

     190,622         3,968,750  
     

 

 

 
Total Electronic Equipment, Instruments & Components         4,719,088  
Energy Equipment & Services – 0.4%      

Baker Hughes, Inc.

     28,358         1,843,837  

Halliburton Co.

     57,844         3,406,433  

National Oilwell Varco, Inc.

     32,099         2,499,549  
     

 

 

 
Total Energy Equipment & Services               7,749,819  
Food & Staples Retailing – 3.2%      

Costco Wholesale Corp.

     26,002         2,903,903  

CVS Caremark Corp.

     87,563         6,554,966  

Kroger Co. (The)

     49,227         2,148,759  

Sysco Corp.

     102,486         3,702,819  

Walgreen Co.

     119,258         7,874,606  

Wal-Mart Stores, Inc.

     444,596         33,980,472  

Whole Foods Market, Inc.

     16,869         855,427  
     

 

 

 
Total Food & Staples Retailing               58,020,952  
Food Products – 2.0%      

Archer-Daniels-Midland Co.

     66,635         2,891,293  

Campbell Soup Co.

     51,404         2,307,012  

ConAgra Foods, Inc.

     75,430         2,340,593  

General Mills, Inc.

     110,339         5,717,767  

Hershey Co. (The)

     19,248         2,009,491  

Hormel Foods Corp.

     23,007       1,133,555  

J.M. Smucker Co. (The)

     13,696         1,331,799  

Kellogg Co.

     62,572         3,923,890  

Kraft Foods Group, Inc.

     134,603         7,551,228  

Mead Johnson Nutrition Co.

     19,070         1,585,480  

Mondelez International, Inc. Class A

     162,156         5,602,490  
     

 

 

 
Total Food Products               36,394,598  
Health Care Equipment & Supplies – 1.6%      

Abbott Laboratories

     204,830         7,888,003  

Baxter International, Inc.

     89,754         6,604,099  

Becton Dickinson and Co.

     20,331         2,380,353  

C.R. Bard, Inc.

     2,822         417,600  

Medtronic, Inc.

     110,739         6,814,878  

St. Jude Medical, Inc.

     27,864         1,822,027  

Stryker Corp.

     30,599         2,492,901  

Zimmer Holdings, Inc.

     8,431         797,404  
     

 

 

 
Total Health Care Equipment & Supplies               29,217,265  
Health Care Providers & Services – 1.0%      

Aetna, Inc.

     25,014         1,875,300  

AmerisourceBergen Corp.

     17,928         1,175,898  

Cardinal Health, Inc.

     35,611         2,492,058  

Cigna Corp.

     788         65,979  

Humana, Inc.

     9,604         1,082,563  

McKesson Corp.

     7,898         1,394,550  

UnitedHealth Group, Inc.

     88,572         7,262,018  

WellPoint, Inc.

     28,431         2,830,306  
     

 

 

 
Total Health Care Providers & Services               18,178,672  
Hotels, Restaurants & Leisure – 2.1%      

Las Vegas Sands Corp.

     83,934         6,780,188  

Marriott International, Inc. Class A

     24,190         1,355,124  

McDonald’s Corp.

     191,078         18,731,376  

Starbucks Corp.

     57,439         4,214,874  

Starwood Hotels & Resorts Worldwide, Inc.

     18,994         1,511,922  

Wynn Resorts Ltd.

     12,257         2,722,893  

Yum! Brands, Inc.

     51,505         3,882,962  
     

 

 

 
Total Hotels, Restaurants & Leisure               39,199,339  
Household Durables – 0.1%      

Whirlpool Corp.

     7,221         1,079,251  
Household Products – 2.9%      

Clorox Co. (The)

     22,372         1,968,959  

Colgate-Palmolive Co.

     111,349         7,223,209  

Kimberly-Clark Corp.

     67,383         7,428,976  

Procter & Gamble Co. (The)

     452,483         36,470,130  
     

 

 

 
Total Household Products               53,091,274  
Independent Power and Renewable Electricity Producers – 0.0%   

AES Corp. (The)

     59,361         847,675  
Industrial Conglomerates – 2.8%      

3M Co.

     72,294         9,807,404  

Danaher Corp.

     5,235         392,625  

General Electric Co.

     1,599,573         41,412,945  
     

 

 

 
Total Industrial Conglomerates               51,612,974  

 

See Notes to Financial Statements.

 

32   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Insurance – 2.1%      

Aflac, Inc.

     59,127       $ 3,727,366  

Allstate Corp. (The)

     49,281         2,788,319  

American International Group, Inc.

     64,872         3,244,249  

Chubb Corp. (The)

     27,249         2,433,336  

CNA Financial Corp.

     29,460         1,258,531  

Hartford Financial Services Group, Inc.

     42,921         1,513,824  

Lincoln National Corp.

     18,113         917,786  

Loews Corp.

     12,407         546,528  

Marsh & McLennan Cos., Inc.

     65,279         3,218,255  

MetLife, Inc.

     135,092         7,132,857  

Principal Financial Group, Inc.

     36,327         1,670,679  

Progressive Corp. (The)

     37,321         903,914  

Prudential Financial, Inc.

     61,776         5,229,338  

Travelers Cos., Inc. (The)

     47,137         4,011,359  
     

 

 

 
Total Insurance               38,596,341  
IT Services – 2.3%      

Automatic Data Processing, Inc.

     66,862         5,165,758  

Fidelity National Information Services, Inc.

     28,237         1,509,268  

International Business Machines Corp.

     130,693         25,157,096  

MasterCard, Inc. Class A

     19,604         1,464,419  

Paychex, Inc.

     67,455         2,873,583  

Visa, Inc. Class A

     21,895         4,726,255  

Xerox Corp.

     139,638         1,577,909  
     

 

 

 
Total IT Services               42,474,288  
Leisure Products – 0.1%      

Mattel, Inc.

     60,487         2,426,134  
Life Sciences Tools & Services – 0.1%      

Agilent Technologies, Inc.

     15,692         877,497  

Thermo Fisher Scientific, Inc.

     11,793         1,417,990  
     

 

 

 
Total Life Sciences Tools & Services               2,295,487  
Machinery – 1.6%      

Caterpillar, Inc.

     98,069         9,745,117  

Cummins, Inc.

     19,569         2,915,585  

Deere & Co.

     49,565         4,500,502  

Dover Corp.

     15,954         1,304,239  

Flowserve Corp.

     5,780         452,805  

Illinois Tool Works, Inc.

     52,529         4,272,184  

PACCAR, Inc.

     28,095         1,894,727  

Parker Hannifin Corp.

     12,578         1,505,712  

Stanley Black & Decker, Inc.

     22,000         1,787,280  
     

 

 

 
Total Machinery               28,378,151  
Media – 2.2%      

CBS Corp. Class B

     26,062         1,610,632  

Comcast Corp. Class A

     188,808         9,444,176  

Comcast Corp. Special Class A

     43,381         2,115,258  

Omnicom Group, Inc.

     33,215         2,411,409  

Time Warner Cable, Inc.

     31,209         4,281,251  

Time Warner, Inc.

     88,256         5,765,764  

Twenty-First Century Fox, Inc. Class A

     62,877         2,010,178  

Twenty-First Century Fox, Inc. Class B

     34,671         1,078,961  

Viacom, Inc. Class B

     35,221         2,993,433  

Walt Disney Co. (The)

     107,431       8,602,000  
     

 

 

 
Total Media               40,313,062  
Metals & Mining – 0.8%      

Freeport-McMoRan Copper & Gold, Inc.

     209,293         6,921,320  

Newmont Mining Corp.

     96,669         2,265,921  

Nucor Corp.

     51,705         2,613,171  

Southern Copper Corp.

     88,153         2,566,134  
     

 

 

 
Total Metals & Mining               14,366,546  
Multiline Retail – 0.6%      

Kohl’s Corp.

     31,732         1,802,378  

Macy’s, Inc.

     41,206         2,443,104  

Nordstrom, Inc.

     21,598         1,348,795  

Target Corp.

     96,791         5,856,823  
     

 

 

 
Total Multiline Retail               11,451,100  
Multi-Utilities – 1.8%      

CenterPoint Energy, Inc.

     88,200         2,089,458  

Consolidated Edison, Inc.

     73,839         3,961,462  

Dominion Resources, Inc.

     115,033         8,166,193  

DTE Energy Co.

     39,777         2,955,033  

NiSource, Inc.

     54,857         1,949,069  

PG&E Corp.

     113,326         4,895,683  

Public Service Enterprise Group, Inc.

     128,665         4,907,283  

Sempra Energy

     39,723         3,843,598  
     

 

 

 
Total Multi-Utilities               32,767,779  
Oil, Gas & Consumable Fuels – 10.3%      

Anadarko Petroleum Corp.

     25,534         2,164,262  

Apache Corp.

     21,066         1,747,425  

Cabot Oil & Gas Corp.

     5,229         177,158  

Chesapeake Energy Corp.

     50,313         1,289,019  

Chevron Corp.

     359,591         42,758,966  

ConocoPhillips

     277,648         19,532,537  

Devon Energy Corp.

     34,235         2,291,348  

EOG Resources, Inc.

     7,247         1,421,644  

EQT Corp.

     1,557         150,982  

Exxon Mobil Corp.

     629,426         61,482,332  

Hess Corp.

     23,482         1,946,188  

Kinder Morgan, Inc.

     282,214         9,169,133  

Marathon Oil Corp.

     86,633         3,077,204  

Marathon Petroleum Corp.

     33,170         2,887,117  

Murphy Oil Corp.

     21,450         1,348,347  

Noble Energy, Inc.

     17,040         1,210,521  

Occidental Petroleum Corp.

     127,099         12,111,264  

ONEOK, Inc.

     30,101         1,783,484  

Phillips 66

     71,729         5,527,437  

Pioneer Natural Resources Co.

     356         66,622  

Range Resources Corp.

     2,228         184,857  

Spectra Energy Corp.

     138,875         5,130,043  

Valero Energy Corp.

     57,576         3,057,286  

Williams Cos., Inc. (The)

     154,892         6,285,517  
     

 

 

 
Total Oil, Gas & Consumable Fuels               186,800,693  
Paper & Forest Products – 0.2%      

International Paper Co.

     70,547         3,236,696  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      33   


Table of Contents

Schedule of Investments (concluded)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Personal Products – 0.1%      

Estee Lauder Cos., Inc. (The) Class A

     14,608       $ 976,983  
Pharmaceuticals – 8.7%      

AbbVie, Inc.

     267,953         13,772,784  

Allergan, Inc.

     3,834         475,799  

Bristol-Myers Squibb Co.

     248,576         12,913,523  

Eli Lilly & Co.

     248,800         14,644,368  

Johnson & Johnson

     459,154         45,102,698  

Merck & Co., Inc.

     586,503         33,295,775  

Pfizer, Inc.

     1,180,872         37,929,609  

Zoetis, Inc. Class A

     22,366         647,272  
     

 

 

 
Total Pharmaceuticals               158,781,828  
Real Estate Investment Trusts (REITs) – 3.3%      

American Tower Corp.

     31,983         2,618,448  

AvalonBay Communities, Inc.

     26,100         3,427,452  

Boston Properties, Inc.

     21,899         2,508,092  

Crown Castle International Corp.

     35,856         2,645,456  

Equity Residential

     61,928         3,591,205  

General Growth Properties, Inc.

     141,161         3,105,542  

HCP, Inc.

     146,950         5,700,190  

Health Care REIT, Inc.

     91,425         5,448,930  

Host Hotels & Resorts, Inc.

     109,082         2,207,820  

Prologis, Inc.

     85,314         3,483,371  

Public Storage

     35,839         6,038,513  

Simon Property Group, Inc.

     54,445         8,928,980  

Ventas, Inc.

     77,226         4,677,579  

Vornado Realty Trust

     34,566         3,406,825  

Weyerhaeuser Co.

     92,365         2,710,913  
     

 

 

 
Total Real Estate Investment Trusts (REITs)               60,499,316  
Road & Rail – 1.0%      

CSX Corp.

     124,810         3,615,746  

Kansas City Southern

     4,521         461,413  

Norfolk Southern Corp.

     40,729         3,957,637  

Union Pacific Corp.

     50,793         9,531,814  
     

 

 

 
Total Road & Rail               17,566,610  
Semiconductors & Semiconductor Equipment – 2.6%   

Altera Corp.

     34,029         1,233,211  

Analog Devices, Inc.

     48,217         2,562,251  

Applied Materials, Inc.

     162,075         3,309,572  

Broadcom Corp. Class A

     44,116         1,388,772  

Intel Corp.

     1,015,857         26,219,269  

KLA-Tencor Corp.

     27,299         1,887,453  

Texas Instruments, Inc.

     173,122         8,162,702  

Xilinx, Inc.

     32,992         1,790,476  
     

 

 

 
Total Semiconductors & Semiconductor Equipment         46,553,706  
Software – 4.5%      

Activision Blizzard, Inc.

     45,264         925,196  

CA, Inc.

     79,728         2,469,176  

Intuit, Inc.

     16,773         1,303,765  

Microsoft Corp.

     1,456,440         59,699,476  

Oracle Corp.

     361,566         14,791,665  

Symantec Corp.

     99,631       1,989,631  
     

 

 

 
Total Software               81,178,909  
Specialty Retail – 1.5%      

Best Buy Co., Inc.

     30,633         809,018  

Gap, Inc. (The)

     54,757         2,193,565  

Home Depot, Inc. (The)

     158,643         12,553,421  

L Brands, Inc.

     31,723         1,800,915  

Lowe’s Cos., Inc.

     89,742         4,388,384  

Ross Stores, Inc.

     11,475         821,036  

Staples, Inc.

     115,868         1,313,943  

Tiffany & Co.

     10,532         907,332  

TJX Cos., Inc. (The)

     37,880         2,297,422  

Tractor Supply Co.

     5,377         379,777  
     

 

 

 
Total Specialty Retail               27,464,813  
Technology Hardware, Storage & Peripherals – 4.3%   

Apple, Inc.

     113,166         60,740,719  

EMC Corp.

     200,550         5,497,075  

Hewlett-Packard Co.

     235,172         7,610,166  

NetApp, Inc.

     28,205         1,040,764  

SanDisk Corp.

     16,360         1,328,268  

Western Digital Corp.

     20,024         1,838,604  
     

 

 

 
Total Technology Hardware, Storage & Peripherals         78,055,596  
Textiles, Apparel & Luxury Goods – 0.5%      

Coach, Inc.

     38,437         1,908,781  

NIKE, Inc. Class B

     43,953         3,246,369  

PVH Corp.

     482         60,139  

Ralph Lauren Corp.

     3,241         521,574  

VF Corp.

     44,294         2,740,913  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               8,477,776  
Tobacco – 3.7%      

Altria Group, Inc.

     574,452         21,501,738  

Lorillard, Inc.

     92,826         5,020,030  

Philip Morris International, Inc.

     400,038         32,751,111  

Reynolds American, Inc.

     159,089         8,498,535  
     

 

 

 
Total Tobacco               67,771,414  
Trading Companies & Distributors – 0.2%      

Fastenal Co.

     35,006         1,726,496  

W.W. Grainger, Inc.

     5,823         1,471,239  
     

 

 

 
Total Trading Companies & Distributors               3,197,735  
TOTAL COMMON STOCKS
(Cost: $1,502,144,346)
              1,817,574,061  
EXCHANGE-TRADED FUND – 0.0%      

WisdomTree Total Dividend Fund(a)

     
(Cost: $1,123,851)      16,719         1,140,905  
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $1,503,268,197)
        1,818,714,966  

Other Assets in Excess of Liabilities – 0.2%

        3,170,994  
     

 

 

 
NET ASSETS – 100.0%             $ 1,821,885,960  
(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

34   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree Dividend ex-Financials Fund (DTN)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 99.9%      
COMMON STOCKS – 99.7%      
Aerospace & Defense – 3.5%      

General Dynamics Corp.

     104,089       $ 11,337,374  

Lockheed Martin Corp.

     102,510         16,733,732  

Raytheon Co.

     110,534         10,919,654  
     

 

 

 
Total Aerospace & Defense               38,990,760  
Air Freight & Logistics – 0.8%      

United Parcel Service, Inc. Class B

     91,049         8,866,352  
Beverages – 1.2%      

Dr. Pepper Snapple Group, Inc.

     247,117         13,457,992  
Chemicals – 5.4%      

Air Products & Chemicals, Inc.

     92,998         11,070,482  

CF Industries Holdings, Inc.

     30,774         8,020,935  

Dow Chemical Co. (The)

     281,041         13,655,782  

E.I. du Pont de Nemours & Co.

     179,474         12,042,706  

Mosaic Co. (The)

     177,993         8,899,650  

Praxair, Inc.

     57,920         7,585,782  
     

 

 

 
Total Chemicals               61,275,337  
Commercial Services & Supplies – 2.1%      

Republic Services, Inc.

     345,524         11,803,100  

Waste Management, Inc.

     283,927         11,944,809  
     

 

 

 
Total Commercial Services & Supplies               23,747,909  
Communications Equipment – 1.2%      

Cisco Systems, Inc.

     579,214         12,980,186  
Distributors – 0.9%      

Genuine Parts Co.

     121,579         10,559,136  
Diversified Consumer Services – 1.0%      

H&R Block, Inc.

     383,970         11,592,054  
Diversified Telecommunication Services – 5.6%      

AT&T, Inc.

     570,195         19,996,739  

CenturyLink, Inc.

     815,673         26,786,701  

Verizon Communications, Inc.

     332,409         15,812,696  
     

 

 

 
Total Diversified Telecommunication Services               62,596,136  
Electric Utilities – 11.0%      

Duke Energy Corp.

     239,042         17,024,571  

Entergy Corp.

     322,152         21,535,861  

Exelon Corp.

     609,412         20,451,867  

FirstEnergy Corp.

     733,841         24,972,609  

PPL Corp.

     614,949         20,379,410  

Southern Co. (The)

     446,386         19,614,201  
     

 

 

 
Total Electric Utilities               123,978,519  
Electrical Equipment – 0.9%      

Emerson Electric Co.

     143,774         9,604,103  
Energy Equipment & Services – 2.8%      

Diamond Offshore Drilling, Inc.

     393,508         19,187,450  

Helmerich & Payne, Inc.

     120,150         12,923,334  
     

 

 

 
Total Energy Equipment & Services               32,110,784  
Food & Staples Retailing – 1.1%      

Sysco Corp.

     351,516       12,700,273  
Food Products – 2.4%      

ConAgra Foods, Inc.

     363,630         11,283,439  

Kraft Foods Group, Inc.

     283,697         15,915,402  
     

 

 

 
Total Food Products               27,198,841  
Health Care Equipment & Supplies – 2.5%      

Abbott Laboratories

     234,561         9,032,944  

Baxter International, Inc.

     164,810         12,126,720  

ResMed, Inc.

     162,890         7,279,554  
     

 

 

 
Total Health Care Equipment & Supplies               28,439,218  
Health Care Providers & Services – 0.7%      

Quest Diagnostics, Inc.

     137,579         7,968,576  
Hotels, Restaurants & Leisure – 3.5%      

Darden Restaurants, Inc.

     301,617         15,310,079  

McDonald’s Corp.

     132,298         12,969,173  

Wynn Resorts Ltd.

     48,617         10,800,267  
     

 

 

 
Total Hotels, Restaurants & Leisure               39,079,519  
Household Products – 2.0%      

Clorox Co. (The)

     125,371         11,033,901  

Kimberly-Clark Corp.

     107,623         11,865,436  
     

 

 

 
Total Household Products               22,899,337  
Industrial Conglomerates – 0.9%      

General Electric Co.

     392,049         10,150,149  
IT Services – 2.0%      

Paychex, Inc.

     287,155         12,232,803  

Western Union Co. (The)

     643,084         10,520,854  
     

 

 

 
Total IT Services               22,753,657  
Leisure Products – 0.9%      

Mattel, Inc.

     266,499         10,689,275  
Machinery – 1.9%      

Caterpillar, Inc.

     124,215         12,343,245  

Deere & Co.

     105,287         9,560,060  
     

 

 

 
Total Machinery               21,903,305  
Metals & Mining – 3.0%      

Freeport-McMoRan Copper & Gold, Inc.

     373,623         12,355,713  

Newmont Mining Corp.

     470,782         11,035,130  

Nucor Corp.

     204,557         10,338,311  
     

 

 

 
Total Metals & Mining               33,729,154  
Multiline Retail – 1.8%      

Kohl’s Corp.

     183,099         10,400,023  

Target Corp.

     155,197         9,390,971  
     

 

 

 
Total Multiline Retail               19,790,994  
Multi-Utilities – 6.4%      

Ameren Corp.

     465,218         19,166,982  

Consolidated Edison, Inc.

     294,723         15,811,889  

PG&E Corp.

     414,021         17,885,707  

Public Service Enterprise Group, Inc.

     506,230         19,307,612  
     

 

 

 
Total Multi-Utilities               72,172,190  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      35   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dividend ex-Financials Fund (DTN)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 9.5%      

Chevron Corp.

     105,138       $ 12,501,959  

ConocoPhillips

     206,757         14,545,355  

Exxon Mobil Corp.

     103,813         10,140,454  

HollyFrontier Corp.

     204,241         9,717,787  

Kinder Morgan, Inc.

     521,089         16,930,182  

Occidental Petroleum Corp.

     109,163         10,402,142  

Spectra Energy Corp.

     408,090         15,074,844  

Williams Cos., Inc. (The)

     435,578         17,675,755  
     

 

 

 
Total Oil, Gas & Consumable Fuels               106,988,478  
Paper & Forest Products – 1.0%      

International Paper Co.

     239,731         10,998,858  
Pharmaceuticals – 7.0%      

AbbVie, Inc.

     234,315         12,043,791  

Bristol-Myers Squibb Co.

     192,676         10,009,518  

Eli Lilly & Co.

     290,544         17,101,420  

Johnson & Johnson

     115,824         11,377,392  

Merck & Co., Inc.

     281,058         15,955,663  

Pfizer, Inc.

     373,561         11,998,779  
     

 

 

 
Total Pharmaceuticals               78,486,563  
Real Estate Investment Trusts (REITs) – 0.6%      

Crown Castle International Corp.

     98,657         7,278,913  
Semiconductors & Semiconductor Equipment – 6.1%      

Intel Corp.

     562,146         14,508,988  

KLA-Tencor Corp.

     175,625         12,142,712  

Maxim Integrated Products, Inc.

     476,274         15,774,195  

Microchip Technology, Inc.

     294,018         14,042,300  

Texas Instruments, Inc.

     249,647         11,770,856  
     

 

 

 
Total Semiconductors & Semiconductor Equipment         68,239,051  
Software – 2.1%      

CA, Inc.

     359,910         11,146,413  

Microsoft Corp.

     308,538         12,646,972  
     

 

 

 
Total Software               23,793,385  
Specialty Retail – 0.7%      

Staples, Inc.

     744,360         8,441,042  
Textiles, Apparel & Luxury Goods – 0.8%      

Coach, Inc.

     172,649         8,573,749  
Tobacco – 6.4%      

Altria Group, Inc.

     511,065         19,129,163  

Lorillard, Inc.

     321,969         17,412,083  

Philip Morris International, Inc.

     185,283         15,169,119  

Reynolds American, Inc.

     377,718         20,177,696  
     

 

 

 
Total Tobacco               71,888,061  
TOTAL COMMON STOCKS
(Cost: $980,685,558)
              1,123,921,856  
EXCHANGE-TRADED FUNDS – 0.2%      

WisdomTree LargeCap Dividend Fund(a)

     18,289       1,237,251  

WisdomTree MidCap Dividend Fund(a)

     16,124         1,241,709  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $2,425,612)
              2,478,960  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $983,111,170)
        1,126,400,816  

Other Assets in Excess of Liabilities – 0.1%

        1,411,211  
     

 

 

 
NET ASSETS – 100.0%             $ 1,127,812,027  
(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

36   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments

WisdomTree MidCap Dividend Fund (DON)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.7%      
COMMON STOCKS – 99.5%      
Aerospace & Defense – 1.6%      

Alliant Techsystems, Inc.

     7,071       $ 1,005,142  

Exelis, Inc.

     109,504         2,081,671  

Huntington Ingalls Industries, Inc.

     12,134         1,240,823  

L-3 Communications Holdings, Inc.

     49,185         5,811,208  

Rockwell Collins, Inc.

     59,173         4,714,313  

Textron, Inc.

     18,005         707,416  

Triumph Group, Inc.

     2,912         188,057  
     

 

 

 
Total Aerospace & Defense               15,748,630   
Air Freight & Logistics – 0.8%      

C.H. Robinson Worldwide, Inc.

     98,968         5,184,934  

Expeditors International of Washington, Inc.

     75,734         3,001,338  
     

 

 

 
Total Air Freight & Logistics               8,186,272  
Airlines – 0.2%      

Alaska Air Group, Inc.

     20,586         1,920,880  
Auto Components – 0.9%      

Allison Transmission Holdings, Inc.

     84,305         2,524,092  

Dana Holding Corp.

     40,738         947,973  

Gentex Corp.

     63,969         2,016,943  

Goodyear Tire & Rubber Co. (The)

     57,255         1,496,073  

Lear Corp.

     17,891         1,497,835  
     

 

 

 
Total Auto Components               8,482,916  
Automobiles – 0.2%      

Thor Industries, Inc.

     23,831         1,455,121  
Banks – 2.8%      

Associated Banc-Corp.

     54,380         982,103  

Bank of Hawaii Corp.

     21,995         1,333,117  

BankUnited, Inc.

     41,604         1,446,571  

BOK Financial Corp.

     28,076         1,938,648  

CapitalSource, Inc.

     8,595         125,401  

City National Corp.

     11,220         883,238  

Comerica, Inc.

     43,051         2,230,042  

Commerce Bancshares, Inc.

     29,430         1,366,141  

Cullen/Frost Bankers, Inc.

     27,087         2,100,055  

East West Bancorp, Inc.

     38,485         1,404,702  

First Horizon National Corp.

     68,008         839,219  

First Niagara Financial Group, Inc.

     168,213         1,589,613  

First Republic Bank

     19,609         1,058,690  

FirstMerit Corp.

     78,070         1,626,198  

Hancock Holding Co.

     35,172         1,289,054  

Huntington Bancshares, Inc.

     283,367         2,825,169  

Investors Bancorp, Inc.

     14,805         409,210  

Prosperity Bancshares, Inc.

     16,181         1,070,373  

Synovus Financial Corp.

     179,396         608,152  

TCF Financial Corp.

     33,039         550,430  

UMB Financial Corp.

     9,633         623,255  

Webster Financial Corp.

     28,819         895,118  

Zions Bancorp.

     16,161         500,668  
     

 

 

 
Total Banks               27,695,167   
Beverages – 2.1%      

Brown-Forman Corp. Class A

     23,309       2,072,870  

Brown-Forman Corp. Class B

     46,590         4,178,657  

Dr. Pepper Snapple Group, Inc.

     166,380         9,061,055  

Molson Coors Brewing Co. Class B

     97,313         5,727,843  
     

 

 

 
Total Beverages               21,040,425   
Building Products – 0.7%      

A.O. Smith Corp.

     18,280         841,246  

Fortune Brands Home & Security, Inc.

     39,937         1,680,549  

Lennox International, Inc.

     14,628         1,329,831  

Masco Corp.

     130,123         2,890,032  
     

 

 

 
Total Building Products               6,741,658  
Capital Markets – 1.0%      

Eaton Vance Corp.

     40,351         1,539,794  

Federated Investors, Inc. Class B

     60,761         1,855,641  

Financial Engines, Inc.

     2,327         118,165  

Legg Mason, Inc.

     23,041         1,129,931  

LPL Financial Holdings, Inc.

     27,240         1,431,190  

Raymond James Financial, Inc.

     24,848         1,389,749  

SEI Investments Co.

     31,341         1,053,371  

Waddell & Reed Financial, Inc. Class A

     24,294         1,788,524  
     

 

 

 
Total Capital Markets               10,306,365   
Chemicals – 4.2%      

Airgas, Inc.

     34,313         3,654,678  

Albemarle Corp.

     32,167         2,136,532  

Ashland, Inc.

     29,349         2,919,639  

Axiall Corp.

     24,719         1,110,377  

Cabot Corp.

     26,877         1,587,356  

Celanese Corp. Series A

     54,908         3,047,943  

Cytec Industries, Inc.

     5,224         509,915  

H.B. Fuller Co.

     10,663         514,810  

Huntsman Corp.

     133,248         3,253,916  

International Flavors & Fragrances, Inc.

     39,029         3,733,904  

NewMarket Corp.

     4,654         1,818,690  

PolyOne Corp.

     17,840         654,014  

Rockwood Holdings, Inc.

     49,474         3,680,866  

RPM International, Inc.

     83,644         3,499,665  

Scotts Miracle-Gro Co. (The) Class A

     46,348         2,840,205  

Sensient Technologies Corp.

     24,539         1,384,245  

Valhi, Inc.

     118,628         1,046,299  

Valspar Corp.

     29,819         2,150,546  

Westlake Chemical Corp.

     26,986         1,785,933  
     

 

 

 
Total Chemicals               41,329,533   
Commercial Services & Supplies – 2.6%      

ADT Corp. (The)

     69,423         2,079,219  

Cintas Corp.

     43,437         2,589,280  

Iron Mountain, Inc.

     185,988         5,127,689  

KAR Auction Services, Inc.

     129,590         3,933,056  

Pitney Bowes, Inc.

     179,812         4,673,314  

R.R. Donnelley & Sons Co.

     269,923         4,831,622  

Rollins, Inc.

     46,308         1,400,354  

Waste Connections, Inc.

     34,516         1,513,872  
     

 

 

 
Total Commercial Services & Supplies               26,148,406  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      37   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Communications Equipment – 0.5%      

Harris Corp.

     70,298       $ 5,143,001  
Construction & Engineering – 0.3%      

EMCOR Group, Inc.

     10,530         492,699  

KBR, Inc.

     41,743         1,113,703  

URS Corp.

     31,847         1,498,720  
     

 

 

 
Total Construction & Engineering               3,105,122   
Construction Materials – 0.3%      

Eagle Materials, Inc.

     6,969         617,871  

Martin Marietta Materials, Inc.

     20,136         2,584,456  

Vulcan Materials Co.

     2,561         170,178  
     

 

 

 
Total Construction Materials               3,372,505  
Containers & Packaging – 2.9%      

AptarGroup, Inc.

     26,431         1,747,089  

Avery Dennison Corp.

     59,771         3,028,597  

Ball Corp.

     38,608         2,116,104  

Bemis Co., Inc.

     70,153         2,752,804  

MeadWestvaco Corp.

     128,238         4,826,878  

Packaging Corp. of America

     66,039         4,647,164  

Rock-Tenn Co. Class A

     25,603         2,702,909  

Sealed Air Corp.

     83,344         2,739,517  

Silgan Holdings, Inc.

     19,496         965,442  

Sonoco Products Co.

     81,188         3,330,332  
     

 

 

 
Total Containers & Packaging               28,856,836   
Distributors – 0.1%      

Pool Corp.

     15,901         975,049  
Diversified Consumer Services – 1.0%      

Graham Holdings Co. Class B

     2,488         1,750,930  

H&R Block, Inc.

     204,790         6,182,610  

Service Corp. International

     89,111         1,771,527  

Sotheby’s

     14,072         612,836  
     

 

 

 
Total Diversified Consumer Services               10,317,903   
Diversified Financial Services – 0.3%      

CBOE Holdings, Inc.

     19,095         1,080,777  

ING US, Inc.

     4,564         165,536  

MarketAxess Holdings, Inc.

     4,793         283,841  

NASDAQ OMX Group, Inc. (The)

     35,746         1,320,457  
     

 

 

 
Total Diversified Financial Services               2,850,611  
Diversified Telecommunication Services – 2.9%   

Frontier Communications Corp.

     2,238,857         12,761,485  

Windstream Holdings, Inc.

     1,916,059         15,788,326  
     

 

 

 
Total Diversified Telecommunication Services               28,549,811   
Electric Utilities – 3.9%      

Cleco Corp.

     49,281         2,492,633  

Great Plains Energy, Inc.

     153,424         4,148,585  

Hawaiian Electric Industries, Inc.

     126,630         3,218,935  

IDACORP, Inc.

     42,155         2,338,338  

ITC Holdings Corp.

     73,515         2,745,785  

OGE Energy Corp.

     129,369         4,755,604  

Pepco Holdings, Inc.

     376,372         7,708,099  

Pinnacle West Capital Corp.

     122,723         6,708,039  

Westar Energy, Inc.

     143,719       5,053,160  
     

 

 

 
Total Electric Utilities               39,169,178   
Electrical Equipment – 0.7%      

Acuity Brands, Inc.

     5,524         732,317  

Babcock & Wilcox Co. (The)

     34,355         1,140,586  

EnerSys

     9,007         624,095  

Hubbell, Inc. Class B

     25,770         3,089,050  

Regal-Beloit Corp.

     13,009         945,884  
     

 

 

 
Total Electrical Equipment               6,531,932   
Electronic Equipment, Instruments & Components – 1.0%   

Avnet, Inc.

     51,751         2,407,974  

Belden, Inc.

     3,142         218,683  

CDW Corp.

     34,414         944,320  

Cognex Corp.*

     13,983         473,464  

FEI Co.

     5,870         604,727  

FLIR Systems, Inc.

     47,070         1,694,520  

Jabil Circuit, Inc.

     109,019         1,962,342  

National Instruments Corp.

     60,842         1,745,557  
     

 

 

 
Total Electronic Equipment, Instruments & Components         10,051,587   
Energy Equipment & Services – 2.8%      

Bristow Group, Inc.

     12,723         960,841  

CARBO Ceramics, Inc.

     6,297         868,923  

Diamond Offshore Drilling, Inc.

     229,339         11,182,570  

Helmerich & Payne, Inc.

     68,793         7,399,375  

Oceaneering International, Inc.

     32,073         2,304,766  

Patterson-UTI Energy, Inc.

     30,059         952,269  

RPC, Inc.

     130,951         2,674,019  

Tidewater, Inc.

     23,213         1,128,616  
     

 

 

 
Total Energy Equipment & Services               27,471,379   
Food & Staples Retailing – 0.7%      

Casey’s General Stores, Inc.

     10,129         684,619  

PriceSmart, Inc.

     4,126         416,437  

Safeway, Inc.

     154,899         5,721,969  
     

 

 

 
Total Food & Staples Retailing               6,823,025  
Food Products – 1.7%      

Flowers Foods, Inc.

     112,480         2,412,696  

Hillshire Brands Co.

     68,982         2,570,269  

Ingredion, Inc.

     46,124         3,140,122  

McCormick & Co., Inc.

     63,056         4,523,638  

Pinnacle Foods, Inc.

     83,742         2,500,536  

Seaboard Corp.*

     32         83,886  

Tyson Foods, Inc. Class A

     43,966         1,934,944  
     

 

 

 
Total Food Products               17,166,091   
Gas Utilities – 2.3%      

AGL Resources, Inc.

     127,071         6,221,396  

Atmos Energy Corp.

     78,638         3,706,209  

National Fuel Gas Co.

     47,203         3,306,098  

Piedmont Natural Gas Co., Inc.

     75,341         2,666,318  

Questar Corp.

     147,133         3,498,823  

UGI Corp.

     84,263         3,843,235  
     

 

 

 
Total Gas Utilities               23,242,079   

 

See Notes to Financial Statements.

 

38   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Health Care Equipment & Supplies – 0.8%      

Cooper Cos., Inc. (The)

     694       $ 95,328  

DENTSPLY International, Inc.

     19,290         888,112  

ResMed, Inc.

     82,111         3,669,541  

STERIS Corp.

     27,764         1,325,731  

Teleflex, Inc.

     15,535         1,665,973  

West Pharmaceutical Services, Inc.

     15,128         666,388  
     

 

 

 
Total Health Care Equipment & Supplies               8,311,073  
Health Care Providers & Services – 1.1%      

HealthSouth Corp.

     47,441         1,704,555  

Omnicare, Inc.

     25,252         1,506,787  

Patterson Cos., Inc.

     43,650         1,822,824  

Quest Diagnostics, Inc.

     86,017         4,982,105  

Universal Health Services, Inc. Class B

     6,009         493,158  
     

 

 

 
Total Health Care Providers & Services               10,509,429   
Hotels, Restaurants & Leisure – 3.6%      

Brinker International, Inc.

     36,701         1,924,967  

Burger King Worldwide, Inc.

     120,554         3,200,709  

Cheesecake Factory, Inc. (The)

     15,862         755,507  

Choice Hotels International, Inc.

     23,226         1,068,396  

Cracker Barrel Old Country Store, Inc.

     16,997         1,652,788  

Darden Restaurants, Inc.

     143,391         7,278,527  

Domino’s Pizza, Inc.

     16,714         1,286,477  

Dunkin’ Brands Group, Inc.

     45,271         2,271,699  

International Game Technology

     157,446         2,213,691  

SeaWorld Entertainment, Inc.

     66,557         2,012,018  

Six Flags Entertainment Corp.

     132,471         5,318,711  

Vail Resorts, Inc.

     10,388         724,044  

Wendy’s Co. (The)

     242,853         2,214,819  

Wyndham Worldwide Corp.

     55,197         4,042,076  
     

 

 

 
Total Hotels, Restaurants & Leisure               35,964,429   
Household Durables – 1.9%      

D.R. Horton, Inc.

     63,697         1,379,040  

Harman International Industries, Inc.

     25,135         2,674,364  

Leggett & Platt, Inc.

     147,578         4,816,946  

Lennar Corp. Class A

     18,099         717,082  

Newell Rubbermaid, Inc.

     142,827         4,270,527  

PulteGroup, Inc.

     110,311         2,116,868  

Tupperware Brands Corp.

     35,807         2,999,194  
     

 

 

 
Total Household Durables               18,974,021   
Household Products – 0.9%      

Church & Dwight Co., Inc.

     61,730         4,263,691  

Energizer Holdings, Inc.

     30,277         3,050,105  

Spectrum Brands Holdings, Inc.

     19,670         1,567,699  
     

 

 

 
Total Household Products               8,881,495  
Independent Power and Renewable Electricity Producers – 0.5%   

NRG Energy, Inc.

     146,107         4,646,203  
Industrial Conglomerates – 0.2%      

Carlisle Cos., Inc.

     18,890         1,498,733  
Insurance – 3.5%      

American Financial Group, Inc.

     22,442         1,295,128  

American National Insurance Co.

     11,794       1,333,312  

AmTrust Financial Services, Inc.

     23,154         870,822  

Arthur J. Gallagher & Co.

     65,198         3,102,121  

Assurant, Inc.

     17,760         1,153,690  

Brown & Brown, Inc.

     30,990         953,252  

Cincinnati Financial Corp.

     86,371         4,202,813  

CNO Financial Group, Inc.

     24,790         448,699  

Erie Indemnity Co. Class A

     24,560         1,713,306  

Fidelity National Financial, Inc. Class A

     100,010         3,144,314  

First American Financial Corp.

     29,253         776,667  

Hanover Insurance Group, Inc. (The)

     15,918         978,002  

HCC Insurance Holdings, Inc.

     31,949         1,453,360  

Mercury General Corp.

     44,638         2,012,281  

Old Republic International Corp.

     185,233         3,037,821  

ProAssurance Corp.

     21,009         935,531  

Protective Life Corp.

     20,282         1,066,630  

Reinsurance Group of America, Inc.

     17,885         1,424,183  

StanCorp Financial Group, Inc.

     12,056         805,341  

Torchmark Corp.

     12,892         1,014,600  

Unum Group

     71,075         2,509,658  

W.R. Berkley Corp.

     20,196         840,557  
     

 

 

 
Total Insurance               35,072,088   
Internet & Catalog Retail – 0.3%      

Expedia, Inc.

     27,467         1,991,358  

HSN, Inc.

     22,653         1,353,064  
     

 

 

 
Total Internet & Catalog Retail               3,344,422   
Internet Software & Services – 0.2%      

IAC/InterActiveCorp

     32,467         2,317,819  
IT Services – 2.1%      

Broadridge Financial Solutions, Inc.

     67,333         2,500,748  

Computer Sciences Corp.

     58,304         3,546,049  

DST Systems, Inc.

     14,682         1,391,707  

Global Payments, Inc.

     2,486         176,779  

Jack Henry & Associates, Inc.

     30,586         1,705,476  

Leidos Holdings, Inc.

     64,730         2,289,500  

MAXIMUS, Inc.

     7,434         333,489  

Total System Services, Inc.

     61,373         1,866,353  

Western Union Co. (The)

     429,106         7,020,174  
     

 

 

 
Total IT Services               20,830,275   
Leisure Products – 1.0%      

Brunswick Corp.

     20,767         940,537  

Hasbro, Inc.

     104,615         5,818,686  

Polaris Industries, Inc.

     21,843         3,051,686  
     

 

 

 
Total Leisure Products               9,810,909  
Life Sciences Tools & Services – 0.2%      

PerkinElmer, Inc.

     20,497         923,595  

Techne Corp.

     12,966         1,106,907  
     

 

 

 
Total Life Sciences Tools & Services               2,030,502  
Machinery – 3.6%      

Actuant Corp. Class A

     2,574         87,902  

AGCO Corp.

     17,942         989,681  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      39   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

CLARCOR, Inc.

     14,205       $ 814,657  

Crane Co.

     27,475         1,954,846  

Donaldson Co., Inc.

     46,557         1,974,017  

Graco, Inc.

     21,006         1,569,989  

IDEX Corp.

     27,187         1,981,660  

ITT Corp.

     22,382         957,054  

Joy Global, Inc.

     36,164         2,097,512  

Kennametal, Inc.

     29,217         1,294,313  

Lincoln Electric Holdings, Inc.

     27,762         1,999,142  

Manitowoc Co., Inc. (The)

     12,568         395,264  

Nordson Corp.

     16,664         1,174,645  

Oshkosh Corp.

     27,131         1,597,202  

Pall Corp.

     38,490         3,443,700  

Snap-on, Inc.

     25,231         2,863,214  

SPX Corp.

     12,518         1,230,644  

Timken Co. (The)

     45,085         2,650,096  

Toro Co. (The)

     13,589         858,689  

Trinity Industries, Inc.

     22,523         1,623,233  

Valmont Industries, Inc.

     4,844         720,981  

Wabtec Corp.

     5,448         422,220  

Woodward, Inc.

     12,891         535,363  

Xylem, Inc.

     65,088         2,370,505  
     

 

 

 
Total Machinery               35,606,529   
Media – 2.3%      

Cablevision Systems Corp. Class A

     205,653         3,469,366  

Cinemark Holdings, Inc.

     92,435         2,681,539  

Gannett Co., Inc.

     176,857         4,881,253  

Interpublic Group of Cos., Inc. (The)

     203,041         3,480,123  

John Wiley & Sons, Inc. Class A

     24,484         1,411,258  

Morningstar, Inc.

     7,679         606,794  

Regal Entertainment Group Class A

     152,612         2,850,792  

Scripps Networks Interactive, Inc. Class A

     21,125         1,603,599  

Viacom, Inc. Class A

     19,288         1,644,495  
     

 

 

 
Total Media               22,629,219   
Metals & Mining – 1.9%      

Alcoa, Inc.

     344,477         4,433,419  

Allegheny Technologies, Inc.

     62,109         2,340,267  

Carpenter Technology Corp.

     16,494         1,089,264  

Cliffs Natural Resources, Inc.

     100,084         2,047,718  

Reliance Steel & Aluminum Co.

     36,404         2,572,307  

Royal Gold, Inc.

     30,216         1,892,126  

Steel Dynamics, Inc.

     140,069         2,491,827  

United States Steel Corp.

     27,765         766,592  

Worthington Industries, Inc.

     26,064         996,948  
     

 

 

 
Total Metals & Mining               18,630,468   
Multiline Retail – 0.3%      

Dillard’s, Inc. Class A

     2,782         257,057  

Family Dollar Stores, Inc.

     49,546         2,874,163  
     

 

 

 
Total Multiline Retail               3,131,220  
Multi-Utilities – 6.3%      

Alliant Energy Corp.

     106,315         6,039,755  

Ameren Corp.

     284,585         11,724,902  

CMS Energy Corp.

     268,641       7,865,809  

Integrys Energy Group, Inc.

     105,108         6,269,692  

MDU Resources Group, Inc.

     119,855         4,112,225  

SCANA Corp.

     158,838         8,151,566  

TECO Energy, Inc.

     295,776         5,072,558  

Vectren Corp.

     88,290         3,477,743  

Wisconsin Energy Corp.

     219,467         10,216,189  
     

 

 

 
Total Multi-Utilities               62,930,439   
Oil, Gas & Consumable Fuels – 3.2%      

Cimarex Energy Co.

     12,837         1,529,015  

CONSOL Energy, Inc.

     80,007         3,196,280  

CVR Energy, Inc.

     169,587         7,165,051  

Energen Corp.

     16,337         1,320,193  

HollyFrontier Corp.

     130,838         6,225,272  

Peabody Energy Corp.

     129,109         2,109,641  

QEP Resources, Inc.

     12,462         366,881  

SemGroup Corp. Class A

     15,671         1,029,271  

SM Energy Co.

     2,205         157,195  

Targa Resources Corp.

     30,834         3,060,583  

Tesoro Corp.

     61,116         3,091,858  

Western Refining, Inc.

     46,417         1,791,696  

World Fuel Services Corp.

     6,659         293,662  
     

 

 

 
Total Oil, Gas & Consumable Fuels               31,336,598   
Personal Products – 0.4%      

Avon Products, Inc.

     160,152         2,344,625  

Nu Skin Enterprises, Inc. Class A

     14,019         1,161,474  
     

 

 

 
Total Personal Products               3,506,099   
Pharmaceuticals – 0.2%      

Questcor Pharmaceuticals, Inc.

     35,027         2,274,303  
Professional Services – 0.9%      

Dun & Bradstreet Corp. (The)

     13,764         1,367,453  

Equifax, Inc.

     41,862         2,847,872  

Manpowergroup, Inc.

     22,355         1,762,245  

Robert Half International, Inc.

     58,098         2,437,211  

Towers Watson & Co. Class A

     6,301         718,629  
     

 

 

 
Total Professional Services               9,133,410   
Real Estate Investment Trusts (REITs) – 15.9%      

Alexandria Real Estate Equities, Inc.

     49,060         3,559,794  

American Campus Communities, Inc.

     74,369         2,777,682  

American Homes 4 Rent Class A

     37,554         627,527  

Apartment Investment & Management Co. Class A

     87,357         2,639,928  

BioMed Realty Trust, Inc.

     157,545         3,228,097  

BRE Properties, Inc.

     34,823         2,186,188  

Camden Property Trust

     60,089         4,046,393  

CBL & Associates Properties, Inc.

     140,257         2,489,562  

CommonWealth REIT

     82,272         2,163,754  

Corrections Corp. of America

     109,480         3,428,914  

DDR Corp.

     206,759         3,407,388  

Digital Realty Trust, Inc.

     139,322         7,395,212  

Douglas Emmett, Inc.

     77,311         2,098,221  

Duke Realty Corp.

     243,047         4,102,633  

EPR Properties

     51,456         2,747,236  

 

See Notes to Financial Statements.

 

40   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Equity Lifestyle Properties, Inc.

     37,542       $ 1,526,082  

Equity One, Inc.

     77,349         1,727,977  

Essex Property Trust, Inc.

     20,234         3,440,792  

Extra Space Storage, Inc.

     72,855         3,534,196  

Federal Realty Investment Trust

     32,068         3,678,841  

Highwoods Properties, Inc.

     68,314         2,623,941  

Home Properties, Inc.

     48,057         2,889,187  

Hospitality Properties Trust

     168,354         4,835,127  

Kilroy Realty Corp.

     36,471         2,136,471  

Kimco Realty Corp.

     291,462         6,377,189  

LaSalle Hotel Properties

     58,740         1,839,149  

Lexington Realty Trust

     234,787         2,561,526  

Liberty Property Trust

     130,920         4,838,803  

Macerich Co. (The)

     94,747         5,905,580  

Mid-America Apartment Communities, Inc.

     55,475         3,787,278  

National Retail Properties, Inc.

     101,837         3,495,046  

Omega Healthcare Investors, Inc.

     124,911         4,187,017  

Piedmont Office Realty Trust, Inc. Class A

     126,637         2,171,825  

Plum Creek Timber Co., Inc.

     109,266         4,593,543  

Rayonier, Inc.

     93,900         4,310,949  

Realty Income Corp.

     182,990         7,476,971  

Regency Centers Corp.

     59,223         3,023,926  

Retail Properties of America, Inc. Class A

     195,223         2,643,320  

RLJ Lodging Trust

     67,129         1,795,029  

Senior Housing Properties Trust

     208,227         4,678,861  

SL Green Realty Corp.

     33,347         3,355,375  

Spirit Realty Capital, Inc.

     322,852         3,544,915  

Tanger Factory Outlet Centers, Inc.

     43,035         1,506,225  

Taubman Centers, Inc.

     31,326         2,217,568  

UDR, Inc.

     162,294         4,192,054  

Weingarten Realty Investors

     85,601         2,568,030  

WP Carey, Inc.

     60,742         3,648,772  
     

 

 

 
Total Real Estate Investment Trusts (REITs)               158,010,094   
Real Estate Management & Development – 0.0%      

Jones Lang LaSalle, Inc.

     3,121         369,839  
Road & Rail – 0.6%      

JB Hunt Transport Services, Inc.

     24,088         1,732,409  

Landstar System, Inc.

     43,156         2,555,698  

Ryder System, Inc.

     26,463         2,114,923  
     

 

 

 
Total Road & Rail               6,403,030  
Semiconductors & Semiconductor Equipment – 3.2%   

Linear Technology Corp.

     142,633         6,944,801  

LSI Corp.

     156,528         1,732,765  

Maxim Integrated Products, Inc.

     272,130         9,012,946  

Microchip Technology, Inc.

     173,891         8,305,034  

NVIDIA Corp.

     339,384         6,078,367  
     

 

 

 
Total Semiconductors & Semiconductor Equipment         32,073,913   
Software – 0.3%      

FactSet Research Systems, Inc.

     14,583         1,572,193  

Mentor Graphics Corp.

     22,704         499,942  

Solera Holdings, Inc.

     17,905         1,134,103  
     

 

 

 
Total Software               3,206,238  
Specialty Retail – 2.5%      

Abercrombie & Fitch Co. Class A

     50,418       1,941,093  

Advance Auto Parts, Inc.

     4,301         544,076  

American Eagle Outfitters, Inc.

     179,370         2,195,489  

Buckle, Inc. (The)

     19,811         907,344  

Chico’s FAS, Inc.

     50,061         802,478  

CST Brands, Inc.

     14,161         442,390  

Dick’s Sporting Goods, Inc.

     23,288         1,271,758  

DSW, Inc. Class A

     22,400         803,264  

Foot Locker, Inc.

     77,870         3,658,333  

GameStop Corp. Class A

     68,335         2,808,569  

GNC Holdings, Inc. Class A

     25,515         1,123,170  

Guess?, Inc.

     56,984         1,572,758  

Penske Automotive Group, Inc.

     34,820         1,488,903  

PetSmart, Inc.

     29,823         2,054,506  

Williams-Sonoma, Inc.

     52,473         3,496,801  
     

 

 

 
Total Specialty Retail               25,110,932  
Textiles, Apparel & Luxury Goods – 0.4%      

Carter’s, Inc.

     12,974         1,007,431  

Hanesbrands, Inc.

     30,504         2,332,946  

Wolverine World Wide, Inc.

     19,310         551,301  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               3,891,678  
Thrifts & Mortgage Finance – 1.2%      

Hudson City Bancorp, Inc.

     149,492         1,469,506  

New York Community Bancorp, Inc.

     434,491         6,982,271  

People’s United Financial, Inc.

     227,907         3,388,977  
     

 

 

 
Total Thrifts & Mortgage Finance               11,840,754  
Trading Companies & Distributors – 0.4%      

Air Lease Corp.

     10,201         380,395  

MSC Industrial Direct Co., Inc. Class A

     21,066         1,822,630  

Watsco, Inc.

     13,374         1,336,197  
     

 

 

 
Total Trading Companies & Distributors               3,539,222  
Water Utilities – 0.9%      

American Water Works Co., Inc.

     125,534         5,699,244  

Aqua America, Inc.

     118,718         2,976,260  
     

 

 

 
Total Water Utilities               8,675,504  
Wireless Telecommunication Services – 0.2%      

Telephone & Data Systems, Inc.

     55,389         1,451,746  
TOTAL COMMON STOCKS
(Cost: $830,697,148)
              988,624,115  
EXCHANGE-TRADED FUND – 0.2%      
WisdomTree LargeCap Dividend Fund(a)
(Cost: $1,748,746)
     26,815         1,814,035  
TOTAL INVESTMENTS IN SECURITIES – 99.7%
(Cost: $832,445,894)
         990,438,150  

Other Assets in Excess of Liabilities – 0.3%

        2,709,437  
     

 

 

 
NET ASSETS – 100.0%             $ 993,147,587  
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      41   


Table of Contents

Schedule of Investments

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.8%      
COMMON STOCKS – 99.5%      
Aerospace & Defense – 0.6%      

AAR Corp.

     38,478       $ 998,504  

American Science & Engineering, Inc.

     22,457         1,508,437  

Cubic Corp.

     13,131         670,600  

Curtiss-Wright Corp.

     31,902         2,027,053  

HEICO Corp.

     5,007         301,221  

HEICO Corp. Class A

     10,314         447,731  

National Presto Industries, Inc.

     8,815         687,923  
     

 

 

 
Total Aerospace & Defense               6,641,469   
Air Freight & Logistics – 0.1%      

Forward Air Corp.

     28,609         1,319,161  
Airlines – 0.1%      

SkyWest, Inc.

     55,152         703,739  
Auto Components – 0.4%      

Cooper Tire & Rubber Co.

     121,518         2,952,887  

Spartan Motors, Inc.

     50,308         258,583  

Standard Motor Products, Inc.

     27,789         994,013  

Strattec Security Corp.

     3,421         247,099  

Superior Industries International, Inc.

     13,105         268,521  
     

 

 

 
Total Auto Components               4,721,103   
Banks – 7.0%      

1st Source Corp.

     17,226         552,782  

1st United Bancorp, Inc.

     5,880         45,041  

Access National Corp.

     9,846         159,604  

American National Bankshares, Inc.

     10,647         250,417  

Arrow Financial Corp.

     16,041         424,124  

BancFirst Corp.

     11,646         659,513  

BancorpSouth, Inc.

     27,163         677,988  

Bank of Kentucky Financial Corp. (The)

     5,010         188,075  

Bank of the Ozarks, Inc.

     19,527         1,329,008  

Banner Corp.

     8,953         368,953  

Bar Harbor Bankshares

     4,692         179,938  

BBCN Bancorp, Inc.

     50,857         871,689  

Boston Private Financial Holdings, Inc.

     66,226         896,038  

Bridge Bancorp, Inc.

     14,194         379,122  

Bryn Mawr Bank Corp.

     13,632         391,647  

C&F Financial Corp.

     3,055         101,243  

Camden National Corp.

     6,779         279,295  

Cardinal Financial Corp.

     14,517         258,838  

Cathay General Bancorp

     5,043         127,033  

Center Bancorp, Inc.

     9,077         172,463  

Centerstate Banks, Inc.

     4,338         47,371  

Central Pacific Financial Corp.

     23,163         467,893  

Century Bancorp, Inc. Class A

     1,577         53,791  

Chemical Financial Corp.

     28,566         926,967  

Chemung Financial Corp.

     4,887         132,535  

City Holding Co.

     17,663         792,362  

CNB Financial Corp.

     16,896         298,721  

CoBiz Financial, Inc.

     15,115         174,125  

Columbia Banking System, Inc.

     28,316         807,572  

Community Bank System, Inc.

     40,522         1,581,168  

Community Trust Bancorp, Inc.

     15,677       650,282  

CVB Financial Corp.

     85,114         1,353,313  

Enterprise Bancorp, Inc.

     7,528         153,120  

Enterprise Financial Services Corp.

     6,950         139,486  

Fidelity Southern Corp.

     5,101         71,261  

Financial Institutions, Inc.

     15,540         357,731  

First Bancorp

     13,870         263,530  

First Bancorp, Inc.

     15,940         259,822  

First Busey Corp.

     84,404         489,543  

First Business Financial Services, Inc.

     1,956         92,284  

First Citizens BancShares, Inc. Class A

     1,595         383,996  

First Commonwealth Financial Corp.

     87,813         793,830  

First Community Bancshares, Inc.

     18,441         301,695  

First Connecticut Bancorp, Inc.

     4,679         73,273  

First Financial Bancorp

     70,452         1,266,727  

First Financial Bankshares, Inc.

     17,607         1,087,937  

First Financial Corp.

     12,094         407,326  

First Financial Holdings, Inc.

     9,499         594,827  

First Interstate Bancsystem, Inc.

     13,228         373,294  

First Merchants Corp.

     8,985         194,435  

First Midwest Bancorp, Inc.

     23,151         395,419  

Firstbank Corp.

     3,485         65,065  

Flushing Financial Corp.

     25,695         541,394  

FNB Corp.

     211,954         2,840,184  

Fulton Financial Corp.

     161,210         2,028,022  

German American Bancorp, Inc.

     9,663         279,164  

Glacier Bancorp, Inc.

     52,363         1,522,192  

Great Southern Bancorp, Inc.

     11,546         346,726  

Guaranty Bancorp

     5,060         72,105  

Hanmi Financial Corp.

     13,631         317,602  

Heartland Financial USA, Inc.

     8,571         231,331  

Heritage Commerce Corp.

     13,070         105,344  

Heritage Financial Corp.

     11,798         199,622  

Home BancShares, Inc.

     17,768         611,575  

Home Federal Bancorp, Inc.

     8,928         138,920  

Horizon Bancorp

     5,050         112,514  

Hudson Valley Holding Corp.

     8,693         165,602  

Iberiabank Corp.

     22,149         1,553,752  

Independent Bank Corp.

     18,599         732,243  

Independent Bank Group, Inc.

     2,159         126,841  

International Bancshares Corp.

     40,953         1,027,101  

Lakeland Bancorp, Inc.

     29,426         331,043  

Lakeland Financial Corp.

     11,478         461,645  

MainSource Financial Group, Inc.

     12,979         221,941  

MB Financial, Inc.

     29,182         903,475  

Mercantile Bank Corp.

     7,033         145,020  

Merchants Bancshares, Inc.

     7,465         243,434  

MidSouth Bancorp, Inc.

     7,078         119,123  

MidWestOne Financial Group, Inc.

     5,502         138,870  

National Bank Holdings Corp. Class A

     13,874         278,451  

National Penn Bancshares, Inc.

     179,883         1,879,777  

NBT Bancorp, Inc.

     48,899         1,196,070  

Northrim BanCorp, Inc.

     5,997         154,063  

Old National Bancorp

     91,358         1,362,148  

 

See Notes to Financial Statements.

 

42   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Pacific Continental Corp.

     33,626       $ 462,694  

PacWest Bancorp

     36,005         1,548,575  

Park National Corp.

     24,369         1,873,732  

Park Sterling Corp.

     17,435         115,943  

Peapack-Gladstone Financial Corp.

     4,274         94,028  

Penns Woods Bancorp, Inc.

     6,209         302,875  

Peoples Bancorp, Inc.

     9,077         224,474  

Pinnacle Financial Partners, Inc.

     11,979         449,093  

PrivateBancorp, Inc.

     3,719         113,467  

Renasant Corp.

     24,335         706,932  

Republic Bancorp, Inc. Class A

     18,960         428,496  

S&T Bancorp, Inc.

     26,195         620,822  

S.Y. Bancorp, Inc.

     12,050         381,262  

Sandy Spring Bancorp, Inc.

     22,866         571,193  

Sierra Bancorp

     9,057         144,187  

Simmons First National Corp. Class A

     13,157         490,361  

Southern National Bancorp of Virginia, Inc.

     10,805         110,103  

Southside Bancshares, Inc.

     18,867         592,046  

Sterling Bancorp

     52,784         668,245  

Susquehanna Bancshares, Inc.

     163,759         1,865,215  

Tompkins Financial Corp.

     16,581         811,806  

Tower Financial Corp.

     2,037         50,579  

TowneBank

     27,565         427,533  

Trico Bancshares

     8,656         224,450  

Trustmark Corp.

     78,649         1,993,752  

Umpqua Holdings Corp.

     122,795         2,288,899  

Union First Market Bankshares Corp.

     32,118         816,440  

United Bankshares, Inc.

     70,254         2,151,177  

Univest Corp. of Pennsylvania

     21,553         442,268  

Valley National Bancorp

     448,908         4,673,132  

ViewPoint Financial Group, Inc.

     24,382         703,421  

Washington Banking Co.

     17,549         312,021  

Washington Trust Bancorp, Inc.

     16,276         609,862  

WesBanco, Inc.

     26,124         831,527  

West Bancorp., Inc.

     15,389         233,759  

Westamerica Bancorp.

     25,515         1,379,851  

Wilshire Bancorp, Inc.

     26,791         297,380  

Wintrust Financial Corp.

     6,018         292,836  
     

 

 

 
Total Banks               74,055,242   
Beverages – 0.1%      

Coca-Cola Bottling Co. Consolidated

     10,182         865,266  
Biotechnology – 0.8%      

PDL BioPharma, Inc.

     998,826         8,300,244  
Building Products – 0.6%      

AAON, Inc.

     24,054         670,385  

Apogee Enterprises, Inc.

     28,523         947,819  

Griffon Corp.

     56,391         673,309  

Insteel Industries, Inc.

     10,980         215,977  

Quanex Building Products Corp.

     32,023         662,236  

Simpson Manufacturing Co., Inc.

     66,505         2,349,622  

Universal Forest Products, Inc.

     16,368         905,805  
     

 

 

 
Total Building Products               6,425,153  
Capital Markets – 1.5%      

Arlington Asset Investment Corp. Class A

     74,480       1,972,230  

Artisan Partners Asset Management, Inc. Class A

     18,647         1,198,070  

BGC Partners, Inc. Class A

     507,872         3,321,483  

Calamos Asset Management, Inc. Class A

     33,703         435,780  

Cohen & Steers, Inc.

     31,707         1,263,524  

CorEnergy Infrastructure Trust, Inc.

     59,402         400,964  

Evercore Partners, Inc. Class A

     19,049         1,052,457  

FXCM, Inc. Class A

     24,492         361,747  

GAMCO Investors, Inc. Class A

     1,218         94,578  

GFI Group, Inc.

     225,771         801,487  

Greenhill & Co., Inc.

     29,805         1,549,264  

Janus Capital Group, Inc.

     158,274         1,720,438  

JMP Group, Inc.

     20,095         142,875  

Manning & Napier, Inc.

     18,430         309,071  

Oppenheimer Holdings, Inc. Class A

     9,752         273,544  

Pzena Investment Management, Inc. Class A

     4,767         56,107  

Westwood Holdings Group, Inc.

     9,374         587,656  
     

 

 

 
Total Capital Markets               15,541,275   
Chemicals – 3.2%      

A. Schulman, Inc.

     67,632         2,452,336  

American Vanguard Corp.

     23,360         505,744  

Balchem Corp.

     11,139         580,565  

Chase Corp.

     12,699         400,400  

FutureFuel Corp.

     123,076         2,498,443  

Hawkins, Inc.

     21,296         782,415  

Innophos Holdings, Inc.

     73,391         4,161,270  

Innospec, Inc.

     51,592         2,333,506  

KMG Chemicals, Inc.

     8,220         128,890  

Koppers Holdings, Inc.

     43,982         1,813,378  

Kronos Worldwide, Inc.

     425,595         7,098,925  

Minerals Technologies, Inc.

     11,381         734,757  

Olin Corp.

     218,604         6,035,656  

Quaker Chemical Corp.

     17,020         1,341,687  

Stepan Co.

     23,100         1,491,336  

Tredegar Corp.

     34,745         799,482  

Zep, Inc.

     24,199         428,322  
     

 

 

 
Total Chemicals               33,587,112   
Commercial Services & Supplies – 6.7%      

ABM Industries, Inc.

     119,442         3,432,763  

Brink’s Co. (The)

     57,005         1,627,493  

CECO Environmental Corp.

     33,495         555,682  

Courier Corp.

     53,866         829,536  

Covanta Holding Corp.

     494,442         8,924,678  

Deluxe Corp.

     100,210         5,258,019  

Ennis, Inc.

     106,787         1,769,461  

G&K Services, Inc. Class A

     34,413         2,105,043  

Healthcare Services Group, Inc.

     169,560         4,927,414  

Herman Miller, Inc.

     99,830         3,207,538  

HNI Corp.

     114,432         4,183,634  

Interface, Inc.

     38,954         800,505  

Intersections, Inc.

     210,035         1,239,207  

Kimball International, Inc. Class B

     39,748         719,836  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      43   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Knoll, Inc.

     134,354       $ 2,443,899  

McGrath RentCorp

     62,468         2,183,881  

Mobile Mini, Inc.

     80,923         3,508,821  

MSA Safety, Inc.

     89,185         5,083,545  

Multi-Color Corp.

     8,790         307,650  

Quad Graphics, Inc.

     157,734         3,698,862  

Schawk, Inc.

     56,700         1,133,433  

Steelcase, Inc. Class A

     222,819         3,701,023  

U.S. Ecology, Inc.

     35,827         1,329,898  

UniFirst Corp.

     2,171         238,680  

United Stationers, Inc.

     49,556         2,035,265  

Viad Corp.

     29,520         709,661  

West Corp.

     237,848         5,691,703  
     

 

 

 
Total Commercial Services & Supplies               71,647,130   
Communications Equipment – 0.8%      

ADTRAN, Inc.

     79,381         1,937,690  

Bel Fuse, Inc. Class B

     12,660         277,254  

Black Box Corp.

     20,285         493,737  

Comtech Telecommunications Corp.

     57,030         1,816,976  

InterDigital, Inc.

     50,555         1,673,876  

PC-Tel, Inc.

     26,190         228,639  

Plantronics, Inc.

     39,319         1,747,730  

TESSCO Technologies, Inc.

     14,742         550,761  
     

 

 

 
Total Communications Equipment               8,726,663   
Construction & Engineering – 0.4%      

Comfort Systems USA, Inc.

     42,968         654,832  

Granite Construction, Inc.

     61,002         2,435,810  

Primoris Services Corp.

     24,555         736,159  
     

 

 

 
Total Construction & Engineering               3,826,801   
Consumer Finance – 0.1%      

Asta Funding, Inc.*

     6,308         52,167  

Cash America International, Inc.

     4,065         157,397  

Nelnet, Inc. Class A

     12,631         516,608  
     

 

 

 
Total Consumer Finance               726,172  
Containers & Packaging – 0.5%      

Greif, Inc. Class A

     82,608         4,336,094  

Myers Industries, Inc.

     61,259         1,220,279  
     

 

 

 
Total Containers & Packaging               5,556,373  
Distributors – 0.2%      

Core-Mark Holding Co., Inc.

     13,495         979,737  

Weyco Group, Inc.

     25,922         700,412  
     

 

 

 
Total Distributors               1,680,149  
Diversified Consumer Services – 1.1%      

Carriage Services, Inc.

     10,027         182,893  

Collectors Universe, Inc.

     66,189         1,245,677  

DeVry Education Group, Inc.

     61,065         2,588,545  

Hillenbrand, Inc.

     170,132         5,500,368  

Lincoln Educational Services Corp.

     150,128         565,983  

Matthews International Corp. Class A

     25,925         1,057,999  

Universal Technical Institute, Inc.

     67,303         871,574  
     

 

 

 
Total Diversified Consumer Services               12,013,039   
Diversified Financial Services – 0.1%      

Gain Capital Holdings, Inc.

     42,170       455,858  

Interactive Brokers Group, Inc. Class A

     29,019         628,842  

Marlin Business Services Corp.

     8,536         177,634  

MicroFinancial, Inc.

     17,188         135,269  

Resource America, Inc. Class A

     14,076         120,631  
     

 

 

 
Total Diversified Financial Services               1,518,234  
Diversified Telecommunication Services – 1.3%      

Atlantic Tele-Network, Inc.

     30,969         2,041,476  

Cogent Communications Group, Inc.

     70,710         2,512,326  

Consolidated Communications Holdings, Inc.

     323,075         6,464,731  

HickoryTech Corp.

     60,307         771,326  

Inteliquent, Inc.

     71,535         1,039,403  

Lumos Networks Corp.

     55,418         740,939  
     

 

 

 
Total Diversified Telecommunication Services               13,570,201   
Electric Utilities – 5.8%      

ALLETE, Inc.

     154,314         8,089,140  

El Paso Electric Co.

     123,859         4,425,482  

Empire District Electric Co. (The)

     191,604         4,659,809  

MGE Energy, Inc.

     100,106         3,927,158  

NRG Yield, Inc. Class A

     50,467         1,994,961  

Otter Tail Corp.

     146,674         4,516,093  

PNM Resources, Inc.

     218,746         5,912,704  

Portland General Electric Co.

     280,235         9,062,800  

UIL Holdings Corp.

     256,708         9,449,422  

Unitil Corp.

     62,377         2,048,461  

UNS Energy Corp.

     120,242         7,218,127  
     

 

 

 
Total Electric Utilities               61,304,157   
Electrical Equipment – 1.1%      

Allied Motion Technologies, Inc.

     7,229         83,784  

AZZ, Inc.

     29,102         1,300,277  

Brady Corp. Class A

     126,095         3,423,479  

Encore Wire Corp.

     3,290         159,598  

Franklin Electric Co., Inc.

     33,730         1,434,200  

General Cable Corp.

     121,550         3,112,895  

Global Power Equipment Group, Inc.

     32,148         639,424  

LSI Industries, Inc.

     64,269         526,363  

Powell Industries, Inc.

     17,520         1,135,296  

Preformed Line Products Co.

     5,909         405,062  
     

 

 

 
Total Electrical Equipment               12,220,378   
Electronic Equipment, Instruments & Components – 1.7%   

AVX Corp.

     429,808         5,664,869  

Badger Meter, Inc.

     18,977         1,045,633  

CTS Corp.

     29,575         617,526  

Daktronics, Inc.

     100,749         1,449,778  

Electro Rent Corp.

     103,141         1,814,250  

Electro Scientific Industries, Inc.

     97,300         958,405  

Littelfuse, Inc.

     21,419         2,005,675  

Mesa Laboratories, Inc.

     2,774         250,353  

Methode Electronics, Inc.

     32,345         991,698  

MTS Systems Corp.

     27,660         1,894,433  

Park Electrochemical Corp.

     29,682         886,601  

 

See Notes to Financial Statements.

 

44   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Richardson Electronics Ltd.

     24,190       $ 260,284  
     

 

 

 
Total Electronic Equipment, Instruments & Components         17,839,505   
Energy Equipment & Services – 0.3%      

Bolt Technology Corp.

     14,191         280,556  

Gulf Island Fabrication, Inc.

     24,039         519,483  

Gulfmark Offshore, Inc. Class A

     58,622         2,634,473  
     

 

 

 
Total Energy Equipment & Services               3,434,512  
Food & Staples Retailing – 0.6%      

Andersons, Inc. (The)

     20,315         1,203,461  

Ingles Markets, Inc. Class A

     33,077         787,894  

Spartan Stores, Inc.

     33,833         785,264  

Village Super Market, Inc. Class A

     29,299         773,494  

Weis Markets, Inc.

     61,732         3,040,301  
     

 

 

 
Total Food & Staples Retailing               6,590,414  
Food Products – 2.4%      

Alico, Inc.

     8,872         334,474  

B&G Foods, Inc.

     200,484         6,036,573  

Calavo Growers, Inc.

     35,403         1,259,639  

Cal-Maine Foods, Inc.

     11,046         693,468  

Dean Foods Co.

     155,988         2,411,574  

Griffin Land & Nurseries, Inc.

     3,377         102,120  

J&J Snack Foods Corp.

     13,412         1,287,150  

Lancaster Colony Corp.

     49,506         4,921,887  

Lifeway Foods, Inc.

     8,513         125,141  

Limoneira Co.

     8,565         194,254  

Sanderson Farms, Inc.

     25,864         2,030,065  

Snyder’s-Lance, Inc.

     157,197         4,431,383  

Tootsie Roll Industries, Inc.

     38,251         1,145,235  
     

 

 

 
Total Food Products               24,972,963   
Gas Utilities – 3.9%      

Chesapeake Utilities Corp.

     25,127         1,587,021  

Delta Natural Gas Co., Inc.

     22,960         475,731  

Gas Natural, Inc.

     71,976         726,238  

Laclede Group, Inc. (The)

     121,088         5,709,299  

New Jersey Resources Corp.

     154,209         7,679,608  

Northwest Natural Gas Co.

     115,396         5,078,578  

South Jersey Industries, Inc.

     102,175         5,730,996  

Southwest Gas Corp.

     112,628         6,019,967  

WGL Holdings, Inc.

     223,712         8,961,903  
     

 

 

 
Total Gas Utilities               41,969,341   
Health Care Equipment & Supplies – 1.0%      

Analogic Corp.

     5,416         444,708  

Atrion Corp.

     1,850         566,359  

Cantel Medical Corp.

     10,662         359,523  

CONMED Corp.

     53,512         2,325,096  

CryoLife, Inc.

     28,513         283,989  

Hill-Rom Holdings, Inc.

     78,932         3,042,039  

Invacare Corp.

     7,089         135,187  

LeMaitre Vascular, Inc.

     22,454         181,204  

Meridian Bioscience, Inc.

     122,564         2,670,670  

Utah Medical Products, Inc.

     6,853         396,309  
     

 

 

 
Total Health Care Equipment & Supplies               10,405,084   
Health Care Providers & Services – 2.1%      

Chemed Corp.

     18,622       1,665,738  

Ensign Group, Inc. (The)

     12,819         559,421  

Kindred Healthcare, Inc.

     134,245         3,144,018  

Landauer, Inc.

     39,704         1,799,782  

National Healthcare Corp.

     34,126         1,903,207  

Owens & Minor, Inc.

     166,866         5,845,316  

Select Medical Holdings Corp.

     534,867         6,659,094  

U.S. Physical Therapy, Inc.

     14,534         502,441  
     

 

 

 
Total Health Care Providers & Services               22,079,017   
Health Care Technology – 0.5%      

Computer Programs & Systems, Inc.

     36,145         2,334,967  

Quality Systems, Inc.

     198,427         3,349,448  
     

 

 

 
Total Health Care Technology               5,684,415  
Hotels, Restaurants & Leisure – 2.2%      

Bob Evans Farms, Inc.

     65,853         3,294,626  

Churchill Downs, Inc.

     17,181         1,568,626  

DineEquity, Inc.

     67,485         5,268,554  

Einstein Noah Restaurant Group, Inc.

     60,302         992,571  

Frisch’s Restaurants, Inc.

     14,871         351,997  

International Speedway Corp. Class A

     17,386         590,950  

Interval Leisure Group, Inc.

     81,781         2,137,755  

Marcus Corp. (The)

     43,309         723,260  

Papa John’s International, Inc.

     48,653         2,535,308  

Ruth’s Hospitality Group, Inc.

     39,465         477,132  

Speedway Motorsports, Inc.

     97,144         1,819,507  

Texas Roadhouse, Inc.

     120,657         3,146,734  
     

 

 

 
Total Hotels, Restaurants & Leisure               22,907,020   
Household Durables – 1.0%      

Bassett Furniture Industries, Inc.

     15,494         230,086  

Blyth, Inc.

     29,021         311,395  

CSS Industries, Inc.

     19,315         521,505  

Ethan Allen Interiors, Inc.

     39,270         999,421  

Flexsteel Industries, Inc.

     15,301         575,624  

Hooker Furniture Corp.

     23,822         373,053  

KB Home

     46,971         798,037  

La-Z-Boy, Inc.

     28,173         763,488  

Lennar Corp. Class B

     15,249         497,727  

Lifetime Brands, Inc.

     12,098         216,070  

M.D.C. Holdings, Inc.

     161,314         4,561,960  

NACCO Industries, Inc. Class A

     9,995         541,829  

Ryland Group, Inc. (The)

     13,309         531,429  
     

 

 

 
Total Household Durables               10,921,624   
Household Products – 0.3%      

Oil-Dri Corp. of America

     10,279         355,037  

Orchids Paper Products Co.

     36,079         1,104,017  

WD-40 Co.

     25,345         1,966,012  
     

 

 

 
Total Household Products               3,425,066  
Independent Power and Renewable Electricity Producers – 0.1%   

Ormat Technologies, Inc.

     27,493         825,065  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      45   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Industrial Conglomerates – 0.1%      

Raven Industries, Inc.

     40,951       $ 1,341,145  
Insurance – 1.4%      

American Equity Investment Life Holding Co.

     15,604         368,566  

AMERISAFE, Inc.

     4,802         210,856  

Baldwin & Lyons, Inc. Class B

     15,832         416,223  

Crawford & Co. Class A

     28,227         263,640  

Crawford & Co. Class B

     12,709         138,655  

Donegal Group, Inc. Class A

     22,476         327,700  

EMC Insurance Group, Inc.

     11,920         423,518  

Employers Holdings, Inc.

     8,390         169,730  

FBL Financial Group, Inc. Class A

     11,232         486,570  

HCI Group, Inc.

     8,909         324,288  

Horace Mann Educators Corp.

     35,445         1,027,905  

Independence Holding Co.

     3,143         42,179  

Infinity Property & Casualty Corp.

     6,938         469,217  

Investors Title Co.

     314         23,833  

Kemper Corp.

     45,563         1,784,703  

Meadowbrook Insurance Group, Inc.

     20,491         119,462  

National Interstate Corp.

     11,741         314,776  

National Western Life Insurance Co. Class A

     272         66,504  

Primerica, Inc.

     19,990         941,729  

RLI Corp.

     21,048         931,163  

Safety Insurance Group, Inc.

     23,677         1,275,006  

Selective Insurance Group, Inc.

     37,080         864,706  

State Auto Financial Corp.

     28,015         597,000  

Stewart Information Services Corp.

     2,652         93,165  

Symetra Financial Corp.

     78,996         1,565,701  

United Fire Group, Inc.

     22,605         686,062  

Universal Insurance Holdings, Inc.

     32,609         414,134  
     

 

 

 
Total Insurance               14,346,991   
Internet & Catalog Retail – 0.3%      

Nutrisystem, Inc.

     118,256         1,782,118  

PetMed Express, Inc.

     87,155         1,168,748  
     

 

 

 
Total Internet & Catalog Retail               2,950,866  
Internet Software & Services – 0.7%      

EarthLink Holdings Corp.

     396,275         1,430,553  

j2 Global, Inc.

     99,737         4,991,837  

Marchex, Inc. Class B

     49,422         519,425  
     

 

 

 
Total Internet Software & Services               6,941,815  
IT Services – 1.6%      

Booz Allen Hamilton Holding Corp.

     319,214         7,022,708  

Cass Information Systems, Inc.

     14,212         732,771  

Computer Task Group, Inc.

     19,876         337,693  

Convergys Corp.

     115,563         2,531,985  

CSG Systems International, Inc.

     68,152         1,774,678  

Forrester Research, Inc.

     30,024         1,076,360  

Hackett Group, Inc. (The)

     48,089         287,572  

Heartland Payment Systems, Inc.

     21,865         906,304  

ManTech International Corp. Class A

     69,867         2,054,788  
     

 

 

 
Total IT Services               16,724,859   
Leisure Products – 0.5%      

Arctic Cat, Inc.

     9,562       456,968  

Callaway Golf Co.

     37,852         386,848  

Escalade, Inc.

     40,096         537,286  

Johnson Outdoors, Inc. Class A

     9,388         238,643  

Marine Products Corp.

     47,497         357,178  

Sturm Ruger & Co., Inc.

     61,323         3,667,115  
     

 

 

 
Total Leisure Products               5,644,038  
Machinery – 3.4%      

Alamo Group, Inc.

     5,999         325,926  

Albany International Corp. Class A

     47,357         1,683,068  

Altra Industrial Motion Corp.

     32,953         1,176,422  

American Railcar Industries, Inc.

     46,707         3,270,891  

Ampco-Pittsburgh Corp.

     40,063         755,989  

Astec Industries, Inc.

     24,716         1,085,280  

Barnes Group, Inc.

     62,418         2,401,221  

Briggs & Stratton Corp.

     106,191         2,362,750  

CIRCOR International, Inc.

     3,345         245,289  

Douglas Dynamics, Inc.

     108,015         1,881,621  

Dynamic Materials Corp.

     9,905         188,591  

ESCO Technologies, Inc.

     25,314         890,800  

FreightCar America, Inc.

     11,781         273,790  

Global Brass & Copper Holdings, Inc.

     18,617         293,590  

Gorman-Rupp Co. (The)

     31,645         1,005,994  

Graham Corp.

     3,375         107,494  

Hardinge, Inc.

     8,070         116,208  

Harsco Corp.

     243,025         5,694,076  

Hurco Cos., Inc.

     4,979         132,840  

Hyster-Yale Materials Handling, Inc.

     13,767         1,342,282  

John Bean Technologies Corp.

     35,953         1,110,948  

Kadant, Inc.

     14,432         526,335  

L.B. Foster Co. Class A

     2,759         129,259  

Lindsay Corp.

     7,987         704,293  

Miller Industries, Inc.

     32,903         642,596  

Mueller Industries, Inc.

     46,626         1,398,314  

Mueller Water Products, Inc. Class A

     122,831         1,166,894  

NN, Inc.

     20,185         397,645  

Standex International Corp.

     8,175         438,017  

Sun Hydraulics Corp.

     23,613         1,022,679  

Tennant Co.

     20,192         1,324,999  

Titan International, Inc.

     7,212         136,956  

Twin Disc, Inc.

     15,315         403,397  

Watts Water Technologies, Inc. Class A

     25,056         1,470,537  
     

 

 

 
Total Machinery               36,106,991   
Marine – 0.3%      

International Shipholding Corp.

     27,384         806,185  

Matson, Inc.

     108,468         2,678,075  
     

 

 

 
Total Marine               3,484,260   
Media – 2.4%      

A.H. Belo Corp. Class A

     82,252         952,478  

Harte-Hanks, Inc.

     275,679         2,437,003  

Meredith Corp.

     118,839         5,517,695  

National CineMedia, Inc.

     274,381         4,115,715  

 

See Notes to Financial Statements.

 

46   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

New York Times Co. (The) Class A

     162,891       $ 2,788,694  

Nexstar Broadcasting Group, Inc. Class A

     28,628         1,074,123  

Salem Communications Corp. Class A

     41,913         418,711  

Scholastic Corp.

     62,257         2,146,621  

Sinclair Broadcast Group, Inc. Class A

     129,056         3,496,127  

World Wrestling Entertainment, Inc. Class A

     98,598         2,847,510  
     

 

 

 
Total Media               25,794,677   
Metals & Mining – 3.0%      

AMCOL International Corp.

     80,452         3,683,092  

Commercial Metals Co.

     282,465         5,332,939  

Compass Minerals International, Inc.

     95,729         7,899,557  

Globe Specialty Metals, Inc.

     116,555         2,426,675  

Gold Resource Corp.

     398,106         1,902,947  

Haynes International, Inc.

     20,634         1,114,236  

Hecla Mining Co.

     132,932         408,101  

Kaiser Aluminum Corp.

     32,312         2,307,723  

Materion Corp.

     24,573         833,762  

Noranda Aluminum Holding Corp.

     112,199         461,138  

Olympic Steel, Inc.

     3,471         99,618  

Schnitzer Steel Industries, Inc. Class A

     65,650         1,894,003  

Synalloy Corp.

     14,192         203,797  

US Silica Holdings, Inc.

     82,670         3,155,514  

Walter Energy, Inc.

     16,374         123,787  
     

 

 

 
Total Metals & Mining               31,846,889   
Multiline Retail – 0.1%      

Bon-Ton Stores, Inc. (The)

     19,502         214,132  

Fred’s, Inc. Class A

     50,015         900,770  
     

 

 

 
Total Multiline Retail               1,114,902  
Multi-Utilities – 2.0%      

Avista Corp.

     258,939         7,936,480  

Black Hills Corp.

     129,089         7,441,981  

NorthWestern Corp.

     132,801         6,298,751  
     

 

 

 
Total Multi-Utilities               21,677,212   
Oil, Gas & Consumable Fuels – 2.5%      

Adams Resources & Energy, Inc.

     5,906         342,075  

Alon USA Energy, Inc.

     106,941         1,597,699  

Arch Coal, Inc.

     603,725         2,909,955  

Comstock Resources, Inc.

     139,716         3,192,511  

Delek US Holdings, Inc.

     111,755         3,245,365  

Evolution Petroleum Corp.

     94,412         1,201,865  

EXCO Resources, Inc.

     898,165         5,029,724  

Green Plains Renewable Energy, Inc.

     28,857         864,555  

Panhandle Oil and Gas, Inc. Class A

     8,056         351,322  

PBF Energy, Inc. Class A

     152,955         3,946,239  

W&T Offshore, Inc.

     196,000         3,392,760  
     

 

 

 
Total Oil, Gas & Consumable Fuels               26,074,070   
Paper & Forest Products – 0.8%      

Deltic Timber Corp.

     7,507         489,682  

Neenah Paper, Inc.

     29,786         1,540,532  

PH Glatfelter Co.

     61,375         1,670,628  

Schweitzer-Mauduit International, Inc.

     90,036         3,834,633  

Wausau Paper Corp.

     46,465       591,499  
     

 

 

 
Total Paper & Forest Products               8,126,974   
Personal Products – 0.3%      

Coty, Inc. Class A

     107,107         1,604,463  

Inter Parfums, Inc.

     42,127         1,525,418  
     

 

 

 
Total Personal Products               3,129,881   
Professional Services – 1.2%      

Acacia Research Corp.

     182,506         2,788,692  

Barrett Business Services, Inc.

     5,938         353,727  

CDI Corp.

     57,856         992,230  

Corporate Executive Board Co. (The)

     39,961         2,966,305  

Exponent, Inc.

     10,441         783,701  

Heidrick & Struggles International, Inc.

     50,213         1,007,775  

Insperity, Inc.

     51,553         1,597,112  

Kelly Services, Inc. Class A

     28,437         674,810  

Resources Connection, Inc.

     82,410         1,161,157  

VSE Corp.

     4,174         219,970  
     

 

 

 
Total Professional Services               12,545,479   
Real Estate Investment Trusts (REITs) – 13.8%      

Acadia Realty Trust

     68,188         1,798,800  

Agree Realty Corp.

     26,831         815,931  

Alexander’s, Inc.

     5,936         2,142,837  

American Assets Trust, Inc.

     38,617         1,302,938  

American Realty Capital Properties, Inc.

     453,165         6,353,373  

AmREIT, Inc.

     33,944         562,452  

Ashford Hospitality Trust, Inc.

     160,732         1,811,450  

Associated Estates Realty Corp.

     94,002         1,592,394  

Aviv REIT, Inc.

     77,093         1,884,924  

Brandywine Realty Trust

     232,759         3,365,695  

Campus Crest Communities, Inc.

     158,257         1,373,671  

Cedar Realty Trust, Inc.

     83,764         511,798  

Chambers Street Properties

     527,383         4,097,766  

Chatham Lodging Trust

     38,760         783,727  

Chesapeake Lodging Trust

     71,923         1,850,579  

CoreSite Realty Corp.

     25,867         801,877  

Corporate Office Properties Trust

     140,616         3,746,010  

Cousins Properties, Inc.

     114,209         1,309,977  

CubeSmart

     132,198         2,268,518  

CyrusOne, Inc.

     21,724         452,511  

DCT Industrial Trust, Inc.

     423,702         3,338,772  

DiamondRock Hospitality Co.

     199,978         2,349,742  

DuPont Fabros Technology, Inc.

     92,241         2,220,241  

EastGroup Properties, Inc.

     39,099         2,459,718  

Education Realty Trust, Inc.

     196,787         1,942,288  

Excel Trust, Inc.

     99,446         1,260,975  

FelCor Lodging Trust, Inc.

     44,965         406,484  

First Industrial Realty Trust, Inc.

     74,422         1,437,833  

First Potomac Realty Trust

     105,982         1,369,287  

Franklin Street Properties Corp.

     214,054         2,697,080  

Geo Group, Inc. (The)

     166,789         5,377,277  

Getty Realty Corp.

     49,948         943,518  

Gladstone Commercial Corp.

     42,756         741,389  

Glimcher Realty Trust

     212,506         2,131,435  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      47   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Government Properties Income Trust

     129,506       $ 3,263,551  

Healthcare Realty Trust, Inc.

     182,027         4,395,952  

Healthcare Trust of America, Inc. Class A

     354,580         4,038,666  

Hersha Hospitality Trust

     299,105         1,743,782  

Hudson Pacific Properties, Inc.

     44,812         1,033,813  

Inland Real Estate Corp.

     189,703         2,001,367  

Investors Real Estate Trust

     209,410         1,880,502  

Kite Realty Group Trust

     165,010         990,060  

LTC Properties, Inc.

     66,202         2,491,181  

Mack-Cali Realty Corp.

     167,865         3,489,913  

Medical Properties Trust, Inc.

     371,023         4,745,384  

Monmouth Real Estate Investment Corp. Class A

     99,897         953,017  

National Health Investors, Inc.

     47,991         2,901,536  

One Liberty Properties, Inc.

     35,870         764,748  

Parkway Properties, Inc.

     99,952         1,824,124  

Pebblebrook Hotel Trust

     46,662         1,575,776  

Pennsylvania Real Estate Investment Trust

     97,271         1,755,742  

Physicians Realty Trust

     23,611         328,665  

Post Properties, Inc.

     54,234         2,662,889  

Potlatch Corp.

     41,809         1,617,590  

Preferred Apartment Communities, Inc. Class A

     40,202         323,626  

PS Business Parks, Inc.

     21,641         1,809,620  

Ramco-Gershenson Properties Trust

     110,083         1,794,353  

Retail Opportunity Investments Corp.

     100,698         1,504,428  

Rouse Properties, Inc.

     42,491         732,545  

Ryman Hospitality Properties, Inc.

     82,791         3,520,273  

Sabra Health Care REIT, Inc.

     67,306         1,877,164  

Saul Centers, Inc.

     20,523         971,969  

Select Income REIT

     116,124         3,515,074  

Silver Bay Realty Trust Corp.

     3,284         50,968  

Sovran Self Storage, Inc.

     35,924         2,638,618  

STAG Industrial, Inc.

     91,004         2,193,196  

Summit Hotel Properties, Inc.

     152,504         1,415,237  

Sun Communities, Inc.

     73,796         3,327,462  

Sunstone Hotel Investors, Inc.

     94,529         1,297,883  

Terreno Realty Corp.

     25,268         477,818  

UMH Properties, Inc.

     52,915         517,509  

Universal Health Realty Income Trust

     26,697         1,127,681  

Urstadt Biddle Properties, Inc. Class A

     43,814         905,197  

Washington Real Estate Investment Trust

     116,290         2,777,005  

Whitestone REIT

     64,630         933,257  

Winthrop Realty Trust

     72,449         839,684  
     

 

 

 
Total Real Estate Investment Trusts (REITs)               146,512,092   
Real Estate Management & Development – 0.1%      

Alexander & Baldwin, Inc.

     6,343         269,958  

Consolidated-Tomoka Land Co.

     294         11,842  

Gladstone Land Corp.

     19,462         275,193  

Kennedy-Wilson Holdings, Inc.

     37,329         840,276  
     

 

 

 
Total Real Estate Management & Development               1,397,269  
Road & Rail – 0.8%      

Arkansas Best Corp.

     9,584         354,129  

Celadon Group, Inc.

     9,342         224,582  

Con-way, Inc.

     56,881         2,336,671  

Heartland Express, Inc.

     36,577       829,932  

Knight Transportation, Inc.

     104,953         2,427,563  

Marten Transport Ltd.

     16,879         363,236  

Universal Truckload Services, Inc.

     29,599         855,411  

Werner Enterprises, Inc.

     57,496         1,466,723  
     

 

 

 
Total Road & Rail               8,858,247  
Semiconductors & Semiconductor Equipment – 1.7%   

Brooks Automation, Inc.

     204,890         2,239,448  

Cohu, Inc.

     58,586         629,213  

Intersil Corp. Class A

     532,967         6,885,934  

IXYS Corp.

     29,568         335,597  

Micrel, Inc.

     116,537         1,291,230  

MKS Instruments, Inc.

     113,034         3,378,586  

Power Integrations, Inc.

     17,542         1,153,913  

Tessera Technologies, Inc.

     109,849         2,595,732  
     

 

 

 
Total Semiconductors & Semiconductor Equipment         18,509,653   
Software – 1.7%      

American Software, Inc. Class A

     99,577         1,012,698  

Blackbaud, Inc.

     61,202         1,915,623  

Compuware Corp.

     963,539         10,117,160  

Digimarc Corp.

     15,965         501,301  

Ebix, Inc.

     80,504         1,374,203  

EPIQ Systems, Inc.

     78,566         1,070,855  

Fair Isaac Corp.

     4,689         259,395  

Monotype Imaging Holdings, Inc.

     30,459         918,034  

Pegasystems, Inc.

     9,271         327,452  

QAD, Inc. Class A

     21,905         447,519  
     

 

 

 
Total Software               17,944,240   
Specialty Retail – 2.2%      

Aaron’s, Inc.

     22,597         683,333  

bebe Stores, Inc.

     151,590         927,731  

Big 5 Sporting Goods Corp.

     49,898         800,863  

Brown Shoe Co., Inc.

     43,444         1,153,004  

Cato Corp. (The) Class A

     19,444         525,766  

Destination Maternity Corp.

     32,967         903,296  

Finish Line, Inc. (The) Class A

     51,432         1,393,293  

Group 1 Automotive, Inc.

     23,234         1,525,544  

Haverty Furniture Cos., Inc.

     20,817         618,265  

Lithia Motors, Inc. Class A

     17,067         1,134,273  

Men’s Wearhouse, Inc. (The)

     66,848         3,274,215  

Monro Muffler Brake, Inc.

     25,468         1,448,620  

Pier 1 Imports, Inc.

     98,999         1,869,101  

Rent-A-Center, Inc.

     131,781         3,505,375  

Shoe Carnival, Inc.

     17,380         400,435  

Sonic Automotive, Inc. Class A

     16,686         375,101  

Stage Stores, Inc.

     73,275         1,791,574  

Stein Mart, Inc.

     65,992         924,548  

Winmark Corp.

     1,225         92,683  
     

 

 

 
Total Specialty Retail               23,347,020   
Technology Hardware, Storage & Peripherals – 1.8%   

Diebold, Inc.

     224,849         8,969,227  

Lexmark International, Inc. Class A

     224,580         10,395,808  

 

See Notes to Financial Statements.

 

48   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

TransAct Technologies, Inc.

     17,855       $ 205,154  
     

 

 

 
Total Technology Hardware, Storage & Peripherals         19,570,189   
Textiles, Apparel & Luxury Goods – 0.8%      

Cherokee, Inc.

     23,673         329,765  

Columbia Sportswear Co.

     46,642         3,854,961  

Culp, Inc.

     9,940         196,216  

Jones Group, Inc. (The)

     109,851         1,644,470  

Movado Group, Inc.

     13,422         611,372  

Oxford Industries, Inc.

     14,885         1,164,007  

R.G. Barry Corp.

     20,753         391,817  

Rocky Brands, Inc.

     20,454         294,333  

Superior Uniform Group, Inc.

     20,946         307,278  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               8,794,219   
Thrifts & Mortgage Finance – 1.5%      

Astoria Financial Corp.

     40,384         558,107  

Banc of California, Inc.

     21,366         262,161  

Bank Mutual Corp.

     26,379         167,243  

BankFinancial Corp.

     4,642         46,327  

Berkshire Hills Bancorp, Inc.

     23,504         608,284  

Brookline Bancorp, Inc.

     90,851         855,816  

Cape Bancorp, Inc.

     9,822         108,042  

Capitol Federal Financial, Inc.

     123,850         1,554,317  

Clifton Savings Bancorp, Inc.*

     17,038         199,685  

Dime Community Bancshares, Inc.

     42,843         727,474  

ESB Financial Corp.

     16,861         220,373  

ESSA Bancorp, Inc.

     7,490         81,416  

EverBank Financial Corp.

     27,393         540,464  

Federal Agricultural Mortgage Corp. Class C

     4,483         149,060  

First Defiance Financial Corp.

     5,151         139,695  

First Financial Northwest, Inc.

     8,447         85,737  

Fox Chase Bancorp, Inc.

     7,460         125,701  

Heritage Financial Group, Inc.

     2,776         54,548  

Hingham Institution for savings

     973         76,381  

Meta Financial Group, Inc.

     2,748         123,248  

Northfield Bancorp, Inc.

     36,117         464,465  

Northwest Bancshares, Inc.

     115,832         1,691,147  

OceanFirst Financial Corp.

     15,870         280,740  

Oritani Financial Corp.

     69,764         1,102,969  

Provident Financial Holdings, Inc.

     9,141         140,954  

Provident Financial Services, Inc.

     66,583         1,223,130  

Pulaski Financial Corp.

     13,264         139,935  

Radian Group, Inc.

     4,266         64,118  

Rockville Financial, Inc.

     25,863         351,478  

SI Financial Group, Inc.

     4,447         50,118  

Simplicity Bancorp, Inc.

     5,654         99,510  

Teche Holding Co.

     2,133         168,507  

Territorial Bancorp, Inc.

     8,304         179,366  

TrustCo Bank Corp.

     118,893         837,007  

United Financial Bancorp, Inc.

     15,551         285,983  

Washington Federal, Inc.

     61,062         1,422,745  

Westfield Financial, Inc.

     23,917         178,182  

WSFS Financial Corp.

     1,958         139,860  
     

 

 

 
Total Thrifts & Mortgage Finance               15,504,293  
Tobacco – 2.2%      

Universal Corp.

     88,986       4,973,428  

Vector Group Ltd.

     866,937         18,673,823  
     

 

 

 
Total Tobacco               23,647,251  
Trading Companies & Distributors – 2.1%      

Aceto Corp.

     29,958         601,856  

Applied Industrial Technologies, Inc.

     81,030         3,908,887  

GATX Corp.

     111,615         7,576,426  

Houston Wire & Cable Co.

     62,791         824,446  

Kaman Corp.

     44,583         1,813,636  

TAL International Group, Inc.*

     170,456         7,307,449  
     

 

 

 
Total Trading Companies & Distributors               22,032,700  
Water Utilities – 1.1%      

American States Water Co.

     108,333         3,498,073  

Artesian Resources Corp. Class A

     27,852         625,556  

California Water Service Group

     134,933         3,230,296  

Connecticut Water Service, Inc.

     31,724         1,084,009  

Middlesex Water Co.

     59,503         1,298,355  

SJW Corp.

     50,726         1,499,461  

York Water Co.

     33,346         680,258  
     

 

 

 
Total Water Utilities               11,916,008  
Wireless Telecommunication Services – 0.5%      

NTELOS Holdings Corp.

     181,376         2,448,576  

Shenandoah Telecommunications Co.

     35,777         1,155,239  

USA Mobility, Inc.

     78,395         1,424,437  
     

 

 

 
Total Wireless Telecommunication Services               5,028,252  
TOTAL COMMON STOCKS
(Cost: $914,856,981)
              1,056,915,569  
EXCHANGE-TRADED FUND – 0.3%      
WisdomTree MidCap Dividend Fund(a)
(Cost: $3,064,008)
     43,451         3,346,162  
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $917,920,989)
        1,060,261,731  

Other Assets in Excess of Liabilities – 0.2%

        2,263,648  
     

 

 

 
NET ASSETS – 100.0%             $ 1,062,525,379  
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      49   


Table of Contents

Schedule of Investments

WisdomTree U.S. Dividend Growth Fund (DGRW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.8%      
COMMON STOCKS – 99.8%      
Aerospace & Defense – 6.4%      

Boeing Co. (The)

     8,267       $ 1,037,426  

Honeywell International, Inc.

     12,274         1,138,536  

Huntington Ingalls Industries, Inc.

     353         36,098  

Lockheed Martin Corp.

     9,134         1,491,034  

Northrop Grumman Corp.

     3,750         462,675  

Precision Castparts Corp.

     64         16,176  

Raytheon Co.

     6,087         601,335  

Rockwell Collins, Inc.

     1,778         141,653  

United Technologies Corp.

     15,201         1,776,085  
     

 

 

 
Total Aerospace & Defense               6,701,018  
Air Freight & Logistics – 1.6%      

C.H. Robinson Worldwide, Inc.

     2,912         152,560  

Expeditors International of Washington, Inc.

     2,250         89,168  

FedEx Corp.

     1,047         138,790  

United Parcel Service, Inc. Class B

     13,251         1,290,382  
     

 

 

 
Total Air Freight & Logistics               1,670,900  
Airlines – 0.1%      

Alaska Air Group, Inc.

     595         55,519  
Auto Components – 0.5%      

BorgWarner, Inc.

     1,550         95,278  

Gentex Corp.

     1,870         58,961  

Johnson Controls, Inc.

     7,797         368,954  

Lear Corp.

     522         43,702  
     

 

 

 
Total Auto Components               566,895  
Automobiles – 0.2%      

Harley-Davidson, Inc.

     2,108         140,414  

Thor Industries, Inc.

     687         41,948  
     

 

 

 
Total Automobiles               182,362  
Beverages – 4.9%      

Beam, Inc.

     1,254         104,458  

Brown-Forman Corp. Class B

     1,011         90,677  

Coca-Cola Co. (The)

     71,827         2,776,832  

Coca-Cola Enterprises, Inc.

     2,905         138,743  

PepsiCo, Inc.

     24,859         2,075,726  
     

 

 

 
Total Beverages               5,186,436  
Biotechnology – 1.1%      

Amgen, Inc.

     9,664         1,191,958  
Building Products – 0.0%      

Lennox International, Inc.

     447         40,637  
Capital Markets – 1.5%      

Ameriprise Financial, Inc.

     2,760         303,793  

Charles Schwab Corp. (The)

     9,263         253,158  

Eaton Vance Corp.

     1,899         72,466  

Financial Engines, Inc.

     94         4,773  

Franklin Resources, Inc.

     3,459         187,409  

LPL Financial Holdings, Inc.

     1,286         67,566  

Raymond James Financial, Inc.

     1,213         67,843  

SEI Investments Co.

     1,546         51,961  

T. Rowe Price Group, Inc.

     3,677       302,801  

TD Ameritrade Holding Corp.

     6,750         229,163  

Waddell & Reed Financial, Inc. Class A

     1,141         84,000  
     

 

 

 
Total Capital Markets               1,624,933  
Chemicals – 3.4%      

Air Products & Chemicals, Inc.

     4,267         507,944  

Airgas, Inc.

     1,002         106,723  

Albemarle Corp.

     972         64,560  

Cabot Corp.

     846         49,965  

CF Industries Holdings, Inc.

     764         199,129  

Cytec Industries, Inc.

     133         12,982  

Eastman Chemical Co.

     1,941         167,334  

Ecolab, Inc.

     2,043         220,624  

FMC Corp.

     801         61,325  

H.B. Fuller Co.

     270         13,036  

Monsanto Co.

     6,114         695,590  

Mosaic Co. (The)

     5,084         254,200  

PolyOne Corp.

     546         20,016  

PPG Industries, Inc.

     1,446         279,743  

Praxair, Inc.

     4,284         561,075  

Scotts Miracle-Gro Co. (The) Class A

     1,366         83,708  

Sherwin-Williams Co. (The)

     885         174,460  

Sigma-Aldrich Corp.

     906         84,602  
     

 

 

 
Total Chemicals               3,557,016  
Commercial Services & Supplies – 0.1%      

Cintas Corp.

     1,283         76,480  
Communications Equipment – 3.0%      

Cisco Systems, Inc.

     84,159         1,886,003  

QUALCOMM, Inc.

     15,645         1,233,765  
     

 

 

 
Total Communications Equipment               3,119,768  
Construction & Engineering – 0.1%      

Fluor Corp.

     1,068         83,016  

KBR, Inc.

     1,225         32,683  
     

 

 

 
Total Construction & Engineering               115,699  
Consumer Finance – 1.1%      

American Express Co.

     8,815         793,614  

Discover Financial Services

     5,394         313,877  
     

 

 

 
Total Consumer Finance               1,107,491  
Containers & Packaging – 0.1%      

AptarGroup, Inc.

     763         50,434  

Ball Corp.

     1,149         62,977  

Silgan Holdings, Inc.

     600         29,712  
     

 

 

 
Total Containers & Packaging               143,123  
Distributors – 0.3%      

Genuine Parts Co.

     3,125         271,406  

Pool Corp.

     496         30,415  
     

 

 

 
Total Distributors               301,821  
Diversified Consumer Services – 0.2%      

H&R Block, Inc.

     6,014         181,563  

Sotheby’s

     442         19,249  
     

 

 

 
Total Diversified Consumer Services               200,812  

 

See Notes to Financial Statements.

 

50   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Dividend Growth Fund (DGRW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Diversified Financial Services – 0.7%      

CBOE Holdings, Inc.

     955       $ 54,053  

CME Group, Inc.

     5,507         407,573  

MarketAxess Holdings, Inc.

     204         12,081  

McGraw Hill Financial, Inc.

     3,116         237,751  
     

 

 

 
Total Diversified Financial Services               711,458  
Electrical Equipment – 1.4%      

Acuity Brands, Inc.

     173         22,935  

AMETEK, Inc.

     910         46,856  

Babcock & Wilcox Co. (The)

     1,028         34,130  

Emerson Electric Co.

     13,904         928,787  

EnerSys

     224         15,521  

Hubbell, Inc. Class B

     759         90,981  

Regal-Beloit Corp.

     375         27,266  

Rockwell Automation, Inc.

     2,184         272,017  

Roper Industries, Inc.

     383         51,134  
     

 

 

 
Total Electrical Equipment               1,489,627  
Electronic Equipment, Instruments & Components – 0.5%      

Amphenol Corp. Class A

     727         66,630  

Avnet, Inc.

     923         42,947  

Belden, Inc.

     72         5,011  

Corning, Inc.

     16,230         337,909  

FEI Co.

     99         10,199  

FLIR Systems, Inc.

     825         29,700  

Jabil Circuit, Inc.

     1,935         34,830  
     

 

 

 
Total Electronic Equipment, Instruments & Components         527,226  
Energy Equipment & Services – 1.5%      

Baker Hughes, Inc.

     3,812         247,856  

Bristow Group, Inc.

     396         29,906  

CARBO Ceramics, Inc.

     195         26,908  

Diamond Offshore Drilling, Inc.

     6,673         325,376  

Halliburton Co.

     7,842         461,815  

National Oilwell Varco, Inc.

     4,368         340,136  

RPC, Inc.

     3,947         80,598  

Tidewater, Inc.

     671         32,624  
     

 

 

 
Total Energy Equipment & Services               1,545,219  
Food & Staples Retailing – 5.6%      

Costco Wholesale Corp.

     2,669         298,074  

CVS Caremark Corp.

     8,954         670,296  

PriceSmart, Inc.

     97         9,790  

Safeway, Inc.

     3,368         124,414  

Sysco Corp.

     10,455         377,739  

Walgreen Co.

     12,078         797,510  

Wal-Mart Stores, Inc.

     45,474         3,475,578  

Whole Foods Market, Inc.

     1,805         91,532  
     

 

 

 
Total Food & Staples Retailing               5,844,933  
Food Products – 1.6%      

Campbell Soup Co.

     5,219         234,229  

Flowers Foods, Inc.

     2,427         52,059  

General Mills, Inc.

     11,297         585,411  

Hershey Co. (The)

     1,893         197,629  

Hillshire Brands Co.

     1,501         55,927  

Hormel Foods Corp.

     2,326       114,602  

Ingredion, Inc.

     982         66,855  

Kellogg Co.

     6,371         399,525  
     

 

 

 
Total Food Products               1,706,237  
Gas Utilities – 0.1%      

National Fuel Gas Co.

     1,353         94,764  
Health Care Equipment & Supplies – 3.8%      

Abbott Laboratories

     27,506         1,059,256  

Baxter International, Inc.

     12,142         893,408  

Becton, Dickinson and Co.

     2,719         318,341  

C.R. Bard, Inc.

     393         58,156  

DENTSPLY International, Inc.

     586         26,980  

Medtronic, Inc.

     14,859         914,423  

ResMed, Inc.

     2,422         108,239  

St. Jude Medical, Inc.

     3,715         242,924  

STERIS Corp.

     831         39,680  

Stryker Corp.

     4,182         340,708  

West Pharmaceutical Services, Inc.

     468         20,615  
     

 

 

 
Total Health Care Equipment & Supplies               4,022,730  
Health Care Providers & Services – 1.8%      

Aetna, Inc.

     3,370         252,649  

AmerisourceBergen Corp.

     2,397         157,219  

Cigna Corp.

     84         7,033  

Humana, Inc.

     1,284         144,733  

McKesson Corp.

     1,053         185,928  

Quest Diagnostics, Inc.

     2,538         147,001  

UnitedHealth Group, Inc.

     11,976         981,912  

Universal Health Services, Inc. Class B

     196         16,086  
     

 

 

 
Total Health Care Providers & Services               1,892,561  
Hotels, Restaurants & Leisure – 4.8%      

Brinker International, Inc.

     1,105         57,957  

Cheesecake Factory, Inc. (The)

     466         22,196  

Cracker Barrel Old Country Store, Inc.

     498         48,425  

Darden Restaurants, Inc.

     4,204         213,395  

Dunkin’ Brands Group, Inc.

     1,298         65,134  

International Game Technology

     4,563         64,156  

Las Vegas Sands Corp.

     11,336         915,722  

McDonald’s Corp.

     25,904         2,539,369  

Starbucks Corp.

     7,729         567,154  

Yum! Brands, Inc.

     6,964         525,016  
     

 

 

 
Total Hotels, Restaurants & Leisure               5,018,524  
Household Durables – 0.4%      

Harman International Industries, Inc.

     750         79,800  

Leggett & Platt, Inc.

     4,200         137,088  

Tupperware Brands Corp.

     1,042         87,278  

Whirlpool Corp.

     980         146,471  
     

 

 

 
Total Household Durables               450,637  
Household Products – 5.1%      

Church & Dwight Co., Inc.

     1,365         94,280  

Colgate-Palmolive Co.

     11,370         737,572  

Kimberly-Clark Corp.

     6,876         758,079  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      51   


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Dividend Growth Fund (DGRW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Procter & Gamble Co. (The)

     46,190       $ 3,722,914  
     

 

 

 
Total Household Products               5,312,845  
Industrial Conglomerates – 1.3%      

3M Co.

     9,677         1,312,782  

Carlisle Cos., Inc.

     575         45,620  

Danaher Corp.

     737         55,275  
     

 

 

 
Total Industrial Conglomerates               1,413,677  
Insurance – 0.9%      

Aflac, Inc.

     7,998         504,194  

AmTrust Financial Services, Inc.

     1,105         41,559  

Marsh & McLennan Cos., Inc.

     8,773         432,509  
     

 

 

 
Total Insurance               978,262  
Internet & Catalog Retail – 0.1%      

Expedia, Inc.

     825         59,813  

HSN, Inc.

     655         39,123  
     

 

 

 
Total Internet & Catalog Retail               98,936  
Internet Software & Services – 0.0%      

IAC/InterActiveCorp

     626         44,690  
IT Services – 3.5%      

Automatic Data Processing, Inc.

     5,646         436,210  

Broadridge Financial Solutions, Inc.

     1,266         47,019  

DST Systems, Inc.

     300         28,437  

Global Payments, Inc.

     66         4,693  

International Business Machines Corp.

     11,186         2,153,193  

Jack Henry & Associates, Inc.

     549         30,612  

MasterCard, Inc. Class A

     1,666         124,450  

MAXIMUS, Inc.

     157         7,043  

Paychex, Inc.

     5,719         243,630  

Total System Services, Inc.

     1,141         34,698  

Visa, Inc. Class A

     1,853         399,989  

Western Union Co. (The)

     7,877         128,868  
     

 

 

 
Total IT Services               3,638,842  
Leisure Products – 0.6%      

Brunswick Corp.

     629         28,487  

Hasbro, Inc.

     3,048         169,530  

Mattel, Inc.

     8,294         332,672  

Polaris Industries, Inc.

     646         90,253  
     

 

 

 
Total Leisure Products               620,942  
Life Sciences Tools & Services – 0.1%      

Agilent Technologies, Inc.

     2,087         116,705  

Techne Corp.

     418         35,685  
     

 

 

 
Total Life Sciences Tools & Services               152,390  
Machinery – 2.3%      

AGCO Corp.

     515         28,407  

CLARCOR, Inc.

     443         25,406  

Cummins, Inc.

     2,661         396,462  

Donaldson Co., Inc.

     1,372         58,173  

Dover Corp.

     2,143         175,190  

Flowserve Corp.

     807         63,220  

Graco, Inc.

     651         48,656  

IDEX Corp.

     827         60,280  

Illinois Tool Works, Inc.

     7,056       573,865  

Joy Global, Inc.

     1,062         61,596  

Kennametal, Inc.

     891         39,471  

Lincoln Electric Holdings, Inc.

     826         59,480  

Nordson Corp.

     495         34,893  

Oshkosh Corp.

     777         45,742  

PACCAR, Inc.

     3,768         254,114  

Pall Corp.

     1,164         104,143  

Parker Hannifin Corp.

     1,666         199,437  

Snap-on, Inc.

     763         86,585  

Toro Co. (The)

     432         27,298  

Valmont Industries, Inc.

     151         22,475  

Wabtec Corp.

     150         11,625  

Woodward, Inc.

     394         16,363  
     

 

 

 
Total Machinery               2,392,881  
Media – 3.6%      

Comcast Corp. Class A

     25,473         1,274,160  

Comcast Corp. Special Class A

     5,833         284,417  

John Wiley & Sons, Inc. Class A

     699         40,290  

Morningstar, Inc.

     199         15,725  

Scripps Networks Interactive, Inc. Class A

     658         49,949  

Time Warner Cable, Inc.

     4,191         574,921  

Twenty-First Century Fox, Inc. Class A

     8,485         271,265  

Twenty-First Century Fox, Inc. Class B

     4,690         145,953  

Walt Disney Co. (The)

     14,373         1,150,846  
     

 

 

 
Total Media               3,807,526  
Metals & Mining – 1.3%      

Freeport-McMoRan Copper & Gold, Inc.

     28,433         940,279  

Southern Copper Corp.

     11,552         336,279  

Steel Dynamics, Inc.

     4,041         71,889  
     

 

 

 
Total Metals & Mining               1,348,447  
Multiline Retail – 1.3%      

Family Dollar Stores, Inc.

     1,470         85,275  

Macy’s, Inc.

     5,577         330,660  

Nordstrom, Inc.

     2,982         186,226  

Target Corp.

     13,178         797,401  
     

 

 

 
Total Multiline Retail               1,399,562  
Oil, Gas & Consumable Fuels – 7.1%      

Apache Corp.

     2,834         235,080  

Cabot Oil & Gas Corp.

     757         25,647  

Cimarex Energy Co.

     369         43,952  

EQT Corp.

     173         16,776  

Exxon Mobil Corp.

     60,632         5,922,534  

HollyFrontier Corp.

     3,808         181,185  

Marathon Oil Corp.

     11,772         418,141  

Marathon Petroleum Corp.

     4,469         388,982  

Murphy Oil Corp.

     2,817         177,077  

Pioneer Natural Resources Co.

     53         9,918  

QEP Resources, Inc.

     375         11,040  

SM Energy Co.

     75         5,347  

Western Refining, Inc.

     1,329         51,299  
     

 

 

 
Total Oil, Gas & Consumable Fuels               7,486,978  

 

See Notes to Financial Statements.

 

52   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Dividend Growth Fund (DGRW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Personal Products – 0.2%      

Avon Products, Inc.

     3,399       $ 49,762  

Estee Lauder Cos., Inc. (The) Class A

     1,481         99,049  

Nu Skin Enterprises, Inc. Class A

     305         25,269  
     

 

 

 
Total Personal Products               174,080  
Pharmaceuticals – 1.8%      

Allergan, Inc.

     462         57,334  

Bristol-Myers Squibb Co.

     33,720         1,751,754  

Questcor Pharmaceuticals, Inc.

     996         64,671  
     

 

 

 
Total Pharmaceuticals               1,873,759  
Professional Services – 0.2%      

Equifax, Inc.

     1,259         85,650  

Robert Half International, Inc.

     1,730         72,573  

Towers Watson & Co. Class A

     159         18,134  
     

 

 

 
Total Professional Services               176,357  
Real Estate Investment Trusts (REITs) – 0.2%      

Corrections Corp. of America

     5,256         164,618  
Real Estate Management & Development – 0.0%      

Jones Lang LaSalle, Inc.

     150         17,775  
Road & Rail – 2.4%      

CSX Corp.

     16,731         484,697  

J.B. Hunt Transport Services, Inc.

     740         53,221  

Kansas City Southern

     614         62,665  

Landstar System, Inc.

     1,280         75,801  

Norfolk Southern Corp.

     5,447         529,285  

Union Pacific Corp.

     6,860         1,287,348  
     

 

 

 
Total Road & Rail               2,493,017  
Semiconductors & Semiconductor Equipment – 4.1%   

Altera Corp.

     2,905         105,277  

Analog Devices, Inc.

     4,136         219,787  

Broadcom Corp. Class A

     3,813         120,033  

Intel Corp.

     86,303         2,227,481  

KLA-Tencor Corp.

     2,303         159,229  

Linear Technology Corp.

     2,586         125,912  

LSI Corp.

     2,839         31,428  

Maxim Integrated Products, Inc.

     4,976         164,805  

Microchip Technology, Inc.

     3,161         150,969  

NVIDIA Corp.

     6,336         113,478  

Texas Instruments, Inc.

     14,782         696,971  

Xilinx, Inc.

     2,898         157,275  
     

 

 

 
Total Semiconductors & Semiconductor Equipment         4,272,645  
Software – 5.5%      

Activision Blizzard, Inc.

     3,727         76,180  

FactSet Research Systems, Inc.

     274         29,540  

Intuit, Inc.

     1,350         104,935  

Microsoft Corp.

     103,855         4,257,016  

Oracle Corp.

     30,660         1,254,301  

Solera Holdings, Inc.

     311         19,699  
     

 

 

 
Total Software               5,741,671  
Specialty Retail – 3.4%      

Abercrombie & Fitch Co. Class A

     1,446       55,671  

Advance Auto Parts, Inc.

     145         18,343  

Buckle, Inc. (The)

     616         28,213  

Chico’s FAS, Inc.

     1,479         23,708  

Dick’s Sporting Goods, Inc.

     720         39,319  

DSW, Inc. Class A

     600         21,516  

GameStop Corp. Class A

     1,954         80,309  

Gap, Inc. (The)

     7,426         297,486  

GNC Holdings, Inc. Class A

     797         35,084  

Home Depot, Inc. (The)

     21,519         1,702,798  

Lowe’s Cos., Inc.

     12,048         589,147  

Penske Automotive Group, Inc.

     1,060         45,326  

PetSmart, Inc.

     900         62,001  

Ross Stores, Inc.

     1,549         110,831  

TJX Cos., Inc. (The)

     5,101         309,376  

Tractor Supply Co.

     768         54,244  

Williams-Sonoma, Inc.

     1,583         105,491  
     

 

 

 
Total Specialty Retail               3,578,863  
Technology Hardware, Storage & Peripherals – 4.2%      

Apple, Inc.

     6,897         3,701,896  

EMC Corp.

     16,926         463,941  

NetApp, Inc.

     2,442         90,110  

SanDisk Corp.

     1,415         114,884  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               4,370,831  
Textiles, Apparel & Luxury Goods – 1.2%      

Coach, Inc.

     5,259         261,162  

Hanesbrands, Inc.

     875         66,920  

NIKE, Inc. Class B

     5,849         432,007  

PVH Corp.

     75         9,358  

Ralph Lauren Corp.

     472         75,959  

VF Corp.

     5,936         367,319  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               1,212,725  
Tobacco – 2.1%      

Altria Group, Inc.

     58,628         2,194,446  
Trading Companies & Distributors – 0.5%      

Fastenal Co.

     4,719         232,741  

MSC Industrial Direct Co., Inc. Class A

     618         53,469  

W.W. Grainger, Inc.

     778         196,570  

Watsco, Inc.

     385         38,465  
     

 

 

 
Total Trading Companies & Distributors               521,245  
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $98,262,846)
        104,634,794  

Other Assets in Excess of Liabilities – 0.2%

        166,762  
     

 

 

 
NET ASSETS – 100.0%             $ 104,801,556  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      53   


Table of Contents

Schedule of Investments

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.8%      
COMMON STOCKS – 99.8%      
Aerospace & Defense – 1.7%      

AAR Corp.

     2,357       $ 61,164  

American Science & Engineering, Inc.

     1,359         91,284  

Cubic Corp.

     786         40,141  

Curtiss-Wright Corp.

     1,929         122,569  

HEICO Corp.

     302         18,168  

HEICO Corp. Class A

     624         27,088  

National Presto Industries, Inc.

     524         40,893  
     

 

 

 
Total Aerospace & Defense               401,307  
Air Freight & Logistics – 0.3%      

Forward Air Corp.

     1,721         79,355  
Auto Components – 1.0%      

Cooper Tire & Rubber Co.

     6,260         152,118  

Standard Motor Products, Inc.

     1,882         67,319  

Strattec Security Corp.

     233         16,830  
     

 

 

 
Total Auto Components               236,267  
Banks – 4.6%      

Access National Corp.

     1,987         32,209  

BancFirst Corp.

     2,275         128,833  

Bank of the Ozarks, Inc.

     3,766         256,314  

Cardinal Financial Corp.

     2,815         50,191  

Center Bancorp, Inc.

     1,647         31,293  

Community Bank System, Inc.

     4,120         160,762  

Heartland Financial USA, Inc.

     1,688         45,559  

Old National Bancorp

     17,460         260,329  

Pinnacle Financial Partners, Inc.

     2,363         88,589  

Washington Banking Co.

     3,425         60,897  
     

 

 

 
Total Banks               1,114,976  
Building Products – 1.3%      

AAON, Inc.

     1,477         41,164  

Apogee Enterprises, Inc.

     1,765         58,651  

Insteel Industries, Inc.

     645         12,687  

Simpson Manufacturing Co., Inc.

     4,096         144,712  

Universal Forest Products, Inc.

     1,016         56,225  
     

 

 

 
Total Building Products               313,439  
Capital Markets – 3.5%      

Calamos Asset Management, Inc. Class A

     6,204         80,218  

Cohen & Steers, Inc.

     6,103         243,204  

FXCM, Inc. Class A

     4,341         64,117  

GAMCO Investors, Inc. Class A

     134         10,405  

Janus Capital Group, Inc.

     30,565         332,242  

Pzena Investment Management, Inc. Class A

     918         10,805  

Westwood Holdings Group, Inc.

     1,709         107,137  
     

 

 

 
Total Capital Markets               848,128  
Chemicals – 6.7%      

A. Schulman, Inc.

     4,573         165,817  

American Vanguard Corp.

     1,572         34,034  

Balchem Corp.

     743         38,725  

Chase Corp.

     865         27,273  

FutureFuel Corp.

     8,277       168,023  

Hawkins, Inc.

     932         34,242  

Innophos Holdings, Inc.

     4,925         279,248  

Innospec, Inc.

     2,815         127,322  

KMG Chemicals, Inc.

     548         8,593  

Koppers Holdings, Inc.

     1,482         61,103  

Minerals Technologies, Inc.

     763         49,259  

Olin Corp.

     14,689         405,563  

Quaker Chemical Corp.

     1,146         90,339  

Stepan Co.

     1,540         99,422  

Zep, Inc.

     1,668         29,524  
     

 

 

 
Total Chemicals               1,618,487  
Commercial Services & Supplies – 11.1%      

ABM Industries, Inc.

     7,297         209,716  

CECO Environmental Corp.

     2,056         34,109  

Deluxe Corp.

     6,154         322,900  

Ennis, Inc.

     6,540         108,368  

G&K Services, Inc. Class A

     2,094         128,090  

Healthcare Services Group, Inc.

     10,373         301,439  

Herman Miller, Inc.

     6,152         197,664  

Interface, Inc.

     2,338         48,046  

Kimball International, Inc. Class B

     2,708         49,042  

Knoll, Inc.

     8,671         157,725  

McGrath Rentcorp

     3,830         133,897  

Mobile Mini, Inc.

     4,944         214,372  

MSA Safety, Inc.

     5,438         309,966  

Steelcase, Inc. Class A

     13,731         228,072  

U.S. Ecology, Inc.

     1,667         61,879  

UniFirst Corp.

     134         14,732  

United Stationers, Inc.

     3,025         124,237  

Viad Corp.

     1,760         42,310  
     

 

 

 
Total Commercial Services & Supplies               2,686,564  
Communications Equipment – 1.7%      

ADTRAN, Inc.

     5,304         129,471  

InterDigital, Inc.

     3,391         112,276  

Plantronics, Inc.

     2,710         120,459  

TESSCO Technologies, Inc.

     994         37,136  
     

 

 

 
Total Communications Equipment               399,342  
Construction & Engineering – 0.4%      

Comfort Systems USA, Inc.

     2,646         40,325  

Primoris Services Corp.

     1,512         45,330  
     

 

 

 
Total Construction & Engineering               85,655  
Consumer Finance – 0.1%      

Cash America International, Inc.

     696         26,949  
Containers & Packaging – 1.2%      

Greif, Inc. Class A

     5,544         291,005  
Distributors – 0.3%      

Core-Mark Holding Co., Inc.

     911         66,139  
Diversified Consumer Services – 2.2%      

Carriage Services, Inc.

     691         12,604  

DeVry Education Group, Inc.

     4,130         175,070  

 

See Notes to Financial Statements.

 

54   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Hillenbrand, Inc.

     8,337       $ 269,535  

Matthews International Corp. Class A

     1,754         71,581  
     

 

 

 
Total Diversified Consumer Services               528,790  
Diversified Financial Services – 0.2%      

Marlin Business Services Corp.

     1,398         29,092  

MicroFinancial, Inc.

     3,109         24,468  
     

 

 

 
Total Diversified Financial Services               53,560  
Diversified Telecommunication Services – 0.2%      

HickoryTech Corp.

     4,121         52,708  
Electrical Equipment – 1.3%      

Allied Motion Technologies, Inc.

     479         5,552  

AZZ, Inc.

     1,787         79,843  

Encore Wire Corp.

     204         9,896  

Franklin Electric Co., Inc.

     2,033         86,443  

Global Power Equipment Group, Inc.

     2,008         39,939  

Powell Industries, Inc.

     1,065         69,012  

Preformed Line Products Co.

     369         25,295  
     

 

 

 
Total Electrical Equipment               315,980  
Electronic Equipment, Instruments & Components – 4.4%   

AVX Corp.

     24,073         317,282  

Badger Meter, Inc.

     1,333         73,448  

CTS Corp.

     2,010         41,969  

Daktronics, Inc.

     6,808         97,967  

Electro Rent Corp.

     6,883         121,072  

Littelfuse, Inc.

     1,452         135,965  

Mesa Laboratories, Inc.

     189         17,057  

Methode Electronics, Inc.

     2,067         63,374  

MTS Systems Corp.

     1,834         125,611  

Park Electrochemical Corp.

     2,018         60,278  
     

 

 

 
Total Electronic Equipment, Instruments & Components         1,054,023  
Energy Equipment & Services – 0.7%      

Gulfmark Offshore, Inc. Class A

     3,957         177,828  
Food & Staples Retailing – 0.5%      

Andersons, Inc. (The)

     1,357         80,389  

Ingles Markets, Inc. Class A

     1,244         29,632  
     

 

 

 
Total Food & Staples Retailing               110,021  
Food Products – 1.8%      

Alico, Inc.

     593         22,356  

Calavo Growers, Inc.

     2,390         85,036  

Cal-Maine Foods, Inc.

     716         44,950  

J&J Snack Foods Corp.

     906         86,949  

Lancaster Colony Corp.

     1,849         183,828  

Lifeway Foods, Inc.

     553         8,129  

Limoneira Co.

     572         12,973  
     

 

 

 
Total Food Products               444,221  
Health Care Equipment & Supplies – 2.9%      

Analogic Corp.

     367         30,134  

Atrion Corp.

     140         42,860  

Cantel Medical Corp.

     709         23,908  

CONMED Corp.

     3,601         156,463  

CryoLife, Inc.

     1,876         18,685  

Hill-Rom Holdings, Inc.

     5,313       204,763  

LeMaitre Vascular, Inc.

     1,478         11,927  

Meridian Bioscience, Inc.

     8,250         179,768  

Utah Medical Products, Inc.

     455         26,313  
     

 

 

 
Total Health Care Equipment & Supplies               694,821  
Health Care Providers & Services – 0.7%      

Chemed Corp.

     1,241         111,007  

Ensign Group, Inc. (The)

     851         37,138  

U.S. Physical Therapy, Inc.

     924         31,943  
     

 

 

 
Total Health Care Providers & Services               180,088  
Health Care Technology – 1.6%      

Computer Programs & Systems, Inc.

     2,444         157,882  

Quality Systems, Inc.

     13,419         226,513  
     

 

 

 
Total Health Care Technology               384,395  
Hotels, Restaurants & Leisure – 4.1%      

Bob Evans Farms, Inc.

     3,740         187,112  

Churchill Downs, Inc.

     1,153         105,269  

Einstein Noah Restaurant Group, Inc.

     4,011         66,021  

Frisch’s Restaurants, Inc.

     1,001         23,694  

International Speedway Corp. Class A

     1,130         38,409  

Interval Leisure Group, Inc.

     5,466         142,881  

Papa John’s International, Inc.

     3,289         171,390  

Ruth’s Hospitality Group, Inc.

     2,731         33,018  

Texas Roadhouse, Inc.

     8,119         211,743  
     

 

 

 
Total Hotels, Restaurants & Leisure               979,537  
Household Durables – 1.7%      

Bassett Furniture Industries, Inc.

     1,049         15,578  

Ethan Allen Interiors, Inc.

     2,615         66,552  

Hooker Furniture Corp.

     1,585         24,821  

La-Z-Boy, Inc.

     1,863         50,487  

Lifetime Brands, Inc.

     776         13,859  

M.D.C. Holdings, Inc.

     6,193         175,138  

NACCO Industries, Inc. Class A

     679         36,809  

Ryland Group, Inc. (The)

     904         36,097  
     

 

 

 
Total Household Durables               419,341  
Household Products – 0.8%      

Orchids Paper Products Co.

     2,405         73,593  

WD-40 Co.

     1,699         131,791  
     

 

 

 
Total Household Products               205,384  
Industrial Conglomerates – 0.3%      

Raven Industries, Inc.

     2,514         82,334  
Insurance – 3.3%      

AMERISAFE, Inc.

     958         42,066  

Crawford & Co. Class A

     5,258         49,110  

Employers Holdings, Inc.

     1,632         33,015  

HCI Group, Inc.

     1,716         62,462  

Infinity Property & Casualty Corp.

     1,267         85,687  

National Interstate Corp.

     2,460         65,953  

Primerica, Inc.

     3,732         175,814  

RLI Corp.

     2,816         124,580  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      55   


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Selective Insurance Group, Inc.

     7,250       $ 169,070  
     

 

 

 
Total Insurance               807,757  
Internet & Catalog Retail – 0.3%      

PetMed Express, Inc.

     5,750         77,108  
Internet Software & Services – 1.4%      

j2 Global, Inc.

     6,699         335,285  
IT Services – 2.3%      

Computer Task Group, Inc.

     1,320         22,427  

Convergys Corp.

     5,786         126,771  

CSG Systems International, Inc.

     4,837         125,956  

Forrester Research, Inc.

     2,124         76,145  

Hackett Group, Inc. (The)

     3,190         19,076  

Heartland Payment Systems, Inc.

     1,468         60,849  

ManTech International Corp. Class A

     4,667         137,256  
     

 

 

 
Total IT Services               568,480  
Leisure Products – 0.9%      

Arctic Cat, Inc.

     639         30,538  

Johnson Outdoors, Inc. Class A

     616         15,659  

Marine Products Corp.

     3,178         23,898  

Sturm Ruger & Co., Inc.

     2,583         154,463  
     

 

 

 
Total Leisure Products               224,558  
Machinery – 4.1%      

Alamo Group, Inc.

     369         20,048  

Albany International Corp. Class A

     2,895         102,888  

Altra Industrial Motion Corp.

     2,132         76,112  

Astec Industries, Inc.

     1,054         46,281  

Barnes Group, Inc.

     3,810         146,571  

CIRCOR International, Inc.

     203         14,886  

Dynamic Materials Corp.

     615         11,710  

ESCO Technologies, Inc.

     1,524         53,630  

Gorman-Rupp Co. (The)

     1,898         60,337  

Graham Corp.

     210         6,689  

John Bean Technologies Corp.

     2,202         68,042  

Kadant, Inc.

     834         30,416  

L.B. Foster Co. Class A

     170         7,964  

Lindsay Corp.

     495         43,649  

NN, Inc.

     1,060         20,882  

Standex International Corp.

     505         27,058  

Sun Hydraulics Corp.

     1,565         67,780  

Tennant Co.

     1,239         81,303  

Titan International, Inc.

     371         7,045  

Watts Water Technologies, Inc. Class A

     1,510         88,622  
     

 

 

 
Total Machinery               981,913  
Marine – 0.2%      

International Shipholding Corp.

     1,687         49,665  
Media – 0.9%      

Meredith Corp.

     4,577         212,510  
Metals & Mining – 3.4%      

Compass Minerals International, Inc.

     3,492         288,160  

Haynes International, Inc.

     1,384         74,736  

Kaiser Aluminum Corp.

     2,185         156,053  

Materion Corp.

     1,820       61,753  

Olympic Steel, Inc.

     203         5,826  

Synalloy Corp.

     944         13,556  

US Silica Holdings, Inc.

     5,579         212,950  
     

 

 

 
Total Metals & Mining               813,034  
Multiline Retail – 0.2%      

Fred’s, Inc. Class A

     3,388         61,018  
Oil, Gas & Consumable Fuels – 2.1%      

Adams Resources & Energy, Inc.

     405         23,458  

Delek US Holdings, Inc.

     7,556         219,426  

Panhandle Oil and Gas, Inc. Class A

     541         23,593  

W&T Offshore, Inc.

     13,271         229,721  
     

 

 

 
Total Oil, Gas & Consumable Fuels               496,198  
Paper & Forest Products – 1.2%      

Deltic Timber Corp.

     503         32,811  

Neenah Paper, Inc.

     1,980         102,405  

PH Glatfelter Co.

     4,135         112,555  

Wausau Paper Corp.

     3,165         40,290  
     

 

 

 
Total Paper & Forest Products               288,061  
Personal Products – 0.4%      

Inter Parfums, Inc.

     2,808         101,678  
Professional Services – 1.7%      

Barrett Business Services, Inc.

     357         21,267  

Corporate Executive Board Co. (The)

     2,452         182,012  

Exponent, Inc.

     624         46,837  

Insperity, Inc.

     3,131         96,998  

Kelly Services, Inc. Class A

     1,760         41,765  

VSE Corp.

     241         12,701  
     

 

 

 
Total Professional Services               401,580  
Real Estate Investment Trusts (REITs) – 4.5%      

Geo Group, Inc. (The)

     9,346         301,315  

Getty Realty Corp.

     9,613         181,589  

National Health Investors, Inc.

     7,417         448,432  

Potlatch Corp.

     4,274         165,361  
     

 

 

 
Total Real Estate Investment Trusts (REITs)               1,096,697  
Road & Rail – 2.1%      

Celadon Group, Inc.

     576         13,847  

Con-way, Inc.

     3,500         143,780  

Heartland Express, Inc.

     2,238         50,780  

Knight Transportation, Inc.

     6,396         147,939  

Marten Transport Ltd.

     1,033         22,230  

Universal Truckload Services, Inc.

     1,804         52,136  

Werner Enterprises, Inc.

     3,494         89,132  
     

 

 

 
Total Road & Rail               519,844  
Semiconductors & Semiconductor Equipment – 0.8%      

IXYS Corp.

     2,025         22,984  

Micrel, Inc.

     7,766         86,047  

Power Integrations, Inc.

     1,176         77,357  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               186,388  

 

See Notes to Financial Statements.

 

56   WisdomTree Domestic Dividend Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Software – 1.6%      

Blackbaud, Inc.

     4,145       $ 129,738  

Ebix, Inc.

     5,365         91,581  

EPIQ Systems, Inc.

     5,803         79,095  

Fair Isaac Corp.

     307         16,983  

Monotype Imaging Holdings, Inc.

     2,071         62,420  
     

 

 

 
Total Software               379,817  
Specialty Retail – 3.9%      

Aaron’s, Inc.

     1,476         44,634  

Big 5 Sporting Goods Corp.

     3,263         52,371  

Cato Corp. (The) Class A

     1,154         31,204  

Destination Maternity Corp.

     2,222         60,883  

Finish Line, Inc. (The) Class A

     3,475         94,138  

Group 1 Automotive, Inc.

     1,579         103,677  

Haverty Furniture Cos., Inc.

     1,425         42,322  

Lithia Motors, Inc. Class A

     1,152         76,562  

Monro Muffler Brake, Inc.

     1,719         97,777  

Pier 1 Imports, Inc.

     6,641         125,382  

Sonic Automotive, Inc. Class A

     1,094         24,593  

Stage Stores, Inc.

     4,939         120,759  

Stein Mart, Inc.

     4,388         61,476  

Winmark Corp.

     79         5,977  
     

 

 

 
Total Specialty Retail               941,755  
Technology Hardware, Storage & Peripherals – 0.1%      

TransAct Technologies, Inc.

     1,172         13,466  
Textiles, Apparel & Luxury Goods – 1.9%      

Cherokee, Inc.

     1,614         22,483  

Columbia Sportswear Co.

     3,140         259,521  

Culp, Inc.

     629         12,417  

Movado Group, Inc.

     900         40,995  

Oxford Industries, Inc.

     1,007         78,747  

R.G. Barry Corp.

     1,386         26,168  

Superior Uniform Group, Inc.

     1,409         20,670  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               461,001  
Thrifts & Mortgage Finance – 1.6%      

EverBank Financial Corp.

     5,378         106,108  

OceanFirst Financial Corp.

     3,343         59,138  

Oritani Financial Corp.

     13,444         212,549  
     

 

 

 
Total Thrifts & Mortgage Finance               377,795  
Trading Companies & Distributors – 3.2%      

Aceto Corp.

     1,820         36,564  

Applied Industrial Technologies, Inc.

     4,955         239,029  

GATX Corp.

     4,966         337,092  

Houston Wire & Cable Co.

     3,777         49,592  

Kaman Corp.

     2,726         110,894  
     

 

 

 
Total Trading Companies & Distributors               773,171  
Wireless Telecommunication Services – 0.4%      

USA Mobility, Inc.

     5,275         95,847  
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $23,350,432)
        24,115,270  

Other Assets in Excess of Liabilities – 0.2%

        47,723  
     

 

 

 
NET ASSETS – 100.0%             $ 24,162,993  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      57   


Table of Contents

Statements of Assets and Liabilities

WisdomTree Domestic Dividend Funds

March 31, 2014

 

  

 

 

      WisdomTree
Total
Dividend Fund
     WisdomTree
Equity
Income Fund
     WisdomTree
LargeCap
Dividend Fund
     WisdomTree
Dividend ex-
Financials Fund
     WisdomTree
MidCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 316,214,177       $ 685,334,450       $ 1,502,144,346       $ 980,685,558       $ 830,697,148   

Investment in affiliates, at cost (Note 7)

     983,470         1,958,606         1,123,851         2,425,612         1,748,746   

Investments in securities, at value

     418,133,278         793,686,259         1,817,574,061         1,123,921,856         988,624,115   

Investment in affiliates, at value (Note 7)

     1,007,099         2,023,930         1,140,905         2,478,960         1,814,035   

Cash

     161,398         302,399         564,627         774,647         857,861   

Receivables:

              

Dividends and interest

     753,105         1,835,636         3,037,615         2,376,251         2,170,203   

Investment securities sold

                             10,431,537           

Total Assets

     420,054,880         797,848,224         1,822,317,208         1,139,983,251         993,466,214   

LIABILITIES:

              

Payables:

              

Investment securities purchased

                             1,365,877           

Capital shares redeemed

                             10,439,870           

Advisory fees (Note 3)

     98,548         250,378         424,579         361,296         314,981   

Service fees (Note 2)

     1,546         2,895         6,669         4,181         3,646   

Total Liabilities

     100,094         253,273         431,248         12,171,224         318,627   

NET ASSETS

   $ 419,954,786       $ 797,594,951       $ 1,821,885,960       $ 1,127,812,027       $ 993,147,587   

NET ASSETS:

              

Paid-in capital

   $ 346,290,026       $ 766,559,701       $ 1,601,315,401       $ 1,095,976,788       $ 881,252,035   

Undistributed net investment income

     206,281         245,166         514,973         563,863         94,257   

Accumulated net realized loss on investments

     (28,484,251      (77,627,049      (95,391,183      (112,018,270      (46,190,961

Net unrealized appreciation on investments

     101,942,730         108,417,133         315,446,769         143,289,646         157,992,256   

NET ASSETS

   $ 419,954,786       $ 797,594,951       $ 1,821,885,960       $ 1,127,812,027       $ 993,147,587   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     6,150,000         14,100,000         26,950,000         16,050,000         12,900,000   

Net asset value per share

   $ 68.29       $ 56.57       $ 67.60       $ 70.27       $ 76.99   

 

See Notes to Financial Statements.

 

58   WisdomTree Domestic Dividend Funds


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Domestic Dividend Funds

March 31, 2014

 

  

 

 

      WisdomTree
SmallCap
Dividend Fund
     WisdomTree
U.S. Dividend
Growth Fund
     WisdomTree
U.S. SmallCap
Dividend Growth Fund
 

ASSETS:

        

Investments, at cost

   $ 914,856,981       $ 98,262,846       $ 23,350,432   

Investment in affiliates, at cost (Note 7)

     3,064,008                   

Investments in securities, at value

     1,056,915,569         104,634,794         24,115,270   

Investment in affiliates, at value (Note 7)

     3,346,162                   

Cash

     598,126         57,065         27,645   

Receivables:

        

Dividends and interest

     2,008,027         134,412         27,911   

Total Assets

     1,062,867,884         104,826,271         24,170,826   

LIABILITIES:

        

Payables:

        

Advisory fees (Note 3)

     338,600         24,333         7,743   

Service fees (Note 2)

     3,905         382         90   

Total Liabilities

     342,505         24,715         7,833   

NET ASSETS

   $ 1,062,525,379       $ 104,801,556       $ 24,162,993   

NET ASSETS:

        

Paid-in capital

   $ 974,733,909       $ 98,678,291       $ 23,555,419   

Undistributed net investment income

     1,774,107         88,623         38,292   

Accumulated net realized loss on investments

     (56,323,379      (337,306      (195,556

Net unrealized appreciation on investments

     142,340,742         6,371,948         764,838   

NET ASSETS

   $ 1,062,525,379       $ 104,801,556       $ 24,162,993   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     15,550,000         3,750,000         850,000   

Net asset value per share

   $ 68.33       $ 27.95       $ 28.43   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      59   


Table of Contents

Statements of Operations

WisdomTree Domestic Dividend Funds

For the Year Ended March 31, 2014

 

  

 

 

     

WisdomTree

Total
Dividend Fund

     WisdomTree
Equity
Income Fund
     WisdomTree
LargeCap
Dividend Fund
     WisdomTree
Dividend ex-
Financials Fund
    

WisdomTree
MidCap

Dividend Fund

 

INVESTMENT INCOME:

              

Dividends

   $ 10,607,841       $ 26,926,575       $ 48,926,286       $ 38,901,104       $ 22,817,064   

Dividends from affiliates (Note 7)

     20,475         47,102         51,450         61,892         30,265   

Securities lending income (Note 2)

     40,561         136,599         11,855         56,953         495,128   

Total investment income

     10,668,877         27,110,276         48,989,591         39,019,949         23,342,457   

EXPENSES:

              

Advisory fees (Note 3)

     1,018,060         2,791,298         4,717,506         4,301,027         2,989,051   

Service fees (Note 2)

     15,992         32,321         74,105         49,801         34,610   

Total expenses

     1,034,052         2,823,619         4,791,611         4,350,828         3,023,661   

Expense waivers (Note 3)

             (1,619              (1,751      (403

Net expenses

     1,034,052         2,822,000         4,791,611         4,349,077         3,023,258   

Net investment income

     9,634,825         24,288,276         44,197,980         34,670,872         20,319,199   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (1,160,813      (4,273,955      (7,466,056      (1,162,907      (3,699,589

Investment transactions in affiliates (Note 7)

     151,008         148,604         273,004         337,192         275,657   

In-kind redemptions

     14,218,580         60,418,104         87,183,178         135,400,688         71,127,545   

In-kind redemptions in affiliates (Note 7)

             575         928         5,102         6,253   

Net realized gain

     13,208,775         56,293,328         79,991,054         134,580,075         67,709,866   

Net change in unrealized appreciation on investments

     37,963,223         16,131,047         148,011,024         4,421,897         68,208,212   

Net realized and unrealized gain on investments

     51,171,998         72,424,375         228,002,078         139,001,972         135,918,078   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 60,806,823       $ 96,712,651       $ 272,200,058       $ 173,672,844       $ 156,237,277   

 

See Notes to Financial Statements.

 

60   WisdomTree Domestic Dividend Funds


Table of Contents

Statements of Operations (concluded)

WisdomTree Domestic Dividend Funds

For the Year or Period Ended March 31, 2014

 

  

 

 

      WisdomTree
SmallCap
Dividend Fund
     WisdomTree
U.S. Dividend
Growth  Fund1
     WisdomTree
U.S. SmallCap
Dividend Growth Fund2
 

INVESTMENT INCOME:

        

Dividends

   $ 27,325,384       $ 1,277,814       $ 243,817   

Dividends from affiliates (Note 7)

     47,849                   

Securities lending income (Note 2)

     1,047,155         1,579         10,501   

Total investment income

     28,420,388         1,279,393         254,318   

EXPENSES:

        

Advisory fees (Note 3)

     3,255,558         149,672         43,869   

Service fees (Note 2)

     37,696         2,352         508   

Total expenses

     3,293,254         152,024         44,377   

Expense waivers (Note 3)

     (1,587                

Net expenses

     3,291,667         152,024         44,377   

Net investment income

     25,128,721         1,127,369         209,941   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

        

Net realized gain (loss) from:

        

Investment transactions

     5,105,452         (307,542      (210,452

Investment transactions in affiliates (Note 7)

     407,050                   

In-kind redemptions

     85,468,735         2,250,245         1,213,779   

In-kind redemptions in affiliates (Note 7)

     7,507                   

Net realized gain

     90,988,744         1,942,703         1,003,327   

Net change in unrealized appreciation on investments

     60,998,846         6,371,948         764,838   

Net realized and unrealized gain on investments

     151,987,590         8,314,651         1,768,165   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 177,116,311       $ 9,442,020       $ 1,978,106   
1 

For the period May 22, 2013 (commencement of operations) through March 31, 2014.

 

2 

For the period July 25, 2013 (commencement of operations) through March 31, 2014.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      61   


Table of Contents

Statements of Changes in Net Assets

WisdomTree Domestic Dividend Funds

 

 

  

 

 

     WisdomTree
Total Dividend Fund
    WisdomTree
Equity Income Fund
    WisdomTree
LargeCap Dividend Fund
 
     For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
 

INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:

  

         

Net investment income

  $ 9,634,825      $ 8,719,442      $ 24,288,276      $ 20,707,191      $ 44,197,980      $ 37,796,411   

Net realized gain on investments

    13,208,775        11,623,492        56,293,328        15,686,573        79,991,054        100,502,099   

Net change in unrealized appreciation on investments

    37,963,223        21,220,388        16,131,047        57,341,768        148,011,024        42,147,826   

Net increase in net assets resulting from operations

    60,806,823        41,563,322        96,712,651        93,735,532        272,200,058        180,446,336   

DIVIDENDS:

           

Net investment income

    (9,428,544     (8,940,091     (24,043,110     (21,428,467     (43,683,007     (38,535,673

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    105,020,893        49,665,794        296,356,065        270,941,564        395,758,079        622,419,430   

Cost of shares redeemed

    (33,082,009     (29,636,759     (211,015,650     (131,581,198     (302,494,839     (469,439,117

Net increase in net assets resulting from capital share transactions

    71,938,884        20,029,035        85,340,415        139,360,366        93,263,240        152,980,313   

Net Increase in Net Assets

    123,317,163        52,652,266        158,009,956        211,667,431        321,780,291        294,890,976   

NET ASSETS:

           

Beginning of year

  $ 296,637,623      $ 243,985,357      $ 639,584,995      $ 427,917,564      $ 1,500,105,669      $ 1,205,214,693   

End of year

  $ 419,954,786      $ 296,637,623      $ 797,594,951      $ 639,584,995      $ 1,821,885,960      $ 1,500,105,669   

Undistributed net investment income included in net assets at end of year

  $ 206,281      $      $ 245,166      $      $ 514,973      $   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    5,000,000        4,600,000        12,500,000        9,550,000        25,450,000        22,750,000   

Shares created

    1,650,000        950,000        5,500,000        5,800,000        6,300,000        11,300,000   

Shares redeemed

    (500,000     (550,000     (3,900,000     (2,850,000     (4,800,000     (8,600,000

Shares outstanding, end of year

    6,150,000        5,000,000        14,100,000        12,500,000        26,950,000        25,450,000   

 

See Notes to Financial Statements.

 

62   WisdomTree Domestic Dividend Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Domestic Dividend Funds

 

 

  

 

 

    

WisdomTree

Dividend ex-Financials Fund

    WisdomTree
MidCap Dividend Fund
    WisdomTree
SmallCap Dividend Fund
 
     For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
 

INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:

  

         

Net investment income

  $ 34,670,872      $ 46,086,135      $ 20,319,199      $ 13,397,039      $ 25,128,721      $ 14,055,669   

Net realized gain on investments

    134,580,075        109,080,081        67,709,866        13,450,174        90,988,744        18,133,448   

Net change in unrealized appreciation on investments

    4,421,897        21,198,314        68,208,212        51,779,518        60,998,846        48,871,065   

Net increase in net assets resulting from operations

    173,672,844        176,364,530        156,237,277        78,626,731        177,116,311        81,060,182   

DIVIDENDS:

           

Net investment income

    (34,107,009     (48,511,932     (20,516,140     (13,531,422     (23,354,614     (14,889,292

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    410,993,802        561,533,550        503,244,191        210,740,736        600,007,486        271,062,801   

Cost of shares redeemed

    (517,547,568     (863,397,708     (186,545,384     (81,071,494     (244,794,543     (97,473,959

Net increase (decrease) in net assets resulting from capital share transactions

    (106,553,766     (301,864,158     316,698,807        129,669,242        355,212,943        173,588,842   

Net Increase (Decrease) in Net Assets

    33,012,069        (174,011,560     452,419,944        194,764,551        508,974,640        239,759,732   

NET ASSETS:

           

Beginning of year

  $ 1,094,799,958      $ 1,268,811,518      $ 540,727,643      $ 345,963,092      $ 553,550,739      $ 313,791,007   

End of year

  $ 1,127,812,027      $ 1,094,799,958      $ 993,147,587      $ 540,727,643      $ 1,062,525,379      $ 553,550,739   

Undistributed net investment income included in net assets at end of year

  $ 563,863      $      $ 94,257      $ 291,198      $ 1,774,107      $   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    17,650,000        23,150,000        8,300,000        6,150,000        9,700,000        6,400,000   

Shares created

    6,150,000        10,000,000        7,150,000        3,550,000        9,500,000        5,200,000   

Shares redeemed

    (7,750,000     (15,500,000     (2,550,000     (1,400,000     (3,650,000     (1,900,000

Shares outstanding, end of year

    16,050,000        17,650,000        12,900,000        8,300,000        15,550,000        9,700,000   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      63   


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Domestic Dividend Funds

 

 

  

 

 

      WisdomTree
U.S. Dividend Growth Fund
     WisdomTree
U.S. SmallCap Dividend Growth Fund
 
      For the Period
May 22, 2013*
through
March 31, 2014
     For the Period
July 25, 2013*
through
March 31, 2014
 

INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:

  

  

Net investment income

   $ 1,127,369       $ 209,941   

Net realized gain on investments

     1,942,703         1,003,327   

Net change in unrealized appreciation on investments

     6,371,948         764,838   

Net increase in net assets resulting from operations

     9,442,020         1,978,106   

DIVIDENDS AND DISTRIBUTIONS:

     

Net investment income

     (1,038,746      (171,649

Capital gains

     (6,237        

Total dividends and distributions

     (1,044,983      (171,649

CAPITAL SHARE TRANSACTIONS:

     

Net proceeds from sale of shares

     111,446,892         30,814,169   

Cost of shares redeemed

     (15,042,473      (8,457,733

Net increase in net assets resulting from capital share transactions

     96,404,419         22,356,436   

Net Increase in Net Assets

     104,801,456         24,162,893   

NET ASSETS:

     

Beginning of period

   $ 100       $ 100   

End of period

   $ 104,801,556       $ 24,162,993   

Undistributed net investment income included in net assets at end of period

   $ 88,623       $ 38,292   

SHARES CREATED AND REDEEMED:

     

Shares outstanding, beginning of period

     4         4   

Shares created

     4,300,000         1,150,000   

Shares redeemed

     (550,004      (300,004

Shares outstanding, end of period

     3,750,000         850,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

64   WisdomTree Domestic Dividend Funds


Table of Contents

Financial Highlights

WisdomTree Domestic Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Total Dividend Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 59.33       $ 53.04       $ 48.84       $ 42.89       $ 29.26   

Investment operations:

              

Net investment income1

     1.68         1.65         1.47         1.37         1.14   

Net realized and unrealized gain

     8.91         6.32         4.15         5.92         13.61   

Total from investment operations

     10.59         7.97         5.62         7.29         14.75   

Dividends to shareholders:

              

Net investment income

     (1.63      (1.68      (1.42      (1.34      (1.12

Net asset value, end of year

   $ 68.29       $ 59.33       $ 53.04       $ 48.84       $ 42.89   

TOTAL RETURN2

     18.10      15.39      11.81      17.37      50.83

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 419,955       $ 296,638       $ 243,985       $ 170,948       $ 132,971   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.28      0.28      0.28      0.28      0.28

Expenses, prior to expense waivers

     0.28      0.28      0.28      0.28      0.28

Net investment income

     2.65      3.05      3.03      3.10      3.01

Portfolio turnover rate4

     12      13      15      6      16

 

           
WisdomTree Equity Income Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 51.17       $ 44.81       $ 40.52       $ 35.12       $ 22.98   

Investment operations:

              

Net investment income1

     1.77         1.82         1.66         1.61         1.17   

Net realized and unrealized gain

     5.37         6.40         4.15         5.33         12.16   

Total from investment operations

     7.14         8.22         5.81         6.94         13.33   

Dividends to shareholders:

              

Net investment income

     (1.74      (1.86      (1.52      (1.54      (1.19

Net asset value, end of year

   $ 56.57       $ 51.17       $ 44.81       $ 40.52       $ 35.12   

TOTAL RETURN2

     14.24      18.83      14.66      20.24      58.47

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 797,595       $ 639,585       $ 427,918       $ 178,273       $ 122,907   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.38      0.38      0.38      0.38      0.38

Expenses, prior to expense waivers

     0.38      0.38      0.38      0.38      0.38

Net investment income

     3.31      3.91      3.99      4.25      3.72

Portfolio turnover rate4

     30      28      22      8      25
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of affiliated funds in which the Fund invests.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      65   


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree LargeCap Dividend Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 58.94       $ 52.98       $ 48.31       $ 42.56       $ 29.86   

Investment operations:

              

Net investment income1

     1.65         1.61         1.45         1.33         1.10   

Net realized and unrealized gain

     8.64         6.00         4.59         5.68         12.69   

Total from investment operations

     10.29         7.61         6.04         7.01         13.79   

Dividends to shareholders:

              

Net investment income

     (1.63      (1.65      (1.37      (1.26      (1.09

Net asset value, end of year

   $ 67.60       $ 58.94       $ 52.98       $ 48.31       $ 42.56   

TOTAL RETURN2

     17.70      14.69      12.82      16.83      46.53

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 1,821,886       $ 1,500,106       $ 1,205,215       $ 611,094       $ 412,809   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.28      0.28      0.28      0.28      0.28

Expenses, prior to expense waivers

     0.28      0.28      0.28      0.28      0.28

Net investment income

     2.62      2.97      3.02      3.04      2.89

Portfolio turnover rate4

     11      14      14      5      17

 

           
WisdomTree Dividend ex-Financials Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 62.03       $ 54.81       $ 50.13       $ 42.76       $ 26.74   

Investment operations:

              

Net investment income1

     2.00         2.27         2.06         1.81         1.60   

Net realized and unrealized gain

     8.22         7.36         4.31         7.25         16.01   

Total from investment operations

     10.22         9.63         6.37         9.06         17.61   

Dividends to shareholders:

              

Net investment income

     (1.98      (2.41      (1.69      (1.69      (1.59

Net asset value, end of year

   $ 70.27       $ 62.03       $ 54.81       $ 50.13       $ 42.76   

TOTAL RETURN2

     16.75      18.18      12.99      21.68      66.66

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 1,127,812       $ 1,094,800       $ 1,268,812       $ 343,382       $ 190,277   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.38      0.38      0.38      0.38      0.38

Expenses, prior to expense waivers

     0.38      0.38      0.38      0.38      0.38

Net investment income

     3.06      4.08      4.05      3.99      4.32

Portfolio turnover rate4

     35      34      38      5      57
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of affiliated funds in which the Fund invests.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

66   WisdomTree Domestic Dividend Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree MidCap Dividend Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 65.15       $ 56.25       $ 54.01       $ 46.08       $ 26.80   

Investment operations:

              

Net investment income1

     1.83         1.99         1.47         1.53         1.29   

Net realized and unrealized gain

     11.82         8.91         2.17         7.79         19.22   

Total from investment operations

     13.65         10.90         3.64         9.32         20.51   

Dividends to shareholders:

              

Net investment income

     (1.81      (2.00      (1.40      (1.39      (1.23

Net asset value, end of year

   $ 76.99       $ 65.15       $ 56.25       $ 54.01       $ 46.08   

TOTAL RETURN2

     21.24      19.96      6.99      20.60      77.34

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 993,148       $ 540,728       $ 345,963       $ 256,552       $ 122,121   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.38      0.38      0.38      0.38      0.38

Expenses, prior to expense waivers

     0.38      0.38      0.38      0.38      0.38

Net investment income

     2.58      3.46      2.81      3.16      3.34

Portfolio turnover rate4

     32      33      29      10      11

 

           
WisdomTree SmallCap Dividend Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 57.07       $ 49.03       $ 48.66       $ 42.39       $ 24.06   

Investment operations:

              

Net investment income1

     1.85         1.87         1.68         1.72         1.49   

Net realized and unrealized gain

     11.10         8.14         0.34         6.14         18.28   

Total from investment operations

     12.95         10.01         2.02         7.86         19.77   

Dividends to shareholders:

              

Net investment income

     (1.69      (1.97      (1.65      (1.59      (1.44

Net asset value, end of year

   $ 68.33       $ 57.07       $ 49.03       $ 48.66       $ 42.39   

TOTAL RETURN2

     22.99      21.06      4.50      18.96      83.27

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 1,062,525       $ 553,551       $ 313,791       $ 248,171       $ 154,724   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.38      0.38      0.38      0.38      0.38

Expenses, prior to expense waivers

     0.38      0.38      0.38      0.38      0.38

Net investment income

     2.93      3.71      3.69      3.86      4.21

Portfolio turnover rate4

     42      49      31      11      16
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of affiliated funds in which the Fund invests.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (concluded)

WisdomTree Domestic Dividend Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Dividend Growth Fund    For the Period
May 22, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 24.86   

Investment operations:

  

Net investment income1

     0.48   

Net realized and unrealized gain

     3.02   

Total from investment operations

     3.50   

Dividends and distributions to shareholders:

  

Net investment income

     (0.41

Capital gains

     (0.00 )5 

Total dividends and distributions to shareholders

     (0.41

Net asset value, end of period

   $ 27.95   

TOTAL RETURN2

     14.19

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 104,802   

Ratios to average net assets of:

  

Expenses

     0.28 %3 

Net investment income

     2.11 %3 

Portfolio turnover rate4

     31

 

   
WisdomTree U.S. SmallCap Dividend Growth Fund    For the Period
July 25,  2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 25.02   

Investment operations:

  

Net investment income1

     0.34   

Net realized and unrealized gain

     3.32   

Total from investment operations

     3.66   

Dividends to shareholders:

  

Net investment income

     (0.25

Net asset value, end of period

   $ 28.43   

TOTAL RETURN2

     14.66

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 24,163   

Ratios to average net assets of:

  

Expenses

     0.38 %3 

Net investment income

     1.82 %3 

Portfolio turnover rate4

     71
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

5 

Amount is less than $0.005.

 

See Notes to Financial Statements.

 

68   WisdomTree Domestic Dividend Funds


Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2014, the Trust offered 62 investment funds (each a “Fund”, and collectively, the “Funds”). These notes relate only to the Funds listed in the table below:

 

Fund    Commencement
of Operations
 

WisdomTree Total Dividend Fund (“Total Dividend Fund”)

     June 16, 2006   

WisdomTree Equity Income Fund (“Equity Income Fund”)

     June 16, 2006   

WisdomTree LargeCap Dividend Fund (“LargeCap Dividend Fund”)

     June 16, 2006   

WisdomTree Dividend ex-Financials Fund (“Dividend ex-Financials Fund”)

     June 16, 2006   

WisdomTree MidCap Dividend Fund (“MidCap Dividend Fund”)

     June 16, 2006   

WisdomTree SmallCap Dividend Fund (“SmallCap Dividend Fund”)

     June 16, 2006   

WisdomTree U.S. Dividend Growth Fund (“U.S. Dividend Growth Fund”)

     May 22, 2013   

WisdomTree U.S. SmallCap Dividend Growth Fund (“U.S. SmallCap Dividend Growth Fund”)

     July 25, 2013   

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered mark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.

In the normal course of business the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees.

Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the exchange on which they are principally traded.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be fair valued in accordance with the Fund’s pricing policy and procedures. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon

 

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Table of Contents

Notes to Financial Statements (continued)

 

a price from a national securities exchange, independent pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be fair valued. The Funds may rely on an independent fair valuation service in adjusting the valuations of foreign securities. When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Short-term investments having a maturity of 60 days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. Over-the-counter financial derivative contracts derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker-dealer quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative contracts can be estimated by an independent pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

 

70   WisdomTree Domestic Dividend Funds


Table of Contents

Notes to Financial Statements (continued)

 

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

The following is a summary of the fair valuations according to the inputs used as of March 31, 2014 in valuing each Fund’s assets:

 

Total Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 418,133,278       $       $   

Exchange-Traded Fund

     1,007,099                   

Total

   $ 419,140,377       $       $   

 

Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 793,686,259       $       $   

Exchange-Traded Fund

     2,023,930                   

Total

   $ 795,710,189       $       $   

 

LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,817,574,061       $       $   

Exchange-Traded Fund

     1,140,905                   

Total

   $ 1,818,714,966       $       $   

 

Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,123,921,856       $       $   

Exchange-Traded Funds

     2,478,960                   

Total

   $ 1,126,400,816       $       $   

 

MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 988,624,115       $       $   

Exchange-Traded Fund

     1,814,035                   

Total

   $ 990,438,150       $       $   

 

SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,056,915,569       $       $   

Exchange-Traded Fund

     3,346,162                   

Total

   $ 1,060,261,731       $       $   

 

U.S. Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 104,634,794       $       $   

 

U.S. SmallCap Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 24,115,270       $       $   
  * Please refer to Schedule of Investments for a breakdown of the valuation by industry.

 

WisdomTree Domestic Dividend Funds      71   


Table of Contents

Notes to Financial Statements (continued)

 

There were no Level 3 securities at or during the fiscal year or period ended March 31, 2014.

There were no transfers into or out of any fair value measurement levels as described above during the fiscal year or period ended March 31, 2014.

The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds did not invest in derivative instruments during the fiscal year ended March 31, 2014.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date. Interest income is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.

Expenses — Under the investment advisory agreement for each Fund except U.S. Dividend Growth Fund and U.S. SmallCap Dividend Growth Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of Trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM. The internal expenses of pooled investment vehicles in which a Fund may invest (acquired fund fees and expenses) are not expenses of the Fund and are not paid by WTAM.

Under the investment advisory agreement for U.S. Dividend Growth Fund and U.S. SmallCap Dividend Growth Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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.

The internal expenses of pooled investment vehicles in which the Fund may invest (acquired fund fees and expenses) are not expenses of the Fund 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% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the investment of cash collateral for securities on loan along with the obligation to return such collateral are included on the Statements of Assets and Liabilities. The value of securities received as collateral for securities on loan are not included on the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

As of March 31, 2014, the Funds did not have any securities on loan.

 

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Table of Contents

Notes to Financial Statements (continued)

 

Master Netting Arrangements — Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to master netting arrangements or similar arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at March 31, 2014, are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2014, there were no balances on the Statements of Assets and Liabilities subject to master netting arrangements.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with U.S. Federal income tax regulations which may differ from GAAP. 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 U.S. Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profit for tax purposes, are reported as a tax return of capital.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (“MCM”) to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses generally described in Note 2.

 

WisdomTree Domestic Dividend Funds      73   


Table of Contents

Notes to Financial Statements (continued)

 

Pursuant to a separate contractual arrangement, also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table.

 

Fund    Advisory
Fee Rate
 

Total Dividend Fund

     0.28

Equity Income Fund

     0.38

LargeCap Dividend Fund

     0.28

Dividend ex-Financials Fund

     0.38

MidCap Dividend Fund

     0.38

SmallCap Dividend Fund

     0.38

U.S. Dividend Growth Fund

     0.28

U.S. SmallCap Dividend Growth Fund

     0.38

Each Fund may purchase shares of affiliated exchange traded funds in secondary market transactions. For the fiscal year or period ended March 31, 2014, WTAM waived its advisory fees for each Fund’s investments associated with daily uninvested cash in correlated affiliated Funds net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of the advisory fee received from the affiliated Funds. The table below indicates the waiver amounts. Please see Note 7 for additional information on Other Affiliated Parties and Transactions.

 

Fund    Advisory
Fees Waived
 

Total Dividend Fund

   $   

Equity Income Fund

     1,619   

LargeCap Dividend Fund

       

Dividend ex-Financials Fund

     1,751   

MidCap Dividend Fund

     403   

SmallCap Dividend Fund

     1,587   

U.S. Dividend Growth Fund

       

U.S. SmallCap Dividend Growth Fund

       

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2014, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

 

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Notes to Financial Statements (continued)

 

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding in-kind capital share transactions and short-term investments) for the fiscal year or period ended March 31, 2014 were as follows:

 

Fund    Purchases      Sales  

Total Dividend Fund

   $ 43,952,188       $ 46,537,749   

Equity Income Fund

     220,448,471         228,405,221   

LargeCap Dividend Fund

     180,986,547         180,607,659   

Dividend ex-Financials Fund

     389,605,111         411,105,280   

MidCap Dividend Fund

     256,737,748         253,690,386   

SmallCap Dividend Fund

     359,720,863         357,006,905   

U.S. Dividend Growth Fund1

     19,406,359         20,267,673   

U.S. SmallCap Dividend Growth Fund2

     12,083,338         12,419,795   
  1

For the period May 22, 2013 through March 31, 2014.

 

  2 

For the period July 25, 2013 through March 31, 2014.

For the fiscal year or period ended March 31, 2014, the cost of purchases and the proceeds from sales resulting from in-kind capital shares transactions were as follows:

 

Fund    Purchases      Sales  

Total Dividend Fund

   $ 104,769,504       $ 29,897,746   

Equity Income Fund

     295,523,200         201,446,695   

LargeCap Dividend Fund

     395,006,531         301,278,928   

Dividend ex-Financials Fund

     410,098,455         491,669,893   

MidCap Dividend Fund

     502,227,789         188,264,011   

SmallCap Dividend Fund

     596,483,622         240,189,317   

U.S. Dividend Growth Fund1

     111,337,277         14,145,738   

U.S. SmallCap Dividend Growth Fund2

     30,784,376         8,093,745   
  1

For the period May 22, 2013 through March 31, 2014.

 

  2 

For the period July 25, 2013 through March 31, 2014.

Gains and losses on in-kind redemptions are not recognized by the Funds for tax purposes.

6. FEDERAL INCOME TAXES

At March 31, 2014, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation
 

Total Dividend Fund

   $ 320,594,720       $ 101,235,827       $ (2,690,170    $ 98,545,657   

Equity Income Fund

     699,031,563         105,391,648         (8,713,022      96,678,626   

LargeCap Dividend Fund

     1,513,344,251         317,544,832         (12,174,117      305,370,715   

Dividend ex-Financials Fund

     1,001,884,307         148,403,728         (23,887,219      124,516,509   

MidCap Dividend Fund

     846,532,836         155,213,352         (11,308,038      143,905,314   

SmallCap Dividend Fund

     934,464,481         141,678,141         (15,880,891      125,797,250   

U.S. Dividend Growth Fund

     98,605,540         6,864,115         (834,861      6,029,254   

U.S. SmallCap Dividend Growth Fund

     23,531,787         1,319,131         (735,648      583,483   

 

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Notes to Financial Statements (continued)

 

At March 31, 2014, the components of accumulated earning/loss on a tax-basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and
Other Losses
     Net Unrealized
Appreciation
     Total Accumulated
Earnings/(Losses)
 

Total Dividend Fund

   $ 206,281       $ (25,087,178    $ 98,545,657       $ 73,664,760   

Equity Income Fund

     245,166         (65,888,542      96,678,626         31,035,250   

LargeCap Dividend Fund

     514,973         (85,315,129      305,370,715         220,570,559   

Dividend ex-Financials Fund

     563,863         (93,245,133      124,516,509         31,835,239   

MidCap Dividend Fund

     94,257         (32,104,019      143,905,314         111,895,552   

SmallCap Dividend Fund

     1,774,107         (39,779,887      125,797,250         87,791,470   

U.S. Dividend Growth Fund

     94,011                 6,029,254         6,123,265   

U.S. SmallCap Dividend Growth Fund

     38,292         (14,201      583,483         607,574   

The tax character of distributions paid during the fiscal years or periods ended March 31, 2014 and March 31, 2013, was as follows:

 

      Year/Period Ended
March 31, 2014
     Year Ended
March 31, 2013
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
 

Total Dividend Fund

   $ 9,428,544       $ 8,940,091   

Equity Income Fund

     24,043,110         21,428,467   

LargeCap Dividend Fund

     43,683,007         38,535,673   

Dividend ex-Financials Fund

     34,107,009         48,511,932   

MidCap Dividend Fund

     20,516,140         13,531,422   

SmallCap Dividend Fund

     23,354,614         14,889,292   

U.S. Dividend Growth Fund1

     1,044,983         N/A   

U.S. SmallCap Dividend Growth Fund2

     171,649         N/A   
  * Includes short-term capital gains.

 

  1 

For the period May 22, 2013 through March 31, 2014.

 

  2 

For the period July 25, 2013 through March 31, 2014.

At March 31, 2014, for Federal income tax purposes, the Funds have capital loss carryforwards available to offset capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains will not be distributed to shareholders.

 

Fund   Capital Loss
Available
Through 2016
    Capital Loss
Available
Through 2017
    Capital Loss
Available
Through 2018
    Capital Loss
Available
Through 2019
    Short-Term
Post-Effective
No  Expiration*
    Long-Term
Post-Effective
No Expiration*
    Capital Loss
Available
Total
 

Total Dividend Fund

  $      $ 2,933,071      $ 11,073,078      $ 10,786,298      $      $      $ 24,792,447   

Equity Income Fund

           6,714,664        36,880,803        21,181,473                      64,776,940   

LargeCap Dividend Fund

    1,089,361        12,904,697        32,859,591        32,903,699               1,305,749        81,063,097   

Dividend ex-Financials Fund

    791,229        9,972,192        68,035,975        1,318,159               13,127,578        93,245,133   

MidCap Dividend Fund

           6,602,518        16,904,294        5,568,674               2,920,594        31,996,080   

SmallCap Dividend Fund

           413,135        32,761,958        6,604,794                      39,779,887   

U.S. Dividend Growth Fund

                                                

U.S. SmallCap Dividend Growth Fund

                                6,841               6,841   
  * Under the recently enacted Regulated Investment Company Modernization Act of 2010, a Fund is permitted to carry forward any new capital losses for an unlimited period. Additionally, such capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. The character of these losses is noted above.

Capital losses incurred after October 31 (“post-October capital losses”) and within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

 

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Notes to Financial Statements (continued)

 

During the fiscal year or period ended March 31, 2014, the following Funds incurred and will elect to defer post-October capital losses as follows:

 

Fund    Short-Term
Post-October
Capital  Losses
     Long-Term
Post-October
Capital Losses
 

Total Dividend Fund

   $       $ 294,731   

Equity Income Fund

             1,111,602   

LargeCap Dividend Fund

     603,493         3,648,539   

Dividend ex-Financials Fund

               

MidCap Dividend Fund

             107,939   

SmallCap Dividend Fund

               

U.S. Dividend Growth Fund1

               

U.S. SmallCap Dividend Growth Fund2

     7,360           
  1 

For the period May 22, 2013 through March 31, 2014.

 

  2 

For the period July 25, 2013 through March 31, 2014.

During the fiscal year or period ended March 31, 2014, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains:

 

Fund    Utilized
Capital Loss
Carryforwards
 

Total Dividend Fund

   $ 152,242   

Equity Income Fund

     1,064,261   

LargeCap Dividend Fund

       

Dividend ex-Financials Fund

       

MidCap Dividend Fund

       

SmallCap Dividend Fund

     11,382,637   

U.S. Dividend Growth Fund1

       

U.S. SmallCap Dividend Growth Fund2

       
  1 

For the period May 22, 2013 through March 31, 2014.

 

  2 

For the period July 25, 2013 through March 31, 2014.

At March 31, 2014, the effect of permanent book/tax reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated Net
Realized Gain (Loss)
     Paid-in Capital  

Total Dividend Fund

   $       $ (13,994,181    $ 13,994,181   

Equity Income Fund

             (58,318,264      58,318,264   

LargeCap Dividend Fund

             (85,247,294      85,247,294   

Dividend ex-Financials Fund

             (130,723,486      130,723,486   

MidCap Dividend Fund

             (67,968,244      67,968,244   

SmallCap Dividend Fund

             (82,441,745      82,441,745   

U.S. Dividend Growth Fund

             (2,273,772      2,273,772   

U.S. SmallCap Dividend Growth Fund

             (1,198,883      1,198,883   

These differences are primarily due to redemptions-in-kind and the utilization of earnings and profits distributed to shareholders on redemptions of shares.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year or period ended March 31, 2014, the Funds did not have any liabilities for unrecognized tax benefits. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2014, remains subject to examination by taxing authorities.

 

WisdomTree Domestic Dividend Funds      77   


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Notes to Financial Statements (concluded)

 

7. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the fiscal year or period ended March 31, 2014 are as follows:

 

Fund    Value at
3/31/2013
     Purchases/
Additions
     Sales/
Reductions
     Value at
3/31/2014
     Dividend
Income
 

Total Dividend Fund

                                            

WisdomTree Total Earnings Fund

   $ 555,273       $ 5,056,674       $ 4,750,100       $ 1,007,099       $ 20,475   

Equity Income Fund

                                            

WisdomTree Total Dividend Fund

   $ 1,724,461       $ 13,608,338       $ 13,498,009       $ 2,023,930       $ 47,102   

LargeCap Dividend Fund

                                            

WisdomTree Total Dividend Fund

   $ 1,000,359       $ 21,598,169       $ 21,711,736       $ 1,140,905       $ 51,450   

Dividend ex-Financials Fund

                                            

WisdomTree LargeCap Dividend Fund

   $ 949,055       $ 10,574,408       $ 10,430,243       $ 1,237,251       $ 30,826   

WisdomTree MidCap Dividend Fund

     953,240         10,567,256         10,477,046         1,241,709         31,066   

Total

   $ 1,902,295       $ 21,141,664       $ 20,907,289       $ 2,478,960       $ 61,892   

MidCap Dividend Fund

                                            

WisdomTree LargeCap Dividend Fund

   $ 1,280,250       $ 11,164,057       $ 10,742,364       $ 1,814,035       $ 30,265   

SmallCap Dividend Fund

                                            

WisdomTree MidCap Dividend Fund

   $ 2,167,320       $ 10,873,412       $ 10,133,896       $ 3,346,162       $ 47,849   

8. RECENT ACCOUNTING PRONOUNCEMENT

In June 2013, the FASB issued Accounting Standards Update 2013-08 “Financial Services-Investment Companies” (“ASU 2013-08”). ASU 2013-08 provides clarifying guidance to determine if an entity qualifies as an investment company. ASU 2013-08 also requires an investment company to measure non-controlling interests in other investment companies at fair value. The following disclosures will also be required upon adoption of ASU 2013-08: (i) whether an entity is an investment company and is applying the accounting and reporting guidance for investment companies; (ii) information about changes, if any, in an entity’s status as an investment company; and (iii) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The requirements of ASU 2013-08 are effective for fiscal years that begin after December 15, 2013.

At this time, management is evaluating the implications of ASU 2013-08 and its impact on the Trust’s financial statements.

9. ADDITIONAL INFORMATION

In September 2013, the Funds entered into agreements to change transfer agency, custody, fund accounting, fund administration and securities lending services from Bank of New York Mellon to State Street Bank and Trust Company, effective April 1, 2014.

 

78   WisdomTree Domestic Dividend Funds


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Report of Independent Registered Public Accounting Firm

 

The Board of Trustees and Shareholders of WisdomTree Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Total Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree Dividend ex-Financials Fund, WisdomTree MidCap Dividend Fund, WisdomTree SmallCap Dividend Fund, WisdomTree U.S. Dividend Growth Fund and WisdomTree U.S. SmallCap Dividend Growth Fund (eight of the investment funds constituting WisdomTree Trust (the “Trust”)) as of March 31, 2014, and the related statements of operations, the statements of changes in net assets, and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Total Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree Dividend ex-Financials Fund, WisdomTree MidCap Dividend Fund, WisdomTree SmallCap Dividend Fund, WisdomTree U.S. Dividend Growth Fund and WisdomTree U.S. SmallCap Dividend Growth Fund of WisdomTree Trust at March 31, 2014, the results of their operations, the changes in their net assets, and the financial highlights for each of the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

May 30, 2014

 

WisdomTree Domestic Dividend Funds      79   


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Trustees and Officers Information (unaudited)

 

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held
with the Trust,
Term of Office
and Length of
Time Served

 

Principal Occupation(s)

During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other
Directorships
Held by Trustee
During Past 5 Years

David G. Chrencik*

(1948)

  Trustee, 2014 – present   Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) since 2010; Chief Financial Officer of Sarus Indochina Select LP Hedge Fund since 2012; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     62      Trustee, Vericimetry Funds

Joel Goldberg**

(1945)

  Trustee, 2012 – present   Attorney, Of Counsel/Partner at Stroock & Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.     62      None

Melinda A. Raso Kirstein

(1955)

  Trustee, 2014 – present   Retired, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     62      Associate Alumnae of Douglass College, Member of Investment Committee

Toni Massaro***

(1955)

  Trustee, 2006 – present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 1990.     62      None

Victor Ugolyn

(1947)

  Trustee, 2006 – present; Chairman of the Board of Trustees, 2006 – present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     62      Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame

 

+ As of March 31, 2014.

 

* Chair of the Audit Committee.

 

** Chair of the Contracts Review Committee.

 

*** Chair of the Governance and Nominating Committee.

 

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Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth of
Trustee/Officer

 

Position(s) Held
with the Trust,
Term of Office
and Length of
Time Served

 

Principal Occupation(s)

During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other
Directorships
Held by Trustee
During Past 5 Years

Jonathan Steinberg****

(1964)

 

Trustee, 2005 – present

President, 2005 – present

  President, WisdomTree Trust since 2005;
President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
 

 

62

  

  Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.

David Castano****

(1971)

  Treasurer, 2013 – present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006.     62      None

Ryan Louvar****

(1972)

  Secretary and Chief Legal Officer, 2013 – present   General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.     62      None

Sarah English****

(1977)

  Assistant Secretary, 2013 – present   Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009.     62      None

Terry Jane Feld****

(1960)

  Chief Compliance Officer, 2012 – present   Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life Insurance Co., 2004 to 2007.     62      None

 

+ As of March 31, 2014.

 

**** Elected by and serves at the pleasure of the Board.

 

WisdomTree Domestic Dividend Funds      81   


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Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year or period ended March 31, 2014, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2015.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended March 31, 2014, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Total Dividend Fund

   $ 9,428,544   

Equity Income Fund

     24,043,110   

LargeCap Dividend Fund

     43,683,007   

Dividend ex-Financials Fund

     34,107,009   

MidCap Dividend Fund

     18,077,426   

SmallCap Dividend Fund

     22,403,556   

U.S. Dividend Growth Fund1

     1,044,983   

U.S. SmallCap Dividend Growth Fund2

     171,649   
  1 

For the period May 22, 2013 through March 31, 2014.

 

  2 

For the period July 25, 2013 through March 31, 2014.

The following represents the percentage of dividends paid during the fiscal year or period ended March 31, 2014, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction
 

Total Dividend Fund

     100.00

Equity Income Fund

     100.00

LargeCap Dividend Fund

     100.00

Dividend ex-Financials Fund

     100.00

MidCap Dividend Fund

     86.31

SmallCap Dividend Fund

     94.16

U.S. Dividend Growth Fund1

     100.00

U.S. SmallCap Dividend Growth Fund2

     100.00
  1 

For the period May 22, 2013 through March 31, 2014.

 

  2 

For the period July 25, 2013 through March 31, 2014.

 

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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Special Shareholder Meeting Results

A special meeting of shareholders of WisdomTree Trust (the “Trust”) was held on March 11, 2014 and the three Trustees identified below were elected by the Trust’s shareholders. Election of Trustees was the only matter proposed for voting at the special meeting and the following is a report of the votes cast:

 

Nominee*    For      Withheld  

David Chrencik

     564,021,648         4,593,018   

Joel Goldberg

     564,748,510         3,866,156   

Melinda Raso Kirstein

     563,676,336         4,938,330   
  * Joel Goldberg is an existing Trustee of the Trust who had not previously been elected by shareholders, while David Chrencik and Melinda Raso Kirstein are newly elected Trustees.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Funds’ Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

WisdomTree Domestic Dividend Funds      83   


Table of Contents

The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2014:

 

 

WisdomTree Domestic Dividend Funds

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree U.S. Dividend Growth Fund (DGRW)

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

 

 

WisdomTree International Dividend Funds

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree Global Equity Income Fund (DEW)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree Korea Hedged Equity Fund (DXKW)

 

WisdomTree International Dividend Sector Funds

 

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

WisdomTree Global ex-U.S. Utilities Fund (DBU)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

  

 

WisdomTree Domestic and International Earnings Funds

 

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree LargeCap Value Fund (EZY)

WisdomTree India Earnings Fund (EPI)

 

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

 

WisdomTree Commodity Currency Strategy Fund (CCX)

 

WisdomTree Emerging Currency Strategy Fund (CEW)

WisdomTree Indian Rupee Strategy Fund (ICN)

 

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

 

 

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

 

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

 

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Euro Debt Fund (EU)

 

WisdomTree Global Corporate Bond Fund (GLCB)

WisdomTree Japan Interest Rate Strategy Fund (JGBB)

 

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

WisdomTree Managed Futures Strategy Fund (WDTI)

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Domestic Dividend Funds

WisdomTree Total Dividend Fund

WisdomTree Equity Income Fund

WisdomTree LargeCap Dividend Fund

WisdomTree Dividend ex-Financials Fund

WisdomTree MidCap Dividend Fund

WisdomTree SmallCap Dividend Fund

WisdomTree U.S. Dividend Growth Fund

WisdomTree U.S. SmallCap Dividend Growth Fund

WisdomTree Fund shares are distributed by ALPS Distributors, Inc.

WIS006645 5/2015


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Domestic and International Earnings Funds

 

Annual Report

March 31, 2014

WisdomTree Total Earnings Fund (EXT)

WisdomTree Earnings 500 Fund (EPS)

WisdomTree MidCap Earnings Fund (EZM)

WisdomTree SmallCap Earnings Fund (EES)

WisdomTree LargeCap Value Fund (EZY)

WisdomTree India Earnings Fund (EPI)


Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1   

Performance Summaries (unaudited)

       3   

Description of Indexes (unaudited)

       9   

Shareholder Expense Examples (unaudited)

       11   
Schedules of Investments     

WisdomTree Total Earnings Fund

       13   

WisdomTree Earnings 500 Fund

       28   

WisdomTree MidCap Earnings Fund

       35   

WisdomTree SmallCap Earnings Fund

       43   

WisdomTree LargeCap Value Fund

       53   

WisdomTree India Earnings Fund (consolidated)

       58   

Statements of Assets and Liabilities

       61   

Statements of Operations

       62   

Statements of Changes in Net Assets

       63   

Financial Highlights

       65   

Notes to Financial Statements

       69   

Report of Independent Registered Public Accounting Firm

       80   

Trustees and Officers Information (unaudited)

       81   

Supplemental Information (unaudited)

       83   

General Information (unaudited)

       84   

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


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited)

 

Market Environment Overview

The U.S. equity market, as measured by the S&P 500 Index, returned 21.86% for the 12-month period ended March 31, 2014 (the “period”). After bottoming in March of 2009, the S&P 500 Index recorded its fifth straight year of gains. Measured from March 31, 2009 through March 31, 2014, the five year cumulative total return on the S&P 500 Index was 161.07%. This represents a substantial recovery in the equity markets as earnings and dividend levels reached and surpassed previous levels. In fact, this was also enough for the S&P 500 Index to reach new highs.

While the overall return for the period was positive, it was marked by several bouts of volatility. Most of the volatility during the period was surrounding the Federal Reserve’s (Fed) decision to begin tapering its quantitative easing program. Since the global financial crisis, the Fed and central banks around the world have embraced policies to provide ample liquidity to the markets with the goal of keeping interest rates low and credit flowing. However, as the U.S. economy continued to improve, many began to anticipate the possibility of the Fed ending its extraordinary accommodation. Starting in May 2013, on just a hint of the Fed possibly dialing back its bond purchases, longer-term interest rates in the U.S. rose considerably. At its December meeting, the Fed began scaling back purchases of both mortgage-backed securities and U.S. Treasury bonds and because of that it is on track to end its asset purchase program by the end of 2014 assuming no drop-off in economic performance.

WisdomTree Funds’ Performance Overview

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

 

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

EXT

  WisdomTree Total Earnings Fund   22.89%   Russell 3000 Index     22.61%       0.28%

EPS

  WisdomTree Earnings 500 Fund   22.24%   S&P 500 Index     21.86%       0.38%

EZM

  WisdomTree MidCap Earnings Fund   27.26%   S&P MidCap 400 Index     21.24%       6.02%

EES

  WisdomTree SmallCap Earnings Fund   29.55%   Russell 2000 Index     24.90%       4.65%

EZY

  WisdomTree LargeCap Value Fund   21.20%   Russell 1000 Value Index     21.57%       -0.37%

EPI

  WisdomTree India Earnings Fund     6.81%   MSCI India Index     6.74%       0.07%

The top-performing performance benchmark within the aforementioned chart was the Russell 2000 Index, which is a measure of small cap stocks. Small cap stocks typically perform well when market participants believe the economy is improving or performing strongly and under circumstances when interest rates are rising such as that experienced over the period. Of the U.S. based performance benchmarks shown, the S&P MidCap 400 Index was actually the lowest U.S. equity benchmark performer, which is quite impressive considering its return was over 21% for the period and was fairly close to the S&P 500 index of large cap stocks. The MSCI India Index is notable for its lackluster 6.74% return over the period, trailing the U.S. equity performance benchmarks by a significant margin.

WisdomTree’s earnings-weighted funds are designed to track indexes based on the earnings stream generated by companies included in the underlying WisdomTree Index. The earnings stream is defined as the total dollar level of earnings for all companies within each Index. There are two primary factors that drive performance differentials of the WisdomTree Funds and Indexes versus their performance benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the earnings stream.

All ten of the sectors represented within the S&P 500 Index experienced positive performance over the period. The best-performing sector over the period was the Health Care sector, with Industrials and Information Technology close behind. Each of these

 

WisdomTree Domestic and International Earnings Funds      1   


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (concluded)

 

sectors delivered a return greater than 25% over the period. The Health Care sector was positively affected by the implementation of the Affordable Care Act and performance from high growth areas like biotechnology and life sciences. Industrials and Information Technology tend to be higher growth and more economically sensitive sectors, which allowed them to benefit from a continual improvement in the economy and strong equity markets. The worst performing sectors over the period were the Consumer Staples, Utilities and Telecommunication Services sectors. These sectors tend to be more defensive by nature and are apt to lag during periods of strong positive market performance. Also, these sectors tend to be some of the highest yielding sectors of the market and were negatively impacted by the rise in treasury yields over the second half of last year. Over the period last year there was a rotation out of the more defensive dividend paying equities into higher growth non-dividend paying cyclical stocks.

The performance of most WisdomTree Funds compared to the applicable performance benchmark was favorable over the period. The best performing Funds of those shown relative to its performance benchmark were the WisdomTree MidCap Earnings Fund and the WisdomTree SmallCap Earnings Fund, outperforming their performance benchmarks by 6.02% and 4.65%, respectively. The only Fund to underperform during the period was the WisdomTree LargeCap Value Fund, which lagged the Russell 1000 Value Index by 0.37%.

Each of the WisdomTree Domestic and International Earnings Funds shown here tracks an underlying WisdomTree Index that focuses solely on generating exposure to the performance of companies that have generated positive profits on a cumulative basis leading up to the Index screening date. As such, during certain years with strong market performance, like the period shown here, focusing on companies that have generated positive earnings leading up to the Index screening date can certainly provide upside market capture. Of the domestic Funds shown, relative performance was gained by tilting more weight to the more profitable sectors relative to the performance benchmarks, as well as missing exposure to deeper value firms that may not have generated positive profits prior to the Index screening date.

With respect to India, the WisdomTree India Earnings Fund underperformed during the first half of the period, but was able to catch up during the second half of the period, and end slightly ahead of the performance benchmark. The Fund has typically performed better in broad equity market rallies, similar to what we witnessed in the second half of the period, because the Fund tends to be more inclusive of mid and small capitalization Fund. The WisdomTree India Earnings Fund tracks an Index that generates exposure to the performance of India’s equities across all capitalization sizes, whereas the MSCI India Index is predominantly exposure to large caps.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 9 for the list of index descriptions.

Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and are not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.

 

2   WisdomTree Domestic and International Earnings Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Total Earnings Fund (EXT)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    20.1%   

Information Technology

    18.4%   

Consumer Discretionary

    12.2%   

Industrials

    11.1%   

Energy

    10.2%   

Health Care

    10.1%   

Consumer Staples

    9.4%   

Materials

    3.5%   

Utilities

    3.0%   

Telecommunication Services

    1.9%   

Other Assets less Liabilities

    0.1%   

TOTAL

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description    % of Net Assets  

Apple, Inc.

     3.3

Exxon Mobil Corp.

     3.2

Microsoft Corp.

     2.3

JPMorgan Chase & Co.

     2.2

Wells Fargo & Co.

     2.1

Chevron Corp.

     1.9

Berkshire Hathaway, Inc. Class B

     1.7

International Business Machines Corp.

     1.6

Wal-Mart Stores, Inc.

     1.5

Johnson & Johnson

     1.4
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree Total Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Earnings Index.

The Fund returned 22.89% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in Financials contributed to performance while its position in Telecommunication Services contributed the least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Earnings Index
     Russell 3000®  Index  

One Year

       22.89      22.89      23.33      22.61

Three Year

       15.15      15.16      15.51      14.61

Five Year

       22.08      22.05      22.45      21.93

Since Inception1

       6.47      6.47      6.72      6.19
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Domestic and International Earnings Funds      3   


Table of Contents

Performance Summary (unaudited)

WisdomTree Earnings 500 Fund (EPS)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    19.5%   

Information Technology

    19.1%   

Consumer Discretionary

    11.5%   

Energy

    10.9%   

Health Care

    10.7%   

Consumer Staples

    10.2%   

Industrials

    9.9%   

Materials

    3.2%   

Utilities

    2.8%   

Telecommunication Services

    2.0%   

Investment Companies

    0.1%   

Other Assets less Liabilities

    0.1%   

TOTAL

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Apple, Inc.

    3.7%   

Exxon Mobil Corp.

    3.6%   

Microsoft Corp.

    2.6%   

JPMorgan Chase & Co.

    2.6%   

Wells Fargo & Co.

    2.4%   

Chevron Corp.

    2.1%   

Berkshire Hathaway, Inc. Class B

    1.9%   

International Business Machines Corp.

    1.8%   

Wal-Mart Stores, Inc.

    1.7%   

Johnson & Johnson

    1.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree Earnings 500 Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Earnings 500 Index.

The Fund returned 22.24% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in Information Technology contributed to performance while its position in Telecommunication Services contributed the least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Earnings 500
Index
     S&P 500®  Index  

One Year

       22.24      22.27      22.64      21.86

Three Year

       15.06      15.07      15.38      14.66

Five Year

       21.02      21.03      21.40      21.16

Since Inception1

       6.00      6.00      6.31      5.92
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

4   WisdomTree Domestic and International Earnings Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree MidCap Earnings Fund (EZM)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    23.7%   

Industrials

    19.4%   

Consumer Discretionary

    17.2%   

Information Technology

    12.8%   

Utilities

    6.1%   

Health Care

    5.8%   

Materials

    5.8%   

Energy

    5.3%   

Consumer Staples

    3.1%   

Investment Companies

    0.5%   

Telecommunication Services

    0.2%   

Other Assets less Liabilities

    0.1%   

TOTAL

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Liberty Ventures Series A

    1.2%   

MBIA, Inc.

    1.0%   

Joy Global, Inc.

    0.8%   

American Airlines Group, Inc.

    0.8%   

Synovus Financial Corp.

    0.8%   

Alaska Air Group, Inc.

    0.6%   

AGCO Corp.

    0.6%   

First Solar, Inc.

    0.6%   

WisdomTree MidCap Dividend Fund

    0.5%   

Pilgrim’s Pride Corp.

    0.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree MidCap Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree MidCap Earnings Index.

The Fund returned 27.26% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in Financials contributed to performance while its position in Telecommunication Services contributed the least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
MidCap
Earnings
Index
     S&P MidCap 400®  Index  

One Year

       27.26      27.11      27.49      21.24

Three Year

       16.28      16.26      16.55      13.37

Five Year

       29.34      29.29      29.83      24.86

Since Inception1

       9.90      9.90      10.10      8.34
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Domestic and International Earnings Funds      5   


Table of Contents

Performance Summary (unaudited)

WisdomTree SmallCap Earnings Fund (EES)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    23.1%   

Consumer Discretionary

    18.4%   

Industrials

    18.0%   

Information Technology

    13.8%   

Health Care

    8.2%   

Energy

    5.8%   

Materials

    4.8%   

Consumer Staples

    3.9%   

Utilities

    2.6%   

Telecommunication Services

    1.2%   

Investment Companies

    0.1%   

Other Assets less Liabilities

    0.1%   

TOTAL

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

American Axle & Manufacturing Holdings, Inc.

    1.1%   

M.D.C. Holdings, Inc.

    0.9%   

Cooper Tire & Rubber Co.

    0.9%   

PDL BioPharma, Inc.

    0.8%   

PBF Energy, Inc. Class A

    0.7%   

American Equity Investment Life Holding Co.

    0.7%   

Stone Energy Corp.

    0.6%   

TiVo, Inc.

    0.6%   

Acorda Therapeutics, Inc.

    0.6%   

United Community Banks, Inc.

    0.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree SmallCap Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings Index.

The Fund returned 29.55% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its position in Financials. The Fund’s position in Utilities, though positive, contributed the least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
SmallCap
Earnings Index
     Russell 2000®  Index  

One Year

       29.55      29.83      29.55      24.90

Three Year

       15.59      15.62      15.81      13.18

Five Year

       30.06      29.99      30.40      24.31

Since Inception1

       8.46      8.46      8.53      6.52
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

6   WisdomTree Domestic and International Earnings Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree LargeCap Value Fund (EZY)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    25.9%   

Consumer Discretionary

    20.9%   

Consumer Staples

    14.4%   

Health Care

    12.9%   

Industrials

    8.6%   

Energy

    6.6%   

Materials

    4.7%   

Utilities

    2.8%   

Information Technology

    1.8%   

Telecommunication Services

    1.1%   

Investment Companies

    0.2%   

Other Assets less Liabilities

    0.1%   

TOTAL

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Wal-Mart Stores, Inc.

    5.6%   

Berkshire Hathaway, Inc. Class B

    4.9%   

Citigroup, Inc.

    4.3%   

Abbott Laboratories

    3.2%   

American International Group, Inc.

    2.7%   

Bank of America Corp.

    2.7%   

Walt Disney Co. (The)

    2.5%   

Comcast Corp. Class A

    2.1%   

Amgen, Inc.

    1.9%   

CVS Caremark Corp.

    1.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree LargeCap Value Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Value Index.

The Fund returned 21.20% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its position in Financials. The Fund’s position in Information Technology created a drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree Low P/E
/LargeCap Value
Spliced Index1
     Russell 1000®
Value  Index
 

One Year

       21.20      21.22      21.62      21.57

Three Year

       12.75      12.76      13.13      14.80

Five Year

       21.32      21.30      21.84      21.75

Since Inception2

       4.19      4.21      4.54      4.52
1 

WisdomTree Low P/E Index through June 19, 2009; WisdomTree LargeCap Value Index thereafter.

2 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree Domestic and International Earnings Funds      7   


Table of Contents

Performance Summary (unaudited)

WisdomTree India Earnings Fund (EPI)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    26.1%   

Energy

    19.3%   

Information Technology

    14.4%   

Consumer Discretionary

    9.2%   

Materials

    8.8%   

Industrials

    6.9%   

Utilities

    5.5%   

Health Care

    4.8%   

Consumer Staples

    3.8%   

Telecommunication Services

    1.0%   

Other Assets less Liabilities

    0.2%   

TOTAL

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries.

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Reliance Industries Ltd.

    8.9%   

Infosys Ltd.

    7.0%   

Oil & Natural Gas Corp. Ltd.

    4.7%   

Housing Development Finance Corp.

    4.4%   

ICICI Bank Ltd.

    3.6%   

Tata Motors Ltd.

    3.4%   

Tata Consultancy Services Ltd.

    3.1%   

State Bank of India

    2.5%   

Cairn India Ltd.

    2.5%   

HDFC Bank Ltd.

    2.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

The WisdomTree India Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index.

The Fund returned 6.81% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in Information Technology contributed to performance while its position in Financials subtracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.83%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
India Earnings
Index
     MSCI India Index  

One Year

       6.81      6.95      7.80      6.74

Three Year

       -7.74      -7.63      -6.48      -4.62

Five Year

       12.37      12.35      13.81      15.44

Since Inception1

       -3.66      -3.77      -2.30      -2.27
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 22, 2008.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

8   WisdomTree Domestic and International Earnings Funds


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this Report:

The MSCI India Index is a free float-adjusted market capitalization index that is comprised of stocks in India.

The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.

The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.

The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.

The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.

The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.

The WisdomTree Earnings 500 Index is comprised of earnings-generating companies within the large-capitalization segment of the U.S. stock market.

The WisdomTree Earnings Index is comprised of earnings-generating companies within the broad U.S. stock market.

The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.

The WisdomTree LargeCap Value Index is comprised of the large-capitalization value segment within the earnings-generating companies of the U.S. stock market.

The WisdomTree Low P/E Index is comprised of companies with the lowest price-to-earnings ratios (P/E ratios) in the WisdomTree Earnings Index.

The WisdomTree MidCap Earnings Index is comprised of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.

The WisdomTree SmallCap Earnings Index is comprised of earnings-generating companies within the small-capitalization segment of the U.S. stock market.

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

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc., and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

 

WisdomTree Domestic and International Earnings Funds      9   


Table of Contents

Description of Indexes (unaudited) (concluded)

 

 

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

 

10   WisdomTree Domestic and International Earnings Funds


Table of Contents

Shareholder Expense Examples (unaudited)

 

As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2013 to March 31, 2014.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/01/13 to 3/31/14” to estimate the expenses you paid on your account during this period.

Hypothetical example for comparison purposes

The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

WisdomTree Domestic and International Earnings Funds      11   


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

 

      Beginning
Account Value
10/01/13
     Ending
Account Value
3/31/14
     Annualized
Expense Ratio
Based on the
Period
10/01/13 to
3/31/14
    Expenses Paid
During the
Period†
10/01/13 to
3/31/14
 

WisdomTree Total Earnings Fund

          

Actual

   $ 1,000.00       $ 1,129.50         0.28   $ 1.49   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.28   $ 1.41   

WisdomTree Earnings 500 Fund

          

Actual

   $ 1,000.00       $ 1,130.00         0.28   $ 1.49   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.54         0.28   $ 1.41   

WisdomTree MidCap Earnings Fund

          

Actual

   $ 1,000.00       $ 1,132.90         0.38   $ 2.02   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree SmallCap Earnings Fund

          

Actual

   $ 1,000.00       $ 1,107.00         0.38   $ 2.00   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree LargeCap Value Fund

          

Actual

   $ 1,000.00       $ 1,130.20         0.38   $ 2.02   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.04         0.38   $ 1.92   

WisdomTree India Earnings Fund

          

Actual

   $ 1,000.00       $ 1,247.30         0.83   $ 4.65   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,020.79         0.83   $ 4.18   
Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect one-half year period).

 

12   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.9%      
COMMON STOCKS – 99.9%      
Aerospace & Defense – 2.9%      

AAR Corp.

     246       $ 6,384  

Alliant Techsystems, Inc.

     245         34,827  

B/E Aerospace, Inc.*

     210         18,226  

Boeing Co. (The)

     2,400         301,176  

Cubic Corp.

     128         6,537  

Curtiss-Wright Corp.

     161         10,230  

Esterline Technologies Corp.*

     124         13,211  

Exelis, Inc.

     1,312         24,941  

GenCorp, Inc.*

     492         8,989  

General Dynamics Corp.

     1,259         137,130  

HEICO Corp.

     85         5,114  

Hexcel Corp.*

     215         9,361  

Honeywell International, Inc.

     2,702         250,637  

Huntington Ingalls Industries, Inc.

     159         16,259  

L-3 Communications Holdings, Inc.

     508         60,020  

Lockheed Martin Corp.

     1,640         267,714  

Moog, Inc. Class A*

     167         10,940  

National Presto Industries, Inc.

     43         3,356  

Northrop Grumman Corp.

     1,096         135,224  

Orbital Sciences Corp.*

     207         5,775  

Precision Castparts Corp.

     377         95,291  

Raytheon Co.

     1,617         159,743  

Rockwell Collins, Inc.

     528         42,066  

Teledyne Technologies, Inc.*

     124         12,069  

Textron, Inc.

     747         29,350  

TransDigm Group, Inc.

     81         15,001  

Triumph Group, Inc.

     273         17,630  

United Technologies Corp.

     2,963         346,197  
     

 

 

 
Total Aerospace & Defense               2,043,398  
Air Freight & Logistics – 0.5%      

Atlas Air Worldwide Holdings, Inc.*

     152         5,361  

C.H. Robinson Worldwide, Inc.

     398         20,851  

Expeditors International of Washington, Inc.

     426         16,883  

FedEx Corp.

     752         99,685  

Forward Air Corp.

     101         4,657  

Hub Group, Inc. Class A*

     127         5,079  

Park-Ohio Holdings Corp.*

     149         8,366  

United Parcel Service, Inc. Class B

     2,262         220,274  
     

 

 

 
Total Air Freight & Logistics               381,156  
Airlines – 0.5%      

Alaska Air Group, Inc.

     370         34,525  

Allegiant Travel Co.

     80         8,954  

American Airlines Group, Inc.*

     1,458         53,363  

Delta Air Lines, Inc.

     4,768         165,211  

Hawaiian Holdings, Inc.*

     594         8,292  

JetBlue Airways Corp.*

     975         8,473  

SkyWest, Inc.

     312         3,981  

Southwest Airlines Co.

     1,988         46,937  

Spirit Airlines, Inc.*

     217         12,890  
     

 

 

 
Total Airlines               342,626  
Auto Components – 0.5%      

Allison Transmission Holdings, Inc.

     265       $ 7,934  

American Axle & Manufacturing Holdings, Inc.*

     848         15,705  

BorgWarner, Inc.

     744         45,734  

Cooper Tire & Rubber Co.

     726         17,642  

Dana Holding Corp.

     119         2,769  

Dorman Products, Inc.*

     128         7,560  

Gentex Corp.

     372         11,729  

Goodyear Tire & Rubber Co. (The)

     1,050         27,436  

Johnson Controls, Inc.

     1,552         73,440  

Lear Corp.

     801         67,060  

Standard Motor Products, Inc.

     168         6,009  

Superior Industries International, Inc.

     153         3,135  

Tenneco, Inc.*

     247         14,343  

TRW Automotive Holdings Corp.*

     856         69,867  

Visteon Corp.*

     88         7,783  
     

 

 

 
Total Auto Components               378,146  
Automobiles – 0.6%      

Ford Motor Co.

     22,552         351,811  

Harley-Davidson, Inc.

     645         42,963  

Thor Industries, Inc.

     192         11,724  

Winnebago Industries, Inc.*

     187         5,122  
     

 

 

 
Total Automobiles               411,620  
Banks – 9.3%      

1st Source Corp.

     130         4,172  

Associated Banc-Corp.

     630         11,378  

BancFirst Corp.

     65         3,681  

BancorpSouth, Inc.

     293         7,313  

Bank of America Corp.

     40,533         697,168  

Bank of Hawaii Corp.

     193         11,698  

Bank of the Ozarks, Inc.

     196         13,340  

BankUnited, Inc.

     343         11,926  

Banner Corp.

     99         4,080  

BB&T Corp.

     2,618         105,165  

BBCN Bancorp, Inc.

     301         5,159  

BOK Financial Corp.

     320         22,096  

Boston Private Financial Holdings, Inc.

     365         4,938  

Camden National Corp.

     99         4,079  

CapitalSource, Inc.

     1,199         17,493  

Cardinal Financial Corp.

     459         8,184  

Cathay General Bancorp

     252         6,348  

Central Pacific Financial Corp.

     335         6,767  

Chemical Financial Corp.

     123         3,991  

CIT Group, Inc.

     951         46,618  

Citigroup, Inc.

     14,873         707,955  

City Holding Co.

     98         4,396  

City National Corp.

     201         15,823  

CoBiz Financial, Inc.

     433         4,988  

Columbia Banking System, Inc.

     164         4,677  

Comerica, Inc.

     855         44,289  

Commerce Bancshares, Inc.

     378         17,547  

Community Bank System, Inc.

     145         5,658  

Community Trust Bancorp, Inc.

     99         4,107  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      13   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Cullen/Frost Bankers, Inc.

     246       $ 19,072  

Customers Bancorp, Inc.*

     214         4,466  

CVB Financial Corp.

     341         5,422  

East West Bancorp, Inc.

     638         23,287  

Fifth Third Bancorp

     5,143         118,032  

First Citizens BancShares, Inc. Class A

     38         9,148  

First Commonwealth Financial Corp.

     463         4,186  

First Financial Bancorp

     216         3,884  

First Financial Bankshares, Inc.

     111         6,859  

First Financial Holdings, Inc.

     103         6,450  

First Interstate BancSystem, Inc.

     204         5,757  

First Midwest Bancorp, Inc.

     187         3,194  

First Niagara Financial Group, Inc.

     1,052         9,941  

First Republic Bank

     567         30,612  

FirstMerit Corp.

     478         9,957  

Flushing Financial Corp.

     203         4,277  

FNB Corp.

     329         4,409  

Fulton Financial Corp.

     968         12,177  

Glacier Bancorp, Inc.

     225         6,541  

Great Southern Bancorp, Inc.

     114         3,423  

Hancock Holding Co.

     188         6,890  

Hanmi Financial Corp.

     349         8,132  

Home BancShares, Inc.

     210         7,228  

Huntington Bancshares, Inc.

     4,680         46,660  

Iberiabank Corp.

     105         7,366  

Independent Bank Corp.

     87         3,425  

International Bancshares Corp.

     400         10,032  

Investors Bancorp, Inc.

     266         7,352  

JPMorgan Chase & Co.

     26,257         1,594,062  

KeyCorp

     4,588         65,333  

Lakeland Financial Corp.

     125         5,027  

M&T Bank Corp.

     579         70,233  

MB Financial, Inc.

     250         7,740  

National Penn Bancshares, Inc.

     394         4,117  

NBT Bancorp, Inc.

     140         3,424  

OFG Bancorp

     332         5,707  

Old National Bancorp

     272         4,056  

PacWest Bancorp

     121         5,204  

Park National Corp.

     63         4,844  

Pinnacle Financial Partners, Inc.

     150         5,623  

PNC Financial Services Group, Inc.

     3,112         270,744  

Popular, Inc.*

     890         27,581  

PrivateBancorp, Inc.

     203         6,194  

Prosperity Bancshares, Inc.

     243         16,074  

Regions Financial Corp.

     7,295         81,047  

Republic Bancorp, Inc. Class A

     252         5,695  

S&T Bancorp, Inc.

     107         2,536  

Seacoast Banking Corp. of Florida*

     188         2,068  

Signature Bank*

     150         18,839  

Simmons First National Corp. Class A

     108         4,025  

Southside Bancshares, Inc.

     162         5,084  

Sterling Bancorp

     393         4,975  

SunTrust Banks, Inc.

     2,431         96,729  

Susquehanna Bancshares, Inc.

     497         5,661  

SVB Financial Group*

     188       $ 24,211  

Synovus Financial Corp.

     15,095         51,172  

Taylor Capital Group, Inc.*

     289         6,913  

Texas Capital Bancshares, Inc.*

     105         6,819  

Tompkins Financial Corp.

     87         4,260  

Trustmark Corp.

     226         5,729  

U.S. Bancorp

     8,919         382,268  

UMB Financial Corp.

     197         12,746  

Umpqua Holdings Corp.

     274         5,107  

Union First Market Bankshares Corp.

     382         9,710  

United Bankshares, Inc.

     146         4,471  

United Community Banks, Inc.*

     670         13,005  

Valley National Bancorp

     581         6,048  

Webster Financial Corp.

     446         13,853  

Wells Fargo & Co.

     29,676         1,476,084  

WesBanco, Inc.

     130         4,138  

Westamerica Bancorp.

     83         4,489  

Western Alliance Bancorp*

     257         6,322  

Wilshire Bancorp, Inc.

     795         8,825  

Wintrust Financial Corp.

     127         6,180  

Zions Bancorp.

     590         18,278  
     

 

 

 
Total Banks               6,586,463  
Beverages – 1.9%      

Beam, Inc.

     317         26,406  

Boston Beer Co., Inc. (The) Class A*

     22         5,384  

Brown-Forman Corp. Class B

     513         46,011  

Coca-Cola Bottling Co. Consolidated

     61         5,184  

Coca-Cola Co. (The)

     13,121         507,258  

Coca-Cola Enterprises, Inc.

     1,106         52,823  

Constellation Brands, Inc. Class A*

     1,737         147,593  

Dr. Pepper Snapple Group, Inc.

     806         43,895  

Molson Coors Brewing Co. Class B

     762         44,851  

Monster Beverage Corp.*

     312         21,668  

National Beverage Corp.*

     196         3,824  

PepsiCo, Inc.

     5,271         440,128  
     

 

 

 
Total Beverages               1,345,025  
Biotechnology – 1.3%      

Acorda Therapeutics, Inc.*

     166         6,293  

Alexion Pharmaceuticals, Inc.*

     139         21,146  

Amgen, Inc.

     2,757         340,049  

Biogen Idec, Inc.*

     414         126,630  

Celgene Corp.*

     636         88,786  

Cubist Pharmaceuticals, Inc.*

     114         8,339  

Emergent Biosolutions, Inc.*

     131         3,310  

Gilead Sciences, Inc.*

     2,819         199,754  

Myriad Genetics, Inc.*

     402         13,744  

PDL BioPharma, Inc.

     1,746         14,509  

Regeneron Pharmaceuticals, Inc.*

     159         47,745  

United Therapeutics Corp.*

     239         22,473  
     

 

 

 
Total Biotechnology               892,778  
Building Products – 0.1%      

A.O. Smith Corp.

     172         7,915  

American Woodmark Corp.*

     83         2,794  

 

See Notes to Financial Statements.

 

14   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Armstrong World Industries, Inc.*

     143       $ 7,615  

Lennox International, Inc.

     127         11,545  

Masco Corp.

     361         8,018  

Owens Corning

     183         7,900  

Simpson Manufacturing Co., Inc.

     126         4,452  
     

 

 

 
Total Building Products               50,239  
Capital Markets – 2.6%      

Affiliated Managers Group, Inc.*

     82         16,404  

American Capital Ltd.*

     2,530         39,949  

Ameriprise Financial, Inc.

     839         92,349  

Arlington Asset Investment Corp. Class A

     693         18,351  

Bank of New York Mellon Corp. (The)

     4,215         148,747  

BlackRock, Inc.

     573         180,197  

Calamos Asset Management, Inc. Class A

     185         2,392  

Charles Schwab Corp. (The)

     2,318         63,351  

Cohen & Steers, Inc.

     90         3,587  

Eaton Vance Corp.

     397         15,150  

Federated Investors, Inc. Class B

     439         13,407  

Financial Engines, Inc.

     108         5,484  

Franklin Resources, Inc.

     2,457         133,120  

FXCM, Inc. Class A

     168         2,481  

GAMCO Investors, Inc. Class A

     121         9,396  

Goldman Sachs Group, Inc. (The)

     2,873         470,741  

Greenhill & Co., Inc.

     66         3,431  

HFF, Inc. Class A

     196         6,588  

INTL FCStone, Inc.*

     167         3,141  

Investment Technology Group, Inc.*

     100         2,020  

Janus Capital Group, Inc.

     866         9,413  

Legg Mason, Inc.

     372         18,243  

LPL Financial Holdings, Inc.

     257         13,503  

Morgan Stanley

     6,311         196,714  

Northern Trust Corp.

     721         47,269  

Raymond James Financial, Inc.

     423         23,658  

SEI Investments Co.

     489         16,435  

State Street Corp.

     1,929         134,162  

Stifel Financial Corp.*

     169         8,409  

T. Rowe Price Group, Inc.

     714         58,798  

TD Ameritrade Holding Corp.

     1,423         48,311  

Virtus Investment Partners, Inc.*

     60         10,390  

Waddell & Reed Financial, Inc. Class A

     258         18,994  

Walter Investment Management Corp.*

     252         7,517  
     

 

 

 
Total Capital Markets               1,842,102  
Chemicals – 2.4%      

A. Schulman, Inc.

     108         3,916  

Air Products & Chemicals, Inc.

     602         71,662  

Airgas, Inc.

     193         20,556  

Albemarle Corp.

     311         20,657  

Ashland, Inc.

     601         59,788  

Axiall Corp.

     203         9,119  

Balchem Corp.

     79         4,118  

Cabot Corp.

     205         12,107  

Calgon Carbon Corp.*

     295         6,440  

Celanese Corp. Series A

     720         39,967  

CF Industries Holdings, Inc.

     491       $ 127,974  

Cytec Industries, Inc.

     105         10,249  

Dow Chemical Co. (The)

     4,240         206,022  

E.I. du Pont de Nemours & Co.

     2,974         199,555  

Eastman Chemical Co.

     718         61,899  

Ecolab, Inc.

     463         49,999  

Flotek Industries, Inc.*

     400         11,140  

FMC Corp.

     348         26,643  

H.B. Fuller Co.

     155         7,483  

Huntsman Corp.

     579         14,139  

Innophos Holdings, Inc.

     57         3,232  

Innospec, Inc.

     154         6,965  

International Flavors & Fragrances, Inc.

     217         20,760  

Intrepid Potash, Inc.*

     170         2,628  

Koppers Holdings, Inc.

     170         7,009  

Landec Corp.*

     153         1,707  

LSB Industries, Inc.*

     112         4,191  

Minerals Technologies, Inc.

     118         7,618  

Monsanto Co.

     1,353         153,931  

Mosaic Co. (The)

     2,008         100,400  

NewMarket Corp.

     47         18,367  

Olin Corp.

     390         10,768  

Omnova Solutions, Inc.*

     441         4,578  

PolyOne Corp.

     266         9,752  

PPG Industries, Inc.

     377         72,934  

Praxair, Inc.

     856         112,110  

Quaker Chemical Corp.

     61         4,809  

Rockwood Holdings, Inc.

     216         16,070  

RPM International, Inc.

     448         18,744  

Scotts Miracle-Gro Co. (The) Class A

     164         10,050  

Sensient Technologies Corp.

     172         9,703  

Sherwin-Williams Co. (The)

     222         43,763  

Sigma-Aldrich Corp.

     332         31,002  

Stepan Co.

     126         8,135  

Valspar Corp.

     265         19,112  

W.R. Grace & Co.*

     259         25,685  

Westlake Chemical Corp.

     468         30,972  
     

 

 

 
Total Chemicals               1,718,428  
Commercial Services & Supplies – 0.5%      

ABM Industries, Inc.

     190         5,461  

ACCO Brands Corp.*

     1,012         6,234  

ADT Corp. (The)

     420         12,579  

Brink’s Co. (The)

     229         6,538  

Cintas Corp.

     366         21,817  

Clean Harbors, Inc.*

     127         6,958  

Copart, Inc.*

     374         13,610  

Covanta Holding Corp.

     320         5,776  

Deluxe Corp.

     324         17,000  

Ennis, Inc.

     256         4,242  

Herman Miller, Inc.

     194         6,233  

HNI Corp.

     129         4,716  

Iron Mountain, Inc.

     261         7,196  

KAR Auction Services, Inc.

     187         5,676  

Knoll, Inc.

     256         4,657  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      15   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

McGrath RentCorp

     68       $ 2,377  

Mobile Mini, Inc.

     123         5,333  

MSA Safety, Inc.

     140         7,980  

Pitney Bowes, Inc.

     1,146         29,785  

Republic Services, Inc.

     908         31,017  

Rollins, Inc.

     236         7,137  

Steelcase, Inc. Class A

     307         5,099  

Stericycle, Inc.*

     142         16,134  

Tetra Tech, Inc.*

     168         4,971  

UniFirst Corp.

     111         12,203  

United Stationers, Inc.

     207         8,502  

Waste Connections, Inc.

     275         12,062  

Waste Management, Inc.

     1,290         54,270  
     

 

 

 
Total Commercial Services & Supplies               325,563  
Communications Equipment – 1.9%      

ADTRAN, Inc.

     299         7,299  

Black Box Corp.

     103         2,507  

Brocade Communications Systems, Inc.*

     1,422         15,088  

Cisco Systems, Inc.

     30,262         678,171  

Comtech Telecommunications Corp.

     99         3,154  

EchoStar Corp. Class A*

     247         11,747  

F5 Networks, Inc.*

     181         19,300  

Finisar Corp.*

     127         3,367  

Harris Corp.

     477         34,897  

Ixia*

     172         2,150  

Juniper Networks, Inc.*

     984         25,348  

Motorola Solutions, Inc.

     1,053         67,697  

NETGEAR, Inc.*

     106         3,575  

Plantronics, Inc.

     153         6,801  

QUALCOMM, Inc.

     5,886         464,170  

Ubiquiti Networks, Inc.*

     255         11,595  
     

 

 

 
Total Communications Equipment               1,356,866  
Construction & Engineering – 0.3%      

AECOM Technology Corp.*

     542         17,436  

Aegion Corp.*

     296         7,492  

Comfort Systems USA, Inc.

     153         2,332  

EMCOR Group, Inc.

     215         10,060  

Fluor Corp.

     600         46,638  

Jacobs Engineering Group, Inc.*

     468         29,718  

KBR, Inc.

     707         18,863  

MasTec, Inc.*

     360         15,638  

Pike Corp.*

     353         3,798  

Primoris Services Corp.

     192         5,756  

Quanta Services, Inc.*

     690         25,461  

Tutor Perini Corp.*

     229         6,565  

URS Corp.

     415         19,530  
     

 

 

 
Total Construction & Engineering               209,287  
Construction Materials – 0.0%      

Eagle Materials, Inc.

     66         5,851  

Martin Marietta Materials, Inc.

     48         6,161  
     

 

 

 
Total Construction Materials               12,012  
Consumer Finance – 1.3%      

American Express Co.

     3,633         327,079  

Capital One Financial Corp.

     3,618       $ 279,165  

Cash America International, Inc.

     235         9,099  

Credit Acceptance Corp.*

     125         17,769  

Discover Financial Services

     2,920         169,915  

Encore Capital Group, Inc.*

     141         6,443  

EZCORP, Inc. Class A*

     591         6,377  

First Cash Financial Services, Inc.*

     89         4,491  

Green Dot Corp. Class A*

     294         5,742  

Nelnet, Inc. Class A

     474         19,386  

Portfolio Recovery Associates, Inc.*

     172         9,952  

Regional Management Corp.*

     147         3,625  

SLM Corp.

     3,571         87,418  

World Acceptance Corp.*

     86         6,457  
     

 

 

 
Total Consumer Finance               952,918  
Containers & Packaging – 0.3%      

AptarGroup, Inc.

     187         12,361  

Avery Dennison Corp.

     276         13,985  

Ball Corp.

     543         29,762  

Bemis Co., Inc.

     271         10,634  

Crown Holdings, Inc.*

     611         27,336  

Graphic Packaging Holding Co.*

     1,799         18,278  

Greif, Inc. Class A

     229         12,020  

MeadWestvaco Corp.

     212         7,980  

Owens-Illinois, Inc.*

     459         15,528  

Packaging Corp. of America

     257         18,085  

Rock-Tenn Co. Class A

     450         47,506  

Silgan Holdings, Inc.

     227         11,241  

Sonoco Products Co.

     331         13,578  
     

 

 

 
Total Containers & Packaging               238,294  
Distributors – 0.1%      

Core-Mark Holding Co., Inc.

     65         4,719  

Genuine Parts Co.

     485         42,122  

LKQ Corp.*

     542         14,282  

Pool Corp.

     134         8,217  

VOXX International Corp.*

     291         3,981  
     

 

 

 
Total Distributors               73,321  
Diversified Consumer Services – 0.2%      

Apollo Education Group, Inc.*

     759         25,988  

Bridgepoint Education, Inc.*

     601         8,949  

Capella Education Co.

     83         5,241  

DeVry Education Group, Inc.

     364         15,430  

Graham Holdings Co. Class B

     25         17,594  

Grand Canyon Education, Inc.*

     225         10,508  

H&R Block, Inc.

     1,052         31,760  

Hillenbrand, Inc.

     288         9,311  

Matthews International Corp. Class A

     102         4,163  

Service Corp. International

     340         6,759  

Sotheby’s

     196         8,536  

Strayer Education, Inc.*

     130         6,036  

Weight Watchers International, Inc.

     449         9,222  
     

 

 

 
Total Diversified Consumer Services               159,497  
Diversified Financial Services – 2.1%      

Berkshire Hathaway, Inc. Class B*

     9,690         1,210,959  

 

See Notes to Financial Statements.

 

16   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

CBOE Holdings, Inc.

     219       $ 12,395  

CME Group, Inc.

     804         59,504  

Interactive Brokers Group, Inc. Class A

     243         5,266  

IntercontinentalExchange Group, Inc.

     201         39,764  

Leucadia National Corp.

     1,205         33,740  

MarketAxess Holdings, Inc.

     90         5,330  

McGraw Hill Financial, Inc.

     769         58,675  

Moody’s Corp.

     715         56,714  

MSCI, Inc. Class A*

     339         14,584  

NASDAQ OMX Group, Inc. (The)

     646         23,863  

PHH Corp.*

     269         6,951  
     

 

 

 
Total Diversified Financial Services               1,527,745  
Diversified Telecommunication Services – 1.8%      

8x8, Inc.*

     506         5,470  

AT&T, Inc.

     23,295         816,956  

Atlantic Tele-Network, Inc.

     81         5,339  

CenturyLink, Inc.

     1,890         62,068  

Frontier Communications Corp.

     1,422         8,105  

Iridium Communications, Inc.*

     821         6,166  

tw telecom, Inc.*

     279         8,721  

Verizon Communications, Inc.

     8,131         386,792  

Windstream Holdings, Inc.

     906         7,465  
     

 

 

 
Total Diversified Telecommunication Services         1,307,082  
Electric Utilities – 1.8%      

ALLETE, Inc.

     144         7,548  

American Electric Power Co., Inc.

     1,554         78,726  

Cleco Corp.

     279         14,112  

Duke Energy Corp.

     2,140         152,411  

Edison International

     1,965         111,239  

El Paso Electric Co.

     169         6,038  

Empire District Electric Co. (The)

     106         2,578  

Entergy Corp.

     821         54,884  

Exelon Corp.

     4,377         146,892  

FirstEnergy Corp.

     1,435         48,833  

Great Plains Energy, Inc.

     630         17,035  

Hawaiian Electric Industries, Inc.

     268         6,813  

IDACORP, Inc.

     167         9,263  

ITC Holdings Corp.

     363         13,558  

MGE Energy, Inc.

     157         6,159  

NextEra Energy, Inc.

     1,257         120,194  

Northeast Utilities

     1,316         59,878  

OGE Energy Corp.

     664         24,409  

Pepco Holdings, Inc.

     669         13,701  

Pinnacle West Capital Corp.

     453         24,761  

PNM Resources, Inc.

     285         7,704  

Portland General Electric Co.

     287         9,282  

PPL Corp.

     3,716         123,148  

Southern Co. (The)

     2,646         116,265  

UIL Holdings Corp.

     107         3,939  

UNS Energy Corp.

     184         11,045  

Westar Energy, Inc.

     559         19,654  

Xcel Energy, Inc.

     2,149         65,244  
     

 

 

 
Total Electric Utilities               1,275,313  
Electrical Equipment – 0.6%      

Acuity Brands, Inc.

     109       $ 14,450  

AMETEK, Inc.

     568         29,246  

AZZ, Inc.

     82         3,664  

Babcock & Wilcox Co. (The)

     419         13,911  

Emerson Electric Co.

     2,340         156,312  

EnerSys

     218         15,105  

Franklin Electric Co., Inc.

     132         5,613  

Generac Holdings, Inc.

     324         19,106  

Global Power Equipment Group, Inc.

     126         2,506  

GrafTech International Ltd.*

     744         8,125  

Hubbell, Inc. Class B

     204         24,454  

Polypore International, Inc.*

     86         2,942  

Powell Industries, Inc.

     68         4,406  

Regal-Beloit Corp.

     172         12,506  

Rockwell Automation, Inc.

     411         51,190  

Roper Industries, Inc.

     238         31,775  
     

 

 

 
Total Electrical Equipment               395,311  
Electronic Equipment, Instruments & Components – 0.8%   

Amphenol Corp. Class A

     464         42,526  

Anixter International, Inc.

     143         14,517  

Arrow Electronics, Inc.*

     633         37,575  

Audience, Inc.*

     188         2,350  

Avnet, Inc.

     765         35,595  

Belden, Inc.

     141         9,814  

Benchmark Electronics, Inc.*

     337         7,633  

Cognex Corp.*

     184         6,230  

Coherent, Inc.*

     80         5,228  

Corning, Inc.

     7,143         148,717  

Dolby Laboratories, Inc. Class A*

     520         23,140  

FEI Co.

     110         11,332  

FLIR Systems, Inc.

     483         17,388  

II-VI, Inc.*

     362         5,586  

Ingram Micro, Inc. Class A*

     951         28,112  

Insight Enterprises, Inc.*

     432         10,848  

InvenSense, Inc.*

     249         5,894  

IPG Photonics Corp.*

     127         9,027  

Itron, Inc.*

     101         3,590  

Jabil Circuit, Inc.

     1,392         25,056  

Knowles Corp.*

     328         10,355  

Littelfuse, Inc.

     111         10,394  

MTS Systems Corp.

     123         8,424  

National Instruments Corp.

     229         6,570  

OSI Systems, Inc.*

     47         2,813  

PC Connection, Inc.

     337         6,848  

Plexus Corp.*

     256         10,258  

Rofin-Sinar Technologies, Inc.*

     168         4,025  

Rogers Corp.*

     83         5,181  

Sanmina Corp.*

     627         10,941  

ScanSource, Inc.*

     186         7,583  

SYNNEX Corp.*

     209         12,667  

Tech Data Corp.*

     231         14,082  

Trimble Navigation Ltd.*

     330         12,827  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      17   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Vishay Intertechnology, Inc.

     966       $ 14,374  

Zebra Technologies Corp. Class A*

     182         12,633  
     

 

 

 
Total Electronic Equipment, Instruments & Components         600,133  
Energy Equipment & Services – 1.1%   

Atwood Oceanics, Inc.*

     344         17,334  

Baker Hughes, Inc.

     1,310         85,176  

Bristow Group, Inc.

     152         11,479  

C&J Energy Services, Inc.*

     481         14,026  

Cameron International Corp.*

     700         43,239  

CARBO Ceramics, Inc.

     57         7,865  

Diamond Offshore Drilling, Inc.

     613         29,890  

Dresser-Rand Group, Inc.*

     159         9,287  

Dril-Quip, Inc.*

     77         8,632  

Era Group, Inc.*

     37         1,085  

FMC Technologies, Inc.*

     512         26,773  

Forum Energy Technologies, Inc.*

     243         7,528  

Gulfmark Offshore, Inc. Class A

     87         3,910  

Halliburton Co.

     3,362         197,988  

Helmerich & Payne, Inc.

     489         52,597  

Hornbeck Offshore Services, Inc.*

     78         3,261  

Key Energy Services, Inc.*

     923         8,529  

National Oilwell Varco, Inc.

     1,879         146,318  

Newpark Resources, Inc.*

     404         4,626  

Oceaneering International, Inc.

     254         18,252  

Oil States International, Inc.*

     274         27,016  

Patterson-UTI Energy, Inc.

     701         22,208  

RPC, Inc.

     1,085         22,156  

Superior Energy Services, Inc.

     762         23,439  

Tidewater, Inc.

     107         5,202  

Unit Corp.*

     164         10,722  
     

 

 

 
Total Energy Equipment & Services               808,538  
Food & Staples Retailing – 2.8%   

Andersons, Inc. (The)

     151         8,945  

Casey’s General Stores, Inc.

     112         7,570  

Costco Wholesale Corp.

     1,058         118,157  

CVS Caremark Corp.

     4,109         307,600  

Fresh Market, Inc. (The)*

     56         1,882  

Ingles Markets, Inc. Class A

     184         4,383  

Kroger Co. (The)

     2,081         90,836  

PriceSmart, Inc.

     78         7,873  

Rite Aid Corp.*

     1,935         12,132  

Roundy’s, Inc.

     583         4,011  

Safeway, Inc.

     659         24,343  

Spartan Stores, Inc.

     79         1,834  

Susser Holdings Corp.*

     82         5,123  

Sysco Corp.

     1,952         70,526  

United Natural Foods, Inc.*

     145         10,283  

Walgreen Co.

     2,768         182,771  

Wal-Mart Stores, Inc.

     14,183         1,084,007  

Weis Markets, Inc.

     82         4,038  

Whole Foods Market, Inc.

     552         27,992  
     

 

 

 
Total Food & Staples Retailing               1,974,306  
Food Products – 1.6%   

Archer-Daniels-Midland Co.

     2,068       89,730  

B&G Foods, Inc.

     110         3,312  

Cal-Maine Foods, Inc.

     122         7,659  

Campbell Soup Co.

     1,122         50,355  

ConAgra Foods, Inc.

     1,496         46,421  

Darling International, Inc.*

     490         9,810  

Dean Foods Co.

     519         8,024  

Flowers Foods, Inc.

     510         10,939  

General Mills, Inc.

     2,120         109,858  

Hain Celestial Group, Inc. (The)*

     70         6,403  

Hershey Co. (The)

     484         50,529  

Hillshire Brands Co.

     224         8,346  

Hormel Foods Corp.

     814         40,106  

Ingredion, Inc.

     373         25,394  

J&J Snack Foods Corp.

     45         4,319  

J.M. Smucker Co. (The)

     321         31,214  

Kellogg Co.

     1,107         69,420  

Keurig Green Mountain, Inc.

     392         41,391  

Kraft Foods Group, Inc.

     2,029         113,827  

Lancaster Colony Corp.

     109         10,837  

McCormick & Co., Inc.

     340         24,391  

Mead Johnson Nutrition Co.

     465         38,660  

Mondelez International, Inc. Class A

     5,063         174,927  

Pilgrim’s Pride Corp.*

     1,141         23,870  

Seaboard Corp.*

     6         15,729  

Seneca Foods Corp. Class A*

     91         2,865  

Snyder’s-Lance, Inc.

     146         4,116  

Tootsie Roll Industries, Inc.

     121         3,623  

TreeHouse Foods, Inc.*

     89         6,407  

Tyson Foods, Inc. Class A

     1,563         68,788  

WhiteWave Foods Co. Class A*

     194         5,537  
     

 

 

 
Total Food Products               1,106,807  
Gas Utilities – 0.2%   

AGL Resources, Inc.

     312         15,276  

Atmos Energy Corp.

     351         16,543  

Laclede Group, Inc. (The)

     82         3,866  

National Fuel Gas Co.

     207         14,498  

New Jersey Resources Corp.

     110         5,478  

Northwest Natural Gas Co.

     90         3,961  

ONE Gas, Inc.*

     98         3,521  

Piedmont Natural Gas Co., Inc.

     205         7,255  

Questar Corp.

     583         13,864  

South Jersey Industries, Inc.

     122         6,843  

Southwest Gas Corp.

     161         8,605  

UGI Corp.

     329         15,006  

WGL Holdings, Inc.

     173         6,930  
     

 

 

 
Total Gas Utilities               121,646  
Health Care Equipment & Supplies – 1.7%   

Abbott Laboratories

     4,900         188,699  

Align Technology, Inc.*

     88         4,557  

Baxter International, Inc.

     2,117         155,769  

Becton Dickinson and Co.

     676         79,146  

 

See Notes to Financial Statements.

 

18   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Boston Scientific Corp.*

     2,327       $ 31,461  

C.R. Bard, Inc.

     265         39,215  

CareFusion Corp.*

     694         27,913  

CONMED Corp.

     126         5,475  

Cooper Cos., Inc. (The)

     133         18,269  

Cyberonics, Inc.*

     91         5,938  

DENTSPLY International, Inc.

     336         15,469  

Edwards Lifesciences Corp.*

     276         20,471  

Globus Medical, Inc. Class A*

     216         5,743  

Greatbatch, Inc.*

     105         4,821  

Haemonetics Corp.*

     122         3,976  

Hill-Rom Holdings, Inc.

     190         7,323  

IDEXX Laboratories, Inc.*

     109         13,233  

Intuitive Surgical, Inc.*

     101         44,237  

Masimo Corp.*

     163         4,451  

Medtronic, Inc.

     4,143         254,960  

PhotoMedex, Inc.*

     195         3,087  

ResMed, Inc.

     317         14,167  

Sirona Dental Systems, Inc.*

     112         8,363  

St. Jude Medical, Inc.

     951         62,186  

STERIS Corp.

     209         9,980  

Stryker Corp.

     748         60,939  

Teleflex, Inc.

     111         11,904  

Thoratec Corp.*

     89         3,187  

Varian Medical Systems, Inc.*

     308         25,869  

West Pharmaceutical Services, Inc.

     204         8,986  

Zimmer Holdings, Inc.

     671         63,463  
     

 

 

 
Total Health Care Equipment & Supplies               1,203,257  
Health Care Providers & Services – 2.5%   

Aetna, Inc.

     1,682         126,100  

Air Methods Corp.*

     117         6,251  

Amedisys, Inc.*

     292         4,348  

AmerisourceBergen Corp.

     450         29,516  

Amsurg Corp.*

     141         6,638  

Cardinal Health, Inc.

     1,154         80,757  

Centene Corp.*

     62         3,860  

Chemed Corp.

     103         9,213  

Cigna Corp.

     1,080         90,428  

Community Health Systems, Inc.*

     437         17,117  

DaVita HealthCare Partners, Inc.*

     716         49,297  

Ensign Group, Inc. (The)

     141         6,153  

Express Scripts Holding Co.*

     1,780         133,660  

Five Star Quality Care, Inc.*

     1,437         6,984  

Hanger, Inc.*

     130         4,378  

HCA Holdings, Inc.*

     2,153         113,033  

Health Net, Inc.*

     180         6,122  

HealthSouth Corp.

     454         16,312  

Henry Schein, Inc.*

     291         34,737  

Humana, Inc.

     892         100,546  

Laboratory Corp. of America Holdings*

     362         35,552  

Landauer, Inc.

     23         1,043  

LifePoint Hospitals, Inc.*

     207         11,292  

Magellan Health Services, Inc.*

     131         7,775  

McKesson Corp.

     666         117,596  

MEDNAX, Inc.*

     372       23,057  

Molina Healthcare, Inc.*

     97         3,643  

MWI Veterinary Supply, Inc.*

     39         6,069  

National Healthcare Corp.

     42         2,342  

Omnicare, Inc.

     243         14,500  

Owens & Minor, Inc.

     192         6,726  

Patterson Cos., Inc.

     436         18,207  

Quest Diagnostics, Inc.

     595         34,462  

Select Medical Holdings Corp.

     721         8,976  

Team Health Holdings, Inc.*

     148         6,623  

Triple-S Management Corp. Class B*

     230         3,712  

UnitedHealth Group, Inc.

     4,764         390,600  

Universal American Corp.

     611         4,320  

Universal Health Services, Inc. Class B

     420         34,469  

VCA Antech, Inc.*

     289         9,315  

WellCare Health Plans, Inc.*

     259         16,452  

WellPoint, Inc.

     1,946         193,724  
     

 

 

 
Total Health Care Providers & Services               1,795,905  
Health Care Technology – 0.0%   

Cerner Corp.*

     516         29,025  

Medidata Solutions, Inc.*

     130         7,064  
     

 

 

 
Total Health Care Technology               36,089  
Hotels, Restaurants & Leisure – 1.6%   

Bally Technologies, Inc.*

     145         9,609  

Bob Evans Farms, Inc.

     152         7,605  

Bravo Brio Restaurant Group, Inc.*

     186         2,624  

Brinker International, Inc.

     332         17,413  

Buffalo Wild Wings, Inc.*

     40         5,956  

Burger King Worldwide, Inc.

     272         7,222  

Cheesecake Factory, Inc. (The)

     108         5,144  

Chipotle Mexican Grill, Inc.*

     48         27,266  

Choice Hotels International, Inc.

     169         7,774  

Churchill Downs, Inc.

     49         4,474  

Cracker Barrel Old Country Store, Inc.

     145         14,100  

Darden Restaurants, Inc.

     516         26,192  

DineEquity, Inc.

     62         4,840  

Domino’s Pizza, Inc.

     154         11,853  

Dunkin’ Brands Group, Inc.

     148         7,427  

Einstein Noah Restaurant Group, Inc.

     131         2,156  

Hyatt Hotels Corp. Class A*

     182         9,793  

International Game Technology

     820         11,529  

International Speedway Corp. Class A

     186         6,322  

Interval Leisure Group, Inc.

     190         4,967  

Jack In The Box, Inc.*

     131         7,721  

Krispy Kreme Doughnuts, Inc.*

     434         7,695  

Las Vegas Sands Corp.

     1,728         139,588  

Life Time Fitness, Inc.*

     122         5,868  

Marriott International, Inc. Class A

     827         46,329  

McDonald’s Corp.

     3,589         351,830  

Panera Bread Co. Class A*

     62         10,941  

Papa John’s International, Inc.

     264         13,757  

Penn National Gaming, Inc.*

     395         4,866  

Six Flags Entertainment Corp.

     243         9,756  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      19   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Sonic Corp.*

     247       $ 5,629  

Speedway Motorsports, Inc.

     105         1,967  

Starbucks Corp.

     1,303         95,614  

Starwood Hotels & Resorts Worldwide, Inc.

     496         39,482  

Texas Roadhouse, Inc.

     183         4,773  

Vail Resorts, Inc.

     36         2,509  

Wyndham Worldwide Corp.

     438         32,075  

Wynn Resorts Ltd.

     258         57,315  

Yum! Brands, Inc.

     1,063         80,140  
     

 

 

 
Total Hotels, Restaurants & Leisure               1,112,121  
Household Durables – 0.8%   

D.R. Horton, Inc.

     1,988         43,040  

Ethan Allen Interiors, Inc.

     126         3,207  

Harman International Industries, Inc.

     191         20,322  

iRobot Corp.*

     124         5,090  

Jarden Corp.*

     287         17,171  

KB Home

     164         2,786  

La-Z-Boy, Inc.

     204         5,528  

Leggett & Platt, Inc.

     383         12,501  

Lennar Corp. Class A

     779         30,864  

M.D.C. Holdings, Inc.

     549         15,526  

M/I Homes, Inc.*

     328         7,354  

Meritage Homes Corp.*

     156         6,533  

Mohawk Industries, Inc.*

     148         20,125  

NACCO Industries, Inc. Class A

     61         3,307  

Newell Rubbermaid, Inc.

     873         26,103  

NVR, Inc.*

     9         10,323  

PulteGroup, Inc.

     8,284         158,970  

Ryland Group, Inc. (The)

     420         16,771  

Standard Pacific Corp.*

     2,428         20,177  

Taylor Morrison Home Corp. Class A*

     764         17,954  

Tempur Sealy International, Inc.*

     128         6,486  

Toll Brothers, Inc.*

     949         34,069  

Tupperware Brands Corp.

     228         19,097  

Whirlpool Corp.

     252         37,664  

William Lyon Homes Class A*

     210         5,798  
     

 

 

 
Total Household Durables               546,766  
Household Products – 1.5%   

Central Garden and Pet Co. Class A*

     343         2,837  

Church & Dwight Co., Inc.

     376         25,970  

Clorox Co. (The)

     400         35,204  

Colgate-Palmolive Co.

     2,400         155,688  

Energizer Holdings, Inc.

     234         23,573  

Kimberly-Clark Corp.

     1,226         135,167  

Procter & Gamble Co. (The)

     8,554         689,452  

WD-40 Co.

     56         4,344  
     

 

 

 
Total Household Products               1,072,235  
Independent Power and Renewable Electricity Producers – 0.1%   

AES Corp. (The)

     3,849         54,964  

Calpine Corp.*

     239         4,997  

NRG Energy, Inc.

     889         28,270  
     

 

 

 
Total Independent Power and Renewable Electricity Producers         88,231  
Industrial Conglomerates – 1.9%   

3M Co.

     2,246       304,692  

Carlisle Cos., Inc.

     230         18,248  

Danaher Corp.

     2,030         152,250  

General Electric Co.

     34,502         893,257  

Raven Industries, Inc.

     82         2,686  
     

 

 

 
Total Industrial Conglomerates               1,371,133  
Insurance – 3.5%   

Aflac, Inc.

     2,950         185,968  

Alleghany Corp.*

     60         24,443  

Allstate Corp. (The)

     2,364         133,755  

American Equity Investment Life Holding Co.

     467         11,031  

American Financial Group, Inc.

     382         22,045  

American International Group, Inc.

     7,154         357,772  

American National Insurance Co.

     129         14,583  

AMERISAFE, Inc.

     148         6,499  

AmTrust Financial Services, Inc.

     439         16,511  

Arthur J. Gallagher & Co.

     248         11,800  

Assurant, Inc.

     484         31,441  

Brown & Brown, Inc.

     394         12,119  

Chubb Corp. (The)

     1,170         104,481  

Cincinnati Financial Corp.

     440         21,410  

CNA Financial Corp.

     1,298         55,451  

CNO Financial Group, Inc.

     1,277         23,114  

Employers Holdings, Inc.

     194         3,925  

FBL Financial Group, Inc. Class A

     229         9,920  

Fidelity National Financial, Inc. Class A

     1,222         38,420  

First American Financial Corp.

     551         14,629  

Genworth Financial, Inc. Class A*

     2,264         40,141  

Hanover Insurance Group, Inc. (The)

     209         12,841  

Hartford Financial Services Group, Inc.

     1,456         51,353  

HCC Insurance Holdings, Inc.

     486         22,108  

Hilltop Holdings, Inc.*

     121         2,879  

Horace Mann Educators Corp.

     250         7,250  

Infinity Property & Casualty Corp.

     80         5,410  

Kemper Corp.

     173         6,776  

Lincoln National Corp.

     1,542         78,133  

Loews Corp.

     1,153         50,790  

Markel Corp.*

     25         14,902  

Marsh & McLennan Cos., Inc.

     1,697         83,662  

MBIA, Inc.*

     3,904         54,617  

Mercury General Corp.

     168         7,573  

MetLife, Inc.

     6,395         337,656  

National Western Life Insurance Co. Class A

     28         6,846  

Navigators Group, Inc. (The)*

     49         3,008  

Old Republic International Corp.

     214         3,510  

Primerica, Inc.

     362         17,054  

Principal Financial Group, Inc.

     1,220         56,108  

ProAssurance Corp.

     310         13,804  

Progressive Corp. (The)

     2,001         48,464  

Protective Life Corp.

     532         27,978  

Reinsurance Group of America, Inc.

     508         40,452  

RLI Corp.

     236         10,441  

Safety Insurance Group, Inc.

     99         5,331  

 

See Notes to Financial Statements.

 

20   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Selective Insurance Group, Inc.

     129       $ 3,008  

StanCorp Financial Group, Inc.

     279         18,637  

State Auto Financial Corp.

     268         5,711  

Stewart Information Services Corp.

     201         7,061  

Symetra Financial Corp.

     747         14,806  

Torchmark Corp.

     552         43,442  

Travelers Cos., Inc. (The)

     2,040         173,604  

United Fire Group, Inc.

     150         4,552  

Universal Insurance Holdings, Inc.

     173         2,197  

Unum Group

     1,654         58,403  

W.R. Berkley Corp.

     579         24,098  
     

 

 

 
Total Insurance               2,463,923  
Internet & Catalog Retail – 0.4%   

Amazon.com, Inc.*

     5         1,683  

Expedia, Inc.

     269         19,502  

HSN, Inc.

     103         6,152  

Liberty Interactive Corp. Class A*

     1,569         45,297  

Liberty Ventures Series A*

     541         70,508  

Netflix, Inc.*

     9         3,168  

PetMed Express, Inc.

     387         5,190  

priceline.com, Inc.*

     103         122,765  

TripAdvisor, Inc.*

     183         16,578  
     

 

 

 
Total Internet & Catalog Retail               290,843  
Internet Software & Services – 1.7%   

Akamai Technologies, Inc.*

     345         20,083  

AOL, Inc.*

     98         4,290  

Blucora, Inc.*

     176         3,465  

Conversant, Inc.*

     421         11,851  

Dealertrack Technologies, Inc.*

     126         6,198  

eBay, Inc.*

     3,270         180,635  

Equinix, Inc.*

     20         3,697  

Facebook, Inc. Class A*

     1,176         70,842  

Google, Inc. Class A*

     696         775,699  

IAC/InterActiveCorp

     182         12,993  

j2 Global, Inc.

     236         11,812  

Liquidity Services, Inc.*

     75         1,954  

Rackspace Hosting, Inc.*

     150         4,923  

Stamps.com, Inc.*

     104         3,490  

United Online, Inc.

     315         3,641  

VeriSign, Inc.*

     330         17,790  

Yahoo!, Inc.*

     2,008         72,087  
     

 

 

 
Total Internet Software & Services               1,205,450  
IT Services – 3.4%   

Acxiom Corp.*

     165         5,675  

Alliance Data Systems Corp.*

     151         41,140  

Automatic Data Processing, Inc.

     1,138         87,922  

Booz Allen Hamilton Holding Corp.

     756         16,632  

Broadridge Financial Solutions, Inc.

     417         15,487  

CACI International, Inc. Class A*

     162         11,956  

Cardtronics, Inc.*

     125         4,856  

Cognizant Technology Solutions Corp. Class A*

     1,464         74,093  

Computer Sciences Corp.

     695         42,270  

Convergys Corp.

     372         8,150  

CoreLogic, Inc.*

     272       8,171  

CSG Systems International, Inc.

     209         5,442  

DST Systems, Inc.

     208         19,716  

EPAM Systems, Inc.*

     154         5,067  

Euronet Worldwide, Inc.*

     101         4,201  

Fidelity National Information Services, Inc.

     779         41,638  

Fiserv, Inc.*

     720         40,817  

FleetCor Technologies, Inc.*

     166         19,107  

Gartner, Inc.*

     192         13,332  

Global Payments, Inc.

     236         16,782  

Heartland Payment Systems, Inc.

     124         5,140  

Higher One Holdings, Inc.*

     222         1,605  

iGATE Corp.*

     246         7,759  

International Business Machines Corp.

     5,771         1,110,860  

Jack Henry & Associates, Inc.

     268         14,944  

Leidos Holdings, Inc.

     629         22,248  

ManTech International Corp. Class A

     196         5,764  

MasterCard, Inc. Class A

     2,461         183,837  

MAXIMUS, Inc.

     156         6,998  

NeuStar, Inc. Class A*

     190         6,177  

Paychex, Inc.

     797         33,952  

Sapient Corp.*

     456         7,779  

Sykes Enterprises, Inc.*

     224         4,451  

Syntel, Inc.*

     170         15,283  

TeleTech Holdings, Inc.*

     362         8,873  

Teradata Corp.*

     522         25,677  

Total System Services, Inc.

     552         16,786  

Unisys Corp.*

     369         11,240  

Vantiv, Inc. Class A*

     118         3,566  

Visa, Inc. Class A

     1,519         327,891  

Western Union Co. (The)

     3,789         61,988  

WEX, Inc.*

     99         9,410  

Xerox Corp.

     6,854         77,450  
     

 

 

 
Total IT Services               2,452,132  
Leisure Products – 0.2%   

Brunswick Corp.

     166         7,518  

Hasbro, Inc.

     485         26,976  

LeapFrog Enterprises, Inc.*

     715         5,362  

Mattel, Inc.

     1,233         49,456  

Polaris Industries, Inc.

     186         25,986  

Smith & Wesson Holding Corp.*

     495         7,237  

Sturm Ruger & Co., Inc.

     80         4,784  
     

 

 

 
Total Leisure Products               127,319  
Life Sciences Tools & Services – 0.4%   

Agilent Technologies, Inc.

     840         46,973  

Bio-Rad Laboratories, Inc. Class A*

     89         11,403  

Bruker Corp.*

     379         8,637  

Charles River Laboratories International, Inc.*

     128         7,724  

Covance, Inc.*

     117         12,156  

Illumina, Inc.*

     126         18,731  

Mettler-Toledo International, Inc.*

     66         15,555  

PAREXEL International Corp.*

     164         8,871  

PerkinElmer, Inc.

     124         5,587  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      21   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Techne Corp.

     102       $ 8,708  

Thermo Fisher Scientific, Inc.

     801         96,312  

Waters Corp.*

     254         27,536  
     

 

 

 
Total Life Sciences Tools & Services               268,193  
Machinery – 2.3%   

Actuant Corp. Class A

     330         11,270  

AGCO Corp.

     774         42,694  

American Railcar Industries, Inc.

     77         5,392  

Astec Industries, Inc.

     110         4,830  

Barnes Group, Inc.

     209         8,040  

Blount International, Inc.*

     184         2,190  

Briggs & Stratton Corp.

     210         4,673  

Caterpillar, Inc.

     2,962         294,334  

Chart Industries, Inc.*

     36         2,864  

CLARCOR, Inc.

     145         8,316  

Crane Co.

     42         2,988  

Cummins, Inc.

     727         108,316  

Deere & Co.

     2,431         220,735  

Donaldson Co., Inc.

     420         17,808  

Dover Corp.

     656         53,628  

EnPro Industries, Inc.*

     109         7,921  

ESCO Technologies, Inc.

     82         2,886  

Federal Signal Corp.*

     153         2,280  

Flowserve Corp.

     412         32,276  

Graco, Inc.

     188         14,051  

Greenbrier Cos., Inc (The)*

     153         6,977  

IDEX Corp.

     211         15,380  

Illinois Tool Works, Inc.

     1,354         110,121  

ITT Corp.

     790         33,780  

John Bean Technologies Corp.

     123         3,801  

Joy Global, Inc.

     756         43,848  

Kennametal, Inc.

     370         16,391  

Lincoln Electric Holdings, Inc.

     303         21,819  

Lindsay Corp.

     36         3,174  

Manitowoc Co., Inc. (The)

     377         11,857  

Middleby Corp.*

     57         15,060  

Mueller Industries, Inc.

     280         8,397  

Nordson Corp.

     211         14,873  

Oshkosh Corp.

     450         26,492  

PACCAR, Inc.

     1,322         89,156  

Pall Corp.

     166         14,852  

Parker Hannifin Corp.

     549         65,721  

RBC Bearings, Inc.*

     72         4,586  

Snap-on, Inc.

     233         26,441  

SPX Corp.

     147         14,452  

Standex International Corp.

     57         3,054  

Stanley Black & Decker, Inc.

     406         32,983  

Terex Corp.

     234         10,366  

Timken Co. (The)

     422         24,805  

Titan International, Inc.

     274         5,203  

Toro Co. (The)

     212         13,396  

TriMas Corp.*

     147         4,880  

Trinity Industries, Inc.

     308         22,198  

Valmont Industries, Inc.

     99         14,735  

Wabash National Corp.*

     411       5,655  

WABCO Holdings, Inc.*

     248         26,179  

Wabtec Corp.

     240         18,600  

Watts Water Technologies, Inc. Class A

     147         8,627  

Woodward, Inc.

     182         7,558  

Xylem, Inc.

     422         15,369  
     

 

 

 
Total Machinery               1,608,278  
Marine – 0.0%   

Kirby Corp.*

     188         19,035  

Matson, Inc.

     67         1,654  
     

 

 

 
Total Marine               20,689  
Media – 4.2%   

AMC Networks, Inc. Class A*

     193         14,106  

Carmike Cinemas, Inc.*

     130         3,882  

CBS Corp. Class B

     1,920         118,656  

Cinemark Holdings, Inc.

     360         10,444  

Comcast Corp. Class A

     7,857         393,007  

DIRECTV Class A*

     2,879         220,013  

Discovery Communications, Inc. Class A*

     821         67,897  

DISH Network Corp. Class A*

     805         50,079  

Entercom Communications Corp. Class A*

     572         5,760  

Gannett Co., Inc.

     1,071         29,560  

Harte-Hanks, Inc.

     544         4,809  

Interpublic Group of Cos., Inc. (The)

     1,527         26,173  

John Wiley & Sons, Inc. Class A

     281         16,197  

Liberty Media Corp. Class A*

     3,646         476,641  

Loral Space & Communications, Inc.*

     80         5,658  

Madison Square Garden Co. (The) Class A*

     101         5,735  

Meredith Corp.

     230         10,679  

Morningstar, Inc.

     86         6,796  

National CineMedia, Inc.

     181         2,715  

New York Times Co. (The) Class A

     361         6,180  

News Corp. Class A*

     2,063         35,525  

Nexstar Broadcasting Group, Inc. Class A

     252         9,455  

Omnicom Group, Inc.

     1,004         72,890  

Regal Entertainment Group Class A

     331         6,183  

Scholastic Corp.

     193         6,655  

Scripps Networks Interactive, Inc. Class A

     500         37,955  

Sinclair Broadcast Group, Inc. Class A

     330         8,940  

Sirius XM Holdings, Inc.*

     7,217         23,094  

Starz Class A*

     639         20,627  

Time Warner Cable, Inc.

     938         128,675  

Time Warner, Inc.

     3,324         217,157  

Twenty-First Century Fox, Inc. Class A

     10,299         329,259  

Viacom, Inc. Class B

     1,894         160,971  

Walt Disney Co. (The)

     5,665         453,596  

World Wrestling Entertainment, Inc. Class A

     268         7,740  
     

 

 

 
Total Media               2,993,709  
Metals & Mining – 0.6%   

Alcoa, Inc.

     785         10,103  

Allegheny Technologies, Inc.

     150         5,652  

Allied Nevada Gold Corp.*

     916         3,948  

AMCOL International Corp.

     125         5,722  

 

See Notes to Financial Statements.

 

22   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Carpenter Technology Corp.

     149       $ 9,840  

Coeur Mining Corp.*

     122         1,133  

Commercial Metals Co.

     548         10,346  

Compass Minerals International, Inc.

     98         8,087  

Freeport-McMoRan Copper & Gold, Inc.

     4,801         158,769  

Gold Resource Corp.

     625         2,987  

Haynes International, Inc.

     55         2,970  

Kaiser Aluminum Corp.

     69         4,928  

Materion Corp.

     107         3,631  

Nucor Corp.

     561         28,353  

Reliance Steel & Aluminum Co.

     350         24,731  

Royal Gold, Inc.

     44         2,755  

Southern Copper Corp.

     3,891         113,267  

Steel Dynamics, Inc.

     547         9,731  

SunCoke Energy, Inc.*

     271         6,190  

US Silica Holdings, Inc.

     174         6,642  

Worthington Industries, Inc.

     327         12,508  
     

 

 

 
Total Metals & Mining               432,293  
Multiline Retail – 0.7%   

Big Lots, Inc.*

     309         11,702  

Dillard’s, Inc. Class A

     291         26,889  

Dollar General Corp.*

     1,132         62,803  

Dollar Tree, Inc.*

     707         36,891  

Family Dollar Stores, Inc.

     427         24,770  

Kohl’s Corp.

     1,057         60,038  

Macy’s, Inc.

     1,777         105,358  

Nordstrom, Inc.

     758         47,337  

Target Corp.

     2,213         133,909  
     

 

 

 
Total Multiline Retail               509,697  
Multi-Utilities – 0.8%   

Alliant Energy Corp.

     360         20,452  

Avista Corp.

     211         6,467  

Black Hills Corp.

     89         5,131  

CenterPoint Energy, Inc.

     896         21,226  

CMS Energy Corp.

     1,009         29,544  

Consolidated Edison, Inc.

     1,192         63,951  

DTE Energy Co.

     584         43,385  

Integrys Energy Group, Inc.

     203         12,109  

MDU Resources Group, Inc.

     354         12,146  

NiSource, Inc.

     702         24,942  

NorthWestern Corp.

     166         7,873  

PG&E Corp.

     1,495         64,584  

Public Service Enterprise Group, Inc.

     2,862         109,157  

SCANA Corp.

     518         26,584  

Sempra Energy

     651         62,991  

TECO Energy, Inc.

     796         13,651  

Vectren Corp.

     250         9,847  

Wisconsin Energy Corp.

     790         36,774  
     

 

 

 
Total Multi-Utilities               570,814  
Oil, Gas & Consumable Fuels – 9.1%   

Alon USA Energy, Inc.

     193         2,883  

Anadarko Petroleum Corp.

     1,316         111,544  

Apache Corp.

     1,946         161,421  

Cabot Oil & Gas Corp.

     295       9,995  

Carrizo Oil & Gas, Inc.*

     127         6,789  

Chesapeake Energy Corp.

     1,101         28,208  

Chevron Corp.

     11,340         1,348,439  

Cimarex Energy Co.

     360         42,880  

Cloud Peak Energy, Inc.*

     533         11,268  

Concho Resources, Inc.*

     134         16,415  

ConocoPhillips

     6,740         474,159  

CONSOL Energy, Inc.

     406         16,220  

Contango Oil & Gas Co.*

     68         3,246  

Continental Resources, Inc.*

     400         49,708  

CVR Energy, Inc.

     537         22,688  

Delek US Holdings, Inc.

     396         11,500  

Denbury Resources, Inc.

     1,642         26,929  

Energen Corp.

     260         21,011  

EOG Resources, Inc.

     426         83,568  

EPL Oil & Gas, Inc.*

     144         5,558  

EQT Corp.

     236         22,885  

Exxon Mobil Corp.

     23,266         2,272,623  

Green Plains Renewable Energy, Inc.

     162         4,853  

Gulfport Energy Corp.*

     147         10,463  

Hess Corp.

     1,515         125,563  

HollyFrontier Corp.

     1,569         74,653  

Kinder Morgan, Inc.

     1,301         42,269  

Laredo Petroleum, Inc.*

     309         7,991  

Marathon Oil Corp.

     3,213         114,126  

Marathon Petroleum Corp.

     1,702         148,142  

Murphy Oil Corp.

     554         34,824  

Noble Energy, Inc.

     866         61,521  

Northern Oil and Gas, Inc.*

     261         3,816  

Oasis Petroleum, Inc.*

     268         11,184  

Occidental Petroleum Corp.

     3,322         316,553  

ONEOK, Inc.

     394         23,344  

PBF Energy, Inc. Class A

     504         13,003  

Phillips 66

     3,097         238,655  

Pioneer Natural Resources Co.

     169         31,627  

QEP Resources, Inc.

     379         11,158  

Renewable Energy Group, Inc.*

     876         10,494  

Resolute Energy Corp.*

     249         1,793  

Rex Energy Corp.*

     272         5,089  

Rosetta Resources, Inc.*

     182         8,477  

Southwestern Energy Co.*

     292         13,435  

Spectra Energy Corp.

     1,950         72,033  

Stone Energy Corp.*

     438         18,383  

Swift Energy Co.*

     264         2,841  

Tesoro Corp.

     488         24,688  

Valero Energy Corp.

     3,106         164,929  

W&T Offshore, Inc.

     394         6,820  

Western Refining, Inc.

     546         21,076  

Whiting Petroleum Corp.*

     479         33,238  

Williams Cos., Inc. (The)

     1,114         45,206  

World Fuel Services Corp.

     251         11,069  
     

 

 

 
Total Oil, Gas & Consumable Fuels               6,463,253  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      23   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Paper & Forest Products – 0.1%   

Boise Cascade Co.*

     122       $ 3,494  

Clearwater Paper Corp.*

     142         8,899  

International Paper Co.

     1,372         62,947  

KapStone Paper and Packaging Corp.*

     408         11,767  

Louisiana-Pacific Corp.*

     648         10,932  

PH Glatfelter Co.

     280         7,622  

Schweitzer-Mauduit International, Inc.

     88         3,748  
     

 

 

 
Total Paper & Forest Products               109,409  
Personal Products – 0.1%   

Avon Products, Inc.

     721         10,555  

Coty, Inc. Class A

     414         6,202  

Elizabeth Arden, Inc.*

     65         1,918  

Estee Lauder Cos., Inc. (The) Class A

     834         55,778  

Medifast, Inc.*

     131         3,811  

Nu Skin Enterprises, Inc. Class A

     145         12,013  

Revlon, Inc. Class A*

     359         9,173  

USANA Health Sciences, Inc.*

     82         6,178  
     

 

 

 
Total Personal Products               105,628  
Pharmaceuticals – 4.2%   

AbbVie, Inc.

     5,373         276,172  

Akorn, Inc.*

     169         3,718  

Allergan, Inc.

     769         95,433  

Auxilium Pharmaceuticals, Inc.*

     146         3,968  

Bristol-Myers Squibb Co.

     3,374         175,279  

Eli Lilly & Co.

     5,900         347,274  

Hi-Tech Pharmacal Co., Inc.*

     64         2,773  

Impax Laboratories, Inc.*

     309         8,164  

Johnson & Johnson

     10,021         984,363  

Medicines Co. (The)*

     189         5,371  

Merck & Co., Inc.

     6,444         365,826  

Mylan, Inc.*

     952         46,486  

Pfizer, Inc.

     19,273         619,049   

Prestige Brands Holdings, Inc.*

     218         5,940   

Questcor Pharmaceuticals, Inc.

     301         19,544   

Salix Pharmaceuticals Ltd.*

     126         13,055   

Zoetis, Inc. Class A

     907         26,249   
     

 

 

 
Total Pharmaceuticals               2,998,664   
Professional Services – 0.2%   

CBIZ, Inc.*

     488         4,470   

Corporate Executive Board Co. (The)

     91         6,755   

Dun & Bradstreet Corp. (The)

     185         18,380   

Equifax, Inc.

     301         20,477   

FTI Consulting, Inc.*

     146         4,868   

IHS, Inc. Class A*

     90         10,935   

Insperity, Inc.

     161         4,988   

Kelly Services, Inc. Class A

     195         4,627   

Korn/Ferry International*

     193         5,746   

Manpowergroup, Inc.

     210         16,554   

Navigant Consulting, Inc.*

     252         4,702   

On Assignment, Inc.*

     139         5,364   

Robert Half International, Inc.

     323         13,550   

RPX Corp.*

     500         8,140   

Towers Watson & Co. Class A

     201       22,924   

Verisk Analytics, Inc. Class A*

     356         21,346   

WageWorks, Inc.*

     56         3,142   
     

 

 

 
Total Professional Services               176,968   
Real Estate Investment Trusts (REITs) – 1.1%   

Agree Realty Corp.

     144         4,379   

Alexander’s, Inc.

     14         5,054   

Alexandria Real Estate Equities, Inc.

     80         5,805   

American Campus Communities, Inc.

     159         5,939   

American Tower Corp.

     569         46,584   

Associated Estates Realty Corp.

     392         6,640   

AvalonBay Communities, Inc.

     93         12,213   

BioMed Realty Trust, Inc.

     103         2,110   

Boston Properties, Inc.

     144         16,492   

BRE Properties, Inc.

     35         2,197   

Camden Property Trust

     148         9,966   

Campus Crest Communities, Inc.

     357         3,099   

CBL & Associates Properties, Inc.

     341         6,053   

Chatham Lodging Trust

     214         4,327   

Corrections Corp. of America

     455         14,251   

Crown Castle International Corp.

     147         10,846   

Digital Realty Trust, Inc.

     297         15,765   

EPR Properties

     151         8,062   

Equity Lifestyle Properties, Inc.

     98         3,984   

Essex Property Trust, Inc.

     26         4,421   

Extra Space Storage, Inc.

     180         8,732   

Federal Realty Investment Trust

     82         9,407   

General Growth Properties, Inc.

     314         6,908   

Geo Group, Inc. (The)

     145         4,675   

Government Properties Income Trust

     131         3,301   

HCP, Inc.

     1,621         62,879   

Health Care REIT, Inc.

     153         9,119   

Home Properties, Inc.

     45         2,705   

Hospitality Properties Trust

     254         7,295   

Host Hotels & Resorts, Inc.

     399         8,076   

Inland Real Estate Corp.

     880         9,284   

Investors Real Estate Trust

     820         7,364   

Kimco Realty Corp.

     375         8,205   

Liberty Property Trust

     226         8,353   

LTC Properties, Inc.

     122         4,591   

Macerich Co. (The)

     251         15,645   

Medical Properties Trust, Inc.

     295         3,773   

Mid-America Apartment Communities, Inc.

     68         4,642   

Monmouth Real Estate Investment Corp. Class A

     984         9,387   

National Health Investors, Inc.

     123         7,436   

National Retail Properties, Inc.

     162         5,560   

Omega Healthcare Investors, Inc.

     233         7,810   

Piedmont Office Realty Trust, Inc. Class A

     235         4,030   

Plum Creek Timber Co., Inc.

     377         15,849   

Post Properties, Inc.

     139         6,825   

Potlatch Corp.

     126         4,875   

PS Business Parks, Inc.

     45         3,763   

Public Storage

     351         59,140   

Ramco-Gershenson Properties Trust

     229         3,733   

 

See Notes to Financial Statements.

 

24   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Rayonier, Inc.

     499       $ 22,909   

Realty Income Corp.

     293         11,972   

Retail Opportunity Investments Corp.

     244         3,645   

Ryman Hospitality Properties Inc.

     62         2,636   

Sabra Health Care REIT, Inc.

     185         5,160   

Select Income REIT

     155         4,692   

Senior Housing Properties Trust

     401         9,010   

Simon Property Group, Inc.

     521         85,444   

SL Green Realty Corp.

     152         15,294   

Tanger Factory Outlet Centers, Inc.

     151         5,285   

Taubman Centers, Inc.

     101         7,150   

UMH Properties, Inc.

     51         499   

Universal Health Realty Income Trust

     88         3,717   

Ventas, Inc.

     542         32,829   

Vornado Realty Trust

     250         24,640   

Weyerhaeuser Co.

     1,189         34,897   

WP Carey, Inc.

     79         4,745   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               776,073   
Real Estate Management & Development – 0.1%   

CBRE Group, Inc. Class A*

     861         23,617   

Forestar Group, Inc.*

     140         2,492   

Jones Lang LaSalle, Inc.

     120         14,220   
     

 

 

 
Total Real Estate Management & Development               40,329   
Road & Rail – 1.0%   

AMERCO

     97         22,516   

Avis Budget Group, Inc.*

     86         4,188   

Con-way, Inc.

     127         5,217   

CSX Corp.

     4,292         124,339   

Genesee & Wyoming, Inc. Class A*

     57         5,547   

Heartland Express, Inc.

     206         4,674   

Hertz Global Holdings, Inc.*

     812         21,632   

JB Hunt Transport Services, Inc.

     314         22,583   

Kansas City Southern

     154         15,717   

Knight Transportation, Inc.

     168         3,886   

Landstar System, Inc.

     130         7,699   

Norfolk Southern Corp.

     1,247         121,171   

Old Dominion Freight Line, Inc.*

     244         13,845   

Quality Distribution, Inc.*

     484         6,287   

Ryder System, Inc.

     109         8,711   

Saia, Inc.*

     135         5,158   

Swift Transportation Co.*

     564         13,959   

Union Pacific Corp.

     1,655         310,577   

Werner Enterprises, Inc.

     172         4,388   
     

 

 

 
Total Road & Rail               722,094   
Semiconductors & Semiconductor Equipment – 1.8%   

Advanced Energy Industries, Inc.*

     277         6,787   

Altera Corp.

     967         35,044   

Amkor Technology, Inc.*

     1,693         11,614   

Analog Devices, Inc.

     747         39,696   

Applied Materials, Inc.

     1,453         29,670   

Broadcom Corp. Class A

     1,118         35,195   

Brooks Automation, Inc.

     567         6,197   

Cabot Microelectronics Corp.*

     57         2,508   

Cirrus Logic, Inc.*

     460       9,140   

Cree, Inc.*

     124         7,014   

Diodes, Inc.*

     251         6,556   

Entegris, Inc.*

     723         8,756   

First Solar, Inc.*

     424         29,591   

Hittite Microwave Corp.

     78         4,917   

Integrated Device Technology, Inc.*

     341         4,170   

Integrated Silicon Solution, Inc.*

     294         4,572   

Intel Corp.

     23,597         609,039   

KLA-Tencor Corp.

     573         39,617   

Lam Research Corp.*

     110         6,050   

Lattice Semiconductor Corp.*

     419         3,285   

Linear Technology Corp.

     530         25,806   

LSI Corp.

     1,107         12,255   

Maxim Integrated Products, Inc.

     686         22,720   

Microchip Technology, Inc.

     342         16,334   

Micron Technology, Inc.*

     395         9,346   

MKS Instruments, Inc.

     311         9,296   

NVIDIA Corp.

     2,008         35,963   

OmniVision Technologies, Inc.*

     212         3,752   

ON Semiconductor Corp.*

     396         3,722   

Semtech Corp.*

     192         4,865   

Silicon Laboratories, Inc.*

     60         3,135   

Skyworks Solutions, Inc.*

     564         21,161   

Synaptics, Inc.*

     144         8,643   

Teradyne, Inc.*

     867         17,245   

Texas Instruments, Inc.

     2,522         118,912   

Ultratech, Inc.*

     80         2,335   

Xilinx, Inc.

     672         36,469   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               1,251,377   
Software – 4.3%   

ACI Worldwide, Inc.*

     111         6,570   

Activision Blizzard, Inc.

     4,367         89,261   

Adobe Systems, Inc.*

     575         37,801   

ANSYS, Inc.*

     186         14,326   

Autodesk, Inc.*

     384         18,885   

CA, Inc.

     2,118         65,594   

Cadence Design Systems, Inc.*

     1,459         22,673   

Citrix Systems, Inc.*

     307         17,631   

Compuware Corp.

     424         4,452   

Ebix, Inc.

     348         5,940   

Electronic Arts, Inc.*

     215         6,237   

FactSet Research Systems, Inc.

     101         10,889   

Fair Isaac Corp.

     141         7,800   

Fortinet, Inc.*

     108         2,379   

Informatica Corp.*

     147         5,554   

Intuit, Inc.

     632         49,125   

Manhattan Associates, Inc.*

     204         7,146   

Mentor Graphics Corp.

     279         6,144   

MICROS Systems, Inc.*

     212         11,221   

Microsoft Corp.

     39,871         1,634,312   

MicroStrategy, Inc. Class A*

     27         3,116   

Oracle Corp.

     20,297         830,350   

Progress Software Corp.*

     252         5,494   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      25   


Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Red Hat, Inc.*

     148       $ 7,841   

SolarWinds, Inc.*

     173         7,375   

Solera Holdings, Inc.

     141         8,931   

SS&C Technologies Holdings, Inc.*

     141         5,643   

Symantec Corp.

     2,312         46,171   

Synopsys, Inc.*

     379         14,557   

Telenav, Inc.*

     360         2,146   

TIBCO Software, Inc.*

     378         7,681   

TiVo, Inc.*

     792         10,478   

Tyler Technologies, Inc.*

     65         5,439   

VMware, Inc. Class A*

     575         62,112   
     

 

 

 
Total Software               3,041,274   
Specialty Retail – 2.3%   

Aaron’s, Inc.

     316         9,556   

Abercrombie & Fitch Co. Class A

     329         12,666   

Advance Auto Parts, Inc.

     271         34,281   

American Eagle Outfitters, Inc.

     815         9,976   

ANN, Inc.*

     170         7,052   

Asbury Automotive Group, Inc.*

     140         7,743   

Ascena Retail Group, Inc.*

     539         9,314   

AutoNation, Inc.*

     400         21,292   

AutoZone, Inc.*

     141         75,731   

Bed Bath & Beyond, Inc.*

     889         61,163   

Best Buy Co., Inc.

     831         21,947   

Brown Shoe Co., Inc.

     132         3,503   

Buckle, Inc. (The)

     226         10,351   

Cabela’s, Inc.*

     235         15,395   

CarMax, Inc.*

     628         29,390   

Cato Corp. (The) Class A

     206         5,570   

Chico’s FAS, Inc.

     611         9,794   

Children’s Place Retail Stores, Inc. (The)

     90         4,483   

CST Brands, Inc.

     181         5,654   

Dick’s Sporting Goods, Inc.

     331         18,076   

DSW, Inc. Class A

     264         9,467   

Express, Inc.*

     569         9,036   

Finish Line, Inc. (The) Class A

     233         6,312   

Foot Locker, Inc.

     626         29,409   

Francesca’s Holdings Corp.*

     267         4,843   

GameStop Corp. Class A

     518         21,290   

Gap, Inc. (The)

     2,148         86,049   

Genesco, Inc.*

     60         4,474   

GNC Holdings, Inc. Class A

     309         13,602   

Group 1 Automotive, Inc.

     57         3,743   

Guess?, Inc.

     467         12,889   

hhgregg, Inc.*

     164         1,576   

Hibbett Sports, Inc.*

     61         3,226   

Home Depot, Inc. (The)

     4,267         337,648   

Jos. A. Bank Clothiers, Inc.*

     109         7,009   

L Brands, Inc.

     865         49,106   

Lithia Motors, Inc. Class A

     111         7,377   

Lowe’s Cos., Inc.

     2,966         145,037   

Lumber Liquidators Holdings, Inc.*

     86         8,067   

Mattress Firm Holding Corp.*

     124         5,931   

Men’s Wearhouse, Inc. (The)

     163         7,984   

Monro Muffler Brake, Inc.

     62       3,527   

O’Reilly Automotive, Inc.*

     338         50,156   

Outerwall, Inc.*

     166         12,035   

Penske Automotive Group, Inc.

     426         18,216   

PetSmart, Inc.

     295         20,322   

Pier 1 Imports, Inc.

     471         8,892   

Rent-A-Center, Inc.

     227         6,038   

Ross Stores, Inc.

     687         49,155   

Sally Beauty Holdings, Inc.*

     545         14,933   

Select Comfort Corp.*

     248         4,484   

Sonic Automotive, Inc. Class A

     357         8,025   

Stage Stores, Inc.

     244         5,966   

Staples, Inc.

     2,802         31,775   

Tiffany & Co.

     363         31,272   

Tilly’s, Inc. Class A*

     197         2,305   

TJX Cos., Inc. (The)

     2,204         133,673   

Tractor Supply Co.

     266         18,788   

Ulta Salon Cosmetics & Fragrance, Inc.*

     89         8,676   

Urban Outfitters, Inc.*

     444         16,193   

Vitamin Shoppe, Inc.*

     59         2,804   

Williams-Sonoma, Inc.

     280         18,659   
     

 

 

 
Total Specialty Retail               1,612,906   
Technology Hardware, Storage & Peripherals – 4.5%   

3D Systems Corp.*

     25         1,479   

Apple, Inc.

     4,333         2,325,694   

Electronics For Imaging, Inc.*

     150         6,496   

EMC Corp.

     7,327         200,833   

Hewlett-Packard Co.

     12,691         410,681   

Lexmark International, Inc. Class A

     394         18,238   

NCR Corp.*

     715         26,133   

NetApp, Inc.

     823         30,369   

QLogic Corp.*

     478         6,095   

SanDisk Corp.

     818         66,413   

Western Digital Corp.

     1,274         116,979   
     

 

 

 
Total Technology Hardware, Storage & Peripherals               3,209,410   
Textiles, Apparel & Luxury Goods – 0.7%   

Carter’s, Inc.

     148         11,492   

Coach, Inc.

     1,139         56,563   

Columbia Sportswear Co.

     146         12,067   

Crocs, Inc.*

     569         8,876   

Deckers Outdoor Corp.*

     105         8,372   

Fossil Group, Inc.*

     184         21,456   

G-III Apparel Group Ltd.*

     112         8,017   

Hanesbrands, Inc.

     324         24,779   

Iconix Brand Group, Inc.*

     265         10,407   

Jones Group, Inc. (The)

     279         4,177   

NIKE, Inc. Class B

     2,102         155,254   

PVH Corp.

     135         16,844   

R.G. Barry Corp.

     235         4,437   

Ralph Lauren Corp.

     230         37,014   

Steven Madden Ltd.*

     286         10,290   

Under Armour, Inc. Class A*

     110         12,610   

Vera Bradley, Inc.*

     141         3,806   

 

See Notes to Financial Statements.

 

26   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Total Earnings Fund (EXT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

VF Corp.

     1,384       $ 85,642   

Wolverine World Wide, Inc.

     344         9,821   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               501,924   
Thrifts & Mortgage Finance – 0.2%   

Astoria Financial Corp.

     227         3,137   

BofI Holding, Inc.*

     173         14,835   

Capitol Federal Financial, Inc.

     204         2,560   

Dime Community Bancshares, Inc.

     149         2,530   

EverBank Financial Corp.

     348         6,866   

HomeStreet, Inc.

     149         2,913   

Nationstar Mortgage Holdings, Inc.*

     401         13,016   

New York Community Bancorp, Inc.

     1,990         31,979   

Northwest Bancshares, Inc.

     358         5,227   

Ocwen Financial Corp.*

     228         8,933   

People’s United Financial, Inc.

     904         13,443   

Provident Financial Services, Inc.

     205         3,766   

Territorial Bancorp, Inc.

     218         4,709   

TFS Financial Corp.*

     273         3,393   

Walker & Dunlop, Inc.*

     162         2,649   

Washington Federal, Inc.

     550         12,815   
     

 

 

 
Total Thrifts & Mortgage Finance               132,771   
Tobacco – 1.5%   

Altria Group, Inc.

     8,458         316,583   

Lorillard, Inc.

     1,584         85,663   

Philip Morris International, Inc.

     6,676         546,564   

Reynolds American, Inc.

     2,063         110,205   

Universal Corp.

     150         8,384   
     

 

 

 
Total Tobacco               1,067,399   
Trading Companies & Distributors – 0.3%   

Air Lease Corp.

     208         7,756   

Applied Industrial Technologies, Inc.

     245         11,819   

Beacon Roofing Supply, Inc.*

     101         3,905   

CAI International, Inc.*

     161         3,972   

DXP Enterprises, Inc.*

     60         5,696   

Fastenal Co.

     528         26,041   

GATX Corp.

     143         9,707   

Kaman Corp.

     105         4,271   

MRC Global, Inc.*

     219         5,904   

MSC Industrial Direct Co., Inc. Class A

     180         15,574   

Rush Enterprises, Inc. Class A*

     191         6,204   

TAL International Group, Inc.*

     228         9,774   

Titan Machinery, Inc.*

     238         3,730   

United Rentals, Inc.*

     193         18,323   

W.W. Grainger, Inc.

     188         47,500   

Watsco, Inc.

     99         9,891   

WESCO International, Inc.*

     161         13,398   
     

 

 

 
Total Trading Companies & Distributors               203,465   
Transportation Infrastructure – 0.0%   

Wesco Aircraft Holdings, Inc.*

     354         7,792   
Water Utilities – 0.1%   

American States Water Co.

     212         6,845   

American Water Works Co., Inc.

     567         25,742   

Aqua America, Inc.

     311       7,797   

California Water Service Group

     323         7,733   
     

 

 

 
Total Water Utilities               48,117   
Wireless Telecommunication Services – 0.0%   

NTELOS Holdings Corp.

     110         1,485   

T-Mobile US, Inc.*

     408         13,476   

USA Mobility, Inc.

     377         6,850   
     

 

 

 
Total Wireless Telecommunication Services               21,811   
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $51,716,260)         71,096,361   

Cash and Other Assets in Excess of Liabilities – 0.1%

        78,007   
     

 

 

 
NET ASSETS – 100.0%             $ 71,174,368   
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      27   


Table of Contents

Schedule of Investments

WisdomTree Earnings 500 Fund (EPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.9%   
COMMON STOCKS – 99.8%   
Aerospace & Defense – 3.0%   

B/E Aerospace, Inc.*

     405       $ 35,150   

Boeing Co. (The)

     3,897         489,034   

General Dynamics Corp.

     2,000         217,840   

Honeywell International, Inc.

     4,350         403,506   

L-3 Communications Holdings, Inc.

     827         97,710   

Lockheed Martin Corp.

     2,558         417,568   

Northrop Grumman Corp.

     1,785         220,233   

Precision Castparts Corp.

     630         159,239   

Raytheon Co.

     2,517         248,654   

Rockwell Collins, Inc.

     865         68,915   

Textron, Inc.

     1,472         57,835   

TransDigm Group, Inc.

     103         19,076   

United Technologies Corp.

     4,858         567,609   
     

 

 

 
Total Aerospace & Defense               3,002,369   
Air Freight & Logistics – 0.6%   

C.H. Robinson Worldwide, Inc.

     706         36,987   

Expeditors International of Washington, Inc.

     909         36,024   

FedEx Corp.

     1,170         155,095   

United Parcel Service, Inc. Class B

     3,640         354,463   
     

 

 

 
Total Air Freight & Logistics               582,569   
Airlines – 0.4%   

Delta Air Lines, Inc.

     7,973         276,264   

Southwest Airlines Co.

     3,555         83,934   
     

 

 

 
Total Airlines               360,198   
Auto Components – 0.4%   

BorgWarner, Inc.

     1,173         72,104   

Johnson Controls, Inc.

     2,642         125,020   

Lear Corp.

     1,538         128,761   

TRW Automotive Holdings Corp.*

     1,388         113,289   
     

 

 

 
Total Auto Components               439,174   
Automobiles – 0.6%   

Ford Motor Co.

     35,900         560,040   

Harley-Davidson, Inc.

     1,058         70,473   
     

 

 

 
Total Automobiles               630,513   
Banks – 9.3%   

Bank of America Corp.

     66,207         1,138,760   

BB&T Corp.

     4,363         175,262   

CIT Group, Inc.

     1,506         73,824   

Citigroup, Inc.

     24,153         1,149,683   

Comerica, Inc.

     1,325         68,635   

Fifth Third Bancorp

     7,733         177,472   

First Republic Bank

     814         43,948   

Huntington Bancshares, Inc.

     6,953         69,322   

JPMorgan Chase & Co.

     42,696         2,592,074   

KeyCorp

     6,365         90,638   

M&T Bank Corp.

     1,021         123,847   

PNC Financial Services Group, Inc.

     4,949         430,563   

Regions Financial Corp.

     12,382         137,564   

SunTrust Banks, Inc.

     3,557         141,533   

U.S. Bancorp

     14,424       618,213   

Wells Fargo & Co.

     48,218         2,398,363   
     

 

 

 
Total Banks               9,429,701   
Beverages – 2.1%   

Beam, Inc.

     576         47,981   

Brown-Forman Corp. Class B

     774         69,420   

Coca-Cola Co. (The)

     21,024         812,788   

Coca-Cola Enterprises, Inc.

     1,590         75,938   

Constellation Brands, Inc. Class A*

     3,030         257,459   

Dr. Pepper Snapple Group, Inc.

     1,352         73,630   

Molson Coors Brewing Co. Class B

     1,164         68,513   

Monster Beverage Corp.*

     551         38,267   

PepsiCo, Inc.

     8,430         703,905   
     

 

 

 
Total Beverages               2,147,901   
Biotechnology – 1.3%   

Alexion Pharmaceuticals, Inc.*

     280         42,597   

Amgen, Inc.

     4,500         555,030   

Biogen Idec, Inc.*

     629         192,392   

Celgene Corp.*

     987         137,785   

Gilead Sciences, Inc.*

     4,369         309,587   

Regeneron Pharmaceuticals, Inc.*

     299         89,784   
     

 

 

 
Total Biotechnology               1,327,175   
Building Products – 0.0%   

Fortune Brands Home & Security, Inc.

     437         18,389   

Masco Corp.

     844         18,745   
     

 

 

 
Total Building Products               37,134   
Capital Markets – 2.6%   

Affiliated Managers Group, Inc.*

     146         29,207   

Ameriprise Financial, Inc.

     1,309         144,082   

Bank of New York Mellon Corp. (The)

     6,404         225,997   

BlackRock, Inc.

     938         294,982   

Charles Schwab Corp. (The)

     3,721         101,695   

Franklin Resources, Inc.

     3,903         211,465   

Goldman Sachs Group, Inc. (The)

     4,751         778,451   

Morgan Stanley

     10,698         333,457   

Northern Trust Corp.

     1,231         80,704   

Raymond James Financial, Inc.

     691         38,648   

State Street Corp.

     3,008         209,206   

T. Rowe Price Group, Inc.

     1,211         99,726   

TD Ameritrade Holding Corp.

     2,269         77,033   
     

 

 

 
Total Capital Markets               2,624,653   
Chemicals – 2.4%   

Air Products & Chemicals, Inc.

     970         115,469   

Airgas, Inc.

     342         36,426   

Ashland, Inc.

     951         94,605   

Celanese Corp. Series A

     1,069         59,340   

CF Industries Holdings, Inc.

     738         192,352   

Dow Chemical Co. (The)

     7,067         343,386   

E.I. du Pont de Nemours & Co.

     4,685         314,364   

Eastman Chemical Co.

     1,210         104,314   

Ecolab, Inc.

     859         92,763   

FMC Corp.

     675         51,678   

 

See Notes to Financial Statements.

 

28   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

International Flavors & Fragrances, Inc.

     412       $ 39,416   

Monsanto Co.

     2,245         255,414   

Mosaic Co. (The)

     3,285         164,250   

PPG Industries, Inc.

     622         120,332   

Praxair, Inc.

     1,409         184,537   

Sherwin-Williams Co. (The)

     425         83,780   

Sigma-Aldrich Corp.

     568         53,040   

Valspar Corp.

     392         28,271   

W.R. Grace & Co.*

     425         42,147   

Westlake Chemical Corp.

     920         60,886   
     

 

 

 
Total Chemicals               2,436,770   
Commercial Services & Supplies – 0.2%   

ADT Corp. (The)

     990         29,650   

Cintas Corp.

     618         36,839   

Republic Services, Inc.

     1,540         52,606   

Stericycle, Inc.*

     243         27,610   

Waste Management, Inc.

     2,265         95,289   
     

 

 

 
Total Commercial Services & Supplies               241,994   
Communications Equipment – 2.1%   

Cisco Systems, Inc.

     49,573         1,110,931   

F5 Networks, Inc.*

     321         34,228   

Harris Corp.

     766         56,041   

Juniper Networks, Inc.*

     1,712         44,101   

Motorola Solutions, Inc.

     1,762         113,279   

QUALCOMM, Inc.

     9,664         762,103   
     

 

 

 
Total Communications Equipment               2,120,683   
Construction & Engineering – 0.2%   

Fluor Corp.

     963         74,854   

Jacobs Engineering Group, Inc.*

     768         48,768   

Quanta Services, Inc.*

     1,088         40,147   
     

 

 

 
Total Construction & Engineering               163,769   
Consumer Finance – 1.4%   

American Express Co.

     5,775         519,923   

Capital One Financial Corp.

     6,028         465,120   

Discover Financial Services

     4,550         264,765   

SLM Corp.

     5,787         141,666   
     

 

 

 
Total Consumer Finance               1,391,474   
Containers & Packaging – 0.2%   

Ball Corp.

     781         42,807   

Crown Holdings, Inc.*

     892         39,908   

MeadWestvaco Corp.

     344         12,948   

Rock-Tenn Co. Class A

     710         74,955   
     

 

 

 
Total Containers & Packaging               170,618   
Distributors – 0.1%   

Genuine Parts Co.

     839         72,867   

LKQ Corp.*

     990         26,087   
     

 

 

 
Total Distributors               98,954   
Diversified Consumer Services – 0.1%   

H&R Block, Inc.

     1,804         54,463   
Diversified Financial Services – 2.3%   

Berkshire Hathaway, Inc. Class B*

     15,625       1,952,656   

CME Group, Inc.

     1,200         88,812   

IntercontinentalExchange Group, Inc.

     268         53,018   

Leucadia National Corp.

     1,889         52,892   

McGraw Hill Financial, Inc.

     1,210         92,323   

Moody’s Corp.

     1,089         86,380   

NASDAQ OMX Group, Inc. (The)

     834         30,808   
     

 

 

 
Total Diversified Financial Services               2,356,889   
Diversified Telecommunication Services – 2.0%   

AT&T, Inc.

     37,680         1,321,438   

CenturyLink, Inc.

     2,805         92,116   

Verizon Communications, Inc.

     12,996         618,220   
     

 

 

 
Total Diversified Telecommunication Services               2,031,774   
Electric Utilities – 1.7%   

American Electric Power Co., Inc.

     2,580         130,703   

Duke Energy Corp.

     3,507         249,769   

Edison International

     3,084         174,585   

Entergy Corp.

     1,445         96,598   

Exelon Corp.

     6,697         224,751   

FirstEnergy Corp.

     1,608         54,720   

NextEra Energy, Inc.

     2,105         201,280   

Northeast Utilities

     2,153         97,961   

OGE Energy Corp.

     1,231         45,252   

PPL Corp.

     5,723         189,660   

Southern Co. (The)

     4,003         175,892   

Xcel Energy, Inc.

     3,533         107,262   
     

 

 

 
Total Electric Utilities               1,748,433   
Electrical Equipment – 0.5%   

AMETEK, Inc.

     1,032         53,137   

Emerson Electric Co.

     3,913         261,388   

Hubbell, Inc. Class B

     332         39,797   

Rockwell Automation, Inc.

     707         88,057   

Roper Industries, Inc.

     423         56,475   
     

 

 

 
Total Electrical Equipment               498,854   
Electronic Equipment, Instruments & Components – 0.3%   

Amphenol Corp. Class A

     753         69,013   

Corning, Inc.

     11,266         234,558   

Knowles Corp.*

     560         17,679   

Trimble Navigation Ltd.*

     494         19,202   
     

 

 

 
Total Electronic Equipment, Instruments & Components         340,452   
Energy Equipment & Services – 1.0%   

Baker Hughes, Inc.

     2,093         136,087   

Cameron International Corp.*

     1,224         75,606   

Diamond Offshore Drilling, Inc.

     1,101         53,685   

FMC Technologies, Inc.*

     917         47,950   

Halliburton Co.

     5,365         315,945   

Helmerich & Payne, Inc.

     804         86,478   

National Oilwell Varco, Inc.

     3,051         237,581   

Oceaneering International, Inc.

     430         30,900   
     

 

 

 
Total Energy Equipment & Services               984,232   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      29   


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Food & Staples Retailing – 3.1%   

Costco Wholesale Corp.

     1,770       $ 197,674   

CVS Caremark Corp.

     6,605         494,450   

Kroger Co. (The)

     3,815         166,525   

Safeway, Inc.

     1,002         37,014   

Sysco Corp.

     2,803         101,272   

Walgreen Co.

     4,483         296,013   

Wal-Mart Stores, Inc.

     22,954         1,754,374   

Whole Foods Market, Inc.

     947         48,022   
     

 

 

 
Total Food & Staples Retailing               3,095,344   
Food Products – 1.5%   

Archer-Daniels-Midland Co.

     3,250         141,018   

Campbell Soup Co.

     1,566         70,282   

ConAgra Foods, Inc.

     2,403         74,565   

General Mills, Inc.

     3,498         181,266   

Hershey Co. (The)

     830         86,652   

Hormel Foods Corp.

     1,255         61,834   

J.M. Smucker Co. (The)

     554         53,871   

Kellogg Co.

     1,793         112,439   

Keurig Green Mountain, Inc.

     638         67,366   

Kraft Foods Group, Inc.

     3,620         203,082   

McCormick & Co., Inc.

     597         42,829   

Mead Johnson Nutrition Co.

     742         61,690   

Mondelez International, Inc. Class A

     7,832         270,596   

Tyson Foods, Inc. Class A

     2,605         114,646   
     

 

 

 
Total Food Products               1,542,136   
Gas Utilities – 0.0%   

ONE Gas, Inc.*

     138         4,958   
Health Care Equipment & Supplies – 1.8%   

Abbott Laboratories

     7,802         300,455   

Baxter International, Inc.

     3,566         262,386   

Becton Dickinson and Co.

     1,150         134,642   

Boston Scientific Corp.*

     3,608         48,780   

C.R. Bard, Inc.

     367         54,309   

CareFusion Corp.*

     1,141         45,891   

Cooper Cos., Inc. (The)

     241         33,104   

DENTSPLY International, Inc.

     755         34,760   

Edwards Lifesciences Corp.*

     553         41,016   

Intuitive Surgical, Inc.*

     190         83,218   

Medtronic, Inc.

     6,591         405,610   

ResMed, Inc.

     721         32,222   

St. Jude Medical, Inc.

     1,389         90,827   

Stryker Corp.

     1,266         103,141   

Varian Medical Systems, Inc.*

     563         47,286   

Zimmer Holdings, Inc.

     941         89,000   
     

 

 

 
Total Health Care Equipment & Supplies               1,806,647   
Health Care Providers & Services – 2.5%   

Aetna, Inc.

     2,741         205,493   

AmerisourceBergen Corp.

     741         48,602   

Cardinal Health, Inc.

     1,885         131,912   

Cigna Corp.

     1,761         147,449   

DaVita HealthCare Partners, Inc.*

     1,342         92,397   

Express Scripts Holding Co.*

     2,869       215,433   

HCA Holdings, Inc.*

     3,517         184,642   

Henry Schein, Inc.*

     423         50,494   

Humana, Inc.

     1,466         165,248   

Laboratory Corp. of America Holdings*

     637         62,560   

McKesson Corp.

     1,030         181,867   

Quest Diagnostics, Inc.

     957         55,429   

UnitedHealth Group, Inc.

     7,662         628,207   

Universal Health Services, Inc. Class B

     629         51,622   

WellPoint, Inc.

     3,146         313,184   
     

 

 

 
Total Health Care Providers & Services               2,534,539   
Health Care Technology – 0.0%   

Cerner Corp.*

     891         50,119   
Hotels, Restaurants & Leisure – 1.5%   

Burger King Worldwide, Inc.

     959         25,461   

Chipotle Mexican Grill, Inc.*

     66         37,491   

Darden Restaurants, Inc.

     773         39,238   

Hyatt Hotels Corp. Class A*

     374         20,125   

Las Vegas Sands Corp.

     2,854         230,546   

Marriott International, Inc. Class A

     1,390         77,868   

McDonald’s Corp.

     5,880         576,416   

Starbucks Corp.

     2,320         170,242   

Starwood Hotels & Resorts Worldwide, Inc.

     688         54,765   

Wyndham Worldwide Corp.

     640         46,867   

Wynn Resorts Ltd.

     361         80,196   

Yum! Brands, Inc.

     1,663         125,374   
     

 

 

 
Total Hotels, Restaurants & Leisure               1,484,589   
Household Durables – 0.5%   

D.R. Horton, Inc.

     2,487         53,843   

Jarden Corp.*

     353         21,120   

Lennar Corp. Class A

     1,252         49,604   

Mohawk Industries, Inc.*

     214         29,100   

Newell Rubbermaid, Inc.

     1,398         41,800   

PulteGroup, Inc.

     13,889         266,530   

Whirlpool Corp.

     497         74,282   
     

 

 

 
Total Household Durables               536,279   
Household Products – 1.7%   

Church & Dwight Co., Inc.

     558         38,541   

Clorox Co. (The)

     641         56,414   

Colgate-Palmolive Co.

     3,765         244,236   

Energizer Holdings, Inc.

     379         38,180   

Kimberly-Clark Corp.

     1,915         211,129   

Procter & Gamble Co. (The)

     13,985         1,127,191   
     

 

 

 
Total Household Products               1,715,691   
Independent Power and Renewable Electricity Producers – 0.1%   

AES Corp. (The)

     5,348         76,370   

Calpine Corp.*

     398         8,322   

NRG Energy, Inc.

     1,543         49,067   
     

 

 

 
Total Independent Power and Renewable Electricity Producers          133,759   

 

See Notes to Financial Statements.

 

30   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Industrial Conglomerates – 2.1%   

3M Co.

     3,584       $ 486,205   

Danaher Corp.

     3,251         243,825   

General Electric Co.

     55,174         1,428,455   
     

 

 

 
Total Industrial Conglomerates         2,158,485   
Insurance – 3.1%   

Aflac, Inc.

     4,610         290,614   

Alleghany Corp.*

     75         30,554   

Allstate Corp. (The)

     3,897         220,492   

American International Group, Inc.

     11,814         590,818   

Chubb Corp. (The)

     1,816         162,169   

Cincinnati Financial Corp.

     1,034         50,314   

CNA Financial Corp.

     1,729         73,863   

Fidelity National Financial, Inc. Class A

     1,701         53,479   

Genworth Financial, Inc. Class A*

     3,803         67,427   

Hartford Financial Services Group, Inc.

     2,485         87,646   

Lincoln National Corp.

     2,478         125,560   

Loews Corp.

     1,645         72,462   

Markel Corp.*

     35         20,864   

Marsh & McLennan Cos., Inc.

     2,691         132,666   

MetLife, Inc.

     10,512         555,034   

Principal Financial Group, Inc.

     2,075         95,429   

Progressive Corp. (The)

     3,528         85,448   

Torchmark Corp.

     747         58,789   

Travelers Cos., Inc. (The)

     3,245         276,150   

Unum Group

     2,550         90,041   
     

 

 

 
Total Insurance         3,139,819   
Internet & Catalog Retail – 0.3%   

Amazon.com, Inc.*

     30         10,096   

Expedia, Inc.

     438         31,755   

Liberty Interactive Corp. Class A*

     1,701         49,108   

Netflix, Inc.*

     17         5,984   

priceline.com, Inc.*

     161         191,894   

TripAdvisor, Inc.*

     306         27,721   
     

 

 

 
Total Internet & Catalog Retail         316,558   
Internet Software & Services – 1.8%   

Akamai Technologies, Inc.*

     590         34,344   

eBay, Inc.*

     5,250         290,010   

Equinix, Inc.*

     28         5,175   

Facebook, Inc. Class A*

     1,899         114,396   

Google, Inc. Class A*

     1,125         1,253,824   

LinkedIn Corp. Class A*

     5         925   

VeriSign, Inc.*

     576         31,052   

Yahoo!, Inc.*

     3,276         117,608   
     

 

 

 
Total Internet Software & Services         1,847,334   
IT Services – 3.5%   

Alliance Data Systems Corp.*

     197         53,673   

Automatic Data Processing, Inc.

     1,862         143,858   

Cognizant Technology Solutions Corp. Class A*

     2,510         127,031   

Computer Sciences Corp.

     1,369         83,262   

Fidelity National Information Services, Inc.

     1,208         64,568   

Fiserv, Inc.*

     1,101         62,416   

FleetCor Technologies, Inc.*

     225       25,897   

International Business Machines Corp.

     9,384         1,806,326   

MasterCard, Inc. Class A

     4,043         302,012   

Paychex, Inc.

     1,431         60,961   

Teradata Corp.*

     894         43,976   

Visa, Inc. Class A

     2,402         518,496   

Western Union Co. (The)

     5,386         88,115   

Xerox Corp.

     10,543         119,136   
     

 

 

 
Total IT Services         3,499,727   
Leisure Products – 0.2%   

Hasbro, Inc.

     743         41,326   

Mattel, Inc.

     2,042         81,904   

Polaris Industries, Inc.

     282         39,398   
     

 

 

 
Total Leisure Products         162,628   
Life Sciences Tools & Services – 0.3%   

Agilent Technologies, Inc.

     1,334         74,597   

Illumina, Inc.*

     133         19,772   

Mettler-Toledo International, Inc.*

     113         26,632   

Thermo Fisher Scientific, Inc.

     1,297         155,951   

Waters Corp.*

     496         53,772   
     

 

 

 
Total Life Sciences Tools & Services         330,724   
Machinery – 1.7%   

Caterpillar, Inc.

     4,653         462,369   

Cummins, Inc.

     1,088         162,101   

Deere & Co.

     4,050         367,740   

Donaldson Co., Inc.

     677         28,705   

Dover Corp.

     1,120         91,560   

Flowserve Corp.

     690         54,054   

Illinois Tool Works, Inc.

     2,093         170,224   

PACCAR, Inc.

     2,008         135,419   

Pall Corp.

     94         8,410   

Parker Hannifin Corp.

     811         97,085   

Snap-on, Inc.

     334         37,902   

Stanley Black & Decker, Inc.

     742         60,280   

Wabtec Corp.

     370         28,675   

Xylem, Inc.

     778         28,335   
     

 

 

 
Total Machinery         1,732,859   
Media – 4.5%   

CBS Corp. Class B

     3,236         199,985   

Comcast Corp. Class A

     12,544         627,451   

DIRECTV*

     4,518         345,265   

Discovery Communications, Inc. Class A*

     1,237         102,300   

DISH Network Corp. Class A*

     1,213         75,461   

Gannett Co., Inc.

     1,428         39,413   

Interpublic Group of Cos., Inc. (The)

     2,113         36,217   

Liberty Media Corp. Class A*

     5,853         765,163   

News Corp. Class A*

     3,708         63,852   

Omnicom Group, Inc.

     1,494         108,464   

Scripps Networks Interactive, Inc. Class A

     860         65,282   

Sirius XM Holdings, Inc.*

     12,874         41,197   

Time Warner Cable, Inc.

     1,494         204,947   

Time Warner, Inc.

     5,490         358,662   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      31   


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Twenty-First Century Fox, Inc. Class A

     16,682       $ 533,323   

Viacom, Inc. Class B

     3,012         255,990   

Walt Disney Co. (The)

     9,048         724,473   
     

 

 

 
Total Media         4,547,445   
Metals & Mining – 0.5%   

Alcoa, Inc.

     1,848         23,784   

Freeport-McMoRan Copper & Gold, Inc.

     7,597         251,233   

Nucor Corp.

     950         48,013   

Southern Copper Corp.

     6,630         192,999   
     

 

 

 
Total Metals & Mining         516,029   
Multiline Retail – 0.8%   

Dollar General Corp.*

     1,757         97,478   

Dollar Tree, Inc.*

     1,173         61,207   

Family Dollar Stores, Inc.

     693         40,201   

Kohl’s Corp.

     1,684         95,651   

Macy’s, Inc.

     2,872         170,281   

Nordstrom, Inc.

     1,267         79,124   

Target Corp.

     3,570         216,021   
     

 

 

 
Total Multiline Retail         759,963   
Multi-Utilities – 0.8%   

CenterPoint Energy, Inc.

     1,216         28,807   

CMS Energy Corp.

     1,788         52,352   

Consolidated Edison, Inc.

     2,103         112,826   

DTE Energy Co.

     1,110         82,462   

NiSource, Inc.

     1,507         53,544   

PG&E Corp.

     2,229         96,293   

Public Service Enterprise Group, Inc.

     4,900         186,886   

SCANA Corp.

     996         51,115   

Sempra Energy

     1,234         119,402   

Wisconsin Energy Corp.

     1,299         60,468   
     

 

 

 
Total Multi-Utilities         844,155   
Oil, Gas & Consumable Fuels – 10.0%   

Anadarko Petroleum Corp.

     2,279         193,168   

Apache Corp.

     3,197         265,191   

Cabot Oil & Gas Corp.

     701         23,750   

Chesapeake Energy Corp.

     2,006         51,394   

Chevron Corp.

     18,217         2,166,183   

Cimarex Energy Co.

     490         58,364   

Concho Resources, Inc.*

     237         29,033   

ConocoPhillips

     11,110         781,589   

CONSOL Energy, Inc.

     521         20,814   

Continental Resources, Inc.*

     762         94,694   

Denbury Resources, Inc.

     2,558         41,951   

EOG Resources, Inc.

     663         130,061   

EQT Corp.

     426         41,309   

Exxon Mobil Corp.

     37,687         3,681,266   

Hess Corp.

     2,650         219,632   

HollyFrontier Corp.

     2,319         110,338   

Kinder Morgan, Inc.

     1,681         54,616   

Marathon Oil Corp.

     5,195         184,526   

Marathon Petroleum Corp.

     2,681         233,354   

Murphy Oil Corp.

     728         45,762   

Noble Energy, Inc.

     1,608       114,232   

Occidental Petroleum Corp.

     5,198         495,317   

ONEOK, Inc.

     553         32,765   

Phillips 66

     5,052         389,307   

Pioneer Natural Resources Co.

     248         46,411   

Range Resources Corp.

     109         9,044   

Southwestern Energy Co.*

     504         23,189   

Spectra Energy Corp.

     3,205         118,393   

Tesoro Corp.

     716         36,222   

Valero Energy Corp.

     5,169         274,474   

Whiting Petroleum Corp.*

     908         63,006   

Williams Cos., Inc. (The)

     1,675         67,972   
     

 

 

 
Total Oil, Gas & Consumable Fuels         10,097,327   
Paper & Forest Products – 0.1%   

International Paper Co.

     2,328         106,809   
Personal Products – 0.1%   

Avon Products, Inc.

     787         11,522   

Coty, Inc. Class A

     1,089         16,313   

Estee Lauder Cos., Inc. (The) Class A

     1,424         95,237   

Nu Skin Enterprises, Inc. Class A

     216         17,896   
     

 

 

 
Total Personal Products         140,968   
Pharmaceuticals – 4.7%   

AbbVie, Inc.

     8,706         447,488   

Allergan, Inc.

     1,308         162,323   

Bristol-Myers Squibb Co.

     5,601         290,972   

Eli Lilly & Co.

     9,786         576,004   

Johnson & Johnson

     16,181         1,589,460   

Merck & Co., Inc.

     10,283         583,766   

Mylan, Inc.*

     1,568         76,565   

Pfizer, Inc.

     30,777         988,557   

Zoetis, Inc.

     1,320         38,201   
     

 

 

 
Total Pharmaceuticals         4,753,336   
Professional Services – 0.1%   

Equifax, Inc.

     451         30,681   

IHS, Inc. Class A*

     122         14,823   

Manpowergroup, Inc.

     277         21,836   

Towers Watson & Co. Class A

     253         28,855   

Verisk Analytics, Inc. Class A*

     567         33,997   
     

 

 

 
Total Professional Services         130,192   
Real Estate Investment Trusts (REITs) – 0.7%   

American Tower Corp.

     827         67,707   

AvalonBay Communities, Inc.

     50         6,566   

Boston Properties, Inc.

     242         27,716   

Crown Castle International Corp.

     163         12,026   

Federal Realty Investment Trust

     123         14,111   

General Growth Properties, Inc.

     772         16,984   

HCP, Inc.

     2,356         91,389   

Health Care REIT, Inc.

     188         11,205   

Host Hotels & Resorts, Inc.

     775         15,686   

Kimco Realty Corp.

     679         14,857   

Macerich Co. (The)

     503         31,352   

Plum Creek Timber Co., Inc.

     534         22,449   

 

See Notes to Financial Statements.

 

32   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Public Storage

     543       $ 91,490   

Realty Income Corp.

     372         15,200   

Simon Property Group, Inc.

     841         137,924   

SL Green Realty Corp.

     92         9,257   

Ventas, Inc.

     833         50,455   

Vornado Realty Trust

     277         27,301   

Weyerhaeuser Co.

     1,684         49,425   
     

 

 

 
Total Real Estate Investment Trusts (REITs)         713,100   
Real Estate Management & Development – 0.0%   

CBRE Group, Inc. Class A*

     1,434         39,335   
Road & Rail – 1.0%   

CSX Corp.

     7,099         205,658   

Hertz Global Holdings, Inc.*

     1,367         36,417   

JB Hunt Transport Services, Inc.

     466         33,515   

Kansas City Southern

     302         30,822   

Norfolk Southern Corp.

     2,060         200,170   

Union Pacific Corp.

     2,692         505,181   
     

 

 

 
Total Road & Rail         1,011,763   
Semiconductors & Semiconductor Equipment – 1.8%   

Altera Corp.

     1,568         56,824   

Analog Devices, Inc.

     1,425         75,725   

Applied Materials, Inc.

     2,601         53,112   

Broadcom Corp. Class A

     1,719         54,114   

Cree, Inc.*

     152         8,597   

Intel Corp.

     38,275         987,878   

KLA-Tencor Corp.

     893         61,742   

Lam Research Corp.*

     359         19,745   

Linear Technology Corp.

     990         48,203   

Maxim Integrated Products, Inc.

     1,518         50,276   

Microchip Technology, Inc.

     661         31,569   

Micron Technology, Inc.*

     866         20,490   

NVIDIA Corp.

     3,250         58,208   

Texas Instruments, Inc.

     4,373         206,187   

Xilinx, Inc.

     1,324         71,853   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         1,804,523   
Software – 4.6%   

Activision Blizzard, Inc.

     6,938         141,813   

Adobe Systems, Inc.*

     823         54,104   

ANSYS, Inc.*

     241         18,562   

Autodesk, Inc.*

     577         28,377   

CA, Inc.

     3,459         107,125   

Citrix Systems, Inc.*

     515         29,576   

Electronic Arts, Inc.*

     592         17,174   

Intuit, Inc.

     1,079         83,871   

Microsoft Corp.

     64,204         2,631,722   

Oracle Corp.

     33,258         1,360,585   

Red Hat, Inc.*

     277         14,675   

Symantec Corp.

     3,656         73,010   

VMware, Inc. Class A*

     1,029         111,153   
     

 

 

 
Total Software         4,671,747   
Specialty Retail – 1.9%   

Advance Auto Parts, Inc.

     406         51,359   

AutoZone, Inc.*

     230       123,533   

Bed Bath & Beyond, Inc.*

     1,426         98,109   

Best Buy Co., Inc.

     1,475         38,955   

CarMax, Inc.*

     1,003         46,940   

Dick’s Sporting Goods, Inc.

     548         29,926   

Gap, Inc. (The)

     3,518         140,931   

Home Depot, Inc. (The)

     6,967         551,299   

L Brands, Inc.

     1,516         86,063   

Lowe’s Cos., Inc.

     4,794         234,427   

O’Reilly Automotive, Inc.*

     537         79,686   

PetSmart, Inc.

     584         40,232   

Ross Stores, Inc.

     1,187         84,930   

Staples, Inc.

     4,059         46,029   

Tiffany & Co.

     556         47,899   

TJX Cos., Inc. (The)

     3,645         221,069   

Tractor Supply Co.

     461         32,560   

Ulta Salon Cosmetics & Fragrance, Inc.*

     192         18,716   
     

 

 

 
Total Specialty Retail         1,972,663   
Technology Hardware, Storage & Peripherals – 5.0%   

3D Systems Corp.*

     37         2,189   

Apple, Inc.

     6,993         3,753,423   

EMC Corp.

     11,862         325,137   

Hewlett-Packard Co.

     20,278         656,196   

NetApp, Inc.

     1,427         52,656   

SanDisk Corp.

     1,360         110,418   

Western Digital Corp.

     2,013         184,834   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         5,084,853   
Textiles, Apparel & Luxury Goods – 0.7%   

Coach, Inc.

     1,892         93,957   

Fossil Group, Inc.*

     306         35,683   

Hanesbrands, Inc.

     544         41,605   

NIKE, Inc. Class B

     3,539         261,390   

PVH Corp.

     182         22,708   

Ralph Lauren Corp.

     402         64,694   

Under Armour, Inc. Class A*

     183         20,979   

VF Corp.

     2,123         131,371   
     

 

 

 
Total Textiles, Apparel & Luxury Goods         672,387   
Thrifts & Mortgage Finance – 0.1%   

New York Community Bancorp, Inc.

     3,116         50,074   

Ocwen Financial Corp.*

     422         16,534   
     

 

 

 
Total Thrifts & Mortgage Finance         66,608   
Tobacco – 1.7%   

Altria Group, Inc.

     13,899         520,239   

Lorillard, Inc.

     2,561         138,499   

Philip Morris International, Inc.

     10,639         871,015   

Reynolds American, Inc.

     3,609         192,793   
     

 

 

 
Total Tobacco         1,722,546   
Trading Companies & Distributors – 0.2%   

Fastenal Co.

     932         45,966   

United Rentals, Inc.*

     374         35,508   

W.W. Grainger, Inc.

     315         79,588   
     

 

 

 
Total Trading Companies & Distributors         161,062   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      33   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Water Utilities – 0.0%   

American Water Works Co., Inc.

     859       $ 38,999   
Wireless Telecommunication Services – 0.0%   

T-Mobile US, Inc.*

     149         4,921   
TOTAL COMMON STOCKS
(Cost: $77,943,918)
              101,173,672   
EXCHANGE-TRADED FUNDS – 0.1%      
WisdomTree Equity Income Fund(a)
(Cost: $50,965)
     1,144         64,716   
TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $77,994,883)         101,238,388   

Cash and Other Assets in Excess of Liabilities – 0.1%

        112,254   
     

 

 

 
NET ASSETS – 100.0%             $ 101,350,642   
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 8).

 

See Notes to Financial Statements.

 

34   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.9%   
COMMON STOCKS – 99.4%   
Aerospace & Defense – 2.1%   

Alliant Techsystems, Inc.

     14,716       $ 2,091,879   

Curtiss-Wright Corp.

     10,671         678,035   

Esterline Technologies Corp.*

     9,036         962,696   

Exelis, Inc.

     80,444         1,529,241   

HEICO Corp.

     8,383         504,321   

Hexcel Corp.*

     21,414         932,366   

Huntington Ingalls Industries, Inc.

     11,805         1,207,179   

Moog, Inc. Class A*

     11,912         780,355   

Spirit AeroSystems Holdings, Inc. Class A*

     3,934         110,900   

Teledyne Technologies, Inc.*

     9,273         902,541   

Triumph Group, Inc.

     16,185         1,045,227   
     

 

 

 
Total Aerospace & Defense         10,744,740   
Airlines – 1.8%   

Alaska Air Group, Inc.

     34,750         3,242,523   

Allegiant Travel Co.

     4,152         464,733   

American Airlines Group, Inc.*

     110,874         4,057,989   

JetBlue Airways Corp.*

     74,010         643,147   

Spirit Airlines, Inc.*

     17,961         1,066,883   
     

 

 

 
Total Airlines         9,475,275   
Auto Components – 1.4%   

Allison Transmission Holdings, Inc.

     25,446         761,853   

Dana Holding Corp.

     6,060         141,016   

Dorman Products, Inc.*

     7,320         432,319   

Federal-Mogul Corp.*

     1,640         30,685   

Gentex Corp.

     30,261         954,129   

Goodyear Tire & Rubber Co. (The)

     101,631         2,655,618   

Tenneco, Inc.*

     15,156         880,109   

Visteon Corp.*

     14,134         1,250,011   
     

 

 

 
Total Auto Components         7,105,740   
Automobiles – 0.2%   

Thor Industries, Inc.

     14,322         874,501   
Banks – 7.9%   

Associated Banc-Corp.

     53,427         964,892   

BancorpSouth, Inc.

     18,480         461,261   

Bank of Hawaii Corp.

     13,369         810,295   

Bank of the Ozarks, Inc.

     7,191         489,419   

BankUnited, Inc.

     32,776         1,139,622   

BOK Financial Corp.

     26,272         1,814,082   

CapitalSource, Inc.

     55,168         804,901   

Cathay General Bancorp

     20,957         527,907   

City National Corp.

     13,597         1,070,356   

Commerce Bancshares, Inc.

     29,823         1,384,384   

Cullen/Frost Bankers, Inc.

     16,077         1,246,450   

CVB Financial Corp.

     26,653         423,783   

East West Bancorp, Inc.

     41,455         1,513,107   

First Citizens BancShares, Inc. Class A

     3,729         897,757   

First Financial Bankshares, Inc.

     5,895         364,252   

First Horizon National Corp.

     16,145         199,229   

First Niagara Financial Group, Inc.

     117,228         1,107,805   

FirstMerit Corp.

     37,592       783,041   

FNB Corp.

     48,851         654,603   

Fulton Financial Corp.

     61,285         770,965   

Glacier Bancorp, Inc.

     15,344         446,050   

Hancock Holding Co.

     23,659         867,102   

Home BancShares, Inc.

     9,343         321,586   

Iberiabank Corp.

     5,205         365,131   

International Bancshares Corp.

     21,612         542,029   

Investors Bancorp, Inc.

     21,814         602,939   

MB Financial, Inc.

     16,864         522,109   

PacWest Bancorp

     7,049         303,177   

Popular, Inc.*

     74,445         2,307,051   

PrivateBancorp, Inc.

     18,764         572,490   

Prosperity Bancshares, Inc.

     17,247         1,140,889   

Signature Bank*

     10,419         1,308,522   

Susquehanna Bancshares, Inc.

     70,970         808,348   

SVB Financial Group*

     10,297         1,326,048   

Synovus Financial Corp.

     1,179,476         3,998,424   

TCF Financial Corp.

     37,865         630,831   

Texas Capital Bancshares, Inc.*

     10,388         674,597   

Trustmark Corp.

     23,063         584,647   

UMB Financial Corp.

     9,212         596,016   

Umpqua Holdings Corp.

     27,222         507,418   

Valley National Bancorp

     65,903         686,050   

Webster Financial Corp.

     30,291         940,838   

Western Alliance Bancorp*

     24,816         610,474   

Wintrust Financial Corp.

     13,428         653,406   

Zions Bancorp.

     69,412         2,150,384   
     

 

 

 
Total Banks         40,894,667   
Beverages – 0.1%   

Boston Beer Co., Inc. (The) Class A*

     1,548         378,842   
Biotechnology – 0.6%   

Cubist Pharmaceuticals, Inc.*

     703         51,425   

Myriad Genetics, Inc.*

     36,623         1,252,140   

United Therapeutics Corp.*

     16,690         1,569,361   
     

 

 

 
Total Biotechnology         2,872,926   
Building Products – 0.5%   

A.O. Smith Corp.

     14,932         687,171   

Armstrong World Industries, Inc.*

     8,782         467,642   

Lennox International, Inc.

     10,664         969,464   

Owens Corning

     7,289         314,666   

Simpson Manufacturing Co., Inc.

     7,280         257,202   
     

 

 

 
Total Building Products         2,696,145   
Capital Markets – 2.4%   

American Capital Ltd.*

     167,308         2,641,793   

Artisan Partners Asset Management, Inc. Class A

     4,059         260,791   

Cohen & Steers, Inc.

     9,559         380,926   

Eaton Vance Corp.

     22,913         874,360   

Evercore Partners, Inc. Class A

     4,744         262,106   

Federated Investors, Inc. Class B

     27,690         845,653   

Financial Engines, Inc.

     1,944         98,716   

GAMCO Investors, Inc. Class A

     6,553         508,841   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      35   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Janus Capital Group, Inc.

     45,320       $ 492,628   

Legg Mason, Inc.

     25,941         1,272,147   

LPL Financial Holdings, Inc.

     19,804         1,040,502   

SEI Investments Co.

     34,468         1,158,470   

Stifel Financial Corp.*

     17,560         873,786   

Virtus Investment Partners, Inc.*

     1,479         256,118   

Waddell & Reed Financial, Inc. Class A

     18,199         1,339,810   
     

 

 

 
Total Capital Markets         12,306,647   
Chemicals – 2.2%   

Albemarle Corp.

     25,884         1,719,215   

Axiall Corp.

     14,826         665,984   

Balchem Corp.

     3,722         193,991   

Cabot Corp.

     15,873         937,459   

Cytec Industries, Inc.

     9,239         901,819   

H.B. Fuller Co.

     9,674         467,061   

Huntsman Corp.

     13,205         322,466   

Minerals Technologies, Inc.

     7,549         487,363   

NewMarket Corp.

     3,750         1,465,425   

Olin Corp.

     29,103         803,534   

PolyOne Corp.

     11,023         404,103   

Rockwood Holdings, Inc.

     2,303         171,343   

RPM International, Inc.

     29,052         1,215,536   

Scotts Miracle-Gro Co. (The) Class A

     13,385         820,233   

Sensient Technologies Corp.

     12,146         685,156   
     

 

 

 
Total Chemicals         11,260,688   
Commercial Services & Supplies – 2.1%   

Clean Harbors, Inc.*

     11,568         633,811   

Copart, Inc.*

     25,421         925,070   

Covanta Holding Corp.

     6,406         115,628   

Deluxe Corp.

     18,822         987,590   

Healthcare Services Group, Inc.

     9,706         282,056   

Herman Miller, Inc.

     11,831         380,130   

HNI Corp.

     7,892         288,532   

Iron Mountain, Inc.

     12,193         336,161   

KAR Auction Services, Inc.

     19,285         585,300   

Mobile Mini, Inc.

     2,888         125,224   

MSA Safety, Inc.

     7,316         417,012   

Pitney Bowes, Inc.

     72,394         1,881,520   

Rollins, Inc.

     19,946         603,167   

Steelcase, Inc. Class A

     20,939         347,797   

Tetra Tech, Inc.*

     8,017         237,223   

UniFirst Corp.

     5,757         632,925   

United Stationers, Inc.

     14,385         590,792   

Waste Connections, Inc.

     22,373         981,280   

West Corp.

     24,609         588,893   
     

 

 

 
Total Commercial Services & Supplies         10,940,111   
Communications Equipment – 0.5%   

Brocade Communications Systems, Inc.*

     90,854         963,961   

EchoStar Corp. Class A*

     2,900         137,924   

Finisar Corp.*

     4,478         118,712   

JDS Uniphase Corp.*

     27,392         383,488   

Plantronics, Inc.

     12,062         536,156   

Ubiquiti Networks, Inc.*

     13,250       602,477   
     

 

 

 
Total Communications Equipment         2,742,718   
Construction & Engineering – 1.1%   

AECOM Technology Corp.*

     43,773         1,408,177   

EMCOR Group, Inc.

     14,993         701,523   

KBR, Inc.

     39,706         1,059,356   

MasTec, Inc.*

     24,915         1,082,308   

URS Corp.

     28,866         1,358,434   
     

 

 

 
Total Construction & Engineering         5,609,798   
Construction Materials – 0.2%   

Eagle Materials, Inc.

     6,366         564,410   

Martin Marietta Materials, Inc.

     5,646         724,664   
     

 

 

 
Total Construction Materials         1,289,074   
Consumer Finance – 0.8%   

Credit Acceptance Corp.*

     9,744         1,385,110   

First Cash Financial Services, Inc.*

     7,242         365,431   

Nelnet, Inc. Class A

     35,065         1,434,158   

Portfolio Recovery Associates, Inc.*

     16,794         971,701   
     

 

 

 
Total Consumer Finance         4,156,400   
Containers & Packaging – 2.0%   

AptarGroup, Inc.

     13,648         902,133   

Avery Dennison Corp.

     24,007         1,216,435   

Bemis Co., Inc.

     26,521         1,040,684   

Berry Plastics Group, Inc.*

     12,941         299,584   

Graphic Packaging Holding Co.*

     67,631         687,131   

Greif, Inc. Class A

     13,413         704,048   

Owens-Illinois, Inc.*

     45,662         1,544,746   

Packaging Corp. of America

     22,517         1,584,521   

Silgan Holdings, Inc.

     20,491         1,014,714   

Sonoco Products Co.

     26,663         1,093,716   
     

 

 

 
Total Containers & Packaging         10,087,712   
Distributors – 0.1%   

Pool Corp.

     8,707         533,913   
Diversified Consumer Services – 1.1%   

Apollo Education Group, Inc.*

     45,433         1,555,626   

DeVry Education Group, Inc.

     21,040         891,886   

Graham Holdings Co. Class B

     1,287         905,726   

Grand Canyon Education, Inc.*

     9,445         441,081   

Hillenbrand, Inc.

     11,719         378,875   

Service Corp. International

     15,833         314,760   

Sotheby’s

     10,053         437,808   

Weight Watchers International, Inc.

     36,516         750,039   
     

 

 

 
Total Diversified Consumer Services         5,675,801   
Diversified Financial Services – 0.5%   

CBOE Holdings, Inc.

     16,511         934,523   

MarketAxess Holdings, Inc.

     5,750         340,515   

MSCI, Inc.*

     27,424         1,179,780   
     

 

 

 
Total Diversified Financial Services         2,454,818   
Diversified Telecommunication Services – 0.2%   

Cogent Communications Group, Inc.

     602         21,389   

Frontier Communications Corp.

     52,327         298,264   

 

See Notes to Financial Statements.

 

36   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

tw telecom, Inc.*

     6,803       $ 212,662   

Windstream Holdings, Inc.

     71,630         590,231   
     

 

 

 
Total Diversified Telecommunication Services         1,122,546   
Electric Utilities – 2.5%   

ALLETE, Inc.

     10,910         571,902   

Cleco Corp.

     18,433         932,341   

Great Plains Energy, Inc.

     54,238         1,466,596   

Hawaiian Electric Industries, Inc.

     23,265         591,396   

IDACORP, Inc.

     16,768         930,121   

ITC Holdings Corp.

     33,173         1,239,012   

Pepco Holdings, Inc.

     37,577         769,577   

Pinnacle West Capital Corp.

     37,136         2,029,854   

PNM Resources, Inc.

     23,114         624,771   

Portland General Electric Co.

     15,403         498,133   

UIL Holdings Corp.

     14,385         529,512   

UNS Energy Corp.

     10,574         634,757   

Westar Energy, Inc.

     51,803         1,821,393   
     

 

 

 
Total Electric Utilities         12,639,365   
Electrical Equipment – 1.0%   

Acuity Brands, Inc.

     6,243         827,634   

Babcock & Wilcox Co. (The)

     33,301         1,105,593   

EnerSys

     11,678         809,169   

Franklin Electric Co., Inc.

     9,282         394,671   

Generac Holdings, Inc.

     14,562         858,721   

Polypore International, Inc.*

     5,925         202,694   

Regal-Beloit Corp.

     13,304         967,334   
     

 

 

 
Total Electrical Equipment         5,165,816   
Electronic Equipment, Instruments & Components – 3.9%   

Anixter International, Inc.

     8,760         889,315   

Arrow Electronics, Inc.*

     38,196         2,267,315   

Avnet, Inc.

     54,170         2,520,530   

AVX Corp.

     37,632         495,990   

Belden, Inc.

     9,039         629,114   

CDW Corp.

     22,321         612,488   

Cognex Corp.*

     9,989         338,228   

Dolby Laboratories, Inc. Class A*

     26,073         1,160,248   

FEI Co.

     6,725         692,810   

FLIR Systems, Inc.

     40,603         1,461,708   

Ingram Micro, Inc. Class A*

     63,105         1,865,384   

IPG Photonics Corp.*

     10,274         730,276   

Jabil Circuit, Inc.

     122,900         2,212,200   

Littelfuse, Inc.

     4,603         431,025   

National Instruments Corp.

     11,960         343,132   

SYNNEX Corp.*

     12,089         732,714   

Tech Data Corp.*

     22,039         1,343,497   

Vishay Intertechnology, Inc.

     48,673         724,254   

Zebra Technologies Corp. Class A*

     12,399         860,615   
     

 

 

 
Total Electronic Equipment, Instruments & Components         20,310,843   
Energy Equipment & Services – 2.6%   

Atwood Oceanics, Inc.*

     34,887         1,757,956   

Bristow Group, Inc.

     9,646         728,466   

CARBO Ceramics, Inc.

     3,806         525,190   

Dresser-Rand Group, Inc.*

     18,971       1,108,096   

Dril-Quip, Inc.*

     7,065         791,986   

Exterran Holdings, Inc.

     6,869         301,412   

Forum Energy Technologies, Inc.*

     21,911         678,803   

Hornbeck Offshore Services, Inc.*

     5,393         225,481   

Oil States International, Inc.*

     17,101         1,686,158   

Patterson-UTI Energy, Inc.

     46,095         1,460,290   

RPC, Inc.

     55,431         1,131,901   

Superior Energy Services, Inc.

     56,497         1,737,848   

Tidewater, Inc.

     14,714         715,395   

Unit Corp.*

     7,453         487,277   
     

 

 

 
Total Energy Equipment & Services         13,336,259   
Food & Staples Retailing – 0.7%   

Casey’s General Stores, Inc.

     9,175         620,138   

Fresh Market, Inc. (The)*

     8,593         288,725   

PriceSmart, Inc.

     3,655         368,899   

Rite Aid Corp.*

     248,141         1,555,844   

United Natural Foods, Inc.*

     7,589         538,212   
     

 

 

 
Total Food & Staples Retailing         3,371,818   
Food Products – 2.3%   

B&G Foods, Inc.

     6,702         201,797   

Darling International, Inc.*

     30,310         606,806   

Flowers Foods, Inc.

     40,530         869,369   

Hain Celestial Group, Inc. (The)*

     7,841         717,216   

Hillshire Brands Co.

     23,143         862,308   

Ingredion, Inc.

     30,826         2,098,634   

Lancaster Colony Corp.

     6,300         626,346   

Pilgrim’s Pride Corp.*

     133,735         2,797,736   

Pinnacle Foods, Inc.

     14,492         432,731   

Seaboard Corp.*

     255         668,470   

Snyders-Lance, Inc.

     11,091         312,655   

Tootsie Roll Industries, Inc.

     9,075         271,706   

TreeHouse Foods, Inc.*

     6,766         487,084   

WhiteWave Foods Co. Class A*

     25,079         715,755   
     

 

 

 
Total Food Products         11,668,613   
Gas Utilities – 2.0%   

AGL Resources, Inc.

     36,982         1,810,639   

Atmos Energy Corp.

     31,297         1,475,027   

National Fuel Gas Co.

     19,587         1,371,873   

New Jersey Resources Corp.

     12,790         636,942   

Piedmont Natural Gas Co., Inc.

     20,575         728,149   

Questar Corp.

     39,088         929,513   

South Jersey Industries, Inc.

     6,633         372,045   

Southwest Gas Corp.

     14,736         787,639   

UGI Corp.

     35,865         1,635,803   

WGL Holdings, Inc.

     11,131         445,908   
     

 

 

 
Total Gas Utilities         10,193,538   
Health Care Equipment & Supplies – 1.2%   

Align Technology, Inc.*

     6,061         313,899   

Cyberonics, Inc.*

     3,971         259,108   

Globus Medical, Inc. Class A*

     20,511         545,387   

Haemonetics Corp.*

     3,965         129,219   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      37   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Hill-Rom Holdings, Inc.

     13,644       $ 525,840   

IDEXX Laboratories, Inc.*

     9,383         1,139,096   

Neogen Corp.*

     2,860         128,557   

Sirona Dental Systems, Inc.*

     10,630         793,742   

STERIS Corp.

     15,042         718,256   

Teleflex, Inc.

     7,446         798,509   

Thoratec Corp.*

     6,727         240,894   

West Pharmaceutical Services, Inc.

     11,517         507,324   
     

 

 

 
Total Health Care Equipment & Supplies         6,099,831   
Health Care Providers & Services – 2.4%   

Acadia Healthcare Co., Inc.*

     3,671         165,635   

Air Methods Corp.*

     6,688         357,340   

Centene Corp.*

     10,663         663,772   

Community Health Systems, Inc.*

     33,324         1,305,301   

Health Net, Inc.*

     26,831         912,522   

HealthSouth Corp.

     42,277         1,519,013   

LifePoint Hospitals, Inc.*

     12,712         693,440   

MEDNAX, Inc.*

     26,007         1,611,914   

MWI Veterinary Supply, Inc.*

     1,870         291,009   

Omnicare, Inc.

     21,336         1,273,119   

Owens & Minor, Inc.

     15,993         560,235   

Patterson Cos., Inc.

     25,947         1,083,547   

Team Health Holdings, Inc.*

     8,980         401,855   

VCA Antech, Inc.*

     20,932         674,638   

WellCare Health Plans, Inc.*

     16,225         1,030,612   
     

 

 

 
Total Health Care Providers & Services         12,543,952   
Health Care Technology – 0.1%   

HMS Holdings Corp.*

     11,174         212,865   

Medidata Solutions, Inc.*

     1,847         100,366   
     

 

 

 
Total Health Care Technology         313,231   
Hotels, Restaurants & Leisure – 2.4%   

Bally Technologies, Inc.*

     9,852         652,892   

Bloomin’ Brands, Inc.*

     36,958         890,688   

Brinker International, Inc.

     17,714         929,099   

Buffalo Wild Wings, Inc.*

     2,435         362,572   

Cheesecake Factory, Inc. (The)

     11,100         528,693   

Choice Hotels International, Inc.

     11,660         536,360   

Cracker Barrel Old Country Store, Inc.

     5,744         558,547   

Domino’s Pizza, Inc.

     10,119         778,859   

Dunkin’ Brands Group, Inc.

     14,908         748,083   

International Game Technology

     79,548         1,118,445   

Jack in the Box, Inc.*

     10,032         591,286   

Life Time Fitness, Inc.*

     13,387         643,915   

Marriott Vacations Worldwide Corp.*

     6,250         349,438   

Panera Bread Co. Class A*

     5,890         1,039,408   

Papa John’s International, Inc.

     8,192         426,885   

SeaWorld Entertainment, Inc.

     9,243         279,416   

Six Flags Entertainment Corp.

     36,455         1,463,668   

Texas Roadhouse, Inc.

     13,885         362,121   

Vail Resorts, Inc.

     2,332         162,540   

Wendy’s Co. (The)

     19,411         177,028   
     

 

 

 
Total Hotels, Restaurants & Leisure         12,599,943   
Household Durables – 2.6%   

Harman International Industries, Inc.

     7,817       831,729   

Leggett & Platt, Inc.

     42,814         1,397,449   

NVR, Inc.*

     1,190         1,364,930   

Ryland Group, Inc. (The)

     41,908         1,673,386   

Standard Pacific Corp.*

     227,520         1,890,691   

Taylor Morrison Home Corp. Class A*

     90,058         2,116,363   

Tempur Sealy International, Inc.*

     7,558         382,964   

Toll Brothers, Inc.*

     71,115         2,553,029   

Tupperware Brands Corp.

     14,251         1,193,664   
     

 

 

 
Total Household Durables         13,404,205   
Industrial Conglomerates – 0.3%   

Carlisle Cos., Inc.

     16,998         1,348,621   
Insurance – 6.2%   

American Financial Group, Inc.

     19,886         1,147,621   

American National Insurance Co.

     6,848         774,166   

AmTrust Financial Services, Inc.

     46,409         1,745,443   

Arthur J. Gallagher & Co.

     27,114         1,290,084   

Assurant, Inc.

     28,917         1,878,448   

Brown & Brown, Inc.

     35,497         1,091,888   

CNO Financial Group, Inc.

     134,019         2,425,744   

First American Financial Corp.

     42,339         1,124,100   

Hanover Insurance Group, Inc. (The)

     8,756         537,969   

HCC Insurance Holdings, Inc.

     39,961         1,817,826   

Hilltop Holdings, Inc.*

     20,455         486,624   

Kemper Corp.

     14,289         559,700   

MBIA, Inc.*

     353,427         4,944,444   

Mercury General Corp.

     9,774         440,612   

Old Republic International Corp.

     74,379         1,219,816   

Primerica, Inc.

     19,459         916,714   

ProAssurance Corp.

     27,478         1,223,595   

Protective Life Corp.

     35,082         1,844,962   

Reinsurance Group of America, Inc.

     25,983         2,069,026   

RLI Corp.

     10,912         482,747   

StanCorp Financial Group, Inc.

     16,652         1,112,354   

Symetra Financial Corp.

     50,431         999,542   

W.R. Berkley Corp.

     47,767         1,988,063   
     

 

 

 
Total Insurance         32,121,488   
Internet & Catalog Retail – 1.4%   

HomeAway, Inc.*

     2,915         109,808   

HSN, Inc.

     14,226         849,719   

Liberty Ventures Series A*

     45,519         5,932,491   

Shutterfly, Inc.*

     1,823         77,806   
     

 

 

 
Total Internet & Catalog Retail         6,969,824   
Internet Software & Services – 0.7%   

AOL, Inc.*

     10,865         475,561   

CoStar Group, Inc.*

     565         105,508   

Dealertrack Technologies, Inc.*

     1,049         51,600   

IAC/InterActiveCorp

     22,703         1,620,767   

j2 Global, Inc.

     11,718         586,486   

OpenTable, Inc.*

     1,889         145,321   

Rackspace Hosting, Inc.*

     12,809         420,391   

 

See Notes to Financial Statements.

 

38   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Shutterstock, Inc.*

     2,901       $ 210,642   
     

 

 

 
Total Internet Software & Services         3,616,276   
IT Services – 3.1%   

Acxiom Corp.*

     7,229         248,641   

Booz Allen Hamilton Holding Corp.

     72,386         1,592,492   

Broadridge Financial Solutions, Inc.

     31,734         1,178,601   

Cardtronics, Inc.*

     3,088         119,969   

Convergys Corp.

     27,829         609,733   

CoreLogic, Inc.*

     20,314         610,233   

DST Systems, Inc.

     12,284         1,164,400   

Euronet Worldwide, Inc.*

     6,695         278,445   

EVERTEC, Inc.

     6,160         152,152   

Gartner, Inc.*

     13,814         959,244   

Global Payments, Inc.

     19,247         1,368,654   

iGATE Corp.*

     9,799         309,060   

Jack Henry & Associates, Inc.

     15,944         889,037   

Leidos Holdings, Inc.

     47,705         1,687,326   

MAXIMUS, Inc.

     13,532         607,046   

NeuStar, Inc. Class A*

     16,788         545,778   

Sapient Corp.*

     23,400         399,204   

Syntel, Inc.*

     11,655         1,047,785   

Total System Services, Inc.

     37,684         1,145,970   

Vantiv, Inc. Class A*

     19,958         603,131   

WEX, Inc.*

     7,433         706,507   
     

 

 

 
Total IT Services         16,223,408   
Leisure Products – 0.2%   

Brunswick Corp.

     19,731         893,617   
Life Sciences Tools & Services – 1.1%   

Bio-Rad Laboratories, Inc. Class A*

     3,973         509,021   

Bruker Corp.*

     15,373         350,351   

Charles River Laboratories International, Inc.*

     10,342         624,036   

Covance, Inc.*

     9,673         1,005,025   

PAREXEL International Corp.*

     13,333         721,182   

PerkinElmer, Inc.

     13,027         586,996   

Quintiles Transnational Holdings, Inc.*

     21,455         1,089,270   

Techne Corp.

     6,511         555,844   
     

 

 

 
Total Life Sciences Tools & Services         5,441,725   
Machinery – 6.6%   

Actuant Corp. Class A

     19,889         679,209   

AGCO Corp.

     52,556         2,898,989   

Barnes Group, Inc.

     9,711         373,582   

Chart Industries, Inc.*

     4,388         349,065   

CLARCOR, Inc.

     10,878         623,853   

Colfax Corp.*

     11,541         823,220   

Crane Co.

     16,512         1,174,829   

Graco, Inc.

     14,270         1,066,540   

IDEX Corp.

     13,822         1,007,486   

ITT Corp.

     60,083         2,569,149   

Joy Global, Inc.

     70,544         4,091,552   

Kennametal, Inc.

     19,865         880,019   

Lincoln Electric Holdings, Inc.

     19,587         1,410,460   

Manitowoc Co., Inc. (The)

     37,525         1,180,161   

Middleby Corp.*

     3,240       856,040   

Mueller Industries, Inc.

     12,644         379,194   

Nordson Corp.

     16,616         1,171,262   

Oshkosh Corp.

     32,940         1,939,178   

Proto Labs, Inc.*

     2,446         165,521   

SPX Corp.

     5,771         567,347   

Terex Corp.

     14,625         647,888   

Timken Co. (The)

     29,221         1,717,610   

Toro Co. (The)

     12,573         794,488   

Trinity Industries, Inc.

     29,269         2,109,417   

Valmont Industries, Inc.

     10,267         1,528,140   

WABCO Holdings, Inc.*

     16,581         1,750,290   

Watts Water Technologies, Inc. Class A

     6,179         362,646   

Woodward, Inc.

     16,592         689,066   
     

 

 

 
Total Machinery               33,806,201   
Marine – 0.2%      

Kirby Corp.*

     12,349         1,250,336   
Media – 1.6%      

AMC Networks, Inc. Class A*

     22,138         1,618,066   

Cinemark Holdings, Inc.

     24,555         712,341   

John Wiley & Sons, Inc. Class A

     13,806         795,778   

Lamar Advertising Co. Class A*

     3,224         164,392   

Loral Space & Communications, Inc.*

     3,438         243,170   

Madison Square Garden Co. (The)

Class A*

     13,359         758,524   

Meredith Corp.

     12,394         575,453   

Morningstar, Inc.

     7,768         613,827   

New York Times Co. (The) Class A

     12,060         206,467   

Regal Entertainment Group Class A

     39,135         731,042   

Sinclair Broadcast Group, Inc. Class A

     17,437         472,368   

Starz Class A*

     42,289         1,365,089   
     

 

 

 
Total Media               8,256,517   
Metals & Mining – 1.2%      

Allegheny Technologies, Inc.

     1,301         49,022   

Carpenter Technology Corp.

     11,668         770,555   

Commercial Metals Co.

     16,656         314,465   

Compass Minerals International, Inc.

     6,643         548,180   

Reliance Steel & Aluminum Co.

     23,644         1,670,685   

Royal Gold, Inc.

     7,517         470,715   

Steel Dynamics, Inc.

     53,894         958,774   

US Silica Holdings, Inc.

     12,631         482,125   

Worthington Industries, Inc.

     17,716         677,637   
     

 

 

 
Total Metals & Mining               5,942,158   
Multiline Retail – 0.6%      

Big Lots, Inc.*

     28,059         1,062,594   

Dillard’s, Inc. Class A

     19,642         1,814,921   
     

 

 

 
Total Multiline Retail               2,877,515   
Multi-Utilities – 1.4%      

Alliant Energy Corp.

     37,438         2,126,853   

Black Hills Corp.

     12,640         728,696   

Integrys Energy Group, Inc.

     26,553         1,583,886   

MDU Resources Group, Inc.

     20,140         691,003   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      39   


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

NorthWestern Corp.

     10,999       $ 521,683   

TECO Energy, Inc.

     62,499         1,071,858   

Vectren Corp.

     18,784         739,902   
     

 

 

 
Total Multi-Utilities               7,463,881   
Oil, Gas & Consumable Fuels – 2.7%      

Bonanza Creek Energy, Inc.*

     6,671         296,192   

Carrizo Oil & Gas, Inc.*

     7,150         382,239   

CVR Energy, Inc.

     54,580         2,306,005   

Delek US Holdings, Inc.

     30,157         875,759   

Energen Corp.

     14,865         1,201,241   

Gulfport Energy Corp.*

     13,531         963,137   

Laredo Petroleum, Inc.*

     12,321         318,621   

Oasis Petroleum, Inc.*

     24,304         1,014,206   

QEP Resources, Inc.

     32,394         953,679   

Rosetta Resources, Inc.*

     22,384         1,042,647   

SemGroup Corp. Class A

     5,208         342,061   

SM Energy Co.

     5,845         416,690   

Targa Resources Corp.

     3,352         332,720   

Western Refining, Inc.

     63,000         2,431,800   

World Fuel Services Corp.

     23,569         1,039,393   
     

 

 

 
Total Oil, Gas & Consumable Fuels               13,916,390   
Paper & Forest Products – 0.3%      

KapStone Paper and Packaging Corp.*

     17,049         491,693   

Louisiana-Pacific Corp.*

     57,040         962,265   
     

 

 

 
Total Paper & Forest Products               1,453,958   
Pharmaceuticals – 0.6%      

Akorn, Inc.*

     9,428         207,416   

Medicines Co. (The)*

     5,070         144,089   

Prestige Brands Holdings, Inc.*

     11,914         324,657   

Questcor Pharmaceuticals, Inc.

     24,865         1,614,485   

Salix Pharmaceuticals Ltd.*

     6,928         717,810   
     

 

 

 
Total Pharmaceuticals               3,008,457   
Professional Services – 0.7%      

Advisory Board Co. (The)*

     2,180         140,065   

Corporate Executive Board Co. (The)

     4,075         302,487   

Dun & Bradstreet Corp. (The)

     12,286         1,220,614   

FTI Consulting, Inc.*

     12,227         407,648   

On Assignment, Inc.*

     7,659         295,561   

Robert Half International, Inc.

     31,072         1,303,470   

WageWorks, Inc.*

     1,506         84,502   
     

 

 

 
Total Professional Services               3,754,347   
Real Estate Investment Trusts (REITs) – 4.4%      

Alexandria Real Estate Equities, Inc.

     7,070         512,999   

American Campus Communities, Inc.

     5,924         221,261   

BioMed Realty Trust, Inc.

     8,038         164,699   

BRE Properties, Inc.

     9,000         565,020   

Camden Property Trust

     14,013         943,635   

CBL & Associates Properties, Inc.

     25,235         447,921   

Chambers Street Properties

     33,603         261,095   

Corrections Corp. of America

     47,339         1,482,658   

Cousins Properties, Inc.

     56,393         646,828   

DiamondRock Hospitality Co.

     15,413         181,103   

Digital Realty Trust, Inc.

     30,171       1,601,477   

Douglas Emmett, Inc.

     8,872         240,786   

EastGroup Properties, Inc.

     2,574         161,930   

EPR Properties

     11,517         614,893   

Equity Lifestyle Properties, Inc.

     8,523         346,460   

Essex Property Trust, Inc.

     5,302         901,605   

Extra Space Storage, Inc.

     15,822         767,525   

Geo Group, Inc. (The)

     29,399         947,824   

Healthcare Trust of America, Inc. Class A

     8,316         94,719   

Highwoods Properties, Inc.

     6,539         251,163   

Home Properties, Inc.

     8,516         511,982   

Hospitality Properties Trust

     18,920         543,382   

LaSalle Hotel Properties

     10,360         324,372   

Liberty Property Trust

     17,576         649,609   

Medical Properties Trust, Inc.

     39,490         505,077   

Mid-America Apartment Communities, Inc.

     5,829         397,946   

National Health Investors, Inc.

     7,268         439,423   

National Retail Properties, Inc.

     19,717         676,688   

Omega Healthcare Investors, Inc.

     27,121         909,096   

Pebblebrook Hotel Trust

     2,688         90,774   

Piedmont Office Realty Trust, Inc. Class A

     21,836         374,487   

Post Properties, Inc.

     8,808         432,473   

PS Business Parks, Inc.

     2,311         193,246   

Rayonier, Inc.

     38,328         1,759,639   

RLJ Lodging Trust

     19,310         516,349   

Ryman Hospitality Properties, Inc.

     6,721         285,777   

Senior Housing Properties Trust

     32,720         735,218   

Sovran Self Storage, Inc.

     5,014         368,278   

Tanger Factory Outlet Centers, Inc.

     15,994         559,790   

Taubman Centers, Inc.

     7,464         528,377   

Weingarten Realty Investors

     5,916         177,480   

WP Carey, Inc.

     7,991         480,019   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               22,815,083   
Real Estate Management & Development – 0.3%      

Alexander & Baldwin, Inc.

     1,600         68,096   

Jones Lang LaSalle, Inc.

     11,463         1,358,366   
     

 

 

 
Total Real Estate Management & Development               1,426,462   
Road & Rail – 1.5%      

AMERCO

     6,821         1,583,290   

Avis Budget Group, Inc.*

     4,031         196,310   

Con-way, Inc.

     12,164         499,697   

Genesee & Wyoming, Inc. Class A*

     11,822         1,150,517   

Landstar System, Inc.

     10,807         639,991   

Old Dominion Freight Line, Inc.*

     19,504         1,106,657   

Ryder System, Inc.

     12,589         1,006,113   

Swift Transportation Co.*

     35,238         872,140   

Werner Enterprises, Inc.

     16,551         422,216   
     

 

 

 
Total Road & Rail               7,476,931   
Semiconductors & Semiconductor Equipment – 1.4%   

First Solar, Inc.*

     40,830         2,849,526   

Hittite Microwave Corp.

     5,906         372,314   

LSI Corp.

     51,211         566,906   

Microsemi Corp.*

     9,048         226,472   

 

See Notes to Financial Statements.

 

40   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

ON Semiconductor Corp.*

     3,529       $ 33,173   

Semtech Corp.*

     10,554         267,438   

Skyworks Solutions, Inc.*

     51,010         1,913,895   

Teradyne, Inc.*

     42,825         851,789   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         7,081,513   
Software – 2.3%      

ACI Worldwide, Inc.*

     4,991         295,417   

Advent Software, Inc.

     3,604         105,813   

Aspen Technology, Inc.*

     6,800         288,048   

Cadence Design Systems, Inc.*

     163,516         2,541,039   

CommVault Systems, Inc.*

     4,051         263,113   

Compuware Corp.

     16,858         177,009   

FactSet Research Systems, Inc.

     9,393         1,012,659   

Fair Isaac Corp.

     7,817         432,436   

Fortinet, Inc.*

     14,813         326,330   

Guidewire Software, Inc.*

     1,866         91,527   

Informatica Corp.*

     10,254         387,396   

Manhattan Associates, Inc.*

     10,458         366,344   

Mentor Graphics Corp.

     23,594         519,540   

MICROS Systems, Inc.*

     14,803         783,523   

Pegasystems, Inc.

     4,291         151,558   

PTC, Inc.*

     22,190         786,192   

RealPage, Inc.*

     4,752         86,296   

Rovi Corp.*

     5,994         136,543   

SolarWinds, Inc.*

     12,456         530,999   

Solera Holdings, Inc.

     5,591         354,134   

SS&C Technologies Holdings, Inc.*

     12,923         517,179   

Synopsys, Inc.*

     28,821         1,107,015   

TIBCO Software, Inc.*

     18,764         381,285   

Tyler Technologies, Inc.*

     1,979         165,603   

Ultimate Software Group, Inc.*

     710         97,270   

Verint Systems, Inc.*

     3,841         180,258   
     

 

 

 
Total Software               12,084,526   
Specialty Retail – 4.9%      

Aaron’s, Inc.

     23,584         713,180   

Abercrombie & Fitch Co. Class A

     22,836         879,186   

American Eagle Outfitters, Inc.

     81,568         998,392   

Ascena Retail Group, Inc.*

     39,010         674,093   

AutoNation, Inc.*

     34,827         1,853,841   

Buckle, Inc. (The)

     16,349         748,784   

Cabela’s, Inc.*

     17,150         1,123,497   

Chico’s FAS, Inc.

     43,075         690,492   

Conn’s, Inc.*

     4,702         182,673   

CST Brands, Inc.

     24,082         752,322   

DSW, Inc. Class A

     17,996         645,337   

Express, Inc.*

     36,701         582,812   

Five Below, Inc.*

     2,850         121,068   

Foot Locker, Inc.

     52,951         2,487,638   

GameStop Corp. Class A

     40,484         1,663,892   

Genesco, Inc.*

     8,300         618,931   

GNC Holdings, Inc. Class A

     23,256         1,023,729   

Guess?, Inc.

     26,617         734,629   

Lithia Motors, Inc. Class A

     7,022         466,682   

Lumber Liquidators Holdings, Inc.*

     3,687       345,841   

Men’s Wearhouse, Inc. (The)

     12,796         626,748   

Outerwall, Inc.*

     8,357         605,883   

Penske Automotive Group, Inc.

     26,669         1,140,366   

Pier 1 Imports, Inc.

     31,081         586,809   

Rent-A-Center, Inc.

     25,136         668,618   

Sally Beauty Holdings, Inc.*

     44,821         1,228,095   

Urban Outfitters, Inc.*

     39,088         1,425,539   

Williams-Sonoma, Inc.

     24,243         1,615,554   
     

 

 

 
Total Specialty Retail               25,204,631   
Technology Hardware, Storage & Peripherals – 0.7%   

Electronics For Imaging, Inc.*

     11,616         503,089   

Lexmark International, Inc. Class A

     18,122         838,867   

NCR Corp.*

     64,025         2,340,114   
     

 

 

 
Total Technology Hardware, Storage & Peripherals               3,682,070   
Textiles, Apparel & Luxury Goods – 0.8%      

Carter’s, Inc.

     12,256         951,678   

Columbia Sportswear Co.

     6,910         571,111   

Deckers Outdoor Corp.*

     6,379         508,598   

Iconix Brand Group, Inc.*

     15,543         610,374   

Skechers U.S.A., Inc. Class A*

     6,628         242,187   

Steven Madden Ltd.*

     17,969         646,525   

Wolverine World Wide, Inc.

     16,682         476,271   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               4,006,744   
Thrifts & Mortgage Finance – 1.1%      

Capitol Federal Financial, Inc.

     28,075         352,341   

EverBank Financial Corp.

     38,348         756,606   

Hudson City Bancorp, Inc.

     105,715         1,039,179   

Nationstar Mortgage Holdings, Inc.*

     41,407         1,344,071   

People’s United Financial, Inc.

     80,276         1,193,704   

TFS Financial Corp.*

     23,467         291,695   

Washington Federal, Inc.

     34,383         801,124   
     

 

 

 
Total Thrifts & Mortgage Finance               5,778,720   
Trading Companies & Distributors – 1.3%      

Air Lease Corp.

     29,125         1,086,071   

Applied Industrial Technologies, Inc.

     12,324         594,510   

Beacon Roofing Supply, Inc.*

     9,376         362,476   

GATX Corp.

     9,805         665,564   

MRC Global, Inc.*

     19,451         524,399   

MSC Industrial Direct Co., Inc. Class A

     15,020         1,299,530   

TAL International Group, Inc.*

     13,446         576,430   

Watsco, Inc.

     5,581         557,598   

WESCO International, Inc.*

     14,310         1,190,878   
     

 

 

 
Total Trading Companies & Distributors               6,857,456   
Transportation Infrastructure – 0.1%      

Wesco Aircraft Holdings, Inc.*

     25,227         555,246   
Water Utilities – 0.2%      

Aqua America, Inc.

     48,349         1,212,110   
TOTAL COMMON STOCKS
(Cost: $432,154,153)
              511,396,687   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      41   


Table of Contents

Schedule of Investments (concluded)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUNDS – 0.5%      
WisdomTree MidCap Dividend Fund (a)
(Cost: $2,527,254)
     36,602       $ 2,818,720   
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $434,681,407)
        514,215,407   

Cash and Other Assets in Excess of Liabilities – 0.1%

  

     467,061   
     

 

 

 
NET ASSETS – 100.0%             $ 514,682,468   
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 8).

 

See Notes to Financial Statements.

 

42   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.9%      
COMMON STOCKS – 99.8%      
Aerospace & Defense – 1.8%      

AAR Corp.

     20,297       $ 526,707   

American Science & Engineering, Inc.

     3,226         216,690   

Astronics Corp.*

     7,049         446,977   

CPI Aerostructures, Inc.*

     3,894         50,622   

Cubic Corp.

     22,076         1,127,421   

Ducommun, Inc.*

     8,879         222,508   

Engility Holdings, Inc.*

     23,406         1,054,440   

Erickson Air-Crane, Inc.*

     7,618         147,104   

GenCorp, Inc.*

     120,580         2,202,997   

LMI Aerospace, Inc.*

     7,511         105,905   

National Presto Industries, Inc.

     5,266         410,959   

Orbital Sciences Corp.*

     39,075         1,090,193   

Sparton Corp.*

     8,297         242,936   

Taser International, Inc.*

     14,383         263,065   
     

 

 

 
Total Aerospace & Defense               8,108,524   
Air Freight & Logistics – 1.0%      

Air Transport Services Group, Inc.*

     59,157         464,382   

Atlas Air Worldwide Holdings, Inc.*

     41,636         1,468,502   

Echo Global Logistics, Inc.*

     10,225         187,322   

Forward Air Corp.

     17,796         820,574   

Hub Group, Inc. Class A*

     26,668         1,066,453   

Park-Ohio Holdings Corp.*

     9,278         520,960   
     

 

 

 
Total Air Freight & Logistics               4,528,193   
Airlines – 0.5%      

Hawaiian Holdings, Inc.*

     53,002         739,908   

Republic Airways Holdings, Inc.*

     68,252         623,823   

SkyWest, Inc.

     61,667         786,871   
     

 

 

 
Total Airlines               2,150,602   
Auto Components – 2.7%      

American Axle & Manufacturing Holdings, Inc.*

     269,703         4,994,900   

Cooper Tire & Rubber Co.

     155,693         3,783,340   

Cooper-Standard Holding, Inc.*

     10,514         742,814   

Drew Industries, Inc.

     12,281         665,630   

Gentherm, Inc.*

     13,175         457,436   

Modine Manufacturing Co.*

     3,682         53,941   

Standard Motor Products, Inc.

     19,327         691,327   

Stoneridge, Inc.*

     18,880         212,022   

Strattec Security Corp.

     2,739         197,838   

Superior Industries International, Inc.

     13,809         282,947   
     

 

 

 
Total Auto Components               12,082,195   
Automobiles – 0.1%      

Winnebago Industries, Inc.*

     10,021         274,475   
Banks – 11.2%      

1st Source Corp.

     19,403         622,642   

1st United Bancorp, Inc.

     10,240         78,438   

Access National Corp.

     9,821         159,198   

American National Bankshares, Inc.

     8,722         205,141   

Ameris Bancorp*

     14,223         331,396   

Arrow Financial Corp.

     11,921         315,191   

BancFirst Corp.

     8,758       495,966   

Bancorp, Inc. (The)*

     20,468         385,003   

Bank of Kentucky Financial Corp. (The)

     7,171         269,199   

Banner Corp.

     15,338         632,079   

BBCN Bancorp, Inc.

     73,379         1,257,716   

Boston Private Financial Holdings, Inc.

     40,537         548,466   

Bridge Bancorp, Inc.

     7,000         186,970   

Bridge Capital Holdings*

     9,083         215,812   

Bryn Mawr Bank Corp.

     10,987         315,657   

C&F Financial Corp.

     4,726         156,620   

Camden National Corp.

     7,444         306,693   

Capital Bank Financial Corp. Class A*

     18,972         476,387   

Cardinal Financial Corp.

     27,935         498,081   

Center Bancorp, Inc.

     9,361         177,859   

Centerstate Banks, Inc.

     17,578         191,952   

Chemical Financial Corp.

     23,827         773,186   

City Holding Co.

     13,851         621,356   

CNB Financial Corp.

     11,789         208,430   

CoBiz Financial, Inc.

     32,319         372,315   

Columbia Banking System, Inc.

     27,629         787,979   

Community Bank System, Inc.

     28,873         1,126,624   

Community Trust Bancorp, Inc.

     15,162         628,920   

ConnectOne Bancorp, Inc.*

     3,134         153,441   

Customers Bancorp, Inc.*

     21,757         454,069   

Enterprise Bancorp, Inc.

     7,121         144,841   

Enterprise Financial Services Corp.

     17,294         347,091   

Farmers Capital Bank Corp.*

     7,774         174,604   

Fidelity Southern Corp.

     21,519         300,620   

Financial Institutions, Inc.

     15,156         348,891   

First Bancorp, Inc.

     8,577         139,805   

First Busey Corp.

     57,133         331,371   

First Commonwealth Financial Corp.

     64,660         584,526   

First Community Bancshares, Inc.

     16,411         268,484   

First Connecticut Bancorp, Inc.

     4,642         72,694   

First Financial Bancorp

     47,873         860,757   

First Financial Corp.

     11,527         388,229   

First Financial Holdings, Inc.

     8,763         548,739   

First Interstate BancSystem, Inc.

     38,067         1,074,251   

First Merchants Corp.

     26,244         567,920   

First Midwest Bancorp, Inc.

     58,897         1,005,961   

First NBC Bank Holding Co.*

     13,810         481,417   

Flushing Financial Corp.

     24,524         516,721   

German American Bancorp, Inc.

     11,809         341,162   

Great Southern Bancorp, Inc.

     10,915         327,777   

Hanmi Financial Corp.

     27,788         647,460   

Heartland Financial USA, Inc.

     14,625         394,729   

Heritage Financial Corp.

     9,708         164,259   

Home Federal Bancorp, Inc.

     1,966         30,591   

HomeTrust Bancshares, Inc.*

     10,188         160,767   

Horizon Bancorp

     9,976         222,265   

Hudson Valley Holding Corp.

     8,957         170,631   

Independent Bank Corp.

     18,315         721,062   

Independent Bank Group, Inc.

     6,119         359,491   

Intervest Bancshares Corp.*

     20,938         155,988   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      43   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Lakeland Bancorp, Inc.

     27,785       $ 312,581   

Lakeland Financial Corp.

     14,289         574,704   

MainSource Financial Group, Inc.

     21,230         363,033   

Mercantile Bank Corp.

     8,845         182,384   

Merchants Bancshares, Inc.

     6,656         217,052   

Metro Bancorp, Inc.*

     10,104         213,599   

MidSouth Bancorp, Inc.

     8,968         150,931   

MidWestOne Financial Group, Inc.

     7,864         198,487   

National Bank Holdings Corp. Class A

     5,650         113,396   

National Penn Bancshares, Inc.

     72,443         757,029   

NBT Bancorp, Inc.

     30,899         755,790   

NewBridge Bancorp*

     22,549         161,000   

Northrim BanCorp, Inc.

     5,578         143,299   

OFG Bancorp

     43,334         744,911   

Old National Bancorp

     92,210         1,374,851   

OmniAmerican Bancorp, Inc.

     3,692         84,141   

Pacific Continental Corp.

     11,988         164,955   

Pacific Premier Bancorp, Inc.*

     8,692         140,289   

Park National Corp.

     10,160         781,202   

Park Sterling Corp.

     25,145         167,214   

Penns Woods Bancorp, Inc.

     3,808         185,754   

Peoples Bancorp, Inc.

     10,154         251,108   

Pinnacle Financial Partners, Inc.

     24,257         909,395   

Preferred Bank/Los Angeles CA*

     12,118         314,583   

Renasant Corp.

     13,633         396,039   

Republic Bancorp, Inc. Class A

     11,829         267,335   

S&T Bancorp, Inc.

     25,970         615,489   

S.Y. Bancorp, Inc.

     11,742         371,517   

Sandy Spring Bancorp, Inc.

     22,634         565,397   

Sierra Bancorp

     9,960         158,563   

Simmons First National Corp. Class A

     10,623         395,919   

Southside Bancshares, Inc.

     18,066         566,911   

Southwest Bancorp, Inc.

     10,266         181,298   

Sterling Bancorp

     27,537         348,618   

Suffolk Bancorp*

     6,168         137,546   

Taylor Capital Group, Inc.*

     20,293         485,409   

Tompkins Financial Corp.

     10,790         528,278   

TowneBank

     20,901         324,175   

Trico Bancshares

     12,888         334,186   

Tristate Capital Holdings, Inc.*

     10,678         151,734   

Union First Market Bankshares Corp.

     35,028         890,412   

United Bankshares, Inc.

     50,660         1,551,209   

United Community Banks, Inc.*

     129,200         2,507,772   

Univest Corp. of Pennsylvania

     14,266         292,738   

ViewPoint Financial Group, Inc.

     18,796         542,265   

Washington Banking Co.

     13,368         237,683   

Washington Trust Bancorp, Inc.

     12,597         472,010   

WesBanco, Inc.

     27,424         872,906   

West Bancorp., Inc.

     12,459         189,252   

Westamerica Bancorp.

     17,785         961,813   

Wilshire Bancorp, Inc.

     64,755         718,781   
     

 

 

 
Total Banks               49,132,833   
Beverages – 0.1%      

Coca-Cola Bottling Co. Consolidated

     5,888         500,362   

Craft Brew Alliance, Inc.*

     1,277       19,500   
     

 

 

 
Total Beverages               519,862   
Biotechnology – 1.8%      

Acorda Therapeutics, Inc.*

     68,202         2,585,538   

BioSpecifics Technologies Corp.*

     2,779         72,032   

Emergent Biosolutions, Inc.*

     19,739         498,804   

Hyperion Therapeutics, Inc.*

     5,401         139,346   

Insys Therapeutics, Inc.*

     8,640         357,955   

Ligand Pharmaceuticals, Inc. Class B*

     3,089         207,766   

Organovo Holdings, Inc.*

     24,862         189,946   

PDL BioPharma, Inc.

     427,264         3,550,564   

Repligen Corp.*

     24,325         312,819   
     

 

 

 
Total Biotechnology               7,914,770   
Building Products – 0.7%      

AAON, Inc.

     17,786         495,696   

American Woodmark Corp.*

     7,067         237,875   

Apogee Enterprises, Inc.

     9,071         301,429   

Gibraltar Industries, Inc.*

     11,681         220,420   

Griffon Corp.

     9,154         109,299   

Insteel Industries, Inc.

     9,077         178,545   

Patrick Industries, Inc.*

     11,443         507,268   

PGT, Inc.*

     32,778         377,275   

Trex Co., Inc.*

     3,055         223,504   

Universal Forest Products, Inc.

     8,974         496,621   
     

 

 

 
Total Building Products               3,147,932   
Capital Markets – 1.4%      

Calamos Asset Management, Inc. Class A

     16,704         215,983   

CorEnergy Infrastructure Trust, Inc.

     4,820         32,535   

Diamond Hill Investment Group, Inc.

     2,371         311,644   

FXCM, Inc. Class A

     13,660         201,758   

Greenhill & Co., Inc.

     11,359         590,441   

HFF, Inc. Class A

     26,287         883,506   

INTL FCStone, Inc.*

     17,846         335,683   

Investment Technology Group, Inc.*

     9,966         201,313   

JMP Group, Inc.

     9,390         66,763   

Manning & Napier, Inc.

     1,211         20,309   

Oppenheimer Holdings, Inc. Class A

     11,041         309,700   

Piper Jaffray Cos.*

     12,473         571,263   

Walter Investment Management Corp.*

     74,766         2,230,270   

Westwood Holdings Group, Inc.

     4,137         259,349   
     

 

 

 
Total Capital Markets               6,230,517   
Chemicals – 2.4%      

A. Schulman, Inc.

     14,426         523,087   

American Vanguard Corp.

     27,434         593,946   

Arabian American Development Co.*

     13,597         147,527   

Calgon Carbon Corp.*

     31,719         692,426   

Chase Corp.

     3,880         122,336   

Flotek Industries, Inc.*

     34,956         973,525   

FutureFuel Corp.

     48,700         988,610   

Hawkins, Inc.

     6,231         228,927   

Innophos Holdings, Inc.

     12,736         722,131   

Innospec, Inc.

     19,525         883,116   

 

See Notes to Financial Statements.

 

44   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Intrepid Potash, Inc.*

     42,429       $ 655,952   

KMG Chemicals, Inc.

     6,926         108,600   

Koppers Holdings, Inc.

     18,039         743,748   

Landec Corp.*

     15,351         171,317   

LSB Industries, Inc.*

     3,727         139,464   

Omnova Solutions, Inc.*

     18,705         194,158   

Penford Corp.*

     4,455         63,974   

Quaker Chemical Corp.

     9,972         786,093   

Stepan Co.

     16,724         1,079,701   

Tredegar Corp.

     18,917         435,280   

Zep, Inc.

     12,024         212,825   
     

 

 

 
Total Chemicals               10,466,743   
Commercial Services & Supplies – 2.1%      

ABM Industries, Inc.

     42,823         1,230,733   

ACCO Brands Corp.*

     23,598         145,364   

Brink’s Co. (The)

     49,414         1,410,770   

CECO Environmental Corp.

     8,441         140,036   

Courier Corp.

     8,891         136,921   

EnerNOC, Inc.*

     13,469         300,089   

Ennis, Inc.

     24,240         401,657   

Fuel Tech, Inc.*

     6,972         34,860   

G&K Services, Inc. Class A

     10,969         670,974   

Heritage-Crystal Clean, Inc.*

     1,424         25,817   

InnerWorkings, Inc.*

     109,763         840,785   

Interface, Inc.

     28,307         581,709   

Intersections, Inc.

     8,190         48,321   

Kimball International, Inc. Class B

     21,039         381,016   

Knoll, Inc.

     31,466         572,366   

McGrath RentCorp

     15,683         548,278   

Multi-Color Corp.

     12,078         422,730   

Performant Financial Corp.*

     46,642         422,110   

SP Plus Corp.*

     638         16,760   

Team, Inc.*

     10,515         450,673   

U.S. Ecology, Inc.

     11,161         414,296   

Viad Corp.

     3,214         77,265   
     

 

 

 
Total Commercial Services & Supplies               9,273,530   
Communications Equipment – 0.9%      

ADTRAN, Inc.

     16,893         412,358   

Bel Fuse, Inc. Class B

     4,347         95,199   

Black Box Corp.

     15,074         366,901   

CalAmp Corp.*

     23,509         655,196   

Clearfield, Inc.*

     3,344         77,213   

Comtech Telecommunications Corp.

     7,222         230,093   

Digi International, Inc.*

     7,463         75,750   

Harmonic, Inc.*

     57,586         411,164   

Ixia*

     20,741         259,263   

KVH Industries, Inc.*

     7,015         92,317   

NETGEAR, Inc.*

     28,303         954,660   

Numerex Corp. Class A*

     1,600         17,488   

Oplink Communications, Inc.*

     7,623         136,909   

Ruckus Wireless, Inc.*

     2,700         32,832   

TESSCO Technologies, Inc.

     6,209         231,968   
     

 

 

 
Total Communications Equipment               4,049,311   
Construction & Engineering – 1.4%      

Aegion Corp.*

     29,620       749,682   

Ameresco, Inc. Class A*

     10,392         78,564   

Argan, Inc.

     15,618         464,323   

Comfort Systems USA, Inc.

     18,288         278,709   

Dycom Industries, Inc.*

     20,753         656,002   

Furmanite Corp.*

     18,553         182,190   

MYR Group, Inc.*

     19,803         501,412   

Northwest Pipe Co.*

     8,222         297,308   

Pike Corp.*

     38,297         412,076   

Primoris Services Corp.

     30,946         927,761   

Tutor Perini Corp.*

     58,092         1,665,498   
     

 

 

 
Total Construction & Engineering               6,213,525   
Construction Materials – 0.1%      

Headwaters, Inc.*

     12,369         163,394   

United States Lime & Minerals, Inc.

     3,903         219,739   
     

 

 

 
Total Construction Materials               383,133   
Consumer Finance – 1.5%      

Cash America International, Inc.

     57,241         2,216,371   

Encore Capital Group, Inc.*

     22,201         1,014,586   

EZCORP, Inc. Class A*

     116,639         1,258,535   

Green Dot Corp. Class A*

     21,492         419,739   

Regional Management Corp.*

     11,446         282,258   

World Acceptance Corp.*

     16,913         1,269,828   
     

 

 

 
Total Consumer Finance               6,461,317   
Containers & Packaging – 0.1%      

AEP Industries, Inc.*

     4,258         157,972   

Myers Industries, Inc.

     22,317         444,555   
     

 

 

 
Total Containers & Packaging               602,527   
Distributors – 0.2%      

Core-Mark Holding Co., Inc.

     7,075         513,645   

VOXX International Corp.*

     20,147         275,611   

Weyco Group, Inc.

     6,653         179,764   
     

 

 

 
Total Distributors               969,020   
Diversified Consumer Services – 1.2%      

American Public Education, Inc.*

     14,860         521,289   

Bridgepoint Education, Inc.*

     52,837         786,743   

Capella Education Co.

     7,073         446,660   

Carriage Services, Inc.

     12,211         222,729   

Collectors Universe, Inc.

     6,033         113,541   

Corinthian Colleges, Inc.*

     16,981         23,434   

ITT Educational Services, Inc.*

     31,792         911,794   

K12, Inc.*

     10,734         243,125   

LifeLock, Inc.*

     2,779         47,549   

Matthews International Corp. Class A

     19,560         798,243   

Strayer Education, Inc.*

     21,497         998,106   

Universal Technical Institute, Inc.

     5,193         67,249   
     

 

 

 
Total Diversified Consumer Services               5,180,462   
Diversified Financial Services – 0.8%      

Gain Capital Holdings, Inc.

     42,717         461,771   

Interactive Brokers Group, Inc. Class A

     24,272         525,974   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      45   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Marlin Business Services Corp.

     8,711       $ 181,276   

NewStar Financial, Inc.*

     21,266         294,747   

PHH Corp.*

     86,454         2,233,971   
     

 

 

 
Total Diversified Financial Services               3,697,739   
Diversified Telecommunication Services – 0.9%      

8x8, Inc.*

     9,128         98,674   

Atlantic Tele-Network, Inc.

     6,078         400,662   

Consolidated Communications Holdings, Inc.

     20,363         407,463   

General Communication, Inc. Class A*

     24,309         277,366   

Inteliquent, Inc.

     19,170         278,540   

Iridium Communications, Inc.*

     141,507         1,062,717   

Lumos Networks Corp.

     9,270         123,940   

Premiere Global Services, Inc.*

     38,470         463,948   

Vonage Holdings Corp.*

     160,710         686,232   
     

 

 

 
Total Diversified Telecommunication Services               3,799,542   
Electric Utilities – 1.0%      

El Paso Electric Co.

     39,063         1,395,721   

Empire District Electric Co. (The)

     37,915         922,093   

MGE Energy, Inc.

     28,681         1,125,156   

Otter Tail Corp.

     27,227         838,319   

Unitil Corp.

     9,653         317,004   
     

 

 

 
Total Electric Utilities               4,598,293   
Electrical Equipment – 0.7%      

AZZ, Inc.

     15,596         696,829   

Encore Wire Corp.

     11,493         557,525   

Global Power Equipment Group, Inc.

     11,024         219,267   

GrafTech International Ltd.*

     47,307         516,593   

LSI Industries, Inc.

     3,245         26,577   

Orion Energy Systems, Inc.*

     5,696         41,296   

Powell Industries, Inc.

     6,971         451,721   

PowerSecure International, Inc.*

     6,848         160,517   

Preformed Line Products Co.

     4,362         299,015   

Thermon Group Holdings, Inc.*

     8,914         206,627   
     

 

 

 
Total Electrical Equipment               3,175,967   
Electronic Equipment, Instruments & Components – 3.3%   

Agilysys, Inc.*

     1,534         20,556   

Audience, Inc.*

     10,164         127,050   

Badger Meter, Inc.

     6,383         351,703   

Benchmark Electronics, Inc.*

     39,202         887,925   

Coherent, Inc.*

     13,124         857,653   

Daktronics, Inc.

     21,006         302,276   

Electro Rent Corp.

     17,365         305,450   

FARO Technologies, Inc.*

     5,371         284,663   

II-VI, Inc.*

     37,081         572,160   

Insight Enterprises, Inc.*

     43,444         1,090,879   

InvenSense, Inc.*

     45,790         1,083,849   

Itron, Inc.*

     8,159         289,971   

Key Tronic Corp.*

     10,460         108,993   

Maxwell Technologies, Inc.*

     23,369         301,927   

Measurement Specialties, Inc.*

     8,648         586,767   

Mesa Laboratories, Inc.

     1,604         144,761   

Methode Electronics, Inc.

     14,801         453,799   

MTS Systems Corp.

     12,215       836,605   

OSI Systems, Inc.*

     12,233         732,267   

Park Electrochemical Corp.

     11,348         338,965   

PC Connection, Inc.

     13,499         274,300   

PCM, Inc.*

     8,749         85,565   

Plexus Corp.*

     27,237         1,091,387   

RF Industries Ltd.

     7,265         47,368   

Rofin-Sinar Technologies, Inc.*

     19,498         467,172   

Rogers Corp.*

     7,830         488,749   

Sanmina Corp.*

     56,295         982,348   

ScanSource, Inc.*

     18,141         739,609   

TTM Technologies, Inc.*

     23,285         196,758   

Universal Display Corp.*

     8,811         281,159   

Vishay Precision Group, Inc.*

     8,119         141,108   

Zygo Corp.*

     5,073         77,059   
     

 

 

 
Total Electronic Equipment, Instruments & Components         14,550,801   
Energy Equipment & Services – 1.5%      

Bolt Technology Corp.

     4,976         98,376   

C&J Energy Services, Inc.*

     56,840         1,657,454   

Dawson Geophysical Co.

     4,544         127,277   

Era Group, Inc.*

     8,380         245,618   

Geospace Technologies Corp.*

     10,600         701,402   

Gulf Island Fabrication, Inc.

     1,507         32,566   

Gulfmark Offshore, Inc. Class A

     10,814         485,981   

Hercules Offshore, Inc.*

     151,278         694,366   

Key Energy Services, Inc.*

     10,174         94,008   

Matrix Service Co.*

     16,977         573,483   

Mitcham Industries, Inc.*

     7,362         102,626   

Natural Gas Services Group, Inc.*

     7,097         213,904   

Newpark Resources, Inc.*

     74,242         850,071   

Parker Drilling Co.*

     9,442         66,944   

PHI, Inc.*

     11,539         510,485   

RigNet, Inc.*

     4,780         257,307   

TETRA Technologies, Inc.*

     4,421         56,589   

TGC Industries, Inc.*

     6,344         37,747   
     

 

 

 
Total Energy Equipment & Services               6,806,204   
Food & Staples Retailing – 0.6%      

Andersons, Inc. (The)

     17,069         1,011,167   

Chefs’ Warehouse, Inc. (The)*

     8,759         187,443   

Ingles Markets, Inc. Class A

     8,419         200,540   

Natural Grocers by Vitamin Cottage, Inc.*

     3,999         174,596   

Roundy’s, Inc.

     49,861         343,044   

Spartan Stores, Inc.

     15,079         349,984   

Susser Holdings Corp.*

     4,212         263,124   

Village Super Market, Inc. Class A

     10,073         265,927   
     

 

 

 
Total Food & Staples Retailing               2,795,825   
Food Products – 1.6%      

Alico, Inc.

     2,956         111,441   

Annie’s, Inc.*

     4,114         165,342   

Boulder Brands, Inc.*

     8,012         141,171   

Calavo Growers, Inc.

     8,311         295,705   

Cal-Maine Foods, Inc.

     16,962         1,064,874   

Dean Foods Co.

     104,198         1,610,901   

 

See Notes to Financial Statements.

 

46   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Inventure Foods, Inc.*

     7,471       $ 104,445   

J&J Snack Foods Corp.

     10,469         1,004,710   

John B. Sanfilippo & Son, Inc.

     10,056         231,489   

Lifeway Foods, Inc.

     5,480         80,556   

Limoneira Co.

     3,201         72,599   

Omega Protein Corp.*

     22,320         269,402   

Post Holdings, Inc.*

     2,948         162,494   

Sanderson Farms, Inc.

     18,201         1,428,597   

Seneca Foods Corp. Class A*

     11,765         370,362   
     

 

 

 
Total Food Products               7,114,088   
Gas Utilities – 0.5%      

Chesapeake Utilities Corp.

     7,882         497,827   

Laclede Group, Inc. (The)

     17,599         829,793   

Northwest Natural Gas Co.

     19,707         867,305   
     

 

 

 
Total Gas Utilities               2,194,925   
Health Care Equipment & Supplies – 1.7%      

Abaxis, Inc.*

     7,270         282,658   

ABIOMED, Inc.*

     3,415         88,927   

Analogic Corp.

     4,885         401,107   

Anika Therapeutics, Inc.*

     7,634         313,757   

ArthroCare Corp.*

     5,928         285,670   

Atrion Corp.

     1,280         391,859   

Cantel Medical Corp.

     15,968         538,441   

CONMED Corp.

     13,294         577,624   

CryoLife, Inc.

     11,839         117,916   

Exactech, Inc.*

     8,033         181,225   

Greatbatch, Inc.*

     7,133         327,547   

ICU Medical, Inc.*

     8,463         506,764   

Integra LifeSciences Holdings Corp.*

     4,447         204,518   

Masimo Corp.*

     31,495         860,129   

Medical Action Industries, Inc.*

     4,469         31,149   

Meridian Bioscience, Inc.

     20,839         454,082   

Merit Medical Systems, Inc.*

     11,807         168,840   

Natus Medical, Inc.*

     11,620         299,796   

NuVasive, Inc.*

     4,680         179,759   

PhotoMedex, Inc.*

     24,077         381,139   

Quidel Corp.*

     8,047         219,683   

SurModics, Inc.*

     7,412         167,511   

Utah Medical Products, Inc.

     2,830         163,659   

Vascular Solutions, Inc.*

     7,498         196,373   
     

 

 

 
Total Health Care Equipment & Supplies               7,340,133   
Health Care Providers & Services – 3.3%      

Addus HomeCare Corp.*

     7,149         164,785   

Almost Family, Inc.*

     5,574         128,759   

Amedisys, Inc.*

     21,351         317,916   

AMN Healthcare Services, Inc.*

     31,700         435,558   

Amsurg Corp.*

     20,971         987,315   

Bio-Reference Labs, Inc.*

     25,186         697,149   

Chemed Corp.

     18,499         1,654,736   

Corvel Corp.*

     9,507         473,068   

Ensign Group, Inc. (The)

     4,594         200,482   

Five Star Quality Care, Inc.*

     25,079         121,884   

Hanger, Inc.*

     25,301         852,138   

IPC The Hospitalist Co., Inc.*

     9,288       455,855   

Landauer, Inc.

     3,983         180,549   

LHC Group, Inc.*

     14,543         320,819   

Magellan Health Services, Inc.*

     35,641         2,115,293   

Molina Healthcare, Inc.*

     34,597         1,299,463   

National Research Corp. Class B*

     3,580         157,090   

PharMerica Corp.*

     24,962         698,437   

Providence Service Corp. (The)*

     10,274         290,549   

Select Medical Holdings Corp.

     165,307         2,058,072   

Triple-S Management Corp. Class B*

     35,380         571,033   

U.S. Physical Therapy, Inc.

     7,004         242,128   

Universal American Corp.

     7,983         56,440   
     

 

 

 
Total Health Care Providers & Services               14,479,518   
Health Care Technology – 0.4%      

Computer Programs & Systems, Inc.

     7,200         465,120   

HealthStream, Inc.*

     3,650         97,455   

MedAssets, Inc.*

     4,210         104,029   

Omnicell, Inc.*

     13,106         375,094   

Quality Systems, Inc.

     34,098         575,574   
     

 

 

 
Total Health Care Technology               1,617,272   
Hotels, Restaurants & Leisure – 2.7%      

Biglari Holdings, Inc.*

     322         156,972   

BJ’s Restaurants, Inc.*

     13,389         437,954   

Bob Evans Farms, Inc.

     21,701         1,085,701   

Bravo Brio Restaurant Group, Inc.*

     13,291         187,536   

Churchill Downs, Inc.

     9,633         879,493   

Chuy’s Holdings, Inc.*

     4,646         200,428   

Del Frisco’s Restaurant Group, Inc.*

     9,784         272,974   

DineEquity, Inc.

     10,502         819,891   

Einstein Noah Restaurant Group, Inc.

     11,861         195,232   

Fiesta Restaurant Group, Inc.*

     4,972         226,674   

International Speedway Corp. Class A

     21,844         742,478   

Interval Leisure Group, Inc.

     35,767         934,949   

Kona Grill, Inc.*

     3,269         66,590   

Krispy Kreme Doughnuts, Inc.*

     16,795         297,775   

Marcus Corp. (The)

     21,836         364,661   

Monarch Casino & Resort, Inc.*

     12,773         236,684   

Multimedia Games Holding Co., Inc.*

     16,630         482,935   

Nathan’s Famous, Inc.*

     1,508         73,877   

Noodles & Co.*

     2,038         80,440   

Penn National Gaming, Inc.*

     139,153         1,714,365   

Popeyes Louisiana Kitchen, Inc.*

     13,280         539,699   

Red Robin Gourmet Burgers, Inc.*

     6,191         443,771   

Ruth’s Hospitality Group, Inc.

     21,723         262,631   

Sonic Corp.*

     24,723         563,437   

Speedway Motorsports, Inc.

     14,707         275,462   

Town Sports International Holdings, Inc.

     11,972         101,642   
     

 

 

 
Total Hotels, Restaurants & Leisure               11,644,251   
Household Durables – 2.9%      

Bassett Furniture Industries, Inc.

     15,568         231,185   

Cavco Industries, Inc.*

     1,793         140,661   

CSS Industries, Inc.

     9,158         247,266   

Dixie Group, Inc. (The)*

     3,223         52,922   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      47   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Ethan Allen Interiors, Inc.

     15,263       $ 388,443   

Flexsteel Industries, Inc.

     7,417         279,028   

Hooker Furniture Corp.

     7,494         117,356   

iRobot Corp.*

     7,245         297,407   

KB Home

     15,914         270,379   

La-Z-Boy, Inc.

     27,764         752,404   

Libbey, Inc.*

     16,133         419,458   

Lifetime Brands, Inc.

     9,456         168,884   

M.D.C. Holdings, Inc.

     145,944         4,127,296   

M/I Homes, Inc.*

     82,488         1,849,381   

Meritage Homes Corp.*

     55,442         2,321,911   

NACCO Industries, Inc. Class A

     6,200         336,102   

Skullcandy, Inc.*

     14,337         131,614   

TRI Pointe Homes, Inc.*

     10,277         166,796   

Universal Electronics, Inc.*

     7,744         297,292   

William Lyon Homes Class A*

     6,459         178,333   

Zagg, Inc.*

     25,579         118,175   
     

 

 

 
Total Household Durables               12,892,293   
Household Products – 0.3%      

Central Garden and Pet Co. Class A*

     22,621         187,076   

Oil-Dri Corp. of America

     5,524         190,799   

Orchids Paper Products Co.

     5,634         172,400   

WD-40 Co.

     7,606         589,998   
     

 

 

 
Total Household Products               1,140,273   
Industrial Conglomerates – 0.1%      

Raven Industries, Inc.

     15,409         504,645   
Insurance – 3.1%      

American Equity Investment Life Holding Co.

     132,537         3,130,524   

AMERISAFE, Inc.

     12,447         546,548   

Baldwin & Lyons, Inc. Class B

     12,603         331,333   

Citizens, Inc. Class A*

     6,437         47,634   

eHealth, Inc.*

     2,155         109,474   

EMC Insurance Group, Inc.

     10,121         359,599   

Employers Holdings, Inc.

     63,566         1,285,940   

HCI Group, Inc.

     17,572         639,621   

Horace Mann Educators Corp.

     43,625         1,265,125   

Infinity Property & Casualty Corp.

     3,135         212,020   

Investors Title Co.

     2,690         204,171   

National Interstate Corp.

     10,020         268,636   

Navigators Group, Inc. (The)*

     12,893         791,501   

Safety Insurance Group, Inc.

     12,992         699,619   

Selective Insurance Group, Inc.

     36,050         840,686   

Stewart Information Services Corp.

     49,121         1,725,621   

United Fire Group, Inc.

     21,673         657,776   

Universal Insurance Holdings, Inc.

     48,132         611,276   
     

 

 

 
Total Insurance               13,727,104   
Internet & Catalog Retail – 0.2%      

1-800-FLOWERS.COM, Inc. Class A*

     41,661         234,551   

Blue Nile, Inc.*

     3,121         108,611   

Nutrisystem, Inc.

     4,320         65,102   

Overstock.com, Inc.*

     11,681         230,116   

PetMed Express, Inc.

     15,695         210,470   
     

 

 

 
Total Internet & Catalog Retail               848,850   
Internet Software & Services – 1.3%      

Blucora, Inc.*

     15,222       299,721   

Constant Contact, Inc.*

     4,855         118,753   

Conversant, Inc.*

     55,740         1,569,081   

Dice Holdings, Inc.*

     62,575         466,810   

Envestnet, Inc.*

     1,380         55,448   

Liquidity Services, Inc.*

     26,833         699,000   

Monster Worldwide, Inc.*

     41,169         307,944   

Move, Inc.*

     2,701         31,224   

NIC, Inc.

     20,734         400,374   

Perficient, Inc.*

     13,097         237,318   

Reis, Inc.*

     5,949         107,379   

SPS Commerce, Inc.*

     261         16,038   

Stamps.com, Inc.*

     11,688         392,249   

Support.com, Inc.*

     31,497         80,317   

Travelzoo, Inc.*

     11,852         271,411   

United Online, Inc.

     19,922         230,298   

XO Group, Inc.*

     11,601         117,634   

Xoom Corp.*

     1,761         34,375   

Zix Corp.*

     32,071         132,774   
     

 

 

 
Total Internet Software & Services               5,568,148   
IT Services – 2.8%      

Blackhawk Network Holdings, Inc.*

     24,264         591,799   

CACI International, Inc. Class A*

     29,411         2,170,532   

Cass Information Systems, Inc.

     5,338         275,227   

Computer Task Group, Inc.

     11,835         201,077   

CSG Systems International, Inc.

     27,703         721,386   

Datalink Corp.*

     11,241         156,587   

EPAM Systems, Inc.*

     23,524         773,940   

ExlService Holdings, Inc.*

     23,085         713,557   

Forrester Research, Inc.

     5,541         198,645   

Global Cash Access Holdings, Inc.*

     33,050         226,723   

Hackett Group, Inc. (The)

     33,912         202,794   

Heartland Payment Systems, Inc.

     21,590         894,905   

Higher One Holdings, Inc.*

     28,543         206,366   

Lionbridge Technologies, Inc.*

     22,738         152,572   

ManTech International Corp. Class A

     39,366         1,157,754   

MoneyGram International, Inc.*

     33,587         592,811   

PRGX Global, Inc.*

     15,670         108,593   

Sykes Enterprises, Inc.*

     26,510         526,754   

TeleTech Holdings, Inc.*

     41,391         1,014,493   

Unisys Corp.*

     28,875         879,532   

Virtusa Corp.*

     12,401         415,558   
     

 

 

 
Total IT Services               12,181,605   
Leisure Products – 1.1%      

Arctic Cat, Inc.

     10,971         524,304   

Johnson Outdoors, Inc. Class A

     7,783         197,844   

LeapFrog Enterprises, Inc.*

     144,594         1,084,455   

Nautilus, Inc.*

     49,994         481,442   

Smith & Wesson Holding Corp.*

     97,288         1,422,351   

Sturm Ruger & Co., Inc.

     20,186         1,207,123   
     

 

 

 
Total Leisure Products               4,917,519   

 

See Notes to Financial Statements.

 

48   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Life Sciences Tools & Services – 0.3%      

Albany Molecular Research, Inc.*

     16,033       $ 298,054   

Cambrex Corp.*

     50,208         947,425   

Luminex Corp.*

     1,931         34,970   
     

 

 

 
Total Life Sciences Tools & Services               1,280,449   
Machinery – 5.1%      

Alamo Group, Inc.

     9,250         502,552   

Albany International Corp. Class A

     30,434         1,081,624   

Altra Industrial Motion Corp.

     12,161         434,148   

American Railcar Industries, Inc.

     27,196         1,904,536   

Ampco-Pittsburgh Corp.

     5,366         101,256   

Astec Industries, Inc.

     13,983         613,994   

Blount International, Inc.*

     36,830         438,277   

Briggs & Stratton Corp.

     22,975         511,194   

CIRCOR International, Inc.

     8,319         610,032   

Columbus McKinnon Corp.*

     22,262         596,399   

Douglas Dynamics, Inc.

     1,765         30,746   

Dynamic Materials Corp.

     6,706         127,682   

EnPro Industries, Inc.*

     7,967         578,962   

ESCO Technologies, Inc.

     13,187         464,051   

Federal Signal Corp.*

     136,344         2,031,526   

Global Brass & Copper Holdings, Inc.

     3,284         51,789   

Gorman-Rupp Co. (The)

     13,210         419,946   

Graham Corp.

     4,440         141,414   

Greenbrier Cos., Inc (The)*

     21,369         974,426   

Hardinge, Inc.

     10,072         145,037   

Hurco Cos., Inc.

     5,510         147,007   

Hyster-Yale Materials Handling, Inc.

     18,201         1,774,598   

John Bean Technologies Corp.

     19,238         594,454   

Kadant, Inc.

     9,406         343,037   

L.B. Foster Co. Class A

     8,617         403,706   

Lindsay Corp.

     12,124         1,069,094   

Lydall, Inc.*

     14,621         334,382   

Miller Industries, Inc.

     6,805         132,902   

Mueller Water Products, Inc. Class A

     57,101         542,460   

NN, Inc.

     15,079         297,056   

RBC Bearings, Inc.*

     10,859         691,718   

Standex International Corp.

     9,908         530,871   

Sun Hydraulics Corp.

     12,884         558,006   

Tennant Co.

     9,589         629,230   

Titan International, Inc.

     8,003         151,977   

TriMas Corp.*

     19,244         638,901   

Twin Disc, Inc.

     1,574         41,459   

Wabash National Corp.*

     135,019         1,857,861   
     

 

 

 
Total Machinery               22,498,310   
Marine – 0.2%      

International Shipholding Corp.

     1,356         39,921   

Matson, Inc.

     36,512         901,481   
     

 

 

 
Total Marine               941,402   
Media – 1.4%      

Carmike Cinemas, Inc.*

     52,285         1,561,230   

Entercom Communications Corp. Class A*

     19,443         195,791   

EW Scripps Co. Class A*

     15,677       277,796   

Gray Television, Inc.*

     12,529         129,926   

Harte-Hanks, Inc.

     65,951         583,007   

Journal Communications, Inc. Class A*

     44,295         392,454   

Lee Enterprises, Inc.*

     16,424         73,415   

National CineMedia, Inc.

     15,516         232,740   

Nexstar Broadcasting Group, Inc. Class A

     45,356         1,701,757   

Saga Communications, Inc. Class A

     2,840         141,120   

Scholastic Corp.

     18,105         624,260   

World Wrestling Entertainment, Inc. Class A

     11,240         324,611   
     

 

 

 
Total Media               6,238,107   
Metals & Mining – 1.0%      

Allied Nevada Gold Corp.*

     149,004         642,207   

AMCOL International Corp.

     9,943         455,191   

Gold Resource Corp.

     40,520         193,686   

Haynes International, Inc.

     7,107         383,778   

Kaiser Aluminum Corp.

     15,815         1,129,507   

Materion Corp.

     12,525         424,973   

Olympic Steel, Inc.

     2,087         59,897   

RTI International Metals, Inc.*

     13,774         382,642   

SunCoke Energy, Inc.*

     24,110         550,672   
     

 

 

 
Total Metals & Mining               4,222,553   
Multiline Retail – 0.2%      

Bon-Ton Stores, Inc. (The)

     8,101         88,949   

Fred’s, Inc. Class A

     23,991         432,078   

Gordmans Stores, Inc.

     29,005         158,367   
     

 

 

 
Total Multiline Retail               679,394   
Multi-Utilities – 0.4%      

Avista Corp.

     53,791         1,648,694   
Oil, Gas & Consumable Fuels – 4.2%      

Alon USA Energy, Inc.

     47,145         704,346   

Approach Resources, Inc.*

     4,869         101,811   

Cloud Peak Energy, Inc.*

     54,154         1,144,816   

Contango Oil & Gas Co.*

     5,601         267,392   

EPL Oil & Gas, Inc.*

     55,019         2,123,733   

Evolution Petroleum Corp.

     7,098         90,357   

Gastar Exploration, Inc.*

     98,427         538,396   

Green Plains Renewable Energy, Inc.

     41,971         1,257,451   

Harvest Natural Resources, Inc.*

     36,139         135,883   

Matador Resources Co.*

     6,785         166,165   

Northern Oil and Gas, Inc.*

     52,909         773,530   

Panhandle Oil and Gas, Inc. Class A

     3,782         164,933   

PBF Energy, Inc. Class A

     125,603         3,240,557   

Renewable Energy Group, Inc.*

     193,931         2,323,293   

Resolute Energy Corp.*

     3,392         24,422   

REX American Resources Corp.*

     1,519         86,659   

Rex Energy Corp.*

     7,821         146,331   

Stone Energy Corp.*

     67,789         2,845,104   

Swift Energy Co.*

     35,530         382,303   

Synergy Resources Corp.*

     16,340         175,655   

Triangle Petroleum Corp.*

     1,446         11,915   

W&T Offshore, Inc.

     73,920         1,279,555   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      49   


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Warren Resources, Inc.*

     137,692       $ 660,922   
     

 

 

 
Total Oil, Gas & Consumable Fuels               18,645,529   
Paper & Forest Products – 1.2%      

Boise Cascade Co.*

     54,136         1,550,455   

Clearwater Paper Corp.*

     11,661         730,795   

Deltic Timber Corp.

     5,410         352,894   

Neenah Paper, Inc.

     14,518         750,871   

PH Glatfelter Co.

     26,693         726,583   

Schweitzer-Mauduit International, Inc.

     31,218         1,329,575   
     

 

 

 
Total Paper & Forest Products               5,441,173   
Personal Products – 1.0%      

Elizabeth Arden, Inc.*

     16,039         473,311   

Inter Parfums, Inc.

     45,052         1,631,333   

Medifast, Inc.*

     11,474         333,779   

Nutraceutical International Corp.*

     8,247         214,339   

Revlon, Inc. Class A*

     23,005         587,778   

USANA Health Sciences, Inc.*

     14,311         1,078,191   
     

 

 

 
Total Personal Products               4,318,731   
Pharmaceuticals – 0.8%      

Auxilium Pharmaceuticals, Inc.*

     77,387         2,103,379   

Hi-Tech Pharmacal Co., Inc.*

     8,544         370,211   

Impax Laboratories, Inc.*

     9,784         258,493   

Lannett Co., Inc.*

     1,750         62,510   

Sagent Pharmaceuticals, Inc.*

     10,206         238,514   

Sciclone Pharmaceuticals, Inc.*

     32,196         146,492   

Sucampo Pharmaceuticals, Inc. Class A*

     28,598         204,476   
     

 

 

 
Total Pharmaceuticals               3,384,075   
Professional Services – 2.0%      

Barrett Business Services, Inc.

     2,838         169,060   

CBIZ, Inc.*

     42,814         392,176   

CDI Corp.

     13,221         226,740   

CRA International, Inc.*

     8,738         191,974   

Exponent, Inc.

     7,136         535,628   

Franklin Covey Co.*

     10,800         213,516   

GP Strategies Corp.*

     11,338         308,734   

Heidrick & Struggles International, Inc.

     3,130         62,819   

Huron Consulting Group, Inc.*

     14,372         910,897   

ICF International, Inc.*

     16,332         650,177   

Insperity, Inc.

     16,527         512,007   

Kelly Services, Inc. Class A

     30,968         734,871   

Kforce, Inc.

     18,745         399,643   

Korn/Ferry International*

     14,652         436,190   

Mistras Group, Inc.*

     16,266         370,377   

Navigant Consulting, Inc.*

     39,926         745,019   

Resources Connection, Inc.

     19,205         270,598   

RPX Corp.*

     37,191         605,470   

TrueBlue, Inc.*

     21,717         635,439   

VSE Corp.

     4,745         250,062   
     

 

 

 
Total Professional Services               8,621,397   
Real Estate Investment Trusts (REITs) – 2.5%      

Acadia Realty Trust

     17,549         462,943   

Agree Realty Corp.

     8,930         271,561   

Alexander’s, Inc.

     1,712       618,015   

American Assets Trust, Inc.

     6,298         212,494   

AmREIT, Inc.

     3,961         65,634   

Armada Hoffler Properties, Inc.

     10,427         104,687   

Associated Estates Realty Corp.

     5,072         85,920   

Aviv REIT, Inc.

     3,861         94,401   

Campus Crest Communities, Inc.

     12,477         108,300   

Cedar Realty Trust, Inc.

     31,042         189,667   

Chatham Lodging Trust

     257         5,196   

Chesapeake Lodging Trust

     18,901         486,323   

CoreSite Realty Corp.

     3,971         123,101   

DuPont Fabros Technology, Inc.

     9,532         229,435   

Education Realty Trust, Inc.

     4,656         45,955   

Franklin Street Properties Corp.

     21,332         268,783   

Getty Realty Corp.

     16,581         313,215   

Government Properties Income Trust

     31,825         801,990   

Hersha Hospitality Trust

     15,713         91,607   

Inland Real Estate Corp.

     145,032         1,530,088   

Investors Real Estate Trust

     11,037         99,112   

LTC Properties, Inc.

     18,970         713,841   

Monmouth Real Estate Investment Corp. Class A

     17,313         165,166   

One Liberty Properties, Inc.

     7,450         158,834   

Potlatch Corp.

     22,901         886,040   

Ramco-Gershenson Properties Trust

     6,482         105,657   

Retail Opportunity Investments Corp.

     8,898         132,936   

Sabra Health Care REIT, Inc.

     10,824         301,881   

Saul Centers, Inc.

     2,269         107,460   

Select Income REIT

     44,958         1,360,879   

Sun Communities, Inc.

     2,834         127,785   

UMH Properties, Inc.

     2,026         19,814   

Universal Health Realty Income Trust

     4,819         203,554   

Urstadt Biddle Properties, Inc. Class A

     4,763         98,404   

Washington Real Estate Investment Trust

     2,684         64,094   

Whitestone REIT

     1,540         22,238   

Winthrop Realty Trust

     15,502         179,668   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               10,856,678   
Real Estate Management & Development – 0.1%      

Consolidated-Tomoka Land Co.

     562         22,637   

Forestar Group, Inc.*

     18,799         334,622   

Tejon Ranch Co.*

     2,289         77,437   
     

 

 

 
Total Real Estate Management & Development               434,696   
Road & Rail – 1.0%      

Celadon Group, Inc.

     17,175         412,887   

Heartland Express, Inc.

     38,084         864,126   

Knight Transportation, Inc.

     48,650         1,125,275   

Marten Transport Ltd.

     22,292         479,724   

Quality Distribution, Inc.*

     16,388         212,880   

Roadrunner Transportation Systems, Inc.*

     26,260         662,802   

Saia, Inc.*

     17,735         677,654   
     

 

 

 
Total Road & Rail               4,435,348   
Semiconductors & Semiconductor Equipment – 3.5%      

Advanced Energy Industries, Inc.*

     2,171         53,189   

Amkor Technology, Inc.*

     264,799         1,816,521   

 

See Notes to Financial Statements.

 

50   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

ATMI, Inc.*

     18,074       $ 614,697   

Brooks Automation, Inc.

     4,342         47,458   

Cabot Microelectronics Corp.*

     16,319         718,036   

Ceva, Inc.*

     5,995         105,272   

Cirrus Logic, Inc.*

     105,615         2,098,570   

Diodes, Inc.*

     13,557         354,109   

DSP Group, Inc.*

     1,840         15,897   

Entegris, Inc.*

     83,260         1,008,279   

Exar Corp.*

     10,478         125,212   

GSI Technology, Inc.*

     3,512         24,268   

Integrated Device Technology, Inc.*

     11,322         138,468   

Integrated Silicon Solution, Inc.*

     12,933         201,108   

IXYS Corp.

     4,936         56,024   

Lattice Semiconductor Corp.*

     23,377         183,276   

MA-COM Technology Solutions Holdings, Inc.*

     14,927         306,750   

Micrel, Inc.

     15,915         176,338   

MKS Instruments, Inc.

     8,652         258,608   

Monolithic Power Systems, Inc.*

     6,952         269,529   

OmniVision Technologies, Inc.*

     54,711         968,385   

PDF Solutions, Inc.*

     21,731         394,852   

Peregrine Semiconductor Corp.*

     13,429         81,245   

Photronics, Inc.*

     26,509         226,122   

PLX Technology, Inc.*

     14,583         88,227   

Power Integrations, Inc.

     13,173         866,520   

Rudolph Technologies, Inc.*

     37,641         429,484   

Silicon Image, Inc.*

     32,132         221,711   

Silicon Laboratories, Inc.*

     18,183         950,062   

Supertex, Inc.*

     5,106         168,396   

Synaptics, Inc.*

     35,998         2,160,600   

Ultra Clean Holdings, Inc.*

     4,684         61,595   

Ultratech, Inc.*

     10,206         297,913   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         15,486,721   
Software – 1.8%      

Actuate Corp.*

     13,165         79,253   

American Software, Inc. Class A

     13,485         137,142   

Aware, Inc.*

     13,329         77,175   

Blackbaud, Inc.

     8,820         276,066   

Digimarc Corp.

     1,647         51,716   

Document Security Systems, Inc.*

     43,173         55,261   

Ebix, Inc.

     61,779         1,054,568   

Ellie Mae, Inc.*

     7,406         213,589   

EPIQ Systems, Inc.

     13,129         178,948   

ePlus, Inc.*

     8,071         450,039   

Interactive Intelligence Group, Inc.*

     1,705         123,613   

MicroStrategy, Inc. Class A*

     2,182         251,781   

Monotype Imaging Holdings, Inc.

     14,358         432,750   

Netscout Systems, Inc.*

     20,003         751,713   

Progress Software Corp.*

     20,025         436,545   

PROS Holdings, Inc.*

     1,949         61,413   

Qualys, Inc.*

     1,492         37,942   

SeaChange International, Inc.*

     6,382         66,628   

Synchronoss Technologies, Inc.*

     6,794         232,966   

Tangoe, Inc.*

     4,142         77,000   

TeleCommunication Systems, Inc. Class A*

     36,717       84,449   

Telenav, Inc.*

     9,475         56,471   

TiVo, Inc.*

     206,057         2,726,134   
     

 

 

 
Total Software               7,913,162   
Specialty Retail – 4.3%      

America’s Car-Mart, Inc.*

     10,416         382,475   

ANN, Inc.*

     38,054         1,578,480   

Asbury Automotive Group, Inc.*

     25,753         1,424,398   

Big 5 Sporting Goods Corp.

     21,278         341,512   

Brown Shoe Co., Inc.

     23,910         634,571   

Cato Corp. (The) Class A

     26,170         707,637   

Children’s Place Retail Stores, Inc. (The)

     14,512         722,843   

Destination Maternity Corp.

     11,293         309,428   

Finish Line, Inc. (The) Class A

     35,033         949,044   

Francesca’s Holdings Corp.*

     40,003         725,654   

Group 1 Automotive, Inc.

     19,946         1,309,654   

Haverty Furniture Cos., Inc.

     13,997         415,711   

hhgregg, Inc.*

     29,031         278,988   

Hibbett Sports, Inc.*

     15,896         840,580   

Jos. A. Bank Clothiers, Inc.*

     15,766         1,013,754   

Kirkland’s, Inc.*

     9,889         182,848   

MarineMax, Inc.*

     2,797         42,486   

Mattress Firm Holding Corp.*

     15,617         746,961   

Monro Muffler Brake, Inc.

     12,235         695,927   

New York & Co., Inc.*

     16,882         74,112   

Pep Boys-Manny Moe & Jack (The)*

     6,587         83,787   

Select Comfort Corp.*

     43,289         782,665   

Shoe Carnival, Inc.

     14,204         327,260   

Sonic Automotive, Inc. Class A

     49,237         1,106,848   

Stage Stores, Inc.

     17,855         436,555   

Stein Mart, Inc.

     32,000         448,320   

Tilly’s, Inc. Class A*

     18,578         217,363   

Vitamin Shoppe, Inc.*

     17,725         842,292   

West Marine, Inc.*

     9,648         109,698   

Winmark Corp.

     2,657         201,029   

Zale Corp.*

     10,258         214,495   

Zumiez, Inc.*

     24,044         582,826   
     

 

 

 
Total Specialty Retail               18,730,201   
Technology Hardware, Storage & Peripherals – 0.3%      

Immersion Corp.*

     4,844         51,104   

QLogic Corp.*

     65,021         829,018   

Super Micro Computer, Inc.*

     23,796         413,337   
     

 

 

 
Total Technology Hardware, Storage & Peripherals         1,293,459   
Textiles, Apparel & Luxury Goods – 1.5%      

Charles & Colvard Ltd.*

     6,997         20,011   

Crocs, Inc.*

     85,576         1,334,986   

Culp, Inc.

     9,064         178,923   

Delta Apparel, Inc.*

     4,661         76,254   

G-III Apparel Group Ltd.*

     12,754         912,931   

Jones Group, Inc. (The)

     18,283         273,697   

Movado Group, Inc.

     16,025         729,939   

Oxford Industries, Inc.

     7,486         585,405   

Perry Ellis International, Inc.*

     6,268         86,122   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      51   


Table of Contents

Schedule of Investments (concluded)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

R.G. Barry Corp.

     9,511       $ 179,568   

Rocky Brands, Inc.

     7,349         105,752   

Tumi Holdings, Inc.*

     31,448         711,668   

Unifi, Inc.*

     12,293         283,600   

Vera Bradley, Inc.*

     40,608         1,096,010   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               6,574,866   
Thrifts & Mortgage Finance – 2.5%      

Astoria Financial Corp.

     63,964         883,982   

Bank Mutual Corp.

     22,209         140,805   

Beneficial Mutual Bancorp, Inc.*

     17,862         235,600   

Berkshire Hills Bancorp, Inc.

     20,641         534,189   

BofI Holding, Inc.*

     7,633         654,530   

Brookline Bancorp, Inc.

     59,836         563,655   

Dime Community Bancshares, Inc.

     28,205         478,921   

First Defiance Financial Corp.

     10,711         290,482   

First Financial Northwest, Inc.

     24,066         244,270   

Fox Chase Bancorp, Inc.

     4,548         76,634   

Franklin Financial Corp.*

     6,185         120,979   

Heritage Financial Group, Inc.

     4,949         97,248   

HomeStreet, Inc.

     19,474         380,717   

Kearny Financial Corp.*

     10,481         154,909   

Meridian Interstate Bancorp, Inc.*

     7,403         189,295   

Meta Financial Group, Inc.

     4,446         199,403   

Northfield Bancorp, Inc.

     18,337         235,814   

Northwest Bancshares, Inc.

     63,002         919,829   

OceanFirst Financial Corp.

     14,752         260,963   

Oritani Financial Corp.

     35,997         569,113   

PennyMac Financial Services, Inc. Class A*

     5,818         96,812   

Provident Financial Holdings, Inc.

     17,394         268,215   

Provident Financial Services, Inc.

     52,380         962,221   

Rockville Financial, Inc.

     16,188         219,995   

Territorial Bancorp, Inc.

     8,703         187,985   

Tree.com, Inc.*

     227         7,046   

TrustCo Bank Corp.

     76,823         540,834   

United Community Financial Corp.*

     19,095         74,852   

United Financial Bancorp, Inc.

     6,724         123,654   

Walker & Dunlop, Inc.*

     37,267         609,315   

Westfield Financial, Inc.

     11,701         87,172   

WSFS Financial Corp.

     7,487         534,796   
     

 

 

 
Total Thrifts & Mortgage Finance               10,944,235   
Tobacco – 0.3%      

Universal Corp.

     22,054         1,232,598   
Trading Companies & Distributors – 1.2%      

Aceto Corp.

     18,908         379,862   

CAI International, Inc.*

     36,397         897,914   

DXP Enterprises, Inc.*

     7,548         716,532   

H&E Equipment Services, Inc.*

     19,895         804,753   

Houston Wire & Cable Co.

     17,035         223,669   

Kaman Corp.

     21,815         887,434   

Rush Enterprises, Inc. Class A*

     24,393         792,285   

Titan Machinery, Inc.*

     29,229         458,018   
     

 

 

 
Total Trading Companies & Distributors               5,160,467   
Water Utilities – 0.7%      

American States Water Co.

     30,191       974,867   

Artesian Resources Corp. Class A

     5,034         113,064   

California Water Service Group

     36,947         884,511   

Connecticut Water Service, Inc.

     7,771         265,535   

Middlesex Water Co.

     12,631         275,609   

SJW Corp.

     12,702         375,471   

York Water Co.

     6,210         126,684   
     

 

 

 
Total Water Utilities               3,015,741   
Wireless Telecommunication Services – 0.3%      

Boingo Wireless, Inc.*

     2,070         14,035   

NTELOS Holdings Corp.

     18,474         249,399   

Shenandoah Telecommunications Co.

     20,990         677,767   

USA Mobility, Inc.

     22,860         415,366   
     

 

 

 
Total Wireless Telecommunication Services               1,356,567   
TOTAL COMMON STOCKS
(Cost: $387,345,801)
              438,639,019   
EXCHANGE-TRADED FUNDS – 0.1%      
WisdomTree MidCap Earnings Fund(a)
(Cost: $450,599)
     6,759         600,672   
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $387,796,400)
        439,239,691   

Cash and Other Assets in Excess of Liabilities – 0.1%

  

     331,372   
     

 

 

 
NET ASSETS – 100.0%             $ 439,571,063   
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 8).

 

See Notes to Financial Statements.

 

52   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments

WisdomTree LargeCap Value Fund (EZY)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
UNITED STATES – 99.9%      
COMMON STOCKS – 99.7%      
Aerospace & Defense – 2.2%      

Alliant Techsystems, Inc.

     342       $ 48,615   

B/E Aerospace, Inc.*

     510         44,263   

DigitalGlobe, Inc.*

     186         5,396   

Huntington Ingalls Industries, Inc.

     249         25,463   

L-3 Communications Holdings, Inc.

     879         103,854   

Northrop Grumman Corp.

     2,485         306,599   

Teledyne Technologies, Inc.*

     206         20,050   

Triumph Group, Inc.

     328         21,182   
     

 

 

 
Total Aerospace & Defense               575,422   
Airlines – 1.4%      

Alaska Air Group, Inc.

     467         43,576   

Allegiant Travel Co.

     77         8,619   

American Airlines Group, Inc.*

     2,867         104,932   

JetBlue Airways Corp.*

     1,480         12,861   

Southwest Airlines Co.

     4,095         96,683   

Spirit Airlines, Inc.*

     325         19,305   

United Continental Holdings, Inc.*

     1,732         77,299   
     

 

 

 
Total Airlines               363,275   
Auto Components – 1.5%      

Dana Holding Corp.

     1,762         41,002   

Lear Corp.

     2,248         188,203   

TRW Automotive Holdings Corp.*

     1,907         155,649   
     

 

 

 
Total Auto Components               384,854   
Automobiles – 0.1%      

Thor Industries, Inc.

     346         21,127   
Banks – 8.7%      

Bank of America Corp.

     41,716         717,515   

CapitalSource, Inc.

     3,951         57,645   

Citigroup, Inc.

     24,077         1,146,065   

Popular, Inc.*

     715         22,158   

Regions Financial Corp.

     10,279         114,200   

SunTrust Banks, Inc.

     5,182         206,192   

TCF Financial Corp.

     1,684         28,055   
     

 

 

 
Total Banks               2,291,830   
Beverages – 0.6%      

Coca-Cola Enterprises, Inc.

     1,855         88,595   

Constellation Brands, Inc. Class A*

     911         77,407   
     

 

 

 
Total Beverages               166,002   
Biotechnology – 3.2%      

Amgen, Inc.

     3,990         492,127   

Gilead Sciences, Inc.*

     5,004         354,583   
     

 

 

 
Total Biotechnology               846,710   
Building Products – 0.2%      

A.O. Smith Corp.

     337         15,509   

Fortune Brands Home & Security, Inc.

     376         15,822   

Lennox International, Inc.

     210         19,091   

Masco Corp.

     555         12,326   
     

 

 

 
Total Building Products               62,748   
Capital Markets – 1.3%      

Ameriprise Financial, Inc.

     1,136       125,039   

Raymond James Financial, Inc.

     664         37,138   

State Street Corp.

     2,556         177,770   
     

 

 

 
Total Capital Markets               339,947   
Chemicals – 3.0%      

Ashland, Inc.

     254         25,268   

Axiall Corp.

     237         10,646   

Chemtura Corp.*

     700         17,703   

Eastman Chemical Co.

     944         81,382   

Ecolab, Inc.

     1,046         112,958   

H.B. Fuller Co.

     302         14,581   

Huntsman Corp.

     2,859         69,817   

NewMarket Corp.

     84         32,826   

Olin Corp.

     633         17,477   

PolyOne Corp.

     321         11,768   

PPG Industries, Inc.

     779         150,705   

Rockwood Holdings, Inc.

     648         48,211   

RPM International, Inc.

     684         28,619   

Sherwin-Williams Co. (The)

     373         73,529   

Valspar Corp.

     469         33,824   

Westlake Chemical Corp.

     836         55,326   
     

 

 

 
Total Chemicals               784,640   
Commercial Services & Supplies – 0.3%      

Deluxe Corp.

     427         22,405   

Iron Mountain, Inc.

     540         14,888   

KAR Auction Services, Inc.

     392         11,897   

Steelcase, Inc. Class A

     948         15,746   

Tetra Tech, Inc.*

     362         10,711   

UniFirst Corp.

     102         11,214   
     

 

 

 
Total Commercial Services & Supplies               86,861   
Communications Equipment – 0.2%      

ARRIS Group, Inc.*

     364         10,258   

EchoStar Corp. Class A*

     543         25,825   

InterDigital, Inc.

     612         20,263   
     

 

 

 
Total Communications Equipment               56,346   
Construction & Engineering – 1.0%      

AECOM Technology Corp.*

     819         26,347   

EMCOR Group, Inc.

     339         15,862   

Fluor Corp.

     1,351         105,013   

Jacobs Engineering Group, Inc.*

     703         44,641   

MasTec, Inc.*

     421         18,288   

Quanta Services, Inc.*

     946         34,908   

URS Corp.

     651         30,636   
     

 

 

 
Total Construction & Engineering               275,695   
Construction Materials – 0.0%      

Eagle Materials, Inc.

     95         8,423   
Consumer Finance – 1.2%      

Discover Financial Services

     4,029         234,447   

Portfolio Recovery Associates, Inc.*

     232         13,424   

SLM Corp.

     2,725         66,708   
     

 

 

 
Total Consumer Finance               314,579   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      53   


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Containers & Packaging – 1.0%      

Avery Dennison Corp.

     517       $ 26,196   

Bemis Co., Inc.

     550         21,582   

Graphic Packaging Holding Co.*

     1,910         19,405   

MeadWestvaco Corp.

     626         23,563   

Owens-Illinois, Inc.*

     1,625         54,974   

Packaging Corp. of America

     200         14,074   

Rock-Tenn Co. Class A

     373         39,378   

Sealed Air Corp.

     2,062         67,778   
     

 

 

 
Total Containers & Packaging               266,950   
Distributors – 0.4%      

Genuine Parts Co.

     765         66,440   

LKQ Corp.*

     1,045         27,536   

Pool Corp.

     161         9,873   
     

 

 

 
Total Distributors               103,849   
Diversified Consumer Services – 0.3%      

Graham Holdings Co. Class B

     36         25,335   

H&R Block, Inc.

     1,336         40,334   

Service Corp. International

     1,041         20,695   
     

 

 

 
Total Diversified Consumer Services               86,364   
Diversified Financial Services – 5.1%      

Berkshire Hathaway, Inc. Class B*

     10,352         1,293,689   

NASDAQ OMX Group, Inc. (The)

     1,172         43,294   
     

 

 

 
Total Diversified Financial Services               1,336,983   
Diversified Telecommunication Services – 1.0%      

Verizon Communications, Inc.

     5,248         249,647   
Electric Utilities – 1.3%      

American Electric Power Co., Inc.

     2,873         145,546   

Edison International

     2,463         139,431   

OGE Energy Corp.

     907         33,341   

PNM Resources, Inc.

     391         10,569   

Portland General Electric Co.

     418         13,518   

UNS Energy Corp.

     163         9,785   
     

 

 

 
Total Electric Utilities               352,190   
Electrical Equipment – 0.2%      

EnerSys

     373         25,845   

Generac Holdings, Inc.

     278         16,394   

General Cable Corp.

     128         3,278   

Regal-Beloit Corp.

     247         17,959   
     

 

 

 
Total Electrical Equipment               63,476   
Electronic Equipment, Instruments & Components – 0.3%   

Belden, Inc.

     258         17,957   

Ingram Micro, Inc. Class A*

     1,651         48,803   
     

 

 

 
Total Electronic Equipment, Instruments & Components         66,760   
Energy Equipment & Services – 1.9%      

Bristow Group, Inc.

     199         15,028   

Dresser-Rand Group, Inc.*

     303         17,698   

Halliburton Co.

     6,758         397,979   

Patterson-UTI Energy, Inc.

     1,189         37,668   

RPC, Inc.

     1,735         35,429   
     

 

 

 
Total Energy Equipment & Services               503,802   
Food & Staples Retailing – 10.4%      

Costco Wholesale Corp.

     1,647       183,937   

CVS Caremark Corp.

     6,549         490,258   

Kroger Co. (The)

     3,651         159,366   

Safeway, Inc.

     1,709         63,130   

Sysco Corp.

     2,838         102,537   

Walgreen Co.

     4,017         265,243   

Wal-Mart Stores, Inc.

     19,153         1,463,864   
     

 

 

 
Total Food & Staples Retailing               2,728,335   
Food Products – 2.4%      

Archer-Daniels-Midland Co.

     4,353         188,877   

Campbell Soup Co.

     1,652         74,142   

ConAgra Foods, Inc.

     1,735         53,837   

Flowers Foods, Inc.

     629         13,492   

Hain Celestial Group, Inc. (The)*

     155         14,178   

Hormel Foods Corp.

     1,097         54,049   

Ingredion, Inc.

     570         38,806   

McCormick & Co., Inc.

     521         37,376   

Seaboard Corp.*

     9         23,593   

Tyson Foods, Inc. Class A

     2,941         129,433   
     

 

 

 
Total Food Products               627,783   
Gas Utilities – 0.2%      

Atmos Energy Corp.

     433         20,407   

UGI Corp.

     626         28,552   
     

 

 

 
Total Gas Utilities               48,959   
Health Care Equipment & Supplies – 3.9%      

Abbott Laboratories

     21,635         833,164   

Boston Scientific Corp.*

     8,844         119,571   

CareFusion Corp.*

     1,075         43,236   

STERIS Corp.

     272         12,988   

Teleflex, Inc.

     173         18,553   

West Pharmaceutical Services, Inc.

     268         11,805   
     

 

 

 
Total Health Care Equipment & Supplies               1,039,317   
Health Care Providers & Services – 3.2%      

Air Methods Corp.*

     165         8,816   

AmerisourceBergen Corp.

     1,176         77,134   

Cigna Corp.

     2,551         213,595   

Community Health Systems, Inc.*

     872         34,156   

DaVita HealthCare Partners, Inc.*

     946         65,132   

HealthSouth Corp.

     526         18,899   

Henry Schein, Inc.*

     401         47,867   

LifePoint Hospitals, Inc.*

     283         15,438   

McKesson Corp.

     1,316         232,366   

Omnicare, Inc.

     749         44,693   

Team Health Holdings, Inc.*

     237         10,606   

Tenet Healthcare Corp.*

     478         20,463   

Universal Health Services, Inc. Class B

     624         51,212   
     

 

 

 
Total Health Care Providers & Services               840,377   
Hotels, Restaurants & Leisure – 0.5%      

Brinker International, Inc.

     379         19,878   

Cheesecake Factory, Inc. (The)

     242         11,526   

Cracker Barrel Old Country Store, Inc.

     132         12,836   

 

See Notes to Financial Statements.

 

54   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Penn National Gaming, Inc.*

     325       $ 4,004   

Six Flags Entertainment Corp.

     720         28,908   

Vail Resorts, Inc.

     38         2,649   

Wyndham Worldwide Corp.

     734         53,751   
     

 

 

 
Total Hotels, Restaurants & Leisure               133,552   
Household Durables – 1.7%      

D.R. Horton, Inc.

     3,980         86,167   

Jarden Corp.*

     639         38,231   

Leggett & Platt, Inc.

     687         22,424   

Lennar Corp. Class A

     1,651         65,413   

Mohawk Industries, Inc.*

     215         29,236   

Newell Rubbermaid, Inc.

     1,767         52,833   

NVR, Inc.*

     16         18,352   

PulteGroup, Inc.

     1,243         23,853   

Toll Brothers, Inc.*

     1,392         49,973   

Whirlpool Corp.

     487         72,787   
     

 

 

 
Total Household Durables               459,269   
Household Products – 1.0%      

Energizer Holdings, Inc.

     406         40,900   

Kimberly-Clark Corp.

     1,912         210,798   

Spectrum Brands Holdings, Inc.

     235         18,730   
     

 

 

 
Total Household Products               270,428   
Independent Power and Renewable Electricity Producers – 0.1%   

NRG Energy, Inc.

     690         21,942   
Industrial Conglomerates – 0.1%      

Carlisle Cos., Inc.

     424         33,640   
Insurance – 9.1%      

Aflac, Inc.

     4,286         270,189   

Allstate Corp. (The)

     3,490         197,464   

American Financial Group, Inc.

     503         29,028   

American International Group, Inc.

     14,376         718,944   

American National Insurance Co.

     160         18,088   

AmTrust Financial Services, Inc.

     430         16,172   

Assurant, Inc.

     780         50,669   

Chubb Corp. (The)

     1,296         115,733   

Cincinnati Financial Corp.

     663         32,262   

CNO Financial Group, Inc.

     2,873         52,001   

Fidelity National Financial, Inc. Class A

     1,273         40,023   

First American Financial Corp.

     866         22,992   

Hanover Insurance Group, Inc. (The)

     79         4,854   

Hartford Financial Services Group, Inc.

     4,259         150,215   

HCC Insurance Holdings, Inc.

     710         32,298   

Lincoln National Corp.

     3,066         155,354   

Primerica, Inc.

     405         19,080   

Principal Financial Group, Inc.

     1,647         75,745   

Protective Life Corp.

     534         28,083   

Torchmark Corp.

     678         53,359   

Travelers Cos., Inc. (The)

     2,129         181,178   

Unum Group

     2,522         89,052   

W.R. Berkley Corp.

     863         35,918   
     

 

 

 
Total Insurance               2,388,701   
Internet & Catalog Retail – 1.0%      

Expedia, Inc.

     608       44,080   

HSN, Inc.

     287         17,143   

Liberty Interactive Corp. Class A*

     6,637         191,610   
     

 

 

 
Total Internet & Catalog Retail               252,833   
Internet Software & Services – 0.1%      

AOL, Inc.*

     287         12,562   

Conversant, Inc.*

     281         7,910   
     

 

 

 
Total Internet Software & Services               20,472   
IT Services – 1.1%      

Computer Sciences Corp.

     1,070         65,077   

Convergys Corp.

     753         16,498   

CoreLogic, Inc.*

     598         17,964   

DST Systems, Inc.

     376         35,641   

MAXIMUS, Inc.

     187         8,389   

Xerox Corp.

     13,110         148,143   
     

 

 

 
Total IT Services               291,712   
Life Sciences Tools & Services – 0.8%      

Covance, Inc.*

     213         22,131   

PAREXEL International Corp.*

     176         9,520   

Thermo Fisher Scientific, Inc.

     1,526         183,486   
     

 

 

 
Total Life Sciences Tools & Services               215,137   
Machinery – 1.4%      

AGCO Corp.

     1,007         55,546   

Flowserve Corp.

     764         59,852   

Manitowoc Co., Inc. (The)

     570         17,926   

Middleby Corp.*

     75         19,816   

Oshkosh Corp.

     636         37,441   

Snap-on, Inc.

     344         39,037   

Terex Corp.

     672         29,770   

Toro Co. (The)

     286         18,072   

Trinity Industries, Inc.

     583         42,017   

Valmont Industries, Inc.

     147         21,879   

Wabtec Corp.

     443         34,333   
     

 

 

 
Total Machinery               375,689   
Media – 10.1%      

CBS Corp. Class B

     3,292         203,446   

Cinemark Holdings, Inc.

     545         15,810   

Comcast Corp. Class A

     11,321         566,276   

Discovery Communications, Inc. Class A*

     1,087         89,895   

Gannett Co., Inc.

     2,565         70,794   

Interpublic Group of Cos., Inc. (The)

     2,972         50,940   

Madison Square Garden, Co. (The) Class A*

     205         11,640   

News Corp. Class A*

     3,007         51,781   

Time Warner, Inc.

     4,705         307,378   

Twenty-First Century Fox, Inc. Class A

     12,117         387,380   

Viacom, Inc. Class B

     3,023         256,925   

Walt Disney Co. (The)

     8,181         655,053   
     

 

 

 
Total Media               2,667,318   
Metals & Mining – 0.4%      

Commercial Metals Co.

     664         12,536   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      55   


Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Reliance Steel & Aluminum Co.

     554       $ 39,145   

Steel Dynamics, Inc.

     1,349         23,999   

Worthington Industries, Inc.

     459         17,557   
     

 

 

 
Total Metals & Mining               93,237   
Multiline Retail – 1.0%      

Dillard’s, Inc. Class A

     377         34,835   

Target Corp.

     3,633         219,833   
     

 

 

 
Total Multiline Retail               254,668   
Multi-Utilities – 1.2%      

Black Hills Corp.

     168         9,685   

CenterPoint Energy, Inc.

     2,022         47,901   

CMS Energy Corp.

     1,381         40,436   

DTE Energy Co.

     846         62,849   

Sempra Energy

     1,327         128,401   

Vectren Corp.

     393         15,480   
     

 

 

 
Total Multi-Utilities               304,752   
Oil, Gas & Consumable Fuels – 4.7%      

CVR Energy, Inc.

     916         38,701   

Delek US Holdings, Inc.

     706         20,502   

Hess Corp.

     2,668         221,124   

HollyFrontier Corp.

     3,250         154,635   

Marathon Petroleum Corp.

     3,848         334,930   

Murphy Oil Corp.

     1,423         89,450   

SemGroup Corp. Class A

     26         1,708   

Targa Resources Corp.

     91         9,033   

Tesoro Corp.

     1,461         73,912   

Valero Energy Corp.

     4,894         259,871   

Western Refining, Inc.

     1,179         45,509   
     

 

 

 
Total Oil, Gas & Consumable Fuels               1,249,375   
Paper & Forest Products – 0.4%      

International Paper Co.

     2,180         100,018   
Pharmaceuticals – 1.8%      

Eli Lilly & Co.

     5,518         324,790   

Medicines Co. (The)*

     132         3,751   

Mylan, Inc.*

     2,848         139,068   
     

 

 

 
Total Pharmaceuticals               467,609   
Professional Services – 0.2%      

Manpowergroup, Inc.

     434         34,212   

Robert Half International, Inc.

     573         24,038   
     

 

 

 
Total Professional Services               58,250   
Real Estate Investment Trusts (REITs) – 0.2%      

Corrections Corp. of America

     359         11,244   

Gaming and Leisure Properties, Inc.

     381         13,891   

Geo Group, Inc. (The)

     344         11,091   

Ryman Hospitality Properties, Inc.

     95         4,039   

Weyerhaeuser Co.

     776         22,776   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               63,041   
Real Estate Management & Development – 0.2%      

CBRE Group, Inc. Class A*

     1,239         33,986   

Jones Lang LaSalle, Inc.

     204         24,174   
     

 

 

 
Total Real Estate Management & Development               58,160   
Road & Rail – 0.9%      

AMERCO

     145       33,657   

Avis Budget Group, Inc.*

     1,421         69,203   

Genesee & Wyoming, Inc. Class A*

     160         15,571   

Hertz Global Holdings, Inc.*

     1,786         47,579   

J.B. Hunt Transport Services, Inc.

     403         28,984   

Ryder System, Inc.

     340         27,173   

Swift Transportation Co.*

     930         23,017   
     

 

 

 
Total Road & Rail               245,184   
Specialty Retail – 4.0%      

AutoNation, Inc.*

     685         36,463   

Cabela’s, Inc.*

     290         18,998   

CarMax, Inc.*

     909         42,541   

CST Brands, Inc.

     556         17,369   

GameStop Corp. Class A

     1,091         44,840   

Gap, Inc. (The)

     2,705         108,362   

Home Depot, Inc. (The)

     5,552         439,330   

Lowe’s Cos., Inc.

     4,667         228,216   

Lumber Liquidators Holdings, Inc.*

     60         5,628   

Murphy USA, Inc.*

     355         14,410   

Penske Automotive Group, Inc.

     640         27,366   

Pier 1 Imports, Inc.

     532         10,044   

Urban Outfitters, Inc.*

     529         19,293   

Williams-Sonoma, Inc.

     447         29,788   
     

 

 

 
Total Specialty Retail               1,042,648   
Technology Hardware, Storage & Peripherals – 0.1%   

3D Systems Corp.*

     131         7,749   

NCR Corp.*

     561         20,504   
     

 

 

 
Total Technology Hardware, Storage & Peripherals               28,253   
Textiles, Apparel & Luxury Goods – 0.4%      

Columbia Sportswear Co.

     147         12,150   

Hanesbrands, Inc.

     521         39,846   

PVH Corp.

     418         52,154   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               104,150   
Thrifts & Mortgage Finance – 0.1%      

Nationstar Mortgage Holdings, Inc.*

     425         13,796   

Ocwen Financial Corp.*

     439         17,200   
     

 

 

 
Total Thrifts & Mortgage Finance               30,996   
Trading Companies & Distributors – 0.4%      

Beacon Roofing Supply, Inc.*

     192         7,423   

GATX Corp.

     252         17,106   

United Rentals, Inc.*

     697         66,173   

WESCO International, Inc.*

     316         26,297   
     

 

 

 
Total Trading Companies & Distributors               116,999   
Wireless Telecommunication Services – 0.2%      

T-Mobile US, Inc.*

     1,442         47,629   
TOTAL COMMON STOCKS
(Cost: $20,447,221)
              26,288,913   

 

See Notes to Financial Statements.

 

56   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUNDS – 0.2%      

WisdomTree Earnings 500 Fund(a)

     465       $ 30,480   

WisdomTree MidCap Earnings Fund(a)

     147         13,064   
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $39,280)
              43,544  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $20,486,501)
        26,332,457  

Cash and Other Assets in Excess of Liabilities – 0.1%

        24,739   
     

 

 

 
NET ASSETS – 100.0%             $ 26,357,196   
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 8).

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      57   


Table of Contents

Schedule of Investments

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
INDIA – 99.8%      
COMMON STOCKS – 99.8%      
Auto Components – 0.5%      

Bharat Forge Ltd.

     301,270       $ 2,127,769   

Exide Industries Ltd.

     717,953         1,456,403   

Motherson Sumi Systems Ltd.

     171,869         735,420   
     

 

 

 
Total Auto Components               4,319,592   
Automobiles – 7.6%      

Bajaj Auto Ltd.

     205,526         7,170,396   

Hero MotoCorp Ltd.

     208,945         7,958,610   

Mahindra & Mahindra Ltd.

     1,040,645         17,088,376   

Maruti Suzuki India Ltd.

     196,657         6,492,669   

Tata Motors Ltd.

     4,847,431         32,356,790   
     

 

 

 
Total Automobiles               71,066,841   
Banks – 15.5%      

Allahabad Bank

     896,449         1,364,431   

Axis Bank Ltd.

     804,245         19,667,627   

Bank of Baroda

     595,268         7,183,882   

Bank of India

     1,146,154         4,385,218   

Canara Bank

     963,196         4,263,399   

HDFC Bank Ltd.

     1,695,958         21,263,901   

ICICI Bank Ltd.

     1,634,992         34,085,090   

IDBI Bank Ltd.

     1,968,683         2,152,539   

Indian Overseas Bank

     1,150,488         979,569   

IndusInd Bank Ltd.

     431,897         3,629,244   

Jammu & Kashmir Bank Ltd.

     165,176         4,253,685   

Karnataka Bank Ltd.

     779,435         1,530,223   

Kotak Mahindra Bank Ltd.

     471,546         6,166,872   

Oriental Bank of Commerce

     508,335         1,897,239   

State Bank of India

     722,079         23,186,084   

UCO Bank

     1,500,235         1,832,511   

Union Bank of India Ltd.

     1,129,943         2,599,593   

Vijaya Bank Ltd.

     1,235,129         825,177   

Yes Bank Ltd.

     659,022         4,567,829   
     

 

 

 
Total Banks               145,834,113   
Biotechnology – 0.1%      

Biocon Ltd.

     99,992         710,563   
Capital Markets – 0.0%      

JM Financial Ltd.

     368,062         154,072   
Chemicals – 1.3%      

Asian Paints Ltd.

     398,050         3,652,083   

Berger Paints India Ltd.

     22,281         85,751   

Castrol India Ltd.

     141,766         738,116   

Chambal Fertilizers & Chemicals Ltd.

     622,357         416,312   

Coromandel International Ltd.

     292,233         1,097,051   

Godrej Industries Ltd.

     76,783         405,755   

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     29         38   

Pidilite Industries Ltd.

     92,337         474,730   

Tata Chemicals Ltd.

     293,810         1,412,905   

UPL Ltd.

     1,135,923         3,508,242   
     

 

 

 
Total Chemicals               11,790,983   
Construction & Engineering – 1.9%      

Engineers India Ltd.

     151,997       $ 574,292   

Era Infra Engineering Ltd.*

     380,559         85,386   

GMR Infrastructure Ltd.

     274,131         100,293   

IRB Infrastructure Developers Ltd.

     1,185,761         2,050,971   

Larsen & Toubro Ltd.

     649,432         13,830,844   

Voltas Ltd.

     588,354         1,585,100   
     

 

 

 
Total Construction & Engineering               18,226,886   
Construction Materials – 1.5%      

ACC Ltd.

     117,768         2,759,801   

Ambuja Cements Ltd.

     1,413,759         4,786,505   

India Cements Ltd.

     581,532         592,511   

The Ramco Cements Ltd.

     179,793         648,155   

Ultratech Cement Ltd.

     147,385         5,397,022   
     

 

 

 
Total Construction Materials               14,183,994   
Consumer Finance – 1.7%      

Bajaj Finance Ltd.

     34,414         1,032,031   

Mahindra & Mahindra Financial Services Ltd.

     787,327         3,322,138   

Manappuram Finance Ltd.

     2,765,240         995,482   

Muthoot Finance Ltd.

     676,103         1,947,168   

Shriram City Union Finance Ltd.

     19,421         357,885   

Shriram Transport Finance Co., Ltd.

     638,413         8,204,311   
     

 

 

 
Total Consumer Finance               15,859,015   
Diversified Financial Services – 3.3%      

Credit Analysis & Research Ltd.

     8,313         108,494   

CRISIL Ltd.

     9,123         187,883   

IDFC Ltd.

     5,018,312         10,272,320   

IFCI Ltd.

     3,335,059         1,482,621   

L&T Finance Holdings Ltd.

     701,786         864,270   

Multi Commodity Exchange of India Ltd.

     51,898         429,366   

Power Finance Corp., Ltd.

     2,783,850         9,005,648   

Rural Electrification Corp., Ltd.

     2,188,117         8,415,764   
     

 

 

 
Total Diversified Financial Services               30,766,366   
Electric Utilities – 2.1%      

CESC Ltd.

     299,198         2,511,164   

Power Grid Corp. of India Ltd.

     4,391,925         7,721,581   

Reliance Infrastructure Ltd.

     1,306,026         9,483,163   
     

 

 

 
Total Electric Utilities               19,715,908   
Electrical Equipment – 2.2%      

ABB India Ltd.

     8,559         122,375   

Amara Raja Batteries Ltd.

     55,950         369,487   

Bharat Heavy Electricals Ltd.

     5,563,630         18,263,630   

Havells India Ltd.

     130,879         2,046,597   
     

 

 

 
Total Electrical Equipment               20,802,089   
Food Products – 0.5%      

Britannia Industries Ltd.

     7,464         105,406   

GlaxoSmithKline Consumer Healthcare Ltd.*

     18,371         1,322,814   

McLeod Russel India Ltd.

     151,186         774,378   

Nestle India Ltd.

     22,678         1,909,531   

Tata Global Beverages Ltd.

     370,459         930,761   
     

 

 

 
Total Food Products               5,042,890   

 

See Notes to Financial Statements.

 

58   WisdomTree Domestic and International Earnings Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Gas Utilities – 1.2%      

GAIL India Ltd.

     1,416,105       $ 8,916,678   

Gujarat State Petronet Ltd.

     839,254         973,842   

Indraprastha Gas Ltd.

     183,526         918,667   
     

 

 

 
Total Gas Utilities               10,809,187   
Health Care Providers & Services – 0.2%      

Apollo Hospitals Enterprise Ltd.

     81,480         1,250,322   

Fortis Healthcare Ltd.*

     210,637         344,581   
     

 

 

 
Total Health Care Providers & Services               1,594,903   
Hotels, Restaurants & Leisure – 0.0%      

Jubilant Foodworks Ltd.*

     12,128         216,079   
Household Durables – 0.0%      

TTK Prestige Ltd.

     1,240         63,194   

Videocon Industries Ltd.

     76,533         205,869   
     

 

 

 
Total Household Durables               269,063   
Household Products – 1.0%      

Hindustan Unilever Ltd.

     959,493         9,728,678   
Independent Power and Renewable Electricity Producers – 2.3%   

Jaiprakash Power Ventures Ltd.*

     2,107,455         499,317   

JSW Energy Ltd.

     2,121,060         2,104,279   

NHPC Ltd.

     10,468,447         3,347,940   

NTPC Ltd.

     7,526,966         15,111,277   
     

 

 

 
Total Independent Power and Renewable Electricity Producers          21,062,813   
Industrial Conglomerates – 0.6%      

Aditya Birla Nuvo Ltd.

     111,505         2,037,514   

Jaiprakash Associates Ltd.

     2,697,842         2,425,788   

Siemens Ltd.

     109,705         1,418,739   
     

 

 

 
Total Industrial Conglomerates               5,882,041   
Insurance – 0.3%      

Bajaj Finserv Ltd.

     213,302         2,814,561   
IT Services – 13.9%      

eClerx Services Ltd.

     24,975         443,714   

HCL Technologies Ltd.

     508,950         11,851,426   

Hexaware Technologies Ltd.

     747,400         1,883,439   

Infosys Ltd.

     1,203,193         66,136,581   

Mindtree Ltd.

     73,596         1,628,052   

Mphasis Ltd.

     221,615         1,499,141   

Tata Consultancy Services Ltd.

     806,877         28,819,786   

Tech Mahindra Ltd.

     128,978         3,877,277   

Wipro Ltd.

     1,623,664         14,767,873   
     

 

 

 
Total IT Services               130,907,289   
Life Sciences Tools & Services – 0.3%      

Divi’s Laboratories Ltd.

     107,542         2,459,569   
Machinery – 0.5%      

Ashok Leyland Ltd.

     3,437,354         1,361,186   

Cummins India Ltd.

     189,751         1,896,160   

Eicher Motors Ltd.

     8,464         844,876   

Thermax Ltd.

     34,938         437,701   
     

 

 

 
Total Machinery               4,539,923   
Media – 0.6%      

Sun TV Network Ltd.

     259,803       $ 1,747,680   

Zee Entertainment Enterprises Ltd.

     900,150         4,089,844   
     

 

 

 
Total Media               5,837,524   
Metals & Mining – 5.9%      

Bhushan Steel Ltd.

     316,701         2,400,877   

Hindalco Industries Ltd.

     5,376,233         12,760,367   

Hindustan Copper Ltd.

     101,448         116,613   

Hindustan Zinc Ltd.

     1,320,558         2,850,181   

Jindal Steel & Power Ltd.

     2,090,418         10,236,389   

JSW Steel Ltd.

     301,636         5,232,701   

NMDC Ltd.

     3,743,158         8,727,611   

Sesa Sterlite Ltd.

     2,705,389         8,541,188   

Steel Authority of India Ltd.

     4,074,688         4,871,409   
     

 

 

 
Total Metals & Mining               55,737,336   
Oil, Gas & Consumable Fuels – 19.4%      

Bharat Petroleum Corp., Ltd.

     764,469         5,888,802   

Cairn India Ltd.

     4,138,854         23,077,373   

Coal India Ltd.

     2,797,582         13,525,921   

Gujarat Mineral Development Corp., Ltd.

     349,850         772,661   

Hindustan Petroleum Corp., Ltd.

     516,493         2,679,217   

Indian Oil Corp., Ltd.

     1,091,426         5,147,141   

Oil & Natural Gas Corp., Ltd.

     8,331,170         44,458,016   

Petronet LNG Ltd.

     1,264,227         2,900,064   

Reliance Industries Ltd.

     5,355,391         83,461,512   
     

 

 

 
Total Oil, Gas & Consumable Fuels               181,910,707   
Personal Products – 0.7%      

Colgate-Palmolive India Ltd.

     37,636         864,924   

Dabur India Ltd.

     615,758         1,852,249   

Godrej Consumer Products Ltd.

     211,818         3,047,860   

Marico Kaya Enterprises Ltd.*+

     3,767         7,884   

Marico Ltd.

     152,824         535,194   
     

 

 

 
Total Personal Products               6,308,111   
Pharmaceuticals – 4.3%      

Aurobindo Pharma Ltd.

     315,980         2,706,246   

Cadila Healthcare Ltd.

     107,219         1,840,079   

Cipla Ltd.

     670,099         4,295,096   

Dr. Reddy’s Laboratories Ltd.

     154,948         6,651,952   

GlaxoSmithKline Pharmaceuticals Ltd.

     13,355         575,413   

Glenmark Pharmaceuticals Ltd.

     307,861         2,913,526   

Ipca Laboratories Ltd.

     57,778         817,343   

Lupin Ltd.

     347,501         5,429,621   

Ranbaxy Laboratories Ltd.*

     356,726         2,179,569   

Sun Pharmaceutical Industries Ltd.

     1,018,671         9,803,360   

Torrent Pharmaceuticals Ltd.

     51,007         447,744   

Wockhardt Ltd.

     328,405         2,516,823   
     

 

 

 
Total Pharmaceuticals               40,176,772   
Real Estate Management & Development – 0.5%      

DLF Ltd.

     625,161         1,847,037   

Housing Development & Infrastructure Ltd.*

     972,845         938,271   

Oberoi Realty Ltd.

     142,343         514,458   

Prestige Estates Projects Ltd.

     76,565         218,391   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      59   


Table of Contents

Schedule of Investments (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Sobha Developers Ltd.

     58,909       $ 369,399   

Unitech Ltd.*

     3,611,151         846,517   
     

 

 

 
Total Real Estate Management & Development               4,734,073   
Road & Rail – 0.4%      

Container Corp. of India

     249,679         4,057,114   
Software – 0.4%      

KPIT Technologies Ltd.

     203,638         548,456   

NIIT Technologies Ltd.

     112,985         761,557   

Oracle Financial Services Software Ltd.*

     46,896         2,424,364   

Vakrangee Software Ltd.

     146,520         244,721   
     

 

 

 
Total Software               3,979,098   
Specialty Retail – 0.1%      

PC Jeweller Ltd.

     320,111         519,381   
Textiles, Apparel & Luxury Goods – 0.5%      

Arvind Ltd.

     990,503         2,884,976   

Bata India Ltd.

     9,567         182,730   

Titan Co., Ltd.

     339,320         1,492,559   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               4,560,265   
Thrifts & Mortgage Finance – 4.8%      

Housing Development Finance Corp.

     2,821,536         41,759,064   

LIC Housing Finance Ltd.

     862,901         3,412,015   
     

 

 

 
Total Thrifts & Mortgage Finance               45,171,079   
Tobacco – 1.5%      

ITC Ltd.

     2,432,684         14,372,683   
Trading Companies & Distributors – 0.8%      

Adani Enterprises Ltd.

     1,252,584         7,718,212   
Transportation Infrastructure – 0.4%      

Adani Ports and Special Economic Zone

     1,223,399         3,839,862   
Wireless Telecommunication Services – 1.0%   

Bharti Airtel Ltd.

     899,763         4,787,135   

Bharti Infratel Ltd.

     178,759         608,809   

Idea Cellular Ltd.

     877,462         2,019,459   

Reliance Communications Ltd.

     838,900         1,810,611   
     

 

 

 
Total Wireless Telecommunication Services               9,226,014   
TOTAL COMMON STOCKS
(Cost: $707,326,323)
              936,905,649   
PREFERRED STOCKS – 0.0%      
Media – 0.0%      
Zee Entertainment Enterprises Ltd.
(Cost: $302,473)
     18,747,288         222,874   
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $707,628,796)
        937,128,523  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.2%

        1,935,118   
     

 

 

 
NET ASSETS – 100.0%             $ 939,063,641   
* 

Non-income producing security.

 

+ 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $7,884, which represents 0.0% of net assets.

 

See Notes to Financial Statements.

 

60   WisdomTree Domestic and International Earnings Funds


Table of Contents

Statements of Assets and Liabilities

WisdomTree Domestic and International Earnings Funds

March 31, 2014

 

  

 

 

      WisdomTree
Total
Earnings Fund
     WisdomTree
Earnings
500 Fund
     WisdomTree
MidCap
Earnings Fund
     WisdomTree
SmallCap
Earnings Fund
     WisdomTree
LargeCap
Value Fund
     WisdomTree
India Earnings
Fund
(consolidated)
 

ASSETS:

                 

Investments, at cost

   $ 51,716,260       $ 77,943,918       $ 432,154,153       $ 387,345,801       $ 20,447,221       $ 707,628,796   

Investment in affiliates, at cost (Note 8)

             50,965         2,527,254         450,599         39,280           

Foreign currency, at cost

                                             7,740,295   

Investments in securities, at value

     71,096,361         101,173,672         511,396,687         438,639,019         26,288,913         937,128,523   

Investment in affiliates, at value (Note 8)

             64,716         2,818,720         600,672         43,544           

Cash

     15,044         20,082         142,593         113,557         4,004         1,418,447   

Foreign currency, at value

                                             7,746,796   

Receivables:

                 

Dividends and interest

     80,012         116,531         487,748         244,187         29,359         870,226   

Capital shares sold

                                             7,291,791   

Investment securities sold

                             112,737                   

Total Assets

     71,191,417         101,375,001         514,845,748         439,710,172         26,365,820         954,455,783   

LIABILITIES:

                 

Unrealized depreciation on forward foreign currency contracts

                                             3,527   

Payables:

                 

Investment securities purchased

                                             14,770,566   

Advisory fees (Note 3)

     16,785         23,984         161,410         137,520         8,525         614,790   

Service fees (Note 2)

     264         375         1,870         1,589         99         3,259   

Total Liabilities

     17,049         24,359         163,280         139,109         8,624         15,392,142   

NET ASSETS

   $ 71,174,368       $ 101,350,642       $ 514,682,468       $ 439,571,063       $ 26,357,196       $ 939,063,641   

NET ASSETS:

                 

Paid-in capital

   $ 58,491,462       $ 98,666,708       $ 456,096,306       $ 410,705,876       $ 29,653,383       $ 1,106,364,175   

Undistributed net investment income

     28,540         39,440         285,894         87,016         8,590         870,892   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (6,725,735      (20,599,011      (21,233,732      (22,665,120      (9,150,733      (397,627,348

Net unrealized appreciation on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     19,380,101         23,243,505         79,534,000         51,443,291         5,845,956         229,455,922   

NET ASSETS

   $ 71,174,368       $ 101,350,642       $ 514,682,468       $ 439,571,063       $ 26,357,196       $ 939,063,641   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

     1,050,000         1,550,000         5,800,000         5,400,000         450,000         49,600,000   

Net asset value per share

   $ 67.79       $ 65.39       $ 88.74       $ 81.40       $ 58.57       $ 18.93   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      61   


Table of Contents

Statements of Operations

WisdomTree Domestic and International Earnings Funds

For the Year Ended March 31, 2014

 

  

 

 

      WisdomTree
Total
Earnings Fund
     WisdomTree
Earnings
500 Fund
     WisdomTree
MidCap
Earnings Fund
     WisdomTree
SmallCap
Earnings Fund
     WisdomTree
LargeCap
Value Fund
     WisdomTree
India Earnings
Fund
(consolidated)
 

INVESTMENT INCOME:

                 

Dividends1

   $ 1,249,363       $ 1,788,012       $ 5,182,486       $ 3,671,984       $ 395,577       $ 21,295,063   

Dividends from affiliates (Note 8)

             6,859         39,087         9,334         1,022           

Securities lending income (Note 2)

     6,975         1,195         278,791         361,508         2,120           

Total investment income

     1,256,338         1,796,066         5,500,364         4,042,826         398,719         21,295,063   

EXPENSES:

                 

Advisory fees (Note 3)

     167,827         231,477         1,286,778         1,122,626         99,305         7,570,915   

Service fees (Note 2)

     2,637         3,636         14,899         12,997         1,149         40,135   

Interest expense (Note 9)

                                             49,734   

Total expenses

     170,464         235,113         1,301,677         1,135,623         100,454         7,660,784   

Expense waivers (Note 3)

                     (2,285                        

Net expenses

     170,464         235,113         1,299,392         1,135,623         100,454         7,660,784   

Net investment income

     1,085,874         1,560,953         4,200,972         2,907,203         298,265         13,634,279   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

                 

Net realized gain (loss) from:

                 

Investment transactions

     (240,473      (709,802      (1,061,298      926,500         1,097,421         (130,754,583

Investment transactions in affiliates (Note 8)

             18,351         59,960         153,112         4,084           

In-kind redemptions

     2,429,908         3,674,423         37,410,540         44,680,341         1,624,047           

In-kind redemptions in affiliates (Note 8)

                                     1,819           

Forward foreign currency contracts and foreign currency related transactions

                                             (1,393,772

Net realized gain (loss)

     2,189,435         2,982,972         36,409,202         45,759,953         2,727,371         (132,148,355

Net change in unrealized appreciation (depreciation) from:

                 

Investment transactions

     9,270,484         11,982,142         40,916,860         22,070,784         2,048,743         193,041,800   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

                                             (49,816

Net change in unrealized appreciation (depreciation)

     9,270,484         11,982,142         40,916,860         22,070,784         2,048,743         192,991,984   

Net realized and unrealized gain on investments

     11,459,919         14,965,114         77,326,062         67,830,737         4,776,114         60,843,629   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 12,545,793       $ 16,526,067       $ 81,527,034       $ 70,737,940       $ 5,074,379       $ 74,477,908   
1 

Net of foreign withholding tax of $5, $0, $0, $447, $0 and $1,252, respectively.

 

See Notes to Financial Statements.

 

62   WisdomTree Domestic and International Earnings Funds


Table of Contents

Statements of Changes in Net Assets

WisdomTree Domestic and International Earnings Funds

 

 

  

 

 

     WisdomTree
Total Earnings Fund
    WisdomTree
Earnings 500 Fund
    WisdomTree
MidCap Earnings Fund
 
     For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
 

INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:

  

         

Net investment income

  $ 1,085,874      $ 979,315      $ 1,560,953      $ 1,277,884      $ 4,200,972      $ 2,899,760   

Net realized gain on investments

    2,189,435        16,278        2,982,972        2,867,323        36,409,202        7,988,628   

Net change in unrealized appreciation on investments

    9,270,484        5,511,294        11,982,142        2,790,109        40,916,860        18,041,669   

Net increase in net assets resulting from operations

    12,545,793        6,506,887        16,526,067        6,935,316        81,527,034        28,930,057   

DIVIDENDS:

           

Net investment income

    (1,072,580     (982,617     (1,541,118     (1,286,555     (4,021,507     (2,891,169

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sales of shares

    12,963,067        4,778,997        30,553,630        5,113,221        336,233,479        70,909,321   

Cost of shares redeemed

    (6,590,806            (9,541,453     (14,595,053     (110,699,237     (43,901,246

Net increase (decrease) in net assets resulting from capital share transactions

    6,372,261        4,778,997        21,012,177        (9,481,832     225,534,242        27,008,075   

Net Increase (Decrease) in Net Assets

    17,845,474        10,303,267        35,997,126        (3,833,071     303,039,769        53,046,963   

NET ASSETS:

           

Beginning of year

  $ 53,328,894      $ 43,025,627      $ 65,353,516      $ 69,186,587      $ 211,642,699      $ 158,595,736   

End of year

  $ 71,174,368      $ 53,328,894      $ 101,350,642      $ 65,353,516      $ 514,682,468      $ 211,642,699   

Undistributed net investment income included in net assets at end of year

  $ 28,540      $ 15,246      $ 39,440      $ 19,605      $ 285,894      $ 106,429   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    950,000        850,000        1,200,000        1,400,000        3,000,000        2,600,000   

Shares created

    200,000        100,000        500,000        100,000        4,100,000        1,100,000   

Shares redeemed

    (100,000            (150,000     (300,000     (1,300,000     (700,000

Shares outstanding, end of year

    1,050,000        950,000        1,550,000        1,200,000        5,800,000        3,000,000   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      63   


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Domestic and International Earnings Funds

 

 

  

 

 

     WisdomTree
SmallCap Earnings Fund
    WisdomTree
LargeCap Value Fund
    WisdomTree
India Earnings Fund
(consolidated)
 
     For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
    For the
Year Ended
March 31, 2014
    For the
Year Ended
March 31, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS:

   

         

Net investment income

  $ 2,907,203      $ 2,757,859      $ 298,265      $ 632,291      $ 13,634,279      $ 9,099,659   

Net realized gain (loss) on investments

    45,759,953        7,235,907        2,727,371        2,354,013        (132,148,355     (66,257,013

Net change in unrealized appreciation on investments

    22,070,784        11,327,907        2,048,743        149,410        192,991,984        15,294,724   

Net increase (decrease) in net assets resulting from operations

    70,737,940        21,321,673        5,074,379        3,135,714        74,477,908        (41,862,630

DIVIDENDS:

           

Net investment income

    (2,900,663     (2,911,993     (291,377     (639,542     (11,794,964     (8,238,846

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sales of shares

    327,935,354        69,178,619        2,899,364               253,828,101        353,585,574   

Cost of shares redeemed

    (136,888,576     (54,028,178     (5,752,855     (9,083,944     (448,521,614     (148,433,967

Net increase (decrease) in net assets resulting from capital share transactions

    191,046,778        15,150,441        (2,853,491     (9,083,944     (194,693,513     205,151,607   

Net Increase (Decrease) in Net Assets

    258,884,055        33,560,121        1,929,511        (6,587,772     (132,010,569     155,050,131   

NET ASSETS:

           

Beginning of year

  $ 180,687,008      $ 147,126,887      $ 24,427,685      $ 31,015,457      $ 1,071,074,210      $ 916,024,079   

End of year

  $ 439,571,063      $ 180,687,008      $ 26,357,196      $ 24,427,685      $ 939,063,641      $ 1,071,074,210   

Undistributed net investment income included in net assets at end of year

  $ 87,016      $ 80,476      $ 8,590      $ 1,702      $ 870,892      $ 345,749   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    2,850,000        2,600,000        500,000        700,000        59,600,000        47,600,000   

Shares created

    4,250,000        1,200,000        50,000               16,800,000        20,000,000   

Shares redeemed

    (1,700,000     (950,000     (100,000     (200,000     (26,800,000     (8,000,000

Shares outstanding, end of year

    5,400,000        2,850,000        450,000        500,000        49,600,000        59,600,000   

 

See Notes to Financial Statements.

 

64   WisdomTree Domestic and International Earnings Funds


Table of Contents

Financial Highlights

WisdomTree Domestic and International Earnings Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Total Earnings Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 56.14       $ 50.62       $ 47.12       $ 41.56       $ 27.52   

Investment operations:

              

Net investment income1

     1.12         1.07         0.88         0.77         0.70   

Net realized and unrealized gain

     11.63         5.51         3.58         5.55         14.03   

Total from investment operations

     12.75         6.58         4.46         6.32         14.73   

Dividends to shareholders:

              

Net investment income

     (1.10      (1.06      (0.96      (0.76      (0.69

Net asset value, end of year

   $ 67.79       $ 56.14       $ 50.62       $ 47.12       $ 41.56   

TOTAL RETURN2

     22.89      13.23      9.74      15.44      53.82

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 71,174       $ 53,329       $ 43,026       $ 54,193       $ 47,789   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.28      0.28      0.28      0.28      0.28

Expenses, prior to expense waivers

     0.28      0.28      0.28      0.28      0.28

Net investment income

     1.81      2.10      1.90      1.82      1.92

Portfolio turnover rate4

     13      13      12      9      16

 

           
WisdomTree Earnings 500 Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 54.46       $ 49.42       $ 45.59       $ 40.75       $ 27.77   

Investment operations:

              

Net investment income1

     1.14         1.04         0.88         0.77         0.68   

Net realized and unrealized gain

     10.88         5.10         3.84         4.84         12.98   

Total from investment operations

     12.02         6.14         4.72         5.61         13.66   

Dividends to shareholders:

              

Net investment income

     (1.09      (1.10      (0.89      (0.77      (0.68

Net asset value, end of year

   $ 65.39       $ 54.46       $ 49.42       $ 45.59       $ 40.75   

TOTAL RETURN2

     22.24      12.66      10.60      13.99      49.49

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 101,351       $ 65,354       $ 69,187       $ 63,832       $ 77,422   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.28      0.28      0.28      0.28      0.28

Expenses, prior to expense waivers

     0.28      0.28      0.28      0.28      0.28

Net investment income

     1.89      2.12      1.98      1.87      1.95

Portfolio turnover rate4

     15      13      16      12      21
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      65   


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic and International Earnings Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree MidCap Earnings Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 70.55       $ 61.00       $ 58.75       $ 47.22       $ 26.19   

Investment operations:

              

Net investment income1

     1.00         1.09         0.62         0.73         0.61   

Net realized and unrealized gain

     18.11         9.54         2.20         11.50         20.92   

Total from investment operations

     19.11         10.63         2.82         12.23         21.53   

Dividends to shareholders:

              

Net investment income

     (0.92      (1.08      (0.57      (0.70      (0.50

Net asset value, end of year

   $ 88.74       $ 70.55       $ 61.00       $ 58.75       $ 47.22   

TOTAL RETURN2

     27.26      17.75      4.92      26.15      82.49

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 514,682       $ 211,643       $ 158,596       $ 105,745       $ 54,306   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.38      0.38      0.38      0.38      0.38

Expenses, prior to expense waivers

     0.38      0.38      0.38      0.38      0.38

Net investment income

     1.24      1.80      1.11      1.45      1.54

Portfolio turnover rate4

     41      39      38      18      19

 

           
WisdomTree SmallCap
Earnings Fund
   For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 63.40       $ 56.59       $ 54.97       $ 44.33       $ 23.25   

Investment operations:

              

Net investment income1

     0.73         1.03         0.74         0.65         0.37   

Net realized and unrealized gain

     17.95         6.86         1.59         10.60         20.96   

Total from investment operations

     18.68         7.89         2.33         11.25         21.33   

Dividends to shareholders:

              

Net investment income

     (0.68      (1.08      (0.71      (0.61      (0.25

Net asset value, end of year

   $ 81.40       $ 63.40       $ 56.59       $ 54.97       $ 44.33   

TOTAL RETURN2

     29.55      14.20      4.39      25.57      91.88

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 439,571       $ 180,687       $ 147,127       $ 134,672       $ 95,306   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.38      0.38      0.38      0.38      0.38

Expenses, prior to expense waivers

     0.38      0.38      0.38      0.38      0.38

Net investment income

     0.98      1.83      1.43      1.37      0.97

Portfolio turnover rate4

     61      50      41      19      16
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

66   WisdomTree Domestic and International Earnings Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic and International Earnings Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree LargeCap Value Fund    For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010*
 

Net asset value, beginning of year

   $ 48.86       $ 44.31       $ 43.02       $ 37.01       $ 24.24   

Investment operations:

              

Net investment income1

     0.61         1.02         0.75         0.49         0.65   

Net realized and unrealized gain

     9.70         4.56         1.26         6.04         12.75   

Total from investment operations

     10.31         5.58         2.01         6.53         13.40   

Dividends to shareholders:

              

Net investment income

     (0.60      (1.03      (0.72      (0.52      (0.63

Net asset value, end of year

   $ 58.57       $ 48.86       $ 44.31       $ 43.02       $ 37.01   

TOTAL RETURN2

     21.20      12.81      4.83      17.86      55.57

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 26,357       $ 24,428       $ 31,015       $ 25,812       $ 35,164   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.38      0.38      0.38      0.38      0.38

Expenses, prior to expense waivers

     0.38      0.38      0.38      0.38      0.38

Net investment income

     1.14      2.26      1.84      1.33      2.01

Portfolio turnover rate4

     67      65      62      6      71
* This information reflects the investment objective and strategy of WisdomTree Low P/E Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree LargeCap Value Fund thereafter.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      67   


Table of Contents

Financial Highlights (concluded)

WisdomTree Domestic and International Earnings Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree India Earnings Fund

(consolidated)

   For the
Year Ended
March 31, 2014
     For the
Year Ended
March 31, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year

   $ 17.97       $ 19.24       $ 24.87      $ 23.25       $ 10.99   

Investment operations:

              

Net investment income1

     0.25         0.17         0.19         0.09         0.04   

Net realized and unrealized gain (loss)

     0.94         (1.29      (5.65      1.67         12.27   

Total from investment operations

     1.19         (1.12      (5.46 )      1.76         12.31   

Dividends to shareholders:

              

Net investment income

     (0.23      (0.15      (0.17      (0.14      (0.05

Net asset value, end of year

   $ 18.93       $ 17.97       $ 19.24      $ 24.87       $ 23.25   

TOTAL RETURN2

     6.81      (5.80 )%       (21.96 )%      7.59      112.11

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 939,064       $ 1,071,074       $ 916,024       $ 1,487,089       $ 841,533   

Ratios to average net assets of:

              

Expenses, net of expense reimbursements

     0.84 %6       0.84 %4       0.76 %4,5       0.88 %4       0.88 %4 

Expenses, prior to expense reimbursements

     0.84 %6       0.86 %4       0.82 %4       0.88 %4       0.88 %4 

Net investment income

     1.49      0.91      0.91      0.36      0.19

Portfolio turnover rate3

     43      27      32 %      38      33
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

3 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

4 

Excludes Mauritius income tax expense (see Note 7). If Mauritius income tax expense had been included, the Fund’s expense ratios (before and after expense reimbursements) would have been higher by: 0.02%, 0.06%, 0.04%, and 0.03% for the fiscal years ended 2013, 2012, 2011 and 2010.

 

5 

During the period, the Fund was reimbursed for certain expenses that occurred during the previous fiscal year.

 

6 

Includes interest expense of 0.01% for the fiscal year ended 2014.

 

See Notes to Financial Statements.

 

68   WisdomTree Domestic and International Earnings Funds


Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2014, the Trust offered 62 investment funds (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed in the table below:

 

Fund    Commencement
of
Operations
 

WisdomTree Total Earnings Fund (“Total Earnings Fund”)

     February 23, 2007   

WisdomTree Earnings 500 Fund (“Earnings 500 Fund”)

     February 23, 2007   

WisdomTree MidCap Earnings Fund (“MidCap Earnings Fund”)

     February 23, 2007   

WisdomTree SmallCap Earnings Fund (“SmallCap Earnings Fund”)

     February 23, 2007   

WisdomTree LargeCap Value Fund (“LargeCap Value Fund”)

     February 23, 2007   

WisdomTree India Earnings Fund (“India Earnings Fund”)

     February 22, 2008   

The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius. The Portfolio was incorporated under the provisions of the Mauritius Companies Act 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission. The Portfolio is advised by WisdomTree Asset Management, Inc. (“WTAM”) and is sub-advised by Mellon Capital Management Corporation (“MCM”). For the India Earnings Fund, the accompanying financial statements reflect the financial position of the Fund and the results of operations on a consolidated basis with the Portfolio. All inter-company accounts and transactions have been eliminated in consolidation. This structure should permit the India Earnings Fund to benefit from a tax treaty between India and Mauritius. The Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the treaty’s applicability to entities such as the India Earnings Fund. In March of 2012, the Indian Finance Minister introduced a new chapter to the Indian Income Tax Act 1961, which would include certain General Anti-Avoidance Rules (“GAAR”). The implementation of these rules has been postponed and would be effective April 1, 2015 (Indian tax year 2015-2016) and it is presently unclear if these rules will have any impact on the Fund’s ability to benefit from the tax treaty. No assurance can be given that the terms of the treaty will not be subject to re-negotiation in the future or subject to an adverse interpretation under GAAR. Any change in the provision of this treaty or in its applicability to the India Earnings Fund could result in the imposition of withholding and other taxes on the India Earnings Fund by tax authorities in India. This would reduce the return to the India Earnings Fund on its investments and the return received by India Earnings Fund shareholders. References to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WTAM, the investment adviser to each Fund and the Trust. “WisdomTree” is a registered mark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified. The securities in each Index are weighted based on earnings or earnings yield.

In the normal course of business the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

 

WisdomTree Domestic and International Earnings Funds      69   


Table of Contents

Notes to Financial Statements (continued)

 

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees.

Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price provided by dealers and pricing services. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the exchange on which they are principally traded. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time for Europe and the Americas, and Tullett Prebon closing spot and forward rates as of 2:00 p.m. Singapore time for Asia. Fixed income securities generally are valued at current market quotations or mean prices obtained from dealers or independent pricing services. Dealers or independent pricing services, in determining the value of securities may consider such factors as recent transactions, indications from other dealers, yields and prices for similar securities, and market sentiment for the type of security.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be fair valued in accordance with the Fund’s pricing policy and procedures. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be fair valued. The Funds may rely on an independent fair valuation service in adjusting the valuations of foreign securities. When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining the use of 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 assumption in determining the fair value of investments)

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a

 

70   WisdomTree Domestic and International Earnings Funds


Table of Contents

Notes to Financial Statements (continued)

 

security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Short-term investments having a maturity of 60 days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. 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 contracts are normally valued on the basis of broker-dealer quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative contracts can be estimated by an independent pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivatives contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which use, among other potential considerations, use related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

 

The following is a summary of the fair valuations according to the inputs used as of March 31, 2014 in valuing each Fund’s assets:

 

Total Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 71,096,361       $       $   

 

Earnings 500 Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 101,173,672       $       $   

Exchange-Traded Fund

     64,716                   

Total

   $ 101,238,388       $       $   

 

MidCap Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 511,396,687       $       $   

Exchange-Traded Fund

     2,818,720                   

Total

   $ 514,215,407       $       $   

 

SmallCap Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 438,639,019       $       $   

Exchange-Traded Fund

     600,672                   

Total

   $ 439,239,691       $       $   

 

WisdomTree Domestic and International Earnings Funds      71   


Table of Contents

Notes to Financial Statements (continued)

 

 

LargeCap Value Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 26,288,913       $       $   

Exchange-Traded Funds

     43,544                   

Total

   $ 26,332,457       $       $   

 

India Earnings Fund (consolidated)    Level 1      Level 2      Level 3  

Common Stocks

                          

Personal Products

   $ 6,300,227       $       $ 7,884   

Other*

     930,597,538                   

Preferred Stocks

     222,874                   

Total

     937,120,639                 7,884   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (3,527        

Total - Net

   $ 937,120,639       $ (3,527    $ 7,884   
  * Please refer to Schedule of Investment for the breakdown of the valuation by industry.

There were no transfers into or out of any fair value measurement levels as described above during the fiscal year ended March 31, 2014. The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The India Earnings Fund has invested in derivatives, specifically forward currency contracts, during the fiscal year ended March 31, 2014, which are detailed in the tables below. Risks may arise upon entering into forward foreign currency contracts from the potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other. The Fund’s derivative agreements contain credit-risk-related contingent features which include, but are not limited to, a percentage decline in the Fund’s NAV over a specified time period. If an event occurred at March 31, 2014 that triggered a contingent feature, the counterparty to the agreement may require the Fund to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with the credit-risk-related contingent features would be the total of derivatives in net liability positions for the Fund, as disclosed on page 75. At March 31, 2014, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

The effect of such derivative instruments on the India Earnings Fund’s financial position as reflected in the Statements of Assets and Liabilities is presented in the summary below:

 

Fund    Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

India Earnings Fund (consolidated)

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts    $       Unrealized depreciation on forward foreign currency contracts    $ 3,527   

The effect of such derivative instruments on the India Earnings Fund’s financial performance as reflected in the Statement of Operations is presented in the summary below:

 

Fund    Amount of Realized
Gain (Loss) on Derivatives
Recognized in Income1
     Change in Unrealized
Appreciation or (Depreciation)  on
Derivatives Recognized in Income2
 

India Earnings Fund (consolidated)

     

Foreign exchange contracts

   $ 1,935,023       $ (3,527 )
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net change in unrealized appreciation (depreciation) from forward foreign currency contracts and foreign currency related transactions.

 

72   WisdomTree Domestic and International Earnings Funds


Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2014, the volume of derivative activity (based on the average of month-end balances) was as follows:

 

      Average Notional  
Fund    Forward foreign
currency contracts
(to deliver)
     Forward foreign
currency contracts
(to receive)
 

India Earnings Fund (consolidated)

     

Foreign exchange contracts

   $ 1,303,567       $ 677,664   

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premiums and discounts, is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statement of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of forward foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies on the Statement of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses — Under the investment advisory agreement for each Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions (which includes interest expense on loans); (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.

The internal expenses of pooled investments vehicles in which the Fund may invest (acquired fund fees and expenses) are not expenses of the Fund 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% 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 India Earnings Fund may enter into forward foreign currency contracts to facilitate local securities settlements or to protect against currency exposure in connection with distributions to shareholders. The India Earnings Fund does not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The India Earnings Fund may not enter into such contracts for speculative purposes.

Forward Foreign Currency Transactions — A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally has no margin deposit requirement, and no commissions are charged at any stage for trades.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold.

 

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Notes to Financial Statements (continued)

 

The following Forward Contracts were open at March 31, 2014:

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Loss
 

India Earnings Fund (consolidated)

                                               
     4/2/2014      USD        7,658,834         INR        457,194,096       $ (3,527

Currency Legend:

INR – Indian rupee

USD – U.S. dollar

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

As of March 31, 2014, the Funds did not have any securities on loan.

Master Netting Arrangements — Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are typically calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty non-performance.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

 

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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, if any at March 31, 2014, are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2014, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     Assets          Liabilities  
    Gross Amounts
Presented in the
Statement of
Assets and
Liabilities
    Gross Amounts Not Offset
in the Statement of
Assets and Liabilities
    Net Amount         Gross Amounts
Presented in the
Statement of
Assets and
Liabilities
    Gross Amounts Not Offset
in the Statement of
Assets and Liabilities
    Net Amount  
Fund     Financial
Instruments
    Collateral
Received
          Financial
Instruments
    Collateral
Pledged
   

India Earnings Fund (consolidated)

                                                                 

Forward Foreign Currency Contracts

  $      $      $      $        $ 3,527      $      $      $ 3,527   

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with U.S. Federal income tax regulations which may differ from GAAP. 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 U.S. Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions which exceed earnings and profit for tax purposes are reported as a tax return of capital. The India Earnings Fund has filed an election to treat the Portfolio as a “pass-through” entity for tax purposes.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for MCM to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges 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 generally described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

Fund    Advisory
Fee Rate
 

Total Earnings Fund

     0.28

Earnings 500 Fund

     0.28

MidCap Earnings Fund

     0.38

SmallCap Earnings Fund

     0.38

LargeCap Value Fund

     0.38

India Earnings Fund (consolidated)

     0.83

 

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Table of Contents

Notes to Financial Statements (continued)

 

Each Fund may purchase shares of affiliated exchange traded funds in secondary market transactions. For the fiscal year ended March 31, 2014, WTAM waived its advisory fees for each Fund’s investment associated with daily uninvested cash in correlated affiliated Funds net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of the advisory fee received from the affiliated Funds. Please see Note 8 for additional information on Other Affiliated Parties and Transactions. The table below indicates the waiver.

 

Fund    Advisory Fees
Waived
 

Total Earnings Fund

   $   

Earnings 500 Fund

       

MidCap Earnings Fund

     2,285   

SmallCap Earnings Fund

       

LargeCap Value Fund

       

India Earnings Fund (consolidated)

       

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2014, there was an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. The India Earnings Fund issues and redeems shares on a cash basis only. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding in-kind capital share transactions and short-term investments) for the fiscal year ended March 31, 2014 were as follows:

 

Fund    Purchases      Sales  

Total Earnings Fund

   $ 7,815,844       $ 9,024,157   

Earnings 500 Fund

     12,035,768         12,642,010   

MidCap Earnings Fund

     142,708,061         145,053,660   

SmallCap Earnings Fund

     182,104,118         184,251,093   

LargeCap Value Fund

     17,364,948         17,359,157   

India Earnings Fund (consolidated)

     397,578,666         591,000,394   

For the fiscal year ended March 31, 2014, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:

 

Fund    Purchases      Sales  

Total Earnings Fund

   $ 12,924,063       $ 5,311,629   

Earnings 500 Fund

     30,461,861         8,818,030   

MidCap Earnings Fund

     335,488,599         107,417,126   

SmallCap Earnings Fund

     326,991,374         133,469,339   

LargeCap Value Fund

     2,898,225         5,752,218   

India Earnings Fund (consolidated)

               

Gains and losses on in-kinds redemptions are not recognized by the Funds for tax purposes.

 

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Table of Contents

Notes to Financial Statements (continued)

 

6. FEDERAL INCOME TAXES

At March 31, 2014, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation
 

Total Earnings Fund

   $ 52,185,581       $ 19,378,692       $ (467,912    $ 18,910,780   

Earnings 500 Fund

     78,636,710         23,337,645         (735,967      22,601,678   

MidCap Earnings Fund

     440,357,840         78,984,040         (5,126,473      73,857,567   

SmallCap Earnings Fund

     395,242,471         55,259,776         (11,262,556      43,997,220   

LargeCap Value Fund

     20,486,973         5,899,300         (53,816      5,845,484   

India Earnings Fund (consolidated)

     757,231,523         209,347,737         (29,450,737      179,897,000   

At March 31, 2014, the components of accumulated earnings /(loss) on a tax basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation
     Currency
Unrealized
Depreciation
     Total Accumulated
Earnings/(Losses)
 

Total Earnings Fund

   $ 29,716       $ (6,257,590    $ 18,910,780       $       $ 12,682,906   

Earnings 500 Fund

     39,440         (19,957,184      22,601,678                 2,683,934   

MidCap Earnings Fund

     285,894         (15,557,299      73,857,567                 58,586,162   

SmallCap Earnings Fund

     162,042         (15,294,075      43,997,220                 28,865,187   

LargeCap Value Fund

     8,590         (9,150,261      5,845,484                 (3,296,187

India Earnings Fund (consolidated)

     2,382,103         (349,535,832      179,897,000         (43,805      (167,300,534

The tax character of distributions paid during the fiscal years ended March 31, 2014 and March 31, 2013, was as follows:

 

      Year Ended
March 31, 2014
     Year Ended
March 31, 2013
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
 

Total Earnings Fund

   $ 1,072,580       $ 982,617   

Earnings 500 Fund

     1,541,118         1,286,555   

MidCap Earnings Fund

     4,021,507         2,891,169   

SmallCap Earnings Fund

     2,900,663         2,911,993   

LargeCap Value Fund

     291,377         639,542   

India Earnings Fund (consolidated)

     11,794,964         8,238,846   
  * Includes short-term capital gains.

At March 31, 2014, for Federal income tax purposes, the Funds have capital carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund    Capital Loss
Available
Through 2016
     Capital Loss
Available
Through 2017
     Capital Loss
Available
Through 2018
     Capital Loss
Available
Through 2019
     Short-Term
Post-Effective
No  Expiration*
     Long-Term
Post-Effective
No  Expiration*
     Capital Loss
Available
Total
 

Total Earnings Fund

   $ 133,369       $ 451,951       $ 3,393,418       $ 935,380       $       $ 1,168,074       $ 6,082,192   

Earnings 500 Fund

     194,476         1,286,040         10,811,338         4,536,572         59,681         2,806,301         19,694,408   

MidCap Earnings Fund

     354,730         1,545,771         6,328,159         346,722         3,930,335         2,803,016         15,308,733   

SmallCap Earnings Fund

     31,705         1,465,208         4,654,874         921,406         3,000,084         4,793,290         14,866,567   

LargeCap Value Fund

                     8,854,796         295,465                         9,150,261   

India Earnings Fund (consolidated)

     1,179         20,567,350         7,978,486         6,294,051         63,911,979         206,628,241         305,381,286   
  * Under the recently enacted Regulated Investment Company Modernization Act of 2010, a Fund is permitted to carry forward any new capital losses for an unlimited period. Additionally, such capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. The character of these losses is noted above.

Capital losses incurred after October 31 (“post-October capital losses”) and within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

 

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Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2014, the following Funds incurred and will elect to defer post October capital losses as follows:

 

Fund    Short-Term
Post-October
Capital  Losses
     Long-Term
Post-October
Capital  Losses
 

Total Earnings Fund

   $ 2,612       $ 172,786   

Earnings 500 Fund

             262,776   

MidCap Earnings Fund

     248,566           

SmallCap Earnings Fund

             427,508   

LargeCap Value Fund

               

India Earnings Fund (consolidated)

             44,154,546   

During the fiscal year ended March 31, 2014, the following utilized capital loss carryforwards of the noted amounts to offset realized gains:

 

Fund    Utilized
Capital Loss
Carryforwards
 

Total Earnings Fund

   $   

Earnings 500 Fund

     3,108   

MidCap Earnings Fund

       

SmallCap Earnings Fund

       

LargeCap Value Fund

     1,098,364   

India Earnings Fund (consolidated)

       

At March 31, 2014, the effect of permanent to book/tax reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated Net
Realized Gain/
(Loss)
     Paid-in Capital  

Total Earnings Fund

   $       $ (2,407,399    $ 2,407,399   

Earnings 500 Fund

             (3,639,179      3,639,179   

MidCap Earnings Fund

             (35,688,698      35,688,698   

SmallCap Earnings Fund

             (41,159,460      41,159,460   

LargeCap Value Fund

             (1,625,451      1,625,451   

India Earnings Fund (consolidated)

     (1,314,172      1,314,172           

These differences are primarily due to redemption-in-kind, foreign currency transactions, and Passive Foreign Investment Companies (“PFICs”).

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2014, the Funds did not have any liabilities for unrecognized tax benefits. 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, and with respect to the India Earnings Fund, the Republic of Mauritius. Generally, each of the tax years in the four-year period ended March 31, 2014, remains subject to examination by taxing authorities.

7. MAURITIUS INCOME TAX

The taxable profits derived from the worldwide income of the wholly owned subsidiary of the India Earnings Fund, the Portfolio, is subject to income tax at the rate of 15% in the Republic of Mauritius. As with all Mauritian tax residents, the Portfolio is entitled to a foreign tax credit (“FTC”) on its foreign sourced income. The FTC is based on the lower of the Mauritian tax or the foreign taxes suffered. Where documentary evidence is not available to substantiate the foreign taxes suffered, the FTC can be presumed to be 80% of the Mauritius tax on its foreign source income. The presumed FTC effectively reduces the Mauritian income tax rate on the foreign sourced income of the Portfolio to a maximum of 3%. Interest income on call and deposit accounts with Mauritian banks is

 

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Table of Contents

Notes to Financial Statements (concluded)

 

exempt from tax, and there is no tax on capital gains in Mauritius. Effective August 8, 2012, in connection with the new advisory agreement, the Mauritius income tax is paid by WTAM.

8. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are Funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the fiscal year ended March 31, 2014 are as follows:

 

Fund    Value at
3/31/2013
     Purchases/
Additions
     Sales/
Reductions
     Value at
3/31/2014
     Dividend
Income
 

Earnings 500 Fund

  

WisdomTree Equity Income Fund

   $ 168,569       $ 983,420       $ 1,100,544       $ 64,716       $ 6,859   

MidCap Earnings Fund

                                            

WisdomTree MidCap Dividend Fund

   $ 824,711       $ 4,143,409       $ 2,366,575       $ 2,818,720       $ 39,087   

SmallCap Earnings Fund

                                            

WisdomTree MidCap Earnings Fund

   $ 1,178,467       $ 1,504,717       $ 2,201,906       $ 600,672       $ 9,334   

LargeCap Value Fund

                                            

WisdomTree Earnings 500 Fund

   $ 41,523       $ 187,726       $ 201,572       $ 30,480       $ 791   

WisdomTree MidCap Earnings Fund

     17,708         81,091         87,829         13,064         231   

Total

   $ 59,231       $ 268,817       $ 289,401       $ 43,544       $ 1,022   

9. DEMAND NOTE

During the fiscal year ended March 31, 2014, the India Earnings Fund had a demand note agreement with Bank of America, N.A. which allowed the Fund to borrow up to $126,319,000 and having a final maturity date of October 7, 2013. During the fiscal year ended March 31, 2014, the Fund utilized the demand note and borrowed for a period of 14 days with an average outstanding note balance of $50,749,286 and a weighted average interest rate of 2.56% per annum. Interest expense related to the note for the fiscal year ended March 31, 2014 was $49,734. At March 31, 2014, the Fund did not have any amounts outstanding under the demand note agreement.

10. RECENT ACCOUNTING PRONOUNCEMENT

In June 2013, the FASB issued Accounting Standards Update 2013-08 “Financial Services-Investment Companies” (“ASU 2013-08”). ASU 2013-08 provides clarifying guidance to determine if an entity qualifies as an investment company. ASU 2013-08 also requires an investment company to measure non-controlling interests in other investment companies at fair value. The following disclosures will also be required upon adoption of ASU 2013-08: (i) whether an entity is an investment company and is applying the accounting and reporting guidance for investment companies; (ii) information about changes, if any, in an entity’s status as an investment company; and (iii) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The requirements of ASU 2013-08 are effective for fiscal years that begin after December 15, 2013.

At this time, management is evaluating the implications of ASU 2013-08 and its impact on the Trust’s financial statements.

11. ADDITIONAL INFORMATION

In September 2013, the Funds entered into agreements to change transfer agency, custody, fund accounting, fund administration and securities lending services from Bank of New York Mellon to State Street Bank and Trust Company, effective April 1, 2014.

 

WisdomTree Domestic and International Earnings Funds      79   


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Report of Independent Registered Public Accounting Firm

 

The Board of Trustees and Shareholders of WisdomTree Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree LargeCap Value Fund and WisdomTree India Earnings Fund (consolidated) (six of the investment funds constituting WisdomTree Trust (the “Trust”)) as of March 31, 2014, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree LargeCap Value Fund and WisdomTree India Earnings Fund (consolidated) of WisdomTree Trust at March 31, 2014, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

May 30, 2014

 

80   WisdomTree Domestic and International Earnings Funds


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Trustees and Officers Information (unaudited)

 

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held
with the Trust,
Term of Office
and Length of
Time Served

 

Principal Occupation(s)

During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by
Trustee/Officer+
 

Other
Directorships
Held by Trustee
During Past 5 Years

David G. Chrencik*

(1948)

  Trustee, 2014 – present   Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) since 2010; Chief Financial Officer of Sarus Indochina Select LP Hedge Fund since 2012; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).   62   Trustee, Vericimetry Funds

Joel Goldberg**

(1945)

  Trustee, 2012 – present   Attorney, Of Counsel/Partner at Stroock & Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.   62   None

Melinda A. Raso Kirstein

(1955)

  Trustee, 2014 – present   Retired, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.   62   Associate Alumnae of Douglass College, Member of Investment Committee

Toni Massaro***

(1955)

  Trustee, 2006 – present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 1990.   62   None

Victor Ugolyn

(1947)

  Trustee, 2006 – present; Chairman of the Board of Trustees, 2006 – present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.   62   Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame

 

+ As of March 31, 2014

 

* Chair of the Audit Committee.

 

** Chair of the Contracts Review Committee.

 

*** Chair of the Governance and Nominating Committee.

 

WisdomTree Domestic and International Earnings Funds      81   


Table of Contents

Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth of
Trustee/Officer

 

Position(s) Held
with the Trust,
Term of Office
and Length of
Time Served

 

Principal Occupation(s)

During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
 

Other Directorships
Held by Trustee
During Past 5 Years

Jonathan Steinberg****

(1964)

 

Trustee, 2005 – present

President, 2005 – present

  President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.   62   Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.

David Castano****

(1971)

  Treasurer, 2013 – present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006.   62   None

Ryan Louvar****

(1972)

  Secretary and Chief Legal Officer, 2013 – present   General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.   62   None

Sarah English****

(1977)

  Assistant Secretary, 2013 – present   Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009.   62   None

Terry Jane Feld****

(1960)

  Chief Compliance Officer, 2012 – present   Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life Insurance Co., 2004 to 2007.   62   None

 

+ As of March 31, 2014

 

**** Elected by and serves at the pleasure of the Board.

 

82   WisdomTree Domestic and International Earnings Funds


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Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year ended March 31, 2014, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2015.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2014, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Total Earnings Fund

   $ 1,072,580   

Earnings 500 Fund

     1,541,118   

MidCap Earnings Fund

     4,021,507   

SmallCap Earnings Fund

     2,900,202   

LargeCap Value Fund

     291,377   

India Earnings Fund (consolidated)

     11,794,964   

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2014, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction
 

Total Earnings Fund

     100.00

Earnings 500 Fund

     100.00

MidCap Earnings Fund

     100.00

SmallCap Earnings Fund

     99.93

LargeCap Value Fund

     100.00

India Earnings Fund (consolidated)

     0.00

The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2014, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Total Earnings Fund

   $       $   

Earnings 500 Fund

               

MidCap Earnings Fund

               

SmallCap Earnings Fund

               

LargeCap Value Fund

               

India Earnings Fund (consolidated)

     21,302,830         1,252   

 

WisdomTree Domestic and International Earnings Funds      83   


Table of Contents

General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Special Shareholder Meeting Results

A special meeting of shareholders of WisdomTree Trust (the “Trust”) was held on March 11, 2014 and the three Trustees identified below were elected by the Trust’s shareholders. Election of Trustees was the only matter proposed for voting at the special meeting and the following is a report of the votes cast:

 

Nominee*    For      Withheld  

David Chrencik

     564,021,648         4,593,018   

Joel Goldberg

     564,748,510         3,866,156   

Melinda Raso Kirstein

     563,676,336         4,938,330   
  * Joel Goldberg is an existing Trustee of the Trust who had not previously been elected by shareholders, while David Chrencik and Melinda Raso Kirstein are newly elected Trustees.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Funds’ Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

84   WisdomTree Domestic and International Earnings Funds


Table of Contents

The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2014:

 

WisdomTree Domestic Dividend Funds

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree U.S. Dividend Growth Fund (DGRW)

 

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

 

WisdomTree International Dividend Funds

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree Global Equity Income Fund (DEW)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

WisdomTree Korea Hedged Equity Fund (DXKW)

 

WisdomTree International Dividend

Sector Funds

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

WisdomTree Global ex-U.S. Utilities Fund (DBU)

 

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

  

WisdomTree Domestic and International

Earnings Funds

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

 

WisdomTree Commodity Currency Strategy Fund (CCX)

 

WisdomTree Emerging Currency Strategy Fund (CEW)

 

WisdomTree Indian Rupee Strategy Fund (ICN)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

 

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

 

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Euro Debt Fund (EU)

 

WisdomTree Global Corporate Bond Fund (GLCB)

 

WisdomTree Japan Interest Rate Strategy Fund (JGBB)

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. The WisdomTree India Earnings Fund focuses its investments in India, thereby increasing the impact of events and developments associated with the region which can adversely affect performance. Investments in emerging, offshore or frontier markets such as India 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. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Domestic and International Earnings Funds

WisdomTree Total Earnings Fund

WisdomTree Earnings 500 Fund

WisdomTree MidCap Earnings Fund

WisdomTree SmallCap Earnings Fund

WisdomTree LargeCap Value Fund

WisdomTree India Earnings Fund

WisdomTree Fund shares are distributed by ALPS Distributors, Inc.

WIS006646 5/2015


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

International Dividend and Sector Funds

 

Annual Report

March 31, 2014

WisdomTree DEFA Fund (DWM)

WisdomTree DEFA Equity Income Fund (DTH)

WisdomTree Global Equity Income Fund (DEW)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

(formerly, WisdomTree Global ex-U.S. Growth Fund)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

WisdomTree Australia Dividend Fund (AUSE)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International Dividend ex-Financials Fund (DOO)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Emerging Markets Equity Income Fund (DEM)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Middle East Dividend Fund (GULF)

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Commodity Country Equity Fund (CCXE)

WisdomTree Global Natural Resources Fund (GNAT)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

WisdomTree China Dividend ex-Financials Fund (CHXF)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree Korea Hedged Equity Fund (DXKW)


Table of Contents

Table of Contents

 

 

Management’s Discussion of Funds’ Performance (unaudited)

       1   

Performance Summaries (unaudited)

       4   

Description of Indexes (unaudited)

       32   

Shareholder Expense Examples (unaudited)

       36   
Schedules of Investments     

WisdomTree DEFA Fund

       39   

WisdomTree DEFA Equity Income Fund

       47   

WisdomTree Global Equity Income Fund

       52   

WisdomTree Europe SmallCap Dividend Fund

       58   

WisdomTree Japan Hedged Equity Fund

       61   

WisdomTree Global ex-U.S. Dividend Growth Fund

       65   

WisdomTree Japan SmallCap Dividend Fund

       69   

WisdomTree Asia Pacific ex-Japan Fund

       76   

WisdomTree Australia Dividend Fund

       79   

WisdomTree International LargeCap Dividend Fund

       81   

WisdomTree International Dividend ex-Financials Fund

       84   

WisdomTree International MidCap Dividend Fund

       86   

WisdomTree International SmallCap Dividend Fund

       92   

WisdomTree Emerging Markets Equity Income Fund

       101   

WisdomTree Emerging Markets SmallCap Dividend Fund

       105   

WisdomTree Middle East Dividend Fund

       111   

WisdomTree Europe Hedged Equity Fund

       112   

WisdomTree Commodity Country Equity Fund

       114   

WisdomTree Global Natural Resources Fund

       116   

WisdomTree Global ex-U.S. Utilities Fund

       118   

WisdomTree Global ex-U.S. Real Estate Fund

       120   

WisdomTree China Dividend ex-Financials Fund

       123   

WisdomTree United Kingdom Hedged Equity Fund

       125   

WisdomTree Japan Hedged SmallCap Equity Fund

       128   

WisdomTree Emerging Markets Dividend Growth Fund

       135   

WisdomTree Emerging Markets Consumer Growth Fund

       137   

WisdomTree Germany Hedged Equity Fund

       140   

WisdomTree Korea Hedged Equity Fund

       142   

Statements of Assets and Liabilities

       143   

Statements of Operations

       147   

Statements of Changes in Net Assets

       151   

Financial Highlights

       160   

Notes to Financial Statements

       176   

Report of Independent Registered Public Accounting Firm

       204   

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

       205   

Trustees and Officer Information (unaudited)

       207   

Supplemental Information (unaudited)

       209   

General Information (unaudited)

       211   

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


Table of Contents

Management’s Discussion of Funds’ Performance (unaudited)

 

Market Environment Overview

The international equity markets, measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned 17.56% in the 12-month period that ended March 31, 2014 (the “period”). Compared to peak levels reached in 2007, the MSCI EAFE Index is still down on a cumulative basis by approximately 3%. The emerging markets, shown through the MSCI Emerging Markets Index, failed to keep pace with the developed world markets for the period. The MSCI Emerging Markets Index returned -1.43%, which was over 23 percentage points behind the S&P 500 Index and almost 19 percentage points behind the MSCI EAFE Index.

Although the MSCI EAFE Index lagged the broad U.S. domestic markets, it was still a strong performance year for international equity markets. The ability for the European region to return to positive economic growth and see peripheral debt concerns abate significantly helped the international equity markets trend higher. Also, Japan helped contribute with strong positive performance, mainly due to broad monetary and fiscal stimulus enacted by Prime Minister Shinzo Abe with the goal of stimulating inflation and invigorating the economy. Broad emerging market equities continued to lag both U.S. and international developed markets. It seems investors have continued to sell higher risk emerging market equities to try and catch the performance of the U.S. and developed international markets. This trend has resulted from a continual slowdown of Chinese economic growth and fears that higher interest rates in the U.S. could be negative for emerging market countries.

All of the sectors within the MSCI EAFE Index had positive performance over the period, but returns in the Telecommunication Services, Consumer Discretionary and Utilities sectors were the best performers. The Telecommunications and Utilities sectors typically utilize higher leverage on their balance sheets so they benefited from the lowered financing costs across the European periphery as fears of a Eurozone debt crisis passed. The Consumer Discretionary sector tends to be an economically sensitive sector, so it was able to benefit from the region returning to positive growth and improvements in consumer sentiment. The Energy and Materials sectors were two of the worst performing sectors over the period and this can be partly attributed to a slower than expected demand from emerging market countries. As a result, a similar story unfolded in the emerging markets, with the Energy and Materials sectors recording negative performances over the period.

WisdomTree Fund’s Performance Overview

Measured in local currency, the MSCI EAFE Index returned 15.41% over the period. The foreign currency component of the developed world returns added approximately 2 percentage points to the returns of the MSCI EAFE Index. During the period, both the euro and pound appreciated against the U.S. dollar, strengthening by over 7% and 9%, respectively. On the other hand, the Japanese yen depreciated by over 8% against the U.S. dollar. Weakening currencies relative to the U.S. dollar decrease the value of foreign investments measured in U.S. dollars and tend to decrease returns experienced by U.S. investors who invest overseas, while strengthening currencies relative to the U.S. dollar have the opposite effect.

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

 

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

DWM

  WisdomTree DEFA Fund   19.43%   MSCI EAFE Index     17.56%         1.87%

DTH

  WisdomTree DEFA Equity Income Fund   21.82%   MSCI EAFE Value Index     20.25%         1.57%

DEW

  WisdomTree Global Equity Income Fund   13.13%   MSCI AC World Index     16.55%         -3.42%

DFE

  WisdomTree Europe SmallCap Dividend Fund   53.06%   MSCI Europe Small Cap Index     40.44%         12.62%

 

WisdomTree International Dividend and Sector Funds      1   


Table of Contents

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

 

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

DXJ

  WisdomTree Japan Hedged Equity Fund   13.48%   MSCI Japan Local Currency Index     17.78%         -4.30%

DNL

  WisdomTree Global ex-U.S. Dividend Growth Fund   2.53%   MSCI AC World ex-USA Growth Index     10.84%         -8.31%

DFJ

  WisdomTree Japan SmallCap Dividend Fund   5.41%   MSCI Japan Small Cap Index     6.53%         -1.12%

AXJL

  WisdomTree Asia Pacific ex-Japan Fund   -0.98%   MSCI AC Asia Pacific ex-Japan Index     2.42%         -3.40%

AUSE

  WisdomTree Australia Dividend Fund   -0.59%   MSCI Australia Index     1.17%         -1.76%

DOL

  WisdomTree International LargeCap Dividend Fund   18.35%   MSCI EAFE Index     17.56%         0.79%

DOO

  WisdomTree International Dividend ex-Financials Fund   22.58%   MSCI EAFE Value Index     20.25%         2.33%

DIM

  WisdomTree International MidCap Dividend Fund   20.22%   MSCI EAFE Mid Cap Index     19.92%         0.30%

DLS

  WisdomTree International SmallCap Dividend Fund   22.26%   MSCI EAFE Small Cap Index     23.26%         -1.00%

DEM

  WisdomTree Emerging Markets Equity Income Fund   -6.22%   MSCI Emerging Markets Index     -1.43%         -4.79%

DGS

  WisdomTree Emerging Markets SmallCap Dividend Fund   -6.08%   MSCI Emerging Markets Small Cap Index     0.40%         -6.48%

GULF

  WisdomTree Middle East Dividend Fund   44.12%   MSCI Arabian Markets ex Saudi Arabia Index     33.42%         10.70%

HEDJ

  WisdomTree Europe Hedged Equity Fund   15.73%   MSCI EMU Local Currency Index     23.95%         -8.22%

CCXE

  WisdomTree Commodity Country Equity Fund   -0.22%   MSCI ACWI ex-USA Index     12.31%         -12.53%

GNAT

  WisdomTree Global Natural Resources Fund   -2.72%   S&P Global Natural Resources Index     2.46%         -5.18%

DBU

  WisdomTree Global ex-U.S. Utilities Fund   14.34%   S&P Developed Ex-U.S. BMI Utilities Sector Index     23.55%         -9.21%

DRW

  WisdomTree Global ex-U.S. Real Estate Fund   -2.70%   Dow Jones Global ex-U.S. Select Real Estate Securities Index     0.75%         -3.45%

CHXF

  WisdomTree China Dividend ex-Financials Fund   -1.32%   MSCI China Index     2.20%         -3.52%
            FTSE 25 China Index     0.73%         -2.05%

DXPS

  WisdomTree United Kingdom Hedged Equity Fund1   9.36%   MSCI United Kingdom Local Currency Index     8.58%         0.78%

DXJS

  WisdomTree Japan Hedged SmallCap Equity Fund1   11.37%   MSCI Japan Small Cap Local Currency Index     12.85%         -1.48%

DGRE

  WisdomTree Emerging Markets Dividend Growth Fund2   -0.33%   MSCI Emerging Markets Index     5.38%         -5.71%

EMCG

  WisdomTree Emerging Markets Consumer Growth Fund3   -0.63%   MSCI Emerging Markets Index     0.14%         -0.77%

DXGE

  WisdomTree Germany Hedged Equity Fund4   7.88%   MSCI Germany Local Currency Index     8.24%         -0.36%

DXKW

  WisdomTree Korea Hedged Equity Fund5   -5.97%   MSCI South Korea Local Currency Index     -1.13%         -4.84%
1 

Total returns shown are for the period June 28, 2013 (commencement of operations) to March 31, 2014.

2 

Total returns shown are for the period August 1, 2013 (commencement of operations) to March 31, 2014.

3 

Total returns shown are for the period September 27, 2013 (commencement of operations) to March 31, 2014.

4 

Total returns shown are for the period October 17, 2013 (commencement of operations) to March 31, 2014.

5 

Total returns shown are for the period November 7, 2013 (commencement of operations) to March 31, 2014.

WisdomTree’s international dividend-weighted funds are designed to track indexes based on the dividend stream generated by the companies included in the index. The dividend stream is defined as the sum of all dividends paid over the prior 12 months for each company. There are two primary factors that drive performance differentials versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors

 

2   WisdomTree International Dividend and Sector Funds


Table of Contents

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

 

or countries. The second is stock selection within each sector or country. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend stream.

The best performing Fund for the year was the WisdomTree Europe SmallCap Dividend Fund. Smaller capitalization firms led the European equity markets higher after the region seemed able to avert a peripheral debt crisis and economic indicators pointed towards expansion. The WisdomTree Europe SmallCap Dividend Fund returned 53.06% for the period. The Fund’s benchmark, the MSCI Europe Small Cap Index returned 40.44% for the same period. Performance among large capitalization firms within Europe were also positive, with the WisdomTree Europe Hedged Equity Fund returning 15.73%, but they were unable to keep pace with smaller capitalization firms. Many larger firms tend to be export focused, so the strengthening currencies provided a headwind for revenue growth. The euro strengthened over 7% during the period, which further negatively impacted the WisdomTree Europe Hedged Equity Fund since the Fund hedges the exposure of the euro.

The WisdomTree Japan Hedged Equity Fund delivered a 13.48% return over the year, most of it coming in the 2013 calendar part of the period. Japan’s economic policy, aggressive inflation target and accommodative central bank helped equities march higher. The yen weakened over 8 percent during the time period which helped contribute to the positive performance of the WisdomTree Japan Hedged Equity Fund. As a result of yen weakening, the WisdomTree Japan Small Cap Dividend Fund was only able to return 5.41% for the period since it does not hedge against the currency.

While the overall emerging markets lagged both the broad U.S. and developed international markets, there was a noticeable difference in performance between the different sectors and countries. The WisdomTree Emerging Markets Equity Income Fund returned -6.22%, while the MSCI Emerging Markets Index was down -1.43% for the period. The WisdomTree Emerging Market Equity Income Fund was overweight more economic cyclical sectors like Energy and Materials, while underweight more consumer focused sectors like Consumer Discretionary and Information Technology. While the consumer focused sectors have had positive performance over the past few years, we do not feel the fundamentals have improved commensurately. At the same time, although the Energy and Materials sectors continue to underperform in the emerging markets, we feel the fundamentals, in general, have seen improvement.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information.

Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and are not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.

 

WisdomTree International Dividend and Sector Funds      3   


Table of Contents

Performance Summary (unaudited)

WisdomTree DEFA Fund (DWM)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    25.3%   

Industrials

    11.7%   

Telecommunication Services

    9.6%   

Consumer Staples

    9.4%   

Consumer Discretionary

    9.4%   

Energy

    9.0%   

Health Care

    8.2%   

Utilities

    7.2%   

Materials

    6.9%   

Information Technology

    2.6%   

Investment Companies

    0.1%   

Other Assets less Liabilities

    0.6%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Banco Santander S.A.

    2.0%   

Total SA

    1.5%   

HSBC Holdings PLC

    1.5%   

Commonwealth Bank of Australia

    1.4%   

China Mobile Ltd.

    1.4%   

BP PLC

    1.4%   

Westpac Banking Corp.

    1.4%   

Nestle SA

    1.3%   

Royal Dutch Shell PLC Class A

    1.3%   

Novartis AG

    1.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

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

The Fund returned 19.43% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its investment in France, which contributed positively to performance. The Fund’s position in Hong Kong detracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
DEFA Index
     MSCI EAFE Index  

One Year

       19.43      18.96      19.56      17.56

Three Year

       7.68      7.63      7.74      7.21

Five Year

       16.05      16.12      16.28      16.02

Since Inception1

       4.82      4.84      5.20      4.14
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

4   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree DEFA Equity Income Fund (DTH)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    25.3%   

Telecommunication Services

    14.3%   

Energy

    11.7%   

Utilities

    10.9%   

Industrials

    9.2%   

Health Care

    7.4%   

Materials

    7.3%   

Consumer Staples

    6.0%   

Consumer Discretionary

    5.8%   

Information Technology

    1.6%   

Investment Companies

    0.0%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Banco Santander S.A.

    2.7%   

Total SA

    2.5%   

BP PLC

    2.3%   

China Mobile Ltd.

    2.3%   

Novartis AG

    2.1%   

Commonwealth Bank of Australia

    2.0%   

HSBC Holdings PLC

    2.0%   

Royal Dutch Shell PLC Class B

    1.9%   

Westpac Banking Corp.

    1.9%   

GlaxoSmithKline PLC

    1.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

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

The Fund returned 21.82% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most from its investment in France, which had positive performance. The Fund’s position in Singapore was a drag on the Fund’s performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs. NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
DEFA Equity
Income Index
     MSCI EAFE
Value Index
 

One Year

       21.82      21.17      21.85      20.25

Three Year

       8.11      7.95      8.17      7.16

Five Year

       16.32      16.33      16.62      16.11

Since Inception1

       4.19      4.12      4.80      3.41
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      5   


Table of Contents

Performance Summary (unaudited)

WisdomTree Global Equity Income Fund (DEW)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    25.1%   

Telecommunication Services

    14.8%   

Energy

    12.4%   

Utilities

    10.3%   

Health Care

    8.5%   

Materials

    7.6%   

Consumer Staples

    7.5%   

Industrials

    6.9%   

Consumer Discretionary

    4.2%   

Information Technology

    2.2%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Banco Santander S.A.

    1.6%   

AT&T, Inc.

    1.6%   

Verizon Communications, Inc.

    1.5%   

Total SA

    1.4%   

China Construction Bank Corp. Class H

    1.3%   

China Mobile Ltd.

    1.3%   

Pfizer, Inc.

    1.3%   

Commonwealth Bank of Australia

    1.3%   

Novartis AG

    1.2%   

BP PLC

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

The WisdomTree Global Equity Income Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global Equity Income Index.

The Fund returned 13.13% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most from its investment in France, which had positive performance. The Fund’s position in Brazil was a drag on the Fund’s performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Europe Equity Income/
Global Equity Income
Spliced Index1
     MSCI
Europe Value/
MSCI AC World
Spliced Index2
 

One Year

       13.13      11.64      13.56      16.55

Three Year

       6.75      6.31      6.92      8.55

Five Year

       17.41      17.19      17.62      19.63

Since Inception3

       3.95      3.78      4.30      4.38
1 

WisdomTree Europe Equity Income Index through June 19,2009; WisdomTree Global Equity Income Index thereafter.

2 

MSCI Europe Value Index through June 19, 2009; MSCI AC World Index thereafter.

3 

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

 

LOGO

 

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

6   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Industrials

    25.7%   

Financials

    16.9%   

Information Technology

    15.6%   

Consumer Discretionary

    15.0%   

Materials

    7.6%   

Consumer Staples

    5.4%   

Health Care

    4.8%   

Telecommunication Services

    4.4%   

Energy

    2.6%   

Utilities

    1.0%   

Investment Companies

    0.2%   

Other Assets less Liabilities

    0.8%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Logitech International S.A.

    3.6%   

Drillisch AG

    3.0%   

Unipol Gruppo Finanziario SpA

    2.8%   

Intesa Sanpaolo SpA RSP

    2.2%   

Holmen AB Class B

    1.8%   

Atea ASA

    1.5%   

Leoni AG

    1.4%   

Basilea Pharmaceutica AG

    1.2%   

Peab AB

    1.1%   

Leroey Seafood Group ASA

    1.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

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

The Fund returned 53.06% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in the United Kingdom contributed to performance while its position in Belgium contributed the least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Europe
SmallCap
Dividend Index
     MSCI Europe
Small Cap Index
 

One Year

       53.06      54.14      54.25      40.44

Three Year

       16.43      16.51      16.93      13.06

Five Year

       27.36      27.42      28.15      26.75

Since Inception1

       7.94      7.81      8.31      8.52
1 

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

 

LOGO

 

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      7   


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

 

Sector Breakdown† as of 3/31/14

 

Sector

  % of Net Assets  

Industrials

    26.9%   

Consumer Discretionary

    21.9%   

Information Technology

    15.1%   

Health Care

    10.3%   

Materials

    9.0%   

Consumer Staples

    9.0%   

Financials

    6.5%   

Energy

    0.0%   

Other Assets less Liabilities

    1.3%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Mitsubishi UFJ Financial Group, Inc.

    4.6%   

Canon, Inc.

    4.6%   

Toyota Motor Corp.

    4.6%   

Takeda Pharmaceutical Co., Ltd.

    4.3%   

Honda Motor Co. Ltd.

    3.8%   

Japan Tobacco, Inc.

    3.4%   

Nissan Motor Co. Ltd.

    2.7%   

Mitsubishi Corp.

    2.7%   

Mitsui & Co., Ltd.

    2.6%   

Astellas Pharma, Inc.

    2.0%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Japan Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. The Fund seeks to provide Japanese equity returns while mitigating or “hedging” against fluctuations between the value of the Japanese yen and the U.S. dollar.

The Fund returned 13.48% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most from its investment in the Information Technology sector, which had positive performance. The Fund’s position in the Health Care sector was a drag on the Fund’s performance as the sector provided negative returns.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Japan Dividend/
Japan Hedged Equity
Spliced Index1
     MSCI Japan/
MSCI Japan
Local Currency
Spliced Index2
 

One Year

       13.48      12.38      14.37      17.78

Three Year

       11.10      11.05      11.35      13.29

Five Year

       10.17      9.47      10.44      12.39

Since Inception3

       0.85      0.85      0.91      1.28
1 

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

2 

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

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

8   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

(formerly WisdomTree Global ex-U.S. Growth Fund)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Consumer Staples

    18.5%   

Consumer Discretionary

    17.2%   

Health Care

    12.4%   

Industrials

    11.7%   

Materials

    9.9%   

Information Technology

    8.3%   

Telecommunication Services

    7.1%   

Financials

    6.5%   

Energy

    5.7%   

Investment Companies

    1.2%   

Utilities

    1.0%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Roche Holding AG – Genusschein

    6.0%   

British American Tobacco PLC

    3.7%   

Hennes & Mauritz AB Class B

    3.3%   

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.3%   

Novo Nordisk A/S Class B

    2.9%   

MMC Norilsk Nickel OJSC

    2.8%   

Inditex SA

    2.1%   

MTN Group Ltd.

    2.1%   

Volkswagen AG

    1.9%   

Unilever N.V.

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

 

The WisdomTree Global ex-U.S. Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Dividend Growth Index.

The Fund returned 2.53% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its position in the Health Care sector. The Fund’s position in Materials contributed to a drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, as last revised October 7, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Japan Equity Income/
Global ex-U.S.  Dividend
Growth Spliced Index1
     MSCI Japan Value/
MSCI AC World
ex-USA Growth
Spliced Index2
 

One Year

       2.53      1.85      3.12      10.84

Three Year

       0.69      0.31      1.49      4.27

Five Year

       11.13      10.59      11.97      15.54

Since Inception3

       2.98      2.99      3.57      4.99
1 

WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree Global ex-U.S. Dividend Growth Index thereafter.

2 

MSCI Japan Value Index through June 19, 2009; MSCI AC World ex-USA Growth Index thereafter.

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      9   


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Industrials

    26.3%   

Consumer Discretionary

    21.5%   

Financials

    11.7%   

Materials

    11.2%   

Information Technology

    11.0%   

Consumer Staples

    10.6%   

Health Care

    4.5%   

Energy

    1.1%   

Utilities

    0.6%   

Investment Companies

    0.5%   

Other Assets less Liabilities

    1.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Minebea Co., Ltd.

    0.8%   

Square Enix Holdings Co., Ltd.

    0.7%   

Azbil Corp.

    0.6%   

UNY Group Holdings Co., Ltd.

    0.6%   

UACJ Corp.

    0.6%   

Kaken Pharmaceutical Co., Ltd.

    0.6%   

Denki Kagaku Kogyo K.K.

    0.5%   

Wacoal Holdings Corp.

    0.5%   

CyberAgent, Inc.

    0.5%   

WisdomTree Japan Hedged Equity Fund

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

 

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

The Fund returned 5.41% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most from its investments in the Industrials sector, which had positive performance. The Fund’s position in the Financials sector was a drag on the Fund’s performance as the sector provided negative returns.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Japan SmallCap
Dividend Index
     MSCI Japan
Small Cap Index
 

One Year

       5.41      4.45      7.52      6.53

Three Year

       7.56      7.50      8.59      7.72

Five Year

       12.13      11.70      13.44      12.80

Since Inception1

       1.60      1.71      2.40      0.96
1 

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

 

LOGO

 

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

10   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    23.8%   

Telecommunication Services

    21.6%   

Materials

    10.7%   

Energy

    9.6%   

Information Technology

    7.7%   

Industrials

    7.4%   

Consumer Staples

    7.0%   

Consumer Discretionary

    4.5%   

Utilities

    4.0%   

Investment Companies

    2.5%   

Health Care

    0.7%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

China Mobile Ltd.

    7.2%   

China Construction Bank Corp. Class H

    3.7%   

BHP Billiton Ltd.

    3.6%   

Telstra Corp., Ltd.

    3.1%   

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.6%   

iPath MSCI India Index ETN

    2.5%   

Commonwealth Bank of Australia

    2.5%   

Westpac Banking Corp.

    2.3%   

CNOOC Ltd.

    2.2%   

Singapore Telecommunications Ltd.

    2.0%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Asia Pacific ex-Japan Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Asia Pacific ex-Japan Index.

The Fund returned -0.98% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its investment in Australia due to positive returns. The Fund’s investment in Hong Kong contributed to a drag on Fund performance due to negative returns.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Pacific ex-Japan
Dividend/Asia
Pacific ex-Japan
Spliced Index1
     MSCI Pacific
ex-Japan/MSCI AC
Asia Pacific ex-Japan
Spliced Index2
 

One Year

       -0.98      -1.34      -1.07      2.42

Three Year

       2.49      2.44      2.99      1.82

Five Year

       16.24      16.13      17.30      17.52

Since Inception3

       8.12      8.15      9.13      7.62
1 

WisdomTree Pacific ex-Japan Dividend Index through June 17, 2011; WisdomTree Asia Pacific ex-Japan Index thereafter.

2 

MSCI Pacific ex-Japan Index through June 17, 2011; MSCI AC Asia Pacific ex-Japan Index thereafter.

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      11   


Table of Contents

Performance Summary (unaudited)

WisdomTree Australia Dividend Fund (AUSE)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    20.4%   

Consumer Discretionary

    16.0%   

Industrials

    15.5%   

Materials

    13.8%   

Consumer Staples

    10.2%   

Energy

    7.6%   

Health Care

    6.2%   

Telecommunication Services

    4.1%   

Utilities

    2.8%   

Information Technology

    2.4%   

Other Assets less Liabilities

    1.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Wesfarmers Ltd.

    3.7%   

National Australia Bank Ltd.

    3.3%   

Westpac Banking Corp.

    3.2%   

TABCORP Holdings Ltd.

    2.9%   

Australia & New Zealand Banking Group Ltd.

    2.9%   

Commonwealth Bank of Australia

    2.8%   

Mineral Resources Ltd.

    2.7%   

Telstra Corp., Ltd.

    2.7%   

Tatts Group Ltd.

    2.4%   

Adelaide Brighton Ltd.

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

 

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

The Fund returned -0.59% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its investment in Materials, which contributed positively to performance. The Fund’s position in Consumer Staples detracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFS, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Pacific ex-Japan
Equity Income/
Australia Dividend
Spliced Index1
     MSCI Pacific
ex-Japan Value/
MSCI  Australia
Spliced Index2
 

One Year

       -0.59      -1.14      -0.37      1.17

Three Year

       4.82      4.80      5.02      5.39

Five Year

       20.54      20.47      21.03      20.52

Since Inception3

       8.87      8.85      9.38      8.20
1 

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

2 

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

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

12   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    25.6%   

Energy

    11.3%   

Consumer Staples

    10.9%   

Telecommunication Services

    10.8%   

Health Care

    9.8%   

Industrials

    7.8%   

Utilities

    7.8%   

Consumer Discretionary

    7.7%   

Materials

    6.1%   

Information Technology

    1.6%   

Investment Companies

    0.1%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Banco Santander S.A.

    2.4%   

Total S.A.

    2.1%   

Novartis AG

    2.0%   

Nestle S.A.

    1.9%   

Commonwealth Bank of Australia

    1.9%   

Westpac Banking Corp.

    1.9%   

HSBC Holdings PLC

    1.8%   

China Mobile Ltd.

    1.8%   

Roche Holding AG – Genusschein

    1.8%   

BP PLC

    1.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

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

The Fund returned 18.35% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its investment in France, which contributed positively to performance. The Fund’s position in Hong Kong detracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International
LargeCap
Dividend Index
     MSCI EAFE Index  

One Year

       18.35      18.05      18.93      17.56

Three Year

       7.21      7.28      7.45      7.21

Five Year

       15.02      14.89      15.34      16.02

Since Inception1

       4.36      4.28      4.70      4.14
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      13   


Table of Contents

 

Performance Summary (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Utilities

    18.7%   

Telecommunication Services

    15.8%   

Industrials

    12.5%   

Energy

    10.6%   

Consumer Staples

    10.0%   

Materials

    10.0%   

Consumer Discretionary

    9.8%   

Health Care

    8.6%   

Information Technology

    3.4%   

Investment Companies

    0.2%   

Other Assets less Liabilities

    0.4%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Orange S.A.

    3.0%   

Ferrovial S.A.

    2.8%   

GDF Suez

    2.5%   

EDF S.A.

    2.4%   

Deutsche Telekom AG

    2.3%   

EDP-Energias de Portugal S.A.

    2.1%   

E.ON SE

    2.0%   

Vivendi S.A.

    1.9%   

Telstra Corp., Ltd.

    1.9%   

RWE AG

    1.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

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

The Fund returned 22.58% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its investment in France, which contributed positively to performance. The Fund’s position in Japan detracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International Dividend
Top 100/International
Dividend ex-Financials
Spliced Index1
     MSCI EAFE
Value Index
 

One Year

       22.58      22.46      22.92      20.25

Three Year

       6.41      6.21      6.46      7.16

Five Year

       16.70      16.69      16.68      16.11

Since Inception2

       4.74      4.59      4.89      3.41
1 

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

2 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

14   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Industrials

    24.6%   

Financials

    20.1%   

Consumer Discretionary

    12.8%   

Materials

    8.7%   

Telecommunication Services

    7.6%   

Utilities

    6.4%   

Consumer Staples

    6.0%   

Information Technology

    5.3%   

Health Care

    4.7%   

Energy

    2.4%   

Investment Companies

    0.9%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Belgacom S.A.

    1.2%   

Atlantia SpA

    1.0%   

CNP Assurances

    1.0%   

Bouygues S.A.

    0.9%   

ACS Actividades de Construccion y Servicios, S.A.

    0.7%   

TDC A/S

    0.7%   

Bezeq The Israeli Telecommunication Corp., Ltd.

    0.7%   

Gjensidige Forsikring ASA

    0.7%   

Veolia Environnement S.A.

    0.7%   

Telefonica Deutschland Holding AG

    0.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

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

The Fund returned 20.22% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in the United Kingdom contributed to performance while its position in Singapore subtracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International MidCap
Dividend Index
     MSCI EAFE
Mid Cap Index
 

One Year

       20.22      20.00      21.01      19.92

Three Year

       7.48      7.64      7.49      7.51

Five Year

       17.78      17.75      18.16      17.66

Since Inception1

       5.96      5.90      6.07      4.44
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      15   


Table of Contents

Performance Summary (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Industrials

    25.2%   

Consumer Discretionary

    19.8%   

Financials

    16.4%   

Information Technology

    10.1%   

Materials

    10.1%   

Consumer Staples

    7.0%   

Health Care

    3.3%   

Utilities

    2.2%   

Telecommunication Services

    2.1%   

Energy

    2.1%   

Investment Companies

    0.7%   

Other Assets less Liabilities

    1.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Logitech International S.A.

    1.0%   

Intesa Sanpaolo SpA RSP

    0.8%   

Drillisch AG

    0.6%   

Unipol Gruppo Finanziario SpA

    0.6%   

Adelaide Brighton Ltd.

    0.6%   

China South City Holdings Ltd.

    0.5%   

Cable & Wireless Communications PLC

    0.5%   

Sonae

    0.5%   

Carillion PLC

    0.5%   

Clal Insurance Enterprise Holdings Ltd.

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

 

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

The Fund returned 22.26% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in the United Kingdom contributed to performance while its position in Singapore contributed the least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International SmallCap
Dividend Index
     MSCI EAFE
Small Cap Index
 

One Year

       22.26      22.44      22.63      23.26

Three Year

       11.31      11.49      11.47      9.40

Five Year

       21.78      21.67      22.46      21.70

Since Inception1

       7.02      6.96      7.38      5.96
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

16   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    25.5%   

Energy

    20.5%   

Materials

    17.1%   

Telecommunication Services

    16.6%   

Utilities

    6.9%   

Information Technology

    5.5%   

Industrials

    2.8%   

Consumer Discretionary

    2.6%   

Consumer Staples

    2.0%   

Health Care

    0.0%   

Other Assets less Liabilities

    0.5%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Gazprom OAO ADR

    5.4%   

China Construction Bank Corp. Class H

    4.4%   

Rosneft Oil Co. Reg S GDR

    4.3%   

Vale S.A.

    3.4%   

Industrial & Commercial Bank of China Class H

    3.2%   

MMC Norilsk Nickel OJSC ADR

    2.7%   

Lukoil OAO ADR

    2.3%   

Banco do Brasil S.A.

    2.1%   

Bank of China Ltd. Class H

    2.1%   

MTN Group Ltd.

    1.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Emerging Markets Equity Income Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Equity Income Index.

The Fund returned -6.22% for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most significantly from its investment in South Africa. The Fund was impacted most negatively by its investment in Brazil.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Emerging
Markets Equity
Income Index
     MSCI Emerging
Markets Index
 

One Year

       -6.22      -6.98      -5.14      -1.43

Three Year

       -2.80      -3.22      -1.76      -2.86

Five Year

       13.96      13.62      15.35      14.48

Since Inception1

       3.57      3.07      4.60      0.21
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 13, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      17   


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    20.3%   

Industrials

    17.0%   

Information Technology

    15.2%   

Consumer Discretionary

    14.2%   

Materials

    12.6%   

Consumer Staples

    6.9%   

Utilities

    6.4%   

Energy

    2.6%   

Health Care

    2.3%   

Investment Company

    1.3%   

Telecommunication Services

    0.8%   

Other Assets less Liabilities

    0.4%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Synnex Technology International Corp.

    1.1%   

Synthos S.A.

    1.1%   

Coronation Fund Managers Ltd.

    1.0%   

iPath MSCI India Index ETN

    1.0%   

Tauron Polska Energia S.A.

    0.9%   

Light S.A.

    0.9%   

Semirara Mining Corp.

    0.8%   

Advantech Co. Ltd.

    0.7%   

HAP Seng Consolidated Bhd

    0.7%   

Delta Electronics Thailand PCL

    0.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Emerging Markets SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index.

The Fund returned -6.08% for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in Taiwan contributed to performance while its position in Thailand subtracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Emerging Markets
SmallCap
Dividend Index
     MSCI
Emerging Markets
Small Cap Index
 

One Year

       -6.08      -6.58      -5.55      0.40

Three Year

       -1.11      -1.14      0.02      -1.45

Five Year

       17.32      17.43      19.06      19.70

Since Inception1

       1.83      1.90      2.97      -0.30
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 30, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

18   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Middle East Dividend Fund (GULF)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    57.8%   

Telecommunication Services

    22.5%   

Industrials

    10.5%   

Materials

    2.5%   

Energy

    2.4%   

Utilities

    1.2%   

Consumer Discretionary

    0.9%   

Consumer Staples

    0.9%   

Other Assets less Liabilities

    1.3%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Industries Qatar QSC

    7.2%   

Qatar National Bank SAQ

    6.9%   

First Gulf Bank PJSC

    6.1%   

Maroc Telecom SA

    5.6%   

Mobile Telecommunications Co. KSC

    5.3%   

Orascom Telecom Media And Technology Holding SAE

    4.1%   

Emirates NBD PJSC

    4.1%   

Abu Dhabi Commercial Bank PJSC

    3.8%   

National Bank of Kuwait

    3.4%   

Telecom Egypt Co.

    3.4%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Middle East Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Middle East Dividend Index.

The Fund returned 44.12% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in the United Arab Emirates was the greatest contributor to performance while its position in Jordan contributed the least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.88%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Middle East
Dividend Index
     MSCI Arabian
Markets ex-Saudi
Arabia Index
 

One Year

       44.12      43.18      45.74      33.42

Three Year

       16.57      15.91      16.59      9.66

Five Year

       18.26      18.13      19.80      13.43

Since Inception1

       2.34      2.14      3.71      -3.77
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 16, 2008.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      19   


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Industrials

    21.3%   

Consumer Discretionary

    18.9%   

Consumer Staples

    18.5%   

Financials

    16.7%   

Health Care

    9.1%   

Materials

    5.2%   

Utilities

    4.0%   

Information Technology

    3.9%   

Energy

    1.1%   

Telecommunication Services

    0.7%   

Communications

    0.4%   

Other Assets less Liabilities

    0.2%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Banco Bilbao Vizcaya Argentaria S.A.

    7.9%   

Anheuser-Busch InBev N.V.

    5.7%   

Daimler AG

    5.2%   

Banco Santander S.A.

    4.9%   

Siemens AG

    4.4%   

Sanofi

    4.0%   

Unilever N.V.

    3.9%   

E.ON SE

    3.8%   

Bayerische Motoren Werke AG

    3.2%   

LVMH Moet Hennessy Louis Vuitton S.A.

    2.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Europe Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index.

The Fund returned 15.73% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its investment in Germany, which had strong positive returns. The Fund’s position in Portugal detracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree DEFA International
Hedged Equity/
Europe Hedged Equity
Spliced Index1
     MSCI EAFE Local Currency/
MSCI EMU Local Currency
Spliced Index2
 

One Year

       15.73      15.31      16.34      23.95

Three Year

       8.69      8.57      9.12      8.98

Since Inception3

       7.36      7.45      7.94      7.69
1 

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

2 

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

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

20   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Commodity Country Equity Fund (CCXE)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Financials

    24.8%   

Energy

    22.8%   

Telecommunication Services

    15.3%   

Materials

    12.5%   

Utilities

    6.1%   

Consumer Staples

    5.8%   

Industrials

    5.0%   

Consumer Discretionary

    4.7%   

Health Care

    1.5%   

Information Technology

    0.8%   

Investment Companies

    0.1%   

Other Assets less Liabilities

    0.6%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Statoil ASA

    6.8%   

Telecom Corp. of New Zealand Ltd.

    3.5%   

Gazprom OAO

    2.7%   

MTN Group Ltd.

    2.5%   

Telenor ASA

    2.5%   

Rosneft Oil Co. Reg S

    2.3%   

Vale SA

    2.2%   

Fletcher Building Ltd.

    2.2%   

Sasol Ltd.

    2.0%   

Auckland International Airport Ltd.

    1.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Commodity Country Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Commodity Country Equity Index.

The Fund returned -0.22% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most significantly from its position in New Zealand. The Fund’s position in Chile created a drag on Fund performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International Basic
Materials Sector/Commodity
Country Equity
Spliced Index1
     S&P Developed
ex-U.S. BMI
Materials Sector/
MSCI ACWI ex-USA
Spliced Index2
 

One Year

       -0.22      -0.27      0.12      12.31

Three Year

       1.19      0.95      1.58      3.14

Five Year

       17.40      17.00      18.05      19.90

Since Inception3

       5.76      5.60      6.42      3.27
1 

WisdomTree International Basic Materials Sector Index through June 17, 2011; WisdomTree Commodity Country Equity Index thereafter.

2 

S&P Developed ex-U.S. BMI Materials Sector Index through June 17, 2011; MSCI ACWI ex-USA Index thereafter.

3 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. Sector Index total returns are based on the index’s inception date of April 1, 2008.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      21   


Table of Contents

Performance Summary (unaudited)

WisdomTree Global Natural Resources Fund (GNAT)

 

Industry Breakdown as of 3/31/14

 

Industry   % of Net Assets  

Oil, Gas & Consumable Fuels

    46.8%   

Metals & Mining

    31.5%   

Chemicals

    10.3%   

Energy Equipment & Services

    5.8%   

Food Products

    4.5%   

Investment Company

    0.8%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

KGHM Polska Miedz S.A.

    5.0%   

MMC Norilsk Nickel OJSC ADR

    3.2%   

Total S.A.

    2.6%   

Eni SpA

    2.4%   

Crescent Point Energy Corp.

    2.4%   

Vale S.A.

    2.2%   

Statoil ASA

    2.2%   

BP PLC

    2.1%   

Royal Dutch Shell PLC Class A

    2.0%   

Woodside Petroleum Ltd.

    1.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Global Natural Resources Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global Natural Resources Index.

The Fund returned -2.72% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most significantly from its investment in the United States of America. The Fund was impacted most negatively by its investment in Poland.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International
Energy Sector/Global
Natural Resources
Spliced Index1
     S&P Developed ex-U.S.
BMI Energy Sector/
S&P Global
Natural Resources
Spliced Index2
 

One Year

       -2.72      -2.98      -2.42      2.46

Three Year

       -7.42      -7.55      -7.00      -4.73

Five Year

       6.33      6.38      6.81      9.38

Since Inception3

       1.22      1.08      1.59      -0.41
1 

WisdomTree International Energy Sector Index through June 17, 2011; WisdomTree Global Natural Resources Index thereafter.

2 

S&P Developed ex-U.S. BMI Energy Sector Index through June 17, 2011; S&P Global Natural Resources Index thereafter.

3 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. BMI Energy Sector Index total returns are based on the index’s inception date of April 1, 2008.

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

22   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

 

Industry Breakdown

as of 3/31/14

 

Industry   % of Net Assets  

Electric Utilities

    41.8%   

Water Utilities

    26.7%   

Independent Power Producers & Energy Traders

    15.9%   

Gas Utilities

    14.4%   

Investment Company

    0.9%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

GDF Suez

    2.9%   

Veolia Environnement S.A.

    2.8%   

EDF S.A.

    2.8%   

Light S.A.

    2.7%   

PGE S.A.

    2.7%   

EDP-Energias de Portugal S.A.

    2.4%   

Suez Environnement Co.

    2.4%   

Centrais Eletricas Brasileiras S.A.

    2.3%   

E.ON SE

    2.3%   

RWE AG

    2.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Global ex-U.S. Utilities Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Utilities Index.

The Fund returned 14.34% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most significantly from its investment in France. The Fund was impacted most negatively by its investment in Chile.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International Utilities
Sector/Global  ex-U.S.
Utilities Spliced Index
     S&P Developed
ex-U.S. BMI
Utilities
Sector Index1
 

One Year

       14.34      13.63      14.49      23.55

Three Year

       1.39      1.23      1.27      2.34

Five Year

       6.56      6.32      6.51      6.84

Since Inception2

       0.72      0.56      0.85      -2.97
1 

WisdomTree International Utilities Sector Index through June 17, 2011; WisdomTree Global ex-U.S. Utilities Index thereafter.

2 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. BMI Utilities Sector Index total returns are based on the index’s inception date of April 1, 2008.

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      23   


Table of Contents

Performance Summary (unaudited)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

 

Industry Breakdown as of 3/31/14

 

Industry   % of Net Assets  

Diversified REITs

    38.0%   

Retail REITs

    28.3%   

Real Estate Development

    16.8%   

Real Estate Operating Companies

    10.8%   

Office REITs

    4.4%   

Specialized REITs

    1.0%   

Investment Company

    0.3%   

Other Assets less Liabilities

    0.4%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Unibail-Rodamco SE

    3.9%   

Cheung Kong Holdings Ltd.

    3.8%   

Sun Hung Kai Properties Ltd.

    3.5%   

Westfield Group

    3.4%   

Westfield Retail Trust

    1.9%   

Stockland

    1.8%   

Land Securities Group PLC

    1.6%   

British Land Co. PLC

    1.5%   

Klepierre

    1.5%   

Wharf Holdings Ltd.

    1.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Global ex-U.S. Real Estate Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Real Estate Index.

The Fund returned -2.70% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most from its position in the United Kingdom, which had positive performance. The Fund’s position in Hong Kong was a drag on the Fund’s performance as the country provided negative returns.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International
Real Estate/Global
ex-U.S. Real Estate
Spliced Index1
     Dow Jones Global
ex-U.S.
Select Real Estate
Securities Index
 

One Year

       -2.70      -3.82      -2.52      0.75

Three Year

       4.63      4.27      4.77      7.86

Five Year

       18.84      18.49      19.22      20.80

Since Inception2

       -2.52      -2.75      -2.37      -2.02
1 

WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate Index thereafter.

2 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 5, 2007.

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

24   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Energy

    23.7%   

Industrials

    13.9%   

Telecommunication Services

    12.0%   

Consumer Staples

    11.1%   

Materials

    9.5%   

Information Technology

    8.8%   

Consumer Discretionary

    8.0%   

Utilities

    7.4%   

Health Care

    3.0%   

Basic Materials

    2.6%   

Other Assets less Liabilities

    0.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

China Mobile Ltd.

    7.2%   

China Petroleum & Chemical Corp. Class H

    5.6%   

PetroChina Co., Ltd. Class H

    4.7%   

Tencent Holdings Ltd.

    4.6%   

China Shenhua Energy Co., Ltd. Class H

    4.5%   

Want Want China Holdings Ltd.

    4.2%   

CNOOC Ltd.

    3.9%   

Hengan International Group Co., Ltd.

    3.3%   

Lenovo Group Ltd.

    2.6%   

Citic Pacific Ltd.

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

 

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

The Fund returned -1.32% at net asset value (“NAV”) for the fiscal year ending March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its investment in Industrials, which had positive performance. The Fund’s position in Energy detracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/14

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
China Dividend
ex-Financials
Index
     MSCI China
Index
     FTSE China 25
Index
 

One Year

       -1.32      -1.39      -1.40      2.20      0.73

Since Inception1

       1.56      0.96      1.65      6.64      4.41
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 19, 2012.

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      25   


Table of Contents

Performance Summary (unaudited)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Consumer Staples

    19.1%   

Energy

    17.3%   

Financials

    16.6%   

Materials

    11.9%   

Health Care

    11.1%   

Industrials

    6.1%   

Telecommunication Services

    5.6%   

Utilities

    5.2%   

Consumer Discretionary

    5.1%   

Information Technology

    1.4%   

Other Assets less Liabilities

    0.6%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

AstraZeneca PLC

    5.8%   

Royal Dutch Shell PLC Class B

    5.3%   

BP PLC

    5.2%   

Royal Dutch Shell PLC Class A

    5.1%   

British American Tobacco PLC

    4.7%   

GlaxoSmithKline PLC

    4.7%   

HSBC Holdings PLC

    4.3%   

Rio Tinto PLC

    3.9%   

National Grid PLC

    3.5%   

BHP Billiton PLC

    3.5%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

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

The Fund returned 9.36% at net asset value (“NAV”) since its inception on June 28, 2013 through March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its position in Materials. The Fund’s position in Information Technology, though positive, contributed least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/14

 

        Cumulative Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
United Kingdom
Hedged Equity
Index
     MSCI
United Kingdom
Local Currency
Index
 

Since Inception1

       9.36      8.04      9.97      8.58
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

26   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Industrials

    26.1%   

Consumer Discretionary

    22.9%   

Materials

    11.8%   

Consumer Staples

    10.7%   

Financials

    10.6%   

Information Technology

    10.2%   

Health Care

    4.6%   

Energy

    1.2%   

Utilities

    0.5%   

Other Assets less Liabilities

    1.4%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Minebea Co., Ltd.

    0.7%   

Azbil Corp.

    0.6%   

Iida Group Holdings Co., Ltd.

    0.6%   

SQUARE ENIX HOLDINGS Co., Ltd.

    0.6%   

Ube Industries, Ltd.

    0.6%   

UACJ Corp.

    0.5%   

Kaken Pharmaceutical Co., Ltd.

    0.5%   

Denki Kagaku Kogyo K.K.

    0.5%   

AUTOBACS SEVEN Co., Ltd.

    0.5%   

UNY Group Holdings Co., Ltd.

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

 

The WisdomTree Japan Hedged SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged SmallCap Equity Index.

The Fund returned 11.37% at net asset value (“NAV”) since its inception on June 28, 2013 through March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its position in Industrials. The Fund’s position in Consumer Discretionary created a drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Cumulative Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Japan Hedged
SmallCap
Equity Index
     MSCI Japan
Small Cap Local
Currency Index
 

Since Inception1

       11.37      10.30      12.70      12.85
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      27   


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Consumer Staples

    18.3%   

Telecommunication Services

    17.7%   

Materials

    14.2%   

Financials

    13.1%   

Information Technology

    9.7%   

Energy

    7.5%   

Consumer Discretionary

    7.5%   

Industrials

    5.4%   

Investment Companies

    2.6%   

Utilities

    1.8%   

Health Care

    1.8%   

Other Assets less Liabilities

    0.4%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    6.3%   

MMC Norilsk Nickel OJSC

    5.6%   

Ambev SA

    4.5%   

MTN Group Ltd.

    3.7%   

Vodacom Group Ltd.

    3.1%   

iPath MSCI India Index ETN

    2.6%   

MegaFon OAO

    2.5%   

PetroChina Co., Ltd. Class H

    2.3%   

America Movil SAB de C.V.Series L

    2.3%   

Petroleo Brasileiro SA

    2.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Emerging Markets Dividend Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Growth Index.

The Fund returned -0.33% at net asset value (“NAV”) since its inception on August 1, 2013 through March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in Russia contributed to performance while its position in Thailand subtracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/14

 

        Cumulative Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Emerging Markets
Dividend
Growth Index
     MSCI
Emerging Markets Index
 

Since Inception1

       -0.33      -2.59      0.18      5.38
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 2013.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

28   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Consumer Discretionary

    32.2%   

Consumer Staples

    27.2%   

Financials

    18.0%   

Telecommunication Services

    10.8%   

Utilities

    3.9%   

Industrials

    3.8%   

Investment Companies

    2.0%   

Health Care

    1.7%   

Energy

    0.0%   

Other Assets less Liabilities

    0.4%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Ping An Insurance Group Co. of China Ltd. Class H

    3.9%   

PT Astra International Tbk

    3.8%   

Ambev SA

    3.4%   

America Movil S.A.B de C.V.Series L

    3.2%   

Tata Motors Ltd.

    2.7%   

Dongfeng Motor Group Co., Ltd. Class H

    2.7%   

Fomento Economico Mexicano S.A.B de C.V.

    2.6%   

MTN Group Ltd.

    2.5%   

iPath MSCI India Index ETN

    2.0%   

PICC Property & Casualty Co., Ltd. Class H

    1.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Emerging Markets Consumer Growth Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Consumer Growth Index.

The Fund returned -0.63% at net asset value (“NAV”) since its inception on September 27, 2013 through March 31, 2014 (for more complete performance information please see the chart below). The Fund’s position in India contributed to performance while its position in Brazil subtracted from performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated September 19, 2013, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/14

 

        Cumulative Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Emerging
Markets Consumer
Growth Index
     MSCI
Emerging Markets Index
 

Since Inception1

       -0.63      -1.16      -0.63      0.14
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 27, 2013.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      29   


Table of Contents

Performance Summary (unaudited)

WisdomTree Germany Hedged Equity Fund (DXGE)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Consumer Discretionary

    25.0%   

Industrials

    17.2%   

Financials

    14.0%   

Materials

    11.1%   

Health Care

    10.0%   

Utilities

    8.7%   

Telecommunication Services

    5.8%   

Information Technology

    4.9%   

Consumer Staples

    3.1%   

Other Assets less Liabilities

    0.2%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Daimler AG

    6.4%   

Deutsche Telekom AG

    5.8%   

Bayerische Motoren Werke AG

    5.7%   

Siemens AG

    5.5%   

Bayer AG

    5.1%   

BASF SE

    4.7%   

E.ON SE

    4.7%   

Allianz SE

    4.6%   

Muenchener Rueckversicherungs- Gesellschaft AG

    4.1%   

RWE AG

    3.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

The WisdomTree Germany Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Germany Hedged Equity Index.

The Fund returned 7.88% at net asset value (“NAV”) since its inception on October 17, 2013 through March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited most from its position in Consumer Discretionary. The Fund’s position in Telecommunication Services, though positive, contributed the least to performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs. NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated October 3, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/14

 

        Cumulative Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Germany Hedged
Equity Index
     MSCI
Germany Local
Currency Index
 

Since Inception1

       7.88      7.10      8.10      8.24
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

30   WisdomTree International Dividend and Sector Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Korea Hedged Equity Fund (DXKW)

 

Sector Breakdown† as of 3/31/14

 

Sector   % of Net Assets  

Industrials

    23.9%   

Information Technology

    22.3%   

Consumer Discretionary

    20.1%   

Materials

    19.3%   

Consumer Staples

    7.0%   

Energy

    5.0%   

Health Care

    1.6%   

Financials

    0.8%   

Other Assets less Liabilities

    0.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/31/14

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    11.0%   

Hyundai Motor Co.

    5.1%   

LG Chem Ltd.

    4.9%   

Kia Motors Corp.

    4.8%   

Hyundai Mobis

    4.8%   

POSCO

    4.8%   

Hyundai Steel Co.

    4.8%   

KT&G Corp.

    4.7%   

SK Hynix, Inc.

    4.5%   

SK Holdings Co., Ltd.

    3.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

 

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

The Fund returned -5.97% at net asset value (“NAV”) since its inception on November 7, 2013 through March 31, 2014 (for more complete performance information please see the chart below). The Fund benefited from its position in Consumer Staples. The Fund’s position in Materials created a drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs. NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated October 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/14

 

        Cumulative Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Korea Hedged
Equity Index
     MSCI South Korea
Local Currency Index
 

Since Inception1

       -5.97      -5.68      -6.22      -1.13
1 

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

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.

 

WisdomTree International Dividend and Sector Funds      31   


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this Report:

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.

The FTSE China 25 Index is a capitalization weighted index that is comprised of the 25 largest and most liquid Chinese securities.

The MSCI AC Asia Pacific ex-Japan Index is comprised of large- and mid-capitalization segments of emerging market and developed market countries in the Asia Pacific region, excluding Japan.

The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the developed and emerging markets covered by MSCI excluding the U.S.

The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.

The MSCI ACWI ex-USA Index is comprised of large- and mid-capitalization segments of the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI Arabian Markets ex-Saudi Arabia Index is a free float-adjusted market capitalization index that aims to represent the universe of companies in the Gulf Cooperation Council (GCC) countries, excluding Saudi Arabia, plus Jordan, Egypt, and Morocco, Tunisia and Lebanon.

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

The MSCI China Index is a capitalization weighted index that is comprised of stocks in China.

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

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

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

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

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

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.

The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.

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

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

The MSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the 11 countries within EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.

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

 

32   WisdomTree International Dividend and Sector Funds


Table of Contents

Description of Indexes (unaudited) (continued)

 

The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.

The MSCI Japan Local Currency Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan and uses the same methodology as its corresponding MSCI Japan Index. The price used for each security in the local currency index is the local price, on the primary exchange on which a security is traded, with no conversion into U.S. dollars.

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

The MSCI Japan Small Cap Local Currency Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan and provides local currency returns, which are not translated back to U.S. dollars.

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

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

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

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

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

The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.

The S&P Developed ex-U.S. BMI Sector Indexes are indexes that track specific sectors of developed global markets outside the United States.

The S&P Global Natural Resources Index is comprised of the largest publicly traded companies in natural resources and commodities businesses that meet specific eligibility requirements.

The WisdomTree Asia Pacific ex-Japan Index is comprised of dividend-paying companies incorporated in emerging market and developed countries in the Pacific region, excluding Japan.

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

The WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the financial sector.

The WisdomTree Commodity Country Equity Index is comprised of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Commodities sector.

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

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

The WisdomTree DEFA International Hedged Equity Index is comprised of dividend- paying companies in the industrialized world, excluding Canada and the United States, and is designed to neutralize exposure to fluctuations between the value of the U.S. dollar and non-U.S. currencies reflected in the index. This index is based on the WisdomTree DEFA Index.

The WisdomTree Emerging Markets Consumer Growth Index consists of stocks that best exemplify growth trends in emerging market consumers and their local economies.

 

WisdomTree International Dividend and Sector Funds      33   


Table of Contents

Description of Indexes (unaudited) (continued)

 

The WisdomTree Emerging Markets Dividend Growth Index consists of dividend paying stocks with growth characteristics selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets Equity Income Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.

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

The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the U.S. dollar.

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

The WisdomTree Germany Hedged Equity Index is designed to provide exposure to Germany equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to the U.S. dollar. In this sense, the Index “hedges” against fluctuations in the relative value of the Euro against the U.S. dollar.

The WisdomTree Global Equity Income Index is comprised of high dividend-paying companies selected from the WisdomTree Dividend Index and the WisdomTree World ex-U.S. Index.

The WisdomTree Global ex-U.S. Dividend Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.

The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.

The WisdomTree Global ex-U.S. Utilities Index is comprised of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Utilities sector.

The WisdomTree Global Natural Resources Index is comprised of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Natural Resources sector.

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

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

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

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

The WisdomTree International Real Estate Index is comprised of companies in developed markets outside of the U.S. and Canada that pay regular cash dividends and that WisdomTree Investments classifies as being part of the International Real Estate sector.

The WisdomTree International Sector Indexes, which encompass Basic Materials, Energy and Utilities, are derived from the WisdomTree DEFA Index, and measure the performance of dividend-paying companies in developed markets outside the U.S. and Canada, within their specific international sectors.

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

 

34   WisdomTree International Dividend and Sector Funds


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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

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

The WisdomTree Japan Hedged Equity Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar. This index is based on the WisdomTree Japan Dividend Index.

The WisdomTree Japan Hedged SmallCap Equity Index is designed to provide exposure to the small capitalization segment of the Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.

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

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

The WisdomTree Middle East Dividend Index is comprised of companies in the Middle East region that pay regular cash dividends on shares of common stock and that meet specified requirements as of the index measurement date.

The WisdomTree Pacific ex-Japan Dividend Index is comprised of dividend-paying companies incorporated in the Pacific region, excluding Japan.

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

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

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

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.

 

WisdomTree International Dividend and Sector Funds      35   


Table of Contents

Shareholder Expense Examples (unaudited)

 

As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2013 to March 31, 2014.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/01/13 to 3/31/14” to estimate the expenses you paid on your account during this period.

Hypothetical example for comparison purposes

The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

36   WisdomTree International Dividend and Sector Funds


Table of Contents

Shareholder Expense Examples (unaudited) (continued)

 

     Beginning
Account Value
10/01/13
    Ending
Account Value
3/31/14
    Annualized
Expense Ratio
Based on the
Period
10/01/13  to
3/31/14
    Expenses Paid
During the
Period†
10/01/13  to
3/31/14
 

WisdomTree DEFA Fund

       

Actual

  $ 1,000.00      $ 1,079.40        0.48   $ 2.49   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree DEFA Equity Income Fund

       

Actual

  $ 1,000.00      $ 1,089.60        0.58   $ 3.02   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Global Equity Income Fund

       

Actual

  $ 1,000.00      $ 1,063.70        0.58   $ 2.98   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Europe SmallCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,241.40        0.58   $ 3.24   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Japan Hedged Equity Fund

       

Actual

  $ 1,000.00      $ 1,017.40        0.48   $ 2.41   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree Global ex-U.S. Dividend Growth Fund

       

Actual

  $ 1,000.00      $ 1,049.70        0.58   $ 2.96   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Japan SmallCap Dividend Fund

       

Actual

  $ 1,000.00      $ 992.00        0.58   $ 2.88   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Asia Pacific ex-Japan Fund

       

Actual

  $ 1,000.00      $ 994.50        0.48   $ 2.39   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree Australia Dividend Fund

       

Actual

  $ 1,000.00      $ 1,028.50        0.58   $ 2.93   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree International LargeCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,075.40        0.48   $ 2.48   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree International Dividend ex-Financials Fund

       

Actual

  $ 1,000.00      $ 1,099.20        0.58   $ 3.04   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree International MidCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,080.50        0.58   $ 3.01   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree International SmallCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,095.70        0.58   $ 3.03   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Emerging Markets Equity Income Fund

       

Actual

  $ 1,000.00      $ 960.60        0.63   $ 3.08   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,021.79        0.63   $ 3.18   

WisdomTree Emerging Markets SmallCap Dividend Fund

       

Actual

  $ 1,000.00      $ 1,002.20        0.63   $ 3.14   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,021.79        0.63   $ 3.18   

WisdomTree Middle East Dividend Fund

       

Actual

  $ 1,000.00      $ 1,247.40        0.88   $ 4.93   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,020.54        0.88   $ 4.43   

WisdomTree Europe Hedged Equity Fund

       

Actual

  $ 1,000.00      $ 1,068.50        0.58   $ 2.99   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

 

WisdomTree International Dividend and Sector Funds      37   


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

     Beginning
Account Value
10/01/13
    Ending
Account Value
3/31/14
    Annualized
Expense Ratio
Based on the
Period
10/01/13  to
3/31/14
    Expense Paid
During the
Period†
10/01/13  to
3/31/14
 

WisdomTree Commodity Country Equity Fund

       

Actual

  $ 1,000.00      $ 1,013.50        0.58   $ 2.91   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Global Natural Resources Fund

       

Actual

  $ 1,000.00      $ 1,018.30        0.58   $ 2.92   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Global ex-U.S. Utilities Fund

       

Actual

  $ 1,000.00      $ 1,082.70        0.58   $ 3.01   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Global ex-U.S. Real Estate Fund

       

Actual

  $ 1,000.00      $ 995.20        0.58   $ 2.89   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree China Dividend ex-Financials Fund

       

Actual

  $ 1,000.00      $ 984.20        0.63   $ 3.12   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,021.79        0.63   $ 3.18   

WisdomTree United Kingdom Hedged Equity Fund

       

Actual

  $ 1,000.00      $ 1,050.60        0.48   $ 2.45   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree Japan Hedged SmallCap Equity Fund

       

Actual

  $ 1,000.00      $ 1,036.80        0.58   $ 2.95   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   

WisdomTree Emerging Markets Dividend Growth Fund

       

Actual

  $ 1,000.00      $ 1,012.80        0.63   $ 3.16   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,021.79        0.63   $ 3.18   

WisdomTree Emerging Markets Consumer Growth Fund

       

Actual

  $ 1,000.00      $ 1,004.20        0.63   $ 3.15   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,021.79        0.63   $ 3.18   

WisdomTree Germany Hedged Equity Fund

       

Actual1

  $ 1,000.00      $ 1,078.80        0.48   $ 2.27   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.54        0.48   $ 2.42   

WisdomTree Korea Hedged Equity Fund

       

Actual2

  $ 1,000.00      $ 940.30        0.58   $ 2.24   

Hypothetical (5% return before expenses)

  $ 1,000.00      $ 1,022.04        0.58   $ 2.92   
Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect one-half year period).

 

1 

Fund commenced operations on October 17, 2013. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the ending value for the period, multiplied by 166/365 (to reflect the period since commencement of operations).

 

2 

Fund commenced operations on November 7, 2013. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the ending value for the period, multiplied by 145/365 (to reflect the period since commencement of operations).

 

38   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree DEFA Fund (DWM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.3%      
Australia – 11.8%      

Adelaide Brighton Ltd.

     95,637       $ 355,451  

AGL Energy Ltd.

     26,118         367,469  

ALS Ltd./Queensland

     44,509         302,386  

Amalgamated Holdings Ltd.

     53,782         433,676  

Amcor Ltd.

     49,608         477,724  

AMP Ltd.

     162,603         750,529  

Arrium Ltd.

     155,658         194,767  

Aurizon Holdings Ltd.

     57,523         274,040  

Australia & New Zealand Banking Group Ltd.

     201,271         6,167,279  

Bank of Queensland Ltd.

     34,720         413,516  

Bendigo and Adelaide Bank Ltd.

     43,482         458,629  

BHP Billiton Ltd.

     157,283         5,316,516  

Boral Ltd.

     41,002         214,715  

Bradken Ltd.

     19,205         77,609  

Brambles Ltd.

     28,454         244,210  

Brickworks Ltd.

     34,398         452,721  

Caltex Australia Ltd.

     19,178         392,653  

Coca-Cola Amatil Ltd.

     45,522         465,379  

Cochlear Ltd.

     2,953         156,008  

Commonwealth Bank of Australia

     114,633         8,227,816  

Computershare Ltd.

     29,119         326,566  

Crown Resorts Ltd.

     14,335         220,953  

CSL Ltd.

     7,964         513,453  

CSR Ltd.

     115,902         377,057  

David Jones Ltd.

     66,624         200,689  

Envestra Ltd.

     349,213         364,127  

Flight Centre Travel Group Ltd.

     7,961         387,306  

GUD Holdings Ltd.

     40,519         204,675  

GWA Group Ltd.

     109,642         296,735  

Harvey Norman Holdings Ltd.

     94,669         289,555  

Iluka Resources Ltd.

     31,204         286,611  

Incitec Pivot Ltd.

     63,128         173,190  

Insurance Australia Group Ltd.

     111,805         577,199  

IOOF Holdings Ltd.

     37,705         309,280  

Iress Ltd.

     32,641         259,573  

JB Hi-Fi Ltd.

     20,004         347,638  

Leighton Holdings Ltd.

     14,469         283,098  

Lend Lease Group

     47,999         527,181  

Macquarie Group Ltd.

     15,536         834,166  

Metcash Ltd.

     79,040         191,937  

Mineral Resources Ltd.

     33,014         351,277  

Monadelphous Group Ltd.

     10,074         156,956  

Myer Holdings Ltd.

     80,487         166,357  

National Australia Bank Ltd.

     189,268         6,220,503  

Navitas Ltd.

     54,323         367,550  

New Hope Corp., Ltd.

     86,802         240,553  

Orica Ltd.

     17,939         363,794  

Origin Energy Ltd.

     49,294         652,884  

OZ Minerals Ltd.

     24,746         81,652  

Perpetual Ltd.

     7,508         347,940  

Platinum Asset Management Ltd.

     71,104         491,635  

QBE Insurance Group Ltd.

     40,579         482,169  
Investments    Shares      Value  
     

Ramsay Health Care Ltd.

     10,081       $ 449,706  

Rio Tinto Ltd.

     15,988         941,714  

Santos Ltd.

     30,915         386,823  

Seven West Media Ltd.

     161,445         296,278  

Sonic Healthcare Ltd.

     22,422         358,902  

Suncorp Group Ltd.

     71,261         850,041  

Sydney Airport

     159,535         619,555  

Tabcorp Holdings Ltd.

     91,990         290,740  

Tatts Group Ltd.

     146,677         394,248  

Telstra Corp., Ltd.

     1,012,527         4,767,381  

Toll Holdings Ltd.

     55,346         266,747  

Wesfarmers Ltd.

     77,714         2,966,884  

Westpac Banking Corp.

     245,167         7,853,175  

Woodside Petroleum Ltd.

     43,540         1,574,654  

Woolworths Ltd.

     76,279         2,525,376  

WorleyParsons Ltd.

     9,839         138,066  

Wotif.com Holdings Ltd.

     26,547         65,203  
     

 

 

 
Total Australia               67,382,845  
Austria – 0.5%      

Andritz AG

     4,762         294,393  

Oesterreichische Post AG

     6,419         323,357  

OMV AG

     11,630         527,917  

Raiffeisen Bank International AG

     12,269         409,216  

Strabag SE

     7,026         182,051  

Telekom Austria AG

     22,450         223,275  

Verbund AG

     15,117         311,067  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     5,583         275,396  

Voestalpine AG

     2,260         99,379  
     

 

 

 
Total Austria               2,646,051  
Belgium – 1.4%      

Ageas

     8,047         358,731  

Anheuser-Busch InBev N.V.

     36,229         3,799,871  

Belgacom S.A.

     47,282         1,481,232  

Colruyt S.A.

     5,254         289,653  

Delhaize Group S.A.

     2,138         156,322  

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

     6,863         346,812  

EVS Broadcast Equipment S.A.

     2,417         156,668  

NV Bekaert S.A.

     8,140         331,969  

Solvay S.A.

     2,257         354,465  

UCB S.A.

     7,014         561,849  

Umicore S.A.

     7,058         359,827  
     

 

 

 
Total Belgium               8,197,399  
Denmark – 1.0%      

Carlsberg A/S Class B

     1,591         158,307  

Chr Hansen Holding A/S

     7,688         305,136  

Coloplast A/S Class B

     5,708         462,056  

D/S Norden A/S

     5,047         215,222  

FLSmidth & Co. A/S

     2,117         106,846  

H. Lundbeck A/S

     8,928         275,240  

Novo Nordisk A/S Class B

     58,279         2,655,207  

Novozymes A/S Class B

     5,821         256,072  

Pandora A/S

     3,172         209,925  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      39   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

TDC A/S

     67,063       $ 620,243  

Tryg A/S

     4,620         457,139  
     

 

 

 
Total Denmark               5,721,393  
Finland – 1.2%      

Elisa Oyj*

     12,334         355,116  

Fortum Oyj

     56,033         1,274,253  

Kone Oyj Class B

     12,780         536,171  

Konecranes Oyj

     6,494         207,022  

Metso Oyj

     7,090         231,885  

Neste Oil Oyj

     18,558         378,548  

Nokian Renkaat Oyj

     3,804         153,878  

Orion Oyj Class B

     11,645         351,649  

Pohjola Bank PLC Class A

     19,618         436,131  

Sampo Class A

     20,619         1,069,942  

Sanoma Oyj

     33,200         231,535  

Stora Enso Oyj Class R

     42,450         454,304  

UPM-Kymmene Oyj

     40,304         689,363  

Wartsila Oyj Abp

     4,159         226,018  

YIT Oyj

     7,824         83,356  
     

 

 

 
Total Finland               6,679,171  
France – 11.8%      

Accor S.A.

     8,684         444,817  

Aeroports de Paris

     3,158         393,946  

Air Liquide S.A.

     7,592         1,028,788  

Alstom S.A.

     8,933         244,022  

Arkema S.A.

     1,901         215,368  

AXA S.A.

     98,595         2,563,537  

BNP Paribas S.A.

     39,021         3,011,180  

Bourbon S.A.

     4,311         141,708  

Bouygues S.A.

     23,164         966,553  

Bureau Veritas S.A.

     9,268         284,277  

Cap Gemini S.A.

     5,245         397,229  

Carrefour S.A.

     29,140         1,128,357  

Casino Guichard Perrachon S.A.

     4,419         526,096  

Christian Dior S.A.

     2,418         465,732  

Cie Generale des Etablissements Michelin

     5,231         654,490  

CNP Assurances

     41,209         872,959  

Compagnie de Saint-Gobain

     19,721         1,191,863  

Danone S.A.

     16,075         1,137,235  

Edenred

     7,691         241,418  

EDF S.A.

     116,876         4,625,536  

Eiffage S.A.

     3,101         232,161  

Essilor International S.A.

     1,799         181,497  

Euler Hermes S.A.

     1,873         236,462  

Eutelsat Communications S.A.

     6,793         230,784  

GDF Suez

     208,384         5,703,894  

Hermes International

     563         187,471  

Imerys S.A.

     3,082         274,193  

Kering

     2,037         415,650  

Klepierre

     10,502         470,128  

Lafarge S.A.

     2,382         186,146  

Lagardere SCA

     7,659         304,224  

Legrand S.A.

     4,423         274,899  
Investments    Shares      Value  
     

L’Oreal S.A.

     10,353       $ 1,708,001  

LVMH Moet Hennessy Louis Vuitton S.A.

     11,835         2,152,313  

Metropole Television S.A.

     22,696         493,923  

Natixis

     117,762         865,250  

Neopost S.A.

     3,036         239,848  

Nexity S.A.

     4,714         202,254  

Orange S.A.

     250,632         3,703,047  

Pernod-Ricard S.A.

     5,217         607,583  

Publicis Groupe S.A.

     5,429         490,703  

Rallye S.A.

     7,418         346,589  

Renault S.A.

     9,277         901,926  

Rexel S.A.

     9,569         251,174  

Safran S.A.

     7,985         553,458  

Sanofi

     41,541         4,332,973  

Schneider Electric S.A.

     18,186         1,612,923  

SCOR SE

     12,921         452,332  

Societe BIC S.A.

     3,127         410,938  

Societe Generale S.A.

     10,955         674,988  

Societe Television Francaise 1

     20,560         340,042  

Sodexo

     4,145         434,919  

Suez Environnement Co.

     32,662         663,767  

Technip S.A.

     2,665         275,147  

Thales S.A.

     7,874         522,323  

Total S.A.

     132,876         8,717,287  

Unibail-Rodamco SE

     3,624         941,515  

Valeo S.A.

     4,599         648,119  

Vallourec S.A.

     6,329         343,727  

Veolia Environnement S.A.

     29,028         574,512  

Vinci S.A.

     25,839         1,919,875  

Vivendi S.A.

     92,369         2,574,158  
     

 

 

 
Total France               67,188,234  
Germany – 8.6%      

Adidas AG

     3,798         411,125  

Allianz SE

     15,852         2,680,751  

Axel Springer SE

     3,159         202,260  

BASF SE

     28,446         3,163,115  

Bayer AG

     17,315         2,343,006  

Bayerische Motoren Werke AG

     21,259         2,684,485  

Beiersdorf AG

     4,420         431,304  

Bilfinger SE

     3,904         495,507  

Brenntag AG

     1,468         272,433  

Celesio AG

     7,907         270,375  

Continental AG

     4,578         1,097,244  

Daimler AG

     46,518         4,397,539  

Deutsche Bank AG

     16,950         758,659  

Deutsche Boerse AG

     7,235         576,061  

Deutsche Post AG

     37,562         1,396,232  

Deutsche Telekom AG

     318,502         5,149,180  

E.ON SE

     152,865         2,989,636  

Fielmann AG

     3,640         489,291  

Fraport AG Frankfurt Airport Services Worldwide

     3,180         237,637  

Freenet AG*

     17,538         613,600  

Fresenius Medical Care AG & Co. KGaA

     4,370         305,062  

 

See Notes to Financial Statements.

 

40   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Fresenius SE & Co. KGaA

     2,339       $ 366,215  

GEA Group AG

     6,032         275,845  

Hannover Rueckversicherung AG

     5,219         467,047  

Henkel AG & Co. KGaA

     4,773         479,893  

Hugo Boss AG

     3,543         471,614  

Infineon Technologies AG

     19,256         229,886  

K+S AG

     8,120         266,859  

Kabel Deutschland Holding AG

     3,618         497,205  

Linde AG

     3,382         676,812  

MAN SE

     3,160         402,862  

Merck KGaA

     3,738         629,819  

MLP AG

     49,093         326,133  

Muenchener Rueckversicherungs AG

     7,648         1,671,779  

Rheinmetall AG

     3,959         278,554  

RWE AG

     44,572         1,809,767  

SAP AG

     14,985         1,213,574  

Siemens AG

     30,793         4,146,431  

SMA Solar Technology AG

     2,503         132,816  

Suedzucker AG

     11,667         332,455  

Symrise AG

     5,435         271,616  

Talanx AG

     11,711         421,433  

Telefonica Deutschland Holding AG

     80,499         641,944  

United Internet AG Registered Shares

     230         10,805  

Volkswagen AG

     6,490         1,645,851  

Wacker Chemie AG

     1,868         228,184  

Wincor Nixdorf AG

     2,130         153,095  
     

 

 

 
Total Germany               49,012,996  
Hong Kong – 5.1%      

AIA Group Ltd.

     129,565         614,666  

Bank of East Asia Ltd.

     71,258         278,343  

BOC Hong Kong Holdings Ltd.

     488,944         1,393,012  

Cheung Kong Holdings Ltd.

     62,000         1,027,865  

China Merchants Holdings International Co., Ltd.

     113,431         389,702  

China Mobile Ltd.

     880,981         8,063,587  

China Overseas Land & Investment Ltd.

     201,175         521,283  

China Resources Enterprise Ltd.

     37,812         106,752  

China Resources Power Holdings Co., Ltd.

     166,000         432,278  

China Unicom Hong Kong Ltd.

     393,588         517,542  

CITIC Pacific Ltd.

     183,000         324,618  

CLP Holdings Ltd.

     88,500         667,425  

CNOOC Ltd.

     1,570,700         2,360,996  

Fosun International Ltd.

     258,000         324,286  

Hang Lung Group Ltd.

     24,000         120,819  

Hang Lung Properties Ltd.

     103,000         296,105  

Hang Seng Bank Ltd.

     87,300         1,389,903  

Henderson Land Development Co., Ltd.

     49,500         288,753  

HKT Trust and HKT Ltd.

     418,025         440,818  

Hong Kong & China Gas Co., Ltd.

     185,244         404,062  

Hong Kong Exchanges and Clearing Ltd.

     16,400         248,631  

Hutchison Whampoa Ltd.

     107,000         1,416,634  

Hysan Development Co., Ltd.

     102,000         443,790  

Lenovo Group Ltd.

     235,003         259,632  

MTR Corp., Ltd.

     172,000         636,376  
Investments    Shares      Value  
     

New World Development Co., Ltd.

     232,000       $ 233,284  

PCCW Ltd.

     445,088         223,202  

Power Assets Holdings Ltd.

     81,500         706,567  

Shanghai Industrial Holdings Ltd.

     46,000         153,293  

Shenzhen Investment Ltd.

     480,000         155,317  

Shougang Fushan Resources Group Ltd.

     732,698         222,915  

Sino Land Co., Ltd.

     232,400         341,542  

Sino-Ocean Land Holdings Ltd.

     282,000         154,141  

Sinotruk Hong Kong Ltd.

     155,000         83,724  

SJM Holdings Ltd.

     205,760         578,257  

Sun Art Retail Group Ltd.

     174,500         219,333  

Sun Hung Kai Properties Ltd.

     98,000         1,200,198  

Swire Properties Ltd.

     141,000         401,712  

Television Broadcasts Ltd.

     45,800         274,255  

Wharf Holdings Ltd.

     89,000         569,082  

Wheelock & Co., Ltd.

     87,000         339,833  
     

 

 

 
Total Hong Kong               28,824,533  
Ireland – 0.3%      

CRH PLC

     32,822         913,559  

DCC PLC

     7,056         383,487  

Dragon Oil PLC

     19,205         175,756  

Kerry Group PLC Class A

     4,074         311,127  
     

 

 

 
Total Ireland               1,783,929  
Israel – 0.7%      

Bezeq Israeli Telecommunication Corp., Ltd.

     456,914         813,115  

Clal Insurance Enterprise Holdings Ltd.*

     14,070         278,808  

Delek Automotive Systems Ltd.

     22,391         236,346  

Gazit-Globe Ltd.

     19,557         252,157  

Israel Chemicals Ltd.

     90,414         789,858  

Teva Pharmaceutical Industries Ltd.

     27,952         1,442,389  
     

 

 

 
Total Israel               3,812,673  
Italy – 3.7%      

A2A SpA

     218,019         282,756  

ACEA SpA

     22,752         336,784  

Assicurazioni Generali SpA

     19,146         426,957  

Atlantia SpA

     37,079         953,092  

Banca Generali SpA

     17,448         575,942  

Enel Green Power SpA

     80,474         226,041  

Enel SpA

     503,032         2,848,091  

Eni SpA

     226,588         5,686,889  

ERG SpA

     26,174         423,873  

Gtech SpA

     15,129         459,776  

Hera SpA

     106,629         311,558  

Intesa Sanpaolo SpA

     531,430         1,801,810  

Iren SpA

     106,958         193,113  

Luxottica Group SpA

     3,439         198,977  

MARR SpA

     15,034         294,647  

Mediolanum SpA

     52,857         499,024  

Parmalat SpA

     88,840         306,354  

Pirelli & C. SpA

     21,018         330,236  

Snam SpA

     229,620         1,345,013  

Societa Iniziative Autostradali e Servizi SpA

     43,957         528,896  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      41   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Telecom Italia SpA RSP

     615,435       $ 575,944  

Terna Rete Elettrica Nazionale SpA

     120,482         645,619  

Tod’s SpA

     1,692         219,791  

UniCredit SpA

     119,917         1,095,777  

Unione di Banche Italiane SCPA

     30,089         283,656  
     

 

 

 
Total Italy               20,850,616  
Japan – 10.7%      

Aeon Co., Ltd.

     23,000         259,737  

Airport Facilities Co., Ltd.

     9,000         66,592  

Aisin Seiki Co., Ltd.

     9,500         343,618  

Ajinomoto Co., Inc.

     18,000         257,805  

ANA Holdings, Inc.

     191,000         413,585  

Aozora Bank Ltd.

     140,000         399,670  

Asahi Glass Co., Ltd.

     49,000         284,527  

Asahi Group Holdings Ltd.

     11,400         319,800  

Asahi Kasei Corp.

     38,000         259,028  

Astellas Pharma, Inc.

     63,000         748,769  

Azbil Corp.

     4,900         121,233  

Bank of Yokohama Ltd. (The)

     90,000         450,066  

Bridgestone Corp.

     12,200         433,578  

Brother Industries Ltd.

     13,500         189,159  

Canon, Inc.

     54,000         1,673,195  

Central Japan Railway Co.

     3,200         374,734  

Chiba Bank Ltd. (The)

     56,000         345,837  

Chugai Pharmaceutical Co., Ltd.

     9,000         230,276  

Chugoku Electric Power Co., Inc. (The)

     19,200         268,280  

Coca-Cola West Co., Ltd.

     18,000         314,784  

Dai Nippon Printing Co., Ltd.

     6,000         57,620  

Daihatsu Motor Co., Ltd.

     14,300         253,133  

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

     23,033         335,481  

Daiichi Sankyo Co., Ltd.

     22,600         381,403  

Daikin Industries Ltd.

     4,900         275,106  

Dainippon Sumitomo Pharma Co., Ltd.

     19,600         312,123  

Daito Trust Construction Co., Ltd.

     3,800         352,418  

Daiwa House Industry Co., Ltd.

     15,000         255,037  

Daiwa Securities Group, Inc.

     23,000         200,553  

Denso Corp.

     11,300         542,918  

East Japan Railway Co.

     4,800         354,506  

Eisai Co., Ltd.

     11,700         456,480  

Electric Power Development Co., Ltd.

     3,800         107,559  

FANUC Corp.

     3,300         583,352  

Fast Retailing Co., Ltd.

     1,200         436,199  

Fuji Heavy Industries Ltd.

     4,000         108,443  

FUJIFILM Holdings Corp.

     10,300         277,140  

Higashi-Nippon Bank Ltd. (The)

     188,000         463,679  

Hino Motors Ltd.

     26,200         389,496  

Hitachi Chemical Co., Ltd.

     10,500         143,249  

Hitachi Ltd.

     54,000         399,553  

Hokuriku Electric Power Co.

     13,600         176,826  

Honda Motor Co., Ltd.

     38,900         1,372,652  

Hoya Corp.

     28,800         898,523  

Ibiden Co., Ltd.

     4,100         80,977  

Idemitsu Kosan Co., Ltd.

     11,400         234,564  
Investments    Shares      Value  
     

Isuzu Motors Ltd.

     29,000       $ 166,985  

ITOCHU Corp.

     53,700         628,851  

Japan Airlines Co., Ltd.

     8,600         424,217  

Japan Tobacco, Inc.

     36,144         1,137,122  

JFE Holdings, Inc.

     14,700         277,342  

JGC Corp.

     6,000         209,157  

JSR Corp.

     10,700         198,758  

JX Holdings, Inc.

     105,279         508,071  

Kajima Corp.

     49,000         172,239  

Kao Corp.

     4,700         166,897  

Kawasaki Heavy Industries Ltd.

     50,000         184,493  

KDDI Corp.

     16,002         928,562  

Keikyu Corp.

     19,000         160,509  

Kikkoman Corp.

     12,000         226,868  

Kintetsu Corp.

     100,000         356,363  

Kirin Holdings Co., Ltd.

     13,000         180,512  

Kokuyo Co., Ltd.

     5,000         36,656  

Komatsu Ltd.

     21,800         452,575  

Konami Corp.

     7,000         162,111  

Konica Minolta, Inc.

     17,500         163,640  

Kubota Corp.

     8,000         106,190  

Kuraray Co., Ltd.

     14,500         166,141  

Kyocera Corp.

     6,700         302,715  

Kyowa Hakko Kirin Co., Ltd.

     22,000         234,986  

Lawson, Inc.

     4,200         297,713  

LIXIL Group Corp.

     11,000         303,986  

Makita Corp.

     6,000         330,339  

Marubeni Corp.

     42,000         282,624  

Marui Group Co., Ltd.

     19,400         166,714  

Medipal Holdings Corp.

     17,200         263,549  

Mie Bank Ltd. (The)

     161,000         361,130  

Mitsubishi Chemical Holdings Corp.

     24,600         102,475  

Mitsubishi Corp.

     43,100         801,860  

Mitsubishi Electric Corp.

     29,000         327,213  

Mitsubishi Estate Co., Ltd.

     14,000         332,514  

Mitsubishi Heavy Industries Ltd.

     52,000         301,442  

Mitsubishi Tanabe Pharma Corp.

     15,400         215,781  

Mitsubishi UFJ Financial Group, Inc.

     308,600         1,699,045  

Mitsui & Co., Ltd.

     53,700         760,774  

Mitsui Chemicals, Inc.

     40,000         98,267  

Mitsui Fudosan Co., Ltd.

     4,000         122,309  

Mizuho Financial Group, Inc.

     760,600         1,506,650  

Morinaga & Co., Ltd.

     195,000         427,926  

MS&AD Insurance Group Holdings

     15,230         349,602  

Murata Manufacturing Co., Ltd.

     1,700         160,698  

Nidec Corp.

     4,000         243,880  

Nikon Corp.

     8,200         132,334  

Nippon Electric Glass Co., Ltd.

     10,000         51,561  

Nippon Express Co., Ltd.

     39,000         191,241  

Nippon Steel & Sumitomo Metal Corp.

     130,000         355,974  

Nippon Telegraph & Telephone Corp.

     41,200         2,247,927  

Nippon Yusen K.K.

     49,000         142,739  

Nissan Chemical Industries Ltd.

     15,500         233,136  

Nissan Motor Co., Ltd.

     115,900         1,035,374  

 

See Notes to Financial Statements.

 

42   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Nisshin Seifun Group, Inc.

     550       $ 6,056  

Nissin Foods Holdings Co., Ltd.

     4,900         221,484  

Nitto Denko Corp.

     5,200         249,535  

NKSJ Holdings, Inc.

     18,200         468,674  

Nomura Holdings, Inc.

     31,400         201,843  

Nomura Research Institute Ltd.

     300         9,497  

NSK Ltd.

     14,000         144,371  

NTT DOCOMO, Inc.

     163,755         2,588,660  

Odakyu Electric Railway Co., Ltd.

     28,000         241,705  

Oji Holdings Corp.

     44,000         197,388  

Oracle Corp.

     2,800         127,106  

Oriental Land Co., Ltd.

     1,900         289,654  

Osaka Gas Co., Ltd.

     49,000         186,037  

Park24 Co., Ltd.

     12,500         238,141  

Resona Holdings, Inc.

     88,800         430,268  

Ricoh Co., Ltd.

     29,400         339,719  

Ryosan Co., Ltd.

     4,900         103,676  

SAIBU GAS Co., Ltd.

     49,000         124,183  

Sankyo Co., Ltd.

     4,400         185,639  

Secom Co., Ltd.

     1,600         92,379  

Sega Sammy Holdings, Inc.

     11,500         258,174  

Sekisui House Ltd.

     23,800         296,041  

Seven & I Holdings Co., Ltd.

     13,100         501,689  

Shin-Etsu Chemical Co., Ltd.

     5,100         292,079  

Shionogi & Co., Ltd.

     4,100         76,160  

Shiseido Co., Ltd.

     10,700         188,680  

Shizuoka Bank Ltd. (The)

     35,000         342,234  

Showa Shell Sekiyu K.K.

     27,100         242,620  

SMC Corp.

     1,000         264,359  

SoftBank Corp.

     9,800         742,244  

Sony Corp.

     18,300         350,416  

Sony Financial Holdings, Inc.

     11,978         196,561  

Sumitomo Bakelite Co., Ltd.

     48,000         185,037  

Sumitomo Corp.

     41,000         522,727  

Sumitomo Electric Industries Ltd.

     19,200         286,364  

Sumitomo Metal Mining Co., Ltd.

     17,000         213,934  

Sumitomo Mitsui Financial Group, Inc.

     38,300         1,639,702  

Sumitomo Mitsui Trust Holdings, Inc.

     80,070         362,311  

Sumitomo Realty & Development Co., Ltd.

     5,000         196,242  

T&D Holdings, Inc.

     22,600         269,264  

Taisei Corp.

     54,000         241,725  

Takeda Pharmaceutical Co., Ltd.

     29,100         1,382,310  

TDK Corp.

     3,200         133,922  

Tokio Marine Holdings, Inc.

     9,300         279,763  

Tokyo Electron Ltd.

     4,700         288,659  

Tokyo Gas Co., Ltd.

     49,000         249,318  

TOKYU Corp.

     6,000         36,763  

TonenGeneral Sekiyu K.K.

     6,000         53,076  

Toppan Printing Co., Ltd.

     36,000         258,329  

TORAY INDUSTRIES, Inc.

     33,000         218,537  

Toshiba Corp.

     44,000         186,707  

Toyota Motor Corp.

     52,600         2,975,653  

Toyota Tsusho Corp.

     13,800         351,080  

Trend Micro, Inc.

     10,000         310,239  
Investments    Shares      Value  
     

USS Co., Ltd.

     24,260       $ 341,338  

West Japan Railway Co.

     2,720         111,299  

Yahoo! Japan Corp.

     43,310         212,797  

Yakult Honsha Co., Ltd.

     4,000         201,194  

Yamato Holdings Co., Ltd.

     19,500         421,110  
     

 

 

 
Total Japan               60,728,672  
Netherlands – 1.9%      

Aegon N.V.

     71,029         652,279  

Airbus Group N.V.

     9,628         689,896  

Akzo Nobel N.V.

     6,851         559,273  

ASML Holding N.V.

     995         92,196  

Delta Lloyd N.V.

     20,079         556,937  

Fugro N.V.

     3,135         192,859  

Heineken Holding N.V.

     6,804         439,482  

Heineken N.V.

     10,164         707,711  

Kas Bank N.V.

     33,536         463,596  

Koninklijke Ahold N.V.

     31,132         625,594  

Koninklijke Boskalis Westminster N.V.

     5,374         296,046  

Koninklijke DSM N.V.

     5,674         389,563  

Koninklijke Philips N.V.

     25,959         912,517  

Randstad Holding N.V.

     7,327         429,234  

Reed Elsevier N.V.

     33,867         732,131  

STMicroelectronics N.V.

     23,694         219,450  

Unilever N.V.

     50,219         2,065,009  

Wolters Kluwer N.V.

     15,240         430,173  

Ziggo N.V.

     10,007         444,797  
     

 

 

 
Total Netherlands               10,898,743  
New Zealand – 0.3%      

Auckland International Airport Ltd.*

     92,241         304,960  

Fisher & Paykel Healthcare Corp., Ltd.

     94,646         349,049  

Fletcher Building Ltd.

     20,161         166,550  

Sky Network Television Ltd.

     56,361         305,670  

Telecom Corp. of New Zealand Ltd.

     175,934         372,507  

Vector Ltd.

     177,630         374,556  
     

 

 

 
Total New Zealand               1,873,292  
Norway – 1.7%      

Aker ASA Class A

     8,931         288,648  

Aker Solutions ASA

     18,155         282,769  

Atea ASA

     16,644         182,785  

DNB ASA

     30,573         531,589  

Fred Olsen Energy ASA

     3,936         131,484  

Gjensidige Forsikring ASA

     37,719         767,352  

Norsk Hydro ASA

     81,628         406,978  

Orkla ASA

     56,567         482,332  

SpareBank 1 SMN

     27,678         248,485  

Statoil ASA

     153,636         4,336,774  

Telenor ASA

     69,461         1,539,568  

Yara International ASA

     18,534         819,117  
     

 

 

 
Total Norway               10,017,881  
Portugal – 0.5%      

EDP-Energias de Portugal S.A.

     274,528         1,275,479  

Galp Energia, SGPS, S.A.

     10,295         177,860  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      43   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Jeronimo Martins, SGPS, S.A.

     13,235       $ 222,177  

Mota-Engil, SGPS, S.A.

     2,416         19,646  

Portugal Telecom, SGPS, S.A.

     83,213         354,043  

Sonae

     311,334         585,287  

ZON OPTIMUS, SGPS, S.A.

     5,906         46,397  
     

 

 

 
Total Portugal               2,680,889  
Singapore – 2.1%      

CitySpring Infrastructure Trust

     285,960         106,876  

ComfortDelGro Corp., Ltd.

     293,000         462,491  

DBS Group Holdings Ltd.

     63,000         810,075  

Global Premium Hotels Ltd.

     2,003,000         525,617  

Hutchison Port Holdings Trust Class U

     605,036         393,273  

Jardine Cycle & Carriage Ltd.

     11,000         396,509  

Keppel Corp., Ltd.

     147,100         1,273,841  

Keppel Land Ltd.

     117,000         312,608  

K-Green Trust

     910,414         752,917  

M1 Ltd.

     166,000         458,049  

Oversea-Chinese Banking Corp., Ltd.

     130,000         983,102  

Saizen REIT

     233,930         165,558  

SATS Ltd.

     43,000         103,948  

Sembcorp Industries Ltd.

     49,000         213,916  

SembCorp Marine Ltd.

     6,000         19,323  

Singapore Airlines Ltd.

     11,000         91,583  

Singapore Exchange Ltd.

     48,000         264,896  

Singapore Post Ltd.

     389,000         420,691  

Singapore Press Holdings Ltd.

     29,000         96,855  

Singapore Technologies Engineering Ltd.

     111,000         337,180  

Singapore Telecommunications Ltd.

     627,000         1,819,848  

StarHub Ltd.

     111,000         370,721  

Tiong Seng Holdings Ltd.

     1,501,000         232,750  

United Overseas Bank Ltd.

     48,000         826,369  

Venture Corp., Ltd.

     28,000         166,101  

Wilmar International Ltd.

     137,000         376,939  
     

 

 

 
Total Singapore               11,982,036  
Spain – 5.4%      

Abertis Infraestructuras, S.A.

     34,280         783,109  

Acerinox S.A.

     16,922         271,943  

ACS Actividades de Construccion y Servicios, S.A.

     17,776         698,611  

Amadeus IT Holding S.A. Class A

     11,767         488,969  

Atresmedia Corp de Medios de Comunicaion S.A.*

     3,369         51,866  

Banco Bilbao Vizcaya Argentaria S.A.

     312,107         3,750,147  

Banco de Sabadell S.A.

     85,318         263,636  

Banco Santander S.A.

     1,181,524         11,270,398  

Bolsas y Mercados Espanoles S.A.

     10,814         440,201  

CaixaBank

     385,371         2,480,412  

Duro Felguera S.A.

     22,822         156,328  

Enagas S.A.

     12,883         391,963  

Ferrovial S.A.

     72,345         1,567,931  

Gas Natural SDG S.A.

     52,211         1,468,699  

Iberdrola S.A.

     246,585         1,725,107  

Inditex S.A.

     10,755         1,614,233  
Investments    Shares      Value  
     

Indra Sistemas S.A.

     13,505       $ 271,474  

Mapfre S.A.

     122,223         515,469  

Obrascon Huarte Lain S.A.

     10,296         447,709  

Red Electrica Corp. S.A.

     4,943         401,949  

Repsol S.A.

     39,307         1,003,589  

Tecnicas Reunidas S.A.

     3,345         189,043  

Zardoya Otis S.A.

     27,207         463,476  
     

 

 

 
Total Spain               30,716,262  
Sweden – 3.9%      

Alfa Laval AB

     14,713         397,351  

Assa Abloy AB Class B

     817         43,424  

Atlas Copco AB Class A

     14,114         406,426  

Atlas Copco AB Class B

     17,494         478,123  

Axfood AB

     9,039         499,103  

Axis Communications AB

     5,251         179,473  

BillerudKorsnas AB

     26,328         363,436  

Boliden AB

     27,326         414,723  

Electrolux AB Series B

     14,117         307,443  

Fabege AB

     22,246         289,589  

Getinge AB Class B

     12,294         343,778  

Hennes & Mauritz AB Class B

     70,793         3,013,607  

Hexagon AB Class B

     13,601         461,300  

Husqvarna AB Class B

     28,720         200,221  

Investment AB Latour Class B

     18,329         553,244  

NCC AB Class B

     9,659         348,904  

Nordea Bank AB

     147,245         2,084,829  

Peab AB

     64,555         455,421  

Ratos AB Class B

     17,255         159,681  

Sandvik AB

     36,057         508,581  

Scania AB Class B

     12,050         353,496  

Securitas AB Class B

     26,462         305,901  

Skandinaviska Enskilda Banken AB Class A

     70,257         962,796  

Skanska AB Class B

     26,316         618,980  

SKF AB Class B

     13,931         356,034  

Svenska Cellulosa AB Class B

     8,762         257,446  

Svenska Handelsbanken AB Class A

     20,815         1,042,749  

Swedbank AB Class A

     51,088         1,368,692  

Swedish Match AB

     8,117         264,785  

Tele2 AB Class B

     48,286         598,031  

Telefonaktiebolaget LM Ericsson Class B

     108,198         1,438,513  

TeliaSonera AB

     231,694         1,743,901  

Trelleborg AB Class B

     24,922         502,011  

Volvo AB Class A

     41,008         659,690  

Volvo AB Class B

     10,823         171,604  
     

 

 

 
Total Sweden               22,153,286  
Switzerland – 7.2%      

ABB Ltd.*

     64,567         1,666,528  

Actelion Ltd.*

     4,929         467,037  

Adecco S.A.*

     6,969         580,257  

Baloise Holding AG

     8,585         1,080,718  

Cie Financiere Richemont S.A.

     4,408         421,164  

Clariant AG*

     26,473         514,865  

Geberit AG

     1,579         517,485  

 

See Notes to Financial Statements.

 

44   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Givaudan S.A.*

     316       $ 489,016  

Helvetia Holding AG

     942         482,810  

Holcim Ltd.*

     5,351         443,418  

Julius Baer Group Ltd.*

     9,950         441,884  

Kuehne + Nagel International AG

     3,151         441,251  

Logitech International S.A.

     31,958         477,552  

Nestle S.A.

     99,300         7,481,083  

Novartis AG

     84,258         7,153,846  

Partners Group Holding AG

     189         53,147  

Roche Holding AG

     5,635         1,682,494  

Roche Holding AG – Genusschein

     19,587         5,875,989  

Schindler Holding AG Participating Shares

     2,737         403,726  

Sulzer AG

     1,375         189,124  

Swatch Group AG (The)

     3,984         462,286  

Swiss Life Holding AG*

     2,327         571,641  

Swiss Re AG*

     35,485         3,292,009  

Swisscom AG

     2,299         1,413,208  

Syngenta AG

     2,294         868,154  

UBS AG*

     30,070         621,586  

Zurich Insurance Group AG*

     9,009         2,767,921  
     

 

 

 
Total Switzerland               40,860,199  
United Kingdom – 19.5%      

Aberdeen Asset Management PLC

     35,720         232,426  

Admiral Group PLC

     4,522         107,655  

AMEC PLC

     20,698         387,165  

Amlin PLC

     66,291         535,234  

Anglo American PLC

     57,074         1,452,479  

Antofagasta PLC

     22,846         318,223  

ARM Holdings PLC

     17,042         283,547  

Ashmore Group PLC

     43,780         242,247  

Associated British Foods PLC

     12,604         584,365  

AstraZeneca PLC

     72,031         4,655,153  

Aviva PLC

     153,466         1,220,409  

Babcock International Group PLC

     30,262         679,579  

BAE Systems PLC

     140,197         968,107  

Balfour Beatty PLC

     113,237         565,594  

Barclays PLC

     333,369         1,297,182  

Berendsen PLC

     28,379         528,949  

BG Group PLC

     58,624         1,092,189  

BHP Billiton PLC

     92,950         2,857,492  

BP PLC

     1,003,109         8,027,200  

British American Tobacco PLC

     79,130         4,400,245  

British Land Co. PLC

     12,104         131,972  

British Sky Broadcasting Group PLC

     70,257         1,069,387  

BT Group PLC

     246,352         1,558,628  

Burberry Group PLC

     14,353         333,804  

Cable & Wireless Communications PLC

     55,721         48,863  

Capita PLC

     22,659         414,024  

Carillion PLC

     37,674         227,114  

Carnival PLC

     4,965         189,056  

Centrica PLC

     200,537         1,102,270  

Close Brothers Group PLC

     26,803         630,947  

Compass Group PLC

     29,488         449,822  
Investments    Shares      Value  
     

Croda International PLC

     8,529       $ 362,019  

Daily Mail & General Trust PLC Class A

     25,405         368,056  

Darty PLC

     108,615         212,766  

De La Rue PLC

     26,644         361,797  

Diageo PLC

     62,217         1,930,324  

Direct Line Insurance Group PLC

     118,538         469,349  

Drax Group PLC

     45,999         587,424  

easyJet PLC

     14,054         401,827  

Electrocomponents PLC

     39,790         187,731  

Fidessa Group PLC

     7,664         324,153  

Fresnillo PLC

     32,141         451,980  

G4S PLC

     58,405         235,148  

GKN PLC

     61,828         402,308  

GlaxoSmithKline PLC

     226,298         6,004,296  

Halfords Group PLC

     28,568         219,942  

Hammerson PLC

     35,852         331,129  

Hays PLC

     186,005         449,642  

HSBC Holdings PLC

     832,095         8,427,406  

ICAP PLC

     36,424         229,295  

IG Group Holdings PLC

     28,870         302,020  

IMI PLC

     3,553         86,363  

Imperial Tobacco Group PLC

     47,383         1,914,039  

Inchcape PLC

     32,446         349,437  

Inmarsat PLC

     18,124         219,515  

InterContinental Hotels Group PLC

     2,730         87,704  

Intertek Group PLC

     4,628         237,022  

Investec PLC

     28,487         230,242  

ITV PLC

     183,974         587,354  

J. Sainsbury PLC

     96,390         507,962  

John Wood Group PLC

     25,544         326,632  

Johnson Matthey PLC

     6,771         369,239  

Kingfisher PLC

     76,948         540,588  

Ladbrokes PLC

     75,563         170,066  

Legal & General Group PLC

     241,227         823,225  

London Stock Exchange Group PLC

     18,457         606,181  

Man Group PLC

     301,939         509,418  

Marks & Spencer Group PLC

     77,751         585,246  

Marston’s PLC

     10,709         25,709  

Meggitt PLC

     35,003         280,047  

Melrose Industries PLC

     84,632         418,909  

Mondi PLC

     19,332         338,086  

Moneysupermarket.com Group PLC

     106,493         332,177  

N. Brown Group PLC

     32,240         307,175  

National Grid PLC

     182,842         2,505,662  

Next PLC

     2,114         232,607  

Old Mutual PLC

     178,347         597,933  

Pearson PLC

     31,260         553,984  

Premier Farnell PLC

     33,718         131,482  

Prudential PLC

     65,704         1,389,495  

Reckitt Benckiser Group PLC

     26,261         2,139,579  

Reed Elsevier PLC

     20,519         313,348  

Rexam PLC

     31,551         256,058  

Rio Tinto PLC

     57,665         3,208,546  

Royal Dutch Shell PLC Class A

     201,489         7,359,841  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      45   


Table of Contents

Schedule of Investments (concluded)

WisdomTree DEFA Fund (DWM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Royal Dutch Shell PLC Class B

     118,859       $ 4,637,836  

SABMiller PLC

     29,106         1,453,296  

Sage Group PLC (The)

     57,493         400,747  

Segro PLC

     86,815         480,516  

Severn Trent PLC

     13,763         418,287  

Smith & Nephew PLC

     18,588         281,690  

Smiths Group PLC

     16,631         352,679  

SSE PLC

     49,438         1,210,758  

Standard Chartered PLC

     85,844         1,793,944  

Standard Life PLC

     87,259         549,164  

TalkTalk Telecom Group PLC

     77,966         416,329  

Tate & Lyle PLC

     4,376         48,697  

Tesco PLC

     344,539         1,696,772  

TUI Travel PLC

     25,859         188,825  

Tullow Oil PLC

     8,584         107,116  

Unilever PLC

     34,556         1,475,393  

United Utilities Group PLC

     41,038         539,122  

Vedanta Resources PLC

     14,670         220,603  

Vodafone Group PLC

     1,545,599         5,676,571  

Weir Group PLC (The)

     9,815         414,968  

WH Smith PLC

     21,976         440,747  

Whitbread PLC

     7,406         513,879  

William Hill PLC

     54,265         308,496  

WM Morrison Supermarkets PLC

     93,123         330,683  
     

 

 

 
Total United Kingdom               111,347,928  
TOTAL COMMON STOCKS
(Cost: $462,090,479)
              565,359,028  
EXCHANGE-TRADED FUNDS – 0.1%      
United States – 0.1%      

WisdomTree International Dividend
ex-Financials Fund(a)

     
(Cost: $524,128)      11,082         545,678  
RIGHTS – 0.0%      
Hong Kong – 0.0%      

New World Development Co., Ltd., expiring 5/17/14*

     77,333         15,951  
Portugal – 0.0%      

Mota-Engil Africa SGPS, S.A., expiring 5/01/14*†

     2,392         1,319  
Spain – 0.0%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 5/14/14*

     312,107         73,127  
TOTAL RIGHTS
(Cost: $73,564)
              90,397  
TOTAL INVESTMENTS IN SECURITIES – 99.4% (Cost: $462,688,171)         565,995,103  

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

        3,192,555  
     

 

 

 
NET ASSETS – 100.0%             $ 569,187,658  

RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $1,319, which represents 0.0% of net assets.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

46   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.5%      
Australia – 16.3%      

Adelaide Brighton Ltd.

     41,650       $ 154,799  

AGL Energy Ltd.

     26,019         366,077  

ALS Ltd./Queensland

     13,228         89,868  

Amcor Ltd.

     47,451         456,952  

AMP Ltd.

     126,422         583,528  

Arrium Ltd.

     108,063         135,214  

Ausdrill Ltd.

     93,862         69,597  

Australia & New Zealand Banking Group Ltd.

     147,602         4,522,771  

Bank of Queensland Ltd.

     21,388         254,732  

Bendigo and Adelaide Bank Ltd.

     20,894         220,381  

BHP Billiton Ltd.

     138,331         4,675,896  

Bradken Ltd.

     34,881         140,956  

Brickworks Ltd.

     16,796         221,057  

Cabcharge Australia Ltd.

     30,400         114,114  

Coca-Cola Amatil Ltd.

     38,360         392,160  

Cochlear Ltd.

     1,896         100,167  

Commonwealth Bank of Australia

     84,344         6,053,814  

Crown Resorts Ltd.

     24,469         377,153  

David Jones Ltd.

     62,107         187,083  

DuluxGroup Ltd.

     26,915         142,942  

Envestra Ltd.

     141,990         148,054  

Fairfax Media Ltd.

     149,357         126,665  

Flight Centre Travel Group Ltd.

     5,074         246,852  

GrainCorp Ltd. Class A

     8,882         69,316  

Grange Resources Ltd.

     421,985         101,690  

GUD Holdings Ltd.

     26,012         131,395  

GWA Group Ltd.

     47,799         129,363  

Harvey Norman Holdings Ltd.

     69,630         212,971  

Iluka Resources Ltd.

     15,593         143,223  

Incitec Pivot Ltd.

     86,580         237,530  

Insurance Australia Group Ltd.

     84,030         433,810  

IOOF Holdings Ltd.

     20,359         166,997  

Iress Ltd.

     22,841         181,640  

JB Hi-Fi Ltd.

     6,967         121,076  

Leighton Holdings Ltd.

     17,182         336,180  

Lend Lease Group

     18,813         206,626  

Macquarie Group Ltd.

     11,316         607,584  

Metcash Ltd.

     59,483         144,445  

Monadelphous Group Ltd.

     6,725         104,778  

Mount Gibson Iron Ltd.

     245,081         206,710  

Myer Holdings Ltd.

     55,571         114,858  

National Australia Bank Ltd.

     142,358         4,678,753  

New Hope Corp., Ltd.

     29,337         81,301  

Northern Star Resources Ltd.

     51,637         54,081  

NRW Holdings Ltd.

     116,093         114,057  

Orica Ltd.

     16,390         332,381  

Origin Energy Ltd.

     50,987         675,307  

OZ Minerals Ltd.

     46,701         154,094  

Platinum Asset Management Ltd.

     29,825         206,219  

Primary Health Care Ltd.

     23,656         103,269  

QBE Insurance Group Ltd.

     29,921         355,528  

Resolute Mining Ltd.*

     144,170         79,506  
Investments    Shares      Value  
     

Rio Tinto Ltd.

     15,315       $ 902,074  

SAI Global Ltd.

     37,654         143,088  

Seven West Media Ltd.

     67,358         123,613  

Sonic Healthcare Ltd.

     15,490         247,944  

Suncorp Group Ltd.

     48,590         579,609  

Super Retail Group Ltd.

     10,845         110,971  

Sydney Airport

     123,736         480,529  

Tabcorp Holdings Ltd.

     86,405         273,088  

Tatts Group Ltd.

     133,505         358,843  

Telstra Corp., Ltd.

     903,198         4,252,617  

Toll Holdings Ltd.

     40,441         194,910  

Wesfarmers Ltd.

     62,809         2,397,857  

Westpac Banking Corp.

     179,831         5,760,336  

Woodside Petroleum Ltd.

     36,603         1,323,773  

Woolworths Ltd.

     59,990         1,986,094  

WorleyParsons Ltd.

     10,953         153,698  

Wotif.com Holdings Ltd.

     38,894         95,530  
     

 

 

 
Total Australia               49,650,094  
Austria – 0.4%      

EVN AG

     14,878         209,567  

Oesterreichische Post AG

     3,230         162,711  

OMV AG

     9,678         439,310  

Raiffeisen Bank International AG

     5,642         188,181  

Verbund AG

     9,111         187,480  
     

 

 

 
Total Austria               1,187,249  
Belgium – 0.6%      

Ageas

     6,663         297,033  

Belgacom S.A.

     34,747         1,088,541  

Cofinimmo

     2,001         238,529  

EVS Broadcast Equipment S.A.

     1,441         93,404  
     

 

 

 
Total Belgium               1,717,507  
Denmark – 0.3%      

TDC A/S

     83,012         767,750  

Tryg A/S

     2,658         263,003  
     

 

 

 
Total Denmark               1,030,753  
Finland – 1.6%      

Elisa Oyj*

     12,611         363,091  

Fortum Oyj

     47,777         1,086,502  

Kemira Oyj

     12,117         176,689  

Kesko Oyj Class B

     3,902         170,319  

Metso Oyj

     8,899         291,050  

Neste Oil Oyj

     7,177         146,397  

Nokian Renkaat Oyj

     3,842         155,415  

Orion Oyj Class B

     4,224         127,554  

Pohjola Bank PLC Class A

     9,402         209,017  

Sampo Class A

     17,614         914,010  

Sanoma Oyj

     12,847         89,594  

Stora Enso Oyj Class R

     25,197         269,661  

Tikkurila Oyj

     7,900         186,188  

UPM-Kymmene Oyj

     33,363         570,643  

Uponor Oyj

     6,013         109,643  
     

 

 

 
Total Finland               4,865,773  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      47   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
France – 13.5%      

AXA S.A.

     70,415       $ 1,830,838  

BNP Paribas S.A.

     28,379         2,189,956  

Bourbon S.A.

     3,799         124,878  

Bouygues S.A.

     21,732         906,800  

Carrefour S.A.

     27,219         1,053,972  

Casino Guichard Perrachon S.A.

     3,724         443,354  

Cie Generale des Etablissements Michelin

     5,951         744,574  

CNP Assurances

     29,687         628,880  

Compagnie de Saint-Gobain

     18,440         1,114,444  

EDF S.A.

     105,151         4,161,502  

Eiffage S.A.

     2,374         177,733  

Euler Hermes S.A.

     2,090         263,858  

Eutelsat Communications S.A.

     6,290         213,696  

GDF Suez

     184,980         5,063,279  

Klepierre

     8,270         370,211  

Lagardere SCA

     5,711         226,848  

Metropole Television S.A.

     18,198         396,035  

Neopost S.A.

     1,646         130,036  

Nexity S.A.

     3,356         143,989  

Orange S.A.

     220,544         3,258,501  

Rallye S.A.

     5,103         238,426  

Rexel S.A.

     10,966         287,844  

Sanofi

     36,456         3,802,577  

SCOR SE

     3,520         123,227  

Societe Television Francaise 1

     11,231         185,749  

Suez Environnement Co.

     28,658         582,396  

Total S.A.

     116,045         7,613,095  

Unibail-Rodamco SE

     2,880         748,224  

Veolia Environnement S.A.

     33,512         663,258  

Vinci S.A.

     21,796         1,619,474  

Vivendi S.A.

     70,605         1,967,635  
     

 

 

 
Total France               41,275,289  
Germany – 9.0%      

Allianz SE

     11,871         2,007,519  

Axel Springer SE

     4,217         270,000  

BASF SE

     26,561         2,953,508  

Comdirect Bank AG

     17,629         210,608  

Daimler AG

     41,485         3,921,749  

Deutsche Boerse AG

     6,189         492,777  

Deutsche Post AG

     38,240         1,421,434  

Deutsche Telekom AG

     279,149         4,512,965  

Drillisch AG

     6,272         227,693  

E.ON SE

     135,177         2,643,706  

Freenet AG*

     9,974         348,959  

Hannover Rueckversicherung AG

     4,889         437,515  

Hugo Boss AG

     2,454         326,655  

K+S AG

     5,465         179,604  

Muenchener Rueckversicherungs AG

     5,816         1,271,322  

RWE AG

     35,559         1,443,810  

Siemens AG

     27,387         3,687,796  

Talanx AG

     10,024         360,725  

Telefonica Deutschland Holding AG

     78,980         629,830  
     

 

 

 
Total Germany               27,348,175  
Investments    Shares      Value  
     
Hong Kong – 4.7%      

BOC Hong Kong Holdings Ltd.

     385,047       $ 1,097,007  

China Mobile Ltd.

     754,500         6,905,911  

China Power International Development Ltd.

     286,000         99,179  

CITIC Pacific Ltd.

     151,000         267,854  

CLP Holdings Ltd.

     74,500         561,844  

CNOOC Ltd.

     1,312,000         1,972,131  

Far East Horizon Ltd.

     153,000         112,427  

Hang Seng Bank Ltd.

     65,818         1,047,888  

HKT Trust and HKT Ltd.

     260,736         274,953  

Hopewell Holdings Ltd.

     41,500         142,577  

New World Development Co., Ltd.

     152,000         152,842  

PCCW Ltd.

     302,380         151,637  

Power Assets Holdings Ltd.

     72,018         624,362  

Shanghai Industrial Holdings Ltd.

     34,000         113,303  

Shenzhen Investment Ltd.

     398,000         128,784  

Shougang Fushan Resources Group Ltd.

     566,952         172,489  

Sino Land Co., Ltd.

     154,000         226,323  

Sino-Ocean Land Holdings Ltd.

     295,000         161,247  

Television Broadcasts Ltd.

     22,400         134,134  
     

 

 

 
Total Hong Kong               14,346,892  
Ireland – 0.3%      

CRH PLC

     27,471         764,621  
Israel – 0.5%      

Bezeq The Israeli Telecommunication Corp., Ltd.

     384,162         683,647  

Israel Chemicals Ltd.

     88,377         772,063  
     

 

 

 
Total Israel               1,455,710  
Italy – 4.1%      

ACEA SpA

     13,616         201,549  

Atlantia SpA

     33,311         856,238  

Banca Generali SpA

     4,655         153,657  

Enel SpA

     447,372         2,532,953  

Eni SpA

     197,555         4,958,221  

ERG SpA

     11,711         189,653  

GTECH SpA

     4,027         122,382  

Hera SpA

     70,971         207,369  

MARR SpA

     7,630         149,538  

Mediolanum SpA

     15,545         146,761  

Pirelli & C SpA

     14,281         224,384  

Recordati SpA

     9,528         166,776  

Snam SpA

     190,089         1,113,458  

Societa Iniziative Autostradali e Servizi SpA

     40,763         490,465  

Telecom Italia SpA RSP

     329,042         307,928  

Terna Rete Elettrica Nazionale SpA

     100,687         539,545  

Unipol Gruppo Finanziario SpA

     19,343         151,159  
     

 

 

 
Total Italy               12,512,036  
Japan – 3.6%      

Aozora Bank Ltd.

     62,000         176,997  

Asahi Glass Co., Ltd.

     30,000         174,200  

Asahi Holdings, Inc.

     3,100         50,420  

Canon, Inc.

     41,700         1,292,078  

Chugoku Electric Power Co., Inc. (The)

     10,200         142,524  

 

See Notes to Financial Statements.

 

48   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Dai Nippon Printing Co., Ltd.

     28,000       $ 268,894  

Daiichi Sankyo Co., Ltd.

     24,200         408,405  

Daito Trust Construction Co., Ltd.

     2,200         204,032  

Eisai Co., Ltd.

     9,900         386,252  

Hokuriku Electric Power Co.

     8,000         104,015  

ITOCHU Corp.

     46,800         548,049  

Japan Airlines Co., Ltd.

     5,800         286,100  

Mitsui & Co., Ltd.

     53,400         756,524  

Nippon Telegraph & Telephone Corp.

     33,100         1,805,980  

NTT DOCOMO, Inc.

     143,300         2,265,305  

Shiseido Co., Ltd.

     10,200         179,863  

Sumitomo Corp.

     41,300         526,551  

Takeda Pharmaceutical Co., Ltd.

     25,100         1,192,302  

TonenGeneral Sekiyu K.K.

     14,000         123,843  
     

 

 

 
Total Japan               10,892,334  
Netherlands – 1.5%      

Aegon N.V.

     49,423         453,865  

Corbion N.V.

     4,148         97,932  

Delta Lloyd N.V.

     9,210         255,460  

Fugro N.V.

     2,679         164,807  

Koninklijke Ahold N.V.

     31,181         626,578  

Koninklijke Boskalis Westminster N.V.

     4,593         253,022  

Koninklijke Philips N.V.

     28,076         986,935  

Randstad Holding N.V.

     5,445         318,982  

Reed Elsevier N.V.

     24,147         522,006  

STMicroelectronics N.V.

     30,861         285,830  

Wolters Kluwer N.V.

     10,459         295,222  

Ziggo N.V.

     7,322         325,452  
     

 

 

 
Total Netherlands               4,586,091  
New Zealand – 0.5%      

Auckland International Airport Ltd.

     67,894         224,466  

Fisher & Paykel Healthcare Corp., Ltd.

     39,773         146,680  

Fletcher Building Ltd.

     28,378         234,430  

Sky Network Television Ltd.

     31,168         169,038  

SKYCITY Entertainment Group Ltd.

     37,079         126,449  

Telecom Corp. of New Zealand Ltd.

     189,499         401,228  

Vector Ltd.

     97,096         204,740  
     

 

 

 
Total New Zealand               1,507,031  
Norway – 2.5%      

Aker ASA Class A

     5,520         178,405  

Aker Solutions ASA

     11,078         172,543  

Austevoll Seafood ASA

     30,226         179,224  

Fred Olsen Energy ASA

     4,555         152,162  

Gjensidige Forsikring ASA

     28,522         580,249  

Orkla ASA

     47,201         402,471  

Statoil ASA

     142,424         4,020,286  

Telenor ASA

     66,815         1,480,921  

TGS Nopec Geophysical Co. ASA

     3,130         102,625  

Yara International ASA

     10,834         478,813  
     

 

 

 
Total Norway               7,747,699  
Portugal – 0.7%      

EDP-Energias de Portugal S.A.

     229,984         1,068,524  
Investments    Shares      Value  
     

Portucel S.A.

     56,964       $ 259,320  

Portugal Telecom, SGPS, S.A.

     77,300         328,885  

Sonae

     104,640         196,716  

ZON OPTIMUS, SGPS, S.A.

     20,942         164,521  
     

 

 

 
Total Portugal               2,017,966  
Singapore – 1.6%      

Hutchison Port Holdings Trust Class U

     554,323         360,310  

Keppel Corp., Ltd.

     78,000         675,456  

Keppel Land Ltd.

     40,000         106,875  

M1 Ltd.

     40,000         110,373  

SATS Ltd.

     80,000         193,392  

SIA Engineering Co., Ltd.

     48,000         184,740  

Singapore Exchange Ltd.

     33,000         182,116  

Singapore Post Ltd.

     222,000         240,086  

Singapore Press Holdings Ltd.

     89,000         297,245  

Singapore Technologies Engineering Ltd.

     130,000         394,895  

Singapore Telecommunications Ltd.

     590,000         1,712,457  

SMRT Corp., Ltd.

     143,000         115,987  

StarHub Ltd.

     87,000         290,565  

Venture Corpo. Ltd.

     20,000         118,643  
     

 

 

 
Total Singapore               4,983,140  
Spain – 6.6%      

Abertis Infraestructuras, S.A.

     36,282         828,844  

ACS Actividades de Construccion y Servicios, S.A.

     15,073         592,381  

Banco Bilbao Vizcaya Argentaria S.A.

     219,446         2,636,771  

Banco Santander S.A.

     852,344         8,130,394  

Bolsas y Mercados Espanoles S.A.

     6,463         263,087  

CaixaBank

     269,306         1,733,368  

Caja de Ahorros del Mediterraneo*†

     6,353         11,733  

Duro Felguera S.A.

     26,542         181,810  

Enagas S.A.

     10,949         333,122  

Ferrovial S.A.

     56,020         1,214,120  

Gas Natural SDG S.A.

     45,347         1,275,614  

Iberdrola S.A.

     210,829         1,474,959  

Indra Sistemas S.A.

     9,235         185,640  

Mapfre S.A.

     93,037         392,378  

Red Electrica Corp. S.A.

     5,576         453,422  

Tecnicas Reunidas S.A.

     2,178         123,090  

Zardoya Otis S.A.

     14,584         248,441  
     

 

 

 
Total Spain               20,079,174  
Sweden – 4.0%      

Atlas Copco AB Class B

     10,044         274,509  

Axfood AB

     3,913         216,063  

Bilia AB Class A

     4,607         147,443  

BillerudKorsnas AB

     12,384         170,951  

Boliden AB

     13,584         206,162  

Castellum AB

     13,525         224,459  

Electrolux AB Series B

     10,855         236,402  

Fabege AB

     19,012         247,490  

Hennes & Mauritz AB Class B

     55,173         2,348,674  

Intrum Justitia AB

     5,775         157,300  

Loomis AB Class B

     5,739         147,380  

Nordea Bank AB

     105,241         1,490,098  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      49   


Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Peab AB

     36,067       $ 254,445  

Ratos AB Class B

     19,540         180,827  

Sandvik AB

     35,015         493,884  

Scania AB Class B

     12,474         365,934  

Securitas AB Class B

     15,266         176,475  

Skanska AB Class B

     17,376         408,702  

Swedbank AB Class A

     41,322         1,107,053  

Tele2 AB Class B

     30,585         378,801  

Telefonaktiebolaget LM Ericsson Class B

     88,794         1,180,533  

TeliaSonera AB

     225,754         1,699,192  
     

 

 

 
Total Sweden               12,112,777  
Switzerland – 4.5%      

Allreal Holding AG*

     1,387         200,195  

Baloise Holding AG

     2,527         318,110  

Clariant AG*

     11,569         225,002  

Logitech International S.A.

     19,635         293,408  

Mobilezone Holding AG

     16,720         185,304  

Novartis AG

     74,795         6,350,399  

Panalpina Welttransport Holding AG

     1,014         155,885  

Swiss Re AG*

     26,328         2,442,497  

Swisscom AG

     2,267         1,393,537  

Zurich Insurance Group AG*

     6,717         2,063,728  
     

 

 

 
Total Switzerland               13,628,065  
United Kingdom – 22.7%      

Admiral Group PLC

     8,376         199,407  

African Barrick Gold PLC

     36,628         160,905  

AMEC PLC

     8,919         166,834  

Amlin PLC

     30,035         242,503  

Anglo American PLC

     47,283         1,203,307  

Ashmore Group PLC

     18,667         103,290  

AstraZeneca PLC

     62,785         4,057,611  

Aviva PLC

     117,393         933,545  

BAE Systems PLC

     160,114         1,105,641  

Balfour Beatty PLC

     30,081         150,248  

BBA Aviation PLC

     24,394         134,938  

Berendsen PLC

     10,949         204,076  

BHP Billiton PLC

     78,154         2,402,630  

BP PLC

     881,454         7,053,678  

British American Tobacco PLC

     67,442         3,750,301  

British Land Co. PLC

     22,044         240,349  

British Sky Broadcasting Group PLC

     53,076         807,874  

Britvic PLC

     12,806         158,413  

Cable & Wireless Communications PLC

     177,849         155,959  

Carillion PLC

     42,589         256,744  

Centrica PLC

     207,450         1,140,268  

Drax Group PLC

     20,776         265,317  

Electrocomponents PLC

     38,632         182,267  

Fresnillo PLC

     14,124         198,617  

G4S PLC

     37,478         150,893  

GlaxoSmithKline PLC

     200,440         5,318,213  

Greene King PLC

     11,826         178,033  

Halfords Group PLC

     23,548         181,294  

HSBC Holdings PLC

     596,097         6,037,233  
Investments    Shares      Value  
     

ICAP PLC

     43,343       $ 272,851  

IG Group Holdings PLC

     17,057         178,440  

Imperial Tobacco Group PLC

     40,268         1,626,628  

Inmarsat PLC

     16,506         199,918  

Interserve PLC

     15,998         194,699  

Investec PLC

     35,197         284,474  

J. Sainsbury PLC

     79,117         416,936  

Kier Group PLC

     6,958         191,864  

Ladbrokes PLC

     43,452         97,795  

Laird PLC

     35,822         179,341  

Legal & General Group PLC

     211,066         720,296  

Man Group PLC

     227,905         384,511  

Marks & Spencer Group PLC

     63,797         480,212  

Marston’s PLC

     46,138         110,763  

Micro Focus International PLC

     14,183         196,373  

N. Brown Group PLC

     14,627         139,363  

National Grid PLC

     177,820         2,436,841  

Old Mutual PLC

     150,192         503,540  

Pearson PLC

     27,769         492,117  

Pennon Group PLC

     10,335         127,933  

Premier Farnell PLC

     54,406         212,154  

Reed Elsevier PLC

     42,614         650,762  

Rio Tinto PLC

     47,682         2,653,081  

Royal Dutch Shell PLC Class B

     149,719         5,841,983  

Sage Group PLC (The)

     51,391         358,213  

Segro PLC

     37,292         206,409  

Severn Trent PLC

     10,110         307,265  

SSE PLC

     43,705         1,070,354  

Standard Chartered PLC

     68,051         1,422,111  

Standard Life PLC

     74,431         468,431  

TalkTalk Telecom Group PLC

     31,737         169,472  

Tate & Lyle PLC

     8,472         94,278  

Tesco PLC

     303,005         1,492,227  

TUI Travel PLC

     35,363         258,225  

Tullett Prebon PLC

     24,924         117,135  

Unilever PLC

     36,828         1,572,398  

United Utilities Group PLC

     31,528         414,188  

Vedanta Resources PLC

     7,755         116,617  

Vodafone Group PLC

     1,358,152         4,988,128  

WM Morrison Supermarkets PLC

     87,567         310,953  

WS Atkins PLC

     8,156         189,138  
     

 

 

 
Total United Kingdom               69,288,805  
TOTAL COMMON STOCKS
(Cost: $252,474,369)
              302,997,181  
EXCHANGE-TRADED FUNDS – 0.0%      
United States – 0.0%      

WisdomTree International LargeCap Dividend Fund(a)

     
(Cost: $83,587)      1,720         89,234  
RIGHTS – 0.0%      
Hong Kong – 0.0%      

New World Development Co., Ltd., expiring 5/17/14*

     50,666         10,450  

 

See Notes to Financial Statements.

 

50   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Spain – 0.0%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 5/14/14*

     219,446       $ 51,417  
TOTAL RIGHTS
(Cost: $50,812)
              61,867  
TOTAL INVESTMENTS IN SECURITIES – 99.5%
(Cost: $252,608,768)
         303,148,282  

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

        1,604,430  
     

 

 

 
NET ASSETS – 100.0%             $ 304,752,712  

RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $11,733, which represents 0.0% of net assets.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      51   


Table of Contents

Schedule of Investments

WisdomTree Global Equity Income Fund (DEW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
Australia – 8.8%      

Adelaide Brighton Ltd.

     7,968       $ 29,614  

AGL Energy Ltd.

     6,230         87,654  

ALS Ltd./Queensland

     4,494         30,531  

Amcor Ltd.

     12,247         117,938  

AMP Ltd.

     20,046         92,527  

Australia & New Zealand Banking Group Ltd.

     37,478         1,148,388  

BHP Billiton Ltd.

     30,847         1,042,697  

Brambles Ltd.

     15,117         129,744  

Coca-Cola Amatil Ltd.

     10,036         102,600  

Commonwealth Bank of Australia

     21,617         1,551,566  

Crown Resorts Ltd.

     10,647         164,108  

Iluka Resources Ltd.

     5,166         47,450  

Leighton Holdings Ltd.

     3,966         77,598  

Macquarie Group Ltd.

     3,934         211,226  

National Australia Bank Ltd.

     34,977         1,149,558  

New Hope Corp., Ltd.

     12,184         33,765  

Origin Energy Ltd.

     11,267         149,228  

QBE Insurance Group Ltd.

     4,635         55,074  

Rio Tinto Ltd.

     3,987         234,840  

Santos Ltd.

     7,055         88,276  

Seven West Media Ltd.

     18,355         33,684  

Sonic Healthcare Ltd.

     5,946         95,176  

Suncorp Group Ltd.

     14,652         174,777  

Sydney Airport

     4,168         16,186  

Tatts Group Ltd.

     38,086         102,370  

Telstra Corp., Ltd.

     232,048         1,092,575  

Wesfarmers Ltd.

     16,126         615,642  

Westpac Banking Corp.

     44,320         1,419,656  

Woodside Petroleum Ltd.

     6,948         251,279  

Woolworths Ltd.

     14,600         483,363  

WorleyParsons Ltd.

     3,775         52,973  
     

 

 

 
Total Australia               10,882,063  
Austria – 0.4%      

EVN AG

     4,427         62,358  

Lenzing AG

     489         26,959  

Oesterreichische Post AG

     1,581         79,643  

OMV AG

     3,225         146,391  

Raiffeisen Bank International AG

     2,141         71,410  

Verbund AG

     3,822         78,646  

Voestalpine AG

     1,255         55,186  
     

 

 

 
Total Austria               520,593  
Belgium – 0.2%      

Belgacom S.A.

     4,215         132,046  

Elia System Operator S.A.

     2,982         150,691  
     

 

 

 
Total Belgium               282,737  
Brazil – 2.0%      

Banco do Brasil S.A.

     29,800         301,104  

Banco Santander Brasil S.A.

     19,100         106,398  

BM&F Bovespa S.A.

     11,300         56,337  

Centrais Eletricas Brasileiras S.A.

     20,700         60,545  

Cia Energetica de Minas Gerais

     11,463         79,756  

Cia Siderurgica Nacional S.A.

     26,300       $ 114,687  

Cia. Hering

     3,260         39,556  

CPFL Energia S.A.

     17,000         140,129  

EDP – Energias do Brasil S.A.

     7,500         34,234  

Itau Unibanco Holding S.A.

     14,000         198,103  

Multiplus S.A.

     3,000         33,237  

Natura Cosmeticos S.A.

     3,900         65,884  

Porto Seguro S.A.

     3,600         50,813  

Souza Cruz S.A.

     11,500         104,986  

Telefonica Brasil S.A.

     6,100         112,187  

Tim Participacoes S.A.

     27,800         145,992  

Tractebel Energia S.A.

     10,200         158,662  

Transmissora Alianca de Energia Eletrica S.A.

     6,800         58,010  

Vale S.A.

     47,400         660,008  
     

 

 

 
Total Brazil               2,520,628  
Canada – 5.2%      

ARC Resources Ltd.

     1,817         50,127  

Bank of Montreal

     5,166         346,163  

Bank of Nova Scotia

     8,426         488,803  

Barrick Gold Corp.

     9,600         171,169  

Baytex Energy Corp.

     2,765         114,032  

BCE, Inc.

     6,849         295,492  

Bell Aliant, Inc.

     4,852         118,866  

Canadian Imperial Bank of Commerce

     2,921         252,073  

CI Financial Corp.

     4,076         128,770  

Crescent Point Energy Corp.

     5,576         203,843  

Emera, Inc.

     1,839         57,332  

Encana Corp.

     5,424         116,023  

First Capital Realty, Inc.

     3,974         63,188  

Fortis, Inc.

     3,100         88,527  

Great-West Lifeco, Inc.

     7,268         200,640  

Husky Energy, Inc.

     6,643         199,576  

IGM Financial, Inc.

     3,681         173,887  

Manitoba Telecom Services, Inc.

     1,330         36,535  

Manulife Financial Corp.

     16,363         316,067  

National Bank of Canada

     2,210         88,700  

Pembina Pipeline Corp.

     3,734         142,019  

Pengrowth Energy Corp.

     20,471         124,078  

Penn West Petroleum Ltd.

     7,085         59,312  

Power Corp. of Canada

     2,113         57,853  

Power Financial Corp.

     6,499         201,550  

Rogers Communications, Inc. Class B

     4,894         203,120  

Royal Bank of Canada

     11,312         747,028  

Shaw Communications, Inc. Class B

     4,391         105,026  

Sun Life Financial, Inc.

     5,567         193,073  

Teck Resources Ltd. Class B

     5,500         118,895  

Thomson Reuters Corp.

     8,670         296,842  

Toronto-Dominion Bank (The)

     9,200         432,014  

TransCanada Corp.

     5,672         258,227  
     

 

 

 
Total Canada               6,448,850  
Chile – 0.3%      

Banco de Chile

     1,066,151         133,574  

Banco Santander Chile

     2,237,891         130,436  

 

See Notes to Financial Statements.

 

52   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Corpbanca

     5,788,812       $ 67,785  

ENTEL Chile S.A.

     5,264         64,066  
     

 

 

 
Total Chile               395,861  
China – 3.0%      

Agricultural Bank of China Ltd. Class H

     309,000         134,641  

Bank of China Ltd. Class H

     639,366         283,538  

China BlueChemical Ltd. Class H

     76,000         39,190  

China CITIC Bank Corp., Ltd. Class H

     82,000         47,253  

China Coal Energy Co., Ltd. Class H

     140,000         78,870  

China Communications Construction Co., Ltd. Class H

     105,000         73,230  

China Construction Bank Corp. Class H

     2,338,405         1,636,903  

China Merchants Bank Co., Ltd. Class H

     50,960         92,367  

China Petroleum & Chemical Corp. Class H

     290,000         259,454  

China Shenhua Energy Co., Ltd. Class H

     46,500         134,278  

Guangzhou R&F Properties Co., Ltd. Class H

     44,800         64,569  

Industrial & Commercial Bank of China, Ltd. Class H

     894,215         549,875  

Jiangxi Copper Co., Ltd. Class H

     40,000         67,242  

PetroChina Co., Ltd. Class H

     132,000         143,792  

Yanzhou Coal Mining Co., Ltd. Class H

     132,000         99,889  

Zhaojin Mining Industry Co., Ltd. Class H

     51,500         30,739  
     

 

 

 
Total China               3,735,830  
Czech Republic – 0.3%   

CEZ AS

     4,302         123,417  

Komercni Banka AS

     808         193,236  
     

 

 

 
Total Czech Republic               316,653  
Denmark – 0.1%   

TDC A/S

     20,084         185,750  
Finland – 0.8%   

Elisa Oyj*

     5,443         156,713  

Fortum Oyj

     9,176         208,673  

Kesko Oyj Class B

     1,764         76,997  

Nokian Renkaat Oyj

     1,008         40,775  

Sampo Class A

     6,264         325,046  

Stora Enso Oyj Class R

     7,992         85,531  

UPM-Kymmene Oyj

     5,345         91,421  

YIT Oyj

     3,091         32,931  
     

 

 

 
Total Finland               1,018,087  
France – 7.8%   

AXA S.A.

     23,749         617,490  

BNP Paribas S.A.

     6,532         504,063  

Carrefour S.A.

     6,499         251,654  

Casino Guichard Perrachon S.A.

     1,644         195,724  

Cie Generale des Etablissements Michelin

     2,003         250,610  

CNP Assurances

     8,645         183,133  

Compagnie de Saint-Gobain

     5,665         342,371  

EDF S.A.

     21,689         858,373  

Eiffage S.A.

     582         43,572  

Euler Hermes S.A.

     923         116,527  

Eutelsat Communications S.A.

     1,937         65,807  

GDF Suez

     36,560         1,000,722  

Imerys S.A.

     612       $ 54,447  

Klepierre

     4,067         182,062  

Neopost S.A.

     587         46,374  

Orange S.A.

     46,125         681,489  

Rexel S.A.

     2,103         55,201  

Sanofi

     9,466         987,360  

Schneider Electric S.A.

     4,512         400,171  

Societe Television Francaise 1

     2,343         38,751  

Total S.A.

     25,893         1,698,702  

Unibail-Rodamco SE

     633         164,453  

Veolia Environnement S.A.

     3,932         77,821  

Vinci S.A.

     6,068         450,861  

Vivendi S.A.

     14,190         395,450  
     

 

 

 
Total France               9,663,188  
Germany – 5.5%   

Allianz SE

     3,521         595,441  

BASF SE

     7,046         783,495  

Bayerische Motoren Werke AG

     4,617         583,013  

Bilfinger SE

     927         117,658  

Daimler AG

     9,176         867,445  

Deutsche Boerse AG

     1,897         151,042  

Deutsche Post AG

     12,294         456,985  

Deutsche Telekom AG

     58,959         953,182  

E.ON SE

     25,514         498,987  

K+S AG

     2,445         80,353  

Muenchener Rueckversicherungs AG

     1,924         420,568  

RWE AG

     6,096         247,517  

Siemens AG

     7,060         950,664  

Telefonica Deutschland Holding AG

     16,382         130,639  
     

 

 

 
Total Germany               6,836,989  
Hong Kong – 2.9%   

BOC Hong Kong Holdings Ltd.

     112,673         321,008  

China Mobile Ltd.

     172,532         1,579,179  

CITIC Pacific Ltd.

     85,000         150,779  

CLP Holdings Ltd.

     23,000         173,455  

CNOOC Ltd.

     277,000         416,372  

Far East Horizon Ltd.

     63,000         46,293  

Hang Seng Bank Ltd.

     15,100         240,407  

Hopewell Holdings Ltd.

     24,000         82,454  

Power Assets Holdings Ltd.

     20,000         173,391  

Shanghai Industrial Holdings Ltd.

     21,000         69,982  

Shougang Fushan Resources Group Ltd.

     72,000         21,905  

Sino Land Co., Ltd.

     60,000         88,178  

Sun Hung Kai Properties Ltd.

     18,000         220,445  
     

 

 

 
Total Hong Kong               3,583,848  
Indonesia – 0.4%   

PT Indo Tambangraya Megah Tbk

     19,000         40,726  

PT Perusahaan Gas Negara Persero Tbk

     203,000         91,582  

PT Semen Indonesia Persero Tbk

     26,500         36,857  

PT Tambang Batubara Bukit Asam Persero Tbk

     50,500         41,454  

PT Telekomunikasi Indonesia Persero Tbk

     802,435         156,461  

PT United Tractors Tbk

     48,500         88,589  
     

 

 

 
Total Indonesia               455,669  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      53   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Ireland – 0.2%   

CRH PLC

     5,555       $ 154,617  

Dragon Oil PLC

     5,154         47,167  
     

 

 

 
Total Ireland               201,784  
Israel – 0.2%   

Bezeq The Israeli Telecommunication Corp., Ltd.

     63,631         113,237  

Israel Chemicals Ltd.

     11,924         104,168  
     

 

 

 
Total Israel               217,405  
Italy – 2.4%   

Atlantia SpA

     7,847         201,702  

Enel SpA

     97,952         554,589  

Eni SpA

     43,462         1,090,806  

Hera SpA

     30,651         89,559  

Intesa Sanpaolo SpA

     47,355         160,557  

Mediolanum SpA

     9,664         91,238  

Pirelli & C. SpA

     4,446         69,856  

Snam SpA

     60,387         353,721  

Societa Iniziative Autostradali e Servizi SpA

     8,264         99,433  

Terna Rete Elettrica Nazionale SpA

     39,102         209,533  
     

 

 

 
Total Italy               2,920,994  
Japan – 2.5%   

Aozora Bank Ltd.

     11,000         31,402  

Asahi Glass Co., Ltd.

     9,000         52,260  

Canon, Inc.

     8,300         257,176  

Chugoku Electric Power Co., Inc. (The)

     3,000         41,919  

Dai Nippon Printing Co., Ltd.

     5,000         48,017  

Daito Trust Construction Co., Ltd.

     500         46,371  

Eisai Co., Ltd.

     1,900         74,129  

Hokuriku Electric Power Co.

     1,400         18,203  

Hoya Corp.

     3,400         106,076  

ITOCHU Corp.

     15,000         175,657  

Japan Airlines Co., Ltd.

     900         44,395  

JX Holdings, Inc.

     28,100         135,609  

Marubeni Corp.

     12,000         80,749  

Mitsubishi Corp.

     10,200         189,767  

Mitsui & Co., Ltd.

     6,700         94,920  

Mizuho Financial Group, Inc.

     136,900         271,181  

Nippon Telegraph & Telephone Corp.

     8,900         485,596  

NTT DOCOMO, Inc.

     29,600         467,920  

Shiseido Co., Ltd.

     3,200         56,428  

Sumitomo Corp.

     9,500         121,119  

Takeda Pharmaceutical Co., Ltd.

     4,300         204,259  

TonenGeneral Sekiyu K.K.

     5,000         44,230  
     

 

 

 
Total Japan               3,047,383  
Malaysia – 0.9%      

Axiata Group Bhd

     36,800         75,166  

British American Tobacco Malaysia Bhd

     6,200         112,248  

DiGi.Com Bhd

     97,400         160,767  

Kuala Lumpur Kepong Bhd

     6,300         46,688  

Malayan Banking Bhd

     104,500         309,772  

Maxis Bhd

     113,400         241,698  

Petronas Chemicals Group Bhd

     38,400         81,257  

Sime Darby Bhd

     20,800       $ 59,301  

Telekom Malaysia Bhd

     29,600         53,390  
     

 

 

 
Total Malaysia               1,140,287  
Mexico – 0.0%      

Alpek S.A. de C.V.

     24,100         42,978  
Netherlands – 1.3%      

Aegon N.V.

     10,793         99,115  

Akzo Nobel N.V.

     410         33,470  

Delta Lloyd N.V.

     5,356         148,561  

Fugro N.V.

     1,089         66,993  

Koninklijke Ahold N.V.

     3,096         62,214  

Koninklijke DSM N.V.

     410         28,150  

Koninklijke Philips N.V.

     8,598         302,239  

Randstad Holding N.V.

     2,314         135,560  

Reed Elsevier N.V.

     10,264         221,885  

STMicroelectronics N.V.

     12,341         114,300  

Unilever N.V.

     6,959         286,155  

Ziggo N.V.

     1,677         74,540  
     

 

 

 
Total Netherlands               1,573,182  
New Zealand – 0.2%      

Auckland International Airport Ltd.*

     20,155         66,635  

Fletcher Building Ltd.

     9,193         75,943  

Telecom Corp. of New Zealand Ltd.

     45,298         95,910  

Vector Ltd.

     9,830         20,728  
     

 

 

 
Total New Zealand               259,216  
Norway – 1.3%      

Aker Solutions ASA

     3,992         62,177  

Gjensidige Forsikring ASA

     9,247         188,120  

Statoil ASA

     27,982         789,864  

Telenor ASA

     17,055         378,016  

Yara International ASA

     3,532         156,098  
     

 

 

 
Total Norway               1,574,275  
Philippines – 0.2%      

Aboitiz Power Corp.

     68,800         57,071  

Philippine Long Distance Telephone Co.

     2,425         147,625  
     

 

 

 
Total Philippines               204,696  
Poland – 0.9%      

Bank Pekao S.A.

     1,122         73,007  

KGHM Polska Miedz S.A.

     7,072         254,895  

Orange Polska S.A.

     37,150         127,260  

PGE S.A.

     35,732         223,517  

Powszechna Kasa Oszczednosci Bank Polski S.A.

     8,544         120,126  

Powszechny Zaklad Ubezpieczen S.A.

     1,085         154,236  

Synthos S.A.

     41,751         67,434  

Tauron Polska Energia S.A.

     57,895         100,599  
     

 

 

 
Total Poland               1,121,074  
Portugal – 0.3%      

EDP-Energias de Portugal S.A.

     55,862         259,539  

Portucel S.A.

     13,458         61,266  

Portugal Telecom, SGPS, S.A.

     9,990         42,504  
     

 

 

 
Total Portugal               363,309  

 

See Notes to Financial Statements.

 

54   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Russia – 3.0%      

Gazprom Neft JSC ADR

     15,343       $ 316,066  

Gazprom OAO ADR

     117,607         906,054  

Lukoil OAO ADR

     8,390         466,148  

MegaFon OAO GDR

     6,706         188,774  

MMC Norilsk Nickel OJSC ADR

     29,706         494,011  

Mobile Telesystems OJSC ADR

     10,461         182,963  

Phosagro OAO Reg S GDR

     4,595         51,234  

Rosneft Oil Co. Reg S GDR

     120,062         799,493  

Tatneft ADR

     3,834         131,353  

Uralkali OJSC Reg S GDR

     4,989         118,389  
     

 

 

 
Total Russia               3,654,485  
Singapore – 1.3%      

DBS Group Holdings Ltd.

     14,000         180,017  

Hutchison Port Holdings Trust Class U

     137,827         89,588  

Jardine Cycle & Carriage Ltd.

     2,000         72,093  

Keppel Corp., Ltd.

     15,800         136,823  

Keppel Land Ltd.

     26,000         69,468  

Oversea-Chinese Banking Corp., Ltd.

     4,000         30,249  

SIA Engineering Co., Ltd.

     20,000         76,975  

Singapore Press Holdings Ltd.

     41,000         136,933  

Singapore Technologies Engineering Ltd.

     45,000         136,694  

Singapore Telecommunications Ltd.

     161,000         467,298  

StarHub Ltd.

     32,000         106,874  

United Overseas Bank Ltd.

     3,000         51,648  
     

 

 

 
Total Singapore               1,554,660  
South Africa – 1.4%      

Exxaro Resources Ltd.

     5,472         72,836  

FirstRand Ltd.

     34,801         119,445  

Foschini Group Ltd. (The)

     5,079         51,742  

Imperial Holdings Ltd.

     1,859         33,317  

Kumba Iron Ore Ltd.

     3,057         109,865  

MTN Group Ltd.

     16,149         330,952  

Nedbank Group Ltd.

     5,650         120,350  

RMB Holdings Ltd.

     11,713         53,409  

Sanlam Ltd.

     25,065         137,122  

Sasol Ltd.

     5,070         284,193  

Spar Group Ltd. (The)

     4,494         51,922  

Truworths International Ltd.

     6,239         45,823  

Vodacom Group Ltd.

     22,065         272,700  
     

 

 

 
Total South Africa               1,683,676  
South Korea – 0.4%      

Hanwha Life Insurance Co., Ltd.

     6,780         44,459  

Industrial Bank of Korea

     6,480         82,183  

KT Corp.

     4,920         136,583  

KT&G Corp.

     1,029         77,336  

SK Telecom Co., Ltd.

     981         198,606  
     

 

 

 
Total South Korea               539,167  
Spain – 4.0%      

Abertis Infraestructuras, S.A.

     10,286         234,978  

ACS Actividades de Construccion y Servicios, S.A.

     2,949         115,898  

Banco Bilbao Vizcaya Argentaria S.A.

     28,654         344,295  

Banco de Sabadell S.A.

     25,724       $ 79,488  

Banco Santander S.A.

     208,214         1,986,125  

CaixaBank

     77,527         498,997  

Ebro Foods S.A.

     1,856         42,949  

Enagas S.A.

     2,219         67,513  

Ferrovial S.A.

     8,598         186,344  

Gas Natural SDG S.A.

     9,488         266,898  

Iberdrola S.A.

     57,960         405,488  

Indra Sistemas S.A.

     2,662         53,511  

Mapfre S.A.

     39,153         165,126  

Red Electrica Corp. S.A.

     1,728         140,515  

Repsol S.A.

     11,180         285,449  

Tecnicas Reunidas S.A.

     522         29,501  

Zardoya Otis S.A.

     3,336         56,829  
     

 

 

 
Total Spain               4,959,904  
Sweden – 2.5%      

Electrolux AB Series B

     4,997         108,826  

Hennes & Mauritz AB Class B

     13,837         589,031  

Nordea Bank AB

     32,324         457,672  

Sandvik AB

     9,521         134,293  

Skandinaviska Enskilda Banken AB Class A

     19,927         273,078  

Skanska AB Class B

     8,280         194,754  

SKF AB Class B

     2,315         59,164  

Svenska Handelsbanken AB Class A

     5,324         266,711  

Swedbank AB Class A

     9,874         264,533  

Swedish Match AB

     1,388         45,278  

Telefonaktiebolaget LM Ericsson Class B

     24,763         329,229  

TeliaSonera AB

     47,478         357,355  
     

 

 

 
Total Sweden               3,079,924  
Switzerland – 5.0%      

ABB Ltd.*

     10,830         279,531  

Adecco S.A.*

     1,191         99,166  

Clariant AG*

     3,538         68,809  

Kuehne + Nagel International AG

     1,052         147,317  

Nestle S.A.

     18,252         1,375,073  

Novartis AG

     18,084         1,535,405  

Roche Holding AG – Genusschein

     4,619         1,385,674  

Swiss Re AG*

     5,273         489,186  

Swisscom AG

     625         384,191  

Zurich Insurance Group AG*

     1,398         429,521  
     

 

 

 
Total Switzerland               6,193,873  
Taiwan – 1.5%      

Asia Cement Corp.

     94,700         118,171  

Chunghwa Telecom Co., Ltd.

     97,800         300,923  

Compal Electronics, Inc.

     67,000         47,523  

Far Eastern New Century Corp.

     103,880         110,353  

Far EasTone Telecommunications Co., Ltd.

     21,000         44,479  

Formosa Chemicals & Fibre Corp.

     20,000         48,338  

Formosa Plastics Corp.

     30,000         75,068  

HTC Corp.

     30,000         150,726  

Mega Financial Holding Co., Ltd.

     108,611         84,171  

Nan Ya Plastics Corp.

     67,630         143,244  

Pou Chen Corp.

     47,000         66,288  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      55   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Quanta Computer, Inc.

     63,000       $ 169,641  

Siliconware Precision Industries Co.

     47,000         62,507  

Synnex Technology International Corp.

     64,000         102,980  

Taiwan Cement Corp.

     72,000         111,124  

Taiwan Mobile Co., Ltd.

     34,800         109,020  

United Microelectronics Corp.

     258,000         108,868  
     

 

 

 
Total Taiwan               1,853,424  
Thailand – 1.0%      

Advanced Info Service PCL

     30,100         209,698  

Bangkok Bank PCL NVDR

     1,600         8,804  

Banpu PCL NVDR

     113,800         98,224  

BEC World PCL NVDR

     8,460         14,213  

Charoen Pokphand Foods PCL NVDR

     99,800         86,141  

Electricity Generating PCL NVDR

     3,464         13,988  

Intouch Holdings PCL NVDR

     21,006         50,022  

Krung Thai Bank PCL NVDR

     41,400         23,865  

PTT Exploration & Production PCL NVDR

     32,900         159,226  

PTT Global Chemical PCL NVDR

     57,732         128,580  

PTT PCL NVDR

     24,600         226,739  

Ratchaburi Electricity Generating Holding PCL NVDR

     16,928         27,005  

Thai Oil PCL NVDR

     31,000         50,647  

Thai Union Frozen Products PCL NVDR

     45,271         95,943  
     

 

 

 
Total Thailand               1,193,095  
Turkey – 0.2%      

Arcelik A.S.

     6,037         33,724  

Tupras Turkiye Petrol Rafinerileri A.S.

     5,102         108,041  

Turk Telekomunikasyon A.S.

     62,737         174,497  
     

 

 

 
Total Turkey               316,262  
United Kingdom – 13.4%      

Anglo American PLC

     13,820         351,706  

AstraZeneca PLC

     11,612         750,450  

Aviva PLC

     28,371         225,615  

BAE Systems PLC

     38,364         264,916  

BHP Billiton PLC

     17,279         531,195  

BP PLC

     190,310         1,522,922  

British American Tobacco PLC

     16,064         893,284  

British Land Co. PLC

     12,524         136,551  

British Sky Broadcasting Group PLC

     13,792         209,929  

BT Group PLC

     53,947         341,314  

Carnival PLC

     1,314         50,034  

Centrica PLC

     54,008         296,860  

Drax Group PLC

     4,516         57,671  

Fresnillo PLC

     3,218         45,253  

GlaxoSmithKline PLC

     47,446         1,258,870  

HSBC Holdings PLC

     137,509         1,392,682  

ICAP PLC

     11,461         72,149  

IG Group Holdings PLC

     11,066         115,765  

Imperial Tobacco Group PLC

     8,785         354,870  

Inmarsat PLC

     8,887         107,638  

J. Sainsbury PLC

     20,547         108,280  

Legal & General Group PLC

     73,802         251,861  

Man Group PLC

     35,491         59,879  

Marks & Spencer Group PLC

     23,110       $ 173,953  

National Grid PLC

     40,081         549,269  

Old Mutual PLC

     45,105         151,221  

Pearson PLC

     7,631         135,235  

Pennon Group PLC

     7,848         97,147  

Prudential PLC

     17,460         369,240  

Reckitt Benckiser Group PLC

     5,384         438,654  

Reed Elsevier PLC

     16,626         253,897  

Rexam PLC

     14,432         117,126  

Rio Tinto PLC

     10,233         569,376  

Royal Dutch Shell PLC Class B

     28,252         1,102,383  

Segro PLC

     20,968         116,057  

Severn Trent PLC

     3,529         107,254  

SSE PLC

     9,447         231,361  

Standard Chartered PLC

     15,738         328,888  

Standard Life PLC

     29,891         188,119  

Tesco PLC

     52,503         258,565  

TUI Travel PLC

     20,544         150,015  

Unilever PLC

     10,500         448,305  

United Utilities Group PLC

     11,008         144,614  

Vedanta Resources PLC

     3,165         47,594  

Vodafone Group PLC

     294,972         1,083,353  

WM Morrison Supermarkets PLC

     20,957         74,419  
     

 

 

 
Total United Kingdom               16,535,739  
United States – 17.7%   

Abbott Laboratories

     8,571         330,069  

AGL Resources, Inc.

     1,966         96,255  

Altria Group, Inc.

     18,705         700,128  

Ameren Corp.

     3,120         128,544  

American Electric Power Co., Inc.

     5,584         282,885  

AT&T, Inc.

     54,814         1,922,327  

Bristol-Myers Squibb Co.

     10,748         558,359  

CA, Inc.

     1,520         47,074  

Cablevision Systems Corp. Class A

     3,517         59,332  

CenterPoint Energy, Inc.

     2,652         62,826  

CenturyLink, Inc.

     9,765         320,683  

Cincinnati Financial Corp.

     2,119         103,111  

Cliffs Natural Resources, Inc.

     4,869         99,620  

ConocoPhillips

     12,824         902,168  

Consolidated Edison, Inc.

     2,783         149,308  

Diamond Offshore Drilling, Inc.

     1,626         79,284  

Diebold, Inc.

     963         38,414  

Dominion Resources, Inc.

     4,219         299,507  

Dow Chemical Co. (The)

     7,917         384,687  

DTE Energy Co.

     1,549         115,075  

Duke Energy Corp.

     5,848         416,495  

Eli Lilly & Co.

     9,341         549,811  

Entergy Corp.

     2,267         151,549  

Exelon Corp.

     8,096         271,702  

First Niagara Financial Group, Inc.

     5,261         49,716  

FirstEnergy Corp.

     5,779         196,659  

Freeport-McMoRan Copper & Gold, Inc.

     8,752         289,429  

Frontier Communications Corp.

     20,686         117,910  

 

See Notes to Financial Statements.

 

56   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Great Plains Energy, Inc.

     3,417       $ 92,396  

Hancock Holding Co.

     2,713         99,431  

Hawaiian Electric Industries, Inc.

     2,603         66,168  

HCP, Inc.

     4,932         191,312  

Health Care REIT, Inc.

     3,040         181,184  

Hospitality Properties Trust

     4,041         116,058  

Integrys Energy Group, Inc.

     1,631         97,289  

Intel Corp.

     32,700         843,987  

Kimberly-Clark Corp.

     1,053         116,093  

Kimco Realty Corp.

     5,764         126,116  

Kinder Morgan, Inc.

     5,873         190,814  

Leggett & Platt, Inc.

     3,645         118,973  

Liberty Property Trust

     3,052         112,802  

Lockheed Martin Corp.

     3,185         519,919  

Lorillard, Inc.

     3,884         210,047  

Macerich Co. (The)

     1,817         113,254  

Merck & Co., Inc.

     21,836         1,239,630  

New York Community Bancorp, Inc.

     6,978         112,136  

Newmont Mining Corp.

     5,872         137,640  

NextEra Energy, Inc.

     1,415         135,302  

Northeast Utilities

     1,201         54,645  

Nucor Corp.

     3,444         174,060  

Old Republic International Corp.

     4,119         67,552  

Paychex, Inc.

     5,256         223,906  

Pepco Holdings, Inc.

     3,435         70,349  

Pfizer, Inc.

     48,800         1,567,456  

PG&E Corp.

     3,523         152,194  

Philip Morris International, Inc.

     10,733         878,711  

Piedmont Natural Gas Co., Inc.

     1,402         49,617  

Pinnacle West Capital Corp.

     1,354         74,010  

Pitney Bowes, Inc.

     3,160         82,128  

Plum Creek Timber Co., Inc.

     3,052         128,306  

PPL Corp.

     5,702         188,964  

Prudential Financial, Inc.

     2,195         185,807  

Public Service Enterprise Group, Inc.

     4,430         168,960  

R.R. Donnelley & Sons Co.

     3,410         61,039  

Reynolds American, Inc.

     6,729         359,463  

Safeway, Inc.

     1,203         44,439  

SCANA Corp.

     2,176         111,672  

Senior Housing Properties Trust

     4,960         111,451  

Southern Co. (The)

     7,049         309,733  

Southern Copper Corp.

     6,737         196,114  

Spectra Energy Corp.

     5,986         221,123  

Sysco Corp.

     4,822         174,219  

TECO Energy, Inc.

     6,468         110,926  

Verizon Communications, Inc.

     38,532         1,834,532  

Vornado Realty Trust

     1,307         128,818  

Waste Management, Inc.

     4,033         169,668  

Williams Cos., Inc. (The)

     4,592         186,343  

Windstream Holdings, Inc.

     11,227         92,510  

Xcel Energy, Inc.

     3,002         91,141  
     

 

 

 
Total United States               21,813,334  
TOTAL COMMON STOCKS
(Cost: $100,048,439)
              122,890,872  
RIGHTS – 0.0%      
Spain – 0.0%      

Banco Bilbao Vizcaya Argentaria S.A. expiring 5/14/14*

     
(Cost: $6,635)      28,654       $ 6,714  
TOTAL INVESTMENTS IN SECURITIES – 99.5% (Cost: $100,055,074)         122,897,586  

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

        628,915  
     

 

 

 
NET ASSETS – 100.0%             $ 123,526,501  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      57   


Table of Contents

Schedule of Investments

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
Austria – 2.0%      

ams AG

     70,324       $ 9,871,711  

CAT Oil AG

     189,091         3,952,220  

RHI AG

     141,450         4,553,137  

Schoeller-Bleckmann Oilfield Equipment AG

     24,106         2,820,060  

Wienerberger AG

     221,582         4,244,995  

Zumtobel AG

     164,897         4,090,846  
     

 

 

 
Total Austria               29,532,969  
Belgium – 1.6%      

Arseus N.V.

     199,260         10,735,287  

Barco N.V.

     56,766         4,545,611  

Econocom Group

     199,416         2,289,459  

EVS Broadcast Equipment S.A.

     75,866         4,917,564  
     

 

 

 
Total Belgium               22,487,921  
Denmark – 1.6%      

Aktieselskabet Schouw & Co.

     110,925         5,436,697  

D/S Norden A/S

     119,995         5,117,010  

NKT Holding A/S

     135,243         7,839,450  

Rockwool International A/S Class B

     21,407         4,157,313  
     

 

 

 
Total Denmark               22,550,470  
Finland – 1.9%      

Citycon Oyj

     1,899,810         6,755,504  

Metsa Board Oyj*

     830,633         3,823,697  

PKC Group Oyj

     95,972         2,993,346  

Raisio PLC Class V

     580,157         3,838,086  

Stockmann Oyj Abp Class B

     281,312         4,152,461  

Tikkurila Oyj

     234,232         5,520,396  
     

 

 

 
Total Finland               27,083,490  
France – 2.3%      

Akka Technologies

     44,219         1,587,003  

Alten S.A.

     237,021         12,733,756  

Assystem

     96,082         2,946,456  

Groupe Steria SCA

     120,004         2,423,043  

IPSOS

     214,019         8,686,913  

Korian-Medica

     4         140  

Mersen

     78,294         2,644,842  

Saft Groupe S.A.

     82,021         2,867,962  
     

 

 

 
Total France               33,890,115  
Germany – 10.1%      

Aurelius AG

     389,692         14,829,133  

Bauer AG

     73,273         1,936,959  

BayWa AG

     103,024         5,860,752  

Bechtle AG

     82,588         7,117,594  

Bertrandt AG

     40,484         6,204,633  

DMG MORI SEIKI AG

     208,133         6,378,315  

Drillisch AG

     1,184,009         42,983,190  

Grammer AG

     61,507         3,013,221  

Jenoptik AG

     224,755         4,079,651  

Leoni AG

     280,784         20,498,883  

LPKF Laser & Electronics AG

     114,869         2,685,867  

NORMA Group SE

     119,530         6,336,808  
Investments    Shares      Value  

Pfeiffer Vacuum Technology AG

     65,612       $ 8,018,402  

PNE Wind AG

     459,159         1,804,214  

PSI AG fuer Produkte und Systeme der Informationstechnologie

     40,825         761,856  

QSC AG

     896,331         4,472,031  

SMA Solar Technology AG

     182,562         9,687,216  
     

 

 

 
Total Germany               146,668,725  
Ireland – 2.5%      

FBD Holdings PLC

     150,807         3,845,219  

Grafton Group PLC

     502,860         5,424,080  

Greencore Group PLC

     2,868,746         13,185,712  

IFG Group PLC

     853,963         2,036,165  

Total Produce PLC

     2,501,372         3,447,515  

UDG Healthcare PLC

     1,331,294         7,790,329  
     

 

 

 
Total Ireland               35,729,020  
Italy – 13.9%      

Amplifon SpA

     577,400         3,891,468  

Ansaldo STS SpA

     639,015         7,490,542  

Astaldi SpA

     482,359         4,972,787  

ASTM SpA

     241,135         4,091,157  

Banca Popolare di Sondrio SCARL

     716,874         4,870,994  

Brembo SpA

     417,378         15,807,899  

Brunello Cucinelli SpA

     66,174         1,752,034  

Cementir Holding SpA

     370,981         3,517,774  

Danieli & C Officine Meccaniche SpA

     115,344         3,848,732  

Danieli & C Officine Meccaniche SpA RSP

     181,006         4,166,173  

ERG SpA

     965,823         15,640,955  

Esprinet SpA

     187,729         1,966,404  

Geox SpA

     1,662,903         7,494,498  

Indesit Co. SpA

     512,059         7,819,656  

Interpump Group SpA

     419,365         6,461,924  

Intesa Sanpaolo SpA RSP

     11,445,921         32,497,192  

Iren SpA

     4,105,730         7,412,924  

Italcementi SpA

     600,185         7,411,754  

Piaggio & C. SpA

     268,341         961,586  

Reply SpA

     39,558         3,516,592  

Salini Impregilo SpA

     1,936,933         11,826,227  

Trevi Finanziaria Industriale SpA

     247,912         2,779,604  

Unipol Gruppo Finanziario SpA

     5,224,700         40,829,333  
     

 

 

 
Total Italy               201,028,209  
Netherlands – 4.1%      

BE Semiconductor Industries N.V.

     347,134         5,365,674  

BinckBank N.V.

     1,151,721         13,624,302  

Brunel International N.V.

     108,213         7,588,473  

Corbion N.V.

     645,408         15,237,705  

Heijmans N.V. CVA

     98,560         1,786,300  

Koninklijke BAM Groep N.V.

     1,005,535         6,028,570  

Koninklijke Ten Cate N.V.

     153,238         4,718,213  

USG People N.V.

     276,876         4,472,402  
     

 

 

 
Total Netherlands               58,821,639  
Norway – 7.1%      

Atea ASA

     1,926,203         21,153,631  

 

See Notes to Financial Statements.

 

58   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Austevoll Seafood ASA

     1,571,614       $ 9,318,829  

Borregaard ASA

     881,954         5,907,142  

Cermaq ASA

     196,079         2,177,910  

Ekornes ASA

     450,311         7,145,346  

Kvaerner ASA

     6,295,961         13,460,436  

Leroey Seafood Group ASA

     494,063         16,050,518  

Sparebank 1 Nord-Norge

     585,177         3,381,820  

SpareBank 1 SMN

     888,710         7,978,581  

Tomra Systems ASA

     524,069         5,033,191  

Veidekke ASA

     1,063,358         11,011,800  
     

 

 

 
Total Norway               102,619,204  
Portugal – 0.2%      

Altri, SGPS, S.A.

     742,427         2,699,333  
Spain – 3.8%      

Abengoa S.A.

     1,499,086         8,392,558  

Abengoa S.A. Class B

     2,514,563         11,693,256  

Atresmedia Corp de Medios de Comunicaion S.A.*

     700,140         10,778,689  

Caja de Ahorros del Mediterraneo*

     7,768         14,346  

Duro Felguera S.A.

     1,750,358         11,989,778  

Ence Energia y Celulosa S.A.

     1,235,557         3,729,364  

Faes Farma S.A.

     893,936         3,074,007  

Laboratorios Farmaceuticos Rovi S.A.

     121,597         1,634,012  

Melia Hotels International S.A.

     326,596         4,204,222  

Pescanova S.A.*†

     3,781         0  
     

 

 

 
Total Spain               55,510,232  
Sweden – 14.3%      

AF AB Class B

     220,220         8,151,830  

B&B Tools AB Class B

     179,775         3,299,616  

Bilia AB Class A

     317,706         10,167,886  

BioGaia AB Class B

     167,195         5,479,859  

Byggmax Group AB

     783,220         6,130,656  

Clas Ohlson AB Class B

     712,889         15,063,629  

Concentric AB

     291,898         4,051,919  

Duni AB

     638,039         8,364,756  

Gunnebo AB

     495,419         2,926,568  

Haldex AB

     203,758         2,380,589  

Holmen AB Class B

     708,285         25,945,306  

Indutrade AB

     214,718         10,233,261  

Intrum Justitia AB

     463,136         12,614,974  

Kungsleden AB

     966,261         7,973,250  

Loomis AB Class B

     405,396         10,410,722  

Mekonomen AB

     279,320         7,690,018  

New Wave Group AB Class B

     539,667         3,803,901  

Nobia AB

     511,163         4,513,589  

Nolato AB Class B

     330,875         8,318,379  

Peab AB

     2,289,273         16,150,311  

Skandinaviska Enskilda Banken AB Class C

     372,180         5,243,831  

SkiStar AB

     319,143         4,085,550  

Svenska Handelsbanken AB Class B

     137,382         6,748,798  

Transmode Holding AB

     162,909         2,732,508  

Wihlborgs Fastigheter AB

     733,463         14,253,972  
     

 

 

 
Total Sweden               206,735,678  
Investments    Shares      Value  
Switzerland – 8.7%      

Ascom Holding AG*

     240,754       $ 4,946,720  

Basilea Pharmaceutica AG*

     149,699         17,099,258  

Bellevue Group AG

     259,410         4,023,226  

Implenia AG*

     78,902         5,904,140  

Kardex AG*

     48,897         2,427,275  

Kudelski S.A.

     199,993         2,897,957  

Logitech International S.A.

     3,503,374         52,351,318  

Nobel Biocare Holding AG*

     467,618         6,722,985  

Swissquote Group Holding S.A.

     81,088         3,350,554  

Tecan Group AG

     43,047         5,165,543  

Temenos Group AG*

     193,709         6,819,890  

Valiant Holding AG

     110,231         11,099,844  

Zehnder Group AG

     56,829         2,496,140  
     

 

 

 
Total Switzerland               125,304,850  
United Arab Emirates – 0.1%      

NMC Health PLC

     226,030         1,901,087  
United Kingdom – 24.8%      

A.G. BARR PLC

     238,625         2,426,725  

Abcam PLC

     293,818         1,905,473  

African Barrick Gold PLC

     3,148,168         13,829,715  

Alent PLC

     371,591         1,963,809  

Bank of Georgia Holdings PLC

     136,232         5,662,082  

Betfair Group PLC

     133,980         2,470,414  

Big Yellow Group PLC

     600,568         5,471,760  

Bodycote PLC

     300,059         4,036,964  

Bovis Homes Group PLC

     152,197         2,272,199  

Brewin Dolphin Holdings PLC

     946,051         5,330,967  

Cable & Wireless Communications PLC

     14,072,653         12,340,605  

Carillion PLC

     1,737,239         10,472,797  

Central Asia Metals PLC

     447,559         1,237,673  

Chemring Group PLC

     453,635         1,966,322  

Chesnara PLC

     838,396         4,291,037  

Cineworld Group PLC

     617,656         3,199,871  

Computacenter PLC

     482,142         5,293,043  

Cranswick PLC

     128,907         2,628,317  

CSR PLC

     234,693         2,838,653  

Dairy Crest Group PLC

     562,222         4,532,824  

Darty PLC

     1,386,961         2,716,920  

De La Rue PLC

     319,116         4,333,256  

Dechra Pharmaceuticals PLC

     186,043         2,071,880  

Development Securities PLC

     453,980         1,771,036  

Devro PLC

     442,821         1,742,268  

Diploma PLC

     286,849         3,431,231  

Domino Printing Sciences PLC

     330,777         4,337,193  

E2V Technologies PLC

     822,211         2,138,369  

Elementis PLC

     876,460         4,186,310  

EMIS Group PLC

     119,474         1,290,693  

F&C Asset Management PLC

     2,102,541         4,276,407  

Fenner PLC

     410,564         2,728,305  

Ferrexpo PLC

     1,318,472         3,398,248  

Fidessa Group PLC

     74,004         3,130,043  

Galliford Try PLC

     210,893         4,665,603  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      59   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Genus PLC

     69,881       $ 1,153,371  

Go-Ahead Group PLC

     176,008         5,466,634  

Greggs PLC

     477,972         4,028,082  

Halfords Group PLC

     1,208,619         9,305,036  

Helical Bar PLC

     420,688         2,621,296  

Hill & Smith Holdings PLC

     319,000         2,890,447  

Homeserve PLC

     813,684         4,273,080  

Huntsworth PLC

     1,376,057         1,554,248  

Interserve PLC

     381,232         4,639,668  

ITE Group PLC

     424,690         1,352,322  

J D Wetherspoon PLC

     268,433         3,832,993  

James Fisher & Sons PLC

     70,394         1,716,938  

John Menzies PLC

     216,958         2,369,145  

Kcom Group PLC

     2,582,948         4,271,713  

Keller Group PLC

     112,090         2,006,993  

Kier Group PLC

     158,352         4,366,503  

Laird PLC

     1,267,540         6,345,878  

Low & Bonar PLC

     917,427         1,296,242  

Marshalls PLC

     988,976         2,918,325  

Marston’s PLC

     2,179,704         5,232,807  

Micro Focus International PLC

     432,545         5,988,880  

Mitie Group PLC

     965,540         5,239,574  

Moneysupermarket.com Group PLC

     1,529,834         4,771,916  

Morgan Advanced Materials PLC

     669,247         3,995,448  

National Express Group PLC

     1,484,989         6,934,435  

NCC Group PLC

     467,397         1,461,039  

Novae Group PLC

     376,623         3,641,745  

Numis Corp. PLC

     662,367         3,459,111  

Oxford Instruments PLC

     28,249         596,698  

Pace PLC

     347,010         2,606,801  

PayPoint PLC

     103,854         1,982,455  

Photo-Me International PLC

     1,184,329         2,680,322  

Polar Capital Holdings PLC

     309,603         2,508,512  

Premier Farnell PLC

     1,704,809         6,647,842  

Rank Group PLC

     934,956         2,464,324  

Restaurant Group PLC

     456,885         5,430,892  

Ricardo PLC

     100,442         1,087,600  

RPC Group PLC

     552,670         5,818,539  

RPS Group PLC

     390,029         2,032,641  

Safestore Holdings PLC

     1,102,764         4,357,181  

Savills PLC

     464,327         5,167,136  

Schroders PLC Non-Voting Shares

     121,603         4,085,019  

SDL PLC

     172,353         979,824  

Senior PLC

     523,721         2,684,849  

Shanks Group PLC

     1,435,774         2,650,968  

SIG PLC

     746,117         2,501,461  

Smiths News PLC

     1,001,381         2,533,394  

Spirent Communications PLC

     1,011,367         1,666,710  

Spirit Pub Co. PLC

     1,794,090         2,430,202  

ST Modwen Properties PLC

     474,345         3,163,217  

SThree PLC

     387,181         2,581,955  

Synthomer PLC

     846,494         3,996,611  

Ted Baker PLC

     83,881         3,003,811  

Telecom Plus PLC

     152,007         4,533,657  
Investments    Shares      Value  

TT electronics PLC

     546,096       $ 1,948,307  

Tullett Prebon PLC

     1,176,182         5,527,698  

UTV Media PLC

     465,841         1,836,723  

Vesuvius PLC

     788,108         5,722,010  

Vitec Group PLC (The)

     201,990         2,057,528  

WH Smith PLC

     438,149         8,787,436  

WS Atkins PLC

     231,836         5,376,290  
     

 

 

 
Total United Kingdom               358,971,494  
TOTAL COMMON STOCKS
(Cost: $1,287,399,983)
              1,431,534,436  
EXCHANGE-TRADED FUNDS – 0.2%      
United States – 0.2%      

WisdomTree International MidCap Dividend Fund(a)

     
(Cost: $3,377,818)      56,222         3,386,251  
TOTAL INVESTMENTS IN SECURITIES – 99.2%
(Cost: $1,290,777,801)
        1,434,920,687  

Cash, Foreign Currency and Other Assets in Excess of and Liabilities – 0.8%

        11,950,343  
     

 

 

 
NET ASSETS – 100.0%             $ 1,446,871,030  

RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $14,346, which represents 0.0% of net assets.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

60   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%   
Japan – 98.7%   
Air Freight & Logistics – 0.1%   

Kintetsu World Express, Inc.

     115,700       $ 5,151,085  

Yusen Logistics Co., Ltd.

     386,400         4,885,107  
     

 

 

 
Total Air Freight & Logistics               10,036,192  
Airlines – 1.0%   

Japan Airlines Co., Ltd.

     2,247,900         110,883,449  
Auto Components – 5.8%   

Aisan Industry Co., Ltd.

     373,900         2,875,456  

Aisin Seiki Co., Ltd.

     2,011,308         72,749,646  

Akebono Brake Industry Co., Ltd.

     793,648         3,560,376  

Bridgestone Corp.

     2,445,485         86,910,473  

Calsonic Kansei Corp.

     1,837,000         8,544,186  

Daido Metal Co., Ltd.

     357,000         3,757,712  

Denso Corp.

     4,323,479         207,725,145  

Eagle Industry Co., Ltd.

     223,000         3,445,094  

Exedy Corp.

     364,515         10,222,065  

FCC Co., Ltd.

     268,572         4,790,666  

Keihin Corp.

     416,734         6,086,012  

Kinugawa Rubber Industrial Co., Ltd.

     661,183         2,747,840  

Koito Manufacturing Co., Ltd.

     608,501         10,322,389  

KYB Co., Ltd.

     1,293,000         5,474,079  

Musashi Seimitsu Industry Co., Ltd.

     169,700         3,501,602  

NGK Spark Plug Co., Ltd.

     853,000         19,216,002  

NHK Spring Co., Ltd.

     1,321,900         12,283,908  

Nifco, Inc.

     369,845         10,472,088  

Nissin Kogyo Co., Ltd.

     395,746         7,397,301  

NOK Corp.

     633,000         10,356,897  

Pacific Industrial Co., Ltd.

     389,100         2,614,528  

Press Kogyo Co., Ltd.

     815,000         2,959,751  

Riken Corp.

     643,000         2,603,593  

Sanden Corp.

     3,806,000         17,000,146  

Showa Corp.

     564,200         6,212,582  

Stanley Electric Co., Ltd.

     915,207         20,359,657  

Sumitomo Rubber Industries Ltd.

     1,637,991         20,899,356  

Takata Corp.

     356,600         8,982,089  

Tokai Rika Co., Ltd.

     477,114         8,033,361  

Tokai Rubber Industries Ltd.

     513,100         5,266,269  

Toyo Tire & Rubber Co., Ltd.

     1,245,678         8,841,973  

Toyoda Gosei Co., Ltd.

     757,334         14,553,226  

Toyota Boshoku Corp.

     759,136         7,688,293  

TPR Co., Ltd.

     266,700         4,076,184  

TS Tech Co., Ltd.

     306,332         9,310,280  

Unipres Corp.

     291,000         5,241,589  

Yokohama Rubber Co., Ltd. (The)

     2,381,917         22,434,913  
     

 

 

 
Total Auto Components               659,516,727  
Automobiles – 12.9%   

Daihatsu Motor Co., Ltd.

     4,313,169         76,350,023  

Fuji Heavy Industries Ltd.

     1,445,067         39,176,842  

Honda Motor Co., Ltd.

     12,374,777         436,664,948  

Isuzu Motors Ltd.

     6,150,770         35,416,872  

Nissan Motor Co., Ltd.

     35,058,700         313,191,280  
Investments    Shares      Value  

Suzuki Motor Corp.

     1,529,136       $ 40,000,897  

Toyota Motor Corp.

     9,236,317         522,510,879  

Yamaha Motor Co., Ltd.

     928,500         14,831,116  
     

 

 

 
Total Automobiles               1,478,142,857  
Banks – 4.6%   

Mitsubishi UFJ Financial Group, Inc.

     95,845,178         527,690,595  
Beverages – 0.7%   

Kirin Holdings Co., Ltd.

     5,502,745         76,408,461  
Building Products – 1.3%   

Asahi Glass Co., Ltd.

     14,052,406         81,597,697  

Central Glass Co., Ltd.

     1,360,000         4,423,945  

Daikin Industries Ltd.

     834,849         46,871,844  

Okabe Co., Ltd.

     408,100         5,884,629  

Sanwa Holdings Corp.

     1,599,831         10,392,649  
     

 

 

 
Total Building Products               149,170,764  
Capital Markets – 0.8%   

GCA Savvian Corp.

     153,100         1,321,609  

Monex Group, Inc.

     1,351,696         5,263,194  

Nomura Holdings, Inc.

     13,381,656         86,018,899  
     

 

 

 
Total Capital Markets               92,603,702  
Chemicals – 7.1%   

ADEKA Corp.

     738,900         8,538,049  

Asahi Kasei Corp.

     9,305,522         63,431,339  

Chugoku Marine Paints Ltd.

     350,000         2,491,139  

Daicel Corp.

     1,873,542         15,390,751  

Denki Kagaku Kogyo K.K.

     5,087,076         17,486,283  

DIC Corp.

     7,168,857         18,864,497  

Fujimi, Inc.

     426,900         5,334,955  

Gun Ei Chemical Industry Co., Ltd.

     486,000         1,826,305  

Hitachi Chemical Co., Ltd.

     1,607,915         21,936,404  

JSP Corp.

     267,196         4,133,060  

JSR Corp.

     1,471,361         27,331,297  

Kaneka Corp.

     3,517,160         21,379,251  

Kansai Paint Co., Ltd.

     906,000         12,976,162  

Kumiai Chemical Industry Co., Ltd.

     381,000         2,423,217  

Kuraray Co., Ltd.

     3,473,737         39,802,007  

Kureha Corp.

     1,862,000         8,823,188  

Lintec Corp.

     438,647         8,382,360  

Mitsubishi Chemical Holdings Corp.

     12,242,563         50,998,296  

Mitsubishi Gas Chemical Co., Inc.

     3,001,564         16,962,764  

Mitsui Chemicals, Inc.

     9,916,188         24,360,786  

Nihon Nohyaku Co., Ltd.

     256,000         3,865,417  

Nihon Parkerizing Co., Ltd.

     198,000         4,591,193  

Nippon Paint Co., Ltd.

     1,049,000         15,930,825  

Nippon Shokubai Co., Ltd.

     942,000         11,150,148  

Nippon Soda Co., Ltd.

     821,000         4,472,311  

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

     448,000         3,223,460  

Nissan Chemical Industries Ltd.

     1,167,953         17,567,211  

Nitto Denko Corp.

     942,114         45,209,762  

Sakata INX Corp.

     328,000         3,105,307  

Sanyo Chemical Industries Ltd.

     1,017,000         6,527,523  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      61   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Shikoku Chemicals Corp.

     253,000       $ 1,827,761  

Shin-Etsu Chemical Co., Ltd.

     2,247,589         128,720,493  

Showa Denko K.K.

     8,899,312         12,616,396  

Sumitomo Bakelite Co., Ltd.

     1,841,000         7,096,927  

Sumitomo Seika Chemicals Co., Ltd.

     438,000         2,947,361  

Taiyo Holdings Co., Ltd.

     393,833         11,682,865  

Taiyo Nippon Sanso Corp.

     2,886,953         22,762,595  

Teijin Ltd.

     5,133,095         12,759,842  

Tokai Carbon Co., Ltd.

     2,847,000         9,675,681  

Toray Industries, Inc.

     7,806,514         51,697,262  

Tosoh Corp.

     3,578,614         13,830,057  

Toyo Ink SC Holdings Co., Ltd.

     3,120,322         12,634,600  

Toyobo Co., Ltd.

     6,967,513         10,960,209  

Ube Industries Ltd.

     10,216,923         18,849,496  

Zeon Corp.

     1,200,000         10,883,138  
     

 

 

 
Total Chemicals               817,459,950  
Commercial Services & Supplies – 0.1%   

Sato Holdings Corp.

     292,967         6,801,807  
Communications Equipment – 0.0%   

Hitachi Kokusai Electric, Inc.

     419,000         5,040,938  
Construction & Engineering – 0.5%   

JGC Corp.

     1,179,018         41,099,914  

Penta-Ocean Construction Co., Ltd.

     1,394,043         4,751,266  

Sumitomo Densetsu Co., Ltd.

     164,960         2,055,092  

Taikisha Ltd.

     292,600         6,358,584  

Toyo Engineering Corp.

     615,000         2,830,606  
     

 

 

 
Total Construction & Engineering               57,095,462  
Consumer Finance – 0.1%   

Hitachi Capital Corp.

     746,158         15,997,639  
Containers & Packaging – 0.0%   

Fuji Seal International, Inc.

     137,491         4,692,731  
Electrical Equipment – 2.8%   

Daihen Corp.

     822,000         3,280,497  

Denyo Co., Ltd.

     158,800         2,675,322  

Fuji Electric Co., Ltd.

     3,876,869         17,354,339  

Fujikura Ltd.

     1,809,577         8,293,638  

Furukawa Electric Co., Ltd.

     2,699,000         6,735,379  

GS Yuasa Corp.

     1,835,920         9,751,403  

IDEC Corp.

     406,661         3,818,432  

Mitsubishi Electric Corp.

     7,904,114         89,183,672  

Nidec Corp.

     1,451,444         88,494,605  

Nippon Carbon Co., Ltd.

     530,624         1,009,878  

Nissin Electric Co., Ltd.

     562,000         2,903,180  

Sanyo Denki Co., Ltd.

     428,000         2,772,015  

Sumitomo Electric Industries Ltd.

     4,425,083         65,999,199  

Tatsuta Electric Wire and Cable Co., Ltd.

     350,136         1,815,533  

Ushio, Inc.

     933,609         12,075,226  
     

 

 

 
Total Electrical Equipment               316,162,318  
Electronic Equipment, Instruments & Components – 7.3%   

Amano Corp.

     801,733         8,298,756  

Anritsu Corp.

     961,252         11,060,675  
Investments    Shares      Value  

Citizen Holdings Co., Ltd.

     1,801,385       $ 13,591,068  

Enplas Corp.

     52,248         2,942,549  

FUJIFILM Holdings Corp.

     3,077,895         82,816,401  

Hakuto Co., Ltd.

     347,719         3,264,983  

Hamamatsu Photonics K.K.

     403,785         18,231,784  

Hitachi High-Technologies Corp.

     463,919         10,829,356  

Hitachi Ltd.

     23,997,028         177,557,269  

Horiba Ltd.

     250,500         9,462,009  

Hoya Corp.

     4,646,757         144,972,863  

Ibiden Co., Ltd.

     1,750,201         34,567,256  

Japan Aviation Electronics Industry Ltd.

     376,000         5,629,868  

Keyence Corp.

     26,110         10,792,860  

KOA Corp.

     232,346         2,594,532  

Kyocera Corp.

     1,597,618         72,182,517  

Macnica, Inc.

     120,600         3,577,540  

Murata Manufacturing Co., Ltd.

     990,656         93,645,057  

Nichicon Corp.

     480,500         3,811,900  

Nippon Electric Glass Co., Ltd.

     4,818,301         24,843,597  

Ohara, Inc.

     183,700         1,132,684  

Optex Co., Ltd.

     157,300         2,721,839  

Ryosan Co., Ltd.

     414,945         8,779,581  

Sanshin Electronics Co., Ltd.

     450,154         3,020,405  

Shimadzu Corp.

     1,298,000         11,557,664  

SIIX Corp.

     296,500         4,865,612  

Taiyo Yuden Co., Ltd.

     154,800         1,913,486  

TDK Corp.

     866,468         36,262,340  

Topcon Corp.

     313,400         5,149,030  

UKC Holdings Corp.

     145,500         2,516,245  

Yaskawa Electric Corp.

     589,000         8,161,412  

Yokogawa Electric Corp.

     905,038         14,649,690  
     

 

 

 
Total Electronic Equipment, Instruments & Components               835,402,828  
Energy Equipment & Services – 0.0%   

Modec, Inc.

     163,200         4,139,228  

Toyo Kanestu K.K.

     446,775         1,140,960  
     

 

 

 
Total Energy Equipment & Services               5,280,188  
Food & Staples Retailing – 1.8%   

Seven & I Holdings Co., Ltd.

     5,320,424         203,755,423  
Food Products – 1.0%      

Ajinomoto Co., Inc.

     3,162,513         45,295,011  

Fuji Oil Co., Ltd.

     460,422         5,910,355  

Kikkoman Corp.

     743,000         14,046,910  

Nisshin Oillio Group Ltd. (The)

     1,803,000         5,882,488  

Sakata Seed Corp.

     318,700         4,394,368  

Toyo Suisan Kaisha Ltd.

     592,000         19,803,272  

Yakult Honsha Co., Ltd.

     325,287         16,361,476  
     

 

 

 
Total Food Products               111,693,880  
Health Care Equipment & Supplies – 0.4%   

Mani, Inc.

     79,700         3,312,288  

Nikkiso Co., Ltd.

     309,000         3,438,501  

Nipro Corp.

     1,033,133         9,299,551  

Sysmex Corp.

     346,160         11,058,566  

 

See Notes to Financial Statements.

 

62   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Terumo Corp.

     1,133,656       $ 24,800,961  
     

 

 

 
Total Health Care Equipment & Supplies               51,909,867  
Household Durables – 1.7%      

Casio Computer Co., Ltd.

     2,396,357         28,411,437  

Foster Electric Co., Ltd.

     56,100         684,193  

Fujitsu General Ltd.

     473,000         4,574,530  

JVCKENWOOD Corp.*

     1,151,413         2,783,918  

Nikon Corp.

     1,386,446         22,374,844  

Rinnai Corp.

     175,100         15,421,246  

Sekisui Chemical Co., Ltd.

     3,435,000         35,789,241  

Sony Corp.

     3,811,221         72,978,859  

Tamron Co., Ltd.

     275,700         6,545,482  
     

 

 

 
Total Household Durables               189,563,750  
Household Products – 0.3%   

Pigeon Corp.

     187,400         8,479,720  

Unicharm Corp.

     408,187         21,851,094  
     

 

 

 
Total Household Products               30,330,814  
Industrial Conglomerates – 1.0%   

Nisshinbo Holdings, Inc.

     1,334,000         11,424,849  

Toshiba Corp.

     24,523,618         104,061,961  
     

 

 

 
Total Industrial Conglomerates               115,486,810  
Insurance – 0.9%   

MS&AD Insurance Group Holdings

     4,512,700         103,588,123  
Leisure Products – 0.2%   

Dunlop Sports Co., Ltd.

     273,207         3,321,407  

Mizuno Corp.

     842,000         4,750,226  

Tomy Co., Ltd.

     491,200         2,279,882  

Yamaha Corp.

     641,407         8,277,224  
     

 

 

 
Total Leisure Products               18,628,739  
Machinery – 8.9%   

Aida Engineering Ltd.

     405,400         3,865,639  

Amada Co., Ltd.

     2,147,893         15,141,723  

Anest Iwata Corp.

     93,000         586,979  

Asahi Diamond Industrial Co., Ltd.

     459,400         5,857,088  

CKD Corp.

     368,200         3,518,073  

Daifuku Co., Ltd.

     753,000         9,329,786  

Ebara Corp.

     1,443,158         9,066,594  

FANUC Corp.

     1,002,689         177,248,660  

Fujitec Co., Ltd.

     571,000         7,745,662  

Furukawa Co., Ltd.

     1,710,000         3,088,411  

Hino Motors Ltd.

     3,081,310         45,807,502  

Hitachi Construction Machinery Co., Ltd.

     1,341,600         25,897,954  

Hitachi Koki Co., Ltd.

     1,227,711         9,644,300  

Hitachi Zosen Corp.

     928,281         4,434,765  

Hoshizaki Electric Co., Ltd.

     288,069         10,909,056  

IHI Corp.

     6,185,882         26,068,581  

Japan Steel Works Ltd. (The)

     2,521,313         11,335,320  

JTEKT Corp.

     1,626,078         24,221,039  

Kawasaki Heavy Industries Ltd.

     8,057,510         29,731,066  

Kitz Corp.

     1,116,900         5,476,861  

Komatsu Ltd.

     6,272,406         130,217,061  
Investments    Shares      Value  

Kubota Corp.

     4,621,820       $ 61,349,011  

Makino Milling Machine Co., Ltd.

     583,000         4,115,560  

Makita Corp.

     565,569         31,138,284  

Minebea Co., Ltd.

     2,245,701         20,017,998  

Mitsubishi Heavy Industries Ltd.

     16,211,198         93,975,678  

Mitsui Engineering & Shipbuilding Co., Ltd.

     5,636,315         11,931,026  

Nabtesco Corp.

     775,500         17,876,749  

NGK Insulators Ltd.

     1,866,939         38,975,762  

Nippon Thompson Co., Ltd.

     534,000         2,618,537  

Nitta Corp.

     168,500         3,147,973  

Noritake Co., Ltd.

     3,085,600         7,819,989  

NSK Ltd.

     2,264,366         23,350,553  

Obara Group, Inc.

     82,600         3,099,956  

Oiles Corp.

     273,800         5,867,618  

OKUMA Corp.

     944,000         7,644,764  

OSG Corp.

     444,824         7,731,562  

Ryobi Ltd.

     1,552,000         4,747,099  

Sintokogio, Ltd.

     410,800         3,147,266  

SMC Corp.

     187,020         49,440,399  

Sodick Co., Ltd.

     333,984         1,258,298  

Star Micronics Co., Ltd.

     778,700         9,406,251  

Sumitomo Heavy Industries Ltd.

     3,652,186         14,859,115  

Tadano Ltd.

     476,000         6,202,768  

THK Co., Ltd.

     429,679         9,667,100  

Torishima Pump Manufacturing Co., Ltd.

     263,256         3,254,114  

Toshiba Machine Co., Ltd.

     1,210,000         5,733,650  

Tsubakimoto Chain Co.

     723,000         5,181,085  

Tsugami Corp.

     479,290         2,871,505  

Union Tool Co.

     67,540         1,547,744  
     

 

 

 
Total Machinery               1,017,169,534  
Marine – 0.3%   

Kawasaki Kisen Kaisha, Ltd.

     5,321,000         11,521,901  

Nippon Yusen K.K.

     9,830,763         28,637,461  
     

 

 

 
Total Marine               40,159,362  
Metals & Mining – 1.8%   

Hitachi Metals Ltd.

     1,572,018         22,423,600  

JFE Holdings, Inc.

     1,850,362         34,910,457  

Mitsubishi Materials Corp.

     5,900,000         16,785,940  

Mitsui Mining & Smelting Co., Ltd.

     3,529,000         8,155,576  

Nippon Steel Sumitomo Metal Corp.

     15,018,261         41,123,946  

OSAKA Titanium Technologies Co.

     70,700         1,227,476  

Sumitomo Metal Mining Co., Ltd.

     5,470,000         68,836,432  

Topy Industries Ltd.

     1,633,000         2,885,915  

Yamato Kogyo Co., Ltd.

     276,096         8,672,822  
     

 

 

 
Total Metals & Mining               205,022,164  
Personal Products – 1.9%   

Kao Corp.

     3,537,880         125,630,210  

Mandom Corp.

     153,900         5,574,084  

Shiseido Co., Ltd.

     4,614,922         81,377,854  
     

 

 

 
Total Personal Products               212,582,148  
Pharmaceuticals – 9.9%   

Astellas Pharma, Inc.

     19,597,515         232,920,895  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      63   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Daiichi Sankyo Co., Ltd.

     8,509,321       $ 143,605,379  

Dainippon Sumitomo Pharma Co., Ltd.

     1,860,511         29,627,985  

Eisai Co., Ltd.

     3,746,177         146,158,559  

Kyowa Hakko Kirin Co., Ltd.

     3,673,470         39,236,947  

Shionogi & Co., Ltd.

     2,440,277         45,329,416  

Takeda Pharmaceutical Co., Ltd.

     10,333,329         490,854,449  
     

 

 

 
Total Pharmaceuticals               1,127,733,630  
Road & Rail – 0.3%   

Nippon Express Co., Ltd.

     7,055,000         34,595,087  
Semiconductors & Semiconductor Equipment – 0.6%   

Advantest Corp.

     781,200         8,473,083  

Disco Corp.

     89,100         5,554,421  

Lasertec Corp.

     244,556         2,759,373  

Sanken Electric Co., Ltd.

     712,000         5,046,949  

Shinko Electric Industries Co., Ltd.

     853,810         6,176,516  

Tokyo Electron Ltd.

     602,353         36,994,540  

Tokyo Seimitsu Co., Ltd.

     119,000         2,099,558  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               67,104,440  
Software – 0.9%   

Capcom Co., Ltd.

     1,407,400         26,758,161  

Konami Corp.

     1,099,100         25,453,741  

Square Enix Holdings Co., Ltd.

     1,082,200         22,330,193  

Trend Micro, Inc.

     1,021,608         31,694,301  
     

 

 

 
Total Software               106,236,396  
Specialty Retail – 1.1%   

Fast Retailing Co., Ltd.

     323,400         117,555,751  

Sanrio Co., Ltd.

     343,635         11,611,883  
     

 

 

 
Total Specialty Retail               129,167,634  
Technology Hardware, Storage & Peripherals – 6.2%   

Brother Industries Ltd.

     2,115,093         29,636,153  

Canon, Inc.

     16,969,256         525,794,008  

Konica Minolta, Inc.

     3,351,138         31,336,077  

Ricoh Co., Ltd.

     6,074,678         70,193,396  

RISO KAGAKU Corp.

     234,914         5,823,522  

Roland DG Corp.

     97,800         3,879,332  

Seiko Epson Corp.

     1,106,954         34,503,300  

Toshiba TEC Corp.

     1,252,531         7,139,250  

Wacom Co., Ltd.

     880,000         6,195,077  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               714,500,115  
Textiles, Apparel & Luxury Goods – 0.3%   

Asics Corp.

     1,009,692         19,892,849  

Descente Ltd.

     319,081         2,515,840  

Japan Vilene Co., Ltd.

     615,000         3,487,498  

Kurabo Industries Ltd.

     1,664,653         3,006,510  

Seiko Holdings Corp.

     735,000         2,933,291  

Seiren Co., Ltd.

     342,910         2,826,922  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               34,662,910  
Tobacco – 3.4%   

Japan Tobacco, Inc.

     12,426,945         390,962,779  
Investments    Shares      Value  
Trading Companies & Distributors – 10.7%      

Daiichi Jitsugyo Co., Ltd.

     290,000       $ 1,292,518  

Hanwa Co., Ltd.

     3,204,000         12,444,531  

Inabata & Co., Ltd.

     748,486         7,645,844  

ITOCHU Corp.

     16,291,994         190,786,472  

Kuroda Electric Co., Ltd.

     337,187         5,471,083  

Marubeni Corp.

     19,101,278         128,535,084  

MISUMI Group, Inc.

     362,900         10,078,108  

Mitsubishi Corp.

     16,298,000         303,218,605  

Mitsui & Co., Ltd.

     20,622,489         292,161,106  

Nagase & Co., Ltd.

     1,343,900         16,638,078  

Nippon Steel & Sumikin Bussan Corp.

     1,846,000         5,933,155  

Sojitz Corp.

     7,270,658         12,425,458  

Sumitomo Corp.

     14,645,277         186,718,927  

Toyota Tsusho Corp.

     2,041,010         51,924,515  
     

 

 

 
Total Trading Companies & Distributors               1,225,273,484  
TOTAL INVESTMENTS IN SECURITIES – 98.7%
(Cost: $11,366,659,499)
         11,298,513,697  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 1.3%

        143,310,037  
     

 

 

 
NET ASSETS – 100.0%             $ 11,441,823,734  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

64   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.3%      
Australia – 1.6%      

Ansell Ltd.

     2,117       $ 36,123  

CSL Ltd.

     6,034         389,022  

Orica Ltd.

     13,767         279,188  

REA Group Ltd.

     1,760         79,524  

Seek Ltd.

     7,328         119,335  

TPG Telecom Ltd.

     14,854         91,553  
     

 

 

 
Total Australia               994,745   
Austria – 0.8%      

Andritz AG

     2,003         123,828  

OMV AG

     7,746         351,612  
     

 

 

 
Total Austria               475,440   
Brazil – 4.9%      

Ambev S.A.

     147,000         1,104,210  

CCR S.A.

     43,716         337,484  

Cia de Saneamento Basico do Estado de Sao Paulo

     5,100         47,689  

Cia Hering

     5,308         64,406  

Cielo S.A.

     18,520         593,477  

Duratex S.A.

     9,900         50,674  

EcoRodovias Infraestrutura e Logistica S.A.

     6,600         39,778  

Estacio Participacoes S.A.

     600         6,079  

Localiza Rent a Car S.A.

     1,428         21,010  

Lojas Americanas S.A.

     1,500         9,466  

Lojas Renner S.A.

     2,700         76,842  

M Dias Branco S.A.

     912         36,941  

Marisa Lojas S.A.

     1,600         10,920  

Mills Estruturas e Servicos de Engenharia S.A.

     600         7,445  

Raia Drogasil S.A.

     565         4,915  

Souza Cruz S.A.

     31,600         288,482  

Ultrapar Participacoes S.A.

     9,000         219,007  

WEG S.A.

     9,400         132,054  
     

 

 

 
Total Brazil               3,050,879  
Canada – 3.2%      

Agrium, Inc.

     1,905         185,935  

Alimentation Couche-Tard, Inc. Class B

     351         28,433  

Canadian National Railway Co.

     9,800         551,464  

Canadian Pacific Railway Ltd.

     1,400         210,111  

Eldorado Gold Corp.

     8,900         49,590  

Ensign Energy Services, Inc.

     2,600         38,491  

Gildan Activewear, Inc.

     600         30,284  

MacDonald Dettwiler & Associates Ltd.

     700         55,379  

Potash Corp. of Saskatchewan, Inc.

     12,600         456,511  

Ritchie Bros. Auctioneers, Inc.

     1,700         41,154  

Saputo, Inc.

     1,600         80,728  

ShawCor Ltd.

     600         25,060  

Silver Wheaton Corp.

     4,500         102,251  

Tim Hortons, Inc.

     1,800         99,707  
     

 

 

 
Total Canada               1,955,098   
Chile – 0.3%      

CFR Pharmaceuticals S.A.

     78,995         15,792  

S.A.C.I. Falabella

     18,263         160,028  
     

 

 

 
Total Chile               175,820   
Investments    Shares      Value  
China – 2.1%      

Air China Ltd. Class H

     34,000       $ 20,075  

Anhui Conch Cement Co., Ltd. Class H

     17,500         75,012  

China International Marine Containers Group Co., Ltd. Class H

     24,300         56,325  

Far East Horizon Ltd.

     117,000         85,973  

Great Wall Motor Co., Ltd. Class H

     15,000         75,222  

PetroChina Co., Ltd. Class H

     636,000         692,815  

Ping An Insurance Group Co. of China Ltd. Class H

     23,500         194,797  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     28,000         31,909  

Tsingtao Brewery Co., Ltd. Class H

     2,000         14,632  

Wumart Stores, Inc. Class H

     7,250         7,066  

Zhuzhou CSR Times Electric Co., Ltd. Class H

     16,500         55,623  
     

 

 

 
Total China               1,309,449  
Denmark – 3.3%      

Coloplast A/S Class B

     2,015         163,112  

GN Store Nord A/S

     633         15,717  

Novo Nordisk A/S Class B

     39,075         1,780,268  

Novozymes A/S Class B

     2,444         107,514  
     

 

 

 
Total Denmark               2,066,611  
Finland – 1.3%      

Kone Oyj Class B

     9,528         399,737  

Nokian Renkaat Oyj

     4,090         165,447  

Wartsila Oyj Abp

     3,858         209,661  
     

 

 

 
Total Finland               774,845  
France – 1.4%      

Bureau Veritas S.A.

     6,369         195,356  

Hermes International

     703         234,089  

Iliad S.A.

     77         22,212  

JC Decaux S.A.

     3,254         142,595  

SEB S.A.

     694         59,915  

Technip S.A.

     1,482         153,009  

Vallourec S.A.

     1,647         89,448  
     

 

 

 
Total France               896,624  
Germany – 5.0%      

CTS Eventim AG

     585         39,024  

Fielmann AG

     747         100,412  

Hugo Boss AG

     1,765         234,941  

Infineon Technologies AG

     13,238         158,040  

MTU Aero Engines AG

     530         49,278  

SAP AG

     12,829         1,038,969  

Symrise AG

     1,923         96,103  

United Internet AG Registered Shares

     2,301         108,096  

Volkswagen AG

     4,571         1,159,196  

Wacker Chemie AG

     366         44,708  

Wirecard AG

     1,004         41,679  
     

 

 

 
Total Germany               3,070,446   
Hong Kong – 4.4%      

China Everbright International Ltd.

     28,000         38,334  

China Overseas Grand Oceans Group Ltd.

     18,000         11,834  

China Overseas Land & Investment Ltd.

     110,000         285,031  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      65   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

China Resources Enterprise Ltd.

     12,000       $ 33,879  

Franshion Properties China Ltd.

     182,000         60,768  

Hang Seng Bank Ltd.

     60,900         969,589  

Hong Kong & China Gas Co., Ltd.

     125,535         273,822  

Hongkong & Shanghai Hotels (The)

     12,500         16,630  

Hysan Development Co., Ltd.

     22,000         95,719  

Lenovo Group Ltd.

     154,000         170,139  

SJM Holdings Ltd.

     113,536         319,076  

Techtronic Industries Co., Ltd.

     12,000         33,415  

Wharf Holdings Ltd.

     53,000         338,892  

Yuexiu Property Co., Ltd.

     310,000         63,942  
     

 

 

 
Total Hong Kong               2,711,070   
India – 0.6%      

Infosys Ltd. ADR

     5,692         308,393  

Tata Motors Ltd. ADR

     1,800         63,738  
     

 

 

 
Total India               372,131  
Indonesia – 5.5%      

PT AKR Corporindo Tbk

     34,000         14,471  

PT Alam Sutera Realty Tbk

     109,500         5,735  

PT Astra International Tbk

     912,296         592,270  

PT Bank Central Asia Tbk

     195,500         182,421  

PT Bank Mandiri Persero Tbk

     350,001         291,154  

PT Bank Rakyat Indonesia Persero Tbk*

     504,089         424,882  

PT Bumi Serpong Damai

     68,500         9,859  

PT Charoen Pokphand Indonesia Tbk

     65,953         23,194  

PT Ciputra Development Tbk

     63,500         6,484  

PT Global Mediacom Tbk

     68,500         14,170  

PT Gudang Garam Tbk

     19,000         82,623  

PT Indocement Tunggal Prakarsa Tbk

     58,500         120,373  

PT Indofood CBP Sukses Makmur Tbk

     44,500         39,564  

PT Japfa Comfeed Indonesia Tbk

     42,500         5,275  

PT Jasa Marga Persero Tbk

     80,501         42,518  

PT Kalbe Farma Tbk

     537,000         69,252  

PT Lippo Karawaci Tbk

     85,500         8,166  

PT Mayora Indah Tbk

     2,230         5,889  

PT Media Nusantara Citra Tbk

     110,500         25,582  

PT Perusahaan Gas Negara Persero Tbk

     660,500         297,981  

PT Semen Indonesia Persero Tbk

     178,000         247,571  

PT Summarecon Agung Tbk

     99,000         9,281  

PT Surya Citra Media Tbk

     196,000         55,211  

PT Telekomunikasi Indonesia Persero Tbk

     2,464,500         480,534  

PT Unilever Indonesia Tbk

     79,000         203,411  

PT United Tractors Tbk

     97,400         177,910  
     

 

 

 
Total Indonesia               3,435,781  
Ireland – 0.1%      

Dragon Oil PLC

     8,357         76,480  
Italy – 0.2%      

DiaSorin SpA

     594         25,502  

Salvatore Ferragamo SpA

     1,522         44,828  

Tod’s SpA

     490         63,651  
     

 

 

 
Total Italy               133,981  
Investments    Shares      Value  
Japan – 3.8%      

Dena Co., Ltd.

     2,400       $ 43,439  

Fast Retailing Co., Ltd.

     600         218,100  

Fuji Heavy Industries Ltd.

     3,500         94,887  

Idemitsu Kosan Co., Ltd.

     2,400         49,382  

Japan Tobacco, Inc.

     18,600         585,173  

JGC Corp.

     3,000         104,578  

Kakaku.com, Inc.

     800         13,043  

KDDI Corp.

     11,300         655,715  

Komatsu Ltd.

     12,300         255,352  

Nippon Shokubai Co., Ltd.

     3,000         35,510  

Nitto Denko Corp.

     1,800         86,378  

Otsuka Corp.

     500         65,446  

Sanrio Co., Ltd.

     600         20,275  

SCSK Corp.

     1,800         48,607  

Sysmex Corp.

     1,000         31,946  

Unicharm Corp.

     500         26,766  

Wacom Co., Ltd.

     1,500         10,560  
     

 

 

 
Total Japan               2,345,157  
Malaysia – 0.4%      

AirAsia Bhd

     35,800         27,956  

Bumi Armada Bhd

     19,600         23,469  

Dialog Group Bhd

     17,300         19,019  

Kuala Lumpur Kepong Bhd

     16,100         119,314  

Nestle (Malaysia) Bhd

     3,900         79,636  
     

 

 

 
Total Malaysia               269,394  
Mexico – 2.5%      

Arca Continental S.A.B de C.V.

     12,500         74,701  

Controladora Comercial Mexicana S.A.B de C.V.

     1,700         7,070  

El Puerto de Liverpool S.A.B de C.V.

     4,400         48,192  

Fomento Economico Mexicano S.A.B de C.V.

     27,000         251,631  

Grupo Bimbo S.A.B de C.V. Series A

     10,640         28,735  

Grupo Mexico S.A.B. de C.V. Series B

     177,774         561,711  

Kimberly-Clark de Mexico S.A.B de C.V. Class A

     47,200         126,457  

Wal-Mart de Mexico S.A.B de C.V. Series V

     187,800         445,870  
     

 

 

 
Total Mexico               1,544,367  
Netherlands – 2.8%      

Arcadis N.V.

     1,174         45,168  

ASML Holding N.V.

     2,747         254,536  

Gemalto N.V.

     395         46,024  

Heineken Holding N.V.

     2,746         177,369  

Koninklijke Vopak N.V.

     1,669         93,231  

Unilever N.V.

     27,546         1,132,694  
     

 

 

 
Total Netherlands               1,749,022  
Norway – 0.2%      

Aker Solutions ASA

     8,685         135,271  
Philippines – 0.6%      

Ayala Land, Inc.

     86,900         57,940  

International Container Terminal Services, Inc.

     19,610         47,227  

Jollibee Foods Corp.

     6,690         25,510  

Petron Corp.

     30,600         8,011  

Semirara Mining Corp.

     12,000         109,711  

 

See Notes to Financial Statements.

 

66   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

SM Prime Holdings, Inc.

     217,500       $ 70,810  

Universal Robina Corp.

     22,120         70,042  
     

 

 

 
Total Philippines               389,251  
Portugal – 0.4%      

Galp Energia, SGPS, S.A.

     10,753         185,773  

Jeronimo Martins, SGPS, S.A.

     5,059         84,926  
     

 

 

 
Total Portugal               270,699  
Russia – 5.6%      

Magnit OJSC Reg S GDR

     1,832         100,394  

MegaFon OAO GDR

     27,742         780,937  

MMC Norilsk Nickel OJSC ADR

     105,806         1,759,554  

NovaTek OAO Reg S GDR

     4,061         446,710  

Uralkali OJSC Reg S GDR

     16,535         392,375  
     

 

 

 
Total Russia               3,479,970  
Singapore – 0.9%      

Keppel Land Ltd.

     43,000         114,890  

M1 Ltd.

     35,000         96,577  

SembCorp Marine Ltd.

     50,000         161,027  

Singapore Exchange Ltd.

     29,000         160,041  

Super Group Ltd.

     5,000         13,837  
     

 

 

 
Total Singapore               546,372  
South Africa – 3.7%      

Bidvest Group Ltd.

     6,606         174,862  

Capitec Bank Holdings Ltd.

     2,088         38,612  

Foschini Group Ltd. (The)

     8,135         82,874  

Imperial Holdings Ltd.

     5,311         95,183  

Life Healthcare Group Holdings Ltd.

     25,637         93,867  

Massmart Holdings Ltd.

     2,211         28,904  

Mr. Price Group Ltd.

     5,390         80,666  

MTN Group Ltd.

     62,169         1,274,069  

Shoprite Holdings Ltd.

     4,934         74,682  

Spar Group Ltd. (The)

     3,046         35,192  

Tiger Brands Ltd.

     2,696         69,790  

Truworths International Ltd.

     13,612         99,975  

Woolworths Holdings Ltd.

     18,082         126,152  
     

 

 

 
Total South Africa               2,274,828  
South Korea – 0.4%      

Coway Co., Ltd.

     1,135         79,651  

Kangwon Land, Inc.

     3,550         103,387  

KEPCO Plant Service & Engineering Co., Ltd.

     814         51,847  
     

 

 

 
Total South Korea               234,885  
Spain – 2.4%      

Distribuidora Internacional de Alimentacion S.A.

     5,337         48,783  

Inditex S.A.

     8,802         1,321,104  

Prosegur Cia de Seguridad S.A.

     10,719         68,992  

Viscofan S.A.

     627         32,808  
     

 

 

 
Total Spain               1,471,687  
Sweden – 7.0%      

Atlas Copco AB Class A

     19,801         570,189  

Atlas Copco AB Class B

     10,678         291,837  

Boliden AB

     9,225         140,007  
Investments    Shares      Value  

Elekta AB Class B

     3,095       $ 41,172  

Hennes & Mauritz AB Class B

     47,957         2,041,495  

Scania AB Class B

     9,623         282,298  

SKF AB Class B

     9,484         242,382  

Volvo AB Class A

     14,164         227,854  

Volvo AB Class B

     32,419         514,020  
     

 

 

 
Total Sweden               4,351,254  
Switzerland – 10.4%      

Aryzta AG*

     343         30,326  

Cie Financiere Richemont S.A.

     2,483         237,239  

Geberit AG

     394         129,125  

Partners Group Holding AG

     353         99,264  

Roche Holding AG

     3,635         1,085,336  

Roche Holding AG – Genusschein

     12,476         3,742,729  

Schindler Holding AG

     927         136,319  

Schindler Holding AG Participating Shares

     434         64,018  

Sonova Holding AG*

     657         96,094  

Swatch Group AG (The)

     257         161,180  

Syngenta AG

     1,718         650,170  
     

 

 

 
Total Switzerland               6,431,800  
Taiwan – 3.6%      

Largan Precision Co., Ltd.

     2,000         94,574  

President Chain Store Corp.

     13,000         91,782  

Taiwan Semiconductor Manufacturing Co., Ltd.

     521,000         2,027,370  
     

 

 

 
Total Taiwan               2,213,726  
Thailand – 3.2%      

Advanced Info Service PCL NVDR

     102,245         712,311  

Central Pattana PCL NVDR

     90,450         131,047  

CP ALL PCL

     183,756         246,405  

Home Product Center PCL NVDR

     243,077         73,058  

Indorama Ventures PCL

     192,025         135,554  

Intouch Holdings PCL NVDR

     43,553         103,714  

Jasmine International PCL NVDR

     215,646         52,516  

Minor International PCL NVDR

     185,127         141,527  

Robinson Department Store PCL NVDR

     72,617         118,081  

Siam Cement PCL NVDR

     7,000         90,197  

Thai Union Frozen Products PCL NVDR

     90,230         191,224  
     

 

 

 
Total Thailand               1,995,634  
Turkey – 0.6%      

Anadolu Efes Biracilik ve Malt Sanayii A.S.

     5,557         61,825  

Aselsan Elektronik Sanayi ve Ticaret A.S.

     6,239         25,111  

BIM Birlesik Magazalar A.S.

     3,296         74,265  

Coca-Cola Icecek A.S.

     722         17,382  

Koza Altin Isletmeleri A.S.

     3,518         30,506  

TAV Havalimanlari Holding A.S.

     9,457         76,038  

Turk Hava Yollari

     16,948         52,210  

Ulker Biskuvi Sanayi A.S.

     6,019         42,346  
     

 

 

 
Total Turkey               379,683  
United Kingdom – 15.1%      

Admiral Group PLC

     6,368         151,602  

AMEC PLC

     8,397         157,069  

ARM Holdings PLC

     6,137         102,108  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      67   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Aveva Group PLC

     1,082       $ 37,773  

Berkeley Group Holdings PLC

     630         27,518  

BG Group PLC

     37,368         696,181  

British American Tobacco PLC

     41,139         2,287,649  

Burberry Group PLC

     6,122         142,378  

Capita PLC

     12,483         228,089  

Compass Group PLC

     35,396         539,946  

Croda International PLC

     2,915         123,729  

Diageo PLC

     32,205         999,182  

Dunelm Group PLC

     2,127         33,528  

Fresnillo PLC

     20,179         283,765  

Hargreaves Lansdown PLC

     6,083         147,860  

Hikma Pharmaceuticals PLC

     1,487         41,177  

InterContinental Hotels Group PLC

     4,598         147,715  

Intertek Group PLC

     1,780         91,162  

ITV PLC

     58,315         186,176  

John Wood Group PLC

     3,714         47,491  

Next PLC

     2,486         273,539  

Reckitt Benckiser Group PLC

     11,293         920,082  

Rotork PLC

     996         43,953  

Smiths Group PLC

     8,860         187,887  

Spirax-Sarco Engineering PLC

     1,093         52,661  

TalkTalk Telecom Group PLC

     29,251         156,197  

Taylor Wimpey PLC

     13,718         26,941  

Unilever PLC

     21,335         910,913  

Victrex PLC

     1,854         62,096  

Weir Group PLC (The)

     2,686         113,561  

Whitbread PLC

     2,433         168,818  
     

 

 

 
Total United Kingdom               9,388,746  
TOTAL COMMON STOCKS
(Cost: $55,048,505)
              60,971,146  
EXCHANGE-TRADED FUNDS & NOTES – 1.2%   
United States – 1.2%      

iPath MSCI India Index ETN*

     11,107         673,417  

WisdomTree DEFA Fund(a)

     783         42,807  

WisdomTree Emerging Markets Equity Income Fund(a)

     587         28,804  
     

 

 

 

TOTAL EXCHANGE-TRADED FUNDS & NOTES

(Cost: $655,424)

              745,028  
TOTAL INVESTMENTS IN SECURITIES – 99.5%
(Cost: $55,703,929)
        61,716,174  

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

        295,412  
     

 

 

 
NET ASSETS – 100.0%             $ 62,011,586  

ADR – American Depositary Receipt

ETN – Exchange Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

68   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.5%      
Japan – 98.5%      
Air Freight & Logistics – 0.5%      

Kintetsu World Express, Inc.

     11,783       $ 524,592  

Mitsui-Soko Co., Ltd.

     78,090         312,406  

Shibusawa Warehouse Co., Ltd. (The)

     34,000         127,436  

Yusen Logistics Co., Ltd.

     29,300         370,429  
     

 

 

 
Total Air Freight & Logistics               1,334,863  
Auto Components – 5.2%      

Aisan Industry Co., Ltd.

     30,800         236,866  

Akebono Brake Industry Co., Ltd.

     97,332         436,640  

Calsonic Kansei Corp.

     151,000         702,326  

Daido Metal Co., Ltd.

     35,000         368,403  

Eagle Industry Co., Ltd.

     17,000         262,631  

EXEDY Corp.

     34,425         965,377  

FCC Co., Ltd.

     29,768         530,988  

Keihin Corp.

     45,021         657,490  

Kinugawa Rubber Industrial Co., Ltd.

     38,372         159,472  

KYB Co., Ltd.

     116,400         492,794  

Musashi Seimitsu Industry Co., Ltd.

     19,105         394,214  

Nifco, Inc.

     42,486         1,202,983  

Nissan Shatai Co., Ltd.

     25,437         427,058  

Nissin Kogyo Co., Ltd.

     44,800         837,404  

Pacific Industrial Co., Ltd.

     36,100         242,571  

Press Kogyo Co., Ltd.

     84,000         305,054  

Riken Corp.

     115,687         468,432  

Sanden Corp.

     137,963         616,235  

Sanoh Industrial Co., Ltd.

     34,997         219,528  

Showa Corp.

     52,600         579,195  

Taiho Kogyo Co., Ltd.

     20,700         196,578  

Takata Corp.

     38,100         959,668  

Tokai Rika Co., Ltd.

     49,558         834,428  

Tokai Rubber Industries Ltd.

     67,200         689,716  

Topre Corp.

     36,900         395,568  

Toyo Tire & Rubber Co., Ltd.

     124,682         885,008  

TPR Co., Ltd.

     19,700         301,090  

Unipres Corp.

     23,803         428,748  
     

 

 

 
Total Auto Components               14,796,465   
Banks – 9.8%      

77 Bank Ltd. (The)

     258,000         1,162,422  

Akita Bank Ltd. (The)

     33,466         96,838  

Aomori Bank Ltd. (The)

     50,622         140,091  

Awa Bank Ltd. (The)

     144,378         769,661  

Bank of Iwate Ltd. (The)

     15,000         726,077  

Bank of Nagoya Ltd. (The)

     142,691         558,377  

Bank of Okinawa Ltd. (The)

     14,000         592,028  

Bank of Saga Ltd. (The)

     11,448         24,900  

Bank of the Ryukyus Ltd.

     43,508         580,050  

Chukyo Bank Ltd. (The)

     256,000         449,930  

Daisan Bank Ltd. (The)

     15,083         26,509  

Daishi Bank Ltd. (The)

     345,552         1,271,682  

Ehime Bank Ltd. (The)

     229,144         491,730  

Eighteenth Bank Ltd. (The)

     133,046         291,969  
Investments    Shares      Value  

FIDEA Holdings Co., Ltd.

     54,927       $ 104,003  

Fukui Bank Ltd. (The)

     29,671         73,180  

Higashi-Nippon Bank Ltd. (The)

     322,000         794,174  

Higo Bank Ltd. (The)

     159,000         849,153  

Hokkoku Bank Ltd. (The)

     249,621         875,013  

Hokuetsu Bank Ltd. (The)

     331,003         694,243  

Hyakugo Bank Ltd. (The)

     241,000         992,222  

Hyakujushi Bank Ltd. (The)

     297,000         1,020,906  

Juroku Bank Ltd. (The)

     368,000         1,286,401  

Kagoshima Bank Ltd. (The)

     73,719         468,864  

Keiyo Bank Ltd. (The)

     177,684         759,149  

Kiyo Bank Ltd. (The)

     70,590         906,151  

Michinoku Bank Ltd. (The)

     24,780         51,252  

Mie Bank Ltd. (The)

     11,389         25,546  

Miyazaki Bank Ltd. (The)

     199,000         606,749  

Musashino Bank Ltd. (The)

     19,105         634,453  

Nanto Bank Ltd. (The)

     192,000         725,232  

Nishi-Nippon City Bank Ltd. (The)

     631,000         1,421,489  

North Pacific Bank Ltd.

     87,715         356,873  

Ogaki Kyoritsu Bank Ltd. (The)

     413,423         1,132,061  

Oita Bank Ltd. (The)

     179,000         696,985  

San-In Godo Bank Ltd. (The)

     109,000         738,768  

Senshu Ikeda Holdings, Inc.

     303,440         1,387,777  

Shiga Bank Ltd. (The)

     137,923         749,982  

Shikoku Bank Ltd. (The)

     60,669         124,890  

Tochigi Bank Ltd. (The)

     20,843         88,646  

Toho Bank Ltd. (The)

     230,000         750,401  

Tokyo Tomin Bank Ltd. (The)

     6,643         68,955  

TOMONY Holdings, Inc.

     144,077         600,175  

Towa Bank Ltd. (The)

     355,000         348,157  

Yachiyo Bank Ltd. (The)

     11,900         326,084  

Yamagata Bank Ltd. (The)

     113,000         481,691  

Yamanashi Chuo Bank Ltd. (The)

     139,066         629,264  
     

 

 

 
Total Banks               27,951,153  
Beverages – 0.4%      

Sapporo Holdings Ltd.

     283,992         1,119,588  
Building Products – 2.6%      

Aica Kogyo Co., Ltd.

     41,215         920,069  

Bunka Shutter Co., Ltd.

     37,000         227,421  

Central Glass Co., Ltd.

     189,933         617,833  

Nichias Corp.

     106,827         686,697  

Nichiha Corp.

     23,228         267,725  

Nitto Boseki Co., Ltd.

     117,996         552,256  

Noritz Corp.

     29,200         545,524  

Okabe Co., Ltd.

     30,700         442,681  

Sanwa Holdings Corp.

     162,966         1,058,642  

Sekisui Jushi Corp.

     29,000         394,232  

Takara Standard Co., Ltd.

     105,063         806,961  

Takasago Thermal Engineering Co., Ltd.

     93,772         962,441  
     

 

 

 
Total Building Products               7,482,482  
Capital Markets – 0.8%      

GCA Savvian Corp.

     22,300         192,501  

Ichiyoshi Securities Co., Ltd.

     43,788         586,335  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      69   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

kabu.com Securities Co., Ltd.

     90,500       $ 429,718  

Monex Group, Inc.

     135,394         527,193  

Toyo Securities Co., Ltd.

     113,198         388,007  
     

 

 

 
Total Capital Markets               2,123,754  
Chemicals – 6.8%      

Achilles Corp.

     223,000         309,647  

ADEKA Corp.

     78,725         909,674  

Asahi Organic Chemicals Industry Co., Ltd.

     36,124         81,729  

Chugoku Marine Paints Ltd.

     66,000         469,758  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     68,714         319,600  

Denki Kagaku Kogyo K.K.

     454,000         1,560,577  

Earth Chemical Co., Ltd.

     20,700         754,756  

Fujimi, Inc.

     34,500         431,145  

Fujimori Kogyo Co., Ltd.

     9,000         234,384  

Gun Ei Chemical Industry Co., Ltd.

     32,000         120,251  

JSP Corp.

     22,023         340,658  

Koatsu Gas Kogyo Co., Ltd.

     39,000         215,857  

Konishi Co., Ltd.

     10,000         177,404  

Kumiai Chemical Industry Co., Ltd.

     25,000         159,004  

Kureha Corp.

     191,648         908,134  

Lintec Corp.

     48,265         922,324  

Nihon Nohyaku Co., Ltd.

     30,388         458,837  

Nihon Parkerizing Co., Ltd.

     25,000         579,696  

Nippon Soda Co., Ltd.

     99,091         539,788  

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

     61,860         445,096  

Nippon Valqua Industries Ltd.

     75,688         210,194  

NOF Corp.

     132,000         957,460  

Okamoto Industries, Inc.

     8,436         28,506  

Riken Technos Corp.

     35,000         199,155  

Sakata INX Corp.

     54,000         511,239  

Sanyo Chemical Industries Ltd.

     94,176         604,460  

Shikoku Chemicals Corp.

     26,000         187,833  

Sumitomo Bakelite Co., Ltd.

     212,092         817,600  

Sumitomo Seika Chemicals Co., Ltd.

     73,000         491,227  

Taiyo Holdings Co., Ltd.

     26,791         794,742  

Takasago International Corp.

     36,787         212,896  

Takiron Co., Ltd.

     78,000         321,891  

Toagosei Co., Ltd.

     221,000         948,507  

Tokai Carbon Co., Ltd.

     194,974         662,629  

Tokuyama Corp.

     122,012         400,447  

Toyo Ink SC Holdings Co., Ltd.

     247,512         1,002,209  

Toyobo Co., Ltd.

     656,531         1,032,753  
     

 

 

 
Total Chemicals               19,322,067  
Commercial Services & Supplies – 2.1%      

Aeon Delight Co., Ltd.

     45,300         854,667  

Daiseki Co., Ltd.

     6,907         119,381  

Itoki Corp.

     33,800         213,004  

KOKUYO Co., Ltd.

     100,903         739,737  

Kyodo Printing Co., Ltd.

     85,049         241,145  

Matsuda Sangyo Co., Ltd.

     21,800         263,543  

Moshi Moshi Hotline, Inc.

     101,000         929,728  

NAC Co., Ltd.

     10,900         170,933  
Investments    Shares      Value  

Okamura Corp.

     75,676       $ 664,282  

Sato Holdings Corp.

     22,138         513,977  

Toppan Forms Co., Ltd.

     100,600         938,744  

Uchida Yoko Co., Ltd.

     71,000         200,622  
     

 

 

 
Total Commercial Services & Supplies               5,849,763  
Communications Equipment – 0.3%      

Hitachi Kokusai Electric, Inc.

     60,948         733,258  
Construction & Engineering – 4.0%      

Asunaro Aoki Construction Co., Ltd.

     43,500         248,366  

COMSYS Holdings Corp.

     72,013         1,131,398  

Kandenko Co., Ltd.

     185,138         940,207  

Kitano Construction Corp.

     105,651         264,679  

Kyowa Exeo Corp.

     75,266         969,100  

Kyudenko Corp.

     32,890         263,797  

Maeda Corp.

     93,087         587,528  

Maeda Road Construction Co., Ltd.

     44,694         624,505  

Mirait Holdings Corp.

     16,400         143,959  

Nippo Corp.

     35,358         489,247  

Nippon Densetsu Kogyo Co., Ltd.

     26,000         350,672  

Nippon Koei Co., Ltd.

     68,000         340,050  

Nippon Road Co., Ltd. (The)

     40,291         184,270  

Nippon Steel & Sumikin Texeng Co., Ltd.

     23,296         80,982  

Nishimatsu Construction Co., Ltd.

     180,037         583,894  

Okumura Corp.

     140,853         629,144  

Penta-Ocean Construction Co., Ltd.

     68,093         232,079  

Sumitomo Densetsu Co., Ltd.

     12,600         156,972  

Taikisha Ltd.

     23,565         512,099  

Toda Corp.

     154,549         508,735  

Toenec Corp.

     77,000         423,936  

Tokyo Energy & Systems Inc.

     37,000         179,997  

Toshiba Plant Systems & Services Corp.

     33,000         492,829  

Totetsu Kogyo Co., Ltd.

     15,079         280,100  

Toyo Engineering Corp.

     77,554         356,951  

Yurtec Corp.

     97,000         373,928  
     

 

 

 
Total Construction & Engineering               11,349,424  
Construction Materials – 0.3%      

Sumitomo Osaka Cement Co., Ltd.

     228,404         947,017  
Consumer Finance – 0.1%      

Pocket Card Co., Ltd.

     35,600         196,001  
Containers & Packaging – 1.0%      

Fuji Seal International, Inc.

     20,005         682,794  

Hokkan Holdings Ltd.

     69,000         191,620  

Nihon Yamamura Glass Co., Ltd.

     128,000         226,208  

Pack Corp. (The)

     21,400         409,361  

Rengo Co., Ltd.

     220,000         1,183,473  

Tomoku Co., Ltd.

     74,000         210,535  
     

 

 

 
Total Containers & Packaging               2,903,991  
Distributors – 0.8%      

Arata Corp.

     59,838         197,552  

Chori Co., Ltd.

     24,100         263,032  

Doshisha Co., Ltd.

     32,000         494,053  

Happinet Corp.

     19,100         159,870  

 

See Notes to Financial Statements.

 

70   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Paltac Corp.

     67,057       $ 766,384  

Sankyo Seiko Co., Ltd.

     81,674         297,400  
     

 

 

 
Total Distributors               2,178,291  
Diversified Consumer Services – 0.2%      

Meiko Network Japan Co., Ltd.

     22,786         244,709  

Riso Kyoiku Co., Ltd.

     65,049         161,067  

Studio Alice Co., Ltd.

     18,660         235,730  
     

 

 

 
Total Diversified Consumer Services               641,506  
Electric Utilities – 0.1%      

Okinawa Electric Power Co., Inc. (The)

     10,100         342,764  
Electrical Equipment – 2.1%      

Daihen Corp.

     78,000         311,288  

Denyo Co., Ltd.

     13,700         230,806  

Fujikura Ltd.

     150,715         690,756  

Furukawa Electric Co., Ltd.

     264,000         658,814  

GS Yuasa Corp.

     186,000         987,930  

IDEC Corp.

     41,536         390,011  

Kyosan Electric Manufacturing Co., Ltd.

     76,000         257,552  

Nippon Carbon Co., Ltd.

     127,000         241,705  

Nissin Electric Co., Ltd.

     60,765         313,900  

Nitto Kogyo Corp.

     29,500         620,450  

Sanyo Denki Co., Ltd.

     32,000         207,253  

Tatsuta Electric Wire and Cable Co., Ltd.

     26,320         136,475  

Ushio, Inc.

     77,575         1,003,349  
     

 

 

 
Total Electrical Equipment               6,050,289  
Electronic Equipment, Instruments & Components – 5.4%      

Ai Holdings Corp.

     49,500         874,788  

Amano Corp.

     68,435         708,372  

Azbil Corp.

     71,554         1,770,351  

Canon Electronics, Inc.

     47,100         823,227  

Citizen Holdings Co., Ltd.

     187,200         1,412,384  

CONEXIO Corp.

     55,800         442,130  

Daiwabo Holdings Co., Ltd.

     263,396         460,371  

Elematec Corp.

     17,900         310,428  

Enplas Corp.

     5,389         303,502  

Hakuto Co., Ltd.

     25,134         236,001  

HORIBA Ltd.

     23,200         876,322  

Japan Aviation Electronics Industry Ltd.

     34,000         509,084  

Kaga Electronics Co., Ltd.

     37,100         513,351  

KOA Corp.

     14,847         165,792  

Macnica, Inc.

     11,700         347,075  

Nichicon Corp.

     45,182         358,438  

Nidec Copal Electronics Corp.

     66,100         430,675  

Nippon Signal Co., Ltd. (The)

     35,700         312,334  

Nohmi Bosai Ltd.

     58,791         744,414  

Ohara, Inc.

     20,000         123,319  

OPTEX Co., Ltd.

     11,400         197,260  

Panasonic Industrial Devices SUNX Co., Ltd.

     42,911         185,419  

Ryoden Trading Co., Ltd.

     69,723         475,946  

Ryosan Co., Ltd.

     37,100         784,977  

Sanshin Electronics Co., Ltd.

     37,300         250,272  

SIIX Corp.

     22,800         374,152  
Investments    Shares      Value  

Taiyo Yuden Co., Ltd.

     30,500       $ 377,011  

Tomen Electronics Corp.

     18,019         287,821  

Topcon Corp.

     21,100         346,664  

UKC Holdings Corp.

     11,700         202,337  
     

 

 

 
Total Electronic Equipment, Instruments & Components               15,204,217  
Energy Equipment & Services – 0.4%      

Modec, Inc.

     18,704         474,388  

Shinko Plantech Co., Ltd.

     63,908         495,825  

Toyo Kanetsu K.K.

     100,558         256,802  
     

 

 

 
Total Energy Equipment & Services               1,227,015  
Food & Staples Retailing – 3.8%      

Ain Pharmaciez, Inc.

     8,181         379,320  

Arcs Co., Ltd.

     40,594         793,866  

Belc Co., Ltd.

     18,300         347,928  

Cawachi Ltd.

     18,900         360,070  

CREATE SD HOLDINGS Co., Ltd.

     11,400         386,328  

Heiwado Co., Ltd.

     34,063         479,928  

Izumiya Co., Ltd.

     17,970         90,387  

Kasumi Co., Ltd.

     56,679         384,152  

Kato Sangyo Co., Ltd.

     31,316         667,462  

Maruetsu, Inc. (The)

     98,000         350,187  

Matsumotokiyoshi Holdings Co., Ltd.

     34,300         1,094,096  

Ministop Co., Ltd.

     9,600         155,580  

Mitsubishi Shokuhin Co., Ltd.

     32,800         744,955  

S Foods, Inc.

     39,000         414,293  

San-A Co., Ltd.

     14,300         422,814  

Tsuruha Holdings, Inc.

     9,381         924,573  

UNY Group Holdings Co., Ltd.

     277,600         1,655,061  

Valor Co., Ltd.

     30,991         390,303  

Welcia Holdings Co., Ltd.

     7,700         434,403  

Yokohama Reito Co., Ltd.

     48,228         402,271  
     

 

 

 
Total Food & Staples Retailing               10,877,977  
Food Products – 4.6%      

Ariake Japan Co., Ltd.

     25,928         602,725  

Ezaki Glico Co., Ltd.

     71,726         952,075  

Fuji Oil Co., Ltd.

     57,600         739,401  

Fujicco Co., Ltd.

     34,000         410,370  

Hokuto Corp.

     40,991         854,568  

Itoham Foods, Inc.

     123,000         561,344  

J-Oil Mills, Inc.

     169,981         453,899  

Kagome Co., Ltd.

     45,300         769,332  

Kyokuyo Co., Ltd.

     118,000         300,199  

Marudai Food Co., Ltd.

     172,000         511,065  

Maruha Nichiro Corp.*

     36,532         592,401  

Mitsui Sugar Co., Ltd.

     69,492         265,863  

Morinaga & Co., Ltd.

     336,439         738,314  

Morinaga Milk Industry Co., Ltd.

     268,411         865,295  

Nichirei Corp.

     235,096         995,309  

Nippon Beet Sugar Manufacturing Co., Ltd.

     192,000         372,870  

Nippon Flour Mills Co., Ltd.

     154,766         849,083  

Nisshin Oillio Group Ltd. (The)

     216,477         706,280  

Rock Field Co., Ltd.

     12,200         231,834  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      71   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Sakata Seed Corp.

     30,100       $ 415,031  

Showa Sangyo Co., Ltd.

     175,000         572,656  

Starzen Co., Ltd.

     108,000         289,440  

Yonekyu Corp.

     7,520         58,708  
     

 

 

 
Total Food Products               13,108,062  
Gas Utilities – 0.5%      

Hokkaido Gas Co., Ltd.

     100,000         274,797  

Saibu Gas Co., Ltd.

     356,362         903,146  

Shizuoka Gas Co., Ltd.

     44,392         271,564  
     

 

 

 
Total Gas Utilities               1,449,507   
Health Care Equipment & Supplies – 1.1%      

EIKEN CHEMICAL Co., Ltd.

     12,935         225,202  

Hogy Medical Co., Ltd.

     10,100         517,823  

Mani, Inc.

     7,900         328,319  

Nagaileben Co., Ltd.

     25,926         554,092  

Nihon Kohden Corp.

     21,983         878,381  

Nikkiso Co., Ltd.

     25,000         278,196  

Paramount Bed Holdings Co., Ltd.

     14,021         439,071  
     

 

 

 
Total Health Care Equipment & Supplies               3,221,084  
Health Care Providers & Services – 0.8%      

BML, Inc.

     11,600         436,472  

Nichii Gakkan Co.

     60,000         558,722  

Ship Healthcare Holdings, Inc.

     12,307         473,231  

Toho Holdings Co., Ltd.

     25,600         542,898  

Vital KSK Holdings, Inc.

     41,484         313,794  
     

 

 

 
Total Health Care Providers & Services               2,325,117  
Hotels, Restaurants & Leisure – 2.8%      

Aeon Fantasy Co., Ltd.

     10,300         131,519  

Doutor Nichires Holdings Co., Ltd.

     37,153         655,503  

Fuji Kyuko Co., Ltd.

     27,402         282,308  

Ichibanya Co., Ltd.

     9,018         372,594  

Kyoritsu Maintenance Co., Ltd.

     14,925         504,336  

MOS Food Services, Inc.

     15,000         302,666  

Plenus Co., Ltd.

     45,468         1,059,161  

Resorttrust, Inc.

     68,008         1,054,608  

Round One Corp.

     102,237         877,579  

Saizeriya Co., Ltd.

     28,800         358,235  

St. Marc Holdings Co., Ltd.

     8,859         436,993  

Tokyo Dome Corp.

     60,000         308,783  

Tokyotokeiba Co., Ltd.

     114,424         342,211  

Toridoll.corp.

     20,760         197,753  

WATAMI Co., Ltd.

     24,429         357,474  

Zensho Holdings Co., Ltd.

     71,219         699,154  
     

 

 

 
Total Hotels, Restaurants & Leisure               7,940,877  
Household Durables – 1.9%      

Cleanup Corp.

     35,100         353,096  

Foster Electric Co., Ltd.

     11,100         135,375  

France Bed Holdings Co., Ltd.

     188,000         352,323  

Fujitsu General Ltd.

     51,000         493,237  

Iida Group Holdings Co., Ltd.

     102,670         1,424,629  

JVC KENWOOD Corp.*

     114,700         277,325  

Misawa Homes Co., Ltd.

     14,700         189,415  
Investments    Shares      Value  

PanaHome Corp.

     134,177       $ 923,741  

Pressance Corp.

     7,200         187,088  

Tamron Co., Ltd.

     24,166         573,733  

TOA Corp.

     21,852         222,159  

Token Corp.

     7,670         349,297  
     

 

 

 
Total Household Durables               5,481,418  
Household Products – 0.8%      

Lion Corp.

     208,013         1,234,121  

Pigeon Corp.

     20,894         945,439  
     

 

 

 
Total Household Products               2,179,560   
Industrial Conglomerates – 0.4%      

Nisshinbo Holdings, Inc.

     116,000         993,465  
Internet & Catalog Retail – 0.9%      

ASKUL Corp.

     30,165         951,947  

Belluna Co., Ltd.

     75,584         375,773  

Senshukai Co., Ltd.

     35,876         293,320  

Start Today Co., Ltd.

     40,801         1,047,114  
     

 

 

 
Total Internet & Catalog Retail               2,668,154   
Internet Software & Services – 0.6%      

GMO Internet, Inc.

     72,772         727,119  

Gurunavi, Inc.

     46,200         650,483  

Internet Initiative Japan, Inc.

     11,900         287,837  
     

 

 

 
Total Internet Software & Services               1,665,439   
IT Services – 1.6%      

Ines Corp.

     25,110         173,357  

Information Services International-Dentsu Ltd.

     23,800         290,726  

IT Holdings Corp.

     54,200         891,536  

NEC Networks & System Integration Corp.

     35,679         726,849  

NET One Systems Co., Ltd.

     141,258         961,517  

Nihon Unisys, Ltd.

     58,000         568,258  

NS Solutions Corp.

     44,390         1,008,619  
     

 

 

 
Total IT Services               4,620,862   
Leisure Products – 0.9%      

Daikoku Denki Co., Ltd.

     22,300         482,443  

Dunlop Sports Co., Ltd.

     40,986         498,271  

Mars Engineering Corp.

     26,000         490,537  

Mizuno Corp.

     111,616         629,693  

TOMY Co., Ltd.

     100,377         465,895  
     

 

 

 
Total Leisure Products               2,566,839   
Life Sciences Tools & Services – 0.1%      

CMIC Holdings Co., Ltd.

     12,239         205,122  
Machinery – 7.2%      

Aida Engineering Ltd.

     66,900         637,916  

Anest Iwata Corp.

     37,000         233,529  

Asahi Diamond Industrial Co., Ltd.

     54,100         689,744  

Bando Chemical Industries Ltd.

     74,787         307,906  

Chugai Ro Co., Ltd.

     80,000         180,997  

CKD Corp.

     30,641         292,768  

Daifuku Co., Ltd.

     61,704         764,522  

Fujitec Co., Ltd.

     61,561         835,080  

Furukawa Co., Ltd.

     147,000         265,495  

 

See Notes to Financial Statements.

 

72   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Hitachi Koki Co., Ltd.

     126,627       $ 994,720  

Hitachi Zosen Corp.

     69,160         330,404  

Iseki & Co., Ltd.

     75,000         198,815  

Kitz Corp.

     57,189         280,434  

Kyokuto Kaihatsu Kogyo Co., Ltd.

     23,780         343,821  

Makino Milling Machine Co., Ltd.

     45,578         321,748  

Meidensha Corp.

     110,000         488,130  

Minebea Co., Ltd.

     241,000         2,148,255  

Mitsuboshi Belting Co., Ltd.

     31,092         176,314  

Mitsui Engineering & Shipbuilding Co., Ltd.

     397,404         841,230  

Miura Co., Ltd.

     24,724         682,050  

Morita Holdings Corp.

     34,705         296,889  

Nachi-Fujikoshi Corp.

     111,000         732,922  

Nippon Sharyo Ltd.

     74,438         309,360  

Nippon Thompson Co., Ltd.

     64,051         314,082  

Nitta Corp.

     15,100         282,103  

Noritake Co., Ltd.

     120,389         305,108  

Obara Group, Inc.

     9,779         367,003  

Oiles Corp.

     23,193         497,033  

OKUMA Corp.

     71,852         581,877  

Organo Corp.

     4,465         20,811  

OSG Corp.

     47,200         820,391  

Ryobi Ltd.

     135,000         412,924  

Shinmaywa Industries Ltd.

     60,685         555,084  

Sintokogio, Ltd.

     30,800         235,968  

Sodick Co., Ltd.

     46,100         173,684  

Star Micronics Co., Ltd.

     48,434         585,055  

Tadano Ltd.

     30,000         390,931  

Tocalo Co., Ltd.

     15,500         245,929  

Torishima Pump Manufacturing Co., Ltd.

     23,700         292,956  

Toshiba Machine Co., Ltd.

     91,806         435,028  

Tsubakimoto Chain Co.

     92,228         660,914  

Tsugami Corp.

     65,000         389,426  

Tsukishima Kikai Co., Ltd.

     19,000         213,089  

Union Tool Co.

     14,900         341,448  
     

 

 

 
Total Machinery               20,473,893  
Marine – 0.4%      

Japan Transcity Corp.

     76,000         234,675  

Kawasaki Kisen Kaisha Ltd.

     349,000         755,712  
     

 

 

 
Total Marine               990,387  
Media – 1.2%      

Asatsu-DK, Inc.

     13,539         280,416  

Avex Group Holdings, Inc.

     30,499         536,920  

CyberAgent, Inc.

     38,518         1,477,362  

Gakken Holdings Co., Ltd.

     37,789         105,311  

Kadokawa Corp.

     13,400         430,033  

Toei Co., Ltd.

     66,313         399,224  

Zenrin Co., Ltd.

     24,387         246,747  
     

 

 

 
Total Media               3,476,013   
Metals & Mining – 2.2%      

Aichi Steel Corp.

     148,480         585,356  

Asahi Holdings, Inc.

     47,000         764,432  

Kurimoto Ltd.

     73,000         161,616  
Investments    Shares      Value  

Kyoei Steel Ltd.

     21,414       $ 380,518  

Mitsui Mining & Smelting Co., Ltd.

     260,000         600,864  

Neturen Co., Ltd.

     33,200         212,124  

Nippon Denko Co., Ltd.

     52,641         140,567  

Nisshin Steel Holdings Co., Ltd.

     29,928         256,604  

Nittetsu Mining Co., Ltd.

     73,000         286,372  

OSAKA Titanium Technologies Co.

     14,800         256,954  

Toho Zinc Co., Ltd.

     98,967         300,788  

Topy Industries Ltd.

     190,000         335,777  

Toyo Kohan Co., Ltd.

     88,905         436,820  

UACJ Corp.

     394,632         1,632,405  
     

 

 

 
Total Metals & Mining               6,351,197   
Multiline Retail – 1.0%      

Fuji Co., Ltd.

     17,700         326,209  

H2O Retailing Corp.

     108,000         863,077  

Izumi Co., Ltd.

     40,000         1,184,639  

Parco Co., Ltd.

     64,027         546,485  
     

 

 

 
Total Multiline Retail               2,920,410   
Oil, Gas & Consumable Fuels – 0.8%      

Itochu Enex Co., Ltd.

     143,581         826,757  

Nippon Coke & Engineering Co., Ltd.

     285,473         343,726  

Nippon Gas Co., Ltd.

     21,800         333,186  

San-Ai Oil Co., Ltd.

     60,916         373,830  

Sinanen Co., Ltd.

     131,771         505,409  
     

 

 

 
Total Oil, Gas & Consumable Fuels               2,382,908   
Paper & Forest Products – 0.7%      

Daiken Corp.

     100,560         274,383  

Daio Paper Corp.

     38,478         462,924  

Hokuetsu Kishu Paper Co., Ltd.

     190,632         958,852  

Tokushu Tokai Paper Co., Ltd.

     143,000         319,367  
     

 

 

 
Total Paper & Forest Products               2,015,526   
Personal Products – 1.0%      

Kose Corp.

     34,204         1,125,907  

Mandom Corp.

     17,653         639,372  

Pola Orbis Holdings, Inc.

     27,706         1,104,366  
     

 

 

 
Total Personal Products               2,869,645   
Pharmaceuticals – 2.5%      

Fuji Pharma Co., Ltd.

     9,400         184,650  

Fuso Pharmaceutical Industries Ltd.

     6,911         24,427  

Kaken Pharmaceutical Co., Ltd.

     99,261         1,572,986  

KYORIN Holdings, Inc.

     53,585         1,025,548  

Mochida Pharmaceutical Co., Ltd.

     17,611         1,263,731  

Nichi-iko Pharmaceutical Co., Ltd.

     21,400         330,398  

Nippon Shinyaku Co., Ltd.

     28,000         532,077  

Sawai Pharmaceutical Co., Ltd.

     17,724         1,089,410  

Towa Pharmaceutical Co., Ltd.

     11,000         475,846  

ZERIA Pharmaceutical Co., Ltd.

     28,600         582,081  
     

 

 

 
Total Pharmaceuticals               7,081,154   
Professional Services – 0.8%      

Meitec Corp.

     46,400         1,320,115  

Nihon M&A Center, Inc.

     9,816         263,450  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      73   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Nomura Co., Ltd.

     29,000       $ 226,683  

Temp Holdings Co., Ltd.

     18,200         483,872  
     

 

 

 
Total Professional Services               2,294,120   
Real Estate Management & Development – 1.0%      

Airport Facilities Co., Ltd.

     59,219         438,169  

Daikyo, Inc.

     175,000         351,750  

Heiwa Real Estate Co., Ltd.

     22,768         364,341  

Jowa Holdings Co., Ltd.

     18,200         601,748  

Relo Holdings, Inc.

     11,846         647,599  

Tokyu Fudosan Holdings Corp.

     56,800         424,683  
     

 

 

 
Total Real Estate Management & Development               2,828,290   
Road & Rail – 2.6%      

Fukuyama Transporting Co., Ltd.

     157,059         945,542  

Hitachi Transport System Ltd.

     54,000         878,808  

Ichinen Holdings Co., Ltd.

     25,200         191,352  

Maruzen Showa Unyu Co., Ltd.

     85,000         287,226  

Nippon Konpo Unyu Soko Co., Ltd.

     55,560         981,343  

Nishi-Nippon Railroad Co., Ltd.

     220,000         833,131  

Sankyu, Inc.

     241,532         907,636  

Seino Holdings Co., Ltd.

     89,560         854,857  

Senko Co., Ltd.

     120,156         522,696  

Sotetsu Holdings, Inc.

     268,000         983,677  
     

 

 

 
Total Road & Rail               7,386,268   
Semiconductors & Semiconductor Equipment – 0.8%      

Axell Corp.

     22,600         370,869  

Lasertec Corp.

     14,900         168,119  

MegaChips Corp.

     21,000         246,735  

Mimasu Semiconductor Industry Co., Ltd.

     25,027         223,332  

Sanken Electric Co., Ltd.

     82,000         581,250  

Shinko Electric Industries Co., Ltd.

     87,253         631,194  

Tokyo Seimitsu Co., Ltd.

     9,900         174,669  
     

 

 

 
Total Semiconductors & Semiconductor Equipment         2,396,168  
Software – 1.5%      

Capcom Co., Ltd.

     70,413         1,338,726  

DTS Corp.

     20,691         362,848  

Fuji Soft, Inc.

     11,556         246,526  

Square Enix Holdings Co., Ltd.

     94,300         1,945,793  

Systena Corp.

     41,400         298,686  
     

 

 

 
Total Software               4,192,579  
Specialty Retail – 4.3%      

Adastria Holdings Co., Ltd.

     20,519         512,851  

Alpen Co., Ltd.

     30,721         556,042  

AOKI Holdings, Inc.

     53,454         760,922  

Arcland Sakamoto Co., Ltd.

     15,208         290,176  

Chiyoda Co., Ltd.

     34,991         760,061  

DCM Holdings Co., Ltd.

     135,645         908,822  

EDION Corp.

     116,439         650,118  

Gulliver International Co., Ltd.

     66,260         515,359  

Honeys Co., Ltd.

     26,940         261,330  

Joshin Denki Co., Ltd.

     40,000         320,435  

Keiyo Co., Ltd.

     59,220         269,117  

Kohnan Shoji Co., Ltd.

     37,600         381,531  
Investments    Shares      Value  

Komeri Co., Ltd.

     28,737       $ 783,267  

Konaka Co., Ltd.

     29,500         205,384  

K’s Holdings Corp.

     37,674         1,049,538  

Kyoto Kimono Yuzen Co., Ltd.

     6,300         61,969  

Pal Co., Ltd.

     13,300         256,095  

Right On Co., Ltd.

     31,000         208,001  

Shimachu Co., Ltd.

     43,564         951,779  

T-Gaia Corp.

     98,000         885,935  

United Arrows Ltd.

     21,129         783,733  

Xebio Co., Ltd.

     30,189         526,186  

Yellow Hat Ltd.

     13,700         274,306  
     

 

 

 
Total Specialty Retail               12,172,957   
Technology Hardware, Storage & Peripherals – 0.8%      

Melco Holdings, Inc.

     25,862         380,704  

Riso Kagaku Corp.

     19,696         488,264  

Roland DG Corp.

     8,300         329,228  

Toshiba TEC Corp.

     162,655         927,111  
     

 

 

 
Total Technology Hardware, Storage & Peripherals         2,125,307   
Textiles, Apparel & Luxury Goods – 2.2%      

Descente Ltd.

     42,153         332,361  

Fujibo Holdings, Inc.

     100,000         263,145  

Gunze Ltd.

     84,834         225,708  

Japan Vilene Co., Ltd.

     69,000         391,280  

Japan Wool Textile Co., Ltd. (The)

     71,025         551,731  

Kurabo Industries Ltd.

     198,766         358,989  

Onward Holdings Co., Ltd.

     187,433         1,301,302  

Sanyo Shokai Ltd.

     153,260         447,942  

Seiko Holdings Corp.

     37,000         147,662  

Seiren Co., Ltd.

     47,111         388,379  

Wacoal Holdings Corp.

     146,000         1,492,819  

Yondoshi Holdings, Inc.

     14,200         244,469  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               6,145,787   
Trading Companies & Distributors – 3.3%      

Daiichi Jitsugyo Co., Ltd.

     44,000         196,106  

Hanwa Co., Ltd.

     222,114         862,704  

Inaba Denki Sangyo Co., Ltd.

     31,594         1,018,518  

Inabata & Co., Ltd.

     66,941         683,808  

Iwatani Corp.

     177,166         1,159,488  

Japan Pulp & Paper Co., Ltd.

     142,578         484,559  

Kamei Corp.

     29,500         220,853  

Kanamoto Co., Ltd.

     10,228         299,933  

Kuroda Electric Co., Ltd.

     25,765         418,054  

Mitani Corp.

     14,800         330,534  

Mitsui Matsushima Co., Ltd.

     128,016         197,646  

Nagase & Co., Ltd.

     91,004         1,126,670  

Nippon Steel & Sumikin Bussan Corp.

     134,000         430,684  

Onoken Co., Ltd.

     15,100         181,080  

Shinsho Corp.

     111,000         227,422  

Trusco Nakayama Corp.

     21,300         492,660  

Yamazen Corp.

     79,106         523,097  

Yuasa Trading Co., Ltd.

     252,000         516,308  
     

 

 

 
Total Trading Companies & Distributors               9,370,124  

 

See Notes to Financial Statements.

 

74   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Transportation Infrastructure – 0.5%      

Japan Airport Terminal Co., Ltd.

     19,700       $ 512,849  

Nissin Corp.

     93,000         265,495  

Sumitomo Warehouse Co., Ltd. (The)

     115,538         564,311  
     

 

 

 
Total Transportation Infrastructure               1,342,655  
TOTAL COMMON STOCKS
(Cost: $260,573,355)
              279,872,779   
EXCHANGE-TRADED FUNDS – 0.5%   
WisdomTree Japan Hedged Equity Fund(a)
(Cost: $1,417,629)
     31,045         1,469,670  
TOTAL INVESTMENTS IN SECURITIES – 99.0%
(Cost: $261,990,984)
        281,342,449   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 1.0%

        2,763,571  
     

 

 

 
NET ASSETS – 100.0%             $ 284,106,020   
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      75   


Table of Contents

Schedule of Investments

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 97.0%   
Australia – 23.8%   

AGL Energy Ltd.

     497       $ 6,993  

Amcor Ltd.

     16,599         159,848  

AMP Ltd.

     6,806         31,415  

Aurizon Holdings Ltd.

     8,957         42,671  

Australia & New Zealand Banking Group Ltd.

     28,817         883,001  

BHP Billiton Ltd.

     55,273         1,868,351  

Brambles Ltd.

     22,072         189,436  

Caltex Australia Ltd.

     3,264         66,828  

Coca-Cola Amatil Ltd.

     7,767         79,403  

Commonwealth Bank of Australia

     18,134         1,301,573  

Computershare Ltd.

     6,518         73,099  

Crown Resorts Ltd.

     10,783         166,204  

CSL Ltd.

     2,907         187,419  

Insurance Australia Group Ltd.

     18,893         97,536  

Leighton Holdings Ltd.

     6,800         133,048  

Macquarie Group Ltd.

     2,438         130,902  

National Australia Bank Ltd.

     25,288         831,118  

Origin Energy Ltd.

     16,139         213,756  

QBE Insurance Group Ltd.

     2,552         30,323  

Ramsay Health Care Ltd.

     153         6,825  

Rio Tinto Ltd.

     7,416         436,812  

Santos Ltd.

     13,348         167,017  

Sonic Healthcare Ltd.

     5,498         88,005  

Suncorp Group Ltd.

     13,769         164,244  

Sydney Airport

     39,852         154,765  

Telstra Corp., Ltd.

     351,364         1,654,362  

Wesfarmers Ltd.

     26,585         1,014,934  

Westpac Banking Corp.

     37,826         1,211,640  

Woodside Petroleum Ltd.

     12,445         450,082  

Woolworths Ltd.

     20,639         683,297  
     

 

 

 
Total Australia               12,524,907   
China – 11.0%   

Agricultural Bank of China Ltd. Class H

     213,000         92,811  

Bank of China Ltd. Class H

     691,100         306,480  

Bank of Communications Co., Ltd. Class H

     153,955         100,625  

China CITIC Bank Corp., Ltd. Class H

     88,500         50,998  

China Construction Bank Corp. Class H

     2,805,100         1,963,594  

China Life Insurance Co., Ltd. Class H

     26,191         74,112  

China Longyuan Power Group Corp. Class H

     66,800         67,256  

China Merchants Bank Co., Ltd. Class H

     71,029         128,743  

China Minsheng Banking Corp., Ltd. Class H

     47,467         47,607  

China National Building Material Co., Ltd. Class H

     83,100         83,346  

China Pacific Insurance (Group) Co., Ltd. Class H

     16,671         59,531  

China Petroleum & Chemical Corp. Class H

     837,020         748,857  

China Shenhua Energy Co., Ltd. Class H

     70,400         203,294  

China Telecom Corp., Ltd. Class H

     689,800         319,243  

Dongfeng Motor Group Co., Ltd. Class H

     100,000         141,549  

Great Wall Motor Co., Ltd. Class H

     7,000         35,104  

Guangzhou R&F Properties Co., Ltd. Class H

     47,900         69,037  

Industrial & Commercial Bank of China, Ltd. Class H

     884,900         544,147  
Investments    Shares      Value  

PetroChina Co., Ltd. Class H

     526,000       $ 572,988  

PICC Property & Casualty Co., Ltd. Class H

     98,966         135,492  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     32,000         36,467  

Sinopharm Group Co., Ltd. Class H

     10,300         28,216  
     

 

 

 
Total China               5,809,497   
Hong Kong – 19.0%   

AIA Group Ltd.

     33,525         159,045  

Bank of East Asia Ltd.

     12,938         50,538  

Beijing Enterprises Holdings Ltd.

     10,000         89,596  

BOC Hong Kong Holdings Ltd.

     116,389         331,595  

Cathay Pacific Airways Ltd.

     40,000         74,564  

Cheung Kong Holdings Ltd.

     15,277         253,269  

China Merchants Holdings International Co., Ltd.

     32,592         111,973  

China Mobile Ltd.

     415,030         3,798,755  

China Overseas Land & Investment Ltd.

     33,065         85,678  

China Resources Power Holdings Co., Ltd.

     48,218         125,564  

China Unicom Hong Kong Ltd.

     177,948         233,990  

CLP Holdings Ltd.

     51,366         387,378  

CNOOC Ltd.

     783,262         1,177,359  

Fosun International Ltd.

     129,500         162,771  

Guangdong Investment Ltd.

     112,000         106,989  

Hang Lung Group Ltd.

     8,000         40,273  

Hang Lung Properties Ltd.

     14,000         40,247  

Hang Seng Bank Ltd.

     10,303         164,034  

Henderson Land Development Co., Ltd.

     17,700         103,251  

HKT Trust and HKT Ltd.

     152,677         161,002  

Hong Kong & China Gas Co., Ltd.

     79,473         173,350  

Hutchison Whampoa Ltd.

     56,027         741,773  

Hysan Development Co., Ltd.

     8,000         34,807  

Lenovo Group Ltd.

     62,000         68,498  

MTR Corp., Ltd.

     78,265         289,570  

New World Development Co., Ltd.

     8,557         8,604  

Power Assets Holdings Ltd.

     35,579         308,453  

Sino Land Co., Ltd.

     72,924         107,171  

SJM Holdings Ltd.

     80,276         225,603  

Sun Art Retail Group Ltd.

     81,500         102,439  

Sun Hung Kai Properties Ltd.

     7,534         92,268  

Swire Properties Ltd.

     20,600         58,690  

Techtronic Industries Co., Ltd.

     5,500         15,315  

Wharf Holdings Ltd.

     14,350         91,757  

Wheelock & Co., Ltd.

     8,000         31,249  
     

 

 

 
Total Hong Kong               10,007,418   
India – 0.3%   

Infosys Ltd. ADR

     2,639         142,981  
Indonesia – 3.8%   

PT Astra International Tbk

     588,461         382,033  

PT Bank Central Asia Tbk

     131,500         122,702  

PT Bank Danamon Indonesia TbK

     37,685         14,430  

PT Bank Mandiri Persero Tbk

     171,300         142,499  

PT Bank Rakyat Indonesia Persero Tbk*

     147,500         124,323  

PT Charoen Pokphand Indonesia Tbk

     43,953         15,457  

PT Gudang Garam Tbk

     14,800         64,359  

 

See Notes to Financial Statements.

 

76   WisdomTree International Dividend and Sector Funds


Table of Contents

 

Schedule of Investments (continued)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

PT Indocement Tunggal Prakarsa Tbk

     36,000       $ 74,076  

PT Indofood CBP Sukses Makmur Tbk

     29,500         26,228  

PT Indofood Sukses Makmur Tbk

     111,500         71,651  

PT Kalbe Farma Tbk

     256,000         33,014  

PT Perusahaan Gas Negara Persero Tbk

     459,400         207,256  

PT Semen Indonesia Persero Tbk

     111,300         154,801  

PT Telekomunikasi Indonesia Persero Tbk

     1,665,000         324,646  

PT Unilever Indonesia Tbk

     84,500         217,573  
     

 

 

 
Total Indonesia               1,975,048   
Malaysia – 6.9%   

AMMB Holdings Bhd

     33,900         74,537  

Astro Malaysia Holdings Bhd

     5,500         5,390  

Axiata Group Bhd

     111,400         227,542  

British American Tobacco Malaysia Bhd

     6,600         119,489  

CIMB Group Holdings Bhd

     29,700         65,030  

DiGi.Com Bhd

     147,400         243,297  

Felda Global Ventures Holdings Bhd

     53,500         76,183  

Genting Bhd

     16,700         51,141  

Genting Malaysia Bhd

     82,800         106,495  

IOI Corp. Bhd

     100,400         147,579  

Kuala Lumpur Kepong Bhd

     4,800         35,572  

Malayan Banking Bhd

     133,100         394,552  

Maxis Bhd

     205,300         437,571  

Nestle (Malaysia) Bhd

     3,300         67,385  

Petronas Chemicals Group Bhd

     150,200         317,833  

Petronas Dagangan Bhd

     20,600         193,667  

Petronas Gas Bhd

     21,800         158,885  

PPB Group Bhd

     15,800         80,415  

Public Bank Bhd

     29,500         173,088  

Sime Darby Bhd

     80,400         229,222  

Telekom Malaysia Bhd

     50,300         90,726  

Tenaga Nasional Bhd

     75,300         275,789  

YTL Corp. Bhd

     157,500         73,794  
     

 

 

 
Total Malaysia               3,645,182   
Philippines – 1.8%   

Aboitiz Equity Ventures, Inc.

     85,860         107,217  

Aboitiz Power Corp.

     129,800         107,672  

Alliance Global Group, Inc.

     78,700         50,016  

Globe Telecom, Inc.

     2,695         100,000  

JG Summit Holdings, Inc.

     22,199         24,503  

Manila Electric Co.

     19,080         120,832  

Philippine Long Distance Telephone Co.

     4,745         288,858  

SM Investments Corp.

     5,886         92,533  

Universal Robina Corp.

     17,330         54,875  
     

 

 

 
Total Philippines               946,506  
Singapore – 6.3%   

City Developments Ltd.

     5,000         40,158  

DBS Group Holdings Ltd.

     23,017         295,960  

Hutchison Port Holdings Trust Class U

     368,995         239,847  

Jardine Cycle & Carriage Ltd.

     6,676         240,645  

Keppel Corp., Ltd.

     41,235         357,083  

Oversea-Chinese Banking Corp., Ltd.

     23,517         177,843  
Investments    Shares      Value  

Sembcorp Industries Ltd.

     40,116       $ 175,132  

SembCorp Marine Ltd.

     39,757         128,039  

Singapore Airlines Ltd.

     557         4,637  

Singapore Exchange Ltd.

     1,869         10,314  

Singapore Press Holdings Ltd.

     42,000         140,273  

Singapore Technologies Engineering Ltd.

     58,625         178,082  

Singapore Telecommunications Ltd.

     362,577         1,052,369  

StarHub Ltd.

     46,000         153,632  

United Overseas Bank Ltd.

     7,574         130,394  
     

 

 

 
Total Singapore               3,324,408   
South Korea – 6.5%   

E-Mart Co., Ltd.

     343         78,625  

Hana Financial Group, Inc.

     1,350         49,335  

Hanwha Life Insurance Co., Ltd.

     11,820         77,508  

Hyundai Glovis Co., Ltd.

     334         75,777  

Hyundai Mobis

     479         141,749  

Hyundai Motor Co.

     1,195         281,784  

Hyundai Steel Co.

     1,887         121,965  

Industrial Bank of Korea

     180         2,283  

Kangwon Land, Inc.

     3,800         110,667  

KB Financial Group, Inc.

     72         2,520  

Kia Motors Corp.

     2,942         163,897  

Korea Zinc Co., Ltd.

     357         110,845  

KT Corp. ADR

     12,435         172,722  

KT Corp.

     800         22,209  

KT&G Corp.

     2,214         166,396  

LG Chem Ltd.

     327         78,029  

LG Corp.

     751         40,850  

LG Electronics, Inc.

     526         32,070  

LG Household & Health Care Ltd.

     48         20,721  

Lotte Shopping Co., Ltd.

     35         11,015  

NAVER Corp.

     24         17,451  

POSCO

     689         191,596  

Samsung Electro-Mechanics Co., Ltd.

     507         33,008  

Samsung Electronics Co., Ltd.

     373         470,608  

Samsung Fire & Marine Insurance Co., Ltd.

     263         59,175  

Samsung Heavy Industries Co., Ltd.

     3,020         90,363  

Samsung Life Insurance Co., Ltd.

     1,063         100,363  

Samsung SDI Co., Ltd.

     12         1,815  

Shinhan Financial Group Co., Ltd.

     74         3,267  

SK Holdings Co., Ltd.

     567         102,805  

SK Innovation Co., Ltd.

     572         65,559  

SK Telecom Co., Ltd. ADR

     13,533         305,440  

SK Telecom Co., Ltd.

     471         95,355  

S-Oil Corp.

     1,126         65,162  

Woori Finance Holdings Co., Ltd.*

     6,080         69,114  
     

 

 

 
Total South Korea               3,432,048   
Taiwan – 12.2%   

Advanced Semiconductor Engineering, Inc.

     55,175         61,240  

Asustek Computer, Inc.

     14,740         145,936  

Cathay Financial Holding Co., Ltd.

     15,919         23,210  

Cheng Shin Rubber Industry Co., Ltd.

     39,948         113,997  

China Steel Corp.

     126,469         106,524  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      77   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Chunghwa Telecom Co., Ltd.

     198,000       $ 609,231  

CTBC Financial Holding Co., Ltd.

     56,250         35,188  

Delta Electronics, Inc.

     45,000         277,810  

Far Eastern New Century Corp.

     81,707         86,798  

Far EasTone Telecommunications Co., Ltd.

     53,000         112,257  

First Financial Holding Co., Ltd.

     42,705         25,382  

Formosa Chemicals & Fibre Corp.

     119,830         289,615  

Formosa Petrochemical Corp.

     90,000         229,045  

Formosa Plastics Corp.

     135,840         339,907  

Fubon Financial Holding Co., Ltd.

     72,803         98,736  

Hon Hai Precision Industry Co., Ltd.

     119,865         339,688  

HTC Corp.

     63,450         318,787  

Hua Nan Financial Holdings Co., Ltd.

     21,460         12,156  

MediaTek, Inc.

     16,000         236,171  

Mega Financial Holding Co., Ltd.

     41,516         32,174  

Nan Ya Plastics Corp.

     165,230         349,966  

President Chain Store Corp.

     18,000         127,083  

Quanta Computer, Inc.

     120,000         323,126  

Taiwan Cement Corp.

     135,000         208,357  

Taiwan Mobile Co., Ltd.

     71,100         222,738  

Taiwan Semiconductor Manufacturing Co., Ltd.

     356,000         1,385,305  

Uni-President Enterprises Corp.

     64,773         112,732  

United Microelectronics Corp.

     327,000         137,984  

Yuanta Financial Holding Co., Ltd.

     56,000         28,227  
     

 

 

 
Total Taiwan               6,389,370   
Thailand – 5.4%   

Advanced Info Service PCL

     63,100         439,599  

Airports of Thailand PCL NVDR

     9,584         57,315  

Bangkok Bank PCL NVDR

     16,700         91,891  

Central Pattana PCL NVDR

     19,078         27,641  

Charoen Pokphand Foods PCL

     264,500         228,298  

CP ALL PCL

     74,300         99,632  

PTT Exploration & Production PCL

     97,613         472,418  

PTT Global Chemical PCL

     149,394         332,729  

PTT PCL

     44,800         412,922  

Shin Corp. PCL NVDR

     58,285         138,795  

Siam Cement PCL NVDR

     19,971         257,333  

Siam Commercial Bank PCL

     21,500         104,385  

Total Access Communication PCL NVDR

     47,982         172,315  
     

 

 

 
Total Thailand               2,835,273   
TOTAL COMMON STOCKS
(Cost: $46,812,914)
              51,032,638  
EXCHANGE-TRADED NOTE – 2.5%   
United States – 2.5%   
iPath MSCI India Index ETN*
(Cost: $1,149,898)
     21,553         1,306,758  
RIGHTS – 0.0%      
Hong Kong – 0.0%   

New World Development Co., Ltd., expiring 5/17/2014*

     
(Cost: $0)      2,852       $ 588  
TOTAL INVESTMENTS IN SECURITIES – 99.5%
(Cost: $47,962,812)
        52,339,984   

Foreign Currency and Other Assets in Excess of Liabilities – 0.5%

        238,655  
     

 

 

 
NET ASSETS – 100.0%             $ 52,578,639   

ADR – American Depositary Receipt

ETN – Exchange Traded Note

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

See Notes to Financial Statements.

 

78   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Australia Dividend Fund (AUSE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.0%      
Australia – 99.0%      
Air Freight & Logistics – 2.2%      

Toll Holdings Ltd.

     252,036       $ 1,214,718  
Banks – 12.1%      

Australia & New Zealand Banking Group Ltd.

     51,766         1,586,197  

Commonwealth Bank of Australia

     21,510         1,543,886  

National Australia Bank Ltd.

     54,810         1,801,391  

Westpac Banking Corp.

     54,348         1,740,872  
     

 

 

 
Total Banks               6,672,346   
Beverages – 1.9%      

Coca-Cola Amatil Ltd.

     79,329         810,993  

Treasury Wine Estates Ltd.

     73,534         240,587  
     

 

 

 
Total Beverages               1,051,580   
Biotechnology – 0.6%      

CSL Ltd.

     4,819         310,689  
Capital Markets – 2.0%      

Macquarie Group Ltd.

     21,012         1,128,185  
Chemicals – 5.2%      

DuluxGroup Ltd.

     199,439         1,059,191  

Incitec Pivot Ltd.

     350,023         960,280  

Orica Ltd.

     40,549         822,313  
     

 

 

 
Total Chemicals               2,841,784   
Commercial Services & Supplies – 5.1%      

Brambles Ltd.

     61,475         527,617  

Downer EDI Ltd.

     169,566         788,955  

Mineral Resources Ltd.

     139,855         1,488,091  
     

 

 

 
Total Commercial Services & Supplies               2,804,663   
Construction & Engineering – 2.0%      

Leighton Holdings Ltd.

     55,632         1,088,485  
Construction Materials – 3.3%      

Adelaide Brighton Ltd.

     344,490         1,280,356  

Boral Ltd.

     105,137         550,571  
     

 

 

 
Total Construction Materials               1,830,927   
Containers & Packaging – 1.2%      

Amcor Ltd.

     66,519         640,576  
Diversified Consumer Services – 1.7%      

Navitas Ltd.

     136,815         925,691  
Diversified Telecommunication Services – 4.1%      

Telstra Corp., Ltd.

     313,791         1,477,453  

TPG Telecom Ltd.

     130,575         804,806  
     

 

 

 
Total Diversified Telecommunication Services               2,282,259   
Energy Equipment & Services – 1.3%      

WorleyParsons Ltd.

     51,862         727,754  
Food & Staples Retailing – 7.5%      

Metcash Ltd.

     464,768         1,128,618  

Wesfarmers Ltd.

     53,770         2,052,775  

Woolworths Ltd.

     29,669         982,254  
     

 

 

 
Total Food & Staples Retailing               4,163,647   
Investments    Shares      Value  
     
Food Products – 0.7%      

GrainCorp Ltd. Class A

     52,000       $ 405,812  
Gas Utilities – 0.9%      

Envestra Ltd.

     496,696         517,908  
Health Care Equipment & Supplies – 1.9%      

Ansell Ltd.

     20,363         347,460  

Cochlear Ltd.

     12,958         684,577  
     

 

 

 
Total Health Care Equipment & Supplies               1,032,037   
Health Care Providers & Services – 3.8%      

Primary Health Care Ltd.

     124,171         542,064  

Ramsay Health Care Ltd.

     12,838         572,694  

Sonic Healthcare Ltd.

     59,744         956,305  
     

 

 

 
Total Health Care Providers & Services               2,071,063   
Hotels, Restaurants & Leisure – 9.5%      

Aristocrat Leisure Ltd.

     89,131         444,448  

Crown Resorts Ltd.

     47,348         729,799  

Echo Entertainment Group Ltd.

     108,434         246,230  

Flight Centre Travel Group Ltd.

     18,499         899,983  

TABCORP Holdings Ltd.

     507,180         1,602,972  

Tatts Group Ltd.

     481,700         1,294,745  
     

 

 

 
Total Hotels, Restaurants & Leisure               5,218,177   
Insurance – 6.2%      

AMP Ltd.

     216,504         999,321  

Insurance Australia Group Ltd.

     196,657         1,015,253  

QBE Insurance Group Ltd.

     41,330         491,092  

Suncorp Group Ltd.

     78,994         942,285  
     

 

 

 
Total Insurance               3,447,951   
Internet Software & Services – 1.4%      

carsales.com Ltd.

     75,540         759,655  
IT Services – 1.0%      

Computershare Ltd.

     48,387         542,655  
Media – 3.0%      

REA Group Ltd.

     10,759         486,134  

Seven West Media Ltd.

     641,241         1,176,782  
     

 

 

 
Total Media               1,662,916   
Metals & Mining – 4.2%      

BHP Billiton Ltd.

     25,415         859,084  

Iluka Resources Ltd.

     73,195         672,302  

Rio Tinto Ltd.

     13,043         768,250  
     

 

 

 
Total Metals & Mining               2,299,636   
Multiline Retail – 1.8%      

Harvey Norman Holdings Ltd.

     333,550         1,020,198  
Multi-Utilities – 1.9%      

AGL Energy Ltd.

     73,548         1,034,790  
Oil, Gas & Consumable Fuels – 6.2%      

Beach Energy Ltd.

     387,404         612,207  

Caltex Australia Ltd.

     20,459         418,880  

Origin Energy Ltd.

     69,717         923,380  

Santos Ltd.

     43,024         538,337  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      79   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Australia Dividend Fund (AUSE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Woodside Petroleum Ltd.

     25,586       $ 925,336  
     

 

 

 
Total Oil, Gas & Consumable Fuels               3,418,140   
Professional Services – 2.7%      

ALS Ltd./Queensland

     101,057         686,562  

Seek Ltd.

     48,346         787,303  
     

 

 

 
Total Professional Services               1,473,865   
Road & Rail – 0.9%      

Aurizon Holdings Ltd.

     101,148         481,870  
Transportation Infrastructure – 2.7%      

Qube Holdings Ltd.

     194,005         400,984  

Sydney Airport Ltd.

     285,116         1,107,249  
     

 

 

 
Total Transportation Infrastructure               1,508,233  
TOTAL INVESTMENTS IN SECURITIES – 99.0%
(Cost: $47,152,305)
         54,578,210  

Other Assets in Excess of Liabilities – 1.0%

        559,354  
     

 

 

 
NET ASSETS – 100.0%             $ 55,137,564   

 

See Notes to Financial Statements.

 

80   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.4%      
Australia – 12.0%      

Amcor Ltd.

     60,154       $ 579,282  

AMP Ltd.

     94,018         433,960  

Australia & New Zealand Banking Group Ltd.

     141,293         4,329,453  

BHP Billiton Ltd.

     104,641         3,537,099  

Brambles Ltd.

     33,162         284,617  

Commonwealth Bank of Australia

     83,275         5,977,086  

CSL Ltd.

     1,216         78,398  

Macquarie Group Ltd.

     12,419         666,806  

National Australia Bank Ltd.

     142,478         4,682,697  

Origin Energy Ltd.

     19,396         256,894  

QBE Insurance Group Ltd.

     9,817         116,648  

Rio Tinto Ltd.

     17,138         1,009,451  

Santos Ltd.

     32,962         412,436  

Suncorp Group Ltd.

     58,613         699,169  

Telstra Corp., Ltd.

     802,178         3,776,974  

Wesfarmers Ltd.

     61,012         2,329,253  

Westpac Banking Corp.

     185,101         5,929,145  

Woodside Petroleum Ltd.

     26,018         940,959  

Woolworths Ltd.

     49,918         1,652,640  
     

 

 

 
Total Australia               37,692,967   
Austria – 0.2%      

Erste Group Bank AG

     8,606         294,158  

OMV AG

     5,620         255,107  
     

 

 

 
Total Austria               549,265  
Belgium – 0.9%      

Anheuser-Busch InBev N.V.

     23,264         2,440,040  

Solvay S.A.

     2,904         456,077  
     

 

 

 
Total Belgium               2,896,117   
Denmark – 0.5%      

Novo Nordisk A/S Class B

     34,804         1,585,680  
Finland – 0.8%      

Fortum Oyj

     51,136         1,162,889  

Kone Oyj Class B

     20,489         859,594  

Sampo Class A

     6,658         345,491  
     

 

 

 
Total Finland               2,367,974   
France – 13.2%      

Air Liquide S.A.

     7,144         968,080  

Alstom S.A.

     7,784         212,635  

AXA S.A.

     81,799         2,126,829  

BNP Paribas S.A.

     26,104         2,014,399  

Carrefour S.A.

     33,246         1,287,349  

Casino Guichard Perrachon S.A.

     5,526         657,888  

Christian Dior S.A.

     1,575         303,361  

Cie Generale des Etablissements Michelin

     2,955         369,722  

Compagnie de Saint-Gobain

     16,190         978,463  

Danone

     14,962         1,058,495  

EDF S.A.

     91,682         3,628,447  

GDF Suez

     153,388         4,198,542  

Hermes International

     1,212         403,578  

Kering

     2,722         555,424  
Investments    Shares      Value  
     

L’Oreal S.A.

     7,625       $ 1,257,946  

LVMH Moet Hennessy Louis Vuitton S.A.

     7,909         1,438,331  

Natixis

     59,984         440,729  

Orange S.A.

     177,819         2,627,246  

Pernod-Ricard S.A.

     5,859         682,351  

Renault S.A.

     4,303         418,345  

Safran S.A.

     9,608         665,951  

Sanofi

     36,968         3,855,982  

Schneider Electric S.A.

     12,647         1,121,667  

Societe Generale S.A.

     7,132         439,436  

Total S.A.

     103,051         6,760,628  

Unibail-Rodamco SE

     1,461         379,568  

Vinci S.A.

     18,649         1,385,647  

Vivendi S.A.

     53,580         1,493,178  
     

 

 

 
Total France               41,730,217   
Germany – 10.0%      

Adidas AG

     6,790         735,002  

Allianz SE

     13,667         2,311,243  

BASF SE

     24,529         2,727,556  

Bayer AG

     16,611         2,247,743  

Bayerische Motoren Werke AG

     16,790         2,120,161  

Continental AG

     2,045         490,141  

Daimler AG

     34,785         3,288,370  

Deutsche Bank AG

     11,258         503,893  

Deutsche Boerse AG

     7,394         588,721  

Deutsche Post AG

     49,996         1,858,421  

Deutsche Telekom AG

     211,838         3,424,757  

E.ON SE

     87,998         1,721,009  

Fresenius Medical Care AG & Co. KGaA

     1,133         79,093  

Linde AG

     4,484         897,346  

Muenchener Rueckversicherungs AG

     8,292         1,812,551  

RWE AG

     17,750         720,707  

SAP AG

     19,061         1,543,673  

Siemens AG

     24,093         3,244,243  

Volkswagen AG

     4,765         1,208,394  
     

 

 

 
Total Germany               31,523,024   
Hong Kong – 5.4%      

BOC Hong Kong Holdings Ltd.

     408,715         1,164,438  

Cheung Kong Holdings Ltd.

     82,000         1,359,434  

China Mobile Ltd.

     627,986         5,747,933  

China Overseas Land & Investment Ltd.

     86,000         222,843  

China Resources Power Holdings Co., Ltd.

     26,000         67,706  

China Unicom Hong Kong Ltd.

     229,522         301,806  

CLP Holdings Ltd.

     107,500         810,714  

CNOOC Ltd.

     1,292,529         1,942,863  

Hang Seng Bank Ltd.

     68,495         1,090,509  

Hong Kong Exchanges and Clearing Ltd.

     35,900         544,259  

Hutchison Whampoa Ltd.

     109,000         1,443,113  

Power Assets Holdings Ltd.

     64,500         559,185  

SJM Holdings Ltd.

     28,699         80,654  

Sun Hung Kai Properties Ltd.

     89,442         1,095,389  

Wharf Holdings Ltd.

     92,000         588,265  
     

 

 

 
Total Hong Kong               17,019,111   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      81   


Table of Contents

Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
Ireland – 0.2%      

CRH PLC

     25,151       $ 700,047  
Israel – 0.5%      

Israel Chemicals Ltd.

     65,769         574,559  

Teva Pharmaceutical Industries Ltd.

     22,041         1,137,368  
     

 

 

 
Total Israel               1,711,927   
Italy – 3.3%      

Assicurazioni Generali SpA

     24,466         545,594  

Enel SpA

     505,736         2,863,401  

Eni SpA

     170,310         4,274,427  

Intesa Sanpaolo SpA

     273,832         928,426  

Luxottica Group SpA

     5,185         299,998  

Snam SpA

     171,278         1,003,271  

UniCredit SpA

     59,246         541,378  
     

 

 

 
Total Italy               10,456,495  
Japan – 8.2%      

Astellas Pharma, Inc.

     67,000         796,310  

Canon, Inc.

     36,900         1,143,350  

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

     14,400         209,739  

Daiichi Sankyo Co., Ltd.

     3,800         64,130  

Denso Corp.

     14,400         691,860  

East Japan Railway Co.

     8,000         590,843  

FANUC Corp.

     2,500         441,933  

Fast Retailing Co., Ltd.

     600         218,100  

Hitachi Ltd.

     79,000         584,532  

Honda Motor Co., Ltd.

     34,100         1,203,276  

Isuzu Motors Ltd.

     28,000         161,227  

ITOCHU Corp.

     58,900         689,745  

Japan Tobacco, Inc.

     25,109         789,952  

JFE Holdings, Inc.

     12,800         241,495  

JX Holdings, Inc.

     57,000         275,079  

Kao Corp.

     15,000         532,650  

KDDI Corp.

     13,140         762,486  

Kirin Holdings Co., Ltd.

     20,000         277,710  

Komatsu Ltd.

     10,000         207,603  

Kyocera Corp.

     7,600         343,378  

Marubeni Corp.

     30,000         201,874  

Mitsubishi Corp.

     28,600         532,093  

Mitsubishi Electric Corp.

     21,000         236,947  

Mitsubishi Heavy Industries Ltd.

     59,000         342,021  

Mitsubishi UFJ Financial Group, Inc.

     176,200         970,097  

Mitsui & Co., Ltd.

     25,400         359,845  

Mizuho Financial Group, Inc.

     298,998         592,277  

MS&AD Insurance Group Holdings

     10,100         231,843  

Nippon Telegraph & Telephone Corp.

     33,494         1,827,478  

Nissan Motor Co., Ltd.

     97,700         872,787  

Nomura Holdings, Inc.

     35,700         229,484  

NTT DOCOMO, Inc.

     111,800         1,767,349  

Shin-Etsu Chemical Co., Ltd.

     8,400         481,072  

SoftBank Corp.

     6,800         515,026  

Sony Corp.

     12,800         245,100  

Sumitomo Corp.

     47,800         609,423  

Sumitomo Mitsui Financial Group, Inc.

     27,800         1,190,175  
Investments    Shares      Value  
     

Sumitomo Mitsui Trust Holdings, Inc.

     76,000       $ 343,895  

Takeda Pharmaceutical Co., Ltd.

     26,000         1,235,054  

Tokio Marine Holdings, Inc.

     11,600         348,952  

Toshiba Corp.

     72,000         305,520  

Toyota Motor Corp.

     36,800         2,081,826  

Yahoo Japan Corp.

     11,200         55,029  
     

 

 

 
Total Japan               25,800,565  
Netherlands – 2.0%      

Aegon N.V.

     39,380         361,637  

Airbus Group N.V.

     12,956         928,365  

Akzo Nobel N.V.

     2,217         180,982  

Heineken N.V.

     13,944         970,909  

Koninklijke Ahold N.V.

     45,135         906,982  

Koninklijke Philips N.V.

     35,435         1,245,620  

Reed Elsevier N.V.

     2,913         62,973  

Unilever N.V.

     40,624         1,670,462  
     

 

 

 
Total Netherlands               6,327,930  
Norway – 1.8%      

DNB ASA

     48,963         851,346  

Statoil ASA

     114,997         3,246,088  

Telenor ASA

     65,012         1,440,959  

Yara International ASA

     3,031         133,956  
     

 

 

 
Total Norway               5,672,349   
Portugal – 0.4%      

EDP-Energias de Portugal S.A.

     181,209         841,911  

Galp Energia, SGPS, S.A.

     16,635         287,392  

Jeronimo Martins, SGPS, S.A.

     4,257         71,463  
     

 

 

 
Total Portugal               1,200,766  
Singapore – 1.4%      

DBS Group Holdings Ltd.

     45,000         578,625  

Jardine Cycle & Carriage Ltd.

     8,000         288,370  

Keppel Corp., Ltd.

     25,000         216,492  

Oversea-Chinese Banking Corp., Ltd.

     102,000         771,357  

Singapore Telecommunications Ltd.

     711,500         2,065,107  

United Overseas Bank Ltd.

     28,000         482,049  
     

 

 

 
Total Singapore               4,402,000  
Spain – 5.7%      

Abertis Infraestructuras, S.A.

     15,630         357,059  

Amadeus IT Holding S.A. Class A

     2,535         105,340  

Banco Bilbao Vizcaya Argentaria S.A.

     131,213         1,576,600  

Banco Santander S.A.

     808,546         7,712,612  

CaixaBank

     285,742         1,839,157  

Ferrovial S.A.

     29,828         646,462  

Gas Natural SDG S.A.

     46,653         1,312,352  

Iberdrola S.A.

     228,686         1,599,886  

Inditex S.A.

     9,630         1,445,380  

Repsol S.A.

     58,757         1,500,188  
     

 

 

 
Total Spain               18,095,036  
Sweden – 3.4%      

Atlas Copco AB Class A

     27,191         782,991  

Hennes & Mauritz AB Class B

     47,154         2,007,311  

 

See Notes to Financial Statements.

 

82   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Nordea Bank AB

     105,145       $ 1,488,739  

Sandvik AB

     60,528         853,743  

Skandinaviska Enskilda Banken AB Class A

     11,994         164,365  

Svenska Handelsbanken AB Class A

     20,240         1,013,943  

Swedbank AB Class A

     37,952         1,016,767  

Telefonaktiebolaget LM Ericsson Class B

     86,216         1,146,258  

TeliaSonera AB

     186,447         1,403,338  

Volvo AB Class B

     57,770         915,973  
     

 

 

 
Total Sweden               10,793,428   
Switzerland – 8.3%      

ABB Ltd.*

     36,088         931,461  

Cie Financiere Richemont S.A.

     3,024         288,929  

Kuehne + Nagel International AG

     728         101,946  

Nestle S.A.

     80,008         6,027,659  

Novartis AG

     74,670         6,339,786  

Roche Holding AG – Genusschein

     18,846         5,653,693  

Swatch Group AG (The)

     555         64,400  

Swiss Re AG*

     21,427         1,987,822  

Swisscom AG

     2,319         1,425,502  

Syngenta AG

     2,473         935,896  

Transocean Ltd.

     5,577         229,937  

UBS AG*

     15,357         317,449  

Zurich Insurance Group AG*

     5,799         1,781,682  
     

 

 

 
Total Switzerland               26,086,162  
United Kingdom – 21.2%      

Anglo American PLC

     40,863         1,039,924  

Antofagasta PLC

     4,915         68,461  

Associated British Foods PLC

     19,586         908,074  

AstraZeneca PLC

     51,072         3,300,634  

Aviva PLC

     158,795         1,262,787  

BAE Systems PLC

     158,434         1,094,040  

Barclays PLC

     261,615         1,017,978  

BG Group PLC

     32,456         604,668  

BHP Billiton PLC

     71,745         2,205,603  

BP PLC

     687,424         5,500,987  

British American Tobacco PLC

     52,018         2,892,606  

British Sky Broadcasting Group PLC

     60,429         919,795  

BT Group PLC

     240,689         1,522,800  

Centrica PLC

     174,123         957,083  

Compass Group PLC

     77,032         1,175,079  

Diageo PLC

     39,019         1,210,590  

Fresnillo PLC

     22,638         318,345  

GlaxoSmithKline PLC

     171,653         4,554,417  

HSBC Holdings PLC

     568,117         5,753,853  

Imperial Tobacco Group PLC

     31,172         1,259,194  

Kingfisher PLC

     9,548         67,078  

Legal & General Group PLC

     294,733         1,005,822  

Marks & Spencer Group PLC

     21,855         164,507  

National Grid PLC

     134,326         1,840,800  

Old Mutual PLC

     192,257         644,568  

Pearson PLC

     36,277         642,894  

Prudential PLC

     56,838         1,201,999  

Reckitt Benckiser Group PLC

     20,829         1,697,014  
Investments    Shares      Value  

Rio Tinto PLC

     40,571       $ 2,257,417  

Royal Dutch Shell PLC Class A

     150,549         5,499,142  

Royal Dutch Shell PLC Class B

     87,156         3,400,797  

SABMiller PLC

     21,241         1,060,588  

SSE PLC

     52,723         1,291,209  

Standard Chartered PLC

     67,615         1,413,000  

Standard Life PLC

     9,775         61,519  

Tesco PLC

     228,578         1,125,692  

Tullow Oil PLC

     17,041         212,648  

Unilever PLC

     37,198         1,588,195  

Vodafone Group PLC

     1,106,258         4,062,989  
     

 

 

 
Total United Kingdom               66,804,796   
TOTAL COMMON STOCKS
(Cost: $260,039,308)
              313,415,856   
EXCHANGE-TRADED FUNDS – 0.1%      
United States – 0.1%      

WisdomTree International MidCap Dividend Fund(a)

     
(Cost: $230,871)      4,036         243,088  
RIGHTS – 0.0%      
Spain – 0.0%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 5/14/14*

     
(Cost: $30,382)      131,213         30,744  
TOTAL INVESTMENTS IN SECURITIES – 99.5%
(Cost: $260,300,561)
        313,689,688  

Foreign Currency and Other Assets in Excess of Liabilities – 0.5%

        1,586,798   
     

 

 

 
NET ASSETS – 100.0%             $ 315,276,486  
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      83   


Table of Contents

Schedule of Investments

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%   
Australia – 9.8%   

Amcor Ltd.

     299,485       $ 2,884,033  

BHP Billiton Ltd.

     113,750         3,845,003  

Origin Energy Ltd.

     313,652         4,154,223  

Rio Tinto Ltd.

     58,609         3,452,148  

Telstra Corp., Ltd.

     1,397,553         6,580,237  

Wesfarmers Ltd.

     122,158         4,663,621  

Woodside Petroleum Ltd.

     116,337         4,207,409  

Woolworths Ltd.

     131,310         4,347,292  
     

 

 

 
Total Australia               34,133,966  
Austria – 0.6%   

OMV AG

     49,796         2,260,372  
Finland – 1.7%   

Fortum Oyj

     255,311         5,806,058  
France – 17.9%   

Carrefour S.A.

     120,322         4,659,099  

Casino Guichard Perrachon S.A.

     27,357         3,256,938  

Cie Generale des Etablissements Michelin

     27,701         3,465,880  

Compagnie de Saint-Gobain

     63,743         3,852,387  

EDF S.A.

     213,654         8,455,664  

GDF Suez

     325,401         8,906,888  

Orange S.A.

     714,996         10,563,948  

Sanofi

     22,576         2,354,811  

Total S.A.

     86,003         5,642,199  

Vinci S.A.

     62,989         4,680,173  

Vivendi S.A.

     242,533         6,758,960  
     

 

 

 
Total France               62,596,947  
Germany – 10.8%   

Bayerische Motoren Werke AG

     26,389         3,332,277  

Daimler AG

     52,232         4,937,707  

Deutsche Post AG

     98,138         3,647,926  

Deutsche Telekom AG

     489,624         7,915,686  

E.ON SE

     353,449         6,912,530  

RWE AG

     159,883         6,491,767  

SAP AG

     13,865         1,122,870  

Siemens AG

     25,063         3,374,858  
     

 

 

 
Total Germany               37,735,621  
Hong Kong – 1.4%   

China Mobile Ltd.

     309,500         2,832,842  

CNOOC Ltd.

     1,436,000         2,158,522  
     

 

 

 
Total Hong Kong               4,991,364  
Ireland – 1.1%   

CRH PLC

     135,324         3,766,574  
Israel – 2.0%   

Israel Chemicals Ltd.

     463,338         4,047,727  

Teva Pharmaceutical Industries Ltd.

     55,820         2,880,444  
     

 

 

 
Total Israel               6,928,171  
Italy – 5.0%   

Enel SpA

     1,105,498         6,259,163  

Eni SpA

     210,341         5,279,123  
Investments    Shares      Value  

Snam SpA

     1,041,409       $ 6,100,116  
     

 

 

 
Total Italy               17,638,402  
Japan – 5.7%   

Astellas Pharma, Inc.

     169,600         2,015,734  

Canon, Inc.

     78,800         2,441,625  

Daiichi Sankyo Co., Ltd.

     155,000         2,615,818  

Eisai Co., Ltd.

     69,500         2,711,570  

Hitachi Ltd.

     147,000         1,087,673  

Kyocera Corp.

     16,600         750,010  

Murata Manufacturing Co., Ltd.

     12,100         1,143,793  

Sumitomo Corp.

     197,200         2,514,187  

Takeda Pharmaceutical Co., Ltd.

     62,100         2,949,878  

Toshiba Corp.

     234,000         992,941  

Yahoo! Japan Corp.

     125,200         615,150  
     

 

 

 
Total Japan               19,838,379  
Netherlands – 1.8%   

Koninklijke Ahold N.V.

     147,872         2,971,470  

Reed Elsevier N.V.

     156,125         3,375,086  
     

 

 

 
Total Netherlands               6,346,556  
Norway – 3.5%   

Statoil ASA

     168,054         4,743,760  

Telenor ASA

     172,292         3,818,767  

Yara International ASA

     83,067         3,671,178  
     

 

 

 
Total Norway               12,233,705  
Portugal – 2.1%   

EDP-Energias de Portugal S.A.

     1,578,961         7,335,978  
Singapore – 2.5%   

Jardine Cycle & Carriage Ltd.

     72,000         2,595,332  

Keppel Corp., Ltd.

     364,000         3,152,129  

Singapore Telecommunications Ltd.

     1,043,000         3,027,276  
     

 

 

 
Total Singapore               8,774,737  
Spain – 4.6%   

Abertis Infraestructuras, S.A.

     197,800         4,518,639  

Amadeus IT Holding S.A. Class A

     42,071         1,748,228  

Ferrovial S.A.

     446,457         9,676,051  
     

 

 

 
Total Spain               15,942,918  
Sweden – 4.1%   

Hennes & Mauritz AB Class B

     86,556         3,684,626  

Sandvik AB

     203,524         2,870,691  

Telefonaktiebolaget LM Ericsson Class B

     212,584         2,826,344  

TeliaSonera AB

     680,481         5,121,804  
     

 

 

 
Total Sweden               14,503,465  
Switzerland – 3.9%   

Nestle S.A.

     34,897         2,629,077  

Novartis AG

     33,562         2,849,550  

Roche Holding AG

     9,044         2,700,351  

Swisscom AG

     8,910         5,477,025  
     

 

 

 
Total Switzerland               13,656,003  
United Kingdom – 20.9%   

Anglo American PLC

     136,040         3,462,088  

 

See Notes to Financial Statements.

 

84   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

AstraZeneca PLC

     85,371       $ 5,517,278  

BAE Systems PLC

     623,250         4,303,751  

BHP Billiton PLC

     112,972         3,473,013  

BP PLC

     559,341         4,476,026  

British American Tobacco PLC

     55,938         3,110,589  

British Sky Broadcasting Group PLC

     231,146         3,518,292  

Fresnillo PLC

     164,650         2,315,376  

GlaxoSmithKline PLC

     137,110         3,637,898  

Imperial Tobacco Group PLC

     98,453         3,977,014  

Marks & Spencer Group PLC

     425,668         3,204,081  

National Grid PLC

     359,958         4,932,855  

Pearson PLC

     160,755         2,848,869  

Reed Elsevier PLC

     214,543         3,276,307  

Rio Tinto PLC

     69,679         3,877,019  

Royal Dutch Shell PLC Class A

     24,942         911,063  

Royal Dutch Shell PLC Class B

     85,453         3,334,346  

SSE PLC

     175,249         4,291,924  

Tesco PLC

     606,597         2,987,345  

Unilever PLC

     57,005         2,433,869  

Vodafone Group PLC

     832,293         3,056,789  
     

 

 

 
Total United Kingdom               72,945,792  
TOTAL COMMON STOCKS
(Cost: $281,642,082)
              347,435,008  
EXCHANGE-TRADED FUNDS – 0.2%   
United States – 0.2%   

WisdomTree International LargeCap Dividend Fund(a)

     
(Cost: $632,961)      12,879         668,163  
TOTAL INVESTMENTS IN SECURITIES – 99.6%
(Cost: $282,275,043)
        348,103,171  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4%

        1,442,320  
     

 

 

 
NET ASSETS – 100.0%             $ 349,545,491  
(a)

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      85   


Table of Contents

Schedule of Investments

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.6%   
Australia – 9.1%   

AGL Energy Ltd.

     41,939       $ 590,064  

ALS Ltd./Queensland

     25,706         174,642  

Ansell Ltd.

     8,420         143,673  

Aurizon Holdings Ltd.

     64,814         308,775  

Bank of Queensland Ltd.

     40,504         482,404  

Bendigo and Adelaide Bank Ltd.

     55,694         587,436  

Boral Ltd.

     56,794         297,413  

Caltex Australia Ltd.

     14,341         293,619  

Coca-Cola Amatil Ltd.

     59,179         604,996  

Cochlear Ltd.

     3,894         205,722  

Computershare Ltd.

     27,286         306,009  

Crown Resorts Ltd.

     44,350         683,590  

Flight Centre Travel Group Ltd.

     7,739         376,505  

GrainCorp Ltd. Class A

     9,619         75,067  

Harvey Norman Holdings Ltd.

     89,493         273,724  

Iluka Resources Ltd.

     31,583         290,093  

Incitec Pivot Ltd.

     117,501         322,361  

Insurance Australia Group Ltd.

     147,848         763,274  

Leighton Holdings Ltd.

     23,549         460,755  

Lend Lease Group

     32,657         358,678  

Metcash Ltd.

     108,754         264,093  

New Hope Corp., Ltd.

     39,199         108,631  

Orica Ltd.

     23,687         480,360  

Platinum Asset Management Ltd.

     52,587         363,602  

Primary Health Care Ltd.

     19,375         84,581  

Ramsay Health Care Ltd.

     11,427         509,750  

REA Group Ltd.

     5,558         251,132  

Seek Ltd.

     16,031         261,061  

Sonic Healthcare Ltd.

     25,008         400,296  

Sydney Airport

     138,286         537,034  

TABCORP Holdings Ltd.

     113,512         358,761  

Tatts Group Ltd.

     171,254         460,308  

Toll Holdings Ltd.

     62,036         298,990  

TPG Telecom Ltd.

     26,910         165,861  

Treasury Wine Estates Ltd.

     19,983         65,380  

Wesfarmers Ltd.

     11,193         427,315  

WorleyParsons Ltd.

     18,784         263,587  
     

 

 

 
Total Australia               12,899,542  
Austria – 1.5%   

Andritz AG

     4,016         248,275  

EVN AG

     6,382         89,895  

Oesterreichische Post AG

     3,525         177,572  

Raiffeisen Bank International AG

     11,380         379,564  

Strabag SE

     4,678         121,212  

Telekom Austria AG

     16,916         168,237  

Verbund AG

     14,351         295,304  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     6,445         317,916  

Voestalpine AG

     8,147         358,249  
     

 

 

 
Total Austria               2,156,224  
Belgium – 2.9%      

Ageas

     15,921       $ 709,750  

Belgacom S.A.

     52,712         1,651,341  

Colruyt S.A.

     4,407         242,958  

Delhaize Group S.A.

     5,634         411,936  

D’ieteren S.A./N.V.

     2,138         100,276  

Elia System Operator S.A/N.V.

     2,378         120,169  

Telenet Group Holding N.V.

     2,926         180,446  

UCB S.A.

     5,459         437,287  

Umicore S.A.

     4,383         223,452  
     

 

 

 
Total Belgium               4,077,615  
Denmark – 1.8%   

Carlsberg A/S Class B

     1,655         164,675  

Chr Hansen Holding A/S

     2,888         114,624  

DSV A/S

     1,510         48,754  

FLSmidth & Co. A/S

     2,184         110,228  

GN Store Nord A/S

     1,927         47,846  

H. Lundbeck A/S

     5,832         179,794  

Novozymes A/S Class B

     4,728         207,990  

Pandora A/S

     5,377         355,853  

TDC A/S

     105,799         978,499  

Tryg A/S

     3,361         332,564  
     

 

 

 
Total Denmark               2,540,827  
Finland – 3.1%   

Elisa Oyj*

     18,739         539,526  

Kemira Oyj

     6,446         93,995  

Konecranes Oyj

     2,247         71,632  

Metso Oyj

     11,849         387,532  

Neste Oil Oyj

     15,658         319,393  

Nokian Renkaat Oyj

     6,785         274,464  

Orion Oyj Class B

     9,664         291,828  

Outotec Oyj*

     5,557         61,578  

Pohjola Bank PLC Class A

     19,997         444,557  

Stora Enso Oyj Class R

     48,025         513,969  

UPM-Kymmene Oyj

     48,498         829,513  

Wartsila Oyj Abp

     7,591         412,528  

YIT Oyj

     7,371         78,530  
     

 

 

 
Total Finland               4,319,045  
France – 9.2%   

Accor S.A.

     6,762         346,368  

Aeroports de Paris

     2,790         348,040  

Arkema S.A.

     1,343         152,151  

AtoS

     501         45,318  

bioMerieux

     383         42,029  

Bouygues S.A.

     30,779         1,284,300  

Cap Gemini S.A.

     5,787         438,277  

CNP Assurances

     63,423         1,343,534  

Edenred

     7,419         232,880  

Eiffage S.A.

     5,286         395,744  

Euler Hermes S.A.

     4,445         561,171  

Eutelsat Communications S.A.

     11,227         381,424  

Groupe Eurotunnel S.A.

     7,855         100,326  

Havas S.A.

     13,360         100,059  

 

See Notes to Financial Statements.

 

86   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Imerys S.A.

     3,250       $ 289,140  

Ingenico

     523         48,937  

Ipsen S.A.

     3,452         141,399  

JC Decaux S.A.

     6,838         299,651  

Klepierre

     11,796         528,054  

Lagardere SCA

     10,674         423,984  

Neopost S.A.

     4,355         344,051  

Remy Cointreau S.A.

     1,379         110,710  

Rexel S.A.

     12,728         334,094  

SCOR SE

     13,641         477,538  

SEB S.A.

     1,642         141,760  

Societe BIC S.A.

     2,784         365,862  

Societe Television Francaise 1

     13,715         226,832  

Suez Environnement Co.

     40,995         833,112  

Thales S.A.

     7,377         489,354  

Valeo S.A.

     3,846         542,001  

Vallourec S.A.

     4,088         222,019  

Veolia Environnement S.A.

     48,442         958,748  

Vicat S.A.

     1,370         115,501  

Zodiac Aerospace

     10,355         366,071  
     

 

 

 
Total France               13,030,439  
Germany – 5.3%   

Aurubis AG

     1,544         83,897  

Axel Springer SE

     6,058         387,873  

Bilfinger SE

     2,491         316,165  

Brenntag AG

     1,016         188,551  

Carl Zeiss Meditec AG

     1,853         52,048  

Celesio AG

     3,014         103,062  

Deutsche Wohnen AG

     2,009         43,084  

Fielmann AG

     2,153         289,408  

Fraport AG Frankfurt Airport Services Worldwide

     3,388         253,181  

Freenet AG*

     13,998         489,746  

GEA Group AG

     6,801         311,012  

Hannover Rueck SE

     7,201         644,416  

Hochtief AG

     1,199         108,901  

Hugo Boss AG

     2,990         398,003  

Infineon Technologies AG

     25,327         302,364  

K+S AG

     10,383         341,231  

Kabel Deutschland Holding AG

     1,996         274,301  

Lanxess AG

     1,503         113,415  

MTU Aero Engines AG

     1,067         99,206  

Rhoen Klinikum AG

     4,012         128,562  

Salzgitter AG

     1,710         67,617  

Software AG

     2,671         96,781  

Stada Arzneimittel AG

     293         12,545  

Suedzucker AG

     5,768         164,361  

Symrise AG

     6,161         307,898  

Talanx AG

     10,792         388,362  

Telefonica Deutschland Holding AG

     109,466         872,942  

United Internet AG Registered Shares

     7,909         371,546  

Wacker Chemie AG

     1,649         201,432  
     

 

 

 
Total Germany               7,411,910  
Hong Kong – 4.3%      

Bank of East Asia Ltd.

     100,322       $ 391,870  

Beijing Enterprises Holdings Ltd.

     21,200         189,943  

Cathay Pacific Airways Ltd.

     37,774         70,415  

China Agri-Industries Holdings Ltd.

     102,000         39,842  

China Everbright International Ltd.

     44,000         60,239  

China Everbright Ltd.

     34,739         44,336  

China Merchants Holdings International Co., Ltd.

     124,200         426,700  

China Overseas Grand Oceans Group Ltd.

     31,000         20,381  

China Resources Enterprise Ltd.

     58,600         165,442  

CITIC Pacific Ltd.

     247,773         439,517  

Far East Horizon Ltd.

     191,924         141,029  

Fosun International Ltd.

     322,400         405,231  

Franshion Properties China Ltd.

     333,242         111,266  

Guangdong Investment Ltd.

     282,208         269,582  

Hang Lung Group Ltd.

     39,000         196,331  

HKT Trust and HKT Ltd.

     500,355         527,637  

Hong Kong Aircraft Engineering Co., Ltd.

     7,547         87,466  

Hopewell Holdings Ltd.

     67,162         230,741  

Hysan Development Co., Ltd.

     41,000         178,386  

Lenovo Group Ltd.

     298,453         329,731  

New World Development Co., Ltd.

     294,482         296,113  

PCCW Ltd.

     495,543         248,505  

Shanghai Industrial Holdings Ltd.

     60,500         201,613  

Sino Land Co., Ltd.

     321,046         471,819  

Sino-Ocean Land Holdings Ltd.

     398,464         217,800  

Techtronic Industries Co., Ltd.

     24,500         68,222  

Television Broadcasts Ltd.

     27,824         166,613  

Yuexiu Property Co., Ltd.

     671,100         138,424  
     

 

 

 
Total Hong Kong               6,135,194  
Ireland – 0.6%   

DCC PLC

     3,663         199,081  

Dragon Oil PLC

     21,147         193,528  

Glanbia PLC

     1,945         29,863  

Kerry Group PLC Class A

     2,490         190,158  

Paddy Power PLC

     979         77,585  

Smurfit Kappa Group PLC

     4,599         111,559  
     

 

 

 
Total Ireland               801,774  
Israel – 0.8%   

Azrieli Group

     2,146         75,014  

Bezeq The Israeli Telecommunication Corp., Ltd.

     545,573         970,891  

Gazit-Globe Ltd.

     5,102         65,782  

Osem Investments Ltd.

     1,924         45,160  
     

 

 

 
Total Israel               1,156,847  
Italy – 4.9%   

A2A SpA

     53,130         68,906  

Atlantia SpA

     54,287         1,395,412  

Autogrill SpA*

     16,754         171,683  

Azimut Holding SpA

     4,771         170,309  

Banca Generali SpA

     6,132         202,412  

Davide Campari-Milano SpA

     11,227         92,068  

De’Longhi SpA

     8,013         180,568  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      87   


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

DiaSorin SpA

     2,090       $ 89,729  

Enel Green Power SpA

     143,844         404,039  

GTECH SpA

     10,369         315,118  

Hera SpA

     92,768         271,058  

Mediolanum SpA

     42,293         399,289  

Parmalat SpA

     75,494         260,332  

Pirelli & C. SpA

     20,582         323,385  

Prysmian SpA

     5,264         131,027  

Recordati SpA

     9,307         162,908  

Salvatore Ferragamo SpA

     2,981         87,800  

Societa Iniziative Autostradali e Servizi SpA

     48,540         584,039  

Telecom Italia SpA RSP

     536,379         501,960  

Terna Rete Elettrica Nazionale SpA

     159,185         853,014  

Tod’s SpA

     1,099         142,760  

Unione di Banche Italiane SCPA

     11,577         109,139  
     

 

 

 
Total Italy               6,916,955  
Japan – 16.5%   

ABC-Mart, Inc.

     1,678         72,995  

Aeon Co., Ltd.

     11,099         125,340  

Air Water, Inc.

     7,000         97,063  

Aisin Seiki Co., Ltd.

     5,324         192,571  

Ajinomoto Co., Inc.

     4,319         61,859  

Alfresa Holdings Corp.

     1,000         65,349  

Amada Co., Ltd.

     13,000         91,644  

ANA Holdings, Inc.

     61,000         132,087  

Aozora Bank Ltd.

     116,000         331,155  

Asahi Glass Co., Ltd.

     63,141         366,639  

Asahi Kasei Corp.

     49,000         334,010  

Asics Corp.

     2,830         55,756  

Bank of Kyoto Ltd. (The)

     13,000         107,550  

Bank of Yokohama Ltd. (The)

     37,000         185,027  

Brother Industries Ltd.

     8,300         116,298  

Chiba Bank Ltd. (The)

     30,000         185,270  

Chugai Pharmaceutical Co., Ltd.

     10,509         268,886  

Chugoku Bank Ltd. (The)

     6,100         81,503  

Chugoku Electric Power Co., Inc. (The)

     14,200         198,415  

Dai Nippon Printing Co., Ltd.

     42,958         412,540  

Daihatsu Motor Co., Ltd.

     17,400         308,008  

Dainippon Sumitomo Pharma Co., Ltd.

     10,590         168,642  

Daito Trust Construction Co., Ltd.

     4,220         391,370  

Dena Co., Ltd.

     3,900         70,589  

DIC Corp.

     45,000         118,415  

Dowa Holdings Co., Ltd.

     10,000         83,701  

Electric Power Development Co., Ltd.

     5,800         164,170  

FamilyMart Co., Ltd.

     3,800         167,335  

Fuji Electric Co., Ltd.

     22,876         102,402  

FUJIFILM Holdings Corp.

     9,092         244,637  

Fukuoka Financial Group, Inc.

     45,000         185,270  

Gree, Inc.

     6,605         73,115  

Gunma Bank Ltd. (The)

     14,000         76,399  

Hachijuni Bank Ltd. (The)

     11,000         62,698  

Hamamatsu Photonics K.K.

     2,300         103,850  

Hankyu Hanshin Holdings, Inc.

     27,000         147,342  

Hikari Tsushin, Inc.

     1,000       $ 84,575  

Hino Motors Ltd.

     9,000         133,796  

Hiroshima Bank Ltd. (The)

     26,075         109,126  

Hisamitsu Pharmaceutical Co., Inc.

     3,000         135,894  

Hitachi Capital Corp.

     4,955         106,235  

Hitachi Chemical Co., Ltd.

     7,400         100,956  

Hitachi Construction Machinery Co., Ltd.

     5,700         110,032  

Hitachi High-Technologies Corp.

     3,200         74,698  

Hokuhoku Financial Group, Inc.

     52,000         99,976  

Hokuriku Electric Power Co.

     7,200         93,614  

Hoya Corp.

     16,144         503,672  

Ibiden Co., Ltd.

     5,100         100,727  

Idemitsu Kosan Co., Ltd.

     5,600         115,225  

IHI Corp.

     37,553         158,256  

Isetan Mitsukoshi Holdings Ltd.

     5,834         72,171  

Itochu Techno-Solutions Corp.

     2,300         97,262  

Iyo Bank Ltd. (The)

     12,300         117,763  

J Front Retailing Co., Ltd.

     8,000         55,154  

Japan Airlines Co., Ltd.

     7,389         364,481  

JGC Corp.

     4,000         139,438  

Joyo Bank Ltd. (The)

     40,000         200,029  

JSR Corp.

     8,300         154,177  

Kajima Corp.

     31,953         112,317  

Kakaku.Com, Inc.

     1,000         16,303  

Kansai Paint Co., Ltd.

     9,000         128,902  

Kawasaki Heavy Industries Ltd.

     37,565         138,609  

Keikyu Corp.

     13,000         109,822  

Keio Corp.

     16,000         111,706  

Kintetsu Corp.

     47,000         167,490  

Koito Manufacturing Co., Ltd.

     4,000         67,855  

Konami Corp.

     5,300         122,741  

Konica Minolta, Inc.

     18,000         168,316  

Kuraray Co., Ltd.

     14,300         163,849  

Kurita Water Industries Ltd.

     4,200         91,312  

Kyowa Hakko Kirin Co., Ltd.

     13,000         138,855  

Lawson, Inc.

     4,600         326,067  

LIXIL Group Corp.

     8,900         245,952  

Makita Corp.

     2,929         161,261  

Marui Group Co., Ltd.

     8,881         76,319  

MEIJI Holdings Co., Ltd.

     2,200         139,069  

Miraca Holdings, Inc.

     1,000         43,890  

Mitsubishi Chemical Holdings Corp.

     58,500         243,691  

Mitsubishi Gas Chemical Co., Inc.

     16,000         90,421  

Mitsubishi Tanabe Pharma Corp.

     16,900         236,799  

Mitsui Chemicals, Inc.

     51,000         125,290  

Nabtesco Corp.

     2,100         48,409  

Namco Bandai Holdings, Inc.

     10,700         253,824  

NEC Corp.

     51,608         158,856  

NGK Insulators Ltd.

     10,000         208,768  

NGK Spark Plug Co., Ltd.

     5,000         112,638  

Nidec Corp.

     4,044         246,563  

Nikon Corp.

     3,934         63,488  

Nippon Electric Glass Co., Ltd.

     24,000         123,746  

Nippon Express Co., Ltd.

     34,000         166,723  

 

See Notes to Financial Statements.

 

88   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Nippon Meat Packers, Inc.

     5,000       $ 74,623  

Nisshin Seifun Group, Inc.

     6,800         74,877  

Nissin Foods Holdings Co., Ltd.

     3,900         176,283  

Nitori Holdings Co., Ltd.

     1,000         43,453  

Nitto Denko Corp.

     4,405         211,385  

NKSJ Holdings, Inc.

     14,711         378,828  

Nomura Real Estate Holdings, Inc.

     4,468         85,468  

Nomura Research Institute Ltd.

     6,890         218,104  

NSK Ltd.

     8,000         82,497  

Obayashi Corp.

     27,000         152,585  

Odakyu Electric Railway Co., Ltd.

     13,000         112,220  

Oji Holdings Corp.

     46,862         210,227  

Oracle Corp.

     3,068         139,272  

Osaka Gas Co., Ltd.

     55,000         208,817  

OTSUKA Corp.

     800         104,714  

Park24 Co., Ltd.

     3,100         59,059  

Ricoh Co., Ltd.

     27,260         314,991  

Sankyo Co., Ltd.

     5,100         215,172  

Sanrio Co., Ltd.

     800         27,033  

Sega Sammy Holdings, Inc.

     6,673         149,808  

Seiko Epson Corp.

     5,964         185,895  

Sekisui Chemical Co., Ltd.

     11,000         114,609  

Sekisui House Ltd.

     19,352         240,714  

Shimadzu Corp.

     10,000         89,042  

Shimamura Co., Ltd.

     1,100         95,383  

Shimizu Corp.

     28,000         145,458  

Shinsei Bank Ltd.

     25,806         50,868  

Shionogi & Co., Ltd.

     12,000         222,906  

Shiseido Co., Ltd.

     17,500         308,589  

Shizuoka Bank Ltd. (The)

     10,000         97,781  

Showa Denko K.K.

     32,000         45,366  

Showa Shell Sekiyu K.K.

     16,909         151,382  

Sojitz Corp.

     44,470         75,999  

Sony Financial Holdings, Inc.

     8,809         144,557  

Sumitomo Electric Industries Ltd.

     11,812         176,174  

Sumitomo Heavy Industries Ltd.

     17,500         71,200  

Sumitomo Metal Mining Co., Ltd.

     24,000         302,025  

Sumitomo Rubber Industries Ltd.

     6,300         80,383  

Suruga Bank Ltd.

     2,000         35,306  

Suzuken Co., Ltd.

     2,300         89,222  

Sysmex Corp.

     1,800         57,504  

T&D Holdings, Inc.

     18,651         222,215  

Taiheiyo Cement Corp.

     14,000         50,570  

Taisei Corp.

     31,876         142,689  

Takashimaya Co., Ltd.

     6,415         60,297  

TDK Corp.

     3,400         142,293  

Teijin Ltd.

     36,000         89,489  

Terumo Corp.

     6,600         144,388  

Tobu Railway Co., Ltd.

     26,000         125,979  

Toho Co., Ltd.

     4,400         88,397  

Toho Gas Co., Ltd.

     11,000         60,028  

Tokyo Electron Ltd.

     2,794         171,598  

Tokyu Corp.

     24,000         147,051  

Tokyu Fudosan Holdings Corp.

     6,467         48,353  

TonenGeneral Sekiyu K.K.

     34,104       $ 301,682  

Toppan Printing Co., Ltd.

     16,000         114,813  

Toray Industries, Inc.

     21,290         140,989  

Toyo Seikan Group Holdings Ltd.

     5,300         86,253  

Toyo Suisan Kaisha Ltd.

     4,000         133,806  

Toyoda Gosei Co., Ltd.

     4,100         78,787  

Toyota Boshoku Corp.

     7,000         70,894  

Toyota Tsusho Corp.

     9,200         234,053  

Trend Micro, Inc.

     5,430         168,460  

USS Co., Ltd.

     13,900         195,573  

West Japan Railway Co.

     6,376         260,897  

Yamada Denki Co., Ltd.

     21,170         70,714  

Yamaguchi Financial Group, Inc.

     7,000         63,213  

Yamaha Motor Co., Ltd.

     4,760         76,032  

Yamato Holdings Co., Ltd.

     9,900         213,794  

Yaskawa Electric Corp.

     4,218         58,446  
     

 

 

 
Total Japan               23,268,540  
Netherlands – 2.7%   

Aalberts Industries N.V.

     3,280         114,373  

Delta Lloyd N.V.

     21,062         584,202  

Fugro N.V.

     4,051         249,210  

Gemalto N.V.

     789         91,932  

Koninklijke Boskalis Westminster N.V.

     5,341         294,228  

Koninklijke Vopak N.V.

     3,422         191,155  

Nutreco N.V.

     2,793         124,145  

Randstad Holding N.V.

     10,120         592,855  

STMicroelectronics N.V.

     56,303         521,469  

Wolters Kluwer N.V.

     19,887         561,341  

Ziggo N.V.

     11,325         503,380  
     

 

 

 
Total Netherlands               3,828,290  
New Zealand – 1.2%   

Auckland International Airport Ltd.

     88,714         293,300  

Contact Energy Ltd.

     20,100         92,790  

Fletcher Building Ltd.

     63,397         523,721  

Telecom Corp. of New Zealand Ltd.

     271,226         574,269  

Vector Ltd.

     93,936         198,077  
     

 

 

 
Total New Zealand               1,682,157  
Norway – 2.3%   

Aker ASA Class A

     6,090         196,827  

Aker Solutions ASA

     15,923         248,005  

Fred Olsen Energy ASA

     6,688         223,415  

Gjensidige Forsikring ASA

     47,544         967,231  

Kongsberg Gruppen ASA

     3,996         91,106  

Marine Harvest ASA

     6,589         74,617  

Norsk Hydro ASA

     88,019         438,842  

Orkla ASA

     65,106         555,142  

Petroleum Geo-Services ASA

     4,615         56,193  

Schibsted ASA

     2,740         170,064  

SpareBank 1 SR Bank ASA

     5,493         55,737  

TGS Nopec Geophysical Co. ASA

     5,511         180,692  
     

 

 

 
Total Norway               3,257,871  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      89   


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Portugal – 0.6%      

Portucel S.A.

     48,395       $ 220,311  

Portugal Telecom, SGPS, S.A.

     148,942         633,697  
     

 

 

 
Total Portugal               854,008  
Singapore – 3.7%   

City Developments Ltd.

     22,000         176,693  

ComfortDelGro Corp., Ltd.

     119,000         187,838  

First Resources Ltd.

     38,000         70,709  

Hutchison Port Holdings Trust Class U

     845,585         549,630  

Keppel Land Ltd.

     120,000         320,623  

M1 Ltd.

     63,000         173,838  

Olam International Ltd.

     100,000         176,534  

SATS Ltd.

     93,000         224,818  

Sembcorp Industries Ltd.

     79,000         344,885  

SembCorp Marine Ltd.

     140,751         453,295  

SIA Engineering Co., Ltd.

     84,536         325,358  

Singapore Airlines Ltd.

     18,961         157,864  

Singapore Exchange Ltd.

     85,000         469,087  

Singapore Press Holdings Ltd.

     139,148         464,730  

Singapore Technologies Engineering Ltd.

     183,000         555,890  

StarHub Ltd.

     129,594         432,822  

United Industrial Corp., Ltd.

     27,000         67,632  
     

 

 

 
Total Singapore               5,152,246  
Spain – 4.2%   

Acerinox S.A.

     15,024         241,442  

ACS Actividades de Construccion y Servicios, S.A.

     25,658         1,008,380  

Banco de Sabadell S.A.

     142,592         440,614  

Bankinter S.A.

     21,706         174,711  

Bolsas y Mercados Espanoles S.A.

     5,916         240,820  

Ebro Foods S.A.

     10,646         246,357  

EDP Renovaveis S.A.

     7,470         49,769  

Enagas S.A.

     20,367         619,663  

Indra Sistemas S.A.

     8,239         165,619  

Mapfre S.A.

     192,331         811,145  

Obrascon Huarte Lain S.A.

     5,597         243,379  

Prosegur Cia de Seguridad S.A.

     17,163         110,468  

Red Electrica Corp. S.A.

     9,737         791,781  

Tecnicas Reunidas S.A.

     3,460         195,542  

Viscofan S.A.

     2,550         133,429  

Zardoya Otis S.A.

     23,310         397,090  
     

 

 

 
Total Spain               5,870,209  
Sweden – 4.9%   

Alfa Laval AB

     12,659         341,879  

Atlas Copco AB Class B

     19,832         542,023  

Axfood AB

     3,360         185,528  

Boliden AB

     16,245         246,548  

Castellum AB

     11,313         187,749  

Electrolux AB Series B

     16,051         349,562  

Elekta AB Class B

     5,917         78,713  

Getinge AB Class B

     6,515         182,180  

Hexagon AB Class B

     5,153         174,772  

Husqvarna AB Class B

     27,117         189,046  

Investment AB Latour Class B

     10,051         303,380  

Lundbergforetagen AB Class B

     5,579       $ 263,395  

Meda AB Class A

     10,617         162,852  

Modern Times Group AB Class B

     2,837         132,233  

Saab AB Class B

     5,307         161,742  

Scania AB Class B

     18,675         547,846  

Securitas AB Class B

     23,580         272,585  

Skanska AB Class B

     22,876         538,068  

SKF AB Class B

     16,137         412,413  

Swedish Match AB

     10,084         328,950  

Tele2 AB Class B

     55,601         688,629  

Trelleborg AB Class B

     8,029         161,731  

Volvo AB Class A

     29,920         481,319  
     

 

 

 
Total Sweden               6,933,143  
Switzerland – 3.4%   

Actelion Ltd.*

     2,579         244,368  

Adecco S.A.*

     6,976         580,840  

Allreal Holding AG*

     1,146         165,410  

Aryzta AG*

     811         71,703  

Baloise Holding AG

     3,679         463,129  

Clariant AG*

     13,614         264,775  

DKSH Holding AG

     663         52,764  

Ems-Chemie Holding AG

     614         231,983  

Flughafen Zuerich AG

     81         52,129  

Galenica AG

     163         157,861  

GAM Holding AG*

     4,830         87,212  

Geberit AG

     436         142,890  

Julius Baer Group Ltd.*

     3,012         133,764  

Lonza Group AG*

     1,737         177,269  

OC Oerlikon Corp. AG*

     6,872         115,914  

Panalpina Welttransport Holding AG

     1,465         225,219  

Partners Group Holding AG

     1,683         473,263  

Schindler Holding AG

     1,709         251,315  

Schindler Holding AG Participating Shares

     1,719         253,564  

Sonova Holding AG*

     1,179         172,442  

Straumann Holding AG

     635         135,073  

Sulzer AG

     1,405         193,250  

Swiss Life Holding AG*

     786         193,086  
     

 

 

 
Total Switzerland               4,839,223  
United Kingdom – 15.6%   

Aberdeen Asset Management PLC

     80,478         523,661  

Admiral Group PLC

     20,788         494,898  

Aggreko PLC

     3,861         96,617  

AMEC PLC

     14,790         276,653  

Amlin PLC

     35,270         284,770  

Ashmore Group PLC

     44,213         244,642  

Ashtead Group PLC

     6,131         97,204  

Babcock International Group PLC

     9,697         217,761  

Balfour Beatty PLC

     51,518         257,321  

Booker Group PLC

     39,424         108,513  

British Land Co. PLC

     48,958         533,797  

Bunzl PLC

     9,815         261,155  

Burberry Group PLC

     8,646         201,078  

Capita PLC

     25,635         468,402  

 

See Notes to Financial Statements.

 

90   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Carnival PLC

     8,698       $ 331,200  

Close Brothers Group PLC

     6,251         147,150  

Cobham PLC

     50,584         252,150  

Croda International PLC

     4,164         176,744  

Daily Mail & General Trust PLC Class A

     24,454         354,278  

Derwent London PLC

     1,022         46,174  

Direct Line Insurance Group PLC

     62,269         246,553  

Drax Group PLC

     36,822         470,231  

DS Smith PLC

     25,746         139,283  

easyJet PLC

     11,433         326,888  

Essentra PLC

     3,409         49,587  

G4S PLC

     70,580         284,167  

GKN PLC

     61,752         401,813  

Halma PLC

     11,918         114,446  

Hammerson PLC

     25,703         237,393  

Hargreaves Lansdown PLC

     20,861         507,069  

Hikma Pharmaceuticals PLC

     2,622         72,607  

ICAP PLC

     53,371         335,979  

IG Group Holdings PLC

     32,715         342,244  

IMI PLC

     11,894         289,108  

Inchcape PLC

     22,239         239,509  

Inmarsat PLC

     33,179         401,859  

InterContinental Hotels Group PLC

     7,446         239,210  

Intertek Group PLC

     1,964         100,586  

Investec PLC

     46,754         377,882  

ITV PLC

     115,099         367,464  

J. Sainsbury PLC

     115,728         609,871  

Jardine Lloyd Thompson Group PLC

     11,092         196,755  

John Wood Group PLC

     4,394         56,186  

Johnson Matthey PLC

     6,215         338,919  

Jupiter Fund Management PLC

     8,813         58,888  

Ladbrokes PLC

     53,329         120,025  

London Stock Exchange Group PLC

     12,601         413,853  

Man Group PLC

     417,512         704,408  

Meggitt PLC

     23,360         186,895  

Melrose Industries PLC

     33,242         164,540  

Millennium & Copthorne Hotels PLC

     15,801         148,836  

Mondi PLC

     17,247         301,622  

Next PLC

     6,543         719,939  

Pennon Group PLC

     18,923         234,240  

PZ Cussons PLC

     11,028         64,753  

Rentokil Initial PLC

     49,186         100,861  

Rexam PLC

     37,040         300,605  

Rightmove PLC

     3,613         158,898  

Rotork PLC

     1,906         84,111  

Sage Group PLC (The)

     60,764         423,547  

Schroders PLC

     6,844         296,431  

Segro PLC

     58,087         321,508  

Serco Group PLC

     7,305         51,272  

Severn Trent PLC

     14,704         446,886  

Smith & Nephew PLC

     25,297         383,361  

Smiths Group PLC

     11,403         241,814  

Spectris PLC

     2,844         109,905  

Spirax-Sarco Engineering PLC

     989         47,651  

Stagecoach Group PLC

     29,772       $ 195,907  

TalkTalk Telecom Group PLC

     46,702         249,383  

Tate & Lyle PLC

     26,135         290,836  

Taylor Wimpey PLC

     26,664         52,365  

Travis Perkins PLC

     5,985         188,083  

TUI Travel PLC

     70,231         512,835  

United Utilities Group PLC

     43,508         571,571  

Vedanta Resources PLC

     15,353         230,874  

Victrex PLC

     1,559         52,216  

Weir Group PLC (The)

     5,994         253,420  

Whitbread PLC

     5,948         412,713  

William Hill PLC

     46,044         261,759  

WM Morrison Supermarkets PLC

     134,210         476,584  
     

 

 

 
Total United Kingdom               21,953,172  
TOTAL COMMON STOCKS
(Cost: $106,306,889)
              139,085,231  
EXCHANGE-TRADED FUNDS – 0.9%   
United States – 0.9%   

WisdomTree Australia Dividend Fund(a)

     10,016         611,578  

WisdomTree Japan Hedged Equity Fund(a)

     13,248         627,160  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $1,207,886)
              1,238,738  
RIGHTS – 0.0%   
Hong Kong – 0.0%   

New World Development Co., Ltd., expiring 5/17/2014*

     
(Cost: $0)      98,160         20,247  
TOTAL INVESTMENTS IN SECURITIES – 99.5%
(Cost: $107,514,775)
        140,344,216  

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

        737,654  
     

 

 

 
NET ASSETS – 100.0%             $ 141,081,870  
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      91   


Table of Contents

Schedule of Investments

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.3%      
Australia – 14.9%      

Acrux Ltd.

     236,348       $ 376,782  

Adelaide Brighton Ltd.

     1,372,750         5,102,058  

Alliance Aviation Services Ltd.

     83,274         101,881  

Amcom Telecommunications Ltd.

     299,144         576,704  

AP Eagers Ltd.

     59,201         279,839  

ARB Corp., Ltd.

     61,438         685,604  

Arrium Ltd.

     2,408,279         3,013,354  

Atlas Iron Ltd.

     1,010,814         913,451  

Ausdrill Ltd.

     1,306,620         968,833  

Austbrokers Holdings Ltd.

     62,649         598,082  

Austin Engineering Ltd.

     120,554         256,992  

Australian Pharmaceutical Industries Ltd.

     1,780,637         932,467  

Automotive Holdings Group Ltd.

     589,937         2,126,987  

BC Iron Ltd.

     273,225         1,200,351  

Beach Energy Ltd.

     830,203         1,311,953  

Bradken Ltd.

     533,069         2,154,167  

Breville Group Ltd.

     160,449         1,418,714  

Brickworks Ltd.

     121,869         1,603,951  

BT Investment Management Ltd.

     521,567         3,528,926  

Cabcharge Australia Ltd.

     388,363         1,457,815  

Cardno Ltd.

     303,530         2,025,553  

carsales.com Ltd.

     281,384         2,829,689  

Cash Converters International Ltd.

     511,295         452,569  

Cedar Woods Properties Ltd.

     342,654         2,366,038  

Chandler Macleod Group Ltd.

     286,607         110,241  

Codan Ltd.

     504,754         292,395  

Collins Foods Ltd.

     278,534         516,319  

Corporate Travel Management Ltd.

     84,735         498,708  

CSG Ltd.*

     792,563         672,147  

CSR Ltd.

     396,236         1,289,052  

Data#3 Ltd.

     442,509         272,743  

David Jones Ltd.

     1,435,564         4,324,297  

Decmil Group Ltd.

     426,312         817,914  

Domino’s Pizza Enterprises Ltd.

     65,325         1,210,930  

Downer EDI Ltd.

     372,115         1,731,372  

DuluxGroup Ltd.

     524,688         2,786,540  

DWS Ltd.

     365,161         380,756  

Envestra Ltd.

     2,888,852         3,012,225  

ERM Power Ltd.

     261,348         595,887  

Ethane Pipeline Income Fund

     264,885         249,191  

Fairfax Media Ltd.

     3,585,645         3,040,871  

Fantastic Holdings Ltd.

     308,378         543,058  

Finbar Group Ltd.

     704,361         1,168,578  

Forge Group Ltd.(a)

     123,094         0  

G8 Education Ltd.

     388,501         1,825,617  

Grange Resources Ltd.

     4,121,821         993,281  

GUD Holdings Ltd.

     266,168         1,344,503  

GWA Group Ltd.

     684,162         1,851,618  

iiNET Ltd.

     176,800         1,214,255  

Invocare Ltd.

     125,054         1,254,106  

IOOF Holdings Ltd.

     543,150         4,455,255  

Iress Ltd.

     221,306         1,759,908  
Investments    Shares      Value  

JB Hi-Fi Ltd.

     156,023       $ 2,711,437  

Lycopodium Ltd.

     85,440         293,003  

M2 Group Ltd.

     188,779         1,049,819  

MACA Ltd.

     273,314         557,306  

Magellan Financial Group Ltd.

     61,101         775,851  

MaxiTRANS Industries Ltd.

     410,265         437,292  

Melbourne IT Ltd.

     240,633         308,898  

Mermaid Marine Australia Ltd.

     217,796         476,400  

Mineral Resources Ltd.

     333,553         3,549,084  

Monadelphous Group Ltd.

     251,116         3,912,476  

Mortgage Choice Ltd.

     287,428         719,287  

Mount Gibson Iron Ltd.

     3,775,999         3,184,805  

Myer Holdings Ltd.

     1,861,557         3,847,607  

MyState Ltd.

     232,008         948,312  

Navitas Ltd.

     581,149         3,932,058  

NIB Holdings Ltd.

     774,085         2,008,890  

Northern Star Resources Ltd.

     754,969         790,710  

NRW Holdings Ltd.

     1,847,036         1,814,641  

Nufarm Ltd.

     131,789         486,152  

OrotonGroup Ltd.

     120,547         442,447  

OZ Minerals Ltd.

     682,109         2,250,678  

Pacific Brands Ltd.

     2,590,489         1,272,527  

PanAust Ltd.

     516,836         754,472  

Perpetual Ltd.

     36,796         1,705,219  

Prime Media Group Ltd.

     788,179         712,261  

Programmed Maintenance Services Ltd.

     247,604         665,526  

Qube Holdings Ltd.

     894,535         1,848,893  

RCG Corp., Ltd.

     469,752         348,312  

RCR Tomlinson Ltd.

     157,179         406,451  

Reckon Ltd.

     195,005         365,096  

Resolute Mining Ltd.*

     1,447,900         798,482  

Retail Food Group Ltd.

     227,879         922,986  

Ruralco Holdings Ltd.

     63,719         197,844  

SAI Global Ltd.

     287,849         1,093,851  

Sedgman Ltd.

     1,328,533         591,049  

Seven West Media Ltd.

     2,229,839         4,092,119  

Sigma Pharmaceuticals Ltd.

     3,149,251         1,941,058  

Silver Chef Ltd.

     51,595         239,582  

Skilled Group Ltd.

     598,622         1,531,339  

Slater & Gordon Ltd.

     157,036         665,158  

SMS Management & Technology Ltd.

     188,124         618,988  

STW Communications Group Ltd.

     1,070,441         1,388,994  

Super Retail Group Ltd.

     224,197         2,294,079  

Tassal Group Ltd.

     172,218         617,730  

Treasury Group Ltd.

     56,111         536,707  

UXC Ltd.

     528,001         418,418  

Village Roadshow Ltd.

     227,455         1,469,392  

Webjet Ltd.

     95,047         242,259  

Wotif.com Holdings Ltd.

     405,885         996,916  
     

 

 

 
Total Australia               137,727,388  
Austria – 0.9%      

AMAG Austria Metall AG

     23,482         780,297  

ams AG

     8,974         1,259,723  

 

See Notes to Financial Statements.

 

92   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Austria Technologie & Systemtechnik AG

     40,707       $ 490,914  

CAT Oil AG

     29,272         611,819  

Lenzing AG

     23,786         1,311,322  

Palfinger AG

     14,525         564,538  

POLYTEC Holding AG

     51,485         559,868  

RHI AG

     29,484         949,061  

S IMMO AG*

     87,509         645,862  

Wienerberger AG

     39,306         753,011  

Zumtobel AG

     27,315         677,644  
     

 

 

 
Total Austria               8,604,059  
Belgium – 1.4%      

Arseus N.V.

     25,736         1,386,547  

Barco N.V.

     7,148         572,385  

Cofinimmo

     35,398         4,219,612  

EVS Broadcast Equipment S.A.

     18,514         1,200,060  

Exmar N.V.

     85,259         1,400,698  

Melexis N.V.

     34,751         1,345,865  

NV Bekaert S.A.

     54,281         2,213,710  

Recticel S.A.

     55,357         515,759  
     

 

 

 
Total Belgium               12,854,636  
Denmark – 0.3%      

Aktieselskabet Schouw & Co.

     18,985         930,500  

D/S Norden A/S

     22,007         938,456  

NKT Holding A/S

     21,946         1,272,114  
     

 

 

 
Total Denmark               3,141,070  
Finland – 2.6%      

Cargotec Oyj Class B

     47,313         2,037,785  

Citycon Oyj

     240,102         853,775  

F-Secure Oyj

     168,438         557,159  

Huhtamaki Oyj

     106,435         2,919,210  

Kesko Oyj Class B

     93,067         4,062,297  

Lassila & Tikanoja Oyj

     42,518         849,706  

Metsa Board Oyj*

     197,434         908,858  

PKC Group Oyj

     21,975         685,396  

Raisio PLC Class V

     123,520         817,159  

Ramirent Oyj

     126,397         1,384,942  

Sanoma Oyj

     423,580         2,954,023  

Stockmann Oyj Abp Class B

     56,331         831,505  

Tieto Oyj

     99,487         2,557,249  

Tikkurila Oyj

     48,691         1,147,553  

Uponor Oyj

     55,348         1,009,229  
     

 

 

 
Total Finland               23,575,846  
France – 2.2%      

Akka Technologies

     9,544         342,530  

Albioma

     36,513         981,318  

Alten

     31,392         1,686,509  

April

     26,012         632,771  

Bourbon S.A.

     76,647         2,519,483  

Etablissements Maurel et Prom

     104,348         1,606,442  

IPSOS

     46,129         1,872,351  

Nexity S.A.

     78,229         3,356,408  

Rallye S.A.

     81,263         3,796,824  
Investments    Shares      Value  

Rubis

     37,424       $ 2,695,035  

Saft Groupe S.A.

     28,424         993,879  
     

 

 

 
Total France               20,483,550  
Germany – 3.8%      

Aurelius AG

     57,164         2,175,289  

Bauer AG

     290         7,666  

BayWa AG

     13,523         769,286  

Bechtle AG

     15,881         1,368,656  

Bertrandt AG

     6,322         968,918  

CompuGroup Medical AG

     27,359         686,277  

CropEnergies AG

     62,582         444,465  

CTS Eventim AG

     23,265         1,551,945  

Delticom AG

     16,039         785,638  

DMG MORI SEIKI AG

     31,458         964,042  

Drillisch AG

     143,068         5,193,811  

Gerresheimer AG

     11,811         764,683  

Gerry Weber International AG

     28,673         1,418,321  

Hamburger Hafen und Logistik AG

     62,116         1,493,490  

Indus Holding AG

     22,990         1,013,000  

Jenoptik AG

     31,736         576,058  

KHD Humboldt Wedag International AG

     8,861         75,816  

Leoni AG

     33,563         2,450,296  

NORMA Group SE

     18,539         982,833  

Pfeiffer Vacuum Technology AG

     10,392         1,270,000  

QSC AG

     133,081         663,976  

Rheinmetall AG

     43,152         3,036,159  

Sixt SE

     36,319         1,450,892  

SMA Solar Technology AG

     22,160         1,175,867  

Takkt AG

     50,165         1,106,238  

Wacker Neuson SE

     46,831         808,424  

Wincor Nixdorf AG

     21,744         1,562,866  
     

 

 

 
Total Germany               34,764,912  
Hong Kong – 3.5%      

China Power International Development Ltd.

     6,166,000         2,138,254  

China South City Holdings Ltd.

     10,824,000         4,939,630  

Chong Hing Bank Ltd.

     250,000         873,399  

Citic Telecom International Holdings Ltd.

     2,491,000         931,269  

CSPC Pharmaceutical Group Ltd.

     2,132,000         1,888,197  

Dah Chong Hong Holdings Ltd.

     1,586,000         1,032,519  

Dah Sing Banking Group Ltd.

     1,430,400         2,257,056  

Dah Sing Financial Holdings Ltd.

     258,800         1,217,757  

Emperor Watch & Jewellery Ltd.

     5,019,869         381,811  

Goldlion Holdings Ltd.

     1,917,000         889,668  

Kowloon Development Co., Ltd.

     1,877,000         2,267,291  

Liu Chong Hing Investment Ltd.

     446,000         919,937  

Shenzhen Investment Ltd.

     10,350,000         3,349,018  

Shougang Fushan Resources Group Ltd.

     7,870,000         2,394,364  

Shun Tak Holdings Ltd.

     2,056,000         1,057,546  

Singamas Container Holdings Ltd.

     3,366,000         772,392  

SinoMedia Holding Ltd.

     459,060         384,076  

Sun Hung Kai & Co., Ltd.

     3,252,000         2,087,773  

Tradelink Electronic Commerce Ltd.

     1,210,000         297,935  

Vitasoy International Holdings Ltd.

     553,364         803,254  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      93   


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Welling Holding Ltd.

     2,244,000       $ 682,713  

YGM Trading Ltd.

     258,000         532,161  
     

 

 

 
Total Hong Kong               32,098,020  
Ireland – 1.0%      

C&C Group PLC

     231,842         1,511,086  

FBD Holdings PLC

     32,971         840,682  

Grafton Group PLC

     91,207         983,801  

Greencore Group PLC

     481,307         2,212,247  

Irish Continental Group PLC

     26,133         1,096,742  

Kingspan Group PLC

     53,679         1,021,706  

Origin Enterprises PLC

     82,439         863,524  

UDG Healthcare PLC

     164,211         960,913  
     

 

 

 
Total Ireland               9,490,701  
Israel – 2.8%      

Avgol Industries 1953 Ltd.

     506,752         539,109  

Babylon Ltd.

     66,420         104,669  

Clal Insurance Enterprise Holdings Ltd.*

     224,893         4,456,427  

Delek Automotive Systems Ltd.

     215,132         2,270,809  

Elbit Systems Ltd.

     30,058         1,828,378  

Elron Electronic Industries Ltd.*

     118,374         1,148,416  

Harel Insurance Investments & Financial Services Ltd.

     160,699         971,980  

Ituran Location and Control Ltd.

     40,910         1,016,259  

Jerusalem Economy Ltd.

     74,637         769,861  

Magic Software Enterprises Ltd.

     65,673         527,808  

Matrix IT Ltd.

     125,448         724,260  

Migdal Insurance & Financial Holding Ltd.

     1,104,550         1,886,199  

Partner Communications Co., Ltd.*

     179,731         1,644,803  

Phoenix Holdings Ltd. (The)

     437,178         1,734,858  

Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.

     14,672         850,015  

Shikun & Binui Ltd.

     686,757         1,689,664  

Shufersal Ltd.

     525,599         2,097,788  

Strauss Group Ltd.

     66,226         1,196,950  
     

 

 

 
Total Israel               25,458,253  
Italy – 5.6%      

ACEA SpA

     217,530         3,219,966  

Ansaldo STS SpA

     102,876         1,205,914  

Astaldi SpA

     92,802         956,724  

ASTM SpA

     61,400         1,041,728  

Banca IFIS SpA

     75,437         1,664,576  

Brembo SpA

     55,087         2,086,381  

Cairo Communication SpA

     215,689         2,006,594  

Credito Emiliano SpA

     277,626         2,762,646  

Danieli & C Officine Meccaniche SpA

     33,353         1,112,904  

Datalogic SpA

     47,865         608,243  

ERG SpA

     222,934         3,610,290  

Geox SpA

     227,397         1,024,850  

I.M.A. Industria Macchine Automatiche SpA

     52,017         2,577,342  

Immobiliare Grande Distribuzione

     974,474         1,741,960  

Indesit Co. SpA

     86,896         1,326,989  

Interpump Group SpA

     77,416         1,192,890  

Intesa Sanpaolo SpA RSP

     2,443,641         6,937,971  
Investments    Shares      Value  

Iren SpA

     720,599       $ 1,301,046  

Italcementi SpA

     79,993         987,843  

MARR SpA

     111,765         2,190,450  

Piaggio & C. SpA

     62,063         222,399  

Salini Impregilo SpA

     299,879         1,830,955  

SAVE SpA

     52,326         952,682  

Societa Cattolica di Assicurazioni – Societa Cooperativa

     78,312         2,010,801  

Trevi Finanziaria Industriale SpA

     39,412         441,890  

Unipol Gruppo Finanziario SpA

     663,404         5,184,287  

Vittoria Assicurazioni SpA

     59,203         864,923  

Zignago Vetro SpA

     107,858         933,555  
     

 

 

 
Total Italy               51,998,799  
Japan – 22.6%      

77 Bank Ltd. (The)

     244,000         1,099,345  

Achilles Corp.

     232,000         322,144  

Adastria Holdings Co., Ltd.

     15,860         396,404  

ADEKA Corp.

     64,000         739,525  

ADVAN Co., Ltd.

     27,200         317,732  

Aeon Delight Co., Ltd.

     33,300         628,265  

Ai Holdings Corp.

     33,500         592,028  

Aica Kogyo Co., Ltd.

     31,600         705,427  

Aichi Steel Corp.

     170,000         670,195  

Aida Engineering Ltd.

     4,500         42,909  

Airport Facilities Co., Ltd.

     78,500         580,832  

Akebono Brake Industry Co., Ltd.

     90,100         404,197  

Akita Bank Ltd. (The)

     214,000         619,236  

Alpen Co., Ltd.

     26,100         472,403  

Amano Corp.

     61,000         631,412  

Anritsu Corp.

     80,200         922,824  

AOKI Holdings, Inc.

     43,000         612,109  

Aomori Bank Ltd. (The)

     241,000         666,942  

Arcs Co., Ltd.

     28,500         557,353  

Ariake Japan Co., Ltd.

     22,200         516,064  

Asahi Diamond Industrial Co., Ltd.

     49,500         631,097  

Asahi Holdings, Inc.

     31,700         515,585  

Asahi Organic Chemicals Industry Co., Ltd.

     219,000         495,480  

ASKUL Corp.

     24,800         782,638  

Avex Group Holdings, Inc.

     23,000         404,904  

Awa Bank Ltd. (The)

     54,000         287,867  

Axell Corp.

     25,700         421,741  

Azbil Corp.

     54,200         1,340,988  

Bank of Iwate Ltd. (The)

     16,600         803,525  

Bank of Nagoya Ltd. (The)

     166,000         649,590  

Bank of Okinawa Ltd. (The)

     8,300         350,988  

Bank of Saga Ltd. (The)

     258,000         561,169  

Bank of the Ryukyus Ltd.

     47,000         626,606  

Calsonic Kansei Corp.

     172,000         800,000  

Canon Electronics, Inc.

     33,900         592,513  

Canon Marketing Japan, Inc.

     73,800         1,015,435  

Capcom Co., Ltd.

     52,100         990,550  

Central Glass Co., Ltd.

     189,000         614,798  

Chiyoda Co., Ltd.

     27,200         590,828  

Citizen Holdings Co., Ltd.

     152,800         1,152,844  

 

See Notes to Financial Statements.

 

94   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Coca-Cola West Co., Ltd.

     62,400       $ 1,091,250  

COMSYS Holdings Corp.

     54,600         857,822  

CONEXIO Corp.

     55,600         440,546  

CyberAgent, Inc.

     27,443         1,052,579  

Daifuku Co., Ltd.

     43,500         538,972  

Daiichi Jitsugyo Co., Ltd.

     4,000         17,828  

Daiken Corp.

     203,000         553,896  

Daikoku Denki Co., Ltd.

     18,100         391,579  

Daikyo, Inc.

     606,000         1,218,061  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     76,000         353,488  

Daio Paper Corp.

     48,000         577,482  

Daisan Bank Ltd. (The)

     292,000         513,201  

Daiseki Co., Ltd.

     24,700         426,917  

Daishi Bank Ltd. (The)

     244,000         897,956  

Daiwabo Holdings Co., Ltd.

     221,000         386,270  

DCM Holdings Co., Ltd.

     91,900         615,730  

Denki Kagaku Kogyo K.K.

     404,000         1,388,707  

Doshisha Co., Ltd.

     28,300         436,928  

Doutor Nichires Holdings Co., Ltd.

     35,900         633,396  

Dunlop Sports Co., Ltd.

     46,349         563,470  

Earth Chemical Co., Ltd.

     22,500         820,386  

EDION Corp.

     113,500         633,709  

Eighteenth Bank Ltd. (The)

     248,000         544,235  

Elematec Corp.

     16,600         287,883  

EXEDY Corp.

     27,100         759,963  

Ezaki Glico Co., Ltd.

     50,000         663,689  

FCC Co., Ltd.

     25,400         453,074  

France Bed Holdings Co., Ltd.

     203,000         380,434  

Fuji Oil Co., Ltd.

     33,700         432,601  

Fujikura Ltd.

     169,000         774,559  

Fujimi, Inc.

     29,900         373,659  

Fujitec Co., Ltd.

     37,000         501,908  

Fujitsu General Ltd.

     25,000         241,783  

Fukui Bank Ltd. (The)

     225,000         554,935  

Fukuyama Transporting Co., Ltd.

     168,000         1,011,409  

Furukawa Electric Co., Ltd.

     233,000         581,454  

GCA Savvian Corp.

     17,600         151,929  

GMO Internet, Inc.

     72,400         723,402  

GS Yuasa Corp.

     170,000         902,947  

Gulliver International Co., Ltd.

     48,540         377,536  

Gunze Ltd.

     277,000         736,981  

H2O RETAILING Corp.

     83,000         663,291  

Hakuto Co., Ltd.

     47,800         448,828  

Hanwa Co., Ltd.

     213,000         827,305  

Heiwa Real Estate Co., Ltd.

     23,800         380,855  

Heiwado Co., Ltd.

     31,400         442,408  

Higashi-Nippon Bank Ltd. (The)

     301,000         742,380  

Higo Bank Ltd. (The)

     85,000         453,950  

Hitachi Koki Co., Ltd.

     106,800         838,969  

Hitachi Kokusai Electric, Inc.

     27,000         324,834  

Hitachi Transport System Ltd.

     45,000         732,340  

Hitachi Zosen Corp.

     111,100         530,769  

Hogy Medical Co., Ltd.

     6,600         338,379  
Investments    Shares      Value  

Hokkoku Bank Ltd. (The)

     208,000       $ 729,116  

Hokuetsu Bank Ltd. (The)

     328,000         687,945  

Hokuetsu Kishu Paper Co., Ltd.

     149,500         751,964  

Hokuto Corp.

     30,200         629,600  

HORIBA Ltd.

     19,200         725,232  

Hyakugo Bank Ltd. (The)

     210,000         864,592  

Hyakujushi Bank Ltd. (The)

     229,000         787,163  

Ichiyoshi Securities Co., Ltd.

     22,597         302,581  

IDEC Corp.

     51,200         480,754  

Iida Group Holdings Co., Ltd.

     51,824         719,100  

Inaba Denki Sangyo Co., Ltd.

     28,600         921,998  

Inabata & Co., Ltd.

     62,300         636,399  

IT Holdings Corp.

     38,700         636,576  

Ito En Ltd.

     44,300         993,669  

Itochu Enex Co., Ltd.

     133,200         766,982  

Iwatani Corp.

     179,000         1,171,491  

Izumi Co., Ltd.

     28,800         852,940  

Japan Aviation Electronics Industry Ltd.

     20,000         299,461  

Japan Pulp & Paper Co., Ltd.

     203,000         689,906  

Japan Vilene Co., Ltd.

     46,000         260,854  

Japan Wool Textile Co., Ltd. (The)

     51,000         396,174  

J-Oil Mills, Inc.

     188,000         502,015  

Jowa Holdings Co., Ltd.

     23,100         763,757  

Juroku Bank Ltd. (The)

     242,000         845,948  

kabu.com Securities Co., Ltd.

     40,000         189,931  

KAGA ELECTRONICS Co., Ltd.

     48,800         675,244  

Kagome Co., Ltd.

     33,100         562,139  

Kagoshima Bank Ltd. (The)

     80,000         508,812  

Kaken Pharmaceutical Co., Ltd.

     55,000         871,583  

Kamigumi Co., Ltd.

     78,000         759,664  

Kandenko Co., Ltd.

     177,000         898,878  

Kaneka Corp.

     271,000         1,647,288  

Kato Sangyo Co., Ltd.

     29,000         618,100  

Kawasaki Kisen Kaisha Ltd.

     271,000         586,814  

Keihin Corp.

     34,200         499,459  

Keiyo Bank Ltd. (The)

     213,000         910,035  

Kitz Corp.

     80,000         392,290  

Kiyo Bank Ltd. (The)

     51,591         662,264  

KOA Corp.

     32,900         367,384  

Kobayashi Pharmaceutical Co., Ltd.

     20,300         1,172,841  

Kohnan Shoji Co., Ltd.

     35,200         357,178  

KOKUYO Co., Ltd.

     90,900         666,403  

Komeri Co., Ltd.

     23,700         645,977  

Konaka Co., Ltd.

     27,100         188,675  

Kose Corp.

     26,600         875,603  

K’s Holdings Corp.

     27,500         766,107  

Kurabo Industries Ltd.

     299,000         540,020  

Kureha Corp.

     202,000         957,188  

KYB Co., Ltd.

     119,000         503,802  

Kyodo Printing Co., Ltd.

     71,000         201,311  

KYORIN Holdings, Inc.

     44,800         857,414  

Kyoto Kimono Yuzen Co., Ltd.

     35,900         353,126  

Kyowa Exeo Corp.

     61,300         789,278  

Lintec Corp.

     35,400         676,479  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      95   


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Lion Corp.

     228,000       $ 1,352,702  

Maeda Corp.

     34,000         214,594  

Maeda Road Construction Co., Ltd.

     27,000         377,269  

Makino Milling Machine Co., Ltd.

     61,000         430,616  

Mandom Corp.

     19,100         691,780  

Mars Engineering Corp.

     24,700         466,011  

Maruha Nichiro Corp.*

     58,200         943,769  

Matsumotokiyoshi Holdings Co., Ltd.

     27,400         874,001  

Meitec Corp.

     35,100         998,621  

Mie Bank Ltd. (The)

     261,000         585,435  

Mimasu Semiconductor Industry Co., Ltd.

     45,700         407,810  

Minebea Co., Ltd.

     207,000         1,845,181  

Mitsubishi Shokuhin Co., Ltd.

     26,600         604,140  

Mitsuboshi Belting Ltd.

     62,000         351,585  

Mitsui Engineering & Shipbuilding Co., Ltd.

     426,000         901,762  

Mitsui Mining & Smelting Co., Ltd.

     236,000         545,400  

MITSUI-SOKO Co., Ltd.

     48,000         192,028  

Miura Co., Ltd.

     23,800         656,560  

Miyazaki Bank Ltd. (The)

     181,000         551,867  

Mizuno Corp.

     60,000         338,496  

Mochida Pharmaceutical Co., Ltd.

     8,800         631,471  

Modec, Inc.

     8,400         213,049  

Monex Group, Inc.

     243,238         947,113  

Morinaga & Co., Ltd.

     289,000         634,209  

Morinaga Milk Industry Co., Ltd.

     301,000         970,355  

Moshi Moshi Hotline, Inc.

     76,600         705,120  

Musashi Seimitsu Industry Co., Ltd.

     20,100         414,745  

Musashino Bank Ltd. (The)

     23,000         763,801  

Nachi-Fujikoshi Corp.

     95,000         627,276  

Nagaileben Co., Ltd.

     29,000         619,789  

Nagase & Co., Ltd.

     67,100         830,728  

Nanto Bank Ltd. (The)

     176,000         664,796  

NEC Networks & System Integration Corp.

     28,900         588,748  

NET One Systems Co., Ltd.

     92,946         632,666  

NICHIAS Corp.

     55,000         353,547  

Nichicon Corp.

     32,600         258,622  

Nichii Gakkan Co.

     49,200         458,152  

Nichi-Iko Pharmaceutical Co., Ltd.

     22,300         344,293  

Nichirei Corp.

     193,000         817,090  

NIDEC COPAL ELECTRONICS Corp.

     74,400         484,754  

Nifco, Inc.

     30,100         852,276  

Nihon Kohden Corp.

     20,800         831,111  

Nihon Parkerizing Co., Ltd.

     19,000         440,569  

Nihon Unisys Ltd.

     48,800         478,120  

Nikkiso Co., Ltd.

     1,000         11,128  

Nippo Corp.

     21,000         290,576  

Nippon Beet Sugar Manufacturing Co., Ltd.

     275,000         534,058  

Nippon Coke & Engineering Co., Ltd.

     651,900         784,926  

Nippon Flour Mills Co., Ltd.

     174,000         954,605  

Nippon Kayaku Co., Ltd.

     58,000         654,989  

Nippon Konpo Unyu Soko Co., Ltd.

     47,400         837,215  

Nippon Shinyaku Co., Ltd.

     20,000         380,055  

Nippon Shokubai Co., Ltd.

     59,000         698,364  

Nippon Steel & Sumikin Bussan Corp.

     36,000         115,706  
Investments    Shares      Value  

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

     29,000       $ 208,661  

Nippon Valqua Industries Ltd.

     248,000         688,722  

Nishimatsu Construction Co., Ltd.

     185,000         599,990  

Nishi-Nippon City Bank Ltd. (The)

     548,000         1,234,510  

Nishi-Nippon Railroad Co., Ltd.

     189,000         715,735  

Nissan Chemical Industries Ltd.

     83,700         1,258,934  

Nisshin Oillio Group Ltd. (The)

     286,000         933,107  

Nisshinbo Holdings, Inc.

     66,000         565,247  

Nissin Electric Co., Ltd.

     34,000         175,637  

Nissin Kogyo Co., Ltd.

     33,400         624,314  

Nitto Boseki Co., Ltd.

     92,000         430,587  

Nitto Kogyo Corp.

     25,700         540,527  

NOF Corp.

     81,000         587,532  

NORITAKE Co., Ltd.

     206,000         522,076  

Noritz Corp.

     26,600         496,950  

North Pacific Bank Ltd.

     37,600         152,978  

NS Solutions Corp.

     33,000         749,818  

Ogaki Kyoritsu Bank Ltd. (The)

     397,000         1,087,090  

Oita Bank Ltd. (The)

     177,000         689,197  

Okamura Corp.

     45,000         395,009  

Okinawa Electric Power Co., Inc. (The)

     6,400         217,197  

OKUMA Corp.

     72,000         583,075  

OKUMURA Corp.

     181,000         808,467  

Onward Holdings Co., Ltd.

     164,000         1,138,612  

OSG Corp.

     45,000         782,153  

PACK Corp. (The)

     30,800         589,173  

PAL Co., Ltd.

     16,400         315,786  

Paltac Corp.

     44,476         508,309  

PanaHome Corp.

     83,000         571,413  

Paramount Bed Holdings Co., Ltd.

     12,571         393,664  

Parco Co., Ltd.

     53,500         456,634  

Pigeon Corp.

     18,300         828,062  

Plenus Co., Ltd.

     48,700         1,134,450  

Pola Orbis Holdings, Inc.

     20,717         825,783  

Press Kogyo Co., Ltd.

     130,000         472,108  

Relo Holdings, Inc.

     10,199         557,561  

Rengo Co., Ltd.

     199,000         1,070,505  

Resorttrust, Inc.

     52,800         818,776  

RIKEN Corp.

     79,000         319,882  

Riso Kagaku Corp.

     17,520         434,321  

Riso Kyoiku Co., Ltd.

     51,606         127,781  

Round One Corp.

     88,700         761,381  

Ryobi Ltd.

     82,000         250,813  

Ryoden Trading Co., Ltd.

     52,000         354,964  

Ryohin Keikaku Co., Ltd.

     6,600         637,025  

Ryosan Co., Ltd.

     30,800         651,679  

SAIBUGAS Co., Ltd.

     280,078         709,816  

San-Ai Oil Co., Ltd.

     80,000         490,945  

Sanden Corp.

     84,000         375,200  

San-In Godo Bank Ltd. (The)

     59,000         399,883  

Sankyo Seiko Co., Ltd.

     112,000         407,826  

Sankyu, Inc.

     267,000         1,003,340  

Sanwa Holdings Corp.

     134,000         870,476  

Sanyo Chemical Industries Ltd.

     60,000         385,105  

 

See Notes to Financial Statements.

 

96   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Sanyo Shokai Ltd.

     184,000       $ 537,787  

Sapporo Holdings Ltd.

     302,000         1,190,581  

Sato Holdings Corp.

     24,200         561,851  

Sawai Pharmaceutical Co., Ltd.

     9,000         553,187  

Seino Holdings Corp.

     52,000         496,344  

Senko Co., Ltd.

     118,000         513,317  

Senshu Ikeda Holdings, Inc.

     267,554         1,223,653  

Senshukai Co., Ltd.

     51,100         417,791  

Shiga Bank Ltd. (The)

     76,000         413,264  

Shikoku Bank Ltd. (The)

     205,000         422,003  

Shimachu Co., Ltd.

     32,100         701,316  

Shinko Electric Industries Co., Ltd.

     57,100         413,065  

Shinko Plantech Co., Ltd.

     58,300         452,315  

SHIP HEALTHCARE HOLDINGS, Inc.

     10,788         414,822  

Showa Corp.

     46,000         506,520  

Sinanen Co., Ltd.

     186,000         713,405  

Sotetsu Holdings, Inc.

     302,000         1,108,472  

Square Enix Holdings Co., Ltd.

     75,500         1,557,873  

St. Marc Holdings Co., Ltd.

     8,200         404,486  

Star Micronics Co., Ltd.

     45,500         549,614  

Start Today Co., Ltd.

     27,128         696,211  

Starzen Co., Ltd.

     193,000         517,240  

Studio Alice Co., Ltd.

     300         3,790  

Sugi Holdings Co., Ltd.

     17,400         774,666  

Sumitomo Bakelite Co., Ltd.

     208,000         801,826  

Sumitomo Osaka Cement Co., Ltd.

     276,000         1,144,361  

Sumitomo Warehouse Co., Ltd. (The)

     77,000         376,084  

Systena Corp.

     51,900         374,440  

Tadano Ltd.

     23,000         299,714  

Taikisha Ltd.

     22,600         491,128  

Taiyo Holdings Co., Ltd.

     23,500         697,116  

Taiyo Yuden Co., Ltd.

     23,300         288,012  

Takara Standard Co., Ltd.

     59,000         453,163  

Takasago Thermal Engineering Co., Ltd.

     86,000         882,672  

Takata Corp.

     30,100         758,163  

Tamron Co., Ltd.

     23,600         560,295  

Temp Holdings Co., Ltd.

     8,700         231,302  

T-Gaia Corp.

     77,800         703,324  

TOA Corp.

     32,000         325,329  

TOAGOSEI Co., Ltd.

     209,000         897,004  

Toda Corp.

     189,000         622,139  

Toho Bank Ltd. (The)

     212,000         691,674  

Toho Holdings Co., Ltd.

     23,300         494,122  

Tokai Carbon Co., Ltd.

     200,000         679,711  

Tokai Rika Co., Ltd.

     36,300         611,198  

Tokai Rubber Industries Ltd.

     57,300         588,106  

Token Corp.

     6,590         300,113  

Tokuyama Corp.

     147,000         482,459  

TOKYO DOME Corp.

     34,000         174,977  

TOKYOTOKEIBA Co., Ltd.

     55,000         164,490  

Tokyu Fudosan Holdings Corp.

     78,500         586,930  

TOMONY Holdings, Inc.

     137,590         573,153  

TOMY Co., Ltd.

     85,200         395,452  

Toppan Forms Co., Ltd.

     82,800         772,645  
Investments    Shares      Value  

Topy Industries Ltd.

     217,000       $ 383,493  

Toshiba Machine Co., Ltd.

     6,000         28,431  

Toshiba Plant Systems & Services Corp.

     20,000         298,684  

Toshiba TEC Corp.

     86,000         490,188  

TOSOH Corp.

     261,000         1,008,671  

Towa Bank Ltd. (The)

     294,000         288,333  

Toyo Ink SC Holdings Co., Ltd.

     220,000         890,809  

Toyo Kohan Co., Ltd.

     78,000         383,240  

Toyo Securities Co., Ltd.

     96,000         329,058  

Toyo Tire & Rubber Co., Ltd.

     106,000         752,401  

Toyobo Co., Ltd.

     678,000         1,066,524  

Tsubakimoto Chain Co.

     5,000         35,830  

Tsumura & Co.

     37,600         905,452  

Tsuruha Holdings, Inc.

     6,000         591,348  

UACJ Corp.

     348,540         1,441,744  

Ube Industries, Ltd.

     777,000         1,433,510  

Unipres Corp.

     21,900         394,470  

United Arrows Ltd.

     17,600         652,833  

UNY Group Holdings Co., Ltd.

     210,900         1,257,393  

USHIO, Inc.

     53,800         695,845  

Valor Co., Ltd.

     25,900         326,186  

Wacoal Holdings Corp.

     77,000         787,309  

Wacom Co., Ltd.

     91,300         642,739  

Xebio Co., Ltd.

     24,300         423,542  

Yachiyo Bank Ltd. (The)

     8,300         227,437  

Yamazen Corp.

     76,600         506,526  

Yokohama Reito Co., Ltd.

     57,600         480,443  

Yuasa Trading Co., Ltd.

     284,000         581,871  

ZENRIN Co., Ltd.

     35,300         357,165  

Zensho Holdings Co., Ltd.

     55,000         539,933  

ZERIA Pharmaceutical Co., Ltd.

     25,300         514,918  
     

 

 

 
Total Japan               209,176,294  
Netherlands – 1.3%      

Amsterdam Commodities N.V.

     37,190         913,658  

Arcadis N.V.

     41,399         1,592,778  

BE Semiconductor Industries N.V.

     79,068         1,222,160  

BinckBank N.V.

     133,623         1,580,695  

Brunel International N.V.

     17,685         1,240,167  

Corbion N.V.

     78,479         1,852,843  

Koninklijke BAM Groep N.V.

     187,386         1,123,451  

Koninklijke Ten Cate N.V.

     20,644         635,631  

TKH Group N.V.

     35,112         1,226,765  

USG People N.V.

     54,189         875,320  
     

 

 

 
Total Netherlands               12,263,468  
New Zealand – 2.7%      

Air New Zealand Ltd.

     1,429,380         2,536,504  

Ebos Group Ltd.

     76,193         677,694  

Fisher & Paykel Healthcare Corp., Ltd.

     845,886         3,119,574  

Freightways Ltd.

     222,066         932,657  

Infratil Ltd.

     920,359         1,804,929  

Kathmandu Holdings Ltd.

     297,078         992,489  

Mainfreight Ltd.

     74,533         856,957  

Nuplex Industries Ltd.

     373,851         1,122,455  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      97   


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

NZX Ltd.

     446,176       $ 495,576  

PGG Wrightson Ltd.

     2,413,543         858,684  

Port of Tauranga Ltd.

     89,390         1,101,468  

Restaurant Brands New Zealand Ltd.

     246,657         627,127  

SKY Network Television Ltd.

     614,341         3,331,839  

SKYCITY Entertainment Group Ltd.

     895,801         3,054,911  

TOWER Ltd.

     359,913         490,334  

Trade Me Ltd.

     543,245         1,918,601  

Warehouse Group Ltd. (The)

     433,484         1,211,221  
     

 

 

 
Total New Zealand               25,133,020  
Norway – 1.6%      

Atea ASA

     242,775         2,666,164  

Austevoll Seafood ASA

     191,732         1,136,868  

Borregaard ASA

     112,363         752,584  

Cermaq ASA

     23,131         256,923  

Ekornes ASA

     31,782         504,303  

Kvaerner ASA

     776,198         1,659,471  

Leroey Seafood Group ASA

     63,401         2,059,694  

SpareBank 1 SMN

     111,826         1,003,941  

Tomra Systems ASA

     79,258         761,199  

Veidekke ASA

     169,771         1,758,095  

Wilh. Wilhelmsen ASA Class B

     212,228         2,011,665  
     

 

 

 
Total Norway               14,570,907  
Portugal – 1.3%      

Mota-Engil, SGPS, S.A.

     247,165         2,009,865  

Semapa – Sociedade de Investimento e Gestao, SGPS, S.A.

     74,487         1,093,347  

Sonae

     2,444,168         4,594,871  

Sonaecom, SGPS, S.A.

     735,591         2,189,868  

ZON OPTIMUS, SGPS, S.A.

     262,159         2,059,527  
     

 

 

 
Total Portugal               11,947,478  
Singapore – 3.9%      

Boustead Singapore Ltd.

     607,000         902,620  

Chip Eng Seng Corp., Ltd.

     1,074,000         627,721  

CitySpring Infrastructure Trust

     4,174,655         1,560,246  

Cosco Corp. Singapore Ltd.

     1,936,000         1,100,744  

CSE Global Ltd.

     1,151,000         540,010  

Dyna-Mac Holdings Ltd.

     2,343,561         717,483  

Fragrance Group Ltd.

     4,433,369         898,977  

Global Premium Hotels Ltd.

     1,837,000         482,056  

Goodpack Ltd.

     370,000         629,637  

GuocoLand Ltd.

     591,000         1,029,216  

Ho Bee Land Ltd.

     616,000         1,067,854  

Hotel Properties Ltd.

     328,000         772,041  

Hyflux Ltd.

     622,000         605,900  

K1 Ventures Ltd.

     9,582,000         1,493,437  

K-Green Trust

     1,438,594         1,189,724  

Low Keng Huat (Singapore) Ltd.

     1,449,897         778,244  

OSIM International Ltd.

     913,000         1,880,379  

Oxley Holdings Ltd.

     2,977,000         1,621,602  

Pan-United Corp., Ltd.

     802,000         669,635  

Petra Foods Ltd.

     237,000         695,424  

QAF Ltd.

     825,632         561,342  
Investments    Shares      Value  

Raffles Medical Group Ltd.

     297,000       $ 758,117  

Rickmers Maritime

     2,647,000         599,893  

Saizen REIT

     1,018,400         720,748  

Sinarmas Land Ltd.

     821,000         372,128  

Singapore Post Ltd.

     2,674,000         2,891,845  

SMRT Corp., Ltd.

     2,129,000         1,726,834  

Stamford Land Corp., Ltd.

     2,040,000         948,988  

Super Group Ltd.

     263,000         727,796  

Technics Oil & Gas Ltd.*

     160,000         92,879  

UMS Holdings Ltd.

     1,851,014         1,177,537  

United Engineers Ltd.

     542,000         892,163  

Venture Corp., Ltd.

     511,000         3,031,339  

Wee Hur Holdings Ltd.

     1,973,000         549,123  

Wing Tai Holdings Ltd.

     864,000         1,257,302  
     

 

 

 
Total Singapore               35,570,984  
Spain – 1.0%      

Abengoa S.A. Class B

     590,617         2,746,496  

Atresmedia Corp de Medios de Comunicaion S.A.*

     126,731         1,951,030  

Caja de Ahorros del Mediterraneo*

     46,484         85,849  

Cie Automotive S.A.

     72,128         855,426  

Duro Felguera S.A.

     301,793         2,067,252  

Ence Energia y Celulosa S.A.

     227,487         686,639  

Faes Farma S.A.

     128,074         440,412  

Pescanova S.A.*†

     7,082         0  
     

 

 

 
Total Spain               8,833,104  
Sweden – 5.3%      

AarhusKarlshamn AB

     16,941         1,110,491  

AF AB Class B

     30,615         1,133,268  

Atrium Ljungberg AB Class B

     130,862         1,985,066  

Axis Communications AB

     52,810         1,804,983  

B&B Tools AB Class B

     32,853         602,989  

Bilia AB Class A

     42,613         1,363,789  

BillerudKorsnas AB

     180,978         2,498,250  

BioGaia AB Class B

     20,634         676,285  

Byggmax Group AB

     99,928         782,187  

Clas Ohlson AB Class B

     86,939         1,837,056  

Concentric AB

     44,158         612,970  

Duni AB

     84,067         1,102,127  

Fabege AB

     220,090         2,865,035  

Gunnebo AB

     89,127         526,496  

Hexpol AB

     14,433         1,269,987  

Holmen AB Class B

     77,998         2,857,158  

Indutrade AB

     30,234         1,440,924  

Intrum Justitia AB

     69,507         1,893,243  

JM AB

     99,751         3,267,826  

Kungsleden AB

     119,613         987,005  

Loomis AB Class B

     61,151         1,570,381  

Mekonomen AB

     32,739         901,344  

NCC AB Class B

     114,511         4,136,388  

New Wave Group AB Class B

     72,521         511,172  

Nibe Industrier AB Class B

     47,941         1,231,143  

Nobia AB

     61,782         545,537  

 

See Notes to Financial Statements.

 

98   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Nolato AB Class B

     42,445       $ 1,067,091  

Peab AB

     320,737         2,262,728  

Ratos AB Class B

     403,752         3,736,397  

Wihlborgs Fastigheter AB

     104,639         2,033,533  
     

 

 

 
Total Sweden               48,612,849  
Switzerland – 2.7%      

Ascom Holding AG*

     40,327         828,590  

Basilea Pharmaceutica AG*

     18,718         2,138,050  

EFG International AG*

     37,389         486,753  

Georg Fischer AG*

     3,356         2,604,334  

Implenia AG*

     14,133         1,057,555  

Kudelski S.A.

     28,502         413,002  

Logitech International S.A.

     627,036         9,369,871  

Mobilezone Holding AG

     84,714         938,869  

Nobel Biocare Holding AG*

     58,931         847,256  

Swissquote Group Holding S.A.

     12,842         530,631  

Tecan Group AG

     5,577         669,227  

Temenos Group AG*

     25,658         903,338  

Valiant Holding AG

     9,549         961,548  

Vontobel Holding AG

     70,798         2,801,144  

Zehnder Group AG

     13,646         599,383  
     

 

 

 
Total Switzerland               25,149,551  
United Kingdom – 16.9%      

A.G. BARR PLC

     70,943         721,463  

Abcam PLC

     97,524         632,464  

African Barrick Gold PLC

     1,012,621         4,448,384  

Alent PLC

     119,944         633,888  

Bank of Georgia Holdings PLC

     38,852         1,614,769  

BBA Aviation PLC

     409,743         2,266,536  

Berendsen PLC

     147,411         2,747,555  

Betfair Group PLC

     42,001         774,443  

Bodycote PLC

     114,356         1,538,534  

Bovis Homes Group PLC

     49,019         731,821  

Brammer PLC

     101,405         827,536  

Brewin Dolphin Holdings PLC

     262,841         1,481,101  

Britvic PLC

     246,090         3,044,196  

Cable & Wireless Communications PLC

     5,346,400         4,688,370  

Carillion PLC

     756,869         4,562,720  

Carphone Warehouse Group PLC

     283,069         1,533,263  

Chemring Group PLC

     183,213         794,153  

Chesnara PLC

     258,666         1,323,892  

Chime Communications PLC

     97,206         554,235  

Cineworld Group PLC

     182,974         947,928  

Computacenter PLC

     141,622         1,554,752  

Costain Group PLC

     144,869         700,403  

Cranswick PLC

     40,447         824,684  

CSR PLC

     77,282         934,739  

Dairy Crest Group PLC

     174,765         1,409,015  

Darty PLC

     490,624         961,084  

De La Rue PLC

     111,191         1,509,856  

Debenhams PLC

     1,571,275         2,094,331  

Dechra Pharmaceuticals PLC

     48,564         540,836  

Development Securities PLC

     156,847         611,881  
Investments    Shares      Value  

Devro PLC

     136,208       $ 535,907  

Diploma PLC

     89,029         1,064,947  

Domino Printing Sciences PLC

     100,275         1,314,819  

Domino’s Pizza Group PLC

     101,105         929,593  

E2V Technologies PLC

     253,139         658,352  

Electrocomponents PLC

     593,716         2,801,173  

Elementis PLC

     277,671         1,326,264  

EMIS Group PLC

     37,370         403,713  

Euromoney Institutional Investor PLC

     79,543         1,588,669  

F&C Asset Management PLC

     634,164         1,289,841  

Fenner PLC

     164,891         1,095,744  

Ferrexpo PLC

     558,626         1,439,811  

Fidessa Group PLC

     22,904         968,738  

Galliford Try PLC

     76,932         1,701,973  

Genus PLC

     22,028         363,567  

Go-Ahead Group PLC

     64,805         2,012,779  

Greggs PLC

     152,310         1,283,584  

Halfords Group PLC

     403,163         3,103,911  

Hays PLC

     1,323,109         3,198,441  

Helical Bar PLC

     132,832         827,673  

Hill & Smith Holdings PLC

     109,682         993,824  

Hilton Food Group PLC

     89,646         753,992  

Home Retail Group PLC

     699,901         2,527,376  

Homeserve PLC

     329,979         1,732,892  

Hunting PLC

     68,925         989,935  

Huntsworth PLC

     527,036         595,284  

Interserve PLC

     141,297         1,719,612  

ITE Group PLC

     188,283         599,541  

J D Wetherspoon PLC

     74,317         1,061,183  

James Fisher & Sons PLC

     30,944         754,737  

James Halstead PLC

     122,401         588,460  

John Menzies PLC

     67,664         738,880  

Kcom Group PLC

     976,180         1,614,419  

Keller Group PLC

     43,729         782,976  

Kier Group PLC

     73,387         2,023,622  

Laird PLC

     428,125         2,143,387  

Lookers PLC

     293,912         733,768  

Low & Bonar PLC

     9,839         13,902  

Marshalls PLC

     295,046         870,638  

Marston’s PLC

     852,391         2,046,332  

Michael Page International PLC

     215,391         1,762,410  

Micro Focus International PLC

     151,349         2,095,530  

Mitie Group PLC

     400,083         2,171,080  

Moneysupermarket.com Group PLC

     590,290         1,841,255  

Morgan Advanced Materials PLC

     272,252         1,625,362  

Morgan Sindall Group PLC

     63,318         806,483  

N. Brown Group PLC

     233,851         2,228,077  

National Express Group PLC

     580,515         2,710,824  

NCC Group PLC

     206,298         644,868  

NMC Health PLC

     70,686         594,524  

Northgate PLC

     9,928         86,068  

Novae Group PLC

     97,282         940,665  

Pace PLC

     117,338         881,464  

Photo-Me International PLC

     397,798         900,279  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      99   


Table of Contents

Schedule of Investments (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Polar Capital Holdings PLC

     82,281       $ 666,669  

Premier Farnell PLC

     559,859         2,183,150  

QinetiQ Group PLC

     336,254         1,266,364  

Rank Group PLC

     303,946         801,130  

Renishaw PLC

     48,996         1,592,832  

Restaurant Group PLC

     140,116         1,665,528  

Ricardo PLC

     69,779         755,577  

RPC Group PLC

     173,801         1,829,786  

RPS Group PLC

     179,765         936,847  

Safestore Holdings PLC

     102,189         403,764  

Savills PLC

     86,127         958,441  

Senior PLC

     196,102         1,005,314  

Shanks Group PLC

     520,304         960,673  

SIG PLC

     459,683         1,541,151  

Smiths News PLC

     344,367         871,214  

Spirent Communications PLC

     309,448         509,963  

Spirit Pub Co. PLC

     633,210         857,721  

ST Modwen Properties PLC

     110,878         739,401  

St. Ives PLC

     183,731         606,488  

SThree PLC

     153,894         1,026,258  

Synergy Health PLC

     30,916         711,274  

Synthomer PLC

     282,145         1,332,111  

Ted Baker PLC

     25,401         909,620  

Telecom Plus PLC

     52,298         1,559,804  

TT electronics PLC

     183,448         654,488  

Tullett Prebon PLC

     373,326         1,754,519  

Ultra Electronics Holdings PLC

     40,535         1,209,645  

Unite Group PLC

     103,083         745,850  

UTV Media PLC

     310,395         1,223,829  

Vesuvius PLC

     327,885         2,380,589  

Vitec Group PLC (The)

     60,369         614,936  

WH Smith PLC

     140,566         2,819,166  

WS Atkins PLC

     85,646         1,986,136  
     

 

 

 
Total United Kingdom               156,572,218  
TOTAL COMMON STOCKS
(Cost: $720,711,370)
              908,027,107  
EXCHANGE-TRADED FUNDS – 0.7%   
United States – 0.7%      

WisdomTree Europe SmallCap Dividend Fund(b)

     54,032         3,378,621  

WisdomTree Japan SmallCap Dividend Fund(b)

     56,356         2,819,491  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $6,149,191)
              6,198,112  
RIGHTS – 0.0%      
Portugal – 0.0%      
Mota-Engil Africa, SGPS, S.A., expiring 5/01/14*†
(Cost: $124,078)
     228,799         126,137  
Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%      
United States – 0.0%      

Dreyfus Institutional Preferred Money Market Fund, 0.04%(c)

     
(Cost: $90,000)(d)      90,000       $ 90,000  
TOTAL INVESTMENTS IN SECURITIES – 99.0%
(Cost: $727,074,639)
         914,441,356  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 1.0%

        9,555,857  
     

 

 

 
NET ASSETS – 100.0%             $ 923,997,213  

REIT – Real Estate Investment Trust

RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $1,085,385, which represents 0.1% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2014 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2014.

 

(d) 

At March 31, 2014, the total market value of the Fund’s securities on loan was $84,532 and the total market value of the collateral held by the Fund was $90,000.

 

See Notes to Financial Statements.

 

100   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
Brazil – 12.4%      

AES Tiete S.A.

     485,729       $ 3,401,072  

Autometal S.A.

     326,644         2,330,587  

Banco do Brasil S.A.

     8,262,640         83,486,901  

Banco Santander Brasil S.A.

     6,724,700         37,460,438  

BM&F Bovespa S.A.

     3,349,917         16,701,337  

Brasil Brokers Participacoes S.A.

     775,625         1,753,019  

Brasil Insurance Participacoes e Administracao S.A.

     353,503         1,787,489  

Centrais Eletricas Brasileiras S.A.

     4,660,500         13,631,420  

Cia Energetica de Minas Gerais

     1,200,080         8,349,770  

Cia Siderurgica Nacional S.A.

     5,711,400         24,905,906  

Cia. Hering

     414,332         5,027,436  

CPFL Energia S.A.

     2,583,480         21,295,248  

EDP – Energias do Brasil S.A.

     733,981         3,350,323  

Eternit S.A.

     117,595         435,151  

Grendene S.A.

     624,755         4,297,008  

Helbor Empreendimentos S.A.

     764,000         2,684,919  

Light S.A.

     1,220,939         10,145,183  

Mahle-Metal Leve S.A. Industria E Comercio

     361,200         3,809,688  

MRV Engenharia e Participacoes S.A.

     585,216         2,098,115  

Multiplus S.A.

     432,000         4,786,173  

Natura Cosmeticos S.A.

     840,921         14,206,031  

Oi S.A.

     2,929,600         4,193,489  

Porto Seguro S.A.

     652,000         9,202,836  

Rodobens Negocios Imobiliarios S.A.

     248,100         1,297,399  

Santos Brasil Participacoes S.A.

     448,126         3,326,439  

Tim Participacoes S.A.

     4,279,400         22,473,251  

Tractebel Energia S.A.

     2,068,000         32,167,871  

Transmissora Alianca de Energia Eletrica S.A.

     1,148,100         9,794,339  

UNICASA Industria de Moveis S.A.

     501,800         856,162  

Vale S.A.

     9,399,600         130,882,088  
     

 

 

 
Total Brazil               480,137,088  
Chile – 1.7%      

Aguas Andinas S.A. Class A

     14,313,806         8,835,346  

Banco de Chile

     173,443,049         21,729,982  

Banco Santander Chile

     334,510,042         19,496,990  

Empresas Iansa S.A.

     33,969,781         1,231,754  

ENTEL Chile S.A.

     312,165         3,799,215  

Grupo Security S.A.

     2,078,805         739,815  

Inversiones Aguas Metropolitanas S.A.

     3,947,465         6,375,406  

Inversiones La Construccion S.A.

     179,932         2,417,520  
     

 

 

 
Total Chile               64,626,028  
China – 16.8%      

Agricultural Bank of China Ltd. Class H

     62,670,000         27,307,366  

Anhui Expressway Co., Ltd Class H

     1,893,057         973,733  

Bank of China Ltd. Class H

     180,498,639         80,045,290  

Baoye Group Co., Ltd. Class H

     616,000         342,264  

Beijing Capital Land Ltd. Class H

     5,264,000         1,934,034  

China BlueChemical Ltd. Class H

     9,376,000         4,834,828  

China CITIC Bank Corp., Ltd. Class H

     22,792,499         13,134,177  
Investments    Shares      Value  

China Coal Energy Co., Ltd. Class H

     10,258,000       $ 5,778,931  

China Communications Construction Co., Ltd. Class H

     21,660,000         15,106,336  

China Construction Bank Corp. Class H

     246,079,500         172,257,712  

China Merchants Bank Co., Ltd. Class H

     9,278,432         16,817,573  

China Minsheng Banking Corp., Ltd. Class H

     9,788,374         9,817,334  

China Petroleum & Chemical Corp. Class H

     64,317,200         57,542,670  

China Shenhua Energy Co., Ltd. Class H

     7,290,500         21,052,746  

Chongqing Machinery & Electric Co., Ltd. Class H

     16,030,000         2,128,502  

Chongqing Rural Commercial Bank Class H

     19,479,885         8,538,247  

Dalian Port PDA Co., Ltd. Class H

     4,794,000         1,075,352  

Datang International Power Generation Co., Ltd. Class H

     5,800,350         2,116,138  

Guangzhou Automobile Group Co., Ltd. Class H

     4,176,000         4,387,544  

Guangzhou R&F Properties Co., Ltd. Class H

     8,329,558         12,005,138  

Hainan Meilan International Airport Co., Ltd. Class H

     443,000         417,469  

Industrial & Commercial Bank of China Class H

     200,231,275         123,127,114  

Jiangsu Expressway Co., Ltd. Class H

     978,906         1,115,570  

Jiangxi Copper Co., Ltd. Class H

     3,257,000         5,475,185  

PetroChina Co., Ltd. Class H

     38,612,000         42,061,273  

Shenzhen Expressway Co., Ltd. Class H

     3,392,000         1,534,852  

Sichuan Expressway Co., Ltd. Class H

     5,300,000         1,448,489  

Yanzhou Coal Mining Co., Ltd. Class H

     1,960,000         1,483,193  

Zhaojin Mining Industry Co., Ltd. Class H

     6,084,500         3,631,694  

Zhejiang Expressway Co., Ltd. Class H

     13,088,398         11,929,145  

Zijin Mining Group Co., Ltd. Class H

     23,938,000         5,091,846  
     

 

 

 
Total China               654,511,745  
Czech Republic – 2.3%      

CEZ AS

     1,799,487         51,624,312  

Komercni Banka AS

     95,366         22,807,095  

Telefonica Czech Republic AS

     997,260         14,981,284  
     

 

 

 
Total Czech Republic               89,412,691  
Hungary – 0.0%      

Magyar Telekom Telecommunications PLC

     424,258         576,317  
Indonesia – 2.0%      

PT Aneka Tambang Persero Tbk

     18,868,363         1,885,175  

PT Astra Agro Lestari Tbk

     2,047,381         4,685,907  

PT Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk

     15,637,500         1,438,485  

PT Bank Pembangunan Daerah Jawa Timur Tbk

     16,249,500         679,446  

PT Berau Coal Energy Tbk*

     39,015,000         573,548  

PT Harum Energy Tbk

     11,281,500         2,169,901  

PT Hexindo Adiperkasa Tbk

     2,259,500         781,676  

PT Indika Energy Tbk

     12,462,941         641,798  

PT Indo Tambangraya Megah Tbk

     6,102,500         13,080,623  

PT Matahari Putra Prima Tbk

     12,839,000         3,034,570  

PT Perusahaan Gas Negara Persero Tbk

     43,335,108         19,550,390  

PT Semen Indonesia Persero Tbk

     9,723,785         13,524,278  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      101   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

PT Tambang Batubara Bukit Asam Tbk

     6,490,000       $ 5,327,399  

PT United Tractors Tbk

     6,097,500         11,137,599  
     

 

 

 
Total Indonesia               78,510,795  
Malaysia – 4.6%      

Batu Kawan Bhd

     117,714         710,141  

Boustead Holdings Bhd

     1,229,931         2,041,411  

British American Tobacco Malaysia Bhd

     589,897         10,679,746  

Carlsberg Brewery Malaysia Bhd

     1,149,113         4,581,672  

DiGi.Com Bhd

     12,666,947         20,907,930  

Gas Malaysia Bhd

     365,700         416,599  

Guinness Anchor Bhd

     51,826         223,460  

HAP Seng Consolidated Bhd

     11,559,100         10,654,690  

JCY International Bhd

     12,445,500         2,763,126  

Lafarge Malaysia Bhd

     2,403,227         6,652,939  

Malayan Banking Bhd

     20,232,225         59,974,870  

Maxis Bhd

     18,609,962         39,664,779  

Media Prima Bhd

     6,764,931         4,889,064  

OSK Holdings Bhd

     1,058,600         541,376  

Padini Holdings Bhd

     617,900         361,411  

Parkson Holdings Bhd

     2,277,900         2,092,696  

Pos Malaysia Bhd

     253,100         369,710  

Star Publications Malaysia Bhd

     1,692,400         1,228,292  

Telekom Malaysia Bhd

     6,024,200         10,865,882  

United Plantations Bhd

     56,111         431,293  
     

 

 

 
Total Malaysia               180,051,087  
Philippines – 1.3%      

Aboitiz Power Corp.

     12,243,206         10,156,032  

Globe Telecom, Inc.

     321,088         11,914,158  

Philippine Long Distance Telephone Co.

     409,404         24,923,022  

Semirara Mining Corp.

     516,308         4,720,399  
     

 

 

 
Total Philippines               51,713,611  
Poland – 6.2%      

Asseco Poland S.A.

     183,804         2,856,159  

Bank Pekao S.A.

     484,609         31,533,107  

KGHM Polska Miedz S.A.

     1,645,176         59,296,904  

Orange Polska S.A.

     10,153,684         34,782,098  

PGE S.A.

     7,932,418         49,620,275  

Powszechna Kasa Oszczednosci Bank Polski S.A.

     1,559,958         21,932,553  

Powszechny Zaklad Ubezpieczen S.A.

     165,771         23,564,786  

Synthos S.A.

     4,530,609         7,317,592  

Tauron Polska Energia S.A.

     3,356,563         5,832,381  

TVN S.A.

     393,980         2,161,974  

Warsaw Stock Exchange

     278,164         3,618,139  
     

 

 

 
Total Poland               242,515,968  
Russia – 18.6%      

Gazprom OAO ADR

     27,434,558         211,254,755  

Lukoil OAO ADR

     1,729,992         96,171,924  

MegaFon OAO GDR

     1,654,102         46,562,971  

MMC Norilsk Nickel OJSC ADR

     6,211,522         103,297,611  

Mobile Telesystems OJSC ADR

     2,149,007         37,586,132  

Phosagro OAO Reg S GDR

     1,078,244         12,022,421  
Investments    Shares      Value  

Rosneft Oil Co. Reg S GDR

     25,023,159       $ 166,629,216  

Tatneft ADR

     707,147         24,226,856  

Uralkali OJSC Reg S GDR

     988,883         23,466,194  
     

 

 

 
Total Russia               721,218,080  
South Africa – 9.5%      

African Bank Investments Ltd.(a)

     3,651,689         3,732,271  

Barclays Africa Group Ltd.

     1,011,635         14,331,151  

Cashbuild Ltd.

     63,515         821,270  

Coronation Fund Managers Ltd.

     545,335         5,132,979  

DRDGOLD Ltd.

     722,020         271,841  

FirstRand Ltd.

     7,918,656         27,178,760  

Foschini Group Ltd. (The)

     537,972         5,480,533  

Kumba Iron Ore Ltd.

     853,573         30,676,332  

Lewis Group Ltd.

     540,830         2,982,358  

Liberty Holdings Ltd.

     394,830         4,667,958  

MMI Holdings Ltd.

     3,532,487         8,262,028  

MTN Group Ltd.

     3,666,766         75,145,363  

Nampak Ltd.

     1,253,856         4,285,658  

Nedbank Group Ltd.

     845,164         18,002,695  

PPC Ltd.

     1,633,946         4,542,407  

Resilient Property Income Fund Ltd.

     400,043         2,161,881  

Reunert Ltd.

     689,377         4,227,537  

Sasol Ltd.

     1,091,559         61,186,210  

Spar Group Ltd. (The)

     351,789         4,064,442  

Standard Bank Group Ltd.

     2,448,512         32,311,913  

Truworths International Ltd.

     821,083         6,030,544  

Vodacom Group Ltd.

     4,471,736         55,265,877  
     

 

 

 
Total South Africa               370,762,008  
South Korea – 2.2%      

Daishin Securities Co., Ltd.

     152,950         1,283,145  

Dongkuk Steel Mill Co., Ltd.

     464,500         5,432,876  

Hanmi Semiconductor Co., Ltd.

     44,330         547,644  

Hite Jinro Co., Ltd.

     112,075         2,474,294  

Hyundai Marine & Fire Insurance Co., Ltd.

     105,680         3,047,937  

KT Corp. ADR

     867,924         12,055,464  

KT Corp.

     184,610         5,124,924  

KT&G Corp.

     240,367         18,065,067  

Meritz Fire & Marine Insurance Co., Ltd.

     117,450         1,638,529  

Meritz Securities Co., Ltd.

     286,270         613,176  

Moorim P&P Co., Ltd.

     74,470         355,402  

OCI Materials Co., Ltd.

     77,740         2,694,919  

SK Telecom Co., Ltd. ADR

     315,655         7,124,333  

SK Telecom Co., Ltd.

     116,944         23,675,543  
     

 

 

 
Total South Korea               84,133,253  
Taiwan – 14.0%      

Ability Enterprise Co., Ltd.

     1,181,000         754,304  

Accton Technology Corp.

     1,712,000         955,718  

Alpha Networks, Inc.

     2,436,000         2,075,830  

Altek Corp.

     625,000         699,861  

AmTRAN Technology Co., Ltd.

     4,319,896         2,759,116  

Asia Cement Corp.

     8,780,979         10,957,301  

Asustek Computer, Inc.

     1,373,000         13,593,613  

AV Tech Corp.

     160,000         441,343  

 

See Notes to Financial Statements.

 

102   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Cheng Uei Precision Industry Co., Ltd.

     1,067,000       $ 2,259,962  

Chia Chang Co., Ltd.

     392,000         467,272  

Chicony Electronics Co., Ltd.

     2,483,987         6,443,969  

Chimei Materials Technology Corp.

     2,166,511         2,493,595  

China Petrochemical Development Corp.

     14,570,000         6,028,471  

China Steel Chemical Corp.

     1,179,000         6,736,590  

China Steel Corp.

     19,678,407         16,575,031  

China Synthetic Rubber Corp.

     2,750,043         2,564,690  

Chin-Poon Industrial Co., Ltd.

     1,635,000         2,974,436  

Chung Hsin Electric & Machinery Manufacturing Corp.

     677,000         471,305  

Chunghwa Telecom Co., Ltd.

     18,610,113         57,261,886  

Cleanaway Co., Ltd.

     304,736         1,861,289  

Compal Electronics, Inc.

     14,346,000         10,175,637  

Compeq Manufacturing Co., Ltd.

     2,195,000         1,304,638  

Coxon Precise Industrial Co., Ltd.

     276,000         489,418  

CSBC Corp. (Taiwan)

     1,017,000         634,529  

CTCI Corp.

     983,000         1,473,572  

Cyberlink Corp.

     1,181,158         3,591,667  

CyberTAN Technology, Inc.

     938,000         994,907  

D-Link Corp.

     4,145,000         2,946,860  

E-LIFE MALL Co., Ltd.

     528,542         1,107,330  

Elite Material Co., Ltd.

     126,838         115,374  

Eternal Chemical Co., Ltd.

     4,319,000         4,510,112  

Everlight Electronics Co., Ltd.

     493,000         1,249,802  

Far Eastern New Century Corp.

     12,763,414         13,558,704  

Farglory Land Development Co., Ltd.

     3,191,161         5,438,675  

Feng Hsin Iron & Steel Co.

     3,121,922         5,248,909  

Flytech Technology Co., Ltd.

     169,855         697,213  

Forhouse Corp.

     1,485,000         619,309  

Formosa Chemicals & Fibre Corp.

     12,748,045         30,810,479  

Formosa Plastics Corp.

     13,455,090         33,668,101  

Formosan Rubber Group, Inc.

     2,403,000         2,351,511  

Getac Technology Corp.

     1,181,000         661,228  

Grand Pacific Petrochemical Corp.

     3,406,000         2,069,157  

Great China Metal Industry

     1,029,627         1,315,245  

Great Wall Enterprise Co., Ltd.

     1,453,000         1,436,181  

Hannstar Board Corp.

     2,751,000         1,007,262  

Holtek Semiconductor, Inc.

     395,000         808,095  

Holy Stone Enterprise Co., Ltd.

     347,200         503,940  

HTC Corp.

     5,411,000         27,186,044  

Huaku Development Co., Ltd.

     1,432,573         3,509,398  

Huang Hsiang Construction Co.

     398,000         678,309  

Hung Poo Real Estate Development Corp.

     725,000         667,802  

ITEQ Corp.

     2,835,100         3,202,609  

Jentech Precision Industrial Co., Ltd.

     398,000         1,568,344  

Kee Tai Properties Co., Ltd.

     4,629,000         3,252,955  

LCY Chemical Corp.

     2,752,000         3,208,144  

Lealea Enterprise Co., Ltd.

     1,177,000         421,289  

Lingsen Precision Industries Ltd.

     1,184,000         812,597  

Lite-On Technology Corp.

     5,847,349         8,717,499  

Lotes Co., Ltd.

     392,000         1,370,922  

Lumax International Corp., Ltd.

     232,000         585,095  

Makalot Industrial Co., Ltd.

     757,000         4,201,067  
Investments    Shares      Value  

Mega Financial Holding Co., Ltd.

     14,579,071       $ 11,298,451  

Nan Ya Plastics Corp.

     12,665,616         26,826,442  

OptoTech Corp.

     774,000         404,124  

Oriental Union Chemical Corp.

     3,517,000         3,441,642  

Pou Chen Corp.

     5,898,112         8,318,657  

Powertech Technology, Inc.

     1,134,703         1,715,888  

Quanta Computer, Inc.

     10,887,990         29,318,289  

Radiant Opto-Electronics Corp.

     1,326,170         5,356,503  

Radium Life Tech Co., Ltd.

     3,274,294         2,822,436  

Rechi Precision Co., Ltd.

     397,780         429,097  

Senao International Co., Ltd.

     508,000         1,399,596  

Sercomm Corp.

     617,000         1,416,248  

Shih Wei Navigation Co., Ltd.

     2,519,000         1,704,011  

Sigurd Microelectronics Corp.

     3,264,627         3,173,236  

Siliconware Precision Industries Co.

     6,221,000         8,273,557  

Silitech Technology Corp.

     953,230         1,103,402  

Sincere Navigation Corp.

     779,000         716,263  

Sonix Technology Co., Ltd.

     640,000         1,113,866  

Syncmold Enterprise Corp.

     1,284,324         2,222,605  

Synnex Technology International Corp.

     6,685,000         10,756,588  

TA Chen Stainless Pipe Co., Ltd*

     1,073,000         512,672  

Taiflex Scientific Co., Ltd.

     392,254         743,225  

Taiwan Cement Corp.

     8,825,485         13,621,141  

Taiwan Cogeneration Corp.

     825,000         513,382  

Taiwan Hon Chuan Enterprise Co., Ltd.

     1,803,723         3,909,226  

Taiwan Mobile Co., Ltd.

     7,427,253         23,267,710  

Taiwan Secom Co., Ltd.

     397,930         1,020,551  

Topco Scientific Co., Ltd.

     284,550         555,037  

Transcend Information, Inc.

     1,035,000         3,364,748  

Tripod Technology Corp.

     680,000         1,337,559  

TSRC Corp.

     3,338,208         4,987,717  

Tung Ho Steel Enterprise Corp.

     3,170,387         2,691,224  

U-Ming Marine Transport Corp.

     890,048         1,505,212  

Unimicron Technology Corp.

     1,338,000         1,076,463  

Unitech Printed Circuit Board Corp.*

     3,119,000         1,259,788  

United Integrated Services Co., Ltd.

     1,143,000         1,435,670  

United Microelectronics Corp.

     27,254,598         11,500,586  

USI Corp.

     5,746,000         3,717,140  

Visual Photonics Epitaxy Co., Ltd.

     398,000         382,284  

Wah Lee Industrial Corp.

     340,000         681,061  

Wistron Corp.

     7,917,890         6,513,197  

WPG Holdings Co., Ltd.

     5,162,000         6,229,489  

WT Microelectronics Co., Ltd.

     395,037         506,566  

YFY, Inc.

     4,551,000         2,062,353  

Young Optics, Inc.

     248,000         518,762  

YungShin Global Holding Corp.

     345,000         618,570  

Zinwell Corp.

     273,000         320,043  
     

 

 

 
Total Taiwan               543,207,788  
Thailand – 5.5%      

Advanced Info Service PCL

     5,594,461         38,974,975  

Bangchak Petroleum PCL

     4,534,721         4,368,373  

Banpu PCL NVDR

     10,770,280         9,296,173  

BTS Group Holdings PCL NVDR

     29,126,443         7,541,989  

Charoen Pokphand Foods PCL NVDR

     15,024,110         12,967,789  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      103   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Delta Electronics Thailand PCL NVDR

     3,332,083       $ 6,060,200  

Dynasty Ceramic PCL NVDR

     868,411         1,405,412  

Electricity Generating PCL

     938,100         3,788,258  

Kiatnakin Bank PCL

     2,235,124         2,928,260  

Land and Houses PCL NVDR

     20,031,618         5,927,976  

MCOT PCL NVDR

     834,016         752,003  

PTT Global Chemical PCL NVDR

     9,705,105         21,615,100  

PTT PCL NVDR

     4,805,294         44,290,472  

Ratchaburi Electricity Generating Holding PCL

     3,332,796         5,316,652  

Sansiri PCL NVDR

     10,967,139         638,961  

Shin Corp. PCL NVDR

     5,998,821         14,285,109  

Thai Oil PCL NVDR

     4,632,177         7,567,983  

Thai Tap Water Supply PCL NVDR

     6,143,277         1,836,923  

Thai Vegetable Oil PCL NVDR

     3,348,970         2,343,453  

Tisco Financial Group PCL

     2,858,189         3,590,358  

Total Access Communication PCL NVDR

     5,426,809         19,489,003  
     

 

 

 
Total Thailand               214,985,422  
Turkey – 2.4%      

Adana Cimento Sanayii TAS Class A

     228,409         412,144  

Akcansa Cimento A.S.

     268,832         1,388,647  

Aksa Akrilik Kimya Sanayii*

     356,890         1,137,804  

Aksigorta A.S.

     283,109         383,796  

Arcelik A.S.

     1,251,190         6,989,398  

Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S.

     544,285         1,371,399  

Celebi Hava Servisi A.S.

     101,470         770,796  

Cimsa Cimento Sanayi VE Tica

     476,287         2,482,517  

Dogus Otomotiv Servis VE Ticaret A.S.

     968,779         3,573,142  

Netas Telekomunikasyon A.S.

     457,477         1,144,120  

Sinpas Gayrimenkul Yatirim Ortakligi A.S.

     892,548         304,581  

Tekfen Holding A.S.

     984,660         2,246,233  

Tofas Turk Otomobil Fabrikasi A.S.

     1,704,533         9,681,225  

Tupras Turkiye Petrol Rafinerileri A.S.

     883,345         18,705,838  

Turk Telekomunikasyon A.S.

     14,406,363         40,070,054  

Turk Traktor ve Ziraat Makineleri A.S.

     129,220         3,322,317  
     

 

 

 
Total Turkey               93,984,011  
TOTAL COMMON STOCKS
(Cost: $3,941,161,048)
              3,870,345,892  
WARRANTS – 0.0%   
Thailand – 0.0%      
BTS Group Holdings PCL expiring 11/01/18*
(Cost: $0)
     12,024,714         326,194  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%      
United States – 0.1%      

Dreyfus Institutional Preferred Money Market Fund, 0.04%(b)

     
(Cost: $2,286,181)(c)      2,286,181         2,286,181  
TOTAL INVESTMENTS IN SECURITIES – 99.6%
(Cost: $3,943,447,229)
         3,872,958,267  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4%

        15,895,938  
     

 

 

 
NET ASSETS – 100.0%             $ 3,888,854,205  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2014 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2014.

 

(c) 

At March 31, 2014, the total market value of the Fund’s securities on loan was $2,079,082 and the total market value of the collateral held by the Fund was $2,286,181.

 

See Notes to Financial Statements.

 

104   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.3%      
Brazil – 7.6%      

Abril Educacao S.A.*

     26,260       $ 323,522  

AES Tiete S.A.

     1,588,400         11,121,968  

Aliansce Shopping Centers S.A.

     353,003         2,795,552  

Arezzo & Co.

     87,633         1,067,985  

Autometal S.A.

     422,309         3,013,151  

Brasil Brokers Participacoes S.A.

     1,282,850         2,899,417  

Brasil Insurance Participacoes e Administracao S.A.

     621,998         3,145,135  

Cia de Locacao das Americas

     122,700         187,598  

Cia Paranaense de Energia

     237,800         2,296,327  

Diagnosticos da America S.A.

     382,312         2,566,819  

Direcional Engenharia S.A.

     428,569         1,901,164  

Equatorial Energia S.A.

     416,007         3,770,150  

Estacio Participacoes S.A.

     119,724         1,212,892  

Eternit S.A.

     571,996         2,116,626  

Even Construtora e Incorporadora S.A.

     681,960         2,296,874  

Fleury S.A.

     343,000         2,930,662  

Grendene S.A.

     1,579,260         10,862,005  

Helbor Empreendimentos S.A.

     1,124,660         3,952,384  

Iochpe-Maxion S.A.

     132,925         1,325,421  

JHSF Participacoes S.A.

     1,714,370         3,023,795  

Light S.A.

     1,950,700         16,209,007  

Lojas Americanas S.A.

     227,009         1,432,576  

LPS Brasil Consultoria de Imoveis S.A.

     464,734         2,656,800  

Magnesita Refratarios S.A.

     463,200         1,030,474  

Mahle-Metal Leve S.A. Industria e Comercio

     659,900         6,960,168  

Marisa Lojas S.A.

     417,232         2,847,495  

Mills Estruturas e Servicos de Engenharia S.A.

     64,670         802,464  

MRV Engenharia e Participacoes S.A.

     1,717,833         6,158,772  

Oi S.A.

     6,482,800         9,279,612  

Rodobens Negocios Imobiliarios S.A.

     231,600         1,211,114  

Santos Brasil Participacoes S.A.

     616,480         4,576,131  

Sao Martinho S.A.

     186,945         2,568,267  

SLC Agricola S.A.

     121,934         950,507  

Sonae Sierra Brasil S.A.

     262,773         2,196,277  

Sul America S.A.

     886,831         5,954,128  

Technos S.A.

     147,123         977,995  

Tegma Gestao Logistica

     261,800         2,214,829  

TPI – Triunfo Participacoes e Investimentos S.A.

     391,344         1,465,480  

UNICASA Industria de Moveis S.A.

     562,400         959,557  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     255,995         3,970,674  
     

 

 

 
Total Brazil               137,231,774  
Chile – 3.4%      

Besalco S.A.

     1,068,098         1,020,021  

CFR Pharmaceuticals S.A.

     20,239,922         4,046,220  

E-CL S.A.

     3,767,820         5,044,216  

Empresas Hites S.A.

     1,082,928         646,839  

Forus S.A.

     599,012         2,650,601  

Gasco S.A.

     274,788         2,893,871  
Investments    Shares      Value  

Grupo Security S.A.

     5,758,518       $ 2,049,369  

Inversiones Aguas Metropolitanas S.A.

     6,548,392         10,576,068  

Inversiones La Construccion S.A.

     511,758         6,875,848  

Masisa S.A.

     29,325,516         1,593,164  

Parque Arauco S.A.

     3,309,479         6,292,781  

Ripley Corp. S.A.

     4,494,228         2,796,387  

Sigdo Koppers S.A.

     3,454,164         5,745,023  

Sociedad Matriz SAAM S.A.

     20,011,791         1,718,702  

Sonda S.A.

     1,430,294         3,453,285  

Vina Concha y Toro S.A.

     2,312,802         4,744,952  
     

 

 

 
Total Chile               62,147,347  
China – 5.8%      

Anhui Expressway Co., Ltd. Class H

     1,431,666         736,407  

AviChina Industry & Technology Co., Ltd. Class H

     1,929,271         1,074,436  

Baoye Group Co., Ltd. Class H

     934,000         518,953  

BBMG Corp. Class H

     358,169         278,887  

Beijing Capital Land Ltd. Class H

     20,302,421         7,459,266  

China Datang Corp. Renewable Power Co., Ltd. Class H

     14,200,403         2,251,693  

China Railway Construction Corp., Ltd. Class H

     2,188,098         1,850,436  

China Railway Group Ltd. Class H

     6,947,801         3,233,389  

China Southern Airlines Co., Ltd. Class H

     4,936,000         1,603,537  

China Suntien Green Energy Corp., Ltd. Class H

     7,495,039         2,483,193  

Chongqing Machinery & Electric Co., Ltd. Class H

     5,976,855         793,621  

CSR Corp., Ltd. Class H

     4,437,139         3,729,529  

Dalian Port PDA Co., Ltd. Class H

     6,990,507         1,568,055  

Datang International Power Generation Co., Ltd. Class H

     14,537,049         5,303,543  

Dongfang Electric Corp., Ltd. Class H

     449,381         699,818  

Guangshen Railway Co., Ltd. Class H

     4,620,665         1,953,807  

Guangzhou Automobile Group Co., Ltd. Class H

     8,346,000         8,768,785  

Hainan Meilan International Airport Co., Ltd. Class H

     857,289         807,882  

Harbin Electric Co., Ltd. Class H

     3,184,071         1,801,983  

Jiangsu Expressway Co., Ltd. Class H

     7,003,933         7,981,742  

Shanghai Electric Group Co., Ltd. Class H

     6,852,000         2,429,145  

Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H

     18,187,587         4,618,966  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     1,130,300         2,570,370  

Shenzhen Expressway Co., Ltd. Class H

     6,369,697         2,882,234  

Sichuan Expressway Co., Ltd. Class H

     234,768         64,162  

Sinotrans Ltd. Class H

     7,427,000         3,734,061  

Tong Ren Tang Technologies Co., Ltd. Class H

     760,944         2,442,618  

Travelsky Technology Ltd. Class H

     7,500,788         6,652,712  

Weichai Power Co., Ltd. Class H

     297,769         1,126,655  

Weiqiao Textile Co., Ltd. Class H

     2,474,000         1,365,045  

Yanzhou Coal Mining Co., Ltd. Class H

     13,408,000         10,146,249  

Zijin Mining Group Co., Ltd. Class H

     38,612,000         8,213,148  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      105   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H

     5,551,600       $ 3,864,696  
     

 

 

 
Total China               105,009,023  
Hungary – 0.1%      

Magyar Telekom Telecommunications PLC

     1,242,174         1,687,384  
Indonesia – 4.0%      

PT AKR Corporindo Tbk

     11,960,645         5,090,644  

PT Alam Sutera Realty Tbk

     13,815,877         723,631  

PT Aneka Tambang Persero Tbk

     33,100,974         3,307,184  

PT Bank Bukopin Tbk

     29,927,518         1,686,058  

PT Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk

     66,185,612         6,088,377  

PT Bank Pembangunan Daerah Jawa Timur Tbk

     93,004,000         3,888,812  

PT Bank Tabungan Negara Persero Tbk

     34,179,016         3,866,200  

PT Berau Coal Energy Tbk*

     87,866,893         1,291,705  

PT Bumi Resources Tbk*

     42,146,500         998,011  

PT Ciputra Development Tbk

     22,665,245         2,314,409  

PT Harum Energy Tbk

     17,983,963         3,459,063  

PT Hexindo Adiperkasa Tbk

     2,654,000         918,153  

PT Holcim Indonesia Tbk

     16,435,216         3,993,063  

PT Indika Energy Tbk

     26,807,639         1,380,499  

PT Japfa Comfeed Indonesia Tbk

     11,913,491         1,478,699  

PT Krakatau Steel Persero Tbk*

     32,297,299         1,464,182  

PT Matahari Putra Prima Tbk

     32,334,500         7,642,441  

PT MNC Investama Tbk

     33,672,198         1,016,687  

PT Pembangunan Perumahan Persero Tbk

     12,325,370         1,985,513  

PT Perusahaan Perkebunan London Sumatra Indonesia Tbk

     23,732,252         4,616,926  

PT Ramayana Lestari Sentosa Tbk

     27,089,328         3,314,627  

PT Salim Ivomas Pratama Tbk

     31,284,500         2,519,834  

PT Sampoerna Agro

     5,250,000         986,686  

PT Summarecon Agung Tbk

     30,963,972         2,902,873  

PT Timah Persero Tbk

     22,121,900         3,797,333  

PT Wijaya Karya Persero Tbk

     5,260,752         1,106,796  
     

 

 

 
Total Indonesia               71,838,406  
Malaysia – 9.3%   

Aeon Co. M Bhd

     850,013         3,743,129  

Affin Holdings Bhd

     6,695,695         7,935,183  

Alliance Financial Group Bhd

     6,975,547         9,420,353  

Benalec Holdings Bhd

     854,000         235,370  

Berjaya Corp. Bhd

     12,678,132         2,057,697  

Berjaya Sports Toto Bhd

     6,764,237         8,223,556  

BIMB Holdings Bhd

     4,718,528         6,256,692  

Boustead Holdings Bhd

     4,752,619         7,888,285  

Carlsberg Brewery Malaysia Bhd

     1,518,613         6,054,920  

Dialog Group Bhd

     5,990,176         6,585,433  

DRB-Hicom Bhd

     6,654,261         5,033,234  

Dutch Lady Milk Industries Bhd

     28,000         406,259  

Eastern & Oriental Bhd

     6,318,797         4,102,235  

Fraser & Neave Holdings Bhd

     314,900         1,737,712  

Gas Malaysia Bhd

     1,050,000         1,196,141  

Genting Plantations Bhd

     469,600         1,553,110  
Investments    Shares      Value  

Guinness Anchor Bhd

     349,853       $ 1,508,477  

HAP Seng Consolidated Bhd

     13,168,192         12,137,883  

Hartalega Holdings Bhd

     1,752,572         3,676,349  

JCY International Bhd

     29,634,391         6,579,370  

KPJ Healthcare Bhd

     2,788,941         2,553,647  

Kulim Malaysia Bhd*

     2,790,931         2,871,697  

Lafarge Malaysia Bhd

     4,094,400         11,334,673  

Mah Sing Group Bhd

     7,125,956         4,757,184  

Malaysia Airports Holdings Bhd

     4,239,061         10,385,083  

Malaysia Marine and Heavy Engineering Holdings Bhd

     4,625,000         5,325,371  

Malaysian Bulk Carriers Bhd

     893,900         561,168  

Malaysian Resources Corp. Bhd

     5,671,443         2,848,313  

MBM Resources Bhd

     306,400         304,946  

Media Prima Bhd

     5,964,736         4,310,757  

Mudajaya Group Bhd

     1,856,665         1,535,139  

Oriental Holdings Bhd

     197,741         435,387  

OSK Holdings Bhd

     7,526,756         3,849,237  

Padini Holdings Bhd

     3,080,696         1,801,908  

Parkson Holdings Bhd

     5,059,073         4,647,747  

Star Publications Malaysia Bhd

     4,619,400         3,352,619  

Sunway Bhd

     1,095,700         1,016,681  

Supermax Corp. Bhd

     1,828,267         1,455,671  

Syarikat Takaful Malaysia Bhd

     94,700         346,262  

Tan Chong Motor Holdings Bhd

     177,800         301,097  

Top Glove Corp. Bhd

     1,600,490         2,426,099  

United Plantations Bhd

     148,368         1,140,419  

UOA Development Bhd

     3,130,680         2,080,409  

WCT Holdings Bhd

     4,952,426         3,291,001  
     

 

 

 
Total Malaysia               169,263,903  
Mexico – 1.1%   

Alsea S.A.B de C.V.

     961,600         3,500,412  

Banregio Grupo Financiero S.A.B de C.V.

     654,823         3,796,832  

Corp. Inmobiliaria Vesta S.A.B de C.V.*

     1,858,300         3,765,376  

Grupo Aeroportuario del Centro Norte S.A.B de C.V.*

     697,800         2,536,385  

Grupo Herdez S.A.B de C.V.

     974,337         2,894,917  

Qualitas Controladora S.A.B de C.V.

     919,500         2,525,520  

TV Azteca S.A.B de C.V.

     2,599,410         1,587,684  
     

 

 

 
Total Mexico               20,607,126  
Philippines – 2.3%   

Atlas Consolidated Mining & Development*

     1,708,700         532,671  

Cebu Air, Inc.

     260,960         279,029  

First Philippine Holdings Corp.

     945,856         1,529,146  

Lopez Holdings Corp.

     15,999,212         1,658,966  

Manila Water Co., Inc.

     4,762,145         2,537,970  

Megaworld Corp.

     43,195,046         4,035,840  

Nickel Asia Corp.

     4,045,983         1,784,581  

Philex Mining Corp.

     3,295,900         633,530  

Philweb Corp.

     1,944,200         221,104  

Rizal Commercial Banking Corp.

     1,267,784         1,328,707  

Robinsons Land Corp.

     8,318,760         4,062,456  

Security Bank Corp.

     1,234,704         2,918,466  

 

See Notes to Financial Statements.

 

106   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Semirara Mining Corp.

     1,565,576       $ 14,313,439  

Union Bank of Philippines

     1,767,057         4,791,485  

Vista Land & Lifescapes, Inc.

     10,577,600         1,243,036  
     

 

 

 
Total Philippines               41,870,426  
Poland – 4.0%   

Asseco Poland S.A.

     444,258         6,903,394  

Enea S.A.

     1,526,437         8,083,336  

Eurocash S.A.

     157,481         2,084,353  

Getin Holding S.A.

     2,719,483         2,925,240  

Grupa Azoty S.A.

     136,033         2,723,902  

Lubelski Wegiel Bogdanka S.A.

     120,897         5,021,703  

Synthos S.A.

     11,868,984         19,170,134  

Tauron Polska Energia S.A.

     9,437,985         16,399,491  

TVN S.A.

     1,162,994         6,381,955  

Warsaw Stock Exchange

     261,897         3,406,551  
     

 

 

 
Total Poland               73,100,059  
Russia – 0.2%   

LSR Group OJSC GDR*

     1,423,171         3,913,720  
South Africa – 9.2%   

Adcock Ingram Holdings Ltd.

     358,794         2,012,649  

Advtech Ltd.

     1,759,672         1,271,500  

Aeci Ltd.

     253,646         3,062,688  

African Bank Investments Ltd.(a)

     9,106,501         9,307,455  

African Oxygen Ltd.

     1,256,853         2,366,032  

AVI Ltd.

     1,533,997         8,244,692  

Barloworld Ltd.

     404,097         4,236,566  

Blue Label Telecoms Ltd.

     1,583,061         1,309,447  

Capitec Bank Holdings Ltd.

     267,071         4,938,753  

Cashbuild Ltd.

     170,289         2,201,894  

City Lodge Hotels Ltd.

     77,483         861,839  

Clicks Group Ltd.

     364,448         2,271,325  

Coronation Fund Managers Ltd.

     1,983,407         18,668,869  

DRDGOLD Ltd.

     1,250,669         470,878  

Grindrod Ltd.

     228,141         553,114  

Hosken Consolidated Investments Ltd.

     245,232         3,485,694  

Investec Ltd.

     1,018,147         8,212,627  

Invicta Holdings Ltd.

     38,753         424,821  

JSE Ltd.

     260,461         2,359,723  

Lewis Group Ltd.

     825,313         4,551,113  

Metair Investments Ltd.

     121,810         495,676  

Mondi Ltd.

     512,226         9,005,192  

Mpact Ltd.

     731,837         1,890,493  

Nampak Ltd.

     2,442,134         8,347,172  

Oceana Group Ltd.

     164,524         1,416,409  

Omnia Holdings Ltd.

     126,378         2,535,875  

Pick n Pay Stores Ltd.

     876,928         4,302,141  

Pick’n Pay Holdings Ltd.

     1,355,839         2,896,557  

Pioneer Foods Ltd.

     493,851         3,920,608  

PPC Ltd.

     2,357,901         6,555,018  

PSG Group Ltd.

     365,943         3,228,735  

Raubex Group Ltd.

     304,651         642,733  

Resilient Property Income Fund Ltd.

     962,380         5,200,818  

Reunert Ltd.

     863,178         5,293,355  
Investments    Shares      Value  

Santam Ltd.

     322,006       $ 5,948,810  

Spar Group Ltd. (The)

     775,097         8,955,189  

Sun International Ltd.

     424,089         3,806,676  

Tongaat Hulett Ltd.

     421,070         4,551,026  

Trencor Ltd.

     631,484         3,908,538  

Wilson Bayly Holmes-Ovcon Ltd.

     201,619         2,641,506  
     

 

 

 
Total South Africa               166,354,206  
South Korea – 10.5%   

BS Financial Group, Inc.

     603,192         8,528,385  

Bukwang Pharmaceutical Co., Ltd.

     2,214         29,951  

CJ CGV Co., Ltd.

     39,800         1,944,290  

Daeduck Electronics Co.

     108,233         749,380  

Daeduck GDS Co., Ltd.

     46,398         719,214  

Daewoong Pharmaceutical Co., Ltd.

     56,036         3,690,285  

Daishin Securities Co., Ltd.

     295,624         2,480,081  

Daum Communications Corp.

     39,745         2,919,873  

DGB Financial Group, Inc.

     361,505         5,230,097  

Dongkuk Steel Mill Co., Ltd.

     16,696         195,279  

Dongyang Mechatronics Corp.

     212,375         2,045,041  

Doosan Corp.

     57,262         7,450,596  

Eugene Corp.

     262,533         871,863  

Grand Korea Leisure Co., Ltd.

     196,820         8,089,506  

Green Cross Corp.

     13,065         1,546,517  

GS Engineering & Construction Corp.*

     53,510         1,824,804  

GS Home Shopping, Inc.

     1,832         407,895  

Hana Tour Service, Inc.

     29,138         2,017,446  

Handsome Co., Ltd.

     94,512         2,344,043  

Hankook Tire Co., Ltd.

     70,400         1,392,193  

Hanmi Semiconductor Co., Ltd.

     47,630         588,411  

Hansol Paper Co., Ltd.

     130,236         1,480,441  

Hanwha Chemical Corp.

     209,250         3,803,831  

Hanwha Corp.

     151,323         4,563,360  

Hite Jinro Co., Ltd.

     313,107         6,912,504  

Hitejinro Holdings Co., Ltd.

     50,590         679,634  

Hotel Shilla Co., Ltd.

     54,896         4,440,364  

Huchems Fine Chemical Corp.

     149,281         3,022,223  

Huvis Corp.

     76,190         747,978  

Hyosung Corp.

     54,024         3,897,828  

Hyundai Development Co.-Engineering & Construction

     184,619         5,203,222  

Hyundai Securities Co.*

     555,730         3,372,649  

iMarketKorea, Inc.

     46,379         1,431,303  

ISU Chemical Co., Ltd.

     86,358         1,079,019  

KEPCO Plant Service & Engineering Co., Ltd.

     135,972         8,660,718  

Kolon Corp.

     14,617         288,371  

Kolon Industries, Inc.

     61,604         3,148,347  

Korea Aerospace Industries Ltd.

     73,027         2,329,153  

Korea Investment Holdings Co., Ltd.

     119,754         4,140,117  

Korean Reinsurance Co.

     303,711         2,938,816  

LEENO Industrial, Inc.

     17,353         484,179  

LG Fashion Corp.

     73,618         1,929,581  

LG International Corp.

     58,467         1,548,940  

LIG Insurance Co., Ltd.

     193,021         5,675,755  

LS Corp.

     44,163         3,165,613  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      107   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

LS Industrial Systems Co., Ltd.

     29,454       $ 1,859,466  

Mando Corp.

     22,690         2,877,683  

Meritz Fire & Marine Insurance Co., Ltd.

     497,550         6,941,254  

Meritz Securities Co., Ltd.

     1,302,920         2,790,791  

Mirae Asset Securities Co., Ltd.

     66,389         2,575,852  

Moorim P&P Co., Ltd.

     464,488         2,216,731  

Nexen Tire Corp.

     24,570         311,612  

Nongshim Co., Ltd.

     2,065         579,081  

OCI Materials Co., Ltd.

     46,098         1,598,024  

Partron Co., Ltd.

     93,929         1,164,792  

Poongsan Corp.

     65,787         1,575,996  

S&T Dynamics Co., Ltd.

     123,723         1,412,217  

S&T Motiv Co., Ltd.

     15,060         379,878  

S1 Corp.

     83,643         6,993,496  

Samsung Fine Chemicals Co., Ltd.

     46,554         2,138,654  

SFA Engineering Corp.

     41,609         1,717,991  

Shinsegae Co., Ltd.

     6,937         1,502,164  

Silicon Works Co., Ltd.

     38,619         832,642  

Simm Tech Co., Ltd.*

     62,874         372,123  

SK Chemicals Co., Ltd.

     39,387         2,327,439  

SK Networks Co., Ltd.*

     322,803         2,868,821  

SKC Co., Ltd.

     66,663         1,938,297  

Soulbrain Co., Ltd.

     9,243         333,007  

Sungwoo Hitech Co., Ltd.

     139,938         2,221,760  

Taeyoung Engineering & Construction Co., Ltd.*

     68,235         380,775  

Tongyang Life Insurance

     407,650         3,906,271  

Woori Investment & Securities Co., Ltd.

     515,697         4,277,894  

Youngone Corp.

     53,559         1,990,003  
     

 

 

 
Total South Korea               190,093,810  
Taiwan – 27.7%   

Ability Enterprise Co., Ltd.

     3,337,650         2,131,756  

AcBel Polytech, Inc.

     2,357,303         3,251,185  

Accton Technology Corp.

     2,805,633         1,566,235  

Advancetek Enterprise Co., Ltd.

     1,446,630         1,679,283  

Advantech Co., Ltd.

     1,911,610         12,397,766  

ALI Corp.

     1,400,980         1,515,879  

Alpha Networks, Inc.

     3,146,788         2,681,525  

Altek Corp.

     1,959,742         2,194,473  

Ambassador Hotel (The)

     708,000         663,768  

AmTRAN Technology Co., Ltd.

     5,428,950         3,467,468  

Apex Biotechnology Corp.

     672,791         1,508,961  

AV Tech Corp.

     737,036         2,033,036  

BES Engineering Corp.

     4,090,026         1,146,994  

Capital Securities Corp.

     13,416,723         4,934,481  

Career Technology (MFG.) Co., Ltd.

     461,000         510,162  

Cheng Loong Corp.

     2,818,000         1,290,899  

Cheng Uei Precision Industry Co., Ltd.

     1,536,820         3,255,066  

Chicony Electronics Co., Ltd.

     3,149,423         8,170,246  

Chimei Materials Technology Corp.

     1,552,000         1,786,310  

China Petrochemical Development Corp.

     20,847,675         8,625,916  

China Steel Chemical Corp.

     1,290,726         7,374,972  

China Synthetic Rubber Corp.

     2,719,257         2,535,979  

Chin-Poon Industrial Co., Ltd.

     1,219,650         2,218,820  
Investments    Shares      Value  

Chroma ATE, Inc.

     1,242,132       $ 2,961,293  

Chung Hsin Electric & Machinery Manufacturing Corp.

     3,055,882         2,127,402  

Cleanaway Co., Ltd.

     439,161         2,682,340  

Clevo Co.

     422,000         834,230  

Compeq Manufacturing Co., Ltd.

     3,229,000         1,919,215  

Coxon Precise Industrial Co., Ltd.

     297,000         526,656  

CSBC Corp. (Taiwan)

     4,562,830         2,846,852  

CTCI Corp.

     1,934,190         2,899,459  

Cyberlink Corp.

     743,011         2,259,349  

CyberTAN Technology, Inc.

     1,570,000         1,665,249  

Darfon Electronics Corp.

     864,908         629,101  

Depo Auto Parts Industries Co., Ltd.

     752,646         2,928,776  

D-Link Corp.

     5,361,161         3,811,481  

Eclat Textile Co., Ltd.

     274,045         3,167,682  

Elan Microelectronics Corp.

     1,471,156         2,830,958  

E-LIFE MALL Corp.

     302,440         633,632  

Elite Material Co., Ltd.

     1,155,163         1,050,752  

Epistar Corp.*

     1,174,245         2,818,728  

Eternal Chemical Co., Ltd.

     3,789,066         3,956,729  

Evergreen International Storage & Transport Corp.

     3,648,361         2,426,051  

Everlight Chemical Industrial Corp.

     1,406,695         1,263,381  

Everlight Electronics Co., Ltd.

     1,649,165         4,180,791  

Far Eastern Department Stores Co., Ltd.

     4,338,903         3,825,615  

Far Eastern International Bank

     11,623,833         4,122,400  

Farglory Land Development Co., Ltd.

     6,223,640         10,606,910  

Feng Hsin Iron & Steel Co.

     2,638,950         4,436,885  

Feng TAY Enterprise Co., Ltd.

     668,000         1,956,674  

Flexium Interconnect, Inc.

     189,224         562,965  

Flytech Technology Co., Ltd.

     28,564         117,248  

Forhouse Corp.

     1,968,000         820,740  

Formosa International Hotels Corp.

     132,485         1,570,547  

Formosan Rubber Group, Inc.

     5,661,122         5,539,822  

G Tech Optoelectronics Corp.

     642,000         819,036  

Genius Electronic Optical Co., Ltd.

     49,000         145,620  

Getac Technology Corp.

     1,930,292         1,080,748  

Giant Manufacturing Co., Ltd.

     827,464         5,624,663  

Global Mixed Mode Technology, Inc.

     303,685         1,007,214  

Global Unichip Corp.*

     346,528         1,008,206  

Goldsun Development & Construction Co., Ltd.

     1,530,621         593,098  

Grand Pacific Petrochemical

     3,237,135         1,966,571  

Grape King Bio Ltd.

     771,988         3,333,599  

Great China Metal Industry

     1,152,694         1,472,450  

Great Wall Enterprise Co., Ltd.

     2,425,420         2,397,345  

Hannstar Board Corp.

     2,401,000         879,112  

Hey Song Corp.

     1,086,221         1,175,305  

Hiwin Technologies Corp.

     428,130         4,147,389  

Holiday Entertainment Co., Ltd.

     676,196         841,567  

Holtek Semiconductor, Inc.

     1,878,773         3,843,611  

Holy Stone Enterprise Co., Ltd.

     624,309         906,148  

Huaku Development Co., Ltd.

     2,332,296         5,713,465  

Huang Hsiang Construction Co.

     1,081,448         1,843,105  

 

See Notes to Financial Statements.

 

108   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Hung Poo Real Estate Development Corp.

     1,784,122       $ 1,643,367  

IEI Integration Corp.

     1,690,623         3,331,003  

Inventec Corp.

     9,461,992         9,321,394  

ITEQ Corp.

     1,619,657         1,829,610  

Jentech Precision Industrial Co., Ltd.

     488,283         1,924,110  

KEE TAI Properties Co., Ltd.

     3,821,999         2,685,848  

Kenda Rubber Industrial Co., Ltd.

     1,373,516         3,274,518  

Kerry TJ Logistics Co., Ltd.

     302,860         412,234  

King Slide Works Co., Ltd.

     282,004         3,843,089  

King Yuan Electronics Co., Ltd.

     7,811,960         6,477,366  

Kingdom Construction Co., Ltd.

     2,082,187         2,160,647  

Kinik Co.

     449,495         1,428,819  

Kinsus Interconnect Technology Corp.

     1,147,368         4,257,535  

LCY Chemical Corp.

     4,364,612         5,088,046  

Lealea Enterprise Co., Ltd.

     4,047,958         1,448,904  

Lingsen Precision Industries Ltd.

     2,455,412         1,685,185  

Lotes Co., Ltd.

     357,233         1,249,333  

Lumax International Corp., Ltd.

     419,773         1,058,651  

Makalot Industrial Co., Ltd.

     1,090,615         6,052,506  

Mercuries & Associates Ltd.

     701,362         456,021  

Merida Industry Co., Ltd.

     1,043,041         6,918,784  

Merry Electronics Co., Ltd.

     994,759         5,438,876  

Micro-Star International Co., Ltd.

     3,523,877         3,483,087  

Mitac Holdings Corp.*

     1,972,596         1,833,165  

Namchow Chemical Industrial Co., Ltd.

     726,086         1,497,355  

Nan Kang Rubber Tire Co., Ltd.*

     900,954         1,094,665  

Nuvoton Technology Corp.

     100,632         100,459  

OptoTech Corp.

     2,721,518         1,420,972  

Oriental Union Chemical Corp.

     5,342,767         5,228,289  

Phihong Technology Co., Ltd.

     4,271,064         2,882,206  

Powertech Technology, Inc.

     3,093,240         4,677,570  

Prince Housing & Development Corp.

     6,419,690         3,119,987  

Radiant Opto-Electronics Corp.

     2,231,252         9,012,199  

Radium Life Tech Co., Ltd.

     1,710,953         1,474,838  

Realtek Semiconductor Corp.

     1,280,770         3,860,921  

Rechi Precision Co., Ltd.

     401,391         432,992  

Richtek Technology Corp.

     468,910         2,794,751  

Ruentex Development Co., Ltd.

     2,218,537         4,057,877  

Ruentex Industries Ltd.

     451,162         1,078,552  

Sampo Corp.

     1,557,000         646,779  

Senao International Co., Ltd.

     699,599         1,927,472  

Sercomm Corp.

     871,488         2,000,394  

Shih Wei Navigation Co., Ltd.

     1,026,309         694,260  

Shin Zu Shing Co., Ltd.

     456,580         1,106,497  

Shinkong Synthetic Fibers Corp.

     6,525,761         2,185,790  

Sigurd Microelectronics Corp.

     3,764,830         3,659,436  

Silitech Technology Corp.

     1,131,692         1,309,979  

Sincere Navigation Corp.

     4,626,546         4,253,946  

Sonix Technology Co., Ltd.

     435,205         757,437  

Standard Foods Corp.

     957,133         2,608,720  

Syncmold Enterprise Corp.

     451,220         780,865  

Synnex Technology International Corp.

     12,084,000         19,443,921  

TA Chen Stainless Pipe Co., Ltd.*

     1,963,100         937,956  

Taiflex Scientific Co., Ltd.

     742,974         1,407,753  
Investments    Shares      Value  

Tainan Spinning Co., Ltd.

     5,533,581       $ 4,179,373  

Taiwan Cogeneration Corp.

     4,782,970         2,976,349  

Taiwan Glass Industry Corp.

     3,591,698         3,461,664  

Taiwan Hon Chuan Enterprise Co., Ltd.

     1,125,606         2,439,537  

Taiwan PCB Techvest Co., Ltd.

     421,302         563,765  

Taiwan Prosperity Chemical Corp.

     3,396,102         3,412,551  

Taiwan Secom Co., Ltd.

     1,298,931         3,331,303  

Taiwan Surface Mounting Technology Co., Ltd.

     431,025         639,054  

Teco Electric and Machinery Co., Ltd.

     6,874,683         7,664,247  

Test Research, Inc.

     1,064,115         1,726,206  

Test-Rite International Co., Ltd.

     1,988,888         1,443,377  

Ton Yi Industrial Corp.

     7,822,538         8,887,934  

Tong Hsing Electronic Industries Ltd.

     389,918         2,016,652  

Tong Yang Industry Co., Ltd.

     1,449,685         2,113,653  

Topco Scientific Co., Ltd.

     700,314         1,366,018  

Transcend Information, Inc.

     1,070,479         3,480,089  

Tripod Technology Corp.

     2,181,928         4,291,848  

Tsann Kuen Enterprise Co., Ltd.

     1,001,546         1,338,574  

TSRC Corp.

     4,652,773         6,951,849  

Tung Ho Steel Enterprise Corp.

     6,424,153         5,453,226  

TXC Corp.

     1,579,549         2,111,079  

U-Ming Marine Transport Corp.

     4,594,420         7,769,892  

Unimicron Technology Corp.

     8,877,141         7,141,941  

Unitech Printed Circuit Board Corp.*

     2,931,000         1,183,854  

United Integrated Services Co., Ltd.

     3,000,461         3,768,743  

USI Corp.

     4,051,678         2,621,067  

Visual Photonics Epitaxy Co., Ltd.

     315,000         302,561  

Wah Lee Industrial Corp.

     1,259,325         2,522,579  

Wei Chuan Food Corp.

     1,279,396         1,928,389  

Wistron Corp.

     13,617,200         11,201,407  

Wistron NeWeb Corp.

     2,000,343         4,506,150  

Wowprime Corp.

     81,392         1,181,357  

WPG Holdings Co., Ltd.

     9,212,759         11,117,934  

WT Microelectronics Co., Ltd.

     2,444,825         3,135,060  

YC Co., Ltd.

     1,562,049         1,172,082  

YFY, Inc.

     2,674,000         1,211,763  

Young Optics, Inc.

     88,759         185,665  

YungShin Global Holding Corp.

     449,000         805,037  

Yungtay Engineering Co., Ltd.

     1,197,790         3,437,709  

Zinwell Corp.

     2,784,186         3,263,950  
     

 

 

 
Total Taiwan               501,781,769  
Thailand – 8.6%   

AEON Thana Sinsap (Thailand) PCL NVDR

     133,571         360,279  

Amata Corp. PCL

     2,302,175         1,050,314  

AP Thailand PCL

     7,097,960         1,137,774  

Bangchak Petroleum PCL

     6,925,239         6,671,200  

Bangkok Chain Hospital PCL NVDR

     1,481,665         324,285  

Bangkok Expressway PCL

     5,284,505         5,375,729  

Bangkok Life Assurance PCL NVDR

     1,183,606         2,508,413  

Bangkokland PCL NVDR

     84,406,214         4,006,953  

Bumrungrad Hospital PCL

     1,753,065         5,201,372  

Cal-Comp Electronics (Thailand) PCL NVDR

     16,874,758         1,425,303  

CH. Karnchang PCL NVDR

     4,601,020         2,311,857  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      109   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Delta Electronics Thailand PCL

     6,474,951       $ 11,776,267  

Dynasty Ceramic PCL

     1,527,021         2,471,289  

Eastern Water Resources Development and Management PCL NVDR

     2,845,848         1,000,082  

Electricity Generating PCL

     2,015,091         8,137,390  

Esso Thailand PCL

     4,996,472         939,534  

Hana Microelectronics PCL

     2,644,547         2,486,396  

Hemaraj Land and Development PCL NVDR

     27,377,223         2,633,074  

Hemaraj Land and Development PCL

     3,957,500         380,623  

Jasmine International PCL

     10,091,996         2,457,669  

Khon Kaen Sugar Industry PCL NVDR

     8,426,557         3,636,615  

Kiatnakin Bank PCL NVDR

     1,483,006         1,942,902  

Kiatnakin Bank PCL

     3,852,523         5,047,233  

L.P.N Development PCL

     3,025,902         1,492,430  

L.P.N Development PCL NVDR

     2,686,118         1,324,842  

Major Cineplex Group PCL

     4,409,169         2,568,844  

MBK PCL NVDR

     405,742         1,801,074  

MCOT PCL

     3,690,974         3,328,021  

Precious Shipping PCL NVDR

     708,410         616,911  

Pruksa Real Estate PCL

     6,225,441         3,895,698  

Quality Houses PCL NVDR

     46,752,852         4,352,454  

Ratchaburi Electricity Generating Holding PCL

     3,940,190         6,285,599  

Ratchaburi Electricity Generating Holding PCL NVDR

     712,500         1,136,618  

Robinson Department Store PCL

     940,433         1,529,218  

Rojana Industrial Park PCL NVDR

     58,465         12,436  

Samart Corp. PCL

     4,546,100         2,564,539  

Samart Telcoms PCL NDVR

     4,326,724         1,840,592  

Sansiri PCL

     67,406,418         3,927,193  

SNC Former PCL NVDR

     1,265,754         604,784  

Somboon Advance Technology PCL NVDR

     855,096         421,749  

Sri Trang Agro-Industry PCL NVDR

     6,084,060         2,869,486  

Sriracha Construction PCL NVDR

     726,444         800,566  

Srithai Superware PCL NVDR

     653,946         409,220  

Supalai PCL

     8,171,327         4,483,650  

Thai Stanley Electric PCL NVDR

     50,770         317,704  

Thai Union Frozen Products PCL NVDR

     4,041,305         8,564,726  

Thai Vegetable Oil PCL

     7,806,148         5,462,378  

Thanachart Capital PCL

     5,423,466         6,018,643  

Thitikorn PCL NVDR

     654,229         190,581  

Ticon Industrial Connection PCL NVDR

     6,452,315         3,421,079  

Tisco Financial Group PCL

     1,952,575         2,452,757  

Tisco Financial Group PCL NVDR

     3,025,757         3,800,851  

TPI Polene PCL NVDR

     1,553,461         531,548  

TPI Polene PCL

     729,098         249,476  

TTW PCL

     21,615,824         6,463,425  
     

 

 

 
Total Thailand               157,021,645  
Turkey – 4.5%   

Akcansa Cimento A.S.

     428,473         2,213,270  

Aksa Akrilik Kimya Sanayii*

     1,323,007         4,217,889  

Aksigorta A.S.

     397,050         538,260  

Anadolu Cam Sanayii A.S.

     151,307         118,828  

Anadolu Hayat Emeklilik A.S.

     636,690         1,392,908  

Aselsan Elektronik Sanayi ve Ticaret A.S.

     745,691         3,001,309  

Aslan Cimento A.S.

     35,474         439,445  
Investments    Shares      Value  

Borusan Mannesmann Boru Sanayi ve Ticaret A.S.

     487,977       $ 1,281,989  

Brisa Bridgestone Sabanci Sanayi ve Ticaret A.S.

     969,890         2,443,767  

Celebi Hava Servisi A.S.

     29,842         226,689  

Cimsa Cimento Sanayi ve Tica

     1,186,099         6,182,219  

Dogus Otomotiv Servis ve Ticaret A.S.

     1,484,914         5,476,800  

Konya Cimento Sanayii A.S.

     19,918         2,174,109  

Netas Telekomunikasyon A.S.

     1,208,484         3,022,340  

Otokar Otomotiv ve Savunma Sanayi A.S.

     88,785         2,282,711  

Selcuk Ecza Deposu Ticaret ve Sanayi A.S.

     2,509,186         2,381,099  

Sinpas Gayrimenkul Yatirim Ortakligi A.S.

     6,416,640         2,189,672  

Soda Sanayii A.S.

     1,279,011         1,751,824  

TAV Havalimanlari Holding A.S.

     774,319         6,225,826  

Tekfen Holding A.S.

     1,502,738         3,428,086  

Torunlar Gayrimenkul Yatirim Ortakligi A.S.

     2,186,419         2,851,584  

Trakya Cam Sanayii A.S.

     2,097,786         2,069,151  

Turk Traktor ve Ziraat Makineleri A.S.

     405,640         10,429,226  

Turkiye Sinai Kalkinma Bankasi A.S.

     1,081,392         925,088  

Turkiye Sise ve Cam Fabrikalari A.S.

     2,514,460         2,726,976  

Ulker Biskuvi Sanayi A.S.

     1,614,559         11,358,972  
     

 

 

 
Total Turkey               81,350,037  
TOTAL COMMON STOCKS
(Cost: $1,651,070,201)
              1,783,270,635  
EXCHANGE-TRADED FUNDS & NOTES – 1.2%   
United States – 1.2%   

iPath MSCI India Index ETN*

     302,629         18,348,396  

WisdomTree Emerging Markets Equity Income Fund(b)

     85,320         4,186,652  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS & NOTES
(Cost: $20,644,323)
              22,535,048  
RIGHTS – 0.0%   
Thailand – 0.0%   
Samart Corp PCL expiring, 7/31/14*†
(Cost: $0)
     89,419           
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%      
United States – 0.1%   

Dreyfus Institutional Preferred Money Market Fund, 0.04%(c)

     
(Cost: $919,582)(d)      919,582         919,582  
TOTAL INVESTMENTS IN SECURITIES – 99.6%
(Cost: $1,672,634,106)
        1,806,725,265  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4%

        7,601,270  
     

 

 

 
NET ASSETS – 100.0%             $ 1,814,326,535  

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2014 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2014.

 

(d) 

At March 31, 2014, the total market value of the Fund’s securities on loan was $836,280 and the total market value of the collateral held by the Fund was $919,582.

 

See Notes to Financial Statements.

 

110   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Middle East Dividend Fund (GULF)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%   
Bahrain – 2.0%   

Ahli United Bank BSC

     1,155,000       $ 902,343  

Al-Salam Bank

     331,841         193,341  
     

 

 

 
Total Bahrain               1,095,684  
Egypt – 11.0%   

Commercial International Bank Egypt SAE

     136,122         694,730  

Eastern Tobacco

     13,780         336,221  

Juhayna Food Industries

     42,257         78,237  

Orascom Telecom Media And Technology Holding SAE

     12,303,220         2,207,268  

Sidi Kerir Petrochemcials Co.

     278,578         782,863  

Telecom Egypt Co.

     746,562         1,806,548  
     

 

 

 
Total Egypt               5,905,867  
Jordan – 2.3%   

Arab Bank PLC

     86,730         1,111,515  

Jordan Phosphate Mines

     11,089         98,760  
     

 

 

 
Total Jordan               1,210,275  
Kuwait – 15.1%   

Agility Public Warehousing Co. KSC

     197,463         532,925  

Ahli United Bank

     116,565         310,454  

Aviation Lease And Finance Co. KSCC

     30,525         27,100  

Burgan Bank SAK

     111,842         222,413  

Commercial Real Estate Co. KSCC

     320,000         107,955  

Ikarus Petroleum Industries KSCC

     360,000         235,227  

KGL Logistics Co. KSCC

     99,500         64,308  

Kuwait Finance House

     142,173         459,437  

Kuwait Financial Center*

     60,000         33,239  

Kuwait Food Co. (Americana)*

     52,500         473,544  

Kuwait International Bank

     170,000         181,108  

Kuwait Projects Co. Holdings KSC

     223,078         562,448  

Mabanee Co. SAKC

     51,339         204,189  

Mobile Telecommunications Co. KSC

     1,201,177         2,857,914  

National Bank of Kuwait

     516,787         1,816,829  
     

 

 

 
Total Kuwait               8,089,090  
Morocco – 7.5%   

Attijariwafa Bank

     20,180         774,296  

Banque Marocaine du Commerce Exterieur

     8,886         227,883  

Maroc Telecom S.A.

     246,322         3,022,467  
     

 

 

 
Total Morocco               4,024,646  
Oman – 3.7%   

Ahli Bank SAOG

     169,750         81,127  

Al Anwar Ceramic Tile Co.

     84,782         131,247  

Bank Sohar

     140,542         81,770  

BankMuscat SAOG

     328,874         543,283  

National Bank of Oman SAOG

     368,374         278,433  

Oman Telecommunications Co. SAOG

     228,213         889,142  
     

 

 

 
Total Oman               2,005,002  
Qatar – 30.9%   

Al Khaliji

     42,509         255,667  

Barwa Real Estate Co.

     58,378         584,381  
Investments    Shares      Value  

Commercial Bank of Qatar QSC (The)

     66,110       $ 1,161,975  

Doha Bank QSC

     64,059         1,087,222  

Gulf International Services OSC

     16,547         356,729  

Industries Qatar QSC

     75,610         3,870,568  

Masraf Al Rayan

     70,212         765,511  

Mazaya Qatar Real Estate Development QSC*

     13,347         52,600  

National Leasing

     7,073         56,817  

Ooredoo QSC

     34,641         1,310,008  

Qatar Electricity & Water Co.

     13,922         657,627  

Qatar Fuel Co.

     6,891         467,254  

Qatar Gas Transport Co. Nakilat

     84,178         465,825  

Qatar Insurance Co.

     11,144         198,626  

Qatar International Islamic Bank

     24,028         475,116  

Qatar Islamic Bank

     33,646         679,157  

Qatar National Bank SAQ

     72,077         3,713,461  

Qatari Investors’ Group

     12,575         188,215  

United Development Co.

     39,652         226,396  

Widam Food Co.

     2,829         38,847  
     

 

 

 
Total Qatar               16,612,002  
United Arab Emirates – 26.2%   

Abu Dhabi Commercial Bank PJSC

     1,022,612         2,032,417  

Aldar Properties PJSC*

     679,986         638,702  

Aramex PJSC

     110,765         99,517  

DP World Ltd.

     39,407         705,385  

Dubai Investments PJSC

     545,283         561,168  

Dubai Islamic Bank PJSC

     650,049         1,086,660  

Emaar Properties PJSC

     410,054         1,110,819  

Emirates NBD PJSC

     977,028         2,197,182  

First Gulf Bank PJSC

     741,667         3,291,361  

Gulf Cement Co. PSC

     80,000         35,795  

National Bank of Abu Dhabi PJSC

     459,583         1,701,696  

National Central Cooling Co. PJSC

     14,858         8,819  

RAK Properties PJSC

     490,711         148,295  

Union National Bank PJSC*

     224,767         428,361  
     

 

 

 
Total United Arab Emirates               14,046,177  
TOTAL COMMON STOCKS
(Cost: $44,024,128)
              52,988,743  
CONVERTIBLE BOND – 0.0%   
Oman – 0.0%   

BankMuscat SAOG, 4.50%, expiring 3/20/17

     
(Cost: $12,813)      49,331         12,813  
TOTAL INVESTMENTS IN SECURITIES – 98.7%
(Cost: $44,036,941)
         53,001,556  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 1.3%

        715,555  
     

 

 

 
NET ASSETS – 100.0%             $ 53,717,111  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      111   


Table of Contents

Schedule of Investments

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Austria – 1.0%      

Andritz AG

     49,314       $ 3,048,660  

Lenzing AG

     12,413         684,328  

RHI AG

     9,499         305,764  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     137,389         6,777,063  
     

 

 

 
Total Austria               10,815,815  
Belgium – 7.5%      

Anheuser-Busch InBev N.V.

     576,842         60,501,953  

Delhaize Group S.A.

     50,812         3,715,177  

NV Bekaert S.A.

     33,479         1,365,354  

Solvay S.A.

     44,091         6,924,560  

UCB S.A.

     83,726         6,706,776  
     

 

 

 
Total Belgium               79,213,820  
Finland – 3.0%      

Amer Sports Oyj

     54,388         1,155,887  

Cargotec Oyj Class B

     36,772         1,583,781  

Huhtamaki Oyj

     68,753         1,885,700  

Kemira Oyj

     123,774         1,804,858  

Kone Oyj Class B

     253,342         10,628,689  

Konecranes Oyj

     50,618         1,613,647  

Metso Oyj

     180,339         5,898,143  

Outotec Oyj*

     118,867         1,317,180  

Wartsila Oyj Abp

     102,373         5,563,397  
     

 

 

 
Total Finland               31,451,282  
France – 22.9%      

Alstom S.A.

     149,867         4,093,903  

Arkema S.A.

     22,213         2,516,558  

Bourbon S.A.

     30,515         1,003,066  

Casino Guichard Perrachon S.A.

     67,556         8,042,758  

Christian Dior S.A.

     45,235         8,712,730  

Cie Generale des Etablissements Michelin

     92,787         11,609,277  

Dassault Systemes S.A.

     17,217         2,017,942  

Edenred

     108,148         3,394,726  

Essilor International S.A.

     32,733         3,302,363  

Etablissements Maurel et Prom

     45,579         701,691  

Havas S.A.

     132,383         991,470  

Hermes International

     15,710         5,231,196  

Ingenico

     8,638         808,252  

IPSOS

     14,694         596,421  

Kering

     43,262         8,827,605  

Lafarge S.A.

     43,957         3,435,097  

Legrand S.A.

     106,145         6,597,141  

L’Oreal S.A.

     161,987         26,724,044  

LVMH Moet Hennessy Louis Vuitton S.A.

     169,987         30,913,841  

Neopost S.A.

     37,987         3,001,021  

Pernod Ricard S.A.

     69,826         8,132,082  

Publicis Groupe S.A.

     48,498         4,383,521  

Rallye S.A.

     44,999         2,102,473  

Remy Cointreau S.A.

     10,134         813,588  

Rubis

     19,951         1,436,742  

Safran S.A.

     141,800         9,828,466  
Investments    Shares      Value  

Sanofi

     404,687       $ 42,211,253  

Schneider Electric S.A.

     269,076         23,864,447  

SEB S.A.

     15,344         1,324,702  

Societe BIC S.A.

     22,869         3,005,355  

Sodexo

     55,694         5,843,756  

Technip S.A.

     30,134         3,111,175  

Teleperformance

     13,921         807,469  

Vallourec S.A.

     35,528         1,929,523  

Zodiac Aerospace

     46,664         1,649,670  
     

 

 

 
Total France               242,965,324  
Germany – 26.2%      

Adidas AG

     40,627         4,397,780  

Bayer AG

     228,438         30,911,440  

Bayerische Motoren Werke AG

     264,648         33,418,486  

Brenntag AG

     11,274         2,092,244  

Daimler AG

     585,226         55,323,835  

Duerr AG

     6,016         464,327  

E.ON SE

     2,071,044         40,504,156  

Fresenius Medical Care AG & Co. KGaA

     51,224         3,575,862  

Fresenius SE & Co. KGaA

     23,768         3,721,336  

GEA Group AG

     41,673         1,905,720  

HeidelbergCement AG

     20,220         1,733,681  

Henkel AG & Co. KGaA

     46,893         4,714,777  

Hochtief AG

     17,748         1,611,991  

Infineon Technologies AG

     237,639         2,837,029  

K+S AG

     110,494         3,631,315  

Krones AG

     3,359         320,920  

LANXESS AG

     19,412         1,464,813  

Linde AG

     42,196         8,444,341  

MAN SE

     19,883         2,534,846  

Merck KGaA

     36,173         6,094,825  

MTU Aero Engines AG

     9,364         870,634  

Norma Group SE

     6,718         356,151  

SAP AG

     224,946         18,217,464  

Siemens AG

     343,341         46,232,576  

Software AG

     19,544         708,161  

Symrise AG

     25,546         1,276,670  

Wacker Chemie AG

     6,022         735,613  
     

 

 

 
Total Germany               278,100,993  
Ireland – 1.4%      

CRH PLC

     523,202         14,562,674  

Glanbia PLC

     34,998         537,349  
     

 

 

 
Total Ireland               15,100,023  
Italy – 1.9%      

Luxottica Group SpA

     145,739         8,432,301  

Parmalat SpA

     853,984         2,944,862  

Pirelli & C. SpA

     339,563         5,335,229  

Salini Impregilo SpA

     334,772         2,043,999  

Salvatore Ferragamo SpA

     65,706         1,935,251  
     

 

 

 
Total Italy               20,691,642  
Netherlands – 17.5%      

Aegon N.V.

     1,859,398         17,075,366  

 

See Notes to Financial Statements.

 

112   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Hedged Fund (HEDJ)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Airbus Group N.V.

     210,888       $ 15,111,221  

Akzo Nobel N.V.

     132,089         10,782,917  

Arcadis N.V.

     26,686         1,026,713  

ASM International N.V.

     18,432         740,142  

ASML Holding N.V.

     65,767         6,093,952  

Brunel International N.V.

     8,638         605,743  

Corbion N.V.

     41,089         970,087  

Fugro N.V.

     62,514         3,845,747  

Gemalto N.V.

     7,867         916,641  

Heineken Holding N.V.

     97,817         6,318,163  

Heineken N.V.

     177,817         12,381,250  

Koninklijke Ahold N.V.

     639,373         12,848,123  

Koninklijke BAM Groep N.V.

     136,302         817,183  

Koninklijke Boskalis Westminster N.V.

     82,598         4,550,211  

Koninklijke DSM N.V.

     91,755         6,299,669  

Koninklijke Philips N.V.

     593,291         20,855,517  

Reed Elsevier N.V.

     465,935         10,072,510  

STMicroelectronics N.V.

     683,834         6,333,559  

Unilever N.V.

     1,009,688         41,518,447  

Wolters Kluwer N.V.

     216,393         6,108,028  
     

 

 

 
Total Netherlands               185,271,189  
Portugal – 1.1%      

Jeronimo Martins, SGPS, S.A.

     217,752         3,655,420  

Portugal Telecom, SGPS, S.A.

     1,763,899         7,504,784  
     

 

 

 
Total Portugal               11,160,204  
Spain – 17.1%      

Abengoa S.A. Class B

     423,259         1,968,245  

Acerinox S.A.

     141,988         2,281,803  

ACS Actividades de Construccion y Servicios, S.A.

     354,863         13,946,395  

Banco Bilbao Vizcaya Argentaria S.A.

     6,998,664         84,093,005  

Banco Santander S.A.

     5,437,264         51,865,329  

Duro Felguera S.A.

     422,958         2,897,220  

Mapfre S.A.

     3,605,243         15,204,909  

Obrascon Huarte Lain S.A.

     83,785         3,643,288  

Prosegur Cia de Seguridad S.A.

     388,861         2,502,875  

Tecnicas Reunidas S.A.

     54,049         3,054,586  
     

 

 

 
Total Spain               181,457,655  

TOTAL COMMON STOCKS

(Cost: $965,284,076)

              1,056,227,947  
RIGHTS – 0.2%      
Spain – 0.2%      

Banco Bilbao Vizcaya Argentaria S.A., expiring 5/14/14*

     
(Cost: $1,588,733)      6,861,416         1,607,646  
TOTAL INVESTMENTS IN SECURITIES – 99.8% (Cost: $966,872,809)         1,057,835,593  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.2%

        2,483,891  
     

 

 

 
NET ASSETS – 100.0%             $ 1,060,319,484  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      113   


Table of Contents

Schedule of Investments

WisdomTree Commodity Country Equity Fund (CCXE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.3%      
Australia – 11.8%      

AGL Energy Ltd.

     1,812       $ 25,494  

Amcor Ltd.

     2,794         26,906  

AMP Ltd.

     7,240         33,418  

Australia & New Zealand Banking Group Ltd.

     8,447         258,830  

BHP Billiton Ltd.

     9,409         318,045  

Coca-Cola Amatil Ltd.

     2,575         26,325  

Commonwealth Bank of Australia

     4,877         350,048  

CSL Ltd.

     474         30,560  

Insurance Australia Group Ltd.

     5,076         26,205  

Macquarie Group Ltd.

     685         36,779  

National Australia Bank Ltd.

     8,056         264,769  

Origin Energy Ltd.

     3,355         44,436  

QBE Insurance Group Ltd.

     1,752         20,818  

Rio Tinto Ltd.

     1,016         59,844  

Suncorp Group Ltd.

     2,753         32,839  

Telstra Corp., Ltd.

     60,525         284,976  

Wesfarmers Ltd.

     4,059         154,960  

Westpac Banking Corp.

     10,303         330,025  

Woodside Petroleum Ltd.

     2,520         91,138  

Woolworths Ltd.

     3,933         130,210  
     

 

 

 
Total Australia               2,546,625  
Brazil – 11.6%      

Ambev S.A.

     44,796         336,491  

Banco Bradesco S.A.

     6,539         97,397  

Banco do Brasil S.A.

     25,300         255,635  

Banco Santander Brasil S.A.

     20,200         112,526  

BM&F Bovespa S.A.

     9,800         48,859  

CCR S.A.

     9,700         74,883  

Cia Energetica de Minas Gerais

     8,501         59,147  

Cia Siderurgica Nacional S.A.

     21,300         92,884  

Cielo S.A.

     4,032         129,206  

CPFL Energia S.A.

     8,600         70,888  

Itau Unibanco Holding S.A.

     10,162         143,795  

Natura Cosmeticos S.A.

     2,900         48,991  

Petroleo Brasileiro S.A.

     20,200         133,921  

Souza Cruz S.A.

     9,600         87,640  

Telefonica Brasil S.A.

     2,700         49,657  

Tim Participacoes S.A.

     14,700         77,197  

Tractebel Energia S.A.

     7,200         111,996  

Transmissora Alianca de Energia Eletrica S.A.

     3,800         32,417  

Ultrapar Participacoes S.A.

     2,000         48,668  

Vale S.A.

     34,700         483,170  
     

 

 

 
Total Brazil               2,495,368  
Canada – 11.5%      

Bank of Montreal

     2,300         154,118  

Bank of Nova Scotia

     3,500         203,040  

Barrick Gold Corp.

     4,618         82,339  

BCE, Inc.

     4,200         181,204  

Canadian Imperial Bank of Commerce

     1,492         128,755  

Cenovus Energy, Inc.

     2,422         70,153  

Crescent Point Energy Corp.

     2,800         102,360  
Investments    Shares      Value  
     

Enbridge, Inc.

     2,200       $ 100,079  

Great-West Lifeco, Inc.

     3,000         82,818  

Husky Energy, Inc.

     4,300         129,185  

Manulife Financial Corp.

     4,274         82,556  

Potash Corp. of Saskatchewan, Inc.

     1,900         68,839  

Power Financial Corp.

     2,400         74,430  

Rogers Communications, Inc. Class B

     1,900         78,858  

Royal Bank of Canada

     4,200         277,362  

Sun Life Financial, Inc.

     2,100         72,832  

Suncor Energy, Inc.

     2,998         104,872  

Thomson Reuters Corp.

     3,400         116,409  

Toronto-Dominion Bank (The)

     5,148         241,740  

TransCanada Corp.

     2,800         127,474  
     

 

 

 
Total Canada               2,479,423  
Chile – 9.7%      

AES Gener S.A.

     138,054         75,156  

Aguas Andinas S.A. Class A

     232,410         143,458  

Antarchile S.A.

     4,626         61,317  

Banco de Chile

     2,155,129         270,007  

Banco de Credito e Inversiones

     1,521         87,075  

Banco Santander Chile

     3,836,347         223,602  

CAP S.A.

     2,985         48,114  

Cencosud S.A.

     16,517         54,436  

Cia Cervecerias Unidas S.A.

     5,744         64,176  

Corpbanca

     5,936,170         69,511  

Empresa Nacional de Electricidad S.A.

     112,106         161,344  

Empresas COPEC S.A.

     9,716         126,405  

Enersis S.A.

     815,136         252,249  

ENTEL Chile S.A.

     7,419         90,293  

Inversiones Aguas Metropolitanas S.A.

     44,152         71,308  

Inversiones La Construccion S.A.

     3,190         42,860  

Quinenco S.A.

     36,775         79,461  

SACI Falabella

     18,627         163,217  
     

 

 

 
Total Chile               2,083,989  
New Zealand – 15.0%      

Air New Zealand Ltd.

     94,326         167,386  

Auckland International Airport Ltd.

     125,218         413,986  

Contact Energy Ltd.

     38,100         175,886  

Ebos Group Ltd.

     2,988         26,577  

Fisher & Paykel Healthcare Corp., Ltd.

     45,268         166,945  

Fletcher Building Ltd.

     56,977         470,686  

Freightways Ltd.

     13,746         57,732  

Infratil Ltd.

     59,309         116,312  

Kathmandu Holdings Ltd.

     18,952         63,315  

Mainfreight Ltd.

     5,887         67,687  

Michael Hill International Ltd.

     20,210         23,851  

Nuplex Industries Ltd.

     24,531         73,652  

PGG Wrightson Ltd.

     128,116         45,581  

Ryman Healthcare Ltd.

     13,214         100,331  

SKY Network Television Ltd.

     38,854         210,722  

SKYCITY Entertainment Group Ltd.

     49,005         167,120  

Telecom Corp. of New Zealand Ltd.

     350,759         742,665  

Tower Ltd.

     15,365         20,933  

 

See Notes to Financial Statements.

 

114   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Commodity Country Equity Fund (CCXE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     

Trade Me Ltd.

     30,020       $ 106,023  
     

 

 

 
Total New Zealand               3,217,390  
Norway – 14.6%      

Aker ASA Class A

     1,024         33,095  

Aker Solutions ASA

     3,878         60,401  

Atea ASA

     2,842         31,211  

DNB ASA

     7,940         138,057  

Fred Olsen Energy ASA

     1,624         54,250  

Gjensidige Forsikring ASA

     8,119         165,172  

Kongsberg Gruppen ASA

     1,216         27,724  

Leroey Seafood Group ASA

     735         23,878  

Marine Harvest ASA

     1,915         21,686  

Norsk Hydro ASA

     18,935         94,405  

Orkla ASA

     16,048         136,837  

Petroleum Geo-Services ASA

     1,363         16,596  

Schibsted ASA

     454         28,179  

SpareBank 1 SR Bank ASA

     1,612         16,357  

Statoil ASA

     51,961         1,466,734  

Telenor ASA

     24,087         533,876  

TGS Nopec Geophysical Co. ASA

     1,334         43,739  

Veidekke ASA

     2,389         24,740  

Wilh. Wilhelmsen ASA Class B

     2,777         26,323  

Yara International ASA

     4,529         200,161  
     

 

 

 
Total Norway               3,143,421  
Russia – 12.4%      

Gazprom Neft JSC ADR

     5,025         103,515  

Gazprom OAO ADR

     80,469         619,902  

Lukoil OAO ADR

     5,119         284,439  

Magnit OJSC GDR

     490         26,852  

MegaFon OAO GDR

     4,862         136,865  

MMC Norilsk Nickel OJSC ADR

     18,456         306,923  

Mobile Telesystems OJSC ADR

     6,300         110,187  

NovaTek OAO Reg S GDR

     716         78,760  

Novolipetsk Steel OJSC Reg S GDR

     1,077         13,613  

Phosagro OAO Reg S GDR

     2,927         32,636  

Rosneft Oil Co. Reg S GDR

     73,497         489,417  

Rostelecom OJSC ADR

     1,546         22,170  

RushHydro JSC ADR

     7,033         10,676  

Sberbank of Russia ADR

     13,142         127,758  

Severstal OAO Reg S GDR

     3,237         24,504  

Sistema JSFC Reg S GDR

     1,923         43,287  

Surgutneftegas OJSC ADR

     9,152         67,450  

Tatneft ADR

     2,045         70,062  

Uralkali OJSC Reg S GDR

     2,791         66,231  

VTB Bank OJSC Reg S GDR

     13,307         29,262  
     

 

 

 
Total Russia               2,664,509  
South Africa – 12.7%      

Barclays Africa Group Ltd.

     7,308         103,527  

Bidvest Group Ltd.

     2,994         79,252  

Exxaro Resources Ltd.

     3,672         48,877  

FirstRand Ltd.

     49,396         169,539  

Imperial Holdings Ltd.

     2,326         41,686  

Kumba Iron Ore Ltd.

     6,354         228,355  
Investments    Shares      Value  
     

Liberty Holdings Ltd.

     2,633       $ 31,129  

MMI Holdings Ltd.

     18,286         42,769  

MTN Group Ltd.

     26,360         540,212  

Nedbank Group Ltd.

     4,768         101,562  

RMB Holdings Ltd.

     12,138         55,347  

Sanlam Ltd.

     17,128         93,702  

Sasol Ltd.

     7,740         433,858  

Shoprite Holdings Ltd.

     2,955         44,727  

Standard Bank Group Ltd.

     14,239         187,906  

Tiger Brands Ltd.

     1,748         45,249  

Truworths International Ltd.

     6,127         45,000  

Vodacom Group Ltd.

     31,878         393,978  

Woolworths Holdings Ltd.

     7,770         54,209  
     

 

 

 
Total South Africa               2,740,884  
TOTAL COMMON STOCKS
(Cost: $20,872,428)
              21,371,609  
EXCHANGE-TRADED FUNDS – 0.1%   
United States – 0.1%      
WisdomTree Global Natural Resources Fund(a)
(Cost: $10,733)
     519         11,058  
RIGHTS – 0.0%      
Chile – 0.0%      
AES Gener S.A., expiring 5/30/14*
(Cost: $0)
     5,735         467  
TOTAL INVESTMENTS IN SECURITIES – 99.4%
(Cost: $20,883,161)
         21,383,134  

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

        139,003  
     

 

 

 
NET ASSETS – 100.0%             $ 21,522,137  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      115   


Table of Contents

Schedule of Investments

WisdomTree Global Natural Resources Fund (GNAT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.9%      
Australia – 5.2%      

BHP Billiton Ltd.

     11,441       $ 386,731  

Rio Tinto Ltd.

     5,913         348,284  

Woodside Petroleum Ltd.

     11,942         431,891  
     

 

 

 
Total Australia               1,166,906  
Brazil – 2.6%      

Petroleo Brasileiro S.A.

     14,500         96,131  

Vale S.A.

     35,200         490,133  
     

 

 

 
Total Brazil               586,264  
Canada – 11.0%      

Agrium, Inc.

     1,336         130,399  

Cameco Corp.

     6,220         142,630  

Canadian Natural Resources Ltd.

     3,700         142,033  

Crescent Point Energy Corp.

     14,508         530,372  

Encana Corp.

     17,313         370,337  

First Quantum Minerals Ltd.

     4,146         76,741  

Husky Energy, Inc.

     10,700         321,461  

Imperial Oil Ltd.

     2,186         101,957  

Potash Corp. of Saskatchewan, Inc.

     3,423         124,019  

Silver Wheaton Corp.

     5,892         133,881  

Suncor Energy, Inc.

     4,509         157,728  

Teck Resources Ltd. Class B

     10,643         230,072  
     

 

 

 
Total Canada               2,461,630  
China – 1.4%      

China Shenhua Energy Co., Ltd. Class H

     111,500         321,978  
France – 3.2%      

Technip S.A.

     1,273         131,430  

Total S.A.

     8,778         575,878  
     

 

 

 
Total France               707,308  
Germany – 1.2%      

K+S AG

     7,833         257,427  
Hong Kong – 1.0%      

CNOOC Ltd.

     143,618         215,879  
Indonesia – 0.2%      

PT Charoen Pokphand Indonesia Tbk

     128,100         45,049  
Israel – 1.8%      

Israel Chemicals Ltd.

     46,494         406,172  
Italy – 2.4%      

Eni SpA

     21,489         539,329  
Japan – 1.1%      

Sumitomo Metal Mining Co., Ltd.

     20,000         251,687  
Malaysia – 2.4%      

Felda Global Ventures Holdings Bhd

     64,000         91,134  

IOI Corp. Bhd

     129,300         190,060  

Kuala Lumpur Kepong Bhd

     32,900         243,816  
     

 

 

 
Total Malaysia               525,010  
Mexico – 1.5%      

Grupo Mexico S.A.B. de C.V. Series B

     71,507         225,940  

Industrias Penoles S.A.B de C.V.

     4,460         116,620  
     

 

 

 
Total Mexico               342,560  
Investments    Shares      Value  
     
Netherlands – 1.5%      

Fugro N.V.

     5,598       $ 344,379  
Norway – 3.8%      

Statoil ASA

     17,199         485,486  

Yara International ASA

     8,073         356,790  
     

 

 

 
Total Norway               842,276  
Poland – 5.0%      

KGHM Polska Miedz S.A.

     31,229         1,125,584  
Russia – 11.9%      

Gazprom OAO ADR

     53,497         411,927  

Lukoil OAO ADR

     6,035         335,305  

MMC Norilsk Nickel OJSC ADR

     42,997         715,040  

NovaTek OAO Reg S GDR

     1,252         137,720  

Novolipetsk Steel OJSC Reg S GDR

     7,663         96,861  

Phosagro OAO GDR

     32,208         359,119  

Rosneft Oil Co. Reg S GDR

     62,002         412,871  

Uralkali OJSC Reg S GDR

     8,014         190,172  
     

 

 

 
Total Russia               2,659,015  
Singapore – 0.5%      

Wilmar International Ltd.

     43,000         118,309  
South Africa – 4.7%      

Assore Ltd.

     3,411         132,316  

Exxaro Resources Ltd.

     16,022         213,263  

Kumba Iron Ore Ltd.

     9,322         335,021  

Sasol Ltd.

     6,469         362,613  
     

 

 

 
Total South Africa               1,043,213  
South Korea – 0.6%      

Korea Zinc Co., Ltd.

     441         136,926  
Spain – 1.1%      

Repsol S.A.

     9,521         243,091  
Switzerland – 1.1%      

Syngenta AG

     462         174,842  

Transocean Ltd.

     1,649         67,987  
     

 

 

 
Total Switzerland               242,829  
Thailand – 2.2%      

PTT Exploration & Production PCL

     51,541         249,443  

PTT PCL NVDR

     27,200         250,703  
     

 

 

 
Total Thailand               500,146  
United Kingdom – 14.1%      

Anglo American PLC

     13,212         336,233  

Antofagasta PLC

     7,971         111,028  

BG Group PLC

     5,989         111,578  

BHP Billiton PLC

     10,978         337,488  

BP PLC

     57,388         459,237  

Fresnillo PLC

     16,573         233,056  

Rio Tinto PLC

     6,993         389,099  

Royal Dutch Shell PLC Class A

     11,976         437,451  

Royal Dutch Shell PLC Class B

     10,676         416,574  

Tullow Oil PLC

     5,744         71,677  

Vedanta Resources PLC

     17,357         261,009  
     

 

 

 
Total United Kingdom               3,164,430  

 

See Notes to Financial Statements.

 

116   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global Natural Resources Fund (GNAT)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
     
United States – 17.4%      

Anadarko Petroleum Corp.

     347       $ 29,412  

Apache Corp.

     749         62,130  

Archer-Daniels-Midland Co.

     5,083         220,551  

Baker Hughes, Inc.

     2,126         138,233  

Cabot Oil & Gas Corp.

     214         7,250  

CF Industries Holdings, Inc.

     333         86,793  

Chesapeake Energy Corp.

     5,648         144,702  

Chevron Corp.

     1,846         219,508  

ConocoPhillips

     5,356         376,795  

CONSOL Energy, Inc.

     3,426         136,869  

Devon Energy Corp.

     1,967         131,651  

Diamond Offshore Drilling, Inc.

     5,598         272,958  

EOG Resources, Inc.

     296         58,066  

Exxon Mobil Corp.

     2,126         207,668  

Freeport-McMoRan Copper & Gold, Inc.

     8,962         296,373  

Halliburton Co.

     1,724         101,526  

Helmerich & Payne, Inc.

     806         86,693  

Ingredion, Inc.

     1,715         116,757  

Marathon Oil Corp.

     4,351         154,548  

Monsanto Co.

     967         110,016  

Mosaic Co. (The)

     2,059         102,950  

National Oilwell Varco, Inc.

     936         72,886  

Noble Energy, Inc.

     1,133         80,488  

Occidental Petroleum Corp.

     2,050         195,345  

Oceaneering International, Inc.

     1,021         73,369  

Peabody Energy Corp.

     7,701         125,834  

Pioneer Natural Resources Co.

     19         3,556  

Southern Copper Corp.

     9,712         282,716  
     

 

 

 
Total United States               3,895,643  
TOTAL COMMON STOCKS
(Cost: $24,732,811)
              22,143,040  
EXCHANGE-TRADED FUNDS & NOTES – 0.8%   
United States – 0.8%      

iPath MSCI India Index ETN*

     2,073         125,686  

WisdomTree Global Equity Income Fund(a)

     1,182         56,133  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS & NOTES
(Cost: $164,033)
              181,819  
TOTAL INVESTMENTS IN SECURITIES – 99.7%
(Cost: $24,896,844)
        22,324,859  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.3%

        57,991  
     

 

 

 
NET ASSETS – 100.0%             $ 22,382,850  

ADR – American Depositary Receipt

ETN – Exchange Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      117   


Table of Contents

Schedule of Investments

WisdomTree Global ex-U.S. Utilities Fund (DBU)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.8%      
Australia – 2.4%      

AGL Energy Ltd.

     32,382       $ 455,601  

Envestra Ltd.

     262,420         273,627  
     

 

 

 
Total Australia               729,228  
Austria – 0.9%      

Verbund AG

     12,777         262,916  
Brazil – 11.1%      

Centrais Eletricas Brasileiras S.A.

     238,000         696,122  

Cia de Saneamento Basico do Estado de Sao Paulo

     6,000         56,105  

Cia de Saneamento de Minas Gerais-COPASA

     12,100         194,812  

CPFL Energia S.A.

     40,400         333,011  

EDP-Energias do Brasil S.A.

     77,200         352,387  

Equatorial Energia S.A.

     6,488         58,799  

Light S.A.

     99,200         824,285  

Tractebel Energia S.A.

     29,500         458,874  

Transmissora Alianca de Energia Eletrica S.A.

     46,400         395,834  
     

 

 

 
Total Brazil               3,370,229  
Canada – 8.4%      

Algonquin Power & Utilities Corp.

     35,400         250,165  

Atco Ltd. Class I

     2,406         115,771  

Canadian Utilities Ltd. Class A

     4,886         182,071  

Capital Power Corp.

     16,451         383,348  

Emera, Inc.

     8,336         259,879  

Fortis, Inc.

     8,397         239,795  

Northland Power, Inc.

     18,964         298,957  

Superior Plus Corp.

     28,500         314,501  

TransAlta Corp.

     41,692         485,006  
     

 

 

 
Total Canada               2,529,493  
Chile – 5.4%      

AES Gener S.A.

     266,117         144,873  

Aguas Andinas S.A. Class A

     546,576         337,380  

Cia General de Electricidad S.A.

     25,424         123,113  

Colbun S.A.

     80,475         19,747  

E.CL S.A.

     124,454         166,614  

Empresa Nacional de Electricidad S.A.

     88,792         127,790  

Enersis S.A.

     523,937         162,136  

Gasco S.A.

     18,051         190,100  

Inversiones Aguas Metropolitanas S.A.

     226,657         366,065  
     

 

 

 
Total Chile               1,637,818  
China – 0.7%      

China Datang Corp. Renewable Power Co., Ltd. Class H

     446,000         70,720  

China Longyuan Power Group Corp. Class H

     70,100         70,579  

Huaneng Power International, Inc. Class H

     58,640         56,092  
     

 

 

 
Total China               197,391  
Czech Republic – 1.9%      

CEZ AS

     19,458         558,218  
Finland – 1.9%      

Fortum Oyj

     25,297         575,282  
Investments    Shares      Value  
France – 12.0%      

EDF S.A.

     21,275       $ 841,989  

GDF Suez

     32,300         884,117  

Rubis

     4,629         333,350  

Suez Environnement Co.

     36,001         731,623  

Veolia Environnement S.A.

     43,012         851,279  
     

 

 

 
Total France               3,642,358  
Germany – 4.4%      

E.ON SE

     34,952         683,569  

RWE AG

     15,859         643,927  
     

 

 

 
Total Germany               1,327,496  
Hong Kong – 4.5%      

China Power International Development Ltd.

     797,000         276,385  

China Resources Power Holdings Co., Ltd.

     78,100         203,379  

CLP Holdings Ltd.

     33,822         255,069  

Guangdong Investment Ltd.

     256,600         245,120  

Hong Kong & China Gas Co., Ltd.

     50,633         110,443  

Power Assets Holdings Ltd.

     29,886         259,097  
     

 

 

 
Total Hong Kong               1,349,493  
Indonesia – 0.7%      

PT Perusahaan Gas Negara Persero Tbk

     492,500         222,189  
Italy – 7.6%      

A2A SpA

     167,148         216,780  

Edison SpA

     18,265         25,828  

Enel Green Power SpA

     51,585         144,896  

Enel SpA

     109,888         622,169  

Iren SpA

     89,866         162,254  

Snam SpA

     103,044         603,586  

Terna Rete Elettrica Nazionale SpA

     95,624         512,414  
     

 

 

 
Total Italy               2,287,927  
Japan – 3.2%      

Chugoku Electric Power Co., Inc. (The)

     17,000         237,540  

Electric Power Development Co., Ltd.

     4,642         131,392  

Hokuriku Electric Power Co.

     16,800         218,432  

Osaka Gas Co., Ltd.

     36,000         136,680  

Toho Gas Co., Ltd.

     23,000         125,513  

Tokyo Gas Co., Ltd.

     24,000         122,115  
     

 

 

 
Total Japan               971,672  
Malaysia – 2.2%      

Petronas Gas Bhd

     25,500         185,852  

Tenaga Nasional Bhd

     82,900         303,624  

YTL Corp. Bhd

     385,460         180,602  
     

 

 

 
Total Malaysia               670,078  
New Zealand – 0.8%      

Contact Energy Ltd.

     54,815         253,050  
Philippines – 2.2%      

Aboitiz Power Corp.

     431,400         357,857  

Energy Development Corp.

     697,800         88,071  

Manila Electric Co.

     24,940         157,943  

Manila Water Co., Inc.

     134,200         71,521  
     

 

 

 
Total Philippines               675,392  

 

See Notes to Financial Statements.

 

118   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Poland – 4.8%      

Enea S.A.

     39,186       $ 207,512  

PGE S.A.

     130,026         813,362  

Tauron Polska Energia S.A.

     247,224         429,577  
     

 

 

 
Total Poland               1,450,451  
Portugal – 2.4%      

EDP-Energias de Portugal S.A.

     157,752         732,928  
Russia – 0.5%      

Federal Hydrogenerating Co. JSC ADR

     103,508         157,125  
South Korea – 0.9%      

Korea Gas Corp.*

     4,643         271,309  
Spain – 6.6%      

EDP Renovaveis S.A.

     13,755         91,642  

Enagas S.A.

     15,273         464,679  

Gas Natural SDG S.A.

     18,167         511,039  

Iberdrola S.A.

     52,688         368,605  

Red Electrica Corp. S.A.

     6,867         558,402  
     

 

 

 
Total Spain               1,994,367  
Thailand – 3.6%      

Electricity Generating PCL NVDR

     59,146         238,845  

Glow Energy PCL

     101,700         238,261  

Ratchaburi Electricity Generating Holding PCL

     143,000         228,121  

Ratchaburi Electricity Generating Holding PCL NVDR

     29,493         47,049  

Thai Tap Water Supply PCL NVDR

     1,107,920         331,283  
     

 

 

 
Total Thailand               1,083,559  
United Kingdom – 9.7%      

Centrica PLC

     60,132         330,521  

Drax Group PLC

     39,442         503,689  

National Grid PLC

     35,804         490,657  

Pennon Group PLC

     31,823         393,924  

Severn Trent PLC

     11,261         342,246  

SSE PLC

     17,465         427,725  

United Utilities Group PLC

     34,013         446,834  
     

 

 

 
Total United Kingdom               2,935,596  
TOTAL COMMON STOCKS
(Cost: $28,541,322)
              29,885,565  
EXCHANGE-TRADED NOTE – 0.9%      
United States – 0.9%      
iPath MSCI India Index ETN*
(Cost: $229,630)
     4,414         267,621  
RIGHTS – 0.0%      
Chile – 0.0%      
AES Gener S.A., expiring 5/30/14*
(Cost: $0)
     11,054         899  
TOTAL INVESTMENTS IN SECURITIES – 99.7%
(Cost: $28,770,952)
        30,154,085  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.3%

        93,289  
     

 

 

 
NET ASSETS – 100.0%             $ 30,247,374  

ADR – American Depositary Receipt

ETN – Exchange-Traded Note

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      119   


Table of Contents

Schedule of Investments

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
Australia – 16.0%      

Abacus Property Group

     134,625       $ 293,226  

Australand Property Group

     183,844         719,070  

BWP Trust

     129,450         279,555  

CFS Retail Property Trust Group

     867,548         1,519,725  

Charter Hall Group

     59,299         219,296  

Charter Hall Retail REIT

     92,369         306,492  

Cromwell Property Group

     398,617         354,680  

Dexus Property Group

     1,392,988         1,368,557  

Federation Centres Ltd.

     336,108         735,191  

Goodman Group

     273,156         1,197,516  

GPT Group

     433,661         1,471,096  

Investa Office Fund

     143,124         429,801  

Lend Lease Group

     133,167         1,462,596  

Mirvac Group

     662,219         1,043,422  

Stockland

     674,542         2,344,498  

Westfield Group

     457,249         4,343,964  

Westfield Retail Trust

     866,494         2,393,268  
     

 

 

 
Total Australia               20,481,953  
Belgium – 0.9%      

Befimmo S.A.

     6,848         485,692  

Cofinimmo

     5,991         714,156  
     

 

 

 
Total Belgium               1,199,848  
Brazil – 1.3%      

Aliansce Shopping Centers S.A.

     12,800         101,367  

BR Malls Participacoes S.A.

     47,900         415,636  

BR Properties S.A.

     44,743         369,405  

Iguatemi Empresa de Shopping Centers S.A.

     11,100         107,040  

JHSF Participacoes S.A.

     69,000         121,702  

LPS Brasil Consultoria de Imoveis S.A.

     10,900         62,313  

Multiplan Empreendimentos Imobiliarios S.A.

     16,500         354,057  

Sao Carlos Empreendimentos e Participacoes S.A.

     7,200         105,296  
     

 

 

 
Total Brazil               1,636,816  
Canada – 8.8%      

Allied Properties Real Estate Investment Trust

     10,138         316,884  

Artis Real Estate Investment Trust

     33,460         476,852  

Boardwalk Real Estate Investment Trust

     7,039         386,723  

Brookfield Asset Management, Inc. Class A

     46,330         1,890,138  

Brookfield Canada Office Properties

     16,200         410,229  

Calloway Real Estate Investment Trust

     28,049         654,625  

Canadian Apartment Properties REIT

     19,136         369,631  

Canadian Real Estate Investment Trust

     13,424         548,149  

Chartwell Retirement Residences

     45,993         433,782  

Cominar Real Estate Investment Trust

     40,332         676,006  

Dundee Real Estate Investment Trust Class A

     27,705         729,429  

First Capital Realty, Inc.

     37,703         599,491  

Granite Real Estate Investment Trust

     8,551         315,002  

H&R Real Estate Investment Trust

     56,218         1,164,343  

Morguard Real Estate Investment Trust

     15,300         235,651  

Northern Property Real Estate Investment Trust

     8,018         201,367  
Investments    Shares      Value  

RioCan Real Estate Investment Trust

     74,170       $ 1,789,488  
     

 

 

 
Total Canada               11,197,790  
Chile – 0.2%      

Parque Arauco S.A.

     104,794         199,260  
China – 1.0%      

Guangzhou R&F Properties Co., Ltd. Class H

     914,400         1,317,897  
Finland – 0.2%      

Sponda Oyj

     66,428         314,947  
France – 9.6%      

Fonciere des Regions

     18,444         1,709,270  

Gecina S.A.

     13,737         1,827,036  

ICADE

     13,726         1,358,491  

Klepierre

     43,415         1,943,496  

Mercialys S.A.

     25,455         533,267  

Unibail-Rodamco SE

     18,970         4,928,407  
     

 

 

 
Total France               12,299,967  
Germany – 0.9%      

Deutsche Euroshop AG

     10,447         475,369  

Deutsche Wohnen AG

     19,577         419,840  

Deutsche Wohnen AG*

     12,457         260,280  
     

 

 

 
Total Germany               1,155,489  
Hong Kong – 24.4%      

Champion Real Estate Investment Trust

     1,482,000         676,324  

Cheung Kong Holdings Ltd.

     294,238         4,878,015  

China Overseas Grand Oceans Group Ltd.

     91,300         60,027  

China Overseas Land & Investment Ltd.

     652,049         1,689,584  

China South City Holdings Ltd.

     1,148,000         523,900  

Franshion Properties China Ltd.

     998,000         333,222  

Hang Lung Group Ltd.

     109,649         551,987  

Hang Lung Properties Ltd.

     521,283         1,498,587  

Henderson Land Development Co., Ltd.

     242,852         1,416,654  

Hui Xian Real Estate Investment Trust

     1,240,634         680,828  

Hysan Development Co., Ltd.

     139,115         605,273  

Kowloon Development Co., Ltd.

     295,398         356,821  

Link REIT (The)

     376,446         1,851,402  

New World Development Co., Ltd.

     985,682         991,140  

Regal Real Estate Investment Trust

     627,000         175,400  

Shenzhen Investment Ltd.

     904,000         292,513  

Sino Land Co., Ltd.

     1,067,735         1,569,176  

Sino-Ocean Land Holdings Ltd.

     1,357,700         742,118  

Sun Hung Kai Properties Ltd.

     369,871         4,529,782  

Swire Pacific Ltd. Class A

     136,959         1,596,991  

Swire Pacific Ltd. Class B

     535,798         1,153,509  

Swire Properties Ltd.

     617,000         1,757,846  

Wharf Holdings Ltd.

     303,872         1,943,013  

Wheelock & Co., Ltd.

     181,231         707,911  

Yuexiu Property Co., Ltd.

     1,882,000         388,189  

Yuexiu Real Estate Investment Trust

     424,000         209,894  
     

 

 

 
Total Hong Kong               31,180,106  
Indonesia – 0.2%      

PT Bumi Serpong Damai

     349,224         50,262  

 

See Notes to Financial Statements.

 

120   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

PT Ciputra Development Tbk

     654,817       $ 66,865  

PT Lippo Karawaci Tbk

     538,500         51,433  

PT Summarecon Agung Tbk

     713,500         66,891  
     

 

 

 
Total Indonesia               235,451  
Israel – 0.7%      

Azrieli Group

     12,910         451,276  

Gazit-Globe Ltd.

     30,909         398,523  
     

 

 

 
Total Israel               849,799  
Italy – 0.3%      

Beni Stabili SpA

     409,199         352,486  
Japan – 4.0%      

Aeon Mall Co., Ltd.

     9,930         254,168  

Daito Trust Construction Co., Ltd.

     13,400         1,242,738  

Daiwa House Industry Co., Ltd.

     56,000         952,139  

Mitsubishi Estate Co., Ltd.

     28,589         679,018  

Mitsui Fudosan Co., Ltd.

     30,308         926,736  

Nomura Real Estate Holdings, Inc.

     14,165         270,962  

Sumitomo Real Estate Sales Co., Ltd.

     4,980         157,400  

Sumitomo Realty & Development Co., Ltd.

     10,279         403,435  

Tokyo Tatemono Co., Ltd.

     12,000         103,122  

Tokyu Fudosan Holdings Corp.

     15,968         119,390  
     

 

 

 
Total Japan               5,109,108  
Malaysia – 1.5%      

CapitaMalls Malaysia Trust

     366,236         164,865  

IGB Corp. Bhd

     239,700         198,924  

KLCC Property Holdings Bhd

     183,347         356,531  

Mah Sing Group Bhd

     152,280         101,660  

Pavilion Real Estate Investment Trust

     582,700         233,758  

SP Setia Bhd

     424,300         379,408  

Sunway Bhd

     99,900         92,696  

Sunway Real Estate Investment Trust

     607,196         252,882  

UOA Development Bhd

     195,200         129,715  
     

 

 

 
Total Malaysia               1,910,439  
Mexico – 0.4%      

Fibra Uno Administracion S.A. de CV

     142,500         461,176  
Netherlands – 2.2%      

Corio N.V.

     37,256         1,703,215  

Eurocommercial Properties N.V.

     13,791         606,242  

Wereldhave N.V.

     5,286         450,167  
     

 

 

 
Total Netherlands               2,759,624  
New Zealand – 0.2%      

Goodman Property Trust

     304,531         253,686  
Philippines – 0.9%      

Ayala Land, Inc.

     652,100         434,782  

Robinsons Land Corp.

     444,900         217,266  

SM Prime Holdings, Inc.

     1,608,475         523,665  
     

 

 

 
Total Philippines               1,175,713  
Russia – 0.2%      

LSR Group OJSC GDR*

     69,048         189,882  
Investments    Shares      Value  
Singapore – 10.4%      

Ascendas Real Estate Investment Trust

     535,901       $ 963,092  

Ascott Residence Trust

     237,000         225,212  

CapitaCommercial Trust

     753,635         889,943  

CapitaLand Ltd.

     441,589         1,014,824  

CapitaMall Trust

     800,786         1,203,519  

CapitaMalls Asia Ltd.

     363,000         516,695  

CDL Hospitality Trusts

     316,432         416,441  

City Developments Ltd.

     45,103         362,244  

Far East Hospitality Trust

     169,000         110,199  

Fortune Real Estate Investment Trust

     624,000         473,809  

Fragrance Group Ltd.

     405,616         82,249  

Frasers Centrepoint Trust

     256,000         362,355  

Global Logistic Properties Ltd.

     204,000         429,884  

GuocoLand Ltd.

     177,000         308,242  

Keppel Land Ltd.

     270,168         721,852  

Keppel REIT

     698,000         632,754  

Mapletree Commercial Trust

     569,490         552,485  

Mapletree Industrial Trust

     529,018         574,219  

Mapletree Logistics Trust

     844,187         701,503  

Parkway Life Real Estate Investment Trust

     76,000         147,461  

Singapore Land Ltd.

     64,000         479,917  

Starhill Global REIT

     393,000         246,885  

Suntec Real Estate Investment Trust

     706,828         933,032  

UOL Group Ltd.

     104,000         517,705  

Wheelock Properties Singapore Ltd.

     228,000         299,153  

Wing Tai Holdings Ltd.

     111,000         161,529  
     

 

 

 
Total Singapore               13,327,203  
South Africa – 2.6%      

Capital Property Fund

     422,045         420,524  

Growthpoint Properties Ltd.

     476,754         1,106,000  

Hyprop Investments Ltd.

     56,425         411,738  

Redefine Properties Ltd.

     993,384         901,969  

Resilient Property Income Fund Ltd.

     81,913         442,668  
     

 

 

 
Total South Africa               3,282,899  
Sweden – 1.4%      

Atrium Ljungberg AB Class B

     11,099         168,363  

Castellum AB

     39,711         659,038  

Fabege AB

     40,215         523,501  

Hufvudstaden AB Class A

     35,129         494,679  
     

 

 

 
Total Sweden               1,845,581  
Switzerland – 1.5%      

Allreal Holding AG*

     2,371         342,223  

PSP Swiss Property AG*

     6,486         610,162  

Swiss Prime Site AG*

     12,045         1,024,714  
     

 

 

 
Total Switzerland               1,977,099  
Taiwan – 1.2%      

Cathay Real Estate Development Co., Ltd.

     273,000         167,193  

Farglory Land Development Co., Ltd.

     378,291         644,719  

Highwealth Construction Corp.

     195,800         461,652  

Ruentex Development Co., Ltd.

     113,782         208,116  
     

 

 

 
Total Taiwan               1,481,680  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      121   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Thailand – 1.4%      

Bangkokland PCL NVDR

     1,184,321       $ 56,222  

Central Pattana PCL NVDR

     220,774         319,864  

Hemaraj Land and Development PCL NVDR

     1,700,400         163,540  

Land and Houses PCL NVDR

     1,794,259         530,977  

LPN Development PCL NVDR

     261,800         129,124  

Pruksa Real Estate PCL NVDR

     231,193         144,674  

Quality Houses PCL NVDR

     1,630,806         151,820  

Sansiri PCL NVDR

     2,034,051         118,507  

Supalai PCL NVDR

     338,321         185,638  
     

 

 

 
Total Thailand               1,800,366  
Turkey – 0.3%      

Emlak Konut Gayrimenkul Yatirim Ortakligi A.S.

     290,755         342,512  

Torunlar Gayrimenkul Yatirim Ortakligi A.S.

     45,354         59,152  
     

 

 

 
Total Turkey               401,664  
United Kingdom – 6.6%      

British Land Co. PLC

     179,212         1,953,978  

Derwent London PLC

     9,165         414,073  

Great Portland Estates PLC

     32,085         337,525  

Hammerson PLC

     120,838         1,116,061  

Intu Properties PLC

     201,288         946,328  

Land Securities Group PLC

     117,364         1,997,723  

Londonmetric Property PLC

     178,711         422,178  

Segro PLC

     186,440         1,031,934  

Shaftesbury PLC

     17,600         193,069  
     

 

 

 
Total United Kingdom               8,412,869  
TOTAL COMMON STOCKS
(Cost: $117,572,957)
              126,810,798  
EXCHANGE-TRADED FUNDS – 0.3%      
United States – 0.3%      
WisdomTree Global Natural Resources Fund(a) (Cost: $310,228)      14,668         312,524  
RIGHTS – 0.1%      
Hong Kong – 0.0%      

New World Development Co., Ltd., expiring 5/17/14*

     328,560         67,770  
United Kingdom – 0.1%      

Intu Properties PLC, expiring 5/17/14*

     57,510         91,084  
TOTAL RIGHTS
(Cost: $0)
              158,854  
TOTAL INVESTMENTS IN SECURITIES – 99.7%
(Cost: $117,883,185)
        127,282,176  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.3%

        441,747  
     

 

 

 
NET ASSETS – 100.0%             $ 127,723,923  

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

REIT – Real Estate Investment Trust

 

* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 7).

 

See Notes to Financial Statements.

 

122   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree China Dividend ex-Financials Fund (CHXF)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%      
China – 100.0%      
Aerospace & Defense – 0.2%      

AviChina Industry & Technology Co., Ltd. Class H

     76,000       $ 42,325  
Airlines – 0.3%      

Air China Ltd. Class H

     92,000         54,320  
Auto Components – 0.8%      

Minth Group Ltd.

     70,000         142,580  
Automobiles – 5.7%      

Dongfeng Motor Group Co., Ltd. Class H

     190,000         268,942  

Great Wall Motor Co., Ltd. Class H

     72,000         361,065  

Guangzhou Automobile Group Co., Ltd. Class H

     348,000         365,629  
     

 

 

 
Total Automobiles               995,636  
Beverages – 0.5%      

Tsingtao Brewery Co., Ltd. Class H

     12,000         87,791  
Chemicals – 0.7%      

China BlueChemical Ltd. Class H

     252,000         129,946  
Construction & Engineering – 3.5%      

China Communications Construction Co., Ltd. Class H

     534,000         372,428  

China Railway Group Ltd. Class H

     246,000         114,484  

China State Construction International Holdings Ltd.

     70,000         118,576  
     

 

 

 
Total Construction & Engineering               605,488  
Construction Materials – 4.1%      

Anhui Conch Cement Co., Ltd. Class H

     63,000         270,045  

China National Building Material Co., Ltd. Class H

     272,000         272,805  

China Shanshui Cement Group Ltd.

     382,000         161,033  
     

 

 

 
Total Construction Materials               703,883  
Diversified Telecommunication Services – 4.8%      

China Communications Services Corp., Ltd. Class H

     260,000         120,329  

China Telecom Corp., Ltd. Class H

     940,000         435,036  

China Unicom Hong Kong Ltd.

     206,000         270,876  
     

 

 

 
Total Diversified Telecommunication Services               826,241  
Electrical Equipment – 1.4%      

Shanghai Electric Group Co., Ltd. Class H

     314,000         111,318  

Zhuzhou CSR Times Electric Co., Ltd. Class H

     40,000         134,845  
     

 

 

 
Total Electrical Equipment               246,163  
Electronic Equipment, Instruments & Components – 1.1%      

AAC Technologies Holdings, Inc.

     37,500         194,098  
Energy Equipment & Services – 1.1%      

China Oilfield Services Ltd. Class H

     82,000         192,393  
Food & Staples Retailing – 1.5%      

China Resources Enterprise Ltd.

     46,000         129,869  

Sun Art Retail Group Ltd.

     79,000         99,297  

Wumart Stores, Inc. Class H

     31,000         30,212  
     

 

 

 
Total Food & Staples Retailing               259,378  
Food Products – 5.8%      

China Agri-Industries Holdings Ltd.

     149,000         58,201  

Tingyi Cayman Islands Holding Corp.

     74,000         212,258  
Investments    Shares      Value  

Uni-President China Holdings Ltd.

     25,000       $ 21,013  

Want Want China Holdings Ltd.

     485,000         724,025  
     

 

 

 
Total Food Products               1,015,497  
Gas Utilities – 1.4%      

China Gas Holdings Ltd.

     22,000         34,374  

China Resources Gas Group Ltd.

     20,000         63,684  

ENN Energy Holdings Ltd.

     22,000         153,293  
     

 

 

 
Total Gas Utilities               251,351  
Health Care Equipment & Supplies – 0.4%      

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     56,000         63,818  
Health Care Providers & Services – 1.2%      

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     42,900         97,557  

Sinopharm Group Co., Ltd. Class H

     41,200         112,865  
     

 

 

 
Total Health Care Providers & Services               210,422  
Household Durables – 0.3%      

Haier Electronics Group Co., Ltd.

     16,000         43,315  
Independent Power and Renewable Electricity Producers – 4.6%      

China Longyuan Power Group Corp. Class H

     103,000         103,703  

China Resources Power Holdings Co., Ltd.

     160,000         416,653  

Datang International Power Generation Co., Ltd. Class H

     496,000         180,955  

Huaneng Power International, Inc. Class H

     94,000         89,916  
     

 

 

 
Total Independent Power and Renewable Electricity Producers               791,227  
Industrial Conglomerates – 4.4%      

Beijing Enterprises Holdings Ltd.

     18,500         165,752  

Citic Pacific Ltd.

     250,000         443,468  

Shanghai Industrial Holdings Ltd.

     49,000         163,290  
     

 

 

 
Total Industrial Conglomerates               772,510  
Internet Software & Services – 4.6%      

Tencent Holdings Ltd.

     11,500         799,821  
Machinery – 1.2%      

CSR Corp., Ltd. Class H

     161,000         135,325  

Weichai Power Co., Ltd. Class H

     18,000         68,106  
     

 

 

 
Total Machinery               203,431  
Metals & Mining – 4.7%      

Fosun International Ltd.

     131,000         164,657  

Jiangxi Copper Co., Ltd. Class H

     205,000         344,616  

Zijin Mining Group Co., Ltd. Class H

     1,468,000         312,258  
     

 

 

 
Total Metals & Mining               821,531  
Multiline Retail – 0.8%      

Intime Retail Group Co., Ltd.

     123,000         132,402  
Oil, Gas & Consumable Fuels – 22.6%      

China Coal Energy Co., Ltd. Class H

     496,000         279,426  

China Petroleum & Chemical Corp. Class H

     1,096,000         980,558  

China Shenhua Energy Co., Ltd. Class H

     269,500         778,234  

CNOOC Ltd.

     451,000         677,920  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      123   


Table of Contents

Schedule of Investments (concluded)

WisdomTree China Dividend ex-Financials Fund (CHXF)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Kunlun Energy Co., Ltd.

     108,000       $ 180,718  

PetroChina Co., Ltd. Class H

     744,000         810,463  

Yanzhou Coal Mining Co., Ltd. Class H

     296,000         223,992  
     

 

 

 
Total Oil, Gas & Consumable Fuels               3,931,311  
Personal Products – 3.3%      

Hengan International Group Co., Ltd.

     55,000         569,708  
Pharmaceuticals – 1.4%      

China Medical System Holdings Ltd.

     52,000         58,857  

Sihuan Pharmaceutical Holdings Group Ltd.

     151,000         182,009  
     

 

 

 
Total Pharmaceuticals               240,866  
Software – 0.5%      

Kingsoft Corp., Ltd.

     22,000         86,644  
Technology Hardware, Storage & Peripherals – 2.6%      

Lenovo Group Ltd.

     404,000         446,340  
Textiles, Apparel & Luxury Goods – 0.5%      

Shenzhou International Group Holdings Ltd.

     27,000         85,799  
Transportation Infrastructure – 5.4%      

Beijing Capital International Airport Co., Ltd. Class H

     120,000         82,299  

China Merchants Holdings International Co., Ltd.

     116,000         398,528  

Jiangsu Expressway Co., Ltd. Class H

     212,000         241,597  

Zhejiang Expressway Co., Ltd. Class H

     240,000         218,743  
     

 

 

 
Total Transportation Infrastructure               941,167  
Water Utilities – 1.4%      

Guangdong Investment Ltd.

     260,000         248,368  
Wireless Telecommunication Services – 7.2%      

China Mobile Ltd.

     137,500         1,258,533  
TOTAL INVESTMENTS IN SECURITIES – 100.0%
(Cost: $18,580,687)
        17,394,303  

Cash and Other Assets in Excess of Liabilities – 0.0%

        1,352  
     

 

 

 
NET ASSETS – 100.0%             $ 17,395,655  

 

See Notes to Financial Statements.

 

124   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
United Kingdom – 99.4%      
Aerospace & Defense – 2.0%      

BAE Systems PLC

     34,107       $ 235,520  

Cobham PLC

     7,413         36,952  

Meggitt PLC

     3,897         31,179  

Qinetiq Group PLC

     2,511         9,457  

Ultra Electronics Holdings PLC

     377         11,250  
     

 

 

 
Total Aerospace & Defense               324,358  
Airlines – 0.3%      

easyJet PLC

     1,459         41,715  
Auto Components – 0.3%      

GKN PLC

     8,275         53,845  
Banks – 8.3%      

Barclays PLC

     62,264         242,277  

HSBC Holdings PLC

     71,152         720,623  

Standard Chartered PLC

     19,631         410,244  
     

 

 

 
Total Banks               1,373,144  
Beverages – 4.4%      

Britvic PLC

     1,870         23,132  

Diageo PLC

     12,680         393,406  

SABMiller PLC

     6,392         319,160  
     

 

 

 
Total Beverages               735,698  
Biotechnology – 0.0%      

Abcam PLC

     706         4,578  

Genus PLC

     156         2,575  
     

 

 

 
Total Biotechnology               7,153  
Capital Markets – 1.8%      

Aberdeen Asset Management PLC

     8,092         52,654  

ICAP PLC

     8,502         53,521  

Investec PLC

     5,087         41,115  

Man Group PLC

     63,407         106,977  

Schroders PLC

     934         40,454  

Schroders PLC NVDR

     325         10,918  
     

 

 

 
Total Capital Markets               305,639  
Chemicals – 0.8%      

Alent PLC

     1,031         5,449  

Croda International PLC

     745         31,622  

Elementis PLC

     2,173         10,379  

Essentra PLC

     790         11,491  

Johnson Matthey PLC

     961         52,406  

Synthomer PLC

     2,134         10,075  

Victrex PLC

     397         13,297  
     

 

 

 
Total Chemicals               134,719  
Commercial Services & Supplies – 0.8%      

Aggreko PLC

     857         21,445  

Berendsen PLC

     1,241         23,131  

G4S PLC

     11,113         44,743  

Homeserve PLC

     2,556         13,423  

Rentokil Initial PLC

     8,325         17,071  
Investments    Shares      Value  

Serco Group PLC

     1,764       $ 12,381  
     

 

 

 
Total Commercial Services & Supplies               132,194  
Communications Equipment – 0.1%      

Pace PLC

     862         6,476  

Spirent Communications PLC

     2,323         3,828  
     

 

 

 
Total Communications Equipment               10,304  
Construction & Engineering – 0.5%      

Balfour Beatty PLC

     9,363         46,766  

Carillion PLC

     6,182         37,268  
     

 

 

 
Total Construction & Engineering               84,034  
Containers & Packaging – 0.5%      

DS Smith PLC

     5,449         29,479  

Rexam PLC

     5,565         45,164  

RPC Group PLC

     1,300         13,686  
     

 

 

 
Total Containers & Packaging               88,329  
Distributors – 0.2%      

Inchcape PLC

     2,751         29,628  
Diversified Financial Services – 0.2%      

IG Group Holdings PLC

     3,105         32,483  
Diversified Telecommunication Services – 2.3%      

BT Group PLC

     46,989         297,292  

Cable & Wireless Communications PLC

     36,602         32,097  

Inmarsat PLC

     4,150         50,264  
     

 

 

 
Total Diversified Telecommunication Services               379,653  
Electronic Equipment, Instruments & Components – 0.6%      

Domino Printing Sciences PLC

     810         10,621  

Electrocomponents PLC

     4,622         21,807  

Halma PLC

     1,437         13,799  

Oxford Instruments PLC

     91         1,922  

Premier Farnell PLC

     4,001         15,602  

Renishaw PLC

     390         12,678  

Spectris PLC

     484         18,704  
     

 

 

 
Total Electronic Equipment, Instruments & Components               95,133  
Energy Equipment & Services – 0.4%      

AMEC PLC

     2,397         44,837  

Hunting PLC

     784         11,260  

John Wood Group PLC

     1,073         13,721  
     

 

 

 
Total Energy Equipment & Services               69,818  
Food & Staples Retailing – 2.2%      

Tesco PLC

     74,691         367,835  
Food Products – 3.2%      

Associated British Foods PLC

     2,815         130,513  

Tate & Lyle PLC

     3,025         33,663  

Unilever PLC

     8,535         364,408  
     

 

 

 
Total Food Products               528,584  
Health Care Equipment & Supplies – 0.4%      

Smith & Nephew PLC

     4,301         65,179  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      125   


Table of Contents

Schedule of Investments (continued)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Hotels Restaurants & Leisure – 0.3%      

Carnival PLC

     1,380       $ 52,547  
Hotels, Restaurants & Leisure – 1.8%      

Betfair Group PLC

     312         5,753  

Compass Group PLC

     10,057         153,414  

InterContinental Hotels Group PLC

     1,338         42,984  

Ladbrokes PLC

     8,623         19,407  

Millennium & Copthorne Hotels PLC

     1,716         16,164  

TUI Travel PLC

     8,140         59,439  
     

 

 

 
Total Hotels, Restaurants & Leisure               297,161  
Household Products – 2.2%      

PZ Cussons PLC

     1,794         10,534  

Reckitt Benckiser Group PLC

     4,446         362,232  
     

 

 

 
Total Household Products               372,766  
Industrial Conglomerates – 0.3%      

Smiths Group PLC

     2,534         53,736  
Insurance – 5.9%      

Amlin PLC

     6,678         53,918  

Aviva PLC

     35,406         281,559  

Direct Line Insurance Group PLC

     11,724         46,421  

Jardine Lloyd Thompson Group PLC

     1,368         24,266  

Old Mutual PLC

     39,200         131,424  

Prudential PLC

     15,142         320,220  

Standard Life PLC

     20,009         125,927  
     

 

 

 
Total Insurance               983,735  
Internet Software & Services – 0.0%      

Telecity Group PLC

     351         4,084  
IT Services – 0.1%      

Computacenter PLC

     1,230         13,503  
Machinery – 1.2%      

Bodycote PLC

     1,031         13,871  

Fenner PLC

     1,378         9,157  

IMI PLC

     1,521         36,971  

Melrose Industries PLC

     7,102         35,153  

Morgan Advanced Materials PLC

     2,368         14,137  

Rotork PLC

     294         12,974  

Senior PLC

     1,729         8,864  

Spirax-Sarco Engineering PLC

     332         15,996  

Vesuvius PLC

     2,846         20,663  

Weir Group PLC (The)

     801         33,866  
     

 

 

 
Total Machinery               201,652  
Media – 1.7%      

Daily Mail and General Trust PLC Class A N.V.

     1,861         26,961  

Euromoney Institutional Investor PLC

     602         12,023  

ITE Group PLC

     1,287         4,098  

Pearson PLC

     6,590         116,787  

Reed Elsevier PLC

     7,886         120,428  
     

 

 

 
Total Media               280,297  
Metals & Mining – 10.3%      

Anglo American PLC

     12,010         305,643  

Antofagasta PLC

     2,984         41,564  
Investments    Shares      Value  

BHP Billiton PLC

     18,996       $ 583,980  

Ferrexpo PLC

     3,471         8,946  

Fresnillo PLC

     5,707         80,254  

Rio Tinto PLC

     11,675         649,611  

Vedanta Resources PLC

     2,678         40,271  
     

 

 

 
Total Metals & Mining               1,710,269  
Multi-Utilities – 5.2%      

Centrica PLC

     49,681         273,076  

National Grid PLC

     42,716         585,379  
     

 

 

 
Total Multi-Utilities               858,455  
Oil, Gas & Consumable Fuels – 16.9%      

BG Group PLC

     10,235         190,682  

BP PLC

     107,683         861,714  

Royal Dutch Shell PLC Class A

     23,237         848,784  

Royal Dutch Shell PLC Class B

     22,521         878,761  

Tullow Oil PLC

     2,193         27,366  
     

 

 

 
Total Oil, Gas & Consumable Fuels               2,807,307  
Paper & Forest Products – 0.2%      

Mondi PLC

     2,359         41,255  
Pharmaceuticals – 10.6%      

AstraZeneca PLC

     15,012         970,182  

GlaxoSmithKline PLC

     29,428         780,804  

Hikma Pharmaceuticals PLC

     472         13,070  
     

 

 

 
Total Pharmaceuticals               1,764,056  
Professional Services – 0.5%      

Hays PLC

     8,699         21,029  

Intertek Group PLC

     464         23,764  

Michael Page International PLC

     1,833         14,998  

WS Atkins PLC

     644         14,934  
     

 

 

 
Total Professional Services               74,725  
Real Estate Investment Trusts (REITs) – 0.3%      

Hammerson PLC

     4,806         44,388  
Real Estate Management & Development – 0.0%      

Savills PLC

     498         5,542  
Road & Rail – 0.1%      

National Express Group PLC

     5,057         23,615  
Semiconductors & Semiconductor Equipment – 0.2%      

ARM Holdings PLC

     1,620         26,954  

CSR PLC

     589         7,124  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               34,078  
Software – 0.5%      

Aveva Group PLC

     143         4,992  

Fidessa Group PLC

     169         7,148  

Micro Focus International PLC

     908         12,572  

Sage Group PLC (The)

     8,050         56,111  
     

 

 

 
Total Software               80,823  
Specialty Retail – 0.6%      

Kingfisher PLC

     13,697         96,227  

 

See Notes to Financial Statements.

 

126   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Textiles, Apparel & Luxury Goods – 0.3%      

Burberry Group PLC

     1,806       $ 42,002  
Tobacco – 7.1%      

British American Tobacco PLC

     14,054         781,512  

Imperial Tobacco Group PLC

     9,633         389,125  
     

 

 

 
Total Tobacco               1,170,637  
Trading Companies & Distributors – 0.4%      

Ashtead Group PLC

     732         11,605  

Bunzl PLC

     1,542         41,029  

SIG PLC

     2,381         7,983  
     

 

 

 
Total Trading Companies & Distributors               60,617  
Transportation Infrastructure – 0.1%      

BBA Aviation PLC

     3,222         17,823  
Wireless Telecommunication Services – 3.3%      

Vodafone Group PLC

     147,353         541,188  
TOTAL INVESTMENTS IN SECURITIES – 99.4% (Cost: $15,768,742)         16,491,933  

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

        98,386  
     

 

 

 
NET ASSETS – 100.0%             $ 16,590,319  

NVDR – Non-Voting Depositary Receipt

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      127   


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.6%      
Japan – 98.6%      
Air Freight & Logistics – 0.3%      

Kintetsu World Express, Inc.

     2,600       $ 115,755  

Mitsui-Soko Co., Ltd.

     19,000         76,011  

Yusen Logistics Co., Ltd.

     5,000         63,213  
     

 

 

 
Total Air Freight & Logistics               254,979  
Auto Components – 5.2%      

Aisan Industry Co., Ltd.

     10,300         79,212  

Akebono Brake Industry Co., Ltd.

     23,400         104,975  

Calsonic Kansei Corp.

     39,000         181,395  

Daido Metal Co., Ltd.

     5,000         52,629  

Eagle Industry Co., Ltd.

     2,600         40,167  

EXEDY Corp.

     8,600         241,169  

FCC Co., Ltd.

     7,300         130,214  

G-TEKT Corp.

     5,498         68,441  

HI-LEX Corp.

     6,956         176,695  

H-One Co., Ltd.

     4,052         35,096  

Keihin Corp.

     13,000         189,853  

KYB Co., Ltd.

     27,000         114,308  

Musashi Seimitsu Industry Co., Ltd.

     5,200         107,297  

Nifco, Inc.

     10,400         294,474  

Nissan Shatai Co., Ltd.

     7,700         129,274  

Nissin Kogyo Co., Ltd.

     12,000         224,305  

Pacific Industrial Co., Ltd.

     10,300         69,210  

Press Kogyo Co., Ltd.

     21,000         76,264  

Riken Corp.

     26,000         105,277  

Sanden Corp.

     29,000         129,533  

Sanoh Industrial Co., Ltd.

     9,900         62,100  

Showa Corp.

     13,000         143,147  

Taiho Kogyo Co., Ltd.

     5,200         49,382  

Takata Corp.

     10,400         261,957  

Tokai Rika Co., Ltd.

     13,000         218,886  

Tokai Rubber Industries Ltd.

     15,600         160,113  

Topre Corp.

     8,400         90,048  

Toyo Tire & Rubber Co., Ltd.

     32,000         227,140  

TPR Co., Ltd.

     5,200         79,476  

Unipres Corp.

     5,200         93,664  
     

 

 

 
Total Auto Components               3,935,701  
Banks – 8.9%      

77 Bank Ltd. (The)

     52,000         234,287  

Akita Bank Ltd. (The)

     48,000         138,894  

Aomori Bank Ltd. (The)

     52,000         143,904  

Awa Bank Ltd. (The)

     26,000         138,603  

Bank of Iwate, Ltd. (The)

     2,700         130,694  

Bank of Nagoya Ltd. (The)

     26,000         101,743  

Bank of Okinawa, Ltd. (The)

     2,700         114,177  

Bank of Saga Ltd. (The)

     28,000         60,902  

Bank of the Ryukyus Ltd.

     7,800         103,990  

Chukyo Bank Ltd. (The)

     26,000         45,696  

Daisan Bank Ltd. (The)

     70,000         123,028  

Daishi Bank Ltd. (The)

     69,000         253,930  

Ehime Bank Ltd. (The)

     36,000         77,254  
Investments    Shares      Value  

Eighteenth Bank Ltd. (The)

     43,000       $ 94,363  

FIDEA Holdings Co., Ltd.

     33,300         63,053  

Fukui Bank Ltd. (The)

     52,000         128,252  

Higashi-Nippon Bank Ltd. (The)

     65,000         160,315  

Higo Bank Ltd. (The)

     26,000         138,855  

Hokkoku Bank Ltd. (The)

     52,000         182,279  

Hokuetsu Bank Ltd. (The)

     74,000         155,207  

Hyakugo Bank Ltd. (The)

     35,000         144,099  

Hyakujushi Bank Ltd. (The)

     52,000         178,744  

Juroku Bank Ltd. (The)

     70,000         244,696  

Kagoshima Bank Ltd. (The)

     26,000         165,364  

Kansai Urban Banking Corp.

     182,000         217,371  

Keiyo Bank Ltd. (The)

     52,000         222,168  

Kiyo Bank Ltd. (The)

     13,998         179,690  

Michinoku Bank Ltd. (The)

     42,000         86,867  

Mie Bank Ltd. (The)

     43,000         96,451  

Miyazaki Bank Ltd. (The)

     41,000         125,008  

Musashino Bank Ltd. (The)

     7,000         232,461  

Nagano Bank Ltd. (The)

     43,000         77,244  

Nishi-Nippon City Bank Ltd. (The)

     131,000         295,111  

North Pacific Bank Ltd.

     15,600         63,469  

Ogaki Kyoritsu Bank Ltd. (The)

     78,000         213,584  

Oita Bank Ltd. (The)

     32,000         124,601  

San-In Godo Bank Ltd. (The)

     21,000         142,331  

Senshu Ikeda Holdings, Inc.

     56,000         256,115  

Shiga Bank Ltd. (The)

     26,000         141,380  

Shikoku Bank Ltd. (The)

     28,000         57,639  

Tochigi Bank Ltd. (The)

     26,000         110,579  

Toho Bank Ltd. (The)

     52,000         169,656  

Tokyo Tomin Bank, Ltd. (The)

     5,200         53,977  

TOMATO BANK, Ltd.

     26,000         45,444  

TOMONY Holdings, Inc.

     28,600         119,138  

Towa Bank, Ltd. (The)

     52,000         50,998  

Yachiyo Bank, Ltd. (The)

     2,600         71,245  

Yamagata Bank Ltd. (The)

     26,000         110,832  

Yamanashi Chuo Bank, Ltd. (The)

     26,000         117,648  
     

 

 

 
Total Banks               6,703,336  
Beverages – 1.3%      

Coca-Cola West Co., Ltd.

     20,800         363,750  

Ito En Ltd.

     13,900         311,783  

Sapporo Holdings Ltd.

     73,000         287,790  
     

 

 

 
Total Beverages               963,323  
Building Products – 2.5%      

Aica Kogyo Co., Ltd.

     11,900         265,651  

Central Glass Co., Ltd.

     52,000         169,151  

NICHIAS Corp.

     26,000         167,131  

Nichiha Corp.

     5,200         59,935  

Nitto Boseki Co., Ltd.

     44,000         205,933  

Noritz Corp.

     7,800         145,722  

Okabe Co., Ltd.

     9,700         139,870  

Sanwa Holdings Corp.

     40,000         259,844  

Takara Standard Co., Ltd.

     26,000         199,699  

 

See Notes to Financial Statements.

 

128   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Takasago Thermal Engineering Co., Ltd.

     25,200       $ 258,643  
     

 

 

 
Total Building Products               1,871,579  
Capital Markets – 0.7%      

GCA Savvian Corp.

     7,800         67,332  

Ichiyoshi Securities Co., Ltd.

     10,400         139,259  

kabu.com Securities Co., Ltd.

     19,700         93,541  

Monex Group, Inc.

     31,565         122,907  

Toyo Securities Co., Ltd.

     26,000         89,120  
     

 

 

 
Total Capital Markets               512,159  
Chemicals – 7.4%      

Achilles Corp.

     50,000         69,428  

ADEKA Corp.

     20,800         240,346  

Asahi Organic Chemicals Industry Co., Ltd.

     28,000         63,349  

Chugoku Marine Paints Ltd.

     11,000         78,293  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     26,000         120,930  

DAISO Co., Ltd.

     27,885         98,830  

Denki Kagaku Kogyo K.K.

     119,000         409,050  

Earth Chemical Co., Ltd.

     5,200         189,600  

Fujimi, Inc.

     10,000         124,970  

FUJIMORI KOGYO Co., Ltd.

     2,600         67,711  

JSP Corp.

     6,017         93,073  

Konishi Co., Ltd.

     3,000         53,221  

Kureha Corp.

     48,000         227,451  

Lintec Corp.

     13,000         248,425  

Nihon Nohyaku Co., Ltd.

     3,000         45,298  

Nihon Parkerizing Co., Ltd.

     1,400         32,463  

Nippon Shokubai Co., Ltd.

     27,000         319,590  

Nippon Soda Co., Ltd.

     26,000         141,632  

Nippon Valqua Industries Ltd.

     49,000         136,078  

NOF Corp.

     30,000         217,604  

Riken Technos Corp.

     5,000         28,451  

Sakai Chemical Industry Co., Ltd.

     33,000         102,539  

Sanyo Chemical Industries Ltd.

     26,000         166,879  

Sumitomo Bakelite Co., Ltd.

     52,000         200,456  

Sumitomo Seika Chemicals Co., Ltd.

     8,000         53,833  

Taiyo Holdings Co., Ltd.

     5,500         163,155  

Takiron Co., Ltd.

     26,000         107,297  

Toagosei Co., Ltd.

     57,000         244,638  

Tokai Carbon Co., Ltd.

     52,000         176,725  

Tokuyama Corp.

     26,000         85,333  

Tosoh Corp.

     81,000         313,036  

Toyo Ink SC Holdings Co., Ltd.

     71,000         287,488  

Toyobo Co., Ltd.

     170,000         267,418  

Ube Industries, Ltd.

     237,800         438,724  
     

 

 

 
Total Chemicals               5,613,314  
Commercial Services & Supplies – 2.0%      

Aeon Delight Co., Ltd.

     11,900         224,515  

Daiseki Co., Ltd.

     5,200         89,877  

ITOKI Corp.

     7,800         49,155  

KOKUYO Co., Ltd.

     23,400         171,549  

Kyodo Printing Co., Ltd.

     26,000         73,720  

Matsuda Sangyo Co., Ltd.

     5,200         62,863  
Investments    Shares      Value  

Moshi Moshi Hotline, Inc.

     26,000       $ 239,336  

NAC Co., Ltd.

     3,000         47,046  

Okamura Corp.

     19,000         166,781  

Sato Holdings Corp.

     5,400         125,372  

Toppan Forms Co., Ltd.

     26,000         242,618  
     

 

 

 
Total Commercial Services & Supplies               1,492,832  
Communications Equipment – 0.2%      

Hitachi Kokusai Electric, Inc.

     14,000         168,432  
Construction & Engineering – 3.8%      

Asunaro Aoki Construction Co., Ltd.

     13,000         74,224  

COMSYS Holdings Corp.

     18,200         285,941  

Kandenko Co., Ltd.

     48,000         243,764  

Kitano Construction Corp.

     26,000         65,136  

Kyowa Exeo Corp.

     18,200         234,337  

Kyudenko Corp.

     11,000         88,226  

Maeda Corp.

     26,000         164,101  

Maeda Road Construction Co., Ltd.

     13,000         181,648  

MIRAIT Holdings Corp.

     12,344         108,355  

NDS Co., Ltd.

     26,000         71,952  

Nippo Corp.

     6,000         83,022  

Nippon Densetsu Kogyo Co., Ltd.

     5,000         67,437  

Nippon Koei Co., Ltd.

     21,000         105,015  

Nishimatsu Construction Co., Ltd.

     46,000         149,187  

Okumura Corp.

     52,000         232,267  

Penta-Ocean Construction Co., Ltd.

     22,500         76,686  

Sumitomo Densetsu Co., Ltd.

     5,000         62,291  

Taikisha Ltd.

     7,300         158,639  

Toda Corp.

     52,000         171,170  

Toshiba Plant Systems & Services Corp.

     6,000         89,605  

Totetsu Kogyo Co., Ltd.

     5,000         92,878  

Toyo Engineering Corp.

     21,000         96,655  
     

 

 

 
Total Construction & Engineering               2,902,536  
Construction Materials – 0.3%      

Sumitomo Osaka Cement Co., Ltd.

     58,000         240,482  
Consumer Finance – 0.1%      

Pocket Card Co., Ltd.

     7,800         42,944  
Containers & Packaging – 1.1%      

FP Corp.

     6,000         191,387  

Fuji Seal International, Inc.

     4,500         153,590  

Nihon Yamamura Glass Co., Ltd.

     26,000         45,948  

Pack Corp. (The)

     4,900         93,732  

Rengo Co., Ltd.

     52,000         279,730  

Tomoku Co., Ltd.

     20,000         56,902  
     

 

 

 
Total Containers & Packaging               821,289  
Distributors – 0.6%      

Chori Co., Ltd.

     5,200         56,754  

Doshisha Co., Ltd.

     5,500         84,915  

Happinet Corp.

     5,200         43,525  

Paltac Corp.

     16,703         190,896  

Sankyo Seiko Co., Ltd.

     18,200         66,272  
     

 

 

 
Total Distributors               442,362  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      129   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Diversified Consumer Services – 0.1%      

Meiko Network Japan Co., Ltd.

     5,200       $ 55,845  

Riso Kyoiku Co., Ltd.

     13,386         33,145  
     

 

 

 
Total Diversified Consumer Services               88,990  
Electric Utilities – 0.1%      

Okinawa Electric Power Co., Inc. (The)

     2,600         88,236  
Electrical Equipment – 1.9%      

Daihen Corp.

     26,000         103,763  

Denyo Co., Ltd.

     4,400         74,127  

ENDO Lighting Corp.

     1,448         27,094  

Fujikura Ltd.

     45,000         206,244  

Furukawa Electric Co., Ltd.

     78,000         194,650  

GS Yuasa Corp.

     49,000         260,261  

IDEC Corp.

     8,700         81,691  

Nippon Carbon Co., Ltd.

     26,000         49,483  

Nissin Electric Co., Ltd.

     8,000         41,326  

Nitto Kogyo Corp.

     7,800         164,051  

Tatsuta Electric Wire and Cable Co., Ltd.

     7,000         36,296  

Ushio, Inc.

     18,200         235,397  
     

 

 

 
Total Electrical Equipment               1,474,383  
Electronic Equipment, Instruments & Components – 5.0%      

Ai Holdings Corp.

     12,200         215,604  

Amano Corp.

     18,200         188,389  

ANRITSU Corp.

     18,200         209,419  

Azbil Corp.

     19,300         477,510  

Canon Electronics, Inc.

     12,400         216,730  

Citizen Holdings Co., Ltd.

     39,400         297,265  

CONEXIO Corp.

     13,000         103,005  

Daiwabo Holdings Co., Ltd.

     49,000         85,643  

Elematec Corp.

     5,000         86,712  

Enplas Corp.

     1,329         74,848  

Hakuto Co., Ltd.

     4,700         44,132  

HORIBA Ltd.

     5,200         196,417  

Japan Aviation Electronics Industry Ltd.

     7,000         104,811  

Kaga Electronics Co., Ltd.

     7,800         107,928  

KOA Corp.

     7,800         87,100  

MACNICA, Inc.

     3,000         88,994  

Nichicon Corp.

     10,400         82,505  

Nippon Signal Co., Ltd. (The)

     9,700         84,864  

Nohmi Bosai Ltd.

     8,666         109,729  

OHARA, Inc.

     6,900         42,545  

OPTEX Co., Ltd.

     4,700         81,326  

Panasonic Industrial Devices SUNX Co., Ltd.

     12,205         52,738  

Ryoden Trading Co., Ltd.

     10,000         68,262  

Ryosan Co., Ltd.

     8,300         175,615  

Sanshin Electronics Co., Ltd.

     7,800         52,336  

SIIX Corp.

     7,100         116,512  

Taiyo Yuden Co., Ltd.

     7,300         90,235  

Tomen Electronics Corp.

     5,200         83,061  

Topcon Corp.

     7,700         126,508  

UKC Holdings Corp.

     2,900         50,152  
     

 

 

 
Total Electronic Equipment, Instruments & Components               3,800,895  
Investments    Shares      Value  
Energy Equipment & Services – 0.4%      

Modec, Inc.

     3,600       $ 91,307  

Shinko Plantech Co., Ltd.

     18,500         143,531  

Toyo Kanetsu K.K.

     24,000         61,291  
     

 

 

 
Total Energy Equipment & Services               296,129  
Food & Staples Retailing – 3.5%      

Ain Pharmaciez, Inc.

     1,431         66,350  

Arcs Co., Ltd.

     10,400         203,385  

Belc Co., Ltd.

     5,200         98,865  

Cawachi Ltd.

     4,700         89,541  

COSMOS Pharmaceutical Corp.

     300         35,131  

Create SD Holdings Co., Ltd.

     2,800         94,888  

Heiwado Co., Ltd.

     7,800         109,898  

Izumiya Co., Ltd.

     11,000         55,328  

Kasumi Co., Ltd.

     13,000         88,110  

Kato Sangyo Co., Ltd.

     7,800         166,248  

Matsumotokiyoshi Holdings Co., Ltd.

     8,800         280,701  

MINISTOP Co., Ltd.

     4,600         74,549  

Mitsubishi Shokuhin Co., Ltd.

     7,700         174,883  

SAN-A Co., Ltd.

     4,300         127,140  

Tsuruha Holdings, Inc.

     2,600         256,251  

UNY Group Holdings Co., Ltd.

     64,300         383,359  

Valor Co., Ltd.

     7,800         98,234  

Welcia Holdings Co., Ltd.

     2,100         118,474  

Yokohama Reito Co., Ltd.

     13,000         108,433  
     

 

 

 
Total Food & Staples Retailing               2,629,768  
Food Products – 3.8%      

Ariake Japan Co., Ltd.

     5,200         120,880  

Ezaki Glico Co., Ltd.

     21,000         278,749  

Fuji Oil Co., Ltd.

     12,900         165,595  

Hokuto Corp.

     8,300         173,036  

Itoham Foods, Inc.

     32,000         146,041  

J-Oil Mills, Inc.

     39,000         104,141  

Kagome Co., Ltd.

     11,800         200,400  

Kyokuyo Co., Ltd.

     26,000         66,146  

Marudai Food Co., Ltd.

     28,000         83,197  

Maruha Nichiro Corp.*

     6,800         110,268  

Mitsui Sugar Co., Ltd.

     34,000         130,077  

Morinaga & Co., Ltd.

     65,000         142,642  

Morinaga Milk Industry Co., Ltd.

     52,000         167,636  

Nichirei Corp.

     52,000         220,149  

Nippon Beet Sugar Manufacturing Co., Ltd.

     49,000         95,160  

Nippon Flour Mills Co., Ltd.

     36,000         197,504  

Nisshin Oillio Group Ltd. (The)

     46,000         150,080  

Rock Field Co., Ltd.

     3,000         57,008  

Sakata Seed Corp.

     7,300         100,655  

Showa Sangyo Co., Ltd.

     26,000         85,080  

Starzen Co., Ltd.

     26,000         69,680  

Yonekyu Corp.

     5,200         40,596  
     

 

 

 
Total Food Products               2,904,720  
Gas Utilities – 0.3%      

Hokkaido Gas Co., Ltd.

     26,000         71,447  

Saibu Gas Co., Ltd.

     52,000         131,786  

 

See Notes to Financial Statements.

 

130   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Shizuoka Gas Co., Ltd.

     9,400       $ 57,504  
     

 

 

 
Total Gas Utilities               260,737  
Health Care Equipment & Supplies – 1.2%      

EIKEN CHEMICAL Co., Ltd.

     4,700         81,828  

Hogy Medical Co., Ltd.

     2,600         133,301  

MANI, Inc.

     2,600         108,054  

Nagaileben Co., Ltd.

     7,700         164,565  

Nihon Kohden Corp.

     6,000         239,744  

Nikkiso Co., Ltd.

     5,000         55,639  

Paramount Bed Holdings Co., Ltd.

     3,703         115,960  
     

 

 

 
Total Health Care Equipment & Supplies               899,091  
Health Care Providers & Services – 0.7%      

BML, Inc.

     3,000         112,880  

Nichii Gakkan Co.

     9,100         84,740  

Ship Healthcare Holdings, Inc.

     3,459         133,006  

Toho Holdings Co., Ltd.

     5,500         116,638  

Vital KSK Holdings, Inc.

     7,800         59,001  
     

 

 

 
Total Health Care Providers & Services               506,265  
Hotels, Restaurants & Leisure – 2.7%      

Aeon Fantasy Co., Ltd.

     2,600         33,199  

Doutor Nichires Holdings Co., Ltd.

     10,300         181,726  

Ichibanya Co., Ltd.

     2,748         113,538  

Kyoritsu Maintenance Co., Ltd.

     2,600         87,857  

MOS Food Services, Inc.

     2,600         52,462  

Ohsho Food Service Corp.

     5,400         181,949  

Plenus Co., Ltd.

     13,000         302,830  

Resorttrust, Inc.

     17,900         277,577  

Round One Corp.

     26,000         223,178  

Saizeriya Co., Ltd.

     5,200         64,681  

St. Marc Holdings Co., Ltd.

     2,600         128,252  

TOKYO DOME Corp.

     9,000         46,317  

Tokyotokeiba Co., Ltd.

     26,000         77,759  

Toridoll.Corp.

     5,532         52,696  

WATAMI Co., Ltd.

     5,200         76,093  

Zensho Holdings Co., Ltd.

     15,600         153,145  
     

 

 

 
Total Hotels, Restaurants & Leisure               2,053,259  
Household Durables – 1.9%      

Cleanup Corp.

     9,600         96,573  

Foster Electric Co., Ltd.

     3,000         36,588  

France Bed Holdings Co., Ltd.

     52,000         97,451  

Fujitsu General Ltd.

     8,000         77,371  

Iida Group Holdings Co., Ltd.

     33,771         468,600  

JVCKENWOOD Corp.*

     24,900         60,204  

Misawa Homes Co., Ltd.

     4,800         61,850  

PanaHome Corp.

     32,000         220,304  

Pressance Corp.

     2,600         67,559  

Tamron Co., Ltd.

     5,300         125,829  

TOA Corp.

     5,300         53,883  

Token Corp.

     2,080         94,724  
     

 

 

 
Total Household Durables               1,460,936  
Investments    Shares      Value  
Household Products – 0.7%      

Lion Corp.

     45,000       $ 266,981  

Pigeon Corp.

     5,600         253,396  
     

 

 

 
Total Household Products               520,377  
Industrial Conglomerates – 0.3%      

Nisshinbo Holdings, Inc.

     30,000         256,931  
Internet & Catalog Retail – 1.0%      

ASKUL Corp.

     7,800         246,152  

Belluna Co., Ltd.

     16,300         81,037  

Nissen Holdings Co., Ltd.

     18,200         74,224  

Senshukai Co., Ltd.

     13,000         106,287  

Start Today Co., Ltd.

     10,200         261,772  
     

 

 

 
Total Internet & Catalog Retail               769,472  
Internet Software & Services – 0.5%      

GMO Internet, Inc.

     15,800         157,870  

Gurunavi, Inc.

     10,400         146,429  

Internet Initiative Japan, Inc.

     2,000         48,376  
     

 

 

 
Total Internet Software & Services               352,675  
IT Services – 1.6%      

Ines Corp.

     17,300         119,438  

Information Services International-Dentsu Ltd.

     5,200         63,520  

IT Holdings Corp.

     12,300         202,323  

NEC Networks & System Integration Corp.

     9,800         199,645  

NET One Systems Co., Ltd.

     31,200         212,373  

Nihon Unisys, Ltd.

     13,000         127,368  

NS Solutions Corp.

     11,000         249,939  
     

 

 

 
Total IT Services               1,174,606  
Leisure Products – 1.4%      

Daikoku Denki Co., Ltd.

     5,500         118,988  

Dunlop Sports Co., Ltd.

     11,750         142,846  

Fields Corp.

     8,100         117,900  

Mars Engineering Corp.

     5,500         103,768  

Mizuno Corp.

     26,000         146,682  

TOMY Co., Ltd.

     18,200         84,474  

Universal Entertainment Corp.

     17,400         318,314  
     

 

 

 
Total Leisure Products               1,032,972  
Machinery – 7.1%      

Aida Engineering Ltd.

     18,200         173,544  

Asahi Diamond Industrial Co., Ltd.

     13,000         165,743  

Bando Chemical Industries Ltd.

     21,000         86,459  

Chugai Ro Co., Ltd.

     26,000         58,824  

CKD Corp.

     8,000         76,438  

Daifuku Co., Ltd.

     15,500         192,047  

DMG MORI SEIKI Co., Ltd.

     17,700         224,290  

Fujitec Co., Ltd.

     15,000         203,476  

Furukawa Co., Ltd.

     50,000         90,304  

GLORY Ltd.

     10,400         285,688  

Hitachi Koki Co., Ltd.

     31,200         245,092  

Hitachi Zosen Corp.

     20,800         99,370  

ISEKI & Co., Ltd.

     26,000         68,923  

Kitz Corp.

     18,200         89,246  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      131   


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Kyokuto Kaihatsu Kogyo Co., Ltd.

     6,671       $ 96,452  

Makino Milling Machine Co., Ltd.

     8,000         56,474  

Meidensha Corp.

     32,000         142,001  

Minebea Co., Ltd.

     57,000         508,093  

Mitsui Engineering & Shipbuilding Co., Ltd.

     130,000         275,186  

Miura Co., Ltd.

     7,200         198,623  

Nachi-Fujikoshi Corp.

     26,000         171,676  

Nitta Corp.

     4,800         89,675  

Noritake Co., Ltd.

     35,000         88,702  

Obara Group, Inc.

     2,600         97,577  

Oiles Corp.

     6,000         128,582  

OKUMA Corp.

     19,000         153,867  

OSG Corp.

     13,000         225,955  

Ryobi Ltd.

     33,000         100,937  

SHIMA SEIKI MFG., Ltd.

     3,900         60,137  

Shinmaywa Industries Ltd.

     8,000         73,176  

Sintokogio, Ltd.

     7,200         55,162  

Sodick Co., Ltd.

     13,000         48,978  

Star Micronics Co., Ltd.

     13,000         157,033  

Tadano Ltd.

     7,000         91,217  

Tocalo Co., Ltd.

     4,900         77,745  

Torishima Pump Manufacturing Co., Ltd.

     5,200         64,277  

Toshiba Machine Co., Ltd.

     26,000         123,202  

Tsubakimoto Chain Co.

     19,000         136,156  

Tsugami Corp.

     9,000         53,921  

Union Tool Co.

     3,000         68,748  
     

 

 

 
Total Machinery               5,402,996  
Marine – 0.3%      

Japan Transcity Corp.

     19,000         58,669  

Kawasaki Kisen Kaisha, Ltd.

     80,000         173,229  
     

 

 

 
Total Marine               231,898  
Media – 1.9%      

Asatsu-DK, Inc.

     4,900         101,487  

Avex Group Holdings, Inc.

     6,900         121,471  

CyberAgent, Inc.

     9,237         354,286  

Daiichikosho Co., Ltd.

     11,300         342,890  

Gakken Holdings Co., Ltd.

     19,000         52,950  

Kadokawa Corp.

     2,600         83,439  

OPT, Inc.

     5,532         42,275  

Proto Corp.

     5,532         77,083  

Toei Co., Ltd.

     20,000         120,406  

Zenrin Co., Ltd.

     10,400         105,227  
     

 

 

 
Total Media               1,401,514  
Metals & Mining – 2.1%      

Aichi Steel Corp.

     32,000         126,154  

Asahi Holdings, Inc.

     11,000         178,910  

Kurimoto, Ltd.

     17,000         37,636  

Kyoei Steel Ltd.

     5,200         92,402  

Mitsui Mining & Smelting Co., Ltd.

     74,000         171,015  

Neturen Co., Ltd.

     8,400         53,670  

Nippon Denko Co., Ltd.

     22,000         58,747  

Nisshin Steel Holdings Co., Ltd.

     5,532         47,432  

Nittetsu Mining Co., Ltd.

     19,000         74,535  
Investments    Shares      Value  

OSAKA Titanium Technologies Co., Ltd.

     3,000       $ 52,085  

Toho Zinc Co., Ltd.

     26,000         79,021  

Topy Industries Ltd.

     47,000         83,061  

Toyo Kohan Co., Ltd.

     26,000         127,747  

UACJ Corp.

     100,532         415,853  
     

 

 

 
Total Metals & Mining               1,598,268  
Multiline Retail – 1.0%      

Fuji Co., Ltd.

     2,600         47,918  

H2O Retailing Corp.

     23,000         183,803  

Izumi Co., Ltd.

     10,400         308,006  

Parco Co., Ltd.

     15,600         133,149  

Seria Co., Ltd.

     2,046         75,991  
     

 

 

 
Total Multiline Retail               748,867  
Oil, Gas & Consumable Fuels – 0.8%      

Itochu Enex Co., Ltd.

     31,300         180,229  

Nippon Coke & Engineering Co., Ltd.

     78,000         93,917  

Nippon Gas Co., Ltd.

     5,200         79,476  

San-Ai Oil Co., Ltd.

     26,000         159,557  

Sinanen Co., Ltd.

     26,000         99,723  
     

 

 

 
Total Oil, Gas & Consumable Fuels               612,902  
Paper & Forest Products – 0.9%      

Daiken Corp.

     29,000         79,128  

Daio Paper Corp.

     22,000         264,679  

Hokuetsu Kishu Paper Co., Ltd.

     50,000         251,493  

Tokushu Tokai Paper Co., Ltd.

     28,000         62,533  
     

 

 

 
Total Paper & Forest Products               657,833  
Personal Products – 1.4%      

Kobayashi Pharmaceutical Co., Ltd.

     5,300         306,210  

Kose Corp.

     8,400         276,506  

Mandom Corp.

     4,700         170,229  

Pola Orbis Holdings, Inc.

     7,266         289,624  
     

 

 

 
Total Personal Products               1,042,569  
Pharmaceuticals – 2.8%      

Fuji Pharma Co., Ltd.

     2,600         51,073  

Fuso Pharmaceutical Industries, Ltd.

     26,000         91,897  

Kaken Pharmaceutical Co., Ltd.

     26,000         412,021  

KYORIN Holdings, Inc.

     13,000         248,803  

Mochida Pharmaceutical Co., Ltd.

     2,600         186,571  

Nichi-Iko Pharmaceutical Co., Ltd.

     8,100         125,057  

Nippon Shinyaku Co., Ltd.

     2,000         38,005  

ROHTO Pharmaceutical Co., Ltd.

     10,900         192,842  

Sawai Pharmaceutical Co., Ltd.

     4,300         264,301  

Towa Pharmaceutical Co., Ltd.

     2,600         112,473  

Tsumura & Co.

     11,800         284,158  

ZERIA Pharmaceutical Co., Ltd.

     3,800         77,339  
     

 

 

 
Total Pharmaceuticals               2,084,540  
Professional Services – 0.8%      

Meitec Corp.

     13,000         369,860  

Nomura Co., Ltd.

     8,900         69,568  

Temp Holdings Co., Ltd.

     5,200         138,249  
     

 

 

 
Total Professional Services               577,677  

 

See Notes to Financial Statements.

 

132   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Real Estate Management & Development – 1.0%      

Airport Facilities Co., Ltd.

     13,000       $ 96,189  

DAIBIRU Corp.

     13,000         138,855  

Daikyo, Inc.

     46,000         92,460  

Heiwa Real Estate Co., Ltd.

     5,200         83,212  

Jowa Holdings Co., Ltd.

     4,600         152,090  

Relo Holdings, Inc.

     2,748         150,228  

Tokyu Fudosan Holdings Corp.

     7,700         57,572  
     

 

 

 
Total Real Estate Management & Development               770,606  
Road & Rail – 2.8%      

Fukuyama Transporting Co., Ltd.

     48,000         288,974  

Hitachi Transport System, Ltd.

     13,900         226,212  

Ichinen Holdings Co., Ltd.

     7,300         55,432  

Maruzen Showa Unyu Co., Ltd.

     26,000         87,857  

Nankai Electric Railway Co., Ltd.

     55,838         216,878  

Nippon Konpo Unyu Soko Co., Ltd.

     15,600         275,539  

Nishi-Nippon Railroad Co., Ltd.

     52,000         196,922  

Sankyu, Inc.

     53,000         199,165  

Seino Holdings Co., Ltd.

     25,000         238,627  

Senko Co., Ltd.

     30,000         130,504  

Sotetsu Holdings, Inc.

     61,000         223,897  
     

 

 

 
Total Road & Rail               2,140,007  
Semiconductors & Semiconductor Equipment – 0.8%      

Axell Corp.

     6,000         98,461  

Lasertec Corp.

     5,200         58,673  

MegaChips Corp.

     7,600         89,295  

Mimasu Semiconductor Industry Co., Ltd.

     7,800         69,604  

Sanken Electric Co., Ltd.

     15,000         106,326  

Shinko Electric Industries Co., Ltd.

     18,200         131,660  

Tokyo Seimitsu Co., Ltd.

     4,400         77,631  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               631,650  
Software – 1.5%      

Capcom Co., Ltd.

     15,200         288,990  

DTS Corp.

     5,200         91,190  

Fuji Soft, Inc.

     4,700         100,266  

MTI Ltd.

     11,400         62,101  

SQUARE ENIX HOLDINGS Co., Ltd.

     22,600         466,330  

Systena Corp.

     12,600         90,904  
     

 

 

 
Total Software               1,099,781  
Specialty Retail – 5.0%      

Adastria Holdings Co., Ltd

     5,140         128,469  

Alpen Co., Ltd.

     7,800         141,178  

AOKI Holdings, Inc.

     13,200         187,903  

Aoyama Trading Co., Ltd.

     12,500         328,931  

Arcland Sakamoto Co., Ltd.

     2,748         52,433  

AUTOBACS SEVEN Co., Ltd.

     26,000         401,418  

Chiyoda Co., Ltd.

     7,800         169,429  

DCM Holdings Co., Ltd.

     27,900         186,930  

EDION Corp.

     34,100         190,392  

Gulliver International Co., Ltd.

     12,600         98,001  

Honeys Co., Ltd.

     6,340         61,501  
Investments    Shares      Value  

Keiyo Co., Ltd.

     13,000       $ 59,077  

Kohnan Shoji Co., Ltd.

     8,200         83,206  

Komeri Co., Ltd.

     5,400         147,185  

Konaka Co., Ltd.

     7,800         54,305  

K’s Holdings Corp.

     9,600         267,441  

Kyoto Kimono Yuzen Co., Ltd.

     8,200         80,658  

NAFCO Co., Ltd.

     2,600         38,374  

Nishimatsuya Chain Co., Ltd.

     4,900         35,637  

Pal Co., Ltd.

     2,800         53,915  

RIGHT ON Co., Ltd.

     7,800         52,336  

Shimachu Co., Ltd.

     10,700         233,772  

T-Gaia Corp.

     26,400         238,660  

United Arrows Ltd.

     5,200         192,882  

VT HOLDINGS Co., Ltd.

     17,354         95,882  

Xebio Co., Ltd.

     7,800         135,952  

Yellow Hat Ltd.

     4,700         94,105  
     

 

 

 
Total Specialty Retail               3,809,972  
Technology Hardware, Storage & Peripherals – 0.7%      

Melco Holdings, Inc.

     5,200         76,547  

Riso Kagaku Corp.

     4,882         121,025  

Roland DG Corp.

     2,600         103,131  

Toshiba TEC Corp.

     39,000         222,294  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               522,997  
Textiles, Apparel & Luxury Goods – 2.1%      

Fujibo Holdings, Inc.

     26,000         68,418  

Gunze Ltd.

     72,000         191,562  

Japan Vilene Co., Ltd.

     18,000         102,073  

Japan Wool Textile Co., Ltd. (The)

     23,000         178,667  

Kurabo Industries Ltd.

     73,000         131,844  

Onward Holdings Co., Ltd.

     44,000         305,481  

Sanyo Shokai Ltd.

     39,000         113,988  

Seiko Holdings Corp.

     7,000         27,936  

Seiren Co., Ltd.

     13,000         107,171  

Wacoal Holdings Corp.

     32,000         327,193  

Yondoshi Holdings, Inc.

     2,900         49,927  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               1,604,260  
Trading Companies & Distributors – 3.6%      

ADVAN Co., Ltd.

     5,800         67,752  

Daiichi Jitsugyo Co., Ltd.

     21,000         93,596  

Hanwa Co., Ltd.

     56,000         217,507  

Inaba Denki Sangyo Co., Ltd.

     8,800         283,692  

Inabata & Co., Ltd.

     15,400         157,312  

Iwatani Corp.

     44,000         287,964  

Kamei Corp.

     5,800         43,422  

Kanamoto Co., Ltd.

     2,200         64,514  

Kuroda Electric Co., Ltd.

     6,600         107,089  

Mitani Corp.

     4,900         109,434  

Mitsui Matsushima Co., Ltd.

     44,527         68,746  

Nagase & Co., Ltd.

     20,800         257,513  

Nippon Steel & Sumikin Bussan Corp.

     92,960         298,779  

Onoken Co., Ltd.

     7,800         93,538  

Shinsho Corp.

     26,000         53,270  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      133   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Trusco Nakayama Corp.

     5,200       $ 120,274  

Wakita & Co., Ltd.

     9,745         114,024  

Yamazen Corp.

     18,200         120,349  

Yuasa Trading Co., Ltd.

     77,000         157,761  
     

 

 

 
Total Trading Companies & Distributors               2,716,536  
Transportation Infrastructure – 0.5%      

Japan Airport Terminal Co., Ltd.

     7,100         184,834  

Nissin Corp.

     26,000         74,224  

Sumitomo Warehouse Co., Ltd. (The)

     27,000         131,874  
     

 

 

 
Total Transportation Infrastructure               390,932  
TOTAL INVESTMENTS IN SECURITIES – 98.6%
(Cost: $75,591,485)
        74,581,515  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 1.4%

        1,032,248  
     

 

 

 
NET ASSETS – 100.0%             $ 75,613,763  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

134   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 97.0%      
Brazil – 14.9%      

Ambev S.A.

     120,002       $ 901,411  

CCR S.A.

     28,800         222,334  

Cia de Saneamento Basico do Estado de Sao Paulo

     2,700         25,247  

Cia Hering

     4,000         48,535  

Cielo S.A.

     11,900         381,338  

EcoRodovias Infraestrutura e Logistica S.A.

     4,000         24,108  

Itau Unibanco Holding S.A.

     22,400         316,965  

Localiza Rent a Car S.A.

     800         11,770  

Lojas Renner S.A.

     1,700         48,382  

M Dias Branco S.A.

     800         32,404  

Marisa Lojas S.A.

     1,600         10,920  

Odontoprev S.A.

     8,800         35,177  

Petroleo Brasileiro S.A.

     63,900         423,640  

Souza Cruz S.A.

     27,200         248,314  

Tegma Gestao Logistica

     1,600         13,536  

Ultrapar Participacoes S.A.

     5,600         136,271  

WEG S.A.

     7,200         101,148  
     

 

 

 
Total Brazil               2,981,500  
Chile – 0.6%      

CFR Pharmaceuticals S.A.

     40,558         8,108  

SACI Falabella

     12,680         111,107  
     

 

 

 
Total Chile               119,215  
China – 7.6%      

Air China Ltd. Class H

     32,000         18,894  

China International Marine Containers Group Co., Ltd. Class H

     16,000         37,086  

China Minsheng Banking Corp., Ltd. Class H

     132,000         132,390  

China National Building Material Co., Ltd. Class H

     80,000         80,237  

China Pacific Insurance Group Co., Ltd. Class H

     22,400         79,989  

China Telecom Corp., Ltd. Class H

     784,000         362,839  

Great Wall Motor Co., Ltd. Class H

     12,000         60,177  

PetroChina Co., Ltd. Class H

     416,000         453,162  

Ping An Insurance Group Co. of China Ltd. Class H

     16,000         132,628  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     24,000         27,351  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     7,200         16,373  

Sinopharm Group Co., Ltd. Class H

     16,000         43,831  

Wumart Stores, Inc. Class H

     16,000         15,594  

Zhuzhou CSR Times Electric Co., Ltd. Class H

     8,000         26,969  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H

     32,000         22,277  
     

 

 

 
Total China               1,509,797  
India – 1.2%      

Infosys Ltd. ADR

     3,353         181,665  

Tata Motors Ltd. ADR

     980         34,702  

Wipro Ltd. ADR

     2,430         32,562  
     

 

 

 
Total India               248,929  
Indonesia – 12.4%      

PT AKR Corporindo Tbk

     28,000         11,917  

PT Astra Agro Lestari Tbk

     24,000         54,930  

PT Astra International Tbk

     591,500         384,006  
Investments    Shares      Value  

PT Bank Central Asia Tbk

     132,000       $ 123,169  

PT Bank Mandiri Persero Tbk

     227,400         189,166  

PT Bank Negara Indonesia Persero Tbk

     228,000         99,549  

PT Bank Rakyat Indonesia Persero Tbk*

     335,500         282,783  

PT Gudang Garam Tbk

     16,000         69,578  

PT Harum Energy Tbk

     104,000         20,003  

PT Indocement Tunggal Prakarsa Tbk

     40,000         82,306  

PT Indofood CBP Sukses Makmur Tbk

     36,000         32,007  

PT Jasa Marga Persero Tbk

     52,000         27,465  

PT Kalbe Farma Tbk

     335,500         43,267  

PT Media Nusantara Citra Tbk

     80,000         18,521  

PT Perusahaan Gas Negara Persero Tbk

     407,500         183,841  

PT Perusahaan Perkebunan London Sumatra Indonesia Tbk

     140,000         27,236  

PT Semen Indonesia Persero Tbk

     120,000         166,902  

PT Surya Citra Media Tbk

     120,000         33,803  

PT Tambang Batubara Bukit Asam Persero Tbk

     60,000         49,252  

PT Telekomunikasi Indonesia Persero Tbk

     1,500,500         292,571  

PT Unilever Indonesia Tbk

     68,000         175,088  

PT United Tractors Tbk

     64,000         116,901  
     

 

 

 
Total Indonesia               2,484,261  
Malaysia – 2.7%      

AirAsia Bhd

     25,600         19,991  

Berjaya Sports Toto Bhd

     30,400         36,958  

British American Tobacco Malaysia Bhd

     5,600         101,385  

Carlsberg Brewery Malaysia Bhd

     7,200         28,707  

Dialog Group Bhd

     15,200         16,711  

DRB-Hicom Bhd

     17,600         13,312  

Gamuda Bhd

     27,200         39,232  

Hartalega Holdings Bhd

     6,400         13,425  

Kuala Lumpur Kepong Bhd

     16,000         118,573  

Malaysia Marine and Heavy Engineering Holdings Bhd

     23,200         26,713  

Nestle (Malaysia) Bhd

     4,000         81,678  

Tan Chong Motor Holdings Bhd

     7,200         12,193  

Top Glove Corp. Bhd

     6,400         9,702  

UOA Development Bhd

     18,600         12,360  
     

 

 

 
Total Malaysia               530,940  
Mexico – 9.5%      

Alsea S.A.B de C.V.

     5,600         20,385  

America Movil S.A.B de C.V. Series L

     454,900         451,109  

Arca Continental S.A.B de C.V.

     11,200         66,932  

Fomento Economico Mexicano S.A.B de C.V.

     24,000         223,672  

Grupo Bimbo S.A.B de C.V. Series A

     10,400         28,087  

Grupo Financiero Santander Mexico S.A.B de C.V. Class B

     91,100         223,338  

Grupo Mexico S.A.B. de C.V. Series B

     116,900         369,368  

Kimberly-Clark de Mexico S.A.B de C.V. Class A

     43,200         115,741  

Wal-Mart de Mexico S.A.B de C.V. Series V

     167,100         396,724  
     

 

 

 
Total Mexico               1,895,356  
Philippines – 2.2%      

Aboitiz Power Corp.

     167,100         138,614  

Ayala Land, Inc.

     49,700         33,137  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      135   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

Jollibee Foods Corp.

     5,430       $ 20,705  

Manila Water Co., Inc.

     19,200         10,233  

Semirara Mining Corp.

     7,430         67,930  

SM Investments Corp.

     3,800         59,739  

SM Prime Holdings, Inc.

     130,300         42,421  

Universal Robina Corp.

     21,190         67,097  
     

 

 

 
Total Philippines               439,876  
Russia – 11.3%      

LSR Group OJSC GDR*

     6,144         16,896  

Magnit OJSC Reg S GDR

     1,683         92,228  

MegaFon OAO GDR

     17,996         506,587  

MMC Norilsk Nickel OJSC ADR

     67,484         1,122,259  

NovaTek OAO Reg S GDR

     2,423         266,530  

Uralkali OJSC Reg S GDR

     10,860         257,708  
     

 

 

 
Total Russia               2,262,208  
South Africa – 14.3%      

Adcock Ingram Holdings Ltd.

     1,731         9,710  

AVI Ltd.

     5,551         29,835  

Bidvest Group Ltd.

     4,071         107,760  

Capitec Bank Holdings Ltd.

     1,119         20,693  

Clicks Group Ltd.

     2,777         17,307  

FirstRand Ltd.

     96,073         329,746  

Foschini Group Ltd. (The)

     5,551         56,550  

Imperial Holdings Ltd.

     3,503         62,780  

Kumba Iron Ore Ltd.

     10,255         368,552  

Life Healthcare Group Holdings Ltd.

     13,072         47,861  

Massmart Holdings Ltd.

     2,527         33,035  

Mr. Price Group Ltd.

     3,431         51,348  

MTN Group Ltd.

     36,454         747,075  

Oceana Group Ltd.

     1,671         14,386  

Pick n Pay Stores Ltd.

     5,319         26,095  

Shoprite Holdings Ltd.

     4,519         68,400  

Spar Group Ltd. (The)

     3,159         36,498  

Tiger Brands Ltd.

     2,487         64,379  

Truworths International Ltd.

     8,784         64,515  

Vodacom Group Ltd.

     49,268         608,900  

Woolworths Holdings Ltd.

     12,560         87,627  
     

 

 

 
Total South Africa               2,853,052  
South Korea – 1.1%      

Coway Co., Ltd.

     759         53,265  

Grand Korea Leisure Co., Ltd.

     1,120         46,033  

Huchems Fine Chemical Corp.

     1,440         29,153  

Iljin Display Co., Ltd.

     1,320         19,717  

KEPCO Plant Service & Engineering Co., Ltd.

     655         41,720  

OCI Materials Co., Ltd.

     647         22,429  
     

 

 

 
Total South Korea               212,317  
Taiwan – 6.9%      

President Chain Store Corp.

     8,000         56,482  

Richtek Technology Corp.

     8,000         47,681  

Taiwan Semiconductor Manufacturing Co., Ltd.

     325,000         1,264,674  
     

 

 

 
Total Taiwan               1,368,837  
Investments    Shares      Value  
Thailand – 10.4%      

Advanced Info Service PCL NVDR

     54,400       $ 378,989  

Bangkok Dusit Medical Services PCL NVDR

     12,800         52,478  

BEC World PCL NVDR

     42,400         71,233  

Bumrungrad Hospital PCL NVDR

     15,200         45,099  

Central Pattana PCL NVDR

     33,600         48,681  

Charoen Pokphand Foods PCL NVDR

     142,300         122,824  

CP ALL PCL NVDR

     112,100         150,319  

Hemaraj Land And Development PCL NVDR

     283,900         27,305  

Indorama Ventures PCL NVDR

     86,800         61,274  

Kasikornbank PCL NVDR

     28,600         156,930  

L.P.N. Development PCL NVDR

     43,200         21,307  

Land and Houses PCL NVDR

     186,300         55,132  

Major Cineplex Group PCL NVDR

     51,100         29,771  

Minor International PCL NVDR

     48,000         36,695  

Quality Houses PCL NVDR

     269,500         25,089  

Shin Corp. PCL NVDR

     78,500         186,933  

Siam Cement PCL (The) NVDR

     16,200         208,742  

Siam City Cement PCL NVDR

     3,400         36,264  

Siam Commercial Bank PCL NVDR

     38,500         186,922  

Sri Trang Agro-Industry PCL NVDR

     71,100         33,534  

Thai Oil PCL NVDR

     51,200         83,650  

Thai Stanley Electric PCL NVDR

     3,400         21,276  

VGI Global Media PCL NVDR

     74,984         26,351  
     

 

 

 
Total Thailand               2,066,798  
Turkey – 1.9%      

Anadolu Efes Biracilik ve Malt Sanayii A.S.

     4,511         50,188  

Aselsan Elektronik Sanayi ve Ticaret A.S.

     4,351         17,512  

BIM Birlesik Magazalar A.S.

     2,551         57,478  

Coca-Cola Icecek A.S.

     751         18,080  

Koza Altin Isletmeleri A.S.

     2,751         23,855  

TAV Havalimanlari Holding A.S.

     5,895         47,398  

Turk Hava Yollari

     10,968         33,788  

Turk Traktor ve Ziraat Makineleri A.S.

     1,407         36,175  

Ulker Biskuvi Sanayi A.S.

     5,143         36,183  

Yapi ve Kredi Bankasi A.S.

     29,427         55,850  
     

 

 

 
Total Turkey               376,507  
TOTAL COMMON STOCKS
(Cost: $19,218,737)
              19,349,593  
EXCHANGE-TRADED NOTE – 2.6%      
United States – 2.6%      
iPath MSCI India Index ETN*
(Cost: $433,187)
     8,437         511,535  
TOTAL INVESTMENTS IN SECURITIES – 99.6% (Cost: $19,651,924)         19,861,128  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4%

        78,346  
     

 

 

 
NET ASSETS – 100.0%             $ 19,939,474  

ADR – American Depositary Receipt

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

See Notes to Financial Statements.

 

136   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 97.5%      
Brazil – 13.9%      

AES Tiete S.A.

     10,400       $ 72,821  

Ambev S.A.

     88,242         662,842  

Arezzo Industria e Comercio S.A.

     1,600         19,499  

BR Malls Participacoes S.A.

     33,000         286,346  

Cia de Saneamento Basico do Estado de Sao Paulo

     20,000         187,015  

Cia Hering

     4,000         48,535  

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     16,000         96,858  

Direcional Engenharia S.A.

     8,800         39,038  

EcoRodovias Infraestrutura e Logistica S.A.

     6,400         38,573  

Estacio Participacoes S.A.

     3,200         32,418  

Even Construtora e Incorporadora S.A.

     12,800         43,111  

Grendene S.A.

     8,800         60,526  

Helbor Empreendimentos S.A.

     13,600         47,794  

Lojas Americanas S.A.

     12,800         80,776  

Lojas Renner S.A.

     2,400         68,304  

M Dias Branco S.A.

     2,400         97,212  

Marisa Lojas S.A.

     4,800         32,759  

MRV Engenharia e Participacoes S.A.

     30,400         108,990  

Natura Cosmeticos S.A.

     8,800         148,662  

Rodobens Negocios Imobiliarios S.A.

     3,200         16,734  

Santos Brasil Participacoes S.A.

     2,400         17,815  

Sonae Sierra Brasil S.A.

     12,500         104,476  

Souza Cruz S.A.

     27,200         248,314  

Sul America S.A.

     22,500         151,064  

Technos S.A.

     1,600         10,636  
     

 

 

 
Total Brazil               2,721,118  
Chile – 0.4%      

Empresas Hites S.A.

     16,336         9,758  

ENTEL Chile S.A.

     3,929         47,818  

Forus S.A.

     5,390         23,850  
     

 

 

 
Total Chile               81,426  
China – 17.9%      

Air China Ltd. Class H

     224,000         132,256  

China Eastern Airlines Corp., Ltd. Class H*

     304,000         101,111  

China Southern Airlines Co., Ltd. Class H

     224,000         72,770  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     380,000         166,558  

Datang International Power Generation Co., Ltd. Class H

     288,000         105,071  

Dongfeng Motor Group Co., Ltd. Class H

     368,000         520,899  

Great Wall Motor Co., Ltd. Class H

     68,000         341,006  

Guangzhou Automobile Group Co., Ltd. Class H

     64,000         67,242  

Guangzhou R&F Properties Co., Ltd. Class H

     102,400         147,586  

Huadian Power International Corp., Ltd. Class H

     96,000         46,657  

Huaneng Power International, Inc. Class H

     160,000         153,048  

Jiangsu Expressway Co., Ltd. Class H

     64,000         72,935  

Lianhua Supermarket Holdings Co., Ltd. Class H

     40,000         22,741  

New China Life Insurance Co., Ltd. Class H*

     32,000         96,738  

PICC Property & Casualty Co., Ltd. Class H

     272,000         372,389  

Ping An Insurance Group Co. of China Ltd. Class H

     93,000         770,899  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     32,000         36,467  
Investments    Shares      Value  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     28,978       $ 100,864  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     33,200         75,499  

Tsingtao Brewery Co., Ltd. Class H

     12,000         87,791  

Wumart Stores, Inc. Class H

     24,000         23,390  
     

 

 

 
Total China               3,513,917  
India – 7.3%      

Adani Enterprises Ltd.

     1,851         11,406  

Apollo Tyres Ltd.

     30,500         81,507  

Bajaj Auto Ltd.

     1,400         48,843  

Bank of Baroda

     5,726         69,103  

Dena Bank Ltd.

     21,000         21,273  

Hero MotoCorp Ltd.

     700         26,663  

Hindustan Unilever Ltd.

     24,700         250,443  

Mahindra & Mahindra Ltd. GDR

     19,890         324,207  

Sun TV Network Ltd.

     6,600         44,398  

Tata Motors Ltd. ADR

     14,727         521,483  

Zee Entertainment Enterprises Ltd.

     9,500         43,163  
     

 

 

 
Total India               1,442,489  
Indonesia – 9.1%      

PT ACE Hardware Indonesia Tbk

     279,000         18,420  

PT Agung Podomoro Land Tbk

     629,500         15,682  

PT Alam Sutera Realty Tbk

     363,500         19,039  

PT Astra International Tbk

     1,138,000         738,798  

PT Bank Bukopin Tbk

     263,000         14,817  

PT Bank Pan Indonesia Tbk*

     339,500         22,414  

PT Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk

     235,000         21,618  

PT Bank Tabungan Negara Persero Tbk

     235,000         26,582  

PT Gajah Tunggal Tbk

     178,500         33,390  

PT Garuda Indonesia Persero Tbk*

     502,992         22,006  

PT Gudang Garam Tbk

     40,000         173,944  

PT Indofood CBP Sukses Makmur Tbk

     76,000         67,571  

PT Indofood Sukses Makmur Tbk

     198,000         127,236  

PT Japfa Comfeed Indonesia Tbk

     335,000         41,580  

PT Mayora Indah Tbk

     14,500         38,292  

PT Media Nusantara Citra Tbk

     219,000         50,701  

PT Mitra Adiperkasa Tbk

     32,000         17,606  

PT Pakuwon Jati Tbk

     469,000         14,450  

PT Panin Financial Tbk*

     1,102,000         25,222  

PT Ramayana Lestari Sentosa Tbk

     145,000         17,742  

PT Summarecon Agung Tbk

     174,000         16,312  

PT Surya Citra Media Tbk

     136,000         38,310  

PT Tiga Pilar Sejahtera Food Tbk

     100,614         18,245  

PT Unilever Indonesia Tbk

     64,000         164,789  

PT XL Axiata Tbk

     128,000         49,577  
     

 

 

 
Total Indonesia               1,794,343  
Malaysia – 4.4%      

AirAsia Bhd

     119,500         93,316  

Berjaya Sports Toto Bhd

     33,200         40,363  

British American Tobacco Malaysia Bhd

     3,800         68,797  

Carlsberg Brewery Malaysia Bhd

     5,600         22,328  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      137   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

DRB-Hicom Bhd

     87,900       $ 66,487  

Dutch Lady Milk Industries Bhd

     1,600         23,215  

Fraser & Neave Holdings Bhd

     8,000         44,146  

Genting Malaysia Bhd

     124,300         159,871  

Guinness Anchor Bhd

     5,600         24,146  

Kulim (Malaysia) Bhd*

     51,000         52,476  

MBM Resources Bhd

     18,400         18,313  

Media Prima Bhd

     32,200         23,271  

Nestle (Malaysia) Bhd

     2,300         46,965  

Padini Holdings Bhd

     26,400         15,441  

Parkson Holdings Bhd

     41,300         37,942  

Star Publications Malaysia Bhd

     29,600         21,483  

UMW Holdings Bhd

     27,200         91,458  

UOA Development Bhd

     22,400         14,885  
     

 

 

 
Total Malaysia               864,903  
Mexico – 10.1%      

America Movil S.A.B de C.V. Series L

     631,900         626,634  

Arca Continental S.A.B de C.V.

     18,400         109,959  

Controladora Comercial Mexicana S.A.B de C.V.

     42,100         175,095  

Fomento Economico Mexicano S.A.B de C.V.

     55,800         520,038  

Genomma Lab Internacional S.A.B de C.V. Class B*

     8,000         20,581  

Grupo Televisa S.A.B Series CPO

     43,700         291,595  

Kimberly-Clark de Mexico S.A.B de C.V. Class A

     36,400         97,522  

Megacable Holdings S.A.B de C.V.

     17,716         71,957  

TV Azteca S.A.B de C.V.

     128,300         78,364  
     

 

 

 
Total Mexico               1,991,745  
Philippines – 2.1%      

Aboitiz Equity Ventures, Inc.

     74,200         92,657  

Aboitiz Power Corp.

     128,300         106,428  

Cebu Air, Inc.

     16,800         17,963  

First Philippine Holdings Corp.

     21,790         35,228  

Lopez Holdings Corp.

     390,500         40,491  

Security Bank Corp.

     12,018         28,407  

Universal Robina Corp.

     26,920         85,241  
     

 

 

 
Total Philippines               406,415  
Poland – 0.4%      

Cyfrowy Polsat S.A.*

     9,505         67,259  

Eurocash S.A.

     1,395         18,464  
     

 

 

 
Total Poland               85,723  
Russia – 1.6%      

Magnit OJSC GDR Reg S

     5,038         276,083  

OTCPharm*

     4,033         1,371  

Pharmstandard OJSC GDR*

     4,033         35,087  
     

 

 

 
Total Russia               312,541  
South Africa – 12.4%      

African Bank Investments Ltd.

     63,152         64,546  

Capitec Bank Holdings Ltd.

     1,803         33,341  

Cashbuild Ltd.

     1,651         21,348  

Clicks Group Ltd.

     6,362         39,649  

Clover Industries Ltd.

     10,245         18,819  

FirstRand Ltd.

     106,836         366,687  

Foschini Group Ltd. (The)

     7,796         79,421  
Investments    Shares      Value  

Illovo Sugar Ltd.

     14,363       $ 38,250  

Imperial Holdings Ltd.

     6,855         122,854  

Lewis Group Ltd.

     7,475         41,220  

Life Healthcare Group Holdings Ltd.

     10,059         36,830  

Massmart Holdings Ltd.

     3,489         45,612  

Mr. Price Group Ltd.

     5,150         77,074  

MTN Group Ltd.

     24,237         496,704  

Oceana Group Ltd.

     2,777         23,907  

Pick n Pay Holdings Ltd.

     25,802         55,122  

Pick n Pay Stores Ltd.

     7,347         36,044  

Shoprite Holdings Ltd.

     8,749         132,426  

Spar Group Ltd. (The)

     4,742         54,787  

Sun International Ltd.

     3,553         31,892  

Super Group Ltd.*

     11,631         31,793  

Tiger Brands Ltd.

     3,993         103,364  

Truworths International Ltd.

     12,479         91,654  

Vodacom Group Ltd.

     23,329         288,322  

Woolworths Holdings Ltd.

     14,587         101,769  
     

 

 

 
Total South Africa               2,433,435  
South Korea – 5.3%      

Able C&C Co., Ltd.

     455         14,020  

Grand Korea Leisure Co., Ltd.

     1,680         69,050  

GS Home Shopping, Inc.

     192         42,749  

Handsome Co., Ltd.

     1,040         25,793  

Kangwon Land, Inc.

     4,040         117,657  

KT&G Corp.

     3,905         293,485  

LG Fashion Corp.

     1,200         31,453  

LG Household & Health Care Ltd.

     160         69,069  

LG International Corp.

     1,840         48,746  

LIG Insurance Co., Ltd.

     1,280         37,638  

Muhak Co., Ltd.*

     1,153         25,347  

Shinsegae Co., Ltd.

     240         51,971  

SK Telecom Co., Ltd.

     1,095         221,685  
     

 

 

 
Total South Korea               1,048,663  
Taiwan – 2.3%      

Cheng Shin Rubber Industry Co., Ltd.

     64,000         182,632  

E-LIFE MALL Corp.

     8,000         16,760  

Farglory Land Development Co., Ltd.

     24,796         42,260  

Hey Song Corp.

     70,500         76,282  

Standard Foods Corp.

     8,000         21,804  

Yulon Nissan Motor Co., Ltd.

     8,000         101,404  
     

 

 

 
Total Taiwan               441,142  
Thailand – 4.4%      

Advanced Info Service PCL NVDR

     23,200         161,628  

AP Thailand PCL NVDR

     88,700         14,218  

BEC World PCL NVDR

     28,800         48,385  

Big C Supercenter PCL NVDR

     12,000         67,879  

Bumrungrad Hospital PCL NVDR

     7,200         21,362  

CP ALL PCL NVDR

     116,100         155,683  

DSG International Thailand PCL NVDR

     41,400         14,038  

Electricity Generating PCL NVDR

     16,000         64,612  

Hemaraj Land and Development PCL NVDR

     148,300         14,263  

Home Product Center PCL NVDR

     87,816         26,393  

 

See Notes to Financial Statements.

 

138   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2014

 

  

 

 

Investments    Shares      Value  

LPN Development PCL NVDR

     24,000       $ 11,837  

MCOT PCL NVDR

     19,200         17,312  

Pruksa Real Estate PCL NVDR

     35,600         22,278  

Quality Houses PCL NVDR

     149,100         13,881  

Robinson Department Store PCL NVDR

     18,400         29,920  

Sansiri PCL NVDR

     217,900         12,695  

Siam Future Development PCL NVDR

     59,175         10,124  

Supalai PCL NVDR

     35,600         19,534  

Thai Airways International PCL NVDR*

     59,000         25,462  

Thai Union Frozen Products PCL NVDR

     37,200         78,838  

Thai Vegetable Oil PCL NVDR

     48,600         34,008  
     

 

 

 
Total Thailand               864,350  
Turkey – 5.9%      

Albaraka Turk Katilim Bankasi A.S.*

     19,387         13,866  

Anadolu Efes Biracilik ve Malt Sanayii A.S.

     9,151         101,811  

BIM Birlesik Magazalar A.S.

     3,121         70,322  

Dogan Yayin Holding A.S.*

     115,351         26,961  

Dogus Otomotiv Servis ve Ticaret A.S.

     8,581         31,649  

Emlak Konut Gayrimenkul Yatirim Ortakligi A.S.

     27,560         32,466  

Ford Otomotiv Sanayi A.S.

     9,239         94,368  

Goodyear Lastikleri TAS A.S.

     510         12,802  

Ipek Dogal Enerji Kaynaklari ve Uretim A.S.*

     4,001         4,545  

NET Holding A.S.

     18,298         19,845  

Tofas Turk Otomobil Fabrikasi A.S.

     13,780         78,266  

Turk Telekomunikasyon A.S.

     79,369         220,758  

Turkiye Halk Bankasi A.S.

     36,808         227,985  

Ulker Biskuvi Sanayi A.S.

     5,798         40,791  

Yapi ve Kredi Bankasi A.S.

     95,512         181,273  
     

 

 

 
Total Turkey               1,157,708  
TOTAL COMMON STOCKS
(Cost: $19,011,774)
              19,159,918  
PREFERRED STOCKS – 0.0%      
India – 0.0%      
Zee Entertainment Enterprises Ltd.
(Cost: $3,219)
     199,500         2,372  
EXCHANGE-TRADED NOTES – 2.1%      
United States – 2.1%      
iPath MSCI India Index ETN*
(Cost: $348,800)
     6,600         400,158  
TOTAL INVESTMENTS IN SECURITIES – 99.6%
(Cost: $19,363,793)
        19,562,448  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4%

        85,039  
     

 

 

 
NET ASSETS – 100.0%             $ 19,647,487  

ADR – American Depositary Receipt

ETN – Exchange Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      139   


Table of Contents

Schedule of Investments

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Germany – 99.8%      
Aerospace & Defense – 0.6%      

MTU Aero Engines AG

     657       $ 61,086  
Air Freight & Logistics – 3.7%      

Deutsche Post AG

     9,327         346,698  
Auto Components – 3.9%      

Continental AG

     1,147         274,910  

ElringKlinger AG

     205         8,084  

Leoni AG

     1,229         89,724  
     

 

 

 
Total Auto Components               372,718  
Automobiles – 15.9%      

Bayerische Motoren Werke AG

     4,261         538,059  

Daimler AG

     6,366         601,804  

Volkswagen AG

     1,411         357,827  
     

 

 

 
Total Automobiles               1,497,690  
Capital Markets – 2.2%      

Deutsche Bank AG

     4,619         206,740  
Chemicals – 9.5%      

BASF SE

     4,025         447,569  

Fuchs Petrolub SE

     166         14,638  

K+S AG

     2,837         93,236  

LANXESS AG

     1,019         76,893  

Linde AG

     863         172,705  

Symrise AG

     1,645         82,209  

Wacker Chemie AG

     104         12,704  
     

 

 

 
Total Chemicals               899,954  
Commercial Services & Supplies – 1.1%      

Bilfinger SE

     823         104,458  
Construction & Engineering – 1.0%      

Hochtief AG

     1,021         92,734  
Construction Materials – 0.9%      

HeidelbergCement AG

     1,011         86,684  
Diversified Financial Services – 1.9%      

Deutsche Boerse AG

     2,203         175,406  
Diversified Telecommunication – 5.8%      

Deutsche Telekom AG

     33,736         545,405  
Food Products – 0.7%      

Suedzucker AG

     2,387         68,018  
Health Care Equipment & Supplies – 0.1%      

Carl Zeiss Meditec AG

     240         6,741  
Health Care Providers & Services – 3.3%      

Celesio AG

     2,658         90,888  

Fresenius Medical Care AG & Co. KGaA

     1,461         101,990  

Fresenius SE & Co. KGaA

     764         119,619  
     

 

 

 
Total Health Care Providers & Services               312,497  
Household Products – 1.4%      

Henkel AG & Co. KGaA

     1,280         128,695  
Investments    Shares      Value  
Industrial Conglomerates – 6.5%      

Rheinmetall AG

     1,351       $ 95,056  

Siemens AG

     3,847         518,018  
     

 

 

 
Total Industrial Conglomerates               613,074  
Insurance – 10.0%      

Allianz SE

     2,584         436,983  

Muenchener Rueckversicherungs-Gesellschaft AG

     1,766         386,031  

Talanx AG

     3,305         118,934  
     

 

 

 
Total Insurance               941,948  
Internet & Catalog Retail – 0.1%      

Takkt AG

     345         7,608  
IT Services – 0.2%      

Bechtle AG

     120         10,342  

Wirecard AG

     107         4,442  
     

 

 

 
Total IT Services               14,784  
Life Sciences Tools & Services – 0.1%      

Gerresheimer AG

     90         5,827  
Machinery – 2.5%      

DMG MORI SEIKI AG

     247         7,570  

Duerr AG

     159         12,272  

GEA Group AG

     1,949         89,128  

Krones AG

     83         7,930  

KUKA AG

     48         2,350  

MAN SE

     750         95,616  

Norma Group SE

     149         7,899  

Pfeiffer Vacuum Technology AG

     81         9,899  

Wacker Neuson SE

     401         6,922  
     

 

 

 
Total Machinery               239,586  
Media – 1.5%      

Axel Springer SE

     2,009         128,629  

CTS Eventim AG

     179         11,941  
     

 

 

 
Total Media               140,570  
Metals & Mining – 0.7%      

Aurubis AG

     1,075         58,413  

Salzgitter AG

     109         4,310  
     

 

 

 
Total Metals & Mining               62,723  
Multi-Utilities – 8.6%      

E.ON SE

     22,783         445,575  

RWE AG

     9,155         371,723  
     

 

 

 
Total Multi-Utilities               817,298  
Personal Products – 1.0%      

Beiersdorf AG

     1,021         99,629  
Pharmaceuticals – 6.6%      

Bayer AG

     3,533         478,074  

Merck KGaA

     817         137,657  

Stada Arzneimittel AG

     177         7,578  
     

 

 

 
Total Pharmaceuticals               623,309  
Semiconductors & Semiconductor – 0.1%      

SMA Solar Technology AG

     156         8,278  

 

See Notes to Financial Statements.

 

140   WisdomTree International Dividend and Sector Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
Semiconductors & Semiconductor Equipment – 1.1%      

Infineon Technologies AG

     8,938       $ 106,705  
Software – 3.4%      

SAP AG

     3,797         307,503  

Software AG

     345         12,501  
     

 

 

 
Total Software               320,004  
Speciality Retail – 1.0%      

Fielmann AG

     691         92,885  
Technology Hardware, Storage & Peripherals – 0.1%      

Wincor Nixdorf AG

     162         11,644  
Textiles, Apparel & Luxury Goods – 2.6%      

Adidas AG

     1,061         114,851  

Gerry Weber International AG

     225         11,130  

Hugo Boss AG

     921         122,595  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               248,576  
Trading Companies & Distributors – 1.0%      

BayWa AG

     114         6,485  

Brenntag AG

     502         93,162  
     

 

 

 
Total Trading Companies & Distributors               99,647  
Transportation Infrastructure – 0.7%      

Hamburger Hafen und Logistik AG

     2,677         64,365  
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $8,820,996)
        9,423,984  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.2%

        18,870  
     

 

 

 
NET ASSETS – 100.0%             $ 9,442,854  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      141   


Table of Contents

Schedule of Investments

WisdomTree Korea Hedged Equity Fund (DXKW)

March 31, 2014

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%      
South Korea – 100.0%      
Aerospace & Defense – 0.5%      

Korea Aerospace Industries Ltd.

     1,430       $ 45,609  
Air Freight & Logistics – 3.1%      

Hyundai Glovis Co., Ltd.

     1,134         257,279  
Airlines – 2.0%      

Korean Air Lines Co., Ltd.*

     4,590         166,231  
Auto Components – 9.3%      

Halla Visteon Climate Control Corp.

     3,220         147,017  

Hyundai Mobis

     1,329         393,288  

Kumho Tire Co., Inc.*

     5,870         73,344  

Mando Corp.

     501         63,540  

Nexen Tire Corp.

     6,130         77,744  
     

 

 

 
Total Auto Components               754,933  
Automobiles – 9.9%      

Hyundai Motor Co.

     1,748         412,183  

Kia Motors Corp.

     7,071         393,922  
     

 

 

 
Total Automobiles               806,105  
Building Products – 0.4%      

LG Hausys Ltd.

     207         30,920  
Chemicals – 9.7%      

Kumho Petro Chemical Co., Ltd.

     488         40,252  

LG Chem Ltd.

     1,661         396,349  

Lotte Chemical Corp.

     1,642         290,005  

OCI Co., Ltd.*

     209         34,852  

SK Chemicals Co., Ltd.

     478         28,246  
     

 

 

 
Total Chemicals               789,704  
Construction & Engineering – 6.6%      

Daelim Industrial Co., Ltd.

     3,301         268,868  

Doosan Heavy Industries & Construction Co., Ltd.

     410         13,539  

Hyundai Engineering & Construction Co., Ltd.

     4,280         225,168  

KEPCO Engineering & Construction Co., Inc.

     468         28,886  
     

 

 

 
Total Construction & Engineering               536,461  
Diversified Financial Services – 0.8%      

Hankook Tire Worldwide Co., Ltd.

     3,190         63,084  
Electrical Equipment – 0.8%      

LS Industrial Systems Co., Ltd.

     992         62,626  
Electronic Equipment, Instruments & Components – 5.5%      

LG Display Co., Ltd.*

     3,170         79,365  

Samsung Electro-Mechanics Co., Ltd.

     4,504         293,229  

Samsung SDI Co., Ltd.

     482         72,903  
     

 

 

 
Total Electronic Equipment, Instruments & Components               445,497  
Food Products – 2.4%      

CJ CheilJedang Corp.

     525         141,552  

Daesang Corp.

     1,370         52,512  
     

 

 

 
Total Food Products               194,064  
Investments    Shares      Value  
Industrial Conglomerates – 3.9%      

SK Holdings Co., Ltd.

     1,757       $ 318,569  
Machinery – 3.0%      

Hyundai Heavy Industries Co., Ltd.

     1,248         247,384  
Media – 0.5%      

Cheil Worldwide, Inc.*

     1,910         42,975  
Metals & Mining – 9.6%      

Hyundai Steel Co.

     6,014         388,711  

POSCO

     1,411         392,368  
     

 

 

 
Total Metals & Mining               781,079  
Oil, Gas & Consumable Fuels – 5.0%      

SK Innovation Co., Ltd.

     1,750         200,573  

S-Oil Corp.

     3,565         206,307  
     

 

 

 
Total Oil, Gas & Consumable Fuels               406,880  
Pharmaceuticals – 1.6%      

Celltrion, Inc.*

     3,238         133,846  
Semiconductors & Semiconductor Equipment – 15.5%      

Samsung Electronics Co., Ltd.

     708         893,272  

SK Hynix, Inc.*

     10,930         369,656  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               1,262,928  
Software – 1.3%      

NCsoft Corp.

     516         105,677  
Textiles, Apparel & Luxury Goods – 0.4%      

Youngone Corp.

     900         33,440  
Tobacco – 4.7%      

KT&G Corp.

     5,061         380,365  
Trading Companies & Distributors – 3.5%      

Daewoo International Corp.

     980         35,630  

iMarketKorea, Inc.

     790         24,380  

LG International Corp.

     4,360         115,507  

Samsung C&T Corp.

     1,845         106,944  
     

 

 

 
Total Trading Companies & Distributors               282,461  
TOTAL INVESTMENTS IN SECURITIES – 100.0%
(Cost: $8,090,598)
         8,148,117  

Cash and Other Assets in Excess of Liabilities – 0.0%

        3,002  
     

 

 

 
NET ASSETS – 100.0%             $ 8,151,119  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

142   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Assets and Liabilities

WisdomTree International Dividend and Sector Funds

March 31, 2014

 

  

 

 

     WisdomTree
DEFA Fund
    WisdomTree
DEFA Equity
Income Fund
    WisdomTree
Global Equity
Income Fund
    WisdomTree
Europe SmallCap
Dividend Fund
    WisdomTree
Japan Hedged
Equity Fund
    WisdomTree
Global ex-U.S.
Dividend
Growth Fund
    WisdomTree
Japan SmallCap
Dividend Fund
 

ASSETS:

             

Investments, at cost

  $ 462,164,043      $ 252,525,181      $ 100,055,074      $ 1,287,399,983      $ 11,366,659,499      $ 55,634,292      $ 260,573,355   

Investment in affiliates, at cost (Note 7)

    524,128        83,587               3,377,818               69,637        1,417,629   

Foreign currency, at cost

    97,284        88,760        109,412        405,017        27,489,846        63,928        1,164,842   

Investments in securities, at value

    565,449,425        303,059,048        122,897,586        1,431,534,436        11,298,513,697        61,644,563        279,872,779   

Investment in affiliates, at value
(Note 7)

    545,678        89,234               3,386,251               71,611        1,469,670   

Cash

    239,046        148,172        26,214        863,278        495,672        3,324        165,853   

Foreign currency, at value

    97,278        88,791        109,805        405,111        27,422,903        64,109        1,160,590   

Unrealized appreciation on forward foreign currency contracts

                                115,601,360                 

Receivables:

             

Dividends and Interest

    2,240,345        1,206,746        449,624        2,204,318        105,164,298        180,862        2,581,073   

Investment securities sold

                  11,233        13,619,910        119,575,140               122,790   

Foreign tax reclaims

    848,606        310,837        105,172        133,379        7,498,193        80,358        171,086   

Capital shares sold

                         16,060,467                        

Total Assets

    569,420,378        304,902,828        123,599,634        1,468,207,150        11,674,271,263        62,044,827        285,543,841   

LIABILITIES:

             

Unrealized depreciation on forward foreign currency contracts

                         8,424        13,824,742                 

Payables:

             

Investment securities purchased

                         20,669,507        94,212,914               1,299,822   

Capital shares redeemed

                                119,623,278                 

Advisory fees (Note 3)

    230,605        148,985        60,388        653,235        4,743,116        29,997        136,960   

Service fees (Note 2)

    2,115        1,131        457        4,954        43,479        227        1,039   

Closed forward foreign currency contracts

                  12,288                      3,017          

Total Liabilities

    232,720        150,116        73,133        21,336,120        232,447,529        33,241        1,437,821   

NET ASSETS

  $ 569,187,658      $ 304,752,712      $ 123,526,501      $ 1,446,871,030      $ 11,441,823,734      $ 62,011,586      $ 284,106,020   

NET ASSETS:

             

Paid-in capital

  $ 708,744,169      $ 347,488,245      $ 129,237,601      $ 1,318,027,238      $ 11,097,627,190      $ 81,421,767      $ 297,339,407   

Undistributed net investment income

    1,499,228        646,092        256,630        2,903,216        116,301,672        166,028        2,322,594   

Accumulated net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    (244,427,285     (93,949,171     (28,818,002     (18,207,115     195,161,253        (25,591,226     (34,883,229

Net unrealized appreciation on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    103,371,546        50,567,546        22,850,272        144,147,691        32,733,619        6,015,017        19,327,248   

NET ASSETS

  $ 569,187,658      $ 304,752,712      $ 123,526,501      $ 1,446,871,030      $ 11,441,823,734      $ 62,011,586      $ 284,106,020   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

    10,450,000        6,400,000        2,600,000        23,250,000        240,900,000        1,200,000        5,650,000   

Net asset value per share

  $ 54.47      $ 47.62      $ 47.51      $ 62.23      $ 47.50      $ 51.68      $ 50.28   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      143   


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2014

 

  

 

 

     WisdomTree
Asia Pacific
ex-Japan Fund
    WisdomTree
Australia
Dividend Fund
    WisdomTree
International
LargeCap
Dividend Fund
    WisdomTree
International
Dividend
ex-Financials  Fund
    WisdomTree
International
MidCap
Dividend Fund
    WisdomTree
International
SmallCap
Dividend Fund
    WisdomTree
Emerging
Markets Equity
Income Fund
 

ASSETS:

             

Investments, at cost

  $ 47,962,812      $ 47,152,305      $ 260,069,690      $ 281,642,082      $ 106,306,889      $ 720,925,448      $ 3,943,447,229   

Investment in affiliates, at cost (Note 7)

                  230,871        632,961        1,207,886        6,149,191          

Foreign currency, at cost

    9,543        5,970        50,077        76,464        67,945        53,469        9,220,722   

Investments in securities, at value (including securities on loan) (Note 2)1

    52,339,984        54,578,210        313,446,600        347,435,008        139,105,478        908,243,244        3,872,958,267   

Investment in affiliates, at value (Note 7)

                  243,088        668,163        1,238,738        6,198,112          

Cash

    832,901        42,576               9,233        69,584        1,317,789        3,695,728   

Foreign currency, at value

    9,581        5,970        50,085        76,548        67,976        53,509        9,231,239   

Unrealized appreciation on forward foreign currency contracts

                                              146   

Receivables:

             

Dividends and Interest

    224,849        537,937        1,172,643        1,177,689        550,549        4,998,578        10,312,594   

Investment securities sold

                  521,782        4,893,060               3,347,388        4,728,503   

Foreign tax reclaims

                  465,459        368,641        118,961        374,603          

Capital shares sold

                                       55,164          

Closed forward foreign currency contracts

                                              985,141   

Total Assets

    53,407,315        55,164,693        315,899,657        354,628,342        141,151,286        924,588,387        3,901,911,618   

LIABILITIES:

             

Due to custodian

                  190,188                               

Unrealized depreciation on forward foreign currency contracts

                                       1        14,290   

Payables:

             

Investment of cash collateral for securities loaned (Note 2)

                                       90,000        2,286,181   

Investment securities purchased

                  305,138                      55,164        8,700,328   

Capital shares redeemed

    805,227                      4,906,768                        

Advisory fees (Note 3)

    23,085        26,925        126,682        174,755        68,892        442,646        2,042,350   

Service fees (Note 2)

    210        204        1,163        1,328        524        3,363        14,264   

Closed forward foreign currency contracts

    154                                             

Total Liabilities

    828,676        27,129        623,171        5,082,851        69,416        591,174        13,057,413   

NET ASSETS

  $ 52,578,639      $ 55,137,564      $ 315,276,486      $ 349,545,491      $ 141,081,870      $ 923,997,213      $ 3,888,854,205   

NET ASSETS:

             

Paid-in capital

  $ 72,554,594      $ 69,976,769      $ 324,788,786      $ 451,886,514      $ 195,267,218      $ 939,510,050      $ 4,672,189,503   

Undistributed net investment income

    23,148        29,189        696,213        754,395        411,974        4,022,356        7,748,713   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

    (24,379,518     (22,309,273     (63,630,307     (168,946,984     (87,435,042     (206,942,568     (720,636,562

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    4,380,415        7,440,879        53,421,794        65,851,566        32,837,720        187,407,375        (70,447,449

NET ASSETS

  $ 52,578,639      $ 55,137,564      $ 315,276,486      $ 349,545,491      $ 141,081,870      $ 923,997,213      $ 3,888,854,205   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

    800,000        900,000        6,100,000        7,100,000        2,350,000        14,250,000        79,000,000   

Net asset value per share

  $ 65.72      $ 61.26      $ 51.68      $ 49.23      $ 60.03      $ 64.84      $ 49.23   
1 

Market value of securities out on loan were as follows: $0, $0, $0, $0, $0, $84,532 and $2,079,082, respectively.

 

See Notes to Financial Statements.

 

144   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2014

 

  

 

 

     WisdomTree
Emerging Markets
SmallCap
Dividend Fund
    WisdomTree
Middle East
Dividend Fund
    WisdomTree
Europe Hedged
Equity Fund
    WisdomTree
Commodity
Country
Equity Fund
    WisdomTree
Global Natural
Resources Fund
    WisdomTree
Global ex-U.S.
Utilities Fund
    WisdomTree
Global ex-U.S.
Real Estate Fund
 

ASSETS:

             

Investments, at cost

  $ 1,668,445,631      $ 44,036,941      $ 966,872,809      $ 20,872,428      $ 24,841,243      $ 28,770,952      $ 117,572,957   

Investment in affiliates, at cost (Note 7)

    4,188,475                      10,733        55,601               310,228   

Foreign currency, at cost

    5,085,274        119,223        426,620        40,935        1,626        53,442        114,352   

Investments in securities, at value (including securities on loan) (Note 2)1

    1,802,538,613        53,001,556        1,057,835,593        21,372,076        22,268,726        30,154,085        126,969,652   

Investment in affiliates, at value (Note 7)

    4,186,652                      11,058        56,133               312,524   

Cash

    4,333,667        7,276        733,326        2,659        6,865        34,459        181,248   

Foreign currency, at value

    5,113,692        119,112        426,620        41,042        1,632        53,378        114,565   

Unrealized appreciation on forward foreign currency contracts

    7,900               2,174,006                             2,465   

Receivables:

             

Dividends and interest

    7,901,084        608,127        1,573,540        78,457        48,166        77,157        353,677   

Foreign tax reclaims

                  132,484        24,929        12,527        15,614        16,293   

Investment securities sold

    5,797,374        21,012               2,229               147,177        1,457,738   

Capital shares sold

    18,561,350               32,664,673                      11          

Closed forward foreign currency contracts

                                              4,501   

Total Assets

    1,848,440,332        53,757,083        1,095,540,242        21,532,450        22,394,049        30,481,881        129,412,663   

LIABILITIES:

             

Unrealized depreciation on forward foreign currency contracts

    23,009               167,233                      1        497   

Payables:

             

Investment of cash collateral for securities loaned (Note 2)

    919,582                                             

Investment securities purchased

    32,227,104               34,564,748                             1,563,794   

Capital shares redeemed

                                       218,613        56,246   

Advisory fees (Note 3)

    937,566        39,773        485,097        10,236        11,115        14,908        63,864   

Service fees (Note 2)

    6,536        199        3,680        77        84        113        484   

Closed forward foreign currency contracts

                                       872        3,855   

Total Liabilities

    34,113,797        39,972        35,220,758        10,313        11,199        234,507        1,688,740   

NET ASSETS

  $ 1,814,326,535      $ 53,717,111      $ 1,060,319,484      $ 21,522,137      $ 22,382,850      $ 30,247,374      $ 127,723,923   

NET ASSETS:

             

Paid-in capital

  $ 1,933,133,867      $ 53,063,587      $ 1,008,808,385      $ 37,895,056      $ 42,540,911      $ 55,859,727      $ 184,076,355   

Undistributed (Distributions in excess of) net investment income

    1,932,638        501,227        2,822,627        79,659        50,346        31,800        (6,751,704

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

    (254,878,313     (8,812,210     (44,291,125     (16,955,401     (17,637,268     (27,027,689     (59,002,133

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    134,138,343        8,964,507        92,979,597        502,823        (2,571,139     1,383,536        9,401,405   

NET ASSETS

  $ 1,814,326,535      $ 53,717,111      $ 1,060,319,484      $ 21,522,137      $ 22,382,850      $ 30,247,374      $ 127,723,923   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

    39,100,000        2,400,000        18,800,000        700,000        1,050,000        1,550,000        4,600,000   

Net asset value per share

  $ 46.40      $ 22.38      $ 56.40      $ 30.75      $ 21.32      $ 19.51      $ 27.77   
1 

Market value of securities out on loan were as follows: $836,280, $0, $0, $0, $0, $0 and $0, respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      145   


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree International Dividend and Sector Funds

March 31, 2014

 

  

 

 

     WisdomTree
China Dividend
ex-Financials Fund
    WisdomTree
United Kingdom
Hedged
Equity Fund
    WisdomTree
Japan Hedged
SmallCap
Equity Fund
    WisdomTree
Emerging
Markets
Dividend
Growth Fund
    WisdomTree
Emerging Markets
Consumer
Growth Fund
    WisdomTree
Germany Hedged
Equity Fund
    WisdomTree
Korea Hedged
Equity Fund
 

ASSETS:

             

Investments, at cost

  $ 18,580,687      $ 15,768,742      $ 75,591,485      $ 19,651,924      $ 19,363,793      $ 8,820,996      $ 8,090,598   

Foreign currency, at cost

           3,217        278,218        37,164        27,806        134          

Investments in securities, at value (Note 2)

    17,394,303        16,491,933        74,581,515        19,861,128        19,562,448        9,423,984        8,148,117   

Cash

    11,090        12,473        40,745        13,642        24,312        2,656        4,968   

Foreign currency, at value

           3,224        277,355        37,171        27,882        135          

Unrealized appreciation on forward foreign currency contracts

           120,304        627,088                      19,816        9,583   

Receivables:

             

Dividends and interest

    235        127,466        641,613        39,113        48,056               21,910   

Investment securities sold

                  26,687               6,921               12,037   

Capital shares sold

                  5,767,294                               

Foreign tax reclaims

                  41,755                      190          

Total Assets

    17,405,628        16,755,400        82,004,052        19,951,054        19,669,619        9,446,781        8,196,615   

LIABILITIES:

             

Unrealized depreciation on forward foreign currency contracts

           118        1,599               29        113        41,524   

Payables:

             

Investment securities purchased

           156,964        6,354,968                               

Advisory fees (Note 3)

    9,904        7,926        33,468        10,234        10,032        3,779        3,942   

Service fees (Note 2)

    69        73        254        72        70        35        30   

Capital gains tax payable

                                10,535                 

Closed forward foreign currency contracts

                         1,274        1,466                 

Total Liabilities

    9,973        165,081        6,390,289        11,580        22,132        3,927        45,496   

NET ASSETS

  $ 17,395,655      $ 16,590,319      $ 75,613,763      $ 19,939,474      $ 19,647,487      $ 9,442,854      $ 8,151,119   

NET ASSETS:

             

Paid-in capital

  $ 19,588,689      $ 18,266,254      $ 75,657,633      $ 19,750,231      $ 19,443,690      $ 8,989,893      $ 8,279,049   

Undistributed (Distributions in excess of) net investment income

    (25,729     35,758        650,017        64,853        54,931               15,672   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

    (980,921     (2,555,219     (304,028     (85,188     (39,898     (169,731     (169,379

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (1,186,384     843,526        (389,859     209,578        188,764        622,692        25,777   

NET ASSETS

  $ 17,395,655      $ 16,590,319      $ 75,613,763      $ 19,939,474      $ 19,647,487      $ 9,442,854      $ 8,151,119   

Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)

    350,000        650,000        2,600,000        800,000        800,000        350,000        350,000   

Net asset value per share

  $ 49.70      $ 25.52      $ 29.08      $ 24.92      $ 24.56      $ 26.98      $ 23.29   

 

See Notes to Financial Statements.

 

146   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Operations

WisdomTree International Dividend and Sector Funds

For the Period Ended March 31, 2014

 

  

 

 

     WisdomTree
DEFA Fund
    WisdomTree
DEFA Equity
Income Fund
    WisdomTree
Global Equity
Income Fund
    WisdomTree
Europe
SmallCap
Dividend Fund
    WisdomTree
Japan Hedged
Equity Fund
    WisdomTree
Global ex-U.S.
Dividend
Growth Fund
    WisdomTree
Japan
SmallCap
Dividend Fund
 

INVESTMENT INCOME:

             

Dividends1

  $ 24,327,198      $ 15,723,706      $ 5,753,656      $ 7,225,842      $ 246,749,819      $ 2,228,362      $ 5,371,136   

Dividends from affiliates (Note 7)

    104,127        40,986        21,600        9,245               13,560        1,357   

Securities lending income (Note 2)

    536,008        324,723        103,154        254,828        1,132,386        39,669        120,865   

Total investment income

    24,967,333        16,089,415        5,878,410        7,489,915        247,882,205        2,281,591        5,493,358   

EXPENSES:

             

Advisory fees (Note 3)

    2,450,320        1,483,258        657,084        2,321,837        51,291,770        399,512        1,570,910   

Service fees (Note 2)

    22,462        11,252        4,985        17,614        470,175        3,031        11,917   

Total expenses

    2,472,782        1,494,510        662,069        2,339,451        51,761,945        402,543        1,582,827   

Expense waivers (Note 3)

    (1,836     (1,205     (336                          (540

Net expenses

    2,470,946        1,493,305        661,733        2,339,451        51,761,945        402,543        1,582,287   

Net investment income

    22,496,387        14,596,110        5,216,677        5,150,464        196,120,260        1,879,048        3,911,071   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

             

Net realized gain (loss) from:

             

Investment transactions

    18,474        (1,777,086     (4,147,482     9,964,272        (226,006,690     (4,084,751     (8,058,616

Investment transactions in affiliates (Note 7)

    (53,896     36,932        51,497        (11,159            (54,475     (1,938

In-kind redemptions

    2,934,800                      1,258,200        401,201,822        2,734,243        11,349,279   

In-kind redemptions in affiliates (Note 7)

    (287                                 840        29   

Forward foreign currency contracts and foreign currency related transactions

    3,039        10,041        (17,314     (50,793     613,897,783        27,148        (161,143

Net realized gain (loss)

    2,902,130        (1,730,113     (4,113,299     11,160,520        789,092,915        (1,376,995     3,127,611   

Net change in unrealized appreciation (depreciation) from:

             

Investment transactions

    63,464,082        36,300,558        12,790,411        139,854,794        (326,414,042     (140,297     2,036,020   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    52,797        22,720        7,121        4,342        35,674,708        5,163        (20,108

Net change in unrealized appreciation (depreciation)

    63,516,879        36,323,278        12,797,532        139,859,136        (290,739,334     (135,134     2,015,912   

Net realized and unrealized gain (loss) on investments

    66,419,009        34,593,165        8,684,233        151,019,656        498,353,581        (1,512,129     5,143,523   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

  $ 88,915,396      $ 49,189,275      $ 13,900,910      $ 156,170,120      $ 694,473,841      $ 366,919      $ 9,054,594   
1 

Net of foreign withholding tax of $1,560,462, $844,431, $370,010, $999,250, $23,629,082, $274,278 and $521,617, respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      147   


Table of Contents

Statements of Operations (continued)

WisdomTree International Dividend and Sector Funds

For the Period Ended March 31, 2014

 

  

 

 

     WisdomTree
Asia Pacific
ex-Japan Fund
    WisdomTree
Australia
Dividend Fund
    WisdomTree
International
LargeCap
Dividend Fund
    WisdomTree
International
Dividend
ex-Financials  Fund
    WisdomTree
International
MidCap
Dividend Fund
    WisdomTree
International
SmallCap
Dividend Fund
    WisdomTree
Emerging
Markets Equity
Income Fund
 

INVESTMENT INCOME:

             

Dividends1

  $ 2,881,817      $ 2,733,981      $ 13,345,948      $ 17,271,654      $ 4,813,509      $ 25,477,691      $ 233,977,177   

Dividends from affiliates (Note 7)

    6,971               44,792        49,417        18,180        9,443          

Securities lending income (Note 2)

    6,484        22,392        231,378        608,536        170,572        1,103,479        2,506,978   

Total investment income

    2,895,272        2,756,373        13,622,118        17,929,607        5,002,261        26,590,613        236,484,155   

EXPENSES:

             

Advisory fees (Note 3)

    362,028        359,700        1,245,021        2,030,632        751,986        4,080,190        30,847,673   

Service fees (Note 2)

    3,318        2,729        11,413        15,405        5,705        30,953        215,444   

Total expenses

    365,346        362,429        1,256,434        2,046,037        757,691        4,111,143        31,063,117   

Expense waivers (Note 3)

                  (951     (2,576     (490     (3,832       

Net expenses

    365,346        362,429        1,255,483        2,043,461        757,201        4,107,311        31,063,117   

Net investment income

    2,529,926        2,393,944        12,366,635        15,886,146        4,245,060        22,483,302        205,421,038   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

             

Net realized gain (loss) from:

             

Investment transactions

    (3,025,805     (2,264,264     (6,289,919     10,928,196        1,787,377        26,604,602        (385,059,754

Investment transactions in affiliates (Note 7)

    10,911               (111,986     (142,281     22,834        154,961          

In-kind redemptions

    3,537,557        3,161,164               10,891,442                      101,060,063   

In-kind redemptions in affiliates (Note 7)

    (1,297                   6,913                        

Forward foreign currency contracts and foreign currency related transactions

    (36,307     12,179        (14,502     74,758        (2,349     (100,581     (2,034,495

Net realized gain (loss)

    485,059        909,079        (6,416,407     21,759,028        1,807,862        26,658,982        (286,034,186

Net change in unrealized appreciation (depreciation) from:

             

Investment transactions

    (5,835,396     (5,145,810     36,766,305        31,911,554        17,475,709        91,427,236        (311,114,137

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    2,563        6,029        26,110        27,705        9,205        31,201        21,260   

Net change in unrealized appreciation (depreciation)

    (5,832,833     (5,139,781     36,792,415        31,939,259        17,484,914        91,458,437        (311,092,877

Net realized and unrealized gain (loss) on investments

    (5,347,774     (4,230,702     30,376,008        53,698,287        19,292,776        118,117,419        (597,127,063

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ (2,817,848   $ (1,836,758   $ 42,742,643      $ 69,584,433      $ 23,537,836      $ 140,600,721      $ (391,706,025
1 

Net of foreign withholding tax of $203,441, $25,483, $725,972, $1,612,513, $458,300, $2,242,541 and $31,589,965, respectively.

 

See Notes to Financial Statements.

 

148   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Operations (continued)

WisdomTree International Dividend and Sector Funds

For the Period Ended March 31, 2014

 

  

 

 

     WisdomTree
Emerging
Markets SmallCap
Dividend Fund
    WisdomTree
Middle East
Dividend Fund
    WisdomTree
Europe Hedged
Equity Fund
    WisdomTree
Commodity
Country
Equity Fund
    WisdomTree
Global Natural
Resources Fund
    WisdomTree
Global ex-U.S.
Utilities Fund
    WisdomTree
Global ex-U.S.
Real Estate Fund
 

INVESTMENT INCOME:

             

Dividends1

  $ 58,685,425      $ 1,886,574      $ 14,290,688      $ 939,564      $ 926,093      $ 1,536,727      $ 4,910,393   

Dividends from affiliates (Note 7)

    68,575                      2,312        1,972        6,070        7,527   

Securities lending income (Note 2)

    1,168,111               475,138        31,686        18,935        51,520        49,921   

Total investment income

    59,922,111        1,886,574        14,765,826        973,562        947,000        1,594,317        4,967,841   

EXPENSES:

             

Advisory fees (Note 3)

    10,490,721        221,436        2,836,405        130,198        136,282        194,188        729,040   

Service fees (Note 2)

    73,268        1,107        21,517        987        1,034        1,472        5,531   

Total expenses

    10,563,989        222,543        2,857,922        131,185        137,316        195,660        734,571   

Expenses waivers (Note 3)

    (4,687                                        (101

Net expenses

    10,559,302        222,543        2,857,922        131,185        137,316        195,660        734,470   

Net investment income

    49,362,809        1,664,031        11,907,904        842,377        809,684        1,398,657        4,233,371   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

             

Net realized gain (loss) from:

             

Investment transactions

    (82,347,840     227,552        (11,843,382     (1,035,384     (1,977,073     (3,902,699     (232,525

Investment transactions in affiliates (Note 7)

    (222,276                   5,359        1,632        (15,522     (36,481

In-kind redemptions

    27,690,816               9,223,835        131,095        52,074        1,086,098        721,361   

In-kind redemptions in affiliates (Note 7)

    (2,694                   47        6               (10

Forward foreign currency contracts and foreign currency related transactions

    (993,277     (23,812     (29,894,857     (9,847     2,821        (4,888     (7,387

Net realized gain (loss)

    (55,875,271     203,740        (32,514,404     (908,730     (1,920,540     (2,837,011     444,958   

Net change in unrealized appreciation (depreciation) from:

             

Investment transactions

    (86,089,703     7,294,495        86,804,826        (85,018     357,011        5,328,081        (8,263,876

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    63,107        89        1,458,799        1,742        376        1,063        1,800   

Net change in unrealized appreciation (depreciation)

    (86,026,596     7,294,584        88,263,625        (83,276     357,387        5,329,144        (8,262,076

Net realized and unrealized gain (loss) on investments

    (141,901,867     7,498,324        55,749,221        (992,006     (1,563,153     2,492,133        (7,817,118

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ (92,539,058   $ 9,162,355      $ 67,657,125      $ (149,629   $ (753,469   $ 3,890,790      $ (3,583,747
1 

Net of foreign withholding tax of $9,066,040, $71,488, $1,663,862, $141,708, $96,551, $206,764 and $476,298, respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      149   


Table of Contents

Statements of Operations (concluded)

WisdomTree International Dividend and Sector Funds

For the Period Ended March 31, 2014

 

  

 

 

     WisdomTree
China Dividend
ex-Financials
Fund
    WisdomTree
United Kingdom
Hedged
Equity Fund3
    WisdomTree
Japan Hedged
SmallCap
Equity Fund3
    WisdomTree
Emerging
Markets
Dividend
Growth Fund4
    WisdomTree
Emerging
Markets
Consumer
Growth Fund5
    WisdomTree
Germany
Hedged
Equity  Fund6
    WisdomTree
Korea
Hedged
Equity  Fund7
 

INVESTMENT INCOME:

             

Dividends1

  $ 842,891      $ 1,359,316      $ 844,176      $ 280,144      $ 123,478      $ 14,700      $ 21,775   

Securities lending income (Note 2)

    15,099        966        3,562        3,485        1,070        1,029          

Total investment income

    857,990        1,360,282        847,738        283,629        124,548        15,729        21,775   

EXPENSES:

             

Advisory fees (Note 3)

    159,501        87,526        147,559        67,098        37,530        15,604        10,344   

Service fees (Note 2)

    1,114        802        1,119        469        262        143        79   

Total expenses

    160,615        88,328        148,678        67,567        37,792        15,747        10,423   

Net investment income (loss)

    697,375        1,271,954        699,060        216,062        86,756        (18     11,352   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

             

Net realized gain (loss) from:

             

Investment transactions

    (982,497     (123,728     (334,024     (85,188     (28,371     9,769        (105,859

In-kind redemptions

    (103,614     1,438,008        853,536                               

Forward foreign currency contracts and foreign currency related transactions

    (1,462     (2,521,419     135,111        6,452        (491     (179,541     (36,073

Net realized gain (loss)

    (1,087,573     (1,207,139     654,623        (78,736     (28,862     (169,772     (141,932

Net change in unrealized appreciation (depreciation) from:

             

Investment transactions2

    (754,713     723,191        (1,009,970     209,204        188,120        602,988        57,519   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    1        120,335        620,111        374        644        19,704        (31,742

Net change in unrealized appreciation (depreciation)

    (754,712     843,526        (389,859     209,578        188,764        622,692        25,777   

Net realized and unrealized gain (loss) on investments

    (1,842,285     (363,613     264,764        130,842        159,902        452,920        (116,155

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ (1,144,910   $ 908,341      $ 963,824      $ 346,904      $ 246,658      $ 452,902      $ (104,803
1

Net of foreign withholding tax of $71,104, $462, $90,827, $32,293, $14,556, $2,402 and $4,308, respectively.

 

2 

Net of capital gains tax of $0, $0, $0, $0, $10,535, $0 and $0, respectively.

 

3

For the period June 28, 2013 (commencement of operations) through March 31, 2014.

 

4 

For the period August 1, 2013 (commencement of operations) through March 31, 2014.

 

5 

For the period September 27, 2013 (commencement of operations) through March 31, 2014.

 

6 

For the period October 17, 2013 (commencement of operations) through March 31, 2014.

 

7 

For the period November 7, 2013 (commencement of operations) through March 31, 2014.

 

See Notes to Financial Statements.

 

150   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Changes in Net Assets

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

     WisdomTree
DEFA Fund
    WisdomTree
DEFA Equity Income Fund
    WisdomTree
Global Equity Income Fund
 
     For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 22,496,387      $ 15,224,960      $ 14,596,110      $ 8,040,353      $ 5,216,677      $ 3,754,788   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    2,902,130        (15,769,595     (1,730,113     (14,510,149     (4,113,299     (2,670,677

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

    63,516,879        46,566,868        36,323,278        26,720,238        12,797,532        8,347,136   

Net increase (decrease) in net assets resulting from operations

    88,915,396        46,022,233        49,189,275        20,250,442        13,900,910        9,431,247   

DIVIDENDS:

           

Net investment income

    (22,732,659     (15,025,057     (14,535,126     (7,776,245     (5,168,178     (3,714,651

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    56,738,559        68,901,531        61,088,169        20,726,716        11,320,726        6,452,418   

Cost of shares redeemed

    (12,340,781     (26,493,980                            

Net increase (decrease) in net assets resulting from capital share transactions

    44,397,778        42,407,551        61,088,169        20,726,716        11,320,726        6,452,418   

Net Increase (Decrease) in Net Assets

    110,580,515        73,404,727        95,742,318        33,200,913        20,053,458        12,169,014   

NET ASSETS:

           

Beginning of period

  $ 458,607,143      $ 385,202,416      $ 209,010,394      $ 175,809,481      $ 103,473,043      $ 91,304,029   

End of period

  $ 569,187,658      $ 458,607,143      $ 304,752,712      $ 209,010,394      $ 123,526,501      $ 103,473,043   

Undistributed net investment income included in net assets at end of period

  $ 1,499,228      $ 1,552,543      $ 646,092      $ 548,486      $ 256,630      $ 203,710   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    9,600,000        8,650,000        5,050,000        4,550,000        2,350,000        2,200,000   

Shares created

    1,100,000        1,550,000        1,350,000        500,000        250,000        150,000   

Shares redeemed

    (250,000     (600,000                            

Shares outstanding, end of period

    10,450,000        9,600,000        6,400,000        5,050,000        2,600,000        2,350,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      151   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

     WisdomTree
Europe SmallCap Dividend Fund
    WisdomTree
Japan Hedged Equity Fund
    WisdomTree
Global ex-U.S. Dividend Growth Fund
 
     For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 5,150,464      $ 1,156,365      $ 196,120,260      $ 52,861,194      $ 1,879,048      $ 1,817,208   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    11,160,520        (1,523,990     789,092,915        127,626,884        (1,376,995     (7,366,301

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

    139,859,136        3,865,689        (290,739,334     312,504,890        (135,134     8,254,056   

Net increase (decrease) in net assets resulting from operations

    156,170,120        3,498,064        694,473,841        492,992,968        366,919        2,704,963   

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (3,161,594     (1,076,479     (143,145,142     (13,375,411     (1,834,214     (1,788,342

Capital gains

                  (153,506,590                     

Total dividends and distributions

    (3,161,594     (1,076,479     (296,651,732     (13,375,411     (1,834,214     (1,788,342

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    1,237,151,944        29,785,014        8,779,979,328        4,678,791,825        4,797,457        36,131,419   

Cost of shares redeemed

    (4,163,918            (3,368,610,295     (132,483,552     (29,295,190     (4,845,560

Net increase (decrease) in net assets resulting from capital share transactions

    1,232,988,026        29,785,014        5,411,369,033        4,546,308,273        (24,497,733     31,285,859   

Net Increase (Decrease) in Net Assets

    1,385,996,552        32,206,599        5,809,191,142        5,025,925,830        (25,965,028     32,202,480   

NET ASSETS:

           

Beginning of period

  $ 60,874,478      $ 28,667,879      $ 5,632,632,592      $ 606,706,762      $ 87,976,614      $ 55,774,134   

End of period

  $ 1,446,871,030      $ 60,874,478      $ 11,441,823,734      $ 5,632,632,592      $ 62,011,586      $ 87,976,614   

Undistributed net investment income included in net assets at end of period

  $ 2,903,216      $ 311,362      $ 116,301,672      $ 51,853,913      $ 166,028      $ 80,764   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    1,450,000        750,000        131,150,000        16,550,000        1,700,000        1,100,000   

Shares created

    21,900,000        700,000        183,100,000        118,700,000        100,000        700,000   

Shares redeemed

    (100,000            (73,350,000     (4,100,000     (600,000     (100,000

Shares outstanding, end of period

    23,250,000        1,450,000        240,900,000        131,150,000        1,200,000        1,700,000   

 

See Notes to Financial Statements.

 

152   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

      WisdomTree
Japan SmallCap Dividend Fund
     WisdomTree
Asia Pacific ex-Japan Fund
     WisdomTree
Australia Dividend Fund
 
      For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

              

Net investment income

   $ 3,911,071       $ 3,098,521       $ 2,529,926       $ 3,120,306       $ 2,393,944       $ 3,109,212   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     3,127,611         7,599,553         485,059         (1,584,715      909,079         (2,289,921

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

     2,015,912         4,856,594         (5,832,833      7,566,337         (5,139,781      12,647,612   

Net increase (decrease) in net assets resulting from operations

     9,054,594         15,554,668         (2,817,848      9,101,928         (1,836,758      13,466,903   

DIVIDENDS:

                 

Net investment income

     (5,814,634      (4,026,669      (2,489,523      (3,102,604      (2,462,154      (3,153,173

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

     154,225,915         33,483,539                 10,063,418                 11,163,124   

Cost of shares redeemed

     (66,274,021      (45,269,085      (38,300,577      (9,548,589      (17,756,703      (5,739,510

Net increase (decrease) in net assets resulting from capital share transactions

     87,951,894         (11,785,546      (38,300,577      514,829         (17,756,703      5,423,614   

Net Increase (Decrease) in Net Assets

     91,191,854         (257,547      (43,607,948      6,514,153         (22,055,615      15,737,344   

NET ASSETS:

                 

Beginning of period

   $ 192,914,166       $ 193,171,713       $ 96,186,587       $ 89,672,434       $ 77,193,179       $ 61,455,835   

End of period

   $ 284,106,020       $ 192,914,166       $ 52,578,639       $ 96,186,587       $ 55,137,564       $ 77,193,179   

Undistributed net investment income included in net assets at end of period

   $ 2,322,594       $ 3,074,610       $ 23,148       $ 17,900       $ 29,189       $ 85,220   

SHARES CREATED AND REDEEMED:

                 

Shares outstanding, beginning of period

     3,950,000         4,250,000         1,400,000         1,400,000         1,200,000         1,100,000   

Shares created

     3,100,000         750,000                 150,000                 200,000   

Shares redeemed

     (1,400,000      (1,050,000      (600,000      (150,000      (300,000      (100,000

Shares outstanding, end of period

     5,650,000         3,950,000         800,000         1,400,000         900,000         1,200,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      153   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

      WisdomTree
International LargeCap Dividend Fund
     WisdomTree
International Dividend ex-Financials  Fund
     WisdomTree
International MidCap Dividend Fund
 
      For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

              

Net investment income

   $ 12,366,635       $ 6,832,369       $ 15,886,146       $ 15,399,840       $ 4,245,060       $ 3,256,826   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     (6,416,407      (9,531,067      21,759,028         (31,196,689      1,807,862         (8,775,781

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

     36,792,415         22,860,660         31,939,259         34,215,767         17,484,914         16,266,194   

Net increase (decrease) in net assets resulting from operations

     42,742,643         20,161,962         69,584,433         18,418,918         23,537,836         10,747,239   

DIVIDENDS:

                 

Net investment income

     (12,150,590      (6,637,277      (15,909,125      (15,069,853      (4,342,219      (3,330,617

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

     74,143,503         29,763,093                 9,674,992         2,817,029         10,294,211   

Cost of shares redeemed

                     (53,811,313      (19,334,301              (4,464,240

Net increase (decrease) in net assets resulting from capital share transactions

     74,143,503         29,763,093         (53,811,313      (9,659,309      2,817,029         5,829,971   

Net Increase (Decrease) in Net Assets

     104,735,556         43,287,778         (136,005      (6,310,244      22,012,646         13,246,593   

NET ASSETS:

                 

Beginning of period

   $ 210,540,930       $ 167,253,152       $ 349,681,496       $ 355,991,740       $ 119,069,224       $ 105,822,631   

End of period

   $ 315,276,486       $ 210,540,930       $ 349,545,491       $ 349,681,496       $ 141,081,870       $ 119,069,224   

Undistributed net investment income included in net assets at end of period

   $ 696,213       $ 494,609       $ 754,395       $ 701,664       $ 411,974       $ 473,831   

SHARES CREATED AND REDEEMED:

                 

Shares outstanding, beginning of period

     4,600,000         3,900,000         8,300,000         8,550,000         2,300,000         2,200,000   

Shares created

     1,500,000         700,000                 250,000         50,000         200,000   

Shares redeemed

                     (1,200,000      (500,000              (100,000

Shares outstanding, end of period

     6,100,000         4,600,000         7,100,000         8,300,000         2,350,000         2,300,000   

 

See Notes to Financial Statements.

 

154   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

     WisdomTree
International SmallCap Dividend Fund
    WisdomTree
Emerging Markets Equity Income Fund
    WisdomTree
Emerging Markets SmallCap Dividend Fund
 
     For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 22,483,302      $ 16,378,442      $ 205,421,038      $ 143,815,450      $ 49,362,809      $ 26,832,572   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    26,658,982        1,449,817        (286,034,186     (198,539,332     (55,875,271     (89,908,635

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

    91,458,437        57,326,071        (311,092,877     45,919,467        (86,026,596     186,822,194   

Net increase (decrease) in net assets resulting from operations

    140,600,721        75,154,330        (391,706,025     (8,804,415     (92,539,058     123,746,131   

DIVIDENDS:

           

Net investment income

    (27,535,002     (16,696,307     (205,548,331     (143,743,128     (54,318,601     (32,701,228

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    248,798,670        86,110,599        673,784,277        2,268,561,851        593,919,699        515,049,890   

Cost of shares redeemed

           (6,700,141     (1,662,744,077     (281,836,720     (106,834,506     (154,863,364

Net increase (decrease) in net assets resulting from capital share transactions

    248,798,670        79,410,458        (988,959,800     1,986,725,131        487,085,193        360,186,526   

Net Increase (Decrease) in Net Assets

    361,864,389        137,868,481        (1,586,214,156     1,834,177,588        340,227,534        451,231,429   

NET ASSETS:

           

Beginning of period

  $ 562,132,824      $ 424,264,343      $ 5,475,068,361      $ 3,640,890,773      $ 1,474,099,001      $ 1,022,867,572   

End of period

  $ 923,997,213      $ 562,132,824      $ 3,888,854,205      $ 5,475,068,361      $ 1,814,326,535      $ 1,474,099,001   

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 4,022,356      $ 5,929,833      $ 7,748,713      $ 8,413,475      $ 1,932,638      $ 5,226,484   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    10,150,000        8,600,000        99,900,000        63,500,000        28,800,000        21,400,000   

Shares created

    4,100,000        1,700,000        13,300,000        41,900,000        12,600,000        11,000,000   

Shares redeemed

           (150,000     (34,200,000     (5,500,000     (2,300,000     (3,600,000

Shares outstanding, end of period

    14,250,000        10,150,000        79,000,000        99,900,000        39,100,000        28,800,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      155   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

     WisdomTree
Middle East Dividend Fund
    WisdomTree
Europe Hedged Equity Fund
    WisdomTree
Commodity Country Equity Fund
 
     For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 20131
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 1,664,031      $ 544,442      $ 11,907,904      $ 542,468      $ 842,377      $ 990,714   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    203,740        (31,094     (32,514,404     (76,854     (908,730     (582,093

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    7,294,584        448,734        88,263,625        3,796,481        (83,276     982,878   

Net increase (decrease) in net assets resulting from operations

    9,162,355        962,082        67,657,125        4,262,095        (149,629     1,391,499   

DIVIDENDS:

           

Net investment income

    (1,267,094     (643,257     (9,199,353     (518,343     (815,003     (1,000,096

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    31,324,349        1,623,047        940,909,066        159,985,470                 

Cost of shares redeemed

           (1,482,861     (103,574,788     (21,164,937     (1,512,206     (7,831,378

Net increase (decrease) in net assets resulting from capital share transactions

    31,324,349        140,186        837,334,278        138,820,533        (1,512,206     (7,831,378

Net Increase (Decrease) in Net Assets

    39,219,610        459,011        895,792,050        142,564,285        (2,476,838     (7,439,975

NET ASSETS:

           

Beginning of period

  $ 14,497,501      $ 14,038,490      $ 164,527,434      $ 21,963,149      $ 23,998,975      $ 31,438,950   

End of period

  $ 53,717,111      $ 14,497,501      $ 1,060,319,484      $ 164,527,434      $ 21,522,137      $ 23,998,975   

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 501,227      $ 53,461      $ 2,822,627      $ 36,480      $ 79,659      $ 57,766   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    900,000        900,000        3,300,000        500,000        750,000        1,000,000   

Shares created

    1,500,000        100,000        17,600,000        3,300,000                 

Shares redeemed

           (100,000     (2,100,000     (500,000     (50,000     (250,000

Shares outstanding, end of period

    2,400,000        900,000        18,800,000        3,300,000        700,000        750,000   
1 

This information reflects the investment objective and strategy of the WisdomTree International Hedged Equity Fund through August 29, 2012 and the investment objective and strategy of the WisdomTree Europe Hedged Equity Fund thereafter.

 

See Notes to Financial Statements.

 

156   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

     WisdomTree
Global Natural Resources Fund
    WisdomTree
Global ex-U.S. Utilities Fund
    WisdomTree
Global ex-U.S. Real Estate Fund
 
     For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
    For the
Period Ended
March 31, 2014
    For the
Period Ended
March 28, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 809,684      $ 938,938      $ 1,398,657      $ 1,365,460      $ 4,233,371      $ 3,683,067   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    (1,920,540     (2,475,504     (2,837,011     (2,057,691     444,958        (128,061

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    357,387        (614,534     5,329,144        361,623        (8,262,076     18,240,075   

Net increase (decrease) in net assets resulting from operations

    (753,469     (2,151,100     3,890,790        (330,608     (3,583,747     21,795,081   

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (785,058     (956,648     (1,422,728     (1,355,041     (4,770,599     (8,639,126

Return of capital

           (3,704                   (401,422       

Total dividends and distributions

    (785,058     (960,352     (1,422,728     (1,355,041     (5,172,021     (8,639,126

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

                  893,648        8,879,058        26,922,169        4,505,270   

Cost of shares redeemed

    (1,042,425     (3,376,742     (10,548,693            (4,073,300     (12,251,624

Net increase (decrease) in net assets resulting from capital share transactions

    (1,042,425     (3,376,742     (9,655,045     8,879,058        22,848,869        (7,746,354

Net Increase (Decrease) in Net Assets

    (2,580,952     (6,488,194     (7,186,983     7,193,409        14,093,101        5,409,601   

NET ASSETS:

           

Beginning of period

  $ 24,963,802      $ 31,451,996      $ 37,434,357      $ 30,240,948      $ 113,630,822      $ 108,221,221   

End of period

  $ 22,382,850      $ 24,963,802      $ 30,247,374      $ 37,434,357      $ 127,723,923      $ 113,630,822   

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 50,346      $ (419   $ 31,800      $ 60,759      $ (6,751,704   $ (7,214,396

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    1,100,000        1,250,000        2,100,000        1,600,000        3,800,000        4,100,000   

Shares created

                  50,000        500,000        950,000        150,000   

Shares redeemed

    (50,000     (150,000     (600,000            (150,000     (450,000

Shares outstanding, end of period

    1,050,000        1,100,000        1,550,000        2,100,000        4,600,000        3,800,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      157   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

     WisdomTree
China Dividend ex-Financials Fund
    WisdomTree
United Kingdom
Hedged
Equity Fund
    WisdomTree
Japan Hedged
SmallCap
Equity Fund
 
     For the
Period Ended
March 31, 2014
    For the Period
September 19, 20121
through
March 28, 2013
    For the Period
June 28,
20131
through
March 31,
2014
    For the Period
June 28,
20131
through
March 31,
2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

       

Net investment income (loss)

  $ 697,375      $ (74,553   $ 1,271,954      $ 699,060   

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    (1,087,573     (249     (1,207,139     654,623   

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (754,712     (431,672     843,526        (389,859

Net increase (decrease) in net assets resulting from operations

    (1,144,910     (506,474     908,341        963,824   

DIVIDENDS:

       

Net investment income

    (717,428            (1,253,723     (102,144

CAPITAL SHARE TRANSACTIONS:

       

Net proceeds from sale of shares

           36,837,756        43,463,008        80,715,953   

Cost of shares redeemed

    (17,073,389            (26,527,407     (5,963,970

Net increase (decrease) in net assets resulting from capital share transactions

    (17,073,389     36,837,756        16,935,601        74,751,983   

Net Increase (Decrease) in Net Assets

    (18,935,727     36,331,282        16,590,219        75,613,663   

NET ASSETS:

       

Beginning of period

  $ 36,331,382      $ 100      $ 100      $ 100   

End of period

  $ 17,395,655      $ 36,331,382      $ 16,590,319      $ 75,613,763   

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ (25,729   $      $ 35,758      $ 650,017   

Accumulated net investment loss included in net assets at end of period

           (51,302              

SHARES CREATED AND REDEEMED:

       

Shares outstanding, beginning of period

    700,002        2        4        4   

Shares created

           700,000        1,650,000        2,800,000   

Shares redeemed

    (350,002            (1,000,004     (200,004

Shares outstanding, end of period

    350,000        700,002        650,000        2,600,000   
1 

Commencement of operations.

 

See Notes to Financial Statements.

 

158   WisdomTree International Dividend and Sector Funds


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

      WisdomTree
Emerging Markets
Dividend Growth
Fund
     WisdomTree
Emerging Markets
Consumer Growth
Fund
     WisdomTree
Germany Hedged
Equity Fund
     WisdomTree
Korea Hedged
Equity Fund
 
      For the Period
August 1, 20131
through
March 31, 2014
     For the Period
September 27, 20131
through
March 31, 2014
     For the Period
October 17, 20131
through
March 31, 2014
     For the Period
November 7, 20131
through
March 31, 2014
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

           

Net investment income (loss)

   $ 216,062       $ 86,756       $ (18    $ 11,352   

Net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (78,736      (28,862      (169,772      (141,932

Net change in unrealized appreciation on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     209,578         188,764         622,692         25,777   

Net increase (decrease) in net assets resulting from operations

     346,904         246,658         452,902         (104,803

DIVIDENDS:

           

Net investment income

     (158,839      (42,861              (23,127

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

     19,751,405         19,443,684         8,989,957         8,279,040   

Cost of shares redeemed

     (96      (94      (105      (91

Net increase in net assets resulting from capital share transactions

     19,751,309         19,443,590         8,989,852         8,278,949   

Net Increase in Net Assets

     19,939,374         19,647,387         9,442,754         8,151,019   

NET ASSETS:

           

Beginning of period

   $ 100       $ 100       $ 100       $ 100   

End of period

   $ 19,939,474       $ 19,647,487       $ 9,442,854       $ 8,151,119   

Undistributed net investment income included in net assets at end of period

   $ 64,853       $ 54,931       $       $ 15,672   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

     4         4         4         4   

Shares created

     800,000         800,000         350,000         350,000   

Shares redeemed

     (4      (4      (4      (4

Shares outstanding, end of period

     800,000         800,000         350,000         350,000   
1 

Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      159   


Table of Contents

Financial Highlights

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree DEFA Fund    For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 47.77       $ 44.53       $ 49.51       $ 46.13       $ 32.00   

Investment operations:

              

Net investment income1

     2.27         1.63         1.90         1.58         2.00   

Net realized and unrealized gain (loss)

     6.72         3.22         (4.99      3.39         14.24   

Total from investment operations

     8.99         4.85         (3.09      4.97         16.24   

Dividends to shareholders:

              

Net investment income

     (2.29      (1.61      (1.89      (1.59      (2.11

Net asset value, end of year or period

   $ 54.47       $ 47.77       $ 44.53       $ 49.51       $ 46.13   

TOTAL RETURN2

     19.43      11.42      (6.18 )%       11.33      51.43

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 569,188       $ 458,607       $ 385,202       $ 457,997       $ 435,906   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.48 %4       0.48 %4       0.48      0.48      0.19 %* 

Expenses, prior to expense waivers

     0.48 %4       0.48 %4       0.48      0.48      0.48

Net investment income

     4.41 %4       3.75 %4       4.22      3.50      4.63

Portfolio turnover rate5

     21      20      27      30      97

 

           
WisdomTree DEFA Equity Income
Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 41.39       $ 38.64       $ 43.82       $ 41.85       $ 28.43   

Investment operations:

              

Net investment income1

     2.57         1.74         1.90         1.75         1.56   

Net realized and unrealized gain (loss)

     6.14         2.70         (5.17      2.01         13.44   

Total from investment operations

     8.71         4.44         (3.27      3.76         15.00   

Dividends to shareholders:

              

Net investment income

     (2.48      (1.69      (1.91      (1.79      (1.58

Net asset value, end of year or period

   $ 47.62       $ 41.39       $ 38.64       $ 43.82       $ 41.85   

TOTAL RETURN2

     21.82      12.08      (7.45 )%       9.74      53.57

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 304,753       $ 209,010       $ 175,809       $ 131,454       $ 142,297   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.58 %4       0.58 %4       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %4       0.58 %4       0.58      0.58      0.58

Net investment income

     5.71 %4       4.58 %4       4.84      4.39      3.91

Portfolio turnover rate5

     26      31      32      34      36
* Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when Fund operated as a “funds of funds”.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund Invests.

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

160   WisdomTree International Dividend and Sector Funds


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global Equity Income
Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 20101
 

Net asset value, beginning of year or period

   $ 44.03       $ 41.50       $ 44.66       $ 40.99       $ 26.84   

Investment operations:

              

Net investment income2

     2.11         1.68         1.86         1.52         2.07   

Net realized and unrealized gain (loss)

     3.46         2.51         (3.14      3.63         14.28   

Total from investment operations

     5.57         4.19         (1.28      5.15         16.35   

Dividends to shareholders:

              

Net investment income

     (2.09      (1.66      (1.88      (1.48      (2.20

Net asset value, end of year or period

   $ 47.51       $ 44.03       $ 41.50       $ 44.66       $ 40.99   

TOTAL RETURN3

     13.13      10.51      (2.70 )%       13.12      62.13

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 123,527       $ 103,473       $ 91,304       $ 78,147       $ 43,042   

Ratios to average net assets4 of:

              

Expenses, net of expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.26 %* 

Expenses, prior to expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Net investment income

     4.60 %5       4.10 %5       4.53      3.74      5.49

Portfolio turnover rate6

     25      32      25      35      94

 

           
WisdomTree Europe SmallCap
Dividend Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 41.98       $ 38.22       $ 44.44       $ 37.62       $ 22.44   

Investment operations:

              

Net investment income2

     0.73         1.32         1.44         1.09         0.99   

Net realized and unrealized gain (loss)

     20.90         3.82         (5.74      6.85         15.37   

Total from investment operations

     21.63         5.14         (4.30      7.94         16.36   

Dividends to shareholders:

              

Net investment income

     (1.38      (1.38      (1.92      (1.12      (1.18

Net asset value, end of year or period

   $ 62.23       $ 41.98       $ 38.22       $ 44.44       $ 37.62   

TOTAL RETURN3

     53.06      14.33      (9.80 )%       21.86      74.18

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 1,446,871       $ 60,874       $ 28,668       $ 28,889       $ 30,095   

Ratios to average net assets4 of:

              

Expenses, net of expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Net investment income

     1.29 %5       3.52 %5       3.79      2.81      2.92

Portfolio turnover rate6

     24      48      58      60      55
* Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when Fund operated as a “funds of funds”.

 

1 

This information reflects the investment objective and strategy of the WisdomTree Europe Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree Global Equity Income Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests.

 

5 

Annualized.

 

6 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      161   


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan Hedged Equity
Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 42.95       $ 36.66       $ 36.94       $ 42.12       $ 32.02   

Investment operations:

              

Net investment income2

     0.88         1.54         0.81         1.79         0.73   

Net realized and unrealized gain (loss)

     4.91         5.30         (0.34      (6.52      9.89   

Total from investment operations

     5.79         6.84         0.47         (4.73      10.62   

Dividends and distributions to shareholders:

              

Net investment income

     (0.62      (0.55      (0.75      (0.45      (0.52

Capital gains

     (0.62                                

Total dividends and distributions to shareholders

     (1.24      (0.55      (0.75      (0.45      (0.52

Net asset value, end of year or period

   $ 47.50       $ 42.95       $ 36.66       $ 36.94       $ 42.12   

TOTAL RETURN3

     13.48      19.12      1.46      (11.25 )%       33.33

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 11,441,824       $ 5,632,633       $ 606,707       $ 494,981       $ 54,751   

Ratios to average net assets7 of:

              

Expenses, net of expense waivers

     0.48 %6       0.48 %6       0.48      0.48      0.48

Expenses, prior to expense waivers

     0.48 %6       0.48 %6       0.48      0.48      0.48

Net investment income

     1.84 %6       4.22 %6       2.41      5.40      1.72

Portfolio turnover rate5

     24      36      41      28      13

 

           
WisdomTree Global ex-U.S. Dividend
Growth Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 20101
 

Net asset value, beginning of year or period

   $ 51.75       $ 50.70       $ 54.94       $ 49.61       $ 35.41   

Investment operations:

              

Net investment income2

     1.38         1.34         1.39         1.41         1.11   

Net realized and unrealized gain (loss)

     (0.19      1.08         (4.32      5.22         14.94   

Total from investment operations

     1.19         2.42         (2.93      6.63         16.05   

Dividends to shareholders:

              

Net investment income

     (1.26      (1.37      (1.31      (1.30      (1.85

Net asset value, end of year or period

   $ 51.68       $ 51.75       $ 50.70       $ 54.94       $ 49.61   

TOTAL RETURN3

     2.53      5.03      (5.20 )%       13.67      46.04

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 62,012       $ 87,977       $ 55,774       $ 49,446       $ 24,805   

Ratios to average net assets7 of:

              

Expenses, net of expense waivers

     0.58 %6       0.58 %6       0.58 %4       0.57 %4       0.58 %4 

Expenses, prior to expense waivers

     0.58 %6       0.58 %6       0.58      0.58      0.58

Net investment income

     2.73 %6       2.72 %6       2.73      2.80      2.54

Portfolio turnover rate5

     93      59      28      68      121
1 

This information reflects the investment objective and strategy of the WisdomTree World ex-U.S. Growth Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global ex-U.S. Dividend Growth Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

4 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the WisdomTree India Earnings Fund that were paid indirectly by the Fund. The Fund invests a portion of its assets in the WisdomTree India Earnings Fund in order to achieve exposure to securities in India.

 

5 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

6 

Annualized.

 

7 

The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests.

 

See Notes to Financial Statements.

 

162   WisdomTree International Dividend and Sector Funds


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan SmallCap
Dividend Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 48.84       $ 45.45       $ 43.25       $ 41.54       $ 31.47   

Investment operations:

              

Net investment income1

     0.72         0.78         0.68         0.99         0.79   

Net realized and unrealized gain

     1.84         3.58         2.42         1.47         9.96   

Total from investment operations

     2.56         4.36         3.10         2.46         10.75   

Dividends to shareholders:

              

Net investment income

     (1.12      (0.97      (0.90      (0.75      (0.68

Net asset value, end of year or period

   $ 50.28       $ 48.84       $ 45.45       $ 43.25       $ 41.54   

TOTAL RETURN2

     5.41      9.97      7.36      6.02      34.37

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 284,106       $ 192,914       $ 193,172       $ 235,685       $ 157,850   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.58 %4       0.58 %4       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %4       0.58 %4       0.58      0.58      0.58

Net investment income

     1.44 %4       1.84 %4       1.58      2.51      2.09

Portfolio turnover rate5

     21      41      36      39      45
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

3 

The ratio to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests.

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      163   


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Asia Pacific ex-Japan
Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 20121
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 68.70       $ 64.05       $ 67.99       $ 61.40       $ 37.09   

Investment operations:

              

Net investment income2

     2.25         2.27         2.14         2.51         1.79   

Net realized and unrealized gain (loss)

     (3.01      4.65         (3.85      6.59         24.23   

Total from investment operations

     (0.76      6.92         (1.71      9.10         26.02   

Dividends to shareholders:

              

Net investment income

     (2.22      (2.27      (2.23      (2.51      (1.71

Net asset value, end of year or period

   $ 65.72       $ 68.70       $ 64.05       $ 67.99       $ 61.40   

TOTAL RETURN3

     (0.98 )%       11.18      (2.22 )%       15.33      70.97

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 52,579       $ 96,187       $ 89,672       $ 88,388       $ 89,033   

Ratios to average net assets5 of:

              

Expenses, net of expense waivers

     0.48 %4       0.48 %4       0.48      0.48      0.48

Expenses, prior to expense waivers

     0.48 %4       0.48 %4       0.48      0.48      0.48

Net investment income

     3.35 %4       3.53 %4       3.42      4.05      3.11

Portfolio turnover rate6

     21      26      60      27      18

 

           
WisdomTree Australia Dividend
Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 20127
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 64.33       $ 55.87       $ 61.64       $ 57.24       $ 30.80   

Investment operations:

              

Net investment income2

     2.32         2.60         2.87         2.99         2.23   

Net realized and unrealized gain (loss)

     (2.81      8.44         (5.48      4.62         26.27   

Total from investment operations

     (0.49      11.04         (2.61      7.61         28.50   

Dividends to shareholders:

              

Net investment income

     (2.58      (2.58      (3.16      (3.21      (2.06

Net asset value, end of year or period

   $ 61.26       $ 64.33       $ 55.87       $ 61.64       $ 57.24   

TOTAL RETURN3

     (0.59 )%       20.49      (3.86 )%       14.03      93.79

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 55,138       $ 77,193       $ 61,456       $ 80,137       $ 117,339   

Ratios to average net assets5 of:

              

Expenses, net of expense waivers

     0.58 %4       0.58 %4       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %4       0.58 %4       0.58      0.58      0.58

Net investment income

     3.86 %4       4.71 %4       5.18      5.42      4.25

Portfolio turnover rate6

     27      31      68      46      25
1 

This information reflects the investment objective and strategy of the WisdomTree Pacific ex-Japan Total Dividend Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Asia Pacific ex-Japan Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

4 

Annualized.

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests.

 

6 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

7 

This information reflects the investment objective and strategy of the WisdomTree Pacific ex-Japan Equity Income Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Australia Dividend Fund thereafter.

 

See Notes to Financial Statements.

 

164   WisdomTree International Dividend and Sector Funds


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International LargeCap
Dividend Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 45.77       $ 42.89       $ 47.68       $ 45.34       $ 31.57   

Investment operations:

              

Net investment income2

     2.35         1.59         1.86         1.56         1.50   

Net realized and unrealized gain (loss)

     5.79         2.84         (4.75      2.37         13.91   

Total from investment operations

     8.14         4.43         (2.89      3.93         15.41   

Dividends to shareholders:

              

Net investment income

     (2.23      (1.55      (1.90      (1.59      (1.64

Net asset value, end of year or period

   $ 51.68       $ 45.77       $ 42.89       $ 47.68       $ 45.34   

TOTAL RETURN3

     18.35      10.80      (6.02 )%       9.21      49.56

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 315,276       $ 210,541       $ 167,253       $ 164,489       $ 149,624   

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.48 %4       0.48 %4       0.48      0.48      0.48

Expenses, prior to expense waivers

     0.48 %4       0.48 %4       0.48      0.48      0.48

Net investment income

     4.77 %4       3.77 %4       4.34      3.56      3.54

Portfolio turnover rate5

     15      19      23      22      26

 

           
WisdomTree International Dividend
ex-Financials Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 20101
 

Net asset value, beginning of year or period

   $ 42.13       $ 41.64       $ 46.85       $ 42.69       $ 28.46   

Investment operations:

              

Net investment income2

     2.06         1.82         1.74         1.83         1.50   

Net realized and unrealized gain (loss)

     7.11         0.45         (5.11      4.21         14.24   

Total from investment operations

     9.17         2.27         (3.37      6.04         15.74   

Dividends to shareholders:

              

Net investment income

     (2.07      (1.78      (1.84      (1.88      (1.51

Net asset value, end of year or period

   $ 49.23       $ 42.13       $ 41.64       $ 46.85       $ 42.69   

TOTAL RETURN3

     22.58      5.98      (7.24 )%       14.93      56.27

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 349,545       $ 349,681       $ 355,992       $ 149,929       $ 164,338   

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.58 %4       0.58 %4       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %4       0.58 %4       0.58      0.58      0.58

Net investment income

     4.54 %4       4.58 %4       4.20      4.30      3.81

Portfolio turnover rate5

     36      50      28      52      69
1 

This information reflects the investment objective and strategy of the WisdomTree International Dividend Top 100 Fund through May 8, 2009 and the investment objective and strategy of the WisdomTree International Dividend ex-Financials Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      165   


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International MidCap
Dividend Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 51.77       $ 48.10       $ 53.80       $ 48.69       $ 31.55   

Investment operations:

              

Net investment income1

     1.83         1.51         1.79         1.53         1.26   

Net realized and unrealized gain (loss)

     8.31         3.68         (5.69      5.19         17.27   

Total from investment operations

     10.14         5.19         (3.90      6.72         18.53   

Dividends to shareholders:

              

Net investment income

     (1.88      (1.52      (1.80      (1.61      (1.39

Net asset value, end of year or period

   $ 60.03       $ 51.77       $ 48.10       $ 53.80       $ 48.69   

TOTAL RETURN2

     20.22      11.32      (7.21 )%       14.38      59.59

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 141,082       $ 119,069       $ 105,823       $ 156,006       $ 146,069   

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.58 %3       0.58 %3       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %3       0.58 %3       0.58      0.58      0.58

Net investment income

     3.27 %3       3.23 %3       3.69      3.14      2.88

Portfolio turnover rate4

     22      38      47      40      49

 

           
WisdomTree International
SmallCap Dividend Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 55.38       $ 49.33       $ 53.15       $ 46.98       $ 29.08   

Investment operations:

              

Net investment income1

     1.91         1.82         1.77         1.43         1.20   

Net realized and unrealized gain (loss)

     9.97         6.09         (3.66      6.14         17.91   

Total from investment operations

     11.88         7.91         (1.89      7.57         19.11   

Dividends to shareholders:

              

Net investment income

     (2.42      (1.86      (1.93      (1.40      (1.21

Net asset value, end of year or period

   $ 64.84       $ 55.38       $ 49.33       $ 53.15       $ 46.98   

TOTAL RETURN2

     22.26      16.78      (3.41 )%       16.64      66.50

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 923,997       $ 562,133       $ 424,264       $ 475,703       $ 429,870   

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.58 %3       0.58 %3       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %3       0.58 %3       0.58      0.58      0.58

Net investment income

     3.20 %3       3.76 %3       3.65      2.99      2.87

Portfolio turnover rate4

     42      56      52      55      63
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

166   WisdomTree International Dividend and Sector Funds


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets
Equity Income Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 54.81       $ 57.34       $ 60.51       $ 52.02       $ 31.11   

Investment operations:

              

Net investment income1

     2.16         1.78         2.25         1.89         1.48   

Net realized and unrealized gain (loss)

     (5.60      (2.50      (3.11      8.55         21.00   

Total from investment operations

     (3.44      (0.72      (0.86      10.44         22.48   

Dividends to shareholders:

              

Net investment income

     (2.14      (1.81      (2.31      (1.95      (1.57

Net asset value, end of year or period

   $ 49.23       $ 54.81       $ 57.34       $ 60.51       $ 52.02   

TOTAL RETURN2

     (6.22 )%       (1.05 )%       (1.03 )%       20.75      73.33

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 3,888,854       $ 5,475,068       $ 3,640,891       $ 1,325,257       $ 540,990   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.63 %4       0.63 %4       0.63      0.63      0.63

Expenses, prior to expense waivers

     0.63 %4       0.63 %4       0.63      0.63      0.63

Net investment income

     4.20 %4       3.32 %4       4.12      3.47      3.26

Portfolio turnover rate5

     39      47      37      33      44
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      167   


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets
SmallCap Dividend Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 51.18       $ 47.80       $ 53.30       $ 44.51       $ 24.62   

Investment operations:

              

Net investment income1

     1.40         1.15         1.47         1.32         1.02   

Net realized and unrealized gain (loss)

     (4.57      3.69         (5.31      8.86         20.00   

Total from investment operations

     (3.17      4.84         (3.84      10.18         21.02   

Dividends to shareholders:

              

Net investment income

     (1.61      (1.46      (1.66      (1.39      (1.13

Net asset value, end of year or period

   $ 46.40       $ 51.18       $ 47.80       $ 53.30       $ 44.51   

TOTAL RETURN2

     (6.08 )%       10.58      (6.88 )%       23.38      86.26

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 1,814,327       $ 1,474,099       $ 1,022,868       $ 927,463       $ 342,754   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.63 %4       0.63 %4       0.63 %5       0.63 %5       0.63 %5 

Expenses, prior to expense waivers

     0.63 %4       0.63 %4       0.63      0.63      0.63

Net investment income

     2.96 %4       2.49 %4       3.13      2.68      2.59

Portfolio turnover rate6

     26      44      53      35      38

 

           
WisdomTree Middle East Dividend
Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 16.11       $ 15.60       $ 16.31       $ 15.64       $ 12.13   

Investment operations:

              

Net investment income1

     1.28         0.63         0.83         0.68         0.53   

Net realized and unrealized gain (loss)

     5.71         0.59         (0.61      0.49         3.68   

Total from investment operations

     6.99         1.22         0.22         1.17         4.21   

Dividends to shareholders:

              

Net investment income

     (0.72      (0.71      (0.93      (0.50      (0.70

Net asset value, end of year or period

   $ 22.38       $ 16.11       $ 15.60       $ 16.31       $ 15.64   

TOTAL RETURN2

     44.12      8.46      1.35      7.95      35.25

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 53,717       $ 14,498       $ 14,038       $ 19,571       $ 12,515   

Ratios to average net assets3 of:

              

Expenses, net of expense waivers

     0.88 %4       0.88 %4       0.88      0.88      0.88

Expenses, prior to expense waivers

     0.88 %4       1.35 %4       1.83      2.17      1.30

Net investment income

     6.61 %4       4.26 %4       5.31      4.33      3.63

Portfolio turnover rate6

     26      52      37      50      96
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

Annualized.

 

5 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the WisdomTree India Earnings Fund that were paid indirectly by the Fund. The Fund invests a portion of its assets in the WisdomTree India Earnings Fund in order to acheve exposure to securities in India.

 

6 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

168   WisdomTree International Dividend and Sector Funds


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe Hedged
Equity Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013**
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 31, 2011
     For the Period
December 31, 2009*
through
March 31, 2010
 

Net asset value, beginning of year or period

   $ 49.86       $ 43.93       $ 47.61       $ 47.72       $ 46.92   

Investment operations:

              

Net investment income2

     1.31         0.89         1.73         1.43         0.29   

Net realized and unrealized gain (loss)

     6.35         5.96         (3.84      (0.02      0.64   

Total from investment operations

     7.66         6.85         (2.11      1.41         0.93   

Dividends and distributions to shareholders:

              

Net investment income

     (1.12      (0.92      (1.57      (1.52      (0.13

Capital gains

                                     (0.00 )3 

Total dividends and distributions to shareholders

     (1.12      (0.92      (1.57      (1.52      (0.13

Net asset value, end of year or period

   $ 56.40       $ 49.86       $ 43.93       $ 47.61       $ 47.72   

TOTAL RETURN4

     15.73      16.06      (4.41 )%       3.27      1.98

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 1,060,319       $ 164,527       $ 21,963       $ 21,425       $ 9,545   

Ratios to average net assets6 of:

              

Expenses, net of expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.47 %5,8 

Expenses, prior to expense waivers

     0.58 %5       0.73 %5       1.25      1.65      0.58 %5 

Net investment income

     2.43 %5       2.01 %5       3.99      3.11      2.53 %5 

Portfolio turnover rate7

     28      43      42      38      79

 

           
WisdomTree Commodity Country
Equity Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 20121
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 32.00       $ 31.44       $ 33.21       $ 28.90       $ 16.04   

Investment operations:

              

Net investment income2

     1.14         1.13         1.09         0.53         0.47   

Net realized and unrealized gain (loss)

     (1.29      0.56         (1.76      4.33         12.80   

Total from investment operations

     (0.15      1.69         (0.67      4.86         13.27   

Dividends to shareholders:

              

Net investment income

     (1.10      (1.13      (1.10      (0.55      (0.41

Net asset value, end of year or period

   $ 30.75       $ 32.00       $ 31.44       $ 33.21       $ 28.90   

TOTAL RETURN4

     (0.22 )%       5.72      (1.77 )%       17.31      83.44

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 21,522       $ 23,999       $ 31,439       $ 43,172       $ 49,137   

Ratios to average net assets6 of:

              

Expenses, net of expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Net investment income

     3.75 %5       3.71 %5       3.52      1.86      1.91

Portfolio turnover rate7

     23      22      116      35      25
* Commencement of operations.

 

** This information reflects the investment objective and strategy of the WisdomTree International Hedged Equity Fund through August 29, 2012 and the investment objective and strategy of the WisdomTree Europe Hedged Equity Fund thereafter.

 

1 

This information reflects the investment objective and strategy of the WisdomTree International Basic Materials Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Commodity Country Equity Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Amount is less than $0.005.

 

4 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

5 

Annualized.

 

6 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

7 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

8 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when the Fund operated as a “fund of funds”.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      169   


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global Natural
Resources Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 20121
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 22.69       $ 25.16       $ 29.86       $ 24.63       $ 18.61   

Investment operations:

              

Net investment income2

     0.74         0.80         0.93         0.72         0.80   

Net realized and unrealized gain (loss)

     (1.39      (2.45      (4.74      5.19         6.07   

Total from investment operations

     (0.65      (1.65      (3.81      5.91         6.87   

Dividends and distributions to shareholders:

              

Net investment income

     (0.72      (0.82      (0.89      (0.68      (0.85

Return of capital

             (0.00 )8                         

Total dividends and distributions to shareholders

     (0.72      (0.82      (0.89      (0.68      (0.85

Net asset value, end of year or period

   $ 21.32       $ 22.69       $ 25.16       $ 29.86       $ 24.63   

TOTAL RETURN3

     (2.72 )%       (6.55 )%       (12.70 )%       24.74      37.29

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 22,383       $ 24,964       $ 31,452       $ 49,273       $ 45,569   

Ratios to average net assets4 of:

              

Expenses, net of expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Net investment income

     3.45 %5       3.45 %5       3.54      2.90      3.36

Portfolio turnover rate6

     30      38      99      32      16

 

           
WisdomTree Global ex-U.S. Utilities
Fund
   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 20127
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 17.83       $ 18.90       $ 21.33       $ 21.46       $ 17.78   

Investment operations:

              

Net investment income2

     0.76         0.74         0.87         0.84         0.87   

Net realized and unrealized gain (loss)

     1.69         (1.07      (2.45      (0.06      3.77   

Total from investment operations

     2.45         (0.33      (1.58      0.78         4.64   

Dividends to shareholders:

              

Net investment income

     (0.77      (0.74      (0.85      (0.91      (0.96

Net asset value, end of year or period

   $ 19.51       $ 17.83       $ 18.90       $ 21.33       $ 21.46   

TOTAL RETURN3

     14.34      (1.54 )%       (7.41 )%       4.27      26.42

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 30,247       $ 37,434       $ 30,241       $ 37,335       $ 49,348   

Ratios to average net assets4 of:

              

Expenses, net of expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Net investment income

     4.18 %5       4.21 %5       4.48      4.22      4.17

Portfolio turnover rate6

     37      33      66      19      17
1 

This information reflects the investment objective and strategy of the WisdomTree International Energy Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global Natural Resources Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Annualized.

 

6 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

7 

This information reflects the investment objective and strategy of the WisdomTree International Utilities Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global ex-U.S. Utilities Fund thereafter.

 

8 

Amount is less than $0.005.

 

See Notes to Financial Statements.

 

170   WisdomTree International Dividend and Sector Funds


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global ex-U.S. Real
Estate Fund

   For the
Period Ended
March 31, 2014
     For the
Period Ended
March 28, 2013
     For the
Year Ended
March 31, 20121
     For the
Year Ended
March 31, 2011
     For the
Year Ended
March 31, 2010
 

Net asset value, beginning of year or period

   $ 29.90       $ 26.40       $ 28.86       $ 26.75       $ 16.92   

Investment operations:

              

Net investment income2

     0.96         0.97         1.15         0.96         0.96   

Net realized and unrealized gain (loss)

     (1.84      4.87         (2.32      3.83         11.39   

Total from investment operations

     (0.88      5.84         (1.17      4.79         12.35   

Dividends and distributions to shareholders:

              

Net investment income

     (1.17      (2.34      (1.21      (2.68      (2.52

Return of capital

     (0.08              (0.08                

Total dividends and distributions to shareholders

     (1.25      (2.34      (1.29      (2.68      (2.52

Net asset value, end of year or period

   $ 27.77       $ 29.90       $ 26.40       $ 28.86       $ 26.75   

TOTAL RETURN3

     (2.70 )%       22.62      (3.99 )%       18.81      74.20

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year or period (000’s omitted)

   $ 127,724       $ 113,631       $ 108,221       $ 122,670       $ 84,276   

Ratios to average net assets4 of:

              

Expenses, net of expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Expenses, prior to expense waivers

     0.58 %5       0.58 %5       0.58      0.58      0.58

Net investment income

     3.37 %5       3.42 %5       4.36      3.48      3.76

Portfolio turnover rate6

     18      23      43      18      19
1 

This information reflects the investment objective and strategy of the WisdomTree International Real Estate Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global ex-U.S. Real Estate Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been waived by the investment adviser (Note 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

Annualized.

 

6 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      171   


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree China Dividend ex-Financials Fund    For the
Period Ended
March 31, 2014
     For the Period
September 19, 2012*
through
March 28, 2013
 

Net asset value, beginning of period

   $ 51.90       $ 50.02   

Investment operations:

     

Net investment income (loss)1

     1.39         (0.14

Net realized and unrealized gain (loss)

     (2.15      2.02   

Total from investment operations

     (0.76      1.88   

Dividends to shareholders:

     

Net investment income

     (1.44        

Net asset value, end of period

   $ 49.70       $ 51.90   

TOTAL RETURN2

     (1.32 )%       3.76

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 17,396       $ 36,331   

Ratios to average net assets of:

     

Expenses

     0.63 %3       0.63 %3 

Net investment income (loss)

     2.75 %3       (0.51 )%3 

Portfolio turnover rate4

     21      0

 

   
WisdomTree United Kingdom Hedged Equity Fund    For the Period
June 28, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 24.99   

Investment operations:

  

Net investment income1

     1.40   

Net realized and unrealized gain

     0.91   

Total from investment operations

     2.31   

Dividends to shareholders:

  

Net investment income

     (1.78

Net asset value, end of period

   $ 25.52   

TOTAL RETURN2

     9.36

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 16,590   

Ratios to average net assets of:

  

Expenses

     0.48 %3 

Net investment income

     6.98 %3 

Portfolio turnover rate4

     12
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

172   WisdomTree International Dividend and Sector Funds


Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan Hedged SmallCap Equity Fund    For the Period
June 28, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 26.17   

Investment operations:

  

Net investment income1

     0.59   

Net realized and unrealized gain

     2.38   

Total from investment operations

     2.97   

Dividends to shareholders:

  

Net investment income

     (0.06

Net asset value, end of period

   $ 29.08   

TOTAL RETURN2

     11.37

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 75,614   

Ratios to average net assets of:

  

Expenses

     0.58 %3 

Net investment income

     2.75 %3 

Portfolio turnover rate4

     19

 

   
WisdomTree Emerging Markets Dividend Growth Fund    For the Period
August 1, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 25.22   

Investment operations:

  

Net investment income1

     0.33   

Net realized and unrealized loss

     (0.42

Total from investment operations

     (0.09

Dividends to shareholders:

  

Net investment income

     (0.21

Net asset value, end of period

   $ 24.92   

TOTAL RETURN2

     (0.33 )% 

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 19,939   

Ratios to average net assets of:

  

Expenses

     0.63 %3 

Net investment income

     2.03 %3 

Portfolio turnover rate4

     3
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Emerging Markets Consumer Growth Fund    For the Period
September 27, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 24.79   

Investment operations:

  

Net investment income1

     0.17   

Net realized and unrealized loss

     (0.33

Total from investment operations

     (0.16

Dividends to shareholders:

  

Net investment income

     (0.07

Net asset value, end of period

   $ 24.56   

TOTAL RETURN3

     (0.63 )% 

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 19,647   

Ratios to average net assets of:

  

Expenses

     0.63 %4 

Net investment income

     1.46 %4 

Portfolio turnover rate5

     7

 

   
WisdomTree Germany Hedged Equity Fund    For the Period
October 17, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 25.01   

Investment operations:

  

Net investment loss1

     (0.00 )2 

Net realized and unrealized gain

     1.97   

Total from investment operations

     1.97   

Net asset value, end of period

   $ 26.98   

TOTAL RETURN3

     7.88

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 9,443   

Ratios to average net assets of:

  

Expenses

     0.48 %4 

Net investment loss

     (0.00 )%4,6 

Portfolio turnover rate5

     4
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Amount is 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 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

6 

Amount is less than 0.005%.

 

See Notes to Financial Statements.

 

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Financial Highlights (concluded)

WisdomTree International Dividend and Sector Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Korea Hedged Equity Fund    For the Period
November 7, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 25.01   

Investment operations:

  

Net investment income1

     0.06   

Net realized and unrealized loss

     (1.55

Total from investment operations

     (1.49

Dividends to shareholders:

  

Net investment income

     (0.23

Net asset value, end of period

   $ 23.29   

TOTAL RETURN2

     (5.97 )% 

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 8,151   

Ratios to average net assets of:

  

Expenses

     0.58 %3 

Net investment income

     0.64 %3 

Portfolio turnover rate4

     37
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

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Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2014, the Trust offered 62 investment funds (each a “Fund,” collectively, the “Funds”). These notes and Financial Statements relate only to the Funds listed in the table below for the period March 29, 2013 through March 31, 2014 unless otherwise indicated:

 

Fund    Commencement of
Operations
 

WisdomTree DEFA Fund (“DEFA Fund”)

     June 16, 2006   

WisdomTree DEFA Equity Income Fund (“DEFA Equity Income Fund”)

     June 16, 2006   

WisdomTree Global Equity Income Fund (“Global Equity Income Fund”)

     June 16, 2006   

WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund”)

     June 16, 2006   

WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund”)

     June 16, 2006   

WisdomTree Global ex-U.S. Dividend Growth Fund (“Global ex-U.S. Dividend Growth Fund”)
(formerly, WisdomTree Global ex-U.S. Growth Fund)

     June 16, 2006   

WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund”)

     June 16, 2006   

WisdomTree Asia Pacific ex-Japan Fund (“Asia Pacific ex-Japan Fund”)

     June 16, 2006   

WisdomTree Australia Dividend Fund (“Australia Dividend Fund”)

     June 16, 2006   

WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund”)

     June 16, 2006   

WisdomTree International Dividend ex-Financials Fund (“International Dividend ex-Financials Fund”)

     June 16, 2006   

WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund”)

     June 16, 2006   

WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund”)

     June 16, 2006   

WisdomTree Emerging Markets Equity Income Fund (“Emerging Markets Equity Income Fund”)

     July 13, 2007   

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund”)

     October 30, 2007   

WisdomTree Middle East Dividend Fund (“Middle East Dividend Fund”)

     July 16, 2008   

WisdomTree Europe Hedged Equity Fund (“Europe Hedged Equity Fund”)

     December 31, 2009   

WisdomTree Commodity Country Equity Fund (“Commodity Country Equity Fund”)

     October 13, 2006   

WisdomTree Global Natural Resources Fund (“Global Natural Resources Fund”)

     October 13, 2006   

WisdomTree Global ex-U.S. Utilities Fund (“Global ex-U.S. Utilities Fund”)

     October 13, 2006   

WisdomTree Global ex-U.S. Real Estate Fund (“Global ex-U.S. Real Estate Fund”)

     June 5, 2007   

WisdomTree China Dividend ex-Financials Fund (“China Dividend ex-Financials Fund”)

     September 19, 2012   

WisdomTree United Kingdom Hedged Equity Fund (“United Kingdom Hedged Equity Fund”)

     June 28, 2013   

WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap Equtiy Fund”)

     June 28, 2013   

WisdomTree Emerging Markets Dividend Growth Fund (“Emerging Markets Dividend Growth Fund”)

     August 1, 2013   

WisdomTree Emerging Markets Consumer Growth Fund (“Emerging Markets Consumer Growth Fund”)

     September 27, 2013   

WisdomTree Germany Hedged Equity Fund (“Germany Hedged Equity Fund”)

     October 17, 2013   

WisdomTree Korea Hedged Equity Fund (“Korea Hedged Equity Fund”)

     November 7, 2013   

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered mark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.

In the normal course of business the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

 

176   WisdomTree International Dividend and Sector Funds


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Notes to Financial Statements (continued)

 

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees.

Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the exchange on which they are principally traded. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time for Europe and the Americas and Tullett Prebon closing spot and forward rates as of 2:00 p.m. Singapore time for Asia.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using fair value pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be fair valued. The Funds may rely on an independent fair valuation service in adjusting the valuations of foreign securities. When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes, 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

 

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Table of Contents

Notes to Financial Statements (continued)

 

amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Short-term investments having a maturity of 60 days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use valuation techniques and observable inputs as described above and have an appropriate level of activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee value may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

The following is a summary of the fair valuations according to inputs used as of March 31, 2014 in valuing each Fund’s assets:

 

DEFA Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 565,359,028       $       $   

Exchange-Traded Funds

     545,678                   

Rights

                          

Hong Kong

             15,951           

Portugal

                     1,319   

Spain

     73,127                   

Total

   $ 565,977,833       $ 15,951       $ 1,319   

 

DEFA Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Spain

   $ 20,067,441       $       $ 11,733   

Other*

     282,918,007                   

Exchange-Traded Funds

     89,234                   

Rights

                          

Hong Kong

             10,450           

Spain

     51,417                   

Total

   $ 303,126,099       $ 10,450       $ 11,733   

 

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Notes to Financial Statements (continued)

 

 

Global Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 122,890,872       $       $   

Rights

     6,714                   

Total

   $ 122,897,586       $       $   

 

Europe SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Spain

   $ 55,495,886       $       $ 14,346   

Other*

     1,376,024,204                   

Exchange-Traded Funds

     3,386,251                   

Total

     1,434,906,341               $ 14,346   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (8,424        

Total - Net

   $ 1,434,906,341       $ (8,424    $ 14,346   

 

Japan Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 11,298,513,697       $       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             115,601,360           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (13,824,742        

Total - Net

   $ 11,298,513,697       $ 101,776,618       $   

 

Global ex-U.S. Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 60,971,146       $       $   

Exchange-Traded Funds & Notes

     745,028                   

Total

   $ 61,716,174       $       $   

 

Japan SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 279,872,779       $       $   

Exchange-Traded Funds

     1,469,670                   

Total

   $ 281,342,449       $       $   

 

Asia Pacific ex-Japan Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 51,032,638       $       $   

Exchange-Traded Notes

     1,306,758                   

Rights

             588           

Total

   $ 52,339,396       $ 588       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

                       

Total - Net

   $ 52,339,396       $ 588       $   

 

Australia Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 54,578,210       $       $   

Total

   $ 54,578,210       $       $   

 

International LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 313,415,856       $       $   

Exchange-Traded Funds

     243,088                   

Rights

     30,744                   

Total

   $ 313,689,688       $       $   

 

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Table of Contents

Notes to Financial Statements (continued)

 

 

International Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 347,435,008       $       $   

Exchange-Traded Funds

     668,163                   

Total

   $ 348,103,171       $       $   

 

International MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 139,085,231       $       $   

Exchange-Traded Funds

     1,238,738                   

Rights

             20,247           

Total

   $ 140,323,969       $ 20,247       $   

 

International SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Australia

   $ 137,727,388       $       $ ** 

Hong Kong

     31,224,621                 873,399   

Spain

     8,747,255                 85,849   

Other*

     729,368,595                   

Exchange-Traded Funds

     6,198,112                   

Rights

                     126,137   

Investment of Cash Collateral for Securities Loaned

             90,000           

Total

     913,265,971         90,000         1,085,385   

Unrealized Depreciation on Forward Foreign Currency Contracts

             (1        

Total - Net

   $ 913,265,971       $ 89,999       $ 1,085,385   

 

Emerging Markets Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 3,870,345,892       $       $   

Warrants

     326,194                   

Investment of Cash Collateral for Securities Loaned

             2,286,181           

Total

     3,870,672,086         2,286,181           

Unrealized Appreciation on Forward Foreign Currency Contracts

             146           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (14,290        

Total - Net

   $ 3,870,672,086       $ 2,272,037       $   

 

Emerging Markets SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,783,270,635       $       $   

Exchange-Traded Funds & Notes

     22,535,048                   

Rights

                     ** 

Investment of Cash Collateral for Securities Loaned

             919,582           

Total

     1,805,805,683         919,582           

Unrealized Appreciation on Forward Foreign Currency Contracts

             7,900           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (23,009        

Total - Net

   $ 1,805,805,683       $ 904,473       $   

 

Middle East Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 52,988,743       $       $   

Convertible Bond

             12,813           

Total

   $ 52,988,743       $ 12,813       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

                       

Total - Net

   $ 52,988,743       $ 12,813       $   

 

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Europe Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,056,227,947       $       $   

Rights

     1,607,646                   

Total

     1,057,835,593                   

Unrealized Appreciation on Forward Foreign Currency Contracts

             2,174,006           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (167,233        

Total - Net

   $ 1,057,835,593       $ 2,006,773       $   

 

Commodity Country Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 21,371,609       $       $   

Exchange-Traded Funds & Notes

     11,058                   

Rights

             467           

Total

   $ 21,382,667       $ 467       $   

 

Global Natural Resources Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 22,143,040       $       $   

Exchange-Traded Funds

     181,819                   

Total

   $ 22,324,859       $       $   

 

Global ex-U.S. Utilities Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 29,885,565       $       $   

Exchange-Traded Notes

     267,621                   

Rights

             899           

Total

     30,153,186         899           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (1        

Total - Net

   $ 30,153,186       $ 898       $   

 

Global ex-U.S. Real Estate Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 126,810,798       $       $   

Exchange-Traded Funds

     312,524                   

Rights

                          

Hong Kong

             67,770           

United Kingdom

     91,084                   

Total

     127,214,406         67,770           

Unrealized Appreciation on Forward Foreign Currency Contracts

             2,465           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (497        

Total - Net

   $ 127,214,406       $ 69,738       $   

 

China Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 17,394,303       $       $   

Total

   $ 17,394,303       $       $   

 

United Kingdom Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 16,491,933       $       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             120,304           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (118        

Total - Net

   $ 16,491,933       $ 120,186       $   

 

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Table of Contents

Notes to Financial Statements (continued)

 

 

Japan Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 74,581,515       $       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             627,088           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (1,599        

Total - Net

   $ 74,581,515       $ 625,489       $   

 

Emerging Markets Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 19,349,593       $       $   

Exchange-Traded Notes

     511,535                   

Total

   $ 19,861,128       $       $   

 

Emerging Markets Consumer Growth Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Russia

   $ 311,170       $ 1,371       $   

Other*

     18,847,377                   

Preferred Stocks

     2,372                   

Exchange-Traded Notes

     400,158                   

Total

     19,561,077         1,371           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (29        

Total - Net

   $ 19,561,077       $ 1,342       $   

 

Germany Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 9,423,984       $       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             19,816           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (113        

Total - Net

   $ 9,423,984       $ 19,703       $   

 

Korea Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 8,148,117       $       $   

Unrealized Appreciation on Forward Foreign Currency Contracts

             9,583           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (41,524        

Total - Net

   $ 8,148,117       $ (31,941    $   
  * Please refer to Schedule of Investments for a breakdown of the valuation by industry type and country.

 

  ** Includes Level 3 security valued at $0. Security is being fair valued by the Pricing Committee under the direction of the Board of Trustees.

No transfers between Level 1 or Level 2 fair value measurements occurred during the fiscal year or period ended March 31, 2014. Transfers into Level 3 during the fiscal year or period ended March 31, 2014 occurred primarily due to the lack of observable market data. The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically forward foreign currency contracts for the year ended March 31, 2014 which are detailed in the tables herein. The Funds’ derivative agreements contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at March 31, 2014 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of

derivatives in net liability positions for each Fund, as disclosed on page 193. At March 31, 2014, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

The Funds listed below have invested in derivatives, specifically forward foreign currency contracts for the fiscal year or period ended March 31, 2014, which are detailed in the table herein. All of the derivative instruments disclosed and described herein are subject to

 

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Table of Contents

Notes to Financial Statements (continued)

 

credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the investment. Risks may arise upon entering into forward foreign currency contracts from the potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

The effect 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 SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
   $       Unrealized depreciation on
forward foreign currency contracts
   $ 8,424   

Japan Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     115,601,360       Unrealized depreciation on
forward foreign currency contracts
     13,824,742   

Asia Pacific ex-Japan Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
           Unrealized depreciation on
forward foreign currency contracts
       

International SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
           Unrealized depreciation on
forward foreign currency contracts
     1   

Emerging Markets Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     146       Unrealized depreciation on
forward foreign currency contracts
     14,290   

Emerging Markets SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     7,900       Unrealized depreciation on
forward foreign currency contracts
     23,009   

Middle East Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
           Unrealized depreciation on
forward foreign currency contracts
       

Europe Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     2,174,006       Unrealized depreciation on
forward foreign currency contracts
     167,233   

Global ex-U.S. Utilities Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
           Unrealized depreciation on
forward foreign currency contracts
     1   

Global ex-U.S. Real Estate Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     2,465       Unrealized depreciation on
forward foreign currency contracts
     497   

United Kingdom Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     120,304       Unrealized depreciation on
forward foreign currency contracts
     118   

Japan Hedged SmallCap Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     627,088       Unrealized depreciation on
forward foreign currency contracts
     1,599   

Emerging Markets Consumer Growth Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
           Unrealized depreciation on
forward foreign currency contracts
     29   

Germany Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     19,816       Unrealized depreciation on
forward foreign currency contracts
     113   

Korea Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on
forward foreign currency contracts
     9,583       Unrealized depreciation on
forward foreign currency contracts
     41,524   

 

WisdomTree International Dividend and Sector Funds      183   


Table of Contents

Notes to Financial Statements (continued)

 

The effect of such derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

Net realized and unrealized gains/losses associated with derivatives for the year or period ended March 31, 2014 are as follows:

 

Fund    Amount of Realized Gain or
(Loss) Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) Derivatives
Recognized2
 

DEFA Fund

     

Foreign exchange contracts

   $ (59,087    $ 563   

DEFA Equity Income Fund

     

Foreign exchange contracts

     (61,961      152   

Global Equity Income Fund

     

Foreign exchange contracts

     (27,279      298   

Europe SmallCap Dividend Fund

     

Foreign exchange contracts

     33,364         (8,424

Japan Hedged Equity Fund

     

Foreign exchange contracts

     624,889,895         36,596,589   

Global ex-U.S. Dividend Growth Fund

     

Foreign exchange contracts

     (163,005        

Japan SmallCap Dividend Fund

     

Foreign exchange contracts

     74,828         36   

Asia Pacific ex-Japan Fund

     

Foreign exchange contracts

     (22,543        

Australia Dividend Fund

     

Foreign exchange contracts

     1,208           

International LargeCap Dividend Fund

     

Foreign exchange contracts

     (102,339      339   

International Dividend ex-Financials Fund

     

Foreign exchange contracts

     (11,327      203   

International MidCap Dividend Fund

     

Foreign exchange contracts

     53,381         45   

International SmallCap Dividend Fund

     

Foreign exchange contracts

     679,695         3,065   

Emerging Markets Equity Income Fund

     

Foreign exchange contracts

     2,777,973         (15,855

Emerging Markets SmallCap Dividend Fund

     

Foreign exchange contracts

     686,360         (4,416

Middle East Dividend Fund

     

Foreign exchange contracts

     (29,478      133   

Europe Hedged Equity Fund

     

Foreign exchange contracts

     (29,599,023      1,448,672   

Commodity Country Equity Fund

     

Foreign exchange contracts

     7,870         21   

Global Natural Resources Fund

     

Foreign exchange contracts

     (26,558      (173

Global ex-U.S. Utilities Fund

     

Foreign exchange contracts

     14,211         (67

Global ex-U.S. Real Estate Fund

     

Foreign exchange contracts

     68,545         2,758   

China Dividend ex-Financials Fund

     

Foreign exchange contracts

     (2,205        

United Kingdom Hedged Equity Fund3

     

Foreign exchange contracts

     (2,541,392      120,186   

Japan Hedged SmallCap Equity Fund3

     

Foreign exchange contracts

     140,603         625,489   

Emerging Markets Dividend Growth Fund4

     

Foreign exchange contracts

     (16,015        

 

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Table of Contents

Notes to Financial Statements (continued)

 

Fund    Amount of Realized Gain or
(Loss) Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) Derivatives
Recognized2
 

Emerging Markets Consumer Growth Fund5

     

Foreign exchange contracts

   $ (8,752    $ (29

Germany Hedged Equity Fund6

     

Foreign exchange contracts

     (177,253      19,703   

Korea Hedged Equity Fund7

     

Foreign exchange contracts

     (31,835      (31,941

1     Realized gains (losses) on derivatives are located on the Statement of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions

 

2     Change in unrealized appreciation (depreciation) is located on the Statement of Operations as follows:

 

Foreign exchange contracts

   Net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies
  3 

For the period June 28, 2013 through March 31, 2014.

 

  4 

For the period August 1, 2013 through March 31, 2014.

 

  5 

For the period September 27, 2013 through March 31, 2014.

 

  6 

For the period October 17, 2013 through March 31, 2014.

 

  7 

For the period November 7, 2013 through March 31, 2014.

During the fiscal year or period ended March 31, 2014, the volume of derivative activity (based on the average of month-end balances) for the Funds was as follows:

 

      Average Notional  
Fund    Forward foreign
currency contracts
(to deliver)
     Forward foreign
currency contracts
(to receive)
 

DEFA Fund

     

Forward exchange contracts

   $ 274,371      $ 82,654   

DEFA Equity Income Fund

     

Forward exchange contracts

   $ 152,895      $ 85,054   

Global Equity Income Fund

     

Forward exchange contracts

   $ 63,043      $ 47,061   

Europe SmallCap Dividend Fund

     

Forward exchange contracts

   $ 268,550       $ 289,353   

Japan Hedged Equity Fund

     

Forward exchange contracts

   $ 5,903,617,585      $ 16,384,050,452   

Global ex-U.S. Dividend Growth Fund

     

Forward exchange contracts

   $ 17,468      $ 22,021   

Japan SmallCap Dividend Fund

     

Forward exchange contracts

   $ 3,553      $ 49,349   

Asia-Pacific ex-Japan Fund

     

Forward exchange contracts

   $       $ 13,162   

Australia Dividend Fund

     

Forward exchange contracts

   $       $ 3,573   

International LargeCap Dividend Fund

     

Forward exchange contracts

   $ 161,999      $ 117,398   

International Dividend ex-Financials Fund

     

Forward exchange contracts

   $ 129,429       $ 73,116   

International MidCap Dividend Fund

     

Forward exchange contracts

   $ 57,015       $ 23,716   

International SmallCap Dividend Fund

     

Forward exchange contracts

   $ 255,281      $ 314,119   

Emerging Markets Equity Income Fund

     

Forward exchange contracts

   $ 1,587,016      $ 3,365,689   

 

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Table of Contents

Notes to Financial Statements (continued)

 

      Average Notional  
Fund    Forward foreign
currency contracts
(to deliver)
     Forward foreign
currency contracts
(to receive)
 

Emerging Markets SmallCap Dividend Fund

     

Forward exchange contracts

   $ 3,464,105      $ 956,475   

Middle East Dividend Fund

     

Forward exchange contracts

   $ 279,352      $ 12,016   

Europe Hedged Equity Fund

     

Forward exchange contracts

   $ 322,863,901      $ 828,370,978   

Commodity Country Equity Fund

     

Forward exchange contracts

   $ 5,173      $ 26,984   

Global Natural Resources Fund

     

Forward exchange contracts

   $ 23,166      $ 24,473   

Global ex-U.S. Utilities Fund

     

Forward exchange contracts

   $ 52,139      $ 60,243   

Global ex-U.S. Real Estate Fund

     

Forward exchange contracts

   $ 110,544      $ 61,327   

China Dividend ex-Financials Fund

     

Forward exchange contracts

   $       $ 115   

United Kingdom Hedged Equity Fund1

     

Forward exchange contracts

   $ 14,955,601      $ 38,986,949   

Japan Hedged SmallCap Equity Fund1

     

Forward exchange contracts

   $ 24,422,214      $ 59,294,739   

Emerging Markets Dividend Growth Fund2

     

Forward exchange contracts

   $ 53,073      $ 7,440   

Emerging Market Consumer Growth Fund3

     

Forward exchange contracts

   $ 73,251      $ 3,576   

Germany Hedged Equity Fund4

     

Forward exchange contracts

   $ 5,323,330      $ 12,653,175   

Korea Hedged Equity Fund5

     

Forward exchange contracts

   $ 4,284,049      $ 9,705,944   
  1 

For the period June 28, 2013 through March 31, 2014.

 

  2 

For the period August 1, 2013 through March 31, 2014.

 

  3 

For the period September 27, 2013 through March 31, 2014.

 

  4 

For the period October 17, 2013 through March 31, 2014.

 

  5 

For the period November 7, 2013 through March 31, 2014.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premiums and discounts, is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed, appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statement of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of forward foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statement of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except Japan Hedged SmallCap Equity Fund, United Kingdom Hedged Equity Fund, Emerging Markets Dividend Growth Fund, Emerging Markets Consumer Growth

 

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Table of Contents

Notes to Financial Statements (continued)

 

Fund, Germany Hedged Equity Fund, and Korea Hedged Equity Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM. The internal expenses of pooled investment vehicles in which a Fund may invest (acquired fund fees and expenses) are not expenses of the Fund and are not paid by WTAM.

Under the investment advisory agreement for Japan Hedged SmallCap Equity Fund, United Kingdom Hedged Equity Fund, Emerging Markets Dividend Growth Fund, Emerging Markets Consumer Growth Fund, Germany Hedged Equity Fund, and Korea Hedged Equity Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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.

The internal expenses of pooled investment vehicles in which the Fund may invest (acquired fund fees and expenses) are not expenses of the Fund 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% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into forward foreign currency contracts to facilitate local securities settlements or to protect against currency exposure in connection with distributions to shareholders. The Funds, other than Japan Hedged Equity Fund, Europe Hedged Equity Fund, United Kingdom Hedged Equity Fund, Japan Hedged SmallCap Equity Fund, Germany Hedged Equity Fund, and Korea Hedged Equity Fund, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of a Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally has no margin deposit requirement, and no commissions are charged at any stage for trades.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold.

The following Forward Contracts were open at March 31, 2014:

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Europe SmallCap Dividend Fund

                                               
     4/2/2014      EUR        2,500,000         USD        3,437,200       $ (8,424

Japan Hedged Equity Fund

                                               
   4/1/2014      JPY        42,457,211         USD        413,032       $ 767   
   4/3/2014      JPY        111,662,706,667         USD        1,093,813,401         9,545,516   
   4/3/2014      JPY        110,276,841,900         USD        1,078,764,823         7,953,971   

 

WisdomTree International Dividend and Sector Funds      187   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Japan Hedged Equity Fund (continued)

   4/3/2014      JPY        107,770,550,039         USD        1,055,576,397       $ 9,102,155   
   4/3/2014      JPY        112,783,113,762         USD        1,105,001,996         9,854,534   
   4/3/2014      JPY        131,146,230,668         USD        1,285,104,807         11,647,891   
   4/3/2014      JPY        176,564,601,604         USD        1,730,168,903         15,690,249   
   4/3/2014      JPY        111,952,962,122         USD        1,097,510,273         10,423,948   
   4/3/2014      JPY        107,857,659,000         USD        1,056,898,544         9,578,456   
   4/3/2014      JPY        153,786,076,121         USD        1,506,938,386         13,643,905   
   4/3/2014      JPY        117,674,116,421         USD        1,152,911,634         10,271,722   
   4/3/2014      JPY        486,578,915         USD        4,720,699         (4,084
   4/3/2014      JPY        490,169,297         USD        4,744,471         (15,174
   4/3/2014      USD        37,940,816         JPY        3,871,879,262         (344,071
   4/3/2014      USD        9,570,724         JPY        970,637,947         (145,630
   4/3/2014      USD        35,423,284         JPY        3,617,425,722         (297,335
   4/3/2014      USD        14,239,727         JPY        1,456,956,213         (92,382
   4/3/2014      USD        19,031,480         JPY        1,963,529,149         34,793   
   4/3/2014      USD        28,660,857         JPY        2,943,868,385         (75,288
   4/3/2014      USD        62,181,147         JPY        6,349,944,991         (521,873
   4/3/2014      USD        110,092,544         JPY        11,169,450,050         (1,634,883
   4/3/2014      USD        40,355,435         JPY        4,100,959,656         (534,272
   4/3/2014      USD        21,359,819         JPY        2,168,957,177         (298,798
   4/3/2014      USD        14,148,241         JPY        1,448,610,137         (81,939
   4/3/2014      USD        88,098,493         JPY        9,006,115,159         (647,260
   4/3/2014      USD        19,005,399         JPY        1,944,508,909         (123,817
   4/3/2014      USD        57,069,763         JPY        5,838,379,415         (377,896
   4/3/2014      USD        71,450,046         JPY        7,297,257,479         (592,172
   4/3/2014      USD        7,077,894         JPY        728,478,106         (4,222
   4/3/2014      USD        81,399,117         JPY        8,382,806,662         (790
   4/3/2014      USD        1,043,580,421         JPY        107,770,550,039         2,893,821   
   4/3/2014      USD        1,068,789,464         JPY        110,276,841,900         2,021,388   
   4/3/2014      USD        905,716,098         JPY        93,273,813,729         (8,152
   4/3/2014      USD        1,095,194,540         JPY        112,783,133,762         (47,078
   4/3/2014      USD        1,273,449,829         JPY        131,146,230,668         7,087   
   4/3/2014      USD        1,070,583,224         JPY        110,253,049,765         (3,398
   4/3/2014      USD        1,084,103,948         JPY        111,662,706,667         163,936   
   4/3/2014      USD        1,541,407,344         JPY        158,741,835,307         8,578   
   4/3/2014      USD        116,904,679         JPY        12,039,428,379         651   
   4/3/2014      USD        1,140,258,591         JPY        117,674,116,421         2,381,321   
   4/3/2014      USD        1,087,449,851         JPY        111,952,962,122         (363,526
   5/7/2014      USD        42,777,929         JPY        4,404,676,501         373   
   5/7/2014      JPY        107,770,550,039         USD        1,043,760,327         (2,909,303
   5/7/2014      JPY        110,276,841,900         USD        1,068,981,132         (2,029,651
   5/7/2014      JPY        93,273,813,729         USD        905,856,836         (20,215
   5/7/2014      JPY        112,783,133,762         USD        1,095,380,685         28,747   
   5/7/2014      JPY        131,146,230,668         USD        1,273,665,023         (29,661
   5/7/2014      JPY        110,253,049,765         USD        1,070,759,978         (19,736
   5/7/2014      JPY        111,662,706,667         USD        1,084,282,908         (187,421
   5/7/2014      JPY        158,741,835,307         USD        1,541,690,278         (13,443
   5/7/2014      JPY        111,952,962,122         USD        1,087,636,846         347,551   
   5/7/2014      JPY        117,674,116,421         USD        1,140,451,982         (2,401,272
                                            $ 101,776,618   

 

188   WisdomTree International Dividend and Sector Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Asia Pacific ex-Japan Fund

                                               
     4/2/2014      THB        2,524         USD        78       $ 0   

International SmallCap Dividend Fund

                                               
     4/1/2014      USD        9,236         GBP        5,539       $ (1

Emerging Markets Equity Income Fund

                                               
   4/1/2014      HUF        49,474,460         USD        218,717       $ (3,087
   4/1/2014      PLN        2,012,603         USD        663,962         (2,154
   4/1/2014      PLN        2,700,000         USD        890,821         (2,805
   4/1/2014      USD        1,509,331         HKD        11,709,088         146   
   4/1/2014      USD        184,587         TWD        5,619,197         (64
   4/2/2014      HUF        141,708,053         USD        631,179         (4,127
   4/2/2014      PLN        905,738         USD        298,501         (1,273
   4/2/2014      USD        843,316         THB        27,331,864         (780
                                            $ (14,144

Emerging Markets SmallCap Dividend Fund

                                               
   4/1/2014      BRL        488,513         USD        215,536       $ (955
   4/1/2014      BRL        267,383         USD        117,894         (601
   4/1/2014      HUF        144,854,599         USD        645,894         (3,520
   4/1/2014      THB        3,933,201         USD        120,910         (335
   4/1/2014      USD        1,972,000         KRW        2,098,602,670         (463
   4/1/2014      USD        1,971,180         KRW        2,100,489,539         2,129   
   4/1/2014      USD        5,162,298         TWD        157,150,679         (1,780
   4/1/2014      ZAR        1,333,766         USD        126,071         (738
   4/2/2014      BRL        204,680         USD        90,315         (392
   4/2/2014      BRL        595,983         USD        263,243         (875
   4/2/2014      HUF        214,000,000         USD        953,942         (5,465
   4/2/2014      HUF        200,904,526         USD        895,367         (5,330
   4/2/2014      THB        3,453,891         USD        106,503         33   
   4/2/2014      USD        730,467         BRL        1,650,855         1,133   
   4/2/2014      USD        292,106         BRL        659,575         194   
   4/2/2014      USD        108,895         BRL        245,776         24   
   4/2/2014      USD        1,753,173         MYR        5,720,603         (1,341
   4/2/2014      USD        1,197,734         THB        38,818,549         (1,108
   4/3/2014      USD        54,592         BRL        122,973         (94
   4/3/2014      THB        4,456,778         USD        137,089         296   
   4/3/2014      USD        1,426,660         BRL        3,219,257           
   4/3/2014      USD        55,136         BRL        124,387         (12
   4/3/2014      USD        586,677         BRL        1,324,717         390   
   4/3/2014      USD        425,531         BRL        965,360         2,282   
   4/3/2014      USD        221,097         BRL        500,563         735   
   4/3/2014      USD        277,489         THB        8,979,537         684   
                                            $ (15,109

Middle East Dividend Fund

                                               
     4/1/2014      AED        77,177         USD        21,012       $ 0   

Europe Hedged Equity Fund

                                               
   4/3/2014      EUR        149,786,034         USD        206,870,989       $ 428,941   
   4/3/2014      EUR        36,715,734         USD        50,708,835         105,511   
   4/3/2014      EUR        170,112,725         USD        234,944,386         487,150   
   4/3/2014      EUR        149,786,032         USD        206,873,084         431,036   
   4/3/2014      EUR        190,456,858         USD        263,040,348         543,884   
   4/3/2014      EUR        16,183,632         USD        22,351,586         46,555   

 

WisdomTree International Dividend and Sector Funds      189   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Europe Hedged Equity Fund (continued)

   4/3/2014      EUR        12,244,497         USD        16,823,021       $ (52,913
   4/3/2014      EUR        10,068,572         USD        14,007,901         130,929   
   4/3/2014      EUR        6,104,037         USD        8,412,651         (217
   4/3/2014      EUR        14,240,688         USD        19,565,281         (61,894
   4/3/2014      EUR        12,247,171         USD        16,842,922         (36,696
   4/3/2014      USD        1,975,180         EUR        1,432,018         (1,501
   4/3/2014      USD        304,665,695         EUR        221,052,563         (815
   4/3/2014      USD        206,442,601         EUR        149,786,034         (552
   4/3/2014      USD        248,334,512         EUR        180,181,297         (304
   4/3/2014      USD        226,069,499         EUR        164,026,720         (277
   4/3/2014      USD        50,603,460         EUR        36,715,734         (135
   4/3/2014      USD        22,305,042         EUR        16,183,632         (11
   5/6/2014      EUR        222,395,416         USD        306,493,131         (4,192
   5/6/2014      EUR        150,695,954         USD        207,681,629         (2,087
   5/6/2014      EUR        181,275,862         USD        249,823,879         (3,960
   5/6/2014      EUR        165,023,149         USD        227,427,808         (1,130
   5/6/2014      EUR        36,938,774         USD        50,907,245         (438
   5/6/2014      EUR        16,281,944         USD        22,439,075         (111
                                            $ 2,006,773   

Global ex-U.S. Utilities Fund

                                               
     4/1/2014      HKD        87,985         USD        11,341       $ (1

Global ex-U.S. Real Estate Fund

                                               
   4/1/2014      CAD        177,960         AUD        174,187       $ 213   
   4/1/2014      CAD        181,135         EUR        119,505         600   
   4/1/2014      CAD        207,729         GBP        113,362         789   
   4/1/2014      CAD        352,114         HKD        2,476,477         239   
   4/1/2014      CAD        47,952         MXN        567,366         36   
   4/1/2014      CAD        51,082         NZD        53,336         2   
   4/1/2014      CAD        108,027         SGD        123,817         586   
   4/1/2014      CAD        269,000         USD        243,217         (497
                                            $ 1,968   

United Kingdom Hedged Equity Fund

                                               
   4/3/2014      GBP        3,299,119         USD        5,527,608       $ 27,525   
   4/3/2014      GBP        3,299,122         USD        5,527,603         27,516   
   4/3/2014      GBP        3,193,969         USD        5,351,335         26,553   
   4/3/2014      GBP        3,299,123         USD        5,527,648         27,558   
   4/3/2014      USD        4,087,089         GBP        2,458,250         11,150   
   4/3/2014      USD        156,962         GBP        94,151         1   
   4/3/2014      USD        5,324,793         GBP        3,193,969         (11
   4/3/2014      USD        5,500,087         GBP        3,299,119         (4
   4/3/2014      USD        1,401,848         GBP        840,872         1   
   4/3/2014      USD        5,500,133         GBP        3,299,123         (44
   5/6/2014      GBP        2,999,856         USD        4,999,920         (31
   5/6/2014      GBP        3,098,615         USD        5,164,536         (20
   5/6/2014      GBP        789,768         USD        1,316,324         (7
   5/6/2014      GBP        3,098,621         USD        5,164,565         (1
                                            $ 120,186   

Japan Hedged SmallCap Equity Fund

                                               
   4/3/2014      JPY        1,951,300,787         USD        19,120,933       $ 173,401   
   4/3/2014      JPY        1,951,300,787         USD        19,120,933         173,401   
   4/3/2014      JPY        1,945,475,874         USD        19,063,742         172,771   

 

190   WisdomTree International Dividend and Sector Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

Japan Hedged SmallCap Equity Fund (continued)

   4/3/2014      JPY        1,170,990,134         USD        11,474,524       $ 103,968   
   4/3/2014      JPY        582,986,755         USD        5,664,300         3,379   
   4/3/2014      USD        573,368         JPY        59,047,697         (6
   4/3/2014      USD        24,552,114         JPY        2,528,462,629         (221
   4/3/2014      USD        18,947,593         JPY        1,951,300,787         (60
   4/3/2014      USD        18,947,427         JPY        1,951,300,787         105   
   4/3/2014      USD        11,370,492         JPY        1,170,990,134         63   
   5/7/2014      JPY        2,564,838,144         USD        24,909,201         (555
   5/7/2014      JPY        1,979,373,011         USD        19,223,354         (354
   5/7/2014      JPY        1,979,373,011         USD        19,223,541         (168
   5/7/2014      JPY        1,187,836,487         USD        11,536,056         (235
                                            $ 625,489   

Emerging Markets Consumer Growth Fund

                                               
   4/1/2014      BRL        6,410         USD        2,828       $ (13
   4/1/2014      BRL        2,701         USD        1,191         (6
   4/2/2014      BRL        1,101         USD        486         (2
   4/2/2014      BRL        5,406         USD        2,388         (8
                                            $ (29

Germany Hedged Equity Fund

                                               
   4/3/2014      EUR        2,279,716         USD        3,148,539       $ 6,528   
   4/3/2014      EUR        2,279,714         USD        3,148,536         6,528   
   4/3/2014      EUR        2,348,795         USD        3,243,977         6,760   
   4/3/2014      USD        3,142,019         EUR        2,279,716         (8
   4/3/2014      USD        3,142,011         EUR        2,279,714         (4
   4/3/2014      USD        3,237,222         EUR        2,348,795         (4
   5/6/2014      EUR        2,268,435         USD        3,126,244         (31
   5/6/2014      EUR        2,268,431         USD        3,126,220         (50
   5/6/2014      EUR        2,337,171         USD        3,220,989         (16
                                            $ 19,703   

Korea Hedged Equity Fund

                                               
   4/3/2014      KRW        2,982,378,219         USD        2,789,042       $ (9,538
   4/3/2014      KRW        2,894,661,213         USD        2,707,062         (9,207
   4/3/2014      KRW        2,894,661,215         USD        2,702,967         (13,303
   4/3/2014      USD        2,719,396         KRW        2,894,661,215         (3,127
   4/3/2014      USD        2,719,396         KRW        2,894,661,213         (3,127
   4/3/2014      USD        2,801,802         KRW        2,982,378,219         (3,222
   5/8/2014      KRW        2,858,242,711         USD        2,680,650         3,162   
   5/8/2014      KRW        2,858,242,710         USD        2,680,650         3,162   
   5/8/2014      KRW        2,944,856,125         USD        2,761,881         3,259   
                                            $ (31,941

Currency Legend:

AED – United Arab Emirates dirham

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

HUF – Hungarian forint

JPY – Japanese yen

KRW – South Korean won

MXN – Mexican peso

MYR – Malaysian ringgit

NZD – New Zealand dollar

PLN – Polish zloty

 

WisdomTree International Dividend and Sector Funds      191   


Table of Contents

Notes to Financial Statements (continued)

 

SGD – Singapore dollar

THB – Thai baht

TWD – New Taiwan dollar

USD – U.S. dollar

ZAR – South African rand

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the investment of cash collateral for securities on loan along with the obligation to return such collateral are included on the Statements of Assets and Liabilities. The value of securities received as collateral for securities on loan are not included on the Statement of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Master Netting Arrangements — Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including forward 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 exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty non-performance.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

 

192   WisdomTree International Dividend and Sector Funds


Table of Contents

Notes to Financial Statements (continued)

 

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2014, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     Assets          Liabilities  
   

Gross Amounts
Presented in the
Statements of
Assets and
Liabilities

 

    Gross Amounts Not Offset
in Statement of
Assets and Liabilities
   

Net Amount

 

       

Gross Amounts
Presented in the
Statements of
Assets and
Liabilities

 

    Gross Amounts Not Offset
in Statement of
Assets and Liabilities
   

Net Amount

 

 
Fund     Financial
Instruments
    Collateral
Received
            Financial
Instruments
    Collateral
Pledged
   

Europe SmallCap Dividend Fund

  

               

Forward Foreign Currency Contracts

  $      $      $      $        $ 8,424      $      $     —      $ 8,424   

Japan Hedged Equity Fund

  

               

Forward Foreign Currency Contracts

    115,601,360       (1,291,651 )            114,309,709          13,824,742        (1,291,651            12,533,091   

Asia Pacific ex-Japan Fund

  

               

Forward Foreign Currency Contracts

                                                         

International SmallCap Dividend Fund

  

               

Securities Lending

    84,532              (84,532 )1                                      

Forward Foreign Currency Contracts

                                  1                      1   

Emerging Markets Equity Income Fund

  

               

Securities Lending

    2,079,082              (2,079,082 )1                                     

Forward Foreign Currency Contracts

    146                      146          14,290                      14,290   

Emerging Markets SmallCap Dividend Fund

  

               

Securities Lending

    836,280              (836,280 )1                                      

Forward Foreign Currency Contracts

    7,900                    7,900          23,009                      23,009   

Middle East Dividend Fund

  

               

Forward Foreign Currency Contracts

                                                         

Europe Hedged Equity Fund

  

               

Forward Foreign Currency Contracts

    2,174,006       (160,771 )            2,013,235          167,233        (160,771            6,462   

Global ex-U.S. Utilities Fund

  

               

Forward Foreign Currency Contracts

                                  1                      1   

Global ex-U.S. Real Estate Fund

  

               

Forward Foreign Currency Contracts

    2,465                     2,465          497                      497   

United Kingdom Hedged Equity Fund

  

               

Forward Foreign Currency Contracts

    120,304       (52 )            120,252          118        (52            66   

Japan Hedged SmallCap Equity Fund

  

               

Forward Foreign Currency Contracts

    627,088       (403 )            626,685          1,599        (403            1,196   

Emerging Markets Consumer Growth Fund

  

               

Forward Foreign Currency Contracts

                                 29                      29   

Germany Hedged Equity Fund

  

               

Forward Foreign Currency Contracts

    19,816       (59 )            19,757          113        (59            54   

Korea Hedged Equity Fund

  

               

Forward Foreign Currency Contracts

    9,583       (3,258 )            6,325          41,524        (3,258            38,266   
  1 

The amount of collateral presented has been limited such that the net amount 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.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate

 

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Table of Contents

Notes to Financial Statements (continued)

 

Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors’ at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with U.S. Federal Income Tax Regulations which may differ from GAAP. 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, which exceed earnings and profit for tax purposes, are reported for tax purposes as a return of capital.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM also provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (“MCM”) to provide sub-advisory services to each of the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending, and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses generally described in Note 2. Prior to February 1, 2014, China Dividend ex-Financials Fund was sub-advised by Old Mutual Global Index Trackers (Proprietary) Limited.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets as shown in the following table:

 

Fund    Advisory
Fee Rate
 

DEFA Fund

     0.48

DEFA Equity Income Fund

     0.58

Global Equity Income Fund

     0.58

Europe SmallCap Dividend Fund

     0.58

Japan Hedged Equity Fund

     0.48

Global ex-U.S. Dividend Growth Fund

     0.58

Japan SmallCap Dividend Fund

     0.58

Asia Pacific ex-Japan Fund

     0.48

Australia Dividend Fund

     0.58

International LargeCap Dividend Fund

     0.48

International Dividend ex-Financials Fund

     0.58

International MidCap Dividend Fund

     0.58

International SmallCap Dividend Fund

     0.58

Emerging Markets Equity Income Fund

     0.63

Emerging Markets SmallCap Dividend Fund

     0.63

Middle East Dividend Fund

     0.88

Europe Hedged Equity Fund

     0.58

Commodity Country Equity Fund

     0.58

Global Natural Resources Fund

     0.58

Global ex-U.S. Utilities Fund

     0.58

Global ex-U.S. Real Estate Fund

     0.58

China Dividend ex-Financials Fund

     0.63

United Kingdom Hedged Equity Fund

     0.48

Japan Hedged SmallCap Equity Fund

     0.58

Emerging Markets Dividend Growth Fund

     0.63

 

194   WisdomTree International Dividend and Sector Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Advisory
Fee Rate
 

Emerging Markets Consumer Growth Fund

     0.63

Germany Hedged Equity Fund

     0.48

Korea Hedged Equity Fund

     0.58

Each Fund may purchase shares of affiliated exchange-traded funds in secondary market transactions. For the fiscal year or period ended March 31, 2014, WTAM waived its advisory fees for each Fund’s investment associated with daily uninvested cash in correlated affiliated Funds net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of the advisory fee received from the affiliated Funds. The table below indicates the waiver amounts. Please see Note 7 for additional information on Other Affiliated Parties and Transactions.

 

Fund    Advisory
Fees Waived
 

DEFA Fund

   $ 1,836   

DEFA Equity Income Fund

     1,205   

Global Equity Income Fund

     336   

Europe SmallCap Dividend Fund

       

Japan Hedged Equity Fund

       

Global ex-U.S. Dividend Growth Fund

       

Japan SmallCap Dividend Fund

     540   

Asia Pacific ex-Japan Fund

       

Australia Dividend Fund

       

International LargeCap Dividend Fund

     951   

International Dividend ex-Financials Fund

     2,576   

International MidCap Dividend Fund

     490   

International SmallCap Dividend Fund

     3,832   

Emerging Markets Equity Income Fund

       

Emerging Markets SmallCap Dividend Fund

     4,687   

Middle East Dividend Fund

       

Europe Hedged Equity Fund

       

Commodity Country Equity Fund

       

Global Natural Resources Fund

       

Global ex-U.S. Utilities Fund

       

Global ex-U.S. Real Estate Fund

     101   

China Dividend ex-Financials Fund

       

United Kingdom Hedged Equity Fund

       

Japan Hedged SmallCap Equity Fund

       

Emerging Markets Dividend Growth Fund

       

Emerging Markets Consumer Growth Fund

       

Germany Hedged Equity Fund

       

Korea Hedged Equity Fund

       

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2014, there was an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consist of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. The Middle East Dividend Fund issues and redeems shares on a cash basis only. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

 

WisdomTree International Dividend and Sector Funds      195   


Table of Contents

Notes to Financial Statements (continued)

 

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding in-kind capital share transactions and short term investments) for the fiscal year or period ended March 31, 2014 were as follows:

 

Fund    Purchases      Sales  

DEFA Fund

   $ 104,975,288       $ 105,806,235   

DEFA Equity Income Fund

     66,964,116         67,466,572   

Global Equity Income Fund

     28,367,846         27,936,868   

Europe SmallCap Dividend Fund

     102,477,357         110,328,803   

Japan Hedged Equity Fund

     3,159,089,237         2,536,738,381   

Global ex-U.S. Dividend Growth Fund

     63,621,419         65,936,384   

Japan SmallCap Dividend Fund

     56,467,132         59,434,318   

Asia Pacific ex-Japan Fund

     15,705,478         24,983,869   

Australia Dividend Fund

     16,756,571         16,780,001   

International LargeCap Dividend Fund

     37,540,101         37,780,403   

International Dividend ex-Financials Fund

     124,830,144         124,987,023   

International MidCap Dividend Fund

     28,602,437         28,253,468   

International SmallCap Dividend Fund

     295,977,160         305,431,638   

Emerging Markets Equity Income Fund

     1,949,820,536         1,876,671,640   

Emerging Markets SmallCap Dividend Fund

     804,641,763         429,542,970   

Middle East Dividend Fund

     37,904,140         6,685,435   

Europe Hedged Equity Fund

     143,603,930         175,900,332   

Commodity Country Equity Fund

     5,045,712         5,349,078   

Global Natural Resources Fund

     7,001,658         7,033,570   

Global ex-U.S. Utilities Fund

     12,389,036         14,402,375   

Global ex-U.S. Real Estate Fund

     21,961,156         23,396,945   

China Dividend ex-Financials Fund

     5,290,340         5,364,601   

United Kingdom Hedged Equity Fund1

     2,881,208         6,058,274   

Japan Hedged SmallCap Equity Fund1

     7,539,230         6,616,857   

Emerging Markets Dividend Growth Fund2

     5,449,689         424,078   

Emerging Markets Consumer Growth Fund3

     6,181,222         837,881   

Germany Hedged Equity Fund4

     316,214         436,236   

Korea Hedged Equity Fund5

     10,164,994         1,968,537   
  1 

For the period June 28, 2013 through March 31, 2014.

 

  2 

For the period August 1, 2013 through March 31, 2014.

 

  3 

For the period September 27, 2013 through March 31, 2014.

 

  4 

For the period October 17, 2013 through March 31, 2014.

 

  5 

For the period November 7, 2013 through March 31, 2014.

For the fiscal year or period ended March 31, 2014, the cost of purchases and the proceeds of sales resulting from in-kind capital share transactions were as follows:

 

Fund    Purchases      Sales  

DEFA Fund

   $ 56,477,557       $ 12,146,130   

DEFA Equity Income Fund

     60,609,143           

Global Equity Income Fund

     10,631,986           

Europe SmallCap Dividend Fund

     1,235,573,377         4,150,963   

Japan Hedged Equity Fund

     8,580,498,316         3,351,350,841   

Global ex-U.S. Dividend Growth Fund

     4,358,520         26,508,516   

Japan SmallCap Dividend Fund

     152,611,792         63,957,145   

Asia Pacific ex-Japan Fund

             28,724,064   

Australia Dividend Fund

             17,634,459   

International LargeCap Dividend Fund

     73,731,438           

International Dividend ex-Financials Fund

             53,408,310   

 

196   WisdomTree International Dividend and Sector Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Purchases      Sales  

International MidCap Dividend Fund

   $ 2,805,223       $   

International SmallCap Dividend Fund

     248,322,505           

Emerging Markets Equity Income Fund

     159,317,865         1,219,861,591   

Emerging Markets SmallCap Dividend Fund

     213,922,839         93,509,609   

Middle East Dividend Fund

               

Europe Hedged Equity Fund

     941,659,790         102,885,573   

Commodity Country Equity Fund

             1,175,207   

Global Natural Resources Fund

             977,494   

Global ex-U.S. Utilities Fund

     726,225         8,270,966   

Global ex-U.S. Real Estate Fund

     27,690,612         4,162,839   

China Dividend ex-Financials Fund

             16,959,742   

United Kingdom Hedged Equity Fund1

     43,901,048         26,269,461   

Japan Hedged SmallCap Equity Fund1

     80,269,520         6,111,122   

Emerging Markets Dividend Growth Fund2

     14,711,502           

Emerging Markets Consumer Growth Fund3

     14,048,822           

Germany Hedged Equity Fund4

     8,931,250           

Korea Hedged Equity Fund5

               
  1 

For the period June 28, 2013 through March 31, 2014.

 

  2 

For the period August 1, 2013 through March 31, 2014.

 

  3 

For the period September 27, 2013 through March 31, 2014.

 

  4 

For the period October 17, 2013 through March 31, 2014.

 

  5 

For the period November 7, 2013 through March 31, 2014.

Gains and losses on in-kind redemptions are not recognized by the Funds for tax purposes.

6. FEDERAL INCOME TAXES

At March 31, 2014, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation
(Depreciation)
 

DEFA Fund

   $ 463,148,920       $ 117,701,853       $ (14,855,670    $ 102,846,183   

DEFA Equity Income Fund

     255,241,362         55,764,474         (7,857,554      47,906,920   

Global Equity Income Fund

     100,330,082         25,006,993         (2,439,489      22,567,504   

Europe SmallCap Dividend Fund

     1,292,074,499         156,105,840         (13,259,652      142,846,188   

Japan Hedged Equity Fund

     11,541,806,415         490,313,044         (733,605,762      (243,292,718

Global ex-U.S. Dividend Growth Fund

     55,806,635         7,763,969         (1,854,430      5,909,539   

Japan SmallCap Dividend Fund

     265,398,770         31,350,985         (15,407,306      15,943,679   

Asia Pacific ex-Japan Fund

     49,087,392         6,601,637         (3,349,045      3,252,592   

Australia Dividend Fund

     47,845,083         10,554,162         (3,821,035      6,733,127   

International LargeCap Dividend Fund

     261,549,071         57,961,002         (5,820,385      52,140,617   

International Dividend ex-Financials Fund

     283,525,341         71,585,090         (7,007,260      64,577,830   

International MidCap Dividend Fund

     108,000,110         36,498,888         (4,154,782      32,344,106   

International SmallCap Dividend Fund

     730,289,741         205,543,994         (21,392,379      184,151,615   

Emerging Markets Equity Income Fund

     3,982,601,399         276,284,419         (385,927,551      (109,643,132

Emerging Markets SmallCap Dividend Fund

     1,690,446,237         234,959,735         (118,680,707      116,279,028   

Middle East Dividend Fund

     45,052,570         9,105,650         (1,156,664      7,948,986   

Europe Hedged Equity Fund

     974,832,293         87,154,639         (4,151,339      83,003,300   

Commodity Country Equity Fund

     20,931,496         2,710,155         (2,258,517      451,638   

Global Natural Resources Fund

     24,999,101         1,089,995         (3,764,237      (2,674,242

Global ex-U.S. Utilities Fund

     28,969,622         4,118,771         (2,934,308      1,184,463   

Global ex-U.S. Real Estate Fund

     128,193,143         7,012,795         (7,923,762      (910,967

China Dividend ex-Financials Fund

     18,585,292         1,784,494         (2,975,483      (1,190,989

 

WisdomTree International Dividend and Sector Funds      197   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation
(Depreciation)
 

United Kingdom Hedged Equity Fund

   $ 15,801,306       $ 1,358,636       $ (668,009    $ 690,627   

Japan Hedged SmallCap Equity Fund

     75,812,057         2,456,271         (3,686,813      (1,230,542

Emerging Markets Dividend Growth Fund

     19,663,245         1,176,074         (978,191      197,883   

Emerging Markets Consumer Growth Fund

     19,373,715         895,520         (706,787      188,733   

Germany Hedged Equity Fund

     8,824,775         648,685         (49,476      599,209   

Korea Hedged Equity Fund

     8,162,649         242,893         (257,425      (14,532

At March 31, 2014, the components of accumulated earnings/(loss) on a tax basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation/
(Depreciation)
     Currency and
Other Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

DEFA Fund

   $ 1,499,308       $ (243,966,616    $ 102,846,183       $ 64,614       $ (139,556,511

DEFA Equity Income Fund

     646,175         (91,316,660      47,906,920         28,032         (42,735,533

Global Equity Income Fund

     256,630         (28,542,994      22,567,504         7,760         (5,711,100

Europe SmallCap Dividend Fund

     4,077,300         (18,084,501      142,846,188         4,805         128,843,792   

Japan Hedged Equity Fund

     283,236,346         305,150,137         (243,292,718      (897,221      344,196,544   

Global ex-U.S. Dividend Growth Fund

     166,028         (25,488,520      5,909,539         2,772         (19,410,181

Japan SmallCap Dividend Fund

     2,461,135         (31,613,984      15,943,679         (24,217      (13,233,387

Asia Pacific ex-Japan Fund

     23,148         (23,254,938      3,252,592         3,243         (19,975,955

Australia Dividend Fund

     29,189         (21,616,495      6,733,127         14,974         (14,839,205

International LargeCap Dividend Fund

     696,213         (62,381,797      52,140,617         32,667         (9,512,300

International Dividend ex-Financials Fund

     754,395         (167,696,686      64,577,830         23,438         (102,341,023

International MidCap Dividend Fund

     433,659         (86,971,392      32,344,106         8,279         (54,185,348

International SmallCap Dividend Fund

     5,317,071         (205,022,181      184,151,615         40,658         (15,512,837

Emerging Markets Equity Income Fund

     7,748,713         (681,482,392      (109,643,132      41,513         (783,335,298

Emerging Markets SmallCap Dividend Fund

     3,061,381         (238,194,925      116,279,028         47,184         (118,807,332

Middle East Dividend Fund

     501,227         (7,796,581      7,948,986         (108      653,524   

Europe Hedged Equity Fund

     2,821,126         (34,323,366      83,003,300         10,039         51,511,099   

Commodity Country Equity Fund

     84,246         (16,911,653      451,638         2,850         (16,372,919

Global Natural Resources Fund

     50,346         (17,535,011      (2,674,242      846         (20,158,061

Global ex-U.S. Utilities Fund

     31,800         (26,829,019      1,184,463         403         (25,612,353

Global ex-U.S. Real Estate Fund

             (55,443,879      (910,967      2,414         (56,352,432

China Dividend ex-Financials Fund

             (1,002,045      (1,190,989              (2,193,034

United Kingdom Hedged Equity Fund

     35,758         (2,402,470      690,627         150         (1,675,935

Japan Hedged SmallCap Equity Fund

     790,277         401,778         (1,230,542      (5,383      (43,870

Emerging Markets Dividend Growth Fund

     64,853         (73,867      197,883         374         189,243   

Emerging Markets Consumer Growth Fund

     55,038         (30,083      188,733         (9,891      203,797   

Germany Hedged Equity Fund

             (146,249      599,209         1         452,961   

Korea Hedged Equity Fund

     20,489         (134,086      (14,532      199         (127,930

The tax character of distributions paid during the fiscal years or periods ended March 31, 2014 and March 28, 2013, was as follows:

 

      Year Ended
March 31, 2014
     Year Ended
March 28, 2013
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Gains
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
 

DEFA Fund

   $ 22,732,659       $       $       $ 15,025,057   

DEFA Equity Income Fund

     14,535,126                         7,776,245   

Global Equity Income Fund

     5,168,178                         3,714,651   

Europe SmallCap Dividend Fund

     3,161,594                         1,076,479   

Japan Hedged Equity Fund

     188,544,430         108,107,302                 13,375,411   

 

198   WisdomTree International Dividend and Sector Funds


Table of Contents

Notes to Financial Statements (continued)

 

      Year Ended
March 31, 2014
     Year Ended
March 28, 2013
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Gains
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
 

Global ex-U.S. Dividend Growth Fund

   $ 1,834,214       $       $       $ 1,788,342       $   

Japan SmallCap Dividend Fund

     5,814,634                         4,026,669           

Asia Pacific ex-Japan Fund

     2,489,523                         3,102,604           

Australia Dividend Fund

     2,462,154                         3,153,173           

International LargeCap Dividend Fund

     12,150,590                         6,637,277           

International Dividend ex-Financials Fund

     15,909,125                         15,069,853           

International MidCap Dividend Fund

     4,342,219                         3,330,617           

International SmallCap Dividend Fund

     27,535,002                         16,696,307           

Emerging Markets Equity Income Fund

     205,548,331                         143,743,128           

Emerging Markets SmallCap Dividend Fund

     54,318,601                         32,701,228           

Middle East Dividend Fund

     1,267,094                         643,257           

Europe Hedged Equity Fund

     9,199,353                         518,343           

Commodity Country Equity Fund

     815,003                         1,000,096           

Global Natural Resources Fund

     785,058                         956,648         3,704   

Global ex-U.S. Utilities Fund

     1,422,728                         1,355,041           

Global ex-U.S. Real Estate Fund

     4,770,599                 401,422         8,639,126           

China Dividend ex-Financials Fund

     717,428                                   

United Kingdom Hedged Equity Fund1

     1,253,723                                   

Japan Hedged SmallCap Equity Fund1

     102,144                                   

Emerging Markets Dividend Growth Fund2

     158,839                                   

Emerging Markets Consumer Growth Fund3

     42,861                                   

Germany Hedged Equity Fund4

                                       

Korea Hedged Equity Fund5

     23,127                                   
  * Includes short-term capital gains.

 

  1 

For the period June 28, 2013 through March 31, 2014.

 

  2 

For the period August 1, 2013 through March 31, 2014.

 

  3 

For the period September 27, 2013 through March 31, 2014.

 

  4 

For the period October 17, 2013 through March 31, 2014.

 

  5 

For the period November 7, 2013 through March 31, 2014.

At March 31, 2014, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund   Capital Loss
Available
Through 2015
    Capital Loss
Available
Through 2016
    Capital Loss
Available
Through 2017
    Capital Loss
Available
Through 2018
    Capital Loss
Available
Through 2019
    Short-Term
Post-Effective*
No  Expiration
    Long-Term
Post-Effective*
No  Expiration
    Capital Loss
Available Total
 

DEFA Fund

  $      $      $ 24,645,745      $ 187,173,747      $ 8,855,174      $ 3,892,949      $ 18,929,623      $ 243,497,238   

DEFA Equity Income Fund

           972,353        24,469,991        41,582,445        7,637,372        3,836,666        12,679,380        91,178,207   

Global Equity Income Fund

                  5,329,783        15,414,669        807,956        1,230,988        5,759,598        28,542,994   

Europe SmallCap Dividend Fund

                         15,981,777        2,102,724                      18,084,501   

Japan Hedged Equity Fund

                                                       

Global ex-U.S. Dividend Growth Fund

           638,234        3,657,374        8,823,117               9,569,437        2,751,433        25,439,595   

Japan SmallCap Dividend Fund

    6,631        450,744        2,793,131        13,069,045        3,661,232        4,386,398        6,814,359        31,181,540   

Asia Pacific ex-Japan Fund

    2,486        434,717        1,942,155        11,545,171        2,148,087        2,046,683        5,135,639        23,254,938   

Australia Dividend Fund

           23,230        2,237,436        10,402,798        2,670,223        4,057,626        2,169,302        21,560,615   

International LargeCap Dividend Fund

    12,856        911,666        10,714,056        21,950,675        8,092,071        2,583,831        18,116,642        62,381,797   

International Dividend ex-Financials Fund

                  38,137,926        106,422,557               16,627,276        6,508,927        167,696,686   

International MidCap Dividend Fund

           2,200,353        10,045,031        49,400,362        11,183,904        4,043,897        9,843,719        86,717,266   

International SmallCap Dividend Fund

                  21,554,037        176,126,796        6,365,431                      204,046,264   

Emerging Markets Equity Income Fund

           166,963        3,240,763        32,150,807        561,494        391,010,797        188,834,726        615,965,550   

 

WisdomTree International Dividend and Sector Funds      199   


Table of Contents

Notes to Financial Statements (continued)

 

Fund   Capital Loss
Available
Through 2015
    Capital Loss
Available
Through 2016
    Capital Loss
Available
Through 2017
    Capital Loss
Available
Through 2018
    Capital Loss
Available
Through 2019
    Short-Term
Post-Effective*
No  Expiration
    Long-Term
Post-Effective*
No  Expiration
    Capital Loss
Available Total
 

Emerging Markets SmallCap Dividend Fund

  $      $      $ 4,224,150      $ 9,367,814      $ 4,882,951      $ 131,446,902      $ 80,252,367      $ 230,174,184   

Middle East Dividend Fund

                  41,648        6,522,827        763,315               468,781        7,796,571   

Europe Hedged Equity Fund

                         108,824        1,617,839        9,314,532        11,729,073        22,770,268   

Commodity Country Equity Fund

                         11,126,004        3,769,123        695,605        1,137,792        16,728,524   

Global Natural Resources Fund

           45,822        1,245,793        4,858,681        6,793,018        1,527,150        2,886,939        17,357,403   

Global ex-U.S. Utilities Fund

           13,301        1,722,994        5,793,876        1,986,702        802,410        16,367,106        26,686,389   

Global ex-U.S. Real Estate Fund

           261,244        12,351,482        23,011,711        10,538,886        791,057        8,304,424        55,258,804   

China Dividend ex-Financials Fund

                                       976,316               976,316   

United Kingdom Hedged Equity Fund

                                       641,390        1,012,195        1,653,585   

Japan Hedged SmallCap Equity Fund

                                                       

Emerging Markets Dividend Growth Fund

                                       6,454               6,454   

Emerging Markets Consumer Growth Fund

                                                       

Germany Hedged Equity Fund

                                                       

Korea Hedged Equity Fund

                                                       
  * Under the recently enacted Regulated Investment Company Modernization Act of 2010, a Fund is permitted to carry forward any new capital losses for an unlimited period. Additionally, such capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. The character of theses losses is noted above.

Capital losses incurred after October 31 (“post-October capital losses”) and with the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

During the fiscal year or period ended March 31, 2014, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

Fund    Late Year
Ordinary Loss
     Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital  Losses
 

DEFA Fund

   $       $       $ 469,378   

DEFA Equity Income Fund

                     138,453   

Global Equity Income Fund

                       

Europe SmallCap Dividend Fund

                       

Japan Hedged Equity Fund

                       

Global ex-U.S. Dividend Growth Fund

             46,514         2,411   

Japan SmallCap Dividend Fund

             378,851         53,593   

Asia Pacific ex-Japan Fund

                       

Australia Dividend Fund

                     55,880   

International LargeCap Dividend Fund

                       

International Dividend ex-Financials Fund

                       

International MidCap Dividend Fund

                     254,126   

International SmallCap Dividend Fund

             975,917           

Emerging Markets Equity Income Fund

             12,935,116         52,581,726   

Emerging Markets SmallCap Dividend Fund

             4,014,133         4,006,608   

Middle East Dividend Fund

                     10   

Europe Hedged Equity Fund

             4,474,813         7,078,285   

Commodity Country Equity Fund

             62,679         120,450   

Global Natural Resources Fund

                     177,608   

Global ex-U.S. Utilities Fund

             16,337         126,293   

Global ex-U.S. Real Estate Fund

     185,075                   

China Dividend ex-Financials Fund

     25,729                   

United Kingdom Hedged Equity Fund1

             309,823         439,062   

Japan Hedged SmallCap Equity Fund1

                       

Emerging Markets Dividend Growth Fund2

             67,413           

Emerging Markets Consumer Growth Fund3

             30,083           

 

200   WisdomTree International Dividend and Sector Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Late Year
Ordinary Loss
     Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital  Losses
 

Germany Hedged Equity Fund4

   $       $ 50,554       $ 95,695   

Korea Hedged Equity Fund5

             94,597         39,489   
  1 

For the period June 28, 2013 through March 31, 2014.

 

  2 

For the period August 1, 2013 through March 31, 2014.

 

  3 

For the period September 27, 2013 through March 31, 2014.

 

  4 

For the period October 17, 2013 through March 31, 2014.

 

  5 

For the period November 7, 2013 through March 31, 2014.

During the fiscal year or period ended March 31, 2014, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains.

 

Fund    Utilized
Capital Loss
Carryforwards
 

DEFA Fund

   $   

DEFA Equity Income Fund

       

Global Equity Income Fund

       

Europe SmallCap Dividend Fund

     8,917,292   

Japan Hedged Equity Fund

       

Global ex-U.S. Growth Fund

       

Japan SmallCap Dividend Fund

       

Asia Pacific ex-Japan Fund

       

Australia Dividend Fund

       

International LargeCap Dividend Fund

       

International Dividend ex-Financials Fund

     4,268,794   

International MidCap Dividend Fund

     1,977,983   

International SmallCap Dividend Fund

     23,399,406   

Emerging Markets Equity Income Fund

       

Emerging Markets SmallCap Dividend Fund

       

Middle East Dividend Fund

     397,953   

Europe Hedged Equity Fund

       

Commodity Country Equity Fund

       

Global Natural Resources Fund

       

Global ex-U.S. Utilities Fund

       

Global ex-U.S. Real Estate Fund

       

China Dividend ex-Financials Fund

       

United Kingdom Hedged Equity Fund

       

Japan Hedged SmallCap Equity Fund

       

Emerging Markets Dividend Growth Fund

       

Emerging Markets Consumer Growth Fund

       

Germany Hedged Equity Fund

       

Korea Hedged Equity Fund

       

At March 31, 2014, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment Income/(Loss)
     Accumulated Net
Realized Gain/(Loss)
     Paid-in Capital  

DEFA Fund

   $ 182,957       $ (3,106,962    $ 2,924,005   

DEFA Equity Income Fund

     36,622         (36,622        

Global Equity Income Fund

     4,421         (4,421        

Europe SmallCap Dividend Fund

     602,984         (1,807,077      1,204,093   

Japan Hedged Equity Fund

     11,472,641         (509,307,923      497,835,282   

Global ex-U.S. Dividend Growth Fund

     40,430         (2,762,052      2,721,622   

Japan SmallCap Dividend Fund

     1,151,547         (11,402,253      10,250,706   

 

WisdomTree International Dividend and Sector Funds      201   


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Undistributed Net
Investment Income/(Loss)
     Accumulated Net
Realized Gain/(Loss)
     Paid-in Capital  

Asia Pacific ex-Japan Fund

   $ (35,155    $ (2,541,820    $ 2,576,975   

Australia Dividend Fund

     12,179         (2,963,237      2,951,058   

International LargeCap Dividend Fund

     (14,441      14,441           

International Dividend ex-Financials Fund

     75,710         (10,828,247      10,752,537   

International MidCap Dividend Fund

     35,302         (35,302        

International SmallCap Dividend Fund

     3,144,223         (3,144,223        

Emerging Markets Equity Income Fund

     (537,469      (91,034,058      91,571,527   

Emerging Markets SmallCap Dividend Fund

     1,661,946         (29,287,656      27,625,710   

Middle East Dividend Fund

     50,829         (50,829        

Europe Hedged Equity Fund

     77,596         (7,948,656      7,871,060   

Commodity Country Equity Fund

     (5,481      (125,257      130,738   

Global Natural Resources Fund

     26,139         (68,917      42,778   

Global ex-U.S. Utilities Fund

     (4,888      (956,789      961,677   

Global ex-U.S. Real Estate Fund

     999,920         (1,061,323      61,403   

China Dividend ex-Financials Fund

     45,626         109,682         (155,308

United Kingdom Hedged Equity Fund

     17,527         (1,348,080      1,330,553   

Japan Hedged SmallCap Equity Fund

     53,101         (958,651      905,550   

Emerging Markets Dividend Growth Fund

     7,630         (6,452      (1,178

Emerging Markets Consumer Growth Fund

     11,036         (11,036        

Germany Hedged Equity Fund

     18         41         (59

Korea Hedged Equity Fund

     27,447         (27,447        

The differences are primarily due to redemptions-in-kind, currency gain/loss, Passive Foreign Investment Companies (“PFICs”), the tax treatment of income earned from investments in partnerships, non-deductible expenses, taxable overdistributions, the tax treatment of net operating losses, and the utilization of earnings and profits distributed to shareholders on redemption of shares.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year or period ended March 31, 2014, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2014, remains subject to examination by taxing authorities.

7. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are Funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the fiscal year or period ended March 31, 2014 are as follows:

 

Fund    Value at
3/28/2013
     Purchases/
Additions
     Sales/
Reductions
     Value at
3/31/2014
     Dividend
Income
 

DEFA Fund

                                            

WisdomTree International Dividend ex-Financials Fund

   $       $ 16,072,342       $ 15,494,031       $ 545,678       $ 104,127   

DEFA Equity Income Fund

                                            

WisdomTree International LargeCap Dividend Fund

   $ 465,814       $ 8,211,051       $ 8,628,879       $ 89,234       $ 40,986   

Global Equity Income Fund

                                            

WisdomTree DEFA Equity Income Fund

   $ 126,313       $ 2,753,785       $ 2,922,035       $       $ 19,058   

WisdomTree Equity Income Fund

     42,590         922,384         973,047                 2,542   

Total

   $ 168,903       $ 3,676,169       $ 3,895,082       $       $ 21,600   

Europe SmallCap Dividend Fund

                                            

WisdomTree International MidCap Dividend Fund

   $       $ 4,320,402       $ 931,425       $ 3,386,251       $ 9,245   

 

202   WisdomTree International Dividend and Sector Funds


Table of Contents

Notes to Financial Statements (concluded)

 

Fund    Value at
3/28/2013
     Purchases/
Additions
     Sales/
Reductions
     Value at
3/31/2014
     Dividend
Income
 

Global ex-U.S. Dividend Growth Fund

                                            

WisdomTree DEFA Fund

   $ 4,038       $ 1,078,003       $ 1,023,298       $ 42,807       $ 8,173   

WisdomTree Emerging Markets Equity Income Fund

     2,588         721,159         658,832         28,804         5,387   

Total

   $ 6,626       $ 1,799,162       $ 1,682,130       $ 71,611       $ 13,560   

Japan SmallCap Dividend Fund

                                            

WisdomTree Japan Hedged Equity Fund

   $       $ 3,503,808       $ 2,084,270       $ 1,469,670       $ 1,357   

Asia Pacific ex-Japan Fund

                                            

WisdomTree Global ex-U.S. Real Estate Fund

   $       $ 1,235,904       $ 1,245,518       $       $ 6,971   

International LargeCap Dividend Fund

                                            

WisdomTree International MidCap Dividend Fund

   $ 675       $ 7,350,393       $ 7,008,211       $ 243,088       $ 44,792   

International Dividend ex-Financials Fund

                                            

WisdomTree International LargeCap Dividend Fund

   $ 27,106       $ 8,116,801       $ 7,372,889       $ 668,163       $ 49,417   

International MidCap Dividend Fund

                                            

WisdomTree Australia Dividend Fund

   $ 187,198       $ 1,940,060       $ 1,491,357       $ 611,578       $ 15,615   

WisdomTree Japan Hedged Equity Fund

     193,619         1,924,628         1,508,239         627,160         2,565   

Total

   $ 380,817       $ 3,864,688       $ 2,999,596       $ 1,238,738       $ 18,180   

International SmallCap Dividend Fund

                                            

WisdomTree Europe SmallCap Dividend Fund

   $ 400,395       $ 9,227,982       $ 6,452,254       $ 3,378,621       $ 5,966   

WisdomTree Japan SmallCap Dividend Fund

     327,930         7,678,686         5,188,448         2,819,491         3,477   

Total

   $ 728,325       $ 16,906,668       $ 11,640,702       $ 6,198,112       $ 9,443   

Emerging Markets SmallCap Dividend Fund

                                            

WisdomTree Emerging Markets Equity Income Fund

   $ 15,582       $ 29,159,754       $ 24,760,650       $ 4,186,652       $ 68,575   

Commodity Country Equity Fund

                                            

WisdomTree Global Natural Resources Fund

   $ 3,702       $ 465,445       $ 463,877       $ 11,058       $ 2,312   

Global Natural Resources Fund

                                            

WisdomTree Global Equity Income Fund

   $ 26,991       $ 430,227       $ 402,470       $ 56,133       $ 1,972   

Global ex-U.S. Utilities Fund

                                            

WisdomTree Global ex-U.S. Real Estate Fund

   $ 1,383       $ 712,198       $ 698,051       $       $ 6,070   

Global ex-U.S. Real Estate Fund

                                            

WisdomTree Global Natural Resources Fund

   $       $ 2,806,289       $ 2,459,570       $ 312,524       $ 7,527   

8. RECENT ACCOUNTING PRONOUNCEMENT

In June 2013, the FASB issued Accounting Standards Update 2013-08 “Financial Services-Investment Companies” (“ASU 2013-08”). ASU 2013-08 provides clarifying guidance to determine if an entity qualifies as an investment company. ASU 2013-08 also requires an investment company to measure non-controlling interests in other investment companies at fair value. The following disclosures will also be required upon adoption of ASU 2013-08: (i) whether an entity is an investment company and is applying the accounting and reporting guidance for investment companies; (ii) information about changes, if any, in an entity’s status as an investment company; and (iii) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The requirements of ASU 2013-08 are effective for fiscal years that begin after December 15, 2013.

At this time, management is evaluating the implications of ASU 2013-08 and its impact on the Trust’s financial statements.

9. ADDITIONAL INFORMATION

In September 2013, the Funds entered into agreements to change transfer agency, custody, fund accounting, fund administration and securities lending services from Bank of New York Mellon to State Street Bank and Trust Company, effective April 1, 2014.

 

WisdomTree International Dividend and Sector Funds      203   


Table of Contents

Report of Independent Registered Public Accounting Firm

 

The Board of Trustees and Shareholders of WisdomTree Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree DEFA Fund, WisdomTree DEFA Equity Income Fund, WisdomTree Global Equity Income Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Japan Hedged Equity Fund, WisdomTree Global ex-U.S. Dividend Growth Fund (formerly, WisdomTree Global ex-U.S. Growth Fund), WisdomTree Japan SmallCap Dividend Fund, WisdomTree Asia Pacific ex-Japan Fund, WisdomTree Australia Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Middle East Dividend Fund, WisdomTree Europe Hedged Equity Fund, WisdomTree Commodity Country Equity Fund, WisdomTree Global Natural Resources Fund, WisdomTree Global ex-U.S. Utilities Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree China Dividend ex-Financials Fund, WisdomTree United Kingdom Hedged Equity Fund, WisdomTree Japan Hedged SmallCap Equity Fund, WisdomTree Emerging Markets Dividend Growth Fund, WisdomTree Emerging Markets Consumer Growth Fund, WisdomTree Germany Hedged Equity Fund and WisdomTree Korea Hedged Equity Fund (twenty-eight of the investment funds constituting WisdomTree Trust (the “Trust”)) as of March 31, 2014, and the related statements of operations, the statements of changes in net assets and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2014, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree DEFA Fund, WisdomTree DEFA Equity Income Fund, WisdomTree Global Equity Income Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Japan Hedged Equity Fund, WisdomTree Global ex-U.S. Dividend Growth Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Asia Pacific ex-Japan Fund, WisdomTree Australia Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Middle East Dividend Fund, WisdomTree Europe Hedged Equity Fund, WisdomTree Commodity Country Equity Fund, WisdomTree Global Natural Resources Fund, WisdomTree Global ex-U.S. Utilities Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree China Dividend ex-Financials Fund, WisdomTree United Kingdom Hedged Equity Fund, WisdomTree Japan Hedged SmallCap Equity Fund, WisdomTree Emerging Markets Dividend Growth Fund, WisdomTree Emerging Markets Consumer Growth Fund, WisdomTree Germany Hedged Equity Fund and WisdomTree Korea Hedged Equity Fund of WisdomTree Trust at March 31, 2014, the results of their operations, the changes in their net assets and the financial highlights for each of the periods indicated therein, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

May 30, 2014

 

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

 

Approval of Investment Advisory and Sub-Investment Advisory Agreements with respect to WisdomTree Germany Hedged Equity Fund and WisdomTree Korea Hedged Equity Fund

At a meeting held on June 12, 2013, the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”), including those trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Agreement”) between the Trust and WisdomTree Asset Management, Inc. (“WTAM”) with respect to WisdomTree Germany Hedged Equity Fund and WisdomTree Korea Hedged Equity Fund (each, a “Fund” and collectively, the “Funds”) pursuant to which WTAM will provide the Funds with investment advisory services, and the Sub-Investment Advisory Agreement (together with the Agreement, the “Agreements”) pursuant to which Mellon Capital Management Corporation (“MCM”) will coordinate the investment and reinvestment of the assets of the Funds.

In considering whether to approve the Agreements, the Board considered and discussed information and analysis provided by WTAM. The Board was assisted in its review by independent legal counsel. In considering the approval of the Agreements, the Board considered all factors that it deemed to be relevant, including those discussed below. The Board did not identify any particular factor as controlling, and each Trustee may have attributed different weights to the various factors.

Nature, Extent and Quality of Services to be Provided

The Board considered the nature, extent and quality of the services to be provided by WTAM and MCM, recognizing WTAM’s and MCM’s operational capabilities and resources. The Board noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of MCM, oversight of MCM’s compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.

Comparative Analysis of the Funds’ Performance, Advisory Fees and Fund Expenses

As the Funds had not yet commenced operations, the Board was not able to review the Funds’ performance. The Board discussed with WTAM representatives the portfolio management personnel and the investment strategies to be employed in management of the Funds’ assets. The Board considered the fee to be paid to WTAM by the Funds. The Board examined the fee to be paid by each Fund in light of fees paid to other investment advisers by comparable funds and the method of computing each Fund’s fee. The Board also considered the fees to be paid to MCM in relation to the fees paid to WTAM by the Funds and the respective services to be provided. The Board noted that MCM’s fees will be paid by WTAM (out of its fees paid by the Funds) and not the Funds. After comparing the Funds’ fees with those of comparable funds, the Board concluded that the proposed level of fees for each Fund is reasonable and appropriate.

Costs of Services to be Provided, Profitability and Economies of Scale

As the Funds had not yet commenced operations, WTAM representatives were not able to review with the Board the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and MCM from acting as investment adviser and sub-investment adviser, respectively, to the Funds, including the potential “fall-out” benefits to MCM and its affiliates (i.e., ancillary benefits that may be realized by MCM and its affiliates from MCM’s relations with the Funds, such as other service contracts). The Trustees also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements, as well as their ability to review the advisory fees annually after the initial term of the Agreements.

Conclusion

After consideration of the factors discussed above, the Board, including a majority of the Independent Trustees, determined that the approval of the Agreements was in the best interests of each Fund and approved the Agreements for the Funds.

Approval of Sub-Investment Advisory Agreement with respect to WisdomTree China Dividend Ex-Financials Fund

At a meeting held on December 11, 2013 (the “Meeting”), the Board, including the Independent Trustees, unanimously approved the appointment of MCM to serve as sub-adviser to the WisdomTree China Dividend ex-Financials Fund (the “China Fund”). MCM replaced Old Mutual Global Index Trackers (Proprietary) Limited (“Old Mutual”) as the sub-adviser to the China Fund.

At the Meeting, the Board, including the Independent Trustees, considered the approval of the investment sub-advisory agreement (the “China MCM Agreement”) between WTAM and MCM pursuant to which MCM will coordinate the investment and reinvestment of the China Fund’s assets. The China MCM Agreement replaced the investment sub-advisory agreement between WTAM and Old Mutual, dated November 20, 2012, with respect to the China Fund (the “Old Mutual Agreement”), which was terminated as of the close of business on January 31, 2014. The Board determined that the change in sub-adviser was in the best interests of Fund shareholders due to, among other matters, the factors set forth below.

 

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

 

In considering whether to approve the China MCM Agreement, the Board considered and discussed information and analysis provided by WTAM. The Board was assisted in its review by independent legal counsel. In considering the approval of the China MCM Agreement, the Board considered all factors that it deemed to be relevant, including those discussed below. The Board did not identify any particular factor as controlling, and each Trustee may have attributed different weights to the various factors.

Nature, Extent and Quality of Services to be Provided

The Board considered the nature, extent and quality of the services to be provided by MCM, recognizing MCM’s operational capabilities and resources. Representatives of WTAM noted that MCM currently acts as sub-adviser for the WisdomTree suite of equity strategies with the exception of the China Fund, which has used Old Mutual for sub-advisory services since its inception in September 2012. The Board discussed the reasoning for the switch from Old Mutual to MCM with representatives of WTAM, noting MCM’s expertise in the emerging markets space and the potential operational risks of an additional sub-adviser in light of the planned service provider conversion from Bank of New York Mellon to State Street Bank and Trust Company. Additionally, the Board noted that the China Fund invests in Hong Kong domiciled securities, which are also held in the existing WisdomTree strategies sub-advised by MCM.

Comparative Analysis of the China Fund’s Performance, Advisory Fees and Fund Expenses

The Adviser noted that while Old Mutual’s sub-advisory mandate has been satisfactory, MCM has proven itself to be an effective sub-adviser, particularly in the emerging markets equity space, currently operating six of the emerging markets equity strategies in the WisdomTree suite. The Board also noted WTAM’s statement that it did not intend to retain Old Mutual as a sub-adviser for future funds. The Board discussed with WTAM’s representatives the MCM portfolio management personnel that would be responsible for managing the China Fund’s assets. The Board noted that because of the current asset level of the funds sub-advised by MCM, the fee rate to be paid to MCM will be lower than the fee paid to Old Mutual. The Board noted that MCM’s fees will be paid by WTAM (out of its fees paid by the China Fund) and not the China Fund. The Board also considered the fee to be paid to MCM in relation to the fees paid to WTAM by the China Fund and the respective services to be provided. The Board was satisfied that the retention of MCM as sub-adviser for the China Fund was proposed for reasons consistent with the best interest of the China Fund and its shareholders.

Costs of Services to be Provided, Profitability and Economies of Scale

The Board considered potential benefits to MCM from acting as sub-investment adviser to the China Fund, including the potential “fall-out” benefits to MCM and its affiliates (i.e., ancillary benefits that may be realized by MCM and its affiliates from its role with the China Fund, such as other service contracts).

Conclusion

After consideration of the factors discussed above, the Board, including a majority of the Independent Trustees, determined that the approval of the China MCM Agreement was in the best interest of the China Fund and approved the China MCM Agreement for the China Fund.

 

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Trustees and Officers Information (unaudited)

 

The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held
with the Trust,
Term of Office
and Length of
Time  Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by
Trustee/Officer+
 

Other
Directorships
Held by Trustee
During Past 5 Years

David G. Chrencik*
(1948)
  Trustee,
2014 – present
  Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) since 2010; Chief Financial Officer of Sarus Indochina Select LP Hedge Fund since 2012; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).   62   Trustee, Vericimetry Funds
Joel Goldberg**
(1945)
  Trustee,
2012 – present
  Attorney, Of Counsel/Partner at Stroock & Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.   62   None
Melinda A. Raso Kirstein
(1955)
  Trustee,
2014 – present
  Retired, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.   62   Associate Alumnae of Douglass College, Member of Investment Committee
Toni Massaro***
(1955)
  Trustee, 2006 – present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 1990.   62   None
Victor Ugolyn
(1947)
  Trustee, 2006 – present; Chairman of the Board of Trustees,
2006 – present
  Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.   62   Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame

 

+   As of March 31, 2014

 

*   Chair of the Audit Committee.

 

**   Chair of the Contracts Review Committee.

 

*** Chair of the Governance and Nominating Committee.

 

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Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held
with the Trust,
Term of Office
and Length of
Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by
Trustee/Officer+
 

Other
Directorships
Held by Trustee
During Past 5 Years

Jonathan Steinberg****
(1964)
 

Trustee,
2005 – present

President, 2005 – present

  President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.   62   Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano****
(1971)
  Treasurer, 2013 – present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006.   62   None
Ryan Louvar****
(1972)
  Secretary and Chief Legal Officer,
2013 – present
  General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.   62   None
Sarah English****
(1977)
  Assistant Secretary,
2013 – present
  Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009.   62   None
Terry Jane Feld****
(1960)
  Chief Compliance Officer,
2012 – present
  Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life Insurance Co., 2004 to 2007.   62   None

 

+     As of March 31, 2014

 

**** Elected by and serves at the pleasure of the Board.

 

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Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year or period ended March 31, 2014 is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2015.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended March 31, 2014, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

DEFA Fund

   $ 20,722,890   

DEFA Equity Income Fund

     13,372,758   

Global Equity Income Fund

     4,547,988   

Europe SmallCap Dividend Fund

     3,009,759   

Japan Hedged Equity Fund

     168,873,926   

Global ex-U.S. Dividend Growth Fund

     1,352,916   

Japan SmallCap Dividend Fund

     5,101,510   

Asia Pacific ex-Japan Fund

     1,763,567   

Australia Dividend Fund

     2,453,386   

International LargeCap Dividend Fund

     10,872,702   

International Dividend ex-Financials Fund

     15,706,753   

International MidCap Dividend Fund

     3,665,081   

International SmallCap Dividend Fund

     20,019,447   

Emerging Markets Equity Income Fund

     136,221,583   

Emerging Markets SmallCap Dividend Fund

     31,142,684   

Middle East Dividend Fund

     355,767   

Europe Hedged Equity Fund

     9,932,606   

Commodity Country Equity Fund

     567,540   

Global Natural Resources Fund

     725,862   

Global ex-U.S. Utilities Fund

     971,040   

Global ex-U.S. Real Estate Fund

     3,509,037   

China Dividend ex-Financials Fund

     343,110   

United Kingdom Hedged Equity Fund

     1,253,723   

Japan Hedged SmallCap Equity Fund

     94,102   

Emerging Markets Dividend Growth Fund

     127,367   

Emerging Markets Consumer Growth Fund

     42,861   

Germany Hedged Equity Fund

       

Korea Hedged Equity Fund

     23,127   

The fund intends to elect to pass through to shareholders the credit for taxes paid during the fiscal year or period ended March 31, 2014, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

DEFA Fund

   $ 23,239,683       $ 1,163,841   

DEFA Equity Income Fund

     14,505,255         555,108   

Global Equity Income Fund

     4,611,464         261,153   

Europe SmallCap Dividend Fund

     6,884,596         679,883   

Japan Hedged Equity Fund

     268,883,035         23,414,436   

Global ex-U.S. Dividend Growth Fund

     2,234,405         224,961   

Japan SmallCap Dividend Fund

     5,335,720         473,896   

Asia Pacific ex-Japan Fund

     3,040,081         203,441   

Australia Dividend Fund

     2,603,603         25,483   

International LargeCap Dividend Fund

     12,076,290         439,875   

 

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Supplemental Information (unaudited) (concluded)

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

International Dividend ex-Financials Fund

   $ 16,145,075       $ 1,191,746   

International MidCap Dividend Fund

     4,305,757         318,374   

International SmallCap Dividend Fund

     24,242,032         1,706,679   

Emerging Markets Equity Income Fund

     258,322,779         30,859,214   

Emerging Markets SmallCap Dividend Fund

     64,932,506         8,724,020   

Middle East Dividend Fund

     1,958,062         71,232   

Europe Hedged Equity Fund

     13,975,075         1,354,801   

Commodity Country Equity Fund

     921,257         107,791   

Global Natural Resources Fund

     827,838         83,421   

Global ex-U.S. Utilities Fund

     1,419,588         158,678   

Global ex-U.S. Real Estate Fund

     4,687,510         311,250   

China Dividend ex-Financials Fund

     856,148         69,457   

United Kingdom Hedged Equity Fund

               

Japan Hedged SmallCap Equity Fund

     934,958         88,980   

Emerging Markets Dividend Growth Fund

     311,119         32,113   

Emerging Markets Consumer Growth Fund

     136,359         14,305   

Germany Hedged Equity Fund

               

Korea Hedged Equity Fund

     26,083         4,308   

 

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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the Securities and Exchange Commission (“SEC”) no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Special Shareholder Meeting Results

A special meeting of shareholders of WisdomTree Trust (the “Trust”) was held on March 11, 2014 and the three Trustees identified

below were elected by the Trust’s shareholders. Election of Trustees was the only matter proposed for voting at the special meeting

and the following is a report of the votes cast:

 

Nominee*    For      Withheld  

David Chrencik

     564,021,648         4,593,018   

Joel Goldberg

     564,748,510         3,866,156   

Melinda Raso Kirstein

     563,676,336         4,938,330   
* Joel Goldberg is an existing Trustee of the Trust who had not previously been elected by shareholders, while David Chrencik and Melinda Raso Kirstein are newly elected Trustees.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, D.C. (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330), (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102 or (iii) sending your request electronically to publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

Each Fund’s Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

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The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2014:

 

WisdomTree Domestic Dividend Funds

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree U.S. Dividend Growth Fund (DGRW)

 

WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)

 

WisdomTree International Dividend Funds

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree Global Equity Income Fund (DEW)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

WisdomTree Korea Hedged Equity Fund (DXKW)

 

WisdomTree International Dividend

Sector Funds

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

WisdomTree Global ex-U.S. Utilities Fund (DBU)

 

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

  

WisdomTree Domestic and International

Earnings Funds

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

 

WisdomTree Commodity Currency Strategy Fund (CCX)

 

WisdomTree Emerging Currency Strategy Fund (CEW)

 

WisdomTree Indian Rupee Strategy Fund (ICN)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

 

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

 

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Euro Debt Fund (EU)

 

WisdomTree Global Corporate Bond Fund (GLCB)

 

WisdomTree Japan Interest Rate Strategy Fund (JGBB)

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

The Dow Jones Global Select Real Estate Securities (ex-US) Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.


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WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree International Dividend and Sector Funds

WisdomTree DEFA Fund (DWM)

WisdomTree DEFA Equity Income Fund (DTH)

WisdomTree Global Equity Income Fund (DEW)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)

(formerly, WisdomTree Global ex-U.S. Growth Fund)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

WisdomTree Australia Dividend Fund (AUSE)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International Dividend ex-Financials Fund (DOO)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Emerging Markets Equity Income Fund (DEM)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Middle East Dividend Fund (GULF)

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Commodity Country Equity Fund (CCXE)

WisdomTree Global Natural Resources Fund (GNAT)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

WisdomTree China Dividend ex-Financials Fund (CHXF)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

WisdomTree Emerging Markets Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree Korea Hedged Equity Fund (DXKW)

WisdomTree Fund shares are distributed by ALPS Distributors, Inc.

WIS006647 5/2015


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Item 2. Code of Ethics.

 

  (a) The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.

 

  (c) There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

 

  (d) The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

 

Item 3. Audit Committee Financial Expert.

The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the Registrant’s audit committee is David Chrencik, who is an independent Trustee of the Trust, as that term is defined under Item 3(a) (2).

 

Item 4. Principal Accountant Fees and Services.

Audit Fees

 

  (a) The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are $992,219 for 2014 and $785,733 for 2013.

Audit-Related Fees

 

  (b) The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $31,500 for 2014 and $0 for 2013.


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Tax Fees

 

  (c) The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $426,680 for 2014 and $396,220 for 2013.

All Other Fees

 

(d)   The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0 for 2014 and $0 for 2013.
(e)(1)   Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.
  Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.
(f)   (e)(2) The Registrant’s Audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.
(g)   The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $427,180 for 2014 and $436,220 for 2013.
(h)   Not applicable.


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Item 5. Audit Committee of Listed registrants.

The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.

 

Item 6. Investments.

 

(a) Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

 

(b) Not applicable.

 

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

 

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

 

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

 

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

 

Item 11. Controls and Procedures.

 

  (a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).


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  (b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 12. Exhibits.

 

(a)(1)

  Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto.

(a)(2)

  Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(3)

  Not applicable.

(b)

  Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.

 

 

 


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)   WisdomTree Trust
By (Signature and Title)      /s/ Jonathan L. Steinberg
     Jonathan L. Steinberg, President
     (principal executive officer)

Date: June 9, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)      /s/ Jonathan L. Steinberg
     Jonathan L. Steinberg, President
     (principal executive officer)

Date: June 9, 2014

By (Signature and Title)      /s/ David Castano
     David Castano, Treasurer
     (principal financial officer)

Date: June 9, 2014